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May 15, 2024
Caledonia Mining Corporation Plc: Increases in mineral resources and mineral reserves estimates at Blanket Mine, publication of Annual Report on Form 20-F and notice of a shareholder webinar_
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May 15, 2024
Reserves & Resources
Caledonia Mining Corporation Plc: Increases in mineral resources and mineral reserves estimates at Blanket Mine, publication of Annual Report on Form 20-F and notice of a shareholder webinar
 
ST HELIER, Jersey, May 15, 2024 (GLOBE NEWSWIRE) --  following the announcements of encouraging drilling results at Blanket Mine in Zimbabwe ("Blanket") on July 10, 2023 and January 30, 2024, Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce an increase to the mineral reso... Read more
May 15, 2024
Asset Sale
Lucapa sells stake in Mothae Diamond Mine
 
May 15, 2024 (Mining Review Africa) - Lucapa Diamond Company has reviewed its asset portfolio through the company’s newly restructured board of directors.The board is considering all options for the divestment of its 70% stake in Mothae and the company is discussing the options with the Government of the Kingdom of Lesotho, the 30% partner in the mine. Lucapa is finalising... Read more
May 15, 2024
Production Results
Griffin Mining Limited Announces 2023 Final Results
 
LONDON, UK / ACCESSWIRE / May 15, 2024 / Griffin Mining Limited ("Griffin" or the "Company") has today published its annual report and accounts for the year ended 31 December 2023 which will be available shortly on the Company's web site wwww.griffinmining.com and will be posted to shareholders on 28th May 2024.In 2023 the Company and its subsidiaries (toget... Read more
May 15, 2024
PEA
Silver Mountain Delivers Positive Preliminary Economic Assessment For Its Reliquias Project, Peru; Pre-Tax NPV 5% Of C$107 million, Pre-Tax IRR Of 57%...
 
Key Highlights – Preliminary Economic Assessment ("PEA")Pre-Tax Net Present Value ("NPV"), C$107 million1 at 5% discount rate, and Pre-Tax Internal Rate of Return ("IRR") of 57%After-Tax Net Present Value ("NPV"), C$85 million1 at 5% discount rate, and After-Tax Internal Rate of Return ("IRR") of 51%.Construction time of 10 monthsPayback Period of 1.8 yearsP... Read more
May 15, 2024
PEA
Alta Copper Announces Robust Economics for Cañariaco with US$2.3 billion After-Tax NPV and 24% IRR
 
VANCOUVER, BC / ACCESSWIRE / May 15, 2024 / Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ("Alta Copper" or "the Company") is pleased to announce attractive economics results from the 2024 Optimized Preliminary Economic Assessment ("2024 PEA") at its 100% owned Cañariaco Project ("Cañariaco" or the "Project"), a world class porphyry copper project, located 700 km nor... Read more
May 15, 2024
Acquisition
Excelsior Mining Announces Option Agreement with Nuton, a Rio Tinto Venture Proceeds to Stage 2
 
Phoenix, Arizona--(Newsfile Corp. - May 15, 2024) - Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) (FSE: 3XS) ("Excelsior" or the "Company") is pleased to announce that Nuton LLC ("Nuton"), a Rio Tinto venture has elected to proceed to Stage 2 of the existing Option Agreement (the "Agreement") (see Excelsior press release dated July 31, 2023). The purpose of the Agreement is ... Read more
May 15, 2024
Drill Results
ATEX Discovers New High-Grade Mineralization at Valeriano Intersecting 68 metres of 2.02% CuEq Within a Broader Intercept of 356 metres of 0.98% CuEq
 
Toronto, Ontario--(Newsfile Corp. - May 15, 2024) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce complete assay results for drill holes ATXD26 and ATXD17B, the fifth and sixth holes from its Phase IV drill campaign at the Valeriano Copper-Gold Project ("Valeriano" or the "Project") located in Atacama Region, Chile.Highlights include... Read more
May 15, 2024
Drill Results
C3 Metals Drills 79 Metres at 0.71% Copper and 0.49 g/t Gold (1.06% CuEq1) at Bellas Gate, Jamaica
 
