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Barrick Mining (NYSE:GOLD) 2025 Earnings Call Presentation
2025-09-16 14:50
Cautionary Statement on Forward-Looking Information… Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "expect", "target", "plan", "guidance", "ramp up", "on track", "project", "continue", "additional", "growth", "expand", "potenti ...
Highland Copper Receives Letter of Interest from Export-Import Bank of the United States for Up to US$250 Million Debt Financing to Advance Copperwood Project
Globenewswire· 2025-09-16 11:30
Core Viewpoint - Highland Copper Company has received a non-binding Letter of Interest from the Export-Import Bank of the United States for potential debt financing of up to US$250 million to support the development of its Copperwood Project in Michigan [1][3]. Group 1: Project Details - The Copperwood Project is one of the few U.S. copper projects with all major permits in place and a completed feasibility study, with an estimated initial capital requirement of US$400 million [2]. - The project is positioned for a near-term construction decision as Highland advances detailed engineering [2]. Group 2: Financial Aspects - The potential debt financing from EXIM could cover a significant portion of the project's costs, with a repayment term potentially extending to 11 years [7]. - The financing is contingent upon the submission of a formal application and meeting EXIM's underwriting criteria [7]. Group 3: Strategic Importance - The Copperwood Project is strategically important for strengthening the U.S. supply chain for critical minerals and is expected to provide a reliable domestic source of copper [3]. - The project is aligned with Michigan's stringent environmental standards, supporting the local economy [3]. Group 4: Company Overview - Highland Copper Company is focused on exploring and developing copper projects in the Upper Peninsula of Michigan and owns the Copperwood deposit through long-term mineral leases [4]. - The company has 736,363,619 common shares issued and outstanding, listed on the TSX Venture Exchange under the symbol "HI" and trading on the OTCQB under "HDRSF" [4].
First Quantum Minerals: A Copper Play Poised for a Rebound
Yahoo Finance· 2025-09-16 10:45
Core Insights - First Quantum Minerals, a major copper producer, has experienced a significant decline in share price, dropping over 30% since July 28, 2023, primarily due to the shutdown of its Cobre Panama mine, which previously accounted for 40% of its revenue [2][8] - Despite this setback, the company may present a buying opportunity for investors, as copper supply remains tight and discussions regarding the Cobre Panama mine's future are ongoing [3][8] Company Overview - First Quantum Minerals generates revenue primarily through copper mining, with copper constituting over 80% of its total revenue. The company also mines nickel and gold, but copper is critical to its operations [5][7] - Prior to the Cobre Panama shutdown in 2022, First Quantum produced nearly 776,000 tonnes of copper, resulting in C$7.3 billion in revenue [6] - The company operates multiple mines across Zambia, Australia, and Spain, with mines like Kansanshi and Sentinel in Zambia continuing to produce copper, which helps mitigate the impact of the Cobre Panama closure [7][8] Market Context - The closure of the Cobre Panama mine has removed 1.5% of global copper supply, significantly impacting First Quantum's market capitalization [9] - The demand for copper is expected to rise due to its essential role in electric vehicles, renewable energy, and AI-driven infrastructure, suggesting potential upside for First Quantum's stock as it trades at a discount compared to peers [8]
Red Canyon Commences Kendal Ridge Targeted Drill Program
Thenewswire· 2025-09-16 10:30
Core Insights - Red Canyon Resources Ltd. has initiated diamond drilling at its 100% owned Kendal copper project in British Columbia, focusing on value-driven exploration for copper and copper-gold resources in North America [1][18] - The Kendal project is characterized as a large-scale hydrothermal system with potential multiple copper porphyry centers, covering an area of 4 km by 3 km [1][15] - The 2025 drilling program will primarily target the Kendal Ridge area, which is identified as the most advanced target within the Kendal system [1][3] Company Highlights - Wendell Zerb, Chairman and CEO, emphasizes the significant scale of the Kendal system and its proximity to essential infrastructure, which could enhance project economics [1] - The company controls a portfolio of seven 100%-owned copper and copper-gold projects in British Columbia and the Western United States [3] Kendal Project Details - The Kendal project consists of eight mineral claims totaling 3,582 hectares, located approximately 25 km northeast of Terrace, British Columbia [2] - Excellent infrastructure includes four highways, hydroelectric power, rail corridors, and port facilities about 