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2020-08-06 - Yahoo! Finance: BNCH.V News

Benchmark Drilling Yields 57.91 Metres of 3.05 g/t Gold Equivalent from Surface

Edmonton, Alberta--(Newsfile Corp. - August 6, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "Company" or "Benchmark") - is pleased to announce results from drill-hole 20CCRC003 that intersected, from surface, broad mineralization that yielded 57.91 metres (m) of 1.90 grams per tonne (g/t) gold and 91.96 g/t silver or 3.05 g/t gold equivalent* (AuEq). Within this mineralized envelope higher-grade intervals include 33.53 metres of 3.17 g/t gold and 152.28 ...

2020-08-06 - Latest updates

Silver One Commences Exploration on Its Cherokee Project, Nevada

2020-08-06 - Yahoo! Finance: OGC.TO News

OceanaGold Announces Receipt of WKP Mining Permit

/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./MELBOURNE, Australia, Aug.

2020-08-06 - Latest updates

Coquigold

2020-08-06 - Latest updates

NORTHERN VERTEX COMPLETES FIVE-YEAR EXTENSION OF 5% CONVERTIBLE DEBENTURES

2020-08-06 - Latest updates

2020 Phase One Field Work at Northwest Cirque

2020-08-05 - Yahoo! Finance: NG.TO News

Edited Transcript of NG.TO earnings conference call or presentation 25-Jun-20 3:00pm GMT

Q2 2020 NovaGold Resources Inc Earnings Call

2020-08-05 - Yahoo! Finance: BTO.TO News

B2Gold Reports Strong Q2 2020 Results and Doubling Quarterly Dividend to $0.04 per Share; Quarterly Records for Gold Revenue and Operating Cash Flows; Cash Operating Costs and AISC Less than Budget

B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce strong operational and financial results for the second quarter and first half of 2020 and the doubling of the Company's quarterly dividend to $0.04 per share. The Company previously released its gold production and gold revenue results for the second quarter and first half of 2020. All dollar figures are in United States dollars unless otherwise indicated.

2020-08-05 - Yahoo! Finance: NML.TO News

New Millennium Iron Corp. Announces Agreement with the Tata Steel Group to Reorganize Relationship

CALGARY, Alberta, Aug. 05, 2020 (GLOBE NEWSWIRE) -- New Millennium Iron Corp. (the “Company” or “NML”) (TSX: NML) is pleased to announce that it has arrived at an agreement with TS Global Minerals Holdings Pte. Ltd. (“TSGMH”), Tata Steel Minerals Canada Ltd. (“TSMC”) and TSMUK LTD (“TSMUK”, and together with TSGMH and TSMC, the “Tata Steel Group”) to reorganize their relationship (the “Reorganization”). Pursuant to a reorganization agreement dated August 5, 2020 (the “Reorganization Agreement”), the Company and the Tata Steel Group have agreed to complete the Reorganization as follows: 1. NML will sell and transfer its 4.32% interest in TSMC to TSMUK, representing its entire interest, or undertake a similar transaction with a similar effect; 2. NML will purchase for cancellation the 47,402,908 common shares of NML held by TSGMH, representing TSGMH’s entire interest, or undertake a similar transaction with a similar effect, following which TSGMH will own no shares of NML; 3. NML will retain its interests in the LabMag and KéMag properties (the “Taconite Properties”), and TSGMH will be granted 1% gross revenue royalty on the Taconite Properties, which may be further reduced to 0.5% gross revenue royalty upon cash payment of an agreed upon amount to TSGMH exercisable at any time upon a 30 calendar days’ prior written notice to TSGMH; 4. The heads of agreements dated September 24, 2008 and March 6, 2011 between TSGMH, NML and LabMag Limited Partnership pertaining to the Taconite Properties will each be terminated; and 5. Subject to the obligations contained in the Reorganization Agreement, all outstanding payables between NML, on the one hand, and the Tata Steel Group, on the other hand, will be settled between the parties and the parties will enter into a mutual release.The Reorganization is the first part of NML’s previously announced initiatives to adapt to changed market conditions. Please refer to NML’s press release dated December 18, 2018 for additional details on the initiatives.Following completion of the Reorganization, the operations and assets of NML will consist of its interests in the Taconite Properties, other iron ore claims and approximately $11 million in cash, cash equivalents and marketable securities. The Company intends to continue pursuing opportunities to redeploy its financial resources in a business outside of the mining industry while maximizing the value of its iron ore assets. The board of directors of NML (the “Board”) anticipates updating its shareholders on these initiatives as progress is made on these opportunities. Upon completion of the Reorganization, NML will have 133,651,238 shares outstanding.In connection with its discussions with the Tata Steel Group on the Reorganization, the Board constituted a special committee (the “Special Committee”), which comprises independent directors for the purposes of, among other things, considering NML’s proposal with respect to the Reorganization, supervising the process to be carried out by NML and its professional advisors in connection with the proposal and, ultimately, the Reorganization, and determining whether the Reorganization is in the best interests of NML and, as the Special Committee may determine to be necessary or advisable, report and make recommendations to the Board with respect to the Reorganization. The Special Committee retained Cairn Merchant Partners LP (“Cairn”) as financial advisor, Bennett Jones LLP (“Bennett Jones”) as legal counsel and Segal LLP (“Segal”) as independent valuator to complete a formal valuation and fairness opinion.Cairn has provided a verbal fairness opinion to the Board and the Special Committee stating that, as of the date thereof and, based upon and subject to the assumptions, limitations, and qualifications stated in such opinion, that the Reorganization is fair, from a financial point of view, to NML shareholders (other than the Tata Steel Group). Segal has provided a fairness opinion to the Board and the Special Committee that, as of the date thereof and, based upon and subject to the assumptions, limitations, and qualifications stated in such opinion, the Reorganization is fair, from a financial point of view, to NML shareholders (other than the Tata Steel Group).The independent directors of the Board, following consultation with Cairn and Bennett Jones, and the recommendation of the Special Committee, have unanimously approved the Reorganization.TSGMH has beneficial ownership of over 10% of the voting rights attached to NML’s voting securities. As such, the Reorganization constitutes a related party transaction in accordance with Part 5 of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and accordingly, among other things, is subject to minority shareholder approval. NML intends to obtain the required minority shareholder approval at its annual and special meeting of shareholders (the “Meeting”). As a result of completion of the Reorganization, TSGMH’s beneficial ownership of, or control or direction over, voting or equity securities of NML would decrease from 47,402,908 common shares of NML (representing 26.18% of the issued and outstanding common shares) to nil, and TSGMH would no longer have any beneficial ownership of, or control or direction over, voting or equity securities of any class of NML. A copy of the updated early warning report to be filed by TSGMH in connection with the Reorganization described above in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues will be available on SEDAR under NML’s profile.In addition to the above, NML intends to reduce its stated capital for the purpose of the Reorganization. In accordance with the Business Corporations Act (Alberta), a reduction of the stated capital requires a special resolution approved by at least of 2/3 of NML shareholders. NML intends to obtain such shareholder approval at the Meeting.Completion of the Reorganization remains subject to satisfaction of certain conditions including the requisite approvals of the NML shareholders described above and the satisfaction of certain other conditions that are customary for a transaction of this nature. The Reorganization Agreement may be terminated by each of NML and the Tata Steel Group if the Reorganization is not completed on or before November 30, 2020.A management information circular (the "Information Circular") outlining details of the Reorganization is expected to be mailed to NML shareholders in Q3 2020 in connection with the Meeting. Closing of the Reorganization and related transactions are expected to occur shortly following the Meeting. The Information Circular will be accessible on NML’s SEDAR profile at www.sedar.com shortly following the mailing of the Information Circular.About NMLNML is a Canadian iron ore exploration, evaluation and development company with an extensive property position called the Millennium Iron Range in Canada’s principal iron ore district, the Labrador Trough, straddling the Province of Newfoundland and Labrador and the Province of Quebec, in the Menihek Region around Schefferville, Quebec. The Company’s project areas are connected via a well-established, heavy-haul rail network to the Port of Sept-Îles, Quebec.Tata Steel, a global steel producer and industry leader, owns 26.2% of the common shares of the Company and is its largest shareholder.NML has a 4.32% interest in TSMC, which is owner and operator of a direct shipping ore (“DSO”) project near Schefferville. The DSO project produces and ships sinter fines. Subsidiaries of Tata Steel and the Quebec Government’s financing arm, Investissement Québec, own the remainder of TSMC.Beyond TSMC, the Company offers further development potential through a group of long-life Taconite Properties capable of producing high quality pellets and pellet feed to service the requirements of steel makers with either blast furnace or direct reduced iron making operations.For further information, please visit: www.NMLiron.com.  Forward-Looking StatementsThis news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward looking statements. Forward looking information is often, but not always, identified by the use of words such as “could”, “should”, “can”, “anticipate”, “expect”, “believe”, “will”, “may”, “projected”, “sustain”, “continues”, “strategy”, “potential”, “projects”, “grow”, “take advantage”, “estimate”, “well positioned” or similar words suggesting future outcomes. In particular, this news release contains forward looking statements relating to future opportunities, business strategies, mineral exploration, development and production plans and competitive advantages. 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.Management has provided the above summary of risks and assumptions related to forward looking statements in this news 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. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake and is not obligated to publicly update such forward looking statements to reflect new information, subsequent events or otherwise unless so required by applicable securities laws.Contact: Mario Caron Acting Chief Executive Officer Tel: (514) 935-3204

2020-08-05 - Yahoo! Finance: AGL.V News

Aguila American Gold Announces Acquisition of District Scale Gold Project in the USA and Concurrent Financing

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) -  August 5th, 2020: Aguila American Gold Limited (TSXV: AGL) ("Aguila" or the "Company") - is pleased to announce signing of a Letter of Intent ("LOI") , dated July 27th, to secure through Joint Venture the WUSA Epithermal Gold Project (the "WUSA Project"), a district-scale, underexplored, permitted and drill ready epithermal gold-silver project located within the Western Cascades, Oregon, USA. In conjunction with this ...

2020-08-05 - Yahoo! Finance: PAAS.TO News

Pan American Silver reports cash flow from operations of $62.8 million in Q2 2020 and updates 2020 guidance

VANCOUVER, BC, Aug. 5, 2020 /CNW/ - Pan American Silver Corp.

2020-08-05 - Yahoo! Finance: OR.TO News

Osisko Declares Third Quarter 2020 Dividend

MONTREAL, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased to announce a third quarter 2020 dividend of C$0.05 per common share. The dividend will be paid on October 15, 2020 to shareholders of record as of the close of business on September 30, 2020.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 September 30, 2020. 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 October 15, 2020 to shareholders on record as of September 30, 2020. If a shareholder elects to participate in the Plan, the Company will issue to the shareholder, in lieu of a cash dividend, common shares from treasury at a 3% discount to the weighted average price of the common shares during the five (5) trading days immediately preceding the dividend payment date. Participation in the Plan is optional and will not affect a shareholders’ cash dividends if the shareholder elects not to participate in the Plan. Quarterly dividends are only payable as and when declared by Osisko’s Board of Directors.A complete copy of the Plan and the enrolment form are available on Osisko’s website at http://osiskogr.com/en/dividends/drip/. Shareholders should carefully read the complete text of the Plan before making any decisions regarding their participation in the Plan.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 138 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 also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource companies, including a 14.7% interest in Osisko Mining Inc., 18.6% interest in Osisko Metals Incorporated and an 18.3% interest in Falco Resources Ltd.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:Sandeep Singh President Tel. (514) 940-0670 ssingh@osiskogr.comForward-looking statementsCertain 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.

2020-08-05 - Yahoo! Finance: MPVD.TO News

Mountain Province Diamonds Announces Second Quarter and Half Year 2020 Results

Mountain Province Diamonds Inc. ("Mountain Province", or the "Company") (TSX: MPVD) (OTCQX: MPVD) today announces its financial and operating results for the second quarter ("Q2 2020") and first half 2020 ("H1 2020") ended June 30, 2020. All figures are expressed in Canadian dollars unless otherwise noted.

2020-08-05 - Yahoo! Finance: OR.TO News

Osisko Reports Second Quarter 2020 Results and Updated Guidance for Second Half of 2020

MONTRÉAL, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the second quarter of 2020.Highlights * Updated guidance for the second half of the year of 33,000 to 35,000 gold equivalent ounces1 (“GEOs”); * Revenues from royalties and streams of $28.7 million (Q2 2019 – $33.8 million); * Cash flows from operating activities of $15.4 million (Q2 2019 – $21.4 million); $18.6 million before changes in non-cash working capital items (Q2 2019 – $23.5 million); * Earned 12,386 GEOs (Q2 2019 – 19,651 GEOs); * Net earnings of $13.0 million, $0.08 per basic share (Q2 2019 – net loss of $6.5 million, $0.04 per basic share); * Adjusted earnings2 of $5.7 million or $0.03 per basic share (Q2 2019 – $8.2 million, $0.05 per basic share); * Cash operating margin3 of 95% from royalty and stream interests, generating $27.2 million in operating cash flow, in addition to a cash operating margin of $0.6 million from offtake interests; * Cash on hand of $202.0 million and up to $400.0 million further available under the credit facility as at June 30, 2020; * Closed a non-brokered private placement of $85.0 million with Investissement Québec on April 1, 2020; * Improved the silver stream on the Gibraltar mine by investing $8.5 million to reduce the transfer price from US$2.75 per ounce of silver to nil in April 2020; * Commercial production was declared by the operator of the Eagle Gold mine on July 1, 2020, on which the Company holds a 5% NSR royalty;              * As a result of the COVID-19 pandemic, several of Osisko’s assets were temporarily placed on care and maintenance by our operating partners during the second quarter, but the affected assets have now largely resumed operations; and * Declared a quarterly dividend of $0.05 per common share paid on July 15, 2020 to shareholders of record as of the close of business on June 30, 2020.PerformanceSean Roosen, Chair and Chief Executive Officer, commented on the activities of the second quarter of 2020: “Even though our results for the second quarter have been affected by the impacts of the COVID‑19 pandemic, our business model remains extremely strong and the rising gold price helped to partially offset the closures. We look forward to benefiting from the gold price environment and our assets being at full capacity for the rest of the year.”OutlookOn March 23, 2020, given the uncertainties with respect to future developments related to the COVID-19 pandemic, including the duration, severity and scope of the outbreak, the actions taken to contain or treat the COVID‑19 outbreak, and impacts on mining operations, Osisko announced the withdrawal of its 2020 production guidance until further notice.As the main mining assets on which Osisko holds a royalty, stream or other interest have mostly returned to operations, Osisko has updated its guidance for the six months and the year ending December 31, 2020. This guidance excludes any potential impact on GEOs and cash margins if the Renard diamond mine would restart its operations in 2020 or if additional periods of care and maintenance were announced in light of the development of the COVID-19 pandemic.        Six months ending December 31, 2020 (i) Year ending December 31, 2020 (i)   Low High Cash margin Low High Cash margin   (GEOs) (GEOs) (%) (GEOs) (GEOs) (%)               Royalty interests 24,800 26,250 100 45,500 46,950 100 Stream interests 8,000 8,450 87 17,150 17,650 81 Offtake interests 200 300 2 850 900 3   33,000 35,000   63,500 65,500                 (i) Excluding any potential revenues from the Renard diamond mine for the six months ending December 31, 2020.For the full year 2020 guidance, actual results were used for the first semester and added to the forecast for the second semester of the year. For the outlook of the last 6 months of 2020, silver and cash royalties have been converted to GEOs using commodity prices of US$1,900 per ounce of gold, US$22 per ounce of silver and an exchange rate (US$/C$) of 1.33.Q2 2020 Results Conference CallOsisko will host a conference call on Thursday, August 6, 2020 at 10:00 am EDT to review and discuss its second quarter 2020 results. Participants to the call must register using one of the methods below: * Online pre-registration: http://www.directeventreg.com/registration/event/7026109 Once you register, you will receive a confirmation which will have the dial in number and both the Direct Event Passcode and your unique Registrant ID to join this call. For security reasons, please do NOT share this information with anyone else.   * You can alternatively, pre-register by phone: Pre-phone registration: 1-(888) 869-1189 and provide the Conference ID which is 7026109 to the Live Agent who will take the details from you live. Please pre-register in advance of the call.The conference call replay will be available from 1:00 pm EDT on August 6, 2020 until 11:59 pm EDT on August 13, 2020 with the following dial in numbers: 1-(800) 585-8367 (North American toll free) or 1-(416) 621-4642, access code 7026109. The replay will also be available on our website at www.osiskogr.com.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 138 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 also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource companies, including a 14.7% interest in Osisko Mining Inc., 18.6% interest in Osisko Metals Incorporated and an 18.3% interest in Falco Resources Ltd.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:  Sandeep Singh President Tel. (514) 940-0670 ssingh@osiskogr.com  Notes:  (1)GEOs are calculated on a quarterly basis and include royalties, streams and offtakes. Silver earned from royalty and stream agreements was 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 June 30, Six months ended June 30,  20202019 20202019        Gold (i)$1,711$1,309 $1,645$1,307 Silver(ii)$16$15 $17$15        Exchange rate (US$/Can$)(iii)1.38531.3377 1.36511.3336  (i)The London Bullion Market Association’s pm price in U.S. dollars. (ii)The London Bullion Market Association’s price in U.S. dollars. (iii)Bank of Canada daily rate.     (2)The Company has included certain non-IFRS measures including “Adjusted Earnings” and “Adjusted Earnings per basic share” to supplement its consolidated financial statements, which are presented in accordance with IFRS. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. “Adjusted earnings” is defined as “Net earnings (loss)” adjusted for certain items: “Foreign exchange gain (loss)”, “Impairment of assets”, including impairment on financial assets and investments in associates, “Gains (losses) on disposal of exploration and evaluation assets”, “Unrealized gain (loss) on investments”, “”, “Share of loss of associates”, “Deferred income tax expense (recovery)” and other unusual items such as transaction costs. Adjusted earnings per basic share is obtained from the “adjusted earnings” divided by the “Weighted average number of common shares outstanding” for the period.      Three months ended  June 30,   Six months ended  June 30,    2020 2019  2020 2019             (in thousands of dollars,  except per share amounts)$ $  $ $             Net earnings (loss)13,048 (6,547) (270)(33,096)            Adjustments:          Impairment of assets3,117 -  30,323 38,900  Foreign exchange loss (gain)544 484  (1,557)1,643  Unrealized (gain) loss on investments(13,923)5,298  (15,458)5,333  Share of loss of associates1,458 8,780  3,174 10,542  Deferred income tax expense (recovery)1,489 216  (2,025)(9,266)            Adjusted earnings5,733 8,231  14,187 14,056             Weighted average number of common shares outstanding (000’s)164,733 154,988  160,067 155,023             Adjusted earnings per basic share0.03 0.05  0.09 0.09   (3)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 dollars):      Three months ended  June 30,   Six months ended June 30,    2020 2019  2020 2019   $ $  $ $         Revenues40,758 131,606  93,363 232,332  Less: Revenues from offtake interests(12,025)(97,825) (26,796)(165,051) Revenues from royalty and stream interests28,733 33,781  66,567 67,281         Cost of sales(12,945)(100,093) (30,228)(170,197) Less: Cost of sales of offtake interests11,454 96,642  25,376 163,152  Cost of sales of royalty and stream interests(1,491)(3,451) (4,852)(7,045)                             Revenues from royalty and stream interests28,733 33,781  66,567 67,281  Less: Cost of sales of royalty and stream interests(1,491)(3,451) (4,852)(7,045) Cash margin from royalty and stream interests27,242 30,330  61,715 60,236          95%90% 93%90%        Revenues from offtake interests12,025 97,825  26,796 165,051  Less: Cost of sales of offtake interests(11,454)(96,642) (25,376)(163,152) Cash margin from offtake interests 571 1,183  1,420 1,899          5%1% 5%1%            Forward-looking StatementsThis 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") 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, that sufficient funding will be available to fund work at the Cariboo Project, 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 Ltd Consolidated Balance Sheets (Unaudited) (tabular amounts expressed in thousands of Canadian dollars)      June 30,  December 31,     2020    2019    $  $             Assets         Current assets         Cash201,971  108,223  Short-term investments21,105  20,704  Amounts receivable8,355  6,330  Other assets5,878  5,172   237,309  140,429       Non-current assets         Investments in associates123,907  103,640  Other investments107,954  67,886  Royalty, stream and other interests1,128,673  1,130,512  Mining interests and plant and equipment369,536  343,693  Exploration and evaluation43,065  42,949  Goodwill111,204  111,204  Other assets6,940  6,940   2,128,588  1,947,253       Liabilities         Current liabilities         Accounts payable and accrued liabilities14,379  18,772  Dividends payable8,259  7,874  Current portion of long-term debt49,298  -  Provisions and other liabilities2,377  1,289   74,313  27,935       Non-current liabilities         Provisions and other liabilities28,918  29,365  Long-term debt372,354  349,042  Deferred income taxes48,327  47,465   523,912  453,807       Equity          Share capital1,742,111  1,656,350  Warrants18,072  18,072  Contributed surplus38,220  37,642  Equity component of convertible debentures17,601  17,601  Accumulated other comprehensive income60,712  13,469  Deficit(272,040) (249,688)  1,604,676  1,493,446   2,128,588  1,947,253          Osisko Gold Royalties Ltd Consolidated Statements of Income (Loss) For the three and six months ended June 30, 2020 and 2019 (Unaudited) (tabular amounts expressed in thousands of Canadian dollars, except per share amounts)    Three months ended June 30,   Six months ended June 30,    2020  2019  2020  2019   $  $  $  $                      Revenues40,758  131,606  93,363  232,332            Cost of sales(12,945) (100,093) (30,228) (170,197) Depletion of royalty, stream and other interests(8,692) (11,825) (22,392) (24,201) Gross profit19,121  19,688  40,743  37,934            Other operating expenses         General and administrative(5,818) (4,574) (12,102) (10,475) Business development(1,634) (1,786) (2,772) (3,524) Exploration and evaluation(34) (58) (76) (91) Impairment of assets-  -  (26,300) (38,900) Operating income (loss)11,635   13,270   (507 ) (15,056 ) Interest and dividend income1,075  920  2,196  2,092  Finance costs(6,636) (5,792) (13,498) (11,539) Foreign exchange (loss) gain(608) (491) 1,718  (1,612) Share of loss of associates(1,458) (8,780) (3,174) (10,542) Other gains (losses), net10,806  (5,298) 11,435  (5,333) Earnings (loss) before income taxes14,814   (6,171) (1,830) (41,990) Income tax (expense) recovery(1,766) (376) 1,560  8,894  Net earnings (loss)13,048  (6,547) (270) (33,096)           Net earnings (loss) per share         Basic and diluted0.08  (0.04) -  (0.21)            Osisko Gold Royalties Ltd Consolidated Statements of Cash Flows For the three and six months ended June 30, 2020 and 2019 (Unaudited) (tabular amounts expressed in thousands of Canadian dollars)               Three months ended June 30,  Six months ended June 30,   2020  2019  2020  2019   $  $  $  $           Operating activities        Net earnings (loss)13,048  (6,547) (270) (33,096) Adjustments for:        Share-based compensation1,682  1,520  4,365  4,221  Depletion and amortization8,981  12,166  23,113  24,826  Impairment of assets3,117  -  30,323  38,900  Finance costs2,126  1,791  4,750  3,474  Share of loss of associates1,458  8,780  3,174  10,542  Net gain on acquisition of investments-  (263) (2,845) (88) Change in fair value of financial assets at fair value through profit and loss(2,316) 665  (1,006) 1,194  Net gain on dilution of investments(10,381) -  (10,381) -  Net gain (loss) on disposal of investments(1,226) 4,896  (1,226) 4,227  Foreign exchange loss (gain)544  484  (1,557) 1,643  Deferred income tax expense (recovery)1,490  216  (2,025) (9,266) Other33  (245) 75  (493) Net cash flows provided by operating activities before changes in non-cash working capital items18,556  23,463  46,490  46,084  Changes in non-cash working capital items(3,134) (2,113) (7,268) 16  Net cash flows provided by operating activities15,422  21,350  39,222  46,100           Investing activities        Short-term investments-  (3,111) (1,069) (16,230) Acquisition of investments(18,356) (34,778) (33,943) (40,537) Proceeds on disposal of investments3,115  58,052  3,437  58,474  Acquisition of royalty and stream interests(16,867) -  (24,367) (27,969) Exploration and evaluation (expenses) tax credits, net-  (36) (116) 150  Mining assets and plant and equipment(11,561) 32  (26,415) 588  Other(5) (352) 151  (1,063) Net cash flows (used in) provided by investing activities(43,674) 19,807  (82,322) (26,587)          Financing activities        Private placement of common shares85,000  -  85,000  -  Exercise of share options and shares issued under the share purchase plan773  585  1,133  6,268  Increase in long-term debt-  -  71,660  -  Repayment of long-term debt-  -  -  (30,000) Common shares acquired and cancelled through a share repurchase-  (58,052) -  (58,052) Normal course issuer bid purchase of common shares(977) -  (3,933) (11,901) Dividends paid(6,639) (7,504) (14,181) (13,802) Other(1,611) (18) (2,766) (192) Net cash flows provided by (used in) financing activities76,546  (64,989) 136,913  (107,679)          Increase (decrease) in cash before effects of exchange rate changes on cash48,294  (23,832) 93,813  (88,166) Effects of exchange rate changes on cash(4,648) (1,076) (65) (2,510) Increase (decrease) in cash43,646  (24,908) 93,748  (90,676) Cash  – beginning of period158,325  108,497  108,223  174,265  Cash  – end of period201,971  83,589  201,971  83,589

2020-08-05 - Yahoo! Finance: FNV.TO News

Franco-Nevada Reports Q2 Results

Franco-Nevada's diversified portfolio performed well despite the impact of COVID-19 during the quarter. "We recognise the efforts of our operators and their related communities during this difficult period", stated Paul Brink, CEO. "Of our original 56 cash generating mining assets, 15 experienced some form of temporary curtailment in Q2. All except Golden Highway have since resumed operations. The return to normal operations and higher gold prices makes us optimistic about the second half. In addition, we see the potential for longer-term organic growth from our over 240 exploration and development royalties due to increased capital available to the gold sector. Our energy assets should benefit now that oil & gas prices have stabilized since the lows experienced in Q2. Franco-Nevada is debt free, has a growing cash balance and expects good growth in our gold equivalent ounces over the next few years."

2020-08-05 - Yahoo! Finance: PAAS.TO News

Pan American Silver Reports Mineral Reserves Estimate of 550 Million Ounces of Silver and 5.2 Million Ounces of Gold

All financial figures are expressed in US$ unless otherwise indicated. VANCOUVER, BC, Aug.

2020-08-05 - Yahoo! Finance: GLV.V News

Global Announces Private Placement

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - Global Vanadium Corp. (TSXV: GLV) ("Global" or the "Company") is pleased to announce a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.25 per unit, for gross proceeds of up to $2,500,000 (the "Private Placement"). Each Unit will consist of one common share and one share purchase warrant, each whole share purchase warrant being exercisable for a period ...

2020-08-05 - Orford Mining Corporation

Orford Mining is Unaware of Any Material Change

Press Release Orford No material information aug 4 2020

The post Orford Mining is Unaware of Any Material Change appeared first on Orford Mining Corporation.

2020-08-05 - Yahoo! Finance: LIO.V News

Lion One Announces Amendment to Previously Announced Private Placement Offering of Units

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES NORTH VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to announce that, further to its press releases dated July 23, 2020 and July 27, 2020, announcing a private placement offering of units of the Company, the Company has agreed with Haywood Securities Inc. (“Haywood”) to amend the terms of the offering. Pursuant to the amended agreement, Haywood and  Echelon Wealth Partners Inc., as co-lead underwriters on behalf of a syndicate of underwriters, have agreed to purchase, on a “bought deal” private placement basis, (i) 11,765,000 units (the “Tranche 1 Units”) of the Company at a price of C$1.70 per Tranche 1 Unit (the “Tranche 1 Price”) for gross proceeds of C$20,000,500, and (ii) 7,318,000 units (the “Tranche 2 Units” and together with the Tranche 2 Units, the “Units”) of the Company at a price of $2.05 per Tranche 2 Unit (the “Tranche 2 Price”) for gross proceeds of C$15,001,900, for aggregate gross proceeds to the Company of $35,002,400 (the “Offering”).Each Tranche 1 Unit will consist of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Tranche 1 Warrant”) of the Company. Each Tranche 1 Warrant shall be exercisable to acquire one Common Share (a “Warrant Share”) at a price per Warrant Share of C$2.35 for a period of 12 months from the closing date of the Offering.Each Tranche 2 Unit will consist of one Common Share and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Tranche 2 Warrant”) of the Company. Each Tranche 2 Warrant shall be exercisable to acquire one Warrant Share at a price per Warrant Share of C$2.75 for a period of 12 months from the closing date of the Offering. The Company will apply to list the Tranche 2 Warrants on the TSX Venture Exchange upon completion of the Offering.The Company has granted the Underwriters an option (the “Underwriters’ Option”) to purchase additional Tranche 1 Units and Tranche 2 Units, subject to a maximum of (i) 15% of the Tranche 1 Units issued under the Offering; and (ii) 25% of the Tranche 2 Units issued under the Offering, exercisable in whole or in part at any time up to 48 hours prior to the closing date.The net proceeds from the Offering will be used for exploration and development of the Company’s Tuvatu Gold Project, as well as working capital and general corporate purposes.The Offering is expected to close on or about August 18, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Tranche 1 Units and Tranche 2 Units to be issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering.In connection with the Offering, the Underwriters will receive a cash commission of 6.0% of the gross proceeds of the Offering and that number of non-transferable compensation options (the “Compensation Options”) as is equal to 6.0% of the aggregate number of Tranche 1 Units and Tranche 2 Units sold under the Offering. Each Compensation Option is exercisable into one Common Share of the Company at the Bought Deal Price or the Tranche 2 Price, as applicable, for a period of 12 months from the closing date of the Offering.The securities offered 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 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.About Lion One Metals LimitedLion One’s flagship asset is 100% owned high grade Tuvatu Gold Project, located in Navilawa Caldera, a 5 mile diameter alkaline gold system in Fiji. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries.  As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.For further information Contact Investor Relations Toll Free (North America) Tel: 1-855-805-1250 Email: info@liononemetals.com Website: www.liononemetals.com

2020-08-05 - Yahoo! Finance: ANTL.V News

Antler Gold Grants Incentive Options

Halifax, Nova Scotia--(Newsfile Corp. - August 5, 2020) - Antler Gold Inc. (TSXV: ANTL) ("Antler" or "Company") is pleased to announce that it has granted 2,282,500 incentive stock options under the Company's Stock Option Plan ("Plan") to officers, directors and consultants. Officers and directors were granted 1,350,000 of the total options granted.Each option is exercisable into one common share at a price of $0.40 per share and will vest at the rate of ...

2020-08-05 - MINING.COM

Torex produces 59,508 oz. in Q2, updates 2020 guidance

The company expects to produce 390,000 oz. to 420,000 oz. of gold this year.

2020-08-05 - Yahoo! Finance: NVO.V News

Novo Announces Upsize of Previously Announced Private Placement to C$42.5 Million and Concurrent Non-Brokered Private Placement of C$3 Million

Not for Distribution to United States Newswire Services or for dissemination in the United StatesVANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that due to demand from investors, it has increased the size of the previously announced private placement of subscription receipts (“Subscription Receipts”) of the Company from C$30 million to C$42.5 million and the size of the agents’ over-allotment option from 15% to 20% (the “Increased Brokered Offering”) in conjunction with its planned acquisition of Millennium Minerals Limited (the “Acquisition”) (please refer to the Company’s news release dated August 4, 2020 for further details). The Increased Brokered Offering is through a syndicate of agents led by Clarus Securities Inc. and Stifel GMP (the “Agents”). The Company is also pleased to announce a non-brokered private placement (the “Non-Brokered Offering”) of subscription receipts having the same characteristics and convertible into the same underlying securities as the subscription receipts offered under the Increased Brokered Offering (and hereafter also referred to as Subscription Receipts), to a president’s list on the same terms as the Increased Brokered Offering.Under the Increased Brokered Offering, the Company may issue up to 13,076,923 Subscription Receipts at a price of C$3.25 per Subscription Receipt for gross proceeds of up to C$42.5 million (up to approximately US$31.7 million) which will be placed in escrow and released immediately prior to closing of the Acquisition, as described in Novo’s news release of August 4, 2020. The Agents will have an option (the “Over-Allotment Option”) to offer up to an additional 20% in Subscription Receipts up to 48 hours prior to closing of the Increased Brokered Offering. The Agents will have no obligation to exercise the Over-Allotment Option.Under the Non-Brokered Offering, the Company may issue up to an additional 923,076 Subscription Receipts at a price of C$3.25 per Subscription Receipt for gross proceeds of up to C$3 million (up to approximately US$2.2 million) which will also be placed in escrow and released immediately prior to closing of the Acquisition. The Subscription Receipts issued under the Non-Brokered Offering will also be issued pursuant to the subscription receipt agreement described in Novo’s news release of August 4, 2020. Finder’s fees may be payable with respect to subscriptions under the Non-Brokered Offering.In aggregate, the Company may issue up to 13,999,999 Subscription Receipts at a price of C$3.25 per Subscription Receipt for gross proceeds of up to C$45.5 million (up to approximately US$33.9 million).The net proceeds from the Increased Brokered Offering and the Non-Brokered Offering will be used to fund the Acquisition, for capital expenditures relating to the restart of Millennium’s infrastructure, and for general corporate working capital purposes related thereto.The Increased Brokered Offering and the Non-Brokered Offering are subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange. About Novo Resources Corp. Novo’s focus is primarily to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 13,750 square kilometres with varying ownership interests. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.comOn Behalf of the Board of Directors,Novo Resources Corp. “Quinton Hennigh” Quinton Hennigh President and Chairman 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. Forward-looking information Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, statements as to the expected consummation of the Increased Brokered Offering and the Non-Brokered Offering and use of the proceeds thereof. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, obtaining TSX Venture Exchange approval to the Increased Brokered Offering, the Non-Brokered Offering and the Acquisition, satisfaction of the other conditions precedent to the completion of the Acquisition, and customary risks of the mineral resource exploration industry.This news release does not constitute an offer for sale, or a solicitation of an offer to buy, in the United States or to any “U.S Person” (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “1933 Act”)) of any equity or other securities of Novo. The securities of Novo have not been, and will not be, registered under the 1933 Act or under any state securities laws and may not be offered or sold in the United States or to a U.S. Person absent registration under the 1933 Act and applicable state securities laws or an applicable exemption therefrom.

2020-08-05 - Yahoo! Finance: LMR.V News

LD Micro--Announces Preliminary List of Presenters for the LD-500.

LOS ANGELES, CA / ACCESSWIRE / August 5, 2020 / LD Micro today announced the initial list of companies slated to present at the upcoming LD 500, taking place September 1st-4th, 2020, exclusively online.

2020-08-05 - Yahoo! Finance: MKO.V News

LD Micro--Announces Preliminary List of Presenters for the LD-500.

LOS ANGELES, CA / ACCESSWIRE / August 5, 2020 / LD Micro today announced the initial list of companies slated to present at the upcoming LD 500, taking place September 1st-4th, 2020, exclusively online.

2020-08-05 - MINING.COM

Victoria repays $10 million of secured credit facility

Company made a $10 million early unscheduled repayment of interest and principal towards its $100 million senior secured credit facility.

2020-08-05 - Royal Gold Press Releases

Royal Gold Reports Fourth Quarter and Fiscal Year 2020 Results

2020-08-05 - The Northern Miner

Safety first: Investors wake up to the appeal of gold

If the price of gold in a local currency is a measure of national risk, then the United Kingdom is apparently in a worse place...

2020-08-05 - MINING.COM

Metso Outotec acquires Davies Wear Plate Systems

Newly formed Metso Outotec has closed the acquisition of the Australia-based fastener and wear monitoring technology provider.

2020-08-05 - Yahoo! Finance: FVAN.V News

First Vanadium Lined Up for Drilling the Gold Target in Carlin Gold Trend, Nevada

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that all arrangements are in place for the drill to arrive on site for August 19th to commence drilling the gold opportunity on the property in the Carlin Gold Trend in Nevada. The gold target has been identified by Dave Mathewson, a former Newmont Regional Exploration ...

2020-08-05 - Yahoo! Finance: TECK-B.TO News

2 Gurus Have Contrasting Views on the Economy and Market

David Einhorn and Seth Klarman do not agree on the expected performance in the coming months Continue reading...

2020-08-05 - The Northern Miner

Minera Alamos buys Cerro de Oro gold project in private sale

Canada’s Minera Alamos (TSX-V: MAI) is expanding its footprint in Mexico by acquiring the Cerro de Oro gold project in the north-central state of Zacatecas, its third asset...

2020-08-05 - MINING.COM

Premier Gold Mines considering US spin-out

The spin-out would be a US-based public company holding the South Arturo and McCoy-Cove properties.

2020-08-05 - Yahoo! Finance: MON.V News

Montero Acquires Isabella Gold Silver Project in Chile

TORONTO, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) has signed a Binding Purchase and Sale Agreement (“Agreement”) to acquire a 100% interest in a private Chilean company (“ChileCo”) which holds various mineral rights to exploration claims that make up the Isabella Gold Silver Project (“Project”) in Chile. Isabella’s exploration claims cover an area of 67km2.  The Agreement is subject to corporate and legal process in Chile and regulatory approval. Dr. Tony Harwood, President and Chief Executive Officer of Montero commented, “Montero has secured the highly prospective Isabella Gold Silver Project in Chile where the Company can utilize its gold silver exploration, discovery and development expertise in a tier one mining jurisdiction. The Company is assessing previous exploration data with a view to carrying out a drill program in the fall of 2020. ”  The Isabella Gold Silver Project is located in the Southern Coastal Range of Chile approximately 200 km south of Santiago and has excellent year-round access. The Coastal Range contains numerous gold and copper occurrences hosted within a package of intermediate intrusives, sediments and volcanics of Mesozoic age.The Isabella Gold Silver Project is located regionally south of Yamana’s Minera Florida gold mine and north of an extensive regional gold area being explored by Fresnillo. However, these operations do not confirm the mineral potential of the Isabella properties. The Isabella region has seen little modern exploration and most occurrences remain undrilled.The Isabella Gold Silver Project area hosts numerous structurally controlled quartz veins that have been mapped over an area of approximately 12 km long and 4 km wide. A review of field reports on mapping and sampling prepared by the previous owner indicate high gold - silver concentrations within quartz veins with values of up to 48 g/t gold and 629 g/t silver.The samples collected where grab samples of exposed vein material and are not considered representative of the overall concentration of mineralization in any particular vein. Samples were collected in accordance with industry best practices and analyzed by ALS Chile under the supervision of a qualified person. No independent sampling has been completed by Montero.The veins form part of an extensive regional polymetallic Au-Ag vein and breccia system occurring in dilational fractures in the granite and along contacts with older sediments. Prior exploration at Isabella by the previous operator includes surface mapping, rock sampling, trenching, and airborne magnetics.  No drilling in the Isabella district has been carried out to date.  Under the terms of the Agreement, Montero has acquired a 100% interest in ChileCo which holds all the mineral interests to the Isabella Gold Silver Project. ChileCo was purchased for a nominal amount and by taking over the earn-in obligations of cash payments totaling US$ 450,000 to be made by August 2022. ChileCo directly holds 100% of the mineral rights to 18 km2 of mineral claims and has two subsidiaries with 49 km2 under option agreements. In Subsidiary 1 Montero has an 85% interest in Isabella West mineral claims while in Subsidiary 2 Montero is earning an 85% interest in Isabella East mineral claims. The mineral claims held by both subsidiaries are subject to joint venture and mining option agreements with local parties. Montero is reviewing several drill target areas that have been identified and permitted for drilling by the previous owners in order to commence a drill program.Qualified Person's Statement This press release was reviewed and approved by Mr. Mike Evans, M.Sc. Pr.Sci.Nat., who is a qualified person for the purpose of National Instrument 43-101 and a Consulting Geologist to Montero. A review was also undertaken by Ing. Marcial Vergara B.Sc. and Mr. Michael Corey P.Geo. both of whom are qualified persons as defined by NI 43-101 and have extensive experience in gold exploration in Chile.About Montero Montero is a junior exploration company focused on finding, exploring and advancing globally significant gold deposits in Latin America. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to focus on gold opportunities in Latin America. Montero’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 21,880,818 shares outstanding.For more information, contact:Montero Mining and Exploration Ltd. Dr. Tony Harwood, President and Chief Executive Officer E-mail: ir@monteromining.com  Tel: +1 416 840 9197 | Fax: +1 866 688 4671  www.monteromining.comNeither 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: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and 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 state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, completion of the HOA, results of exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the HOA on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

2020-08-05 - Yahoo! Finance: MON.V News

IIROC Trading Halt - MON

VANCOUVER, BC, Aug. 5, 2020 /CNW/ - The following issues have been halted by IIROC: Company: Montero Mining and Exploration Ltd.

2020-08-05 - Yahoo! Finance: NGT.TO News

This Gold Stock is One of the Best to Own in August

NEM has more than doubled off its March lows

2020-08-05 - MINING.COM

Cobalt price surges on transport delays from SA

Transport delays from South Africa against an increasingly robust Chinese demand have fuelled a price rally for cobalt hydroxide.

2020-08-05 - MINING.COM

Hudson restructures debt to restart anorthosite mine

The Greenland government has given permission for the company to remobilize its team back to the project site.

2020-08-05 - Yahoo! Finance: PLAN.V News

IIROC Trading Resumption - PLAN

VANCOUVER, BC, Aug. 5, 2020 /CNW/ - Trading resumes in: Company: Progressive Planet Solutions Inc.

2020-08-05 - Yahoo! Finance: PLAN.V News

IIROC Trading Resumption - PLAN

VANCOUVER, BC, Aug. 5, 2020 /CNW/ - Trading resumes in: Company: Progressive Planet Solutions Inc.

2020-08-05 - MINING.COM

Canadian miner’s multi-million dollar suit against Kazakhstan dismissed

An international tribunal has dismissed a nearly $1 billion claim brought by Canada's Gold Pool JV ver a botched deal to operate gold mines in Kazakhstan.

2020-08-05 - The Northern Miner

Donald Trump Jr calls for blocking Pebble mine

Opponents of Northern Dynasty Minerals’ (TSX: NDM) proposed Pebble copper-gold-molybdenum mine in Alaska found a new ally on Tuesday, as U.S. President Donald Trump’s son...

2020-08-05 - MINING.COM

Endeavour plans to initiate dividend payments – CEO

Company said it is on track to achieve full-year production guidance for both Endeavour and Semafo assets.

2020-08-05 - MINING.COM

Gold price rally reaches new high

Gold's mega rally extended further on Wednesday, setting an intraday high of $2,055.48/oz.

2020-08-05 - Latest updates

Gold Discovery: 18 g/t Gold on Portofino's South of Otter Property, Red Lake Gold District, Ontario

2020-08-05 - Yahoo! Finance: BIP-UN.TO News

Brookfield Infrastructure Proves Its Resilience During the Second Quarter

The global economy nearly ground to a halt during the second quarter as governments imposed restrictions on business and travel to slow the spread of COVID-19. The main issue was foreign currency fluctuations, primarily the Brazilian real, which depreciated 27%, reducing FFO by $30 million.

2020-08-05 - Yahoo! Finance: WPM.TO News

Why Wheaton Precious Metals (WPM) Stock is a Compelling Investment Case

First Eagle Investment Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 14.73% for the second quarter (without sales charge), underperforming its benchmark, the MSCI World Index which returned 19.36% in the same quarter. You should check […]

2020-08-05 - Yahoo! Finance: AGC.V News

Amarillo files amended and restated technical report

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (Amarillo or the Company) (TSXV: AGC, OTCQB: AGCBF) has filed an amended and restated technical report called Amended and Restated NI 43-101 Technical Report Definitive Feasibility Study Posse Gold Project, Brazil. It is dated August 3, 2020 (effective date of June 15, 2020) and has been filed on SEDAR under the Company’s issuer profile.This filing has been made at the request of Ontario Securities Commission (OSC) staff in connection with a review that was done in connection with the filing of a short form prospectus by the Company.The amended technical report amends and restates the Company’s NI 43-101 Technical Report Definitive Feasibility Study Posse Gold Project, Brazil dated June 15, 2020 solely to: * delete certain appendices that the OSC deemed superfluous * clarify that the stated mineral resource estimate includes the stated estimated mineral reserves.About Amarillo Amarillo Gold Corporation is advancing two gold projects in Brazil. Both are in mining-friendly states and have excellent nearby infrastructure. The development stage Posse Gold Project on its Mara Rosa Property in Goiás State has received the main permit that provides social and environmental permission for mining. Work is underway on receiving the installation permit. The advanced exploration stage Lavras do Sul Project in Rio Grande do Sul State has more than 22 prospects centred on historic gold workings.Amarillo Gold Corporation trades on the TSXV under the symbol AGC, and on the OTCQB under the symbol AGCBF.For further information, please contact Annemarie Brissenden Investor Relations 416-844-6284 annemarie.brissenden@amarillogold.comDisclaimer 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.PDF available: http://ml.globenewswire.com/Resource/Download/7ee3ef28-6cb3-4e94-9703-6e027493ea9f

2020-08-05 - Yahoo! Finance: CUC.V News

Carube Copper Announces Private Placement

Toronto, Ontario--(Newsfile Corp. - August 5, 2020) - Carube Copper Corp. (TSXV: CUC) (the "Company") announces that, subject to TSX Venture Exchange ("TSXV") approval, it intends to raise an aggregate of $2,200,000 by way of a non-brokered private placement of up to 40,000,000 common shares (the "Common Shares") of the Company at a price of $0.055 per share (the "Offering"). The proceeds of the Offering will be used for exploration at the Jasperoide ...

2020-08-05 - The Northern Miner

Covid-19 creates ‘perfect storm’ for gold investment: World Gold Council

With the price of gold having crested US$2,000 an ounce, the World Gold Council released its latest report on the precious metal’s demand trends. The...

2020-08-05 - The Northern Miner

Torex posts ‘solid’ Q2; updates 2020 guidance

Mexico-focused producer Torex Gold Resources (TSX: TXG) released its second quarter financial results and updated production guidance for the year: with 59,508 oz. gold generated...

2020-08-05 - The Northern Miner

B of A forecasts US$3,000 gold, US$50 silver on ‘financial repression’

In April, Bank of America Global Research increased its 18-month price target on gold from US$2,000 per oz. to US$3,000 per oz. and forecast an...

2020-08-05 - Yahoo! Finance: NTR.TO News

How Competitive is Nutrien’s (NTR) Business?

First Eagle Investment Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 14.73% for the second quarter (without sales charge), underperforming its benchmark, the MSCI World Index which returned 19.36% in the same quarter. You should check […]

2020-08-05 - Yahoo! Finance: IRO.V News

Inter-Rock Minerals (CVE:IRO): Are Investors Overlooking Returns On Capital?

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world...

2020-08-05 - Yahoo! Finance: VEIN.V News

Pasofino Gold Limited Announces Updated Mineral Resource Estimates for the Dugbe Gold Project in Liberia

Toronto, Ontario--(Newsfile Corp. - August 5, 2020) - Pasofino Gold Limited (TSXV: VEIN) ("Pasofino" the "Company") is pleased to announce the delivery of updated Mineral Resource estimates for the Tuzon deposit ('Tuzon') and the Dugbe F deposit ('Dugbe F') located on the Dugbe Gold Project ('the Project') in Liberia. The project is owned by Hummingbird Resources Limited (Hummingbird). Pasofino, through its recently announced proposed acquisition of ARX Resources Limited (the "Acquisition"), will upon completion of ...

2020-08-05 - Yahoo! Finance: EDR.TO News

Endeavour Silver Corp (EXK) Q2 2020 Earnings Call Transcript

With me on the line today, we have the company's Chief Executive Officer, Bradford Cooke; our Chief Financial Officer, Dan Dickson; and our Chief Operating Officer, Godfrey Walton. Before we get started, I'm required to remind you that certain statements on today's call will contain forward-looking information within the meaning of applicable securities laws.

2020-08-05 - Yahoo! Finance: NGT.TO News

Why Newmont Corp (NEM) Stock is a Compelling Investment Case

First Eagle Investment Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 14.73% for the second quarter (without sales charge), underperforming its benchmark, the MSCI World Index which returned 19.36% in the same quarter. You should check […]

2020-08-05 - Yahoo! Finance: FEX.V News

Fjordland Exploration Announces Senior Management Appointment

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - FJORDLAND EXPLORATION INC. (TSXV: FEX) (the "Company") Richard Atkinson P.Eng., Chairman, takes pleasure in announcing that effective August 1, 2020 James R. Tuer has assumed the role of President, Chief Executive Officer and Director of the Company.Mr. Tuer is a double graduate of Queens University with a Bachelor of Science with Honours, Mechanical Engineering and a Master of Business Administration. Jamie started his career in ...

2020-08-05 - Yahoo! Finance: ER.TO News

CANADA STOCKS-Energy boost drives TSX higher

2020-08-05 - Yahoo! Finance: SGQ.TO News

Profit Warning

VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) -- SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the “Company”) wishes to inform the shareholders of the Company and potential investors that, based on the Company's preliminary assessment of the operational data and the information currently available, the Company expects to record a net loss in the range of USD 16 million to USD 21 million for the first half of 2020, as compared with a net profit of USD 4.2 million for the first half of 2019. The decrease in net profit is mainly due to the decrease of sales volume from 1.94 million tonnes in the first half of 2019 to 0.68 million tonne in the first half of 2020 as a result of the measures to control the spread of COVID-19 pandemic imposed by the governments in China and in Mongolia, including the Mongolian-Chinese border closure during February to March 2020 and the restrictions of coal transportation in Mongolia and export into China during April to June 2020. The information contained in this announcement is based on the preliminary review of the operational data and other information currently available to the Company, which has not been reviewed by the Company’s auditors and is subject to further adjustments.SHAREHOLDERS AND POTENTIAL INVESTORS OF THE COMPANY SHOULD EXERCISE CAUTION WHEN THEY DEAL OR CONTEMPLATE DEALING IN THE COMPANY’S SHARES OR OTHER SECURITIES OF THE COMPANY.About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia.  SouthGobi produces and sells coal to customers in China. CONTACT: Contact: Investor Relations Office: +852 2156 1438 (Hong Kong) +1 604 762 6783 (Canada) Email: info@southgobi.com  Website: www.southgobi.com

2020-08-05 - Yahoo! Finance: TLO.TO News

Talon Metals Announces Upsizing of Previously Announced Best Efforts Public Offering of Common Shares

Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - August 5, 2020) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Corporation") is pleased to announce that it has increased the size of its previously announced best efforts public offering of the Corporation (the "Offering"). Pursuant to the revised terms of the Offering, Talon expects to issue common shares of the Corporation (the "Common Shares") for aggregate gross proceeds of up to $5 million at ...

2020-08-05 - Latest updates

Superior Gold Inc. Provides Notice of Second Quarter 2020 Results and Conference Call

2020-08-05 - MINING.COM

Giga Metals aims to develop world’s first carbon-neutral mine

The Turnagain project in British Columbia is considered one of the largest undeveloped sulphide nickel deposits on the planet.

2020-08-05 - Yahoo! Finance: GDBO.V News

Gold Rush Cariboo Announces Resignation of CFO And Director

Toronto, Ontario--(Newsfile Corp. - August 5, 2020) - Gold Rush Cariboo Corp. (TSXV: GDBO) (OTC: SGRWF) ("Gold Rush" or the "Company") announces the resignation of Mr. Randy Koroll as the Chief Financial Officer of the Company and Mr. Brian Stecyk as a director of the Company, effective immediately. The Company wishes to thank Mr. Koroll and Mr. Stecyk for their contributions to the Company and wishes them every success in their future endeavors. The ...

2020-08-05 - Deep-South Resources

Deep-South Resources announces a non-brokered private placement

Vancouver, B.C., Canada – August 5, 2020 – Deep-South Resources Inc. (Deep-South or the “Company) (TSX-V: DSM) announces that it will proceed with a non-brokered private placement. The Company will proceed with a non-brokered private placement for gross proceeds of up to $1,000,000 (“the Offering”). The non-brokered private placement will comprise up to 8,333,333 units... Read more »

The post Deep-South Resources announces a non-brokered private placement appeared first on Deep-South Resources.

2020-08-05 - Medallion Resources

Medallion Appoints Robert Doyle as CFO

Bob Doyle is a principal of Pacific Opportunity Capital, a highly regarded Vancouver-based corporate services firm. Company CEO Mark Saxon remarked, It’s great to receive the input of Bob and the support of the Pacific Opportunity team as we focus on building the company.

The post Medallion Appoints Robert Doyle as CFO appeared first on Medallion Resources.

2020-08-05 - Yahoo! Finance: NGE.V News

President of Nevada Exploration Inc., James Buskard, is Featured on The Stock Day Podcast

Phoenix, Arizona--(Newsfile Corp. - August 5, 2020) - The Stock Day Podcast welcomed Nevada Exploration Inc. (OTCQB: NVDEF) (TSXV: NGE) ("the Company"), a company that has spent 15 years developing and integrating new hydrogeochemistry (groundwater chemistry) and low-cost drilling technology to build an industry-leading, geochemistry-focused, under-cover toolkit specifically to explore for large new Carlin-type gold deposits ("CTGDs") in the more than half of Nevada where the bedrock is hidden beneath post-mineral cover. President of ...

2020-08-05 - Yahoo! Finance: JET.V News

Global Crossing Airlines Adds Senior Airline IT Executive Edgar Green

GlobalX will fully digitize to drive maximum efficiency and performance Miami, Florida--(Newsfile Corp. - August 5, 2020) -  Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") is pleased to announce the appointment of Mr. Edgar Green as Head of Information Technology (IT).Mr. Green comes to GlobalX with over fifteen years of direct low cost airline related IT experience with two major US LCC airlines. Mr. Green spent over seven years ...

2020-08-05 - Yahoo! Finance: TLG.TO News

Troilus Awarded ECOLOGO Certification for Responsible Development for Mineral Exploration Companies

TORONTO, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the “Company”) is proud to announce that it is the first mineral exploration company to obtain certification for UL 2723: ECOLOGO Certification Program for Mineral Exploration Companies (the “ECOLOGO Certification”). The Quebec Mineral Exploration Association (“QMEA”) launched a standard in November 2019 to recognize and promote environmental, social and economic best practices: the first certification of its kind for mineral exploration companies. The standard was adapted by Underwriters Laboratories (“UL”) to create the ECOLOGO Certification, which enables companies to communicate their commitment to the environment, human health, well-being of the community, and fair economic practices to both investors and stakeholders. UL, accredited by the Standards Council of Canada (SCC), is an independent, safety testing, certification and inspection organization with a trusted name for more than 125 years.Troilus CEO and Director Justin Reid commented, “Being the first mineral exploration company to be awarded ECOLOGO Certification is a proud achievement for our company. Troilus benefits from a legacy of environmental stewardship, strong community ties and a commitment to sustainable development that we intend to continue as we move the project forward. The ECOLOGO certification demonstrates to our stakeholders and investors that a trusted third party has carefully evaluated our operations and procedures to validate our sustainable practices. We view our commitment to environmental, social and economic best practices as essential to building a successful company.”Valérie Filion, Executive Director of QMEA stated “The Quebec Mineral Exploration Association congratulates Troilus Gold Corp. for its ECOLOGO certification related to responsible development for mineral exploration companies. Troilus is the first mineral exploration company to complete all the necessary steps to comply with this new certification. This responds to the growing concern of stakeholders and investors towards our industry with regard to environmental standards and social acceptability of projects’’.For more information on Sustainability at Troilus, please visit our website at www.troilusgold.comAbout 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 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.About ULUL helps create a better world by applying science to solve safety, security and sustainability challenges. We empower trust by enabling the safe adoption of innovative new products and technologies. Everyone at UL shares a passion to make the world a safer place. All of our work, from independent research and standards development, to testing and certification, to providing analytical and digital solutions, helps improve global well-being. Businesses, industries, governments, regulatory authorities and the public put their trust in us so they can make smarter decisions. To learn more about the ECOLOGO Certification Program for Mineral Exploration, visit Canada.UL.com/explore. To learn more about our non-profit activities, visit UL.org.About the Quebec Mineral Exploration Association (QMEA)  The Quebec Mineral Exploration Association (QMEA) is a professional and industrial organization that represents players in Quebec’s mining sector. Founded in 1975, the Association’s mission is to promote sustainable, responsible exploration of Quebec’s mineral resources and their vital contribution to the economy. It currently gathers 1200 individual members and 200 corporates members. The Association provides a personalized coaching program and tools for companies wishing to adhere to the ECOLOGO certification. Please visit aemq.org/certification to learn more about this program.For more information:Justin Reid Chief Executive Officer +1 (647) 276-0050 x 1305 Justin.reid@troilusgold.comPaul Pint President +1 (416) 602-1050 paul.pint@troilusgold.com Cautionary Note Regarding Forward-Looking Statements and Information 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 and implications of the ECOLOGO Certification on the Company, the growth potential and 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 anticipated timing of the  Preliminary Economic Assessment; the timing and amount of estimated future exploration; the anticipated results of the Company’s planned 2020 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; and the anticipated timing of filing the Technical Report. 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: the impact the COVID 19 pandemic may have on the Company’s activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on gold and other metals;   there being no assurance that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to mineral resource estimates; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry, including without limitation, risks and uncertainties discussed in the latest annual information form of the Company, in the Technical Report to be filed 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.

