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Amerigo Announces Board Appointment
Globenewswire· 2025-06-02 11:30
Group 1: Appointment of Ignacio Cruz - Amerigo Resources Ltd. has appointed Ignacio Cruz to its board of directors [1] - Ignacio Cruz is a Civil Engineer with over 40 years of experience in the mining, energy, and civil society sectors [2] - His previous roles include Executive Chair of TECHO International and CEO of Colbún S.A., as well as 14 years with Antofagasta Minerals [2] Group 2: Experience and Contributions - Cruz has a distinguished career in leading organizations, managing complex financial structures, and developing sustainable strategies [3] - He has served on the boards of various business and philanthropic organizations in Chile and is an international speaker on topics related to strategic management and sustainability in mining [4] - The company anticipates benefiting from Cruz's extensive experience and insights into mining operations in Chile [5] Group 3: Company Overview - Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Codelco, the world's largest copper producer [6] - The company produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile [6]
Teck Resources: Copper Strength Makes It A Buy (Technical Analysis)
Seeking Alpha· 2025-05-31 07:48
Group 1 - Teck Resources Limited (NYSE: TECK) stock is currently under pressure due to global economic headwinds affecting market sentiment [1] - The analysis suggests that Teck is now considered a buy, indicating potential for future gains [1] - Technical indicators show that further gains are anticipated for Teck Resources [1]
Hudbay Provides an Update on the Wildfire Situation near Flin Flon
Globenewswire· 2025-05-29 21:15
Core Viewpoint - Hudbay Minerals Inc. is actively responding to the wildfire situation in northern Manitoba, prioritizing employee safety and compliance with evacuation orders while maintaining essential operations in the region [1][2][3] Group 1: Company Operations - Hudbay has ceased active mine production in Flin Flon following the closure of the 777 mine in 2022, but continues care and maintenance activities [1] - Operations in Snow Lake, located approximately 200 kilometers east of Flin Flon, are expected to see temporary reduced production levels due to a significant portion of the workforce residing in Flin Flon [2] - The company has paused exploration activities in the Flin Flon and Snow Lake regions as fire mitigation efforts are underway [2] Group 2: Community and Employee Support - Hudbay is securing additional accommodations in Snow Lake for evacuated employees and their families [7] - The company is deploying trained emergency personnel to assist with firefighting efforts and maintaining communication with local authorities regarding available resources for emergency response [7] - Hudbay emphasizes its commitment to the safety of employees, their families, and the communities it serves during this challenging time [3] Group 3: Company Profile - Hudbay is a copper-focused mining company with operations in Canada, Peru, and the United States, producing copper as its primary metal along with gold, zinc, silver, and molybdenum [6][8] - The company has a growth pipeline that includes several projects in tier-one mining-friendly jurisdictions, such as the Copper World project in Arizona and the Mason project in Nevada [8] - Hudbay's mission is to create sustainable value and strong returns by leveraging its strengths in community relations, exploration, mine development, and efficient operations [9]
Hudbay Receives TSX Approval for Normal Course Issuer Bid
Globenewswire· 2025-05-28 12:00
Hudbay did not have a NCIB in place during the 12-month period preceding the date hereof, and accordingly, no Shares were repurchased or cancelled during that period. TORONTO, May 28, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, NYSE: HBM), announced today that the Toronto Stock Exchange (the "TSX") has approved its notice of intention to commence a normal course issuer bid ("NCIB") for its common shares ("Shares"). The NCIB will be made in accordance with the requirements ...
Prosper Mobilizes Crews for Additional Drilling at Cyprus
Globenewswire· 2025-05-28 12:00
VANCOUVER, British Columbia, May 28, 2025 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) announces that field crews have been mobilized and preparations are being made to facilitate upcoming diamond drilling activities at the Cyprus Project. Drilling will follow up on results of the ground-based Induced Polarization ("IP") survey completed at Target A in March, 2025. Figure 4 - Examples of intrusions from February/March 2025 drilling. A) Intrusive breccia with strongly s ...
