Beiträge von Sorgenfrei

  • Equinox Gold Corp./ EQX (TSX, ASE)

    Equinox Gold Announces up to $200 Million in Gold Prepay and Gold Purchase and Sale Arrangements

    https://www.newsfilecorp.com/release/160251
    Vancouver, British Columbia--(Newsfile Corp. - March 28, 2023) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce it has completed a $140 million gold prepay arrangement. The Company has also signed a non-binding term sheet for an additional $50 million gold purchase and sale arrangement. These arrangements enhance the financial flexibility of the Company and provide additional cash liquidity at attractive terms as the Company continues to fund its 60% interest for construction of the Greenstone Gold Mine, which is on budget and on track for first gold production in the first half of 2024...

  • Royalty- und Streamingfirmen für Rohstoffe und Energie

    Ecora Resources PLC Announces Full Year Results
    https://www.goldseiten.de/arti…es-Full-Year-Results.html


    Financial Highlights:
    · Record FY22 portfolio contribution of $143.2m, up 67% on FY21 ($85.6m) as the portfolio benefited from stronger commodity prices for the majority of the year
    · Adjusted earnings of $87.9m, also representing a 67% increase on FY 21 ($52.3m) preserving profit margins despite inflationary backdrop
    · Adjusted earnings per share up 49% at 37.55c (2021: 25.18c)
    · Royalty and metal stream related revenue of $141.9m, up 66% on FY21 ($85.3m)
    · Profit before tax of $135.4m, up 147% on FY 21 ($54.6m)
    · Net debt as at 31 December 2022 of $36m (31 Dec 21: $90m), reflecting rapid deleveraging in 2022 as a result of strong cash generation
    · Borrowing facility extended by twelve months to February 2025
    · Final dividend proposed of 1.75p per share, bringing the total dividend for the year to 7p per share, as per guidance
    · Future facing commodities now represent 85% of the Group's royalty assets on balance sheet at YE 22 (YE 21: 75%)


    Portfolio Highlights
    · Added medium term growth through the acquisition of a portfolio of royalties over advanced stage copper and nickel projects from South32, including royalties over the West Musgrave and Santo Domingo projects, for a fixed consideration of $185m with further contingent consideration of up to US$15m
    · Construction commenced on the West Musgrave copper nickel project with production forecast by OZ Minerals to start in H2 25
    · BHP reached an agreement to acquire 100% of the shares in OZ Minerals (subject to various conditions) in a transaction that will see BHP become operator of the West Musgrave development
    · Capstone Copper published the Mantoverde-Santo Domingo District Integration Plan, detailing the path towards a world class mining district in the Atacama region of Chile
    · Brazilian Nickel announced first nickel production from the small scale PNP1000 plant at the Piauí nickel and cobalt project in Brazil with the full-scale construction financing process now underway
    · The Queensland Government added new tiers to the statutory royalty regime, significantly increasing royalty revenue from the Group's Kestrel royalty entitlement at prices above A$175/tonne from 1 July 2022, increasing the weighted average royalty rate from 13% in H1 22 to 23% in H2 22