120 km away at Prince Rupert [2] Drilling Program - The planned drilling program includes up to 8 drill holes totaling approximately 2,500 meters, focusing on the Kendal Ridge area [3][4] - Previous drilling in 2024 revealed a large-scale hydrothermal system with low-grade copper and molybdenum mineralization, indicating the potential for a significant copper center [3][15] - The 2025 program will utilize findings from expanded lithogeochemical studies and a MobileMT geophysical survey to optimize drilling locations [3][7] Geological Insights - The Kendal Ridge area is modeled within a broad zone of potassic alteration, suggesting that copper mineralization may be close to the surface [3][15] - Recent fieldwork has identified B veins in the Kendal Ridge area, extending the known potassic alteration footprint over a minimum strike length of 1.5 km [16] Financing and Future Plans - On August 26, 2025, the company announced a non-brokered private placement to raise up to C$2,200,000, with participation from a multinational mining company [17] - The financing is expected to close on September 18, 2025, supporting ongoing exploration efforts [17]
XXIX Closes Its Acquisition of 19.9% of Kintavar Exploration
Newsfile· 2025-09-16 10:00
Core Viewpoint - XXIX Metal Corp. has successfully completed the acquisition of a 19.9% stake in Kintavar Exploration Inc. through the sale of the Roger Project for $2,137,500, positioning itself to benefit from Kintavar's future developments in the Chibougamau mining district [1][2][7]. Company Overview - XXIX Metal Corp. now holds 42,750,000 shares in Kintavar, representing approximately 19.97% of the issued shares, without incurring any dilution [6][19]. - The company aims to monetize its Kintavar shares opportunistically, similar to its previous successful strategy with Baselode Energy, which raised $7.85 million [6][7]. Kintavar Exploration Inc. - Kintavar, now fully owning the Roger Project, is focusing on developing the asset with a new strategy under the leadership of Peter Cashin, supported by $3.8 million in cash and investments [2][3]. - The Roger Project has a historical mineral resource estimate indicating an indicated resource of 10.9 million tonnes at 0.85 g/t gold, 0.80 g/t silver, and 0.06% copper, and an inferred resource of 6.569 million tonnes at 0.75 g/t gold, 1.18 g/t silver, and 0.11% copper [3][4]. Future Plans and Projects - Kintavar is evaluating historical data from the Roger Project, which shows potential for volcanic-hosted massive Cu-Zn-Au-Ag sulphide deposits [4]. - Kintavar has a portfolio of 17 projects across Quebec, including the Mitchi Project with a measured and indicated resource of 2.99 million tonnes at 0.4% copper and 4 g/t silver [5]. - XXIX is planning a 5,000-metre drill program at the former Cooke gold mine area and a 15,000-metre drill program at the K1 deposit at Thierry, aimed at expanding the resource base [9][10]. Upcoming Catalysts - XXIX is set to complete its maiden Preliminary Economic Assessment (PEA) on the Opemiska Project in October 2025, focusing on maximizing project value [8].
X @Bloomberg
Bloomberg· 2025-09-16 06:37
Anglo American signs an agreement with Chile’s state copper company Codelco to jointly develop their adjacent mines near Santiago in a bid to boost production without major investments https://t.co/UkpIue8b7I ...
Kenadyr Metals Closes First Tranche of Subscription Receipt Financing
Newsfile· 2025-09-16 00:30
Company Overview - Kenadyr Metals Corp. is set to be renamed Algo Grande Copper Corp. and is focused on high-grade copper exploration in the Sonora-Arizona Copper Belt, a region known for its productivity comparable to Chile's Andean Belt [6]. - The company is acquiring the Adelita Project, which features the Cerro Grande skarn, a high-grade, near-surface Cu-Au-Ag system located in Sonora, Mexico [7]. Financial Details - The first tranche of a non-brokered private placement has closed, involving 6,034,036 subscription receipts priced at $0.375 each, resulting in gross proceeds of $2,262,763.50 [1]. - Cash finder's fees of $102,865.09 were paid, along with the issuance of 274,307 finder's warrants, each exercisable for an additional common share at the same price of $0.375 [3]. Project and Use of Proceeds - Proceeds from the offering will be held in escrow and, upon release, will be allocated to payment obligations and exploration expenditures related to the Adelita Project, as well as for general working capital [2]. - The Adelita Project has over 7,000 meters of historical drilling and extensive geophysical data, with plans to utilize AI-assisted 3D geophysical modeling to refine drill targets [7]. Regulatory and Approval Status - The offering is subject to the approval of the TSX Venture Exchange (TSXV) [5]. - Each subscription receipt will convert into one common share upon meeting certain escrow release conditions, including the completion of the proposed transaction and TSXV approval [2].
