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Prime Announces Selection of Ausenco to Lead PEA Study Work
Globenewswire· 2025-05-27 22:00
Core Viewpoint - Prime Mining Corp. is advancing its Preliminary Economic Assessment (PEA) for the Los Reyes gold-silver project, targeting completion in Q3 2025, with a focus on high returns, low capital costs, and long project life [1][2][3] Company Overview - Prime Mining has invested over $64 million in direct exploration activities since acquiring Los Reyes in 2019, completing over 221,000 meters of drilling [2][7] - The company aims to enhance its resource base through exploration and technical de-risking activities [20] Project Details - The PEA will be based on drilling data up to the end of 2024 and will incorporate extensive technical work completed to date [2] - The project is characterized as a high-grade, low-sulphidation epithermal gold-silver project located in Sinaloa State, Mexico [7] - The PEA is expected to highlight a project with high returns, high margins, low capital requirements, and a long operational life [2][7] Exploration Plans - Six drill rigs are currently operational at Los Reyes, with plans to extend high-grade mineralization and identify new prospective targets [5] - Planned activities include geological mapping, geochemical sampling, and drilling in areas with high-grade intercepts [5] Community Engagement - The company is committed to engaging with local communities through educational and environmental programs, as well as infrastructure development [5] Technical Expertise - Ausenco Engineering Canada ULC has been selected to lead the PEA due to its extensive experience with similar projects in Mexico [3][4]
Gravity Separation Circuit Delivered to Montauban as ESGold Advances Toward Production
Newsfile· 2025-05-27 12:30
Core Viewpoint - ESGold Corp. has successfully delivered its Humphrey spiral concentrators to the Montauban site, marking a significant milestone in its construction timeline as it advances toward production of gold, silver, and mica from historic tailings [1][8]. Company Progress - The gravity separation circuit is designed to process up to 1,000 tonnes per day (TPD) of tailings, converting them into a marketable mica concentrate while also recovering gold and silver [2][6]. - The installation of the gravity separation system is a foundational step for ESGold, positioning the company to become one of Canada's next gold and silver mining entities [5][9]. - The Humphrey Spirals are recognized for their efficiency and low operating costs, operating without chemical reagents, making them suitable for high-throughput tailings reprocessing [6][7]. Future Outlook - ESGold is focused on disciplined execution and operational readiness, with an updated Preliminary Economic Assessment (PEA) expected to outline enhanced project economics based on current metal prices [8][12]. - The company remains on track for first production by the end of 2025, with ongoing construction and key infrastructure in place [12].
Mithril Silver and Gold Returns 11.5m @ 8.61 g/t Gold, 57.6 g/t Silver from 44.5 Metres in Hole T2DH25-006 at Target 2 Area, Copalquin Property, Mexico
Newsfile· 2025-05-20 11:30
Mithril Silver and Gold Returns 11.5m @ 8.61 g/t Gold, 57.6 g/t Silver from 44.5 Metres in Hole T2DH25-006 at Target 2 Area, Copalquin Property, MexicoNew High-Grade Drilling Discovery in First Round of Shallow DrillingMay 20, 2025 7:30 AM EDT | Source: Mithril Silver and Gold LimitedMelbourne, Australia and Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Mithril Silver and Gold Limited (TSXV: MSG) (ASX: MTH) ("Mithril" or the "Company") is pleased to provide high-grade maiden d ...
