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Nexa Resources Reports Adjusted EBITDA Growth in Solid 2Q25 Performance
Newsfile· 2025-07-31 20:23
Nexa Resources Reports Adjusted EBITDA Growth in Solid 2Q25 PerformanceJuly 31, 2025 4:23 PM EDT | Source: Nexa ResourcesAdjusted EBITDA reached US$161 million, up 29% quarter-over-quarter, supported by higher smelting sales volume, stronger by-products sales volume and improved prices for copper, lead, silver and gold.Net income of US$13 million, reflecting operational improvements and strategic discipline.Cerro Pasco Integration Project advanced with construction permits for Phase I (Atacoch ...
MetalQuest Mining Completes Oversubscribed Private Placement
Thenewswire· 2025-07-31 10:45
  July 31, 2025 – TheNewswire - Vancouver, BC – MetalQuest Mining Inc. (TSX.V: MQM; OTCQB: MQMIF) (“MQM” or “Company”) is pleased to announce that further to its news release of June 24, 2025 it has completed a non-brokered private placement and will issue a total of 7,389,943 units (“Unit”) raising $517,296 (“Offering”), subject to final TSX Venture Exchange approval. Each Unit consisted of one common share and one non-transferable share purchase warrant (“Warrant”), with each Warrant entitling the holder ...
Ivanhoe Mines Issues 2025 Second Quarter Financial Results, Overview of Construction and Exploration Activities
Newsfile· 2025-07-30 20:43
Core Insights - Ivanhoe Mines reported a Q2 2025 profit of $35 million and adjusted EBITDA of $123 million, with Kamoa-Kakula contributing $128 million to EBITDA [1][9] - Kamoa-Kakula produced 112,009 tonnes of copper in Q2 2025, operating at 85% design capacity for Phases 1 and 2, and 30% above design capacity for Phase 3 [1][37] - The company is advancing its dewatering efforts at Kakula Mine, with Stage One completed and Stage Two set to commence imminently [1][49] - The startup of Africa's largest and greenest copper smelter is on schedule for September 2025 [1][68] - Recent increases in platinum and palladium prices have improved the net present value of the Platreef project by over 20% to approximately $3.8 billion [1][9] Financial Performance - Q2 2025 adjusted EBITDA was $123 million, down from $226 million in Q1 2025; profit after tax was $35 million compared to $67 million in Q2 2024 [9][1] - Kamoa-Kakula sold 101,714 tonnes of copper at an average realized price of $4.34/lb, with revenue of $875 million for the quarter [9][1] - The cost of sales per pound of payable copper sold increased to $2.85/lb in Q2 2025 from $1.87/lb in Q1 2025 [11][9] - Kamoa-Kakula's cash cost (C1) per pound of payable copper produced averaged $1.89/lb, up from $1.69/lb in Q1 2025 [11][9] Operational Highlights - Kamoa-Kakula's concentrators milled 3.62 million tonnes of ore in Q2 2025, producing 112,009 tonnes of copper, an 11% increase compared to Q2 2024 [37][9] - The Phase 3 concentrator achieved a record production of 40,608 tonnes of copper, operating at an annualized rate of 6.5 million tonnes, 30% above design capacity [46][12] - Kipushi operations sold 43,348 tonnes of zinc, up nearly 45% from Q1 2025, with a revenue of $97 million [11][9] - Platreef's Phase 1 project is nearing completion, with first ore feed expected in Q4 2025 [12][8] Project Development - The Kamoa-Kakula copper smelter is expected to start operations in September 2025, processing concentrates from all phases of the mine [68][1] - The company is targeting to provide an update on Kamoa-Kakula's recovery plan and ramp-up to steady-state operations by September 2025 [12][1] - The Platreef project is projected to be the lowest-cost primary platinum-group-metals producer globally, with a Phase 2 expansion expected to produce over 460,000 ounces of platinum, palladium, rhodium, and gold annually [12][8] Exploration Activities - Ivanhoe Mines is expanding the Makoko District copper discovery and exploring for new sedimentary-hosted copper discoveries across its extensive license areas in DRC, Angola, Zambia, and Kazakhstan [3][2] - The company has completed 86,000 meters of diamond drilling in the Makoko District, doubling the total copper contained in the area [16][3] - Drilling activities in Kazakhstan commenced in July 2025, with two rigs deployed for a 17,500-meter maiden diamond drilling program [16][3]
Teck(TECK) - 2025 Q2 - Earnings Call Transcript
2025-07-24 16:02
Teck Resources (TECK) Q2 2025 Earnings Call July 24, 2025 11:00 AM ET Company ParticipantsEmma Chapman - VP - IRJonathan Price - President & CEOCrystal Prystai - EVP & CFOMatthew Murphy - MD - Equity ResearchIan Anderson - EVP & Chief Commercial OfficerBill Peterson - Equity ResearchConference Call ParticipantsOrest Wowkodaw - Managing Director & Senior Research AnalystCarlos de Alba - Equity Research AnalystCraig Hutchison - Mining Equity Research AnalystMyles Allsop - Mining Research AnalystChris LaFemina ...
