Beiträge von Sorgenfrei

  • Wheaton Precious Metals / WPM (TSX, NYSE)

    Wheaton Precious Metals Announces Solid Start to 2023
    https://www.prnewswire.com/new…rt-to-2023-301816629.html


    VANCOUVER, BC, May 4, 2023 /PRNewswire/ - "Wheaton's high-quality portfolio of long-life, low-cost assets delivered a solid performance to start the year, resulting in revenue of $214 million and robust cash operating margins," said Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals. "First quarter production was ahead of Company expectations, and as we continue to see positive developments at a number of our key assets including Salobo and Constancia, we expect to see significant production growth throughout 2023, culminating in a strong second half of the year. Notably, implicit in our five-year annual average production guidance, is an impressive organic growth profile of over 40%, with two-thirds coming from assets already in operation. In addition, our corporate development team remains exceptionally busy evaluating new opportunities, and as always, Wheaton is focused on ensuring our growth is both accretive and sustainable for all of our stakeholders."
    Solid Financial Results and Strong Balance Sheet

    • First quarter of 2023: $214 million in revenue, $135 million in operating cash flow, $111 million in net earnings and $104 million in adjusted net earnings1
    • A cash balance of $800 million and no debt as at March 31, 2023
    • Undrawn $2 billion revolving credit facility with a July 18, 2027 maturity date
    • Declared a quarterly dividend1 of $0.15 per common share

    The second quarterly cash dividend for 2023 of US$0.15 will be paid to holders of record of Wheaton common shares as of the close of business on May 19, 2023, and will be distributed on or about June 2, 2023. The ex-dividend trading date is May 18, 2023.


    High Quality Asset Base

    • Streaming agreements on 20 operating mines and 12 development projects
    • 93% of attributable production from assets in the lowest half of their respective cost curves2,3
    • 30 years of mine life based on Proven and Probable Mineral Reserves and potential additional mine life from mineral resource conversion and exploration2,4
    • Attributable gold equivalent production3 ("GEOs") of 141,800 ounces in the first quarter of 2023
    • Production from Salobo in the first quarter of 2023 was 43,700 ounces of gold, an increase of over 15% relative to the fourth quarter of 2022, due to steady ramp up of the Salobo III expansion
    • As per Hudbay Minerals Inc. ("Hudbay"), full mining activities at the Constancia mine resumed in the Pampacancha pit in February, with mining of higher-grade ore now expected in the second quarter of 2023, ahead of schedule
    • Average annual production for the five and ten-year periods is expected to be approximately 810,000 and 850,000 GEOs2,3, respectively

  • Royalty- und Streamingfirmen für Rohstoffe und Energie

    NOVA ROYALTY PROVIDES UPDATE ON ITS INVESTMENT IN THE VIZCACHITAS PROJECT

    https://www.newswire.ca/news-r…as-project-849643260.html


    VANCOUVER, BC, May 4, 2023 /CNW/ - Nova Royalty Corp. ("Nova" or the "Company") (TSXV: NOVR) (OTCQB: NOVRF) is pleased to provide an update on its investment in the Vizcachitas project. Nova holds a net smelter return ("NSR") royalty of 0.98% on open pit operations and 0.49% on underground operations on the San José 1/3000 exploitation concession that forms part of the Vizcachitas project in Chile.
    Nova has been notified that Los Andes Copper Ltd. (TSX-V:LA) ("LAC"), the 100% owner of the Vizcachitas project ("Vizcachitas"), has filed a Pre-Feasibility Study ("PFS") for Vizcachitas on April 11, 2023, representing a significant milestone in the advancement of the project. The PFS, titled "Vizcachitas Project Pre-Feasibility Study Valparaíso Region, Chile NI 43-101 Technical Report" dated March 30, 2023 with an effective date of February 20, 2020, was prepared for LAC by Tetra Tech, and has been filed under LAC's profile at www.sedar.com.
    LAC reported highlights(1) of the PFS in a press release dated April 11, 2023, which include:

    • Proven and Probable Reserves of 1.22 billion tonnes at 0.36% copper, 136 parts per million ("ppm") molybdenum, 1.1 grams per tonne ("g/t") silver, which equates to a copper equivalent ("CuEq") grade of 0.40%(2).