Comstock Announces Appointment of Chief Financial Officer
Globenewswire· 2025-05-15 20:15
Core Viewpoint - Comstock Inc. has appointed Mr. Judd B. Merrill as Chief Financial Officer and President of its wholly-owned mining subsidiary, Comstock Mining LLC, effective May 19, 2025, to enhance its financial and operational capabilities in the mining sector [1][3]. Group 1: Appointment Details - Mr. Judd B. Merrill brings extensive experience in the mining and clean mineral technology industries, having served as CFO of Aqua Metals, Inc. and held key financial positions at Klondex Mines Ltd., Fronteer Gold Inc., and Newmont Mining Corporation [2][3]. - Mr. Merrill previously worked with Comstock for over six years in various roles, including CFO and Corporate Secretary, indicating familiarity with the company's operations [3]. Group 2: Executive Commentary - Mr. Corrado De Gasperis, Executive Chairman and CEO, expressed enthusiasm about Mr. Merrill's return, highlighting his systems-based approach and experience in Nevada-based mining and metal recycling, which aligns with the company's strategic goals [3]. - Mr. Walter "Del" Marting, Chairman of the Audit Committee, noted that Mr. Merrill's expertise will strengthen the company's financial organization, particularly in liquidity management, financial reporting, and regulatory compliance [5]. Group 3: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies for efficient extraction and conversion of under-utilized natural resources into renewable fuels and recovered electrification metals [5].
Prime Mining Reports Q1 2025 Financial and Operating Results
Globenewswire· 2025-05-13 00:53
Core Insights - Prime Mining Corp. reported its operating and financial results for Q1 2025, focusing on the Los Reyes Gold-Silver Project in Mexico [1][2] - The company is preparing for a Preliminary Economic Assessment and has a planned 40,000m drill program for 2025 [3][12] Corporate Highlights - The company ended Q1 2025 with $18 million in cash, supporting its drilling campaign [2] - Total assets as of March 31, 2025, were $33.05 million, with total liabilities at $1.39 million [11] Exploration Highlights - Significant drilling results were reported from the Z-T Trend and Central Trend, with high-grade gold and silver intersections [4][5] - The Fresnillo Generative Target was extended by 120 meters, with notable grades reported [5][6] Community Engagement and Environmental Strategy - The company is actively gathering environmental and community data to support its ESG programs [8] - A sustainability report was released in April 2023, with a new report expected soon [9] Financial Data - The loss for Q1 2025 was $3.62 million, an improvement from a loss of $6.45 million in Q1 2024 [11] - Loss per share decreased from $(0.04) in Q1 2024 to $(0.02) in Q1 2025 [11] Future Outlook - The company plans to continue its drilling program to identify new targets and expand existing resources [12] - Ongoing drilling suggests that the main deposit areas are larger than previously reported, with potential for new discoveries [19]
Coeur Mining(CDE) - 2025 Q1 - Earnings Call Transcript
2025-05-08 16:02
Financial Data and Key Metrics Changes - The company reported revenue of $360 million, adjusted EBITDA of $149 million, net income of $33 million, and free cash flow of $18 million for the first quarter [19][18] - Adjusted EBITDA margin increased to 41%, essentially doubling from the prior year [19] - The company eliminated nearly $130 million of debt and metal prepay facilities during the quarter, positioning itself for further debt reductions [4][24] Business Line Data and Key Metrics Changes - Las Chispas produced 714,000 ounces of silver and over 7,000 ounces of gold during the partial quarter, with cash costs per ounce for gold and silver at $744 and $8.38 respectively [9][10] - Palmarejo saw gold production up 2% and silver production up 9% compared to the previous quarter, driven by productivity improvements [10] - Kensington's gold production increased by 6% compared to the first quarter of the previous year, indicating a return to positive free cash flow [11] Market Data and Key Metrics Changes - The company anticipates generating average free cash flow of $75 million to $100 million per quarter for the remainder of 2025 based on updated forecast pricing of $2,900 for gold and $32 for silver [20] - The average realized gold price was 41% higher than the same quarter last year, while the average realized silver price was 36% higher [36] Company Strategy and Development Direction - The company is focused on generating per share value for shareholders while strengthening the balance sheet and reinvesting in business opportunities [6] - The integration of Las Chispas is proceeding smoothly, with