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Koryx Files Updated PEA for the Haib Copper Project, Southern Namibia
Globenewswire· 2025-10-08 16:45
VANCOUVER, British Columbia, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Koryx Copper Inc. (“Koryx” or the "Company") (TSX-V: KRY) is pleased to announce filing of the recently completed Preliminary Economic Assessment (“PEA”) of the Company’s 100%-owned, flagship Haib Copper Project (“Haib” or the “Project”) in southern Namibia. The results of the PEA were announced in the Company's news release on September 4, 2025. The technical report comprising the PEA is entitled, “Preliminary Economic Assessment of the Haib Co ...
Teck Resources (NYSE:TECK) Update / Briefing Transcript
2025-10-08 13:00
Teck Resources (NYSE:TECK) Update Summary Company Overview - **Company**: Teck Resources - **Date of Call**: October 08, 2025 - **Focus**: Comprehensive operational review and updates on QB action plan Key Points Operational Review and Action Plan - A comprehensive operations review was launched in August to improve performance through a detailed QB action plan [4] - The review involved third-party technical experts and independent advisers, focusing on enhancing operational practices and establishing achievable plans [4][5] - Enhanced monitoring and tracking of operational performance have been implemented, with direct reporting from SVPs of operations to the CEO [6] QB Operations Update - QB's production has been limited by tailings management facility (TMF) development work, affecting mill availability [7] - Year-to-date mill availability was 87%, but actual utilization was only 70% due to TMF constraints [8] - Recoveries improved sequentially in 2024 but have been impacted in 2025 by transition ores and TMF-related stoppages [9][10] - The focus remains on enabling safe, unconstrained production by raising the dam's crest height [11] TMF Development Work - Key issues include slow drainage of sand due to ultra fines, which has delayed the construction of the sand dam [12][13] - Significant work has been undertaken to improve sand drainage times, with positive initial test results [14] - The TMF development work is expected to continue into 2026, with completion anticipated by the end of that year [22] Revised Guidance and Production Outlook - Changes to guidance reflect a slower ramp-up due to TMF development, with lower recoveries assumed [24] - Average grade at QB is expected to be approximately 0.59% in 2026, with copper production guidance revised to 200,000 to 235,000 tons [30][32] - For 2027, average annual grade is expected to be 0.64%, with production guidance of 240,000 to 275,000 tons [32] - The 2028 production guidance is also revised to 220,000 to 255,000 tons due to lower grade areas being mined [33] Capital Expenditure - Capital guidance for TMF development work in 2026 is CAD $420 million, covering various initiatives including rock bench construction and sand drainage improvements [31][62] - Future capital expenditures for TMF beyond 2026 are expected to be minimal as operations transition to steady state [62] Long-term Potential and Synergies - Despite current challenges, QB remains a world-class Tier one asset with significant potential [38] - The merger with Anglo American is expected to unlock value through synergies between QB and the adjacent Coyoacci operation [40] - The completion of TMF development work is anticipated to eliminate constraints on mill operations from 2027 onwards [42] Additional Insights - The operational review has led to more conservative assumptions and risk adjustments in guidance [41] - The focus on execution and oversight has been strengthened at all levels of the organization [41] Conclusion - Teck Resources is navigating operational challenges primarily related to TMF development, with a focus on improving performance and achieving long-term production goals. The company remains optimistic about its future potential, particularly with the anticipated synergies from the merger with Anglo American.
Amerigo Reports Q3-2025 Operational Results
Globenewswire· 2025-10-08 11:30
Q3-2025 copper production of 14.6 million pounds2025 copper production estimated to be 2% to 5% below guidance. Cash cost1 guidance remains in placePositioned to eliminate remaining debt in Q4-2025$3.5 million returned through Dividends in Q3-2025 VANCOUVER, British Columbia, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce operational results for the quarter ended September 30, 2025 (“Q3-2025”) from Minera Valle Central (“ ...
