“We achieved a number of operational and financial records in the third quarter. Production increased to a record 152,000 ounces reflecting the addition of Magino and continued strong performances from Island Gold and Mulatos.”
“With these acquisitions, we now control over 95% of this high-grade gold district,” stated Darrell Rader, President & CEO of Minaurum Gold. “We are excited by the robust gold grades returned by shallow historical drilling that averaged depths of less than 100 m with the deepest reaching a vertical depth of only 135 m. We believe these highly exposed gold veins have the potential to coalesce into a single substantial gold system at depth.”
Fuerte Metals joins the London 121 Mining Conference, aimed at attracting investment and discussing its project advancements with stakeholders.
Chesapeake granted options at C$1.80, vesting at 25% annually starting in 2025, tied to its vast Metates Project in Durango.
Heliostar Metals Ltd. is pleased to announce the closing of two previously-announced debt facilities with Ocean Partners USA, Inc. and Deans Knight Capital Management Ltd. for aggregate gross proceeds of US$10 million to support its acquisition of assets from Florida Canyon Gold Inc.
“Pan American generated record financial results in Q3 2024, including record free cash flow of $151.5 million, reflecting improved operating margins from the increase in production and silver and gold prices over Q2 2024,” said Michael Steinmann, President and Chief Executive Officer.
Ternium S.A. (NYSE: TX) reported its third-quarter and nine-month financial results for 2024, noting strong steel shipments, especially in Mexico, and increasing shipments in Brazil and Argentina. However, Adjusted EBITDA for Q3 was $368 million, reflecting lower margins amid falling steel prices. Net cash decreased to $1.7 billion due to capital expenditures of $446 million, including investments in Mexican expansion and an Argentine wind farm.
Chesapeake Gold Corp. announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 65,000 common shares of the Company at an exercise price of C$1.80 per share for a five-year term expiring November 5, 2029.
Torex Gold’s Media Luna Project is 87% complete, with the plant tie-in rescheduled to February 2025, allowing for first copper concentrate in Q1. This shift boosts 2024 gold production guidance to 450,000–470,000 ounces, leveraging an extra four weeks of production.
“We are very excited that Rob Krcmarov will be Hecla’s new CEO and join the Board,” said Ms. Boggs. “The Board conducted a rigorous selection process to ensure that our new CEO has the right experience, vision, and leadership to guide Hecla forward, and that is Rob.”
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