London Bullion Market Association

Imperial Reports 2023 Financial Results

Retrieved on: 
Friday, March 15, 2024
Tax, Capital expenditure, Copper, Gold, Acquisition, London Bullion Market Association, Public expenditure, Capital, Transport, Huckleberry, Depreciation, Net, CDN, Mining

Revenue from the Mount Polley mine in 2023 was $233.3 million compared to $42.7 million in 2022, an increase of $190.6 million.

Key Points: 
  • Revenue from the Mount Polley mine in 2023 was $233.3 million compared to $42.7 million in 2022, an increase of $190.6 million.
  • Revenue from the Red Chris mine in 2023 was $109.8 million compared to $129.5 million in 2022, a decrease of $19.7 million.
  • The London Metals Exchange cash settlement copper price per pound averaged US$3.85 in 2023 compared to US$4.00 in 2022.
  • London Bullion Market Association, London gold price per troy ounce averaged US$1,943 in 2023 compared to US$1,801 in 2022.

Silver Institute Membership Continues to Grow

Retrieved on: 
Tuesday, March 12, 2024
Solar energy, Silver, CME Group, Natural Resources, Safe house, Barrick Gold, Gold, Metal, London Bullion Market Association, The Safe House, Palladium, Reserve, Platinum, SMI, GLEN, Mining

WASHINGTON, March 12, 2024 (GLOBE NEWSWIRE) -- The Silver Institute is pleased to welcome five companies to its growing roster of members.

Key Points: 
  • WASHINGTON, March 12, 2024 (GLOBE NEWSWIRE) -- The Silver Institute is pleased to welcome five companies to its growing roster of members.
  • These companies represent key areas of the broader silver industry and are based in Australia, Switzerland, Singapore, and the United States, further expanding the Silver Institute's global footprint.
  • Based in Baar, Switzerland, Glencore produced 23.8 million ounces of silver in 2022, making it the world's fourth-largest silver mining company.
  • Phillips Baker, President and CEO of Hecla Mining Company and the Chairman of the Silver Institute, stated, "We welcome the newest members to the Silver Institute.

Monument Reports Second Quarter Fiscal 2024 (“Q2 FY2024”) Results

Retrieved on: 
Friday, March 1, 2024
Odyssey, Acquisition, Monument, DMT, Total, Gabanintha, Western Australia, Tph, YTD, Mining, Retirement, Sale, Gold, London Bullion Market Association, TSF, Public expenditure, Atlas, Economics, Atlas Copco, Depreciation, Cryptocurrency

The mill processed 192,217 tonnes of sulphide ore, achieving a head grade of 1.55g/t and a recovery rate of 71.10%.

Key Points: 
  • The mill processed 192,217 tonnes of sulphide ore, achieving a head grade of 1.55g/t and a recovery rate of 71.10%.
  • Availability of the flotation plant also improved at 90% during Q2 2024 as a result of ongoing optimization.
  • Accommodation and catering facilities were fully operational during the quarter and equipped to support administrative, exploration, and mining activities.
  • Both Monument and Odyssey agreed to defer the payment by six months after the date of satisfaction of the milestone, specifically by February 2, 2024.

Mercury Securities Introduces Mercury Gold

Retrieved on: 
Monday, February 19, 2024
Social media, Investment, Sale, MBS, Gold, London Bullion Market Association, LBMA, Mercury, Silver, Palladium

KUALA LUMPUR, Feb 19, 2024 - (ACN Newswire) - Bursa Malaysia listed Mercury Securities Group Berhad ("Mercury Securities" or "Company"; Stock Code 0285), announced the launch of their newest venture, Mercury Gold, which aims to empower both seasoned investors and newcomers to participate in the precious metals market.

Key Points: 
  • KUALA LUMPUR, Feb 19, 2024 - (ACN Newswire) - Bursa Malaysia listed Mercury Securities Group Berhad ("Mercury Securities" or "Company"; Stock Code 0285), announced the launch of their newest venture, Mercury Gold, which aims to empower both seasoned investors and newcomers to participate in the precious metals market.
  • Mercury Gold offers physical bullion for purchase as well as Mercury Bullion Savings, a program where customers can buy, sell and accumulate bullion by the gram.
  • In addition, Mercury Gold is proud to introduce Mercury Bullion Savings (MBS) Program, which is an easy, safe and cost-effective way to invest and own gold and silver bullion.
  • To learn more about Mercury Gold and open an account, go to: Mercury Gold.

SSR Mining Delivers Strong Fourth Quarter Production and Achieves 2023 Consolidated Production Guidance

Retrieved on: 
Tuesday, January 16, 2024
Mining, Minerals, Natural Resources, London Bullion Market Association, Mineral, Gold, News, Silver, Mineral Resources Limited, GEOS, Webcast, SSR

In addition, SSR Mining announces February 13, 2024 as the release date for its 2024 and long-term production guidance, accompanied by updated life of mine plans and Mineral Reserves and Mineral Resources for the Company’s key operating properties.

Key Points: 
  • In addition, SSR Mining announces February 13, 2024 as the release date for its 2024 and long-term production guidance, accompanied by updated life of mine plans and Mineral Reserves and Mineral Resources for the Company’s key operating properties.
  • News release containing long-term production guidance and updated Mineral Reserves and Mineral Resources: Tuesday, February 13, 2024, before markets open.
  • Audio replay will be available for two weeks by calling:
    The Company also announces the date for its fourth quarter and full-year 2023 consolidated financial results news release and conference call.
  • News release containing fourth quarter 2023 and full-year consolidated financial results: Wednesday, February 21, 2024, after markets close.

