DFR Gold Inc. announces that it has entered into an agreement with Mr. Brian Kiernan pursuant to which Mr. Kiernan has agreed to provide a US$500,000 loan to the Company . The Company intends to use the Loan for general working capital purposes. The Loan carries an eight percent annual interest rate and, together with the interest, is repayable in full on January 31, 2025 . DFR shall prepay the Loan upon receipt of the proceeds of any debt, equity, or other financing in excess of US$2,000,000 that occurs prior to the Final Repayment Date. Brian Kiernan holds 36.5% of DFR's outstanding shares and is a Director of the Company, and as such, the Loan constitutes a related party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in...

Eldorado Gold Corp. provides detailed 2024 production and cost guidance and four-year production outlook. All financial figures stated within this release are in U.S. dollars unless otherwise stated. 2024 Guidance Highlights Gold production of 505,000 to 555,000 ounces, representing a 9% increase from 2023 gold production . Total cash costs of $840 to $940 per ounce sold. All-in sustaining costs of $1,190 to $1,290 per ounce sold. Growth capital of $497 to $569 million, including $375 to $425 million towards the advancement of the Skouries project. Sustaining capital of $135 to $160 million. Exploration expenditures of $27 to $30 million, focused on resource conversion drilling at the Lamaque Complex and Efemcukuru, resource growth and discovery programs in Quebec, Turkiye and ...

Mountain Province Diamonds Inc. wishes to provide guidance for 2024, as well as details for its fourth quarter and full-year 2023 earnings release and conference call. All figures are expressed in Canadian dollars unless otherwise noted. 2024 Guidance The Company wishes to provide operating and cost guidance for 2024, as follows: 36 - 39 million total tonnes mined 4.1 - 4.6 million ore tonnes mined 3.4 - 3.6 million ore tonnes treated 4.2 - 4.7 million carats recovered Production costs of $124 - $136 per tonne treated Production costs of $96 - $107 per carat recovered Sustaining Capital Expenditure of $11 million As part of the Company's year-end 2022 news release disseminated on March 22, 2023 , a 2024 production outlook was provided. The production outlook provide...

Eldorado Gold Corp., today reports the Company's financial and operational results for the fourth quarter and year ended December 31, 2023. For further information please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR+ at www.sedarplus.com under the Company's profile. Q4 2023 and Full-Year Summary Operations Gold production: 143,166 ounces in Q4 2023 reflecting continued improvements across the portfolio. Full year production of 485,139 ounces in 2023 was at the midpoint of the tightened guidance range and an increase of 7% from 2022 production of 453,916 ounces, driven by operational upgrades at Kisladag and increased productivity at Olympias. Gold sales: 144,827 ounces in Q4 2023 at an average realized gold price pe...

and HOUSTON, Feb. 22, 2024 /CNW/ - International Battery Metals Ltd. , is pleased to announce that it has received a binding commitment from EV Metals VI LLC, a private company controlled by Jacob Warnock to provide immediate private placement financing of US$2 million to be used by the Company to fund its current obligations for the deployment of its modular direct lithium extraction plant in the western United States as previously announced on January 11, 2024. The Company is also pleased to announce that it has appointed Jacob Warnock to the Company's board of directors, effective today. Pursuant to a binding term sheet entered by the Company and EV Metals on February 20, 2024, EV Metals has agreed to an initial closing of not less than US$2,000,000 for units of the Compan...

Perseus Mining Ltd. has reported material improvements across all key financial metrics including revenue, EBITDA, profit after tax, operating cash flow and net cash position in its Interim Financial Report for the six months ending Dec 31, 2023. HIGHLIGHTS Revenue increased to US$489.0 million, up 10% on previous corresponding period EBITDA up 18% to US$280.5M on pcp Profit after Tax increased to US$164.7M, up 21% on pcp Operating cash flow increased to US$211.2M, up 2% on pcp Total assets of US$1.8 billion; Net Tangible Assets of US$1.3B or 94 US cents per share Net cash and bullion of US$642M, zero debt w...

