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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].
McEwen Mining Q1 2025 Results Conference Call
Globenewswire· 2025-05-05 18:53
Core Viewpoint - McEwen Mining Inc. is set to hold a conference call on May 8, 2025, to discuss its Q1 2025 financial results and project developments, inviting participants to engage in a question-and-answer session [1][2]. Company Overview - McEwen Mining Inc. is a gold and silver producer with operations in Nevada (USA), Canada, Mexico, and Argentina [3]. - The company owns 46.4% of McEwen Copper, which is developing the Los Azules copper project, aiming to be Argentina's first regenerative copper mine and achieve carbon neutrality by 2038 [3]. Management and Financial Commitment - The company focuses on enhancing productivity and extending the life of its assets to increase share price and provide investor yield [4]. - Rob McEwen, Chairman and Chief Owner, has a personal investment of US$205 million in the company, while his annual salary is US$1 [4]. Trading Information - McEwen Mining's shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol "MUX" [4].
Canadian Critical Minerals Announces Results of Annual General and Special Meeting
Newsfile· 2025-05-05 15:49
Group 1: Company Announcements - Canadian Critical Minerals Inc. (CCMI) held its annual and special meeting on April 29, 2025, where shareholders approved all business matters, including the re-election of directors and the appointment of auditors [1] - The shareholders also approved the Company's rolling stock option plan [1] Group 2: Operational Updates - CCMI shipped 11 trucks of high-grade mineralized copper material to New Afton in the last three days of April 2025, following the removal of road restrictions by the Ministry of Transportation and Infrastructure of British Columbia [2] - The Company plans to continue trucking higher-grade mineralized copper material to New Afton throughout May 2025, utilizing both stockpiled material and new material processed through the ore sorter [2] Group 3: Company Profile - CCMI is primarily focused on two near-term copper production assets in Canada, with its main asset being the 100% owned Bull River Mine project, which contains over 150 million pounds of copper [3] - The Company also holds a 10% interest in XXIX Metals Corp., which owns the Thierry copper project and the Opemiska copper project [3]
Collective Mining Discovers a Gold-Copper Porphyry System at the San Antonio Project by Intersecting 290.20 Metres at 0.58 g/t Gold, 0.17% Copper, 3 g/t Silver and 70 ppm Molybdenum
Prnewswire· 2025-05-05 10:30
Core Viewpoint - The company is advancing its drilling program at the San Antonio Project, with significant potential for discovering a copper-gold rich porphyry system, particularly at the Pound target, where drilling is set to intensify in 2025 [2][5][9]. Drilling Program - The company has nine drill rigs operating as part of a fully funded 70,000-metre drill program for 2025, with two rigs at the San Antonio Project and seven at the Guayabales Project [1]. - Two additional deep capacity rigs are being mobilized to the Guayabales Project, expected to begin testing the high-grade Ramp Zone in early Q3 2025 [1]. San Antonio Project Highlights - Detailed surface prospecting and drilling have increased the potential of the San Antonio Project to host a copper-gold rich porphyry system [2]. - The Pound target covers an area of 650 metres x 550 metres and remains open for further expansion, with previous drilling in 2021 showing promising results [5][9]. - The SAC-11 hole intersected 290 metres of gold-copper rich porphyry vein stockwork mineralization, with assays highlighting 290.20 metres at 0.84 g/t gold equivalent [5][6]. Assay Results - SAC-10 returned 353.85 metres at 0.51 g/t gold equivalent, including 77.05 metres at 1.01 g/t gold equivalent [6]. - The assays from SAC-11 included significant intervals of mineralization, with notable grades of gold and copper [5][6]. Future Plans - The company plans to drill test four additional porphyry targets (Pound, Real, COP, and Euro) in 2025, with the Real target located 400 metres northwest of Pound [9]. - The next phase of the drilling program at the Trap Main Zone is scheduled to begin in H2 2025 [10]. Company Background - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [12]. - The company is listed on both the NYSE and TSX under the trading symbol "CNL" [13].
