reports
- Ben Pirie
EDG: Gap Filling Continues Successfully at Crown
What you need to know: • EDG announced assay results for five drill holes as part of its 10,000m 2024 drill program; it has completed 26 holes (7,303m) to date. • Today’s results continued to confirm strong mineralization in the untested gaps between Eagle & Imperial (Crown Zone), intersecting bonanza grade. • Two of five holes intersected significant intercepts (147.5 g/t Au over 1.0m and 7.61 g/t Au over 5.7m). • Assays are still pending on 11 of the 26 holes drilled. This morning, Endurance...
Endurance Reports Drill Discoveries at the Crown Zone - 147.5 gpt Gold...
Vancouver, British Columbia--(Newsfile Corp. - November 19, 2024) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce assay results from five (5) additional diamond drill holes completed at the Crown Zone, a previously undrilled gap between the Imperial and Eagle Zones at its Reliance Gold Project. The 2024 drilling program is designed to expand the gold zones discovered within the 2-km long Royal Shear structure. Twenty-six (26) drill holes have been completed for 7,303 m drilled during the 2024 season.Crown Zone Highlights include tw...
- Ben Pirie
DNG: Knocked it Out of the Park...Again
What you need to know: • DNG reported another record quarter, posting 20% YoY sales growth and 50% YoY EBITDA growth due to the increased gold price and record levels of ore processed. • Dynacor again improved its balance sheet, with $42M in cash (up from $35M last quarter) with negligible debt, while also repurchasing shares. • We remain bullish on DNG going into 2025 and beyond as its kicks off its plans for expansion in both Peru and West Africa. Yesterday after market close, Dynacor Group ...
Arizona Sonoran Closes C$3.1 Million Private Placement with Nuton LLC,...
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) an emerging US-based copper developer and near-term producer, is pleased to announce that further to its news release dated , it has closed a non-brokered private placement financing in respect of the exercise by Nuton LLC (“Nuton”), a Rio Tinto Venture, of its pre-emptive rights under its Investor Rights Agreement (as defined herein) (the “Private Placement”). ASCU President and CEO, George Ogilvie commented, “The ongoing support from our partner Rio Tinto’s...
- Ben Pirie
LVG: Mining License Transfer + 10-Year Renewal
What you need to know: • LVG announced the completion of the 10-year renewal and authorization to transfer the Imwelo Mining Licence to LVG. • This major milestone significantly de-risks the Company as it progresses with development plans of the Imwelo Project and looks to take advantage of the elevated gold price in the near-term. • Upon certain conditions, this announcement triggers the second tranche of the financing involving Taifa Group (at a significant premium to market, $3.8M at $0.24/...
- Ben Pirie
Mining Monthly: October Edition
What you need to know: • Following strong performance in September, the precious metals again posted excellent returns, with gold being up 3.2% (to ATHs) and silver being up 4.1% (reaching its highest price in 12 years). • The mining equities had mixed performance relative to the metals with the GDX up 1.3%, GDXJ up 5.7%, SIL up 10.2%, and COPX down 7.6%. • Financings picked up massively in October as generalist capital returns to the mining industry, providing much-needed capital to the juni...
- Ben Pirie
OMG: More Assays, More Success + Gilt Creek Inclusion
What you need to know: • Omai announced its 2nd batch of assay results from the ongoing 10,000m drill program. 17 diamond drill holes have been completed totalling 8,460m and a third drill is being added to the program. • Assays from six holes were reported today, mostly continuing to target previously untested gap zones, yielding strong gold mineralization in the majority of holes. • We believe with three drill rigs and the sizeable budget (compared to the last few years), Omai should be abl...
- Ben Pirie
EDG: Gaps Begin to be Filled & Drilling Accelerates with 2nd Rig
What you need to know: • EDG announced assay results for four drill holes as part of its 10,000m 2024 drill program; it has completed 22 holes (6,100m) to date. • Today’s results confirmed strong mineralization in large untested gaps between Eagle & Imperial, also confirming mineralization at depth. • A 2nd drill rig has been added to accelerate the drill program – this rig will test the near-surface portion of the Eagle Zone. • Assays are pending on 12 drill holes and drilling will continue t...
Arizona Sonoran Initiates Pre-Feasibility Study; Appoints M3 Engineeri...
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today announces that following a request for proposal, ASCU has appointed M3 Engineering, Tucson, to lead the Cactus Project Pre-Feasibility Study (the “PFS”) and to act as metallurgical program lead. The consultants will include AGP (mining), Clear Creek (hydrology), ALS Geotechnical (geology), and Partners in Performance (real-time modeling and optimization), all of whom have contributed to ASCU’s prior studies. The Company anticipates the PFS to be completed...
Arizona Sonoran Announces Closing of C$34.5 Million Upsized Bought Dea...
