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⛏️Advancing Innovation and Community at Element79 Gold’s Lucero Property We're excited to update you on the progress at our Lucero Property in Peru, known historically for its high-grade gold and silver yields. At Element79 Gold, we prioritize sustainable and community-focused mining practices. 👉Community Collaboration Our partnership with local miners and the town of Chachas is central to our strategy, ensuring that our operations benefit the entire community while respecting local traditions and contributions. 👉Strategic Exploration and Growth With the latest exploration efforts, we are set to expand Lucero's potential significantly. Our upcoming drilling program will leverage modern techniques to update our resource estimates and optimize production. 👉Investing in Our Future The impending sale of our Maverick Springs Project is poised to clean up the balance sheet and finance our ambitious goals for Lucero, highlighting our proactive approach to resource management and corporate development. Stay tuned as we continue to develop and implement corporate and mining practices that lead to growth and opportunity. https://lnkd.in/dCM6AjjC #miningindustry #juniormining #miningnews #miningsector #mininginvestment

New buyers offer N$5bn for Osino Resources, surpassing Dundee's N$4bn offer Osino Resources Corp. Resources Corp (Osino) says it has received a compelling proposal from an unnamed foreign mining company, surpassing Dundee Precious Metals' offer by over N$1 billion. Under the new proposal, Osino shareholders would receive C$1.90 for each common share, valuing the company at approximately N$5 billion (C$368 million). The development comes in the wake of Dundee Precious Metals Inc. (DPM)'s December definitive agreement to acquire Osino Resources for N$4 billion. DPM had offered C$0.775 in cash per Osino share along with 0.0801 of a DPM common share, implying a value of C$1.55 per Osino share and a total equity value of N$4 billion (C$287 million). Meanwhile, the premium offered by the new proposal, approximately 32% higher than the implied value of the consideration in the DPM Arrangement Agreement, underscores the enhanced value proposition presented by the foreign-based mining company. "Based on the closing price of the DPM common shares on the Toronto Stock Exchange as of February 16, 2024, the superior proposal represents a premium of approximately 32% to the implied value of the consideration offered pursuant to the DPM Arrangement Agreement and approximately 68% premium to the unaffected share price one trading day prior to the announcement of the DPM Arrangement Agreement," said Osino's President and CEO Heye Daun. https://lnkd.in/dh3TtTqq #namibia #goldmine #gold #mine #acqusition #investment Chamber of Mines Namibia Namibia Investment Promotion and Development Board (NIPDB) Tom Alweendo

Osino receives new bids for assets: Canadian company Osino Resources, which is developing the Twin Hills gold project in Namibia, says it has received a proposal from a foreign-based mining company for the acquisition of all of the issued and outstanding common shares of the company, which Dundee Precious Metals (DPM) was interested in acquiring. Osino has notified DPM of the development and asked them to better their proposal to match the new offer, but DPM declined to do so. A statement issued by Osino’s president and chief executive, Heye Daun, said the issued and outstanding securities are convertible into common shares for cash consideration of C$1,90 for each common share. He said the Osino board of directors has unanimously determined, after consultation with its financial and legal advisers, that the new offer constitutes a “superior proposal” to agreement between Osino and DPM, dated 17 December 2023. Pursuant to the terms of the new offer, Osino’s shareholders would receive cash consideration of C$1,90 for each common share, valuing Osino at approximately C$368 million, Daun said. The new offer contemplates that the bidder would provide Osino a loan comprising a US$10 million (N$190 million) facility concurrently with the execution of the arrangement agreement to enable the continued, fast-tracked development of the Twin Hills gold project and to fund other Osino liquidity needs. “The new offeror would also provide an advance in an amount equal to the termination fee payable by Osino in the event of a termination of the DPM arrangement agreement as a result of the new offer,” Daun said. Based on the closing price of the DPM common shares on the Toronto Stock Exchange as of 16 February, the superior proposal represents a premium of approximately 32% to the implied value of the consideration offered pursuant to the DPM arrangement agreement, and approximately a 68% premium to the unaffected share price one trading day prior to the announcement of the DPM agreement. According to a statement issued by Dundee Tsumeb’s managing director and vice president, Zebra Kasete, DPM has been notified of the new offer by Osino. “Dundee Precious Metals acknowledges receipt of notice from Osino Resources that a foreign-based mining company had made a binding proposal to acquire all of the issued and outstanding common shares of Osino for a purchase price of C$1,90 per share. “Osino has further advised DPM that its board of directors has determined that the new proposal constitutes a ‘superior proposal’ as defined in the arrangement agreement between DPM and Osino dated 17 December 2023,” said a statement by David Rae, the president and chief executive. Under the terms of the agreement, DPM has previously agreed to acquire all of the issued and outstanding common shares of Osino for C$0,775 in cash per Osino share, and 0,0801 of a DPM common share per Osino share, with an…