2020-08-05 - Yahoo! Finance: ATY.V News

Atico Continues to Intercept Bonanza Grades Including 6.8 Meters of 19.5g/t Au, 224g/t Ag, 12.2% Cu, and 3.7% Zn at La Plata VMS Project, Ecuador

VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to report additional high grade drill results from its 10,000 meter drilling program on the La Plata property in Ecuador. Today’s results are from 3 holes completed in the South Block as the drill program continues to confirm and expand the La Plata mineralized footprint with bonanza grades gold & copper intercepts encountered within larger massive sulfides lenses.La Plata Drilling Highlights Include:Hole From (m)To (m)Interval (m)Au (g/t)Ag (g/t)Cu (%)Zn (%) CMLP-20-107242.49 248.155.664.14137.111.076.10 Including242.49 243.531.046.62359.002.3014.90 Including243.53245.201.677.32224.001.345.64 CMLP-20-110341.28348.126.8419.54223.9812.193.70 Including341.28344.002.7245.51478.8617.343.71 True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 76% and 83% of the drill intercept.Infill Drilling Program The infill and step-out drilling program has been implemented to upgrade and potentially expand resources of the La Plata project. Two drill rigs are currently active on the project with one rig currently starting to drill on the North Block in order to in-fill and potentially grow the La Plata resource.The three diamond drill holes reported today successfully demonstrated the thickness and continuity of the La Plata VMS lenses, as well as potential expansion of the mineralized envelope of the South Block. * Hole CMLP-20-107 was collared above the known VMS envelope and reported good values of precious and base metal grades within massive to semi-massive sulfides over a 5.66 meter intercept mineralised mostly by sphalerite. * Hole CMLP-20-108, drilled for infill purposes in the South Block, demonstrated continuity of the mineralization with an intercept of 5.22 meters composed of both VMS and stockwork also dominated by sphalerite. * Hole CMLP-20-110, in addition to intercepting a high-grade VMS zone within the South Body, cut a second intercept 10 meters below the main zone with 5.48 meters of mineralized stockwork.The Company also reports that it continues to intercept visible massive and semi-massive sulfide mineralization as the ongoing drilling program continues, the core is currently being sent to the lab for analysis and will be released in due course. This current step-out drilling is targeting potential new zones that may lead to further extensions of the South Block mineralized envelope. Additional drill holes are planned to continue testing VMS mineralization outside of the known envelope and along strike of the La Mina area. This includes stepping out towards the north to further test the Guatuza target area which reported high grade values from the earlier trenching program. The 2020 exploration program on the La Plata property, as well as the El Roble drilling program are both fully funded from the highly profitable El Roble mining operation in Colombia.Infill Drill Program Assay Results:    Intercept*       Hole IDAzimuth (°)Dip (°)Total Length (m)From (m)To (m)Interval (m)Au (g/t)Ag (g/t)Cu (%)Pb (%)Zn (%)  CMLP-20-107318-57254.97242.49248.155.664.14137.111.072.206.10  Including   242.49243.531.046.62359.002.304.3314.90  Including   243.53245.201.677.32224.001.341.375.64  CMLP-20-108285-67388.00381.34386.565.223.9977.990.220.882.18  Including   381.34382.961.629.15200.000.612.246.02  CMLP-20-110308-74370.00341.28348.126.8419.54223.9812.190.333.70  Including   341.28344.002.7245.51478.8617.340.553.71  and   357.40362.885.480.435.351.030.030.65  True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 76% and 83% of the drill intercept.La Plata ProjectGold-bearing sulphide mineralization at La Plata occurs as compositional banding composed of chalcopyrite, sphalerite and pyrite laminae with barite occurring as clasts and also as layers. The mineralised lenses have also been dislocated by a few faults and dolerite dikes cutting the body.The La Plata project is amongst the highest-grade gold-copper VMS deposits in which base and precious metal mineralization is interpreted to have formed as part of multiple volcanic episodes that created a stacked volcanic-exhalite hydrothermal sequence considered favorable for hosting additional VMS lenses. The recent drilling results in the southern portion of the deposit have encountered deeper mineralisation, and an extension of mineralisation to the north has been discovered by recent trenching results.The La Plata independent Preliminary Economic Assessment (“PEA”) dated March 30th 2019, was prepared pursuant to National Instrument 43-101 (“NI 43-101”) and reports the La Plata inferred resources at 1.9 million tons at an average grade of 4.1 g/t Au, 49.4g/t silver, 3.3% Cu, 4.5% Zn, 0.6% Pb as available on SEDAR.The La Plata project consists of two concessions covering a total area of 2,300 hectares along its 9-kilometer length, which contains known mineralization in two VMS lenses and nine priority exploration targets.The Company has a binding option agreement with a private Ecuadorean company to earn up to 75% in the La Plata project, of which the first option to acquire the initial 60% ownership has been exercised. Please refer to the Company’s MD&A for the year ended December 31, 2019 for further details.Quality Assurance & Quality ControlBefore sampling, a centreline, representing bottom of hole (or a reference line when this is not known) is marked on the drill core. The core is cut and sampled, always sampling the right-hand side of the drill core. Samples are selected based on logged geological features, such as rock type, mineralization, alteration, veining etc. Sample length does not exceed 2.5 m nor is smaller than 20 cm. A total of 10% of the samples submitted are certified blanks and standards and field duplicates with, as a minimum, one blank submitted at the beginning of each sample batch. Certified standards are submitted at an average of 6% of the samples submitted. Field duplicates are taken at a rate of 1 in 20 of the samples taken. For all drill holes, analysis was completed by ALS Chemex in North Vancouver with sample preparation completed in Quito. The lab is accredited with International Standards ISO/IEC 17025:2005 and ISO 9001:2015.All major ALS Geochemistry analytical laboratories are accredited to ISO/IEC 17025:2005 for specific analytical procedures.Qualified PersonDr. Michael Druecker, CPG, is a qualified person under NI 43-101 standards and independent of the company, is responsible for ensuring that the information contained in this news release is an accurate summary of the original reports and data provided to or developed by Atico Mining Corporation. Dr. Druecker has approved the scientific and technical content of this news release.About Atico Mining Corporation Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing it’s high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.ON BEHALF OF THE BOARDFernando E. Ganoza CEO Atico Mining CorporationTrading symbols: TSX.V: ATY | OTC: ATCMFInvestor Relations Igor Dutina Tel: +1.604.633.9022Neither 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.No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered 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 in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.Cautionary Note Regarding Forward Looking StatementsThis announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. 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. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting anticipated program milestones for the Company’s mineral projects; the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the coronavirus pandemic is minimized or not long-term; disruptions related to the COVID-19 pandemic or other health and safety issues, or the responses of governments, communities, the Company and others to such pandemic or other issues; and other risks and uncertainties disclosed under the heading “Risk Factors” in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com

2020-08-05 - Yahoo! Finance: AWX.V News

ArcWest Announces $1,825,000 Financing

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - ArcWest Exploration Inc. (TSXV: AWX) ("ArcWest" or the "Company") is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of up to $1,825,000 through the issuance of up to 18,250,000 units (each a "Unit") at a price of $0.10 per Unit (the "Offering"). Each Unit consists of one common share of the Company, and one half of a ...

2020-08-05 - Yahoo! Finance: FRE.V News

Fremont Completes Phase 1 Drill Program at Griffon Gold Project; Assays Pending

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR2) ("Fremont" or the "Company") is pleased to announce that yesterday the Company completed the phase 1 drill program at the past producing Griffon gold project, located at the southern end of the Cortez Trend, Nevada (see Figure 1). The Cortez Trend is one of the most prolific gold trends in the world and is home to ...

2020-08-05 - Yahoo! Finance: AUU.V News

Aura Announces Name Change to Gold79 Mines Ltd., Continuance to British Columbia, Launches New Website and Provides Corporate Update

Ottawa, Ontario--(Newsfile Corp. - August 5, 2020) - Aura Resources Inc. (TSXV: AUU) ("Aura" or the "Company" or "Gold79") is pleased to announce that pursuant to a resolution passed by its board of directors on July 28, 2020, the Company has changed its name to "Gold79 Mines Ltd.". There is no consolidation of capital associated with the name change. Effective at the opening on Wednesday, August 5, 2020, the common shares of Gold79 will ...

2020-08-05 - Yahoo! Finance: PEMC.V News

Pacific Empire Commences Drilling at Worldstock Copper-Gold Property

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a hybrid prospect generator focused in British Columbia, is pleased to announce the start of reverse circulation ("RC") drilling activities at the Worldstock Property in south-central British Columbia, 95 kilometres north of the city of Kamloops and 25 kilometres west of Taseko Mines Ltd.'s Yellowhead Copper Project.The Company will be ...

2020-08-05 - Yahoo! Finance: MMS.V News

Macarthur engages global investor relations consultancy Advisir

VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) has engaged global strategic consultancy, Advisir to manage Australian investor relations, media relations and marketing services for the Company. The engagement terms with Advisir will be via an undisclosed nominated monthly fee.Cameron McCall, President and Executive Chairman of Macarthur Minerals commented: “The appointment of Advisir to manage Macarthur’s Australian investor relations, media relations and marketing will be key element in ensuring the Company’s story and value proposition is understood by the market.  Following Macarthur’s recent dual listing on ASX, it is important that our growing investor base fully understands the significance of our material steps towards production, and the opportunities that can benefit Western Australia following successful delivery of the Lake Giles Iron Project. As an emerging producer, Macarthur has an opportunity to create clear points of difference in the delivery of the Lake Giles Iron Project.  By employing an innovative spirit and proven technology solutions in all that we do, we aim to become a leader in developing responsible, respectful and sustainable mining projects that really benefit Australia.With Advisir’s reach and approach to engagement, we are confident that the Macarthur story will cut through as we continue our aspirational climb to become ‘the best little mining company in the West’.”On behalf of the Board of Directors, Mr Cameron McCall, Executive ChairmanFor more information please contact:    Joe Phillips CEO & Director +61 7 3221 1796 communications@macarthurminerals.com     Investor Relations – Australia Advisir Sarah Lenard, Partner sarah.lenard@advisir.com.auInvestor Relations - Canada Investor Cubed Neil Simon, CEO +1 647 258 3310 info@investor3.ca    About Advisir Advisir is one of the world’s largest strategic investor relations consultancies disrupting the ‘traditional’ way publicly listed companies and wealth brands think about their investor engagement. We operate at the intersection of consulting, behavioural finance and digital strategy. Our platforms reach over 2.5 million investors every month, giving our clients the unique opportunity to tell their story to one of the largest investor audiences across the globe and deliver insights and analytics that enhance investor engagement. For more information visit www.advisir.com.au.Company profile Macarthur 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 Moonshine magnetite resource of 710 million tonnes (Inferred). Macarthur has prominent (~721 square kilometer 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 StatesCaution 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; granting of mineral tenure to facilitate infrastructure proposed; the ability to enter into a commercial rail access agreement 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; future changes in rail network capacity and demand; failure to complete the FS; failure to receive mineral tenure for infrastructure; and failure to obtain mining approvals under the Mining Act; inability to negotiate access to tenure at the Port of Esperance.  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.

2020-08-05 - Yahoo! Finance: ECC.V News

Ethos Establishes New Technical Advisory Team, Stakes District Scale Gold Projects in Quebec and Ontario, Announces Financing

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) -  Ethos Gold Corp. (TSXV: ECC) ("Ethos" or the "Company") is pleased to announce that Rob Carpenter, Ph.D., P.Geo. has joined the Company as Chief Technical Advisor. He will lead a new highly experienced technical advisory team which includes Dr. Robert Brozdowski, Dan MacNeil M.Sc., and Dr. Alan Wainwright. As CEO of Kaminak Gold Corporation, Rob led the Kaminak team from initial listing in 2005 through ...

2020-08-05 - Yahoo! Finance: SEA.TO News

Seabridge Gold Mobilizes for Snowstorm Drill Campaign

2020 Drilling to follow-up on confirmed host stratigraphy and new structures Toronto, Ontario--(Newsfile Corp. - August 5, 2020) - Seabridge Gold (TSX: SEA) (NYSE: SA) said today it is finalizing plans for a follow-up drill program at its 100%-owned Snowstorm Project in Northern Nevada to begin later this month. Prior work has determined that the project, located 6 kilometers north of Twin Creeks and 15 kilometers northwest of Turquoise Ridge, has the permissive stratigraphic ...

2020-08-05 - Yahoo! Finance: IPT.V News

IMPACT Silver Announces Upsize to Previously Announced Brokered Financing to C$7.0 Million

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) -  IMPACT Silver Corp. (TSXV: IPT) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce that, due to strong investor demand, it has agreed with Red Cloud Securities Inc., as lead agent and sole bookrunner (the "Lead Agent"), on behalf of a syndicate, including Canaccord Genuity Corp. and Mackie Research Capital Corporation (together with the Lead Agent, the "Agents"), in connection with the previously ...

2020-08-05 - Yahoo! Finance: BAY.V News

150 m Extension to Gold-bearing Buckingham Vein Revealed as Aston Bay Holdings Completes Phase 2 Drilling at its Buckingham Gold Project, Virginia, USA

(TSX-V:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased announce that it has completed Phase 2 of the Company's 2020 diamond drill program at its Buckingham Gold Property located in Central Virginia, USA (see March 24, 2020 Aston Bay press release).

2020-08-05 - Yahoo! Finance: OSI.V News

Osino Resources Completes IP Survey Identifying Five New Drill Ready Targets and Substantially Increases 2020 Drill Program at Twin Hills Gold Project, Namibia

Figure 1 Twin Hills IP Survey and Drill Target planning for 2020 * Twin Hills IP survey results surpass expectations producing five large, new drill-ready IP targets * Highly compelling anomalies due to consistency with known geology, structure and geochemistry * Some of the new targets were not previously seen in the ground magnetic data, indicating potential for significant additional mineralization in this growing gold camp * Existing targets at Twin Hills Central and Clouds were extended, and parallel trend zones identified south and north of Twin Hills Central in areas that have never been drilled before * On the strength of the IP survey results, Osino is going ahead with an expanded exploration drill program at Twin Hills that will cover the new IP targets as well as magnetic and geochemical targets not tested to date * The expanded program will add approximately 5,000m of diamond drilling, 8,000m of RC drilling and up to 10,000m of percussion drilling for bedrock samples. This drilling is in addition to the 20,000m of diamond drilling which Osino is currently undertaking. * Four diamond rigs are active on site with an additional two RC rigs expected shortly, bringing the total to six drill rigs operating continuously at Twin Hills until the end of this year and into next year. * The next batch of drill results is expected to be announced before the middle of August 2020VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV: OSI) (FSE: RSR1) ("Osino” or “the Company”), is pleased to announce the completion of an Induced Polarization (IP) survey over the Twin Hills Project covering a total of 16km2. The survey has outlined a number of new drill targets below the calcrete cover as well as extended and amplified the scale of known targets previously indicated by gold-in-calcrete, and magnetic anomalies.The gradient array IP survey was completed over two months by contractors Greg Symons Geophysics (GSG) Namibia. It was carried out in a series of layout blocks 1 x 1 to 2 x 2km in area, then stitched together and levelled. The survey area covers most of the buried, prospective geology at Twin Hills and has added a valuable new layer of data, which directly detects sulphide mineralization associated with gold and enhances the geological mapping confidence.Dave Underwood, Osino’s VP Exploration commented: “We believe that there is a very significant amount of additional mineralization to be found at the Twin Hills project as much of the 11km of strike and structure parallel to Twin Hills Central has not been tested yet. The entire Twin Hills area is covered by calcrete and windblown sand, and it is thus imperative to use geophysical techniques as we initially did with the ground magnetic survey. IP is an additional such tool which has enabled us to gather another layer of data on the subsurface geology and mineralization before embarking on this follow-on drill program to test these areas. The IP survey started with orientation work over known mineralization at Twin Hills Central, which confirmed that the IP was identifying sulphide mineralization associated with gold below thick calcrete cover, and this gave us the confidence to survey the entire Twin Hills area.” He continued: “The results produced have far exceeded our expectations and everyone is very excited about the identified new targets which include large, strong chargeability anomalies at The Dex, T Dog and South Dog, which have a similar size and shape IP response to Twin Hills Central. We are currently gearing up to bring in additional RC and percussion rigs to get started on these exciting new targets in August.’’Osino’s Twin Hills gold camp is largely covered by calcrete and windblown sand, rendering mapping and conventional surface exploration techniques ineffective. After completing a large-scale regional geochemical sampling program during 2017 and 2018, Osino utilized the publicly available, high-quality government magnetic data to identify and outline the large, regional-scale Karibib Fault structure, and then completed a detailed ground magnetic survey which detected coincident magnetic sulphide mineralization. These magnetic targets coincident with gold-in-calcrete anomalies were drilled during mid-2019, leading to the discovery of Twin Hills Central.However, non-magnetic sulphide arsenopyrite, which is strongly associated with known gold, is not detectable with magnetic surveying. The addition of the IP data allows the detection of such non-magnetic disseminated sulphide mineralization.Figure 1: Twin Hills IP Survey and Drill Target planning for 2020 https://www.globenewswire.com/NewsRoom/AttachmentNg/0819420c-25ce-43b7-b311-25b6dfbc2823As Figure 1 indicates, the IP survey has been effective in identifying a number of compelling new targets that are consistent with geology, structure and gold-in-calcrete geochemistry. Initial orientation work, including defining the physical properties of the mineralized rocks, confirmed the correlation between IP anomalies and gold-bearing sulphide mineralization.Osino is therefore confident that these targets should be tested immediately and is in the process of lining up RC and percussion drill rigs to complete this work. New IP Anomaly TargetsA number of new targets have been defined by high chargeability anomalies in the IP data, similar in form and intensity to Twin Hills Central (refer to Figure 1). Exploration targets have been prioritized according the strength of the IP anomaly, coincidence with gold-in-calcrete and magnetic anomalies, as well as the geological and structural setting. The higher priority targets include the following: * T-Dog: Strong IP anomaly 700m long and 200m wide. Coincides with strong gold-in-calcrete geochemistry and a moderate magnetic anomaly. Occurs along strike westwards from Twin Hills East, where drilling in 2018 intersected mineralized biotite schist. Will be tested by two lines of diamond drilling. * South Dog: Moderate IP anomaly with a distinct bend (fold) in it, coincident with both magnetic and gold-in-calcrete anomalies over 800m in length. South Dog appears to be in the same stratigraphic horizon as Twin Hills Central and will be tested by three lines of RC drilling. * The Dex: Moderate IP and gold-in-calcrete anomaly which covers an area of 1,200m x 600m and has a similar fold shape to the Twin Hills Central IP anomaly. Lithology is unknown at this stage but likely to be greywacke. Will be tested by one line of diamond and two lines of RC drilling. * Clouds Extension/Cumulus: The previously identified Clouds magnetic target has been upgraded to a 1,400m long, continuous anomaly by the strong IP response coinciding with strong gold-in-calcrete geochemistry. The lithology is greywacke and the target will be tested by four additional lines of diamond drilling. The Cumulus target is a smaller IP anomaly approximately 500m to the north of Clouds on a parallel structure. The Cumulus target and the parallel trend will be tested by a single line of RC drilling and two lines of bedrock sampling. * Road: Strong IP anomaly 1 km south of Twin Hills Central near the access road from Karibib. The target is mineralization on, or near, the faulted contact between schists and marbles to the south. It will be tested by a line of diamond drilling and a line of bedrock sampling.Osino plans to immediately initiate an expanded drill program comprising various drill techniques to fast-track the five priority and drill-ready targets identified during the IP survey.Expanded Drill ProgramAn additional 5,000m of diamond drilling has been added to the existing 20,000m diamond drill program to cover the highest priority IP targets as well as extensions to known mineralization. These include T-Dog, Clouds, The Dex and Road. These inclined holes will be drilled on fence lines with collars spaced 100m apart and a depth of at least 200m.A further 8,000m of RC drilling utilizing 200m deep inclined holes at 100m line spacing will be completed across moderate IP anomalies supported by geochemistry and/or magnetics. This layout provides continuous coverage of the geology and mineralization along the fence lines with the objective of drilling gold bearing intercepts in the new targets. RC drilling is applied in preference to diamond drilling on the larger of the moderate strength IP targets, as it is faster and cheaper. This will be focused particularly on along-strike extensions of Twin Hills Central, as well as to the immediate south of Twin Hills Central, where possible fault repetition of the mineralized horizon has occurred.An additional 10,000m of percussion drilling is scheduled for other moderate priority IP anomalies in order to assist with identifying mineralization which does not outcrop against the bottom of the calcrete cover due to faulting. These holes will be drilled on fence lines with collars 50m apart with depths varying depending on the thickness of the calcrete (average 25m) for an expected total of approximately 10,000 m. The objective of this drilling is to define new bedrock anomalies, which can then be followed-up with RC and diamond drilling.This method was used with great success in 2019 to define the Twin Hills Central target before the initial diamond drill program.Details of IP Survey at Twin HillsPrior to the award of the IP survey contract, a downhole physical properties probe was employed to test key drill holes and confirm that the disseminated sulphide mineralization associated with the gold produces a chargeability anomaly which could be detected in an IP survey. The physical properties data clearly showed that disseminated pyrrhotite and arsenopyrite mineralization (which is associated with gold) produces a strong chargeability anomaly.The gradient array (GA) survey was carried out in a series of 1km x 1km to 2km x 2km setups, then stitched together and levelled. An IP survey produces two sets of data namely chargeability and resistivity. The chargeability is of particular use in the Twin Hills setting, as it directly detects the disseminated sulphide mineralization, which has the ability to hold a measurable charge. The resistivity data is also of value as it allows the differentiation of some of the covered sedimentary units.The initial part of the IP survey was an orientation survey over known (drilled) mineralization at Twin Hills Central to confirm the effectiveness of the gradient array set up.  The known mineralization produced a strong chargeability anomaly and the decision was therefore taken to survey the entire Twin Hills area for a total of 16 km2.Of particular importance is that the IP survey has produced new targets that were not visible in the ground magnetic data that was previously used for detection of buried sulphide mineralization. The dominant sulphide mineral at Twin Hills is pyrrhotite, a high temperature, magnetic iron sulphide. However, the gold is more closely associated with arsenopyrite, which is non-magnetic.Geological SettingThe Twin Hills Project lies within the Kuiseb Formation, a sequence of metamorphosed turbiditic sediments several kilometers thick, which was tightly folded during the Damaran Orogen. The gold mineralization at Twin Hills Central is hosted in an interbedded unit of meta-greywacke and schist on the southern margin of the Karibib Basin between the Karibib Fault and the Dobbelsberg Dome. The gold mineralization is associated with silica and sulphide alteration occurring both as disseminated grains as well as in centimeter scale veinlets.The interbedded meta-greywacke unit is underlain by partially mineralized biotite schist and barren cordierite schist. Sulphide minerals include pyrrhotite, arsenopyrite and pyrite in veinlets and as disseminated alteration. Geochemical data indicates a strong correlation between gold and arsenopyrite within the meta-greywacke unit.Quality AssuranceThe Induced Polarization (IP) and Resistivity data on the Twin Hills Project was collected by Gregory Symons Geophysics (GSG) (SP). GSG has been active in Southern Africa and Namibia since 2002 in the collection and interpretation of geophysical data specializing in Electro-Magnetics (EM), Induced Polarization and Resistivity, Natural Source Magneto-Tellurics (NSAMT) and Gravity. Surveys have been performed in support of major mining projects such as Navachab Gold, Otjikoto Gold, Husab Uranium, and Skorpion Zinc as well as assisting in exploration for the major and junior exploration companies throughout Southern, Central and Eastern Africa. Qualified PersonDavid Underwood, BSc. (Hons) is Vice President Exploration of Osino Resources Corp. and has reviewed and approved the scientific and technical information related to geology and exploration in this news release. Mr. Underwood is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No.400323/11) and a Qualified Person for the purposes of National Instrument 43-101.About Osino ResourcesOsino is a well-financed Canadian gold exploration company with an active exploration program across our large Namibian ground position. Osino’s focus in 2020 is on defining and expanding our exciting new Twin Hills gold discovery within the developing Karibib Gold District. Twin Hills is a large, sediment-hosted, structurally controlled orogenic gold system, buried under approximately 20m of calcrete and windblown Kalahari sand and was discovered by Osino in 2019 following a systematic & innovative exploration campaign and the application of solid geological science.Osino is also advancing a range of other gold prospects and targets across our approximately 7,000 km2 ground position by utilizing a portfolio approach geared towards discovery.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 INFORMATION Osino Resources Corp. Heye Daun: CEO Tel: +27 (21) 418 2525 hdaun@osinoresources.comJulia Becker: Investor Relations Manager Tel: +1 (604) 785 0850 jbecker@osinoresources.comNeither 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.

2020-08-05 - Yahoo! Finance: AUL.V News

Aurelius Minerals Reports 65.2 g/t Gold Over 2.1 Metres, Including 479 g/t Gold Over 0.3 Metres in Sampling Previously Unsampled Drill Core from Its Recently Acquired Aureus West Property

Toronto, Ontario--(Newsfile Corp. - August 5, 2020) - Aurelius Minerals Inc. (TSXV: AUL) ("Aurelius" or the "Company") is pleased to announce assay results from hole 10-SR-111, the first of 18 previously drilled and unsampled holes, from 2009 and 2010 drilling on the recently acquired Aureus West property. Hole 10-SR-111 was drilled to a depth of 122 metres (m) and represents the first of over 2,700m of recently located unassayed core. The Company became ...

2020-08-05 - Yahoo! Finance: MQR.TO News

Monarch Gold Commences Trading on the OTCQX Market

MONTREAL, QUEBEC / ACCESSWIRE / August 5, 2020 / MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX:MQR)(OTCQX:MRQRF)(FRANKFURT:MR7) is pleased to announce that the Corporation has qualified to trade on the OTCQX® Best Market.

2020-08-05 - Yahoo! Finance: MQR.TO News

Monarch Gold Commences Trading on The OTCQX Market

MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCQX: MRQRF) (FRANKFURT: MR7) is pleased to announce that the Corporation has qualified to trade on the OTCQX® Best Market. Monarch upgraded to the OTCQX market from the Pink® market.

2020-08-05 - Yahoo! Finance: MQR.TO News

OTC Markets Group Welcomes Monarch Gold Corporation to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Monarch Gold Corporation (TSX: MQR; OTCQX: MRQRF), a gold exploration company, has qualified to trade on the OTCQX® Best Market. Monarch Gold Corporation upgraded to OTCQX from the Pink® market.

2020-08-05 - Yahoo! Finance: BIP-UN.TO News

Brookfield Infrastructure Reports Second Quarter 2020 Results

BROOKFIELD, NEWS, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced its results for the second quarter ended June 30, 2020. “Our business has performed well during the quarter, reflecting the critical nature of our assets and the regulated and contractual frameworks that support them,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure Partners. “We are optimistic that the economic recovery will continue for the balance of 2020. Our strong liquidity position and access to capital gives us confidence as we evaluate a number of attractive investment opportunities.”  For the three months ended June 30 For the six months ended June 30 US$ millions (except per unit amounts), unaudited1 2020  2019 2020  2019 Net income2$(61)$98$58 $128 – per unit3,4$(0.25)$0.11$(0.12)$0.06 FFO5  $333 $337$691 $688 – per unit (split-adjusted)6$0.72 $0.76$1.49 $1.55 Underlying results for the partnership benefitted from inflation-indexation, capital commissioned into earnings in the last 12 months as well as the benefit of our asset rotation strategy. These positive factors were more than offset by fair value adjustments related to our corporate hedging program which totaled nearly $90 million for the quarter compared to gains of approximately $35 million in the same period of 2019. This led to a net loss for the three-month period ended June 30, 2020 of $61 million compared to net income of $98 million in the prior year.During the second quarter, our business generated Funds from Operations (FFO) of $0.72 on a per unit basis, down 5% from the prior year. The single largest impact on quarterly performance was the 27% depreciation of the Brazilian real which reduced FFO by $30 million. Adjusting for this alone, FFO per unit would have increased 3% compared to the prior year. Results for the quarter benefited from our capital recycling strategy. We deployed $1.2 billion of capital over the last 12 months at an average going-in FFO yield of 12%. These new investments were primarily funded with $1 billion of proceeds from asset sales and refinancing transactions. These positive factors were offset by lower market sensitive revenues, which were concentrated in our transport segment because of temporary lockdown measures. Overall, the impact of the economic shutdown reduced FFO by $27 million, with most of this being timing related and therefore not a permanent loss. Segment Performance Our utilities segment generated FFO of $130 million, compared to $143 million in the prior year. Results reflected a higher rate base due to inflation-indexation and approximately $280 million of capital commissioned in the last 12 months. This segment also benefited from the contribution from our North American regulated gas transmission business acquired last October. These contributions were more than offset by a delay in the recognition of connections revenue at our U.K. regulated distribution business, the loss of earnings associated with the sale of an electricity distribution utility in Colombia and the impact of the weaker Brazilian real.FFO from our Transport segment was $108 million compared to $135 million in the prior year. Results reflected higher volumes across our Australian and Brazilian rail networks, as well as the contribution from our recently acquired North American rail operation. These positive factors were more than offset by the loss of earnings associated with the sale of a European port business and the partial sale of our interest in our Chilean toll road operation. Results were also affected by a weaker Brazilian real and lower volumes following government-imposed lockdowns, which together reduced results by $29 million. Among these factors, (i) foreign exchange accounted for $14 million and (ii) $13 million relates to lower volumes at our toll roads, for which we expect to be compensated, based on force majeure protections and ongoing dialogue with local regulators. The true economic impact from the downturn is therefore limited to $2 million (or less than 1% of BIP’s total FFO) in our port operations.Our energy segment generated FFO of $106 million compared to $96 million in the prior year. Performance was insulated from the current economic environment, as over 75% of cash flows are underpinned by take-or-pay contracts with an average maturity of 11 years. Results benefited from higher transport volumes at our North American natural gas pipeline, over 55,000 new customers at our North American residential infrastructure business and the contribution from the federally regulated portion of our western Canadian midstream business acquired in December. These contributions were partially offset by the loss of income associated with the sale of our Australian district energy operation completed last November.FFO from our data infrastructure segment was $43 million, which was 43% higher than the prior year. Our French telecom business benefited from inflationary price increases and our build-to-suit tower program, which has added over 200 new sites. Results also reflected the contribution of earnings associated with recently acquired data transmission and distribution operations in New Zealand and the United Kingdom.The following table presents FFO by segment: For the three months ended June 30  For the six months ended June 30   US$ millions, unaudited 2020  2019  2020  2019  FFO by segment             Utilities$130  $143 $276 $280  Transport 108  135  228  274  Energy 106  96  221  203  Data Infrastructure 43  30  85  58  Corporate (54) (67) (119) (127) FFO$333 $337 $691 $688  Update on Strategic Initiatives During the quarter, we made progress on several initiatives: 1. North American Electricity Transmission – The sale of our North American electricity transmission operation closed in July, resulting in $60 million of proceeds to BIP and an IRR of 21%. We are advancing two other asset sale processes that we expect will generate over $700 million of additional liquidity. We believe that essential and de-risked infrastructure businesses that performed uninterrupted throughout this recent period will attract strong interest at premium prices. 2. Indian Telecom Towers – The closing of our large-scale acquisition of 130,000 telecom towers in India from Reliance Jio is expected shortly. We have received positive feedback recently from Indian regulators that the remaining approvals are on track. Since we signed our deal, Reliance Jio has raised approximately $20 billion of equity capital from technology companies and private equity investors which has further solidified the credit quality of our anchor tenant. We will invest approximately $500 million of equity (BIP’s share) in the business. 3. Capital Market Investments – During the broad market sell-off in March, we acquired stakes in several high-quality infrastructure companies at attractive entry points. The ensuing rebound allowed us to monetize some of our positions and realize substantial profits in a short period of time. We have fully exited a number of these investments, realizing total profits of approximately $40 million (BIP’s share – approximately $25 million). We continue to accumulate positions in a handful of companies that we hope will lead to broader strategic initiatives in time. 4. U.S. Midstream – Dislocation in North American energy markets may provide unique opportunities to invest at value. Our focus is on highly contracted businesses with solid counterparties, limited exposure to volume and pricing risk and long-life, critical infrastructure that complements our existing operations. We believe several opportunities exist to implement this strategy, both in the public and private markets.Lastly, we are very pleased with the market’s response thus far to Brookfield Infrastructure Corporation (BIPC). Not only has there been significant demand for these shares but BIPC was also recently added to the Russell 2000 Index. We intend to support the growth of BIPC’s public float to improve the company’s trading liquidity, and recently completed our first initiative in this regard in coordination with Brookfield Asset Management, who agreed to sell a portion of its holdings in BIPC. This successful secondary offering in Canada increased the public float of BIPC by approximately 15%. Board of Directors UpdateAfter 13 years on the Board of Brookfield Infrastructure, the vast majority as Chairman of the Board, Derek Pannell has stepped down from his current role as Independent Director and will be retiring. Anne Schaumburg, Chair of the Board, stated, “I would like to thank Derek Pannell for his countless contributions to the Board over the past 13 years. His commitment to the success of Brookfield Infrastructure has been invaluable.”Distribution and Dividend Declaration The Board of Directors has declared a quarterly distribution in the amount of $0.485 per unit, payable on September 30, 2020 to unitholders of record as at the close of business on August 31, 2020. The regular quarterly dividends on the Cumulative Class A Preferred Limited Partnership Units, Series 1, Series 3, Series 5, Series 7, Series 9 and Series 11 have also been declared, as well as the dividend for BIP Investment Corporation Senior Preferred Shares, Series 1. In conjunction with the Partnership’s distribution declaration, the Board of Directors of BIPC has declared an equivalent quarterly dividend of $0.485 per share, also payable on September 30, 2020 to shareholders of record as at the close of business on August 31, 2020.Additional InformationThe Board has reviewed and approved this news release, including the summarized unaudited financial information contained herein.Brookfield Infrastructure’s Letter to Unitholders and Supplemental Information are available at www.brookfield.com/infrastructure.Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at www.brookfield.com/infrastructure.Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over $525 billion of assets under management. For more information, go to www.brookfield.com.Please note that Brookfield Infrastructure Partners' previous audited annual and unaudited quarterly reports have been filed on SEDAR and Edgar, and can also be found in the shareholders section of its website at www.brookfield.com/infrastructure. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.For more information, please contact:Media: Claire Holland Senior Vice President, Communications Tel: (416) 369-8236 Email: claire.holland@brookfield.comInvestors: Rene Lubianski Managing Director, Investments Tel: (416) 956-5196 Email: rene.lubianski@brookfield.com Conference Call and Quarterly Earnings DetailsInvestors, analysts and other interested parties can access Brookfield Infrastructure’s Second Quarter 2020 Results as well as the Letter to Unitholders and Supplemental Information on Brookfield Infrastructure’s website under the Investor Relations section at www.brookfield.com/infrastructure.The conference call can be accessed via webcast on August 5, 2020 at 9:00 a.m. Eastern Time at https://edge.media-server.com/mmc/p/7pej8hpa or via teleconference at 1-866-688-9459 toll free in North America. For overseas calls please dial +1-409-216-0834, at approximately 8:50 a.m. Eastern Time. A recording of the teleconference can be accessed at 1-855-859-2056 or +1-404-357-3406 (Conference ID: 1976828).Note: This news release may contain forward-looking information within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words “will”, “target”, “future”, “growth”, “expect”, “believe”, “may”, derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release may include statements regarding expansion of Brookfield Infrastructure’s business, the likelihood and timing of successfully completing the transactions referred to in this news release, statements with respect to our assets tending to appreciate in value over time, the future performance of acquired businesses and growth initiatives, the commissioning of our capital backlog, the pursuit of projects in our pipeline, the level of distribution growth over the next several years and our expectations regarding returns to our unitholders as a result of such growth. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in the jurisdictions in which we operate and elsewhere which may impact the markets for our products and services, the ability to achieve growth within Brookfield Infrastructure’s businesses and in particular completion on time and on budget of various large capital projects, which themselves depend on access to capital and continuing favourable commodity prices, and our ability to achieve the milestones necessary to deliver the targeted returns to our unitholders, the impact of market conditions on our businesses, the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown, the availability of equity and debt financing for Brookfield Infrastructure, the impact of health pandemics such as the COVID-19 on our business and operations, the ability to effectively complete transactions in the competitive infrastructure space (including the ability to complete announced and potential transactions that may be subject to conditions precedent, and the inability to reach final agreement with counterparties to transactions referred to in this press release as being currently pursued, given that there can be no assurance that any such transaction will be agreed to or completed) and to integrate acquisitions into existing operations, the future performance of these acquisitions, changes in technology which have the potential to disrupt the business and industries in which we invest, the market conditions of key commodities, the price, supply or demand for which can have a significant impact upon the financial and operating performance of our business and other risks and factors described in the documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under “Risk Factors” in Brookfield Infrastructure’s most recent Annual Report on Form 20-F and other risks and factors that are described therein. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.References to Brookfield Infrastructure are to the Partnership together with its subsidiaries and operating entities. Brookfield Infrastructure’s results include limited partnership units held by public unitholders, redeemable partnership units, general partnership units, Exchange LP units, and class A shares of BIPC.References to the Partnership are to Brookfield Infrastructure Partners L.P.1\. Please refer to page 12 for results of Brookfield Infrastructure Corporation.2\. Includes net income attributable to limited partners, the general partner, and non-controlling interests ‒ Redeemable Partnership Units held by Brookfield, Exchange LP Units, and class A shares of BIPC.3\. Average number of limited partnership units outstanding on a time weighted average basis for the three and six-month period ended June 30, 2020 were 294.7 million and 294.1 million (2019 – 279.7 million and 278.9 million).4\. Results in a loss on a per unit basis for the six-month periods ended June 30, 2020 as allocation of net income is reduced by preferred unit and incentive distributions.5\. FFO is defined as net income excluding the impact of depreciation and amortization, deferred income taxes, breakage and transaction costs, and non-cash valuation gains or losses. A reconciliation of net income to FFO is available on page 9 of this release.6\. Average number of partnership units outstanding on a fully diluted time weighted average basis, assuming the exchange of redeemable partnership units held by Brookfield, Exchange LP units, and class A shares of BIPC for limited partnership units, as if the special distribution had been completed prior to the periods presented, for the three and six-month periods ended June 30, 2020 were 464.9 million and 464.8 million (2019 – 442.8 million and 442.9 million). Average number of units outstanding on a fully diluted time weighted average basis, excluding the impact of the special distribution, for the three and six-month periods ended June 30, 2020 were 418.4 million and 418.4 million (2019 – 398.5 million and 398.6 million). Brookfield Infrastructure Partners L.P. Consolidated Statements of Financial Position  As of US$ millions, unaudited June 30, 2020 Dec 31, 2019       Assets     Cash and cash equivalents$1,380$827 Financial assets 439 149 Property, plant and equipment 22,279 23,013 Intangible assets 12,658 14,386 Investments in associates and joint ventures 4,336 4,967 Investment properties 403 416 Goodwill 6,166 6,553 Deferred income taxes and other 3,661 5,997 Total assets$51,322$56,308       Liabilities and partnership capital     Corporate borrowings$3,074$2,475 Non-recourse borrowings 17,860 18,544 Financial liabilities 2,383 2,173 Deferred income taxes and other 9,262 10,939       Partnership capital     Limited partners 3,823 5,048 General partner 17 24 Non-controlling interest attributable to:     Redeemable partnership units held by Brookfield 1,520 2,039 Class A shares of BIPC 576 – Exchange LP units 12 18 Interest of others in operating subsidiaries 11,860 14,113 Preferred unitholders 935 935 Total partnership capital 18,743 22,177 Total liabilities and partnership capital$51,322$56,308 Brookfield Infrastructure Partners L.P. Consolidated Statements of Operating ResultsUS$ millions, except per unit information, unauditedFor the three months ended June 30   For the six months ended June 30     2020  2019   2020  2019                Revenues$1,946 $1,685 $4,142 $3,278  Direct operating costs  (1,063) (840)  (2,302) (1,638) General and administrative expense (72) (64) (133) (125) Depreciation and amortization expense (375) (323)  (775) (615)   436  458  932  900  Interest expense  (247) (241)  (529) (453) Share of earnings from associates and joint ventures 11  34  59  52  Mark-to-market on hedging items (75) 52  123   34  Other (expense) income (28) 12  (234) 22  Income before income tax 97  315  351  555  Income tax (expense) recovery             Current (55) (62) (113) (125) Deferred (8) 1  (56) (11) Net income 34  254  182  419  Non-controlling interest of others in operating subsidiaries (95) (156) (124) (291) Net (loss) income attributable to partnership$(61)$98 $58   $128                Attributable to:             Limited partners (67) 42  (15) 36  General partner 45  39  91  77  Non-controlling interest – redeemable partnership units held by Brookfield (29) 17   (8) 15  Non-controlling interest – class A shares of Brookfield Infrastructure Corporation (10) –  (10) –  Basic and diluted (loss) earnings per unit attributable to:             Limited partners1$(0.25)$0.11 $(0.12)$0.06  1.Average number of limited partnership units outstanding on a time weighted average basis for the three and six-month period ended June 30, 2020 were 294.7 million and 294.1 million (2019 – 279.7 million and 278.9 million). Earnings (loss) per limited partnership unit have been adjusted to reflect the dilutive impact of the special distribution. Brookfield Infrastructure Partners L.P. Consolidated Statements of Cash Flows US$ millions, unauditedFor the three months ended June 30  For the six months ended June 30    2020  2019  2020  2019                Operating Activities             Net income$34 $254 $182 $419  Adjusted for the following items:             Earnings from investments in associates and joint ventures, net of distributions received 27  19  72  32  Depreciation and amortization expense 375  323  775  615  Mark-to-market on hedging items, provisions and other 84  (44) 265  10  Deferred income tax expense (recovery)  8  (1) 56  11  Change in non-cash working capital, net 87  29  (13)  54  Cash from operating activities 615  580  1,337  1,141                Investing Activities             Net (investments in) proceeds from:             Operating assets —  (40) 722  (2,190) Associates —  323  —  135  Long-lived assets (266) (276) (642) (513) Financial assets (103) (39) (256) (39) Disposal of investment held on behalf of parent —  581  —  —  Net settlements of foreign exchange contracts 1   37  83  36  Cash (used by) from investing activities (368) 586  (93) (2,571)               Financing Activities             Distributions to limited and general partners (283) (251) (565) (501) Net borrowings (repayments):             Corporate 272  (965) 665  (510) Subsidiary 72  (275) 231  847  Deposit received from parent —  456  —  823  Net preferred units and preferred shares issued —  —  —  72  Net partnership units issued (repurchased) 3  2  5  (24) Capital provided by non-controlling interest, net of distributions, and other (166) (143) (958) 890  Cash (used by) from financing activities (102) (1,176) (622) 1,597                Cash and cash equivalents             Change during the period$145 $(10)$622 $167  Impact of foreign exchange on cash 9  5  (69) 8  Balance, beginning of period 1,226  720  827  540  Balance, end of period$ 1,380 $715 $1,380 $715  Brookfield Infrastructure Partners L.P. Statements of Funds from Operations For the three months ended June 30   For the six months ended June 30   US$ millions, unaudited  2020  2019  2020  2019                Adjusted EBITDA             Utilities$174 $190 $367 $371  Transport 145  184  311  373  Energy 138  123  286  250  Data Infrastructure 53  39  109  75  Corporate (72) (64) (133) (125) Total 438  472  940  944                Financing costs (148) (154) (299) (294) Other income 43  19  50  38  Funds from operations (FFO) 333  337  691  688                Depreciation and amortization (222) (234) (469) (454) Deferred taxes and other items (172) (5) (164) (106) Net income attributable to the partnership$(61)$98 $58 $128  Notes: Funds from operations in this statement is on a segmented basis and represents the operations of Brookfield Infrastructure net of charges associated with related liabilities and non-controlling interests. Adjusted EBITDA is defined as FFO excluding the impact of interest expense and other income or expenses. Net income attributable to the partnership includes net income attributable to limited partners, the general partner, and non-controlling interests – redeemable partnership units held by Brookfield, Exchange LP Units and class A shares of BIPC.  The Statements of Funds from Operations above are prepared on a basis that is consistent with the Partnership’s Supplemental Information and differs from net income as presented in Brookfield Infrastructure’s Consolidated Statements of Operating Results on page 7 of this release, which is prepared in accordance with IFRS. Management uses funds from operations (FFO) as a key measure to evaluate operating performance. Readers are encouraged to consider both measures in assessing Brookfield Infrastructure’s results. Brookfield Infrastructure Partners L.P. Statements of Funds from Operations per Unit For the three months ended June 30   For the six months ended June 30  US$, unaudited  2020  2019  2020  2019              Earnings per limited partnership unit1$(0.25)$0.11 $(0.12)$0.06 Add back or deduct the following:            Depreciation and amortization  0.48  0.53  1.01  1.03 Deferred taxes and other items  0.49  0.12  0.60  0.46 FFO per unit2$0.72 $0.76 $1.49 $1.55 1.Average number of limited partnership units outstanding on a time weighted average basis for the three and six-month periods ended June 30, 2020 was 294.7 million and 294.1million, respectively (2019 – 279.7 million and 278.9 million). Earnings (loss) per limited partnership unit have been adjusted to reflect the dilutive impact of the special distribution. 2.Average number of partnership units outstanding on a fully diluted time weighted average basis, assuming the exchange of redeemable partnership units held by Brookfield, Exchange LP Units, and class A shares of BIPC for limited partnership units, as if the special distribution had been completed prior to the periods presented, for the three and six-month periods ended June 30, 2020 was 464.9 million and 464.8 million, respectively (2019 – 442.8 million and 442.9 million). Average number of units outstanding on a fully diluted time weighted average basis, excluding the impact of the special distribution, were 418.4 million and 418.4 million (2019 – 398.5 million and 398.6 million). Notes: The Statements of Funds from Operations per unit above are prepared on a basis that is consistent with the Partnership’s Supplemental Information and differs from net income per limited partnership unit as presented in Brookfield Infrastructure’s Consolidated Statements of Operating Results on page 7 of this release, which is prepared in accordance with IFRS. Management uses funds from operations per unit (FFO per unit) as a key measure to evaluate operating performance. Readers are encouraged to consider both measures in assessing Brookfield Infrastructure’s results. Brookfield Infrastructure Partners L.P. Statements of Partnership Capital  As of US$ millions, unaudited June 30, 2020 Dec 31, 2019       Assets     Operating groups     Utilities$1,785$2,178 Transport 3,214 3,991 Energy 2,932 3,128 Data Infrastructure 1,217 1,318 Cash and cash equivalents 999 273  $10,147$10,888       Liabilities     Corporate borrowings$3,074$2,475 Other liabilities 1,125 1,284   4,199 3,759 Capitalization     Partnership capital 5,948 7,129  $10,147$10,888 Notes: Partnership capital in these statements represents Brookfield Infrastructure’s investments in its operations on a segmented basis, net of underlying liabilities and non-controlling interests, and includes partnership capital attributable to limited partners, the general partner and non-controlling interests – redeemable partnership units held by Brookfield, Exchange LP Units, and class A shares of BIPC.The Statements of Partnership Capital above are prepared on a basis that is consistent with the Partnership’s Supplemental Information and differs from the Brookfield Infrastructure’s Consolidated Statements of Financial Position on page 6 of this release, which is prepared in accordance with IFRS. Readers are encouraged to consider both bases of presentation in assessing Brookfield Infrastructure's financial position. Brookfield Infrastructure Corporation Reports Second Quarter 2020 ResultsThe Board of Directors of Brookfield Infrastructure Corporation (“BIPC” or our “company”) (NYSE, TSX: BIPC) today has declared a quarterly dividend in the amount of $0.485 per class A exchangeable subordinate voting share of BIPC (a “Share”), payable on September 30, 2020 to shareholders of record as at the close of business on August 31, 2020. This dividend is identical in amount per Share and has identical record and payment dates to the quarterly distribution announced today by BIP on BIP’s units.The Shares of BIPC are structured with the intention of being economically equivalent to the non-voting limited partnership units of Brookfield Infrastructure Partnership L.P. (“BIP” or the “Partnership”) (NYSE: BIP; TSX: BIP.UN). We believe economic equivalence is achieved through identical dividends and distributions on the Shares and BIP’s units and each Share being exchangeable at the option of the holder for one BIP unit at any time. Given the economic equivalence, we expect that the market price of the Shares will be significantly impacted by the market price of BIP’s units and the combined business performance of our company and BIP as a whole. In addition to carefully considering the disclosure made in this news release in its entirety, shareholders are strongly encouraged to carefully review BIP’s letter to unitholders, supplemental information and its other continuous disclosure filings. BIP’s letter to unitholders and supplemental information are available at www.brookfield.com/infrastructure. Copies of the Partnership’s continuous disclosure filings are available electronically on EDGAR on the SEC’s website at www.sec.gov or on SEDAR at www.sedar.com.ResultsThe net income and Funds from Operations (FFO) of BIPC is fully attributed to the Partnership and the earnings of BIPC are fully captured in the Partnership’s financial statements and results. For the three months ended June 30For the six months ended June 30 US$ millions, unaudited1 2020  2019 2020  2019 Net income attributable to the Partnership$(266)$48$(149)$96 FFO2 $90 $108$197 $213 BIPC reported net losses for the quarter of $266 million compared to net income of $48 million in the same period during the prior year. Earnings for the current period benefited from capital commissioned into rate base at our U.K. regulated distribution business and inflation-indexation at our Brazilian regulated gas transmission business. These positive impacts were more than offset predominantly by revaluation losses recognized on the company’s exchangeable shares that are classified as liabilities under IFRS standards.Our business generated FFO of $90 million for the quarter, representing a 17% decrease over the same period during the prior year. FFO decreased in the current quarter as the benefits of inflationary-indexation and additions to rate base were more than offset by the impact of foreign exchange and lower connections activity at our U.K regulated distribution businesses.Note: This news release may contain forward-looking information within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words “believe”, “expect”, “will” derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release include statements regarding the impact of the market price of BIP’s units and the combined business performance of our company and BIP as a whole on the market price of the Shares. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in the jurisdictions in which we operate and elsewhere which may impact the markets for our products and services, the ability to achieve growth within Brookfield Infrastructure’s businesses and in particular completion on time and on budget of various large capital projects, which themselves depend on access to capital and continuing favorable commodity prices, and our ability to achieve the milestones necessary to deliver the targeted returns to our unitholders, the impact of market conditions on our businesses, the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown, the availability of equity and debt financing for Brookfield Infrastructure, the ability to effectively complete transactions in the competitive infrastructure space (including the ability to complete announced and potential transactions that may be subject to conditions precedent, and the inability to reach final agreement with counterparties to transactions being currently pursued, given that there can be no assurance that any such transaction will be agreed to or completed) and to integrate acquisitions into existing operations, the future performance of these acquisitions, changes in technology which have the potential to disrupt the business and industries in which we invest, the market conditions of key commodities, the price, supply or demand for which can have a significant impact upon the financial and operating performance of our business and other risks and factors described in the U.S. registration statement on Form F-1 and Canadian prospectus filed in connection with the distribution of the Shares on March 31, 2020 with securities regulators in Canada and the United States and the documents incorporated by reference therein, including under “Risk Factors” in the Partnership’s most recent Annual Report on Form 20-F and other risks and factors that are described therein and in other documents filed by the Partnership and BIPC with the securities regulators in Canada and the United States. Except as required by law, Brookfield Infrastructure Corporation undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.1\. Brookfield Infrastructure Corporation was established on August 30, 2019 by the Partnership. On March 30, 2020, the Partnership contributed its regulated utilities businesses in Brazil and the U.K. to our company. For the periods prior to March 30, 2020, the financial statements represent a combined carve-out of the assets, liabilities, revenues, expenses, and cash flows of the businesses that were contributed to our company effective March 30, 2020.2\. FFO is defined as net income excluding the impact of depreciation and amortization, deferred income taxes, breakage and transaction costs, and non-cash valuation gains or losses. We also exclude from FFO dividends paid on exchangeable shares of our company that are presented as interest expense, as well as interest expense on loans payable to the Partnership which represent the Partnership’s investment in our company. A reconciliation of net income to FFO is available on page 17 of this release. Brookfield Infrastructure Corporation Consolidated Statements of Financial Position  As of US$ millions, unaudited June 30, 2020  Dec 31, 2019        Assets      Cash and cash equivalents$161 $204 Accounts receivable and other 351  390 Financial assets 56  29 Property, plant and equipment 4,309  4,497 Intangible assets 2,849  3,936 Goodwill 499  667 Deferred tax asset and other 129  130 Total assets$8,354 $9,853        Liabilities and Equity      Accounts payable and other$419 $487 Exchangeable and class B shares 1,851  – Non-recourse borrowings 3,114  3,526 Loans payable to Brookfield Infrastructure 1,120  – Financial liabilities 1,013  1,008 Deferred tax liabilities and other 1,354  1,555        Equity      Equity in net assets attributable to the Partnership (1,611) 1,654 Non-controlling interest 1,094  1,623 Total equity (517) 3,277 Total liabilities and equity$8,354 $9,853 Brookfield Infrastructure Corporation Consolidated Statements of Operating ResultsUS$ millions, unauditedFor the three months ended June 30 For the six months ended June 30  2020  2019  2020  2019                Revenues$322 $404 $706 $807  Direct operating costs (54) (58) (116) (116) General and administrative expense (8) (7) (14) (13) Depreciation and amortization expense (67) (77) (143) (156)   193  262  433  522  Interest expense (62) (40) (94) (81) Mark-to-market on hedging items and foreign currency revaluation (20) (3) (22)  (1) Remeasurement of exchangeable and class B shares (238) –  (140) –  Other expense (15) (9) (25) (21) Income before income tax (142) 210  152  419  Income tax expense               Current (35) (43) (79) (87)   Deferred (17) (24) (66) (48) Net income $(194)$143 $7 $284                Attributable to:               Partnership$(266)$48 $(149)$96    Non-controlling interest 72  95  156  188  Brookfield Infrastructure Corporation Consolidated Statements of Cash Flows US$ millions, unauditedFor the three months ended June 30  For the six months ended June 30    2020   2019  2020  2019                Operating Activities             Net income $(194)$143 $7 $284  Adjusted for the following items:             Depreciation and amortization expense 67  77  143  156  Mark-to-market on hedging items, provisions and other 35  18  48  27  Remeasurement of exchangeable and class B shares 238  –  140  –  Deferred income tax expense 17  24  66  48  Change in non-cash working capital, net 5  (7) (56) 4  Cash from operating activities 168  255  348  519                Investing Activities             Purchase of long-lived assets, net of disposals (63) (103) (184) (198) Cash used by investing activities (63) (103) (184) (198)               Financing Activities             Affiliate distributions to non-controlling interest (87) (108) (188) (204) Distributions to, net of contributions from, the Partnership —  (39) (33) (72) Proceeds from non-recourse borrowings —  51  435  108  Repayments of non-recourse borrowings  —  (21) (380) (41) Cash used by financing activities (87) (117) (166) (209)               Cash and cash equivalents             Change during the period$18 $35 $(2)$112  Impact of foreign exchange on cash —  3  (41) 1  Balance, beginning of period 143  174  204  99  Balance, end of period$161 $212 $161 $212  Brookfield Infrastructure Corporation Statements of Funds from Operations For the three months ended June 30,  For the six months ended June 30 US$ millions, unaudited  2020  2019  2020  2019                Adjusted EBITDA             Utilities$124 $146 $266 $288  Corporate (8) (7) (14)  (13) Total 116  139  252  275                Financing costs (17) (20) (36) (40) Other income (9) (11) (19) (22) Funds from operations (FFO) 90  108  197  213                Depreciation and amortization (36) (37) (74)  (74) Deferred taxes and other items (320) (23) (272)  (43) Net income attributable to the Partnership$(266)$48 $(149) $96  Notes:Funds from operations in this statement is on a segmented basis and represents the operations of Brookfield Infrastructure Corporation net of charges associated with related liabilities and non-controlling interests. Adjusted EBITDA is defined as FFO excluding the impact of interest expense and other income or expenses. Net income attributable to shareholders includes net income attributable to the Partnership prior to and after the special distribution.  The Statements of Funds from Operations above are prepared on a basis that differs from net income as presented in Brookfield Infrastructure Corporation’s Consolidated Statements of Operating Results on page 15 of this release, which is prepared in accordance with IFRS. Management uses FFO as a key measure to evaluate operating performance. Readers are encouraged to consider both measures in assessing our company’s results.

2020-08-05 - Yahoo! Finance: GOLD.TO News

GoldMining Announces Appointment of David Garofalo as Chairman and CEO of Gold Royalty Corp.

GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (OTCQX: GLDLF) is pleased to announce the appointment of David Garofalo as the Chairman, Chief Executive Officer and a director of its subsidiary, Gold Royalty Corp. ("Gold Royalty"). Mr. Garofalo has also joined the advisory board of GoldMining Inc.

