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Tunnel Status for Seabridge's KSM Project Challenged by Tudor Gold
Newsfile· 2025-07-14 11:30
Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") announced today that Tudor Gold Corp. ("Tudor") has filed a Notice of Appeal in the British Columbia Supreme Court against the Chief Gold Commissioner of British Columbia (the "CGC") and Seabridge which appeals a decision of the CGC rejecting an application brought by Tudor that seeks, in effect, to rescind the legal mechanism which prioritizes Seabridge's rights to use land passing ...
Alamos Gold Intersects Additional High-Grade Mineralization Across the Island Gold Deposit and Adjacent to Multiple Nearby Past-Producing Mines
Globenewswire· 2025-06-24 10:55
Core Viewpoint - Alamos Gold Inc. continues to report significant exploration success at the Island Gold Mine, with high-grade gold mineralization being extended both underground and at surface levels, indicating strong potential for future growth in Mineral Reserves and Resources [1][2][19]. Exploration Results - The Island Gold Mine has seen an increase in its Mineral Reserve base for 12 consecutive years, with ongoing exploration supporting expectations for continued growth [2][19]. - High-grade mineralization has been extended outside of existing Mineral Reserves and Resources in various zones, including the E1E and C-Zones, with notable drill results such as 15.87 g/t Au over 2.72 m in the E1E-Zone and 37.26 g/t Au over 2.86 m in the B Zone [3][4][6][28]. Regional Exploration - The regional exploration program has successfully intersected high-grade gold mineralization at the past-producing Cline-Pick and Edwards mines, located seven kilometers from the Magino Mill, which may serve as additional sources of higher-grade ore [1][15][44]. - Significant drill results from the Cline-Pick Mines include 8.22 g/t Au over 21.13 m and 19.22 g/t Au over 4.65 m, while the Edwards Mine reported 55.95 g/t Au over 2.12 m [15][48][53]. Future Plans - A budget of $27 million has been allocated for exploration at the Island Gold District in 2025, an increase from $20 million in 2024, with plans for 41,500 m of underground drilling and 18,000 m of surface exploration [19][21][22]. - The focus will be on defining new Mineral Reserves and Resources near existing production horizons and infrastructure, as well as expanding mineralization at the Magino site [21][22][23]. High-Grade Mineralization - Ongoing drilling has confirmed the continuity and extension of high-grade gold mineralization in various zones, with over 1,500 intersections above 3 g/t Au reported outside of existing Mineral Reserves and Resources [9][39][40]. - New highlights from the Island East Footwall zones include 21.42 g/t Au over 4.00 m and 31.44 g/t Au over 8.27 m, showcasing the potential for further high-grade additions [32][35].
Alamos Gold Announces Island Gold District Base Case Life of Mine Plan Outlining One of the Largest and Lowest-Cost Gold Mines in Canada with Significant Upside
Globenewswire· 2025-06-23 21:00
Core Viewpoint - Alamos Gold Inc. has reported the results of the Base Case Life of Mine Plan for the Island Gold District, indicating it is expected to become one of Canada's largest, lowest-cost, and most profitable gold mines, with significant upside potential anticipated in an upcoming Expansion Study [1][3][4]. Summary by Relevant Sections Base Case Life of Mine Plan - The Base Case LOM Plan integrates Island Gold and Magino into a consolidated operation, reflecting current costs and significant growth in Mineral Reserves [2][4]. - The plan includes only Mineral Reserves from Island Gold and Magino, with additional resources not factored into the economic analysis [2][12]. Production and Cost Metrics - Average annual gold production is projected at 411,000 ounces starting in 2026, a 43% increase from 2025 guidance [4][8]. - Mine-site all-in sustaining costs (AISC) are expected to average $915 per ounce over the initial 12 years, a 19% decrease from 2025 guidance [4][51]. - Total cash costs are projected to average $581 per ounce over the initial 12 years and $699 per ounce over the life of mine [7][51]. Mineral Reserves and Resources - Total Mineral Reserves have increased by 48% to 6.3 million ounces, with significant contributions from both Island Gold and Magino [7][12]. - The conversion of Inferred Mineral Resources to Mineral Reserves is ongoing, with a high conversion rate expected to continue [16][12]. Expansion and Future Growth - An Expansion Study is anticipated in Q4 2025, which is expected to outline further increases in Mineral Reserves and potential milling rates of 18,000 to 20,000 tonnes per day [3][4][8]. - The Phase 3+ Expansion is expected to be completed in the second half of 2026, which will enhance production capabilities and lower costs [5][27]. Environmental Considerations - The project aims for a 29% reduction in greenhouse gas emissions per ounce produced, achieving an intensity 70% lower than the industry average [5][40]. Financial Metrics - The after-tax net present value (NPV) of the Base Case LOM Plan is estimated at $4.5 billion at a long-term gold price of $2,400 per ounce, increasing to $6.7 billion at current prices of approximately $3,300 per ounce [21][22]. - Total capital expenditure for the life of mine is projected at $2.26 billion, or $380 per ounce sold [66]. Capital Expenditures - Growth capital is estimated at $453 million, primarily focused on the Phase 3+ Expansion and Magino mill expansion [60][64]. - Sustaining capital is expected to total $1.8 billion over the life of mine, with a per-ounce cost of $304 [66]. Operational Details - The Magino mill will process ore from both Island Gold and Magino, with a planned throughput of 12,400 tonnes per day post-expansion [48][49]. - The transition to a shaft operation is expected to significantly reduce costs and improve efficiency [26][31].
