Beiträge von MontevonZott

Wesdome Announces 2021 Fourth Quarter and Full Year Financial Results

TORONTO, March 10, 2022 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces fourth quarter (“Q4 2021”) and full year financial results. All figures are stated in Canadian dollars unless otherwise noted.
Key Highlights:

• Record full year production at the Eagle River Complex of 101,403 ounces
• Decreased Eagle River cash costs by 6%
• Increased revenues and cash margins by 22%
• Increased operating cash flows by 28%
• Increased Eagle River reserve grade by 15%
• Increased Eagle River resources (exclusive of reserves) by 25%
• Kiena Mine embarked on a construction and mining ramp up as per the May 2021 Pre-Feasibility study – fully funded from internally generated cash flow
• Successfully restarted Kiena in Q3, producing 22,440 pre-commercial ounces
• Increased Kiena Measured and Indicated Resources (exclusive of reserves) by 7%

https://ceo.ca/@nasdaq/wesdome…arter-and-full-year-ec055

Endeavour Silver Announces Strong Year End 2021 Financial and Operating Results with Earnings Per Share of $0.08

2021 Highlights

• Production Surpasses 2021 Guidance: 4,870,787 ounces (oz) of silver and 42,262 oz of gold for 8.3 million oz silver equivalent (AgEq)1.
• Highest Recorded Revenue in 5 years: Net revenue of $165.3 million from the sale of 3,856,883 oz of silver and 39,113 oz of gold at average realized prices of $25.22 per oz silver and $1,790 per oz gold. Management withheld metal sales during the year and carried a significant metal inventory at year end totaling 1,028,340 oz silver and 1,044 oz gold of bullion inventory and 54,270 oz silver and 2,630 oz gold in concentrate inventory.
• Improved Net Earnings: $14.0 million, or $0.08 per share, up from net earnings of $1.2 million, or $0.01 per share in 2020. Net earnings in 2021 were impacted by the increased finished goods inventory held, which was carried at a cost of $15.6 million compared to the estimated fair market value of $31.7 million at December 31, 2021.
• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)(2): $54.9 million, an increase of 87% from 2020.
• Increased Cash Flow: $32.2 million in operating cash flow before working capital changes(2), an increase of 12%. Mine operating cash flow before taxes(2) was $61.9 million, an increase of 10%.
• Costs Impacted by Industry-Wide Inflationary Pressures: Cash costs(2) of $9.31 per oz payable silver and all-in sustaining costs (2) of $20.34 per oz payable silver, net of gold credits were slightly above guidance due to increased labour, power and consumables costs.
• Strong Balance Sheet: Cash position of $103.3 million and working capital(2) $121.2 million as at December 31, 2021.
• Guanaceví Continued to Outperform: Silver and gold grades continued to deliver well above plan and throughput approached plant capacity.
• Bolañitos’ Performance Remained Steady: Silver grades and plant throughput exceeded plan with gold grades slightly below plan.
• Encouraging Brownfields Exploration Results from Guanaceví and Bolañitos: Drilling continued to intersect high-grade gold-silver mineralization in the Santa Cruz vein at Guanaceví and to intersect multiple mineralized structures near current workings at Bolañitos.
• Positive Greenfields Exploration Results from the Parral Project: Drilled over 18,000 metres targeting several areas along the La Colorada vein with encouraging results in areas outside the current mineral resource estimate.
• Continued to Advance the Terronera Project: Work continued on final detailed engineering, early earth works, critical contracts and procurement of long lead items. The financing and final permitting processes are progressing, however, delays caused by the Omicron variant have slightly extended the anticipated timeline. The Company intends to make a formal construction decision subject to completion of financing and receipt of additional amended permits in the coming months.
• Sold El Cubo Assets: The Company sold its El Cubo assets in Guanajuato, Mexico to Guanajuato Silver Company (formerly Vangold Mining Corp) for $15 million plus contingent payments of up to $3 million in a transaction that closed April 9, 2021.
• Suspended Operations at El Compas: Management suspended operations at El Compas in mid-August and is currently evaluating its alternatives for the asset.
• Acquired Bruner, an Advanced Stage Exploration Project: Ideally situated within Nevada’s Walker Lane northwest trending mineral belt, this acquisition closed on September 1, 2021.