2020-08-05 - Yahoo! Finance: EDV.TO News

Endeavour Reports Q2-2020 Results

ENDEAVOUR REPORTS Q2-2020 RESULTS On track to meet FY-2020 guidance  · Significant improvement in leverage ratio  · Dividend initiation approaching HIGHLIGHTS  * Production of 149koz at an AISC of $939/oz in Q2-2020; Production of 321koz at an AISC of $918/oz in H1-2020 * Integration process is largely complete with the SEMAFO assets slotted into Endeavour's well-established West African operating model * On track to achieve full year production and AISC guidance for both Endeavour and SEMAFO assets despite COVID-19, resulting in a Pro Forma guidance of 995—1,095koz at an AISC of $865—915/oz * Operating Cash Flow before Working Capital of $85m or $0.77/share for Q2-2020; $205m or $1.85/share for H1-2020 * Adjusted Net Earnings of $53m or $0.48/share in Q2-2020; $86m or $0.78/share in H1-2020 * Strong deleveraging as Net Debt / Adjusted EBITDA ratio stands at below 0.5x following the SEMAFO transaction close, compared to 2.75x for the same period last year * Endeavour expects to reach a net cash position in the coming quarters, at which point it intends to pay an initial dividend  George Town, August 5, 2020 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) is pleased to announce its financial and operating results for the second quarter and half year 2020, with highlights provided in table 1 and 2 below. Table 1: Endeavour Operational and Financial Highlightsin US$ million unless otherwise specified. THREE MONTHS ENDED SIX MONTHS ENDED     June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Δ YTD     PRODUCTION AND AISC HIGHLIGHTS               Gold Production, koz 149 172 171 321 292 +10%   Gold Sold, koz 150 175 171 324 292 +11%   Realized Gold Price2, $/oz 1,689 1,546 1,285 1,612 1,271 +27%   All-in Sustaining Cost1, $/oz 939 899 790 918 826 +11%   All-in Sustaining Margin1,3, $/oz 750 647 494 694 445 +56%   CASH FLOW HIGHLIGHTS 1               All-in Sustaining Margin4, $m 112 113 84 225 130 +74%   All-in Margin5, $m 73 80 46 153 68 +124%   Operating Cash Flow Before Non-Cash Working Capital, $m  85 119 57 205 105 +94%   Operating Cash Flow Before Non-Cash Working Capital, $/share 0.77 1.08 0.52 1.85 0.96 +92%   Operating Cash Flow, $m  57 126 62 183 85 +115%   Operating Cash Flow, $/share 0.52 1.14 0.57 1.66 0.78 +113%   PROFITABILITY HIGHLIGHTS               Revenues, $m 253 270 219 523 371 +41%   Adjusted EBITDA1, $m 120 130 94 250 135 +86%   Net Earnings Attr. to Shareholders1, $m (37) 26 1 (11) (14) n.a.   Net Earnings1, $/share (0.34) 0.24 0.01 (0.10) (0.13) n.a.   Adjusted Net Earnings Attr. to Shareholders1, $m 53 34 9 86 4 n.a.   Adjusted Net Earnings per Share1, $/share 0.48 0.30 0.08 0.78 0.03 n.a   BALANCE SHEET HIGHLIGHTS1               Net Debt, $m 473 473 660 473 660 (28)%   Net Debt / Adjusted EBITDA (LTM) ratio 1.00 1.06 2.75 1.00 2.75 (64)%   1This is a non-GAAP measure. Refer to the non-GAAP measure section of the MD&A. 2Realized Gold Price inclusive of Karma stream; 3Realized Gold Price less  All-in Sustaining Cost per ounce; 4Net revenue less All-in Sustaining Costs; 5Net revenue less All-in Sustaining Costs and Non-Sustaining capital.Table 2: Pro Forma Highlights3 (in US$ million) THREE MONTHS ENDED 30 JUNE, 2020 SIX MONTHS ENDED 30 JUNE, 2020 Endeavour SEMAFO3 Pro Forma3 Endeavour SEMAFO3 Pro Forma3 PRODUCTION AND AISC HIGHLIGHTS             Gold Production, koz 149 79 228 321 158 479 Gold Sold, koz 150 68 218 324 145 469 All-in Sustaining Cost1, $/oz 939 1,021 979 918 951 942 BALANCE SHEET HIGHLIGHTS1             Net Debt inclusive of La Mancha investment2  $m 473 (64) 309 473 (64) 309 Net Debt / Adjusted EBITDA (LTM) ratio 1.00x n.a. 0.44x 1.00x n.a. 0.44x 1This is a non-GAAP measure. Refer to the non-GAAP measure section of the MD&A for Endeavour and refer to the non-IFRS measures note in this press release for SEMAFO. 2La Mancha $100 million investment occurred as subsequent event on July 3, 2020. SEMAFO cash amount excludes restricted cash related to the transaction. 3Pro Forma and SEMAFO figures are non-GAAP. Endeavour believes that operating and financial figures for SEMAFO are representative of the period ended June 30, 2020 as the Transaction closed on July 1, 2020. Figures presented and disclosed relating to SEMAFO operations represent classifications and calculations performed using consistent historical SEMAFO methodologies. Potential variances to existing Endeavour classifications and calculation methodologies may result in adjustments affecting results. Potential differences may include, but not limited to, classification of corporate costs and operating expenses, classification of mining, processing, and site G&A costs, classification of capitalized waste as sustaining and non-sustaining, valuation of stockpiles and gold in circuit. Accounting treatments and classifications will be aligned with Endeavour methodologies and policies. Pro forma information has not been adjusted and is comprised of the simple sum of information provided for each of Endeavour and SEMAFO.Sébastien de Montessus, CEO, commented: "We are proud of our achievements during the first half of the year as we continued to deliver on our strategic priorities, despite the global pandemic. I’d like to thank our employees and partners for their dedication to ensuring business continuity. Thanks to these efforts, we remain on track to achieve our full year production and AISC guidance and expect a significantly stronger performance in the second half of the year with higher grades.  We have also maintained our exploration activities, with 85% of our FY-2020 budget already spent in the first half of the year, ahead of the rainy season. The team continue to deliver successful results, with 0.8 million ounces of M&I resources recently added at our Ity and Houndé mines while an updated resource at Fetekro is expected to be published shortly.We are very pleased with the progress made to integrate the SEMAFO assets within our well-established West African operating model, which is now largely complete. These operations are already benefiting from our strong local presence and regional expertise and we look forward to realizing synergies. The combined group is now a top 15 global gold producer, with significant optionality within its portfolio and a healthy balance sheet with a leverage ratio of below 0.5 times. Our goal is to completely deleverage the balance sheet in the coming quarters to further derisk the business, at which point we intend to initiate dividend payments.”UPCOMING CATALYSTSThe key upcoming expected catalysts are summarized in the table below.Table 3: Key Upcoming CatalystsTIMING CATALYST   Q3-2020 Houndé Start of mining higher grade Kari Pump deposit Q3-2020 Ity Updated Le Plaque reserve estimate  Q3-2020 Houndé Maiden reserve estimate for Kari West, Kari Center and Kari Gap Q3-2020 Fetekro Updated resource estimate Late Q3-2020 Fetekro Preliminary Economic Assessment Q4-2020 Boungou Re-start of mining operations MANAGEMENT CHANGEWith the successful integration of the SEMAFO assets into Endeavour's West African operating model largely complete, Benoit Desormeaux, former CEO of SEMAFO who joined Endeavour as President upon transaction close, has decided to step down to pursue other opportunities.“I would like to thank Benoit for his significant efforts to build SEMAFO over the last decade and his help over the recent months in completing the transaction and the integration. On behalf of the Board of Directors I wish him all the best in the future.” added Sébastien de Montessus. Benoit Desormeaux stated, "It has been a distinct pleasure to be part of the SEMAFO team for the past 23 years and I look forward to following Endeavour’s activities as a leading West African producer. In the wake of the smooth integration process, I wish the combined company and its people every success."COVID-19 UPDATESince the outbreak of the global COVID-19 pandemic, Endeavour has focused on the well-being of its employees, contractors and local communities, while ensuring business continuity. In addition, host governments in Cote d’Ivoire, Burkina Faso and Mali have taken strict and pro-active measures to minimize overall exposure in their countries.Protecting the well-being of employees, contractors, and local communities * Endeavour has implemented a range of preventative measures across all its sites, including social distancing, health screening, augmented hygiene and restricted access to sites. * Endeavour operates in close coordination with the national health authorities and is using the epidemiological surveillance system it developed to assist host countries (Cote d’Ivoire, Burkina Faso and Mali) with the monitoring and tracking of the pandemic in these countries. * Endeavour’s donations of key medical equipment and supplies to regional, community and on-site medical centers continued during the quarter across all three countries of its operations. * A range of community programs were implemented during the quarter including micro-credit programs, which help to support people in host communities whose livelihoods have been impacted by the pandemic, and e-learning programs in Burkina Faso to facilitate access to distance learning for students.Business continuity response plan * In early March 2020, Endeavour put in place a business continuity plan to mitigate the risks and potential impact of the global COVID-19 pandemic, which has three levels of response: * Level 1, which the Group is currently operating under, involves a range of preventative measures including temperature checks, restricted access to sites, social distancing, increased hygiene standards and mandatory quarantine periods for employees arriving in-country, while otherwise continuing operations as normal. * Level 2 is designed to be initiated should COVID-19 become more prevalent in the countries in which the Group operates and involves comprehensive restrictions on movement into and out of the mines. Under these circumstances, Endeavour’s mines would be isolated, but mining operations and the shipment of gold would continue. * Level 3 involves the full or partial suspension of mining and processing operations. * In addition, the Group has also taken a number of proactive steps, including: * Assessing the supply chain with a focus on ensuring continuity of supply in a range of scenarios. Endeavour’s shift to national suppliers located within host countries over the past 12 months has mitigated the impact of closed borders. * To ensure that Endeavour would have substantial liquidity and financial flexibility to operate under various stress-test scenarios, Endeavour drew down the entirety of its available Revolving Credit Facility (“RCF”) in Q1-2020. Endeavour has now commenced repaying the RCF and expects to continue to reduce the drawn amount during Q3-2020 and Q4-2020.  * Endeavour assessed its ability to curtail its operations to selectively mine higher grade ore with low strip ratios should mining activity need to be reduced in response to an increase in COVID-19 prevention measures. * Each of Endeavour’s operations are continuing to operate at normal levels with gold shipments and sales continuing, albeit with increased health and safety measures and decreased efficiencies. * Employees in a role that enabled them to work from home were asked to do so. The Company’s cloud-based strategy ensured that employees could access all the relevant applications, systems and collaboration tools that they needed to perform their duties. In addition, the cyber security response was updated and is constantly tracked in light of the increased cyber security risk generally observed during the pandemic.OPERATIONAL PERFORMANCE SUMMARY * Continued strong safety record for the Group, with a low Lost Time Injury Frequency Rate (“LTIFR”) of 0.21 for the trailing 12 months. * As described in the Outlook Section on page 21, Endeavour remains on track to achieve its Group production and AISC guidance, despite the COVID-19 pandemic, as it expects a higher grade profile in H2-2020. Endeavour is also maintaining SEMAFO's production and AISC guidance on Mana and Boungou, and therefore expects the FY-2020 Pro Forma Group production to amount to 995—1,095koz in 2020 at an AISC of $865—915/oz.  * Endeavour expects stronger cash flow generation in the second half of the year, due to higher production, lower non-sustaining spend (already 65% of FY-2020 guidance completed in H1), lower exploration spend (already 85% of FY-2020 guidance completed in H1), the benefit of higher gold prices and its gold collar program (with a cap of $1,500/oz for half its production) finishing at the end of June 2020. * H1-2020 production for Endeavour's assets amounted to 321koz, an increase over H1-2019 mainly due to the start-up of the Ity CIL operation in late Q1-2019 while AISC increased in line with guidance. * Q2-2020 production for Endeavour's assets amounted to 149Koz, a decrease over Q1-2020, due to a lower production at Ity and Karma.Table 4: Group and Pro Forma Group1(All amounts in koz, on a 100% basis) THREE MONTHS ENDED SIX MONTHS ENDED   June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019     Agbaou 24 27 35 52 66   Ity Heap Leach — — — — 3   Ity CIL 47 61 58 108 66   Karma 20 28 21 48 43   Houndé 57 56 58 113 114   ENDEAVOUR PRODUCTION 149 172 171 321 292   Mana1 48 50 37 97 78   Boungou1 31 29 63 61 125   PRO FORMA PRODUCTION2 228 251 271 479 494   1Pro forma information has not been adjusted and is comprised of the simple sum of information provided for each of Endeavour and SEMAFO. 2 See Footnote 2 below Table 5.Table 5: Group and Pro Forma Group All-In Sustaining Costs1(All amounts in US$/oz) THREE MONTHS ENDED SIX MONTHS ENDED   June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019     Agbaou 955 951 788 953 786   Ity Heap Leach — — — — 1,086   Ity CIL 784 651 585 707 585   Karma 952 866 1,047 904 999   Houndé 965 1,077 836 1,020 808   Corporate  G&A 34 30 30 32 38   Sustaining Exploration — — — — —   ENDEAVOUR AISC1 939 889 790 918 826   Mana2 1,251 1,051 1,152 1,137 1,113   Boungou2 710 549 476 635 505   PRO FORMA AISC2 979 910 n.a. 942 n.a.   1This is a non-GAAP measure. Refer to the non-GAAP measure section of the MD&A for Endeavour and refer to the non-IFRS measures note in this press release for SEMAFO. 2Endeavour believes that operating and financial figures for SEMAFO are representative of the period ended June 30, 2020 as the Transaction closed on July 1, 2020. Figures presented and disclosed relating to SEMAFO operations represent classifications and calculations performed using consistent historical SEMAFO methodologies. Potential variances to existing Endeavour classifications and calculation methodologies may result in adjustments affecting results. Potential differences may include, but not limited to, classification of corporate costs and operating expenses, classification of mining, processing, and site G&A costs, classification of capitalized waste as sustaining and non-sustaining, valuation of stockpiles and gold in circuit. Accounting treatments and classifications will be aligned with Endeavour methodologies and policies. Pro forma information has not been adjusted and is comprised of the simple weighted average of information provided for each of Endeavour and SEMAFO.ITY MINEIty CIL Q2 2020 vs Q1 2020 Insights * Despite the COVID-19 pandemic, Ity continued to operate at near-normal levels under the Level 1 Response Environment, as describe in COVID-19 Section. The mine plan prioritized both waste extraction and the completion of the TSF raise in Q2-2020 which provides the Company with increased operational flexibility should the mine be forced to operate under a Level 2 or 3 Response Environment which would restrict the number of employees on site and reduce mining activity. * Production decreased as the mine plan prioritized both waste extraction and the TSF raise which resulted in a sub-optimal processed ore blend leading to short-term variances in mill throughput, recoveries and processed grade * Total tonnes mined remained flat, however tonnes of ore mined decreased by 16% as a greater focus was placed on waste extraction. More waste was extracted at the Ity pit as a result of accelerating the previously planned cutback. In addition, pre-stripping commenced at the Colline Sud Pit, following a change in the mine plan to provide greater operational flexibility. In addition to the operating data presented in the table above, 0.9Mt of waste were mined outside of existing pits to accelerate the planned TSF raise. * The processed grade decreased slightly as a higher proportion of the mill feed was supplemented by the lower  grade oxide stockpiles as mining focused on waste extraction. * Tonnes milled decreased due to lower mill availability driven by longer maintenance shutdowns related to COVID-19 (more time required to get technicians and spare parts on site), however throughput remained within 5% of the nominal plant capacity throughput. * Recovery rates reduced, as expected, due to greater quantities of transitional and fresh ore processed from Daapleu with associated lower recoveries. * AISC increased due to lower ounces of gold sold, higher royalty rates, a higher strip ratio, lower recovery rates and higher unit mining costs. * Mining unit costs increased  from $2.37 to $3.12 per tonne mined due to the higher drill and blast and equipment maintenance costs associated with mining an increased proportion of fresh material. * Processing unit costs remained broadly flat, despite greater downtime and lower mill throughput.  * Sustaining capital increased  from $1.1 million to $2.3 million for the quarter due to the change-out on heavy mining equipment. * Non-sustaining capital remained flat. Q2-2020 includes accelerated waste capitalization for the new Colline Sud pit as well as the TSF raise which was completed within the same period.H1 2020 vs H1 2019 Insights * Production increased as the Ity CIL plant operated for the full six month period in H1-2020 compared to half the period in H1-2019 as the plant had its first gold pour in March 2019 with commercial production declared on April 8th 2019. AISC increased as guided due to mining at deeper elevations and increased sustaining capital related to the component change-out associated with heavy mining equipment.Table 6: Ity CIL Quarterly Performance IndicatorsFor The Quarter Ended Q2-2020 Q1-2020 Q2-2019 Tonnes ore mined, kt 1,650 1,909 1,409 Strip ratio (incl. waste cap) 2.26 1.74 1.75 Tonnes milled, kt 1,180 1,410 934 Grade, g/t 1.59 1.63 2.03 Recovery rate, % 77 84 90 PRODUCTION, KOZ 47 61 58 Cash cost/oz 639 558 537 AISC/OZ 784 651 585 Table 7: Ity CIL Half Yearly Performance IndicatorsFor The Half Year Ended H1-2020 H1-2019 Tonnes ore mined, kt 3,559 2,523 Strip ratio (incl. waste cap) 1.98 1.86 Tonnes milled, kt 2,590 1,191 Grade, g/t 1.61 2.03 Recovery rate, % 81 90 PRODUCTION, KOZ 108 66 Cash cost/oz 592 537 AISC/OZ 707 585 H2 2020 Outlook * Ity is expected to achieve the bottom end of its full year 2020 production guidance range of between 235,000 - 255,000 ounces and the top end of its AISC guidance of $630 - $675 per ounce. * Plant feed in H2-2020 is expected to be sourced primarily from the Daapleu pit, while continuing to be supplemented by ore from the Ity pit and lower grade historic heap dumps. As initially guided, the proportion of fresh ore is expected to remain high for the remainder of the year as the pits become deeper whilst processed grades and recovery rates are expected to remain stable. * Sustaining capital spend for FY-2020 is expected to amount to approximately $8.0 million (of which $3.4 million has been incurred in H1-2020), an increase compared to the initial FY-2020 guidance of $4.0 million due to increased waste extraction following the change in the mine plan. * Non-sustaining capital spend for FY-2020  is expected to amount to approximately $35.0 million (of which $21.7 million has been incurred in H1-2020), an increase compared to the initial FY-2020 guidance of $26.0 million as the infrastructure and river diversion work for the Le Plaque high grade deposit, which was originally planned for 2021, is now expected to be brought forward given the high confidence in obtaining a mining permit in the coming months and the expected positive impact of this deposit.Exploration Activities * An exploration program of up to $14.0 million totaling approximately 100,000 meters has been planned for 2020, with the aim of growing the Le Plaque, Bakatouo, and Daapleu deposits, and testing other targets such as Floleu and Samuel. * In H1-2020, $12.0 million was spent, comprised of nearly 85,000 meters drilled, with eight rigs active over the greater Ity area. The majority of drilling was focused on the Le Plaque area and on near-mill targets such as Verse West and Leach pad and Daapleu SW.  * As announced on July 7, 2020, drilling has resulted in a 43% increase in Le Plaque’s Indicated resource estimate to 689,000 ounces. In addition, several other nearby targets have also been identified. At least 15,000 meters of drilling are planned for the remainder of 2020. Following the recent resource addition, the updated Le Plaque reserve estimate is expected to be published in Q3-2020 and integrated into the Ity mine plan. HOUNDÉ MINEQ2 2020 vs Q1 2020 Insights * Despite the COVID-19 pandemic, Houndé continued to operate at near-normal levels under the Level 1 Response Environment, as describe in COVID-19 Section above. Given the flexibility available within the Houndé mine plan, notably due to the slightly earlier than expected receipt of the mining permit for the high grade Kari Pump deposit, a portion of the initially scheduled waste capitalization activity was delayed to later in the year. As such, Houndé’s performance was better than initially anticipated. * Production increased slightly as higher processed grades and a slightly better recovery rate more than offset the slightly lower throughput. * Tonnes of ore mined increased due to the lower overall strip ratio as scheduled waste capitalization activity was delayed to later in the year. Ore was mainly sourced from the Vindaloo Central and Bouéré pits, which have a lower strip ratio, and supplemented by ore from the Vindaloo Main and Vindaloo North pits which have a slightly higher strip ratio.  * Tonnes milled reduced slightly, however continued to perform well above nameplate, as the ore blend continued to be mainly fresh. * Processed grades increased as the strong waste capitalization at Vindaloo Central during the previous quarter  provided access to high grade ore. In addition, less low grade stockpiles were used to supplement mill feed given the increased mining activity. * Recovery rates increased slightly based on the ore blend characteristics. * AISC decreased mainly due to slightly higher sales volumes and lower mining unit costs which more than offset higher royalties and higher processing and G&A unit costs. * Mining unit costs decreased  from $2.25 to $2.15 per tonne due to lower production drilling and blasting activities required for the oxidized ore mined at the Vindaloo Central pit. * Processing unit costs increased from $12.49 to $14.31 per tonne driven by increased reagent costs. * Sustaining capital decreased slightly decreased from $11.8 million to $11.1 million due to the change in the mine plan. * Non-sustaining capital increased from $1.8 million to $5.8 million with the Q2-2020 spend mainly comprised of  compensation and resettlement for the Kari Pump area, as well as a TSF raise.H1 2020 vs H1 2019 Insights * Production remained steady as increased tonnes milled offset the lower recovery rate while processed grades remained flat. AISC increased as expected due to higher sustaining waste capitalization, higher royalty costs and a shift to mining and processing a higher proportion of harder fresh ore. Table 8: Houndé Quarterly Performance Indicators For The Quarter Ended Q2-2020 Q1-2020 Q2-2019 Tonnes ore mined, kt 1,072 900 917 Strip ratio (incl. waste cap) 9.73 11.57 8.97 Tonnes milled, kt 1,035 1,066 1,043 Grade, g/t 1.91 1.76 1.88 Recovery rate, % 92 91 93 PRODUCTION, KOZ 57 56 58 Cash cost/oz 632 744 621 AISC/OZ 965 1,077 836 Table 9: Houndé Half Yearly Performance IndicatorFor The Half Year Ended H1-2020 H1-2019 Tonnes ore mined, kt 1,972 1,686 Strip ratio (incl. waste cap) 10.57 10.00 Tonnes milled, kt 2,101 2,076 Grade, g/t 1.83 1.84 Recovery rate, % 91 93 PRODUCTION, KOZ 113 114 Cash cost/oz 687 630 AISC/OZ 1,020 808 H2 2020 Outlook * With the recent receipt of the Kari Pump mining permit, Houndé is expected to achieve the top end of its full year 2020 production guidance range of 230,000 - 250,000 ounces and the bottom end of its AISC guidance range of $865—$895 per ounce. * Higher grade material is planned to be processed in the second half of the year with mill feed from Vindaloo Main and Central supplemented by Kari Pump, which will be ramped up in Q4-2020. * The overall expected capital spend for FY-2020 is expected to remain unchanged at $59.0 million (of which $30.5 million was incurred in H1-2020). Sustaining and non-sustaining capital spends for FY-2020 are expected to amount to approximately $49.0 million and $10.0 million, respectively. Exploration * An exploration program of $11.0 million totaling approximately 94,000 meters has been initially planned for 2020, with the aim of delineating additional resources in the Kari area and at the Vindaloo South and Vindaloo North targets. In addition, other targets such as Dohoun and Sia/Sianikoui are expected to be tested. * In H1-2020, over 73,000 meters were drilled with up to 11 rigs active. Of the meters completed, over 44,000 meters were drilled for geotechnical and metallurgical purposes at Kari West, Kari Centre and Kari Gap, and sterilization and grade control at Kari Pump. The majority of remaining drill metres focused on the Kari area along with small reconnaissance drill campaigns at Sianikoui, Mambo and Marzipan which provided positive initial results. A new mineralized area was discovered, named Kari Gap, which is the extension of the Kari Center Main area.  * An updated resource estimate, incorporating 554,000 additional Indicated ounces for the entire Kari area, was published in early Q3-2020. * A reserve estimate update is expected to be released in Q3-2020, which will include maiden reserves for Kari West and will be followed by the publication of an updated mine plan for Houndé. In addition, a second reserve estimate update is expected to be published in Q4-2020 to include Kari Center Main and Kari Gap. AGBAOU MINEQ2 2020 vs Q1 2020 Insights * Despite the COVID-19 pandemic, Agbaou continued to operate at near-normal levels under the Level 1 Response Environment, as describe in COVID-19 Section above, with no material changes to its mine plan required. * Production decreased due to lower average processed grades and throughput while recovery rates remained flat. * Total tonnes mined decreased due to both fewer tonnes of ore mines and a lower overall strip ratio. Mining was focused on the deeper elevation of the North and South pits. Tonnes of ore mined decreased mainly due to the impact of higher rainfall and lower equipment productivity as mining focused on the fresh material zones. * Tonnes milled decreased due to the planned higher proportion of fresh ore in the blend.  * Processed grades decreased as a result of higher tonnage from the lower grade South pit and the use of low grade stockpiles to supplement the plant feed. * Recovery rates remained flat. * The AISC remained flat as lower sustaining capital spend offset higher unit mining, processing and G&A costs and increased royalties. * Mining unit costs increased from $2.66 to $2.76 per tonne mined due to mining more fresh material at a deeper elevation in the North and South pits. * Processing unit costs increased from $7.10 to $8.88 per tonne mainly due to lower tonnes milled and a greater  proportion of fresh ore in the blend.   * Sustaining capital costs decreased from $5.4 million to $1.4 million primarily due to the lower capitalized waste. * Non-sustaining capital remained low, marginally increasing from $0.1 million to $0.3 million.H1 2020 vs H1 2019 Insights * As guided, production decreased due to lower grades which were slightly offset by higher plant throughput. * AISC increased as a result of lower ounces sold and higher royalties, unit mining costs and processing costs, which were offset by lower sustaining capital and G&A unit costs.Table 10: Agbaou Quarterly Performance IndicatorsFor The Quarter Ended Q2-2020 Q1-2020 Q2-2019 Tonnes ore mined, kt 659 757 564 Strip ratio (incl. waste cap) 6.97 7.50 10.60 Tonnes milled, kt 675 732 644 Grade, g/t 1.14 1.31 1.75 Recovery rate, % 94 94 94 PRODUCTION, KOZ 24 27 35 Cash cost/oz 801 668 665 AISC/OZ 955 951 788 Table 11: Agbaou Half Yearly Performance IndicatorsFor The Half Year Ended H1-2020 H1-2019 Tonnes ore mined, kt 1,416 1,015 Strip ratio (incl. waste cap) 7.25 11.58 Tonnes milled, kt 1,407 1,365 Grade, g/t 1.23 1.58 Recovery rate, % 94 94 PRODUCTION, KOZ 52 66 Cash cost/oz 731 592 AISC/OZ 953 786 H2 2020 Outlook * Agbaou is expected to achieve the bottom half of its full year 2020 production guidance range of 115,000—125,000 ounces and the middle of its AISC guidance range of $940—$990 per ounce. * Mining is expected to continue principally in the North and South pits with contributions from the West pit ceasing in the second half of the year. Throughput and recovery rates are expected to decrease slightly in the second half of the year as greater volumes of harder fresh ore are expected to be processed. The average grade milled is however expected to increase throughout the second half of the year. * Sustaining and non-sustaining capital spends for FY-2020 remain unchanged compared to the initial guidance, and are  expected to amount to approximately $17.0 million and $1.0 million, respectively. Exploration Activities * An exploration program of up to $2.0 million has been planned for 2020 with the aim of continuing to test targets located along extensions of known deposits and on parallel trends. * Minimal work was done in H1-2020 as the Côte d'Ivoire exploration efforts were concentrated on Ity and Fetekro.KARMA MINEQ2 2020 vs Q1 2020 Insights * Despite the COVID-19 pandemic, Karma continued to operate at near-normal levels under the Level 1 Response Environment, as describe in COVID-19 Section, with no material changes to its mine plan required. * Production decreased despite higher stacker throughput rates due to lower grades stacked, a slight decrease in recovery rate and increased gold in the circuit. * Total tonnes mined remained relatively flat. As guided, a higher proportion of ore mined was sourced from the lower grade GG1 pit. In addition, a waste stripping campaign commenced at the Kao North pit. * Ore tonnes stacked increased due to the benefit of the recently completed conveyor and stacking system upgrades. * The stacked grade decreased due to lower grade ore sourced from the GG1 pit. * Recovery rates decreased slightly as a portion of the ore stacked was transitional material. In addition, gold in circuit increased due to gold locked in the heap which is expected to be recovered in the upcoming quarters. * The AISC increased, albeit outperforming guidance, mainly due to increased sustaining capital spend, higher royalty rates, and increased unit processing cost which were partially offset by lower unit G&A costs. * Mining unit costs remained flat. * Processing unit costs increased from $6.14 to $6.56 per tonne due to higher use of cyanide and cement associated with the low grade GG1 materials stacked. * Sustaining capital costs increased from $0.6 million to $2.0 million due to increased capitalized waste at the Kao North pit. * Non-sustaining capital spend increased from $2.1 million to $3.8 million due to security upgrades and various process plant upgrades. * A mining contact was awarded to SFTP Mining BF S.A.R.L (“SFTP”), a local contractor, in late Q2-2020. As such, Karma successfully transitioned from owner mining to contract mining on June 8, 2020. As a part of the transition, the mining fleet at Karma and associated spare parts were sold to SFTP for $12.8 million.H1 2020 vs H1 2019 Insights * As guided, production increased due to the higher throughput rate and grade stacked. * AISC decreased as a result of higher ounces sold, lower unit processing and G&A costs and a lower strip ratio. Table 12: Karma Quarterly Performance IndicatorsFor The Quarter Ended Q2-2020 Q1-2020 Q2-2019 Tonnes ore mined, kt 1,288 1,229 1,057 Strip ratio (incl. waste cap) 2.73 3.03 4.35 Tonnes stacked, kt 1,238 1,114 1,047 Grade, g/t 0.81 1.02 0.86 Recovery rate, % 80 82 83 PRODUCTION, KOZ 20 28 21 Cash cost/oz 723 722 902 AISC/OZ 952 866 1,047 Table 13: Karma Half Yearly Performance IndicatorsFor The Half Year Ended H1-2020 H1-2019 Tonnes ore mined, kt 2,517 1,891 Strip ratio (incl. waste cap) 2.87 4.52 Tonnes milled, kt 2,352 2,142 Grade, g/t 0.91 0.77 Recovery rate, % 81 82 PRODUCTION, KOZ 48 43 Cash cost/oz 722 875 AISC/OZ 904 999 H2 2020 Outlook * Karma is expected to achieve the bottom end of its full year 2020 production guidance range of 100,000 - 110,000 ounces and the middle of its AISC guidance range of $980 - $1,050 per ounce. * Mining activity is expected to continue at the Kao North pit and GG1 throughout the remainder of the year. Processed grades are expected to increase in the latter portion of the year as production from GG1 increases. Tonnes stacked are expected to remain fairly stable outside of the rainy season. Recovery rates are expected to decline slightly throughout the year as the proportion of transitional ore increases, while gold-in-circuit is expected to be recovered. * Sustaining capital spend for FY-2020 is expected to amount to approximately $9.0 million (of which $2.7 million has been incurred in H1-2020), a decrease compared to the initial FY-2020 guidance of $13.0 million due to less mining maintenance required following the transfer to contract mining. * Non-sustaining capital spend for FY-2020 is expected to amount to approximately $9.0 million (of which all $5.9 million has been incurred in H1-2020), an increase compared to the initial FY-2020 guidance of $5.0 million due to process plant upgrades. Exploration Activities * An exploration program of up to $2.0 million has been planned for 2020 with the aim of in-fill drilling and testing extensions of known deposits.  * Minimal work has been done in H1-2020 as the Burkina Faso exploration efforts were focused on the numerous Houndé exploration targets. MANA MINEQ2 2020 vs Q1 2020 Insights * Following the outbreak of COVID-19 pandemic, a large portion of the underground mining team was placed in a 14-day quarantine as a preventive measure. Due to this, the underground operation was temporarily halted which resulted in a shortage of higher grade ore feed. In addition, the mill experienced downtime following a quarantine period once the roster change was made. As such, production during the quarter was slightly impacted. * Production decreased as a result of lower tonnes milled and a slightly lower recovery rate which were partially offset by higher processed grade. * Tonnes of ore mined from the open pit operations increased as mining focused on ore extraction, benefiting from the lower overall strip ratio. Open pit ore mined was sourced from both the Siou and Wona pits, while towards the end of the quarter stripping activities commenced in the northern part of Wona pit. * Tonnes of ore mined from the underground operation decreased due to a temporary halt of the underground mining activities as a result of the COVID-19 precautions. During the quarter, 1,636 meters of development were completed at Siou compared to 2,053 meters during Q1-2020. * Ore tonnes processed decreased as a result of a harder ore blend (additional ore sourced from Siou as less underground ore tonnes were extracted) and lower plant utilization due to quarantine periods following expatriate roster changes. * Recovery rates decreased slightly as the characteristics of the ore milled remained similar to Q1-2020. * AISC increased due to higher underground mining costs, higher processing unit costs and lower gold sales, partially offset by lower sustaining capital spend.    * Mining open pit unit costs decreased from $4.79 to $4.46 per tonne in part due to a lower fuel price. * Mining underground unit costs per tonne of ore increased from $60.26 to $69.31 as a result of the lower tonnes extracted. * Processing unit costs increased  from $18.19 to $21.42 per tonne due to lower tonnes milled. * Sustaining capital decreased from $16.9 million to $11.9 million due to less underground development in Q2-2020 and more waste stripping in the Wona North pit during Q1-2020. * Non-sustaining capital remained minimal.H1 2020 vs H1 2019 Insights * Production increased due to higher head grade and recovery rate which reflects the relative contribution of Siou underground and open pit (higher head grade and better recovery rate) than the ore from Wona pit. * AISC increased slightly due to a higher royalty cost related to the increase in the average realized selling price. Table 12: Mana Quarterly Performance Indicators For The Quarter Ended Q2-2020 Q1-2020 Q2-2019 OP tonnes ore mined, kt 390 211 479 OP strip ratio (incl. waste cap) 9.94 20.70 14.60 UG tonnes ore mined, kt 138 164 — Tonnes milled, kt 546 665 619 Grade, g/t 2.84 2.49 2.12 Recovery rate, % 93 94 88 PRODUCTION, KOZ 48 50 37 Cash cost/oz 857 645 805 AISC/OZ 1,251 1,051 1,152 Table 13: Mana Half Yearly Performance IndicatorsFor The Half Year Ended H1-2020 H1-2019 OP tonnes ore mined, kt 602 887 OP strip ratio (incl. waste cap) 13.72 15.80 UG tonnes ore mined, kt 302 — Tonnes milled, kt 1,211 1,259 Grade, g/t 2.65 2.20 Recovery rate, % 93 87 PRODUCTION, KOZ 97 78 Cash cost/oz 736 759 AISC/OZ 1,137 1,113 H2 2020 Outlook * Good progress has been made to swiftly integrate Mana within Endeavour’s West African operating model. A key difference between SEMAFO’s operating model and that of Endeavour is the reporting structure, where Endeavour’s mines benefit from the presence of technical experts and a logistics platform based locally at site rather than at the head office which allows for quick decision making and synergies. The integration planning process was launched with the SEMAFO team after the transaction announcement in March 2020 and implemented on transaction close. Several key personnel changes were made at Mana to accelerate the integration process into Endeavour’s operating model. * Mana is expected to achieve its full year guidance, as published by SEMAFO, and produce between 185,000 to 205,000 ounces in 2020 at an AISC of between $1,050 - $1,120 per ounce. * Open pit mining activity in H2-2020 is expected to focus solely on Wona once the Siou open pit mining activities are completed later this year, while underground mining activity is expected to increase. * AISC is expected to decrease in H2-2020 following higher contribution of the underground operation and sourcing more oxide ore from the Wona North pit which is expected to offset the slightly lower anticipated recovery rate due to change in ore blend. * Sustaining and non-sustaining capital spends for FY-2020 remain unchanged compared to SEMAFO’s published guidance, and are expected to amount to approximately $70.0 million and $2.0 million, respectively (of which $28.8 million and $0.3 million were incurred in H1-2020, respectively).BOUNGOU MINEQ2 2020 vs Q1 2020 Insights * Following the outbreak of COVID-19 pandemic, Boungou continued to process stockpiles with minimal impact. * Production decreased slightly as lower processed grades were partially offset by increased mill throughput. * No mining activity took place during the quarter. * Tonnes milled increased during the quarter as the plant processed stockpile over a three-month period compared to a two-month period in the first quarter. * As expected, the processed grade decreased due to the declining grade profile of the available ore stockpile. * Recovery rates remained flat as the characteristics of the ore milled remained similar to Q1-2020. * As expected, AISC increased due to the processing of lower grade stockpiles in the period. * Processing unit cost increased from $34.40 to $39.31 per tonne mainly due to higher rehandling costs. * Sustaining capital decreased from $0.5 million to $0.2 million. * Non-sustaining capital increased slightly from $0.6 million to $0.8 million in Q2-2020, mainly related to the air strip build.H1 2020 vs H1 2019 Insights * Production decreased from the comparative period in 2019 as a result of processing only stockpiles in H1-2020.Table 16: Boungou Quarterly Performance IndicatorsFor The Quarter Ended Q2-2020 Q1-2020 Q2-2019 Tonnes ore mined, kt — — — Strip ratio (incl. waste cap) — — — Tonnes milled, kt 270 200 200 Grade, g/t 3.69 5.29 7.19 Recovery rate, % 94 94 94 PRODUCTION, KOZ 31 29 63 Cash cost/oz 598 434 350 AISC/OZ 710 549 476 Table 17: Boungou Half Yearly Performance IndicatorsFor The Half Year Ended H1-2020 H1-2019 Tonnes ore mined, kt — 51 Strip ratio (incl. waste cap) — 18.50 Tonnes milled, kt 470 591 Grade, g/t 4.37 6.83 Recovery rate, % 94 96 PRODUCTION, KOZ 61 125 Cash cost/oz 521 343 AISC/OZ 635 505 H2 2020 Outlook * Good progress has been made to swiftly integrate Boungou within Endeavour’s West African operating model. A key difference between SEMAFO’s operating model and that of Endeavour is the reporting structure, where Endeavour’s mines benefit from the presence of technical experts and a logistics platform based locally on site rather than at the head office which allows for quick decision making and synergies. The integration planning process was launched with the SEMAFO team after the transaction announcement in March 2020 and implemented on transaction close. Several key personnel changes were made at Boungou, including the appointment of a West African General Manager, to accelerate the integration process into Endeavour’s operating model. * Boungou is expected to meet its full year guidance as published by SEMAFO and produce between 130,000 and 150,000 ounces in 2020 at an AISC of between $680 - $725 per ounce. * Boungou is expected to recommence mining activities in Q4-2020 once a new mining contract is awarded, the air strip is built and the security practice is fully integrated within Endeavour’s operating model. In the meantime, processed grades and recovery rates are expected to decrease as higher quality ore stockpiles are processed in priority.  * Sustaining and non-sustaining capital spends for FY-2020 remain unchanged compared to SEMAFO’s published guidance, and are expected to amount to approximately $10.0 million and $3.0 million, respectively (of which $0.7 million and $1.3 million were incurred in H1-2020, respectively).PROJECT UPDATE * While the main focus for 2020 is cash flow generation, Endeavour is continuing to build optionality within its portfolio by advancing studies and conducting exploration on both the Fetekro and Kalana projects.   * Studies are underway with the aim of publishing a Preliminary Economic Assessment (“PEA”) on Fetekro and a Preliminary Feasibility Study (“PFS”) on Kalana during H2-2020. * At Fetekro, an exploration program of up to $6.0 million had been budgeted for 2020, which has already been exceeded with approximately $8.0 million spent in H1-2020. The program mainly focused on the Lafigué deposit, in addition to initial drilling on the Iguela target. An updated Lafigué deposit resource estimate is planned to be published in Q3-2020.  * At Kalana, an exploration budget of up to $2.0 million has been planned for 2020 to follow-up on nearby targets, with the program expected to be conducted in H2-2020. * Once these studies on Fetekro and Kalana are published, Endeavour will be better positioned to decide which project to prioritize and advance to Feasibility stage.EXPLORATION ACTIVITIES * The H1-2020 Group exploration spend was $36.0 million, comprising of 234,866 meters drilled. Details by asset are provided in the mine sections above. * The main areas of focus in H1-2020 were Houndé and Ity near-mine exploration, aimed at extending their mine lives to beyond 10 years, and Fetekro with the aim adding optionality to Endeavour’s project pipeline. * H1-2020 greenfield exploration spend includes a 5,000-meter drilling campaign on the Tanda/Bondoukou property in Côte d’Ivoire which has yielded positive results.Table 18: Exploration Expenditures(in US$ million unless otherwise stated) Q2-2020 Q1-2020 H1-2020 Ity 6 6 12 Houndé 7 6 13 Fetekro 5 3 8 Agbaou 0 0 0 Karma 0 0 0 Kalana 0 0 0 Other greenfield 1 1 2 TOTAL 19 16 36 Amounts include expensed, sustaining, and non-sustaining exploration expenditures. Amounts may differ from MD&A due to roundingCASH FLOW BASED ON ALL-IN MARGIN APPROACHThe table below presents the cash flow for Endeavour for the three and six month periods ending June 30, based on the All-In Margin approach, with accompanying notes below.Table 19: Cash Flow Based on All-In Margin Approach    THREE MONTHS ENDED SIX MONTHS ENDED     June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019 in US$ million unless otherwise specified.   GOLD PRODUCTION, koz   149 172 171 321 292 GOLD SOLD, koz (Note 1) 150 175 171 324 292 Gold Price, $/oz (Note 2) 1,689 1,546 1,285 1,612 1,271 REVENUE   253 270 219 523 371 Total cash costs   (101) (115) (108) (216) (188) Royalties (Note 3) (18) (17) (11) (35) (20) Corporate costs   (5) (5) (5) (10) (11) Sustaining mining capital spend (Note 4) (17) (19) (11) (36) (22) Sustaining exploration capital spend   0 0 0 0 0 ALL-IN SUSTAINING MARGIN (Note 5) 112 113 84 225 130 Less: Non-sustaining mining capital spend (Note 6) (22) (18) (17) (40) (29) Less: Non-sustaining exploration capital spend (Note 7) (17) (15) (21) (32) (33) ALL-IN MARGIN   73 80 46 153 68 Changes in working capital and long-term assets, $ (Note 8) (28) 9 2 (19) (29) Taxes paid (Note 9) (20) (9) (30) (29) (31) Interest paid, financing fees and lease repayments (Note 10) (16) (20) (21) (36) (33) Cash settlements on hedge programs and gold collar premiums (Note 11) (17) 0 (1) (17) (1) NET FREE CASH FLOW   (8) 59 (3) 52 (26) Growth project capital (Note 12) (2) (2) (20) (4) (86) Greenfield exploration expense   (2) (1) (2) (3) (6) M&A, restructuring and asset sales (Note 13) 9 (10) 0 (1) 0 Cash paid on settlement of share appreciation rights, DSUs and PSUs   0 0 0 0 (1) Foreign exchange (losses) /gains   1 (1) (4) 0 (5) Other (expenses) /income (Note 14) (4) 3 1 (1) (2) Proceeds (repayment) of long-term debt (Note 15) 0 120 20 120 80 CASH INFLOW (OUTFLOW) FOR THE PERIOD   (6) 167 (6) 162 (46) Certain line items in the table above are NON-GAAP measures. For more information and notes, please consult the Company’s MD&A.NOTES: 1. Gold sales decreased by 25Koz in Q2-2020 compared to Q1-2020 as a result of lower production at the Ity, Karma and Agbaou mines. Gold sales increased in H1-2020 compared to H1-2019 due to higher production from the Ity mine which was  commissioned in Q2-2019. 2. The realized gold price for H1-2020 was $1,612/oz compared to $1,271/oz in H1-2019. Both these amounts include the impact of the Karma stream, amounting to 10,000 ounces sold in H1-2020 and 10,938 in H1-2019, at 20% of spot prices. The realized gold price excluding the gold stream at Karma, would have been $1,653/oz for H1-2020 and $1,311/oz for H1-2019. 3. The royalty expense increased from $100/oz in Q1-2020 to $119/oz in Q2-2020. The H1-2020 royalty expense was $109/oz, up from $69/oz for H1-2019, due to both the higher realized gold price and an increase in the underlying royalty rate based on the applicable sliding scale (above a spot gold price of $1,300/oz, government royalty rates in Burkina Faso increase from 4.0% to 5.0%, and above a spot gold price of $1,600/oz rates increase from 4.0% to 5.0% in Côte d'Ivoire). 4. The sustaining capital expenditure for Q2-2020 decreased slightly over Q1-2020 mainly due to a decrease in spend at Agbaou. The sustaining capital expenditure for H1-2020 increased compared to the corresponding period of 2019 mainly due to the scheduled waste capitalization at Houndé and the commissioning of the Ity CIL project, as shown in the table below. Further details by asset are provided in the above mine sections.  Table 20: Sustaining Capital(All amounts in US$m) THREE MONTHS ENDED SIX MONTHS ENDED   June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019     Agbaou 1 5 3 7 10   Ity CIL 2 1 0 3 0   Karma 2 1 1 3 2   Houndé 11 12 7 23 10   Total 17 19 11 36 22   1. The All-In Sustaining Margin for Q2-2020 remained flat over Q1-2020 as the higher realized gold price offset lower gold sales. The All-In Sustaining Margin for H1-2020 increased compared to the corresponding period of 2019 due to increased gold sales and increased realized gold price (described in Notes 1 and 2) which was partially offset by a higher cash costs, royalties and sustaining mining capital spend. 2. The non-sustaining capital spend increased in Q2-2020 compared to Q1-2020, due to increases at Houndé and Karma. The non-sustaining capital spend for H1-2020 increased compared to the corresponding period of 2019 mainly due to the TSF raise and waste capitalization at Ity, while spend decreased at Agbaou, Karma and Houndé, as shown in the table below. Further details by asset are provided in the above mine sections.Table 21: Non-Sustaining Capital(All amounts in US$m) THREE MONTHS ENDED SIX MONTHS ENDED   June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019     Agbaou 0 0 3 0 5   Ity CIL 11 11 0 22 0   Karma 4 2 9 6 12   Houndé 6 2 3 8 9   Non-mining 1 3 3 4 3   Total 22 18 17 40 29   1. The non-sustaining exploration capital spend for H1-2020 continued to remain high, in line with Endeavour’s strategic objective of unlocking exploration value through its aggressive drilling campaign. The majority of the exploration work planned for 2020 was conducted in H1-2020, ahead of the rainy season, with approximately 85% of the original full year guidance already completed. 2. The tables below summarize the Q2-2020 and H1-2020 working capital movements.Table 22: Working Capital Movement ─ Q2-2020 compared to Q1-2020  THREE MONTHS  ENDED     June 30, 2020 March 31, 2020 Q2-2020 Comments Trade and other receivables  (11) (7) Increased mainly due to a $7 million increase in VAT receivables at Houndé and a $5 million short-term loan to the BCM Group. Trade and other payables (10) +3 Settlement of Accounts Payable in the normal course of business. Inventories (7) +11 Increase of $8 million of GIC at Karma and Agbaou which was slightly offset by a decrease in  inventory supplies. Prepaid expenses and other — —   Changes in long-term assets 0 +2   Total (28) +9   Table 23: Working Capital Movement ─ H1-2020 compared to H1-2019  SIX MONTHS ENDED     June 30, 2020 June 30, 2019 H1-2020 Comments Trade and other receivables  (18) (4) Increase is mainly due to the increase in VAT receivable at Houndé and an increase in the receivable from BCM. Trade and other payables (7) +9 Settlement of Accounts Payable in the normal course of business. Inventories +3 (21) Inflow mainly related to the decrease in stockpiles, GIC and consumables at Ity and Houndé offset by an increase in GIC at Karma. Prepaid expenses and other 0 (4)   Changes in long-term assets +2 (8) Increased due to a $4.5 million inflow from BCM related to the Tabakoto sale, which was offset by a reclassification from long-term to short-term inventory at Ity Total (19) (29)   1. Taxes paid increased by $11.6 million in Q2-2020 compared to Q1-2020. This was due to corporate income tax payments made at Agbaou and Ity of $11.9 million and $7.5 million respectively. Taxes paid in H1-2020 decreased slightly compared to the previous year, despite significantly higher revenues, mainly due to a decrease of taxes paid at Houndé (due to installment payments being made).Table 24: Tax Payments  THREE MONTHS ENDED SIX MONTHS ENDED   June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019 (in US$ million) Agbaou 12 0 0 12 0 Karma 0 0 0 0 0 Ity 8 0 4 8 5 Houndé 1 6 25 7 25 Kalana 0 0 0 0 0 Exploration 0 2 0 2 0 Corporate 0 0 1 0 1 Total 20 9 30 29 31 1. The interest paid, financing fees and lease repayments decreased in Q2-2020 compared to Q1-2020 as the convertible bond coupon is payable during the first and third quarters. The amount for H1-2020 increased slightly compared to the corresponding period of H1-2019 mainly due to interest payment on equipment leases at Ity. 2. Cash settlements on hedge programs in H1-2020 includes a $5 million fee for the gold collar program and $20 million for its associated settlements, and an inflow of $7 million related to short-term forward sales in Q1-2020. The collar expired at the end of June 2020 with the final payment on the collar due to early Q3-2020. 3. Growth project spend decreased to  $2 million in Q2-2020 as the Ity CIL plant was completed in Q1-2019. The amount for H1-2020 of $4 million relates mainly to the Kalana project. 4. M&A, restructuring and asset sale activities in Q2-2020 include an inflow $10 million related to the sale of mining equipment, in addition to $2 million received for associated spares, to the newly appointed contactor miner at Karma and a $7 million outflow associated to advisory fees for the SEMAFO transaction. The $1 million outflow in H1-2020 also includes a $5 million payment for the increased Ity ownership (contingent consideration based on ounces discovered) and advisory M&A fees. 5. Other expenses in Q2-2020 were mainly comprised of  COVID-19 expenses relating to items such as donations.  6. $120 million was drawn on the RCF as a proactive measure in Q1-2020 to secure the company’s liquidity as part of its COVID-19 business continuity program.   NET CASHFLOW, NET DEBT AND LIQUIDITY SOURCES     * The table below summarizes operating, investing, and financing activities, main balance sheet items and the resulting impact on the company’s Net Debt position, with notes provide below.Table 25: Cash Flow and Net Debt Position for Endeavour    THREE MONTHS ENDED SIX MONTHS ENDED (in US$ million unless stated otherwise)   June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Net cash from (used in), as per cash flow statement:             Operating activities (Note 16) 57 126 62 183 85 Investing activities (Note 17) (48) (57) (69) (105) (178) Financing activities (Note 18) (16) 100 (1) 84 47 Effect of exchange rate changes on cash   1 (1) 1 0 0 INCREASE/(DECREASE) IN CASH   (6) 167 (6) 162 (46) Cash position at beginning of period   357 190 84 190 124 CASH POSITION AT END OF PERIOD (Note 19) 352 357 78 352 78 Equipment financing (Note 20) (64) (70) 98 (64) 98 Convertible senior bond (Note 21) (330) (330) (330) (330) (330) Drawn portion of revolving credit facility (Note 22) (430) (430) (310) (430) (310) NET DEBT POSITION (Note 23) 473 473 660 473 660 Net Debt / Adjusted EBITDA (LTM) ratio (Note 23) 1.00 1.06 2.75 1.00 2.75 Net Debt and Adjusted EBITDA are Non-GAAP measures. For a discussion regarding the company’s use of Non-GAAP Measures, please see "note regarding certain measures of performance" in the MD&A.Table 26: Pro Forma Net Debt Position(in US$ million) AS AT 30 JUNE, 2020 Endeavour SEMAFO Pro Forma Cash, $m 352 93 445 Cash from La Mancha equity investment, $m 0 0 100 Debt, $m 824 30 854 Net Debt, (Net Cash), $m 473 (64) 309 Net Debt / Adjusted EBITDA (LTM) ratio 1.00 n.a. 0.44 NOTES: 1. Net cash flow from operating activities for H1-2020 was $183 million, up $98 million compared to H1-2019. The main drivers were a $152 million increase in revenue, as a result of more gold sold (Ity commercial production only commenced in Q2-2019) at a higher realized gold price, a $5 million decrease in losses due to foreign exchange and a $3 million decrease in taxes paid which was partially offset by a $15 million increase in royalty costs and a $23 million increase in settlements related to the gold collar. In Q2-2020, there was a decrease in net cash flow from operating activities of $69 million compared to Q1-2020. This was mainly attributable to the negative non-cash working capital variance of $28 million compared to the positive $9 million variance in Q1-2020 (details in note 8 above), coupled with  a $17 million decrease in revenue as a result of 25koz fewer gold sold, a $17 million outflow related to gold collar fees and settlements, and an $12 million increase in taxes paid. 2. Net cash used in investing activities during H1-2020 was $105 million, down $73 million compared to H1-2019, mainly due Ity CIL construction being completed in Q1-2019. Net cash used in investing activities in Q2-2020 was down $9 million as Endeavour received $12 million of proceeds for the sale of its fleet at Karma and associated spares, as part of the shift to owner mining, whereas Q1-2020 included a $5 million payment for the increased Ity ownership (contingent consideration based on ounces discovered) 3. Net cash generated in financing activities in H1-2020 was $84 million, mainly related to the $120 million drawdown on the RCF in Q1-2020, which was offset by $17 million in interest payments and $19 million repayment of finance lease obligations. 4. The equipment finance lease obligations decreased in Q2-2020 due to scheduled lease payments. 5. At quarter-end, Endeavour’s liquidity remained strong with $352 million of cash on hand. Subsequent to quarter-end, Endeavour closed both the acquisition of SEMAFO and the associated $100 million investment from La Mancha. As such, as at June 30, 2020, its Pro Forma liquidity stood at $545 million. 6. In 2018, Endeavour issued a $330 million convertible note, maturing in February 2023. 7. In Q1-2020 as a precaution to ensure that Endeavour would have substantial liquidity and financial flexibility to operate under various stress-test scenarios relating to the COVD-19 pandemic, Endeavour drew down the entirety of its available revolving credit facility. Reimbursement of this facility has commenced and will continue during Q3-2020 and Q4-2020. 8. Net Debt for Endeavour amounted to $473 million at the end of H1-2020, a decrease of $187 million compared to the corresponding period in 2019. The Net Debt / Adjusted EBITDA ratio for Endeavour improved slightly over the quarter, decreasing from 1.06 times to 1.00 times mainly due to a slightly higher LTM adjusted EBITDA. Subsequent to quarter-end, Endeavour closed both the acquisition of SEMAFO and the associated $100 million investment from La Mancha. As such, as at June 30, 2020, its Pro Forma Net Debt stood at $309 million and its Pro Forma Net Debt / Adjusted EBITDA ratio stood at 0.44x. OPERATING CASH FLOW PER SHARE * Operating cash flow increased by $98 million in H1-2020 compared to H1-2019, amounting to $183 million or $1.66 per share in total. Further insights have been provided in Note 16 above. * Operating cash flow amounted to $57 million in Q2-2020 (or $0.52 per share), a decrease of $69 million compared to Q1-2020 with the largest factor related to the non-cash working capital variance of $37 million.Table 27: Operating Cash Flow Per Share(in US$ million unless stated otherwise) QUARTER ENDED YEAR ENDED   June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019     CASH GENERATED FROM OPERATING ACTIVITIES 57 126 62 183 85   Divided by weighted average number of O/S shares, in millions 111 111 110 111 110   OPERATING CASH FLOW PER SHARE 0.52 1.14 0.57 1.66 0.78   Operating Cash Flow Per Share is a NON-GAAP measure. For a discussion regarding the company’s use of NON-GAAP Measures, please see "note regarding certain measures of performance" in the MD&A. * Operating cash flow before non-cash working capital increased by $99 million in H1-2020 compared to H1-2019, amounting to $205 million or $1.85 per share. * Operating cash flow before non-cash working capital for Q2-2020 amounted to $85 million (or $0.77 per share) in Q2-2020, down $34 million over Q1-2020, mainly due to lower ounces sold, an outflow of $17 million related to hedging programs and an $11 million increase in taxes paid which was partially offset by an $11 million decrease in operating expenses.Table 28: Operating Cash Flow Before Non-Cash Working Capital Per Share(in US$ million unless stated otherwise) QUARTER ENDED YEAR ENDED June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019 CASH GENERATED FROM OPERATING ACTIVITIES 57 126 62 183 85 Add back changes in non-cash working capital  (28) 7 5 (21) (20) OPERATING CASH FLOWS BEFORE NON-CASH WORKING CAPITAL 85 119 57 205 105 Divided by weighted average number of O/S shares, in millions 111 111 110 111 110 OPERATING CASH FLOW PER SHARE  BEFORE NON-CASH WORKING CAPITAL 0.77 1.08 0.52 1.85 0.96 Operating Cash Flow Per Share is a Non-GAAP measure. For a discussion regarding the company’s use of Non-GAAP Measures, please see "note regarding certain measures of performance" in the MD&A.ADJUSTED NET EARNINGS PER SHARE * Adjusted Net Earnings amounted to $53 million in Q2-2020 (or $0.48 per share), an increase of $19 million compared to Q1-2020 due to the benefit of a strong gold price and lower depreciation. * Adjusted Net Earnings amounted to $86 million in H1-2020 (or $0.78 per share), an increase of $83 million compared to H1-2019 due to the benefit of higher production at a higher realized gold price. * Adjustments made in Q2-2020 and H1-2020 relate mainly to the loss on financial instruments, deferred income tax expense, share based compensation, and acquisition and restructuring costs.Table 29:  Net Earnings and Adjusted Net Earnings(in US$ million unless stated otherwise) QUARTER ENDED YEAR ENDED June 30, 2020 March 31, 2020 June 30, 2019 June 30, 2020 June 30, 2019 TOTAL NET EARNINGS (23) 35 7 13 (5) Adjustments (see MD&A) 92 7 8 99 18 ADJUSTED NET EARNINGS 69 43 15 112 13 Less portion attributable to non-controlling interests 16 9 7 26 9 ATTRIBUTABLE TO SHAREHOLDERS 53 34 9 86 4 Divided by weighted average number of O/S shares 111 111 110 111 110 ADJUSTED NET EARNINGS PER SHARE (BASIC) 0.48 0.30 0.08 0.78 0.03 FROM CONTINUING OPERATIONS Adjusted Net Earnings is a Non-GAAP measure. For a discussion regarding the company’s use of Non-GAAP Measures, please see "Note Regarding Certain Measures of Performance" in the MD&A.2020 OUTLOOK: PRODUCTION AND AISC GUIDANCE MAINTAINED DESPITE COVID-19 * As presented in the tables 30, 31 and 32 below, Endeavour is maintaining its FY-2020 production and AISC guidance. The Company expects to mitigate the impact of the COVID-19 pandemic due to the higher grade profile expected in H2-2020. * Endeavour is also maintaining SEMAFO's production and AISC guidance on Mana and Boungou and therefore expects the full year Pro Forma Group production to amount to 995—1,095koz in 2020 at an AISC of $865—915/oz. The Group consolidated amounts will be based on production and AISC commencing July 1, 2020, for the SEMAFO acquired assets. * Pro Forma Group production is expected to be higher and AISC lower during the second half of the year, notably due to the mining of the higher-grade Kari Pump deposit at Houndé and the restart of mining activities at the Boungou mine. More details on the updated individual mine guidance and outlook have been provided in the above sections. * Endeavour expects stronger cash flow generation in the second half of the year due to higher production, lower non-sustaining spend, lower exploration spend, the benefit of higher gold prices and the expiry of its gold collar program (with a cap of $1,500/oz for half its production) at the end of June 2020.Table 30: Guidance Summary1  ENDEAVOUR SEMAFO PRO FORMA Production, Koz 680 — 740 315 — 355 995 — 1,095 AISC, $/oz 845 — 895 895 — 960 865 — 915 Table 31: Detailed Production Guidance1(All amounts in koz, on a 100% basis) H1-2020A 2020 FULL-YEAR GUIDANCE Agbaou 52 115 — 125 Ity 108 235 — 255 Karma 48 100 — 110 Houndé 113 230 — 250 Mana 97 185 — 205 Boungou 61 130 — 150 PRO FORMA PRODUCTION 479 995 — 1,095 Table 32: Detailed AISC Guidance1(All amounts in US$/oz) H1-2020A 2020 FULL-YEAR GUIDANCE Agbaou 953 940 — 990 Ity CIL 707 630 — 675 Karma 904 980 — 1,050 Houndé 1,020 865 — 895 Mana 1,137 1,050 — 1,120 Boungou 635 680 — 725 Corporate G&A 36   30   Sustaining exploration —   5   PRO FORMA AISC 942 865 — 915 1This is a non-GAAP measure. Refer to the non-GAAP measure section of the MD&A for Endeavour and refer to the non-IFRS measures note in this press release for SEMAFO. 2Endeavour believes that operating and financial figures for SEMAFO are representative of the period ended June 30, 2020 as the Transaction closed on July 1, 2020. Figures presented and disclosed relating to SEMAFO operations represent classifications and calculations performed using consistent historical SEMAFO methodologies. Potential variances to existing Endeavour classifications and calculation methodologies may result in adjustments affecting results. Potential differences may include, but not limited to, classification of corporate costs and operating expenses, classification of mining, processing, and site G&A costs, classification of capitalized waste as sustaining and non-sustaining, valuation of stockpiles and gold in circuit. Accounting treatments and classifications will be aligned with Endeavour methodologies and policies. Pro forma information has not been adjusted and is comprised of the simple weighted average of information provided for each of Endeavour and SEMAFO. * The royalty cost, incorporated into the AISC calculation for Endeavour, has been guided on a gold price of US$1,350/oz. A portion of the higher royalties due to the higher gold price is expected to be netted against lower expected fuel costs. * As detailed in the table below, the FY-2020 mine sustaining capital expenditure guidance for Endeavour's mines is expected to remain unchanged at $83 million as an increase at Ity is expected to be offset by a decrease at Karma. While the nominal amount for H2-2020 is higher than that of H1-2020, due to higher expected production, it is expected to remain similar on a per ounce basis. * Endeavour is also maintaining SEMAFO's sustaining capital expenditure guidance on Mana and Boungou, and therefore expects the FY-2020 Pro Forma Group amount to stand at $163 million. More details on individual mine capital expenditures have been provided in the above sections.Table 33: Mine Capital Sustaining Expenditure Guidance(All amounts in US$m) H2-2020 GUIDANCE H1-2020 ACTUAL 2020 FULL-YEAR GUIDANCE Agbaou 10 7 17 Ity 5 3 8 Karma 6 3 9 Houndé 26 23 49 ENDEAVOUR MINES 47 36 83 Mana 41 29 70 Boungou 9 1 10 PRO FORMA 98 65 163 * As detailed in the table below, the FY-2020 non-sustaining mine capital expenditure guidance for Endeavour's mines is expected to increase from $42 million (as per initial guidance) to $55 million. The increases are at Ity where the aim is to commence the infrastructure work for the Le Plaque high grade deposit which was originally planned for 2021, and at Karma due to the capital already incurred in H1-2020. The FY-2020 non-sustaining mine capital expenditure was mainly H1-2020 weighted, with only 35% of the remaining capital spend to be incurred in the second half of the year. * Endeavour is maintaining SEMAFO's non-sustaining capital expenditure guidance on Mana and Boungou, and therefore expects the FY-2020 Pro Forma Group amount to stand at $60 million. More details on individual mine capital expenditures have been provided in the above sections.Table 34: Mine Capital Non-Sustaining Expenditure Guidance(All amounts in US$m) H2-2020 GUIDANCE H1-2020 ACTUAL 2020 FULL-YEAR GUIDANCE Agbaou 1 0 1 Ity 13 22 35 Karma 3 6 9 Houndé 2 8 10 ENDEAVOUR 19 36 55 Mana 2 0 2 Boungou 2 1 3 PRO FORMA 23 37 60 * FY-2020 growth capital spend is expected to amount to approximately $12 million, a slight increase of $2 million from the initial FY-2020 guidance of $10 million, mainly due to studies in progress on Kalana and Fetekro. * Roughly 85% of Endeavour's FY-2020 exploration expenditure guidance amount was incurred in H1-2020 ahead of the rainy season. As shown in the table below, the Pro Forma FY-2020 exploration spend is expected to amount to $45-50 million, inclusive of the SEMAFO assets.Table 35: Exploration Guidance(All amounts in US$m) H2-2020 GUIDANCE H1-2020 ACTUAL FULL-YEAR 2020 GUIDANCE Endeavour assets 4 - 9 36 40 - 45 SEMAFO assets 5 n.a 5 PRO FORMA 9 - 14 36 45 - 50 CONFERENCE CALL AND LIVE WEBCASTManagement will host a conference call and webcast on Wednesday August 5, at 8:30am Toronto time (ET) to discuss the Company's financial results.The conference call and webcast are scheduled at: 5:30am in Vancouver 8:30am in Toronto and New York 1:30pm in London 8:30pm in Hong Kong and Perth The webcast can be accessed through the following link: https://edge.media-server.com/mmc/p/mx9zr7txAnalysts and investors are also invited to participate and ask questions using the dial-in numbers below: International: +44 (0) 203 0095709 North American toll-free: +18662801157 UK toll-free: 08006941461Confirmation Code: 4792808The conference call and webcast will be available for playback on Endeavour's website. Click here to add Webcast reminder to Outlook CalendarAccess the live and On-Demand version of the webcast from mobile devices running iOS and Android:QUALIFIED PERSONSClinton Bennett, Endeavour's VP Metallurgy and Met 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 8665 mdeciccio@endeavourmining.com Brunswick Group LLP in London Carole Cable, Partner +44 7974 982 458 ccable@brunswickgroup.com Vincic Advisors in Toronto   John Vincic, Principal (647) 402 6375 john@vincicadvisors.com   ABOUT ENDEAVOUR MINING CORPORATIONEndeavour Mining is a multi-asset gold producer focused on West Africa, with two mines (Ity and Agbaou) in Côte d’Ivoire, four mines (Houndé, Mana, Karma and Boungou) in Burkina Faso, four potential development projects (Fetekro, Kalana, Bantou and Nabanga) and a strong portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Côte d’Ivoire, Mali and Guinea.  As a leading gold producer, Endeavour Mining is committed to 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.For more information, please visit www.endeavourmining.com.CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATIONThis news release contains "forward-looking statements" including but not limited to, statements with respect to Endeavour's plans and operating performance, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", and "anticipates". Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour operates. Although Endeavour 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. Please refer to Endeavour's most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business. AISC, all-in sustaining costs at the mine level, cash costs, operating EBITDA, all-in sustaining margin, free cash flow, net free cash flow, free cash flow per share, net debt, and adjusted earnings are non-GAAP financial performance measures with no standard meaning under IFRS, further discussed in the section Non-GAAP Measures in the most recently filed Management Discussion and Analysis.SEMAFO NON-IFRS MEASURESSome of the indicators used by Endeavour in this press release represent non-IFRS financial measures. These measures are presented as they can provide useful information to assist investors with their evaluation of the SEMAFO's and the pro forma performance. Since the non-IFRS performance measures presented in the below sections do not have any standardized definition prescribed by IFRS, they may not be comparable to similar measures presented by other companies. Accordingly, they 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 IFRS. The non-IFRS financial performance measures are defined below and reconciled to reported IFRS measures.SEMAFO reports total cash costs based on ounces sold. Endeavour believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors may find that the total cash cost per ounce sold provided useful information to assist investors with their evaluation of SEMAFO’s performance and ability to generate cash flow from its operations.All-in sustaining cost represents the total cash cost plus sustainable capital expenditures and stripping costs presented per ounce sold. Endeavour believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors may find that the all-in sustaining cost per ounce sold better meets their needs by assessing SEMAFO’s operating performance and its ability to generate free cash flow. SEMAFO classified sustaining capital expenditures which are required to maintain existing operations and capitalized stripping.Corporate Office: 5 Young St, Kensington, London W8 5EH, UKAttachments * 200805 - EDV NR - Q2 2020 Results VF * 200805 - EDV Q2 Presentation vF

2020-08-05 - Yahoo! Finance: AMX.V News

Amex Metallurgy Holes Deliver Consistent High Grade Head Grade of 27.70 g/t Au over 11.80 m in PEM-20-001 12.70 g/t Au over 16.60 m in PEM-20-002 5.65 g/t Au over 10.60 m in PEM-20-003

MONTREAL, QC / ACCESSWIRE / August 5, 2020 / Amex Exploration Inc.

