Articles for tag: Atlanticdiscoverynickelsharessoar

March 4, 2025

Ron Finklestien

mining

Atlantic Nickel Soars on Exciting New Discovery

First Atlantic Nickel Discovers High-Grade Resource in Newfoundland The Atlantic nickel project is situated 40 km from Grand Falls-Windsor, Newfoundland. Credit: First Atlantic Nickel First Atlantic Nickel (TSXV: FAN) experienced a significant uptick, reaching its highest share price in over two years due to a promising high-grade discovery at its district-scale project in central Newfoundland. Recent drilling at the Super Gulp zone of the Atlantic nickel project included five holes during its initial phase. Notably, the first hole yielded assays of up to 0.32% nickel and 0.8% chromium, with an average of 0.25% nickel and 0.28% chromium over the full

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

November 29, 2024

Ron Finklestien

mining

Paladin’s Uranium Production Reduction Leads to Decline in Share Prices

Paladin Energy Faces Challenges Amid Production Revision Paladin Energy announced a dip in performance for October, reporting only 186,667 pounds of uranium produced. This lackluster showing, along with ongoing difficulties in scaling operations, led the company to adjust its production guidance downward. Following this news, Paladin’s shares took a hit, falling 28.9% in Australia. As a result, the company’s market capitalization now stands at A$2.89 billion ($1.89 billion). In anticipation of future improvements, Paladin plans a shutdown at their Langer Heinrich Mine (LHM) in the latter half of November, expected to last about two weeks. This temporary halt will facilitate

November 9, 2024

Ron Finklestien

mining

Ero Copper Lowers Production Forecast, Stock Price Drops Sharply

Leadership Shake-Up at Ero Copper Amid Quarterly Production Report Quarterly Production Results In the third quarter, Ero Copper’s Caraiba operation produced 10,766 tonnes of copper, while the Xavantina operation yielded 31,446 ounces of gold. The company maintained its full-year gold production guidance at the increased range of 60,000 to 65,000 ounces. Following this announcement, Ero Copper’s shares dropped 9.1% by 12:10 p.m. EDT on Wednesday. The company’s current market capitalization stands at C$2.4 billion ($1.7 billion). Changes in Leadership On the same day, Ero Copper revealed significant leadership changes coinciding with the retirement of its co-founder and chairperson, Noel Dunn.

September 15, 2024

Ron Finklestien

mining

An Uphill Climb: Coeur Mining Gains Ground with Strong Operating Metrics at Rochester

As the sun rises on Coeur Mining’s horizon, the company is making steady strides towards its operational targets at the Rochester mine. The goal is ambitious – to churn out 7 to 8 million tonnes per quarter by the second half of 2024, alongside hitting a production mark of 4.8 to 6.6 million oz. of silver and 37,000 to 50,000 oz. of gold for the full year. This triumph has not gone unnoticed in the markets. Coeur Mining’s shares surged by a noteworthy 15.47% by 12:14 a.m. EDT, painting a rosy picture for investors in the company with a market

March 28, 2024

Ron Finklestien

mining

Impressive Surge in MAG Silver Stocks Amid Juanicipio Mine’s Resource Update Emphatic Uptick in MAG Silver Stocks as Juanicipio Mine Resource Report Breaks

Project Commencement Signals Prosperous Era Embarking on a trajectory toward commercial production in June 2023, the Juanicipio mine finds its abode nestled in the pulsating Fresnillo silver trend of Mexico. In a symbiotic ownership structure, MAG carves out a 44% niche, while Fresnillo plc, the deft operator, reigns over the remaining 56%. Bountiful Harvest of Silver Sets a New Benchmark The mine’s efforts in 2023 bore fruits to the tune of 16.8 million ounces of silver. A windfall by any measure and a testament to the mine’s productivity. Untapped Potential Sparks Investor Frenzy In a riveting development, MAG Silver proclaimed,

March 19, 2024

Ron Finklestien

mining

Unlocking Value: Aurion’s Soaring Stock Price Driven by B2Gold JV Discovery in Lapland

Aurion CEO Applauds Team’s Success Aurion CEO Matti Talikka commended the recent greenfield discovery on a blind target within the Aurion-B2Gold 290 sq. km JV property, praising the quality of B2Gold’s exploration team. Intra-Day Stock Surge and Market Cap Aurion’s shares surged to an intra-day high of C$0.62 before settling at C$0.59, reflecting investor enthusiasm. The company commands a market capitalization of C$79.5 million. Exploration Program Progress The completion of 4,000 meters of diamond drilling in the current year holds promise for substantial results. However, the program was disrupted following Rupert Resources’ expression of interest in acquiring B2Gold’s 70% interest

February 27, 2024

Ron Finklestien

mining

Investors Rally Behind Coeur’s $25 Million Funding Initiative for Canadian Venture

The Silvertip Project Revival The Silvertip mine and mill in B.C. have been on care and maintenance since 2020. Credit: Coeur Mining Coeur Mining (NYSE: CDE) is embarking on an initiative to offer approximately 7.7 million flow-through shares, aiming to secure C$34 million ($25m). This capital injection will be channeled towards propelling exploration activities at its Silvertip silver-zinc-lead property, nestled in the heart of British Columbia, a mere 16 km south of the Yukon border. The strategic acquisition of the Silvertip mine and mill in 2017 was indeed a pivotal move by Coeur. However, operations at the site came to

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

February 5, 2024

Ron Finklestien

mining

Cornish Metals shares rise on new drill results from tin project in Cornwall

Cornish Metals Reports Positive Results From Tin Project in Cornwall Significant Tin Intercepts Unveiled The tectonic plates of the financial market jolted today as Cornish Metals Inc. unveiled sensational drill results from its tin project at the South Crofty mine in Cornwall. All six drillholes have intersected the Wide Formation lode structure, echoing the historical tin-bearing structures in the region. The confirmation of the Wide Formation structure over a substantial strike length of 1.6km and a downdip extension of 525m has sent ripples of excitement throughout the industry. Notably, the company reported substantial tin intercepts, such as 1.21m grading 0.87%