Coeur Mining Inc.'s President and Chief Executive Officer, Mitchell J. Krebs, will present at the BMO Capital Markets Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida on Tuesday, February 27, 2024 at 7:30 a.m. Central Time . The BMO Global Metals, Mining & Critical Minerals Conference is an invitation-only investment conference. Presentation materials will be made available on the Company's website at www.coeur.com. The webcast of the presentation will be made available through the following link: https://app.webinar.net/ONrxqaJn7Ge. About Coeur Coeur Mining Inc. is a U.S.-based, well-diversified, growing precious metals producer with four wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine i...

Piedmont Lithium Inc. , a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced fourth quarter and full year financial results for 2023. "2023 was a pivotal year for Piedmont as our Quebec joint-venture, North American Lithium , successfully commenced operations last March, leading to the first revenue in Q3 via shipments made under our NAL offtake agreement. As the largest lithium operation in North America, NAL has been successfully ramping up production over the past 10 months, with production hitting record levels in December. We are completing a few remaining capital projects in the first half of 2024 that we expect will result in further improvements in production and operating costs as NAL looks to achieve full...

First Majestic Silver Corp. is pleased to announce the consolidated financial results of the Company for the fourth quarter and year ended December 31, 2023. The full version of the audited annual financial statements and the management's discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise. 2023 HIGHLIGHTS Production of 26.9 million silver equivalent ounces, consisting of 10.3 million silver ounces and 198,921 gold ounces. Annual revenues of $573.8 million, compared to $624.2 million in 2022. Strong operating cash flows before working capital and taxes of $99.2 million, compared to $109.4 million in 2022. Consolidated cash co...

Adventus Mining Corp. and Salazar Resources Ltd. are pleased to inform that the Ministry of Energy and Mines of Ecuador has issued a reform to the existing instructive including regulations and conditions for the transition of medium-scale mining projects from the exploration to production phases . This announcement provides clarity to the national regulatory framework and supports the advancement and development of medium-scale mining projects like the El Domo - Curipamba copper-gold project located in central Ecuador . Transition to Production Phase Rules The Instructive outlines the regulations and conditions under which the Government of Ecuador will provide authorization for medium-scale mining projects to transition from the exploration to the production ph...

KAPA Gold Inc. is pleased to announce that it intends to amend the exercise price of an aggregate of 5,622,600 common share purchase warrants from C$0.40 to C$0.20 and extend the expiry date of the May 2022 Warrants to May 19, 2026 . The May 2022 Warrants were issued on May 19, 2022 and currently expire on May 19, 2024. In connection with the Amendments, the terms of the May 2022 Warrants will be amended to include an accelerated expiry clause such that the exercise period of the May 2022 Warrants will be reduced to 30 days if, for any ten consecutive trading days during the unexpired term of the May 2022 Warrants, the closing price of the common shares of the Company exceeds the new exercise price of the May 2022 Warrants by 25% or more. The 30-day expiry period will commenc...

Candelaria Mining Corp. announces, effective February 22, 2024, Mr. Hector Felex Gonzalez Ramirez has resigned from the position of Interim Chief Financial Officer and will remain as the Company's Chief Executive Officer. He will be replaced by Mr. Omar Garcia Abrego. Mr. Omar Garcia Abrego is a bilingual Chartered Professional Accountant with over 20 years of progressive international experience, primarily in the mining industry. He also possesses significant expertise in accounting, financial reporting, and regulatory filing compliance for public companies, along with extensive experience in business acquisition transactions. Mr. Garcia Abrego has held multiple executive and senior positions in various Canadian public companies. He holds a Bachelor of Public Accounting degr...

TDG Gold Corp. is pleased to announce an offering to raise up to $2,000,000 by way of a non-brokered private placement . The Offering will consist of a combination of charity flow-through units of the Company at a price of $0.20 per Charity FT Unit, flow-through units of the Company at a price of $0.16 per FT Unit, and non-flow-through units of the Company at a price of $0.14 per NFT Unit, for aggregate gross proceeds of up to $2,000,000. The Offering: Each Charity FT Unit and each FT Unit will consist of one flow-through common share of the Company and one-half of one non-flow-through common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share of the Company for an exercise price of $0.20 per share for a period of 3 years following c...