2020-08-05 - Yahoo! Finance: SOLG.TO News

SolGold PLC Announces Board and Corporate Governance Update

As part of the Company's ongoing engagement with its investors and the continuing commitment to adopt best practice Corporate Governance standards, SolGold has developed new governance policies, processes and guidelines.

2020-08-05 - Yahoo! Finance: APY.TO News

Improved Earnings Required Before Anglo Pacific Group plc (LON:APF) Shares Find Their Feet

With a price-to-earnings (or "P/E") ratio of 7.2x Anglo Pacific Group plc (LON:APF) may be sending very bullish...

2020-08-05 - Latest updates

North American Monetary Metals Summit

2020-08-05 - Latest updates

August 2020 Corporate Presentation

2020-08-05 - Yahoo! Finance: OIC.V News

Origin Gold Announces Acceleration of Warrant Expiry Dates

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Origin Gold Corporation (“Origin Gold” or the “Company”) (TSXV: OIC) announces that today its share price has closed at $0.30, after closing at or above $0.1875 for the previous 9 consecutive trading days. In accordance with the terms of the TSXV Venture Exchange’s (“TSXV”) warrant repricing policies, this has triggered an automatic expiry acceleration clause (the “Clause”) in respect of certain of the Company’s common share purchase warrants. The terms of the 2,392,000 common share purchase warrants of the Company that are affected by the Clause (collectively, the “Expiring Warrants”) were amended in mid-2019 to reduce the exercise price from $0.25 to $0.15 per share and to extend the expiry date from August 25, 2019 to February 25, 2021 (the “Amended Terms”). For additional information concerning the Amended Terms, please see the Company’s press release dated May 28, 2019, which is available under the Company’s SEDAR profile at www.sedar.com. The TSXV consented to the Amended Terms on May 29, 2019.As a result of the Clause, the expiry date of the Expiring Warrants has been accelerated to a date that falls 30 days following the date of this news release, or September 3, 2020. Any Expiring Warrants that remain unexercised by 5:00 p.m. (Eastern time) on such date will expire and be cancelled.The acceleration of the expiry date of the Expiring Warrants is mandated by the TSXV, is not at the discretion of the Company, and is a TSXV policy consistent with the benefit received by the warrant holders relating to the Amended Terms.About Origin GoldOrigin Gold is a mineral exploration company with its exploration activities focused in Colombia.For additional information, please contact:Jaime Lalinde President and CEO jlalinde@fmresources.ca www.origingoldcorp.comCautionary Note Regarding Forward-looking InformationThis press release contains "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 acceleration of the expiry date of the Expiring Warrants. 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 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 the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. 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. 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 POLICIES OF THE TSX VENTURE EXCHANGE) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

2020-08-05 - Yahoo! Finance: BGM.V News

Splitit Raises $71.5 Million to Accelerate Growth

Splitit (ASX:SPT), the only global payment platform that enables shoppers to pay installments via their credit cards, announces today it has raised $71.5 million dollars in a private placement and share purchase plan ("SPP"). The fundraise has attracted a number of top institutional investors including Woodson Capital Management, L.P.

2020-08-04 - Yahoo! Finance: TES.V News

Tesoro Minerals Announces Upsizing of Previously Announced Private Placement

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Tesoro Minerals Corp.,  (TSXV: TES) ("Tesoro" or the "Company") is pleased to announce, further to the Company's press release dated June 18, 2020, an upsizing of its previously announced non-brokered private placement (the "Private Placement"). The upsized Private Placement will be for gross proceeds of up to $336,150 through the sale of up to 6,723,000 units (the "Units") at a price of $0.05 per ...

2020-08-04 - Yahoo! Finance: PG.TO News

Premier Gold Mines Reports 2020 Q2 Results

ALL AMOUNTS DISCUSSED ARE DENOMINATED IN U. DOLLARSTHUNDER BAY, ON, August 4, 2020 /CNW/ - Premier Gold Mines Limited ("Premier" or "The Company") (TSX: PG) (OTCPK: PIRGF) reports its operating and financial results for the three months ended June 30, 2020.

2020-08-04 - Yahoo! Finance: HI.V News

Highland Copper Announces Further Extension of Loan Maturity Date

LONGUEUIL, Quebec, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the maturity date for the repayment of outstanding indebtedness under its credit agreement with Greenstone Resources II LP and Osisko Gold Royalties Ltd., of US$4,500,000 (the “Loan”), was extended to August 15, 2020. Additional information about the Loan can be found in previous press releases including those issued on May 21, 2019 and July 2, 2020, each of which are available on the Company’s website at www.highlandcopper.com and on SEDAR at www.sedar.com. About HighlandHighland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. More information about the Company is available on the Company’s website at www.highlandcopper.com and on SEDAR at www.sedar.com.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:Denis Miville-Deschênes, President & CEO Tel: +1.450.677.2455 Email: info@highlandcopper.com

2020-08-04 - Yahoo! Finance: WPM.TO News

How To Play Gold's Recent Surge Right Now: Don't Buy Gold?

Gold managed to break above a nine-year base and completed its best monthly gain since 2016. So what's the best way to play the surging commodity?Wheaton Precious Idea: The VanEck Vectors Gold Miners ETF (NYSE: GDX) has outperformed the physical commodity but has since become "a little bit overbought," Piper Sandler senior technical research analyst Craig Johnson said on CNBC. If the ETF pulls back, it might be good to buy on the dip and investors may want to consider diversifying to other names.One idea is Wheaton Precious Metals Corp (NYSE: WPM), Johnson said. The stock remains in an uptrend from March lows and showing no signs of breaking down. The relative strength has also been "nicely improving.""As I go through our entire work that we got where we basically break down the entire marketplace into relative strength rankings, the gold, mining [and] silver groups are all making 26-week relative strength new highs and absolute new highs inside of our work," he said. "I think as a technician and investors, you can't really ignore that.Related Link: Gold Just Hit An All-Time (Nominal) High--How To Play The Trade With ETFsWhat About Copper? Gold has not proven to be a good hedge against inflation compared to stocks, Laffer Tengler Chief Investment Officer Nancy Tengler also said. Gold is more akin to a "safety play" but metals like copper is a "leading indicator on the economy.""We think this is bullish for the economy and we also think it's bullish for stocks," she said.But as the political calendar start to take over, Tengler said the commodity could see a correction followed up with a move to higher levels.See more from Benzinga * Howard Schultz Says 13.5M Small Businesses Could Close * Diageo's Full-Year Results Offer Glimpse Into Alcohol Sales During COVID-19 * Would You Like Some Merch With Your Chipotle Burrito?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

2020-08-04 - Yahoo! Finance: FTT.TO News

Finning reports Q2 2020 results

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Finning International Inc. (TSX: FTT) (“Finning” or the “Company” or “we”, “our” or “us”) reported second quarter 2020 results today. All monetary amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTS All comparisons are to Q2 2019 results unless indicated otherwise. * Q2 2020 net revenue(1)(3) of $1.3 billion was down 33%, including a 24% reduction in Canada’s product support revenue, as many customers parked equipment fleets and temporarily shut operations in response to low commodity prices and COVID-19 restrictions. * SG&A(2) decreased by 12%, down in all operations, driven by effective cost management and lower variable costs. * The Canada Emergency Wage Subsidy (“CEWS”) program allowed the Company to preserve a significant number of jobs and technical capabilities through a unique period of uncertainty. As a result, the Company recognized $64 million of wage subsidy in Q2 2020 as other income. Without the benefit of this wage subsidy, the Canadian operations would have taken available alternative actions, which would have reduced SG&A by $15 to 20 million in Q2 2020, an equivalent of approximately $0.08 per share. * Strong free cash flow(3) conversion in Q2 2020 resulted in free cash flow of $312 million, bringing year-to-date free cash flow to $262 million and further strengthening the Company’s financial and liquidity position. As at June 30, 2020, net debt to Adjusted EBITDA ratio(2)(3)(4) was 2.1, down from 2.8 at June 30, 2019. * The Company has accelerated existing strategic plans to drive productivity gains in Canada and South America, while maximizing flexibility and competitiveness to serve customers. As a result, the Company expects to reduce the global workforce by 8% by the end of 2020 from the end of 2019. * Q2 2020 EPS(2) of $0.12 included the benefit of the CEWS program of $0.30 per share and global severance and restructuring costs of $0.24 per share.“I am pleased with how our global teams have been navigating through various stages of lockdowns and re-openings across our regions, with a focus on safely servicing our customers and controlling what we can – costs and capital. In these challenging times, our Total Injury Frequency rate decreased by over 40%, and our customer loyalty scores increased by 20% in Q2 2020 compared to Q2 2019. In Q2 2020, our SG&A(2) was down 12% year over year, and our net capital expenditures were minimized to $7 million. This performance speaks to the resiliency of our business model and adaptability and engagement of our people,” said Scott Thomson, president and CEO of Finning International.“COVID-19 disruptions have significantly impacted our people, customers, and operations. Our challenges in the second quarter included postponed equipment orders and deliveries, an unprecedented slowdown in product support activity in most sectors, and reduced productivity and labour utilization at our branches. Where we have qualified, the use of government programs has helped us to preserve a significant number of jobs and technical capabilities through a unique period of significant uncertainty, and has provided an effective bridge to enable us to ramp up faster as the economy recovers.”“While Q2 was difficult and the pace of economic recovery in our regions remains uncertain, we have seen signs of our markets recovering since May, with notable increases in rental activity, machine utilization hours, and product support revenue run rates. With the recent recovery in oil prices, most oil sands producers have put their truck fleets back to work and are expected to be operating at pre-COVID-19 levels by the end of August. The price of copper has also improved, providing continued support and stability for copper mining in Chile. However, increased cases of COVID-19 infections in South America have presented a significant challenge for our customers and our operations in the region, and we have deployed necessary resources and efforts to maintain operations and keep our employees safe. In the UK and Ireland, construction and power systems projects have resumed, and earthmoving work on the High Speed Rail 2 mega-project, which represents a significant opportunity for Finning, is expected to begin later this year.”“Despite the unique times and numerous challenges we have faced, I am pleased with how our teams have stayed focused on what we set out to do at the beginning of the year, namely improving execution in South America, lowering the cost base in Canada, positioning to capture HS2 opportunities in the UK, and reducing our finance costs. Looking ahead, we are accelerating our strategic plans to position our business to achieve improved productivity, profitability, and ROIC(2)(3) in each region. I am confident that our continued vigilance on costs, improved productivity, and tight management of invested capital will ensure we maintain our financial strength and are well positioned to succeed in the upcoming recovery phase,” concluded Mr. Thomson.Q2 2020 FINANCIAL SUMMARYAll comparisons are to Q2 2019 results unless indicated otherwise.Quarterly Overview $ millions, except per share amountsQ2 2020 Q2 2019 % change  Revenue1,419 2,137 (34) Net revenue1,335 1,995 (33) EBIT(2)52 137 (62) EBIT as a percentage of net revenue(3)3.9%6.9%  EBITDA(3)130 213 (39) EBITDA as a percentage of net revenue(3)9.7%10.7%  Net income18 88 (79) EPS0.12 0.54 (78) Free cash flow312 (162)292  Q2 2020 EBITDA and EBIT by Operation $ millions, except per share amountsCanada South America UK & Ireland Corporate  & Other Finning Total EPS  EBITDA / EPS 110  24  4  (8 )130  0.12   CEWS support(60)- - (4)(64)(0.30) Severance costs20 17 4 1 42 0.20  Facilities restructuring costs and impairment losses5 4 - - 9 0.04  Adjusted EBITDA(3)(4) / Adjusted EPS(3)(4)75 45 8 (11)117 0.06  Adjusted EBIT(3)(4)28 23 (1)(11)39   Adjusted EBITDA as a percentage of net revenue(3)(4)10.6%9.8%4.9%- 8.8%  Adjusted EBIT as a percentage of net revenue(3)(4)4.0%5.1%(1.0%)- 2.9%   Q2 2019 EBITDA and EBIT by Operation $ millions, except per share amountsCanada South America UK & Ireland Corporate & Other Finning Total EPS  EBITDA / EPS138 62 23 (10)213 0.54  EBIT92 41 14 (10)137   EBITDA as a percentage of net revenue12.9%9.8%7.7%- 10.7%  EBIT as a percentage of net revenue8.5%6.5%4.8%- 6.9%   Invested Capital(3) and ROIC(2)(3)Q2 2020 Q2 2019 Q4 2019  Invested capital ($ millions)    Consolidated3,495 3,964 3,591  Canada2,037 2,285 2,026  South America (US dollars)812 983 918  UK & Ireland (UK pound sterling)207 235 210  Invested capital turnover(3) (times)1.71 2.04 1.92  Working capital(3) to net revenue ratio(3)29.9%26.7%27.8% Inventory turns (dealership)(3) (times)1.97 2.36 2.53  Adjusted ROIC(3)(4) (%)    Consolidated9.7 12.3 12.0  Canada11.6 15.4 14.4  South America11.2 8.5 10.5  UK & Ireland4.6 14.5 12.1  * Excluding the impact of foreign exchange, invested capital decreased by approximately $517 million from Q2 2019 mostly due to inventory reduction in all regions. Inventory decreased by $473 million compared to Q2 2019.Q2 2020 HIGHLIGHTS BY OPERATION All comparisons are to Q2 2019 results unless indicated otherwise. All numbers are in functional currency: Canada – Canadian dollar; South America – US dollar; UK & Ireland – UK pound sterling (GBP).Canada * Net revenue decreased by 34% with lower revenue across all sectors and lines of business reflecting challenging market conditions from COVID-19 and volatility in commodity prices. New equipment sales were down 49% due to significantly reduced customer activity, particularly in Alberta. Product support revenue declined by 24% as customers in the oil sands and other mining operations parked a portion of their fleets during Q2 2020 and postponed major rebuilds and non-essential maintenance. In the construction sector, product support volumes were impacted by parked fleets, lower equipment utilization hours, temporary shutdowns of customer operations, and deferral of some customer projects due to COVID-19. Used equipment sales improved sequentially from Q1 2020. Rental revenue was down 35% from Q2 of last year on lower rental utilization. * Due to a significant reduction in revenues year over year, the Company’s Canadian operations qualified for CEWS and, as a result, recognized $60 million of this wage subsidy in Q2 2020. The Company estimates that approximately 500 full-time jobs, including technical capabilities and talent, have been preserved in Canada as a result of this program. * SG&A was reduced by 11% compared to Q2 2019, a lower decrease compared to other regions due in part to the preservation of employment as a result of the above-noted government support program. Without the benefit of the wage subsidy, the Company would have taken available alternative actions in Canada, which would have reduced SG&A by a further $15 to 20 million in Q2 2020, and SG&A would have been approximately 20% lower than Q2 2019. * The Canadian operations are taking methodical and strategic actions to continue improving employee and facility productivity. These actions include re-shaping the facilities network and workforce reductions. As a result, the Company’s Canadian operations recorded severance and facility restructuring costs totaling $25 million in Q2 2020. The Canadian workforce is expected to be reduced by 11% by the end of 2020 from the end of 2019. * The Canadian operations benefitted from the strong performance of 4Refuel in Q2 2020. 4Refuel achieved 5% growth in Adjusted EBITDA on a 4% decline in net revenue compared to Q2 2019 and contributed $13 million of positive free cash flow in Q2 2020. 4Refuel contributed $33 million of positive free cash flow since the acquisition date of February 1, 2019. In July 2020, 4Refuel secured a fueling agreement with AECON for a portion of the Coastal GasLink Project in Northern British Columbia.South America * Net revenue decreased by 28% reflecting challenging market conditions across all countries and sectors, primarily as a result of COVID-19 impacts. New equipment sales were down 48% due to lower mining and construction deliveries in Chile, and a slowdown in customer activity in Argentina. Product support revenue declined by 17% as a result of lower product support volumes in Chilean mining operations and very weak market conditions in Argentina compared to Q2 2019. * Adjusted EBITDA as a percentage of net revenue was similar to Q2 2019. A shift in revenue mix to product support resulted in a higher gross profit margin relative to Q2 2019. The Company is successfully leveraging one common ERP(2) system to improve operating efficiencies and reduce cost to serve. SG&A costs decreased by 17% from Q2 2019 driven by improved execution in Chilean mining operations, benefits of one common ERP system, and cost savings from restructuring measures. The Company recorded severance and restructuring costs totaling US$15 million in South America in Q2 2020. Improved profitability in Chile from Q2 2019 was offset by a loss in Argentina due to a shutdown of the economy to stop the spread of COVID-19.United Kingdom & Ireland * Net revenue decreased by 45%, driven by 58% lower new equipment sales. Product support revenue decreased by 21%. Customer activity in construction and power systems markets slowed down significantly in compliance with COVID-19 lockdowns and restrictions. In power systems, the timing of project deliveries in the data centre and electricity capacity markets impacted revenue in Q2 2020. The Company has resumed execution of delayed projects, and expects to deliver additional large power systems projects currently in the backlog during the second half of 2020. * UK & Ireland’s SG&A costs were down by 24% from Q2 2019 reflecting cost reduction measures and a £4 million benefit from the UK government program to offset approximately 80% of furloughed employee salary costs. The Company did not realize any service benefits from employees who were furloughed. Nearly half of UK & Ireland employees were on furlough during Q2 2020.CORPORATE AND BUSINESS DEVELOPMENTSDividend The Board of Directors has approved a quarterly dividend of $0.205 per share, payable on September 3, 2020 to shareholders of record on August 20, 2020. This dividend will be considered an eligible dividend for Canadian income tax purposes. SELECTED CONSOLIDATED FINANCIAL INFORMATION $ millions, except per share amountsThree months ended June 30Six months ended June 30  2020 2019 % change fav (unfav) 2020 2019 % change fav (unfav)  New equipment382 774 (51)736 1,438 (49) Used equipment64 106 (39)132 187 (29) Equipment rental41 62 (34)94 120 (22) Product support820 1,023 (20)1,754 1,919 (9) Net fuel and other28 30  58 50   Net revenue1,335 1,995 (33)2,774 3,714 (25) Gross profit344 482 (29)762 912 (16) Gross profit as a percentage of net revenue25.7%24.1% 27.5%24.6%  SG&A(306)(350)12 (631)(693)9  SG&A as a percentage of net revenue(22.9)%(17.5)% (22.8)%(18.7)%  Equity earnings of joint ventures1 5  2 9   Other income64 -  64 -   Other expenses(51)-  (51)(29)  EBIT52 137 (62)146 199 (27) EBIT as a percentage of net revenue3.9%6.9% 5.3%5.4%  Adjusted EBIT39 137 (72)133 228 (41) Adjusted EBIT as a percentage of net revenue2.9%6.9% 4.8%6.1%  Net income18 88 (79)72 116 (38) Basic EPS0.12 0.54 (78)0.45 0.71 (37) Adjusted EPS0.06 0.54 (89)0.39 0.85 (54) EBITDA130 213 (39)300 347 (14) EBITDA as a percentage of net revenue9.7%10.7% 10.8%9.3%  Adjusted EBITDA117 213 (45)287 376 (24) Adjusted EBITDA as a percentage of net revenue8.8%10.7% 10.4%10.1%  Free cash flow312 (162)292 262 (509)151   June 30, 2020  Dec 31, 2019     Invested capital3,495 3,591     Invested capital turnover (times)1.71 1.92     Net debt to Adjusted EBITDA ratio2.1 2.0     ROIC10.0 %11.2%     Adjusted ROIC9.7%12.0%     To access Finning's complete Q2 2020 results in PDF, please visit our website at https://www.finning.com/en_CA/company/investors.html Q2 2020 INVESTOR CALL The Company will hold an investor call on August 5, 2020 at 10:00 am Eastern Time. Dial-in numbers: 1-800-319-4610 (Canada and US), 1-416-915-3239 (Toronto area), 1-604-638-5340 (international). The call will be webcast live and archived for three months at https://www.finning.com/en_CA/company/investors.htmlABOUT FINNING Finning International Inc. (TSX: FTT) is the world’s largest Caterpillar equipment dealer delivering unrivalled service to customers for over 87 years. Finning sells, rents, and provides parts and service for equipment and engines to help customers maximize productivity. Headquartered in Vancouver, B.C., the Company operates in Western Canada, Chile, Argentina, Bolivia, the United Kingdom and Ireland.CONTACT INFORMATION Amanda Hobson Senior Vice President, Investor Relations and Treasury Phone: 604-331-4865 Email: amanda.hobson@finning.com https://www.finning.comFOOTNOTES 1. Following the acquisition of 4Refuel, management views total revenue less cost of fuel (net revenue) as more representative in assessing the performance of the business as the cost of fuel is fully passed through to the customer and is not in the Company’s control. The Company’s results and non-GAAP financial measures, including key performance indicators and ratios, previously reported or calculated using total revenue or sales are now reported or calculated using net revenue. For South American and UK & Ireland operations, net revenue is the same as total revenue. 2. Earnings Before Finance Costs and Income Taxes (EBIT); Basic Earnings per Share (EPS); Earnings Before Finance Costs, Income Taxes, Depreciation and Amortization (EBITDA); Selling, General & Administrative Expenses (SG&A); Return on Invested Capital (ROIC); Enterprise Resource Planning (ERP). 3. These financial metrics, referred to as “non-GAAP financial measures”, do not have a standardized meaning under International Financial Reporting Standards (IFRS), which are also referred to herein as Generally Accepted Accounting Principles (GAAP), and therefore may not be comparable to similar measures presented by other issuers. For additional information regarding these financial metrics, including definitions and reconciliations from each of these non-GAAP financial measures to their most directly comparable measure under GAAP, where available, see the heading “Description of Non-GAAP Financial Measures and Reconciliations” in the Company’s Q2 2020 management discussion and analysis (MD&A). Management believes that providing certain non-GAAP financial measures provides users of the Company’s MD&A and consolidated financial statements with important information regarding the operational performance and related trends of the Company's business. By considering these measures in combination with the comparable IFRS financial measures (where available) set out in the MD&A, management believes that users are provided a better overall understanding of the Company's business and its financial performance during the relevant period than if they simply considered the IFRS financial measures alone. 4. Certain 2020 and 2019 financial metrics were impacted by significant items management does not consider indicative of operational and financial trends either by nature or amount; these significant items are described on pages 5 and 36-37 of the MD&A. The financial metrics that have been adjusted to take into account these items are referred to as “Adjusted” metrics.FORWARD-LOOKING STATEMENTS CAUTION This news release contains statements about our business outlook, objectives, plans, strategic priorities and other statements that are not historical facts. A statement we make is forward-looking when it uses what we know and expect today to make a statement about the future. Forward-looking statements may include terminology such as aim, anticipate, assumption, believe, could, expect, goal, guidance, intend, may, objective, outlook, plan, project, seek, should, strategy, strive, target, and will, and variations of such terminology. Forward-looking statements in this news release include, but are not limited to, statements: that the Company expects to reduce the global workforce by 8% by the end of 2020 from the end of 2019; about our ability to ramp up faster as the economy recovers; about signs of our markets recovering, with notable increases in rental activity, machine utilization hours and product support run rates; that most oil sands producers are expected to be operating at pre-COVID levels by the end of August; that the improved copper price will provide continued support and stability for copper mining in Chile; that earthmoving work on the High Speed Rail 2 mega-project in the UK represents a significant opportunity for Finning and is expected to being later this year; that we are accelerating our strategic plans to position our business to achieve improved productivity, profitability, and ROIC in each region; about our continued vigilance on costs, improved productivity, and tight management of invested capital, and that those measures will ensure we maintain financial strength and are well positioned to succeed in the upcoming recovery phase; and about the Canadian income tax treatment of the quarterly dividend. All such forward-looking statements are made pursuant to the ‘safe harbour’ provisions of applicable Canadian securities laws.Unless we indicate otherwise, forward-looking statements in this news release reflect our expectations at the date in this news release. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.Forward-looking statements, by their very nature, are subject to numerous risks and uncertainties and are based on a number of assumptions. This gives rise to the possibility that actual results could differ materially from the expectations expressed in or implied by such forward-looking statements and that our business outlook, objectives, plans, strategic priorities and other statements that are not historical facts may not be achieved. As a result, we cannot guarantee that any forward-looking statement will materialize. Factors that could cause actual results or events to differ materially from those expressed in or implied by these forward-looking statements include: the impact and duration of the COVID-19 pandemic and measures taken by governments and businesses in response; general economic and market conditions and economic and market conditions in the regions where we operate; foreign exchange rates; commodity prices; the level of customer confidence and spending, and the demand for, and prices of, our products and services; our ability to maintain our relationship with Caterpillar; our dependence on the continued market acceptance of our products, including Caterpillar products, and the timely supply of parts and equipment; our ability to continue to sustainably reduce costs and improve productivity and operational efficiencies while continuing to maintain customer service; our ability to manage cost pressures as growth in revenue occurs; our ability to negotiate satisfactory purchase or investment terms and prices, obtain necessary regulatory or other approvals, and secure financing on attractive terms or at all; our ability to manage our growth strategy effectively; our ability to effectively price and manage long-term product support contracts with our customers; our ability to reduce costs in response to slowing activity levels; our ability to attract sufficient skilled labour resources as market conditions, business strategy or technologies change; our ability to negotiate and renew collective bargaining agreements with satisfactory terms for our employees and us; the intensity of competitive activity; our ability to raise the capital needed to implement our business plan; regulatory initiatives or proceedings, litigation and changes in laws or regulations; stock market volatility; changes in political and economic environments; the occurrence of natural disasters, pandemic outbreaks, geo-political events, acts of terrorism, social unrest or similar disruptions; fluctuations in defined benefit pension plan contributions and related pension expenses; the availability of insurance at commercially reasonable rates and whether the amount of insurance coverage will be adequate to cover all liability or loss incurred by us; the potential of warranty claims being greater than we anticipate; the integrity, reliability and availability of, and benefits from, information technology and the data processed by that technology; and our ability to protect ourselves from cybersecurity threats or incidents. Forward-looking statements are provided in this news release for the purpose of giving information about management’s current expectations and plans and allowing investors and others to get a better understanding of our operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking statements for any other purpose.Forward-looking statements made in this news release are based on a number of assumptions that we believed were reasonable on the day they were made, including but not limited to (i) that we will be able to successfully manage our business through the current challenging times involving the effects of the COVID-19 response and volatile commodity prices; (ii) that we will maintain improved execution in South America and a lower cost base in Canada; (ii) that general economic and market conditions will improve; (iii) that the level of customer confidence and spending, and the demand for, and prices of, our products and services will be maintained; (iv) our ability to successfully execute our plans and intentions; (v) our ability to attract and retain skilled staff; (vi) market competition; (vii) the products and technology offered by our competitors; and (viii) that our current good relationships with Caterpillar, our suppliers, service providers and other third parties will be maintained. Some of the assumptions, risks, and other factors which could cause results to differ materially from those expressed in the forward-looking statements contained in this news release are discussed in Section 4 of the our current AIF, in the annual MD&A for the financial risks, and in the most recent quarterly MD&A for updated risks related to the COVID-19 pandemic.We caution readers that the risks described in the AIF and in the annual and most recent quarterly MD&A are not the only ones that could impact the Company. We cannot accurately predict the full impact that COVID-19 will have on our business, results of operations, financial condition or the demand for our services, due in part to the uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, the steps our customers and suppliers may take in current circumstances, including slowing or halting operations, the duration of travel and quarantine restrictions imposed by governments of affected countries and other steps that may be taken by such governments to respond to the pandemic. Additional risks and uncertainties not currently known to us or that are currently deemed to be immaterial may also have a material adverse effect on our business, financial condition, or results of operation.

2020-08-04 - Yahoo! Finance: FNV.TO News

Barrick Gold Gets In The Zone As Earnings Approach

Barrick Gold (GOLD) is in a potential buy zone as it gets ready to report earnings on Aug. 10. The stock is approximately 1% above a 28.60 buy point from a second-stage consolidation. Understand that buying a stock just ahead of earnings can be risky since you typically don't have enough time to build a profit cushion before the latest...

2020-08-04 - Yahoo! Finance: SMM.V News

Silver Mountain Mines Announces Private Placement

CALGARY, Alberta, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Silver Mountain Mines Inc. (TSX-V: SMM) ("Silver Mountain" or the "Company") is pleased to announce a non-brokered private placement of up to 2,000,000 flow-through units (“Flow Through Unit”) at a price of $0.25 per unit and up to 500,000 Common Share Units (“Common Share Units”) at $0.25 per unit for total cash proceeds of up to $500,000 (the "Offering"). Each Flow-Through Unit consists of one common share of the Corporation to be issued on a flow-through basis ("Flow-Through Share") and one (1) common share purchase warrant. Each common share purchase warrant ("Warrant") entitles the holder to acquire, subject to adjustment, one Common Share at a price of $0.35 per share on or before 4:30 p.m. (Calgary time) on or before December 31, 2023 (the "Expiry Date").Each Common Shares Unit consists of one common share of the Corporation ("Common Share") and one (1) Common Share purchase warrant. Each common share purchase warrant ("CS Warrant") entitles the holder to acquire, subject to adjustment, one Common Share at a price of $0.35 per share on or before 4:30 p.m. (Calgary time) on or before December 31, 2023 (the "Expiry Date").“The current market is providing SMM an opportunity to re-evaluate all the data to better understand where the potential high grade mineralization exist and to further develop the potential of significant polymetallic manto/vein mineralization in a historically rich mineralized area. We continue to believe that the results we have amassed over several programs warrants new interpretations, to the south within Iron Cap basin and to the east , in the unexplored Law creek area. Strong historical occurrences of known high grade mineralization demonstrate the discovery potential for additional mineralized targets throughout the property,” says Steve Konopelky, Director of the company.Past reported results (www.silvermountainmines.com) of weighted average drill intercepts include 4.60 metres grading 1,949 g/t Ag, 0.803 g/t Au and 0.72 % Cu, including 0.33 metres grading 22,945 g/t Ag, 5.75 g/t Au and 8.24% Cu and 1.49 metres grading 5,919 g/t Ag, 1.87 g/t Au and 2.18% Cu in hole PT14-118. Additional mineralized intercepts have been documented from the following holes: PT14-112 with 1.34 metres grading 1,208 g/t of Ag, 2.35 g/t Au and 1.26% Cu, including 0.29 meters grading 5,426 g/t Ag, 16.26 g/t Au and 3.21% Cu, PT14-116 with 1.0 metre grading 1,188 g/t of Ag, 0.55 g/t Au and 0.45% Cu, including 0.21 meters grading 5,261 g/t Ag, 2.18 g/t Au and 1.99% Cu and PT14-119 with 0.26 metres grading 5,243 g/t Ag, 2.20 g/t Au and 1.88% Cu. These past drill results, together with new interpretation may indicate additional high grade intercepts documented at shallower levels suggest at least three mineralized structures within the target area. The Company may pay a finders fee relative to the Offering and the securities issued in the Offering will be subject to a hold period of four months plus one day from closing and are further subject to such other applicable regulatory and TSX Venture Exchange approvals. The Company will use the proceeds of the private placement for exploration work, property evaluation, strategic alternatives and for working capital.About Silver Mountain Mines Inc. (TSX-V: SMM) Silver Mountain Mines Inc. is a Canadian based exploration and development company with 100% ownership of a 9,986 hectare property centered on the historical silver rich Ptarmigan Mine in south eastern, British Columbia. For further information on Silver Mountain Mines Inc. please visit the Company’s website http://www.silvermountainmines.com and SEDAR (www.sedar.com) or contact Mr. Steve Konopelky, Director of the Company.(403-229-9140) This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, or possible transactions or alternative business arrangements or relationships etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on several assumptions and factors that could cause actual results to differ materially from those in forward looking statements Silver Mountain Mines Inc. does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except to the extent required by applicable law. Neither the TSX-Venture Exchange nor its Regulation Services Provider, as per the term defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of the release.

2020-08-04 - Yahoo! Finance: ASM.TO News

Avino Silver & Gold Mines Ltd. Second Quarter 2020 Financial Results to be Released on Tuesday, August 11, 2020

VANCOUVER, Aug. 4, 2020 /CNW/ - Avino Silver & Gold Mines Ltd.

2020-08-04 - Yahoo! Finance: III.TO News

Berkshire Hathaway Position Boosted by Fairholme Fund in 2nd Quarter

Stake raised over 29% after 2019 sale Continue reading...

2020-08-04 - Yahoo! Finance: GBU.V News

2020 Second Quarter Report

LONDON, UK / ACCESSWIRE / August 4, 2020 / Gabriel Resources Ltd.

2020-08-04 - Yahoo! Finance: SDR.V News

Eric Sprott Announces Holdings, Including Historical Acquisition, of Securities of Stroud Resources Ltd.

Toronto, Ontario--(Newsfile Corp. - August 4, 2020) -  Eric Sprott announces his holdings of securities of Stroud Resources Ltd., all of which are held through 2176423 Ontario Ltd., a corporation which is beneficially owned by him. Mr. Sprott beneficially owns and controls 20,833,333 common shares of Stroud Resources (Shares) and 8,194,444 Share purchase warrants (Warrants), representing approximately 47% of the issued and outstanding Shares on a non-diluted basis and approximately 55.3% on a partially ...

2020-08-04 - The Northern Miner

Gold breaks US$2,000 to all-time record high

Gold’s rally took another upturn on Tuesday, as it surpassed US$2,000 per ounce. By midday, spot gold had hit US$2,009.20 per oz., and at press...

2020-08-04 - The Northern Miner

Barrick, Skeena reach deal on Eskay Creek

Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest bullion miner, said today that Canadian junior Skeena Resources (TSX-V: SKE) has decided to exercise an...

2020-08-04 - The Northern Miner

Pan American expands La Colorada deposit in Mexico

Silver producer Pan American Silver (TSX: PAAS; NYSE: PAAS) has updated the resource estimate for the La Colorada skarn deposit near its wholly owned La...

2020-08-04 - The Northern Miner

Lynas gets green light for waste treatment plant in Malaysia

Malaysia has approved Australian rare earths miner Lynas Corp.’s (ASX: LYC) application to build a permanent disposal facility for waste treatment, a minister said on...

2020-08-04 - The Northern Miner

Star Diamond reports sample results as Rio Tinto legal battle looms

Star Diamond (TSX: DIAM) has begun to receive results from Rio Tinto‘s bulk-sampling program at the Star-Orion South project in central Saskatchewan. Rio so far...

2020-08-04 - Yahoo! Finance: CKG.V News

IIROC Trading Resumption - CKG

VANCOUVER, BC, Aug. 4, 2020 /CNW/ - Trading resumes in: Company: Chesapeake Gold Corp.

2020-08-04 - Yahoo! Finance: TLO.TO News

Talon Metals Announces Best Efforts Public Offering of Common Shares

Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - August 4, 2020) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Corporation") is pleased to announce a best efforts public offering of common shares of the Corporation (the "Common Shares") for aggregate gross proceeds of up to $3 million (the "Offering") at a price of $0.26 per Common Share. ...

2020-08-04 - Latest updates

Jaxon Locates Contact Zone at Red Springs, Sends Samples to Assay Lab and Completes Payments Under Option Agreement, Securing 100% Control of Red Springs

2020-08-04 - Yahoo! Finance: VAU.V News

49 Public Companies to Present at the SNN Network Virtual Conference -- August 3-6, 2020.

LOS ANGELES, CA / ACCESSWIRE / August 3, 2020 / The SNN Network Virtual Conference will take place on August 3rd \\- 6th, 2020, where 49 SmallCap, MicroCap and NanoCap public companies will be presenting via virtual webcast to a global investor audience.

2020-08-04 - Yahoo! Finance: CDA.V News

Canuc Closes Private Placement

Toronto, Ontario--(Newsfile Corp. - August 4, 2020) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") announces the closing of a non-brokered Private Placement for gross proceeds of $650,000. The closing of this Private Placement results in issuance of 6,500,000 Units. Each Unit consists of one common share ("Common Share") priced at 10 cents and one half of one warrant ("Warrant"). Each Warrant entitles the holder to purchase one additional Common Share ...

2020-08-04 - Latest updates

Dolly Varden Targets High-grade Silver With 10,000 Meter Drill Program

2020-08-04 - AIS Resources TSX-V: AIS

A.I.S. Resources Announces Financing Price Increase

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that it is increasing the price of the previously announced non-brokered private placement (See news release dated July 22, 2020) from $0.02 to $0.04 per unit. (the “Private Placement“). The private placement at the revised price will consist of up to […]

The post A.I.S. Resources Announces Financing Price Increase appeared first on AIS Resources TSX-V: AIS.

2020-08-04 - Yahoo! Finance: NVO.V News

Novo Undertakes Transformative Acquisition to Fast-Track Planned Pilbara Conglomerate Gold Production

Not for Distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has today signed an arm’s length agreement to acquire all of the outstanding shares of privately held Millennium Minerals Limited (“Millennium”) from IMC Resources Gold Holdings Pte Ltd, Heritas Capital Management (Australia) Pty Ltd, and IMC Resources Ltd (collectively, “IMC”) (the “Acquisition”). Millennium’s assets are located approximately 10 km south of Novo’s 100% controlled Beatons Creek conglomerate gold project (the “Beatons Creek Project”) in the Nullagine region, Shire of East Pilbara, Western Australia (see Figure 1 below) and include the requisite processing infrastructure to accelerate Novo’s planned transition to a producing gold company1.   All amounts are in United States dollars unless otherwise indicated.Highlights: * Near-term Gold Production: Fast-tracks Novo’s transition to becoming Australia’s next junior gold producer via production at its Beatons Creek Project. This will enable Novo to progress its broader organic exploration on its numerous other gold projects across the Company’s approximately 13,750 km2 Pilbara tenure (see Figure 2 below). * Infrastructure in Place to Leverage Beatons Creek Project: The Acquisition provides Novo with key processing infrastructure, including a 1.5 Mtpa processing plant, tailings storage facility, contract power station, administration offices, assay laboratory, and a 230 room camp (the “Millennium Assets”) (see Figure 3 below). * Significantly Reduced Timeline to Production: The Acquisition will substantially reduce the timeline that would otherwise be required to bring the Beatons Creek Project into production. * Solidifies Novo’s Tier 1 Jurisdiction Exposure: Western Australia is the top-ranked globally recognized mining jurisdiction, according to the Fraser Institute2. Novo’s key focus is in the Pilbara Region of Western Australia, hosting extensive natural resources, operations and infrastructure. * Limited Dilution, Strong Balance Sheet: The Acquisition will result in modest equity dilution of approximately 15%, an exceptional outcome for an exploration company planning on transitioning to producer status.____________________1 A decision by Novo to place the Beatons Creek Project into production following the completion of the Acquisition might be made without being based on a technical report, preliminary economic assessment, pre-feasibility study or feasibility study of mineral reserves demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. It is further cautioned that the mineral resource is preliminary in nature and includes inferred 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. Mineral resources that are not mineral reserves do not have demonstrated economic viability.  2 Source - https://www.fraserinstitute.org/sites/default/files/annual-survey-of-mining-companies-2019.pdf“This transformative acquisition places Novo on the fast track to production,” commented Quinton Hennigh, Chairman, President, and director of Novo. “Novo entered the Pilbara region ten years ago on a largely conceptual basis and this transaction enables us to significantly accelerate our transition into a producing gold company. The Millennium Assets provide us with ideally suited infrastructure that should enable us to begin producing gold from our Beatons Creek Project several years earlier than our initial plan.”Hennigh continued, “Reaching the point at which we are today, the precipice of bringing conglomerate gold deposits into production, is the result of many years of hard work and creative innovation. Our path has included many milestones such as synthesizing a new geologic model for Pilbara conglomerate gold deposits, developing rigorous protocols for quantifying nuggety gold mineralization, conducting extensive bulk sampling, undertaking large scale trial excavation and processing, modeling resources around these unique deposits, negotiating multiple native title agreements, and seeking and receiving mining approvals, just to name a few. I am very grateful to the team at Novo for their dedication to achieving this important objective.”“Consolidation of the Nullagine gold field brings our aspiration of production into clear focus,” commented Rob Humphryson, CEO and director of Novo. "Importantly, the Millennium Assets also provide Novo with a technical hub to expedite assessment of field-generated mechanically sorted gold concentrates from the Company’s gold projects across the Pilbara.”Humphryson continued, “Novo has assembled an experienced operational team to advance the Company’s projects to production. I am delighted that the opportunity is now in hand to fast-track our planned transition to producer status given the current rising gold price environment.”Combining Millennium Infrastructure and the Beatons Creek ProjectThe Millennium Assets are integral to Novo’s path to production, commencing with Novo’s 100%-owned Beatons Creek Project, which contains indicated mineral resources comprising 6.6 million tonnes at 2.1 g/t for 457,000 oz contained gold, with additional inferred mineral resources of 4.3 million tonnes at 3.2 g/t for 446,000 oz contained gold (refer to the resource summary table attached as Figure 4 to this news release and a technical report prepared pursuant to National Instrument 43-101 entitled “NI 43-101 Technical Report, Mineral Resource Update, Beatons Creek Conglomerate Gold Project, Pilbara Region, Western Australia” with an effective date of February 28, 2019 and an issue date of May 13, 2019 (the “Beatons Creek Technical Report”). The Beatons Creek Technical Report was prepared by Dr. Simon C. Dominy (FAusIMM (CPGeo)) of Surrey, UK and Dr. Quinton T. Hennigh (P.Geo.) of Longmont, USA.  Dr. Dominy and Dr. Hennigh are qualified persons as defined under NI 43-101. The 2019 Technical Report is available under the Company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) website at www.sedar.com (filing date: May 13, 2019) and on the Company’s website at www.novoresources.com).Between commissioning in 2012 and being placed onto care and maintenance in 2019, the Millennium Assets supported historical production of 536,000 ounces of gold. Given an average throughput of 1.88 Mtpa over the past five years, the Nullagine gravity-CIL plant has the throughput capacity to treat mineralization from the Beatons Creek Project. Over the past several years, Novo has undertaken multiple metallurgical studies that indicated strong gravity and CN gold recoveries from both oxide and fresh Beatons Creek Project mineralization, thus making these compatible with the Nullagine milling circuit. Higher gravity recoverable gold will be achievable with minor modifications to the current gravity circuit.Millennium’s administration buildings and 230 room camp facilities provide capacity for Novo to operate at Nullagine. Nullagine is a two hours’ drive north of the major iron ore mining centre of Newman with a full-service airport with multiple flights from and to Perth every day.Additionally, Millennium’s assets include approximately 291 km2 of highly prospective mineral tenure covering much of the Middle Creek line and parts of the Blue Spec line, two structural corridors within the Mosquito Creek basin, host to numerous orogenic lode gold deposits. Millennium mined the oxide cap to many of these deposits between 2012 and 2019. Significant fresh mineralization remains, but Novo has not included this material in its future plans at this time.The Company intends to tender processing facility refurbishment works and major mining contracts in Q3 2020, recruit a capable workforce and commence critical systems developments and upgrades, grade control drilling on the Beatons Creek Project, and processing facility commissioning in Q4 2020, and commence mining in Q1 2021. Processing facility refurbishment works are scheduled to continue between Q3 2020 and Q1 2021. The Concurrent Financing (as defined below) will provide the Company with sufficient capital to ensure completion of this work.Acquisition SummaryUnder the terms of the agreements signed with IMC (the “Agreements”), Novo will acquire all of the outstanding ordinary shares of Millennium on a cash and debt free basis (except as described below) in exchange for approximately $44 million (A$61 million) of Novo units (each unit comprised of one common share and one-half of one common share purchase warrant priced on the same terms as the subscription receipts offering outlined below). Following completion of the Acquisition, Millennium will be required to repay IMC’s secured debt of approximately $49.8 million (A$69 million) by way of the payment of $43.3 million (A$60 million) in cash and the balance of $6.5 million (A$9 million) in Novo units (on the terms outlined above). To the extent Millennium does not have sufficient funds to repay IMC’s secured debt, Novo will provide funding to Millennium to allow repayment (and will issue the Novo units at Millennium’s direction).The equity consideration issued to IMC and the Novo units issued in repayment of debt will be subject to a statutory hold period expiring four months from the date of issuance; in addition, a further contractual hold period will apply to half of the Novo units issued to IMC, increasing the hold period to 12 months. If, subsequent to closing of the Acquisition, IMC holds 10% or more of Novo’s issued and outstanding shares, IMC will have the right to appoint a representative to Novo’s board of directors until its interest in Novo dilutes below 10%. Upon closing of the Acquisition, the IMC secured debt repayment and the Concurrent Financing (as defined below), it is anticipated that IMC will hold 9.47% of Novo’s issued and outstanding common shares.Novo has also agreed to pay to IMC deferred consideration in the form of a fee on future gold production equal to 2% of all gold revenue generated by Novo (the “Deferred Consideration”) up to the later of cumulative gold production of 600,000 ounces or cumulative payments of A$20 million having been made to IMC.The Agreements provide for, among other things, customary representations, warranties, and termination rights including mutual material adverse change clauses. The completion of the Acquisition is expected to occur during the third quarter of 2020 and is subject to working capital adjustments and customary closing conditions including closing of the financings detailed below and receipt of certain regulatory and other approvals. The Company is not required to obtain Australian Foreign Investment Review Board approval for the Acquisition because it is relying on an exemption certificate granted to the Company in 2017. No finder’s fee is payable in connection with the Acquisition.Acquisition FinancingThe Acquisition and repayment of the IMC secured debt will be funded from a combination of debt and equity (collectively, the “Concurrent Financing”) including: * C$30 million (approximately $22.4 million) brokered private placement of subscription receipts (the “Offering”) * $60 million secured credit facility (the “Sprott Facility”) from Sprott Private Resource Lending II (Collector), LP (“Sprott”).Private Placement of Subscription ReceiptsAs an integral part of the Acquisition, Novo has entered into an agreement with a syndicate of agents led by Clarus Securities Inc. and Stifel GMP (the “Agents”) for a marketed private placement of 9,230,769 subscription receipts (the “Subscription Receipts”) at a price of C$3.25 per Subscription Receipt for gross proceeds of C$30 million (approximately $22.4 million) which will be placed in escrow and released immediately prior to closing of the Acquisition. The Agents will have an option (the “Over-Allotment Option”) to offer up to an additional 15% in Subscription Receipts up to 48 hours prior to closing of the Offering. The Agents will have no obligation to exercise the Over-Allotment Option.The Subscription Receipts will be issued pursuant to a subscription receipt agreement (the “Subscription Receipt Agreement”) to be entered into by the Company, the Agents, and a licensed Canadian trust company as subscription receipt agent to be agreed upon by the Company and the Agents. Pursuant to the Subscription Receipt Agreement, the proceeds from the Offering except for 50% of the Agents’ cash commission and all of the Agents’ expenses (the “Escrowed Funds”) will be held in escrow pending satisfaction of certain conditions including, amongst others, (a) the satisfaction or waiver of each of the conditions precedent to the Acquisition other than the completion of financings to raise the funds required to pay the cash portion of the purchase price for the Acquisition which will be completed concurrently with the release of the Escrowed Funds; and (b) the receipt of all required regulatory (including TSXV) approvals in connection with the Acquisition and the Offering (“Escrow Release Conditions”). If the Escrow Release Conditions have not been satisfied on or prior to 5:00 p.m. (Toronto time) on November 2, 2020 (the “Termination Time”), the holders of Subscription Receipts will receive a cash amount equal to the issue price of their Subscription Receipts and a proportionate amount of any interest that has been earned on the Escrowed Funds, and the Subscription Receipts will be null and void.Provided that the Escrow Release Conditions have been satisfied prior to the Termination Time, each Subscription Receipt will automatically be exchanged for one unit of Novo (an “Unit”), each Unit comprised of one common share of Novo (a “Share”) and one-half of one Share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder thereof to acquire one Share at a price of C$4.40 for a period of 36 months after the closing of the Offering, on the date that is the earlier of : 1. the date that is three business days following the issuance by the British Columbia Securities Commission, as principal regulator, of a receipt (the “Final Receipt”) of the Qualifying Jurisdictions (as defined below) where the Subscription Receipts are sold, for a final short form prospectus qualifying the Units underlying the Subscription Receipts; and   2. the date that is four months and one day following the date of closing of the Offering.The Company has agreed to use its commercially reasonable efforts to obtain a receipt from the applicable securities regulatory authorities for a (final) prospectus qualifying the distribution of the Shares and Warrants (as defined herein) issuable upon conversion of the Subscription Receipts (the “Qualifying Prospectus”) by 5:00 p.m. (Toronto time) on the date that is 90 days from the closing date of the Offering (the “Qualification Deadline”). In the event the Final Receipt is not obtained by the Qualification Deadline, the Units will be comprised of one Share and a whole Warrant (as opposed to one-half-of-one Warrant).The Subscription Receipts to be issued under the Offering will be offered by way of private placement exemptions in all the provinces of Canada except Quebec (the “Qualifying Jurisdictions”). The Subscription Receipts and the Warrants, and the Shares underlying the Subscription Receipts and the Warrants respectively, will be subject to a statutory four-month hold period in accordance with Canadian securities legislation, unless qualified under the Qualifying Prospectus.The net proceeds from the Offering will be used principally to fund the Acquisition, for capital expenditures relating to the restart of Millennium’s infrastructure, and for general corporate working capital purposes related thereto.Credit FacilityIn conjunction with the Acquisition, Novo has entered into a four-year credit facility with Sprott for an aggregate amount of $60 million. The funds will be available in two tranches, the first $35 million being available upon closing and the second $25 million available to be drawn until March 31, 2021, at Novo’s sole discretion, upon delivery of a pre-feasibility study on the Beatons Creek Project acceptable to Sprott. The facility will bear interest at 8% plus the greater of US 3-month LIBOR or 1%, and will be repayable in equal quarterly installments commencing 24 months from closing.The Sprott Facility will be completed in connection with the closing of the Acquisition. The Sprott Facility is subject to completion of definitive documentation and other customary closing conditions.  Upon completion of the Sprott Facility, Novo will issue to Sprott $3.6 million worth of Shares which will be subject to a statutory hold period expiring four months from the date of issuance.Advisors and CounselCIBC World Markets Inc. is acting as financial advisor, Johnson Winter & Slattery is acting as Australian legal counsel, and Owen Bird Law Corporation is acting as Canadian legal counsel for Novo.Azure Capital is acting as financial advisor, DLA Piper as Australian legal counsel and Stikeman Elliott as Canadian legal counsel for IMC.Dr. Quinton Hennigh, P. Geo., the Company’s President, Chairman and a director, and a qualified person as defined by National Instrument 43-101, has approved the technical contents of this news release.About Novo Resources Corp. Novo’s focus is primarily to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 13,750 square kilometres with varying ownership interests. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.comOn Behalf of the Board of Directors,Novo Resources Corp. “Quinton Hennigh” Quinton Hennigh President and Chairman 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. Forward-looking information Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation). These include statements (the “forward-looking statements”) regarding Novo’s intent, or the beliefs or current expectations of Novo’s management. When used in this news release, words such as “will”, “would”, “expect”, “target”, “potential”, “objective”, “subject to”, “expected to” and similar words or expressions identify these forward-looking statements as well as phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “occur” or “be achieved” or the negative connotation of such terms. Forward looking statements in this news release includes, without limitation, the estimation of mineral resources at the Company’s Beatons Creek project, the satisfaction of conditions with respect to the Acquisition and the Sprott Facility and the timing of the completion thereof, the completion and timing of the Offering and the planned use of proceeds therefrom, the receipt of required TSXV acceptance of the various transactions described in this news release, and the Company’s plans to put the Beatons Creek Project into production. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, without limitation, the risk factors identified in Novo’s Annual Information Form for the year ended January 31, 2020, which is available on SEDAR at www.sedar.com. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.Cautionary Note to U.S. Readers Regarding Estimates of Inferred, Indicated and Measured Resources This news release uses the term "inferred mineral resources", "indicated mineral resources" and "measured mineral resources". We caution U.S. investors that while these terms are recognized and required by Canadian regulations, they are not recognized by the U.S. Securities and Exchange Commission (the “SEC”). "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimates of "inferred mineral resources" may not form the basis of a feasibility study or prefeasibility studies. U.S. investors are cautioned not to assume that any part or all of an “inferred mineral resource” exists or is economically or legally mineable.  The terms "indicated mineral resources" and "measured mineral resources" are not defined under SEC Industry Guide 7 and are not normally permitted to be used in documents filed with the SEC. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.This news release does not constitute an offer for sale, or a solicitation of an offer to buy, in the United States or to any “U.S Person” (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “1933 Act”)) of any equity or other securities of Novo. The securities of Novo have not been, and will not be, registered under the 1933 Act or under any state securities laws and may not be offered or sold in the United States or to a U.S. Person absent registration under the 1933 Act and applicable state securities laws or an applicable exemption therefrom.PDFs accompanying this announcement are available at:http://ml.globenewswire.com/Resource/Download/7b492cca-7492-4d65-bc4a-f9e308906c4ahttp://ml.globenewswire.com/Resource/Download/df619366-5ae3-41ba-b963-42d7cae23bfehttp://ml.globenewswire.com/Resource/Download/444fe12b-663e-4317-b92c-cbd14b562bf1http://ml.globenewswire.com/Resource/Download/0161b021-926e-470d-bf0b-fd4b6cacd4f5

2020-08-04 - Yahoo! Finance: GPY.V News

Golden Predator Reports Brewery Creek Mineral Resource Estimate to Be Released in August 2020

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports that Gustavson Associates, LLC, retained to prepare an updated Mineral Resource Estimate incorporating the 2019 drill results into the resource model by the end of July 2020, has notified the Company that the results will be available no later than August 25th, 2020. Gustavson Associates, LLC cited several factors including: 1. Personnel assigned to this phase of the project  left the firm for another opportunity. This resulted in a significant reduction in capacity and has affected the project schedule; 2. Inefficiencies due to a change in their typical workflow and practices amidst the current pandemic.While the Company is disappointed in this delay it understands the uniqueness of the situation and looks forward to receipt of the new mineral resource estimate.Brewery Creek Mine: Resources1The Company anticipates the release of a new Mineral Resource Estimate by August 25th which will fully integrate all drilling to date. This will supersede the  2019 Mineral Resource Estimate:2019 Brewery Creek Mineral Resource Estimate(1) OxideTonnesg/tGold Oz. Indicated21,140,0001.13765,000 Inferred14,120,0000.97440,000      SulfideTonnesg/tGold Oz. Inferred8,570,0000.99270,000 2019 drilling results and materials on the heap leach pad were not included in the resource update.  The technical content of this news release has been reviewed and approved by Michael Maslowski, CPG, a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Chief Operating Officer. About Golden Predator Mining Corp.Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. The Brewery Creek Mine project has established mineral resources grading over 1.0 g/t Gold with planning studies currently underway by to consider the feasibility of restarting the mine. Drilling continues to expand the open-ended mineralized areas and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon. The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.For additional information: Janet Lee-Sheriff Chief Executive Officer (604) 260-8435 info@goldenpredator.com www.goldenpredator.com 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the Brewery Creek will advance to an early production decision, or the extent of any additional mineral resource that could result from incorporating 2019 exploration drilling. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change. 1. The 2019 Mineral Resource Estimate was conducted in accordance with CIM guidelines and is reported in a NI 43-101 Technical Report available on SEDAR and the Company’s website.

2020-08-04 - Yahoo! Finance: CTEC.V News

Early Warning Report Issued Pursuant to National Instrument 62-103 Central Timmins Exploration Corp.

/NOT FOR DISTRIBUTION TO U. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

2020-08-04 - Yahoo! Finance: RYR.V News

Royal Road Announces Closing of C$11.5 Million Bought Deal Financing

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - August 4, 2020) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce that further to its news release dated July 14, 2020, the Company has closed its previously announced "bought deal" prospectus offering, including the full exercise of the over-allotment option granted to the underwriters, through the issuance of an aggregate of 31,222,500 ...

