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2021-03-01 - Yahoo! Finance: BNCH.V News

Benchmark's $35 Million Cash Enables Drilling of New Discovery Targets from Widespread Gold and Silver Soil Anomalies and a 2021 Resource Expansion Program

Edmonton, Alberta--(Newsfile Corp. - March 1, 2021) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the Company or Benchmark) is pleased to announce the compilation of new and historical gold and silver soil geochemical results that cover an approximate 54 km2 of the 140 km2 land package. A number of widespread gold and silver soil anomalies have delineated new regional exploration targets, and advanced known discovery and resource zones across a strike ...

2021-03-01 - Yahoo! Finance: SLL.V News

Standard Lithium Successfully Produces >99.985% Purity Battery Quality Lithium Carbonate Using OEM Technology and Commences Lithium Hydroxide Conversion Program

HIGHLIGHTS >99.985% purity lithium carbonate produced using ‘off-the-shelf’ OEM technologyNow successfully demonstrated two different flowsheets for producing battery-quality carbonateLaunch of work converting Arkansas-produced LiCl into battery quality lithium hydroxide VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company today announced that it has successfully completed the conversion of its Arkansas-produced lithium chloride into 99.985% pure lithium carbonate using OEM technology. The work was completed by Veolia Water Technologies (Veolia) at their facility in Plainfield, Illinois, and demonstrates that the lithium chloride intermediate product produced by Standard Lithium’s industrial scale LiSTR Direct Lithium Extraction (“DLE”) plant in Arkansas can be converted into better-than battery quality lithium carbonate using established OEM carbonation technology. Dual Track Program for Lithium Carbonate ConversionAs part of a continuous process of derisking the Arkansas Lithium Project, Standard Lithium opted to evaluate two different processes to convert the LiCl solution made by the Arkansas DLE plant into a battery-quality material. The first was using the Company’s own patent-pending SiFT technology as previously reported (see news release dated December 03rd 2020). The second, as reported here, was via conventional technology, widely used within the industry and performed by Veolia. Concentrated lithium chloride solution produced by Standard Lithium was sent to Veolia and was then converted to lithium carbonate using a conventional flowsheet. This involves additional concentration; chemical softening/purification; initial conversion to solid lithium carbonate; redissolution to a bicarbonate solution and final crystallisation, washing and drying of battery quality lithium carbonate. The material produced was of exceptionally high purity, as shown in Table 1 below where the composition is compared to typical specifications for battery-grade lithium carbonate compiled from a variety of commercial sources and producers’ specifications Table 1: Analysis of Lithium Carbonate SpecificationStandard LithiumElementTargetLi2CO3 SampleppmppmChloride<100<50Sulphur<50<10Aluminium<10<3Barium<1<1Calcium<160<10Chromium<10<1Copper<10<1Iron<5<1Lead<10<1Magnesium<70<10Manganese<10<1Nickel<6<1Zinc<5<1Sodium<50014Potassium<10<10Boron<30<1Silicon<4026 Total Impurities<142 The total impurities of <142 ppm implies an overall purity of >99.985%. The Company has now successfully demonstrated two separate crystallisation flowsheets that can take lithium chloride produced from the Smackover Formation brine and convert it into high purity battery-quality lithium carbonate. As the Company continues to move towards commercialisation, successful demonstration of alternative technologies in key areas of the flowsheet allows it to reduce project execution risk and offers greater flexibility regarding the final flowsheet that will be deployed at commercial scale. Lithium Hydroxide Conversion ProgramStandard Lithium continues to innovate and optimise its flowsheet, and with a view to expanding product offerings from the Smackover resource, it has commenced work to assess the feasibility of directly converting LiCl produced by the LiSTR DLE plant in Arkansas into battery quality lithium hydroxide. This work is ongoing, and the Company will provide results as they become available. Dr. Andy Robinson, President and COO of Standard Lithium commented “We’ve now demonstrated that we can convert to battery quality lithium carbonate using the Company’s SiFT technology; that we can get to the same end-product using established technology developed and sold by global OEMs; and now we’re looking to add battery quality lithium hydroxide to the product offering. In the background, we continue to rapidly advance both project and corporate development work. We’re excited about reaching the various milestones ahead of us and, if we’re successful, taking this globally important project into commercialisation.” Quality AssuranceDr. Ron Molnar, Professional Metallurgical Engineer (Ontario P.E.# 100111288), is a qualified person as defined by NI 43-101, is independent of the Company, and has reviewed and approved the scientific and technical information that forms the basis for this news release. About Standard Lithium Ltd.Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The Company has commissioned its first-of-a-kind industrial scale Direct Lithium Extraction Demonstration Plant at LANXESS’ South Plant facility in southern Arkansas. The Demonstration Plant utilizes the Company’s proprietary LiSTR technology to selectively extract lithium from LANXESS’ tailbrine. The Demonstration Plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally-friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTC - Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com On behalf of the Board of Standard Lithium Ltd.Robert Mintak, CEO & Director. For further information, contact Anthony Alvaro at (604) 240 4793 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

2021-03-01 - Yahoo! Finance: FCU.TO News

Fission CEO, Ross McElroy, to Present at the BMO Global Metals and Mining Conference (Virtual)

TSX SYMBOL: FCU OTCQX SYMBOL: FCUUF FRANKFURT SYMBOL: 2FUKELOWNA, BC, March 1, 2021 /CNW/ - FISSION URANIUM CORP. (Fission or the Company) is pleased to announce that President and CEO, Ross McElroy, will present at the BMO Metals and Mining Conference, which will take place virtually from March 1 – 5, 2021.

2021-03-01 - Yahoo! Finance: APY.TO News

Anglo Pacific Group PLC Announces Directors Share Dealings & Grant of Awards

14% Patrick MeierNon-Executive Chairman56,167337,0060.15% Graeme DacombNon-Executive Director39,06394,0630.

2021-03-01 - Yahoo! Finance: OMI.TO News

Orosur Mining Inc Announces Exercise of Warrants, Issue of Shares and TVR

Exercise of Warrants, Issue of Shares and Total Voting RightsLONDON, UK / ACCESSWIRE / March 1, 2021 / Orosur Mining Inc. (Orosur or the Company)(TSX:OMI)(AIM:OMI), a South American-focused gold developer and explorer, wishes to advise that, following exercise of warrants, the Company has issued a further 794,118 new common shares of no par value each (Common Shares) from its block listing authority of 24 February 2021 (the Share Issue) for a total consideration of £202,500.

2021-03-01 - Yahoo! Finance: HZM.TO News

Horizonte Minerals PLC: Appointment of Head of Projects

LONDON, March 01, 2021 (GLOBE NEWSWIRE) -- Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) (‘Horizonte’ or ‘the Company’) the nickel company focused on Brazil, is pleased to announce the appointment of Michael Drake as Head of Projects. In his role as Head of Projects, Michael’s primary responsibility will be overseeing the development of Horizonte’s two 100% owned projects, the Araguaia ferro-nickel project (“Araguaia”) and the Vermelho nickel-cobalt project (“Vermelho”). Work is currently focussed on starting construction at Araguaia subject to closing project finance, while Vermelho is being progressed through to feasibility study and permitting. Michael will be based out of the Company’s Brazilian headquarters in Belo Horizonte, where he will work closely with the Company’s in-country team. Michael is a Mechanical Engineer with extensive international leadership experience in the construction, operation and optimisation of medium to large capex projects, with extensive expertise in both ferro-nickel, and nickel acid-leach operations. Prior to joining Horizonte, Michael worked for BHP, Newcrest Mining, and WMC Resources. At BHP, Michael led Cerro Matoso’s US$350 million ferro nickel production line refurbishment with a complete furnace rebuild in Colombia. As Vice President: Projects and Engineering at Nickel West, he was responsible for the implementation of a US$5 billion capital investment programme, and he led the asset ramp-up phase of the Ravensthorpe nickel operation in Australia. Michael is a graduate from Curtin University and also has an MBA from the University of Western Australia. Commenting on the appointment, Jeremy Martin, Horizonte’s CEO, said: “We are pleased to welcome Mike to the Horizonte team. He has extensive experience in developing, operating and optimising nickel operations, his experience across both RKEF and HPAL technologies is well suited to the development of both of Horizonte’s projects. Mike will oversee the development of Araguaia and Vermelho in Brazil and will also be an invaluable asset to the corporate team in London. Horizonte has the capability to build and deliver the Araguaia ferro-nickel project, as well as simultaneously progressing Vermelho. The continued development of the broader team is a critical workstream as we advance our transition towards becoming a nickel producer.” For further information, visit www.horizonteminerals.com or contact: Horizonte Minerals plcJeremy Martin (CEO)Anna Legge (Corporate Communications)info@horizonteminerals.com +44 (0) 203 356 2901 Peel Hunt (NOMAD & Broker)Ross AllisterDavid McKeown+44 (0)20 7418 8900 About Horizonte Minerals:Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil. The Company is developing the Araguaia project, as the next major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, with the aim of being able to supply nickel and cobalt to the EV battery market. Both projects are 100% owned. CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, the ability of the Company to complete the Acquisition as described herein, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the ability of the Company to complete the Placing as described herein, and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: the inability of the Company to complete the Acquisition as described herein, exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, the inability of the Company to complete the Placing on the terms as described herein, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

2021-03-01 - Yahoo! Finance: ESM.TO News

Euro Sun Announces Robust Definitive Feasibility Study for the Rovina Valley Gold-Copper Project in Romania

Average annual gold equivalent production of 146,000 ounces over first 10 years at an average AISC of $790/gold equivalent ounce Total initial capex of $399 millionPre-tax Net Present Value of $447 million; IRR of 21.3% at $1,550/oz gold and $3.30/lb copper TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce the positive results of the Definitive Feasibility Study (“DFS”) on the Colnic and Rovina open pits - the initial phase of development of its Rovina Valley Gold and Copper Project (the “Rovina Valley Project”) in Romania. Along with the DFS, the Company is also providing an updated mineral resource estimate for the Rovina Valley Project incorporating current metal prices and operating parameters. All amounts are in US dollars unless otherwise indicated. Euro Sun is utilizing a phased development approach for the Rovina Valley Project. The Rovina Valley Project consists of two open pit gold-copper deposits, Colnic and Rovina, and the underground Ciresata gold-copper deposit. The DFS is focused on the exploitation of the two open pit operations. The Ciresata underground deposit is expected to be phased in following the completion of the Colnic and Rovina pits. HIGHLIGHTS Average annual gold equivalent production of 146,000 ounces in year 1-10, consisting of 106,000 ounces of gold and 19 million pounds of copper per annumAverage AISC of $790/gold equivalent ounces in years 1-10Initial capex is expected to be $399 million (including $12.7 million in pre-strip)Pre-Tax NPV5% of $447 million with an IRR of 21.3% and Post-Tax NPV5% of $359 million with an IRR of 19.2% at $1,550/oz gold and $3.30/lb copperProcessing 21,000 tonnes per day incorporating simple flotation and dry stack tailings Phase 1 production of over 1.3 million ounces of gold and 400 million lbs of copper (185k tonnes) over 16.8 years Scott Moore, Euro Sun’s CEO states, “The 2021 Definitive Feasibility Study highlights a positive economic project for our initial phase of development at the Rovina Valley Project. An expanded life of mine to almost 17 years coupled with a conservative metal price model has delivered an NPV almost 100% higher than the PEA of 2019. The DFS delivers a much higher degree of confidence in both the capital required to build the project and the operating costs, even when utilizing higher cost dry stacking. At spot copper and gold prices, the NPV almost doubles again highlighting the enormous leverage of the Rovina Valley Project.” Table 1: Definitive Feasibility Highlights DFS Phase 1 HighlightsLife of MineFirst 10 YearsGold price$1550/ozCopper price$3.30/lbProcessing Rate21,000 tonnes per dayMine Life16.8 Years Average annual gold equivalent production132,000 ounces146,000 ouncesAverage annual gold production81,000 ounces106,000 ouncesAverage annual copper production24.3 million pounds19 million poundsAll-in sustaining costs$813/oz Au eq$790/oz Au eq Pre-strip Capital$12.7 million Initial Capital$386.6 million Total Initial Capital$399.2 million Sustaining Capital$47.7 million Pre-Tax NPV (5% discount rate)$447 million Pre-Tax IRR21.3% Post-Tax NPV (5% discount rate)$359.3 million Post-Tax IRR19.2% The technical report related to the DFS results will be filed on SEDAR within 45 days, in accordance with National Instrument 43-101 (“NI 43-101”) The study has been prepared with input from the following independent consultants: Caracle Creek International Consulting MINRES – CCIC (South Africa)Mineral resourcesDRA (South Africa)Mining, mineral reservesERM (Romania)Environmental and socialKlohn Crippen Berger (KCB) (Canada)Tailings facilities, Geotechnical and HydrogeologyLawrence Consulting (Canada)GeochemistrySENET (South Africa)Processing plant and infrastructureSENET and Sidus ConsultingEconomic valuation / financial modelling Rovina Valley Gold-Copper Project Overview The Rovina Valley Project is situated in the Hunedoara county of Transylvania in western – central Romania. The Rovina Valley Project consists of three deposits, Rovina to the North, Colnic Central and the Ciresata deposit to the south. The DFS only incorporates with the Rovina and the Colnic deposits while the Ciresata deposit can be brought into the project for development later. The Rovina exploration licence is held by Samax Romania S.R.L a Romanian registered company which is a wholly owned subsidiary of ESM. Since November 2018, ESM has possessed an exploitation permit and mining licence with a renewable 20-year validity. The Colnic and Ciresata deposits are described as gold-copper porphyries while the Rovina deposit is termed a copper-gold porphyry. All three of these deposits are located such that they can access a central processing plant. The Rovina Valley Project processing facility is being designed to produce a gold and copper concentrate from the Colnic and Rovina deposits. The Rovina Valley Project is within the Golden Quadrilateral Mining District of the South Apuseni Mountains, an area with a history of mining dating back to Roman times. This has supported the development of excellent infrastructure including rail, power and paved access roads. In addition, there are two international airports less than 180km from the project location. These being in the cities of Timisoara and Sibiu. The town of Brad is within 5km of the project site from where there will be a good source of local skilled labour. Sourcing the right skills and resources locally supports ESM community upliftment opportunities. The Rovina Valley Project is planned to be mined with a standard open-pit mining method using articulated trucks and a hydraulic loader. The open pit mining operation is anticipated to last approximately sixteen and a half years, during which the lower-grade material will be stockpiled on a pad close to the primary crusher location for treatment over another eighteen months. Over the life of the project, it is expected that 133.4 Mt of ore will be mined. Of this ore, 119.4 Mt will be delivered to the processing facility and 14 Mt low grade ore stockpiled for future processing. A total of 246.7 Mt of material will be mined and placed on the waste facility, representing a life of mine stripping ratio of 1.85:1. Tailings Management KCB have designed a waste management facility within the project area for the co-deposition of waste rock and filtered rougher tailings. Process plant rougher tailings will be filtered in the plant where the resultant filter cake will be transported by conveyors and will be co-mingled with waste rock prior to deposition. The cleaner tails will be filtered separately from the rougher tailings and the resultant filter cake will be transported by conveyors and deposited separately within a lined zone contained within the boundary of the co-mingled facility and will be stored separately in a lined zone of the waste management facility. This design has been engineered to reduce the risk of development of impacted seepage from potentially acid generating waste rock and capture the impacted seepage from the cleaner tailings. After completion of mining the Colnic pit, the waste rock and rougher tailings will be preferentially backfilled into the Colnic pit, while the cleaner tails will continue to report to the lined zone of the waste management facility. Capital Costs The estimated capital costs for the Rovina Valley Project were in almost all cases built up from quotations and proposals from equipment and service providers. The DFS costs currently utilize an owner purchased and operated mining fleet. All financial analysis for the Life of Mine includes the total design, construction and commissioning, production, and closure. Project Opportunities The DFS has been completed based upon the development of the Colnic and Rovina pits only. Further developing and treating the resource at Ciresata could further extend the life of the operation while utilising the same infrastructure and processing capabilities already in operation. Rovina Valley Project 2021 Resource Update Three porphyry deposits, Rovina (Cu-Au), Colnic (Au-Cu), and Ciresata (Au-Cu), from north to south, comprise the Rovina Valley Project and lie within Euro Sun’s 100% owned Rovina Mining License in west-central Romania. All three deposits are in close proximity and, given similar metallurgy, can be treated at a central processing facility. Colnic and Rovina are amenable to open-pit mining and are included in the current 2021 DFS, and Ciresata is envisioned as a bulk underground mining operation and will be evaluated for its economic potential in a later study. Euro Sun is releasing an updated National Instrument (NI) 43-101 compliant mineral resource estimate (2021 Resource Estimate) as provided by independent consultants CCIC (Geology) and DRA (Engineering) for the Colnic and Rovina deposits and included a detailed technical review of the resource models. The 2021 Resource Estimate updates the NI 43-101 compliant 2019 Resource Estimate on the Rovina and Colnic deposits completed by AGP Mining Consultants Inc. (Technical Report filed on SEDAR: Rovina Valley Project, Preliminary Economic Assessment, NI 43-101, Feb. 20, 2019) primarily to reflect the updated operating parameters used in the DFS and higher metal prices on resource constraining Lerchs-Grossman algorithm pit optimizer using appropriate cut-off grades. The geologic model and interpolated block models for Colnic and Rovina are not changed in this current estimate. Mineral resources were estimated in conformance with the CIM Mineral Resource and Mineral Reserve definitions referred to in NI 43-101 and are considered to have reasonable prospects for economic extraction. The technical report related to the mineral resource estimate shown below will be filed on SEDAR at www.SEDAR.com within 45 days. Qualified Persons The mineral resources results stated in this press release have been reviewed and approved by Mr. Sivanesan (Desmond) Subramani (Pri. Sci. Nat - 400184/06), Principal for Mineral Resources at Caracle Creek International Consultants, who is an independent Qualified Person as defined by National Instrument 43-101. Mr. D Subramani was responsible for the mineral resource estimate of the Feasibility Study. Mr. D Subramani confirmed that he has reviewed the information in this press release as it relates to the mineral resource estimate. Table 2: Rovina Valley 2021 Mineral Reserve Estimate Colnic and Rovina Deposits DepositClassificationTonnage (Mt)Au(g/t)Cu (%)Au(koz)Cu(t)ColnicProven24.270.640.11%500.526 860.9Probable49.490.520.08%828.741 004.7RovinaProven24.010.320.28%247.867 469.3Probable35.620.220.20%249.572 896.1Colnic & RovinaProven48.280.480.20%748.394 330.2Probable85.110.390.13%1 078.2113 900.8TotalProven & Probable133.400.430.16%1 826.5208 231.0 The Mineral reserve estimate uses a base gold price of $1,500/oz and a base copper price of $3.00/lb Notes: All tonnes quoted are dry tonnes. Differences in the addition of deposit tonnes to the total displayed is due to rounding. The estimate of Rovina Valley Gold Project Mineral Reserves are not at this stage materially affected by any known environmental, permitting, legal, title, taxation, socioeconomic, marketing, political, or other relevant issue. Furthermore, the estimate of Project Reserves is not materially affected by any known mining, metallurgical, infrastructure, or other relevant factor.Mineral Reserve estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definitions standards for Mineral Resources and Reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Table 3: Rovina Valley 2021 Mineral Resource Estimate Colnic and Rovina Deposits DepositClassificationTonnage(Mt)Au(g/t)Cu(%)Au(Moz) Cu(Mlb)Au Eq*(g/t)Au Eq*(Moz)ColnicMeasured29.10.650.120.61770.820.77Indicated97.50.490.101.532150.631.98RovinaMeasured33.10.360.290.382120.770.82Indicated78.10.260.220.663790.571.43Colnic & RovinaMeasured62.20.500.210.992890.791.58Indicated175.60.390.152.195940.603.41TotalMeasured & Indicated237.80.420.173.188820.654.99Notes: *Au and Cu Equivalent determined by using a long-term gold price of US$1,700/oz and a copper price of US$3.50/lb with metallurgical recoveries not taken into account.Mineral Resources are reported inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have have demonstrated economic viability.Mineral Resources are contained within a conceptual pit shells that are generated using the same economic and technical parameters as used for Mineral Reserves but at gold price of US$1,700/oz and a copper price of US$3.50/lb.Colnic and Rovina deposits are amenable to open pit mining and Mineral Resources are Pit constrained and tabulated at a base case cut-off grade of 0.35 g/t AuEq for Colnic and 0.25 % CuEq for RovinaMinor summation differences may occur, as a result of rounding.Mineral Resource estimates follow the CIM definition standards for Mineral Resources and Reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Table 4: Rovina Valley 2019 Mineral Resource Estimate Ciresata Deposit DepositClassificationTonnage(Mt)Au(g/t)Cu(%)Au(Moz) Cu(Mlb)Au Eq*(g/t)Au Eq*(Moz)CiresataMeasured28.50.880.160.811021.131.03Indicated125.90.740.153.014130.973.92TotalMeasured & Indicated154.40.770.153.825151.004.95Notes: From Table 14-20, Technical Report “Rovina Valley Project, Preliminary Economic Assessment, NI 43-101, Feb. 20, 2019 “ from AGP Mining Consultants Inc (available on SEDAR)Au and Cu Equivalent determined by using a long-term gold price of US$1,500/oz and a copper price of US$3.50/lb with metallurgical recoveries not taken into account.The Ciresata deposit is amenable to bulk underground mining and resources are tabulated at a base case 0.65 g/t Au eq. No Mineral Reserves have been defined at the Ciresata deposit. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.Minor summation differences may occur, as a result of rounding.Mineral Resource estimates follow the CIM definition standards for Mineral Resources and Reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. On a consolidated basis of measured and indicated resources, the Rovina Valley Project includes 392.2 Mt containing 6.98 Moz gold and 1,397 Mlbs copper equal to 9.94 M gold equivalent ounces. Mr. Randy Ruff, P.Geo, an employee of Euro Sun and a qualified person as defined by NI 43-101 has also reviewed and approved the contents of this press release relating to the mineral resource estimation. About Euro Sun Mining Inc. Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania, which hosts the second largest gold deposit in Europe. For further information about Euro Sun Mining, or the contents of this press release, please contact Investor Relations at info@eurosunmining.com Caution regarding forward-looking information:This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding the Company’s estimates, expectations, forecasts and guidance for production, all-in sustaining cost, capital expenditures, cost savings, project economics (including net present value) and other information contained in the feasibility study; as well as references to other possible events, the future price of gold and copper, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of the project and mining and processing activities, requirements for additional capital, government regulation of mining operations, and environmental risks. Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. This forward-looking information may be affected by risks and uncertainties in the combined business of the Company and market conditions, including (1) there being no significant disruptions affecting the Company’s operations whether due to extreme weather events and other or related natural disasters, labor disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; (2) permitting, development, operations and production for the Rovina Valley Project being consistent with the Company’s expectations; (3) political and legal developments Romania being consistent with current expectations; (4) certain price assumptions for gold and copper; (5) prices for diesel, electricity and other key supplies being approximately consistent with current levels; (6) the accuracy of the Company’s mineral reserve and mineral resource estimates; and (7) labor and materials costs increasing on a basis consistent with the Company’s current expectations. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company’s annual information form, financial statements and related MD&A for the financial year ended December 31, 2019 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. The Company has included certain non-GAAP financial measures in this press release, such as all-in sustaining costs (“AISC”) per ounce of gold sold, net present value (“NPV”). These non-GAAP financial measures do not have any standardised meaning. Accordingly, these financial measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with International Financial Reporting Standards (“IFRS”). AISC is a common financial performance measure in the mining industry but has no standard definition under IFRS. AISC includes operating cash costs, net-smelter royalty, corporate costs, sustaining capital expenditure, sustaining exploration expenditure and capitalised stripping costs. Other companies may calculate these measures differently and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The TSX does not accept responsibility for the adequacy or accuracy of this news release.

2021-03-01 - Yahoo! Finance: BSR.V News

Bluestone Increases NPV of Cerro Blanco by over 275% to $907 Million and Peak Gold Production to over 300 koz per Year

Vancouver, British Columbia--(Newsfile Corp. - February 28, 2021) - Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF) (Bluestone or the Company) is pleased to announce the findings of a preliminary economic assessment (PEA) that highlights an optimized project which doubles the gold resource ounces and production profile which effectively triples the NPV5% of the project to $907 million.The recent completion of advanced engineering and optimization work has significantly enhanced the understanding of the project and ...

2021-02-28 - MINING.COM

Falcondo’s La Manaclita ferronickel project in the DR is a no-go

Falcondo’s plan to mine the Loma Miranda area was considered controversial.

2021-02-28 - MINING.COM

Minesa to reapply for environmental license in Colombia

Owned by the government of Abu Dhabi, Minesa has said that it will continue to push for the Soto Norte gold project.

2021-02-28 - MINING.COM

New sensor promises low-cost detection of methane emissions, leaks

The ICLED-based sensor is able to detect methane concentrations as low as 0.1 parts per million.

2021-02-28 - Yahoo! Finance: BIP-UN.TO News

Better Buy: Brookfield Infrastructure Partners vs. Clearway Energy

Two of the better options are Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC) and Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), which yield 3.9% and 4.6%, respectively. Brookfield Infrastructure has done a masterful job creating shareholder value over the years. Fueling that growth has been double-digit increases in its cash flow and dividend during that period.

2021-02-28 - Yahoo! Finance: OMM.V News

Statement - Ministers of Veterans Affairs and National Defence mark 30th anniversary of the end of the Gulf War

28, 2021 /CNW/ - Today marks 30 years since the Gulf War came to an end, almost seven months after Iraqi forces invaded Kuwait. From 1990 to 1991, more than 4,000 Canadians served in the Middle East as part of the international Coalition that fought to restore freedom to the Kuwaiti people.

2021-02-28 - Yahoo! Finance: BTO.TO News

Be Sure To Check Out B2Gold Corp. (TSE:BTO) Before It Goes Ex-Dividend

Readers hoping to buy B2Gold Corp. ( TSE:BTO ) for its dividend will need to make their move shortly, as the stock is...

2021-02-27 - Yahoo! Finance: QGR.V News

Billionaire Stan Druckenmiller’s Top 10 Stock Picks

In this article we take a look at billionaire Stan Druckenmiller’s top 10 stock picks. The billionaire is making waves as he recently revealed that he is long Bitcoin and considers the cryptocurrency a valuable asset class. You can skip our detailed discussion of Druckenmiller’s history, his hedge fund’s performance and go to Billionaire Stan […]

2021-02-27 - Yahoo! Finance: BIP-UN.TO News

3 Unknown but Amazing Dividend Stocks

Finding good dividend stocks among the thousands of publicly listed dividend-paying companies can get so overwhelming that income investors often pick the easy route and buy popular stocks. In doing so, investors often miss some great dividend stocks with impeccable track records and solid dividend growth potential. Here are three such little-known but amazing dividend stocks that may have flown under your radar.

2021-02-27 - Yahoo! Finance: NGT.TO News

There's A Lot To Like About Newmont's (NYSE:NEM) Upcoming US$0.55 Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

2021-02-27 - Yahoo! Finance: CG.TO News

Centerra Gold Inc. (TSE:CG) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Shareholders might have noticed that Centerra Gold Inc. ( TSE:CG ) filed its full-year result this time last week. The...

2021-02-27 - Yahoo! Finance: NBR.V News

Ontario Lottery and Gaming Corporation - EVENING LOTTERY WINNING NUMBERS - February 26, 2021

26, 2021 /CNW/ - Friday 26/02/2021LOTTO MAX estimated jackpot $70 million LottoMax MAIN Draw 11, 17, 19, 22, 27, 31 & 40 Bonus.ca/en/releases/archive/February2021/27/c2867.

2021-02-27 - Yahoo! Finance: BSK.V News

TSX Venture Exchange Stock Maintenance Bulletins

26, 2021 /CNW/ -TSX VENTURE COMPANIESKALYTERA THERAPEUTICS INC.A) BULLETIN TYPE: CORRECTION, Reinstated for Trading, Company Tier Reclassification BULLETIN DATE: February 26, 2021 TSX Venture Tier 2 CompanyFurther to the TSX Venture Exchange bulletin dated February 24, 2021, the following symbol should have read as follows:KALYTERA THERAPEUTICS INC.

2021-02-27 - Yahoo! Finance: PAD.V News

Pan Andean Minerals Ltd. Announces Non-Binding LOI with Belmont to Acquire Lithium Project Interest

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2021) - Pan Andean Minerals Ltd. (TSXV: PAD) (Pan Andean or the Company) is pleased to announce it has entered into a non-binding Letter of Intent (LOI) agreement with Belmont Resources Inc. (BEA or Belmont) to acquire a 25% interest in the A Block of the Kibby Basin Lithium Project (the Kibby Lithium Property). Belmont is the owner of the property known as the A Block, located ...

2021-02-27 - Yahoo! Finance: SUNM.V News

Serengeti and Sun Metals Announce Results of Shareholder and Securityholder Meetings

26, 2021 /CNW/ - Serengeti Resources Inc. (TSXV: SIR) (Serengeti) and Sun Metals Corp.

2021-02-26 - Yahoo! Finance: FRE.V News

Citigroup Restates Earnings After Writing Down Revlon Loan

(Bloomberg) -- Citigroup Inc. restated fourth-quarter results after writing down a portion of a loan to Revlon Inc. it now owns after losing a court battle.The bank said in a regulatory filing on Friday that it now has rights as a creditor to the troubled cosmetics giant after it lost a court battle over a payment mistakenly sent to a band of lenders to Revlon in August. It’s since written down a portion of the loan.Separately in the filing, the bank said losses “related to certain legal matters” forced it to boost operating expenses in its institutional clients group by $390 million in the fourth quarter. That meant Citigroup’s net income for the final three months of the year came to $4.3 billion, compared with the $4.6 billion it reported in January.Citigroup was trying to send a periodic interest payment to a group of Revlon’s lenders in August when instead it transferred $900 million, an amount equal to the full principal of the loan plus interest.“After a careful assessment of the incident, Citi immediately put in additional controls to prevent similar loan disbursement errors in the future, while also embarking on a major upgrade of the loan infrastructure and controls,” the bank said in Friday’s filing.While some lenders opted to return roughly $389.8 million, the bank sued 10 fund managers to recoup the remaining funds.After a trial that was closely watched across Wall Street in December, Citigroup unexpectedly lost the case earlier this month. The bank continues to believe it is entitled to the funds and has said it will appeal.Separately on Friday, the firm said regulatory agencies in the Asia Pacific region are probing the firm’s equity sales trading desks.The probes are tied to facilitation trades, or transactions in which the bank “trades fully or partially as principal,” Citigroup said in the filing. The firm said it is cooperating with the investigation.(Updates with net income in third paragraph, quote in fifth.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

2021-02-26 - Yahoo! Finance: SSRM.TO News

SSR Mining Announces Appointment of Alison White as CFO

SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) (SSR Mining) today announced the appointment of Alison White as Executive Vice President and Chief Financial Officer.

2021-02-26 - Yahoo! Finance: NXS.V News

Nexus Gold Announces Warrant Extension and Repricing

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2021) - Nexus Gold Corp. (TSXV: NXS) (OTCQB: NXXGF) (FSE: N6E) (Nexus or the Company) is pleased to announce that it has extended the expiry and reduced the exercise price (the Amendment) to the terms of an aggregate of 12,532,477 warrants (each, a Warrant) issued by the Company. More particularly, the Company has amended the terms of 8,649,913 warrants set to expire on February 26, 2021. ...

2021-02-26 - Yahoo! Finance: AGC.V News

A year of progress as Amarillo meets key milestones for Posse Gold Project in 2020

This news release should be read in conjunction with our consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2020. Both are available at www.amarillogold.com, and under our company profile at www.sedar.com. All monetary amounts are in Canadian dollars unless stated otherwise. TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (TSXV: AGC, OTCQB: AGCBF) continued to move toward its goal of becoming a Brazilian gold producer, said the Company today as it announced its financial results for the year and three months ended December 31, 2020. Key achievements included delivering a positive feasibility study, closing a large equity financing, and, crucially, receiving the License to Install for the Posse Gold Project after year end. “I would like to thank our dedicated team for their efforts in securing the License to Install and further advancing the project,” said Mike Mutchler, Amarillo’s Chief Executive Officer. “We’ve met the significant milestones that we needed to meet, and have begun to prepare to break ground on Posse as soon as we finalize the balance of our construction financing.” At the Company’s Mara Rosa Property in the State of Goiás, the main focus was on advancing the Posse Gold Project. After publishing the feasibility study in August 2020, detailed engineering began on the processing plant, infrastructure, and earthworks areas. Orders have been placed for select long lead time equipment, and negotiations have been advanced to purchase mill and filtration plant equipment. Amarillo also signed an agreement to build a 138 kilovolt transmission line from Porangatu to Mara Rosa. The exploration program along the Posse Trend, aimed at finding satellite gold deposits that could increase Posse’s mine life, was also successful. Trenching results showed gold anomalies up to 8 kilometres northeast of Posse, and an induced polarization survey was completed in the fourth quarter. Amarillo secured a large equity stake for a portion of its construction financing for Posse after closing $57.2 million in equity offerings in August. The Company is working on securing the balance under the guidance of Auramet International, its financial adviser. Technical due diligence is ongoing with the goal of attaining successful financing. At Lavras do Sul, the focus was on starting to unlock the district scale potential of this highly prospective property and open a second development front. The Company has identified 22 targets and are following up on the Butia and Matilde targets. At the corporate level, Antenor Silva and David Laing, two mine builders with experience in Brazil, joined the board of directors. Mr. Silva co-founded Yamana Gold, where he was Chief Operating Officer, then President and Chief Operating Officer until his retirement in 2009. He was also a co-founder of MBAC Fertilizer Corp, and served as its Chief Executive Officer until July 2016. He has sat on the boards of several public companies, including Yamana Gold, Colossus Minerals, Oceana Gold, and Valdiam Resources. David Laing is a mining executive with 40 years of experience in mining operations, mine construction, mining finance, corporate development, and company building. He was most recently the Chief Operating Officer of Equinox Gold, where he led the rebuilding of the Aurizona Project in Brazil, a feasibility study on the restart of the Castle Mountain Mine in California, and the acquisition of the Mesquite Gold mine, also in California. He sits on the boards of Fortuna Silver Mines, Inc., Northern Dynasty Minerals Inc., Aton Resources, and Blackrock Gold Corp. While Brazil has been hit hard by Covid-19, the Company has been very fortunate. Neither of its operations have been affected by the pandemic, and the Company has full access to its properties. In Canada, Amarillo’s Toronto-based management team has been working from home since mid March 2020. So far, Covid-19 has not had a material impact on the Company’s financial condition or its performance. FINANCIAL RESULTS The following table summarizes the Company’s major operating expense categories for the fourth quarter of 2020 (Q4 2020) and 2019 (Q4 2019) and for the years ended December 31, 2020 and 2019. Three months endedYears ended December 31December 31 2020 2019 2020 2019 Category $ $ $ $ General and administrative (G&A) Consulting 160,831 40,153 371,223 323,434 Professional 171,401 224,921 713,288 856,267 Salaries and benefits 142,401 172,478 667,522 698,986 Directors’ fees 50,156 52,500 207,656 172,500 Marketing and promotion 27,522 60,852 107,417 314,507 Filing and transfer agent 66,327 16,953 135,904 78,509 Travel 63 12,964 9,688 41,304 Other G&A 53,606 71,013 194,610 260,285 Total G&A 672,307 651,834 2,407,308 2,745,792 Recovery of legal fees from WPC – – (187,000)– Stock-based compensation 1,342,867 18,168 1,342,867 1,004,270 Financial advisory services 467,676 36,000 540,965 36,000 Foreign exchange loss/(gain) 50,641 107,701 (195,284)153,489 Interest income (50,295)– (50,295)– Interest and finance charges (18,204)111,590 11,273 121,041 Gain on debt settlement – (5,417)– (5,417)Net loss and comprehensive loss 2,464,992 919,876 3,869,834 4,055,175 For the year ended December 31, 2020, Amarillo recorded a loss of $3,869,834 (2019: $4,055,175) mostly as a result of the following. Consulting fees of $371,223 in 2020 (2019: $323,434) consisted of: financial and technical advisory services paid to various consultants of $211,441 (2019: $72,881)marketing and investor relations consultants of $149,806 (2019: $182,400)chief exploration geologist $nil (2019: $81,970) who departed in Q3 2019fees in Brazil of $9,976 (2019: $3,148). Professional fees (including legal, audit, accounting and advisory) of $713,288 in 2020 (2019: $856,267) consisted of $251,669 (2019: $392,925) in Canada and $461,619 (2019: $463,342) in Brazil. Salaries and benefits of $667,522 in 2020 (2019: $698,986) consisted of $542,707 (2019: $521,656) in Canada and $124,815 (2019: $177,330) in Brazil. Salaries in Canada relate to the CEO of $300,000 (2019: $300,000) and the CFO of $200,000 (2019: $200,000) plus government benefits. Salaries in Brazil declined due to the weakening of the Brazilian real versus the Canadian dollar. Directors’ fees in 2020 were $207,656 (2019: $172,500). Directors other than the CEO are compensated an annual fee of $35,000, which was increased from $20,000 per annum effective October 1, 2019. Five directors earned fees of $5,000 each per quarter in 2019 plus an additional $72,000 for one of the directors. In 2020, there were six directors who each earned $8,750 per quarter. Marketing and promotion of $107,417 in 2020 (2019: $314,507) declined due to less trade shows and travel mostly related to the Covid-19 restrictions. Filing and transfer agent fees of $135,904 in 2020 (2019: $78,509) increased in 2020 compared to 2019 due to the increase in shares as a result of the August 2020 issuance of shares. Other general and administrative expenses of $194,610 in 2020 (2019: $260,285) include $123,236 (2019: $215,569) related to operations in Brazil, and $71,374 (2019: $44,716) related to operations in Canada. Brazil expenses declined due to the weakening of the Brazilian real versus the Canadian dollar. Canadian expenses increased due to an increase in website, communications, and data room maintenance. Stock-based compensation of $1,342,867 (2019: $1,004,270) related to: an expense of $1,070,960 (2019: $871,880) from 4,400,000 (2019: 4,600,000) stock option grants that vested immediately out of a granted total of 7,930,000 (2019: 5,000,000).the remaining 3,530,000 options granted in 2020 vest over a three-year period with an amortized expense of $271,907. The additional expense of $132,390 in 2019 resulted from the amortization of 2,000,000 stock options granted in Q1 2018 that vest over a two-year period. Financial advisory fees of $540,965 (2019: $36,000) related to fees paid for financial advisory services in search of construction financing for the Posse Project. Fees were paid in 2019 and 2020, as Amarillo continued to retain the financial advisor. In addition, after attracting an interested lender, the Company incurred additional fees for technical due diligence and independent technical engineering oversight. Amarillo also incurred fees related to starting a project execution plan in anticipation of successfully completing the construction financing and breaking ground once a construction decision is made. Foreign exchange losses and gains relate mostly to the ANM liability for all periods and to the WPC receivable to pay for this liability, which was recorded for the first time in Q2 2020. Both items are recorded in Brazilian reais. Interest income of $50,295 (2019: $nil) is due to cash on hand following the August 2020 financing that raised net cash of $55.1 million. Cash on hand at December 31, 2020 was $52.4 million, most of which is invested in short term savings and investment accounts awaiting deployment for constructing Posse, exploration, and general corporate purposes. ABOUT AMARILLO Amarillo is advancing two gold projects located near excellent infrastructure in mining-friendly states in Brazil. The development stage Posse Gold Project is on the Company’s Mara Rosa Property in Goiás State. It has a positive definitive feasibility study that shows it can be built into a profitable operation with low costs and a strong financial return. Mara Rosa also shows the potential for discovering additional near-surface deposits that will extend Posse’s mine life beyond its initial 10 years. The exploration stage Lavras do Sul Project in Rio Grande do Sul State has more than 22 prospects centered on historic gold workings. Amarillo trades on the TSXV under the symbol AGC and the OTCQB under the symbol AGCBF. Visit www.amarillogold.com to learn more about the Company’s focus on becoming a mid-tier Brazilian gold producer. CONTACT INFORMATION Mike MutchlerPresident & CEO416-294-0736mike.mutchler@amarillogold.com Annemarie BrissendenInvestor Relations416-844-6284annemarie.brissenden@amarillogold.com NOTES Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release. Forward-looking statements This news release contains forward-looking statements regarding the Company’s current expectations regarding future events, including its business, operations and condition, and management’s objectives, strategies, beliefs and intentions. Various factors may prevent or delay our plans, including but not limited to, the trading price of the common shares of the Company, capital market conditions, impacts from the coronavirus or other epidemics, counterparty risk, TSXV approval(s), contractor availability and performance, weather, access, mineral and gold prices, and success and failure of the exploration and development carried out at various stages of the program. Permission from the government and community is also required to proceed with future mining production. Readers should review the Company’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Company’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. Readers should also review the risk factors applicable to junior mining exploration companies generally to better understand the variety of risks that can affect the Company. The Company undertakes no obligation to update publicly or otherwise revise any Forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. PDF available: http://ml.globenewswire.com/Resource/Download/c852719a-e97b-4ad9-88a6-664b5ad67d9a

2021-02-26 - Yahoo! Finance: CASA.V News

Casa Minerals Inc. Announces AGM Results and Appointment of Andrew Rees to the Board of Directors

VANCOUVER, BC / ACCESSWIRE / February 26, 2021 / Casa Minerals Inc. (TSXV:CASA)(OTC PINK:CASXF)(Frankfurt:0CM) (the Company or Casa) today announced that all resolutions were passed by the requisite majority at its annual general meeting (AGM) held in Vancouver, British Columbia on February 25, 2021.

2021-02-26 - Yahoo! Finance: SIR.V News

Serengeti and Sun Metals Announce Results of Shareholder and Securityholder Meetings

VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Serengeti Resources Inc. (TSX-V: SIR) (“Serengeti”) and Sun Metals Corp. (TSX-V: SUNM) (“Sun Metals”) are pleased to announce the results of the Serengeti special meeting of shareholders and the Sun Metals special meeting of securityholders, which were held virtually on February 26, 2021. Serengeti Meeting A total of 61,078,247 common shares were voted at the Serengeti special meeting of shareholders, representing 55.02% of total common shares issued and outstanding as at the record date of the meeting. Shareholders voted in favour of all items put forward by the Board of Directors and management: 99.93% in favour of the resolution to approve the plan of arrangement involving Serengeti and Sun Metals Corp.;99.83% in favour of the resolution to approve the consolidation of Serengeti common shares (the “Consolidation”) on the basis of one (1) post Consolidation Serengeti common share for every two (2) pre-Consolidation Serengeti common shares;99.61% in favour of the resolution to approve the amended and restated stock option plan of Serengeti;99.67% in favour of the resolution of disinterested Serengeti Shareholders to approve a deferred share unit plan of Serengeti;99.67% in favour of the resolution of disinterested Serengeti Shareholders to approve a restricted share unit plan of Serengeti. Sun Metals Meeting A total of 70,399,056 common shares, 11,182,667 stock options, and 586,250 warrants were voted at the Sun Metals special meeting of securityholders, representing 41.00% of total common shares issued and outstanding as at the record date of the meeting, 83.87% of stock options issued and outstanding as at the record date of the meeting, and 1.86% of warrants issued and outstanding as at the record date of the meeting. Shareholders, and shareholders, optionholders and warrantholders voting as a single class, voted 99.84% and 99.86%, respectively, in favour of the sole item put forward by the Board of Directors and management, being the resolution to approve the plan of arrangement involving Serengeti and Sun Metals Corp. The arrangement resolution was also approved by a majority of Sun Metals’ disinterested shareholders, as required under applicable securities laws. Plan of Arrangement In January 2021, Sun Metals obtained an interim order from the Supreme Court of British Columbia with respect to the proposed plan of arrangement, pursuant to which Serengeti will acquire all of the issued and outstanding common shares of Sun Metals, on the basis of 0.215 of a post-Consolidation Serengeti common share for each Sun Metals share, which is 0.43 of a pre-Consolidation Serengeti common share for each Sun Metals share on a pre-Consolidation basis (the “Transaction”). Subject to receipt of all requisite approvals, including final TSX Venture Exchange approval, court approval, and waiver or satisfaction of all relevant conditions, closing of the Transaction is expected to be on or about March 5, 2021. The Consolidation is anticipated to be completed immediately prior to closing of the Transaction. Following the Consolidation, the 111,653,368 outstanding common shares of Serengeti will be consolidated such that there will be approximately 55,826,684 outstanding common shares, not including any Serengeti common shares to be issued pursuant to the Transaction. Serengeti also intends to proceed with a name change to Northwest Copper Corp. in connection with the closing of the Transaction. The common shares of Serengeti are expected to trade at the open of the market on March 5, 2021 on a post-Consolidation and post-name change basis with the ticker symbol “NWST”. The Transaction will consolidate the contiguous copper-gold exploration and development assets of Kwanika and Stardust, both of which will benefit from operational synergies as the projects advance with a combined development strategy, along with the robust portfolio of British Columbia copper-gold assets held by the companies. The combined company will be well positioned and capitalized as a result of the recently completed $10,350,000 upsized subscription receipt financing of Sun Metals (the “Financing”) to take advantage of a strengthening copper market. Upon completion of the Transaction, Mark O’Dea will assume the role of Executive Chairman of Serengeti and the Serengeti board of directors will comprise Mark O’Dea, David Moore, Lewis Lawrick, Teodora Dechev, Sean Tetzlaff and Richard Bailes. David Moore will continue as Interim President and Chief Executive Officer until such time as a full time CEO is appointed, and Lauren McDougall will assume the role of Chief Financial Officer and Ian Neill the role of Vice President Exploration. Following the Transaction, Sun Metals shareholders, including holders of Sun Metals common shares issued on conversion of the subscription receipts issued from the Financing, will hold approximately 49.6% of the combined company. About Serengeti Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is currently advancing its majority-owned, advanced Kwanika copper-gold project and exploring its extensive portfolio of properties in north-central British Columbia. Additional information can be found on the Company’s website at www.serengetiresources.com. About Sun Metals Sun Metals is advancing its 100% owned flagship, high-grade copper-gold rich Stardust Project located in north-central British Columbia, Canada. Sun Metals also owns the Lorraine copper-gold project, and the OK copper-molybdenum project. On Behalf of the Board of Directors of Serengeti Resources Inc. “David W. Moore” President, CEO & Director On Behalf of the Board of Directors of Sun Metals Corp. “Steve Robertson” President, CEO & Director For further information, please contact: Serengeti Resources Inc.Tel: 604-605-1300Email: info@serengetiresources.comSun Metals Corp.Tel: 604-683-7790Email: info@sunmetals.ca Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward Looking Information All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding anticipated benefits of the Transaction, the closing of the Transaction, the Financing, the Consolidation, the Kwanika and Stardust (the “Projects”), including anticipated operational synergies between the properties, are forward-looking statements. Although Serengeti and Sun Metals (the Companies) believe that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Companies can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Companies' periodic filings with Canadian securities regulators, and assumptions made with regard to: the Companies' ability to complete the proposed Transaction; the Companies' ability to secure the necessary legal and regulatory approvals required to complete the Transaction and meeting the other conditions to the closing of the Transaction; and the Companies' ability to achieve the synergies expected as a result of the Transaction. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from the Companies’ expectations include risks associated with the business of Serengeti and Sun Metals; risks related to the satisfaction or waiver of certain conditions to the closing of the Transaction; non-completion of the Transaction; risks related to reliance on technical information provided by Serengeti and Sun Metals; risks related to exploration and potential development of the Projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Serengeti and Sun Metals’s filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Neither Serengeti nor Sun Metals undertakes any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

2021-02-26 - Yahoo! Finance: FRE.V News

UPDATE 1-Citigroup revises earnings lower after losing Revlon case

Citigroup Inc said on Friday it recorded an additional $390 million in operating expenses in the 2020 fourth quarter after a U.S. federal judge ruled it was not entitled to recoup money it mistakenly wired to lenders of Revlon Inc last year. As a result, Citigroup revised its fourth-quarter earnings to $1.92 per share down from $2.08, according to a filing. In August, an operational error caused Citigroup to send $893 million of its own funds to the cosmetic company’s lenders, appearing to pay off a loan not due until 2023, when it intended to send only a $7.8 million interest payment.

2021-02-26 - Yahoo! Finance: FRE.V News

Citigroup revises earnings lower after losing Revlon case

Citigroup Inc said on Friday it recorded an additional $390 million in operating expenses in the 2020 fourth quarter after a U.S. federal judge ruled it was not entitled to recoup money it mistakenly wired to lenders of Revlon Inc last year. As a result, Citigroup revised its fourth-quarter earnings to $1.92 per share down from $2.08, according to a filing. In August, an operational error caused Citigroup to send $893 million of its own funds to the cosmetic company’s lenders, appearing to pay off a loan not due until 2023, when it intended to send only a $7.8 million interest payment.

2021-02-26 - Yahoo! Finance: BRO.V News

J&J single-dose COVID-19 vaccine gets green light from FDA

Johnson & Johnson's (JNJ) single-dose COVID-19 vaccine was given an emergency use authorization (EAU) Saturday evening by U.S. Food and Drug Administration (FDA), making it the third vaccine available in the U.S.

2021-02-26 - Yahoo! Finance: WPM.TO News

Has This Market Winner Lost Its Luster for Good?

Friday was a topsy-turvy day for the stock market, marking a fitting end to a tumultuous week. The Nasdaq Composite (NASDAQINDEX: ^IXIC), meanwhile, saw a nice push higher to rebound from outsized losses earlier in the week. Other financial markets saw big moves, with bond yields reversing lower, oil prices giving back about $2 per barrel to $61.50, and cryptocurrencies remaining under pressure.

2021-02-26 - Yahoo! Finance: BGS.V News

IIROC Trading Resumption - BGS

26, 2021 /CNW/ - Trading resumes in: Company: Baroyeca Gold & Silver Inc.TSX-Venture Symbol: BGSAll Issues: NoResumption (ET): 8:00 AMIIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company.

2021-02-26 - Yahoo! Finance: LUN.TO News

Lundin Mining Announces Updated Share Capital and Voting Rights

About Lundin MiningLundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act.

2021-02-26 - Yahoo! Finance: NEV.V News

Nevada Sunrise Closes Final Tranche of $400,000 Private Placement

/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/TSX Venture Exchange: NEVVANCOUVER, BC, Feb. 26, 2021 /CNW/ - Nevada Sunrise Gold Corporation (Nevada Sunrise or the Company) (TSXV: NEV) announced today that it has closed the second and final tranche of its non-brokered private placement as announced on February 1, 2021 and February 12, 2021 of 4,000,000 units (the Units) at a price of $0.

2021-02-26 - Yahoo! Finance: AL.V News

ALX Resources Corp. Announces Grant of Stock Options

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2021) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) (ALX or the Company) announced today that the Board of Directors has approved the allocation of 3,450,000 incentive stock options to directors, officers, employees, and advisors of the Company. The options are exercisable at $0.075 per share for a period of five years from issuance, and are subject to the following vesting provisions - one third ...

2021-02-26 - Yahoo! Finance: VRR.V News

VR Resources Closes Non-Brokered Flow-Through Private Placement for Proceeds of $150,000

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR; FSE: 5VR; OTCBB: VRRCF) (the “Company” or “VR”) is pleased to announce that it has closed its previously announced non-brokered flow-through private placement (“Financing”) consisting of 365,854 flow-through shares (“FT Shares”) at a price of $0.41 per flow-through share for gross proceeds of $150,000.14. In connection with the Financing, the Company paid a cash finders fee of $9,000.00, issued 10,975 finders share purchase warrants and paid a legal fee of $1,000. The finders warrants are exercisable at $0.55 per common share for a period of 18 months from todays closing. The securities that were issued under the Financing are subject to a four month hold period under Canadian securities law. VR will use the net proceeds of the Financing for mineral exploration on its Hecla-Kilmer property in Ontario., and more specifically for a detailed ground-based gravity geophysical survey set to commence next week. The securities have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold in the “United States” or to “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act) without registration under the U.S. Securities Act and all applicable state securities laws or compliance with an exemption from such registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. ON BEHALF OF THE BOARD OF DIRECTORS: “Michael H. Gunning”_____________________________Dr. Michael H. Gunning, PhD, PGeoPresident & CEO For general information please use the following: Website:www.vrr.caEmail:info@vrr.ca Phone:Michael Gunning 604-262-1104 About VR Resources VR is an established junior exploration company focused on greenfields opportunities in copper and precious metals (TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF). VR is the continuance of 4 years of active exploration in Nevada by a Vancouver-based private company. The diverse experience and proven track record of its Board in early-stage exploration, discovery and M&A is the foundation of VR. The Company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well financed for its exploration strategies and corporate obligations. VR owns its properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition. Forward Looking Statements This press release contains forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Forward looking statements in this release, for example include but are not limited to the Company’s plans to carry out exploration of its properties in Ontario. Although the Company believes that the use of such statements is reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Trading in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

2021-02-26 - Yahoo! Finance: EDDY.V News

Edison Closes Private Placement

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2021) - Edison Cobalt Corp (TSXV: EDDY) (Edison Cobalt or the Company) is pleased to announce it has completed a non-brokered private placement (see news release 02-23-2021) for aggregate gross proceeds of $1,000,000 through the issuance of 10,000,000 units at a price of $0.10 per unit.Each unit consists of one common share and one warrant. Each warrant entitles the holder to acquire one common share of the ...

2021-02-26 - The Northern Miner

JV Article: Sokoman seeks success at Moosehead in Central Newfoundland

There are substantial gold resources in Central Newfoundland, people have just been slow to find them. Sokoman Minerals Corp. (TSXV:SIC) has doubled down on the...

The post JV Article: Sokoman seeks success at Moosehead in Central Newfoundland appeared first on The Northern Miner.

2021-02-26 - Yahoo! Finance: AVL.TO News

Avalon Announces the Results of its 2021 Annual and Special Meeting of Shareholders

Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) (Avalon or the Company) announces the results of its 2021 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 25, 2021 (the Meeting). At the Meeting, all five director nominees listed in the Company's information circular dated January 12, 2021 were elected as directors of the Company. The detailed results of the vote are as ...

2021-02-26 - The Northern Miner

Northern Dynasty to appeal latest negative Pebble permit decision

The U.S. Army Corps of Engineers has accepted the request of Northern Dynasty Minerals (TSX:NDM) to appeal the latest refusal to grant a water licence...

The post Northern Dynasty to appeal latest negative Pebble permit decision appeared first on The Northern Miner.

2021-02-26 - The Northern Miner

Satori prepares to drill Tartan Lake gold project in Manitoba

Satori Resources (TSXV:BUD) has received the permits needed to begin drilling at its wholly owned Tartan Lake gold mine near Flin Flon, Man. Work has...

The post Satori prepares to drill Tartan Lake gold project in Manitoba appeared first on The Northern Miner.

2021-02-26 - Yahoo! Finance: TI.TO News

Titan Mining Updates Reporting at Mineral Ridge

VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX: TI) (“Titan” or the “Company”) announces that in satisfying the reporting requirements of the British Columbia Securities Commission Titan commissioned an independent consultant to prepare a technical report on the Mineral Ridge Project. The technical report for Titan was based on a technical report with an effective date of January 2, 2018, summarizing a feasibility study that was prepared for Scorpio Gold Corporation (“Scorpio Gold”) on Mineral Ridge. The technical report prepared for Titan differs in some respects to that prepared for Scorpio Gold given the more recent effective date of the report of December 1, 2020, and includes the reclassification of the Measured Mineral Resources within the existing heap leach pad to Indicated Mineral Resources, an addition of a surge pile to accommodate the crusher which modified the capital cost estimate, changes to the power costs that modified the operating cost estimate, review of commodity prices, and review of inputs to the economic analysis including changes to the gold price used in the analysis. The results of the study indicated that approximately 14,000 ounces of gold had been recovered from continued leaching from the existing leach pad since the 2018 technical report. While the independent consultant has confirmed that the volume of material on the leach pad is generally unchanged (outside of the 14,000 ounces of gold recovered from continued leaching), the extraction has made it unclear where the reported Measured Mineral Resources estimated for Scorpio Gold are precisely located on the leach pad. As a result, the independent consultant revised the Measured classification to Indicated. The below updated estimate of Mineral Resources and Mineral Reserves reflects the foregoing revisions. Table 1: Mineral Resources Summary Mineral Resource Estimate for Mineralization Contained within the Heap Leach Pad ClassificationTons ('000)Gold (opt)Silver (opt)Contained Gold ('000 oz)Contained Silver ('000 oz)Indicated7,2900.0150.015107.7109.3Inferred780.0140.0231.11.8 Notes: The effective date of the Mineral Resource estimate is December 1, 2020. The QP for the estimate is Mr. Ian Crundwell, P.Geo.Mineral Resources are quoted inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.Mineral Resources are contained within the Mineral Ridge leach pad facility with the following assumptions: a long-term gold price of $1,216/oz; assumed process costs of $11/t; and metallurgical recovery for gold of 91%.Silver was not used in the consideration of reasonable prospects for eventual economic extraction. Silver recoveries from heap leach pad material are projected to be 24%.Rounding may result in apparent differences when summing tons, grade and contained metal content. Tonnage and grade measurements are in Imperial units. Grades are reported in ounces per ton. Measured and Indicated Mineral Resource Estimate for Run of Mine Remnant Areas AreaClassificationTons ('000)Gold Grade (opt)Contained Gold ('000 oz)BrodieMeasured455.70.06328.6Indicated237.90.05613.4Subtotal Measured and Indicated693.60.06041.9CusterMeasured147.80.08312.3Indicated75.40.0886.6Subtotal Measured and Indicated223.20.08518.9Drinkwater HWMeasured527.30.04624.3Indicated209.20.04910.3Subtotal Measured and Indicated736.60.04734.6Mary LC & BunkhouseMeasured721.40.07251.7Indicated403.30.07429.8Subtotal Measured and Indicated1,124.70.07281.5OromonteMeasured235.80.16238.3Indicated169.00.07412.6Subtotal Measured and Indicated404.80.12650.9CombinedMeasured2,088.00.074155.2Indicated1,094.80.06672.6Total Measured and Indicated3,182.80.072227.8 Inferred Mineral Resource Estimate for Run of Mine Remnant Areas AreaClassificationTons ('000)Gold Grade (opt)Contained Gold ('000 oz)BrodieInferred2.40.0340.08CusterInferred———Drinkwater HWInferred180.10.05910.61Mary LC & BunkhouseInferred0.10.0610.01OromonteInferred0.40.0920.03CombinedTotal Inferred182.90.05910.73 Notes: The effective date of the Mineral Resource estimate is December 1, 2020. The QP for the estimate is Mr. Ian Crundwell, P.Geo.Mineral Resources are reported inclusive of Mineral Reserves at a gold cut-off grade of 0.01 opt. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.Mineral Resources are constrained to the area within the grade-shell wireframes. The areas outside of these grade shells are assumed to be at zero grade.These Mineral Resource are considered to be amenable to open-pit mining. Conceptual Whittle pit shells used the following assumptions: a long-term gold price of $1,350/oz; assumed combined operating costs of $12.36/t (mining, process, general and administrative); metallurgical recovery for gold of 95%, and variable pit slope angles that ranged from 38–42º.Rounding may result in apparent differences between when summing tons, grade and contained metal content. Tonnage and grade measurements are in Imperial units. Grades are reported in ounces per ton. Table 2: Mineral Reserves Summary Mineral Reserve Estimate for the Heap Leach Pad Mineral Reserve ClassificationTons ('000)Gold (opt)Silver (opt)Contained Gold('000 oz)Contained Silver ('000 oz)Probable7,2900.0150.015107.7109.3Less material remaining in place due to facility designs(260)0.0150.015(3.8)(3.9)Total Probable7,0300.0150.015103.9105.4 Notes: The Mineral Reserves have an effective date of December 1, 2020. The QP for the estimate is Mr. Jeffery Choquette P.E.Mineral Reserves are contained within the Project leach pad facility with the following assumptions: long-term gold price of $1,300/oz; assumed total ore process costs of $10.59/t; metallurgical recovery for gold of 91%, and 24% for silver, refining and smelting cost of $28.39/oz of gold. Allowance has been made for the facility location which excludes 260,000 t; this material must remain in-place, based on the heap material mining and tailings placement design.Rounding as required by reporting guidelines may result in summation differences. Mineral Reserve Estimate for the Run of Mine Remnant Areas Pit AreaMineral Reserve ClassificationTons ('000)Gold (opt)Contained Gold('000 oz)BrodieProven510.0422.1Probable120.0270.3Subtotal Proven and Probable630.0392.5CusterProven3140.04714.8Probable1440.0324.6Subtotal Proven and Probable4590.04219.4DrinkwaterProven8360.03832.1Probable3520.03311.7Subtotal Proven and Probable1,1890.03743.7Mary LCProven4700.03516.3Probable2760.0359.7Subtotal Proven and Probable7460.03526.0BunkhouseProven2390.04711.1Probable40.0210.1Subtotal Proven and Probable2430.04611.2OromonteProven5630.07139.8Probable4490.03013.7Subtotal Proven and Probable1,0120.05353.5Total CombinedProven2,4740.047116.2Probable1,2390.03240.1Total Proven and Probable3,7130.042156.3 Notes: The Mineral Reserves have an effective date of December 1, 2020. The Qualified Person for the estimate is Mr. Jeffery Choquette P.E.Mineral Reserves are reported within the pit designs at a 0.01 opt gold cut-off grade. Pit designs incorporate the following considerations: base case gold price of $1,300/oz; pit slope angles that range from 38–47º; average life-of-mine metallurgical recovery assumption of 93%; crushing costs of $1.81/t, process cost of $5.79/t, general and administrative and tax costs of $2.90/t; and average mining costs of $1.42/t mined.Rounding as required by reporting guidelines may result in summation differences. A technical report in support of the Mineral Resources and Mineral Reserves in this news release, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) titled “Mineral Ridge Project, Esmeralda County, Nevada, USA” with an effective date of December 22, 2020, has been filed on SEDAR concurrently with the issuance of this news release. Readers are encouraged to review the final technical report in its entirety. Data Verification Data verification performed in support of the Mineral Resource and Mineral Reserve estimates for Mineral Ridge included in the technical report prepared for Titan included site visits; review of QA/QC data, sampling analytical data and programs from Scorpio Gold and predecessor company drill campaigns; database verification; review of metallurgical data and metallurgical recovery assumptions including leach pad performance; review of mine and recovery plan assumptions; and review of commodity price, capital and operating cost assumptions. Drilling performed by Scorpio Gold primarily in the period 2014–2017 supports the Mineral Resource and Mineral Reserve estimates. Scorpio Gold employed a QA/QC program of certified reference materials (CRMs), blanks, and field duplicates inserted in the sample stream at the rate of approximately one control for every 20 samples. The same QA/QC program was generally employed for all samples submitted to each laboratory and the Scorpio Gold on-site assay laboratory. QA/QC procedures implemented during the 2014–2017 drill programs are generally acceptable to support the analytical precision and repeatability. The nature, extent, and results of the sample preparation, security, and analytical procedures, and the quality control procedures employed, and quality assurance actions taken by Scorpio Gold provide acceptable confidence in the drill hole data collection and processing to support Mineral Resource and Mineral Reserve estimation, and mine planning. Gold and silver assays can be used to estimate Mineral Resources and Mineral Reserves for the heap leach pad. Silver was not routinely assayed for in the remnant area drill programs. As a result, only gold estimation can currently be supported for these areas. Qualified Person The Qualified Persons who co-authored the technical report include Mr Todd Wakefield, RM SME, Mr Bruce Genereaux, RM SME, Mr Jeffrey Choquette, P.E., Mr Brian Arthur, RM SME, Mr Ian Crundwell, P.Geo., and Mr Kevin Lutes, P.E. The Qualified Persons supervised the preparation of the information that forms the basis for this news release. About Titan Mining Corporation Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine (“ESM”) located in New York state. In addition, Titan has an option to earn a 100% interest in the Mineral Ridge gold property in Esmeralda County, Nevada. Titan is built for growth, focused on value and committed to excellence. For more information on the Company, please visit our website at www.titanminingcorp.com. Contact For further information, please contact: Email: info@titanminingcorp.com

2021-02-26 - Yahoo! Finance: BTO.TO News

Canadian Museum of History Statement on the passing of Fredrik S. Eaton, O.C., O.Ont.

26, 2021 /CNW/ - The Canadian Museum of History was saddened to learn of the passing of Mr. Eaton, former Chair of the Board of Trustees.

2021-02-26 - Yahoo! Finance: MND.TO News

Mandalay Resources Corp. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Mandalay Resources Corp. (OTCQB:MNDJF) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 8:00 AM Eastern Time.

2021-02-26 - MINING.COM

Nickel, cobalt price: 10 charts show China’s grip on battery supply chain to last decades

Beijing's response to Biden executive order on critical minerals: Artificial efforts to shift these chains and to decouple is not realistic.

2021-02-26 - MINING.COM

China continues dominance of rare earths markets to 2030, says Roskill

In 2020, Chinese mines produced 110,000 tonnes of rare earths, which is more than 55% of total global mining output.

2021-02-26 - MINING.COM

Zinc8 Energy completes $11.8m equity raise

The Vancouver- based clean-energy startup is developing a zinc-based hybrid flow battery for large-scale electricity storage.

2021-02-26 - MINING.COM

MINING.COM MINUTE: Biggest stories of the week

Freeport to expand US copper mines as Biden moves to electrify the nation; Minnesota court hands victory to PolyMet copper-nickel project; Sibanye-Stillwater to invest in European lithium company.

2021-02-26 - Yahoo! Finance: WHN.V News

Westhaven Files Technical Report

VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) reports that it has filed a technical report in respect of its Spences Bridges Group of Properties (the “SBG Properties”), including the Shovelnose property, dated February 7, 2021 entitled “National Instrument 43-101 Technical Report on the Spences Bridge Group of Properties (SBG Group), Nicola and Kamloops Mining Divisions, British Columbia.” (the “Technical Report”) as prepared by Bruce L. Laird P.Geo. which contains exploration and drilling information about the SBG Properties. The Company clarifies that SBG Properties are early stage properties and there are no resource estimates on any of the SBG Properties. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. On behalf of the Board of DirectorsWESTHAVEN GOLD CORP.Gareth ThomasGareth Thomas, President, CEO & Director About Westhaven: Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square kilometres) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, in close proximity to power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low cost exploration. Westhaven is committed to the highest standards of environmental and social responsibility with a focus on generating positive outcomes and returns to all stakeholders. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-336-6921 or visit Westhaven’s website at www.westhavenventures.com

2021-02-26 - Yahoo! Finance: NTR.TO News

Nutrien Files 2020 Annual Disclosures

Nutrien Ltd (TSX and NYSE: NTR) announced today that its 2020 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, as well as its Annual Information Form are available on the EDGAR section of the U.S. Securities and Exchange Commission’s website at www.sec.gov and the Canadian Securities Administrators’ website at www.sedar.com.

2021-02-26 - Yahoo! Finance: BGS.V News

IIROC Trading Halt - BGS

26, 2021 /CNW/ - The following issues have been halted by IIROC: Company: Baroyeca Gold & Silver Inc.TSX-Venture Symbol: BGS All Issues: NoReason: At the Request of the Company Pending NewsHalt Time (ET): 1:01 PMIIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company.

2021-02-26 - MINING.COM

Copper price plunges as market waits for Shanghai whales’ next move

A lot would depend on the reaction of big Chinese players such as Shanghai Dalu Futures, which has amassed a $1 billion long position.

2021-02-26 - MINING.COM

Global silver output to rise 8.1% in 2021 – report

Global silver production is set to grow at a CAGR of 3.2%, reaching one billion ounces by 2024.

2021-02-26 - Yahoo! Finance: MUR.V News

Murchison Increases Non-Brokered Private Placement to $800,000

TORONTO, ON / ACCESSWIRE / February 26, 2021 / Murchison Minerals Ltd. (Murchison or the Company) (TSXV:MUR) announces a further increase of the non-brokered private placement (the Private Placement) to $800,000 (see press releases dated February 12 and February 16, 2021).

2021-02-26 - Yahoo! Finance: GLO.TO News

Media Advisory: Infrastructure Announcement for B.C.

26, 2021 /CNW/ - Members of the media are invited to join an important infrastructure event regarding phase two of the BC Transit Bus Shelters project. This news conference will take place in the presence of: * Patrick Weiler, Member of Parliament for West Vancouver–Sunshine Coast–Sea to Sky Country, on behalf of the Honourable Catherine McKenna, Minister of Infrastructure and Communities * The Hounourable Rob Fleming, B.

2021-02-26 - Yahoo! Finance: BTO.TO News

Canada and Ontario Deliver Affordable Housing for Families in Thunder Bay

26, 2021 /CNW/ - Every Canadian deserves a safe and affordable place to call home. The governments of Canada and Ontario are working together to deliver new affordable rental housing units in Thunder Bay.

2021-02-26 - MINING.COM

Calibre Mining stock takes hit on management change

President and CEO Russell Ball has stepped down, to be replaced by senior VP and COO Darren Hall.

2021-02-26 - Yahoo! Finance: BRO.V News

Barksdale Announces Officer Appointment and Grant of Stock Options

VANCOUVER, BC / ACCESSWIRE / February 26, 2021 / Barksdale Resources Corp. (Barksdale or the Company) (TSXV:BRO)(OTCQB:BRKCF) is pleased to announce the appointment of Ms.

2021-02-26 - Yahoo! Finance: AUX.V News

Canada's Forest Sector Develops Made-in-Canada Biodegradable PPE Solution

26, 2021 /CNW/ - While Canada's natural resource industries have been hard-hit by the COVID-19 pandemic, they remain resilient and innovative as they seek ways to contribute to efforts to keep us safe. The forest sector, in particular, has been at the forefront of the fight by supplying Canadians with vital personal protective equipment.

2021-02-26 - MINING.COM

Gold price hits 8-month low as bond yields rise

Gold is now in danger of a material move lower, one analyst said.

2021-02-26 - Yahoo! Finance: TECK-B.TO News

TECK vs. HBM: Which Stock Is the Better Value Option?

TECK vs. HBM: Which Stock Is the Better Value Option?

2021-02-26 - Yahoo! Finance: XAG.V News

Xtierra Drill Results on the Victor Vein

Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - Xtierra Inc. (TSXV: XAG) (Xtierra or the Company) is pleased to announce further positive and consistent drill results on another two drill holes of a five-hole program totaling 1800 meters into a previously identified structure (Victor vein) with high-grade silver mineralization located adjacent to and west of the main Bilbao Silver-Lead-Zinc deposit.The objective of the third hole, X6B, was to test the continuity between the two ...

2021-02-26 - Yahoo! Finance: AR.TO News

Media Advisory: Virtual Infrastructure Announcement in Toronto

Date:Monday, March 1, 2021 Time: 9:00 a. EST Zoom event:Media are asked to register via email with Anita Haidary at info@parc.

2021-02-26 - Latest updates

Northern Vertex Announces Management Change

2021-02-26 - Yahoo! Finance: HUD.V News

Early Warning News Release of Coal Island Ltd.

VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Coal Island Ltd. (“Coal Island”), with an address at 310 10991 Shellbridge Way, Richmond, British Columbia, V6X 3C6, announced today that on February 26, 2021, Coal Island disposed (the “Transaction”) of 18,466,827 common shares (the “Common Shares”) of Hudson Resources Inc. (the “Issuer”) at a price of $0.15566 per Common Share for gross aggregate proceeds of $2,874,546. Coal Island disposed of the Common Shares through the facilities of the TSX Venture Exchange. The head office of the Issuer is located at Suite 420 – 1639 West 2nd Avenue, Vancouver, BC, V6J 1H3. Immediately before the Transaction, Coal Island controlled over 18,466,827 Common Shares and 5,555,556 warrants (the “Warrants”) of the Issuer, representing approximately 10.35% of the issued and outstanding common shares of the Issuer on an undiluted basis and approximately 13.06% of the issued and outstanding common shares of the Issuer on a partially-diluted basis, assuming the exercise of the Warrants. Robert Shields, the Chief Executive Officer of Coal Island, also holds 250,000 options of the Issuer. After completion of the Transaction, Coal Island controls a total of 0 Common Shares and 5,555,556 Warrants, representing approximately 0% of the issued and outstanding common shares of the Issuer on an undiluted basis and approximately 3.03% of the issued and outstanding common shares of the Issuer on a partially-diluted basis, assuming the exercise of the Warrants. Robert Shields will continue to hold 250,000 options. Coal Island received $0.15566 per Common Share and aggregate gross consideration of $2,874,546 for the Common Shares. Coal Island disposed of the Common Shares for investment purposes. Coal Island intends to evaluate its investment in the Issuer and to increase or decrease its beneficial shareholdings from time to time as Coal Island may determine appropriate for investment purposes. This press release is issued pursuant to early warning requirements of National Instrument 62-104 and National Instrument 62-103, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the “Early Warning Report”). A copy of the Early Warning Report will be available under the Company’s SEDAR profile at www.sedar.com and may be obtained by contacting Christine Woodington of Coal Island, at (604) 877- 5350.

2021-02-26 - Yahoo! Finance: EDR.TO News

Preview: Endeavour Silver's Earnings

Endeavour Silver (NYSE:EXK) releases its next round of earnings this Monday, March 01. Here is Benzinga's essential guide to Endeavour Silver's Q4 earnings report. What Are Earnings, Net Income, And Earnings Per Share? Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue Endeavour Silver EPS is expected to be around $0.04, according to sell-side analysts. Sales will likely be near $38.33 million. In the same quarter last year, Endeavour Silver reported a loss per share of $0.13 on sales of $34.60 million. What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the consensus estimates; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an earnings surprise, which can really move a stock depending on the difference between actual and estimated values. View more earnings on EXK If the company were to match the consensus estimate, earnings would be up 130.77%. Revenue would be up 10.78% from the year-ago period. Here is how the Endeavour Silver's reported EPS has stacked up against analyst estimates in the past: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 0.03 0.03 0.03 0.04 EPS Actual 0 -0.02 -0.11 -0.13 Revenue Estimate 40.03 M 40.03 M 40.03 M 38.33 M Revenue Actual 35.59 M 20.20 M 21.93 M 34.60 M Stock Performance Over the last 52-week period, shares of Endeavour Silver are up 265.97%. Do not be surprised to see the stock move on comments made during its conference call. Endeavour Silver is scheduled to hold the call at 13:00:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaEarnings Preview: Sarepta TherapeuticsUnderstanding Cubic's Ex-Dividend Date© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

2021-02-26 - Yahoo! Finance: ERC.V News

Kruger Announces Expansion Project, Financial Contributions and Successful Start-Up of TAD Tissue Plant in Sherbrooke

1M 643 jobs created and retained in QuébecMONTRÉAL, Feb. 26, 2021 /CNW Telbec/ - Kruger Inc.

2021-02-26 - MINING.COM

Alrosa puts walnut-size diamond up for sale

The 242-carat diamond is one of the largest gem-quality ones mined by the Russian company since 2000.

2021-02-26 - The Northern Miner

JV Article: Mayfair on course with Fenn-Gib gold project

Successful people make successful mines. And some of the best have come together to create Mayfair Gold (TSXV: MFG) and unlock the true value of...

The post JV Article: Mayfair on course with Fenn-Gib gold project appeared first on The Northern Miner.

2021-02-26 - Yahoo! Finance: NRN.V News

Klöckner Pentaplast Launches Its New Sustainability Strategy

26, 2021 /CNW/ -- Klöckner Pentaplast (kp or the company), a leading global manufacturer of high barrier protective packaging solutions with industry-leading use of recycled content, today announced the launch of its new sustainability strategy, 'Investing in Better'. This follows on from the recent announcement of the successful completion of kp's entire capital structure refinancing, which is the first of its kind to incorporate an ESG-Ratchet Linked Term Loan marketed to U.

2021-02-26 - MINING.COM

Santacruz Silver to pay $20m for Zimapan mine in Mexico

The Canadian miner’s subsidiary signed a definitive agreement to acquire the asset from Industrias Peñoles.

2021-02-26 - MINING.COM

Canada losing ground on new mining projects – report

The Mining Association of Canada says the total 10-year projected value of $82 billion for new projects remains nearly 50% below the 2014 level of $160 billion.

2021-02-26 - Yahoo! Finance: GR.V News

Great Atlantic Commences Diamond Drilling at Its Copper, Cobalt, Nickel, Zinc, Gold Mascarene Property Southern New Brunswick

VANCOUVER, BC / ACCESSWIRE / February 26, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the Company or Great Atlantic) is pleased to announce it begun its maiden diamond drilling program at its Mascarene Property, located in southwest New Brunswick.

2021-02-26 - Yahoo! Finance: NCX.V News

Sirtex Medical receives positive recommendation from National Institute for Health and Care Excellence (NICE) for selective internal radiation therapy (SIRT) using SIR-Spheres®

26, 2021 /CNW/ -- Sirtex Medical US Holdings, Inc. (Sirtex), a leading manufacturer of targeted cancer therapies, received positive guidance from the National Institute for Health and Care Excellence (NICE) regarding the use of selection internal radiation therapy (SIRT) with SIR-Spheres® Y-90 microspheres for the treatment of adults with unresectable advanced hepatocellular carcinoma (HCC).

2021-02-26 - Yahoo! Finance: ORL.TO News

Orocobre Ltd. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Orocobre Ltd. (OTC PINK:OROCF) will be discussing their earnings results in their 2021 First Half Earnings call to be held on February 26, 2021 at 10:30 AM Eastern Time.

2021-02-26 - New Age Metals Inc.

NEW AGE METALS ANNOUNCES UPSIZE OF PRIVATE PLACEMENT TO $5.25 MILLION

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. News Release – Rockport, Ontario – February 26, 2021  – New Age Metals Inc. (TSXV: NAM) (OTCQB: NMTLF) (FSE: P7J) (“NAM” or the “Company“), is pleased to ... Read more

2021-02-26 - Yahoo! Finance: NXE.TO News

IIROC Trade Resumption - NXE

26, 2021 /CNW/ - Trading resumes in: Company: NexGen Energy Ltd.TSX Symbol: NXE All Issues: YesResumption (ET): 8:00 AMIIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company.

2021-02-26 - Yahoo! Finance: AGLD.V News

Austral Gold Files Preliminary 2020 Financial Report

Sydney, Australia--(Newsfile Corp. - February 26, 2021) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the Company or Austral) is pleased to announce that it has filed its Appendix 4E Preliminary Financial Report for the Financial Year Ended 31 December 2020. The Report is available under the Company's profile at www.asx.com.au and www.sedar.com and on the Company's website at www.australgold.comAbout Austral GoldAustral Gold Limited is a growing gold and silver mining, development and exploration ...

2021-02-26 - Yahoo! Finance: LMR.V News

Lomiko Moves Forward With La Loutre Graphite Development Plans as President Biden Signs New Executive Order to Review Electric Vehicle Supply Chains

Lomiko Neighbour Nouveau Monde Receives Governmental Approval for Mine Construction Location Map for the La Loutre Project Shows Infrastructure Advantages of the Project - Near an International Port and Highways. Vancouver, B.C., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the “Company) is pleased to report that US President Joe Biden issued an executive order Wednesday, February 24th, 2021 directing a review of U.S. supply chains with a special focus on key sectors affecting the U.S. auto industry, including semiconductor manufacturing, high-capacity batteries used in electric vehicles and rare earth minerals. Although not singled-out, China is both a major competitor and supplier for the U.S. auto industry, which is racing with automakers in Europe and Asia to develop and controls 65% of anode production, a key component of the lithium-ion battery made with graphite. “Nouveau Monde Graphite, our nearest neighbour, was recently provided a mining permit which bodes well for other groups in Quebec such as Lomiko.”, stated A. Paul Gill, CEO of Lomiko Metals, “Although we are only starting our development process, it is good to know there has been a nearby success story.” Natural Flake Graphite Markets Natural graphite is used in refractories, casting, and foundries. In 2019, this application accounted for about 45% of the natural graphite market. In addition, the batteries segment is expected to be the fastest-growing application over the next five years, and it is expected to the largest application by 2024. The increasing demand for graphite, for its usage in lithium-ion batteries used in electric vehicles, consumer electronics, and other electricity storage applications, is expected to increase the demand for natural graphite. The manufacturing capacity of the global lithium-ion battery market is expected to increase by four times, over its 2019 level, to reach around 1200 GWh in 2024. Furthermore, natural graphite is a low-cost alternative to synthetic graphite. This is further expected to increase the demand for natural graphite. However, the supply of natural graphite is scarce. Thus, the price of natural graphite is expected to rise during the forecast period. All these factors are expected to increase the demand for natural graphite, during the forecast period For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com. On Behalf of the Board, “A. Paul Gill” Chief Executive Officer We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release Attachment Picture1 CONTACT: A. Paul Gill Lomiko Metals Inc. (TSX-V: LMR) 6047295312 apaulgill@lomiko.com

2021-02-26 - Yahoo! Finance: ADZN.V News

GardaWorld Event Security Services Now Operating Under One, Unified Brand: BEST Crowd Management

New brand and expansion highlights company's continued growth and commitment to providing world-class event staffing and security services across North AmericaMONTREAL, Feb. 26, 2021 /CNW Telbec/ - BEST Crowd Management, a GardaWorld company, has been providing guest services, gate management, perimeter protection, executive protection and much more for over ten years.

