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Bonterra Provides Exploration and Corporate Updates
Newsfile· 2025-08-28 10:00
Core Insights - Bonterra Resources Inc. is advancing exploration at its Desmaraisville South and Phoenix JV Projects, with significant drilling and sampling activities underway [1][3][5] Exploration Updates at Phoenix JV - The exploration program at the Phoenix JV, led by Gold Fields, includes a 15,000 m drilling campaign starting with one drill rig mobilized on the Duke NE target [2][5] - Over 65,000 m have been drilled to date, with approximately C$20 million invested under the joint venture agreement [1] - Prospecting and mapping activities have been conducted at various targets, including Gladiator SW and Titan, alongside a completed airborne gravimetric survey [2][4] Exploration Updates at Desmaraisville South - Drilling at Desmaraisville South has commenced, with approximately 2,500 m drilled at the Hewfran and Mistik targets [7] - A planned drill program of 10,000 to 12,000 m is expected to be completed by year-end, utilizing AI-assisted mineral discovery technology [7] Corporate Updates - The company successfully closed a brokered private placement for proceeds of $10.5 million, with 2,509,109 non-transferable broker warrants issued [9] - Bonterra's assets include significant gold deposits, totaling 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category [11]
Dryden Gold Strengthens Its Technical Team with Two New Strategic Advisors
Newsfile· 2025-08-28 10:00
Core Viewpoint - Dryden Gold Corp. has enhanced its technical team by appointing two strategic advisors, Dr. Ben Frieman and Gary Baschuk, to its board of directors, aiming to improve exploration strategies and support continued success in the Dryden Gold District [1][2][3]. Group 1: New Appointments - Dr. Ben Frieman brings expertise in structural interpretation, tectonics, and economic geology, with a focus on the Dryden Gold property, which will aid in targeting strategies for exploration [2]. - Gary Baschuk has nearly 40 years of experience in the mining industry, including significant roles in capital markets and with Barrick Gold, which will contribute to the company's analytical capabilities [3]. Group 2: Stock Options - The Board of Directors has granted 200,000 stock options each to Dr. Frieman and Mr. Baschuk, exercisable at $0.25 per share for 10 years, vesting 25% every six months over two years [4]. - An additional 300,000 stock options have been granted to employees under the same terms [4]. Group 3: Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and controls a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, which includes historic gold mines with limited modern exploration [6][8]. - The property features high-grade gold mineralization over a potential strike length of 50 km along the Manitou-Dinorwic deformation zone and benefits from strong infrastructure and relationships with First Nations communities [6][8].
G2 Goldfields Receives Notice of Grant of Large Scale Prospecting Licenses of the Oko Gold Project
Globenewswire· 2025-08-28 10:00
Core Viewpoint - G2 Goldfields Inc. has received approval for two Large Scale Prospecting Licenses for its Oko-Ghanie Gold Deposit in Guyana, marking a significant advancement for the project and highlighting the company's strong relationship with the Guyanese government [1][2]. Group 1: Project Development - The approved Prospecting Licenses cover the Oko and Ghanie Deposits, which contain a combined total of 1.5 million ounces indicated at 3.40 g/t Au and 1.6 million ounces inferred at 2.48 g/t Au, across approximately 17,451 acres [2]. - The licenses replace 11 medium-scale mining permits previously held by local entrepreneurs and have a three-year term with two one-year renewal options, granting exclusive rights to explore for gold and precious minerals [2]. Group 2: Environmental Considerations - Comprehensive environmental baseline studies have been conducted over the past two years to ensure effective project design and regulatory compliance, supporting the preparation of an Environmental Social Impact Assessment (ESIA) [3]. - The project area is not designated as a priority conservation site and does not overlap with any protected or Indigenous lands, indicating a favorable environmental context for development [3]. Group 3: Industry Context - Guyana has been recognized as a top ten jurisdiction globally for mining investment, reflecting the country's supportive stance towards the gold mining industry and foreign investment [2]. - G2 Goldfields has a history of discovering and developing significant gold deposits in Guyana, with the Oko Gold Project being the second multi-million ounce gold mine developed by the company in the last twenty years [2]. Group 4: Mineral Resource Estimates - An Updated Mineral Resource Estimate (MRE) for the Oko property was announced in March 2025, detailing significant resources across various zones, including 808,000 ounces Au indicated at 7.98 g/t Au and 1,024,500 ounces Au inferred at 2.64 g/t Au [5][6][7]. - The MRE was prepared by Micon International Limited and has an effective date of March 1, 2025, showcasing the ongoing exploration potential of the Oko district [7].