2020-08-04 - Yahoo! Finance: CYP.V News

Cypress Development Grants Incentive Stock Options

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) has granted an aggregate of 350,000 incentive stock options (the "Options") to advisors and consultants of the Company. The Options are exercisable at $0.345 per share for a period of five years from the date of grant.  The Options have been granted under and are governed by the terms of the Company's incentive stock option plan. The issuance of incentive stock options is subject to TSX Venture Exchange acceptance.  About Cypress Development Corp.:Cypress Development Corp. is a publicly traded exploration company focused on developing the Company's 100%-owned Clayton Valley Lithium Project in Nevada. The Company has approximately $1.1 million in its treasury, no debt, and approximately 91.1 million shares issued and outstanding.To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.CYPRESS DEVELOPMENT CORP.“Dr. Bill Willoughby”                                                             WILLIAM WILLOUGHBY, PhD., PE Chief Executive OfficerFor further information contact myself or: Don Myers Cypress Development Corp. Director, Corporate Communications Telephone: 604-639-3851 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@cypressdevelopmentcorp.comNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

2020-08-04 - Yahoo! Finance: PUMA.V News

Puma Exploration and El Nino Ventures Terminate the Murray Brook Purchase Agreement

RIMOUSKI, Quebec, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Puma Exploration Inc., PUMA-TSXV, (“Puma”) and El Nino Ventures, ELN-TSXV, (‘’El Nino’’) have terminated the amended and restated asset purchase agreement signed on October 5, 2016, as amended thereafter. Pursuant to the last amendment signed by Puma and El Nino, Puma had until July 31, 2020, to proceed with the final $1-million cash consideration or to agree on an alternative agreement to deal with the acquisition of the Project. Puma will execute the requirements of the termination according to the amended agreement (see news release 09/07/2019). Puma retains no interest in the Murray Brook Deposit nor in the Murray Brook East property. ADDITIONAL CORPORATE UPDATE PUMA EXPLORATION CLOSES $500,000 PRIVATE PLACEMENT Puma has closed a fully-subscribed private placement for an amount of $500,000. The Company issued 5 million units (“Units”) at the price of $0.10 per Unit. Each Unit is comprised of one (1) flow-through common share (a “Flow-Through Common Share”) and one half (1/2) common share purchase warrant (each whole warrant, a “Warrant”), each Warrant entitling the holder to purchase an additional common share (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of twenty-four (24) months following the Closing Date.In connection with the private placement, the Company has paid cash finders' fees in an amount of $32,560 and issued 325,600 finders' warrants, each entitling the holder to acquire one additional common share of Puma at a price of $0.10 for 24 months. All securities issued to purchasers and finders under the offering are subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The placement has received the conditional approval of the TSX Venture Exchange. The Company will use the proceeds of the offering to explore its current flagship Triple Fault Gold Project.Two (2) insiders of the Company participated in the placement for aggregate gross proceeds of $25,000. The insiders purchased units under the same terms as the other investors. The participation of these insiders is exempt from the formal valuation and shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, on the basis that the fair market value of such participation or the consideration paid by such insiders does not exceed 25 per cent of the market capitalization of the Company.WARRANTS REPRICING Puma, subject to acceptance by the TSX Venture Exchange, wishes to modify the exercice price of the warrants previously issued in connection with its non-brokered private placements of units that were closed in December 2018, September 2019, and December 2019. A total of 6,346,950 warrants will be repriced to $0.20. The expiry date remains the same. Holders of these warrants will be receiving their new warrant certificates shortly with the following amendments:Under the terms of the December 2018 financing, 638,000 warrants were issued at $1.00 with an expiry date of December 31, 2020. The Company will now proceed to reprice these warrants to $0.20.Under the terms of the September 2019 financing, 4,366,450 warrants were issued at $0.50 with an expiry date of September 27, 2023. The Company will now proceed to reprice these warrants to $0.20.Under the terms of the December 2019 financing, 1,342,500 warrants were issued at $0.35 expiring in December 2021. The Company will now proceed to reprice these warrants to $0.20.GRANT OF OPTIONS Puma, pursuant to its Stock Option Plan and subject to regulatory acceptance, has granted an aggregate total of 1,000,000 incentive stock options to certain directors, officers and consultants of the Company, vesting immediately. These options will be exercisable at a price of $0.15 per common share and will expire on August 4, 2025.TRIPLE FAULT GOLD AREAPuma is currently focusing its field work on its flagship TRIPLE FAULT GOLD PROJECT in New Brunswick. The initial phase of the program incorporates large detailed prospecting, mapping, trenching, and stripping focused over the entire Williams Brook Gold property of the Triple Fault Gold Project. The Williams Brook Gold property includes selected drill results of 11.2 g/t over 2.8m, 1.0 g/t over 23 m, gold occurrences grading up to 50.8 g/t Au in bedrock, numerous gold soil anomalies and extremely anomalous till samples with up to 508 gold grains that occur over an area approximately 12 by 3 kilometres.The Triple Fault Gold Project includes four (4) properties named Williams Brook Gold, Jonpol Gold, Rocky Brook, and Portage Lake and controls more than 25,000ha of favorable gold exploration. There are many gold occurrences up to 50.8 g/t Au, 40 g/t Au, 28 g/t Au, 17 g/t Au with previous holes intersected 11.2 g/t over 2.8m, 8.02 g/t Au over 1.0m, 1.0 g/t over 23.0m, 3.46 g/t Au over 2.0m. There has been very limited drilling and exploration in the area with excellent access by the paved Route 180 close to the mining camp infrastructure. The Dunnage Zone hosts major gold deposits and gold occurrences in siluro-devonian host rocks with the emergence of many companies in Eastern Canada for gold exploration and development.QUALIFIED PERSONS Marcel Robillard, PGeo, 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.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 / LinkedIn Learn more by consulting www.pumaexploration.com for further information on Puma. Marcel Robillard, President(418) 724-0901president@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.

2020-08-04 - Yahoo! Finance: BHS.V News

Bayhorse Closes First Tranche of Flow-Through Financing

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Bayhorse Silver Inc (TSXV: BHS) (the "Company" or "Bayhorse") has closed the first tranche of the its previously announced 5 million Unit Flow-Through Private Placement for 3,360,000 Units for gross proceeds of $420,000. Each Flow-Through Unit will consist of one common share of the Company and one transferable common share purchase warrant exercisable into one common share of the Company at an exercise price of ...

2020-08-04 - The Northern Miner

The Northern Miner Podcast – episode 198: Teck CEO Don Lindsay on the shift to copper, China and India, energy and ESG

This week’s episode features a wide-ranging interview with Teck Resources president and CEO Don Lindsay at the Canadian Mining Symposium on June 17, 2020. Northern...

2020-08-04 - Yahoo! Finance: NGT.TO News

Gold is hitting new highs — these are the stocks to consider buying now

The guidance came from Caesar Bryan, one of the best gold analysts in the business. Bryan has managed the Gabelli Gold Fund (GLDAX) for 26 years, and he’s simply crushed his benchmark MSCI World/Metals & Mining Index. Here’s last week’s column on gold: ‘Gold is going higher’ despite recent surge.

2020-08-04 - Yahoo! Finance: CKG.V News

Chesapeake Gold Arranges $20 Million Private Placement Financing

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company"), is pleased to announce that it has arranged a non-brokered private placement of 4,000,000 common shares ("Common Shares") at a price of $5.00 per share for gross proceeds of $20,000,000 (the "Private Placement"). Of that amount, $15,000,000 is being placed with Eric Sprott's company, 2176423 Ontario Ltd., a large shareholder of Chesapeake holding 11.8% ...

2020-08-04 - Yahoo! Finance: BTO.TO News

B2Gold Second Quarter and First Half 2020 Financial Results; Conference Call / Webcast Details

B2Gold (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") will release its second quarter and first half 2020 financial results after the North American markets close on Wednesday, August 5, 2020.

2020-08-04 - Yahoo! Finance: NG.TO News

Did Hedge Funds Make The Right Call On NovaGold Resources Inc. (NG) ?

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

2020-08-04 - Yahoo! Finance: BTO.TO News

Did Hedge Funds Make The Right Call On B2Gold Corp (BTG) ?

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]

2020-08-04 - Yahoo! Finance: SRI.V News

Sparton Resources Inc.: Private Placement Financing Completed, New Options Granted, Mr. Tom Obradovich Joins Advisory Board

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (TSXV.SRI) ("Sparton" or the "Company") announced today that it has completed, effective July 29, 2020, a $533,250 private placement financing through the sale of  3,620,000 Non-Flow Through Share Units (“NFTSUs”) and 5,870,333 Flow-Through Share Units (“FTSUs”) to a number of individual accredited investors ( the “Investors”).  A total of 9,490,333 units (the “Units”) are to be issued. No Quebec Flow Through Share Units were sold as Eldorado Gold Corp. is carrying all the costs for the Bruell Project.  Please see Sparton news release dated July 13, 2020.  The placement was oversubscribed. Each of the NFTSUs and FTSUs consists of one common share of the Company and a one-half Share Purchase Warrant (“SPW”).  Two SPWs will entitle the warrant holder to purchase one additional Sparton common share at a price of $0.10 for one year from the date of approval of the financing by the Toronto Venture Exchange.Each NFTSU was priced at $0.05, and each FTSU was priced at $0.06.The placement is non-brokered and commissions and finder’s fees of 6% cash and 6% in SPWs are payable on a portion of the value of the total financing introduced by the finders.  The finders SPW terms are the same as for the SPWs provided as part of the Units to the Investors.Proceeds of the financing will be used for expenditures on the Company’s Canadian Exploration Programs, including 2,000 metres of drilling and other exploration activities on the Oakes Gold Project in the Matachewan Gold Area of Ontario.Resale of the shares is subject to normal restrictions under TSX Venture Exchange Policy and the transaction is subject to final regulatory approval.New Options Granted The Company’s Board of Directors has, effective August 3, 2020, approved the granting of stock options to its directors, consultants and advisors, to acquire 2,700,000 shares in aggregate, at an exercise price of $0.05 and valid for a period of 3 years from August 3, 2020.  At the time of this grant, there were no options outstanding.Mr. Tom Obradovich Joins Sparton’s Advisory Board.Sparton is pleased to welcome Tom Obradovich to its Advisory Board.  Mr. Obradovich is a seasoned mining professional with over 35 years of domestic and international experience in the successful exploration, financing and development of major mining projects.  He is President and Chief Executive Officer of Canadian Continental Exploration Corp. and was a key individual behind Aurelian Resources (acquired by Kinross Gold Mines for $1.2 billion in 2008), which discovered the Fruta Del Norte gold deposit in Ecuador.  As a co-founder of Canadian Royalties Inc., he was involved in the discovery and development of the Raglan south nickel belt and served on the board of Barkerville Gold Mines Ltd. and served as Chairman of the Special Committee which oversaw the acquisition of Barkerville by Osisko Gold Royalties.  Previously, Tom was a Director and a member of the Special Committee at Dalradian Resources, which was privatized by Orion Mine Finance for over $550 million.  He is currently a Director and Executive Chairman of Talisker Resources Inc., involved in exploring the historic Bralorne Gold Camp in British Columbia.Tom acquired most of the Matachewan gold camp through an RTO of Young-Davidson Mines Ltd. which was subsequently acquired by Northgate Minerals in 2005 and further developed by AuRico Gold which took over Northgate in 2011.  AuRico and Alamos Gold Inc. merged in 2015.The Young Davidson Mine is operated by Alamos Gold Inc. and is a currently producing approximately 200,000 ounces of gold annually.  The Young Davidson deposit hosts approximately 3 million ounces of gold inventory and the mine is only 3 km from the Company’s Oakes Gold Project mining leases.“Tom’s industry background and specific experience working in the Matachewan gold camp will be of significant benefit to Sparton going forward.  We are delighted to have him on board and are looking forward to working with him on the Oakes and other projects,” stated Lee Barker, Company CEO.For more information contact: A. Lee Barker, M.A Sc., P. Eng., President and CEO Tel./Fax: 647-344-7734 or Mobile: 416-716-5762 Email: info@spartonres.ca Website: www.spartonres.caNeither 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 StatementsInformation set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.We Seek Safe Harbour

2020-08-04 - Yahoo! Finance: UGM.V News

UrbanGold Completes High Resolution Magnetic Survey at Pallador

Ottawa, Ontario--(Newsfile Corp. - August 4, 2020) - UrbanGold Minerals Inc. (TSXV: UGM) ("UrbanGold" or the "Company") is pleased to report it has completed a 1,866 line-km high resolution magnetic survey over large portions of its 100%-owned Pallador project (the "Property") in the Troilus area, Quebec. One portion of the area covered is located less than 700 metres from Kenorland Minerals recently announced drill results which includes an intersection of 8.47 g/t Au over 29 ...

2020-08-04 - Yahoo! Finance: MAI.V News

Minera Alamos Completes Definitive Agreements to Acquire the Cerro De Oro Gold Project, Zacatecas, Mexico

Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to announce it has finalized Definitive Agreements with arms length parties (collectively the "Vendor") to acquire 100% of the Cerro de Oro gold project comprising the Zacatecas I and Zacatecas II concessions near Concepcion del Oro, Zacatecas, Mexico (see figure 1), subject to approval of the TSX Venture Exchange. The acquisition of the ...

2020-08-04 - Yahoo! Finance: BTO.TO News

Gold Mining Stocks' Aug 5 Earnings Roster: FNV, RGLD & More

Gold mining stocks' performance in the June-ending quarter are likely to reflect high gold prices fueled by the coronavirus pandemic.

2020-08-04 - Yahoo! Finance: FNV.TO News

Gold Mining Stocks' Aug 5 Earnings Roster: FNV, RGLD & More

Gold mining stocks' performance in the June-ending quarter are likely to reflect high gold prices fueled by the coronavirus pandemic.

2020-08-04 - Yahoo! Finance: OR.TO News

Gold Mining Stocks' Aug 5 Earnings Roster: FNV, RGLD & More

Gold mining stocks' performance in the June-ending quarter are likely to reflect high gold prices fueled by the coronavirus pandemic.

2020-08-04 - Medallion Resources

Medallion Resources Partners with Talaxis for Rare-Earth Element Production

Talaxis will be delivering to Medallion support for the global sourcing and transport of monazite, along with marketing of finished products from Medallion’s proposed rare-earth element (“REE”) extraction plant. Importantly, Talaxis is a founding partner in Medallion’s recently announced technical and financial consortium.

The post Medallion Resources Partners with Talaxis for Rare-Earth Element Production appeared first on Medallion Resources.

2020-08-04 - Yahoo! Finance: RYR.V News

IIROC Trading Halt - RYR

VANCOUVER, BC, Aug. Trading halts are implemented to ensure a fair and orderly market.

2020-08-04 - Yahoo! Finance: SCLT.V News

Searchlight Resources' Alf Stewart is Interviewed by Fiona Forbes of InvestmentPitch Media - Video Available on Investmentpitch.com

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) -  Searchlight Resources' (TSXV: SCLT) (OTC PINK: CNYCF) Vice-President Corporate Development, Alf Stewart is interviewed by Fiona Forbes of InvestmentPitch Media.InvestmentPitch Media has produced and is hosting the interview "video". If this link is not enabled, please visit www.InvestmentPitch.com and enter "Searchlight" in the search box.Cannot view this video? Visit:https://www.youtube.com/watch?v=7eEw-etGw38Searchlight Resources, a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which ranked as ...

2020-08-04 - Yahoo! Finance: GSH.V News

Golden Share Announces Share for Debt Transaction

Toronto, Ontario--(Newsfile Corp. - August 4, 2020) -  Golden Share Resources Corporation (TSXV: GSH) (the "Company" or "Golden Share") announces the settlement of accounts payable to one insider of the Company (the "Insider") for an aggregate amount of $143,000.00 (the "Insider Debt Settlement"), in consideration for the issuance of an aggregate of 715,000 Shares (deemed price of C$0.20 per Share). The Company's Board is of the view that this Insider Debt Settlement is ...

2020-08-04 - Yahoo! Finance: TM.V News

Agreement Extended to Acquire the ‘Silver Hill’ Copper-Silver Exploration Project in Morocco: Environmental Permit Received

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce that it has signed an amendment to extend the share purchase agreement dated as of May 25, 2020 (the “Definitive Agreement”), pursuant to which it is to acquire a 100% equity interest in Technomine Africa SARL (“Technomine”), (the “Transaction”). Technomine is a Moroccan company that owns a 100% interest in the Silver Hill Project (“Silver Hill” or the “Project”) located in the Anti-Atlas region of Morocco. The Definitive Agreement was set to expire on July 31, 2020, as Trigon and Technomine await regulatory approvals necessary for the completion of the Transaction. Approvals and title transfers required prior to the completion of the Transaction have taken longer than usual as a result of backlogs in Morocco created by the COVID-19 global pandemic. Nevertheless, the Company is pleased to report the administrative item responsible for the delay, the mining licence, was finally signed on July 29, 2020, validating the permit for the next eight years (until December 2028). Final closing should occur shortly.The Company is also pleased to announce that the regulatory delay has not slowed work on the Project, and the Trigon team has been working on site since intercity travel restrictions were first lifted in early June. First exploration results from Silver Hill are expected soon, as samples have been received in Vancouver on July 27th and the Company expects to be in a position to report results once assays are completed.Building on the good work completed by Technomine, on May 21, 2020, the environmental permit was granted by local investment authorities for the exploration, exploitation and treatment of copper and silver metal for a period of five years. This is advanced permit that included community consultation, plans for dust suppression and handling of explosives despite the Project’s early stage.  This permit grants the environmental approvals to take the Project through to production.Silver Hill Project OverviewThe Transaction is centred around the Silver Hill Project (see press release dated November 19, 2019), a 16km2 property in the Anti-Atlas region of Morocco, already home to Africa’s major silver mines (Imiter, Zgounder). Surface exploration shows copper and silver mineralization at high grades distributed over a wide surface area. Slags from ancient workings indicate historical large-scale mining for silver.Morocco is a favourable jurisdiction for mining, with an established industry producing at a rate of approximately 40 million tonnes of minerals per year. The country is a friendly business environment with a strong mining history, but very little systematic modern exploration.Terms of the TransactionUnder the terms of the Definitive Agreement, the Company will acquire a 100% equity interest in Technomine, the owner of the Project.  As consideration, Trigon must pay to Technomine shareholders (the “Vendors”) CAD $500,000 in cash and issue 6,000,000 common shares on closing of the Transaction (the “First Payment”). On the one-year anniversary of the closing of the Transaction, Trigon must pay to the Vendors CAD $400,000, and issue such number of Trigon common shares equal to CAD $250,000 (the “Second Payment”).Furthermore, pursuant to the terms of the Definitive Agreement, upon the completion of an independent National Instrument 43-101 compliant mineral resource estimate on the Project showing at least 100,000 tonnes of contained copper and/or equivalent, Trigon shall issue such number of shares equal to CAD$1,250,000 to the Vendors. In addition, a finder’s fee of 5% of the cash and share consideration paid to the Vendors pursuant to the First Payment and the Second Payment must be paid in cash and shares by Trigon to Majilias Inc., an arm’s length person. The finder’s fee shall be paid concurrently with the payments to the Vendors, as described above. The Transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange.  All parties to the transaction operate at arm’s length from one another.Trigon Metals Inc. Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper operations in Namibia, one of the world’s most prospective copper regions, where it has substantial assets in place. The Company continues to hold an 80% interest in five mining licences in the Otavi Mountain lands, an area of Namibia widely recognized for its high-grade copper deposits. Within these licences are three past producing mines including the Company’s flagship property, the Kombat Mine.Cautionary Notes This news release may contain forward-looking statements. These statements include statements regarding the Definitive Agreement, the Company’s ability to obtain adequate financing, the Company’s ability to close the Transaction, the prospectivity of the Project, the Company’s ability to explore the Project and produce a NI 43-101 mineral resource estimate, the impact of COVID-19 on the Company’s operations, the Company’s strategies and the Company’s abilities to execute such strategies, and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.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. CONTACT: For further information, contact: Jed Richardson +1 416 861 5893 jed.richardson@trigonmetals.com Website: www.trigonmetals.com

2020-08-04 - Yahoo! Finance: NRN.V News

Northern Shield Acquires Extensive Alteration System Hosting Gold-Silver in Newfoundland

OTTAWA, ON, Aug. 4, 2020 /CNW/ - Northern Shield Resources Inc.

2020-08-04 - Yahoo! Finance: PLY.V News

Playfair Mining: RKV Cu-Co-Ni Project, Norway

Additional Mineral Rights Acquired; Fieldwork in Progress Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Playfair Mining Ltd. (TSXV: PLY) (FSE: P1J1) (OTC: PLYFF) has acquired additional mineral rights and now owns 100% of a continuous 40 km long highly prospective trend characterized by historic mines, numerous mineral showings, favorable geology, geophysical anomalies, Windfall Geotek CARDS targets and high MMI geochemical responses.RKV Project, NorwayTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/7302/60934_dcf44a4554ce69f9_002full.jpgThis year's ...

2020-08-04 - Yahoo! Finance: RMI.V News

Ridgestone Makes Strategic Appointment of Dr. Andrew J. Ramcharan to Its Advisory Board

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) -  Ridgestone Mining Inc. (TSXV: RMI) (OTCQB: RIGMF) (FSE: 4U5) ("Ridgestone") is pleased to announce the appointment of Dr. Andrew Ramcharan to its Advisory Board.Dr. Ramcharan has an extensive background in exploration, project evaluation, investment banking and corporate development spanning over twenty years. Dr. Ramcharan is currently Executive Vice President, Corporate Development for Roscan Gold where he has been instrumental in raising over $18 million and ...

2020-08-04 - Yahoo! Finance: FNC.V News

Fancamp obtains exceptional results from selected grab samples and completes airborne magnetic survey at DiLeo property in Frotet-Troilus area of Québec

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Company”) (TSXV: FNC) is pleased to announce the results of a property examination and the completion of an airborne magnetic survey on its 15-claim, 815-hectare DiLeo property. The property is in the Frotet-Troilus area of Central Québec approximately 100km north of Chibougamau. There has been a resurgence of exploration in this area over the last two years with major projects initiated by Kenorland Minerals Ltd. (funded by Sumitomo Metal Mining Canada Ltd.), Troilus Gold Corp., UrbanGold Minerals Inc. and X-Terra Resources Inc. The mineral potential of the area is highlighted by Kenorland’s recent discovery of a significant new gold system at its Regnault prospect, located 10km due south of DiLeo, where multiple gold-bearing drill intersections were just announced including 8.47 grams per tonne gold (“gpt Au”) over 29.0m from 72.0 m (Kenorland press release dated July 29, 2020). The DiLeo property has been held by Fancamp since the early 1990’s but it is only recently accessible by gravel logging roads. Previous work in the mid-1990’s returned significant copper, silver, zinc and gold values on surface and drilling as detailed in Fancamp’s press release dated June 17, 2020.The property examination was conducted June 24 and 25, 2020 by Mark Fekete, P.Geo. accompanied by veteran prospector Randon Ferderber, both of Val-d’Or, Québec. The “DiLeo” showing was visited and basic prospecting and sampling was done elsewhere on the property. Seven selected grab samples were collected: four from the DiLeo showing and three at various other locations on the property. The “DiLeo NE” occurrence lies under DiLeo Lake so accordingly it was not visited. However, drill core from this occurrence dating to 1962 was found. Unfortunately, it could not be reliably sampled owing to its very poor condition. The “DiLeo Gold” showing could not be found due possibly to recent logging activity.Mr. Fekete reports: “The DiLeo Lake showing is well exposed by two road-accessible, mechanical trenches completed by Noranda Exploration Ltd. in 1993. The stripped area of each trench is roughly 40m long by 20m wide and is marked by a rusty gossan. The rocks exposed in the trenches consist of a 10 to 15m-wide band of intensely sheared felsic tuff within less deformed tuff. The rocks all show strong pervasive chlorite-carbonate alteration. Isoclinal folding was noted at several places. There appears to be two sulphide horizons that that pinch and swell from 2 to 3 metes wide for a continuous length of 20 to 25m in each trench. The mineralization consists of disseminated to stringer to massive sulphide composed mainly of pyrite and chalcopyrite. Minor sphalerite and zinc-oxide was noted and malachite staining is common. Narrow quartz-carbonate veins were also noted adjacent to the sulphide horizons. One selected grab sample was taken from each sulphide horizon in each trench. The samples returned very strong values ranging from 1.10% to 13.85% copper, 6 to 130gpt silver and 1.72 to 8.65% zinc. Weak to moderate gold values ranging from 0.05 to 1.12gpt Au were also reported. The single best sample returned 13.85% Cu, 130gpt Ag, 8.65% Zn and 0.17gpt Au. Due to the exceptionally high copper tenor of this sample, it was re-assayed twice. A check from the first pulp of this sample returned 14.44% Cu, 132gpt Ag, 8.81% Zn and 0.30gpt Au. A check from a separate, second pulp returned 14.16% Cu, 131gpt Ag, 8.72% Zn and 0.21gpt Au. None of the three samples collected elsewhere on the property returned any notable values.”Fancamp has just completed a detailed airborne magnetic survey in conjunction with UrbanGold. The survey was flown by Prospectair Géosurveys Inc. of Gatineau Québec under the supervision of Joël Dubé, P.Eng. of Ottawa, Ontario. The 1681-line kilometre (“l-km”) survey included 246 l-km over Fancamp’s DiLeo property and 1435 l-km over UrbanGold’s Golden Road property located immediately northwest of the DiLeo property. This survey was flown at 50m line spacings at a nominal sensor height of 30 metres and will thus provide very precise, detailed lithological and structural information. This data, available shortly, will be used by Fancamp to design a mechanical excavator outcrop stripping and sampling program expected to begin in late August or early September. Compilation and re-interpretation of previous airborne, surface and down-hole geophysical data is currently underway which will also be used to plan the excavation work. Drilling of airborne electromagnetic anomalies corresponding to the DiLeo and DiLeo NE occurrences have confirmed that these anomalies are caused by base metal mineralization. There are three other airborne electromagnetic anomalies underlying the property that are yet to be tested by drilling.The analytical results reported by Fancamp in this release were determined at Bourlamaque Assay Laboratories (“Bourlamaque”) in Val d’Or, Québec by fire assay, atomic absorption technique for gold (Code Py-SAA_Au) and acid digestion, atomic absorption technique for copper, silver, lead and zinc (Code DIG_2A-SAA_CuAgPbZn). Bourlamaque is independent of Fancamp, maintains an internal quality control program and participates annually in CANMET round-robin proficiency testing. Jean Bernard (P.Geo.) is the designated “Qualified Person,” as defined in Section 1.2 in and for the purposes of National Instrument 43-101, that reviewed the technical content of this release on behalf of Fancamp.About Fancamp Exploration Limited (TSXV: FNC)Fancamp is a public company using a value added strategy based on the acquisition of potentially valuable assets, adding value through the selection process itself and subsequent development work, self-financed or otherwise, followed by disposition, proceeds from which, are used to finance the same process multiple times. The Company has an exceptional inventory of resource properties in Québec, Ontario and New Brunswick; commodities of interest include gold, rare earth elements, strategic metals, base metals, chromium, titanium, iron and silica. In addition, the Company has begun to build on the industrial possibilities inherent in dealing with some of these materials. The Company is a reporting issuer in British Colombia, Alberta, Ontario and Québec and its common shares are listed for trading on the TSX Venture Exchange under the symbol FNC.For further information, please contact Peter H. Smith PhD., P.Eng.(ON) – President 1-514-481-3172Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.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 news release.

2020-08-04 - Yahoo! Finance: HUD.V News

Hudson Resources and Lenders Agree to Debt Restructuring and Capital Injection Into the White Mountain Anorthosite Mine in Greenland

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce that, further to its news release of June 11, 2020, it has entered into definitive agreements (the “Definitive Agreements”) with its existing lenders, Cordiant Capital Inc. and its affiliates (“Cordiant”) and Romeo Fund – Flexi and its affiliates (“Romeo”) (together with Cordiant, the “Lenders”), to restructure the outstanding debt on the White Mountain Anorthosite mine, held by the Company’s subsidiary Hudson Greenland A/S (“Hudson Greenland”), and to provide an injection of working capital to ensure the stability of the mine going forward.  Debt RestructuringPursuant to the terms of the Definitive Agreements, the Company, Hudson Greenland and the Lenders amended the existing loan facilities (the “Loan Facilities”) between the parties to, among other things: * Convert approximately US$13.7M, of the existing debt of US$42M owed to the Lenders pursuant to the Loan Facilities, into preferred shares of Hudson Greenland, thereby reducing the Company’s interest payments substantially. * Extend the maturity of the Loan Facilities from July 15, 2025 to January 15, 2028 and push out the first principal payment payable under the Loan Facilities from January 15, 2021 to January 15, 2023; * Cancel all inter-company debt owed by Hudson Greenland to the Company; * Reduce the interest rate of the US$10M backstop facility (announced December 18, 2019) from 20% to 9.5% over LIBOR; * Amend the interest payments terms of the Loan Facilities to enable the Company to pay interest to the Lenders on the consolidated and reduced principal amount every six months in arrears; and * Give Hudson Resources the option to buy back its interest from the Lenders for 200% of the subscription price.The conversion of existing debt into preferred shares of Hudson Greenland pursuant to the Definitive Agreements will result in the Lenders holding approximately 69% of Hudson Greenland.  Additionally, the Lenders will have the right to each nominate one director to the Hudson Greenland board, which will be comprised of four members, including one member from Greenland Ventures, a government investment fund that holds eight million shares of Hudson Resources Inc..Convertible Debenture FinancingIn connection with the debt restructuring, Hudson Greenland has agreed to issue a convertible debenture in the amount of US$10M (the “Debenture”) to the Lenders, to provide funding directly into Hudson Greenland. The Debenture has a maturity date of five years from the date of issuance and will be convertible into preferred shares in the capital of Hudson Greenland. The Debenture will not bear interest and will not confer voting rights on the Lenders until conversion of the Debenture, in accordance with its terms.The Debenture ranks pari passu with Hudson Greenland’s other unsecured and unsubordinated debt.  In the event the Debenture is converted in full, the Lenders' ownership interest in Hudson Greenland would increase to approximately 79%.Hudson Greenland will use the proceeds of the Debenture for working capital and general corporate purposes, as approved by Hudson Greenland’s board of directors (the “Hudson Greenland Board”).This debt restructuring and new capital injection do not dilute the Company’s shareholders. These transactions demonstrate the Lenders' commitment to Hudson, the Government of Greenland and Hudson’s shareholders, who will benefit from this new agreement. As a result of these transactions, the Lenders will become partners going forward which will help the Company realize the true value of this unique anorthosite mine and its many green applications.   Jim Cambon, President commented: “I am very pleased that we have concluded an agreement with our lenders that provides a solid path forward for the White Mountain mine including the injection of US$10M in working capital without dilution to the Hudson Resources share structure.  Our lenders are now our partners and our interests are aligned in growing the mine into a successful business producing green products in numerous revenue streams.  Importantly, we have retained the right to regain full ownership of Hudson Greenland in the future”.  We look forward to getting the mine back up and running in short order.”This debt restructuring and new capital injection are subject to (i) approval of the TSX Venture Exchange and the satisfaction of any conditions to final approval that may be imposed by the TSX Venture Exchange,  (ii) receipt of the consent of the Minister of Mineral Resources of Greenland in respect of the change of control of Hudson Greenland, and (iii) other conditions which are customary for transactions of this type. Aside from its ownership in the White Mountain anorthosite mine through Hudson Greenland,  the Company also holds 100% of the Sarfartoq rare earth element (REE) and niobium/tantalum exploration license in Greenland. The Company expects to commence activities on the Sarfartoq license in the coming weeks with an initial focus on the high-grade niobium project. https://hudsonresourcesinc.com/projects/niobium-and-tantalum/Hudson has commenced activities to take the White Mountain mine from care and maintenance to full operations.  Hudson Resources Inc. will continue to provide operational, sales and marketing expertise to Hudson Greenland.  There are still some travel restrictions due to the global pandemic, but Hudson has been given permission from the Greenlandic Government to mobilize the team back to the site and commence operations. Blasting has already recommenced, and the plant is expected to start up in the next two weeks.  ON BEHALF OF THE BOARD OF DIRECTORS“Jim Cambon”President and DirectorFor further information: Ph: 604-628-5002Forward-Looking Statements This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this news release, including, without limitation, statements regarding the Company’s terms of the proposed debt restructuring, the Company’s anticipated use of proceeds of the Debenture and other future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the outcome of shareholder and regulatory approval for conversion of the Debenture, market prices, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.  Issuance of the Debenture remains subject to certain conditions and there is no assurance that those conditions will be met. The Company expressly disclaims any intention or obligation to update or revise any forward- looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.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.

2020-08-04 - Yahoo! Finance: ETG.TO News

Entrée Resources Announces Second Quarter 2020 Results

Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) (the "Company" or "Entrée") has today filed its interim financial results for the second quarter ended June 30, 2020. All numbers are in U.S. dollars unless otherwise noted.

2020-08-04 - Yahoo! Finance: AAZ.V News

Azincourt Energy Amends Terms of Option to Acquire Uranium-Lithium Projects in Southern Peru

Azincourt projects and nearby claims in the Puno District, Southeastern Peru Figure 1: Azincourt projects and nearby claims in the Puno District, Southeastern Peru Escalera Project, sampling results, November 2018 reconnaissance program Figure 2: Escalera Project, sampling results, November 2018 reconnaissance programVANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce it has reached an agreement with 1177865 B.C. Ltd. (the “Optionor”) to amend the option (the “Option”) under which the Company holds the rights to acquire a series of three uranium-lithium exploration projects located in the Picotani volcanic field in Carabaya and San Antanio De Putina Provinces, Puno Region, in southeastern Peru (collectively, the “Projects”). The Projects, collectively known as the Escalera Group, cover a combined area of 7,400 hectares of prospective exploration targets for volcanic hosted supergene/surficial uranium and lithium on the Picotani Plateau.  The land package consists of the Escalera project comprised of six concessions totaling 5,500 hectares, the Lituania concession covering 899.97 hectares, and the Condorlit concession covering 999.97 hectares.Under the terms of the amendment, the Company has agreed to issue the Optionor 5,000,000 common shares in lieu of a cash payment of $250,000 due and owing by the Company pursuant to the terms of the Option, and the requirement to incur exploration expenditures of at least $500,000 prior to August 30, 2020.  In addition, the Optionor is entitled to receive a further 1,000,000 common shares in accordance with the existing terms of the Option.“We’re pleased we were able to amend and extend the terms of the option agreement,” said president and CEO, Alex Klenman.  “Our initial work program at Escalera produced some intriguing results.  The sample assays were certainly solid. We’d very much like to get back to Peru to follow up on those positive early results, however with the pandemic we’re not in a position to do so at the moment.  This amendment to the original agreement gives us the flexibility to pursue the project at a later date,” continued Mr. Klenman.The amendment will allow the Company to retain control of the Project, while conserving available capital and deferring the requirement to conduct exploration work at the Project during the Covid-19 pandemic.  Following the amendment, the Company will still be required to complete further a cash payment of $350,000 to the Optionor, issue a further 1,000,000 common shares, and incur expenditures of $2,500,000 on the Project, in order to complete the exercise of the Option.The issuance of an additional 5,000,000 common shares to the Optionor, pursuant to the terms of the amendment, remains subject to the approval of the TSX Venture Exchange.  All common shares to be issued to the Optionor, pursuant to the terms of the Option, will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.About the Escalera Group In Late 2018 Company consultants completed a comprehensive reconnaissance-scale prospecting and geological interpretation program on the three Puno, Peru, concession groups: Escalera, Lituania & Condorlit (collectively, “The Escalera Group”).Figure 1: Azincourt projects and nearby claims in the Puno District, Southeastern Peru is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1509f643-3302-4f7f-9e21-0eb20eab7b91Sampling at Escalera identifies two new uranium prospective areas measuring an estimated 4.5 and 2.0 kilometres in length. Highlight samples returned 8,061 ppm, 6,812 ppm, 6,126 ppm, 3,560 ppm and 3,438 ppm uranium (U3O8).  11 rock samples returned above 1,000-ppm uranium (0.12% U3O8). * The maiden reconnaissance survey focused on the three separate project areas, covering much of the combined 7,400 hectares underlain by the target volcanic debris flow rocks. Field crews successfully identified two areas for prospective uranium mineralization on the large Escalera property, including clusters of prospective uranium mineralization over an area extending more than four kilometers. Observed surface radioactivity combined with uranium-in-rock laboratory results has shown that the Escalera Property is a priority exploration target. In addition, the southwest part of the Escalera property contains a notable cluster of lithium-in-rock results ranging 290 to 360 ppm lithium.Figure 2: Escalera Project, sampling results, November 2018 reconnaissance program is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd3081af-5137-4723-9039-caafe14e044dA total of 113 rock samples were collected during the three-week long reconnaissance sampling and prospecting program; with a total of 94 rock samples collected on the 5,500-hectare Escalera Property. To ascertain the potential for uranium enrichment in the target Paleogene – Neogene aged weathered felsic volcanic flow rocks, field staff used portable scintillometers to identify zones of elevated surface radioactivity to efficiently direct rock sampling. In particular, sampling focused on locations with elevated radioactivity associated with large fractures and faults in the volcanic flows, which likely reflects uranium remobilization due to extensive surface weathering.At Escalera, the proposed uranium mineralization model is similar to that found at the Macusani Uranium deposit (Plateau Energy Metals) located about 100 kilometres to the northwest, where uranium has dissolved and precipitated from source frothy volcanic debris flow rocks through an intricate interaction between geomorphology, groundwater movement and evaporation.* Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the property.Shares for DebtThe Company also announces that it intends to settle an aggregate of $40,950 of indebtedness owed to certain arm’s length creditors through the issuance of 819,000 common shares at a deemed issuance price of $0.05 per share.  The Company determined to satisfy the indebtedness with common shares in order to preserve its cash for working capital.  The shares will be issued upon acceptance by the TSX Venture Exchange and approval by the directors of the Company.  All common shares issued in satisfaction of the indebtedness will be subject to a four month hold period from the date of issuance. Qualified PersonThe 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 Ted O’Connor, P.Geo. a director of the Company, as well as a qualified person.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 & CEONeither 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 & CEO Tel: 604-638-8063 info@azincourtenergy.comAzincourt Energy Corp. 1430 – 800 West Pender Street Vancouver, BC V6C 2V6 www.azincourtenergy.com

2020-08-04 - Yahoo! Finance: GIGA.V News

Giga Metals Provides Update on Carbon Sequestration Studies at Turnagain Nickel Project

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Martin Vydra, President of Giga Metals Corp. (TSXV: GIGA) today provided an update to its CO2 sequestration research program, being done in conjunction with Dr. Greg Dipple of the University of British Columbia."Further to Elon Musk's specific call to nickel producers to pursue environmentally friendly nickel in high volume made during Tesla's latest earnings call, we are actively pursuing the development of this large ...

2020-08-04 - Yahoo! Finance: EDR.TO News

Endeavour Silver (EXK) Reports Q2 Loss, Lags Revenue Estimates

Endeavour Silver (EXK) delivered earnings and revenue surprises of 33.33% and -6.20%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

2020-08-04 - Yahoo! Finance: SA.V News

Southern Arc Proposes to Unlock Shareholder Value Through Return of Capital Transaction

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) -  Southern Arc Minerals Inc. (TSXV: SA) ("Southern Arc" or the "Company") announces it is proposing to carry out a return of capital transaction (the "Transaction"). Pursuant to the Transaction, the Company proposes to distribute securities (currently owned by the Company) of Japan Gold Corp., Tethyan Resource Corp., and Rise Gold Corp., to the shareholders of the Company on a pro-rata basis. The Transaction is ...

2020-08-04 - Yahoo! Finance: DEFN.V News

Defense Metals Flotation Pilot Plant Achieves Initial Positive Results

Defense Metals Corp. ("Defense Metals") (TSX-V: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to provide an update with respect to ongoing flotation pilot plant processing of its 30 tonne Wicheeda Rare Earth Element (REE) Property ("Wicheeda") bulk sample underway at the SGS Canada Inc. ("SGS") Lakefield, ON metallurgical test facility.

2020-08-04 - Yahoo! Finance: GCX.V News

Granite Creek Copper Provides Exploration Update

VANCOUVER, BC / ACCESSWIRE / August 4, 2020 / Granite Creek Copper Ltd.

2020-08-04 - Yahoo! Finance: MEK.V News

Metals Creek Completes Diamond Drilling on the Dona Lake Gold Project

Toronto, Ontario--(Newsfile Corp. - August 4, 2020) -  Metals Creek Resources Corp. (TSXV: MEK) (the "Corporation") is pleased to announce the completion of the Corporation's first diamond drilling program on the Dona Lake Gold Project (the "Project") in the Pickle Lake Gold Camp, Ontario. A total of 1411 meters were drilled in two shallow holes that tested both the Main Zone and B Zone and a deep hole testing for the continuation of gold ...

2020-08-04 - Yahoo! Finance: CRV.V News

Cresval Announces Board Changes

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Cresval Capital Corp. (“Cresval” or “the Company”) (CRV: TSX-V) wishes to announce changes to its Board of Directors, effective immediately. Mr. Paul Hickey has a BA in Economics and has a background in investment banking and continues to work in finance, partnering his finance contacts with the natural resource sector to advance properties of merit.Mr. Douglas Yee, CPA, CA has had extensive experience with publicly-traded entities, including some engaged in mining, and oil and gas.Mr. Matt Wayrynen has resigned as a Director of the Company.  We thank you for your service as a Director.About Cresval: Cresval is a junior copper and precious metals exploration company actively involved in three 100% owned projects situated near the productive Bralorne Gold camp in southwestern British Columbia.For more information please visit www.cresval.com.ON BEHALF OF THE BOARD OF DIRECTORS“Lee Ann Wolfin”Lee Ann Wolfin President and Chief Executive OfficerForward looking statements:  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 release contains statements that are forward‐looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward‐looking statement.

2020-08-04 - Yahoo! Finance: BRC.V News

Blackrock Gold Closes C$7.5 Million Private Placement Led by a C$5.0 Million Investment from Eric Sprott

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Blackrock Gold Corp. (TSXV: BRC) ("Blackrock" or the "Company") is pleased to announce the completion of its non-brokered private placement (the "Private Placement") previously announced on July 22, 2020. Eric Sprott purchased C$5.0 million of the Private Placement. The Company issued a total of 10,416,667 units ("Units") at a price of C$0.72 per Unit for gross proceeds of C$7.5 million. Each Unit consisted of ...

2020-08-04 - Yahoo! Finance: ARA.V News

Anconia Announces Stock Ticker Symbol Change on TSXV to “OMG”

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Anconia Resources Corp. (TSXV:ARA) (“Anconia” or the “Company”) announces that the TSX Venture Exchange (“TSXV”) has approved a change in the Company’s stock symbol trading on the TSXV.  Effective on August 6th, the Company’s common shares will trade on the TSXV under the symbol “OMG” (TSXV:OMG). The previous trading symbol was “ARA”.Jason Brewster, President and CEO of Anconia commented: “The symbol “OMG” was chosen to reflect the Company’s upcoming RTO transaction with Avalon Investment Holdings Ltd. and its subsequent ownership in the Omai Gold Mine project in Guyana.”There is no action required by current shareholders in connection with this change and no change has been made to Anconia’s share capital.  There is no change in the Company’s name, no change in its CUSIP number and no consolidation of capital.About Anconia Anconia is a base and precious metals exploration and development company, with an exploration property in Ontario, Canada. In Ontario, Anconia has the Grenfell property, which consists of 16 patented claims and 2 staked claims, hosts a gold occurrence in Kirkland Lake approximately 4km west of the Macassa Mine along the trend of the main Kirkland Lake mineralization. The Grenfell property is 100% owned by Anconia.Additional information and corporate documents may be found on www.sedar.com and on Anconia Resources Corp Corp. website: www.anconia.ca  On behalf of the Board of Directors of Anconia Resources Corp.Jason Brewster, President and CEOFor further information regarding the foregoing please contact: Jason Brewster  Anconia Resources Corp.  President and CEO  Tel: (416) 815-9777 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 news release.

2020-08-04 - Yahoo! Finance: VAU.V News

Viva Gold Upgrades to OTCQB Listing in the US

VANCOUVER, BC / ACCESSWIRE / August 4, 2020 / Viva Gold Corp.

2020-08-04 - Yahoo! Finance: LME.V News

LAURION Announces Proposed Non-Brokered Private Placement of Flow-Through Shares and Receipt of $790,133 from Exercise of Securities

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./TORONTO, Aug.

2020-08-04 - Yahoo! Finance: GUN.V News

Inomin Acquires La Gitana and Pena Blanca Gold-Silver Projects

Drilling at La Gitana Includes 133.5 Meters (438 Feet) of 1.78 g/t Gold and 100.7 g/t Silver Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Inomin Mines Inc. (TSXV: MINE) is pleased to announce the execution of an agreement to acquire the La Gitana and Pena Blanca gold-silver projects in Mexico. The properties are located approximately 100 kilometers east of Oaxaca City in the prolific Oaxaca Gold-Silver Belt that hosts several epithermal gold-silver mines ...

2020-08-04 - Yahoo! Finance: MINE.V News

Inomin Acquires La Gitana and Pena Blanca Gold-Silver Projects

Drilling at La Gitana Includes 133.5 Meters (438 Feet) of 1.78 g/t Gold and 100.7 g/t Silver Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Inomin Mines Inc. (TSXV: MINE) is pleased to announce the execution of an agreement to acquire the La Gitana and Pena Blanca gold-silver projects in Mexico. The properties are located approximately 100 kilometers east of Oaxaca City in the prolific Oaxaca Gold-Silver Belt that hosts several epithermal gold-silver mines ...

2020-08-04 - Yahoo! Finance: DAU.V News

Desert Gold Provides Exploration Update in Western Mali

Delta, British Columbia--(Newsfile Corp. - August 4, 2020) - Desert Gold Ventures Inc. (TSX.V: DAU, FF: QXR2, OTC: DAUGF) ("Desert Gold" or "the Company") is pleased to announce that it has completed its planned exploration program over its 410 km2 SMSZ Property in Western Mali. In total, 4 core holes, 13 RC holes and 34 AC holes were completed for a total of 3,759.5 metres. As well, 1,065 auger holes were drilled ...

2020-08-04 - Yahoo! Finance: MMS.V News

Macarthur strengthens Management Team - Richard Moon appointed International Sales & Marketing General Manager

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) is pleased to announce the appointment of Mr Jonghyun (Richard) Moon as General Manager, International Sales and Marketing effective immediately.  Mr Moon brings a wealth of experience with a career of over 20 years in the resources industry, including executive positions with Glencore International AG, POSCO, and as a senior executive with Hyundai Steel where he assumed the role of Chief Representative for Hyundai Steel Company of Australia between 2013 and 2017.Mr Moon is highly experienced in international iron ore and commodities sales, marketing and mining investment.In his capacity as International Sales & Marketing General Manager, Mr Moon’s top priority will be to work with Management and the Board to identify and develop opportunities for potential strategic partners to help deliver Macarthur’s Lake Giles Iron Project in tandem with the Company’s broader project funding strategies. Mr Moon will spearhead this function from Seoul, Korea where the Company will establish an office, but has plans to integrate directly into the Company’s Management team at its headquarters in Brisbane, Australia as soon as Covid-19 travel restrictions will allow that to occur.Mr Moon holds a Bachelor of Commerce, Yeungnam University, Korea and a Master of Arts in Asian Studies, University of Birmingham, United Kingdom.Cameron McCall, President and Executive Chairman of Macarthur Minerals commented: “We are delighted to have Richard join the Macarthur team as he brings a unique perspective through his extensive global experience in the steel industry.  Richard joins us at a crucial time in our growth cycle as we progress the Lake Giles Iron Project towards production.  On behalf of the Board of Directors and myself, we extend a warm welcome to Richard where he will be an invaluable asset to Macarthur.” On behalf of the Board of Directors, Mr Cameron McCall, Executive ChairmanFor more information please contact:Joe Phillips CEO & Director +61 7 3221 1796 communications@macarthurminerals.com Investor Cubed Neil Simon, CEO 647-258-3310 info@investor3.caCompany 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 Moonshine magnetite resource of 710 million tonnes (Inferred). Macarthur has prominent (~721 square kilometer 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 StatesCaution 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; granting of mineral tenure to facilitate infrastructure proposed; the ability to enter into a commercial rail access agreement 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; future changes in rail network capacity and demand; failure to complete the FS; failure to receive mineral tenure for infrastructure; and failure to obtain mining approvals under the Mining Act; inability to negotiate access to tenure at the Port of Esperance.  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.

2020-08-04 - Yahoo! Finance: LR.V News

Luminex Announces Positive Metallurgical Results for the Camp Deposit

Luminex Resources Corp. (TSXV: LR) (US OTC: LUMIF) (the "Company" or "Luminex") is pleased to announce positive metallurgical test results from the Camp deposit area of the Condor project in southeast Ecuador. The tests demonstrated that gold, silver, zinc and lead could all be recovered using conventional processing methods.

2020-08-04 - Yahoo! Finance: AZT.V News

Aztec Announces Appointments of President/CEO and Vice President Exploration/Chief Geologist

VANCOUVER, BC / ACCESSWIRE / August 4, 2020 / Aztec Minerals Corp.

2020-08-04 - Yahoo! Finance: CYP.V News

Cypress to Issue Shares to Legal Advisor

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) announces that it proposes to issue to Mr. Thomas Erwin, a partner of Erwin Thompson Faillers, 308,303 common shares of the Company, at a price of $0.26 each for a total of $80,160 as part of compensation for services rendered from 2018 to present. The Company is pleased to continue to have Mr. Erwin as its U.S. legal counsel and advisor to the Company. The issuance of shares is subject to TSX Venture Exchange acceptance.  The shares will be subject to a hold period expiring four months and one day from issuance.About Cypress Development Corp.:Cypress Development Corp. is a publicly traded exploration company focused on developing the Company's 100%-owned Clayton Valley Lithium Project in Nevada. The Company has approximately $1.1 million in its treasury, no debt, and approximately 91.1 million shares issued and outstanding.To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.CYPRESS DEVELOPMENT CORP.“Dr. Bill Willoughby”                                                             WILLIAM WILLOUGHBY, PhD., PE Chief Executive OfficerFor further information contact myself or: Don Myers Cypress Development Corp. Director, Corporate Communications Telephone: 604-639-3851 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@cypressdevelopmentcorp.comNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

2020-08-04 - Yahoo! Finance: PAAS.TO News

Pan American Silver increases La Colorada skarn deposit mineral resource estimate to 100.4 million tonnes and provides drilling update

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American", or the "Company") today announces an updated inferred mineral resource estimate for its La Colorada skarn deposit in Zacatecas, Mexico of 100.4 million tonnes, containing an estimated 141.0 million ounces of silver. The updated mineral resource represents a 38% increase in tonnes and an equivalent increase in silver ounces from the initial inferred mineral resource estimate provided on December 11, 2019. Pan American also today released the results of 17 holes drilled in the first half of 2020, all of which contain multiple skarn and breccia intercepts.

2020-08-04 - Yahoo! Finance: JUGR.V News

Juggernaut Mobilizes to 100 % Controlled Gold Rich Midas Property Located in NW BC

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX V:JUGR) (OTCQB:JUGRF) (FSE:4JE) (the “Company“ or “Juggernaut”) is pleased to report mobilization of the 2020 exploration program on Midas, where all 25 drill holes to date have intersected gold and polymetallic mineralization. The exploration team will focus on strong VHMS targets that remain to be tested within the 2.1 x 1.6 km King Solomon Trend. The Midas project is a rare opportunity with world-class potential as demonstrated by support by institutions and interest from miners alike. The Midas property is host to the King Solomon Trend located within a district scale 18 x 10 km alteration zone that was mapped by the British Columbia Geological Survey as correlative with the Stikine assemblage which is host to multiple, significant VHMS deposits within British Columbia such as the Eskay Creek, Tulsequah Chief, Anyox, and Granduc deposits.Juggernaut’s Midas property drilling highlights are: * Diamond drill hole MD-18-08 intersected 6.85 g/t Au over 9.0 m between 35.0 and 44.0 meters down hole. * Drill hole MD-18-16 returned 0.21 g/t Au, 1.77 g/t Ag, and 0.32 %Zn from surface to 35.35 metres. The hole collared into a sulphide-rich hydrothermal breccia that is believed to be associated with a VHMS stringer zone. * All 25-drill holes on Midas intersected gold and polymetallic mineralization, further confirming the strong potential for a significant feeder source. * 25% of the drill holes returned significant intercepts of gold and polymetallic mineralization. * The British Columbia Geological Survey (BCGS; McKeown et al.,2007) mapped a conformable sequence of layered Paleozoic felsic to mafic subaqueous volcaniclastic rocks and documented an extensive alteration zone, with the King Solomon Trend at its core for at least 2.1 kilometers. Intense alteration system with zones of widespread gossan development, silicification, Fe-rich chloriticalteration, Na-Ca depletion, and quartz-sericite-pyrite development. * The Midas property covers 16,653 hectares, 100% option by Juggernaut, has logging road access on property and is only 14 km to major power, CN rail, and roads with another 10 km to Terrace, BC. The project is 45 km from Kitimat deep-sea port.Dan Stuart, Director, President and CEO of Juggernaut states:“The compilation of the 2019 and 2018 results have vectored into strong targets that will be tested focused on delineating drill targets. Eskay Creek VHMS discovery had over ~100 drill holes before the discovery was made. We look forward to receiving the results from this summer’s program. Juggernaut has a 100% option providing the shareholders with the potential of significant up-side for very little additional financial expenditure. Midas is located in a world class geologic setting in close proximity to both roads and extensive infrastructure.”OtherAll samples were crushed and pulverized at ALS Global ISO 17025:2005 accredited geochemistry lab in North Vancouver, BC. Drill core samples were crushed, split and pulverized to 250 g pulp. The sample pulps were analyzed for gold by fire assay method (Au-AA24) and were also assayed using multi-element aqua regia digestion. Samples were analyzed using ALS assay procedure ME-ICP41m and MS-ICP61m. ME-ICP is an aqua regia (partial) digestion with inductively-coupled plasma (ICP) mass atomic emission spectroscopy (ICP-AES) finish for 36 elements. MS-ICP61m is a four acid digestion with ICP mass spectrometry finish for 49 elements. Over-limit samples for copper, lead and zinc were reanalyzed by fire assay with a gravimetric finish (OG46 and OG62). Rigorous procedures are in place regarding sample collection, chain of custody and data entry. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence.Qualified PersonRein Turna is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.For more information please contact:Juggernaut Exploration Ltd.Dan StuartPresident and Chief Executive Officer Website: www.juggernautexploration.comNEITHER 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 STATEMENTCertain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

2020-08-04 - Yahoo! Finance: KCC.V News

Kincora Announces Private Placement to Accelerate Drilling

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ * Kincora intends to raise up to $5 million at $0.

2020-08-04 - Yahoo! Finance: ARG.TO News

Amerigo Announces Appointment of New Chief Financial Officer

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX: ARG) is pleased to announce the appointment of Carmen Amezquita, CPA, CA as Chief Financial Officer, effective August 1, 2020. Carmen has served as the Chief Financial Officer and Corporate Controller for mining companies with both producing mines and exploration properties located in Latin America. Previous to that, she worked in the audit and assurance group at PricewaterhouseCoopers.Carmen is fluent in Spanish and received her Chartered Accountant designation in 2010. She holds a Bachelor of Arts degree from the University of British Columbia (“UBC”) and has a Diploma in Accounting from Sauder School of Business at UBC.About Amerigo and Minera Valle Central (“MVC”)Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.Amerigo produces copper concentrate at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX.For further information, please contact:• Aurora Davidson, President and CEO • Klaus Zeitler, Executive Chairman(604) 697-6207 (604) 697-6204

2020-08-04 - fiore exploration

Why No One Talks About Anymore

How to Identify the Right Seal Coating Service Provider If you are about to make a decision on which seal coating service provider you need to be working well here are some ways that will help you to know that you are heading down the right direction. The Service Provider is Professional One of the […]

2020-08-04 - fiore exploration

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Features Of A Distinguished Network Cabling Agency When choosing a great network cabling company, evaluate the following details. First, contact multiple roofing entities so you can compare, screen, and vet them. This will give you hints and clues about their merit and superb dealings. Shortlisting at least four network cabling firms is recommended and will […]

2020-08-04 - fiore exploration

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Make Parties a Success with Quality Party Supplies At some point in your life, you will need to organize, plan, and prepare a party for yourself or your loved ones. For some people, they make a living out of organizing and creating the best possible parties there are. There are many challenges, however, when it […]

2020-08-04 - fiore exploration

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2020-08-04 - fiore exploration

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Essential Questions That Need to Be Asked Before Choosing a Kitchen Cabinets Service Provider Whenever you would want to select a kitchen cabinets service provider there are a number of key questions that you need to make sure you have brought about to the attention of the person offering the service. Your Google with these […]

2020-08-04 - fiore exploration

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This When Sourcing for Cabling Contractor in Columbus Cables have great applications in both business and home needs. There are many systems that rely on cabling to transfer data and other elements. It is crucial to ensure that you properly organize your cables to enhance functioning. Good cabling solutions would be crucial to having a […]

2020-08-04 - fiore exploration

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Guidelines for Selecting Kitchen Cabinets In choosing the kitchen cabinets you need the best for your kitchen. However, with the variety of companies that are offering the product choices can be hard. Therefore you need the best factors in selection. This article is on the tips for choosing kitchen cabinets. You will need to ask […]

2020-08-04 - fiore exploration

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Benefits Of Custom Cabinets There are so many ways that a person would ensure that they do have a perfect home. This is the goodness that comes with becoming a homeowner. The moment you become a homeowner, you should never forget that it would be up to you to ensure that your home is always […]

2020-08-04 - fiore exploration

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Things You Need To Focus On When Selecting a Private School That Will Be Perfect For Your Child The best gift a parent can give their child is education. That is why they ensure that they enroll their children in the best schools. Quality education is the key to success. Parents are usually in a […]

2020-08-04 - Yahoo! Finance: EDR.TO News

Endeavour Silver: Q2 Earnings Insights

Shares of Endeavour Silver (NYSE:EXK) were flat in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share were up 75.00% year over year to ($0.02), which missed the estimate of $0.03.Revenue of $20,201,000 decreased by 31.25% year over year, which missed the estimate of $40,030,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Endeavour Silver hasn't issued any revenue guidance for the time being.Details Of The Call Date: Aug 04, 2020View more earnings on EXKTime: 01:00 PMET Webcast URL: https://www.edrsilver.com/English/investor-info/events/event-details/2020/2020-Q2-Financial-Results-Conference-Call---Vancouver/default.aspxPrice Action 52-week high: $4.7952-week low: $0.99Price action over last quarter: Up 217.65%Company Description Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.See more from Benzinga * Stocks That Hit 52-Week Highs On Monday * Stocks That Hit 52-Week Highs On Wednesday * Stocks That Hit 52-Week Highs On Tuesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

2020-08-04 - Yahoo! Finance: GBR.V News

Great Bear Drills 81.22 g/t Gold Over 10.50 m at Bedrock Surface at LP Fault

Great Bear Resources Ltd. (the "Company" or "Great Bear"), (TSX-V: GBR) (OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

2020-08-04 - Yahoo! Finance: DIAM.TO News

Star - Orion South Diamond Project Preliminary Results From First Bulk Sample Trench Confirm Previous Sampling Grades: 2,517 Diamonds Weighing 120.1 Carats Recovered

Stock Symbol: TSX: DIAMSASKATOON, SK, Aug. 4, 2020 /CNW/ -Star Diamond Corporation ("Star Diamond" or the "Corporation") announces that a total of 2,517 diamonds weighing 120.