Horizon Copper Announces Filing and Mailing of Meeting Materials for the Special Meeting of Securityholders on October 9, 2025
Prnewswire· 2025-09-15 12:46
Core Viewpoint - Horizon Copper Corp. is proposing a special resolution for a transaction where Royal Gold, Inc. will acquire all issued and outstanding Horizon Shares and Warrants, offering C$2.00 per share, which represents significant premiums over recent trading prices [3][5]. Meeting Details - The special meeting for Securityholders is scheduled for October 9, 2025, at 8:00 a.m. Vancouver time, with a record date of September 8, 2025, for eligible voters [2]. Transaction Overview - The proposed Arrangement involves Royal Gold acquiring Horizon Shares and Warrants, with Shareholders receiving C$2.00 per share, implying an 85% premium to the 20-day volume weighted average trading price and a 72% premium to the closing price on July 4, 2025 [3][5]. - The all-cash transaction is valued at approximately US$196 million [3]. Board Recommendation - The Board of Directors, following a unanimous recommendation from an independent special committee, supports the Arrangement, stating it is in the best interests of Securityholders [4]. Strategic Rationale - The Arrangement offers significant value due to the high premium over recent trading prices, immediate liquidity, and reduced long-term business risks [5]. - The all-cash offer eliminates financing conditions, providing certainty of value for Securityholders [5]. Voting Information - Securityholders are encouraged to vote in favor of the Arrangement Resolution, with the proxy voting deadline set for October 7, 2025, at 8:00 a.m. Vancouver time [6].
Gladiator Identifies New Skarn and Intrusive Related Copper-Gold Mineralization in First Drilling at Valerie and Little Chief
Newsfile· 2025-09-15 11:00
Core Insights - Gladiator Metals Corp. has identified new copper-gold mineralization at the Valerie and Little Chief prospects through initial drilling targeting gravity anomalies [1][3] - The drilling results indicate multiple zones of mineralization associated with intrusive systems, suggesting the presence of copper-porphyry systems within the Whitehorse Copper Belt [4][8] Drilling Results - The first drilling at Valerie intersected significant copper mineralization, including 15.8m at 0.85% Cu in a chalcopyrite-veined intrusive [8][19] - At Little Chief, notable gold mineralization was found, with results including 1m at 13.35 g/t Au and 1m at 7.64 g/t Au [8][25] - Drilling has confirmed high levels of chalcopyrite mineralization in a brecciated section of the intrusive at Little Chief, with assays pending [8][23] Exploration Strategy - An additional rig is being mobilized to expedite exploration in the Valerie and Little Chief areas, increasing the total to four rigs [5] - The company is fully funded for significant exploration activities until the end of 2026, following a recent financing of $22.5 million and an existing treasury of $8 million [5] Historical Context - The Little Chief area was historically significant, producing 10.5 million tons at 1.5% Cu and 0.75 g/t Au from 1967 to 1982 [9][36] - The Valerie trend lies approximately 500m west of Little Chief and has been confirmed and extended by geophysical surveys [9] Future Plans - Gladiator plans to establish a framework for further drilling to map alteration and geochemical vectors indicative of potential porphyry-style mineralization [31][32] - The ongoing drilling program at Cowley Park has been extended to 48,000m, targeting high-grade copper skarns throughout the Whitehorse Copper Belt [33][42]
Gunnison Copper Reports Positive Results from Initial Mineral Sorting "High-Value-Add" Work Program at the Gunnison Copper Project in Southeast Arizona
Newsfile· 2025-09-15 10:30
Core Viewpoint - Gunnison Copper Corp. has reported positive results from its initial mineral sorting test program at the Gunnison Copper Project, indicating a significant reduction in acid consumption while maintaining copper recovery, which could enhance the project's economic viability [1][2]. Summary by Relevant Sections Initial Mineralized Material Sorting Results - The sorting tests revealed that 57% of the sample was sorted to mineralized material, while 43% was sorted to waste [3]. - The total copper grade for all materials was 0.35%, with sorted mineralization showing a higher grade of 0.62% [4]. Waste Reduction and Acid Consumption - Over 90% of the internal acid-consuming waste was successfully removed from the mineralized material using optical mineral sorting equipment [5]. - The sorted material is expected to require up to 4 times lower acid consumption due to the removal of high-acid-consuming waste [5]. Copper Recovery - Less than 1% of total copper was lost to waste during the sorting process, ensuring strong copper recovery and protecting revenue [5]. Future Steps and Economic Impact - If further tests confirm initial results, approximately 40% of the mined Martin Formation could be removed as internal waste, potentially doubling the process head grade and significantly reducing operating costs [6]. - The company plans to incorporate these results into an updated preliminary economic assessment (PEA) expected in the first quarter of 2026 [9]. Project Overview - The Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [10]. - The preliminary economic assessment indicates a net present value (NPV) of $1.3 billion, an internal rate of return (IRR) of 20.9%, and a payback period of 4.1 years [10].