Mining Intelligence Articles & Market Analysis - Page 152
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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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Equinox Gold Reports Third Quarter 2024 Financial and Operating Results
Equinox Gold Corp. has reported record third quarter results for 2024, with the highest quarterly revenue and adjusted EBITDA in the company's history. The success is largely credited to strong gold prices and ramp-up at their Greenstone Mine. Mining and processing rates at Greenstone have substantially increased, leading to a rise in the company's production guidance for 2024 to 590,000 to 675,000 ounces of gold. The company expects Q4 to bring the highest quarterly production of the year and plans to use the increasing cash flow to pay down debt.
Equinox Gold's Greenstone Mine Announces Commercial Production
Equinox Gold Corp. has announced that its Greenstone Mine in Ontario, Canada has reached commercial production. Despite challenges of the global pandemic, supply chain disruptions, and inflation, the mine has achieved this milestone after three years of construction and commissioning. During Q3, the mine processed an average of 14,300 tonnes per day, producing 42,400 ounces of gold. Through October, throughput steadily increased, averaging over 20,400 tpd. The current focus is on increasing plant availability and recoveries. At full production, Greenstone Mine will be among Canada's largest open-pit gold mines, producing an average of 390,000 ounces of gold per year for the first five years.
Millbank Mining Corp. Announces Name Change to Primary Hydrogen Corp.
Millbank Mining Corp. has announced that it will change its name to Primary Hydrogen Corp., effective November 13, 2024. The change was approved by the company's board of directors on August 9, 2024. Following the name change, the company's common shares will trade under the new symbol "HDRO". Primary Hydrogen Corp. is currently focusing on its Arthur Lake Copper project in British Columbia and Blakelock hydrogen project in Ontario.
Torex Gold Reports Q3 2024 Results
Torex Gold Resources Inc. has reported strong financial results for Q3 2024, owing to a 52% all-in sustaining costs margin. This was driven by a record average realized gold price of $2,313 per ounce and all-in sustaining costs of $1,101 per ounce of gold sold. The robust margins and strong operational performance resulted in $113 million cash generation. Despite spending $114 million on the Media Luna Project, the company retains a liquidity of $347 million. The project is expected to complete by February 2025, with the company planning to increase production in 2024 and accelerate the ramp-up of underground mining in 2025. Torex expects to return to positive free cash flow by mid-
KWG Consents to Geotechnical Program for Northern Road Link Environmental Impact Study
KWG Resources Inc., operating as The Canadian Chrome Company, has announced that Canada Chrome Corporation (CCC) has signed a memorandum of agreement with AtkinsRéalis Canada Inc. This agreement is in support of work permits needed for the development of the Northern Road Link. This road will connect the proposed Marten Falls Community Access Road and the Webequie Supply Road in northwestern Ontario. The agreement supports equitable benefits sharing with affected First Nations for the development of transportation and electrification systems in the James Bay Lowlands. It also allows for temporary access rights for AtkinsRéalis Canada Inc. under the Public Lands Act (Ontario).
Bravada Receives Approval to Extend Private Placement Closing
Bravada Gold Corporation has received approval for a 30-day extension until December 6, 2024, to close a previously announced non-brokered private placement. The placement involves up to 10,000,000 units at $0.035 per unit for gross proceeds of $350,000. Each unit includes one common share and one share purchase warrant, with each warrant exercisable to purchase an additional share for three years at $0.05 per share. An over-allotment option will also be made available. The units have not been registered under the US Securities Act of 1933 and cannot be offered or sold within the US. Bravada is an exploration company with a portfolio of properties in Nevada.
Jupiter Gold Acquires Licensed Iron Ore Mine and Expands its Mineral Portfolio
Jupiter Gold Corporation has announced it will merge with Apollo Resources Corporation, a private mineral exploration company with a permitted iron ore project in Brazil's Iron Quadrangle region. The merger was approved by both companies' boards of directors and will see Jupiter Gold as the surviving entity. Shareholders of Apollo Resources will receive Jupiter Gold shares in exchange for their holdings. Apollo Resources' key asset is its Rio Piracicaba Project, which has identified over 7 million tonnes of iron ore as indicated and inferred resources with an average iron grade of 31.53%.
