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DENARIUS METALS FILES 2025 ANNUAL FILINGS ON SEDAR+
Prnewswire· 2026-04-01 02:50
Core Viewpoint - Denarius Metals Corp. has filed its audited consolidated financial statements, management's discussion and analysis (MD&A), and Annual Information Form (AIF) for the year ended December 31, 2025 [1] Financial Statements - The financial documents are available on the company's website and SEDAR+ [1]
Intrepid Metals Announces Leadership Transition Following Strategic Validation and Positions Company for Next Phase of Growth
TMX Newsfile· 2026-03-30 11:00
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2026) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") announces a leadership transition following a period of significant advancement and strategic validation.Mr. Mark J. Morabito, Founder of the Company and its Chairman and Chief Executive Officer, will step down from his roles. Mr. Morabito will be succeeded by Mr. Matt Lennox-King, who will join the Board of Directors and assume the role of Interim Chief Executive ...
Hudbay Provides Annual Reserve and Resource Update with Mine Life Extensions and Improved Three-Year Production Outlook
Globenewswire· 2026-03-27 11:00
Core Viewpoint - Hudbay Minerals Inc. has released its annual mineral reserve and resource update, along with a new three-year production guidance, indicating a significant increase in copper and gold production driven by exploration initiatives and operational improvements [1][2]. Group 1: Mineral Reserves and Resources - Current mineral reserve estimates total 488 million tonnes at 0.24% copper, containing approximately 1.2 million tonnes of copper, with an expected mine life extending to 2040 for the Constancia operation [4][7]. - The expected mine life for Snow Lake has been extended by four years to 2041, with average annual gold production expected to be 190,000 ounces over the next three years [14][16]. - Current mineral reserves in Snow Lake total 19.6 million tonnes with approximately 1.9 million ounces of gold, reflecting a significant increase in reserves due to high-grade resource conversions [14][15]. Group 2: Production Guidance - Consolidated copper production is expected to average 147,000 tonnes per year over the next three years, a 24% increase from 2025 production levels [53]. - For 2027 and 2028, consolidated copper production is projected to average 159,000 tonnes per year, representing a 28% increase from expected 2026 production [53][54]. - Consolidated gold production is expected to average 243,000 ounces per year over the next three years, reflecting a decrease of 9% from 2025 levels due to the depletion of the high-grade Pampacancha deposit [53][55]. Group 3: Operational Improvements - The Constancia operation is expected to increase mill throughput rates to over 90,000 tonnes per day starting in the second half of 2026, supported by the installation of two pebble crushers [4][54]. - The Copper Mountain mine's production is expected to average approximately 48,000 tonnes of copper and 35,000 ounces of gold over the next three years, with operational optimization initiatives underway [47][56]. - The New Britannia mill is expected to continue operating above 2,200 tonnes per day, significantly exceeding its original design capacity, contributing to strong gold production levels [55]. Group 4: Exploration Initiatives - Hudbay is executing a large exploration program in Snow Lake, focusing on near-mine exploration to increase production and mineral reserves, as well as testing regional satellite deposits [30][31]. - The company has increased its land package in Snow Lake by over 250% through the acquisition of Rockcliff Metals Corp., enhancing its portfolio of regional deposits [33][35]. - The Talbot deposit is undergoing extensive drilling to expand its resource base and support a pre-feasibility study aimed at upgrading mineral resources to reserves [35][36]. Group 5: Project Developments - The Copper World project in Arizona is advancing towards a sanctioning decision in 2026, with Hudbay holding a 70% interest following a joint venture transaction with Mitsubishi [59][60]. - The project includes the East deposit and new deposits defined after an expanded drill program, with key state permits already received for development [60].