AEM's Reserve Growth Spurs Confidence: Can It Keep Drilling Success?
ZACKS· 2025-06-19 12:41
Key Takeaways AEM boosted proven and probable gold reserves by 0.9% to 54.3M oz and inferred resources by 9% in 2024. Exploration at East Gouldie, Hope Bay, and Marban targets further reserve and resource expansion by 2025. Agnico Eagle shares surged 56.8% YTD, as drilling momentum supports long-term growth prospects.Agnico Eagle Mines Limited (AEM) made substantial efforts in the first quarter for the continuation of its mineral reserve replacement, a critical metric reflecting growth potential. At the e ...
Sandstorm Gold Royalties Portfolio Drilling and Exploration Highlights
Prnewswire· 2025-06-11 20:20
VANCOUVER, BC, June 11, 2025 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to provide various developments and exploration highlights within its diversified stream and royalty portfolio (dollar figures in USD unless otherwise indicated).First Majestic Confirms New Discovery at Santa ElenaFirst Majestic Silver Corp. ("First Majestic") has identified a significant gold-silver discovery on its Santa Elena property in Sonora, Mex ...
Spark Energy Minerals to Attend Lithium & Critical Mineral Summit in Brazil
Newsfile· 2025-06-03 21:30
Company Participation - Spark Energy Minerals Inc. is participating as an Executive Dinner Sponsor and speaker at the 2nd Annual Lithium and Critical Mineral Summit in Belo Horizonte, Brazil from June 3rd to 5th, 2025 [1][2]. Industry Event Overview - The Brazil Lithium & Critical Minerals Summit is a significant event focused on Brazil's Lithium Valley, endorsed by Invest Minas, and aims to connect key industry players and international companies interested in lithium and critical mineral reserves [2][3]. - The inaugural summit attracted over 350 industry leaders from more than 25 countries, featuring over 50 speakers and facilitating over 180 private business meetings [3]. Notable Attendees - Key attendees of the summit include Sigma Lithium, Pilbara Minerals, Lithium Ionic, European Investment Bank, and Vale [4]. Company Project Focus - Spark Energy Minerals' CEO and Vice President of Exploration will engage with industry participants to discuss the Arapaima Lithium and Rare Earth Elements (REE) Project, which covers a land package of 919 km² and shows promising lithium and REE potential [5][6]. - The Arapaima project has identified 123 pegmatite occurrences across 13 trends with a combined strike length of 31 km, and has reported anomalous lithium values in rock chip samples up to 1,397 ppm Li [7]. Project Highlights - The project has promising REE mineralization with soil samples returning over 3,000 ppm Total Rare Earth Oxides (TREO) and stream sediments exceeding 6,000 ppm TREO [7]. - The project is well-positioned with excellent access via sealed roads and proximity to established infrastructure, including the Sigma Lithium mine located just 15 km away [7]. Corporate Development - Spark Energy Minerals has appointed Bonn Smith as Vice President of Corporate Development, bringing over 15 years of capital markets expertise [11][12].
Osisko Development Announces Optimized Feasibility Study for Permitted Cariboo Gold Project with C$943 Million After-Tax NPV5% and 22.1% IRR at US$2,400/oz Base Case Gold Price; at US$3,300/oz Spot Gold C$2.1 Billion After-Tax NPV5% and 38.0% IRR
Globenewswire· 2025-04-28 11:00
(All dollar amounts are expressed in CAD dollars, unless stated otherwise) HIGHLIGHTS MONTREAL, Québec, April 28, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the results of a positive optimized Feasibility Study ("2025 FS") for its permitted, 100%-owned Cariboo Gold Project ("Cariboo Gold" or the "Project"), located in central British Columbia ("BC"), Canada. The 2025 FS was completed by BBA Engineering Ltd. ("BBA") ...
Nexa Resources Announces 2024 Year-End Mineral Reserves and Mineral Resources
Newsfile· 2025-03-27 21:32
Nexa Resources Announces 2024 Year-End Mineral Reserves and Mineral ResourcesMarch 27, 2025 5:32 PM EDT | Source: Nexa ResourcesLuxembourg, Luxembourg--(Newsfile Corp. - March 27, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources" or "Nexa" or the "Company") announces its 2024 Year-End Mineral Reserves and Mineral Resources ("MRMR") update for its operations and projects in Peru and Brazil.Commenting on the MRMR update, Ignacio Rosado, CEO of Nexa Resources, stated: "Our 2024 mineral e ...