Articles for tag: Canyon, Florida, Gold, Integra, jump, production, record, shares

January 30, 2025

Ron Finklestien

mining

Integra Reports Record Gold Output at Florida Canyon, Driving Share Price Surge

Integra Resources Sees Production Boost and Share Growth Following Florida Canyon Acquisition This year marks Integra’s first complete reporting of production since it acquired Florida Canyon in mid-2024. In response to positive news, shares of Integra Resources climbed 12% on Thursday morning in New York. This surge elevated the miner’s market capitalization to $288 million. The increase in Florida Canyon’s production was supported by the development and implementation of the new Phase III-A south heap leach pad, as well as improvements to the solution processing systems. Additionally, Integra announced a gold price protection program for its 2025 production at Florida

May 30, 2024

Ron Finklestien

mining

Arizona Lithium starts production drilling at Prairie project in Saskatchewan

The drilling program, covering a total of three pads, will extend over the next few months. Production and disposal testing of the wells on the first pad is scheduled to start in June, the Australia-based lithium developer said. According to the company, the start of drilling operations would mark the launch of Canada’s first commercial lithium production plant. The initial phase will involve drilling vertical wells to explore the Souris River and Duperow formations for commercial viability. It will then move onto the Dawson Bay formation and specific disposal targets. “These are very deep holes being drilled by a heavy duty oil

May 29, 2024

Ron Finklestien

mining

McEwen outlines growing production pipeline with Grey Fox plans

Gold at Grey Fox has been found in multiple zones, including Gibson, Whiskey-Jack, 147 and Grey Fox South (GFS). The current resource estimate for Grey Fox is 1.2 million oz. gold in material grading 4.80 g/t gold (indicated) and 236,000 oz. gold at 4.35 g/t gold (inferred). An updated resource estimate is expected in late September. Highlights of the best assay results (true widths) at Grey Fox include the following: Hole 24GF-1426: 586.7 g/t gold over 0.5 metre; Hole 24GF-1424: 14.3 g/t gold over 5 metres; Hole 24GF-1397: 17.4 g/t gold over 4.2 metres; Hole 22GF-1366: 8.8 g/t gold over 3.9 metres. The Gibson zone

April 22, 2024

Ron Finklestien

mining

Ascot pours first gold at Premier, aims for Q3 production

“The first gold pour is a hallmark commissioning milestone for Ascot, representing the culmination of years of hard work,” CEO Derek White said in Monday’s news release. Commercial production is anticipated in the third quarter of this year. The Premier project is located 25 km from the town of Stewart, within the famed Golden Triangle region of BC. It is home to a former underground gold mine that opened in 1918 and included four deposits – Silver Coin, Big Missouri, Premier, and Red Mountain. While in operation, it was the largest gold mine in North America until its surface buildings

March 29, 2024

Ron Finklestien

mining

Revolution Ahead: A Glimpse at Volt Lithium’s Journey Towards 2025 Commercial Production

Embracing the Future of Electric Vehicle Battery Production Embarking on a journey toward commercial production, Volt Lithium has broken new ground by achieving a pivotal milestone: the in-house production of lithium carbonate. In a recent conversation with The Northern Miner’s western editor, Henry Lazenby, Wylie expressed optimism about the road ahead. Sharing insights during the Prospectors and Developers Association of Canada’s recent convention, Wylie revealed, “What we’ve learned from the demonstration plant will absolutely put us in a position to start going into commercial production as we move into 2025.” This breakthrough opens doors to a new frontier, as Volt

February 26, 2024

Ron Finklestien

mining

The Fast Track to Lithium: Patriot Battery Metals’ Corvette Project Revs Up Production

Patriot Battery Metals’ Corvette project is a testament to vision and perseverance in the red-hot world of lithium mining. CEO Ken Brinsden, a seasoned hand in the industry, sees the project not just as a mineral deposit, but as a crucial link in the chain powering the global energy transition. With the backing of key investors and a treasure trove of lithium resources waiting to be tapped, the stage is set for Patriot to make a significant impact. COO Blair Way at the Corvette site performing winter prospecting. Credit: Patriot Battery Metals From the shift in leadership to the significant

February 25, 2024

Ron Finklestien

mining

The Glowing Future of Global Uranium Production

Recovery and Expansion Global uranium output. Credit: GlobalData In 2023, Kazakhstan held the torch for global uranium production, contributing 37.3% of the total supply. Despite a slight dip in output, mainly due to planned reductions by Kazatomprom, the country is poised for a resurgence. By 2024, their anticipated output will soar to 23.2kt, with production expected to surge further in 2025 without constraints. Adding to the global supply surge is the continued escalation of production from Canada’s McArthur River. The project sets its sights on a 2024 uranium yield of 6.9kt (equivalent to 8.2kt of U3O8). With licenses guaranteed until

February 5, 2024

Ron Finklestien

mining

NextSource Expects Full Production at Molo Mine by July NextSource Expects Full Production at Molo Mine by July

NextSource, the Toronto-based corporation, has announced that the Molo mine is set to reach full production by July. This revised timeline is attributed to the identification and rectification of underperforming equipment in the screening circuit, as per the company’s statement.

January 26, 2024

Ron Finklestien

mining

Alphamin’s Expanding Tin Output and New Mine Production in 2023

Consistent Growth in Tin Output Alphamin has reported a surge in tin production in its latest results release, with the initial development of Mpama South completed on schedule. This accomplishment in underground development has ensured a robust base of mineral resources ahead of the processing plant’s commissioning, paving the way for a swift increase in tin production. Further Progress on Processing Plant The company has announced the near-completion of mechanical erection and installation at the processing plant. The remaining work mainly involves the installation of electrical cabling, instrumentation, and final plant commissioning. However, logistical setbacks due to poor inbound road

January 24, 2024

Ron Finklestien

mining

McClean Lake Uranium Mine Resumes Production McClean Lake Uranium Mine to Resume Production

A Promising Restart for McClean Lake Uranium Mine After persevering through numerous challenges, the McClean Lake Uranium Mine is on the cusp of a significant resurgence. The partnership’s unwavering commitment to innovation has led to the development of the groundbreaking SABRE mining method designed to selectively extract high-grade uranium ores from the surface. The mine is poised to recommence operations at the McClean North deposit in 2025, with an ambitious target of approximately 800,000 pounds of uranium that year. The partners are diligently preparing the site and equipment for seamless commercial operations. As part of the preparations, the McClean Lake