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EMX Sells its Moroccan Portfolio and Forms Exploration Alliance with Avesoro
Newsfile· 2025-07-08 11:30
Core Viewpoint - EMX Royalty Corporation has entered into an exploration alliance with Avesoro Morocco LTD to advance its Moroccan exploration portfolio while reducing operational expenses [4][2]. Company Overview - EMX Royalty Corporation is a precious and base metals royalty company, providing investors with discovery, development, and commodity price optionality [13]. - Avesoro Resources Inc. is a privately owned mid-tier gold producer focused on West Africa, committed to sustainable mining practices and recognized for its technical expertise [14]. Strategic Rationale - The sale of EMX's Moroccan business unit exemplifies efficient execution of its Royalty Generation business, allowing for continued upside royalty exposure across a large portfolio of exploration assets [4]. - The exploration alliance aims to leverage Avesoro's operational and exploration experience in western Africa to explore new opportunities in Morocco [1][2]. Financial Terms - Avesoro will fully fund alliance activities with an initial capital pool of at least $1.5 million per year [8]. - EMX has received an execution payment of $650,000 from Avesoro [8]. - Each Designated Project (DP) will have a minimum work commitment of $2.5 million for the first five years, with EMX receiving escalating advance royalty payments starting at $50,000 [16]. Project Overview - EMX has acquired 18 exploration projects in Morocco, covering 860 square kilometers, including gold, copper, and other base metal projects [9]. - Morocco is viewed as an attractive jurisdiction for mineral exploration due to its stable regulatory framework and underexplored geological settings [10]. Alliance Structure - The initial term of the alliance is two years, with the possibility of extension by mutual agreement [3]. - Projects will be designated as Alliance Exploration Projects (AEPs) and can be converted to Designated Projects (DPs) for further advancement [2][3].
Dynacor Signs Share Purchase Agreement to Acquire Processing Plant and Assets in Ecuador
Globenewswire· 2025-07-08 11:30
ACQUISITION TO MATERIALLY INCREASE NAMEPLATE PROCESSING CAPACITY POTENTIAL TO UNLOCK ADDITIONAL VALUE THROUGH OPTIMISATION AND EXPANSION OF PURCHASING NETWORK MONTREAL, July 08, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the "Corporation"), is pleased to announce it has signed a share purchase agreement to acquire Arkham Metals SAS (Ecuador) from Pelorus Minerals Limited, a wholly owned subsidiary of Arkham Metals Limited Australia. As previously announced, Dynacor will pay $9.75 m ...
NexGold Receives Schedule 2 Amendment Approval for Goldboro Gold Project
Globenewswire· 2025-07-08 11:00
TORONTO, July 08, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to announce that the federal government of Canada has approved an amendment to Schedule 2 of the Metal and Diamond Mining Effluent Regulations (“MDMER”) for the Goldboro Gold Project (“Goldboro”). This amendment lists one geographic area encompassing seven water bodies located within the footprint of the Project’s tailings management facility (TMF) to Schedule 2 of the Regulatio ...
Dundee Precious Metals Announces Preliminary Second Quarter Production Results and Timing of Second Quarter Financial Results
Globenewswire· 2025-07-08 10:45
Core Viewpoint - Dundee Precious Metals ("DPM") reported solid production results for Q2 and the first half of 2025, with gold and copper production increasing as planned, and both mines are on track to meet 2025 guidance [1][4]. Production Highlights - In Q2 2025, Chelopech processed 541.1 Kt of ore, producing 47.0 K oz. of gold and 6.4 M lbs. of copper, while Ada Tepe processed 189.9 Kt of ore, producing 14.1 K oz. of gold [2]. - Year-to-date (YTD) 2025, Chelopech produced 84.4 K oz. of gold and 12.3 M lbs. of copper, and Ada Tepe produced 26.6 K oz. of gold [2]. - Full-year guidance for 2025 includes consolidated production of 2,700 – 2,900 Kt of ore, 225 – 265 K oz. of gold, and 205 – 240 M lbs. of copper [2]. Operating Highlights - Chelopech's gold production met expectations, while copper production was slightly below plan due to lower grades; higher grades are expected later in the year [4]. - Ada Tepe's gold production is forecasted to nearly double in the second half of 2025 due to mine sequencing [5]. Return of Capital to Shareholders - In Q2 2025, DPM repurchased 2,431,548 common shares at an average price of US$13.50 per share, totaling approximately US$32.8 million; year-to-date repurchases amount to approximately US$116.1 million [6]. Dividend Announcement - DPM announced a quarterly dividend of US$0.04 per share, payable on July 15, 2025, to shareholders of record on June 30, 2025 [7]. Upcoming Financial Results - DPM plans to release its Q2 2025 operating and financial results on July 31, 2025, after market close [8].
K92 Mining Announces Retirement of Philip Samar from Executive Role, Transition to Senior Advisor
Globenewswire· 2025-07-08 10:30
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) announces the retirement of Philip Samar from his role as Vice President, Government and Community Affairs. Philip will continue to support the Company as a senior advisor in a consulting capacity going forward. Mr. Samar joined K92 in January 2019 as Vice President, External and Corporate Affairs (subsequently titled Vice President, Government and Community Affairs), augmenting a ...