Teck(TECK) - 2025 Q2 - Earnings Call Transcript
2025-07-24 16:00
Teck Resources (TECK) Q2 2025 Earnings Call July 24, 2025 11:00 AM ET Speaker0Ladies and gentlemen, thank you for standing by. Welcome to Teck's Second Quarter twenty twenty five Earnings Release Conference Call. At this time, all participants are in listen only mode. Later, we will conduct a question and answer session. Question This conference call is being recorded on Thursday, 07/24/2025.I would now like to turn the conference over to Emma Chapman, Vice President, Investor Relations. Please go ahead.Spe ...
Osisko Metals Gaspé Copper Project Intersects 645 Metres Averaging 0.28% Cu
Globenewswire· 2025-07-22 10:00
New Drilling Returns Longest Continuous Intercept to Date of 853 Metres Averaging 0.20% Cu, 1.43 g/t Ag, and 0.02% Mo (0.30% CuEq)MONTREAL, July 22, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Osisko Metals Chief Executive Officer Robert Wares commented: “These new results underscore the overall large-s ...
Pasinex Resources Announces a Non-Brokered Private Placement
Globenewswire· 2025-07-15 15:03
Core Viewpoint - Pasinex Resources Limited is conducting a non-brokered private placement to raise approximately CDN $2,150,000 for the acquisition of the Sarikaya mine property in Türkiye, with initial investor commitments of about CDN $500,000 received to date [1][2]. Group 1: Offering Details - The private placement will offer common shares at a price of CDN $0.075 per share, with a minimum subscription amount of CDN $15,000 for accredited investors [1][3]. - The offering is expected to close on or about July 31, 2025, pending regulatory approvals and customary closing conditions [4]. - Shares issued will be subject to a statutory hold period of four months from the date of issuance in accordance with Canadian securities laws [4]. Group 2: Use of Proceeds - The net proceeds from the private placement will primarily be used to complete the purchase of the Sarikaya mine property, which has been previously announced [2]. - The acquisition of Sarikaya is seen as a strategic move to enhance the company's portfolio of high-grade zinc exploration and mining properties [6][9]. Group 3: Company Overview and Strategy - Pasinex Resources Limited focuses on high-grade zinc mining, with existing operations in Türkiye and Nevada, and aims to leverage its experience to drive growth and profitability [10]. - The company has a strong track record in mining high-grade zinc, with grades ranging from 25% to 50% in Türkiye and 14% to 24% in Nevada, demonstrating economic strength and high after-tax margins [6][10]. - The Sarikaya project is highlighted as a top priority, with secured exploration and mining permits and existing infrastructure that supports immediate mining operations [8][10].
