After many twists, turns and speculations it seems there won’t be a court case after all, with news that #Endeavour Mining's former chief executive, Sébastien de Montessus, paid US$1.35 million to the company in July following a settlement agreement. In January, Endeavour fired De Montessus for alleged serious misconduct, saying that it found irregular payments of $5.9 million linked to the sale of the #Agbaou mine in Côte d'Ivoire in 2021. In March, the company finished the full investigation and said it found further hidden payments of $15 million in addition to the original $5.9 million. Endeavour shares have fallen 11% since the start of the year, but have largely recovered from the dip in January. Read more here https://lnkd.in/e5YDc8sE
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🔔Cassius Mining Ltd (ASX:CMD) announces it has received the 𝘾𝙊𝙉𝙁𝙄𝘿𝙀𝙉𝙏𝙄𝘼𝙇 𝙄𝙉𝘿𝙀𝙋𝙀𝙉𝘿𝙀𝙉𝙏 𝙍𝙀𝙋𝙊𝙍𝙏 detailing the 𝙌𝘼𝙉𝙏𝙐𝙈 𝙊𝙁 𝘿𝘼𝙈𝘼𝙂𝙀𝙎 𝙎𝙊𝙐𝙂𝙃𝙏 in the 𝙄𝙉𝙏𝙀𝙍𝙉𝘼𝙏𝙄𝙊𝙉𝘼𝙇 𝘼𝙍𝘽𝙄𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝘾𝘼𝙎𝙀 𝘼𝙂𝘼𝙄𝙉𝙎𝙏 𝙏𝙃𝙀 𝙂𝙊𝙑𝙀𝙍𝙉𝙈𝙀𝙉𝙏 𝙊𝙁 𝙂𝙃𝘼𝙉𝘼. This report has been provided to potential funders as part of ongoing negotiations for non-recourse funding for the arbitration. #arbitration
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Meaning of “royalty” under the context of the Act – Elucidated – Held, essential characteristics of royalty are that (i) it is a consideration or payment made to the proprietor of minerals, either the government or a private person; (ii) it flows from a statutory agreement (a mining lease) between the lessor and the lessee; (iii) it represents a return for the grant of a privilege (to the lessee) of removing or consuming the minerals; and (iv) it is generally determined on the basis of the quantity of the minerals removed 2024 KHC OnLine 6398
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VANCOUVER, BC – TheNewswire – July 3, 2024 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element 79 Gold" or “(ELEM) a mining company focused on the production of gold and silver in Peru, announces that the Company wishes to raise up to $250,000 through a non-brokered private placement of units of the Company (each a “Unit”) at a purchase price of $0.23 per Unit (the “Financing”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant will be exercisable for one Common Share at a price of $0.35 per Common Share for four (4) years from the date of issuance. https://lnkd.in/degX4Sjw #miningindustry #juniormining #miningnews #miningsector #mininginvestment
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A Nice win for our client against SARS in the High Court! Also a big win for Mining taxpayers in general on the mineral royalty act but also a big win for Taxpayers in general that wants to approach the High Court directly for declaratory relief on legal interpretation disputes with SARS! Message me if you want a copy of the judgment. #mineralroyalties #tax #taxdisputes #highcourt #jurisdiction #taxmatters
The High Court's decisive ruling in favour of Richards Bay Mining (Pty) Ltd against SARS sets a precedent in mineral royalty interpretation under section 4(2) of the Mineral Royalty Act. Click here for the full details on this significant judgment: https://bit.ly/3TsAp3m Andries Myburgh | Ntebaleng Sekabate | Emile Cronje
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Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) recently saw its financial flexibility increase as it reported a stronger balance sheet by the end of the first quarter of 2024. The company processed 470,749 tonnes of material, producing 4,478,122 silver equivalent ounces, and generated $52.59 million in revenue despite a $215,000 adjusted EBITDA loss. What’s more, Santacruz successfully restructured its debt with Glencore, further bolstering its financial position. In this Q&A interview, Arturo Préstamo, executive chairman of Santacruz Silver Mining, discusses the company's recent first-quarter production numbers, the challenges they faced, and their promising outlook for the rest of the year. Préstamo elaborates on the significant steps Santacruz has taken to reinforce its balance sheet through a strategic debt restructuring deal with Glencore, as well as the positive impact of current metal price trends on their... More at #Proactive #ProactiveInvestors http://ow.ly/b45e105w212
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The Federal Government has initiated a significant policy shift in the mining sector, approving the transfer of N2.5bn from the Bank of Industry to the Solid Minerals Development Fund. This move aims to enhance funding accessibility for indigenous miners under more favourable terms. https://lnkd.in/dMXS6_Tx #MiningSector #SolidMinerals #IndigenousMiners #EconomicPolicy #Nigeria #GovernmentInitiative #DevelopmentFund #BankOfIndustry #SustainableGrowth #MiningIndustry
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For those interested in mining disputes, Jaime Gallego and I have published an article in the tribute book to Miguel Angel Fernández-Ballesteros (in Spanish, at pages 819-838) analysing a topic that investors whose mining activities/projects are affected by actions of rural or native communities (led by their authorities) may want to look into carefully: can the actions of those communities be attributed to the State under international law to conclude that the State violated its international obligations vis-à-vis investors? We examine the case of Peru, a country with a detailed legal framework where the authorities of rural and native communities enjoy powers and prerogatives that can only be described as extensive.
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Hats off to Chris at Equity.Guru for your awesome article. Your support shines as brightly as the gold we're gearing up to produce. ✨ Chris’ walk-the-walk approach, just like Lincoln Gold Mining Inc.’s leadership style, highlights how we're both all about taking precise action and getting real results. #gold #goldmining #miningindustry
Grateful for the support from Chris Parry at Equity.Guru! We are humbled by the recognition of our quiet dedication to progress in the gold mining sector. Thank you for shining a light on our journey towards near-production gold. ✨ #Gold #GoldMining #MiningIndustry #LincolnGold #LMG #LincolnGoldMiningInc #Nevada #Investors #Investing #InvestmentOpportunity #PrivatePlacement #Financing #USA #Canada
Just quietly, Lincoln Gold Mining (LMG.V) is closing on a near-production gold property
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VANCOUVER, BC – TheNewswire - March 11, 2024 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element 79 Gold" or “(ELEM) a mining company focused on the production of gold and silver in Peru, announces that the Company wishes to raise up to $400,000 through a non-brokered private placement of Units of the Company (each a “Unit”) at a purchase price of $0.23 per Unit (the “Financing”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant will be exercisable for one Common Share at a price of $0.35 per Common Share for two (2) years from the date of issuance. https://lnkd.in/duy2S9mc #miningindustry #juniormining #miningnews #miningsector #mininginvestment #miningexploration
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Did you know that 35% of the 94 mining disputes registered by ICSID remain pending? And can you identify which two Latin American respondents are currently the subject of 5+ pending arbitrations, with more on the horizon? What about the average amount of damages awarded vs. claimed in mining arbitrations? Which valuation methodology is most commonly applied by tribunals at each project stage? How many claimants in mining disputes have relied on arbitration finance and won significant damages awards? I, along with Gregory Johnson, CFA, CAIA and Vasudha Kaul from Secretariat, will host a webcast answering these and other questions on Monday, June 10 at 10:00 am (New York / Washington, DC) / 3:00 pm (London) / 4:00 pm (Paris). Join us. Registration details can be found here: https://lnkd.in/ex-KYHZP. #arbitrationanalytics #arbitrationfinance #burfordcapital
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