Mongolian Mining Corporation Announces 2025 Interim Results
Globenewswire· 2025-08-28 09:55
HONG KONG, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Mongolian Mining Corporation (“MMC” or the “Company”, or together with its subsidiaries, the “Group”; HKEx: 975; OTCQX: MOGLF), the largest producer and exporter of washed hard coking coal (“HCC”) in Mongolia, today announced its interim results for the six months ended 30 June 2025 (“1H2025” or the “period under review”). During 1H2025, the Group generated a total revenue of approximately USD346.6 million (1H24: USD541.1 million), representing approximately 35.9 ...
Harmony(HMY) - 2025 Q4 - Earnings Call Transcript
2025-08-28 09:02
Harmony Gold Mining Company (HMY) Q4 2025 Earnings Call August 28, 2025 04:00 AM ET Company ParticipantsBeyers Nel - CEO & Executive DirectorBoipelo Lekubo - Financial DirectorJared Coetzer - Head - IRArnold Van Graan - Head - Market ResearchConference Call ParticipantsBruce Williamson - Mining AnalystNone - AnalystRené Hochreiter - AnalystBeyers NelGood morning, everybody, and thank you for joining us. I'm Beiers Nell, the CEO of Harmony. Today, we are presenting our financial year 2025 results that unpack ...
Harmony(HMY) - 2025 Q4 - Earnings Call Transcript
2025-08-28 09:00
Financial Data and Key Metrics Changes - FY 2025 marked the tenth consecutive year of meeting production guidance, with adjusted free cash flow reaching over ZAR 11 billion at a 16% margin, a 54% increase from the previous year [5][36] - Headline earnings per share rose by 25% to ZAR 2,337, while net profit jumped 67% to ZAR 14.6 billion from ZAR 8.7 billion [5][36] - Revenue grew by 20% to ZAR 74 billion from ZAR 61 billion, driven by operational consistency and higher gold prices [36] Business Line Data and Key Metrics Changes - Underground recovered grades increased to 6.27 grams per tonne, exceeding revised guidance, reflecting improved portfolio quality [6][10] - High-grade mines saw production increase by 8% to 16.5 tonnes, with grades improving by 10% to 9.89 grams per tonne [18] - South African surface operations produced 7.9 tonnes, a 13% decrease due to heavy rainfall, but maintained a solid margin of 36% [23] Market Data and Key Metrics Changes - The company reported a strong balance sheet with net cash surging by 285% to ZAR 11.1 billion, indicating robust cash generation [36] - The market capitalization reached approximately ZAR 180 billion or USD 10 billion, reflecting capital discipline and growth potential [41] Company Strategy and Development Direction - The company is focused on a balanced growth strategy, emphasizing high-quality gold and copper production while maintaining a conservative risk profile [27][44] - The acquisition of Mack Copper is expected to enhance the portfolio, with a final investment decision on the Eva Copper project anticipated later in the year [26][33] - The strategy prioritizes value over volume, with a commitment to responsible growth benefiting all stakeholders [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the significant opportunity cost associated with delays in the Wafi Golpu project but emphasized its long-term value as a Tier one copper-gold mine [54] - The company remains optimistic about maintaining production guidance of 1.4 to 1.5 million ounces, with underground recovered grades expected to stay strong [25][26] - Management highlighted the importance of safety and operational excellence as foundational to future success [3][5] Other Important Information - The company achieved the lowest ever Lost Time Injury Frequency Rate (LTIFR) in its history, indicating improvements in safety culture [5][8] - The company is committed to sustainability, as evidenced by its inclusion in the FTSE for Good Index for the eighth consecutive year [16] Q&A Session Summary Question: Concerns about high grading during high gold prices - Management clarified that Harmony is not high grading but is using a sequential grid mining method to ensure safety and avoid unnecessary risks [47][48] Question: Opportunity cost analysis regarding Wafi Golpu delays - Management acknowledged the significant opportunity cost but emphasized the project's long-term value and the ongoing efforts to finalize necessary agreements [52][54] Question: Update on Mack Copper and operational changes - Management stated that detailed technical analysis and planning will occur post-acquisition, with updates expected in February [56][58] Question: Production gap and future guidance - Management clarified that the production gap is not where Mack Copper will fill in, as it is already included in the production profile [67]
MONGOL MINING(00975) - 2025 H1 - 电话会议演示
2025-08-28 08:00
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. MONGOLIAN MINING CORPORATION (Incorporated in the Cayman Islands with limited liability) (Stock Code: 975) INTERIM RESULTS ANNOUNCEMENT FOR THE ...
