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Lincoln Gold Proposed Debt Settlement
Thenewswire· 2025-08-05 21:30
Core Viewpoint - Lincoln Gold Mining Inc. intends to settle up to CDN $903,379.22 in debt through the issuance of up to 5,493,205 units at a price of $0.165 per unit, subject to regulatory approval [1][4]. Debt Settlement Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at $0.35 per share for 12 months [1]. - The debt settlement is subject to a four-month hold period from the issue date [2]. Related Party Transaction - Mr. Dong Shim, a director of the company, is considered a "related party" and the issuance of units to his firm is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder requirements [3]. - The board of directors approved the debt settlement unanimously, with Mr. Shim abstaining from the vote due to his interest [4]. Company Overview - Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company based in Vancouver, BC, focusing on becoming a mid-tier gold producer [5]. - The company holds interests in the Bell Mountain gold-silver property and the Pine Grove gold property, located within the Walker Lane mineral belt [5].
OR Royalties Declares Third Quarter 2025 Dividend
GlobeNewswire News Room· 2025-08-05 20:52
Core Points - OR Royalties Inc. has announced a third quarter 2025 dividend of US$0.055 per common share, payable on October 15, 2025, to shareholders of record as of September 30, 2025 [1] - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] - Shareholders in Canada will receive the Canadian dollar equivalent based on the Bank of Canada's daily rate on September 30, 2025 [2] Dividend Reinvestment Plan - The company has implemented a dividend reinvestment plan (DRIP) for shareholders in Canada and the United States, allowing them to reinvest dividends into additional shares [3] - Non-registered beneficial shareholders may need to re-register due to a corporate name change and should consult their financial institutions for details [4] - Shareholders interested in participating in the DRIP should contact their financial advisors or the company's transfer agent for enrollment information [5] Company Overview - OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions, including Canada, the United States, and Australia [7] - The company has grown from a single producing asset in June 2014 to a portfolio of over 195 royalties, streams, and similar interests [7] - The cornerstone asset is a 3-5% net smelter return royalty on Agnico Eagle Mines Ltd.'s Canadian Malartic Complex, one of the largest gold mines globally [7]
OR Royalties Reports Q2 2025 Results
Globenewswire· 2025-08-05 20:30
Core Viewpoint - OR Royalties Inc. reported strong financial results for Q2 2025, with significant increases in revenues, cash flows, and net earnings compared to the same period in 2024, indicating a positive trajectory for the company and its operations in the precious metals sector [4][5][27]. Financial Performance - Revenues from royalties and streams reached $60.4 million, up from $47.4 million in Q2 2024, reflecting a year-over-year increase of approximately 27.5% [5][27]. - Cash flows generated by operating activities were $51.4 million, compared to $38.2 million in Q2 2024, marking a 34.5% increase [5][29]. - Net earnings for the quarter were $32.4 million, or $0.17 per basic share, a significant recovery from a net loss of $15.4 million, or $0.08 per basic share, in Q2 2024 [5][27]. Operational Highlights - The company is on track to meet its 2025 annual guidance of 80,000-88,000 gold equivalent ounces (GEOs), with a stronger second half anticipated [4]. - The first royalty payments were received from Cardinal Namdini Mining's Namdini gold mine and Talisker Resources' Bralorne gold mine, contributing to the overall GEOs earned [5]. - The company completed acquisitions, including a 100% silver stream on Orla Mining Ltd.'s South Railroad project for $13 million and a basket of royalties from Sable Resources for C$3.8 million ($2.8 million) [5]. Balance Sheet and Liquidity - As of June 30, 2025, OR Royalties had a cash balance of $49.6 million and outstanding debt of $35.7 million, indicating a strong liquidity position [5][25]. - The revolving credit facility was increased to $650 million, with an uncommitted accordion of $200 million, extending the maturity date to May 30, 2029 [5]. Dividend Declaration - The company declared a quarterly dividend of $0.055 per common share, representing a 20% increase over the previous quarterly dividend, payable on July 15, 2025 [5].
Endeavour Silver’s Terronera Mine Startup Advancing Well, Averaging Over 1,800 Tonnes Per Day in July
Globenewswire· 2025-08-05 10:50
Core Insights - Endeavour Silver Corp. reports steady progress at its Terronera mine in Jalisco, Mexico, with significant improvements in milling rates and recovery percentages for silver and gold [1][4]. Production and Operations - In July, a total of 57,080 tonnes were milled at the Terronera mine, averaging 1,841 tonnes per day (tpd), with current milling rates now between 1,900 and 2,000 tpd [2]. - Silver and gold recoveries since July 16 have averaged 71% and 67%, respectively, while processing lower-grade material [2]. - Higher-grade material is scheduled for processing soon, which is expected to enhance recoveries directly [3]. Management Commentary - The Chief Operating Officer expressed satisfaction with the startup progress, highlighting the team's ownership and management of early challenges [4]. - The focus is on implementing a business readiness plan to ensure successful operations of Endeavour's next core asset [4]. Company Overview - Endeavour Silver is a mid-tier precious metals company committed to sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [5].
