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INTEGRA ANNOUNCES CONSISTENT SECOND QUARTER 2025 GOLD PRODUCTION RESULTS FROM FLORIDA CANYON MINE AND INCREASED CASH BALANCE TO US$63 MILLION
Prnewswire· 2025-07-17 10:30
Core Viewpoint - Integra Resources Corp. is experiencing positive operational performance at the Florida Canyon Mine, with significant cash flow generation and plans for substantial reinvestment to support long-term growth and profitability [2][3]. Operational Update - Florida Canyon Mine produced 18,086 ounces of gold and sold 18,194 ounces during Q2 2025, aligning with company expectations [3]. - The total ore mined was 3,075 kt, with a waste-to-ore strip ratio of 0.96 for the quarter [3]. - The company plans to invest over $55 million in Florida Canyon for sustaining and growth capital in 2025 [2]. Financial Position - As of June 30, 2025, the company reported cash and cash equivalents of $63 million [4]. Upcoming Events - The company will release its Q2 2025 financial results on August 13, 2025, followed by a conference call on August 14, 2025 [1][6].
AUGUSTA GOLD ANNOUNCES ACQUISITION BY ANGLOGOLD ASHANTI FOR C$1.70 PER SHARE
Prnewswire· 2025-07-16 09:58
Core Viewpoint - Augusta Gold Corp. has entered into a definitive merger agreement with AngloGold Ashanti, where AngloGold Ashanti will acquire all of Augusta Gold's outstanding shares at a price of C$1.70 per share, implying an enterprise value of approximately C$197 million [1][3][7] Summary by Relevant Sections Transaction Details - The acquisition price of C$1.70 per share represents a premium of approximately 28% over the closing price on July 15, 2025, and about 37% over the volume-weighted average share price over the preceding 20 trading days [7] - The transaction is expected to close in the fourth quarter of 2025, pending customary closing conditions and stockholder approval [3][4] - Augusta Gold will become an indirect wholly-owned subsidiary of AngloGold Ashanti, and its shares will no longer be publicly traded [3] Benefits to Stockholders - The offer provides immediate liquidity to Augusta Gold stockholders and eliminates future dilution, commodity price, development, and execution risks [7] - The transaction is supported by Augusta Gold's board, which unanimously recommends stockholders approve the agreement [4][5] Financial Aspects - The enterprise value of the transaction includes a fully-diluted equity value of approximately C$152 million and repayment of stockholder loans totaling around C$45 million as of March 31, 2025 [1] - National Bank Financial Inc. provided a fairness opinion stating that the consideration is fair from a financial perspective for Augusta Gold stockholders, excluding related parties [5][12] Governance and Support - Directors and certain executive officers of Augusta Gold, holding approximately 31.5% of the shares, have entered into voting support agreements to vote in favor of the transaction [4] - Augusta Gold intends to file relevant materials with the SEC and Canadian securities regulators, including a proxy statement for stockholder voting [8][9]
X @Bloomberg
Bloomberg· 2025-07-15 15:46
Barrick is in advanced talks to sell its last Canadian gold mine to Discovery Silver as the firms seek to capitalize on the soaring price of the precious metal https://t.co/InrzNPaypg ...
WESTERN COPPER AND GOLD PROVIDES UPDATE ON ESE SUBMISSION
Prnewswire· 2025-07-15 11:30
Core Viewpoint - Western Copper and Gold Corporation is advancing its Casino Project by submitting an Environmental and Socio-economic Effects Statement (ESE Statement) to the Yukon Environmental and Socio-economic Assessment Board (YESAB) by the end of October 2025, highlighting the project's commitment to sustainability and community engagement [1][2][4]. Group 1: Project Development - The ESE Statement includes extensive technical work, environmental and socio-economic baseline studies, and assessments [2]. - The company is in the final stages of compiling and refining the ESE Statement, indicating significant progress in the project [3]. - Western Copper and Gold Corporation is the first to undertake a Panel Review in the Yukon, which is the highest level of rigor for project assessment in the territory [4]. Group 2: Community Engagement - The company has achieved a high level of consultation with First Nations and local communities, which is enhancing the project's strength [2]. - The feedback from community engagement is being integrated into the project development process [2]. Group 3: Strategic Positioning - The Casino Project is positioned as one of Canada's largest and most advanced critical minerals projects, aligning with Yukon and Federal priorities around resource security and infrastructure development [4][5]. - The company emphasizes its commitment to responsible mining technologies and practices while collaborating with local communities [5].
