Centerra Gold
Search documents
Metal Energy Planning 2026 Drilling on Its NIV Project, Toodoggone District, North-Central British Columbia
TMX Newsfile· 2026-02-26 11:00
Highlights:NIV's initial drill program scheduled to begin in June. First phase between 4,000 and 8,000 metres of drilling. Multiple deposit-scale target areas outlined.Fully funded for 2026 with approximately $10 million cash. Centerra Gold and Teck Resources each own 9.9% of Metal Energy.Toronto, Ontario--(Newsfile Corp. - February 26, 2026) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the "Company" or "Metal Energy") is pleased to provide the following update on its 2026 exploration program at its f ...
Centerra Gold (CGAU) - 2025 Q4 - Earnings Call Presentation
2026-02-20 14:00
TSX CG NYSE CGAU BUILDING A STRONG PLATFORM FOR FUTURE GROWTH Cautionary Statement on Forward Looking Information Fourth Quarter 2025 Results Conference Call & Webcast FEBRUARY 20, 2026 All statements, other than statements of historical fact contained or incorporated by reference in this document, which address events, results, outcomes or developments that the Company expects to occur are, or may be deemed to be, forward-looking information or forward-looking statements within the meaning of certain secur ...
Liberty Gold (OTCPK:LGDT.F) Conference Transcript
2026-02-11 17:02
Summary of Liberty Gold Conference Call Company Overview - **Company**: Liberty Gold (OTCPK: LGDT.F, TSX: LGD) - **Industry**: Precious Metals and Critical Minerals - **Key Asset**: Black Pine project located in Southeast Idaho Core Points and Arguments - **Development Stage**: Liberty Gold is transitioning from an explorer to a developer, focusing on the Black Pine project, which is seen as a foundational asset for the company [2][5] - **Resource Update**: A preliminary feasibility study indicates a resource of approximately 4.88 million ounces of oxide gold, with a mine life of 17 years and projected production of over 2 million ounces [4][14] - **Economic Metrics**: At a gold price of $2,000, the project has an NPV of over $500 million, with a payback period of three years and an IRR of 32%. The NPV could rise significantly with increasing gold prices, reaching up to $4 billion at $5,000 gold [21][30] - **Permitting Progress**: Liberty Gold has entered the FAST-41 federal permitting framework, which is expected to expedite the permitting process. The timeline anticipates a draft record of decision by late 2027 and a final decision by early 2028 [27][29] - **Funding Strategy**: The company is fully funded to advance the Black Pine project through feasibility and permitting, with a strong balance sheet and strategic shareholders, including Centerra Gold [7][9] Additional Important Information - **Management Team**: The management team includes experienced professionals with backgrounds in operations and capital markets, enhancing the company's strategic direction [6] - **Environmental Considerations**: The Black Pine project is located in a favorable area with no surface water, which mitigates environmental concerns related to aquatic species and allows for efficient mining operations [13][25] - **Future Catalysts**: Key upcoming milestones include the release of the definitive feasibility study in October 2026, further drilling results, and updates on the permitting schedule [12][31] - **Market Position**: The average analyst price target for Liberty Gold is CAD 3.45, indicating potential upside from the current trading price of CAD 1.46 [10] Conclusion Liberty Gold is positioned as a promising late-stage developer in the gold mining sector, with a strong asset in Black Pine and a clear path towards production. The company's strategic focus on permitting and funding, combined with favorable economic metrics, suggests significant upside potential as it advances towards construction and production phases.