Goldstorm Metals Discovers New High-Grade Zone; Drilling 1,766 g/t Silver over 0.45 Meters (Hole EL-24-16) and 7.78 g/t Gold over 1.50 Meters (Hole EL-24-15) at the Electrum Property, Located in the Heart of the Golden Triangle of Northwestern British Columbia
Goldstorm Metals Corp. has announced the results of its 2024 diamond drill exploration program at its Electrum gold-silver property in British Columbia, Canada. The program involved seven drill holes totaling 2,233 meters, which tested epithermal veins hosting precious and base-metal mineralization. The company completed Phase 1 drilling at the Dome Target and continued with Phase 2 drilling on the newly discovered LP Zone where visible native gold was identified at the surface. The Dome drill targeting aimed to expand known stockwork mineralization. Notably, drill hole EL-24-17 found a 48-meter intercept of volcanic rocks with pyrite-filled micro-fractures and quartz carbonate veinlets that returned 0.47 g/t Au with 5
Champion Bear Resources Announces Results of Annual General Meeting
At Champion Bear Resources Ltd.'s Annual General Meeting on October 24, 2024, shareholders approved five directors for the following year, appointed Kenway Mack Slusarchuk Stewart LLO as Company Auditor, re-approved the Stock Option Plan, and approved the Company Shares for Debt Plan. David Haigh was not re-elected as a director due to lack of majority support. The board expressed gratitude for his 27-year service and indicated that it might fill the remaining director vacancies in the coming months. Champion Bear is a mineral exploration company based in Ontario, with over 16,000 hectares of land in the Dryden and Sudbury areas.
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Masivo Silver Commences Drilling Hole Number 7 In Nevada
Masivo Silver Corp. has completed drilling hole No.6 at 279.9 feet to test historical IP anomalies that reflect sulfide mineralization, and has started drilling hole No.7 at a targeted depth of 280 feet. The company is also conducting metallic screen assays on samples from the Boston Mine due to observed presence of visible gold. Results from the first hole indicate that the company's projected target zones are accurate. The company is considering several gold and silver opportunities in Mexico for possible future acquisition and has a $75,000 drill and exploration credit to use in Mexico. Masivo Silver Corp. is a Canadian junior silver and gold mining exploration company currently focused on exploration projects in Nevada, US, and Sinaloa, Mexico.
Weekapaug Lithium Limited Changes Name to Protium Clean Energy Corp.
Protium Clean Energy Corp announced that it has officially changed its name from Weekapaug Lithium Limited, maintaining its trading symbol as "GRUV". The press release also contained forward-looking information about the company's future plans. However, it warned that these plans are subject to risks and uncertainties, including regulatory approvals and potential land claims, which could result in changes or delays.
Minaurum Consolidates Land Package at Aurifero Gold Project
Minaurum Gold Inc. has acquired a 100% interest in five royalty-free claims of the Aurifero high-grade gold project in Sonora, Mexico, and extended its option agreement to acquire the remaining claims by another three years. Located near Minaurum's fully-owned Alamos silver project, Aurifero has seen over 8,000 meters of drilling since the 1980s. The company now controls over 95% of this high-grade gold district and believe the gold veins could combine into a substantial gold system. The Aurifero project is 35 km northwest of the Alamos silver project and 26 km northwest of Mexico's third largest copper mine.
Gold Digger Resources Inc. Announces Update Regarding Agreement to Acquire Premium Uranium Corporation
Gold Digger Resources Inc. has extended the deadline for its acquisition of Premium Uranium Corporation (PURC) and its subsidiary, UA92, to December 31, 2024. This acquisition will make PURC and UA92 wholly owned subsidiaries of Gold Digger Resources. UA92 owns a mineral property in Botswana, which Gold Digger intends to explore post-acquisition. The company is currently auditing PURC's financial statements and preparing the required CSE Form 2A Listing Statement for post-acquisition disclosure.
Commander Identifies Targets at Burn Porphyry Copper Property, British Columbia
Commander Resources Ltd. has reported the results of a property-wide airborne magnetic survey and an induced polarization survey at its Burn Copper and Gold porphyry project in British Columbia. The project has identified a gold-rich zone and a separate upper-level porphyry copper-gold zone. The company has completed a detailed geophysical airborne magnetic survey over the entire property. Drill targets have been outlined, including areas of high chargeability with high magnetic responses. The company's CEO, Robert Cameron, said the large 6 square kilometre IP anomaly on the Charleston Target require drill follow-up.
