reports
- 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...
- Ben Pirie
EDG: First 2024 Drill Results: All Holes Intercept High-Grade
What you need to know: • EDG announced assay results for its first six drill holes as part of its 10,000m 2024 drill program, it has completed 11 holes (3,500m) to date. • Today’s results confirm high-grade at-depth (~175m vertical) and extends the Imperial Zone ~100m to the northwest along strike (still open). • Assays for the next five drill holes are expected to be released in mid-October. We look forward to this batch as they are drilled in the undrilled gap between the Eagle and Imperial Zo...
Endurance Announces First 2024 Drill Results At The Reliance Gold Proj...
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2024) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce preliminary assay results from the first six (6) diamond drill holes completed in the Imperial and Diplomat Zones at its Reliance Gold Project. The planned 2024 drilling program consists of up to 10,000 metres ("m") of diamond drilling designed to expand the gold zones discovered within the 2-km long Royal Shear structure. To date, eleven (11) drill holes have been completed for over 3,500 m.Highlight assay results fro...
Arizona Sonoran Drilling Expands Primary Sulphide Zone Under and Aroun...
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) reports new drill assay results from its infill and step-out drilling program below the previously untested extents of primary copper mineralization around the Cactus West pit, on the Cactus Project, in Arizona. Drilling builds upon the Company’s PEA drill database, extending the primary sulphide zones by upwards of 500 ft (152 m) below known mineralization (see ). This press release features multimedia. View the full release here: A total of 17 drill holes ar...
- Ben Pirie
LVG: Exploration Update & Mining License Submission
What you need to know: • LVG announced an update on Barrick Gold’s exploration activities on the claims surrounding the Tembo Project, which LVG carries interest in. • On September 4th, the Company announced submission of all documentation for the 10-year renewal and transfer of the Imwelo Mining License. The acquisition should close by the end of September. • Once the Mining License is officially transferred, it will trigger the second tranche of investment from the TAIFA group ($3.8M). This ...
- Ben Pirie
OMG: High-Grade Assays Begin to Roll-In
What you need to know: • Omai announced the first batch of assay result from the ongoing 10,000m drill program. 10 diamond drill holes have been completed totalling 3,732m and a second drill came online in late August. • Assays from 7 holes were reported today, mostly in previously untested gap zones, yielding strong gold mineralization in the majority of holes. • It is important to note that if these gap zones are converted from waste to ore (added to the resource), the economics of an update...
- Ben Pirie
Mining Monthly: August Edition
What you need to know: • August was a mixed month for all metals, including the mining equities. • Gold continues to outperform other metals, up 2.3% on the month and up a staggering 29% over the last year. Mining equities performed in line with broader markets, following significant outperformance in July, read our July report here. • Battery metals suffered again this month, and the waiting game continues. • M&A was slow in August but we expect things to ramp up as we enter the fall given the...
- Ben Pirie
TM: Positive Drill Results at New Zone Near Shaft #3
What you need to know: • Trigon announced high-grade drill results from the new zone near Shaft#3 of the Kombat Mine. • The results confirm strong copper results previously discovered in a 2023 surface drill program that lie outside the proven and probable reserves. • Today’s release is important as it shows strong resource growth potential in the area around Shaft #3 which would open up more mining faces, reducing operational risk and allowing for future production growth. Yesterday before ...
Arizona Sonoran Cactus Project Standalone PEA Technical Report Reporti...
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today reports that, further to the press release dated , announcing the Cactus Project NI 43-101 Preliminary Economic Assessment (“PEA”), the technical report in respect of the PEA is now filed on SEDAR+ () under the Company's issuer profile and is also available on the company website (). The Cactus PEA envisages an average 86k short ton (172 million pound) per annum open pit copper heap leaching operation over a 31-year mine life (“LoM”). In total, 5.3 billio...
