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Silver Crown Provides Corporate Update
Thenewswire· 2025-08-01 21:00
TORONTO, ON, August 1, 2025 – TheNewswire - Silver Crown Royalties Inc. (Cboe: SCRI; OTCQX: SLCRF; FRA: QS0) (“Silver Crown”, “SCRi” or the “Company”) announces that it has become aware that Gold Mountain Mining Corp. (“Gold Mountain”) and its two subsidiaries, Bayshore Minerals Incorporated and Elk Gold Mining Corporation ("Elk Gold") have been placed under receivership proceedings. The Company holds the Elk Gold royalty pursuant to the royalty agreement with Elk Gold (the “Elk Gold Royalty”) (for more in ...
American Pacific Mining (USGD.F) Update / Briefing Transcript
2025-07-30 18:00
Summary of American Pacific Mining (USGD.F) Update / Briefing July 30, 2025 Company Overview - American Pacific Mining has a market capitalization of approximately $56 million and $13 million in cash [4] - The company has two flagship assets: the Madison project and the Palmer project, along with a portfolio of high-grade gold and silver projects in Nevada [4] Key Highlights from the Madison Project - Significant drilling results have been reported, with a notable hole yielding 10.2 grams of gold over 7.6 meters, including a peak of 41 grams [5] - Historical mine areas at Madison and Broadway are now connected for the first time, indicating a potential for increased mineralization [6][14] - The company is working towards a resource estimate for the SCARN system, expected next year [6] - A deep porphyry target is being explored, with plans to drill deeper holes (up to 900 meters) to penetrate this target [36][41] Drilling and Exploration Insights - Nearly 60,000 meters of drilling and over 15,000 samples have contributed to a robust geological model [15][34] - The exploration has revealed geochemical signatures indicative of a buried porphyry system, with pathfinders such as gold, silver, arsenic, and bismuth being identified [21][22] - The alteration assemblages and mineralization patterns suggest a connection between the Madison and Broadway systems, with a potential for significant resource expansion [28][29] Future Plans and Opportunities - A second drill program is set to commence in September, with multiple press releases expected leading up to it [45][61] - The Palmer project, which has seen $110 million invested, is also highlighted as a significant opportunity, particularly for copper [46] - The company is exploring potential spinouts and joint ventures for other high-grade projects in Nevada [47] Additional Considerations - The historical context of the Broadway mine, which produced 144,000 ounces of gold at an average grade of 9.9 grams per ton, is noted as a significant aspect of the current exploration [13] - The exploration footprint has been expanded to 4 by 2 kilometers, indicating a broader area of interest beyond previously drilled zones [25] - The potential for copper and other mineralization types, including CRD (Carbonate Replacement Deposits), is being actively investigated [24] Conclusion - American Pacific Mining is positioned for significant exploration and drilling activities in the coming months, with promising geological findings and a strategic focus on both the Madison and Palmer projects [61]
Austral Gold Provides Update on Casposo Plant Refurbishment
Newsfile· 2025-07-30 01:03
Core Viewpoint - Austral Gold Limited is making significant progress on the refurbishment of its Casposo Plant in Argentina, with commissioning expected in August 2025 and commercial operations set to begin in the second half of 2025 [2][3]. Refurbishment Progress - Key activities for Q2 2025 have largely been completed, with the remaining tasks expected to finish by early August [3]. - The primary crusher refurbishment has been completed, while the SAG mill relining and installation of new hydrocyclones are currently underway [4][3]. - The company has repaired the SAG mill engine and the engines for leaching tanks, with modifications to piping and ducts also completed [4]. Workforce Development - The company currently employs 55 individuals, with plans to increase the workforce by approximately 61 employees in August 2025, bringing the total to 116 [11]. - A targeted training program has been conducted in Calingasta Village to develop a skilled local workforce for plant operator roles [11][12]. Future Plans - The company aims to finalize the SAG mill relining, complete the installation of new hydrocyclones, and test the plant's electrical circuits before commissioning [13]. - An independent consultant is preparing a technical report to assess the feasibility of processing Casposo's mineralized material, complying with NI 43-101 and JORC 2012 standards [2].
