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[Video Enhanced] Argenta Silver Step-out Hole Hits High-Grade Silver as Atenea Exploration Target Comes into Focus
Thenewswire· 2025-09-26 18:15
 Vancouver, BC – September 26, 2025 – TheNewswire - Global Stocks News - Sponsored content disseminated on behalf of Argenta Silver. On September 23, 2025, Argenta Silver (TSXV: AGAG) (OTCQB: AGAGF) (FSE: T1K) reported the 3rd batch of assay results from its 2025 winter diamond drilling program at the 100% owned El Quevar Project in Salta Province, Argentina.The El Quevar project was purchased for USD 3.5 million in October, 2024 after the previous operator sold numerous assets to resolve “urgent liquidity ...
Pan American Silver Reports Discovery of Multiple High-Grade Silver, Base Metal Zones at La Colorada Mine in Mexico
Yahoo Finance· 2025-09-19 04:21
Pan American Silver Corp. (NYSE:PAAS) is one of the best Canadian stocks to buy now. On September 8, Pan American Silver Corp. reported the discovery of multiple high-grade silver and base metal zones at its La Colorada mine in Zacatecas, Mexico. The results from the exploration program, which drilled ~65,000 metres across 170 holes from November 2024 to June 2025, indicate strong potential for resource expansion and improved economics. The exploration extended the NC2 and Mariana vein systems eastward. T ...
Osisko Gaspé Expansion Hole Intersects 133.7 Metres Averaging 1.04% Cu
Globenewswire· 2025-09-18 10:00
Core Insights - Osisko Metals has announced new drill results from the Gaspé Copper Project, indicating significant growth potential in the deposit with high-grade results from recent drilling [1][2][4] Summary by Category Drill Results - New analytical results include 26 mineralized intercepts from six new drill holes, with infill intercepts aimed at upgrading inferred mineral resources to measured or indicated categories [4][5] - Drill hole 30-1110 returned 1091.5 metres averaging 0.20% Cu, 1.52 g/t Ag, and 0.017% Mo (0.28% CuEq), confirming continuity of mineralization [13][7] - Drill hole 30-1109 showed 133.7 metres averaging 1.04% Cu, indicating a higher-grade zone [7][11] - Drill hole 30-1106 revealed a higher-grade interval of 33.8 metres averaging 1.04% Cu and 3.60 g/t Ag [10][12] Mineral Resource Expansion - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and test for expansion deeper into the stratigraphy [17][16] - The Gaspé Copper Project hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq [26][29] Geological Context - Mineralization at Gaspé Copper is of porphyry copper/skarn type, characterized by disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite [15][19] - The drilling has identified multiple intersections of mineralized material, suggesting a "layer cake" distribution from surface to significant depths [9][10] Future Outlook - The company plans to include potential depth extensions to the deposit in the next scheduled MRE update in Q1 2026, focusing on areas previously under-drilled [17][16] - Historical drilling data suggests the potential for a higher-grade tabular deposit around the E Zone horizon, which may extend eastward [12][2]
First Majestic (AG) Reports Positive Exploration Results At San Dimas
Yahoo Finance· 2025-09-12 07:35
Group 1 - First Majestic Silver Corp. (NYSE:AG) is recognized as one of the best silver mining stocks to buy according to hedge funds, highlighting its strong market position [1] - The company reported positive exploration results from its San Dimas Silver/Gold Mine in Durango, Mexico, following expanded drilling efforts that intersected high-grade silver and gold mineralization [1][2] - The Coronado vein, recently discovered in the West Block, produced a significant high-grade intercept, indicating the potential for new mineral resources [1][2] Group 2 - San Dimas is a key asset in First Majestic's long-term expansion strategy, with ongoing drilling campaigns expected to enhance resource expansion [2] - The discovery of the Coronado vein contributes positively to the mineralization profile of the district, reinforcing the mine's status as a superior asset [2]
Black Pine Oxide Gold Project, Idaho - Liberty Gold’s Drill Success Signals Resource Growth Potential at Rangefront
Globenewswire· 2025-09-04 10:00
Core Viewpoint - Liberty Gold Corp. reports positive results from its 2025 drill program at the Black Pine Oxide Gold Project, indicating significant potential for resource expansion and reserve conversion, particularly in the Rangefront zone [1][4][5] Group 1: Drill Results - Drill intercepts include LBP1099 with 1.27 g/t Au over 22.9 meters and LBP1124 with 0.62 g/t Au over 53.3 meters, both outside the Resource pit [1] - The first 28 reverse circulation (RC) holes in the Rangefront area, totaling 6,506 meters, all show economic oxide gold mineralization [5] - The Rangefront area is defined as a 1,500 x 1,200 x 300 meters zone of continuous oxide gold mineralization, with a Preliminary Feasibility Study resource estimate of 1,619,000 Indicated and 296,000 inferred ounces of gold [6] Group 2: Future Plans and Potential - An additional 12,000 meters of drilling in approximately 50 holes is planned for Rangefront in 2025, with the current drill program focused on upgrading resource categories and supporting mine design [5][9] - The Rangefront area is seen as a strategic starter location for initial mining operations, with potential for 2 to 3 million ounces of gold, likely larger than the Discovery Zone [4] - New drill results suggest the possibility of converting over 250,000 ounces of gold in Resources to Reserves, enhancing the project's overall viability [7] Group 3: Technical Aspects - Metallurgical column leach testing shows a weighted average gold extraction of 86.9% from the Rangefront mineralization, indicating favorable leach performance [6] - The drill program includes generating data for metallurgical, hydrological, and geotechnical studies to support mine design and permitting [5] - The company is also conducting resource conversion drilling in the Discovery Zone and CD Pit areas, with assays results pending on 10 holes [9]
Xtra-Gold Expands Gold Mineralization Along Strike and at Depth at the Orange No. 5 Resource Expansion Target, Kibi Gold Project, Ghana
Newsfile· 2025-08-26 13:00
Xtra-Gold Expands Gold Mineralization Along Strike and at Depth at the Orange No. 5 Resource Expansion Target, Kibi Gold Project, GhanaAugust 26, 2025 9:00 AM EDT | Source: Xtra-Gold Resources Corp.Toronto, Ontario--(Newsfile Corp. - August 26, 2025) - Xtra-Gold Resources Corp.  (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company"), is pleased to announce further positive assay results for an additional 42 diamond core drillholes totalling 8,207.5 m from its current resource expansion targe ...
