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Goliath Resources Engages JDS Energy & Mining Inc. To Forge Plans To Drive An Exploration Adit At Its Surebet Discovery, Golddigger Property, Golden Triangle, B.C.
Globenewswire· 2025-05-05 11:08
Drill-out of all high-grade Surebet lodes will be more easily and cheaply facilitated from underground vantages.Underground access to the Bonanza Zone will enable geological confirmation of this important high-grade lode and potentially enable bulk sampling.Goliath looks forward to mobilizing shortly for its aggressive 2025 drill campaign. TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce world reno ...
Apollo Silver Appoints Ross McElroy as President and CEO
Globenewswire· 2025-05-05 11:00
VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce the appointment of Mr. Ross McElroy as President and CEO, effective immediately, succeeding Mr. Andrew Bowering, who will remain as Chair of the Board. Mr. McElroy joins Apollo following the successful acquisition of Fission Uranium, a company he co-founded and eventually led as CEO, by Paladin Energy in a $1.14 billion transaction. Mr ...
Halcones Precious Metals Closes Non-Brokered Offering
Globenewswire· 2025-05-02 11:00
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX-V: HPM) (the “Company” or “Halcones”) announces it has closed, on an upsized basis, its previously-announced non-brokered private placement of units (the “Offering”) of the Company (the “Units”) pursuant to which the Company issued 10,204,153 Units at a p ...
Eldorado Gold Announces Amended Normal Course Issuer Bid
GlobeNewswire News Room· 2025-05-01 21:41
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to amend its normal course issuer bid (the “NCIB”) effective as of May 6, 2025. The amendment increases the maximum number of common shares (the "Shares") of the Company that may be repurchased from the current 350,000 Shares to 10,245,474 Shares, representing approximately 5% of the total 204, ...
Endeavour Silver Completes Acquisition of Minera Kolpa
Globenewswire· 2025-05-01 21:00
Core Viewpoint - Endeavour Silver Corp. has successfully completed the acquisition of Compañia Minera Kolpa S.A. and its main asset, the Huachocolpa Uno Mine, for a total consideration of $145 million [1][2]. Acquisition Details - The acquisition includes $80 million in cash and $65 million in common shares, with potential additional contingent payments of up to $10 million [2]. - Endeavour will also assume approximately $20 million in net debt from Minera Kolpa [2]. Financing - The company closed a $35 million copper stream with Versamet Royalties Corporation to fund the cash component of the acquisition [3]. - Additionally, a $50 million bought deal equity financing was previously announced to support the acquisition [3]. About Kolpa Mine - The Huachocolpa Uno Mine has over 25 years of continuous production and currently operates at a capacity of 1,800 tonnes per day (tpd) [4]. - In 2024, the mine produced 2.0 million ounces of silver and in Q1 2025, it produced 567,269 ounces of silver [4]. - The mine is expected to expand its capacity to 2,500 tpd, with an environmental permit obtained for this expansion [5]. Capital Expenditures - Sustaining capital for the remainder of the year is estimated at $13 million, which includes various infrastructure projects [5]. - An $8 million exploration program is planned to further define and expand recent discoveries [6]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru [7]. - The company aims to become a premier senior silver producer and has a portfolio of exploration projects in multiple countries [7].
TUDOR GOLD Receives Five Year Exploration Permit to Advance the Treaty Creek Project
Newsfile· 2025-05-01 15:48
TUDOR GOLD Receives Five Year Exploration Permit to Advance the Treaty Creek ProjectMay 01, 2025 11:48 AM EDT | Source: Tudor Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") is pleased to announce that it has received exploration permits from the British Columbia Ministry of Mining and Critical Minerals for its flagship Treaty Creek Property, located in the heart of the Golden Triangle of Northwestern Br ...
ESGold Appoints Mining Executive Peter Espig to Board of Directors
Globenewswire· 2025-05-01 12:30
Veteran mining executive and financier joins ESGold’s board as it accelerates towards gold productionVANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- via IBN -- ESGold Corp. (“ESGold” or the “Company”) (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) is pleased to announce the appointment of seasoned mining executive and former global investment banker Peter Espig to its Board of Directors, effective immediately. With deep roots in both global capital markets and operational mining leadership, Mr. Espig b ...
