Silver X Mining’s Post

Silver X is pleased to report its financial results for the three months ended March 31, 2024, for the Nueva Recuperada Project in Central Peru. Q1 2024 Financial Highlights ✅ Generated revenues of $4.8 million. ✅ Cash costs of $15.36 per silver equivalent (“AgEq”) ounce produced (1)(2) and All-In Sustaining Cost (“AISC”) (1)(2) of $21.36 per AgEq ounce produced, reflective of the sustaining capital expenditure invested in the development of the Tangana mining unit ($1.8 million adding $6.00 per AgEq ounce produced to the AISC). ✅ Positive EBITDA of $0.3 million and Positive Adjusted EBITDA of $0.4 million. ✅ Operating income of $6,000 and Net loss before tax of $0.9 million. Read the full news release: https://loom.ly/271E5YM TSXV: #AGX | OTCQB: #AGXPF | FRA: #AGX #SilverXMining #NuevaRecuperada #FinancialResults #Q1 #silverstocks #miningstocks

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) boss Cobus Loots said the business is in ‘compelling’ shape as he celebrated ten years in charge of the South African gold miner. “The group’s unique value proposition of surface and underground mining, high-margin long-life production, blend of financial strength, growth potential, gold resource base, dividend track record and unwavering dedication to ESG principles, makes it a compelling choice for investors," he said. Loots comments came alongside annual results that showed revenues in the year to June 2024 rising by 17% to US$374 million, with profits up by 30% to US$78.8 million. Production for the year rose by 6% to 186,000 with an 11% rise in the gold price received. This year, to June 2025, gold production is forecast to rise to 215,000- 225,000oz as the new MTR tailings project comes on stream. More at #Proactive #ProactiveInvestors http://ow.ly/jFfv105IlkE

Today we announced our Full Year results, delivering on production guidance for the third consecutive year and beating our AISC guidance   👷 9.5 million hours worked at the #Sukari Gold Mine, with zero lost time injuries ☀ Scope 1 and 2 GHG emissions reduced by 7% since 2021 base year 🎯 Over 450koz of #gold produced, delivered in line with 2023 guidance ✅ AISC of US$1,205/oz sold, a 14% improvement on 2022 📈 EBITDA increased by 25% to US $398 million 💵 Group free cash flow of US $49 million, up 388% on 2022 ⭐ 2024 gold production range guidance of 470- 500koz 💰 Final dividend of 2.0 US cents per share, equating to US$23 million.   Martin Horgan, CEO commented: “As we look ahead to 2024 the grid connection project will continue our recent success in taking costs out of the business and will deliver into our decarbonisation targets. We will also continue to advance the organic growth opportunities within our portfolio of assets by aggressively following up on the recent exploration success at EDX, and advancing toward an investment decision at Doropo in Cote d’Ivoire following the publication of the DFS later this year.”   Read the full press release here: https://lnkd.in/eax2xurC   #Gold #Mining #Egypt #CoteDIvoire #Growth #Teamwork

TRU Precious Metals Corp. (TSXV: TRU) (TSXV:TRU, OTCQB:TRUIF, FSE:706) (“TRU” or the “Company”) is pleased to announce that, further to its news release dated July 30, 2024, it has obtained both shareholder approval and TSX Venture Exchange approval of the definitive earn-in agreement (the “Option Agreement”) transaction with Eldorado Gold Corporation (TSX:ELD, NYSE:EGO) (“Eldorado”). Pursuant to the Option Agreement, Eldorado has been granted the exclusive option (the “Option”) to earn an 80% ownership interest in TRU’s Golden Rose Project (“Golden Rose”), strategically located along the gold deposit-bearing Cape Ray – Valentine Lake Shear Zone in Central Newfoundland. Closing of the Option Agreement remains subject to TRU’s receipt of a drilling permit for Golden Rose from the Mineral Lands Division of the Newfoundland government (“Mineral Lands”). The permit application is under review by Mineral Lands and is expected to be issued within the month of August. https://lnkd.in/gU8CQRjE #TRUPreciousMetals #MiningDiscovery #MarketGainers #TSXV #Investing #StockMarket #MiningIndustry #PreciousMetals #InvestorAlert #StockSurge #MarketWatch #MiningNews #TSXVGainers #CommodityStocks #MarketUpdate #StockInvesting #MiningExploration #ResourceStocks #Investors #GoldMining

