Precious Metals Mining
Search documents
Endeavour Silver’s Terronera Mine Startup Advancing Well, Averaging Over 1,800 Tonnes Per Day in July
Globenewswire· 2025-08-05 10:50
Core Insights - Endeavour Silver Corp. reports steady progress at its Terronera mine in Jalisco, Mexico, with significant improvements in milling rates and recovery percentages for silver and gold [1][4]. Production and Operations - In July, a total of 57,080 tonnes were milled at the Terronera mine, averaging 1,841 tonnes per day (tpd), with current milling rates now between 1,900 and 2,000 tpd [2]. - Silver and gold recoveries since July 16 have averaged 71% and 67%, respectively, while processing lower-grade material [2]. - Higher-grade material is scheduled for processing soon, which is expected to enhance recoveries directly [3]. Management Commentary - The Chief Operating Officer expressed satisfaction with the startup progress, highlighting the team's ownership and management of early challenges [4]. - The focus is on implementing a business readiness plan to ensure successful operations of Endeavour's next core asset [4]. Company Overview - Endeavour Silver is a mid-tier precious metals company committed to sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [5].
Endeavour Silver's Terronera Mine Startup Advancing Well, Averaging Over 1,800 Tonnes Per Day in July
GlobeNewswire News Room· 2025-08-05 10:50
Core Viewpoint - Endeavour Silver Corp. is making steady progress at its Terronera mine in Jalisco, Mexico, with increasing milling rates and improving recovery rates for silver and gold [1][4]. Production and Operations - In July, a total of 57,080 tonnes were milled at the Terronera mine, averaging 1,841 tonnes per day (tpd) [2]. - Current milling rates have increased to between 1,900 and 2,000 tpd, with silver and gold recoveries averaging 71% and 67% respectively since July 16 [2]. - Higher-grade material is expected to be processed soon, which is anticipated to enhance recovery rates further [3]. Management and Strategy - The Chief Operating Officer expressed satisfaction with the startup progress and emphasized the team's ownership of the mill startup and throughput increase [4]. - The company is focused on implementing a business readiness plan to ensure successful operations at the Terronera mine [4]. Company Overview - Endeavour Silver is a mid-tier precious metals company committed to sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [5].
Fortuna Advances Diamba Sud Gold Project in Senegal with Updated Mineral Resources; PEA Completion Targeted for Q4 2025
Globenewswire· 2025-08-05 09:00
Core Viewpoint - Fortuna Mining Corp. has released an updated Mineral Resource estimate for the Diamba Sud Gold Project in Senegal, indicating significant increases in both Indicated and Inferred Mineral Resources as of July 7, 2025 [1][8]. Summary by Category Mineral Resource Estimates - The Diamba Sud Gold Project contains an Indicated Mineral Resource of 14.2 million tonnes (Mt) at an average gold grade of 1.59 grams per tonne (g/t), equating to 724,000 ounces of gold [3][6]. - The Inferred Mineral Resource is estimated at 6.2 Mt with an average gold grade of 1.44 g/t, containing 285,000 ounces of gold [3][10]. - The Indicated Mineral Resource has increased by 53% since year-end 2024, while the Inferred Mineral Resource has seen a 93% increase over the same period [8]. Drilling and Resource Expansion - The updated estimate is based on new drilling conducted from July 2024 to July 2025, involving 243 holes and totaling 31,652 meters [4]. - New resource estimates for the Southern Arc and Moungoundi deposits have been introduced, with initial Inferred Mineral Resource estimates of 194,000 ounces and 31,000 ounces of gold, respectively [8][10]. Economic Analysis and Future Plans - A Preliminary Economic Analysis (PEA) is currently underway, with completion expected in the fourth quarter of 2025 [8]. - Exploration drilling at Southern Arc is ongoing, focusing on infilling and expansion drilling to upgrade Inferred Resources and explore open mineralization [9]. Geological Interpretation and Methodology - Infill drilling has improved geological interpretation and supported the conversion of Inferred Resources to Indicated Resources [9]. - The resource estimate incorporates data from 1,178 diamond and reverse circulation drill holes, totaling 154,814 meters, completed since 2019 [11]. Price Assumptions and Cost Refinements - The long-term gold price assumption has been increased to $2,600 per ounce, which, along with refinements to mining and processing costs, has contributed to updated pit shell optimization [9][26].
