Gold mining in Alaska

Hecla Reports 22% Higher Silver and 4% Higher Gold Production, Lower Debt, Growing Cash Balances

Tuesday, January 7, 2020 - 10:30am

Silver production of 12.6 million ounces, an increase of 22% and gold production of 272,873 ounces, an increase of 4%.

Key Points: 
  • Silver production of 12.6 million ounces, an increase of 22% and gold production of 272,873 ounces, an increase of 4%.
  • While gold & silver prices have increased, Greens Creeks record silver production combined with the most gold production in Heclas history were the primary reasons for the cash flow strength.
  • At the Greens Creek mine in 2019, 9.9 million ounces of silver and 56,624 ounces of gold were produced.
  • As expected, gold production for the year was lower compared to 2018, which was the highest annual gold production at Casa Berardi since Hecla acquired it in mid-2013.

Generation Mining Significantly Increases Mineral Resource at the Marathon Palladium Property

Monday, December 2, 2019 - 12:00pm

TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Generation Mining Limited (CSE:GENM) (Gen Mining or the Company) is pleased to announce an increase in the Mineral Resource Estimate for its Marathon Palladium property in Northwestern Ontario.

Key Points: 
  • TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Generation Mining Limited (CSE:GENM) (Gen Mining or the Company) is pleased to announce an increase in the Mineral Resource Estimate for its Marathon Palladium property in Northwestern Ontario.
  • The new estimates add 1,568,000 of palladium equivalent (PdEq) ounces of Mineral Resources to the Property in the Indicated classification, bringing the Property total Measured and Indicated Mineral Resources to 8,668,000 PdEq ounces.
  • A further 894,000 PdEq ounces have been added to the Inferred classification, bringing the Property total Inferred Mineral Resources to 915,000 PdEq ounces.
  • We are pleased to add approximately 18 percent more Palladium Equivalent Ounces in the Indicated classification as well as a significant Inferred Mineral Resource Estimate from other deposits on our property, comments Generation CEO Jamie Levy.

Ero Copper Reports Third Quarter Results, Further Increases 2019 Production Guidance

Tuesday, November 5, 2019 - 10:25pm

At NX Gold, the Company expects an improved operating outlook for fourth quarter of 2019, forecasting approximately 7,500 ounces of gold production at C1 cash costs* of approximately $700 per ounce.

Key Points: 
  • At NX Gold, the Company expects an improved operating outlook for fourth quarter of 2019, forecasting approximately 7,500 ounces of gold production at C1 cash costs* of approximately $700 per ounce.
  • Based upon this performance, we are increasing copper production guidance again for the full year.
  • Total Vermelhos production of 492,122 tonnes of ore grading 3.43% copper mined during the nine-month period ended September 30, 2019.
  • Expect a production rebalance to commence in the fourth quarter with approximately 7,500 ounces of gold production forecast during the period, resulting in total 2019 production of approximately 32,000 ounces gold.

Royal Gold Provides Update on its Fiscal 2020 First Quarter

Tuesday, October 8, 2019 - 2:00pm

Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, Royal Gold or the Company) today announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 60,000 gold equivalent ounces comprised of approximately 50,000 gold ounces, 510,000 silver ounces and 1,100 tonnes of copper related to its streaming agreements during its fiscal 2020 first quarter ended September 30, 2019 (first quarter).

Key Points: 
  • Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, Royal Gold or the Company) today announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 60,000 gold equivalent ounces comprised of approximately 50,000 gold ounces, 510,000 silver ounces and 1,100 tonnes of copper related to its streaming agreements during its fiscal 2020 first quarter ended September 30, 2019 (first quarter).
  • As noted previously, first quarter stream sales were lower than the prior quarter due to production restrictions experienced at Mount Milligan during the quarter ended March 31, 2019.
  • The Company had approximately 25,000 gold equivalent ounces in inventory at the end of the first quarter consisting of 18,000 gold ounces, 514,000 silver ounces and 400 tonnes of copper.
  • Fiscal 2020 first quarter earnings call information:

New Gold Reports In-Line Production for the Second Quarter Reaffirms Annual Production Guidance; Liquidity Maintained

Thursday, July 11, 2019 - 11:30am

The mine produced 65,791 gold equivalent ounces for the quarter, including 19,203 ounces of gold, and 21.6 million pounds of copper.

