Ecora Resources PLC issues the following trading update for the period 1 January to 31 March 2024. Ecora is the leading royalty company focused on supporting the supply of industrial commodities essential to creating a sustainable future. The Group has a portfolio which combines near term volume growth in 2024 and 2025 from its producing royalty portfolio with a pipeline of development projects that are expected to drive material medium term revenue growth. Marc Bishop Lafleche, Chief Executive Officer of Ecora, commented: "The portfolio performed in line with expectation, production at Kestrel returned to our private royalty area driving a 117% increase in portfolio contribution compared to Q4 23 . Mining at Kestrel is expected to remain within the bounds of our royalty area...

Majestic Gold would like to provide further information to its recently announced six-month agreement commencing April 18, 2024, between the Company and Stockhouse, a Vancouver-based marketing and media platform company. Pursuant to the agreement, Stockhouse will be paid $3,000 per month, with an initial payment of $9,000 being applied to the first and last two months of the agreement. Stockhouse will execute standard and tailored advertising and marketing campaigns to engage targeted investor audiences in building investor awareness of the Company as well as increasing exposure of its flagship Songjiagou Gold Mine Project. Stockhouse is an arm's length party to the Company and, to the Company's knowledge, does not currently own securities of the Company. The Company's w...

Mirasol Resources Ltd. is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement. The Company issued 3,887,552 Units at a price of $0.60 per Unit for aggregate gross proceeds of $2,332,531.20. . Each Unit is comprised of one common share and one-half of one non-transferable common share purchase warrant , with each whole Warrant entitling the holder to purchase one additional common share at a price of $0.80 for a period of twelve months from closing of the Offering. Proceeds of the Offering will be used to advance exploration, including drilling, at the Company's flagship assets in Chile and Argentina and for general corporate purposes. The securities issued under the Offering are subject to a four-month hold period. Th...

Alkane Resources Ltd. managing director Nic Earner tells Proactive's Stephen Gunnion the company has reached another milestone at its Tomingley Gold Operations in Central West New South Wales with the transition from ore development to production stoping at the Roswell deposit.
Earner detailed the completion of the exploration drive at Roswell, which had received full approval last year. He highlighted the ongoing vertical development and the commencement of stoping operations, marking a ramp-up phase. The site is set to produce a 23-24,000 tonne stope, followed by a larger phase nearly double in size.
This development supports a planned increase in mining activity to approximately 1.1-1.2 million tonnes per annum by next year. Additionally, Earner noted the construction of a ...

MARCH 2024 QUARTER REPORT Perseus Mining Delivers Another Impressive Quarter PERTH, Western Australia/ April 24, 2024/Perseus Mining Ltd. reports on its activities for the three months' period ended March 31, 2024 . Key operating indicators and highlights for the March 2024 quarter include: PERFORMANCE INDICATOR UNIT SEPTEMBER 2023 QUARTER DECEMBER 2023 QUARTER MARCH 2024 QUARTER FINANCIAL YEAR 2024 TO DATE Gold recovered Ounces 132,804 128,773 127,471 389,048 Gold poured Ounces 132,717 128,339 128,356 389,412 Production Cost US$/ounce 805 862 923 862 All-In Site Cost US$/ounce 937 1,023 1,091 1,016 Gold sales Ounces 115,954 135,137 115,648 366,739 Average sales price US$/ounce 1,936 1,963 2,025 1,974 Notional Cashflow US$ million 132 122 119 373 Gold production of 127,471 ou...

Quarterly production of 3.3M wmt, sales of 3.0M dmt and cash cost of approximately $77/dmt1 Solidifying operations at Bloom Lake following a strategy to identify bottlenecks and required investments to expand nameplate capacity beyond 15 Mtpa Ratified a new 5-year collective bargaining agreement with Bloom Lake's unionized employees MONTRÉAL, April 23, 2024 /CNW/ - - Champion Iron Ltd. reports production results and mining operation expenditures for its financial fourth quarter ended March 31, 2024. Detailed operational and audited financial results are to be released prior to the Company's conference call and webcast scheduled for May 31, 2024. Champion's CEO, Mr. David Cataford, said, "The new collective bargaining agreement signed during the quarter is mutually beneficial ...