铜冠金源期货商品日报-20260108
Tong Guan Jin Yuan Qi Huo· 2026-01-08 02:26
Report Industry Investment Rating No relevant content provided. Report's Core View - The main theme of cooling employment in the US remains unchanged, but the resilience of the service industry offsets the downward pressure. In the domestic market, the upward momentum of the A - share market has weakened, and the market has entered a stage of differentiated game. Precious metals are facing increased short - term adjustment pressure, while various industrial metals and agricultural products show different trends based on their respective fundamentals and market factors [2][3][5] Summary by Related Catalogs Macro - Overseas: In December, the US ADP employment number turned positive but was lower than expected. The JOLTS job openings in November dropped to a more - than - one - year low, and the number of job openings was lower than the number of unemployed for the first time in four years, indicating a slowdown in recruitment. However, the ISM service industry PMI in December rose to a more - than - one - year high of 54.4, with a significant rebound in new orders, driving a phased recovery in service - industry employment and a slowdown in price increases. The US dollar index rebounded to 98.7, and the upward momentum of metals paused. Oil prices continued to adjust [2] - Domestic: On Wednesday, the A - share market fluctuated widely, with the Shanghai Composite Index hitting 4100 points but failing to break through, closing at 4085 points, showing a marginal weakening of upward momentum. The broad - based index structure was differentiated, and the market entered a stage of differentiated game. In January, domestic economic data and policies are in a relatively empty period, and the market depends more on the self - evolution of capital structure and risk preference [3] Precious Metals - On Wednesday, precious metals futures showed high - level fluctuations during the day session. At night, the Shanghai Futures Exchange further tightened the supervision of silver futures, leading to a sharp decline in precious metal prices. The COMEX gold futures fell 0.65% to $4467.1 per ounce, and the COMEX silver futures fell 3.77% to $77.98 per ounce. The exchange continued to strengthen risk - control measures. The Bloomberg Commodity Index will conduct an annual weight rebalancing from January 8th to 14th, which may cause a "technical sell - off" by passive funds. Although the long - term bullish logic for precious metals remains unchanged, short - term adjustment pressure has increased [4][5] Copper - On Wednesday, the main contract of Shanghai copper continued to rise strongly, while LME copper adjusted to around $12800 last night. The domestic spot market for electrolytic copper had poor trading, and downstream buyers were hesitant due to high prices. The LME inventory decreased to 143,000 tons, while the COMEX inventory continued to rise to 512,000 tons. After copper prices hit a new high the day before, overseas funds' long - positions took profits and sold off. The high copper prices continued to suppress consumption in major demand countries. Fundamentally, the global concentrate remained in a tight pattern, and the shortage at the cost - end would support copper prices. It is expected that copper prices will maintain a high - level shock in the short term and enter a valuation - repair range [6][7] Aluminum - On Wednesday, the main contract of Shanghai aluminum closed at 24,410 yuan/ton, up 1.16%. The LME aluminum closed at $3083.5 per ton, down 1.61%. The electrolytic aluminum ingot inventory increased, and the aluminum rod inventory in the main domestic consumption areas also increased. After a significant increase, there was profit - taking. However, the weak employment data strengthened the market's expectation of the Fed's further easing policy, and the price rebounded at night. Fundamentally, the continuous and rapid increase in aluminum prices suppressed downstream demand, and the social inventory of aluminum ingots was expected to continue to accumulate. The market's long - positions showed signs of convergence, and there may be a need for price repair [8][9][10] Alumina - On Wednesday, the main contract of alumina futures closed at 2938 yuan/ton, up 4.97%. The national average spot price of alumina decreased by 1 yuan/ton. The market's macro sentiment and the expectation of alumina production cuts in January led to a rebound in the futures price first, resulting in a divergence between futures and spot prices and the appearance of an inter - period arbitrage window. Fundamentally, the supply - demand situation has not changed much recently, and the theoretical production capacity is still in excess. In the short term, the supply is still in excess, and a short - position thinking after the rebound is recommended, with attention paid to the resistance level around 3000 yuan/ton [11] Cast Aluminum - On Wednesday, the main contract of cast aluminum alloy futures closed at 23,035 yuan/ton, up 0.7. The rapid increase in cast aluminum prices has made downstream buyers hesitant, with most of them maintaining rigid - demand purchases. Some enterprises have production - cut plans, and the pre - Spring Festival stocking is slow, restricting consumption. The supply side is relatively stable due to the limitation of scrap aluminum. In the short term, the macro sentiment dominates, and cast aluminum is relatively strong, but the poor price transmission between upstream and downstream will put pressure on prices in the future [12] Zinc - On Wednesday, the main contract of Shanghai zinc fluctuated horizontally during the day and moved down at night, and LME zinc closed down. The spot market supply was limited, with high premiums. Downstream buyers were still hesitant due to high prices. The overall economic data in the US was mixed, the US dollar