Torex Gold Resources (TORX.F) M&A Announcement Transcript
2025-07-28 13:00
Summary of Torex Gold Resources (TORX.F) Conference Call on Acquisition of Prime Mining Company and Industry - **Company**: Torex Gold Resources (TORX.F) - **Acquisition Target**: Prime Mining - **Key Asset**: Dos Reyes project located in Sinaloa, Mexico - **Industry**: Mining, specifically gold and silver production Core Points and Arguments 1. **Transaction Overview**: Torex Gold announced a friendly acquisition of Prime Mining, emphasizing the strategic fit and potential upside for shareholders of both companies [5][6][10] 2. **Asset Quality**: The Dos Reyes project is described as a multimillion-ounce gold and silver project with high potential, located in a jurisdiction where Torex has extensive operational experience [6][10] 3. **Transaction Terms**: The acquisition involves a plan of arrangement where Torex shareholders will own 89.3% of the combined company, with Prime shareholders holding 10.7%. The deal values Prime at approximately CAD $449 million, representing a 32.4% premium based on recent share prices [7][9] 4. **Strategic Benefits for Torex**: The acquisition diversifies Torex's asset base, enhances its production profile, and provides significant exploration upside. The Los Reyes project is expected to contribute to Torex's growth story [10][11] 5. **Benefits for Prime Shareholders**: Prime shareholders will receive an immediate premium and gain exposure to Torex's flagship Morelos Complex, enhancing asset and commodity diversification [12][13] 6. **Exploration Potential**: The Los Reyes project has a substantial mineral resource estimate, with ongoing exploration expected to expand this resource. The project has identified multiple mineralized zones and targets for future drilling [19][40] 7. **Development Timeline**: A Preliminary Economic Assessment (PEA) is targeted for mid-2026, with plans to advance through feasibility studies and into production thereafter [26][46] 8. **Permitting and Security Considerations**: The permitting landscape for open-pit mining in Mexico is improving, and while security concerns have paused drilling, the company is optimistic about resuming operations safely [28][48] Other Important Content 1. **Historical Production**: The Los Reyes project has historical production dating back to the 1700s, with significant gold and silver output, indicating a long mining history and established infrastructure [16][18] 2. **Community Engagement**: Torex plans to replicate its successful community engagement strategies from Morelos at Los Reyes, which is crucial for project development [22][46] 3. **Future M&A Opportunities**: Torex is open to further acquisitions to build a focused precious metals company in the Americas, indicating a strategic growth plan beyond the current acquisition [49][50] This summary encapsulates the key points discussed during the conference call regarding the acquisition of Prime Mining by Torex Gold, highlighting the strategic rationale, potential benefits, and future plans for both companies.
Here's Why Momentum in McEwen (MUX) Should Keep going
ZACKS· 2025-07-25 13:51
Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires strong fundamentals to maintain that momentum. Group 1: Stock Price Movement - The direction of a stock's price can reverse quickly, leading to potential short-term capital losses for investors [2] - A predefined "Recent Price Strength" screen can help identify stocks that are on an uptrend, supported by strong fundamentals and trading near their 52-week high [3] Group 2: McEwen Mining (MUX) Analysis - McEwen Mining (MUX) has shown a solid price increase of 52.9% over the past 12 weeks, indicating investor confidence in its potential upside [4] - MUX has also experienced an 18.3% price increase over the last four weeks, suggesting that the upward trend is still intact [5] - Currently, MUX is trading at 94.5% of its 52-week high-low range, indicating a potential breakout [5] Group 3: Fundamental Strength - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging a +25% annual return since 1988 [7] Group 4: Investment Strategy - The article suggests that MUX may continue its price trend, and encourages investors to explore other stocks that meet the "Recent Price Strength" criteria [8] - It highlights the importance of backtesting stock-picking strategies to ensure past profitability, which can be facilitated by tools like the Zacks Research Wizard [9]
