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Aura Declares Dividend of US$0.40 per share and US$0.1333 per BDR based on Q1 2025 Results, resulting in a Dividend Yield of 11%¹ in the LTM
Globenewswire· 2025-05-06 00:13
The Dividend is not subject to withholding taxes at the time of payment by the Company. Rodrigo Barbosa, President & CEO commented, "In 2020, we outlined Aura's strategic vision to the market, focusing on three key pillars: (i) advancing greenfield projects to boost production, (ii) investing in exploration to grow Resources and Reserves, and (iii) pursuing M&A opportunities while also committing to pay dividends to our shareholders. Since then, we have successfully commissioned and ramped up Almas, expande ...
Aura Announces Confidential Submission Of Draft Registration Statement For Proposed U.S. Public Offering
Globenewswire· 2025-05-05 23:16
Core Viewpoint - Aura Minerals Inc. has confidentially submitted a draft registration statement to the SEC for a proposed public offering of its common shares in the United States, aiming to enhance shareholder value and improve stock liquidity [1][2][3] Company Overview - Aura is a mid-tier gold and copper production company focused on operating and developing projects in the Americas, with five operating mines and several development projects [6] - The company owns over 630,000 hectares of mineral rights, indicating significant exploration potential [6] Proposed Public Offering - The public offering will include the registration and listing of common shares in the U.S., expected to commence after SEC review and subject to market conditions [2][3] - The specific number of shares and price range for the offering have not yet been determined [2] Strategic Goals - The U.S. listing is part of Aura's strategy to unlock value for shareholders and consolidate liquidity in the U.S. equity market [3]
Collective Mining Discovers a Gold-Copper Porphyry System at the San Antonio Project by Intersecting 290.20 Metres at 0.58 g/t Gold, 0.17% Copper, 3 g/t Silver and 70 ppm Molybdenum
Prnewswire· 2025-05-05 10:30
Core Viewpoint - The company is advancing its drilling program at the San Antonio Project, with significant potential for discovering a copper-gold rich porphyry system, particularly at the Pound target, where drilling is set to intensify in 2025 [2][5][9]. Drilling Program - The company has nine drill rigs operating as part of a fully funded 70,000-metre drill program for 2025, with two rigs at the San Antonio Project and seven at the Guayabales Project [1]. - Two additional deep capacity rigs are being mobilized to the Guayabales Project, expected to begin testing the high-grade Ramp Zone in early Q3 2025 [1]. San Antonio Project Highlights - Detailed surface prospecting and drilling have increased the potential of the San Antonio Project to host a copper-gold rich porphyry system [2]. - The Pound target covers an area of 650 metres x 550 metres and remains open for further expansion, with previous drilling in 2021 showing promising results [5][9]. - The SAC-11 hole intersected 290 metres of gold-copper rich porphyry vein stockwork mineralization, with assays highlighting 290.20 metres at 0.84 g/t gold equivalent [5][6]. Assay Results - SAC-10 returned 353.85 metres at 0.51 g/t gold equivalent, including 77.05 metres at 1.01 g/t gold equivalent [6]. - The assays from SAC-11 included significant intervals of mineralization, with notable grades of gold and copper [5][6]. Future Plans - The company plans to drill test four additional porphyry targets (Pound, Real, COP, and Euro) in 2025, with the Real target located 400 metres northwest of Pound [9]. - The next phase of the drilling program at the Trap Main Zone is scheduled to begin in H2 2025 [10]. Company Background - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [12]. - The company is listed on both the NYSE and TSX under the trading symbol "CNL" [13].
Barrick Gold Corporation Plans to Change Name to BARRICK MINING CORPORATION
GlobeNewswire News Room· 2025-04-28 11:00
In connection with its name change, the Company also plans to change its ticker symbol for the Barrick common shares listed on the New York Stock Exchange from 'GOLD' to 'B', to become effective at the start of trading on May 9, 2025. The Barrick common shares will continue to trade under the 'ABX' ticker symbol on the Toronto Stock Exchange. The new CUSIP number for the Barrick common shares effective at the start of trading on May 9, 2025 will be 06849F108. "Barrick's vision is to be the world's most valu ...
U.S. GoldMining Inc. Commences Metallurgical Testwork At Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-04-24 10:00
Core Viewpoint - U.S. GoldMining Inc. has initiated metallurgical testwork for the Whistler Gold-Copper Project to support a preliminary economic assessment (PEA) under U.S. and Canadian regulations [1][3]. Company Overview - U.S. GoldMining Inc. is focused on the Whistler Gold-Copper Project, which is 100% owned and located 105 miles northwest of Anchorage, Alaska, covering approximately 53,700 acres [4]. - The Whistler Project includes several gold-copper porphyry deposits with a mineral resource estimate of 294 million tons at 0.68 g/t AuEq for 6.48 million ounces AuEq indicated, and 198 million tons at 0.65 g/t AuEq for 4.16 million ounces AuEq inferred [4]. Metallurgical Testwork - The metallurgical testwork aims to develop an optimized preliminary process flowsheet for metal recovery, which will be utilized in the proposed PEA [8]. - Base Metallurgical Laboratories Ltd. has been engaged to conduct the testwork, which will include preparation of variability composites, feed characterization, detailed mineralogy studies, comminution testing, and flotation testing [8]. - Previous testwork indicated recoveries of 70% for gold and 83% for copper, suggesting potential for further optimization [3][8].
