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Eldorado Gold Announces Receipt of the Operating Authorization for the Ormaque Deposit at the Lamaque Complex
Globenewswire· 2026-03-16 11:00
Core Viewpoint - Eldorado Gold Corporation has received Operating Authorization for the Ormaque deposit at the Lamaque Complex, allowing for the mining and delivery of high-grade underground ore to the Sigma Mill, thereby unlocking previously invested development capital [1][3]. Group 1: Ormaque Deposit and Its Impact - The Ormaque deposit enhances the Lamaque Complex's production flexibility by providing an additional source of high-grade ore, which will be blended with ore from the Triangle deposit [2]. - The CEO highlighted the efficient advancement of the Ormaque discovery to operating approval, emphasizing the strong geological potential and the positive relationship with the Quebec government [3]. - The Ormaque deposit is expected to sustain existing employment and create new job opportunities, contributing to long-term economic benefits for the Val-d'Or region [3]. Group 2: Exploration and Development Plans - In January 2026, Eldorado announced the identification of new high-grade zones around the Ormaque deposit, including the Ormaque South-East Zone and the Garnet Zone, which could provide future mill feed [5][6]. - The company plans to continue drilling at Ormaque to test lateral and depth extensions, as part of a broader exploration program across the Lamaque-Bourlamaque properties [7]. - Ongoing studies are being conducted to potentially increase the Sigma mill's throughput from 2,500 tonnes per day to its fully permitted capacity of 5,000 tonnes per day [8]. Group 3: Infrastructure and Regional Development - The Lamaque Complex includes multiple deposits, such as Triangle, Parallel, and Ormaque, all contributing to the Sigma mill in Val-d'Or, Quebec [10]. - Eldorado is focused on maximizing the long-term value of its land position through continued investment in underground development and exploration [10]. - The company aims to leverage existing infrastructure and regional geological understanding to convert exploration success into operational flexibility and long-term value [9].
Kuya Silver Reports Second Quarter 2025 Results; Continued Progress at Bethania Silver Project with Increased Mining Output, Significant Underground Development, and Encouraging Exploration Results
Newsfile· 2025-08-22 11:30
Core Viewpoint - Kuya Silver Corporation reported significant operational and financial progress in Q2 2025, particularly at the Bethania Silver Project in Peru, with increased mining output, substantial underground development, and promising exploration results [2][4][5]. Operational Results - The Bethania Silver Project achieved a mining output of 1,224 tonnes of mineralized material in Q2 2025, nearly doubling the output from Q1 2025, with average silver grades of 10.73 oz/t and silver equivalent grades of 14.89 oz/t [6][7][8]. - Approximately 263 metres of underground development were completed in Q2, expanding access to ten active working faces, up from six in Q1 [6][7]. - Infrastructure upgrades included the installation of trailing winches, a high-capacity compressor, and a new generator, enhancing operational efficiency and safety [6][8]. - Exploration efforts led to the discovery of three new silver-rich vein systems, with samples exceeding 1,000 g/t silver equivalent, and a 41% increase in the mineralized strike length in the Bethania district [6][11][12]. Financial Highlights - Kuya Silver generated net revenue of approximately $0.70 million in Q2 2025, compared to nil in the same quarter of the previous year, with a net loss reduced to $0.28 million from $1.45 million in Q2 2024 [15][16]. - The company raised over CAD $10.8 million through equity financings in H1 2025, strengthening its balance sheet to support accelerated development at Bethania [6][17]. - The Silver Kings Project contributed 1,800 wet tonnes of silver concentrate shipped in Q2, generating revenue of USD $1.15 million [6][9]. Corporate Overview - Kuya Silver enhanced its governance by adding three independent directors and appointing Sheila Magallon as CFO, bringing over 20 years of financial leadership experience in the mining sector [17][18]. - The company completed multiple financing rounds, issuing a total of 29.7 million shares for gross proceeds of approximately CAD $12 million, aimed at supporting mine development and exploration [17][18]. Outlook - The company aims to achieve an initial production milestone of 100 tonnes per day by Q3 2025, with plans to expand to a phase 1 target production rate of 350 tonnes per day in the longer term [19][21].
IBN Initiates Coverage of Lahontan Gold Corp.
GlobeNewswire News Room· 2025-05-28 12:30
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]