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Teck Announces Comprehensive Operations Review and QB Action Plan
Globenewswire· 2025-09-03 00:48
Core Insights - Teck Resources Limited is undertaking a Comprehensive Operations Review to enhance performance and operational delivery, expected to conclude by October 2025 with updates communicated alongside Q3 results [1][7] Group 1: Comprehensive Operations Review - The Comprehensive Operations Review includes detailed assessments of operating plans, third-party expert input, and rigorous execution tracking [1] - The review aims to identify opportunities to enhance operating practices and reinforce confidence in future business plans [7] Group 2: QB Action Plan - The QB action plan focuses on addressing slow sand drainage that has affected TMF development and production pace [2] - Key initiatives include enabling ramp-up by mechanically raising the tailings dam wall and increasing crest height [3] - Significant work has been done to improve sand drainage times, with further initiatives underway to enhance drainage performance [4][8] Group 3: Operational Readiness and Leadership - Teck is committed to strengthening operational readiness and resilience by validating an executable mine plan and optimizing performance across the mine, plant, and port [5] - A respected industry leader has been onboarded as a Special Advisor to the CEO to support QB operations and accelerate TMF development [7] - Senior Vice Presidents of Operations for Latin America and North America will now report directly to the President and CEO to enhance executive oversight [9] Group 4: Leadership Changes - Shehzad Bharmal, Executive Vice President and Chief Operating Officer, has retired after 33 years with the company, contributing significantly to Teck's operations and leadership [10]
X @Decrypt
Decrypt· 2025-09-03 00:00
The market cap of top publicly-traded Bitcoin miners soared last month, according to @jpmorgan analysts in a note Tuesday, as some of the industry's largest companies expanded into high-powered computing. https://t.co/W8bRrVWgI9 ...
X @Decrypt
Decrypt· 2025-09-02 22:01
Bitcoin Miners' Stocks Hit New Highs in August, Thanks to AI: JP Morgan► https://t.co/CYuU2Xqd7e https://t.co/CYuU2Xqd7e ...
EXK Hits 52-Week High: What's Aiding the Stock's Performance?
ZACKS· 2025-09-02 16:36
Core Insights - Endeavour Silver Corporation (EXK) shares reached a new 52-week high of $6.29, closing at $6.24, driven by rising metal prices [1] - The company has a market capitalization of $1.81 billion and holds a Zacks Rank 3 (Hold) [1] Metal Prices Impact - Gold prices have surged due to geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, central bank purchases, and tariff conditions, breaking the $3,500-per-ounce mark for the first time in April 2025 [2] - Current gold prices are at $3,478 per ounce, nearing record highs, supported by expectations of a Federal Reserve rate cut [2] - Silver prices have reached a 13-year high above $40 per ounce as investors seek safe assets amid global uncertainty, likely benefiting Endeavour Silver's results in upcoming quarters [3] Production Performance - Endeavour Silver produced 2.5 million silver-equivalent ounces in Q2 2025, a 17% increase year-over-year, attributed to the addition of the Kolpa operation [3] - Consolidated silver production rose 13% year-over-year to 1,483,736 ounces, with total silver ounces sold increasing 21% year-over-year to 1.48 million ounces [4] Financial Position - The company ended Q2 2025 with $52.5 million in cash, generating approximately $21.5 million from operating activities compared to $12 million in Q2 2024 [5] - Endeavour Silver announced a deal to sell up to $60 million worth of common shares over the next 24 months to support various operational and developmental activities [5][6] Growth Prospects - The Terronera mine in Jalisco State, Mexico, milled 57,080 tons in July 2025, with significant increases in throughput as it approaches commercial production [7] - The acquisition of Minera Kolpa for $145 million has enhanced the company's growth prospects [8] - The combination of the Kolpa acquisition and the ramp-up of the Terronera mine is expected to bolster Endeavour Silver's operational capacity and resource base [10] Stock Performance - Endeavour Silver's stock has surged 122% over the past year, outperforming the industry's 64.6% growth and the S&P's 19.5% rise [13]
Critical One Energy Acquires 18.5% Interest in Dark Star Minerals, Bolstering Support for Uranium Development in Namibia
Globenewswire· 2025-09-02 15:15
Core Viewpoint - Critical One Energy Inc. has acquired an 18.5% interest in Dark Star Minerals Inc., emphasizing its commitment to uranium asset development to meet energy demands while continuing to focus on its Howells Lake Antimony-Gold Project [1][2][4] Investment Details - The acquisition positions Critical One as a significant shareholder in Dark Star, aligning with its strategy to create value through partnerships for the global energy transition [2][4] - The investment follows the sale of Critical One's Khan and Cobra uranium projects to Dark Star for US$3.5 million, which included 14 million common shares of Dark Star and a 2% gross overriding royalty on metals produced [2][3] Project Potential - The Khan West Project has shown high-grade results of up to 8.47% U₃O₈, indicating significant potential for uranium production [3] - Namibia's Erongo uranium province is recognized for its favorable regulatory environment and proximity to established operations, enhancing the growth prospects for Dark Star's projects [3][4] Strategic Positioning - With Duane Parnham joining Dark Star's board, Critical One is well-positioned to influence the strategic development of uranium assets while maintaining focus on its Canadian projects [4] - This dual approach aims to address the rising global demand for critical minerals and clean energy solutions [4][5] Company Overview - Critical One Energy Inc. is focused on critical minerals and upstream energy, with a portfolio that includes the Howells Lake Antimony-Gold Project and uranium interests in Namibia [5][8] - The company leverages its expertise to enhance project value and drive growth, aligning with global energy transition goals [5]
