Insidexploration Analytics Inc.’s Post

Sibanye-Stillwater was founded in 2013, starting with a market capitalisation of a billion dollars based on its South African #gold assets; Beatrix Driefontein and Kloof. Over the last decade, the company has grown and transformed, diversifying from being one of the world’s top ten gold producers into becoming one of the world’s largest primary producers of #platinum and #palladium. It has also diversified into a multinational mining and processing business, with a portfolio of operations around the world, including operations, projects, and investments on five continents. “In addition to our gold and platinum group metals (#PGMs), we refine #nickel and produce #chrome #copper and #cobalt, and we are busy building and investing in new #lithium projects as well,” explains Neal Froneman, CEO of Sibanye-Stillwater. https://lnkd.in/eQwHMd3e #businessworld #digitalnews #globalnews #news #onlinenews  #internationalnews #businessleaders #newsupdates #newsoftheday #businessbuilding #latestnews #subscribe #follow #businessfocus

FireFly Metals Ltd (ASX:FFM) has been recognised as a Deloitte WA Index High Growth Award Winner for 2024 during the annual Diggers & Dealers Mining Forum in Kalgoorlie, Western Australia. Each year, Deloitte celebrates WA-listed companies that have shown exceptional growth in market capitalization in the previous year to June 30. FireFly was one of the top three movers in the WA Index Top 100 for the FY ended June 30, 2024, having increased its market cap by 545%. The company’s managing director Steve Parsons presented at the Diggers & Dealers Mining Forum on Tuesday, telling delegates that the “exceptional drilling results generated in the June quarter” were consistent with the achieving its goal of creating maximum value for shareholders by growing the resource at the Green Bay Copper-Gold project in Newfoundland, Canada. More at #Proactive #ProactiveInvestors #Diggers&Dealers #MiningAustralia #DeloitteWAIndexHighGrowthAward #CopperMining #GoldMining http://ow.ly/yBZB105EC9Q

Dundee Precious Metals Inc. (TSX:DPM) and Osino Resources Corp (TSX-V: OSI) (FSE: RSR1) (OTCQX: OSIIF) are pleased to announce that they have entered into a definitive agreement whereby DPM will acquire all of the issued and outstanding common shares of Osino pursuant to a plan of arrangement. The Transaction adds Osino’s high-quality, long-life Twin Hills open pit gold project as well as an extensive exploration portfolio in Namibia to DPM’s existing portfolio of assets. As a result of the Transaction, DPM will acquire a 100% interest1 in Osino’s advanced stage, multi-million ounce Twin Hills gold project located in Namibia, a mining-friendly jurisdiction where DPM has successfully operated since 2010. A June 2023 feasibility study completed by Osino outlined an open-pit project with a 13-year mine life and average annual production of 175,000 ounces of gold over the first five years, with first production targeted in the second half of 2026.2 Pursuant to the terms of the Arrangement Agreement, DPM will acquire all of the issued and outstanding common shares of Osino for a consideration consisting of C$0.775 in cash per Osino Share and 0.0801 of a DPM common share per Osino Share. The Consideration implies a value of C$1.553 per Osino Share and a total equity value of C$287 million on a fully-diluted in-the-money basis. This Consideration represents a premium of 37.2% and 44.3% based on the closing price and 30-day volume weighted average price of Osino Shares as of December 15, 2023, on the TSX Venture Exchange, respectively. Upon completion of the Transaction, DPM will issue 13,766,364 shares to Osino shareholders and existing Osino shareholders will own approximately 7% of the combined company. https://lnkd.in/gFjBcsYu

"It’s not often that a junior holding two promising assets covers such a large underexplored land position in South America like Max does. Better yet, the mineralization found on each project is quite unique. CESAR potentially hosts two well-known deposit types, and RT is found to contain two separate gold systems, giving the company an ideal lineup of minerals for diversification purposes." https://lnkd.in/gepVanhS #copper #gold #miningnews #electrification #miningandmetals #criticalmetals #coppermining #copperexploration

