Caledonia Mining Corporation plc chief executive Mark Learmonth takes Proactive's Stephen Gunnion through the company's first-quarter performance.
Caledonia increased gold production from over 16,000 ounces in the same period in 2023, to 17,500 ounces. This boost in production, coupled with a favourable gold price, resulted in gross profit rising from under $6 million to nearly $14 million. However, despite a reported net profit of $2.1 million, this figure included a substantial foreign exchange loss, specifically due to the devaluation of the Zimbabwean dollar. Adjusted for this loss, the earnings per share shifted from a loss of $0.29 in Q1 of 2023 to a profit of $0.27 in Q1 of 2024.
Learmonth also addressed issues from the previous year, notably the Bilboes project, which h...

Cornish Metals Inc. notes the recent decline in its share price and confirms it is unaware of any operational or corporate reason for the price movement. On April 30, 2024 the Company reported a positive independent Preliminary Economic Assessment for its 100% owned South Crofty tin project located in Cornwall, United Kingdom. The PEA validates South Crofty's economic viability, producing a base case after-tax Net Present Value of US$201 million and Internal Rate of Return of 29.8%, and confirms the Project's potential to be a low-cost and long-life tin mining operation with a current 14-year life of mine . A recording of management's May 1, 2024 detailed presentation of the PEA can be found on the Cornish Metals website or by following this link. A technical repo...

Usha Resources Ltd. , a North American lithium exploration company, is pleased to announce that it has entered into a Letter of Intent with Stardust Power, Inc. dated March 15, 2024 granting Stardust Power the right to earn up to a 90% interest subject to a 2% Net Smelter Royalty in Usha's Jackpot Lake Lithium Brine Project . If the parties enter into definitive agreements covering the transaction, depending on the earn-in level, the total consideration could total up to US$26,025,000 over five years inclusive of payments comprising US$1,525,000 cash, US$750,000 stock, US$15,750,000 stock or cash at Stardust Power's election, and a work commitment of . Upon completion of the full earn-in including NSR buyback, Usha would retain 10% of the Project and a 2% NSR and would be car...

Camino Corp. is pleased to announce that it has increased its claims at its Los Chapitos copper property by an additional 1,700 hectares. In a land auction, Camino successfully competed against other bidders that included Rio Tinto, to gain titles to new exploration claims immediately adjacent to the Company's Los Chapitos copper claims. The claims increase brings the Los Chapitos areas to a total of 22,571 hectares. This is the second increase in claims by Camino in the last year . Rio Tinto also had the winning bid for part of the auction and increased their claim position next to Camino. The first new claim block 59 , is located to the northwest, connecting Camino's claims and Rio Tinto's claims, and follows the extension of a major fault structure called La Estancia . The La Estancia f...

Filo Corp. is pleased to announce that its Annual General Meeting of Shareholders will be held on Friday, June 21, 2024, at 10:00 a.m. Pacific Time at Suite 2800, Four Bentall Centre, 1055 Dunsmuir St. Vancouver BC. View PDF The Meeting is being held for the following purposes: To receive the audited consolidated financial statements of the Company for the year ended December 31, 2023, together with the report of the auditors; To appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants as auditors of the Company for the ensuing year, and to authorize the directors to fix the remuneration to be paid to the auditors; and To elect the directors of the Company for the ensuing year. The record date for the Meeting is May 6, 2024. The Notice of Meeting, the accompanying Management ...

Ecora Resources PLC announces that on 16 May 2024, it purchased 100,000 ordinary shares of 2p each in the Company on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback programme announced on 27 March 2024 . The shares acquired will be held in treasury. Date of purchase: 16 May 2024 Aggregate number of ordinary shares purchased: 100,000 Lowest price paid per share : 87.00 Highest price paid per share : 87.00 Volume weighted average price paid per share : 87.00 Following the purchase, the Company will have 261,732,553 ordinary shares of 2p each in issue, of which 11,475,656 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 250,256,897. The above figure of 250,256,89...

Condor Gold is pleased to announce its audited results for the year ended 31 December 2023 and provides notification that the Annual General Meeting of shareholders of the Company will be held at 3:00 p.m. on 28 June 2024 at 7/8 Innovation Place, Godalming, Surrey, GU7 1JX, United Kingdom. The Company has published the formal notice of meeting on its website together with the related voting proxy form for use by shareholders. A copy of the Notice, together with the proxy voting form, the Annual Report for the year ended 31 December 2023 will be posted to all shareholders who have elected to receive them in hard copy. Highlights for twelve months to 31 December 2023 There continues to be significant interest in the sale of the Company's assets. On 5 December 2023 the Company announced that ...

