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SONORO GOLD COMPLETES FINAL CONCESSION PAYMENT AND PROVIDES CORPORATE UPDATE
Globenewswire· 2025-10-30 12:00
Core Points - Sonoro Gold Corp. has completed the final concession payment for its Cerro Caliche gold project in Sonora, Mexico, marking a significant milestone in the company's development efforts [1][2] - The company has acquired a 100% interest in the El Rosario mineral concessions, which represent 30% of the total surface area of the Cerro Caliche project, for a total consideration of US $1.79 million [1][2] - The Cerro Caliche project consists of 15 contiguous mining concessions covering a total area of 1,350.10 hectares, with all financial obligations under the option agreements now fulfilled [3] Financial and Operational Developments - The final installment of US $919,907.71 was paid on October 29, 2025, as part of the Assignment Agreement, which also includes a 2% Net Smelter Returns royalty agreement with the vendor [2] - The company controls 100% of the surface rights for the Cerro Caliche project, having secured an agreement with the owner of the Cerro Prieto Ranch [4] - The project is in the final permitting stage for a proposed open-pit, heap leach mining operation, with over 25 gold mineralized zones identified [5] Management Changes - Salil Dhaumya has resigned as Chief Financial Officer, with Board Member Katharine Regan stepping in as interim CFO until a successor is appointed [6]
Dynacor Begins Plant Shipments to Senegal; Continues Ecuador Integration
Globenewswire· 2025-10-30 11:30
Core Insights - Dynacor Group Inc. is expanding its operations in West Africa and Latin America, aiming to generate over US$1 billion in sales by 2030, representing a more than 250% increase from 2024 sales [1] Recent Progress - **Senegal**: Construction of a 50-tpd pilot plant is on schedule, with initial shipments expected mid-November and ongoing site works including access road and plant area clearing [2] - **Ecuador**: Integration of the subsidiary is progressing in three areas: corporate structure, operational refurbishment, and stakeholder engagement. Key actions include changing the company name, avoiding Foreign Exchange Outflow Tax, and community engagement regarding environmental management [2] - **Ghana**: Formal proposals are being prepared to classify Dynacor's operations correctly within the legal and fiscal framework of the country [2] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, established in 1996. The company emphasizes a responsible mineral supply chain with strict traceability and audit standards [5]
Alamos Gold: Q3 Was A Quarter Of Multiple Records, But Also Lowered Production Guidance
Seeking Alpha· 2025-10-30 11:23
Core Insights - The article discusses investment strategies focused on turnarounds in the natural resource industries, emphasizing a holding period of 2-4 years and a compounded annual growth rate of 34% over the last 7 years [1][2]. Company Overview - Alamos Gold (AGI) is identified as a North American mid-cap gold mining company with operational assets in Canada and Mexico, recognized for its strong operating history [2]. Investment Strategy - The investment approach prioritizes value, aiming for downside protection while still allowing for significant upside potential. The focus is on companies with quality characteristics that are trading at depressed valuations, which mitigates extreme drawdowns common in natural resource investing [1][2].
Mali annuls 90-plus mining exploration permits amid legal changes
Yahoo Finance· 2025-10-30 11:07
Core Points - Mali has cancelled over 90 mining exploration permits due to alleged non-compliance with new legal requirements, affecting subsidiaries of international mining companies [1][2] - The decree, signed on October 13 and reassessed on October 29, releases all rights granted by the permits, making the areas available for reallocation [2] - The Mines Ministry indicated widespread non-compliance with new mining rules as the reason for the cancellations, but did not clarify if companies can appeal or resubmit applications [3] Industry Context - This action reflects a trend in African countries, including Guinea, to reform mining industries by revoking non-compliant permits and enforcing stricter regulations to enhance resource earnings [4] - Mali, a leading gold producer in Africa, is facing regulatory crackdowns and security issues that are hindering foreign investment, with industrial gold production expected to fall short of its 2025 target [5] - The military-led government has strengthened ties with Russia through energy and mining agreements, building on previous Russian-backed initiatives in Mali's mining sector [6]
Halcones Precious Metals Announces Commencement of Legal Process to Secure Surface Access to Polaris Project, Chile
Globenewswire· 2025-10-30 11:00
TORONTO, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”) submitted the required documentation to the civil court of Taltal Chile to initiate the well-established process available to mining companies in Chile to be granted the required surface access to diamond drill the Polaris Project (the “Project” or “Polaris”). The Company has diligently attempted to negotiate a surface access agreement with the surface rights holders for approximately nine ...
