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 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
Gold Road Resources (ASX: GOR)
Presented a preliminary production update from Gruyere.
Despite a significant rainfall event casing disruption to mine operations guidance for 2024 remains on track. Continue reading
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.
Calibre Mining (TSX: CXB)
Announced the results of the Company’s updated Mineral Resources and Mineral Reserves for its Nicaragua and Nevada properties as of December 31, 2023.
Reserves have grown in both jurisdictions net of depletion since acquisition of each asset. Continue reading
Orla Mining (TSX: OLA)
Provided an update on its exploration activities at the South Railroad Project in H2 2023.
This news release presents the first of two updates from the 2023 infill and extension drilling, totaling seven drillholes and representing 2,508 m. Continue reading
Cartier Resources (TSX.V: ECR)
Announced the results of its ongoing drilling program for the Chimo Mine Project
The highlight was 13.2 g/t Au / 2.3 m including 46.1 g/t Au / 0.5 m. Continue reading
Karora Resources (TSX: KRR)
Announced updated 2024 gold production guidance of 170,000 – 185,000 ounces and all-in sustaining cost cost guidance of US$1,250–US$1,375 per ounce sold.
Karora’s updated guidance incorporates optimized 2024 mine and development plans across its operations. Continue reading
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
PDAC 2024 Day 1
A quiet opening day to PDAC 2024, and the whole show lacked the usual excitement and vibrancy in my opinion.
Booth holders were bemoaning the lack of investors attending, and that they were mainly meeting service providers and people seeking opportunities. Continue reading
West Red Lake Gold Mines (TSXV: WRLG)
Announced that it has entered into an agreement with Raymond James Ltd. to act as sole bookrunner and lead agent, private placement of units of the Company at a price of US$1,000 per Unit for gross proceeds of US$20,000,000. Continue reading
Mining Review February 2024
Our monthly Mining Review has been published, reporting all the news from our watchlist companies.
There were many good drill results reported by our companies including Calibre Mining, Cabral Gold, and Karora Resources, to name but three of many. Continue reading
Cabral Gold (TSX.V: CBR)
Announced assay results from an additional 13 RC holes testing near-surface oxide material at the Central gold deposit, and nine shallow auger holes from the MG gold deposit, Cuiú Cuiú gold district.
The highlight was hole RC390 which returned 23m @ 1.0 g/t gold from 5m depth. Continue reading
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
Karora Resources (TSX: KRR)
Announced further significant results from gold exploration and infill drilling at the Beta Hunt Mine.
Highlights were hole WF380ACC-09AE at 3.8 g/t over 33.0 metres and 5 g/t over 9.0 metres. Continue reading
Calibre Mining (TSX: CXB)
Announced financial and operating results forQ4 2023 and year ended December 31, 2023.
Record production of 283,494 ounces, 2023 represented the fourth consecutive year exceeding guidance. Continue reading
Calidus Resources (ASX: CAI)
Announced an updated Mineral Resource estimate for the Bulletin deposit of 784,000t at 4.0g/t Au for 100,000oz.
Importantly, this includes a maiden Indicated Resource of 429,000t at 4.3g/t Au for 59,000oz. Continue reading
Firefly Metals (ASX: FFM)
Firefly Metals, the ASX listed exploration and development company that acquired the Green Bay project containing the Ming Mine from former AIM listed Rambler Metals and Mining, have released an updated Corporate Presentation. Continue reading
Calibre Mining (TSX: CXB)
Announced ore control RC drill results from its Leprechaun open pit (2022 Mineral Reserves of 15.1Mt grading 1.73 g/t gold containing 0.84 Moz), one of the three open pits in the Valentine Gold Mine in Newfoundland and Labrador, Canada. Continue reading
Nevada King Gold (TSX.V: NKG)
Announced that the Company’s Board of Directors has approved plans for a strategic reorganization of its business pursuant to which all of the Company’s concessions and properties with the exception of the Atlanta Gold Mine Project will be spun out to Nevada King shareholders through a newly incorporated company, “Spinco.” Continue reading