New Post: Asante Gold: First Tranche Closing of $100M Offering Delayed Due to Foreign Exchange Conversion Challenges - https://lnkd.in/eZxqCFwZ Gold: First Tranche Closing of $100M Offering Delayed Due to Foreign Exchange Conversion Challengeshttps://lnkd.in/ekNZPjgY, British Columbia//-Asante Gold Corporation, a leading gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana today, says that the first tranche closing of $100M offering has been delayed due to foreign exchange conversion challenges. Asante Gold logo Vancouver, British Columbia//-Asante Gold Corporation, a leading gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana today, says that the first tranche closing of $100M offering has been delayed due to foreign exchange conversion challenges.   Asante, which is currently operating the Bibiani and Chirano Gold Mines both in Ghana and continues with detailed technical studies at its Kubi Gold Project, explained that further to its press release of September 24, 2024, that announced a $100 million non-brokered private placement (the Offering) with the first tranche of $25 million scheduled to close on October 15, 2024. The mining company confirmed that $14 million of the first tranche of the Offering has been received and that the balance of subscription funds to effect the closing of the first tranche of the Offering is expected to occur on or about October 31, 2024. “This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of U.S”, it said. The press release added that persons, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. According to the company, all its mines and exploration projects are located on the prolific Bibiani and Ashanti Gold Belts in Ghana, emphasising it has an experienced and skilled team of mine finders, builders, and operators with extensive experience in Ghana. Instructively, the company is listed on the Canadian Securities Exchange and the Ghana Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. African Eye Report    MASAHUDU AN

via StockHound: Tennant Minerals Achieves Excellent Copper and Gold Recoveries at Bluebird (ASX: TMS) CEO Vincent Algar commented: “Building on our significant initial copper flotation test-work results, the latest more detailed cleaner-flotation tests, conducted over a wider range of material types, demonstrates the Bluebird copper and gold mineralisation can consistently deliver high-grade and potentially commercial copper concentrates of 24%-29% copper with gold content of up to 4 g/t. High copper recoveries which are consistently over 90%, and up to 98%, also underline the potential for positive outcomes from future economic studies into mining and extraction to produce a saleable copper and gold concentrate. “Furthermore, comparisons with reported copper-with-gold traded concentrates , and from other successful mines in the Tennant Creek area, support the view that Bluebird concentrates have the potential to be highly valuable at current copper and gold prices – which are continuing to rise. “These excellent results give us further encouragement as we prepare for our next drilling phase at Bluebird to continue expanding this exciting high-grade copper-gold discovery. Our overall goal is to establish a substantial resource base within our 100%-owned Barkly Project, which will support a stand-alone mining and processing operation at a time of increasing global demand for both copper and gold.” Read full article here: https://lnkd.in/g-dfT3mU #copper #gold #mining #exploration #asx

Tennant Minerals Achieves Excellent Copper and Gold Recoveries at Bluebird (ASX: TMS) CEO Vincent Algar commented: “Building on our significant initial copper flotation test-work results, the latest more detailed cleaner-flotation tests, conducted over a wider range of material types, demonstrates the Bluebird copper and gold mineralisation can consistently deliver high-grade and potentially commercial copper concentrates of 24%-29% copper with gold content of up to 4 g/t. High copper recoveries which are consistently over 90%, and up to 98%, also underline the potential for positive outcomes from future economic studies into mining and extraction to produce a saleable copper and gold concentrate. “Furthermore, comparisons with reported copper-with-gold traded concentrates , and from other successful mines in the Tennant Creek area , support the view that Bluebird concentrates have the potential to be highly valuable at current copper and gold prices – which are continuing to rise. “These excellent results give us further encouragement as we prepare for our next drilling phase at Bluebird to continue expanding this exciting high-grade copper-gold discovery. Our overall goal is to establish a substantial resource base within our 100%-owned Barkly Project, which will support a stand-alone mining and processing operation at a time of increasing global demand for both copper and gold.” Read our article below: https://lnkd.in/g-dfT3mU #copper #gold #mining #exploration #asx

📢 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

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

New Post: Asante Gold: First Tranche Closing of $100M Offering Delayed Due to Foreign Exchange Conversion Challenges - https://lnkd.in/edvpv9_6 Gold: First Tranche Closing of $100M Offering Delayed Due to Foreign Exchange Conversion Challengeshttps://lnkd.in/eVS49RXK, British Columbia//-Asante Gold Corporation, a leading gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana today, says that the first tranche closing of $100M offering has been delayed due to foreign exchange conversion challenges. Asante Gold logo Vancouver, British Columbia//-Asante Gold Corporation, a leading gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana today, says that the first tranche closing of $100M offering has been delayed due to foreign exchange conversion challenges.   Asante, which is currently operating the Bibiani and Chirano Gold Mines both in Ghana and continues with detailed technical studies at its Kubi Gold Project, explained that further to its press release of September 24, 2024, that announced a $100 million non-brokered private placement (the Offering) with the first tranche of $25 million scheduled to close on October 15, 2024. The mining company confirmed that $14 million of the first tranche of the Offering has been received and that the balance of subscription funds to effect the closing of the first tranche of the Offering is expected to occur on or about October 31, 2024. “This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of U.S”, it said. The press release added that persons, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. According to the company, all its mines and exploration projects are located on the prolific Bibiani and Ashanti Gold Belts in Ghana, emphasising it has an experienced and skilled team of mine finders, builders, and operators with extensive experience in Ghana. Instructively, the company is listed on the Canadian Securities Exchange and the Ghana Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. African Eye Report    MASAHUDU AN

Canadian Miner IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) Goes for the Gold with Second Quarter Results Investorideas.com- News that inspires big investing ideas #gold #goldmining #miningstocks #miningnews   August 9, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a go-to platform for big investing ideas, including mining stocks reports on trading for IAMGOLD Corporation (NYSE: IAG) (TSX: IMG, an intermediate gold producer and developer based in Canada with two operating mines: Essakane (Burkina Faso) and Westwood (Canada). The Company also owns Côté Gold (Canada), a large-scale, long-life mine that has commenced production March 31, 2024 (together referred to as continuing operations). The Company has an established portfolio of early stage and advanced exploration projects within highly prospective mining districts in Canada.) The stock is trading up following reporting its financial and operating results for the second quarter ended June 30, 2024. The stock is currently trading at $5.85, up 0.77, gaining 15.16%, making it one of the top percentage gainers on the TSX.