Talisker Signs Binding Terms for an Ore Purchase Agreement with Ocean Partners for up to 1,500 tpd
Globenewswire· 2025-10-30 11:00
TORONTO, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce the signing of binding terms for an Ore Purchase Agreement with Ocean Partners UK Ltd (“Ocean Partners”) for up to 1,500 tonnes per day (tpd) and a US$25 million revolving credit facility (the “Agreements”). The revolving credit facility for US$25M will be used for development and working capital for the Bralorne Gold Project as required. The Agreements will be for ...
New Found Gold Expands Dropkick Zone over an 815 m Strike Length: 29.2 g/t Au over 9.25 m and 20.9 g/t Au over 11.10 m
Newsfile· 2025-10-30 10:58
Core Insights - New Found Gold Corp. has announced significant drill results from the Dropkick zone at its Queensway Gold Project, indicating high-grade mineralization and an expanded strike length of 815 meters [1][3][21] - The ongoing exploration drilling program aims to further expand the mineralized footprint, with initial results confirming high-grade gold presence [3][10][21] Drill Results - The latest drilling results include notable intercepts such as 29.2 g/t Au over 9.25 m and 20.9 g/t Au over 11.10 m, showcasing the potential of the Dropkick zone [8][25] - A total of 9,477 meters of drilling across 30 diamond drill holes were completed, with results indicating high-grade mineralization extending to a depth of 285 meters [6][9][21] Exploration Strategy - The exploration focus is on expanding the Dropkick zone along strike and depth, with additional drilling planned to test the extent of high-grade mineralization [10][21][22] - The 2025 drill program encompasses 70,000 meters, with approximately 80% dedicated to the AFZ Core area and 20% to other exploration targets [21][22] Future Plans - Infill drilling is ongoing to convert resources from inferred to indicated status, with completion expected in Q4/25 [22] - An excavation program is underway to validate the geological model and collect detailed analytical information across key zones, with results anticipated soon [23][22] Company Overview - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, a region known for its excellent infrastructure and skilled workforce [44][46] - The company has a solid shareholder base, including significant holdings by Eric Sprott, and is focused on growth and value creation [47]
Meridian Mining Announces Cabacal's Preliminary Licence Approval by Mato Grosso's CONSEMA Council Meeting
Newsfile· 2025-10-30 10:30
Core Insights - Meridian Mining UK S has received unanimous approval for the Preliminary Licence (PL) of the Cabaçal Au-Cu-Ag project from CONSEMA, the Environmental Council for the State of Mato Grosso, following a positive technical opinion from SEMA based on the Environmental Impact Assessment [2][4][8] Licensing and Regulatory Progress - The formal issuance of the Preliminary Licence is underway, with SEMA responsible for publishing the approval in the State of Mato Grosso gazette [3] - The PL is the first of three permitting stages required for the Cabaçal project, with the next step being the Installation License, which will allow construction activities to commence [5] Project Economic Viability - The Cabaçal project has a base case after-tax NPV5 of USD 984 million and an IRR of 61.2%, based on a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months [7] - The project has a low All-in-Sustaining-Cost of USD 742 per ounce of gold equivalent and a production profile of 141,000 ounces of gold equivalent over its life [7] Technical and Environmental Aspects - The technical aspects, environmental feasibility, and social acceptance of the Cabaçal project have been affirmed, contributing to the positive response from CONSEMA [4][8] - The Cabaçal Mineral Reserve estimate includes Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper, and 1.64g/t silver [10]
Australian Small Caps Advance Amid Higher Gold Prices
Seeking Alpha· 2025-10-30 08:30
Group 1 - The article does not provide any relevant content regarding the company or industry [1]
Orosur Mining Inc Announces Operational Update Exploration Footprint Expanding
Accessnewswire· 2025-10-30 07:00
Core Insights - The assays from three holes in the Pepas MRE infill and metallurgical program show promising gold grades, with PEP065 reporting 33.3m at 2.84g/t Au, PEP065B at 33.8m at 2.79g/t Au, and PEP066 (metallurgical hole) at 112m at 5.25g/t Au from surface [1] - Resource consultants are scheduled to be on site next week to initiate the MRE process, indicating a proactive approach towards resource evaluation [1] - Soil geochemistry completed at El Cedro has confirmed high-grade potential, suggesting further exploration opportunities in the area [1]