Beiträge von Sorgenfrei
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Tenaz Energy; A Masterclass in Value Creation
“I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.” — Warren Buffett
Tenaz Energy; A Masterclass in Value Creation - Micro Math Capital“I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.” — Warren Buffett Investing in small-cap companies offers a unique…micromathcapital.com -
5 Top Canadian Oil and Gas Dividend Stocks in 2024Canadian oil and gas stocks have faced a rollercoaster ride over the past few years.However, analysts remain optimistic about the sector, and there are signs…investingnews.com -
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Wheaton Precious Metals Announces the Acquisition of a Gold Stream from Allied Gold's Kurmuk Project/CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals...www.newswire.ca
Transaction Key Terms
(All values in US$ unless otherwise noted)- Gold Stream Upfront Consideration: WPMI will pay Allied total upfront cash consideration of US$175 million (the "Deposit") in four equal installment payments during construction, subject to certain customary conditions.
- Streamed Metal: WPMI will purchase 6.7% of the payable gold until a total of 220 thousand ounces ("Koz") of gold has been delivered, at which point WPMI will purchase 4.8% of the payable gold for the life of mine. During any period in which debt exceeding US$150 million ranks ahead of the Gold Stream, the stream percentage increases to 7.15% and decreases to 5.25% once the drop-down threshold is reached. Payable gold is calculated using a fixed payable factor of 99.95%.
- Production Profile1: Attributable Gold Stream production is forecast to average over 16 Koz of gold per year for the first ten years of production. The Project is forecast to have an 11-year mine life based on reserves alone with additional upside from resources and significant exploration potential. First production is anticipated in mid-2026.
- Production Payments: WPMI will make ongoing payments for the gold ounces delivered equal to 15% of the spot price of gold
- Incremental Reserves and Resources1: The addition of the Kurmuk Project will increase Wheaton's total estimated Proven and Probable Mineral gold reserves by 0.18 million ounces ("Moz"), Measured and Indicated Mineral gold resources by 0.03 Moz and Inferred gold resources by 0.02 Moz.
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Public receptive to reopening Cobre Panamá mine despite lingering opposition
BNamericas - Public receptive to reopening Cobre Panamá m...The survey was commissioned by ARCA Media en Direct and involved a national sample of 1,600 face-to-face interviews with individuals over 18 years old. Of th...www.bnamericas.com -
CME Group to Launch 1-Ounce Gold Futures to Meet Surging Retail Demand/PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will launch a 1-Ounce Gold (1OZ) futures contract on January 13,...www.prnewswire.com
CME Group, the world's leading derivatives marketplace, today announced it will launch a 1-Ounce Gold (1OZ) futures contract on January 13, 2025, pending regulatory review.
"Gold has always been a popular investment, but retail interest has surged in recent years as more market participants look to diversify their portfolios," said Jin Hennig, Managing Director and Global Head of Metals at CME Group. "1-Ounce Gold futures will broaden opportunities for a wider range of retail traders, providing even more flexibility to access the liquidity and efficiencies that our futures provide."
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Andean Precious Metals Receives Conditional Approval for Graduation to the Toronto Stock ExchangeToronto, Ontario--(Newsfile Corp. - December 5, 2024) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) ("Andean" or the "Company")...www.newsfilecorp.com -
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First Gold Royalty Revenues Received From Castle Hill and Bulong Royalties in Western Australia
https://www.voxroyalty.com/_resources/news/2024/nr-20241204.pdf
Vox Royalty Corp. (VOXR) (TSX:VOXR)(NASDAQ:VOXR) ("Vox" or the "Company"), a returns focused mining royalty company, is excited to announce the receipt of its first royalty revenues from its Castle Hill and Bulong gold royalties in Western Australia, from operating partners Evolution Mining Limited ("Evolution") and Black Cat Syndicate Limited ("Black Cat"). Additionally, the Company anticipates inaugural royalty revenues from its Otto Bore gold royalty in Q4 2024 or Q1 2025 from Northern Star Resources Limited ("Northern Star").
