Beiträge von Sorgenfrei

  • Triple Flag Precious Metals Corp. / TFPM (TSX/NYSE)

    Wheaton Precious Metals Announces the Acquisition of a Gold Stream from Montage Gold's Koné Gold Project, by @newswire
    VANCOUVER, BC, Oct. 23, 2024 /CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that…
    ceo.ca


    Für TFPM sind die Nachrichten über Montage Gold ebenfalls positiv, da das Unternehmen eine beträchtliche Lizenzgebühr für das Projekt erhält. Je schneller es also gebaut wird, desto eher setzt die nächste Wachstumsphase ein (7,6k+ GEOs/Jahr für TFPM oder 6% Wachstum).

    Koné Development Montage Gold Corp. Côte d'Ivoire Royalty Gold 2.0% NSR royalty

  • Developer -- die Suche nach Alpha

    MONTAGE GOLD SECURES US$825 MILLION FINANCING PACKAGE FOR THE CONSTRUCTION OF ITS KONÉ PROJECT IN CÔTE D'IVOIRE, by @newswire
    HIGHLIGHTS: 
    ceo.ca


    HIGHLIGHTS:

    • US$825m financing package secured from strategic partners Wheaton Precious Metals and Zijin Mining to fund the build of the Koné project in Côte d'Ivoire, increasing Montage's liquidity sources to US$968m inclusive of cash on hand

    • Wheaton Precious Metals to provide a US$625m gold stream and a US$75m loan facility
      • Montage retains significant exploration upside as the stream is limited to the Koné and Gbongogo deposits plus a 500-meter boundary and an expanded area of interest until certain dropdown thresholds are met
      • Montage can reduce the stream deliveries to nil by supplementing scheduled deliveries with ounces produced from outside of the Koné and Gbongogo deposits, following the delivery of an agreed minimum number of ounces
      • Montage can accelerate its deleveraging with flexibility to deliver in excess of its minimum required commitments
      • Montage participates in the upside in the gold price as the production payment is based on a gold price sliding scale for the first 5 years, with a minimum transfer price of 20% at a gold price above US$2,100/oz

    • Strategic shareholder, Zijin Mining, demonstrates further support for the advancement of the Koné project by providing Montage with US$125m of funding sources comprised of:
      • US$50m loan facility with a 9-year tenure with an annual interest rate of SOFR + 4%, a 3-year drawdown availability period, and no upfront fees nor commitment fees
      • US$75m fully redeemable subordinated gold stream, with the first and second buyback option dates anticipated to occur at the end of 2029 and 2030, respectively


  • Wheaton Precious Metals / WPM (TSX, NYSE)

    Wheaton Precious Metals Announces the Acquisition of a Gold Stream from Montage Gold's Koné Gold Project, by @newswire
    VANCOUVER, BC, Oct. 23, 2024 /CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that…
    ceo.ca


    Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. ("WPMI") has entered into a definitive Precious Metals Purchase Agreement (the "Gold Stream") with Montage Gold Corp. ("Montage") in respect to its Koné Gold Project located in Côte d'Ivoire (the "Project" or "Koné").


    "With essential permits in place coupled with its impressive scale, we believe the Koné Project stands out as one of the premier gold assets in Africa, and we are excited to partner with Montage to deliver a full financing package for its development," said Randy Smallwood, President and CEO of Wheaton Precious Metals. "Supported by strong shareholder backing from the Lundin Group and Zijin Mining, the Koné Project is expected to significantly boost Wheaton's near-term annual gold production and further strengthen our peer-leading growth trajectory. We look forward to collaborating with Montage's outstanding team, whose extensive experience in West Africa has driven remarkable progress in de-risking the project and advancing it towards construction."

  • Elemental Royalty Corp./ ELE (TSX.V, NASDAQ)

    Elemental Altus Notes La Mancha Exercise of Anti-Dilution Right and Proposed Private Placement, by @newsfile
    Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or the…
    ceo.ca


    Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or the "Company") notes that following the announcement of an agreement to acquire a portfolio of royalties for US$28 million in Company equity (the "Transaction"), La Mancha Investments S.à r.l ("La Mancha") has notified the Company of its intent to exercise its Anti-Dilution right in full to maintain the same percentage ownership it held prior to completion of the transaction (the "Private Placement").

    Frederick Bell, CEO of Elemental Altus, commented: "Following announcement of the AlphaStream Transaction, the exercise of La Mancha's Anti-Dilution Right provides the Company with a further C$17.7 million in cash to continue to grow our royalty portfolio. We look forward to working with La Mancha and AlphaStream to add value moving forwards."

