Leveraging exploration experience on a new project with similarities to Storm Copper and deposits of the Central African Copper Belt Aston Bay Holdings Ltd. is pleased to announce that on February 29, 2024, it entered into a binding letter agreement with Emerald Geological Services pursuant to which it has been granted an option to acquire an undivided 80% beneficial interest in a property owned by EGS in Nunavut, Canada . Highlights $3 million total expenditure over four years to acquire an 80% interest with no yearly minimums Over 74-kilometre long trend of sediment hosted style stratiform copper , silver , zinc and cobalt mineralization Chalcocite boulders at surface yield up to 61.2% Cu with 5600 grams per tonne Ag in select grab samples Several polymetallic trends alread...

Fury Gold Mines is pleased to announce the completion of the previously announced agreement whereby Fury has purchased Newmont Corporation's 49.978% interest in the Éléonore South gold project, along with Newmont's 30,392,372 shares of Sirios Resources. The Sirios shares have been acquired for investment purposes and Fury will evaluate its investment in Sirios on an ongoing basis with respect to any possible additional purchases or dispositions. The Sirios shares represent 10.9% of its issued shares and Fury will file an Early Warning Report at www.sedarplus.com in respect of the acquisition." "The consolidation of our interest at Éléonore South is an exciting next step for Fury since the project represents significant potential for new disc...

Grid Metals Corp. is pleased to announce a corporate update of its activities and that it is participating in the upcoming Prospectors & Developers Association of Canada's Convention at the Metro Toronto Convention Centre from Sunday, March 3 to Wednesday, March 6, 2024. Drilling Update The Company commenced drill programs in January 2024 at both its Donner Lake Lithium Project and its Falcon West Lithium Project. To date the company has drilled 20 holes at Donner Lake designed to upgrade inferred resources to indicated category at the Northwest Dyke; and extend the Main Dyke below the current resource shell. At Falcon West, the Company is targeting the extension of known mineralized zones and the initial definition of mineralization along strike and at depth at the two known ...

Metallurgical test work confirms DRI grade iron concentrate with combined Silica and Alumina below 2.5% Cerrado Gold Inc. is pleased to announce positive metallurgical test results confirming the ability to produce High Purity, DRI Grade iron concentrates at its Mont Sorcier magnetite iron ore project located near Chibougamau, Quebec held through its 100% owned subsidiary, Voyager Metals Inc. The metallurgical tests were the initial phase in determining the final flow sheet design for the feasibility study at Mont Sorcier targeted for later this year. The design and analysis of the metallurgical test work program was conducted by Soutex Inc., a consultancy firm specializing in ore processing and metallurgical processes based in Quebec City, Quebec, with test wor...

Cerro Grande Mining Corp. reported its unaudited results for the first fiscal quarter ended December 31, 2023 compared to the same quarter in 2022. These financial statements and MD&A have been filed on SEDAR and the Company refers the reader to those materials for additional information. Cerro Grande Mining Corp. is an exploration and development company with properties and activities currently focused in Chile. Cautionary Statement on Forward-looking Information: This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of CEG. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "...

Compañia de Minas Buenaventura S.A.A. , Peru's largest publicly-traded precious metals mining company, today announced results for the fourth quarter and full year ended December 31, 2023. All figures have been prepared in accordance with IFRS on a non-GAAP basis and are stated in U.S. dollars . Fourth Quarter and Full Year 2023 Highlights: 4Q23 EBITDA from direct operations was US$ 116.4 million, compared to US$ 76.9 million reported in 4Q22. FY23 EBITDA from direct operations reached US$ 238.3 million, compared to US$ 173.1 million reported in FY22. 4Q23 net loss from continuing operations reached US$ 3.0 million, compared to a US$ 56.7 million net income for the same period in 2022. FY23 net income from continuing operations was US$ 39.5 million, compared to US$ 124.4 million net income...

MONTRÉAL, Feb. 29, 2024 /CNW/ - - Champion Iron Ltd. is pleased to announce that its unionized employees, represented by the Syndicat des Métallos , who comprise approximately 63% of the workforce at the Company's Bloom Lake mine , have ratified a new 5-year collective bargaining agreement with the Company on February 29, 2024 . Champion's CEO, Mr. David Cataford said "The CBA, which provides additional stability for our workforce, the community and our Company, ensures we maintain a strong and mutually beneficial partnership with our employees. The CBA balances the need to remain competitive by attracting the best talent while also ensuring our Company can navigate uncertain economic environments. This significant milestone enables our Company to continue to positively impac...

