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Wheaton Precious Metals Announces Financing Commitment to Carcetti Capital for Hemlo Mine Acquisition
Prnewswire· 2025-09-11 00:16
"The Hemlo stream reflects our commitment to disciplined capital deployment and long-term value creation," added Haytham Hodaly, President of Wheaton Precious Metals. "This transaction highlights our continued focus on investing in assets with strong geological potential and responsible stewardship. We are pleased to partner with HMC, whose leadership is guided by a strong strategic vision for unlocking further value at Hemlo." Accessibility StatementSkip Navigation VANCOUVER, BC, Sept. 10, 2025 /PRNewswire ...
Vizsla Royalties Announces Appointment of New Independent Director
Newsfile· 2025-09-10 20:30
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Vizsla Royalties Corp. (TSXV: VROY) (OTCQB: VROYF) ("Vizsla Royalties" or the "Company") is pleased to announce the appointment of Matt Dugaro as an independent director of the Company, effective immediately.Mr. Dugaro brings more than 20 years of experience in mining investment banking, advising on corporate strategy, identifying, evaluating and executing mergers and acquisitions, and raising debt and equity capital. His track record has ...
Contango Ore (NYSEAM:CTGO) 2025 Earnings Call Presentation
2025-09-10 16:15
Company Overview - Contango Ore Inc (CTGO) is an Alaskan focused portfolio executing on a Direct Ship Ore (DSO) model[22, 23, 24] - The company's capital structure includes 126 million issued and outstanding shares and 07 million warrants, resulting in 133 million fully diluted shares[17] - As of June 30, 2025, the company's financial position includes $369 million in cash, $200 million in convertible debentures, and $231 million in debt[18] Manh Choh Mine - Manh Choh mine is Contango's flagship project with commercial production starting in July 2024[27] - The mine is projected to produce approximately 60,000 Gold Equivalent Ounces (GEO) in 2025[26] and generate approximately $450 million in Life of Mine (LOM) free cash flow at $3,200/oz gold[26] - In H1 2025, the mine produced 35,146 ounces of gold, resulting in $54 million USD distribution[37] Lucky Shot Project - Lucky Shot is the company's next DSO project, focused on resource expansion over the next 2-3 years[56] - The project has a current resource of 110,000 GEO at 145 g/t[26] - The company plans to conduct a 15,000m in-fill drill program for resource definition, targeting 30,000 to 40,000 gold ounces initial production[66, 67] Johnson Tract Project - Johnson Tract has a current resource of 11 million GEO at 94 g/t[26] - An initial assessment released in May 2025 shows a Post-Tax NPV5 of $2245 million and a 302% IRR, with a 7-year LOM and a 13-year discounted payback period[26] - The LOM annual average production is estimated at 102,258 GEO at 758g/t GEO[100]
Sierra Madre Gold and Silver (OTCPK:SMDR.F) 2025 Conference Transcript
2025-09-10 16:00
Summary of Sierra Madre Gold and Silver Conference Call Company Overview - **Company**: Sierra Madre Gold and Silver (OTCPK:SMDR.F) - **Industry**: Precious Metals Mining - **Location**: Lagotaro silver and gold mine, Mexico City Key Points Production and Expansion Plans - Sierra Madre commenced full commercial production at the Lagotaro mine, targeting 500 tonnes per day, with plans to expand to 750-800 tonnes per day by 2026 and 1,200-1,500 tonnes per day by 2027 [1][2] - Expected silver equivalent production will increase from approximately 1,000,000 ounces per year to between 2,500,000 and 3,000,000 ounces within 24 months [2] Financial Position - The company raised $19,500,000 for expansion and exploration efforts [2][7] - Currently cash flow positive, with expectations of significant cash flows continuing into the next quarters [23][24] Operational Insights - The Lagotaro mine is strategically located with access to cheap power and a local workforce of about 300 people [4][5] - The mine has a rich history, previously operated by First Majestic, and was acquired for $35,000,000 [9][17] - The company has received various permits, including for paste backfill and dry stack tailings, facilitating operational efficiency [14] Technical Team and Management - The technical team, led by Greg Lillard, has extensive experience in mining operations, with a history of successful projects [8][11] - The management team includes local experts, enhancing relationships with local governments and communities [12][13] Exploration Potential - The company holds a large exploration package of about 25,000 hectares, with historical significance as a prolific silver and gold district [15][16] - Plans for a 25,000-meter drill program in the East District, which has not been extensively explored, are underway [27][29] - Historical resources in the district range from 50 to over 200,000,000 ounces of silver, indicating significant exploration potential [34] Production Costs and Equipment - Transitioning from a rental fleet to owned equipment is expected to reduce all-in sustaining costs by $4 per ounce [39][40] - The company is adding new equipment, including a cone crusher and additional ball mills, to support increased production capacity [20][23] Future Outlook - The company anticipates a grade increase of 40% to 50% in silver by the end of the year due to ongoing development [25][26] - Plans to bring on a third mine, Nazareno, later this year to diversify production sources [26] Additional Insights - The local economy has benefited from the mine's operations, with new businesses emerging in the area [5] - Strong shareholder support, including significant investment from Franklin Templeton, indicates confidence in the company's expansion and exploration plans [35][36] This summary encapsulates the key aspects of Sierra Madre Gold and Silver's conference call, highlighting the company's ambitious growth strategy, financial health, operational capabilities, and exploration potential in the precious metals sector.
