News Archives - Page 30 of 88

TuesdayAug 20, 2024 10:38 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes on Acquisition of Timberline Resources

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, has closed on the acquisition of the Timberline Resources Corporation (TSX.V: TBR) (OTCQB: TLRS). The transaction, which was overwhelmingly approved by Timberline shareholders during an Aug. 16, 2024, special meeting, involved the acquisition of all issued and outstanding common shares of Timberline through a merger between Timberline and a wholly owned subsidiary of McEwen Mining. “We are pleased to bring Timberline’s assets into McEwen Mining and offer a warm welcome to its shareowners,” said McEwen Mining chair and chief owner Rob McEwen…

ThursdayAug 15, 2024 1:53 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Report ‘Excellent Results’ from Ongoing Drilling 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, and American West Metals Limited today provided an update on drilling activities at the Storm Copper Project on Somerset Island, Nunavut. According to the update, the resource delineation program is on track with multiple high-grade copper intervals confirmed by assays at the Cyclone and Chinook Deposits. Additionally, the drill program continues to achieve milestones; a total of 100 Reverse Circulation (“RC”) drill holes and 12 diamond drill holes totaling over 15,500 meters have been completed at…

WednesdayAug 14, 2024 11:20 am

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Provides Production Update for SASB Gas Field

Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye, today provided a production update for the SASB gas field. According to the update, successful production and completion of 4 workovers at Guluc-2, South Akcakoca-2, West Akcakoca-1, and Akcakoca-3 wells on the Akcakoca Platform marks a major milestone in the company’s strategic perforation program, increasing gas production capacity at the Black Sea asset. Gas production from the Akcakoca Platform has averaged 4.6 MMcf/d since the perforation program concluded. The update noted that the SASB revitalization…

WednesdayAug 14, 2024 11:02 am

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) Appoints Global Mining Sector Veteran to the Board of Directors

Torr Metals (TSX.V: TMET), a Vancouver-based mineral exploration company, today announced the appointment of Mr. Gordon Maxwell, P.Geo, as a new member of its Board of Directors. Gordon is a highly distinguished B.Sc. Hon. Geologist from the University of Manitoba with nearly four decades of experience across the global mining sector, holding significant leadership roles at Noranda Exploration, Xstrata, and Glencore. In addition, his contributions to the Canadian mining industry have earned him prestigious industry accolades. “We are thrilled to welcome Gordon to Torr Metals. With his wealth of knowledge in the regions and mineralizing systems central to our project,…

TuesdayAug 13, 2024 2:53 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Confirmation of Potential Commercial Grade Direct Shipping Products at Storm

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 confirmed potential commercial grade Direct Shipping Products (“DSPs”) at the Storm Project on Somerset Island, Nunavut. This followed a successful metallurgical study and test work program, with DSP processing test work completed on each of the Cyclone and Chinook Deposits. American West Metals Limited is conducting the studies and exploration program. According to the announcement, this test work confirmed that the Cyclone and Chinook copper mineralization is amenable to upgrading and that high recoveries can…

FridayAug 09, 2024 1:27 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Comments on Argentine Legislation, Mining Transaction and Los Azules Infill Drilling

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is sharing updates regarding the current mining situation in Argentina. Calling the situation “exciting,” MUX noted that Argentine president Javier Milei had introduced new legislation encouraging large domestic and foreign investments in the country. The company observed that it is excited about the legislation because it opens the door for many infrastructure investments in the country and has potential to significantly improve the economics of the Los Azules project while lowering risks for investors. The company also noted that the world’s…

ThursdayAug 08, 2024 12:09 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Q2, H1 2024 Financial Results Report

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on its second-quarter and half-year 2024 results for the period ended June 30, 2024. The report showed stronger financial results, improved liquidity and capital resource, and steady gold and silver production. The company will be hosting a conference call and webcast today to discuss the report. The call is slated to begin at 11 a.m. EDT. The call will also include time for questions and answers, with those on the call able to ask questions directly over the phone.…

WednesdayAug 07, 2024 12:45 pm

MiningNewsBreaks – Independence Contract Drilling Inc. (NYSE: ICD) Releases Q2 2024 Financial Results

Independence Contract Drilling (NYSE: ICD), a company that provides land-based contract drilling services for oil and natural-gas producers in the United States, is reporting its Q2 2024 financial results for the three-month period ended June 30, 2024. Notable numbers from the report include a net loss of $16.7 million, or $1.15 per share, with adjusted net loss of $10.6 million, or $0.73 per share. Adjusted EBITDA totaled $8.5 million, representing a 28% sequential decrease, with adjusted net debt of $196.7 million, which was a 3% sequential increase. The company also reported that 14.5 average rigs working during the quarter, which was a 4% sequential decrease, with a fully…

TuesdayAug 06, 2024 1:03 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Schedules Conference Call to Discuss Q2 2024 Results

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is announcing the date for its upcoming conference call and webcast. The call is slated to begin at 11 a.m. EDT on Aug. 8, 2024. During the call, management will discuss the company’s second-quarter 2024 financial results as well as project developments. The call will also include time for questions and answers, with those on the call able to ask questions directly over the phone. Those wanting to participate can dial (888) 210-3454 toll free in North American, then use…

TuesdayJul 30, 2024 3:10 pm

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) Reports on SASB West Akcakoca-1 Well Perforations, Releases Production Update

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), a company focused on oil and natural-gas production for Europe and Türkiye, has released an update on perforations of the West Akcakoca-1 well at the SASB gas field and a progress update. The gas field is located in the southwestern Black Sea. According to the update, the remaining three perforation intervals at the West Akcakoca-1 well have been perforated, and the perforation program is now complete. Results for the program indicate that the initial two perforated zones consisting of five meters of gas pay increased the well head pressure (“WHP”) from 1150…

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