Mining Intelligence Articles & Market Analysis - Page 151
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First Majestic Second Quarter 2025 Results Conference Call Details
First Majestic will hold a webcast and conference call on August 14, 2025, to discuss Q2 results and 2025 guidance; results published before market open.
CanCambria Energy Corp Announces Closing of Second and Final Tranche of Upsized Unit Financing
CanCambria Energy closed a CA$3.57M private placement, issuing units with shares and warrants, including finder's warrants, under securities law exemptions.
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Equinox Gold Announces Agreement to Divest Non-Core Nevada Assets for US$115 Million
Equinox Gold sells Nevada assets for $115M to focus on core operations, strengthening its balance sheet and maintaining upside exposure through equity in Minera Alamos.
Forge Resources Announces Continuous Porphyry Mineralization in All 2025 Holes to Date Including 0.911 g/t Au over 20.49 m
Forge Resources reports positive assay results from initial drill holes at Alotta, revealing extensive porphyry gold mineralization, expanded zones, and potential for significant mineral deposits.
Scottie Resources Provides Update on Bulk Sample and Drilling Progress
Scottie Resources advances its Scottie Gold Mine Project with a bulk sample, ongoing drilling, and studies, aiming for exploration insights and potential development updates.
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U.S. ‘Debt Tsunami’ Will Force Fed to Negative Rates, Push Gold to $8,000 | Brien Lundin
Brien Lundin warns the Fed's policies may lead to a crisis and $8,000 gold as investors seek safety....
EMX Royalty Announces Q3 2024 Results; Expects to Exceed 2024 Adjusted Royalty Revenue Guidance
In Q3 2024, EMX Royalty Corporation reported strong results due to robust royalty production and strong metal prices, with notable performance from Caserones, Gediktepe, and Leeville. The company continued to invest in generating and acquiring royalties worldwide, while partners expanded operations at existing mines and sought new opportunities. Compared to Q3 2023, adjusted revenue increased by 23% and adjusted royalty revenue increased by 45%. Significant investment was seen from Zijin Mining Group at Timok and increased exploration activity within EMX's existing royalty footprints. The company is expected to exceed its 2024 adjusted royalty revenue guidance range of $22,000,000 to $27,500,000.
Kapa Gold Reports Closing Private Placement
KAPA GOLD INC., a Canadian exploration company, has announced the successful closing of a non-brokered private placement, raising CAD$1,000,000 through the issuance of 20,000,000 units at CAD$0.05 per unit. Each unit includes a share and a warrant, allowing holders to purchase an additional share at CAD$0.10 within 36 months from November 7, 2024. The funds will be used for general working capital needs. The company's main project is the Blackhawk Gold Property in California's historic Blackhawk Mining District, where it aims to establish a resource and develop a sustainable extraction strategy.
IAMGOLD Reports Third Quarter 2024 Results
IAMGOLD Corporation has reported its financial and operating results for Q3 2024, expressing pride over stable production and cash flow growth. The company is moving closer to becoming a leading Canadian gold producer with a strong balance sheet. It finished Q3 with a year-to-date gold production of 490,000 ounces, putting them on track to meet their annual production guidance of 625,000 to 715,000 ounces. This has been driven by the performance at Essakane, Westwood, and Côté Gold. IAMGOLD's financial outlook continues to improve, with an intention to close out the gold prepayment arrangement by June 2025. The Côté Gold Mine reached commercial production on August 1, 202
Decade Announces Non-Brokered Private Placement
Decade Resources Ltd has announced a non-brokered private placement of flow-through shares to raise up to $910,000. The offering will consist of 18.2 million units, each containing one common share and one transferable common share purchase warrant. The Mineral Exploration Tax Credit (METC) provides tax benefits for investors in mining flow-through shares. In addition, the proposed 2022 Budget introduced a new 30-percent Critical Mineral Exploration Tax Credit for specified minerals used in the production of batteries and permanent magnets. The proceeds from the sale will be used for the company's projects in British Columbia.
Champion Bear Completes Shares for Debt Transaction
Champion Bear Resources Ltd. has settled and extinguished $961,673.45 of its outstanding debt by issuing 14,794,976 common shares to seven creditors. The debt settlement, approved by the TSX Venture Exchange, involves issuing shares to the company's President and CEO, directors, and the CFO. This move aims to conserve cash and improve the company's balance sheet. The shares issued will be subject to a four-month hold period.