ESGold Strengthens Broken Hill Analogue Theory with Peer-Reviewed University of Studies
Newsfile· 2025-07-24 14:22
Core Viewpoint - ESGold Corp. has validated its Broken Hill-type geological analogue theory for the Montauban Gold-Silver Project through recent seismic imaging results from an Ambient Noise Tomography (ANT) survey, reinforcing the project's exploration potential [1][3][4]. Group 1: Geological Validation - The ANT survey results support the idea that Montauban shares significant genetic and structural similarities with the Broken Hill deposit in New South Wales, Australia [1][5]. - Independent peer-reviewed studies from the University of Calgary and the University of British Columbia confirm that Montauban exhibits structural and geochemical traits akin to Broken Hill, one of the world's largest polymetallic deposits [5][6][13]. - The studies highlight key processes such as sulphide melting and remobilization that enriched and vertically redistributed precious metals, which are critical for deeper discovery [5][14]. Group 2: Exploration Potential - The data shifts Montauban from a historic producer to a high-impact exploration opportunity, indicating a structurally complex, vertically continuous mineral system [3][4]. - ESGold's exploration plan aims to unlock greater potential than previously envisioned, combining academic research with advanced imaging and historical data [4][6]. - The ANT survey has imaged mineralized zones down to 1,200 metres, validating the depth potential of Montauban and supporting the vertical stacking model predicted by academic studies [5][8]. Group 3: Technical Insights - The geological study by Dr. Andrew G. Tomkins at the University of Calgary provides a foundation for understanding Montauban as a complex, metamorphosed VMS system enriched in gold and silver [6][14]. - Key technical parallels between Montauban and Broken Hill include metamorphic grade and sulphide remobilization, confirming the vertical continuity of mineralization [7][10]. - The discovery of rhodonite, a mineral associated with Broken Hill-type systems, adds further weight to the analogue model [12]. Group 4: Next Steps in Development - ESGold is advancing a multi-track strategy for both development and exploration at Montauban, including a low-capex, high-margin tailings recovery strategy to generate near-term cash flow [18][19]. - A refined 3D geological model is being developed to guide upcoming drill targeting, integrating ANT survey data, historical drilling, and structural overlays [19]. - The expansion of the Montauban processing facility and site infrastructure is underway to support the company's near-term production goals [19].
Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico
Newsfile· 2025-07-24 08:00
Core Viewpoint - Questcorp Mining Inc. is advancing its exploration efforts at the La Union Gold-Silver Project in Sonora, Mexico, in preparation for a drilling program scheduled for mid-August 2025 [1][2][3]. Group 1: Project Overview - The La Union Project spans 2,520 hectares and is characterized as a carbonate replacement deposit (CRD) hosted by Neoproterozoic sedimentary rocks overlying crystalline Paleoproterozoic rocks [5]. - The project features high-grade mineralization with notable grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, and 2.2% copper, indicating significant potential for large gold discoveries [5]. Group 2: Exploration Activities - Surface exploration is ongoing, with the identification of multiple stacked thrust faults in the mineralized area, which may enhance the potential for mineralization [2][3]. - Rock and soil sampling is being conducted, with numerous samples sent for laboratory analysis, and results are expected in the coming weeks [4]. Group 3: Drilling Preparations - A 1,500-meter maiden drill program is set to commence in mid-August 2025, with drilling contractors touring the site and road maintenance underway [2][4]. - The management is focused on prudent financial management of exploration expenditures to de-risk the upcoming drilling program [2].