Toronto, Ontario--(Newsfile Corp. - May 15, 2024) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce it has intersected 79.0m at 0.71% copper and 0.49 g/t gold (1.06% CuEq1) from 128m, including 46.0m at 0.95% copper and 0.69 g/t gold (1.45% CuEq1) at its Connors porphyry prospect in its 100%-owned Be... Read more
May 15, 2024
Mining Contract
CIMIC companies win $757 million BHP contract
 
May 15, 2024 (Australian Mining) - CIMIC Group companies Sedgman and CPB Contractors are set to undertake BHP’s Western Ridge Crusher project (WRC).WRC is a sustaining tonnes proposal for BHP’s Newman iron ore operations. It is located about 21km southwest of Newman in Western Australia.The project is expected to deliver an average of 25 million tonnes per annum (Mtpa... Read more
May 15, 2024
Financing
Pantoro full steam ahead at Norseman
 
May 15, 2024 (Australian Mining) - Pantoro has locked in a $100 million equity raising for the ramp up of its Norseman gold project in the eastern Goldfields region of Western Australia.The funds are being raised through the issue of 1.25 billion new shares in two tranches at $0.08 a piece.In addition to accelerating exploration and drilling at Norseman, the funds are also... Read more
May 15, 2024
Mining Contract
Dyno Nobel inks contract with BHP
 
May 15, 2024 (Australian Mining) - Dyno Nobel, a Incitec Pivot (IPL) subsidiary, has locked in a long-term contract extension with BHP Mitsubishi Alliance (BMA) in the Bowen Basin region in Queensland.The five-year contract will see Dyno Nobel supply its explosives products, technology solutions and services to BMA’s Goonyella, Saraji, Peak Downs and Caval Ridge mines... Read more
May 15, 2024
Construction
Aya Gold & Silver Reports Q1-2024 Results; Maintains Guidance; Zgounder Expansion on Track
 
MONTREAL, May 15, 2024 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA, OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce interim financial and operational results for the first quarter ended March 31, 2024. All amounts are in US dollars, unless otherwise stated.Q1-2024 HighlightsOperational and Financial:Silver production of 366,362 ounces (“... Read more
May 15, 2024
Permitting
Probe Gold Advances Environmental Permitting for Novador Project: Submits Detailed Project Description
 
TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce the official submission of the Detailed Project Description (DPD) for the Novador project to the Impact Assessment Agency of Canada (IAAC), the federal body accountable to the Minister of Environment and Climate Change. This f... Read more
May 15, 2024
Drill Results
Koryx Copper Intersects 338.61 Meters At 0.38% Cu Eq Including 230.61 Meters At 0.45% Cu Eq and Multiple 2 Meters Intersections Over 1.00% Cu Eq
 
VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) -- Koryx Copper Inc. ("Koryx" or “the Company") (TSX-V: KRY) announces the sixth batch of assay results from the current drill program at its Haib Copper project in southern Namibia.  The results from the latest three drill holes continue to confirm that the deposit can deliver high grades over substantial widths w... Read more
May 15, 2024
Asset Sale
Osino obtains Final Court Order approving Plan of Arrangement and Yintai obtains NDRC Approval
 
VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino" or the "Company") today announced that (i) it obtained on May 2, 2024 a final order from the Supreme Court of British Columbia approving the previously announced statutory plan of arrangement under Business Corporations Act (British Columbia), ... Read more
May 15, 2024
Financing
Canadian Critical Minerals Closes Financing
 
Calgary, Alberta--(Newsfile Corp. - May 15, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has closed a financing, consisting of 2,008,648 units ("Units") priced at $0.05 per Unit for proceeds of $100,432 (the "Offering"). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exerci... Read more
May 15, 2024
PEA
Cascadero Copper Announces Positive Preliminary Economic Assessment on the Taron Cesium Project in Argentina
 
Resource of 50,810 tonnes of contained Cesium23.85 Mt resource at a grade of 2,131ppm Cesium with significant potential to grow14+ year mine lifeStrong NPV based on conservative pricing of Cesium Formate - 20% increase in prices can produce almost four times the NPVNPV (10) (after-tax) of US$79M, with an IRR of 14% (after tax) and payback period less than five years o... Read more
May 15, 2024
Reserves & Resources
Updated Makuutu MRE contains over 126,000 tonnes of magnet rare earth oxides, 99,000 tonnes of heavy rare earth oxides
 