Sandstorm Gold Royalties Supports Royal Gold's Acquisition of Kansanshi Gold Stream
Prnewswire· 2025-08-05 07:10
Core Viewpoint - Sandstorm Gold Ltd. supports Royal Gold Inc.'s acquisition of a gold stream on the Kansanshi copper-gold mine for US$1 billion, which is expected to enhance Sandstorm's portfolio and provide benefits to its shareholders [1][2]. Group 1: Acquisition Details - Royal Gold has entered into a precious metals purchase agreement for gold deliveries linked to copper production from the Kansanshi mine, which is operated and 80% owned by First Quantum Minerals Ltd [1]. - The gold stream acquisition is funded through Royal Gold's available cash and revolving credit facility, without the need to issue new shares [1]. - The Kansanshi transaction is projected to add approximately 35,000 to 40,000 ounces of gold per year over the next 10 years, supporting a 20-year mine life from a first-tier operator [2]. Group 2: Company Strategy and Portfolio - Sandstorm Gold is a precious metals-focused royalty company that provides upfront financing to mining companies and holds a portfolio of approximately 230 royalties, with 40 of the underlying mines currently producing [3]. - The company aims to grow and diversify its low-cost production profile through the acquisition of additional gold royalties [3]. - The acquisition agreement with Royal Gold anticipated the potential for a large stream acquisition, indicating a strategic alignment between the two companies [2].
McEwen Q2 2025 Results Conference Call
Globenewswire· 2025-08-04 14:28
Core Points - McEwen Inc. will hold a conference call on August 7, 2025, at 11:00 AM EDT to discuss Q2 2025 financial results and project developments [1][2] - The company operates three mines in the USA, Canada, and Argentina, and has a significant copper development project in Argentina [3] - Rob McEwen, the Chairman and Chief Owner, has personally invested US$205 million in the company and aims to build shareholder value and establish a dividend [4] Company Overview - McEwen Inc. provides exposure to gold, copper, and silver through its operating mines and development projects [3] - The Los Azules copper project is designed to be one of the world's first regenerative copper mines, with a goal of achieving carbon neutrality by 2038 [3] Conference Call Details - Participants can join the conference call via toll-free North America number (888) 210-3454 or international dial-in [2] - An archived replay of the webcast will be available approximately two hours after the live event [2]
Curious about Wheaton Precious Metals (WPM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
ZACKS· 2025-08-04 14:20
Core Viewpoint - Analysts expect Wheaton Precious Metals Corp. to report a significant increase in quarterly earnings and revenues, indicating strong performance compared to the previous year [1]. Earnings and Revenue Estimates - Quarterly earnings per share (EPS) are projected at $0.58, reflecting a year-over-year increase of 75.8% [1]. - Expected revenues are $467.71 million, which is a 56.4% increase from the same quarter last year [1]. - The consensus EPS estimate has been revised upward by 14.2% over the past 30 days, indicating a positive reassessment by analysts [1]. Sales Projections - Sales of Palladium are expected to reach $2.63 million, showing a decline of 37.7% from the previous year [4]. - Sales of Silver are projected at $154.40 million, representing a year-over-year increase of 38.7% [4]. - Sales of Gold are anticipated to be $302.41 million, indicating a 66% increase compared to the previous year [4]. Units Sold and Produced - Units Sold for Silver are estimated at 4,627.2 ounces, up from 3,823.0 ounces in the same quarter last year [5]. - Units Produced for Gold from Sudbury are expected to be 5.1 ounces, down from 5.9 ounces in the previous year [5]. - Units Produced for Gold from Salobo are projected at 70.3 ounces, an increase from 63.2 ounces last year [6]. - Units Produced for Silver from Antamina are expected to be 1,111.3 ounces, up from 992.0 ounces in the same quarter last year [7]. - Units Produced for Silver from Constancia are projected at 635.9 ounces, compared to 451.0 ounces last year [7]. - The consensus estimate for Units Produced for Gold stands at 96.7 ounces, up from 85.0 ounces in the previous year [8]. Stock Performance - Wheaton Precious Metals shares have increased by 1.7% over the past month, outperforming the Zacks S&P 500 composite, which rose by 0.6% [9]. - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [9].