Jim Rogers: Silver Beats Gold in Today’s Market—Here’s Why
Jim Rogers discusses global economy insights, investment strategies, and market perspectives in an interview....
RJK Announces Closing of Private Placement
RJK Explorations Ltd., based in Kirkland Lake, Ontario, has closed a non-brokered private offering of units, raising a total of $424,000. The company issued 12,114,285 units at a price of $0.035 each. Each unit includes one Class A common share and one Class A common share purchase warrant, with the warrant allowing the holder to buy one common share at $0.07 within five years. The funds raised will be used for diamond drilling of potential targets (70%) and general working capital (30%). The securities are subject to a hold period ending March 8, 2025, and the offering still needs final acceptance by the TSX Venture Exchange.
Silicon Metals Corp. Announces Acquisition of Both the Silica Ridge and the Longworth Silica Projects, as Well the Formation of Its Advisory Board
Silicon Metals Corp. has acquired options to purchase full rights in two silica projects in British Columbia - the Silica Ridge Silica Project and the Longworth Silica Project - through option agreements with Cronin Exploration Inc. The Silica Ridge property, covering 2,538.22 Ha, is known for a large quartzite occurrence, while the 3,863.06 Ha Longworth property hosts a sequence of sedimentary and volcanic rocks. Both properties show promising potential for expansion and exploration of high-purity mineralization.
Argo's September 2024 Oil Production and Update
Argo Gold Inc. produced a total of 3,565 barrels of oil in September 2024, averaging 118 barrels per day. The average oil price was CDN$68 per barrel, yielding a total oil revenue of $241,198 and a net operating cash flow of $163,738 for the month. The company also participated in the development drilling of a third oil well at Lindbergh in October 2024. Argo Gold is a Canadian company involved in mineral exploration, development, and oil production.
Ximen Mining Drilling Update Intersects West Zone Mineralized Breccia Brett Epithermal Gold Project-Vernon BC
Ximen Mining Corp. has announced the completion of hole 6 in its active drill program at the Brett epithermal gold project in Vernon, southern BC. The drilling was carried out from the same collar and azimuth as hole 5, but steeper at -65 degrees to intersect the West Zone breccia. The hole was drilled to test the mineralized breccia intersected in hole 5. The results show a zone of argillic alteration with iron oxide, which is devoid of sulfide mineralization due to oxidation. A mineralized breccia zone was also intersected, containing 5-10% pyrite associated with silica veinlets and breccia. Several intensely silicified zones with pyrite were intersect
Military Metals Announces Appointment of Mark Saxon to Its Board of Directors
Mark Saxon has been appointed as an independent director to the board of Military Metals Corp., increasing the board to five seats. Saxon has a technical background in critical metals, and has extensive capital markets experience in Canada and Australia. He has been involved in the exploration and resource geology field for 30 years, holding CEO and leadership roles in various Canadian and Australian public companies. In addition, he has been granted 200,000 common share stock options at $0.95 per share by the company.
GoldON Reports Drill Results from Its West Madsen Gold Project in Ontario's Red Lake Camp
Official news release from GoldON Resources Ltd.
Founders Metals Hits New Discovery in Third Lower Antino Drill Hole
Founders Metals Inc. has announced the results of its maiden drill program at the Antino Gold Project in Suriname. The company reported 81.9 meters of 1.01 grams per tonne gold within a broader, over 200 meter wide zone of anomalous gold. Following the success of the initial drilling results, Founders has expanded its Phase 1 Lower Antino drill program from 1,500 meters to 4,500 meters. New discoveries include 81.9 meters of 1.01 grams per tonne gold, including 26.0 meters of 2.36 grams per tonne gold. Assays are still pending for several drill holes. The company's CEO, Colin Padget, expressed excitement over
ALX Resources Corp. Announces Filing and Mailing of the Management Information Circular in Connection with Its Annual and Special Meeting of Shareholders to Approve the Acquisition of the Company by Greenridge Exploration Inc.
ALX Resources Corp. has announced that its management information circular and related materials for its Annual General and Special Meeting are now available on its website and SEDAR+. The meeting is scheduled for December 2, 2024, where shareholders will vote on the acquisition of all outstanding and issued common shares of ALX by Greenridge Exploration Inc. via a court-approved arrangement. The approval requires a 66⅔% majority vote. The details of the transaction were previously announced on October 11, 2024, and each ALX shareholder will receive 0.045 common shares of Greenridge for each ALX share held.