May 15, 2024 (Source: Ionic Rare Earths Limited)• Significant increase in Makuutu Mineral Resource Estimate (MRE) with Indicated Resource tonnage growing 28%, and total MRE tonnage increasing by 16%; • Updated Makuutu MRE contains approximately 126,000 tonnes of magnet Rare Earth Oxides1 (REOs), including approximately; - 86,000 tonnes of NdPr oxide; - 7,400 tonnes of DyTb oxid... Read more
May 14, 2024
Drill Results
Colibri Reports Drill Results of 56.4 Metres of 1.0 g/t Gold - Including 9.2 Meters of 5.3 g/t Gold at 4-T Target on the Pilar Gold and Silver Project in Sonora
 
Dieppe, New Brunswick--(Newsfile Corp. - May 14, 2024) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has announced the results from the initial four of fifteen holes drilled to date in the ongoing Phase 4 RC drill program. Hol... Read more
May 14, 2024
Financing
Contango Announces Earnings for Quarter Ended March 31, 2024
 
May 14, 2024 04:45 PM Eastern Daylight TimeFAIRBANKS, Alaska--(BUSINESS WIRE)--Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American: CTGO) announced today it filed its Form 10-Q for the quarter ended March 31, 2024 with the Securities and Exchange Commission.The Company reported a net loss of $20.5 million or a loss of $2.14 per basic and diluted share for the three ... Read more
May 14, 2024
Construction
Aris Mining Reports Q1 2024 Results With Segovia Generating $13.8 Million In Operating Cash Flow
 
VANCOUVER, BC, May 14, 2024 /CNW/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces its full financial and operating results for the three months ended March 31, 2024 (Q1 2024). Aris Mining previously released Q1 2024 production results and announced that it is on track to deliver full-year 2024 guidance while i... Read more
May 14, 2024
Drill Results
i-80 Gold Releases High-Grade Results from Underground Drilling at Granite Creek
 
Including 22.0 g/t Au over 29.0 m, 18.4 g/t Au over 14.4 m & 60.5 g/t Au over 4.1 mRENO, Nev., May 14, 2024 /CNW/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to announce additional high-grade results from the ongoing drill program to define mineralization in the upper part of the Sout... Read more
May 14, 2024
Mining Contract
SilverCrest Reports First Quarter 2024 Financial Results
 
Financial and Operational Flexibility Continue to Drive Strong ResultsTSX: SIL | NYSE American: SILVVANCOUVER, BC, May 14, 2024 /CNW/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce its financial results for the three months ended March 31, 2024 ("Q1, 2024"). This release provides additional operational result... Read more
May 14, 2024
Drill Results
Mandalay Successfully Depth Tests the Björkdal Norrberget Gold Deposit Intercepting 13.3 g/t Gold Over 5.5 Meters
 
TORONTO, May 14, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces an exciting extension within the Eastern Prospect - the Norrberget deposit - and provides an update on the Vidmyran exploration target drilling program.  Both areas are located approximately 6 km east from the Björkdal mine. Thi... Read more
May 14, 2024
Commenced Production
Hochschild Mining PLC: Commercial Production Achieved at Mara Rosa
 
May 14, 2024 (Source: Hochschild Mining PLC)  Hochschild Mining PLC (HOC.LN) (OTCMKTS: $HCHDF) ("Hochschild" or "the Company") is pleased to announce that commercial production has been achieved at the Company's Mara Rosa gold mine in Brazil, effective 13 May 2024. During May, the Mara Rosa processing plant has operated at an average throughput of appro... Read more
May 14, 2024
Acquisition
Polymetals Resources: A new Queensland mine Endeavour
 
May 14, 2024 (Australian Mining) - Polymetals Resources will revive the Endeavour silver–zinc–lead mine near Cobar in New South Wales after taking over the reins from Toro Zinc subsidiary CBH Resources.The acquisition was a revision of an offer Polymetals first made in 2022 through its subsidiary, Cobar Metals.Under the original Endeavor share sale agreement, Cobar Metals ... Read more
May 14, 2024
Acquisition
Why Anglo rejected BHP’s revised takeover
 