    La Mancha Private Placement

    Pursuant to the Investor Rights Agreement between an affiliate of La Mancha and the Company, La Mancha has confirmed its intention to exercise its Anti-dilution Right in totality and subscribe for 16,141,940 Common Shares, or such other number of Common Shares as will allow La Mancha to achieve the same percentage ownership as it holds in the Company prior to the completion of the Transaction, subject to completion of the Transaction. The subscription price for the Common Shares will be C$1.10 per share for aggregate proceeds of C$17,756,134. The closing of the Private Placement is expected to occur proximate to the closing of the Transaction and Company will use the proceeds for royalty acquisitions, working capital, and general corporate purposes.

    Shares issued to La Mancha pursuant to its Anti-dilution Right will be subject to restrictions on transfer for a period of four months plus a day pursuant to Canadian securities laws and TSX Venture Exchange requirements and are subject to certain conditions including the approval of the TSX Venture Exchange.

  • Royalty Companies

    EMX Royalty Partner, Zijin Mining, Provides an Update on Expanded Copper and Gold Production in Serbia, by @newsfile
    Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX")…
    ceo.ca


    EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce that its royalty partner at Timok in Serbia, Zijin Mining Group Co., Ltd. ("Zijin"), released unaudited interim results that show markedly increased levels of copper and gold production at Timok in the first half of 2024. Zijin reported 90,008 tonnes of copper and 2,894 kilograms of gold produced from Timok's Cukaru Peki Mine in H1, 2024 (see Zijin Mining Group Co., Ltd. Interim Report 2024). This aligns with the record Q2 royalty revenues of $1,586,000 reported by EMX in its Q2 MD&A filings. On page seven of its 2024 Interim Report, Zijin also states that the combined Serbia Zijin Copper (which includes Zijin's Bor operations, which are not covered by EMX's royalties) and Serbia Zijin Mining projects (which includes the Timok/Cukaru Peki Mine which is covered by an EMX royalty), now have a capacity to produce 450,000 tonnes of copper on an annual basis. This is a significant increase compared with previous years.

    Zijin has previously announced that the throughput of its processing plant at Cukaru Peki is being expanded from 12,000 tonnes per day to 15,000 tonnes per day1. The expansion of capacity and production at Cukaru Peki is part of an ongoing effort by Zijin to de-bottleneck their operations in Serbia, and by doing so, will unlock additional potential in the greater district. In addition to the ongoing production from the Upper Zone at Cukaru Peki, Zijin is also working to develop the underlying Lower Zone porphyry copper-gold deposit. The Lower Zone at Cukaru Peki will be developed through block caving, and EMX believes that the Cukaru Peki Mine will become one of the more important block cave development projects in the world.

    On page 6 of the interim report, Zijin also highlights high grade copper gold exploration potential at its "MG Zone" in the "southern part of the Cukaru Peki Copper and Gold Mine". We do not yet know whether Zijin's exploration efforts will be successful and become material to EMX. However, it is notable that a discussion of the newly described MG Zone appeared in the interim report.

    EMX congratulates Zijin on its outstanding performance in the Bor and Timok districts in Serbia. EMX currently holds a 0.3625% NSR royalty over Zijin's Brestovac exploration permit area (including the Cukaru Peki Mining licenses), as well as portions of Zijin's Jasikovo-Durlan Potak exploration license north of the currently active Bor Mine. EMX also owns a 2% NSR royalty on precious metals and a 1% NSR royalty on base metals on the Brestovac West License, which lies immediately adjacent and to the west of the Brestovac Mining License and the Cukaru Peki Mine (see Figure 1). All of EMX's Timok royalties are uncapped and cannot be repurchased or reduced. The Company is currently receiving quarterly royalty payments from Zijin for copper and gold production from the Cukaru Peki Mine.

  • AbraSilver Resource Corp. / ABRA (TSXV)

    AbraSilver Announces New High-Grade Drill Results at Diablillos; Intersecting 50 Metres at 250 g/t Ag Beyond JAC & 15 Metres at 496 g/t Ag at Oculto NE

    AbraSilver Announces New High-Grade Drill Results at Diablillos; Intersecting 50 Metres at 250 g/t Ag Beyond JAC & 15 Metres at 496 g/t Ag at Oculto NE, by @thenewswire
    (TheNewswire)
    ceo.ca


    Key highlights from the latest drill assay results include:

    Oculto Northeast:

    • Hole DDH 24-031 was designed to expand the existing known shallow mineralization beyond the open pit margin at Oculto Northeast. Drilling encountered high-grade silver mineralization with 15.0 m grading 496 g/t Ag and 0.28 g/t Au, starting at a downhole depth of 152 m, within which was 5.7 m grading 1,151 g/t Ag and 0.22 g/t Au.