Ridgeline Minerals and Nevada Gold Mines Drill High-Grade "Carlin-Type" Gold Mineralization at the Swift Project, Nevada
Ridgeline Minerals Corp. has announced high-grade assay results for the first of three deep core holes at the Swift gold project, which is being operated in partnership with Nevada Gold Mines. The results showed 1.1m grading 10.4 grams per tonne gold within 2.7m grading 7.0 grams per tonne gold. The results indicate that the Swift project hosts high-grade gold mineralization comparable to operating underground mines in the Cortez District. However, more drilling is required to continue towards the core of the high-grade system. CEO Chad Peters will host a webinar to discuss the results on November 8, 2024.
Volta Agrees to Acquire the ZigZag Lithium Project Contiguous to Its Falcon West Lithium Discovery in Ontario
Volta Metals Ltd. has agreed to acquire a 100% interest in the ZigZag Lithium property in Toronto, Ontario. The property, which is adjacent to Volta's Falcon West Lithium Project, hosts the high-grade Dempster East Lithium Showing and has potential to host lithium, cesium, tantalum, gallium and niobium mineralization. The ZigZag Project covers an area of 2,710 hectares, extending the total area of Volta's lithium projects to 8,287 hectares. This makes it one of the larger prospective land packages within the Seymour-Falcon Lithium Belt.
First Majestic Announces Financial Results for Q3 2024 and Quarterly Dividend Payment
First Majestic Silver Corp. announced its Q3 2024 unaudited financial results, showing a 4% increase in silver equivalent production and a 10% increase in revenue compared to Q3 2023, reaching $146.1 million. This was mainly due to higher average silver prices, despite lower production levels at San Dimas. The company held 767,386 silver ounces in finished goods, worth an additional $23.8 million in potential revenue. Mine operating earnings grew by 119% to $28.5 million, largely driven by a 67% increase at Santa Elena due to higher silver prices.
Kirkland Lake Discoveries Reports 2024 AGM Results, Appointment of Stefan Sklepowicz as CEO, and Launch of "KLDC Treasure Hunters" Video Series
Kirkland Lake Discoveries has held its annual general and special meeting, during which shareholders approved all resolutions including the election of four directors, appointment of Crowe MacKay LLP as auditor, and approval of the company's Stock Option Plan. Over 18 million shares, representing 20.31% of the company, were voted. The company has also formally appointed Stefan Sklepowicz, who has been serving as interim CEO since May, as its Chief Executive Officer. Finally, the company has launched a new video series called "KLDC Treasure Hunters."
Summa Silver Outlines Plans for Upcoming Drill Program on the Extension of the Prolific Tonopah Mining District, Nevada
Summa Silver Corp. is set to begin a drill program at the Hughes Project at Tonopah, Nevada to evaluate the scale of significant silver-gold mineralization. The program involves approximately 7,000 m of drilling between Ruby and Sapphire discoveries. The objective is to test the high-grade mineralization across at least 600 m eastward from Ruby. The drill program, which is fully funded, is scheduled to begin in December.
SPOD Lithium Commences Drill Program on MegaLi and Lithium Grande 4 Properties in Quebec
SPOD Lithium Corp. has obtained permits to begin its drilling program on the MegaLi and Lithium Grande 4 projects in the James Bay area of Quebec, Canada. The initial drill program will consist of at least 10 drill holes for a total of around 1,500 meters. The aim of the program is to follow up on successful soil and rock sampling from phase 2 field programs, which revealed pegmatite trends and other minerals. The company is excited about this development, as the region is known for its lithium potential. Drilling is expected to begin next week.
Valleyview Provides Update on Proposed Acquisition of Shift Rare Metals Including Financing Terms and New Board Members
Valleyview Resources Ltd. has updated the progress of its proposed acquisition of all outstanding shares of Shift Rare Metals Inc. through a three-cornered amalgamation. Shift, a privately held company in British Columbia with a U.S. subsidiary, has claims in northwestern Colorado. Valleyview and Shift, with agent SCP Resource Finance LP, will complete a private placement offering of Shift's subscription receipts at C$0.30 each to raise between C$7 million and C$15 million. Upon meeting conditions, each receipt will be exchanged for a Class D common share of Shift and half of a Class D common share purchase warrant, valid for two years. Valleyview plans to split its shares 1:1.5 before the transaction is completed.
