Intrepid Potash Inc. today reported its results for the first quarter of 2024. Key Highlights for First Quarter 2024 Financial & Operational Total sales of $79.3 million, which compares to $86.9 million in the first quarter of 2023. Net loss of $3.1 million , which compares to net income of $4.5 million in the first quarter of 2023. Gross margin of $6.4 million, which compares to $16.4 million in the first quarter of 2023. Cash flow provided by operations of $41.5 million, which compares to $8.4 million of cash flow provided by operations in the first quarter of 2023. First quarter 2024 cash flow from operations includes $45 million received from XTO Holdings under the amended Cooperative Development Agreement. Adjusted EBITDA of $7.7 million, which compares to $16.4 million ...

McEwen Mining Inc. today reported its first quarter results for the period ended March 31st, 2024. "During a recent trip to Argentina, together with several members of our senior management, we had the distinct pleasure of meeting with President Milei. He spoke about his plans to improve the lives of people and stimulate the country's economy through fiscal discipline and foreign-investment-friendly policies. We had a wide-ranging conversation about what steps could be taken to encourage large capital inflows to invest in productive assets that create a strong tax base and provide long-term high paying jobs. We spoke about our Los Azules copper project and how we have invested significant funds to advance it to the point where it could be producing large quantities of pure gr...

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Sierra Madre Gold and Silver Ltd. is pleased to announce that First Majestic Silver Corp. has today advanced the Company a non-revolving, secured term loan in the amount of US$5 million pursuant to the terms of a loan agreement entered into by the Company and First Majestic. Since acquiring the La Guitarra Silver-Gold Mine Complex in Estado de Mexico, Mexico in March 2023, the Company has made notable advancements to the facilities, equipment, and infrastructure at the mine site. The Company intends to use the proceeds of the Loan to complete this work, which will include: lead orders for critical mining equipment, processing facility upgrades, mill repairs, full staffing arrangements, and final underground development readied for operational restart. Alex Langer, Sierra Madr...

SSR Mining Inc. reports consolidated financial results for the first quarter ended March 31, 2024, as well as an update on the February 13, 2024 incident at the Çöpler mine . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507361524/en/ Figure 1. Location of containment and proposed remediation infrastructure overlain on an aerial view of the Çöpler site as of May 1, 2024. Çöpler Update Our primary focus at Çöpler continues to be the return of our missing colleagues to their families. Following the recovery of four of our missing colleagues, recovery efforts for the five remaining individuals continue. To-date over 6.7 million tonnes of heap leach material has been relocated as part of the ongoing recovery, contain...

Opus One Gold Corp. , is pleased to announce a non-brokered private placement for gross proceeds of up to C$500,000 from the sale of units of the Company . Each Unit shall be issued at price per Unit of $0.02 and shall be comprised of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder to acquire one Share at an exercise price of $0.05 per Share for a period of 24 months following the closing of the offering. The Units will be offered by way of the "accredited investor" exemption under National Instrument 45-106 - Prospectus Exemptions in all the provinces of Canada. The Units, Shares, Warrants and Warrant Shares will be subject to a four-month hold period in Canada following the closing of the offering. In accordance...

Western Alaska Minerals is pleased to announce that, further to its news releases dated April 18, 2024, April 22, 2024, April 26, 2024, and May 3, 2024, the Company has closed its previously announced non-brokered private placement for aggregate gross proceeds of C$2,478,437.65. Under the upsized Offering, the Company issued 3,812,981 units of the Company at a price of $0.65 per Unit . Each Unit is comprised of one subordinate voting share in the authorized share structure of the Company and one Share purchase warrant . Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $0.90 per Warrant Share for 36 months from the date of issuance. The Company is pleased to report that pursuant to the Offering, when combined with the brokered offering of Units via pros...

VANCOUVER, BC, May 8, 2024 /CNW/ - The following issues have been halted by CIRO Company: Sierra Madre Gold and Silver Ltd. TSX-Venture Symbol: SM All Issues: Yes Reason: Cease: Pending News Halt Time : 3:29 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO ...

Excellon Resources CEO Shawn Howarth joined Steve Darling from Proactive to discuss the latest drilling outcomes from the exploration program at the Kilgore Project in Idaho, which is entirely owned by Excellon. The exploration comprised six diamond drill holes, spanning a total of 2,145 meters, with oriented cores and detailed sampling aimed at enhancing the structural understanding and potential of high-grade mineralization.
Howarth reported that the drilling has successfully confirmed mineralization in a previously under drilled area of Kilgore, with grade intervals consistent with the current Mineral Resource Estimate cut-off. This suggests a potential extension of the mineralization southwest of the known deposit. Notable results included a yield of 1.37 grams per tonne o...

Lahontan Gold Corp. announces that it has granted an aggregate of 9,100,000 options to purchase common shares of the Company exercisable at a price of $0.08 per common share for a period of five years to directors, officers and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant. On behalf of the Board of Directors Kimberly Ann Founder, CEO, President, and Director Lahontan Gold Corp. Kimberly Ann Founder, Chief Executive Officer, President, Director Phone: 1-530-414-4400 Email: Kimberly.ann@lahontangoldcorp.com Website: www.lahontangoldcorp.com Cautionary Note Regarding Forward-Looking Statements: Neither TSX Venture Exchange nor its Regulation Services Provi...

Electric Royalties CEO Brendan Yurik joined Steve Darling from Proactive to share details the company has announced the successful closure of the company's previously disclosed transaction to acquire a comprehensive portfolio comprising 18 royalty agreements and 32 lithium properties situated in Ontario.
Yurik elaborated on the portfolio's composition, highlighting its inclusion of 18 royalties and 32 lithium properties. Notably, 31 of the 32 properties are presently under exploration by third parties pursuant to option agreements. Subject to the fulfillment of option payments over the next two and a half years and the exercise of options, each property would transition into royalty interests for Electric Royalties. The company would retain ownership of any prop...

Condor Resources CEO Chris Buncic joined Steve Darling from Proactive to announce the reappointment of Dr. Quinton Hennigh to the company's board of directors. Dr. Hennigh, who has previously served on the board in 2021, brings over 30 years of experience as a globally renowned exploration geologist specializing in precious metals.
Buncic highlighted Dr. Hennigh's extensive background, which began after earning his PhD in Geology/Geochemistry from the Colorado School of Mines. His career includes significant roles at major gold mining firms such as Homestake Mining , Newcrest Mining, and Newmont Corp. Dr. Hennigh is also the founder of Novo Resources Corp., where he currently serves as co-Chairman, and is the CEO of San Cristobal Mining, a private silver mining ...

First Phosphate Corp. CEO John Passalacqua joined Steve Darling from Proactive to announce that the company has signed a partially binding letter of intent with Rapid Building Systems of Australia. This agreement marks the initial steps toward establishing a Rapidwall Manufacturing Plant in the Saguenay-Lac-St-Jean Region of Quebec. Once the terms are finalized, First Phosphate will obtain exclusive sales and marketing rights in Canada for RBS's Rapidwall and Rapidseal products.
Passalacqua highlighted the strategic benefits of the Rapidwall Manufacturing System, explaining that it will enable First Phosphate to convert clean phosphogypsum, a byproduct from their upcoming purified phosphoric acid plant, into building panels. These panels are intend...