China’s proposed coal mine developments risk creating an oversupply and derailing climate goals, according to Global Energy Monitor https://t.co/OKW7kIwMWY ...

MAC Copper (MTAL) Q2 2025 Earnings Call July 23, 2025 07:00 PM ET Speaker0I would now like to hand the conference over to Mr. Mick McMullen, CEO.Please go ahead.Speaker1Thank you very much, and thank you, everyone, for joining us. I'm joined on the call by our CFO, Morne Engelbrecht. I'll run through the slides, and these will be released as well so that everyone can refer to them at your leisure. So this is our second quarter twenty twenty five quarterly presentation. Obviously, there's the usual disclaime ...

Company Overview - AIC Mines has a share price of $0.32, with 718.5 million shares on issue, resulting in a market capitalization of $229.9 million[12] - The company holds $60.9 million in cash and has an enterprise value of $169.0 million[12] - FMR Investments is a substantial shareholder with 11.5% ownership, and directors hold 7.3% of shares[13] Operational Performance & Guidance - FY25 guidance achieved 12,863 tonnes of copper and 5,955 ounces of gold in concentrate, generating $27.4 million net mine cashflow[22] - Eloise Ore Reserve is 2.8 million tonnes grading 2.3% copper and 0.6g/t gold, containing 65,200 tonnes of copper and 56,500 ounces of gold[19] - Eloise Mineral Resource is 5.9 million tonnes grading 2.5% copper and 0.6g/t gold, containing 145,800 tonnes of copper and 120,800 ounces of gold[22] Jericho Development - Jericho Mineral Resource is 19.2 million tonnes grading 2.0% copper and 0.4g/t gold, containing 381,000 tonnes of copper and 245,500 ounces of gold[26] - Jericho Ore Reserve is 6.1 million tonnes grading 1.8% copper and 0.4g/t gold, containing 108,000 tonnes of copper and 70,900 ounces of gold[26] - Combined Eloise Region Mineral Resources total 28.4 million tonnes grading 2.0% copper and 0.4g/t gold for 563,000 tonnes of copper and 409,600 ounces of gold[26] Plant Expansion - Eloise plant expansion is underway with a fixed-cost EPC contract of $77.6 million, targeting commissioning in the December 2026 Quarter[29] - The expansion aims for a throughput capacity of 1.1 million tonnes per annum, with potential for a second stage expansion to 1.5 million tonnes per annum[29]

Altiplano Drills 2.37% Cu, 0.30 g/t Au, and 36.12% Fe over 2.89 m, Including 15.29% Cu, Confirming High-Grade Continuity at Santa Beatriz July 15, 2025 9:00 AM EDT | Source: Altiplano Metals Inc. Edmonton, Alberta--(Newsfile Corp. - July 15, 2025) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report assay results from its inaugural drill program at the historic Santa Beatriz Iron Oxide Copper Gold (IOCG) mine, located approximately 45 km south of La Serena, C ...

Core Viewpoint - G Mining Ventures Corp. has achieved significant operational milestones at its Tocantinzinho Gold Mine in Brazil, with a notable increase in gold production and processing efficiency in Q2 2025 [1][3][11]. Production Highlights - The Tocantinzinho Gold Mine processed an average of 12,890 tonnes per day over 30 consecutive days, with Q2 2025 gold production reaching 42,587 ounces, a 20% increase from Q1 2025 [1][8]. - Year-to-date gold production for 2025 totals 78,165 ounces, representing 42% of the midpoint of the annual guidance of 175,000 to 200,000 ounces [11][12]. Mining and Processing Activities - In Q2 2025, the mine achieved an average mining rate of approximately 47,900 tonnes per day, an 18% increase from Q1 2025 [10][8]. - The average gold recovery improved to 90.3% in Q2 2025, up from 87.7% in Q1 2025 [8][4]. - The total tonnes processed in Q2 2025 were 1,011,000 tonnes, with an average plant throughput of 11,107 tonnes per day, or 86% of nameplate capacity [4][8]. Operational Improvements - The installation of steel liners in the SAG mill in April 2025 has resolved previous issues with premature wear, leading to improved mill stability and throughput [5][6]. - The mill achieved an average throughput of 96% of nameplate capacity in May and June 2025, with an exceptional 103% in May [6][9]. Future Outlook - The company reaffirms its 2025 production guidance of 175,000 to 200,000 ounces, with expectations for continued operational improvements and increased production in the second half of the year [11][12]. - Additional mine fleet equipment is expected to enhance mining production further in H2 2025 [10].

Core Insights - Lahontan Gold Corp. is advancing a portfolio of gold and silver assets in Nevada's Walker Lane, focusing on unlocking value from past-producing projects with a clear path to production [2][3] - The company aims to responsibly develop its oxide resources while maximizing economic returns and minimizing capital intensity [3] - Lahontan's flagship property, the Santa Fe Mine, has a significant historical production record and substantial indicated and inferred mineral resources [5] Company Overview - Lahontan Gold Corp. is a Canadian mine development and exploration company with four gold and silver properties in Nevada, three of which are 100%-owned [2][5] - The Santa Fe Mine project covers 26.4 km² and has produced 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995 [5] - The company plans to advance the Santa Fe Mine project toward production and update its Preliminary Economic Assessment in 2025 [5] Strategic Partnerships - Lahontan has selected IBN to lead its corporate communications efforts, leveraging IBN's extensive distribution network to enhance investor awareness [1][4] - IBN has over 19 years of experience and a collective audience of millions, positioning it to effectively reach investors and the general public [5][7] - The partnership will utilize various outreach tools, including newsletters, social media, and wire services, to maximize impact [4][8]

HALIFAX, Nova Scotia, May 14, 2025 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce operating and financial results for the quarter ended March 31, 2025, and to provide an update on progress at the Bayan Khundii Gold Project (“BK” or “Project”), being developed with Mongolian Mining Corporation (“MMC”). This release should be read in conjunction with the Company’s Q1 2025 Financial Statements and MD&A, available on the Company’s web ...