Taseko Reports First Quarter 2025 Earnings
Globenewswire· 2025-05-01 21:43
Core Viewpoint - Taseko Mines Limited reported a net loss of $29 million in Q1 2025, with revenues of $139 million from copper and molybdenum sales, while construction at Florence Copper is progressing on schedule towards first copper production expected in Q4 2025 [2][5][34]. Financial Performance - Adjusted EBITDA for Q1 2025 was $34 million, with earnings from mining operations before depletion and amortization at $39 million [2][7]. - The company recorded a net loss of $29 million ($0.09 loss per share) and an adjusted net loss of $7 million ($0.02 loss per share) [2][7]. - Revenues decreased to $139 million from $146.9 million in the previous year, primarily due to lower copper production [7][9]. Production and Operations - Gibraltar Mine produced 20 million pounds of copper and 336 thousand pounds of molybdenum in Q1 2025, with total operating costs (C1) at US$2.26 per pound of copper produced [3][20]. - Mill throughput averaged 87,800 tons per day, exceeding design capacity, but copper production was impacted by lower metallurgical recoveries from oxidized ore [3][5]. - The average copper grade was 0.19% with a recovery rate of 68% [3][15]. Project Development - Construction at Florence Copper is 78% complete, with critical aspects on schedule, and first copper cathode production expected in Q4 2025 [4][28]. - The company has completed 80 out of 90 planned production wells, with ongoing work on surface infrastructure and electrowinning areas [4][29]. Future Outlook - Annual copper production for 2025 is expected to be approximately 10 million pounds lower than previous guidance due to delays in accessing higher-grade ore [5][21]. - Significant increases in copper grades and recoveries are anticipated in the second half of 2025 and into 2026 [5][21]. - The company has secured copper collar contracts to ensure a minimum copper price of US$4.00 per pound for 81 million pounds of copper for the remainder of 2025 [12][27].
Hudbay Completes Transaction to Consolidate 100% Ownership in the Copper Mountain Mine
Globenewswire· 2025-04-30 20:01
TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) is pleased to announce the completion of the previously announced acquisition of Mitsubishi Materials Corporation’s (“MMC”) 25% interest in Copper Mountain Mine (BC) Ltd. (the “Transaction”). As a result of the Transaction, Hudbay now owns 100% of the Copper Mountain mine. Hudbay has made the initial US$4.5 million cash payment to MMC with the remaining deferred and contingent cash payments to be ma ...
沪铜日评:国内铜冶炼厂5月检修产能或环增,国内电解铜社会库存量环比减少-20250430
Hong Yuan Qi Huo· 2025-04-30 12:38
004月8日,贵州孵化公众号上发布消息称"谈疏铁钢铁理氟"耦合循环一体化项目在贵阳市开阳目双流镇测永村开工,2万吨/年六氟减酸锂等项目开工。据了解,该项目是以磷的主导 的全资源循环播合产业示范项目,中核铂目、贵州降化及其他产业方与贵阳市人民政府签署合作协议。通过建设140万吨七水顽棱亚铁联产40万吨铁白粉、60万吨磷旋铁、60万吨磷酸铁 理、15万吨碳酸锂、1万吨氟化锂、2万吨元氰磷酸锂、10万吨铜冶炼、磷石膏分解制动酸、热电联产项目、公铺工程项目来打造具有全球等务力频能源电池材料研发和生产基地。 0组:BSMT 降,4月海关公布的进口再生铜原锌数据显示,3月再生铜原料进口量为18.97万突物吨,环比减少28%,同比减少12.07%。折分来源国来看,前五来源国分别为日本、美国、泰 国、马来西亚和中国台湾,日本进口量达2.7万实物吨,环比增加16%,一举跃升至第一名,美国进口量2.2万弈物吨,环比减少29%,受中美贸易战不断升级。中国海关次对4月00日前 寓开美国随口,并于5月22号前到达中国港口并报关的再生铜原料进行关税豁免,但在此前,8月份进口贸易商早已停止从美国采购两生铜原料,3月份到港货物均是1、2月赛 ...