Casa Minerals Inc. , announces that, further to its news release dated February 9, 2024, the board of directors of the Company has approved a warrant incentive program . Under the Warrant Incentive Program, the Company will offer holders of 16,400,000 share purchase warrants issued on May 20, 2021 , 3,600,00 share purchase warrants issued on June 24, 2021 and 1,014,200 share purchase warrants issued on July 8, 2021 the opportunity to exercise of their Outstanding Warrants between 12:00 a.m. Vancouver time on March 11, 2024 to 12:00 p.m. Vancouver time on April 10, 2024. In return for the early exercise of an Outstanding Warrant, the holder will receive one common share in the capital of the Company , as per the original warrant terms, plus as an incentive, one common share wa...

McEwen Mining Inc. today reported its fourth quarter and full year 2023 financial and operational results. Net income for the year was $54.7 million or $1.15 per share versus a 2022 net loss of $81.1 million or $1.71 per share! Gold production at the Fox Complex and Gold Bar mine came in just above the low end of guidance and San José just below guidance. However, cash costs and AISC per ounce remain 12-18% higher than guided and need more attention. Growth Plans for 2024 "Our biggest single asset with the greatest near-term potential to increase our share value is our 48% owned subsidiary McEwen Copper. Its 2nd and 3rd largest shareholders are global giants, Rio Tinto and Stellantis, the world's 2nd largest mining company and the world's 4th largest automaker, owning 14.5% a...

Commerce Resources Corp. is pleased to announce the appointment of Patrik Schmidt as its new Vice President of Exploration effective March 1, 2024. Jody Dahrouge will be stepping down as Vice President of Exploration; however, will remain as a Director of the Company. Mr. Dahrouge continues to play a critical and active role with the Company as Director. Patrik Schmidt, Principal at Dahrouge Geological Consulting Ltd., is a Professional Geologist and a member of the Ordre des géologues du Québec , and the Professional Geoscientists of Ontario . With over 10 years' experience, Mr. Schmidt has worked as Project Manager on multiple projects and commodities covering various deposit types, with a particular focus on rare earth elements , rare metals , and carbonatite complexes. Ove...

Denison Mines Corp. filed its Audited Consolidated Financial Statements and Management's Discussion & Analysis for the year ended December 31, 2023. Both documents are or will be available on the Company's website, SEDAR+ and EDGAR. The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF version The Company reported earnings per share from continuing operations of $0.11 for the year ended December 31, 2023, representing a 450% increase from the 2022 EPS of $0.02, driven by the recognition of a significantly larger gain on the Company's physical uranium holdings offset by operating expenses primarily related to t...

Horizonte Minerals Plc announces that as part of the interim funding package as announced on 27th December 2023, pursuant to which the existing senior lenders had agreed to waivers including the deferral of interest originally due at 31st December 2023 to the end of February 2024, such senior lenders have now agreed to extend the waivers until the 29th March 2024. The Company will continue to work closely with its major shareholders and senior lenders on a full funding solution, targeted for the end of Q2 2024. While a strong focus remains on controlling costs during this period, as announced on 19th February 2024, the Company expects that it will require an additional interim funding to implement such full funding solution. As at 27 February 2024, the Company had a cash bala...

Talisker Resources Ltd. is pleased to announce additional high-grade drill results highlighted by 24.41 g/t Au over 1.50 metres within a broader interval of 7.33 g/t over 5.70 metres at its 100% owned flagship Bralorne Gold Project. Key Points: Talisker initiated resource conversion drilling on October 17, 2023 with 15,000 metres of planned drilling. Hole SB-2023-030A intersected 24.41 g/t Au over 1.50 metres within a broader interval of 7.33 g/t Au over 5.70 metres on the BK-9870 Vein. Hole SB-2023-030A also intersected 10.40 g/t Au over 0.80 metres within a broader interval of 5.51 g/t Au over 3.00 metres on the Alhambra Vein. Hole SB-2023-026 intersected 18.93 g/t Au over 1.00 metres within a broader interval of 6.49 g/t over 4.95 metres on the BK-9870 Vein. The resource c...