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

April 20, 2024

Ron Finklestien

mining

The Golden Surge: Goldman Sachs Predicts $2,700 Gold Price as Uncertainty Reigns

Volatility in Precious Metal Market Gold ended the day with little change, reacting to Fed chair Powell’s cautious stance on rate cuts, causing both Treasury yields and the dollar to surge. The metal, traditionally tied to monetary policy shifts, remains on an upward trajectory despite a challenging landscape. Unprecedented Growth and Surprising Trends With a 16% increase thus far in the year and a rise of over $500 since early October, the current market turmoil has been a catalyst for the precious metal’s exponential growth. The Middle East conflict acted as the tipping point, ushering in a new era of

April 19, 2024

Ron Finklestien

mining

Viridis Mining Achieves Unprecedented Rare Earth Recovery Milestone at Colossus Project

Colossus Concessions Reach New Heights in Rare Earth Recovery Source: Viridis Mining & Minerals Viridis Mining has recently achieved a groundbreaking milestone with the Colossus project, showcasing exceptional recovery rates of rare earth elements. The Cupim South concession notably reached a remarkable 67% average recovery of neodymium and praseodymium, setting a new benchmark. Following closely behind, the northern concessions demonstrated an impressive 63% recovery rate. Additionally, Capão da Onça and Ribeirão displayed significant recoveries of Nd and Pr, averaging at 59%. For dysprosium and terbium, the northern concessions excelled with an average recovery of 65%. Cupim South also showcased commendable

February 28, 2024

Ron Finklestien

mining

A Record Breaker: Harmony Gold Shines with Interim Dividend & Extended Mponeng Mine

Production Boost & Profit Surge Harmony Gold unveiled its financial and operational performance for the first half of 2023 on Wednesday. The mining giant witnessed a remarkable 14% surge in total gold production, reaching 832,349 ounces, up from 733,325 ounces in the same period a year earlier. This upsurge was fueled by a remarkable 30% increase in output from the Mponeng mine. Record Dividend Declaration Harmony Gold’s profit tripled to a staggering 5.96 billion rand in the latter half of 2023 compared to the previous year. Riding on this success, the company has declared a record interim dividend. Shareholders are

February 23, 2024

Ron Finklestien

mining

The Glittering Success of Hudbay Minerals in 2023

Record Production Sparks Investor Excitement Hudbay Minerals has emerged as a shining star in the mining industry, with its shares soaring on the back of record-breaking revenue for the year 2023. The company recently revealed its operational results, showcasing an impressive performance that left investors beaming with delight. Operational Prowess Unveiled Highlighting its operational prowess, Hudbay Minerals reported a consolidated copper production of 45,450 tonnes and a record-breaking consolidated gold production of 112,776 ounces in the final quarter. These exceptional numbers were driven by sustained high grades at the Pampacancha deposit in Peru and the Lalor mine in Manitoba, along

January 9, 2024

Ron Finklestien

mining

Calibre’s Breaks Records With Annual Gold Production Calibre’s Breaks Records With Annual Gold Production

Calibre, the mining company, has reached a new milestone by achieving an exceptional gold production figure that surpassed its 2023 guidance. In the fourth quarter alone, the company’s gold production amounted to an impressive 75,482 oz. This includes 64,963 oz. from its operations in Nicaragua and an additional 10,519 oz. from Nevada. Despite a hefty C$40 million investment in Marathon Gold, which Calibre acquired in November 2023, the company’s financial position is robust with a cash reserve of $86 million as of December 31. This represented a staggering 52% increase compared to the end of the previous year. Calibre’s CEO,