      • Proven Reserves of 302 million tonnes (Mt) at 0.41% copper, 135 ppm molybdenum, 1.2 g/t silver;
      • Probable Reserves of 918 Mt at 0.34% copper, 136 ppm molybdenum, 1.1 g/t silver.
    • Measured and Indicated Resources of 14.8 billion pounds CuEq.

      • Measured Resources of 2.605 billion pounds copper, 84 million pounds molybdenum and 11 million ounces silver;
      • Indicated Resources of 10.416 billion pounds copper, 442 million pounds molybdenum, and 43 million ounces silver; and
      • Inferred Resources of 15.4 billion pounds CuEq (13.747 billion pounds copper, 495 million pounds molybdenum, 55 million ounces silver).
    • Initial Life of Mine ("LOM") of 26 years producing 8.763 billion pounds copper, 273.3 million pounds molybdenum and 32.7 million ounces silver, based on a new plant design with a mill throughput of 136,000 tonnes per day.
    • Annual average copper production of 183,017 tonnes for the first eight years (LOM average of 152,883 tonnes of copper).

    Milestone Payment
    Pursuant to Nova's royalty purchase agreement with RCF VI CAD LLC (see Nova news releases February 10 and June 10, 2021 for additional information), an affiliate of Resource Capital Funds VI L.P. ("RCF VI"), the Company issued 1,361,936 shares (the "Consideration Shares") to RCF VI (reflecting a milestone payment in the amount of US$1,500,000 satisfied in common shares of Nova and priced based on a 30-day volume weighted average trading price up to and including April 14, 2023). The Consideration Shares will be subject to a 4-month hold period.

  • Royal Gold Inc. / RGLD (NAS)

    Royal Gold Reports Strong Start to 2023 with Solid First Quarter Revenue, Operating Cash Flow and Earnings

    DENVER--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold,” the “Company,” “we,” “us,” or “our”) reports net income of $63.9 million, or $0.97 per share, for the quarter ended March 31, 2023, (“first quarter”) on revenue of $170.4 million and operating cash flow of $108.7 million. Adjusted net income1 was $63.3 million, or $0.96 per share.
    “We saw some positive developments from within the portfolio during the quarter”
    [/quote]First Quarter 2023 Highlights:

    • Robust financial results with revenue of $170.4 million and operating cash flow of $108.7 million, up 5% and 7% compared to the prior year period
    • Revenue split: 71% gold, 14% copper, 12% silver
    • Production volume of 90,200 GEOs2, 4% higher than the prior year period
    • Repaid $75 million of debt, reducing total debt to $500 million and increasing total available liquidity to $634 million
    • Maintained adjusted EBITDA margin1 of 79%
    • Paid quarterly dividend of $0.375 per share, a 7% increase over the prior year period

    https://www.businesswire.com/news/home/20230503005852/en/

  • Royalty Companies

    Trident Royalties PLC Announces Q1 2023 Activities Update


    https://www.accesswire.com/752…Q1-2023-Activities-Update
    HIGHLIGHTS
    Q1 royalty receipts & cash position

    • Record quarterly receipts of US$3.6 million from exposure to gold, copper, and iron ore. A year-on-year increase of 63% over Q1 2022.
    • The gold offtakes portfolio saw particularly strong performance with a 48% increase over Q1 2022 when compared on a like-for-like basis (accounting for the disposal of the Mercedes mine from the Premier Offtake, on 14 April 20221), while the Koolyanobbing iron ore royalty delivered its highest quarterly payment to-date.
    • Trident holds cash of c. US$37 million as at 28 April 2023, providing a strong platform for further acquisitions. This cash balance includes proceeds from the gold offtakes but excludes Q1 royalty receipts.


