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ORVANA REPORTS Q1 FY2026 PRODUCTION AND EXPLORATION RESULTS; AND PROVIDES UPDATE ON OXIDES STOCKPILE PROJECT AT DON MARIO, BOLIVIA
Prnewswire· 2026-01-16 10:30
Core Viewpoint - Orvana Minerals Corp. reported strong operational performance in Q1 FY2026, with increased gold production and advancements in exploration projects, particularly at the Don Mario operation in Bolivia and the Taguas Project in Argentina [2][6]. Q1 FY2026 Production Highlights - Total production for Q1 FY2026 was 10,576 Gold Equivalent Ounces, comprising 9,308 gold ounces, 0.7 million copper pounds, and 31,007 silver ounces [6][8]. - Orovalle, the Spanish unit, accounted for 100% of the production during the quarter [6]. - The mill processed approximately 129,622 dry tonnes, which is 28% higher than the previous quarter [9]. - Gold production increased by 47% compared to the previous quarter, primarily due to a 28% increase in tonnes milled and a 13% increase in gold grade [9]. Exploration Updates - The exploration program at the Taguas Project is progressing as scheduled, with a geophysical survey completed over a 4 km² area of interest [6][8]. - The company plans to drill approximately 4,500 metres through April 2026, targeting areas with potential copper-gold porphyry indicators [6][8]. - Infill and brownfield drilling at El Valle Boinás totaled 3,337 metres, confirming the continuity of mineralized bands [11][12]. Oxides Stockpile Project - The Don Mario Plant expansion is advancing, with initial doré production expected to commence in February 2026, subject to the completion of ongoing performance verification activities [6][9]. - The copper circuit construction is now anticipated to be completed by mid-March 2026, following delays in material delivery [9]. - The company is enhancing desorption and smelting processes for gold and silver, expecting completion in January 2026 [6][9]. Financial Performance - Average market prices for Q1 FY2026 were $4,141.90/oz for gold, $54.71/oz for silver, and $5.03/lb for copper, reflecting significant increases compared to previous quarters [10]. - The company plans to release consolidated operational and financial highlights for Q1 FY2026 in mid-February 2026 [23].
Prismo Metals Closes Acquisition of Increased Interest in Hot Breccia
Thenewswire· 2026-01-16 07:30
Core Viewpoint - Prismo Metals Inc. has increased its interest in the Hot Breccia copper project from 75% to 95% and has an option to acquire the remaining 5%, aiming for full ownership of the project [1][2]. Group 1: Transaction Details - Prismo paid CA $185,000 to acquire an additional 20% interest in the Hot Breccia project and assumed Infinitum's obligations under the existing option agreement [2]. - The transaction includes the issuance of 450,630 common shares to Walnut Mines LLC at a deemed price of $0.11 per share [2]. - Prismo will pay Infinitum 5% of any consideration received if it assigns its interest in Hot Breccia to a third party [2]. Group 2: Strategic Importance - The acquisition significantly enhances Prismo's strategic flexibility regarding the Hot Breccia project [2]. - The project is located in Arizona's copper belt, which contains several major porphyry copper deposits, indicating its potential value [3]. Group 3: Future Plans - Prismo is committed to advancing the Hot Breccia project and is evaluating various strategic alternatives to initiate drilling [2]. - Walnut Mines LLC supports actions that will facilitate a serious drilling program at Hot Breccia, with hopes for progress in 2026 [2].
