This week, we announced that Triple Flag has entered into definite agreements for the acquisition of 3% gold streams on each of the Agbaou and Bonikro mines operated by Allied Gold Corporation for a total cash consideration of US$53 million. The Agbaou and Bonikro producing gold mines are located in Côte d’Ivoire within the Birimian Greenstone Belt, approximately 20 kilometers apart, and operated as a single complex. On a combined basis, Allied is targeting a production rate of 180 to 200 thousand ounces per annum and a greater than 10-year mine life from the complex, driven by an extensive exploration program. Commenting on the acquisition, our Founder and CEO Shaun Usmar said: “The acquisition of new 3% gold streams on each of the Agbaou and Bonikro mines adds immediate cash flow to Triple Flag from two producing assets, with an operator that has already created significant value at these operations from exploration initiatives. We fully expect this exploration track record to continue and see significant upside potential for further growth in reserves and resources.” Learn more below, or via: https://lnkd.in/e3M-cAXk #TFPM #Mining #Gold
Triple Flag Precious Metals’ Post
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Kobo Resources' President and COO, Paul Sarjeant, recently participated in the Grizzle's Fall 2024 #Gold & Silver Roundtable, discussing the advantages of exploring for gold in Côte d'Ivoire. ⛏️ In Côte d'Ivoire since 2014, Kobo had an operating advantage and was an early mover in an underexplored region with high potential 🎯 Nearly 1,200 km² of key target rocks, including the #KossouGoldProject, with logistical benefits from being just 30 km from the capital and next to an operating gold mine ⏱️ Fast 3-4 day assay turnaround times and competitive CAD $225/m drilling costs allow for efficient exploration ✅ Kobo is well-positioned to capitalize on logistical advantages and growing exploration opportunities Watch the first interview of this series below: TSXV:KRI #Gold #Mining #Exploration #CotedIvoire #JuniorMining
The Upside of Exploring for Gold (Part 1) - Kobo Resources Inc.
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📢 𝐆 𝐌𝐢𝐧𝐢𝐧𝐠 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬 𝐭𝐨 𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐭𝐡𝐞 𝐂𝐞𝐧𝐭𝐫𝐨𝐆𝐨𝐥𝐝 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐟𝐫𝐨𝐦 𝐁𝐇𝐏 📢 G Mining Ventures Corp. is pleased to announce a landmark agreement to acquire the CentroGold Project from BHP, marking a highly accretive step in GMIN’s strategic expansion. The CentroGold Project, located in northern Brazil’s prolific Gurupi Gold Belt, hosts impressive JORC-compliant gold resources of 1.7 million indicated and 0.6 million inferred gold ounces with substantial potential for resource expansion. This transaction adds a district-scale land package of ~1,900 km², comprising 47 tenements with multiple high-potential gold targets along an 80 km mineralized trend, including the Blanket, Contact, and Chega Tudo open-pit deposits. CentroGold is poised to support long-term growth following the ramp-up of the Tocantinzinho Gold Mine and the development of the Oko West Project in Guyana. Key Details of the Acquisition: 🎯 No upfront cost: This accretive transaction is structured to align with GMIN’s disciplined capital allocation strategy. 🎯 Exploration potential: The project remains open for expansion both laterally and at depth, providing significant upside opportunities. 🎯 Strategic value: The acquisition strengthens GMIN’s robust project pipeline and is expected to contribute to future production growth and shareholder value. This acquisition reinforces GMIN’s commitment to building a diversified portfolio of high-quality gold assets with a focus on long-term value creation. CentroGold complements the Company’s strategy of developing cash-generating operations and high-growth projects in mining-friendly jurisdictions. For more information, please visit gmin.gold #gminingventures #mining #gold #goldmining #naturalresourceinvesting #capitalprojects #gmin #gminf
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#ASXNews NickelSearch Limited is pleased to present the 2024 Annual Report to shareholders. The 2024 financial year was eventful for #NIS at both a project and corporate level, as the Company continued targeted exploration at its flagship Carlingup Project, near Ravensthorpe in Western Australia. After the reporting period, #NIS announced a transformational #acquisition for diversification into critical commodities in the Mt Isa region, Queensland, complementing the existing battery metal exposure. The Mt Isa region is a prolific, well-endowed mining location with extensive mine and processing infrastructure. The acquisition provides important optionality to the NIS portfolio, broadening the Company’s strategy to include copper and uranium exposure with proven prospectivity, drill ready targets and near-term resource potential. VIEW the full Annual Report https://loom.ly/KeECTMI #Mining #AnnualReport #Shareholders #BatteryMetal
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Aruma Resources Ltd (ASX:AAJ) have announced the completion of the acquisition of the Wilan IOCG-Uranium Project, the Fiery Creek Copper Project, and the Bortala Copper Project. The copper and uranium projects are located in tier-1 mineral precincts in South Australia and Queensland, and present a great opportunity given the recent growth and bullish outlook on these commodities. "We are excited about the company-changing potential of this acquisition. In seeking to expand our asset portfolio we have assessed a number of projects against key criteria designed to drive market support for the company and value accretion for shareholders. "We see the combination of quality exploration asset portfolio in high-demand commodities, located in active tier-1 mineral belts in progressive mining jurisdictions as the clear right-fit for Aruma Resources." - Aruma Resources Managing Director Glenn Grayson #ASX #ASXNews #Investing #Mining #Copper #Uranium Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gRJGCmKA
