Precious Metals Mining
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Endeavour Silver Completes Acquisition of Minera Kolpa
Globenewswire· 2025-05-01 21:00
Core Viewpoint - Endeavour Silver Corp. has successfully completed the acquisition of Compañia Minera Kolpa S.A. and its main asset, the Huachocolpa Uno Mine, for a total consideration of $145 million [1][2]. Acquisition Details - The acquisition includes $80 million in cash and $65 million in common shares, with potential additional contingent payments of up to $10 million [2]. - Endeavour will also assume approximately $20 million in net debt from Minera Kolpa [2]. Financing - The company closed a $35 million copper stream with Versamet Royalties Corporation to fund the cash component of the acquisition [3]. - Additionally, a $50 million bought deal equity financing was previously announced to support the acquisition [3]. About Kolpa Mine - The Huachocolpa Uno Mine has over 25 years of continuous production and currently operates at a capacity of 1,800 tonnes per day (tpd) [4]. - In 2024, the mine produced 2.0 million ounces of silver and in Q1 2025, it produced 567,269 ounces of silver [4]. - The mine is expected to expand its capacity to 2,500 tpd, with an environmental permit obtained for this expansion [5]. Capital Expenditures - Sustaining capital for the remainder of the year is estimated at $13 million, which includes various infrastructure projects [5]. - An $8 million exploration program is planned to further define and expand recent discoveries [6]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru [7]. - The company aims to become a premier senior silver producer and has a portfolio of exploration projects in multiple countries [7].
TUDOR GOLD Receives Five Year Exploration Permit to Advance the Treaty Creek Project
Newsfile· 2025-05-01 15:48
TUDOR GOLD Receives Five Year Exploration Permit to Advance the Treaty Creek ProjectMay 01, 2025 11:48 AM EDT | Source: Tudor Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") is pleased to announce that it has received exploration permits from the British Columbia Ministry of Mining and Critical Minerals for its flagship Treaty Creek Property, located in the heart of the Golden Triangle of Northwestern Br ...
ESGold Appoints Mining Executive Peter Espig to Board of Directors
Globenewswire· 2025-05-01 12:30
Core Insights - ESGold Corp. has appointed Peter Espig, a veteran mining executive and former global investment banker, to its Board of Directors as it moves towards gold production in 2025 [1][2][6] Company Overview - ESGold is advancing its fully permitted Montauban Gold-Silver Project in Quebec, transitioning from an exploration-stage junior to a producer [2][8] - The company is focused on clean mining and exploration innovation, with a commitment to responsible mining practices [8][9] Leadership Profile - Peter Espig has extensive experience in global capital markets and operational mining, having participated in over $10 billion in structured deals at Goldman Sachs [3] - He has successfully led Nicola Mining Inc. out of creditor protection, achieving a ten-fold increase in market capitalization [4][5] Strategic Direction - ESGold is targeting first gold and silver production by late 2025, with ongoing mill circuit construction at Montauban [8] - The company is updating its Preliminary Economic Assessment (PEA) to reflect stronger gold and silver prices [8] - A 3D geological modeling project is underway to enhance exploration strategies [8] Leadership Commentary - The CEO of ESGold expressed enthusiasm for Espig's appointment, highlighting his combination of finance and operational mining experience as crucial for the company's growth [6] - Espig emphasized the transformational phase ESGold is entering, with a focus on scalable and sustainable production [7]
Why Newmont Stock Rocked the Market Today
The Motley Fool· 2025-04-24 22:16
Core Viewpoint - Newmont has reported strong quarterly results driven by historically high gold prices, leading to a significant increase in its stock price [1][2]. Financial Performance - Newmont's revenue for the first quarter reached $5.01 billion, nearly $1 billion higher than the $4.02 billion reported in the same period last year [2]. - Non-GAAP adjusted net income more than doubled to over $1.4 billion from $630 million year-over-year, surpassing analyst expectations [2]. Operational Highlights - The company completed the divestment of several projects, generating over $2.5 billion in sales from these assets [3]. - Gold production fell by 19% year-over-year to slightly more than 1.5 million ounces, attributed to asset sales and safety improvements at certain sites [3]. Future Guidance - Newmont maintained its gold production guidance for 2025 at 5.9 million ounces and forecasted exploration and advanced project costs of $525 million for the year [4].
Kuya Silver Discovers New Vein Cluster Expanding Angus Target Area to the West at Campbell-Crawford Prospect, Silver Kings Project, Ontario
Newsfile· 2025-04-24 12:14
Kuya Silver Discovers New Vein Cluster Expanding Angus Target Area to the West at Campbell- Crawford Prospect, Silver Kings Project, Ontario April 24, 2025 8:15 AM EDT | Source: Kuya Silver Corporation New vein cluster is located 100 m to the west of the main Angus Vein bonanza-grade silver zone in a previously untested area Size of silver-cobalt mineralized footprint has been expanded to 375 m by 250 m and remains open Toronto, Ontario--(Newsfile Corp. - April 24, 2025) - Kuya Silver Corporation (CSE: KUYA ...