Pasinex Announces Closing of Shares for Debt Settlement
Globenewswire· 2025-07-10 11:00
Core Viewpoint - Pasinex Resources Limited has issued 28,766,306 common shares to creditors in exchange for C$2,157,473 of outstanding debt, aiming to improve its financial position by reducing liabilities [1][2]. Group 1: Shares for Debt Transaction - The Shares for Debt Transaction involves the issuance of Settlement Shares at a price of $0.075 per share, in compliance with Canadian Securities Exchange policies [1]. - All Settlement Shares will be subject to a four-month hold period from the closing date under applicable Canadian securities laws [2]. Group 2: Related Party Transaction - The issuance of Settlement Shares to certain creditors constitutes a related party transaction, as 151 Ontario is controlled by the Company's Chairman, Larry Seeley, and Joachim Rainer is a Director [3]. - The Company is relying on exemptions from valuation and minority shareholder approval requirements, as neither the fair market value of the Settlement Shares nor the Debt exceeds 25% of the Company's market capitalization [3]. Group 3: Company Overview - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, owning 50% of a producing high-grade zinc mine in Türkiye and holding a 51% interest in a high-grade zinc exploration project in Nevada [4]. - The Company has recently secured an option to acquire a 100% interest in a lead-zinc operating license in Türkiye, indicating potential for near-term profitability and major zinc discoveries [4]. - Pasinex is led by a seasoned management team with extensive experience in mineral exploration and mine development, focusing on high-grade ore extraction and value creation for stakeholders [4].
Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper
Globenewswire· 2025-07-10 10:00
Core Insights - Osisko Metals has announced significant new drill results from the Gaspé Copper Project, confirming the large-scale potential of mineralization in the area [2][3] - The company is actively expanding its drilling program, now utilizing nine drill rigs to accelerate resource definition and expansion [3] Drill Results - Drill hole 30-1090 intersected 279.0 metres averaging 0.49% Cu and 3.35 g/t Ag, with a notable second intercept of 108 metres averaging 0.84% Cu and 7.79 g/t Ag [8][9] - Other significant results include: - Drill hole 30-1078: 256.5 metres averaging 0.25% Cu and 1.79 g/t Ag, and 381.0 metres averaging 0.22% Cu and 1.69 g/t Ag [10] - Drill hole 30-1079: 319.5 metres averaging 0.28% Cu and 2.14 g/t Ag, and 180.0 metres averaging 0.37% Cu and 2.54 g/t Ag [11] - Drill hole 30-1081: 301.8 metres averaging 0.41% Cu and 3.36 g/t Ag, and 44.5 metres averaging 0.23% Cu and 1.32 g/t Ag [12] - Drill hole 30-1084: 471.4 metres averaging 0.25% Cu and 1.95 g/t Ag, followed by 55.4 metres averaging 0.33% Cu and 2.64 g/t Ag, and 89.7 metres averaging 0.29% Cu and 1.93 g/t Ag [13] - Drill hole 30-1080: 520.5 metres averaging 0.23% Cu and 1.02 g/t Ag, and 195.0 metres averaging 0.26% Cu and 1.28 g/t Ag [14] Project Overview - The Gaspé Copper Project is located in the Gaspé Peninsula of Eastern Québec and is focused on resource expansion [2][24] - The current Indicated Mineral Resources are 824 million tonnes averaging 0.34% CuEq, while Inferred Mineral Resources are 670 million tonnes averaging 0.38% CuEq [24] - The project is strategically located near existing infrastructure in a mining-friendly province [24] Future Plans - The ongoing drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to test for further expansion of the mineralization [17][19] - The next MRE update is scheduled for Q1 2026, which will include new mineralized intersections below the current MRE model [19]
Pasinex Announces 2024 Annual and 2025, Q1 Financial Results
Globenewswire· 2025-07-02 11:00
TORONTO, July 02, 2025 (GLOBE NEWSWIRE) -- Pasinex Resources Limited (CSE: PSE) (FSE: PNX) ("Pasinex" or the "Company") today announced financial results for the year ended December 31, 2024, and the first quarter ended March 31, 2025. The financial statements, management's discussion and analysis (MD&A), and related certifications are available on SEDAR+. The Company also announced that effective June 27, 2025, its principal regulator, the British Columbia Securities Commission ("BCSC"), has revoked its fa ...