QIMC Invited to Provide Input on ARPA-E's New Request for Information (RFI) on Geologic Hydrogen Resource Exploration
Quebec Innovative Materials Corp. (QIMC) has announced its participation in an initiative led by the Advanced Research Projects Agency-Energy (ARPA-E) aimed at advancing Geologic Hydrogen Resource Exploration. The initiative aims to develop innovative ways to identify and use naturally occurring hydrogen deposits. QIMC's expertise will contribute to the development of specialized exploration technologies, improve detection accuracy, accelerate the discovery process, and study geological processes that contribute to the natural generation of hydrogen reservoirs. The collaboration aligns with QIMC's aim to enable the economic assessment, sustainable extraction, and commercialization of geologic hydrogen resources.
North Peak Announces Closing of Private Placement
North Peak Resources Ltd. has closed on its previously announced non-brokered private placement, raising a total of $1,061,250. As part of this, over 1.4 million common shares were issued at $0.75 per share. These shares will be held for four months in accordance with securities laws. The funds will be used to explore and develop the company's mining assets, further business development, and cover administrative expenses. Company CEO Brian Hinchcliffe acquired 166,666 shares for $125,000, considered a "related party transaction". The transaction was exempt from certain requirements as it was for cash and the value of securities was under $2.5 million. The company did not file a material change report
Kenorland Reports 26.67 g/t over 3.30m at the Frotet Project, Quebec
Kenorland Minerals Ltd. has announced the results of the 2024 summer exploration program at the Frotet Project in northern Quebec. The company completed drilling in six holes, totalling 3,266m. The program primarily tested step-out targets generated from the recently updated geologic model of the Regnault gold system. Significant results were returned along the R6 trend, with one highlight being 5.40m at 7.35 g/t Au including 0.75m at 26.80 g/t Au. Kenorland currently holds a 4% net smelter return royalty and operates the project.
Avalon Enters into Strategic Collaboration with Qualcomm for Mining Innovation and Technology Solutions in Canada
Toronto-based Avalon Advanced Materials Inc. has signed a memorandum of understanding with Qualcomm Technologies Inc. to collaborate on a strategic initiative focused on Avalon's Thunder Bay lithium processing facility. The collaboration will use Qualcomm's Industrial & Edge technologies to create a digital infrastructure for mining activities and develop IoT-enabled solutions. This partnership aims to transform Canada's mining sector by integrating advanced technology, promoting data-driven advancements, improving environmental performance, and boosting operational efficiency. It will also support Ontario-based technology SMEs, strengthening Canada's critical minerals supply chain.
American Pacific Reports 18.0 Metres of 1.5% Copper and 5.4% Zinc (4.4% CuEq) from Zone 2-3 at Palmer Copper-Zinc VMS Project in Southeast Alaska
American Pacific Mining Corp announced the assay results for the last nine drill holes of its sixteen-hole drill program at the Palmer Copper-Zinc VMS Project in Southeast Alaska. The summer drill program was funded by a joint venture with Dowa Metals & Mining Alaska Ltd. The 2024 drilling program aimed to further test the high-grade copper mineralization of the Palmer Deposit South Wall Zone 1 and Zone 2-3 and the nearby North Wall Alteration Zone. The results showed significant copper, zinc, gold, and silver findings, indicating a higher-grade copper core within the larger mineralized envelope.
Heliostar Announces Closing of US$10M Debt Facilities to Support Acquisition of Production Assets
Heliostar Metals Ltd. has successfully closed two debt facilities with Ocean Partners USA, Inc. and Deans Knight Capital Management Ltd., securing a total of US$10 million. These funds will be used to support Heliostar's acquisition of assets from Florida Canyon Gold Inc., which is expected to complete on November 6, 2024. As part of the loan agreement, the company has issued 1.5 million common shares. Heliostar has already drawn down US$5 million to finalize the acquisition, with the remaining balance available as needed. The company's objective is to become a mid-tier gold producer and is currently developing its wholly-owned Ana Paula Project in Mexico.
Amex Drills 134.36 g/t Au over 1.8 m to Expand the Central Polymetallic Zone and Reports High-Grade Intercepts from Multiple Gold Zones
Amex Exploration Inc. has announced the expansion of the mineralized footprint of the Central Polymetallic Zone (CPZ) which could extend the CPZ by 100 meters. Additionally, recent drilling has discovered mineralization outside of the Perron Project's already known resource, which may increase the existing resource. Amex has also successfully expanded the latest discovery on the Perron Project, the JT Zone, which now has a defined strike of approximately 450 meters with a thickness of 60 meters. The Amex team is optimizing the drilling plan to target expansion of the open pit and underground stope shapes identified in the resource.
