The latest results are more favorable than the 59% gold recovery used in a preliminary economic assessment completed in October 2018.
The company recorded net income of $3.3m on $36m in revenue during the past quarter, compared with a net loss of $3.5m on $37m in revenue during the year-ago quarter.
Here’s a look at eight active juniors with substantial copper assets in their property portfolios.
Quebec-focused Monarch Gold is taking a 14.2% stake in Unigold, whose Nieta project in the Dominican Republic has an open-pit inferred resource of 39.49 million tonnes.
The company has increased the mineral reserves at its Youga gold mine by 23% – extending the mine life by an additional four years to 2031.
Two stories published by The Northern Miner in 2018 have been nominated for the 2019 National Magazine Awards: B2B.
One of the largest gold mining companies in the world has taken a shine to Chakana Copper and its Soledad project in Peru.
Haywood Securities has initiated coverage of Minera Alamos with a buy rating and 12-month target price of C$0.40 per share.
The Carlin project is considered the largest, highest grade primary vanadium deposit in North America.
The company's stock was up over 7% by Tuesday afternoon.
The chairman and CEO also participated in the company’s rights offering last month.
The study indicates the project could produce 80,000 oz. gold per year over an 8.7 year mine life.
The Quebec pension fund has been a strategic partner and shareholder in the junior since 2014.
A $565m funding package brings Cupric Canyon Capital one step closer to turning its Khoemacau project into a major copper and silver mine in northwestern Botswana.
The company intends to complete detailed mapping, rock and soil sampling and possibly IP geophysics to confirm possible drill targets.
BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million.
The PFS assigns the project a $693m after-tax net present value at an 8% discount rate and a 21% after-tax internal rate of return.
The majority of production will feed the Japanese battery industry and will be sourced from the lithium carbonate produced from Orocobre’s Olaroz mine in Argentina.
The company tested Cerro Hermoso’s Central Breccia zone, Stockwork zone and Carbonate Replacement zone.
The company has drilled its longest continuous section of mineralization at its Gran Bestia copper-gold deposit,
The supply/demand dynamics benefit Australia’s iron ore miners, according to the latest research by the Macquarie Group.
The program will begin in May 2019 and explore around the historic United Western and United Eastern gold mines.
The company recently drilled 1,340 metres across five holes at the Spark pegmatite zone, part of its PAK lithium project in Ontario. All five holes intersected significant spodumene pegmatite.
The company has entered its second binding offtake agreement in two weeks, contracting to sell 10,000 tonnes of large and jumbo flake graphite concentrate to a private company in China.
The study demonstrated a post-tax net present value at a 5% discount rate of $266.9 million.