Commodity 2
Lorem ipsum dolor sit amet consectetur. Iaculis morbi a purus donec faucibus condime...
October 14, 2024
Commodity
October 11, 2024
Halifax, Nova Scotia--(Newsfile Corp. - October 11, 2024) - EDM Resources Inc. (TSXV: EDM) ("EDM" or the "Company") is pleased to announce that, further to its press release dated September 30, 2024, and due to strong investor demand, it has increase
Toronto, Ontario--(Newsfile Corp. - October 11, 2024) - HIRU Corporation (OTC Pink: HIRU) $HIRU www.otchiru.com , www.hirumining.com is pleased to share with its shareholders and followers a comprehensive Feasibility Scoping Study for the Balf
VANCOUVER, BC , Oct. 11, 2024 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (OTCQB: GSRFF) (FRA: 4LE0) (the " Company " or " Golden Shield ") reports that it has terminated negotiations in respect of the potential acquisition of Tucano Gold In
VANCOUVER, BC , Oct. 11, 2024 /CNW/ - Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN ) (OTCQB: DFMTF) (FSE: 35D) today announced the successful closing of its previously announced non-brokered bridge financing of secured conv
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
September 18, 2024
September 17, 2024 (Australian Mining) - New Hope’s Bengalla mine achieved its targeted run-of-mine rate of 13.4 million tonnes per annum (Mtpa) ahead of schedule, while the 2023–24 financial year (FY24) also saw first coal sales from the New Acland restart. The company produced of 9.1Mt of saleable coal in FY24, a 26.4 per cent increase from the previous year’s 7.2Mt. “This year, we’ve delivered on our organic growth pipeline, with the realisation of productivity benefits from the Bengalla mine growth project and the restart of operations at New Acland mine resulting in a significant increase in coal production,” New Hope chief executive officer Rob Bishop said . “The combination of a robust thermal coal price environment, disciplined cost control and strong operational perform
September 5, 2024
September 5, 2024 (Australian Mining) - Capricorn Metals has released its 2023–24 financial year (FY24) report, delivering strong financial metrics across the board. The gold miner delivered a record $359.8 million in revenue from selling over 112,000 ounces (oz) of gold at average realised price of $3185/oz, and $87.1 million in profit after tax, a $4.4 million increase from the previous financial year. The company also increased its net cash position to $69.3 million from the $55.9 million recorded in FY23. The Karlawinda gold project in Western Australia was the standout operation for Capricorn, achieving multiple records. Karlawinda produced 113,007oz during FY24, achieving its revised annual production guidance range of 112,000–115,000oz. The operation also produced gold at an
September 2, 2024
September 2, 2024 (Australian Mining) - Bellevue Gold has welcomed a $75 million net profit after tax for the 2023–24 financial year (FY24), which was defined by the company’s transition from explorer to miner. Bellevue brought its namesake Bellevue gold mine in Western Australia online in 2024, generating free cash flow of $41 million in the June quarter alone, from a production of 42,705 ounces (oz) of gold. Bellevue also announced its five-year growth plan in the June quarter, under which production is forecast to increase to 250,000oz a year by FY28. “We achieved many major milestones during the year as we made the transition to gold producer,” Bellevue managing director Darren Stralow said . “Production commenced in October 2023, and we are pleased to report profit of $75
August 30, 2024
August 30, 2024 (Source: Northam Holdings) Shareholders of Northam Holdings (“ Shareholders ”) are hereby advised that Northam Holdings published its audited group consolidated annual results for the year ended 30 June 2024, today. Financial results overview 30 June 2024 30 June 2023 Variance Sales revenue R000 30 766 472 39 548 159 (22.2)% Operating profit R000 4 824 133 15 446 786 (68.8)% Operating margin % 15.7 39.1 (59.8)% Basic earnings per share cents 461.0 654.5 (29.6)% Headline earnings per share cents 445.0 2 414.9 (81.6)% Dividends per share* cents 170.0 600.0 (71.7)% EBITDA** R000 6 270 467 16 501 054 (62.0)% EBITDA margin % 20.4 41.7 (51.1)% * Comprising (i) an interim dividend of 100.0 ce
August 30, 2024 (Australian Mining) - Genesis Minerals and Westgold Resources have released their 2023–24 financial results (FY24), with both gold miners demonstrating growth across key business areas. Genesis Minerals Following the release of its five-year strategic growth plan earlier this year, Genesis produced 134,451 ounces (oz) of gold, achieving its FY24 guidance of 130,000–140,000oz. The company achieved strong financial metrics, notably 112.9 million in earnings before interest, taxes, depreciation, and amortisation (EBITDA) and $428.3 million in gold sales revenue. Genesis also achieved an all-in sustaining cost of $2356/oz, achieving its FY24 guidance of $2300–2400/oz. It also invested $101.2 million in growth capital and exploration during the 12-month period and c
August 30, 2024 (Australian Mining) - Red 5’s King of the Hills (KOTH) gold mine in Western Australia has returned consistent results as the company announces its 2023–24 financial year (FY24) results. FY25 sales guidance for KOTH stands at 210,000–230,000 ounces, with mine production continuing to comprise base load tonnage from the open pit. Red 5 said this would be supplemented by higher grade underground production from both KOTH and the satellite Darlot operation. “Underground ore production at King of the Hills is expected to be consistent year-on-year, with production predominantly sourced from the Western and Regal mining areas,” Red 5 said . “Both the Western and Regal areas will receive increased exploration drill metres to target life of mine extensions immediately b