MiningNewsBreaks Archive - Page 25 of 125

FridayMay 09, 2025 9:00 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Targets Gold Growth with Fox Complex Expansion, Reports Q1 Results

McEwen Mining (NYSE: MUX) (TSX: MUX) reported Q1 2025 results and outlined growth plans at its Fox Complex, targeting 60,000 ounces of annual gold production by 2027 and a potential expansion to 150,000 ounces by 2030, pending permits. Total annual output could rise to 225,000–255,000 gold equivalent ounces. Backing this plan, the company completed a $110 million convertible note financing. Q1 consolidated production totaled 24,131 GEOs, with improvements expected throughout the year to meet 2025 guidance of 120,000–140,000 GEOs. Gross profit rose to $10.1 million from $6.0 million in Q1 2024, driven by a 31% increase in average realized gold…

ThursdayMay 08, 2025 1:20 pm

MiningNewsBreaks – Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) Coverage Initiated with Outperform Rating, Target Set at C$0.70 / US$0.50

Nicola Mining (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) a junior exploration company with near-term cash flow and district-scale copper potential, has been initiated with an Outperform rating and a price target of C$0.70 (US$0.50). The coverage highlights Nicola’s diversified asset base, including its flagship New Craigmont Copper Project, the high-grade Treasure Mountain silver-lead-zinc mine, and a 75% economic interest in the Dominion Creek gold project. The company also owns 100% of the only mill in British Columbia permitted to receive and process third-party material, generating revenue through its Merritt Mill, sand/gravel pit, and rock quarry. This infrastructure provides cash flow…

ThursdayMay 08, 2025 11:45 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports High-Grade Drill Results at Grey Fox

McEwen Mining (NYSE: MUX) (TSX: MUX) announced standout drill results from its Fox Complex’s Grey Fox Project, including what the company described as some of the best intercepts yet from the Gibson zone. Highlights include 12.4 g/t gold over 10.7 meters and 4.0 g/t over 30.1 meters, the latter potentially indicating a broad mineralized zone. Drilling at Grey Fox South extended mineralization 250 meters below the existing resource base, while a separate intercept at the 147 Zone returned 48.5 g/t gold over 0.8 meters. A new exploration corridor and promising results near the Whiskey Jack Zone further support resource growth…

ThursdayMay 08, 2025 9:00 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) to Present at Metals Investor Forum in Vancouver on May 9

ESGold (CSE: ESAU) (OTCQB: ESAUF), a pre-production gold and silver company advancing its fully permitted Montauban Project in Quebec, will present at the Metals Investor Forum in Vancouver on May 9, 2025. The company was invited by Silver Stock Investor author Peter Krauth, who recognized ESGold as a high-potential junior nearing production. ESGold’s presentation, scheduled for 2:50 p.m. PST at the Rosewood Hotel Georgia, will include updates on construction progress and upcoming gold-silver production expected by year-end. To view the full press release, visit https://ibn.fm/diHOb About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource…

WednesdayMay 07, 2025 3:37 pm

MiningNewsBreaks – Why Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) Is ‘One to Watch’

Nicola Mining (TSX.V: NIM) (OTCQB: HUSIF), a junior resource company focused on monetizing high-grade mineral assets in British Columbia, is positioned for opportunity with a unique dual-pronged business model to generate revenue and long-term growth. It operates a fully owned, state-of-the-art gold and silver mill while also advancing exploration on 100%-owned copper, silver, and gold projects. This approach allows Nicola to fund ongoing development while minimizing equity dilution. A recent article discussing Nicola reads, “The company’s strategy centers on aligning infrastructure and permitting advantages with mineral-rich geology, positioning it to process its own, as well as third-party high-grade gold and…

WednesdayMay 07, 2025 11:47 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Issues RSUs to New Director, Reports Montauban Construction Progress

ESGold (CSE: ESAU) (OTCQB: ESAUF) a pre-production gold and silver company advancing its Montauban Project in Quebec, has issued 500,000 restricted share units ("RSUs") to new board member Peter Espig as part of its equity incentive plan. Espig brings deep experience in project finance and transitioning juniors to producers. The company also confirmed that construction at its Montauban processing site is progressing on schedule, with the delivery of Humphrey Spirals—key to the gravity recovery circuit—expected next week. ESGold targets production by year-end 2025. To view the full press release, visit https://ibn.fm/7HpGr About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE:…

FridayMay 02, 2025 3:02 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Unveils Significant Resource Estimate at Storm Copper Project

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a mineral exploration company focused on high-grade metals deposits, is emerging as a key player in the critical copper and silver sectors. The company recently announced its Initial Mineral Resource Estimate (“MRE”) for its Storm Copper Project on Somerset Island in Nunavut, Canada. With copper and silver playing vital roles in the global transition to clean energy and advanced technologies, the project’s substantial near-surface mineralization—8.2 million tonnes of indicated resources and 3.3 million tonnes of inferred resources—positions Aston Bay to capitalize on this growing demand. The project’s strategic importance cannot be overstated, particularly as…

ThursdayMay 01, 2025 12:52 pm

MiningNewsBreaks – LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) Initiates Bulk Sample Permitting at Swanson Gold Project Ahead of Beacon Mill Restart

LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0), has begun the permitting process to extract a 100,000-tonne surface bulk sample from its Swanson Gold Deposit in Quebec’s Abitibi Gold Belt. The mineralized material will be processed at LaFleur’s 100%-owned, fully permitted Beacon Gold Mill, located 50 km away. If deemed viable, the results will support a scoping study evaluating future production. The company aims to generate near-term cash flow while advancing exploration, with mill restart and gold production targeted by year-end 2025. Swanson currently hosts an indicated resource of 123,400 oz Au and inferred resource of 64,500 oz Au. To…

ThursdayMay 01, 2025 10:51 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Appoints Mining Executive Peter Espig to Board as Montauban Project Nears Production

ESGold (CSE: ESAU) (OTCQB: ESAUF) has appointed veteran mining executive and former global investment banker Peter Espig to its board of directors, as the company advances its fully permitted Montauban Gold-Silver Project in Quebec toward 2025 production. Espig brings decades of leadership across capital markets and mining operations, including a turnaround success as CEO of Nicola Mining. His appointment comes as ESGold focuses on production readiness, economic reassessment, 3D geological modeling and expanded exploration at Montauban. To view the full press release, visit https://ibn.fm/S8hV8 About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource company…

ThursdayMay 01, 2025 9:10 am

MiningNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Successfully Road-Tests Thermoelectric Generator Radiator

First Tellurium (CSE: FTEL) (OTCQB: FSTTF) announced that its majority-owned subsidiary, PyroDelta Energy, has completed over 800 miles of successful road testing for its thermoelectric generator/radiator, which uses tellurium to convert waste heat into electricity. The device, which replaces both the alternator and radiator in combustion engine vehicles, features no moving parts, improves fuel efficiency, and can be installed without modifying vehicle designs. CEO Tyrone Docherty said the results exceeded expectations, and Head Engineer Michael Abdelmaseh highlighted its adaptability for both new and existing vehicles. The company also noted potential applications in data centers and EVs. A shareholder luncheon will be…

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