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DPM Metals Extends Chelopech Mine Life to Ten Years; Provides Updated Mineral Reserve and Resource Estimate and Life of Mine Plan
Globenewswire· 2026-02-05 22:40
Core Viewpoint - DPM Metals Inc. has updated its Mineral Resource and Mineral Reserve estimate for the Chelopech mine, extending its mine life to 10 years and indicating strong potential for continued resource replacement and exploration success [2][4]. Updated Mineral Reserve and Resource Estimate - The updated Mineral Reserve estimate shows a 42% increase in tonnage to 23.2 million tonnes, with a 12% increase in gold content and a 10% increase in copper content compared to the previous estimate [4][6]. - Proven and Probable Mineral Reserves now contain 1.6 million ounces of gold and 308 million pounds of copper, supporting a mine life extending to 2036 with average production levels of approximately 160,000 gold equivalent ounces per year [7][9]. - The Measured and Indicated Mineral Resource tonnage increased by 20% to 15.3 million tonnes, with grades of 1.96 g/t gold and 0.57% copper [4][14]. - The Sharlo Dere prospect has been included in the updated estimates, contributing 650,000 tonnes at a grade of 1.49 g/t gold and 0.52% copper [8][9]. Life of Mine Plan - The updated Life of Mine (LOM) plan maintains a mining rate of 2.2 million tonnes per year through 2032, optimizing net asset value [19][20]. - The current LOM plan projects total production of approximately 1.2 million ounces of gold, 2.4 million ounces of silver, and 231 million pounds of copper over the mine's life [42]. Exploration Potential - The Wedge Zone Deep discovery is highlighted as a significant opportunity for adding high-grade mineral resources, with further drilling planned to assess its potential [3][27]. - The company is also advancing the Chelopech North and Brevene licenses towards mining concessions, which could enhance future resource availability [29][30]. Financial Metrics and Assumptions - Long-term metal prices assumed for the evaluation of Mineral Reserves are $2,300/oz for gold, $23.00/oz for silver, and $3.50/lb for copper [17]. - The average operational cost applied is approximately $61/tonne, which includes operational and sustaining capital costs [21].
Namib Minerals Receives Nasdaq Notification Regarding Minimum Market Value of Publicly Held Shares Requirement
Globenewswire· 2026-02-05 22:06
NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib Minerals” or “the Company”), (Nasdaq: NAMM), today announced that on January 30, 2026, the Company received a letter (the “Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) notifying the Company that during the period from December 5, 2025 to January 20, 2026 the Company’s ordinary shares, par value $0.0001 (the “Ordinary Shares”), did not meet the minimum market value of publicly held shares of $15,000,000 (the “MVPHS ...
KO Gold Announces Stock Option Grant
TMX Newsfile· 2026-02-05 22:05
Company Overview - KO Gold Inc. is a Canadian junior exploration company listed on the CSE under the ticker "KOG" [2] - The company's strategy focuses on acquiring and exploring highly prospective gold properties within the Otago Gold District in New Zealand [2] - KO Gold currently holds four 100%-owned prospecting and exploration permits in the Otago Gold District, covering a total land area of 400 km² [2] - The Smylers, Hyde, and Glenpark exploration permits are located adjacent to OceanaGold's Macraes Gold Mine, while the Carrick EP hosts the historic Carrick Goldfield, which is considered a promising gold deposit [2] - The company has invested over C$3 million in exploration and drilling activities on its permits in the Otago Gold District over the past five years [2] Stock Options Announcement - KO Gold has granted stock options to purchase up to 2,335,000 common shares to certain directors, officers, and consultants [1] - The options are exercisable for a period of three years from the date of grant at a price of $0.35 per share [1] - The options will vest immediately and are subject to a hold period of four months and one day from the date of grant [1]
Kinross Gold: Surging Free Cash Flow With Gold Near $5,000, Hiking My Target
Seeking Alpha· 2026-02-05 22:04
Core Insights - Gold stocks have experienced a nearly 20% pullback since the VanEck Gold Miners ETF (GDX) reached an all-time high of $113.50 on January 29 [1] Group 1: Market Performance - Precious metals equities have become less volatile compared to gold itself [1]
Thunder Mountain Gold Announces Bylaw Amendment and AGM Voting Results
TMX Newsfile· 2026-02-05 21:56
Core Points - Thunder Mountain Gold, Inc. has amended its Bylaws to change the quorum requirements for shareholder meetings from a majority to one-third of the outstanding shares entitled to vote [2] - The Annual Meeting held on January 28, 2026, resulted in the election of all directors and the appointment of Assure CPA, LLC as the auditor for the upcoming fiscal year [3] - Thunder Mountain Gold focuses on base and precious metals projects in the western U.S., with its principal asset being The South Mountain Mine, and also owns the Trout Creek Project [4] Company Overview - Thunder Mountain Gold, Inc. is a junior exploration company founded in 1935, with interests in various base and precious metals projects [4] - The South Mountain Mine is a historic site previously developed by Anaconda Copper Company, containing zinc, silver, gold, lead, and copper [4] - The Trout Creek Project is a gold exploration initiative located near Nevada Gold Mines, a joint venture between Barrick and Newmont Gold, Inc. [4]
Luca Mining: A High-Beta Gold Play
Seeking Alpha· 2026-02-05 21:15
My first thesis about Luca Mining Corp. ( LUCMF ) was standing on three quite clear columns. First, it was a transition story. For quite a while it was seen as problematic, but now it has two workingI’m an independent equity trader and licensed financial advisor focused on uncovering high-upside opportunities in overlooked sectors especially focusing on small-caps, energy, commodities, and special situations. My investment strategy is based on growth. I look for fundamental momentum (EPS, ROE, revenue), pri ...