GALIANO GOLD ANNOUNCES POSITIVE INITIAL DEEP DRILLING RESULTS AT ABORE INCLUDING 36m @ 2.5 g/t Au
Prnewswire· 2025-07-14 11:56
Core Insights - The Abore deep drilling program confirmed the continuity of mineralization 200m below the current Mineral Reserve, indicating potential for future resource expansion [1][2] - The program's results suggest that the mineralizing system remains open in all directions and carries sufficient grades and widths to support bulk underground mining development [1][2] Drilling Results - The completed deep drilling program consisted of four holes totaling 1,907m, successfully intersecting mineralized granite in all holes [1][2] - Notable intercepts include: - Hole ABDD25-350: 36.2m @ 2.5 g/t Au, including 22m @ 3.8 g/t Au [6][7] - Hole ABPC25-356: 16.1m @ 3.1 g/t Au [8] - The results build on previous drilling successes and confirm the presence of controlling structures and host lithologies below previously drilled areas [2] Infill Drilling Program - Following positive results from a Phase 1 drilling program, a Phase 2 infill drilling program has commenced to further test mineralization extensions below the boundaries of Abore's Mineral Reserve and Resource [3] Mineral Resource Estimates - Abore has current Measured and Indicated Mineral Resources of 638,000 ounces at 1.24 g/t Au and Inferred Mineral Resources of 78,000 ounces at 1.17 g/t Au, as of December 31, 2024 [4] Geological Context - The Abore deposit is located along the Esaase shear corridor and is characterized by a sedimentary sequence intruded by granite, with mineralization primarily constrained to the granite [5]
马里政府没收巴里克矿业价值1.17亿美元黄金
news flash· 2025-07-10 20:40
Core Viewpoint - The Malian government has seized over $117 million worth of gold from Barrick Gold, escalating ongoing disputes between the government and the company [1] Group 1: Incident Details - Barrick Gold reported that a helicopter from the Malian government unexpectedly landed at its gold mine and confiscated over one ton of gold [1] - The value of the seized gold is approximately $117.2 million, calculated at a gold price of $3,324 per ounce [1] - Earlier in January, the Malian government also confiscated 3 tons of gold from Barrick Gold [1] Group 2: Background Context - The disputes between the Malian government and Barrick Gold began in 2023, when the cash-strapped military government demanded foreign investors to pay alleged back taxes and comply with a new mining law [1] - The new mining law grants the Malian government higher royalties and greater equity stakes in joint ventures [1] - Earlier this year, Barrick Gold had to close its Loulo-Gounkoto large gold mine after the Malian authorities blocked gold bar exports and detained senior employees [1]
X @Bloomberg
Bloomberg· 2025-07-10 20:08
Malian government helicopters landed unexpectedly at Barrick’s gold mine and seized more than a tonne of the precious metal, valued at around $117 million https://t.co/JDQJ01aZh1 ...
Barrick Mining: Still Upside For Gold
Seeking Alpha· 2025-07-09 13:08
Company Overview - Barrick Mining Corporation is a global leader in the exploration, mining, production, and sale of gold and copper, with a diverse portfolio of assets across four continents [1]. Investment Focus - The company emphasizes fundamental analysis and disciplined market research, targeting small-cap companies with strong fundamentals and growth potential, large-cap companies experiencing temporary setbacks, and stable companies with solid dividend yields and growth potential [1].
Sonoro Gold PROVIDES AN UPDATE ON THE ENVIRONMENTAL PERMIT (mia) FOR THE CERRO CALICHE GOLD PROJECT
GlobeNewswire News Room· 2025-07-09 12:00
Core Points - Sonoro Gold Corp. has submitted a revised Environmental Impact Statement (MIA) for its Cerro Caliche gold project in Sonora, Mexico, to optimize the project's footprint and enhance social and environmental stewardship [1][2] - The revised MIA reflects the company's commitment to meet high social and environmental standards while bringing the Cerro Caliche project into production [2][3] - The company holds 100% of the concession rights and surface rights for the Cerro Caliche project, which is essential for mining construction and operational activities in Mexico [4] Project Details - The Cerro Caliche project covers a 1,400-hectare property with a broadly mineralized low-sulphidation epithermal vein structure and over 25 gold mineralized zones identified [5] - An updated Mineral Resource Estimate (MRE) was filed in March 2023 based on 55,360 meters of drilled data, including 498 drill holes and 17 trenches [5] - A new Preliminary Economic Assessment (PEA) filed in October 2023 indicates a potential 9-year open pit, heap leach mining operation with an after-tax net present value (NPV5) of US $47.7 million at a gold price of US $1,800 per ounce, and US $77 million at US $2,000 per ounce, with internal rates of return (IRR) of 45% and 63% respectively [6][7] Management Commentary - Kenneth MacLeod, President and CEO of Sonoro, emphasized the extensive technical and environmental studies involved in the MIA permitting process, highlighting the company's commitment to the local community and compliance with Mexico's environmental requirements [3]
GALIANO GOLD PROVIDES NOTICE OF SECOND QUARTER 2025 RESULTS
Prnewswire· 2025-07-08 12:30
VANCOUVER, BC, July 8, 2025 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to announce it will release its second quarter ("Q2") 2025 financial and operational results after market close on August 13, 2025. The Company will host a conference call and webcast to review and discuss the Q2 results on August 14, 2025, at 7:30am PT. Conference Call Details Replay (available until August 21, 2025) Date: August 14, 2025 Local: 289-819-1450 Time: ...