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AngloGold Ashanti to Begin Drilling at Latin Metals’ Organullo Gold Project in Argentina
Yahoo Finance· 2025-09-30 20:17
Core Insights - AngloGold Ashanti is recognized as one of the best performing large-cap stocks to consider for investment [1] - The company plans to initiate drilling at the Organullo Gold Project in Salta Province, Argentina, through its subsidiary AngloGold Argentina Exploraciones S.A. [1][3] Company Overview - AngloGold Ashanti operates as a gold mining company with a presence in Africa, Australia, and the Americas, focusing primarily on gold exploration along with by-products like silver and sulphuric acid [4] Project Details - AngloGold Ashanti holds an option to earn up to an 80% interest in Latin Metals' Organullo, Ana Maria, and Trigal Gold projects [2] - The initial Phase I drilling program will include 10 drill holes and approximately 6,000 meters of drilling, with first results expected in Q1 2026 [2] - The drilling aims to target a multi-million-ounce, Tier 1 discovery, using the Salares Norte gold deposit as a technical reference [2] Exploration Focus - The drilling program will concentrate on three previously unexplored advanced argillic alteration zones along a 6 km-long strike length [3] - Supporting data for potential gold mineralization includes district-scale geophysical anomalies, structural interpretation, surface geochemical data, and hyperspectral data [3] - Latin Metals has also secured rights to the Malena VII mining property in Salta Province [3]
Chemtrade Logistics Income Fund Enters Into New Automatic Securities Purchase Plan
Globenewswire· 2025-09-25 21:02
Core Viewpoint - Chemtrade Logistics Income Fund is taking strategic steps to optimize its capital structure by redeeming convertible debentures and implementing an automatic securities purchase plan to manage its unit purchases effectively [2][3][4]. Group 1: Strategic Transactions - Chemtrade announced the redemption of all issued and outstanding 6.25% Convertible Unsecured Subordinated Debentures due August 31, 2027, as part of its strategy to reduce exposure to convertible debt [2]. - The Fund intends to commence substantial issuer bids for both the 2027 Debentures and 7.00% Convertible Unsecured Subordinated Debentures due June 30, 2028 [2]. Group 2: Automatic Securities Purchase Plan (ASPP) - A new automatic securities purchase plan has been established, allowing for unit purchases during predetermined blackout periods, subject to specific price and quantity parameters [3]. - The previous automatic securities purchase plan was terminated in connection with the new Offers, and the new plan will only be effective after the termination or expiry of the Offers [3][4]. Group 3: Company Overview - Chemtrade operates a diversified business providing industrial chemicals and services, being one of North America's largest suppliers of sulphuric acid and other chemical products [5]. - The company is also a leading producer of high purity sulphuric acid for the semiconductor industry and provides various industrial services [5].