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Labrador Gold Advises Shareholders of Deficiencies in Dissident’s Gold Proxy
Globenewswire· 2026-02-05 18:21
Core Viewpoint - Labrador Gold Corp. has identified significant deficiencies in the proxy materials submitted by Coloured Ties Capital Inc., urging shareholders to vote exclusively using the BLUE Proxy to ensure their votes are counted at the upcoming Annual General and Special Meeting on February 24, 2026 [1][5][6]. Group 1: Proxy Materials and Voting - The proxy materials from the Dissident contain material deficiencies that mislead shareholders and undermine their ability to make informed decisions regarding LabGold's future [2][3]. - LabGold emphasizes that the Dissident's Gold Proxy does not accurately reflect the terms of the Requisition and has omitted LabGold's nominees, creating confusion for shareholders [3][4]. - Shareholders are strongly encouraged to disregard any Gold Proxy received from the Dissident and to vote only using the BLUE Proxy or BLUE Voting Instruction Form to ensure their votes are counted [5][8]. Group 2: Corporate Governance and Strategy - The BLUE Proxy and BLUE VIF align with the LabGold Board of Directors' unanimous recommendations, supporting the Corporation's long-term strategy, including the Change of Business and the election of qualified nominees [6]. - The Dissident's actions are characterized as a self-serving campaign aimed at gaining control of the company without offering a premium to all shareholders, which poses significant risks to LabGold's value [2][4]. Group 3: Company Overview - Labrador Gold Corp. is a Canadian mineral exploration company focused on acquiring and exploring gold projects in Eastern Canada, with notable properties such as the Hopedale property and the Borden Lake project [13][14][15].
Metals Creek Expands High-Grade Mineralization at Naybob West in Timmins, Ontario
Newsfile· 2025-10-28 11:30
Core Insights - Metals Creek Resources Corp. announced high-grade assay results from the Naybob West Zone, located 400m from the past-producing Naybob Gold Deposit on the Ogden Gold Project in Timmins, Ontario [1][5]. Exploration and Results - A second phase of prospecting/mapping was conducted in late September, following a previous program that identified a broad zone of alteration with quartz stockwork over a minimum width of 30m, returning high-grade gold assays ranging from 0.267 g/t to 7.59 g/t Au [2][3]. - Phase II focused on increasing sample density and expanding mineralization along strike, collecting 17 samples that returned gold mineralization ranging from 0.054 g/t to 12.3 g/t Au, with mineralization remaining open to the east and west [3][7]. - A flexure in the Naybob West zone indicates a change in orientation from easterly to north-easterly, which is considered highly prospective for gold mineralization in the Timmins Gold Camp [3]. Future Plans - Management is in the early stages of planning a trenching program to further evaluate the orientation of the mineralization zone and expand it along strike [4]. Project Overview - The Ogden Gold Project is an exploration-stage project within the Timmins Gold Camp, covering 8km of strike length of the Porcupine-Destor Break, a key conduit for gold mineralization [5][10].
NEM Unlocks Value From Asset Sales: Will This Support Capital Plans?
ZACKS· 2025-07-17 14:31
Core Insights - Newmont Corporation (NEM) has sold shares in Greatland Resources Limited and Discovery Silver Corp for approximately $470 million after taxes and commissions, simplifying its investment portfolio and generating additional cash [1] - The company completed its non-core divestiture program in April 2025, expecting to generate $3 billion in after-tax cash proceeds from its divestiture program, which will support its capital allocation strategy [2][8] - Newmont's asset streamlining aims to concentrate capital on high-return, long-life assets, resulting in a $1 billion reduction in gross debt and a record first-quarter free cash flow of $1.2 billion [3] Financial Performance - Newmont's shares have increased by 57% year to date, outperforming the Zacks Mining – Gold industry's rise of 50.5%, largely due to a rally in gold prices [7] - The Zacks Consensus Estimate for NEM's earnings in 2025 and 2026 indicates a year-over-year rise of 31.3% and 6.7%, respectively, with EPS estimates trending higher over the past 60 days [10] Strategic Focus - The divestments allow Newmont to invest in key growth projects such as Tanami Expansion 2 in Australia, Ahafo North expansion in Ghana, and Cadia Panel Caves in Australia, aimed at boosting production capacity and extending mine life [4][8] - Newmont is well-positioned to meet its 2025 targets, continuing to deliver robust free cash flow from its high-quality, long-life asset portfolio [4] Competitive Landscape - Other companies in the industry, such as Barrick Mining Corporation and Kinross Gold Corporation, have also streamlined their portfolios by divesting non-core assets to focus on high-quality projects [5][6]
Newmont Declares Monetization of Equity Received Through Divestitures
ZACKS· 2025-07-16 14:42
Core Insights - Newmont Corporation (NEM) has executed agreements to sell its shares in Greatland Resources Limited and Discovery Silver Corp, generating total cash proceeds of approximately $470 million after taxes and commissions [1][10] - This divestiture aligns with Newmont's strategy announced in February 2024 to focus on high-quality, core assets, simplifying its investment portfolio while enhancing cash flow [2][10] - Newmont is positioned to meet its 2025 targets, expecting to generate $3 billion in after-tax cash proceeds from its divestiture program, which will support its capital allocation strategy [3] Divestiture Details - Newmont agreed to sell half of its shares in Greatland in June 2025, with a remaining equity stake of about 9.9% post-sale [4] - The sale of Discovery shares will occur in two phases in May and July 2025, as part of the consideration for the divestment of the Porcupine mine [5] Financial Performance - Newmont's shares have increased by 18.9% over the past year, compared to a 32% rise in the industry [6] - The company anticipates gold production of approximately 5.9 million ounces for 2025, with costs applicable to sales (CAS) projected at $1,200 per ounce and all-in-sustaining costs (AISC) at $1,630 per ounce [7]
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 ...
Gold Royalty(GROY) - 2024 Q4 - Earnings Call Presentation
2025-03-20 23:48
Alastair Still, P.Geo., the Director of Technical Services of the Company, is a qualified person as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and subpart 1300 of Regulation S-K ("SK1300") and has reviewed and approved the scientific and technical information contained herein. Fourth Quarter 2024 Results March 20, 2025 goldroyalty.com / NYSE: GROY Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation includes ...