First Quantum Minerals Announces 2025 Preliminary Production and 2026 - 2028 Guidance
Globenewswire· 2026-01-15 22:01
Core Viewpoint - First Quantum Minerals Ltd. announced preliminary production results for 2025 and provided guidance for production, capital expenditure, and costs for 2026 to 2028, highlighting strong operational performance and ongoing projects like Cobre Panamá and Taca Taca [1][2]. Production Highlights - Annual copper production for 2025 was 396 thousand tonnes, within the revised guidance range of 390 to 410 thousand tonnes, but 35 thousand tonnes lower than 2024 [4][7]. - Gold production for 2025 reached 152 thousand ounces, exceeding the top end of the revised guidance range of 140 to 150 thousand ounces [4][11]. - Nickel production for 2025 was 23.2 thousand tonnes, surpassing the revised guidance range of 18 to 23 thousand tonnes [4][12]. Cobre Panamá Update - The Government of Panama will approve the removal and processing of low-grade ore stockpiles, creating 700 direct jobs and generating royalties for the country [2][33]. - Processing of stockpiles is expected to produce approximately 70 thousand tonnes of copper and will not constitute a mine reopening [35][34]. Taca Taca Update - An updated Technical Report for Taca Taca is expected in Q1 2026, with approvals for the Environmental and Social Impact Assessment and water permit applications anticipated in the first half of 2026 [6][40]. Three-Year Guidance - Copper production guidance for 2026 is set at 375 to 435 thousand tonnes, with a slight decrease in Kansanshi output due to increased ore hardness [18][19]. - Gold production guidance for 2026 is lowered due to lower grades at Kansanshi, while nickel production guidance remains unchanged [18][21]. Capital Expenditure - Total capital expenditure guidance for 2026 is increased to $1,000 to $1,150 million, reflecting expenditures originally scheduled for 2025 [30][31]. - Approximately $600 million of the three-year capital expenditure is related to sustainability projects aimed at improving cost structure and productivity [31][32]. Cost Guidance - Total copper C1 cash cost and AISC unit cost ranges have increased due to lower production forecasts and changes in methodology [24][26]. - AISC trends are expected to decrease in outer years as production increases and sustaining capital reduces [27].
Copper Miner Freeport-McMoRan's Earnings Are Due. Take Advantage Of Volatility Around The Report.
Investors· 2026-01-15 18:24
Group 1 - The document does not contain any relevant information regarding companies or industries [2][3][5][6]
Rio Tinto to supply copper to Amazon for AI data centers
Reuters· 2026-01-15 17:45
Group 1 - Rio Tinto will supply copper leached from an Arizona mine to Amazon.com [1] - The copper will be used in Amazon's artificial intelligence data centers [1]
Amazon digs deep for AI gold as copper mine partnership fuels massive data center expansion
Yahoo Finance· 2026-01-15 17:15
Amazon’s push to build massive artificial-intelligence data centers is now extending into Arizona, where a recently restarted copper mine is supplying industrial metal seen as increasingly critical to powering Big Tech’s AI infrastructure. On Thursday, The Wall Street Journal reported that Amazon Web Services (AWS) signed a two-year agreement with mining giant Rio Tinto’s Nuton venture to secure copper supplies tied to its expanding AI data centers. The Arizona mine outside Tucson — the Johnson Camp mine ...
African Discovery Group Announces Shareholder Approval of Butembo Merger Agreement
Prnewswire· 2026-01-15 14:11
Core Viewpoint - The merger between African Discovery Group and Butembo Copper Exploration will create the first stand-alone Democratic Republic of Congo (DRC) company to be publicly traded in the United States, focusing on copper exploration in under-explored basins in Africa and specifically the DRC [2][3]. Company Summary - African Discovery Group has received shareholder approval for the merger to acquire 100% of SOCIETE GRABIN MINING SAS, which will enhance its position in the copper exploration sector [2]. - The combined company aims to capitalize on the significant copper reserves in the DRC, which holds 65% of newly announced copper reserves globally, according to S&P Global Market Intelligence [3]. Industry Summary - The DRC is recognized for having some of the highest grade copper deposits globally, with eight out of the ten highest grade deposits discovered since 1990 located in Africa, as reported by Rio Tinto [3]. - The demand for copper is expected to rise due to various factors, including grid modernization, electronic vehicles, and advancements in telecommunications and artificial intelligence infrastructure, creating a favorable environment for copper as a strategic mineral [3].