2021-02-26 - Yahoo! Finance: SEA.TO News

Seabridge Gold to Present at the BMO 30th Global Metals and Mining Conference

Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) Chairman and Chief Executive Officer Rudi Fronk will be presenting at the BMO 30th Global Metals and Mining Conference on Thursday, March 4, 2021 at 11:15 a.m. Eastern Time. The live presentation will be available at bmo.qumucloud.com/view/2021-gmm-seabridgegold.ABOUT SEABRIDGESeabridge holds a 100% interest in several North American gold projects. Seabridge's principal assets are the KSM and Iskut projects located near Stewart, ...

2021-02-26 - Yahoo! Finance: SRL.V News

GardaWorld Event Security Services Now Operating Under One, Unified Brand: BEST Crowd Management

New brand and expansion highlights company's continued growth and commitment to providing world-class event staffing and security services across North AmericaMONTREAL, Feb. 26, 2021 /CNW Telbec/ - BEST Crowd Management, a GardaWorld company, has been providing guest services, gate management, perimeter protection, executive protection and much more for over ten years.

2021-02-26 - Yahoo! Finance: BUD.V News

Satori Receives Work Permit for Drilling at the Tartan Lake Gold Mine Project

Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - Satori Resources Inc. (TSXV: BUD) (Satori or the Company) is pleased to announce that it has received the permits required to commence drilling at the Company's wholly-owned Tartan Lake Gold Mine Project near Flin Flon, Manitoba. Preparatory work on the access road has commenced, drilling tenders are out for quote, and technical staff is being engaged to supervise a 3,200 metre diamond drill program targeting the ...

2021-02-26 - Yahoo! Finance: SZM.V News

ScoZinc Provides a Corporate Update & Joint Management Presentation with Fancamp Exploration

Halifax, Nova Scotia--(Newsfile Corp. - February 26, 2021) - ScoZinc Mining Ltd. (TSXV: SZM) (ScoZinc or the Company) is pleased to provide the following corporate updates to its shareholders on a range of matters.The President and CEO, Mr. Mark Haywood, commented: Following the completion of the Scotia Mine's robust Pre-Feasibility Study in July 2020, and the successful negotiations of the business combination with Fancamp Exploration, benefiting from its $25 million balance sheet, the Company ...

2021-02-26 - Yahoo! Finance: GG.V News

Galane Gold Ltd. Is Pleased to Announce That It Has Reached the Galaxy Ore Body

TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Galane Gold Ltd. (“Galane Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce that it has completed a new 2.2 kilometer adit and has accessed the Galaxy ore body at its Galaxy property (the “Mine”, or “Galaxy”) in South Africa. This represents the final material step required in the Company’s plan to unlock the potential of Galaxy. The three key components of the Galaxy plan were the recommencement of mining at the Princeton ore body (achieved April 2019), the upgrade of the existing processing plant to 50,000 tonnes per month (achieved December 2020) and completing the adit to the Galaxy ore body.(2) The completion of the adit eliminates the historic constraint to underground production at the Mine, that being the capacity of the Woodbine shaft which was limited to 15,000 tonnes per month. The path is now clear to ramp up to the planned production of 43,000 ounces per annum at an operating cash cost of $749 per ounce. (1)(2)(3) Galane Gold CEO, Nick Brodie commented: “I congratulate the team on what has been a gargantuan effort to help unlock the immense potential of Galaxy. Progressing at a maximum of three meters a blast for 2.2 kilometers can be challenging work, but every member of the team knew what it meant for the overall success of the project and are as committed on the last day as they were on the first day. It is difficult to underestimate what this means for the Galaxy project as we have now successfully removed all the material constraints to ramping up production. Galane has now completed important steps to more than double its production, and at the same time, reduce its operating costs.”(3) Highlights of the Galaxy Ore Body and the work done to access it A measured and indicated resource of 3,000,204 tonnes at 2.64g/t for a total of 254,241 ounces(2)An inferred resource of 2,383,040 tonnes at 2.83g/t for a total of 216,623 ouncesA 2.2 kilometer long adit from the surface measuring 5 meters high and 3.2 to 5 meters wideThe movement of 122,641 tonnes of waste rockThe discovery of a new mineralised zone, the Golden Comet, while mining the adit The main Galaxy access drive has intersected the underside of the 55 degree easterly dipping Galaxy mineral zone. Initial grades on the 8 meter wide exposure (face and sidewall) are up to 3 g/t, and reflect the highly altered nature of the ore body at this point. The drive is turning into the mineralisation and will intersect more silicified and higher levels of sulphides (with wider zones of mineralisation and higher grades). The primary infrastructure will continue to establish the production ramp and access to the first level of stoping. Diamond cover drilling has also started to provide geological and grade control information. About Galane Gold Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa. Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQB under the symbol “GGGOF”. Galane Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates. Notes:(1)Operating cash cost is a non-generally accepted accounting principles (GAAP) measure. Refer to “Non-GAAP Measures” below and “Supplemental Information to Management’s Discussion and Analysis – Cash Costs” in the Company’s Management’s Discussion and Analysis for the three and nine months ended September 30, 2020 (the “MD&A”), for reconciliation to measures reported in the Company’s financial statements.(2)The deposits at the Galaxy mine are supported by a technical report entitled “NI 43-101 Technical Report on the Galaxy Gold Mine, South Africa” which was issued on July 3, 2020 (the “Technical Report”), with an effective date of June 29, 2020, a copy of which is available under the Company’s profile on www.sedar.com. The Technical Report was prepared by Minxcon (Pty) Ltd and approved by Mr. Uwe Engelmann, BSc (Zoo. & Bot.), BSc Hons (Geol.) Pr.Sci.Nat., MGSSA, and Mr. Daniel (Daan) van Heerden, B Eng (Min.), MCom (Bus. Admin.), MMC, Pr.Eng., FSAIMM, AMMSA, both “qualified persons” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), and independent of the Company for the purposes of NI 43-101. The preliminary economic assessment (“PEA”) supported by the Technical Report is preliminary in nature as the resources included in the PEA are comprised 54% of inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized.(3)This is forward-looking information and is based on a number of assumptions. See “Cautionary Notes”. Non-GAAP Measures This press release makes reference to certain non-GAAP measures including operating cash cost. These measures are not recognized measures under Canadian GAAP and do not have a standardized meaning prescribed by GAAP. Therefore these measures may not be comparable to similar measures presented by other issuers. However, the Company believes that these measures are useful to assist readers in evaluating the total costs of producing gold from current operations. For more information regarding the non-GAAP measures used by the Company, see the information under the heading “Supplemental Information to Management’s Discussion and Analysis” in the MD&A. The financial statements for the three and nine months ended September 30, 2020, and the MD&A are available on SEDAR at www.sedar.com. Cautionary Notes Certain statements contained in this press release constitute “forward-looking statements”. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company’s future expansion at the Mine, mining strategies at the Mine, technical, financial and business prospects of the Company, future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to: the Company’s dependence on two mineral projects; gold price volatility; risks associated with the conduct of the Company’s mining activities in Botswana and South Africa; regulatory, consent or permitting delays; risks relating to the Company’s exploration, development and mining activities being situated in Botswana and South Africa; risks relating to reliance on the Company’s management team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks arising from the Company’s fair value estimates with respect to the carrying amount of mineral interests; mining tax regimes; risks arising from holding derivative instruments; the Company’s need to replace reserves depleted by production; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; lack of infrastructure; employee relations, labour unrest or unavailability; health risks in Africa; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate acquired assets; risks related to restarting production; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; development of the Company’s exploration properties into commercially viable mines; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; risks related to the market perception of junior gold companies; and litigation risk. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. Information of a technical and scientific nature that forms the basis of the disclosure in the press release has been prepared and approved by Kevin Crossling Pr. Sci. Nat., MAusIMM. and Business Development Manager for Galane Gold, and a “qualified person” as defined by NI 43-101. Mr. Crossling has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information please contact:Nick BrodieCEO, Galane Gold Ltd.+ 44 7905 089878Nick.Brodie@GalaneGold.comwww.GalaneGold.com

2021-02-26 - Yahoo! Finance: GRAT.V News

Almost 2,000 Canadians Tell Health Canada: Stop Unnecessary Vaping Regulations

26, 2021 /CNW/ - Today Rights4Vapers delivered 1,988 letters to Health Canada from vapers and supporters across the country who are opposed to Health Canada's latest attempt to restrict the options for vapers by capping the nicotine content in these life saving products at 20 mg/mL. These letters were also sent through the official submission process, but because of Health Canada's history of systematically excluding the voice of Canadians who vape from the regulatory process, we wanted to make sure that the Minister of Health and her senior officials were aware of the views of thousands of Canadians, said Maria Papaioannoy, spokesperson for Rights4Vapers.

2021-02-26 - Yahoo! Finance: MPVD.TO News

Mountain Province Diamonds Announces Plan for Restart of Operations at Gahcho Kué Mine

Mountain Province Diamonds Inc. (Mountain Province, or the Company) (TSX: MPVD) and (OTCQX: MPVD) reports that the ramp-up to resume operations at the Gahcho Kué Mine has begun. The mine suspended production related activities on February 6 after experiencing several cases of COVID-19.

2021-02-26 - Yahoo! Finance: ALTS.V News

Total Voting Rights

DIDCOT, UK / ACCESSWIRE / February 26, 2021 / Altus Strategies Plc (AIM: ALS)(TSX-V:ALTS)(OTCQX:ALTUF) announces that in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules (DTRs), the total issued share capital of the Company with voting rights is 70,097,601 Ordinary Shares of five pence par value each.The Company does not hold any shares in treasury.

2021-02-26 - MINING.COM

Scotgold shares fall on Cononish mine delayed ramp-up

The Scottish miner also said that slower than anticipated labour build-up and training will impact March production.

2021-02-26 - Yahoo! Finance: VGZ.TO News

Vista Gold Corp. Announces 2020 Financial Results

DENVER, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its audited financial results for the year ended December 31, 2020, which are highlighted by reported net income of $0.4 million for the year and cash totaling $8.2 million at year-end. Frederick H. Earnest, President and Chief Executive Officer of Vista, stated, “During 2020, we achieved strong financial performance as we executed and delivered on our initiatives to strengthen our balance sheet, identified opportunities to advance and bring greater value to our Mt Todd gold project (“Mt Todd” or the “Project”), maintained our strong social license, and commenced exploration opportunities targeting resource growth adjacent to the Batman deposit. CEO Video “In 2020, we funded working capital through successful monetization of non-core assets, ended the year with $8.2 million of cash, and positioned the Company to generate additional cash of up to US$4.6 million during 2021, of which $1.1 million has already been received. We initiated a drilling program to test the continuity of mineralization extending north from the Batman deposit, which included holes across the mineralized structure as far as 500 meters north of the last modelled mineralization. We continued to engage with the NT government to support its review of our Mining Management Plan (“MMP”), further dewatered the Batman pit, and strengthened our relationship with the Jawoyn Association through an updated and modernized agreement. “Looking ahead, we are excited about ongoing programs that present significant opportunities to realize shareholder value more in line with the value of Mt Todd. We continue to engage with potential partners and identify strategic opportunities to advance the development of Mt Todd in a way that preserves maximum Project ownership for our shareholders, while minimizing future dilution. Based on early success, we are adding a second drill to extend the ongoing drilling program.” The Company’s upcoming catalysts include: Final approval of the Mt Todd MMP, which management believes is forthcoming in the near future;Drill results which are expected over the coming weeks and continuing well into the second quarter; andCompletion of dewatering the Batman pit later this year. Summary of Financial Results At December 31, 2020, cash plus short-term investments (comprised of government securities) totaled $8.2 million and working capital was $8.3 million. Our cash position was further strengthened by $1.1 million received from Prime Mining Corp. (“Prime Mining”) in January 2021 and we expect to receive up to $3.5 million from upcoming cash payments of $1.0 million from Prime Mining and an option payment of $2.5 million for the cancelation of the Company’s royalty on the Awak Mas project. Working capital at December 31, 2019 was $7.8 million, including cash and short-term investments (comprised of government securities) of $4.7 million. The Company has no debt. For the fiscal year ended December 31, 2020, Vista reported net income of $0.4 million, or $0.00 per common share on both a basic and diluted basis, compared to a consolidated net loss of $9.4 million, or $0.09 per common share on both a basic and diluted basis for the fiscal year ended December 31, 2019. Net income for the year ended December 31, 2020 is comprised of $6.1 million in gains on the sale of the Los Reyes project and cancellation of the Awak Mas royalty, $2.4 million of gains related to the sale of our Midas Gold Corp shares, and other income of $0.3 million, offset by $8.4 million of operating expenses. The loss for the year ended December 31, 2019 is comprised of $8.1 million of operating expenses and a $1.6 million mark-to-market loss on our investment in Midas Gold Corp., offset by other income of $0.3 million. The Company’s consolidated audited financial statements and management’s discussion and analysis together with other important disclosures can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities. Management Conference Call Management’s quarterly conference call to review financial results for the fiscal year ended December 31, 2020 and to discuss corporate and project activities is scheduled for Monday, March 1, 2021 at 10:00 am MST (12:00 pm EST). Participant Toll Free: 888-378-4413 Participant International: 647-792-1280 Conference ID: 6120882 This call will also be archived and available at www.vistagold.com after March 1, 2021. Audio replay will be available for 21 days by calling toll-free in North America 888-203-1112 or 647-436-0148 with passcode 6120882. If you are unable to access the audio or phone-in on the day of the conference call, please email your questions to ir@vistagold.com. All dollar amounts in this press release are in U.S. dollars. For further information, please contact Pamela Solly, Vice President of Investor Relations, at (720) 981-1185. About Vista Gold Corp. The Company is a gold project developer. The Company’s flagship asset is the Mt Todd gold project in the Tier-1 mining jurisdiction of Northern Territory, Australia. Mt Todd is the largest undeveloped gold project in Australia and if developed as presently designed, would potentially be Australia’s 6th largest gold producer on an annual basis. For further information about Vista or the Mt Todd Gold Project, please contact Pamela Solly, Vice President of Investor Relations, at (720) 981-1185 or visit the Company’s website at www.vistagold.com to access important information, including the current Technical Report. Forward Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such things as the expected date for our management’s call regarding our financial results; our expectation to receive upcoming cash payments from Prime Mining and from the cancelation of the Company’s royalties on the Awak Mas project; our belief that final approval of our MMP is forthcoming; our plan to add a second drill to extend our exploration program, with results expected over the coming weeks and continuing well into the second quarter; our expectation to test the continuity of mineralization extending north from the Batman deposit; our plan to complete the dewatering of the Batman pit later this year; our plan to continue to engage with potential partners and to identify strategic opportunities to advance the development of Mt Todd in a way that preserves maximum Project ownership for our shareholders, while minimizing future dilution; and our belief that Mt Todd would potentially be Australia’s 6th largest gold project on an annual basis are forward-looking statements and forward-looking information. The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this press release include the following: our forecasts and expected cash flows; our projected capital and operating costs; our expectations regarding mining and metallurgical recoveries; mine life and production rates; that laws or regulations impacting mine development or mining activities will remain consistent; our approved business plans, our mineral resource and reserve estimates and results of preliminary economic assessments; preliminary feasibility studies and feasibility studies on our projects, if any; our experience with regulators; our experience and knowledge of the Australian mining industry and our expectations of economic conditions and the price of gold. When used in this press release, the words “optimistic,” “potential,” “indicate,” “expect,” “intend,” “hopes,” “believe,” “may,” “will,” “if,” “anticipate, ” and similar expressions are intended to identify forward-looking statements and forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, uncertainty of resource and reserve estimates, uncertainty as to the Company’s future operating costs and ability to raise capital; risks relating to cost increases for capital and operating costs; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on our operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; uncertainty as to the results of bulk metallurgical test work; uncertainty as to completion of critical milestones for Mt Todd; and uncertainty as to the impact of the ongoing global health crisis caused by the COVID-19 pandemic; as well as those factors discussed under the headings “Note Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s latest Annual Report on Form 10-K as filed in February 2021 and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities. Although we have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, we assume no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

2021-02-26 - Yahoo! Finance: AR.TO News

Argonaut Gold, Inc. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Argonaut Gold, Inc. (OTC PINK:ARNGF) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 9:00 AM Eastern Time.

2021-02-26 - MINING.COM

Australian state approved plans that would damage Aboriginal sites

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2021-02-26 - Yahoo! Finance: FOR.V News

Fortune Bay Commences Mobilization for Phase One Drilling at Goldfields Project

26, 2021 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (Frankfurt: 5QN) (Fortune Bay or the Company) is pleased to announce that it has received a drilling permit for its Goldfields Project (Goldfields or the Project) located in northern Saskatchewan (see Figure 1).

2021-02-26 - Yahoo! Finance: TLO.TO News

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Vela Diagnostics adds two SARS-CoV-2 assays for virus genotyping, and variant identification to its COVID-19 testing solutions

26, 2021 /CNW/ -- Vela Diagnostics announced that it has added ViroKey™ SQ FLEX SARS-CoV-2 Genotyping Assay and ViroKey™ SARS-CoV-2 ID RT-PCR Test to its portfolio offering.The ViroKey™ SQ FLEX SARS-CoV-2 Genotyping Assay (RUO) harnesses next-generation sequencing (NGS) technology to sequence the whole SARS-CoV-2 genome.

2021-02-26 - Yahoo! Finance: SMT.TO News

Sierra Metals Inc.'s (TSE:SMT) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

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NIO, SILVER VIPER, BYD: E-CAR INVESTORS SHOULD THINK OUTSIDE THE BOX

2021-02-26 - Yahoo! Finance: NOA.TO News

North American Construction Group Ltd. (TSE:NOA) Passed Our Checks, And It's About To Pay A CA$0.04 Dividend

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2021-02-26 - Yahoo! Finance: COBC.V News

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2021-02-26 - Yahoo! Finance: OR.TO News

Osisko Gold Royalties Ltd (OR) Q4 2020 Earnings Call Transcript

OR earnings call for the period ending December 31, 2020.

2021-02-26 - Yahoo! Finance: ORL.TO News

Orocobre Limited Reports H1 FY21 Results

BRISBANE, Australia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company), a dynamic global lithium chemicals producer, provides its financial results for the half year ended 31 December 2020 (H1 FY21). Highlights: The lithium market has rebounded and Orocobre prices for H2 FY21 are expected to increase >50% to approximately US$5,500/tonneA successful cost reduction program has seen quarterly cash cost of sales reduce by 28% since September 2019Brine concentrations are higher and more stable than previous years delivering higher plant recovery, better quality and more consistent productSuccessful capital raise of US$119.4 million, net of feesStatutory consolidated group net loss of US$29.1 million for H1 FY21 is down from a loss of US$18.9 million in the previous corresponding period (PCP). The underlying net loss after tax1 for the group is US$27.3 million with adjustments for restructuring costs, impairment, foreign exchange and other one-off itemsAttributable group EBITDAIX1 is negative US$6.3 million, down from positive US$2.2 million, due to weak market pricesTotal production of 6,079 tonnes of lithium carbonate, down 9% on pcp due to COVID-19 related operational restrictions and market demandOlaroz Lithium Facility results impacted by a weak September quarter, but conditions are improving: revenue of US$27 million, on sales of 7,738 tonnes of lithium carbonate (up 21% on pcp)EBITDAIX1 loss of US$3.9 million, down from US $6.1 million profit due to average sales priceAverage sales price received of US$3,492/tonne FOB2, down from US$6,157/tonne FOB2 in PCP As of 31 December 2020, Orocobre Group (corporate + 100% SDJ PTE + Borax) had cash of US$262.3 million following the capital raiseContract position has improved significantlyProgress is being made with the construction of the Stage 2 Expansion of the Olaroz Lithium Facility and Naraha Lithium Hydroxide Plant Orocobre Managing Director and CEO, Mr Martín Pérez de Solay said, “Orocobre has continued to deliver improved operating performance despite COVID-19 disruptions. Our business was impacted in the September quarter by weak market conditions, however the market has improved since the start of the December quarter. “Our operating strategy retains a focus on safety, quality and productivity which will improve profitability in the future as prices return to a sustainable level. Cost management remains paramount and we continue to eliminate non-essential spend. “Construction of our growth projects is progressing at the Naraha Lithium Hydroxide Plant and the Stage 2 expansion of Olaroz. We are now looking to the future with a study into Stage 3 at Olaroz and additional lithium hydroxide production,” he said. Future pricing Subject to market and operating conditions Orocobre expects the average sales price for H2 FY21 to be approximately US$5,500 per tonne (FOB)2 This announcement has been approved by the Orocobre Limited Board of Directors For more information please contact: Andrew BarberChief Investor Relations OfficerOrocobre LimitedT: +61 7 3720 9088M: +61 418 783 701E: abarber@orocobre.comW: www.orocobre.com Twitter: https://twitter.com/OrocobreLimitedLinkedIn: https://www.linkedin.com/company/orocobre-limitedFacebook: https://www.facebook.com/OrocobreLimited/Instagram: https://www.instagram.com/orocobre/YouTube: https://www.youtube.com/OrocobreLimited Click here to subscribe to the Orocobre e-Newsletter Notes: Unless otherwise stated, all financial data in this release is quoted in US Dollars. Orocobre’s results are reported under International Financial Reporting Standards (IFRS). This report also includes certain non-IFRS financial information, including the following: NCI is the non-controlling interest which represents the portion of equity ownership in SDJ PTEEBITDAIX is ‘Earnings before interest, tax, depreciation and amortisation, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’EBITIX is ‘Earnings before interest, tax, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’EBTIX is ‘Earnings before tax, impairment and foreign currency gains/(losses), share of associate losses and share of profit from joint ventures’‘underlying NPAT’ and ‘underlying EBITDAIX’ being statutory profit being adjusted for certain one off and non-recurring items Financial data has been translated to US Dollars using average exchange rates for the relevant period in the income statement. About Orocobre LimitedOrocobre Limited (Orocobre) is a dynamic global lithium carbonate producer and an established producer of boron. Orocobre is dual listed on the Australia and Toronto Stock Exchanges (ASX: ORE), (TSX: ORL). Orocobre’s interests include its Olaroz Lithium Facility in Northern Argentina, a material JORC Resource in the adjacent Cauchari Basin and Borax Argentina, an established boron minerals and refined chemicals producer. The Company has commenced an expansion at Olaroz and construction of the Naraha Lithium Hydroxide Plant in Japan. For further information, please visit www.orocobre.com. 1 see notes at end of release.2 Orocobre reports price as FOB (Free on Board) which excludes insurance and freight charges included in CIF (Cost, Insurance, Freight) pricing. Therefore, the Company’s reported prices are net of freight (shipping), insurance and sales commission. FOB prices are reported by the Company to provide clarity on the sales revenue that is recognized by Sales de Jujuy S.A., the joint venture company in Argentina managing the Olaroz Lithium Facility.

2021-02-26 - Yahoo! Finance: EDG.V News

Endurance Gold Announces Non-Brokered Private Placement

Not for Distribution to United States Newswire Services or for Dissemination in the United StatesVANCOUVER, BC / ACCESSWIRE / February 25, 2021 / Endurance Gold Corporation (TSXV:EDG) (Endurance or the Company) is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $2,000,000 (the Offering) through the sale of up to 6.452 million units (each, a Unit) at $0.

2021-02-26 - Yahoo! Finance: MND.TO News

Mandalay Resources Corporation Announces Fourth Quarter and Full-Year 2020 Financial Results

TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (Mandalay or the Company) (TSX: MND, OTCQB: MNDJF) is pleased to announce its financial results for the fourth quarter and full-year ended December 31, 2020. The Company’s consolidated financial results for the year ended December 31, 2020, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated. Fourth Quarter 2020 Highlights: Revenue of $45.3 million;Adjusted EBITDA of $25.3 million, third-highest quarterly result in Company history;Consolidated net income of $14.7 million, or $0.16 per share; andAdjusted net income of $12.1 million, or $0.13 per share. Full-Year 2020 Highlights: Revenue of $179.0 million, highest full-year result since 2016;Record adjusted EBITDA of $94.2 million;Record adjusted net income of $34.7 million, or $0.38 per share;Consolidated net income of $9.3 million, or $0.10 per share;$25.3 million in free cash flow and $72.2 million in net cash flows from operating activities; andConsolidated cash cost of $843 per Au Eq. oz produced, a 21% year-over-year improvement. Dominic Duffy, President and CEO of Mandalay, commented: “Mandalay’s fourth quarter 2020 capped off a tremendous year, one in which the Company demonstrated four consecutive quarters of dramatically improved operational and financial performance. These strong results demonstrate the sustainability of the Company’s turnaround.” Mr. Duffy continued, “In 2020 the Company generated $179.0 million in revenue and a record $94.2 million in adjusted EBITDA for a margin of 53% – also a record. We earned $12.1 million (CAD$0.17 per share) in adjusted net income during the fourth quarter, marking our fourth consecutive quarter of profitability. For the full-year, the Company generated $34.7 million (CAD$0.51 per share) in adjusted net income – representing approximately 25% of our market capitalization as at December 31, 2020. “Our consolidated cash cost for 2020 was $843 per saleable gold equivalent ounce produced; a 21% improvement as compared to the $1,066 for full-year 2019. These results were underpinned by Costerfield’s remarkable performance, which generated $20.0 million in quarterly adjusted EBITDA, bringing the site’s year-to-date total to $68.1 million.” Mr. Duffy added, “Costerfield’s operational and financial improvements are a direct result of the high-grade Youle deposit becoming the primary source of ore feed throughout 2020. Processed gold grades averaged 11.6 g/t gold and 4.3% antimony for the full-year 2020, a significant increase over the 2019 full-year average of 5.1 g/t gold and 2.5% antimony. We expect to see continued high gold grades at Costerfield over the course of 2021. This was done while also increasing the Mineral Reserves and mine life of the operation with the ramped-up exploration program carried out over 2020.” “Björkdal maintained stable production and sales, generating $81.5 million and $32.0 million in revenue and adjusted EBITDA, respectively, in 2020. The increase in revenue year-over-year was aided by stronger realized gold prices. We expect Björkdal to build upon its fourth quarter production success – the highest quarterly amount in 2020 – of 12,252 gold ounces as underground tonnages continue to rise as ore from Aurora’s higher-grade lower levels comes online.” Mr. Duffy continued, “Mandalay ended 2020 with a cash balance of $34.2 million which was slightly higher than that at the end of the third quarter. This 2020 ending cash balance does not include a $5.0 million payment relating to a delayed shipment at Costerfield. This payment would normally have been received in December but was received at the start of January 2021. The Company also repaid $6.0 million of its senior credit facility prior to the end of 2020, leaving $59.0 million owing. By year-end we also paid $4.9 million towards our hedging programs, however, mainly driven by the recent strengthening of the Australian dollar relative to the U.S. dollar, we anticipate receiving proceeds from the Australian dollar gold forward contracts in the near-term. Ultimately, we remain on track to meeting our goal of having our cash exceed our debt in 2021.” Mr. Duffy concluded, “2020 was a transformative year for the Company. Our results demonstrate the continued commitment of our employees and contractors to execute on our strategic initiatives and the underlying long-term value and cash-generating potential at both sites. This hard work has translated into strong financial performance and increased shareholder value. Looking ahead, we expect continued strong free cash flow generation, which will set the Company up for an exciting 2021 year and beyond.” Fourth Quarter and Full-Year 2020 Financial Summary The following table summarizes the Company’s financial results for the three months and year ended December 31, 2020 and 2019: Three monthsendedDec 31, 2020Three monthsendedDec 31, 2019Year endedDec 31, 2020YearendedDec 31, 2019 $’000$’000$’000$’000Revenue45,320 22,737 178,974 107,795 Cost of sales18,798 17,034 78,782 83,623 Adjusted EBITDA (1)25,346 4,732 94,247 18,804 Income from mine ops before depreciation, depletion26,522 5,703 100,192 24,172 Adjusted net income (loss) (1)12,065 (4,223)34,704 (10,403)Consolidated net income (loss)14,722 (5,328)9,309 (18,649)Capital expenditure14,194 10,225 46,878 37,969 Total assets301,284 258,592 301,284 258,592 Total liabilities165,505 146,840 165,505 146,840 Adjusted net income (loss) per share (1)0.13 (0.05)0.38 (0.13)Consolidated net income (loss) per share0.16 (0.07)0.10 (0.23) 1. Adjusted EBITDA, adjusted net income (loss) and adjusted net income (loss) per share are non-IFRS measures, defined at the end of this press release “Non-IFRS Measures”. In the fourth quarter of 2020, Mandalay generated consolidated revenue of $45.3 million, 99% higher than in the fourth quarter of 2019. This increase is attributable to Mandalay selling 8,514 more gold equivalent ounces in the fourth quarter of 2020 compared to the fourth quarter of 2019. The Company’s realized gold price in the fourth quarter of 2020 also increased by 32% compared to the fourth quarter of 2019, and the realized price of antimony was flat year-over-year. Consolidated cash cost per ounce of $929 decreased by 14% in the fourth quarter of 2020 compared to the fourth quarter of 2019, mainly due to higher production. Cost of sales during the fourth quarter of 2020 versus the fourth quarter of 2019 were $1.1 million lower at Costerfield, offset by a $2.8 million increase at Björkdal. Consolidated general and administrative costs were $0.2 million higher as compared to the prior year quarter. Mandalay generated adjusted EBITDA of $25.3 million in the fourth quarter of 2020, 436% higher compared to the Company’s adjusted EBITDA of $4.7 million in the year ago quarter. Adjusted net income was $12.1 million in the fourth quarter of 2020, which excludes the $10.8 million fair value gain related to the gold hedges associated with the Syndicated Facility, $1.6 million for the Lupin asset write down, $0.9 million in care and maintenance costs and a $5.6 million revisions to reclamation liabilities, compared to an adjusted net loss of $4.2 million in the fourth quarter of 2019. Consolidated net income was $14.7 million for the fourth quarter of 2020, versus a net loss of $5.3 million in the fourth quarter of 2019. Mandalay ended the fourth quarter of 2020 with $34.2 million in cash and cash equivalents. Fourth Quarter and Full-Year 2020 Operational Summary The table below summarizes the Company’s operations, capital expenditures and operational unit costs for the three months and year ended December 31, 2020 and 2019: Three monthsended Dec 31, 2020Three monthsended Dec 31, 2019Yearended Dec 31, 2020Yearended Dec 31, 2019$’000$’000$’000$’000BjörkdalGold produced (oz)12,252 10,990 45,296 51,498 Cash cost (1) per oz gold produced ($)1,251 1,071 1,112 945 All-in sustaining cost (1) per oz gold produced ($)1,616 1,416 1,435 1,203 Capital development2,337 1,441 9,341 6,939 Property, plant and equipment purchases4,832 3,408 12,025 10,162 Capitalized exploration586 768 1,929 1,472 CosterfieldGold produced (oz)12,236 4,749 44,958 15,258 Antimony produced (t)858 684 3,903 2,032 Gold equivalent produced (oz)15,099 7,604 58,148 25,161 Cash cost (1) per oz gold eq. produced ($)668 1,083 634 1,313 All-in sustaining cost (1) per oz gold eq. produced ($)1,077 1,640 1,010 2,024 Capital development3,599 3,776 14,231 13,967 Property, plant and equipment purchases1,886 349 4,951 3,422 Capitalized exploration937 461 4,245 1,776 ConsolidatedGold equivalent produced (oz)27,351 18,594 103,444 76,659 Cash cost* per oz gold eq. produced ($)929 1,076 843 1,066 All-in sustaining cost (1) per oz gold eq. produced ($)1,350 1,568 1,254 1,549 Capital development5,936 5,217 23,572 20,906 Property, plant and equipment purchases6,718 3,757 16,976 13,584 Capitalized exploration (2)1,540 1,251 6,330 3,479 1. Cash cost and all-in sustaining cost are non-IFRS measures. See “Non-IFRS Measures” at the end of this press release.2. Includes capitalized exploration relating to other non-core assets. Björkdal gold mine, Skellefteå, Sweden Björkdal produced 12,252 ounces of gold in the fourth quarter of 2020 with cash and all-in sustaining costs of $1,251/oz and $1,616/oz, respectively, compared to cash and all-in sustaining costs of $1,071/oz and $1,416/oz, respectively, in the fourth quarter of 2019. Costerfield gold-antimony mine, Victoria, Australia Costerfield produced 12,236 ounces of gold and 858 tonnes of antimony for 15,099 gold equivalent ounces in the fourth quarter of 2020. Due to the higher gold equivalent ounces produced, cash and all-in sustaining costs at Costerfield decreased to $668/oz and $1,077/oz, respectively, compared to cash and all-in sustaining costs of $1,083/oz and $1,640/oz, respectively, in the fourth quarter of 2019. Cerro Bayo silver-gold mine, Patagonia, Chile In the fourth quarter of 2020, the Company spent $0.6 million on care and maintenance expenses at Cerro Bayo, which was the same as in the fourth quarter of 2019. Cerro Bayo is currently subject to a binding option agreement between the Company and Equus Mining (“Equus”) pursuant to which Equus has an option to acquire Cerro Bayo. For further information see the Company’s October 8, 2019, press release. During the first quarter of 2021, the Company is planning to restart the processing facility at Cerro Bayo to begin trial processing of waste dumps located at site containing silver and gold mineralization. During 2020, a sampling program was carried out to establish areas within the waste dumps that contain sufficiently-graded mineralization that could be processed profitably. The current plan is a three-month trial period that could be extended if the project is found to be economically profitable. Lupin, Nunavut, Canada Care and maintenance spending at Lupin was $0.1 million during the fourth quarter of 2020, which was the same as in the fourth quarter of 2019. Reclamation spending at Lupin was $4.7 million during the fourth quarter of 2020 as compared to $0.2 million in the fourth quarter of 2019. The full closure of Lupin will continue in the 2021 season funded by ongoing progressive security reductions held by CIRNA. Challacollo, Chile In the fourth quarter of 2020, Aftermath Silver Ltd. (“Aftermath Silver”) completed the second payment of CAD$1.0 million in accordance with the definitive agreement. Further information regarding the definitive agreement signed with Aftermath Silver for the sale of Challacollo can be found in the Company’s November 12, 2019, press release. La Quebrada, Chile No work was carried out on the La Quebrada development property during 2020. COVID-19 The coronavirus (“COVID-19”) pandemic is present in all countries in which the Company operates, with cases being reported in Canada, Australia, Sweden and Chile. At this time, the Company has activated business continuity practices across all sites. Management will continue to monitor developments across all jurisdictions and will adjust its planning as necessary. The Company is not able to estimate the duration of the pandemic and potential impact on its business if disruptions or delays in our operations occur or our ability to transfer our products to market. In addition, a severe prolonged economic downturn could result in a variety of risks to the business, including a decreased ability to raise additional capital when needed on acceptable terms, if at all. As the situation continues to evolve, the Company will continue to closely monitor operating conditions in the countries we operate and respond accordingly. More details are included in the press release dated March 20, 2020, and on the Company’s website. Conference Call Mandalay’s management will be hosting a conference call for investors and analysts on February 26, 2021 at 8:00 AM (Toronto time). Analysts and interested investors are invited to participate using the following dial-in numbers: Participant Number:(201) 689-8341Participant Number (Toll free):(877) 407-8289Conference ID:13716917 A replay of the conference call will be available until 11:59 PM (Toronto time), March 12, 2021 and can be accessed using the following dial-in number: Encore Toll Free Dial-in Number:(877) 660-6853Encore ID:13716917 About Mandalay Resources Corporation: Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden, care and maintenance and development projects in Chile. The Company is focused on growing production at its gold and antimony operation in Australia, and gold production from its operation in Sweden to continue being a significant cash flow generating Company. Forward-Looking Statements This news release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the Company’s anticipated performance in 2021. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in commodity prices and general market and economic conditions. The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay. A description of additional risks that could result in actual results and developments differing from those contemplated by forward-looking statements in this news release can be found under the heading “Risk Factors” in Mandalay’s annual information form dated March 30, 2020, a copy of which is available under Mandalay’s profile at www.sedar.com. In addition, there can be no assurance that any inferred resources that are discovered as a result of additional drilling will ever be upgraded to proven or probable reserves. Although Mandalay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Non-IFRS Measures This news release may contain references to adjusted EBITDA, adjusted net income, free cash flow, cash cost per saleable ounce of gold equivalent produced and all-in sustaining cost all of which are non-IFRS measures and do not have standardized meanings under IFRS. Therefore, these measures may not be comparable to similar measures presented by other issuers. Management uses adjusted EBITDA and free cash flow as measures of operating performance to assist in assessing the Company’s ability to generate liquidity through operating cash flow to fund future working capital needs and to fund future capital expenditures, as well as to assist in comparing financial performance from period to period on a consistent basis. Management uses adjusted net income in order to facilitate an understanding of the Company’s financial performance prior to the impact of non-recurring or special items. The Company believes that these measures are used by and are useful to investors and other users of the Company’s financial statements in evaluating the Company’s operating and cash performance because they allow for analysis of its financial results without regard to special, non-cash and other non-core items, which can vary substantially from company to company and over different periods. The Company defines adjusted EBITDA as income from mine operations, net of administration costs, and before interest, taxes, non-cash charges/(income), intercompany charges and finance costs. The Company defines adjusted net income as net income before special items. Special items are items of income and expense that are presented separately due to their nature and, in some cases, expected infrequency of the events giving rise to them. A reconciliation between adjusted EBITDA and adjusted net income, on the one hand, and consolidated net income, on the other hand, is included in the MD&A. The Company defines free cash flow as a measure of the Corporation’s ability to generate and manage liquidity. It is calculated starting with the net cash flows from operating activities (as per IFRS) and then subtracting capital expenditures and lease payments. Refer to Section 1.2 of MD&A for a reconciliation between free cash flow and net cash flows from operating activities. For Costerfield, saleable equivalent gold ounces produced is calculated by adding to saleable gold ounces produced, the saleable antimony tonnes produced times the average antimony price in the period divided by the average gold price in the period. The total cash operating cost associated with the production of these saleable equivalent ounces produced in the period is then divided by the saleable equivalent gold ounces produced to yield the cash cost per saleable equivalent ounce produced. The cash cost excludes royalty expenses. Site all-in sustaining costs include total cash operating costs, sustaining mining capital, royalty expense, accretion and depletion. Sustaining capital reflects the capital required to maintain each site’s current level of operations. The sites the all-in sustaining cost per ounce of saleable gold equivalent in a period equals the all-in sustaining cost divided by the saleable equivalent gold ounces produced in the period. For Björkdal, the total cash operating cost associated with the production of saleable gold ounces produced in the period is then divided by the saleable gold ounces produced to yield the cash cost per saleable gold ounce produced. The cash cost excludes royalty expenses. Site all-in costs include total cash operating costs, royalty expense, accretion, depletion, depreciation and amortization. Site all-in sustaining costs include total cash operating costs, sustaining mining capital, royalty expense, accretion and depletion. Sustaining capital reflects the capital required to maintain each site’s current level of operations. The sites the all-in sustaining cost per ounce of saleable gold equivalent in a period equals the all-in sustaining cost divided by the saleable equivalent gold ounces produced in the period. For the Company as a whole, cash cost per saleable gold equivalent ounce is calculated by summing the gold equivalent ounces produced by each site and dividing the total by the sum of cash operating costs at the sites. Consolidated cash cost excludes royalty and corporate level general and administrative expenses. This definition was updated in the third quarter of 2020 to exclude corporate general and administrative expenses to better align with industry standard. All-in sustaining cost per saleable ounce gold equivalent in the period equals the sum of cash costs associated with the production of gold equivalent ounces at all operating sites in the period plus corporate overhead expense in the period plus sustaining mining capital, royalty expense, accretion, depletion, depreciation and amortization, divided by the total saleable gold equivalent ounces produced in the period. A reconciliation between cost of sales and cash costs, and also cash cost to all-in sustaining costs are included in the MD&A. For Further Information: Dominic DuffyPresident and Chief Executive Officer Edison NguyenManager, Analytics and Investor Relations Contact:(647) 260-1566

2021-02-25 - MINING.COM

Base and Battery Metals Snapshot: Eight companies pursuing critical minerals

Base and battery metals exploration and development assets in North America that are on investors’ radar screens.

2021-02-25 - Yahoo! Finance: AR.TO News

Argonaut Gold Announces Record Quarterly and Annual Revenue and Cash Flow from Operating Activities; Provides Fourth Quarter and Full Year Financial and Operating Results

25, 2021 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the Company, Argonaut Gold or Argonaut) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2020.

2021-02-25 - Eldorado Gold Corporation Press Releases

Eldorado Gold Reports 2020 Year-End and Fourth Quarter Financial and Operational Results

2021-02-25 - Yahoo! Finance: EDV.TO News

Endeavour Increases 2021 Production Guidance by 50% to 1.4 - 1.5 Million Ounces

Figure 1 Upgraded Sabodala Massawa Processing Plant Layout.png Figure 5 Map of Wahgnion Mine and Permit Area.jpg Figure 4 Sabodala-Massawa Plan Map.jpg Figure 3 Proposed Sabodala-Massawa Phase 2 PFS Plant Layout.png Figure 2 Phase 1 timeline.jpg ENDEAVOUR INCREASES 2021 PRODUCTION GUIDANCE BY 50% TO 1.4 - 1.5 MILLION OUNCESSabodala-Massawa expansion underway AISC guidance reduced by $40/oz Exploration budget increased by 40%HIGHLIGHTS 2021 guidance has been updated to reflect the newly integrated Sabodala-Massawa and Wahgnion mines: Production guidance for continuing operations increased by 50% to 1.4 - 1.5MozAISC guidance for continuing operations decreased by $40/oz to $840 - 890/oz 2021 exploration budget increased by 40% to $70 - $90m with strong focus on newly acquired assets and greenfield properties Construction for Sabodala-Massawa Phase 1 expansion expected to be completed by year-end; DFS for Phase 2 expansion expected by year-endGeorge Town, February 25, 2021 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) is pleased to announce that it has increased its guidance for 2021 to include production from the recently integrated Sabodala-Massawa and Wahgnion mines, following completion of the Teranga Gold Corporation (“Teranga”) acquisition.As shown in Table 1 below, consolidated 2021 production guidance for continuing operations has increased from 900,000 – 990,000 ounces to 1,350,000 – 1,475,000 ounces, while consolidated AISC guidance has decreased by $40/oz to $840 – $890/oz. The change reflects the inclusion of the Sabodala-Massawa and Wahgnion operations from February 11, 2021, which results in the addition of 450,000 – 485,000 ounces of production at AISC of below $900/oz for the 11-month period.Table 1: Consolidated Production Guidance for Continuing Operations PREVIOUS GUIDANCEUPDATED GUIDANCEVARIANCEGold Production, koz900-9901,350-1,475+450-+485AISC, $/oz880-930840-890(40)-(40)In addition, Endeavour is progressing with the two-phase expansion project at the Sabodala-Massawa mine to unlock the value of the Massawa deposits. The first phase, which is expected to increase production by approximately 90kozpa, has commenced and is expected to be completed by year-end. Following the positive outcome of the 2020 Pre-Feasibility Study (“PFS”) for the second phase, which outlined the potential to increase production to above 400koz per year1, a Definitive Feasibility Study (“DFS”) is underway and is expected to be completed by year-end. Further details for each phase are outlined below.Sébastien de Montessus, President & CEO, commented: “Today’s updated 2021 guidance confirms our position as a senior, low cost, global gold producer and re-affirms our confidence in the potential of the newly acquired mines. The integration of the Sabodala-Massawa and Wahgnion mines is progressing well as we remain focused on optimizing operations and delivering on the anticipated synergies. We are therefore moving forward with the Phase 1 expansion at the Sabodola-Massawa mine, which is the first stage in unlocking value from the large, high grade Massawa deposits, and in parallel we are advancing the DFS on Phase 2 and ramping-up exploration. Given the significant potential within our portfolio, our sole strategic priority is to unlock value organically through mine life extensions, asset optimization initiatives, and by advancing our brownfield and greenfield projects through studies and further exploration. As such, investment in exploration remains a core focus and consequently we have increased our 2021 budget to $70-90 million, one of the largest in West Africa, with 40% allocated to greenfield exploration. Our corporate efforts continue to be focused on maximizing shareholder returns, with the goal of augmenting our shareholder return program, which may include increasing our dividend or initiating a share buyback program as part of our capital allocation framework. In addition, we are on track to obtain a listing on the Premium segment of the London Stock Exchange in late Q2-2021, which we believe will boost investor appeal.”ABOUT THE SABODALA-MASSAWA MINE 2021 OutlookFrom the date of Sabodala-Massawa’s acquisition by Endeavour, which closed on February 10, 2021, the mine is expected to produce between 310-330koz at an AISC of $690 - $740/oz compared to production of 229koz at an AISC of circa $885/oz for FY-2020.Ore mined is expected to be higher than in 2020 due to increased availability of the mobile equipment fleet for mining in 2021, as compared to 2020, when a portion of the fleet was used for the construction of the Massawa haul road. The two Sofia pits, Sofia Main and Sofia North, on the Massawa mining permit will contribute close to 85% of the ore mined in 2021.Plant throughput and recovery rates are expected to decrease slightly from the 4.1Mt and 89% achieved in 2020, due to an increased proportion of fresh ore from the Sofia pits. Mill feed will be comprised of approximately 30% oxide and 70% fresh material. Head grade is expected to materially increase in H2-2021 with higher grades mined at the Sofia pits. Throughout the year, the Phase 1 upgrades will assist in debottlenecking the back-end of the plant, as described in the section below.Sustaining capital expenditures are expected to amount to $35 million, mainly related to replacement of mobile equipment, a portion of which was deferred from 2020, an additional tailings storage facility (“TSF”) lift, and waste capitalization. Non-sustaining capital expenditure is expected to amount to $47 million, primarily to complete relocation activities of the Sabodala village. Other non-sustaining capital relates to new haul road and infrastructure developments at the Massawa permit mining areas. Growth capital expenditure is expected to amount to approximately $25 million, with $20 million allocated to Phase 1 upgrades and $5 million for the Phase 2 DFS, as outlined below.Sabodala-Massawa Expansion Phase 1The Massawa deposit is being integrated into the Sabodala mine through a two-phased approach, as outlined in the 2020 PFS. Phase 1 of the expansion will facilitate processing of an increased proportion of high grade, free-milling Massawa ore through the Sabodala processing plant, which will avoid bottlenecks and prevent gold loss to tailings. The addition of the Massawa ore will increase the average processing head grade from 1.5 g/t, up to a peak head grade of 2.8 g/t, while maintaining milling capacity at the current 4.0 – 4.2Mtpa level. The plant upgrades are expected to increase the Sabodala-Massawa gold production by up to 90kozpa2.As shown in Figure 1 below, Phase 1 will increase the Sabodala plant’s overall gold production capacity through additions to the gold separation, concentration, elution and electrowinning facilities at the back-end of the plant. The detailed engineering for Phase 1 was completed by Lycopodium Limited. Procurement is largely complete with some packages already delivered, and the civil engineering contractor is currently mobilizing to site.Figure 1: Upgraded Sabodala-Massawa Processing Plant LayoutAs shown in Figure 1, the upgrades are focused on six key areas as detailed below:An additional electrowinning cell will be added to the gold room to increase its capacity to process high grade oreAn additional carbon regeneration kiln will be added to increase carbon regeneration capacityAn additional acid wash and elution circuit will be added to increase the total average capacity from 5 to 13 tonnes per dayOne additional leach tank will be added, increasing the leaching and CIL residence time from 24 to 32 hours, which is expected to improve the recoveries from Massawa oreOne existing leach tank will be converted to a CIL tank to increase capacityA gravity circuit, consisting of a gravity feed scalping screen and a gravity concentrator will be added to reduce the load on the downstream circuit. The gravity circuit will process the coarse free-milling ore through the intensive leach circuit.Completion of Phase 1 is expected in Q4-2021, as detailed in Figure 2 below.Figure 2: Phase 1 timelineSabodala-Massawa Expansion Phase 2 Phase 2 of the expansion will add an additional processing circuit to process the high grade refractory ore from the Massawa deposit, through the addition of a new refractory ore plant. A DFS for Phase 2 is underway and due for completion in Q4-2021, focusing on the following optimizations:Improved geometallurgical modelling incorporating a wider range of elements into the resource block model, to improve the quality of the mill feed blend resulting in improved plant efficiencies and recoveriesPit optimization to redefine the boundary between refractory ore and non-refractory ore to minimize losses due to dilutionProcessing optimization testwork to investigate operating cost and recovery improvementsMetallurgical optimization testwork focused on comminution and variability, leaching and flotationFigure 3: Proposed Sabodala-Massawa Phase 2 PFS Plant LayoutExploration upsideSignificant exploration potential exists within 30km of the processing facility, which includes the Sabodala mining license, the Massawa mining license, and additional exploration permits which respectively cover 291km2, 320km2 and 915km2, as shown in Figure 4 below.Over 36,000 metres were drilled in 2020 with activity planned to ramp up significantly in 2021, specifically on the Massawa deposits, with a budget of $13 million for the year, representing Endeavour’s largest single spend.During 2021, drilling will be concentrated on the Sofia deposit and the satellite deposits Samina, Tina and Delya. At Sofia North, drilling will be directed towards extending the non-refractory ore resources. Samina, Tina and Delya have had limited shallow drilling to date and show potential for additional mineralization at depth. Initial drill results at Samina demonstrate possible oxide mineralization at depth, which will be tested during 2021. Tina is a target where some reconnaissance drilling has been conducted.A number of other prospects, located within the structural corridor between the Sabodala Sofia Shear Zone and the Main Transcurrent Shear Zone, will also be explored.Figure 4: Sabodala-Massawa Plan Map ABOUT THE WAHGNION MINE2021 OutlookFrom the date of Wahgnion’s acquisition by Endeavour, which closed on February 10, 2021, the mine is expected to produce between 140 - 155koz at an AISC of $940 - 990/oz, compared to a production of 175koz at AISC of circa $898/oz for FY-2020.In 2021, total tonnes mined will remain in line with the strong performance seen in 2020, as the supplemental mining contractors will be retained to meet the continued above nameplate throughput. Mining activity is expected to focus on the Nogbele North and South pits, supplemented with ore from the Fourkoura pits, which commenced mining operations at the start of 2021.Plant throughput and gold recovery rate are expected to decrease slightly in 2021, compared to the 3.6Mt and 95% achieved in 2020, due to greater volumes of fresh ore. Mill feed is expected to be composed of a higher proportion of fresh ore, resulting in an even split between oxide ore and fresh ore.Sustaining capital of $14 million is planned for 2021, mainly related to waste capitalization and a number of small-scale mining and processing upgrades and infrastructure improvements. Non-sustaining capital expenditures of $26 million relate to construction of a second TSF cell, which significantly increases the overall TSF capacity, additional mining fleet and the construction of an airstrip.Exploration upsideGiven the recent commissioning of the Wahgnion mine in late 2019, significant exploration potential exists within the permitted mine license and five surrounding exploration permits, which respectively cover an area of 89km2 and 920km2, as shown in Figure 5 below.The 2021 exploration program, with a budget of $10 million, will focus on the Nogbele, Nogbele North and Nogbele South deposits, targeting the down dip continuation of mineralized structures between the Nogbele pits. Additionally, the north-northeast continuation of the Fourkoura deposit and the Hillside target will be tested for extensions. On the exploration permits, efforts will be focused on various attractive targets such as Kafina West and Korindougou.Figure 5: Map of Wahgnion Mine and Permit Area UPDATED 2021 OUTLOOKAs shown in Tables 2 and 3 below, consolidated total production guidance for 2021 has increased from 915,000 – 1,010,000 ounces to 1,365,000 – 1,495,000 ounces, while consolidated AISC guidance has decreased by $50/oz to $850 – $900/oz. The change reflects the inclusion of the Sabodala-Massawa and Wahgnion operations from February 11, 2021, which results in the addition of 450,000 – 485,000 ounces of production at AISC below $900/oz for the 11-month period.Consolidated production from continuing operations, which excludes Agbaou following its sale, is expected to be between 1,350,000 – 1,475,000 ounces at AISC of $840/oz to $890/oz. Production is expected to be higher and AISC lower during the second half of the year, due to a combination of higher grades and capex weighted towards the first half of the year. More details on the Sabodala-Massawa and Wahgnion mines can be found in the individual mine sections above, with details of Endeavour’s other mines provided in the initial guidance press release, dated January 25, 2021.Table 2: 2021 Consolidated Production Guidance(All amounts in koz, on a 100% basis)PREVIOUS GUIDANCEUPDATED GUIDANCEIty230—250230—250Karma80—9080—90Houndé240—260240—260Mana170—190170—190Boungou180—200180—200Sabodala-Massawan.a.—n.a.310—330Wahgnionn.a.—n.a.140—155PRODUCTION FROM CONT. OPERATIONS OPERATIONS900 9901,350—1,475Agbaou (sale on March 1, 2021)15—2015—20TOTAL PRODUCTION915—1,0101,365—1,495Table 3: 2021 Consolidated AISC Guidance1(All amounts in US$/oz)PREVIOUS GUIDANCEUPDATED GUIDANCEIty800—850800—850Karma1,220—1,3001,220—1,300Houndé855—905855—905Mana975—1,050975—1,050Boungou690—740690—740Sabodala-Massawan.a.—n.a.690—740Wahgnionn.a.—n.a.940—990Corporate G&A 30 30 Sustaining exploration 5 5 AISC FROM CONT. OPERATIONS880—930840—890Agbaou (sale on March 1, 2021)1,050—1,1251,050—1,125TOTAL AISC900—950850—9001This is a non-GAAP measure. Refer to the non-GAAP measure section of the most recent MD&A for Endeavour and refer to the non-IFRS measures note in this press release As detailed in the table below, consolidated total sustaining and non-sustaining capital allocations for 2021 amount to $173 million and $201 million, respectively. Details on the Sabodala-Massawa and Wahgnion mine capital expenditures have been provided in the sections below. Details on Endeavour’s other mines, for which guidance has not changed, were provided in the initial guidance press release, dated January 25, 2021.Table 4: 2021 Consolidated Mine Capital Expenditure Guidance(All amounts in US$m)SUSTAINING CAPITALNON-SUSTAINING CAPITALIty2827Karma115Houndé3913Mana2762Boungou1922Sabodala-Massawa3547Wahgnion1426MINE CAPITAL EXPENDITURES FROM CONT. OPERATIONS172201Agbaou10TOTAL MINE CAPITAL EXPENDITURES173201As detailed in the table below, growth capital spend is expected to amount to approximately $46 million, mainly related to the ongoing Phase 1 expansion at Sabodala-Massawa mine and studies and holding costs at the Kalana and Fetekro projects, as well as for IT and integration projects. More details on the Sabodala-Massawa mine expansion can be found in the section above.Table 5: 2021 Consolidated Growth and Corporate Capital Spend(All amounts in US$m)2021 GUIDANCESabodala-Massawa25Fetekro6Kalana6Golden Hill3Bantou1Corporate5TOTAL46As detailed in the table below, exploration will continue to be a strong focus in 2021 with the Group exploration budget revised upwards from $55 - $60 million to $70 - $90 million, inclusive of the newly integrated Teranga assets.Table 6: Consolidated Exploration Guidance(All amounts in US$m)2021 GUIDANCESabodala-Massawa~13Wahgnion~12Ity~9Mana~8Hounde~7Boungou~7Karma~0MINE SUBTOTAL~56Greenfield and development projects~14 - 34TOTAL$70 - 90 UPCOMING CATALYSTSKey upcoming expected catalysts are summarized in the table below.Table 7: Key Upcoming CatalystsTIMINGCATALYSTMarch 1CorporateClosing of Agbaou sale transactionH1-2021AfemaInitial resource estimateLate Q2-2021CorporatePremium LSE ListingQ4-2021Sabodala-MassawaCompletion of Phase 1 plant upgradesQ4-2021Sabodala-MassawaCompletion of Definitive Feasibility StudyQ4-2021FetekroCompletion of Definitive Feasibility StudyFY-2020 FINANCIAL RESULTS CONFERENCE CALL AND LIVE WEBCASTManagement will host a conference call and webcast on Thursday March 18, at 8:30am Toronto time (ET) to discuss the Company's FY-2020 financial and operating results.The conference call and webcast are scheduled at: 5:30am in Vancouver 8:30am in Toronto and New York 12:30pm in London 8:30pm in Hong Kong and PerthThe webcast can be accessed through the following link: https://edge.media-server.com/mmc/p/uwqj86xnAnalysts and investors are also invited to participate and ask questions using the dial-in numbers below: International: +44 (0) 2071 928338North American toll-free: +18778709135UK toll-free: 08002796619Confirmation Code: 4447534The conference call and webcast will be available for playback.QUALIFIED PERSONS Clinton Bennett, Endeavour's VP Metallurgy and Process Improvement - a Fellow of the Australasian Institute of Mining and Metallurgy, is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101) and has reviewed and approved the technical information in this news release.CONTACT INFORMATION Martino De Ciccio VP – Strategy & Investor Relations+44 203 640 8665mdeciccio@endeavourmining.comBrunswick Group LLP in London Carole Cable, Partner+44 7974 982 458ccable@brunswickgroup.com Vincic Advisors in Toronto John Vincic, Principal +1 (647) 402 6375john@vincicadvisors.comABOUT ENDEAVOUR MINING CORPORATIONEndeavour Mining is one of the world’s top ten senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the Toronto Stock Exchange, under the symbol EDV and will be seeking a secondary listing as a Premium issuer on the London Stock Exchange during Q2-2021.For more information, please visit www.endeavourmining.com.CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATIONThis press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding Endeavour’s production guidance for 2021, AISC guidance for 2021, ability to create sustainable shareholder value over the long term, the potential for continued or future dividends or a share buy back program and Endeavour’s ability and the expected timing to list on the LSE .Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Endeavour. This forward-looking information may be affected by risks and uncertainties in the business of Endeavour and market conditions, including (1) there being no significant disruptions affecting the operations of the Company, whether due to extreme weather events and other or related natural disasters, labour disruptions, supply disruptions, power disruptions, damage to equipment, pit wall slides or otherwise; (2) permitting, development, operations and production from the Company’s operations and development projects being consistent with Endeavour’s current expectations; (3) political and legal developments in any jurisdiction in which the Company operates being consistent with its current expectations; (4) the completion of studies on the timelines currently expected, and the results of those studies being consistent with Endeavour’s current expectations; (5) certain price assumptions for gold; (6) prices for diesel, electricity and other key supplies being approximately consistent with the Company’s expectations; (7) production and cost of sales forecasts for the Company meeting expectations; (8) the accuracy of the current mineral reserve and mineral resource estimates of the Company, and Endeavour’s analysis thereof, being consistent with expectations; (9) labour and materials costs increasing on a basis consistent with Endeavour’s current expectations; (10) the terms and conditions of the legal and fiscal stability agreements for the Sabodala-Massawa and Wahgnion mines being interpreted and applied in a manner consistent with their intent and Endeavour’s expectations and without material amendment or formal dispute; (11) potential direct or indirect operational impacts resulting from infectious diseases or pandemics; and (12) the Company’s financial results, cash flows and future prospects being consistent with Company expectations in amounts sufficient to permit sustained dividend payments. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Endeavour with the Canadian securities regulators, including Endeavour’s and Teranga’s respective annual information forms, financial statements and related MD&A for the financial year ended December 31, 2019 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Endeavour has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Endeavour does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.NON-IFRS MEASURESAll-in sustaining costs is a non-IFRS performance measure referred to in this press release, and may not be comparable to similar measures presented by other companies. Endeavour believes that, in addition to conventional measures prepared in accordance with IFRS, Endeavour and certain investors use this information to evaluate performance. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.“Cash costs” is a common performance measure in the gold mining industry, but does not have any standardized definition. Endeavour reports cash cost per ounce based on ounces sold. Cash costs include mine site operating costs, administration, royalties and by-product credits but are exclusive of depreciation, accretion expense, interest on capital leases, capital expenditures, and exploration and project evaluation costs.All-in sustaining costs or “AISC” is an extension of the existing “cash costs” metric and incorporates costs related to sustaining production. Endeavour believes that, although relevant, the “cash costs” metric does not capture the sustaining expenditures incurred, and therefore, may not present a complete picture of its operating performance or its ability to generate free cash flows from its operations. AISC includes cost of sales, excluding depreciation, and includes by-product credits, sustaining capital expenditures, sustaining exploration and project evaluation costs, corporate general and administrative costs, and environmental rehabilitation accretion and depreciation.Readers should refer to the reconciliation between the non-IFRS measures presented in this press release to the most directly comparable IFRS measures in Endeavour’s management’s discussion and analysis of financial condition and results of operations as at and for the financial year ended December 31, 2019 and 2018 and as at and for the financial period ended September 30, 2020.Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.1 Teranga Gold, Sabodala-Massawa PFS press release dated July 27, 2020 available under Teranga’s SEDAR profile 2 Teranga Gold, Sabodala-Massawa PFS press release dated July 27, 2020 available under Teranga’s SEDAR profile AttachmentsFigure 1 Upgraded Sabodala Massawa Processing Plant Layout.pngFigure 5 Map of Wahgnion Mine and Permit Area.jpgFigure 4 Sabodala-Massawa Plan Map.jpgFigure 3 Proposed Sabodala-Massawa Phase 2 PFS Plant Layout.pngFigure 2 Phase 1 timeline.jpgView News Release in PDF

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NexGen Announces C$150 Million Bought Deal Financing

VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- NexGen Energy Ltd. (NexGen or the Company) (TSX:NXE, NYSE:NXE) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and Canaccord Genuity Corp. and under which the underwriters have agreed to buy on a bought deal basis 33,400,000 common shares of the Company (the “Common Shares”) at a price of C$4.50 per Common Share (the “Offering Price”) for gross proceeds of approximately C$150 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the Offering Price for a period of 30 days following the closing of the Offering, to purchase up to an additional 5,010,000 Common Shares to cover over-allotments, if any. The Offering is expected to close on or about March 11, 2021 and is subject to the Company receiving all necessary regulatory approvals. The net proceeds of the Offering will be used for general corporate purposes, including the continued development of the Rook I Project and general working capital. The Common Shares will be offered by way of a short-form prospectus in all of the provinces of Canada, excluding Quebec, and will be offered in the United States pursuant to a registration statement filed under the Canada-U.S. multi-jurisdictional disclosure system. A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission but has not yet become effective. Copies of the short-form prospectus can be found on SEDAR at www.sedar.com and a copy of the registration statement can be found on EDGAR at www.sec.gov. Copies of such documents may also be obtained from any of the following sources: BMO Nesbitt Burns Inc., Attn: Equity Syndicate, telephone: 800-414-3627 or by email at bmoprospectus@bmo.com and Canaccord Genuity Corp., Attn: ECM, telephone: 416-687-5284 or by email at ecm@cgf.com. The securities may not be sold nor may offers to buy be accepted in the United States prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About NexGenNexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014 which is in development. Contact Information Leigh CuryerChief Executive Officer NexGen Energy Ltd.+1 604 428 4112lcuryer@nexgenenergy.ca www.nexgenenergy.ca Travis McPhersonSenior Vice President, Corporate DevelopmentNexGen Energy Ltd.+1 604 428 4112tmcpherson@nexgenenergy.ca SEC StandardsEstimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101, which differs from the SEC’s standards applicable to U.S. companies. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder. Forward-Looking InformationThe information contained herein contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as plans, expects, is expected, budget, scheduled, estimates, forecasts, intends, anticipates, or believes or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative connotation thereof. Forward looking information in this press release includes, but is not limited to, statements regarding the Offering, including the terms, potential completion and the use of proceeds of such Offering. Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of Mineral Resource Estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company's Annual Information Form dated March 11, 2020 under Risk Factors. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. SOURCE NexGen Energy Ltd.

2021-02-25 - Yahoo! Finance: GLO.TO News

Global Atomic Announces C$10 Million Bought Deal Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. 25, 2021 /CNW/ - Global Atomic Corporation (Global Atomic or the Company) (TSX:GLO) (FRANKFURT: G12) (OTCQX: GLATF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc.

2021-02-25 - Latest updates

Alexco to Release Full Year 2020 Results on March 11, 2021

2021-02-25 - Yahoo! Finance: FEO.V News

Oceanic Announces Upsizing of Non-Brokered Convertible Debenture Financing

/NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U. NEWSWIRE SERVICES/TSX Venture Exchange: FEO ALL AMOUNTS ARE STATED IN CANADIAN DOLLARS, UNLESS OTHERWISE NOTEDVANCOUVER, BC, Feb.

2021-02-25 - Yahoo! Finance: PRU.TO News

How Much Of Perseus Mining Limited (ASX:PRU) Do Institutions Own?

If you want to know who really controls Perseus Mining Limited ( ASX:PRU ), then you'll have to look at the makeup of...

2021-02-25 - The Northern Miner

Lucara Diamond to borrow for Karowe underground expansion

Lucara Diamond Corp. (TSX:LUC) anticipates incurring debt of between US$150 million and US$200 million towards the US$514-million underground expansion of the Karowe diamond mine in...

The post Lucara Diamond to borrow for Karowe underground expansion appeared first on The Northern Miner.

2021-02-25 - Latest updates

East Keno

2021-02-25 - Latest updates

Central Keno

2021-02-25 - Latest updates

West Keno

2021-02-25 - Latest updates

Superior Gold Provides Notice of Fourth Quarter and Full Year 2020 Results and Conference Call

2021-02-25 - The Northern Miner

High grade gold intercepts extend Brucejack potential for Pretium

The resource expansion drill program completed at the Brucejack mine has returned high grade gold for Pretium Resources (TSX:PVG; NYSE:PVG). This is the first expansion...

The post High grade gold intercepts extend Brucejack potential for Pretium appeared first on The Northern Miner.

2021-02-25 - Yahoo! Finance: TECK-B.TO News

Teck Media and Investor Webcast Advisory

VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Don Lindsay, EVP and Chief Operating Officer Red Conger, and SVP and Chief Financial Officer Jonathan Price, will be participating in a fireside chat at the BMO Capital Markets 30th Annual Global Metals & Mining conference on Monday, March 1, 2021 at 12:30 p.m. Eastern/9:30 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units. The presentation will be webcast through the following link at: https://bmo.qumucloud.com/view/2021-gmm-teck. Alternatively, the webcast with supporting slides will be available on Teck’s website at: www.teck.com. About TeckTeck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, zinc and steelmaking coal, as well as investments in energy assets. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources. Investor Contact:Ellen LaiCoordinator, Investor Relations604.699.4257ellen.lai@teck.com Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

2021-02-25 - The Northern Miner

Wolfden begins drilling at high grade Rice Island polymetallic property

Wolfden Resources (TSXV:WLF) has begun a 2,300-metre, six-to-eight hole diamond drilling program at its 100%-owned Rice Island nickel-copper-cobalt-platinum group deposit near Snow Lake, Man. The...

The post Wolfden begins drilling at high grade Rice Island polymetallic property appeared first on The Northern Miner.

2021-02-25 - MINING.COM

Gold price weakness takes $1.5bn out of largest ETF

In the wake of the recent gold price decline, metal holdings in the GLD gold ETF have fallen by 26 tonnes in a week.

2021-02-25 - MINING.COM

Alamos reports record operating cash flows, ups dividend by 25%

The company’s two Ontario underground mines both posted strong performance in the quarter.

2021-02-25 - MINING.COM

Sabina updates feasibility on 15-year ‘world-class’ project in Nunavut

Average production in the first five years is estimated at 287,000 oz gold annually.

2021-02-25 - The Northern Miner

Sabina updates feasibility on 15-year ‘world-class’ project in Nunavut

Sabina Gold & Silver has released an updated feasibility study on a combined open pit and underground development at the Goose property within its Back...

The post Sabina updates feasibility on 15-year ‘world-class’ project in Nunavut appeared first on The Northern Miner.

2021-02-25 - MINING.COM

MINING PEOPLE: First Majestic, Generation Mining, Integra, Lundin Mining

Key moves in the mining sector.

2021-02-25 - MINING.COM

Freeport to expand US copper mines as Biden moves to electrify the nation

Company could soon greenlight expansions at three mines in the US Southwest, adding more than 250 billion pounds of copper each year to US output.

2021-02-25 - The Northern Miner

China continues dominance of rare earths markets to 2030, says Roskill

The single largest use of rare earths is in the manufacture of permanent magnets used in wind turbines, the drive train of hybrid and electric...

The post China continues dominance of rare earths markets to 2030, says Roskill appeared first on The Northern Miner.

2021-02-25 - MINING.COM

World’s two largest asset managers have invested $170bn in coal

The figure pales in comparison to the $1 trillion in coal investments held by almost 4,500 institutions globally as of January this year.

2021-02-25 - MINING.COM

Gold price extends decline on surging bond yields

Ten-year US Treasury yields climbed to the highest in a year on Thursday, making gold less competitive as it does not bear interest.

2021-02-25 - Yahoo! Finance: CRE.V News

Early Warning Report

MONTREAL, QC / ACCESSWIRE / February 25, 2021 / Critical Elements Lithium Corporation (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) (Critical Elements or the Company) that it has acquired ownership of 12,051,770 shares (the Shares) of Chilean Metals Inc. (the Issuer) in connection with an option agreement.

2021-02-25 - Yahoo! Finance: FNC.V News

Canada's farm incomes on track for a record year

25, 2021 /CNW/ - Agriculture continues to be a strong driver of Canada's economy, with our farmers playing a key role in ensuring Canadians have access to affordable, high-quality food. Agriculture and Agri-Food Canada has completed an analysis of farm income for 2020 and 2021, and the results show that Canadian farm income and the value of farms is expected to be at an all-time high.

2021-02-25 - Yahoo! Finance: MPVD.TO News

Minister Ng provides update on Black Entrepreneurship Program

25, 2021 /CNW/ - Black Canadian business owners and entrepreneurs make important contributions to the Canadian economy, yet they continue to face systemic barriers in starting and growing their businesses. This has been further exacerbated by the COVID-19 pandemic.

2021-02-25 - Yahoo! Finance: VGD.V News

CDPQ posts 7.7% return in 2020, 7.8% return over five years

* Depositors' net assets reached $365.8% return over five years, slightly above the 7.

2021-02-25 - Yahoo! Finance: TWR.V News

Tower Announces Flow-Through Non-Brokered Financing

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - Tower Resources Ltd. (TSXV: TWR) (Tower or the Company) announces that it proposes to issue up to 14,000,000 units (each a FT Unit) in a flow-through non-brokered private placement at a price of $0.143 per FT Unit for gross proceeds of approximately $2,000,000 (the FT Offering). Each FT Unit will consist of one (1) common share in the capital of the Company that qualifies ...

2021-02-25 - Yahoo! Finance: ALTS.V News

PDMR Dealings

DIDCOT, UK / ACCESSWIRE / February 25, 2021 / Altus Strategies Plc (AIM:ALS) (TSX-V:ALTS) (OTCQX:ALTUF) announces that it was informed on 25 February 2021 by Matthew Grainger (Executive Director) that he had dealt in ordinary shares of 5 pence par value each of the Company (Ordinary Shares) between 22 and 24 February 2021 as follows: * 55,500 Ordinary Shares were purchased at a weighted average price of 83.72p per Ordinary Share via his Self Invested Personal Pension Plan; and * 55,500 Ordinary Shares were sold at a weighted average price of 81.

2021-02-25 - Deep-South Resources

Deep-South appoints the MSA group for the updated NI 43-101 resource estimation on the Haib Copper project in southern Namibia

Vancouver, B.C., Canada - February 25, 2021 – Deep-South Resources Inc. (Deep-South or “the Company) (TSX-V: DSM) announces that it has appointed the MSA Group of South Africa to produce an updated National Instrument (“NI”) 43-101 resource estimation for the Company’s 100%-owned advanced Haib copper project located in the south of Namibia. The report will... Read more »

The post Deep-South appoints the MSA group for the updated NI 43-101 resource estimation on the Haib Copper project in southern Namibia appeared first on Deep-South Resources.

2021-02-25 - Yahoo! Finance: GBR.V News

Great Bear Closes Oversubscribed Bought Deal Private Placement Raising Gross Proceeds of C$70 million; Now Funded Through 2022 with over C$100 million in Cash

TSX-V: GBR/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/VANCOUVER, BC, Feb. 25, 2021 /CNW/ - Great Bear Resources Ltd.

2021-02-25 - Yahoo! Finance: STE.V News

Algoma Steel Rating Increase

25, 2021 /CNW/ - Algoma Steel Inc. (ASI), a leading North American supplier of value-added steel sheet and plate products, announces that Moody's Investors Service (Moody's) upgraded ASI's rating to B3/Stable Outlook, as of January 19, 2021.

2021-02-25 - Yahoo! Finance: LAC.TO News

11 Best Lithium Stocks To Buy Now

In this article, we will take a look at the 11 best lithium stocks to buy now. You can skip our detailed discussion of the lithium market, its outlook and the role it is playing in the EV revolution and go to 5 Best Lithium Stocks to Buy Now. Lithium is one of the most […]

2021-02-25 - Yahoo! Finance: RHC.V News

Greater Toronto Airports Authority announces 2020 Nest funding recipients

Seven Black- and Indigenous-led organizations to receive funding to support capacity building projects, from strategic planning to training and upscaling existing programs TORONTO, Feb. 25, 2021 /CNW/ - The Greater Toronto Airports Authority (GTAA) has announced funding recipients for its 2020 Nest Fund.

2021-02-25 - New Age Metals Inc.

New Age Metals to Participate in Renmark’s Virtual Roadshow Series on Thursday, February 25

Rockport, Canada – February 25, 2021 Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J) (“NAM” or the “Company”) will be participating in Renmark’s Virtual Non-Deal Roadshow Series on Thursday, February 25, at 4:00 pm ... Read more

2021-02-25 - MINING.COM

Nanotechnology platform to trace diamonds launched

Nano Innovator Holdings (NIH) has unveiled a prototype platform for end-to-end identification of rough and polished diamonds that uses nanotechnology.

2021-02-25 - Yahoo! Finance: REL.V News

Canada and Ontario invest in culture and recreation infrastructure in the City of Hamilton

25, 2021 /CNW/ - Canadians everywhere are feeling the impact of COVID-19, on their families, their livelihoods and their way of life. Together, Canada and Ontario are working to reduce the impact of the pandemic, ensure health and safety, rebuild businesses, and promote job creation, growth and investment.

2021-02-25 - MINING.COM

Project to capture 90% of all spent Li-ion batteries in US gets government funding

The project is led by Everledger, HP, Call2Recycle and Fairphone.

2021-02-25 - The Northern Miner

Project to capture 90% of all spent Li-ion batteries in the US gets government funding

The project is led by Everledger, HP, Call2Recycle and Fairphone.

The post Project to capture 90% of all spent Li-ion batteries in the US gets government funding appeared first on The Northern Miner.

2021-02-25 - MINING.COM

Q4 2020 saw recovery in polished diamond prices – report

According to fintech company UNI, there are “reasons for optimism.”

2021-02-25 - Yahoo! Finance: NTR.TO News

Nutrien Announces TSX Approval for Its Renewed Share Repurchase Program

Nutrien Ltd. (TSX and NYSE: NTR) (Nutrien) today announced that the Toronto Stock Exchange (TSX) has accepted Nutrien's notice to commence a normal course issuer bid (NCIB) to purchase up to five percent of its outstanding common shares.

2021-02-25 - Yahoo! Finance: OR.TO News

Osisko Gold Royalties Ltd. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 25, 2021 / Osisko Gold Royalties Ltd. (NYSE:OR) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 25, 2021 at 10:00 AM Eastern Time.

2021-02-25 - Yahoo! Finance: GR.V News

Great Atlantic Closes $675,000 Financing with a Lead Order from Palisades Goldcorp.

VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRA:PH01) (the Company or Great Atlantic) is pleased to announce that is has closed the non-brokered private placement previously announced on February 5 and February 11, 2021 for gross proceeds of $675,000, with a lead order from Palisades Goldcorp.

2021-02-25 - Yahoo! Finance: TR.V News

Troubadour Reports Bonanza-Grade Gold Results from Phase 1 Rock Sampling at the Texas Project

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - TROUBADOUR RESOURCES INC. (TSXV: TR) (OTC Pink: TROUF) (the Company) is pleased to announce rock sampling results from the Phase 1 exploration program completed on its 2,186 hectare Texas property located in the Greenwood Mining Division of southern B.C. Program Highlights:Two grab samples* from the Doorn returned greater than 100 g/t gold and 100 g/t silver; overlimit assay results are pending.Four chip and grab samples* ...

2021-02-25 - Yahoo! Finance: PER.V News

Peruvian Metals Corp. Increasing Mineral Processing At Aguila Norte, Exceeds Initial Production Expectations for First Quarter 2021

Edmonton, Alberta--(Newsfile Corp. - February 25, 2021) - Peruvian Metals Corp. (TSXV: PER) (Peruvian Metals or the Company) is pleased to provide an update on mineral processing at its 80% owned Aguila Norte Processing Plant (Aguila Norte or the Plant) located in Northern Peru.Mineral processing restarted in January 2021 and the Plant has now completed four mineral campaigns as of February 23rd, 2021. For the month of January 2021, the Company processed 1,820 metric ...

2021-02-25 - Yahoo! Finance: VML.V News

Viscount Mining Commences 2021 Field Season at Silver Cliff, Colorado

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - Viscount Mining Corp. (TSXV: VML) (OTCQB: VLMGF) (Viscount Mining) Viscount has started the 2021 field season at their Silver Cliff project in central Colorado. In December 2020, Viscount retained a consulting geophysicist to review published geophysical data, and start to make interpretations. Some small scale map interpretation was possible, but for Viscount's practical needs, it was determined that larger scale magnetic mapping should be conducted. ...

2021-02-25 - Yahoo! Finance: SGU.V News

Signature Resources Increases Its Lingman Lake Project Land Package in the Prolific Red Lake Geologic District

Lingman Lake Property Map Property map of Lingman Lake project including recently added claims TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE: 3S3) (Signature or the Company) is pleased to announce the increase in its land position at its Lingman Lake Project within in the prolific Red Lake geologic district in Northwestern Ontario. The previously held claims, excluding the 18 held patented claims, of 604 has been increased to 1,066 claims. When added to the 4 full patent claims and 14 mineral rights patented claims held, Signature now holds a total of 1,084 claims (20,124 hectares). The updated claim package covers a huge land holding defined by a near 30 km E-W strike distance and 202 square kilometers of highly prospective mineral potential. The Signature team is excited with its plans to commence a significant regional exploration program commencing in the spring of 2021. The program will be focused on following-up on previously completed regional exploration work identifying and unlocking multiple high-potential regional drill targets throughout its massive land package. “The addition of 462 claims to Signature’s Lingman Lake property, which cover complex structural domains beyond the all-important North Contact, has enhanced the district scale potential of the Lingman Lake land package. We look forward to undertaking regional and targeted exploration programs to assess this potential in the up-coming field season”. Walter Hanych – Chief Geologist The Company continues preparations to commence its 2,500 meter 2021 winter drill program in early March as targeted. The program is focused on expanding the known zone of historic mineralization towards the west and to depth. An image of the updated land package highlighting the recently added claims is depicted below: https://www.globenewswire.com/NewsRoom/AttachmentNg/4e9166f2-a3c2-47a2-9522-d48132a2a0be About Signature The Lingman Lake gold property consists of 1,066 staked claims, four free hold full patented claims and 14 mineral rights patented claims totaling approximately 20,184 hectares. The property hosts an historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths. *This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, Technical Report on the Lingman Lake Gold Property dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact: Jonathan HeldChief Financial Officer 416-270-9566 Cautionary Notes Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases, including COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

2021-02-25 - Yahoo! Finance: BRC.V News

Blackrock Gold Appoints Daniel Vickerman as SVP Corporate Development

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - Blackrock Gold Corp. (TSXV: BRC) (the Company) is pleased to announce that Daniel Vickerman is joining the Company as Senior Vice President of Corporate Development. Mr. Vickerman has served as an Independent Director of the Company since August 2020, prior to transitioning into this executive role. As a result, Mr. Vickerman will step down from the Board at the Company's next annual general meeting.Mr. Vickerman ...

2021-02-25 - Yahoo! Finance: GCX.V News

Granite Creek Copper Announces Increase of Private Placement for Total Proceeds of up to $5.2 Million

VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / Granite Creek Copper Ltd.V:GCX) (Granite Creek or the Company) announces that, due to very strong demand, the Company is increasing the size of the three-part, non-brokered private placement financing (the Offering) announced February 22, 2021 for new total proceeds of up to CAD$5,200,000 as follows: 1.

2021-02-25 - Yahoo! Finance: AGLD.V News

Austral Gold Closes Acquisition of Ensign Gold

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the Company or Austral) is pleased to announce that its wholly-owned subsidiary, Argentex Mining Corp., has completed its purchase of 5,950,000 units (each a Unit) in the capital of Ensign Gold Inc. (Ensign), a privately-held Canadian company with exploration assets in the state of Utah, U.S.A., for an aggregate purchase price of C$1,487,500 (approximately US$1,171,260), or C$0.25 per ...