Imperial Reports Production Update for 2025 First Quarter and Petition Filed Relating to the Mount Polley Tailings Storage Facility Raise
Globenewswire· 2025-04-23 22:31
Core Viewpoint - Imperial Metals Corporation reported significant increases in copper and gold production for Q1 2025 compared to Q1 2024, with copper production up 28% and gold production up 33% [1] Production Summary Mount Polley Mine - Copper production for Q1 2025 was 8.904 million pounds, up from 7.355 million pounds in Q1 2024, representing a 21% increase [2][3] - Gold production for Q1 2025 was 10,621 ounces, compared to 10,009 ounces in Q1 2024, a 6% increase [2][3] - Ore milled increased to 1,721,769 tonnes in Q1 2025 from 1,671,505 tonnes in Q1 2024, a 3% increase [3] - Copper grade improved to 0.282% in Q1 2025 from 0.251% in Q1 2024, while gold grade slightly decreased to 0.275 g/t from 0.282 g/t [3] - Recovery rates for copper and gold improved to 83.3% and 69.8% respectively in Q1 2025, compared to 79.4% and 66.0% in Q1 2024 [3] Red Chris Mine - Copper production for Q1 2025 was 23.126 million pounds, up from 16.660 million pounds in Q1 2024, a 39% increase [5][6] - Gold production for Q1 2025 was 21,663 ounces, compared to 9,507 ounces in Q1 2024, a 128% increase [5][6] - Ore milled decreased slightly to 2,049,475 tonnes in Q1 2025 from 2,100,354 tonnes in Q1 2024 [6] - Copper grade increased significantly to 0.62% in Q1 2025 from 0.43% in Q1 2024, while gold grade improved to 0.54 g/t from 0.26 g/t [6] - Recovery rates for copper and gold were 82.6% and 60.5% respectively in Q1 2025, compared to 83.4% and 53.6% in Q1 2024 [6] Legal and Community Engagement - Xatśūll First Nation filed a Petition in the Supreme Court of British Columbia seeking a judicial review of decisions that authorized an increase in the height of the dam at the Tailings Storage Facility [8][9] - The petition alleges that the decisions were made without a legally required environmental assessment and breached duties owed to Xatśūll as an Indigenous people [9] - Imperial and its subsidiary, Mount Polley Mining Corporation, have engaged with Indigenous communities, including Xatśūll, throughout the permitting process and have maintained a positive relationship with the Williams Lake First Nation [10]
Quebec Precious Metals Announces Shareholder Approval of Arrangement with Fury Gold
Newsfilter· 2025-04-22 22:21
Core Viewpoint - Fury Gold Mines Limited has successfully obtained overwhelming shareholder approval for its acquisition of Quebec Precious Metals Corporation, indicating strong support for the transaction and potential growth opportunities for both companies [1][4]. Group 1: Transaction Details - The Arrangement involves Fury Gold acquiring all issued and outstanding QPM Shares at a ratio of 0.0741 Fury Gold Shares for each QPM Share, valuing each QPM Share at approximately C$0.04 based on the 20-day volume weighted average price [1]. - A total of 50,449,020 QPM Shares were represented at the special meeting, constituting 48.67% of the total issued shares, which met the quorum requirement [2]. - The Arrangement Resolution required at least two-thirds (66⅔%) approval from the votes cast, and it received 88.72% support from the shareholders present [3][4]. Group 2: Next Steps and Regulatory Approval - QPM plans to seek a final court order to approve the Arrangement on April 25, 2025, with the transaction expected to close around April 28, 2025, pending customary closing conditions [5]. - Following the completion of the Arrangement, QPM Shares are anticipated to be delisted from the TSXV and the Frankfurt Stock Exchange [5]. Group 3: Company Profiles - Fury Gold Mines Limited is focused on exploration in Canada, holding a significant position in Dolly Varden Silver Corp and aiming to expand its gold platform through rigorous project evaluation [6]. - Quebec Precious Metals Corporation has a substantial land position in the Eeyou Istchee James Bay territory and is advancing its Sakami gold project and a lithium showing on the Elmer East project [7].
Fortuna to release first quarter 2025 financial results on May 7, 2025; Conference call at 12 p.m. Eastern time on May 8, 2025
GlobeNewswire News Room· 2025-04-22 09:00
VANCOUVER, British Columbia, April 22, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its financial statements and MD&A for the first quarter on Wednesday, May 7, 2025, after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, May 8, 2025, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief Financial Officer, Cesa ...