Appia Signs Binding Term Sheet to Sell a 45% Interest in Its PCH REE Project, Brazil
Newsfile· 2025-09-02 14:52
Core Viewpoint - Appia Rare Earths & Uranium Corp. has signed a binding term sheet to sell a 45% interest in its Brazilian subsidiary, Appia Brasil Rare Earths Mineracao Ltda, to Ultra Rare Earth Inc., which will result in Ultra holding a 50% interest in the PCH Project located in Brazil [1][2]. Group 1: Transaction Details - Ultra will acquire a 45% interest from Appia and a 5% interest from Antonio, resulting in a total 50% interest in Appia Brasil, while Appia and Antonio will each hold a 25% interest [3]. - Ultra is required to deposit US $6 million into a bank account controlled by Appia Brasil and invest an additional US $2 million into a private placement of Appia units [3]. - The US $6 million will be allocated for exploration on the Property up to the prefeasibility study (PFS) stage [3]. - Appia will issue 1 million common shares to Beko upon closing and will be released from previous obligations under the existing Quotaholders Agreement [3]. - A five-person technical committee will be established, with Ultra having majority representation [3]. Group 2: Conditions and Timeline - The transaction is subject to regulatory approval and satisfactory due diligence by Ultra, which must be completed by September 30, 2025 [4]. - The closing of the transaction is scheduled for the second business day following the satisfaction of all conditions, but no later than October 31, 2025 [4]. Group 3: Company Background - Appia is a publicly traded Canadian company focused on rare earth elements and uranium, holding rights to the PCH Ionic Adsorption Clay Project in Brazil and other properties in Saskatchewan and Ontario [5]. - The company has 168.5 million common shares outstanding and 207.7 million shares fully diluted [6].
Franco-Nevada: A Solid Buy-The-Dip Candidate
Seeking Alpha· 2025-09-02 14:07
Group 1 - Alluvial Gold Research provides detailed analysis on undervalued mining companies, focusing on those with upcoming catalysts that could enhance portfolio performance [1] - Subscribers receive access to current portfolios and real-time buy/sell alerts, indicating a proactive investment strategy [1] Group 2 - The article emphasizes the importance of position sizing in the volatile precious metals sector, recommending that investments in small-cap precious metals stocks should be limited to 5% or less of an investor's portfolio [2]
X @CoinDesk
CoinDesk· 2025-09-02 13:39
RT CoinDesk Podcast Network (@CoinDeskPodcast)🎧 Catch the latest episode of 'THE MINING POD: Is Bitcoin’s Mining Revenue Model Broken?,’ in partnership with @blockspacepod!Welcome back to The Mining Pod! Today, James McAvity, CEO of bitcoin miner Cormint, joins us to talk about a potential, looming existential crisis for Bitcoin: low transaction fee revenue. With transaction fees at only 2% of mining revenue, McAvity argues the current model is unsustainable as rewards halve every four years.📨 https://t.co/ ...
First Quantum Announces Redemption of 2027 Notes
Globenewswire· 2025-09-02 13:14
Core Viewpoint - First Quantum Minerals Ltd. has successfully completed the redemption of its 6.875% Senior Notes due 2027, totaling an outstanding principal amount of $41,878,000, using proceeds from a new offering of senior notes due 2034 [1][2]. Group 1: Redemption Details - The redemption price for the 2027 Notes was set at $1,003.79 per $1,000 principal amount, in addition to accrued and unpaid interest amounting to $1,087,644.72 [2]. - The company utilized proceeds from a previously announced offering of $1,000 million aggregate principal amount of 7.250% senior notes due 2034 to facilitate this redemption [2]. Group 2: Company Information - First Quantum Minerals Ltd. is listed on the Toronto Stock Exchange under the ticker FM [1]. - For further inquiries, the company has provided contact details for its Investor Relations and Media Relations teams [2].
Taseko to Participate in the Jefferies 2025 Industrials Conference
Globenewswire· 2025-09-02 12:30
Core Viewpoint - Taseko Mines Limited will participate in the Jefferies 2025 Industrials Conference on September 3-4, 2025, in New York City, with a presentation by President & CEO Stuart McDonald scheduled for September 4 at 2:50 PM ET [1][2]. Company Information - Taseko Mines Limited is listed on multiple exchanges: TSX (TKO), NYSE American (TGB), and LSE (TKO) [1]. - The company encourages investors to access the webcast of the presentation through its website [2]. Presentation Details - The presentation by Stuart McDonald will be available via a webcast, which can be accessed in the Events section of Taseko's investor relations website [2].