Gold Mining

Search documents
Bull of the Day: Ero Copper (ERO)
ZACKS· 2025-07-11 11:10
Key Takeaways Copper prices recently hit new all-time highs above $5.50 per pound. Ero Copper achieved commercial production at the Tucuma Operation as of July 1, 2025. Earnings are expected to jump 165% this year, with one estimate revised higher in the last week. Ero Copper Corp. (ERO) is a copper producer. With copper prices at new all-time highs, this Zacks #1 (Strong Buy) is expected to see earnings soar by 165% this year.Ero Copper is a high-growth copper and gold producer headquartered in Vancouver ...
Orezone Lodges Prospectus to Raise A$75 Million as Part of ASX Listing
GlobeNewswire News Room· 2025-07-11 10:30
Core Viewpoint - Orezone Gold Corporation is initiating an initial public offering (IPO) to raise A$75.0 million to support its listing on the Australian Securities Exchange (ASX) and fund its expansion projects at the Bomboré Mine [1][4]. Group 1: IPO Details - The company is offering 65,789,474 CHESS Depository Interests (CDIs) at an offer price of A$1.14 per CDI, aiming for gross proceeds of A$75.0 million [2]. - The offer opened on July 11, 2025, and is expected to close on July 21, 2025, with trading on the ASX anticipated to commence around August 8, 2025 [6]. - The offer price represents a 7.2% discount to Orezone's closing price of C$1.10 on the Toronto Stock Exchange (TSX) on July 9, 2025, and an 8.5% discount to the five-day volume-weighted average price of C$1.115 [6]. Group 2: Underwriting and Management - Orezone has entered into an underwriting agreement with Canaccord Genuity (Australia) Limited, which will act as the lead manager, bookrunner, and underwriter for the offer [3]. - Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP, and BMO Capital Markets Corp. have been appointed as co-managers for the offer [3]. Group 3: Use of Proceeds - The net proceeds from the offer will be allocated to the advancement of stage 2 of the hard rock expansion at the Bomboré Mine, including procurement of equipment, engineering design, construction, and ongoing exploration [4]. - The first gold from the stage 1 hard rock plant is scheduled for Q4-2025, with production in 2026 expected to be between 170,000 to 185,000 ounces [4]. - The stage 2 expansion is projected to increase overall gold production at the Bomboré Mine to between 220,000 to 250,000 ounces per annum, with commissioning expected in Q4-2026 [4]. Group 4: Company Background - Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its 90%-owned Bomboré Gold Mine in Burkina Faso, which achieved commercial production on December 1, 2022 [9]. - The company is committed to social responsibility and sustainability, led by a team with a proven track record in project construction, operations, and capital markets [9].
Orezone Lodges Prospectus to Raise A$75 Million as Part of ASX Listing
Globenewswire· 2025-07-11 10:30
Core Viewpoint - Orezone Gold Corporation is initiating an initial public offering (IPO) to raise A$75.0 million to support its listing on the Australian Securities Exchange (ASX) and fund its expansion projects at the Bomboré Mine [1][4]. Group 1: IPO Details - The company is offering 65,789,474 CHESS Depository Interests (CDIs) at an offer price of A$1.14 per CDI, aiming for gross proceeds of A$75.0 million [2]. - The offer opened on July 11, 2025, and is expected to close on July 21, 2025, with trading on the ASX anticipated to commence around August 8, 2025 [6]. - The offer price represents a 7.2% discount to Orezone's closing price of C$1.10 on the Toronto Stock Exchange (TSX) on July 9, 2025 [6]. Group 2: Underwriting and Management - Orezone has entered into an underwriting agreement with Canaccord Genuity (Australia) Limited, which will act as the lead manager, bookrunner, and underwriter for the offer [3]. - Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP, and BMO Capital Markets Corp. are appointed as co-managers for the offer [3]. Group 3: Use of Proceeds - The net proceeds from the offer will be allocated to the advancement of stage 2 of the hard rock expansion at the Bomboré Mine, including equipment procurement, engineering design, and construction [4]. - Ongoing exploration at the Bomboré Mine and general administration and working capital purposes will also be funded by the proceeds [4]. Group 4: Production Forecast - The first gold from the stage 1 hard rock plant is scheduled for Q4-2025, with production in 2026 expected to be between 170,000 to 185,000 ounces [4]. - The stage 2 expansion is projected to increase overall gold production at the Bomboré Mine to between 220,000 to 250,000 ounces per annum [4]. Group 5: Company Overview - Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its 90%-owned Bomboré Gold Mine in Burkina Faso, which achieved commercial production on December 1, 2022 [9]. - The company is led by an experienced team with a focus on social responsibility and sustainability, along with a proven track record in project construction and operations [9].