Volcanic Gold Closes Upsized Private Placement, Raising $1.66 Million
Thenewswire· 2025-07-17 17:00
Group 1 - Volcanic Gold Mines Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $1,664,200 by issuing 13,868,332 units at a price of $0.12 per unit [1] - Each unit consists of one common share and one warrant, allowing the holder to purchase an additional common share at $0.16 for two years after closing [1] - The company plans to use the proceeds to fund exploration activities on the Holly Property in Guatemala and for general working capital [2] Group 2 - Finder's fees for the financing included cash payments of $23,712 and 197,599 warrants with the same terms as the unit warrants [3] - Securities issued in the placement are subject to a resale restriction until November 16, 2025, and the private placement is pending final approval by the TSX Venture Exchange [3] Group 3 - Volcanic Gold Mines Inc. aims to build multi-million-ounce gold and silver resources in underexplored countries through strategic acquisitions and effective exploration programs [4]
Bear Creek Mining Announces Q2 2025 Mercedes Production Results and Drawdown of Funds
Newsfile· 2025-07-16 12:00
Core Viewpoint - Bear Creek Mining Corporation reported production results for Q2 2025, indicating a total of 7,973 ounces of gold and 33,932 ounces of silver from the Mercedes Mine, reflecting challenges in production efficiency due to contractor performance issues [1][2]. Production Results - The company mined 91,941 tonnes of ore in Q2 2025, down from 102,886 tonnes in Q1 2025 - Ore processed decreased to 89,488 tonnes in Q2 2025 from 105,611 tonnes in Q1 2025 - Gold grade processed improved to 2.88 grams per tonne (gpt) from 2.56 gpt in the previous quarter - Gold recovery rate increased to 96% from 95% in Q1 2025 - Gold ounces produced decreased from 8,262 in Q1 2025 to 7,973 in Q2 2025 - Silver ounces produced also decreased from 36,466 in Q1 2025 to 33,932 in Q2 2025 - Development meters fell to 1,828 from 2,469 in Q1 2025 [2][3]. Contractor Performance and Recovery Plan - The underperformance of a mining contractor engaged in late 2024 led to production challenges, prompting the company to terminate the mining services agreement in May 2025 - A comprehensive recovery plan is being implemented to enhance production efficiency, with a transition to a new contractor for the Marianas deposit, which is expected to be a major contributor to production in 2025 [2][3]. Strategic Review - The ongoing Strategic Review, initiated on March 4, 2025, is exploring various options including recapitalization, asset sales, mergers, and joint ventures, although no guarantees exist regarding the outcome [4]. Financial Drawdown - The company drew down US$2.4 million from the 2025 Sandstorm Note on July 14, 2025, with a total of US$3.6 million drawn to date - The remaining amount available for drawdown is up to US$2.9 million, subject to approval by Sandstorm - The note has a principal amount of US$6.5 million, an interest rate of 7% per annum, and matures on September 22, 2028 [5][6]. Working Capital Deficiency - As of December 31, 2024, the company reported a working capital deficiency of US$93.2 million, raising concerns about its ability to continue operations without additional financing [9].
ESGold's (ESAU) (ESAUF) Gold-Silver Project - Risk-Off in a Risky Industry
Newsfile· 2025-07-16 11:00
Core Viewpoint - ESGold Corp. is positioned as a fully permitted, pre-production gold and silver miner with a focus on minimizing risks for shareholders through strategic management and operational decisions [1][4]. Company Strategy - The company was founded with a philosophy of protecting shareholders, emphasizing fast-tracking production and minimizing dilution through careful property selection and management [3][4]. - New CEO Gordon Robb brings over ten years of experience in investment banking and capital markets, aligning with the company's shareholder-first philosophy [5][7]. - ESGold aims to generate cash flow quickly by processing tailings from the Montauban Project, allowing for reinvestment into further exploration [10][21]. Project Development - The Montauban Project, located 80 km west of Quebec City, is seen as a model for redeveloping legacy sites into cash-flow-generating projects [9]. - Recent Ambient Noise Tomography (ANT) surveys revealed geological structures extending to depths of 1,200 meters, suggesting a potential district-scale mineral system rather than a singular deposit [12][13]. - The company is expanding its mine building from 2,000 square feet to 4,000 square feet to support increased operational needs [10]. Exploration Potential - The ANT survey results indicate that Montauban may host multiple mineralized lenses, enhancing its exploration potential and positioning it alongside world-class deposits [14][17]. - The integration of historical data and new seismic imaging is expected to identify next-generation discovery zones [16]. Environmental and Social Governance (ESG) - ESGold's approach includes converting legacy tailings into valuable resources, promoting environmental restoration while addressing modern mining challenges [18][19]. - The company emphasizes the importance of being socially responsible and compliant with government regulations in its operations [19]. Financial Outlook - ESGold is fully permitted and close to production, with a mill on-site and tailings ready for processing, which is expected to lead to positive cash flow [21].