Riaan Esterhuizen, Executive Vice President - Australia stated: "We are excited to share the receipt of first royalty revenue milestones from each of the Castle Hill and Bulong gold projects, both ahead of Vox management expectations. In addition, we expect first royalty revenues to be recognized from the Otto Bore gold royalty within the next six months. These three gold royalties are expected to contribute approximately $3M - $4M in gold-related royalty revenue1 for Vox in 2025. Near-record gold prices of approximately A$4,000/ounce continue to support Vox's well-capitalised operating partners in Western Australia to accelerate their project development and gold production - to the benefit of Vox shareholders."
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Sandstorm Gold Royalties Reports Portfolio Exploration Activity and Development Advancements | Sandstorm Gold RoyaltiesVancouver, BC | Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to provide exploration…www.sandstormgold.com -
NexGen Announces First Uranium Sales Contracts for 5 Million Pounds with Major US Utilities/CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce it has been awarded the first uranium sales...www.newswire.ca -
Ecora Resources PLC Announces Voisey’s Bay Update
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AFRICA OIL ANNOUNCES RENEWAL OF SHARE BUYBACK PROGRAM/CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce that the Toronto Stock Exchange...www.newswire.ca
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PRAIRIESKY ROYALTY DECLARES QUARTERLY DIVIDEND
PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has
declared a quarterly dividend of CDN $0.25 per common share, payable in cash on January 15, 2025
to shareholders of record on December 31, 2024. This dividend is designated as an “eligible
dividend” for Canadian income tax purposes
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RE Royalties Provides $6.3 Million Financing for a 200 Megawatt Solar Project in Alberta, Canada
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AbraSilver Announces Updated Diablillos PFS With CAD$1,046M (USD$747M) After-Tax Base-Case NPV
AbraSilver Announces Updated Diablillos PFS With CAD$1,046M (USD$747M) After-Tax Base-Case NPVPress release posted on this website was believed to be accurate at the time it was posted, but may be superseded by more recent public disclosure of…www.abrasilver.comPFS Study Highlights:
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Attractive project economics: 747 million after-tax Net Present Value discounted at 5% per annum (“NPV”); 27.6% Internal Rate of Return (“IRR”) and 2.0-year payback period.
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At current spot prices1 an after-tax NPV5% of $1,291 million with an IRR of 39.3% and payback of 1.5 years.
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Substantial silver and gold production – 13.4 Moz silver-equivalent “AgEq”) average annual production over a 14-year life-of-mine (“LOM”), comprised of 7.6 Moz Ag and 72 koz Au, with average annual production of 16.4 Moz AgEq over the first five years of full mine production, comprised of 11.7 Moz Ag and 59 koz Au.
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Low All-in Sustaining Cash Costs (“AISC”)– Average AISC of $12.67/oz AgEq over LOM, and $11.23/oz AgEq over the first five years of full mine production.
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Initial capital expenditures - Initial pre-production capital expenditure of $544 million (including contingency)with a further $77 million in sustaining capital over the LOM.
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Significant potential for additional economic improvements – Several additional opportunities that may further enhance the economic returns as detailed later in this release:
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Replacement of on-site self-generation from a combined solar-diesel power plant with a connection to the national grid under a long-term power purchase agreement from a third party. Capturing this opportunity would provide a meaningful reduction to initial capital, lower operating costs and, potentially, improve the carbon footprint of the Project.
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A revised mine plan based on a new Mineral Resource and Reserve estimate that incorporates the additional Phase IV exploration drilling results at JAC and the northeast zone of Oculto as well as higher metal price assumptions. A new mine plan may present the opportunity to reduce strip ratio, and improve operating cashflow.
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Expansion of available water resources to the Project to remove constraints on plant throughput resulting in increased metal production.
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Treatment of marginal material currently classified as waste through secondary processing, such as heap leaching, resulting in increased metal production.
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Improvements to the design of the Tailings Storage Facility (“TSF”) to reduce capital and operating cost, and also decrease the environmental footprint.
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