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  • Centerra Gold Inc. announced today that its Board of Directors has approved a quarterly dividend of C$0.07 per common share - approximately C$15.0 million or US$11.1 million. The quarterly dividend is payable on June 12, 2024, to shareholders of record as of the close of business on May 29, 2024. The dividend is an eligible dividend for Canadian income tax purposes. In accordance with Centerra's dividend policy, the timing and quantum of dividends are to be determined by the Board of Directors from time-to-time based on, among other things, the Company's operating results, cash flow and financial conditions, current and anticipated capital requirements, and general business conditions. About Centerra Gold Centerra Gold Inc. is a Canadian-based gold mining company ...
    14.05.2024
  • Additional High-Grade Values Continue to Support the Project's Robust Potential VANCOUVER, BC / TheNewswire / May 14, 2024 - Element79 Gold Corp. reports additional assay results from underground sampling at its flagship Lucero property, Peru, including samples up to 98 g/t gold and 2,034 g/t silver . Key Highlights: Significant Mineral Endowment : A total of 455 samples underground channel samples have been collected from this latest phase, representing nearly 600 kg of mineralization and 650 kg of wall rock, underwent comprehensive analysis by our partners at Ore Discovery and unveiled significant exploration potential. Notably, results in 115 samples returned substantial values in gold , silver , lead and zinc , highlighting the robust potential of Lucero's mineral endowme...
    14.05.2024
  • Bayridge Resources Corp. is pleased to announce the engagement of Geotech Ltd. to undertake a helicopter supported VTEM survey on its 11,142 ha Constellation uranium project in Canada's Athabasca Basin region. "This will be the first modern VTEM survey ever flown at Constellation," commented President & CEO, Saf Dhillon. "The GeoTech survey is designed to delineate and define basement-hosted uranium targets across the large property. Recent basement-hosted uranium success by NexGen Energy Ltd. well to the south of the sedimentary cover has generated considerable excitement and activity in the area, which should bode well for additional new discoveries," he continued. The Constellation property has favourable geology for basement-hosted unconformity-style uranium deposits. The...
    14.05.2024
  • All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the "Non-GAAP and Other Financial Measures" disclosure at the end of this news release for a description of these measures. TORONTO, May 14, 2024 -- Centerra Gold Inc. today reported its first quarter 2024 operating and financial results. President and CEO, Paul Tomory, commented, "Centerra had a strong quarter of operating performance with production and costs outperforming our expectations. At Mount Milligan, we continued to advance a site-wide optimization program, implementing tangible initiatives in several areas, including concentrate management, mine operations and mine-to-mill optimi...
    14.05.2024
  • Titan Mining Corp. announces the results for the quarter ended March 31, 2024. Don Taylor, President and Chief Executive Officer of Titan, commented, "We are pleased to announce that the Empire State Mine has been recognized by MSHA for its outstanding safety performance in 2023 with two 'Certificates of Achievement in Safety'. In addition to the outstanding safety performance ESM continues to meet or exceed production goals remaining on track to produce an estimated 56-60 million pounds of payable zinc during 2024. The management and workforce at ESM have established a firm foundation for both production and safety as we contemplate the Turnpike expansion project and development of the Kilbourne graphite project." Q1 2024 HIGHLIGHTS: Produced 14.7 million pounds of payable z...
    14.05.2024
  • Hudbay Minerals Inc. today released its first quarter 2024 financial results. All amounts are in U.S. dollars, unless otherwise noted. All production and cost amounts reflect the Copper Mountain mine on a 100% basis, with Hudbay owning a 75% interest in the mine. "We delivered another consecutive quarter of strong operational and financial performance with steady free cash flow generation and further debt reduction," said Peter Kukielski, President and Chief Executive Officer. "These results demonstrate the strength of our diversified operating base, with continued contributions from the high-grade Pampacancha deposit in Peru, better-than-planned gold production in Manitoba and benefits starting to be realized from operational stabilization efforts at the Copper Mountain mine ...
    14.05.2024
  • Desert Gold Ventures Inc. is pleased to announce the initiation of the second phase of it 2024 drill program. A total of 3,750 meters of exploration drilling is planned on its SMSZ Project in Mali, West Africa . Company CEO, Jared Scharf, commented, "Desert Gold continues to advance the SMSZ project, both through an ongoing PEA study of the oxide gold resources at 2 deposits and continued exploration, proximal to the oxide gold zones. This second phase program will test for extensions to two resource gold zones, a previously drilled gold occurrence and two high priority Au-in- auger anomaly areas. We strongly believe that this work will result in extensions to the Mogoyafara South zone, additional potential oxide gold resources at Barani East and the discovery of new gold zon...
    14.05.2024
  • CoTec Holdings Corp. is pleased to announce that MagIron LLC , in which the Company has an approximate 17 per cent equity interest on a fully diluted basis, has signed long-term mineral leases that provide further operational and economic support for the restart of MagIron's Plant 4 iron ore concentrator. When combined with the iron-bearing stockpiles already owned by MagIron, the aggregate iron-bearing materials secured could be sufficient to support Plant 4 for more than 20 years of operation, targeting annual production of 2.5 million dry tonnes per annum of Direct Reduction grade iron concentrate. Julian Treger, CoTec CEO commented; "This is another significant milestone for MagIron in the execution of their strategy to restart the Plant 4 concentrator. Ore characterizati...
