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Gold Springs Resource Corp. Files Q2 2025 Financial Statements, MD&A and Provides Operations Update
Newsfile· 2025-08-11 21:56
Financial Performance - For the six months ended June 30, 2025, general and administrative expenses decreased to $0.27 million from $0.31 million in the same period of 2024 [2] - The net loss for the six months ended June 30, 2025, was $0.30 million ($nil loss per share), compared to a net loss of $0.34 million ($nil loss per share) for the same period in 2024 [2] - As of June 30, 2025, the company had cash of $0.02 million [2] Operational Developments - The company is working with ADT Environmental & Mineral Consultants and Global Resource Engineering to apply for permits to build a heap-leach processing pilot plant and a starter pit at the South Jumbo area in Utah, with a resource estimate of 214,565 oz M&I Au identified [3] - The company has engaged Gardiner Brothers Drilling Inc. to drill a water well near the processing facility, which will supply water for a large-scale operation [4] Company Overview - Gold Springs Resource Corp. focuses on the exploration and expansion of gold and silver resources at its Gold Springs project located on the border of Nevada and Utah, USA, in the Great Basin, a prominent mining jurisdiction [6]
Stinger Resources Announces Acquisition of Golden Triangle Mineral Claims
Newsfile· 2025-08-11 11:30
Core Viewpoint - Stinger Resources Ltd. has successfully acquired two mineral claims in British Columbia's Golden Triangle, enhancing its strategic position in a historically rich mining area [1][2]. Acquisition Details - The company acquired BC Mineral Claims 1118893 and 1118908 from Wild West Gold for $10,000, securing a 100% interest with no Net Smelter Return (NSR) on the claims [2]. - The newly acquired claims cover an area of 271.5 hectares and fill gaps between the Dunwell Mine and Glacier Creek claims, creating a larger contiguous block [1][2]. Strategic Importance - The acquisition consolidates control over the entire 6.5 km Portland Canal Fissure Zone, which is known for high-grade polymetallic mineral occurrences [3]. - The property is strategically located with excellent logistics, including a highway and power access, and is only 8 km from bulk tonnage shipping ports in Stewart, BC [3]. Company Overview - Stinger Resources holds a strong portfolio of gold and silver properties in British Columbia, including the 100% owned Dunwell Mine project in the Golden Triangle [4]. - The company also has property option agreements on several other promising mineral properties in various prospective areas of the province [5].
McEwen (MUX) Q2 Earnings and Revenues Miss Estimates
ZACKS· 2025-08-07 00:41
分组1 - McEwen (MUX) reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.09 per share, compared to a loss of $0.26 per share a year ago, representing an earnings surprise of -33.33% [1] - The company posted revenues of $46.7 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 14.47%, and compared to year-ago revenues of $47.48 million [2] - McEwen shares have increased approximately 36.5% since the beginning of the year, outperforming the S&P 500's gain of 7.1% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.25 on $68.7 million in revenues, and $0.01 on $229.73 million in revenues for the current fiscal year [7] - The Zacks Industry Rank for Mining - Miscellaneous is currently in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Wheaton Precious Metals Corp. (WPM), another company in the same industry, is expected to report quarterly earnings of $0.58 per share, reflecting a year-over-year change of +75.8% [9]
Fredonia Mining Inc. Grants Stock Options
Globenewswire· 2025-08-06 19:58
Core Viewpoint - Fredonia Mining Inc. has granted 985,000 stock options to purchase common shares at a price of $0.40 per share, primarily to directors and officers of the company [1][2]. Group 1: Stock Options - A total of 985,000 stock options have been granted, with 830,000 options allocated to directors and officers [1][2]. - Each option is exercisable for a period of five years and is subject to a four-month hold period [2]. Group 2: Company Overview - Fredonia Mining Inc. holds gold and silver license areas totaling approximately 18,300 hectares in the Deseado Massif geological region of Santa Cruz, Argentina [3]. - The company's flagship project is the El Dorado-Monserrat project, covering approximately 6,200 hectares, located near AngloGold Ashanti's Cerro Vanguardia mine [3].
Sierra Madre Announces Closing of Second Tranche of $19.5 Million Best Efforts Private Placement of Units
Newsfile· 2025-07-31 13:33
Core Viewpoint - Sierra Madre Gold and Silver Ltd. has successfully closed the second tranche of its brokered private placement, raising a total of $19,500,600 from the offering [1][3]. Group 1: Offering Details - The second tranche consisted of 2,500,000 units sold at a price of $0.70 per unit, generating gross proceeds of $1,750,000 [1]. - Each unit includes one common share and one half of a common share purchase warrant, with each warrant allowing the purchase of one common share at $0.85 for 12 months [2]. - The offering was facilitated by Beacon Securities Limited as the lead agent, along with Canaccord Genuity Corp. as part of the syndicate [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to expand the capacity of the Guitarra mine, conduct exploration programs at the East District, and for working capital and general corporate purposes [3]. Group 3: Compensation and Fees - In connection with the closing of the second tranche, the company paid the agents a cash fee of $61,250 and issued 87,500 compensation options, each allowing the purchase of one common share at the issue price for 12 months [4]. Group 4: Company Overview - Sierra Madre Gold and Silver Ltd. focuses on the Guitarra mine in Mexico and the Tepic property, with the Guitarra mine being a permitted underground mine that restarted commercial production in January 2025 [7]. - The Tepic Project covers over 2,600 hectares and hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource [8].
Patagonia Gold Announces US$40 Million Investment Into Its Calcatreu Project
Globenewswire· 2025-04-14 10:49
Core Viewpoint - Patagonia Gold Corp. has entered into an investment agreement with Black River Mine Inc. for up to US$40 million to support the development of its Calcatreu Project in Rio Negro, Argentina [1][2]. Investment Agreement Details - The Investor will acquire up to 40 million preferred shares at US$1.00 per share, totaling US$40 million in gross proceeds [2]. - The Investor is a newly formed corporation controlled by Carlos J. Miguens, who is the Lead Investor [3]. - The Investment Agreement includes a Shareholders' Agreement that will govern the affairs of PG Canada [3]. Distribution Policy - The Investor will receive 80% of the "Available Cash" until it has received US$40 million, with the Company receiving the remaining 20% [7]. - After the Investor receives the Preferred Distribution Amount, the Company will receive 100% of the Available Cash until it has received US$60 million [7]. - Following this, the Company will receive 60% of the Available Cash, while the Investor will receive 40% [7]. Financing Use - Proceeds from the Financing will be exclusively used for the development of the Project and to cover related fees and expenses [6]. Project Overview - The Calcatreu Project is located in Rio Negro, approximately 85 kilometers south of Ing Jacobacci [10]. - The Project has an estimated 746,000 contained AuEq ounces in measured and indicated resources and 390,000 contained AuEq ounces in inferred resources [12]. Company Background - Patagonia Gold Corp. focuses on gold and silver projects in the Patagonia region of Argentina and is one of the largest landholders in Santa Cruz province [15].