Beiträge von Sorgenfrei

Highlights

• Production of 14,148 troy oz of gold equivalent up 20% from Q4 2023, being comprised of 4,297 ounces of gold, 207,505 ounces of silver, 3,068 tonnes of zinc, 791 tons of copper and 661 tonnes of lead.
• Total Net Revenue of C$22.04 million, an increase 21% from Q4 2023
• A milestone achievement of Positive Operating Earnings: generated C$4.8 million in operating income and C$7.3 million in net income.
• Cash Flow: C$4.04 million in positive operating cash flow before working capital changes.
• Operating Costs: All-in Sustaining costs per AuEq oz produced ("AISC") was US$1,325 at Campo Morado and US$1,690 at Tahuehueto for consolidated AISC of US$1,549. We note that AISC is expected to decrease at Tahuehueto and at Campo Morado as both mines continue to ramp up production in 2H 2024.
• Construction at Tahuehueto nearing completion: The third filter press, being the last major component to complete construction at Tahuehueto is currently being installed with commissioning upon completion of installation and expected to be operational in Q2 2024.
• Campo Morado Improvement Project ("CMIP") moving forward: The two major steps we are focused on going forward are to increase throughput at the Campo Morado mine, which is well underway and to implement the copper lead separation process to produce three separate concentrates (copper, zinc and lead).

Orogen Royalties Announces Profitable Q1-2024 Results, by @accesswire

VANCOUVER, BC / ACCESSWIRE / May 29, 2024 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to report…

ceo.ca

"…the drill program at Merlin continued to return very high tenor results that both confirm and extend the modelled mineralisation. At Silicon, limited geotechnical drilling took place and a piezometer hole drilled in 2023 returned a significant intercept nine hundred metres north of the defined Mineral Resource, highlighting the open potential of the mineralisation system. Ground gravity and Ambient Noise Tomography geophysical surveys were completed east of Merlin…"

They were looking for water and found "significant" intercept of gold 900 meters north!

Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) is pleased to announce that it has entered into a binding purchase and sale agreement (the “PSA”) with OMF Fund III (Cr) Ltd., an entity managed by Orion Mine Finance Management LP (“Orion”) to acquire a copper stream (the “Stream”) on the Vares Silver Project (“Vares”), operated by a subsidiary of Adriatic Metals plc ("Adriatic") located in Bosnia and Herzegovina (the “Transaction”).

Under the terms of the PSA, Gold Royalty will pay consideration to Orion of US$50 million to acquire the Stream at closing of the Transaction, consisting of US$45 million payable in cash and US$5 million to be satisfied by the issuance of 2,906,977 Gold Royalty shares.

Transaction Highlights:

• Materially accretive to Gold Royalty’s cash flow
  • The Vares Stream applies to 100% of copper production from the mining area over the Rupice deposit. The Stream has associated ongoing payments equal to 30% of the LME spot copper price, with the effective payable copper fixed at 24.5%.
  • First concentrate production at Vares occurred in February 2024 with commercial production expected in the fourth quarter of 2024.
  • Adriatic has provided production guidance of 240-300 kt of ore mined from Vares with copper grades of 0.5-0.6% in 2024. Adriatic forecasts 750-850 kt and 800-900 kt of ore mined in 2025 and 2026 respectively at grades of 0.5-0.7% Cu.
  • Gold Royalty expects to potentially further benefit from copper prices currently near all time highs.
• High-quality asset with exploration and expansion upside
  • Adriatic’s most recent guidance is targeting a mine life of 18 years with an attractive operating cost profile.
  • Mine plan is built upon the high-grade polymetallic Rupice deposit with copper expected to comprise only 2% of the life of mine revenue.
  • Studies are underway to increase annual production rates to 1 million tonnes of ore per year by 2026.
  • Adriatic has stated that the project remains open for further exploration within the existing Vares concessions.
• Aligning with a strong and proven operating team
  • Adriatic's operating team is highly experienced.
  • Recent initiatives have improved productivity levels and advanced development supporting Adriatic’s disclosed guidance of commercial production in the fourth quarter of 2024.

Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) is pleased to announce that it has entered into an agreement with National Bank Financial Inc. and BMO Capital Markets Corp., as joint book-runners, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 17,442,000 units of the Company (the “Units”) at a price of US$1.72 per Unit (the “Offering Price”), for aggregate gross proceeds of approximately US$30 million (the “Offering”).

