Lundin Gold Inc. is pleased to announce that it has entered into an agreement with Newmont Corporation to buy out 100% of the balance of the stream credit facility and offtake agreement for its 100% owned Fruta del Norte gold mine in Ecuador for total consideration of $330 million. All amounts are in U.S. dollars unless otherwise indicated. View PDF Ron Hochstein, President and CEO commented, "I'm very pleased to announce the buy out of the Stream Facility and Offtake. With this milestone complete, Lundin Gold will have repaid in full all of its project finance debt only four years after achieving commercial production at Fruta del Norte. Upon closing, the Company will be debt free and have increased exposure to rising gold prices, resulting in increased amounts...

C2C Metals is pleased to announce, effective immediately, the appointment of Mr. Jason Bagg as Chief Executive Officer of the Company. Mr. Bagg brings over 20 years of financial and uranium sector experience, including his position as President and Chief Executive Officer of Puranium Energy Ltd. William M. Sheriff, Chairman of C2C Metals, stated: "On behalf of the Board of Directors it is my pleasure to welcome Jason to the C2C team. His background in the financial markets and the uranium sector comes at an important time given C2C's increasing focus on conventional uranium assets within the United States." Mr. Chris Huggins has stepped down as a Director and the Chief Executive Officer of the Company. We thank him for his contr...

Star Diamond and Minespider announced that they have partnered to launch the Diamond Passport and comply with the new G7 rules. Recently, the G7 countries have put a direct ban on Russian diamonds and agreed to establish a verification and certification mechanism for rough diamonds to prove the origin to ensure diamonds are not mined, processed, or produced in conflict zones. Having over 6 years of traceability experience with companies like Google, Minsur, LuNa Smelter, and others, Minespider introduced its own Diamond Passport in...

Achieves net income of $56.0 million and adjusted EBITDA of $102.9 million Declares a quarterly cash dividend of $20.7 million, or $1.11 per share Reduces diluted share count by an incremental 3 percent during the quarter Arch Resources Inc. today reported net income of $56.0 million, or $2.98 per diluted share, in the first quarter of 2024, compared with net income of $198.1 million, or $10.02 per diluted share, in the prior-year period. Arch had adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, and non-operating expenses [1] of $102.9 million in the first quarter of 2024. This compares to $277.3 million of adjusted EBITDA in the first quarter of 2023. Revenues totaled $680.2 million for the three month...

CNX Resources Corp. today released financial and operational results for the first quarter 2024 by posting those results on its website as detailed below. The company's first quarter prepared remarks can be accessed by clicking here. First quarter earnings results and supplemental information regarding quarterly E&P data such as production volumes and hedging information, financial statements, and non-GAAP reconciliations can be accessed by clicking here. A company presentation to accompany its prepared remarks can be accessed by clicking here. The company's prepared remarks, earnings results and supplemental information, and presentation materials are also available on the Investor Relations page of the company's website at www.cnx.com. As previously disclosed, the CNX Q&...

Midnight Sun Mining Corp. is pleased to announce a non-brokered private placement of up to 15,000,000 units at a price of $0.22 per Unit for gross proceeds of $3,300,000 . Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant . Each Warrant will entitle the holder to purchase one Common Share of the Company for a period of thirty-six months from the closing of the Offering at an exercise price of $0.33. The Company intends to close the Offering as soon as practicable. Red Cloud Securities Inc. is acting as a finder for the Company under the Offering. The net proceeds of the Offering will be used by the Company to fund exploration work on its Zambian mineral properties as well as general working capital. The Offering, in...

Newcore Gold Ltd. is pleased to announce positive results from the independent, updated Preliminary Economic Assessment completed for the Company's 100%-owned Enchi Gold Project in Ghana. The PEA was led by Lycopodium Minerals Canada Limited of Toronto, Canada and provides a base case assessment of developing Enchi as a low capital intense, open pit, heap leach operation, processing 8.1 million tonnes per annum utilizing contract mining. The PEA incorporated updated costing as well as development work completed on the Project since 2021 including a larger Mineral Resource Estimate completed in 2023, a significant amount of bench-scale and bulk sample metallurgical testwork and an updated environmental and social baseline study. All currencies in this news release are reported...

