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Quimbaya Gold Announces Termination of LOI with Denarius Metals
Newsfile· 2025-08-02 00:06
Core Viewpoint - Denarius Metals Corp. has terminated the binding Letter of Intent for a joint venture with Quimbaya Gold Inc. regarding the Tahami Project in Colombia, which was initially announced on May 7, 2025 [1][2] Company Overview - Quimbaya Gold Inc. retains 100% ownership of the Tahami Project, including the drill-ready Tahami South, and is focused on its fully funded exploration program for 2025-2026, which includes a 4,000-meter drill campaign [3][5] - The company is committed to responsible mining and community engagement while exploring alternative structures to support the formalization of artisanal mining in the region [4][5] Future Plans - The exploration plans for the Tahami Project are on track, and the company continues to evaluate opportunities that can responsibly advance the project and generate long-term value for stakeholders [5]
WESTERN COPPER AND GOLD PROVIDES UPDATE ON ESE SUBMISSION
Prnewswire· 2025-07-15 11:30
Core Viewpoint - Western Copper and Gold Corporation is advancing its Casino Project by submitting an Environmental and Socio-economic Effects Statement (ESE Statement) to the Yukon Environmental and Socio-economic Assessment Board (YESAB) by the end of October 2025, highlighting the project's commitment to sustainability and community engagement [1][2][4]. Group 1: Project Development - The ESE Statement includes extensive technical work, environmental and socio-economic baseline studies, and assessments [2]. - The company is in the final stages of compiling and refining the ESE Statement, indicating significant progress in the project [3]. - Western Copper and Gold Corporation is the first to undertake a Panel Review in the Yukon, which is the highest level of rigor for project assessment in the territory [4]. Group 2: Community Engagement - The company has achieved a high level of consultation with First Nations and local communities, which is enhancing the project's strength [2]. - The feedback from community engagement is being integrated into the project development process [2]. Group 3: Strategic Positioning - The Casino Project is positioned as one of Canada's largest and most advanced critical minerals projects, aligning with Yukon and Federal priorities around resource security and infrastructure development [4][5]. - The company emphasizes its commitment to responsible mining technologies and practices while collaborating with local communities [5].
Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia
Thenewswire· 2025-07-11 12:05
Core Points - Blue Lagoon Resources Inc. has officially opened its Dome Mountain Gold Mine Project, which recently received its mining permit, making it one of only nine mining permits granted in British Columbia in the past decade [1][11] - The project is notable for being a high-grade, road-accessible gold project that has reached production-ready status in recent years [1] - The opening ceremony was attended by over 100 guests, including dignitaries and representatives from various governmental agencies, highlighting the project's significance for the region [2][3] Company Overview - Blue Lagoon Resources is a Canadian publicly listed mining company focused on developing its 100% owned Dome Mountain Gold project, with a goal of becoming a cash-flowing mining company [11] - The company achieved a key milestone by obtaining a full mining permit in February 2025, which is one of only nine such permits issued in British Columbia since 2015 [11] - The company is now preparing for the start of gold production, targeting Q3 2025 [11] Project Details - The Dome Mountain Gold Mine Project features a state-of-the-art water treatment plant capable of treating over six times the current needs at the site, ensuring long-term environmental resilience [5] - Pre-production work is set to begin next week, with mining expected to commence immediately after the completion of the biological ramp-up phase of the Moving Bed Biofilm Reactor (MBBR) system, which is anticipated to take about four weeks [6][10] - The project has a strong technical team and strategic partnerships, including a long-term toll milling agreement with Nicola Mining [7][8] Community and Cultural Engagement - The opening ceremony included participation from the Lake Babine Nation, showcasing a commitment to cultural heritage and collaboration with local communities [4][5] - The presence of Hereditary Chiefs and Guardians from the Lake Babine Nation during the ceremony emphasized the importance of respectful collaboration in the mining process [4][5]
Dundee Precious Metals Announces Receipt of Environmental Licence for the Loma Larga Project and Provides Update on the Feasibility Study Results Timing
Globenewswire· 2025-07-07 10:45
Core Viewpoint - The Government of Ecuador has granted an environmental license for the Loma Larga project, marking a significant milestone for Dundee Precious Metals (DPM) and presenting a future growth opportunity with strong potential returns for investors [1][2][3]. Environmental License and Compliance - The environmental license was issued by the Ministry of Environment, Water and Ecological Transition on June 23, 2025, following a rigorous government process to ensure compliance with Ecuadorian standards [2]. - DPM's commitment to high environmental standards aligns with its proven development practices and international best practices [2][4]. Project Development and Community Engagement - DPM is preparing for formal negotiations regarding the exploitation agreement for the Loma Larga project [2]. - The company emphasizes responsible mining practices, focusing on environmental stewardship and water management, which includes minimizing the project's footprint and maximizing the recycling of processed water [4][8]. - DPM has engaged in proactive collaboration with local communities and government authorities since acquiring the project in 2021, aiming to foster strong relationships and invest in local workforce development [6][7]. Water Management and Environmental Stewardship - The project design includes wastewater treatment and storage facilities, fully lined tailings, and contact water storage ponds, adhering to both International Finance Corporation and Ecuadorian standards [9]. - DPM's approach to water management prioritizes the responsible use of water resources, minimizing freshwater use and ensuring the recycling of processed water [8][10]. Feasibility Study Update - An updated feasibility study for the Loma Larga project was completed in Q2 2025, reflecting current gold price conditions and revised capital and operating cost estimates, with results to be disclosed in due course [11]. Company Overview - Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations in Bulgaria, Serbia, and Ecuador, aiming to become a mid-tier precious metals company through sustainable and efficient gold production [12].