2021-02-25 - Yahoo! Finance: FCC.V News

Parkview Capital Partners Inc. Announces the Restructuring of one of its Portfolio Companies, Active Industrial Solutions Inc.

25, 2021 /CNW/ - Parkview Capital Partners Inc. (Parkview), a Toronto based investment firm, announces the restructuring of one of its portfolio companies, Active Industrial Solutions Inc.

2021-02-25 - Yahoo! Finance: TLO.TO News

IIROC Trade Resumption - TLO

25, 2021 /CNW/ - Trading resumes in: Company: Talon Metals Corp.TSX Symbol: TLOAll Issues: YesResumption (ET): 8:00 AMIIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company.

2021-02-25 - Yahoo! Finance: OGD.TO News

Entos Pharmaceuticals Partners with Alberta Cell Therapy Manufacturing and the Ottawa Hospital Research Institute to Manufacture and Ready its COVID-19 DNA Vaccine for Clinical Trials

* Entos is manufacturing GMP-grade Covigenix VAX-001 in Alberta Cell Therapy Manufacturing (ACTM) in the Li Ka Shing Centre for Health Research Innovation at the University of Alberta. * Entos announces partnership with The Ottawa Hospital's Biotherapeutics Manufacturing Centre (BMC) to fill Covigenix VAX-001 in vials.

2021-02-25 - Yahoo! Finance: AGO.V News

AurCrest Gold announces $1,000,000 Brokered Flow-Through Private Placement

TORONTO, ON / ACCESSWIRE / February 25, 2021 / AurCrest Gold Inc. (the Company or AurCrest) (TSXV:AGO) is pleased to announce that it is proceeding with a brokered private placement (the Offering) of up to 3,333,333 flow-through units (the FT Units) of the Company at a price of $0.

2021-02-25 - Yahoo! Finance: VERT.V News

Vertical Believes Its St-Onge Deposit may be Benificial in the Reduction of Greenhouse Gas Emissions

VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / VERTICAL EXPLORATION INC. (TSXV:VERT) (Verticalor the Company) would like to refer to journaldemontreal.

2021-02-25 - Yahoo! Finance: IB.V News

Canada's BETA-i Launches World's First Search Fund Incubator Focused on Supporting Black Entrepreneurs

Providing an Alternative Path to Entrepreneurship for Black Canadians Through the ETA ModelTORONTO, Feb. 25, 2021 /CNW/ - Black Entrepreneurship Through Acquisition Incubator (BETA-i) is equipping Black Canadians that are passionate about entrepreneurship with the tools to become CEO's through the acquisition of existing private, small-to-medium sized businesses.

2021-02-25 - Yahoo! Finance: ESK.V News

Numerous New Precious Metal-Rich VMS Targets Emerge Across Eskay Mining's District Land Holdings

TORONTO, ON / ACCESSWIRE / February 25, 2021 / Eskay Mining Corp. (Eskay or the Company)(TSXV:ESK)(OTCQB:ESKYF)(FRA:KN7)(WKN:A0YDPM) is pleased to announce that its stream sample analytical results highlight many new high priority precious metal-rich volcanogenic massive sulphide (VMS) targets across its 526 sq km land holdings immediately south and east of the Eskay Creek mine.

2021-02-25 - Yahoo! Finance: ATW.V News

CF Polo Park Warms Up Winnipeg by Hosting Pop-Up Donation Centre

In partnership with Resource Assistance for Youth, Inc., residents are invited to donate new and unused winter clothing essentials until March 7 to support at-risk youth in WinnipegWINNIPEG, MB, Feb.

2021-02-25 - Yahoo! Finance: FWZ.V News

Fireweed Intersects 4.76% Zinc, 0.43% Lead and 18.9 g/t Silver over 43.7 m in upper sequence and 2.08% Zinc over 225 m in lower sequence at Boundary West

MACMILLAN PASS TARGETS Map 1 – Macmillan Pass Project: Locations of the 2020 exploration targets, advanced prospects, and known deposits. BOUNDARY ZONE DRILLING Map 2 – Boundary Zone: Locations of the 2020 diamond drill holes and cross-section B-B’. BOUNDARY WEST - NEW DISCOVERY Section 1: Boundary Zone West Cross-Section B-B’. VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- FIREWEED ZINC LTD. (“Fireweed”) (TSXV: FWZ) is pleased to announce the final results from the 2020 drilling at Boundary Zone, Macmillan Pass Project in Yukon, Canada. These results are from Boundary Zone West which was discovered in 2020 with a 360 metre step out hole drilled on a gravity anomaly. It is located 15 road kilometres west of the Tom-Jason deposits (see Map 1) and includes discovery of a new lower sequence hosted in older host rocks than other mineralization found at Macmillan Pass. Boundary Zone has now been traced over a strike length of 630 metres, and both upper and lower sequence mineralization remains open for expansion along strike and down dip. Highlights Hole NB20-009 intersected a dense upper sequence of 4.76% zinc, 0.43% lead and 18.9 g/t silver over 43.7 m including a high grade stratiform zone of 26.35% zinc, 5.21% lead and 53.4 g/t silver over 2.19 m from a vertical depth of 40 m from surface.Hole NB20-009 also intersected a broad lower sequence of 2.08% zinc over 225.0 m including a stratiform zone of 3.69% zinc over 19.0 m and a vein interval of 3.75% zinc over 50.00 m.This is the first discovery of zinc mineralization hosted by lower sequence Ordovician-Silurian rocks in the district.Hole NB20-008 intersected the upper sequence of vein mineralization of 2.48% zinc, 0.74% lead, and 12.5 g/t silver over 111.17 m including two higher grade vein intervals of 6.07% zinc, 1.12% lead, and 27.8 g/t silver over 13.95 m and 4.57% zinc, 0.62% lead, and 15.2 g/t silver over 17.0 m Table 1: Highlight results from the upper and lower sequences at Boundary Zone West. Drill HoleFrom (m)To (m)Intersection (m)Zinc (%)Lead (%)Silver (g/t)Bulk Density (t/m3)ZoneNB20-008194.83306.00111.172.480.7412.53.37Upp.V> including198.05212.0013.956.071.1227.83.85Upp.V> and242.35259.3817.034.570.6215.23.53Upp.VNB20-00940.3084.0043.704.760.4318.93.64Upp.> including40.3042.492.1926.355.2153.43.85Upp.T/J>> including41.4042.491.0944.808.3377.63.81Upp.T/JNB20-009181.00406.00225.002.080.095.32.97Low.> including181.00212.0031.002.990.035.22.93Low.HP>> including183.00202.0019.003.690.045.93.26Low.HP>>> including183.00188.005.009.690.0610.42.98Low.HP> and283.50406.00122.502.590.136.43.02Low.V>> including283.50385.00101.502.840.157.13.06Low.V>>> including315.00365.0050.003.750.125.63.08Low.V Upp. = Upper Sequence; Low. = Lower Sequence; V = Vein mineralization; T/J = Tom/Jason style stratiform laminated mineralization; HP = Howard’s Pass style stratiform zinc mineralization. Averages are length and bulk density weighted. CEO StatementBrandon Macdonald, CEO, stated “These first few holes into the new Boundary West discovery have shown the near-surface upper sequence to have significant widths and grade, not just in the newly discovered massive sulphide zone, but also within the barite-hosted stratiform mineralization which in NB20-009 has shown grade potential rivalling the best of Tom & Jason. The lower sequence at Boundary West shows similar grades to parts of central Boundary Zone over a 225 m intersection and the discovery of mineralization in these older rocks hugely expands the exploration space for new discoveries across the whole 940 km2 property. These initial intersections point to two distinct stratiform mineralized systems at Boundary West that are each underlain by significant thicknesses of vein mineralization. Boundary West remains open along strike and down dip, and may have continuity to central Boundary Zone to the east. This suggests a massive size potential and a staggering metal endowment.” NB20-009 and NB20-007 Drill ResultsThese assays complete the results for Fireweed’s new 2020 discovery, Boundary Zone West, approximately 360 m west of the central area of the known Boundary Zone mineralized system. Drill hole NB20-009 was drilled on-section southwest of NB20-004 (Map 2), both targeting a ground-gravity high anomaly surveyed earlier in the season. Both drill holes intersected an upper sequence comprising massive sulphides, Boundary Zone-style vein-hosted and replacement-style mineralization, and stratiform, laminar zinc-lead-silver mineralization similar to that seen at Tom and Jason. NB20-009 also intersected a lower sequence of stratiform, laminar zinc mineralization in older host rocks which were previously not believed to host mineralization in the Macmillan Pass district (Section 1). This lower sequence is hosted in Late Ordovician-Early Silurian host rocks the same age as host rocks at Howard’s Pass, 90 km to the southeast. Its discovery has significant implications for exploration and dramatically increases the area of prospective host rocks in the district. Hole NB20-007 encountered drilling problems at 90 m depth and was re-drilled from the same pad, as NB20-009, intersecting similar geology in the first 90 m. NB20-008 Drill ResultsHole NB20-008 was drilled as a step-out hole 85 m west of pre-2020 drilling, between the previously known core of mineralization at Boundary Zone and Boundary Zone West. Like NB20-004 and NB20-009, NB20-008 targeted a ground gravity high anomaly. Sulphide mineralization included breccia and vein-hosted, and replacement-style mineralization similar to mineralization seen in the core of the Boundary Zone system. The true thickness of the stratiform mineralization cannot be accurately estimated yet owing to the variable orientation of nearby oriented core bedding measurements and sparsity of drill holes. The true thickness of the stratiform mineralization in holes NB20-009 and NB20-007 is estimated to be between 20% to 80% of intersected thicknesses. True widths of individual cm- to m-scale veins intersected in NB20-007, NB20-008 and NB20-009 vary greatly from 20% to 95% of intersected thicknesses reflecting the stockwork nature of the veins, and at this early stage of drilling the overall true thickness of Boundary Zone West cannot be accurately estimated until further drilling is completed. Boundary Zone PotentialThere is no Mineral Resource for Boundary Zone yet and the zone is not included in the current mineral resource estimate for the property (described in Fireweed news release dated January 10, 2018). Boundary Zone has potential to be mined in an open pit with a low strip ratio and to be upgraded through low cost, pre-concentration ore sorting processes (see Fireweed news release dated July 31, 2019). Recent drill results at Boundary Zone along with Tom North Zone and End Zone (see Fireweed news releases dated August 20th and September 10th, 2019; November 15th and 29th, 2018; January 26th, 2021) represent potential for expansion of the large current mineral resources on the property and improvement of Macmillan Pass project economics described in the current Preliminary Economic Assessment (PEA) (see Fireweed news release dated May 23rd, 2018). Boundary Zone BackgroundBoundary Zone mineralization consists of sphalerite-siderite-pyrite and minor galena in veins, stockworks, disseminations, and as replacement of matrix and clasts within coarse clastic rocks. Drilling in 2020 at Boundary Zone West also identified stratiform mineralization similar to the Tom and Jason deposits (see news release dated November 24th, 2020). Historical exploration work at Boundary Zone included geochemical and geophysical surveys as well as 24 drill holes that defined a central 200 x 800 m mineralized zone of zinc (-lead-silver) mineralization within a broader system over 2 km in strike length. Historical length-weighted average intersections1 such as 224.0 m of 2.50% zinc and 0.30% lead, including 4.5 m of 16.40% zinc, are consistent with recent Fireweed drilling and demonstrated potential for bulk tonnage open pit mineralization. In 2019, Fireweed drilled two holes into the central part of the known Boundary Zone mineralization. Both holes intersected wide zones of high-grade replacement-style and vein- and breccia-hosted zinc mineralization, including 100.0 m (true width) of 8.73% zinc from surface including 6.4 m of 43.53% zinc within 230.0 m of 4.51% zinc (see Fireweed news releases dated November 5th, 2019 and January 26th, 2021). In 2020 Fireweed drilled the discovery holes into the Boundary West Zone described in this news release. Notes on sampling, assaying, and data aggregation:The diamond drill core logging and sampling program was carried out under a rigorous quality assurance / quality control program using industry best practices. Drill intersections in this release are all HQ3 (split tube) size core (61.1mm / 2.4-inch diameter) with recoveries typically above 85%. After drilling, core was logged for geology, structure and geotechnical characteristics, marked for sampling, and photographed on site. The cores for analyses were marked for sampling based on geological intervals with individual samples 1.5 m or less in length. Drill core from the Boundary Zone was cut lengthwise in half with a core saw; half-core was sent for assays reported in this news release, and the other half is stored on site for reference. Bulk density was determined on site for the entire length of each sample assayed by measurement of mass in air and mass in water. Sample duplicate bulk density determinations and in-house bulk density standard determinations were each made at a rate of 5%. Since 2017, four in-house bulk density standards (mineralized drill core from the Tom deposit that span a range of densities) have been used and show an acceptable long-term precision. Certified standard masses are used to calibrate the scale balance used for bulk density determinations. A total of 5% assay standards or blanks and 5% core duplicates are included in the sample stream as a quality control measure and are reviewed after analyses are received. Standards and blanks in 2020 drill results to date have been approved as acceptable. Duplicate data add to the long-term estimates of precision for assay data on the project and precision for drill results reported is deemed to be within acceptable levels. Samples were sent to the Bureau Veritas preparation laboratory in Whitehorse, Yukon, where the samples were crushed and a 500 g split was sent to the Bureau Veritas laboratory in Vancouver, B.C to be pulverized to 85% passing 200 mesh size pulps. Clean crush material was passed through the crusher and clean silica was pulverized between each sample. The pulps were analyzed by 1:1:1 Aqua Regia digestion followed by Inductively Coupled Plasma Mass Spectrometry (ICP-ES/ICP-MS) multi-element analyses (BV Code AQ270). All samples were also analyzed for multiple elements by lithium borate fusion and X-ray fluorescence analysis (XRF) finish (BV Code LF725). Over-limit Pb (>25.0%) and Zn (>24.0%) were analyzed by lithium borate fusion with XRF finish (BV Code LF726). Silver is reported in this news release by method AQ270, and zinc and lead are reported by LF725 or LF726. Bureau Veritas (Vancouver) is an independent, international ISO/IEC 17025:2005 accredited laboratory. Results in this news release are length and bulk-density weighted averages as would be used in a Mineral Resource estimate. Readers are cautioned that in Fireweed news releases in prior years, only length weighted assay averages were reported which may result in slightly lower (under reported) average values. Length and bulk-density weighted averages have been reported as these most accurately represent the average metal-content of the intersections. Qualified Person StatementTechnical information in this news release has been approved by Gilles Dessureau, P.Geo, Vice President Exploration and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101. About Fireweed Zinc Ltd. (TSXV: FWZ): Fireweed Zinc is a public mineral exploration company focused on zinc-lead-silver and managed by a veteran team of mining industry professionals. The Company is advancing its district-scale 940 km2 Macmillan Pass Project in Yukon, Canada, which is host to the 100% owned Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study (see Fireweed news releases dated January 10, 2018, and May 23, 2018, respectively, and reports filed on www.sedar.com for details) as well as the Boundary Zone, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources. The project also includes large blocks of adjacent claims (MAC, MC, MP, Jerry, BR, NS, Oro, Sol, Ben, and Stump) which cover exploration targets in the district where previous and recent work identified zinc, lead and silver prospects, and geophysical and geochemical anomalies in prospective host geology. Additional information about Fireweed Zinc and its Macmillan Pass Zinc Project including maps and drill sections can be found on the Company’s website at www.FireweedZinc.com and at www.sedar.com. ON BEHALF OF FIREWEED ZINC LTD. “Brandon Macdonald” CEO & Director Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary StatementsThis news release may contain “forward-looking” statements and information relating to the Company and the Macmillan Pass Project that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company’s prospectus dated May 9, 2017, and filed under the Company’s profile on SEDAR at www.sedar.com. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law. Footnotes: Historic results for the Boundary Zone reported in this news release are taken from historic reports prepared by previous operators. Neither the Company or the Qualified Person has done sufficient work to verify these results and therefore these results should not be relied upon. The Company is including them for information purposes to explain the basis for the exploration target and reasons for drilling. Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b330122c-f124-4af8-8414-1255c6b6e102 https://www.globenewswire.com/NewsRoom/AttachmentNg/84ad7030-e9ec-493e-83c0-38b68e29fa31 https://www.globenewswire.com/NewsRoom/AttachmentNg/10ec7d84-6f70-43ec-8885-cc87e1a035e1 Table 2: Full results from NB20-007. HoleFrom (m)To (m)Intersection (m)Zinc (%)Lead (%)Silver (g/t)Bulk Density (t/m3)ZoneNB20-00737.0072.0035.003.900.3014.63.20Upp.> including37.0053.0016.006.960.5420.73.30Upp.>> including37.0046.559.559.740.8127.03.47Upp.>>> including37.0038.681.6826.133.3636.83.39Upp.T/J>>> and43.6046.552.9512.940.4147.34.26Upp.V>> and51.0053.002.006.140.0914.43.07Upp.V Upp. = Upper Sequence.V = Vein mineralization.T/J = Tom/Jason style stratiform laminated mineralization.Averages are length and bulk density weighted. Table 3: Full results from NB20-008. HoleFrom (m)To (m)Intersection (m)Zinc (%)Lead (%)Silver (g/t)Bulk Density (t/m3)ZoneNB20-00827.0027.890.895.760.026.93.37VeinNB20-00870.0072.002.002.680.416.22.61VeinNB20-00890.00114.0024.002.100.185.92.75Vein> including100.00114.0014.003.080.308.82.78Vein>> including108.00110.092.0911.330.0215.32.93VeinNB20-008148.00149.501.503.760.094.12.81VeinNB20-008194.83306.00111.172.480.7412.53.37Upp.V> including198.05212.0013.956.071.1227.83.85Upp.V>> including204.00212.008.007.951.1029.53.6575Upp.V> and235.00240.005.001.460.818.43.41Upp.V> and242.35259.3817.034.570.6215.23.53Upp.V> and289.00290.001.009.770.7619.73.38Upp.V Upp. = Upper Sequence.V = Vein mineralization.Averages are length and bulk density weighted. Table 4: Full results from NB20-009. HoleFrom (m)To (m)Intersection (m)Zinc (%)Lead (%)Silver (g/t)Bulk Density (t/m3)ZoneNB20-00940.3084.0043.704.760.4318.93.64Upp.> including40.3069.8529.555.660.5821.63.71Upp.>> including40.3042.492.1926.355.2153.43.85Upp.T/J>>> including41.4042.491.0944.808.3377.63.81Upp.T/J>> and46.2651.004.747.870.3533.34.33Upp.VNB20-009164.00167.003.002.850.047.23.22VeinNB20-009181.00406.00225.002.080.095.32.97Low.> including181.00212.0031.002.990.035.22.93Low.HP>> including183.00202.0019.003.690.045.93.26Low.HP>>> including183.00188.005.009.690.0610.42.98Low.HP>>>> including183.00185.002.0014.470.0612.63.06Low.HP>>>> and186.00188.002.008.980.0711.83.00Low.HP>>> and195.00197.002.005.870.026.82.79Low.HP> and283.50406.00122.502.590.136.43.02Low.V>>including283.50385.00101.502.840.157.13.06Low.V>>> including296.32298.712.397.230.1619.13.93Low.V>> and315.00365.0050.003.750.125.63.08Low.V>>> including315.00316.001.0014.500.2215.33.60Low.V>>> and329.70334.054.356.540.249.23.26Low.V>>> and341.00342.001.0015.080.3812.33.67Low.V>>> and350.00351.001.0017.290.046.33.26Low.V>>> and355.00356.001.0011.730.025.13.27Low.V>>> and360.00365.005.005.420.049.02.96Low.V>> and397.13406.008.872.480.022.52.94Low.V Upp. = Upper Sequence; Low. = Lower Sequence.V = Vein mineralization.T/J = Tom/Jason style stratiform laminated mineralization.HP = Howard’s Pass style stratiform zinc mineralization.Averages are length and bulk density weighted. Table 5: 2020 drill hole collar data. Diamond Drill Hole Collars Drill HoleLength (m)ZoneEasting*Northing*Elevation (m)Dip (°)Grid Azimuth (°)NB20-001303.5Boundary Zone42244070104181164-54270NB20-002320.0Boundary Zone42233670103291132-50020NB20-003152.0Boundary Zone42155770104561200-50185NB20-004333.0Boundary Zone42204970106141218-50215NB20-005143.0Boundary Zone42227770103131129-50215NB20-006203.0Boundary Zone42227770103131129-80215NB20-00790.0Boundary Zone42195170105381200-70215NB20-008324.0Boundary Zone42221670103541139-50215NB20-009447.2Boundary Zone42195170105381200-75215MP20-001632.0240 Mile43869870030941311-60295 *UTM Zone 9 NAD83 Reverse Circulation (RC) Drill Hole Collars Drill HoleLength (m)ZoneEasting*Northing*Elevation (m)Dip (°)Grid Azimuth (°)TRC20-0017.6Tom West44206570036671547-50066TRC20-00282.3Tom West44207170036631547-80066TRC20-00364.0Tom West44207170036631547-55066TRC20-00464.0Tom West44207170036631547-70089TRC20-00547.2Tom West44207170036631547-55129TRC20-00636.6Tom West44204970036781545-80065TRC20-00798.45Tom North44165470045071422-51076JRC20-00147.24Jason Main43643770027741298-50027JRC20-00259.44Jason Main43653370027721300-65011 *UTM Zone 9 NAD83 Table 6: 2020 drill hole results and observations. Diamond Drill Hole Descriptions Drill HoleLength (m)ZoneTargetResults and ObservationsNB20-001303.5Boundary ZoneBZ core infillWide zone encountered. Results reported in prior news release.NB20-002320.0Boundary ZoneBZ core infill/step-outWide zone encountered. Hole abandoned at 320 m in mineralization due to drilling problems. Results reported in prior news release.NB20-003152.0Boundary ZoneGravity high anomaly ~800 m west of BZNo significant mineralization. Gravity anomaly explained by dense sedimentary rock unitNB20-004333.0Boundary ZoneGravity high anomaly 360 m west of BZWide zone encountered. Reported in prior news release.NB20-005143.0Boundary ZoneBZ step-out to southNo significant mineralization.NB20-006203.0Boundary ZoneBZ step-out to southMinor mineralization encountered.NB20-00790.0Boundary ZoneGravity high 360 m W of BZHole abandoned due to drilling problems and re-drilled as NB20-009. Reported in this news release.NB20-008324.0Boundary ZoneGravity high anomaly 200 m west of BZ and step-out 80 m west of previous drillingWide zone encountered. Reported in this news release.NB20-009447.2Boundary ZoneGravity high anomaly 360 m W of BZWide zone encountered. Reported in this news release.MP20-001632.0240 Mile TargetGravity high anomaly between the Tom and Jason depositsHole suspended before reaching target horizon; casing left in place to allow resumption of drilling next season. Reverse Circulation (RC) Drill Hole Descriptions – assays pending. Drill HoleLength (m)ZoneTargetResults and ObservationsTRC20-0017.6Tom WestInfillHole abandoned at casing due to drilling problemsTRC20-00282.3Tom WestInfillTom West zone intersected. Assays pending.TRC20-00364.0Tom WestInfillTom West zone intersected. Assays pending.TRC20-00464.0Tom WestTwin of historic holeSuccessful twin with good recovery. Assays pending.TRC20-00547.2Tom WestStep-outHole abandoned before target depth due to drilling problemsTRC20-00636.6Tom WestInfillHole abandoned before target depth due to drilling problemsTRC20-00798.45Tom NorthInfillTom North zone intersected. Assays pending.JRC20-00147.24Jason MainInfillJason Main zone intersected. Assays pending.JRC20-00259.44Jason MainInfillJason Main zone intersected. Hole abandoned in mineralization. Assays pending.

2021-02-25 - Yahoo! Finance: OSI.V News

Osino Resources to Present at 30th Annual BMO Global Metals & Mining Conference

VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV: OSI) (FSE: RSR1) (OTCQB: OSIIF) (“Osino” or “the Company”) is pleased to announce that management will be participating in the 30th annual BMO Global Metals & Mining Conference March 1 – 5, 2021. Heye Daun, CEO of Osino, will be presenting on Thursday, March 4th at 12:00pm ET. Members of management will also be participating in institutional investor meetings during the week. The BMO Global Metals & Mining Conference is one of the sector’s premier mining conferences and for the first time will be hosted digitally. This five-day invitation-only conference brings together mining industry leaders and institutional investors from around the globe. The conference is hosted by the BMO Capital Markets' Metals & Mining Equity Research team. For more information on the conference visit the BMO website. About Osino Resources Osino is a Canadian gold exploration company, focused on the acquisition and development of gold projects in Namibia. Having achieved our initial vision of finding Namibia’s next significant gold deposit, we are now focused on rapidly advancing the exciting Twin Hills gold discovery and to make new discoveries elsewhere along the belt. This we will achieve with Osino’s winning formula of combining innovation & drive with technical experience & strong financial backing. Our portfolio of exclusive exploration licenses is located within Namibia’s prospective Damara mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto Gold Mines. Osino is targeting gold mineralization that fits the broad orogenic gold model. We are actively advancing a range of gold discoveries, prospects and targets across our approximately 7,000km2 ground position by utilizing a portfolio approach geared towards discovery. Osino’s focus in 2020 is on further advancing the Twin Hills and Goldkuppe discoveries within the developing Karibib Gold District, testing our Otjikoto East and Otjiwarongo targets and generating new ones on our remaining licenses. Our core projects are favorably located north and north-west of Namibia’s capital city Windhoek. By virtue of their location, the projects benefit significantly from Namibia’s well-established infrastructure with paved highways, railway, power and water in close proximity. Namibia is mining-friendly and lauded as one of the continent’s most politically and socially stable jurisdictions. Osino continues to evaluate new ground with a view to expanding its Namibian portfolio. Further details are available on the Company's website at https://osinoresources.com/ CONTACT INFORMATIONOsino Resources Corp.Heye Daun: CEOTel: +27 (21) 418 2525hdaun@osinoresources.com Julia Becker: Investor Relations ManagerTel: +1 (604) 785 0850jbecker@osinoresources.com Cautionary Statement Regarding Forward-Looking Information This press release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

2021-02-25 - Yahoo! Finance: TBR.V News

Timberline Resources Calls Annual General Meeting of Shareholders for April 14, 2021

COEUR D'ALENE, ID / ACCESSWIRE / February 25, 2021 / The Board of Directors of Timberline Resources Corporation (OTCQB:TLRS)(TSXV:TBR) (Timberline or the Company) has established April 14, 2021 as the date for the Company's Annual General Meeting of Stockholders for the year ended September 30, 2020 (the 2021 AGM). In association with the 2021 AGM, February 25, 2021 has been set as the record date for determining shareholders who are entitled to notice of, and to vote at, the meeting.

2021-02-25 - Kintavar Exploration Inc.

Kintavar échantillonne jusqu’à 2,41% Cu, 77,5 g / t Ag et 0,2 g / t Au dans les tranchées du projet Wabash; Nature polymétallique confirmée avec des teneurs jusqu’à 2,71% Zn et 4,16% Mn

« La nature polymétallique de Wabash est particulièrement intéressante. » ajoute Mugerman. « Le zinc a été identifié dans 27 échantillons avec des teneurs supérieures à 0,1%. L'or n'est pas couramment trouvé dans ce type de gisements, mais il semble que la géologie de Grenville ait eu une certaine particularité ici, comme le montrent les 6 échantillons qui ont titré des teneurs en or supérieures à 0,1 g/t en plus de leurs teneurs en cuivre et en argent. Le manganèse, un métal important dans les batteries Li-ion, est sans production en Amérique du Nord et il est présent dans toutes les unités sédimentaires de Wabash avec une teneur moyenne de 0,6% Mn. Certaines anomalies de cobalt et de plomb ont également été identifiées. Aucun suivi ayant ciblé spécifiquement l’Au, le Zn, le Mn ou le Co n'a été effectué à ce jour sur la propriété, mais fera partie du programme de recherche scientifique et d'exploration en 2021. »

The post Kintavar échantillonne jusqu’à 2,41% Cu, 77,5 g / t Ag et 0,2 g / t Au dans les tranchées du projet Wabash; Nature polymétallique confirmée avec des teneurs jusqu’à 2,71% Zn et 4,16% Mn appeared first on Kintavar Exploration Inc..

2021-02-25 - Yahoo! Finance: GPH.V News

Graphite One Comments on New U.S. Presidential Executive Order Elevating EV Battery Sector as Critical Supply Chain

* New Presidential Order Identifies 4 Critical Supply Chain Priorities * Graphite is Critical Material to 3VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / Graphite One Inc.(OTCQB:GPHOF)(TSXV:GPH) (Graphite One or the Company) offers the following comment on a new Executive Order (EO) issued by U.

2021-02-25 - TVI Pacific Inc. Press Releases

TVI Pacific provides Exploration Update at its 30.66% owned TVIRD Balabag Gold and Silver Project

2021-02-25 - Yahoo! Finance: VLC.V News

Velocity Exercises Option for 100% Ownership of Iglika Project

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - Velocity Minerals Ltd. (TSXV: VLC) (Velocity or the Company) announces that it has accelerated the exercise of its option to acquire the Iglika copper-gold project (Iglika or the Project), located in southeastern Bulgaria. The Company has now acquired a 100% interest in the Project and the associated exploration license. The Project is located in the westernmost portion of the prolific Tethyan belt that ...

2021-02-25 - MINING.COM

Anglo American ended 2020 stronger than expected

The miner beat expectations with a small fall in 2020 earnings, but boosted dividend as soaring commodity prices helped it recover from covid-19 disruptions in the first half of the year.

2021-02-25 - Yahoo! Finance: WLF.V News

Wolfden Commences Expansion Drill Program of Strategic Metal Ni-Cu-Co Deposit

THUNDER BAY, ON / ACCESSWIRE /February 25, 2021 / Wolfden Resources Corporation (TSXV:WLF) (the Company or Wolfden) is pleased to announce that the Company has commenced a 2,300 metre (6-8 hole) diamond drill program designed to expand its wholly owned Rice Island strategic-metal nickel-copper-cobalt deposit with support of a $230,000 grant from the Manitoba Government Mineral Development Fund. The deposit is well located near the town of Snow Lake and its existing infrastructure that includes power, an experienced mining work force and operating mineral processing facilities.

2021-02-25 - Yahoo! Finance: SCZ.V News

Santacruz Silver Enters Definitive Agreement to Acquire the Zimapan Mine and Arranges Financing For Transaction

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTC: SZSMF) (FSE: 1SZ) (the Company or Santacruz) reports that its wholly-owned subsidiary, Carrizal Mining S.A. de C.V. (Carrizal), has entered into a definitive agreement (the P&S Agreement) with Minera Cedros, S.A. de C.V. (Minera Cedros), a wholly owned subsidiary of Industrias Peñoles, S.A.B. de C.V., to acquire (the Acquisition) the Zimapan property and related assets (the Zimapan Mine) ...

2021-02-25 - Yahoo! Finance: RKR.V News

Rokmaster Increases Underground Drill Program To 10,000 M And Accelerates Warrants Expiry Date

25, 2021 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) (Rokmaster or the Company) is pleased to announce that due to continued success in expanding the Revel Ridge Main Zone (RRMZ) and as more remarkable continuity of the polymetallic, gold-silver rich RRMZ mineralization becomes apparent, the underground portion of our 2021 diamond drilling program has been expanded from 8,000, to 10,000 metres.

2021-02-25 - Yahoo! Finance: ITR.V News

Integra Resources Announces the Appointment of Carolyn Clark Loder to its Board of Directors

VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Integra Resources Corp. (“Integra” or the “Company”) (TSX-V:ITR ; NYSE American: ITRG) is pleased to announce the appointment of Carolyn Clark Loder to its Board of Directors (the “Board”). Ms. Loder, a distinguished mining executive with 30+ years of experience in United States based land holdings and relations with Tribal Nations, most recently held the position of Manager of Mineral Rights and Public Lands for Freeport-McMoRan Inc. Ms. Loder was appointed to the Board as an independent Director effective February 24, 2021. Stephen de Jong, Integra’s Chairman of the Board, commented, “The Board is thrilled to welcome Carolyn, and looks forward to her invaluable guidance on all matters related to consultation with Tribal Nations, ESG, and land management. Carolyn’s award-worthy leadership and experience with large mining operations in the United States will be of great help as Integra advances the DeLamar Project in southwest Idaho.” Ms. Loder has a M.L.S. in Indian Law from Arizona State University School of Law, and an M.A. with Highest Honors in Physical Geography with a minor in Geology from California State University, Fresno. Ms. Loder is a distinguished leader in mineral rights, land management, multiple land use planning, mineral development, and Tribal Relations. She recently was named in the “Top 100 Global Inspirational Women in Mining for 2020” by Women in Mining – United Kingdom. Ms. Loder has served as President of the California Mining Association, Vice-President of the New Mexico Mining Association, and has been appointed by three U.S. Secretaries of the Interior to the U.S. Bureau of Land Management Resource Advisory Council where she served for nine years, including Vice Chair. As Manager of Mineral Rights and Public Lands for Freeport-McMoRan Inc., she was responsible for the management of mineral rights for all corporate holdings, including exploration, active and in-active operations. Ms. Loder has been recognised with numerous awards for mineral reserve acquisition, leadership and professionalism by corporations, associations, U.S. governmental entities and Tribal Nations. Ms. Carolyn Clark Loder has been granted incentive stock options in conjunction with her appointment to the Board of Directors, exercisable to purchase in aggregate up to 100,000 common shares in the capital of the Company until February 24, 2026 at an exercise price of C$4.24 per share. The options were granted in accordance with Integra’s Equity Incentive Plan and are subject to vesting provisions. About Integra Resources Integra is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar Gold-Silver Project in Idaho, USA. Integra is led by the management team from Integra Gold Corp. which successfully grew, developed and sold the Lamaque Project, in Quebec, for C$600 M in 2017. Since acquiring the DeLamar Project, which includes the adjacent DeLamar and Florida Mountain gold and silver Deposits, in late 2017, the Company has demonstrated significant resource growth and conversion while providing a robust economic study in its maiden Preliminary Economic Assessment. The Company is currently focused on resource growth through brownfield and greenfield exploration and the start of pre-feasibility level studies designed to advance the DeLamar Project towards a potential construction decision. For additional information, please reference the “Technical Report and Preliminary Economic Assessment for the DeLamar and Florida Mountain Gold – Silver Project, Owyhee County, Idaho, USA (October 22, 2019).” ON BEHALF OF THE BOARD OF DIRECTORSGeorge SalamisPresident, CEO and Director CONTACT INFORMATIONCorporate Inquiries: ir@integraresources.comCompany website: www.integraresources.comOffice phone: 1 (604) 416-0576

2021-02-25 - Yahoo! Finance: REG.V News

Are Insiders Buying Regulus Resources Inc. (CVE:REG) Stock?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

2021-02-25 - Yahoo! Finance: AUN.V News

Aurcana Silver Selected For 2020 TSX Venture Top 50 List

VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- AURCANA SILVER CORPORATION (Aurcana or the Company) (TSXV: AUN) is pleased to announce that the TSX Venture Exchange has recognized Aurcana as a top 10 performing Company in the Mining sector. The TSX Venture 50 is a ranking of the top performing companies during 2020 based on the following three equally weighted criteria for the year: 1) share price appreciation (AUN +285%), 2) market capitalization (AUN +506%) and 3) trading volume (AUN 144.6 million shares). Aurcana is honored to be recognized as a top 50 performer on the TSX Venture Exchange for 2020. “To be recognized as a TSX Venture 50 winner means that the efforts that Aurcana has made in building a strong asset base and earning a significant and loyal shareholder base have paid off. This recognition as a leader among our peers means that all of our hard work since the acquisition of Ouray Silver Mines is coming to fruition. We look forward to a successful restart of the Revenue-Virginius mine this year and plan to continue our track record of building shareholder value,” said Kevin Drover, President and CEO of the Company. As part of the award, the TSX Venture Exchange recorded an overview of Aurcana Silver, which can be viewed here: https://vimeo.com/511470204/83f1889aa2. ABOUT AURCANA SILVER CORPORATION Aurcana Silver Corporation wholly owns and is restarting its flagship polymetallic Revenue-Virginius Mine (RV Mine), in Colorado. The RV Mine’s primary metal is silver, with gold, lead, zinc and copper by-product credits. The Company is fully funded and fully permitted to start production at the RV Mine in 3Q2021. The RV Mine is expected to produce approximately 2.3 million ounces of silver (3.1 million ounces silver equivalent) at an AISC of approximately $7.40/ounce of silver after by-product credits over the first five years* based on the RV Mine’s 2018 feasibility study (the “2018 FS”) prepared in accordance with National Instrument NI 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). A copy of the 2018 FS is posted on the Company’s website www.aurcana.com and is also available on the Company’s profile on SEDAR at www.sedar.com. Aurcana Silver also owns the fully permitted Shafter-Presidio Silver Project in Texas, US with a primarily silver resource. A 2018 PEA showing a positive value and substantial leverage to the price of silver is available on the Company’s website www.aurcana.com and is also available on the Company’s profile on SEDAR at www.sedar.com. *(1) Based on the NI 43-101 OSMI Feasibility Study issued by SRK Consulting (U.S.), Inc. effective June 15, 2018 (“FS”); (2) Metal equivalent basis is calculated using the FS Price Deck: Ag $18.50/oz, Au $1,300/oz, Pb $1.00/lb, Zn $1.20/lb. See slides 13 and 14 for individual metal components of resources and reserves. For further information see the Company’s news release dated July 30, 2018 titled “Aurcana Announces Transformational Transaction” which is available on the Company’s website and is filed on SEDAR www.sedar.com; (3) Resources inclusive of Reserves; (4) AISC or All In Sustaining Costs is a non-IFRS and Non-GAAP measure; AISC includes all production costs related to extraction and processing as w ell as costs associated with transportation, treatment, refining and other selling costs plus capital costs; (5) AFTER BY PRODUCT CREDITS: Byproduct credits for Au, Pb & Zn calculated with the FS Price Deck. Qualified Person Statement The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101 ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION “Kevin Drover”President & CEO For further information, visit the website at www.aurcana.com or contact: Aurcana Corporation850 – 789 West Pender StreetVancouver, BC V6C 1H2Phone: (604) 331-9333 Gary Lindsey, Corporate CommunicationsPhone: (720)-273-6224Email: gary@strata-star.com CAUTIONARY NOTES This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices. Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

2021-02-25 - Yahoo! Finance: PLAN.V News

Foreigners Enjoy the Spring Festival in China

25, 2021 /CNW/ -- A report from Science and Technology Daily:Compared with the spring festivals before the COVID-19 pandemic, the celebration in this year is quite different. Many Chinese people chose not to go back to hometown as people are encouraged to stay where they are and celebrate the Spring Festival, so did a group of foreigners who work in China.

2021-02-25 - Yahoo! Finance: PLAN.V News

Foreigners Enjoy the Spring Festival in China

25, 2021 /CNW/ -- A report from Science and Technology Daily:Compared with the spring festivals before the COVID-19 pandemic, the celebration in this year is quite different. Many Chinese people chose not to go back to hometown as people are encouraged to stay where they are and celebrate the Spring Festival, so did a group of foreigners who work in China.

2021-02-25 - Yahoo! Finance: MQR.TO News

The next new vehicle purchase for nearly 70 per cent of Canadians will be an electric model: KPMG in Canada survey

Infrastructure investment needed to accelerate adoption of EVs in Canada as concerns persist over battery life and rangeTORONTO, Feb. 25, 2021 /CNW/ - Seven in 10 Canadians (68 per cent) who plan to buy a new vehicle within the next five years are likely to buy an electric vehicle (EV), either pure or hybrid, although the lack of a robust charging infrastructure, battery life and range and the purchase price remain persistent concerns, finds a new survey by KPMG in Canada.

2021-02-25 - Yahoo! Finance: NGT.TO News

Newmont Corporation (NYSE:NEM) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

With its stock down 7.4% over the past month, it is easy to disregard Newmont (NYSE:NEM). But if you pay close...

2021-02-25 - Yahoo! Finance: ACP.V News

ArcPacific Resources Outlines Three Main Silver Copper and Gold Zones on LMSL Project

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - ArcPacific Resources Corp. (TSXV: ACP) (ACP or the Company) is pleased to provide an update on the ongoing data analysis for its 100% owned 8,136 hectare Lucky Mike Silver Lode Project (the LMSL or the Project) located adjacent to Canada's largest producing copper mine in the prolific Quesnel Trough in southern British Columbia. The LMSL boasts excellent infrastructure and year round access. Highlights:Identified multiple hydrothermal ...

2021-02-25 - AIS Resources TSX-V AIS

AIS Resources to Begin Drilling 1000M in First Week of March 2021 at Yalgogrin Gold Project

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is delighted to report that Fender Geophysics has completed the Gradient Array Induced Polarization and Dipole-Dipole Geophysics survey at EL5891 Yalgogrin gold project with chargeability readings of 5-7.5mv/v over the targeted area that are up to five times background values.

The post AIS Resources to Begin Drilling 1000M in First Week of March 2021 at Yalgogrin Gold Project appeared first on AIS Resources TSX-V AIS.

2021-02-25 - Candente Gold Corp News Feed

Xali Gold Delineates Drilling Targets at El Dorado

2021-02-25 - Yahoo! Finance: HZM.TO News

Horizonte Minerals Plc: Award of Power Line Licence for Araguaia Project

LONDON, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Horizonte Minerals Plc, (AIM:HZM, TSX:HZM) (‘Horizonte’ or ‘the Company’) the nickel company focused on Brazil, is pleased to announce that it has been awarded the construction licence package for the development of the power line for its 100% owned Araguaia Ferronickel Project (“Araguaia” or “the Project”). The approved package includes the preliminary licence (Licença Prévia), the construction licence (Licença de Instalação), and the related fauna and flora licences. These were granted by the Pará State Environmental Agency, Secretaria de Meio Ambiente e Sustentabilidade (‘SEMAS’). This licence package permits the implementation of a 120km, 230KV power line, and respective substation. The power line will connect Araguaia to the national power grid and will cover the full power requirement for the Project at nameplate capacity. Horizonte CEO, Jeremy Martin, commented: “Araguaia is already fully permitted to start construction. The award of the power licence package is a critical step in our path to production, and further de-risks the Project by securing the full power requirement for commercial operation. The power supply will be hydroelectric which is a key factor in the ability to produce a low CO2 per tonne of product, in line with other Brazilian ferronickel producers, placing Araguaia in the lowest half of carbon emitters globally for nickel production. We look forward to updating the market on progress at Araguaia over the coming months.” For further information, visit www.horizonteminerals.com or contact: Horizonte Minerals plcJeremy Martin (CEO)Anna Legge (Corporate Communications)info@horizonteminerals.com +44 (0) 203 356 2901 Peel Hunt (NOMAD & Broker)Ross AllisterDavid McKeown+44 (0)20 7418 8900 About Horizonte Minerals:Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil. The Company is developing the Araguaia project, as the next major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, with the aim of being able to supply nickel and cobalt to the EV battery market. Both projects are 100% owned. CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, the ability of the Company to complete the Acquisition as described herein, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the ability of the Company to complete the Placing as described herein, and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: the inability of the Company to complete the Acquisition as described herein, exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, the inability of the Company to complete the Placing on the terms as described herein, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

2021-02-25 - Yahoo! Finance: NRM.V News

Noram Receives Results for CVZ-64: High of 1860 ppm Intersection of 250ft (76.2m) Averaging 1077 ppm of Lithium

VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / Noram Ventures Inc. (Noram or the Company) (TSXV:NRM)(Frankfurt:N7R)(OTCQB:NRVTF) is pleased to announce the successful completion of CVZ-64.

2021-02-25 - Yahoo! Finance: AGG.V News

African Gold Group $4.6 Million Private Placement Clarification

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) would like to make a correction regarding the details of the closing of its non-brokered private placement financing of units (the “Units”) on an oversubscribed basis for gross proceeds of C$4,637,421.75 (the “Offering”) and issued 30,916,145 Units pursuant to the Offering. The Company’s press released dated as of February 24, 2021 stated total gross proceeds of C$4,599,921.75 and issuance of 30,666,145 Units in error. About African Gold Group African Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa’s next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. AGG’s principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2020 definitive feasibility study and is targeting gold production of 100,000 oz per annum. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offering potential for an increase in resource. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.For more information: Danny Callow President and Chief Executive Officer+(27) 76 411 3803 Danny.Callow@africangoldgroup.com Scott EldridgeNon-Executive Chairman of the Board(604) 722-5381Scott.Eldridge@africangoldgroup.com Daniyal Baizak VP Corporate Development647-835-9617Daniyal.Baizak@africangoldgroup.com Camarco (Financial PR)Gordon Poole Nick Hennis +44 (0) 20 3757 4997 AfricanGoldGroup@camarco.co.uk Cautionary statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding, the intended use of proceeds of the Offering and other matters relating to the Offering. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although AGG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

2021-02-25 - Yahoo! Finance: BYN.V News

Is Banyan Gold (CVE:BYN) In A Good Position To Deliver On Growth Plans?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

2021-02-25 - Yahoo! Finance: BRZ.V News

IT Tech Packaging, Inc. Announces Pricing of Approximately $20.0 Million Offering of Common Stock and Warrants

IT Tech Packaging, Inc. (NYSE MKT: ITP) (IT Tech Packaging or the Company), a leading manufacturer and distributor of diversified paper products in North China, announced today the pricing of an underwritten offering of 26,666,666 shares of its common stock and warrants to purchase up to an aggregate of 13,333,333 shares of its common stock. Each share of common stock is being sold together with a warrant to purchase one half share of common stock at a combined price to the public of $0.75. Gross proceeds before underwriting discounts and commissions and estimated offering expenses, are expected to be $20.0 million.

2021-02-25 - Yahoo! Finance: SCLT.V News

Searchlight Resources Mobilizes Drill to Henning-Maloney Gold Target

* Drilling at Beatty South Copper project will followVANCOUVER, BC / ACCESSWIRE / February 24, 2021 / Searchlight Resources Inc. (Searchlight or the Company) (TSXV:SCLT)(OTC PINK:CNYCF) is pleased to announce that a diamond drill rig and geological team have been mobilized to the Henning-Maloney gold target located 6 kilometres south of Creighton, Saskatchewan, and the historic Flin Flon mining camp.

2021-02-25 - Yahoo! Finance: SHL.V News

Spruce Ridge Announces Closing of Non-Brokered Flow-Through Financing

PUSLINCH, ON / ACCESSWIRE / February 24, 2021 / Spruce Ridge Resources Ltd. (TSXV:SHL) (Spruce Ridge or the Company) announces that it has received approval from the TSX Venture Exchange to close its non-brokered private placement of flow-through shares (see News Release dated January 11th and January 20, 2021).

2021-02-25 - Yahoo! Finance: NWX.V News

DFI and Canonical offer risk-free system updates and reduced software lead times for the IoT ecosystem

24, 2021 /CNW/ -- DFI and Canonical, the publisher of Ubuntu, signed the IoT Hardware Certification Partner Program. DFI is the world's first industrial computer manufacturer to offer Ubuntu-certified IoT hardware ready for the over-the-air software update.

2021-02-25 - Yahoo! Finance: SGU.V News

Signature Resources Ltd. Annual General and Special Shareholders Meeting Update

TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) (Signature or the Company), announces that due to the restrictions and guidelines on public gatherings, including the stay-at-home order extended this past Friday by the Ontario government, the Company will be hosting its annual general and special meeting of shareholders (the “Meeting”) this coming Monday, March 1, 2021 at 1:00 p.m. virtually. Any shareholder who wishes to attend the Meeting may only attend virtually by video conference using the following Zoom link: https://zoom.us/j/98384121870?pwd=elJFVHhDbTVGSkIrb1JRcVFwMXhsZz09 (Meeting ID: 983 8412 1870, Passcode: 084827). All shareholders who are eligible to vote at the Meeting are strongly encouraged to vote by proxy in advance of the Meeting. All proxies must be received by the Company’s transfer agent, TSX Trust Company, by 1:00 p.m. (Toronto time) on February 25, 2021. Registered shareholders may send their form of proxy via fax: (416) 595-9593 or by email at tmxeproxysupport@tmx.com or vote online at: www.voteproxyonline.com. About Signature The Lingman Lake gold property consists of 622 staked claims, four free hold full patented claims and 14 mineral rights patented claims totaling approximately 12,148 hectares. The property hosts an historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths. *This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, Technical Report on the Lingman Lake Gold Property dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca , or contact: Jonathan HeldChief Financial Officer 416-270-9566Cautionary Notes Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

2021-02-25 - Yahoo! Finance: GSS.V News

Gossan Completes $396,000 Private Placement

Winnipeg, Manitoba--(Newsfile Corp. - February 24, 2021) - Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the Company) has completed a non-brokered private placement offering (the Offering) of 6,600,000 units (Units) of the Company at a purchase price of $0.06 per Unit, for aggregate gross proceeds of $396,000. Each Unit consists of one common share (Common Share) in the capital of the Company and one Common Share purchase warrant (a Warrant) of the ...

2021-02-25 - Yahoo! Finance: SLL.V News

TETRA Technologies, Inc. Announces Full Year And Fourth Quarter 2020 Results

TETRA Technologies, Inc. (TETRA or the Company) (NYSE:TTI) today announced full year and fourth quarter 2020 results, which are within the range of the preliminary results that were pre-announced on January 29, 2021. On that same date, the Company announced the sale of the general partner, incentive distribution rights, and 10.95 million common units of CSI Compressco LP (CSI Compressco) and 15 compressor units to Spartan Energy Partners, which generated over $30 million of cash proceeds to TETRA. TETRA's income statement reflects CSI Compressco as discontinued operations, and the assets and liabilities of CSI Compressco are reflected as assets and liabilities held for sale as of December 31, 2020. TETRA continues to own 5.2 million of CSI Compressco common units, which are equal to approximately 11% of the total outstanding CSI Compressco common units, with a current market value of approximately $10.6 million. Net loss before discontinued operations for the fourth quarter of 2020 was $7.1 million inclusive of $3.4 million of non-recurring charges and expenses. Total year cash from operating activities was $77 million, compared to $90 million in 2019.

2021-02-25 - Latest updates

Providence Gold Bulk Sample & Stockpile Modeling Update

2021-02-25 - Latest updates

Cabral Gold Recognized as a TSX Venture Top 50 Company

2021-02-25 - Yahoo! Finance: AMY.V News

American Manganese Welcomes the Inclusion of EV Batteries in President Biden’s Executive Order Strengthening Critical Supply Chains

American Manganese is Developing Strategic Sources of Four U. Government-Listed Critical MineralsElevation of EV Battery Supply Chain Puts Spotlight on RecycLiCo's Rapid DevelopmentAMY's Critical Mineral Work Has Support from Canadian Government Agency and Two Departments of the U.

2021-02-24 - Yahoo! Finance: ASM.TO News

Avino Silver & Gold Mines Ltd. Fourth Quarter and Year End 2020 Financial Results to be Released on Wednesday, March 3, 2021

Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE:GV6) (Avino or the Company) plans to announce its Fourth Quarter and Year End 2020 financial results after the market closes on Wednesday, March 3, 2021.

2021-02-24 - Yahoo! Finance: FL.V News

Frontier Lithium Announces $3 Million Financing

24, 2021 /CNW/ - Frontier Lithium Inc. (TSXV: FL) (OTCQB: LITOF) (FSE: HL2) (Frontier or the Company) has proposed a non-brokered private placement offering for a total of 3,000,000 units (Units) of the Company priced at $1.

2021-02-24 - Yahoo! Finance: PRB.V News

Probe Metals Announces Grant of Stock Options and RSUs

TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Probe Metals Inc. (TSX-V: PRB) (“Probe” or the “Company”) announces that it has granted options to acquire a total of 1,325,000 common shares of the Company to officers and directors at the exercise price of $1.42 per share for a period of five years, subject to vesting requirements. Additionally, the Company has granted 705,000 restricted stock units (“RSUs”) to officers and directors of the Company under the terms of the Company’s restricted share unit plan (the “RSU Plan”). Each RSU entitles the holder to acquire one common share of the Company by delivering an exercise notice in accordance with the RSU Plan. The RSU grant follows the guidelines of the RSU Plan, the text of which is available on www.sedar.com. About Probe Metals:Probe Metals Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The Company is committed to discovering and developing high-quality gold projects, including its key asset the Val-d’Or East Gold Project, Quebec. The Company is well-funded and controls a strategic land package of approximately 1,000-square-kilometres of exploration ground within some of the most prolific gold belts in Quebec. The Company was formed as a result of the sale of Probe Mines Limited to Goldcorp in March 2015. Newmont currently owns approximately 11.6% of the Company. On behalf of Probe Metals Inc., Dr. David Palmer, President & Chief Executive Officer For further information: Please visit our website at www.probemetals.com or contact: Seema SindwaniDirector of Investor Relationsinfo@probemetals.com+1.416.777.9467 Forward-Looking Statements Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain forward-looking statements which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

2021-02-24 - Yahoo! Finance: NTR.TO News

Nutrien’s CFO Pedro Farah to Speak at the BofA Securities Global Agriculture and Materials Conference

Nutrien Ltd (TSX and NYSE: NTR) announced today that Mr. Pedro Farah, Nutrien’s CFO, and Mr. Jeff Tarsi, Senior Vice President of North American Operations, will be speaking at the BofA Securities Global Agriculture and Materials Conference on Wednesday, March 3 at 2:00 p.m. EST.

2021-02-24 - Yahoo! Finance: NTR.TO News

Nutrien’s CEO Chuck Magro to Speak at the BMO 30th Global Metals and Mining Conference

Nutrien Ltd (NYSE, TSX: NTR) announced today that Mr. Chuck Magro, Nutrien’s President and CEO, will be speaking at the BMO 30th Global Metals and Mining Conference on Tuesday, March 2 at 12:30 p.m. EST.

2021-02-24 - Yahoo! Finance: POM.TO News

PolyMet wins Minnesota top court ruling on $1 billion mine

Minnesota's highest court on Wednesday handed a victory to PolyMet Mining Corp, saying state regulators need not investigate allegations of sham permitting when considering an air emissions permit for the company's proposed $1 billion copper-nickel-platinum mine. The Minnesota Supreme Court said the federal Clean Air Act did not require the Minnesota Pollution Control Agency to examine objections to the proposed NorthMet mine made by four environmental groups and the Fond du Lac Band of Lake Superior Chippewa tribe. Shares of Toronto-based PolyMet, which are listed in Canada and New York, closed up more than 16%.

2021-02-24 - Yahoo! Finance: OR.TO News

Osisko Declares First Quarter 2021 Dividend

MONTREAL, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased to announce a first quarter 2021 dividend of C$0.05 per common share. The dividend will be paid on April 15, 2021 to shareholders of record as of the close of business on March 31, 2021. For shareholders residing in the United States, the U.S. dollar equivalent will be determined based on the daily rate published by the Bank of Canada on March 31, 2021. This dividend is an eligible dividend as defined in the Income Tax Act (Canada). The Company also wishes to remind its shareholders that it has implemented a dividend reinvestment plan (the “Plan”). Shareholders who are residents of Canada and the United States may elect to participate in the Plan in connection with the dividend to be paid on April 15, 2021 to shareholders on record as of March 31, 2021. More details are available on Osisko’s website at http://osiskogr.com/en/dividends/drip/ Non-registered beneficial shareholders who wish to participate in the Plan should contact their financial advisor, broker, investment dealer, bank or other financial institution that holds their common shares to inquire about the applicable enrolment deadline and to request enrolment in the Plan. For more information on how to enroll or any other inquiries, contact the Agent at 1-800-387-0825 (toll-free in Canada) or inquiries@canstockta.com. Participation in the Plan does not relieve shareholders of any liability for taxes that may be payable in respect of dividends that are reinvested in common shares under the Plan. Shareholders should consult their tax advisors concerning the tax implications of their participation in the Plan having regard to their particular circumstances. This press release is not an offer or a solicitation of an offer of securities. About Osisko Gold Royalties Ltd Osisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 140 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko’s head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2. For further information, please contact Osisko Gold Royalties Ltd: Heather TaylorVice President, Investor RelationsTel. (514) 940-0670 x105htaylor@osiskogr.com Forward-looking statements Certain statements contained in this press release may be deemed forward-looking statements within the meaning of applicable Canadian and U.S. securities laws. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements are not guarantees of performance. In this news release, these forward-looking statements may involve, but are not limited to, comments with respect to the directors and officers of the Company, information pertaining to the fact that all conditions for payment of the dividend will be met and that such dividend will continue to be an “eligible dividend” as defined in the Income Tax Act (Canada). Words such as may, will, would, could, expect, believe, plan, anticipate, intend, estimate, continue, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including that the financial situation of the Company will remain favourable. The Company considers its assumptions to be reasonable based on information currently available, but cautions the reader that its assumptions regarding future events, many of which are beyond the control of the Company, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Company and its business. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this press release, see the section entitled “Risk Factors” in the most recent Annual Information Form of Osisko which is filed with the Canadian securities commissions and available electronically under Osisko’s issuer profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission and available electronically under Osisko’s issuer profile on EDGAR at www.sec.gov. The forward-looking information set forth herein reflects Osisko’s expectations as at the date of this press release and is subject to change after such date. Osisko disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

2021-02-24 - Yahoo! Finance: UGM.V News

UrbanGold Reports Results from First Four Holes at Pallador-Regnault

Laval, Quebec--(Newsfile Corp. - February 24, 2021) - UrbanGold Minerals Inc. (TSXV: UGM) (UrbanGold or the Company) reports results from the first four of ten core holes (totalling 1,095 metres of 2,452 metres) drilled on its 100% owned 26,585-hectare Pallador Property (the Property) in the Regnault area of the Troilus-Frotet region. This drill program targeted an area located immediately south of the Kenorland Minerals Regnault gold discovery (see Kenorland's July 29, 2020 news release). ...

2021-02-24 - MINING.COM

High-grade M&A potential for British Columbia mining

With a dearth of shovel-ready development projects in the pipeline, 2021 could see a lot of merger-and-acquisition activity in BC.

2021-02-24 - New Age Metals Inc.

NEW AGE METALS ANNOUNCES PRIVATE PLACEMENT FOR UP TO $4.75 MILLION, WITH PARTICIPATION BY ERIC SPROTT

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. News Release – Rockport, Ontario – February 24, 2021  – New Age Metals Inc. (TSXV: NAM) (OTCQB: NMTLF) (FSE: P7J) (“NAM” or the “Company“), is pleased to ... Read more

2021-02-24 - Yahoo! Finance: OR.TO News

Osisko Reports 2020 Results and Provides 2021 Guidance

Chart 1: Canadian Malartic Production Profile Chart 1: Canadian Malartic Production Profile MONTREAL, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the fourth quarter and full year 2020 and provides guidance for 2021. Amounts presented are in Canadian dollars, except otherwise noted. 2020 Highlights Earned 66,113 GEOs1 in 2020, above revised guidance of 63,500 – 65,500 GEOs;Record revenues from royalties and streams of $156.6 million (2019 – $140.1 million);Record cash flows from operations of $108.0 million, an increase of 18% compared to 2019;Cash operating margin2 of 94% from royalties and streams;Net earnings attributable to Osisko’s shareholders of $16.9 million, or $0.10 per share; andAdjusted earnings3 of $43.7 million, or $0.27 per basic share (2019 – $41.9 million, $0.28 per basic share). Q4-2020 Highlights Earned 18,829 GEOs1, excluding 1,754 GEOs from the Renard diamond stream;Record revenues from royalties and streams of $48.8 million (Q4 2019 – $38.9 million);Cash flows from operating activities of $32.6 million (Q4 2019 – $17.2 million);Cash operating margin2 of 94% from royalty and stream interests;Net earnings attributable to Osisko’s shareholders of $4.6 million, $0.03 per basic share; andAdjusted earnings3 of $12.0 million or $0.07 per basic share (Q4 2019 – $10.3 million, $0.07 per basic share); Sandeep Singh, President and CEO of Osisko commented on the activities of the fourth quarter of 2020: “Despite mine shutdowns associated with COVID-19 in the first half of the year, Osisko achieved record revenues and cash flows. Our asset base is performing well, with several recent positive developments, including a major catalyst on the Odyssey underground project extending production from our flagship Canadian Malartic asset for decades. Elsewhere, our partners are replacing reserves, extending mine lives, outlining new discoveries and announcing, or further justifying, mine expansions. The fourth quarter marked the last quarter where we invested directly into the Cariboo project. Through the creation of Osisko Development, we added significant value while simplifying our business going forward. We start the year in excellent shape to unlock value for shareholders.” Other Highlights Completed the spin-out of mining assets and certain equity positions through a reverse take-over (“RTO”) transaction and the creation of a North American gold development company, Osisko Development Corp. (“Osisko Development”), which concurrently completed a $100.1 million bought deal financing;In December 2020, Osisko Development closed a brokered private placement for gross proceeds of $40.2 million and received proceeds of $73.9 million from a private placement that closed in 2021 (for a total additional financing of $79.8 million);In October 2020, Osisko announced a strategic partnership with Regulus Resources Inc. (“Regulus”) whereby Regulus has agreed to grant Osisko an initial NSR royalty of 0.75% - 1.5% on the Mina Volare claim, part of the larger AntaKori project, as well as certain future royalty rights in exchange for an upfront cash payment of US$12.5 million ($16.4 million); In February 2021, Agnico Eagle Mines Limited (“Agnico Eagle”) and Yamana Gold Inc. (“Yamana”) announced a positive construction decision for the Odyssey underground mine project. The preliminary economic study shows a total of 7.29 million ounces of additional gold in the mine plan (6.18 million tonnes grading 2.07 g/t gold indicated resources and 75.9 million tonnes grading 2.82 g/t gold inferred resources). Underground mine production is planned to start in 2023 and is expected to ramp up to an average of 545,400 ounces of gold per year from 2029 to 2039;On February 12, 2021, Osisko repaid a $50.0 million convertible debenture and drew its credit facility for the same amount, thereby reducing the interest payable by approximately 1.5% per annum; andDeclared a quarterly dividend of $0.05 per common share payable on April 15, 2021 to shareholders of record as of the close of business on March 31, 2021. 2021 Guidance Osisko’s 2021 guidance on royalty, stream and offtake interests is largely based on publicly available forecasts from our operating partners. When publicly available forecasts are not available, Osisko obtains internal forecasts from the producers or uses management’s best estimate. GEOs and cash margin by interest, excluding the Renard stream, are estimated as follows for 2021: Low High Cash margin (GEOs) (GEOs) (%) Royalty interests 59,750 62,800 100 Stream interests 17,400 18,250 87 Offtake interests 850 950 3 78,000 82,000 97* * Excluding offtake interests For the 2021 guidance estimate, deliveries of silver and cash royalties have been converted to GEOs using commodity prices of US$1,800 per ounce of gold, US$25 per ounce of silver and an exchange rate (USD/CAD) of 1.28. Any GEOs (and the related cash margin) from the Renard diamond stream have been excluded from the outlook above. For 2021, deliveries from the Renard diamond stream are estimated to be 8,126 GEOs; however, for the remainder of 2021, Osisko has committed to reinvest the net proceeds from the stream through the bridge loan facility provided to the operator. Cash Balance The Q4 results mark the first quarter where Osisko is consolidating financial results to include Osisko Development and its subsidiaries. As at December 31, 2020 and 2019, the cash positions in each entity were as follows: Osisko Gold Royalties (i) Osisko Development Total 20202019(ii) 20202019(iii) 20202019 $ $ $ $ $ $ Cash held in Canadian dollars29,7144,752 137,3748,006 167,08812,758 Cash held in U.S. dollars59,20873,502 47,167- 106,37573,502Cash held in U.S. dollars (Canadian equivalent)75,38395,465 60,053- 135,43695,465Total cash 105,097100,217 197,4278,006 302,524108,223 (i)Excluding Osisko Development and its subsidiaries.(ii)Excluding the cash held by Barkerville and the other subsidiaries that were transferred to Osisko Development in 2020 as part of the RTO.(iii)Corresponds to the cash that was held by Barkerville and the other subsidiaries that were transferred to Osisko Development in 2020 as part of the RTO. In addition, on February 24, 2021, the Company has access to the undrawn portion of its credit facility of $286.4 million, excluding the additional $100.0 million accordion. Recent Asset Advancements Canadian Malartic Underground Construction Decision Agnico Eagle and Yamana have approved construction of the Odyssey underground project at the Canadian Malartic mine. The preliminary economic assessment estimates 545,000 ounces of gold per annum from 2029 onwards (see Chart 1). The underground production plan of the Odyssey project outlined in the preliminary economic assessment comprises 6.88 million ounces of inferred resources (75.9 million tonnes of 2.82 g/t gold) and 0.41 million ounces of indicated resources (6.18 million tonnes of 2.07 g/t gold). The production plan is hosted in three main underground-mineralized zones; East Gouldie, East Malartic, and Odyssey, the latter of which is sub-divided into the Odyssey North, Odyssey South and Odyssey Internal zones. Osisko holds a 5% NSR royalty on East Gouldie, Odyssey South and the western half of East Malartic and a 3% NSR royalty on Odyssey North and the eastern half of East Malartic. Chart 1: Canadian Malartic Production Profile is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f885e563-b821-44be-8885-f379bb186e52 Source: Agnico Eagle and Yamana news releases, Feb 11, 2021. Osisko Development Corp. Update Osisko Development announced drill results that help outline the 1.5 kilometres (“km”) long Proserpine zone as another potential mining area in the Cariboo camp. Results include 17.78 g/t gold over 5.6 metres and 8.06 g/t gold over 1.7 metre. There are currently ten surface drills active on the property. Osisko Development is currently mining underground at the Bonanza Ledge Phase 2 project and is stockpiling mineralized material at the QR Mill. Processing is set to begin in the second quarter of this year. Osisko Development purchased a new communition circuit designed to process 7,500 tonnes per day for the larger Cariboo project. This critical equipment reduces engineering risk and will help fast track the construction of the processing facilities once all permits are received for the Cariboo project. At the San Antonio gold project, Osisko Development has completed the engineering and permitting to process the 1.3 million tonnes gold mineralized stockpile via heap leaching. Osisko Development has also entered into an agreement to purchase a semi-portable crushing plant for the San Antonio gold project with capacity of 15,000 tonnes per day. Osisko retains 77.0% of the common equity in Osisko Development and also holds a 5% NSR on the Cariboo and Bonanza Ledge Phase 2 properties as well as a 15% gold and silver stream on the San Antonio gold project with a transfer payment equal to 15% of the spot gold and silver price. Eagle Ramp-Up Victoria Gold Corp.’s (“Victoria”) Eagle mine, in the Yukon, produced 116,644 ounces of gold in 2020 and is expected to continue to ramp up production in 2021 towards a run rate of 210,000 oz per annum. Fourth quarter production reached 42,436 ounces of gold which is a 20% increase over the previous quarter. Ore stacking rates improved significantly in the fourth quarter prior to the planned 90-day curtailment of ore staking for the coldest months of the year. Mining operations, primary crushing and stockpiling of ore will continue. Osisko has a 5% NSR royalty on the Eagle mine. Windfall Resource Update Osisko Mining Inc. (“Osisko Mining”) released an updated resource estimate on February 17, 2021 for its Windfall project including indicated resources of 1.9 million ounces (6 million tonnes of 9.6 g/t gold) and inferred resources of 4.2 million ounces (16.4 million tonnes of 8 g/t gold). This represents a 54% increase in measured and indicated ounces. More than 30 drill rigs are focused on infill drilling on Lynx where over 60% of the total mineral resources are contained, with average grades of over 11 g/t gold in the measured and indicated categories and 9.9 g/t gold in the inferred category. The Company has a 2-3% NSR royalty on the Windfall deposit, and also owns 14.5% of the outstanding shares of Osisko Mining. Island Gold Resources Increase Alamos Gold Inc. (“Alamos”) released an updated resource and reserve estimate on their Island Gold mine highlighted by an 8% increase in reserves and a 40% increase in inferred resources. Proven and probable reserves include 1.3 million ounces (4.2 million tonnes of 9.71 g/t gold) and Inferred resources grew to 3.2 million ounces (6.9 million tonnes of 14.43 g/t gold). The new mineral inventory shows significant upside potential to the Phase III Expansion Study published in July 2020. Osisko has a 1.38% to 3% NSR royalty over the Island Gold mine. Ermitaño Fully Permitted First Majestic plans to release a Preliminary Economic Assessment and updated resource estimate for Ermitaño by the end of the first quarter of 2021. The Prefeasibility study is expected to be released in the second half of 2021 and will define initial reserves, production rates, costs and estimated life of mine for the Ermitaño project. First Majestic is preparing for initial limited production in the second half of 2021 followed by production ramp up in early 2022. The land use permit was received in January 2021 completing full permitting of the project. Osisko has a 2% NSR royalty on the Ermitaño project. Agnico Eagle Increases Exploration Budget on Kirkland Lake Property Agnico Eagle announced plans to drill 36,500 metres at the Upper Beaver project in 2021, including additional shallow drilling to test an open pit concept and further deep drilling to convert mineral resources to mineral reserves. As of December 31, 2020, Upper Beaver has approximately 1.4 million ounces of gold and 20,000 tonnes of copper in underground probable mineral reserves (8.0 million tonnes grading 5.43 g/t gold and 0.25% copper). Agnico Eagle’s Kirkland Lake property also hosts the Upper Canada, AK and Anoki-McBean deposits which together with Upper Beaver host an additional indicated resource of 1.71 million ounces (17.2 million tonnes of 3.09 g/t gold) and inferred resources of 4.07 million ounces (32.2 million tonnes of 3.93 g/t gold). An internal technical study at Upper Beaver, incorporating drill results from 2020 and 2021, is expected to be completed by the end of 2021. Osisko has a 2% NSR royalty on the Kirkland Lake property. Agnico Eagle Declares Reserves on Hammond Reef Agnico Eagle completed an internal technical study, which resulted in the declaration of open pit mineral reserves estimated at 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold). In addition, the project contains 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). Agnico Eagle will continue optimizing the project and potential mining scenarios to further improve project economics. Osisko has 2% NSR royalty on the Hammond Reef property. Eldorado Gold Declares Maiden Resource on Ormaque and Acquisition of QMX Gold Corporation In February 2021, Eldorado Gold Corporation (“Eldorado”) declared the maiden resource for the Ormaque deposit. The deposit contains inferred resources of 0.8 million ounces (2.62 million tonnes of 9.5g/t gold) with more than 60% occurring above 400m depth. The top of the deposit occurs at the level of the ore haulage decline that should reach the Ormaque deposit in Q3 of this year. Eldorado aims to provide additional ore sources to optimize the Sigma Mill, which has a permitted capacity of 5,000 tonnes per day, far exceeding current usage of 2,200 tonnes per day. Osisko has a 1% NSR royalty on the Lamaque property hosting the Ormaque deposit. In January 2021, Eldorado announced the friendly acquisition of QMX Gold Corporation (QMX). Osisko holds a 2.5% royalty over most of the QMX property, including the three main exploration targets. The most advanced of these targets is Bonnefond, which hosts indicated resources of 0.4 million ounces (7.4 million tonnes of 1.67 g/t gold) and inferred resources of 0.29 million ounces (3.3 million tonnes of 2.71 g/t gold). Recent drilling results (including 5.46 g/t gold over 33.5 metres) illustrate significant underground exploration potential. Casino Gold Zone Western Copper and Gold (“Western Copper”) released exploration results on the Casino project highlighting significantly higher grades in the deposit core from surface to greater than 200 metres depth. Drill results include 0.76 g/t gold over 175.49 metres; these results will be integrated in an updated preliminary economic assessment to be released in the second quarter of 2021. Osisko holds a 2.75% NSR royalty on the Casino project. Wharekirauponga (WKP) Oceana Gold Corp. (“Oceana”) released some spectacular drill intersections on their WKP project including 22.8 g/t gold and 39 g/t silver over 48.9 metres and 41.4 g/t gold and 81.6 g/t silver over 9 metres. Approximately 10,500 metres of drilling are planned in 2021. Oceana continues to advance the consenting process to access this zone for underground mining. Osisko has a 2% NSR on the WKP property. Bralorne Drilling Talisker Resources Ltd. (“Talisker”) continues to intersect high grade vein intersections on their Bralorne property, but also some thicker bulk mining intervals. The Charlotte zone includes 10.47 g/t gold over 10.30 metres at a depth of 102.7 metres and 1.55 g/t gold over 36.95 metres at a depth of 208.45 metres. Talisker initiated a 50,000 metre drill program at Bralorne in 2021. Osisko has a 1.2% NSR on the Bralorne property. Q4 2020 and Full Year 2020 Results Conference Call Osisko will host a conference call on Thursday, February 25, 2021 at 10:00 am EST to review and discuss its fourth quarter and full year 2020 results and 2021 guidance. Those interested in participating in the conference call should dial in at 1-(833) 979-2852 (North American toll free), or 1-(236) 714-2915 (international). An operator will direct participants to the call. The conference call replay will be available from 1:00 pm EST on February 25, 2021 until 11:59 pm EST on March 4, 2021 with the following dial in numbers: 1-(800) 585-8367 (North American toll free) or 1-(416) 621-4642, access code 9484419. The replay will also be available on our website at www.osiskogr.com. Qualified Person The scientific and technical content of this news release has been reviewed and approved by Guy Desharnais, Ph.D., P.Geo., Vice President, Project Evaluation at Osisko Gold Royalties Ltd, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). About Osisko Gold Royalties Ltd Osisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 140 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko’s head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2. For further information, please contact Osisko Gold Royalties Ltd: Heather TaylorVice President, Investor RelationsTel. (514) 940-0670 x105htaylor@osiskogr.com Notes: (1)Gold equivalent ounces (“GEOs”) are calculated on a quarterly basis and include royalties, streams and offtakes. Silver earned from royalty and stream agreements has been converted to gold equivalent ounces by multiplying the silver ounces by the average silver price for the period and dividing by the average gold price for the period. Diamonds, other metals and cash royalties were converted into gold equivalent ounces by dividing the associated revenue by the average gold price for the period. Offtake agreements were converted using the financial settlement equivalent divided by the average gold price for the period. Average Metal Prices and Exchange Rate Three months ended December 31, Years endedDecember 31, 2020 2019 2020 2019 Gold(i)$1,874 $1,481 $1,770 $1,393 Silver(ii)$24.39 $17.32 $20.54 $16.21 Exchange rate (US$/Can$)(iii) 1.3030 1.3200 1.3413 1.3269 (i)The London Bullion Market Association’s pm price in U.S. dollars.(ii)The London Bullion Market Association’s price in U.S. dollars.(iii)Bank of Canada daily rate. (2)Cash operating margin, which represents revenues less cost of sales, is a non-IFRS measure. The Company believes that this non-IFRS generally-accepted industry measure provides a realistic indication of operating performance and provides a useful comparison with its peers. The following table reconciles the cash margin to the revenues and cost of sales presented in the consolidated statements of income (loss) and related notes (In thousands of Canadian dollars): Three months ended December 31, Years endedDecember 31, 2020 2019 2020 2019 $ $ $ $ Revenues64,560 51,032 213,630 392,599 Less: Revenues from offtake interests(15,796)(12,112) (57,056)(252,477)Revenues from royalty and stream interests48,764 38,920 156,574 140,122 Cost of sales(18,236)(15,265) (63,700)(262,881)Less: Cost of sales of offtake interests15,086 11,720 54,200 249,172 Cost of sales of royalty and stream interests(3,150)(3,545) (9,500)(13,709) Revenues from royalty and stream interests48,764 38,920 156,574 140,122 Less: Cost of sales of royalty and stream interests(3,150)(3,545) (9,500)(13,709)Cash margin from royalty and stream interests45,614 35,375 147,074 126,413 94%91% 94%90% Revenues from offtake interests15,796 12,112 57,056 252,477 Less: Cost of sales of offtake interests(15,086)(11,720) (54,200)(249,172)Cash margin from offtake interests 710 392 2,856 3,305 5%3% 5%1% (3)The Company has included certain non-IFRS measures including “Adjusted Earnings” and “Adjusted Earnings per basic share” to supplement its consolidated financial statements, which are presented in accordance with IFRS. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. “Adjusted earnings” is defined as “Net earnings (loss)” adjusted for certain items: “Foreign exchange gain (loss)”, “Impairment of assets”, including impairment on financial assets and investments in associates, “Gains (losses) on disposal of exploration and evaluation assets”, “Unrealized gain (loss) on investments”, “Share of loss of associates”, “Deferred income tax expense (recovery)” and other unusual items such as transaction costs. Adjusted earnings per basic share is obtained from the “adjusted earnings” divided by the “Weighted average number of common shares outstanding” for the period. Three months ended December 31, Years ended December 31, 2020 2019 2020 2019 (in thousands of dollars, except per share amounts)$ $ $ $ Net earnings (loss) attributable to Osisko Gold Royalties’ shareholders4,632 (155,175) 16,876 (234,195) Adjustments: Impairment of royalty, stream and other interests- 148,600 26,300 248,300 Impairment of investments2,694 - 7,998 12,500 Foreign exchange loss (gain)514 756 (652)1,901 Unrealized (gain) loss on investments(5,186)27,357 (21,952)31,161 Share of loss of associates3,723 7,521 7,657 22,209 Deferred income tax expense (recovery)2,170 (19,930) 3,760 (41,197)Costs related to the acquisition of Barkerville- 1,216 - 1,216 Costs related to the RTO transaction3,453 - 3,729 - Adjusted earnings12,000 10,345 43,716 41,895 Weighted average number of common shares outstanding (000’s)166,093 149,912 162,303 151,266 Adjusted earnings per basic share0.07 0.07 0.27 0.28 Forward-looking Statements This news release contains forward-looking information and forward-looking statements (together, forward-looking statements) within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future events, developments or performance that Osisko expects to occur including management’s expectations regarding Osisko’s growth, results of operations, estimated future revenue, requirements for additional capital, production estimates, production costs and revenue, business prospects and opportunities are forward-looking statements. In addition, statements relating to gold equivalent ounces (GEOs), especially as they relate to production guidance for 2021, are forward-looking statements, as they involve implied assessment, based on certain estimates and assumptions, and no assurance can be given that the GEOs will be realized. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, is expected plans, anticipates, believes, intends, estimates, projects, potential, scheduled and similar expressions or variations (including negative variations of such words and phrases), or may be identified by statements to the effect that certain actions, events or conditions will, would, may, could or should occur including, without limitation, the performance of the assets of Osisko, the timely construction of and production from the Odyssey underground project, the timely development of the Cariboo project and Bonanza Ledge Phase 2 project and results from the exploration work, the timely development and construction of the San Antonio project, the continued ramp up of the Eagle Mine, the results from exploration work at the Windfall project, the timely release of a Preliminary Economic Assessment and of a Prefeasibility study by First Majestic and the positive outcome thereof, the results from exploration work at the Kirkland Lake property and positive results from optimization of the Hammond Reef project, and positive exploration results from other properties over which Osisko holds an interest, , that significant value will be created within the accelerator group of companies and Osisko’s ability to seize future opportunities. Although Osisko believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors and are not guarantees of future performance and actual results may accordingly differ materially from those in forward-looking statements. Factors that could cause the actual results deriving from Osisko’s royalties, streams and other interests to differ materially from those in forward-looking statements include, without limitation: the uncertainties related to the COVID-19 impacts, the influence of political or economic factors including fluctuations in the prices of the commodities and in value of the Canadian dollar relative to the U.S. dollar, continued availability of capital and financing and general economic, market or business conditions; regulations and regulatory changes in national and local government, including permitting and licensing regimes and taxation policies; whether or not Osisko is determined to have “passive foreign investment company” (“PFIC”) status as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended; potential changes in Canadian tax treatments of offshore streams or other interests, litigation, title, permit or license disputes; risks and hazards associated with the business of exploring, development and mining on the properties in which Osisko holds a royalty, stream or other interest including, but not limited to development, permitting, infrastructure, operating or technical difficulties, unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, flooding and other natural disasters or civil unrest, rate, grade and timing of production differences from mineral resource estimates or production forecasts or other uninsured risks; risk related to business opportunities that become available to, or are pursued by Osisko and exercise of third party rights affecting proposed investments. The forward-looking statements contained in this press release are based upon assumptions management believes to be reasonable, including, without limitation: the ongoing operation of the properties in which Osisko holds a royalty, stream or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; Osisko’s ongoing income and assets relating to the determination of its PFIC status, no material changes to existing tax treatments; no adverse development in respect of any significant property in which Osisko holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. However, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance. Osisko cannot assure investors that actual results will be consistent with these forward-looking statements and investors should not place undue reliance on forward-looking statements due to the inherent uncertainty therein. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this press release, see the section entitled Risk Factors in the most recent Annual Information Form of Osisko which is filed with the Canadian securities commissions and available electronically under Osisko's issuer profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov. The forward-looking information set forth herein reflects Osisko’s expectations as at the date of this press release and is subject to change after such date. Osisko disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law. Osisko Gold Royalties LtdConsolidated Balance Sheets(tabular amounts expressed in thousands of Canadian dollars) December 31, December 31, 2020 2019 $ $ Assets Current assets Cash 302,524 108,223 Short-term investments 3,501 20,704 Amounts receivable 12,894 6,330 Inventories 10,025 1,656 Other assets 6,244 3,516 335,188 140,429 Non-current assets Investments in associates 119,219 103,640 Other investments 157,514 67,886 Royalty, stream and other interests 1,116,128 1,130,512 Mining interests and plant and equipment 489,512 343,693 Exploration and evaluation 42,519 42,949 Goodwill 111,204 111,204 Other assets 25,820 6,940 2,397,104 1,947,253 Liabilities Current liabilities Accounts payable and accrued liabilities 46,889 18,772 Dividends payable 8,358 7,874 Current portion of long-term debt 49,867 - Provisions and other liabilities 4,431 1,289 109,545 27,935 Non-current liabilities Provisions and other liabilities 41,536 29,365 Long-term debt 350,562 349,042 Deferred income taxes 54,429 47,465 556,072 453,807 Equity Share capital 1,776,629 1,656,350 Warrants 18,072 18,072 Contributed surplus 41,570 37,642 Equity component of convertible debentures 17,601 17,601 Accumulated other comprehensive income 48,951 13,469 Deficit (174,458) (249,688)Equity attributable to Osisko Gold Royalties Ltd’s shareholders 1,728,365 1,493,446 Non-controlling interests 112,667 - Total equity 1,841,032 1,493,446 2,397,104 1,947,253 Osisko Gold Royalties Ltd Consolidated Statements of Income (Loss)For the three months and the years ended December 31, 2020 and 2019 (tabular amounts expressed in thousands of Canadian dollars, except per share amounts) Three months endedDecember 31, Years endedDecember 31, 2020 2019 2020 2019 $ $ $ $ Revenues64,560 51,032 213,630 392,599 Cost of sales(18,236) (15,265) (63,700) (262,881)Depletion of royalty, stream and other interests(13,548) (11,843) (45,605) (47,009)Gross profit32,776 23,924 104,325 82,709 Other operating expenses General and administrative(7,842) (8,648) (25,901) (23,682)Business development(5,608) (1,223) (10,290) (6,122)Gain on disposal of an offtake interest- - - 7,636 Exploration and evaluation(23) (52) (131) (191)Impairment of assets- (143,876) (26,300) (243,576)Operating income (loss)19,303 (129,875) 41,703 (183,226)Interest and dividend income1,059 1,449 4,582 4,632 Finance costs(6,193) (6,166) (26,131) (23,548)Foreign exchange (loss) gain(276) (755) 1,023 (1,859)Share of loss of associates(3,723) (7,521) (7,657) (22,209)Other gains (losses), net2,160 (32,081) 13,622 (48,385)Earnings (loss) before income taxes12,330 (174,949) 27,142 (274,595)Income tax (expense) recovery(8,345) 19,774 (10,913) 40,400 Net earnings (loss)3,985 (155,175) 16,229 (234,195) Net earnings (loss) attributable to: Osisko Gold Royalties Ltd’s shareholders4,632 (155,175) 16,876 (234,195)Non-controlling interests(647) - (647) - Net earnings (loss) per share attributable to Osisko Gold Royalties Ltd’s shareholders Basic and diluted0.03 (1.04) 0.10 (1.55) Osisko Gold Royalties Ltd Consolidated Statements of Cash FlowsFor the three months and the years ended December 31, 2020 and 2019(tabular amounts expressed in thousands of Canadian dollars) Three months ended Years ended December 31, December 31, 2020 2019 2020 2019 $ $ $ $ Operating activities Net earnings (loss)3,985 (155,175) 16,229 (234,195)Adjustments for: Share-based compensation2,429 2,047 9,361 8,320 Depletion and amortization13,838 12,157 46,904 48,270 Net gain on disposal of an offtake- - - (7,636)Impairment of assets- 148,600 26,300 248,300 Finance costs1,771 1,870 8,409 7,161 Share of loss of associates3,723 7,521 7,657 22,209 Net gain on acquisition of investments- (378) (3,827) (1,006)Change in fair value of financial assets at fair value through profit and loss(1,055) (310) (2,387) 1,089 Net loss (gain) on dilution of investments in associates- 3,790 (10,381) 3,687 Net (gain) loss on disposal of investments(4,131) 24,255 (5,357) 27,391 Impairment of investments2,694 - 7,998 12,500 Foreign exchange loss (gain)514 756 (652) 1,901 Deferred income tax expense (recovery)2,170 (19,930) 3,760 (41,197)Deemed listing fees of Osisko Development1,751 - 1,751 - Other368 40 479 (416)Net cash flows provided by operating activities before changes in non-cash working capital items28,057 25,243 106,244 96,378 Changes in non-cash working capital items4,576 (8,039) 1,734 (4,780)Net cash flows provided by operating activities32,633 17,204 107,978 91,598 Investing activities Short-term investments2,000 (13,753) 412 (39,597)Cash acquired through the acquisition of Barkerville- 8,312 - 8,312 Transaction fees paid on acquisition of Barkerville- (1,513) - (1,513)Acquisition of the San Antonio gold project(3,500) - (52,208) - Acquisition of investments(6,850) (14,919) (49,194) (62,815)Proceeds on disposal of investments264 220 10,864 130,128 Acquisition of royalty and stream interests(29,183) (6,344) (66,062) (77,814)Proceeds on disposal of royalty and offtake interests- 13,834 - 57,016 Mining assets and plant and equipment(29,341) (5,718) (71,828) (6,321)Exploration and evaluation (expenses) tax credits, net(1) 85 (202) 166 Reclamation deposits- - 4,762 - Other- - 357 - Net cash flows (used in) provided by investing activities(66,611) (19,796) (223,099) 7,562 Financing activities Private placement of common shares- - 85,000 - Investments from minority shareholders214,323 214,323 - Share issue expenses from investments from minority shareholders(5,965) - (5,965) - Exercise of share options and shares issued under the share purchase plan453 69 7,835 21,783 Increase in long-term debt- - 71,660 19,772 Repayment of long-term debt(19,205) - (19,205) (30,000)Common shares acquired and cancelled through a share repurchase- - - (129,486)Normal course issuer bid purchase of common shares- (1,632) (3,933) (13,533)Dividends paid(7,851) (6,917) (28,914) (27,455)Other(1,100) (2,587) (3,940) (2,991)Net cash flows provided by (used in) financing activities180,655 (11,067) 316,861 (161,910) Increase (decrease) in cash before effects of exchange rate changes on cash146,677 (13,659) 201,740 (62,750)Effects of exchange rate changes on cash(4,858) (1,820) (7,439) (3,292)Increase (decrease) in cash 141,819 (15,479) 194,301 (66,042)Cash – beginning of period160,705 123,702 108,223 174,265 Cash – end of period302,524 108,223 302,524 108,223

2021-02-24 - Alamos Gold Press Releases

Alamos Gold Reports Fourth Quarter and Year-End 2020 Results

2021-02-24 - Alamos Gold Press Releases

Alamos Gold Increases Dividend by 25% to Annual Rate of $0.10 Per Share

2021-02-24 - Yahoo! Finance: TLO.TO News

IIROC Trading Halt - TLO

24, 2021 /CNW/ - The following issues have been halted by IIROC: Company: Talon Metals Corp.TSX Symbol: TLOAll Issues: YesReason: Pending NewsHalt Time (ET): 4‎:‎43‎ ‎PMIIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company.