Equinox Gold Reports Second Quarter 2025 Gold Production of 219,122 Ounces
Newsfile· 2025-07-08 10:30
Core Insights - Equinox Gold reported a total gold production of 219,122 ounces for Q2 2025, with contributions from both Greenstone and Calibre Mining assets [4][7] - The company anticipates a stronger second half of 2025, driven by the ramp-up at Greenstone and progress at the Valentine Gold Mine [3][5] - Equinox Gold has a consolidated guidance for 2025 of 785,000 to 915,000 ounces, reflecting a solid operational foundation [3][4] Production and Financial Performance - Total consolidated gold production for the year to date is 401,211 ounces, with Q1 production at 182,089 ounces and Q2 production at 219,122 ounces [7] - Cash and equivalents stood at $406 million as of June 30, 2025, positioning the company well for future growth [3][7] Strategic Developments - The successful merger with Calibre Mining has added a second high-quality, long-life Canadian gold mine to Equinox Gold's portfolio, enhancing its operational capabilities [2][7] - The integration of new senior executives and board members is expected to strengthen the company's leadership and operational expertise [2][3] Project Updates - The Valentine Gold Mine is on track for first ore through the mill in late August 2025, with first gold expected approximately a month later [5][7] - Discovery drilling at the Valentine Gold Mine has shown promising results, with significant gold grades reported [10]
X @Investopedia
Investopedia· 2025-07-08 00:00
Royal Gold shares sank Monday as the Denver-based company announced a pair of acquisitions totaling roughly $3.7 billion. https://t.co/a0xWHFJEbZ ...
Montage Gold Announces Appointment of Jeremy Langford to the Board of Directors
Globenewswire· 2025-07-07 21:15
Core Viewpoint - Montage Gold Corp. has appointed Jeremy Langford to its Board of Directors, which is expected to enhance the company's capabilities in developing its Koné project, aiming for first gold pour in Q2-2027 [1][2][3] Company Overview - Montage Gold Corp. is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project located in Côte d'Ivoire [6] - The Koné project has an estimated mine life of 16 years and is projected to produce over 300,000 ounces of gold annually during the first 8 years, with production expected to start in Q2-2027 [6] Appointment of Jeremy Langford - Jeremy Langford is a highly experienced mining executive with over 20 years in the industry, known for successfully designing, building, commissioning, and operating large gold mining operations [4][5] - His previous roles include President of Artemis Gold Inc., COO of Centamin Plc, and COO & Executive Vice President of Construction and Technical Services at Endeavour Mining Corporation, where he led the development of multiple gold projects in West Africa [4][5] - Langford's expertise is expected to be instrumental in advancing the Koné project towards its production goals [2][3] Board Composition - Following Langford's appointment, Montage's Board will consist of seven members, including Ron Hochstein (Chair), Alessandro Bitelli, Anu Dhir, David Field, Richard Clark, Martino De Ciccio, and Jeremy Langford [3]
Asante Closes Bought Deal Private Placement of Subscription Receipts
Globenewswire· 2025-07-07 21:05
Core Viewpoint - Asante Gold Corporation has successfully closed a bought deal private placement, raising gross proceeds of C$236,785,000 through the issuance of 163,300,000 subscription receipts at a price of C$1.45 each, which will be used for development and growth expenditures at its mines and to settle obligations with Kinross Gold Corporation [1][12]. Financing Details - The offering was completed under an underwriting agreement with BMO Capital Markets as the lead underwriter, with a cash commission of 5.5% on gross proceeds, excluding certain sales [2]. - The gross proceeds, after deducting 50% of the underwriters' commission and related expenses, are held in escrow until specific conditions are met, including the satisfaction of the Escrow Release Condition [3][5]. - The company plans to secure a financing package that includes a US$150 million senior debt facility, a US$125 million subordinated debt facility, and a US$50 million gold stream financing [8]. Financing Package Composition - The financing package is expected to involve US$175 million from Appian Capital Advisory Ltd. and US$170 million from FirstRand Bank Limited, with specific allocations for each component of the financing [9]. - The company intends to issue common share purchase warrants to Appian as part of the financing arrangement, which will be exercisable at a price of C$1.67 per share [9]. Kinross Debt Settlement - Asante Gold plans to settle approximately US$53 million in deferred consideration owed to Kinross Gold Corporation through cash payments and the issuance of common shares to increase Kinross's equity ownership to 9.9% [10]. Use of Proceeds - The net proceeds from the offering and financing package will be allocated for development and growth at the Bibiani and Chirano mines, settling obligations to Kinross, and general working capital [12]. Corporate Updates - The company announced the retirement of its Chief Operating Officer, Adriano Sobreira, and the strengthening of its senior management team with new appointments in Ghana [15][16]. - The annual general and special meeting of shareholders has been rescheduled to October 2025 to accommodate holders of subscription receipts [18].
CopAur Minerals To Acquire The Royal Vindicator Project
Newsfile· 2025-07-07 20:38
Core Viewpoint - CopAur Minerals Inc. has entered into a purchase agreement to acquire Chester Holdings Inc. and its subsidiary, which includes rights to mine and process materials from the Royal Vindicator property in Georgia, USA [1][2]. Acquisition Details - The acquisition involves a total purchase price of US$6,569,811.31, with payments structured as follows: US$700,000 in cash at closing, US$2,500,000 in cash or shares at CopAur's discretion, and US$3,369,811.31 in debt repayment over six years [2][3]. - Additional obligations include a US$1,000,000 working capital contribution for 2025, a US$250,000 reimbursement to a third party, and a US$250,000 finder's fee [3]. Financing and Conditions - The acquisition is contingent upon CopAur securing a minimum financing of US$1,850,000 by August 15, 2025 [4]. - The transaction is subject to acceptance by the TSX Venture Exchange [5]. Company Background - CopAur is focused on developing mining projects in Nevada, with its flagship project being the Kinsley Mountain Gold Project [7].