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Atico Mining Announces Execution of Loan Amendment with Trafigura to Restructure Outstanding Credit Facility
Globenewswire· 2025-06-30 20:29
Core Viewpoint - Atico Mining Corporation has successfully executed a loan amendment and restructuring with Trafigura, extending its existing secured credit agreement and outlining repayment terms for the outstanding principal amount of US$8.7 million [1][2]. Group 1: Loan Amendment and Restructuring - The outstanding principal amount of US$8.7 million will be repaid in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026 [2]. - The outstanding principal amount will accrue interest at a rate of SOFR plus 7.5% [2]. - The existing commercial concentrate purchase contract with Trafigura has been extended for two more years, covering 100% of the concentrate produced from the El Roble mine, with a minimum annual tonnage of 32,000 dry metric tons [2]. Group 2: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America [3]. - The company generates significant cash flow through the operation of the El Roble mine and is developing the high-grade La Plata VMS project in Ecuador [3]. - Atico is also pursuing additional acquisition opportunities in advanced stages [3].
Liberty Star launches 3D IP survey at Red Rock Canyon gold project
Proactiveinvestors NA· 2025-06-30 14:13
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, ...
ARIS MINING COMPLETES INSTALLATION AND COMMISSIONING OF SECOND MILL AT SEGOVIA, ON TIME AND ON BUDGET
Prnewswire· 2025-06-30 12:30
The second mill is fully integrated into the existing plant infrastructure and utilizes shared circuits for crushing, flotation, leaching and tailings filtration. The project was completed on schedule and within budget, with commissioning activities completed in June 2025. Neil Woodyer, CEO, commented "The installation and commissioning of the second mill at Segovia, which began operating last week, is another important step in advancing our growth strategy to reach an aggregate production rate of more than ...
Newmont: The Most Mispriced Large-Cap Stock In The Gold Mining Industry
Seeking Alpha· 2025-06-29 09:03
Core Viewpoint - The current narrative surrounding Newmont Corporation (NEM) is overly focused on high All-in Sustaining Costs (AISC) and the integration process of Newcrest, which may overlook other important factors affecting the company's performance [1]. Group 1: Financial Performance - Newmont's AISC remains high at approximately $1650 per ounce, indicating ongoing cost pressures in its operations [1]. Group 2: Strategic Integration - The integration of Newcrest has not progressed as expected, which could impact Newmont's operational efficiency and future growth potential [1].
Alamos Gold Provides Notice of Second Quarter 2025 Results and Conference Call
Globenewswire· 2025-06-27 19:00
Company Overview - Alamos Gold Inc. is a Canadian-based intermediate gold producer with diversified production from three operations in North America, including the Island Gold District and Young-Davidson mine in Ontario, Canada, and the Mulatos District in Sonora State, Mexico [2] - The company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba, Canada [2] - Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development [2] Upcoming Financial Results - Alamos plans to release its second quarter 2025 financial results after market close on July 30, 2025 [1] - Senior management will host a conference call on July 31, 2025, at 10:00 am ET to discuss the results [1] - Participants can join the conference call via webcast or through specific dial-in numbers provided [1]
ValOre Announces Termination of Amalgamation Agreement with South Atlantic
Globenewswire· 2025-06-27 18:33
Core Viewpoint - ValOre Metals Corp. and its partners have mutually terminated the amalgamation agreement with South Atlantic Gold Inc. due to the failure of South Atlantic shareholders to approve the proposed amalgamation [1] Group 1: Company Overview - ValOre Metals Corp. is a Canadian company focused on deploying capital and expertise in projects that have seen substantial prior investment, possess high-value mineralization, and offer opportunities for value addition through exploration and innovation [2] Group 2: Amalgamation Details - The amalgamation agreement was intended for ValOre to indirectly acquire all issued and outstanding shares of South Atlantic [1] - The termination of the agreement was effective as of June 27, 2025, following the annual general and special meeting of South Atlantic [1]
3 Stocks With Upgraded Broker Ratings to Consider for Solid Returns
ZACKS· 2025-06-27 13:51