2021-02-24 - Yahoo! Finance: TLO.TO News

Talon Metals Announces $30 Million Bought Deal Public Offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ROAD TOWN, British Virgin Islands, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Talon Metals Corp. (TSX: TLO) (“Talon” or the “Corporation”) is pleased to announce that the Corporation has entered into an agreement with a syndicate of underwriters led by TD Securities Inc. (the “Sole Bookrunner” and collectively the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 50,000,000 units of the Corporation (the “Units”) at a price of $0.60 per Unit (the “Issue Price”) for aggregate gross proceeds of $30,000,000 (the “Offering”). Each Unit will consist of one common share of Talon (a “Common Share”) and one-half of a share purchase warrant (a “Warrant”) of the Corporation. Each whole Warrant will entitle the holder to acquire one Common Share at a price of $0.80 for a period of 12 months following closing of the Offering. The Corporation has granted the Underwriters the option (the “Over-Allotment Option”) to purchase up to an additional 7,500,000 Units at the Issue Price, exercisable in whole or in part at any time up to 30 days after the closing of the Offering. The Corporation intends to use the net proceeds from the Offering for advancing work related to its planned exploration and development program at the Tamarack North Project in Minnesota, and for general working capital purposes. The Offering is expected to close on or about March 18, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange (the “TSX”). The securities to be issued under the Offering will be offered by way of a short form prospectus in each of the Provinces of Canada other than Quebec and may be offered for sale in the United States to Qualified Institutional Buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended (the 1933 Act) by way of private placement pursuant to an exemption from the registration requirements of the 1933 Act. The securities have not been and will not be registered under the 1933 Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Talon Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project. Talon has an earn-in to acquire up to 60% of the Tamarack Project. The Tamarack Project comprises a large land position (18km of strike length) with numerous high-grade intercepts outside the current resource area. Talon is focused on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade nickel mineralization; and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry. Talon has a well-qualified exploration and mine management team with extensive experience in project management. For additional information on Talon, please visit the Company’s website at www.talonmetals.com or contact: Sean WergerPresidentTalon Metals Corp.Tel: (416) 361-9636 x102Email: werger@talonmetals.com Forward-Looking Statements This news release contains certain “forward-looking statements”. All statements, other than statements of historical fact that address activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Corporation based on information currently available to the Corporation. Such forward-looking statements include statements relating to the anticipated closing date of the Offering, the anticipated use of the net proceeds from the Offering and the receipt of all necessary approvals, including the approval of the TSX. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Corporation. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Corporation believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

2021-02-24 - Yahoo! Finance: NTR.TO News

IBD 50 Stocks To Watch: Scotts Quietly Cultivates Its Marijuana Stock Status

IBD 50 stock to watch Scotts Miracle-Gro benefited from the pandemic home improvement boom, but is also becoming a cannabis industry supplier.

2021-02-24 - Yahoo! Finance: AGG.V News

African Gold Group Closes Oversubscribed $4.6 Million Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce that it has closed its previously announced C$4 million non-brokered private placement financing of common shares (the “Offering”) on an oversubscribed basis for gross proceeds of C$4,599,921.75. Pursuant to the Offering, the Company issued 30,666,145 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.15 per Unit. Each Unit consists of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share of the Company at an exercise price of C$0.25 until June 24, 2023. Certain directors and officers of the Company purchased or acquired direction and control over a total of 1,166,667 Units under the Offering. The placement to those persons constitutes a “related party transaction” within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 -Protection of Minority Security Holders in Special Transactions (“MI 61-101”) adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101). Further details will be included in a material change report to be filed by the Company. Net proceeds from the Offering will be used to continue exploration activities at the Company’s flagship Kobada Gold Project with a view on targeting an increase in resources and reserves in the near term. Danny Callow, Chief Executive Officer of AGG states, “the success of the drilling campaign to date where deeper oxides, additional mineralised zones outside of the current ore resource envelope, encouraging grades and confirmation of economic gold mineralisation within a new shear zone structure at our Gosso target has given us a significant amount of confidence in the exploration upside potential of Kobada. The additional funds will be targeted towards updating our resources and reserves and focus on adding significant value to the project.” In connection with the closing of the Offering, the Company has paid aggregate finder’s fees of $121,507.50 in cash and 810,165 finder’s warrants (“Finder’s Warrants”) to certain finders. Each Finder Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.15 for a period of 24 months from the date of the closing of the Offering. All securities issued under the Offering are subject to a statutory hold period ending on June 25, 2021. The securities offered under the Offering have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. ASX Dual Listing The Company will commence investigating the merits of a dual listing on the Australian Stock Exchange (ASX). The Company believes that dual listing on ASX could provide a larger pool of investors to support the Kobada Gold Project. Danny Callow, Chief Executive Officer of the Company commented, “We have seen continued good support from Australian institutional investors and feel that a dual listing could further raise the profile of AGG within Australia and provide access to Australian investors many of whom can only invest on the ASX.” Investors Relations Agreement Further to the Company’s press release dated April 2, 2020, the Company announces that the investors relations agreement dated as of March 27, 2020 between the Company and Hybrid Financial Ltd. has been terminated. About African Gold Group African Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa’s next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. AGG’s principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2020 definitive feasibility study and is targeting gold production of 100,000 oz per annum. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offeringpotential for an increase in resource. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.For more information: Danny Callow President and Chief Executive Officer+(27) 76 411 3803 Danny.Callow@africangoldgroup.com Scott EldridgeNon-Executive Chairman of the Board(604) 722-5381Scott.Eldridge@africangoldgroup.com Daniyal Baizak VP Corporate Development(416) 861-2267Daniyal.Baizak@africangoldgroup.com Camarco (Financial PR)Gordon Poole Nick Hennis +44 (0) 20 3757 4997 AfricanGoldGroup@camarco.co.uk Cautionary statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding, listing of the securities of the Company on the ASX, the intended use of proceeds of the Offering and other matters relating to the Offering. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although AGG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

2021-02-24 - Golden Star Press Releases

Golden Star Resources Reports Results for the Three and Twelve Months Ended December 31, 2020 Delivering on Increased 2020 Production Guidance at Wassa

2021-02-24 - Yahoo! Finance: GOLD.TO News

GoldMining's Subsidiary Gold Royalty Increases Size of Proposed IPO

24, 2021 /CNW/ - GoldMining Inc. (TSX: GOLD) (NYSE AMERICAN: GLDG) (GoldMining) announced that its subsidiary, Gold Royalty Corp.

2021-02-24 - Yahoo! Finance: BRZ.V News

IT Tech Packaging, Inc. Announces Proposed Public Offering of Common Stock and Warrants

IT Tech Packaging, Inc. (NYSE MKT: ITP) (IT Tech Packaging or the Company), a leading manufacturer and distributor of diversified paper products in North China, today announced it has commenced an underwritten public offering of shares of its common stock and warrants to purchase shares of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

2021-02-24 - Yahoo! Finance: BHR.V News

Blackheath Resources Inc. and Wolverine Energy and Infrastructure Inc. Announce Proposed Board of Directors and Management Team of Green Impact Partners Inc.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/EDMONTON, AB, Feb. 24, 2021 /CNW/ - Blackheath Resources Inc.

2021-02-24 - Yahoo! Finance: EMN.V News

Euro Manganese Announces Results of Annual General and Special Meeting

VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V/ASX: EMN) (the Company or EMN) is pleased to announce that shareholders have voted in favor of all matters of business brought before them at the Company's Annual General & Special Meeting of shareholders (the Meeting) held on February 24, 2021. Detailed results of the voting from the Meeting are set out below. In respect of election of the Company's directors, all five management nominees standing for re-election were elected as set out below based on a vote conducted by ballot: NomineeTotal Votes CastVotes For% ForVotes Withheld (Abstained)% Withheld (Abstained)John Webster88,509,09487,410,67898.761,098,4161.24Marco A. Romero88,509,09470,757,67679.9417,751,41820.06David B. Dreisinger88,509,09488,025,63699.45483,4580.55Gregory P. Martyr88,509,09488,076,31099.51432,7840.49Thomas M. Stepien88,509,09487,949,09199.37560,0030.63 Other matters of business at the Meeting, all of which were also carried out and decided by ballot, were approved as set out below: Total VotesVotes For% ForVotes Against% AgainstVotes Withheld/AbstainedResolution 1 – Setting the number of directors of the Company at five88,509,09488,196,26499.6544,0000.05268,830Resolution 3 – Approval of an increase in directors’ fees to non-executive directors(1)88,509,09485,633,34296.752,400,2622.71475,490Resolution 4 – Appointment of Pricewaterhouse-Coopers LLP as Auditors of the Company88,848,67788,192,26899.26NilNil656,409Resolution 5 – Re-approval of the Company's Stock Option Plan (2)88,509,09486,969,42198.26894,0851.01645,588 (1)In accordance with the rules of the Australian Securities Exchange (the ASX), shareholders of the Company also approved the increase in directors’ fees to non-executive directors by a majority of the votes cast, with the 13,458,173 votes cast by directors of the Company excluded from the vote. Based on this exclusion, the total number of votes cast was 75,050,921, of which 72,175,169 votes were cast for the resolution, representing 96.17% of the total votes cast, and 2,400,262 votes were cast against the resolution, representing 3.20% of the total votes cast.(2)In accordance with the rules of the ASX, shareholders of the Company also approved the Company's stock option plan by a majority of the votes cast, with the 13,458,173 votes cast by directors of the Company excluded from the vote. Based on this exclusion, the total number of votes cast was 75,050,921, of which 73,511,248 votes were cast for the resolution, representing 97.95% of the total votes cast, and 894,085 votes were cast against the resolution, representing 1.19% of the total votes cast. In accordance with ASX Listing Rule 3.13.2(e), the following information is being provided for the aggregate number of securities for which valid proxies were received before the Meeting: NomineeTotal Proxies ReceivedProxy directed to vote ForProxy directed to vote AgainstProxy directed to AbstainedProxy could vote at their discretionResolution 1 – Setting the number of directors of the Company at five88,509,09488,196,26444,000268,830Nil Resolution 2 –Election of directors: John Webster88,509,09487,410,678N/A1,098,416NilMarco A. Romero88,509,09470,757,676N/A17,751,418NilDavid B. Dreisinger88,509,09488,025,636N/A483,458NilGregory P. Martyr88,509,09488,076,310N/A432,784NilThomas M. Stepien88,509,09487,949,091N/A560,003NilResolution 3 – Approval of an increase in directors’ fees to non-executive directors(1)75,050,92172,175,1692,400,262475,490NilResolution 4 – Appointment of Pricewaterhouse-Coopers LLP as Auditors of the Company88,509,09488,192,268Nil656,409NilResolution 5 – Re-approval of the Company's Stock Option Plan (1)75,050,92173,511,248894,085645,588Nil (1)Excludes 13,458,173 votes cast by proxy by directors of the Company. A total of 88,509,094 common shares were voted in connection with the election of the directors and for resolutions 1, 3 and 5 above, representing approximately 27.74% of the issued and outstanding common shares of the Company eligible to vote at the Meeting. A total of 88,848,677 common shares were voted in connection with resolution 4 above, representing approximately 27.85% of the issued and outstanding common shares of the Company eligible to vote at the Meeting. The results of all matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR at www.sedar.com. About Euro Manganese Inc. Euro Manganese Inc. is a Canadian waste recycling company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project, which will be operated by wholly-owned subsidiary, Mangan Chvaletice s.r.o., entails re-processing a significant manganese deposit hosted in mine tailings from a decommissioned mine, strategically located in the Czech Republic. EMN’s goal is to become a leading, competitive and environmentally superior primary producer of ultra-high-purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as other high-technology applications. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release. Authorized for release by the CEO of Euro Manganese Inc. Contact: Euro Manganese Inc. Marco A. RomeroPresident & CEO+604-681-1010 ext. 101Fausto TaddeiVice President, Corporate Development& Corporate Secretary+604-681-1010 ext. 105 E-mail: info@mn25.caWebsite: www.mn25.ca Company Address: 1500 – 1040 West Georgia Street, Vancouver, British Columbia, Canada, V6E 4H8

2021-02-24 - Yahoo! Finance: FR.TO News

Penny Stocks to Watch for March 2021

Even with all the upheavals of the past few years, there is significant money to be made on a tiny minority of penny stocks.

2021-02-24 - Yahoo! Finance: PPX.V News

PPX Mines 10,065 Tonnes Grading 9.43 gpt Au at Mina Callanquitas During Q4 2020; 29,696 Tonnes Grading 9.64 gpt Au for Full Year

VANCOUVER, BC / ACCESSWIRE / February 24, 2021 / PPX Mining Corp. (the Company or PPX) is pleased to announce that over 10,065 tonnes of ore grading 9.

2021-02-24 - Yahoo! Finance: IVS.V News

Inventus Provides Sudbury 2.0 Drilling Update

TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to provide details on the ongoing 3,000-metre drill program at its 100%-owned Sudbury 2.0 project near Sudbury, Ontario. A total of 1,385 metres of drilling have been completed to date at the Lake Zone. The drill was recently moved to Cobalt Hill and has resumed drilling. Drilling at Cobalt Hill will test the polymetallic mineral potential in an area only historically assayed for gold with select historic intersections of 5.3 metres of 11.2 g/t gold in hole A88-55, and 41 metres of 2.6 g/t gold in hole A88-62. A map of complete and planned holes from the Lake Zone and Cobalt Hill is provided in Figure 1. Unexpectedly slow turnaround from the assay lab has delayed results for holes WL-21-02, WL-21-03 and WL-21-04. There are currently 429 samples outstanding at the lab. Assays from the second hole are expected shortly, and assays from holes 3 and 4 are expected in the next 2 to 5 weeks. Drill hole WL-21-02 was designed to test the mineralization at a depth of approximately 200 metres below surface. The hole intersected 113 metres of hydrothermal breccia with variable pyrite and chalcopyrite mineralization from approximately 367 to 480 metres down hole. Drill hole WL-21-03 intersected 156 metres of alteration and hydrothermal breccia with variable pyrite and chalcopyrite mineralization from 12 to 168 metres down hole, approximately 400 metres north of WL-21-02. Drill hole WL-21-04 intersected the alteration and hydrothermal breccia 100 metres south of the intercept in WL-21-03 and 250 metres below surface. An occurrence of visible gold was identified at 398 metres down hole within a 49-metre interval of alteration and mineralized hydrothermal breccia from 373 to 422 metres down hole. Inventus’ first hole from the Lake Zone, which intersected 18.5 metres of 6.6 g/t gold and 0.76% copper (see press release Jan. 19th, 2021) and the breccia intersections in holes 2, 3 and 4 have confirmed a continuous mineralized breccia body that was known from historic drilling but poorly tested. The mineralized breccia has a NE-SW strike and is dipping steeply east. Figure 1. http://www.inventusmining.com/s/Feb-24-Fig.pdf For further information, please contact: Mr. Stefan SpearsChairman and CEOInventus Mining Corp.Tel: (647) 258-0395 x280E-mail: info@inventusmining.com About Inventus Mining Corp. Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 130,500,000 common shares outstanding. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release. Qualified Person The Qualified Person responsible for the geological technical content of this news release is Wesley Whymark, P.Geo., who has reviewed and approved the technical disclosure in this news release on behalf of the Company. Forward-Looking Statements This News Release includes certain forward-looking statements which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “if”, “yet”, “potential”, “undetermined”, “objective”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the failure of our exploration to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political and legal risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

2021-02-24 - MINING.COM

Minnesota court hands victory to PolyMet copper-nickel project

NorthMet project would be Minnesota’s first copper-nickel mine.

2021-02-24 - The Northern Miner

Capstone reports 2020 operations beat with strong Q4

Copper-focused miner Capstone Mining (TSX: CS) has announced a production and costs beat for 2020, driven by strong fourth-quarter output at both the Pinto Valley...

The post Capstone reports 2020 operations beat with strong Q4 appeared first on The Northern Miner.

2021-02-24 - MINING.COM

Capstone reports 2020 operations beat with strong Q4

Capstone’s production for the year comes in at 156.9 million lb copper, surpassing its 2020 guidance.

2021-02-24 - The Northern Miner

GoGold drills 70.5 metres of 115 g/t silver-equivalent at Los Ricos North in Mexico

Near-surface drilling at GoGold Resources’ (TSX: GGD) Los Ricos North project in Jalisco state, Mexico, has hit high silver grades and returned wide intervals of...

The post GoGold drills 70.5 metres of 115 g/t silver-equivalent at Los Ricos North in Mexico appeared first on The Northern Miner.

2021-02-24 - MINING.COM

Banyan drills long mineralized intercepts at Airstrip

Two of the holes hit a continuation of the Airstrip mineralized trend.

2021-02-24 - MINING.COM

First minerals exported from DRC with blockchain

Minexx has exported minerals with full financial transparency – a milestone for the sector.

2021-02-24 - Yahoo! Finance: POM.TO News

Minnesota Supreme Court Rules in Favor of PolyMet Air Permit

St. Paul, Minnesota--(Newsfile Corp. - February 24, 2021) - The Minnesota Supreme Court today unanimously ruled in favor of the Clean Air Act permit issued to PolyMet by the Minnesota Pollution Control Agency, overturning an order by the state Court of Appeals that had remanded the permit back to the agency, according to Poly Met Mining, Inc., a wholly owned subsidiary of PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) (together PolyMet or the ...

2021-02-24 - Yahoo! Finance: CCB.V News

Canada Carbon Inc.: CPTAQ Meeting Date Set

MISSISSAUGA, Ontario, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the Company or “Canada Carbon”) (TSX-V:CCB), (FF:U7N1) has been informed that the Commission de protection du territoire agricole du Québec (“CPTAQ”) has set the dates of the public meeting to review the positive preliminary orientation on Canada Carbon’s Miller Project file as March 31, 2021 and April 1, 2021. The first day of the meetings will be dedicated to presentations by legal representatives of the interested parties. The second day will be dedicated to public comments and presentations. For further information: Olga NikitovicInterim CEOCanada Carbon Inc.info@canadacarbon.com Valerie PomerleauDirector Public Affairs and CommunicationsCanada Carbon Inc.vpomerleau@canadacarbon.com(819) 856-5678 “Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.” FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

2021-02-24 - MINING.COM

Nexa Resources aims to expand copper assets

Company also expects to begin commercial production at its Aripuanã zinc project in Brazil by 2022.

2021-02-24 - MINING.COM

Steppe Gold doubles ATO mine resource

The updated resource estimate will form the basis of the upcoming bankable feasibility study due out in Q2 2021.

2021-02-24 - Yahoo! Finance: TOE.V News

Energy Saving Regulations Enforced by Governments Encourage Deployment of Oil-free Compressors

Oil-free compressors now indispensable in many industries as technological advances and need for environmental protections boost market momentum, say Frost & Sullivan SANTA CLARA, Calif. 24, 2021 /CNW/ -- Frost & Sullivan's recent analysis, In-house Servicing Capabilities and Sustainability Initiatives Driving the Oil-free Compressors Market, finds that the oil-free compressors market is gradually gaining momentum.

2021-02-24 - MINING.COM

Copper price extends rally; producers wary of costs

Mining firms in Chile, the world’s No.1 copper producer, warned that costs could rise as labor unions and vendors also try to cash in on the trend.

2021-02-24 - Yahoo! Finance: APY.TO News

Anglo Pacific Group PLC Announces Results of Placing

THIS ANNOUNCEMENT AND THE INFORMATION HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, TRANSMISSION, RELEASE, DISTRIBUTION OR FORWARDING WOULD BE UNLAWFUL.THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

2021-02-24 - Yahoo! Finance: BIP-UN.TO News

'A shiny toy': The Alberta petrochemical complex at the heart of Brookfield's Inter Pipeline bid

Inter Pipeline Ltd's ambitious petrochemical plant was meant to unlock new markets, instead it has left the Canadian company battling cost overruns and vulnerable to a hostile C$7.08 billion ($5.64 billion) takeover from Brookfield Infrastructure Partners . Some investors have ruled out a rival bid to Monday's offer for the oil and gas transportation company, and expect Brookfield to snap up Inter just before its newest asset, the Heartland Petrochemical Complex, comes into service. The C$4 billion Heartland plant near Edmonton, Alberta, is Inter's first petrochemical project and its largest ever capital investment.

2021-02-24 - Yahoo! Finance: FNC.V News

Fancamp and ScoZinc to Host Joint Investor Presentation Webinar on March 4, 2021

Montreal, Quebec and Halifax, Nova Scotia--(Newsfile Corp. - February 24, 2021) - Fancamp Exploration Ltd. (TSXV: FNC) (Fancamp) and ScoZinc Mining Ltd. (TSXV: SZM) (ScoZinc) are pleased to announce that they will be hosting a joint Investor Presentation Webinar on March 4, 2021 at 11:30 AM (EST) to provide more details about the arrangement agreement announced by the two companies on February 18, 2021.Rajesh Sharma, Interim CEO of Fancamp, said, Fancamp looks forward ...

2021-02-24 - Yahoo! Finance: SZM.V News

Fancamp and ScoZinc to Host Joint Investor Presentation Webinar on March 4, 2021

Montreal, Quebec and Halifax, Nova Scotia--(Newsfile Corp. - February 24, 2021) - Fancamp Exploration Ltd. (TSXV: FNC) (Fancamp) and ScoZinc Mining Ltd. (TSXV: SZM) (ScoZinc) are pleased to announce that they will be hosting a joint Investor Presentation Webinar on March 4, 2021 at 11:30 AM (EST) to provide more details about the arrangement agreement announced by the two companies on February 18, 2021.Rajesh Sharma, Interim CEO of Fancamp, said, Fancamp looks forward ...

2021-02-24 - Yahoo! Finance: BTO.TO News

B2Gold Corp. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 24, 2021 / B2Gold Corp. (TSX:BTO) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 24, 2021 at 1:00 PM Eastern Time.

2021-02-24 - Yahoo! Finance: WHM.V News

White Metal Provides Update on Drilling at the Tower Stock Gold Project, Ontario

Thunder Bay, Ontario--(Newsfile Corp. - February 24, 2021) - White Metal Resources Corp. (TSXV: WHM) (White Metal or the Company) is pleased to report that three diamond drill holes have now been completed on the Tower Stock Gold Property. To date, the Company has completed a total of 600 m of core drilling of the planned 4,000 m drilling program. The Tower Stock Project, which has not seen any exploration activity for more ...

2021-02-24 - Yahoo! Finance: OMI.TO News

Orosur Mining Inc Announces Director Dealing

LONDON, UK / ACCESSWIRE / February 24, 2021 / Orosur Mining Inc (TSX/AIM:OMI) announces that earlier today, Louis Castro, Executive Chairman of the Company, acquired 10,000 common shares of no par value each in the Company (Common Shares).Following this purchase, Louis Castro is interested in 70,000 Common Shares representing 0.

2021-02-24 - Yahoo! Finance: GWM.V News

Galway Metals Announces Upsizing of Previously Announced Bought Deal Private Placement Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, ON / ACCESSWIRE / February 24, 2021 / Galway Metals Inc. (TSXV:GWM) (Galway Metals or the Company), is pleased to report that in connection with its previously announced bought deal private placement offering, the Company and a syndicate of underwriters led by Paradigm Capital Inc.

2021-02-24 - Yahoo! Finance: PUMA.V News

Puma Exploration Begins Its First Drilling Program at the Chester Copper Deposit New Brunswick, Canada

RIMOUSKI, Quebec, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (PUMA-TSXV) is pleased to announce the beginning of a 1,600 meters drilling program at its Chester Copper Deposit (9 holes). The drilling will test high priority copper targets on strike with the known deposit as well as near surface massive sulphide mineralized unit for systematic precious metals assaying program. The drilling program will also fulfill Puma’s 2021 commitments for the Chester Option and allow its transfer to Murray Brook Minerals Inc. (MBM) in order to further advance the transition of MBM into an independent company as strategically planned by Puma (see press release 08/19/2020). Marcel Robillard, President and CEO of Puma Exploration commented: “With this drilling program on Chester, Puma continues to support MBM until it can finance its own exploration and development activities sometime in the near future. However, although we are excited to launch this drilling campaign on our base metal assets while the copper price is near record highs, Puma’s flagship Triple Fault Gold Project remains our first priority, with several other Au and Ag assay results expected shortly.” “As we are still waiting for additional gold assays for the Williams Brook property and the completion of the district-scale airborne geophysical survey, the timing was perfect to initiate our first drilling program at the Chester Copper Deposit,” added Marcel Robillard, President and CEO of Puma Exploration. DRILLING TARGETSThe drilling program will primary test the top new targets defined on the property following our recent exploration programs which included 4,500 meters of trenching in 2019, geological mapping and alteration study, and 3D EM-MAG inversion analyses. Also, other high priorities targets are CARDS anomalies defined from an AI targeting survey executed by Windfall Geotek Inc. (WIN-TSXV). Subsequently, shallow holes will be drilled on the East and Central massive sulfides zones where gold associated with copper were detected in gossans during the field exploration program of 2019. Theses massives sulphides zones were less explored and represent great prospective areas of the property and could represent proximal edges of new VMS prolific systems. CHESTER COPPER DEPOSITThe Chester Copper Deposit is known to contain three (3) zones; the Central Zone (Massive Sulphide), the East Zone (Massive Sulphide), and the West Zone (Copper Stringer) all located near the surface. Only the West Zone was included in the NI 43-101 resources calculation dated in 2008 and updated in 2014. The Chester Copper Deposit has measured & indicated resources of 1,400,000 tonnes grading 1.38% Cu and inferred resources of 2,089,000 tonnes grading 1.26% Cu (assayed for Cu only) as reported in the NI 43-101 Technical Report entitled “Technical Report - Chester Copper Property New Brunswick Canada” (effective March 07, 2014) prepared by Robert C. Sim, P. Geo., for Explor Resources and filed on www.sedar.com. Prior to Explor Resources, other operators at Chester Deposit reported historical resources totalling 16.8 Mt grading 0.76 % Cu divided in three zones* : East Zone*: 0.5 Mt of massive/disseminated sulphide grading 0.78% Cu, 0.36% Pb and 1.14% ZnCentral Zone*: 1.1 Mt of massive sulphide grading 0.47% Cu, 0.90% Pb and 2.22% ZnWest Zone*: 15.2 Mt of copper stringers grading 0.78% Cu *Puma Exploration is not treating the “historical resources estimate” as a “current resources estimate” or “mineral reserves”, as it has not taken steps to identify what work needs to be done to verify, upgrade or re-classify the “historical resources estimate” using a qualified person from Puma or independent third party. Table 1. Significant previous drill results on the Chester property West Zone (Surface to 50m)Central Zone (Surface to 50m)4.8% Cu over 20.3 meters10.8% Zn + 4.5% Pb over 5.6 meters3.4% Cu over 25.0 meters7.4% Zn + 2.3% Pb over 6.1 meters6.0% Cu over 13.1 meters8.0% Zn + 3.9% Pb over 7.0 meters8.0% Cu over 5.2 meters8.5% Zn + 4.0% Pb over 7.9 meters4.9% Cu over 14.2 meters7.0% Zn + 2.6% Pb over 15.6 meters In order to keep the Chester property option agreement in good standing, the Company has to invest $350,000 in exploration work before April 17th, 2021 and make a cash payment of $100,000 to Explor Resources. The cash payment was made in December 2020 and the current drilling program will fulfill the work commitment. QUALIFIED PERSONSDominique Gagné, PGeo, independent qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Mr. Gagné is independent of the Company. QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)Rock samples were bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New Brunswick where each sample is dried, crushed, and pulped. The samples were crushed to 70% less than 2mm, riffle split off 1kg, pulverise split to better than 85% passing 75 microns (Prep-31B). A 30-gram subsplit from the resulting pulp was then subjected to a fire assay (Au-ICP21). Rock sample ICP results with gold >1g/t were subjected to a metallic screening (Au-SCR24) 1kg pulp screened to 100 microns. Other screen sizes available. Duplicate 50g assay on screen undersize. Assay of entire oversize fraction. ABOUT PUMA EXPLORATIONPuma Exploration is a Canadian-based mineral exploration company with precious and base metals projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. Great efforts will be made by the Company in the coming years to deploy its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum value for shareholders with low shares dilution. You can visit us on Facebook / Twitter / LinkedInLearn more by consulting www.pumaexploration.com for further information on Puma. Marcel Robillard, President, (418) 724-0901; president@explorationpuma.com Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.

2021-02-24 - Yahoo! Finance: ITH.TO News

Government of Canada invests $1.6 million to help women and girls succeed

24, 2021 /CNW/ - To continue to advance gender equality and women's empowerment, the Government of Canada is investing in projects that focus on important issues like encouraging leadership and democratic participation among women and girls. Investments like these will help give them the tools they need to succeed.

2021-02-24 - The Northern Miner

Nexa Resources aims to expand copper assets

Nexa Resources (TSX: NEXA; NYSE: NEXA) is looking to expand its copper assets, CEO Tito Martins told MINING.COM. “Copper is the mineral of the moment, of...

The post Nexa Resources aims to expand copper assets appeared first on The Northern Miner.

2021-02-24 - CuMoCo

American CuMo Mining Announces Terms of Silver Purchase Financing

Vancouver, B.C., February 24, 2021: American CuMo Mining Corporation (TSXV: MLY; OTC Pink: MLYCF) is pleased to announce that it has finalized the terms of its proposed US$12,500,000 financing (the “ICMC Silver Financing”) involving the sale of up to 12,500 units (“ICMC Silver Units”) by its majority owned subsidiary, International CuMo Mining Corporation (“ICMC”) at a […]

The post American CuMo Mining Announces Terms of Silver Purchase Financing appeared first on CuMoCo.

2021-02-24 - Yahoo! Finance: PDM.V News

Palladium One Closes $15 Million Bought Deal Financing

Toronto, Ontario--(Newsfile Corp. - February 24, 2021) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the Company or Palladium One) is pleased to announce that it has closed its previously announced bought deal financing of $15,009,000 of securities of the Company (the Offering). The Offering was underwritten on a bought deal basis by a syndicate of underwriters led by Sprott Capital Partners LP, and including Mackie Research Capital Corporation (collectively, the ...

2021-02-24 - Yahoo! Finance: PRO.V News

Geophysics and Drilling Work Begin on Courville Property

VAL-D’OR, Quebec, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Pershimex Resources Corporation (« Pershimex » or « the Company ») (TSX Venture: PRO) announces that it has just signed a drilling contract with the company Forage Hébert from Amos. The new 2021 drilling campaign, with a minimum of 2,500 meters, is primarily aimed at increasing gold mineralization in the 100 vertical meters below the former Pershing-Manitou gold mine, where values of 33.3 g/t over 6.6 m were intercepted during the last campaign (Press release of July 22th, 2020). This new drilling campaign, which will begin in the week of March 3, will use a self-supporting drill to reduce the environmental impacts of the work. These works will confirm the lateral continuity of the gold mineralization below the mine surface crown pillar. The Company's goal is to define a high-grade gold envelope near the surface. Note that the surface crown pillar area is currently the subject of a resource calculation being calculated in accordance with Regulation 43-101 by 3D Geo-Solutions of Val-d'Or. Pershimex announces that it has just started microgravimetry and geo-radar work on its Courville property. The purpose of this work is to locate as accurately as possible the underground infrastructure of the former Pershing-Manitou mine. This information will optimize the pit shell design required for the calculation resources and the engineering related to the surface pillar extraction. The Company has therefore mandated Abitibi Geophysics of Val d'Or to carry out the surveys. These are contained in the immediate vicinity of the old mine and will use a high-precision configuration. The coupling of two geophysical methods is commonly used to maximize the quality of the information collected. Robert Gagnon, president and CEO of the Company stated: « The geophysics work we have just undertaken will allow us to confirm the position of the underground infrastructure and thus allow us to make significant progress in the evaluation work in progress. Following the completion of the geophysical surveys, drilling can begin, we expect work to begin on March 3. The Company is highly motivated and eager to start work with Forage Hébert, a pioneering company, using self-supporting drills to reduce the footprint of the survey work. » This press release was prepared by Robert Gagnon, a professional geologist and president of Pershimex, a qualified person under Regulation 43-101. For more information, please contact: Robert Gagnon, PresidentJacques Levesque, CFO Tél.: (819) 825-2303Tél: (819) 797-4354 Warning The TSX Venture Exchange and its regulatory service provider (as expressed in the policies of the TSX Venture Exchange) assume no responsibility for the relevance or accuracy of the information contained in this press release. The facts in this press release that are not historical facts are forward-looking statements and readers are cautioned that such statements are not a guarantee of success and that future developments and results may differ from those projected in these forward-looking statements.

2021-02-24 - The Northern Miner

Fortescue Metals sorry for clearing land on Aboriginal sacred site

Australian iron ore major Fortescue Metals Group (ASX: FMG) has apologized to a local Aboriginal group for clearing land on a heritage site without representatives...

The post Fortescue Metals sorry for clearing land on Aboriginal sacred site appeared first on The Northern Miner.

2021-02-24 - Yahoo! Finance: ZEN.V News

ZEN Graphene Solutions Named to the TSX Venture 50

GUELPH, ON / ACCESSWIRE / February 24, 2021 / ZEN Graphene Solutions Ltd. (ZEN or the Company) (TSXV:ZEN)(OTC PINK:ZENYF), a next-gen nanomaterials technology company, is pleased to announce that it has been recognized as a Venture 50 company by the TSX Venture Exchange for 2020.

2021-02-24 - Yahoo! Finance: OCG.V News

Outcrop Recognized as a TSX Venture 50 Company

24, 2021 /CNW/ - Outcrop Gold Corp.F) (DE: MRG1) (Outcrop) is pleased to announce that it has been named to the 2021 TSX Venture 50, a ranking of top performing companies traded on the TSX Venture Exchange.

2021-02-24 - Yahoo! Finance: QTA.V News

Quaterra Enters into Agreement to Sell Certain Yerington Water Rights for US$2.91 Million

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) today announced its wholly-owned subsidiary Singatse Peak Services LLC (SPS) has entered into a purchase and sale agreement to sell certain primary ground water rights associated with its copper property in Yerington, Nevada, to Desert Pearl Farms LLC (Desert Pearl), a Yerington-based company involved in agriculture in the district, for US$2.91 million.Desert Pearl has paid an initial $1 ...

2021-02-24 - Yahoo! Finance: STH.V News

Caniapiscau (Kaneiapishkau): a new gold district in Quebec developed by Stelmine

Caniapiscau District Stelmine Properties QUEBEC CITY, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Stelmine Canada (STH-TSXV) wishes to leave a footprint on its gold discoveries in the eastern Opinaca metasedimentary basin and designates this new district under the name of Caniapiscau (Kaneiapishkau). Four years ago, Stelmine took the audacious gamble to focus its exploration within the eastern portion of the basin. The Company’s objective was to become a pioneer in a poorly explored area and establish its gold potential. The results of our work proved to be remarkably profitable leading to the discovery of new gold showings and prospects. Isabelle Proulx, President and CEO of Stelmine confirms: “It became necessary to designate this new gold district so to separate it from the James Bay area to the west and validate its new potential.” In conferring the Caniapiscau label to this district, Stelmine emphasizes the gratification and prominence bestowed to the continuation of its exploration program while promoting worldwide a new high gold potential district. The Company will prove the eastern continuity of the Opinaca basin gold potential. Naming the Caniapiscau district will allow Stelmine to distinguish itself from other companies exploring the western area of the sedimentary basin, better known for developing numerous gold prospects and mines within the Eeyou Istchee Territory (ex: Éléonore mine, Zone 32, La Pointe). The vast region currently investigated by Stelmine centered roughly 100 km from Fermont, Quebec-Labrador, encompass an area of 37,790 km2. The Company holds more than 1,198 claims in the area, including the Courcy and Mercator properties. Stelmine strongly believes this territory carries sufficient potential to become the next mining camp of northern Québec. The name of Caniapiscau or (Kaneiapishkau) in Innu signifies “the rocky point”. The area is of great importance for the Innus, Cris and Naskapis First Nations containing patrimonial sites resulting from gatherings et bartering between the early inhabitants. Thus, the Kaneiapishkau lake and major affluents formed a major waterway in northeastern Quebec. Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada). About Stelmine Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 1,574 claims on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Eleonore Mine. Its capital stock consists of 45,896,188 issued and outstanding shares. Forward-looking statements Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “expected” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the listing and trading of the Corporation’s common shares on the CSE and the availability of a listing statement on the CSE’s website and on SEDAR are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For more information : Isabelle ProulxPresident and CEOChristian GuilbaudBusiness Development418-626-6333514-813-7862info@stelmine.com A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9b14f63-1a78-4f41-8d0d-0175e5a424f7

2021-02-24 - Yahoo! Finance: AVL.TO News

Avalon Receives High-Ranking ESG Risk Rating

Toronto, Ontario--(Newsfile Corp. - February 24, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) (Avalon or the Company) is pleased to report on its Environmental, Social and Corporate Governance (ESG) Risk Rating following an independent audit of the Company's business practices and policies performed by Sustainalytics, a Morningstar company, as first announced on November 3, 2020. Avalon's overall management of material ESG issues is strong. No events or policies were identified ...

2021-02-24 - Yahoo! Finance: ELY.V News

Ely Gold Royalties Options Cimarron Property Nye County, Nevada

Ely Gold Retains a 2.5% Royalty Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Ely Gold Royalties Inc. (TSXV: ELY) (OTCQB: ELYGF) (Ely Gold or the Company is pleased to announce that through its wholly-owned subsidiary, Nevada Select Royalty Inc (collectively Ely Gold), it has entered into an Option Agreement with Crestview Exploration for its Cimarron Property, located in Nye County Nevada. Crestview will have the option to purchase 100% of the Cimarron ...

2021-02-24 - Yahoo! Finance: LI.V News

American Lithium Named to TSX Venture Exchange “Venture 50”

VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V: LI, OTCQB: LIACF, Frankfurt: 5LA1) is pleased to announce that it has been named to the 2021 TSX Venture 50, an annual ranking of top performing listed companies on the TSX Venture Exchange. The 2021 TSX Venture 50 is an annual ranking of the top performing listed companies from five industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology. The selection is based on year-over-year performance across three equally weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ended December 31, 2020. American Lithium Interview with Founder Andrew Bowering “We are very pleased to be recognized in the 2021 TSX Venture 50,” stated Michael Kobler, CEO of American Lithium. “The past year has seen American Lithium reach new highs as we continue to forge ahead on our large-scale TLC Lithium Project in Nevada and now that we have agreed to acquire Plateau Energy Metals to create a leading diversified lithium development Company, I would also like to take this opportunity, on behalf of our Board of Directors, to thank our team at American Lithium for their hard work and to our shareholders for their support along the way.” About American Lithium American Lithium is actively engaged in the acquisition, exploration and development of lithium deposits within mining-friendly jurisdictions throughout the Americas. The company is currently exploring and developing the TLC lithium project located in the highly prospective Esmeralda lithium district in Nevada. TLC is close to infrastructure, 3.5 hours south of the Tesla Gigafactory, and in the same basinal environment as Albemarle’s Silver Peak lithium mine, and several advancing deposits and resources, including Ioneer Ltd.’s (formerly Global Geoscience) Rhyolite Ridge and Cypress Development Corp.’s Clayton Valley Project. On behalf of the Board of Directors of American Lithium Corp ”Michael Kobler”CEO & Director For further information, please contact: American Lithium Corp.Email: info@americanlithiumcorp.comWebsite: www.americanlithium.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium’s most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

2021-02-24 - Yahoo! Finance: AAZ.V News

InvestmentPitch Media Video Discusses Azincourt Energy's 2021 Winter Exploration Program on its East Preston Uranium Project in Western Athabasca Basin - Video Available on Investmentpitch.com

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Azincourt Energy (TSXV: AAZ) (OTC Pink: AZURF) (FSE: A0U2) has mobilized a drill rig and crew to begin the 2021 winter exploration program on its East Preston uranium project. The company recently completed the acquisition of a 70% interest in the 25,000+ hectare East Preston uranium project located in the western Athabasca basin in Saskatchewan, Canada. The project, one of the largest tenure land positions ...

2021-02-24 - Yahoo! Finance: GMC.V News

Gaia Metals Corp. Releases Second Edition of President's Letter

VANCOUVER, BC / ACCESSWIRE / February 24, 2021 / Gaia Metals Corp. (Gaia) (TSXV:GMC)(OTCQB:RGDCF)(FSE:R9G) is pleased to provide shareholders with the following link to the Company's latest President's Letter.

2021-02-24 - Yahoo! Finance: LME.V News

Western Financial Group Continues Commitment of Giving Back

Western Financial Group Communities Foundation Annual Report of Community Giving Highlights Community Involvement Across Canada HIGH RIVER, AB, Feb. 24, 2021 /CNW/ - Giving back to communities across Canada is engrained in the history and culture of Western Financial Group (Western).

2021-02-24 - Yahoo! Finance: CKG.V News

Chesapeake Gold Announces 2021 Work Program Appointment of Carl Edmunds as Special Advisor

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (Chesapeake or the Company) announces that the Board of Directors have approved a 2021 work program for the Metates project in Durango, Mexico. The Company is also pleased to welcome Carl Edmunds as Special Advisor - Geology and Exploration, effective immediately to assist with key elements of the 2021 work program.2021 Work Program Includes:Bulk Drilling Program: Chesapeake plans ...

2021-02-24 - Yahoo! Finance: LKY.V News

Lucky Minerals Announces the Start of the 2021 Exploration Program

VANCOUVER, BC / ACCESSWIRE / February 24, 2021 /Lucky Minerals Inc.(TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY) (Lucky or the Company) announces that field work has begun at its Fortuna Property in southern Ecuador.

2021-02-24 - Yahoo! Finance: BTO.TO News

B2Gold Reports Record Annual Gold Production; Street Sees 73% Upside

B2Gold Corp reported record annual gold production for the twelfth consecutive year. The company produced 1.04 million ounces in 2020, at the higher end of guidance of between 1 million-1.055 million ounces, with 270,469 ounces being produced in the fourth quarter. As a result, B2Gold (BTG) saw a year-on-year increase in annual revenues of 54% to $1.79 billion, while earnings per share (EPS) came in at $0.59, versus $0.29 in the comparable year-ago period. Revenues of $479,525 million for the fourth quarter were in line with analysts’ estimates and represented a 53% increase year-over-year. Meanwhile, EPS of $0.16 beat analysts’ fourth quarter estimates of $0.13 but came in 1 penny lower than the equivalent period last year. The company noted, “Despite the challenges of the COVID-19 pandemic, B2Gold had another remarkable year of strong growth in 2020, with the achievement of B2Gold’s twelfth consecutive year of record annual gold production.” B2Gold expects total gold production for fiscal 2021 to be in the range of 0.97 million-1.03 million ounces and has budgeted $66 million towards an aggressive exploration plan for the year. (See B2Gold stock analysis on TipRanks) On Feb. 21, RBC Capital analyst Josh Wolfson reiterated a Hold rating on BTG stock and set a price target of $6.50. This implies upside potential of around 35% from current levels. Meanwhile, the consensus rating is a Strong Buy based on 7 Buys and 2 Holds. The average analyst price target of $8.35 implies upside potential of around 73% over the next 12 months. Related News: Macy’s Beats 4Q Sales Estimates, Sees Recovery In 2021; Shares Drop 2.6% Upwork Posts Better-Than-Expected 4Q Results; Shares Pop 18.7% After-Hours Five9 4Q Pops 10% Pre-Market On Blowout Quarter More recent articles from Smarter Analyst: Autodesk To Snap Up Innovyze For $1B; Street Sees 14% Upside Sierra Wireless’ 4Q Sales Exceed Expectations; Street Sees 28% Upside Xperi Holding’s 4Q Earnings Miss Estimates; Shares Drop 7% Hercules Capital Posts Better-Than-Expected 4Q Results; Shares Gain Pre-Market

2021-02-24 - Yahoo! Finance: AMR.V News

Deadline extended: Submit your story for RNAO's Media Awards by March 5, 2021

24, 2021 /CNW/ -There is still time to have your outstanding health reporting honoured by one of the province's leading voices in nursing and health care. The Registered Nurses' Association of Ontario's (RNAO) has extended the deadline for submissions to its annual Media Awards competition to Friday, March 5, 2021.

2021-02-24 - Yahoo! Finance: TM.V News

CORRECTION: Trigon Reports 13 Metre Trench Grading 2.7% Copper and 34.5 g/t Silver at Silver Hill in Morocco

CORRECTION NOTICE: Reissued with images (diagram and map)TORONTO, ON / ACCESSWIRE / February 24, 2021 / Trigon Metals Inc. (TSX-V:TM) (Trigon or the Company) announced today trench assay results from the Company's exploration program campaign at the Company's 100% owned Silver Hill Project (Silver Hill or the Project) in Morocco.

2021-02-24 - Yahoo! Finance: FMC.V News

Forum Announces $500,000 Private Placement and Stock Option Grant

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Forum Energy Metals Corp. (TSXV: FMC) (Forum or Company) announces that it intends to raise $500,000 by way of a flow through private placement (the Offering) of 1,351,351 flow through units (a Unit) at $0.37 per Unit, each Unit comprised of one flow through common share of the Company (a Share) and one non-flow through warrant (a Warrant). Each Warrant entitles the holder to acquire ...

2021-02-24 - Yahoo! Finance: MTB.V News

Mountain Boy Announces Assays from the American Creek Project

Kilogram silver and multi-gram gold values from surface samples extend zones.Fully funded drill program is set to resume early in the spring. Well funded with ~$3.1M in working capital.Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Mountain Boy Minerals Ltd. (TSXV: MTB) (FSE: M9UA) (Mountain Boy or the Company) reports results from its 2020 exploration program on the American Creek Project in BC's Golden Triangle.The program, which wrapped up in early November, included 2,100 metres of ...

2021-02-24 - Yahoo! Finance: XTM.V News

Transition Metals Declares Dividend-In-Kind of Shares Held in SPC Nickel Corp.

Sudbury, Ontario--(Newsfile Corp. - February 24, 2021) - Transition Metals Corp (TSXV: XTM) (Transition, the Company) is pleased to announce that its board of directors has declared a special dividend-in-kind (the Dividend) of a portion of the common shares of SPC Nickel Corp. (SPC Nickel) held by the Company to the Company's shareholders of record as at March 3, 2021 (the Record Date). Each holder of the Company's common shares on the Record ...

2021-02-24 - Yahoo! Finance: CBI.V News

Colibri to Acquire 100% Interest in Diamante Gold and Silver Project Adjacent to El Mezquite Project - Assays up to 39.8 g/t Au and 3,160 g/t Ag

Dieppe, New Brunswick--(Newsfile Corp. - February 24, 2021) - Colibri Resource Corporation (TSXV: CBI) (Colibri or the Company) is pleased to announce that it has signed an agreement with Bimsa Minera SA de CV, a private Mexico-based mineral exploration company to acquire up to 100% of the Diamante Gold Project located in the prolific Sierra Madre Occidental of Sonora, Mexico.The highly prospective gold and silver project consists of a cumulative 1,057 hectare (ha) land package ...

2021-02-24 - Yahoo! Finance: AAZ.V News

Azincourt Energy Begins 2021 Drill Program at the East Preston Uranium Project

Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin Saskatchewan Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin Saskatchewan Figure 2: 2021 Drill Target areas at the East Preston Uranium Project Figure 2: 2021 Drill Target areas at the East Preston Uranium Project Figure 3: Project Location – Western Athabasca Basin, Saskatchewan, Canada Figure 3: Project Location – Western Athabasca Basin, Saskatchewan, Canada VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce that after a minor weather related delay, the 2021 winter drill program at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada, has commenced. As previously reported the target area for the 2021 drill program is the conductive corridor from the A-Zone through to the G-Zone (Figures 1 and 2) and is based on a compilation of results from the 2019 and 2020 drill programs, 2018 through 2020 ground based EM and gravity surveys, and property wide VTEM and magnetic surveys. Drilling has commenced south of the A-Zone and will continue southwest along the AB and G-Zones (see Figure 2). The first hole of the 2021 program is designated to test a strongly disrupted portion of the A-Zone conductor in the vicinity of a left-lateral fault offset and transition from northwest to north trending controlling structure. The target is further strengthened by a localized gravity low feature at depth. The hole is located 500m north of 2019 hole EP19001 which successfully intersected graphite-quartz-pyrite laden fault zones. “We are excited to begin seeing results from the 2021 drill program,” said Exploration Manager, Trevor Perkins. “These drill results will confirm and refine our exploration model for the East Preston Project”, continued Mr. Perkins. The 2021 exploration program will comprise a minimum a 10-12 hole, 2000-to-2500 meter diamond drill campaign. TerraLogic Exploration and Bryson Drilling have been contracted to execute the drill program, which is being conducted under the guidance and supervision of Azincourt’s Exploration Manager, Trevor Perkins, P.Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic Exploration. The 2020 HLEM survey completed in December indicates multiple prospective conductors and structural complexity along the eastern edge of this corridor. Drilling in the A zone suggests this structural corridor hosts significant graphitic packages within strongly sheared and faulted host lithologies, indicating an environment conducive to fluid movement and uranium deposition. About East Preston Azincourt currently controls a 70% interest in the 25,000+ hectare East Preston project as part of a joint venture agreement with Skyharbour Resources (TSX.V: SYH), and Dixie Gold Inc. (TSX.V: DG). Multiple prospective conductive, low magnetic signature corridors have been discovered on the property. These distinct corridors have a total strike length of over 25 km, each with multiple EM conductor trends identified. Ground prospecting and sampling work completed to date has identified outcrop, soil, biogeochemical and radon anomalies, which are key pathfinder elements for unconformity uranium deposit discovery. The East Preston Project has multiple long linear conductors with flexural changes in orientation and offset breaks in the vicinity of interpreted fault lineaments – classic targets for basement-hosted unconformity uranium deposits. These are not just simple basement conductors; they are clearly upgraded/enhanced prospectivity targets because of the structural complexity. The targets are basement-hosted unconformity related uranium deposits similar to NexGen’s Arrow deposit and Cameco’s Eagle Point mine. East Preston is near the southern edge of the western Athabasca Basin, where targets are in a near surface environment without Athabasca sandstone cover – therefore they are relatively shallow targets but can have great depth extent when discovered. The project ground is located along a parallel conductive trend between the PLS-Arrow trend and Cameco’s Centennial deposit (Virgin River-Dufferin Lake trend). Qualified Person The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by C. Trevor Perkins, P.Geo., Exploration Manager of Azincourt Energy, and a Qualified Person as defined by National Instrument 43-101. About Azincourt Energy Corp. Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru. ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP. “Alex Klenman”Alex Klenman, President & CEO Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. For further information please contact: Alex Klenman, President & CEOTel: 604-638-8063info@azincourtenergy.com Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/192b27ff-61c0-4eda-9fe5-461c2c245042 https://www.globenewswire.com/NewsRoom/AttachmentNg/15bb9266-2ee8-41f4-b17f-2d4744ec328b https://www.globenewswire.com/NewsRoom/AttachmentNg/c2b8c596-839e-41fe-ba7d-64f351f03321

2021-02-24 - Yahoo! Finance: DAU.V News

Desert Gold Provides Corporate and Exploration Update; 20,000 Metres of Drilling in Progress - SMSZ Project, West Mali

Delta, British Columbia--(Newsfile Corp. - February 24, 2021) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) (the Company) is pleased to provide an update on the Company's largest exploration program to date at its flagship Senegal Mali Shear Zone project in Western Mali (the SMSZ Project). The 410 km2 SMSZ Project is both named after and overlies a 38 km section of the prolific Senegal Mali Shear Zone (the SMSZ). ...

2021-02-24 - Yahoo! Finance: MMS.V News

Macarthur Minerals Enters Into Exclusive Agreement Over 10 Historic Prospecting and Mining Lease Tenements in the Central Goldfields of Western Australia

Tenement portfolio Tenement portfolio VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (OTCQB: MMSDF) (the “Company” or “Macarthur”) is pleased to advise shareholders that the Company has entered into an exclusive agreement with Zanil Pty Ltd (“Zanil”) to undertake due diligence over 10 tenements in and around the Leonora Goldfields region in Western Australia (“Agreement”). The Agreement is intended to strengthen the value proposition for a potential future repositioning of Macarthur’s non-iron ore assets. Under the Agreement Macarthur intends to undertake a legal review of these tenements alongside a geological assessment and ultimately, the completion of an Independent Valuation on behalf of Zanil. The purpose of this due diligence is to assess the value implication of amalgamating these historic gold/copper mining tenements into a transaction to “spin-out” these areas alongside the Company’s Pilbara gold, lithium and copper tenements (“Transaction”). The exclusivity period under the Agreement allows Macarthur a period of 90 days to complete its due diligence review. About ZanilZanil is an Australian Proprietary company. Zanil either directly holds rights over, or is duly authorised on behalf of the relevant tenement holders, to enter into the Agreement with Macarthur in respect of the tenement areas listed below: TenementProject Name P37/8376Victor Bore P37/8325Camel M37/983Chicago P37/8278Barlow’s Gully P37/8310Great Northern Workings P37/8173Victor Bore M37/1349*Victor Bore P37/8468Garden Well P37/8571Specking Patch P37/9162Coppermine *Conversion of P37/8173 Location of the properties under due diligenceThe Leonora tenements are located in the Central Goldfields region of Western Australia, approximately 237 kilometres north of the city of Kalgoorlie within the proximity of active gold mines such as Agnew gold mine, Gwalia gold mine and Sunrise Dam gold mine. The tenement portfolio consists of two mining leases and eight prospecting licences, with nine of the areas located on historic gold workings. The other tenement, Barlow’s Gully, has no established mine workings, but has been subject to surface gold extraction for over 100 years. Key tenements are: Garden Well was mined prior to 1987 and subsequently subject to periodic exploration campaigns.Camel Lease historically produced 30.72kg (1083.61oz) of gold reported in WA Government Minedex database as: -- Sons of Australia - 26.3kg (927.70oz) Au from 691 tonnes @ 38.1g/t Au -- Camel Leases - 4.39kg (154.85oz) Au from 142 tonnes @ 30.9g/t Au -- Kruger and Viceroy - 3.95kg (139.33oz) Au @ 37 g/t AuThis reef has been mined to ~150 feet and historic reports suggest water ingress to be the main factor in mining being discontinued. Great Northern tenement records production of 460 tonnes of ore mined for 10.1kg (356.26oz) Au @ 21.9 g/t Au.Barlow’s Gully tenement has no historical mine workings but covers the Ursus fault structure. Outside the lease the Ursus fault structure hosts the Torian Sterling Well discovery (held by others), Cerebus-Eclipse 112,000oz Au resource (held by others), and the Centauri 83,100oz Au resource (held by others). Coppermine is a tenement that has a historical mine working with notable surface copper expression. The past production reported from these areas are not treated as current or historical Mineral Resources and further exploration is required to understand the potential for gold or copper mineralisation. The location of the 10 tenements is shown on the below map that highlights the prospectivity of the Leonora Goldfields and indicates the potential of this tenement portfolio. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7ed9f5d-b5a1-43db-a563-3f3ad679becf Alan Joe Phillips, Managing Director of Macarthur Minerals, commented: “The main focus for the Company is ‘first and foremost’ the ongoing development of the Lake Giles Iron Ore assets. The entering into of the due diligence agreement with Zanil is designed to all for an exclusive low-cost review of the Central Goldfields assets to augment the Company’s Pilbara gold, copper and lithium tenement portfolio. If these tenements demonstrate value, Macarthur will consider spinning out this portfolio as part of a wider Pilbara/Central Goldfields transaction. The objective is to create value for shareholders by exploiting these tenements without detracting or distracting Macarthur from delivering on its substantial Lake Giles Iron Project.” On behalf of the Board of Directors, Mr Cameron McCall, Chairman For more information please contact: Joe Phillips Managing Director +61 7 3221 1796 communications@macarthurminerals.com Investor Relations – Australia Investor Relations - CanadaAdvisir Investor CubedSarah Lenard, Partner Neil Simon, CEOsarah.lenard@advisir.com.au +1 647 258 3310 info@investor3.ca Company profileMacarthur is an iron ore development, gold and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Lake Giles Iron Project mineral resources include the Ularring hematite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Lake Giles magnetite resource of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated) and 997 million tonnes (Inferred). Macarthur has prominent (~721 square kilometre tenement area) gold, lithium and copper exploration interests in Pilbara region of Western Australia. In addition, Macarthur has lithium brine Claims in the emerging Railroad Valley region in Nevada, USA. This news release is not for distribution to United States services or for dissemination in the United States Caution Regarding Forward Looking StatementsCertain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; conversion of Mineral Resources to Mineral Reserves or the eventual mining of the Project, are forward-looking statements. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to: unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; failure to complete the FS; inability to demonstrate economic viability of Mineral Resources; and failure to obtain mining approvals. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

2021-02-24 - Yahoo! Finance: PG.TO News

Premier Gold Announces i-80 Gold Corp's Marketed Private Placement Financing

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/THUNDER BAY, ON, Feb. 24, 2021 /CNW/ - Premier Gold Mines Limited (TSX:PG) (OTCPK: PIRGF) (Premier, the Company) is pleased to announce that its wholly-owned subsidiary i-80 Gold Corp.

2021-02-24 - Yahoo! Finance: ORV.TO News

Orvana Provides Summary of Presentation Provided at AGM Held on February 18, 2021

24, 2021 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the Company or Orvana).

2021-02-24 - Yahoo! Finance: GSPR.V News

LG Expands WebOS Smart TV Platform to TV Brand Partners

LG Opens Popular Platform and Integrated Content Services to Manufacturers to Deliver Better TV Experience to Even More Consumers TORONTO, Feb. 24, 2021 /CNW/ - LG Electronics (LG) announces the availability of its popular webOS TV platform ecosystem to other TV brand partners, disrupting the status quo in an industry known for its proprietary operating systems across different manufacturers.

2021-02-24 - Yahoo! Finance: GSV.TO News

Gold Standard Ventures to Present at the BMO Global Metals & Mining Conference

VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) (“Gold Standard” or the “Company”) announced today that Jason Attew, President and CEO, will present virtually at the BMO Global Metals & Mining Conference on Wednesday, March 3, 2021 at 3:30 p.m. ET. The presentation will be available on the “Investors” section of the Company’s website. About Gold Standard Gold Standard is developing the South Railroad Project, an open pit, heap leach gold project located in Elko County, Nevada. The project is part of a +21,000 hectare land package on the Carlin Trend, and is 100% owned or controlled by Gold Standard. The goal of the Company is to become the low-cost junior producer of choice in Nevada, one of the premier mining jurisdictions in the world. For further information contact:Michael McDonaldVice President, Corporate Development & Investor RelationsPhone: 1-604-687-2766E-Mail: info@goldstandardv.com

2021-02-24 - Yahoo! Finance: TLG.TO News

Troilus Extends Gold Bearing Zone Well Beyond Pea Pit Limits in the Southwest Zone With Intercepts of 1.16 g/t AuEq Over 18m, Incl. 2.36 g/t Over 7m and 11.1 g/t Over 1m; 1.08 g/t AuEq Over 16m, Incl. 1.87 g/t Over 7m and 2.56 g/t Over 4m

Figure 1 Location of New Drill Hole Results in the Southwest Zone Figure 2 Southwest Zone PEA Pit Shell and New Drill Results - Looking North East Figure 3 Section N9925; View of drill hole TLG-ZSW20-209 and TLG-ZSW20-211 Figure 4 Section N9700; View of drill hole TLG-ZSW20-208 TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the “Company”) reports additional drill results from recent exploration drilling at its 100%-owned Troilus Gold Project (“Troilus” or the “Project”) located in north central Quebec, Canada. These latest results represent exploration and step out holes located in the Southwest Zone, a priority growth target which was discovered and drilled in late 2019 and early 2020 (See Figure 1). Results continue to define significant mineral expansion well beyond the pit proposed in the Preliminary Economic Assessment (“PEA”) (See press release dated August 31, 2020) (See Figure 2). Highlights include: ZSW20-209 extended known mineralization an additional 250 metres east of the PEA defined pit shell, over 225m below it and remains open, suggesting potential for continued resource growth (see Figure 3). Intercept highlights include: 1.08 g/t AuEq over 16m, incl. 1.87 g/t over 7m and 2.56 g/t over 4m1.13 g/t AuEq over 8m, incl. 4.45 g/t AuEq over 1m and 1.28 g/t over 1m ZSW20-211 intersected substantial mineralization approximately 75m below the PEA pit shell and extended down dip mineralization to at least 500m from surface (see Figure 3). Intercept highlights include: 1.48 g/t AuEq over 6m, incl. 6.9 g/t over 1m1.28 g/t AuEq over 9m, incl. 5.3 over 1m, 3.3 g/t over 1m and 2.4 g/t over 1m 1.37 g/t AuEq over 8m, incl. 3 g/t over 1m ZSW20-208 extended the defined ore zone down dip over 200m below the PEA pit shell having markedly higher grades than previously reported in hole ZSW20-187 (see May 14, 2020 press release), located approximately 150m above it (See Figure 4). The mineralized trend remains open at depth. Intercept highlights include: 1.16 g/t AuEq over 18m, incl. 2.36 g/t over 7m and 11.09 g/t over 1m3.44 g/t AuEq over 2m, incl. 5.46 g/t over 1m; and 3.10 g/t AuEq over 1m located in a previously undrilled area within the PEA pit shell “These continued positive results in the Southwest Zone are demonstrating a potential scale that is exceeding our expectations,” stated Justin Reid, CEO of Troilus Gold. “The results from holes 209 and 211 have defined an expanded mineral system that dwarfs the pit shell proposed in the PEA completed last year with strong extensions of mineralization all located within 500m from surface. It’s very exciting to see the Southwest Zone rapidly evolving from its initial discovery just over 1 year ago. We are eager to continue targeted drilling in this area to better define the potential of what could rapidly become a very large system with multi-million ounce resource potential of a scale we believe could be in-line with the main zone Z87, or potentially larger.” This Southwest Zone is located approximately 2.5 kilometres southwest of the former mine site and main mineral resource area (See Figure 1). It was initially discovered and drilled in late 2019 and early 2020 following some new geologic modelling work by Troilus’ technical team. A minimal 8,500 metres of drilling in this zone has already outlined an estimated Inferred resource of 580,000 oz of gold equivalent ounces (22.6 Mt, at avg. grade of 0.80 g/t AuEq). The Company is working towards an updated mineral resource estimate and Pre-Feasibility Study, expected for completion in the second half of 2021. Figure 1: Location of New Drill Hole Results in the Southwest Zone - https://www.globenewswire.com/NewsRoom/AttachmentNg/92b4c570-f3a7-457f-9bcf-bd9ab3ccd933 Figure 2: Southwest Zone PEA Pit Shell and New Drill Results - Looking North East - https://www.globenewswire.com/NewsRoom/AttachmentNg/0d91fb6e-a361-4c6a-b6e7-f28b9743f97c Figure 3: Section N9925; View of drill hole TLG-ZSW20-209 and TLG-ZSW20-211 - https://www.globenewswire.com/NewsRoom/AttachmentNg/e4743ef6-43a4-4870-9a5c-d4ee6d7f5124 Figure 4: Section N9700; View of drill hole TLG-ZSW20-208 - https://www.globenewswire.com/NewsRoom/AttachmentNg/7356df30-663d-486b-b845-56c8ef61851d Table 1: New Southwest Zone Drill Results Highlights Hole From (m) To (m) Interval (m) Au Grade (g/t) Cu Grade (%) Ag Grade (g/t) AuEq Grade (g/t) TLG-ZSW20-208 788023.370.05170.583.44incl.798015.330.09630.905.46 989912.990.07311.403.10 18718811.630.00380.251.63 22322411.470.02820.501.51 248266181.140.01690.381.16incl.25025772.330.02070.522.36incl.252253111.050.02460.9011.09incl.26526611.380.01000.251.40 34734810.830.40504.901.40 37237311.090.61204.201.91 38939012.930.13203.303.13 39839910.770.17401.801.01 TLG-ZSW20-209 242730.840.07022.300.95incl.252611.990.09434.202.15 839180.880.028820.211.13incl.878812.950.0977130.004.45incl.888911.170.02756.901.28 22222421.120.12873.451.33 26226860.880.00790.420.90incl.26226312.780.01370.252.80 29229311.070.01870.251.10 29829912.510.29307.302.96 318334160.940.10400.531.08incl.318324.96.91.630.18410.721.87incl.321324.93.92.220.26031.082.56incl.32832911.000.08281.101.11 39940010.950.44204.101.56 48648711.100.017614.101.27TLG-ZSW20-211 15115211.450.04080.251.50 15716361.400.01525.911.48incl.16016116.660.008722.006.90 17117650.890.01401.010.92incl.17317412.780.00860.252.79 18419281.060.00200.311.07incl.18518615.100.00270.505.11 23124091.230.02591.491.28incl.23123212.390.01560.252.41incl.23423515.050.118010.305.31incl.23924013.320.00240.253.33 256257112.050.00210.2512.06 369370112.450.07131.1012.55 50450620.960.00570.250.97incl.50450511.240.00650.251.25 53153431.990.01710.572.02incl.57257310.820.17255.301.10 62563381.130.16922.561.37incl.62963012.680.21503.903.00 63964121.200.32203.801.65 78378411.160.00280.251.16 81781921.420.28956.651.86incl.81881912.360.2557.702.77 *Note drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot be determined with available information.Quality Assurance and Control During the Southwest Zone drill program in 2020, one metre assay samples were taken from NQ core and sawed in half. One-half was sent for assaying at ALS Laboratory, a certified commercial laboratory, and the other half was retained for results, cross checks, and future reference. A strict QA/QC program was applied to all samples; which included insertion of one certified mineralized standard and one blank sample in each batch of 25 samples. Every sample was processed with standard crushing to 85% passing 75 microns on 500 g splits. Samples were assayed by one-AT (30 g) fire assay with an AA finish and if results were higher than 3.5 g/t Au, assays were redone with a gravimetric finish. For QA/QC samples, a 50 g fire assay was done. In addition to gold, ALS laboratory carried out multi-element analysis for ME-ICP61 analysis of 33 elements four acid ICP-AES. Qualified PersonThe technical and scientific information in this press release has been reviewed and approved by Bertrand Brassard, M.Sc., P.Geo., Chief Geologist, who is a Qualified Person as defined by NI 43-101. Mr. Brassard is an employee of Troilus and is not independent of the Company under NI 43-101. About Troilus Gold Corp. Troilus is a Toronto-based, Quebec focused, advanced stage exploration and early-development company focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The 107,326 hectare Troilus property is located northeast of Chibougamau, within the Frotêt-Evans Greenstone Belt in Quebec, Canada. From 1996 to 2010, Inmet Mining Corporation operated the Troilus project as an open pit mine, producing more than 2,000,000 ounces of gold and nearly 70,000 tonnes of copper. For more information: Caroline ArsenaultVP Corporate Communications+1 (647) 407-7123info@troilusgold.com Cautionary Note Regarding Forward-Looking Statements and Information Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability; the estimate of Mineral Resources in the updated Mineral Resource statement may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no certainty that the Indicated Mineral Resources will be converted to the Probable Mineral Reserve category, and there is no certainty that the updated Mineral Resource statement will be realized. The PEA is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA is subject to a number of risks and uncertainties. See below and the Company’s latest technical report available on SEDAR for more information with respect to the key assumptions, parameters, methods and risks of determination associated with the foregoing. This press release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the impact of the ongoing drill program and results on the Company, the possible economics of the project and the Company’s understanding of the project; the development potential and timetable of the project; the estimation of mineral resources; realization of mineral resource estimates; the timing and amount of estimated future exploration; the anticipated results of the Company’s planned 2021 drill program and their possible impact on the potential size of the mineral resource estimate; costs of future activities; capital and operating expenditures; success of exploration activities; the anticipated ability of investors to continue benefiting from the Company’s low discovery costs, technical expertise and support from local communities. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performances or achievements of Troilus to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Troilus will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Troilus to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: there being no assurance that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to mineral resource estimates; the impact the COVID 19 pandemic may have on the Company’s activities (including without limitation on its employees and suppliers) and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on gold and other metals; the receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry, including without limitation, risks and uncertainties discussed in the most recent Technical Report and in other continuous disclosure documents of the Company available under the Company’s profile at www.sedar.com. Although Troilus has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Troilus does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

2021-02-24 - Yahoo! Finance: CG.TO News

Centerra Gold, Inc. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 24, 2021 / Centerra Gold, Inc. (OTC PINK:CAGDF) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 24, 2021 at 9:00 AM Eastern Time.

2021-02-24 - Yahoo! Finance: STGO.TO News

Steppe Gold Doubles the ATO Gold Mine Resource to 2.45Moz Gold Equivalent

Ulaanbaatar, Mongolia--(Newsfile Corp. - February 24, 2021) - Steppe Gold Ltd (TSX: STGO) (Steppe Gold or the Company) is pleased to announce an updated independent Mineral Resource Estimate at its 100% owned ATO Gold Mine. This estimate will form the basis of the upcoming bankable feasibility study (BFS) due out in Q2 2021.HIGHLIGHTSResources at the ATO Gold Mine have doubled to 2.45 M oz of Au Eq, up from 1.22M oz Au Eq ...