Dundee Precious Metals Inc. (TSX:DPM) and Osino Resources Corp (TSX-V: OSI) (FSE: RSR1) (OTCQX: OSIIF) are pleased to announce that they have entered into a definitive agreement whereby DPM will acquire all of the issued and outstanding common shares of Osino pursuant to a plan of arrangement. The Transaction adds Osino’s high-quality, long-life Twin Hills open pit gold project as well as an extensive exploration portfolio in Namibia to DPM’s existing portfolio of assets. As a result of the Transaction, DPM will acquire a 100% interest1 in Osino’s advanced stage, multi-million ounce Twin Hills gold project located in Namibia, a mining-friendly jurisdiction where DPM has successfully operated since 2010. A June 2023 feasibility study completed by Osino outlined an open-pit project with a 13-year mine life and average annual production of 175,000 ounces of gold over the first five years, with first production targeted in the second half of 2026.2 Pursuant to the terms of the Arrangement Agreement, DPM will acquire all of the issued and outstanding common shares of Osino for a consideration consisting of C$0.775 in cash per Osino Share and 0.0801 of a DPM common share per Osino Share. The Consideration implies a value of C$1.553 per Osino Share and a total equity value of C$287 million on a fully-diluted in-the-money basis. This Consideration represents a premium of 37.2% and 44.3% based on the closing price and 30-day volume weighted average price of Osino Shares as of December 15, 2023, on the TSX Venture Exchange, respectively. Upon completion of the Transaction, DPM will issue 13,766,364 shares to Osino shareholders and existing Osino shareholders will own approximately 7% of the combined company. https://lnkd.in/g6NQ6tDW

📢 It’s official! We just poured our first gold bar at the Côté Gold Project, the first step of production for what will be Canada’s third-largest gold mine in operation. Congratulations to our teams and stakeholders for this monumental achievement.   Renaud Adams, our President & CEO, had the following words to share with our employees upon the announcement: “I am delighted to announce that Côté Gold is in production, joining Essakane and Westwood to be IAMGOLD’s third producing gold mine. Bringing Côté over the finish line represents the culmination of over 15 million hours of work and $3 billion of capital over four years of construction – an incredible effort for the team on the ground. Of course, this success extends well beyond Côté. Each one of us has played a part in this achievement. Thank you to our dear partner Sumitomo Metal Mining Co., Ltd. who was beside us the whole way. It is an honour to be standing alongside our teams, seeing the support for each other, and together making IAMGOLD a stronger company today."   The goal for Côté in 2024 is to ramp up towards reaching 90% of its design run-rate by year-end, with production of 220,000 to 290,000 ounces of gold.   However, this is just the beginning for Côté, as we believe the project is the start of what will ultimately turn into a new mining district, which will be a mining hub for decades to come. Between the Côté deposit and the neighbouring Gosselin deposit, the project has over 20 million ounces globally. This positions Côté as the third largest gold project in Canada in operation, putting it in an exclusive category of mining projects in the world. Further, Côté is positioned as an innovation leader in our industry as the first gold mining project in North America built for a fully automated haulage fleet. Automation not only brings significant benefits in health & safety and operating efficiencies but is a considerable step forward in the evolution of mining and the skilled workforce of tomorrow. https://lnkd.in/gQDg3gfp

MetalsGrove Mining Ltd (ASX:MGA) has completed an entitlement offer, which was fully subscribed with applications received for more than 52.7 million shares to raise $2.1 million before costs. Shareholders were offered one fully paid ordinary share for every share held at a price of $0.04 per new share. Participants were also offered one free attaching option with an exercise price of $0.12, expiring three years from their issue date. The funds will go to various exploration programs across the company’s assets while also offering opportunities for further potential acquisitions. MetalsGrove is focused on exploring its portfolio of #lithium projects in Zimbabwe as well as multi-metal projects including rare earth, copper-gold, #manganese and base metal assets in Western Australia and the Northern Territory. More at #Proactive #ProactiveInvestors #RareEarthElements #Copper #Gold http://ow.ly/bVTy105uwI2