LUCA ANNOUNCES US$4.5 MILLION OF NET EARNINGS IN Q1 2025
Prnewswire· 2025-05-28 11:00
Core Insights - Luca Mining Corp. reported strong financial results for Q1 2025, with net earnings of $4.5 million, EBITDA of $7.6 million, and free cash flow of $11.7 million before working capital adjustments [1][2]. Financial Performance - The company achieved record revenues of over $47.4 million, representing a 117% increase compared to the same quarter in the previous year [4]. - Positive EBITDA was reported at $7.6 million, with adjusted EBITDA reaching $12.7 million [4]. - Free cash flow before working capital items increased significantly to $11.7 million [4]. - The all-in sustaining cost (AISC) per gold equivalent ounce sold was controlled at $2,251, reflecting only a 9% increase from the prior year despite inflationary pressures [4]. Production Metrics - Consolidated gold equivalent production reached 21,293 ounces, a 51% increase compared to Q1 2024, driven by higher throughput and improved head grades at both mines [4]. - Gold production specifically increased by 79% to 7,677 ounces, with silver and zinc production rising by 69% and 71%, respectively [4]. - The Campo Morado mine processed 175,334 tonnes, a 40% increase, while Tahuehueto more than doubled its throughput to 70,948 tonnes [4]. Exploration and Development - Drilling activities are ongoing at both Campo Morado and Tahuehueto mines to delineate additional near-mine resources and test district-scale potential [3][6]. - Significant discoveries include a new high-grade breccia mineralized shoot at Tahuehueto, with drill results indicating 9.4m of 5.21 g/t AuEq [7][8]. - The company has completed 19 underground drillholes as part of a 5,000m Phase 1 program targeting near-mine resource expansion [5][9]. Debt Management and Cash Position - Since January 1, 2025, the company has paid down $8.4 million against its debt facilities, resulting in a current debt balance of $8.5 million [11]. - Luca's total cash and cash equivalents, including silver bullion, stand at $24.6 million, indicating strong cash flow from operations [11]. Market Position and Index Inclusion - Luca Mining Corp. has been added to the Solactive Global Copper Miners Total Return Index, effective May 1, 2025, enhancing its market visibility [13]. - The company is well-positioned to benefit from strong commodity demand with a diversified metal production profile and expanding production levels [12].
REPEAT – Koryx Copper Announces Further Highly Encouraging Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2025-05-27 11:00
Core Insights - Koryx Copper Inc. announced positive assay results from 12 drill holes totaling 3,603 meters as part of the Phase 2 drill program for the Haib Copper Project in Namibia, indicating the project's potential for copper production through conventional methods and heap leaching [2][3][30] Group 1: Drill Program and Results - The company has completed 29 out of a planned 37 drill holes in Phase 2, totaling 8,647 meters of diamond drilling [4] - Significant results include high copper grades in several drill holes, such as HM62 with 572 meters at 0.33% Cu and HM51 with 112 meters at 0.32% Cu [4][21] - The drilling program is expected to accelerate with the arrival of additional drill rigs in the coming weeks, enhancing the drilling rate for the second half of 2025 [3][4] Group 2: Geological and Technical Developments - Ongoing work includes the development of an updated geological model to improve mineral resource estimation, which will incorporate new insights from recent drilling [4][20] - The company is making progress on metallurgical testwork and ancillary studies related to infrastructure, environmental considerations, and permitting [3][4] - A revised geological model is being developed to enhance the identification of higher-grade areas and improve overall resource estimates [20] Group 3: Future Plans and Objectives - The company aims to complete 28,000 meters of drilling by the end of 2025, with the final Phase 4 infill drilling program scheduled to begin in Q2 2026 [17] - Key objectives include targeting higher-grade areas, performing multi-element assays for byproducts, and improving geological modeling [18][19] - The Haib project is positioned as a potential long-life, low-cost copper project with additional copper production possibilities from heap leaching [30][31]
Koryx Copper Announces Further Highly Encouraging Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2025-05-26 14:43
Highlights •Completed 29 drill holes out of a planned 37 holes in Phase 2 for 8,647m of diamond drilling. •Many results received have higher Cu grade than average MRE over large intercepts and include: •HM62:572m @ 0.33% Cu (0 to 572m) incl. 68m @ 0.53% Cu (76 to 114m) incl. 34m @ 0.42% Cu (188 to 222m) <td style="text-align: justify ; vertical-align: middl ...
紫金矿业: 紫金矿业集团股份有限公司关于刚果(金)卡莫阿-卡库拉铜矿暂停部分井下采矿的公告
Zheng Quan Zhi Xing· 2025-05-23 11:19
Core Viewpoint - The company announced a temporary suspension of underground mining operations at the Kamoa-Kakula copper mine due to multiple seismic events, with a focus on safety and further investigation into the causes of these events [1][2] Group 1: Incident Details - The Kamoa-Kakula copper mine experienced multiple seismic events leading to roof collapses in the eastern section, prompting the management to halt underground operations and evacuate personnel and equipment [1] - An internal expert team has been organized to investigate the seismic events, reassess mining methods, and develop corrective measures [1] Group 2: Production Impact - The first and second phase processing plants will operate at reduced capacity, handling approximately 3.8 million tons of surface stockpiled ore with an average copper grade of 3.2% as of April 30, 2025 [2] - The mine's projected copper production for 2024 is 437,000 tons, with a target of 520,000 to 580,000 tons for 2025, with the company holding a 44.45% interest in the project [2] - The seismic events are expected to negatively impact the annual production targets, with further assessments needed to determine the extent of the impact [2] Group 3: Financial Contribution - The Kamoa-Kakula copper mine is expected to contribute approximately RMB 1.72 billion to the company's net profit for 2024, accounting for about 5.37% of the total net profit [2]