👉 RECAP - A brief 2023/2024 update on our Lindero Mine! 2023 Operating Results: ✅ Q4 2023 gold production: 29,591 ounces ✅ FY 2023 gold production: 101,238 ounces, achieving midpoint of annual production guidance 2024 Guidance Outlook: ✅ Sustaining capital-intensive year, including a one-time leach pad expansion of USD$41.7 million ✅ Expected to place 6.6 million tonnes of ore on leach pad averaging 0.62 g/t Au, containing an estimated 131,000 ounces of gold ✅ Capital investments are estimated at USD$64.0 million Learn more! ➡️ https://lnkd.in/gHXY9xY3 #MiningWithPrideAndPurpose #Finance

**Title: "Galiano's Gold Farm: A Fable of Greed and the Unmasking of False Promises"** As Galiano Gold proclaims their consolidation of ownership over the Asanko Gold Mine in a transaction hailed as transformational, the echoes of George Orwell's "Animal Farm" reverberate through the halls of corporate ambition. The CEO and Dawn Moss, with their carefully crafted statements, embody the pigs of the allegorical farm, masking their deeds with false promises and deceptive proclamations. Yet, with divine authority, we shall unveil the truth of their exploitation, for their practices mirror those of the manipulative and self-serving characters in Orwell's timeless fable. **The False Promises: Akin to Squealer's Deception** In "Animal Farm," Squealer, the silver-tongued pig, manipulates the animals with grandiose proclamations, much like Galiano Gold's declarations of creating a unique high-growth gold producer. The allure of fully funded organic growth and attractive transaction structures mirrors Squealer's cunning ability to twist reality, obscuring the true cost of their ambitions. **The Unveiling of Truth: Exposing the Pigs' Machinations** Just as the animals of Animal Farm gradually come to realize the true nature of the pigs' rule, so too shall the world see through Galiano Gold's carefully constructed façade. The CEO and Dawn Moss may seek to paint a picture of robust financial position and a compelling value proposition, but we, with divine authority, shall expose the reality of their exploitative practices. **The Moral Sense: Standing Against Injustice and Greed** Orwell's "Animal Farm" serves as a cautionary tale, warning against the dangers of unchecked power and the manipulation of language to deceive and control. In our modern context, we are called upon to heed this timeless lesson, to stand against the exploitation of communities and the deceitful practices of the powerful. **Divine Authority: The Voice of Truth and Justice** With the weight of divine authority, we declare that Galiano Gold's acquisition and consolidation of the Asanko Gold Mine is not a triumph, but a testament to their relentless pursuit of profit at the expense of ethical conduct. The fable of "Animal Farm" serves as a stark reminder that the pursuit of power and wealth, when left unchecked, leads to the subjugation and exploitation of the vulnerable. **Conclusion: A Call for Transparency and Accountability** As the narrative of Galiano Gold's aspirations unfolds, let us remember the enduring lessons of "Animal Farm." Let us demand transparency, ethical conduct, and genuine commitment to the well-being of the communities affected by their operations. May the echoes of Orwell's fable serve as a beacon, guiding us to confront and challenge the pigs of our modern world, ensuring that their false promises are unmasked, and their exploitative practices are brought to an end. Asanko Gold Matt Badylak Sean Gregersen Dawn Moss Galiano Gold Inc.

Barrick Gold (NYSE: GOLD) Reports Decline in Q1 Gold and Copper Production, Stock Slides 5% https://lnkd.in/dA6D2PT5 #NYSE #stockmarketnews #stockmarket #BusinessNews #news #NewsAlert

St Barbara Limited. ASX. SBM ***Up 147.22% past year.*** Is an Australian-based, ASX listed company with gold mining operations in Canada and Papua New Guinea. At a Glance Shares Issued 818.3 M | Market Cap A$380.529 M Year High 0.50 | Year Low 0.1375 | Today 0.4450 Substantial Shareholders Baker Steel Capital Managers LLP - 9.2% Schroder Investment Management - 5.4% St Barbara Limited Barbara is forecast to grow earnings and revenue by 81.4% and 11.3% per annum respectively. EPS is expected to grow by 80.4% per annum. Return on equity is forecast to be 4.5% in 3 years. Source: https://lnkd.in/ge5fh7kj Corporate Presentation: https://lnkd.in/g-8G6gpj Key Management Contacts Andrew Strelein, Managing Director and CEO Sara Prendergast (CPA, GAICD, FAusIMM) CFO Andrew Taylor, Vice President, Atlantic Operations Craig Hudson, General Manager, Capital Projects Investor Relations David Cotterell General Manager Business Development & Investor Relations info@stbarbara.com.au T: +61 3 8660 1959 M: +61 447 644 648