2021-02-24 - Yahoo! Finance: GFG.V News

GFG Provides Results from 2020 Phase 2 Drill Program and Begins 4,000 m Drill Program at the Pen Gold Project West of Timmins, ON

Figure 1: Plan Map of Regional Targets on the Pen Gold Project Plan Map of Regional Targets on the Pen Gold Project Figure 2: Plan Map of Boundary Regional Target Plan Map of Boundary Regional Target Figure 3: Cross Section of Hole PEN-20-070 at Boundary Prospect Cross Section of Hole PEN-20-070 at Boundary Prospect Figure 4: Plan Map of Sewell North Prospect Plan Map of Sewell North Prospect Figure 5: Plan Map of Nib Prospect Plan Map of Nib Prospect Figure 6: Plan Map of Broadway Prospect Plan Map of Broadway Prospect Highlights: Discovered gold mineralization on first pass drill testing of the Boundary Trend from hole PEN-20-070 (4.66 g/t Au over 1.2 m and 5.02 g/t Au over 0.7 m);Demonstrated that the Broadway Prospect is prospective over a 1.2 km trend from 600 m step-out hole that hit 5.43 g/t Au over 0.5 m;Hit multiple zones of broad gold mineralization along strike at the Nib Prospect in hole PEN-20-061 (0.81 g/t Au over 10.0 m) and hole PEN-20-062 (6.27 g/t Au over 1.0 m and 0.92 g/t Au over 13.0 m);2021 winter drill program of 4-5,000 m has begun. Priority drill targets include Slate Rock and R66 followed by Boundary, Sewell North and Nib; and Announces fully funded 2021 exploration program of approximately C$3.0 million that includes 8-10,000 m of drilling. SASKATOON, Saskatchewan, Feb. 24, 2021 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports the remaining results from its Phase 2 2020 drill program at its 100% owned Pen Gold Project (“Pen” and or the “Project”). During the Phase 2 drill program, the Company drilled 8,950 metres (“m”) from 30 holes testing multiple targets at Sewell, Sewell North, Boundary, Nib, HGM, Crawford, Broadway and Broadsword (see Figure 1). The Company also announces that drilling has resumed at Pen and the first drill hole at Slate Rock has been completed. The 2021 winter drill program of 4-5,000 m is designed to follow-up on recent discoveries and test newly generated targets such as the R66 Prospect. The Company anticipates completing the winter drill campaign in April 2021. “We are very pleased to have discovered new gold systems at the Boundary, Sewell North and Broadway targets with our first pass drill testing. Outlining new gold systems validates our methodical and disciplined exploration strategy as these targets are multi-kilometre in size, have no historic drilling and are under till cover.,” stated Brian Skanderbeg, President and CEO. “The follow-up drilling at Nib intercepted several broad zones of gold mineralization. These will require further analysis and drilling to better understand the controls of the gold system and isolate continuity of the high-grade mineralization.” Mr. Skanderbeg added, “Looking ahead, we are excited to begin our fully-funded 2021 winter drill program that will test several targets with 4-5,000 m of drilling. We are optimistic that we can deliver strong results from following up on our more advanced targets and the potential for new discovery at our high-grade R66 target.” 2020 Phase 2 Drill Program Results The Company completed a total of 30 holes (8,950 m) testing numerous targets in the eastern portion of the Project (see Table 1 and Figures 1-6). The Phase 2 drill program was designed to follow-up on the high-grade gold intercepts at the Nib, HGM and Sewell prospects and to test new targets at Sewell North, Boundary, Broadway and Broadsword. Initial results from nine drill holes were reported previously (see news release: “GFG Announces Initial Drill Results from Recently Completed Phase 2 Drill Program at the Pen Gold Project West of Timmins, ON”). Results from all the remaining drill holes from the drill program are outlined below. Boundary The Boundary Trend was identified in 2019 through systematic till sampling and follow-up prospecting that outlined six new gold showings along a three kilometre (“km”) trend within the eastern portion of the Project (see Figure 2). Surface rock grab and channel sampling returned up to 11 grams per tonne gold (“g/t Au”) associated with quartz veined, carbonate-sericite altered mafic volcanic and intrusive rocks. The Company completed six holes along the Boundary Trend and in the westernmost hole, PEN-20-070, two zones were encountered in carbonate-altered mafic volcanic rocks that returned 4.66 g/t Au over 1.2 m at 190.5 m and 5.02 g/t Au over 0.7 m at 264.9 m (see Figure 3). The lower zone is of particular interest as it consists of an interval of high strain and quartz-carbonate flooding at the contact with the underlying sedimentary rock package. Management believes the strain, alteration and structural setting are a strong indicator to host a significant gold system and plans to follow-up drilling in the 2021 winter drill program. Sewell NorthReconnaissance drilling at the Sewell North Prospect in 2020 identified a new gold zone along a parallel structure approximately one km north of the Sewell Prospect. Hole PEN-20-054 encountered a quartz-carbonate vein system in strongly sheared and altered diorite that returned 4.56 g/t Au over 0.7 m at 15.7 m downhole. Initial follow-up drilling has confirmed that the style of veining and alteration is analogous to the Sewell Prospect which has returned values up to 33.80 g/t Au over 1.05 m (see Figure 4). A structural study of recently completed drone magnetic survey data has highlighted several priority structural corridors that the Company plans to drill test as part of the winter drill program. NibPrevious drilling by GFG at the Nib Prospect identified several northeast-trending gold zones within quartz-carbonate veined and variably albite-silica-carbonate altered diorite with associated arsenopyrite and pyrrhotite mineralization. Four holes were completed during the Phase 2 program to test for strike and depth extensions to the intercept in hole PEN-20-047 which returned 71.27 g/t Au over 8.5 m. This follow-up drilling has successfully traced multiple vein zones on strike and at depth with values up to 6.27 g/t Au over 1.0 m and 0.92 g/t Au over 13.0 m in hole PEN-20-062 and 0.81 g/t Au over 10.0 m in hole PEN-20-061 (see Figure 5). These holes were drilled as 50 m step-outs along strike to the northeast and southwest. While unable to trace the very high-grade intercept, the consistent character and width of the vein zones are significant and deserve further consideration. The Company is currently analyzing the recently acquired data to better understand the controls of the system to guide future drill programs. Broadway In 2020, the Company drilled three holes to determine the extent of the gold system along the Broadway Trend with 300 m and 600 m step-outs holes from hole PEN-19-040 that returned 7.30 g/t Au over 0.7 m in veined and carbonate-altered diorite (see news release: “GFG Provides Exploration Update and Initiates 2020 Drill Program at Pen Gold Project West of Timmins, ON”). As predicted from the extent of the till gold-grain anomaly, these reconnaissance drill holes have now successfully traced the gold system for over one km from the surface showing in the north to hole PEN-20-065 in the south that returned 5.43 g/t Au over 0.5 m (see Figure 6). Given the scale and consistent character of the intersected veins, the Broadway Trend remains a high priority exploration target. 2021 Phase 1 Drill ProgramThe Company has resumed drilling at the Project with a plan to drill 4-5,000 m over the coming winter months. The fully funded drill program will have a primary focus on the Slate Rock and R66 targets in the west block of the Project and other priority targets such as Sewell North, Boundary, Broadway and Nib in the east block of the property (see Figure 1). Slate Rock Gold mineralization at Slate Rock occurs in a multi-phase diorite intrusion and has been traced intermittently with gold grains in till, surface rock samples and drill core for a strike length of over three km. Exploration has been focused up-ice of boulder samples that returned up to 18.0 g/t Au at the head of a till anomaly that peaked at 220 grains of gold (84% pristine). Initial drilling in 2019 returned significant intercepts such as 0.47 g/t Au over 25.3m including 3.58 g/t Au over 1.0 m associated with intense quartz-sericite-albite alteration, pyrite-magnetite mineralization and quartz-carbonate veining. In 2020, drill hole PEN-20-047, collared 800 m to the west, encountered multiple mineralized zones including a visible gold bearing interval that graded 0.29 g/t Au over 25.5m including 2.36 g/t Au over 1.0 m. As part of the winter drill program, the Company plans to drill four holes to follow-up on this visible gold bearing interval and related geophysical anomalies beneath Slate Rock Lake. R66 Prospecting of a priority regional structural target in 2020 identified a significant new gold showing, R66, in the west block of the property in a low-lying area with no documented historic gold exploration or drilling (see news release: “GFG Identifies New High-Grade Gold Target and Provides Drilling Update at the Pen Gold Project, West of Timmins, ON”). The recently discovered, northeast-trending quartz-carbonate veining, occurs within highly strained and carbonate altered intermediate to mafic volcanic rocks and has returned outcrop sample results up to 8.39, 11.10, 21.60 and 65.90 g/t Au. Veining occurs proximal to a prominent mafic-ultramafic contact and along a northeast structural corridor that shows a distinct magnetite destruction signature. As part of the on-going drill program, the Company plans to test the depth extension of the veins discovered on surface and to test several regional targets along the one-kilometer corridor. Outlook In 2021, the Company will continue to prioritize its focus on the Pen Gold Project with a budget of approximately C$3.0 million. The 2021 exploration plans at Pen are fully funded and include 8-10,000 m of drilling, drone magnetic surveys, prospecting, mapping and till sampling. In addition to its activities in Canada, the Company continues to execute on its strategic process to advance its 100% owned Rattlesnake Hills Gold Project (“RSH”) in Wyoming. The Company remains confident that it will have the opportunity outline a plan to advance the RSH project in the coming months. Table 1: Select Results from the 2020 Phase 2 Drill Program at the Pen Gold Project Hole IDFromToLength (m)Au (g/t)TargetPEN-20-061280.0290.010.00.81Nibincluding281.0282.01.03.21and377.5378.51.01.25and406.2408.22.01.13PEN-20-06250.051.01.00.69Niband122.0135.013.00.92including127.0131.04.01.58and including128.0129.01.02.64and274.0275.01.00.84and293.0294.01.01.15and331.0332.01.06.27and367.0368.31.31.17PEN-20-063196.5198.01.50.66Broadwayand214.5215.51.00.51PEN-20-065115.0115.50.55.43Broadwayand128.2129.21.00.54PEN-20-06941.042.01.00.76Boundaryand66.067.01.00.92and77.478.41.00.53and90.091.01.00.76and235.8236.70.90.76PEN-20-070108.0109.01.00.83Boundaryand190.5191.71.24.66and204.4205.41.00.82and263.5266.53.01.70including264.85265.50.655.02and292.0294.02.00.63and323.0324.01.01.42PEN-20-072320.0321.01.00.53CrawfordPEN-20-07454.054.50.50.60North SewellPEN-20-075167.0168.01.00.55SewellPEN-20-07769.071.02.00.64BroadswordPEN-20-08019.020.01.00.98Sewelland37.739.72.01.16and82.383.31.01.22PEN-20-08159.561.01.51.29Sewelland110.0114.04.01.03including110.0111.01.03.10 *Gold intervals reported in the above table are at 0.2 g/t cut-off and a minimum 0.5 gram per metre product. Weighted averaging has been used to calculate all reported intervals. True widths are estimated at 70-90% of drilled thickness. Figure 1: Plan Map of Regional Targets on the Pen Gold Projecthttps://www.globenewswire.com/NewsRoom/AttachmentNg/29e9def9-4ed2-4d48-8b41-c748a02025c4 Figure 2: Plan Map of Boundary Regional Targethttps://www.globenewswire.com/NewsRoom/AttachmentNg/8ea7d4d6-1a66-406f-b3c5-c93384df95a1 Figure 3: Cross Section of Hole PEN-20-070 at Boundary Prospecthttps://www.globenewswire.com/NewsRoom/AttachmentNg/e39a3ded-5bee-47b1-9467-4b90761e1ff5 Figure 4: Plan Map of Sewell North Prospecthttps://www.globenewswire.com/NewsRoom/AttachmentNg/aa45c55e-70fe-46fc-9452-bd24c22c25b2 Figure 5: Plan Map of Nib Prospecthttps://www.globenewswire.com/NewsRoom/AttachmentNg/a04633c3-f474-4068-8575-6aba3256f7b1 Figure 6: Plan Map of Broadway Prospecthttps://www.globenewswire.com/NewsRoom/AttachmentNg/aacf75cc-e7b8-4143-84b1-e3591a2da7e1 About the Pen Gold Project The Pen property is located approximately 40 km west of the prolific Timmins Gold District in Ontario. The contiguous land package, one of the largest in the region, consists of approximately 475 square km and is situated between Newmont’s Borden Gold Mine and Pan American Silver’s Timmins West Mine. The Project covers an approximately 55-kilometre-long section of Archean greenstone that contains the interpreted western extension of the Porcupine-Destor Fault Zone within the same geological setting that hosts many of the gold deposits found in the Timmins Gold Camp. About GFG Resources Inc. GFG Resources is a North American precious metals exploration company focused on district scale gold projects in tier one mining jurisdictions, Ontario and Wyoming. In Ontario, the Company owns 100% of the Pen and Dore gold projects, two large and highly prospective gold properties west of the prolific gold district of Timmins, Ontario, Canada. The Pen and the Dore gold projects have similar geological settings that host most of the gold deposits found in the Timmins Gold Camp which have produced over 70 million ounces of gold. The Company also owns 100% of the Rattlesnake Hills Gold Project, a district scale gold exploration project located approximately 100 kilometres southwest of Casper, Wyoming, U.S. The geologic setting, alteration and mineralization seen in the Rattlesnake Hills are similar to other gold deposits of the Rocky Mountain alkaline province which, collectively, have produced over 50 million ounces of gold. For further information, please contact: Brian Skanderbeg, President & CEOPhone: (306) 931-0930 or Marc Lepage, Vice President, Business Development Phone: (306) 931-0930 Email: info@gfgresources.comWebsite: www.gfgresources.com Stay Connected with UsTwitter: @GFGResourcesLinkedIn: https://www.linkedin.com/company/gfgresources/Facebook: https://www.facebook.com/GFGResourcesInc/ Qualified Persons Brian Skanderbeg, P.Geo. and M.Sc., President and CEO, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Mr. Skanderbeg has reviewed the sampling and QA/QC procedures and results thereof as verification of the sampling data disclosed above and has approved the information contained in this news release. Sampling and Quality ControlDrill core samples are analyzed for gold by Activation Laboratories Ltd. in Timmins, Ontario. Gold analysis consists of the preparation of a 500-gram pulp and an assay of a 50-gram aliquot by Pb collection fire assay with an Atomic Absorption Spectrometry finish (Package 1A2-50. Samples assaying above 5 ppm Au are routinely re-run using a gravimetric finish (Package 1A3-50). Mineralized zones containing visible gold are analyzed by a screen metallic fire assay method. Selected samples are also undergoing multi-element analysis for 59 other elements using a four-acid digestion and an ICP-MS finish (Package MA250) by Bureau Veritas Commodities Canada Ltd. in Vancouver, British Columbia. Quality control and assurance measures include the monitoring of results for inserted certified reference materials, coarse blanks and preparation duplicates of drill core. Sampling protocols, quality control and assurance measures and geochemical results related to historic till, rock grab, and drill core samples quoted in this news release have not been verified by the Qualified Person and therefore must be regarded as estimates. CAUTION REGARDING FORWARD-LOOKING INFORMATION All statements, other than statements of historical fact, contained in this news release constitute “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as “forward-looking statements”). Forward-looking statements include, but are not limited to, the future price of gold, success of exploration activities and metallurgical test work, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of exploration work, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes”, or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the assumed long-term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour, and that the political environment within Canada and the United States will continue to support the development of mining projects in Canada and the United States. In addition, the similarity or proximity of other gold deposits to the Rattlesnake Hill Gold Project, the Pen Gold Project and the Dore Gold Project is not necessary indicative of the geological setting, alteration and mineralization of the Rattlesnake Hills Gold Project, the Pen Gold Project and the Dore Gold Project. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of GFG to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: actual results of current exploration activities; environmental risks; future prices of gold; operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining government approvals or financing; and other risks and uncertainties. These risks and uncertainties are not, and should not be construed as being, exhaustive. Although GFG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, forward-looking statements are provided solely for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements in this news release are made as of the date hereof and GFG assumes no obligation to update any forward-looking statements, except as required by applicable laws.

2021-02-24 - Yahoo! Finance: AWE.V News

Thunderstruck Resources: Invitation to Red Cloud's 2021 Pre-PDAC Mining Showcase

Toronto, Ontario--(Newsfile Corp. - February 24, 2021) - Thunderstruck Resources (TSXV: AWE) is pleased to announce that the company will be presenting at Red Cloud’s 2021 Pre-PDAC Mining Showcase. We invite our shareholders and all interested parties to join us there. The annual conference will be a virtual event this year and will take place from March 3-5, 2021. For more information and/or to register for the conference ...

2021-02-24 - Yahoo! Finance: STU.V News

Invitation to media - Press Conference on Investments to Support Saguenay-Lac-Saint-Jean Aluminum Industry

Quebec's future and economy recovery are founded on the flagship industries of regional economies. They contribute significantly to economic growth and will be key assets to rebuild a stronger, more resilient and more just economy for all.

2021-02-24 - Yahoo! Finance: REX.V News

Orex Minerals Inc. Announces Participation in Red Cloud's 2021 Pre-PDAC Mining Showcase

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Orex Minerals Inc. (TSXV: REX) is pleased to announce that the company will be presenting at Red Cloud’s 2021 Pre-PDAC Mining Showcase. We invite our shareholders and all interested parties to join us there. The annual conference will be a virtual event this year and will take place from March 3-5, 2021. For more information and/or to register for ...

2021-02-24 - Yahoo! Finance: CD.V News

Invitation to media - Minister Diane Lebouthillier to announce investment to support Gaspésie region's seafood industry

24, 2021 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)The Government of Canada, now closer than ever to Quebec's regions, is investing in promising projects for the economic recovery.The Honourable Diane Lebouthillier, Member of Parliament for Gaspésie–Les Îles-de-la-Madeleine and Minister of National Revenue, invites media representatives to a press conference regarding Government of Canada support for Merinov.

2021-02-24 - Yahoo! Finance: TM.V News

Trigon Reports 13 Metre Trench Grading 2.7% Copper And 34.5 G/T Silver At Silver Hill In Morocco

Trigon REports 13 metre Trench grading 2.5 g/t Silver at Silver hill in MoroccoTORONTO, ON / ACCESSWIRE / February 24, 2021 / Trigon Metals Inc.

2021-02-24 - Yahoo! Finance: FEO.V News

Oceanic Announces Launch of Non-Brokered Convertible Debenture Financing

/NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U. NEWSWIRE SERVICES/ALL AMOUNTS ARE STATED IN CANADIAN DOLLARS, UNLESS OTHERWISE NOTEDTSX Venture Exchange: FEOVANCOUVER, BC, Feb.

2021-02-24 - Yahoo! Finance: GLO.TO News

Global Atomic Signs Uranium Marketing Agreement with Fuel Link Ltd

24, 2021 /CNW/ - Global Atomic Corporation (Global Atomic or the Company), (TSX: GLO) (OTCQX: GLATF) (FSE: G12) is pleased to announce it has entered into an Agreement with Fuel Link Limited (Fuel Link), to provide uranium marketing services to the Company.Fuel Link was founded by Mr Bahi Sivalingam in 2005, subsequent to his departure from Rio Tinto Plc.

2021-02-24 - Yahoo! Finance: ADZN.V News

Adventus and Salazar Announce Drilling Results at the El Domo Deposit Highlighted by 9.14% Copper Equivalent Over 22.06 Metres

24, 2021 /CNW/ - Adventus Mining Corporation (Adventus) (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited (Salazar) (TSXV: SRL) (OTCQB: SRLZF) (collectively the Partners) are pleased to announce continued infill drilling results from the El Domo volcanogenic massive sulphide deposit located within the 21,537-hectare Curipamba project in central Ecuador. Infill drilling for the ongoing feasibility study continues at El Domo with two diamond drill rigs having completed 36 infill definition drill holes totaling 3,908 metres from the planned 4,960 metres, and one drill hole in progress totaling a further 35 metres completed and the other drill rig moving to a new platform.

2021-02-24 - Yahoo! Finance: SRL.V News

Adventus and Salazar Announce Drilling Results at the El Domo Deposit Highlighted by 9.14% Copper Equivalent Over 22.06 Metres

24, 2021 /CNW/ - Adventus Mining Corporation (Adventus) (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited (Salazar) (TSXV: SRL) (OTCQB: SRLZF) (collectively the Partners) are pleased to announce continued infill drilling results from the El Domo volcanogenic massive sulphide deposit located within the 21,537-hectare Curipamba project in central Ecuador. Infill drilling for the ongoing feasibility study continues at El Domo with two diamond drill rigs having completed 36 infill definition drill holes totaling 3,908 metres from the planned 4,960 metres, and one drill hole in progress totaling a further 35 metres completed and the other drill rig moving to a new platform.

2021-02-24 - Yahoo! Finance: GGD.TO News

GoGold Drills 2,245 g/t AgEq over 2.3m and 70.5m of 115 g/t AgEq including 10.1m of 478 g/t AgEq at El Favor in Los Ricos North

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (GoGold, the Company) is pleased to release the results of 12 diamond drill holes from the El Favor deposit in the Los Ricos North project. Hole LRGF-21-033 intersected significant mineralization for a total of 48.5m out of 122.8m drilled, including 2.3m of 2,245 g/t silver equivalent (AgEq) within 8.8m of 636 g/t AgEq. The hole also intersected 33.9m of 160 g/t AgEq which contained 3.0m of 527 g/t AgEq in a second vein, and intersected 5.8m of 420 g/t AgEq, including 2.1m of 854 g/t AgEq in a third vein. (See Table 1 for details including breakdown of silver and gold values).

2021-02-24 - Capstone Mining Press Releases

Capstone Beats 2020 Production and Cost Guidance

2021-02-24 - Yahoo! Finance: BYN.V News

Banyan Gold Drills 0.92 g/t Au over 63.5 m at Airstrip, Further Expanding Gold Mineralization by 300m from Existing Resource, Aurmac Property, Yukon

VANCOUVER, BC / ACCESSWIRE / February 24, 2021 /Banyan Gold Corp. (the Company or Banyan) (TSXV:BYN) is pleased to announce the final 2020 exploration season diamond drill hole results from the Airstrip Zone, AurMac Property, Yukon (Table 1 and Figure 1).

2021-02-24 - Yahoo! Finance: WLF.V News

Wolfden Completes $0.62M Flow Through Financing

THUNDER BAY, ON / ACCESSWIRE / February 24, 2021 /Wolfden Resources Corporation(TSXV:WLF) (Wolfden or the Company) is pleased to announce the completion of a non-brokered private placement (the Offering) of 1,550,000 common shares of the Company that are flow-through shares within the meaning in the Income Tax Act (Canada) (the Flow-Through Shares) at a price of $0.40 per Flow-Through Share for gross proceeds of $620,000.

2021-02-24 - Yahoo! Finance: CG.TO News

Centerra Gold Announces Quarterly Dividend of C$0.05 per common share

TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that its Board of Directors has approved a quarterly dividend of C$0.05 per common share – approximately C$14.8 million or US$11.7 million. The quarterly dividend is payable on April 6, 2021 to shareholders of record on March 16, 2021. The dividends are eligible dividends for Canadian income tax purposes. Centerra continues to proactively monitor closely the evolving situation relating to COVID-19 and how it may affect the Company’s business. The Company notes that going forward, in addition to the other factors that the Board of Directors normally considers in connection with the declaration of dividends, it will also need to carefully consider whether, and the extent to which, developments relating to COVID-19 affect its dividend program. In accordance with Centerra’s dividend policy, the timing and quantum of dividends are to be determined by the Board of Directors from time-to-time based on, among other things, the Company’s operating results, cash flow and financial conditions, Centerra’s current and anticipated capital requirements, and general business conditions. About CenterraCenterra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is one of the largest Western-based gold producers in Central Asia. Centerra operates three mines, the Kumtor Mine in the Kyrgyz Republic, the Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine in Turkey. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is based in Toronto, Ontario, Canada. For more information:John W. PearsonVice President, Investor Relations(416) 204-1953john.pearson@centerragold.com Additional information on Centerra is available on the Company’s web site at www.centerragold.com and at SEDAR at www.sedar.com. A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/0a63bd3c-530f-40cf-8a06-8c2511a688a9

2021-02-24 - Yahoo! Finance: RK.V News

Have Insiders Been Buying Rockhaven Resources Ltd. (CVE:RK) Shares?

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that...

2021-02-24 - Yahoo! Finance: CG.TO News

Centerra Gold Records 2020 Net Earnings of $408.5 million or $1.39 per Common Share, Adjusted Net Earnings (Non-GAAP) of $461.9 million or $1.57 per Common Share, Cash from Operations of $930.0 million and Free Cash Flow (Non-GAAP) of $603.8 million