GoldMining Inc. is pleased to announce that at its annual general meeting held on May 16, 2024 , all nominees listed in its management information circular dated March 25, 2024 were elected as directors of the Company. A quorum of 32.49% of the votes attached to the outstanding shares of the Company was present in person or by proxy at the Meeting. Each of the following eight nominees proposed by management was elected as a director. The results of such vote were as follows: Director Total Votes For Total Votes % of Votes For Amir Adnani 31,193,565 33,899,057 92.02 % David Garofalo 31,215,384 33,903,847 92.07 % Garnet Dawson 32,014,502 33,896,287 94.45 % David Kong 31,947,337 33,891,443 94.26 % Gloria Ballesta 23,184,218 33,903,827 68.38 % Hon. Herb Dhaliwal 31,896,964 33,886...

Nickel 28 Capital Corp. announced today that it has made a voluntary application to the applicable Canadian securities regulatory authorities for a temporary management cease trade order under National Policy 12-203 - Management Cease Trade Orders , which, if granted, will prohibit trading in securities of the Company by certain directors and officers of the Company until such time as the Required Filings and all continuous disclosure requirements have been filed by the Company, and the MCTO has been lifted. During the period in which the MCTO is effective, the general public, who are not insiders of the Company, would continue to be able to trade in the Company's listed securities. The MCTO application has been made but there is no guarantee or assurance that the MCTO will b...

Labrador Iron Ore Royalty Corp. announced the results of the election of directors at its annual and special meeting of holders of common shares held today by way of a hybrid meeting conducted virtually and in person. The following nominee directors listed in the Corporation's management information circular dated April 8, 2024 were elected as directors of the Corporation. The vote was conducted by ballot online and in person. The number of common shares voted for or against the election of each director was as indicated below: Votes For Votes Against Number Percent Number Percent Mark J. Fuller 24,489,774 72.47 % 9,304,398 27.53 % Douglas F. McCutcheon 33,476,269 99.06 % 317,903 0.94 % Dorothea E. Mell 33,481,535 99.07 % 312,637 0.93 % William H. McNeil 30,729,278 90.93 % 3,...

Silver Viper Minerals Corp. announces that it has closed the final tranche of its non-brokered private placement financing pursuant to the Listed Issuer Financing Exemption of National Instrument 45‑106 - Prospectus Exemptions announced on April 4, 2024. The Final Tranche was comprised of 2,638,000 units of the Company issued at a price of $0.10 per Unit for aggregate gross proceeds of $263,800. In total, the Company raised $2,376,900 pursuant to the Offering, having previously closed a tranche on April 12, 2024, that raised an aggregate of $2,113,100. Each Unit consists of one common share of the Corporation and one-half of one common share purchase warrant . Each Warrant will entitle the holder to purchase an additional Share at a price of $0.15 per Share for a period...

SPC Nickel Corp. is pleased to announce an upsize of its previously announced non-brokered private placement of common share units and flow‑through common shares . The Company has increased the aggregate gross proceeds of the Offering from $1,500,000 to $2,015,000. The Company has also amended the issue price of the FT Shares from $0.06 to $0.055 per FT Share. The Company anticipates issuing 30,740,000 Common Share Units and 8,681,818 FT Shares pursuant to the Offering. Each Common Share Unit shall consist of one common share and one half of a purchase warrant of the Company to acquire one common share at an exercise price of $0.07 per share exercisable for a period of 18 months from the Closing Date. The Company may pay to eligible finders assisting in the Offering a c...

TSX: DIAM SASKATOON, SK, May 16, 2024 /CNW/ - Star Diamond Corp. is pleased to announce that all of the nominees listed in the management proxy circular dated April 1, 2024 were elected as directors of the Corporation at its annual meeting of shareholders held on May 16, 2024 . Details of the voting results for the election of directors are set out below: Nominee Votes For Votes Withheld Number % Number % Ewan D. Mason 204,102,609 98.627 2,840,668 1.373 Lisa K. Riley 203,936,549 98.547 3,006,728 1.453 Larry E. Phillips 203,942,356 98.550 3,000,921 1.450 Marilyn D. Spink 203,937,094 98.547 3,006,183 1.453 In addition, shareholders also approved a resolution: re-appointing KPMG LLP as the Corporation's independent auditor; approving the continuation and amendment and restatemen...