Workflow
Gold and Silver Mining
icon
Search documents
Contango ORE and Dolly Varden Silver Announce Merger to Create a New North American High-Grade, Mid-Tier Silver & Gold Producer and Developer
Newsfile· 2025-12-08 12:30
Core Viewpoint - Contango ORE and Dolly Varden Silver have announced a merger to create a new North American high-grade, mid-tier silver and gold producer, referred to as MergeCo, which will leverage their complementary asset portfolios and enhance shareholder value [2][4]. Transaction Overview - The merger will be executed on a merger-of-equals basis, with existing shareholders of both companies owning approximately 50% of MergeCo on a fully diluted basis [3][15]. - MergeCo is expected to be renamed Contango Silver & Gold Inc. and will be led by a combined management team from both companies [3][11]. Strategic Rationale - The merger aims to create a well-funded North American asset portfolio, including the cash-flowing Manh Choh gold mine in Alaska and several high-grade silver and gold projects in British Columbia and Alaska [2][4]. - The combined entity will focus on low-capex Direct Shipping Ore (DSO) projects, leveraging existing infrastructure for development [10]. Financial Position - MergeCo will have over US$100 million in cash on hand, only US$15 million in debt, and significant annual cash flow from the Manh Choh gold mine [10]. - The combined market capitalization is expected to be approximately US$812 million (C$1.1 billion), enhancing trading liquidity and institutional ownership [10]. Asset Highlights - Key assets include the Manh Choh Mine, Lucky Shot Mine, Johnson Tract, and Kitsault Valley, all strategically located to support high-grade development [6][7][9]. - The Manh Choh Mine is noted for its high-grade reserves, with gold reserves estimated at approximately 8 grams per tonne and production of 173,400 gold ounces in the first nine months of 2025 [10][19]. Governance and Leadership - The board of directors for MergeCo will include members from both Contango and Dolly Varden, ensuring a diverse governance structure [3][11]. - Leadership will be provided by Rick Van Nieuwenhuyse as CEO, Shawn Khunkhun as President, and Mike Clark as Executive Vice President and CFO [3][11]. Regulatory and Approval Process - The transaction is subject to court approval and requires the affirmative vote of shareholders from both companies at special meetings expected in February 2026 [16][18]. - Major shareholders from both companies, holding approximately 22% of the outstanding shares, have entered into voting support agreements in favor of the merger [17].
Mithril advances La Dura gold-silver property acquisition in Durango, Mexico
Yahoo Finance· 2025-12-08 09:54
Core Insights - Mithril Silver and Gold has executed a purchase option agreement to acquire the La Dura gold-silver property in Durango State, Mexico, which consists of five contiguous mining concessions covering 2,052 hectares [1][3] - The La Dura property is known for its historic mines, including a four-level gold-silver mine with a processing facility capable of handling 60 tonnes per day [2] - The company has secured an exclusive option to acquire a 100% interest in the La Dura concessions for $4 million (A$6.03 million) within a four-year term [3] Acquisition Details - The agreement requires Mithril to maintain the mining concessions in good standing and conduct LiDAR and aerial magnetic surveys within the first year, with the LiDAR survey scheduled for this month and the aerial magnetic survey planned for early 2026 [3][4] - Mithril has committed to a minimum exploration expenditure of $200,000 in the second year, with no additional exploration expenditure requirements beyond this [4] Strategic Importance - The acquisition enhances Mithril's land position near its Copalquin District property, where drilling is currently underway at targets 1 and 5, with target 3 drilling set to begin in January 2026 [4] - The local geology of La Dura is believed to have potential for gold and silver mineralization, and it lies within the same geological locality as the flagship Copalquin property [5][6] - Upcoming surveys will provide an initial assessment of the prospectivity across the 20km² concession area, supporting future detailed mapping, sampling, and drill testing [6]
AMC Entertainment Holdings, Inc. Transfers the Majority of its Equity Investment in Hycroft Mining Holding Corporation to Sprott Mining for a Net Consideration of $24.1 million
Businesswire· 2025-12-05 23:21
Core Viewpoint - AMC Entertainment Holdings, Inc. has completed a transaction to transfer the majority of its equity investment in Hycroft Mining Holding Corporation to Sprott Mining, a private Canadian corporation led by Eric Sprott [1] Group 1: Transaction Details - AMC sold approximately 2.34 million shares of Hycroft common stock as part of the private transaction [1]
Austral Gold Provides 2026 Production Guidance
Newsfile· 2025-12-05 16:59
HIGHLIGHTSConsolidated FY2026 production guidance: 26,000 to 30,000 gold-equivalent ounces (GEOs).Guanaco Mine (Chile): 15,000-17,000 GEOs primarily from the heap-reprocessing project.Casposo Mine (Argentina): 11,000-13,000 GEOs, based on six months of operations using Casposo-owned ore. During the other six months, the Casposo Plant is scheduled to process Hualilan ore under quarterly toll campaigns agreed with Challenger Gold under the toll-processing-agreement.Sydney, Australia--(Newsfile Corp. - Decemb ...