Athena Gold Provides Exploration Update From Nevada and Ontario
Accessnewswire· 2026-02-05 17:50
Core Viewpoint - Athena Gold Corporation is advancing its exploration efforts at the Excelsior Springs Project in Nevada and the Laird Lake Project in Ontario, with significant developments in both projects [1]. Group 1: Excelsior Springs Project - Mammoth Minerals Limited is actively exploring the Excelsior Springs Project under an option agreement to acquire an 80% interest over five years [1]. - This agreement allows Athena Gold Corporation to benefit from a free-carry to a Definitive Feasibility Study after Mammoth Minerals earns its interest [1]. Group 2: Laird Lake Project - Permits are currently pending for the Laird Lake Project, indicating ongoing regulatory processes that may impact future exploration activities [1].
Why SSR Mining Stock Keeps Falling
Yahoo Finance· 2026-02-05 17:15
Core Insights - SSR Mining's stock has declined 5.4% recently and is down 19% from its all-time high of over $28 reached on January 28 [1][3] - The drop in stock price is attributed to falling gold and silver prices, with gold prices dropping from an all-time high of $5,419.80 per ounce to below $4,660, and silver prices falling from $116.58 to $76.82 [3][4] Company Performance - SSR Mining's stock currently trades at 24 times trailing earnings, but its forward P/E ratio is less than 6 due to higher gold and silver prices compared to last year [6] - Earnings are forecasted to more than double next year, resulting in a PEG ratio of about 0.2, indicating potential for growth [6] Market Context - The decline in the prices of gold and silver directly impacts SSR Mining's stock performance, as lower product prices typically lead to lower stock valuations [5] - Despite the recent downturn, SSR Mining's stock is viewed as a potential buy due to its favorable earnings outlook [7]
Barrick advances North American gold spinout
KITCO· 2026-02-05 17:13
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Barrick shares fall as gold miner posts strong Q4, prepares North American IPO
Yahoo Finance· 2026-02-05 17:03
Core Viewpoint - Barrick Gold Corp. reported a significant increase in quarterly earnings but experienced a nearly 5% drop in share price due to plans for an IPO of its North American assets [1] Financial Performance - Fourth-quarter net earnings rose 151% year-on-year to $1.43 per share, driven by higher gold prices and strong operational performance [1] - Attributable EBITDA reached $3.08 billion, an 82% increase from the previous year, while operating cash flow climbed 96% to $2.73 billion [2] - Free cash flow more than tripled to $1.62 billion [2] IPO Plans - The company confirmed plans to proceed with an IPO of its North American gold assets, including stakes in Nevada Gold Mines, the Pueblo Viejo project, and the Fourmile discovery [3] - Barrick will retain a controlling interest in the new entity and has appointed Mark Hill as CEO for the IPO process, expected to be completed by late 2026 [3] Production and Cost Outlook - Quarterly production totaled 871,000 ounces of gold, slightly below Jefferies' estimate of 875,000 ounces but above consensus of 864,000 ounces [5] - Cash costs were reported at $1,205 per ounce, higher than analyst projections, while all-in sustaining costs (AISC) reached $1,581 per ounce [5] - The company provided a three-year production outlook, forecasting attributable gold output of 2.9 to 3.25 million ounces in 2026, increasing to 3.3 to 3.65 million ounces in 2027 and 3.4 to 3.75 million ounces in 2028 [6] Analyst Ratings - Analysts at Jefferies maintained a "Buy" rating on Barrick, citing a strong fourth-quarter earnings performance and conservative guidance for 2026 [4] - The firm expects 2026 gold production of approximately 3.1 million ounces at AISC of about $1,855 per ounce, partly based on an assumed gold price of $4,500 per ounce [4]