    Royalty / StreamQ1 2023 (US$M)Q1 2022 (US$M)% Change
    Koolyanobbing iron ore royalty*0.860.16438%
    Mimbula copper royalty0.750.5050%
    Lincoln gold royalty0.15--
    Gold offtakes portfolio1.881.5819%
    Total3.642.2363%



    *Reserve Bank of Australia for 31 March 2023 (0.6712) and 31 March 2022 (0.7482)
    Adam Davidson, Chief Executive Officer of Trident commented:
    "It has been a positive quarter for the existing portfolio, with significant updates at the Thacker Pass Lithium Project, the Mimbula Copper Project continuing to ramp production, and the gold offtake portfolio delivering strong growth and cashflows.
    Our pipeline of prospective transactions is attractive. Following the highly profitable disposal of several gold royalties in February, coupled with a further reduction of our cost of debt, we have put our balance sheet in an excellent position to take advantage of current market conditions. We look forward to providing updates as the year progresses."
    Portfolio Update:
    Gold Royalties Sale Transaction 2

    • Following a competitive sales process, Trident sold its pre-production gold royalties over Rebecca, Spring Hill, and three other projects acquired as a portfolio from Talga Group to Franco-Nevada Corporation in exchange for cash proceeds of up to US$15.55 million.

      • The Royalties were acquired by Trident for approximately US$6.25 million, representing a return on invested capital of over 140% in approximately two years.
      • US$14.3 million of the consideration has been received, with US$1.25 million to be paid upon first production from the Rebecca Gold Project.
    • Reflecting the value unlocked by the transaction, Macquarie agreed to restructure Trident's existing US$40 million debt facility, to include a 2% reduction in coupon (reducing debt service costs by up to US$800,000 per year), deferral of scheduled quarterly payments, and a one-year extension of the loan term.

    Thacker Pass Lithium Project 3,4

    • Lithium Americas Corp., operator of Thacker Pass, announced the commencement of construction following the receipt of notice to proceed from the US Bureau of Land Management.
    • General Motors is investing US$650 million toward project development and has entered into a 10-year offtake agreement to purchase Phase 1 production to support production of up to 1 million electric vehicles per year.
    • Thacker Pass is targeting 80,000 tonnes per annum ("tpa") of battery-quality lithium carbonate production capacity in two phases of 40,000 tpa. Phase 1 production is expected to commence in the second half of 2026.

    Koolyanobbing Iron Ore Project 5

    • Trident's quarterly royalty payment saw a marginal decrease in production tonnage from the royalty zone, offset by materially higher iron ore prices and realisations associated with the recent shift to production of a higher proportion of lump product from Koolyanobbing.

    Offtakes Gold Portfolio

    • Gold deliveries decreased by 16% during the quarter, from 74,085 gold ounces in Q4 to 62,335 in Q1. This was largely anticipated as production tends to spike in Q4 as operators seek to maximize calendar year production. Year-over-year deliveries increased by 31% over Q1 2022 when compared on a like-for-like basis, while the gold spot price also increased by c. US$166 per ounce over the course of Q1, positively impacting margins.
    • Allied Gold Corp Limited ("Allied"), operator of the Bonikro gold mine over which Trident holds an uncapped gold offtake, announced its public listing plans.9 Allied highlighted drilling focused on extending the mine life to over 10 years, well in excess of Trident's initial estimate.

    Sonora Lithium Project 6,7,8

    • In its 2022 Annual Results, Ganfeng Lithium, operator of the Sonora Lithium Project, confirmed that the project is under construction while noting that planned Stage 2 production increased by 43% to 50,000 tpa of lithium hydroxide.6
    • After the period end, the Alberta Court of Appeal overturned, on appeal, a judgment which had summarily dismissed an action brought by Bacanora Minerals Ltd. ("Bacanora") against the Estate of Ian Colin Orr-Ewing ("Estate"). The lower Court of Queen's Bench of Alberta had held that the dispute by Bacanora was time barred; on appeal, this was overturned for technical reasons. Now the matter will be resolved on the merits, which, if determined in the Estate's favour, will definitively affirm the validity of the royalty. Bacanora must now argue the merits of its case and persuade the Alberta court that the royalty is invalid as a result of it being created without consideration or by way of fraudulent or other misrepresentation.7
    • The conditions requiring Trident to provide funding in respect of the 50% Trident joint venture company Sonoroy Holdings Ltd ("Sonoroy"), to facilitate completion of the acquisition of the Sonora Gross Revenue Royalty, by Sonoroy remain at Trident's discretion. If Trident elects to exit the joint venture, the initial loan made by Trident to Sonoroy of US$2.5 million is due six months of such election.8 At the present time, Trident has no intention of exiting the joint venture.


