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Or Royalties Announces Preliminary Q3 2025 Geo Deliveries Along With Record Quarterly Revenues
Globenewswire· 2025-10-07 11:00
Core Viewpoint - OR Royalties Inc. reported strong preliminary results for Q3 2025, achieving record revenues and maintaining a solid cash position after repaying its revolving credit facility [1][2][3]. Financial Performance - The company earned 20,326 attributable gold equivalent ounces (GEOs) in Q3 2025 [2]. - Preliminary revenues from royalties and streams reached $71.6 million, marking a quarterly record, with a cost of sales (excluding depletion) of $2.4 million, resulting in a cash margin of approximately $69.3 million, or 96.7% [2][11][12]. Cash and Debt Position - As of September 30, 2025, OR Royalties had a cash position of approximately $57.0 million after repaying the outstanding balance of $35.4 million on its revolving credit facility [3]. - The company's revolving credit facility of $650.0 million, along with an uncommitted accordion of $200.0 million, remained entirely undrawn at the end of Q3 [3]. Upcoming Events - The results release is scheduled for November 5, 2025, after market close, followed by a conference call on November 6, 2025, at 10:00 am ET [4]. - An Analyst & Investor Day is planned for November 10, 2025, at 1:00 pm ET, with both in-person and live webcast options available [4]. Company Overview - OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions, holding a portfolio of over 195 royalties, streams, and similar interests [13]. - The cornerstone asset includes a 3-5% net smelter return royalty on Agnico Eagle Mines Limited's Canadian Malartic Complex, one of the largest gold mines globally [13].
Ivanhoe Mines Reports 71,266 Tonnes of Copper Produced by Kamoa-Kakula in Q3 2025; Recovery Efforts Advancing Well
Newsfile· 2025-10-07 10:30
Core Insights - Ivanhoe Mines reported significant production results for Q3 2025, with Kamoa-Kakula producing 71,266 tonnes of copper and Kipushi achieving a record zinc production of 57,200 tonnes, marking a 37% increase from the previous quarter [1][6][15]. Production Highlights - Kamoa-Kakula's concentrators milled a total of 3.46 million tonnes of ore in Q3 2025, with year-to-date copper production reaching 316,393 tonnes [3][15]. - The company maintains its copper production guidance of 370,000 to 420,000 tonnes for the year, with higher-grade mining expected to commence in mid-November [3][17]. - Kipushi's concentrator processed 168,862 tonnes of ore at an average grade of 37.8%, contributing to the record zinc output [6][41]. Project Developments - Stage Two dewatering at Kakula Mine is over 20% complete, with expectations to finish by the end of November 2025, significantly lowering underground water levels [4][21]. - The start-up of Africa's largest copper smelter is scheduled for early November, with a 60 MW uninterruptible power supply nearing completion to ensure operational stability [5][35]. - First production from the Platreef Mine's Phase 1 concentrator is anticipated by the end of October 2025, with ongoing development for Phase 2 expansion targeting completion in Q4 2027 [10][53]. Future Outlook - The company expects improved copper grades from the Kakula Mine's western side starting next month, with selective mining planned for Q1 2026 [9][18]. - The new life-of-mine plan for Kamoa-Kakula is set to be released in Q1 2026, following inspections of newly dewatered areas [32][67].