Gunnison Copper Reports Preliminary Results of University of Arizona Economic Impact Study Highlighting Multi-Billion Dollar Benefits
Newsfile· 2025-10-08 10:30
Gunnison Copper Reports Preliminary Results of University of Arizona Economic Impact Study Highlighting Multi-Billion Dollar BenefitsStudy Projects a Total Present Value Output Of $14.6 Billion, Supporting More than 53,000 Job-Years of Employment and Generating $2.07 Billion In Labor Income Across the U.S. Economy Over the Life of the Gunnison ProjectOctober 08, 2025 6:30 AM EDT | Source: Gunnison Copper Corp.Phoenix, Arizona--(Newsfile Corp. - October 8, 2025) - Gunnison Copper Corp. (TSX: GC ...
Global Markets Waver Amid Tech Export Tensions, Analyst Upgrades in Mining Sector
Stock Market News· 2025-10-08 03:38
Key TakeawaysAsian equities experienced a broad decline following a retreat in U.S. markets, with the Hang Seng Index falling 1.4% amidst concerns over excessive valuations driven by AI euphoria.JP Morgan significantly raised its price target for Dell Technologies (DELL) to $165 from $145, reflecting strong performance fueled by demand for AI servers.National Bank of Canada increased price targets for Canadian copper miners, lifting Ero Copper (ERO) to C$35 from C$27 and Capstone Copper (CS) to C$15, signal ...
Koryx Copper Announces Amendments to Shareholder Meeting Matters
Globenewswire· 2025-10-07 23:26
Core Viewpoint - Koryx Copper Inc. is seeking shareholder approval for the transfer of its registered office to Luxembourg and the continuation of its legal personality as Koryx Copper S.A. due to an ongoing labor dispute affecting the authorization process in British Columbia [2][3][4]. Group 1: Company Actions and Resolutions - The special meeting of shareholders is scheduled for October 15, 2025, to vote on the proposed Continuation and ancillary resolutions [2]. - The Continuation will become effective upon obtaining authorization from the BC Registrar and the signing of the notarial deed in Luxembourg [4]. - The directors and management recommend shareholders vote in favor of the proposed resolutions [5]. Group 2: Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project in Namibia, which is a significant copper/molybdenum porphyry deposit [6]. - The Haib project has a current mineral resource estimate of 414 million tonnes at 0.35% copper in the Indicated category and 345 million tonnes at 0.33% copper in the Inferred category [7]. - The mineralization at Haib is characterized by chalcopyrite, with the project being one of the few Paleoproterozoic porphyry copper deposits globally [8].
Los Azules Feasibility Study Confirms Economically Robust Copper Project With Leading ESG Performance
Globenewswire· 2025-10-07 23:18
Core Insights - McEwen Copper Inc. announced positive results from the independent Feasibility Study (FS) for its Los Azules copper project, confirming it as a long-life, low-cost producer of high-purity copper cathodes with strong economic returns and sustainability [1][2][3] Economic Metrics - The FS indicates an after-tax Net Present Value (NPV) of $2.9 billion and an Internal Rate of Return (IRR) of 19.8% with a payback period of 3.9 years [9][74] - Initial capital costs are estimated at $3.17 billion, with average annual copper production projected at 148,200 tonnes (327 million lbs) over a 21-year mine life [9][72] - C1 cash cost is $1.71 per pound, and All-In Sustaining Costs (AISC) are $2.11 per pound [9][74] Mineral Resources and Reserves - The project has a measured and indicated mineral resource of 5.4 billion lbs of copper and an inferred resource of 20 billion lbs [9][47] - Proven and probable mineral reserves are estimated at 10.2 billion lbs of copper [9][51] Environmental and Sustainability Aspects - The project is designed to have a 72% lower mine-to-metal carbon intensity compared to the industry average and aims for carbon neutrality by 2038 [15][24] - It will utilize 100% renewable power and has a water consumption rate 74% lower than conventional milling [15][48] Strategic Partnerships and Financing - A strategic collaboration agreement with the International Finance Corporation (IFC) aims to align with ESG standards and support potential financing of over $1.1 billion for equipment and infrastructure [16][9] - The project has been accepted into Argentina's Large Investment Incentive Regime (RIGI), providing tax and legal stability for 30 years [15][48] Development Timeline - Construction is targeted to begin in 2026, with the first copper expected by 2030 [15][9] - Exploration of four nearby porphyry targets is set to commence in Q4 2025, which could extend the mine life [9][37]
Capstone Copper Reports Results of Phase 1 Drill Program at Mantoverde
Businesswire· 2025-10-07 21:00
VANCOUVER, British Columbia--(BUSINESS WIRE)--Capstone Copper Corp. ("Capstone†or the "Company†) (TSX:CS) (ASX:CSC) is pleased to report initial exploration results from its Phase 1 drill program at Mantoverde in the Atacama region of Chile. Phase 1 included 30,000-metres of drilling focused on areas adjacent to the Mantoverde Optimized ("MV-O†) Pit Reserves, as well as priority targets located just north of the current operation. Assay results for the Phase 1 drill program have been received. ...