  • Franco - Nevada / FNV (TOR / NYSE)

    Franco-Nevada Reports Q1 2023 Results

    https://www.prnewswire.com/new…23-results-301813761.html


    TORONTO, May 2, 2023 /PRNewswire/ - Our diversified portfolio continues to generate strong cash flows and high margins. The first quarter was impacted by production disruptions at Cobre Panama and Antapaccay as well as lower energy prices. Stronger precious metal deliveries are anticipated in Q2 with both assets having returned to normal operations. "Cobre Panama's CP 100 Expansion is on-track for year-end and we look forward to initial contributions from Magino, Séguéla and Salares Norte during the year", commented Paul Brink, CEO. Franco-Nevada is debt-free, is growing its cash balances and has a strong pipeline of growth opportunities.
    After many years of valuable service, Louis Gignac and Elliott Pew retired from the Franco-Nevada Board at the Company's annual meeting earlier today. Mr. Gignac served as one of the original directors of Franco-Nevada since its IPO in 2007 and has provided invaluable expertise and guidance to the Board and management. Mr. Pew joined the Franco-Nevada Board in 2019 and was a key director as the Company grew its Energy portfolio. "On behalf of the Board, I would like to thank Louis and Elliott for the enormous contribution they have made to the success of Franco-Nevada", stated David Harquail, Chair.


    Strong Financial Position

    • No debt and $2.2 billion in available capital as at March 31, 2023
    • Generated $209.8 million in operating cash flow during the quarter
    • 16 consecutive dividend increases. Quarterly dividend of $0.34/share

    Sector-Leading ESG

    • Ranked Global 50 Top Rated and #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG
    • Committed to the World Gold Council's "Responsible Gold Mining Principles"
    • Partnering with our operators on community and ESG initiatives
    • Goals of at least 30% women Board members, one diverse Board member on grounds broader than gender diversity by 2025, and 40% diverse representation at the Board and top leadership levels as a group by 2025

    Diverse, Long-Life Portfolio

    • Most diverse royalty and streaming portfolio by asset, operator and country
    • Core precious metal streams on world-class copper assets outperforming acquisition expectations
    • Long-life reserves and resources

    Growth and Optionality

    • Mine expansions and new mines driving 5-year growth profile
    • Long-term optionality in gold, copper and nickel and exposed to some of the world's great mineral endowments
    • Strong pipeline of precious metal opportunities



  • Developer -- die Suche nach Alpha

    The winner is: Osisko Gold Royalties Ltd.


    Mr. Burzynski continued: “Osisko Mining would like to acknowledge and thank Sean Roosen in particular and the directors of Osisko Gold Royalties Ltd. (“OGR”) for their forward-looking vision in supporting the 2015 re-creation of Osisko Mining - one of the key first investment decisions in OGR’s very innovative and successful “accelerator model” concept to create new high-value negative-cost royalties tied to equity investment in new exploration companies. OGR holds a 2% - 3% NSR royalty on the Windfall area claims and 13% of the undiluted equity in the Corporation.”