Sailfish Royalty Declares Q2 2024 Dividend, by @newsfile

Tortola, British Virgin Islands--(Newsfile Corp. - May 28, 2024) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased…

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Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce that its Board of Directors has declared the Company's second quarterly cash dividend for 2024 in the amount of US$0.0125 per common share that will be payable on July 15, 2024 to Sailfish shareholders of record as of the close of business on June 30, 2024.

G Mining Ventures Provides Tocantinzinho Project Update, by @newswire

TSX: GMINOTCQX: GMINF

ceo.ca

• Project remains on schedule and on budget for commercial production in H2-2024
• Total project progress of 93% with construction 95% complete
• Total spend of $447 million (98% of project total)
• Industry leading safety record, with LTIFR of 0.04 after 5.2 million person-hours worked
• 1.5 Mt of ore at 0.85 g/t stockpiled to date ahead of schedule
• Site energized on the national grid with all balance of plant infrastructure commissioned; process plant commissioning in focus and progressing according to the plan and schedule

Adriatic metals announcements

https://www.investi.com.au/api/announcements/adt/d86ddd6e-fd6.pdf

https://www.investi.com.au/api/announcements/adt/f8bf20d8-057.pdf

https://www.investi.com.au/api/announcements/adt/8fdfbe4e-dca.pdf

Trident Royalties PLC Announces Portfolio Update: First Gold Pour at Greenstone

Trident Royalties Plc (AIM:TRR)(OTCQB:TDTRF), the diversified mining royalty company, is pleased to note the recent positive announcement by TSX- and NYSE-A listed Equinox Gold ("Equinox", TSX: EQX, NYSE-A: EQX) in relation to its Greenstone Gold Mine ("Greenstone") in Ontario, Canada. Trident holds an offtake for 100% of the gold produced at Greenstone up to 58,500 ounces per annum until 1 March 2027.

Greenstone has achieved its inaugural gold pour on schedule, producing 1,800 ounces of gold from the full recovery circuit, with all equipment operating as expected. Greenstone will be Equinox's flagship asset and largest, lowest-cost producer. When operating at capacity, the Greenstone open-pit is expected to produce approximately 400,000 ounces of gold annually for the first five years, and average 360,000 ounces of gold per year for its initial 14-year mine life, making Greenstone one of Canada's largest gold mines. ¹

https://polaris.brighterir.com/public/trident/news/rns/story/w94vqpx

https://www.businesswire.com/news/home/20240517868698/en/

Royal Gold, Inc. (RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its Board of Directors has declared its third quarter dividend of $0.40 per share of common stock. The dividend is payable on Friday, July 19, 2024 to shareholders of record at the close of business on Friday, July 5, 2024.

Elemental Altus Royalties Announces Record First Quarter Revenue, by @newsfile

Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or the "Company")…

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Highlights

• Royalty revenue of US$3.3 million and adjusted revenue¹ of US$4.7 million, up 24% on Q1 2023
• Attributable Gold Equivalent Ounces¹ ("GEOs") of 2,283 ounces, up 13% on Q1 2023
• Operating Cash Flow plus Caserones dividends of US$1.2 million, compared with a loss in Q1 2023 and expected to grow through 2024 as margins increase
• Adjusted EBITDA¹ of US$3.2 million, up 42% on Q1 2023

2024 Outlook

• Diba remains on track to be the Company's newest producing gold royalty. Allied Gold Corp (TSX: AAUC) ("Allied") have announced that mining is expected to commence in Q2 2024
• Elemental Altus on course to meet guidance of 10,000 to 11,700 GEOs as production increases over the year. This guidance represents at its midpoint a 19% increase on 2023 and provides top-line exposure to gold and copper prices
• Repaid US$5 million debt in Q1 2024, leaving US$25 million undrawn on the credit facility and with approximately US$9 million cash on quarter end prior to Q1 royalty receipts. The Company intends to continue to reduce the amount drawn on the credit facility while maintaining financial flexibility to make new acquisitions
• Falling G&A expenditure and significant expected cash flow generation following merger synergies and asset sales, which are also expected to generate milestone payments placing the company in a position to generate material cash flow