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
September 18, 2024
September 17, 2024 (Australian Mining) - New Hope’s Bengalla mine achieved its targeted run-of-mine rate of 13.4 million tonnes per annum (Mtpa) ahead of schedule, while the 2023–24 financial year (FY24) also saw first coal sales from the New Acland restart. The company produced of 9.1Mt of saleable coal in FY24, a 26.4 per cent increase from the previous year’s 7.2Mt. “This year, we’ve delivered on our organic growth pipeline, with the realisation of productivity benefits from the Bengalla mine growth project and the restart of operations at New Acland mine resulting in a significant increase in coal production,” New Hope chief executive officer Rob Bishop said . “The combination of a robust thermal coal price environment, disciplined cost control and strong operational perform
August 22, 2024
August 22, 2024 (Australian Mining) - A 30 per cent improvement in safety performance and zero environmental enforceable actions were highlights of Whitehaven’s 2023–24 financial year (FY24). Run of mine managed production volume sat at 24.5 million tonnes, up from 18.2 million tonnes in FY23. Equity sales of produced coal saw an increase of 26 per cent to 16.4 million tonnes. Cash generated from Whitehaven’s operations was $1.3 billion. Perhaps the biggest highlight from the year was the sale of the Daunia and Blackwater coal mines. The sale of Blackwater was finalised yesterday, with Nippon Steel Corporation and JFE Steel Corporation paying $1.6 billion for the Queensland mine. “FY24 has been a pivotal year for Whitehaven as we are transforming the business through
August 14, 2024
August 14, 2024 (Australian Mining) - Evolution Mining is celebrating record profits for the 2023–24 financial year (FY24). The company’s earnings before interest, taxes, depreciation, and amortisation stood at $1.5 billion for the year, a 67 per cent increase on FY23. Evolution expects the good times to continue rolling into FY25, with guidance set at 710,000–780,000 ounces of gold and 70,000–80,000 tonnes of copper. “The record financial performance and excellent progress we have made on deleveraging the balance sheet and the more than doubling of the final dividend, while continuing to invest in our various project opportunities, are testament to our strategy and capital allocation discipline,” Evolution managing director and chief executive officer Lawrie Conway said . “We
July 31, 2024
July 31, 2024 (Australian Mining) - Aeris Resources has seen its ore production increase by 20 per cent and its mined copper grade improve to 1.89 per cent in the June quarter. This increase was primarily driven by higher volumes from the Avoca Tank and Budgerygar mines, with grade rising from the 1.71 per cent achieved in the prior quarter. Aeris produced 10,200 tonnes of copper equivalent at an all-in sustaining cost of $5.45 per pound during the June quarter. This was up from the 9100 tonnes produced the quarter before. The Tritton copper operations in Queensland performed particularly well in the 2023–24 financial year (FY24), achieving copper equivalent production of 19,700 tonnes across the 12 months
July 22, 2024
July 22, 2024 (Australian Mining) - Strong sales and an advancement in portfolio transformation have been the markers of a solid June quarter for South 32. The major remains on track to deliver operating costs for financial year 2023–24 (FY24), in line with current guidance. “We delivered another quarter of improved operating performance, achieving sequentially higher volumes across the majority of our operations, and remaining on track to achieve FY24 operating unit cost guidance,” South32 chief executive officer Graham Kerr said . “Our performance enabled us to capitalise on stronger commodity prices, lift sales volumes and release working capital, boosting cash generation in the quarter.” South32 invested $US372 million of growth capital expenditure at its Hermosa project in
June 13, 2024
Filing of Annual Financial Statements satisfies conditions to receive the US$7 million Third Advance from Hochschild 1st Quarter 2024 Financial Statements expected to be filed by the end of June MDN production for March, April and May exceeded 17,000 ounces, supporting the ongoing turnaround of operations at MDN TORONTO, ON / ACCESSWIRE / June 13, 2024 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) (" Cerrado " or the " Company ") is pleased to announce operational and financial results for the fourth quarter ("Q4/23") and year-end 2023 at its Minera Don Nicolas ("MDN") gold project in Santa Cruz Province, Argentina and for its ongoing activities at the Monte Do Carmo gold project in Brazil and Mont Sorcier Iron Project in Quebec. Production results for MDN were previously