2020 Non - USD Currency Outflows 2020 Non - USD Currency Outflows Key Currencies vs. the US Dollar Key Currencies vs. the US Dollar Kumtor Q4 cash provided by mine operations ($ millions) Kumtor Q4 cash provided by mine operations ($ millions) Kumtor Q4 All-in sustaining costs on a by-product basis per ounce (Non-GAAP) ($) Kumtor Q4 All-in sustaining costs on a by-product basis per ounce (Non-GAAP) ($) Kumtor YTD cash provided by mine operations ($ millions) Kumtor YTD cash provided by mine operations ($ millions) Kumtor YTD All-in sustaining costs on a by-product basis per ounce (Non-GAAP)($) Kumtor YTD All-in sustaining costs on a by-product basis per ounce (Non-GAAP) ($) Water Inventory Water Inventory Mount Milligan QTD cash provided by mine operations ($ millions) Mount Milligan QTD cash provided by mine operations ($ millions) Mount Milligan Q4 All-in sustaining costs on a by-product basis per ounce (Non-GAAP) ($) Mount Milligan Q4 All-in sustaining costs on a by-product basis per ounce (Non-GAAP) ($) Mount Milligan YTD cash provided by mine operations ($ millions) Mount Milligan YTD cash provided by mine operations ($ millions) Mount Milligan YTD All-in sustaining costs on a by-product basis per ounce (Non-GAAP) ($) Mount Milligan YTD All-in sustaining costs on a by-product basis per ounce (Non-GAAP) ($) Moly Oxide Weekly Pricing (Jan 1, 2020 - December 31, 2020) $USD/lb Moly Oxide Weekly Pricing (Jan 1, 2020 - December 31, 2020) $USD/lb All figures are in United States dollars and all production figures are on a 100% basis unless otherwise stated. This news release contains forward looking information regarding Centerra Gold’s business and operations. See “Caution Regarding Forward-Looking Information”. All references in this document denoted with NG, indicate a non-GAAP term which is discussed under “Non-GAAP Measures” and reconciled to the most directly comparable GAAP measure. TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) today reported its fourth quarter 2020 results. Key events and operating results of the fourth quarter and year ended December 31, 2020 included: Net earnings and adjusted net earningsNG for the quarter of $95.2 million, $0.32 per common share (basic), and $104.5 million, $0.35 per common share (basic), respectively. Net earnings and adjusted net earningsNG for the year of $408.5 million, $1.39 per common share (basic) and $461.9 million, $1.57 per common share (basic), respectively.Cash flow from operations and free cash flowNG for the quarter of $182.0 million and $76.8 million, respectively. Cash flow from operations and free cash flowNG for the year of $930.0 million and $603.8 million, respectively.Cash position of $545.2 million at year-end.Gold Production for the quarter of 172,446 ounces and gold production for the year of 824,059 ounces.Copper production for the quarter of 20.4 million pounds and copper production for the year of 82.8 million pounds.Gold production costs for the quarter and year were $474 per ounce and $419 per ounce, respectively.Copper production costs for the quarter and year were $1.24 per pound and $1.18 per pound, respectively.All-in sustaining costs on a by-product basisNG for the quarter and year were $974 per ounce and $729 per ounce, respectively.All-in costs on a by-product basisNG for the quarter and year were $1,352 per ounce and $1,059 per ounce, respectively.Kumtor Mine mineral reserves increased by 107%(1) to 6.3 million contained ounces of gold(2) as at July 1, 2020. A new Kumtor technical report details a new 11-year mine life; consistent annual gold production averaging 590,000 ounces for five years commencing in 2022, and an average life of mine all-in sustaining costs on a by-product basisNG of $828 per ounce and all-in costs on a by-product basisNG of $1,044 per ounce.Mount Milligan achieved record throughput for the quarter and year, averaging 59,762 and 54,827 tonnes per calendar day, respectively.Greenstone property sale announced on December 15, 2020, subsequently closing on January 19, 2021 for final cash consideration received of $210 million and contingent consideration of approximately $75 million(3).Quarterly Dividend declared of CAD$0.05 per common share. (1) Reserve increase calculated by comparing the new 2021 Kumtor Technical Report effective as at July 1, 2020 compared to the December 31, 2019 reserve statement (less mine depletion from January 1, 2020 to June 30, 2020).(2) 73.3 million tonnes at an average gold grade of 2.66 grams per tonne gold (g/t Au) using gold price of $1,350 per ounce.(3) Assuming a gold price of $1,500 per ounce. The Company also announced its full-year 2021 guidance and a three-year outlook. Highlights included: 2021 to 2023 Outlook Highlights•Strong organic gold growth production profile: •2021: 740,000 to 820,000 ounces. •2022: 920,000 to 1,020,000 ounces. •2023: 930,000 to 1,030,000 ounces.•Maintain robust copper production profile: •2021: 70 to 80 million pounds. •2022: 90 to 100 million pounds. •2023: 70 to 80 million pounds. 2021 Guidance Highlights Gold production guidance of 740,000 to 820,000 ounces.Copper production guidance of 70 to 80 million pounds.Gold production costs guidance of $475 to $525 per ounce.All-in sustaining costs on a by-product basisNG guidance of $850 to $900 per ounce is higher than 2020 primarily due to Kumtor processing lower grade material from its stockpiles on surface.All-in costs on a by-product basisNG guidance of $1,175 to $1,230 per ounce.Total capital spending guidance of $430 to $480 million including capitalized stripping is higher than 2020 due to increased spending at Kumtor and Mount Milligan.Total capitalized stripping guidance of $230 to $245 million including $220 to $230 million at Kumtor primarily for mining cut-back 20 and $10 to $15 million at Öksüt.Cash provided by operations guidance of $750 to $800 million (assuming US$1,750 gold price).Free cash flowNG guidance of $350 to $400 million (assuming US$1,750 gold price).Exploration budget of $50 million with approximately 70% focused on brownfield exploration at our three existing operations. Commentary Scott Perry, President and Chief Executive Officer of Centerra stated, “During the fourth quarter, our Öksüt operation continued to demonstrate very high safety performance, achieving the safety milestone of four million consecutive hours without a lost time injury. Additionally, we continue to stay vigilant at all of our operations with rigorous safety protocols to help prevent an outbreak and avoid the spread of the COVID-19 virus.” “In 2020, our three operating mines delivered solid performances, including Mount Milligan’s achievement of its highest level of mill throughput and its highest level of concentrate production since the start of the operations in 2014. The Company favourably exceeded its consolidated gold production and cost guidance, delivering more than 824,000 ounces of gold at an all-in sustaining cost on a by-product basisNG of $729 per ounce sold, which was lower than the low-end of our all-in sustaining cost guidance. Kumtor had another strong year where gold production was at the top end of guidance delivering 556,136 ounces of gold at an all-in-sustaining cost on a by-product basisNG of $741 per ounce sold, which was lower than the low-end of its all-in-sustaining cost guidance. In 2020, Mount Milligan exceeded the upper end of its gold production guidance and achieved its copper production guidance, producing 161,855 ounces of gold and 82.8 million pounds of copper at an all-in-sustaining cost on a by-product basisNG of $541 per ounce sold, which was lower than the low-end of its all-in-sustaining cost guidance. Our Öksüt mine, which only came into commercial production May 31, 2020, favourably exceeded both its gold production and cost guidance, achieving 106,068 ounces of gold production at an all-in-sustaining cost on a by-product basisNG of $494 per ounce, which was lower than the low-end of its all-in-sustaining cost guidance.” “Financially, the Company generated $930.0 million of cash from operations for the year, Öksüt generated $146.1 million, Mount Milligan generated $185.3 million and Kumtor generated $660.6 million. In 2020, $603.8 million of free cash flowNG was generated Company-wide, including $437.9 million of free cash flowNG from Kumtor, $150.2 million from Mount Milligan and $105.2 million from Öksüt. During the year, the Company repaid its debt and ended the year with no debt and cash of $545.2 million. In January 2021, we completed the sale of our 50% interest in the Greenstone Gold Mines Partnership and received a cash payment of approximately $210 million (including adjustments) adding to our strong balance sheet.” “Based on the Company’s financial position, recent strong operating results and cash flows, the Board approved a quarterly dividend to CAD$0.05 per share on February 23, 2021.” “Today, the updated Kumtor Mine Technical Report was filed showcasing an extended mine life for Kumtor. The new Kumtor life-of-mine adds significantly to the open pit reserves and has extended Kumtor’s mine life by 5 years. The new mine life is 11 years and milling operations are extended to 2031. The new life of mine plan has consistent annual gold production averaging 590,000 ounces for 5 years commencing in 2022 at an average life of mine all-in sustaining costs on a by-product basisNG of $828 per ounce sold.” “For 2021, we are estimating consolidated gold production to be in the range of 740,000 to 820,000 ounces and 70 to 80 million pounds of copper production. Centerra’s consolidated all-in sustaining cost on a by-product basisNG for 2021 is expected to be in the range of $850 to $900 per ounce. We also announced our inaugural three-year outlook which reflects a growing gold production profile in 2022 and 2023. This brings Centerra close to expected annual gold production of approximately one million ounces with a declining cost profile which is expected to generate significant diversified free cash flowNG from our operations.” COVID-19 Update Centerra continues to prioritize the health, safety and well-being of its employees, contractors, communities, and other stakeholders during the current outbreak of COVID-19 and to take steps to minimize the effect of the pandemic on its business. The Company has established strict COVID-19 protocols at its mine sites to help prevent infection and reduce the potential transmission of COVID-19. The company has also implemented travel restrictions and has temporarily closed various administration offices including its head office in Toronto. In addition, operating mine sites continue to assess the resiliency of their supply chains, increase mine site inventories of key materials and develop and implement contingency plans to allow for continued operations. COVID-19 has not materially affected Centerra’s operations as employee absences due to COVID-19 and other illnesses have so far been successfully managed. The Company notes that the effects of COVID-19 on its business continue to change rapidly. The measures enacted to date reflect the Company’s best assessment at this time but will remain flexible and be revised as necessary or advisable and/or as recommended by the public health and governmental authorities. To date, the Company has incurred incremental COVID-19 related costs of $3.0 million. About Centerra Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is one of the largest Western-based gold producers in Central Asia. Centerra operates three mines, the Kumtor mine in the Kyrgyz Republic, the Mount Milligan mine in British Columbia, Canada and the Öksüt mine in Turkey. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is based in Toronto, Ontario, Canada. Conference Call Centerra invites you to join its 2020 fourth quarter conference call on Wednesday, February 24, 2021 at 9:00 AM Eastern Time. The call is open to all investors and the media. To join the call, please dial toll-free in North America 1 (888) 754-4430. International participants may access the call at +1 (416) 641-6701. Results summary slides are available on Centerra Gold’s website at www.centerragold.com. Alternatively, an audio feed webcast will be broadcast live by Intrado and can be accessed live at Centerra Gold’s website at www.centerragold.com. A recording of the call will be available on www.centerragold.com shortly after the call and via telephone until midnight Eastern Time on March 3, 2021 by calling +1 (416) 626-4100 or 1 (800) 558-5253 and using passcode 21989633. For more information: John W. Pearson Vice President, Investor Relations Centerra Gold Inc. (416) 204-1953 john.pearson@centerragold.com Additional information on Centerra is available on the Company’s web site at www.centerragold.com and at SEDAR at www.sedar.com. A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/0a10f8e1-e3be-48df-8b4f-83e19487c1d7 Management’s Discussion and Analysis For the Period Ended December 31, 2020 This Management Discussion and Analysis (“MD&A”) has been prepared as of February 23, 2021 and is intended to provide a review of the financial position and results of operations of Centerra Gold Inc. (“Centerra” or the “Company”) for the three and twelve months ended December 31, 2020 in comparison with the corresponding periods ended December 31, 2019. This discussion should be read in conjunction with the Company’s audited financial statements and the notes thereto for the year ended December 31, 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). The Company’s audited financial statements and the notes thereto for the year ended December 31, 2020, are available at www.centerragold.com and on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com. In addition, this discussion contains forward looking information regarding Centerra’s business and operations. Such forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. See “Caution Regarding Forward-Looking Information” in this discussion. All dollar amounts are expressed in United States dollars (“USD”), except as otherwise indicated. All references in this document denoted with NG indicate a non-GAAP term which is discussed under “Non-GAAP Measures” and reconciled to the most directly comparable GAAP measure. Caution Regarding Forward-Looking Information Information contained in this document which are not statements of historical facts, and the documents incorporated by reference herein, may be “forward-looking information” for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: statements regarding 2021-2023 Outlook and 2021 Guidance, including guidance on production, cost and capital spend in 2021, and the assumptions used in preparing; the impact, if any, of the Kyrgyz Parliamentary election and the aftermath on the Kumtor mine; planned exploration in 2021; possible impacts to its operations relating to COVID-19; the Company’s expectations regarding having sufficient liquidity for 2021; the Company’s expectation regarding having sufficient water at Mount Milligan in the medium term, and its plans for a long term solution; and expectations regarding litigation involving the Company including the HRS litigation impacting the Mount Milligan mine. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Centerra, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: (A) strategic, legal, planning and other risks, including: political risks associated with the Company’s operations in the Kyrgyz Republic, Turkey and Canada; the failure of the Kyrgyz Republic Government to comply with its continuing obligations under the Strategic Agreement, including the requirement that it comply at all times with its obligations under the Kumtor Project Agreements, allow for the continued operation of the Kumtor mine by KGC and KOC and not take any expropriation action against the Kumtor mine; actions by the Kyrgyz Republic Government or any state agency or the General Prosecutor's Office that serve to restrict or otherwise interfere with the payment of funds by KGC and KOC to Centerra; resource nationalism including the management of external stakeholder expectations; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices, including unjustified civil or criminal action against the Company, its affiliates or its current or former employees; risks that community activism may result in increased contributory demands or business interruptions; the risks related to outstanding litigation affecting the Company; the impact of the delay by relevant government agencies to provide required approvals, expertise and permits; potential impact on the Kumtor Project of investigations by Kyrgyz Republic instrumentalities; the impact of constitutional changes in Turkey; the impact of any sanctions imposed by Canada, the United States or other jurisdictions against various Russian and Turkish individuals and entities; potential defects of title in the Company’s properties that are not known as of the date hereof; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances; the presence of a significant shareholder that is a state-owned company of the Kyrgyz Republic; risks related to anti-corruption legislation; risks related to the concentration of assets in Central Asia; Centerra not being able to replace mineral reserves; Indigenous claims and consultative issues relating to the Company’s properties which are in proximity to Indigenous communities; and potential risks related to kidnapping or acts of terrorism; (B) risks relating to financial matters, including: sensitivity of the Company’s business to the volatility of gold, copper and other mineral prices, the use of provisionally-priced sales contracts for production at Mount Milligan, reliance on a few key customers for the gold-copper concentrate at Mount Milligan and at Kumtor there is reliance on Kyrgyzaltyn, as Centerra sells all of its gold doré produced from the Kumtor Mine to Kyrgyzaltyn pursuant to the Restated Gold and Silver Sale Agreement; use of commodity derivatives, the imprecision of the Company’s mineral reserves and resources estimates and the assumptions they rely on, the accuracy of the Company’s production and cost estimates, the impact of restrictive covenants in the Company’s credit facilities which may, among other things, restrict the Company from pursuing certain business activities or making distributions from its subsidiaries, the Company’s ability to obtain future financing, the impact of global financial conditions, the impact of currency fluctuations, the effect of market conditions on the Company’s short-term investments, the Company’s ability to make payments including any payments of principal and interest on the Company’s debt facilities depends on the cash flow of its subsidiaries; and (C) risks related to operational matters and geotechnical issues and the Company’s continued ability to successfully manage such matters, including the stability of the pit walls at our operations, the movement of the Davidov Glacier, waste and ice movement and continued performance of the buttress at the Kumtor mine; the occurrence of further ground movements at the Kumtor mine and mechanical availability; the risk of having sufficient water to continue operations at the Mount Milligan mine and achieve expected mill throughput; changes to, or delays in, transportation routes, including cessation or disruption in rail and shipping networks whether caused by decisions of third party providers or force majeure events (including COVID-19); the success of the Company’s future exploration and development activities, including the financial and political risks inherent in carrying out exploration activities; inherent risks associated with the use of sodium cyanide in the mining operations; the adequacy of the Company’s insurance to mitigate operational risks; mechanical breakdowns; the Company’s ability to replace its mineral reserves; the occurrence of any labour unrest or disturbance and the ability of the Company to successfully re-negotiate collective agreements when required; the risk that Centerra’s workforce and operations may be exposed to widespread epidemic including, but not limited to, the COVID-19 pandemic; seismic activity in the vicinity of the Company’s properties; long lead times required for equipment and supplies given the remote location of some of the Company’s operating properties; reliance on a limited number of suppliers for certain consumables, equipment and components; the ability of the Company to address physical and transition risks from climate change and sufficiently manage stakeholder expectations on climate-related issues; the Company’s ability to accurately predict decommissioning and reclamation costs; the Company’s ability to attract and retain qualified personnel; competition for mineral acquisition opportunities; risks associated with the conduct of joint ventures/partnerships; and the Company’s ability to manage its projects effectively and to mitigate the potential lack of availability of contractors, budget and timing overruns and project resources. For additional risk factors, please see section titled “Risks Factors” in the Company’s most recently filed Annual Information Form available on SEDAR at www.sedar.com. There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Centerra, and prospective investors should not place undue reliance on forward looking information. Forward-looking information is as of February 23, 2021. Centerra assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law. TABLE OF CONTENTS Overview10Consolidated Financial and Operational Highlights11Overview of Consolidated Results12Outlook14Risks That Can Affect Our Business22Financial Performance24Balance Sheet Review26Market Conditions28Financial Instruments31Operating Mines and Facilities32Pre-Development Projects48Quarterly Results – Previous Eight Quarters49Related party transactions50Contingencies51Contractual Obligations53Accounting Estimates, Policies and Changes53Disclosure Controls and Procedures and Internal Control Over Financial Reporting54Non-GAAP Measures54Qualified Person & QA/QC – Production, Mineral Reserves and Mineral Resources59Mineral Reserves and Mineral Resources60 Overview Centerra is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties worldwide and is one of the largest Western-based gold producers in Central Asia. Centerra’s principal operations are the Kumtor Gold Mine located in the Kyrgyz Republic, the Mount Milligan Gold-Copper Mine located in British Columbia, Canada, and the Öksüt Gold Mine located in Turkey. The Company has one property in Canada in the pre-development stage, the Kemess Underground Gold Property. The Company sold its interest in the Greenstone Gold Mines Partnership, which included its interest in the Hardrock deposit, effective January 19, 2021, and as a result, treated it as available for sale as at December 31, 2020. The Company owns exploration properties in Canada, the United States of America and Turkey and has options to acquire exploration joint venture properties in Canada, Finland, Turkey, and the United States of America. The Company owns various assets within its Molybdenum Business Unit, particularly the Langeloth metallurgical processing facility in Pennsylvania, United States of America and two primary molybdenum mines currently on care and maintenance, Thompson Creek Mine in Idaho, United States of America, and the Endako Mine (75% ownership) in British Columbia, Canada. As of December 31, 2020, Centerra’s significant subsidiaries are as follows: CurrentPropertyEntityProperty - LocationStatusOwnershipKumtor Gold Company (“KGC”)Kumtor Mine - Kyrgyz RepublicOperation100% Thompson Creek Metals Company Inc.Mount Milligan Mine - CanadaOperation100% Öksüt Madencilik A.S. (“OMAS”)Öksüt Mine - TurkeyOperation100% Langeloth Metallurgical Company LLCLangeloth - United StatesOperation100% AuRico Metals Inc.Kemess Underground Project - CanadaPre-development100% Greenstone Gold Mines LP (“Greenstone”)Greenstone Gold Property - CanadaAvailable for sale(1)50% Thompson Creek Mining Co.Thompson Creek Mine - United StatesCare and Maintenance100% Thompson Creek Metals Company Inc.Endako Mine - CanadaCare and Maintenance75% (1) Property divestment completed on January 19th, 2021. Centerra’s common shares are listed for trading on the Toronto Stock Exchange under the symbol CG. As of February 23, 2021, there are 295,856,546 common shares issued and outstanding, options to acquire 3,251,500 common shares outstanding under its stock option plan and 936,947 units outstanding under its restricted share unit plan (exercisable on a 1:1 basis for common shares). The Company reports the results of its operations in U.S. dollars, however not all of its costs are incurred in U.S. dollars. As such, the movement in exchange rates between currencies in which the Company incurs costs and the U.S. dollar also impacts reported costs of the Company. Consolidated Financial and Operational Highlights Unaudited ($ millions, except as noted)Three months ended December 31Twelve months ended December 31Financial Highlights 2020 2019% Change 2020 201920182020 vs 2019 %ChangeRevenue$386.8$312.524%$1,688.7$1,375.31,129.323%Production costs 138.3 149.4(7%) 590.6 676.6578.4(13%)Standby costs - 9.1(100%) 6.7 9.110.8(26%)Depreciation, depletion and amortization 65.1 59.310% 305.3 239.6196.927%Earnings from mine operations 183.4 94.794% 786.1 450.1343.375% Net earnings (loss)$95.2$(12.2)880%$408.5$(93.5)107.5537%Adjusted net earnings(1)$104.5$22.3369%$461.9$181.5118.1154% Cash provided by operations 182.0 92.597% 930.0 334.1217.5178%Adjusted cash provided by operations(1) 182.0 92.597% 935.0 396.7221.9136%Cash provided by operations before changes in working capital 187.8 93.0102% 852.7 398.5341.4114%Free cash flow (deficit)(1) 76.8 (0.4)100% 603.8 34.7(68.4)1640%Adjusted free cash flow(1) 76.8 (0.4)100% 608.8 97.3(64.0)526%Sustaining capital expenditures(2) 33.7 16.7102% 97.7 74.286.832%Non-sustaining capital expenditures(2)(3) 20.2 42.3(52%) 69.8 148.997.7(53%)Capitalized stripping(2) 55.3 28.296% 154.0 76.5103.9101% Total assets$3,136.0$2,701.716%$3,136.0$2,701.72,826.716%Long-term debt and lease obligations 14.3 88.3(84%) 14.3 88.3183.5(84%)Cash, cash equivalents and restricted cash(4) 547.9 70.7675% 547.9 70.7179.2675% Per Share Data Earnings per common share - $ basic (5)$0.32$(0.04)900%$1.39$(0.32)0.37534%Adjusted net earnings per common share - $ basic (1)(5)$0.35$0.08338%$1.57$0.620.40153% Per Ounce Data (except as noted) Average gold spot price ($/oz)(6) 1,876 1,48327% 1,772 1,3931,26927%Average realized gold price ($/oz sold)(1)(6) 1,760 1,40325% 1,670 1,3091,17528%Average copper spot price ($/lb)(6) 3.27 2.6822% 2.80 2.732.963%Average realized copper price ($/lb sold)(1)(6) 2.79 2.2325% 2.22 2.092.026% Operating Highlights Gold produced (oz) 172,446 194,507(11%) 824,059 783,308729,5565%Gold sold (oz) 169,950 169,8920% 828,816 780,654709,3306%Copper produced (000's lb) 20,376 18,07913% 82,816 71,14647,09116%Copper sold (000's lb) 18,975 14,30133% 80,477 67,43044,37019% Unit Costs Gold production costs ($/oz sold)(7)$474$4554%$419$465464(10%)Gold - All-in sustaining costs on a by-product basis ($/oz sold)(1)(7)$974$79922%$729$7087543%Gold - All-in costs on a by-product basis ($ /oz sold)(1)(7)$1,352$1,3312%$1,059$1,1261,100(6%)Gold - All-in sustaining costs on a co-product basis($/oz sold)(1)(7)$1,073$82929%$799$7377508%Copper production costs ($/lb sold)(7)$1.24$1.50(17%)$1.18$1.461.26(19%)Copper - All-in sustaining costs on a co-product basis – ($/lb)(1)(7)$1.79$2.28(21%)$1.47 $1.851.77(21%) (1) Non-GAAP measure. See discussion under “Non-GAAP Measures”.(2) Capital expenditures are presented on a cash basis.(3) Non-sustaining capital expenditures are distinct projects designed to have a significant increase in the net present value of the mine. In the current year, non-sustaining capital expenditures included construction costs related to the Öksüt mine and additional costs related to cut-back 20 at the Kumtor mine.(4) Includes restricted cash of $2.7 million as at December 31, 2020 (December 31, 2019: $28.0 million and December 31, 2018: $27.5 million).(5) As at December 31 2020, the Company had 295,827,906 common shares issued and outstanding.(6) Average for the period as reported by the London Bullion Market Association (US dollar Gold P.M. Fix Rate) and London Metal Exchange (LME).(7) Combines streamed and unstreamed amounts. Overview of Consolidated Results Fourth Quarter 2020 compared to Fourth Quarter 2019 Net earnings of $95.2 million and adjusted net earningsNG of $104.5 million were recognized in the fourth quarter of 2020, compared to a net loss of $12.2 million and adjusted net earningsNG of $22.3 million in the fourth quarter of 2019. The increase in adjusted net earningsNG was due to contributions from the new Öksüt mine in 2020 with 39,380 gold ounces sold in the fourth quarter, 25% higher average realized prices for both gold and copper and lower production and depreciation costs at Kumtor, partially offset by decreased gold ounces sold at Kumtor and higher depreciation costs at the Mount Milligan mine. Cash provided by operations was $182.0 million in the fourth quarter of 2020, compared to cash provided by operations of $92.5 million in the fourth quarter of 2019. The increase in cash provided by operations was due to increased earnings from mine operations including earnings from the Öksüt mine which began production in 2020 and increased cash from working capital due to the processing of previously built-up stockpiles at the Kumtor mine. Free cash flowNG of $76.8 million was recognized in the fourth quarter of 2020 compared to a free cash flow deficitNG of $0.4 million in the fourth quarter of 2019. The increase in free cash flowNG was due to higher cash provided by operations and lower non-sustaining capital expenditures as construction of the Öksüt mine was completed, partially offset by increased capitalized stripping at Kumtor and greater sustaining capital at the Mount Milligan and Kumtor mines. Year ended December 31, 2020 compared to 2019 Net earnings were $408.5 million and adjusted net earningsNG were $461.9 million in 2020, compared to a net loss of $93.5 million and adjusted net earningsNG of $181.5 million in 2019. The increase in adjusted net earningsNG was due to contributions from the new Öksüt mine, 28% higher realized gold prices, increased copper pounds sold at Mount Milligan and lower production costs at both Kumtor and Mount Milligan. This was partially offset by lower gold ounces sold and an increase in depreciation costs at the Kumtor and Mount Milligan mines. Significant adjusting items to net earnings in 2020 include: $53.4 million asset retirement obligation (“ARO”) expense at the non-operating sites due to a significant decrease in the risk-free rate assumption, and Significant adjusting items to the net loss in 2019 include: $230.5 million impairment charge on the assets at the Mount Milligan mine,$34.5 million ARO expense at the non-operating sites due to a significant change in the risk-free rate assumption, and$10.0 million charge relating to the completion of the Strategic Agreement with the Kyrgyz Government. Cash provided by operations of $930.0 million and adjusted cash provided by operationsNG of $935.0 million were recognized in 2020, compared to cash provided by operations of $334.1 million and adjusted cash provided by operationsNG of $396.7 million in 2019. The increase in cash provided by operations was due to increased earnings from mine operations in 2020 including contributions from the Öksüt mine, increased cash from working capital from processing of stockpiles at Kumtor and a $22.8 million tax refund collected by the Molybdenum business unit, partially offset by a greater Kyrgyz Republic settlement payment. Free cash flowNG of $603.8 million and adjusted free cash flowNG of $608.8 million was recognized in 2020 compared to free cash flowNG of $34.7 million and adjusted free cash flowNG of $97.3 million in 2019. The increase in adjusted free cash flowNG was due to higher cash provided by operations and lower non-sustaining capital expenditures as construction at the Öksüt mine was completed, partially offset by an increase in capitalized stripping at the Kumtor mine. Safety and EnvironmentDuring the fourth quarter of 2020, the Öksüt mine achieved four million work hours without a lost time injury. There were nine reportable injuries company-wide in the fourth quarter of 2020, including one lost time injury, six medical aid injuries and two restricted work injuries. During 2020, Centerra incurred thirty-seven reportable injuries, including one fatal injury, ten lost time injuries, eighteen medical aid injuries and eight restricted work injuries. Centerra has implemented a number of proactive measures to prevent infection and reduce the spread of COVID-19 for the health and safety of its employees, contractors, communities and other stakeholders. There were no reportable incidents to the environment in the fourth quarter of 2020. For the year-ended December 31, 2020, there was one reportable incident to the environment as reported in the third quarter of 2020. Outlook 2021 - 2023 OutlookSee “Material Assumptions” for material assumptions or factors used to forecast production and costs. The Company’s three-year outlook is set out in the following table: Units2020202120222023ActualGuidanceOutlookOutlookGold Production(Koz) Kumtor 556470 - 510540 - 590550 - 600Mount Milligan(1) 162180 - 200170 - 190180 - 210Öksüt 10690 - 110210 - 240200 - 220Consolidated Gold Production(Koz)824740 - 820920 - 1,020930 - 1,030Copper Production(1) (Mlb)8370 - 8090 - 10070 - 80Gold production costs(3)($/oz)419475 - 525390 - 440385 - 435All-in sustaining costs on a by-product basis(2),(3) 729850 - 900630 - 680700 - 750All-in sustaining costs on a by-product basis including revenue-based taxes(2),(3),(4) 8971,010 - 1,065775 - 835855 - 905All-in costs on a by-product basis(2),(3) 1,0591,175 - 1,230875 - 935925 - 975Capital Expenditures($M) Sustaining capital expenditures 98130 - 150130 - 145100 - 115Non-sustaining capital expenditures(5) 7070 - 8535 - 5010 - 25Capitalized stripping costs(6) 194230 - 245155 - 175270 - 290Total Capital Expenditures($M)362430 - 480320 - 370380 - 430Outlook Assumptions(7) Gold Price ($/oz) 1,7501,7501,750Copper Price ($/lb) 3.363.403.40Canadian Dollar(CAD/USD) 1.311.271.25 (1)Mount Milligan production and ounces sold are on a 100% basis. The Mount Milligan Streaming Arrangement entitles Royal Gold to 35% and 18.75% of gold and copper sales, respectively, from the Mount Milligan Mine. Under the Mount Milligan Streaming Arrangement, Royal Gold will pay $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered. Assuming a market gold price of $1,750 per ounce and a market copper price of $3.36 per pound, Mount Milligan’s average realized gold and copper price would be $1,290 per ounce and $2.82 per pound, respectively.(2)Non-GAAP measure and is discussed under “Non-GAAP Measures”.(3)Figures are for consolidated Centerra Gold.(4)Includes only revenue-based taxes at Kumtor.(5)Non-sustaining capital expenditures are distinct projects designed to have a significant increase the net present value of the mine.(6)Presented capitalized stripping includes a cash and non-cash component.(7)Copper price for 2021 and CAD/USD exchange rates for 2021 and 2022, giving effect to hedges in place as at December 31, 2020. Kumtor Centerra expects an increasing gold production profile at Kumtor over the 2021-2023 period. While the mid-point of gold production in 2021 is expected to be approximately 12% lower than 2020 gold production at the mine, Centerra expects 2022-2023 gold production levels to return to or exceed 2020 levels. Expansion of the mine fleet capacity is expected to allow Kumtor to exceed 2019 mining levels. 2021 capital expenditures are forecast to be less than what is reported in the 2021 Kumtor Technical Report due to eight haul truck purchases being deferred to 2022. Mill improvement projects, including a tower mill project for regrinding of flotation tails is expected to allow Kumtor to achieve higher targeted gold production levels. Gold production and all-in sustaining costs on a by-product basisNG over the three-year period are expected to reflect a growing gold production profile with unit costs per ounce fluctuating primarily due to changes in gold production. Mount MilliganCenterra expects strong gold and copper production at Mount Milligan over the 2021-2023 period. The Mount Milligan mill is expected to maintain a stable average daily throughput of approximately 60,000 tonnes per day, the maximum permitted rate. Installation of staged flotation reactors are expected to contribute to achieving targeted gold and copper production levels in 2022 and beyond. All-in sustaining costs on a by-product basisNG is expected to be at or below 2020 levels over the three-year period. Centerra expects to have adequate water inventory levels for targeted throughput and is working with government regulators, its First Nations partners, and other stakeholders to maintain access to its existing water resources and secure a stable long-term water solution. The long-term water solution is expected to require additional infrastructure, the capital for which is not included in the capital expenditure guidance. Mount Milligan’s current water level is in excess of 6 million cubic metres. ÖksütGold production at Öksüt in 2021 is expected to be approximately the same as 2020 levels, whereas in 2022 and 2023 gold production is expected to benefit from mining and processing higher grade ore from the Güneytepe pit subject to receipt of all required permits. Construction of Phase 2 of the heap leach pad is expected to be completed by the end of 2021, and with the expanded heap leach capacity, it is expected to be sufficient to achieve targeted gold production in 2022 and 2023. As the Güneytepe pit ore becomes available, the average grade of ore stacked to the heap leach pad is estimated to increase to approximately 2.22 g/t gold (Au) during 2022 and 2023 compared to the estimated 1.27 g/t Au in 2021 and the actual stacked grade of 1.40 g/t Au in 2020. Gold production and all-in sustaining costsNG profiles over the three-year period are expected to reflect a growing gold production profile with unit costs per ounce reducing with the increases in gold production. 2021 Guidance 2021 Gold Production GuidanceCenterra’s 2021 gold production is expected to be between 740,000 to 820,000 ounces. KumtorKumtor gold production in 2021 is expected to be in the range of 470,000 to 510,000 ounces and reflects lower average grades in the ore stockpiles available for processing compared to 2020. Gold production is expected to rise steadily throughout the year with the first quarter of 2021 contributing approximately 15% of annual gold production rising to approximately 35% in the fourth quarter of 2021. Total tonnes mined are expected to increase to a rate of approximately 550,000 tonnes per day from the average mining rate of 280,000 tonnes per day in 2020 due to the addition of new mining equipment, a resumption of waste rock dumping at the Lysii waste rock dump and fewer expected restrictions due to COVID-19. Mine operations are expected to be focused mainly on waste stripping from cut-back 20 during the first half of 2021, accessing greater amounts of ore in the second half of the year and accessing the high-grade ore in the fourth quarter. The Kumtor mill is scheduling a 6-day mill maintenance shutdown in the third quarter of the year to complete a replacement of the regrind mill motor and carry out SAG mill and regrind mill relines and other maintenance work. Mount MilliganAt Mount Milligan, the Company expects to achieve an average daily throughput of approximately 60,000 tonnes per calendar day. Mill maintenance downtimes are scheduled for the first quarter (5 days) and third quarter (4 days) to complete SAG Mill reline replacements and other maintenance work. Mount Milligan’s total (streamed and unstreamed) gold production is forecast to be in the range of 180,000 to 200,000 ounces. Gold and copper production is expected to be slightly back-end weighted in 2021 with the first half of the year representing 45% or more of the 2021 annual metal production total while the second half of the year will represent up to 55% of the 2021 annual metal production total. The Company plans to continue to work on continuous improvement projects in 2021, including secondary crusher improvements and the installation of staged flotation reactors which is expected to improve metal recoveries in future years. ÖksütAt Öksüt, 2021 will be the first full year of operations and gold production is expected to be in the range of 90,000 to 110,000 ounces. Gold production is expected to be back-end weighted in 2021 with the first half of the year representing 35% or more of the 2021 annual gold production total while the second half of the year will represent up to 65% of the 2021 annual gold production total. Mining will continue at the Keltepe pit in 2021 while the Güneytepe pit is expected to be developed from early 2022 assuming receipt of the forestry permit from the local authorities. The average grade of ore stacked to the heap leach pad in 2021 is expected to be approximately 1.27 g/t Au, which is lower than the average grade of ore stacked in 2020 of approximately 1.40 g/t Au. In 2021, Öksüt is expected to achieve a project-to-date accumulated heap leach recovery of 75%. The Company continues with construction of Phase 2 of the heap leach facility, where excavation has been completed and the Company is currently carrying out levelling activities with clay placement expected to start in May 2021. 2021 Copper Production GuidanceCenterra expects total (streamed and unstreamed) copper production from the Mount Milligan mine to be in the range of 70 to 80 million pounds. Centerra’s 2021 production is currently forecast as follows: UnitsKumtorMount Milligan(1)Öksüt Centerra ConsolidatedGold Unstreamed Gold Production(Koz)470-510117-13090-110677-750Streamed Gold Production(1)(Koz)-63-70-63-70Total Gold Production(2)(Koz)470-510180-20090-110740-820 Copper Unstreamed Copper Production(Mlb)-57-65-57-65Streamed Copper Production(1)(Mlb)-13-15-13-15Total Copper Production(3)(Mlb)-70-80-70-80 (1)The Mount Milligan Streaming Arrangement entitles Royal Gold to 35% and 18.75% of gold and copper sales, respectively, from the Mount Milligan mine. Under the Mount Milligan Streaming Arrangement, Royal Gold will pay $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered.(2)Gold production assumes recoveries of 81.9% at Kumtor, 63.9% at Mount Milligan and approximately 75% at Öksüt.(3)Copper production assumes 78.8% recovery for copper at Mount Milligan. 2021 Sales, All-in Sustaining and All-in Unit Costs GuidanceNG Centerra’s 2021 sales, all-in sustaining costs per ounceNG calculated on a by-product and co-product basis, and all-in costs per ounceNG calculated on a by-product basis are forecasted as follows: UnitsKumtorMount MilliganÖksütCenterra Consolidated(2)Ounces of gold sold(Koz)470 - 510180 - 20090 - 110740 - 820Gold production costs($/oz)400 - 450650 -700500 - 550475 - 525All-in sustaining costs on a by-product basis(1)($/oz)950 - 1,000530 - 580730 - 780850 - 900Revenue-based taxes($/oz)250 - 255--160 - 165All-in sustaining costs on a by-product basis, including revenue-based taxes (1), (2), (3)($/oz)1,200 - 1,255530 - 580730 - 7801,010 - 1,065All-in costs on a by-product basis(1),(2),(3)($/oz)1,365 - 1,420590 - 640790 - 8401,175 - 1,230Gold - All-in sustaining costs on a co-product basis(1),(2)($/oz)950 - 1,000910 - 1,025730 - 780950 - 1,055Copper production costs($/lb)-1.30-1.45-1.30-1.45Copper - All-in sustaining costs on a co-product basis (1),(2)($/lb)-1.75-1.95-1.75-1.95 (1)All-in sustaining costs and all-in costs on a by-product and co-product basis are non-GAAP measures and are discussed under “Non-GAAP Measures”. Gold production cost per ounce is different from the all-in sustaining costs on a by-product basis measure and is considered the nearest GAAP measure.(2)Mount Milligan production and ounces sold are on a 100% basis (the Mount Milligan Streaming Arrangement entitles Royal Gold to 35% and 18.75% of gold and copper sales, respectively). Unit costs and consolidated unit costs include a credit for forecasted copper sales treated as by-product for all-in sustaining costs and all-in sustaining costs including revenue-based taxes. Production for copper and gold reflects estimated metallurgical losses resulting from handling of the concentrate and metal deductions, subject to metal content, levied by smelters.(3)Includes revenue-based taxes at Kumtor. Gold production costs are expected to increase to $475 to $525 per ounce range up from 2020 consolidated gold production costs of $419 per ounce due to higher operating costs at Kumtor and Öksüt, lower gold production at Kumtor and lower copper production at Mount Milligan. Consolidated all-in sustaining costs on a by-product basisNG are expected to be in the range of $850 to $900 per ounce. Kumtor’s all-in sustaining costs on a by-product basisNG are expected to increase to $950 to $1,000 per ounce range driven by lower gold production and higher capitalized stripping and mining costs reflecting the expansion of mining activities. Mount Milligan’s all-in sustaining costs on a by-product basisNG are expected to be in line with 2020 levels as higher production costs attributable to increased mill throughput are offset by higher gold production and a higher credit for copper sales. Öksüt’s all-in sustaining costs on a by-product basisNG are expected to increase to a range of $730 to $780 per ounce, reflecting lower ore grades, higher sustaining capital expenditures and capitalized stripping costs compared to 2020. Consolidated all-in costs on a by-product basisNG are expected to be in the range of $1,175 to $1,230 per ounce. Kumtor’s all-in costs on a by-product basisNG are expected to be in the range of $1,365 to $1,420 per ounce due to lower gold production, higher all-in sustaining costs, increases in non-sustaining capital and site exploration expenditures planned for 2021. Mount Milligan’s all-in costs on a by-product basisNG of $590 to $640 per ounce are expected to be in line with 2020. Öksüt’s all-in costs on a by-product basisNG are expected to be between $790 to $840 per ounce reflecting the higher all-in sustaining costs offset by lower non-sustaining capital expenditures planned for 2021. Consolidated cash flow provided by operations and consolidated free cash flow NG are expected to be in the range of $750 to $800 million and the range of $350 to $400 million (assuming US$1,750 gold price), respectively. 2021 Capital Expenditures Projected capital expenditures is currently forecast as follows: Capitalized Sustaining Non-sustaining Projects ($ millions)StrippingCapitalCapital(1)TotalKumtor mine(2)220 - 23055 - 65 60 - 70 335 - 365Mount Milligan mine-65 - 70 5 - 1070 - 80Öksüt mine(2) 10 - 15 5 - 10 15 - 25Other(3)-5510Consolidated Total230-245130-15070-85430-480 1)Non-sustaining capital expenditures are distinct projects designed to increase the net present value of the mine.2)Capitalized stripping costs include cash components of $185 to $205 million at Kumtor mine, and $10 to $15 million at Öksüt mine.3)Non-sustaining capital relates to the completion of construction at Öksüt and development activities at Kemess Underground Project. Kumtor Sustaining capital expenditure is projected at $55 to $65 million in 2021 and relates primarily to major overhauls, purchase of mining equipment, replacement of regrind mill motor, and dewatering projects. Non-sustaining capital investment at Kumtor for 2021 is forecast at $60 to $70 million which includes, expansion of the leach circuit, the tower mill project for regrinding of flotation tails to improve future recoveries, and additional capital expenditures for mine life extension related to development of the cut-back 21 and Hockey Stick zones, including mine fleet expansion and raising of the tailings dam. The cash component of capitalized stripping costs related to the development of the open pit is expected to be $185 to $205 million of the $220 to $230 million range for total capitalized stripping costs. Mount MilliganSustaining capital expenditure in 2021 is forecast to be $65 to $70 million and relate primarily to tailings storage facility costs, major overhauls and water management costs. Non-sustaining capital investment at Mount Milligan for 2021 is forecast at $5 to $10 million for the installation of staged flotation reactors to improve future metal recoveries. ÖksütIn 2021 sustaining capital spending is estimated to be $5 to $10 million and relates primarily to the costs for construction of the Phase 2 heap leach expansion, and electric equipment costs. The cash component of capitalized stripping costs related to the development of the open pit is expected to be $10 to $15 million representing 100% of total capitalized stripping costs. Kemess Underground Project In 2021, total spending at the Kemess Underground Project is estimated at approximately $13 to $15 million, including $11 million for care and maintenance activities. Molybdenum Business Unit In 2021, the Langeloth metallurgical roasting facility is expected to generate sufficient operating margins to cover the care and maintenance costs of the Endako mine and the Thompson Creek mine. Care and maintenance expenses related to the Molybdenum unit are currently estimated to be between $14 and $15 million for 2021 and the Company’s assumed molybdenum price is $9.00 per pound. 2021 Exploration Expenditures Planned exploration expenditures for 2021 are expected to be $50 million, including approximately $34 million for brownfields exploration (Kumtor - $21 million, Mount Milligan - $6 million, Öksüt - $3.5 million and Kemess - $3 million) and the balance for greenfields and generative exploration programs. 2021 Corporate Administration Corporate and administration expense for 2021 is forecast to be between $35 million and $40 million (including $8 million to $10 million of stock-based compensation expense). 2021 Depreciation, Depletion and AmortizationConsolidated depreciation, depletion, and amortization (DD&A) expense included in costs of sales expense for 2021 is forecasted to be in the range of $240 to $270 million, including Kumtor’s DD&A expense of $150 to $170 million, Mount Milligan’s DD&A expense of $55 million to $65 million, and Öksüt’s DD&A expense of $25 to $35 million. 2021 Taxes Pursuant to the Restated Investment Agreement, Kumtor’s operations are not subject to corporate income taxes. Instead, the Restated Investment Agreement imposes a tax of 13% on gross revenue plus 1% of gross revenue payable to the Issyk-Kul Development Fund. The Mount Milligan operations are subject to corporate income tax and British Columbia mineral tax. The British Columbia mineral tax is forecast to be between $7 and $9 million. At Öksüt, income tax is expected to be between $1 to $2 million. At the Canadian parent company level, corporate income tax for 2021 is forecast to be nil. 2021 SensitivitiesCenterra’s revenues, earnings, and cash flows for 2021 are sensitive to changes in certain key inputs or currencies. The Company has estimated the impact of any such changes on revenues, net earnings, and cash flows. Impact on($ millions) Impact on ($ per ounce sold)Production Costs & TaxesCapital CostsRevenuesCash flowsNet Earnings (after tax)AISC(2)(3) on by-product basisGold price$50/oz5.5 - 6.0-34.0 - 37.528.5 - 31.528.5 - 31.52.5 - 3.0Copper price(4)10%0.1 - 0.5-3.0 - 5.53.0 - 5.03.0 - 5.06.0 - 7.0Diesel fuel(3)10%5.5- 7.011.5 - 14.0-17.0 - 21.05.5 - 7.023.0 - 25.5Kyrgyz som(1)1 som1.0 - 2.0--1.0 - 2.01.0 - 2.02.0 - 2.5Canadian dollar(1)(3)10 cents9.5 - 11.01.5 - 2.0-11.0 - 13.09.5 - 11.014.5 - 16.0Turkish lira(1)1 lira3.0 - 4.00.5 - 1.0-3.5 - 5.03.0 - 4.05.5 - 6.0 (1)Appreciation of currency against the U.S. dollar will result in higher costs and lower cash flow and earnings, depreciation of currency against the U.S. dollar results in decreased costs and increased cash flow and earnings.(2)Non-GAAP measure. See discussion under “Non-GAAP Measures”.(3)Includes the effect of hedging programs.(4)2021 copper sales are hedged up to 85%. Production, cost and capital forecasts for 2021 are forward-looking information and are based on key assumptions and subject to material risk factors that could cause actual results to differ materially and which are discussed herein under the headings “2021 Material Assumptions” and “Caution Regarding Forward-Looking Information” in this document and under the heading “Risks That Can Affect Our Business” in this document and the Company’s most recently filed Annual Information Form. 2021 Material AssumptionsMaterial assumptions or factors used to forecast production and costs for 2021, after giving effect to the hedges in place as at December 31, 2020, include the following: •a market gold price of $1,750 per ounce and an average realized gold price at Mount Milligan of $1,290 per ounce after reflecting the streaming arrangement with Royal Gold (35% of Mount Milligan’s gold at $435 per ounce).•a market copper price of $3.36 per pound and an average realized copper price at Mount Milligan of $2.82 per pound after reflecting the streaming arrangement with Royal Gold (18.75% of Mount Milligan’s copper at 15% of the spot price per metric tonne).•a molybdenum price of $9.00 per pound.•exchange rates: º$1USD:$1.31 Canadian dollar, º$1USD:80.00 Kyrgyz som, º$1USD:7.50 Turkish lira.•diesel fuel price assumption: º$0.44/litre at Kumtor, º$0.69/litre (CAD$0.90/litre) at Mount Milligan. Kumtor FuelThe assumed diesel price of $0.44/litre at Kumtor assumes that no Russian export duty will be paid on the fuel exports from Russia to the Kyrgyz Republic. Diesel fuel for Kumtor is sourced from separate Russian suppliers. The diesel fuel price assumes a price of oil of approximately $53 per barrel. Crude oil is a component of diesel fuel purchased by the Company, such that changes in the price of Brent crude oil generally impacts diesel fuel prices. Mount Milligan Streaming ArrangementThe Mount Milligan Mine is an open pit mine located in north central British Columbia, Canada producing a gold and copper concentrate. Production at Mount Milligan is subject to an arrangement with RGLD Gold AG and Royal Gold, Inc. (together, “Royal Gold”) pursuant to which Royal Gold is entitled to purchase 35% of the gold produced and 18.75% of the copper production at the Mount Milligan Mine for $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered (the “Mount Milligan Streaming Arrangement”). To satisfy its obligations under the Mount Milligan Streaming Arrangement the Company purchases refined gold and copper warrants and arranges for delivery to Royal Gold. The difference between the cost of the purchases of refined gold and copper warrants, and the corresponding amounts payable to the Company under the Mount Milligan Streaming Arrangement is recorded as a reduction of revenue and not a cost of operating the mine. Other Material AssumptionsOther material assumptions used in forecasting production and costs for 2021 can be found under the heading “Caution Regarding Forward-Looking Information” in this document. Production, cost, and capital forecasts for 2021 are forward-looking information and are based on key assumptions and subject to material risk factors that could cause actual results to differ materially and which are discussed under the heading “Risks That Can Affect Our Business” in the Company’s most recent Annual Information Form. Risks That Can Affect Our Business Overview The Company is subject to risks that can have a material effect on the profitability, future cash flow, financial condition of the Company and its stated mineral reserves. Some of these risks relate to the mining industry in general, and others apply to specific properties, operations or planned operations. The Company has implemented an enterprise risk management (“ERM”) program which applies to all of its operations and corporate offices. The program is based on leading international risk management standards and industry best practice. It employs both a bottom-up and top-down approach to identify and address risks from all sources that threaten the achievement of the Company’s objectives. Centerra’s Vice President, Risk & Insurance is responsible for providing the requisite tools, guidance, and leadership of the ERM program. Each operating site and project are responsible for identifying, assessing, mitigating, and monitoring risk. Efforts are coordinated by appointed “Risk Champions” who facilitate the process and provide regular reporting to Centerra’s Vice President, Risk & Insurance. The risk management program at Centerra considers the full life of mine cycle from exploration through to closure. All aspects of the operation and the Company’s stakeholders are considered when identifying risks. As such, the Company’s risk program encompasses a broad range of risks including technical, financial, commercial, social, reputational, environmental, health and safety, political and human resources related risks. Board and Committee OversightThe Risk Committee of the Board of Directors has oversight responsibilities for the policies, processes and systems for the identification, assessment, and management of the Company’s principal strategic, financial, and operational risks. To ensure consistent communication of risks amongst Board committees, the members of the Risk Committee are comprised of at least one member from each of the other standing committees of the Board. Each of the other Board committees is responsible for overseeing risks related to their area of responsibility and reviewing the policies, standards and actions undertaken to mitigate such risks. Management OversightThe Company’s executive team meets regularly with its Vice President, Risk and Insurance to review the risks facing the organization and to discuss the implementation and effectiveness of mitigation actions. Principal risks The following section describes the risks that are most material to the Company’s business. This is not a complete list of the potential risks the Company faces; there may be others the Company is not aware of, or risks that the Company feels are not material today that could become material in the future. For a more comprehensive discussion about the Company’s risks, see the most recently filed Annual Information Form. Strategic, Legal and Planning Risks Strategic, legal and planning risks include political risks associated with the Company’s operations in the Kyrgyz Republic, Turkey, United States and Canada; resource nationalism; reliance on cash flow from its subsidiaries; the impact of changes in, or more aggressive enforcement of laws, regulations and government practices including with respect to the environment; impact of community activism on laws and regulations; increases in contributory demands or business interruption; delays or refusals to grant required permits and licenses; status of the Company’s relationships with local communities; Indigenous claims and consultation issues relating to the Company’s properties which are in proximity to Indigenous communities; the risks related to outstanding litigation affecting the Company; the impact of any sanctions imposed by Canada, the United States or other jurisdictions against various Russian and Turkish individuals and entities; potential defects of title in the Company’s properties that are not known as of the date hereof; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances; the presence of a significant shareholder that is a state-owned company of the Kyrgyz Republic; conflicts of interest among its board members; risks related to anti-corruption legislation; Centerra’s future exploration and development activities not being successful; Centerra not being able to replace mineral reserves and resources; risks related to mineral reserves and resources being imprecise; production and cost estimates may be inaccurate; reputational risks, particularly in light of the increase in social media; inability to identify new opportunities and to grow the business; large fluctuations in the Company’s trading price that are beyond the Company’s control or ability to predict and mitigate; potential risks related to kidnapping or acts of terrorism. Financial Risks The Company is subject to risks related to its financial position and liquidity, including sensitivity of the Company’s business to the volatility of gold, copper and other mineral prices; the use of provisionally-priced sales contracts for production at Mount Milligan; reliance on a few key customers for the gold-copper concentrate at Mount Milligan and at Kumtor there is reliance on Kyrgyzaltyn, as Centerra sells all of its gold doré produced from the Kumtor Mine to Kyrgyzaltyn pursuant to the Restated Gold and Silver Sale Agreement; use of commodity derivatives; sensitivity to fuel price volatility; the impact of currency fluctuations; global financial conditions; access to future financing including the impact of environmental, social and corporate governance (“ESG”) practices and reporting on the Company’s ability to obtain future financing or accessing capital; the impact of restrictive covenants in the Company’s credit facility which may, among other things, restrict the Company from pursuing certain business activities; the effect of market conditions on the Company’s short-term investments; the Company’s ability to make payments including any payments of principal and interest on the Company’s debt facilities, which depends on the cash flow of its subsidiaries; ability to obtain adequate insurance coverage; and changes to taxation laws in the jurisdictions where the Company operates. Operational RisksMining and metals processing involve significant production and operational risks. Some of these risks are outside of the Company’s control or ability to predict and mitigate. Risks include but are not limited to the following: unanticipated ground and water conditions; shortages of water for processing activities; adjacent or adverse land or mineral ownership that results in constraints on current or future mine operations; geological risks, including earthquakes and other natural disasters; metallurgical and other processing risks; unusual or unexpected mineralogy or rock formations; ground or slope failures; pit flooding; tailings design or operational issues, including dam breaches or failures; structural cave-ins, wall failures or rock-slides; flooding or fires; equipment failures or performance problems; periodic interruptions due to inclement or hazardous weather conditions or operating conditions and other force majeure events; lower than expected ore grades or recovery rates; accidents; changes to, or delays in, transportation routes, including cessation or disruption in rail and shipping networks whether caused by decisions of third party providers or force majeure events (including COVID-19); interruption of energy supply; labour disturbances; the availability of drilling and related equipment in the area where mining operations will be conducted; the failure of equipment or processes to operate in accordance with specifications or expectations; tailings management facilities; exposure of workforce to widespread pandemic (including COVID-19); cyanide use; regulations regarding greenhouse gas emissions and climate change; development and construction costs being over budget; predicting decommissioning and reclamation costs; attracting and retaining qualified personnel; long lead times required for equipment and supplies given the remote location of some of the Company’s operating properties, and the potential that COVID-19 could disrupt such supply chains; reliance on a limited number of suppliers for certain consumables, equipment and components; and security of critical operating systems. Financial Performance Fourth Quarter 2020 compared to Fourth Quarter 2019 Revenue of $387 million was recognized in the fourth quarter of 2020 compared to $313 million in the fourth quarter of 2019. The increase in revenue was due to higher average realized gold and copper prices, increased copper pounds sold at the Mount Milligan mine and 39,380 gold ounces sold at Öksüt in 2020, partially offset by fewer gold ounces sold at the Kumtor mine. Gold production was 172,446 ounces in the fourth quarter of 2020 compared to 194,507 ounces in the fourth quarter of 2019. Gold production in the fourth quarter of 2020 was 90,402 ounces at Kumtor, 42,664 ounces at Mount Milligan and 39,380 ounces at Öksüt, which commenced commercial production on May 31, 2020. At the Kumtor and Mount Milligan mines, the 39% and 7% decreases, respectively, were due to lower grades and recoveries at both sites due to mine plan sequencing. Copper production at the Mount Milligan mine was 20.4 million pounds in the fourth quarter of 2020 compared to 18.1 million pounds in the fourth quarter of 2019. The increase in copper production was due to higher throughput as the process plant achieved an average throughput of 59,762 tonnes per calendar day in the quarter. Gold production costs were $474 per ounce in the fourth quarter of 2020 compared to $455 per ounce in the fourth quarter of 2019. The increase was primarily due to higher gold production costs per ounce at the Kumtor mine, partially offset by the low gold production cost of $350 per ounce at Öksüt in the fourth quarter of 2020. All-in sustaining costs on a by-product basisNG were $974 per ounce in the fourth quarter of 2020 compared to $799 per ounce in the fourth quarter of 2019. The increase was due to higher capitalized stripping costs at Kumtor, higher sustaining capital at both Kumtor and Mount Milligan and lower ounces sold at Kumtor, partially offset by higher copper credits. Consolidated gold ounces sold in the fourth quarter of 2020 was consistent with the fourth quarter of 2019 as the decrease in ounces sold at Kumtor was offset by the addition of the Öksüt mine which recorded all-in sustaining costs on a by-product basisNG of $586 per ounce. All-in costs on a by-product basisNG were $1,352 per ounce in the fourth quarter of 2020 compared to $1,331 per ounce in the fourth quarter of 2019. The increase was due to higher all-in sustaining costs on a by-product basisNG, partially offset by lower non-sustaining expenditures as construction of the Öksüt mine was completed. Exploration expenditures of $13 million were recognized in the fourth quarter of 2020 compared to $9.1 million in the fourth quarter of 2019. The increase was primarily due to additional brownfield exploration activity carried out at the Kumtor and Mount Milligan mines. Financing costs of $5.5 million were recognized in the fourth quarter of 2020 compared to $5.3 million in the fourth quarter of 2019. The increase was primarily due to costs associated with the new corporate revolving credit facility. Corporate administration costs of $17.4 million were recognized in the fourth quarter of 2020 compared to $9.2 million in the fourth quarter of 2019. The increase was primarily due to an increase in share-based compensation, positively impacted by the performance of the Company’s share price relative to the S&P/TSX Global Gold CAD$ Index and an increase in advisory fees associated with the disposal of the Company’s interest in the Greenstone Gold Mines Partnership. Year ended December 31, 2020 compared to 2019 Revenue of $1,689 million was recognized in 2020 compared to $1,375 million in 2019. The increase was primarily due to a 28% higher average realized gold price and 19% more copper pounds sold. Gold production was 824,059 ounces in 2020 compared to 783,308 ounces in 2019. Gold production in 2020 was 556,136 ounces at Kumtor, 161,855 ounces at Mount Milligan and 106,068 ounces at Öksüt. At Kumtor, the 7% decrease in gold production was due to processing stockpiled ore with lower grades and recoveries in the fourth quarter of 2020. At Mount Milligan, the 12% decrease in gold production was due to lower grades and lower recoveries, partially offset by higher throughput. Öksüt commenced production in 2020, achieving commercial production on May 31, 2020. Copper production at Mount Milligan was 82.8 million pounds in 2020 compared to 71.1 million in 2019. The increase was due to higher throughput, partially offset by lower recoveries. Gold production costs were $419 per ounce in 2020 compared to $465 per ounce in 2019. The decrease in 2020 was due to an increase in ounces sold. The increase in consolidated gold ounces sold was due to the ounces sold at Öksüt which recorded production costs of $356 per ounce sold. All-in sustaining costs on a by-product basisNG were $729 per ounce in 2020 compared to $708 per ounce in 2019. The increase was due to higher capitalized stripping costs at the Kumtor mine and higher sustaining capital at both the Kumtor and Mount Milligan mines, partially offset by higher copper credits and greater gold ounces sold as a result of the addition of the Öksüt mine. All-in sustaining costs on a by-product basisNG at Öksüt were $494. All-in costs on a by-product basisNG were $1,059 per ounce in 2020 compared to $1,126 per ounce in 2019. The decrease was due to lower non-sustaining capital expenditures as construction of the Öksüt mine was completed, partially offset by higher all-in sustaining costs on a by-product basisNG. Exploration expenditures of $39.2 million were recognized in 2020 compared to $28 million in 2019. The increase was due to additional brownfield exploration activity at the Kumtor and Mount Milligan mines. Financing costs of $14.9 million were recognized in 2020 compared to $16.3 million in 2019. The spending in 2020 included $2.4 million of costs associated with the new corporate revolving credit facility. Corporate administration costs were $45.7 million in 2020, consistent with the prior year of $45.3 million. Balance Sheet Review $ millionsAs at December 31, 2020December 31, 2019%Change Consolidated: Cash545.242.71177% Inventories580.6774.1(25%) Assets-held-for-sale140.0-100% Other current assets107.0115.9(8%) Property, plant and equipment1,686.11,669.51% Other non-current assets77.199.5(23%) Total Assets3,136.02,701.716% Other current liabilities256.7244.65% Non-current debt-70.0(100%) Provision for reclamation352.2265.233% Other non-current liabilities61.156.19% Total Liabilities670.0635.95% Total Equity2,466.02,065.819% Total Liabilities and Equity3,136.02,701.716% Cash as at December 31, 2020 was $545.2 million compared to $42.7 million as at December 31, 2019. The increase was due to free cash flowNG of $603.8 million in 2020 and the release of a $25 million cash deposit previously restricted by the Öksüt project financing facility. This was partially offset by the repayment in full of the Öksüt project financing facility of $77.4 million. Total inventory as at December 31, 2020 was $580.6 million compared to $774.1 million as at December 31, 2019. Total inventory includes stockpiles of ore, gold in-circuit, gold doré, copper and gold concentrate and molybdenum inventory (collectively “Product Inventory”) of $373.1 million and supplies inventory of $207.5 million, compared to $564.7 million and $209.4 million, respectively, as at December 31, 2019. The decrease in Product Inventory was primarily attributable to Kumtor’s 2020 gold production coming from ore stockpiles. As at December 31, 2020, the Product Inventory balance consisted of 487,268 contained gold ounces on surface at Kumtor, of which roughly 60% is expected to be processed in 2021, 80,552 contained gold ounces and 19.5 million contained pounds of copper in stockpiles at Mount Milligan, of which roughly 15% is expected to be processed in 2021 and 27,065 contained gold ounces on surface, stacked and in-circuit at the Öksüt mine, which is expected to be processed in 2021. The book value of property, plant and equipment as at December 31, 2020 was $1.69 billion compared to $1.67 billion as at December 31, 2019. The increase in 2020 was related to increased capitalized stripping at Kumtor, partially offset by the reclassification of the Greenstone Gold Mines Partnership as assets held for sale. Asset retirement obligations as at December 31, 2020 were $352.2 million compared to $265.2 million as at December 31, 2019. The increase was primarily due to a reduction in the risk-free interest rate used to calculate the present value of reclamation costs at the Company’s various sites and the disturbance to date at the new Öksüt mine for its reclamation obligation. In 1998, a reclamation trust fund was established to cover the future costs of reclamation at the Kumtor mine. As at December 31, 2020, this fund had a balance of $47 million and is shown as long-term asset on the balance sheet. On December 31, 2020, the Company entered into a new $400 million four-year revolving credit facility with a $200 million accordion feature (the “2020 Corporate Facility”). The interest rate payable on any outstanding borrowings under the 2020 Corporate Facility is LIBOR plus 2.25% to 3.25% and the maturity date of the facility is December 31, 2024. The 2020 Corporate Facility replaced the Company’s previous $500 million revolving credit facility. Total bank debt as at December 31, 2020 was nil compared to $70.0 million as at December 31, 2019. The decrease was due to the repayment and subsequent cancellation of the Company’s Öksüt project financing facility during 2020, which resulted in the release of $25 million in restricted cash. The Company’s corporate revolving credit facilities were undrawn as at December 31, 2020 and December 31, 2019. The Company’s total liquidity position is $945.2 million, representing a cash balance of $545.2 million and $400 million available as part of the 2020 Corporate Facility. The strong liquidity position and forecasted robust free cash flows from the Company’s Kumtor, Mount Milligan and Öksüt operations will be sufficient to satisfy working capital needs, fund its development and exploration activities and meet other liquidity requirements through to the end of 2021. See “Caution Regarding Forward-Looking Information”. Market Conditions Commodity pricesThe Company's profitability is materially affected by the market price of metals. Metal prices fluctuate widely and are affected by numerous factors beyond the Company's control. MetalAverage spot pricePeriod end spot priceThree months ended December 31Twelve months ended December 31December 31,December 31,% Change20202019% Change20202019% Change20202019Gold (per oz)$1,876$1,48327%$1,772$1,39327%$1,886$1,51724%Copper (per lb) 3.27 2.6822% 2.80 2.733% 3.03 2.808%Molybdenum (per lb) 9.01 9.65(7%) 8.68 11.35(24%) 10.02 9.209% Foreign ExchangeThe Company receives its revenue through the sale of gold, copper and molybdenum in U.S. dollars. The Company has operations in Canada, including its corporate head office, the Kyrgyz Republic, Turkey and the United States. During 2020, approximately 40% of the Company’s combined expenditures (including capital costs and lease payments) was in currencies other than the U.S. dollar, including the Canadian dollar (“CAD”), Kyrgyz som (“SOM”) and the Turkish lira (“TRY”), consistent with 2019. The percentage of Centerra’s non-U.S. Dollar costs by currency in 2020, consistent with 2019, was as follows: A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55f24910-00bd-470b-b43b-1f749bedae39 A significant cost driver of Centerra is the performance of key currencies relative to the U.S. dollar. The performance of these currencies over a 24-month period and at key reporting dates was as follows: A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0d9a0927-5794-435f-9584-6296c8762bae CurrencyAverage exchange ratePeriod end exchange rateThree months ended December 31Twelve months ended December 31December 31,December 31,% Change20202019% Change20202019% Change20202019USD-CAD$1.30$1.32(2%)$1.34$1.331%$1.27$1.30(2%)USD-Kyrgyz Som 82.6 71.316% 77.4 70.410% 84.0 69.820%USD-Turkish Lira 7.9 5.836% 7.0 5.723% 7.4 6.023% The Company utilizes its foreign exchange hedging program in order to manage its exposure to adverse fluctuations in the Canadian dollar, relative to the U.S dollar, see “Financial Instruments”. The Company does not currently hedge the Kyrgyz som or Turkish lira. Diesel Fuel Prices Fuel costs represent a significant cost component for Centerra’s mining operations, representing 11% of production costs. Prices for Kumtor’s diesel fuel generally reflect the price movements of Brent crude oil. Kumtor sources its fuel from Russia either directly or through Kyrgyz distributors and prices include additional costs such as seasonal premiums for winterizing fuel and transportation costs from the Russian refineries. The prices for Mount Milligan’s diesel fuel are based on a supply agreement for weekly deliveries and priced at the Prince George Rack rate. The Prince George Rack rate reflects general benchmark movements, plus additional costs such as seasonal premiums for winterizing, costs to meet regulatory requirements and transportation costs. Mining operations at Öksüt are outsourced, and the fuel operating cost is included in the outsourcing contract costs, based on the published local retail diesel market price. CommodityAverage spot pricePeriod end spot priceThree months ended December 31Twelve months ended December 31December 31,December 31,% Change20202019% Change20202019% Change20202019Kumtor Diesel (per ltr)$0.40$0.50(20%)$0.40$0.51(22%)$0.41$0.49(16%)ULSD (per bbl) 53.89 81.69(34%) 52.49 81.47(36%) 62.00 85.19(27%)Brent (per bbl) 45.26 62.42(27%) 43.21 64.16(33%) 51.80 66.00(22%) The Company utilizes its diesel hedging program in order to manage its exposure to adverse fluctuations in diesel fuel prices, see “Financial Instruments”. Financial Instruments The Company seeks to manage its exposure to fluctuations in diesel fuel prices, commodity prices and foreign exchange rates by entering into derivative financial instruments from time-to-time. The hedge positions for each of these programs as at December 31, 2020 are summarized as follows: Average Strike Price Settlements (% of exposure hedged) As at December 31, 2020InstrumentUnitType2021202220212022Total position (4)Fair value($'000's) FX Hedges USD/CAD zero-cost collars(3)CADFixed$1.33/$1.40$1.32/$1.38$217.8 million (39%)$149.0 million (28%)$366.8 million13,458USD/CAD forward contracts(2)CADFixed$1.38$1.32$102.0 million (19%)$46.0 million (9%)$148.0 million7,159Total $1.35$1.32$319.8 million (58%)$195 million (37%)$514.8 million20,617 Fuel Hedges Brent Crude Oil zero-cost collars(1)BarrelsFixed$40/$46$44/$5179,712 (10%)96,966 (10%)176,678688Brent Crude Oil swap contracts(2)BarrelsFixed$42$47206,485 (25%)44,850 (5%)251,3351,937ULSD zero-cost collars(1)BarrelsFixed$53/$59$54/$6459,404 (7%)125,066 (13%)184,470748ULSD swap contracts(2)BarrelsFixed$55$59231,655 (28%)70,850 (7%)302,5052,500Total 577,256 (70%)337,732 (35%)914,9885,873 Copper Hedges (Strategic hedges): Copper forward contracts(2)PoundsFixed$3.37N/A59.8 million (91%)N/A 59.8 million(9,480) Gold/Copper Hedges (Royal Gold deliverables): Gold forward contracts(2)OuncesFloatN/AN/A17,570N/A17,570219Copper forward contracts(2)PoundsFloatN/AN/A4.2 millionN/A4.2 million1,192 (1)Under the fuel zero-cost collars, the Company retains the right to buy fuel barrels at the contract’s ‘ceiling’ price if the market price was to exceed this price upon contract expiration, while requiring the Company to buy fuel barrels at the ‘floor’ price if the market price fell below this price upon expiration. At the end of each contract there is no exchange of the underlying item and the contract is financially settled.(2)Under the swap and forward contracts, the Company ‘buys’ or ‘sells’ metals, currencies and commodities, at a specified price at a certain future date.(3)Under the currency zero-cost collars, the Company retains the right to buy foreign currency at the contract’s ‘floor’ price if the market price was to fall below this price upon contract expiration, while requiring it to sell foreign currency at the ‘ceiling’ price if the market price was to exceed this price upon expiration.(4)Royal Gold hedging program with a market price determined on closing of the contract. In the fourth quarter and year-ended December 31, 2020, Centerra’s Canadian dollar hedging program resulted in a $2.7 million realized gain and $1.1 million realized gain, respectively, compared to no loss or gain in either the fourth quarter or year-ended December 31, 2019. In the fourth quarter of 2020, Centerra’s diesel hedging program resulted in a $3.0 million realized loss compared to nil in the fourth quarter of 2019. For the year-ended December 31, 2020, Centerra’s diesel hedging program resulted in a $6.5 million realized loss compared to a $0.7 million realized gain in 2019. In the fourth quarter of 2020, the Company commenced a copper hedging program, entering into forward contracts to lock in the copper price for the majority of Mount Milligan’s copper sales from December 2020 to the end of 2021. In the fourth quarter and year-end of December 31, 2020, Centerra’s copper hedging program resulted in a $1.4 million realized loss.As at December 31, 2020, Centerra has not entered into any off-balance sheet arrangements with special purpose entities, nor does it have any unconsolidated affiliates. Operating Mines and Facilities Kumtor MineThe Kumtor open pit mine, located in the Kyrgyz Republic, is one of the largest gold mines in Central Asia. It has been in production since 1997 and has produced over 13.2 million ounces of gold to December 31, 2020. 2021 Kumtor Technical Report Update In February 2021, the Company issued a new technical report for the Kumtor mine, as at July 1, 2020 (the “2021 Kumtor Technical Report”), extending its mine life by 5 years to 2031 and increasing its reserves 107%(1) to 6.3 million contained ounces of gold (73.3 million tonnes at an average gold grade of 2.66 grams per tonne gold (g/t Au) using a gold price of $1,350 per ounce). All-in sustaining costs on a by-product basisNG is estimated to be $828 per ounce and all-in costs on a by-product basisNG is estimated to be $1,044 per ounce for the life of mine. Gold production is expected to average 590,000 ounces at an average all-in sustaining cost on a by-product basisNG of $782 per ounce, for five years commencing in 2022. The 2021 Kumtor Technical Report provides an update of the 2015 technical report, including a mineral resource model update based on extensive in-fill and expansion drilling in recent years. The 2021 Kumtor Technical Report also revised the gold price assumptions, pit slope angles, capital and operating cost estimates and metallurgical recovery estimates based on process plant improvements, all of which has resulted in updated mineral resource and mineral reserve estimates, a revised ultimate pit design and an updated mining plan. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and filed on SEDAR on February 24, 2021 with an effective date of July 1, 2020. (1)Reserve increase calculated by comparing the new 2021 Kumtor Technical Report effective as at July 1, 2020 compared to the December 31, 2019 reserve statement (less mine depletion from January 1, 2020 to June 30, 2020). Kyrgyz RepublicPolitical and social disruptions followed the Parliamentary election held during the first week of October 2020 and resulted in an interim government led by Prime Minister Sadyr Japarov following the resignation of former President Sooronbai Jeenbekov. An early presidential election was held on January 10, 2021 and Mr. Japarov was elected President. Centerra and Kumtor will continue to cooperate and work with the Kyrgyz Government and state agencies to ensure uninterrupted operation of the mine. COVID-19 updateKumtor continues to implement mitigation controls and health & safety precautions at the mine site to contain the spread of COVID-19. As previously disclosed, open pit mining was operating at below capacity in July, returned to full capacity in September and continued at full capacity through the fourth quarter. Mill processing operated at full capacity throughout the year. Lysii waste dump updateIn July 2020, Kumtor received a permit to utilize the Lysii Valley for dumping waste rock going forward. Lysii Valley is expected to be the main mine waste rock dump for the next two years as it is closest to cut-back 20. According to the new waste dumping plan in the Lysii Valley, waste rock will be placed at the base of the valley initially and the waste rock dump will be developed up the valley creating slightly longer haulage distances in the near-term. Kumtor Operating Results Unaudited ($ millions, except as noted)Three months ended December 31,Twelve months ended December 31,Financial Highlights: 2020 2019% Change 2020 2019% ChangeRevenue$178.1$200.5(11%)$981.6$827.519%Production costs 42.4 49.6(15%) 194.8 228.6(15%)Depreciation, depletion and amortization 38.5 46.6(17%) 209.5 181.316%Standby costs - 9.1100% 6.7 9.1100%Earnings from mine operations$97.2$95.22%$570.6$408.540%Revenue-based taxes 25.2 28.3(11%) 138.5 116.419%Exploration and development costs 5.5 4.328% 15.9 11.341%Other operating expenses 2.8 7.6(63%) 21.8 23.9(9%)Earnings from operations$63.7$55.016%$394.4$256.954% Cash provided by mine operations 97.6 149.1(35%) 660.6 376.376%Cash provided by mine operations before changes in working capital 102.6 107.1(4%) 609.3 385.158%Free cash flow from mine operations (1) 28.1 104.3(73%) 437.9 240.182% Operating Highlights: Tonnes mined (000's) 42,733 28,56550% 103,735 156,439(34%)Tonnes ore mined (000's) 115 1,716(93%) 705 10,970(94%)Average mining grade (g/t) 1.43 5.50(74%) 6.64 2.91128%Tonnes processed (000's) 1,563 1,32218% 6,323 5,9686%Process plant head grade (g/t) 2.11 3.79(44%) 3.27 3.69(11%)Recovery (%)(2) 74.2% 85.3%(13%) 81.4% 83.5%(3%)Mining costs ($/t mined material) 1.23 1.50(18%) 1.52 1.2620%Processing costs ($/t processed material) 10.87 13.48(19%) 10.97 12.00(9%) Gold produced (oz) 90,402 148,523(39%) 556,136 600,201(7%)Gold sold (oz) 96,641 136,568(29%) 569,213 600,231(5%)Average realized gold price ($/oz sold)(1) 1,843 1,46826% 1,725 1,37925% Sustaining capital expenditures(3) 15.2 7.894% 58.0 38.650%Non-sustaining capital expenditures(3)(4) 9.4 2.9224% 16.8 16.05%Capitalized stripping - cash 48.1 28.271% 142.5 76.586%Capitalized stripping - non-cash 10.3 6.949% 40.0 20.794%Capital expenditures - total 83.0 45.881% 257.3 151.870% Unit Costs: Gold production costs ($/oz sold)$439$36321%$342$381(10%)Gold - All-in sustaining costs on a by-product basis ($/oz sold)(1)$1,131$65772%$741$59824%Gold - All-in costs on a by-product basis ($ /oz sold)(1)$1,545$91669%$1,042$83824% (1)Non-GAAP measure. See discussion under “Non-GAAP Measures”.(2)Metallurgical recoveries are based on recovered gold, not produced gold.(3)Capital expenditures are presented on a cash basis.(4)Non-sustaining capital expenditures are distinct projects designed to have a significant increase in the net present value of the mine. In the current year, non-sustaining capital expenditures included additional costs related to cut-back 20. Fourth Quarter 2020 compared to Fourth Quarter 2019 Earnings from mine operations of $97.2 million were recognized in the fourth quarter of 2020 compared to earnings from mine operations of $95.2 million in the fourth quarter of 2019. The increase was primarily due to a 26% higher average realized gold price and lower production and depreciation costs, offset by 29% fewer gold ounces sold. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1acd005a-32ee-4150-9b34-b1115ef2a557 Cash provided by mine operations of $97.6 million was recognized in the fourth quarter of 2020 compared to $149.1 million in the fourth quarter of 2019. The decrease was primarily due to the lower gold sales, partially offset by higher gold prices and increased cash from working capital due to production being exclusively from stockpiles. Free cash flow from mine operationsNG of $28.1 million was recognized in the fourth quarter of 2020 compared to $104.3 million in the fourth quarter of 2019. The decrease was due to lower cash provided by mine operations, a 71% increase in capitalized stripping costs as Kumtor mined cut-back 20 during the fourth quarter of 2020 and an increase in capital expenditure related to the timing of equipment overhauls and the delivery of additional haul trucks to increase mining capacity. During the fourth quarter of 2020, Kumtor continued mining cut-back 20. Tonnes mined were 42.7 million in the fourth quarter of 2020 compared to 28.6 million tonnes in the fourth quarter of 2019. The increase was due to the suspension of mining operations in December 2019 due to the Lysii waste rock dump incident. The 42.7 million tonnes mined in the fourth quarter of 2020 were capitalized as waste stripping for the benefit of future production from cut-back 20. Mining costs were $1.23 per tonne in the fourth quarter of 2020 compared to $1.50 per tonne in the fourth quarter of 2019. The decrease was primarily due to greater tonnes mined and lower diesel fuel prices. Total mining costs were $52.4 million of which $48.1 million was capitalized in the fourth quarter of 2020, compared to $42.8 million in mining costs of which $28.2 million was capitalized in the fourth quarter of 2019. Gold production was 90,402 ounces from on-surface stockpiled ore in the fourth quarter of 2020 compared to 148,523 ounces of gold produced in the fourth quarter of 2019. The decrease was primarily due to lower average process plant head grades and lower gold recovery. During the fourth quarter of 2020, Kumtor’s average process plant head grade was 2.11 g/t with a recovery of 74.2% compared to 3.79 g/t and a recovery of 85.3% in the fourth quarter of 2019. Processing costs were $10.87 per tonne in the fourth quarter of 2020 compared to $13.48 per tonne in the fourth quarter of 2019. The decrease was primarily due to 18% greater tonnes processed and lower maintenance costs. Gold production costs were $439 per ounce in the fourth quarter of 2020, compared to $363 per ounce in the fourth quarter of 2019. The increase was primarily due to lower ounces sold. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d9587c12-e9ed-4317-9e71-5d2020aa2736 All-in sustaining costs on a by-product basisNG, which excludes revenue-based tax, were $1,131 per ounce in the fourth quarter of 2020 compared to $657 per ounce in the fourth quarter of 2019. The increase was primarily due to fewer ounces sold, an elevated level of capitalized stripping costs as mining activities were concentrated on stripping cut-back 20 and greater sustaining capital costs relating to rebuilds and haul truck fleet expansion, partially offset by lower production costs. All-in costs on a by-product basisNG were $1,545 per ounce in the fourth quarter of 2020 compared to $916 per ounce in the fourth quarter of 2019. The increase was due to an increase in all-in sustaining costs on a by-product basisNG and the purchase of haul trucks to support the mine expansion. Year-ended December 31, 2020 compared to 2019 Earnings from mine operations of $570.6 million were recognized in 2020 compared to $408.5 million in 2019. The increase was primarily due to 25% higher average realized gold prices and lower production costs, partially offset by fewer ounces sold and higher depreciation charges which largely represents capitalized stripping costs being amortized into earnings as stockpiled inventories were processed through the mill during the year. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f2e7336b-b11b-4b95-9b66-cfde18cf5760 Cash provided by mine operations of $660.6 million was recognized in 2020 compared to $376.3 million in 2019. The increase was due to higher earnings from mine operations, an increase in cash generated from working capital as the plant processed ore from on surface stockpiles and lower Strategic Agreement payments. Free cash flow from mine operationsNG of $437.9 million was recognized in 2020 compared to $240.1 million in 2019. The increase was due to an increase in cash provided by mine operations, partially offset by higher capitalized expenditures as the mining fleet was expanded, and higher capitalized stripping costs as Kumtor mined waste material from cut-back 20 throughout the year. In 2020, Kumtor finished mining cut-back 19 and continued stripping and managing the ice from cut-back 20. Tonnes mined were 103.7 million tonnes in 2020 compared to 156.4 million tonnes in 2019. The decrease was primarily due to the suspension of mining operations from December 2019 to mid-January 2020, longer haulage distances as a result of the change in the waste dump location from the Lysii Valley to the Central Valley for the first half of the year and lower equipment utilization due to workforce availability (primarily COVID-19 related). Of the 103.7 million tonnes mined in 2020, 101.6 million tonnes were capitalized as waste stripping for benefit of future production from cut-back 20. Mining costs were $1.52 per tonne in 2020 compared to $1.26 per tonne in 2019. The increase was primarily due to lower tonnes mined, and longer haulage distances, partially offset by lower diesel fuel prices, lower maintenance costs and a favourable foreign currency exchange rate movement. Gold production was 556,136 ounces of gold in 2020 from previously mined on-surface stockpiled ore, compared to 600,201 ounces of gold produced in 2019. The decrease in 2020 was primarily due to lower process plant head grade and lower gold recovery coming from the stockpiled ore. During 2020, Kumtor’s average process plant head grade was 3.27 g/t with a recovery of 81.4% compared to 3.69 g/t and a recovery of 83.5% in 2019. Processing costs were $10.97 per tonne in 2020 compared to $12.00 per tonne in 2019. The decrease was primarily due to increased tonnes processed and lower maintenance costs as a result of less maintenance activities performed due to COVID-19. Gold production costs were $342 per ounce in 2020 compared to $381 per ounce in 2019. The decrease was primarily due to increased tonnes processed, partially offset by lower grades and recovery. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe61ba10-97b1-4d50-b03f-b84cef98e863 All-in sustaining costs on a by-product basisNG, which excludes revenue-based tax were, $741 per ounce in 2020 compared to $598 per ounce in 2019. The increase was mainly due to higher capitalized stripping costs, fewer ounces sold, higher sustaining capital representing the purchase of eleven haulage trucks to increase mining capacity and higher Strategic Agreement contributions to the various regional funds in the Kyrgyz Republic. This was partially offset by lower production costs. All-in costs on a by-product basisNG were $1,042 per ounce in 2020 compared to $838 per ounce in 2019. The increase was due to an increase in all-in sustaining costs on a by-product basisNG and greater revenue-based taxes paid as a result of higher gold prices. Mount Milligan MineThe Mount Milligan Mine is an open pit mine located in north central British Columbia, Canada producing a gold and copper concentrate. Production at Mount Milligan is subject to an arrangement with RGLD Gold AG and Royal Gold, Inc. (together, “Royal Gold”) pursuant to which Royal Gold is entitled to purchase 35% of the gold produced and 18.75% of the copper production at the Mount Milligan Mine for $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered. To satisfy its obligations under the Mount Milligan Streaming Arrangement the Company purchases refined gold and copper warrants and arranges for delivery to Royal Gold. The difference between the cost of the purchases of refined gold and copper warrants, and the corresponding amounts payable to the Company under the Mount Milligan Streaming Arrangement is recorded as a reduction of revenue and not a cost of operating the mine. Water Update Stored water inventory at Mount Milligan is critical to the ability to process ore through the mill on a sustainable basis. Stored water was in excess of 6 million cubic metres as at December 31, 2020. In addition to accessing water from surface water sources throughout 2020, Mount Milligan continued to access ground water from the Lower Rainbow Valley wellfield as well as other groundwater wells near the tailings storage facility during the year. Exploration activities continue to focus on extending the groundwater capacity in the vicinity of the existing infrastructure. The Company continues to pursue a longer-term solution to its water requirements at Mount Milligan and is in discussions with regulators, its First Nations partners and other stakeholders. The Company does not expect any interruptions to Mount Milligan operations in the medium term when considering currently available water sources and inventory. See “Caution Regarding Forward-Looking Information”. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9ae73cdc-a736-4ff7-96ba-4c6541ffba17 COVID-19Mount Milligan continues to monitor controls that have been put in place to manage the exposure of its workforce to COVID-19 and has added to these controls as required. Mining and processing activities are currently operating without any material disruption. Mount Milligan Operating Results Unaudited ($ millions, except as noted)Three months ended December 31,Twelve months ended December 31,Financial Highlights: 2020 2019% Change 2020 2019% ChangeGold revenue 46.7 37.923% 205.0 194.26%Copper revenue 53.0 31.966% 178.6 140.827%Total Revenues$99.7$69.843%$383.6$335.015% Production costs 47.8 49.1(3%) 209.4 232.7(10%)Depreciation, depletion and amortization 17.7 11.060% 73.1 53.337%Earnings from mine operations$34.2$9.7253%$101.1$49.0106%Exploration and development costs 3.0 1.3126% 7.5 4.088%Impairment - -0% - 214.4 Other operating expenses 2.7 2.414% 9.7 8.021%Earnings (loss) from operations$28.4$6.0377%$83.9$(177.4)(147%) Cash provided by (used in) mine operations 44.0 (18.8)334% 185.3 62.2198%Cash provided by mine operations before changes in working capital 44.2 16.2173% 147.9 85.773%Free cash flow (deficit) from mine operations(1) 30.7 (27.7)211% 150.2 26.5467% Operating Highlights: Tonnes mined (000's) 10,935 9,57714% 41,238 39,4664%Tonnes ore mined (000's) 5,350 3,81240% 19,196 15,73622%Tonnes processed (000's) 5,498 3,91940% 20,067 16,35023%Process plant head grade gold (g/t) 0.40 0.56(28%) 0.41 0.53(23%)Process plant head grade copper (%) 0.24% 0.28%(12%) 0.26% 0.26%(0%)Gold recovery (%) 61.2% 67.1%(9%) 62.9% 67.4%(7%)Copper recovery (%) 73.4% 80.3%(9%) 77.4% 81.3%(5%)Mining costs ($/t mined material) 2.07 2.43(15%) 1.80 2.19(18%)Processing costs - total ($/t processed material) 3.98 7.43(46%) 4.88 7.10(31%)Concentrate produced (dmt) 45,943 41,68810% 184,915 159,51716%Gold produced (oz) (2) 42,664 45,984(7%) 161,855 183,107(12%)Copper produced (000's lb) (2) 20,376 18,07913% 82,816 71,14616% Gold sold (oz)(2) 33,929 33,3242% 154,100 180,423(15%)Copper sold (000's lb)(2) 18,975 14,30133% 80,477 67,43019%Average realized gold price - combined ($/oz sold )(1)(2) 1,376 1,13721% 1,330 1,07723%Average realized copper price - combined ($/lb sold) (1)(2) 2.79 2.2325% 2.22 2.096% Sustaining capital expenditures(3) 16.6 8.987% 37.8 35.66% Unit Costs: Gold production costs ($/oz sold)$716$831(14%)$744$746(0%)Gold - All-in sustaining costs on a by-product basis ($/oz sold) (1)$469$1,114(58%)$541$828(35%)Gold - All-in costs on a by-product basis ($ /oz sold)(1)$558$1,155(52%)$590$849(31%)Gold - All-in sustaining costs on a co-product basis ($/oz sold) (1)$1,033$1,269(19%)$934$950(2%)Copper production costs ($/lb sold)$1.24$1.50(17%)$1.18$1.46(19%)Copper - All-in Sustaining costs on a co-product basis ($/lb sold) (1)$1.79$2.28(21%)$1.47$1.85(21%) (1)Non-GAAP measure. See discussion under “Non-GAAP Measures”.(2)Mount Milligan production and sales are presented on a 100% basis. Under the Mount Milligan Streaming Arrangement, Royal Gold is entitled to 35% of gold ounces and 18.75% of copper. Royal Gold pays $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered.(3)Capital expenditures are presented on a cash basis. Fourth Quarter 2020 compared to Fourth Quarter 2019 Earnings from mine operations of $34.2 million were recognized in the fourth quarter of 2020 compared to $9.7 million in the fourth quarter of 2019. The increase was primarily due to higher average realized gold and copper prices, higher copper sales and lower production costs, partially offset by an increase in depreciation due to the revised mine life which was published in early 2020. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e546bcc-fc62-4274-9a2e-d4cf1657df1b Cash provided by mine operations of $44.0 million was recognized in the fourth quarter of 2020 compared to a deficit of $18.8 million in the fourth quarter of 2019. The increase was primarily due to higher net earnings from mine operations and an increase in cash generated from working capital. Free cash flow from mine operationsNG of $30.7 million was recognized in the fourth quarter of 2020 compared to a deficit $27.7 million in the fourth quarter of 2019, due to an increase in cash provided by mine operations, partially offset by an increase in capital expenditure related to the tailing storage facility. During the fourth quarter of 2020, mining activities were in phases 4, 5 and 8 of the open pit. Total tonnes mined were 10.9 million tonnes and total material moved was 11.9 million tonnes in the fourth quarter of 2020. In the comparative quarter of 2019, total tonnes mined were 9.6 million tonnes and total material moved was 10.8 million tonnes. Mining costs were $2.07 per tonne in the fourth quarter of 2020 compared to $2.43 per tonne in the fourth quarter of 2019. The decrease was due to higher tonnage mined as a result of improved mining efficiencies, lower diesel fuel prices, a reduction in contract service costs associated with the in-pit drilling program, lower labour costs and a favourable foreign currency exchange rate. This was partially offset by increased maintenance costs associated with major planned repairs of ancillary equipment. Total mill throughput was 5.5 million tonnes, averaging 59,762 tonnes per calendar day in the fourth quarter of 2020, approaching the permitted limit of 60,000 tonnes per calendar day, compared to 3.9 million tonnes, averaging 42,599 tonnes per calendar day in the fourth quarter of 2019. Higher throughput was a result of improved milling efficiencies and greater mechanical availability. Gold production was 42,664 ounces in the fourth quarter of 2020 compared to 45,984 ounces in the fourth quarter of 2019. The decrease was due to lower grades and recoveries, partially offset by increased throughput. During the fourth quarter of 2020, Mount Milligan’s average process plant gold head grade was 0.40 g/t compared to 0.56 g/t in the fourth quarter of 2019. Total copper production was 20.4 million pounds in the fourth quarter of 2020 compared to 18.1 million pounds in the fourth quarter of 2019. The increase was due to increased throughput, partially offset by lower grades and recoveries. Processing costs were $3.98 per tonne in the fourth quarter of 2020 compared to $7.43 per tonne in the fourth quarter of 2019. The decrease was due to 40% higher tonnage, the timing of mill liner change-out, lower water sourcing costs and a favourable foreign currency exchange rate movement. Gold production costs were $716 per ounce in the fourth quarter of 2020 compared to $831 per ounce in fourth quarter of 2019. The decrease was due to lower mining costs per tonne and lower processing costs per tonne. Copper production costs were $1.24 per pound in the fourth quarter of 2020 compared to $1.50 per pound in the fourth quarter of 2019. The decrease was primarily due to lower mining costs per tonne and lower processing costs per tonne. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4147b1c1-611c-48f4-b715-e0345bf0a7ec All-in sustaining costs on a by-product basisNG were $469 per ounce in the fourth quarter of 2020 compared to $1,114 per ounce in the fourth quarter of 2019. The decrease was primarily due to increased copper credits due to higher realized copper prices and lower production costs, partially offset by higher sustaining capital related to the tailings storage facility. All-in costs on a by-product basisNG were $558 per ounce in the fourth quarter of 2020 compared to $1,155 per ounce in the fourth quarter of 2019. The decrease was due to a decrease in all-in sustaining costs on a by-product basisNG, partially offset by higher exploration and development costs. Year-ended December 31, 2020 compared to 2019 Earnings from mine operations of $101.1 million were recognized in 2020 compared to $49.0 million in 2019. The increase was due to 23% higher average realized gold prices, higher copper pounds sold and lower production costs. The increase was partially offset by higher depreciation, as a result of the change in the mine life in 2020. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ba7a5b82-1ad5-449d-b155-9422d04e4c48 Cash provided by mine operations of $185.3 million was recognized in 2020 compared to $62.2 million in 2019. The increase was due to greater earnings from mine operations and a reduction in working capital. Free cash flow from mine operationsNG of $150.2 million was recognized in 2020 compared to $26.5 million in 2019, due to an increase in cash provided by mine operations. During 2020, mining activities were in phases 3, 4, 5 and 8 of the open pit. Total tonnes mined in 2020 were 41.2 million tonnes and total material moved was 45.1 million tonnes. In the comparative period of 2019, total tonnes mined were 39.5 million tonnes and total material moved was 43.2 million tonnes. Mining costs were $1.80 per tonne in 2020 compared to $2.19 per tonne in 2019. The decrease was due to lower diesel fuel price, lower contract service costs associated with the in-pit drilling program, a favorable foreign currency exchange rate and higher tonnage mined due to improved efficiencies. Mount Milligan reported record mill throughput in 2020, processing 20.1 million tonnes, averaging 54,827 tonnes per calendar day in 2020 compared to 16.4 million tonnes, averaging 44,795 tonnes per calendar day in 2019. The increase in throughput is primarily due to the increased availability of water, continuous improvement to mill operations and greater availability. In 2020, Mount Milligan recorded its highest level of concentrate tonnes produced since the start of operations in 2014. Gold production was 161,855 ounces in 2020 compared to 183,107 ounces in 2019. The decrease was due to lower grades and recoveries, partially offset by higher throughput. During 2020, Mount Milligan’s average process plant gold head grade was 0.41 g/t with a recovery of 63% compared to 0.53 g/t with a recovery of 67% in 2019. Total copper production was 82.8 million pounds in 2020 compared to 71.1 million pounds in 2019. The increase was primarily due to higher throughput, partially offset by lower copper recoveries. Processing costs were $4.88 per tonne in 2020 compared to $7.10 per tonne in 2019. The per tonne decrease was due to the higher throughput, decreased water sourcing costs, lower labour costs, a favorable foreign exchange currency rate, and lower electricity costs. This was partially offset by higher mill consumables costs due to the higher throughput. Gold production costs were $744 per ounce in 2020 consistent with $746 per ounce in 2019. The lower production costs were offset by the lower gold ounces sold. Copper production costs were $1.18 per pound in 2020 compared to $1.46 per pound in 2019, primarily as a result of increased copper pounds sold and lower production costs. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ac658e4a-ad90-4fd4-970f-947eef81cef2 All-in sustaining costs on a by-product basisNG were $541 per ounce for 2020 compared to $828 per ounce in 2019. The decrease was primarily due to increased copper credits, lower production costs including decreased water sourcing activities and lower diesel costs, partially offset by lower gold ounces sold. All-in costs on a by-product basisNG were $590 per ounce in 2020 compared to $849 per ounce in 2019. The decrease was due to a decrease in all-in sustaining costs on a by-product basisNG, partially offset by higher exploration and development costs. Öksüt Mine The Öksüt mine is situated in Turkey approximately 300 kilometres southeast of Ankara and 48 kilometres south of Kayseri, the provincial capital. The nearest administrative centre is at Develi, located approximately 10 kilometres north of the mine site. The Öksüt mine achieved first gold pour on January 31, 2020 and achieved commercial production on May 31, 2020. Commercial production was declared after the operation completed its testing phase and the constructed assets were operating in the manner intended by management. Up to the point of achieving commercial production, gold revenue and the associated costs of production were capitalized. During the fourth quarter of 2020, the construction of the Öksüt mine was finalized, with the completion of leach pad phase 1C, a new overflow pond, and crusher modification. Additionally, during the quarter, the Phase 2 expansion of the heap leach pad commenced with completion expected in 2021. In early February 2021, there was a temporary disruption in mining activity at the Öksüt mine due to a labour dispute between the Company’s local mining contractor, Çiftay İnşaat Taahhüt ve Ticaret A.Ş (“Çiftay”) and its employees. The Company worked closely with Çiftay management, as well as with local government and other officials and the matter has been resolved. During the third quarter of 2020, the Öksüt mine obtained an amendment to its environmental impact assessment (“EIA”) certificate from the Minister of Environment and Urbanization. The amendment is to accommodate changes to the Öksüt mine’s open pit mine design and pit optimization. Due to the delay in receiving the amendment from the EIA and further potential delays in obtaining the related forestry permit, the Öksüt mine plan and design is currently being further revised with the expectation that the high-grade ore of the Güneytepe deposit will be accessed in 2022. COVID-19 Öksüt continues to maintain active measures to prevent a COVID-19 outbreak at the site. Open pit mining was suspended during the first quarter due to Turkish Government initiatives aimed at reducing the spread of COVID-19 and resumed normal operations in April. Placement of ore on the heap leach pad from stockpiles, ore irrigation, and the Adsorption-Desorption-Recovery plant continued to operate with limited impact on production. Öksüt Operating Results ($ millions, except as noted)Three months ended December 31,Twelve months ended December 31,2020 2020Financial Highlights: Revenue$74.3$186.5Production costs 13.8 35.2Depreciation, depletion and amortization 7.1 16.0Earnings from mine operations$53.4$135.3Exploration and development costs 1.0 1.7Other operating expenses 0.1 0.1Earnings from operations$52.3$133.5 Cash provided by mine operations 61.8 146.1Cash provided by mine operations before changes in working capital 58.1 146.8Free cash flow from mine operations (1) 46.5 105.2 Operating Highlights: Tonnes mined (000's) 4,440 15,115Tonnes ore mined (000's) 115 2,578Ore mined - grade (g/t) 1.91 1.68Ore crushed (000's) 637 3,428Tonnes stacked (000's) 952 3,445Heap leach grade (g/t) 0.78 1.40Heap leach contained ounces stacked 23,950 154,948Mining costs ($/t mined material) 1.71 1.77Processing costs ($/t processed material) 5.22 5.34 Gold produced (oz) 39,380 106,068Gold sold (oz)(2) 39,380 105,503Average realized gold price ($/oz sold)(1) 1,887 1,887 Sustaining capital expenditures(3) 1.9 1.9Non-sustaining capital expenditures(3)(4) 6.2 30.4Capitalized stripping(3) 7.2 11.5Capital expenditures - total 15.3 43.8 Unit Costs: Gold production costs ($/oz sold)(5)$350$356Gold - All-in sustaining costs on a by-product basis ($/oz sold)(1)(5)$586$494Gold - All-in costs on a by-product basis ($ /oz sold)(1)(5)$769$819 (1)Non-GAAP measure. See discussion under “Non-GAAP Measures”.(2)Includes 6,654 ounces sold before the mine was in commercial production.(3)Capital expenditures are presented on a cash basis.(4)Non-sustaining capital expenditures are distinct projects designed to have a significant increase in the net present value of the mine. In the current year, non-sustaining capital expenditures included construction costs.(5)Calculated starting from June 1, 2020, after Öksüt achieved commercial production effective May 31, 2020. Fourth Quarter 2020 Earnings from mine operations were $53.4 million in the fourth quarter of 2020. Cash provided by mine operations was $61.8 million and free cash flow from mine operationsNG was $46.5 million in the fourth quarter of 2020. During the fourth quarter of 2020, the Company spent $6.2 million on construction and development activities at Öksüt compared to $28.8 million in the fourth quarter of 2019. Total ounces of gold sold were 39,380 in the fourth quarter of 2020 at an average realized price of $1,887 per ounce, resulting in revenue recognized of $74.3 million for the quarter. Mining in the fourth quarter of 2020 was focused on the development of phase 3 and phase 4 of the Keltepe pit, with total tonnes mined of 4.4 million tonnes. Mining costs were $1.71 per tonne in the fourth quarter of 2020. Processing in the fourth quarter of 2020 was focused on the preparation, stacking and irrigation of the heap leach pad, with tonnes stacked of 0.95 million at a grade of 0.78 g/t. Processing costs, including crushing costs were $5.22 per tonne. Gold production costs were $350 per ounce, all-in sustaining costs on a by-product basisNG were $586 per ounce and all-in costs on a by-product basisNG were $769 per ounce for the fourth quarter of 2020. Year-ended December 31, 2020 Earnings from mine operations were $135.3 million in 2020, representing earnings while in commercial production. Cash provided by mine operations was $146.1 million and free cash flow from mine operationsNG of $105.2 million were recognized in 2020, as capital costs associated with the project continued to be incurred. During 2020, the Company spent $30.4 million on construction and development activities at Öksüt compared to $86.5 million in 2019. Total ounces of gold sold in 2020 was 105,503 ounces including 98,849 ounces while in commercial production. The sale of gold was recorded as revenue starting on June 1, 2020, after Öksüt achieved commercial production. Previously, revenue and costs of gold sales during the testing stage were capitalized against construction costs. Öksüt mined 15.1 million tonnes in 2020 at a cost of $1.77 per tonne. At the end of December 2020, 3.47 million tonnes of ore averaging 1.41 g/t gold had been placed onto the heap leach pad and was under leach with an estimated accumulated recovery to date of 76.2% which includes estimated gold in process inventory. Processing costs were $5.34 per tonne and total gold produced was 106,068 ounces in 2020. Gold production costs per were $356 per ounce, all-in sustaining costs on a by-product basisNG were $494 per ounce and all-in costs on a by-product basisNG were $819 per ounce in 2020 (post commercial production). Molybdenum Business UnitThe molybdenum business includes two North American primary molybdenum mines that are currently on care and maintenance: the Thompson Creek mine (mine and process plant) in Idaho and the 75%-owned Endako mine (mine, process plant and roaster) in British Columbia. The molybdenum business also includes the Langeloth metallurgical roasting facility (the Langeloth Facility) in Pennsylvania. The Thompson Creek mine (the “TC mine”) operates a molybdenum beneficiation circuit to treat molybdenum concentrates to supplement the concentrate feed sourced directly for the Langeloth Facility. This beneficiation process allows the Company to process high copper content molybdenum concentrate purchased from third parties, which is then transported from TC mine to the Langeloth Facility for further processing. The molybdenum business provides tolling treatment services for customers by converting molybdenum concentrates to molybdenum oxide powder, briquettes and ferromolybdenum products. Additionally, molybdenum concentrates are purchased to convert to upgraded products which are then sold in the metallurgical and chemical markets. COVID-19 At the end of the fourth quarter of 2020, the molybdenum business remained COVID-19 free. ($ millions, except as noted)Three months ended December 31,Twelve months ended December 31,Financial Highlights: 2020 2019% Change 2020 2019% ChangeMolybdenum (Mo) revenue 33.7 40.7(17%) 132.3 204.7(35%)Tolling, calcining and other revenue 0.9 1.5(40%) 4.7 8.1(42%)Total revenues$34.6$42.2(18%)$137.0$212.8(36%) Production costs 34.3 50.8(33%) 151.2 215.2(30%)Depreciation, depletion and amortization 1.7 1.70% 6.7 5.034%Loss from mine operations$(1.3)$(10.2)(87%)$(20.9)$(7.4)182%Exploration and development costs - 0.1(100%) - 0.1(100%)Care and Maintenance costs - Molybdenum mines 3.1 3.3(6%) 12.9 13.4(4%)Reclamation expense 9.3 34.5(73%) 53.4 34.555%Other operating expenses 0.4 0.6(37%) 2.1 2.7(22%)Net loss from operations$(14.1)$(48.7)(71%)$(89.3)$(58.1)54% Cash (used in) provided by operations (3.8) (12.9)71% 11.4 (20.2)(156%)Free cash flow (deficit) from operations (1) (6.2) (14.1)56% 5.6 (25.0)122% Operating Highlights (000's lbs): Mo purchased 2,924 4,723(38%) 13,577 17,779(24%)Mo roasted 2,712 3,235(16%) 13,760 17,384(21%)Mo sold 3,610 3,5781% 13,667 16,035(15%)Toll roasted and upgraded Mo 385 773(50%) 2,383 5,059(53%) Average Mo spot price ($/lb) 9.01 9.65(7%) 8.68 11.35(24%) Total capital expenditure 2.3 1.1110% 5.8 5.48% (1)Non-GAAP measure. See discussion under “Non-GAAP Measures”. Fourth Quarter 2020 compared to Fourth Quarter 2019 A loss from operations of $14.1 million was recognized in the fourth quarter of 2020 compared to a loss of $48.7 million in the fourth quarter of 2019. The decrease was due to lower reclamation expense related to the change in the asset retirement obligation and a higher gross margin on material sold. Cash used in operations of $3.8 million was recognized in the fourth quarter of 2020, compared to $12.9 million in the fourth quarter of 2019. The decrease was due to a reduced loss from operations excluding the non-cash movement in reclamation expense at the non-operating sites. A free cash flow deficit from operationsNG of $6.2 million was recognized in the fourth quarter of 2020 compared to a free cash flow deficit from operationsNG of $14.1 million in the fourth quarter of 2019, due to a decrease in cash used by operations. Molybdenum roasted was 2.7 million pounds in the fourth quarter of 2020 compared to 3.2 million pounds in the fourth quarter of 2019. The decrease was the result of the decline in availability of feed for roasting. A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7cc4c546-4171-48dc-a27e-4165e4c85104 Year-ended December 31, 2020 compared to 2019A loss from operations of $89.3 million was recognized in 2020 compared to a loss of $58.1 million in 2019. The loss recorded in 2020 included a $53.4 million reclamation charge for an increase in the asset retirement obligation, as a result of a decrease in the risk-free interest rate used for discounting the liability, compared to a $34.5 million reclamation charge in 2019. The loss recorded in 2020 also included a $13.6 million non-cash write down in product inventory as a result of the continuing decline in the molybdenum price compared to $8.4 million in 2019. Cash provided by operations was $11.4 million in 2020 compared to cash used by operations of $20.2 million in 2019. The increase was due to a $22.8 million United States tax refund received in the current year as a result of a change in income tax laws affecting prior year tax filings and an increase in cash generated from working capital. In 2020, 13.8 million pounds of molybdenum were roasted, including 2.4 million pounds from tolling arrangements, which represented a 21% and 53% decrease over 2019, respectively. The decrease was primarily due to the decline in demand for industrial products that use molybdenum which was adversely affected by the demand disruption created by the COVID-19 pandemic. Pre-Development Projects Kemess Underground Project:The Kemess Project (“Kemess”) is located in north-central British Columbia, Canada, approximately 250 kilometres north of Smithers, 430 kilometres northwest of Prince George and 209 kilometres from the Mount Milligan mine. The Kemess site includes infrastructure from the past producing Kemess South mine. There are currently no mining activities at the Kemess site and on-site activities consist of care and maintenance work and pre-development activities for the proposed Kemess Underground Project. COVID-19The Kemess Project continues to monitor controls that have been put in place to manage the exposure of its workforce to COVID-19 and has added to these controls as required. These measures have resulted in a COVID-19 free environment. Fourth Quarter 2020 compared to Fourth Quarter 2019 Care and maintenance costs of $4.2 million were recognized in the fourth quarter of 2020, compared to $5.2 million recognized in the fourth quarter of 2019. Capital expenditures of $2.2 million were recognized in the fourth quarter of 2020, compared to $7.1 million in the fourth quarter of 2019. The capital expenditures in the fourth quarter of 2020 included costs for technical engineering studies and the installation and commissioning of site generators. The capital expenditures in the fourth quarter of 2019 included the construction of a water treatment plant and water distribution system. Year-ended December 31, 2020 compared to 2019 Care and maintenance costs of $16.1 million were recognized in 2020, compared to $14.9 million recognized in 2019. Capital expenditures of $12.9 million were recognized in 2020, compared to $32.7 million in 2019. The capital expenditures in 2020 included costs for technical engineering studies, water treatment plant performance testing, completion of the southern collection system pond construction and the installation and commissioning of site generators. The capital expenditures in 2019 included expenditures for the water treatment plant, camp refurbishment and mobile equipment purchases. Greenstone Gold Property:The Greenstone Gold property is located in northern Ontario, Canada approximately 275 kilometres northeast of Thunder Bay and includes the Hardrock deposit. On December 15, 2020, the Company entered into an agreement with an affiliate of the Orion Mine Finance Group (“Orion”) and Premier Gold Mines Limited to sell the Company’s 50% interest in the Greenstone Partnership to Orion for cash consideration of $225 million, subject to certain adjustments and contingent consideration of approximately $75 million, assuming a gold price of $1,500 per ounce, based on the successful construction and operation of the mine, which will be recorded on achieving the applicable milestones. On January 19, 2021, the Company completed the sale of its 50% interest in the Greenstone Gold Mines Partnership with final cash consideration received of $210 million, net of adjustments. As a result of the closing of this transaction, the Company expects to recognize a gain of approximately $72 million in the first quarter of 2021 Quarterly Results – Previous Eight Quarters Over the last eight quarters, Centerra’s results reflect the impact of increasing gold sales during a period of rising gold prices. Production costs have also benefited from decreasing diesel fuel costs and depreciating Kyrgyz and Turkish currencies over the last eight quarters. Gold sold on a quarterly basis steadily increased from the first quarter of 2019 to the third quarter of 2019, followed by a slight decline in the fourth quarter of 2019 and increasing again in the first nine months of 2020 as the Öksüt mine reached commercial production, with a decline in the fourth quarter of 2020 due to lower ounces sold at Kumtor. The third quarter of 2019 reflects the impairment of $230.5 million recorded on the Mount Milligan mine and a $10 million Kyrgyz Republic settlement expense. A non-cash reclamation expense was recognized in the fourth quarters of 2019 and 2020 of $31.4 million and $53.4 million, respectively, as a result of a change in the interest rate used to discount the reclamation costs at the two molybdenum mine sites which are not in operation. The quarterly financial results for the last eight quarters are shown below: $ million, except per share data20202019Quarterly data unaudited Q4Q3Q2Q1Q4Q3Q2Q1Revenue387515413374313388341334Net earnings (loss)952068820(12)(165)3350Basic earnings (loss) per share0.320.700.300.07(0.04)(0.56)0.110.17Diluted earnings (loss) per share0.320.680.290.06(0.04)(0.56)0.110.17 Related party transactions KyrgyzaltynThe sole customer of gold doré from the Kumtor mine, Kyrgyzaltyn JSC (“Kyrgyzaltyn”), is a shareholder of the Company and is a state-owned entity of the Kyrgyz Republic. Gold produced by the Kumtor mine is purchased at the mine site by Kyrgyzaltyn, for processing at its refinery in the Kyrgyz Republic pursuant to the Restated Gold and Silver Sales Agreement (“Sales Agreement”), dated June 6, 2009 between KGC, Kyrgyzaltyn and the Government of the Kyrgyz Republic. Amounts receivable from Kyrgyzaltyn arise from the sale of gold to Kyrgyzaltyn. Kyrgyzaltyn is required to pay for gold delivered within 12 days from the date of shipment. Default interest is accrued on any unpaid balance after the permitted payment period of 12 days. The obligations of Kyrgyzaltyn are partially secured by a pledge of 2,850,000 shares of the Company owned by Kyrgyzaltyn. Revenues from the Kumtor mine are subject to a management fee of $1.00 per ounce based on sales volumes, payable to Kyrgyzaltyn. The breakdown of the sales transactions and expenses with Kyrgyzaltyn, and the management fees paid and accrued by KGC to Kyrgyzaltyn according to the terms of the Sales Agreement are as follows: 2020 2019Sales: Gross gold and silver sales to Kyrgyzaltyn(1)$995,111 $836,689Deduct: refinery and financing charges (6,164) (5,141)Net sales revenue received from Kyrgyzaltyn$988,947 $831,548Expenses: Contracting services provided by Kyrgyzaltyn(2)$658 $1,146Management fees payable to Kyrgyzaltyn 569 600Expenses paid to Kyrgyzaltyn$1,227 $1,746 (1)As at December 31, 2020, there is no amount receivable from Kyrgyzaltyn from gold sales (December 31, 2019 - $0.1 million).(2)As at December 31, 2020, there is $0.9 million payable to Kyrgyzaltyn (December 31, 2019 - $1.2 million). Transactions with directors and key management The Company transacts with key management personnel and directors, who have authority and responsibility to plan, direct and control the activities of the Company, for services rendered in their capacity as directors and employees. Key management personnel are defined as the executive officers of the Company including the President and Chief Executive Officer, Vice President and Chief Financial Officer, Vice President and Chief Operating Officer, Vice President and General Counsel, Vice President Business Development & Exploration, and Vice President and Chief Human Resources Officer who joined the Company in February 2020. The increase in compensation for key management personnel salaries and benefits is a combination of increase in executive officers from five to six together an increase in short-term incentives. The share-based compensation is driven by performance of the Company’s share price relative to the S&P/TSX Global Gold Index Total Return Index Value. During the years ended December 31, 2020 and 2019, remuneration to directors and key management personnel were as follows: Compensation of directors 2020 2019Fees earned and other compensation$820 $1,259Share-based compensation 3,011 2,465Total expense$3,831 $3,724 Compensation of key management personnel 2020 2019Salaries and benefits$6,354 $4,311Share-based compensation 9,264 7,756Total expense$15,618 $12,067 In 2020, the Company incurred an amount of $94 for services rendered by a family member of one of Centerra’s key management personnel. This person was acting as a consultant. Contingencies The following is a summary of contingencies with respect to matters affecting the Company and its subsidiaries. Readers are cautioned that the following is only a brief summary of such matters. For a more complete discussion of these matters, see the Company’s news releases and its most recently filed Annual Information Form and specifically the section therein entitled “Risks that can affect our business” available on SEDAR at www.sedar.com. The following summary also contains forward-looking statements and readers are referred to “Caution Regarding Forward-looking Information”. Kyrgyz Republic The Kyrgyz Parliamentary elections held in early October 2020 resulted in a period of political and social disruption in the Kyrgyz Republic, eventually leading to the cancellation of the Parliamentary election results and the resignation of the then Kyrgyz Prime Minister and President. Presidential elections were held in the Kyrgyz Republic on January 10, 2021, with Mr. Sadyr Japarov being elected President. A non-binding referendum on the Kyrgyz Republic’s form of government was also held on January 10, 2021 and the Company expects a process of constitutional reform to unfold in the coming months leading to a presidential form of government. The Company understands that a parliamentary commission has been formed by the Kyrgyz Republic Parliament in February 2021, to review the effectiveness of the Kumtor Mine’s activities. The Company will review the mandate for the parliamentary commission when it becomes available to determine the precise scope of the commission’s proposed review and its response to the inquiries, if necessary. Despite the changes to the political landscape in the Kyrgyz Republic and the uncertainty of the Parliamentary elections, the Kumtor operations have continued uninterrupted. The Company continues to monitor the situation with the objective of ensuring that the Kumtor mine continues its operation uninterrupted in accordance with its project agreements. Canada Mount Milligan Mine As previously disclosed, in the first quarter of 2020, the Company received a notice of civil claim from H.R.S. Resources Corp. (“H.R.S.”), the holder of a 2% production royalty at Mount Milligan. H.R.S. claims that since November 2016 (when the royalty became payable) the Company has incorrectly calculated amounts payable under the production royalty agreement and has therefore underpaid amounts owing to H.R.S. The Company disputes the claim and believes it has correctly calculated the royalty payments in accordance with the agreement. The Company believes that the potential exposure in relation to this claim, over what the Company has accrued, is not material. Other The Company operates in multiple countries around the world and accordingly is subject to, and pays, taxes under the various regimes in those jurisdictions in which it operates. These tax regimes are determined under general taxation and other laws of the respective jurisdiction. The Company has historically filed, and continues to file, all required tax returns and to pay the taxes reasonably determined to be due. The tax rules and regulations in many countries are complex and subject to interpretation. From time to time the Company’s tax filings are subject to review and in connection with such reviews, disputes can arise with the taxing authorities over the Company’s interpretation of the country’s tax laws. The Company records provisions for future tax assessments considered to be probable. As at December 31, 2020, the Company did not have any material provision for claims or taxation assessments. Contractual Obligations The following table summarizes Centerra’s contractual obligations as of December 31, 2020, including payments due over the next five years and thereafter: $ millions Total Due in Less than One Year Due in 1 to 3 Years Due in 4 to 5 Years Due After 5 Years Kumtor Reclamation trust fund (1)$22.0$6.0$16.0 - Capital equipment (2) 27.3 27.3 - - - Operational supplies 24.1 24.1 - - -Mount Milligan Operational supplies 1.0 1.0 - - - Leases 13.9 4.3 7.7 1.9 -Öksüt Capital equipment (2) 3.0 2.3 0.7 - - Operational supplies 0.5 0.5 - - - Leases 0.7 0.4 0.3 - -Kemess Project Project development - - - - -Corporate and other Leases 5.9 0.7 1.7 3.5 -Total contractual obligations (2)$98.4$66.6$26.4$5.4$- (1)Centerra’s future estimated decommissioning and reclamation costs for the Kumtor mine are present-valued at $56.5 million to be incurred beyond 2031. The settlement agreement with the Kyrgyz Republic Government requires this restricted cash to be funded at a rate of $6.0 million per year until the Reclamation Trust Fund reaches the total estimated reclamation cost for the Kumtor Project (no less than $69.0 million). The estimated future cost of closure, reclamation and decommissioning of the project are used as the basis for calculating the amount remaining to be deposited in the Reclamation Trust Fund ($69.0 million). On December 31, 2020 the balance in the Reclamation Trust Fund was $47.0 million (2019 - $40.9 million), with the remaining $22.0 million to be funded over the life of the mine.(2)Excludes trade payables and accrued liabilities. Accounting Estimates, Policies and Changes Accounting EstimatesThe preparation of consolidated financial statements in accordance with IFRS requires management to make judgments, estimates and assumptions that affect the application of the Company’s accounting policies, which are described in note 3 of the consolidated financial statements, the reported amounts of assets and liabilities and disclosure of commitments and contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The determination of estimates requires the exercise of judgment based on various assumptions and other factors such as historical experience, current and expected economic conditions. Actual results could differ from those estimates. Management’s estimates and underlying assumptions are reviewed on an ongoing basis. Any changes or revisions to estimates and underlying assumptions are recognized in the period in which the estimates are revised and in any future periods affected. Changes to these critical accounting estimates could have a material impact on the consolidated financial statements. The key sources of estimation uncertainty and judgment used in the preparation of the consolidated financial statements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities and earnings within the next financial year are outlined in detail in note 4 of the December 31, 2020 financial statements. Disclosure Controls and Procedures and Internal Control Over Financial Reporting The Company’s management, including the CEO and CFO, is responsible for the design of disclosure controls and procedures (“DC&P”) and internal controls over financial reporting (“ICFR”). Centerra adheres to the Committee of Sponsoring Organizations of the Treadway Commission’s (“COSO”) revised 2013 Internal Control Framework for the design of its ICFR. There was no material change to the Company’s internal controls over financial reporting that occurred during 2020 that has materially affected, or is reasonably likely to materially affect, the Company’s internal controls over financial reporting. The evaluation of DC&P and ICFR was carried out under the supervision of and with the participation of management, including Centerra’s CEO and CFO. Based on these evaluations, the CEO and the CFO concluded that the design and operation of these DC&P and ICFR were effective throughout 2020. Non-GAAP Measures In the fourth quarter of 2020, the Company elected to present the World Gold Council’s (“WGC”) financial measure all-in costs on a by-product basis per ounce (“AIC”), which incorporates non-sustaining capital expenditures and certain development and overhead costs in addition to the sustaining costs that are included in the all-in sustaining costs on a by-product basis metric. Management believes the AIC metric will assist stakeholders in understanding the costs associated with producing gold over the entire lifecycle of the mine. This document contains the following non-GAAP financial measures: all-in sustaining costs per ounce on a by-product basis, all-in sustaining costs per ounce on a by-product basis including revenue-based taxes, all-in sustaining costs per ounce on a co-product basis and all-in costs on a by-product basis per ounce. In addition, non-GAAP financial measures include adjusted net earnings, adjusted net earnings per common share (basic and diluted), average realized gold price, average realized copper price, adjusted cash provided by operations, free cash flow from operations and adjusted free cash flow from operations. These financial measures do not have any standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other issuers, even as compared to other issuers who may be applying the WGC guidelines, which can be found at http://www.gold.org. Management believes that the use of these non-GAAP measures will assist analysts, investors and other stakeholders of the Company in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing our operating performance, our ability to generate free cash flow from current operations and to generate free cash flow on an overall Company basis, and for planning and forecasting of future periods. However, the measures do have limitations as analytical tools as they may be influenced by the point in the life cycle of a specific mine and the level of additional exploration or expenditures a company has to make to fully develop its properties. Accordingly, these non-GAAP measures should not be considered in isolation, or as a substitute for, analysis of our results as reported under GAAP. DefinitionsThe following is a description of the non-GAAP measures used in this MD&A: All-in sustaining costs on a by-product basis per ounce include adjusted operating costs, the cash component of capitalized stripping costs, corporate general and administrative expenses, accretion expenses, and sustaining capital, net of copper and silver credits. The measure incorporates costs related to sustaining production. When calculating all-in sustaining costs on a by-product basis, all revenue received from the sale of copper from the Mount Milligan mine, as reduced by the effect of the copper stream, is treated as a reduction of costs incurred. All-in sustaining costs on a by-product basis per ounce excludes revenue-based taxes.All-in sustaining costs on a by-product basis per ounce including revenue-based taxes, include revenue-based taxes at Kumtor.All-in sustaining costs on a co-product basis per ounce of gold or per pound of copper, are based on an allocation of production costs between copper and gold based on the conversion of copper production to ounces of gold equivalent. For the fourth quarter and year-end of 2020, 576 and 633 pounds of copper, respectively, were equivalent to one ounce of gold. All-in sustaining costs on a co-product basis per ounce of gold or per pound of copper excludes revenue-based taxes.All-in costs on a by-product basis per ounce include all-in sustaining costs on a by-product basis including revenue-based taxes, exploration and study costs, non-sustaining capital expenditures, care and maintenance and pre-development costs.Non-sustaining capital expenditures are costs incurred at new operations and costs related to major projects at existing operations where these projects will materially benefit the operation.Adjusted net earnings is calculated by adjusting net earnings (loss) as recorded in the consolidated statements of income (loss) and comprehensive income (loss) for items not associated with ongoing operations.Adjusted cash provided by operations is calculated by adjusting cash provided by operations as recorded in the condensed consolidated interim statements of statements of cash flows for items not associated with ongoing operations.Average realized gold price is calculated by dividing the different components of gold sales (including third party sales, mark to market adjustments, final pricing adjustments and the fixed amount received under the Mount Milligan Streaming Arrangement(1)) by the number of ounces sold.Average realized copper price is calculated by dividing the different components of copper sales (including third party sales, mark to market adjustments, final pricing adjustments and the fixed amount received under the Mount Milligan Streaming Arrangement(1)) by the number of pounds sold.Free cash flow is calculated as cash provided by operations less additions to property, plant and equipment.Free cash flow from mine operations is calculated as cash provided by mine operations less additions to property, plant and equipment.Adjusted free cash flow from operations is calculated as free cash flow adjusted for items not associated with ongoing operations. (1)Realized revenue for the gold and copper concentrate produced at the Mount Milligan mine reflects the actual price received from customers upon final settlement for both the contained gold and copper, less the difference between the cost of the purchased refined gold and copper warrants to satisfy the Company’s obligations under the Mount Milligan Streaming Arrangement and the amount the Company receives under that arrangement. Certain unit costs, including all-in sustaining costs on a by-product basis (including and excluding revenue-based taxes) per ounce are non-GAAP measures and can be reconciled as follows: Three months ended December 31,Twelve months ended December 31,(Unaudited - $ millions, unless otherwise specified)ConsolidatedKumtorMount MilliganÖksütConsolidatedKumtorMount MilliganÖksüt 20202019202020192020201920202020201920202019202020192020 Production costs attributable to gold80.577.342.449.624.327.713.8344.7363.1194.8228.6114.7134.535.2Production costs attributable to copper23.521.4--23.521.4-94.798.2--94.798.2-Total production costs excluding molybdenum segment, as reported104.098.742.449.647.849.113.8439.4461.3194.8228.6209.4232.735.2Adjust for: Third party smelting, refining and transport costs3.63.81.11.32.52.5-15.014.06.25.18.88.9-By-product and co-product credits(53.0)(31.9)--(53.0)(31.9)-(178.6)(140.8)--(178.6)(140.8)-Community costs related to current operations2.22.42.22.4---19.38.719.38.7---Adjusted production costs56.873.045.753.3(2.7)19.713.8295.1343.2220.3242.439.6100.835.2Corporate general administrative and other costs17.69.0--0.3--46.144.6--1.2--Reclamation and remediation - accretion (operating sites)0.30.50.30.4-0.1-1.01.91.01.4-0.5-Capitalized stripping(1)55.328.248.128.2--7.2154.076.5142.576.5--11.5Sustaining capital expenditures(1)33.716.715.27.816.68.91.997.774.258.038.637.835.61.9Sustaining leases1.98.4--1.78.40.25.012.4--4.812.40.2All-in sustaining costs on a by-product basis165.6135.8109.389.715.937.123.1599.0552.8421.8358.983.4149.348.8Revenue-based taxes25.228.325.228.3---138.5116.4138.5116.4---All-in sustaining costs on a by-product basis (including revenue-based taxes)190.8164.1134.5118.015.937.123.1737.5669.2560.3475.383.4149.348.8Exploration and study costs13.09.05.54.33.01.31.039.228.015.911.37.54.01.7Non-sustaining capital expenditures(1)(2)20.242.39.42.9--6.269.8148.916.816.0--30.4Care and maintenance costs and pre-development costs5.810.8-----24.332.7-----All-in costs on a by-product basis229.8226.2149.4125.218.938.430.3870.8878.8593.0502.690.9153.380.9Ounces sold (000's)169.9169.996.6136.633.933.339.4822.1780.6569.2600.2154.1180.498.8Pounds sold (millions)19.014.3--19.014.3- Gold production costs ($ /oz sold)474455439363716831350419465342381744746356Gold - All-in sustaining costs on a by-product basis ($ /oz sold)9747991,1316574691,114586729708741598541828494Gold - All-in sustaining costs on a by-product basis, including revenue-based taxes ($ /oz sold)1,1229661,3918644691,114586897857984792541828494Gold - All-in costs on a by-product basis ($ /oz sold)1,3521,3311,5459165581,1557691,0591,1261,042838590849819Gold - All-in sustaining costs on a co-product basis ($ /oz sold)1,0738291,1316571,0331,269586799737741598934950494Copper production costs ($ /pound sold)1.241.50 n/a n/a1.241.50 n/a 1.181.46 n/a n/a1.181.46 n/a Copper - All-in sustaining costs on a co-product basis ($ /pound sold)1.792.28 n/a n/a1.792.28 n/a 1.471.85 n/a n/a1.471.85 n/a (1)Capital expenditures are presented on a cash basis.(2)Non-sustaining capital expenditures are distinct projects designed to have a significant increase in the net present value of the mine. In the current year, non-sustaining capital expenditures included construction costs related to the Öksüt mine and additional costs related to cut-back 20 at the Kumtor mine. Adjusted net earnings can be reconciled as follows:Adjusted net earnings is intended to provide investors with information about the Company’s continuing income generating capabilities. This measure adjusts for the earnings impact of items not associated with ongoing operations.} Three months ended December 31,Twelve months ended December 31,($ millions, except as noted)2020201920202019 Net earnings$95.2$(12.2)$408.5$(93.5) Adjust for items not associated with ongoing operations: Kyrgyz Republic settlement - - - 10.0 Asset Impairment - Mount Milligan - - - 230.5 ARO revaluation at sites on care and maintenance 9.3 34.5 53.4 34.5 Adjusted net earnings$104.5$22.3$461.9$181.5 Net earnings (loss) per share - basic$0.32$(0.04)$1.39$(0.32)Net earnings (loss) per share - diluted$0.32$(0.04)$1.37$(0.32)Adjusted net earnings per share - basic$0.35$0.08$1.57$0.62Adjusted net earnings per share - diluted$0.35$0.08$1.55$0.62 Adjusted cash provided by operations can be reconciled as follows: Three months ended December 31Twelve months ended December 31($ millions, except as noted)2020201920202019 Cash provided by operations$182.0$92.5$930.0$334.1 Adjust for items not associated with ongoing operations: Kyrgyz Republic settlement payment - - 5.0 62.6 Adjusted cash provided by operations$182.0$92.5$935.0$396.7 Free cash flow and Adjusted free cash flow are calculated as follows: Three months ended December 31Twelve months ended December 31($ millions, except as noted)2020201920202019 Cash provided by operations (1)$182.0$92.5$930.0$334.1 Adjust for: Additions to property, plant and equipment (1) (105.2) (92.9) (326.2) (299.4) Free cash flow (deficit)$76.8$(0.4)$603.8$34.7 Adjust for: Kyrgyz Republic settlement payment - - 5.0 62.6 Adjusted Free cash flow (deficit)$76.8$(0.4)$608.8$97.3 (1)As presented in the Company’s Consolidated Statement of Cash Flows. Average realized sales price for gold The average realized gold price per ounce sold is calculated by dividing gold sales revenue, together with the final pricing adjustments and mark-to-market adjustments by the ounces sold, as shown in the table below: Average realized sales price for goldThree months ended December 31,Twelve months ended December 31, 2020201920202019 Gold sales reconciliation ($ millions) Gold sales - Kumtor178.1200.5981.6827.5Gold sales - Öksüt74.3-186.5- Gold sales - Mt. Milligan Gold sales related to cash portion of Royal Gold stream5.15.123.527.4Mark-to-market adjustments on sales to Royal Gold0.20.76.31.7Final adjustments on sales to Royal Gold(0.4)(0.9)(10.7)(4.0)Total gold sales under Royal Gold stream4.94.919.125.1 Gold sales to third party customers41.232.8175.0164.3Mark-to-market adjustments2.42.74.0(2.7)Final pricing adjustments(1.9)(1.6)9.08.6Final metal adjustments0.3(0.7)(1.4)(0.2)Total gold sales to third party customers42.033.2186.6170.0Gold sales, net of adjustments46.938.1205.7195.1Refining and treatment costs(0.2)(0.2)(0.7)(0.9)Total gold sales46.737.9205.0194.2 Total gold revenue - Consolidated299.2238.41,373.11,021.7 Ounces of gold sold Gold ounces sold - Kumtor96,641136,568569,213600,231Gold ounces sold - Öksüt39,380-98,849-Ounces sold to Royal Gold - Mt. Milligan11,84211,57753,68462,800Ounces sold to third party customers - Mt. Milligan22,08721,747100,416117,623 Total ounces sold - Consolidated(1)169,950169,892822,162780,654 Average realized sales price for gold on a per ounce basis Average realized sales price - Kumtor1,8431,4681,7251,379Average realized sales price - Öksüt1,887-1,887- Average realized gold price - Royal Gold435435435435Average realized gold price - Mark-to-market adjustments154311827Average realized gold price - Final pricing adjustments(31)(80)(199)(64)Average realized gold price - Mt. Milligan - Royal Gold419398354398 Average realized gold price - Third party1,8661,5101,7431,397Average realized gold price - Mark-to-market adjustments10812640(23)Average realized gold price - Final pricing adjustments(88)(71)9073Average realized gold price - Final metal adjustments13(30)(14)(2)Average realized gold price - Mt. Milligan - Third party1,8991,5351,8591,445Average realized gold price - Mt. Milligan - Combined1,3761,1371,3301,077 Average realized sales price for gold - Consolidated1,7601,4031,6701,309 (1)Includes ounces sold at Öksüt from June 1, 2020, after Öksüt achieved commercial production on May 31, 2020. Average realized sales price for Copper - Mount Milligan The average realized copper price per pound is calculated by dividing copper sales revenue, together with the final pricing adjustments and mark-to-market adjustments per pound, as shown in the table below: Average realized sales price for Copper - Mount MilliganThree months ended December 31,Twelve months ended December 31, 2020201920202019 Copper sales reconciliation ($ millions) Copper sales related to cash portion of Royal Gold stream1.71.06.25.2Mark-to-market adjustments on Royal Gold stream0.4(0.6)2.1(0.9)Final adjustments on sales to Royal Gold(1.3)(0.2)(3.5)(0.1)Total copper sales under Royal Gold stream0.80.24.84.2 Copper sales to third party customers49.130.0179.6147.0Mark-to-market adjustments3.25.45.48.1Final pricing adjustments3.51.16.80.6Final metal adjustments(0.2)(1.0)(2.8)(2.0)Total copper sales to third party customers55.635.5189.0153.7Copper sales, net of adjustments56.435.7193.8157.9Refining and treatment costs(3.4)(3.8)(15.2)(17.1)Copper sales53.031.9178.6140.8 Pounds of copper sold (000's lbs) Pounds sold to Royal Gold3,5632,68415,12412,682Pounds sold to third party customers15,41211,61765,35354,748Total pounds sold18,97514,30180,47767,430 Average realized sales price for copper on a per pound basis Copper sales related to cash portion of Royal Gold stream0.480.380.410.41Mark-to-market adjustments on Royal Gold stream0.11(0.21)0.14(0.07)Final pricing adjustments on Royal Gold stream(0.37)(0.07)(0.23)(0.01)Average realized copper price - Royal Gold0.220.100.320.33 Average realized copper price - Third party3.192.582.752.68Average realized copper price - Mark-to-market adjustments0.210.450.080.15Average realized copper price - Final pricing adjustments0.230.100.100.01Average realized copper price - Metal pricing adjustments(0.01)(0.09)(0.04)(0.04)Average realized copper price - Third party3.623.042.892.80 Average realized copper price - Combined2.792.232.222.09 Qualified Person & QA/QC – Production, Mineral Reserves and Mineral Resources The production information and other scientific and technical information presented in this document, including the production estimates were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101 and were prepared, reviewed, verified, and compiled by Centerra’s geological and mining staff under the supervision of Slobodan (Bob) Jankovic, Professional Geoscientist, member of the Association of Professional Geoscientists of Ontario (APGO) and Centerra’s Senior Director, Technical Services, who is a qualified person for the purpose of NI 43-101. Unless otherwise noted below, sample preparation, analytical techniques, laboratories used and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs are used. The Kumtor deposit is described in a NI 43-101 technical report dated February 24, 2021 and filed on SEDAR at www.sedar.com. The technical report describes the exploration history, geology, and style of gold mineralization at the Kumtor deposit. Sample preparation, analytical techniques, laboratories used, and quality assurance-quality control protocols used are described in the technical report. The Mount Milligan deposit is described in a NI 43-101 technical report dated March 26, 2020 and filed on SEDAR at www.sedar.com. The technical report describes the exploration history, geology, and style of gold mineralization at the Mount Milligan deposit. Sample preparation, analytical techniques, laboratories used, and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs. The Öksüt deposit is described in a NI 43-101 technical report dated September 3, 2015 and filed on SEDAR at www.sedar.com. The technical report describes the exploration history, geology, and style of gold mineralization at the Öksüt deposit. Sample preparation, analytical techniques, laboratories used, and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs. Mineral Reserves and Mineral Resources On February 24, 2021, the Company released the results of the updated mineral reserve and mineral resource estimates for the Kumtor Mine, the Mount Milligan Mine, the Öksüt Mine, and the Kemess Property, all as of December 31, 2020. The 2020 mineral reserves and resources estimate excludes the Greenstone property (Hardrock), the sale of which was announced December 15, 2020. For additional details, please see the news release “Centerra Gold 2020 Year-End Mineral Reserves and Resources, Kumtor Technical Report and Fourth Quarter Exploration Update” filed on SEDAR and posted on the Company’s website on February 24, 2021. Mount Milligan’s mineral reserves and mineral resources are presented on a 100% basis. Sales of gold and copper from the Mount Milligan Mine are subject to the Mount Milligan Streaming Arrangement whereby Royal Gold is entitled to 35% and 18.75% of gold and copper sales respectively. Under this streaming arrangement, Royal Gold pays Centerra $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered. Total gold mineral reserves and resources Gold (000s attributable ounces contained) (1)(4)20202019 Total proven and probable mineral reserves11,16611,086 Total measured and indicated mineral resources (2)7,94813,347 Total inferred mineral resources(2)(3)5,3796,722 (1)Centerra’s equity interests as at December 31, 2020, are as follows: Mount Milligan 100%, Kumtor 100%, Öksüt 100% and Kemess Underground and Kemess East 100%. The mineral reserves and mineral resources above reflect Centerra's equity interests in the applicable properties.(2)Mineral resources are in addition to mineral reserves. Mineral resources do not have demonstrated economic viability.(3)Inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or part of the inferred mineral resources will ever be upgraded to a higher category.(4)Production at Mount Milligan is subject to a streaming agreement which entitles Royal Gold to 35% of gold sales from the Mount Milligan Mine. Under the stream arrangement, Royal Gold will pay $435 per ounce of gold delivered. Mineral resources for the Mount Milligan property are presented on a 100% basis. Total copper mineral reserves and resources Copper (million pounds contained) (1)(4)20202019 Total proven and probable mineral reserves1,4671,589 Total measured and indicated mineral resources (2)5,3295,327 Total inferred mineral resources(2)(3)520502 (1)Centerra’s equity interests as at December 31, 2020, are as follows: Mount Milligan 100%, Kemess Underground 100%, Kemess East 100% and Berg 100%.(2)Mineral resources are in addition to mineral reserves. Mineral resources do not have demonstrated economic viability.(3)Inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or part of the inferred mineral resources will ever be upgraded to a higher category.(4)Production at Mount Milligan is subject to a streaming agreement which entitles Royal Gold to 18.75% of copper sales from the Mount Milligan mine. Under the stream arrangement, Royal Gold will pay 15% of the spot price per metric tonne of copper delivered. Mineral resources for the Mount Milligan property are presented on a 100% basis. Total molybdenum mineral reserves and resources Molybdenum (million pounds contained) (1)(3)(4)20202019 Total proven and probable mineral reserves-- Total measured and indicated mineral resources(2)636636 Total inferred mineral resources(3)5050 (1)Centerra’s equity interests are Berg 100%, Thompson Creek 100%, and Endako 75%.(2)Mineral resources are in addition to mineral reserves. Mineral resources do not have demonstrated economic viability.(3)Inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or part of the inferred mineral resources will ever be upgraded to a higher category.(4)Molybdenum mineral resources at Berg, Thompson Creek and Endako were estimated using a molybdenum price of $14.00 per pound. The exchange rate used at Berg and Endako was 1USD:1.25CAD Material assumptions used to determine mineral reserves and mineral resources are as follows: 20202019 Gold price Gold mineral reserves ($/oz)1,250-1,3501,250 Gold mineral resources ($/oz)1,500-1,5501,500 Copper price Copper mineral reserves ($/lb)3.003.00 Copper mineral resources ($/lb)3.503.50 Foreign exchange rates 1 USD : Cdn dollar1.251.25 1 USD : Kyrgyz som7065 1 USD : Turkish Lira5.505.50 Centerra Gold Inc.Consolidated Statements of Financial Position December 31, December 31, 2020 2019 (Expressed in thousands of United States Dollars) Assets Current assets Cash and cash equivalents $ 545,180 $42,717 Amounts receivable 66,108 79,022 Inventories 580,587 774,060 Assets held-for-sale 140,005 - Other current assets 40,961 36,869 1,372,841 932,668 Property, plant and equipment 1,686,067 1,669,516 Reclamation deposits 47,083 40,999 Other assets 30,018 58,470 1,763,168 1,768,985 Total assets $ 3,136,009 $2,701,653 Liabilities and Shareholders' equity Current liabilities Accounts payable and accrued liabilities $ 232,704 $238,339 Revenue-based tax payable 5,073 744 Income tax payable 2,474 1,034 Liabilities held-for-sale 2,255 - Other current liabilities 15,322 4,692 257,828 244,809 Long-term debt - 70,007 Deferred income tax liability 39,473 33,733 Provision for reclamation 351,149 265,049 Other liabilities 21,541 22,211 412,163 391,000 Shareholders' equity Share capital 975,122 960,404 Contributed surplus 30,601 26,278 Accumulated other comprehensive income (loss) 11,600 (752) Retained earnings 1,448,695 1,079,914 2,466,018 2,065,844 Total liabilities and Shareholders' equity $ 3,136,009 $2,701,653 Centerra Gold Inc. Consolidated Statements of Earnings (Loss) and Comprehensive Income (Loss) Three months ended December 31, Twelve months ended December 31, 2020 2019 2020 2019 (Expressed in thousands of United States Dollars) (except per share amounts) Revenue $ 386,811 $312,503 $ 1,688,675 $1,375,328 Cost of sales Production costs 138,256 149,431 590,624 676,632 Depreciation, depletion and amortization 65,117 59,279 305,286 239,511 Standby costs - 9,100 6,728 9,100 Earnings from mine operations 183,438 94,693 786,037 450,085 Revenue-based taxes 25,154 28,262 138,493 116,417 Exploration and development costs 14,673 14,599 47,442 45,958 Corporate administration 17,350 9,155 45,674 45,265 Care and maintenance expense 7,385 8,421 29,117 28,529 Impairment - - - 230,500 Other operating expenses 15,170 44,260 87,095 69,113 Earnings (loss) from operations 103,706 (10,004) 438,216 (85,697) Other expense (income), net 103 421 7,028 (1,450) Finance costs 5,487 5,260 14,941 16,337 Earnings (loss) before income tax 98,116 (15,685) 416,247 (100,584) Income tax expense (recovery) 2,905 (3,453) 7,709 (7,071) Net earnings (loss) $ 95,211 $(12,232) $ 408,538 $(93,513) Other Comprehensive Income (Loss) Items that may be subsequently reclassified to earnings: Net gain on translation of foreign operation $ 1,715 $701 $ 839 $1,753 Net unrealized gain (loss) on derivative instruments 8,339 37 11,513 (395) Post-retirement benefit - (22) - (22) Other comprehensive income (OCI) 10,054 716 12,352 1,336 Total comprehensive income (loss) $ 105,265 $(11,516) $ 420,890 $(92,177) Basic earnings (loss) per share$0.32 $(0.04) $1.39 $(0.32) Diluted earnings (loss) per share $0.32 $(0.04) $1.37 $(0.32) Centerra Gold Inc. Consolidated Statements of Cash Flows Three months ended December 31, Twelve months ended December 31, 2020 2019 2020 2019 (Expressed in thousands of United States Dollars) Operating activities Earnings (loss) from operations$95,211 $(12,233) $408,538 $(93,513) Adjustments for the following items: Depreciation, depletion and amortization 65,011 61,123 314,947 245,746 Finance costs 5,487 4,326 14,941 16,337 Share-based compensation expense 8,542 1,333 20,348 19,773 Reclamation expense 9,216 34,288 53,135 34,439 Asset impairment - - - 230,500 Other 4,299 4,212 40,747 (54,819) Cash provided by operations before changes in working capital187,766 93,049 852,656 398,463 Changes in working capital (5,800) (504) 77,359 (64,314) Cash provided by operations 181,966 92,545 930,015 334,149 Investing activities Property, plant and equipment additions (105,181) (92,908) (326,240) (299,443) (Increase) decrease in restricted cash (8) 587 25,246 (481) (Increase) decrease in other assets (186) 183 (2,382) (9,725) Cash used in investing (105,375) (92,138) (303,376) (309,649) Financing activities Debt drawdown - 95,932 250,000 302,804 Debt repayment - (121,986) (327,472) (417,986) Payment of borrowing costs (2,653) (1,895) (8,515) (9,293) Lease payments (1,601) (10,949) (6,037) (16,962) Proceeds from common shares issued 332 721 7,793 7,949 Dividends declared and paid (11,487) - (39,757) - Cash used in financing (15,409) (38,177) (123,988) (133,488) Increase (decrease) in cash during the year 61,182 (37,770) 502,651 (108,988) Cash at beginning of the year 484,186 80,487 42,717 151,705 Reclassified to assets held-for-sale (188) - (188) - Cash at end of the year$545,180 $42,717 $545,180 $42,717 The Audited Consolidated Financial Statements and Notes for the twelve months ended December 31, 2020 and Management’s Discussion and Analysis for the period ended December 31, 2020 have been filed on the System for Electronic Document Analysis and Retrieval (‘SEDAR’) at www.sedar.com and are available at the Company’s web site at: www.centerragold.com. The Interim Consolidated Financial Statements for the three months ended December 31, 2020 are unaudited.

