Royal Gold, Inc. reports net income of $81.2 million, or $1.23 per share, for the quarter ended June 30, 2024, on revenue of $174.1 million and operating cash flow of $113.5 million. Adjusted net income1 was $82.6 million, or $1.25 per share. Second Quarter 2024 Highlights: Strong financial results with revenue of $174.1 million, operating cash flow of $113.5 million and earnings of $81.2 million; after minor adjustments, adjusted earnings were a quarterly record Revenue split: 74% gold, 13% silver, 10% copper Sales volume of 74,500 GEOs2 Sustained high adjusted EBITDA margin1 of 81% Repaid $100 million of debt, reducing total debt to $50 million Total available liquidity was approximately $1 billion, and balance sheet returned to net cash position Paid quarterly dividend of $0.40 per shar...

CVW CleanTech announced today that effective today it is entering into a royalty investment with Northstar Clean Technologies Inc. pursuant to which the Company has agreed to purchase a five-year $14 million second secured 10% convertible debenture of Northstar , which will be convertible into a revenue royalty on Northstar's next two asphalt shingle reprocessing facilities . Upon conversion of the Convertible Debenture, and pursuant to the terms of the royalty agreement, CVW CleanTech is entitled to receive recurring royalty payments based on revenues at Northstar's next two facilities, which will be no less than 12% of such revenues. In connection with the Transaction, CVW CleanTech has made an initial payment to Northstar in the amount of $1.5 million. The Transaction is ex...

Big Red Mining Corp. is pleased to announce the closing of its Non-Brokered Private Placement announced June 27, 2024. The Private Placement consisted of the issuance of 1,500,000 common shares of the Company at a price of C$0.10 per common share for gross proceeds of $150,000 to the Company. All securities issued pursuant to the Private Placement are subject to a statutory hold period in accordance with the applicable Canadian securities laws, expiring on December 7, 2024. The net proceeds received from the Offering will be used by the Company for general working capital and exploration and development activities. About Big Red Mining Corp. Big Red holds an option to acquire a 100% interest in the Dobie Lake Copper Project in Ontario, Canada. The Property is Located approxim...

No.24-13 BMM: TSX-V Black Mammoth Metals Corp. is pleased to announce that Quicksilver Systems of Bend, Oregon has completed and interpreted a mercury vapor survey on behalf of the Company at its Happy Cat gold property in Nevada. Mercury detectors were placed at 335 stations along 6 east - west lines, 30m apart, with lines ranging 122m to 293m between lines. The Hg Survey was located over the Property's approximate 4 square kilometer area that is identified as being hydrothermally altered typical to that of alteration zones present at other Carlin-type deposits in northern Nevada. The Alteration encompasses an area where northerly trending high-angle faults intersect indicated NW-trending re-activated faults that are known to be of age and orientation as ore-controlling faul...

SLAM Exploration announces it drilled a 64.90 meter core interval grading 2.19% copper equivalent from 23.60 m to 88.50 m in hole GW24-02. This interval includes a 31.20 m zone grading 3.84% copper equivalent and individual samples ranging up to 12.51% copper equivalent over 0.50 meters. GW24-02 is one of 3 holes drilled on SLAM's wholly owned Goodwin claims located 5 kilometers southwest of the Half Mile copper zinc silver deposit in the Bathurst Mining Camp of New Brunswick. From To Length Copper Nickel Gold Cobalt Silver Copper % Meters Meters Meters % % g/t % g/t Equivalent 23.60 88.50 **64.90 0.73 0.64 0.07 0.05 6.34 2.19 23.60 71.00 **47.40 0.94 0.83 0.09 0.06 ...

Red Lake Gold Inc. provides a corporate update. Financing Update The Corporation reports that it has discontinued its previously announced financing , with no common shares having been issued thereunder. As at the date hereof, the Corporation has 41,739,169 common shares issued and outstanding. Additional Update The Corporation was yesterday advised by its geological consultants, Fladgate Exploration Consulting Corporation , that full and final laboratory results from the Corporation's recent exploration program have been received by Fladgate . Red Lake Gold expects to receive said laboratory results this week from Fladgate and will then undertake to review and analyze the same, and if appropriate then being followed by the Corporation endeavouring to provide a near-term upda...

