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WESTERN COPPER AND GOLD PROVIDES UPDATE ON ESE SUBMISSION
Prnewswire· 2025-07-15 11:30
Core Viewpoint - Western Copper and Gold Corporation is advancing its Casino Project by submitting an Environmental and Socio-economic Effects Statement (ESE Statement) to the Yukon Environmental and Socio-economic Assessment Board (YESAB) by the end of October 2025, highlighting the project's commitment to sustainability and community engagement [1][2][4]. Group 1: Project Development - The ESE Statement includes extensive technical work, environmental and socio-economic baseline studies, and assessments [2]. - The company is in the final stages of compiling and refining the ESE Statement, indicating significant progress in the project [3]. - Western Copper and Gold Corporation is the first to undertake a Panel Review in the Yukon, which is the highest level of rigor for project assessment in the territory [4]. Group 2: Community Engagement - The company has achieved a high level of consultation with First Nations and local communities, which is enhancing the project's strength [2]. - The feedback from community engagement is being integrated into the project development process [2]. Group 3: Strategic Positioning - The Casino Project is positioned as one of Canada's largest and most advanced critical minerals projects, aligning with Yukon and Federal priorities around resource security and infrastructure development [4][5]. - The company emphasizes its commitment to responsible mining technologies and practices while collaborating with local communities [5].
ACG METALS LIMITED: H1 2025 Operations and Capital Structure Update
Prnewswire· 2025-07-15 06:05
Core Viewpoint - ACG Metals Limited has reported strong operational results for H1 2025, including a significant increase in production guidance and advancements in the Gediktepe Sulphide Expansion Project, while maintaining a leading safety record [1][4][7]. H1 2025 Operational Highlights - Production guidance for FY2025 has been upgraded from 30-33 koz to 36-38 koz AuEq, driven by operational improvements and higher recoveries of gold and silver [7]. - The company achieved a 3% increase in Gold Equivalent production at the Gediktepe Mine, with sales of 23 koz of Gold Equivalent [7][8]. - ACG reported a realized gold price of $2,950/oz, a 37% increase compared to H1 2024, and a silver price of $32/oz, a 27% increase [8]. - All-in sustaining costs (AISC) decreased by 13% to $1,060/oz from $1,218/oz in H1 2024, reflecting cost discipline [7][8]. Safety and Operational Integrity - ACG achieved a new record of 817 LTI-free days as of the end of June 2025, demonstrating robust safety practices [7][8]. Gediktepe Sulphide Expansion Project - The project is progressing on schedule and on budget, with 48% of engineering design completed, 36% of procurement deliveries, and 15% of construction underway [7][14]. - Major construction milestones include the completion of earthworks and the start of Heating Centre construction for the GAP Blue Collar camp [14]. Capital Structure and Bond Update - ACG made its first scheduled coupon payment on its $200 million Senior Secured Bond on July 13, 2025, and has fully repaid outstanding sponsor loans [7][12][15]. - The company’s net debt as of July 13, 2025, was $66 million, with a cash balance of $133 million [15]. Gold Hedging Strategy - ACG's structured collar hedging strategy provided effective downside protection while allowing for exposure to upside in gold prices, without significantly affecting realized prices [16].
Firefly Doubles Share Purchase Plan to A$10M in Response to Strong Demand
Newsfile· 2025-07-11 00:12
Core Viewpoint - FireFly Metals Ltd has doubled its share purchase plan (SPP) to A$10 million due to strong demand from retail shareholders, reflecting the company's commitment to its investor base [1][2][6]. Group 1: Share Purchase Plan (SPP) Details - The SPP applications totaled approximately A$28.2 million, significantly exceeding the original target of A$5 million [2]. - The SPP was open to 5,365 eligible shareholders, with a participation rate of approximately 31% and an average application amount of around A$16,800 [3]. - A total of 10,416,666 new fully paid ordinary shares will be issued under the SPP, expected to trade from July 15, 2025 [12]. Group 2: Equity Raising and Use of Proceeds - The SPP is part of a larger equity raising effort totaling approximately A$98.1 million, which includes a charity flow-through placement, an institutional placement, and a Canadian offering [5][8]. - Proceeds from the equity raising and SPP will primarily be used for the growth and upgrading of the mineral resource at the Green Bay Copper Gold Project, as well as for underground development, pre-construction works, mining studies, and working capital [5]. Group 3: Company Strategy and Future Plans - FireFly plans to add an eighth drill rig to its program at the Green Bay project to expedite the exploration of near-mine opportunities and regional targets [9]. - The company aims to generate strong results and news flow as it continues to push for maximum shareholder value [9]. Group 4: Mineral Resource Estimates - The Green Bay Copper-Gold Project currently hosts a mineral resource of 24.4 million tonnes of measured and indicated resources at 1.9% copper equivalent, and 34.6 million tonnes of inferred resources at 2.0% copper equivalent [13][27]. - The company has commenced a 130,000-meter diamond drilling program to rapidly grow its copper-gold mineral resource [13].