2020-08-04 - Yahoo! Finance: EDR.TO News

Endeavour Silver Reports Financial Results for the Second Quarter 2020; Conference Call at 10am PDT (1pm EDT) Today

VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) released its financial results today for the three month and six month periods ended June 30, 2020. The Company operates three silver-gold mines in Mexico: the Guanaceví mine in Durango state, the Bolañitos mine in Guanajuato state and the El Compas mine in Zacatecas state. Bradford Cooke, Endeavour CEO, commented, “I am pleased to report that notwithstanding the suspension of mining operations during the 2nd quarter due to the COVID-19 pandemic, Endeavour was able to reduce its net loss quarter-on-quarter, as each mine generated positive Mine Free Cash Flow thanks to improved operating performance and higher precious metal prices.  After the mines restarted, we were able to outperform our adjusted mine plans in June. We are now looking for opportunities to enhance safe production in H2, 2020.”“We were pro-active in implementing our coronavirus prevention and response plan in mid-March to minimize its impact on our mining operations in Mexico.  As a result, we have been able to stop the contagion at the mine gates, although our work force has been reduced due to higher risk employees staying home during this time.  I commend our Mexico management and employees for responding positively when called upon by these extraordinary circumstances.”2020 Second Quarter Highlights (all dollar amounts in US$) * Net Revenue: $20.2 million revenue from the sale of 634,839 oz of silver and 5,218 oz gold at average realized prices of $17.04 per oz silver and $1,862 per oz gold.   * Cash Flow: $1.9 million cash flow from operations before working capital changes, and EBITDA(1) of $1.2 million, notwithstanding the suspension of mining for all of April and part of May.   * Net Income: Loss of $3.3 million ($0.02 per share) which included $2.2 million in care and maintenance costs during the mine suspension period and $1.1 million in general and administrative expenses related to the mark to market of deferred share units due to the higher share price. Improved operating performance and higher precious metal prices significantly reduced losses both quarter-on-quarter and year-on-year.     * Balance Sheet: Cash position of $30.5 million and working capital of $44.6 million. Term liabilities consist solely of equipment loans of $11.0 million to upgrade the mobile mining equipment.  Raised $21.7 million in equity financing using the ATM facility, net of issuance costs.   * Metal Production: Produced 596,545 oz silver and 5,817 oz gold, despite the government mandated suspension of mining operations, for a total of 1.1 million oz silver equivalent (AgEq) at an 80:1 silver:gold ratio. * Operating Costs: Cash cost(1) was $2.78 per oz payable silver and all-in sustaining cost (AISC)(1) was $14.91 per oz payable silver, both net of gold credits. Cash cost and AISC were substantially lower both quarter-on-quarter and year-on-year due to the improved operating performance at Guanacevi, and the higher realized gold price that increased the by-product credit. The lower AISC was partly offset by increased capital expenditures at Bolanitos to effect the operating turnaround. * Guanacevi Continued to Out Perform: Nothwithstanding the mine suspension period, Mine Free Cash Flow (Cash from operating activities less capital expenditures) was $2.7 million as processed tonnes, silver and gold grades and recoveries continued well above plan. The operational turn-around and transition to mining the new, higher grade El Curso, Milache and SCS orebodies had a significant positive impact on the operating performance. Ore stockpiles and prepared long hole stopes allowed for an expedited mining restart, while the testing of the newly installed cone crushers in April allowed for significant plant throughput in May.   * Bolanitos Turning a Corner: Nothwithstanding the mine suspension period, Mine Free Cash Flow was $0.1 million as the re-start was slower than Guanacevi due to a smaller stockpile and greater focus on mine development and grade control during the ramp-up period. Gold grades rose during the quarter while silver grades remained low due to variations in the ore bodies.   * El Compas Generated Free Cash Flow: Nothwithstanding the mine suspension period, Mine Free Cash Flow was $1.1 million as the re-start was slower than Guanacevi due to a smaller stockpile and greater focus on mine development and grade control during the ramp-up period. Gold grades trended higher during the quarter while silver grades remained low due to variations in the ore bodies.   * Continued Exploration Success: Positive exploration drill results from the El Curso area at Guanacevi and the Melladito area at Bolanitos.(1) Mine operating cash flow, cash costs and all-in sustaining costs are non-IFRS measures. Please refer to the definitions in the Company’s Management Discussion & Analysis.Financial Results (Consolidated Statement of Operations Appended Below)For the three-month period ended June 30, 2020, the Company generated net revenue totaling $20.2 million (Q2, 2019 - $28.3 million). During the period, the Company sold 634,839 silver oz sold and 5,218 oz gold at realized prices of $17.04 and $1,862 per oz respectively, compared to sales of 1,100,065 oz silver and 9,416 oz gold at realized prices of $15.02 and $1,366 per oz respectively in the same period of 2019. The Company decreased its finished goods silver and increased its gold inventory to 235,100 silver oz and 1,953 gold oz, respectively at June 30, 2020 compared to 279,320 oz silver and 1,452 oz gold held at March 31, 2020. Cost of sales for Q2, 2020 was $17.1 million, a decrease of 50% over the cost of sales of $34.4 million for the same period of 2019.  The 50% decrease in cost of sales was primarily related to the suspension of the El Cubo operation in Q4, 2019 and the temporary suspension of the Guanacevi, Bolanitos and El Compas operations due to COVID-19 as consolidated throughput fell 52%.After cost of sales of $17.1 million (Q2, 2019 - $34.4 million), mine operating earnings was $3.1 million (Q2, 2019 – loss of $6.1 million) from mining and milling operations in Mexico.Exploration expenses decreased in Q2, 2020 to $1.7 million from $3.2 million for the same period of 2019 as the Mexico health decree resulted in a month and half of suspension of all activities. General and administrative expenses increased to $3.1 million in Q2, 2020 compared to $2.0 million for the same period of 2019, primarily due to mark-to-market fluctuations for director’s deferred share units. The quarter included $2.9 million of care and maintenance expense of which $0.7 million related to the shutdown El Cubo operation and $2.2 million related to the temporary suspension of the Guanacevi, Bolanitos and El Compas operations due to COVID-19.Excluding depreciation and depletion of $4.0 million (Q2, 2019 - $7.1 million), stock-based compensation of $0.1 million (Q2, 2019- $0.1 million) and the inventory write off of $0.5 million (Q2, 2019- $1.5 million) mine operating cash flow before taxes was $7.6 million in Q2, 2020 (Q2, 2019 – $2.6 million). Operating loss was $4.6 million (Q2, 2019 – loss of $11.3 million) after exploration expenditures of general and administrative expense and care and maintenance costs.Net loss amounted to $3.3 million (loss of $0.02 per share) compared to a net loss of $10.1 million (loss of $0.08 per share) in Q2, 2019.Direct production costs per tonne in Q2, 2020 decreased 4%, to $109.74 compared with Q2, 2019 due to lower operating costs at the Guanaceví operation, offset by the slightly higher costs at the Bolañitos and El Compas operations and the exclusion the El Cubo operation which suspended activities in Q4, 2019. Consolidated cash costs per oz, net of by-product credits (a non-IFRS measure and a standard of the Silver Institute) decreased 80% to $2.78 primarily due to lower operating costs per tonne, higher gold grades and higher realized gold price that increased the by-product credit compared to the same period in 2019. The higher proportional gold production, and rising gold price, which increased 36% compared to the same period ended in 2019, were significant drivers in the lower cash cost net of by-product credits. On a co-product cash costs basis, both silver and gold cost per ounce improved compared to the Q2, 2019. Silver co-product cash costs fell 28%, while gold co-product costs fell 13% to $10.16 per ounce and $1,111 per ounce respectively. The improvement was primarily driven by improved cost per tonne, the higher grade ore and improved gold recoveries.All-in sustaining costs (also a non-IFRS measure) decreased 29% to $14.91 per oz in Q2, 2020 as a result of lower operating costs offset by higher corporate general and administrative costs and increased capital expenditures at Bolañitos to accelerated mine development. General and administrative costs increased due to mark to market deferred share units and were allocated for the entire operating period despite suspension activities during April and May.The Company retained essential personnel at operations during the suspension period to maintain safety protocols, environmental monitoring, security measures and day-to-day maintenance. $2.1 million of costs were incurred from April 1st until the May re-starts and were allocated to care and maintenance expenses and excluded from mine operating costs or the corresponding metrics. The Mexican government declared mining as an essential business, however in Mexico positive COVID-19 cases continue to rise at a significant rate to date.  A local outbreak, an impediment to the supply chain or market logistics, or a change in government health orders remains a significant risk. The mines are operating under strict safety protocols with the expectations of operating near throughput capacity. Due to the continued uncertainty, management will not provide second half guidance at this time.The Condensed Consolidated Interim Financial Statements and Management’s Discussion & Analysis can be viewed on the Company’s website at www.edrsilver.com, on SEDAR at www.sedar.com and EDGAR at www.sec.gov. All amounts are reported in US$.Conference Call A conference call to discuss these results will be held today, Tuesday, August 4 at 10am PDT (1pm EDT). To participate in the conference call, please dial the numbers below. No pass-code is necessary.Toll-free in Canada and the US: 1-800-319-4610 Local Vancouver: 604-638-5340 Outside of Canada and the US: +-604-638-5340A replay of the conference call will be available by dialing 1-800-319-6413 in Canada and the US (toll-free) or +604-638-9010 outside of Canada and the US. The required pass-code is 4879. The replay will also be available on the Company’s website at www.edrsilver.com.About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer.  Our philosophy of corporate social integrity creates value for all stakeholders.SOURCE Endeavour Silver Corp.  Contact Information: Galina Meleger, Director Investor Relations Toll free: (877) 685-9775 Tel: (604) 640-4804 Email:  gmeleger@edrsilver.com  Website: www.edrsilver.comFollow Endeavour Silver on Facebook, Twitter, Instagram and LinkedInCautionary Note Regarding Forward-Looking StatementsThis news release 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. Such forward‑looking statements and information herein include but are not limited to statements regarding Endeavour’s anticipated performance in 2020 including changes in mining operations and production levels, the timing and results of various activities and the impact of the COVID-19 pandemic on operations. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the ultimate impact of the COVID-19 pandemic on operations and results, changes in production and costs guidance, national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties; as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.ENDEAVOUR SILVER CORP.    COMPARATIVE HIGHLIGHTSThree Months Ended June 30Q2 2020 HighlightsSix Months Ended June 30 2020 2019 % Change2020 2019 % Change Production 596,545 1,059,322 (44%)Silver ounces produced1,454,204 2,130,677 (32%) 5,817 9,558 (39%)Gold ounces produced14,293 19,613 (27%) 590,618 1,039,596 (43%)Payable silver ounces produced1,440,409 2,089,811 (31%) 5,717 9,332 (39%)Payable gold ounces produced14,037 19,141 (27%) 1,061,905 1,823,962 (42%)Silver equivalent ounces produced2,597,644 3,699,717 (30%) 2.78 13.67 (80%)Cash costs per silver ounce5.77 13.11 (56%) 10.33 22.87 (55%)Total production costs per ounce13.88 21.49 (35%) 14.91 20.90 (29%)All-in sustaining costs per ounce16.96 20.15 (16%) 114,120 237,640 (52%)Processed tonnes313,447 484,159 (35%) 109.74 114.40 (4%)Direct production costs per tonne104.59 110.04 (5%) 10.16 14.10 (28%)Silver co-product cash costs10.99 13.82 (20%) 1,111 1,282 (13%)Gold co-product cash costs1,175 1,215 (3%) Financial 20.2 28.3 (29%)Revenue ($ millions)42.1 56.3 (25%) 634,839 1,100,065 (42%)Silver ounces sold1,300,339 2,169,450 (40%) 5,218 9,416 (45%)Gold ounces sold12,672 18,975 (33%) 17.04 15.02 13%Realized silver price per ounce16.16 15.25 6% 1,862 1,366 36%Realized gold price per ounce1,727 1,340 29% (3.3) (10.1) 68%Net earnings (loss) ($ millions)(19.2) (23.4) 18% 3.1 (6.1) 151%Mine operating earnings (loss) ($ millions)0.2 (11.9) 102% 7.6 2.6 194%Mine operating cash flow ($ millions)11.9 7.2 65% 1.9 (1.0) 297%Operating cash flow before working capital changes(3.1) (3.1) 0% 1.2 (2.7) 145%Earnings before ITDA ($ millions)(5.5) (7.3) 25% 44.6 46.6 (4%)Working capital ($ millions)44.6 46.6 (4%) Shareholders (0.02) (0.08) 75%Earnings (loss) per share – basic(0.13) (0.18) 28% 0.01 (0.01) 200%Operating cash flow before working capital changes per share(0.02) (0.02) 0% 147,862,393 132,158,891 12%Weighted average shares outstanding144,836,300 131,779,448 10%         The above highlights are key measures used by management, however they should not be the sole measures used in determining the performance of the Company’s operations. The related definitions and reconciliations are contained in the Management Discussion and Analysis. ENDEAVOUR SILVER CORP. CONSOLIDATED STATEMENTS OF CASH FLOWS (expressed in thousands of U.S. dollars)             Three months endedSix months ended    June 30, June 30,June 30, June 30,     2020   2019  2020   2019            Operating activities         Net earnings (loss) for the period  $(3,289) $(10,123)$(19,215) $(23,401)           Items not affecting cash:         Share-based compensation   848   851  1,593   1,850  Depreciation, depletion and amortization   4,213   7,314  10,481   14,541  Deferred income tax expense (recovery)   (514)  (823) 1,350   (1,173) Unrealized foreign exchange loss (gain)   (140)  111  514   107  Finance costs   337   103  648   195  Write off of mineral properties   -   45  -   45  Write down of inventory to net realizable value   486   1,507  1,528   4,719  Loss on asset disposal   57   -  135   -  Unrealized loss (gain) on other investments   (107)  55  (114)  27  Net changes in non-cash working capital   (2,800)  824  (178)  (5,880) Cash from (used in) operating activities   (909)  (136) (3,258)  (8,970)                     Investing activities         Proceeds on disposal of property, plant and equipment   73   -  100   -  Mineral property, plant and equipment expenditures   (4,872)  (5,740) (10,384)  (9,663) Intangible asset expenditures   -   (1) -   (204) Cash used in investing activities   (4,799)  (5,741) (10,284)  (9,867)                     Financing activities         Repayment of loans payable   (554)  (152) (1,326)  (252) Repayment of lease liabilities   (49)  (32) (92)  (103) Interest paid   (243)  (70) (461)  (91) Public equity offerings   22,703   7,619  24,188   9,191  Exercise of options   8   -  20   -  Share issuance costs   (963)  (223) (1,037)  (288) Cash from financing activities   20,902   7,142  21,292   8,457            Effect of exchange rate change on cash and cash equivalents   314   65  (620)  110            Increase (decrease) in cash and cash equivalents   15,194   1,265  7,750   (10,380) Cash and cash equivalents, beginning of the year   14,990   21,776  23,368   33,376  Cash and cash equivalents, end of the period  $30,498  $23,106 $30,498  $23,106            This statement should be read in conjunction with the condensed consolidated interim financial statements for the periods ended June 30, 2020 and the related notes contained therein. ENDEAVOUR SILVER CORP. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)  (expressed in thousands of US dollars, except for shares and per share amounts)           Three months ended Six months ended   June 30, June 30,June 30, June 30,   2020  2019 2020  2019          Revenue $20,201  $28,294 $42,128  $56,314           Cost of sales:        Direct costs  11,722   25,354  28,522   48,425  Royalties  834   336  1,691   653  Share-based payments  92   53  183   108  Depreciation, depletion and amortization  3,951   7,149  9,974   14,265  Write down of inventory to net realizable value  486   1,507  1,528   4,719     17,085   34,399  41,898   68,170           Mine operating earnings (loss)  3,116   (6,105) 230   (11,856)          Expenses:        Exploration  1,665   3,207  4,047   5,540  General and administrative  3,137   2,009  5,142   5,051  Severance costs  -   -  -   1,100  Care and maintenance costs  2,911   -  4,256   -     7,713   5,216  13,445   11,691           Operating earnings (loss)  (4,597)  (11,321) (13,215)  (23,547)          Finance costs  356   103  666   195           Other income (expense):        Foreign exchange  740   646  (4,177)  243  Investment and other  605   16  654   (193)    1,345   662  (3,523)  50           Earnings (loss) before income taxes  (3,608)  (10,762) (17,404)  (23,692)          Income tax expense (recovery):        Current income tax expense  195   184  461   882  Deferred income tax expense (recovery)  (514)  (823) 1,350   (1,173)    (319)  (639) 1,811   (291)          Net loss and comprehensive loss for the period  (3,289)  (10,123) (19,215)  (23,401)                   Basic and diluted earnings (loss) per share based on net earnings$(0.02) $(0.08)$(0.13) $(0.18)          Basic and diluted weighted average number of shares outstanding 147,862,393   132,158,891  144,836,300   131,779,448                  This statement should be read in conjunction with the condensed consolidated interim financial statements for the period ended June 30, 2020 and the related notes contained therein. ENDEAVOUR SILVER CORP. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (expressed in thousands of US dollars)              June 30, December 31,   2020 2019       ASSETS           Current assets     Cash and cash equivalents $30,498  $23,368  Other investments  183   69  Account and other receivables  15,774   18,572  Income tax receivable  3,440   4,378  Inventories  13,823   13,589  Prepaid expenses  1,984   3,302  Total current assets  65,702   63,278        Non-current deposits  591   606  Non-current IVA receivable  2,812   2,048  Deferred income tax asset  5,899   7,136  Intangible assets  731   975  Right-of-use leased assets  1,152   1,337  Mineral properties, plant and equipment  90,273   88,333  Total assets $167,160  $163,713        LIABILITIES AND SHAREHOLDERS' EQUITY           Current liabilities     Accounts payable and accrued liabilities $16,649  $19,775  Income taxes payable  695   1,947  Loans payable  3,621   2,958  Lease liabilities  158   164  Total current liabilities  21,123   24,844        Loans payable  7,397   5,917  Lease liabilities  936   1,074  Provision for reclamation and rehabilitation  8,590   8,403  Deferred income tax liability  788   682  Total liabilities  38,834   40,920        Shareholders' equity     Common shares, unlimited shares authorized, no par value, issued       and outstanding 154,926,622 shares (Dec 31, 2019 - 141,668,178 shares) 505,334   482,170  Contributed surplus  11,668   11,482  Retained earnings (deficit)  (388,676)  (370,859) Total shareholders' equity  128,326   122,793  Total liabilities and shareholders' equity $167,160  $163,713        This statement should be read in conjunction with the condensed consolidated interim financial statements for the period ended June 30, 2020 and the related notes contained therein.

2020-08-04 - Yahoo! Finance: GSV.TO News

Gold Standard Announces 2020 Phase 1 Development Program for the South Railroad Project, Carlin Trend, Nevada

Phase 1 to focus on Pinion oxide resource conversion and the South Railroad Feasibility Study VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Gold Standard Ventures Corp. (TSX: GSV; NYSE AMERICAN: GSV) (“Gold Standard” or the “Company”) today announced plans for the 2020 Phase 1 development and exploration program on its 100%-owned/controlled Railroad-Pinion Project in Nevada’s Carlin Trend.  The program includes an estimated 20,410 m of reverse-circulation (RC) and core drilling in 136 holes.  Three drill rigs are currently active on site at Pinion.The Phase 1 2020 program objectives are: (1) convert Pinion Phase 4 to Measured and Indicated confidence level (see attached Pinion Phase 1 drilling illustration); (2) drill test additional near-surface targets at Dark Star with the goal of expanding the oxide resource; (3) further advance the Feasibility Study for the South Railroad Project; (4) file the south Railroad Plan of Operations; and (5) begin step out exploration drilling at the LT oxide discovery.  Funding for this program was obtained through an at-the-market (“ATM”) equity program announced on April 17, 2020 (see news release), and the recent investment by Orion Mine Finance (“Orion”) (see July 16, 2020 news release). The ATM equity program has been completed, where 15,097,478 common shares of the Company were issued for net proceeds of $13,984,881 after payment of applicable fees and expenses. Orion has also completed its purchase of an additional CDN$6,950,151 (US$5,135,326) of Gold Standard common shares through a non-brokered private placement at CDN$1.05 per share (see July 16, 2020 news release).Jonathan Awde, CEO and Director of Gold Standard commented: “Our pre-feasibility studies have demonstrated that South Railroad is a robust project at gold prices well below current levels. What we want—and what we expect—is a longer mine life to drive prospective returns to another level as we move the project through Feasibility.  To achieve this objective, we have designed this year’s programs to upgrade known inferred resources to indicated and also better define the potential in recently discovered new targets. That’s our expectation for 2020. We are also very pleased to have Orion as a new strategic shareholder in the Company and look forward to potential financings from them in the future.” Istvan Zollei, Portfolio Manager of Orion noted: “We are pleased to complete this further investment in Gold Standard and look forward to future cooperation, as long-term aligned partners, as they develop the South Railroad Project.”  Key Highlights for Phase 1 include: * At the Pinion deposit, drill up to 75 RC and core holes (about 16,200m) to decrease drill spacing on the inferred oxide resource for potential conversion to Measured and Indicated, provide material for additional metallurgical testing, and complete additional geotechnical and hydrology studies.  Current drilling will tighten the drill spacings near historic Cameco holes SB-136, an RC hole that intersected 102.1m of 1.38 g Au/t, and SB-162-99, a core hole that twinned and verified the SB-136 results with an intercept of 112.0m of 1.24 g Au/t.               Additionally, geologic mapping of recently exposed bedrock has identified a ~500m by ~300m zone of alteration and structural intersections – the SB target – to the southeast of the current Pinion drill pattern.  This emerging opportunity extends into an area of historic surface rock samples ranging from 0.1 to 0.31 g Au/t.  Follow-up surface mapping and sampling is ongoing.               At the Dark Star deposit, drill up to 20 holes (about 1,140m) to test additional targets with the goal of expanding the oxide resource.  Targets include: 1) at Saddle, drilling will look to expand Main Dark Star mineralization to the north; 2) expand drill coverage along the Sirius fault, to the south of Main Dark Star, into areas of >0.14 g Au/t in outcrop samples; 3) drill testing the projection of gold-bearing west northwest-striking faults where they intersect the West fault, a known feeder to gold mineralization, west of the North Dark Star reserve; and 4) at East Dark Star, extend and define the limits of near-surface oxide mineralization where bedrock and Quaternary gravel-hosted mineralization remains open along an approximate 600m north-south strike length.  * M3 Engineering & Technology Corporation is advancing a Feasibility Study for the South Railroad Project.  The Feasibility Study will include detailed engineering, geotechnical and hydrology studies to further de-risk the Project, along with updated resources and reserves estimates.  Completion of the Feasibility Study is anticipated in Q2 2021.    * The South Railroad Plan of Operations (PoO) is on track for Q4 2020 submission to the US Bureau of Land Management.  When the PoO is deemed complete, this will allow for the commencement of the EIS process.   * At the LT target, six step out drill holes (about 1,180m) will test structural and stratigraphic targets to the north and south of LT19-02, a 2019 RC hole that intersected 12.2m of 1.58 g Au/t (see November 12, 2019 news release).  LT is a new, near-surface oxide target located approximately 3 km north-northwest of the Pinion oxide gold reserve. The LT19-02 intercept is located approximately 185m north of surface outcrops that returned assay values ranging from <0.005 to 12.90 g Au/t from over a 400m by 200m area (see October 11, 2018 news release). Don Harris, Gold Standard’s General Manager commented: “It’s great to get drilling going at Phase 4 Pinion, which has potential to increase the mine life of the current South Railroad Project.  Results will be included in the Feasibility Study being advanced by M3 Engineering and a strong support cast.  We expect exploration at near-surface oxide targets at LT could also contribute to the mine life of the project in the future.”Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance: All Gold Standard sampling was conducted under the supervision of the Company’s project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored.  A blank, certified reference material, or rig duplicate was inserted approximately every tenth sample.  The samples were delivered to Bureau Veritas Mineral Laboratories preparation facility in Elko, NV where they were crushed and pulverized.  Resulting sample pulps were shipped to Bureau Veritas certified laboratory in Sparks, NV or Vancouver, BC.  Pulps were digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30-gram split.  Over limit gold assays were determined using a fire assay fusion with a gravimetric finish on a 30-gram split. All other elements were determined by ICP analysis.  Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results.The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Steven R. Koehler, Gold Standard’s Manager of Projects, BSc. Geology and CPG-10216, a Qualified Person as defined by NI 43-101.             ABOUT GOLD STANDARD VENTURES – Gold Standard is an advanced-stage gold exploration company focused on building value in a safe, responsible, sustainable and ethical manner by leveraging its strategic, cornerstone land package in Nevada’s Carlin Trend.  Gold Standard intends to advance its South Railroad Project through permitting and a feasibility study towards a potential production decision. Gold Standard intends to augment this goal by advancing exploration that contributes value to the South Railroad Project.The Pinion deposit has a mineral resource estimate prepared in accordance with NI 43-101 consisting of an Measured and Indicated Mineral Resource of 28.93 million tonnes grading 0.58 g/t Au and 4.22 g/t Ag, totaling 544,000 ounces of gold and 3,929,000 ounces of silver, and an Inferred Mineral Resource of 10.81 million tonnes grading 0.64 g/t Au and 3.80 g/t Ag, totaling 224,000 ounces of gold and 1,322,000 ounces of silver, using a cut-off grade of 0.14 g/t Au and constrained by a $1,500/Au ounce LG Cone.The Dark Star deposit has a mineral resource estimate prepared in accordance with NI 43-101 consisting of a Measured and Indicated Mineral Resource of 32.72 million tonnes grading 0.88 g/t Au, totaling 921,000 ounces of gold and an Inferred Mineral Resource of 2.48 million tonnes grading 0.70 g/t Au, totaling 56,000 ounces of gold, using a cut-off grade of 0.14 g Au/t and constrained by a $1,500/Au ounce LG Cone.The North Bullion deposit has a mineral resource estimate prepared in accordance with NI 43-101 consisting of an Indicated Mineral Resource of 2.92 million tonnes grading 0.96 g/t Au, totaling 90,100 ounces of gold and an Inferred Mineral Resource of 10.97 million tonnes grading 2.28 g/t Au, totaling 805,800 ounces of gold, using a cut-off grade of 0.14 g Au/t for near surface oxide and 1.25 to 2.25 g Au/t for near surface sulfide and underground sulfide respectively. The Jasperoid Wash deposit has a mineral resource estimate prepared in accordance with NI 43-101 consisting of an Inferred Mineral Resource of 10.57 million tonnes grading 0.33 g/t Au, totaling 111,000 ounces of gold, using a cut-off grade of 0.14 g Au/t and constrained by a $1,500/Au ounces LG Cone.Neither the Toronto Stock Exchange nor its regulation services provider nor the NYSE American LLC accepts responsibility for the adequacy or accuracy of this news release.CAUTIONARY NOTE REGARDING 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. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: estimates of mineral r resources; the opportunities for exploration, development and expansion of the Lewis Project; the intention to file a technical report for the initial mineral resource estimate at the Lewis Project; creating further value by leveraging its land package; advancing its South Railroad Project through permitting and a feasibility study  towards a potential production decision and augmenting this by advancing exploration that contributes value to the South Railroad Project; and the success related to any future exploration or development programs. These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve and resource estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the PFS; success of the Company's projects, including the South Railroad Project; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour- related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in silver and gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in the United States, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com) and with the SEC on EDGAR (available at www.sec.gov/edgar.shtml). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information. 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. CAUTIONARY NOTE FOR U.S. INVESTORS REGARDING RESERVE AND RESOURCE ESTIMATES Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the SEC set forth in Industry Guide 7 (“Industry Guide 7”), and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies in accordance with Industry Guide 7. In particular, and without limiting the generality of the foregoing, this news release uses the terms “measured mineral resources,” ‘‘indicated mineral resources’’ and ‘‘inferred mineral resources’’. U.S. investors are advised that, while such terms are recognized and required by Canadian securities laws, Industry Guide 7 does not recognize them. U.S. investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of “inferred mineral resources” exist, are economically or legally mineable or will ever be upgraded to a higher category. Under Canadian securities laws, estimated “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of “contained ounces” in a mineral resource is permitted disclosure under Canadian securities laws. However, Industry Guide 7 normally only permits issuers to report mineralization that does not constitute “reserves” by Industry Guide 7 standards as in place tonnage and grade, without reference to unit measures. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with Industry Guide 7.On behalf of the Board of Directors of Gold Standard,“Jonathan Awde” Jonathan Awde, President and Director FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan Awde President Tel: 604-669-5702 Email: info@goldstandardv.com Website: www.goldstandardv.com

2020-08-04 - El Nino Ventures Inc. News Feed

El Nino Ventures and Puma Exploration Terminate the Murray Brook Purchase Agreement

2020-08-04 - Yahoo! Finance: CEE.TO News

Centamin PLC Announces 2020 Interim Results

This operational delivery has enabled us to benefit from the recent strength in the gold price.

2020-08-04 - Yahoo! Finance: CEE.TO News

Centamin PLC Announces Dividend Declaration

PERTH, AUSTRALIA / ACCESSWIRE / August 4, 2020 /DIVIDEND DECLARATIONCentamin (LSE:CEY)(TSX:CEE) is pleased to announce a second interim dividend of 6 US cents per share, for the six months ended 30 June 2020 ("H1"), will be paid on 11 September 2020.

2020-08-04 - Yahoo! Finance: RKR.V News

Rokmaster Grants Options

TSXV: RKR Frankfurt: 1RR1 OTC Pink: RKMSFVANCOUVER, BC, Aug. 4, 2020 /CNW/ - Rokmaster Resources Corp.

2020-08-03 - Yahoo! Finance: INV.TO News

INV Metals Provides Update

TORONTO, Aug. 03, 2020 (GLOBE NEWSWIRE) -- INV Metals ("INV Metals" or "Company") (TSX: INV) provides an update on the 100% owned Loma Larga gold-copper-silver property (“Loma Larga” or “Project”), located in Ecuador. The Company is in the process of finalizing the Environmental Impact Study (“EIS”) for the Loma Larga gold-copper-silver project and expects to submit the EIS in the near term to the Ministry of Environment and Water for review and comment. The EIS is the culmination of a collaboration of work by the Company, various consultants and local universities based on many years of baseline data collection and study. Once submitted, the Company will enter the permitting and financing phase of the Project with the goal to commence the development of Loma Larga in 2021.Ms. Candace MacGibbon stated, “INV Metals has focused its efforts to design the Loma Larga underground mine and related infrastructure in an environmentally responsible manner, with a total site footprint of less than 65 hectares. The mine site is not near any lakes or rivers. The Loma Larga Project will not discharge any water within the Canton of Cuenca. Treated water will meet stringent Ecuadorian standards and the Company expects the treated water to be of better quality than the water currently found downstream of the discharge point. The underground mine will produce concentrates which do not use cyanide for processing and ~55% of the tailings will be placed underground using the paste backfill method. The remaining tailings will be placed on a lined and filtered tailings facility and will be covered and revegetated upon closure. The geotechnically stable tailings facility is designed with berms surrounding the enclosure that will house inert material which will be filtered and pressed to remove water to be treated and recycled within the processing facilities.”Ms. MacGibbon added, “We have worked together with our local communities for over 15 years to support the people and communities where we operate, most recently working side-by-side to combat the COVID-19 crisis to help provide food security and medical and personal protective equipment. We reconfirm our commitment to honest and transparent communication.”She added, “The Ecuadorian federal government remains supportive of mining to achieve its goal of sustainable and responsible development for the future. Our team is looking forward to this exciting phase of Loma Larga’s development where we engage with our many stakeholders to convey the benefits of Loma Larga and to clarify misinformation.”The Prefect of Azuay submitted another referendum request today regarding mining activities in the Canton of Cuenca for consideration to the Constitutional Court. The Company is of the opinion that the request, and any other potential referendum requests, are politically motivated in advance of the 2021 presidential elections. The request is the third such request by this individual to attempt to negatively influence mining via a referendum and we have been advised by legal counsel that the request is unconstitutional and, like the previous requests, does not meet the criteria and standards for approval by the Constitutional Court. Two previous referendum applications by the Prefect of Azuay related to mining activities in the Province of Azuay were denied by the Constitutional Court. We expect that this new request will also be rejected by the Constitutional Court. The Loma Larga deposit is located in the Canton of Cuenca.The Company and various stakeholders will defend this, and any future requests. Our team will continue with the goal of the sustainable and responsible development of Loma Larga. The Company will provide further information when available.The Company has a Technical Cooperation Agreement in effect with ETAPA, the University of Cuenca, and the University of Azuay, and the Ministry of Mining, whereby the Company works together with the universities for the universities to carry out independent monitoring programs on the biodiversity of the area and prepare technical studies and reports related with water issues. ETAPA is a public utilities company owned and operated by the city of Cuenca, which provides landline telephone, internet, water, and sanitation and sewage services within the canton of Cuenca.The development of Loma Larga is expected to provide substantial economic benefits to the future employees of INV Metals, our communities, and the local, provincial and federal governments of Ecuador. The development and operation of the Loma Larga mine will also provide numerous employment and business opportunities for the local communities and within the region. Various benefits are expected to include: * continuation of the Company’s numerous social programs; * during the construction period of 18-24 months, an estimated direct employment of 875 people; * when the mine is in operation, an estimated 450 permanent direct jobs; * economic development and the creation of indirect jobs with local procurement initiatives and training opportunities; * the Loma Larga underground mine is estimated to provide opportunities for local Ecuadorian businesses to supply goods and services of over $150 million during the construction phase and $571 million during the operations over the mine life; * wages, social security and pension benefits are estimated at $15 million annually, for a total of $186 million over the mine life; * employee profit sharing taxes (3%) are estimated at $34 million; * taxes to the Government of Ecuador are estimated at: * Corporate Income tax (25%) - $226 million * State profit sharing tax (12%) - $135 million * Employment taxes (35%) - $52 million * VAT (12%) and import duties (0% - 5%) - $109 million * Royalties (5%) - $120 millionAbout INVTM MetalsINVTM Metals is an international mineral resource company focused on the acquisition, exploration and development of precious and base metal projects in Ecuador. Currently, INVTM Metals’ primary assets are: (1) its 100% interest in the Loma Larga gold exploration and development property in Ecuador, and (2) its 100% interests in exploration concessions in Ecuador, including the Tierras Coloradas, La Rebuscada and Carolina exploration projects.For further information, please contact:Candace MacGibbon Chief Executive Officer Phone: (416) 703-8416 E-mail: cmacgibbon@invmetals.comDoug Flegg Capital Markets Advisor Phone: (416) 703-8416 E-mail: dflegg@invmetals.comForward Looking StatementsThis press release contains forward-looking information. Forward-looking information contained in this press release includes, but is not limited to, statements with respect to the EIS, including the timing to submission and the public consultation period, the timing to enter into the permitting and financing phase of the Project, the timing to development of the Project, the design and impact of the Project on the environment, the support of the Government of Ecuador, statements with respect to the third referendum request and the Company’s intentions with respect to the third and any future requests, and the benefits of the Project, including to future employees, local communities and various levels of government and the various employment and business opportunities. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. In certain cases, forward-looking information may be identified by such terms as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “shall”, “will”, or “would”. Forward-looking information contained in this press release is based on certain factors and assumptions made by 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. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information involves 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 information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to grade or recovery rates, reliance on key personnel, operational risks, regulatory, capitalization and liquidity risks. Please refer to the Company’s Annual Information Form dated April 14, 2020 filed on SEDAR at www.sedar.com for other risks that could materially affect the Company. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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Quarterly Activities for the Period Ended 30 June 2020

