Koz

Significant New Gold Targets in the Mosquito Creek Basin

Retrieved on: 
Thursday, February 9, 2023

New targets identified at Finucane over two parallel zones of gold and pathfinder anomalism in soil sampling, extending the prospective Middle Creek Fault further east.

Key Points: 
  • New targets identified at Finucane over two parallel zones of gold and pathfinder anomalism in soil sampling, extending the prospective Middle Creek Fault further east.
  • “When working through the exploration results and geophysical data from 2022, the team identified a compelling opportunity to implement a new basin-wide exploration strategy in the Mosquito Creek Basin focused on identification of targets with the potential to host more than 100 koz gold.
  • Finucane and Sayshell prospects are the first two targets identified in this work for follow up exploration in 2023.
  • Each anomaly is over 5 km in strike length and both have coinciding elevated gold grades, including a best assay of 907 ppb gold.

MAG Silver Reports Fourth Quarter Production From Juanicipio

Retrieved on: 
Wednesday, January 25, 2023

VANCOUVER, British Columbia, Jan. 25, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from the Juanicipio Project (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the fourth quarter (“Q4”) ending December 31, 2022 and full year 2022.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 25, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from the Juanicipio Project (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the fourth quarter (“Q4”) ending December 31, 2022 and full year 2022.
  • Total Juanicipio production for Q4 and 2022, based on provisional estimates before offtake agreement adjustments, totaled 1,861 koz of silver and 5,380 gold ounces, and 9,250 koz of silver and 22,253 gold ounces, respectively.
  • The associated lead and zinc production will be reported with MAG Silver’s year end filings.
  • Dr. Megaw is not independent as he is Chief Exploration Officer and a Shareholder of MAG.

Platinum deficit of 303 koz forecast in 2023 as 2022 surplus reduces

Retrieved on: 
Tuesday, November 22, 2022

Supply constraints, combined with increased bar and coin demand, have seen the market surplus forecast for 2022 revised downwards by 17% (-170 koz) to 804 koz.

Key Points: 
  • Supply constraints, combined with increased bar and coin demand, have seen the market surplus forecast for 2022 revised downwards by 17% (-170 koz) to 804 koz.
  • The profound swing in market balances between the 2022 surplus and the 2023 deficit is forecast to be more than 1.1 Moz.
  • Disruption is likely to remain a feature in 2023, with the forecast up a modest 2% (+89 koz) year-on-year to 5,726 koz.
  • Automotive demand in 2023 is expected to increase at a similar rate to 2022, up 11% (+324 koz) to 3,288 koz.

Callinex Intersects 33.67m of 4.29% Copper and Other High-Grade Intervals at the Rainbow Deposit located in the Flin Flon Mining District, MB

Retrieved on: 
Monday, September 19, 2022

True Width calculations assumed the Rainbow Horizon to strike 032 degrees azimuth, with a 80 degree easterly dip.

Key Points: 
  • True Width calculations assumed the Rainbow Horizon to strike 032 degrees azimuth, with a 80 degree easterly dip.
  • The second asset in the portfolio is the Nash Creek Project located in the VMS rich Bathurst Mining District of New Brunswick.
  • Such factors include, among others, the ability to complete the proposed drill program and the timing and amount of expenditures.
  • Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.

WPIC: Physical platinum market tightness persists in 2022 despite increased surplus

Retrieved on: 
Monday, September 5, 2022

Pointing to a tight physical market, platinum lease rates remain at almost record highs

Key Points: 
  • Pointing to a tight physical market, platinum lease rates remain at almost record highs
    LONDON, Sept. 5, 2022 /PRNewswire/ -- The World Platinum Investment Council (WPIC) today publishes its Platinum Quarterly for the second quarter of 2022, with a revised full year forecast for 2022.
  • However, despite the surplus, physical market tightness continued throughout the second quarter and remains ongoing.
  • These excess imports into China, which are not captured in published supply and demand data, resulted in physical platinum market tightness.
  • This physical market tightness also incentivised the movement of platinum held by exchanges into the spot market to help meet the China import volumes.

