Mikhail Solovyev’s Post

Fitch Ratings issues BB- Long-Term Issuer Default Rating with a Stable Outlook to Navoi Gold We are thrilled to announce that Navoi Gold has received its second international credit rating! Fitch Ratings has assigned us a Long-Term Issuer Default Rating of ‘BB-’ with a Stable Outlook, aligning with Uzbekistan’s sovereign credit rating and recent assessment by S&P Global Ratings. Additionally, Fitch assessed the Company’s standalone credit profile at ‘bb’. This rating underscores Navoi Gold’s operational efficiency, financial stability, and commitment to sustainable and responsible mining. As Eugene Antonov, our First Deputy CEO for Transformation, stated: "The rating not only enhances our credibility in front of partners and investors but also emphasizes our commitment to sustainable and responsible mining. Receiving our second credit rating also opens up new opportunities for cooperation and the introduction of new financial instruments, including the issuance of corporate securities. " Join us in celebrating this significant milestone as we continue to drive growth and innovation in the mining industry!   #NMMC #FitchRatings #CreditRating #GoldMining #SustainableMining #Transformation #Uzbekistan

Read the interview with Frank Galati in Global Business Reports (GBR) 2024 report

Read the interview with Jahanzeb Sohail, P.Eng, M.Eng. and Jacob Lachapelle in the latest GBR report showcasing what's new in the industry, and what's coming next! #SmartMines #DigitalMine #UndergroundMining

How can #mining companies prepare to go public in the current economic climate? In his interview with the Global Business Reports (GBR), Dean McPherson, TSX/TSXV's Global Head of Mining, share's his tips for mining companies considering public markets ⤵

First Quantum’s share price collapsed as a result of the turmoil, shedding more than 60 per cent of its value last year. The company is currently worth about $6.8 billion, while Barrick is worth about US$30 billion.Bristow has been looking to transform Barrick — formerly the world’s biggest gold miner — into a major copper producer. The company is building a big copper mine in Pakistan, and previously made an informal takeover approach to First Quantum that was rebuffed, Bloomberg reported in June.  https://lnkd.in/gXKmxWtr

📊 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

VANCOUVER, B.C., May 2, 2024 – Relevant Gold Corp (TSXV:RGC) (OTCQB:RGCCF). (the “Company” or “Relevant Gold”) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $2,500,000 through the sale of up to 10,000,000 units (“the Units”) at the price of $0.25 per Unit. Each Unit consists of one common share of the Company and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.35 per share for a period of 24 months from the date of issue. https://lnkd.in/gzW8WunB #RelevantGoldCorp #PrivatePlacement #InvestmentOpportunity #GoldMining #TSXV #OTCQB #StockMarket #FinancialNews #Investing #JuniorMining #Vancouver #ResourceExploration #WarrantOffering #CommonShares #MiningInvestment #GoldPrice #PreciousMetals #ResourceSector #ExplorationCompany #MineralExploration

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

Antipa Minerals is in the spotlight, especially after our recent strategic move selling a 32% stake in the Citadel gold project JV to Rio Tinto for A$17 million. As gold prices soar to all-time highs, Euroz Hartleys Limited analyst, Michael Scantlebury highlights Antipa as a prime target for M&A activity in the Paterson Province.   With Newmont Corporation's exit from Telfer and Havieron, the landscape is shifting, and the focus has turned to the Paterson Province. Scantlebury suggests that investment is flowing from majors to mid-tiers and Antipa is well-positioned to benefit.    With a healthy cash position and an updated scoping study for our Minyari Dome gold project set for release, it is a fantastic time to be an Antipa shareholder.    Read the full article to learn more about the exciting developments in the Paterson Province and what this means for Antipa Minerals: https://bit.ly/3zXh30G   Stockhead   #AntipaMinerals #AZY #GoldExploration #PatersonProvince #ASX #CitadelProject #MinyariDome #MiningIndustry

🇨🇦 ⛏️ Delta Resources Limited (TSX-V: DLTA) Further Expands Its Controlling Land Position in the Eastern Shebandowan Greenstone Belt in Thunder Bay, Ontario “Delta has assembled an outstanding land package with significant potential for multiple deposits, not only for gold mineralization, but also for magmatic copper-nickel deposits such as the former producing Inco Mine. The Delta team is already working on compiling all available historical work, permitting of the new properties and defining new high-priority gold targets for further testing later in 2024. We are anxious to reveal the true potential of this newly acquired ground with a systematic, belt-scale approach in the eastern Shebandowan Greenstone Belt.” said Andre Tessier P.Eng, P.Geo, President and CEO. 📈 TSX-V: DLTA - OTC: DTARF - FSE: 6G01 📈 #Gold #Mining #Exploration #ThunderBay #Canada #Goldmining #Preciousmetals #Miningstocks #Goldstocks #Stockstowatch #Smallcapstocks #Stockmarketinvesting #Investments #Investors #Gold #Goldinvestment #tsxv #stocks #Resource #investing For more information please visit https://lnkd.in/gHyEdFF7