Core Viewpoint - Ascot Resources Ltd. reported a net income of $3.362 million for Q1 2025, a significant improvement from a net loss of $6.208 million in Q1 2024, primarily due to gains from higher gold and silver prices and a decrease in the fair value of convertible options [10] Financial Results - The company had cash and cash equivalents of $36.151 million as of March 31, 2025, with a working capital deficiency of $40.724 million [11] - The increase in cash was mainly attributed to net proceeds from the first tranche of the 2025 Offering, partially offset by expenditures in mine development and other costs totaling $27.823 million [11] - Total gross proceeds raised from the 2025 Offering amounted to $61.2 million, with $42 million from the first tranche and $19.2 million from the second tranche [5][13] Leadership Changes - A leadership transition occurred on January 15, 2025, with the resignation of key executives and the appointment of Jim Currie as CEO and Director [5] - Rick Zimmer, the Chairman, announced his retirement due to family health reasons, and Bill Bennett was elected as Interim Chairman [9] Mine Development and Operations - As of April 13, 2025, over 800 meters of mine development had been completed, with plans to stockpile 40,000 tonnes of material for processing before the mill startup in August 2025 [5] - The company is in the process of renegotiating mining and development contract rates, which are trending higher than current rates, potentially impacting cash flows and development timelines [6][12] Future Outlook - The company aims to transition to steady-state gold production in 2025, contingent on successful contract negotiations [15] - Key priorities include completing mine development at PNL and ensuring sufficient mill feed for processing [19]

Financial Data and Key Metrics Changes - The company reported an enterprise value of approximately USD 940 million and plans to produce over 50,000 tonnes of copper annually in the near future [3] - The company achieved a C1 cash cost of USD 1.91 per pound and total cash costs of about USD 2.47 per pound, with a realized price of USD 4.4 per pound for the quarter [6][7] - The net gearing ratio was reduced to under 20%, reflecting a significant deleveraging of the balance sheet [4][34] Business Line Data and Key Metrics Changes - The first quarter is typically the softest for the company, with production trends down due to seasonal weather impacts and a strong previous quarter [5][11] - The company maintained guidance for copper production between 43,000 to 48,000 tonnes for the year, with a copper grade of approximately 3.84% [7][8] - Growth capital expenditures (CapEx) are projected to be between USD 20 million to USD 25 million, while sustaining CapEx is estimated at USD 40 million to USD 50 million [8] Market Data and Key Metrics Changes - The company noted positive tailwinds from exchange rates and treatment charges, with spot copper treatment charges at negative USD 40 per tonne, indicating a favorable annual benchmark settlement [8] - The company has seen a strong grade profile during Q1, with head grades over 4% copper expected to continue [11] Company Strategy and Development Direction - The company is focused on two key growth projects: the ventilation project and the Merin mine, which is expected to enhance production and reduce operational volatility [4][31] - The Merin mine is anticipated to contribute significantly to production, with potential for high-grade copper and zinc extraction [20][30] - The company aims to maintain consistent, low-cost copper production while advancing its projects to achieve targeted annual production above 50,000 tonnes [41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second quarter based on the production profile and the potential of the Merin mine to smooth out production volatility [44][62] - The company has not encountered significant supply chain issues or cost impacts from tariffs, maintaining a strong liquidity position post-refinancing [93][94] - Management highlighted the importance of the Merin mine for future growth and its ability to provide a stable production profile [46][62] Other Important Information - The company completed a refinancing of its debt structure, significantly reducing net gearing and interest costs, with annual cash interest savings of approximately USD 14 million [34][36] - The company reported a healthy liquidity position of USD 153 million, providing flexibility for future operations [40] Q&A Session Summary Question: Can you confirm that production and sales are aligned from a cash flow perspective? - Yes, the company aims to align production with sales on a quarterly basis, ensuring cash reflects production costs [51][52] Question: Will there be any development ore from the Merin mine? - Yes, the company has already extracted high-grade zinc lead mineralization during development and plans to be opportunistic in extracting valuable ore [54] Question: What tonnage would be considered a success for 2026? - The company anticipates mining around 50,000 tonnes at 6% copper and potentially 100,000 to 150,000 tonnes of medium-grade copper at 2.5% [57][58] Question: Is there a pathway to greater than 50 kilotonnes of copper equivalent production? - The company feels comfortable with the potential for upside risk in production forecasts, especially with the Merin mine's contributions [70][71] Question: Are the costs for the ventilation project still on track? - Yes, the costs for the ventilation project remain on track, with a reduction in the cost per meter of development noted [75][78] Question: What is the outlook for shaft production this year? - The company expects to maintain grades around 4% and aims to optimize production efficiency [82] Question: Are there any issues with supply chain or consumables? - Currently, there are no significant issues, and the company has a strong liquidity position to weather market uncertainties [93][94]

MAC Copper (MTAL) Q1 2025 Earnings Call April 29, 2025 07:00 PM ET Company Participants Michael McMullen - CEO & DirectorMorné Engelbrecht - CFODavid Radclyffe - Managing Director Conference Call Participants Daniel Morgan - Founding Principal & Mining Equity AnalystBen Wood - Associate AnalystTimothy Hoff - AnalystEric Winmill - Equity Research Analyst Operator I would now like to hand the conference over to Mr. Mick McMullen, CEO. Please go ahead. Michael McMullen Thank you very much. And thanks everyone ...