The company plans to release its full FY25 gold production and all-in sustaining cost (AISC) guidance later this month. The company’s production success comes at a time when Australia, one of the world’s top gold producers, is experiencing a slight decrease in annual gold production. Securities Disclosure: I, Giann Liguid, hold no direct investment interest...
Category: investingnews
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Completion of Acquisition of Portfolio of Advanced Uranium Assets Located in Tanzania
Moab Managing Director, Malcolm Day commented “The completion of the acquisition of such high potential uranium projects is transformational for the Company. The fact that Uranex Ltd previously explored, and extensively drilled, the Manyoni Uranium Project from the early 2000’s to 2013 assists the Company greatly. There is a large volume of historic exploration data,...
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Extension of Closing Date
The Company advises that the Closing Date of the Entitlement Offer has been extended to 5:00pm (WST) on Thursday, 18 July 2024. The Closing Date has been extended to ensure all eligible shareholders have an opportunity to participate in the Entitlement Offer, having regard to the delayed mailing process in Australia and New Zealand, and...
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Initial Drill Results Point to Resource Growth Potential at Warriedar’s Golden Range Project
The results represent the first diamond drilling at the Ricciardo deposit within the Golden Range project. “While the early results pertain to just a small part of the current phase of drilling, they continue to highlight the outstanding resource growth potential at Ricciardo and ultimately, look set to demonstrate similar outcomes along the entire Golden...
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How Would a New BRICS Currency Affect the US Dollar? (Updated 2024)
The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies. It’s still too early to predict when a BRICS currency will be released, but it’s a good time to look at the potential for a BRICS...
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Glencore's Teck Coal Acquisition Gets Conditional Green Light from Canadian Gov’t
Glencore will take over Teck’s Elk Valley Resources, but must adhere to several conditions, outlined by Industry Minister Francois-Philippe Champagne. “Today I approved under strict conditions a much narrower transaction whereby Glencore will acquire Teck Resources’ metallurgical coal business,” Champagne stated. The company has agreed to Elk Valley Resources’ Canadian headquarters for at least a...
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Gold from Canada's Biggest Heist Reportedly Smuggled to India, Dubai
“We believe a large portion has gone overseas to markets that are flush with gold,” said lead investigator Detective Sergeant Mike Mavity in a June 21 Peel Police Service Board meeting. “That would be Dubai, or India, where you can take gold with serial numbers on it and they will still honor it and melt...
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Prospect Ridge Announces Second Tranche Closing of Unit Private Placement and First Tranche Closing of Flow-Through Unit Private Placement
The Company also reports it has closed the first tranche of its non-brokered flow-through private placement (the “FT Placement”) of $0.18 flow-through units announced on June 14, 2024 (see news release for details) issuing an aggregate of 5,384,377 flow-through units for gross proceeds of $969,187.86. In connection with the two tranches, the Company paid an...
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Additional Land Acquired at Nunavut Cu-Ag-Au Project
Highlights “The Company is very pleased to have finally secured these additional 2 priority areas and concludes our strategy of acquiring the landholdings we wanted. These new licences are testament to the teams’ hard work and commitment to deliver for all shareholders. After stalking the process for several months and having assessed these areas in-depth...