strengthened, and the enthusiasm of funds to go long cooled down, with the main contract reducing positions for adjustment. Fundamentally, the zinc - ore processing fee decline slowed down, and the supply of refined zinc increased month - on - month. Consumption remained in the off - season, and terminal orders were limited. It is expected that zinc prices will continue to fluctuate at a high level in the short term [13][14] Lead - On Wednesday, the main contract of Shanghai lead fluctuated strongly during the day and first declined and then rebounded at night, and LME lead fluctuated weakly. The spot market had limited circulating supply, and downstream enterprises generally adopted a wait - and - see attitude, mainly making long - term contract purchases. The US dollar strengthened, and lead prices adjusted with the reduction of positions in the non - ferrous metal sector. Fundamentally, the production of primary lead smelters increased slightly month - on - month, while the production of secondary lead smelters decreased slightly. The overall supply pressure was limited, and low inventory would support lead prices. It is expected that lead prices will remain at a high level in the short term [15] Tin - On Wednesday, the main contract of Shanghai tin continued to be strong during the day, once reaching the 360,000 - yuan line, and fluctuated horizontally at night, and LME tin fluctuated narrowly. Both at home and abroad maintained a wide - range expectation, providing a bullish atmosphere for commodities. The non - ferrous metal sector has been rising in rotation since the New Year. Fundamentally, the production of refined tin in January decreased slightly month - on - month, demand was in the off - season, and the negative feedback of high - price raw materials was expected to deepen. After the New Year's Day stocking benefits were realized, social inventory was expected to increase again. In the short term, the US economic data was mixed, the US dollar closed up, and Shanghai tin adjusted with a reduction of positions. Attention should be paid to high - level risks [16] Industrial Silicon - On Wednesday, the main contract of industrial silicon rebounded slightly. The supply side showed a marginal contraction, with the operating rate in Xinjiang remaining at around 90%, low production in the southwest region in the off - season, and limited overall increases in Inner Mongolia and Gansu. On the demand side, the supply of polysilicon was converging, and the inventory pressure of silicon - wafer enterprises was effectively relieved after production cuts. The production capacity of battery - cell enterprises did not show significant fluctuations, and the increase in silver prices was expected to drag down the production plan. The demand for components was weak near the end of the year. The social inventory of industrial silicon decreased to 553,000 tons last week, and it is expected that the futures price will maintain a relatively strong shock in the short term [17][18] Steel (Screw and Coil) - On Wednesday, steel futures rose. The short - term sharp rise in coking coal and coke drove the rise of steel prices. The supply and demand of steel were in a weak balance, with off - season demand suppressing and inventory reduction supporting, and the macro expectation was relatively positive. The supply and demand of rebar fluctuated at a low level and continued the de - stocking pattern, while the production of hot - rolled coil increased, and the de - stocking slowed down and remained at a high level. It is expected that the supply - demand pattern will remain weak, and attention should be paid to high - level risks [19] Iron Ore - On Wednesday, iron - ore futures rose. The supply side saw a surge in overseas miners' shipments at the end of the year, with global shipments hitting a new high for the year, and port inventories continued to accumulate, maintaining a loose supply. The demand side showed a slight decline in the blast - furnace operating rate of steel mills, and pig - iron production hovered at a low level, with low factory inventories. The short - term strong performance of coking coal and coke provided support, and the futures price was relatively strong [20] Coking Coal and Coke - On Wednesday, coking coal and coke futures hit the daily limit and continued to rise sharply at night. The news that Yulin City removed 26 coal mines from the coal - supply guarantee list and reduced the production capacity by 19 million tons, combined with multiple factors such as positive macro - policy expectations, steel mills' winter - storage replenishment demand, and capital - sector rotation, drove the strong rise of coking coal and coke futures. However, the fundamental support was limited. Currently, domestic coal production has recovered after the holiday, and the inventory of imported coal is high, while the inventory pressure of downstream finished products is high in the off - season, restricting the upward space of prices. In the short term, strong expectations dominate, and prices may maintain a relatively strong shock pattern, but the risk of chasing high is relatively large [21] Soybean and Rapeseed Meal - On Wednesday, the soybean - meal 05 contract closed up 1.74% at 2811 yuan/ton, and the rapeseed - meal 05 contract closed up 1.72% at 2419 yuan/ton. The precipitation in the Argentine production area has continuously improved, and the crop conditions in the South American production areas are good. Currently, soybeans and soybean meal are in a high - inventory situation, and the suspension of the state - reserve imported - soybean auction and the expected decrease in future soybean arrivals may accelerate inventory depletion, with tight - supply expectations providing support. The basis is strong, and the spot price is stable with a slight increase. Combined with the strong bullish sentiment in the commodity market, long - position funds entered the market, and the soybean - meal 05 contract broke through the short - term resistance range. It is expected that soybean and rapeseed meal will fluctuate strongly in the short term [22][23] Palm Oil - On Wednesday, the palm - oil 05 contract closed up 0.66% at 8562 yuan/ton. The production of palm oil in Malaysia decreased by 4.64% in December. Indonesia plans to confiscate 4 - 5 million hectares of oil - palm plantations in 2026, which may disrupt production and push up prices. The US economic data showed that demand is relatively stable, and the US dollar index fluctuated and closed up. The market is waiting for the report's guidance, and it is expected that palm oil will fluctuate within a range in the short term [24][25]