  • Gold Fields / GFI (NYSE, JNB)

    Zitat von Vassago

    Gold Field erwirbt Anteil am Windfall Projekt in Kanada

    • für 600 Mio. C$
    • 50/50 JV mit Osisko Mining
    • Windfall soll 294koz Gold über 10 Jahre zu AISC von 758$/oz liefern (jedenfalls auf dem Papier)
    • GFI 15,48$
    • OSK.TO 3,66C$ (-3%)

    [Blockierte Grafik: https://thedeepdive.ca/wp-cont…loads/2023/05/image-3.png]
    https://www.miningmx.com/top-s…ndfall-project-for-c600m/

    The winner is:
    Mr. Burzynski continued: “Osisko Mining would like to acknowledge and thank Sean Roosen in particular and the directors of Osisko Gold Royalties Ltd. (“OGR”) for their forward-looking vision in supporting the 2015 re-creation of Osisko Mining - one of the key first investment decisions in OGR’s very innovative and successful “accelerator model” concept to create new high-value negative-cost royalties tied to equity investment in new exploration companies. OGR holds a 2% - 3% NSR royalty on the Windfall area claims and 13% of the undiluted equity in the Corporation.”

  • Developer -- die Suche nach Alpha

    Zitat von Sorgenfrei

    [Blockierte Grafik: https://pbs.twimg.com/media/Fv…format=jpg&name=4096x4096]

    Osisko Mining and Gold Fields Announce 50/50 Joint Venture on Windfall Gold Project
    https://ceo.ca/@globenewswire/…ields-announce-5050-joint


    TORONTO, May 02, 2023 (GLOBE NEWSWIRE) -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to announce it has concluded a 50/50 joint venture agreement with a subsidiary of Gold Fields Limited ("Gold Fields") for the joint ownership and development of Osisko's Windfall gold project, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec (the "Transaction").


    Transaction Highlights


    • Gold Fields initial cash payment to Osisko of C$300 million on signing.
    • Gold Fields additional (“Deferred”) cash payment to Osisko of C$300 million on issuance of the applicable permits authorizing the construction, operation and mining of the Windfall Project.
    • Gold Fields to sole fund expenditures for regional exploration up to a maximum of C$75 million, after which regional exploration programs would be proportionately funded by each of Osisko and Gold Fields.
    • In addition to the initial cash payment and the Deferred cash payment, Gold Fields to make two additional separate C$17 million cash payments to Osisko (C$34 million in total, the first on July 31, 2023 and the second on December 31, 2023). These represent reimbursement of items already incurred by Osisko as part of pre-construction spend.
    • Gold Fields and Osisko share all pre-construction costs (provisional budget estimated at C$250 million) and construction costs (feasibility capital expenditure estimated at C$789 million) on a 50/50 basis going forward.
    • Governance arrangements with equal representation in the Partnership from Osisko and Gold Fields, to leverage each party's skillsets.

  • Developer -- die Suche nach Alpha

    Quarrying has begun at Globex’s Silidor Property
    https://ceo.ca/@GlobeNewswire/…-globexs-silidor-property
    In 2022, Globex agreed to a quarrying deal with Rouyn-Noranda based Agrégat RN Inc. which specialize in earth movement, quarrying and open pit mining. Under the deal, Globex allowed Agrégat to apply for a BEX (a quarry licence) in order to quarry and crush for sale, large sterile granite outcroppings on the property. Per the agreement, Globex is to receive one hundred and fifty thousand dollars ($150,000) as an initial royalty payment upon the first 300,000 tonnes being sold from the property after which Globex is to receive twenty-five cents per tonne. Currently, 100,000 tonnes has been blasted and is being processed for delivery. Agrégat has an initial contract to provide one million tonnes to Glencore.
    [Blockierte Grafik: https://ml.globenewswire.com/Resource/Download/c6ee0520-9bc4-487e-8318-597716a0e305?size=3]


    The property has several million tonnes easily accessible within the current BEX and studies are underway to identify other areas on the property with economic potential, in order to extend the BEX in the near future.



    Globex maintains the rights to all precious and base metals on the property. In 2020, Globex completed a detailed aeromagnetic survey over the property to help define any potential structural controls of gold mineralization.