South Pacific Metals Provides Project Updates and Announces Diamond Drill Rig Purchase to Accelerate Gold and Copper Exploration
Newsfile· 2025-04-08 11:30
Core Viewpoint - South Pacific Metals Corp. has acquired a man-portable diamond drill to enhance its gold and copper exploration efforts in Papua New Guinea, following a successful financing of C$6.3 million, which positions the company to advance its projects more aggressively [1][3]. Drill Rig Acquisition - The MultiPower MP500 Diamond Core Drill will facilitate early-stage target testing of high-grade gold and copper structures, with drilling expected to commence shortly after the equipment's arrival at the end of May [2]. - Dean Williamson, a former exploration operator from K92 Mining Inc., will lead the in-country drill crew for the 2025 drilling campaign [2]. Project Updates Osena Project - Focus is on the Ontenu Cu-Au Prospect, a large-scale copper-gold porphyry complex, with field sampling underway at Ontenu NE, which may host lode-gold style mineralization [4]. - Recent trench results from Ontenu Central include 79 meters averaging 0.75 g/t Au, with notable samples reaching up to 8.82 g/t Au [4]. Anga Project - Detailed soil grid sampling at the Irinke Prospect has defined a 2 km-wide mineralized corridor, similar to K92's Arakompa Discovery [5]. - A geochemical study confirmed the Arakompa-like signature of the Irinke target, indicating further mineralization potential [5]. Kili Teke Project - The project has an Inferred Mineral Resource of 1.81 million ounces of gold and 802,000 tonnes of copper, with significant exploration opportunities [7]. - Recent drilling by the previous operator returned high-grade results, including 12.98% Cu and 11.75 g/t Au over 7.8 meters [8]. May River Project - The Skygate Cu-Au Trend, including the Skiraisa Gold Breccia Prospect, has been prioritized for exploration, with historical drilling intercepts showing promising results [9]. - The Ufuo Prospect has also demonstrated high-grade polymetallic potential, with historical results including 19 meters at 11.47% Cu [9]. Company Overview - South Pacific Metals Corp. operates across a 3,100 km² land package in Papua New Guinea, focusing on gold and copper exploration in proximity to major producers [11][12]. - The company aims to leverage its strong treasury and experienced teams to drive discovery across its portfolio of projects: Osena, Anga, Kili Teke, and May River [11].
Federal Leaders Endorse Streamlined Permitting Process for Mining Projects
Globenewswire· 2025-04-08 11:00
Core Insights - Troilus Gold Corp. is gaining national attention for its role in mining and critical minerals development, with bipartisan support for streamlining permitting processes from both the Liberal Party of Canada and the Conservative Party of Canada [1][2][4] Company Overview - Troilus Gold Corp. is a Canadian development-stage mining company focused on advancing the Troilus Mine, located in Quebec, which covers a land position of 435 km² in the Frôtet-Evans Greenstone Belt [6] - The Troilus Project is recognized as the largest copper project currently at the permitting stage in Quebec and one of the largest undeveloped copper-gold deposits in Canada [3] Project Details - The 2024 Feasibility Study indicates a 22-year mine life with an average annual production of 135.4 million copper-equivalent pounds or 303,000 gold-equivalent ounces [3] - At base case metal prices, the Troilus Project is expected to generate CAD$1.23 billion in tax contributions to Quebec and CAD$584 million to the Government of Canada over its mine life [3] Regulatory Environment - The Troilus Project has been identified as one of ten key natural resource developments in a Conservative Party proposal aimed at simplifying and accelerating permitting and development [2] - The Liberal Party has endorsed a "one project, one review" permitting system, indicating a push for a more efficient regulatory framework [2][4] Financial Backing - The scale and quality of the Troilus Project have attracted significant international institutional interest, including a US$700 million project financing mandate signed in March 2025 [3] Community Engagement - Troilus is committed to advancing the Project in collaboration with Indigenous partners, local communities, and government stakeholders, with the final submission of its Environmental and Social Impact Assessment expected in Q2 2025 [4]
Stakeholder Submits Class 1 Drilling Notification for Ballarat
Newsfile· 2025-03-11 13:00
Core Viewpoint - Stakeholder Gold Corp. has submitted a Class 1 Notification for 2025 exploration on the Ballarat Gold-Copper Project, which includes maiden drilling on the Skye Gold Zone and the Loki Copper Zone [1][5]. Exploration Program Details - The company plans to drill 2,500 meters over 8 to 10 drill holes, targeting the Skye Gold Zone and the Loki Copper Zone, which are approximately 8 to 10 km apart [2]. - Approximately 2,000 meters of drilling is expected on the Skye Gold Zone and 500 meters on the Loki Copper Zone, aimed at confirming structural controls, mineralization, and grade [2]. - Additional exploration activities for 2025 will include expanded soil grid surveys, geological mapping, prospecting, and a LiDAR survey [2]. Strategic Objectives - The objective is to announce results confirming new discoveries for both the Skye Gold Zone and the Loki Copper Zone during the 2025 summer exploration season [5]. - The year 2025 is anticipated to be pivotal for the company in understanding the mineralogical potential of the identified gold and copper structures [5]. Future Implications - If drilling results confirm mineralization and grade as expected, it may lead to a robust follow-up program for definition drilling on both targets [6].