Karora Resources Records Production, Revenue, and Cashflow

 Karora Resources (TSX: KRR)

Announced financial and operating results for the fourth quarter (“Q4 2023”) and full-year of 2023.

Production was a record 160,492 ounces, increased 20% from 133,887 ounces for 2023, driven by a 37% increase gold produced from the Beta Hunt Mine. The Company exceeded 2023 production guidance. Continue reading

Calidus Resources Financial Restructure and Discounted Placing

Calidus Resources (ASX: CAI)

Announced that it has received firm commitments from institutional, sophisticated and professional investors for the placement of approximately 143.6 million new fully paid ordinary shares at an issue price of A$0.115 to raise approximately A$16.5m. Continue reading

Calibre Mining Announces C$100 Million Bought Deal

Calibre Mining (TSX: CXB)

Announced  that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 59,600,000 common shares of the Company, at a price of $1.68 per Common Share for gross proceeds of $100 million. Continue reading

West Red Lake Gold Intersects 25.12 g/t Au over 5.5m

West Red Lake Gold Mines (TSXV: WRLG)

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

Hole MM24D-12-4640-012 Intersected 5.5m @ 25.12 g/t Au, from 24.0m to 29.5m, Including 1.0m @ 134.90 g/t Au, from 25.0m to 26.0m. Continue reading

Mining Review 17th March 2024

Mining Review 17th March 2024

News from Calidus Resources dominated the news this week, as they requested their stock be halted on the ASX, and then the ASX announced CAI was suspended from quotation.

The company announced a financial restructuring, which has some investors nervous about a potential downgrade of the stock upon its return to trading.

Continue reading

Orla Mining Drills Oxide Mineralization Outside Projected Open Pits

Orla Mining  (TSX: OLA; NYSE: ORLA)

Provided an update on its exploration activities at the South Railroad Project in the second half of 2023.

Drilling at South Railroad in 2023 totalled 14,695 metres and additional results from other exploration targets will be shared in a subsequent update. Continue reading

Orla Mining Discovers New Style of Sulphide Mineralization at Camino Rojo

Orla Mining Ltd. (TSX: OLA)

Provided an update on its exploration activities on the extension of the Camino Rojo deposit in the second half of 2023. These recent exploration results emphasize that the Camino Rojo deposit remains open and has substantial upside potential.  Continue reading