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Atico Reports 2025 Fourth Quarter and Full Year Production Results
Globenewswire· 2026-01-22 21:30
Core Insights - Atico Mining Corporation reported operational results for Q4 2025 and the full year, highlighting production of 2.6 million pounds of copper and 2,203 ounces of gold in Q4, with total production for 2025 reaching 9.2 million pounds of copper and 8,013 ounces of gold [1][2] Production Highlights - Q4 2025 copper production was 2.6 million pounds, a decrease of 30% compared to Q4 2024, while gold production increased by 10% to 2,203 ounces [7] - For the full year 2025, copper production totaled 9.23 million pounds, down 32% from 2024, and gold production was 8,013 ounces, a decrease of 12% [7] - Average processed tonnes per day in Q4 2025 were 823, showing no significant change from Q4 2024, while the full year average was 790, a decrease of 5% from 2024 [7] Grade and Recovery Metrics - Copper head grade in Q4 2025 was 2.03%, a decrease of 23% from Q4 2024, while gold head grade increased by 19% to 1.61 grams per tonne [7] - Recovery rates for copper and gold in Q4 2025 were 90.2% and 66.0%, respectively, with a 2% decrease for copper and no significant change for gold compared to Q4 2024 [7] Future Outlook - The company anticipates continued improvements in performance for 2026, with expected copper production between 11,500 to 12,500 thousand pounds and gold production between 9,000 to 10,000 ounces [11] - Significant resources will be allocated to in-mine and near-mine drilling to delineate deposits and extend the life-of-mine, particularly at the El Roble mine [2][12] - The La Plata project in Ecuador is progressing towards a positive construction decision targeted for Q2-Q3 2026 [2]
Anfield Energy Announces JD-8 Mine Restart Application Passes Initial Completeness Review with Colorado DRMS
Globenewswire· 2025-12-22 12:00
Core Insights - Anfield Energy Inc. has received an affirmative initial completeness determination from the Colorado Division of Reclamation, Mining and Safety for its JD-8 uranium and vanadium mine permitting application, submitted on November 19, 2025, which allows the project to advance to a full substantive review [1][2] - The project is on track for potential approval and mobilization in mid-2026, with a targeted production restart in the second half of 2026 [1][2] Company Developments - CEO Corey Dias emphasized that the positive completeness finding is a critical early de-risking event for the JD-8 project, highlighting strong uranium market fundamentals and increasing domestic nuclear fuel demand [2] - The JD-8 mine is part of Anfield's West Slope project portfolio and is supported by the company's 100%-owned Shootaring Canyon mill, one of only three licensed conventional uranium mills in the U.S. [2] - The restart plan will utilize existing underground workings and historical production records, aligning with Anfield's hub-and-spoke production strategy [2] Economic Considerations - The decision to advance the JD-8 mine's development is based on historical production data and drilling sample analysis, rather than a feasibility study demonstrating economic and technical viability, introducing additional uncertainty regarding the project's economics [3]
Pasofino Gold Announces Non-Brokered Private Placement for Gross Proceeds of Approximately C$12.0 Million
Newsfile· 2025-09-23 21:00
Core Viewpoint - Pasofino Gold Limited has announced a non-brokered private placement aiming to raise approximately C$12.0 million to support the development of the Dugbe Gold Project and for general working capital purposes [1][3]. Group 1: Offering Details - The private placement will consist of units priced at C$0.50 each, with each unit comprising one common share and one warrant, allowing the purchase of an additional share at C$0.75 for 24 months [2]. - The offering is expected to close in multiple tranches, with the first tranche anticipated around October 15, 2025 [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards updating the feasibility study for the Dugbe Gold Project, repaying amounts owed to the Government of Liberia, and general working capital [3]. Group 3: Related Party Transaction - Mansa Resources Limited, an affiliate of Hummingbird Resources Limited, will subscribe for approximately 50.9% of the offering, which is classified as a related party transaction [4]. Group 4: Project Overview - The Dugbe Gold Project spans 1,410 km² in southern Liberia and contains two identified deposits, Dugbe F and Tuzon, with a combined mineral resource estimate of 3.3 million ounces at an average grade of 1.37 g/t Au [10][11]. - The project has a mineral development agreement with the Government of Liberia, stipulating a 3% royalty on gold production and a 25% income tax rate [14]. Group 5: Future Plans - The company is focused on updating the feasibility study to facilitate project financing for construction to commence in 2026 [15].