Solis Announces Quarterly Activities Report for the Period Ended 28 February 2025
Newsfile· 2025-04-30 00:43
Company Overview - Solis Minerals Limited is focused on advancing its portfolio of high-priority copper-gold targets in the Southern Coastal Belt of Peru, holding 81 exploration concessions covering a total area of 69,200 hectares [3][5][52] - The company has appointed Mitch Thomas as Chief Executive Officer, who brings extensive experience in South America and project development [4][48] Financial Highlights - Solis successfully completed a placement raising A$4.5 million to support drilling activities in Peru [7][42] - The company had a cash balance of A$0.8 million as of February 28, 2025, with additional funds raised post-reporting period [40][42] Project Developments - Significant progress was made in advancing permits and refining high-priority copper targets, with drilling at Chancho al Palo and Ilo Este expected to begin in May 2025 [8][16] - The Chocolate Project has revealed multiple copper-gold targets, with notable geochemical assay results including 0.71% Cu and 0.60 g/t Au for Porphyry Target 1 [27][26] Market Conditions - The copper market is experiencing strong momentum, with prices recently surpassing US$10,000 per tonne due to supply constraints and robust demand, particularly linked to the global energy transition [13][15] - Gold prices have reached record highs above US$3,000 per ounce, driven by geopolitical uncertainty and central bank purchases [14][15] Exploration Activities - Extensive copper porphyry mineralization has been identified at the Cinto Project, with significant channel sampling results indicating 23.4m @ 0.88% Cu [21][23] - The company is planning Induced-Polarisation (IP) surveys to define drill targets at Cinto, with drilling anticipated in the second half of 2025 [25][20] Corporate Strategy - Solis is evaluating options to simplify its listing structure, potentially delisting from the TSXV and establishing the ASX as its primary listing [41] - The company is actively reviewing potential acquisitions in various jurisdictions, focusing on copper and gold projects that are drill-ready [39]
ICSG:今明两年全球精炼铜市场料分别过剩28.9万吨和20.9万吨
Wen Hua Cai Jing· 2025-04-28 13:26
SHMET 网讯: 4月28日(周一),国际铜研究小组(ICSG)于2025年4月25日在葡萄牙里斯本举行会议。来自世界上大多数主要铜生产和使用国家的政府代表和行业顾问 参加了讨论影响全球铜市场的关键问题。 预计2025年世界铜矿产量将增长2.3%,2026年预计增长2.5% 2025年,世界矿山产量预计将增长2.3%至2,350万吨,主要受益于Kamoa(刚果民主共和国)和Oyu Tolgoi(蒙古)扩建以及新Malmyz矿(俄罗斯)投产带 来的额外产量。这些增长将被澳大利亚、印尼和哈萨克斯坦的预期下降部分抵消。 总体而言,初级电解精炼产量(精矿)预计增长3%,湿法冶炼产量预计增长3.3%,次级产量(来自废料)预计增长2.2%。 2026年,全球精炼铜产量预计将下降1.5%:尽管精炼产量将继续受益于新增和扩大的产能,但初级电解精炼产量的增长预计将受到精矿供应受限的限制, 部分抵消湿法冶炼和次级(废料)产量的增长。 由于多个国家新增及扩大产能,预计2026年湿法冶炼产量将增长2.2%,而次级精炼产量(来自废料)预期将增长6.4%。 预计2025年全球表观精炼铜使用量将增长约2.4%,2026年将增长1.8% ...
Gold Miners Ready for Breakout Amid Record High Prices
MarketBeat· 2025-04-28 11:21
Since October 2023, the spot price of gold is up about 75%. That outperformed most stocks at that time. But what most investors don’t realize is that if you go back 25 years, gold has climbed over 1,100% or nearly 12 times its price in 1999. And this isn’t the first time there’s been a gold rush. Since the world moved away from the gold standard in 1971, there have been about four different bull markets. According to economist and author Jim Rickards, gold rose 2,185% from 1971 to 1980, and 670% from 1999 t ...