- Ben Pirie
TM: Q1 Financials: Positive OCF & EBITDA
What you need to know: • Trigon announced its Q1/25 financial results, reporting strong numbers with Q1 being the first full quarter of underground production. • TM more than doubled its revenues from the previous quarter ($10M vs. $3.9M) and reported its first positive operating cash flow since starting production. • The Company reported an improved adjusted EBITDA of $1.8M and a further decreasing C1 cash cost of $3.23/lb. Yesterday after market close, Trigon Metals Inc. (TM:TSXV) reported ...
- Ben Pirie
DNG: Q2 Financials - Margins Improve Further
What you need to know: • DNG continued to take advantage of the high gold price in Q2, beating revenue and profitability estimates, boosting its cash balance and reducing development risk as it enters its next phase of growth. • Dynacor posted record cash gross operating margin of $346/oz AuEq sold, compared to $234/oz in Q2/23 and our estimate of $233/oz. • DNG added to its strong balance sheet with $35M in cash (up from $28M in December 2023), $55M in working capital, and negligible debt. ...
- Ben Pirie
EDG: Five Drill Holes Completed – Assays Pending
• EDG announced it has completed its first five diamond drill holes totalling 1,854m, as part of its 10,000m 2024 diamond drill program. • Assays are expected to start rolling in late August or early September. • Additional work is ongoing throughout the property to set up drill targets at the undrilled Olympic area and new targets at Upper Eagle. • EDG closed a $4.0M private placement with Director Richard Gilliam filling the entire order. CEO Robert Boyd continues to buy on the open market. ...
- Ben Pirie
LVG: Mining License Renewal - Long Runway Ahead
What you need to know: • LVG announced the Imwelo Mining License has conditionally been approved for a 10-year renewal, providing runway for LVG to execute. • On July 18th, the Company announced the receipt of the Tax Clearance Certificate, the final requirement for transferring the Imwelo Mining Licence to LVG. • Once the Mining License is officially transferred, it will trigger the second tranche of investment from the TAIFA group. • We continue to value LVG at $0.45/share representing 137% u...
- Ben Pirie
Mining Monthly: July Edition
What you need to know: • July was the second consecutive negative month for all 17 metals in our coverage except for gold, however, mining equities largely outperformed. • As anticipated in our last Mining Monthly, the June sell-off marked a great buying opportunity in the metals equities. • We are excited by the continued outperformance in the mining sector compared to broader markets as we believe this will begin attracting generalist investors to the space. • We notice an interesting trend in...
- Ben Pirie
OMG: Exploration Update – Fully Funded Through 2025
What you need to know: • The Company provided an exploration update on the Omai Gold Project with development goals laid out in this release. • Since our last note, Omai raised $13M in a private placement which closed on June 20th and sets the Company up for the next two years of project development. • On July 2nd, Omai commenced a 10,000m drill program with the goal of expanding the overall mine plan (by way of resource growth) and began many of the baseline studies required for permitting and...
- Ben Pirie
TM: FY24 Financials Improve with Costs Decreasing
What you need to know: • Trigon announced its Q4/24 and FY24 financial results marking the completion of a transformational year for the Company. • With just a small amount of underground production included in the Q4 numbers, costs have already started to decrease with C1 cash costs coming in at $3.31/lb vs. $3.81 for the full fiscal year. • The failed pump has been replaced and most importantly, mining activities were not affected by the short dewatering issue. • The Safi-Silver spinout is ...
Arizona Sonoran Updates Cactus Project Mineral Resource Estimate to 7....
CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), releases its updated Mineral Resource Estimate (“MRE”) for the Cactus brownfield copper project, located 45 miles south of Phoenix, Arizona (see ). The updated and expanded MRE is inclusive of a seven-month drilling program targeting the MainSpring property, which was completed in April 2024. The Cactus Project is wholly owned and located on private land in Arizona with direct road and rail access, infrastructure onsite, is at an advanced permitting stage, an...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.