Jaime Carrasco’s Post

#Gold is on the Move and the best jurisdiction in the world is #Canada. #IN #Quebec, Osisko Metals Incorporated and #Bonterra are developing gold mines in the Urban-Barry district and in Newfoundland Calibre Mining Corp (CXB) has just purchased Marathon Gold for $ 250 million and are developing a gold mine. Why does this matter for @Triple One Metals? Because we have projects in both locations on trend! See the maps in the comments for details Haywood Securities Inc. Canaccord Genuity Group Inc. PI Financial Corp. Research Capital Corporation Government of Newfoundland and Labrador Investissement Québec Caisse de dépôt et placement du Québec (CDPQ) Laurentian Bank Securities Desjardins TD Securities BMO Capital Markets RBC Capital Markets Scotiabank CIBC Mellon Resource Capital Funds CIM | Canadian Institute of Mining, Metallurgy and Petroleum Prospectors & Developers Association of Canada (PDAC) Goldman Sachs Goldman Sachs Investment Banking Goldman Sachs Private Wealth Management JPMorgan Chase & Co. Morgan Stanley World Gold Council Teck Resources Limited Osisko Development Corp.

📢 Regis Resources is pleased to announce the release of a solid Q4 FY24 Quarterly Report. Q4 Highlights: ✔ Delivered record LTIFR of 0.00 ✔ Produced 106.4koz of gold at A$2,247/oz, while recovering from wet weather impacts ✔ Sold 114.5koz at an average realised gold price of A$3,528/oz ✔ Record operating cash of $166m ✔ Progressed Duketon underground growth strategy ✔ Released McPhillamys’ DFS ✔ FY24 group gold production and AISC within guidance ranges Our Managing Director Jim Beyer commented: “This has been a significant few months for the Company. The cash generating capacity of Regis is now clear for all to see after we broke free of the long-standing hedge book. With a healthy gold price tailwind and mines continuing to recover from extreme wet weather, Regis delivered record cash and bullion build of $109 million in the last quarter and $141 million since the hedge book was closed out in December 2023. We continue to work on delivering ongoing cash build into the future. After the end of the quarter, we delivered the McPhillamys DFS and as we have long thought, the Project is confirmed as a value accretive, long-life, expandable, low operating cost open pit that delivers robust financial metrics. McPhillamys is one of Australia’s largest undeveloped open pit gold projects, and we are very pleased to have such significant organic growth optionality in our portfolio.” Read the announcement here 👉 Q4 FY24 ASX Release https://lnkd.in/gdQSGH_F #ASX #gold #mining

Silver X is pleased to report its financial results for the three months and year ended December 31, 2023, for the Nueva Recuperada Project in Central Peru. Q4 2023 Financial Highlights ✅ Q4 2023 Cash costs of $18.22 per Silver Equivalent (“AgEq”) ounce produced (1)(2) and All-In-Sustaining Cost (“AISC”) (1)(2) of $24.96 per AgEq ounce produced, reflective of the sustaining capital expenditure invested in the development of the Tangana mining unit ($2.0 million adding $6.74 per AgEq ounce produced to the AISC). ✅ Generated revenues of $4.3 million in Q4 2023, representing a 12 per cent increase when compared to $3.9 million of revenues in Q4 2022. This is reflective of the successful ramp up since the operational pause and upgrades during the third quarter of 2023. ✅ Operating loss of $1.0 million in Q4 2023. Net loss before tax of $5.9 million in Q4 2023. Read the full news release: https://loom.ly/pWpGB7Y TSXV: #AGX | OTCQB: #AGXPF | FRA: #AGX #SilverXMining #NuevaRecuperada #FinancialResults #Q4 #silverstocks #miningstocks

