Proactive’s Post

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF)’s ATO gold mine in Mongolia is expected to generate total gross revenue of $2.2 billion, based on an updated Technical Report, according to Stonegate Capital Partners analysts.  In an update to clients, the analysts placed a valuation range of C$4.43 to C$5.59 per share on Steppe Gold stock, with a mid-point of C$5.00, based on separate discounted cash flow (DCF) analysis of their mine models for the company.   Highlights from the Technical Report on ATO included an estimated 1.1 million ounces of gold and 11.7 million silver ounces at a grade of 1.13 grams per tonne (g/t) gold and 12.43 g/t silver.   They also noted that the ATO project is expected to produce more than 100,000 ounces of gold annually over an estimated mine life of 14 years.  More at #Proactive #ProactiveInvestors #TSX #OTCQX #STGO #STPGF http://ow.ly/sX0i1055stZ

Aeris Resources Limited (ASX:AIS, OTC:ARSRF), a mid-tier base and precious metals producer in Australia, has forecast group copper-equivalent production of 40,000 to 48,000 tonnes during FY25, in line with the FY24 copper-equivalent production of 42,000 tonnes. Within this guidance is 27,000 to 32,000 tonnes of #copper, 50,000 to 62,000 ounces of #gold and 200,000 to 240,000 ounces of #silver, compared to the FY24 production of 27,200 tonnes of copper, 55,300 ounces of gold and 240,400 ounces of silver. The Tritton Copper Operations in central New South Wales is expected to produce 21,000 to 25,000 tonnes of copper and the Cracow Gold Project in Queensland is expected to produce 40,000 to 49,000 ounces of gold. More at #Proactive #ProactiveInvestors #CopperMining #CopperProduction #GoldMining #GoldStocks #GoldProduction http://ow.ly/wNU6105CAoz

Southern Copper (BBB+/Stable)'s substantial copper reserves of 45.1 million tonnes of contained copper equate to 51 years in mine life at 2022 production rates. This position ranks SCC at number one among globally listed companies, significantly higher than those of Freeport McMoRan (BBB-/Positive) (34 years), and Codelco (BBB+/Stable) (28 years).

SCOOP: Canada's Teck Resources Limited, which has exited its coal business with a sale this month to Glencore, is drawing attention from across the mining industry as the biggest names position for the next wave of dealmaking activity. Teck is seen as a logical merger partner in particular for Anglo American or Vale’s base-metals business, both of which have studied the specifics of a potential deal internally, according to executives, advisers and bankers familiar with the companies’ thinking. Larger rivals including BHP, Rio Tinto and Freeport-McMoRan  are also watching Teck closely and could be in a position to respond if another player made the first move. There’s no certainty that any of the companies will ultimately make an offer for Teck, and any potential transaction could face significant hurdles. The company is still controlled by its founding family, which successfully opposed an unsolicited bid last year from Glencore. And stringent new guidance restricting foreign takeovers in Canada has raised questions over whether a deal is even possible. For the world’s biggest miners, the appeal is evident. Across the industry, many of the largest players still depend too heavily on fossil-fuel-heavy commodities such as coal and iron ore, while investors are looking for exposure to copper, the crucial metal needed to decarbonize the global economy. The sale of its coal business has repositioned Teck to focus on copper and zinc, and the company’s Quebrada Blanca 2 operation in Chile is one of the world’s newest and biggest copper mines. Story with Thomas Biesheuvel, Mariana Durão and Dinesh Nair in Bloomberg News: https://lnkd.in/gZhmgDQr

Interesting thoughts here on Teck from Bloomberg. They’ve effectively made themselves more attractive with the demerger of the coal business so it’s not unreasonable that their name comes up in merger talk (the same path Anglo is following with their business tidy up). With QB2 ramping up, although not without its issues, they are set to go from strength to strength. With the recent changes in Canadian laws regarding takeovers of firms, I wonder how much a non-Canadian firm will struggle to get traction. Maybe a merger of Teck Resources Limited and First Quantum Minerals might make sense, creating a Canadian national champion. Whilst also solving a number of FQMLs issues. A merger may fall foul of Chinese shareholding, but an interesting proposition nonetheless. Availability of financing might be a struggle as well.

Revival Gold is merging with Ensign Minerals and will acquire all of the issued and outstanding shares of Ensign, a private company, in exchange for a total of 61,376,126 million shares of Revival Gold, based on an exchange ratio of 1.1667 Revival shares for each Ensign share. With total Measured and Indicated Mineral Resources of 2.4 million ounces of gold and Inferred Mineral Resources of 3.8 million ounces of gold, the transaction increases Revival Gold's heap leach gold resources per share and creates one of the largest pure-play gold development companies in the United States. We view the transaction as a win-win situation and risk minimization for all parties involved. / via @swissresourceag #Development #CompanyPresentation #RevivalGoldInc

Forte Minerals Corp. (CSE:CUAU, OTCQB:FOMNF) announced that it has finalized the acquisition of the Alto Ruri high sulphidation epithermal gold prospect and the Cerro Quillo porphyry #gold-#copper-#molybdenum prospect located in Perú from its strategic partner Globetrotters Resource Group. The company said the concessions were transferred to its Peruvian subsidiary Cordillera Resources Perú S.A.C., in exchange for a one-time cash payment of US$25,000. It noted that both prospects are located on a contiguous 4700-hectare block of concessions initially acquired by Globetrotters from Compañía Minera Ares S.A.C. in exchange for a 1% net smelter returns royalty interest. More at #Proactive #ProactiveInvestors #CSE #OTCQB #CUAU #FOMNF http://ow.ly/xs9K105kyUM

ICYMI: Revival Gold is merging with Ensign Minerals and will acquire all of the issued and outstanding shares of Ensign, a private company, in exchange for a total of 61,376,126 million shares of Revival Gold, based on an exchange ratio of 1.1667 Revival shares for each Ensign share. With total Measured and Indicated Mineral Resources of 2.4 million ounces of gold and Inferred Mineral Resources of 3.8 million ounces of gold, the transaction increases Revival Gold's heap leach gold resources per share and creates one of the largest pure-play gold development companies in the United States. We view the transaction as a win-win situation and risk minimization for all parties involved. / via @swissresourceag #Development #CompanyPresentation #RevivalGoldInc

ZM: FQM Secures $500 Million Copper Deal with Jiangxi Amidst Panama Mine Struggles First Quantum Minerals (FQM) has secured a significant lifeline in the form of a $500 million deal with Jiangxi Copper, its largest shareholder. The deal comes amidst struggles faced by the Canadian miner, particularly with its flagship copper mine in Panama.

Omai Gold upsizes recently announced private placement to $13 million. Omai Gold Mines and its Agent, Paradigm Capital Inc., are pleased to announce that, due to investor demand, the recently announced Private Placement Financing has been upsized to $13 million. Omai Gold CEO, Elaine Ellingham comments, "We announced a positive Preliminary Economic Assessment ("PEA") for our Omai project in Guyana on April 4th, which shows a US$556 million NPV5% at a $1950/oz gold price. This PEA incorporated 1.9 million ounces of gold, representing only 45% of our current Mineral Resource Estimate for Omai. This PEA provides a baseline production scenario that shows the potential for the robust economic development of Omai to once again become a large-scale gold producer. We have identified multiple opportunities to expand the proposed Wenot superpit development as well as integrating the Gilt Creek underground deposit. This financing will allow us to accelerate our work expanding the total mine plan, enhancing the economics, and commencing work towards a pre-feasibility study" https://lnkd.in/gyVkzida