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Update on Construction of Calcatreu Project
Globenewswire· 2025-12-29 09:41
Core Viewpoint - Patagonia Gold Corp. is advancing the construction of its flagship Calcatreu project in Rio Negro, Argentina, with expectations to commence leaching in Q1 2026 [1][3]. Project Overview - The Calcatreu project is located 85 km south of Ingeniero Jacobacci and features a low sulfidation, epithermal gold and silver system with surface mineralization [2]. - The total measured and indicated mineral resources are estimated at 9.84 million tonnes with an average grade of 2.11 g/t Au and 19.8 g/t Ag, yielding approximately 669 thousand ounces of gold and 6.3 million ounces of silver [3]. Construction Progress - Construction began in Q1 2025 after receiving all necessary permits in Q4 2024, with mining activities starting in August 2025 [3]. - The explosives storage magazine was completed in August 2025, capable of storing 75 tonnes of explosives, and blasting services have been outsourced to Enaex [4]. - The first section of the leach pad has been completed, with electric leak location tests scheduled for January 2026 [4]. Chemical and Infrastructure Developments - A chemical storage facility with a capacity of 120 tonnes was completed in December 2025, with 80 tonnes of product already on site [5]. - The carbon in column section of the plant is nearing completion, expected to finish in January 2026, with plans to transport loaded carbon to Santa Cruz temporarily [6]. - Infrastructure includes a camp for 192 people, with half of the facilities commissioned and power sourced from three 1MW diesel generators [7]. Workforce and Community Engagement - The project currently employs 135 individuals, primarily recruited from Ingeniero Jacobacci and the surrounding region [8]. - The company maintains communication with local communities and authorities, who are satisfied with the project's progress [9]. Future Plans - The company has engaged NCL Ingeniera y Construccion to update the mineral resource and reserve estimates, with a new technical report expected in Q2 2026 [10].
Norsemont Closes Financing for a Total of $15MM with Increased Support from Crescat and Strategic Investors
Thenewswire· 2025-12-24 04:00
Core Viewpoint - Norsemont Mining Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of US$10,929,000 through the issuance of convertible debentures and warrants, which will be utilized for working capital and the advancement of the Choquelimpie project [1][3][4]. Financing Details - The second tranche involved the issuance of US$3,400,000 in convertible debentures and 2,726,800 warrants, contributing to the overall gross proceeds of US$10,929,000 [2]. - Each convertible debenture unit consists of a US$1,000 principal amount convertible debenture and 802 transferable common share purchase warrants, with a conversion price of C$0.86 per share and a warrant exercise price of C$1.00 per share [4]. Project Development - The proceeds from the offering are earmarked for general working capital, mineral exploration, and the development of the Choquelimpie gold-silver-copper project, which has significant existing infrastructure and a substantial mineral resource estimate [3][10]. - The Choquelimpie project has an indicated mineral resource of 1,731,000 gold ounces and 33,233,000 silver ounces, along with an inferred resource of 446,000 gold ounces and 7,219,000 silver ounces [10]. Shareholder Support - The CEO of Norsemont Mining expressed gratitude for Crescat's increased ownership and the support from other strategic shareholders, indicating a positive outlook for collaboration in advancing the Choquelimpie project [3]. Securities Information - All securities issued in connection with the offering are subject to a restricted period of four months and one day from the closing date [6].
Austral Gold Executes Mining Service Agreements at Casposo
TMX Newsfile· 2025-12-23 23:14
Core Viewpoint - Austral Gold Limited has entered into two significant mining service agreements to support mining development activities at its Casposo Mine in Argentina, which is expected to enhance production capabilities in 2026 [2][9]. Group 1: Mining Service Agreements - The company has signed agreements with ADL S.R.L. for drilling and blasting services and DP Minería y Servicios S.R.L. for loading and haulage services at the Julieta and Mercado open pits [3][10]. - The agreements are valued at approximately USD 42 million, plus VAT, and are set to last for 36 months from the commencement date [10]. Group 2: Production Guidance and Operations - Production from the Julieta and Mercado pits, along with existing stockpiles, is projected to be the primary source of ore for Casposo's 2026 production guidance of 11,000-13,000 Gold Equivalent Ounces (GEOs) [4][9]. - The first quarter of production for Casposo, ending December 2025, is on track to meet the guidance of 4,000-6,000 GEOs, with gold recovery rates expected to exceed 90% and cash costs anticipated to remain below USD 1,900 per ounce [6][9]. Group 3: Mineral Reserves - Total Proven and Probable Mineral Reserves for the Julieta and Mercado pits, along with existing stockpiles, are estimated to contain 43,000 recoverable ounces of gold and 1.263 million ounces of silver [5].
QGold Closes Private Placement Flow-Through Financing
Globenewswire· 2025-12-23 23:00
TORONTO, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Börse Frankfurt: QX9G) (“QGold” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement financing of common shares issued on a “flow-through” basis (each, a “Common Share”) for proceeds of $1,694,503 (the “FT Offering”). For more information on the FT Offering, please see the Company’s press release dated December 12, 2025, a copy of which is available under ...
Top 100 Stocks to Buy: AMC Entertainment Partially Exited Hycroft Mining Earlier This Month. There’s Good News and Bad News for AMC Shareholders.
