Core Viewpoint - Endeavour Silver Corp. successfully closed a prospectus offering, raising approximately US$50 million, which will be used to fund the acquisition of Compañia Minera Kolpa S.A. and its Huachocolpa Uno Mine [1][3]. Group 1: Offering Details - The offering closed on April 8, 2025, and included an over-allotment option exercised in full, resulting in the purchase of an additional 1,285,000 common shares at US$3.88 each, generating additional gross proceeds of US$4,985,800 [1]. - The total gross proceeds from the offering amount to approximately US$50 million [1]. Group 2: Acquisition Plans - The net proceeds from the offering will primarily fund the acquisition of all outstanding shares of Compañia Minera Kolpa S.A. for a total consideration of US$145 million [3]. - The closing of the acquisition is subject to regulatory approvals from the Toronto Stock Exchange and New York Stock Exchange, and is expected to occur within 60 days [4]. Group 3: Company Overview - Endeavour Silver Corp. is a mid-tier precious metals company focused on sustainable and responsible mining practices, with operations in Mexico and a new mine development in Jalisco State [5]. - The company also has a portfolio of exploration projects in Mexico, Chile, and the United States, aiming to become a premier senior silver producer [5].

Core Viewpoint - GFG Resources Inc. is conducting a private placement to raise up to C$2.5 million, with Alamos Gold Inc. committing to maintain a 10.8% interest in the company through this offering [1][2]. Group 1: Offering Details - The offering will consist of up to 9,201,325 Premium Units priced at C$0.2717 each, with each unit comprising one common share and one-half of a share purchase warrant [2]. - Each whole warrant allows the holder to acquire an additional common share at an exercise price of C$0.28 for 24 months from issuance [2]. - The offering is expected to close around May 2, 2025, pending necessary approvals [4]. Group 2: Financial Implications - The financing will enhance GFG's exploration efforts and improve its financial position, enabling the company to capitalize on opportunities and create shareholder value [2]. - The company may pay finder's fees of up to 6% on a portion of the offering [4]. Group 3: Regulatory and Compliance Aspects - The Premium Units will be offered to accredited investors and other qualifying jurisdictions under National Instrument 45-106, with no hold period for the securities issued [5]. - Certain insiders are expected to participate in the offering, which will be treated as a related party transaction under Multilateral Instrument 61-101 [6].

Core Viewpoint - Integra Resources Corp. has submitted an updated Mine Plan of Operations (MPO) for the DeLamar Project to the U.S. Bureau of Land Management, marking a significant step in the federal permitting process under the National Environmental Policy Act (NEPA) [1][5] Group 1: Updated Mine Plan of Operations - The submission of the updated MPO initiates the pathway to the issuance of a Notice of Intent (NOI), which will lead to the preparation of an Environmental Impact Statement (EIS) to evaluate potential environmental effects [5] - The MPO reflects a significantly optimized and environmentally enhanced mine plan, including a more compact project footprint and design modifications aimed at reducing projected carbon emissions and water usage [6] Group 2: Strategic Appointments - The company has appointed U.S. Air Force Lieutenant General (Ret.) Leonard "Leo" Kosinski as a strategic Board Advisor to enhance federal engagement during the permitting process [2][8] - General Kosinski brings over 31 years of military and international leadership experience, which will be beneficial as the company navigates the permitting landscape [9][10] Group 3: Government Support and Executive Order - The company acknowledges the Executive Order published on March 20, 2025, titled "Immediate Measures to Increase American Mineral Production," which aims to streamline permitting timelines and enhance federal coordination [3][11] - The Executive Order addresses permitting bottlenecks for upstream resource projects, emphasizing the importance of domestic mineral supply chains for national security and economic stability [11]

