O3 Mining announced the resignation of Murray John as a Director of O3 Mining to pursue other endeavours. Mr. John has been the Lead Director of O3 Mining since its formation in 2019. In his resignation, Mr. John expressed his great pleasure of serving as a Director of O3 Mining and wished O3 Mining and its management team every success in the future. During his time with the Corporation, Mr. John has served as the Lead Director of the Board, as Chair of the Governance Committee, as a member of the Audit Committee and as a member of the Sustainable Development Committee. "On behalf of the members of the Board, the management team and the staff of O3 Mining, I would like to thank Murray for his valued contributions and commitment ...

Announces Successful Completion of New Cascabel Pre-Feasibility Study with Significantly Reduced Initial Capital Cost and 24% Internal Rate of Return $5.4bn pre-tax Net Present Value and 33% internal rate of return $3.2bn after-tax NPV8%, 24% IRR and 4-year payback period from the start of processing[1] Average production[2] of 123ktpa of copper, 277kozpa of gold and 794kozpa of silver - 182ktpa copper equivalent [3] - with peak[4] copper production of 216ktpa Pre-production capital of $1.55bn for the initial mine development, first process plant module and infrastructure 85% of Mineral Reserves are classified as Proven in updated Mineral Reserve Estimate Initial 28-year mine plan of 540Mt containing 3.2Mt Cu @ 0.60%, 9.4Moz Au @ 0.54 g/t and 28Moz Ag @ 1.62 g/t based on the updated Minera...

Hastings Technology Metals Ltd. is pleased to announce it has entered into a binding term sheet providing for an integrated tolling and offtake arrangement for rare earth concentrate with Baotou Sky Rock Rare Earth New Material Co., Ltd , supporting improved economics for Stage 1 of its 100%-owned Yangibana Rare Earths Project . Binding Term Sheet Details Since the announcement of the Staged Development Study in May 2023 to focus on the construction of the Yangibana Project's mine and beneficiation plant, Hastings has pursued various avenues to bring forward cash flows and to realise higher prices for its rare earth concentrate. Through this process, Hastings has leveraged its relationship with Baotou Sky Rock and its network in the rare earth industry to negotiate the Term S...

believes this listing is an important step for the Company and provides transparent trading for current and future U.S. investors Provides improved accessibility and liquidity for a broad range of private and ?institutional U.S. investors Initiates private placement offering of units for gross proceeds of up to $2,025,000 Quimbaya Gold Inc. to announce the Company's common shares have been accepted and qualified to trade on the OTCQB Venture Market in the United States operated by the OTC Markets Group Inc. Quimbaya Gold Inc. Trades on the OTCQB Market in the United States and Initiates Private Placement "Quimbaya has been fortunate to enjoy initial strong support from investors in Canada and internationally," said Alexandre P. Boivin, CEO of Quimbaya. "This tim...

TORONTO, ON / ACCESSWIRE / February 16 , 2024 / Velox Energy Materials Inc. advises that it's Corporate Secretary, Sarah Wilson, has resigned effective from 16 February 2024. The Company is pleased to announce the appointment of Ms Silfia Morton and Ms Karien Slabbert as the new Joint Corporate Secretaries of Velox Energy Materials Inc. Ms Wilson is thanked for her contribution to the Company during her time as Corporate Secretary. Ms Silfia Morton is a Chartered Accountant with a Master's degree in commerce, specializing in financial management, financial reporting and risk compliance and management. Ms Morton has served as Chief Financial Officer and Company Secretary for a number of ASX listed and unlisted public companies and has previously spent twelve year...

Lode Gold Minerals announces that it has been granted an extension by the TSX Venture Exchange to complete its non-brokered financing for gross proceeds of up to $1.5 million at the terms set out in the news release of Jan 3, 2024. The extended date for final acceptance of the offering is March 5, 2024. It is anticipated that all members of the Board of Directors will be participating in the financing. The offering remains subject to final approval of the TSXV.

Agnico Eagle Mines Ltd. is pleased to provide an update on year-end 2023 mineral reserves and mineral resources, exploration activities at mine sites and select advanced projects in 2023 and the exploration plan and budget for 2024. The Company's exploration focus remains on extending mine life at existing operations, testing near-mine opportunities and advancing key value driver projects. "The Company's ambitious exploration program in 2023 and continuing into 2024 is yielding exciting results. At Detour Lake, step-out drilling suggests potential for an underground operation and, together with optimization of the current open pits and mill, bringing the Detour Lake mine to a production rate of one million ounces per year. At Odyssey, step-out drilling continue...