Atico Mining Announces Execution of Loan Amendment with Trafigura to Restructure Outstanding Credit Facility
Globenewswire· 2025-06-30 20:29
Core Viewpoint - Atico Mining Corporation has successfully executed a loan amendment and restructuring with Trafigura, extending its existing secured credit agreement and outlining repayment terms for the outstanding principal amount of US$8.7 million [1][2]. Group 1: Loan Amendment and Restructuring - The outstanding principal amount of US$8.7 million will be repaid in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026 [2]. - The outstanding principal amount will accrue interest at a rate of SOFR plus 7.5% [2]. - The existing commercial concentrate purchase contract with Trafigura has been extended for two more years, covering 100% of the concentrate produced from the El Roble mine, with a minimum annual tonnage of 32,000 dry metric tons [2]. Group 2: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America [3]. - The company generates significant cash flow through the operation of the El Roble mine and is developing the high-grade La Plata VMS project in Ecuador [3]. - Atico is also pursuing additional acquisition opportunities in advanced stages [3].
Freeport-McMoRan: Teed Up To Benefit As Copper Shortage Is Set To Expand Soon
Seeking Alpha· 2025-06-17 11:04
Freeport-McMoRan (NYSE: FCX ) is one of the world's largest copper and gold miners. The company was founded in 1912 in Texas to mine sulfur using the efficient Frasch process. By 1932, Freeport had expanded operations toInvest Heroes LLC is a CIS-based research firm founded in 2018. Since then, we provide equity and fixed income research services which become more and more well-known locally among both professional investors and private clients. Here’s what we do: - Cover top 120+ Russian, US and Chinese st ...
More strong drilling results to feed into coming resource update
Globenewswire· 2025-06-16 23:23
Core Insights - The Chibougamau Copper-Gold Project in Quebec is showing promising high-grade results, particularly from the Corner Bay deposit, with significant intersections reported [1][5][7] - Cygnus Metals Limited is focused on upgrading resources and assessing production potential, supported by favorable market conditions for copper and gold [2][3][4] Resource Growth and Drilling Results - Recent infill drilling at Corner Bay has yielded results such as 9.1m at 4.4% CuEq, including high-grade intervals of 3.4m at 7.6% CuEq [5][6][7] - The current Indicated Resource at Corner Bay stands at 2.7 million tonnes (Mt) at 2.9% CuEq, while the Inferred Resource is 5.9Mt at 3.6% CuEq [5][16][27] - The total Mineral Resource for the Chibougamau Project includes Measured and Indicated Resources of 3.6Mt at 3% CuEq and Inferred Resources of 7.2Mt at 3.8% CuEq [7][16] Infrastructure and Development Potential - The project benefits from established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum (tpa), which is the only base metal processing facility within a 250km radius [9][14] - Early engineering studies and permitting processes are underway to streamline future development [8][9] Strategic Focus and Future Outlook - Cygnus is pursuing a dual strategy of resource growth and conversion, with ongoing data compilation to identify additional drill targets [10][14] - The company aims to complete a global Mineral Resource update in Q3 2025, targeting both resource growth and conversion [7][8]
WESTERN COPPER AND GOLD EXTENDS TECHNICAL COLLABORATION WITH RIO TINTO
Prnewswire· 2025-06-16 12:00
VANCOUVER, BC, June 16, 2025 /PRNewswire/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce an extension and revision of its Investor Rights Agreement ("IRA") with Rio Tinto Canada Inc. ("Rio Tinto"). As part of a revised IRA, Rio Tinto will continue to hold a seat on the Casino Technical and Sustainability Committee ("TSC"), along with one representative from Mitsubishi Materials and three from Western, to promote ongoing technical col ...