Financial Data and Key Metrics Changes - For the full year 2024, revenue increased to $100.2 million, up 5% from $95.2 million in 2023, driven by higher realized metal prices with silver averaging $28.13 per ounce and zinc at $1.26 per pound [26] - Consolidated attributable silver production was 1.7 million ounces, with approximately 3.7 million ounces of silver equivalent, including 31.5 million pounds of zinc and 15.8 million pounds of lead [26] - The company reported a net loss of $48.9 million for 2024, compared to a net loss of $38.2 million in 2023, primarily due to higher cost of sales and increased exploration costs [27] Business Line Data and Key Metrics Changes - The Galena Complex produced about 300 tonnes per day in 2024, significantly below its peak production of 600 tonnes per day in 2002, with a target to ramp up to 1,200 tonnes per day [18][19] - Cosalá operations delivered production of 2.4 million silver equivalent ounces, approximately 900,000 ounces of silver at a cash cost of $11 per ounce and an all-in sustaining cost of $21.48 per ounce [20] Market Data and Key Metrics Changes - The company expects to realize approximately 80% of its revenues from silver as production increases from higher-grade zones at both Galena and Cosalá [23] - The company has institutionalized over 50% of its shareholder register, a significant achievement compared to previous efforts [31] Company Strategy and Development Direction - The company is focused on unlocking the full potential of the Galena Complex through operational improvements and new equipment [10][11] - A substantial debt financial facility is being pursued to strengthen the balance sheet and provide financial flexibility [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the silver market, describing it as a strong bull market with significant growth potential [5][37] - The company is confident in increasing silver production steadily as it progresses with the EC120 project at Cosalá, which has already contributed $3.7 million to revenue in 2024 [28] Other Important Information - The company has ordered five new pieces of equipment to enhance safety and productivity [11] - An internal trade-off study is being conducted to establish the optimal path to ramp up mining operations [12] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session [39]

Core Viewpoint - Americas Gold and Silver (USAS) reported a wider adjusted net loss in 2024 compared to the previous year, primarily due to increased costs despite higher revenues from silver and zinc prices [1][2]. Financial Performance - The adjusted net loss for 2024 was $33.7 million, compared to a loss of $28.4 million in 2023 [1]. - The net loss for 2024 was $48.9 million, up from $38.2 million in 2023, influenced by higher foreign exchange losses and increased tax expenses [2]. - Adjusted loss per share was 13 cents, wider than the Zacks Consensus Estimate of 11 cents [1]. - The company posted a loss per share of 17 cents in 2024, compared to a loss of 16 cents per share in 2023 [3]. Revenue and Production - Revenues were approximately $100 million in 2024, a 5% increase from the prior year, driven by a 20% rise in silver prices and a 7% increase in zinc prices [4]. - The company’s attributable silver production was 1.7 million ounces in 2024, down 15% from 2023, with zinc and lead production also declining [6]. - Silver equivalent production was 3.7 million ounces, 19% higher than the previous year, mainly due to higher prices [6]. Operational Insights - The Galena Complex produced around 1.5 million ounces of silver in 2024, a decrease from 1.6 million ounces in 2023 [7]. - The Cosalá Operations saw a 25% year-over-year decline in silver production to 0.825 million ounces [8]. - The company expects an increase in silver production in 2025 as it progresses with the EC120 Project [10]. Cost Structure - Attributable cash costs were $17.41 per ounce of silver produced in 2024, up from $13.21 per ounce in 2023 [11]. - All-in-sustaining costs rose to $28.13 per ounce of silver produced compared to $20.44 per ounce in the prior year [11]. - Adjusted EBITDA was a loss of $1.5 million in 2024, slightly worse than the loss of $1.4 million in 2023 [12]. Cash Position - The company ended 2024 with cash and cash equivalents of $20 million and a working capital deficit of $28.7 million [13]. - Operating activities consumed $5.9 million in cash during the year [13]. Stock Performance - Shares of USAS surged 150% over the past year, contrasting with a 9.5% decline in the industry [14].