    Extension of JAC Zone:

    • Hole DDH 24-033 was a step-out hole in the JAC southwest area that was drilled to extend the existing Mineral Resources beyond the current open pit boundary. Drilling intersected a broad zone of high-grade mineralization, with 50.0 m at 250 g/t Ag, starting at a downhole depth of 110 metres and included an interval of 5.0 m grading 1,036 g/t Ag

    New Discovery Area (Sombra Target):

    • Hole DDH 24-036 was the first reconnaissance hole targeting a brand new zone, named the Sombra target, located approximately 500 metres to the southeast of Oculto and JAC, that is believed to run parallel to the existing Mineral Resources.

    • Drilling intersected mineralization near-surface, with 22.0 m at 40 g/t Ag starting at a downhole depth of only 42.5 m marking a successful initial test of this new exploration area. Additional drilling is now planned to test the extent of mineralization in this new silver zone.

  • Luca Mining (Luca.V), vorher: Altaley Mining / ATLY (CVE), alter Name: Telson Mining / TSN (CVE)

    LUCA COMMENCES EXPLORATION DRILLING AT TAHUEHUETO GOLD MINE, by @newswire
    VANCOUVER, BC, Oct. 23, 2024 /CNW/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is…
    ceo.ca


    Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce the start of an exploration drilling campaign at the Tahuehueto gold mine in Durango State, Mexico. The Tahuehueto property comprises a large, epithermal gold/silver vein system and this campaign is the first significant exploration drill program on the property in over 10 years. The Company expects the current campaign to include up to 5,000 metres of diamond core drilling in 26 holes from underground over the next 4-6 months. The drill plan takes advantage of recently developed areas to potentially extend the resource along the modeled veins.

    Dan Barnholden, CEO, commented, "Tahuehueto is a brand new mine which will soon be in commercial production. There are all the indicators of significant resource expansion potential at this project, and I am excited that our recently completed financing enables us to not only explore that potential but expeditiously. We have barely scratched the surface at Tahuehueto, and we are focused on unlocking all potential value for shareholders. Tahuehueto, and this new drill program, will provide ongoing drill results and steady material news flow for investors over the coming months and into the new year." <Listen to Dan provide details>

  • Wheaton Precious Metals / WPM (TSX, NYSE)

    Rio2 Announces Financing Package to Fund the Fenix Gold Project, by @GlobeNewswire
    NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    ceo.ca


    Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) today announces that it has arranged a mine construction financing package expected to total approximately US$150 million for construction and general working capital of the Company’s 100%-owned Fenix Gold Project in Chile (“Fenix Gold” or the “Project”).

    This funding package marks a significant de-risking milestone for Fenix Gold, and with all key sectorial permits for construction now in hand, Rio2 is positioned to fully execute the development, ramp-up and operation of the Fenix Gold mine.

    The total financing package is comprised of the following:

    • US$120 million financing package (the “Wheaton Financing”) with Wheaton Precious Metals International Ltd. (“Wheaton”);
    • Overnight marketed public offering of common shares of the Company (“Common Shares”) to raise gross proceeds of up to C$40 million led by Raymond James Ltd. and Eight Capital (the “Public Offering”); and
    • Non-brokered private placement of Common Shares to Wheaton for proceeds of C$5 million (the “Wheaton Private Placement”).

    Alex Black, Executive Chairman of Rio2, commented: “This financing package is the result of a competitive and comprehensive process undertaken by the Company, with the assistance of Endeavour Financial as its advisor, to secure the optimal financing solution for the construction of our Fenix Gold mine. Wheaton’s expanding commitment to us validates the quality of our Fenix project, and their continued backing as a cornerstone financial partner, in addition to the support of our shareholders, has put Rio2 in a position of certainty to fund Fenix to production. We are highly excited to advance construction in a responsible manner, build the next gold mine in Chile, and generate material value for all Rio2 stakeholders.”

    Randy Smallwood, President and CEO of Wheaton, commented: “We are excited to continue our support of Rio2 and Fenix with this project financing package. Fenix is a highly attractive, scalable gold project located in a well-known mining jurisdiction. Alex and his team have a strong track-record of success building and operating world-class mining operations in South America, and our continued investment in Rio2 and Fenix represents our confidence in the team and the Project”.