What you need to know: • Gold reached new record highs above $4,300/oz before settling around $4,000/oz, while silver climbed for the sixth consecutive month. • Despite this rise in metal prices, mining equities underperformed, with the GDX down 5.7%, GDXJ down 5.5%, and SILJ down 7.3%, and COPX up 3.1%, compared to the S&P 500 (+2.5%) and TSX (+0.8%). • Geopolitical developments, including the U.S. $5B critical minerals fund, G7 stockpiling alliance, and Trump's new partnerships with Australi...
What you need to know: • This morning, SPA announced assay results for its first two drill holes as part of its 9,000-10,000m fall drill program. • The results confirm strong grades over wide intervals within the proposed pit (in areas previously modeled as lower-grade and/or waste), including 0.77 g/t Au over 112m and 0.64 g/t over 102m. • Drilling supports advancement toward a 2027 construction decision, building on a PEA with $1.03B NPV5% and 18% IRR at US$2,450/oz. • We recently initiated c...
Q3/25 marked a particularly strong quarter for Atrium, as precious metal prices continued to rise rapidly, driving notable outperformance across our coverage. Our covered stocks increased 46% on average in Q3/25 and are up 227% over the past year, outperforming the TSX, which gained 12% during the quarter and 37% YoY, and TSXV, which gained 29% and 67%, respectively. This builds on the 27% increase from our coverage universe in Q2/25. Top performers from our coverage this quarter include Andean ...
What you need to know: • In September, gold rose 10.8% to approach $3,900/oz and silver surged 14.4% toward $46/oz, marking five straight months of gains. • Mining equities strongly outperformed, with GDX, GDXJ, SILJ, and COPX up 20.9%, 23.7%, 23.9%, and 20.1%, respectively, versus the S&P 500 (+3.4%) and TSX (+5.1%). • Sector momentum was reinforced by the Fed rate cut, record financing activity among juniors, and the announcement of the $53B Teck–Anglo American merger, the largest deal in ove...
What you need to know: • SPA announced a 9,000-10,000m drill program at its Spanish Mountain Gold Project, targeting high-grade extensions in multiple zones. • The program follows 2024 and 2025 drilling that outlined growth potential at the Main, Phoenix, K-zone, A12, and OT targets. • Drilling supports advancement toward a 2027 construction decision, building on a PEA with $1.03B NPV5% and 18% IRR at US$2,450/oz. • Last week, we initiated coverage on Spanish Mountain; read it here. On Septe...
What you need to know: • Spanish Mountain is the 100% owner of the Spanish Mountain Gold Project, which hosts a 4.2Moz resource (M&I) and recently published a robust PEA outlining a 24.5-year mine life. • With a base case NPV5% of $1.0B and 98% of mine tonnage in the M&I category, the project is rapidly advancing toward a construction decision. • Management and directors own 18%, aligning interests with investors, while Eric Sprott and Ian Watson own 11% and 6%, respectively. • SPA trades at ...
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce the assay results from the latest resource expansion program for the Spanish Mountain Gold Project (the "Project") located in British Columbia, Canada.In addition to the objective of advancing the Project's multi-million ounce Mineral Reserve, which was delineated in a Pre-Feasibility Study filed in June 2021, the Company has an ongoing campaign for resource expansion. The latest drill program, comprised of 28 holes over 4,485 metres (m), tested four bro...
Vancouver, British Columbia--(Newsfile Corp. - July 1, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce that W. Terry MacLean has been appointed Chairman of the Board of Directors effective July 1, 2021, following the previously announced retirement of Morris Beattie. Mr. MacLean was appointed on a unanimous decision of the Board.Mr. MacLean, a graduate UBC engineer (Mining and Mineral Processing), has been an involved and committed member of the Spanish Mountain Board since June 2019. He is Chairman of the Technical Review Panel and has been appointed to...
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") has accepted a letter of resignation and retirement from Morris Beattie, a Director, Chairman of the Board and a significant technical advisor to the company. His resignation will be effective June 30, 2021.Morris has accomplished his primary goals with Spanish Mountain and is now looking forward to retirement. He has overseen completion of our successful PFS (2021), passed on the technical details of the project to our engineering staff and he has managed our Board for seve...