Fortuna Silver Mines Inc. provides its updated Mineral Reserve and Mineral Resource estimates as of December 31, 2023 for its five operating mines in West Africa and the Americas, and the Arizaro Project located at the Lindero Mine in Salta, Argentina. All references to dollar amounts in this news release are expressed in US dollars. Highlights of Mineral Reserve and Mineral Resource Update Consolidated Proven and Probable Mineral Reserves are reported containing 3.1 Moz Au Eq1 representing a year-over-year decrease of 11 percent. Consolidated Measured and Indicated Resources exclusive of Mineral Reserves are reported containing 1.1 Moz Au Eq1 representing a year-over-year decrease of 19 percent. Consolidated Inferred Mineral Resources are reported containing 1.7 Moz Au Eq1 re...

Sandstorm Gold Ltd. has released its financial results for the fourth quarter and year ended Dec 31, 2023. Full Year Highlights Record attributable gold equivalent ounces1 of 97,245 ounces; Record revenue of $179.6 million ; Record total sales, royalties, and income from other interests1 of $191.4 million; Record cash flows from operating activities, excluding changes in non-cash working capital1 of $151.1 million ; Net income of $42.7 million ; Average cash cost per attributable gold equivalent ounce1 of $223 resulting in cash operating margins1 of $1,706 per ounce ; Debt Reduction and Monetization Efforts: De-levering remains a top priority for Sandstorm. As of February 15, 2024, the Company had $421 million drawn and outstanding on the credit facility. To further e...

Hut 8 Corp. , one of North America's largest, most innovative digital asset mining pioneers and high performance computing infrastructure providers has completed its previously announced stalking horse bid transaction to acquire four natural gas power plants in Ontario, Canada, in partnership with Macquarie Equipment Finance Ltd. , a subsidiary of Macquarie Group Limited, a global financial services group. "We have developed a deep partnership with Macquarie throughout this process and are actively working with them on a plan to generate a return on our ownership interest in these assets in the near term," said Hut 8 CEO Asher Genoot. "We are evaluating a range of strategic options for these assets and look forward to sharing updates as they materialize." The joint venture entity formed by...

KO Gold is pleased to announce that it has entered into an arm's length exploration permit acquisition agreement dated February 15, 2024 with NewPeak Metals Ltd. and NewPeak NZ Ltd. and Neil Stuart pursuant to which the Company has acquired two exploration permits. The newly acquired exploration permits are Raggedy Range EP 60733 and Garibaldi EP 60677, which combined are approximately 92 km2 in size and located between Santana Minerals' advanced resource-stage Bendigo-Ophir Gold Project (Rise and Shine Shear Zone - RSSZ) and OceanaGold Corp's active Macraes gold mine (Hyde-Macraes Shear Zone - HMSZ) (Figure 1). Both exploration permits were granted for a 5-year term and are highly prospective fo

IAMGold Corp. reported its financial and operating results for the fourth quarter and year ended December 31, 2023. The Company also provided updated outlook and operating guidance for 2024. Preliminary operating results for the fourth quarter and year ended 2023 were disclosed on Jan. 22, 2024. "In 2023, IAMGOLD made significant strides towards its goal of becoming a leading mid-tier gold producer with a long life, cornerstone asset in Canada," said Renaud Adams, President and Chief Executive Officer of IAMGOLD. "Last year saw significant changes in leadership across the organization to allow for a reinforced focus on operations as IAMGOLD prioritizes operational excellence, positions Côté ...

IAMGold Corp. today announced that that Mr. Murray P. Suey, FCPA, FCA has been appointed to the Company's board of directors effective immediately. Mr. Suey has also been appointed as the Chair of the Audit and Finance Committee. "We are delighted to welcome Murray Suey to the board of directors of IAMGOLD," commented David Smith, Chair of the Board of IAMGOLD. "Throughout his distinguished career, Murray has demonstrated exceptional leadership, stewardship and strategic acumen, with extensive experience advising and working with international resource companies. His deep understanding of complex business environments and commitment to excellence make him an ideal candidate to contribute to the strat...