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Giant Mining Corp. Advances Metallurgical Test Work at Majuba Hill Nevada Copper-Silver-Gold Project as Metal Prices Hit Records
Thenewswire· 2025-12-03 08:05
Core Viewpoint - Giant Mining Corp. is planning additional metallurgical test work to enhance the understanding of copper, silver, and gold recoveries at its Majuba Hill Copper-Silver-Gold Project in Nevada, amidst rising commodity prices [1][3]. Company Developments - The planned metallurgical work aims to refine the understanding of recoveries across different mineralization zones: oxide, transition, and sulphide [2]. - Historical drilling at Majuba Hill has shown high-grade copper and silver mineralization, with notable results such as Hole MHB-30, which averaged 2.6% Cu and 30.1 g/t Ag over 74.0 ft [2]. - The company is currently working with RESPEC Company LLC to refine the geological model and incorporate silver assays to better delineate the multi-metal potential of the project [2]. Market Context - Recent all-time highs in copper, silver, and gold prices are creating a favorable market environment for the Majuba Hill project, with copper reaching US$5.94/lb and currently trading at approximately US$5.21/lb, silver at US$58.85/oz and currently around US$57.65/oz, and gold at US$4,381.58/oz and currently at approximately US$4,216/oz [7]. - The company believes that the historical work indicating copper recoveries of up to 80% and silver recoveries of up to 75% supports the potential for the project [3]. Metallurgical Program Objectives - The metallurgical program aims to assess oxide, mixed, and sulphide mineralization domains, improve recovery processes, evaluate multi-stage processing options, and generate new technical data for future economic studies [10][11]. - Historical metallurgical findings have provided encouraging indications for processing potential, reinforcing the company's confidence to expand mineralization through ongoing exploration drilling [8]. Project Characteristics - Majuba Hill is located in a top-ranked mining jurisdiction in Nevada, covering 9,684 acres with strong local infrastructure, which offers significant cost advantages [10][12]. - The project has a history of approximately 89,395 feet of drilling, indicating a potentially large mineralized body with significant expansion potential [12]. - The company has secured funding for the next phase of drilling at Majuba Hill, indicating a commitment to advancing the project [12].
DPM Metals Announces Inferred Mineral Resource Estimates of 2.6 Million Gold Ounces and 1.9 Billion Pounds of Copper at the Rakita Camp
Globenewswire· 2025-12-02 13:00
Core Viewpoint - DPM Metals Inc. has announced initial Mineral Resource Estimates (MRE) for the Dumitru Potok, Rakita North, and Frasen prospects in eastern Serbia, indicating significant potential for a district-scale gold-copper system [1][3][4]. Mineral Resource Estimates - The total Inferred MRE comprises 2.6 million ounces of gold and 1.9 billion pounds of copper, contained within 84.4 million tonnes grading 0.97 g/t gold and 1.02% copper, assuming an underground mining scenario [5][12]. - The Dumitru Potok prospect alone contains 64.1 million tonnes at a grade of 1.07 g/t gold and 1.09% copper, representing a significant higher-grade core of the MRE [12]. Exploration Potential - All three deposits (Dumitru Potok, Rakita North, and Frasen) remain open in multiple directions, suggesting further exploration potential and resource growth at low-cost discovery rates [4][28]. - The company has identified numerous high-potential targets along a six-kilometre trend, enhancing the prospects for continued mineral resource growth [3][12]. Metallurgical Testwork - Initial metallurgical testwork indicates high recoveries are achievable, producing potentially saleable copper and gold concentrates [12][21]. - Preliminary flotation testwork produced saleable gold-copper concentrate grades between 18% to 39% for copper and 14 g/t to 31 g/t for gold [25][27]. Next Steps - Drilling is paused on the Čoka Rakita exploration license pending permit renewal, with plans to recommence in the second quarter of 2026 [29]. - The company plans 20,000 metres of diamond drilling at the Čoka Rakita exploration license to infill and extend mineralization at the Dumitru Potok prospect [30]. Stakeholder Engagement - DPM has maintained strong partnerships with local communities and governments since 2004, emphasizing proactive engagement as exploration activities advance [31][32]. Investor Engagement - DPM is hosting an investor day on December 4, 2025, to present highlights of the Rakita camp MRE and provide updates from the executive and technical teams [33][34].