Sherritt International Corp. today issued the following statement in response to misleading information announced by SC2 Inc. on April 22, 2024 in connection with its mini-tender offer to purchase up to 21,621,621 common shares or approximately 5% of the issued and outstanding shares of Sherritt at a price of $0.37 per common share , announced on April 8, 2024 and amended on April 11, 2024. SC2 was incorporated on April 8, 2024 and is affiliated with Seablinc Canada Inc. , a significant supplier to Sherritt's Moa Joint Venture in Cuba. Sherritt cautions shareholders on information contained in announcements made by SC2, a company which has not transparently disclosed adequate information about its relationship with Seablinc or about Seablinc's commercial relationship with Sher...

Inspiration Energy Corp. is pleased to announce that it has further expanded its presence in the Athabasca Basin by entering into Option Agreements to acquire a 70% undivided interest in two Uranium properties from Atha Energy Corp. for a map of Inspiration's current land holdings in the Athabasca Basin. Map of Inspiration Energy's current land holdings in the Athabasca Basin. The Plateau Property, located in the southeast Athabasca Basin, consists of 9 mineral dispositions totalling 27,252ha . The Athabasca Basin unconformity-contact crosscuts the southern mineral dispositions of the property, and the sandstone extends northwards to a maximum ...

Cosigo Resources reports that the Company at its Taraira North property has completed converting its onsite field-portable "Hornet" 45 HP drill from a Reverse Circulation system to a thin wall "btw" drill rod core system. This method recovers 48 mm size diameter core enhancing sample size. Senior Geological Professor Ricardo Tobon and Cosigo's drill team initiated the hydraulic and water pressure systems in a challenging -50-degree hole oriented perpendicular to the strata. Our first drill hole reached 57 feet at which depth sanding "choked" the drill system and the drill was reset to a steeper -70 degrees achieving 80 feet depth. The "Hornet" drill has a small footprint, can be moved readil...

Contact Gold is pleased to announce that its securityholders overwhelmingly approved the special resolution authorizing the previously announced business combination with Orla Mining at a special meeting of its securityholders held earlier today. Pursuant to the Transaction, Orla will acquire all of the issued and outstanding common shares of Contact Gold by way of a statutory plan of arrangement under the Business Corporations Act . Each Contact Gold shareholder will receive 0.0063 of a common share of Orla for each Share held. The special resolution approving the Transaction was approved by 99.97% of the votes cast by Contact Gold's shareholders present in person or represented by proxy and entitled to vote at the Meeting, 99.97% of the votes cast ...

Desert Gold Ventures Inc. announces that, subject to exchange approval and the right to increase the offering, it will conduct a non-brokered private placement of up to 13,000,000 units at a price of CAD $0.07 per unit to raise up to CAD $910,000 . Lead orders from this round of funding combined with its recently closed financing have secured a total of CAD $2,029,520 in aggregate proceeds for the Company in the last 30 days. Each Unit will consist of one common share in the equity of the Company and a share purchase warrant . Each Warrant entitles the holder to purchase one additional common share of the Company at a price of CAD $0.08 per common share for a period of three years from the closing of the Financing. The Company may pay a finder's fee to qualified individuals i...

First Quantum Minerals Ltd. today reports results for the three months ended March 31, 2024 of a net loss attributable to shareholders of the Company of $159 million and an adjusted loss1 of $154 million . "The successful completion of a comprehensive refinancing package during the first quarter of this year has strengthened the Company's balance sheet significantly and it has unlocked the time and financial headroom needed to secure the successful delivery of the Kansanshi S3 Expansion. The Company's outlook reflects First Quantum's enduring commitment to the success of our Zambian operations. We recognize the challenges Zambia faces from the drought this year, particularly in regard to food security, even as we are pleased to be finalizing agreements to ensure adequate power...

Great Quest Fertilizer announces that it has entered into loan agreements with each of Jed Richardson, CEO of the Company, Albert Yuen, Director of the Company, David Shaw, Director of the Company, John Clarke, Director of the Company and Aidan Sullivan, a VP of the Company, for an aggregate amount of CAD$490,000. The Loans are unsecured, accrue interest at 20% and mature 18 months from the date of the promissory note evidencing the Loan. The Company will use the proceeds of the Loans for working capital purposes and to facilitate the closing of Great Quest's acquisition of Belmont Mineral Exploration Ltd . Each of Messrs Richardson, Yuen, Shaw and Clarke are a "related party" to Great Quest and the Company has relied on certain exemptions from the minority approval and ...