Sierra Madre Gold and Silver (OTCPK:SMDR.F) 2025 Earnings Call Presentation
2025-09-10 15:00
CORPORATE PRESENTATION September 2025 TS XV : S M | OT CQ X: S M DRF CAUTIONARY / FORWARD LOOKING STATEMENT & TECHNICAL DISCLOSURE Certain statements contained in this presentation constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities laws relating to, without limitation, expectations, intentions, plans and beliefs, including information as to the future events, results of o ...
Nord Precious Metals Advances Recovery Permit Application with Ministry Guidance on District-Scale Silver Processing
Thenewswire· 2025-09-10 14:10
Ontario Ministry Outlines Pathway for Toll Processing of Adjacent Properties, Positioning Nord as Regional Hub for Legacy Tailings RecoverySeptember, 10 2025 – TheNewswire - Nord Precious Metals Mining Inc. (TSX-V: NTH | OTCQB: CCWOF | FRANKFURT: 4T9B) ("Nord" or the "Company") has received formal guidance from the Ontario Ministry of Energy and Mines following its August 28, 2025 pre-submission meeting, outlining an expedited pathway for its Recovery Permit application that includes provisions for process ...
U.S. Gold Corp. to Participate at the Mining Forum Americas 2025 Conference in Colorado Springs, Colorado
Prnewswire· 2025-09-10 12:00
Core Points - U.S. Gold Corp. will attend the Mining Forum Americas 2025 Conference from September 14-17, 2025, at the Broadmoor Hotel & Resort in Colorado Springs, Colorado [1][3] - The Mining Forum is recognized as the world's oldest and most prestigious precious commodity equities investment forum, showcasing a significant portion of publicly traded gold and silver companies [2] - U.S. Gold's management will provide an update on the company's projects during a corporate presentation on September 16, 2025 [3] Company Overview - U.S. Gold Corp. is a publicly traded company focused on gold and copper exploration and development, with a portfolio that includes the CK Gold Project in Southeast Wyoming, the Keystone exploration property in Nevada, and the Challis Gold Project in Idaho [4]
Sunshine Silver closes $75m financing to develop US critical minerals hub
Yahoo Finance· 2025-09-10 11:27
Financing and Project Development - Sunshine Silver Mining & Refining has closed a $75 million equity financing round, enabling the company to pursue large-scale production without incurring debt [1] - The proceeds from this financing will accelerate the project's next phase of development, with production targeted for 2028 [4] Project Overview - The Sunshine project is set to be the only fully integrated, permitted, and infrastructure-ready operation in the US for producing and processing silver, antimony, copper, gallium, and germanium [2] - The project is expected to boost annual silver output in the US by more than 20% in its first five years [2] Strategic Positioning - Sunshine Silver is uniquely positioned to become a major US hub for critical minerals mining and processing, with over $600 million in existing infrastructure and approximately $250 million invested in exploration and development since Electrum's acquisition [3] - The project aligns with US Government initiatives to enhance domestic mineral production and supply chain security, as outlined in the Executive Order of 20 March 2025 [3] Refinery Capabilities - The refinery component of the Sunshine project is authorized to process multiple critical minerals and will also be capable of processing third-party concentrates [4] - Projections indicate that by 2028, the refinery could meet around 40% of the US' annual antimony demand, potentially increasing to 80% by 2031 [5] Collaboration and Supply Chain - Sunshine Silver has signed a memorandum of understanding with Perpetua Resources to evaluate processing antimony from Perpetua's Stibnite project at the Sunshine Mine Complex, aimed at bolstering the US antimony supply chain amidst trade tensions with China [6]
Fortuna advances $19 million generative exploration program across Côte d’Ivoire, Mexico, and Argentina
Globenewswire· 2025-09-10 09:00