Mithril to Acquire the La Dura Gold-Silver Property Adjacent to its Flagship Copalquin Property, Durango State, Mexico
Thenewswire· 2025-12-05 12:30
Core Viewpoint - Mithril Silver and Gold Limited has executed a Purchase Option to acquire the La Dura gold-silver property in Durango State, Mexico, which is strategically located near its flagship Copalquin property, indicating potential for resource expansion and development [1][2]. Company Overview - Mithril has a strong foundation of knowledge at La Dura, having conducted exploration work on the property in 2017-2018, positioning the company well to unlock value [3]. - The La Dura property consists of 5 contiguous mining concessions covering a total area of 2,052 hectares, located less than 5 km from El Durazno and 20 km from the Copalquin District property [3][5]. Property Details - The La Dura property hosts several historic mines, including a notable 4-level gold-silver mine with a processing facility capable of handling 60 tonnes per day [3]. - The property has a significant historic database of mining records and data from various sampling campaigns conducted from the 1990s to 2018, with the mine last operating in 2013 [3]. Transaction Terms - Mithril has an exclusive option to purchase 100% interest in the La Dura concessions over a period of 4 years for a total payment of US$4 million [3][10]. - The initial payment upon execution of the Purchase Option Agreement is US$25,000 and the issuance of 50,000 ordinary shares, with a structured payment schedule for the remaining amounts [8][9][14]. Exploration Plans - The company is committed to completing LiDAR and aerial magnetic surveys over the property within the first year and a minimum exploration expenditure of US$200,000 in the second year [3][11]. - Upcoming surveys are expected to provide an initial assessment of the prospectivity across the 20 km² concession area, leading to detailed mapping, sampling, and future drill testing [2][3]. Mining District Context - The Copalquin mining district, where La Dura is located, covers an area of 70 km² and contains several historic gold and silver mines, indicating a rich mineralization potential [11]. - The district is part of the Sierra Madre Gold Silver Trend, known for its significant gold and silver deposits, enhancing the strategic value of the La Dura acquisition [12].
REPEAT -- QGold Strengthens Board of Directors with Appointment of Jamsheed Mehta, former Vice-Chair at BMO Capital Markets
Globenewswire· 2025-12-04 12:00
Core Viewpoint - Q-Gold Resources Ltd. has appointed Jamsheed Mehta to its Board of Directors, bringing extensive capital markets experience to the company, which is focused on advancing its exploration and development initiatives, particularly the Quartz Mountain Gold Project [1][2][3]. Management Changes - Jamsheed Mehta has over 35 years of capital markets experience, including a 31-year tenure at BMO Capital Markets, where he held senior leadership roles and was Vice-Chair until 2023 [2][4]. - Scott Moore has been appointed as VP Corporate Development, bringing over 25 years of experience in the resource sector, including previous roles as CEO of Euro Sun Mining Inc. and President of Dacha Strategic Metals [5]. Quartz Mountain Gold Project - The Quartz Mountain Gold Project, located in southern Oregon, is QGold's flagship asset and represents a significant gold development opportunity in a historically productive mining district [6][7]. - The project was acquired from Alamos Gold in Q4 2025 and has a mineral resource estimate of approximately 1,543,000 ounces of gold at a grade of 0.96 g/t and 2,049,000 ounces of silver at a grade of 1.27 g/t within 50,002,000 tonnes in the indicated category [7][8]. - An additional 148,000 ounces of gold at a grade of 0.77 g/t and 135,000 ounces of silver at a grade of 0.70 g/t are included in the inferred category [8]. Strategic Initiatives - QGold has engaged Kappes, Cassiday & Associates to initiate a preliminary economic assessment on the Quartz Mountain Gold Project, indicating a proactive approach to project development [7]. - The company aims to progress its portfolio of gold and silver assets toward production, focusing on resource expansion and responsible environmental stewardship [12].
