Commodity 2
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November 21, 2024
Commodity
November 20, 2024
November 20, 2024 (Source: Akobo Minerals AB) OSLO, 20 November 2024 — Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO) a Scandinavian-based Ethiopian gold exploration and mining company, in collaboration with the Ethiopian government, proud
Highlights: Mine plan optimized with reduced strip ratio bringing additional 78k ounces of palladium, 34k ounces of Platinum and 2M lb of Copper in the first 3 years Estimated $190M in additional payable revenues 1 and operating cost benefi
TORONTO , Nov. 20, 2024 /CNW/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB ) (OTC: AUMBF) is pleased to report an updated underground Mineral Resource Estimate ("MRE") for the True North Gold Project, located within the C
In the presence of the President of Ghana, Akufo-Addo, and the Chinese Ambassador to Ghana Tong Defa, a ceremony was held recently on November 8 to mark the commissioning and first gold pour at Shandong Gold’s Cardinal Namdini gold project, which is
November 12, 2024
November 12, 2024 (Australian Mining) - Evolution Mining has released its 2024 annual and sustainability report, detailing its progress in areas such as financial and operational performance, emissions reduction, safety, and diversity. Evolution produced 717,000 ounces (oz) of gold and 68,000 tonnes (t) of copper in the 2023–24 financial year (FY24) at an all-in sustaining cost of $1477/oz. The company delivered approximately $1.5 billion in operational mine cash flow and $422 million in statutory net profit after tax. Evolution also declared $139 million in dividends, with the company delivering a record 23 consecutive dividends . Evolution contributed $2.7 billion to the Australian and Canadian economies and $419 million to local and regional businesses and organisations. The
November 4, 2024
November 4, 2024 (Australian Mining) - Hancock Prospecting has recorded an uptake in earnings for the 2023–24 financial year (FY24), delivering $5.56 billion in net profit after tax and $14.7 billion in revenue. The Gina Rinehart owned company credited the increase in profit to its consistent iron ore volumes. A total of 96 million tonnes (Mt) of iron ore were shipped from the Roy Hill, Atlas Iron and Hope Downs mines, with 64Mt coming from Roy Hill alone . “Hancock’s joint venture [with Rio Tinto] Hope Downs mines sold more than 44 million tonnes of iron ore and contributed almost $1.5 billion of net profit after tax to Hancock’s results for the year,” Hancock said . “(The) Hope Downs 2 [open pit] and (the) Bedded Hilltop project development progressed during the year, but req
November 1, 2024
Noveber 1, 2024 (Australian Mining) - The Roy Hill mine in Western Australia has delivered $3.2 billion in net profit after tax for the 2023–24 financial year (FY24), cementing the operation as the largest revenue and profit earner for majority owner Hancock Prospecting. The Gina Rinehart-owned asset attributed the high financial performance to its record annual production and shipments of 64 million tonnes of iron ore, achieved by focusing on operational performance, improved efficiencies and maintaining safety standards. This is evident by Roy Hill taking home the Excellence in Mine Safety, OH&S award and the Australian Mine of the Year award at the 2024 Australian Mining Prospect Awards. “Congratulations and thank you to all the Roy Hill staff for their efforts over the pa
October 31, 2024
October 31, 2024 (Source: Vast Resources plc ) Vast Resources plc, the AIM-listed mining company, is pleased to announce its audited final results for the 12-month period ended 30 April 2024. A copy of the annual report will be available on the Company’s website at www.vastplc.com and printed copies are being posted to shareholders. **ENDS** For further information, visit www.vastplc.com or please contact: Vast Resources plc Andrew Prelea (CEO) www.vastplc.com + 44 (0)?20 7846 0974 Beaumont Cornish – Financial & Nominated Advisor Roland Cornish James Biddle www.beaumontcornish.com +44 (0) 20 7628 3396 Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory) www.shorecapmarkets.co.uk ?+44
October 28, 2024
October 28, 2024 (Australian Mining) - Gina Rinehart’s Atlas Iron is celebrating a double-digit increase in sales and revenue for the 2023–24 financial year (FY24). The company is attributing the results to a 12 per cent lift in sales compared to FY23, higher headline iron ore prices, and an increase in the company’s average realised price. Hancock Prospecting executive chairman Gina Rinehart thanked the business for its work. “Thank you and congratulations to all our Atlas staff on your efforts and all you’ve achieved this year,” Rinehart said . The company is currently working on ramping up its McPhee iron ore mine in the Pilbara after receiving approvals from the Federal Government in September. Various environmental and regulatory hurdles have resulted in Atlas pushing t
October 22, 2024
ROUYN-NORANDA, Quebec, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB : ABMBF) announces its results for the fourth quarter and the year ended June 30, 2024. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. The financial statements and management report are available on SEDAR+. Highlights for the year ended June 30, 2024 In July 2023, the Company published the technical report and preliminary economic assessment for the Sleeping Giant project in compliance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects; In July 2023, Robert Gagnon, geologist, was appointed Vice-President Exploration of the Corporation; In November 2023, Abco
October 2, 2024
October 2, 2024 (Australian Mining) - EQ Resources (EQR) has increased production across its tungsten operations, marking another record month for the company. The Mt Carbine mine in Queensland and Barruecopardo mine in Spain increased their total September output by 15 per cent on the previous month, and 31 per cent on the previous quarter. This accounted for 20,721mtu, a unit used to measure tungsten concentrate (WO 3 ), where one mtu is equal to 10kg of WO 3 . The expanded production in September represents an overall 51 per cent increase of tungsten output on an EQR Group level, compared to the average monthly output recorded in the fourth quarter of the 2023–24 financial year. The company credited the increase to improving ore grade at Mt Carbine and the successful implemen
September 30, 2024
September 30, 2024 (Australian Mining) - Liontown Resources has released its full-year financial results, with the company more than doubling the value of its assets by bringing the Kathleen Valley lithium project online. Kathleen Valley, which was constructed over the 2023–24 financial year (FY24), grew the company’s total assets from $655.1 million at June 30 2023 to nearly $1.4 million a year later. Arguably the biggest achievement for Liontown in FY24 was commencing operations at Kathleen Valley on schedule, which saw 3500m of underground development over the year and first ore produced on July 31. “It has been a year of transformative growth and achievement,” Liontown managing director and chief executive officer Tony Ottaviano said . “I am immensely proud of the team who
VANCOUVER, British Columbia, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its annual financial results for the year ended June 30, 2024 (“Fiscal 2024” or “FY 2024”). All amounts are in United States dollars unless otherwise indicated (refer to www.sedar.com for full financial results). Cathy Zhai, the President and CEO commented, “Fiscal year 2024 was a remarkable year for the Company. The gold production generated $51.42 million gross revenue with net earnings of $6.44 million, or $0.02 per share contrary to net loss of ($6.27) million, or ($0.2) per share last year. $14 million cash flow with $10.86 million on hand and a healthy working capital of $20.55 million has turned around the Company to a muc
September 24, 2024
September 24, 2024 (Source: Petra Diamonds Limited) Petra announces its audited Full Year 2024 results for the twelve months ended 30 June 2024 (FY 2024 or Year). Richard Duffy , Chief Executive Officer of Petra, commented: “In FY 2024, Petra demonstrated its agility in responding to a weaker pricing environment by building greater business resilience. Actions taken during the Year reduced planned cash expenditure by US$75 million through deferring capital expansion programmes and sustainably reducing our cost base. We have transitioned Finsch from a 2.8Mtpa to a 2.2Mtpa operation with greater emphasis on planning and maintenance. With our two South African mines starting to access fresh ore from newly developed project areas and Willamson at full pro