Core Insights - Stock markets are currently facing significant volatility due to geopolitical tensions and an ongoing trade war, leading to expectations of economic slowdown and rising inflation [1] Group 1: Broker Recommendations - Following brokers' recommendations can simplify stock selection, with Exelixis, Inc. (EXEL), Lyft, Inc. (LYFT), and Kinross Gold Corporation (KGC) highlighted as potential investment opportunities [2] - Brokers have direct communication with top management, providing them with insights into company performance and sector dynamics, which aids in assessing stock potential [3] Group 2: Stock Selection Strategy - A screening strategy for identifying potential winning stocks includes: - Broker rating upgrades of 1% or more over the last four weeks [5] - Current stock price greater than $5 [5] - Average 20-day trading volume greater than 100,000 [5] - Stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) have historically shown success, especially when combined with a VGM Score of A or B [6] Group 3: Company-Specific Insights - Exelixis, Inc. (EXEL) focuses on oncology and has four approved drugs, with a projected 32% earnings growth in 2025 and a 5% recent broker rating upgrade [7][9] - Lyft, Inc. (LYFT) operates multimodal transportation networks, expecting a 15.8% earnings growth in 2025, with a 2.5% recent broker rating upgrade [8][9] - Kinross Gold Corporation (KGC) is a top gold mining company, with a projected 69.1% earnings growth in 2025 and an 8.3% recent broker rating upgrade [10][9]
North Bay Resources Announces Physical Gold + Shares Unit Financing
Globenewswire· 2025-06-27 13:08
Group 1 - North Bay Resources, Inc. is conducting a private placement offering for accredited investors, aiming to raise up to $1,000,000 USD through the sale of Units consisting of 60% Common Shares and 40% physical gold [1][2] - Each Unit is priced at $0.001 USD, equating to 10,000,000 shares and 1.3 ounces of gold per $10,000 investment, with a post-closing valuation of approximately $5,500,000 USD if fully subscribed [2] - The offering is expected to close on or before July 31, 2025, with no commissions or agent fees involved [3] Group 2 - The Company operates the Bishop Gold Mill and several mining projects, including the Fran Gold Project, which has a recently discovered bulk tonnage deposit [6] - The Fran Gold Project has a current resource estimate of 20,035,146 tonnes at an average grade of 0.50 g/t, totaling 323,170 troy ounces of gold [8] - Additional exploration has identified a larger resource estimate of 43,797,234 tonnes at an average grade of 0.34 g/t, totaling 474,001 troy ounces of gold [10]
Wesdome Gold Mines Completes Acquisition of Angus Gold
Globenewswire· 2025-06-27 13:02
All amounts are expressed in Canadian dollars unless otherwise indicated TORONTO, June 27, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) and Angus Gold Inc. (TSX-V: GUS, OTC: ANGVF) (“Angus”) are pleased to announce the successful acquisition by Wesdome of all of the issued and outstanding common shares of Angus not already owned by Wesdome pursuant to a plan of arrangement (the “Arrangement”). The Arrangement became effective as of today’s date, resu ...
NetworkNewsAudio Announces Audio Press Release (APR) on New Gold Player Emerging in One of Canada's Premier Mining Districts
Globenewswire· 2025-06-27 12:30
Company Overview - LaFleur Minerals Inc. is focused on developing gold projects in the Abitibi Gold Belt, Québec, with a significant emphasis on the Swanson Gold Project and the Beacon Gold Mill [4] - The Swanson Gold Project spans approximately 16,600 hectares and includes several gold-rich prospects previously held by other mining companies [4] - The Beacon Gold Mill has been fully refurbished and is capable of processing over 750 tonnes per day, supporting both internal ore processing and custom milling for nearby projects [4] Industry Context - Gold prices have surged to over US$3,300 per ounce in early 2025, with projections reaching US$4,000 within 12 to 18 months, driven by declining confidence in U.S. fiscal policy and rising inflation [2] - This price increase has heightened interest in Canadian gold producers, known for their stability and operational reliability [2] Strategic Positioning - LaFleur Minerals is advancing towards near-term production, with plans for bulk sample permitting and a targeted mill restart by the end of 2025 [2][3] - The company has a compliant resource of over 187,000 ounces of gold and aims to transition from explorer to producer, with full-scale production expected to reach up to 30,000 ounces annually by early 2026 [3] - LaFleur's vertical integration model is designed to create early revenue streams and scalable growth opportunities in a favorable gold market [1][3]