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ONGold Announces Grant of Stock Options and Restricted Share Units to Certain Employees
Newsfile· 2025-11-05 22:30
ONGold Announces Grant of Stock Options and Restricted Share Units to Certain EmployeesNovember 05, 2025 5:30 PM EST | Source: ONGold Resources Ltd.Toronto, Ontario--(Newsfile Corp. - November 5, 2025) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) ("ONGold" or the "Company") is pleased to announce the grant of stock options (each an "Option") and restricted share units (each an "RSU") pursuant to the Company's omnibus incentive plan (the "Plan").The Company has granted an aggregate of 37 ...
Allied Gold Reports Third Quarter 2025 Results: Solid Performance and On Track for Improved Production
Globenewswire· 2025-11-05 22:01
TORONTO, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) (“Allied” or the “Company”) reports its financial and operational results for the third quarter of 2025. The Company produced 87,020 ounces of gold during the quarter and sold 92,099 ounces of gold during the same period. Production and sales were in line with expectations and operating plans, which fully support strong fourth quarter production as previously guided. All-in Sustaining Costs ("AISC")(1) for the period ...
New South Wales Exploration Update
Globenewswire· 2025-11-05 22:00
High-Grade Gold Rock Chips From TibooburraHIGHLIGHTS Rock chip results from a recently completed reconnaissance program at the Tibooburra Gold Project defined new targets including: Pioneer North, which gave peak result of 39.9 g/t AuPioneer South, where seven of the 20 rock chip samples assayed > 4 g/t Au with a peak result of 19.8 g/t Au Recent mapping at multiple prospects across Tibooburra, down-hole televiewer and acoustic surveys at Clone and re-logging core from Pioneer and New Bendigo, all support ...
New Found Gold Announces Maritime Securityholder Approval of Arrangement; Strengthens Management Team
Newsfile· 2025-11-05 22:00
Core Points - New Found Gold Corp. has received overwhelming approval from Maritime Resources Corp. shareholders for the arrangement to combine the two companies, with 99.68% of Maritime Shareholders and 99.69% of Maritime Securityholders voting in favor [2][3] - The final order for the arrangement will be sought from the Supreme Court of British Columbia on November 7, 2025, with the closing expected around November 13, 2025, pending customary closing conditions [3] - New Found Gold has appointed Jelena Novikov Fried as General Counsel and Corporate Secretary, bringing over 20 years of legal experience in corporate and securities compliance [4][5] Company Overview - New Found Gold is an advanced-stage exploration company with a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized for its excellent infrastructure and skilled workforce [6] - The company has completed a Preliminary Economic Assessment (PEA) at the Queensway project and continues to discover new gold zones, indicating significant district-scale potential [6][7] - New Found Gold has a solid management team and board, with a notable shareholder base that includes approximately 23.1% ownership by Eric Sprott [8]
OceanaGold Reports Third Quarter 2025 Results
Prnewswire· 2025-11-05 22:00
Third Quarter Highlights †See "Non-IFRS Financial Information"1 Calculated as trailing 12 month Free Cash Flowover the average trailing 12 month market capitalization in USD. Gerard Bond, President and CEO of OceanaGold, said: "The third quarter was another period of safe and responsible gold production in which we continued to generate substantial Free Cash Flow, despite it being the planned lowest production quarter of the year. The investment made in waste stripping at Haile and Macraes throughout 2025 ...
New South Wales Exploration Update
Globenewswire· 2025-11-05 22:00
HIGHLIGHTS Rock chip results from a recently completed reconnaissance program at the Tibooburra Gold Project defined new targets including: Pioneer North, which gave peak result of 39.9 g/t AuPioneer South, where seven of the 20 rock chip samples assayed > 4 g/t Au with a peak result of 19.8 g/t Au Recent mapping at multiple prospects across Tibooburra, down-hole televiewer and acoustic surveys at Clone and re-logging core from Pioneer and New Bendigo, all support the shallow to moderate NNW plunging high- ...
