Commodity 2
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May 23, 2025
Commodity
May 23, 2025 (IM - International Mining) - Metso and G Mining Ventures (GMIN) have signed an agreement on the delivery of key process equipment for the Oko West gold project in Guyana. The value of the order is approximately €30 million ($34 million
May 22, 2025
Trading Symbol: TSX/NYSE AMERICAN: SVM VANCOUVER, BC , May 22, 2025 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM ) (NYSE American: SVM) reported its financial and operating results for the three months ("Q4 Fiscal 2
VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report that, at a meeting on May 21, 2025, the WRLG Board of
LONGUEUIL, Quebec, May 22, 2025 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) ( TSXV: AZM ) ( OTCQX: AZMTF ) is pleased to report very encouraging drilling results from its diamond drilling program on the antimony-gold Fo
Toronto, Ontario--(Newsfile Corp. - May 23, 2025) - Excellon Resources Inc. (TSXV: EXN) (FSE: E4X2) (" Excellon " or the " Company ") is pleased to announce that it has entered into a non-binding agreement dated on May 15, 2025, with subsidiaries of Glencore plc (" Glencore ") to support the restart of the past-producing Mallay Silver Mine (" Mallay ") in Peru (the " Agreement "). The Agreement comprises a concentrate offtake and a pre-export finance loan facility (the " Facility ") that together will provide the key funding required to recommence operations at Mallay and return Excellon to silver producer status. With today's announcement, and including the equity financing which closed on May 14, 2025, the Company has arranged up to $18 million in available capital for the restart of
May 23, 2025 (IM - International Mining) - Metso and G Mining Ventures (GMIN) have signed an agreement on the delivery of key process equipment for the Oko West gold project in Guyana. The value of the order is approximately €30 million ($34 million) and it has been booked in the Minerals segment’s June quarter 2025 orders received
Trading Symbol: TSX/NYSE AMERICAN: SVM VANCOUVER, BC , May 22, 2025 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM ) (NYSE American: SVM) reported its financial and operating results for the three months ("Q4 Fiscal 2025") and twelve months ("Fiscal 2025") ended March 31, 2025 . All amounts are expressed in US dollars, and figures may not add due to rounding. HIGHLIGHTS FOR Q4 FISCAL 2025 Processed 345,984 tonnes of ore, and produced approximately 3,110 ounces ("oz") of gold, 1.630 million oz of silver, or approximately 1.917 million oz of silver equivalent 1 , 16.262 million pounds ("lb") of lead and 4.404 million lb of zinc; Sold approximately 3,465 oz of gold, 1.599 million oz of silver, 16.263 million lb of lead, and 4.488 million lb of zinc, f
VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report that, at a meeting on May 21, 2025, the WRLG Board of Directors approved management’s recommendation to restart the Madsen Mine immediately. Previous This major milestone has been achieved by systematically derisking the technical, operating, and funding requirements of a sustainable high-grade gold mine. Next “West Red Lake Gold acquired the Madsen Mine in June 2023 with the goal to use our team’s deep technical experience to unlock the abundant but at the time discounted potential of this mine,” said Shane Williams, Pre
LONGUEUIL, Quebec, May 22, 2025 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) ( TSXV: AZM ) ( OTCQX: AZMTF ) is pleased to report very encouraging drilling results from its diamond drilling program on the antimony-gold Fortin Zone at its wholly owned Wabamisk Property (the “Property”) in the Eeyou Istchee James Bay (“James Bay”) region of Quebec, Canada. The initial plan for 5,000 metres was expanded in January, and the program concluded in late March with a total of 51 diamond drill holes for 6,396 metres . The results of this program support the preparation of the summer drilling campaign, which will include 10,000 metres of infill and expansion drilling. The recently completed drilling program was initiated in late 2024 to follow up on the Fortin Z
May 22, 2025 ( ACCESS Newswire) - Dateline Resources Limited (ASX:DTR)(OTC PINK:DTREF) has updated its Scoping Study for the 100% owned Colosseum Gold Project, increasing the gold price assumption from $2,200/oz in the October 2024 Project Definition Study (PDS) to $2,900/oz for the Bankable Feasibility Study (BFS) , reflecting recent gold price performance averaging $3,000/oz in 2025 and a long-term consensus forecast. With all other production assumptions unchanged, this results in a 32% increase in sales revenue, a 208% increase in net revenue before tax, a 134% increase in NPV to US$550 million from US$235 million (6.5% discount), and a 96% increase in before-tax internal rate of return (IRR) to 61% from 31%. These outcomes, at a Scoping Study level of confidence, highlight
May 22, 2025 ( ACCESS Newswire) - Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena Gold & Silver", "Skeena" or the "Company") is pleased to complete a signed interconnection and transmission agreement (the "agreement") with Coast Mountain Hydro Limited Partnership ("CMH"). The agreement allows Skeena to connect to CMH's transmission line for the Company's 100%-owned Eskay Creek Gold-Silver Project ("Eskay" or the "Project"). CMH operates three run-of-river hydroelectric facilities including Forrest Kerr, McLymont Creek, and Volcano Creek Hydro Projects which provide power to the BC Hydro Northwest Transmission Line. CMH is partly owned by the Tahltan Nation and provides clean renewable power to Tahltan communities within the Northwest British Columbia Corridor. Randy
VANCOUVER, BC , May 22, 2025 /CNW/ -- USA News Group News Commentary – While institutional headlines have focused on record-setting quarters from the world's biggest gold producers, a quieter opportunity may be forming in their wake. Capital is beginning to rotate down the value chain, with seasoned investors eyeing select juniors and mid-tiers that haven't yet priced in $3,300 gold —or the possibility of $3,500 , as Goldman Sachs now forecasts. With the TSX nearing all-time highs and central banks continuing to build gold reserves, the stage may be set for a catch-up trade in developers and emerging producers. Among the gold stocks seeing renewed interest are Lake Victoria Gold (TSXV: LVG ) (OTCQB: LVGLF), GoGold Resources Inc.
