Catalyst Metals Limited (ASX: CYL)
Suspension from Quotation
The securities of Catalyst Metals Limited (‘CYL’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYL. Continue reading
Author Archives: Mining Desk
Catalyst Metals Sells Its Henty Gold Mine to Kaiser Reef
Catalyst Metals (ASX: CYL)
Has agreed to sell its Henty Gold Mine In Tasmania to Kaiser Reef (ASX:KAU). This streamlines its asset portfolio to focus on core projects.
Catalyst has retained exposure to Henty’s upside while backing a new management team which will have greater focus on operational execution.
Wesdome Reports Record Production in FY 2024
Wesdome Gold Mines (TSX: WDO)
Announced its results for the three and twelve months ended December 31, 2024.
Record annual revenue: FY 2024 revenue increased by 68% compared to FY 2023 to $558.2M driven by strong Q4 2024 revenue of $182.6M. Continue reading
Capricorn Buys Out Its Hedge Book
Capricorn Metals (ASX: CMM)
Advised that it has closed out all of its remaining 55,000 ounces of gold forward sale hedge contracts with settlement via a bilateral transaction to issue Capricorn shares to Macquarie Bank Limited, the company’s hedging and debt financier. Continue reading
Galiano Gold Reports Q4 And FY 2024 Results
Galiano Gold (TSX: GAU)
Reported its fourth quarter and full year 2024 production and financial results.
The Company generated $13.8 million of operating cash flow during Q4 2024 and $55.7 million during FY 2024, which included a $13.1 million payment to terminate the gold sales offtake agreement.
Awalé Hits 2.0 g/t Gold Eq. over 52 metres at BBM
Awalé Resources (TSX.V: ARIC)
Reported results from seven diamond drill holes completed as part of the expanded drill campaign targeting the BBM zone at the Odienné Project in the Ivory Coast.
Hole OEDD-119 intercepted 52m @ 2.0 grams per tonne gold equivalent from 197m, including 15m @ 3.6 g/t Au, 0.52% Cu. Continue reading
Gold Road Reduces Guidance for the March Quarter
Gold Road Resources (ASX: GOR)
Updated on anticipated production for Gruyere for the March 2025 quarter.
Gruyere gold production for the March 2025 quarter on a 100% basis is anticipated to be between 70,000 – 73,000 ounces of gold (December 2024 quarter: 91,631 ounces). Continue reading
Catalyst Announces First Stoping Ore From Plutonic East
Catalyst Metals (ASX: CYL)
Announced first stoping ore at Plutonic East.
Plutonic East is the first of three mines to be developed by Catalyst in its plan to double production across the Plutonic Gold Belt for A$31m over the coming 12-18 months. Continue reading
Cabral Gold Trenches 20m @ 3.6 g/t Gold at Machichie
Cabral Gold Inc. (TSX.V: CBR)
Released assay results from two surface trenches and eight reverse circulation drill holes at the Machichie Main gold deposit within the Cuiu Cuiu gold district, Brazil.
Surface trench CT051 at Cuiu Cuiu returned 20 metres of 3.6 grams per tonne gold, including four metres of 15.7 g/t gold in gold-in-oxide material at surface. Continue reading
Awalé Updates on Drilling at High-Grade Gold Target
Awalé Resources (TSX.V: ARIC)
Provided an update on exploration activities at the Charger target within the Odienné Project in the Ivory Coast.
The Charger zone stands out with some of the highest-grade intercepts in West Africa in the last 12 months, including 32m @ 45.7 g/t Au from 165m downhole in OEDD-83. Continue reading
Ora Banda Mining’s New Outstanding Gold Discovery
Ora Banda Mining (ASX: OBM)
Updated on its continued exploration success at the high-grade Riverina Gold Camp.
Following the initial success of the original Little Gem EIS diamond hole LGDD24001 which identified high grade gold mineralisation (4.7m @ 7.4g/t) Ora Banda has completed a further five-hole diamond program (1,849 metres). Continue reading
G Mining Ventures Commences Construction at Oko West
G Mining Ventures (TSX: GMIN)
Announced the commencement of site preparation activities at its Oko West Gold Project in Guyana, marking a major step forward in the project’s development. Continue reading
Orla Mining Completes the Musselwhite Acquisition
Orla Mining (TSX: OLA; NYSE: ORLA)
Announced that the Company has completed its acquisition of the Musselwhite Gold Mine in Ontario, Canada from Newmont Corporation.
The addition of Musselwhite transforms Orla into a North American-centred, geographically diversified intermediate gold producer. Continue reading
Meeka Discovers a New High-Grade Gold Zone
Meeka Metals (ASX: MEK)
Reported assays from a new zone of shallow high-grade gold on the western side of Turnberry South at the Murchison.
Highlights included 21m @ 5.13g/t Au from 51m including 5m @ 15.65g/t gold,
18m @ 3.61g/t Au from 83m including 4m @ 10.85g/t Au. Continue reading
PDAC 2025 Day 4
PDAC 2025 Day 4
The final day, which only runs from 9 am to midday, then to ironic cheers a voice booms out that the conference is closed.
I used the time to catch up with a couple of UK listed companies, including one caught up in a scandle not of its own making. Continue reading
PDAC 2025 Day 3
PDAC 2025 Day 3
The weather relented a little today and the temperature rose to around zero, a welcome relief from the previous days of biting wind.
Another day trudging around the booths and I am struggling to find new companies of interest that meet my criteria. Continue reading
PDAC 2025 Day 2
PDAC 2025 Day 2
It was an exceptionally busy day as the market professionals joined the show as usual on a Monday.
Dynasty Mining and Endurence Gold caught the eye, both early stage exploration projects.
City Investors Circle Market Review February 2025
Market Review February 2025
Has just been published.
Highlighted company is Meeka Metals.
Comments on the gold sector and a good month for the producing gold miners. Continue reading
Barton Gold Tunkillia Optimised Scoping Study Update
Barton Gold Holdings (ASX: BGD)
Provided a progress update for ongoing studies at its South Australian Tunkillia Gold Project.
Following the ISS publication during July 2024, Barton engaged independent technical consultants to complete a detailed review of optimisation opportunities in parallel with Barton’s own internal analyses. Continue reading
West Red Lake Gold Files The NI 43-101 PFS for Madsen
West Red Lake Gold (TSX.V: WRLG)
Announced the filing of its independent pre-feasibility study technical report for its 100% owned Madsen Mine project located in the Red Lake Gold District of northwestern Ontario, Canada, with an effective date of January 7, 2025. Continue reading