WPIC: Events in Q1'22 hit platinum supply harder than demand, with previous surplus forecast for 2022 reduced to 627 koz

Retrieved on: 
Monday, May 16, 2022

During the quarter, both demand (-26%) and supply (-13%) fell year-on-year leaving the market in surplus of 167 koz.

Key Points: 
  • During the quarter, both demand (-26%) and supply (-13%) fell year-on-year leaving the market in surplus of 167 koz.
  • The surplus forecast for 2022has now been reduced to 627 koz, which is also notably down on the surplus in 2021 (1,128 koz).
  • Platinum mine supply in South Africa is forecast to decline 9% in 2022 (-421 koz) and is at risk of potential strike action related to three-yearly wage negotiations.
  • Overall global platinum jewellery demand declined by 9% (-42 koz) year-on-year in Q1'22, and is forecast to decline 2% (-37 koz) to 1,886 koz in 2022.

Callinex Closes $6.24 Million Private Placement Financing

Retrieved on: 
Friday, April 22, 2022

VANCOUVER, BC, April 22, 2022 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that it has closed its fully subscribed non-brokered private placement for gross proceeds of C$6.24 million (the "Offering").

Key Points: 
  • VANCOUVER, BC, April 22, 2022 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that it has closed its fully subscribed non-brokered private placement for gross proceeds of C$6.24 million (the "Offering").
  • We are grateful for the support from the new and existing shareholders in this financing which allows us to continue to execute on our long-term objectives."
  • Each FT Unit consists of one flow-through common share and one-half of one transferrable Warrant to be issued on a non-flow-through basis.
  • Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.

Callinex Mines Increases Private Placement Financing to $6.24 Million

Retrieved on: 
Tuesday, April 12, 2022

VANCOUVER, BC, April 12, 2022 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that, due to strong demand, it has increased the size of its previously announced non-brokered private placement ( See News Release dated March 30, 2022) from C$4.22 million to C$6.24 million (the "Offering").

Key Points: 
  • VANCOUVER, BC, April 12, 2022 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that, due to strong demand, it has increased the size of its previously announced non-brokered private placement ( See News Release dated March 30, 2022) from C$4.22 million to C$6.24 million (the "Offering").
  • Each FT Unit shall consist of one flow-through common share and one-half of one transferrable Warrant to be issued on a non-flow-through basis.
  • Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions.
  • Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.

Callinex Announces $4.22 Million Private Placement Financing

Retrieved on: 
Wednesday, March 30, 2022

VANCOUVER, BC, March 30, 2022 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) pleased to announce a non-brokered private placement of up to $4.22 million (the "Offering").

Key Points: 
  • VANCOUVER, BC, March 30, 2022 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) pleased to announce a non-brokered private placement of up to $4.22 million (the "Offering").
  • Each FT Unit shall consist of one flow-through common share and one-half of one transferrable Warrant to be issued on a non-flow-through basis.
  • Callinex Mines Inc. (TSXV: CNX) (OTCQX: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions.
  • Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.

Platinum surplus of 1,232 koz in 2021 forecast to reduce by 47% in 2022 as COVID-related and operational disruptions gradually settle

Retrieved on: 
Wednesday, March 9, 2022

COVID-related factors and operational disruptions played out particularly during the second half of 2021, having a huge impact on both the supply of and demand for platinum.

Key Points: 
  • COVID-related factors and operational disruptions played out particularly during the second half of 2021, having a huge impact on both the supply of and demand for platinum.
  • As these issues normalise in 2022, this surplus is forecast to reduce by 47% in 2022 to 652 koz, as demand increases 7% (+520 koz), while supply declines 1% (-61 koz).
  • As a result, Q4'21 saw refined production jumping 30% (+392 koz) year-on-year, with the total supply for the year increasing 21% (+1,411 koz).
  • Healthy gains were seen in the industrial sector both in Q4'21 (+17%, +90 koz) and for the 2021 full year (+27%, +537 koz).