NEVADA KING COMPLETES PURCHASE OF SILVER PARK PATENTED MINING CLAIMS
Prnewswire· 2025-12-03 11:00
VANCOUVER, BC,Dec. 3, 2025/PRNewswire/ -**Nevada King Gold Corp.**(TSX-V: NKG;OTCQB:[](#financial-modal)[NKGFF](#financial-modal)) ("**Nevada King**" or the "**Company**") is pleased to announce that it has completed the purchase of the Silver Park claims after satisfying the requirements of the option agreement announced in[September 2024](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4571421-1&h=2965585366&u=https://nevadaking.ca/news/nevada-king-announces-acquisition-of-silver-park-option-in-lincoln-cou ...
QGold Resources Engages SLR Environmental to Advance Permitting for Quartz Mountain Gold Project
Globenewswire· 2025-12-01 22:06
Core Viewpoint - Q-Gold Resources Ltd. has engaged SLR Consulting to advance environmental baseline studies and permitting strategies for its Quartz Mountain Gold Project in Oregon, marking a significant milestone in the project's development [1][3][4]. Company Overview - Q-Gold Resources Ltd. is a publicly traded mineral exploration and development company focused on advancing gold and silver projects in mining-friendly jurisdictions across North America [13][14]. - The company's flagship asset is the Quartz Mountain Gold Project, located in southern Oregon, which is strategically positioned in a historically productive mining district with excellent infrastructure access [8][14]. Project Development - The engagement of SLR Consulting will include environmental baseline data collection, permitting strategy development, stakeholder engagement planning, and coordination with regulatory agencies such as the Oregon Department of Geology and Mineral Industries and the U.S. Forest Service [3][4]. - The Quartz Mountain Gold Project was acquired from Alamos Gold Inc. in October 2025, and the initiation of the permitting process follows a preliminary economic assessment and the publication of a mineral resource estimate [4][9]. Mineral Resource Estimate - The mineral resource estimate indicates 1,543,000 ounces of gold at 0.96 g/t and 2,049,000 ounces of silver at 1.27 g/t within 50,002,000 tonnes in the indicated category, along with 148,000 ounces of gold at 0.77 g/t and 135,000 ounces of silver at 0.70 g/t within 5,992,000 tonnes in the inferred category [6][9]. - The deposit is amenable to conventional open-pit mining methods, representing a significant opportunity for Q-Gold to advance its portfolio and unlock long-term value for shareholders [5][9]. SLR Consulting's Role - SLR Consulting is a leading environmental consulting firm with extensive experience in mine permitting across North America, particularly in Oregon's regulatory environment [2][10]. - The firm's established relationships with Oregon regulatory agencies will help Q-Gold efficiently navigate the environmental review and permitting pathway for the Quartz Mountain Gold Project [2][3].
Mithril Gives Exploration Update Including Channel Sample Results up to 4,520 g/t Silver, and 38.2 g/t Gold as Expansion of the District Continues at Copalquin, Mexico
Thenewswire· 2025-12-01 12:30
 Melbourne, Australia and Vancouver, Canada – TheNewswire - December 1, 2025 - Mithril Silver and Gold Limited ("Mithril” or the "Company") (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) is pleased to provide an exploration update over multiple targets at the district scale Copalquin property, Durango State, exico. Channel sampling across multiple district targets continues to deliver high-grade gold and silver with highlights including:  0.50 m @ 16.8 g/t gold, 625 g/t silver (Target 1 West– El Gallo) 0.65 m @ 1 ...
Highlander Silver Reports Record Results and New Discovery: 23.9m at 20.82 g/t Gold and 31.53 g/t Silver and 23.4m at 11.70 g/t Gold and 26.10 g/t Silver in Shallow Drilling
Globenewswire· 2025-12-01 12:00
TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Highlander Silver Corp. (TSX: HSLV; “Highlander Silver” or the “Company”) is pleased to report exceptional assay results from shallow drilling at its expanding Bonita vein system. These results include the highest grades reported to date and the discovery of a new zone in step-out drilling over 200m northwest of prior holes along trend. The Bonita vein system is exposed along a ridgeline approximately 10km to the south of the bonanza grade Ayelen deposit at the San ...