    Outlook:
    · Copper, steel making coal, uranium and iron ore pellet prices have started the year strongly
    · Cobalt and nickel prices have weakened YTD reflecting increased supply and, in the case of cobalt, a reduction in demand for consumer electronics. Class 1 nickel markets remain tight, and the medium-long term outlook for both commodities remains strong
    · Kestrel saleable volumes produced within the Group's private royalty area in 2023 are expected to be primarily weighted towards Q1 and Q4, with total saleable volumes from the Group's area approximately half those during 2022
    · Voisey's Bay stream expected to generate 13-15 deliveries of cobalt in 2023 (each delivery is 20 tonnes of which 70% to attributable to Ecora), compared to 19 received in 2022, due to the transition from end of life open pit operations to the underground mine life extension which is expected to ramp up from 2024
    · Capstone Copper announced commercial production following the Mantos Blancos Phase I expansion, and is now evaluating the potential to increase throughput of the Mantos Blancos sulphide concentrator plant from 7.3 million tonnes per year to 10.0 million tonnes per year. The Mantos Blancos Phase II feasibility study is expected to be released in H2 23
    · Cameco has reversed an earlier decision to operate the Cigar Lake mine at 75% of production capacity in 2024 and it is now planned to operate the mine at full licensed capacity of 18Mlbs
    · Remain in discussions with the operator of EVBC following recent margin pressure, and it is likely that in the short term a portion of cash royalties, including H2 22, will be deferred until a later date
    · Production volumes at the Group's other royalty assets for 2023 are expected to be broadly in-line with 2022 levels
    · Updated Santo Domingo feasibility study expected in H2 23 as Capstone Copper plans to take advantage of the proximity synergies with the existing Mantoverde operation and infrastructure
    · Retain a strong balance sheet from which to pursue future growth opportunities as we continue to transition our portfolio towards future facing metals
    · Dividend to be rebased to US$ at twelve month average USD:GBP exchange rate of 1.21. 7p per share dividend to be converted and rounded up to 8.5¢ per share, resulting in quarterly payments of 2.125¢ per share, commencing from Q1 23.


    https://www.ecora-resources.co…s_presentation_vFinal.pdf

  • Kupferaktien: Minen, Produzenten, Verarbeiter

    Lundin Mining to Acquire a Majority Interest in the Caserones Copper Mine in Chile
    https://www.newswire.ca/news-r…e-in-chile-845789630.html
    TORONTO, March 27, 2023 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce it has entered into a binding purchase agreement with JX Nippon Mining & Metals Corporation and certain of its subsidiaries (collectively, "JX"), to acquire fifty-one percent (51%) of the issued and outstanding equity of SCM Minera Lumina Copper Chile ("Lumina Copper"), a wholly owned subsidiary of JX which operates the Caserones copper-molybdenum mine ("Caserones") located in Chile (the "Acquisition"). JX will receive upfront cash consideration from Lundin Mining of $800 million, and in addition, $150 million in deferred cash consideration will be payable by Lundin Mining in installments over a six-year period following the closing date. Lundin Mining will also have the right to acquire up to an additional 19% interest in Caserones for $350 million over a five-year period commencing on the first anniversary of the date of closing. Additional details are provided below.


    Related Documents
    [Blockierte Grafik: https://mma.prnewswire.com/media/2041310/Lundin_Mining_Corporation_Lundin_Mining_to_Acquire_a_Majority_In.pdf?p=pdfthumbnail]





    Acquisition Rationale

    • Aligned with strategic goals – delivers a large-scale, long-life copper operation with favorable cash flow generation, complementing Lundin Mining's existing operations and overall copper-dominant portfolio of high-quality base metal mines.
    • Enhances copper production profile – increases exposure to a highly desired base metal and on a pro forma basis would have increased Lundin Mining's 2022 copper production by 50%1. This will further solidify Lundin Mining's position as a meaningful copper producer globally.
    • Immediate free cash flow contribution – underpinned by competitive cash costs and modest capital expenditures, and significantly accretive to operating cash flow per share metrics.
    • Continued balance sheet strength – remains a high priority for Lundin Mining, and financial leverage continues to be low in relation to internal targets and to comparable mining peers. The Company retains healthy liquidity headroom on its $1.75 billion revolving facility after accounting for the upfront cash consideration for the Acquisition.
    • Upside opportunities – through expected operational improvements under Lundin Mining's management, including initiating drill programs. The producing operation comes with a mineral property package in a highly prospective district and Lundin Mining believes significant exploration potential exists.
    • Potential synergies – proximity to Lundin Mining's Candelaria operations (~160 km from Caserones) introduces opportunities to realize additional savings and implement effective supply, logistical and management strategies.
    • Chile is a well-established Tier-1 mining jurisdiction – Lundin Mining has made a significant investment in the region and the country, and can leverage its operating experience, as well as local regulatory and community relationships.
    • Attractive call option – clear path for Lundin Mining to increase ownership up to 70% and strengthen its presence in a leading copper mining district.
    • Strengthening partnerships – JX has extensive operational knowledge, which will help Lundin Mining to realize the full potential of the Caserones mining operation.