Harmony(HMY) - 2025 Q4 - Earnings Call Presentation
2025-08-28 08:00
FY25 ANNUAL RESULTS #MiningWithPurpose #MiningWithPurpose 28 August 2025 Beyers Nel, CEO JSE ticker code HAR / NYSE ticker code HMY © Harmony #MiningWithPurpose FY25 Annual Results Safe harbour statement Disclaimer – Forward Looking Statements 2 This presentation contains forward-looking statements within the meaning of the safe harbour provided by Section 21E of the Exchange Act and Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), with respect to our financial condition, result ...
Unaudited interim results for the three-and six-month periods ended 30 June 2025
Globenewswire· 2025-08-28 05:30
Core Viewpoint - Serabi, a Brazilian gold mining and development company, reported strong financial performance for the first half of 2025, with significant increases in gold production, revenue, and profit compared to the same period in 2024 [4][7]. Financial Performance - Gold production for the first half of 2025 totaled 20,545 ounces, a 14% increase from 18,010 ounces in the same period of 2024 [4][8]. - Revenue for the six months ended 30 June 2025 was $62.5 million, up from $42.7 million in the same period of 2024 [11]. - EBITDA for the first half of 2025 reached $26.3 million, more than double the $13.0 million reported in the first half of 2024 [4][8]. - Post-tax profit for the period was $18.9 million, compared to $9.2 million in 2024, translating to earnings of 24.99 cents per share, up from 12.18 cents [7][8]. Cash and Costs - The company ended the period with a cash balance of $30.4 million, significantly up from $22.2 million at the end of 2024 [5][8]. - All-In Sustaining Costs (AISC) for the period were $1,792 per ounce, reflecting inflationary pressures and increased development activity, compared to $1,782 per ounce in the same period of 2024 [6][12]. Operational Developments - The company is conducting a 30,000-meter drill program across the Palito Complex and Coringa, aiming for future resource growth and long-term value creation [5]. - The ore sorter at Coringa has been operational for six months, processing low-grade ore and is expected to exceed original production plans for the year [10]. Debt and Financing - The company completed a $5.0 million unsecured loan arrangement with Santander in January 2025, carrying a fixed interest coupon of 6.16%, repayable in January 2026 [9][37].
NexGold Announces Management Changes
Globenewswire· 2025-08-27 23:00
Core Points - NexGold Mining Corp. has undergone an executive management restructuring, resulting in the resignation of Jeremy Wyeth as Chief Operating Officer and Rachel Pineault as Executive Vice President, Governance and Corporate Affairs [1][2][3] - The restructuring aims to create a more efficient flat line structure for direct communication and faster decision-making as the company progresses towards its next phase [1] - The company expresses gratitude for the contributions of both Jeremy Wyeth and Rachel Pineault during their tenures [2][3] Company Overview - NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska, including the Goliath Gold Complex and the Goldboro Gold Project [4] - The Goliath Gold Complex consists of the Goliath, Goldlund, and Miller deposits located in Northwestern Ontario, while the Goldboro Gold Project is situated in Nova Scotia [4] - NexGold also holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project in southeast Alaska and is committed to engaging with regional communities and Indigenous Nations [4]