https://www.globenewswire.com/…gs-Per-Share-of-0-08.html

Diamond drilling returns positive result: Miner K92

K92 MINING Inc has announced positive results from its ongoing underground diamond drilling of the Kora deposit at its gold mine in Kainantu, Eastern Highlands.
According to the company, results for the latest 50 diamond drill holes completed from underground into the Kora deposit continue to demonstrate high-grade and continuity of Kora.
K92 chief executive officer and director, John Lewins said: “The latest drilling results at Kora continue to deliver very high grades, solid thickness while also expanding known and delineating new high-grade areas.”
He said in addition to high-grade step-outs to the south, the results were also highlighted by high-grade step-outs to the north.
“I would also like to note that this set of results at Kora will be our final set ahead of our upcoming Kora resource update,” Lewins said.
“Over the past 18 months, drilling at Kora has largely been infill and we are pleased to highlight that we have recently commenced a major pivot to resource growth focused drilling.
“At Judd, there now four drill rigs operating from underground; the majority of our underground drill rigs,” Lewins said.
“At Kora South, drilling has recently commenced for the first time from surface and plans are in place to add a second drill rig.”
Meanwhile, K92 Mining is focused on operating and expanding the Kainantu gold mine, Lewins said.
Since acquiring the project from Barrick Gold in 2014 and restarting in late-2016, K92 has transformed Kainantu into a rapidly expanding producer.
Production has also been low cost, which is a testament to the high grade, continuity, solid thickness, geotechnical and metallurgical characteristics of the deposit.
The transformation was driven by a series of near-mine infrastructure exploration discoveries.

https://www.thenational.com.pg…ns-positive-result-miner/

Markus Bußler über K92, ab Minute 13:20:

https://www.deraktionaer.de/ar…ber-fast-ko-20242570.html

K92: Building the next world class gold mine in PNG
On the back of significant resource growth in the past four years, K92 Mining is already well through its expansion plans to build the next sustainable world-class gold mine in Papua New Guinea.
Chief Executive Officer, John Lewins, says all the expansion work the company has committed to, has been funded from the company’s own cashflow.
“We have increased our measured and indicated resource by over 450 percent, and our inferred by 120 percent over a three-year period,” he told delegates at the PNG Mining and Petroleum Conference and Exhibition, adding that the company would be updating its resource volumes in the coming weeks.
Since starting commercial production in 2018, K92 Mining has reached around 14 grams per tonne of gold.
The growth and success of the mine has been supported by an experienced team and a heavy focus on environmentally sustainable growth.

https://www.pngchamberminpet.c…6RLC3ykrJ1F7qBldJWKkCSZtU

K92 Mining Announces Latest High-Grade Underground Drill Results at Kora, Including Step-Out Drilling to South and North

• Underground drill hole KMDD0415 records multiple intersections including 7.51 m at 192.92 g/t gold equivalent (“AuEq”) (1) or 192.50 g/t Au, 8 g/t Ag and 0.22% Cu from the K1 Vein.
  

  
  

• Underground drill hole KMDD0312 records multiple intersections including 7.60 m at 41.91 g/t AuEq or 41.02 g/t Au, 24 g/t Ag and 0.41% Cu from the K1 Vein.
  

  
  

• Underground drill hole KMDD0441 records multiple intersections including 12.65 m at 36.54 g/t AuEq or 25.97 g/t Au, 94 g/t Ag and 6.60% Cu from the K2 Vein.
  

  
  

• Underground drill hole KMDD0342 records multiple intersections including 5.36 m at 29.50 g/t AuEq or 29.28 g/t Au, 4 g/t Ag and 0.11% Cu from the K1 Vein, and 5.60 m at 17.90 g/t AuEq or 13.77 g/t Au, 153 g/t Ag and 1.49% Cu from the K2 Vein.
  

  
  

• Underground drill hole KMDD0427 records multiple intersections including 12.00 m at 27.08 g/t AuEq or 12.57 g/t Au, 194 g/t Ag and 8.46% Cu from the K2 Vein.
  

  
  

• Underground drill hole KMDD0471 records multiple intersections including 8.00 m at 21.16 g/t AuEq or 17.78 g/t Au, 39 g/t Ag and 2.03% Cu from the K1 Vein.
  

  
  

• Underground drill hole KMDD0459 records multiple intersections including 6.20 m at 20.19 g/t AuEq or 5.65 g/t Au, 166 g/t Ag and 8.74% Cu from the K2 Vein.

https://k92mining.com/news/k92…xbbSE7n-JeKKQAwkVRXBQ3UCQ

K92 Mining Announces Stage 2A Expansion to Increase Throughput +25% to 500,000 Tonnes Per Annum at Kainantu Gold Mine

• Stage 2A expansion underway to increase annual throughput by +25% to 500,000 tonnes per annum (“tpa”) or 1,370 tonnes per day (“tpd”) from 400,000 tpa or 1,100 tpd.
  