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce that the Company has closed its previously announced public offering of common shares of the Company (the “Common Shares”). The underwriters exercised the full over-allotment option to purchase an additional 15% of the Common Shares in connection with the Offering. The Company issued, on a bought deal basis, 23,805,000 Common Shares, including 3,105,000 Common Shares pursuant to the exercise of the over-allotment option, at a price of C$1...
- Ben Pirie
TM: High-Grade Underground Drilling Continues at Kombat
What you need to know: • TM announced several high-grade copper and silver intercepts near shaft 1 at its Kombat mine in Namibia. • The holes reported today lie close to existing workings and planned developments, allowing for easy integration into the mine plan. • The highlight hole was hole KWO-217 which intersected 11.21% Cu and 117.9 g/t Ag over 5m. • Last month, we interviewed management, watch it here. This morning, Trigon Metals Inc. (TM:TSXV) announced drill results from recent under...
Arizona Sonoran Announces Filing of Final Short Form Prospectus in con...
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce that it has filed and been receipted for a final short form prospectus (the “Prospectus”) in connection with its bought deal offering of 20,700,000 common shares in the capital of the Company (the “Common Shares”) at a price of C$1.45 per Common Share (the “Issue Price”) for gross proceeds to the Company of C$30,015,000 (the “Offering”), as further described in the press releases of the Company dated and . Pursuant to the Offering, the C...
- Ben Pirie
- Nicholas Cortellucci
- CFA
Q3/24 Recap: All Our Research in One Place!
Quarterly Coverage Update As we enter the final quarter of the year, we are excited to release our quarterly recap report to update our readers on all the research content we have published in the last three months. This quarter included substantial momentum across several sectors, with strong performance from the companies we cover. Omai Gold Mines (+55%) led the way, followed by Allegiant Gold (+27%), Moon River Moly (+11%), and BQE Water (+10%). This quarter has been our most active yet, ma...
- Ben Pirie
Mining Monthly: September Edition
What you need to know: • September was a big month for the metals space as gold, silver, and copper were all up over 6%. Gold broke to new all-time-highs, peaking at $2,685/oz before closing the month at $2,661/oz (up 46% LTM). • The mining equities lagged the metals slightly but greatly outperformed broader markets with the GDX, GDXJ, SIL, and COPX up 4.8%, 8.2%, 7.9% and 11.0%, respectively. • Battery metals performed well this month and news around the lithium market gets more interesting a...
Arizona Sonoran Announces Filing of Preliminary Short Form Prospectus ...
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce that it has filed and been receipted for a preliminary short form prospectus in connection with its bought deal offering of 20,700,000 common shares in the capital of the Company (the “Common Shares”) at a price of C$1.45 per Common Share (the “Issue Price”) for gross proceeds to the Company of C$30,015,000 (the “Offering”), as further described in the press release of the Company dated . Pursuant to the Offering, the Company also granted...
Arizona Sonoran Appoints Nick Hayduk as VP Corporate Development, Gene...
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today announces the appointment of Mr. Nicholas (Nick) Hayduk as VP Corporate Development, General Counsel and Corporate Secretary complementing the team with a wide-range of Corporate Development and General Counsel expertise for the metals and mining industry. Effective October 1, 2024, Mr. Hayduk will replace Ms. Rita Adiani who will be leaving the Company following a two-week transition period. The Company wishes Ms. Adiani success in her future role. Geor...
Arizona Sonoran Announces Upsize to Bought Deal Public Offering to $30...
Arizona Sonoran Announces Upsize to Bought Deal Public Offering to $30 Million NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Arizona Sonoran Copper Company Inc. (“Arizona Sonoran” or the “Company”) (TSX:ASCU) is pleased to announce that the Company has entered into an amending agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (collectively, the "Underwriters") to increase the size of its previou...
Arizonan Sonoran Announces $25 Million Bought Deal Public Offering of ...
Arizonan Sonoran Announces $25 Million Bought Deal Public Offering of Common Shares NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Arizona Sonoran Copper Company Inc. (“Arizona Sonoran” or the “Company”) (TSX:ASCU) is pleased to announce that it has entered into an agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed ...
- Ben Pirie
TM: Underground Mining Outperforms – Open Pit Pauses
What you need to know: • TM announced a key production milestone, having mined 980tpd over a 30-day period, surpassing a threshold in the Sprott streaming agreement. • This news de-risks the project as Trigon is no longer required to convert the principal advance into a loan (more detail below). • As a result of the highly successful underground mining operations, the Company has decided to pause the open pit and only process high-grade underground ore. • Two weeks ago, we interviewed managemen...
Arizona Sonoran Announces Annual and Special Meeting Results
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, today announces the voting results from its annual and special meeting (the “Meeting”), held earlier today. A total of 76,531,243 common shares were voted at the meeting representing 69.92% of the issued and outstanding shares. Shareholders voted in favour of the business before the Meeting, being (i) the reappointment of PricewaterhouseCoopers LLP as auditors of the Company, (ii) the approval of th...
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