Fortuna Files Environmental and Social Impact Assessment for the Diamba Sud Gold Project in Senegal and provides update on Preliminary Economic Assessment status
Globenewswire· 2025-10-07 09:00
Core Insights - Fortuna Mining Corp. has filed an Environmental and Social Impact Assessment (ESIA) for the Diamba Sud Gold Project, marking a significant milestone in the permitting process and demonstrating the company's commitment to advancing the project towards a construction decision in the first half of 2026 [1][2] Environmental and Social Impact Assessment - The ESIA submission is essential for obtaining an environmental permit, which is part of the overall permitting process for project development [4] - The ESIA addresses key environmental and social considerations related to the Diamba Sud project, including public consultation and proposed mitigation plans [6][7] Preliminary Economic Assessment (PEA) Status - Fortuna is progressing with the PEA for Diamba Sud, which will provide insights into the project's potential economics and development alternatives, with completion expected in early Q4 2025 [4][6] - A Definitive Feasibility Study (DFS) will follow the PEA in the first half of 2026, incorporating results from the ESIA and ongoing drilling activities [4][6] Drilling Program Update - The company has completed a total of 52,110 meters of drilling in 2025, focusing on resource expansion, infill drilling, and testing new targets identified through recent surveys [5][6] - The drilling program has led to a mineral resource expansion of 53% in Measured and Indicated categories and 93% in Inferred categories [6] - Drilling is set to resume in October after the rainy season, with plans to continue until year-end [6][8] Community and Stakeholder Engagement - The company emphasizes regular engagement with local communities and stakeholders to integrate feedback into project design and planning [7] - Environmental and social management plans are in place to mitigate impacts and enhance local benefits, including various community programs [7]
Fortuna Files Environmental and Social Impact Assessment for the Diamba Sud Gold Project in Senegal and provides update on Preliminary Economic Assessment status
Globenewswire· 2025-10-07 09:00
Core Insights - Fortuna Mining Corp. has filed an Environmental and Social Impact Assessment (ESIA) for the Diamba Sud Gold Project, marking a significant milestone in the permitting process and demonstrating the company's commitment to advancing the project towards a construction decision in the first half of 2026 [1][2] Environmental and Social Impact Assessment - The ESIA submission is essential for obtaining an environmental permit, which is part of the overall permitting process for project development [4] - The ESIA addresses key environmental and social considerations, including project description, benefits for Senegal, regulatory framework, baseline studies, public consultation, impact assessment, and proposed mitigation plans [6][7] Preliminary Economic Assessment (PEA) Status - Fortuna is progressing with the PEA for Diamba Sud, which will provide insights into the project's potential economics and development alternatives, with completion expected in early Q4 2025 [4][6] - A Definitive Feasibility Study (DFS) will follow the PEA in the first half of 2026, incorporating results from the ESIA and ongoing drilling activities [4][6] Drilling Program Update - The company has completed 52,110 meters of drilling in 2025, leading to a 53% increase in Measured and Indicated resources and a 93% increase in Inferred resources [6][8] - Drilling is set to resume in October after the rainy season, focusing on testing extensions of open mineralization and advancing project generation across Diamba Sud and the contiguous Bondala exploration property [6][9][10] Recent Highlights - A maiden Inferred Mineral Resource at Southern Arc has been delineated, totaling 3.85 million tons at an average gold grade of 1.57 g/t, containing 194,000 ounces of gold, with further drilling planned to test extensions [9]
Nord Precious Metals Grants Stock Options
Thenewswire· 2025-10-06 18:55
Core Insights - Nord Precious Metals Mining Inc. has granted stock options to its directors and officers for a total of 900,000 common shares at an exercise price of $0.25 per share, exercisable for five years [1] Company Overview - Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, focusing on high-grade silver discovery and strategic metals recovery [3] - The flagship Castle property covers 63 square kilometers and includes the past-producing Castle Mine, with drilling at Castle East delineating 7.56 million ounces of silver in inferred resources averaging 8,582 g/t Ag (250.2 oz/ton) [3] Integrated Processing Strategy - The company's integrated processing strategy enhances the economic viability of extracting critical minerals such as cobalt and nickel alongside high-grade silver recovery [4] - Nord's proprietary Re-2Ox hydrometallurgical process allows for the production of technical-grade cobalt sulfate and nickel-manganese-cobalt (NMC) formulations, positioning the company to benefit from both precious metals and battery materials markets [4] Strategic Portfolio - The company holds a strategic portfolio of battery metals properties in Northern Quebec, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project, which spans 260 square kilometers near Cochrane, Ontario [5]
Newlox Announces Cease Trade Order
Thenewswire· 2025-10-06 15:45
  October 6, 2025 – TheNewswire - Vancouver, British Columbia – Newlox Gold Ventures Corp. (the “Corporation”) (CSE: LUX) today announced that the British Columbia Securities Commission has issued a failure-to-file cease trade order (the “FFCTO”) to the Corporation on October 3, 2025. The FFCTO is a result of the Corporation’s failure to files its audited financial statements for its fiscal year ended March 31, 2025 (the “Annual Financial Statements”), and accompanying management’s discussion and analysis ...