• Performance of existing process plant has already shown the ball mill is capable of well above 400,000 tpa (1,100 tpd). Since Stage 2 Plant commissioning in 3Q 2020, the mill has consistently demonstrated an ability to deliver a notably finer than required product size, while also achieving up to 28% higher throughput with a single day record of 1,408 tonnes processed on September 22, 2021.
  
• Plant expansion involves low capital cost upgrades with an estimated capital cost of US$2.5 million and full commissioning to commence in 3Q 2022. Several expansion items have already arrived on site, and the expansion involves the following:
  
  
  • Additional filter press on site and being commissioned.Additional T-1000 crusher expected to be installed in 4Q 2021.
  • Additional flotation cells, pipes and pumps expected to be installed in 2Q 2022.
  • Underground mobile equipment and development capital expenditures to be accelerated from Stage 3 Expansion capital and expected to arrive during 1H 2022.
    

    
    

    
    

• Stage 2A Expansion decision was also supported by strong exploration and development results along the Judd Vein System. Judd represents a new mining front, proximal to existing infrastructure at Kora, and is expected to provide a notable boost to operational flexibility and mining efficiencies.
  
• The expansion is expected to further drive economies of scale, increase potential production, and strengthen K92’s ability to self-fund the Stage 3 Expansion. The Stage 3 Expansion Definitive Feasibility Study is well underway.

https://ceo.ca/@nasdaq/k92-min…-2a-expansion-to-increase

Interview with John Lewins, CEO of K92 Mining Inc.
K92 Mining (KNT) - 350,000 oz Gold Production a Near-Term Target

K92 Mining Announces Latest High-Grade Surface and Underground Drill Results at Kora, Including 6.45 M at 106.95 g/t AuEq, 5.30 M at 96.85 g/t AuEq and 6.35 M at 75.72 g/t AuEq

• Underground drill hole KMDD0383 records multiple intersections including 6.45 m at 106.95 g/t gold equivalent (“AuEq”)⁽¹⁾ or 105.96 g/t Au, 11 g/t Ag and 0.60% Cu from the K1 Vein.
  

  
  

• Underground drill hole KMDD0373 records multiple intersections including 5.30 m at 96.85 g/t AuEq or 93.18 g/t Au, 52 g/t Ag and 2.11% Cu from the K1 Vein and 17.76 m at 14.40 g/t AuEq or 14.03 g/t Au, 11 g/t Ag and 0.16% Cu from the K2 Vein.
  

  
  

• Surface drill hole KODD0015 records multiple intersections including 6.35 m at 75.72 g/t AuEq or 60.25 g/t Au, 321 g/t Ag and 7.96% Cu from the K1 Vein, 6.10 m at 14.03 g/t AuEq or 7.53 g/t Au, 78 g/t Ag and 3.87% Cu from the K2 Vein and 8.46 m at 58.56 g/t AuEq or 57.46 g/t Au, 49 g/t Ag and 0.32% Cu from the K2 Hangingwall Vein.
  

  
  

• Underground drill hole KMDD0316 records multiple intersections including 9.40 m at 48.69 g/t AuEq or 48.11 g/t Au, 5 g/t Ag and 0.37% Cu from the K1 Vein.
  

  
  

• Surface drill hole KODD0010 records multiple intersections including 9.80 m at 22.45 g/t AuEq or 21.75 g/t Au, 12 g/t Ag and 0.38% Cu from the K2 Vein.
  

  
  

• Underground drill hole KMDD0310 records multiple intersections including 2.50 m at 48.39 g/t AuEq or 37.42 g/t Au, 72 g/t Ag and 7.09% Cu from the K2 Vein.

https://ceo.ca/@nasdaq/k92-min…5XBaqiZ4Mik_GCTEZsNAephdk

K92:
S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index

TORONTO, Sept. 3, 2021 /CNW/ - As a result of the quarterly review, S&P Dow Jones Indices will make the following changes to the S&P/TSX Composite Index prior to the open of trading on Monday, September 20, 2021:

https://www.newswire.ca/news-r…OusDOBuuk9HLKEVwgkNZtXcqE

Endeavour Mining

We are delighted with today’s announcement from FTSE Russell, An LSEG Business that confirmed #EndeavourMining will enter the #FTSE250 Index effective 20 September 2021. #lseg #EDV

https://www.linkedin.com/compa…ining/posts/?feedView=all

K92 Mining Announces High-Grade Judd Vein System Drilling Results, Including 8.51m AT 49.93 g/t AuEq and 3.70m at 53.63 g/t AuEq

• JDD0022 recorded multiple intersections including 8.51 m at 48.56 g/t Au, 47 g/t Ag and 0.54% Cu (49.93 g/t AuEq) on the Judd Vein 1 (“J1”), approximately 50m to the South of the most southern development face on the 1265 Level.
  

