Wheaton Precious Metals Announces 2022 Production and Sales Results and Forecasts Over 30% Long-Term Growth
https://www.prnewswire.com/new…erm-growth-301752367.html
VANCOUVER, BC, Feb. 21, 2023 /PRNewswire/ - "Wheaton delivered solid production results at the low end of guidance despite facing a number of headwinds in 2022. In addition, we took steps to optimize our portfolio as part of our responsibility to manage our existing assets and to ensure we are well positioned for a period of prolonged growth," said Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals. "Wheaton further diversified its asset base in 2022 by adding four additional streams on development assets, which will contribute to our steady organic growth over the next five years. Given the strong tenure of our reserve and resource base, we are also pleased to continue to present ten-year production guidance highlighting the long-term strength in our portfolio."
Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") will provide full production and financial details with the release of its 2022 fourth quarter and full year results on Thursday, March 9, 2023, after market close.
Beiträge von Sorgenfrei
-
-
Rio Tinto delivers underlying EBITDA of $26.3 billion and total dividends of 492 US cents per share
Rio Tinto Chief Executive Jakob Stausholm said: "We are building a stronger Rio Tinto and delivering against our four objectives. Our operational performance has improved, as evidenced by a number of second half records being set at our Pilbara iron ore mine and rail system. We are also investing for the future, doubling our stake in the Oyu Tolgoi copper-gold project in Mongolia through the acquisition of Turquoise Hill Resources, progressing the Rincon Lithium Project in Argentina and reaching milestone agreements that underpin the long-term success of our Pilbara iron ore business.
"We continue to focus on making lasting change to strengthen our workplace culture and to building better relationships with Indigenous peoples, communities and other partners. At all times we will seek to find better ways, in line with our purpose. We clearly have more to do but I am encouraged by the progress we are making.
"Despite challenging market conditions, we remain resilient because of the quality of our assets, our great people and the strength of our balance sheet. That is why we delivered strong financial results with underlying EBITDA of $26.3 billion, free cash flow of $9.0 billion and underlying earnings of $13.3 billion, after taxes and government royalties of $8.4 billion. This enables us to continue to invest in strengthening the business while also paying a total dividend of $8.0 billion, a 60% payout, in line with our policy.
"The uplift in our operational performance, strengthening of external relationships and investment in the long-term strength of the business ensure we will be able to continue to pay attractive dividends and invest in sustaining and growing our portfolio, while contributing to society's drive to net zero."
https://www.goldseiten.de/arti…2-US-cents-per-share.html -
Sandstorm Gold Royalties Announces Record 2022 Annual Results
https://www.prnewswire.com/new…al-results-301752394.html
FULL YEAR HIGHLIGHTS- Record attributable gold equivalent ounces1 of 82,376 ounces (FY 2021 — 67,548 ounces);
- Record revenue of $148.7 million (FY 2021 — $114.9 million);
- Record cash flows from operating activities, excluding changes in non-cash working capital1 of $109.8 million (FY 2021 — $83.5 million);
- Record net income of $78.5 million (FY 2021 — $27.6 million);
- Average cash cost per attributable gold equivalent ounce1 of $284 resulting in cash operating margins1 of $1,511 per ounce (FY 2021 — $249 per ounce and $1,539 per ounce respectively);
- Closing of Transformative Acquisitions: The acquisition of Nomad Royalty Company Ltd. and the BaseCore Metals LP royalty portfolio propel the Company forward in both size and scale while solidifying Sandstorm's position amongst its peers as the go-to mid-tier streaming and royalty company.
- BaseCore Portfolio: In July 2022, the Company closed its previously announced agreement to acquire nine royalties and one stream from BaseCore Metals LP. The royalty package includes exposure to high-quality, long-life assets of which three are on currently producing interests, including a net profits interest on the Antamina copper mine in Peru.
- Nomad Royalty Company: In August 2022, the Company completed the acquisition of all issued and outstanding common shares of Nomad Royalty Company Ltd. ("Nomad"). Nomad is a high-growth precious metals-focused royalty company with a portfolio of 20 royalty and stream assets, of which seven are on currently producing mines. Through the Nomad acquisition, Sandstorm adds several high-quality and low-cost assets to its portfolio, meaningfully increasing Sandstorm's production profile in both the near and long-term.
