Wayne Gibbons’ Post

New buyers offer N$5bn for Osino Resources, surpassing Dundee's N$4bn offer Osino Resources Corp. Resources Corp (Osino) says it has received a compelling proposal from an unnamed foreign mining company, surpassing Dundee Precious Metals' offer by over N$1 billion. Under the new proposal, Osino shareholders would receive C$1.90 for each common share, valuing the company at approximately N$5 billion (C$368 million). The development comes in the wake of Dundee Precious Metals Inc. (DPM)'s December definitive agreement to acquire Osino Resources for N$4 billion. DPM had offered C$0.775 in cash per Osino share along with 0.0801 of a DPM common share, implying a value of C$1.55 per Osino share and a total equity value of N$4 billion (C$287 million). Meanwhile, the premium offered by the new proposal, approximately 32% higher than the implied value of the consideration in the DPM Arrangement Agreement, underscores the enhanced value proposition presented by the foreign-based mining company. "Based on the closing price of the DPM common shares on the Toronto Stock Exchange as of February 16, 2024, the superior proposal represents a premium of approximately 32% to the implied value of the consideration offered pursuant to the DPM Arrangement Agreement and approximately 68% premium to the unaffected share price one trading day prior to the announcement of the DPM Arrangement Agreement," said Osino's President and CEO Heye Daun. https://lnkd.in/dh3TtTqq #namibia #goldmine #gold #mine #acqusition #investment Chamber of Mines Namibia Namibia Investment Promotion and Development Board (NIPDB) Tom Alweendo

New mining leases have been granted to Alto Metals Ltd (ASX:AME) over the Bull Oak and Indomitable camps at the Sandstone Gold Project in Western Australia. The granting of these leases by the WA Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) bolsters Alto’s resource base and supports continued exploration and development at the project. The leases, M57/663 and M57/665, consolidate existing resources and historical workings, further de-risking the project and providing flexibility for future mining operations. Indomitable camp contains an indicated and inferred mineral resource of 210,000 ounces at 1.2 g/t gold, while Bull Oak hosts an inferred mineral resource of 65,000 ounces at 1.1 g/t gold. More at #Proactive #ProactiveInvestors #ASX #AME http://ow.ly/a7pr105C2jw

Read the recent Resource World Magazine Inc. article on Omai Gold Mines | TSXV: OMG | OTCQB: OMGGF . The article reported that the company was granted a new Prospecting Licence and has started discussions with Guyanese officials to pursue a mining license for the Omai Gold property. The article also discusses Omai's recently released Preliminary Economic Assessment (PEA) for the Wenot deposit, projecting an open-pit operation that could produce 1.84 million ounces of gold over 13 years. With resources currently estimated at 2.0 million ounces Indicated and 2.3 million ounces Inferred, Omai is a brownfields project, having been the largest gold mine in the Guiana Shield until 2005. In addition, the article covers the recent hire of Marcel Cameron, appointed as the Country Manager for Guyana, and tasked with advancing the project's development and overseeing community engagement. $OMG.V $OMGGF #Omai #OmaiGoldMines #Gold #Guyana #Geology #Mining #PreciousMetals #JuniorMining #MiningStocks  #Finance #Investing #Invest #Stocks #StocksToWatch   https://lnkd.in/gGh_Y5vr

It’s been a long time since a copper and gold mine has opened in Wyoming. The state, renowned for its diverse mineral deposits and unique geology, plays a vital role in supplying raw materials for various industries and energy development. In a nod to the historical Gold Rush era, small miners continue to stake claims on public lands in search of precious minerals, adding a modern chapter to the state’s mining legacy. Just outside of the state’s capitol, Cheyenne, work is progressing on what could be the state’s first copper and gold mine in decades. The CK gold project is a large-tonnage, gold-copper deposit featuring some of the best grade mineralization right at surface and a surrounding extensive lower-grade zone with potential for resource expansion. Discovered in 1881, the deposit underwent limited mining but gained attention through various exploration phases. In 2014, U.S. Gold Corp. (NASDAQ:USAU) acquired the project from Energy Fuels and started drilling in 2017. Until 2019, the firm was focused on its exploration assets in Nevada, and with investor reluctance to fund exploration around that time, the executive team was looking at monetizing CK. Co-founder and executive chairman Luke Norman figured he would run the project by his friend George Bee, a long-time mining and development veteran with experience turning some of Barrick’s projects into operating mines. When Bee took a closer look, he saw a straightforward project, particularly in terms of the simple open-pit mining and copper and gold recovery. https://lnkd.in/gVbr5Guk #mining #invest #stock #discovery #copper #gold #USA #mineralexploration

