Silver X Mining’s Post

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

#Gold's notable run over the past few months shows no signs of slowing down. As inflation & correlated interests rates remain high, more investors are turning to #gold as a safe haven. Viva Gold Corp. (TSXV: VAU) (OTCQB: VAUCF) 's #Tonopah project has been full steam ahead in Nevada. With a target envisioned as being capable of producing 60,000 to 70,000 ounces of gold per year, #VAU serves as a promising investor looking for a low risk, rapid payback #preciousmetal company. Read about why investors are making the switch: https://loom.ly/LNUiak8

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

We are thrilled to announce the upsizing of our Senior Secured Credit Facilities up to US$150 million and a new offtake agreement with Trafigura. This milestone strengthens our financial position and supports our ambitious expansion plans at the Kainantu Gold Mine. Key Highlights: - US$150M Credit Facilities: Increased from US$100M to US$150M with competitive interest rates and no hedging conditions. - New Offtake Agreement: Trafigura to purchase 100% of K92 PNG’s copper/gold concentrates, securing long-term competitive terms. - Enhanced Liquidity: Enables rapid advancement of high-priority exploration targets and our expansion plans. - Solid Partnership: Reinforces our strong relationship with Trafigura, our offtake counterpart since the start of operations. John Lewins, CEO of K92 Mining, stated, "The closing and upsizing of the loan to up to US$150 million is an important financial de-risking milestone for delivering the Stage 3 and 4 Expansions which will transform K92 and the Kainantu Gold Mine into a Tier 1 Mid-Tier Producer. Importantly, this boost to liquidity enables K92 to confidently continue to rapidly advance multiple high priority exploration targets concurrently." Read the full press release: https://loom.ly/yDA2JxU #K92Mining #MiningNews #InvestInGold #SustainableGrowth

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

Loncor Gold Inc (TSX: LN) (OTCQX:LONCF) (FSE:LO51) shares rallied more than 15% on news that it has agreed to sell its non-core Makapela #gold property in the Democratic Republic of Congo (DRC) for C$13.5 million in cash.  The sale provides it with significant non-dilutive capital to advance its flagship Adumbi gold deposit, also in the DRC, Loncor said in a statement.   Under the agreement, Loncor will receive a series of progress payments beginning with a deposit of C$2 million. The balance will be paid upon completion of the transfer of title to Makapela, which is expected to occur before the end of February 2024. "Loncor has conducted a number of discussions with potential strategic partners over the last 18 months, many of which involved proposals that would have resulted in significant equity dilution," Loncor CEO John Barker said in a statement. More at #Proactive #ProactiveInvestors #TSX #OTCQX #LN #LONCF http://ow.ly/gtmf1055yzk

LONCOR GOLD SELLS MAKAPELA PROPERTY IN THE DRC Loncor Gold Inc (TSX: LN) (OTCQX:LONCF) (FSE:LO51), a Canadian gold exploration firm, has finalized a deal to sell its Makapela property in the Democratic Republic of Congo (DRC) for C$13.5 million in cash. The transaction structure involves a series of progressive payments, starting with an initial C$2 million deposit. CEO John Barker highlighted that Loncor had explored various partnerships over the past 18 months, some of which could have led to considerable equity dilution. However, the sale of the non-core Makapela property is viewed as an opportunistic means to secure significant non-dilutive financing. Barker emphasized…READ MORE HERE https://lnkd.in/dChiaAe6

Canadian gold producer B2Gold Corp. (TSX: BTO) is projected to see sharp growth in gold production volumes and revenues in 2025 with its recent mine acquisition in Nunavut, Canada. Dive into the analysis: https://hubs.li/Q02tvc3S0

Namibia Critical Metals terminates transaction with Sylla Gold Corp Namibia Critical Metals Inc. has mutually terminated the share purchase agreement with Sylla Gold Corp. to divest four non-material gold properties in Namibia. This termination affects the previously announced transaction on March 19, 2024, which was updated on June 13, 2024. The decision to end the agreement suggests a change in strategy or market conditions for both companies. This development may impact Namibia Critical Metals' portfolio management and future plans for these gold properties. https://lnkd.in/dxMkjXPk

Our latest research on Steppe Gold Ltd reveals impressive Q3 results: 18% production growth at ATO #gold mine, surpassing forecasts by 7%. Fully funded for phase two expansion, aiming for 100+ Koz production by 2025. The Tres Cruces project (Peru) PEA confirms $159M AT-NPV5%. We maintain a positive outlook on gold prices amid expected Fed rate cuts. Read the full report for more details and future catalysts: https://lnkd.in/gfehbyjt *FRC provides issuer paid coverage. *Past performance is not indicative of future results. #SteppeGold #GoldMining #Q3Results #InvestmentInsights #MiningIndustry #GoldProduction #FinancialAnalysis #MarketOutlook #PreciousMetals #ExpansionPlans #Opportunity