- Creation of Strategic Partner, Horizon Copper: In August 2022, the Company closed a component of its arrangement with Horizon Copper Corp. ("Horizon Copper") to spin out a number of assets and retain precious metal streams along with a portion of debt and equity interest in Horizon Copper. The transaction repositions Sandstorm as a pure-play precious metals royalty and streaming company, while creating a key strategic growth partner for Sandstorm. Horizon Copper's business intent is to become an aggressive consolidator of quality copper assets while providing Sandstorm the option to help fund acquisitions via precious metal by-product streaming contracts.
- Creation of Sandbox Royalties: In June 2022, Sandstorm and Equinox Gold Corp. ("Equinox") each closed their previously announced purchase and sale agreements with Sandbox Royalties Corp. ("Sandbox") whereby Sandbox acquired a portfolio of royalties from both Sandstorm and Equinox. Sandbox will have exposure to a range of resource royalties, immediate cash flow from producing royalties, and significant leverage to strengthening metal prices and resource growth. Sandstorm and Equinox both hold significant equity positions in Sandbox, providing the opportunity to participate in and facilitate the future growth of Sandbox.
- Other Notable Events:
- Hod Maden Milestones: With the awarding of the key permit from the Turkish Ministry of Forestry in 2022, the Hod Maden project has moved into the next stage of development including securing project debt financing and initiating early works construction items.
- Expanded Credit Facility: In August 2022, Sandstorm amended its revolving credit agreement allowing the Company to borrow up to $625 million. The facility maintains its sustainability-linked performance targets. As of February 21, 2023, $486 million remains outstanding under the Company's credit facility.
- Equity Financing: On October 4, 2022, the Company completed an equity financing for aggregate gross proceeds of $92.1 million. Upon closing of the financing, the majority of the net proceeds were used to reduce amounts drawn under the Company's revolving credit facility.
-
-
-
[Blockierte Grafik: https://pbs.twimg.com/media/Fp…adl?format=jpg&name=small]
https://www.abrasilver.com/new…at-the-la-coipita-project
The Phase III drill program is now expected to consist of approximately 22,000 metres of diamond drilling, up from 15,000 metres, using two diamond drill rigs. Phase III drilling is designed to delineate a maiden Mineral Resource estimate on the recently discovered JAC zone, located several hundred metres southwest of the conceptual open pit that constrains the current Mineral Resource estimate on the main Oculto deposit. Additional drill holes are required as mineralization at the JAC zone remains open in most directions.
To date, the Company has completed approximately 12,200 metres of drilling, in 60 holes, as part of the Phase III program. The expanded program is expected to be completed in July 2023, and will be followed by an updated Mineral Resource estimate (“MRE”) and a Pre-Feasibility Study (“PFS”) on the Diablillos project in Q4/2023.
The main objectives of the expanded Phase III drill program are listed below (see Figure 1):- Systematically drill off silver-dominant mineralisation at the JAC zone in order to estimate Measured and Indicated Mineral Resources that can be incorporated into the planned MRE and PFS.
- Delineate the margins of the JAC zone and conduct geotechnical drilling necessary for a conceptual open pit design.
- Potentially conduct reconnaissance drilling at other targets on the Diablillos land package, including Fantasma, Alpaca and the Southern Zone.
Additionally, the Company is pleased to announce the commencement of its second drill campaign at the La Coipita Project (“La Coipita”), located in the San Juan province of Argentina. Further details are provided in the ‘Commencement of Drilling at La Coipita Project’ section below.
[Blockierte Grafik: https://www.abrasilver.com/_re…news/nr-20230221-fig1.jpg] -
Hecla Confirms Letter of Intent to Acquire ATAC Resources
https://www.businesswire.com/news/home/20230221005347/en/
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) (the “Company”) acknowledges that it has entered into a non-binding Letter of Intent (the “LOI”) to acquire ATAC Resources Ltd. (“ATAC”) and its Rackla and Connaught projects in Yukon, Canada.
Under the proposed transaction, the Company would acquire all of the issued and outstanding shares of ATAC for C$0.14 per ATAC share, for a consideration of C$31 million, payable in shares of Hecla common stock. The Company intends to make a C$2.0 million strategic investment into a new exploration company (“Spinco”) which would hold the remaining assets of ATAC. The Company would also acquire (i) a right of first refusal to acquire any or all of the Spinco Assets, and (ii) a number of units of Spinco (the “Spinco Units”) such that it would own 19.9% of Spinco’s issued and outstanding common shares following completion of the strategic investment. Each Spinco Unit would contain one common share of Spinco (a “Spinco Share”) and one warrant (a “Spinco Warrant”). Each Spinco Warrant would entitle the Company to purchase one additional Spinco Share for a period of five years at the same price as a Spinco Unit.
