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X @CoinMarketCap
CoinMarketCap 2025-11-12 08:30
馃幆 Performance Highlights:Top gainers:馃敼 Ore (ORE): +169.42%馃敼 375ai (EAT): +159.6%馃敼 Keep Network (KEEP): +109.9%馃敼 Hey Anon (ANON): +106.98%馃敼 Real (REAL): +89.41%5/6 ...
Vault Minerals to transition to owner-operator model at KoTH mine from 2027
Yahoo Finance 2025-11-05 15:21
Core Viewpoint - Vault Minerals will transition to an owner-operator model for load-and-haul operations at its King of the Hills mine starting January 1, 2027, following the expiration of its current mining services contract [1] Group 1: Operational Efficiency - The owner-operator model is expected to provide superior cost efficiency and enhanced cost control, allowing for direct management of operating costs and improved optimization [2] - Operational agility will be enhanced, enabling the company to dynamically adjust mine plans, schedules, and priorities in response to changing conditions and strategic goals [2] Group 2: Workforce and Equipment - The new model will promote workforce stability through a dedicated site-based team, fostering continuity, productivity, and strong safety behaviors [3] - Ownership of mining equipment will yield capital investment benefits, providing enduring value with potential for resale or redeployment [3] Group 3: Continuous Improvement and Innovation - Owner-operated mining is anticipated to facilitate continuous improvement and the integration of innovation, technology, and operational efficiencies throughout the mining value chain [4] - The transition follows a significant increase in KoTH open-pit ore reserves, extending the mine's life to 13 years, with stockpiles supporting mill feed for an additional five years [4] Group 4: Fleet and Production Capacity - To accommodate a projected 35% increase in mining activity, the company plans to deploy a larger and more productive fleet, including one 260 tonne and two 360 tonne excavators, along with 190 tonne haul trucks and ancillary equipment [5] - Average material movements are expected to reach around 14 million bank cubic meters per year over the life of the ore reserve [5] Group 5: Transition Plan and Financials - A transition plan will be executed throughout the 2026 financial year and the first half of the 2027 financial year to ensure a smooth start to owner-operated mining [6] - The company plans to retain contract drill and blast services at KoTH, with a preferred contractor selected for a five-year term starting January 1, 2027, pending final agreements [6] - Deposits of approximately A$2 million (US$1.3 million) for long-lead fleet items are expected to be paid in Q2 2026, with equipment financing and hybrid funding options under evaluation [7] - Earlier in February, the company announced an A$80 million expansion of its KoTH processing facility [7]
X @Solana
Solana 2025-10-24 03:13
ore casually 10x'ing its revenue in a month... only on SolanaBlockworks (@Blockworks_):Now tracking the fees and revenue generated by @oresupply.Revenue has grown by 10x since the start of October, and it will clear $100k for the fist time at today's close. https://t.co/nwq6Bsy4v4 ...
Genesis receives approval for Tower Hill stage one project in Western Australia
Yahoo Finance 2025-09-10 14:22
Core Insights - Genesis has received approval for the Stage 1 Mining Proposal and Mine Closure Plan for its Tower Hill project, aligning with its development timeline for mining in fiscal year 2027 and first ore extraction in fiscal year 2028 [1][4] Project Details - The Tower Hill project is a significant open-pit mining prospect located 2km north of the Gwalia mine, featuring abundant, near-surface, high-grade ore [2] - Historical mining at Tower Hill has produced approximately 220,000 ounces of gold since sporadic activities began in 1898, with the last operations ending in 2003 [2] - The mine plan includes a single open pit with a one-million-ounce ore reserve at a grade of two grams per tonne, a strike length of 1.4km, and a strip ratio of 9:1 [3] Future Plans - Genesis is finalizing agreements with rail users to shorten the rail line for stage two by the end of the calendar year [2] - An expansion study is currently underway for the Leonora processing plant, located just 1km from the Tower Hill project [3] - More details on the Tower Hill project will be provided in an updated long-term plan set for release in the June half of 2026 [3] Strategic Importance - The Stage One approval is crucial for Genesis's ASPIRE 400 growth strategy, allowing alignment of mining start with the mill expansion strategy to optimize costs and revenues [4] - The acquisition of Focus assets at Laverton enhances Genesis's pipeline of organic growth opportunities, providing valuable processing flexibility [4]
Abcourt Provides Sleeping Giant Project development Update
Globenewswire 2025-08-07 11:00
Core Insights - Abcourt Mines Inc. is progressing well with the Sleeping Giant Project in Eeyou Istchee, Qu茅bec, following successful financing with Nebari in early July [2][5] - The company has initiated various activities including the installation of a sleep camp, rehabilitation of underground openings, and preparation for mining operations [2][5] July Activities - A surface stockpile of approximately 1,000 tonnes of ore was built [5] - The first stope underground was blasted in July [5] - Construction of a 50-person dormitory began, with plans to accommodate workers on a 7 days in, 7 days out schedule [5] August Outlooks - The dormitory is expected to accept its first occupants later in August, with additional facilities like a kitchen and rec room scheduled for delivery in the coming weeks [5] - The company is in the permitting process for a second phase to increase dormitory capacity from 50 to 100 rooms [5] - Underground activities are set to increase to start feeding the mill, with commissioning of the crushing plant and grinding and leaching circuits planned [5]