Aura Minerals Inc. [ORA-TSX; ORAAF-OTC] poured the first gold at the 100%-owned Almas mine, Brazil, on August 10, 2023. Since the commencement of production on April 23, approximately 152,000 tons of ore have been processed, 46,000 tons in June and 106,000 tons in July, from the Paiol pit, nearing the nominal capacity of 114,000 tons … Read more
Lucara Diamond Corp. [LUC-TSX, LUCRF-OTC] has announced the recovery of a 1,080-carat diamond from its 100%-owned Karowe mine in Botswana. The company said the diamond, measuring 82.2 x 42.8 x 34.2 mm is described as a Type 11a top white gem of high quality. It was recovered from the Coarse XRT unit at Karowe from … Read more
Aston Bay Holdings Ltd. (BAY-TSXV) shares rallied in were active trading Friday, after company announced what it described as a “major copper discovery’’ at the Storm project in Nunavut. The announcement comes over two years after private Australian company American West Metals Ltd. gained an option from Aston Bay to earn an 80% interest in … Read more
Orla Mining Ltd. [OLA-TSX] announced second quarter 2023 financial results that were in line with street forecasts and said unit costs are trending lower at its Camino Rojo gold mine in Zacatecas, Mexico The company said unit costs are trending lower as fewer waste tonnes were mined due to limited pit access related to permitting … Read more
Defense Metals Corp. [DEFN-TSXV; DFMTF-OTCQB; 35D-FSE] has engaged Hatch Ltd. and SRK Consulting (Canada) Inc. as principal consultants for the completion of a preliminary feasibility study (PFS) regarding its 100%-owned Wicheeda rare earth element (REE) project located near Prince George, Canada. SRK is one of four key consultants chosen by Defense Metals to facilitate the … Read more
Albemarle Corp. [ALB-NYSE], the U.S. specialty chemicals giant, is making a $109 million strategic investment in Patriot Battery Metals Inc. [PMET-CSE, PMETF-OTCQB, R9GA-FSE]. Under an agreement, Albemarle will subscribe for 7.12 million common shares of Patriot Battery Metals at $15.29 a share, a move that will leave the U.S. company with a 4.9% stake in … Read more
‘That’s a Wrap’ By Rod Blake As the brokers, investors, portfolio managers and traders surveyed the North American markets going into the last week of July, it was hard not to be optimistic as the TSX Composite was near a 3-month high while the U.S. Dow, S&P 500 and NASDAQ indexes were at 18-month highs. … Read more
Eldorado Gold Corp. [ELD-TSX; EGO-NYSE] is on track to meet its annual production forecasts after reporting a second quarter adjusted profit of $16.1 million or $0.09, which was in line with consensus estimates. Second quarter earnings before interest, tax, depreciation and amortization (EBITDA) of $107 million was slightly above forecasts set by Scotiabank analysts. Based … Read more
Centamin PLC [CEE-TSX; CEY-LON] on Wednesday announced its interim results for the first half of 2023, and said it is on track to meet its production targets for the year. The company said it produced 200,561 ounces of gold from its Sukari mine in Egypt in the first six months of 2023, putting it in … Read more
Li-FT Power Ltd. [LIFT-CSE; LIFFF-OTC; WS0-FSE] melaporkan pemeriksaan pendahuluan dari lima latihan pertama pegmatite Fi Southwest yang diselesaikan dalam Proyek Lithium Yellowknife (YLP) yang berlokasi di luar Yellowknife, Wilayah Barat Laut. Hasil pengeboran mengkonfirmasi mineralisasi spodomen lebih dari 320 meter dari panjang strike, hingga kedalaman sekitar 150 meter dari permukaan di Bendungan Fi Southwest yang … Read more