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Jefferies:审视铜生产趋势_2025 年第一季度
2025-05-08 01:49
Global | Metals & Mining Examining Copper Production Trends: 1Q25, Part III We track copper production from miners that report quarterly volumes. These companies account for ~70% of global mined copper supply. Based on reports from the companies in our database that have reported 1Q volumes so far, total production for 1Q25 fell (as expected) 11.1% sequentially due to seasonal factors, but was flat y/y as production declines at Glencore, Freeport, and Anglo were offset by production increases at Anto, BHP, ...
Significant intercepts of gold and copper show Golden Eye emerging as a highly promising new resource prospect
Globenewswire· 2025-05-07 23:14
Core Insights - Cygnus Metals Limited has reported significant high-grade gold mineralization at the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec, with the best intercepts to date being 60.8g/t AuEq over 0.4m, including 51.3g/t Au, 7.2% Cu, and 18.0g/t Ag [1][6][13] - The results indicate the potential for valuable resource growth, with additional assay results expected soon from ongoing drilling [5][9][10] Drilling Results - Recent drilling results include: - 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu, 5.6g/t Ag) from 405.6m, with a notable interval of 3.1m @ 9.6g/t AuEq [6][13] - 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu, 3.3g/t Ag) from 463.8m, including the high-grade 0.4m @ 60.8g/t AuEq [6][13] - Historical drilling has shown significant intersections, such as 5.9m @ 34.1g/t AuEq and 4.5m @ 21.6g/t AuEq, indicating a strong potential for resource estimation [7][14] Project Development - The Golden Eye prospect is strategically located 3km from Cygnus' central processing plant, with existing dual ramp access within 150m of the mineralization [8][10] - Cygnus plans to compile new drilling results with historical data from 77 holes totaling 21,371m to complete an initial Mineral Resource Estimate for Golden Eye [10][15] Historical Context - The Chibougamau district has a rich history of gold and copper production, with over 3.5 million ounces of gold produced historically at an average grade of 2.1g/t Au [11][12] - Golden Eye has never been mined and was last drilled in the early 1990s when gold prices were significantly lower [6][10] Future Outlook - Cygnus aims to leverage ongoing exploration and data compilation to identify additional drill targets and enhance resource growth, focusing on low-risk brownfield exploration [15][12] - The company is positioned to benefit from historically high gold prices, making Golden Eye a potential growth driver [8][9]
Amerigo Announces Q1-2025 Results & Quarterly Dividend
Globenewswire· 2025-05-07 11:30
Q1-2025 Net Income of $3.3 million Robust EBITDA1 of $15.2 million and Free Cash Flow to Equity1 of $4.8 million 15th Quarterly Dividend of Cdn$.03 Declared $4.6 million Returned through Dividends and Share Buybacks in Q1-2025 VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce a strong financial performance for the three months ended March 31, 2025 (“Q1-2025”). Dollar amounts in this news release a ...
Barrick Reports Solid Q1 Results and Progress on Strategic Growth Objectives
Globenewswire· 2025-05-07 10:00
First Quarter 2025 ResultsAll amounts expressed in U.S. dollars unless otherwise indicated TORONTO , May 07, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:GOLD1)(TSX:ABX) (“Barrick” or the “Company”) today reported a solid start to the financial year, making significant headway on its long-term strategy and advancing its global portfolio of Tier One2 gold and copper assets. Net earnings per share increased 59% year-on-year to $0.27 with adjusted net earnings per share3 growing by 84% year-on-yea ...