Evolution AB: The Undervalued Titan Powering The Online Gambling Boom
Seeking Alpha· 2025-12-02 10:58
Group 1 - The analyst has over 10 years of experience researching more than 1000 companies across various sectors including commodities and technology [1] - The focus has shifted from writing a blog to creating a value investing-focused YouTube channel, where hundreds of companies have been researched [1] - The analyst expresses a particular interest in metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [1]
X @Bloomberg
Bloomberg· 2025-12-02 06:56
Glencore’s ferrochrome venture in South Africa will idle two smelters and cut jobs because of unsustainable electricity tariffs https://t.co/2o8Np6qBuz ...
Firefly Metals Ltd Announces C$30 (~A$33) Million Canadian Bought Deal Financing and C$96.8 (~A$106.5) Million Australian Equity Raise
Globenewswire· 2025-12-01 23:28
Core Viewpoint - FireFly Metals Ltd has announced a dual offering of ordinary shares, aiming to raise approximately C$30 million through a Canadian Offering and A$101.5 million through an Australian Offering, to fund various development initiatives [1][3]. Canadian Offering - The Canadian Offering involves the sale of 19,230,770 ordinary shares at a price of C$1.56 (A$1.70) per share, with gross proceeds expected to be C$30 million (approximately A$33 million) [1]. - BMO Nesbitt Burns Inc. will act on behalf of a syndicate of underwriters, and an option to purchase an additional 15% of the offering is available for over-allotments [1][2]. - The offering is expected to close around December 17, 2025, pending necessary regulatory approvals [2]. Australian Offering - Concurrently, FireFly has entered into an agreement with Canaccord Genuity to raise approximately A$101.5 million through the Australian Offering, which includes a charity flow-through placement of A$16.5 million and an institutional placement of A$85 million [3]. - A retail share purchase plan (SPP) will also be conducted, allowing eligible shareholders to subscribe for up to A$30,000 worth of shares, aiming to raise up to A$5 million [3]. Use of Proceeds - The net proceeds from both offerings and the SPP will primarily be allocated to fund development and early works, technical studies, underground drilling, regional exploration drilling, and general administrative expenses [7][4]. Company Overview - FireFly Metals Ltd is focused on advancing the Green Bay Copper-Gold Project in Newfoundland, Canada, which has a Mineral Resource of 50.4 million tonnes at 2.0% copper equivalent [6][25]. - The company also holds interests in the Pickle Crow Gold Project in Ontario and the Limestone Well Vanadium-Titanium Project in Western Australia [8].
FireFly Metals (OTCPK:MNXM.F) Earnings Call Presentation
2025-12-01 23:00
Green Bay Project Resource Update - The Green Bay Project has an upgraded resource of 50.4 million tonnes @ 2.0% CuEq for 863kt Cu and 546koz Au in M&I[3] - The Green Bay Project has 29.3 million tonnes @ 2.5% CuEq for 566kt Cu and 563koz Au in Inferred[3] - The Green Bay Project has an exceptional high-grade core zone of 8.8 million tonnes @ 3.9% CuEq (346kt CuEq) in M&I and 10.9 million tonnes @ 3.8% CuEq (414kt CuEq) Inferred[3] - Since acquisition (2 years) the M&I category at Ming has grown 121% (from 21.5Mt to 47.5Mt) now making up 67% of the Ming MRE[43] - The Ming Mine has M&I Resource of 48Mt @ 2.0% CuEq and Inf Resource of 23Mt @ 2.6% CuEq[48] Financing and Development - A$139.5 million Equity Raise To Drive Growth and Development[33] - The company has A$244.5 million Pro-Forma Cash Balance[32] - The company is planning upscaled mine production & engineering studies well underway, scheduled for 1st half CY2026[80] - The company received environmental approval for start-up operation[80] Exploration and Regional Potential - The company has 3 x surface drill rigs targeting regional discovery; extensive geophysical surveys to continue[80] - The company identified 325x Geophysical targets for testing[65] - Initial Regional Drilling Intercepts High Grade at Rambler Main with 10.0m @ 6.4% CuEq and 12.9m @ 4.3% CuEq[68]
FireFly Metals Ltd Announces C$30 (~A$33) Million Canadian Bought Deal Financing and C$96.8 (~A$106.5) Million Australian Equity Raise
Globenewswire· 2025-12-01 22:07