Altius Minerals (OTCPK:ATUS.F) 2025 Conference Transcript
2025-10-07 14:47
Summary of Altius Minerals Conference Call Company Overview - **Company**: Altius Minerals (OTCPK:ATUS.F) - **Industry**: Base metals, royalty, and project generation Key Points and Arguments 1. **Project Generation and Royalties**: Altius emphasizes the importance of project generation in acquiring valuable royalties, distinguishing itself from pure-play royalty companies. The company aims to maintain a diversified portfolio rather than focusing solely on precious metals [5][6][7] 2. **Royalty Value**: The sale of a 1% royalty related to the Silicon project generated approximately CAD 560 million, showcasing the significant returns from project generation compared to the initial investment of around USD 300,000 [7] 3. **Potash Market Dynamics**: Altius holds potash royalties that have nearly doubled in entitlement since acquisition in 2004. The company notes that potash remains the most affordable fertilizer component, with recent tariff agreements favoring U.S. imports from Canada [11][12][13] 4. **Copper and Battery Metals**: Altius is focused on copper assets, particularly the Chapada Copper Stream and the upcoming Kuripamba project, which is expected to begin production by the end of 2026. The company highlights the long-term stability of copper demand despite market fluctuations [14][15] 5. **Renewable Energy Ventures**: Altius Renewable Royalties, which was taken private, accounts for about 18% of Altius's NAV. The company is navigating a challenging renewable energy market in the U.S., with a focus on wind and solar projects [36][37][38] 6. **Corporate Structure and Management Changes**: Recent changes in the board and management include the retirement of long-term employees and the appointment of new leadership roles, ensuring continuity in operations [39][52] 7. **Exploration Royalties**: Altius has significant exposure to Newfoundland gold through its project generation business, with nearly 50 exploration royalties in the region [55] 8. **Future Projects**: The Kami project, a significant potential revenue contributor, is expected to undergo a feasibility study by 2026, with production anticipated around 2030-2032 [34][84] Additional Important Content 1. **Market Trends**: The company discusses the transition from blast furnaces to electric arc furnaces (EAF) in steelmaking, which requires different types of iron ore, indicating a shift in market dynamics [18] 2. **Government Involvement**: The Newfoundland government is incentivizing the development of critical minerals, which may affect the timeline for projects like Julian Lake [20][21] 3. **Community Relations**: Altius acknowledges the importance of maintaining good relationships with local communities and First Nations, which is crucial for project development [27][28] This summary encapsulates the key insights from the Altius Minerals conference call, highlighting the company's strategic focus, market dynamics, and future opportunities.
Barrick: A Rocky Road Ahead (NYSE:B)
Seeking Alpha· 2025-10-07 14:15
Barrick Mining Corporation (NYSE: B ) is a world-class gold and copper mining company that has a large presence across the globe. They have 6 Tier One gold mines and 3 copper mines, andI believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (Chemical Engineering, University of California, Santa Barbara) in model predictive control and an MBA (Jones School of Business, Rice University). My primary focus is to identify 1) small cap companies with strong f ...