Nord Precious Metals' Test Work from Beaver Mine Tailings Produces Commercial High-Grade Silver Concentrate
Newsfile· 2025-10-06 13:51
Core Insights - Nord Precious Metals has achieved commercial high-grade silver concentrate from Beaver Mine tailings, with a concentration of 2,114.9 grams per tonne, indicating a significant concentration factor of 1,173% [2][5]. Testing and Results - The company utilized Falcon concentration technology, achieving a concentration of 2,114.9 g/t silver, while spiral technology yielded 1,268.6 g/t from head assays of 180.3 g/t and 205.8 g/t silver, representing concentration factors of 616-703% and 1,028-1,173% respectively [3][5]. - Previous sonic drilling in 2020 across 127 drill holes revealed tailings grades ranging from 13.7 g/t to 314 g/t silver, with an average of 79.0 g/t Ag, alongside other metals such as cobalt, copper, and nickel [4]. Processing Framework - The Ontario Ministry of Energy and Mines has confirmed that toll processing arrangements can be included in the Recovery Permit application, positioning the company's Temiskaming Testing Labs facility as a potential processing hub for legacy tailings in the Cobalt-Gowganda Camp [6]. - The company has engaged environmental consultants to assist with permitting steps and has maintained agreements with three First Nations groups to ensure community support [7]. Environmental and Operational Plans - The company plans to implement closed-loop water recycling protocols to meet regulatory scrutiny regarding water management [8]. - The commissioning of a 600 tonne-per-day modular gravity plant is scheduled to begin processing in 2026, contingent upon permit receipt [8]. Strategic Positioning - Nord operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, integrating high-grade silver discovery with strategic metals recovery operations [10]. - The company's multi-metal approach supports the recovery of critical minerals, including cobalt and nickel, while leveraging established infrastructure for both precious metals and battery materials [11].
Vizsla Royalties Highlights Vizsla Silver's Third Annual Sustainability Report
Newsfile· 2025-10-06 12:00
Core Insights - Vizsla Royalties Corp. congratulates Vizsla Silver Corp. on the publication of its third annual sustainability report, which emphasizes the company's commitment to environmental stewardship, social responsibility, and governance in Mexico [1][2] Environmental Stewardship - The sustainability report highlights efforts to rehabilitate two aging tailing storage facilities and the cultivation of approximately 5,000 native trees across 19 different species for future restoration activities [7] - The company has strengthened its environmental, social, and governance (ESG) reporting framework and updated its ESG goals [7] Social Responsibility - Vizsla Silver has partnered with the Venados de Mazatlán baseball team to create positive community impacts through well-being initiatives [7] - The company invested US$205,300 in community well-being, bringing the cumulative total investment to over US$600,000 [7] Governance - The report was prepared in accordance with the IFRS Foundation International Sustainability Standards Board (ISSB) SASB Metals and Mining Standard, providing stakeholders with a comprehensive understanding of the company's sustainability journey [2] - The company has initiated the process of updating its Social Impact Assessment [7] Company Overview - Vizsla Royalties Corp. is focused on precious metals and holds a Net Smelter Return Royalty on Vizsla Silver Corp.'s flagship Panuco Project in Mexico, which is advancing towards production [4] - A Preliminary Economic Study for the Panuco Project indicates an annual production of 15.2 million ounces of silver equivalent over an initial mine life of 10.6 years, with an after-tax NPV5% of US$1.1 billion, an 86% IRR, and a 9-month payback at US$26 per ounce of silver and US$1,975 per ounce of gold [4]
G Mining Ventures Secures Bank Credit Facility and Equipment Financing to Construct Oko West
Prnewswire· 2025-10-06 10:30
Core Viewpoint - G Mining Ventures Corp. has secured a financing package totaling up to US$537.5 million to advance the development of its Oko West Gold Project in Guyana, enhancing its financial flexibility and capacity for production [1][4]. Financing Details - The financing package includes an initial commitment of US$387.5 million, with the potential for an additional US$150 million available six months post-closing, subject to lender approval [1][2]. - The package is anchored by a revolving credit facility allowing the Corporation to borrow up to US$350 million, with participation from several financial institutions including National Bank and Macquarie [2][7]. - A Master Loan and Security Agreement has been executed with Komatsu Finance to finance up to US$37.5 million for mining and construction equipment [3][4]. Leadership and Strategic Focus - Jamie Flegg has been appointed as Vice President of Corporate Development, bringing over 12 years of experience in mining capital markets, which will support the company's growth strategy [6][7]. - The company emphasizes disciplined capital allocation and aims to advance the Oko West Project responsibly, on schedule, and within budget [4][8]. Project Development Timeline - Following the receipt of the environmental permit for Oko West on September 2, 2025, G Mining Ventures Corp. is positioned to make a Final Investment Decision later this month, detailing initial capital costs and remaining expenditures [4][8].
Goliath Resources Presenting At Conferences Located In Stockholm, San Diego and Nassau During the Month Of October 2025
Globenewswire· 2025-10-06 10:06
TORONTO, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce that Roger Rosmus, Founder & CEO will be presenting at several conferences during the month of October 2025. They include the Nordic Funds and Mines 2025 event taking place in Stockholm, Sweden, the LD Micro Main Event XIX taking place in San Diego, California and the Centurion One Capital 3rd Annual Summit taking place in Nassau, Bahamas. About Nor ...