Monument Reports First Quarter Fiscal 2024 (“Q1 FY2024”) Results

Retrieved on: 
Thursday, November 30, 2023
Depreciation, Economics, Acquisition, Mining, Gold, Public expenditure, Retirement, Total, Tuckanarra, Western Australia, London Bullion Market Association, TSF, DMT

The mill processed 177,494 tonnes of sulphide ore, achieving a head grade of 1.81g/t and a recovery rate of 69.63%.

Key Points: 
  • The mill processed 177,494 tonnes of sulphide ore, achieving a head grade of 1.81g/t and a recovery rate of 69.63%.
  • The total processing costs for the first quarter FY2024 were $1.61 million (Q1 FY2023: $0.31 million).
  • TSF construction resumed in the first quarter of FY2024 bringing up the TSF level to 539.25m RL.
  • No drilling was carried out during the first quarter of fiscal year 2024.

Imperial Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Metal, Gold, CDN, London Metal Exchange, International, Copper, The Lady in Red (Chris de Burgh song), News, LBMA, London Bullion Market Association, International Financial Reporting Standards, Transport, Capital expenditure, Mining, Imperial Metals, TSX, Chicago Metallic Corporation, Capital, Cryptocurrency, Rare-earth element, Mount Polley

VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.
  • Total revenue was $78.5 million in the September 2023 quarter compared to $41.7 million in the 2022 comparative quarter.
  • The London Metals Exchange cash settlement copper price per pound averaged US$3.79 in the September 2023 quarter compared to US$3.51 in the 2022 comparative quarter.
  • In CDN Dollar terms the average copper price in the September 2023 quarter was CDN$5.08 per pound compared to CDN$4.59 per pound in the 2022 comparative quarter, and the average gold price in the September 2023 quarter was CDN$2,587 per ounce compared to CDN$2,258 per ounce in the 2022 comparative quarter.

Monetary Metals Leases Gold to Istanbul Gold Refinery

Retrieved on: 
Monday, October 16, 2023
IGR, Metal, Dubai Gold & Commodities Exchange, LBMA, Gold, COMEX, Commodity broker, Growth, DGCX, London Bullion Market Association, Palladium

SCOTTSDALE, Ariz., Oct. 16, 2023 /PRNewswire/ -- Monetary Metals is pleased to announce it has leased gold to IGR Metals Trading DMCC, a subsidiary of Istanbul Gold Refinery (IGR).

Key Points: 
  • SCOTTSDALE, Ariz., Oct. 16, 2023 /PRNewswire/ -- Monetary Metals is pleased to announce it has leased gold to IGR Metals Trading DMCC, a subsidiary of Istanbul Gold Refinery (IGR).
  • IGR Metals Trading DMCC is a member of the Dubai Gold and Commodities Exchange (DGCX).
  • "IGR is an important player in the precious metals industry," said Keith Weiner, CEO of Monetary Metals.
  • Anna Dinzler, General Manager of IGR DMCC commented on the agreement, "We're pleased with our lease facility from Monetary Metals, and we regard them as a key partner in supporting our growth."

FROM MINE TO MINT: ROYAL CANADIAN MINT INTRODUCES A NEW SINGLE MINE GOLD MAPLE LEAF BULLION COIN IN PARTNERSHIP WITH NEWMONT

Retrieved on: 
Wednesday, October 4, 2023
London Bullion Market Association, Cree, GML, Acer saccharum, Mint, Cree Nation of Wemindji, Good Delivery, Silver, Royal Canadian Mint, LBMA, Carbon, Robert, Gold, Mining, Maple leaf, Palladium, Newmont

99.99% Pure Gold Maple Leaf Single-Sourced Mine bullion coin is entirely composed of gold from Newmont's Éléonore gold mine in Northern Québec and is expertly refined by the Mint under a rigorous segregation protocol.

Key Points: 
  • 99.99% Pure Gold Maple Leaf Single-Sourced Mine bullion coin is entirely composed of gold from Newmont's Éléonore gold mine in Northern Québec and is expertly refined by the Mint under a rigorous segregation protocol.
  • This special gold bullion coin will soon be available through the Mint's network of official bullion distributors.
  • "As the world's recognized sustainability leader in gold mining, Newmont is honoured to supply the gold for the Royal Canadian Mint's Pure Gold Maple Leaf Single-Sourced coin from our Éléonore mine in Québec," said Tom Palmer, Newmont's President and Chief Executive Officer.
  • The reverse of the Mint's newest single-source mined pure gold coin features Walter Ott's detailed engraving of a Sugar Maple leaf, the hallmark of the Mint's Maple Leaf family of bullion coins.

Monument Reports Fourth Quarter and Fiscal 2023 Results

Retrieved on: 
Friday, September 29, 2023
CIL, Maintenance, Total, Resource, NA, Public expenditure, Retirement, Gold, Master of Engineering, Acquisition, Gabanintha, Western Australia, NOA, Mining, TSF, London Bullion Market Association, Depreciation, MAIG, Printed circuit board, Q3, Burnakura Gold Mine

Gold sales resulted in a revenue of $12.39 million, a decrease from the $14.44 million in Fiscal 2022.

Key Points: 
  • Gold sales resulted in a revenue of $12.39 million, a decrease from the $14.44 million in Fiscal 2022.
  • The cash cost from the oxide CIL gold production increased by 72% to $2,200/oz for the fourth quarter from $1,282/oz in the fourth quarter of FY2022.
  • Subsequent to the year-end on September 22, 2023, the Company achieved commercial production, operating at 90% of its designed production capacity for 30 consecutive days in August 2023.
  • No drilling was carried out during the fourth quarter of fiscal year 2023.