News Archives - Page 9 of 70

FridayOct 04, 2024 3:57 pm

MiningNewsBreaks – Gatos Silver Inc. (NYSE: GATO) Releases Q3 LGJV Exploration Results, Notes ‘Early Positive Results’

Gatos Silver (NYSE: GATO), a silver-dominant exploration, development and production company, is reporting an update on its drilling and exploration programs in the Mexico-based Los Gatos District (“LGD”) . The company is 70% owner of the Los Gatos Joint Venture (“LGJV”). The update notes early positive results, such as mineralized intercepts on the Central Deeps target; the potential for a further extension of the South-East Deeps zone at the Cerro Los Gatos (“CLG”) Mine; and key developments in the ongoing regional exploration program. “The exploration results this quarter continue to demonstrate further life-extension potential at CLG beyond the recently announced…

FridayOct 04, 2024 12:56 pm

MiningNewsBreaks – First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) to Acquire Gatos Silver Inc. (NYSE: GATO) (TSX: GATO) in $970M Deal

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) in early September announced an agreement to acquire all outstanding shares of Gatos Silver Inc. (NYSE: GATO) (TSX: GATO) in a transaction valued at approximately $970 million. Gatos shareholders will receive 2.550 common shares of First Majestic for each Gatos share, representing a 16% premium based on recent stock prices. The deal consolidates major silver-producing assets in Mexico, including the Cerro Los Gatos mine, enhancing First Majestic’s production capabilities. The merger is expected to close in early 2025, subject to regulatory approvals and shareholder votes. To view the full press…

ThursdayOct 03, 2024 11:05 am

MiningNewsBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Featured in Latest Episode of The MiningNewsWire Podcast

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR), an active mineral exploration company engaged in the exploration and development of wholly owned multi-commodity mineral properties in Canada, is featured in the latest episode of The MiningNewsWire Podcast, a part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. During the interview, Nicole Brewster, President and CEO of Renforth, provided an overview of the company’s business model, her background in the mining industry and those of the Renforth team, and the company’s recent milestones and operational goals for the balance of 2024 and beyond. “Renforth is a…

TuesdayOct 01, 2024 2:06 pm

MiningNewsBreaks – Dynasty Gold Corp. (TSX.V: DYG) (FSE: D5G1) (OTC: DGDCF) Commences Phase Two of 2024 Exploration Program at Thundercloud Property

Dynasty Gold (TSX.V: DYG) (FSE: D5G1) (OTC: DGDCF), a Canadian mineral exploration company, today announced the commencement of phase two of its 2024 exploration program. According to the announcement, the company’s crew has already arrived at its Thundercloud property in northwestern Ontario. Ivy Chong, President and CEO of Dynasty Gold, noted that recently released drill results, which confirmed grades of up to 24.53 g/t gold within a broad zone of mineralization at Pelham, demonstrate the continuity of high-grade gold discovered in 2022 and 2023. “With additional drilling this fall and into next year, and gold trading above $2,600 an ounce,…

TuesdayOct 01, 2024 11:25 am

MiningNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) Shares Additional Information from 3D DC-Resistivity and Induced Polarization Survey at Deer Horn Property

First Tellurium (CSE: FTEL) (OTC: FSTTF) today announced the receipt of additional data from the 3D DC-resistivity and induced polarization (“IP”) survey at its Deer Horn property in British Columbia. According to the information provided by the company’s Qualified Person (“QP”) and consulting geologist Dr. Lee Groat, the resistivity model within the survey area was dominated by a low resistivity (increased conductivity) zone on the east side of the survey area. This data shows that the zone extends about 1200 meters from south to north, about 500 meters from east to west, and is approximately 300 meters thick. The announcement…

TuesdayOct 01, 2024 11:16 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports Voting Results from Annual Shareholder Meeting

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, is reporting the results of voting held during its annual and special meeting of shareholders; the meeting was held on Sept. 30, 2024. According to the report, a total of 32,499,132 common shares representing 40.475% of the company`s issued and outstanding common shares were voted. Agenda items voted on during the meeting included the election of seven director nominees, setting the number of directors at seven, the reappointment of RSM Canada LLP as the company auditors, and the issuance of certain common shares in connection…

FridaySep 27, 2024 11:00 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Hit Long Intervals of High-Grade Copper in Latest Batch of Drill Holes at Storm Project

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada, and Virginia, USA, today provided an update on an exploration program conducted by American West Metals Limited at the Storm Copper Project in Nunavut. According to the update, assay results from the latest batch of drill holes continue to show the expansion and upgrade potential of the Cyclone Deposit. They also confirm very thick and high-grade intersections of copper within and outside of currently known mineralization zones. Drill hole SR24-093 intersected 53m of strong chalcolite mineralization (53.3m @ 3.9%…

FridaySep 20, 2024 3:36 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Featured by Rocks And Stocks

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer in the Americas with a large exposure to copper through its McEwen Copper subsidiary, continues to capture attention throughout the mining space. Allan Barry Laboucan, founder of Rock And Stocks, covered the company in a recent video report posted on YouTube. “This report opens on the action in gold trading, followed by a deep dive into the gold exploration potential at McEwen Mining,” he wrote to his subscribers. “Hidden in plain sight for anybody to see is the spectacular exploration potential at McEwen Mining's gold mining…

WednesdaySep 18, 2024 1:33 pm

MiningNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Subsidiary Eyeing Production of Thermoelectric Generator to Replace, Improve On Vehicle Alternators

First Tellurium (CSE: FTEL) (OTCQB: FSTTF) and its majority-owned subsidiary have announced an initiative to build and install a demonstration thermoelectric generator designed to replace vehicle alternators, increase efficiency for combustion engines and help electric vehicles generate more power. According to the announcement, PyroDelta Energy has been working on the thermoelectric generator for eight years; the company has reached the point where it is looking for a facility to assemble the device, retrofit it into a car and demonstrate its functionality. PyroDelta is also exploring other significant target markets, such as solar panels, drones and greenhouses, where the device could be used…

TuesdaySep 17, 2024 3:26 pm

MiningNewsBreaks – Viper Energy Inc. (NYSE: VNOM) Reports on $488M Underwritten Public Offering

Viper Energy (NASDAQ: VNOM), a company that owns and acquires mineral and royalty interests in oil and natural gas properties, has released the pricing of an underwritten public offering. The offering is comprised of 10,000,000 shares of its class A common stock, offered at $42.50 per share. According to the announcement, the offering, which closed on Sept. 13, 2024, represents a 1,500,000 share upsize to the originally proposed 8,500,000 share offering. In addition, Viper granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of class A common stock; that option was exercised. Total gross proceeds…

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