May 14, 2024 (Australian Mining) - Anglo American has rejected another takeover bid from BHP despite a 15 per cent increase on the previous offer. So, what now? Australian Mining investigates.The latest offer, announced on Monday, valued each Anglo share at 0.8132 BHP shares, up from 0.7097 BHP shares proposed in April.Anglo swiftly rejected the proposal, wh... Read more
May 14, 2024
Mining Contract
Agnico Eagle and Traditional Owners ink “historic” mining agreement
 
May 14, 2024 (Australian Mining) - Agnico Eagle and the Dja Dja Wurrung Clans Aboriginal Corporation (DJAARA) have signed a mining agreement acknowledging the Dja Dja Wurrung People as the Traditional Owners of the Fosterville gold mine.The agreement is called Bakaru Wayaparrangu, which means “in the middle, we all meet” in Dja Dja Wurrung language.Agnico Eagle said the ag... Read more
May 14, 2024
Drill Results
First Phosphate Confirms Another High Grade Intersect of 11.85% Igneous Phosphate Across 84 Metres Starting from Surface at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada
 
Saguenay, Quebec--(Newsfile Corp. - May 14, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to report results from another 29 drill holes at its Bégin-Lamarche project located in Saguenay-Lac-St-Jean, Quebec, Canada. The Company's 25,929 m drill program was completed ahead of schedule on April 29, 2024. To date, ... Read more
May 14, 2024
Financing
Silver Bullet Mines Announces Closing on Debenture
 
Burlington, Ontario--(Newsfile Corp. - May 14, 2024) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') is pleased to announce it has closed on the Debenture financing announced April 8, 2024. Please see that press release for the characteristics of the Debenture. The amount closed upon is $940,000.Cash commissions of $6,450 were paid and 53,750 b... Read more
May 14, 2024
Drill Results
Intrepid Metals Intersects Shallow Mineralization of 72.20 Meters of 1.28% Copper Within 198.00 Meters of 0.68% CuEq During Its Initial Drill Program at Its Corral Copper Property in Arizona
 
Additional highlights include:198.00 meters ("m") of 0.68% Copper Equivalent ("CuEq")1 (0.56% Copper ("Cu"), 0.12 grams per ton ("gpt") Gold ("Au") and 4.35 gpt Silver ("Ag")) from 10.00 to 208.00m in Hole CC24_016 including,72.20m of 1.26% CuEq1 (1.28% Cu, 0.08 gpt Au and 3.16 gpt Ag)1.60m of 5.72% CuEq1 (5.30% Cu, 1.95 gpt Au and 11.20 gpt Ag).133.20m of 0... Read more
May 14, 2024
Drill Results
Alamos Gold Intersects Higher-Grade Mineralization within a New Zone Near Existing Infrastructure at Young-Davidson
 
TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from its underground exploration program at the Young-Davidson mine. Underground exploration drilling from the mid-mine intersected a new style of higher-grade gold mineralization in zones within the hanging wall of the Young-Davidson d... Read more
May 14, 2024
Asset Sale
De Beers Group comments on Anglo American strategy update
 
May 14, 2024 (Mining Review Africa) - Following the announcement by Anglo American regarding its intention to explore a range of options to separate the De Beers business, De Beers Group remains fully focused on delivering its strategy and creating value in the interests of all its stakeholders.Al Cook, CEO of De Beers Group, states:“We have led the diamond industry for mo... Read more
May 14, 2024
Feasibility Study
Troilus Announces Feasibility Study Results for the Gold-Copper Troilus Project: Outlines a Large Scale, 22-Year Open Pit Project in Tier-One Jurisdiction With USD$884.5 Million NPV(5%)
 
MONTREAL, May 14, 2024 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) (“Troilus” or the “Company”) reports results from a Feasibility Study (“FS” or the “Study”) completed on the gold-copper Troilus Project (the “Project”) located in northcentral Quebec, Canada. The Study incorporates an initial mineral reserve estimate (“MRE”) that supports a long life, large ... Read more
May 14, 2024
Reserves & Resources
Forsys Reports Updated Mineral Resource Estimate for its Norasa Project in Namibia
 
TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”)Forsys is pleased to provide an update for the Company’s Norasa Uranium project (“Norasa1”) which comprises the deposits of Valencia Main and East, (“Valencia”), under Mining Licence (ML-149) and Namibplaas (“Namibplaas”) under EPL-3638, (ML-251 pending... Read more
May 14, 2024
Reserves & Resources
Fury Updates Mineral Resources at Eau Claire, Increasing Measured and Indicated Gold Ounces By 36%, And Inferred Gold Ounces by 45%
 
