Commodity 2
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February 21, 2025
Commodity
February 21, 2025 (Australian Mining) - The Yangibana rare earths project in Western Australia will now be run as an unincorporated joint venture (UJV) between Hastings Technology Metals and Wyloo. Wyloo will hold 60 per cent in the UJV and wil
February 20, 2025
February 20, 2025 09:28 PM Eastern Standard Time LIMA, Peru--( BUSINESS WIRE )--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mi
Piedmont Lithium Achieves Record Shipments in Q4’24 and Full Year 2024 Piedmont had record Q4’24 shipments of approximately 55,700 dmt of spodumene concentrate at an average realized price of $818 per dmt and revenue of $45.6 million Piedmont ha
February 20, 2025 (Source: Gold Fields) Statement by Mike Fraser, CEO 2024 was a year of two halves for Gold Fields. After a challenging first half of the year, I am pleased to announce a significant improvement in our H2 2024 safety, operational
February 20, 2025 09:28 PM Eastern Standard Time LIMA, Peru--( BUSINESS WIRE )--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, today announced results for the fourth quarter (4Q24) and full year (FY24) ended December 31, 2024. All figures have been prepared in accordance with IFRS (International Financial Reporting Standards) on a non-GAAP basis and are stated in U.S. dollars (US$). Fourth Quarter and Full Year 2024 Highlights: 4Q24 EBITDA from direct operations was US$ 93.4 million, compared to US$ 74.0 million reported in 4Q23 excluding the November 2023 sale of Contacto Corredores De Seguros S.A. (“Contacto”), the Company’s risk and insurance brok
Piedmont Lithium Achieves Record Shipments in Q4’24 and Full Year 2024 Piedmont had record Q4’24 shipments of approximately 55,700 dmt of spodumene concentrate at an average realized price of $818 per dmt and revenue of $45.6 million Piedmont had record full year 2024 shipments of approximately 116,700 dmt of spodumene concentrate at an average realized price of $856 per dmt and revenue of $99.9 million NAL continued to operate at a high level with 50,922 dmt produced, 90% mill utilization, and 68% lithium recovery in Q4’24 Piedmont exceeded its target and achieved $14 million in annual cost savings as part of 2024 Cost Savings Plan Piedmont had $87.8 million in cash and cash equivalents as of December 31, 2024 Piedmont entered into a definitive merger agreement with joint venture
February 20, 2025 (Source: Gold Fields) Statement by Mike Fraser, CEO 2024 was a year of two halves for Gold Fields. After a challenging first half of the year, I am pleased to announce a significant improvement in our H2 2024 safety, operational and financial performance. The assets that were impacted by weather-related or operational challenges recovered during the second half of the year, contributing to Gold Fields posting a strong set of second half results and meeting our revised Group guidance for production volumes, all-in-sustaining costs (AISC) and all-in- costs (AIC). Improved operational delivery in H2 2024 translated into a strong financial performance, allowing Gold Fields to declare a final dividend of 700 SA cents per share, which is 67% higher than the final di
February 20, 2025 (Source: MP Materials Corp) Commenced commercial production of NdPr metal at Independence Began trial production of automotive-grade magnets Achieved record production of 45,455 metric tons of REO in concentrate in 2024 Produced record 1,294 metric tons of NdPr oxide in 2024 Generated fourth quarter revenues of $61.0 million, a 48% increase year over year LAS VEGAS – February 20, 2025 – MP Materials Corp.(NYSE: MP) (“MP Materials” or the “Company”), today announced its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Commenced commercial production of NdPr metal at Independence Began trial production of automotive-grade magnets Produced 11,478 metric tons of rare earth oxides (“REO”
February 20, 2025 (Source: Newmont Corporation) DENVER, February 20, 2025 – Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company) today announced its fourth quarter and full year 2024 results, declared a fourth quarter dividend of $0.251 and provided guidance for the full year of 2025. "2024 was a transformational year for Newmont, as we focused on the integration of the Newcrest portfolio, divestment of our non-core assets, and transitioning the business onto a stable operating and investment platform. We have deliberately streamlined Newmont into the world's best collection of Tier 1 gold assets, with a strong foundation of operational and financial performance. Our record fourth quarter gave a glimpse into the promising potential of the busine
February 20, 2025 (Source: Newmont Corporation) DENVER, February 20, 2025 – Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company) reported gold Mineral Reserves ("reserves") of 134.1 million attributable ounces at the end of 2024 compared to the Company’s 135.9 million attributable ounces at the end of 2023, inclusive of assets held for divestment. Newmont's go-forward Tier 11 portfolio includes 125.5 million attributable gold ounces and significant Mineral Reserves from other metals, including more than 13.5 million attributable tonnes of copper reserves and 530 million attributable ounces of silver reserves. "Newmont has solidified its position as the gold industry's leader with the highest concentration of Tier 1 assets, reserves and resources,"