Core Viewpoint - Metalla Royalty & Streaming Ltd. reported positive operational and financial results for the year ended December 31, 2024, with expectations for continued growth in 2025 driven by new production milestones and cash flow generation from various projects [3][4][5]. Company Highlights - For the year ended December 31, 2024, Metalla received or accrued payments on 2,481 attributable Gold Equivalent Ounces (GEOs) at an average realized price of $2,411 and an average cash cost of $19 per attributable GEO [4][49]. - The company recognized revenue from royalty and stream interests of $5.9 million, with a net loss of $5.5 million and Adjusted EBITDA of $1.4 million for the same period [4][54]. - Operating cash margin was reported at $2,401 per attributable GEO from various royalty interests [4][54]. Outlook - In 2025, Metalla expects to receive or accrue payments on 3,500 to 4,500 attributable GEOs, with primary cash flow sources anticipated from Tocantinzinho, Wharf, Endeavor, Aranzazu, La Encantada, and La Guitarra [5][6]. Asset Updates - **Tocantinzinho**: As of year-end 2024, Proven Mineral Reserves totaled 1.06 million ounces at 1.23 g/t gold, with plans for near-mine exploration budgeted at $2 million for 2025 [7][8]. - **Wharf**: Coeur Mining reported production guidance for 2025 at Wharf of 90,000 to 100,000 ounces of gold, with exploration investment expected to be $7-10 million [11][12][13]. - **Aranzazu**: Aura Minerals announced fourth quarter 2024 production at Aranzazu totaled 23.4 K GEOs, with 2025 production guidance between 88,000 to 97,000 GEOs [14][15][16]. - **La Guitarra**: Sierra Madre announced full commercial production commenced on January 1, 2025, with Metalla accruing 25 GEOs for Q4 2024 [17]. - **Endeavor**: Polymetals Resources announced plans to commence production in Q2 2025, with Metalla holding a 4.0% NSR royalty on lead, zinc, and silver produced [20][21]. - **Côté-Gosselin**: IAMGOLD plans to spend approximately $18.6 million on exploration in 2025, including 45,000 meters of drilling [22][23][24]. - **Copper World**: Hudbay received the final major permit for the project, with a definitive feasibility study expected to be completed in the first half of 2026 [29][30]. Financial Information - Adjusted working capital as of December 31, 2024, was reported at $11.8 million, reflecting the exclusion of the Convertible Loan Facility [56].

Core Viewpoint - Integra Resources Corp. has appointed Clifford Lafleur as Chief Operating Officer, marking a significant step in the company's transformation into a growth-focused precious metals producer in the Great Basin of the U.S. [1][3] Company Overview - Integra Resources is a growing precious metals producer focused on operational excellence at its Florida Canyon Mine in Nevada and advancing its development-stage projects, DeLamar and Nevada North [6]. Appointment of COO - Clifford Lafleur brings over 25 years of operational and executive experience in mining, having previously contributed to the success of SilverCrest Metals, which was sold for $1.7 billion [2]. - Mr. Lafleur's role will be pivotal in optimizing operations at Florida Canyon and advancing development projects [3][4]. Strategic Focus Areas - The company aims to enhance operational execution at Florida Canyon through strategic mine optimization and cost discipline [4]. - There is a focus on maximizing the value of the development portfolio, particularly through advanced technical studies and construction efforts at DeLamar and Nevada North [4]. - Strategic capital allocation will ensure that cash flow from Florida Canyon is effectively reinvested to maximize shareholder value [4]. Future Guidance - Integra plans to release its formal 2025 operating and cost guidance in mid-2025, allowing Mr. Lafleur to assess operations and onboard effectively [4].

VANCOUVER, British Columbia, March 13, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE:FSM, TSX:FVI) is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire. Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Exploration drilling at Kingfisher has moved to infilling and improving the resource confidence along the 1-kilometer strike length of the current resource pit, with several notable intersections including 7.2 g/t Au over an estimated ...