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce the completion and filing of the National Instrument 43-101 Independent Technical Report (the "Report") for the Company's Spanish Mountain Gold Project (the "Project") located in British Columbia, Canada. The Report provides detailed information on the Project and affirms the technical and economic results of the Pre-Feasibility Study (PFS) as announced in a news release dated May 11, 2021.The Report has been filed on SEDAR under the profile of the Compa...
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce the positive results of the Pre-Feasibility Study (the "PFS") for the 100% owned Spanish Mountain gold project (the "Project") located in central British Columbia, Canada. The PFS, which is prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects, delineates a Mineral Reserve within the near-surface/ higher-grade portion of the Mineral Resource. All dollars figures are in Canadian (CAD) unless otherwise noted. In accordance wit...
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") announces the latest update on the Spanish Mountain gold project (the "Project") in British Columbia, Canada. Winter Field ProgramAs announced in a news release dated January 18, 2021, the Company added a geotechnical drilling program to perform site investigation in areas where winter conditions allow cost-effective access. Under the supervision of the technical team, the drill crew has successfully mobilized and completed six holes planned for two h...
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to provide an update on the current year's project strategy for the Spanish Mountain gold project (the "Project") in British Columbia, Canada. To accelerate the planned activities for the year, the Company will add a winter field program, which will be mobilized in February. All the programs listed below will be funded with cash on hand.Preliminary Feasibility StudyThe Company expects to deliver on its stated objective of presenting the r...
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce the appointment of Doug Ramsey, M.Sc., R.P.Bio. as Director, Sustainability and Indigenous Affairs with overall responsibility for the processes related to environmental assessment (EA) as well as consultations with First Nations and communities for the Spanish Mountain gold project (the "Project") in British Columbia, Canada.Mr. Ramsey will immediately resume the critical activities for the Project's environmental assessment u...
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") announces the results of its Annual General and Special Meeting of shareholders (the "Meeting") held on December 10, 2020.An ordinary resolution of disinterested shareholders was passed at the Meeting authorizing and approving the creation of 2176423 Ontario Ltd., a corporation controlled by Mr. Eric Sprott, as a new Control Person (as defined in the policies of the TSX Venture Exchange) of the Company upon the exercise of share purchase warrants. ...
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that its technical team has successfully completed the last module of the field work for the current year and is on track to complete and deliver the results of a Preliminary Feasibility Study (PFS) for the proposed Phase 1 operation of its Spanish Mountain gold project (the "Project") in British Columbia, Canada.Field Work Completed in 2020As previously reported, the last module of the field program was designed to further expan...
Vancouver, British Columbia--(Newsfile Corp. - October 27, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that the Board of Directors has authorized management to proceed with a Preliminary Feasibility Study (PFS) for the proposed Phase 1 operation of its Spanish Mountain gold project (the "Project") in British Columbia, Canada. As indicated below, the PFS will be based on various enhanced parameters in order to evaluate further improvements on multiple project metrics over the results reported in the 2019 Preliminary Economic Asse...
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that 16,666,666 warrants with the expiry date of October 23, 2020 have been fully exercised bringing proceeds to the Company totaling $833,333. All former and current insiders of the Company have elected to exercise and hold an additional 10,999,667 common shares. The warrants were issued in connection with a private placement of units dated October 24, 2015.During the current fiscal year, former and current insiders of the Co...
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce further enhancements to its technical team as the Company rapidly advances the Spanish Mountain gold project (the "Project") in British Columbia, Canada. Two highly experienced technical professionals are joining the Company's project team and a Technical Review Panel, comprised of four veterans in mining, has been formed recently to provide technical oversight and expert advice to management.Project DirectorRay Mah, P. Eng., h...
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that its technical team and contractors have successfully completed the first module of this year's field program as planned and have immediately launched the resource drilling program at its Spanish Mountain gold project (the "Project"). As announced in a news release dated August 20, 2020, the objective of the first module was to develop additional data in support of the proposed project infrastructure as outlined in the Preli...
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