February 20, 2025 (Source: Cameco) Cameco announces 2024 results; strong performance across all segments; Westinghouse distribution; strategy centered on marketing, production, financial discipline expected to generate full-cycle value; positive outlook for nuclear energy Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2024, in accordance with International Financial Reporting Standards (IFRS). “Our 2024 full-year financial performance benefitted from strong fourth quarter results delivered by our uranium and Westinghouse segments,” said Tim Gitzel, Cameco’s president and CEO. “Although both net earnings and adjusted net earnings in 2024 were lower than in 2023 primarily due to the impact
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - February 20, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX:IMG) ("IAMGOLD" or the "Company") today reported its financial and operating results for the fourth quarter and year ended December 31, 2024. Preliminary operating results for the fourth quarter and year ended 2024, alongside operating guidance estimates for 2025, were previously disclosed on January 14, 2025. "Last year was a monumental year for IAMGOLD, as the Company achieved key milestones to position the Company as a dynamic, modern multi-asset mid-tier gold producer that is poised for potential free cash flow expansion while retaining significant growth opportunities," said Renaud Adams, President and Chief E
NYSE: VZLA TSX: VZLA VANCOUVER, BC , Feb. 20, 2025 /CNW/ - Vizsla Silver Corp. (TSX: VZLA ) (NYSE: VZLA) ( Frankfurt : 0G3) (" Vizsla Silver " or the " Company ") is pleased to announce that, further to its news release dated January 6, 2025 , it has filed an independent technical report (the " Technical Report ") containing an updated mineral resource estimate on the Company's Panuco silver-gold project. The Technical Report has an effective date of September 9, 2024 , and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (" NI 43-101 ") by Allan Armitage , Ph. D., P. Geo., Ben Eggers , MAIG, P.Geo., and Henri Gouin , P.Eng. of SGS Geological Services and Peter Mehrfert, P.Eng., James Millard , P.Geo., Scot
All amounts are in US dollars, unless otherwise indicated. Measured and indicated resources are quoted inclusive of proven and probable reserves for all sites and projects. Toronto, Ontario--(Newsfile Corp. - February 20, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") announces its updated Mineral Reserves and Mineral Resources statement as of December 31, 2024 prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). A summary table of the Company's Mineral Resources and Mineral Reserves, including attributable ounces accounting for ownership interest, can be found at the end of this news release. Highlights Updated Mineral Resources for the 100%-owned Nelligan Project of 3.1 million
Nexa achieved its second-highest annual Adjusted EBITDA, reaching US$714 million in 2024, including US$197 million in 4Q24. The company generated its first positive consolidated cash flow since the Aripuanã investments, reducing our gross debt and closed the year with a net leverage ratio of 1.7x. Annual production was delivered within guidance, with copper exceeding the upper range, while CAPEX and OPEX were below the lower range. Luxembourg, Luxembourg--(Newsfile Corp. - February 20, 2025) - Nexa Resources (NYSE: NEXA), one of the world's leading zinc producers, reported a 76% increase in Adjusted EBITDA to US$714 million in 2024, up from US$406 million in 2023, marking the second-highest annual performance, driven by higher by-products contribution, stronger zinc prices, favorab
All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the “Non-GAAP and Other Financial Measures” disclosure at the end of this news release for a description of these measures. TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG and NYSE: CGAU) today reported its fourth quarter 2024 operating and financial results, and issued 2025 guidance. President and CEO, Paul Tomory, commented, “In the fourth quarter, we had steady gold and copper production and ended 2024 near the low end of our production guidance range. At Öksüt, we benefited from elevated production in 2024 by processing inventory that was accumu
Record annual production, cash generation and increased dividend VANCOUVER, BC , Feb. 20, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG ) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report results for the fourth quarter and year ended December 31 , 2024. Lundin Gold's year is highlighted by record annual production of 502,029 ounces ("oz") of gold at an all-in sustaining cost ("AISC") 1 of $875 per oz sold, exceeding production guidance of 450,000 to 500,000 oz and achieving AISC 1 guidance of $820 to $890 per oz sold. This led to record high cash flow with cash from operating activities of $662 million and adjusted free cash flow 1 of $540 million or $2.26 per share. This was achieved through record revenues of $1,193 million realize