  
  

• JDD0019 recorded multiple intersections including 3.70 m at 52.27 g/t Au, 39 g/t Ag and 0.60% Cu (53.63 g/t AuEq) on the J1 Vein.
  

  
  

• JDD0021 recorded multiple intersections including 8.35 m at 17.87 g/t Au, 28 g/t Ag and 0.67% Cu (19.18 g/t AuEq) on the J1 Vein.
  

  
  

• JDD0014 recorded multiple intersections including 4.91 m at 18.22 g/t Au, 39 g/t Ag and 1.94% Cu (21.48 g/t AuEq) on the J1 Vein.
  

  
  

• JDD0015 recorded multiple intersections including 1.90 m at 25.08 g/t Au, 22 g/t Ag and 1.07% Cu (26.88 g/t AuEq) on the J1 Vein.
  

  
  

• Mineralization is similar to Kora, an intrusive related Au-Cu-Ag epithermal vein system. Judd is open both up-dip and to depth, along strike, has been mapped over a +2.5km strike length while also representing a new mining front, with first stoping planned for Q4 and flat backing on the 1235 Level ahead of long hole stoping underway.

https://ceo.ca/@nasdaq/k92-min…01__eZXhe1oOhWmtX1aTs0Xpg

K92 Mining Announces Maiden Judd 1265 Level Development Results – 83 Metre Strike Averaged 16.48 g/t AuEq at 3.5 Metre J1 Vein Width

• The first Judd Vein #1 (“J1 Vein”) 1265 Level development results to date have recorded significant high-grade mineralization, with a strike length of over 83 metres and average vein thickness of 3.5 metres at 16.48 g/t gold equivalent (“AuEq”)⁽¹⁾ or 13.56 g/t Au, 1.77% Cu and 32 g/t Ag from channel sampling.
  

  
  

  
  

• The development drive reported solid geotechnical competency, multiple high-grade faces at significant frequency, with 57% of faces recording average J1 Vein grades of +10 g/t AuEq from channel sampling, and both the North and South development drive recorded high grade results. J1 Vein channel sampling results include:
  

  
  

  • 4.8m thickness at 68.62 g/t AuEq or 65.80 g/t Au, 1.45% Cu and 59 g/t Ag;
  • 4.0m thickness at 32.91 g/t AuEq or 25.25 g/t Au, 4.55% Cu and 94 g/t Ag;
  • 3.6m thickness at 27.65 g/t AuEq or 25.92 g/t Au, 0.85% Cu and 40 g/t Ag;
  • 1.9m thickness at 16.28 g/t AuEq or 6.49 g/t Au, 6.63% Cu and 32 g/t Ag;
  • 2.2m thickness at 14.83 g/t AuEq or 12.60 g/t Au, 1.29% Cu and 32 g/t Ag, and;
  • 3.1m thickness at 14.72 g/t AuEq or 11.17 g/t Au, 2.13% Cu and 41 g/t Ag.
    

    
    

• Mineralization style continues to be intrusive related, Au-Cu-Ag, and similar to Kora. The results compare favorably with reported drilling and the 1235 Level which recorded development over 288 metres with an average J1 Vein thickness of 3.7 metres at 11.64 g/t AuEq, including 179 metres at 3.7m vein thickness at 15.39 g/t AuEq.
  

  
  

• Following the positive drilling, underground development, and metallurgical results to date at the Judd Vein System, first Judd production stoping is planned for Q4 which will open up an entirely new production front. Jumbo flat backing in the 1235 Level in preparation for long hole stoping has already commenced.

https://ceo.ca/@nasdaq/k92-min…lE0FS19ykNN4gZSN-gtKMipbc

K92 Mining Releases Strong Q2 Financial Results and Record Mill Throughput

roduction

• Record quarterly tonnage of 75,667 tonnes treated, a 53% increase from Q2 2020.
• Quarterly gold equivalent (“AuEq”) production of 25,015 oz, or 22,153 oz gold, 1,098,730 lbs copper and 14,914 oz silver.
• Cash costs of US$736/oz gold and all-in sustaining costs (“AISC”) of US$1,057/oz gold ounce⁽²⁾.
• Production during the quarter was materially impacted by a surge in COVID-19 cases in Papua New Guinea and the suspension of expatriate travel between Australia and Papua New Guinea from mid-March to mid-May.
• K92’s operational resiliency and efficiencies in addressing COVID-19 challenges were reflected in operational performance in the second half of the quarter, with production totaling 16,284 oz AuEq. K92 expects the second half of the year to be notably stronger than the first, and the fourth quarter to be the strongest, bolstered by production stoping commencing on the Judd Vein System.

