Compañia de Minas Buenaventura S.A.A. , Peru's largest publicly-traded precious metals mining company, today announced that it has closed a transaction to sell to a subsidiary of Franco-Nevada Corp. 100% of Chaupiloma Dos de Cajamarca , Buenaventura's subsidiary that owns 1.8% net smelter return royalty on all minerals covering Newmont Corp.'s Yanacocha mine and adjacent mineral properties located in Peru. Under the terms of the definitive agreement, consideration for the Royalty consists of $210 million paid to Buenaventura in cash upon closing, as well as a contingent payment of $15 million in Franco-Nevada common shares, payable upon achievement of certain conditions as described below. "Today's announcement represents another critical step forward...

Denarius Metals Corp. announced today that it has closed the first tranche of its previously announced non-brokered private placement resulting in the issuance of 7,362,221 common shares at CA$0.45 per share for gross proceeds of CA$3,312,999.45. This brings the Company's issued and outstanding common shares as of the current date to 73,553,973 common shares. The First Tranche forms part of a larger private placement of up to 22,222,222 common shares for total gross proceeds of up to CA$10,000,000 . The Company expects to complete the Offering in one or more additional tranches on or before September 5, 2024. In connection with the First Tranche, Mr. Serafino Iacono , an insider of the Company, acquired 5,555,555 common shares. As a result of closing the First Tranche, Mr. Ia...

Trading Symbol: Silvercorp Metals Inc. reported its financial and operating results for the three months ended June 30, 2024 . All amounts are expressed in US dollars, and figures may not add due to rounding. HIGHLIGHTS FOR Q1 FISCAL 2025 Mined 343,847 tonnes of ore, milled 307,696 tonnes of ore, and produced approximately 1,146 ounces of gold, 1.7 million ounces of silver, or approximately 1.8 million ounces of silver equivalent, plus 15.6 million pounds of lead and 6.4 million pounds of zinc; Sold approximately 998 ounces of gold, 1.7 million ounces of silver, 15.7 million pounds of lead, and 6.5 million pounds of zinc, for revenue of $72.2 million; Reported net income attributable to equity shareholders of $21.9 million, or $0.12 per share; Realized adjusted basic earnings ...

Aris Mining announces its full financial and operating results for the three and six months ended June 30, 2024 . Aris Mining previously reported H1 2024 gold production of 99,983 ounces and reaffirmed the Company is on track to meet the lower end of its 2024 consolidated gold production guidance of 220,000 to 240,000 ounces with the processing plant expansion at the Segovia Operations and construction of the Marmato Lower Mine progressing as planned. Q2 2024 Q1 2024 H1 2024 Gold production 49,216 50,768 99,983 EBITDA1 $30.8M $22.4M $53.2M Adjusted EBITDA1 $36.1M $28.4M $64.5M Net earnings $5.7M or $0.04/share $M or $/share $5.0M or $0.03/share Adjusted earnings1 $12.7M or $0.08/share $5.4M or $0.04/sha...

MONTRÉAL - Scandium Canada Ltd. announces that it has closed its previously announce non-brokered private placement for gross proceeds of $226,849.98 . The Offering consisted of the issuance of a total of 6,028,392 units of the Corporation , being 2,857,142 Units at a price of $0.035 per Unit and 3,171,250 Units at a price of $0.04 per Unit. Each Unit consists of one common share of the Corporation and one Common Share purchase warrant . Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.05 per Common Share for a period of 24 months from the date of issuance thereof. The Corporation also announces its intention to close a second tranche of the Offering of Units at a price of $0.04 per Unit on or prior to August 26, 2024, fo...

Ceylon Graphite Corp. is providing this default status report in accordance with National Policy 12-203 - Management Cease Trade Orders . On July 30, 2024, the Company announced that it was not in a position to file its audited financial statements, CEO and CFO certifications, and management discussion and analysis for the year ended March 31, 2024 on or before July 29, 2024. On July 30, 2024, the British Columbia Securities Commission, as principal regulator, granted a the Company a management cease trade order . The Company continues to work diligently to complete the audit by September 27, 2024. Pursuant to NP 12-203, the Company must file bi-weekly default status reports in the form of further news releases during the period of the MCTO. The Company reports that since its...