Alamos Gold: Among The Best Gold Miners, Still Trading Below Fair Value
Seeking Alpha· 2025-07-11 09:52
Group 1 - Alamos is highlighted as one of the best gold mining companies due to its low-cost, high-quality assets in North America and a mine in Mexico, along with a strong growth pipeline [1] - The analyst has over 10 years of experience researching more than 1000 companies across various sectors, including commodities and technology, which enhances the credibility of the insights provided [1] - The focus of the analysis is primarily on metals and mining stocks, although the analyst is also knowledgeable in other industries such as consumer discretionary, REITs, and utilities [1]
7月1日金市晚评:黄金周尾警惕冲高回落 墨西哥矿劫突发金银应声涨
Jin Tou Wang· 2025-07-11 09:48
Core Viewpoint - The article discusses the recent fluctuations in gold prices and the impact of macroeconomic factors, including U.S. labor market data and central bank policies, on the gold market and investor sentiment [3][4]. Economic Context - A truck carrying 33 tons of gold and silver concentrate was hijacked in Mexico, highlighting the increase in highway robberies, with one occurring every 50 minutes [3]. - Strong U.S. non-farm payroll data and a decrease in initial jobless claims to 227,000 indicate a robust labor market, reducing expectations for immediate interest rate cuts by the Federal Reserve [3]. - The Federal Reserve officials express concerns about inflation risks, with only a few supporting a rate cut in July, indicating a cautious approach to monetary policy [3]. - The European Central Bank (ECB) is expected to maintain a flexible stance on interest rates, with market expectations leaning towards a potential rate cut later this year due to economic uncertainties [3]. Gold Price Analysis - Current gold prices are fluctuating, with spot gold at $3341.34 per ounce, reflecting a slight increase [2]. - The monthly and weekly price trends indicate a cautious approach towards bullish operations, with key resistance levels identified at $3343 - $3345 [4]. - The price has shown resilience around the $3310 level, suggesting that further movements will depend on whether it can maintain above this threshold [4]. - Short-term analysis indicates a bullish sentiment, with immediate focus on the $3343 - $3345 resistance zone [4].
Revival Gold Announces Strategic Placement with EMR Capital and C$24 Million Capital Raise
Globenewswire· 2025-07-11 00:54
Core Viewpoint - Revival Gold Inc. has announced a strategic placement with EMR Capital Management Limited, which will result in a significant cash injection of US$10 million to support the company's gold production initiatives [1][3]. Group 1: EMR Strategic Placement - EMR will purchase 28,506,250 common shares at a price of C$0.48 per share, totaling gross proceeds of US$10 million (C$13.68 million) [1]. - EMR's pro-forma interest in Revival Gold is expected to be approximately 10.86% upon closing, assuming full subscription of the Concurrent Offering [2]. - EMR will receive customary anti-dilution rights and the right to nominate a director to the Board of Directors of Revival Gold [2]. Group 2: Concurrent Offering - Revival Gold plans to complete a non-brokered private placement of up to C$10.32 million by issuing up to 21,493,750 common shares at the same price of C$0.48 per share [4]. - The proceeds from both the EMR Strategic Placement and the Concurrent Offering will be used for the exploration and development of the Mercur and Beartrack-Arnett projects, as well as for general working capital [6]. Group 3: Regulatory and Closing Conditions - The offerings are subject to customary closing conditions, including necessary regulatory approvals, with expected closing around July 29, 2025 [8]. - Common shares issued under the Concurrent Offering will be offered to purchasers in Canada and may also be issued to purchasers outside Canada, including the United States, under applicable regulatory requirements [5]. Group 4: Company Overview - Revival Gold is one of the largest pure gold mine developers in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [13].
Firefly Doubles Share Purchase Plan to A$10M in Response to Strong Demand
Newsfile· 2025-07-11 00:12
Firefly Doubles Share Purchase Plan to A$10M in Response to Strong DemandSuccessful completion of the Equity Raising and the SPP will see FireFly emerge with ~A$145M(1) cash and liquid investment position to drive eight-rig drilling strategy and mining studiesJuly 10, 2025 8:12 PM EDT | Source: FireFly Metals Ltd.Perth, Western Australia--(Newsfile Corp. - July 10, 2025) - FireFly Metals Ltd (ASX: FFM) (TSX: FFM) (Company or FireFly) is pleased to advise that it has doubled the size of its rec ...
Tower Hits High-Grade 23.63 g/t Gold over 6.02 m Near Surface in Hole 060 at Blue Sky, 70 m NE of Hole 055, Underscoring the Potential of the Durand Diorite to Host a Substantial Gold Deposit
Newsfile· 2025-07-10 20:19
Core Insights - Tower Resources Ltd. reported significant gold assay results from its Rabbit North property, with Hole 060 intersecting 23.63 g/t Au over 6.02 meters, indicating the potential for a substantial gold deposit in the Durand Diorite [1][2][4] - The drilling campaign aimed to determine the strike and dip of the Blue Sky gold trend, successfully extending the gold zone 70 meters along strike and 90 meters upward to within 55 meters of the surface [2][13] Drilling Results - Hole 060, drilled 70 meters northeast of Hole 055, returned an exceptional gold grade of 23.63 g/t Au, including a high-grade interval of 51.30 g/t Au over 1.95 meters [1][4][12] - Hole 059 intersected 7.6 meters of 3.28 g/t Au, including a notable 0.97 meters of 16.20 g/t Au, suggesting the presence of a mineralized volcanic-hosted shear zone [8][12] Geological Context - The Blue Sky gold zone is hosted within the Durand Diorite, with the recent drilling indicating a northeast strike extending towards historical gold intersections [2][4] - The presence of magnetite in Hole 060's diorite may influence gold mineralization, as it can scavenge gold from hydrothermal fluids [6][12] Future Plans - The successful intersection of the Blue Sky gold zone provides orientation data for future drilling, with plans for deeper and longer holes to follow the gold structure [13] - Additional assays from Hole 061 and Hole 062 are anticipated to provide further insights into the gold mineralization in the area [13]
X @Bloomberg
Bloomberg· 2025-07-10 20:08
Malian government helicopters landed unexpectedly at Barrick’s gold mine and seized more than a tonne of the precious metal, valued at around $117 million https://t.co/JDQJ01aZh1 ...
Kinross Gold: A Healthy And Undervalued Acquisition Target
Seeking Alpha· 2025-07-10 18:54
Group 1 - Kinross Gold (NYSE: KGC) has significantly outperformed its peers in recent years and remains an attractive gold miner in terms of valuation [1] - The company benefits from a relatively low All-In Sustaining Cost (AISC), solid production, and high-quality assets [1]