Stonegate Capital Partners Updates Coverage on Heliostar Metals Ltd (HSTR) 3Q26
TMX Newsfile· 2026-03-26 13:41
Core Insights - Heliostar Metals Ltd is advancing its Ana Paula project in Guerrero, which is its primary development asset and a major growth source [1] - The November 2025 Preliminary Economic Assessment (PEA) indicates a nine-year underground mine with an annual production of 101.1 koz of gold, cash costs of $923/oz, and an all-in sustaining cost (AISC) of $1,011/oz [1] - At a gold price of $2,400/oz, the PEA projects an after-tax NPV5 of $426.0 million and an IRR of 28.1% [1] Development and Exploration - The company is actively engaged in reserve conversion and expansion drilling, with recent results from the Expansion Zone showing 25.45m at 8.26 g/t gold, including 8.30m at 19.99 g/t [1] - Mineralization remains open to the north, northwest, and at depth, indicating potential for further resource expansion [1] - Management is progressing with a Feasibility Study expected in the first half of 2027 and plans to continue development of the existing 412-meter decline in 2026, targeting first production in the second half of 2028 [1] Financial Overview - For 2026, the company is guiding production of 50-55 koz and expects to exit 2025 with $40.6 million in cash, alongside a $27 million exploration program funded from mine cash flow [6] - Heliostar is building multi-asset growth optionality, with Cerro del Gallo projected to have a $424 million NPV5 and a 33.1% IRR [6] - The Goldstrike project adds significant U.S. optionality, with a 2018 PEA indicating an average annual output of approximately 95 koz, initial capex of $113.2 million, an after-tax NPV5 of $129.5 million, and an IRR of 29.4% at a gold price of $1,300/oz [6]
Coeur Mining (CDE) Acquires New Gold Through a Subsidiary
Yahoo Finance· 2026-03-26 05:55
Group 1 - Coeur Mining Inc. has acquired all outstanding common shares of New Gold Inc. through a wholly owned subsidiary, following a previously established plan of arrangement [1][2] - New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share owned, and New Gold's shares will be delisted from the Toronto Stock Exchange and NYSE American after the transaction is finalized [2] - Coeur Mining operates primarily in the exploration of metals such as gold, silver, and zinc, with operations based in the U.S., Canada, and Mexico [4] Group 2 - Analyst Joe Reagor from Roth Capital maintained a Buy rating on Coeur Mining and raised the target price from $23 to $29, citing mixed but overall strong fourth-quarter results and higher gold and silver prices as positive factors [3]
Go Metals Announces Mutual Termination of Option Agreement
TMX Newsfile· 2026-03-26 00:25
Core Viewpoint - Go Metals Corp. has mutually agreed with Flow Metals Corp. to terminate the option agreement for the Monster IOCG project, indicating a strategic shift in priorities for both companies [1][2]. Group 1: Termination of Option Agreement - The Option Agreement, originally dated February 9, 2026, has been terminated as part of ongoing reviews of strategic priorities and opportunities by both parties [2]. - No shares, cash, or other consideration were issued or paid under the Option Agreement, and the option was not exercised [3]. Group 2: Company Strategy and Projects - Go Metals continues to focus on innovation and responsible exploration practices, particularly in mining-friendly jurisdictions [4]. - The company's project portfolio includes base metal projects in Quebec, such as KM98 (Ti/V/Fe), HSP (Ni/Cu), and Oriole (Ni/Cu) [4].
Eldorado Gold Announces Leading, Independent Proxy Advisory Firm, ISS, Recommends Eldorado Shareholders Vote “FOR” the Proposed Arrangement with Foran Mining; Shareholders Reminded to Vote
Globenewswire· 2026-03-25 19:13
Core Viewpoint - Eldorado Gold Corporation has received a recommendation from Institutional Shareholder Services (ISS) to approve the issuance of shares in connection with the proposed acquisition of Foran Mining Corporation, which is expected to enhance Eldorado's long-term growth profile [1][4]. Group 1: Transaction Details - The special meeting for Eldorado shareholders to vote on the Eldorado Share Issuance Resolution is scheduled for April 7, 2026 [2]. - Under the proposed arrangement, Eldorado will acquire all issued and outstanding Foran common shares, with each Foran shareholder receiving 0.1128 of an Eldorado share and CAD$0.01 in cash for each Foran share held [3]. - Upon completion of the arrangement, Foran will become a wholly-owned subsidiary of Eldorado [3][7]. Group 2: Recommendations - ISS has recommended that shareholders vote in favor of the Eldorado Share Issuance Resolution, highlighting the merits of the transaction [4]. - Eldorado's Board of Directors unanimously supports the resolution and encourages shareholders to vote early [5][7]. Group 3: Strategic Rationale - The transaction aligns with Eldorado's strategic goals and is expected to strengthen its growth profile through a disciplined and value-focused combination with Foran [7]. - Independent fairness opinions were obtained to support the transaction [7]. Group 4: Shareholder Engagement - Shareholders are encouraged to vote as early as possible, with a proxy voting deadline set for April 2, 2026 [6]. - Assistance for voting and questions can be directed to Laurel Hill Advisory Group [6][8]. Group 5: Company Overview - Eldorado Gold is a producer of gold and base metals with operations in Canada, Greece, and Türkiye, known for its skilled workforce and high-quality asset portfolio [9].