The key provisions of the LOI are non-binding and any acquisition would only occur pursuant to a definitive agreement with customary representations, warranties, covenants and conditions to closing. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated with ATAC. The Company has entered into an exclusivity period of 30 days with ATAC. -
Februar `23 Präsentation:
Europe's new source of strategic metals
https://www.adriaticmetals.com…ation_feb2023%5b90%5d.pdf -
Update on Gold Stream Repurchase Agreement
https://www.londonstockexchang…rchase-agreement/15843052
Rambler Provides an Update on its Gold Stream Repurchase Agreement
London, England - Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a copper and gold producer, explorer, and developer, announces an update regarding its gold streaming repurchase agreement with Sandstorm Gold Ltd. ("Sandstorm") (the "Agreement"), in relation to production from its 100% owned Ming Mine, located in Newfoundland, Canada.
As noted in the Company's announcements of 17 March 2022 and 4 April 2022, the Company entered into a gold streaming repurchase agreement with Sandstorm, pursuant to which the consideration for the repurchase was US$7m less payable gold delivered by the Company since 1 October 2021 and 1,150 oz of gold to be delivered over the 18 months following the closing of the Agreement. Rambler has delivered 192 ounces of gold pursuant to the Agreement, leaving 958 ounces of gold remaining to be delivered to complete the terms of the Agreement.
No sale and delivery of refined gold to Sandstorm has occurred for the last seven months, being August 2022 to February 2023 inclusive, totalling 448 ounces of refined gold, and therefore an event of default has occurred, as defined in the Agreement.
Pursuant to the existing Agreement, Rambler has 10 days, from 16 February 2023, to either deliver 958 ounces of gold or make a cash payment to Sandstorm of approximately CND 2.36 million. Sandstorm and Rambler intend to enter discussions regarding a solution to the default.
At this stage there can be no guarantee that Sandstorm will agree to defer or reschedule the sale and delivery of gold pursuant to the Agreement, or the terms on which any deferral will be agreed. Accordingly, the Company's financial position remains uncertain.
In addition, Rambler remains in discussions with several groups as the Company seeks to restructure its finances. Further announcements will be made as appropriate. -
Sibanye-Stillwater Mineral Resources and Mineral Reserves declaration as at 31 December 2022
https://thevault.exchange/?get…n-31Dec2022-17feb2023.pdf
MARKET RELEASE
Sibanye-Stillwater Mineral Resources and Mineral Reserves declaration as at 31 December 2022
Johannesburg, 17 February 2023: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) is pleased to report attributable Group Mineral Resources and Mineral Reserves as at 31 December 2022.
The declared Mineral Resources and Mineral Reserves for the Group's managed operations and projects are the
outcome of a detailed annual operational and life of mine (LoM) planning process and are indicative of the
considerable underlying mineral assets base which supports sustainable long-life production.
The Group has established a diversified portfolio of assets across five continents, with substantial Mineral Resources underpinning long life production of a diverse mix of metals and minerals - which reduces risk and supports its strategy of producing green metals and future energy solutions.
This Mineral Resource and Mineral Reserve declaration represents a condensed and consolidated summary of the full Sibanye-Stillwater Mineral Resource and Mineral Reserve declaration which will be available in the Group Mineral Resource and Mineral Reserve Report, when published on 24 April 2023 at http://www.sibanyestillwater.c…investors/reports/annual/.1. Salient features
• A maiden lithium (Li) Mineral Reserve of 193.6kt of Lithium Carbonate Equivalent (LCE), and a 133% increase in
Li Mineral Resources to 452.9kt of LCE
– Continuous execution and delivery on the Group’s green metals strategy with an increased focus on battery
metals, has led to an increase in attributable ownership of the Keliber project in Finland from 26.6% to 84.96%
– The declaration of Mineral Reserves follows the completion of a positive Feasibility Study (FS) and the approval
for the construction of the Keliber project
– Ongoing, successful exploration at the large and prospective mineral tenement holdings at Keliber also
contributed an additional 30.4kt of attributable LCE Mineral Resource• 2E PGM Mineral Reserves of 26.3Moz and Mineral Resources of 84.2Moz following the repositioning of our US PGM operations and consequent update of the life of mine (LoM) plans
– The Mineral Reserves supports a 42 year LoM, building up to 700koz of annual production by 2026