Core Viewpoint - FireFly Metals Ltd has announced agreements for two significant capital raising initiatives: a Canadian Offering to raise approximately C$30 million and an Australian Offering to raise approximately A$101.5 million, aimed at advancing its mineral projects [1][3]. Canadian Offering - The Canadian Offering involves the sale of 19,230,770 ordinary shares at a price of C$1.56 (A$1.70) per share, with gross proceeds expected to be C$30 million (approximately A$33 million) [1]. - BMO Capital Markets has been engaged to manage the offering, with an option to purchase an additional 15% of the offering to cover over-allotments [1][2]. - The offering is anticipated to close around December 17, 2025, pending necessary regulatory approvals [2]. Australian Offering - Concurrently, the Australian Offering aims to raise approximately A$101.5 million, consisting of a charity flow-through placement of A$16.5 million and an institutional placement of A$85 million [3]. - A retail share purchase plan (SPP) will also be conducted, allowing eligible shareholders to subscribe for up to A$30,000 worth of shares, potentially raising an additional A$5 million [3]. Use of Proceeds - The net proceeds from both offerings and the SPP will primarily be allocated to: - Development and early works for the Green Bay Copper-Gold Project - Technical studies including mine options assessments - Underground drilling for resource growth and new discoveries - Regional exploration drilling targeting new discoveries - General administrative and working capital flexibility [4][6]. Company Overview - FireFly Metals Ltd is focused on advancing the Green Bay Copper-Gold Project in Newfoundland, Canada, which currently hosts a Mineral Resource of 50.4 million tonnes at 2.0% copper equivalent, totaling 1,016,000 tonnes of copper equivalent [5][22]. - The company also holds a 70% interest in the Pickle Crow Gold Project in Ontario, with an Inferred Mineral Resource of 11.9 million tonnes at 7.2 g/t for 2.8 million ounces of gold [6][10].
Taseko (TGB) Climbs 24% on Gold, Copper Boost
Yahoo Finance· 2025-12-01 18:24
Core Insights - Taseko Mines Limited (NYSEAmerican:TGB) experienced a significant increase in stock price, rising by 24.23% week-on-week, driven by higher gold and copper prices [1][3] - The company reported mixed earnings for the third quarter, with a substantial widening of net loss despite an increase in revenues [2][3] Financial Performance - Taseko Mines widened its net loss by 15,365% to $27.8 million from $180,000 in the same period last year [3] - Revenues increased by 11.7% to $173.9 million from $155.6 million year-on-year, primarily due to the sale of 26 million pounds of copper and 421,000 pounds of molybdenum [3] Production Metrics - Gibraltar copper production improved significantly, producing 27.6 million pounds of copper in the third quarter, which included 895,000 pounds of copper cathode and 558,000 pounds of molybdenum [4] - Copper recoveries for the third quarter were at 77%, with both grade and recoveries higher than the previous two quarters, and expectations for further increases in the fourth quarter [5]
Northern Dynasty (NAK) Jumps 28% on Copper, Gold Rush
Yahoo Finance· 2025-12-01 18:23
Group 1 - Northern Dynasty Minerals Ltd. (NYSEAmerican: NAK) experienced a significant increase of 28% week-on-week, driven by rising copper and gold prices as investors showed interest in mining stocks [1][3] - On the previous Friday, gold spot prices rose by 1.97% to $4,239 per troy ounce, while copper prices increased by 2.28% to $11,189 per metric ton, as traders anticipated an interest rate cut from the Federal Reserve [2] - The Federal Reserve is expected to announce a 25-basis-point rate cut in its upcoming meeting, which typically weakens the US dollar and makes precious metals cheaper, benefiting producers like Northern Dynasty Minerals [2][3] Group 2 - Northern Dynasty reported a net loss of C$7.9 million, which is 72% wider compared to a loss of C$4.6 million in the same period last year [3] - The company's operating loss increased by 78% to C$6.48 million from C$3.6 million year-on-year, primarily due to higher exploration and administrative expenses [4]
Shareholders that lost money on Freeport-McMoRan Inc.(FCX) Urged to Join Class Action - Contact The Gross Law Firm to Learn More
Prnewswire· 2025-12-01 13:45
Accessibility StatementSkip Navigation NEW YORK, Dec. 1, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Freeport-McMoRan Inc. (NYSE: FCX). Shareholders who purchased shares of FCX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. https://securitiesclasslaw.com/securities/freeport-mcmoran-inc-loss-submission-form/?id=179138&from=4 CLA ...