HIGHLIGHTS 1 After-tax base case NPV 7% of C$171 M, IRR of 36%, and payback of 2 years using US$4.25/lb copper, US$1.30/lb zinc, US$27/oz silver, and US$1.10/lb lead price assumptions (pre-tax NPV 7% of C$264 M and IRR of 49%). Study economics supported by local vendor quotes for key areas including mine contracting, haul road construction, haulage from mine to process plant, concentrate trucking rates to Port of Belledune deepwater port , ocean freight rates, and historical operating costs from former Caribou process plant operation. Project combines the Murray Brook open pit mine project and the permitted Caribou copper, lead, zinc process plant and tailings complex located 13 km to the east. Initial capital expenditure ("CAPEX") of C$64 M, resulting in an NPV/CAPEX ratio
May 22, 2025 (IM - International Mining) - African Underground Mining Services Limited (AUMS), via the Underground Mining Alliance (UMA) joint venture, has signed a new five-year contract for delivery of underground mining services at the Obuasi gold mine for AngloGold Ashanti. The contract value came in at A$1.02 billion ($656.9 million), with the 60-month term starting on February 1, 2025, Perenti, owner of AUMS, said in an ASX-listed statement. Services covered within the contract include underground development, production and related mining services
May 21, 2025
May 21, 2025 (Source: New World Resources Limited) New World Resources Limited (ASX: NWC) (“New World” or the “Company”) has entered into a Scheme Implementation Deed with Central Asia Metals Plc (LON: CAML) (“CAML”), under which it is proposed that CAML will acquire all of the shares in New World by way of an Australian scheme of arrangement for cash consideration of A$0.05 per share (“Scheme Consideration”) (the “Scheme” or “Transaction”). Highlights ? The all-cash Scheme Consideration values New World at approximately A$185 million1 , and represents a significant premium of 95.7% to New World’s 30-day VWAP2 and 150% to the issue price of New World’s March 2025 capital raise. ? The New World Directors consider that the Scheme is in the best interests of New World Shareholders
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / VANCOUVER, BC , May 21, 2025 /CNW/ - Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN ) is pleased to announce that the Company has closed its previously announced brokered private placement (the " Brokered Offering ") and non-brokered private placement (the " Non-Brokered Offerin g", and together with the Brokered Offering, the " Offerings ") for aggregate gross proceeds of C$5,439,495 . Mark Tory , President and CEO commented: "We're very pleased to have closed this financing with strong participation from supportive shareholders and strategic investors. While the broader market remains selective, raising over C$5.4 million is a clear vote of confidence in the
VANCOUVER, BC , May 21, 2025 /CNW/ - New Found Gold Corp. (" New Found Gold " or the " Company ") (TSXV: NFG ) (NYSE-A: NFGC) is pleased to announce new drill results from the Company's 100%-owned Queensway Gold Project (" Queensway " or the " Project ") in Newfoundland and Labrador, Canada . Highlights include: Dropkick zone (" Dropkick ") west of the Appleton Fault Zone (" AFZ "): 42.8 g/t Au over 14.95 m (NFGC-24-2225) 1 47.6 g/t Au over 3.95 m (NFGC-24-2214) 22.9 g/t Au over 2.40 m (NFGC-24-2205) Dropkick mineralization has now been intersected over a 580 m strike extent Open in all directions Dropkick east of the AFZ: 5.30 g/t Au over 15.20 m (NFGC-24-2233) A newly identified domain at Dropkick on the eastern side of the A
May 21, 2025 (IM - International Mining) - Primero has been awarded the Tank Design, Fabrication, Testing and Delivery package for the South32 Biological Oxalate Destruction (BOD) Project to be constructed at the Worsley Alumina Refinery near Collie in South-West WA. The BOD Project involves the implementation of a new oxalate destruction process for managing sodium oxalate within the South32 Worsley Alumina Pty Ltd (SWAPL) Refinery. The project utilises technology similar to that used at Alcoa’s Pinjarra and Wagerup refineries and will provide environmental benefits to the ongoing Worsley refinery operations