Endeavour Silver's Terronera Mine Startup Advancing Well, Averaging Over 1,800 Tonnes Per Day in July
GlobeNewswire News Room· 2025-08-05 10:50
Core Viewpoint - Endeavour Silver Corp. is making steady progress at its Terronera mine in Jalisco, Mexico, with increasing milling rates and improving recovery rates for silver and gold [1][4]. Production and Operations - In July, a total of 57,080 tonnes were milled at the Terronera mine, averaging 1,841 tonnes per day (tpd) [2]. - Current milling rates have increased to between 1,900 and 2,000 tpd, with silver and gold recoveries averaging 71% and 67% respectively since July 16 [2]. - Higher-grade material is expected to be processed soon, which is anticipated to enhance recovery rates further [3]. Management and Strategy - The Chief Operating Officer expressed satisfaction with the startup progress and emphasized the team's ownership of the mill startup and throughput increase [4]. - The company is focused on implementing a business readiness plan to ensure successful operations at the Terronera mine [4]. Company Overview - Endeavour Silver is a mid-tier precious metals company committed to sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [5].
Fortuna Advances Diamba Sud Gold Project in Senegal with Updated Mineral Resources; PEA Completion Targeted for Q4 2025
Globenewswire· 2025-08-05 09:00
Core Viewpoint - Fortuna Mining Corp. has released an updated Mineral Resource estimate for the Diamba Sud Gold Project in Senegal, indicating significant increases in both Indicated and Inferred Mineral Resources as of July 7, 2025 [1][8]. Summary by Category Mineral Resource Estimates - The Diamba Sud Gold Project contains an Indicated Mineral Resource of 14.2 million tonnes (Mt) at an average gold grade of 1.59 grams per tonne (g/t), equating to 724,000 ounces of gold [3][6]. - The Inferred Mineral Resource is estimated at 6.2 Mt with an average gold grade of 1.44 g/t, containing 285,000 ounces of gold [3][10]. - The Indicated Mineral Resource has increased by 53% since year-end 2024, while the Inferred Mineral Resource has seen a 93% increase over the same period [8]. Drilling and Resource Expansion - The updated estimate is based on new drilling conducted from July 2024 to July 2025, involving 243 holes and totaling 31,652 meters [4]. - New resource estimates for the Southern Arc and Moungoundi deposits have been introduced, with initial Inferred Mineral Resource estimates of 194,000 ounces and 31,000 ounces of gold, respectively [8][10]. Economic Analysis and Future Plans - A Preliminary Economic Analysis (PEA) is currently underway, with completion expected in the fourth quarter of 2025 [8]. - Exploration drilling at Southern Arc is ongoing, focusing on infilling and expansion drilling to upgrade Inferred Resources and explore open mineralization [9]. Geological Interpretation and Methodology - Infill drilling has improved geological interpretation and supported the conversion of Inferred Resources to Indicated Resources [9]. - The resource estimate incorporates data from 1,178 diamond and reverse circulation drill holes, totaling 154,814 meters, completed since 2019 [11]. Price Assumptions and Cost Refinements - The long-term gold price assumption has been increased to $2,600 per ounce, which, along with refinements to mining and processing costs, has contributed to updated pit shell optimization [9][26].
Sandstorm Gold Royalties Supports Royal Gold's Acquisition of Kansanshi Gold Stream
Prnewswire· 2025-08-05 07:10
Core Viewpoint - Sandstorm Gold Ltd. supports Royal Gold Inc.'s acquisition of a gold stream on the Kansanshi copper-gold mine for US$1 billion, which is expected to enhance Sandstorm's portfolio and provide benefits to its shareholders [1][2]. Group 1: Acquisition Details - Royal Gold has entered into a precious metals purchase agreement for gold deliveries linked to copper production from the Kansanshi mine, which is operated and 80% owned by First Quantum Minerals Ltd [1]. - The gold stream acquisition is funded through Royal Gold's available cash and revolving credit facility, without the need to issue new shares [1]. - The Kansanshi transaction is projected to add approximately 35,000 to 40,000 ounces of gold per year over the next 10 years, supporting a 20-year mine life from a first-tier operator [2]. Group 2: Company Strategy and Portfolio - Sandstorm Gold is a precious metals-focused royalty company that provides upfront financing to mining companies and holds a portfolio of approximately 230 royalties, with 40 of the underlying mines currently producing [3]. - The company aims to grow and diversify its low-cost production profile through the acquisition of additional gold royalties [3]. - The acquisition agreement with Royal Gold anticipated the potential for a large stream acquisition, indicating a strategic alignment between the two companies [2].
