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Century Announces Filing of Second Quarter Financial Results and Management Discussion and Analysis for the Six Months Ended September 30, 2025
Globenewswire· 2025-11-11 13:00
Core Viewpoint - Century Global Commodities Corporation has filed its condensed consolidated interim financial statements for the second fiscal quarter ended September 30, 2025, indicating ongoing efforts in resource exploration and development [2][3]. Financial Performance - As of September 30, 2025, the company reported unrestricted free cash, bank deposits, and marketable securities totaling $3.4 million, a decrease from $4.2 million as of March 31, 2025 [3]. - The net working capital stood at $5.6 million, down from $6.0 million as of March 31, 2025, which is deemed sufficient for covering near-term administrative and basic mineral property development expenses [3][8]. Company Overview - Century Global Commodities Corporation is primarily engaged in resource exploration and development, with a significant portfolio of multi-billion tonne iron ore projects in Canada, alongside non-ferrous metals properties and a food distribution business in Hong Kong [4][6]. - The Joyce Lake Direct Shipping Iron Ore Project is the company's most advanced project, located in Newfoundland and Labrador, and is currently undergoing environmental assessment after completing an updated feasibility study in 2022 [5]. Subsidiary Operations - Century Food, a subsidiary of the company, operates a marketing and distribution business for quality food products sourced from Europe and Australia, targeting the Hong Kong and Macau markets [6].
[Video Enhanced] Argenta Silver CEO Joaquin Marias Addresses Shareholders at 1-Year Anniversary after 320% Share Price Increase
Thenewswire· 2025-10-28 17:00
Core Insights - Argenta Silver Corp. has successfully completed its first year of operations, focusing on the El Quevar Project and establishing a strong team and reputation in the industry [6][20]. - The company has raised a total of C$35 million, with only C$12 million spent so far, indicating a strong financial position for future exploration and development [10]. - Significant drilling results have been achieved, including surface results exceeding 20,000 g/t Ag and notable drill intercepts, which suggest the potential for substantial silver deposits [18]. Company Overview - Argenta Silver was founded with the ambition to become a leading silver company in Latin America, emphasizing exploration and production across multiple operations [8]. - The company operates through its 100%-owned subsidiary, Silex Argentina S.A., which has built trust with local communities and government [7]. - The leadership team is culturally diverse and technically strong, contributing to the company's global reputation for partnership and transparency [6]. Financial Highlights - The company raised C$15.3 million through a private placement shortly after acquiring the El Quevar Project [2]. - Of the C$35 million raised, C$5 million was allocated to the acquisition of the project, while C$8 million was spent on operations, including extensive geological work [10]. - Future capital allocation plans include approximately 40% for resource expansion and 60% for exploration, ensuring a balanced approach to growth [14]. Exploration and Development Plans - Argenta plans to conduct 12,000 to 15,000 meters of drilling and geophysical surveys in the upcoming season, targeting both new and historical areas [13]. - The company aims to address the historical unbalanced exploration approach by focusing on areas with high potential for new deposits [15]. - A systematic approach to reintroducing the El Quevar project to the market is underway, following a decade of dormancy under previous management [16]. Key Milestones - Major milestones include the acquisition of the El Quevar Project on October 24, 2024, and significant investments from high-profile individuals such as Eduardo Elsztain [21]. - The company has achieved notable drilling results, including 533 g/t silver over 20.20 meters and 1,026 g/t silver over 40 meters [21]. - The foundational Mineral Resource Estimate of the Yaxtché deposit indicates an indicated resource of 45.3 million ounces of silver at a grade of 482 g/t Ag [22].
Gold Port Advances Exploration Momentum with New Private Placement
Prnewswire· 2025-10-27 21:10
Core Viewpoint - Gold Port Corporation is initiating a non-brokered private placement to raise up to CAD$1,282,500 for advancing its Groete Gold Copper Project in Guyana, which has significant resource potential and is strategically located [1][3][5]. Financing Details - The company plans to issue up to 17,100,000 units at a price of CAD$0.075 per unit, with each unit consisting of one common share and one transferable common share purchase warrant [1][2]. - Each warrant allows the holder to acquire an additional common share at an exercise price of CAD$0.10, valid for five years from the closing date [2]. Project Overview - The Groete Gold Copper Project hosts a NI 43-101 Inferred resource of 1.57 million ounces Cu-Au equivalent, with potential for expansion [3][6]. - An initial drill campaign of up to 10,000 meters is planned to upgrade the existing resource and explore new target zones [4]. Market Context - The project is well-positioned with excellent accessibility via the Essequibo River system, and recent gold prices have exceeded US$4,000 per ounce, enhancing its value proposition [5][6]. - The historical resource calculation was based on a gold price of US$1,275 per ounce, indicating a strong opportunity in the current metals market [5].