American Salars Lithium Inc. announces that its common shares will commence trading under the symbol "USLIF" effective today August 7th, 2024, on the OTC Markets, a US trading platform that is operated by the OTC Markets Group in New York. The Company's common shares will continue to trade on its primary market, the Canadian Stock Exchange under the symbol "USLI" as well as on the Frankfurt Stock Exchange under the symbol "Z3P". In addition, the Company is pleased to announce that it has received DTC eligibility by The Depository Trust Company , a subsidiary of the Depository Trust & Clearing Corporation . Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up...

Argo Gold Inc. has entered into an agreement to acquire mineral claims in North Saskatchewan pursuant to which Argo Gold can acquire a 100% interest in certain mineral claims located 120 kilometres north of La Ronge, Saskatchewan in exchange for an aggregate of $7,000 cash and 1,000,000 common shares of the Company. The common shares issuable thereunder will be subject to a statutory hold period of four months and one day from the date of issuance. The North Saskatchewan mineral claims consist of 5955 hectares proximal to the past-producing Rottenstone Mine which produced nickel, copper, gold and platinum group metals from 1965 to 1969. The open pit mine operated during a summer production season, with winter haulage, and the concentrate produced was shipped to Copper Cliff, ...

Showcase Minerals Inc. is pleased to announce that it has commenced its Phase 1 exploration program on the Pontiac Uranium Project located in Québec, Canada this week. The Phase 1 exploration program will involve prospecting, geological mapping, and sampling activities, complemented by scintillometer radiometric surveys. This initial phase aims to verify historical mineralization and exploration targets, and to identify new potential areas of interest on the Project. Historical data indicates uranium mineralization at surface levels ranging from 0.11% to 1% uranium oxide , with drill hole results revealing values of 0.07% U3O8 over 4.6 meters within granitic rocks interbedded with hornblende gneisses. "We are thrilled to embark on this exploration program, which marks a signi...

Filo Corp. is pleased to announce that it has closed its previously announced private placement of 3,484,848 common shares in the capital of the Company issued at a price of C$33.00 per share for gross proceeds of C$114,999,984.00 . The Private Placement was made pursuant to subscription agreements entered into between Filo and each of BHP and Lundin Mining Corp. . Upon completion of the Private Placement, each of BHP's and Lundin's equity interest in the Company has increased by approximately 1.3%, resulting in each of them now owning, directly or indirectly, approximately 7.1% and 1.7%, respectively, and the Company now has 134,685,648 Filo Shares issued and outstanding. The Private Placement entails a dilution of approximately 2.6% of the number of shares and votes in the C...

Cascada Silver Corp. announces that it has granted 14,010,000 stock options with 6,780,000 options granted to directors and officers of Cascada and 7,230,000 options granted to Cascada consultants. Each option entitles the holder to acquire one Cascada common share at an exercise price of $0.05 until August 8, 2027. Mina Guanaca Drilling Program At the Mina Guanaca Copper Property, preliminary mapping has been completed and drone-based topography will be finished shortly enabling Cascada to tie-in the existing mine infrastructure, exposed oxide copper mineralization, and historical drill pads. The completion of this compilation will allow Cascada to refine the location of the planned drill holes. Drilling is anticipated to commence this month. NI 43-101 Technical Disclosure T...

JOHN'S, NL, Aug. 7, 2024 /CNW/ - Aurion Resources Ltd. announces that it has completed its previously announced best efforts private placement , and non-brokered private placement , for aggregate gross proceeds of approximately C$9,036,481 from the sale of 16,429,965 common shares of the Company at a price of C$0.55 per Common Share . Best Efforts Private Placement Under the Brokered Offering, the Company issued an aggregate of 14,545,455 Common Shares at a price of C$0.55 per Common Share for aggregate gross proceeds of C$8,000,000, which includes the full exercise of the agent's option. The Brokered Offering was led by Red Cloud Securities Inc., as lead agent and sole bookrunner, on behalf of a syndicate of agents including Canaccord Genuity Corp., Haywood Securities Inc., ...

New Destiny Mining Corp. provides the following update on its 2024 exploration program at the Treasure Mountain project, near Princeton, BC. Recent prospecting that is being done in conjunction with the current drill program resulted in a the discovery of a new mineralized zone at Jim Kelly Creek. Rusty vein quartz material containing abundant chalcopyrite mineralization was discovered near the creek at high elevation. The material appears to be sourced from an east-west striking zone that follows a break in slope. The vein material contains up to 50% chalcopyrite mineralization . Quartz vein discovered from prospecting at the Treasure Mountain property, showing abundant chalcopyrite mineralization To view an enhanced version of this graphic, please visit: https://images.news...