Denarius Metals Announces Decision Not to Proceed with 50/50 Joint Venture with Quimbaya Gold
Newsfile· 2025-08-01 21:00
Core Viewpoint - Denarius Metals Corp. has decided not to proceed with a 50/50 joint venture with Quimbaya Gold Inc. after completing due diligence, citing unfavorable conditions for small-scale mining operations in the Segovia Gold District of Colombia [1][2]. Company Overview - Denarius Metals is a Canadian junior mining company focused on the acquisition, exploration, development, and operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain [3]. - The company is listed on Cboe Canada under the symbol "DMET" and also trades on the OTCQX Market in the United States under "DNRSF" [3]. Current Operations - In Colombia, Denarius Metals began mining operations in Q2 2025 at its 100%-owned Zancudo Project, which is a high-grade gold-silver deposit located about 30 km southwest of Medellin [4]. - In Spain, the company has interests in three projects focused on critical minerals, including a 21% interest in Rio Narcea Recursos, S.L. and operates the Aguablanca Project, recognized by the EU as a Strategic Project [5]. - The Aguablanca Project includes a 5,000 tonnes per day processing plant and the rights to exploit the historic Aguablanca nickel-copper mine [5]. - Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit in the Iberian Pyrite Belt, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit in Northern Spain [5].
Newlox Gold Increases Private Placement to $3 Million
Thenewswire· 2025-08-01 02:18
About Newlox Gold Ventures Corp. Newlox Gold Ventures Corp. is an emerging precious metals producer dedicated to the recovery of gold and silver from artisanal and small-scale mining operations across Latin America. The Company leverages technology to recover precious metals while remediating historical mine waste and contributing to local economic development. July 31, 2025 – TheNewswire - Vancouver, British Columbia – Newlox Gold Ventures Corp. (the "Corporation") is pleased to announce that, further to i ...
Dundee Precious Metals Delivers Record Free Cash Flow and Adjusted Net Earnings; Announces Second Quarter 2025 Results
Globenewswire· 2025-07-31 21:00
Highlights (Unless otherwise stated, all monetary figures in this news release are expressed in U.S. dollars, and all operational and financial information contained in this news release is related to continuing operations.) Free cash flow, adjusted net earnings, adjusted basic earnings per share and all-in sustaining cost per ounce of gold sold are non-GAAP financial measures or ratios. These measures have no standardized meanings under IFRS Accounting Standards ("IFRS") and may not be comparable to simila ...
Sierra Madre Announces Closing of Second Tranche of $19.5 Million Best Efforts Private Placement of Units
Newsfile· 2025-07-31 13:33
Core Viewpoint - Sierra Madre Gold and Silver Ltd. has successfully closed the second tranche of its brokered private placement, raising a total of $19,500,600 from the offering [1][3]. Group 1: Offering Details - The second tranche consisted of 2,500,000 units sold at a price of $0.70 per unit, generating gross proceeds of $1,750,000 [1]. - Each unit includes one common share and one half of a common share purchase warrant, with each warrant allowing the purchase of one common share at $0.85 for 12 months [2]. - The offering was facilitated by Beacon Securities Limited as the lead agent, along with Canaccord Genuity Corp. as part of the syndicate [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to expand the capacity of the Guitarra mine, conduct exploration programs at the East District, and for working capital and general corporate purposes [3]. Group 3: Compensation and Fees - In connection with the closing of the second tranche, the company paid the agents a cash fee of $61,250 and issued 87,500 compensation options, each allowing the purchase of one common share at the issue price for 12 months [4]. Group 4: Company Overview - Sierra Madre Gold and Silver Ltd. focuses on the Guitarra mine in Mexico and the Tepic property, with the Guitarra mine being a permitted underground mine that restarted commercial production in January 2025 [7]. - The Tepic Project covers over 2,600 hectares and hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource [8].