AISC

Wesdome Announces 2023 First Quarter Financial Results

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Wednesday, May 10, 2023
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At Kiena, we continued to make excellent strides towards the successful ramp-up of mining activities in 2023 and beyond.

Key Points: 
  • At Kiena, we continued to make excellent strides towards the successful ramp-up of mining activities in 2023 and beyond.
  • With an existing large resource base, efforts in 2023 will focus on converting a portion of these resources to reserves.
  • Wesdome raised $20.1 million of net proceeds from issuing 2,987,500 common shares under the ATM program.
  • The Company will release its first quarter 2023 financial results after market close on Wednesday, May 10, 2023.

Pan American Silver Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 10, 2023
Mining, Minerals, Natural Resources, Maintenance, S&P Global, NRV, Canada Business Corporations Act, PAAS, Silver, Pan American Silver, Moody's Investors Service, Sale, ILO, Ministry, Gold, Acquisition, Yamana Gold, Ministry of Mines and Energy, TSX, Agnico Eagle, Pan-American, Minera, News, NYSE, AISC, Airline, Palladium

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today reported unaudited results for the quarter ended March 31, 2023 ("Q1 2023").

Key Points: 
  • Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today reported unaudited results for the quarter ended March 31, 2023 ("Q1 2023").
  • "Pan American reported solid results for the first quarter of 2023, with adjusted earnings of $0.10 per share," said Michael Steinmann, President and Chief Executive Officer.
  • Pan American's financial position as at March 31, 2023, incorporates the assets and liabilities Pan American assumed through the Yamana transaction.
  • Subsequent dividends to be declared by Pan American are expected to follow Pan American's previous schedule of dividend payments.

Endeavour Silver Announces Q1 2023 Financial Results; Earnings Call at 10AM PDT (1PM EDT) Today

Retrieved on: 
Wednesday, May 10, 2023
Bank statement, Silver, Tax, Income tax, PT, ERP, EDGAR, Sale, Accounting, Mead, Gold, MD, Guanaceví, SEDAR, AISC, Palladium, Audit, Cryptocurrency, Drug

Gross sales of $56.1 million in Q1 2023 represented a 4% decrease over the $58.4 million in Q1 2022.

Key Points: 
  • Gross sales of $56.1 million in Q1 2023 represented a 4% decrease over the $58.4 million in Q1 2022.
  • After cost of sales of $39.54 million (Q1 2022 - $37.4 million), an increase of 6%, mine operating earnings were $16.0 million (Q1 2022 - $20.3 million).
  • The Company had operating earnings of $6.9 million (Q1 2022: $12.6 million) after exploration and evaluation costs of $4.2 million (Q1 2022: $3.2 million) and general and administrative costs of $4.9 million (Q1 2022: $4.3 million.
  • Earnings before income taxes were $12.5 million (Q1 2022: $18.9 million) after finance costs of $0.4 million (Q1 2022: $0.3 million), a foreign exchange gain of $1.9 million (Q1 2022: $0.8 million), and investment and other income of $4.0 million (Q1 2022: $5.8 million).

Polymetal: Q1 2023 production results

Retrieved on: 
Wednesday, May 10, 2023
Dukat, TCC, Polymetal, GE, AISC, Gold, Accident, Ural Mountains, Prognoz

Polymetal reports production results for the first quarter ended March 31, 2023.

Key Points: 
  • Polymetal reports production results for the first quarter ended March 31, 2023.
  • Management is optimistic that the unwinding of saleable inventory will be substantially completed by the end of Q2 2023.
  • No fatal accidents occurred among the Group’s workforce and contractors in Q1 2023 (consistent with Q1 2022).
  • During Q1 2023, one medium-severity incident and two minor incidents were recorded.