Lake Victoria Gold Announces Completion of 10-Year Renewal and Transfer of Imwelo Mining License
Lake Victoria Gold Ltd. (LVG) has announced the 10-year renewal and authorization to transfer the Imwelo Mining License to it, through its wholly-owned subsidiary Tembo Gold Tanzania Limited by the Tanzanian Mining Commission. This forms a solid foundation for LVG's strategy for growth and development in the Lake Victoria Goldfield region. The completion of the acquisition is still subject to conditions like final approval of the TSX Venture Exchange, financing involving Taifa Mining and Civils Limited, among others. With the renewed license, LVG will proceed with its development plans for the Imwelo Project, aiming to expand its asset base and strengthen its position in Tanzania.
Inomin Announces Non-Brokered Private Placement
Inomin Mines Inc. plans to raise up to $500,000 through a non-brokered private placement of securities. The financing will involve the sale of non-flow-through units at $0.04 each and flow-through units at $0.05 each. Each unit includes one common share of the company and one purchase warrant, which allows the holder to buy an additional share for $0.10 within three years. A maximum of 10 million non-flow-through units and 2 million flow-through units will be issued. The company may accelerate the expiry date of the warrants if the shares' closing price is $0.20 or more for ten consecutive trading days. The financing will be available to existing shareholders.
Apex Expands Claim Coverage at Its Lithium Creek Project in Churchill County, Nevada
Apex Resources Inc. has staked and recorded 176 additional placer mining claims in Churchill County, Nevada, extending its Lithium Creek Project by approximately 3520 acres. This follows the release of favorable analytical results from shallow groundwater samples, indicating high lithium concentrations. The company's land position has thus increased from about 4720 acres to 8240 acres. CEO Ron Lang described the results as encouraging and claimed the expansion was crucial for targeting potential district-scale lithium brine reservoirs in the U.S.
Metal Energy Completes Highland Valley Copper Acquisition
Metal Energy Corp. has acquired a 100% interest in the Highland Valley Copper Project in British Columbia, located next to Canada's largest copper mine. The project spans 240 km² and has identified extensive mineralization in two zones. Metal Energy, as part of the Ore Group, will use its project management experience to modernize historical data and identify future exploration opportunities. The acquisition is in line with Ore Group's strategy of utilizing historical data in regions with good infrastructure and proximity to major operating mines.
Applies for Drill Permit on the "Case Lake West Cesium and Spodumene Pegmatite Project" in Larder Lake Mining division of Ontario
Sienna Resources Inc., a Vancouver-based mining company, has applied for a drilling permit in Ontario, specifically in the Case Lake area, known for its high potential for Cesium. The company is eager to start its maiden drill program and is optimistic about the project's prospects. Sienna has recently acquired several new projects, including the "Case Lake West Cesium and Spodumene Pegmatite Project" in Ontario, the "Uranium Town Project" bordering Denison Mines Corporation, the "Dragon Uranium Project" bordering Cameco Corporation, and the "Atomic Uranium Project" in Saskatchewan's Athabasca Basin. They also have the "Elko Lithium Project" in Nevada.
Spearmint Resources Announces Corporate Update
Spearmint Resources Inc. has successfully closed a non-brokered private placement of 15,625,000 units at $0.016 per unit, resulting in gross proceeds of $250,000. Each unit includes one common share and one share purchase warrant. The company paid a finders' fee of $2,576 and issued 161,000 non-transferable finders' warrants in connection with the offering. The funds will be used for the company's general working capital and to evaluate and work on existing projects. The company's president, James Nelson, expressed optimism about the future following the successful placement.
Doubleview Gold Corp Announces Closing of Final Tranche of Private Placement for Total of $1,873,100
Doubleview Gold Corp. has announced the completion of its final tranche of non-brokered Private Placement, raising gross proceeds of $39,830. This brings the total funds raised to $1,873,100, which includes $1,051,250 flow-through funds and $821,850 non-flow-through funds. In the final tranche, Doubleview will issue 104,816 non-flow-through units at $0.38 per unit. Each unit consists of one common share and one warrant, which can be used to purchase a common share at a future date. The funds will be used for exploration work, particularly at the Hat Polymetallic Deposit, and other operational costs.
Emperor Closes Increased Private Placement
Emperor Metals Inc. has announced the closure of its non-brokered private placement, issuing 8,175,000 flow-through shares at a price of $0.11 per share, raising $899,250 in gross proceeds. The size of the offering was increased from 7,500,000 shares to 8,175,000 shares, providing additional gross proceeds of $74,250. The proceeds will be used for qualifying Canadian exploration expenses. Alongside the sale, the company paid $49,500 in cash and issued 450,000 finder's warrants to eligible finders for some of the shares sold.
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