Amerigo Announces Results of AGM
Globenewswire· 2025-05-06 11:30
Core Points - Amerigo Resources Ltd. held its 2025 Annual General Meeting of Shareholders on May 5, 2025, where all items of business were approved by shareholders [1][2] - A total of 68,548,449 common shares were voted, representing 41.70% of the total outstanding shares [2] - The election results for director nominees showed high approval rates, with Klaus Zeitler receiving 97.28% of votes in favor, and Robert Gayton receiving 99.09% [2] Company Overview - Amerigo Resources Ltd. is an innovative copper producer with a long-term partnership with Corporación Nacional del Cobre de Chile (Codelco), the largest copper producer globally [3] - The company produces copper concentrate and molybdenum concentrate as a by-product at its MVC operation in Chile, processing tailings from Codelco's El Teniente mine, which is the largest underground copper mine in the world [3]
Centerra Gold Reports First Quarter 2025 Results; Approved up to $75 Million to Repurchase Shares in 2025; Announces Updated Mineral Resource at Kemess and Advancing Studies on the Project
GlobeNewswire News Room· 2025-05-06 10:01
Core Viewpoint - Centerra Gold Inc. reported its first quarter 2025 operating and financial results, highlighting positive free cash flow, unchanged production guidance, and ongoing project advancements, particularly at the Kemess project [2][3]. Operations - Consolidated gold production for Q1 2025 was 59,379 ounces, with 35,880 ounces from Mount Milligan and 23,499 ounces from Öksüt [6][11]. - Copper production in the quarter was 11.6 million pounds [6]. - Mount Milligan produced 35,880 ounces of gold and 11.6 million pounds of copper, lower than planned due to lower gold grades [23]. - Öksüt produced 23,499 ounces of gold, also lower than planned due to lower grades and unfavorable weather conditions [27]. Financial - First quarter 2025 revenue was $299.5 million, a decrease of 2% from $305.8 million in Q1 2024 [9]. - Net earnings for Q1 2025 were $30.5 million, or $0.15 per share, down 54% from $66.4 million in Q1 2024 [11]. - Cash provided by operating activities was $58.6 million, with free cash flow of $10.0 million [11]. - The company maintained a strong cash position of $608 million, ensuring financial flexibility for ongoing projects [3][10]. Growth Initiatives - The company is advancing a Preliminary Economic Assessment on the Kemess project, expected to be completed by the end of 2025 [3]. - The updated mineral resource at Kemess includes 2.7 million ounces of indicated gold resources and 971 million pounds of indicated copper resources [8]. - Exploration guidance for Kemess has been doubled to between $10 million and $12 million for 2025, focusing on infill drilling and high-grade mineralization [3][8]. Capital Expenditures - Total capital expenditures in Q1 2025 were $46.9 million, with $68.1 million in additions to property, plant, and equipment [11]. - Non-sustaining capital expenditures were $25.8 million, primarily related to the restart of Thompson Creek [11][33]. Guidance - The company maintains its 2025 production guidance of 270,000 to 310,000 ounces of gold and 50 to 60 million pounds of copper [15][16]. - Gold production costs for Q1 2025 were $1,271 per ounce, with all-in sustaining costs of $1,491 per ounce [11][16].
Aura Declares Dividend of US$0.40 per share and US$0.1333 per BDR based on Q1 2025 Results, resulting in a Dividend Yield of 11%¹ in the LTM
Globenewswire· 2025-05-06 00:13
The Dividend is not subject to withholding taxes at the time of payment by the Company. Rodrigo Barbosa, President & CEO commented, "In 2020, we outlined Aura's strategic vision to the market, focusing on three key pillars: (i) advancing greenfield projects to boost production, (ii) investing in exploration to grow Resources and Reserves, and (iii) pursuing M&A opportunities while also committing to pay dividends to our shareholders. Since then, we have successfully commissioned and ramped up Almas, expande ...