Figure 1 Cardinal Resources Tenements in Ghana Figure 2 Location of 63 km2 Namdini Mining Lease Figure 3 Namdini Project Showing Completed Drill Locations Figure 4 Completed Geotechnical Drill Locations on TSF and Process Plant Areas Figure 5 Namdini Mining Licence and Bolgatanga Project Tenements Figure 6 Yameriga Prospect with Drillholes, Trenches and Rock Chip Sample Locations. Figure 7 Yameriga Rock Chip samples Figure 8 Yameriga Trench YMTR002 looking South showing vein orientation types Figure 9 Subranum Project Tenement Straddling Bibiani Shear ZoneTORONTO, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX: CDV; TSX: CDV) (“Cardinal” or “the Company”) a Ghana gold focused exploration and development company, is pleased to present its Quarterly activities report for the period ended 30 June 2020.HIGHLIGHTS * On March 16, 2020 the Company advised that it had received notification from Nord Gold SE (Nordgold) that it had acquired a relevant interest of 19.9% of the shares in Cardinal, (having acquired 16.4% stake previously owned by Goldfields Limited), and further advised that Nordgold had provided a non-binding indicative and conditional proposal to acquire all the issued capital of Cardinal that it did not already own for AU$0.45775 per share in cash. * On March 30, 2020 the Company updated its shareholders and provided commentary as to how the Company is managing the current COVID-19 pandemic. * On May 4, 2020 the Company announced an update on permitting approvals and COVID-19 impacts on the Company’s progress. * On June 5, 2020 the Company announced that the senior secured credit facility (as amended in February 2020 and March 2020) had been assigned from Sprott Private Resource Lending, L.P. to the Ghana Infrastructure Investment Fund (GIIF), a Ghana Government owned infrastructure investment vehicle. * On June 16, 2020 the Company responded to media speculation in Ghana and advised that the Company continued strategic discussions with banks, financiers and other parties which continued to show interest in bringing the Namdini Project into production with a view to maximising economic outcomes. Whilst discussions in relation to any potential transaction remain ongoing, at that time no agreement had been entered into in relation to any transaction. * On June 18, 2020 the Company announced the recommended all-cash takeover offer of Cardinal Resources by Shandong Gold Mining (Hong Kong) Co, Ltd (a subsidiary of Shandong Gold Mining Co, Ltd) (“Shandong Gold”). Cardinal entered into a Bid Implementation Agreement with Shandong Gold, pursuant to which Shandong Gold agreed to acquire 100% of the issued and outstanding ordinary shares in Cardinal at a price of AU$0.60. Proposed implementation by way of an off-market takeover offer with a 50.1% minimum acceptance condition. The Board of Cardinal unanimously recommended acceptance of the Shandong Gold offer in the absence of a superior proposal. * On July 7, 2020 the Company announced that it had raised AU$11,960,000 as a result of the issue of 26,000,000 fully paid ordinary shares to Shandong Gold in accordance with the terms of the Bid Implementation Agreement. * On July 15, 2020 Cardinal received an unconditional on-market takeover offer at AU$0.66 per share from Nordgold. Having regards to the unsolicited nature of the takeover bid and the provisions of the Bid Implementation Agreement with Shandong Gold, the Board of Cardinal recommended a ‘take no action’ at the time in relation to the Nordgold takeover bid. * On July 20, 2020 the Company advised that its Namdini Mining Licence had officially received Sovereign Parliamentary Ratification in Ghana. * On July 22, 2020 the Company advised that it had received a revised and improved proposal for an off-market takeover from Shandong Gold, pursuant to which Shandong Gold will offer to acquire all of the shares in Cardinal it does not presently own at a cash price of $0.70 per share. * On July 27, 2020 the Company, after careful consideration of the Revised Shandong Gold Offer and Nordgold’s unconditional on-market offer for Cardinal, Cardinal’s Board of Directors (in consultation with the Special Committee, its financial and legal advisors), unanimously recommended that Cardinal shareholders * ACCEPT the Revised Shandong Gold Offer (in the absence of a superior proposal); and * REJECT the Nordgold Bid. * On July 30, 2020 the Company advised that it had entered into a deed with each Shandong Gold Mining (HongKong) Co., Limited and Shandong Gold Mining Co., Ltd, to amend the Bid Implementation Agreement.OUTLOOKThe principal activity of the Company is gold exploration and mine development in Ghana. The Company holds tenements prospective for gold mineralisation in Ghana in two granite‐greenstone belts: the Bolgatanga Project and the Namdini Gold Project (“Namdini”), which are, respectively, located within the Greenstone Belts in northeast Ghana and the Subranum Project, which is located within the Sefwi Greenstone Belt in southwest Ghana.The main focus of activity is the Namdini Gold Project which has a gold Ore Reserve of 5.1Moz (138.6Mt @ 1.13g/t Au; 0.5g/t Au cut‐off) inclusive of 0.4Moz Proved (7.4Mt @ 1.31g/t Au; 0.5 g/t Au cut‐off) and 4.7Moz Probable (131.2Mt @ 1.12 g/t Au; 0.5g/t Au cut‐off).In response to the COVID-19 pandemic and following advice from the World Health Organization (“WHO”) as well as the Australian, Ghanaian, and Canadian Governments, Cardinal has enacted changes to its exploration programme and on-site development programme, primarily focused on the safety and well-being of our workforce.All international travel remains suspended.  On the ground in Ghana, the workforce has been reduced to key personnel only. According to WHO External Situation Report 189 (July 27, 2020), there had been 32,435 confirmed cases of COVID-19 in Ghana, including cases via local transmission. 161 deaths from COVID-19 have been recorded in Ghana at the time of this report.  At the time of writing, the Northern Region of Ghana, where Cardinal’s main tenements are located, have recorded 308 COVID-19 cases with one death. Some restrictions and lockdowns have been eased. Strict COVID-19 Operational Procedures have been introduced on site and in Cardinal Offices in Perth and Accra.The Company is doing everything to ensure it is well placed to resume normal business as soon as practically possible. The Project technical team and its partners are still actively working on adding value to the Namdini Gold Project.Figure 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b24c0235-c0a9-47cd-9c17-337d1fe65ec4THE NAMDINI GOLD PROJECTProperty Title / Mining LeaseA Large‐Scale Mining License covering the Namdini Mining Lease was granted to Cardinal Namdini Mining Limited (“Cardinal Namdini”), a wholly owned subsidiary of Cardinal, by the Minister of Lands and Natural Resources (“the Minister”) under the Ghanaian Minerals and Mining Act 2006 (Act 703) (“the Act”) in December 2017.In February 2020, the Minister - in accordance with the Act- approved the application to expand the original Mining Lease to the maximum allowable area. The expanded Large-Scale Mining Lease now totals 63km2 and is valid for a renewable term of 15 years from 2020 (Figure 2).Subsequent to the Quarter end the Company advised that its Namdini Mining Licence had officially received Sovereign Parliamentary Ratification in Ghana.Figure 2 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e9be1ee-7974-4933-bf9b-4bd1f133d111*7.4Mt @ 1.31g/t Au for 0.4Moz Au Proved and 131.2Mt @ 1.12g/t Au for 4.7Moz Au Probable; 0.5g/t Au cut‐off Project Development TimelineTable 1: Proposed Project development schedule (Subject to Financing and COVID-19 impact).MilestoneTarget timeline Advance Front End Engineering and Design (“FEED”) to completionQ4 2020 Advance Resettlement Action Plan to substantial completionQ1 2021 Target production commencementH1 2023 Following release of the Feasibility Study and accompanying NI43‐101 Technical Report (ASX/TSX Press Release dated 28 October and 28 November 2019 respectively) the gold price has traded within the range of US$1,492 to US$1,902 per ounce on 24 July 2020. The three-year running average to 24 July 2020 is US$1,385 per ounce.Project Economic OutcomesThe Feasibility Study evaluated the Namdini project outcomes at a gold price of US$1,350 per ounce, but also presented gold price sensitivities from US$1,150 per ounce and up to US$1,550 per ounce which Cardinal has set out below in Table 2 below.Table 2 – Namdini Project Feasibility Study Outcomes (ASX/TSX Press Release dated 28 October and 28 November 2019 respectively)Project Financial Model Gold PriceUS$ / oz1,1501,3501,550 Capital Cost (including $42M contingency)US$M390390390 All in Sustaining Costs (AISC)1   Starter Pit    US$ / oz    585    585    585 Life of Mine (15 years)US$ / oz895895895 Total Project Paybackmonths33219 Pre‐Tax NPV5%US$M4069141,438 Pre‐Tax IRR%264357 Royalties calculated at a rate of 5.5% at UD$1,350/oz and 6.0% at US$1,550/oz and a corporate tax rate of 32.5%; both subject to negotiation.1 Cash Costs + Royalties + Levies + Life of Mine Sustaining Capital Costs (World Gold Council Standard).The forecast financial information set out above in Table 2 was initially contained in Cardinal’s Feasibility Study (refer Cardinal’s ASX Announcement dated October 28, 2019 titled “Feasibility Study Confirms Namdini as Tier One Gold Project”.) Cardinal confirms that all the material assumptions underpinning the above forecast financial information in the Feasibility Study continue to apply and have not materially changed.Project Development Partners Table 3: FEED Team:COMPANYROLE LycopodiumFeasibility Study Managers. Process plant and associated infrastructure. Capital and Process Operating cost estimation. AMC ConsultingMine design, planning, optimization, scheduling and mining contractor tendering Orway Minerals ConsultantsComminution data analysis, crushing and grinding option studies. ALS Laboratory (Perth)Metallurgical test work to support the process design criteria. Knight Piésold ConsultingTailings Storage Facility and selected infrastructure design. Independent Metallurgical OperationsMetallurgical test work management and analysis MPR Geological ConsultantsMineral Resource modelling of the Namdini Deposit. OrefindGeology and deposit structural genesis. Sebbag Group InternationalMine Design Management and Review. NEMAS Consult & Geosystems ConsultingEnvironmental Impact Assessment Study. Whittle ConsultingEnterprise Optimization of the Namdini Project. Alastri SoftwareTactical Scheduling, Haulage Modelling and Reserving Software. Maelgwyn Mineral Services AfricaAachenTM process metallurgical optimization. BDO AdvisoryFinancial Model Integrity & Reviewer (PEA, PFS and FS). MKM SocialSocio‐Economic Study and Resettlement Action Plan.  Project Permits and Approval Status * July 2018 – Environmental Impact Statement (“EIS”) development and documentation process initiated * December 2019 ‐ Cardinal submitted its Draft EIS for development of the Namdini Project with Ghanaian EPA * January 2020 ‐ Ghanaian Environmental Protection Agency (“EPA”) completed its review of the Draft Environmental Impact Statement (EIS) for the development of the Namdini Project. The EIS revised as needed and re‐submitted in March 2020 * February 2020 ‐ Relocation Action Plan (“RAP”) approved. The RAP was developed over an extended period, inclusive of extensive consultation with the Project Affected People (“PAP”) and several levels of the Government. It was signed off by all PAP and subsequently approved by the Ghanaian Minerals Commission * February 2020 ‐ Water License granted. Permits the use of water for construction and mine operations purposes * April 2020 ‐ Ghanaian EPA approves Cardinal’s EIS, granting its Permit for the development of the Namdini Gold Project * July 2020 – The Namdini Mining Licence had officially received Sovereign Parliamentary Ratification in GhanaThe Company was granted an environmental permit for the Namdini Gold Project by EPA on April 20, 2020. The permit expires October 20, 2021. Renewal is expected on October 27, 2021 following the submission of an Environmental Management Plan (“EMP”). The EMP will be submitted six months prior to the expiry.Developing a safe, successful, and sustainable gold mine continues to be a principal focus for Cardinal Resources. Progress on permitting initiatives are as follows: * Application for Bulk Oil Facility permit from the Ghana EPA * Registration of the proposed Environmental Impact study with the EPA * Application for zoning letter from the Talensi District AssemblyOutlook for the third quarter is as follows: * Application for Fire Certificate from the Ghana National Fire Service * Rehabilitate existing access road to the project site * Application for chemical use permit from the EPA and Narcotics Board of Ghana * Create access to proposed water abstraction point on the White Volta * Implement operations Health, Safety and Environmental (HSE) Management System * Application for mine operating permit from the Minerals Commission of GhanaResettlement Action PlanMinCom has approved Cardinal’s RAP for its Namdini Gold Project in the Talensi District of the Upper East Region of Ghana, West Africa. The RAP report was produced in accordance with the Minerals and Mining (Compensation and Resettlement) Regulation 2012 (L.I 2175), and International Finance Corporation’s (“IFC”) Performance Standards on Social and Environmental Sustainability.MinCom’s approval has paved the way for construction of 275 structures including residential and public buildings for the people of Accra Site and Buing village, which is planned for the next financial year. The 270 impacted households with a total population of 1,410 people will be compensated for loss of assets and livelihood. Existing infrastructure will be improved. The communities signed the Resettlement Agreement with the Company on February 11, 2020.FEED UpdateAll works for the FEED programme were wound down for Cardinal’s appointed consultants following advice from the Company due to the global spread of COVID‐19.Additional land was acquired for the Namdini project area which resulted in the tailings storage facility (“TSF”), water storage facility (“WSF”) and waste storage dump (“WSD”) being optimised with the additional space being made available.A summary of the FEED activities up to the point of suspension were as follows: * Cardinal continued negotiating the separable Engineering Procurement and Construction Management contracts with Lycopodium * The following design notices were being processed: ° An 11kV power supply selected for the river abstraction pumps as opposed to a diesel generator set ° Splitting of the oxygen demand into two separable oxygen plants for redundancy ° Specifications of the lease boundary fencing to be upgraded. ° A carbon-in-leach (“CIL”) tower crane chosen as opposed to a gantry crane ° Addition of a semi‐automatic Sodium Metabisulphite handling system ° Addition of a Lime Blower for delivery to the Process Plant outside of the Plant fence ° Haul truck crossovers for tailings and decant pipelines ° Flat pack versus block work for the permanent accommodation camp, fly camp and construction camp ° Reducing the size and hence cost of the primary crusher * The site lay-out issued for final review * The Project Execution Plan in the process of being reviewed by Cardinal * An updated TSF dam breakage analysis completed and issued to Cardinal * The WSF relocated and a new WSD designed.The project execution schedule was premised on a Financial Investment Decision (“FID”) date of May 1, 2020 and a site access date of September 1, 2020. At the time of suspension, the schedule was ready for review by Cardinal.Specific schedule target milestones are defined as follows: * Plant warehouse to be commissioned and handed over 12 months before first gold pour * Incinerator to be commissioned and handed over 12 months before first gold pour * Mining Service Area Facility to be commissioned and handed over 9 months before first gold pour * Metallurgical laboratory to be commissioned and handed over 6 months before first gold pourA constructability project review was completed during the FEED, to be ready for a planned Hazard Identification (“HAZID”) analysis. The HAZID was cancelled due to the suspension.The following procurement packages were in various stages of evaluation: * Fly Camp Facilities, Operation and Camp Management * Site Survey Services * Infrastructure Bulk Earthworks * Plant Bulk Earthworks * Concrete Works * Field Erected Tanks and Steel Framed Buildings * Construction Camp ServicesMining contract tender expressions of interest were sent to thirteen (13) potential mining contractors.Namdini Project DrillingNamdini Infrastructure Sterilisation DrillingDuring the Quarter, sterilisation drilling was suspended.  Sterilisation drilling to date as expected has returned no significant mineralisation.To date, approximately 37,164m of drilling has been completed, comprising of 381 reverse circulation (“RC”) drillholes for approximately 36,529m and 2 diamond drillholes for approximately 635m (Figure 3).Figure 3 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d22a90c0-5fb2-488f-8ffb-390b727284c3Namdini Infrastructure Geotechnical Drilling No Geotechnical drilling and test-pitting were undertaken for the project infrastructure during the Quarter,  due to the COVID-19 restrictions.  Figure 4 highlights completed Geotech investigations on the TSF and Process Plant areas.Figure 4 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a2fc8424-ae66-43e0-8738-6ca5f0ad3503REGIONAL EXPLORATION UPDATEThe Company owns exploration rights to two exploration projects: The Bolgatanga Project which includes Bongo Licence Area, Kungongo Licence and Ndongo Licence Area (Figures 1 and 5) located in the northeast of Ghana and the Subranum Project located in the southwest of Ghana (Figures 1 and 9).The main focus of the Company’s regional exploration programme during the Quarter was field mapping and ground-truthing initiated after a review of structures and targets generated from geophysical data, historical RC results and a follow up on identified geophysical targets with trenching and sampling programme at Yameriga (RL9/19) (Figure 5).Figure 5 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ebd95aaf-2bb2-4bb9-884f-442195b600a9*7.4Mt @ 1.31g/t Au for 0.4Moz Au Proved and 131.2Mt @ 1.12g/t Au for 4.7Moz Au Probable; 0.5g/t Au cut‐off BOLGATANGA PROJECTNdongo Licence AreaThe Ndongo Licence Area, hosts part of the extensive regional Bole-Bolgatanga Fault in the northwest and the prospective Nangodi Shear Zone in the centre of the licence area. The licence area wraps around the southern end of the Palungu granitoid intrusive, in the south-eastern region of the licence and forms the main area of prospectivity on the tenement (Figure 5).The Ndongo Licence Area, comprises of the combined, Nangodi Prospecting Licence (RL9/13, covering a land size of 84.7km²), Ndongo Prospecting Licence (RL9/22, covering a land area of 157km²), and Yameriga Prospecting Licence (RL9/19, covering a land size of 36.78km²), granted to Cardinal to prospect for gold in the Bolgatanga and Talensi Nabdam District in the Upper East Region in the Republic of Ghana. The combined land area of the Ndongo Licence Area is 278.48km².The Company focused exploration activities during the Quarter at Yameriga conducting field mapping, ground truthing, trenching and some scout RC drilling after a review of geophysical targets, historical RC results and artisanal workings (Figure 6). Rock chip samples collected from veins in adits and rock dumps around adits in heavily artisanal areas returned significant gold assays. A summary of the highlighted results is shown in Table 5 and in Figure 6 below. The significant assays returned from the rock chip samples indicate the potential for discovery of high-grade economic gold mineralisation at Yameriga and warrant further detailed exploration work. Rock chips were mainly quartz veins (milky and smoky) with iron staining and occasional visible specks of gold. Primary rocks encountered were variably altered volcaniclastics with chlorite-silica alteration and specks of sulphides (Rock Chip sample pictures in Figure 7).A total of 17 scout RC drillholes totaling 1,070m and 1 DD totaling 49.88m were also completed and dispatched to Intertek Laboratory. Assay results are still pending and will be reported next Quarter. Table 4 lists the drillhole and trenching activity undertaken within the quarter.Table 4: Yameriga First Pass RC Drilling and TrenchingProgrammeNo. HolesRC (m)DD (m)Total (m)No. SamplesNo. DuplicatesNo. BlanksNo. StdsTotal Samples Drilling181,07049.881,119.881,1205226271,225 Trenching2- 344921153 Table 5: Yameriga Rock Chip SamplesSampleIDGridIDmEastmNorthmRLAu (g/t) YMRX047UTM WGS84 Zone 30 North743,3901,185,571223129.2 YMRX044UTM WGS84 Zone 30 North743,3771,185,56722513.5 YMRX041UTM WGS84 Zone 30 North743,3881,185,56422368.4 YMRX019UTM WGS84 Zone 30 North743,2231,185,87221828.9 YMRX017UTM WGS84 Zone 30 North743,2221,185,87321820.0 R332468UTM WGS84 Zone 30 North744,6871,183,6651194.7 R332454UTM WGS84 Zone 30 North745,3641,185,7481790.7 R332447UTM WGS84 Zone 30 North744,9461,184,1922327.2 Figure 6 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4569c4b2-1f52-4698-b95a-45c0d527fea4Figure 7 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96d44b0b-d44a-4e4d-9e24-120f958cebfdTwo follow-up trenches were also completed during the quarter for a total of 34m (Figures 6 and 8). The purpose for the trenching was to obtain a better understanding of the host rocks, styles of mineralisation, structural controls and to ultimately refine targets generated from geophysical surveys. Mapping and sampling (horizontally and vertically) were completed within the saprolite along the trench walls, targeting the two types of veins (milky and smoky) encountered (Figure 8). Trench YMTR002 returned significant gold assays summarised in Table 6.Table 6:  Summary of Individual Trench Significant Assays at YamerigaTrenchIDAzimuth (°)GridIDmEastmNorthmFrommTomWidthAu (g/t) YMTR002170UTM WGS84 Zone 30 North743,3821,185,5621.03.0233.3 YMTR002170UTM WGS84 Zone 30 North743,3801,185,5687.012.052.5 YMTR002170UTM WGS84 Zone 30 North743,3801,185,56811.012.011.0 Figure 8 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b57b6390-3286-4ddf-a7f4-d6caf418cb80Kungongo Licence AreaThe Kungongo Prospecting Licence (RL9/28) is located approximately 40km west of Namdini Gold Project and covers a total land size of 122.4km². The licence hosts the extensive regional Bole-Bolgatanga fault over a length of 6km in the northwest corner of the tenement. The tenement is underlain by Birimian greenstones which have been extensively intruded by younger granitoids (Figure 5).As part of the Company’s precautionary measures put in place to minimize the risk of exposure of employees amid the COVID-19 pandemic, all exploration activity at Kungongo was placed on hold during the Quarter.Bongo Licence AreaThe Bongo Licence Area covers a total land area of 465km². It hosts part of the regional Bole-Bolgatanga Fault (Figure 5).The Bongo Licence Area comprises of the combined, Bongo Prospecting Licence (PL9/29 covering a land size of 155km²) located in the Bongo area, Kandiga-Atibisi Prospecting Licence (PL9/38 covering a land size of 155km²) located in the Kandiga-Atibabisi area,  and Zoko-Tarongo Prospecting Licence (PL9/37 covering a land size of 155km²) located in the Zoko-Tarongo area all in the Upper East region of Ghana.As part of the precautionary measures put in place by the Company to minimize the risk of exposure of employees amid the COVID-19 pandemic, the Company suspended all exploration activity  at the Bongo Licence Area  during the Quarter.SUBRANUM PROJECTThe Subranum Project covers an area of 71.4km² located in southwest Ghana. The license straddles the eastern margin of the Sefwi Gold Belt which is bounded by the regional Bibiani Shear Zone (“BSZ”) stretching about 200km across southwestern Ghana (Figure 9).There is 9km of the BSZ developed within the Subranum license trending NE to SW. The BSZ forms a very prospective, sheared contact between Birimian phyllites and greywackes to the southeast and mafic to intermediate volcanics and volcaniclastics to the northwest. Granitoid stocks of the Dixcove suite intrude this shear zone.The portion of the Bibiani Shear Zone occurring within the Subranum tenement is 9km long, trending SW to NE. Previous extensive exploration has outlined a 5km long gold target, extending from the SW tenement boundary towards the NE, with the remaining 4km of the 9km strike length remaining relatively unexplored.All exploration activities were on hold during this Quarter as part of the Company’s precautionary measures to minimize the risk of exposure of employees to COVID-19.Figure 9 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98eb17ce-37aa-4e3d-854d-8927a98ec9bfTENEMENT SCHEDULE ‐ ASX LISTING RULE 5.3.3The following tenement information is provided pursuant to ASX Listing Rule 5.3.3. No tenements in part or whole were relinquished, surrendered or otherwise divested during the Quarter ended June 30, 2020.All Cardinal’s tenements are in good standing with the Ghanaian Minerals Commission.ProjectLicence AreaTenement NameTenement NumberLicence TypeInterest Acquired During QuarterInterest Divested During QuarterInterest Held at End of Quarter   BongoRL9/29Prospecting--100%  BongoKandiga-AtibabisiPL9/38Prospecting--100% Bolgatanga Zoko-TarongoPL9/37Prospecting--100%   NangodiPL9/13Prospecting--100%  NdongoNdongoPL9/22Prospecting--100%   YamerigaRL9/19Prospecting--100%  KungongoKungongoRL9/28Prospecting--100% NamdiniNamdiniDatokoPL9/29Mining Lease--100% SubranumSubranumSubin-KasoPL9/309Prospecting--100% CORPORATE UPDATEFinance UpdateThe Company announced that the senior secured credit facility (as amended in February 2020 and March 2020) (“Facility”) had been assigned from Sprott Private Resource Lending L.P. (“Sprott”) to the Ghana Infrastructure Investment Fund (“GIIF”), a Ghana Government owned infrastructure investment vehicle.As a result of the acquisition, Cardinal’s senior debt facility provider is now GIIF.The balance of the Facility was approximately US$23.8 million (following a US$0.4 million repayment of the debt to Sprott prior to the transaction) and Cardinal has also been provided with further funding (from previously restricted cash) totaling an additional US$3.1 million which now forms part of Cardinal’s working capital.  As part of the transaction, Cardinal agreed to amend and restate the Facility under Ghanaian law.The material commercial terms of the Facility (below) remain unchanged or are otherwise more favourable for Cardinal, as set out below: * 24-month repayment term (the Sprott arrangements had a maturity date of March 1, 2021) * Interest rate of 7.75% + the greater of 3 months LIBOR or 1% per annum * Early repayment flexibility is continued and as per the arrangements with Sprott, a 5% redemption premium applies to all future repayments of the Facility * Secured against the assets of Cardinal and its wholly owned subsidiaries in Ghana * Upon a change of control of Cardinal, GIIF may require repayment of the Facility (under the prior Sprott arrangements, immediate repayment was required in such circumstances)Corporate UpdateNordGold BidOn March 16, 2020 the Company advised that it has received notification from Nord Gold SE (“Nordgold”) that it had acquired a relevant interest of 19.9% in shares of Cardinal, (having acquired the 16.4% stake previously owned by Goldfields Limited), and further advised that Nordgold had provided a non-binding indicative and conditional proposal to acquire all of the issued capital of Cardinal that it did not already own for $A0.45775 per share in cash (“Nordgold Bid”).Shandong OfferOn June 18, the Company announced that it had entered into a Bid Implementation Agreement with Shandong Gold Mining (Hong Kong) Co, Ltd (a subsidiary of Shandong Gold Mining Co, Ltd), pursuant to which Shandong Gold had agreed to acquire 100% of the issued and outstanding ordinary shares in Cardinal at a price of A$0.60 cash per share, by way of an off-market takeover offer.Cardinal’s Board of Directors carefully considered the Shandong Gold Offer in consultation with the Special Committee appointed in connection with the strategic process. Accordingly, Cardinal’s Board of Directors unanimously recommended that all Cardinal shareholders accept the Shandong Gold Offer in the absence of a superior proposal.Cardinal’s Directors, who collectively hold approximately 6.37% of Cardinal’s ordinary shares, intend to accept the Shandong Gold Offer in respect of all Cardinal shares they own or control by the later of 21 days after the offer is opened for acceptance and 5 days after dispatch of the Cardinal Target’s Statement, in the absence of a superior proposal.Cardinal’s Board of Directors have been exploring a range of potential transactions to maximise value for shareholders and consider that the Shandong Gold Offer as the best option for shareholders, in the absence of a superior proposal, and will deliver several key benefits to shareholders including: * Certain and immediate value for Cardinal shareholders \- ability for shareholders to realize certain and immediate value at a significant premium to Cardinal’s trading price on the ASX and TSX markets. By accepting the Shandong Gold Offer, subject to the Shandong Gold Offer going unconditional, Cardinal shareholders will receive cash consideration of A$0.60 for every Cardinal share they own * No financing condition \- the Shandong Gold Offer is an all-cash offer and is not subject to any financing conditions * Avoids risks associated with mine development – the Shandong Gold Offer eliminates exposure to the risks inherent in any new mine development, including financing, operational and regulatory risksSubsequent to the quarter end the Company issued 26,000,000 fully paid ordinary shares to Shandong Gold to raise AU$11.96 million in accordance with the BIA. Shareholder approval was not required for this Placement as the Company issued the shares under its Listing Rule 7.1 placement capacity.The funds raised by the Placement will be used to ensure Cardinal may continue advancing the Namdini Project towards development and working capital.Revised Nordgold BidOn July 15, 2020 the Company received an unconditional on-market takeover offer for Cardinal at AU$0.66 cash per share from Nordgold (“Revised Nordgold Bid”).Cardinal also noted that as the Nordgold Takeover Bid was unsolicited, it will need to be considered in detail by the Board, together with the Special Purpose Committee and its financial and legal advisers.Revised Shandong Gold OfferOn July 27, 2020 Cardinal announced that the Company had received a revised and improved proposal for an off-market takeover offer from Shandong Gold pursuant to which Shandong Gold will offer to acquire all of the shares in Cardinal it does not presently own at a cash price of A$0.70 per Share (the “Revised Shandong Gold Offer”). After careful consideration of the Revised Shandong Gold Offer and Revised Nordgold Bid, Cardinal’s Board of Directors (in consultation with the Special Committee, its financial and legal advisors), unanimously recommend that Cardinal shareholders: * ACCEPT the Revised Shandong Gold Offer (in the absence of a superior proposal); and * REJECT the Revised Nordgold Bid.The recommended Revised Shandong Gold Offer of A$0.70 cash per share values Cardinal at approximately A$395 million on a fully diluted basis and represents an attractive premium of approximately 6.1% to the Revised Nordgold Bid of A$0.66 cash per share announced on 15 July 2020.The Board of Directors considered the Revised Nordgold Bid closely and in the context of the Revised Shandong Gold Offer and took into account, amongst other matters, the price and conditionality of the two offers.Whilst the Board acknowledges that the Revised Nordgold Bid is unconditional, based on the information available to it at the date of this announcement, the Board has no reason to believe the conditions of the Revised Shandong Gold Offer (which include, amongst other conditions, 50.1% minimum acceptance by Cardinal shareholders and Foreign Investment Review Board (FIRB) approval), cannot be satisfied within a reasonable timeframe.  Cardinal understands that Shandong Gold has received all necessary Chinese regulatory approvals, with the result that the Revised Shandong Gold Offer is no longer conditional on any Chinese regulatory approvals.The Board also notes that there is the potential for certain shareholders to be aggrieved by the structure of the Revised Nordgold Bid (namely those Shareholders holding Cardinal Shares in non-Australian depositaries or on branch registers).  While the Revised Nordgold Bidder’s Statement alludes to a practical mechanism whereby such Cardinal Shares can be moved to an Issuer Sponsored Holding or CHESS Holding in Australia in order to accept the Revised Nordgold Bid, it is possible that the Revised Nordgold Bid could be subject to regulatory issues (particularly in Canada) which could result in it being prevented from proceeding in the absence of corrective steps taken by Nordgold.As the Directors have determined to continue to unanimously recommend that Cardinal Shareholders accept the Shandong Gold Offer (in the absence of a Superior Proposal), the Bid Implementation Agreement requires Cardinal and Shandong Gold to use their best endeavours to agree any amendments to the Bid Implementation Agreement which are reasonably necessary or desirable to reflect the revised and improved Shandong Gold Offer. Cardinal anticipates entering into an appropriate amending agreement to give effect to such amendments imminently.Cardinal announced on 30 July 2020 that it had entered into a deed with each of Shandong Gold Mining (HongKong) Co., Limited and Shandong Gold Mining Co., Ltd, to amend the Bid Implementation Agreement (“Deed”).In summary, the Deed amends the BIA to, amongst other matters: \- increase the Offer Price to A$0.70 per Share; \- note that the Offer will no longer be subject to any Chinese regulatory approvals; \- make certain changes to the proposed timetable of the Offer; \- increase the ascribed value per Cardinal Option for certain Options; and \- increase the break fee so that it continues to represent approximately 1% of the deal value.Cardinal’s joint financial advisors are Maxit Capital LP (Nth America), Hartleys Limited (Australia), Cannacord Genuity Corp. and BMO Capital Markets and its legal advisors are HopgoodGanim Lawyers (Australia) and Bennett Jones LLP (Canada).Timetable and Next StepsDetailed information relating to the Revised Shandong Gold Offer will be set out in the Bidder’s Statement and Target’s Statement, which are now expected to be dispatched to Cardinal shareholders on or about 13 August 2020.  The Bidder’s Statement and Target’s Statement will set out important information, including how to accept the Revised Shandong Gold Offer, information about Shandong Gold and the key reasons as to why Cardinal Shareholders should accept the Revised Shandong Gold Offer (in the absence of a Superior Proposal).CAPITAL STRUCTUREAs at July 30, 2020 the Company had the following capital structure:Capital StructureListedUnlistedTotal Fully Paid Ordinary Shares (CDV)526,024,522‐526,024,522 Unlisted Options Ex. $0.75 on or before 21 Dec 2022‐1,000,0001,000,000 Milestone Options Ex. $0.50 on or before 12 Apr 2022‐18,500,00018,500,000 Milestone Options Ex. $0.965 on or before 21 Dec 2022‐2,018,1002,018,100 Milestone Options Ex. $0.679 on or before 21 Dec 2022‐2,180,0492,180,049 Milestone Options Ex. $0.59 on or before 21 Dec 2022‐2,180,0492,180,049 Unlisted Options Ex. $1.00 on or before 21 Dec 2022‐1,867,8171,867,817 Unlisted Milestone Options Ex on or before 10 Dec 2024‐6,369,5576,369,557 Unlisted Milestone Options Ex on or before 10 Dec 2024‐5,476,5305,475,530 Cash BalanceThe Company’s cash balance at June 30, 2020 was approximately AU$3.7 million, subsequent to the quarter end the Company raised AU$11.6 million.APPENDIX 5BCardinal Resources Limited provides the following information in relation to payments to related parties and their associates, as required by 6.1 and 6.2 for the 30 June 2020 2020 Appendix 5B.HopgoodGanim Lawyers of which Michele Muscillo, a Non-Executive Director, is a partner of, provided legal services to the Company. Amounts that have been paid or payable total AU$370,248 for the three months ended June 30, 2020.During the Quarter ended June 30, 2020 a total of AU$244,722 was paid to all Directors’ of the Company as remuneration.ABOUT CARDINALCardinal Resources Limited (ASX/TSX: CDV) is a West African gold‐focused exploration and development Company that holds interests in tenements within Ghana, West Africa.The Company is focused on the development of the Namdini Gold Project and released its Feasibility Study on 28 October 2019. Cardinal confirms that it is not aware of any new information or data that materially affects the information included in its announcement of the Ore Reserve of October 15, 2019.  All material assumptions and technical parameters underpinning this estimate continue to apply and have not materially changed.The Namdini Project has a published gold Ore Reserve of 5.1Moz (138.6Mt @ 1.13g/t Au; 0.5g/t cut‐off), inclusive of 0.4Moz Proved (7.4Mt @ 1.31g/t Au; 0.5g/t cut‐off) and 4.7Moz Probable (131.2Mt @ 1.12g/t Au; 0.5g/t cut‐off).Authorized for release by the Board of Cardinal Resources Limited.For further information contact:     Archie Koimtsidis Alec Rowlands CEO / MD IR / Corp Dev Cardinal Resources Limited  Cardinal Resources Limited P: +61 8 6558 0573 P: +1 647 256 1922     Cannings Purple (Investor Relations, Australia) Peta Baldwin or Warrick Hazeldine E: pbaldwin@canningspurple.com.au E: whazeldine@canningspurple.com.au Competent / Qualified Person Statement The information in this press release that relates to Exploration Results is based on information prepared by Mr. Paul Abbott, a full-time employee of Cardinal Resources, who is a member of the Geological Society of South Africa. Mr. Abbott has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity which he is undertaking to qualify as a Competent Person, as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.The scientific and technical information in this announcement that relates to Exploration Results, Mineral Resources and Ore Reserves at the Namdini Gold Project has been reviewed and approved by Mr. Richard Bray, a Registered Professional Geologist with the Australian Institute of Geoscientists and Mr. Ekow Taylor, a Chartered Professional Geologist with the Australasian Institute of Mining and Metallurgy. Mr. Bray and Mr. Taylor have more than five years’ experience relevant to the styles of mineralisation and type of deposits under consideration and to the activity which is being undertaken to qualify as a Competent Person, as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” and as a Qualified Person for the purposes of NI43‐101. Mr. Bray and Mr. Taylor are full‐time employees of Cardinal and hold equity securities in the Company.Cardinal confirms that it is not aware of any new information or data that materially affects the information included in its announcement Ore Reserve of 03 April 2019. All material assumptions and technical parameters underpinning this estimate continue to apply and have not materially changed.ASX Listing Rule 5.23.2 This report contains information extracted from the following reports which are available for viewing on the Company’s website www.cardinalresources.com.au : * 4 May 2020             Cardinal Company Update * 30 Mar 2020            Company Update * 26 Mar 2020            Cardinal Expands Namdini Mining Licence Area * 11 Mar 2020            Cardinal Receives Approval for Resettlement Action Plan * 27 Feb 2020            Cardinal Receives Key Water Extraction Permits * 31 Jan 2020            31 Dec 2019 Quarterly Activities and Cashflow Report * 29 Jan 2020            Namdini Project Finance Update * 28 Nov 2019           Cardinal Files Feasibility Study NI 43‐101 Technical Report * 31 Oct 2019            Sep 2019 Quarterly Activities and Cashflow Report * 28 Oct 2019            Feasibility Study Confirms Namdini as Tier One Gold Project * 15 Oct 2019            Mineral Resource and Ore Reserve Statement * 30 Sept 2019          Feasibility Study Update * 16 July 2019           Cardinal’s Starter Pit Infill Drilling Results * 10 July 2019           Cardinal Reports Further Shallow High‐Grade Gold * 04 June 2019          Positive Metallurgical Update on the Namdini Project * 18 April 2019          Addendum to Namdini Ore Reserve Press Release * 03 April 2019          Cardinal’s Namdini Ore Reserve Now 5.1 Moz * 27 Mar 2019           Cardinal Intercepts High‐Grade Shallow Gold at Ndongo East * 23 Jan 2019            Cardinal Hits More High‐Grade Shallow Gold at Ndongo East * 28 Nov 2018           New Drill Season hits high‐grade shallow gold at Ndongo East * 29 Aug 2018           Cardinal Extends Ndongo East Discovery Strike Length * 16 July 2018           Cardinal Makes New Gold Discovery at Ndongo East * 28 May 2018           Encouraging First Pass Gold Results at NdongoThe Company confirms it is not aware of any new information or data that materially affects the information included in this report relating to exploration activities and all material assumptions and technical parameters underpinning the exploration activities in those market announcements continue to apply and have not been changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. Cardinal is not aware of any new information or data that materially affects the information included in its announcement of the Ore Reserve of October 15, 2019. All material assumptions and technical parameters underpinning this estimate continue to apply and have not materially changed.DisclaimerThis ASX / TSX press release has been prepared by Cardinal Resources Limited (ABN: 56 147 325 620) (“Cardinal” or “the Company”). Neither the ASX or the TSX, nor their regulation service providers accept responsibility for the adequacy or accuracy of this press release. This press release contains summary information about Cardinal, its subsidiaries and their activities, which is current as at the date of this press release. The information in this press release is of a general nature and does not purport to be complete nor does it contain all the information, which a prospective investor may require in evaluating a possible investment in Cardinal.By its very nature exploration for minerals is a high‐risk business and is not suitable for certain investors. Cardinal’s securities are speculative. Potential investors should consult their stockbroker or financial advisor. There are a number of risks, both specific to Cardinal and of a general nature which may affect the future operating and financial performance of Cardinal and the value of an investment in Cardinal including but not limited to economic conditions, stock market fluctuations, gold price movements, regional infrastructure constraints, timing of approvals from relevant authorities, regulatory risks, operational risks and reliance on key personnel and foreign currency fluctuations.Except for statutory liability which cannot be excluded and subject to applicable law, each of Cardinal’s officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in this press release and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this Announcement or any error or omission here from. Except as required by applicable law, the Company is under no obligation to update any person regarding any inaccuracy, omission or change in information in this press release or any other information made available to a person nor any obligation to furnish the person with any further information. Recipients of this press release should make their own independent assessment and determination as to the Company’s prospects, its business, assets and liabilities as well as the matters covered in this press release.Forward‐looking statementsCertain statements contained in this press release, including information as to the future financial or operating performance of Cardinal and its projects may also include statements which are ‘forward‐looking statements’ that may include, amongst other things, statements regarding targets, anticipated timing of the feasibility study (FS) on the Namdini project, estimates and assumptions in respect of Mineral Resources and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. These ‘forward – looking statements’ are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Cardinal, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies and involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward‐looking statements. Cardinal disclaims any intent or obligation to update publicly or release any revisions to any forward‐looking statements, whether as a result of new information, future events, circumstances or results or otherwise after today’s date or to reflect the occurrence of unanticipated events, other than required by the Corporations Act and ASX and TSX Listing Rules. The words ‘believe’, ‘expect’, ‘anticipate’, ‘indicate’, ‘contemplate’, ‘target’, ‘plan’, ‘intends’, ‘continue’, ‘budget’, ‘estimate’, ‘may’, ‘will’, ‘schedule’ and similar expressions identify forward‐looking statements.All forward‐looking statements made in this press release are qualified by the foregoing cautionary statements. Investors are cautioned that forward‐looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward‐looking statements due to the inherent uncertainty therein. SCHEDULE 1YAMERIGA PROSPECTING LICENCE SURFACE SAMPLING, TRENCH SAMPLING AND DRILL RESULTSHoleIDDepth (m)Dip (°)Azimuth (°)GridIDmEastmNorthmRL YMDD00338-5085UTM WGS84 Zone 30 North743,2071,185,869218 YMRC00185-5085UTM WGS84 Zone 30 North743,2061,185,817218 YMRC00285-5085UTM WGS84 Zone 30 North743,1841,185,866216 YMRC00332-5085UTM WGS84 Zone 30 North743,1991,185,918216 YMRC00472-5085UTM WGS84 Zone 30 North743,2151,185,768216 YMRC00566-5085UTM WGS84 Zone 30 North743,2091,185,889216 YMRC00620-5085UTM WGS84 Zone 30 North743,2171,185,871216 YMRC00736-50260UTM WGS84 Zone 30 North743,2291,185,872216 YMRC00874-50122UTM WGS84 Zone 30 North743,5231,186,210230 YMRC00954-5080UTM WGS84 Zone 30 North743,3721,185,566220 YMRC01054-5080UTM WGS84 Zone 30 North743,3851,185,518222 YMRC01160-5080UTM WGS84 Zone 30 North743,3731,185,616221 YMRC01250-5028UTM WGS84 Zone 30 North743,3771,185,544224 YMRC01350-5028UTM WGS84 Zone 30 North743,3601,185,565221 YMRC01450-5028UTM WGS84 Zone 30 North743,4031,185,540221 YMRC01585-50123UTM WGS84 Zone 30 North743,4361,186,475224 YMRC01685-50122UTM WGS84 Zone 30 North743,5721,186,175212 Meta‐Data Listing of DrillholesTrenchIDAzimuth (°)GridIDmEastmNorthmFrommTomWidthAu (g/t)Comments YMTR002170UTM WGS84 Zone 30 North743,3821,185,5621.03.0233.3Vertical sampling YMTR002170UTM WGS84 Zone 30 North743,3801,185,5687.08.0111.1Horizontal sampling YMTR002170UTM WGS84 Zone 30 North743,3801,185,56811.012.011.0Horizontal sampling Summary of Individual Trench Significant AssaysSampleIDGridIDmEastmNorthmRLAu (g/t) YMRX047UTM WGS84 Zone 30 North743,3901,185,571223129.2 YMRX044UTM WGS84 Zone 30 North743,3771,185,56722513.5 YMRX041UTM WGS84 Zone 30 North743,3881,185,56422368.4 YMRX019UTM WGS84 Zone 30 North743,2231,185,87221828.9 YMRX017UTM WGS84 Zone 30 North743,2221,185,87321820.0 R332468UTM WGS84 Zone 30 North744,6871,183,6651194.7 R332454UTM WGS84 Zone 30 North745,3641,185,7481790.7 R332447UTM WGS84 Zone 30 North744,9461,184,1922327.2  Summary of Individual Random Rock Chip Samples APPENDIX JORC CODE 2012 EDITION TABLE 1 REPORTING OF EXPLORATION RESULTS - YAMERIGASection 1 – Sampling Technique and DataCriteriaJORC Code ExplanationCommentary Sampling techniquesNature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.Random Rock Chip samples comprise of sampling of random surface rocks by collecting rock pieces suitable for assaying. Samples weigh on average 1.5kg. Samples are photographed both wet and dry and geologically logged. Trench Channel samples comprise of sampling of continuous 1m or 2m interval channel near the base on the entire length of the west face with intervals dictated by observed alterations and mineralisation. Each homogenised sample weighs on the average 2.0kg. Reverse Circulation (RC) drill samples are collected by using downhole sampling hammers with nominal 140mm diameters. Samples are collected through a cyclone and immediately weighed to determine recoveries; the entire sample is then split by a three‐tier riffle splitter. Two samples (~2.5‐3.0 kg) are collected, one for the laboratory, the other a duplicate stored at the Bolgatanga sample shed. Diamond drill sampling is by longitudinal half‐core samples of HQ core size. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.Sampling is guided by Cardinal Resources protocols and Quality Control procedures as per industry standard. To ensure representative sampling: Trench Channel sample tool and sampling site are cleaned between samples and sample material collected over the same interval and volume to ensure representative nature of the samples. 1m RC samples are collected from a cyclone, passing them through a 3‐tier riffle splitter, and taking duplicate samples every 20th  sample. HQ core samples are taken selectively through the altered, silicified and shear zones, with minimum 0.5m and maximum 1.5m lengths of sample. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which  3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.The determination of mineralisation is based on observed alterations, silicification and shearing of the lithologies. Random Rock Chip, Trench Channel and RC samples are crushed to ‐2mm, then a <1kg split sample is pulverised via LM2 Ring Pulveriser to a nominal 85% passing ‐75µm. Diamond drill samples are crushed to ‐2mm, and a <1kg split sample is then pulverised via LM2 Ring Pulveriser to a nominal 85% passing ‐75µm. For Random Rock Chip, RC and Diamond drill samples, a 200g sub‐sample is taken from the pulverised material for analysis. A 50g charge weight is fused with litharge‐based flux, cupelled and the prill dissolved in aqua regia. The gold tenor is then determined by AAS. For Trench Channel samples, a 1.5kg sub-sample is taken from the pulverised material and gold analysed using Active Cyanide Leach, 24-hour solvent extraction method. Drilling techniquesDrill type (e.g. core, reverse circulation, open‐hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face‐sampling bit or other type, whether core is oriented and if so, by what method, etc.).Reverse circulation drilling uses sampling hammer of nominal 140mm diameter. Diamond core drilling is completed with core size of HQ with a standard tube. Triple tube is used in saprolite at the tops of the holes. Core is orientated to determine both azimuth and dip using digital Reflex ACT II RD orientation tool. Drillholes are inclined at ‐45⁰ to ‐60⁰ angles for optimal zone intersection. All drill collars are surveyed using Trimble R8 RTK GPS with downhole surveying every 30m using Reflex digital surveying instruments.  Method of recording and assessing core and chip sample recoveries and results assessed.Diamond core recovery is logged and captured into the database. The method of recording RC Chip and Core sample recoveries was to enter the relevant data on a hand‐held Motion F5te Tablet PC using a set of standard templates supplied by Maxwell Geoservices, Perth (Maxwell). Reverse circulation sampling is good. RC chips are logged, weighed and captured to the database. RC sample recoveries are assessed by weighing 1m samples from the cyclone on a scale in the field and comparing with the theoretical volume contained in a 1m by 140mm diameter hole to calculate an estimated percentage sample recovery. Core recovered from each drill run is measured and compared with the drill run length drilled to calculate an estimated percentage core recovery. For core drilling the overall recoveries are excellent with weighted average recovery greater than 98%. Measures taken to maximise sample recovery and ensure representative nature of the samples.Measures taken include the use of bigger HQ core size diamond drilling to maximise recovery, having a geologist onsite to examine core and core metres marked and orientated to check against the driller’s blocks and ensuring that all core loss is taken into account.   At the reverse circulation rig, sampling systems are routinely cleaned to minimise the opportunity for contamination and drilling methods are focused on sample quality. The measures taken to maximise RC sample recovery are through a cyclone and a 3‐tier riffle splitter. Each 1m sample is passed twice through the splitter before sampling to ensure maximum homogenisation of each sample and to collect an unbiased representative sample to be assayed. The reverse circulation rigs have auxiliary compressors and boosters to help maintain dry samples. Where wet samples are encountered, the reverse circulation drilling is discontinued. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.No relationship is seen to exist between sample recovery and grade, and no sample bias has occurred due to preferential loss/gain of any fine/coarse material due to the acceptable sample recoveries obtained by the drilling methods employed. LoggingWhether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.Random Rock Chip samples are fully logged. All the exposed surfaces along the west trench wall sampled is geologically logged and entered directly to a digital Field Tough book laptop logging system using Cardinal geological codes. All drillholes are fully logged. The lithology, alteration and geotechnical characteristics of core are logged directly to a digital format on a Field Toughbook laptop logging system following procedures and using Cardinal geologic codes. Data is imported into Cardinal’s central database after validation in LogChief™. Random Rock Chip and Trench Channel samples are only relevant to early stage exploration and not suitable to support Mineral Resource estimation. In the opinion of the Component Persons, all geological logging of RC and Core is to a level of detail to support future Mineral Resource estimation. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.Logging is both quantitative and qualitative.   All trench exposures are photographed. Both Random Rock Chip samples, Trench Channel samples, RC chips in trays and HQ core are photographed both in dry and wet form. The rock outcrop from where the Rock Chip sample was obtained is photographed with co‐ordinates taken; portions of each sample submitted are retained as reference material. The total length and percentage of the relevant intersections logged.All drill holes are logged in full and to the total length of each drill hole. Sub‐sampling techniques and sample preparationIf core, whether cut or sawn and whether quarter, half or all core taken.Orientation of core is completed for all diamond holes and all are marked prior to sampling. Longitudinally cut half core samples are produced using a Core Saw with diamond impregnated blades. Samples are weighed and recorded. If non‐core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.RC samples are split using a three‐tier riffle splitter. The majority of RC samples are dry. On occasions that wet samples are encountered, they are dried prior to splitting with a riffle splitter. For all sample types, the nature, quality and appropriateness of the sample preparation technique.Random Rock Chip samples and Trench Channel samples are dried at 105°C for four hours and weighed. Samples are firstly Jaw Crushed and a second stage crushing is effected through a RSD Jaques crusher to a nominal ‐2 mm and then split to <1.0 kg. The reject sample is retained in the original bag and stored. The split is pulverised in a LM2 Ring Pulveriser to a nominal 85% passing 75µm. Approximately 200g sub‐sample of the pulverised material of Random Rock Chip sample is used for assay. A 1.5kg sub-sample of the pulverised Trench Channel sample material was used for cyanidation bottle roll analysis for gold. RC drill samples are sorted and dried in an oven for 8 hours and weighed. They are then crushed to ‐2mm using a RSD Boyd crusher and a <1.0kg split is taken. The reject sample is retained in the original bag and stored. The split is pulverised in a LM2 Ring Pulveriser to a nominal 85% passing 75µm and a 200g sub‐sample is used for analysis.   Drill core samples are sorted, dried at 105°C for 4 hours and weighed. Samples are crushed through Jaques crusher to nominal -10mm. A second stage crushing is through Boyd crusher to nominal -2mm and then split to <1.0kg. The reject sample is retained in the original bag and stored. The split is pulverised in a LM2 Ring Pulveriser to a nominal 85% passing 75%µm and approximately 200g sub‐sample of the pulverised material is used for fire assay. All preparation equipment is flushed with barren material prior to commencement of the job. Quality control procedures adopted for all sub‐sampling stages to maximise representivity of samples.Cardinal Resources has protocols that cover the sample preparation at the laboratories and the collection and assessment of data to ensure that accurate steps are used in producing representative samples for the analytical process. Key performance indices include:  Contamination index of 95% (that is at least 95% of blanks pass); failures can only be attributed to probable minor laboratory contamination.  Crushed Size index of 95% passing 2 mm (1:50 sample screened).  Grind Size index of 85% passing 75 microns (minimum 1:50 sample screened).  Check Samples returning at worst 20% precision at 90th percentile and bias of 5% or better. Crusher and pulveriser are flushed with barren material at the start of every batch. Measures taken to ensure that the sampling is representative of the in‐ situ material collected, including for instance results for field duplicate/second‐half sampling.Measures taken to ensure that the Trench Channel sampling is representative of the in‐situ material collected is to take approximately 2.0kg homogenised samples across the entire 1m or 2m sampling interval. Measures taken to ensure that the RC sampling is representative of the in‐situ material collected are to take field duplicate samples every 20th sample. Approximately 3kg samples from the splitter are retained from each sample and stored at the company’s secured premises for possible re‐assay. Measures taken to ensure that the core sampling is representative is to sample half core at 0.5m (minimum) to 1.5m (maximum) intervals through the recognisable altered, silicified, mineralised shear zones. Results of field duplicates for RC samples and Check Samples for both RC and DD samples are all evaluated to ensure that the results of each assay batch are acceptable. 1:20 grind quality checks are completed for 85% passing 75μm criteria to ensure the representativeness of sub-samples. Whether sample sizes are appropriate to the grain size of the material being sampled.Sample sizes are considered appropriate to the grain size. Quality of Assay data and laboratory testsThe nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.Trench Channel samples are analysed for gold using Active Cyanide Leach, 24-hour Solvent Extraction of a 1.5kg sample with AAS Finish: This analysis was undertaken at the Intertek laboratory in Ghana. Though, the cyanide leach method is considered a partial extraction technique, the 24-hour leach time should ensure high extraction. The larger sample volumes used for the leach method usually result in better representativity of grade where coarse grained gold/nuggety gold could potentially exist when compared to fire assay method which uses a much smaller sample volume that may not be representative due to coarse grained gold/nuggety gold existing in the sample volume. Random Rock Chip samples, RC samples and DD samples are analysed for gold by lead collection fire assay of a 50g charge with AAS finish; the assay charge is fused with the litharge‐based flux, cupelled and prill dissolved in aqua regia with gold tenor determined by flame AAS. Fire assay is considered a total assay technique. In the opinion of the Competent Persons, the analytical methods are considered appropriate for the mineralisation style and is of industry standard. For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.No hand‐held geophysical tools are used. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.Cardinal’s QAQC protocol is considered industry standard with certified reference materials (CRMs) submitted on a regular basis with routine samples. The CRMs having a range of values and blanks are inserted in the ratio of 1:20. Duplicates are taken at the riffle splitter every 20th sample. No duplicate samples are taken from DD core samples and trench samples. Pulps are submitted to a secondary laboratory for checks on the accuracy and precision of the primary laboratory. Coarse rejects are submitted back to the primary laboratory to assess the adequacy of the sub‐sampling process. Laboratories’ QAQC involves the use of internal laboratory standards using certified reference material and blanks. No standards are used for Rock Chip samples. Verification of sampling and assayingThe verification of significant intersections by either independent or alternative company personnel.Significant results from Random Rock Chip sample and Trench Channel sample results have been verified by alternative company personnel. Significant drill intersections have been verified by alternative company personnel. The use of twinned holes.None of the drill holes in this report are twinned. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.Primary data are captured on field tough book laptops using LogChief™ Software. The software has validation routines and data is then imported onto a secure central database. Discuss any adjustment to assay data.The primary data is always kept and is never replaced by adjusted or interpreted data. Location of data pointsAccuracy and quality of surveys used to locate drill holes (collar and down‐ hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.Random Rock Chip sample locations and Trench Channel sample sites are picked‐up using hand‐held GPS. Initially drill  hole  collar  coordinates  are  obtained  using handheld Garmin GPSmap 64s GPS within ±3m accuracy. Subsequently all drill collars are accurately surveyed using Trimble R8 RTK DGPS system within ±10mm of accuracy (X, Y, Z). Accuracy and quality of downhole surveys of RC and DD drill holes are determined by using Reflex Ez‐Shot survey instrument at regular 30m intervals. Specification of the grid system used.Coordinate and azimuth are reported in UTM WGS84 Zone 30 North. Quality and adequacy of topographic control.Topographic control at Yameriga was supplied by Southern Geoscience Consultants (Perth) using satellite imagery. Data spacing and distributionData spacing for reporting of exploration results.Random Rock Chip sampling involved collecting surface samples from areas of interest with visible gold mineralisation. Sampling has therefore not been completed on a regular grid. The trenches were located at 335m spacings and they were designed to cut across previously identified coincident gold-in-soil and geophysical anomalies. Data spacing is appropriate for reconnaissance stage exploration sampling programmes. The RC drilling was carried out on variably spaced fence lines (25m to 400m apart) with hole spacing of 50m along lines testing mineralisation up to a vertical depth of approximately 65m and covering a strike length up to 400m. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.Exploration is at the early stage, and as such drill data spacing and distribution are insufficient to establish geological and grade continuity that are appropriate for reporting Mineral Resources and Ore Reserves. Orientation of data in relation to geological structureWhether  sample  compositing  has been applied.No sample compositing has been applied. Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.Rock Chip sampling has been selectively conducted. The orientation of trenches is not likely to bias the assay results and is not relevant given the early stages of exploration. Drillholes are orientated to achieve intersection angles as close to perpendicular to the mineralisation as practicable based on geophysical modelling and field mapping data. Some sampling bias may occur. Systematic geological mapping and structural information from the current diamond drilling are required to determine the true orientation of dips and structures of the mineralisation. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.No significant orientation‐based sampling bias is known at this time. Sample securityhe measures taken to ensure sample security.An independent Ghanaian security contractor is used to ensure sample security. The drilling contractor is accountable for drill core and RC chip production at the drill site. Final delivery from the drill site to the laydown area within the core yard is managed by Cardinal. The core yard technicians, field technicians and Geologists ensure the core and chips are logged, prepared and stored under security until conveyed to a nearby accredited sample preparation laboratory by Cardinal. At the time of sample delivery at the laboratory, a sign‐off process between Cardinal and the laboratory ensures that samples and paperwork correspond and samples are receipted against the Cardinal submission sheets. The sample preparation laboratory is responsible for the samples from the time of collection from Cardinal until pulps and rejects are collected and checked by Cardinal Geologists. Two pulp samples are produced:  one pulp dispatched by Cardinal to the appropriate laboratory for assay;  the duplicate pulp and reject stored by Cardinal in a secure storage facility for possible re-assay or other testwork. Audits or reviewsThe results of any audits or reviews of sampling techniques and data.Sampling techniques are of industry standards. Section 2 – Reporting of Exploration Results (Criteria listed in section 1 will also apply to this section where relevant)CriteriaJORC Code ExplanationCommentary Mineral Tenement and Land StatusType, name/reference number, location and ownership including agreements or material issues with third parties including joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.Cardinal has 100% ownership of Yameriga Prospecting Licence PL9/19 covering a land size of 36.78km² to prospect for gold in the Bolgatanga and Talensi Nabdam District in the Upper East Region in the Republic of Ghana. The Licence was originally owned by Red Back Mining Ghana Limited. In August 2017, Cardinal entered into a definitive agreement with Red Back Mining Ghana Limited to acquire total ownership of Yameriga Prospecting Licence. The Yameriga Prospecting Licences is subject to a 1% NSR royalty payable to Kinross Gold Limited (via its acquisition of Red Back Mining) on all minerals mined, removed and sold. The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area.The Yameriga Prospecting Licence is current and in good standing at the Ghanaian Mineral Commission. Exploration Done by Other PartiesAcknowledgment  and  appraisal  of exploration by other parties.Prior to Cardinal acquiring ownership of Yameriga from Red Back Mining Ghana Limited in August 2017, the Licence has been the subject of previous exploration by BHP, Africwest, Etruscan (JV with Red Back) and Abzu (JV with Red Back). GeologyDeposit type, geological setting and style of mineralisationThe geological setting is a Paleoproterozoic Greenstone Belt comprising Birimian metavolcanics, volcaniclastics and metasediments located in close proximity to the Nangodi Shear Zone, a splay off the extensive Bole-Bolgatanga Fault. Gold mineralisation occurs within shear zones comprising alteration haloes containing higher grade lenses of altered, silicified, sheared metavolcanics and disseminated sulphides Drill hole informationA summary of all information material to the understanding of the exploration results including tabulation of the following information for all Material drill holes:  Easting and northing of the drill hole collar  Elevation or RL (Reduced Level  – elevation above sea level in meters) of the drill hole collar  Dip and azimuth of the hole  Down hole length and interception depth  Hole lengthA summary of the Random Chip sampling, Trench Channel sampling and drillhole information is provided in this document. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.There has been no exclusion of information. Data aggregation methodsIn reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut‐off grades are usually Material and should be stated.No weighting averaging techniques nor cutting of high grades have yet been undertaken. Where aggregated intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.Aggregated intersections incorporating short lengths of high‐grade results within the shear zones are calculated to include no more than intervals of 3m below grades of <0.5 g/t Au when assay results are reported. The assumptions used for any reporting of metal equivalent values should be clearly stated.No metal equivalents are used in the intersection calculation. Relationship between mineralisation widths and intercept lengthsThese relationships are particularly important in the reporting of exploration results.Random Rock Chip and Trench Channel sampling are designed to assess the potential of gold mineralisation sources. The  relationship  between  mineralisation  widths and intersection lengths from DD and RC drilling are not yet fully understood. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.The geometry of the mineralisation with respect to the drillhole angles is not yet known. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).The geometry of the mineralisation is unknown; only downhole length is reported (no true width of mineralisation is reported). DiagramsAppropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery  being  reported. These should include, but not be limited to a plane view of drill hole collar locations and appropriate sectional views.Appropriate locality map, cross sections of the drilling, interpreted geology and assays are included within the body of the accompanying document. Balanced ReportingWhere comprehensive reporting of all Exploration Results is not practical, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.The accompanying document is considered to represent a balanced report. Other substantive exploration dataOther exploration data, if meaningful and material, should be reported including (but not limited to): geological observation; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.Other exploration data collected is not considered material to this document at this stage. Further data collection will be reviewed and reported when considered material. Further WorkThe nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large – scale step – out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.Geological mapping, surface rock sampling, trenching, geochemical surveys, geophysical surveys and DD/RC drilling are continuing.

2020-08-02 - Yahoo! Finance: ORL.TO News

Analysts Just Made A Major Revision To Their Orocobre Limited (ASX:ORE) Revenue Forecasts

One thing we could say about the analysts on Orocobre Limited (ASX:ORE) - they aren't optimistic, having just made a...

2020-08-02 - Yahoo! Finance: VSR.V News

Vanstar Announces CEO’s Retirement

THIS RELEASE MAY NOT BE DISTRIBUTED TO US WIRE SERVICES FOR UNITED STATES DISTRIBUTION MONTREAL, Aug. 02, 2020 (GLOBE NEWSWIRE) -- The management of Vanstar Mining Resources announces the retirement of director and Vanstar’s CEO, Mr. Guy Morissette. The withdrawal of Mr. Morissette is effective immediately.Mr. Jonathan Hamel, director of the company will act as interim CEO, until a new CEO is appointed as soon as possible by a committee formed by the board of directors.We thank Mr. Morissette for his 12 years at the helm of the company as well as for his direct participation in the discovery of one of the most important gold projects in Quebec, the Nelligan deposit. Mr. Morissette leaves the company in very good financial health with very good gold projects and a low dilution of its capital structure.“I am very happy to have directly contributed to the success of this company. But after 37 years in mining and 12 years at the helm of Vanstar, it's time for me to give way to a team that can take the company even further forward. I wish all possible success to the next CEO,” mentioned Mr. Morissette.Also, Misters Richard and Lapointe do not intend to stand for re-election at the next annual meeting scheduled on September 14, 2020.The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts no responsibility for the veracity or accuracy of its content.Sources:Sébastien Plouffe Vice-President Public Relations splouffe@vanstarmining.com  514-947-2272

2020-08-02 - Aguia Resources Ltd

Correction to Quarterly Activities Report

The post Correction to Quarterly Activities Report appeared first on Aguia Resources Ltd.

2020-08-02 - Yahoo! Finance: BSX.TO News

Do Insiders Own Lots Of Shares In Belo Sun Mining Corp (TSE:BSX)?

Every investor in Belo Sun Mining Corp (TSE:BSX) should be aware of the most powerful shareholder groups. Insiders...

2020-08-02 - Yahoo! Finance: ATY.V News

What You Can Learn From Atico Mining Corporation&#39;s (CVE:ATY) P/E

It's not a stretch to say that Atico Mining Corporation's (CVE:ATY) price-to-earnings (or "P/E") ratio of 16.1x right...

2020-08-01 - Yahoo! Finance: BIP-UN.TO News

COVID Pandemic Has Upended MLPs

Yield investors are moving away from MLPs as these have been hit especially hard by the plunge in energy prices due to COVID-19

2020-08-01 - The Northern Miner

Chilean regulator threatens to shut down BHP’s Escondida for exceeding its water permit

Chile’s environmental watchdog said it would charge BHP’s (NYSE, LSE: BHP) Escondida copper mine, the world’s largest, with drawing more water than its permits allowed...

2020-08-01 - The Northern Miner

Kirkland Lake beats earnings estimates; reissues 2020 production guidance

Kirkland Lake Gold (TSX, NYSE: KL; ASX: KLA) on July 30 reported strong financial and operating results for the second quarter of 2020, despite disruptions...

2020-08-01 - Yahoo! Finance: FISH.V News

Chief Executive Officer Akiba Jacob Leisman Just Bought 119% More Shares In Sailfish Royalty Corp. (CVE:FISH)

Potential Sailfish Royalty Corp. (CVE:FISH) shareholders may wish to note that the Chief Executive Officer, Akiba...

2020-08-01 - Yahoo! Finance: MAE.V News

Maritime Resources Upsizes Bought Deal Private Placement to $8.7 Million

Toronto, Ontario--(Newsfile Corp. - July 31, 2020) -  Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an amending agreement with Sprott Capital Partners LP ("Sprott"), on its own behalf and on behalf of a syndicate of underwriters (together with Sprott referred to collectively as the "Underwriters"), to increase the size of its previously announced "bought deal" private placement from $6,000,000 to $8,705,132.50 (the "Upsized Offering"). ...

2020-07-31 - Yahoo! Finance: NEV.V News

Nevada Sunrise Announces Closing of Debt Settlement

38 in indebtedness to the Company's directors and current and former officers, through the issuance of 529,195 common shares of the Company (the "Settlement Shares"), at a deemed price of $0.125 per Settlement Share (the "Debt Settlement").

2020-07-31 - Yahoo! Finance: NEXA.TO News

Nexa Resources S.A. (NEXA) Q2 2020 Earnings Call Transcript

The presenters on this call are Mr. Tito Martins, CEO of Nexa Resources; Mr. Rodrigo Menck, CFO of Nexa Resources; and Ms. Roberta Varella, Head of Investor Relations. Thank you, and good morning and good afternoon, everyone.

2020-07-31 - Yahoo! Finance: SMO.V News

Sonoro Metals Announces Addition of $3.0 Million Overallotment Option to $5.0 Million Unit Private Placement

“THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION  TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES”VANCOUVER, British Columbia, July 31, 2020 (GLOBE NEWSWIRE) -- Sonoro Metals Corp. (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce that, in response to strong investor demand, it is increasing its non-brokered private placement first announced on July 23 (the "Offering") by providing for an overallotment option of up to 60% (13,636,364 Units) over and above the 22,727,273 Units previously announced.  The Offering price remains $0.22 per Unit, each comprised of one Sonoro Common share and one Common share purchase warrant.  Each warrant will entitle the holder thereof to purchase one additional Sonoro Common share for a period of three years from the closing at an exercise price of $0.30 per share.  The Offering, if fully subscribed, will yield gross proceeds of $5,000,000, with the potential to add up to $3,000,000 of additional proceeds under the overallotment option. The Company intends to pay finder’s fees as permitted under the policies of the TSX Venture Exchange in respect of Units placed with the assistance of registered securities dealers.  All securities issued and issuable in connection with the Offering will be subject to a 4-month hold period in Canada from the closing date.  The Offering, including the overallotment option, is subject to TSX Venture Exchange acceptance.The net proceeds from the Offering will be used principally to fund Sonoro’s previously announced exploration and development plans at its Cerro Caliche Project located in Sonora, Mexico and project property maintenance payments, and secondarily for corporate and general administrative expenses.About Sonoro Metals Corp. Sonoro is a publicly listed mineral exploration and development company with two exploration stage precious metal properties in Sonora State, Mexico.  The Company’s current principal focus, under the leadership of its management team, with proven track records for the discovery and development of natural resource deposits, is the pursuit of a dual-track strategy for its Cerro Caliche Project – developing a heap leach pilot operation, while continuing an aggressive exploration program to potentially expand the project’s size.On behalf of the Board of SONORO METALS CORP.Per:        “Kenneth MacLeod”                Kenneth MacLeod                President & CEOFor further information, please contact: Sonoro Metals Corp. - Tel: (604) 632-1764 Email: info@sonorometals.comForward-Looking Statement Cautions:This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things: (i) the proposed development and financing of the Company’s exploration and development plans for its Cerro Caliche Project, including the development of a heap leach pilot operation; and (ii) the Company’s intention to undertake a Unit private placement financing. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the risks that the Company will not be able to successfully sell any or all of the Units; the Company will not be able otherwise to secure the financing necessary to fund its proposed exploration and development of its Cerro Caliche Project, or to fund its other project exploration and development business; future exploration results will be unfavourable and will not support the proposed plan to build a heap leach pilot operation or justify further exploration efforts; equipment failures, accidents, or external problems (e.g. civil unrest, public health emergencies) may materially increase the Company’s business expenses or delay (or prevent altogether) the execution of the Company’s business plans; and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s mineral exploration programs and development plans for its projects, at present, all of which are located in Mexico, may prevent the Company from carrying out some or all of its business plans. 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. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com for further information regarding the Company’s business and the risks associated therewith.“This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.”Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

2020-07-31 - Latest updates

Providence Gold Grants Incentive Stock Options

2020-07-31 - Yahoo! Finance: CRE.V News

Critical Elements Announces a Non-Brokered Private Placement of Units

30 per Unit for aggregate gross proceeds of $3.

2020-07-31 - Yahoo! Finance: ESM.TO News

Euro Sun Announces 2020 Annual Meeting Results

TORONTO, July 31, 2020 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the Management Information Circular dated July 3, 2020 (the “Circular”) for the 2020 Annual Meeting of shareholders of the Company (the “Meeting”) were elected as directors of the Company. 40.33% of all of the issued and outstanding shares of the Company were represented at the Meeting.  Detailed results of the vote for the election of directors held at the Meeting on July 31, 2020 in Toronto, Ontario are set out below. Election of DirectorsThe shareholders approved the election as directors of the persons listed below, based on the following vote.  % Votes For% Votes Withheld G. Scott Moore61.9338.07 David C. Danziger92.557.45 Daniel Callow95.644.36 Eva Bellissimo89.4710.53 Bruce Humphrey92.077.93 Peter Vukanovich98.041.96 Paul J. Perrow98.201.79 Shareholders at the annual meeting also approved the appointment of the Company's auditors.Following the filing and mailing of the Circular, the board of directors of the Company determined to withdraw the resolutions approving the Company’s stock option plan and the changes to the deferred share unit plan given the feedback from ISS and Glass Lewis and the fact that the board has retained a consultant to review the compensation policies of the Company. Accordingly, those resolutions were not be put to shareholders at the Meeting. Euro Sun’s board would like to express its gratitude to its shareholders for their continued support.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.comCaution 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 election of directors and the Company’s stock option plan and deferred share unit plan. 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 the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.eurosunmining.com. 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. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.The TSX does not accept responsibility for the adequacy or accuracy of this news release.66 Wellington Street West, Suite 5300, TD Bank Tower Box 48, Toronto ON M5K 1E6, Canada.

2020-07-31 - Yahoo! Finance: SOP.TO News

SOPerior Not Successful in Completing its Full $4 Million Planned Offering and Provides Management Update

Not for distribution to the U.S. newswire or for dissemination in the United States TORONTO, July 31, 2020 (GLOBE NEWSWIRE) -- SOPerior Fertilizer Corp. (“SOP” or the “Company”) (TSX:SOP) further to its press releases of May 4, 2020, June 10, 2020 and July 6, 2020, the Company announces that it has failed to raise additional funding under its planned private placement first announced on May 4, 2020.  As stated in the Company’s May 4, 2020 press release, the original objective was to raise up to $4,000,000 by way of non-brokered private placement (the “Offering”). The TSX had provided several extensions to complete the Offering by July 31, 2020.As reported on June 10, 2020, a first tranche (“First Tranche”) of the Offering closed for aggregate proceeds of $882,262.50 through the issuance of 35,290,500 Units at $0.025 per Unit.  Each Unit was comprised of one common share in the capital of the Company (each, a “Common Share”) and one-half of one whole Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.10 per Common Share any time prior to 5:00 p.m. Toronto time of June 10, 2024.  The First Tranche proceeds were used in part to pay the Company’s 2020 lease payment owing on its mining and mineral extraction lease (known as ML 51983-OBA) granted by the State of Utah & School and Institutional Trust Lands Administration.In addition, further to the Company’s press release of May 4, 2020, it was further contemplated that upon closing of the full $4,000,000 Offering, the current officers and directors of the Company would resign and a new board of directors and management team will be appointed. This will now be no longer the case and the existing management and Board will continue with the Company.  Specifically, SOP’s board remains comprised of R. Bruce Duncan, Arthur Roth, Richard Klue, Ian Smith and Andrew Squires. The senior officers of the Company still remain comprised of Andrew Squires (President and CEO), Olga Nikitovic (Chief Financial Officer) and R. Bruce Duncan (Executive Chairman).   Had the full $4,000,000 Offering been completed, it was proposed that $1,970,000 (US$1,440,000) owing to Lind Asset Management VII, LLC would have been paid in full.  The Company will now work with Lind to consider all available options in the circumstances.The Company is now in negotiations with a third-party group which are designed to advance SOP’s Blawn Mountain Project located in Beaver County Utah.  There can be no guarantee, however, that these discussions will lead to any form of definitive agreement.   As also previously reported, on May 1, 2020, the Toronto Stock Exchange (the “TSX”) granted the Company an exemption from the shareholder approval requirements of the TSX as set out in Section 604(e) of the Manual, on the basis of financial hardship, given that the Company was in serious financial difficult with limited alternatives and the immediacy of the Company’s need to address its financial obligations through the Offering did not afford it sufficient time to hold a special shareholders meeting. As a result, the Company became subject to a remedial delisting review by the TSX.  It is routine for the TSX to require any issuer utilizing the financial hardship exemption to be the subject of such review. No assurance can be provided as to the outcome of such review and therefore, continued qualification for listing on the TSX.NEITHER THE TORONTO STOCK EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.On Behalf of the Board of DirectorsSOPERIOR FERTILIZER CORP.“R. Bruce Duncan” Executive Chairman and DirectorContact Information E-mail inquiries: info@SOPfertilizer.com  P: (416) 362-8640 www.SOPfertilizer.comAbout SOPerior Fertilizer Corp. SOPerior Fertilizer Corp. is a Canadian based exploration and development company with a unique opportunity to develop a SOP and alumina rich material project into long-term mining production. The Company's Blawn Mountain Project consists of four areas of surface mineable alunite mineralization in the State of Utah. Alunite is a sulfate mineral ore rich in both SOP and alumina. Located in a mining friendly jurisdiction with established infrastructure nearby, the project covers approximately 15,404 acres of state-owned land and has a known permitting process. Extensive development was completed in the 1970s including a mine plan, feasibility study and 3-year pilot plant operation. SOPerior has a highly qualified and proven management team in place with significant financial, project management and operational experience and the ability to take projects into production.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).40930091.3

2020-07-31 - 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.

2020-07-31 - Yahoo! Finance: SMT.TO News

Sierra Metals Reports Q2-2020 Financial Results at Its Sociedad Minera Corona Subsidiary in Peru

Sierra Metals Reports Q2-2020 Financial Results for its Sociedad Minera Corona Subsidiary in Peru - Consolidated Financial Results on Aug 13, 2020

2020-07-31 - Yahoo! Finance: BYN.V News

Banyan Gold: Over 900,000 Ounces of Gold in the Yukon, CEO Clip Video

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2020) - Banyan Gold Corp. (TSXV: BYN) President & CEO, Tara Christie announces the company's initial inferred resource on its AurMac project near Mayo, Yukon.If you cannot view the video above, please visit:https://www.b-tv.com/banyan-gold-in-the-yukon-ceo-clip-90sec/ Banyan Gold Corp. (TSXV: BYN) www.banyangold.comAbout CEO Clips:CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 90 second video profiles broadcast on national TV ...

2020-07-31 - Yahoo! Finance: BTO.TO News

Gold Prices Are on the Rise. Here are the Stocks, Funds, and ETFs to Buy.

There could be more room for gold—and gold-mining stocks—to advance, with inflation-adjusted U.S. rates negative and the U.S. government running enormous deficits.

2020-07-31 - Latest updates

Kerry E. Sparkes, M. Sc., P. Geo

2020-07-31 - The Northern Miner

Agnico, Yamana target underground potential at Canadian Malartic

Joint-venture partners Agnico Eagle Mines (TSX, NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY) will begin construction of an underground ramp at their Canadian Malartic...

2020-07-31 - Yahoo! Finance: REL.V News

Roughrider Announces Closing of its $1.8 Million Financing

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./TSX.

2020-07-31 - The Northern Miner

Eric Sprott takes $10M stake in Vizsla Resources

Vizsla Resources (TSXV: VZLA) has closed a bought deal private placement for 16 million units of the company at a price of $1.87 per unit for...

2020-07-31 - The Northern Miner

Centerra raises dividend after profits double

Centerra Gold (TSX: CG) announced that the company recorded net income of US$80.7 million, or 27¢ per share, for the second quarter of 2020, more...

2020-07-31 - Yahoo! Finance: SGMA.V News

Sigma Lithium Upsizes Private Placement of Common Shares by One-Third to US$13.3 Million Due to Strong Institutional Investor Demand

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, July 31, 2020 (GLOBE NEWSWIRE) -- Sigma Lithium Resources Corporation (“Sigma” or the “Company”) (TSXV: SGMA) (OTC- QB: SGMLF) is pleased to announce that, owing to strong global institutional investor interest, it has increased the size of its non-brokered private placement of common shares by one-third (approximately 33%). The Company now intends to issue up to 8,285,700 common shares (the “Common Shares”) at a price of C$2.15 per Common Share for gross proceeds of approximately US$13.3 million (equivalent to approximately C$17.8 million) (the “Offering”).The Offering book is comprised, in its majority, by leading global institutional investors. Other participants include mainly large global family offices. The investors in the Offering have a strong focus on ESG and sustainability, therefore closely aligned in purpose with Sigma’s commitment to an ESG-centric strategy for the development of the Grota do Cirilo lithium project in Brazil (the “Project”).The size of the Offering is in line with the equity funding requirement for the Project’s construction outlined in the June 29, 2020 press release “Sigma Announces US$45 million Project Finance Facility with Société Générale”. Please refer to the July 27, 2020 press release “Sigma Lithium Announces a US$10 million Private Placement of Common Shares at C$2.15”.The closing of the Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “TSXV”).  Cormark Securities Inc. and National Bank Financial Inc. acted as financial advisors to the Company and may receive a finder’s fee in respect of certain orders.  Other parties, including the A10 Group, shall also receive a finder’s fee in connection with Offering.The Common Shares have not been and will not be 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 Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.ABOUT SIGMA LITHIUM Sigma is a Canadian company producing environmentally sustainable battery-grade lithium concentrate, which it has done on a pilot scale since 2018, shipping high-quality above 6% Li2O coarse lithium concentrate samples to potential customers in Asia. Based on the technical report titled “Grota do Cirilo Lithium Project, Araçuaí and Itinga Regions, Minas Gerais, Brazil, National Instrument 43-101 Technical Report on Feasibility Study Final Report”, dated October 18, 2019 and with an effective date of September 16th, 2019, a larger-scale lithium concentration commercial production plant will contemplate a capacity of 220,000 tonnes annually of battery-grade low-cost lithium concentrate and Sigma will be amongst the lowest-cost producers of lithium concentrate globally.To secure a leading position supplying the clean mobility and green energy storage value chain, Sigma has adhered to the highest standards of environmental practices in line with its core values and mission since starting activities in 2012. Sigma’s production process is 100% powered by hydroelectricity and the Company utilizes state-of-the-art dry-stacking tailings management and water-recirculation techniques in its beneficiation process. Its corporate mission is to execute its strategy while embracing strict Environmental Social and Governance (“ESG”) principles, managed based on the United Nations’ sustainable development goals (“UN-SDGs”). Sigma has adhered to 14 out of the 17 UN-SDGs, including gender equality. Sigma’s shareholders include some of the largest ESG-focused institutional investors in the world.FOR ADDITIONAL INFORMATION PLEASE CONTACTSigma Lithium Resources Corporation, www.sigmalithiumresources.com Company Contact: Anna Hartley Director of Investor Relations +44 7866 458 093, anna.hartley@sigmaca.comFORWARD-LOOKING STATEMENTSThis news release includes certain “forward-looking statements” under applicable Canadian securities legislation including statements relating to the closing of the Offering, Use of Proceeds and TSXV approval.   Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the potential development of resources and drilling plans which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, receipt of all necessary approvals to complete the Offering, the market price of the Company's securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, litigation risks, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations, and regulations and other matters including the COVID-19 pandemic. 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. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to our public filings available at www.sedar.com.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 news release.

2020-07-31 - Yahoo! Finance: BTO.TO News

BTG vs. AEM: Which Stock Is the Better Value Option?

BTG vs. AEM: Which Stock Is the Better Value Option?

2020-07-31 - Yahoo! Finance: TETH.V News

Tethyan Completes Initial Drill Programme at the Kizevak Project, Serbia

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2020) -  Tethyan Resource Corp. (TSXV: TETH) ("Tethyan" or the "Company") is pleased to announce the successful completion of its initial drill programme on the recently acquired licence that comprises the central portion of the Kizevak silver-zinc-lead project in Serbia. The programme consisted of 11 diamond drill holes for a total of 1,867.5 metres, targeting the confirmation of historical drill and underground assay data.The results of drilling ...

2020-07-31 - Sphinx Resources

Sphinx appoints Pierre-André Viens to its Board of Directors

Montréal, July 29, 2020 – Sphinx Resources Ltd (“Sphinx”) (TSX-V: SFX) is pleased to announce that Pierre-André Viens has been appointed to the Corporation’s Board of Directors as an independent director. Mr. Viens is Director and Vice-President, Finance of CMAC-Thyssen … Continue reading

The post Sphinx appoints Pierre-André Viens to its Board of Directors appeared first on Sphinx Resources.

2020-07-31 - Yahoo! Finance: NVO.V News

Novo Files Egina Technical Report and Satisfies Bellary Dome Conditions

VANCOUVER, British Columbia, July 31, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has voluntarily filed a technical report prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) for its Egina gold project. The independent technical report, entitled NI 43-101 Technical Report: Egina Alluvial Project, Pilbara Region, Western Australia (the “Egina Technical Report”), with an effective date of April 30, 2020 and an issue date of July 30, 2020, was prepared for Novo by Dr. Quinton Hennigh (PGeo) and Dr. Simon Dominy (FAusIMM (CP) FAIG (RPGeo)) as co-authors. Dr. Hennigh and Dr. Dominy are qualified persons as defined under NI 43-101. The Egina Technical Report will be available under the Company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) website at www.sedar.com and on the Company’s website at www.novoresources.com. The Egina Technical Report summarizes the Company’s field activities across the previous 2 years and highlights the Company’s exploration strategies to further progress the Egina gold project. The Egina gold project encompasses a number of wholly-owned tenements and farm-in and joint venture arrangements south of Port Hedland in Western Australia which are highly prospective for extensive shallow, gold-bearing gravels. Coarse gold nuggets having been discovered at numerous locations across the Novo and joint venture tenements. Gold occurs primarily in shallow Cenozoic gravels and is likely sourced from conglomerate horizons within the Fortescue Formation conglomerates or from other basement lode systems that have eroded away. Richer concentrations of gold nuggets are found trapped in local depressions and swales.Dr. Quinton Hennigh, P. Geo., the Company’s President, Chairman and a director, and a qualified person as defined by National Instrument 43-101, has approved the technical contents of this news release.The Company is also pleased to announce that all conditions have been satisfied with respect to the Company’s option with Bellary Gold Pty Ltd to acquire the gold rights in exploration licence 47/3555 (please see the Company’s news release dated June 12, 2020). The Company has paid AUD $25,000 to Bellary Dome.About Novo Resources Corp.Novo’s focus is primarily to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 13,750 square kilometres with varying ownership interests. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.comOn Behalf of the Board of Directors,Novo Resources Corp. “Quinton Hennigh” Quinton Hennigh President and ChairmanNeither 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.

2020-07-31 - Yahoo! Finance: ITR.V News

Integra Resources to Begin Trading Today on the NYSE American

VANCOUVER, British Columbia, July 31, 2020 (GLOBE NEWSWIRE) -- Integra Resources Corp. (“Integra” or the “Company”) (TSX-V:ITR ; NYSE American:ITRG) is pleased to announce that its common shares (the "Common Shares") commenced trading on the NYSE American LLC (the "NYSE American") as of market open today, July 31, 2020.Integra Common Shares will trade under the ticker symbol “ITRG”. Integra’s Common Shares listed on the TSX Venture will continue to trade under the ticker symbol “ITR”.“This is a significant milestone for the Company,” noted President and CEO, George Salamis. “The listing comes at an exciting time as we are experiencing exploration success during the early stages of this year’s aggressive exploration program at the DeLamar Project, while also continuing to de-risk and advance the Project towards pre-feasibility and permitting on several other fronts. The Company looks forward to trading on the NYSE American and providing more exposure to retail and institutional investors interested in the DeLamar Gold-Silver Project in southwestern Idaho.”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 Salamis President, CEO and DirectorCONTACT INFORMATIONCorporate Inquiries: ir@integraresources.com Company website: www.integraresources.com Office phone: 1-604-416-0576Forward looking and other cautionary statementsThis news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian and United States securities legislation.  All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release.  Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative 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) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: statements with respect to the timing and completion of the listing of the Company’s common shares on NYSE American; anticipated advancement of the DeLamar Gold-Silver Project; future operations; future exploration prospects; the completion and timing of future development studies, including a pre-feasibility study; future growth potential of DeLamar; and future development and construction plans.These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves 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 information. Such factors include, among others: risks related to the speculative nature of the Company’s business; the Company’s formative stage of development; the impact of COVID-19 on the timing of exploration and development work; the Company’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.  Although the forward-looking statements contained in this news release are based upon what management of Integra believes, or believed at the time, to be reasonable assumptions, Integra cannot assure its shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be anticipated, estimated or intended.Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking 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.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.

