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LUCA MINING CORP. REPORTS THIRD QUARTER 2025 RESULTS
Prnewswire· 2025-11-18 12:00
Strong Year-Over-Year Growth and Advancement of 0 Development Initiatives in Q3 2025 Safety: continued emphasis on safe, disciplined operations with strengthened housekeeping and visible leadership engagement across both sites. Throughput increased:Â consolidated tonnes milled of 250,807 (+66% vs. prior year), supported by increased plant availability at both mines which has resulted in higher metal output: Gold increased 51%, Silver increased 97%, Zinc increased 78%, Lead increased 81%, Copper increased 43 ...
Grid Battery Announces the Completion of the First Phase of its 2025 Fall Exploration Program for its British Columbia Gold-Copper Property
Thenewswire· 2025-09-17 11:30
Core Viewpoint - Grid Battery Metals Inc. has completed the first phase of its fall exploration program in British Columbia, focusing on gold and copper exploration in a region known for its mining potential [1][5][7]. Company Overview - Grid Battery Metals Inc. is a Canadian exploration company listed on the TSX Venture Exchange, primarily focused on high-value battery metals for the electric vehicle market [15]. - The company has acquired a 100% interest in 17 mineral claims covering approximately 27,525 hectares (about 275 km²) in North Central British Columbia [9]. Exploration Program - The initial exploration program was conducted on two of the five claim blocks, specifically the Jupiter and Starlight blocks, involving assaying, trenching, sampling, and geophysics [7]. - The exploration program aims to follow up on previous work and includes geochemistry across untested magnetic features, with detailed soil sampling and mapping planned for eight targeted areas [7]. Regional Context - The exploration area is strategically located near several promising projects, including NorthWest Copper Corp.'s Kwanika project, which intercepted 400 meters of 1.01% copper equivalent [5]. - The Mount Milligan mine, operated by Centerra Gold, has produced over 1.8 million ounces of gold and 742 million pounds of copper, highlighting the area's mining potential [10]. Historical Exploration Insights - Historical data indicates that the area has been minimally explored, with some recorded results showing anomalous gold levels in stream sediment sampling [11]. - The region is characterized by geological features conducive to porphyry copper-gold deposits, with significant occurrences along the Pinchi Fault [11][12]. Recent Developments - The company has dropped the Volt Canyon Lithium property from its exploration portfolio due to access difficulties and average initial sampling results [13]. - The Texas Springs Property, another asset, has shown promising lithium grades, with a Phase 1 exploration program yielding average lithium grades of 2010 ppm [16].
LUCA ACQUIRES KEY MINING CONCESSION ADJACENT TO TAHUEHUETO MINE
Prnewswire· 2025-08-28 13:00
Core Viewpoint - Luca Mining Corp. has successfully acquired a 100% interest in the Humaya 3 mining concession, which is adjacent to its Tahuehueto Mine in Durango, Mexico, for a cash price of US$400,000, thereby expanding its land position by over 25% to approximately 10,000 hectares [1][2][3]. Company Overview - Luca Mining Corp. is a Canadian mining company operating two wholly owned mines in the Sierra Madre mineralized belt in Mexico, producing gold, copper, zinc, silver, and lead, with strong cash flow and significant development potential [5]. - The Campo Morado Mine features VMS-style polymetallic mineralization and covers 121 square kilometers, producing various metals including zinc and copper [6]. - The Tahuehueto Mine spans 100 square kilometers and is focused on epithermal gold and silver vein-style mineralization, currently in commercial production after successful mill commissioning [7]. Acquisition Details - The Humaya 3 mining concession covers 2,507 hectares and is free from any underlying NSR royalties, enhancing the exploration potential of the Tahuehueto Mine [2][3]. - The acquisition aligns with the company's growth strategy, aiming to increase shareholder value through exploration and discovery programs [3]. Exploration Potential - The newly acquired concession is geologically interpreted to extend known mineral veins, particularly the Santiago vein, which is a high-priority drill target for ongoing exploration efforts [3].
IMPACT Silver Announces Q2 2025 Financial Results with 27% Increase in Revenue
Newsfile· 2025-08-25 14:39
Core Viewpoint - IMPACT Silver Corp. reported a 27% increase in revenue for Q2 2025, driven by higher production and strong commodity prices, indicating a positive financial trajectory for the company [1][3]. Financial Performance - Revenue for Q2 2025 was $9.8 million, up from $7.7 million in Q2 2024, with year-to-date revenue reaching $20.5 million [1]. - Mine operating income before amortization and depletion improved to $1.6 million in Q2 2025 from a loss of $0.2 million in Q2 2024 [1]. - The company reported a net loss of $2.0 million for the quarter, which included $0.5 million in deferred taxes, $1.1 million in exploration costs, and $0.6 million in amortization and depletion [1]. - As of the end of the quarter, the company had $10.3 million in cash and $13.3 million in working capital, with no long-term debt [1]. Operational Highlights - The Zacualpan/Guadalupe complex processed 69,185 tonnes of mill feed year-to-date 2025, a 4% increase from 66,797 tonnes in the same period of 2024 [4]. - Silver production from the Guadalupe complex was 295,131 ounces in the first half of 2025, a 2% increase from 289,443 ounces in the first half of 2024 [5]. - Lead production increased by 15%, and gold production improved by 58% to 237 ounces from 150 ounces in the comparative period [5]. - The average mill head grade for silver fell by 2% to 158 g/t compared to 161 g/t in 2024 [5]. Production and Cost Metrics - At Plomosas, the mill processed 27,747 tonnes year-to-date 2025, a 116% increase from 12,850 tonnes in the first half of 2024 [6]. - Direct costs per tonne at Plomosas fell to $230.14 in 2025 from $400.70 in 2024 [8]. - Revenue per tonne sold for the first six months in 2025 increased by 38% to $209.84 from $152.09 [5]. Strategic Outlook - The company anticipates further improvements in production and revenue due to ongoing exploration and development activities at both Zacualpan and Plomosas [10][11]. - Management plans to maintain active exploration and pursue strategic partnerships to enhance shareholder value [11].
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].