DLP Resources Inc. announces receipt of the second phase of rock sampling results from the Esperanza porphyry copper-molybdenum project immediately south of the Chapi Mine. Results for the additional 53 rock samples taken in the initial reconnaissance sampling and mapping of the northwestern part of the project have returned highly anomalous copper, molybdenum, cobalt and zinc in mapped intrusive stocks and polymictic breccias within the overlying volcanics . Highlights Fifteen of the fifty-three rock chip samples returned values between 0.3% Cu and 3.46% Cu . These samples were taken from outcropping quartz diorite and polymictic breccias with visible copper-oxides, iron oxides and tourmaline in fractures. Rock chip samples with high copper grades included:...

Kodiak Copper Corp. today reports a new copper porphyry discovery at the 1516 Zone located on the southern portion of the 100% owned MPD copper-gold porphyry project in southern British Columbia. Results from the final 21 holes drilled at MPD in 2023 are presented in this release, which include the first assays from discovery holes at 1516, as well as the last holes reporting from the West, South and Man Zones from 2023. Highlights The new 1516 Zone is the second previously unknown copper porphyry centre discovered by Kodiak on the MPD Project, after the Gate Zone discovery. The new 1516 Zone is interpreted to be part of a larger, multi-centred 4.5 square kilometre porphyry system that also hosts the South, Mid and Adit Zones, based on drill core chemistry and historic copper...

Not for distribution to the United States newswire services or for dissemination in the United States Snowline Gold Corp. is pleased to announce that it has completed its previously announced "bought deal" private placement of 3,685,750 charity flow-through common shares of the Company at a price of C$7.80 per FT Share for aggregate gross proceeds of C$28,748,850 , including C$3,749,850 from the full exercise of the underwriters' option. Each FT Share will qualify as a "flow-through share" of the Income Tax Act ). The Company also completed a concurrent non-brokered private placement of 405,000 FT Shares at the Offering Price for additional gross proceeds of C$3,159,000, through which existing shareholder B2Gold Corp. subscribed to maintain its 9.9% interest in the Company. "...

Core Assets Corp., is pleased to provide a summary of results from the 2023 exploration program at the Silver Lime CRD-Porphyry Project , central Blue Property , Atlin Mining District of NW British Columbia. In 2023, Core Assets completed 4,245m of shallow, exploratory diamond drilling over 21 HQ-sized drill holes; 14.4 line-kilometers of a high-resolution 3D-DCIP geophysical survey over the high-grade Pete's-Sulphide City-Gally Trend; and the collection of 89 surficial rock samples across the Silver Lime CRD-Porphyry Project footprint. A brief overview of exploration work and results from the Silver Lime CRD-Porphyry Project follows the 2023 highlights section below. 2023 SILVER LIME CRD-PORPHYRY PROJECT HIGHLIGHTS Diamond drilling at the Pete's and Gally CRD Targets confirm...

Vox Royalty Corp. , a returns focused mining royalty company, is pleased to announce the release of its 2024 shareholder letter. The letter can be found on the Vox website at https://voxroyalty.com/investors/shareholder-letters/ . About Vox Vox is a returns focused mining royalty company with a portfolio of over 60 royalties spanning seven jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 25 separate transactions to acquire over 60 royalties. Further information on Vox can be found at www.voxroyalty.c...

NV Gold Corp. is pleased to report promising gold, silver, and copper values from rock chip sampling at its 100%-owned Root Spring Gold Project in Pershing County, Nevada. Two new samples with up to 14.4 g/t gold ) accompanied by high silver values reaching 5440 g/t and 1.26% copper These samples eclipse the historical high-grade samples and the Company plans to reevaluate the Property for a potentially larger and higher-grade target. John Watson, Interim CEO commented, "These recent encouraging samples were collected in one of the limited bedrock exposures on the property. They clearly support the strength of a strong precious metals system and encourage additional exploration of the property. The Company is evaluating the possibility of a genetic link to our nearby Triple T...