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Buenaventura Announces Third Quarter 2025 Results for Production and Volume Sold per Metal
Businesswire· 2025-10-16 22:41
Core Insights - Buenaventura reported its third quarter 2025 production and sales results, highlighting significant production volumes across various metals, including gold, silver, lead, zinc, and copper [1][2][4]. Production Summary - **Gold Production**: Total gold ounces produced in 3Q25 reached 30,894, with a nine-month total of 86,155. The updated guidance for 2025 is between 112,000 and 128,000 ounces [2][3]. - **Silver Production**: Total silver ounces produced in 3Q25 was 4,278,658, with a nine-month total of 11,520,791. The updated guidance for 2025 is between 14.2 million and 15.5 million ounces [2][3]. - **Lead Production**: Lead production for 3Q25 was 4,874 metric tons, with a nine-month total of 13,121 metric tons. The guidance for 2025 is between 17,200 and 19,800 metric tons [3]. - **Zinc Production**: Zinc production reached 6,989 metric tons in 3Q25, with a nine-month total of 20,538 metric tons. The guidance for 2025 is between 25,700 and 29,300 metric tons [3]. - **Copper Production**: Copper production totaled 12,770 metric tons in 3Q25, with a nine-month total of 38,162 metric tons. The guidance for 2025 is between 53,000 and 55,000 metric tons [3]. Sales Summary - **Gold Sales**: Total gold ounces sold in 3Q25 were 32,438, with a nine-month total of 90,752 [4][6]. - **Silver Sales**: Total silver ounces sold in 3Q25 reached 4,121,632, with a nine-month total of 11,110,268 [4][6]. - **Lead Sales**: Lead sales for 3Q25 were 4,586 metric tons, with a nine-month total of 12,341 metric tons [6]. - **Zinc Sales**: Zinc sales totaled 5,973 metric tons in 3Q25, with a nine-month total of 17,266 metric tons [6]. - **Copper Sales**: Copper sales reached 14,223 metric tons in 3Q25, with a nine-month total of 42,481 metric tons [6]. Average Realized Prices - **Gold**: Average realized price for gold in 3Q25 was $3,594 per ounce, compared to $3,287 in the previous year [10]. - **Silver**: Average realized price for silver was $40.81 per ounce, up from $36.08 [10]. - **Lead**: Average realized price for lead was $1,903 per metric ton, slightly up from $1,892 [10]. - **Zinc**: Average realized price for zinc was $2,811 per metric ton, compared to $2,710 [10]. - **Copper**: Average realized price for copper was $9,989 per metric ton, up from $9,632 [10]. Operational Commentary - The company noted that gold and silver production exceeded expectations in 3Q25 due to the successful initiation of full capacity mine and leach pad production [15]. - The 2025 production guidance for gold and silver has been revised, with adjustments made to reflect higher ore processing volumes [15]. - The company is transitioning to mining zones richer in gold and copper, which is expected to offset decreased production from historically lower-yield zones [15].
AngloGold Ashanti plc Announces Appointment of Non-Executive Director
Businesswire· 2025-10-03 10:08
Company Announcement - AngloGold Ashanti plc has appointed Marcus Randolph as an independent non-executive director effective from 27 October 2025 [1] - Randolph will be a member of the Compensation and Human Resources Committee and the Social, Ethics and Sustainability Committee [1] Experience and Background - Marcus Randolph brings over 40 years of experience in the mining and processing industries, having held senior leadership and board positions [2] - He was previously the CEO and President of Ecobat, a leader in battery recycling, and Executive Chairman of Boart Longyear, the largest supplier of drilling services and equipment to the minerals industry [2] - Randolph held several senior leadership roles at BHP Billiton from 1999 to 2013, including Chief Executive Officer Ferrous & Coal and Chief Strategic Officer for Minerals [3] - He holds a BSc in Mining Engineering from Colorado School of Mines and an MBA from Harvard University [3] Company Overview - AngloGold Ashanti plc is headquartered in Denver, Colorado, and employs approximately 25,000 people [4][8] - The company operates in the natural resources sector, specifically in mining and minerals [4]
CORRECTING and REPLACING Lomiko Metals Announces the Hard Dollar Financing
Businesswire· 2025-09-29 14:32
Core Viewpoint - Lomiko Metals Inc. announces a private placement to raise up to $800,000 through the issuance of 8,000,000 units at a price of C$0.10 per unit, aimed at funding engineering studies and strategic initiatives for the La Loutre graphite project [1][2]. Financing Details - The private placement will consist of 8,000,000 units, each comprising one common share and one-half common share purchase warrant, exercisable for three years at $0.15 [1]. - The total gross proceeds from the offering are expected to be up to $800,000 [1]. Use of Proceeds - Proceeds will be allocated to pre-feasibility engineering studies for the La Loutre natural flake graphite deposit, baseline data collection, bulk sampling, anode piloting, and general working capital [2]. - The engineering studies will involve independent consultants to assess geology and project potential, aiming to select an optimal production model that mitigates environmental and social risks [2]. Regulatory Compliance - All securities issued will be subject to a hold period of four months and one day from the issuance date, and the financing is contingent upon receiving necessary regulatory approvals, including from the TSXV [3]. Company Overview - Lomiko Metals holds mineral interests in the La Loutre graphite development located in southern Quebec, covering 4,528 hectares [4]. - The La Loutre project is situated within the territory of the Kitigan Zibi Anishinabeg First Nation and consists of one large block with 76 mineral claims [4]. Mineral Resource Estimate - An updated Mineral Resource Estimate for the La Loutre project indicates 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase in tonnage [6][7]. - The estimate includes 3.0 million tonnes of graphite and reflects results from a 2022 drilling campaign that significantly increased the Indicated Mineral Resources [7]. Additional Projects - The company also has interests in seven early-stage projects in southern Quebec, covering a total of 18,622 hectares [8].
Lomiko Metals Identifies New Gold Showing and Extends Multi-Element Anomalies to the South at the Yellow Fox Antimony, Silver, and Gold Property Located in Central Newfoundland
Businesswire· 2025-09-23 10:00
Core Insights - Lomiko Metals Inc. has identified a new gold anomaly and extended multi-element anomalies at the Yellow Fox property in Newfoundland, indicating promising exploration results [1][2][34] - The company plans to focus on further soil sampling in Phase 3 to explore the newly identified gold anomaly, which is nearly one kilometer long [2][5] - Newfoundland has been recognized as one of the top ten most attractive jurisdictions for mining investment by the Fraser Institute, enhancing the region's appeal for exploration [2][3] Exploration Results - The Phase II soil sampling program collected 264 additional samples, bringing the total to 815 samples, which successfully extended several high-priority multi-element anomalies [5][8] - A new gold showing was discovered with an assay result of 1.3 grams per tonne (g/t), located in an area with minimal prior exploration [9][10] - Historical work at the Yellow Fox property has returned significant samples, including up to 59.43 g/t Au and 11.10% Sb, indicating the potential for high-grade mineralization [4][26] Future Plans - The company plans to conduct further prospecting and surface trenching to evaluate the extent of the new gold showing and to collect additional rock samples [9][15] - Ground geophysics and line cutting permits have been received, with plans to run a Rare Earth Elements testing package to explore cerium anomalies [10][15] - Additional soil sampling will be conducted on 3-5 lines south of the new gold anomaly to determine its extent [15]