Pacific Empire Provides 2025 Year-End Corporate Update and Outlines 2026 Strategy Focused on Mineral Systems-Scale Exploration at Trident and Pinnacle
TMX Newsfile· 2026-01-05 12:30
Core Insights - Pacific Empire Minerals Corp. provided a year-end corporate update highlighting key milestones achieved in 2025 and strategic priorities for 2026 [1] - The company completed a six-hole diamond drilling program at its Trident Project, supporting its exploration thesis and laying the groundwork for future evaluations [1][8] Historical Context - The company was founded in 2014 and initially focused on the Trident-Pinnacle land position, facing challenges in consolidation and structural constraints [2] - Between 2016 and 2022, Pacific Empire adopted a prospect generator business model, advancing multiple projects and enhancing in-house drilling capabilities [2] - In 2022, the company successfully acquired the Col property, allowing for the full consolidation of its original land position [2] Exploration Strategy for 2026 - Pacific Empire plans to advance exploration activities at both the Trident and Pinnacle projects through diamond drilling programs, viewing them as part of a single, district-scale mineral system [3][9] - The company aims to secure a long-term capital partner to support sustained exploration activities through 2026 and into 2027 [4] Geological Insights - The Trident-Pinnacle land position is characterized by significant geological features and evidence of porphyry-style mineralization, which supports the company's exploration strategy [8][11] - The presence of placer gold within the Klawli River corridor further reinforces the potential for mineralization at a district scale [8] Operational Developments - The company has consolidated its land position, with all claims in good standing through December 31, 2029, allowing for a focused exploration approach [2][10] - Improved access to the Pinnacle project through a new network of logging roads is expected to enhance cost-effective drill support [15]
Centerra Gold: Robust Free Cash Flow In Sight To Enhance Shareholder Value (Rating Upgrade)
Seeking Alpha· 2025-12-25 15:36
Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Group 1 - The author, Alberto, possesses a Master's degree in Business Economics and has a strong managerial and economic background, which enhances his analytical capabilities [1]. - The investment strategy described is adaptable, catering to different types of stocks across all sectors, making it relevant for a wide range of investors [1].
Dryden Gold Sets the Stage for 2026 Exploration Campaign
TMX Newsfile· 2025-12-17 11:00
Core Insights - Dryden Gold Corp. has reported a successful year in 2025, achieving its exploration goals and preparing for an ambitious 2026 program [1][3] 2025 Exploration Highlights - The company established a strategic partnership with Centerra Gold and set up its own core facility, enhancing its geological team with expert advisors [3] - Dryden Gold made its final property payment to Alamos Gold for full ownership of the Upper and Lower Manitou portions [3] - The company received three exploration permits, allowing further testing on the Elora Gold System and initial testing on priority targets Sherridon and Hyndman [3] Drilling and Discoveries - The 2025 drill program tripled the mineralized footprint at the Gold Rock target area, with significant gold intersections including 301.67 g/t over 3.90 meters and 1,930 g/t over 0.60 meters [4] - A two-kilometer step-out drill program at the Mud Lake target area was completed, involving mapping and surface sampling [5] - High-grade surface channel samples from Hyndman included 23.32 g/t gold over 2.80 meters, leading to a positive drill decision for 2026 [6] Financial and Operational Developments - The company completed a $7.8 million equity financing, funding an initial $6 million for the 2026 exploration campaign [12] - The stock price increased over 200% within a 52-week range of $0.105 to $0.39 [12] - Dryden Gold maintained low all-in drilling costs at C$250 per meter and received the Ontario Junior Exploration Grant [12] Future Plans - The company aims to continue expanding the Gold Rock target area and test for periodicity in mineralization at the Mud Lake target [12] - Initial drilling at Hyndman and follow-up drilling at Sherridon are planned as part of the 2026 exploration program [12] - Dryden Gold will participate in upcoming investor forums to enhance its marketing efforts [7]
Pacific Empire Intersects 183.0 Metres of 1.23% CuEq Starting at 9.0 Metres, Including 71.5 Metres of 1.80% CuEq at Trident A Zone, British Columbia
TMX Newsfile· 2025-12-15 20:35
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company"), a copper-gold explorer based in British Columbia, is pleased to announce initial assay results from the upper portion of the first hole of its 2025 winter diamond drilling program at the Trident copper-gold project in north-central British Columbia. These initial results, which represent only the upper portion of Hole DD25-TRI-001, demonstrate broad, ne ...