a focus on maintaining a steady mine life and exploring nearby areas [5][13] - The company aims to achieve a net debt to EBITDA ratio close to zero by the end of the year [4][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance and highlighted the positive changes in the company's financial health [4][24] - The company is committed to a predictable operational model moving forward, focusing on delivering strong cash flows [18][48] - Management acknowledged the importance of maintaining a strong safety culture, having been recognized as the safest mining company among peers in the U.S. [8] Other Important Information - The company published its 2024 responsibility report, emphasizing its commitment to integrity and respect [7] - The exploration investment for 2025 is expected to total between $77 million and $93 million, with a focus on expansion and scout drilling [13] Q&A Session Summary Question: When will the benefits of increased tonnage at Rochester be seen in silver recoveries? - Management indicated that improvements in crusher availability and throughput would lead to better recoveries over time [28][29] Question: What drove stronger performance at Wharf this quarter? - Management attributed the performance to timing and grade profile adjustments, expecting to meet full-year guidance [33][34] Question: Are there any impacts from lower labor costs in Mexico? - Management noted that while labor costs are stable, they expect overall benefits from increased employment at Las Chispas [36][37] Question: How long will it take to work through the extra stockpile at Las Chispas? - The company expects the stockpile to decrease over the next year as new tons are mined and processed [44][45] Question: What is the company's approach to M&A going forward? - Management indicated a focus on delivering current operations and cash flows before considering further acquisitions or divestitures [48][49] Question: What key metrics should be monitored at Rochester? - Management suggested monitoring crusher runtime and availability as key indicators of operational success [59][62]
Coeur Mining(CDE) - 2025 Q1 - Earnings Call Presentation
2025-05-08 11:42
2025 First Quarter Earnings 11:00 a.m. ET, May 8, 2025 NYSE: CDE NYSE: CDE JC 2016 1 Cautionary Statements This presentation contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements involving strategic priorities and company strategies, growth, anticipated production, costs and expenses, exploration and development efforts, operations, expectations and initiatives at Las Chispas, Palmarejo, Rochester, Kensington, Wharf and Silvert ...
McEwen Mining Q1 2025 Results Conference Call
Globenewswire· 2025-05-05 18:53
Core Viewpoint - McEwen Mining Inc. is set to hold a conference call on May 8, 2025, to discuss its Q1 2025 financial results and project developments, inviting participants to engage in a question-and-answer session [1][2]. Company Overview - McEwen Mining Inc. is a gold and silver producer with operations in Nevada (USA), Canada, Mexico, and Argentina [3]. - The company owns 46.4% of McEwen Copper, which is developing the Los Azules copper project, aiming to be Argentina's first regenerative copper mine and achieve carbon neutrality by 2038 [3]. Management and Financial Commitment - The company focuses on enhancing productivity and extending the life of its assets to increase share price and provide investor yield [4]. - Rob McEwen, Chairman and Chief Owner, has a personal investment of US$205 million in the company, while his annual salary is US$1 [4]. Trading Information - McEwen Mining's shares are publicly traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol "MUX" [4].
2024 Year-End Exploration Results
Prnewswire· 2025-04-30 13:00
More High-grade at BrimstoneHigh-grade Gold at Bay TargetHigh-grade Silver at Manganese TargetWINNEMUCCA, Nev., April 30, 2025 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or "the Company") announces final drill results from its 2024 exploration program (the "Drill Program") at the Hycroft Mine, located in Nevada, a Tier-1 mining jurisdiction.  See Table 1 below for full drill results.WebinarFor additional context on this news release, join President and CEO Diane R. Garrett ...
Patagonia Gold 2024 Financial Results
Globenewswire· 2025-04-29 22:37
VANCOUVER, British Columbia, April 29, 2025 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its audited results for the financial year ended December 31, 2024 (“YE 2024”). The audited, consolidated financial statements at year-end 2024, together with the related management’s discussion and analysis, are available on the Company’s website and under the Company’s profile at www.sedarplus.ca. Highlights Generated revenue of US$8.8 million in 2024.Produced 2,810 go ...