Orezone Reports First Quarter 2023 Results

Retrieved on: 
Tuesday, May 9, 2023
MV2, Senior, Engineering, Person, Lycopodium, ECG, SONABEL, G&A, Eastman Kodak Co. v. Image Technical Services, Inc., MV3, Geo, EDT, Consultant, Measurement, Conference call, Gold, NI, Analysis, Webcast, Mining, Oxide, FS, Metallurgy, Kinetics, III, News, Conference, AISC, Cryptocurrency, Uranium mining

VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone” or “Company”) reported its operational and financial results for the three months ended March 31, 2023. The consolidated financial statements and Management’s Discussion and Analysis are available at www.orezone.com and on the Company’s profile on SEDAR at www.sedar.com. The Company will host a conference call and webcast on May 10, 2023 commencing at 8:00am PDT to discuss the Company’s first quarter results. Additional details are provided at the end of this press release.

Key Points: 
  • Gold production in Q1-2023 was 41,301 oz, an increase of 86% from the 22,258 oz produced in Q4-2022.
  • Scheduled maintenance was conducted during the quarter with major mill shutdowns for mill re-line and scheduled change-outs of wear parts planned for in later quarters of the year.
  • Results of drilling undertaken in 2022 are expected to successfully convert Inferred resources of higher grade hard rock material into the Measured and Indicated categories.
  • Orezone will host a conference call and audio webcast to discuss first quarter 2023 results on Wednesday, May 10, 2023 at 8:00am PDT (11:00am EDT).

SSR Mining Announces The Acquisition Of An Up To 40% Ownership Interest And Operatorship In The Hod Maden Gold-Copper Project Through An Earn-In Structured Transaction

Retrieved on: 
Monday, May 8, 2023
Natural Resources, Other Natural Resources, Mining, Minerals, Feasibility study, Erzurum, Mineral, Partnership, Sandstorm Gold, SSR, Technical report, Net asset value, SSR Mining Inc., SSRM, ASX, Accretion (finance), Multimedia, Economics, Forestry, Gold, Acquisition, Soil, Erzurum Airport, Transaction, Project, Copper, Horizon, Mineral Resources Limited, IRR, AISC, Cryptocurrency, Risk management, Commercial property

Currently, Lidya Mines and Horizon Copper Corp. (“Horizon”) hold a 70% and 30% ownership interest, respectively, in Hod Maden.

Key Points: 
  • Currently, Lidya Mines and Horizon Copper Corp. (“Horizon”) hold a 70% and 30% ownership interest, respectively, in Hod Maden.
  • Location of the Hod Maden project relative to SSR Mining’s assets in Türkiye.
  • 4
    With the upfront cash payment made on closing, SSR Mining now serves as sole project operator responsible for project development, construction and operations.
  • Our due diligence team was complimentary as to the detail and quality of work completed so far on the Project.

Discovery Reports Q1 2023 Financial Results and Update

Retrieved on: 
Monday, May 8, 2023
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TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce its financial results for the first quarter (“Q1 2023”) ended March 31, 2023, and to provide a summary of key events for the quarter and subsequent to quarter-end.

Key Points: 
  • TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce its financial results for the first quarter (“Q1 2023”) ended March 31, 2023, and to provide a summary of key events for the quarter and subsequent to quarter-end.
  • Further details can be found in the news releases dated April 12, 2023, and April 19, 2023.
  • For further details on the drill results noted above refer to our news release dated March 22, 2023.
  • The following selected financial data is summarized from the Company’s consolidated financial statements and related notes thereto (the “Financial Statements”) for the quarter ended March 31, 2023, and the Management’s Discussion and Analysis (“MD&A”) for the quarter ended March 31, 2023.

Aura Announces Q1 2023 Financial and Operational Results

Retrieved on: 
Thursday, May 4, 2023
Mineral, Metal, Operational definition, Bank statement, EPP, Silver, San Andrés, Finance, Sale, Serra, ROAD, ORA, EBITDA, Ernesto, Gold, GEO, Investment, SEDAR, TSX, Copper, Almas, Mineral Resources Limited, AISC, Cryptocurrency, Video game, Palladium, Rare-earth element, Uranium mining, Exploration, Arantzazu

ROAD TOWN, British Virgin Islands, May 04, 2023 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) announces that it has filed its unaudited consolidated financial statements and management discussion and analysis (together, “Financial and Operational Results”) for the period ended March 31, 2023 (“Q1 2023”).