Yahoo Finance· 2025-12-23 16:38
On Monday, Hycroft Mining (HYMC), the number one stock on Barchart’s Top 100 Stocks to Buy list, announced positive exploration drilling rights from its Vortex silver system in Nevada. The stock jumped 49% on the news. It is up over 10% in Tuesday morning trading. While Eric Sprott, Hycroft’s largest shareholder as of Dec. 18, with a 33% ownership stake, has got to be ecstatic with the news, AMC shareholders must be wondering what, if anything, yesterday’s news means for them. More News from Barchart ...
Patagonia Gold Corp. Unaware of Any Material Changes
Globenewswire· 2025-12-22 22:19
Core Viewpoint - Patagonia Gold Corp. has confirmed that its management is unaware of any material changes in operations that would explain the recent increase in market activity [1] Company Overview - Patagonia Gold Corp. is a publicly traded mining company focused on South America, specifically in the Patagonia region of Argentina [2] - The company aims to enhance shareholder value through the exploration and development of gold and silver projects, with a primary focus on the Calcatreu project in Rio Negro and the Cap-Oeste underground project [2] - Patagonia Gold holds mineral rights to over 375 properties across several provinces in Argentina, making it one of the largest landholders in Santa Cruz province [2]
Daura Gold Commences Exploration at Latin Metals’ Cerro Bayo Project, Santa Cruz Province, Argentina
Globenewswire· 2025-12-22 21:51
Announces $1.79 Million Option and Warrant ExerciseVANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV: LMS) (OTCQB: LMSQF) reports that option partner Daura Gold Corp. ("Daura") (TSXV: DGC) has commenced induced polarization ("IP") geophysical surveying across the Cerro Bayo gold-silver project (the "Project") (Figure 1) in the Deseado Massif, Santa Cruz Province, Argentina. Daura has an option (the "Option") to earn up to 80% interest in ...
Daura Gold Commences Exploration at Latin Metals' Cerro Bayo Project, Santa Cruz Province, Argentina
Globenewswire· 2025-12-22 21:51
VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV: LMS) (OTCQB: LMSQF) reports that option partner Daura Gold Corp. ("Daura") (TSXV: DGC) has commenced induced polarization ("IP") geophysical surveying across the Cerro Bayo gold-silver project (the "Project") (Figure 1) in the Deseado Massif, Santa Cruz Province, Argentina. Daura has an option (the "Option") to earn up to 80% interest in the Project (see previous news release dated Novem ...
Hycroft Reports Higher Grade in Vortex Silver System
Prnewswire· 2025-12-22 13:30
Core Insights - Hycroft Mining Holding Corporation has reported significant drill results from its 2025-2026 Exploration Drill Program at the Hycroft Mine, indicating the highest grades to date in the Vortex area, with multiple intercepts grading between 960 g/t to 1545 g/t silver [1][4][5] Exploration Results - The Vortex mineralization has expanded approximately 70 meters to the northwest and 90 meters down-dip to the west based on results from drill holes H25D-6070 and H25D-6072 [4] - Drill hole H25D-6072 reported 26.4 meters at 565.31 g/t Ag and 0.46 g/t Au, including 6.9 meters at 802.96 g/t Ag and 0.62 g/t Au [4][5] - Drill hole H25D-6070 reported 30.8 meters at 438.58 g/t Ag and 0.41 g/t Au, including 6.1 meters at 739.58 g/t Ag and 0.21 g/t Au [4][5] Future Exploration Plans - The 2025-2026 Exploration Drill Program will consist of an initial 14,500 meters of core drilling, utilizing two rigs with plans for two additional rigs in 2026 [6] - The exploration strategy aims to unlock the full scale of the Vortex and Brimstone high-grade silver systems through both lateral and depth expansion [3][5] Company Overview - Hycroft Mining Holding Corporation is focused on exploring and developing the Hycroft Mine, one of the largest precious metals deposits in northern Nevada, transitioning from oxide heap leaching to a large-scale milling operation for sulfide ore processing [7] - The company has discovered two new high-grade silver systems within the known resource area, which are considered significant value drivers for the Hycroft Mine [7]
Mithril Silver & Gold Builds Momentum at Copalquin with Third Drill Mobilization and Expanded 2026 Exploration Program
Thenewswire· 2025-12-22 12:30
Core Viewpoint - Mithril Silver and Gold Limited is advancing its exploration efforts at the Copalquin District gold-silver project in Mexico, with significant drilling activities planned for 2026, including the mobilization of a third drill rig and a focus on expanding known mineralized zones [1][8]. Drilling Update - Drilling at Target 3 will begin in January 2026, with an initial phase of 3,300 meters planned near historic workings that showed promising channel sampling results of up to 0.65 m @ 16 g/t gold and 1,275 g/t silver [2]. - Target 1 drilling has produced a predictive model for a new resource estimation in 2026, with further drilling of approximately 3,000 meters planned [3]. - The maiden drill program at Target 5 has yielded excellent results, including 2.75 m @ 2.28 g/t gold and 500 g/t silver, with additional drilling planned to test further along strike [4]. Assay Update - The company is experiencing delays at its external assay laboratory, with final results pending for about 20 drill holes, and additional holes dispatched recently [5]. Regional Exploration - LiDAR surveying has been completed at the newly acquired La Dura concession area, with analysis expected in early 2026. An aerial magnetic survey is scheduled for January 2026 to refine structural interpretations and identify new targets [6]. Year-End Reflection - The company has made significant exploration progress in 2025, reinforcing the potential of the Copalquin District as a high-grade gold-silver system, with multiple targets advancing in parallel [7]. 2026 Outlook - Mithril plans an aggressive exploration program in 2026, targeting 25,000 meters of drilling and focusing on expanding known mineralized zones and testing new high-priority targets [8].