VANCOUVER, BC / ACCESSWIRE / May 14, 2024 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to provide an updated Mineral Resource Estimate for the high-grade Eau Claire deposit as well as a Maiden Mineral Resource Estimate for the Percival deposit located in the Eeyou Istchee Territory of the James Bay region of Quebec. The Eau ... Read more
May 14, 2024
Drill Results
Tocvan Drills Biggest Intersect Outside of Main Zone to Date Returns 56.4 meters of 1.0 g/t Gold Near Surface, Including 9.2 meters of 5.3 g/t Gold
 
CALGARY, AB / ACCESSWIRE / May 14, 2024 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), is pleased to announce first drill results from its 2024 Reverse Circulation (RC) drill program at its road accessible Pilar Gold-Silver project in mine-friendly Sonora, Mexico. A total of 1,825.4 meters has been drilled to date in 15 drillholes.Results today ar... Read more
May 14, 2024
Construction
Calibre Continues Strong Progress at the Fully Funded Valentine Gold Mine; Construction 64% Complete, Engineering 98% Complete, Operational Leadership Hired, Pre-Commissioning Underway, On Track For Q2 2025 Gold Production
 
VANCOUVER, British Columbia, May 14, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce a construction and capital cost update on the Valentine Gold Mine (“Valentine” or “VGM”), located in the central region of Newfoundland & Labrador, Canada. All figures in Canadian Dollars (“C$”) unless otherwise stat... Read more
May 13, 2024
Construction
Ascot Reports First Quarter 2024 Results
 
VANCOUVER, British Columbia, May 13, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the Company’s unaudited financial results for the three months ended March 31, 2024 (“Q1 2024”), and also to provide a construction update on the Company’s Premier Gold Project (“PGP” or the “project”), located o... Read more
May 13, 2024
Commenced Production
Battery Mineral Resources Corp. Announces Resumption of Copper Concentrate Production at Punitaqui
 
VANCOUVER, BC / ACCESSWIRE / May 13, 2024 / Battery Mineral Resources Corp. (TSXV:BMR)(OTCQB:BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce the resumption of mill operations and first production of copper concentrates at its Punitaqui project in Chile.Martin Kostuik, Battery's CEO stated, "The commencement of copper concentrate production at Punit... Read more
May 13, 2024
Mining Contract
Horizon Minerals Ltd: Binding 200kt Toll Milling Agreement Executed With FMR Investments
 
May 13, 2024 (Source: Horizon Minerals Limited) Horizon Minerals Limited (ASX: HRZ) (“Horizon” or “the Company”) is pleased to announce that it has entered into a binding Toll Milling Agreement (“TMA”) with FMR Investments Pty Ltd (“FMR”) to treat 200kt of Horizon ore from the Cannon underground project, or other deposit, commencing in the December 2024 Quarter. HIGHLI... Read more
May 13, 2024
Suspension
TVI Pacific Announces Voluntary Suspension of Mining Operations at TVIRD's 100% owned GRC Siana Gold Mine
 
CALGARY, AB, May 13, 2024 /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) ("TVI" or "the Company") announces a voluntary suspension of mining operations at the Siana Gold Mine ("Siana") as a result of an unforeseen failure of the embankment of Tailings Storage Facility 3 (TSF3, the "Facility") that occurred on May 11, 2024.  Siana is owned a... Read more
May 13, 2024
Mining Contract
Lithium Americas Reports First Quarter 2024 Results
 
May 13, 2024 07:00 AM Eastern Daylight TimeVANCOUVER, British Columbia--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported its financial and operating results for the three months ended March 31, 2024 (“Q1 2024”) and has filed its condensed consolidated interim financial statements (“Financials”) and management’s di... Read more
May 13, 2024
Expansion
Element 25’s Butcherbird flies high
 
May 13, 2024 (Australian Mining) - Manganese developer Element 25 (E25) will accelerate activities for the planned expansion of its Butcherbird manganese project in Western Australia.E25 will focus on areas such as process optimisation, front-end engineering and design activities, project finance and permitting.The planned expansion was first outlined in the Butcherbird fe... Read more