Key Points: 
  • ROAD TOWN, British Virgin Islands, May 04, 2023 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) announces that it has filed its unaudited consolidated financial statements and management discussion and analysis (together, “Financial and Operational Results”) for the period ended March 31, 2023 (“Q1 2023”).
  • The full version of the Financial and Operational Results can be viewed on the Company’s website at www.auraminerals.com or on SEDAR at www.sedar.com .
  • We remain focused on adding ounces to our production while we prepare for construction plans at Borborema.”
    Q1 2023 Financial and Operational Highlights:
    Total production was 53,265 GEO1 and decreased by 9% in Q1 2023 compared to Q1 2022, when calculated based on constant2 prices.
  • 2 Considers metal sale prices in Aranzazu realized on Q1 2023 to the previous quarters in all operations, being: Copper price = $4.11/lb; Gold Price = $1,907.73/oz; Silver Price = $22.39/oz.

Gold Fields partners with Osisko to develop the Windfall project in Québec, Canada

Retrieved on: 
Tuesday, May 2, 2023
Pillar, Feasibility study, Gold Fields, LLP, Golden Bear, Partnership, Cree, Geology, JSE, AngloGold Ashanti, GFI, Exploration, Abitibi, JV, NYSE, Public–private partnership, Gruyère cheese, Gold, Acquisition, Windfall, Mining, Water, TSX, ESG, Jack Nicklaus, LOM, Environmental impact assessment, Total, AISC, Health insurance, Uranium mining, Bank, Renewable energy

JOHANNESBURG, South Africa, May 02, 2023 (GLOBE NEWSWIRE) -- Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce a partnership with Osisko Mining Inc. (TSX: OSK) (Osisko) to develop and mine the world class underground Windfall Project in Québec, Canada, now known as the Windfall Mining Group (Partnership).

Key Points: 
  • JOHANNESBURG, South Africa, May 02, 2023 (GLOBE NEWSWIRE) -- Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce a partnership with Osisko Mining Inc. (TSX: OSK) (Osisko) to develop and mine the world class underground Windfall Project in Québec, Canada, now known as the Windfall Mining Group (Partnership).
  • Under the Partnership structure, each of Osisko and Gold Fields respectively hold an effective 50% partnership interest in the Windfall Project and the Exploration Properties.
  • The management company will be governed by a Board of Directors comprising three directors nominated by Gold Fields and three directors nominated by Osisko.
  • The Windfall Project and the Exploration Properties comprehensively tick Gold Fields’ key portfolio management criteria.

Elevation Gold Reports Financial Results for Year Ended December 31, 2022, including $62M in Total Revenue

Retrieved on: 
Monday, May 1, 2023
Silver, Gold, Mining, Depreciation, Consolidated, Three Months, AISC, Cryptocurrency, Palladium, Analysis

VANCOUVER, BC, May 1, 2023 /PRNewswire/ - Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQX: EVGDF) (the "Company" or "Elevation Gold") is pleased to announce financial results for year ended December 31, 2022.

Key Points: 
  • VANCOUVER, BC, May 1, 2023 /PRNewswire/ - Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQX: EVGDF) (the "Company" or "Elevation Gold") is pleased to announce financial results for year ended December 31, 2022.
  • For the year ended December 31, 2022 the Company generated $62.0 million in revenue on 31,666 ounces of gold and 257,659 ounces of silver sold.
  • Tim Swendseid, Elevation Gold CEO, stated "Our Q4 2022 financial results reflect continuing improvement in operations at the Moss Mine, with total revenue increasing 24% over Q4 2021 and gold ounces sold increasing 33% from Q4 2021.
  • For further details, refer to the Company's Consolidated Financial Statements and Management Discussion and Analysis ("MD&A") for the year ended December 31, 2022.