Gunnison Copper to supply copper for AWS data centers under Rio Tinto collaboration
Proactiveinvestors NA· 2026-01-15 13:38
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
TNR Gold Announces Appointment of Director
TMX Newsfile· 2026-01-15 13:30
Core Viewpoint - TNR Gold Corp. has appointed Leopold Sutton to its Board of Directors, bringing valuable expertise in business transformation consulting, while Tobias Higgins has resigned to pursue new professional commitments [1][4]. Company Overview - TNR Gold Corp. aims to become a leading player in the green energy metals royalty and gold sector, focusing on creating supply chains for critical materials that support the energy transition [5]. - The company holds a diverse portfolio of assets that provide exposure to various aspects of the mining cycle, including partnerships with industry leaders to generate royalty cash flows [6]. Recent Developments - Leopold Sutton's appointment is expected to enhance the company's governance practices and support the Audit Committee, leveraging his extensive experience in financial transformation consulting [4]. - The company has successfully generated high-quality global exploration projects over the past twenty-nine years, with notable potential in the Mariana Lithium Project and Los Azules Copper Project in Argentina [7]. Royalty Holdings - TNR Gold holds a 1.5% NSR royalty on the Mariana Lithium Project, with a potential repurchase arrangement that could adjust its holdings to 0.45% [8]. - The Mariana Lithium Project is fully owned by Ganfeng Lithium and has commenced production with a capacity of 20,000 tons per annum of lithium chloride [9]. - Additionally, TNR Gold holds a 0.4% NSR royalty on the Los Azules Copper Project, which is being developed by McEwen Inc., and a 7% NPR on the Batidero I and II properties of the Josemaria Project, developed by Lundin Mining and BHP [10]. Strategic Focus - The company is actively seeking joint venture partnerships for its Shotgun Gold porphyry project in Alaska, which is strategically located near significant gold projects [11]. - TNR Gold's strategy emphasizes diversification across gold, copper, silver, and lithium, with a commitment to generating in-demand projects and enhancing shareholder value [12].
Gunnison Copper Announces That Rio Tinto and Amazon Web Services Collaborate to Bring Low-Carbon Nuton Copper from Gunnison's Johnson Camp Mine to U.S. Data Centers
TMX Newsfile· 2026-01-15 11:00
Core Insights - Gunnison Copper Corp. has announced a strategic collaboration between Rio Tinto and Amazon Web Services (AWS), marking AWS as the first customer of Nuton® Technology following its successful industrial-scale deployment at Gunnison's Johnson Camp copper mine [1][2] Group 1: Collaboration and Technology - AWS will utilize the first Nuton copper produced in its U.S. data centers, while also providing cloud-based data and analytics to enhance the optimization of Nuton's bioleaching technology [2][3] - Nuton employs AWS platforms to simulate heap-leach performance and integrate advanced analytics, optimizing acid and water usage and improving copper recovery predictions [3][4] Group 2: Environmental and Economic Benefits - The Nuton bioleaching process yields 99.99% pure copper cathode at the mine gate, eliminating the need for traditional concentrators, smelters, and refineries, thus shortening the mine-to-market supply chain [5] - Nuton is expected to consume significantly less water and produce lower carbon emissions compared to conventional processing methods, while also recovering value from previously classified waste materials [5] Group 3: Statements from Executives - Rio Tinto's Copper Chief Executive emphasized the collaboration as a demonstration of how industrial innovation and cloud technology can produce cleaner, lower-carbon materials at scale [6] - Amazon's Chief Sustainability Officer highlighted the collaboration as a breakthrough in copper production that aligns with Amazon's goal to achieve net zero carbon by 2040 [6] - Gunnison Copper's CEO noted the significance of having Nuton copper used in AWS's data centers, reinforcing the importance of domestic production and innovation in strengthening U.S. supply chains [6] Group 4: Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District with 12 known deposits within an 8 km radius in the Southern Arizona Copper Belt [7] - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31%, and a preliminary economic assessment indicates an NPV of $1.3 billion and an IRR of 20.9% [8]