Early entry, outsized upside: Why it’s time to leverage silver’s breakout investment
The Market Online· 2026-03-24 22:00
Industry Overview - Global demand for silver is surging, with a structural deficit between supply and demand persisting for six years, driving prices to record highs, projected to reach $81 by mid-March 2026 [2] - Silver is essential for various sectors, including electronics, transportation, and sustainability, powering devices and contributing to renewable energy solutions [3][4] Company Insights - New Pacific Metals is positioned as a significant future supplier of silver, owning two major undeveloped silver projects in Bolivia, currently in the technical work, development, and permitting phase [6] - The Silver Sand project in Bolivia has the potential to yield around 12 million ounces of silver annually, while the Carangas project could produce approximately 6.5 million ounces, together potentially matching or exceeding output from established global producers [9][10] Market Dynamics - Bolivia is the world's fourth-largest silver-producing country, with an output of 42 million ounces in 2023 and 2024, and the government is encouraging foreign investment to enhance mining operations [7][8] - The combination of high demand and limited supply creates a favorable environment for new mining investments, particularly in junior mining companies [5][11] Strategic Partnerships - Major shareholders of New Pacific Metals include Silvercorp and Pan American Silver, providing strategic and technical support, which enhances confidence in the projects [13] - The company aims to achieve full permitting by early 2028, focusing on sustainability and community engagement as part of its operational strategy [12]
CANEX Metals Announces the Numbers of Gold Basin Shares Taken up by Canex Metals
Accessnewswire· 2026-03-20 11:30
Core Viewpoint - CANEX Metals Inc. has revised the number of Gold Basin Shares it has taken up due to deficiencies identified in certain tenders, resulting in a lower percentage of shares acquired than initially reported [1][2][3]. Group 1: Share Acquisition Details - The original announcement indicated that 73,026,822 Gold Basin Shares, or 54.04% of the total issued shares, were validly deposited under the Offer [3]. - The corrected figure shows that CANEX took up 70,088,199 Gold Basin Shares, representing 51.86% of the issued shares, and issued 41,492,194 common shares of CANEX to Gold Basin shareholders [3]. Group 2: Issues with Tender Process - The revision was necessitated by deficiencies in the tender process, including delays caused by Gold Basin's lack of a transfer agent at the time of the Offer's expiry [2]. - CANEX is working with Gold Basin shareholders who made deficient deposits to assist them in obtaining replacement share certificates or proper estate transfer documentation [4]. Group 3: Company Overview - CANEX Metals is a Canadian junior exploration company focused on its 100% owned Gold Range Project in Northern Arizona, which has shown promising gold discoveries [6]. - The company has acquired a controlling interest in Gold Basin Resources Corporation, which is adjacent to the Gold Range Project, and is working towards a full combination to enhance the potential of the gold district [6].
Barksdale Announces Closing of Crescat Private Placement
TMX Newsfile· 2026-03-19 21:37
Core Viewpoint - Barksdale Resources Corp. has successfully closed a private placement with Crescat Capital LLC, raising gross proceeds of $763,024.41 through the issuance of 8,478,049 common share units priced at $0.09 per unit [2][4]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.15 for two years [3]. - The offering was initially announced on March 10, 2026, and all securities are subject to a statutory hold period of four months and one day from issuance [4]. - No finder's fee was payable in connection with the offering [3]. Group 2: Crescat Capital's Role - Crescat's participation in the offering is classified as a "related party transaction" under Multilateral Instrument 61-101, exempting it from formal valuation and minority shareholder approval requirements [5]. - The value of securities acquired by insiders did not exceed 25% of the company's market capitalization, qualifying for the exemption [5]. Group 3: Company Overview - Barksdale Resources Corp. aims to enhance long-term shareholder value through strategic acquisition, exploration, and advancement of critical, base, and precious metal projects across the Americas [7]. - The company focuses on metals essential for global energy transition and modern infrastructure, particularly copper, zinc, and other critical minerals [7][8]. - Barksdale is positioned to play a significant role in meeting future resource needs with a commitment to responsible growth [8].