2021-02-24 - Yahoo! Finance: CG.TO News

Centerra Gold Announces 2021 Guidance and 3-Year Outlook

This news release contains forward-looking information that is subject to assumptions and risk factors set out under the headings “Material Assumptions” and “Caution Regarding Forward-looking Information”. All production figures are on a 100% basis. All figures are in United States dollars (“US$”) unless otherwise stated. All references in this document denoted with NG, indicate a non-GAAP term which is discussed under “Non-GAAP Measures”. TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today the Company’s full-year guidance for 2021, including estimated gold production of 740,000 to 820,000 ounces and copper production of 70 to 80 million pounds. The Company also announced a three-year outlook reflecting growing gold production approaching the one million ounce level in 2022-2023 and declining costs underpinned by the higher gold production. 2021 to 2023 Outlook Highlights Strong organic gold growth production profile: 2021: 740,000 to 820,000 ounces.2022: 920,000 to 1,020,000 ounces.2023: 930,000 to 1,030,000 ounces. Maintain robust copper production profile: 2021: 70 to 80 million pounds.2022: 90 to 100 million pounds.2023: 70 to 80 million pounds. 2021 Guidance Highlights Gold production guidance of 740,000 to 820,000 ounces.Copper production guidance of 70 to 80 million pounds.Gold production costs guidance of $475 to $525 per ounce.All-in sustaining costs on a by-product basisNG guidance of $850 to $900 per ounce is higher than 2020 primarily due to Kumtor processing lower grade material from its stockpiles on surface.All-in costs on a by-product basisNG guidance of $1,175 to $1,230 per ounce.Total capital spending guidance of $430 to $480 million including capitalized stripping is higher than 2020 due to increased spending at Kumtor and Mount Milligan.Total capitalized stripping guidance of $230 to $245 million including $220 to $230 million at Kumtor primarily for mining cut-back 20 and $10 to $15 million at Öksüt.Cash provided by operations guidance of $750 to $800 million (assuming US$1,750 gold price).Free cash flowNG guidance of $350 to $400 million (assuming US$1,750 gold price).Exploration budget of $50 million with approximately 70% focused on brownfield exploration at our three existing operations. Scott Perry, President and Chief Executive Officer of Centerra stated, “For 2021, we are estimating consolidated gold production to be in the range of 740,000 to 820,000 ounces and 70 million to 80 million pounds of copper production from the Mount Milligan Mine. Centerra’s consolidated all-in sustaining cost on a by-product basisNG for 2021 is expected to be in the range of $850 to $900 per ounce, which includes higher all-in sustaining costsNG at the Öksüt Mine compared to 2020. Öksüt gold production in 2021 is estimated to be in the range of 90,000 to 110,000 ounces, and all-in sustaining cost on a by-product basisNG is estimated to be in the range of $730 to $780 per ounce. We expect that in 2021 the all-in sustaining cost on a by-product basisNG at Öksüt to be higher than the normal profile due to a combination of processing lower grade ore and additional sustaining capital expenditures related to construction of the Phase 2 of the heap leach pad. All-in sustaining costs on a by-product basisNG at Öksüt is expected to normalize after 2021 as the mine’s gold production increases from mining higher-grade ore in the Güneytepe pit and operating and capital costs decline.” “We are also pleased to announce our inaugural three-year outlook which reflects a growing gold production profile in 2022 and 2023. This brings Centerra close to expected annual gold production of approximately one million ounces with a declining cost profile which is expected to generate significant diversified free cash flow from our operations.” 2021 - 2023 Outlook See “Material Assumptions” for material assumptions or factors used to forecast production and costs. The Company’s three-year outlook is set out in the following table: Units2020Actual2021Guidance2022Outlook2023OutlookGold Production(Koz) Kumtor 556470 - 510540 - 590550 - 600Mount Milligan(1) 162180 - 200170 - 190180 - 210Öksüt 10690 - 110210 - 240200 - 220Consolidated Gold Production(Koz)824740 - 820920 – 1,020930 – 1,030Copper Production(1)(Mlb)8370-8090-10070-80Gold production costs(3)($/oz)419475 - 525390 – 440385 – 435All-in sustaining costs on a by-product basis(2),(3) 729850 - 900630 - 680700 – 750All-in sustaining costs on a by-product basis including revenue-based taxes(2),(3),(4) 8971,010 – 1,065775 – 835855 – 905All-in costs on a by-product basis (2),(3) 1,0591,175 – 1,230875 – 935925 – 975Capital Expenditures($M) Sustaining capital expenditures 98130 – 150130– 145100 – 115Non-sustaining capital expenditures(5) 7070 – 8535 - 5010 - 25Capitalized stripping costs(6) 194230 - 245155 - 175270 - 290Total Capital Expenditures($M)362430 – 480320 – 370380 – 430Outlook Assumptions(7) Gold Price($/oz)-1,7501,7501,750Copper Price($/lb)-3.363.403.40Canadian Dollar(CAD/USD)-1.311.271.25 (1) Mount Milligan production and ounces sold are on a 100% basis. The Mount Milligan Streaming Arrangement entitles Royal Gold to 35% and 18.75% of gold and copper sales, respectively, from the Mount Milligan Mine. Under the Mount Milligan Streaming Arrangement, Royal Gold will pay $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered. Assuming a market gold price of $1,750 per ounce and a market copper price of $3.36 per pound, Mount Milligan’s average realized gold and copper price would be $1,290 per ounce and $2.82 per pound, respectively.(2) Non-GAAP measure and is discussed under “Non-GAAP Measures”.(3) Figures are for consolidated Centerra Gold.(4) Includes only revenue-based taxes at Kumtor.(5) Non-sustaining capital expenditures are distinct projects designed to have a significant increase the net present value of the mine.(6) Presented capitalized stripping includes a cash and non-cash component.(7) Copper price for 2021 and CAD/USD exchange rates for 2021 and 2022, giving effect to hedges in place as at December 31, 2020. KumtorCenterra expects an increasing gold production profile at Kumtor over the 2021-2023 period. While the mid-point of gold production in 2021 is expected to be approximately 12% lower than 2020 gold production at the mine, Centerra expects 2022-2023 gold production levels to return to or exceed 2020 levels. Expansion of the mine fleet capacity is expected to allow Kumtor to exceed 2019 mining levels. 2021 capital expenditures are forecast to be less than what is reported in the 2021 Kumtor Technical Report due to eight haul truck purchases being deferred to 2022. Mill improvement projects, including a tower mill project for regrinding of flotation tails is expected to allow Kumtor to achieve higher targeted gold production levels. Gold production and all-in sustaining costs on a by-product basisNG over the three-year period are expected to reflect a growing gold production profile with unit costs per ounce fluctuating primarily due to changes in gold production. Mount MilliganCenterra expects strong gold and copper production at Mount Milligan over the 2021-2023 period. The Mount Milligan mill is expected to maintain a stable average daily throughput of approximately 60,000 tonnes per day, the maximum permitted rate. Installation of staged flotation reactors are expected to contribute to achieving targeted gold and copper production levels in 2022 and beyond. All-in sustaining costs on a by-product basisNG is expected to be at or below 2020 levels over the three-year period. Centerra expects to have adequate water inventory levels for targeted throughput and is working with government regulators, its First Nations partners, and other stakeholders to maintain access to its existing water resources and secure a stable long-term water solution. The long-term water solution is expected to require additional infrastructure, the capital for which is not included in the capital expenditure guidance. Mount Milligan’s current water level is in excess of 6 million cubic metres. ÖksütGold production at Öksüt in 2021 is expected to be approximately the same as 2020 levels, whereas in 2022 and 2023 gold production is expected to benefit from mining and processing higher grade ore from the Güneytepe pit subject to receipt of all required permits. Construction of Phase 2 of the heap leach pad is expected to be completed by the end of 2021, and with the expanded heap leach capacity, it is expected to be sufficient to achieve targeted gold production in 2022 and 2023. As the Güneytepe pit ore becomes available, the average grade of ore stacked to the heap leach pad is estimated to increase to approximately 2.22 g/t gold (Au) during 2022 and 2023 compared to the estimated 1.27 g/t Au in 2021 and the actual stacked grade of 1.40 g/t Au in 2020. Gold production and all-in sustaining costsNG profiles over the three-year period are expected to reflect a growing gold production profile with unit costs per ounce reducing with the increases in gold production. 2021 Guidance 2021 Gold Production GuidanceCenterra’s 2021 gold production is expected to be between 740,000 to 820,000 ounces. KumtorKumtor gold production in 2021 is expected to be in the range of 470,000 to 510,000 ounces and reflects lower average grades in the ore stockpiles available for processing compared to 2020. Gold production is expected to rise steadily throughout the year with the first quarter of 2021 contributing approximately 15% of annual gold production rising to approximately 35% in the fourth quarter of 2021. Total tonnes mined are expected to increase to a rate of approximately 550,000 tonnes per day from the average mining rate of 280,000 tonnes per day in 2020 due to the addition of new mining equipment, a resumption of waste rock dumping at the Lysii waste rock dump and fewer expected restrictions due to COVID-19. Mine operations are expected to be focused mainly on waste stripping from cut-back 20 during the first half of 2021, accessing greater amounts of ore in the second half of the year and accessing the high-grade ore in the fourth quarter. The Kumtor mill is scheduling a 6-day mill maintenance shutdown in the third quarter of the year to complete a replacement of the regrind mill motor and carry out SAG mill and regrind mill relines and other maintenance work. Mount MilliganAt Mount Milligan, the Company expects to achieve an average daily throughput of approximately 60,000 tonnes per calendar day. Mill maintenance downtimes are scheduled for the first quarter (5 days) and third quarter (4 days) to complete SAG Mill reline replacements and other maintenance work. Mount Milligan’s total (streamed and unstreamed) gold production is forecast to be in the range of 180,000 to 200,000 ounces. Gold and copper production is expected to be slightly back-end weighted in 2021 with the first half of the year representing 45% or more of the 2021 annual metal production total while the second half of the year will represent up to 55% of the 2021 annual metal production total. The Company plans to continue to work on continuous improvement projects in 2021, including secondary crusher improvements and the installation of staged flotation reactors which is expected to improve metal recoveries in future years. ÖksütAt Öksüt, 2021 will be the first full year of operations and gold production is expected to be in the range of 90,000 to 110,000 ounces. Gold production is expected to be back-end weighted in 2021 with the first half of the year representing 35% or more of the 2021 annual gold production total while the second half of the year will represent up to 65% of the 2021 annual gold production total. Mining will continue at the Keltepe pit in 2021 while the Güneytepe pit is expected to be developed from early 2022 assuming receipt of the forestry permit from the local authorities. The average grade of ore stacked to the heap leach pad in 2021 is expected to be approximately 1.27 g/t Au, which is lower than the average grade of ore stacked in 2020 of approximately 1.40 g/t Au. In 2021, Öksüt is expected to achieve a project-to-date accumulated heap leach recovery of 75%. The Company continues with construction of Phase 2 of the heap leach facility, where excavation has been completed and the Company is currently carrying out levelling activities with clay placement expected to start in May 2021. 2021 Copper Production GuidanceCenterra expects total (streamed and unstreamed) copper production from the Mount Milligan Mine to be in the range of 70 to 80 million pounds. Centerra’s 2021 production is currently forecast as follows: UnitsKumtorMountMilligan(1)Öksüt CenterraConsolidatedGold Unstreamed Gold Production(Koz)470-510117-13090-110677-750Streamed Gold Production(1)(Koz)-63-70-63-70Total Gold Production(2)(Koz)470-510180-20090-110740-820Copper Unstreamed Copper Production(Mlb)-57-65-57-65Streamed Copper Production(1)(Mlb)-13-15-13-15Total Copper Production(3)(Mlb)-70-80-70-80 (1) The Mount Milligan Streaming Arrangement entitles Royal Gold to 35% and 18.75% of gold and copper sales, respectively, from the Mount Milligan Mine. Under the Mount Milligan Streaming Arrangement, Royal Gold will pay $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered. (2) Gold production assumes recoveries of 81.9% at Kumtor, 63.9% at Mount Milligan and approximately 75% at Öksüt. (3) Copper production assumes 78.8% recovery for copper at Mount Milligan.2021 Sales, All-in Sustaining and All-in Unit Costs GuidanceNGCenterra’s 2021 sales, all-in sustaining costs per ounceNG calculated on a by-product and co-product basis, and all-in costs per ounceNG calculated on a by-product basis are forecasted as follows: UnitsKumtorMountMilliganÖksütCenterraConsolidated(2)Ounces of gold sold(Koz)470 -510180 - 20090 - 110740 - 820Gold production costs($/oz)400 - 450650 - 700500 - 550475 - 525All-in sustaining costs on a by-product basis(1)($/oz)950 – 1,000530 - 580730 - 780850 - 900Revenue-based taxes($/oz)250 - 255--160 - 165All-in sustaining costs on a by-product basis, including revenue-based taxes(1), (2), (3)($/oz)1,200 – 1,255530 - 580730 - 7801,010 – 1,065All-in costs on a by-product basis(1), (2), (3)($/oz)1,365 – 1,420590 - 640790 - 8401,175 – 1,230Gold - All-in sustaining costs on a co-product basis(1),(2)($/oz)950 – 1,000910-1,025730 - 780950-1,055Copper production costs($/lb)-1.30-1.45-1.30-1.45Copper - All-in sustaining costs on a co-product basis (1),(2)($/lb)-1.75-1.95-1.75-1.95 (1) All-in sustaining costs and all-in costs on a by-product and co-product basis are non-GAAP measures and are discussed under “Non-GAAP Measures”. Gold production cost per ounce is different from the all-in sustaining costs on a by-product basis measure and is considered the nearest GAAP measure.(2) Mount Milligan production and ounces sold are on a 100% basis (the Mount Milligan Streaming Arrangement entitles Royal Gold to 35% and 18.75% of gold and copper sales, respectively). Unit costs and consolidated unit costs include a credit for forecasted copper sales treated as by-product for all-in sustaining costs and all-in sustaining costs including revenue-based taxes. Production for copper and gold reflects estimated metallurgical losses resulting from handling of the concentrate and metal deductions, subject to metal content, levied by smelters. (3) Includes revenue-based taxes at Kumtor.Gold production costs are expected to increase to $475 to $525 per ounce range up from 2020 consolidated gold production costs of $419 per ounce due to higher operating costs at Kumtor and Öksüt, lower gold production at Kumtor and lower copper production at Mount Milligan. Consolidated all-in sustaining costs on a by-product basisNG are expected to be in the range of $850 to $900 per ounce. Kumtor’s all-in sustaining costs on a by-product basisNG are expected to increase to $950 to $1,000 per ounce range driven by lower gold production and higher capitalized stripping and mining costs reflecting the expansion of mining activities. Mount Milligan’s all-in sustaining costs on a by-product basisNG are expected to be in line with 2020 levels as higher production costs attributable to increased mill throughput are offset by higher gold production and a higher credit for copper sales. Öksüt’s all-in sustaining costs on a by-product basisNG are expected to increase to a range of $730 to $780 per ounce, reflecting lower ore grades, higher sustaining capital expenditures and capitalized stripping costs compared to 2020. Consolidated all-in costs on a by-product basisNG are expected to be in the range of $1,175 to $1,230 per ounce. Kumtor’s all-in costs on a by-product basisNG are expected to be in the range of $1,365 to $1,420 per ounce due to lower gold production, higher all-in sustaining costs, increases in non-sustaining capital and site exploration expenditures planned for 2021. Mount Milligan’s all-in costs on a by-product basisNG of $590 to $640 per ounce are expected to be in line with 2020. Öksüt’s all-in costs on a by-product basisNG are expected to be between $790 to $840 per ounce reflecting the higher all-in sustaining costs offset by lower non-sustaining capital expenditures planned for 2021. Consolidated cash flow provided by operations and consolidated free cash flowNG are expected to be in the range of $750 to $800 million and the range of $350 to $400 million (assuming US$1,750 gold price), respectively. 2021 Capital Expenditures Projected capital expenditures is currently forecast as follows: Capitalized Sustaining Non-sustaining Projects ($ millions)StrippingCapitalCapital(1)TotalKumtor Mine(2)220 - 23055 - 6560 - 70335 - 365Mount Milligan Mine-65 - 705 - 1070 - 80Öksüt Mine(2)10 - 155 - 10-15 - 25Other(3)-5510Consolidated Total230 - 245130 - 15070 - 85430 - 480 1) Non-sustaining capital expenditures are distinct projects designed to increase the net present value of the mine.2) Capitalized stripping costs include cash components of $185 to $205 million at Kumtor Mine, and $10 to $15 million at Öksüt Mine. 3) Non-sustaining capital relates to the completion of construction at Öksüt and development activities at Kemess Underground Project. Kumtor Sustaining capital expenditure is projected at $55 to $65 million in 2021 and relates primarily to major overhauls, purchase of mining equipment, replacement of regrind mill motor, and dewatering projects. Non-sustaining capital investment at Kumtor for 2021 is forecast at $60 to $70 million which includes, expansion of the leach circuit, the tower mill project for regrinding of flotation tails to improve future recoveries, and additional capital expenditures for mine life extension related to development of the cut-back 21 and Hockey Stick zones, including mine fleet expansion and raising of the tailings dam. The cash component of capitalized stripping costs related to the development of the open pit is expected to be $185 to $205 million of the $220 to $230 million range for total capitalized stripping costs. Mount MilliganSustaining capital expenditure in 2021 is forecast to be $65 to $70 million and relate primarily to tailings storage facility costs, major overhauls and water management costs. Non-sustaining capital investment at Mount Milligan for 2021 is forecast at $5 to $10 million for the installation of staged flotation reactors to improve future metal recoveries. Öksüt In 2021 sustaining capital spending is estimated to be $5 to $10 million and relates primarily to the costs for construction of the Phase 2 heap leach expansion, and electric equipment costs. The cash component of capitalized stripping costs related to the development of the open pit is expected to be $10 to $15 million representing 100% of total capitalized stripping costs. Kemess Underground Project In 2021, total spending at the Kemess Underground Project is estimated at approximately $13 to $15 million, including $11 million for care and maintenance activities. Molybdenum Business Unit In 2021, the Langeloth metallurgical roasting facility is expected to generate sufficient operating margins to cover the care and maintenance costs of the Endako Mine and the Thompson Creek Mine. Care and maintenance expenses related to the Molybdenum unit are currently estimated to be between $14 and $15 million for 2021 and the Company’s assumed molybdenum price is $9.00 per pound. 2021 Exploration ExpendituresPlanned exploration expenditures for 2021 are expected to be $50 million, including approximately $34 million for brownfields exploration (Kumtor - $21 million, Mount Milligan - $6 million, Öksüt - $3.5 million and Kemess - $3 million) and the balance for greenfields and generative exploration programs. 2021 Corporate AdministrationCorporate and administration expense for 2021 is forecast to be between $35 million and $40 million (including $8 million to $10 million of stock-based compensation expense). 2021 Depreciation, Depletion and AmortizationConsolidated depreciation, depletion, and amortization (DD&A) expense included in costs of sales expense for 2021 is forecasted to be in the range of $240 to $270 million, including Kumtor’s DD&A expense of $150 to $170 million, Mount Milligan’s DD&A expense of $55 million to $65 million, and Öksüt’s DD&A expense of $25 to $35 million. 2021 TaxesPursuant to the Restated Investment Agreement, Kumtor’s operations are not subject to corporate income taxes. Instead, the Restated Investment Agreement imposes a tax of 13% on gross revenue plus 1% of gross revenue payable to the Issyk-Kul Development Fund. The Mount Milligan operations are subject to corporate income tax and British Columbia mineral tax. The British Columbia mineral tax is forecast to be between $7 and $9 million. At Öksüt, income tax is expected to be between $1 to $2 million. At the Canadian parent company level, corporate income tax for 2021 is forecast to be nil. 2021 SensitivitiesCenterra’s revenues, earnings, and cash flows for 2021 are sensitive to changes in certain key inputs or currencies. The Company has estimated the impact of any such changes on revenues, net earnings, and cash flows. Impact on($ millions)Impact on ($ per ounce sold) ProductionCosts & TaxesCapitalCostsRevenuesCash flowsNet Earnings(after tax)AISC(2),(3) on by-product basisGold price$50/oz5.5 – 6.0-34.0 – 37.528.5 – 31.528.5 – 31.52.5 – 3.0Copper price(4)10%0.1 – 0.5-3.0 – 5.53.0 – 5.03.0 – 5.06.0 – 7.0Diesel fuel(3)10%5.5 – 7.011.5 – 14.0-17.0 – 21.05.5 – 7.023.0 – 25.5Kyrgyz som(1)1 som1.0 – 2.0--1.0 – 2.01.0 – 2.02.0 – 2.5Canadian dollar(1),(3)10 cents9.5 – 11.01.5 – 2.0-11.0 – 13.09.5 – 11.014.5 – 16.0Turkish lira(1)1 lira3.0 – 4.00.5 – 1.0-3.5 – 5.03.0 – 4.05.5 – 6.0 (1) Appreciation of currency against the U.S. dollar will result in higher costs and lower cash flow and earnings, depreciation of currency against the U.S. dollar results in decreased costs and increased cash flow and earnings. (2) Non-GAAP measure. See discussion under “Non-GAAP Measures”. (3) Includes the effect of hedging programs.(4) 2021 copper sales are hedged up to 85%. Production, cost and capital forecasts for 2021 are forward-looking information and are based on key assumptions and subject to material risk factors that could cause actual results to differ materially and which are discussed herein under the headings “2021 Material Assumptions” and “Caution Regarding Forward-Looking Information” in this document and under the heading “Risks That Can Affect Our Business” in this document and the Company’s most recently filed Annual Information Form. 2021 Material AssumptionsMaterial assumptions or factors used to forecast production and costs for 2021, after giving effect to the hedges in place as at December 31, 2020, include the following: a market gold price of $1,750 per ounce and an average realized gold price at Mount Milligan of $1,290 per ounce after reflecting the streaming arrangement with Royal Gold (35% of Mount Milligan’s gold at $435 per ounce).a market copper price of $3.36 per pound and an average realized copper price at Mount Milligan of $2.82 per pound after reflecting the streaming arrangement with Royal Gold (18.75% of Mount Milligan’s copper at 15% of the spot price per metric tonne).a molybdenum price of $9.00 per pound.exchange rates: $1USD:$1.31 Canadian dollar,$1USD:80.00 Kyrgyz som,$1USD:7.50 Turkish lira. diesel fuel price assumption: $0.44/litre at Kumtor,$0.69/litre (CAD$0.90/litre) at Mount Milligan. Kumtor Fuel The assumed diesel price of $0.44/litre at Kumtor assumes that no Russian export duty will be paid on the fuel exports from Russia to the Kyrgyz Republic. Diesel fuel for Kumtor is sourced from separate Russian suppliers. The diesel fuel price assumes a price of oil of approximately $53 per barrel. Crude oil is a component of diesel fuel purchased by the Company, such that changes in the price of Brent crude oil generally impacts diesel fuel prices. Mount Milligan Streaming ArrangementThe Mount Milligan Mine is an open pit mine located in north central British Columbia, Canada producing a gold and copper concentrate. Production at Mount Milligan is subject to an arrangement with RGLD Gold AG and Royal Gold, Inc. (together, “Royal Gold”) pursuant to which Royal Gold is entitled to purchase 35% of the gold produced and 18.75% of the copper production at the Mount Milligan Mine for $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered (the “Mount Milligan Streaming Arrangement”). To satisfy its obligations under the Mount Milligan Streaming Arrangement the Company purchases refined gold and copper warrants and arranges for delivery to Royal Gold. The difference between the cost of the purchases of refined gold and copper warrants, and the corresponding amounts payable to the Company under the Mount Milligan Streaming Arrangement is recorded as a reduction of revenue and not a cost of operating the mine. Other Material AssumptionsOther material assumptions used in forecasting production and costs for 2021 can be found under the heading “Caution Regarding Forward-Looking Information” in this document. Production, cost, and capital forecasts for 2021 are forward-looking information and are based on key assumptions and subject to material risk factors that could cause actual results to differ materially and which are discussed under the heading “Risks That Can Affect Our Business” in the Company’s most recent Annual Information Form. Qualified Person & QA/QC – Production InformationThe production information and other scientific and technical information presented in this document, including the production estimates were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101 and were prepared, reviewed, verified, and compiled by Centerra’s geological and mining staff under the supervision of Slobodan (Bob) Jankovic, Professional Geoscientist, member of the Association of Professional Geoscientists of Ontario (APGO) and Centerra’s Senior Director, Technical Services, who is a qualified person for the purpose of NI 43-101. Unless otherwise noted below, sample preparation, analytical techniques, laboratories used and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs are used. The Kumtor deposit is described in a NI 43-101 technical report dated February 24, 2021 and filed on SEDAR at www.sedar.com. The technical report describes the exploration history, geology, and style of gold mineralization at the Kumtor deposit. Sample preparation, analytical techniques, laboratories used, and quality assurance-quality control protocols used are described in the technical report. The Mount Milligan deposit is described in a NI 43-101 technical report dated March 26, 2020 and filed on SEDAR at www.sedar.com. The technical report describes the exploration history, geology, and style of gold mineralization at the Mount Milligan deposit. Sample preparation, analytical techniques, laboratories used, and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs. The Öksüt deposit is described in a NI 43-101 technical report dated September 3, 2015 and filed on SEDAR at www.sedar.com. The technical report describes the exploration history, geology, and style of gold mineralization at the Öksüt deposit. Sample preparation, analytical techniques, laboratories used, and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs. Non-GAAP Measures The Company elected to present the World Gold Council’s (“WGC”) financial measure all-in costs on a by-product basis per ounce (“AIC”), which incorporates non-sustaining capital expenditures and certain development and overhead costs in addition to the sustaining costs that are included in the all-in sustaining costs on a by-product basis metric. Management believes the AIC metric will assist stakeholders in understanding the costs associated with producing gold over the entire lifecycle of the mine. This document contains the following non-GAAP financial measures: all-in sustaining costs per ounce sold on a by-product basis, all-in sustaining costs per ounce sold on a by-product basis including revenue-based taxes, and all-in sustaining costs per ounce sold on a co-product basis and all-in costs on a by-product basis per ounce. These financial measures do not have any standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other issuers, even as compared to other issuers who may be applying the World Gold Council (“WGC”) guidelines, which can be found at http://www.gold.org. Management believes that the use of these non-GAAP measures will assist analysts, investors and other stakeholders of the Company in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing our operating performance, our ability to generate cash flow from current operations and to generate cash flow on an overall Company basis, and for planning and forecasting of future periods. However, the measures do have limitations as analytical tools as they may be influenced by the point in the life cycle of a specific mine and the level of additional exploration or expenditures a company has to make to fully develop its properties. Accordingly, these non-GAAP measures should not be considered in isolation, or as a substitute for, analysis of our results as reported under GAAP. DefinitionsThe following is a description of the non-GAAP measures used in this news release: All-in sustaining costs on a by-product basis include adjusted operating costs, the cash component of capitalized stripping costs, corporate general and administrative expenses, accretion expenses, and sustaining capital, net of copper and silver credits. The measure incorporates costs related to sustaining production. When calculating All-in sustaining costs on a by-product basis, all revenue received from the sale of copper from the Mount Milligan mine, as reduced by the effect of the copper stream, is treated as a reduction of costs incurred.All-in sustaining costs on a by-product basis including revenue-based taxes includes revenue-based taxes at Kumtor.All-in sustaining costs on a co-product basis per ounce of gold or per pound of copper, operating costs are allocated between copper and gold based on production. To calculate the allocation of operating costs, copper production has been converted to ounces of gold equivalent using the copper production for the periods presented, as well as an average of the futures prices during the quotational pricing period for copper and gold sold from Mount Milligan. For 2021, based on the assumed copper price of $3.36 per pound and assumed gold price of $1,750 per ounce, 521 pounds of copper was equivalent to one ounce of gold.All-in costs on a by-product basis per ounce include all-in sustaining costs on a by-product basis including revenue-based taxes, exploration and study costs, non-sustaining capital expenditures, care and maintenance and pre-development costs.Non-sustaining capital expenditures are costs incurred at new operations and costs related to major projects at existing operations where these projects are expected to materially benefit the operation.Free cash flow is calculated as cash provided by operations less additions to property, plant and equipment. Caution Regarding Forward-Looking InformationInformation contained in this news release which are not statements of historical facts, and the documents incorporated by reference herein, may be “forward-looking information” for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward looking information. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things; the Company’s expectations regarding future gold and copper production, gold production costs per ounce, all-in sustaining costs on a by-product basisNG; consolidated cash provided by operations, consolidated free cash flowNG, and other statements made under the headings “2021 - 2023 Outlook” and “2021 Guidance” including expectations regarding accessing the higher grade ore at Öksüt’s Güneytepe pit in early 2022 and its impact on gold production at Öksüt; timing for the completion of Phase 2 of the heap leach pad at the Öksüt Mine; expected throughput at Mount Milligan; 2021 capital expenditures; 2021 exploration expenditures; 2021 corporate administration expenses; 2021 depreciation, depletion and amortization expenses; 2021 tax expenses; and expectations for the Molybdenum Business Unit. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Centerra, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: (A) strategic, legal, planning and other risks, including: political risks associated with the Company’s operations in the Kyrgyz Republic, Turkey and Canada; the failure of the Kyrgyz Republic Government to comply with its continuing obligations under the Strategic Agreement, including the requirement that it comply at all times with its obligations under the Kumtor Project Agreements, to allow for the continued operation of the Kumtor Mine by KGC and KOC and not take any expropriation action against the Kumtor Mine; actions by the Kyrgyz Republic Government or any state agency or the General Prosecutor's Office that serve to restrict or otherwise interfere with the payment of funds by KGC and KOC to Centerra; resource nationalism including the management of external stakeholder expectations; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices, including unjustified civil or criminal actions against the Company, its affiliates or its current or former employees; risks that community activism may result in increased contributory demands or business interruptions; the impact of any actions taken by the Kyrgyz Government and Parliament relating to the Kumtor Project Agreements which are inconsistent with the rights of Centerra and KGC under the Kumtor Project Agreements; the risks related to other outstanding litigation affecting the Company; the impact of constitutional changes in Turkey; the impact of the delay by relevant government agencies to provide required approvals, expertises and permits; potential impact on the Kumtor Project of investigations by Kyrgyz Republic instrumentalities; the impact of any sanctions imposed by Canada, the United States or other jurisdictions against various Russian and Turkish individuals and entities; potential defects of title in the Company’s properties that are not known as of the date hereof; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances; the presence of a significant shareholder that is a state-owned company of the Kyrgyz Republic; risks related to anti-corruption legislation; risks related to the concentration of assets in Central Asia; Centerra not being able to replace mineral reserves; Indigenous claims and consultative issues relating to the Company’s properties which are in proximity to Indigenous communities; and potential risks related to kidnapping or acts of terrorism; (B) risks relating to financial matters, including: sensitivity of the Company’s business to the volatility of gold, copper and other mineral prices, the use of provisionally-priced sales contracts for production at Mount Milligan, reliance on a few key customers for the gold-copper concentrate at Mount Milligan and at Kumtor there is reliance on Kyrgyzaltyn, as Centerra sells all of its gold doré produced from the Kumtor Mine to Kyrgyzaltyn pursuant to the Restated Gold and Silver Sale Agreement; use of commodity derivatives, the imprecision of the Company’s mineral reserves and resources estimates and the assumptions they rely on, the accuracy of the Company’s production and cost estimates, the impact of restrictive covenants in the Company’s credit facilities which may, among other things, restrict the Company from pursuing certain business activities or making distributions from its subsidiaries, the Company’s ability to obtain future financing, the impact of global financial conditions, the impact of currency fluctuations, the effect of market conditions on the Company’s short-term investments, the Company’s ability to make payments including any payments of principal and interest on the Company’s debt facilities depends on the cash flow of its subsidiaries; and (C) risks related to operational matters and geotechnical issues and the Company’s continued ability to successfully manage such matters, including the stability of the pit walls at our operations, the movement of the Davidov Glacier, waste and ice movement and continued performance of the buttress at the Kumtor Mine; the occurrence of further ground movements at the Kumtor Mine and mechanical availability; the risk of having sufficient water to continue operations at the Mount Milligan Mine and achieve expected mill throughput; changes to, or delays in, transportation routes, including cessation or disruption in rail and shipping networks whether caused by decisions of third party providers or force majeure events (including COVID-19); the success of the Company’s future exploration and development activities, including the financial and political risks inherent in carrying out exploration activities; inherent risks associated with the use of sodium cyanide in the mining operations; the adequacy of the Company’s insurance to mitigate operational risks; mechanical breakdowns; the Company’s ability to replace its mineral reserves; the occurrence of any labour unrest or disturbance and the ability of the Company to successfully re-negotiate collective agreements when required; the risk that Centerra’s workforce and operations may be exposed to widespread epidemic including but not limited to the COVID-19 pandemic; seismic activity in the vicinity of the Company’s properties; long lead times required for equipment and supplies given the remote location of some of the Company’s operating properties; reliance on a limited number of suppliers for certain consumables, equipment and components; the ability of the Company to address physical and transition risks from climate change and sufficiently manage stakeholder expectations on climate related issues; the Company’s ability to accurately predict decommissioning and reclamation costs; the Company’s ability to attract and retain qualified personnel; competition for mineral acquisition opportunities; risks associated with the conduct of joint ventures/partnerships; and the Company’s ability to manage its projects effectively and to mitigate the potential lack of availability of contractors, budget and timing overruns and project resources. See section titled “Risks that can affect our business” in the Company’s most recently filed Annual Information Form available on SEDAR at www.sedar.com. There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance, or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Centerra, and prospective investors should not place undue reliance on forward-looking information. Forward-looking information is as of February 24, 2021. Centerra assumes no obligation to update or revise forward looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law. About CenterraCenterra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is one of the largest Western-based gold producers in Central Asia. Centerra operates three mines, the Kumtor Mine in the Kyrgyz Republic, the Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine in Turkey. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is based in Toronto, Ontario, Canada. For more information:John W. PearsonVice President, Investor Relations(416) 204-1953john.pearson@centerragold.com Additional information on Centerra is available on the Company’s web site at www.centerragold.com and at SEDAR at www.sedar.com. PDF available: http://ml.globenewswire.com/Resource/Download/c998e658-1321-4ef0-a253-b193587edc33

2021-02-24 - Yahoo! Finance: VO.V News

ValOre Establishes New Drill Targets with High-Grade PGE Surface Sampling at Pedra Branca:

19.1 g/t 2PGE+Au and 10.2 g/t 2PGE+Au rock samples collected outside Santo Amaro resource area and new PGE-in-soils trends identifiedVANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced assay results for 562 soil and 56 rock samples collected from the Santo Amaro target area at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”) Project in northeastern Brazil. “The Santo Amaro region has moved up our exploration priority list as impressive PGE results were generated through rock and soil sampling, geological mapping, and 2020 diamond core drilling,” stated ValOre’s Chairman and CEO, Jim Paterson. “ValOre’s team continues to unlock more value at Santo Amaro with targeted Trado® auger drilling and trenching programs prior to the return of the drill rigs this season.” Santo Amaro PGE Assay Highlights: Multiple high-grade PGE assay results from rock samples collected outside current Santo Amaro NI 43-101 inferred resource area, including: 19.1 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), sampled 190 metres (“m”) northwest of Santo Amaro resource10.2 g/t 2PGE+Au, sampled 290 m northwest of Santo Amaro resource7.10 g/t 2PGE+Au, sampled 50 m northwest of Santo Amaro resource2.12 g/t 2PGE+Au, sampled 400 m northwest of Santo Amaro resource2.10 g/t 2PGE+Au, sampled 425 m northwest of Santo Amaro resource1.76 g/t 2PGE+Au, sampled 360 m southeast of Santo Amaro resource1.16 g/t 2PGE+Au, sampled 800 m north of Santo Amaro resource; Multiple new, undrilled anomalies established outside of NI 43-101-defined resource area: North-south trending PGE-in-soils anomalies (500 and 600 m trends)Northwest trend of high to medium grade PGE rock samples (450 m trend); PGE anomalies remain open to the north and south of current surface sampling coverage;A north-south trending PGE-in-soils anomaly may connect Santo Amaro resource to the Santo Amaro South target, situated 1.5 kilometres (“km”) to the south;High-priority follow-up Trado® auger drilling and trenching program has commenced to further define these multiple PGE anomalies. Santo Amaro 2021 Soil and Rock Sampling Program Assay results for 562 soil and 56 rock samples have been received for the Santo Amaro target area and significant PGE-in-soil anomalies have been identified. Geochemical enrichment of PGEs in soils has defined multiple new undrilled areas of north-south trending PGE anomalies extending to the east (~250 m) and west (~370 m) of the current Santo Amaro NI 43-101 resource area. These anomalies remain open from the northern and southern limits of sampling and are coincident with prospective near-surface 3D magnetic inversion targets. Additionally, potential continuity exists between the southernmost soil anomaly at Santo Amaro and the largely unexplored Santo Amaro South target, situated 1.5 km to the south. This suggests the presence of a contiguous ≥2.5 km long ultramafic (“UM”) belt which may be associated with the Santo Amaro resource that has only been drill tested over 600 m of this total prospective geological trend. High-grade PGE assays were returned for selected rock grab samples collected from prospective zones outside of the existing resource area, including a 19.1 g/t 2PGE+Au rock sample 190 m northwest of the resource, and a 10.2 g/t 2PGE+Au sample 290 m northwest of resource. A 7.51 g/t 2PGE+Au sample was also collected near the collar location of 2020 drill hole DD20SA24. Three additional rock samples situated 400 to 450 northwest of the resource returned 2PGE+Au grades of 2.12 g/t, 2.10 g/t and 1.45 g/t, and an additional sample located 800 m north of the resource returned a grade of 1.16 g/t 2PGE+Au. To the southeast of the resource, a 1.78 g/t 2PGE+Au sample was returned from a newly discovered tremolite (+chromitite) schist outcrop (360 m to the southeast of the easternmost historical resource drill hole). See Table 1 below for a summary of rock sample PGE assays, and CLICK HERE for Figure 1, showing a location map for soil and rock assay results reported herein. Table 1: Santo Amaro Rock Assay Highlights Sample IDLithologyEastingNorthing2PGE+Au (g/t)100527Chromitite409016940777519.10100587Chromitite408925940783110.18100524Serpentinized Ultramafic40914994076517.51102340Peridotite40885894079062.12102341Peridotite40882694079162.10100585Serpentinized Ultramafic40959294072871.78100588Serpentinized Ultramafic40892594078311.58102342Peridotite40881294079341.45102330Peridotite40932794083081.16100591Peridotite40908294078190.92100593Peridotite40912994078100.78100586Peridotite40907994076290.57100594Peridotite40922394077850.34 Santo Amaro Target Area and the 2019 NI 43-101 Resource Santo Amaro is one of five defined PGE deposits at Pedra Branca that together host an inferred resource totaling 1,067,000 ounces (“oz”) of 2PGE+Au contained in 27.2 million tonnes (“Mt”) grading 1.22 g/t 2PGE+Au; CLICK HERE for the Pedra Branca NI 43-101 Technical Report. At Pedra Branca, PGE mineralization for all five of the inferred resource deposit areas outcrops at surface, giving these a reasonable expectation of eventual economic extraction by open pit mining methods. CLICK HERE for Figure 2A and 2B, showing the location of the five Pedra Branca PGE resource areas and a detailed view of the Santo Amaro target area. The 2019 Santo Amaro inferred resource estimate totals 203,000 oz 2PGE+Au contained in 5.3 Mt grading 1.19 g/t 2PGE+Au and represents the most underexplored deposit target area at Pedra Branca. Extensive historical PGE-in-soils anomalies, magnetic targets, and newly mapped, untested UM rock belts make Santo Amaro a compelling target area for resource expansion and new PGE discoveries. Geological mapping preceding the 2020 drill program identified several prospective UM belts which extend well beyond the area hosting the defined resource. A follow-up mapping, soil sampling, rock sampling, and prospecting program is on-going. 2020 Drilling, Santo Amaro Target In 2020, a total of 1,366 metres were drilled in twelve core holes at Santo Amaro. PGE mineralization in the UM intrusion that hosts the Santo Amaro resource was extended along strike to the east and west as shown by at-surface and near-surface PGE drill intercepts. Mineralization remains open in both directions. In addition, a newly identified, shallow PGE-enriched zone was drilled approximately 250 m north-northwest of the Santo Amaro resource area (see ValOre’s news release dated January 15, 2021). Quality Control/Quality Assurance (“QA/QC”) Soil samples were collected from field sites spaced 20 metres apart on lines spaced 100 metres apart, with coordinate data captured by handheld GPS. These samples were subsequently stored in a secure ValOre facility in Capitão Mor, Ceará, Brazil and thereafter sent with an ensured chain of custody to SGS Geosol Vespasiano, an accredited mineral analysis laboratory in Minas Gerais, for geochemical analyses. All samples are analyzed for PGE+Au (Pd, Pt, Au) content using standard 50g Fire Assay and ICP-AES techniques. Certified PGE ore reference standards, blanks and field duplicates are inserted as a part of the QA/QC program. Selected rock grab samples are collected from field sites with coordinate data captured by handheld GPS and subsequently stored in a secure ValOre facility in Capitão Mór, Ceará, Brazil. The samples were then sent with an ensured chain of custody to SGS Geosol Vespasiano, Minas Gerais for fire assay analysis. All samples were analyzed for PGE+Gold (Pd, Pt, Au) content using standard Fire Assay and ICP techniques. Cr values that exceed 5% are redirected to ore grade pyrosulfate fusion and XRF techniques to determine % Cr2O3. Certified PGE ore reference standards, blanks and field duplicates are inserted as a part of the QA/QC. No QA/QC issues were noted with the results reported herein. Qualified Person (QP) The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre’s QP, who oversees New Project Review for ValOre. About ValOre Metals Corp. ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation. In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada. The Pedra Branca PGE Project comprises 39 exploration licenses covering a total area of 39,987 hectares (98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (see ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable. Comprehensive exploration programs have demonstrated the District Scale potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please refer to ValOre's news release of March 1, 2013. ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement. On behalf of the Board of Directors, “Jim Paterson” James R. Paterson, Chairman and CEO ValOre Metals Corp. For further information about, ValOre Metals Corp. or this news release, please visit our website at valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com. ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

2021-02-24 - Yahoo! Finance: PXI.V News

Planet Ventures’ Subsidiary, 1st11, Announces Equity Investment and Strategic Partnership with Final Level Brazil - Latin America's Number One Gaming and Entertainment Platform

VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Planet Ventures Inc. (​TSX-V: PXI; OTC: PNXPF; FSE: P6U1​) (“​Planet” ​or the “​Company​”) is pleased to announce that its wholly owned subsidiary, 1st11 Limited (“1st11”), has entered into a strategic partnership agreement (the “Agreement”) with Final Level LLC (“Final Level”) - Latin America's Number One Gaming Entertainment Platform. The Agreement states that 1st11 will acquire an initial 5% equity stake in Final Level. As consideration, Final Level will obtain the right to acquire $300,000 worth of share purchase warrants of Planet at a price of $0.40 cents for each share warrant granted. Final Level will also receive 230,116 shares in Planet, which will be restricted for a period as determined under TSX Venture Exchange rules. The Agreement also provides 1st11 with a further option to acquire an additional 5% of Final Level’s fully diluted share capital on or before September 2021, on the same terms. An integral and important part of the equity investment will partner with Final Level to create a marketing plan which will allow 1st11 primary access to all of Final Level’s online media assets, to support an advanced marketing and media campaign throughout 2021, 2022 and 2023. Final Level raised $1.58 million US, 1st11 was a lead investor alongside Atmos Capital, Outfield Capital, and Kaducaio Holdings. Final Level owns esports organization Game-landers fielding one of the top Valorant rosters in Brazil and 13th in the world rankings and a YouTube channel that receives over half a billion monthly views. Flavio Maria 1st11’s COO, Founder and Head of Operations in Brazil commented: “by coming together and making an investment in Final Level is a considerable statement and a momentous incentive for our plans over the next 5 years.” Peter Glancy, 1st11’s CEO, endorsed Mr. Maria’s comments and stated: “It’s a decisive move and a substantial commitment for both companies and clearly demonstrates our ambitions by aligning with Final Level. The Agreement is a game changer, providing phenomenal access to one of the world’s biggest gaming markets and fits with our objective to become the biggest video game centric entertainment platform in Latin America. By joining forces with Final Level by-way of an equity investment substantially elevates both companies to the highest echelon of online entertainment and is a key component to assembling a passionate gaming consumer and subscriber base in Brazil and across Latin America.” 1st11 will fully support Final Level with unique interactive challenges, underpinned by its consumer facing gaming assets as well as sharing access to their proprietary technology and influencer platform. Within 1st11’s Creator Network there are over 500 professional athletes who are already signed, offering star-studded talent a seamless and easy way to engage in gaming content fully supported by our advanced influencer analytics, consumer data and reporting capabilities. About Final Level Final Level´s entertainment platform reaches 500 million views per month on YouTube and are amongst the largest collective content creators on the market today across their various social media platforms. Final Level has consolidated itself to become the best branded content partner to enter the world of video game entertainment. Final Level’s brand partners include OI, the third largest telecommunication company in Latin America with over 40 million subscribers. Other business partners include Coca Cola , Ame Digital, Estácio , Pepsico, Ifood and Netflix. In addition, major publishers such as Epic, Blizzard, PUBG, Sony and other relevant international companies have reached historic rates with campaigns developed and executed by the Final Level content hub. Since its foundation in August of 2018, Final Level has grown to be the “Largest Gamer Entertainment Platform in Brazil'' and exploded exponentially across all social media platforms with a market leading presence across YouTube, Instagram, TikTok, Spotify, Facebook and Twitter. Just on their official YouTube channel added to those of the influencer network, Final Level’s hub has 55 million subscribers. Co-Founder and CEO of Final Level, Fernanda Lobão, commented: “We are delighted to have a partner and investor of the size of 1st11 with their all-encompassing gamer platform and mobile influencer technology. They will deliver a wider dimension to the Final Level offering which will only benefit both companies. Final Level’s hub has amassed a phenomenal community with almost ‘Half A Billion Views A Month’ across all our assets. As we continue to expand our horizons, we see 1st11 as the perfect partner to engage with our community as this alliance provides sharing of technologies and strategy with each partner offering complimentary elements that will serve to provide our subscribers new and fun gaming experiences. 1st11’s unique approach to creative content adds a wide-range of business opportunities for both parties. With 1st11 as a shareholder, we now have a strong partner with an established team operating in Sao Paulo, Rio De Janeiro, Buenos Aires and Europe. By opening our network to 1st11, it will assist our growth and expansion plans for Spain, Portugal and other European territories which will support the foundation and our objective to become the world’s biggest online entertainment platform. Final Level is the largest and most relevant collective of creators and streamers, gamers with names that represent different niches in this universe, from lifestyle to content about games ranging from super fund like: ‘Among Us’ and ‘Minecraft’ to more hardcore like ‘LOL’, ‘Free Fire’, in addition to trendies like ‘Valorant,’” explains Mr. Lobão. “Final Level embraces all communities of gaming fans, it has fun on YouTube, Instagram and TikTok, but it also has immersion for the more hardcore fans on Spotify, Twitter, Telegram and livestreaming,” continued Mr. Lobão. Final Level's disruptive content production model also caught the attention of YouTube itself, which recommends the channel for brands that want to communicate with gaming fans. Final Level is the largest gaming entertainment platform in Brazil and has taken the gaming market to the next level. The company reinforces its team of influencer partner gamers and creators, with a young dynamic enthusiastic group of investors. The Final Level has strong partners including Felipe Neto, the Largest YouTuber in Brazil” and Second Most Watched In The World in 2019 With Over “40million Subscribers”. In addition João Pedro Paes Leme, former executive director of sports at Rede Globo, and coach Bernardinho, two-time Olympic champion for the national team Brazilian men's volleyball team is also part of the Final Level Revolution. About Planet Ventures Inc. Planet is an investment issuer listed on the TSXV, that is focused on investing in disruptive companies and industries that have high growth potential. Planet’s unique portfolio driven investment policies provide its investors with access to emerging and high-growth opportunities while shielding them from any formidable downside. For more information, please visit Planet’s website: https://planetventuresinc.com/ ON BEHALF OF THE BOARD “Zula Kropivnitski” Zula Kropivnitski Chief Financial Officer and Director INVESTOR RELATIONS CONTACT PLANET VENTURES INC. Tel: (604) 681-0084 Email: info@planetventuresinc.com Peter Glancy, CEO of 1st11Peter@1st11.co Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements in this press release are forward-looking statements which reflect the Company's current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy and financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as may, might, will, expect, anticipate, estimate, intend, plan, indicate, seek, believe, estimates, predicts or likely, or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including without limitation, those risks and uncertainties discussed elsewhere on the website at www.planetventuresinc.com and in the Company's filings on SEDAR. Investors should not place undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

2021-02-24 - Yahoo! Finance: CG.TO News

Centerra Gold Announces 2020 Year-End Mineral Reserves and Resources, Kumtor Technical Report and Fourth Quarter Exploration Update

