MiningNewsBreaks Archive - Page 50 of 130

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…

TuesdayJul 30, 2024 2:18 pm

MiningNewsBreaks – Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Shares Progress on Its Iska Iska Silver-Tin Polymetallic Project in Southern Bolivia

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, today provided an update on its Iska Iska silver-tin polymetallic project in Potosi Department, southern Bolivia. According to the company, substantive progress has been made on the preliminary economic evaluation (“PEA”), which is focusing on the Ag-Zn-Pb-Sn mineralization. The preliminary optioneering study has shown that a 12 million tpa mining operation appears the most attractive option based upon XRT Ore Sorting and/or Dense Media Separation, which effectively doubles the grade feeding the milling…

MondayJul 29, 2024 10:43 am

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) Files Petition in BC Supreme Court Regarding Denial of Exploration Permit

Torr Metals (TSX.V: TMET), a mineral exploration company focusing on the identification, acquisition and advancement of mineral properties, is challenging the denial of an exploration permit for its Latham Copper Project. The company announced that it has initiated judicial review proceedings against the government of British Columbia (“BC”) in the BC Supreme Court. The Latham Copper Project is located in the province’s prolific Golden Triangle. According to the announcement, the company applied for an exploration permit in 2022 following early engagement with the Tahltan Nation, in which Torr Metals spent an estimated $2.84 million in exploration and community relations. The…

WednesdayJul 24, 2024 2:12 pm

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Provides Update on 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 an update on the flow rates and well perforations at the SASB gas field. According to the update, the well head pressure (“WHP”) at South Akcakoca-2 has stabilized at 371 psi, with the well recently producing 1.94 MMcf/d using 42/64” choke, while Guluc-2 is currently producing at 3.35 MMcf/d with a WHP of 484 psi using a 32/64” choke. At West Akcakoca-1, where only two of the five zones have been perforated, the…

WednesdayJul 24, 2024 11:42 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Release Update for Storm Project Drilling, Exploration

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada, along with its joint venture partner American West Metals Limited, is reporting on the status of drilling and exploration activities currently underway at the Storm Copper Project. The project is located on Somerset Island, Nunavut, and is being conducted by American West Metals Limited, which has formed a 20/80 unincorporated joint venture with Aston Bay on the project. Highlights of the update indicate that the excellent productivity for the 2024 summer drilling program is…

ThursdayJul 18, 2024 2:49 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Capitalizing on High-Potential Opportunities in Energy Sector

GEMXX (OTC: GEMZ), a publicly traded exploration company engaged in gold, gemstones, oil and gas, recently signed a definitive agreement with Latin Energy Partners (“LEP”) to drill four test wells in a promising geological formation in Latin America. “This strategic venture represents a significant milestone in GEMXX’s expansion into the energy sector, highlighting the company’s dedication to diversification, growth and enhancing shareholder value. Latin Energy Partners is a rising independent exploration and production company focused on discovering substantial hydrocarbon reserves in Latin America, an area with significant untapped potential… The drilling of the four test wells is set to begin…

ThursdayJul 18, 2024 10:29 am

MiningNewsBreaks – Fathom Nickel Inc.’s (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) New, High-Quality Data Continues to Demonstrate Presence of Significant Magmatic Ni-Cu-Co Deposit at Gochager

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), focused on the exploration for nickel, cobalt and copper in north-central Saskatchewan, has provided the preliminary results from the field exploration program at its 22,000+ ha Gochager Lake Property. The program comprised mapping, prospecting, detailed soil geochemistry analysis and detailed in-field core analysis. Key highlights include the existence of good outcrop exposure within the mapped area, providing the opportunity to collect 50 outcrop samples for whole rock and geochemical analysis and 554 chip samples for pXRF scanning; mineralization of up to 20,647ppm Ni (2.06% Ni), 6,922ppm Cu and 1,295ppm Co, which was noted…

TuesdayJul 16, 2024 3:40 pm

MiningNewsBreaks – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Reports on Plans to Explore Eastern Extent at Duquesne West Gold Project

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH), an advanced-stage, gold-exploration company focused on proving and developing the substantial resource potential of its flagship Duquesne West Gold Project, announced that it is exploring the eastern portion of the project. According to the announcement, that exploration includes a “conceptual open pit model toward the Nip Zone, focusing on untested potentially high-grade gold targets after completing 30% (2,500 meters) of the ongoing 8,000-meter drill program at the Duquesne West Gold Project.” The company reported robust thickness of high-grade gold intercepts at the Nip Zone, making the area a top priority for exploration. Noting that…

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