🔔 Equinox Pours First Gold at Greenstone Mine in Ontario 🔔 🌟 A Milestone for Gold Mining in Canada 🌟 Equinox Gold (TSX: EQX) has poured the first gold at its new Greenstone mine near Geraldton, Ontario, producing 1,800 ounces. Greg Smith, Equinox's CEO, commented: "We look forward to ramping up to commercial production in the third quarter of this year and delivering sustained value to all our stakeholders." The Greenstone mine aims to reach 90% of its plant's 27,000 tonnes per day capacity by the end of 2024. Production in 2025 is expected to be 199,000 ounces at a cost of $879/oz in the second half of the year. At full capacity, the mine will produce approximately 400,000 ounces annually during its first five years and 360,000 ounces annually over the 14-year life of the mine. In April, Equinox acquired the remaining 40% of the mine from Orion Mine Finance for approximately C$1.4 billion ($995 million) in cash and shares. https://lnkd.in/eQAxqTA8 What do you think the successful pouring of the first gold at Greenstone Mine signifies for the future of gold mining in Canada and its impact on local communities? #Lithium#gold #paneldiscussion #criticalminerals #evcharging #energytransition #cobalt #nickel #graphite #ESG #mining#Mining #Digitalization #SustainableEnergy #TalentManagement #Efficiency

Euro Sun Mining Agreement with Glecore International AG. ESM is thrilled to announce a binding Memorandum of Understanding (MOU) with Glencore International AG. This agreement grants Glencore the right of first refusal for the offtake of all future concentrate from our flagship Rovina Valley Project in Romania. This step signifies not only another key milestone for Euro Sun Mining, but also growing international interest in this responsible copper project, critical to Europe's copper security. Mr Grant Sboros, our CEO, shared, "We are delighted to announce this offtake concentrate agreement with one of the world's leading mining companies. This MOU underscores the growing international interest in our project and secures future concentrate sales for Euro Sun upon commencement of production. The Rovina Valley Project represents a significant investment that will benefit Romania, contributing to raw material security in Europe." https://lnkd.in/e--TsmGm #EuroSunMining #Glencore #Copper #CRMA #Energytransition #Romania #SustainableInvestment

🚨 Canadian 🇨🇦 Mining ⛏️ News 🚨 Avante Mining Corp. (TSXV: AVA) Closes Option Agreement to Acquire Pipestone South Property Adrian Smith, CEO of Avante comments, “We are pleased to continue to increase our land position in this highly prospective belt of nickel bearing ultramafic rocks. We have initiated a regional compilation program to take advantage of exploration work previously completed in the region primarily for copper gold and chromium which overlooked the significant bulk tonnage nickel potential identified by Cliffs Natural Resources Canada in 2012. Currently, deposits occurring in similar geology and being advanced by companies such as FPX Nickel Corp. and Canada Nickel Company Inc. are being recognized by major battery manufacturers, steel makers, and governments who recognize the potential for long-term, stable, and clean source of nickel.” 📈 TSX-V: AVA - OTC: ACPRF 📈 #Nickel #Mining #Exploration #Newfoundland #Labrador #Canada #Nickelmining #Basemetals #CriticalMinerals #BatteryMetals #Miningstocks #Nickelstocks #Stockstowatch #Smallcapstocks #Stockmarketinvesting #Investments #Investors #Nickelinvestment #tsxv #stocks #Resource #Investing #Juniormining Follow the link to learn more https://lnkd.in/g7erbBgR