Key Points: 
  • The mine produced 65,791 gold equivalent ounces for the quarter, including 19,203 ounces of gold, and 21.6 million pounds of copper.
  • The mine is on track to achieve annual production guidance of between 215,000 to 245,000 gold equivalent ounces.
  • The second phase of a planned mill upgrade to address supergene ore recovery advanced during the quarter and is expected to be commissioned in the third quarter.
  • During the quarter, exploration-heading development towards the C-Zone commenced and advanced by approximately 200 metres.

Northern Vertex Posts Record Production for Moss Mine in March

Monday, April 22, 2019 - 1:30pm

About Northern Vertex Mining Corp.

Key Points: 
  • About Northern Vertex Mining Corp.
    Northern Vertex Mining Corp., the newest gold producer in the US, is focused on low cost gold and silver production at its 100% owned Moss Mine in NW Arizona.
  • The Company has experience across all areas of operations, mine development, exploration, acquisitions and financing of mining projects.
  • With operations at the flagship Moss Mine achieving commercial production the Company intends to consolidate additional producing or near-term production gold assets within the Western US.
  • Through mergers and acquisitions Northern Vertex's corporate goal is to become a mid-tier gold producer with over 200,000 ounces of gold production annually.

Hecla Reports 2.9 Million Ounces of Silver and 60,021 Ounces of Gold Production in First Quarter 2019

Thursday, April 18, 2019 - 8:00am

Silver production of 2.9 million ounces, and gold production of 60,021 ounces.

Key Points: 
  • Silver production of 2.9 million ounces, and gold production of 60,021 ounces.
  • The Lucky Friday also contributed with more silver production in the quarter than was achieved all of last year.
  • At the Greens Creek mine, 2.2 million ounces of silver and 14,328 ounces of gold were produced.
  • At the San Sebastian mine, 0.4 million ounces of silver and 3,530 ounces of gold were produced with the decrease due to the expected lower grades.

Royal Gold Provides Update on its Fiscal 2019 Third Quarter

Monday, April 8, 2019 - 9:05pm

Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, Royal Gold or the Company) today announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 60,000 gold equivalent ounces comprised of approximately 48,000 gold ounces, 510,000 silver ounces and 1,200 tonnes of copper related to its streaming agreements during its fiscal 2019 third quarter ended March 31, 2019 (third quarter).

Key Points: 
  • Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, Royal Gold or the Company) today announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 60,000 gold equivalent ounces comprised of approximately 48,000 gold ounces, 510,000 silver ounces and 1,200 tonnes of copper related to its streaming agreements during its fiscal 2019 third quarter ended March 31, 2019 (third quarter).
  • The Company had approximately 33,000 gold equivalent ounces in inventory at the end of the third quarter consisting of 25,000 gold ounces, 590,000 silver ounces and 400 tonnes of copper.
  • RGLD Gold AGs average realized gold, silver and copper prices for the third quarter were $1,303 per ounce, $15.51 per ounce, and $6,051 per tonne ($2.74 per pound), respectively, compared to $1,219, $14.45, and $6,092 ($2.76 per pound), respectively, in the second quarter ended December 31, 2018 (second quarter).
  • Fiscal 2019 Third Quarter Earnings Call Information:

Hecla Reports 10.4 Million Ounces of Silver and 262,103 Ounces of Gold Production in 2018

Tuesday, January 15, 2019 - 11:00am

Silver production of 10.4 million ounces, and a company-record gold production of 262,103 ounces.

Key Points: 
  • Silver production of 10.4 million ounces, and a company-record gold production of 262,103 ounces.
  • At the Greens Creek mine in 2018, 8.0 million ounces of silver and 51,493 ounces of gold were produced.
  • For the fourth quarter, 2.2 million ounces of silver and 13,097 ounces of gold were produced.
  • At the San Sebastian mine in 2018, 2.0 million ounces of silver and 14,979 ounces of gold were produced.

Gold Price Gained More Than 3% Year to Date

Friday, April 20, 2018 - 2:00pm

Gold price has gained 3.2 percent this year due to global geopolitical tensions and market volatility.

Key Points: 
  • Gold price has gained 3.2 percent this year due to global geopolitical tensions and market volatility.
  • Gold Spot traded at $1,345.37 during Thursday's trading session, while U.S. Gold future for June delivery was at $1,348.1.
  • The updated Mineral Resource Estimate (effective date January 23, 2018) contains 1.35 million gold equivalent ounces in the Measured and Indicated categories and 1.08 million gold equivalent ounces in the Inferred category (table below).
  • Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.