Commodity 2
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September 20, 2024
Commodity
September 19, 2024
After Tax NPV5% of US$111 Million at US$2,100/oz Au price After Tax NPV5% of US$153 Million at Spot prices 1 Average annual production targeted at approx. 56,000 Gold Equivalent Ounces ("GEO") 2 Life of Mine Average annual
QUITO, Ecuador, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc . (TSX: SLS; NYSE: SLSR) (“Solaris” or the “Company”) is pleased to report assay results from its ongoing 60,000m 2024 drilling program that aims to target open extensions of m
Highlights: First assays from Long Pocket infill drilling return strong uranium mineralisation at shallow depths. Significant intersections include: LP24RC004 – 10m @ 606ppm U 3 O 8 from 6m depth, including 2m @ 1,726ppm U 3 O 8 from
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M) ("Minaurum" or "the Company") is pleased to announce the results of the first 5 holes of the 2024 drill program to establish
August 29, 2024
August 29, 2024 (Australian Mining) - Black Cat Syndicate is working toward its December deadline for the refurbishment of the processing facility at its Paulsens gold mine in Western Australia. Most of the activities at the site have already been completed, including the installation of new tank baffles, the finalisation of upgrades to the camp, and the inspects of the registered plant. Activities currently underway include the laboratory fit out, pre-works at power station one, fine ore bin repairs, and gas line fabrication and installation. “The processing facility refurbishment activities continue to progress safely and efficiently with commissioning on target for December 2024, as planned,” Black Cat managing director Gareth Solly said . Underground activities commenced a
August 19, 2024
VANCOUVER, British Columbia, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) provides an update to the Guanacevi primary ball mill trunnion failure that was reported on August 12, 2024. Processing has resumed at the Guanacevi mine site. Temporary modifications have been completed within the plant to re-purpose one of the regrind mills as the primary ball mill which is currently milling at a rate of 400 tonnes per day (tpd). While the grinding circuit is being closely monitored, there is potential for the plant to operate near 500 tpd or close to half of its planned production capacity of 1,200 tpd during this temporary phase. During this time, mining operations will continue at a reduced rate without comprising safety o
August 15, 2024
August 15, 2024 (Australian Mining) - Yancoal subsidiary Stratford Coal has farewelled its final coal train, signalling a new era for the New South Wales operation. The Stratford Mining Complex is located 95km north of Newcastle in the Gloucester Basin, NSW. The operation commenced in June 1995, with the first coal train departing the site a month later. For almost 30 years, the operation has been in action; however, Stratford has now finished coal mining due to the exhaustion of commercial coal reserves. While mining has ended at the site, the Stratford team will continue working for the next four years to close operations, decommission and remove infrastructure, and rehabilitate the site to an approved final landform. Stratford’s closure plans include agriculture and native
August 12, 2024
VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) reports the trunnion on the primary ball mill at the Guanacevi mill has failed and could take up to 12 weeks to replace. As a result, processing of material at the Guanacevi mill has been suspended. Management is assessing several alternatives including operating at a significantly reduced capacity with minor conveyor modification using smaller regrind mills until the primary ball mill is operational. This downtime will impact Q3 production and is expected to impact annual production and cost guidance. Management is conducting an evaluation and analysis this week and will provide an update as soon as its assessment is complete. About Endeavour
August 5, 2024
August 5, 2024 (Source: Polymetals Resources Ltd) Updated mine plan;stronger financial metricswithproductionto commence H1 CY2025. Polymetals Resources Ltd (ASX: POL) (Polymetals or the Company) is pleased to announce the results of its optimised Mine Plan at its Endeavor Silver Lead and Zinc mine located north of Cobar, NSW. The Mine Plan follows the Mine Restart Study (MRS) released to the ASX on 16th October 2023. The Endeavor Mine Plan (EMP) demonstrates that the project will generate outstanding financial returns and create substantial value for Polymetals shareholders and the Cobar Region; with significant increases in Ore Reserves, Mine Production, Free Cashflow, Net Present Value (NPV) and Internal Rate of Return (IRR) compared to the MRS
August 1, 2024
August 1, 2024 (Australian Mining) - The processing facility project at Black Cat’s Paulsens gold operation in Western Australia is progressing on target, with refurbishment well underway. To date, Black Cat has completed the fabrication of the run of mine wall structure, cyanide mixing plant and a new crusher control room, as well as the removal of structural steel across the gravity tower in preparation for repairs. The company has also finalised repairs to carbon-in-leach tank floors and the installation and commissioning of three of the five new diesel generators at power station two. “The processing facility refurbishment activities are progressing safely and efficiently with commissioning on target for December 2024,” Black Cat managing director Gareth Solly said . Future
July 29, 2024
TORONTO , July 29, 2024 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD ) (NYSE American: NGD) announces that operations resumed during the day shift on Saturday July 27 th at the Rainy River Mine in northwestern Ontario , following the employee fatality reported on July 24 th . Operations safely resumed Saturday, as no other equipment or site infrastructure was impacted in the incident. New Gold is supporting the authorities with their investigation. The thoughts of management remain with the family, friends and colleagues who have been impacted by this tragic incident. The health, safety and wellbeing of our employees is our top priority. About New Gold New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets i
July 25, 2024
July 25, 2024 (Australian Mining) - Cream Mining has commenced underground services at Black Cat Syndicate’s Paulsens gold operation in Nanutarra, Western Australia. Activities undertaken by Cream Mining include the installation of secondary ventilation fans and mine services, ladders and platforms, the rehabilitation of existing escapeway systems and the firing of development headings. Black Cat has also mobilised a fleet of machinery at Paulsens. The fleet includes a fully refurbished Sandvik DD421 twin boom jumbo, which has commenced conduct rehabilitation and development works. “Black Cat is rapidly expanding the operations team and mobile fleet as we ramp up mining activities as part of our high-grade stockpile strategy,” Black Cat managing director Gareth Solly said .
July 24, 2024
TORONTO , July 24, 2024 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD ) (NYSE American: NGD) deeply regrets that early this morning, July 24 th , 2024, an employee operating a piece of equipment in the open pit was fatally injured at the Rainy River Mine in northwestern Ontario . The health, safety and wellbeing of our employees is our top priority. The Company is working closely with local authorities and an investigation is underway. Operations have been voluntarily suspended. The thoughts of management are with the family, friends and colleagues who have been impacted by this tragic incident. The Company will provide additional information as appropriate. About New Gold New Gold is a Canadian-focused intermediate mining company with a portfolio of two core
July 5, 2024
July 5, 2024 (Source: xm.com) HONG KONG, July 5 (Reuters) - China's MMG Ltd 1208.HK has halted operations at a mill at its Dugald River zinc mine in Australia for about two months of repair work, it said on Friday. Concentrate output has stopped, but mine operations will continue and it will build up ore stockpiles, MMG told Reuters in an email. The Dugald River mine in Queensland is one of the world's 10 biggest zinc mines and produced 44,760 metric tons of zinc in concentrate in the first quarter of 2024, MMG's website says