Fortuna(FSM) - 2025 Q2 - Earnings Call Transcript
2025-08-07 17:00
Financial Data and Key Metrics Changes - The company reported a net income attributable to Fortuna of $42.6 million or $0.14 per share, a 380% increase compared to Q2 2024, driven by higher metal prices and an increase in gold sold [30][31] - Liquidity increased to $537 million, up $76 million from the previous quarter, primarily due to $84 million in proceeds from mine sales [9][10] - Free cash flow from operations was $57.5 million, down from $66 million in Q1, mainly due to the timing of tax payments [10][34] - The average realized gold price was $3,306 per ounce, a 14% increase from Q1 [11] Business Line Data and Key Metrics Changes - Consolidated gold equivalent production for the period was 75,950 ounces, with gold production from continuing operations at 71,229 ounces, slightly above the previous quarter [12] - At the Seguela mine, production was 38,186 ounces, consistent with the prior quarter and exceeding the mine plan [18] - Lindero produced 23,450 ounces of gold, marking a 16% increase over Q1, with an all-in sustaining cost (AISC) of $17.83 per ounce, a 6.7% reduction from the previous quarter [23][24] Market Data and Key Metrics Changes - The indicated resource at the Ambassador project in Senegal grew by 53%, and inferred resources increased by 93%, totaling a combined 1 million ounces [7] - The company’s cash cost per ounce was $929, up 7% from Q1, primarily due to the gold to base metal ratio at the Caylloma mine [12][31] Company Strategy and Development Direction - The company aims to rebuild production to 5 million ounces per year, focusing on higher margin, longer life, and lower risk ounces [6][16] - The sale of the San Jose and Yaramoko mines generated $84 million in gross proceeds and allowed the company to redirect capital towards high-value growth opportunities [15] - The company is actively pursuing greenfield and brownfield exploration opportunities, with a total exploration budget of $51 million for 2025, up from $41 million in 2024 [74][75] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company’s growth potential, highlighting a robust balance sheet with $537 million in liquidity and $215 million in net cash [7][9] - The company is well-positioned for strong growth in 2026, with ongoing investments in the Seguela and Ambassador projects [16][60] - Management noted that the elevated AISC is a temporary effect related to capital expenditures and waste stripping, with expectations for costs to decrease in the latter half of the year [13][37] Other Important Information - The company achieved a record of 7.2 million work hours without any lost time injury, improving from the previous record of 6.7 million work hours [8] - The company’s capital expenditures for the quarter totaled $47 million, with $15 million classified as growth CapEx [33] Q&A Session Summary Question: Comments on stock performance and support - Management acknowledged the stock's performance and clarified that the EPS miss was due to the timing of withholding taxes, emphasizing the company's strong financial position [41] Question: Investments in other companies - Management confirmed ongoing investments in various projects, including Awale, and expressed confidence in the growth potential of these investments [46][49] Question: Permitting experience in Senegal - Management reported positive interactions with the Senegalese government and expressed confidence in obtaining necessary permits for the Ambassador project [52][53] Question: Key milestones for the Ambassador project - Management outlined a timeline for the environmental approval and PEA, expecting to submit the environmental document soon and aiming for approval early next year [60][62] Question: CapEx cadence for the second half of the year - Management indicated a slight increase in CapEx spending in Q3, with expectations for a decrease in Q4, contributing to lower AISC in the latter part of the year [63][64] Question: Greenfield projects and exploration budget - Management detailed ongoing greenfield projects and confirmed an exploration budget of $51 million for 2025, highlighting the focus on early-stage opportunities [74][75] Question: Acquisition strategy - Management stated that while they are open to acquisitions, their primary focus is on organic growth within their existing portfolio, emphasizing value over volume [80]
RUA GOLD Expands Reefton Drill Program and Provides Strategic Outlook
Newsfile· 2025-08-05 11:00
RUA GOLD Expands Reefton Drill Program and Provides Strategic Outlook August 05, 2025 7:00 AM EDT | Source: Rua Gold Inc. Vancouver, British Columbia--(Newsfile Corp. - August 5, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("RUA GOLD" or the "Company") is pleased to announce the commencement of an expanded drilling program at its Reefton Project on the South Island of New Zealand, and outlines the strategy for its fully funded 12-month exploration program. Highlights: Reefton Drill Progra ...