    [Blockierte Grafik: https://pbs.twimg.com/media/FsRY6X9agAId-0P?format=png&name=small]

  • Gold Royalty / GROY (ASE)

    GOLD ROYALTY CORP. ANNOUNCES QUARTERLY RESULTS AND FORECASTS CONTINUED GROWTH IN 2023
    https://www.prnewswire.com/new…th-in-2023-301782603.html
    Highlights for the three months ended December 31, 2022, include:

    • Total Revenue and Option Proceeds of $1.1 million for the three months ended December 31, 2022, an 11% increase from the three months ended December 31, 2021. "Total Revenue and Option Proceeds is a non-IFRS Measure. See "Non-IFRS Measures".
    • With approximately $35 million in available liquidity, inclusive of a $15 million accordion feature in its credit facility (available subject to certain additional conditions), the Company is positioned well for further growth.
    • The Company forecasts between $5.5 million and $6.5 million in Total Revenues and Option Proceeds in 2023.
    • Gold Royalty now holds 216 royalties with a focus on the top ranked mining jurisdictions in the Americas (Fraser Institute Annual Survey of Mining Companies 2021 Investment Attractiveness Index).
    • Gold Royalty declared its fifth consecutive quarterly dividend in 2022, yielding over 1.8% at current share prices.

  • K92 Mining / KNT (CVE)

    K92 Mining Announces the Death of Chairman, R. Stuart “Tookie” Angus
    https://ceo.ca/@GlobeNewswire/…eath-of-chairman-r-stuart
    VANCOUVER, British Columbia, March 27, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces with profound sadness the death of our Chairman, fellow director and friend, R. Stuart “Tookie” Angus. A deeply respected business advisor to the mining industry, an admired leader and a mentor to many, he had been Chairman of the Company since its inception and its acquisition of the Kainantu Project in 2014.


    R.I.P "Tookie"

  • Generation Mining / GENM (TSX)

    Generation Mining Finalizes Offtake Term Sheet with Glencore for Copper Concentrate
    March 27, 2023 06:31 AM Eastern Daylight Time
    TORONTO--(BUSINESS WIRE)--Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) has finalized an offtake term sheet with Glencore International AG (“Glencore”) for copper concentrate, containing copper, palladium, platinum, gold, and silver, to be produced at Gen Mining’s Marathon Palladium-Copper Project, located near Marathon, Ontario.
    Under the term sheet, Glencore will purchase an average of 50% of the total copper concentrate to be produced from the Marathon Palladium-Copper Project. It is expected that production from the Marathon Project will be treated by Glencore’s Horne smelter in Quebec, Canada. The term sheet includes anticipated specifications for the polymetallic copper concentrate expected to be produced at the Marathon Project, treatment and refining charges, and applicable penalties, if any, for deleterious elements. Metallurgical testwork has indicated that the concentrate is unlikely to incur any penalties. The term sheet remains subject to final documentation, including customary offtake terms and conditions.
    This offtake term sheet also provides additional benefits for Gen Mining, including attractive metal payment terms, credit support from Glencore for the Project’s environmental reclamation financial surety requirements, and working capital facilities.
    Gen Mining has also finalized an offtake term sheet with a European integrated copper group which will purchase the balance of the concentrate produced by the Marathon Project, and such offtake agreement will underpin the provision of certain loan guarantees in support of the construction financing for the Marathon Project, all of which remains subject to final documentation and the requisite approvals.
    Commenting on these arrangements Jamie Levy, President and CEO said, “We are pleased to have Glencore as an offtake partner as we advance the Marathon Palladium Copper Project to construction and production. These offtake arrangements will ensure the Marathon Project has customers for its production and will enable downstream processing of critical minerals in Canada. Moreover, this provides a strong commercial commitment from a highly regarded counterparty to support our expected project financing requirements. This represents just one more major milestone in the development of the Marathon Project, with more to come.”
    The Company expects to enter into final, binding offtake agreements for 100% of the production in conjunction with the completion of its project financing, anticipated later this year.
    About the Company
    Gen Mining’s focus is the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Company released the results of the Project Feasibility Study on March 3, 2021 and published the NI43-101 Technical Report dated March 25, 2021. The Marathon Property covers a land package of approximately 22,000 hectares, or 220 square kilometers. Gen Mining owns a 100% interest in the Marathon Project and once constructed, it is expected to have a low carbon footprint. For more information, please review the detailed Feasibility Study dated March 25, 2021, filed under the Company’s profile at SEDAR.com.
    About Glencore
    Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly sourced commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, Glencore produces, processes, recycles, sources, markets, and distributes the commodities that enable decarbonization while meeting the energy needs of today.
    Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. They also provide financing, logistics and other services to producers and consumers of commodities.
    Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. They are an active participant in the Extractive Industries Transparency Initiative.