Aura Announces Q1 2025 Financial and Operational Results
Globenewswire· 2025-05-05 23:34
Core Viewpoint - Aura Minerals Inc. has reported its Q1 2025 financial and operational results, highlighting a strong start to the year with expectations for improved performance in upcoming quarters, particularly with the Borborema project entering commercial production in Q3 2025 [2][4]. Financial Performance - Total production in Q1 2025 was 60,087 gold equivalent ounces (GEO), a decrease of 10% from Q4 2024 and 12% from Q1 2024 [2][4]. - Net revenue for Q1 2025 reached $161.8 million, a 23% increase compared to Q1 2024 but a 6% decrease from Q4 2024 [2][6]. - Adjusted EBITDA for Q1 2025 was $81.5 million, marking a 53% increase year-over-year and setting a record high for the company [2][6]. Production Details - The Borborema project has commenced operations and is expected to produce between 33,000 and 40,000 ounces in 2025, with commercial production anticipated by Q3 2025 [4][5]. - Aranzazu produced 20,456 GEO in Q1 2025, a 10% decrease from Q4 2024, primarily due to reduced ore milled and increased maintenance downtime [4][6]. - Minosa's production totaled 17,654 GEO, reflecting a 9% decrease from the previous quarter, attributed to lower ore grades [6]. Cost Metrics - Cash cost per GEO sold was $1,149, a 5% increase from Q4 2024, while All In Sustaining Cost (AISC) was $1,461, up 6% from the previous quarter [2][6]. - The net debt at the end of Q1 2025 was $271.9 million, with a net debt-to-last-12-months EBITDA ratio of 0.92x [2][6]. Market Conditions - The average realized gold sales price in Q1 2025 was $2,786 per ounce, an 8% increase from Q4 2024 and 39% higher than Q1 2024 [6]. - Average copper sales prices rose to $4.26 per pound, reflecting a 3% increase from Q4 2024 and 11% higher than the same period in 2024 [6]. Strategic Outlook - The company is focused on developing efficient operations and has set a benchmark for ESG performance with the Borborema project, which incorporates renewable energy and local water resources [5][6]. - Management anticipates a supportive economic environment for commodity prices in the short to medium term, despite potential volatility [7].
Aura Announces Confidential Submission Of Draft Registration Statement For Proposed U.S. Public Offering
Globenewswire· 2025-05-05 23:16
ROAD TOWN, British Virgin Islands, May 05, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) announces that we have confidentially submitted a draft registration statement on Form F-1 to the Securities and Exchange Commission (the "SEC") in the United States relating to a proposed public offering of the Company’s common shares in the United States. The proposed public offering includes the registration and listing of our common shares in the United ...
Ero Copper Reports First Quarter 2025 Operating and Financial Results
Globenewswire· 2025-05-05 21:07
Core Viewpoint - Ero Copper Corp. reported strong operational and financial results for Q1 2025, driven by increased copper production and higher metals prices, with a focus on achieving record copper production in 2025 [1][4][7]. Financial Highlights - Revenues for Q1 2025 were $125.1 million, up from $122.5 million in Q4 2024 and $105.8 million in Q1 2024 [13]. - Net income attributable to owners of the Company was $80.2 million ($0.77 per diluted share), a significant recovery from a net loss of $48.9 million in Q4 2024 [13][14]. - Adjusted EBITDA for the quarter was $63.2 million, compared to $59.1 million in Q4 2024 and $43.3 million in Q1 2024 [13][34]. Operational Highlights - Consolidated copper production reached 12,424 tonnes, with the Tucumã Operation contributing 5,067 tonnes and Caraíba Operations producing 7,357 tonnes [5][11]. - Gold production totaled 6,638 ounces, with average C1 cash costs of $1,100 per ounce and All-in Sustaining Costs (AISC) of $2,228 per ounce [5][12]. - The company achieved a 32% quarter-on-quarter increase in ore tonnes processed at the Tucumã Operation, with more than half of the production occurring in March 2025 [11][15]. Production and Cost Guidance - Ero Copper expects full-year copper production for 2025 to range between 75,000 and 85,000 tonnes, with sequential increases anticipated throughout the year [15][17]. - The company reaffirmed its gold production guidance of 50,000 to 60,000 ounces for the Xavantina Operations, supported by higher processed tonnage and improved gold grades [16][17]. Capital Expenditure Guidance - Capital expenditure guidance for 2025 remains unchanged at $230 to $270 million, excluding capitalized ramp-up costs prior to the declaration of commercial production at the Tucumã Operation [20][21]. Liquidity Position - At the end of Q1 2025, available liquidity was $115.6 million, including $80.6 million in cash and cash equivalents and $35 million of undrawn availability under the senior secured revolving credit facility [5][43].