McEwen Q2 2025 Results Conference Call
Globenewswire· 2025-08-04 14:28
Core Points - McEwen Inc. will hold a conference call on August 7, 2025, at 11:00 AM EDT to discuss Q2 2025 financial results and project developments [1][2] - The company operates three mines in the USA, Canada, and Argentina, and has a significant copper development project in Argentina [3] - Rob McEwen, the Chairman and Chief Owner, has personally invested US$205 million in the company and aims to build shareholder value and establish a dividend [4] Company Overview - McEwen Inc. provides exposure to gold, copper, and silver through its operating mines and development projects [3] - The Los Azules copper project is designed to be one of the world's first regenerative copper mines, with a goal of achieving carbon neutrality by 2038 [3] Conference Call Details - Participants can join the conference call via toll-free North America number (888) 210-3454 or international dial-in [2] - An archived replay of the webcast will be available approximately two hours after the live event [2]
Curious about Wheaton Precious Metals (WPM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
ZACKS· 2025-08-04 14:20
Core Viewpoint - Analysts expect Wheaton Precious Metals Corp. to report a significant increase in quarterly earnings and revenues, indicating strong performance compared to the previous year [1]. Earnings and Revenue Estimates - Quarterly earnings per share (EPS) are projected at $0.58, reflecting a year-over-year increase of 75.8% [1]. - Expected revenues are $467.71 million, which is a 56.4% increase from the same quarter last year [1]. - The consensus EPS estimate has been revised upward by 14.2% over the past 30 days, indicating a positive reassessment by analysts [1]. Sales Projections - Sales of Palladium are expected to reach $2.63 million, showing a decline of 37.7% from the previous year [4]. - Sales of Silver are projected at $154.40 million, representing a year-over-year increase of 38.7% [4]. - Sales of Gold are anticipated to be $302.41 million, indicating a 66% increase compared to the previous year [4]. Units Sold and Produced - Units Sold for Silver are estimated at 4,627.2 ounces, up from 3,823.0 ounces in the same quarter last year [5]. - Units Produced for Gold from Sudbury are expected to be 5.1 ounces, down from 5.9 ounces in the previous year [5]. - Units Produced for Gold from Salobo are projected at 70.3 ounces, an increase from 63.2 ounces last year [6]. - Units Produced for Silver from Antamina are expected to be 1,111.3 ounces, up from 992.0 ounces in the same quarter last year [7]. - Units Produced for Silver from Constancia are projected at 635.9 ounces, compared to 451.0 ounces last year [7]. - The consensus estimate for Units Produced for Gold stands at 96.7 ounces, up from 85.0 ounces in the previous year [8]. Stock Performance - Wheaton Precious Metals shares have increased by 1.7% over the past month, outperforming the Zacks S&P 500 composite, which rose by 0.6% [9]. - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [9].
Denarius Metals Announces Decision Not to Proceed with 50/50 Joint Venture with Quimbaya Gold
Newsfile· 2025-08-01 21:00
Core Viewpoint - Denarius Metals Corp. has decided not to proceed with a 50/50 joint venture with Quimbaya Gold Inc. after completing due diligence, citing unfavorable conditions for small-scale mining operations in the Segovia Gold District of Colombia [1][2]. Company Overview - Denarius Metals is a Canadian junior mining company focused on the acquisition, exploration, development, and operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain [3]. - The company is listed on Cboe Canada under the symbol "DMET" and also trades on the OTCQX Market in the United States under "DNRSF" [3]. Current Operations - In Colombia, Denarius Metals began mining operations in Q2 2025 at its 100%-owned Zancudo Project, which is a high-grade gold-silver deposit located about 30 km southwest of Medellin [4]. - In Spain, the company has interests in three projects focused on critical minerals, including a 21% interest in Rio Narcea Recursos, S.L. and operates the Aguablanca Project, recognized by the EU as a Strategic Project [5]. - The Aguablanca Project includes a 5,000 tonnes per day processing plant and the rights to exploit the historic Aguablanca nickel-copper mine [5]. - Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit in the Iberian Pyrite Belt, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit in Northern Spain [5].