Vizsla Silver Outlines Its 2025 Exploration Program at Panuco, Highlighting Significant Upside Potential
Newsfile· 2025-07-29 15:00
Core Viewpoint - Vizsla Silver Corp has announced an expanded exploration program at its Panuco silver-gold project, indicating significant upside potential for resource growth and production [1][2]. Company Overview - Vizsla Royalties Corp holds a 3.5% NSR royalty on the proposed Panuco PEA mine plan and a 2% NSR royalty on other exploration concessions in the Panuco district [1]. - The company is positioned to benefit from any growth in resource and production potential without dilution or capital outlay [3]. Exploration Objectives - Vizsla Silver aims to complete over 25,000 meters of exploration drilling, with approximately 8,000 meters already completed [8]. - An Airborne Electromagnetic (TEM) survey covering over 1,000 line-kilometers is planned, along with advancing mapping of the district to achieve 70% coverage [8]. - A Feasibility Study is targeted for completion in the second half of 2025, with initial production expected in the second half of 2027 [3]. Resource Base - Vizsla Silver has defined a global resource base of over 2.7 million gold equivalent ounces in the Measured and Indicated (M+I) category, plus an additional 1.7 million ounces in the Inferred category at the Panuco project [2]. - These resources represent only about 8% of the known vein potential within the district, indicating substantial room for expansion [2]. Financial Metrics - A Preliminary Economic Study for the Panuco project published in July 2024 highlights an annual production of 15.2 million ounces of silver equivalent over an initial mine life of 10.6 years, with an after-tax NPV5% of US$1.1 billion, an 86% IRR, and a 9-month payback period at silver and gold prices of US$26/oz and US$1,975/oz respectively [5].
Antipa Minerals set to unlock gold-copper potential in WA's booming Paterson Province
Proactiveinvestors NA· 2025-06-19 07:01
Core Insights - The Paterson Province in Western Australia is emerging as a global exploration hotspot, attracting major players like Greatland Gold and Rio Tinto, with Antipa Minerals Ltd strategically positioned to capitalize on this trend [1][8]. Company Overview - Antipa Minerals holds over 4,100 square kilometers of exploration tenements and is advancing its flagship Minyari Dome Gold-Copper Development Project, located near significant deposits like Greatland's Telfer mine and Rio Tinto's Winu project [2][9]. - The Minyari Dome project hosts a resource of 2.9 million ounces of gold equivalent, including 2.4 million ounces of gold and 69,000 tonnes of copper, making it a cornerstone of Antipa's growth strategy [9][11]. Exploration and Development - Antipa is expanding its exploration beyond Minyari Dome, focusing on targets like Parklands and Jezabeel, which show large surface gold anomalies [4][20]. - The company is conducting a robust exploration program, including a Phase 1 drilling program with 57 reverse circulation holes and four diamond core holes, aimed at extending known mineralization [15][19]. Financial Position - Antipa has a strong financial position with a cash balance of $40 million and zero debt, allowing for accelerated exploration and development without external funding [23][26]. - The company's market capitalization stands at $437 million, supported by institutional backing from companies like Greatland Gold and IGO [26]. Leadership and Strategy - Antipa is led by an experienced team, including CEO Roger Mason, who has 37 years of experience in exploration and mining operations, providing the company with the necessary expertise to advance its projects [27][32]. - The company is committed to responsible and sustainable development, focusing on building relationships with local communities and stakeholders [31][32]. Future Outlook - Antipa's ongoing drilling campaigns and exploration programs are expected to generate significant news flow throughout 2025, with the potential for new gold and copper discoveries [33].
Erdene Announces Year-End Results and Provides Bayan Khundii Project Update
Globenewswire· 2025-03-25 11:04
Core Viewpoint - Erdene Resource Development Corp. has made significant progress in the development of the Bayan Khundii Gold Project, with construction exceeding 80% completion and first gold production expected in Q3 2025 [2][4][10]. Bayan Khundii Gold Project - The Bayan Khundii gold mine is one of the highest grade open-pit gold mines under development globally and is projected to be Mongolia's largest primary gold producer upon reaching full production [2]. - As of March 2025, construction progress has surpassed 80%, with key facilities expected to be completed in Q1 and early Q2 2025 [2][4]. - The process plant is 67% complete, with commissioning expected to start in May 2025 [7]. - Expansion drilling in 2024 returned the highest grades to date, indicating strong growth potential for the project [2][10]. Financial and Operational Highlights - The company incurred US$83 million in expenditures by the end of Q4 2024, with capital expenditures expected to increase by approximately 15% from the initial budget of US$100 million due to inflation and other factors [7]. - A net loss of $8,245,886 was recorded for the year ended December 31, 2024, compared to a net income of $522,043 in 2023 [12]. - Exploration and evaluation expenses totaled $1,852,642 for 2024, up from $847,010 in 2023 [12]. Exploration Activities - A 15,000-meter ore-control drill program was conducted, confirming high-grade domains and indicating areas for potential resource growth [7][8]. - Significant drill results included intersections of 101.0 g/t gold over 4 meters and 115.1 g/t gold over 4 meters [7][10]. - A new gold prospect was discovered 4.5 km west of the Zuun Mod molybdenum-copper deposit, with high-grade samples returned from the Greater Dark Horse area [7]. Strategic Alliances and Financing - A strategic alliance with Mongolian Mining Corporation (MMC) was closed, with MMC investing US$40 million for a 50% equity interest in the company holding the Bayan Khundii Project [7]. - The company secured up to US$80 million in shareholder loans from MMC, with a five-year bullet maturity and an interest rate of 13.8% per annum [12].