    14.05.2024
  • Velox Energy Materials Inc. is pleased to report the review and definition of a drill-defined Exploration Target for the Runnymede area in the central tenement area of the North Queensland Vanadium Project situated within the "Vanadium Hub", approximately 370 km west of the port of Townsville, Queensland, Australia . The Runnymede Exploration Target is located approximately 66 km north-west of the township of Richmond and currently measures approximately 4.3 km in length and 3.5 km in width, with an average thickness of 10.70m and an average depth of 3.6m . The Exploration Target remains open to the northwest and north. The Exploration Target was calculated using validated historical drillhole data and hosts a target of 144.30 million tonnes up to 216.46 million tonnes, with ...
    14.05.2024
  • Golden Cariboo Resources Ltd. is pleased to announce it has mobilized field crews to map and prospect along the north-northwesterly trend of mineralized showings on its Quesnelle Quartz Mine property. The trend of MinFiles extends at least 1.9 km through the Property and contains the historic Quesnelle Quartz and Pioneer Mines. Previous work by Golden Cariboo geologists has highlighted potential along this trend in the Halo zone which yielded surface results of up to 5.08 g/t Au from representative grab samples of rock, as well as the North Hixon zone with surface results of up to 9.87 g/t Au from float as reported in Company's News Release dated May 18, 2023. The North Hixon zone is actively being drill tested in hole QGQ24-08. Objectives of the field program are to expand u...
    14.05.2024
  • NexGen Energy Ltd. is pleased to announce that the Company has closed its previously announced offering of 20,161,290 common shares, settled in the form of CHESS Depository Interests , at a price of C$11.11 per share , under an amended and restated placement agreement dated April 30, 2024 with a lead manager and bookrunner in Australia, Aitken Mount Capital Partners. The Offering was distributed to Australian investors to enhance the liquidity, trading volumes and market capitalization of the Company's CDIs listed on the ASX. The net proceeds from the Offering will be used to fund the continued development and further exploration of the Company's mineral properties, and for general corporate purposes. CDIs and underlying Shares have not been registered under the U.S. Securiti...
    14.05.2024
    von CNW
  • PPX Mining Corp. is pleased to announce that in May 2024 the underground sampling of level 2970 was carried out with 16 channels cut on the sulfide vein . The mineralization in these channels is closely associated with the assays obtained with the drillhole CA-24-07 . These channels intercepted the same tensional veins at a higher elevation. The last two channels, to the North, obtained spectacular results in Au and Ag assays and vein thickness. Just as channel C7 assayed 3.76 g/t Au and 2853.1 g/t Ag over 1.9m; channel C6 assayed 22.13 g/t Au and 718.0 g/t Ag over 0.5m; a central channel C12 assayed 17.73 g/t Au and 447.3 g/t Ag over 1.35m; to the South channel C14 assayed 9.55 g/t Au and 1236.0 g/t Ag over 0.85m. There is a Cu anomaly in one channel C5 assaying 2.22% Cu, 18...
    14.05.2024
  • Vox Royalty Corp. , a returns focused mining royalty company, is pleased to announce that it has completed the acquisition of an advanced portfolio of four Australian royalties at various stages of development including: construction, development and exploration and the rights to one production-linked milestone payment , from a private Australian group for cash consideration of A$4,700,000 . This transaction was originally referenced in a Vox press release dated 13 February 2024. Spencer Cole, Chief Investment Officer of Vox stated: "We are excited to complete this Australian royalty portfolio investment and we expect meaningful revenue from Castle Hill from early 2026 onwards. Of note, this transaction increases our large-cap operator portfolio weighting to over 65%, adding ...
    14.05.2024
  • Tarku Resources Ltd. has acquired the Dana Project, a nickel, copper, cobalt, and PGE project, located in Quebec. The Company continues to focus on its flagship projects, including the Three A's in Quebec and its Silver Strike Project in Arizona but believes the staking of the Dana Project adds significant longer-term value to the company at a minimal cost. Julien Davy, President and CEO of Tarku Resources, commented "the undervalued nature of exploration companies, relative to metal prices, and the restricted environment for raising capital create many valuable opportunities to gain interests in excellent projects that would otherwise be secured. While we are continuing to focus on our two core projects, adding strategic projects like Dana to the company's portfolio will add...
    14.05.2024
  • Highlights Dr. Stephen J. Piercey, VMS expert, completed a lithogeochemical study of host rocks at the Company's BMK VMS Deposit and associated regional VMS targets situated on the 37 km long BMK Trend . The Study confirms that the volcaniclastic- and sedimentary-rich assemblages within the BMK Trend are typical of those hosting high tonnage VMS deposits and districts globally, such as those observed in the high-grade VMS Bathurst Mining Camp, New Brunswick New zone of precious metals, gold-silver-lead mineralization, has been identified at the BMK Deposit: Assay results from a previously unsampled interval of drill hole BR07-39 - situated below the lower zone of VMS mineralization at the BMK Deposit - returned grades of 0.84 g/t Au, 95.05 g/t Ag, & 0.48% Pb over 5.75 metres including 7.17...
    14.05.2024



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