Here's a quick snapshot of the powerhouses and rising stars in the gold mining sector: 📈 Newmont Corporation (TSE: NGT): The top gold producer with 5.5 million oz., strengthened by its acquisition of Newcrest Mining. 📈 Barrick Gold Corporation (TSE: ABX): Produced 4.05 million oz. in 2023, focusing on organic growth with key operations in the Dominican Republic and Nevada. 📈 Agnico Eagle Mines Limited (TSE: AEM): Grew its production by nearly 10% thanks to strategic acquisitions, including the Canadian Malartic mine. 📈 Navoi Mining and Metallurgical Company (NMMC): Uzbekistan’s largest industrial enterprise with a 2023 production of 2.9 million oz. 📈 POLYUS (PLZL): Increased production by 14%, overcoming the impact of Western sanctions. 📈 AngloGold Ashanti (NYSE: AU): Despite a slight decline in production, it remains a key player with operations in Africa and Australia. 📈 GOLD FIELDS (JSE: GFI): Produced 2.3 million oz., investing in new projects like the Salares Norte mine in Chile. 📈 Zijin Mining Group (SHA: 601899): China’s top listed gold miner, with a 20% increase in production and active expansion efforts. 📈 Kinross Gold Corporation (TSE: K): Produced 2.15 million oz., adding new ventures like the Manh Choh project in Alaska. 📈 Freeport-McMoRan (NYSE: FCX): Known for its copper production, it also saw a 10% increase in gold production from the Grasberg mine in Indonesia. 📈 Solidcore Resources plc (formerly Polymetal International plc): Maintained steady production despite sanctions, focusing on new markets and investments in Kazakhstan. 📈 Great Pacific Gold Corp (TSXV: GPAC): A rising junior miner with promising gold and copper projects in Papua New Guinea and Australia. These companies are leading the charge in the gold mining industry, driving innovation and growth. #Gold #Mining #Investing #JuniorMining #GPAC #Newmont #BarrickGold #AgnicoEagle #Navoi #Polyus #AngloGoldAshanti #GoldFields #ZijinMining #KinrossGold #FreeportMcMoran #Solidcore https://lnkd.in/grBaY2UW

Cyprium Metals Limited (ASX: CYM) is an Australian copper developer and explorer with a portfolio of near-term development projects in Western Australia. The company is focused on the delivery and execution of its strategy to restart the Nifty Project as a large-scale open-pit copper operation. Under a newly appointed executive chairman in Matt Fifield, Cyprium is eager to get to work in establishing itself as a strong copper company while creating shareholder value. Following a challenging couple of years, Fifield is confident of a turnaround, and is of the view that “Cyprium is one of the most undervalued mining companies on the ASX”. The company, which holds a portfolio of copper assets in mining-friendly Western Australia, is seeking to establish itself as a near-term copper producer, anchored by its flagship brownfield asset — the Nifty Copper Mine. And with its competent and... More at #Proactive #ProactiveInvestors http://ow.ly/gKqy105kU8v

We're thrilled to announce K92 Mining's record-breaking Q4 and FY 2023 financial results! Highlights include our highest quarterly revenue, net income, operating cash flow, EBITDA, and operational achievements. Our commitment to excellence led to beating annual production, cash cost, and AISC guidance with notable discoveries at Arakompa. Highlights include: - Record annual revenue of US$200.3 million - Record quarterly revenue of US$75.3 million - Record quarterly production of 39,101oz AuEq - Quarterly cash costs of US$430/oz gold, second lowest to date - Exceeded annual production guidance at 117,607 oz AuEq  - Record annual ore mined and processed - Significant advancement of key growth projects at Kainantu   John Lewins, K92 Chief Executive Officer and Director, stated, “ In 2023, K92 once again took a major step forward in numerous areas, delivering a strong finish to the year with multiple records achieved both financially and operationally, including, but not limited to, record production, development, material movements, earnings per share, cash flow per share, and revenue. With the strong fourth quarter, K92 exceeded the top end of its updated production guidance range and delivered better cash costs and all-in sustaining costs than the original guidance range. 2023 also delivered a significantly expanded resource base, with the combined Measured and Indicated resource at Kora and Judd increasing by +13% to 2.6 Moz AuEq at 10.0 g/t AuEq and the Inferred resource increasing by +70% to 4.5 Moz AuEq at 8.5 g/t AuEq, firmly placing Kainantu in an elite category of large high-grade gold systems globally.” See the full Q4 & FY2023 results here: https://lnkd.in/gy42hzUG   #K92Mining #InvestinGold #BusinessInsights #Investment