May 21, 2025 (Minera Pan-Americana) - Canadian company Kinross Gold has presented a USD 113 million project to ensure the continuity of its La Coipa and Purén operations in northern Chile through new phases of development at the respective pits. The local subsidiary Compañía Minera Mantos de Oro submitted the "Extension of the Useful Life of the La Coipa and Purén Mines " initiative to the environmental review agency SEA (Secretariat of Mines and Mines of the Americas) for authorization to extract 173 million tons (Mt) of material from the Coipa Norte pit over six years and 86 million tons from the Purén pit over five years. Both mines are located in the Atacama Region. Both cases consider the waste rock rem
May 21, 2025 7:07 PM Eastern Daylight Time MELBOURNE, Australia--( BUSINESS WIRE )-- Rio Tinto will begin early works and conduct final engineering studies to increase production capacity at the Amrun bauxite mine on Cape York Peninsula in Far North Queensland, aiming for first output as early as 2029. The project, named Kangwinan at the request of Traditional Owners, the Wik Waya people, will involve building a new mine and expanding the existing port to almost double bauxite production from Rio Tinto’s Weipa Southern operations, where Amrun is located. Production from the Kangwinan project would replace output from the Andoom mine in Cape York and the Gove mine in the Northern Territory, which are both expected to close toward the end of the current decade. Rio Tinto Pacific Ope
May 21, 2025 (Source: Nicola Mining Inc) VANCOUVER, BC, May 21, 2025 – Nicola Mining Inc. ( the “ Company ” or “ Nicola ”) is pleased to announce that has started receiving gold / silver ore from Talisker Resources Inc. and is currently undergoing pre-production adjustment. The modern $33.0 million plus milling and processing facility, which is located near Merritt, British Columbia, has undergone numerous upgrades in 2H 2024 [1] . Production at the modern facility, which is constructed on free-hold industrial-zone land owned 100% by the Company, is expected to ramp up and reach full capacity in Q3. The Company has also commenced the process of applying for an amendment to its permit, for the purpose of increasing mill throughput. Nicola’s Merritt Mill is
May 20, 2025 (Source: Reuters) BUENOS AIRES, May 20 (Reuters) - Argentina's government on Tuesday approved a $2.5 billion lithium mining project by Anglo-Australian giant Rio Tinto (RIO.L), opens new tab, (RIO.AX), opens new tab, marking the first mining project under a new investment incentive regime. The approval of Rio Tinto's Rincon project, located in the northern Salta province, under the RIGI incentive scheme was announced by the country's mining and energy coordination secretary Daniel Gonzalez at a conference in the capital Buenos Aires
May 21, 2025 (Source: Reuters) COPENHAGEN, May 21 (Reuters) - Greenland on Wednesday handed a 30-year mining permit to a Danish-French mining group aiming to extract a moon-like rock that could offer a climate-friendly alternative in aluminium production. The Arctic island rich in minerals, oil and natural gas, and long seen as a potential resource frontier, has drawn international attention since U.S. President Donald Trump expressed an interest in purchasing it earlier this year. “ My hope is that the mine will be operational in five years ,” Greenland’s Mineral Resources Minister Naaja Nathanielsen told Reuters . Majoqqap Qaava anorthosite project Life-of-Mine 30 years Mining rate 560,000-930,000 tpa https://gam.gl/wp-content/uploads/2024/12/GAM-EIA-Subm
May 21, 2025 ( ACCESS Newswire) - Mako Mining Corp . (TSXV:MKO)(OTCQX:MAKOF) (" Mako " or the " Company ") is pleased to report initial results from the 2025 reverse circulation (RC) drill program at the El Golfo area within the El Jicaro Concession located immediately south of the company's 100% owned Las Conchitas and San Albino Gold Mines in Nicaragua (please see Figure 1 below). The 2025 exploration program at El Golfo comprises an initial 3,000 metres of RC drilling and is part of the Company's regional drill program on its district-scale, underexplored land package of 224 km 2 , including the recently granted Tiburon concession to the east. Drill hole EJ25-RC53 (270/-60) intersected a wide, high-grade interval of 39.15 g/t Au and 27.8 g/t Ag over 8.0 m (5.9 m ET