All figures are in United States dollars unless otherwise stated. This news release contains forward-looking information that is subject to risk factors and assumptions as set out in the “Cautionary Note Regarding Forward-Looking Information” below. TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announces its 2024 year-end estimates for mineral reserves and mineral resources. Proven and probable gold mineral reserves were 3.5 million ounces and proven and probable copper mineral reserves were 1,150 million pounds, as of December 31, 2024. Measured and indicated gold mineral resources were 6.8 million ounces as of December 31, 2024, which includes the initial gold mineral resource at the Goldfield Project (“Goldfield”) of
Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Edgemont Gold Corp. (CSE: EDGM) (the " Company ") is pleased to announce that it has entered into a non-binding letter of intent (the " LOI ") dated February 20, 2025 with Laiva Gold Inc. (" Laiva "), an arm's length Alberta private company, which contemplates the acquisition by the Company of all the issued and outstanding common shares of Laiva from the shareholders of Laiva (the " Transaction "). As consideration under the Transaction, the Company will issue such number of post-Consolidation (as defined below) common shares in the capital of the Company (each, a " Consideration Share ") to the shareholders of Laiva (the " Transaction ") as is equal to the total number of shares of Laiva outstanding immediately prior to
High-grade iron ore project with robust economics in a top-tier mining jurisdiction of NL, Canada Vancouver, British Columbia--(Newsfile Corp. - February 20, 2025) - Red Paramount Iron Ltd. (Red Paramount or the "Company") is pleased to announce completion of a Preliminary Economic Assessment ("PEA") for its Lac Virot Direct Reduction (DR)-Grade Iron Ore Project (the "Project") in the Labrador Trough, Newfoundland and Labrador, Canada. This PEA highlights a world-class iron ore project with substantial resources, low estimated production costs, and strategic access to infrastructure. The Project is positioned to supply high-quality DR-grade iron concentrate to the growing low-carbon steel industry. • Key PEA Highlights: Mineral Resource Estimate: 495.2 million tonnes of inferred
VANCOUVER, British Columbia, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces the filing of an amended Technical Report in respect of its Lamaque Complex (the “Amended Technical Report”), following a continuous disclosure review by the staff of the British Columbia Securities Commission. The Company previously filed a technical report titled "Technical Report - Lamaque Complex, Québec, Canada” prepared by the Company and filed on SEDAR+, on January 27, 2025, with an effective date of December 31, 2024 (the "January 2025 Report"). The January 2025 Report included a prefeasibility study in respect of the Lamaque Complex (the “Reserve Case”), as well as a preliminary economic assessment incorporating inferred mineral resources from the Tri
February 20, 2025 (Source: Global Mining Review) Appian Capital Advisory LLP (Appian) has announced that it will acquire the majority shareholding in Rosh Pinah Solar Park (RPSP) from Emesco Energy to exclusively supply clean energy to portfolio company, Rosh Pinah Zinc Corporation, for its mine in Namibia. Highlights Solar plant will reduce Rosh Pinah Zinc’s cost of energy by 8% for the next 15 yr and cover 30% of the mine expansion project’s energy requirements. This will diversify Rosh Pinah Zinc’s sources of energy and improve price security through a fixed nominal rate offtake agreement. Improves the mine’s sustainability, reducing its carbon footprint by 14 kt of CO2 emissions per year. As part of the agreement, Appian plans to increase the solar plant’s output from 5.4
Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“ Ascot ” or the “ Company ”) is pleased to announce that it has entered into an agreement with a syndicate of agents, co-led by Desjardins Capital Markets and BMO Capital Markets, for a best-efforts private placement offering of units of the Company (the “ Units ”) at a price of C$0.115 per Unit, to raise a minimum of C$60 million and up to a maximum of C$65 million (the “Offering ”). Each Unit will be comprised of one common share of the Company (each, a “ Common Share ”) and one common share purchase warrant of the Company (each, a “ Warrant ”) with each Warrant entitling the holder to
TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces updated Mineral Reserves and Resources for the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden as at December 31, 2024. All dollar amounts in this press release are in U.S. dollars unless otherwise noted. Consolidated Highlights Total Mineral Reserves of 815,000 gold equivalent ounces 1 , a 9% increase net of depletion. Total Mineral Measured and Indicated Resources of 1.97 million gold equivalent ounces 2 , a 14% increase net of depletion. Costerfield Highlights Substantially replaced Mineral Reserves: 604,000 tonnes at 8.7 g/t gold and 1.8% antimony for 168,000 gold ounces and 11,000 tonnes of antimony. E