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Atico Reports Consolidated Financial Results for 2024
Globenewswire· 2025-04-24 20:30
Core Viewpoint - Atico Mining Corporation reported a net loss of $18.7 million for the year ended December 31, 2024, primarily due to a significant arbitration ruling in Colombia, despite achieving higher sales and operating income compared to the previous year [2][6][3]. Financial Performance - The company posted income from mining operations of $14 million, with sales increasing by 19% to $68.5 million compared to $57.5 million in 2023 [2][6]. - The net loss for 2024 was $18.7 million, a substantial increase from a net loss of $5.8 million in 2023, largely due to a $24.5 million pre-tax loss from the arbitration ruling [6][7]. - The average realized price for copper was $4.19 per pound, up from $3.94 in 2023, and for gold, it was $2,452 per ounce, compared to $2,009 in 2023 [6][7]. Production and Operational Details - Atico's El Roble mine produced 13.7 million pounds of copper and 9,106 ounces of gold in concentrate, with cash costs of $2.07 per payable pound of copper [2][8]. - Copper production increased by 4% year-over-year, while gold production decreased by 10%, attributed to changes in head grades and processed ore [8][9]. - The company processed 274,181 tonnes of ore, a decrease of 2% from 2023, with a copper grade of 2.46% and a gold grade of 1.61% [9]. Cash Costs and Margins - Cash costs per tonne of processed ore rose by 10% to $142.68, while cash costs per pound of payable copper increased by 1% to $2.07 [6][9]. - The cash margin per pound of payable copper produced was $2.12, reflecting a 12% increase over 2023 due to higher realized copper prices and improved copper head grades [6][9]. Arbitration and Liabilities - The arbitration ruling on March 7, 2025, required the company to back pay copper royalties since 1994, resulting in a total pre-tax loss of $24.5 million for 2024 [11][13]. - As of December 31, 2024, the company had an outstanding arbitration award liability of $13.2 million, with $4.7 million classified as a current liability and $8.5 million as a non-current liability [13]. Future Outlook - The company aims to prioritize production goals and cost efficiencies at El Roble while taking advantage of favorable metal prices [3][6]. - Atico is also working on obtaining necessary permits for the La Plata project, indicating ongoing development efforts in its project pipeline [14].
Teck(TECK) - 2025 Q1 - Earnings Call Presentation
2025-04-24 16:11
April 24, 2025 CAUTION REGARDING FORWARD-LOOKING STATEMENTS FIRST QUARTER 2025 CONFERENCE CALL Both these slides and the accompanying oral presentation contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "a ...
Yukon Metals Announces 2025 Birch Property Drilling Campaign and Exploration Plans
Globenewswire· 2025-04-23 13:00
Core Viewpoint - Yukon Metals Corp. is set to launch a comprehensive exploration program at its Birch Property, focusing on copper-gold targets, with a planned 3,000-meter diamond drilling campaign and regional exploration initiatives [1][3][5]. Exploration Program Details - The 2025 exploration program will build on successful geophysical surveys, soil sampling, and geological mapping conducted in 2024, targeting Induced Polarization and airborne magnetic anomalies associated with surface soil anomalies [3][4]. - Drilling will focus on high-grade copper-gold skarn targets, with previous rock-chip samples showing grades up to 14.1 g/t gold and 2.42% copper [5][6]. - The program includes regional soil sampling and alteration mapping to explore northern and eastern extensions of 2024 anomalies, with soil samples showing gold levels up to 0.99 g/t across a 1,400-meter strike length [5][4]. Community Engagement - Yukon Metals emphasizes collaboration with local contractors, including New Age Drilling and Vision Quest, to ensure responsible exploration and meaningful partnerships within the local community [3][6]. Geological Context - The Birch project is located within the Yukon-Tanana Terrane, characterized by a variety of geological formations, including schists and marble units, which are conducive to mineralization [7][8]. - Historical exploration in the area has identified copper, zinc, and molybdenum mineralization, with renewed interest in gold exploration since the early 2010s [9]. Company Background - Yukon Metals Corp. is well-financed and has a property portfolio built on over 30 years of prospecting, focusing on copper-gold and silver-lead-zinc assets [13][14]. - The company aims to foster sustainable growth within local communities while enhancing shareholder value through inclusive strategies [14][15].