This news release contains forward-looking information that is subject to risk factors and assumptions set out in the Cautionary Note Regarding Forward-looking Information on page 22. All figures are in United States dollars unless otherwise stated. TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra”) (TSX: CG) today announced its 2020 year-end estimates for mineral reserves and mineral resources, including significant new mineral reserves at the Kumtor Mine, and a new NI 43-101 technical report for the Kumtor Mine. 2020 year-end mineral reserves have been estimated based on a gold price of $1,350 per ounce for the Kumtor Mine and based on an estimated gold price of $1,250 per ounce and a copper price of $3.00 per pound for the Mount Milligan Mine and Öksüt Mine. Kumtor Technical Report Highlights: Proven and probable gold mineral reserves increased by 3.1 million contained ounces to 6.3 million contained ounces (73.3 million tonnes (Mt) at 2.66 g/t gold), as of July 1, 2020.Mine life was extended five years, extending open pit mining to 2028 and milling operations to 2031.From 2022 to 2026, annual gold production is expected to average 590,000 ounces per year.Life of mine gold production of 5.6 million ounces at an all-in sustaining cost on a by-product basis1 of $828 per ounce.Life of mine all-in cost on a by-product basis1 of $1,044 per ounce.Significant near surface and underground exploration potential exists to further extend mine life including oxide gold mineralization discovered in broad zones along the Kumtor trend.Net cash flow over the life of mine is estimated at $1.96 billion using a gold price of $1,350 per ounce.Kumtor’s after-tax net present value (NPV) is estimated at $1.6 billion at a 5% discount rate using a gold price of $1,350 per ounce. (1)Non-GAAP measure see description of “Non-GAAP Measures” in the Company’s News Release and Management Discussion & Analysis dated February 24, 2021. Centerra Mineral Reserves and Resources Highlights as of December 31, 2020: Centerra’s overall proven and probable gold mineral reserves total 11.2 million ounces of contained gold (375 Mt at 0.93 g/t gold), an increase of 79,000 ounces of contained gold. The increase is primarily the result of the Kumtor mineral resource and reserves update (Kumtor NI 43-101 Technical Report published on February 24, 2021, with an effective date of July 1, 2020) and the relevant increase in mineral reserves offset by the company-wide 2020 annual gold production and the divestment of the Greenstone property (Hardrock Project), announced on December 15, 2020.Centerra’s overall measured and indicated gold mineral resources decreased by 5.4 million ounces to 7.9 million ounces of contained gold (513 Mt at 0.48 g/t gold), exclusive of gold mineral reserves due to conversion of mineral resources into mineral reserves at Kumtor based on the 2021 Kumtor Technical Report, and the disposition of the Greenstone property as of December 2020.Centerra’s proven and probable copper mineral reserves decreased by 122 million pounds to 1,467 million pounds of contained copper (278 Mt at 0.24% copper) as a result of 2020 mineral reserves depletion offset by a positive reconciliation during the year.Centerra’s measured and indicated copper mineral resources, exclusive of mineral reserves, decreased by 3 million pounds to 5,329 million pounds of contained copper (873 Mt at 0.21% copper). Kumtor Technical Report Update SummaryThe Company has published today an updated technical report for the Kumtor Mine (the “2021 Kumtor Technical Report”) which provides an update of the 2015 technical report and includes among other things, updates to the following items: interpretation of mineralized zones, resource models for both the Central Pit and the Southwest/Sarytor Pits based on extensive in-fill and expansion drilling within the Central Pit, gold price assumption, pit slope angles, capital and operating cost estimates and metallurgical recovery estimates based on process plant improvements. All of these factors have resulted in updated ultimate pit designs and mining-processing schedule and an updated mineral resource and mineral reserve estimate. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and filed on SEDAR on February 24, 2021 with an effective date of July 1, 2020. The 2021 Kumtor Technical Report shows that, as at July 1, 2020, the Kumtor deposit contains a combined measured and indicated mineral resource (exclusive of mineral reserves) of 25.5 million tonnes (Mt) at 2.78g/t gold (Au) containing 2.3 million ounces (oz) of gold; an inferred open pit mineral resource of 20.9 Mt at 1.97g/t Au containing 1.3 million oz; and an inferred underground pit mineral resource of 13.1 Mt at 7.46g/t Au containing 3.1 million oz. The mineral resource within the 2020 resource pit shell was based on a cut-off grade of 0.85g/t Au for the Central Pit and 1.0g/t Au for the Sarytor ad Southwest Deposits and used a $1,550/oz gold price assumption. Kumtor Mine Mineral Resource Statement, Exclusive of Mineral Reserves, Effective July 1, 2020 Tonnes GradeMetalKtGold g/tGold KozKumtor Open Pit Measured9,4793.441,047Indicated16,0532.391,231Measured+Indicated25,5312.782,279Inferred20,8641.971,324Kumtor Underground Measured---Indicated---Inferred13,1007.463,141 As at July 1, 2020, the 2021 Kumtor Technical Report shows that, the Kumtor deposit contains proven and probable mineral reserves totalling 73.3 Mt at 2.66g/t Au containing 6.28 million ounces of gold. The open pit mineral reserve was based on a cut-off grade of 0.85g/t Au for the Central Pit and 1.0g/t Au for the Sarytor and Southwest Deposits and used a $1,350/oz gold price assumption. Summary of 2021 Kumtor Technical ReportAs of July 1, 2020 Life of Mine1,3Sensitivity2Proven & Probable Reserves3 (Mt)73.3 Mt at 2.66 g/t Au73.3 Mt at 2.66 g/t AuContained gold ounces3 (M oz)6.286.28Mine life (years)1111Annual mill throughput (Mt)6.56.5Average milling rate (tpd)17,80017,800Metallurgical recovery (%)82.982.9First 7-years average annual gold production (oz)566,000566,000Total ounces produced (M oz)5.65.6All-in sustaining cost4 ($/oz)$828$829All-in cost4 ($/oz)$1,044$1,078Sustaining capital5 ($M)$541$541Growth capital5 ($M)$140$140Stripping capital ($M)$1,552$1,552Net Cash Flow6 ($M)$1,961$3,079NPV (5% discount) ($M)$1,552$2,446 Assuming a gold price of $1,350 per ounce, silver price of $17 per ounce and an exchange rate of 70 KGS/US$Assuming a gold price of $1,600 per ounce, silver price of $17 per ounce and an exchange rate of 70 KGS/US$Mineral reserves calculated using a gold price of $1,350 per ounce.Non-GAAP measure refer “Non-GAAP Measures” in News Release and MD&A dated February 24, 2021.Sustaining and Growth capital excludes working capital investments.Net Cash Flow includes 2020 estimated cash flow from January 1, 2020 to December 31, 2020 of $320 million and $356 million for life of mine and sensitivity, respectively. Actual free cash flow4 realized in 2020 was $438 million at an average realized gold price of $1,725 per ounce. As at December 31, 2020, Kumtor’s proven and probable gold mineral reserves total an estimated 6.01 million ounces of contained gold (70.3 Mt at 2.66 g/t gold), compared to 3.21 million contained ounces (43.3 Mt at 2.31 g/t gold) as of December 31, 2019. During 2020, proven and probable gold mineral reserves increased by 2.8 million contained ounces, after accounting for processing of 665,000 contained ounces. Kumtor Mine Mineral Reserves Statement, Effective December 31, 2020 Dec-3120192020Throughput2020 Addition(Deletion)Dec-312020Proven and Probable Gold Mineral Reserves (koz)Kumtor - Open Pit - Ore Stockpiles958665194487Kumtor - Open Pit - SB & Stockwork1,455-3,1844,640Kumtor - Open Pit - Sarytor & Southwest801-85886Kumtor - Open Pit - Total3,2146653,4646,013 Significant exploration potential exists in the Kumtor District and along the Kumtor Gold Trend outside of the known Central, Southwest, Sarytor and Northeast Deposits, linked primarily to untested areas between the deposits and inferred extensions of gold mineralization along strike to the southwest and northeast. In late 2019, broad zones of oxide gold mineralization were discovered along the Kumtor Trend (from southwest to northeast) on the northwest periphery of the Sarytor, Southwest, Central and Northeast Deposits. In 2020, substantial exploration drilling was carried out along the trend to further define the oxide gold mineralization potential. This work returned significant widths of oxide gold mineralization, particularly from the Hope, Muzdusuu and Deep Oxide Zones. Preliminary metallurgical test work (bottle roll tests) and related petrologic studies have been carried out on oxide gold material since late 2019. Results of this test work indicate 80-90% recovery of gold in the oxide material. More detailed metallurgical test work on bulk samples of oxide material, including column leach tests, is planned to be undertaken in 2021. Initial resource estimations are expected to commence for the Hope and Muzdusuu Zones by the end of 2021. During 2021, gold production is expected to be lower than the LOM average as the majority of the year will be mining waste to access the higher-grade material in the second half of the year. Total capital expenditures are expected to be approximately $125 million (mid-point of 2021 guidance) as the mine invests in an additional 18 mining haul trucks, of which eight of the haul truck purchases have been deferred to 2022, on top of the 11 new haul trucks purchased in 2020. Total capitalized stripping expenditures will be elevated in 2021 to approximately $216 million, however at a gold price of $1,750 per ounce the mine is expected to generate approximately $170 million of net cash flow (non-GAAP measure). The investment in 2021 is expected to deliver consistent annual gold production averaging approximately 590,000 ounces for the period 2022 to 2026. Total operating and capital costs over Kumtor’s 11-year life of mine (LOM) are estimated at $4,517 million, including $2,366 million for mining costs which includes $1,552 million of capital stripping, $868 million for processing costs, $602 million for administrative (G&A) costs and total capital expenditures are estimated at $681 million excluding capital stripping. Total capital expenditures required to develop the new LOM at Kumtor excluding capital stripping are estimated to be $681 million ($140 million growth capital and $541 million sustaining capital) related to capital equipment and component replacements, planned improvements to the processing plant and equipment, tailings dam raises to meet an increased tailings storage capacity requirement, site infrastructure relocations, and open pit wall stabilization activities including dewatering activities. The capital cost estimate assumes investment in and replacement of the heavy-duty mobile fleet, including investment in an additional twenty-nine haul trucks, five dozers, four-wheel dozers, four shovels, two excavators, and two loaders. Major component rebuilds of the mobile fleet have been estimated based on expected operating hours per component. Kumtor Mine practices extensive mobile equipment component replacement to minimize future mobile equipment replacement requirements. The tailings dam is expected to be raised from the 3,677.5-metre elevation to the 3,682.0-metre elevation with an added capacity of approximately 15 million cubic metres for increased LOM production. The planned improvements to the processing plant include the addition of two tower mills prior to the expanded leach circuit. This will increase the overall retention time of the leach circuit to 12 hours and is estimated to yield an average increase in metallurgical recovery of 2% throughout the LOM. This metallurgical recovery improvement is reflected in the life of mine economic assessment during the second half of 2021. The all-in sustaining cost on a by-product basis1, which includes sustaining capital and capital stripping but excludes revenue-based taxes, averages $828 per ounce of gold for the period from 2020 to the estimated end of mine life in 2031. All-in sustaining cost on a by-product basis, is a non-GAAP financial performance measure; please refer to the Company’s News Release and MD&A dated February 24, 2021. Using a gold price of $1,350 per ounce, silver price of $17.00 per ounce and exchange rate of 70KGS/US$, as assumed for the mineral reserve estimation process, the net cash flow for the Kumtor Mine from 2020 to the end of 2031 is estimated to be $1,961 million. The after-tax net present value (“NPV”) at a discount rate of 5% is estimated to be $1,552 million. Estimated Cash Flow Summary DescriptionUnits202020212022202320242025202620272028202920302031TotalGold SalesOunce ('000)5604905905905955955703503603502003775,627Gold Price$1,5151,3501,3501,3501,3501,3501,3501,3501,3501,3501,3501,3501,364Gold Sales Revenue$ Millions8486627977978038037704734864732705097,689Net Refinery fees$ Millions(0)(2)(2)(2)(2)(2)(2)(1)(1)(1)(1)(1)(18)Net Gold Sales Revenue$ Millions8486607947948018017684714854712695087,671Operating costs$ Millions1331822551541381912431833641441411562,284Mandatory Contributions$ Millions211516777766656106Working Capital$ Millions12(12)11111(45)(19)(1)(1)44(14)Capital Costs$ Millions88160687362525558411175681Capital Stripping$ Millions150216142239257202144201----1,55214% Revenue Based Taxes$ Millions1199211111111211210766686638711,074Reclamation Funding$ Millions66664-------28Net Cash Flow$ Millions3201196203219235209225246792261,961Cumulative Net Cash Flow$ Millions3203215167199381,1741,3831,3851,4101,6561,7351,961 All-in sustaining costs per oz1 $7811,0237468578587606871,3366898391,158480828All-in costs per oz1 $1,0371,4149341,0601,0609488761,5258781,0281,3466691,044Net Present Value $ MillionsDiscount Rate $1,961 0% $1,552 5% $1,374 8% Note: 2020 gold price is the average of actual realized price for the first and second quarters of 2020 and $1,350 per ounce for the third and fourth quarters of 2020. Actual free cash flow1 realized in 2020 was $438 million at an average realized gold price of $1,725 per ounce. Sensitivity of NPV to the Impact of Changes in Gold Price NPV $ millionsSensitivity to Gold Price at 0%, 5%, and 8% Discount RatesDiscount Rate Gold Price ($/ounce)0%5%8%-20%$738$579$512-10%$1,349$1,067$945$1,350$1,961 $1,552 $1,374 +10%$2,572$2,035$1,800+20%$3,184$2,519$2,227 Sensitivity of NPV (5%) to the Impact of Change in Total Operating and Capital Cost Estimates NPV $ millionsSensitivities to costs at $1,350/oz gold and 5% Discount RateVariableOperating CostsCapital Costs-20%$2,137$1,660-10%$1,844$1,606Base Case$1,552$1,552 +10%$1,258$1,497+20%$964$1,443 Sensitivity of NPV to the Impact of Change in Exchange Rate NPV $ millionsSensitivity to FX at 0%, 5% and 8% Discount RatesDiscount Rate FX (KGS/USD)0%5%8%-20%$2,145$1,698$1,503-10%$2,042$1,617$1,43170.00$1,961 $1,552 $1,374 +10%$1,894$1,498$1,327+20%$1,838$1,454$1,287 Centerra Year-end Gold Mineral Reserves and Mineral Resources Mineral ReservesAt December 31, 2020, proven and probable gold mineral reserves total an estimated 11.2 million contained ounces (374.6 Mt at 0.93 g/t Au), compared to 11.1 million contained ounces (441.9 Mt at 0.78 g/t Au) in the prior year. During 2020, proven and probable gold mineral reserves increased by 79,000 contained ounces, after processing of 1,084,000 contained ounces and the disposition of the Greenstone Property (including the Hardrock Project 2,324,000 contained ounces) as of December 2020. Additions in 2020 totaled 2,403,000 contained ounces after accounting for processing of 665,000 contained ounces at Kumtor, 264,000 contained ounces at Mount Milligan and 155,000 contained ounces at Öksüt. KumtorAt the Kumtor Mine, at the end of December 2020, proven and probable gold mineral reserves total an estimated 6.01 million ounces of contained gold (70.3 Mt at 2.66 g/t gold), compared to 3.21 million contained ounces (43.3 Mt at 2.31 g/t gold) as of December 31, 2019. During 2020, proven and probable gold mineral reserves increased by 2.8 million contained ounces, after accounting for processing of 665,000 contained ounces. The December 31, 2020 mineral reserves at Kumtor have been estimated by incorporating the updated 2020 resource estimate. This includes the updated life-of-mine pit optimization and schedule. Mount MilliganAt the Mount Milligan Mine, proven and probable gold mineral reserves total an estimated 2.1 million ounces of contained gold (170.6 Mt at 0.39 g/t gold) as of December 31, 2020, compared to 2.4 million contained ounces gold (191.0 Mt at 0.39 g/t gold) as of December 31, 2019. For 2020, proven and probable gold mineral reserves decreased by 259,000 contained ounces of gold, including the processing of 264,000 contained ounces of gold. The 2020 production reconciliation recorded a positive mine and mill reconciliation relative to the 2020 published Technical Report. Further model improvements will be carried out during the 2021. ÖksütAt the Öksüt Mine, proven and probable gold mineral reserves total an estimated 1.1 million ounces of contained gold (26.3 Mt at 1.34 g/t gold) at December 31, 2020, compared to the estimated 1.3 million ounces of contained gold (29.4 Mt at 1.35 g/t gold) as at December 31, 2019. Proven and probable gold mineral reserves decreased by 138,000 contained ounces due to depletion relative to December 31, 2019 reserves statement. An updated resource estimate based on a new block model was completed as of November 30, 2020 and a new mine plan with an updated reserves statement is expected to be completed by the end of 2021. KemessAt the Kemess Property, the proven and probable gold mineral reserves for the Kemess Underground Project are unchanged at an estimated 1.9 million contained ounces (107.4 Mt at 0.50 g/t gold) as at December 31, 2020. Mineral ResourcesMeasured and indicated gold mineral resources, exclusive of gold mineral reserves, decreased by 5.4 million ounces of contained gold to 7.9 million ounces of contained gold (512.6 Mt at 0.48 g/t gold), compared to the December 31, 2019 estimate. The decrease is a result of converting mineral resources into mineral reserves at Kumtor based on the 2021 Technical Report, and the disposition of the Greenstone Property (a decrease of 1.4 million contained ounces) as of December 2020. KumtorAt Kumtor, measured and indicated gold mineral resources decreased from December 31, 2019 to December 31, 2020 by 4.0 million contained ounces to 2.3 million contained ounces of gold (25.5 Mt at 2.78 g/t gold) due to the updated life of mine and conversion of the resources into reserves. Parameters used to constrain the resource and reserves pit shell are presented in updating the Kumtor life-of-mine plan in the 2021 Technical Report. The 2019 mineral resource estimate for Kumtor is based on an updated interpretation of mineralized zones and modeling parameters effective as of January 31, 2020. The updated resource estimate includes updated resource models for both the Central Pit and SW/Sarytor Pit. Mount MilliganAt the Mount Milligan Mine, measured and indicated resources decreased from December 31, 2019 to December 31, 2020 by 12,000 contained ounces of gold offset by the positive reconciliation and stockpile adjustment of 120,000 contained ounces of gold. Measured and indicated gold resources now total 1.4 million ounces of contained gold (125.1 Mt at 0.35 g/t gold). ÖksütAt the Öksüt Mine, measured and indicated gold resources increased from December 31, 2019 to December 31, 2020 by 18,000 contained ounces attributable an updated resource estimate as of November 30, 2020, offset by processing 155,000 contained ounces of gold during 2020. KemessAt the Kemess Underground and Kemess East projects, measured and indicated gold resources are unchanged on December 31, 2020 compared to December 31, 2019, totaling 4.0 million ounces of contained gold (351.2 Mt at 0.36 g/t gold). Inferred Gold Mineral Resources The Company’s inferred gold mineral resource estimate totals 5.4 million contained ounces of gold (119.9 Mt at 1.39 g/t gold), a decrease of 1.3 million contained ounces as at December 31, 2020 compared to December 31, 2019. The decrease is primarily a result of the disposition of the Greenstone Property (including the Hardrock Project) a decrease of 1.3 million contained ounces. Inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or part of the inferred mineral resources will ever be upgraded to a higher category. Centerra Year-end Copper Mineral Reserves and Mineral Resources Mineral ReservesProven and probable copper mineral reserves total an estimated 1,467 million pounds of contained copper (278 Mt at 0.24% copper). The copper mineral reserves have been estimated based on a copper price of $3.00 per pound for the Mount Milligan Mine and the Kemess Underground Project. Mount MilliganAt the Mount Milligan Mine, proven and probable copper mineral reserves total an estimated 837 million pounds of contained copper (170 Mt at 0.22% copper) as at December 31, 2020 compared to 959 million pounds of contained copper (191 Mt 0.23% copper) as of December 31, 2019. Proven and probable copper mineral reserves decreased by 121 million contained pounds of copper, after processing 112 million contained pounds of copper in 2020. The December 31, 2020 mineral reserves inventory reflects the 2020 Mount Milligan copper production and the relevant depletion. KemessThe Kemess Underground Project’s proven and probable copper mineral reserves are unchanged and are estimated to be 630 million pounds of contained copper (107 Mt at 0.27% copper) at December 31, 2020. Mineral ResourcesMeasured and indicated copper mineral resources, exclusive of mineral reserves, total an estimated 5,329 million pounds of contained copper (873 Mt at 0.21% copper). The copper mineral resources are located at the Mount Milligan Mine, the Berg Property, Kemess Underground, and Kemess East properties, all located in Canada. Mount MilliganAt Mount Milligan, measured and indicated mineral resources, exclusive of mineral reserves, increased by 3 million pounds of contained copper to an estimated 521 million pounds of contained copper (125 Mt at 0.19% copper) as at December 31, 2020. The increase in measured and indicated mineral resources is based on the positive reconciliation of 2020 mine production. KemessAt Kemess, measured and indicated mineral resources that are exclusive of reserves are unchanged at 2,107 million pounds of contained copper at December 31, 2019. The Kemess Underground measured and indicated mineral resources are 174 Mt at 0.18% copper or an estimated 697 million pounds of contained copper and Kemess East measured and indicated mineral resources of 178 Mt at 0.36% copper or an estimated 1,410 million pounds of contained copper. Inferred Copper Mineral ResourcesCenterra’s inferred copper mineral resource estimate totals 520 million pounds of contained copper (99 Mt at 0.16% copper). This includes an estimated 28 million pounds of contained copper (7.9 Mt at 0.16% copper) at Mount Milligan that represents a year-over-year increase of 18 million pounds of contained copper due to a revised resource classification. At Kemess inferred copper mineral resources include 210 million pounds of contained copper (48 Mt at 0.20% copper) at Kemess Underground and 203 million pounds of contained copper (29 Mt at 0.31%) at Kemess East, both unchanged from year-end 2019. Inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or part of the inferred mineral resources will ever be upgraded to a higher category. Table 1 (see additional footnotes pages 13-14)Centerra Gold Inc. 2020 Year-End Mineral Reserve and Resources Summary – Gold (1) (5) (as of December 31, 2020) Proven and Probable Gold Mineral Reserves ProvenProbableTotal Proven and ProbablePropertyTonnes(kt)Grade(g/t)Contained Gold (koz)Tonnes(kt)Grade(g/t)Contained Gold (koz)Tonnes(kt)Grade(g/t)Contained Gold (koz)Mount Milligan (4)125,1790.401,61345,3970.37535170,5760.392,148Kumtor - Open Pit10,6931.4248759,6132.885,52570,3062.666,013Öksüt1100.19126,2031.351,13526,3131.341,136Kemess Underground---107,3810.501,868107,3810.501,868Total135,9820.482,101238,5941.189,065374,5760.9311,166 Measured and Indicated Gold Mineral Resources (2) MeasuredIndicatedTotal Measured and IndicatedPropertyTonnes(kt)Grade(g/t)Contained Gold (koz)Tonnes(kt)Grade(g/t)Contained Gold (koz)Tonnes(kt)Grade(g/t)Contained Gold (koz)Mount Milligan (4)61,6730.3773763,4300.32659125,1030.351,396Kumtor - Open Pit9,4783.441,04816,0542.391,23225,5322.782,280Öksüt5,8130.581094,9430.7612010,7560.66230Kemess Underground---173,7190.311,737173,7190.311,737Kemess East---177,5000.402,305177,5000.402,305Total76,9640.771,894435,6460.436,053512,6100.487,948 Inferred Gold Mineral Resources (3) PropertyTonnes(kt)Grade(g/t)Contained Gold (koz) Mount Milligan (4)7,8720.3178 Kumtor - Open Pit20,8641.971,324 Kumtor - Underground13,1007.463,141 Öksüt1,1140.6623 Kemess Underground47,7000.34529 Kemess East29,3000.30283 Total119,9501.395,379 1)Centerra’s equity interests as of this news release are as follows: Mount Milligan 100%, Kumtor 100%, Öksüt 100%, Kemess Underground and Kemess East 100%.2)Mineral resources are in addition to mineral reserves. Mineral resources do not have demonstrated economic viability.3)Inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or part of the inferred mineral resources will ever be upgraded to a higher category.4)Production at Mount Milligan is subject to a streaming agreement with RGLD Gold AG and Royal Gold, Inc. (collectively, “Royal Gold”) which entitles Royal Gold to 35% of gold sales from the Mount Milligan Mine. Under the stream arrangement, Royal Gold will pay $435 per ounce of gold delivered. Mineral reserves for the Mount Milligan property are presented on a 100% basis.5)Numbers may not add up due to rounding. Table 2 (see additional footnotes pages 13-14)Centerra Gold Inc. 2020 Year-End Mineral Reserve and Resources Summary - Other Metals (1) (6) (as of December 31, 2020) PropertyTonnes(kt)Copper Grade (%)Contained Copper(Mlbs)Molybdenum Grade (%)Contained Molybdenum(Mlbs)Silver Grade(g/t)Contained Silver(koz)Proven Mineral ReservesMount Milligan (4)125,1790.23624----Probable Mineral ReservesMount Milligan (4)45,3970.21213----Kemess Underground107,3810.27630--1.996,878 Total Proven and Probable Mineral ReservesMount Milligan (4)170,5760.22837----Kemess Underground107,3810.27630--1.996,878Total Copper and Silver277,9570.241,467--0.776,878 Measured Mineral Resources (2)Mount Milligan (4)61,6730.18238----Berg (5)176,3840.361,3910.031323.0217,152Kemess Underground-------Kemess East-------Thompson Creek57,645--0.0792--Endako47,100--0.0548-- Indicated Mineral Resources (2)Mount Milligan (4)63,4300.20283----Berg (5)220,2840.271,3110.031613.0821,799Kemess Underground173,7190.18697--1.558,632Kemess East177,5000.361,410--1.9711,240Thompson Creek59,498--0.0785--Endako122,175--0.04118-- Total Measured and Indicated Mineral Resources (2)Mount Milligan (4)125,1030.19521----Berg (5)396,6680.312,7020.032933.0538,951Kemess Underground173,7190.18697--1.558,632Kemess East177,5000.361,410--1.9711,240Total Copper and Silver872,9900.215,3290.026361.5858,823Thompson Creek117,143--0.07177--Endako169,275--0.04166-- Inferred Mineral Resources (3)Mount Milligan (4)7,8720.1628----Berg (5)13,9820.26790.0254.391,971Kemess Underground47,7000.20210--1.652,530Kemess East29,3000.31203--2.001,880Total Copper and Silver98,8540.165200.02501.356,381Thompson Creek806--0.041--Endako47,325--0.0444-- 1)Centerra’s equity interests as of this news release are as follows: Mount Milligan 100%, Kemess Underground 100%, Kemess East 100%, Berg 100%, Thompson Creek 100%, and Endako 75%.2)Mineral resources are in addition to mineral reserves. Mineral resources do not have demonstrated economic viability.3)Inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or part of the inferred mineral resources will ever be upgraded to a higher category.4)Production at Mount Milligan is subject to a streaming agreement which entitles Royal Gold to 18.75% of copper sales from the Mount Milligan Mine. Under the stream arrangement, Royal Gold will pay 15% of the spot price per metric tonne of copper delivered. Mineral resources for the Mount Milligan property are presented on a 100% basis.5)In December 2020, the Berg property was optioned and the optionee has the right to acquire a 70% interest in the property over a period of up to five years.6)Numbers may not add up due to rounding. Table 3 - Centerra Gold Inc. (see additional footnotes pages 13-14)Reconciliation of Mineral Reserves and Mineral Resources (1) (2) - Gold Contained (koz) December 312019 (2)2020Throughput (3)2020 Addition(Deletion) (4)December 312020Proven and Probable Gold Mineral ReservesMount Milligan2,40726452,148Kumtor - Open Pit (5)3,2146653,4646,013Öksüt (6)1,274155181,136Kemess Underground1,868--1,868Greenstone(8)2,324-(2,324)-Total11,0861,0841,16411,166Measured and Indicated Gold Mineral ResourcesMount Milligan1,408-(12)1,396Kumtor - Open Pit (5)6,275-(3,995)2,280Öksüt (6)212-18230Kemess Underground(3)1,737--1,737Kemess East(3)2,305--2,305Greenstone(8)1,412-(1,412)-Total13,347-(5,399)7,948Inferred Mineral Gold Resources (7)Mount Milligan55 2378Kumtor - Open Pit (5)1,356-(33)1,324Kumtor - Underground3,125-153,141Öksüt (6)15-823Kemess Underground(3)529--529Kemess East(3)283--283Greenstone(8)1,360-(1,360)-Total6,722-(1,344)5,379 1)Centerra’s equity interests as of this news release are as follows: Mount Milligan 100%, Kumtor 100%, Öksüt 100%, Kemess Underground and Kemess East 100%.2)Mineral reserves and mineral resources reported in Centerra’s Annual Information Form filed in March 2020. Centerra reports mineral reserves and mineral resources separately. The amount of reported mineral resources does not include those amounts identified as mineral reserves. Mineral resources do not have demonstrated economic viability. Numbers may not add due to rounding.3)Corresponds to process plant feed at Mount Milligan, Kumtor and Öksüt.4)Changes in mineral reserves or mineral resources, as applicable, are attributed to: (i) changes to metal price and foreign exchange assumptions, (ii) information provided by drilling and subsequent reinterpretation and reclassification of mineral resources, and (iii) changes to cost estimates and metallurgical recoveries.5)Kumtor open pit mineral reserves and mineral resources include the Central Pit and the Southwest and Sarytor Pits.6)Öksüt open pit mineral reserves and mineral resources include the Keltepe and Guneytepe deposits.7)Inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or part of the inferred mineral resources will ever be converted to a higher category.8)Greenstone represents Centerra’s 50% equity interest in the Greenstone Gold properties (Hardrock, Brookbank, Key Lake, Kailey). The Company announced the sale of its interest December 15, 2020. Additional Footnotes for Tables 1, 2, 3 General A conversion factor of 31.1035 grams per troy ounce of gold is used in the mineral reserve and mineral resource estimates. Kumtor The mineral reserves have been estimated based on a gold price of $1,350 per ounce, diesel fuel price of $0.50/litre and an exchange rate of 1USD:70KGS.The open pit mineral reserves are estimated based on a cut-off grade of 0.85 grams of gold per tonne for the Central Pit and 1.0 grams of gold per tonne for the Southwest and Sarytor deposits.The mineral resources have been estimated based on a gold price of $1,550 per ounce.Open pit mineral resources are constrained by a pit shell.The open pit mineral resources are estimated based on a cut-off grade of 0.85 grams of gold per tonne for the Central Pit and 1.0 grams of gold per tonne for the Southwest and Sarytor deposits.Underground mineral resources occur below the open pit mineral resources shell and are constrained by underground mineable shapes based on a cut-off grade of 4.9 grams of gold per tonne.Further information concerning the Kumtor deposit, including key assumptions, parameters and methods used to estimate mineral reserves, as well as political, environmental and other risks are described in Centerra’s most recently filed Annual Information Form and the Technical Report on the Kumtor Project, dated February 24, 2021, each of which has been filed on SEDAR. Mount Milligan The mineral reserves have been estimated based on a gold price of $1,250 per ounce, copper price of $3.00 per pound and an exchange rate of 1USD:1.25CAD.The open pit mineral reserves are estimated based on an NSR cut-off of $7.64 per tonne (C$9.55 per tonne) and takes into consideration metallurgical recoveries, concentrate grades, transportation costs, smelter treatment charges and royalty and streaming arrangements in determining economic viability.The mineral resources have been estimated based on a gold price of $1,500 per ounce, copper price of $3.50 per pound and an exchange rate of 1USD:1.25CAD.The open pit mineral resources are constrained by a pit shell and are estimated based on an CuEq which was equivalent to NSR cut-off of $7.64 per tonne (C$9.55 per tonne) and takes into consideration metallurgical recoveries, concentrate grades, transportation costs, smelter treatment charges and royalty and streaming arrangements in determining economic viability.Further information concerning the Mount Milligan deposit, including key assumptions, parameters and methods used to estimate mineral resources and mineral reserves, as well as environmental and other risks are described in Centerra’s most recently filed Annual Information Form and in the Mount Milligan Mine Technical Report, dated March 26, 2020, each of which has been filed on SEDAR. Öksüt The mineral reserves have been estimated based on a gold price of $1,250 per ounce and an exchange rate of 1USD:5.5TL.The open pit mineral reserves are estimated based on 0.25 grams of gold per tonne cut-off grade.Open pit optimization used a tonne weighted LOM metallurgical recovery of 77% (Keltepe Pit 75%, Guneytepe Pit 85%).The mineral resources have been estimated based on a gold price of $1,500 per ounce.Open pit mineral resources are constrained by a pit shell and are estimated based on 0.2 grams of gold per tonne cut-off grade.Further information concerning the Öksüt deposit, including key assumptions, parameters and methods used to estimate mineral resources and mineral reserves, as well as environmental and other risks are described in Centerra’s most recently filed Annual Information Form and the Technical Report on the Öksüt Project, dated September 3, 2015, each of which has been filed on SEDAR. Kemess Underground The mineral reserves have been estimated based on a gold price of $1,250 per ounce, copper price of $3.00 per pound and an exchange rate of 1USD:1.25CAD.The mineral reserves are estimated based on an NSR cut-off of C$17.30 per tonne and takes into consideration metallurgical recoveries, concentrate grades, transportation costs and smelter treatment charges in determining economic viability.The mineral resources have been estimated based on a gold price of $1,450 per ounce, copper price of $3.50 per pound and an exchange rate of 1USD:1.25CAD.The mineral resources are estimated based on an NSR cut-off of C$15.00 per tonne and takes into consideration metallurgical recoveries, concentrate grades, transportation costs and smelter treatment charges.Further information concerning the Kemess Underground deposit is described in the technical report dated July 14, 2017 and filed on SEDAR at www.sedar.com by AuRico Metals Inc. The technical report describes the exploration history, geology and style of gold mineralization at the Kemess Underground deposit. Sample preparation, analytical techniques, laboratories used and quality assurance-quality control protocols used during the exploration drilling programs are consistent with industry standards and carried out by independent certified assay labs. Kemess East The mineral resources have been estimated based on a gold price of $1,450 per ounce, copper price of $3.50 per pound and an exchange rate of 1USD:1.25CAD.The mineral resources are estimated based on an NSR cut-off of C$17.30 per tonne and takes into consideration metallurgical recoveries, concentrate grades, transportation costs and smelter treatment charges.Further information concerning the Kemess East project is described in the technical report dated July 14, 2017 and filed on SEDAR at www.sedar.com by AuRico Metals Inc. The technical report describes the exploration history, geology and style of gold mineralization at the Kemess East project. Sample preparation, analytical techniques, laboratories used and quality assurance-quality control protocols used during the exploration drilling programs are consistent with industry standards and carried out by independent certified assay labs. Thompson Creek The mineral resources have been estimated based on a molybdenum price of $14.00 per pound.The open pit mineral resources are constrained by a pit shell and are estimated based on 0.030% molybdenum cut-off grade. Endako The mineral resources have been estimated based on a molybdenum price of $14.00 per pound and an exchange rate of 1USD:1.25CAD.The open pit mineral resources are constrained by a pit shell and are estimated based on 0.025% molybdenum cut-off grade. Berg The mineral resources have been estimated based on a copper price of $3.50 per pound, molybdenum price of $14.00 per pound, silver price of 21.00 per ounce and an exchange rate of 1USD:1.25CAD.The open pit mineral resources are constrained by a pit shell and are estimated based on 0.25% copper equivalent cut-off grade that takes into consideration metallurgical recoveries, concentrate grades, transportation costs, and smelter treatment charges in determining economic viability. Qualified Person Slobodan (Bob) Jankovic, Professional Geoscientist, member of the Association of Professional Geoscientists of Ontario (APGO) and Centerra’s Senior Director, Technical Services, has reviewed and approved the scientific and technical information related to mineral reserves and resources estimates contained in this news release. Bob Jankovic is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101 (“NI 43-101”). All mineral reserve and resources have been estimated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101. Mineral reserve and mineral resource estimates are forward-looking information and are based on key assumptions and subject to material risk factors. If any event arising from these risks occurs, the Company’s business, prospects, financial condition, results of operations or cash flows and the market price of Centerra’s shares could be adversely affected. Additional risks and uncertainties not currently known to the Company, or that are currently deemed immaterial, may also materially and adversely affect the Company's business operations, prospects, financial condition, results of operations or cash flows and the market price of Centerra’s shares. See the section entitled “Risk Factors” in the Company’s annual Management’s Discussion and Analysis (MD&A) for the year-ended December 31, 2020, available on SEDAR at www.sedar.com and see also the discussion below under the heading “Caution Regarding Forward-looking Information”. 2020 Fourth Quarter Exploration UpdateExploration activities in the fourth quarter of 2020 included drilling, surface sampling, geological mapping, and geophysical surveying at the Company’s various projects (including earn-in properties), targeting gold and copper mineralization in Canada, Turkey, Finland, USA, and the Kyrgyz Republic. The Company expanded its 2020 exploration program, when compared to 2019, and primarily focused on brownfield exploration at Kumtor, Mount Milligan and Öksüt. Exploration expenditures totaled $13.0 million in the fourth quarter of 2020 and $39.2 million for full year 2020, which reflect the impact of delays associated with COVID-19, compared to $9.1 million and $28.0 million in the same periods of 2019. Kumtor Mine Brownfields Exploration Kyrgyz Republic The 2020 exploration drilling program at Kumtor Mine totaled 50,044 metres (196 drill holes). This included 159 diamond drill holes for 45,023 metres and 37 reverse circulation (“RC”) drill holes for 5,021 metres. Exploration drilling in 2020 was focused in the Central, Muzdusuu, Sarytor, and Bordoo areas and the Southwest area in the Koshuluu Zone, Hope Zone, SW Oxide Deep Zone and Lower Horseshoe Zone. During the fourth quarter of 2020, exploration drilling programs continued with the completion of 54 diamond drill holes for 16,579 metres and eight RC drill holes for 1,537 metres. Exploration drilling focused on testing zones of sulphide and oxide gold mineralization in the corridor between the Central and Southwest pits (Koshuluu Zone, Hope Zone, Triangle Zone and SW Oxide Deep Zone), on the periphery of the Sarytor area, Northeast targets, Bordoo area and Muzdusuu area. Central Pit In the Triangle Zone of the Central Pit, one exploration drill hole was completed. A significant intersection is reported below: D207811.2 metres @ 1.31 g/t Gold (“Au”) from 301.8 metres16.5 metres @ 2.75 g/t Au from 446.5 metres Southwest Area Twenty-six diamond drill holes were completed in the Southwest Deposit for a total of 8,035 metres. Most of the drill holes were completed between Southwest and Central Pits in the Koshuluu Zone, Hope Zone and Oxide Deep Zone (Southwest Pit). In the Oxide Deep Zone, drill holes SW-20-380 and 386 intersected broad intervals of oxidized mineralized rocks, which belong to Unit 0. These drill holes showed the presence of oxide gold mineralization for over 120 metres towards the southwest and the zone remains open in this direction. Results are pending for several of the drill holes; selected best intercepts are listed below: SW-20-380225.3 metres @ 3.11 g/t Au from 333.7 metresIncluding 18.1 metres @ 6.36 g/t Au from 347.9 metresIncluding 10.0 metres @ 6.53 g/t Au from 408.2 metresIncluding 3.0 metres @ 6.64 g/t Au from 436.3 metresIncluding 8.4 metres @ 6.26 g/t Au from 466.5 metresIncluding 25.2 metres @ 6.38 g/t Au from 515.8 metresSW-20-386222.3 metres @ 4.11 g/t Au from 365.2 metresIncluding 37.9 metres @ 8.28 g/t Au from 367.2 metresIncluding 12.4 metres @ 8.59 g/t Au from 446.9 metresIncluding 6.0 metres @ 8.32 g/t Au from 468.0 metresIncluding 14.7 metres @ 8.31 g/t Au from 546.3 metres Muzdusuu AreaNine diamond drill holes were completed in the Muzdusuu Area for a total of 1,710 metres. Drilling in the Muzdusuu Area (outside Central Pit) is designed to explore for oxide and mixed oxide-sulfide gold mineralization along the Kumtor lower thrust. Gold mineralization has been traced in both northeast and southwest directions and shows continuity and substantial volume under the ultimate Central Deposit open pit. Selected best intercepts are shown below: DM2071A6.3 metres @ 0.45 g/t Au from 69.7 metres 81.6 metres @ 0.81 g/t Au from 156.0 metresIncluding 4.0 metres @ 1.67 g/t Au from 161.0 metresIncluding 24.2 metres @ 1.68 g/t Au from 175.3 metresDM209314.7 metres @ 0.27 g/t Au from 78.7 metres 76.1 metres @ 1.77 g/t Au from 113.3 metresIncluding 28.7 metres @ 3.58 g/t Au from 132.4 metresDM209410.0 metres @ 0.13 g/t Au from 18.0 metres 79.4 metres @ 0.27 g/t Au from 37.7 metresIncluding 9.3 metres @ 0.63 g/t Au from 37.7 metresIncluding 3.0 metres @ 0.57 g/t Au from 78.0 metresIncluding 4.0 metres @ 0.61 g/t Au from 89.6 metresIncluding 4.4 metres @ 0.58 g/t Au from 99.7 metres7.4 metres @ 0.35 g/t Au from 123.1 metres Northeast AreaIn the Northeast area, eight RC drill holes were completed for a total of 1,537 metres. Drilling was carried out in the northwestern part of the area, where holes intersected oxide gold mineralization confined to the tectonic mélange zone. Results are pending for several of the drill holes; selected best intercepts are listed below: DNR20825.0 metres @ 0.31 g/t Au from 40.0 metresDNR208311.0 metres @ 1.80 g/t Au from 71.0 metresIncluding 5.0 metres @ 3.78 g/t Au from 77.0 metres10.0 metres @ 0.68 g/t Au from 117.0 metresIncluding 3.0 metres @ 1.58 g/t Au from 120.0 metres Sarytor AreaEight diamond drill holes were completed in the Sarytor area for a total of 2,811 metres. Several drill holes intersected significant sulfide gold mineralization; selected best intercepts are listed below: SR-20-2484.8 metres @ 1.35 g/t Au from 301.7 metres 8.9 metres @ 1.0 g/t Au from 321.7 metresSR-20-356A12.9 metres @ 1.17 g/t Au from 345.9 metresSR-20-35918.5 metres @ 1.99 g/t Au from 365.8 metresIncluding 3.0 metres @ 4.20 g/t Au from 371.8 metres11.9 metres @ 1.54 g/t Au from 390.5 metresSR-20-38125.0 metres @ 3.60 g/t Au from 348.0 metresIncluding 3.0 metres @ 7.72 g/t Au from 364.0 metres Bordoo AreaDuring the fourth quarter, exploration drilling was initiated in the Bordoo area. Ten diamond drill holes were completed for a total of 3,644 metres. Results are pending for several of the drill holes; there was no significant mineralization intercepted at the time of reporting. The above mineralized intercepts were calculated using a cut-off grade of 1.0 g/t Au for sulphide and 0.1 g/t Au for oxide mineralization, minimum interval of 4 metres and a maximum internal dilution interval of 5 metres. The true widths for sulphide and oxide mineralized intervals reported represent approximately 70 to 95% of the stated down hole interval. Drill collar locations and associated graphics are available at the following link: http://ml.globenewswire.com/Resource/Download/91787cf6-8b9e-491a-9014-4c2b1507da1f A full listing of the drill results, drill hole locations and plan map (including the azimuth, dip of drill holes, and depth of the sample intervals) for the Kumtor Mine have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and are available at the Company’s web site www.centerragold.com. Mount Milligan Mine The 2020 exploration drilling program at Mount Milligan Mine totaled 35,954 metres in 73 drill holes. This included 30,513 metres (62 drill holes) of brownfield exploration drilling and 5,441 metres (11 drill holes) of greenfield exploration drilling. Brownfield Drilling and ExplorationIn the fourth quarter, 22 brownfield drill holes were completed totaling 11,844 metres. Of these, one drill hole (487 metres) tested the southernmost DWBX Zone near the pit west wall, and 19 drill holes (8,597 metres) tested the Southern Star Zone, mainly near the pit west wall. In addition, two drill holes were designed to test for mineralization below historical drilling and test a deep geophysical feature. They were collared west of the open pit in the King Richard and DWBX zones. During the quarter, assay results were received for 24 brownfield drill holes that were drilled in the Great Eastern Fault (“GEF”) Zone, in the MBX Zone, in the DWBX Zone, in the Goldmark Zone, in Zone-4, in the King Richard Zone, in the Southern Star Zone, and in the South Boundary Zone. Best weighted average intersections are reported below. Geophysical work completed in the fourth quarter included 25.6 line-kilometres of ground-based induced polarization (“IP”) survey in the South Boundary Zone. 20-1250(GEF)18.3 metres @ 0.49 g/t Au, 0.73% Copper (“Cu”) from 54.9 metresIncluding 2.0 metres @ 1.85 g/t Au, 1.61% Cu from 56.0 metres40.2 metres @ 0.73 g/t Au, 0.39% Cu from 486.8 metresIncluding 23.8 metres @ 1.01 g/t Au, 0.46% Cu from 493.2 metres20-1261(GEF)32.0 metres @ 0.38 g/t Au, 0.07% Cu from 163.0 metresIncluding 1.0 metres @ 1.10 g/t Au, 0.04% Cu from 171.0 metres and 2.0 metres @ 1.13 g/t Au, 0.05% Cu from 189.0 metres20-1274(GEF)61.7 metres @ 0.33 g/t Au, 0.02% Cu from 219.0 metresIncluding 2.0 metres @ 5.06 g/t Au, 0.23% Cu from 262.5 metres76.1 metres @ 0.44 g/t Au, 0.25% Cu from 390.7 metresIncluding 2.8 metres @ 3.21 g/t Au, 1.14% Cu from 429.9 metres20-1269(MBX)30.5 metres @ 0.47 g/t Au, 0.25% Cu from 46.0 metresIncluding 1.2 metres @ 5.95 g/t Au, 1.15% Cu from 72.5 metres212.7 metres @ 0.69 g/t Au, 0.18% Cu from 142.3 metresIncluding 3.0 metres @ 7.25 g/t Au, 0.15% Cu from 177.9 metres and 2.0 metres @ 1.49 g/t Au, 0.14% Cu from 278.0 metres and 31.1 metres @ 2.16 g/t Au, 0.22% Cu from 302.9 metres and 1.2 metres @ 2.74 g/t Au, 0.62% Cu from 342.0 metres20-1273(DWBX)67.0 metres @ 0.20 g/t Au, 0.25% Cu from 160.0 metres20-1275(DWBX)20.0 metres @ 1.85 g/t Au, 0.06% Cu from 283.0 metresIncluding 2.0 metres @ 17.00 g/t Au, 0.04% Cu from 290.0 metres11.5 metres @ 8.64 g/t Au, 0.08% Cu from 423.5 metresIncluding 3.0 metres @ 32.63 g/t Au, 0.06% Cu from 430.0 metres20-1263(Goldmark)26.5 metres @ 0.56 g/t Au, 0.03% Cu from 211.0 metresIncluding 2.4 metres @ 1.82 g/t Au, 0.11% Cu from 223.2 metres and 3.8 metres @ 1.31 g/t Au, 0.04% Cu from 231.5 metres9.0 metres @ 1.18 g/t Au, 0.03% Cu from 354.0 metresIncluding 2.0 metres @ 4.33 g/t Au, 0.07% Cu from 354.0 metres20-1267(Goldmark)22.1 metres @ 1.14 g/t Au, 0.28% Cu from 418.0 metresIncluding 2.0 metres @ 9.30 g/t Au, 0.29% Cu from 418.0 metres20-1268(King Richard)45.0 metres @ 0.33 g/t Au, 0.22% Cu from 398.0 metres20-1272(King Richard)12.9 metres @ 0.54 g/t Au, 0.07% Cu from 30.1 metresIncluding 1.3 metres @ 3.86 g/t Au, 0.03% Cu from 34.0 metres20-1276(Southern Star)128.1 metres @ 0.21 g/t Au, 0.19% Cu from 5.9 metresIncluding 2.0 metres @ 1.41 g/t Au, 0.17% Cu from 33.0 metres20-1282(Southern Star)26.8 metres @ 0.54 g/t Au, 0.04% Cu from 109.0 metresIncluding 6.0 metres @ 1.98 g/t Au, 0.03% Cu from 109.0 metres20-1283(Southern Star)109.3 metres @ 0.21 g/t Au*, 0.18% Cu from 101.0 metres*Au QC pending20-1285(Southern Star)103.0 metres @ 0.24 g/t Au, 0.18% Cu from 91.2 metres20-1253(South Boundary)4.5 metres @ 3.25 g/t Au, 0.05% Cu from 182.0 metresIncluding 1.6 metres @ 9.13 g/t Au, 0.04% Cu from 184.9 metres9.5 metres @ 1.92 g/t Au, 0.07% Cu from 343.6 metresIncluding 1.8 metres @ 8.49 g/t Au, 0.24% Cu from 346.0 metres Significant intersections at Mount Milligan are generally hosted in andesite or latite volcaniclastic rocks, narrow monzonite porphyry units or larger stocks (hangingwall and footwall margins), hydrothermal breccia units, and can be proximal to fault structures and related breccia/fracture zones. Early-stage alteration is variably potassic (magnetite bearing) and inner-propylitic (albite bearing) with early-stage gold-copper mineralized veins. This assemblage is variably overprinted by quartz-sericite-pyrite-carbonate (QSPC) alteration with associated transitional- to late-stage veins. The overprinting QSPC assemblage can be grade enhancing, particularly for gold, and is the predominant assemblage in parts of the deposit. The above mineralized intercepts were calculated using a cut-off grade of 0.1 g/t Au and a maximum internal dilution interval of 4 metres. Significant assay intervals reported represent apparent widths due to the undefined geometry of mineralization in this zone, relationship between fault blocks, and conceptual nature of the exploration target. Drill collar locations and associated graphics are available at the following link: http://ml.globenewswire.com/Resource/Download/91787cf6-8b9e-491a-9014-4c2b1507da1f A full listing of the drill results, drill hole locations and plan map (including the azimuth, dip of drill holes, and depth of the sample intervals) for the Mount Milligan Mine have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and are available at the Company’s web site www.centerragold.com. Öksüt MineThe 2020 exploration drilling program at Öksüt Mine totalled 19,666 metres in 77 drill holes. In the fourth quarter, 31 drill holes were drilled for 8,846 metres. Eight drill holes targeted geochemical and geophysical anomalism at the Yelibelen and Boztepe Prospects, whilst the remainder of the drill holes were designed as infill and step-out drill holes for resource expansion and resource development. The infill and step-out drill holes were mainly focused on expanding the gold resources at the Keltepe and Güneytepe deposits, and on developing the Keltepe North oxide gold satellite resource. Apart from targeting shallow oxide gold mineralization closer to the surface, some holes were extended to test for deeper sulphide gold and supergene copper mineralization potential. Initial bottle roll results on sulphide gold mineralization indicated gold recoveries from 14 to 72%, which warranted the planning of more detailed metallurgical studies, including column leach testwork and flotation testing. Results are pending for several of the drill holes; selected best intercepts are listed below: Keltepe (resource upgrade and expansion of oxide gold) ODD039271.4 metres @ 0.67 g/t Au from 21.6 metresIncluding 13.2 metres @ 1.66 g/t Au from 46.9 metresODD039521.2 metres @ 3.16 g/t Au from 95.0 metresODD043477.8 metres @ 0.33 g/t Au from 184.0 metresODD0437A50.4 metres @ 1.18 g/t Au from 151.2 metres Güneytepe (resource expansion of oxide and sulphide gold) ODD040010.2 metres @ 1.24 g/t Au from 0.8 metresODD044434.0 metres @ 1.3 g/t Au, 0.61% Cu from 0.0 metres (base of the pit) Keltepe North (resource development of oxide gold) ODD043567.8 metres @ 0.48 g/t Au from 88.8 metresIncluding 5.0 metres @ 2.75 g/t Au from 130.8 metresODD043645.2 metres @ 0.66 g/t Au from 78.2 metresIncluding 17.6 metres @ 1.08 g/t Au from 102.0 metres The above mineralized intercepts were calculated using a cut-off grade of 0.2 g/t Au and a maximum internal dilution interval of 5 metres. The true widths of the mineralized intervals reported represent approximately 60 to 90% of the stated downhole interval. Drill collar locations and associated graphics are available at the following link: http://ml.globenewswire.com/Resource/Download/91787cf6-8b9e-491a-9014-4c2b1507da1f A full listing of the drill results, drill hole locations and plan map (including the azimuth, dip of drill holes, and depth of the sample intervals) for the Öksüt Mine have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and are available at the Company’s web site www.centerragold.com. Kemess ProjectKemess Brownfield DrillingThe 2020 Kemess exploration drilling program totaled 7,558 metres drilled in 11 drill holes. Of this, 3,302 metres (four drill holes) were drilled at the Nugget prospect, west of the proposed Kemess Underground (KUG) mine area; and 4,256 metres (seven drill holes) were drilled at the Kemess East prospect, east of the proposed KUG mine area. Assay results were received for nine brownfield drill holes during the fourth quarter: three from the Nugget East Block, and six from the Kemess East Deep extension zone (KED). Best weighted average intersections are reported below: KN-20-01(Nugget East Block) 366.4 metres @ 0.26 g/t Au, 0.12% Cu from 632.0 metresIncluding 2.0 metres @ 1.01 g/t Au, 0.15% Cu from 739.2 metresKN-20-02(Nugget East Block)512.0 metres @ 0.31 g/t Au, 0.14% Cu from 147.7 metresIncluding 1.5 metres @ 1.84 g/t Au, 0.12% Cu from 182.2 metres and 1.5 metres @ 1.08 g/t Au, 0.34% Cu from 278.5 metres and 1.5 metres @ 1.42 g/t Au, 0.40% Cu from 296.5 metres and 1.3 metres @ 2.93 g/t Au, 1.05% Cu from 348.5 metres and 1.4 metres @ 1.00 g/t Au, 0.29% Cu from 390.1 metres and 1.5 metres @ 1.19 g/t Au, 0.26% Cu from 394.5 metres and 1.3 metres @ 1.13 g/t Au, 0.74% Cu from 459.8 metresKN-20-03(Nugget East Block)98.0 metres @ 0.17 g/t Au, 0.03% Cu from 2.0 metres503.9 metres @ 0.24 g/t Au, 0.11% Cu from 250.0 metresIncluding 1.5 metres @ 1.53 g/t Au, 0.16% Cu from 252.5 metres and 1.1 metres @ 1.07 g/t Au, 0.67% Cu from 435.0 metresKH-16-08ext(Kemess East Deep)36.5 metres @ 0.46 g/t Au, 0.65% Cu from 1,718.0 metres 63.3 metres @ 0.33 g/t Au, 0.28% Cu from 1,765.8 metresKH-20-05(Kemess East Deep)148.9 metres @ 0.19 g/t Au, 0.32% Cu from 759.0 metres 60.8 metres @ 0.26 g/t Au, 0.31% Cu from 928.0 metres The above mineralized intercepts were calculated using a cut-off grade of 0.1 g/t Au and a maximum internal dilution interval of 4 metres. Significant assay intervals reported represent apparent widths due to the undefined geometry of mineralization in this zone, relationship between fault blocks, and conceptual nature of the exploration target. Drill collar locations and associated graphics are available at the following link: http://ml.globenewswire.com/Resource/Download/91787cf6-8b9e-491a-9014-4c2b1507da1f A full listing of the drill results, drill hole locations and plan map (including the azimuth, dip of drill holes, and depth of the sample intervals) for the Kemess Project have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and are available at the Company’s web site www.centerragold.com. Turkey Greenfield ProjectsDuring the fourth quarter, greenfield exploration programs targeting gold and copper mineralization were undertaken on a number of projects in Turkey. Drilling activities targeting geochemical and geophysical anomalies yielded significant gold intercepts at the Sivritepe Project located in north-eastern Turkey. Sivritepe ProjectTwo exploration licences (Sivritepe East and Sivritepe West) were acquired through the auction process in December 2018. Subsequent exploration activities, including geological mapping, geochemical sampling, and geophysical surveying (IP and heli-borne aeromagnetic surveys) generated targets for drill testing. During the fourth quarter, Phase-1 drill testing, comprising ten diamond drill holes for 2,431 metres, was completed. Several encouraging drill intercepts were recorded; selected best intercepts are listed below: Sivritepe West STW000361.3 metres @ 0.35 g/t Au from 17.0 metresSTW0004 54.0 metres @ 0.34 g/t Au from 0.0 metres (surface)including 2.0 metres @ 1.24 g/t Au from 17.0 metresSTW00078.6 metres @ 0.54 g/t Au from 94.0 metres Sivritepe East STE00018.1 metres @ 0.51 g/t Au from 45.5 metresSTE000325.0 metres @ 0.39 g/t Au from 18.0 metres The above mineralized intercepts were calculated using a cut-off grade of 0.15 g/t Au and a maximum internal dilution interval of 5 metres. Drill collar locations and associated graphics are available at the following link: http://ml.globenewswire.com/Resource/Download/91787cf6-8b9e-491a-9014-4c2b1507da1f A full listing of the drill results, drill hole locations and plan map (including the azimuth, dip of drill holes, and depth of the sample intervals) for the Sivritepe Project have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and are available at the Company’s web site www.centerragold.com. Other Projects During the fourth quarter of 2020, greenfield exploration programs targeting gold and copper mineralization were ongoing in Canada, Turkey, USA and Finland. Qualified Person & QA/QC – Exploration Exploration information and related scientific and technical information in this document regarding the Kumtor Mine were prepared in accordance with the standards of National Instrument 43-101 (“NI 43-101”) and were prepared, reviewed, verified and compiled by Boris Kotlyar, a member with the American Institute of Professional Geologists (AIPG), Chief Geologist, Global Exploration with Centerra, who is the qualified person for the purpose of NI 43-101. Sample preparation, analytical techniques, laboratories used, and quality assurance-quality control protocols used during the exploration drilling programs are done as described in the Kumtor Technical Report dated February 24, 2021 (with an effective date of July 1, 2020). The Kumtor deposit is described in Centerra’s most recently filed Annual Information Form and the Kumtor Technical Report, which are both filed on SEDAR at www.sedar.com. Exploration information and related scientific and technical information in this document regarding the Mount Milligan Mine and Kemess Project were prepared in accordance with the standards of NI 43-101 and were prepared, reviewed, verified and compiled by C. Paul Jago, Member of the Engineers and Geoscientists British Columbia, Exploration Manager at Centerra’s Mount Milligan Mine, who is the qualified person for the purpose of NI 43-101. Sample preparation, analytical techniques, laboratories used, and quality assurance quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs are used. The Mount Milligan deposit is described in Centerra’s most recently filed Annual Information Form and a technical report dated March 26, 2020 (with an effective date of December 31, 2019) prepared in accordance with NI 43-101, both of which are available on SEDAR at www.sedar.com. Exploration information and related scientific and technical information in this document regarding the Öksüt Mine and Sivritepe Project were prepared, reviewed, verified and compiled in accordance with NI 43-101 by Mustafa Cihan, Member of the Australian Institute of Geoscientists (AIG), Exploration Manager Turkey at Centerra’s Turkish subsidiary Centerra Madencilik A.Ş., who is the qualified person for the purpose of NI 43-101. Sample preparation, analytical techniques, laboratories used, and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry standards and independent certified assay labs are used. The Öksüt deposit is described in Centerra’s most recently filed Annual Information Form and in a technical report dated September 3, 2015 (with an effective date of June 30, 2015) prepared in accordance with NI 43-101, both of which are available on SEDAR at www.sedar.com. Caution Regarding Forward-Looking InformationInformation contained in this news release which are not statements of historical facts, and the documents incorporated by reference herein, may be “forward-looking information” for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things mineral reserve and mineral resource estimates, LOM estimates for the Kumtor Mine, including expected gold production and the extension of the mine life, life of mine operating and capital costs, and expected impact of planned improvements at the Kumtor mine on metallurgical recovery; future exploration potential; timing and scope of future exploration (brownfields or greenfields); anticipated costs and expenditures and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management; and management’s expectations regarding completing a new mine plan with updated mineral reserves at the Öksüt Mine. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Centerra, are inherently subject to significant political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. For a full list of the risk factors that can affect the Company, see its management’s discussion and analysis for the year ended December 31, 2020 and its most recently filed annual information form. Market price fluctuations in gold, copper and other metals, as well as increased capital or production costs or reduced recovery rates may render ore reserves containing lower grades of mineralization uneconomic and may ultimately result in a restatement of mineral reserves. The extent to which mineral resources may ultimately be reclassified as proven or probable mineral reserves is dependent upon the demonstration of their profitable recovery. Economic and technological factors which may change over time always influence the evaluation of mineral reserves or mineral resources. Centerra has not adjusted mineral resource figures in consideration of these risks and, therefore, Centerra can give no assurances that any mineral resource estimate will ultimately be reclassified as proven and probable mineral reserves. Mineral resources are not mineral reserves, and do not have demonstrated economic viability, but do have reasonable prospects for economic extraction. Measured and indicated mineral resources are sufficiently well defined to allow geological and grade continuity to be reasonably assumed and permit the application of technical and economic parameters in assessing the economic viability of the resource. Inferred mineral resources are estimated on limited information not sufficient to verify geological and grade continuity or to allow technical and economic parameters to be applied. Inferred mineral resources are too speculative geologically to have economic considerations applied to them to enable them to be categorized as mineral reserves. There is no certainty that mineral resources of any category can be upgraded to mineral reserves through continued exploration. Centerra’s mineral reserve and mineral resource figures are estimates and Centerra can provide no assurances that the indicated levels of gold or copper will be produced or that Centerra will receive the metal prices assumed in determining its mineral reserves. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While Centerra believes that these mineral reserve and mineral resource estimates are well established and the best estimates of Centerra’s management, by their nature mineral reserve and mineral resource estimates are imprecise and depend, to a certain extent, upon analysis of drilling results and statistical inferences which may ultimately prove unreliable. If Centerra’s mineral reserve or mineral reserve estimates for its properties are inaccurate or are reduced in the future, this could have an adverse impact on Centerra’s future cash flows, earnings, results or operations and financial condition. Centerra estimates the future mine life of its operations. Centerra can give no assurance that mine life estimates will be achieved. Failure to achieve these estimates could have an adverse impact on Centerra’s future cash flows, earnings, results of operations and financial condition. There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially, from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Centerra, and prospective investors should not place undue reliance on forward looking information. Forward-looking information is as of February 24, 2021. Centerra assumes no obligation to update or revise forward looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law. About CenterraCenterra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is one of the largest Western-based gold producers in Central Asia. Centerra operates three mines, the Kumtor Mine in the Kyrgyz Republic, the Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine in Turkey. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is based in Toronto, Ontario, Canada. For more information:John W. PearsonVice President, Investor Relations(416) 204-1953john.pearson@centerragold.com Additional information on Centerra is available on the Company’s web site at www.centerragold.com and at SEDAR at www.sedar.com. PDF available: http://ml.globenewswire.com/Resource/Download/048f5163-b398-41ea-abe9-82511cc64c02

2021-02-24 - Yahoo! Finance: QTA.V News

Quaterra Resources (CVE:QTA) Is In A Good Position To Deliver On Growth Plans

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, Quaterra Resources...

2021-02-24 - Yahoo! Finance: SURG.V News

Surge Copper Intersects 484 Metres of 0.42% CuEq at West Seel, Including 70 Metres of 0.63% CuEq from 46 Metres Depth

Surge Copper Corp. (TSXV: SURG) (Surge or the Company) is pleased to announce assay results for multiple resource definition and exploration holes from the Company's 100% owned Ootsa Property in British Columbia.

2021-02-24 - Yahoo! Finance: APY.TO News

Anglo Pacific Group PLC Announces Proposed placing and retail offer

THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, TRANSMISSION, RELEASE, DISTRIBUTION OR FORWARDING WOULD BE UNLAWFUL.THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATIONProposed placing and retail offer of new ordinary sharesLONDON, UK / ACCESSWIRE / February 24, 2021 / Anglo Pacific Group PLC (Anglo Pacific, the Company, the Group) (LSE: APF, TSX: APY) today announces its intention to conduct a placing (the Placing) of new ordinary shares of 2 pence each in the capital of the Company (the Ordinary Shares) (the Placing Shares) to both existing and new institutional investors in the Company.

2021-02-24 - Yahoo! Finance: APY.TO News

Anglo Pacific Group PLC Announces US$205m Voisey's Bay Cobalt Stream Acquisition

This is a landmark transaction that will provide a significant long-life revenue stream from an established, world class operation and is a transaction that materially progresses the Company's ambition to focus on 21st century commodities that support a more sustainable world.The Acquisition will be financed through a combination of an equity placing of less than 20 per cent.

2021-02-24 - Yahoo! Finance: ZNX.V News

ZincX Resources Provides an Update on the Kechika Regional Targeting Initiative

VANCOUVER, BC / ACCESSWIRE / February 24, 2021 / ZincX Resources Corp. (ZincX Resources or the Company) (TSXV:ZNX)(OTC PINK:ZNCXF)(FRA:M9R) is pleased to provide an update on the ongoing Kechika Trough targeting initiative.

2021-02-24 - Yahoo! Finance: MMX.TO News

Maverix Metals (TSE:MMX) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

2021-02-24 - Yahoo! Finance: OMI.TO News

Orosur Mining Inc Announces Block Listing Application and Options Exercise

LONDON, UK / ACCESSWIRE / February 24, 2021 / Orosur Mining Inc. (Orosur or the Company) (TSX:OMI)(AIM:OMI), a South American-focused gold developer and explorer announces that a block listing application (Block Listing) has been made to the London Stock Exchange for up to 11,764,706 common shares of no par value each in the Company (New Common Shares) to be admitted to trading on AIM.

2021-02-24 - Yahoo! Finance: MKA.V News

Mkango Commences Pilot Plant Processing of Bulk Sample From Songwe Hill Rare Earths Project

LONDON and VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the Company or Mkango) is pleased to announce the commencement of flotation pilot plant test work for the Songwe Hill Rare Earths project in Malawi (“Songwe” or the “Project”). Flotation pilot plant processing has commenced at ALS Metallurgy in Perth, Australia - a new, optimised flotation regime has been developed and now scaled up as part of the pilot programmePreparation for hydrometallurgical pilot testing is underway at ANSTO in Australia, which will process rare earth mineral concentrate produced from the flotation pilot plantDesign and engineering studies by lead engineer SENET (a DRA Global Group Company) are continuing in parallel, with the Songwe Feasibility Study targeted for completion in the fourth quarter of this yearScoping studies for rare earth separation have been completed, and strategic options for moving forward with potential sites are being evaluatedRising rare earth prices and concerns over security of supply provide a very favourable market backdrop, with accelerating demand geared to growth in green technology applications The selection and piloting of the flotation processing flowsheet is an integral part of the Feasibility Study and a critical step towards commercialisation of the Songwe project. The feed for the flotation pilot plant is derived from the 60 tonne bulk sample previously shipped from Malawi to Australia, having been selected from areas within the previously announced upgraded Measured and Indicated Mineral Resource Estimates, which underpin the ongoing Feasibility Study. No further resource drilling is required. William Dawes, Chief Executive of Mkango, stated: “The start of pilot plant processing is a major milestone for the company and Mkango joins the ranks of the very few rare earths projects that have been advanced to this stage of development. We look forward to announcing results from the pilot plant when available.” Mkango is uniquely positioned in the rare earths sector with an integrated “mine, refine, recycle” strategy encompassing sustainably sourced rare earths from Malawi, rare earth magnet recycling in the UK, via its interest in HyProMag, and strategic options to develop EU and UK rare earth separation and refining capacity. Rare earth prices have risen significantly over the recent months and the demand outlook is very positive, directly linked to growth in electric vehicles, wind power and other clean technology applications.” Processing and mineralogy are key value drivers for rare earth projects, and pilot test work is an integral part of developing a robust feasibility study and bankable project. The Songwe processing flow sheet has been developed and optimised by leading experts in rare earths processing and comprises flotation of run of mine ore to produce an upgraded mineral concentrate, which is then processed via hydrometallurgy to produce a high grade purified, cerium depleted, mixed rare earth carbonate enriched in neodymium, praseodymium, dysprosium and terbium. Flotation Pilot Plant Flotation is a key part of the processing flowsheet for Songwe with significant test work having been completed in South Africa, Canada and Australia in order to increase grade and recovery from those in Mkango’s previously announced pre-feasibility study. This work has resulted in a new flotation regime, which has been scaled up during the pilot programme. The flotation pilot plant will also provide SENET (a DRA Global Group Company) with essential operating data to assist it in the engineering of the Company’s commercial scale operation as well as providing mineral concentrate feed for hydrometallurgical pilot testing at ANSTO. Hydrometallurgy Pilot Plant As part of the feasibility study, significant optimisation test work has been successfully completed at ANSTO in Australia resulting in an improved process compared to the pre-feasibility study. Hydrometallurgical piloting will be completed at ANSTO following completion of flotation piloting. The majority of Songwe's rare earths are hosted within fluorocarbonate minerals, which means that high capital and energy intensive kilns will not be required during hydrometallurgical processing, in contrast to projects dominated by monazite or other refractory rare earths minerals. Scientific and technical information contained in this release has been approved and verified by Nicholas Dempers Pr.Eng (RSA) Reg. No 20150196, FSAIMM of SENET (a DRA Global Group Company), who is a Qualified Person in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. About Mkango Mkango’s corporate strategy is to develop new sustainable primary and secondary sources of neodymium and praseodymium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. Mkango is developing the 51% owned Songwe Hill rare earths project in Malawi with the ongoing Feasibility Study funded through a £12 million investment by strategic partner Talaxis Limited. Malawi is known as “The Warm Heart of Africa”, a stable jurisdiction with existing road, rail and power infrastructure, and new infrastructure developments underway. Following completion of the Feasibility Study, Talaxis has an option to acquire a further 26% interest in Songwe by arranging financing for project development including funding the equity component thereof. In parallel, through its 75.5% interest in Maginito Limited (www.maginito.com), Mkango is developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet and separation technologies, and recently invested in UK rare earth (NdFeB) magnet recycler, HyProMag Limited (www.hypromag.com). Maginito’s strategy is underpinned by offtake rights for sustainably sourced primary and secondary raw materials from Songwe and HyProMag, respectively, and is geared to accelerating growth in the electric vehicle sector, wind power generation and other industries driven by decarbonization of the economy. Mkango also has an extensive exploration portfolio in Malawi, including the recently announced Mchinji rutile discovery, for which assay results are pending, in addition to the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project. For more information, please visit www.mkango.ca. Market Abuse Regulation (MAR) Disclosure Certain information contained in this announcement may have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango, its business and the Project. Generally, forward looking statements can be identified by the use of words such as “plans”, “expects” or “is expected”, “scheduled”, “estimates” “intends”, “anticipates”, “believes”, or variations of such words and phrases, or statements that certain actions, events or results “can”, “may”, “could”, “would”, “should”, “might” or “will”, occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, governmental action relating to COVID-19, COVID-19 and other market effects on global demand for the metals and associated downstream products for which Mkango is exploring, researching and developing, results from the current pilot plant studies, the results of the current exploration programme at Mchinji, the development of a separation plant, the positive results of a feasibility study on the Project and delays in obtaining financing or governmental or stock exchange approvals. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. For further information on Mkango, please contact: Mkango Resources LimitedWilliam DawesChief Executive Officerwill@mkango.caCanada: +1 403 444 5979www.mkango.ca@MkangoResources Alexander LemonPresidentalex@mkango.ca BlytheweighFinancial Public RelationsTim BlytheUK: +44 207 138 3204 SP Angel Corporate Finance LLPNominated Adviser and Joint BrokerJeff Keating, Caroline RoweUK: +44 20 3470 0470 Alternative Resource CapitalJoint BrokerAlex WoodUK: +44 20 7186 9004 Bacchus Capital AdvisersStrategic and Financial AdviserRichard AllanUK: +44 20 3848 1642 The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

2021-02-24 - Yahoo! Finance: MXR.V News

Max Resource Recognized as a Top 10 Ranked Company in the Mining Sector by the TSX Venture 50(TM) for 2021

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) (Max or the Company) is pleased to report it has ranked in the top 10 performing mining stocks in the 2021 TSX Venture 50™, which is comprised of the top 50 from over 1,600 companies on the TSX Venture Exchange.The selected Venture 50™ companies have seen tremendous growth over 2020, offered excellent returns to their ...

2021-02-24 - Yahoo! Finance: PTU.V News

Statement - Roadmap for a Renewed U.S.-Canada Partnership

23, 2021 /CNW/ - It is in the shared interest of the United States and Canada to revitalize and expand our historic alliance and steadfast friendship to overcome the daunting challenges of today and realize the full potential of the relationship into the future.-Canada Partnership announced today establishes a blueprint for an ambitious and whole-of- government effort against the COVID-19 pandemic and in support of our mutual prosperity.

2021-02-24 - Yahoo! Finance: LKY.V News

Lucky Minerals Announces Partner will not be Proceeding to Second Phase Target Testing on Fortuna 3, 4, 5 and 6 Concessions

VANCOUVER, BC / ACCESSWIRE / February 23, 2021 / Lucky Minerals Inc.(TSXV:LKY)(OTC Pink:LKMNF)(FRA:LKY) (Lucky or the Company) announces that First Quantum Minerals Ltd.

2021-02-24 - Yahoo! Finance: STU.V News

Stuhini Exploration Appoints Natrinova Capital Inc. for Investor Relations Services

23, 2021 /CNW/ - STUHINI EXPLORATION LTD. (TSXV: STU) (Stuhini or, the Company) is pleased to announce that it has entered into an Investor Relations contract (the Contract) with Natrinova Capital Inc.

2021-02-24 - Yahoo! Finance: CBA.V News

Champion Bear Grants Share Options

Calgary, Alberta--(Newsfile Corp. - February 23, 2021) - Champion Bear Resources Ltd. (TSXV: CBA) (Champion Bear or the Company) has granted options to acquire an aggregate of 300,000 common shares of Champion Bear to directors of the Company (at an exercise price of $0.20 per share until February 23, 2026).The options vest as to one-third thereof on each of the six, 12 and 18 month anniversaries of the date of the grant.For further information, ...

2021-02-24 - Yahoo! Finance: BTO.TO News

B2Gold Reports Strong Fourth Quarter and Full-Year 2020 Results; Annual Records for 2020 Gold Production, Gold Revenues and Operating Cash Flows; Declares 2021 First Quarter Dividend of $0.04 per Share

B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (B2Gold or the Company) is pleased to announce its operational and financial results for the fourth quarter and full-year ending December 31, 2020. The Company previously released its gold production and gold revenue results for the fourth quarter and full-year 2020, in addition to its production and budget guidance for 2021. In 2021, the Company is forecasting total gold production of between 970,000 and 1,030,000 ounces. All dollar figures are in United States dollars unless otherwise indicated.

2021-02-23 - Latest updates

Aurion Completes Brokered Offering and Non-Brokered Participation by Kinross for Aggregate Proceeds of C$11.4 Million

2021-02-23 - Yahoo! Finance: III.TO News

Imperial Reports Final Drill Hole Assays from Mount Polley 2020 Exploration

VANCOUVER, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports diamond drill results from the final hole of the Mount Polley 2020 exploration program. Drill results from the first five holes were released February 8, 2021. A total of six drill holes, totalling 3,792 metres in length, were completed in the 2020 fourth quarter. Drill hole SD-20-162 was drilled in the Springer zone. The Springer zone contains most of the reserves in the current open pit mine plan. Historic drilling beneath the currently planned Springer pit confirmed the mineralization continues for at least 250 metres below the pit bottom. This hole was designed to fill a gap in drilling on the eastern side of the target area beneath the pit. The hole was collared on the saddle between the Springer and Cariboo pits, and drilled at an azimuth of 270° and a dip of -70° down to a total depth of 803.8 metres. Studies are underway to evaluate the potential for a bulk underground mining beneath the planned pit. The hole was successful with a number of mineralized intervals intersected, including 0.30% copper and 0.30 g/t gold over 120 metres from 225 to 345 metres, and 0.42% copper and 0.52 g/t gold over 200 metres from 372.5 to 572.5 metres. The lower intercept included a higher grade zone grading 0.57% copper and 0.64 g/t gold over 90 metres from 392.5 to 482.5 metres. Significant intercepts: Hole IDFrom (m)To (m)Width (m)Copper (%)Gold (g/t)SD-20-16265.975.09.10.530.59and152.5163.210.70.421.01and225.0345.0120.00.300.30and372.5572.5200.00.420.52including392.5482.590.00.570.64and630.0787.5157.00.270.30 Jim Miller-Tait, P.Geo., Imperial’s VP Exploration, has reviewed this news release as the designated Qualified Person as defined by National Instrument 43-101 for the Mount Polley exploration program. Samples reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals. About Imperial Imperial is a Vancouver based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia. These properties have defined areas of mineralization and clear exploration potential. Management continues to evaluate various opportunities to advance many of these properties. Company Contacts Brian Kynoch | President | 604.669.8959Jim Miller-Tait | VP Exploration | jim.miller-tait@imperialmetals.comSabine Goetz | Shareholder Communications | 604.488.2657 | investor@imperialmetals.com Cautionary Note Regarding Forward-Looking Statements Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations with respect to current and planned exploration drilling programs at Mount Polley to expand known mineralization, provide more data in areas where the use of underground mining methods are being considered. In certain cases, forward-looking statements can be identified by the use of words such as plans, expects or does not expect, is expected, outlook, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements.

2021-02-23 - Yahoo! Finance: EDV.TO News

Endeavour Reports Positive PFS Results For Both Fetekro and Kalana, Confirming Strong Organic Growth Pipeline

Fetekro 2021 PFS Production Profile.jpg Schematic Fetekro Site Layout.jpg Fetekro Plan Map with Exploration Targets.jpg Kalana Site Layout.jpg Kalana Plan Map with Exploration Targets.jpg Kalana 2021 PFS Production Profile.jpg ENDEAVOUR REPORTS POSITIVE PFS RESULTS FOR BOTH FETEKRO AND KALANA, CONFIRMING STRONG ORGANIC GROWTH PIPELINE HIGHLIGHTS: Positive PFS results for both Fetekro and Kalana Projects confirm Endeavour’s high quality organic growth pipeline Fetekro PFS shows potential for +200kozpa production at low AISC over long mine life: 10-year mine life based on current reserves of 2.1Moz Average annual production of 209koz at AISC of $838/oz Robust economics with after-tax NPV5% of $479m and IRR of 33%, based on a $1,500/oz gold price Kalana PFS shows potential for 150kozpa production at low AISC over long mine life: 11-year mine life based on current reserves of 1.8Moz Average annual production of 150koz at AISC of $901/ozRobust economics with after-tax NPV5% of $331m with IRR of 49% based on a $1,500/oz gold price DFS on each project will now commence, with further opportunities to optimize and expand the projects through exploration and engineering George Town, February 23, 2021 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) is pleased to announce that it has recently completed a positive Pre-Feasibility Study (“PFS”) for both its Fetekro and Kalana projects as part of its focus on organic growth opportunities. The robust PFS results confirm that both projects justify moving forward to the Definitive Feasibility Study (“DFS”) stage, which will now commence. Sebastien de Montessus, President and CEO said: “The positive studies announced today confirm the compelling nature of our two most advanced projects and reinforce our focus on organic growth. Together with a number of earlier stage projects, Endeavour now has an attractive pipeline of opportunities, each of which will compete for capital with the goal of generating strong returns across operations, projects and exploration. At Fetekro, our exploration efforts have resulted in the discovery of a project with the potential to become a cornerstone mine with annual production of +200,000 ounces at low all in sustaining costs over at least 10 years while boasting robust economics. Our $20 million investment in exploration at Fetekro over the past three years has generated significant returns as we now have a project with an NPV5% of approximately $480 million at a gold price of $1,500/oz. At Kalana, we have outlined a project with annual production of 150,000 ounces over at least 10 years with very attractive economics. Having purchased Kalana for approximately $120 million in 2017, the project now has an NPV5% of approximately $330 million at a gold price of $1,500/oz, despite the overhaul of the geological model which incorporates more conservative assumptions. From a broader ESG standpoint, in accordance with our aim to reduce our carbon footprint, both projects have low forecast emissions intensity, in line with our current operations, as well as the opportunity to benefit from renewable energy, either in the form of a solar plant at Fetekro, or from the Malian grid for Kalana which has a significant portion powered by renewables. We will now progress the Definitive Feasibility Studies for both projects, which we expect to announce in late 2021 for Fetekro and in early 2022 for Kalana.” Table 1: Project Highlights FETEKRO KALANA ENDEAVOUR STRATEGIC TARGETS Reserves, Moz 2.1 1.8 >2.0 Mine life, years 9.5 11.0 >10 Average annual production, kozpa First 5 years 220 186 >200 Life of mine 209 150 AISC, $/oz First 5 years 916 679 <900 Life of mine 838 901 NPV5%, $m1 479 331 n.a. IRR, %1 33 49 >20 1Post-tax, based on a gold price of $1,500/oz The PFS summary metrics and project economics for the Fetekro and Kalana projects are shown in Tables 2 and 3 below. Table 2: PFS Summary FETEKRO KALANA OPERATION TYPE Mine Type Open Pit Open Pit Mill Type 3.0Mtpa Gravity / CIP Plant 3.0Mtpa Gravity / CIL Plant RESERVES & RESOURCES P&P Reserves 31.9Mt at 2.0 Au g/t for 2.1Moz 35.6Mt at 1.6 Au g/t for 1.8Moz M&I Resources (inclusive of reserves) 32.0Mt at 2.4 Au g/t for 2.5Moz 46.0Mt at 1.6 Au g/t for 2.3Moz Inferred Resources 0.8Mt at 2.5 Au g/t for 0.1Moz 4.6Mt at 1.7 Au g/t for 0.3Moz LIFE OF MINE PRODUCTION Mine life, years 9.5 11.0 Strip ratio, W:O 10.3 6.7 Tonnes processed, Mt 32 36 Grade processed, Au g/t 2.0 1.6 Gold contained processed, Moz 2.1 1.8 Average recovery rate, % 95 90 Gold production, Moz 2.0 1.7 Average annual production, kozpa 209 150 Cash costs, $/oz 684 785 AISC, $/oz1 838 901 AVERAGE FOR YEARS 1 TO 5 Production, kozpa 220 186 Cash costs, $/oz 751 589 AISC, $/oz1 916 679 CAPITAL COST Upfront capital cost, $m 338 297 ENVIRONMENTAL DATA GHG Emissions Intensity2, t CO2e/oz 0.36 0.30 Energy Intensity, GJ/oz 6.99 7.65 1Based ona gold price of $1,500/oz. 2 GHG Emissions Intensity calculated as Scope 1 and 2 emissions. Table 3: Project Economics FEKETRO KALANA Gold Price $1,350/oz $1,500/oz $1,650/oz $1,800/oz $1,350/oz $1,500/oz $1,650/oz $1,800/oz PRE-TAX NPV5%, $m 439 663 862 1083 310 498 687 875 IRR, % 28 38 46 55 44 59 74 88 Payback years1 3.3 2.6 2.2 1.9 1.4 1.1 0.9 0.8 AFTER-TAX NPV5%, $m 308 479 630 799 204 331 458 584 IRR, % 24 33 40 49 36 49 62 74 Payback years1 3.4 2.7 2.3 2.0 1.5 1.1 0.9 0.8 1 Payback period calculated starting from start of commercial production FETEKRO PROJECT PRE-FEASIBILITY STUDY Endeavour expects to file a Technical Report pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“the NI 43-101”) in respect of the Fetekro PFS within a 45-day period. Overview Endeavour began exploration on the Fetekro greenfield project in March 2017, following a strategic assessment of its exploration tenements which identified the project as a top priority target. A maiden Mineral Resource was published on October 29, 2018 and was subsequently updated on September 3, 2019 and August 18, 2020. A positive Preliminary Economic Assessment (“PEA”), based on the 2019 Indicated Resource, was published on August 18, 2020. As a result of the positive PEA results, a PFS was expedited to evaluate the economic potential of the updated 2020 Indicated Resource. Lycopodium Minerals Pty Ltd (“Lycopodium”) was responsible for the compilation of the report and delivery of the PFS to Endeavour. For the mining section, Lycopodium was assisted by Snowden Group (“Snowden”) and for the infrastructure, tailing storage facility (“TSF”) and water management sections assisted by Knight Piesold. As shown in Figure 1 below, the PFS demonstrates Fetekro’s ability to deliver 220kozpa over the first five years and 209kozpa over its 9.5-year mine life, with further significant exploration opportunities. Figure 1: Fetekro 2021 PFS Production Profile The following key changes have been incorporated in the 2021 PFS, compared to the 2020 PEA: The study is based on an Indicated Resource of 2.5Moz compared to previous 1.2Moz Indicated Resource Nominal mill capacity increased by 100% from 1.5 to 3.0Mtpa, while upfront capital increased by only 26%PFS includes the addition of a solar hybrid power option to provide sustainable power Average annual production increased by 76% from 119 to 209kozpa and the mine life was extended from 8 to 9.5 years, resulting in an AISC increase of 20% from $697/oz to $838/oz mainly due to the higher strip ratio and the lower average grade Table 4: Fetekro 2020 PEA vs 2021 PFS PFS PEA VARIANCE PLANT TYPE, SIZE & CAPEX Plant type Gravity / CIP Gravity / CIL Mill Type 3.0 1.5 +100% Upfront capital cost, $m 338 268 +26% LIFE OF MINE PRODUCTION Mine life, years 9.5 8.0 +31% Strip ratio, W:O 10.3 7.4 +41% Tonnes processed, Mt 31.9 13.1 +143% Grade processed, Au g/t 2.05 2.38 -14% Gold contained processed, Moz 2.1 1.0 +110% Average recovery rate, % 95 95 0% Gold production, Moz 2.0 1.0 +109% Average annual production, kozpa 209 119 +76% Cash costs, $/oz 684 592 +27% AISC, $/oz2 838 697 +20% ECONOMICS (BASED ON $1,500/oz) Pre-Tax Returns NPV5%, $m 663 372 +78% IRR, % 38 37 +2% Payback, years1 2.6 1.7 +49% After-Tax Returns NPV5%, $m 479 272 +76% IRR, % 33 32 +2% Payback, years1 2.7 1.8 +48% 1 Payback period calculated starting from start of commercial production Notes: For details regarding the 2020 PEA Study, please refer to the press release dated August 18, 2020, available on Endeavour’s website. Reserves and Resources As shown in Table 5 below, a total of 2.1Moz were converted into a maiden Probable Reserve out of an Indicated Resource base of 2.5Moz, representing a conversion ratio of 85%. The PFS is based on the updated 2020 Mineral Resource Estimate (“MRE”), as published on August 18, 2020, which outlined a 108% increase over the resource base used for the PEA. The Fetekro Reserves and Resources, which comprises only the Lafigué deposit, are shown in the table below. The Inferred material within the pit design was treated as waste. Table 5: Lafigué Mineral Reserves and Resource 2021 PFS 2020 PEA VARIANCE On a 100% basis. M&I Resources shown inclusive of Reserves. Tonnage Grade Content Tonnage Grade Content Au Content (Mt) (Au g/t) (Au koz) (Mt) (Au g/t) (Au koz) (Au koz) Proven Reserves - - - - - - - Probable Reserves 31.9 2.00 2,100 - - - +2,100 P&P Reserves 31.9 2.00 2,100 - - - +2,100 Measured Resource (incl. reserves) - - - - - - - Indicated Resources (incl. reserves) 32.0 2.40 2,471 14.6 2.54 1,190 +1,281 M&I Resources (incl. reserves) 32.0 2.40 2,471 14.6 2.54 1,190 +1,281 Inferred Resources 0.8 2.52 66 0.9 2.17 60 +6 Mineral Reserve Estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definitions Standards for Mineral Resources and Reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Reported tonnage and grade figures have been rounded from raw estimates to reflect the relative accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Resources were constrained by MII Pit Shell and based on a cut-off of 0.5 g/t Au and $1,500/oz gold price. The Qualified Person for the Mineral Resources and Reserves is Kevin Harris CPG, VP Resources. Mining Operations The Lafigué deposit is near surface and amenable to conventional open-pit mining. The mine planning, resource and cost estimation for the PFS is based on a contract mining operation with a maximum mining movement of 50 million tonnes per (“Mt”) per year with the variation largely due to different productivities by weathering type. The Lafigué pit will be developed in eight stages. Stockpiles are expected to be accumulated to allow high-grade material to be preferentially processed. Processing Operations Ore will be processed via a 3.0 to 3.3 Mtpa processing plant. Ore feed will be above the nominal capacity for the first two years of processing due to the presence of more highly weathered ore. Over the life of mine, the plant will be fed with approximately 92% fresh ore and 8% oxide/transitional ore. Primary jaw crushing will produce a coarse crushed product, which will feed a secondary conventional cone crusher and high-pressure grinding roll. Ore will be milled to 80% passing 75µm (microns), at which point a gravity circuit will remove coarse free-milling gold. Gravity concentrate will be treated by intensive cyanidation and electrowinning to produce gold doré. The remaining ore that is not recovered by gravity will be leached in five leach tanks. The leached gold solution will be processed in seven carbon-in-pulp tanks before gold is recovered from loaded carbon in a AARL elution circuit, electrowinning and gold smelting to produce doré. Extensive metallurgical testwork has indicated that gold is free milling with very high gravity and leach extraction potential, with 95% gold recovery expected over the life of mine. Operating Cost Summary Mining operating cost estimates, prepared by Snowden, are based on a small owner’s team managing mining activities using a contract-mining model. Process operating cost estimates were prepared by Lycopodium and General and Administration (“G&A”) cost estimates were prepared by Lycopodium with input from Endeavour, as summarized in the table below. Table 6: Fetekro Life of Mine Operating Unit Costs UNIT COSTS Open Pit Mining & Rehandling $2.83/t mined Processing $9.23/t processed G&A $5.24/t processed Operating costs have been based on a delivered diesel price of $0.90 per litre and are in line with current local pricing. Power will be sourced from a combination of the grid supplying 225kv to site and a 7MW solar power plant, with power costs estimated at $0.09/kWh. The addition of the hybrid power plant decreased the estimated LOM unit power cost from $0.12/kwh to $0.09/kwh. Capital Cost and Infrastructure Summary The project capital cost estimate was compiled by Lycopodium with input from Knight Piésold on the TSF, water infrastructure, site access roads and airstrip. Endeavour has provided project specific portions for mine establishment and facilities, owners costs and the high voltage power supply. A 22-month construction period is projected with the initial capital cost summarized in the table below. Table 7: Fetekro Capital Cost Estimate Summary (+20/-10%) CAPITAL COSTS ($M) Treatment Plant 74.4 Reagents and Services 14.4 Infrastructure 70.4 Mining 50.3 Construction Distributables 23.5 Subtotal 233.0 Management Costs 24.5 Owners Project Costs 34.2 Working Capital 4.8 Sub-Total 296.5 Contingency 37.7 DFS 3.8 Total 338.0 The Fetekro Project benefits from minimal resettlement requirements and good infrastructure, including access to the power grid with a 225kv supply within 28km of the project, which will be supplemented by an on-site 7MW solar power plant with an associated capital cost of approximately $7 million. A diesel backup power supply, with an associated capital cost of approximately $24 million plus contingency, may be contemplated within the DFS trade-offs. Downstream raise construction methods will be utilized for all TSF embankment raises of the perimeter embankments. The TSF will comprise a cross-valley storage facility formed by multi-zoned earth fill embankments, comprising a total footprint area (including the basin area) of approximately 114 ha for the Stage 1 TSF increasing to 200 ha for the final TSF. The TSF is designed to accommodate a total of 32.8 Mt of tailings. The Stage 1 TSF is designed for 18 months storage capacity. Subsequently, the TSF will be constructed in annual raises to suit storage requirements; however, this may be adjusted to biennial raises to suit mine scheduling during the operation. As shown in Figure 2 below, the process plant and TSF will be located on the northwestern side of the open pit. Access to the project is by the regional highway B412 and then a sealed road to Yammoussoukro and Bouaké. A 15km stretch of unsealed access road will be upgraded as part of the project and an airstrip will be built 3.5km north of the accommodation village. Figure 2: Schematic Fetekro Site Layout The recommendations from the Environmental Social Impact Assessment (“ESIA”) will be used to compile an Environmental and Social Management Plan (“ESMP”) which will guide Endeavour’s local community engagement as well as ensure it fulfils its environment obligations, minimizing the mine’s impacts where possible. The ESMP will be used to ensure compliance with environmental specifications, monitoring and management measures and will be implemented from site preparation through to decommissioning and closure. Monitoring plans will be based on the ESMP. A total of $35 million has been provisioned into the economic model for the demolition and closure activities after mining and processing activities have ceased. Ownership, Permitting, Taxes and Royalties Endeavour increased its stake in the Fetekro Project in Q4-2020. Under the terms of the agreement, once the mining permit is granted, Endeavour will be entitled to an 80% stake in the Fetekro Project, compared to 65% previously, while SODEMI (the Ivorian state-owned mining company) and the Government of Côte d’Ivoire will each have a 10% stake. Endeavour will retain full ownership of the Fetekro exploration license until it is converted into a mining license. The environmental permit was received on February 18, 2021 and the exploitation license application was submitted on February 2, 2021. Endeavour acquired the additional stake from SODEMI for a consideration of $19 million plus contingent payments of $3 per ounce for future Proven and Probable Reserves defined outside of the existing Measured and Indicated Resource boundary. The contingent payment is based on a gold price of $1,450 per ounce and will be adjusted upwards or downwards in a linear relationship with the gold price. A corporate tax rate of 25% of gross profit has been applied in the PFS. A royalty of 4.0% and stamp duty of 0.5% was applied to all sales. A transport and refining charge of $4/oz Au was also applied. Exploration Upside The Lafigué resource estimate encompasses a mineralized area extending over 2km long by 1km down dip with the deposit remaining open at depth and along strike. To date, only a small portion of the Fetekro Project has been explored, as the priority has been the Lafigué deposit. Several additional exploration targets have been identified within 10km of Lafigué, which have received limited drilling. A 15,000m drilling campaign was completed in Q4-2020, as shown in Figure 3 below. In addition, further exploration is planned for 2021 with a budget of $7 million, with the aim of further extending the Fetekro resource and testing nearby targets, including Lafigué Sud, as shown in Figure 3. Figure 3: Fetekro Plan Map with Exploration Targets Next Steps The Definitive Feasibility Study is expected to commence immediately and is due to be completed in Q4-2021Further exploration is planned during 2021 on near-mine exploration targets and on the Lafigué deposit with an allocated budget of $7 million KALANA PROJECT PRE-FEASIBILITY STUDY Endeavour expects to file a Technical Report pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“the NI 43-101”) in respect of the Kalana PFS within a 45-day period. Overview In mid-2017, Endeavour acquired Avnel Gold Mining Limited (TSX:AVK) (“Avnel”), who held an 80% interest in the Kalana Project (“Kalana”) in southwestern Mali for a total consideration of approximately $122 million1. At the time, Kalana was the only project within Endeavour’s development pipeline following the Ity CIL project (constructed between late-2017 and early-2019). Following the purchase of Kalana, Endeavour focused its efforts on increasing its confidence in the Kalana deposit Mineral Resource, through further drilling and by rebuilding the geological model using a more conservative approach to account for the nuggety gold mineralization. This process resulted in an updated and independently estimated Mineral Resource for Kalana, as prepared by Optiro, and described in the “Reserves and Resources” section below. Following the completion of the updated resource, Lycopodium Minerals Pty Ltd (Lycopodium) independently prepared a Pre-Feasibility Study (the “2021 Study”), with the inputs from Snowden and Knight Piesold, to assess the economic viability of the Kalana Project. As shown in Figure 4 below, the 2021 Study demonstrates Kalana’s ability to deliver 186kozpa over the first five years and 150kozpa over its 11-year mine life, with significant near mine exploration opportunities. The project boasts strong economics a post-tax NPV5% of $331 million and a post-tax IRR of 49% at a $1,500/oz gold price. Figure 4: Kalana 2021 PFS Production Profile The following key changes have been incorporated in the 2021 Study, compared to the Definitive Feasibility Study (“DFS”) published by Avnel on March 30, 2016 (the “2016 Study”), with the goal of increasing annual production and augmenting the confidence level of the study estimates: Nominal mill capacity increased by 150% from 1.2 to 3.0Mtpa, with upfront capital increased by 51%. The 2016 Study included pre-production revenue from the tailings processed during construction, which were removed within the 2021 Study. Inclusion of the Kalanako satellite deposit and the abovementioned more conservative resource model for the Kalana deposit, which led to the average processed grade decreasing by 43%, tonnage processed increasing by 63%, and the strip ratio decreasing by 34%Average annual production increased by 49% from 101 to 150kozpa, while shortening the mine life from 18 to 11 years AISC increased by 15% to $901/oz reflecting updated unit costs and the lower grades Table 8: Kalana 2016 vs. 2021 Study Comparison 2021 STUDY 2016 STUDY VARIANCE PLANT SIZE & CAPEX Nominal mill capacity, Mtpa 3.0 1.2 +150% Upfront capital cost, $m 297 196 +51% LIFE OF MINE STATS Mine life, years 11 18 -39% Strip ratio, W:O 6.7 10.2 -34% Tonnes processed, Mt 35.6 21.8 +63% Grade processed, Au g/t 1.60 2.81 -43% Gold contained processed, Moz 1.8 2.0 -9% Average recovery rate, % 90 93 -3% Total gold production, Moz 1.7 1.8 -8% Average annual production, kozpa 150 101 +49% AISC, $/oz 901 784 +15% Notes: Details related to the Avnel 2016 Study, published on March 30, 2016, are available on SEDAR under Avnel’s profile. Comparative period economics are unavailable as a gold price of US$1,200/oz was used in the 2016 Study while $1,500/oz was used in the 2021 Study. Reserves and Resources As shown in Table 9, a total of 1.8Moz were converted into Probable Reserves from an Indicated Resource of 2.3Moz by the 2021 Study for the Kalana Project, representing a conversion ratio of 79%. The 2021 Study is based on recently updated Mineral Resource Estimates (“MRE”), rather than the previous estimate as prepared on behalf of Avnel in 2016. The updated MRE includes the Kalana and Kalanako deposits and two TSFs stemming from the historical underground mine which utilized gravity-only recovery methods. The deposit’s geological models were updated using a more conservative approach to incorporate tighter geological controls for the high-grade nugget effect, stacked vein sets and dilution after additional drilling in 2017-18, as further described in the section below entitled Kalana Technical Notes. Table 9: Kalana Project Mineral Resource and Reserve Evolution 2021 PFS BY ENDEAVOUR1 2016 FS BY AVNEL2 VARIANCE On a 100% basis. M&I Resources shown inclusive of Reserves. Tonnage Grade Content Tonnage Grade Content Content (Mt) (Au g/t) (Au koz) (Mt) (Au g/t) (Au koz) (Au koz) Proven Reserves 0 0 0 5.1 3 492 -492 Probable Reserves 35.6 1.6 1,831 16.1 2.76 1,472 +359 P&P Reserves 35.6 1.6 1,831 21.7 2.81 1,964 -133 Measured Resource (incl. reserves) 0 0 0 9.5 4.2 1,283 -1283 Indicated Resources (incl. reserves) 46 1.57 2,318 14.2 3.98 1,821 +497 M&I Resources (incl. reserves) 46.0 1.57 2,318 23.7 4.07 3,103 -785 Inferred Resources 4.6 1.67 245 2.1 4.7 314 -69 Mineral Reserve and Resource estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definitions standards for Mineral Resources and Reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Reported tonnage and grade figures have been rounded from raw estimates to reflect the relative accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 1The 2020 Updated Kalana Project Mineral Resource has an effective date of June 30, 2020 and is constrained by a $1,500/oz conceptual open-pit shell. For notes relating to the 2020 Resource Estimate, please consult the section below entitled Kalana Technical Notes. 2As per Avnel Mineral Resources as of March 30, 2016, based on $1,400/oz Au; for the notes relating to the 2016 estimate, please consult the Kalana Technical Report dated March 30, 2016 available on the Endeavour website. The Kalana Project comprises two primary deposits, Kalana and Kalanako, and two TSFs, with resources outlined in the table below. Table 10: Updated Kalana Project Mineral Resource Estimate INDICATED INFERRED Deposits on a 100% basis, Tonnage Grade Content Tonnage Grade Content shown inclusive of reserves (Mt) (Au g/t) (Au koz) (Mt) (Au g/t) (Au koz) Kalana 43.5 1.54 2,158 4.2 1.64 222 Kalanako 1.6 2.15 112 0.4 1.99 23 Old Tailings 0.8 1.80 48 0.0 0.00 0 Total 46.0 1.57 2,318 4.6 1.67 245 Mineral Resource estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) definition standards for Mineral Resources and Reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Kalana and Kalanako Mineral Resources are constrained by MII $1,500/oz Pit Shell and based on a cut-off of 0.5 Au g/t. The TSF Mineral Resource does not have a cut-off grade applied. Reported tonnage and grade figures have been rounded from raw estimates to reflect the relative accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. The Qualified Person for the exploration data and geological interpretation is Helen Oliver MSc FGS CGeol, Endeavour Mining Group Resource Geologist. The Qualified Person for the Tailings Mineral Resource Estimate is Ms. Oliver. The Qualified Person for the Kalana and Kalanako Mineral Resource Estimate is Paul Blackney BSc Hons MAusIMM MAIG, Optiro Pty. Ltd. The cut-off date for the Kalana drill hole database is 1 July 2018 and 7 February 2018 for the Kalanako drill hole database. The effective date of the MRE is 30 June 2020. The Probable Mineral Reserves for the Kalana Project, inclusive of dilution and mining loss, derived from an Indicated Resource is summarized in the table below. Table 11: Updated Kalana Probable Mineral Reserves Tonnage Grade Content Deposits on a 100% basis (Mt) (Au g/t) (Au koz) Kalana 33.6 1.58 1,707 Kalanako 1.2 2.21 85 Old Tailings 0.82 1.67 44 Total 35.6 1.60 1,836 No Proven reserves have been estimated. Mineral Reserve estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definitions standards for Mineral Resources have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Reported tonnage and grade figures have been rounded from raw estimates to reflect the relative accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mining Operations The mine planning, resource and cost estimation for the 2021 Study is based on a contract-mining operation with a maximum mining movement of 30Mt per year with the variation largely due to different productivities by weathering type. A high proportion of the orebodies are within the saprolite weathering horizon resulting in approximately 30 to 40% of the material moved requiring no or limited blasting. Nearly 97% of the ore tonnes are from Kalana, the remainder is from Kalanako which is higher grade at a higher strip ratio. The Kalana pit will be developed in six stages while Kalanako will be mined in two stages forming two separate pits. Endeavour elected to use a more conservative approach incorporating fully diluted blocks susceptible for large volume open pit mining rather than small scale selective mining as envisaged in the previous 2017 study. Stockpiles are expected to be accumulated to allow high grade material to be preferentially processed. Processing Operations The plant design has been based on a nominal capacity of 3.0Mtpa of primary mineralized material, if fed with fresh rock, and a capacity of 3.8Mtpa if fed with oxide material. Over the life of mine, the plant will be fed with approximately 27% oxide, 9% transition, 62% fresh and 2% tailings material, with the majority of the oxide and tailings processed in the first four years of operation. The 2021 Study envisages a conventional single stage primary crusher, followed by a SABC circuit (SAG and ball mill, with pebble crusher) grinding to 80% passing 90 μm. The grind material will be passed through a gravity concentration circuit to remove coarse gold, which will be subsequently treated by intensive cyanidation and electrowinning to recover gold doré. The remaining feed will be treated by pre-leach thickening and carbon in leach. Loaded carbon will be passed to a split AARL elution circuit, electrowinning and then gold smelting to recover gold from the loaded carbon to produce doré. Metallurgical testwork demonstrates the Kalana ore has high potential for gravity recoverable gold, particularly the oxide ore, and an average total gold recovery of 90% is projected for the life of mine. Operating Cost Summary Mining operating cost estimates, prepared by Snowden, are based on a small owner’s team managing mining activities using a contract-mining model. Process operating cost estimates were prepared by Lycopodium and G&A cost estimates were prepared by Lycopodium with input from Endeavour, as summarized in the table below. Table 12: Kalana Life of Mine Operating Unit Costs Open Pit Mining & Rehandling $2.71/t mined Processing $13.28/t processed G&A $3.97/t processed Operating costs have been based on a delivered diesel price of $0.77 per litre and are in line with current local pricing. Power will be derived from the Malian grid with power costs estimated at $0.14/kWh. Capital Cost and Infrastructure Summary The project capital cost estimate was compiled by Lycopodium with input from Knight Piésold on the TSF, water infrastructure, site access roads and airstrip. Endeavour have provided the project specific portions of mine establishment and facilities, owners costs and the power supply. A 22-month construction period is expected with the initial capital cost summarized in the Table below. Table 13: Capital Cost Estimate Summary (+20/-10%) CAPITAL COSTS ($M) Treatment Plant 68.3 Reagents and Services 16.1 Infrastructure 43.1 Mining 16.9 Construction Distributables 18.6 Sub-Total 163.0 Management Costs 21.7 Owners Project Costs 67.5 Working Capital 5.7 Sub-Total 257.9 Contingency 35.8 DFS 3.3 Total 297.0 The Kalana Project will be powered by Malian grid power, which will require the construction of a 51km 66 kV power line from Yanfolila and a new sub-station at the project. Additional emergency power will be supplied by onsite 2,000kVA diesel generators. Downstream raise construction methods will be utilized for all TSF embankment raises of the perimeter embankments. The TSF will comprise a two-cell paddock storage facility formed by multi-zoned earth fill embankments, comprising a total footprint area (including the basin area) of approximately 77 ha for the Stage 1 TSF, increasing to 239 ha for the final TSF. The TSF is designed to accommodate a total of 35.6Mt of tailings. The stage one TSF is designed for 18 months storage capacity. Subsequently, the TSF will be constructed in annual raises to suit storage requirements, however this may be adjusted to biennial raises to suit mine scheduling during the operation. As shown in Figure below, the process plant will be located on the north eastern side of the open pit, and the TSF will be located on the south western side of the open pit. The accommodation camp will be located north of the process plant. The airstrip will be located 4km north of the process plant. The 4.9km main access road will approach the site from the south east and connect to the RN8, part of the regional road network between Yanfolila and Bougouni. Figure 5: Kalana Site Layout The project requires the partial resettlement of Kalana town due to the placement of project infrastructure and the need to ensure a safe buffer zone between mining activities and the community. The development will also result in the compensation of various farmers due to the establishment of mining infrastructure and associated activities. Resettlement and compensation will be undertaken under the terms of the relevant Malian legislation and industry best practice. A Resettlement Action Plan will be completed in three phases for a total cost of $62 million, of which $36 million (plus a 12% contingency) is included into the upfront capital spend for the first resettlement phase. The recommendations from the Environmental Social Impact Assessment (“ESIA”) will be used to compile an Environmental and Social Management Plan (“ESMP”) which will guide Endeavour’s local community engagement as well as ensure it fulfils its environment obligations, minimizing the mine’s impacts where possible. The ESMP will be used to ensure compliance with environmental specifications, monitoring and management measures and will be implemented from site preparation through to decommissioning and closure. Monitoring plans will be based on the ESMP. A total of $30 million has been provisioned into the economic model for the demolition and closure activities occur after mining and processing activities have ceased. Ownership, Permitting, Taxes and Royalties Endeavour has an 80% interest in SOMIKA, the holder of the Permit. The Government of Mali holds the remaining 20% beneficial interest in SOMIKA. The Project comprises one Exploitation Permit (Permis d’Exploitation), registered to SOMIKA that grants the exclusive right of exploitation and exploration. The Permit confers the right to exploit and explore for gold and silver for a period of 30 years. According to Article 43 of the 1999 Mining Code, an exploitation permit is granted by decree for a 30-year period, renewable for a further 10-year period until depletion of the reserves contained within the boundaries of the permit. Following the three-year period from the commencement of commercial production, an 18% value added tax will be applicable on goods and services, which is fully reimbursable, and customs duty will be applicable on imported goods. As SOMIKA elected to stay under the old CIT regime in force before Loi de Finance 2012, the tax structure in Mali applicable to its operations consists of a general corporate income tax rate of 35% of profits after deductions for expenses and allowable depreciation. SOMIKA is also subject to a minimum tax rate of 1.0% of net revenue, even in years with a deficit. SOMIKA is subject to a royalty which is a special tax on mining products (Impôt Spécial sur Certains Produits or ISCP) at a rate of 3% and is calculated on the basis of turnover before tax. Pursuant to the stability clauses in the Company’s Foundation Agreement, the 3% Ad Valorem Net Smelter Return Tax, introduced as part of the 2012 Mining Code, is not applicable to SOMIKA. Exploration Upside The Kalana Project is highly prospective, particularly the Kalanako Northwest area and the Djirila deposit. Discovery of additional deposits may provide an extension of the Kalana mining operation. In addition, potential high-grade free-digging soft material may provide further operating flexibility. The Kalanako Northwest area is highly prospective due to the presence of historical artisanal workings, gold showings and soil and geophysical anomalies. The Djirila deposit, located 22km southwest of the proposed plant location, is within a reasonable trucking distance from the Kalana plant and should be reviewed in regard to identifying possible additional mineral resources. Figure 6: Kalana Plan Map with Exploration Targets Next steps The Definitive Feasibility Study is expected to commence immediate