Torex Gold Announces Initial Return of Capital Program
Newsfile· 2025-11-05 21:01
Core Viewpoint - Torex Gold Resources Inc. has announced an initial return of capital program, which includes a quarterly dividend and share repurchases, reflecting strong cash flow generation following the successful completion of the Media Luna project [1][2]. Return of Capital Program - The return of capital program will feature a quarterly dividend of C$0.15 per common share and discretionary share repurchases through the normal course issuer bid (NCIB) [1]. - The inaugural quarterly dividend is set to be paid on December 4, 2025, to shareholders of record as of November 20, 2025, with a total expected payout of approximately C$14.4 million ($10.2 million) based on 96.1 million shares outstanding [5][7]. Financial Performance and Strategy - The company reported a return to positive free cash flow in June 2025, with a modest level of debt, making it an opportune time to return capital to shareholders [2]. - Year-to-date, the company has returned C$10.0 million ($7.2 million) through share repurchases in Q3 2025, repurchasing 239,204 shares at an average price of C$41.79 per share [10]. Future Plans - The return of capital plan is expected to evolve through 2026 as the company's balance sheet strengthens, with plans to pay down debt and maintain a minimum cash balance of $200 million [3]. - The company anticipates robust free cash flow generation, allowing for capital returns without compromising funding for future projects, including extending the mine life at Morelos and advancing the Los Reyes project [4]. Share Repurchase Program - The current NCIB commenced on November 21, 2024, and will expire on November 20, 2025, with intentions to seek approval for renewal on similar terms [8]. - Future share repurchases will depend on the underlying share price, long-term metal prices, and market conditions [9].
LaFleur Minerals Advances Swanson Confirmation Drilling to Support Beacon Mill Restart and PEA
Prnewswire· 2025-11-05 19:25
Accessibility StatementSkip Navigation VANCOUVER, BC, Nov. 5, 2025 /PRNewswire/ -- Lafleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is moving closer to near-term gold production with the launch of a confirmation drilling program at its Swanson Gold Deposit in Val-d'Or, Québec. The program will support a Preliminary Economic Assessment (PEA) for the restart of gold production at the company's Beacon Gold Mill, positioning LaFleur as one of the few juniors in Québec advancing both a producing mil ...
Gold Resource (GORO) - 2025 Q3 - Earnings Call Transcript
2025-11-05 18:00
Financial Data and Key Metrics Changes - The company concluded Q3 2025 with a strong cash position of over $9 million, reflecting successful capital raising efforts and disciplined cash management [9] - Mining gross profit was recorded during the quarter, indicating meaningful progress towards profitability [10] - Cash cost per gold equivalent ounce and all-in sustaining cost per gold equivalent ounce remain above long-term targets, but a downward trend was observed during Q3 [10] Business Line Data and Key Metrics Changes - Production ramped up significantly towards the end of Q3, with multiple shipments completed in late September [9] - The introduction of cut-and-fill mining methods has improved profitability by reducing dilution and enhancing ore grades delivered to the plant [6][10] - Metallurgical recoveries across all metals exceeded prior quarters, contributing to improved financial performance [7][10] Market Data and Key Metrics Changes - The company is benefiting from record-high metal prices, particularly in silver, which has positively impacted cash flow and overall financial performance [6][10] - The precious metal content in mined material has increased, further contributing to financial improvements [10] Company Strategy and Development Direction - The company is focused on executing strategic plans laid out earlier in the year, with a particular emphasis on mine development and exploration drilling [8][12] - Significant capital investments have been made in underground development and exploration, particularly in the Three Sisters area, to support long-term growth [11] - The Bat 40 project is now able to advance towards a production decision due to improvements at the mine [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the turnaround at operations in Mexico, with tangible benefits from strategic plans becoming evident [4][12] - The company anticipates that between 40% and 50% of total production will come from the Three Sisters area as they head into 2026 [17] - Management expects continued improvement in production volumes and profitability through the remainder of the year and into next [12][40] Other Important Information - The company engaged an external consultant to conduct a comprehensive safety assessment and audit following several lost-time injury incidents [7] - The contractor's progress in mine development