Core Viewpoint - Fortuna Mining Corp. is actively advancing its $19 million generative exploration program across its projects in Côte d'Ivoire, Mexico, and Argentina, focusing on identifying new growth opportunities [1][2]. Generative Exploration Highlights - The Guiglo Project in Côte d'Ivoire covers 1,142 square kilometers and includes unexplored areas with favorable geology [3]. - Stream sediment sampling has identified four anomalous catchments, with follow-up soil sampling revealing a significant gold anomaly exceeding 20 parts per billion [4]. - Fieldwork is set to resume in October 2025, including additional sampling and drilling [5]. Tongon North Project, Côte d'Ivoire - The exploration program includes scout drilling of previously untested targets and mapping of artisanal zones [7]. - Preliminary targets are associated with fertile structures extending northeast along Barrick's Tongon Mine [8]. - Fieldwork is expected to restart in November, pending weather conditions [10]. Centauro Project, Mexico - The Centauro Project is located in southeastern Chihuahua and covers 600 hectares, with fieldwork already commenced [11]. - Historical exploration has shown widespread anomalous gold and silver values, indicating a fertile epithermal system [12]. - Recent mapping has confirmed a large silica-capped plateau, suggesting a preserved hydrothermal paleosurface [13]. - A first-pass drill campaign is planned to test the potential of the system at depth [14]. La Carmen Project, Mexico - Early-stage exploration is ongoing at La Carmen, characterized by widespread kaolinite alteration over a 5-kilometer area [18]. - Mapping has identified three main zones indicative of a preserved epithermal system [19]. - Surface access agreements are being secured to commence detailed geological mapping and sampling [20]. Cerro Lindo Project, Argentina - The Cerro Lindo Project is located near Fortuna's Lindero Mine and covers 95 square kilometers, with potential for a high-sulphidation epithermal gold and silver system [21][22]. - Previous sampling has shown extensive gold and silver anomalism, along with significant pathfinder elements [22]. - The Arizaro deposit, part of the Lindero property, has an Inferred Mineral Resource of 32.4 million tons averaging 0.37 g/t Au [24]. Drilling Results - Recent drilling at the Arizaro deposit has yielded significant results, including: - ARD68: 0.69 g/t Au, 0.40% Cu over 22 meters [27] - ARD69: 0.39 g/t Au, 0.19% Cu over 27 meters [27] - ARD71: 0.52 g/t Au, 0.15% Cu over 57 meters [27] - A total of 14 diamond drill holes have been completed, with results received for 7 holes to date [25].
Fortuna advances $19 million generative exploration program across Côte d'Ivoire, Mexico, and Argentina
Globenewswire· 2025-09-10 09:00
Core Insights - Fortuna Mining Corp. has initiated a $19 million generative exploration program across its projects in Côte d'Ivoire, Mexico, and Argentina, aiming to identify and advance new projects for future growth [1][2]. Côte d'Ivoire Projects - The Guiglo Project covers 1,142 square kilometers and includes two permits granted in late 2024, with a third under application, focusing on unexplored areas with favorable geology [3]. - Stream sediment sampling has identified four anomalous catchments, with follow-up soil sampling revealing a significant gold anomaly exceeding 20 parts per billion [4]. - The Tongon North Project has seen active exploration, including drill testing of geochemical and geophysical targets, with fieldwork expected to resume in November 2025 [7][9]. Mexico Projects - The Centauro Project, located in southeastern Chihuahua, has commenced fieldwork after Fortuna obtained option rights to earn a 100% interest in three claims totaling 600 hectares [10]. - Historical exploration has indicated widespread anomalous gold and silver values, suggesting a fertile epithermal system [11]. - Recent mapping has confirmed a large silica-capped plateau, with a first-pass drill campaign planned to test the potential for a preserved gold and silver system at depth [12][13]. Argentina Projects - The Cerro Lindo Project, located near Fortuna's Lindero Mine, is considered prospective for hosting a high-sulphidation epithermal gold and silver system, with previous sampling indicating significant gold and silver anomalism [19][20]. - The Arizaro Deposit, with an Inferred Mineral Resource of 32.4 million tonnes averaging 0.37 g/t Au, has seen extensive drilling, with results indicating promising mineralization [23][26]. - Recent drilling highlights include significant intercepts of gold and copper, with ongoing exploration aimed at understanding the extent of the mineralization [26][25].