    https://www.businesswire.com/news/home/20230327005266/en/

  • Bankensterben -Welche ist die nächste?

    Saudi National Bank chair resigns after Credit Suisse storm
    https://seekingalpha.com/pr/19…asComeFromMpArticle=false
    ...Gulf Arab investors in Saudi Arabia and Qatar have been among some of those hardest hit by Credit Suisse's collapse.


    “The Saudi National Bank was a top stakeholder ... and now faces over $25 billion of losses. The Saudi conglomerate Olayan Group also had a 3.27% stake in Credit Suisse,” Oxford Economics said Thursday. “The Qatar Investment Authority had a 6.8% holding and was a major landlord for the bank’s London branch. However, we expect the turmoil to be contained to short-term financial market disruption with limited spill over.”

  • Royalty- und Streamingfirmen für Rohstoffe und Energie


    Nova Royalty Corp (NOVRF) Q4 2022 Earnings Call Transcript


    https://seekingalpha.com/artic…-earnings-call-transcript

  • Tudor Gold Corp. / TUD (CVE)

    Tudor Gold Announces Upsized $16 Million Bought-Deal Private Placement Offering, With Participation By Mr. Eric Sprott
    https://ceo.ca/@GlobeNewswire/…ed-16-million-bought-deal
    VANCOUVER, British Columbia, March 24, 2023 (GLOBE NEWSWIRE) -- Tudor Gold Corp. (TSXV: TUD) (the “Company”) is pleased to announce that, due to strong investor demand, it has entered into an amended agreement with Research Capital Corporation, as the lead underwriter and sole bookrunner (the “Lead Underwriter”), on behalf of a syndicate of underwriters, including Red Cloud Securities Inc. and Roth Canada, ULC (collectively, the “Underwriters”), to increase the size of its previously announced bought-deal, private placement offering from $10,000,000 to approximately $16,000,000 in aggregate gross proceeds to the Company (the “Offering”). Mr. Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to subscribe in the Offering.

  • Western Copper & Gold Corp. / WRN (TSX, NYSE)

    WESTERN COPPER AND GOLD ANNOUNCES STRATEGIC INVESTMENT BY MITSUBISHI MATERIALS CORPORATION




    https://www.prnewswire.com/new…orporation-301780708.html
    VANCOUVER, BC, March 24, 2023 /PRNewswire/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces a strategic equity investment by Mitsubishi Materials Corporation ("Mitsubishi Materials") to further advance the Company's copper-gold Casino Project in the Yukon.
    Mitsubishi Materials has agreed to acquire that number of common shares of the Company (the "Shares") that will represent approximately 5.0% of Western's issued and outstanding Shares, on an undiluted basis, following completion of the investment, at a price of C$2.63 per Share.
    The exact number of Shares to be issued, and proceeds to be received, by the Company will depend on whether Rio Tinto Canada Inc. ("Rio Tinto") elects to exercise its pre-existing right to participate on a pro rata basis in equity financings by the Company to maintain its current ownership interest, which based on public filings is approximately 7.84%.