Inflection Resources to Acquire Portfolio of Australian Copper-Gold Projects from Newmont Corporation
Globenewswire· 2025-06-16 10:30
Core Viewpoint - Inflection Resources Ltd. has entered into a definitive agreement to acquire a 100% interest in a portfolio of Australian copper-gold exploration projects from Newmont Corporation, which includes the Tennant East and Bell River projects, indicating a strategic expansion in high-potential mineral exploration [1][3][8]. Group 1: Project Details - The Bell River project, covering approximately 115 km², is located in New South Wales and is situated near significant mining operations, including Newmont's Cadia mine [5][8]. - The geological composition of the Bell River tenement includes calc-alkaline Mid-Ordovician Fairbridge Volcanics, which host advanced argillic alteration zones interpreted as relic porphyry-related lithocaps [6][10]. - The Tennant East project consists of twelve exploration licenses totaling around 4,200 km² in the Northern Territory, which are considered highly prospective for Iron Oxide Copper Gold (IOCG) targets [12][8]. Group 2: Exploration Potential - Inflection's systematic exploration strategy will leverage previous exploration data and geological interpretations to identify potential copper-gold mineralization at depth, particularly in areas with minimal prior drilling [10][19]. - The Bell River project is noted for its significant zones of advanced argillic alteration and outcropping lithocaps, which are indicative of preserved porphyry systems [9][10]. - The Tennant East project has shown promising early results from cursory exploration, including geochemical footprints consistent with IOCG mineralization [15][12]. Group 3: Agreement Terms - For the Bell River project, Inflection will issue 1,000,000 common shares to Newmont and make a one-time payment of AUD$2.5 million upon completion of a compliant Pre-Feasibility Study, along with a AUD$5 million payment upon the start of commercial production [20]. - The Tennant East project acquisition involves issuing 250,000 common shares and reimbursing Newmont for tenement renewal fees, with Newmont retaining a 1.5% net smelter return (NSR) royalty [21]. - The transactions are expected to close in several weeks, pending the transfer of exploration licenses and share issuance [22].
Atico Mining Announces Execution of Term Sheet with Trafigura to Restructure Outstanding Credit Facility
Globenewswire· 2025-06-13 21:52
Core Viewpoint - Atico Mining Corporation has entered into a term sheet with Trafigura PTE. LTD. to amend and extend its existing secured credit agreement, with an outstanding principal amount of US$8.7 million [1][2]. Group 1: Financial Terms - The principal amount will be repaid in two installments: US$2.7 million on July 25, 2025, and US$6 million on December 30, 2026 [2]. - The outstanding principal amount will incur interest at a rate of SOFR plus 7.5% [2]. Group 2: Contractual Agreements - The existing commercial concentrate purchase contract with Trafigura has been extended for an additional two years, covering 100% of the concentrate produced from the El Roble mine, with a minimum tonnage of 32,000 dmt per year [2]. - Closing of the transactions is contingent upon finalizing definitive documentation and obtaining approval from the TSX Venture Exchange, expected by June 30, 2025 [3]. Group 3: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata VMS project in Ecuador [4].
WESTERN COPPER ANNOUNCES ELECTION OF DIRECTORS AND VOTING RESULTS FROM ANNUAL SHAREHOLDERS' MEETING
Prnewswire· 2025-06-13 11:30
Core Points - Western Copper and Gold Corporation held its Annual General Meeting (AGM) on June 12, 2025, with 99,165,184 common shares represented, accounting for 49.58% of all outstanding shares [1][2]. Voting Results - The election results for the directors are as follows: - Raymond Threlkeld received 83,398,357 votes (97.66% for) and 1,998,747 votes withheld (2.34% withheld) [2]. - Sandeep Singh received 85,272,115 votes (99.85% for) and 124,989 votes withheld (0.15% withheld) [2]. - Robert Chausse received 85,009,906 votes (99.55% for) and 387,198 votes withheld (0.45% withheld) [2]. - Michael Vitton received 61,999,900 votes (72.60% for) and 23,397,204 votes withheld (27.40% withheld) [2]. - Klaus Zeitler received 82,509,179 votes (96.62% for) and 2,887,925 votes withheld (3.38% withheld) [2]. - Pamela O'Hara received 85,215,910 votes (99.79% for) and 181,194 votes withheld (0.21% withheld) [2]. - The appointment of PricewaterhouseCoopers LLP as the auditor received 98,940,364 votes (99.77% for) and 224,820 votes withheld (0.23% withheld) [3]. Company Overview - Western Copper and Gold Corporation is developing the Casino Project, which is recognized as Canada's premier copper-gold mine located in the Yukon Territory and is considered one of the most economically viable greenfield copper-gold mining projects globally [4]. - The company emphasizes collaboration with First Nations and local communities to advance the Casino Project, utilizing responsible mining technologies and practices [4].