Core Insights - Endeavour Silver Corp. reported strong financial results for 2024, driven by higher realized prices and robust revenue, with mine operating cash flow reaching $72.3 million [2][5][19]. Financial Performance - Revenue for 2024 was $217.6 million, an increase of 6% from $205.5 million in 2023, attributed to higher average realized prices of $27.39 per ounce for silver and $2,397 per ounce for gold [5][19]. - The company recognized a net loss of $31.5 million for 2024, compared to net earnings of $6.1 million in 2023, primarily due to a loss on derivative contracts and foreign exchange [5][22]. - Adjusted net earnings for 2024 were $8.0 million, or $0.03 per share, compared to $1.7 million, or $0.01 per share in 2023 [5][23]. Production Metrics - Silver production for Q4 2024 was 824,529 ounces, a decrease of 41% from 1,406,423 ounces in Q4 2023, while gold production decreased by 6% to 9,075 ounces [4][5]. - For the full year 2024, silver production totaled 4,471,824 ounces, down 21% from 5,672,703 ounces in 2023, while gold production increased by 3% to 39,047 ounces [4][5]. Cost Analysis - Cash costs per silver ounce for 2024 decreased by 4% to $12.99, driven by lower cash costs and higher by-product gold sales [17][18]. - All-in sustaining costs (AISC) per ounce increased by 4% to $23.88, primarily due to lower silver production [18][19]. Project Developments - The Terronera project is nearing completion, with 89.4% of the project budget spent as of December 31, 2024, and wet commissioning expected in early Q2 2025 [5][19]. - The Pitarrilla project is advancing with ongoing exploration and evaluation efforts, with technical studies expected to support an economic assessment by Q1 2026 [5][19].

Financial Data and Key Metrics Changes - Revenue increased by 7% for the six months ended December 31, 2024, primarily due to higher Rand gold prices and the inclusion of Relden operations [79] - Adjusted EBITDA for the six months was ZAR6.4 billion, maintaining stability for the third consecutive half-year [80] - Profit for the period was $1.3 billion compared to a loss of $45 million for the same period in 2023 [81] Business Line Data and Key Metrics Changes - South African gold operations contributed just under ZAR6 billion in EBITDA for the year, a substantial increase from the prior period [45] - South African PGM operations saw a 16% decline in the PGM basket price year on year, leading to a nearly 60% decrease in EBITDA to ZAR7.5 billion for 2024 [48] - The recycling business contributed ZAR594 million to adjusted EBITDA, with a total revenue of ZAR14 billion for 2024 [24][60] Market Data and Key Metrics Changes - The average PGM basket price declined by 21% to $988 per ounce, impacting U.S. operations significantly [54] - The South African gold operations experienced a 22% increase in prices, which positively influenced revenue [82] - The average zinc price for the year was USD 2,805 per tonne, significantly higher than the previous year's price [75] Company Strategy and Development Direction - The company is focused on strategic differentiation and sustainability, emphasizing operational excellence and capital optimization [6][7] - The diversification into battery metals and recycling is a key part of the company's strategy to mitigate risks associated with traditional mining [17][24] - The company aims to enhance its position in Western markets, particularly through strategic metals in North America and Europe [25][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the gold operations' performance due to restructuring benefits and a sustained increase in gold prices [45] - The company acknowledged the challenges posed by declining PGM prices but indicated a positive outlook for future operations [12][15] - Management emphasized the importance of maintaining a strong balance sheet and liquidity to navigate the low PGM price environment [86] Other Important Information - The company has secured significant tax credits in North America, estimated at approximately $2.2 billion for 2023 and $1.6 billion for 2024 [25][26] - A new chrome management agreement with Glencore is expected to optimize value from byproducts and enhance operational synergies [50] - The company is progressing well with the Caliber project, with construction on track and an increase in headcount [66] Q&A Session Summary Question: What are the expectations for gold operations moving forward? - Management expects continued positive output from gold operations into 2025, driven by restructuring benefits and higher gold prices [45] Question: How is the company addressing the challenges in PGM operations? - The company is implementing cost management strategies and restructuring to improve efficiency and reduce costs in PGM operations [48][54] Question: What is the outlook for the recycling business? - The recycling segment is anticipated to grow, with a focus on maintaining access to critical feedstock and leveraging synergies across operations [60]