    Bischen O.T, aber Globex mit Lizenzeinnahmen finde ich gut. :thumbup:

  • Royalty- und Streamingfirmen für Rohstoffe und Energie

    RE Royalties Announces Fiscal 2022 Year End Financial Results
    Tuesday, May 2, 2023 9:00 AM [Blockierte Grafik: https://storage.googleapis.com…subaccounts/12924.jpg?v=0] RE Royalties Ltd.
    https://www.accesswire.com/752…ear-End-Financial-Results
    Key financial and business highlights of FY2022 include:

    • Record annual revenue and income, including the share of income from the Company's investment in OCEP for FY2022, of $4,744,000, an increase of $2,819,000 or 146% over the prior year.
    • Annual gross profit, including changes in fair value of financial assets and share of income in OCEP for FY2022, of $4,413,000, an increase of $2,770,000 or 169% over the prior year.
    • Annual Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA")1 for FY2022 of $2,010,000, an increase of $2,809,000 or 351% over the prior year.
    • Annual net loss after income tax for FY2022 of $434,000, a decrease of $1,696,000 or 80% over the prior year, and total comprehensive loss of $122,000, a decrease of $2,008,000 or 94% over the prior year.
    • Cash and cash equivalents, including restricted cash, of $7,580,000, at December 31, 2022.
    • Completed $23.4 million in investments encompassing solar, battery storage, renewable natural gas and energy efficiency.

  • Generation Mining / GENM (TSX)

    Generation Mining Announces US$400 Million Senior Debt Facility Mandate with EDC, ING, and Societe Generale

    https://www.businesswire.com/news/home/20230502005481/en/
    TORONTO--(BUSINESS WIRE)--Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) has executed a mandate letter to arrange a senior secured project finance facility of up to US$400 million (the “Mandate”) to fund the construction and development of its Marathon Palladium-Copper Project, located on the north shore of Lake Superior in the Province of Ontario, Canada (the “Marathon Project”).
    The US$400 million senior debt facility (CDN $540 million) combined with the undrawn Wheaton Precious Metals Stream of CDN $200 million represents a significant portion of the initial capital required to develop Generation Mining's Marathon Project.
    Tweet this
    [/quote]A syndicate including Export Development Canada (“EDC”), together with ING Capital LLC (“ING”) and Societe Generale S.A. (“Societe Generale”) will act as the Mandated Lead Arrangers (“MLAs”). The formal Mandate includes a non-binding indicative term sheet (the “Term Sheet”) for a senior debt facility of up to US$400 million (the “Facility”).
    The execution of the Mandate is a key milestone in the project financing process for the development of the Marathon Project. EDC, ING, and Societe Generale were chosen as MLAs due to their extensive experience providing project finance to greenfield mining projects and the strength of their mining teams.
    Closing of the Facility, targeted for the third quarter of 2023, remains subject to completion of final due diligence in form and substance satisfactory to the MLAs, final credit approvals and execution of definitive Facility documentation.
    The definitive Facility documentation will include customary project finance terms and conditions, as well as a comprehensive intercreditor agreement. Drawdowns under the Facility would be subject to customary conditions precedent.
    Jamie Levy, President and CEO, commenting on these arrangements said, “We are very pleased to have mandated these three financial institutions, all of whom have a strong mining and metals track record. The US$400 million senior debt facility (CDN $540 million) combined with the undrawn Wheaton Precious Metals Stream of CDN $200 million, or a total of CDN $740 million represents a significant portion of the initial capital required to develop the Marathon Project. The Company will now focus on finalizing the definitive documentation, together with arranging equipment leases and sourcing the balance of the capital required to fully finance construction.


  • AbraSilver Resource Corp. / ABRA (TSXV)

    Zitat von Neo

    Danke Sorgenfrei. Da war ich ja, aber da sind diese kaeufe nicht zu finden. Bitte schau mal selbst. Insiderkaeufe seit 24.4 hies es ja laut Foto.


    Herzliche Gruesse ..

    Nun ja, die Insider haben nicht am Markt gekauft, sondern ihre Optionen und Warrants ausgeübt. Immerhin fließt das Geld in die Kasse des Unternehmens.


    Grüße, S. [smilie_blume]