Liberty Gold (OTCPK:LGDT.F) Conference Transcript
2025-12-10 18:17
Summary of Liberty Gold Conference Call - December 10, 2025 Company Overview - **Company**: Liberty Gold (OTCPK:LGDT.F) - **Focus**: Development of oxide gold projects in the U.S. Great Basin, transitioning from an exploration company to a developer [2][4][5] Key Points Industry Context - **Mining Lifecycle**: Discussion of the Lassonde Curve, illustrating the mining industry's phases from exploration to production, highlighting the "orphan period" where share prices may stagnate [3][4] - **Oxide Gold Mining**: Emphasis on the advantages of oxide gold projects, which allow for simpler, more environmentally friendly processing compared to sulfide gold mining [6][7] Project Development - **Black Pine Asset**: Located in southern Idaho, identified as a significant opportunity for share price appreciation as the company transitions to a developer [5][12] - **Pre-feasibility Study**: Conducted in October last year, indicating a resource of nearly 5 million ounces and a reserve of 3 million ounces, with potential for growth [14][15] - **Economic Metrics**: At a gold price of $2,000, the project has an NPV of $500 million, with a payback period of about one year and an IRR in the triple digits [16][17] Financial Position - **Cash Position**: As of the last filing, Liberty Gold had $32 million in cash, bolstered by a $20 million investment from Centerra Gold, which holds a 9.9% stake [10][11] - **Warrants**: Upcoming warrants due in May 2026 and April 2027, with a current share price around CAD 0.80, indicating potential for additional capital [11] Environmental and Community Considerations - **Water Rights**: Secured water rights from local farmers, ensuring no new water extraction from the basin, which is a significant environmental advantage [13][20] - **Community Support**: Strong community backing due to responsible water management practices [20] Future Plans and Timeline - **Feasibility Study**: Expected to be published in October next year, with detailed engineering and project financing to follow [26][28] - **Permitting Process**: Anticipated to receive a notice of intent in Q1 2026, with a decision expected by late 2027, allowing for construction to begin in Q1 2028 [27][33] Additional Assets - **Goldstrike Asset**: Currently on hold while confirming water supply, with plans to potentially spin off the antimony mineralization into a separate entity [12][31][32] Other Important Insights - **Technical Team**: Strong in-house technical team with experience in oxide gold projects, enhancing the company's development capabilities [8][9] - **Market Position**: Liberty Gold is positioned uniquely in the Great Basin, with no other similar-sized projects not held by major companies, presenting a significant growth opportunity [29] This summary encapsulates the key aspects of Liberty Gold's conference call, highlighting the company's strategic direction, project details, financial health, and future outlook in the mining industry.
Sun Summit Announces the Completion of the Inaugural 2025 Exploration Program at the Theory Project, Toodoggone Mining District
Newsfile· 2025-10-22 11:00
Sun Summit Announces the Completion of the Inaugural 2025 Exploration Program at the Theory Project, Toodoggone Mining DistrictOctober 22, 2025 7:00 AM EDT | Source: Sun Summit Minerals Corp.Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce the 2025 exploration program has been completed at the Theory Project, Toodoggone Mining District, north-central British Columbia (t ...