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Triumph Gold Discovers a New Silver and Gold Vein Showing at the Freegold Mountain Project, Yukon
Newsfile· 2025-05-12 10:00
Core Insights - Triumph Gold Corp. has discovered a new silver-gold vein system named the Proton Zone at its Freegold Mountain Project in Yukon, Canada, located 1.3 km northeast of the Nucleus Deposit and 2.75 km northwest of the Revenue Deposit [1][2] Summary by Sections Discovery Details - The Proton Zone was found in fresh bedrock exposed by placer mining at Mechanic Creek, covering an area of approximately 15 x 15 meters and situated over 300 meters from the nearest historic sampling or drill hole [2] - The mineralization consists of shear-hosted quartz-sulfide veins with a geochemical signature similar to the nearby Nucleus deposit, hosted in granodiorite akin to the Revenue deposit [2] Sampling Highlights - Assay results from the Proton Zone include: - Grab sample C959829: 0.50 g/t Au, 1.26 g/t Ag, 153 ppm Cu, >9,000 ppm As, 94.4 ppm Sb, 8.57 ppm Bi - Grab sample C959830: 1.68 g/t Au, 8.99 g/t Ag, 212 ppm Cu, >10,000 ppm As, 153 ppm Sb, 68.3 ppm Bi - Chip sample C959831 (30 cm): 5.95 g/t Au, 7.17 g/t Ag, 161 ppm Cu, >10,000 ppm As, 38.8 ppm Sb, 49.6 ppm Bi [3][7] Geochemical Context - Other high-grade vein zones sampled along Mechanic Creek include the Drone Zone, which returned up to 450 g/t gold and 19 g/t silver, and another zone 600 meters south of the Proton Zone with values up to 6.58 g/t gold and 13.6 g/t silver [3][4] - The geochemistry of these zones indicates a potential link to the Revenue porphyry mineralizing event, which is similar in style to the Casino deposit within the Tintina Gold Belt [4] Exploration Potential - Triumph Gold's VP of Exploration, Jesse Halle, emphasized the significant growth potential of the Revenue and Nucleus deposits, noting the emergence of a new mineralized trend [9] - The Nucleus deposit has a 2020 resource estimate of 31 million tonnes grading 0.65 g/t gold, 0.07% copper, and 0.7 g/t silver indicated, with inferred resources of 9.4 million tonnes grading 0.56 g/t gold, 0.04% copper, and 0.7 g/t silver [16] Company Overview - Triumph Gold is a Canadian-based exploration and development company focused on advancing its Freegold Mountain Project, which spans 200 square kilometers and includes three NI 43-101 mineral deposits: Nucleus, Revenue, and Tinta Hill [30][31]
Coeur Mining(CDE) - 2025 Q1 - Earnings Call Transcript
2025-05-08 16:02
Financial Data and Key Metrics Changes - The company reported revenue of $360 million, adjusted EBITDA of $149 million, net income of $33 million, and free cash flow of $18 million for the first quarter [19][18] - Adjusted EBITDA margin increased to 41%, essentially doubling from the prior year [19] - The company eliminated nearly $130 million of debt and metal prepay facilities during the quarter, positioning itself for further debt reductions [4][24] Business Line Data and Key Metrics Changes - Las Chispas produced 714,000 ounces of silver and over 7,000 ounces of gold during the partial quarter, with cash costs per ounce for gold and silver at $744 and $8.38 respectively [9][10] - Palmarejo saw gold production up 2% and silver production up 9% compared to the previous quarter, driven by productivity improvements [10] - Kensington's gold production increased by 6% compared to the first quarter of the previous year, indicating a return to positive free cash flow [11] Market Data and Key Metrics Changes - The company anticipates generating average free cash flow of $75 million to $100 million per quarter for the remainder of 2025 based on updated forecast pricing of $2,900 for gold and $32 for silver [20] - The average realized gold price was 41% higher than the same quarter last year, while the average realized silver price was 36% higher [36] Company Strategy and Development Direction - The company is focused on generating per share value for shareholders while strengthening the balance sheet and reinvesting in business opportunities [6] - The integration of Las Chispas is proceeding smoothly, with a focus on maintaining a steady mine life and exploring nearby areas [5][13] - The company aims to achieve a net debt to EBITDA ratio close to zero by the end of the year [4][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance and highlighted the positive changes in the company's financial health [4][24] - The company is committed to a predictable operational model moving forward, focusing on delivering strong cash flows [18][48] - Management acknowledged the importance of maintaining a strong safety culture, having been recognized as the safest mining company among peers in the U.S. [8] Other Important Information - The company published its 2024 responsibility report, emphasizing its commitment to integrity and respect [7] - The exploration investment for 2025 is expected to total between $77 million and $93 million, with a focus on expansion and scout drilling [13] Q&A Session Summary Question: When will the benefits of increased tonnage at Rochester be seen in silver recoveries? - Management indicated that improvements in crusher availability and throughput would lead to better recoveries over time [28][29] Question: What drove stronger performance at Wharf this quarter? - Management attributed the performance to timing and grade profile adjustments, expecting to meet full-year guidance [33][34] Question: Are there any impacts from lower labor costs in Mexico? - Management noted that while labor costs are stable, they expect overall benefits from increased employment at Las Chispas [36][37] Question: How long will it take to work through the extra stockpile at Las Chispas? - The company expects the stockpile to decrease over the next year as new tons are mined and processed [44][45] Question: What is the company's approach to M&A going forward? - Management indicated a focus on delivering current operations and cash flows before considering further acquisitions or divestitures [48][49] Question: What key metrics should be monitored at Rochester? - Management suggested monitoring crusher runtime and availability as key indicators of operational success [59][62]
Coeur Mining(CDE) - 2025 Q1 - Earnings Call Presentation
2025-05-08 11:42
2025 First Quarter Earnings 11:00 a.m. ET, May 8, 2025 NYSE: CDE NYSE: CDE JC 2016 1 Cautionary Statements This presentation contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements involving strategic priorities and company strategies, growth, anticipated production, costs and expenses, exploration and development efforts, operations, expectations and initiatives at Las Chispas, Palmarejo, Rochester, Kensington, Wharf and Silvert ...