Financials

• Balance sheet remained strong during Q2. K92 fully repaid its debt during the first quarter and maintains a strong cash balance, ending the quarter with US$56 million as at June 30, 2021. As production in the second half of the quarter was the strongest, a notable number of sales were realized in the third quarter.
• Sold 18,939 oz of gold, 862,407 lbs of copper and 12,472 oz of silver in the quarter. Gold concentrate inventories of 5,456 oz as of June 30, 2021, a quarterly increase of 3,077 oz.
• Quarterly revenue of US$35.5 million and net income for Q2 of US$4.4 million or US$0.02 per share.
• Operating cash flow (before working capital adjustments) for the quarter of US$15.2 million or US$0.07 per share and earnings before interest, taxes, depreciation and amortization (“EBITDA”) of US$11.8 million or US$0.05 per share.

https://ceo.ca/@nasdaq/k92-min…-q2-financial-results-and

K92 Mining - 2021 Kainantu Virtual Site Tour Video Presentation

Torex Gold Reports Second Quarter Results and Provides Strategic Update

Jody Kuzenko, President & CEO of Torex, stated:
“Following the excellent performance through the first half of the year, we are well on track to deliver on full year production and cost guidance. The solid operational performance delivered by our team resulted in another strong financial quarter for Torex, with adjusted EBITDA of $122.1 million and adjusted net earnings of $47.4 million. The Company generated $82.4 million in operating cash flow and $21.9 million in free cash flow, even after accounting for the payment of $30 million related to government mandated profit-sharing (“PTU”) accrued during 2020. As a result, cash increased to $196.0 million from $172.0 million the prior quarter. Current total liquidity of over $345 million is expected to improve further in 2021 as the second half of the year is typically a seasonally stronger period for cash flow than the first half.

https://www.globenewswire.com/…des-Strategic-Update.html

Endeavour reports record Q2-2021 results; well positioned to achieve top-half of full year production guidance

OPERATIONAL AND FINANCIAL HIGHLIGHTS

• Q2-2021 production up 18% over Q1-2021 to 409koz, while AISC decreased by $15/oz to $853/oz
• Strong H1-2021 performance of 756koz at an AISC of $860/oz positions the Group well to meet the top half of its FY-2021 production guidance of 1,365-1,495koz at an AISC of $850-900/oz
• Adjusted Net Earnings (from cont. operations) of $183m or $0.73/share in Q2-2021; $276m or $1.20/share in H1-2021
• Operating Cash Flow before working capital (from cont. operations) of $286m or $1.13/share in Q2-2021; $549m or $2.39/share in H1-2021
• Healthy balance sheet at quarter-end with Net Debt to adjusted EBITDA leverage ratio of 0.07x; Net Debt decreased by $85m during the quarter to $77m and gross debt decreased by $120m

SHAREHOLDER RETURNS PROGRAMME

• First dividend of $60m paid on 5 February 2021 for the 2020 fiscal year
• Declaration of H1-2021 interim dividend of $70m, with record date set at 10 September 2021; well positioned to deliver more than the minimum committed dividend of $125m for the full year
• Share buybacks continue to supplement shareholder returns with a total of $70m of shares repurchased since April 2021, $59m of which were repurchased in Q2-2021

ORGANIC GROWTH

• Construction of Sabodala-Massawa Phase 1 expansion on schedule for completion by year-end; DFS underway for Sabodala-Massawa Phase 2 expansion, Fetekro, and Kalana projects
• Group on track to discover over 2.5Moz of Indicated resources in 2021; significant discoveries recently made at Ity, Houndé, Sabodala-Massawa and Fetekro

https://www.globenewswire.com/…-production-guidance.html

Turmalina Metals Corp.: Bohrungen bei SFdLA erweitern die hochgradige Mineralisierung, mit 17m mit 4,3% Cu, 0,64 g/t Au nd 108 g/t Ag (5,7% CuEq)
Vancouver, BC - 8. Juni 2021 - Turmalina Metals Corp. ("Turmalina" oder das "Unternehmen) (TSXV:TBX - WKN:A2PVJL - OTCQX: TBXXF) freut sich, bekannt zu geben, dass die Phase-3-Tiefenbohrungen beim Projekt San Francisco ("San Francisco" oder das "Projekt") auf der Brekzienröhre San Francisco de Los Andes ("SFdLA") weiterhin eine hochgradige Kupfer-Gold-Silber-Mineralisierung durchteufen und erweitern.

https://www.finanznachrichten.…8-g-t-ag-5-7-cueq-248.htm