K92 Mining Inc. is pleased to announce financial results for the three and six months ended June 30, 2024. Production Quarterly production of 24,347 ounces gold equivalent or 21,661 oz gold, 1,246,639 lbs copper and 26,754 oz silver . Production for the quarter was impacted by the temporary suspension of operations as previously announced. Cash costs of US$919/oz gold and all-in sustaining costs of US$1,510/oz gold . Strong metallurgical recoveries in Q2 of 93.7% gold and 95.3% copper, representing the highest gold recoveries since Q4 2019 and record quarterly recoveries to date for copper. Quarterly ore processed of 95,582 tonnes and total ore mined of 99,209 tonnes, with long hole open stoping performing to design, and 1,938 metres of total mine development. Head grade of 8...

Contango Ore Inc. announced today it filed its Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission. The Company reported a net loss of $18.5 million or a loss of $1.90 per basic and diluted share for Q2-2024, which includes a non-cash expense of $12.6 M related to a loss on mark-to-market derivative contracts, calculated based on a forward gold price compared to the contracted hedge price. This compares to a net loss of $10.4 M or a loss of $1.38 per basic and diluted share for the three month period ended June 30, 2023 . The primary reason for the increase in net loss in the 2024 period is due to the Company entering into derivative gold hedging contracts with its lenders in the second half of 2023. Furthermore, the Company incurred incr...

Gold Royalty Corp. is pleased to announce the filing of its operating and financial results for the three and six months ended June 30, 2024. All amounts are expressed in U.S. dollars unless otherwise noted. David Garofalo, Chairman and CEO of Gold Royalty, commented: "The second quarter of 2024 was transformational for Gold Royalty as we meaningfully enhanced our growth outlook through the Vares Copper Stream transaction. We are now on the cusp of several key development stage assets ramping up to full capacity such as Côté, which recently achieved commercial production, Vares which is set to achieve commercial production in the fourth quarter, and Borborema, which is on track for initial production in the first quarter of 2025. Our strategic acquisitions over the past twelv...

Electra Battery Materials Corp. today announced voting results of its 2024 annual general and special meeting of shareholders held today, August 13, in Toronto. A total of 13,467,376 common shares in the capital of the Company , or 23.6% of Electra's issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of all items of business put forth at the meeting, including the appointment of MNP LLP as external auditors. On a vote by ballot, each of the four director nominees listed in the management circular were elected to serve until the next annual meeting of shareholders or until their replacement is named: Nominee Votes For % of Votes For Votes Against % of Votes Against Trent Mell 4,933,319 83.89% 947,188 16.11% ...

Elcora Advanced Materials Corp. , , is providing this update on the status of a management cease trade order granted on July 30, 2024 by the Nova Scotia Securities Commission under National Policy 12-203 - Management Cease Trade Order . On July 12, 2024 and July 30, 2024, the Company announced that, for reasons disclosed in the news releases, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended March 31, 2024 beyond the period prescribed under applicable Canadian securities laws . "We are working very hard to complete all of the remaining audit tasks as soon as possible," said Troy Grant, CEO of the Company. During the MCTO, the general investing public will continue to be able to trad...

New Destiny Mining Corp. , provides the following update on its 2024 exploration program at the Treasure Mountain project, near Princeton, BC. Copper mineralization on hole TMN24-04 . A) Hydrothermally altered and banded volcanic unit with gray silica, chalcopyrite, and pyrite in bands. B) Disseminated network textured chalcopyrite in bands with pyrite and sphalerite within a volcanic unit. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5001/219800_1e5e6004747f2a2c_002full.jpg Drilling continues at the Railroad copper-silver zone from the Treasure Mountain property. Hole TMN24-04 was designed to test the extension of the mineralized zone at the Railroad zone. TMN24-04 intersected an altered and banded volcanic unit from 13.61 ...

Coniagas Battery Metals Inc. is pleased to announce that all six nominees listed in its management information circular dated June 26, 2024 were elected as directors at the Company's annual meeting held today in Montreal with a vote of more than 99% of the votes cast at the meeting. Coniagas' Board of Directors now consists of Jessie Acton, Daniel Barrette, Aurelian Basa, Frank J. Basa, Ronald Goguen, Sr. and Heidi Gutte. At the meeting, shareholders also approved a resolution confirming an amendment to Coniagas' by-laws pertaining to quorum for shareholders' meetings and reappointed McGovern Hurley LLP, Chartered Professional Accountants, as Coniagas' auditor. About Coniagas Battery Metals Inc. Coniagas Battery Metals Inc. is a Canadian junior mining company, focused on nick...