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Apollo Silver (APGO) (APGOF); Right Assets, Right Management and Right Time
Newsfile· 2025-07-10 11:00
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - July 10, 2025) - Investorideas.com, a global investor news source covering mining and metals stocks, issues a snapshot of Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) showing how it's executing its vision of owning significant silver assets, attracting world class management with the recent appointment of President and CEO, Ross McElroy and building long term value for its shareholders.Apollo Silver (Apgo) (Apgof); Right Assets, Right Ma ...
Mandalay Resources Reports Steady Q2 Production, US$101M Cash and Crucial Investment to Support Growth at Costerfield
Globenewswire· 2025-07-09 21:00
TORONTO, July 09, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces second quarter production results for the quarter ended June 30, 2025. Second Quarter Highlights: Quarter-end cash balance of $101 million, $13 million Q-o-Q increase despite significant sustaining and growth capital expenditures;Produced 22,554 consolidated gold equivalent ounces; Costerfield: 8,145 ounces of gold and 137 tonnes of antimony for 11,371 ounces of gold equ ...
Red Lake Gold Inc. Reports Submission of Material License Applications in Saskatchewan
Thenewswire· 2025-07-03 12:30
Core Viewpoint - Red Lake Gold Inc. has filed mining disposition applications for exclusive exploration rights in northern Saskatchewan, covering approximately 83,832 hectares (about 207,064 acres), pending Crown approval [1][2]. Group 1: License Applications - The License Applications were submitted to secure regional exposure ahead of potential developments in the area, influenced by recent evaluations and market factors [2]. - The applications aim to preempt any competing parties that may seek to explore the same area [2]. - Filing fees of approximately $50,299 were paid to the Crown, which are refundable if the applications are rejected or modified [6]. Group 2: Future Plans and Expectations - Upon receiving Crown approval, the company plans to prioritize the License Applications and provide further technical details regarding the area [4][5]. - The company is optimistic that these applications will lead to a significant new exploration focus, addressing critical matters disclosed in a previous news release [5].
Calibre Reports Q1 Financial and Production Results; Valentine Advances Toward Gold Production in Q3, Setting Up for Significant Growth; Calibre Mining & Equinox Gold Merger Anticipated to Close During Q2, 2025
Globenewswire· 2025-05-07 23:30
Core Viewpoint - Calibre Mining Corp. reported strong financial and operational results for Q1 2025, with gold production of 71,539 ounces and a focus on cost discipline, positioning the company to potentially exceed its full-year production guidance of 230,000 to 280,000 ounces [2][10][22]. Financial Performance - Consolidated revenue for Q1 2025 was $202.6 million, compared to $131.9 million in Q1 2024, reflecting a significant increase [18]. - The company achieved net earnings of $22.6 million in Q1 2025, up from a net loss of $3.6 million in Q1 2024 [19]. - Adjusted net earnings for Q1 2025 were $40.1 million, compared to $5.6 million in Q1 2024 [44]. - The average realized gold price per ounce sold was $2,796, an increase from $2,092 in Q1 2024 [43]. Operational Highlights - Gold production was 64,469 ounces from Nicaragua and 7,070 ounces from Nevada, with a consolidated total of 71,539 ounces [10][20]. - The total cash cost (TCC) was $1,221 per ounce, while the all-in sustaining cost (AISC) was $1,389 per ounce [11][19]. - The Valentine Gold Mine is expected to produce approximately 200,000 ounces of gold annually, with first gold expected by the end of Q3 2025 [3][7]. Valentine Gold Mine Update - The initial project capital cost for the Valentine Gold Mine has increased to approximately C$854 million, with $203 million in cash fully funding the project as of April 30, 2025 [3][12]. - Construction is nearing completion, with the primary crusher commissioned and the coarse ore stockpile ready to receive material by the end of May [4][12]. - The largest pure exploration drill program in the property's history is underway, totaling 100,000 meters [10][22]. Merger with Equinox Gold - The merger with Equinox Gold is expected to close by the end of Q2 2025, creating a major Americas-focused gold producer with enhanced scale and diversification [8][14]. - The combined entity is projected to deliver greater value than either company could achieve independently, with a strong balance sheet and a pipeline of development projects [14][27].