Osisko Development Appoints Susan Craig to Board of Directors as Independent Director
Globenewswire· 2025-06-16 21:00
Company Overview - Osisko Development Corp. is a North American gold development company focused on past-producing mining camps in mining-friendly jurisdictions with district-scale potential [5] - The company's objective is to become an intermediate gold producer by advancing its flagship Cariboo Gold Project in central British Columbia, Canada [5] - The project pipeline includes the Tintic Project in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico, both of which have significant exploration potential and access to existing infrastructure [5] Appointment of New Director - Ms. Susan Craig has been appointed as an independent director to the board of Osisko Development effective immediately [1] - Her experience includes over 35 years in the mining industry, focusing on regulatory, environmental, social, Indigenous, and community relations [2][4] - Craig's leadership in navigating high-profile projects through regulatory frameworks aligns with the company's values and strategic direction [2] Experience and Contributions - Ms. Craig has played a pivotal role in advancing projects through complex environmental assessment processes, including the 2004 EA process for NovaGold's Galore Creek project [3] - She has established landmark agreements with Indigenous nations and has been involved in socio-economic accords in Canada [3] - Craig has held senior leadership roles and has served on various boards, including the Yukon Energy Corporation and the Mining Association of BC [4] Recognition and Awards - Ms. Craig has received multiple industry awards for her leadership in sustainable development, including the 2017 Canadian Women in Mining Trailblazer Award [4] - She is recognized as a longstanding advocate for responsible mining practices [4]
Silvercorp Files Form 40-F Annual Report
Prnewswire· 2025-06-05 21:30
Core Viewpoint - Silvercorp Metals Inc. has filed its fiscal 2025 annual report on Form 40-F with the U.S. Securities and Exchange Commission, which includes audited financial statements and management's discussion [1][2] Company Overview - Silvercorp is a Canadian mining company engaged in the production of silver, gold, lead, and zinc, with a strong history of profitability and growth potential [3] - The company's strategy focuses on generating free cash flow from long-life mines, organic growth through extensive drilling, ongoing merger and acquisition efforts, and a long-term commitment to responsible mining and ESG [3]
Calibre Releases 2024 Sustainability Report, Reaffirming Commitment to Responsible Growth and Stakeholder Value
Globenewswire· 2025-05-20 10:30
Core Insights - Calibre Mining Corp. published its fifth annual Sustainability Report, showcasing strong economic performance and commitment to responsible mining practices [1][2] - The year 2024 was transformative for the company, marked by the development of the Valentine Gold Mine and a merger with Equinox Gold, emphasizing sustainability as a strategic priority [2][10] - The company aims to create lasting value for stakeholders through ethical practices and operational excellence [2][3] Environmental Stewardship - Calibre produced 164,355 trees for reforestation and carbon sequestration in Nicaragua [7] - The company prevented the use of 7.42 tonnes of mercury through its Artisanal and Small-scale Miners Ore Purchase Program [7] - A significant environmental incident was reported, leading to enhancements in management systems [7] Social Responsibility - Calibre distributed US$897 million in economic value across its sites, investing US$4.19 million in community development projects focused on education, health, and infrastructure [7] - The company supported 1,133 direct jobs, with 95% of the workforce being national and 82% from local communities [7] - Calibre resolved 93% of community grievances, with a renewed focus on response times and stakeholder engagement [7] Governance and Ethics - The company conducted a Human Rights Impact Assessment at the Eastern Borosi Mine, ensuring all operations in Nicaragua were assessed within the past three years [7] - Calibre achieved its fourth year of conformance with the World Gold Council's Responsible Gold Mining Principles [7] - The company improved its ESG risk ratings, with MSCI ESG upgraded to "A" and Sustainalytics score improved to 29.0, indicating medium risk [7] Financial and Investor Performance - Calibre generated US$586 million in revenue, driven by strong operational performance across all sites [7] - The company's share price increased by 60%, reflecting growing investor confidence and value creation [7] - The construction of the Valentine Gold Mine is advancing, with first gold production expected in Q3 2025 [7][10]
Burgundy Diamond Mines releases 2024 Socio-Economic Report
Globenewswire· 2025-05-08 16:13
Core Insights - Burgundy Diamond Mines Limited released its 2024 Socio-Economic Report, showcasing achievements in safety, operations, and social impact related to the Ekati Diamond Mine [1][2][3] Group 1: Socio-Economic Contributions - The company contributed $5.1 million across Canada's North through Impact Benefit Agreement payments, community donations, and sponsorships [8] - Employed 1,242 individuals, including 700 employees and 542 contractors, with 28% being northern residents, of which 60% were northern Indigenous [8] - Spent $431 million on business expenditures, with 68% allocated to Indigenous partners and other northern businesses; Indigenous spending accounted for 49% of total expenditures [8] Group 2: Operational Achievements - Burgundy Diamond Mines solidified its position as the largest G7 producer of natural diamonds, supplying 4% of global rough diamonds [8] - Achieved a milestone of 100 million carats mined over 26 years of ongoing production at the Ekati Diamond Mine [8] Group 3: Commitment to Responsible Mining - The report emphasizes the company's commitment to responsible mining and maintaining collaborative relationships with northern stakeholders and the government [3] - The company aims to manage its environmental footprint and govern its business in a transparent, ethical, and accountable manner [3][11]