Catalyst Metals (CYL) 2025 Conference Transcript
2025-08-04 07:17
Summary of Catalyst Metals Conference Call Company Overview - **Company**: Catalyst Metals - **CEO**: James Champion DeCrepney - **Key Team Members**: Craig Dingley (Corporate Development), Sylvain Guillaume, Mick Garbeline (Operations) [1][2] Industry Context - **Sector**: Mining, specifically gold mining - **Key Asset**: Plutonic Belt, with a focus on increasing gold reserves and production [4][7] Core Points and Arguments - **Resource Update**: Catalyst announced an update to the resource on the Plutonic Belt, reporting a total of **800,000 ounces** at an average grade of **5 grams per tonne**. The indicated resource has increased to **over 500,000 ounces** at **6.5 grams per tonne** [3][4]. - **Production Goals**: The company aims to increase reserves from **1,000,000 ounces** to **2,000,000 ounces** and boost annual gold production from **100,000 ounces** to **200,000 ounces** [4][8]. - **Financial Position**: Catalyst has a strong balance sheet with approximately **$330 million** in liquidity and **$230 million** in cash, with no debt [7]. - **Cost Efficiency**: The company has managed to bring resources into the indicated category at a cost of **$70 per ounce**, significantly lower than previous studies that estimated costs around **$1,600 per ounce** [5][6]. - **Exploration Strategy**: Catalyst has focused on drilling and exploration, with **10 drill rigs** currently operational, which is expected to enhance resource discovery and increase shareholder value [14][18]. Additional Important Insights - **Historical Context**: The Plutonic Belt has had **14 different owners** over the past 35 years, which has led to inconsistent geological focus. Catalyst's stable management aims to capitalize on this by investing in exploration and development [19]. - **New Acquisitions**: The company has recently acquired the Old Highway deposit for approximately **$30 million**, which has a resource of **200,000 ounces** at **4.5 grams per tonne** [10]. - **Future Projects**: Catalyst is also exploring the Baltic deposit and the K2 deposit, with plans to expand mine life and production capabilities [15][17]. - **Regulatory Environment**: The company is seeking approval from the Victorian government to proceed with underground operations, which is seen as increasingly likely [21]. Conclusion - Catalyst Metals is strategically positioned to enhance its gold production and reserves through focused exploration and efficient resource management. The recent resource update and strong financial position provide a solid foundation for achieving its ambitious production targets in the Plutonic Belt [24].
Omai Gold Drills 17.36 g/t Au over 7.5m (capped), 2.64 g/t Au over 41.8m and 3.49 g/t Au over 17.4m in Resource Expansion Program at Wenot
Newsfile· 2025-07-29 11:18
Core Insights - Omai Gold Mines Corp. has reported significant drill results from its ongoing resource expansion program at the Wenot deposit, indicating high-grade gold mineralization [1][3][5] - The company has exceeded its initial drilling plan, with a total of 37 holes drilled in 2025, totaling 20,500 meters, surpassing the original target of 15,000 meters [1][5] - The updated Mineral Resource Estimate (MRE) is underway, reflecting the successful drilling and the potential for further resource expansion [5][27] Summary by Sections Drill Results - Hole 25ODD-119 reported 31.70 g/t Au over 7.5m (capped at 17.36 g/t Au), including 141.74 g/t Au over 1.5m, and additional significant intervals [4][7] - Hole 25ODD-124 intersected 2.64 g/t Au over 41.8m, including 9.25 g/t Au over 4.5m, and 3.49 g/t Au over 17.4m [4][9] - Hole 25ODD-121 showed multiple intervals of gold mineralization, including 9.85 g/t Au over 2.9m and 13.74 g/t Au over 3.5m [12] - Hole 25ODD-120 intersected 1.66 g/t Au over 37.8m and 2.74 g/t Au over 9.4m [11] Resource Expansion - The Wenot shear corridor is extensive, reaching widths of 350-400m and extending at least 2.5km along strike, indicating potential for further mineralization [5][6] - The company plans to continue drilling to identify near-surface economic satellite deposits that could contribute to early mining [6][28] - The total drilling for the 2024-25 Wenot resource expansion program has now exceeded 33,000m [5] Future Plans - An updated Preliminary Economic Assessment (PEA) is expected 3 to 4 months following the updated MRE, which will include an expanded Wenot open pit deposit and an underground mining scenario at Gilt Creek [5][28] - The company aims to continue impactful drill programs in 2025, with plans to announce an updated and expanded MRE [28]