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].
2024 Year-End Exploration Results
Prnewswire· 2025-04-30 13:00
Core Viewpoint - Hycroft Mining Holding Corporation has announced significant high-grade gold and silver drill results from its 2024 exploration program at the Hycroft Mine in Nevada, indicating strong potential for future mining operations and exploration opportunities [1][9]. Exploration Results - The 2024 exploration program included 9,058 meters of drilling, geophysics, geochemistry, and mapping campaigns, leading to a better understanding of mineralization controls in high-grade trends [4][6]. - High-grade silver was consistently found at the Brimstone target, with several intervals exceeding 1000 g/t silver, marking some of the best drill results in the company's history [3][4]. - The Vortex target also showed promising results, with high-grade silver and gold intersections, indicating strong continuity and potential for further exploration [3][5]. Specific Drill Highlights - Brimstone: Notable drill results include H24D-6011 with 53.3 meters of 218.92 g/t Ag and 0.26 g/t Au, and H24D-6012 with 50.7 meters of 101.82 g/t Ag and 0.28 g/t Au [4][7]. - Vortex: Drill hole H24D-6007 encountered 950 g/t silver and 4.78 g/t gold before being lost, suggesting high potential at depth [3][5]. - Manganese Target: Identified oxide mineralization within 120 meters of the surface, indicating potential for heap leach opportunities [3][4]. Future Potential - The company is assessing the potential for a start-up heap leach operation in advance of the sulfide milling operation, given the high commodity price environment [4][9]. - The exploration strategy has shifted to target high-grade mineralization based on new geological understandings, which could lead to further discoveries [4][6]. Company Overview - Hycroft Mining Holding Corporation is focused on developing the Hycroft Mine, one of the largest precious metals deposits globally, and transitioning to commercial operations for processing sulfide ore [9].
Patagonia Gold 2024 Financial Results
Globenewswire· 2025-04-29 22:37
Core Insights - Patagonia Gold Corp. reported audited financial results for the year ended December 31, 2024, highlighting a revenue of US$8.8 million and production of 2,810 gold equivalent ounces [1][6] - The company is focused on exploration and development of gold and silver projects in Argentina, particularly the Calcatreu project and the Cap-Oeste underground project [4] Financial Performance - Generated revenue of US$8.8 million in 2024 [6] - Produced 2,810 gold equivalent ounces and sold 3,705 gold equivalent ounces from the Cap-Oeste operation [6] Exploration and Development Activities - Spent US$3 million on exploration of key projects, including a diamond drilling program at the Abril target, totaling 807 meters drilled and 810 samples collected [6] - Assay results from the drilling program showed gold values ranging from 0.005 to 4.87 grams per ton and silver values from 1 to 219 grams per ton [6] - Entered into an agreement with Astra Exploration Inc. for the exploration and development of the La Manchuria property, allowing Astra to earn up to a 90% interest by spending at least US$3 million and making a cash payment of US$5 million [6] - Received final permit for construction and development of the Calcatreu project on November 6, 2024 [6] - Acquired four mineral properties and consolidated the Mina Angela property block through a definitive agreement with Compañía Inversora de Minas SAU on October 9, 2024 [6]
Austral Gold Announces 2025 Annual General Meeting
Newsfile· 2025-04-28 15:45
Group 1 - Austral Gold Limited is an established gold producer with a focus on building a portfolio of quality assets in the Americas through production, exploration, and equity investments [2] - The company's 2025 Annual General Meeting (AGM) is scheduled for Thursday, 29 May 2025, at 9:00 am AEST in Sydney, Australia [1][4] - Relevant documents for the AGM, including the Notice of AGM and proxy forms, have been dispatched to shareholders and are available on the ASX and the company's website [1][6] Group 2 - Austral Gold continues to advance its growth strategy by developing its attractive portfolio of producing and exploration assets [2][4] - The company is focused on three strategic pillars: production, exploration, and equity investments, which are essential for its growth [2]
Element79 Gold Corp. Provides Update on Chachas General Assembly
Thenewswire· 2025-04-17 13:00
Vancouver, British Columbia – TheNewswire - April 17, 2025 – Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF), (the “Company”) herein provides an update on the latest community engagement and ongoing development efforts in the Rural Community of Chachas (“Chachas”) for its Minas Lucero Project in Arequipa, Peru.Multi-Stakeholder Meeting in the Chachas on April 12thAs previously outlined in the Company’s news release of March 28, 2025, the Spring General Assembly Meeting took place on April 12, 202 ...