Neotech Metals Corp. Expands US Investor Access with OTCQB Uplist, Closes LIFE Financing, and Provides Drilling Update at Hecla-Kilmer
Neotech Metals Corp. has announced its approval to uplist onto the OTCQB market and the closing of its LIFE financing for CAD$1,351,450. The company has also completed over 3,600 meters of drilling at its flagship property, Hecla-Kilmer. The OTCQB market is a U.S. trading platform for developing companies and is recognized by the Securities and Exchange Commission. The funds from the LIFE financing will be used to advance Neotech's rare earth element exploration projects in Canada. The drilling at Hecla-Kilmer, funded by Neotech's previous financing, is expected to conclude this month, after which the company will focus on geologic modeling, community engagement, and planning for future programs.
Manganese X Energy Corp. Provides Update on Resource Definition Drilling Program at its Battery Hill Manganese Deposit and Undertakes Additional Ore Sorting Testing
Manganese X Energy Corp. has announced plans to drill several parts of the Battery Hill deposit near Woodstock, New Brunswick, with the intent to upgrade specific areas of Inferred Mineral Resources to the Measured and Indicated Mineral Resource categories. This drilling program will provide around 1250 meters of core for analysis and will help finalize grade and tonnage information for a new NI 43-101 compliant Mineral Resource estimate. Furthermore, Manganese X has sent 100 core samples from Battery Hill to the TOMRA Ore Sorting Solutions lab in Germany for testing. The company is also working with Kemetco Research Inc. to operate a pilot plant for producing high purity manganese sulfate samples for potential customers.
Benz to Acquire WA Gold Projects from Spartan Resources Firm Commitments Received for A$4 Million Placement
Benz has signed an agreement to acquire the Glenburgh Gold Project and the Mt Egerton Gold Project from Spartan Resources Limited in Western Australia. This acquisition will transform Benz into a multi-jurisdictional gold-focused company. The Glenburgh project has a Mineral Resource Estimate of 16.3Mt at 1g/t Au for 510,100 ounces and the acquisition will complement Benz's existing high-grade resource at Eastmain. Benz plans to apply advanced geoscientific techniques to the projects, which have been underexplored. The acquisition will be funded by existing cash and investor placements, with Spartan becoming a strategic shareholder in Benz. Spartan's General Manager, Nick Jolly, will join Benz's board.
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Metals Creek Resources Corp. Announces Non-Brokered Private Placement
Metals Creek Resources Corp. plans to complete a non-brokered private placement of both flow-through and non flow-through units. The company intends to issue up to 14,285,715 flow-through units at $0.035 each, totaling up to $500,000. These units include flow-through common shares and half of a non flow-through common share purchase warrant, valid for 24 months. They also plan to issue up to 10,000,000 non flow-through units at $0.03 each, totaling up to $300,000. These units include non flow-through common shares and non flow-through common share purchase warrants, also valid for 24 months. The private placement is expected to close by November 30,
Geologica Updates Terms to Unit Financing
Geologica Resource Corp. has updated its proposed $300,000 financing plan from the issuance of units, with plans to issue 10,000,000 units at $0.03 each. Each unit consists of a share and half a warrant, which can be exercised for up to two years for $0.05. The company also plans to settle a $62,600 debt by issuing 1,252,000 shares at $0.05. Additionally, 400,000 shares will be issued to the CEO as late payment penalty, and 250,000 shares will be issued to the vendor of the Topley Property. The proceeds from the offering will be used for exploration on BC properties and general working capital.
Midnight Sun Receives Further Extension For Completion of Verification Report
Midnight Sun Mining Corp., a company focused on exploring the Solwezi Project in Zambia, has announced the completion of a planned site visit by inspectors from the Geological Survey Department of Zambia (GSD) regarding the company's Large Scale Exploration Licence. The Zambian Ministry of Mines and Minerals Development has granted an additional 14-day extension for GSD to complete their site verification report. The Solwezi Project is located in the Zambia-Congo Copperbelt, the world's second largest copper producing region.
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