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**Alamos Gold Inc. seals $325m Argonaut Gold Inc. takeover deal** - Alamos Gold is acquiring Argonaut Gold for $325m (C$441.9m), consolidating two significant mining operations in Ontario, Canada. - The deal includes Argonaut's #Magino mine, adjacent to Alamos' Island Gold mine, positioning Alamos as proprietor of one of Canada's largest and most cost-efficient gold mines. - The combined operations are expected to unlock substantial value through shared infrastructure, with projected synergies of around $515m. - Upon completion, Alamos Gold's production is set to surpass 600,000oz of gold annually, with potential to exceed 900,000oz long term. - In conjunction with the acquisition, Argonaut's US and Mexico assets will form a new junior gold producer, #SpinCo, with Alamos issuing around 20.3 million common shares as part of the transaction. #mines #mining #rawmaterials #decarbonisation #mineralexploration
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Perseus Mining Limited (ASX:PRU, TSX:PRU, OTC:PMNXF) has increased its holding of takeover target OreCorp Limited to 74.98% after previous bidder Silvercorp Metals Inc. (TSX:SVM, AMEX:SVM) decided to accept the Perseus offer. Silvercorp’s acceptance was for a total of 73,889,007 OreCorp shares, which represented 15.61% of the OreCorp shares on issue. Perseus has made an off-market takeover bid under Chapter 6 of the Corporations Act for all the current and to be issued ordinary shares in OreCorp Ltd at $0.575 per share. As at April 9, 2024, Perseus had a relevant interest in 354,982,123 OreCorp shares representing 74.98%. More at #Proactive #ProactiveInvestors #ASX #TSX #OTC #PRU #PMNXF #Gold #GoldMining #GoldStocks #GoldProduction #Acquisition http://ow.ly/6WjX105p231
Perseus Mining lifts OreCorp stake to 74.98% after Silvercorp accepts offer
proactiveinvestors.com.au
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We are pleased to share our 2024 Annual Report, which highlights a year of significant milestones and strategic progress. In his message to shareholders, our Chair, Stephen Power, outlines how Antipa has capitalised on the favourable market conditions for gold and copper exploration and development, advancing our position in the highly prospective Paterson Province. Our flagship Minyari Dome Project has made substantial progress, with an updated Mineral Resource Estimate and a Scoping Study expected soon. The recent sale of Newmont’s Telfer gold-copper-silver mine and its 22Mtpa mineral processing facility, along with its stake in the Havieron project, has only intensified investment interest in the Paterson Province, presenting exciting opportunities for Antipa. Moreover, Antipa successfully completed the sale of its 32% interest in the Citadel Joint Venture to Rio Tinto for A$17 million, boosting our cash reserves to A$23 million. This enhanced financial position ensures we are well-placed to accelerate the exploration and development of our key assets. We invite our shareholders and stakeholders to explore the full Annual Report and discover how Antipa is advancing its world-class gold and copper projects. Read the full report here: https://bit.ly/3XZyR4w #AntipaMinerals #AZY #Gold #Copper #Mining #WesternAustralia #ASX
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Words from our CEO: Goldshore Resources is advancing the Moss Gold Project with a strong focus on unlocking its full potential. CEO and Director Michael Henrichsen shares his confidence in the growth opportunities at Moss, highlighting the potential for higher-grade starter pits that are expected to be outlined in the upcoming Preliminary Economic Assessment (PEA). Under Henrichsen's leadership, we are committed to a strategic, data-driven approach that continues to push the boundaries of exploration and development. The progress we’ve made is a testament to our robust Mineral Resource Estimate (MRE), our unwavering focus on sustainable resource management, and the visionary execution that drives us forward. Goldshore Resources is resolutely committed to optimizing the economic potential of our projects, while steadfastly adhering to the highest standards of industry excellence and integrity. Discover more about our innovative projects and stay updated on our latest developments: https://lnkd.in/dw3ijC8n #Goldshore #GoldMining #Mining #JuniorMining #GoldExploration $GSHR $GSHRF
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🔔 Adelong Gold Ltd (ASX:ADG) has entered into a binding farm-in agreement with Great Divide Mining Ltd (ASX:GDM) for a staged acquisition of a 51% interest in the Adelong Gold Project, located in southern New South Wales. This agreement, fully supported by Adelong Gold's board, positions both companies to resume gold production within 12 months, targeting the first gold pour by leveraging GDM’s operational expertise and infrastructure. Link to release 🔗 https://bit.ly/4eV9DdE Adelong Gold Managing Director Ian Holland commented: “We are excited to partner with Great Divide Mining, and the experience that Evan and Paul Ryan bring will be essential in ensuring the success of this project. Their proven track record in mine management and their access to critical equipment gives us the confidence they will meet the ambitious targets. With the potential to turn Adelong into a significant regional base for gold production, this partnership represents a major step forward in our growth strategy.” #gold #mining #goldmining #investor #investing #miningnews
ASX:ADG Adelong Gold Partners With GDM Targeting First Gold Pour Within 12 Months
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"China-based Yintai Gold has reached an agreement with Canadian gold exploration company Osino Resources to acquire all outstanding Osino common shares in a deal valued at around C$368m ($272.35m), or C$1.90 per share. This will result in Yintai owning Osino’s gold assets in Namibia, including the Twin Hills Gold Project." China is augmenting its gold reserves through substantial acquisitions of thie precious metal. Concurrently, the nation is strategically investing in junior and emerging gold mining companies, consolidating its role as a pivotal player within the gold industry while securing assured access to forthcoming gold reserves. Expect more Chinese investments in gold. #China #Yintaigold #OsinoResources #Gold #Mining #canada #Exploration
Yintai Gold signs $272m deal to acquire Osino Resources
mining-technology.com
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