– The estimates reflects minor year-on-year decreases of 3.6% and 6.1% respectively, due to enhanced t in
estimation methodologies, with considerable Mineral Reserve upside potential remaining, based on the very
large Inferred Resource base of 44.8Moz• 31.4Moz 4E PGM Mineral Reserves at our SA PGM operations, and a 1.5% increase in Mineral Resources to
177.3Moz
– The 2.3% decrease in Mineral Reserves was principally driven by depletion of 2.7Moz during 2022, partly off-set
by the conclusion of a positive FS at the 50% owned Mimosa North Hill project (+1.5Moz), which is currently
under board consideration for construction
– The large 4E PGM Mineral Resources base at the SA PGM operations provide significant opportunity to
increase future Mineral Reserves, extending the life of the operations and unlocking substantial value, subject
to the necessary studies being completed and a supportive investment environment• Stable Mineral Reserves of 12.9Moz (-0.6%), and Mineral Resources of 69.3Moz (-7.2%) at our SA gold operations
and projects (including DRDGOLD) -
Elemental Altus Provides Update on Its Gold Purchase and Sale Agreement Involving the Ming Mine
https://www.newsfilecorp.com/release/155287 -
RECCOMENDATION: TENDERTARGET: C$1.87/sh
•Too much upside left on the table for SBB holders, offset by ability to ride the upside with B2
•Technical de-risking and ability to expand faster offset upside left on table
•B2 re-rate on diversification, combined with the above, lean us to move our rating to TENDERYesterday’s bid is a tales of two sides –on one half we see a whole lot of upside being left on the table, not just simple upside to production metrics, but upside to probably 500koz pa for >20Y ‘when all done and dusted’. On the other side, we see a whole lot of risk (technical leading to equity dilution) being removed. On an utopian ‘excel’ basis, we wouldn’t be supportive. However, the reputation of B2, combined with some simple analysis below showing the upside to B2, means this all-paper offer actually offers investors the ability to continue to ride that future upside. The swing vote that tips up in favor of tendering to the bid is ’time’. The heavy debt package on the build realistically takes exploration (and expansion) upside and pushes it back years until the debt is repaid. This upside is now on the table for B2 to get stuck into immediately.
https://sprott.com/media/6164/230214-sbb-scp-b2gold.pdf -
AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS - LARGER ASSET PORTFOLIO DRIVES RECORD ANNUAL GOLD PRODUCTION, OPERATING CASH FLOW AND GLOBAL MINERAL RESERVES; UPDATED THREE YEAR GUIDANCE PROVIDED; 2023 FOCUS ON OPTIMIZING DETOUR LAKE AND CANADIAN MALARTIC AND LEVERAGING EXCESS MILL CAPACITY IN THE ABITIBI REGION TO ADVANCE KEY PIPELINE PROJECTS
https://www.prnewswire.com/new…cus-on-opt-301749349.html
Fourth quarter and full year 2022 highlights – Solid Operational Performance, Important Strategic Consolidations
In the fourth quarter of 2022 and throughout 2022, Agnico Eagle delivered solid operating performance in a challenging cost and workforce environment. The Company had strong production and cost control, increased mineral reserves and mineral resources, progressed expansion projects and delivered the best safety performance in the Company's 66-year history. The year also saw important strategic acquisitions aimed at furthering Agnico Eagle's core strategy of consolidating positions in premier mining jurisdictions, with the integration of Kirkland Lake Gold, and the announced acquisition of Yamana Gold's Canadian assets (including the other half of the world-class Canadian Malartic mine).- Operations delivered in the fourth quarter despite challenging cost environment – Payable gold production1 in the fourth quarter of 2022 was 799,438 ounces at production costs per ounce of $834, total cash costs per ounce2 of $863 and all-in sustaining costs ("AISC") per ounce3 of $1,231. Quarterly unit costs were affected by the impact of inflationary pressures at the Nunavut and Kittila operations and lower production at LaRonde, Kittila and Pinos Altos
- Solid quarterly financial results – The Company reported quarterly net income of $0.45 per share in the fourth quarter of 2022, with adjusted net income4 of $0.41 per share. Operating cash flow was $0.84 per share
- Record annual gold production and operating cash flow resulting from solid operational performance across the recently integrated asset portfolio – Payable gold production in 2022 was 3,135,007 ounces at production costs per ounce of $843, total cash costs per ounce of $793 and AISC per ounce of $1,109. Including the full year of production from the legacy Kirkland Lake Gold mines, which were acquired on February 8, 2022, total payable gold production in 2022 was 3,280,731 ounces at production costs per ounce of $821, total cash costs per ounce of $780 and AISC per ounce of $1,090, in line with the mid-point of 2022 production guidance and slightly above the top end of the cost guidance announced in February 2022