Quebec Precious Metals Announces Shareholder Approval of Arrangement with Fury Gold
Newsfilter· 2025-04-22 22:21
Core Viewpoint - Fury Gold Mines Limited has successfully obtained overwhelming shareholder approval for its acquisition of Quebec Precious Metals Corporation, indicating strong support for the transaction and potential growth opportunities for both companies [1][4]. Group 1: Transaction Details - The Arrangement involves Fury Gold acquiring all issued and outstanding QPM Shares at a ratio of 0.0741 Fury Gold Shares for each QPM Share, valuing each QPM Share at approximately C$0.04 based on the 20-day volume weighted average price [1]. - A total of 50,449,020 QPM Shares were represented at the special meeting, constituting 48.67% of the total issued shares, which met the quorum requirement [2]. - The Arrangement Resolution required at least two-thirds (66⅔%) approval from the votes cast, and it received 88.72% support from the shareholders present [3][4]. Group 2: Next Steps and Regulatory Approval - QPM plans to seek a final court order to approve the Arrangement on April 25, 2025, with the transaction expected to close around April 28, 2025, pending customary closing conditions [5]. - Following the completion of the Arrangement, QPM Shares are anticipated to be delisted from the TSXV and the Frankfurt Stock Exchange [5]. Group 3: Company Profiles - Fury Gold Mines Limited is focused on exploration in Canada, holding a significant position in Dolly Varden Silver Corp and aiming to expand its gold platform through rigorous project evaluation [6]. - Quebec Precious Metals Corporation has a substantial land position in the Eeyou Istchee James Bay territory and is advancing its Sakami gold project and a lithium showing on the Elmer East project [7].
Quebec Precious Metals Announces Shareholder Approval of Arrangement with Fury Gold
Globenewswire· 2025-04-22 22:21
Core Viewpoint - Fury Gold Mines Limited has successfully obtained overwhelming shareholder approval for its acquisition of Quebec Precious Metals Corporation, indicating strong support for the transaction and the strategic alignment between the two companies [1][4]. Group 1: Transaction Details - The Arrangement involves Fury Gold acquiring all issued and outstanding QPM Shares at a ratio of 0.0741 Fury Gold Shares for each QPM Share, valuing each QPM Share at approximately C$0.04 based on the 20-day volume weighted average price as of February 25, 2025 [1]. - A total of 50,449,020 QPM Shares were represented at the special meeting, constituting 48.67% of the total issued shares, which met the quorum requirement [2]. - The Arrangement Resolution required at least two-thirds (66⅔%) approval from the votes cast, and it received 88.72% support from the shareholders present [3][4]. Group 2: Next Steps and Regulatory Approval - QPM plans to seek a final order from the Superior Court of Québec on April 25, 2025, to approve the Arrangement, with completion expected around April 28, 2025, subject to customary closing conditions [5]. - Following the completion of the Arrangement, QPM Shares are anticipated to be delisted from the TSXV and the Frankfurt Stock Exchange [5]. Group 3: Company Profiles - Fury Gold Mines Limited is focused on exploration in Canada, holding a significant position in Dolly Varden Silver Corp and aiming to expand its gold platform through rigorous project evaluation [6]. - Quebec Precious Metals Corporation has a substantial land position in the Eeyou Istchee James Bay territory and is advancing its Sakami gold project and a lithium showing on the Elmer East project, along with a 68% interest in the Kipawa rare earths project [7].
Earnings Estimates Moving Higher for Royal Gold (RGLD): Time to Buy?
ZACKS· 2025-04-22 17:20
Core Viewpoint - Royal Gold (RGLD) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts are optimistic about Royal Gold's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - The consensus earnings estimate for the current quarter is $1.37 per share, reflecting a year-over-year increase of +50.55% [5]. - For the full year, the earnings estimate stands at $6.68 per share, indicating a +27% change from the previous year [6]. Estimate Revisions - Over the past 30 days, the Zacks Consensus Estimate for Royal Gold has increased by 8.11% for the current quarter, with two estimates raised and no negative revisions [5]. - For the current year, the consensus estimate has risen by 8.23%, supported by three upward revisions and no negative changes [7]. Zacks Rank - Royal Gold currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on the positive estimate revisions [8]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - The stock has gained 18.3% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9].
Prosper Gold Refines Target at Cyprus
Globenewswire· 2025-04-22 12:00
Following the maiden drill program, a deep-penetrating IP survey was designed to outline the distribution of disseminated sulphides within the hydrothermal system. IP results, along with alteration, lithology and pyrite mineralization observed in drill core, suggest the northeastern margin of the system was drilled. The survey results indicated the vast majority of disseminated sulphides occur 1.2 kilometres to the southwest of the nearest drill hole (DD25CYP002, Figure 2). The three holes intersected varia ...
Fortuna to release first quarter 2025 financial results on May 7, 2025; Conference call at 12 p.m. Eastern time on May 8, 2025
GlobeNewswire News Room· 2025-04-22 09:00
VANCOUVER, British Columbia, April 22, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its financial statements and MD&A for the first quarter on Wednesday, May 7, 2025, after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, May 8, 2025, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief Financial Officer, Cesa ...