has validated expectations, revealing good vein widths and high-grade mineralization [5][6] Q&A Session Summary Question: Development work at Three Sisters and future throughput targets - Management anticipates that between 40% and 50% of total production will come from Three Sisters, with at least 40% expected in Q1 2026 [17][18] Question: Thoughts on hedging to lock in higher credits - Management is actively considering hedging options but has been reticent in the past; they are looking at collars primarily [19] Question: Details on received equipment and uptime comparison - Approximately $4 million has been spent on a blend of new and used equipment, with uptime now running north of 80% [28][33] Question: Impact of cut-and-fill mining on cost per ton - The net result of cut-and-fill mining is an increase in revenue per ton mined, with a significant reduction in dilution and improved recoveries [35][36]
Ero Copper(ERO) - 2025 Q3 - Earnings Call Transcript
2025-11-05 17:30
Financial Data and Key Metrics Changes - Revenue for Q3 2025 reached $177 million, a $14 million increase compared to Q2, driven by a 24% increase in copper concentrate sales at Tucumã and stronger copper and gold prices [17] - Adjusted EBITDA totaled $77.1 million in Q3, with adjusted net income attributable to owners of the company at $27.9 million, or $0.27 per share [17] - Liquidity position at quarter end was $111 million, including $66.3 million in cash and cash equivalents [18] - Net debt leverage ratio improved to 1.9 times at the end of Q3, down from 2.1 times in Q2 and 2.5 times at the end of 2022 [18] Business Line Data and Key Metrics Changes - Consolidated copper production set a record in Q3, with significant contributions from Tucumã, which saw a nearly 20% increase for the second consecutive quarter [10] - At Caraíba, plant throughput levels reached a quarterly volume record, with a decline in grade as expected due to a strategic shift in ore sourcing [11] - Tucumã's production increased by 19% in Q3, driven by a ramp-up in throughput, while Xavantina's production rose by approximately 17% due to mechanization efforts [12][13] Market Data and Key Metrics Changes - The company expects to sell between 10,000 and 15,000 tons of gold concentrate during Q4 2025, with operating costs estimated at approximately $300-$500 per ounce of gold [5] - The average quarterly production of gold at Xavantina was 7,000 ounces in the first half of the year, with a production of nearly 7,000 ounces in October alone [8] Company Strategy and Development Direction - The company is focused on deleveraging its balance sheet and expects to accelerate this process through gold concentrate sales [6][18] - A significant emphasis is placed on operational excellence, health and safety, and optimizing production across all operations [9][10] - The company is also advancing long-term growth initiatives at Furnas, with ongoing drilling and technical work to support future development [15][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing transformation and improvements across operations, with expectations for Q4 to be the strongest production quarter of the year [10][12] - The company is addressing inflationary pressures in Brazil through various initiatives, including foreign exchange hedging [22][24] - Management highlighted the importance of mechanization and operational improvements in driving productivity and safety [41][46] Other Important Information - The company has commenced shipping gold concentrate, resulting in its first invoice, and expects to continue this momentum into Q4 [5][19] - A foreign exchange hedge program was in place with a total notional position of $290 million, resulting in a realized gain of $2 million [19] Q&A Session Summary Question: On Xavantina, regarding the remaining 80% of the gold concentrate that has not been sampled yet, what assumptions can be made? - Management indicated that while excitement exists about the potential volume, it is too early to provide specific estimates for the remaining concentrate [20][21] Question: Have there been any significant labor contractor inflation pressures in Brazil? - Management acknowledged inflationary pressures in Brazil but noted efforts to mitigate these through longer-term contracts and hedging strategies [22][24] Question: What is the timeline for sampling the remaining gold concentrate stockpile? - Management stated that the focus is on selling the current volume before continuing sampling, with updates expected quarterly [33][34] Question: How is the company addressing the tailings filtration circuit at Tucumã? - Management confirmed ongoing improvements and the addition of a mobile filter press to enhance capacity [36][37] Question: What are the expectations for mining rates and grades at Xavantina moving into next year? - Management highlighted significant increases in mining rates and grades due to mechanization, with expectations for continued high performance [41][44]