Proactive’s Post

Auric Mining Limited (ASX:AWJ) will boost its finances by more than $2.6 million following a strong response to the exercising of options that were due to expire on March 31, 2024. There were 99% of the available options exercised at $0.15 each for a total of $2,624,067 with funds to be utilised to enhance the company’s #gold development strategy encompassing the Jeffreys Find mining operations and the flagship Munda Gold Project from which ongoing exploration is returning impressive results. Shareholders exercised a total of 12,993,780 options into fully paid ordinary shares with $1,949,067 to be received by Auric on Thursday, April 4, when the shares are allotted. More at #Proactive #ProactiveInvestors #ASX #AWJ #GoldMining #GoldStocks #MiningAustralia http://ow.ly/T5W7105ooGU

In Q1 2024, Aris Mining produced 50,768 ounces of gold and our Segovia Operations contributed 44,909 ounces at an AISC of $1,434/oz, which was in line with our plan. Mine development at our Segovia Operations is on track to allow production from higher-grade areas from Q2 2024 onwards. The Company remains on track to deliver full-year 2024 production guidance of 220,000 – 240,000 ounces of gold and AISC at our Segovia Operations of $1,225 to $1,325/oz. Aris Mining generated $13.8 million in cash flow from operations before taxes and expansion capital and $28 million of adjusted EBITDA, while it invested $30.1 million in growth and expansion investments during the quarter. The expansion of the processing plant at our Segovia Operations to 3,000 tonnes per day and the construction of the Marmato Lower Mine are advancing well, positioning the Company to target a production rate of 500,000 ounces/year in H2 2026. More details here: https://bit.ly/3QKqiXc #ArisMining #ColombiaMining #GoldMining

📢 Resources + Energy Group (ASX:REZ) has recommenced gold mining and production operations at the East Menzies Gold Project. Mining activities will initially focus on the Maranoa deposit, with targeted processing of 5,000 tonnes of ore via the soon-to-be-built vat leach facility. Link to Release: https://bit.ly/4eWlBmW REZ GROUP MANAGING DIRECTOR J. Daniel Moore SAID: “This is a pivotal chapter in the development of the East Menzies Gold Project. The reinitiation of mining and production at Maranoa signals the beginning of sustained gold output and showcases the significant potential of the broader consolidated tenement package. The vat leach program is particularly timely given the current record high gold price. This process provides a low-cost, fast-track method for gold extraction and sets REZ up for long-term production success. By building on our recent Granny Venn campaign, we can leverage operational efficiencies and lessons learned to drive down costs and increase margins. Furthermore, the cash flow generated from this phase will support the ongoing exploration of other high-grade deposits across our East Menzies tenements, ensuring sustainable and scalable, targeted operations to grow shareholder value." #gold #mining #goldmining #goldproduction #asxnews

Thanks for having our executive director Niv Dagan talking to Mining.com.au about the potential impacts the BHP (ASX:BHP) and Anglo American (LSE:AAL) proposed takeover could have on the broader market. Read here to find out: https://lnkd.in/gEC8RREr PEAK Asset Management #Copper #supplydisruptions #M&A

https://lnkd.in/epwRQWBN As a professional with extensive experience within the mining sector covering data due diligence and transaction support it was of interest to read Cecilia Jamasmie senior editor at MINING.com covering the transaction of BHP and Lundin Mining Corporation coming together to acquire Filo Corp. in a deal valued at c$3bn. It highlights the growing significance of scarcity of quality assets and the high costs associated with set up and extraction. Copper assets are key focus for major players and large copper assets may require a JV approach to fund development as highlighted with this announced transaction. It will be interesting to see how beyond the transaction Mike Henry, Jack Lundin and Jamie Beck align their respective interests and capabilities to deliver upon the collective strategy. M&A in copper is hotting up due to scarcity of quality assets; - I wonder if other major players look to follow suit with this joint venture strategy? #naturalresources #mining #extractives #jointventures #mergersandacquisitions

Auric Mining Limited (ASX:AWJ) directors have demonstrated their confidence in the company and its #gold strategy by exercising all of their options for an injection of almost $97,000. There has been an encouraging uptake for the 16,829,135 AWJOA quoted options which are due to expire on March 31, 2024, at an exercise price of $0.15. At the close of business on Friday, March 15, 2024, there had been 2,260,178 options converted into fully paid ordinary shares for a total of $339,026.70. This includes the exercising of all 645,839 director options for a total of $96,875.85. More at #Proactive #ProactiveInvestors #ASX #AWJ #GoldMining #GoldStocks http://ow.ly/J9gE105mtKG

Mako Mining Corp., a publicly listed gold mining, development and exploration company, completed the acquisition of Goldsource Mines Inc. (TSX.V: GXS, OTCQX: GXSFF), a Canadian exploration and development company focused on its 100%-owned Eagle Mountain gold project in Guyana, South America. “This transaction is a true ‘hand-in-glove’ partnership. The scalability of Goldsource's Eagle Mountain is a direct analogue to that of Mako's San Albino mine. Both properties have district-scale potential, with the ability to unlock that potential through cash flow,” Akiba Leisman, Mako Mining CEO. Mako Mining (led by Akiba Leisman) was advised by Eight Capital and Cassels Brock & Blackwell LLP (led by Andrea FitzGerald, Ben McLaughlin, Zahra Nurmohamed and Davit Akman🎗️🇮🇱). Goldsource Mines (led by Stephen Parsons) was advised by SCP Resource Finance and Koffman Kalef LLP. #MergersAcquisitionsDivestitures #Mining #Canada

Sonoro Gold Corp's Chairman John Darch provided key updates on the company's Cerro Caliche project and the evolving mining landscape in Mexico. The new administration is expected to adopt a favorable stance towards the extractive industry, bringing clarity to the sector. 'Mexico's mining sector has been unsettled by the former president's proposed constitutional amendment to ban open-pit mining,' Darch noted. However, the incoming government's appointments of moderates Marcelo Ebrard and Alicia Bárcena signal a positive shift. Sonoro Gold Corp's Cerro Caliche concessions are owned by the company, and any proposed ban on new open-pit concessions is unlikely to affect the project's future expansion. The 2023 Preliminary Economic Assessment (PEA) estimated the project's current resources could support an initial nine-year open-pit heap leach mining operation. With gold prices reaching an all-time high of $2,450 per ounce in May 2024, the project's potential economics have significantly improved. An internal review estimates that at $2,400 per ounce, the project's Pre-Tax NPV5 increases to $203.7 million with an IRR of 129%. #mining #gold #mexico #sonorogold #cerrocaliche @sonorogoldcorp

Brightstar Resources (ASX:BTR) could enjoy stronger gold production should it complete the acquisition of Linden Gold Alliance with the latter ramping up mining rates at the Second Fortune mine. Brightstar Resources #ASX $BTR

In the first quarter of 2024, Apex Mining Company, Inc. reported a record consolidated net income of P852.7 million, which is 55% more than the P548.8 million earned at the same time the previous year. For the quarter, total gross revenues increased by 31% year over year to P3.4 billion. #mining #bonds #stockmarket #stocks #realestate #finance #Business #Corporate #Corporation #Entrepreneur #Philippines #Invest #Investment #investingtips