📊 Victoria Gold: A Look Back at Projections and the Reality of Economic Estimates Victoria Gold has been a hot topic in recent months following the unfortunate heap leach failure at its flagship Eagle Mine Project. One eye-opening aspect was despite a 50 to 60% appreciation in gold since 2019, the Eagle Gold Mine was not producing any meaningful cash flow. Generating cash flow is fundamentally important to ensuring that long-life assets can meet both financial and environmental obligations. Assets that become marginal by definition will have reduced cash flow to reinvest in their operations. An operation that has breakeven cash flow by definition will have an NPV of $0.00. This, of course, leds me to ask the question: how does this compare with the 2019 FS? There has been much discussion on LinkedIn about how 43-101 compliant PEA and feasibility studies have lost credibility with investors, resulting in a loss of trust with the public. Furthermore there have been a number of cost blowups we have seen in the industry. So what was the projected NPV and IRR, of the Eagle Mine? It must have been marginal? It was not. In 2016, the NPV(5%) was over $508M, with an after-tax IRR of 29.5% and capital efficiency of 137% on an initial capex estimated at $370M. In 2019, the study was updated with an NPV(5%) of $1,034M. Capital efficiency above 100% is very rare, and whenever such numbers are thrown around, it's important to appreciate how hard it is to find projects with such rosy economics that, for some reason, haven't been built earlier. We should be cautious and recognize how unique 20%+ IRRs and capital efficiencies above 100% truly are. Especially when CAPEX becomes larger. Yet, I’ve seen a trend where more elevated economics in these studies seem increasingly common. All mining projects come with liabilities, and our ability to manage and engineer those liabilities is dependent on real economics. If these estimates are off and not addressed, we risk repeating the same mistakes, and worse leaving legacy liabilities that can't be covered. #Mining #Gold #CashFlow #NPV #IRR #CapitalEfficiency #FeasibilityStudies #MiningEconomics #ProjectLiabilities #MineralExploration #HeapLeach #RiskManagement #InvestmentCaution #TSXV

Black Cat Syndicate Limited Unveils Robust Restart Study for Paulsens Gold Operation (ASX: BC8) Gareth Solly, Black Cat’s Managing Director, expressed enthusiasm about the study results, stating, “The May 2024 Study demonstrates that Paulsens is a cash cow and generates Operating Cashflow of $201M. We are well progressed in obtaining a secured debt facility which uses the May 2024 Study as a base case and the Internal Operating Plan as an upside case.” “Additionally, there is potential upside to the May 2024 Study from the Internal Operating Plan, which incorporates many high-grade veins that are outside the current Resource. The Internal Operating Plan includes additional selective mining of these developed veins to build a high-grade stockpile for immediate processing once the processing facility is commissioned, which has the potential to increase and accelerate initial and life of mine cashflow. The high-grade stockpile strategy, while excluded from the May 2024 Study, will commence immediately upon full funding.” “We are looking forward to being fully funded so that we can achieve our vision of being the dominant player in three prolific gold districts – Paulsens in the Pilbara, the Coyote Gold Operation in the Western Tanami, and the Kal East Gold Project, east of Kalgoorlie.” Read our article below: https://lnkd.in/ggxyUh-j #gold #mining #exploration #asx

West Red Lake Gold Mines Ltd. (“West Red Lake” or the “Company”) (TSXV: WRLG) is pleased to announce that, further to its news releases dated November 6, 2023 and November 7, 2023, the Company has closed its brokered private placement offering (the “Offering”) of 29,000,000 units of the Company (each, a “Unit”) at a price of $0.52 per Unit (the “Offering Price”) for gross proceeds of $15,080,000, which includes the exercise in full of the Agents’ option. The Offering was conducted pursuant to the terms and conditions of an agency agreement entered into by the Company, Canaccord Genuity Corp. (“Canaccord“) and Eight Capital (together with Canaccord, the “Agents”). Each Unit is comprised of one common share of the Company (each, a “Common Share“) and one common share purchase warrant of the Company (each, a “Warrant“). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.68, subject to adjustment in certain events, until November 28, 2026. The net proceeds received from the Offering will be used to advance the Company’s mineral properties in Ontario, as well as for working capital and general corporate purposes. https://lnkd.in/d2r9CrQ3 #mining #discovery #news #latest #west #redlake #gold

It is estimated the site could yield between 100,000 to 150,000 ounces of gold each year - which would equate to a minimum of $325 million a year under current gold pricing. This is big

Fitch Ratings has assigned Navoi Mining and Metallurgical Company (NMMC) a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook. 🌟 Key Highlights: Rating Constraints: The rating is influenced by its sole parent, Uzbekistan (BB-/Stable), reflecting strong state control and strategic direction. Global Standing: NMMC is the fourth-largest gold producer globally, expected to produce over 3 million ounces in 2024. Their operations are centralized in Uzbekistan, with significant production from the Muruntau cluster. Financial Strength: Known for low leverage, NMMC maintains net and gross debt to EBITDA below 1x. The company distributes 100% of its net income to the government while considering leverage targets and liquidity. Cost Leadership: With one of the lowest all-in sustaining costs (AISC) at USD866/oz, NMMC's operations are highly cost-efficient. State Support: The state has a robust oversight role with a strong precedent of support, including government-provided debt. Corporate Governance: NMMC is enhancing its corporate governance, publishing IFRS financials since 2020 and aiming to add independent board members. NMMC's strong position and strategic importance to Uzbekistan make it a key player in the global gold market. 🌍✨ #Mining #GoldProduction #FinancialRating #CorporateGovernance #NMMC #Uzbekistan #FitchRatings