- Gold mineral reserves increased to a record level – Year-end 2022 gold mineral reserves increased by 9% to 48.7 million ounces of gold (1,186 million tonnes grading 1.28 grams per tonne ("g/t") gold). The year-over-year increase in mineral reserves is largely due to significant additions at Detour Lake as well as successful conversion of mineral resources at several other operations. At year-end 2022, measured and indicated mineral resources were 44.2 million ounces (1,178 million tonnes grading 1.17 g/t gold) and inferred mineral resources were 26.3 million ounces (311 million tonnes grading 2.63 g/t gold)
- Acquisition of Yamana's Canadian assets expected to close in March 2023, leading to continued consolidation of the Abitibi gold belt – The pending acquisition of Yamana Gold's Canadian assets ("Yamana Transaction") is expected to close in March 2023, subject to regulatory approvals. Following closing, the Company will own 100% of the Canadian Malartic mine, 100% of the Wasamac project located in the Abitibi region of Quebec and several other exploration properties located in Ontario and Manitoba. The Yamana Transaction further solidifies the Company's presence in the Abitibi gold belt, a region of low political risk and high geological potential, where the Company has a strong competitive advantage from having operated there for over 50 years. With the acquisition, the Company's production in the Abitibi gold belt is forecast to be approximately 1.9 million ounces to 2.1 million ounces of gold per year through 2025
-
Lion One Accelerates Mine Development and Construction at The Tuvatu Alkaline Gold Project in Fiji
https://www.newsfilecorp.com/release/155054
-
EarthLabs Announces Completion of Change of Business to Technology/Investment Issuer
https://www.newsfilecorp.com/release/155056 -
-
-
-
GOLD ROYALTY DECLARES FIRST QUARTER 2023 DIVIDEND AND INTRODUCES A DIVIDEND REINVESTMENT PLAN
https://www.prnewswire.com/new…tment-plan-301748391.html
VANCOUVER, BC, Feb. 16, 2023 /PRNewswire/ - Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that its board of directors has declared the Company's first quarter 2023 cash dividend of US$0.01 per common share and adopted a dividend reinvestment plan (the "DRIP").
First Quarter 2023 Dividend
The dividend will be paid on April 13, 2023 to shareholders of record as of the close of business on March 31, 2023. -
[Blockierte Grafik: https://mms.businesswire.com/m…ed%2C_black_lettering.jpg]
Royal Gold Reports a Strong Finish to Calendar 2022 with Solid Operating and Financial Results for the Fourth Quarter of 2022
https://www.businesswire.com/news/home/20230215005838/en/
DENVER--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold,” the “Company,” “we,” “us,” or “our”) reports net income of $239.0 million, or $3.63 per share, for the year ended December 31, 2022, on revenue of $603.2 million and operating cash flow of $417.3 million. Adjusted net income1 was $226.1 million, or $3.43 per share.
“Royal Gold Announces Acquisition of Additional Royalty Interests on the World-Class Cortez Gold Complex in Nevada and Outlines Simplified Approach to Describing Royal Gold’s Multiple Royalty Interests at Cortez”
[/quote]For the quarter ended December 31, 2022 (“fourth quarter”), net income of $56.4 million, or $0.86 per share, was reported on revenue of $163.0 million and operating cash flow of $101.0 million. Adjusted net income1 was $59.7 million, or $0.91 per share.
Production volume of 335,100 GEOs2 for 2022 was within the guidance range of 315,000 to 340,000 GEOs. On a comparable basis, at previously-provided guidance prices3 and after excluding the contribution of royalty ounces for transactions completed during 20224, production volume for 2022 was within the top half of the guidance range at approximately 333,700 GEOs.
2022 Highlights:- Revenue of $603.2 million, operating cash flow of $417.3 million, and earnings of $239.0 million
- Revenue split: 73% gold, 11% silver, 12% copper
- Production volume of 335,100 GEOs, within the guidance range of 315,000-340,000 GEOs4
- Acquired two royalties on the world-class Cortez Complex in Nevada
- Acquired royalty on the emerging Great Bear project in Ontario
- Khoemacau stream rate increased to 100% of payable silver
- Achieved full repayment of advance stream deposit at Mount Milligan in British Columbia
- Added to S&P High Yield Dividend Aristocrats Index
- Issued inaugural ESG Report
Fourth Quarter 2022 Highlights:
- Increased dividend for the 22nd consecutive year to $1.50 per share, a 7% increase over the prior year
- Updated Mount Milligan life of mine plan extends life to 2033
- Acquired Idaho Royalty on the Cortez Complex
- Khoemacau achieved target production rate