American Eagle Commences Exploration Season at NAK
Newsfile· 2025-04-23 10:00
Core Insights - American Eagle Gold Corp. has initiated its 2025 exploration campaign with a helicopter-borne magnetic survey over its 100%-owned NAK copper-gold porphyry project in British Columbia [1][4] Exploration Campaign Details - The magnetic survey will cover 480 line-kilometres with 50-metre spacing, utilizing four sensors for improved resolution compared to the previous single sensor method [2] - The survey aims to enhance the understanding of the geological features and subsurface structures at NAK, helping to identify optimal drill targets [2][4] Drilling Plans - A fully funded 30,000-metre drilling campaign at NAK is set to begin in May 2025, which will exceed the total metres drilled by the company over the past three years combined [3] - This drilling campaign is expected to be one of the most extensive single-season efforts in British Columbia's Babine region, reflecting the project's growing scale and momentum [3] Project Background - The NAK Project is located in the Babine copper-gold porphyry district and has a significant near-surface copper-gold system measuring over 1.5 km x 1.5 km [5] - Historical drilling has revealed high-grade copper-gold mineralization, indicating the presence of both near-surface and deeper mineralization zones [5] Financial Position - The company is backed by over $37 million in cash, supported by strategic investments from Teck Resources and South32, ensuring it remains fully funded for at least another two years [6][4]
金属周报 | 关税预期改善叠加通胀支撑,铜价上行、金价再创新高
对冲研投· 2025-04-21 11:55
Group 1 - The article highlights a recent recovery in market risk appetite due to easing tariff tensions between China and the U.S., with both sides expressing willingness to engage in dialogue under certain conditions [1][4] - Gold and copper prices have shown strength, with COMEX gold rising by 2.65% and copper by 3.35% last week, indicating a positive market sentiment [3][4] - The article notes that while gold prices reached a historical high, there was a slight pullback due to profit-taking, suggesting a potential short-term weakening of upward momentum [5][21] Group 2 - The copper market has stabilized after previous volatility, with prices reflecting an optimistic outlook despite the lack of concrete actions regarding tariffs [4][6] - Domestic refined copper inventory has significantly decreased, with strong downstream demand reflected in increased orders and deliveries, indicating resilience in domestic consumption [6][50] - The article discusses the copper concentrate market, noting a decline in the TC index and ongoing supply pressures, which may affect pricing dynamics in the near term [8][11] Group 3 - In the precious metals market, gold and silver prices have shown significant increases, with COMEX gold reaching $3323.1 per ounce, a 5.0% rise from the previous week [22] - The article mentions that the gold-silver ratio continues to rise, indicating a stronger performance of gold relative to silver [23] - The article also highlights a decrease in COMEX gold inventory by approximately 1.37 million ounces, while silver inventory increased by about 1.63 million ounces, reflecting changing market dynamics [35][40]
Intrepid Metals Identifies Several New Porphyry Copper-Gold Targets at Corral Copper
Newsfile· 2025-04-15 11:00
Core Insights - Intrepid Metals Corp has identified several new porphyry copper-gold targets at the Corral Copper Property in Cochise County, Arizona, which is geologically similar to the Bisbee Camp known for high-grade copper-gold deposits [1][2][17] - The Corral Copper Project has not undergone a systematic porphyry exploration campaign before, making this initiative significant for potential mineral discoveries [2][4] Company Developments - The 2024 drill program at Corral confirmed the presence of porphyry copper potential, with significant geological features observed in the drill core [2][4] - The Corral Copper Project includes three main prospects: Ringo, Earp, and Holliday, which are characterized by carbonate replacement deposits and potential porphyry mineralization [2][4] - The company has conducted systematic exploration targeting using various modern techniques, including geological mapping and airborne geophysics, to identify porphyry zones [5][7][8] Mineralization and Exploration Potential - The Ringo Zone is highlighted for its near-surface supergene enrichment and various mineralization styles, indicating a promising environment for copper-gold-silver deposits [4][12] - Initial drill results from the Ringo Zone showed high-grade intercepts, including 112.95 meters of 1.50% Copper, 0.53 grams per ton Gold, and 8.22 grams per ton Silver [14][22] - The Corral Copper Property is positioned in a historically rich mining area, with the potential for significant mineralization based on past production in the Bisbee mining camp [17][18] Acquisition and Financial Updates - The company has entered into a Purchase and Sale Agreement for the Emmet Claim, adding 19.13 acres to the Corral Copper Project, with a payment of $10,000 and issuance of 75,000 common shares [15][23] - Intrepid has granted 1,850,000 stock options to its directors, officers, and consultants, with an exercise price of $0.39, expiring on April 14, 2030 [16]
Nexa Resources Announces 2024 Year-End Mineral Reserves and Mineral Resources
Newsfile· 2025-03-27 21:32
Nexa Resources Announces 2024 Year-End Mineral Reserves and Mineral ResourcesMarch 27, 2025 5:32 PM EDT | Source: Nexa ResourcesLuxembourg, Luxembourg--(Newsfile Corp. - March 27, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources" or "Nexa" or the "Company") announces its 2024 Year-End Mineral Reserves and Mineral Resources ("MRMR") update for its operations and projects in Peru and Brazil.Commenting on the MRMR update, Ignacio Rosado, CEO of Nexa Resources, stated: "Our 2024 mineral e ...