Osino Resources receives new N$5bn offer, exceeding Dundee's N$4bn bid Osino Resources Corp. Resources Corp (Osino) says it has received a compelling proposal from an unnamed foreign mining company, surpassing Dundee Precious Metals' offer by over N$1 billion.   Under the new proposal, Osino shareholders would receive C$1.90 for each common share, valuing the company at approximately N$5 billion (C$368 million). The development comes in the wake of Dundee Precious Metals Inc. (DPM)'s December definitive agreement to acquire Osino Resources for N$4 billion. DPM had offered C$0.775 in cash per Osino share along with 0.0801 of a DPM common share, implying a value of C$1.55 per Osino share and a total equity value of N$4 billion (C$287 million). Meanwhile, the premium offered by the new proposal, approximately 32% higher than the implied value of the consideration in the DPM Arrangement Agreement, underscores the enhanced value proposition presented by the foreign-based mining company. "Based on the closing price of the DPM common shares on the Toronto Stock Exchange as of February 16, 2024, the superior proposal represents a premium of approximately 32% to the implied value of the consideration offered pursuant to the DPM Arrangement Agreement and approximately 68% premium to the unaffected share price one trading day prior to the announcement of the DPM Arrangement Agreement," said Osino's President and CEO Heye Daun. https://lnkd.in/dMuWknW9 #namibia #gold #twinhills #mine #investment Namibia Investment Promotion and Development Board (NIPDB) Chamber of Mines Namibia

It’s been a long time since a copper and gold mine has opened in Wyoming. The state, renowned for its diverse mineral deposits and unique geology, plays a vital role in supplying raw materials for various industries and energy development. In a nod to the historical Gold Rush era, small miners continue to stake claims on public lands in search of precious minerals, adding a modern chapter to the state’s mining legacy. Just outside of the state’s capitol, Cheyenne, work is progressing on what could be the state’s first copper and gold mine in decades. The CK gold project is a large-tonnage, gold-copper deposit featuring some of the best grade mineralization right at surface and a surrounding extensive lower-grade zone with potential for resource expansion. Discovered in 1881, the deposit underwent limited mining but gained attention through various exploration phases. In 2014, U.S. Gold Corp. (NASDAQ:USAU) acquired the project from Energy Fuels and started drilling in 2017. Until 2019, the firm was focused on its exploration assets in Nevada, and with investor reluctance to fund exploration around that time, the executive team was looking at monetizing CK. Co-founder and executive chairman Luke Norman figured he would run the project by his friend George Bee, a long-time mining and development veteran with experience turning some of Barrick’s projects into operating mines. When Bee took a closer look, he saw a straightforward project, particularly in terms of the simple open-pit mining and copper and gold recovery. https://lnkd.in/gDUtqzDT #mining #invest #stock #discovery #copper #gold #USA #mineralexploration

Orezone secures $105 million funding for Bomboré mine expansion Orezone Gold (TSX: ORE) has secured $105 million in funding commitments for the second-phased expansion of its flagship Bomboré gold mine in Burkina Faso, which achieved commercial production in late 2022. The funding comprises a $58 million three-year loan from Coris Bank International, its current senior lender, and a $47 million private placement with Nioko Resources, a strategic investor in the company, who will purchase approximately 92.7 million shares of Orezone at C$0.70 each. By 11:00 a.m. ET, Orezone Gold’s stock traded at C$0.68 apiece on the TSX, for an intraday gain of 3.0%. Its market capitalization is estimated at C$249.8 million ($183.5 million). With this financing, the Canadian gold miner said the Phase II hard rock expansion at Bomboré is now fully funded, and its construction has been approved by its board of directors. The Bomboré mine is currently producing from the Phase I oxide plant at an above-nameplate capacity of 5.9 million tonnes per annum (Mtpa). In October 2023, Orezone released a feasibility study for an expansion that incorporates a 4.4 Mtpa hard-rock plant to boost the total processing rate of 10.3 Mtpa. The new standalone processing facility will enable Bomboré to produce significantly more gold at a lower incremental capital cost. The company estimates that its annual gold production will increase to over 170,000 oz. in 2026, an approximate 50% increase from current levels. For additional reading, please see https://lnkd.in/dBNfDs4z #cowaninternational #recruitment #mining #gateway4opportunity