2020-07-31 - Yahoo! Finance: GCR.V News

Gespeg Announces a $1,000,000 Private Placement With a Lead Order From Palisade Goldcorp

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATESSASKATOON, Saskatchewan, July 31, 2020 (GLOBE NEWSWIRE) -- GESPEG RESOURCES LTD. (TSX-V:GCR) (the “Company” or “Gespeg”), announces a non-brokered private placement of up to 20,000,000 units (the “Units”), at $0.05 per Unit for gross proceeds of up to $1,000,000 (the “Offering”) with a lead order from Palisades Goldcorp Ltd.  The Units will consist of one common share of the Company and one common share purchase warrant (each whole warrant, a “Warrant”).  The Warrants are exercisable for a period of 36 months from closing at an exercise price of $0.075.About Palisades GoldcorpPalisades Goldcorp is Canada's new resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of the industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.Gespeg intends to use proceeds for purposes of the placement to continue work on its prospective copper and gold properties in the Gaspe Peninsula and Chibougamau region of Quebec, as well as for working capital.The Offering will be conducted under available exemptions from the prospectus requirements of applicable securities legislation and participation in the Offering will be available to existing shareholders in qualifying jurisdictions in Canada in accordance with BC Instrument 45-534 and Regulation 45-513 in Quebec (the “Existing Shareholder Exemption”). The Company has set July 31, 2020 as the record date for the purpose of determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. Qualifying shareholders who wish to participate in the Offering should contact the Company at the contact information set forth below no later than July 24, 2019. If the Offering is over-subscribed for, Units will be allocated pro-rata amongst all subscribers. All subscription materials must be provided to the Company no later than July 31, 2020.  The Company may close the Offering in several tranches during the Offering, the first of which the Company intends to close no later than July 31, 2019.  In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, the Offering will also be conducted pursuant to other available prospectus exemptions. Insiders may participate in the Offering.In addition to the Existing Security Holder Exemption and other available prospectus exemptions, a portion or all of the Offering may be completed pursuant to Multilateral CSA Notice 45-318 – Prospectus Exemption for Certain Distributions through an Investment Dealer (“CSA 45-318”) and the corresponding blanket orders and rules implementing CSA 45-318 in the participating jurisdictions in respect thereof (collectively with CSA 45-318, the “Investment Dealer Exemption”). As at the date hereof, the Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Pursuant to CSA 45-318, each subscriber relying on the Investment Dealer Exemption must obtain advice regarding the suitability of the investment from a registered investment dealer. There is no material fact or material change of the Company that has not been generally disclosed.All securities issued pursuant to the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange (the “TSX-V”).None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.The aggregate acquisition cost to a subscriber under the Existing Security Holder Exemption cannot exceed $15,000, unless that subscriber has obtained advice regarding the suitability of the investment and, if the subscriber is resident in a jurisdiction of Canada, such advice is obtained from a person that is registered as an investment dealer in the subscriber's jurisdiction.About Gespeg Resources Inc.: Gespeg is an exploration company with a focus in strategic and energetic metals and underexplored regions “Gaspé, Chibougamau Québec”.  With a dedicated management team, the Company’s goal is to create shareholder value through the discovery of new deposits.GESPEG RESOURCES LTD. (signed) “Sylvain Laberge”                Sylvain Laberge President and CEO 514.702.9841 slaberge@gespegcopper.comSome of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

2020-07-31 - Yahoo! Finance: BTO.TO News

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2020-07-31 - Yahoo! Finance: BIP-UN.TO News

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2020-07-31 - Yahoo! Finance: CG.TO News

Centerra Gold Increases Quarterly Dividend by 25% to C$0.05 per share

TORONTO, July 31, 2020 (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 or C$14,725,699 (approximately US$11.0 million). The quarterly dividend is payable on August 28, 2020 to shareholders of record on August 14, 2020. The dividends are eligible dividends for Canadian income tax purposes. Scott Perry, President and CEO stated, “The decision of Centerra’s Board to increase the quarterly dividend by 25% to C$0.05 per common share announced today, and planned into the future, was based on our strong operating performance and the higher gold price environment, both of which contributed to our growing free cash flow and a debt-free balance sheet as at June 30, 2020.”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 may 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 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 two flagship assets, the Kumtor Mine in the Kyrgyz Republic and the Mount Milligan Mine in British Columbia, Canada and has a third operating gold mine, the 100% owned 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. Pearson Vice President, Investor Relations (416) 204-1953 john.pearson@centerragold.comAdditional 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/1e4db211-d663-4c11-8aca-80bae13f968e

2020-07-31 - Yahoo! Finance: CG.TO News

Centerra Gold Records Net Earnings of $80.7 million or $0.27 per Common Share, Adjusted Net Earnings (Non-GAAP) of $97.8 million or $0.33 per Common Share and Cash from Operations of $268.1 million; Increases Quarterly Dividend by 25%

Key Currencies vs the US Dollar Key Currencies vs the US Dollar Kumtor Q2 cash provided by mine operations Kumtor Q2 cash provided by mine operations Kumtor Q2 All-in Sustaining Costs (NON-GAAP) Kumtor Q2 All-in Sustaining Costs (NON-GAAP) Kumtor YTD cash provided by operations Kumtor YTD cash provided by operations Kumtor YTD All-in Sustaining Costs (NON-GAAP) Kumtor YTD All-in Sustaining Costs (NON-GAAP) Available Liquid Water Available Liquid Water Mount Milligan Q2 cash provided by mine operations Mount Milligan Q2 cash provided by mine operations Mount Milligan Q2 All-in Sustaining Costs (NON-GAAP) Mount Milligan Q2 All-in Sustaining Costs (NON-GAAP) Mount Milligan YTD cash provided by mine operations Mount Milligan YTD cash provided by mine operations Mount Milligan YTD All-in Sustaining Costs (NON-GAAP) Mount Milligan YTD All-in Sustaining Costs (NON-GAAP) Moly Oxide Weekly Pricing (Jan 1, 2020 – June 30, 2020) $USD/lb Moly Oxide Weekly Pricing (Jan 1, 2020 – June 30, 2020) $USD/lbAll 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”TORONTO, July 31, 2020 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) today reported its second quarter 2020 results. Key events and operating results of the second quarter included: * Net earnings of $80.7 million and adjusted net earningsNG of $97.8 million, $0.27 and $0.33 per common share (basic), respectively. * Cash flow from operations was $268.1 million. * Production totalled 219,692 ounces of gold and 19.1 million pounds of copper. * Production costs per ounce of gold sold were $410 per ounce. * Production costs per pound of copper sold were $1.20 per pound. * All-in sustaining costs on a by-product basis per ounce soldNG were $804 per ounce. * Cash position of $212 million at quarter end with total liquidity of $712 million. As at June 30, 2020, the Company’s $500 million corporate credit facility was undrawn. * Commercial production achieved on May 31, 2020 at the Öksüt Mine which generated positive operating cash flow of $13.5 million and free cash flowNG of $5.0 million during the quarter. * Robust spring melt at Mount Milligan resulting in stored water inventory in excess of 6 million cubic metres at the end of the second quarter. * An updated Kumtor 43-101 technical report is expected to be released in the fall of 2020. * No change to 2020 production and cost guidance and a modification to growth capitalNG guidance. * Quarterly Dividend increased by 25% to C$0.05 per common share.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. Commentary Scott Perry, President and Chief Executive Officer of Centerra stated, “We continue to stay vigilant at all of our operations to prevent an outbreak and avoid the spread of the COVID-19 virus and to ensure the health, safety and well-being of our employees, contractors and communities. At our Öksüt operation, we have celebrated a recent safety milestone, when on July 19, 2020, Öksüt achieved 3 million work hours without a lost time injury. Our continued commitment to Work Safe Home Safe is a driving force behind achieving such milestones.”“The strong operating performance at Kumtor and Mount Milligan continued into this quarter and our Öksüt Mine achieved commercial production during the quarter. Our operations in the quarter delivered consolidated gold production of 219,692 ounces at all-in sustaining costsNG on a by-product basis of $804 per ounce sold in the quarter. Kumtor had another strong quarter producing 173,245 ounces of gold at all-in sustaining costsNG on a by-product basis of $696 per ounce sold. Mount Milligan produced 35,656 ounces of gold and 19.1 million pounds of copper at all-in sustaining costsNG on a by-product basis of $679 per ounce sold and Öksüt produced 10,791 ounces of gold, 5,619 ounces were commercial production. During the quarter, Öksüt’s all-in sustaining costsNG on a by-product basis was $537 per ounce, being our lowest cost mine in the quarter.”“Financially, the Company generated $268.1 million of cash from operations for the second quarter of 2020, which includes $220.4 million from Kumtor, $41.6 million from Mount Milligan and $13.5 million from Öksüt. During the second quarter of 2020, Kumtor, Mount Milligan and Öksüt delivered free cash flowNG of $156.9 million, $34.4 million and $5.0 million, respectively. Company-wide, free cash flowNG in the second quarter of 2020 was $169.1 million and we finished the quarter with cash of $212.2 million and no debt outstanding after repaying our corporate revolving credit facility in the quarter.”“The decision of Centerra’s Board to increase the quarterly dividend by 25% to C$0.05 per common share announced today and planned into the future was based on our strong operating performance and the higher gold price environment, both of which contributed to our growing free cash flow and a debt-free balance sheet as at June 30, 2020.”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. Centerra has taken a series of measures to provide its employees with accurate information, help prevent infection and reduce the potential transmission of COVID-19, including activation of a global crisis management team, frequent communication with and compassionate support of all our people, travel restrictions, and the temporary closure of various administration offices including our head office in Toronto. Each Centerra site rapidly and successfully implemented proactive measures to minimize the impact of COVID-19 on operations, including strict protocols for access to operating sites, temperature checks and questioning upon entry, increased cleaning and hygiene protocols, modifications to work shifts and accommodation at site and an offsite quarantine facility established specifically for employees travelling to the Kumtor Mine site. In addition, our operating mine sites continue to assess the resiliency of their supply chain, are increasing mine site inventories of key materials and developing contingency plans to allow for continued operations. The Company completed a company-wide COVID-19 employee survey in June to obtain feedback from employees on Centerra’s response to the pandemic and most importantly, on whether the Company is keeping employees well-informed and providing adequate support both physically and emotionally. The responses company-wide were favorable and Centerra will continue to address concerns and adapt its practices as necessary throughout the stages of this crisis. While the majority of Centerra’s operating sites are currently operating without significant interruption, there has been an increase in the infection rates of COVID-19 and other illnesses in the Kyrgyz Republic which is beginning to have an impact on the available workforce for the Kumtor Mine. While Kumtor’s performance during the second quarter was unaffected, the Company is putting in place measures to manage the reduced workforce at Kumtor by mining waste below capacity while maintaining gold production levels by processing stockpiles as planned for the year.  For further details on the impact of COVID-19 on Centerra’s operating sites and development projects please see “Operating Mines and Facilities” and “Pre-Development Projects”.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.Exploration Update Exploration activities in the second 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, Mexico, Turkey, Finland, USA and the Kyrgyz Republic. The Company has expanded its 2020 exploration program when compared to 2019 and is primarily focused on brownfield exploration at Kumtor, Mount Milligan and Öksüt. Exploration expenditures totalled $6.6 million in the second quarter of 2020, which included the impact of delays associated with COVID-19, compared to $6.3 million in the same quarter of 2019.Kumtor MineThe 2020 planned drilling program at Kumtor includes 55,000 metres of exploration and 15,000 metres of infill drilling, which are focused on priority primary and potential targets. Primary targets include various zones of the Central, Southwest and Sarytor deposits (areas) based on enhanced geological modelling from the recently updated Kumtor resource block model, and positive drilling results from 2018 and 2019. In addition, the 2020 planned drilling program at Kumtor includes the underexplored segments of the Kumtor Gold Trend – the Northeast targets, Bordoo, Akbel and conceptual targets (Hope Zone and others). An exploration potential update will be included in an updated Kumtor 43-101 technical report expected to be released in the fall of 2020.In April, due to COVID-19 preventive measures, exploration drilling at Kumtor was temporarily suspended, resuming in June 2020. Due to the delay, a certain portion of the planned drilling program could be deferred to 2021.During the second quarter of 2020, exploration drilling programs continued with the completion of fifteen diamond drill holes for 4,663 metres. Exploration drilling focused on testing zones of sulfide and oxide mineralization along the corridor between the Central and Southwest pits (Kosholuu, Hope and Southwest Oxide Deep zones), on the periphery of the Sarytor Pit, Northeast targets and Muzdusuu area.Southwest Deposit (Area) In the second quarter of 2020, a total of eleven diamond drill holes were completed in the Southwest area for a total of 2,902 metres.Three drill holes have been completed between Southwest and Central pits in the Hope Zone for a total of 508 metres. Results from recent drilling have delineated a lens-shaped oxide gold mineralization. This mineralization extends along the hanging wall of the Kumtor Lower Thrust for more than 400 metres and is opened in both directions along the main NE strike.Hole SW-20-319 intersected broad dispersed gold mineralization in Tertiary sediments.Significant intersections are reported below:SW-20-3139.0 metres @ 1.13 g/t Gold (“Au”), from 277.8 metres 4.3 metres @ 4.78 g/t Au from 289.2 metres SW-20-31939.0 metres @ 0.45 g/t Au from 19.6 metres           Including 15.0 metres @ 0.92 g/t Au from 29.6 metres In the Kosholuu Zone, three drill holes were completed for a total of 708.2 metres. Selected best intercepts are listed below.SW-20-31815.9 metres @ 1.65 g/t Au from 196.8 metres 10.4 metres @ 4.29 g/t Au from 221.7 metres SW-20-32018.3 metres @ 6.50 g/t Au from 225.0 metres           Including 5.0 metres @ 13.08 g/t Au from 234.7 metres Five drill holes were completed for a total of 1,686.5 metres in the Hope Zone and tested inferred oxide mineralization. A selected best intercept is listed below:SW-20-324 21.7 metres @ 6.09 g/t Au from 226.0 metres           Including 3.0 metres @ 12.93 g/t Au from 238.0 metres Sarytor Deposit (Area)In the second quarter, drilling was not conducted at the Sarytor area, but results were obtained for the hole drilled in the first quarter. Significant intervals are shown below.SR-20-244 66.4 metres @ 2.05 g/t Au from 262.3 metres           Including 9.9 metres @ 4.77 g/t Au from 285.6 metres Northeast Deposit (Area) In the Northeast area, one diamond drill hole was completed during this quarter and results were obtained for previously completed reverse circulation (RC) drilling.A few broad and low-grade intervals of sulfide and oxide mineralization were intersected. Oxide mineralization was identified in the northwestern part of the area, along the tectonic mélange zone.Muzdusuu Area Four diamond drill holes were completed in the Muzdusuu Area for a total of 1,040 metres. Results were also obtained for holes completed in the first quarter. Drilling in the Muzdusuu Area (outside Central Pit) is designed to explore for oxide and mixed gold mineralization along the Kumtor Lower Thrust. A few drill holes intersected broad intervals (up to 68 metres) of a mixed (oxide + sulfide) gold mineralization. Hole DM2067 has tested inferred dispersed gold mineralization target in the Tertiary sediments (Parking Lot target) and intersected broad interval of a low-grade mineralization.Significant intervals are shown below.DM2059  68.8 metres @ 1.38 g/t Au from 120.7 metres           Including 31.0m @ 2.75 g/t Au from 136.0 metres DM2062  57.3 metres @ 1.02 g/t Au from 96.2 metres           Including 25.2m @ 2.06 g/t Au from 127.6 metres DM2067  234.6 metres @ 0.20 g/t Au from 78.6 metres           Including 31.0m @ 0.39 g/t Au from 147.6 metres The above mineralized intercepts were calculated using a cut-off grade of 1.0 g/t Au for sulfide and 0.1 g/t Au for oxide mineralization, minimum interval of 4.0 metres and a maximum internal dilution interval of 5.0 metres. The true widths for sulfide mineralized intervals reported represent approximately 70 to 95% of the stated down hole interval. Significant assay intervals reported for oxide mineralization represent apparent widths due to the uncertainty of the nature of the mineralization at the time of reporting. Drill collar locations and associated graphics are available at the following link: http://ml.globenewswire.com/Resource/Download/8e9ad544-6c3b-4ea5-b386-8e57ddd0746dA 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 MineThe 2020 planned drilling program at Mount Milligan includes 17,500 metres (at approximately 40 drill sites) in five target zones of in-pit exploration, 10,000 metres of brownfield exploration and 3,000 metres of greenfield exploration. In March, due to COVID-19 preventive measures, exploration drilling at Mount Milligan was temporarily suspended and resumed in June 2020, with no impact to the planned drilling programs anticipated for the remainder of 2020. In the second quarter, two drill holes were completed in the Great Eastern Fault target area (20-1240, 20-2141), and one was in progress, totalling 1,274 metres drilled. Assay results were returned for two drill holes during the quarter and best weighted average intersections are reported below.Saddle/66 Gap zone (In-Pit)DDH 20-1237 and 20-1238 tested for an extension of mineralization into a gap in known reserves between the Saddle and 66 zones; and a deep geophysical target. DDH 20-1237 was abandoned at 26.8 metres for technical reasons. Significant pyrite mineralization in both drill holes is related to dykes (monzonite and trachyte) proximal to faults. The deep interval in 20-1238 was intersected in the immediate footwall of Harris fault.DDH 20-1237   17.1 metres @ 0.62 g/t Au, 0.10% Copper (“Cu”) from 9.8 metres           including 6.7 metres @ 1.07 g/t Au, 0.17% Cu from 20.1 metres DDH 20-1238 16.0 metres @ 1.19 g/t Au, 0.03% Cu from 82.0 metres           including 3.6 metres @ 4.79 g/t Au, 0.05% Cu from 83.5 metres  76.1 metres @ 0.81 g/t Au, 0.03% Cu from 440.0 metres           including 13.2 metres @ 1.57 g/t Au, 0.07% Cu from 449.8 metres                     and 2.0 metres @ 3.50 g/t Au, 0.05% Cu from 489.0 metres                     and 2.0 metres @ 3.20 g/t Au, 0.08% Cu from 496.8 metres                     and 2.0 metres @ 4.57 g/t Au, 0.02% Cu from 510.0 metres  13.0 metres @ 2.17 g/t Au, 0.02% Cu from 524.0 metres           including 11.5 metres @ 2.41 g/t Au, 0.02% Cu from 524.0 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/8e9ad544-6c3b-4ea5-b386-8e57ddd0746dGreenfield exploration (MAX project) The 2020 greenfield Phase-1 drilling program was completed in the second quarter of 2020 at the Max project. The Max project consists of a block of 12 mineral claims (4,869 ha) under option from Jama Holdings Inc., 21 kilometres south of the Mount Milligan mine processing facilities and adjoins the Mount Milligan property on the south. The program was supported by helicopter in June 2020, completing seven drill holes (3,573 metres) from five pads in two target areas. The prospect has similar geology, structure, geophysical and geochemical signature as the Mount Milligan MBX deposit. Assay results are pending.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 Mine The 2020 planned drilling program at Öksüt includes 20,000 metres of diamond drilling, focused on near pit resource expansion and other oxide gold targets. The 2020 diamond drilling program has been designed to: * expand the oxide gold resources around the known deposits at Keltepe and Güneytepe as well as at Keltepe North and Keltepe North-West, * further test the oxide gold potential at Yelibelen, Büyüktepe, Boztepe and other targets, * further delineate the supergene copper mineralization at depth, and test other deeper targets.Drilling, which commenced towards the end of the second quarter of 2020 with one exploration hole being completed for 246 metres at the periphery of Güneytepe, will continue into the third quarter of 2020. The 2020 planned drilling program has not been impacted by the COVID-19 preventive measures at the Öksüt mine site. Assay results have been received for the completed drill hole. The highlights are:ODD0391    9.6 metres @ 0.29 g/t Au from 81.1 metres   115.8 metres @ 0.60 g/t Au from 95.8 metres              including 18.6 metres @ 1.28 g/t Au from 129.4 metres                    and 6.7 metres @ 1.01 g/t Au from 169.6 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/8e9ad544-6c3b-4ea5-b386-8e57ddd0746dA 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 Gold 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 ProjectThe 2020 Kemess brownfield drilling program is focused on the Kemess North Trend and comprises three drill holes (2,700 metres) at the Nugget historic resource to test for mineralization up-dip of the 2019 drilling and up to three drill holes (2,000 metres) at the Kemess East resource to test for an extension of known mineralization. Drilling at Kemess East will attempt to reuse and extend 2017 drill holes, or alternatively, a single drill hole (2,000 metres) may be drilled from surface. In late June, crews mobilized to site and began preparations, but no drill core was produced. The program is expected to run until late August.Other Projects During the second quarter of 2020, greenfield exploration programs targeting gold and copper were ongoing in Canada, Turkey, Mexico, 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 December 31, 2014. The Kumtor deposit is described in the 2019 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 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 the 2019 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 Gold Mine 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.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 two flagship assets, the Kumtor Mine in the Kyrgyz Republic, the Mount Milligan Mine in British Columbia, Canada and has a third operating gold mine, the 100%-owned 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 second quarter conference call on Friday, July 31, 2020 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 (800) 926-9871. International participants may access the call at +1 (212) 231-2911. 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 August 7, 2020 by calling (416) 626-4100 or (800) 558-5253 and using passcode 21965212.For more information: John W. Pearson Vice President, Investor Relations Centerra Gold Inc. (416) 204-1953  john.pearson@centerragold.comAdditional 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/1ec1438d-f0e7-410c-b105-bea826b46ced Management’s Discussion and Analysis For the Period Ended June 30, 2020This Management Discussion and Analysis (“MD&A”) has been prepared as of July 30, 2020, 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 six months ended June 30, 2020 in comparison with the corresponding period ended June 30, 2019. This discussion should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements and the notes thereto for the three and six months ended June 30, 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). This MD&A should also be read in conjunction with the Company’s audited annual consolidated financial statements for the years ended December 31, 2019 and 2018, the related MD&A and the Annual Information Form for the year ended December 31, 2019 (the “2019 Annual Information Form”). The Company’s unaudited condensed consolidated interim financial statements and the notes thereto for the three and six months ended June 30, 2020, 2019 Annual Report and 2019 Annual Information Form 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.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:  the Company’s expectations regarding timing for an updated Kumtor Technical Report and the potential for expanding the Kumtor life of mine; possible impacts to its operations relating to COVID-19; planned exploration activities for the remainder of 2020; the achievement of 2020 guidance and the Company’s expectations at each of our operating sites; the Company’s expectations regarding having sufficient liquidity for 2020; the Company’s expectations regarding accessing water at its Mount Milligan Mine for the remainder of 2020 and its plans for a longer-term solution; time frame for completing the Öksüt Mine construction; future payments by Kumtor Gold Company to the Kyrgyz Republic Regional Fund and expectations regarding outstanding investigations and litigation involving the Company including the HRS litigation impacting the Mount Milligan Mine, and the litigation involving the Greenstone Gold Property. 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, expertises 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, 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 movement of the Davidov Glacier, waste and ice movement and continued performance of the buttress at the Kumtor Project; the occurrence of further ground movements at the Kumtor Project and mechanical availability; the risk of having sufficient water to continue operations at Mount Milligan and achieve expected mill throughput; 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 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 July 30, 2020. 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 CONTENTSOverview 14 Consolidated Financial and Operational Highlights 15 Overview of Consolidated Results 16 2020 Outlook 17 Financial Performance 20 Balance Sheet Review 23 Cash Flow Review 24 Market Conditions 25 Financial Instruments 28 Operating Mines and Facilities 28 Pre-Development Projects 44 Quarterly Results – Previous Eight Quarters 45 Contingencies 46 Accounting Estimates, Policies and Changes 47 Disclosure Controls and Procedures and Internal Control Over Financial Reporting 48 Non-GAAP Measures 48 Qualified Person & QA/QC – Production, Mineral Reserves and Mineral Resources 53    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 two properties in Canada in the pre-development stage, the Kemess Underground Gold Property and the Greenstone Gold Project (50% ownership), owns exploration properties in Canada, the United States of America and Turkey and has options to acquire exploration joint venture properties in Canada, Finland, Mexico, Turkey, and the United States of America. The Company owns various assets included in its Molybdenum Business Unit consisting of the Langeloth metallurgical processing facility and two primary molybdenum mines currently on care and maintenance, Thompson Creek Mine in Idaho, United States of America, and the Endako Mine in British Columbia, Canada (75% ownership).As of June 30, 2020, Centerra’s significant subsidiaries are as follows:  CurrentProperty EntityProperty - LocationStatusOwnership Kumtor 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 LPGreenstone Gold Property - CanadaPre-development50% Thompson Creek Mining Co.Thompson Creek Mine - United StatesCare and Maintenance100% Thompson Creek Metals Company Inc.Endako Mine - CanadaCare and Maintenance75%      Centerra’s common shares are listed for trading on the Toronto Stock Exchange under the symbol CG. As of July 30, 2020, there are 294,518,989 common shares issued and outstanding, options to acquire 4,229,720 common shares outstanding under its stock option plan and 1,339,796 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 June 30 Six months ended June 30 Financial Highlights 2020 2019% Change 2020 2019% Change Revenue$412.7$340.521%$786.7$674.517% Production costs 141.9 182.7(22%) 306.6 354.4(14%) Depreciation, depletion and amortization 85.4 59.045% 158.5 113.440% Earnings from mine operations 185.3 98.987% 315.0 206.752%             Net earnings$80.7$33.4142%$100.8$83.820% Adjusting items           \- ARO revaluation at sites on care and maintenance 17.1 -  43.5 -  Adjusted net earnings (3)$97.8$33.4193%$144.3$83.872%             Cash provided by operations 268.1 91.0195% 389.2 209.886% Cash provided by operations before changes in working capital 216.1 101.4113% 359.4 215.667% Free cash flow (3) 169.1 30.7451% 245.9 87.7180% Capital expenditures - sustaining 33.1 20.859% 47.5 40.617% Capital expenditures - growth and development projects 18.1 38.2(53%) 32.2 63.7(49%) Capital expenditures - stripping 46.8 15.6200% 86.7 38.4126%             Total assets$2,769.3$2,887.9(4%)$2,769.3$2,887.9(4%) Long-term debt and lease obligations 15.5 90.6(83%) 15.5 90.6(83%) Cash, cash equivalents and restricted cash (5) 214.2 167.528% 214.2 167.528%             Per Share Data           Earnings per common share - $ basic (1)$0.27$0.11145%$0.34$0.2917% Adjusted net earnings per common share - $ basic (1)(3)$0.33$0.11200%$0.49$0.2969%             Per Ounce Data (except as noted)           Average gold spot price ($/oz) (2) 1,714 1,30931% 1,648 1,30626% Average realized gold price ($/oz) (3)(4) 1,620 1,23731% 1,555 1,23226% Average copper spot price ($/lb) (2) 2.42 2.78(13%) 2.50 2.79(10%) Average realized copper price ($/lb) (3)(4) 2.06 1.956% 1.83 2.16(15%)             Operating Highlights           Gold produced (oz's) 219,692 199,57810% 410,165 383,1407% Gold sold (oz's) 217,539 198,28710% 420,797 394,7387% Payable Copper Produced (000's lbs) 19,064 20,397(7%) 39,136 31,83723% Copper Sales (000's payable lbs) 19,352 18,7003% 39,776 31,22227%             Unit Costs           Production costs per ounce of gold sold (4)$410$479(14%)$417$468(11%) Gold - All-in sustaining costs on a by-product basis  ($/oz sold) (3)(4)$804$71612%$760$69310% Gold - All-in sustaining costs on a by-product basis (including taxes)  ($/oz sold) (3) (4)$999$86116%$947$83713% Gold - All-in sustaining costs on a co-product basis (before taxes) – ($/oz sold) (3)(4)$860$71221%$790$70512% Production costs per pound of copper sold (4)$1.20$1.65(27%)$1.27$1.65(23%) Copper - All-in sustaining costs on a co-product basis (before taxes) – ($/pound sold) (3)(4)$1.44$1.97(27%)$1.46 $2.01(27%) (1) As at June 30 2020, the Company had 294,367,946 common shares issued and outstanding. (2) Average for the period as reported by the London Bullion Market Association (US dollar Gold P.M. Fix Rate) and London Metal Exchange (LME).  (3) Non-GAAP measure.  See discussion under “Non-GAAP Measures”. (4) Combines streamed and unstreamed amounts. (5 )Includes restricted cash of $2 million as at June 30, 2020 and restricted cash of $27.5 million as at December 31, 2019  Overview of Consolidated ResultsSecond Quarter 2020 compared to Second Quarter 2019 The Company recognized net earnings of $80.7 million and adjusted net earningsNG of $97.8 million in the second quarter of 2020, compared to net earnings and adjusted net earningsNG of $33.4 million in the second quarter of 2019. The increase in net earnings in  the second quarter of 2020 compared to 2019 was due to higher average realized gold prices, increased gold doré sold at Kumtor and increased copper pounds sold at Mount Milligan, partially offset by decreased gold ounces sold at Mount Milligan and a $17.1 million non-cash charge for the increase in the asset retirement obligation (“ARO”) for the Company’s non-operating sites caused by a decrease in the risk free interest rate assumption used for discounting the liabilities. There was no change in the underlying remediation programs required at the sites. Öksüt also contributed $10.7 million of earnings from mine operations in the second quarter of 2020.Cash provided by operations was $268.1 million in the second quarter of 2020, compared to $91.0 million in the same prior year period, due to increased earnings from mine operations including the Öksüt Mine that is now in commercial production and an increase in cash generated from reduced working capital levels, reflecting an increase in the collection of accounts receivable and a reduction in inventory at Kumtor. Free cash flowNG in the second quarter of 2020 was $169.1 million compared to free cash flowNG of $30.7 million in the same period of 2019. The increase was due to higher cash provided by operations together with minimal capital expenditure incurred at the Öksüt Mine compared to the prior year quarter, partially offset by increased capitalized stripping at Kumtor.Safety and Environment Centerra incurred five reportable injuries in the second quarter of 2020, including two lost time injuries, two medical aid injuries and one restricted work injury.Centerra has implemented a number of proactive measures to prevent the spread of COVID-19 and ensure the safety of its employees, contractors, communities and other stakeholders.There were no reportable releases to the environment in the second quarter of 2020.First Half 2020 compared to First Half 2019 The Company recognized net earnings of $100.8 million and adjusted net earningsNG of $144.3 million in the first half of 2020, compared to net earnings and adjusted net earningsNG of $83.8 million in the first half of 2019. The increase in net earnings in  the first half of 2020 compared to 2019 was due to higher realized gold prices, increased gold doré sold at Kumtor and increased copper pounds sold at Mount Milligan, partially offset by $43.5 million in non-cash charges relating to the reclamation liabilities for the Company’s non-operating sites. The increase in the reclamation liabilities was a result of a decrease in the risk-free interest rate assumption used for discounting the future liabilities. Öksüt also contributed $7.1 million of net earnings in the first half of 2020.Cash provided by operations was $389.2 million in the first half of 2020, compared to $209.8 million in the same prior year period, due to increased earnings from mine operations including the Öksüt Mine that is now in commercial production and an increase in cash generated from reduced working capital levels, due to a decrease in inventory at Kumtor. Free cash flowNG in the first half of 2020 was $245.9 million compared to free cash flowNG of $87.7 million in the same period of 2019. The increase was due to higher cash provided by operations, partially offset by an increase in sustaining capital and capitalized stripping at Kumtor.2020 OutlookCenterra is maintaining its 2020 guidance for gold and copper production, and all-in sustaining costs per ounce soldNG. At the Kumtor operation, although fewer waste tonnes were mined due to reduced workforce on site, the mill operations continue as normal as we process materials from stockpiles throughout 2020 as planned.Centerra is revising its 2020 guidance for capital spending, excluding capitalized stripping, to $192 million from the initial guidance of $169 million disclosed previously. The company’s 2020 guidance for capitalized striping has been reduced to $223 million, from the initial guidance of $236 million disclosed previously.Despite its best efforts, the Company notes that COVID-19 has the potential to significantly disrupt Centerra’s operations going forward and affect the Company’s future operating results. Among other things, COVID-19 has the potential to cause significant illness in the workforce, temporarily shut down mining, processing and other operations, and disrupt supply chains as well as rail and shipping networks used to deliver products to customers. While Centerra has taken and will continue to take measures to mitigate such risks, the global effects of COVID-19 are rapidly evolving and cannot be predicted.2020 Production, Sales and Cost Guidance Consolidated gold sales in the first half of 2020 was 420,797 ounces, slightly higher than 50% of the full year guidance of 740,000 to 820,000 ounces, consistent with the expectation that sales from the Kumtor Mine for the year would be slightly weighted to the first half of the year. In the first half of 2020, production costs per ounce of gold sold was $417 per ounce and all-in sustaining costs on a by-product basisNG was $760 per ounce sold, compared to full year guidance of $450 to $500 per ounce and $820 to $870 per ounce sold, respectively. All-in sustaining costs on a by-product basisNG in the first half of 2020 was lower than the full year guidance range, due to slightly higher Kumtor production and sales in the first half of the year, lower capitalized stripping at Kumtor, and lower sustaining capital spending in the first half of 2020.In the second half of 2020 the Company expects that Kumtor will process lower grade material than in the first half of 2020 but also expects an increase in production from the Öksüt Mine as it continues to ramp up production. Mount Milligan remains on track with gold production in the second half estimated to be slightly higher than 50% of its full year guidance and copper production estimated to be at approximately 45% of full year guidance.Centerra’s production forecast for the full year 2020 is maintained as follows: UnitsKumtorMount Milligan(1)Öksüt Centerra Gold      Unstreamed Gold Payable Production guidance(Koz)520-56091-10480-100691-764 Streamed Gold Payable Production guidance(1)(Koz)-49-56-49-56 Total Gold Payable Production guidance(2)(Koz)520-560140-16080-100740-820 First Half 2020 Gold Payable Production(Koz)3266915410        Copper      Unstreamed Copper Payable Production guidance(Mlb)-65-73-65-73 Streamed Copper Payable Production guidance(1)(Mlb)-15-17-15-17 Total Copper Payable Production guidance(3)(Mlb)-80-90-80-90 First Half 2020 Copper Payable Production(Koz)-39-39 (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 $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered. (2) Gold production assumes recoveries of 82.4% at Kumtor, 64% at Mount Milligan and approximately 60% at Öksüt. (3) Copper production assumes 81.9% recovery for copper at Mount Milligan. Centerra’s 2020 all-in sustaining costs per ounce soldNG (“AISC”) guidance calculated on a by-product basis is maintained as follows:  UnitsKumtorMount MilliganÖksütCenterra(2) All-in sustaining costs on a by-product basis guidance(1)(2)($/oz)$750-$800$885-$935$650-$700$820-$870 First half of 2020 All-in sustaining costs on a by- product basis (1)(2)($/oz)$671$798$537$760 (1) All-in sustaining costs on a by-product per ounce sold basis are non-GAAP measures and are discussed under “Non-GAAP Measures”. (2) Mount Milligan payable 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 plus taxes. Payable production for copper and gold reflects estimated metallurgical losses resulting from handling of the concentrate and payable metal deductions, subject to metal content, levied by smelters. 2020 Capital Spending Centerra’s 2020 guidance for capital spending, excluding capitalized stripping, has been revised to $192 million from the initial guidance of $169 million. Sustaining capitalNG is now estimated at $132 million compared to initial guidance of $109 million. The increase in sustaining capitalNG is related the purchase of eleven additional haul trucks at Kumtor in the second quarter of 2020. The new trucks are expected to be in operation in the fourth quarter of 2020, increasing our mining capacity in the near term, and preparing us for future growth opportunities. Capitalized stripping at Öksüt has been reduced to $8 million from the initial guidance of $21 million, reflecting lower tonnes mined in the first half of the year due to poor weather conditions and a workforce reduction as a precautionary measure due to COVID-19.Growth and sustaining capital spent in the first half of 2020 was $32.2 million and $47.5 million respectively, and capitalized stripping in the first half of 2020 was $86.7 million, all slightly below expected spending due to timing.Projected capital expenditures include: Capitalized Sustaining Growth  Projects ($ millions)StrippingCapitalCapitalTotal Kumtor Mine(1) 215 68 18 301 Mount Milligan Mine - 55 - 55 Öksüt Mine(1) 8 - 29 37 Kemess Underground Project - - 13 13 Other(2) - 9 - 9 Consolidated Total$223$132$60$415 (1) Capitalized stripping includes a cash component of $173 million (Kumtor Mine), and $8 million (Öksüt Mine). (2) Thompson Creek Mine, Endako Mine (75% ownership), Langeloth facility, and Corporate. Material Assumptions The Company has not modified the material assumptions used to set its initial 2020 guidance. The Company notes that there has been positive movement in current market prices of gold and copper, as well as diesel prices and foreign exchange rates. Those movements have been partially offset by inflationary cost pressures in both the Kyrgyz Republic and Turkey, together with the settlement of historical diesel hedges at higher rates than current market prices.Material assumptions or factors used to forecast production and costs for 2020 include the following: * a gold price of $1,350 per ounce, * a copper price of $2.60 per pound, * a molybdenum price of $10.75 per pound. * exchange rates:     º  $1USD:$1.30 Canadian dollar,     º  $1USD:69.50 Kyrgyz som,     º  $1USD:5.50 Turkish lira,     º  $1USD:0.85 Euro. * diesel fuel price assumption:     º  $0.50/litre at Kumtor,     º  $0.81/litre (CAD$1.06/litre) at Mount Milligan.Material assumptions used in forecasting production and costs for 2020 can be found under the heading “Caution Regarding Forward-Looking Information” in this document. Production, cost and capital forecasts for 2020 are forward-looking information and are based on key assumptions and subject to material risk factors that could cause actual results to differ materially and which are discussed under the heading “Risks That Can Affect Our Business” in the Company’s most recent Annual Information Form.Sensitivities Centerra’s revenues, earnings and cash flows for the second half of 2020 are sensitive to changes in certain key inputs or currencies. The Company has estimated the impact of any such changes on revenues, net earnings and cash from operations.  Impact on ($ millions)Impact on ($ per ounce sold)  Production Costs & TaxesCapital CostsFinancing CostsRevenuesCash flowsNet Earnings (after tax)AISC(2)(3) on by-product basis Gold price$50/oz2.2 -2.7-0.7 - 0.815.4 - 19.112.5 - 15.612.5 - 15.60.41 - 0.43 Copper price10%2.4 - 3.0-0.3 - 0.48.5 - 10.75.8 - 7.35.8 - 7.321.7 - 26.9 Diesel fuel(4)10%2.4- 3.0---2.4 - 3.02.4 - 3.06.5 - 8.1 Kyrgyz som(1)1 som0.8 - 1.0---0.8 - 1.00.8 - 1.02.1 - 2.6 Canadian dollar(1)(4)10 cents4.3 - 5.02.1 - 2.4--6.4 - 7.44.3 - 5.016.7 - 20.7 Turkish lira(1)1 lira2.0 - 2.50.8 - 1.1--2.8 - 3.62.0 - 2.57.8 - 9.7 (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) AISC is calculated over the second half of the year ounces sold forecast. (4) Includes the effect of hedging programs. Financial PerformanceSecond Quarter 2020 compared to Second Quarter 2019Revenue: Revenue increased to $412.7 million in the second quarter of 2020 from $340.5 million in the comparative prior year period, primarily as a result of a 31% higher average realized gold price and higher gold and copper sales.Production: Gold production in the second quarter of 2020 was 219,692 ounces compared to 199,578 ounces for the same prior year period. Gold production at Kumtor was 173,245 ounces in the second quarter of 2020, Mount Milligan produced 35,656 ounces of gold and Öksüt produced 10,791 ounces of gold. At Kumtor, the 15% increase was due to higher grades and recovery. At Mount Milligan the 27% decrease was due to lower throughput and lower grades.Copper production at Mount Milligan during the second quarter of 2020 was 19.1 million pounds, a 7% decrease from the comparative prior year period, reflecting the lower throughput and lower copper recoveries.Production costs per ounce of gold sold: Production costs per ounce of gold sold decreased in the second quarter of 2020 to $410 compared to $479 in the same period of 2019, primarily due to higher gold sales volumes at Kumtor and a favourable foreign exchange rate at Kumtor and Mount Milligan, partially offset by decreased gold sales volumes at Mount Milligan due to lower throughput. The Öksüt Mine recorded its first quarter of operation realizing production costs of $393 per ounce, after achieving commercial production on May 31, 2020.All-in Sustaining CostsNG: Centerra’s all-in sustaining costs on a by-product basis per ounce of gold soldNG, which excludes revenue-based tax and income tax, increased to $804 per ounce in the second quarter of 2020, from $716 per ounce in the same prior year period due to the purchase of 11 trucks at Kumtor to increase the mining capacity of the mine, higher capitalized stripping costs at Kumtor and lower sales volume at Mount Milligan, partially offset by higher sales volumes from Kumtor and lower production costs at both Mount Milligan and Kumtor. The Öksüt Mine had a positive impact as it recorded its first quarter of all-in sustaining costs on a by-product basis per ounce of gold soldNG at $537, post commercial production.Exploration: Exploration expenditures in the second quarter of 2020 were $6.6 million, consistent with the $6.3 million in the comparative prior year period. In both periods, exploration expenditures were mainly focused at the three operating sites.Financing costs: Financing costs in the second quarter of 2020 were $3.8 million, reflecting costs associated with the corporate $500 million revolving credit facility which was repaid in full by the end of the quarter. Financing costs of $3.7 million in the second quarter of 2019 were associated with the Öksüt project financing facility and a promissory note with Caterpillar Financial Services Limited, which were both repaid and cancelled in the first quarter 2020 and fourth quarter 2019, respectively.Corporate administration: Corporate administration costs were $25.3 million in the second quarter of 2020 compared to $13.7 million in the second quarter of 2019, mainly due to an increase in share-based compensation as a result of the increase in the Company’s share price in the second quarter of 2020.First Half 2020 compared to First Half 2019Revenue: Revenue increased to $786.7 million in the first half of 2020 from $674.5 million in the comparative prior year period, as a result of a 26% higher average realized gold price and 27% more copper pounds sold.Production: Gold production in the first half of 2020 was 410,165 ounces compared to 383,140 ounces for the same prior year period. Gold production at Kumtor was 325,551 ounces in the first half of 2020, Mount Milligan produced 69,337 ounces of gold and Öksüt produced 15,277 ounces of gold. At Kumtor the 8% increase in gold production was due to higher grades and recovery and more gold produced from carbon fines. At Mount Milligan the 15% decrease in ounces produced was due to lower grades and lower recoveries.Copper production at Mount Milligan during the first half of 2020 was 39.1 million pounds, a 23% increase from the comparative prior year period, reflecting higher throughput and higher grades.Production costs per ounce of gold sold: Production costs per ounce of gold sold decreased in the first half of 2020 to $417 compared to $468 in the same period of 2019, mainly due to higher gold sales volumes at Kumtor, a favourable foreign exchange rate at Kumtor and Mount Milligan and the addition of the Öksüt Mine. This was partially offset by lower gold sales volumes at Mount Milligan.All-in Sustaining CostsNG: Centerra’s all-in sustaining costs on a by-product basis per ounce of gold soldNG, which excludes revenue-based tax and income tax, increased to $760 per ounce in the first half of 2020, from $693 per ounce in the same prior year period, due to higher capitalized stripping costs, partially offset by higher sales volumes from Kumtor and greater copper credits at Mount Milligan.Exploration: Exploration expenditures in the first half of 2020 were $14.4 million compared to $11.3 million in the comparative prior year period. The largest contributor to the increase was additional drilling at Kumtor of $1.8 million.Financing costs: Financing costs in the first half of 2020 were $7.4 million, reflecting costs associated with the corporate $500 million revolving credit facility and Öksüt project financing facility, which was repaid in full and cancelled in the first quarter of 2020. Financing costs in the first half of 2019 were $7.7 million, reflecting costs associated with the Öksüt project financing facility and a promissory note with Caterpillar Financial Services Limited.Corporate administration: Corporate administration costs were $28.7 million in the first half of 2020 compared to $23.4 million in the first half of 2019, primarily due to an increase in share-based compensation as a result of the increase in the Company’s share price during the first half of 2020. Balance Sheet Review$ millionsAs at June 30, 2020December 31, 2019%Change Consolidated:    Cash212.242.7397% Inventories689.5774.1(11%) Current assets90.9115.9(22%) Property, plant and equipment1,706.31,669.52% Non-current assets70.499.5(29%) Total Assets2,769.32,701.73% Current liabilities252.7244.83% Non-current Debt-70.0(100%) Provision for reclamation311.3265.017% Non-current liabilities53.656.1(4%) Total Liabilities617.6635.9(3%) Total Equity2,151.72,065.84% Total Liabilities and Equity2,769.32,701.73% Cash Cash at June 30, 2020 was $212.2 million, an increase of $169.5 million from December 31, 2019 as the Company generated $245.9 million in free cash flowNG, released $25 million of restricted cash after repaying and cancelling the Öksüt project financing facility and repaid the outstanding balance on Company’s corporate $500 million revolving credit facility in full.Inventory Total inventory as at June 30, 2020 was $689.5 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 $459.1 million and supplies inventory of $230.4 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 a drawdown of the ore stockpiles at Kumtor.As at June 30, 2020, the inventory balance consisted of 742,536 contained gold ounces on surface at Kumtor, of which roughly 42% is expected to be processed in the remainder of 2020, 85,800 contained gold ounces and 19.7 million contained pounds of copper in stockpiles at Mount Milligan, of which roughly 20% is expected to be processed in the remainder of 2020 and 28,683 contained ounces at Öksüt, of which roughly 100% is expected to be processed in the remainder of 2020.Property, Plant and Equipment The book value of property, plant and equipment as at June 30, 2020 was $1.71 billion, which compares to $1.67 billion as at December 31, 2019. The increase in the first half of 2020 of was mainly due to $171.9 million of additions to property, plant and equipment which was primarily related to stripping costs at Kumtor.Asset Retirement Obligations The asset retirement obligations of $311.3 million as at June 30, 2020, increased from $265.0 million as at December 31, 2019, primarily due to a reduction in the discount rates used to calculate the present value of reclamation costs at the Company’s various sites.In 1998, a reclamation trust fund was established to cover the future costs of reclamation, net of salvage values at the Kumtor Gold Mine. As at June 30, 2020, this fund had a balance of $47 million.Debt Total bank debt as at June 30, 2020 was nil compared to $70.0 million as at December 31, 2019. The Company’s corporate $500 million revolving credit facility was undrawn as at June 30, 2020 and December 31, 2019.In the first half of 2020, the Company repaid the outstanding balance of $77.5 million on the Öksüt project financing facility and subsequently cancelled the facility. This resulted in the release of $25 million in restricted cash.Liquidity The Company believes its cash on hand, cash flow from the Company’s Kumtor, Mount Milligan and Öksüt operations and available capacity in its existing corporate $500 million revolving credit facility will be sufficient to satisfy working capital needs, fund its development activities and meet other liquidity requirements through to the end of 2020. See “Caution Regarding Forward-Looking Information”.Cash Flow ReviewCash provided by operating activities Cash provided by operations increased by 195% in the second quarter of 2020, compared to the second quarter of 2019 as a result of higher revenue and an increase in cash generated from lower working capital levels.Cash provided by operations increased by 86% in the first half of 2020, compared to the first half of 2019 as a result of higher revenue and an increase in cash generated from lower working capital levels.Cash used in investing activities Cash used in investing activities increased by 58%  in the second quarter 2020, compared to the second quarter 2019, primarily due to the increase in capitalized stripping at Kumtor.Cash used in investing activities decreased by 4%  in the first half of 2020, compared to the first half of 2019, primarily due to the release of restricted cash upon repayment and cancellation of the Öksüt project financing facility in the first quarter of 2020.Cash used in financing activities Cash used in financing activities increased by 117% in the second quarter of 2020 when compared to the second quarter of 2019. The increase was mainly due to the repayment of the Company’s revolving credit facility on June 30, 2020 and dividends paid during the second quarter of 2020.Cash used in financing activities increased by 4% in the first half of 2020 when compared to the first half of 2019. The increase was primarily due the dividends paid in the first half of 2020, partially offset by higher repayments on the Company’s revolving credit facility in the first half of 2019.Market ConditionsGold Price During the second quarter of 2020, the spot gold price fluctuated between a low of $1,592 per ounce and a high of $1,781 per ounce. The average spot gold price for the second quarter of 2020 was $1,714 per ounce, an increase of 31% from the comparative prior year period of $1,309 per ounce.The average spot gold price in the first half of 2020 was $1,648 per ounce, an increase of 26% from the comparative prior year period of $1,306 per ounce.Copper Price The average spot copper price in the second quarter of 2020 was $2.42 per pound, a 13% decrease compared to the comparative prior year period of $2.78 per pound.The average spot copper price in the first half of 2020 was $2.50 per pound, a 10% decrease compared to the comparative prior year period of $2.79 per pound.Molybdenum Price The average molybdenum price in the second quarter of 2020 was $8.30 per pound, a decrease of 32% from the comparative prior year period of $12.18 per pound.The average molybdenum price in the first half of 2020 was $9.02 per pound, a decrease of 25% from the comparative prior year period of $11.98 per pound.Foreign Exchange The 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.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/408b4c76-c33d-4c67-ac1f-5f08c768996cUSD to CAD During the second quarter of 2020, the spot price of the exchange rate of the U.S dollar to the Canadian dollar fluctuated between a low of 1.34 and a high of 1.42. The average U.S. dollar to Canadian dollar exchange rate for the second quarter of 2020 was 1.39, which was weaker by 4% when compared with the first quarter of 2020 and the second quarter of 2019, both at 1.34.The average U.S. dollar to Canadian dollar exchange rate for the first half of 2020 was 1.36, which was weaker by 2% when compared with the first half of 2019 of 1.33.The Canadian dollar as at June 30, 2020 was 1.36, 5% weaker than its value as at December 31, 2019 of 1.30.In the second quarter and first half of 2020, Centerra’s Canadian dollar hedging program resulted in a $2.1 million realized loss and $3.4 million realized loss, respectively, compared to nil for both the second quarter and first half of 2019. As at June 30, 2020, the Company has hedged 73% of the estimated Canadian dollar exposure for 2020, using zero cost collars and forwards, 65% of the estimated 2021 exposure and 43% for the first six months of 2022.USD to Kyrgyz Som During the second quarter of 2020, the spot price of the U.S. dollar to Kyrgyz som exchange rate fluctuated from 73.5 to 84.9. The average U.S. dollar to Kyrgyz som for the second quarter of 2020 was 77.4, which was weaker by 9% when compared with the first quarter of 2020 of 71.2 and weaker by 11% when compared to the second quarter of 2019 of 69.8.The average U.S. dollar to Kyrgyz som for the first half of 2020 was 74.3, which was weaker by 6% when compared with the first half of 2019 of 69.8.The Kyrgyz som as at June 30, 2020 was 76.0, 9% weaker than its value as at December 31, 2019 of 69.6 with inflation approximately 4% during the first half of 2020.USD to Turkish Lira The average U.S. dollar to Turkish lira exchange rate for the second quarter of 2020 was 6.9, ranging from 6.6 to 7.2 during the quarter, which was weaker by 13% when compared to the first quarter of 2020 of 6.1 and 17% when compared to the average of the second quarter of 2019 of 5.9. The Turkish lira as at June 30, 2020 was 6.9, 15% weaker than its value as at December 31, 2019 of 6.0, with inflation approximately 6% during the first half of 2020.Diesel Fuel Prices Fuel costs represent a significant cost component for Centerra’s mining operations, representing 11% of production costs. Prices for Kumtor diesel fuel in the second quarter and first half of 2020 generally reflected the price movements of Brent crude oil. The average purchase price for diesel fuel for Kumtor in the second quarter and first half of 2020 was $0.31/litre and $0.39/litre, respectively, compared to $0.50/litre and $0.51/litre in the second quarter and second half of 2019, respectively. 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.According to the U.S. Energy Information Administration, the Brent crude oil price averaged $30/bbl. and $40/bbl. in the second quarter and first half of 2020, respectively, compared to $69/bbl. and $66/bbl. in the second quarter and first half of 2019, respectively. As at June 30, 2020 the closing Brent spot price was $42/bbl., $26/bbl. lower than the price at December 31, 2019 of $68 /bbl.The Company utilizes its diesel hedging program in order to manage its exposure to adverse fluctuations in diesel fuel prices, see “Financial Instruments”. In the second quarter of 2020, Centerra’s diesel hedging program resulted in a $0.9 million realized loss compared to a $0.5 million realized gain in the second quarter of 2019. In the first half of 2020, Centerra’s diesel hedging program resulted in a $2.1 million realized loss compared to a $0.6 million realized gain in the first half of 2019. As at June 30, 2020, the Company has hedged 80% of the Company’s estimated diesel fuel exposure for the remainder of 2020 using zero cost collars and swaps, 54% of the 2021 estimated exposure and 24% for the first six months of 2022.Financial InstrumentsThe Company seeks to manage its exposure to fluctuations in diesel fuel prices, commodity prices and foreign exchange rates by entering into derivative financial instruments from time-to-time.The hedge positions for each of these programs as at June 30, 2020 are summarized as follows:      Settlements As at June 30, 2020 ProgramInstrumentUnitAverage strike priceType202020212022Total position (4)Fair value($'000's)            FX Hedges           USD/CAD zero-cost collars(3)CAD1.33/1.39Fixed96.0 million184.8 million90.0 million 370.8 million(788)  USD/CAD forward contracts(2)CAD1.39Fixed90.0 million96.0 million- 186.0 million2,843            Fuel Hedges           Brent Crude Oil zero-cost collars(1)Barrels$49/$56Fixed98,79074,59245,000218,382(1,762)  Brent Crude Oil swap contracts(2)Barrels$41Fixed16,000203,9256,000225,925235  ULSD zero-cost collars(1)Barrels$67/$76Fixed146,44042,11660,000248,556(3,740)  ULSD swap contracts(2)Barrels$52Fixed66,000213,2556,000285,255322            Gold/Copper Hedges (Royal Gold deliverables):        Gold forward contracts(2)OuncesN/A(4)Float17,004--17,0041,640  Copper forward contracts(2)PoundsN/A(4)Float 4.9 million-- 4.9 million1,370 (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 it is financially settled. (2) Under the swap and forward contracts, the Company ‘buy’ and ‘sell’ metals, currencies and commodities, at a specified price at a certain future date. The Company retains the right for these contracts to be cash or physically settled. (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 buy 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. Centerra does not enter into off-balance sheet arrangements with special purpose entities in the normal course of its business, nor does it have any unconsolidated affiliates. Operating Mines and FacilitiesKumtor Mine The 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 13.0 million ounces of gold to June 30, 2020.An updated Kumtor technical report for the Kumtor Mine is expected to be completed in the fall of 2020.During the second quarter, the final waste rock dump design was completed and submitted for Government approval to re-utilize the Lysii Valley for the placement of 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 CB20. Permitting to utilize the Lysii Valley was received on July 24 therefore in the 3rd quarter mine waste tonnage movement is expected to increase to planned levels. COVID-19 update Kumtor continues to implement mitigation controls and health & safety precautions at the mine site to contain the spread of COVID-19. While Kumtor’s operations in the second quarter were not affected, the Company has begun to notice an effect on the availability of Kumtor’s workforce due to a greater rate of COVID-19 infections and other illnesses in the Kyrgyz Republic. As a result, open pit mining operations have been running below full capacity in July, though mill processing operations continue to work at full capacity and are expected to maintain gold production by processing stockpiles as planned for the year. The Company will continue to adjust its plans as necessary to ensure the safety of Kumtor’s personnel and local communities.As Kumtor is an isolated mine site with an on-site camp, all employees and contractors are required to undergo comprehensive testing and remain in an offsite quarantine facility prior to traveling to the mine site. As of July 21, 2020, 381 employees and contractors have tested positive for COVID-19, representing approximately 4.3% of 8,837 tests performed on the Kumtor workforce. However, due to Kumtor’s strict quarantine and testing protocols none of the employees or contractors who tested positive for COVID-19 entered the mine site. To the best of the Company’s knowledge, the Kumtor mine site has remained COVID-19 free.Kumtor Operating ResultsUnaudited ($ millions, except as noted)Three months ended June 30, Six months ended June 30, Financial Highlights: 2020  2019 % Change  2020  2019 % Change  Revenue$286.4 $197.7 45% $535.3 $392.6 36%  Production costs 54.7  60.3 (9%)  106.2  114.3 (7%)  Depreciation, depletion and amortization 64.9  43.6 49%  118.5  84.6 40%  Earnings from mine operations$166.8 $93.8 78% $303.9 $193.7 57%              Cash provided by mine operations 220.4  92.7 138%  354.8  212.7 67%  Cash provided by mine operations before changes in working capital 187.0  105.9 77%  329.7  215.7 53%  Free cash flow (1) 156.9  65.3 140%  252.6  156.7 61%              Operating Highlights:                       Tonnes mined (000's) 23,077  39,949 (42%)  43,075  89,143 (52%)  Tonnes ore mined (000's) 14  2,630 (99%)  585  4,507 (87%)  Average mining grade (g/t) 1.66  1.45 14%  7.71  1.74 344%  Tonnes processed (000's) 1,568  1,575 (0%)  3,170  3,151 1%  Average process plant head grade (g/t) 3.95  3.48 14%  3.74  3.60 4%  Process plant Recovery (%) 84.1%  82.3% 2%  83.9%  82.1% 2%  Mining costs - total ($/t mined material) 1.64  1.32 24%  1.70  1.16 46%  Processing costs ($/t milled material) 11.17  11.51 (3%)  11.03  11.22 (2%)              Gold produced (ounces) 173,245  151,065 15%  325,551  301,373 8%  Gold sold (ounces) 170,350  153,307 11%  330,440  303,574 9%  Average realized gold price ($/oz sold) (1) 1,681  1,290 30%  1,620  1,293 25%  Capital Expenditures - sustaining 24.5  11.3 117%  33.0  20.3 63%  Capital Expenditures - growth 3.3  4.5 (27%)  4.0  6.5 (38%)  Capital Expenditures - stripping - cash 35.0  12.1 190%  65.0  29.4 121%  Capital Expenditures - stripping - non-cash 10.6  3.5 204%  20.6  9.0 128%  Capital Expenditures - total 73.5  31.4 134%  122.5  65.2 88%              Unit Costs:           Production costs per ounce of gold sold$321 $393 (18%) $321 $376 (15%)  Gold - All-in sustaining costs on a by-product basis ($/oz sold) (1)$696 $562 24% $671 $557 20%  Gold - All-in sustaining costs on a by-product basis - including taxes ($/oz sold) (1)$933 $744 25% $900 $739 22%  (1) Non-GAAP measure. See discussion under “Non-GAAP Measures” Second Quarter 2020 compared to Second Quarter 2019 For the three months ended June 30, 2020, Kumtor recorded an increase in revenue and earnings from mine operations of 45% and 78%, respectively, when compared to the same prior year periods. The increase in the second quarter of 2020 was primarily due to 30% higher average realized gold price and 11% more ounces sold compared to the second quarter of 2019.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8bda1de8-c9af-4cf3-ae7c-337cf5530090Cash provided by mine operations in the second quarter of 2020 was $220.4 million, $127.7 million more than the same prior year period. The increase was primarily as a result of higher realized gold price, the 14% increase in gold head grade processed in the quarter together with associated higher recoveries, an increase in the collection of account receivable and a larger reduction in Product Inventory, partially offset by an increase in revenue-based tax payments. Free cash flowNG in the second quarter of 2020 was $156.9 million compared to $65.3 million in the second quarter of 2019, the increase was due to an increase in cash provided by mine operations, partially offset by the procurement of long-lead items for the potential expansion of the Kumtor Mine, and higher capitalized stripping costs.During the second quarter of 2020, Kumtor continued stripping and managing the ice from cut-back 20. Tonnes mined were 23.1 million compared to 39.9 million tonnes in the comparative prior year period, representing a decrease of 42%, mainly due to longer haulage distances as a result of the change in waste rock dump location from the Lysii Valley to the Central Valley and lower equipment utilization due to reduced workforce availability. The 23.1 million tonnes mined in the second quarter of 2020 were capitalized as waste stripping for the benefit of future production from cut-back 20.Mining costs per tonne were $1.64 in the second quarter of 2020 compared to $1.32 in the second quarter of 2019. Higher mining costs per tonne were primarily attributable to lower tonnes mined, partially offset by lower diesel fuel prices and a favourable foreign exchange rate movement. Of the $37.9 million in mining costs, $35.0 million was capitalized in the second quarter of 2020 (all mining costs other than those relating to re-handling), compared to $12.1 million in the second quarter of 2019.In the second quarter of 2020, Kumtor produced 173,245 ounces of gold from previously mined on-surface stockpiled ore, compared to 151,065 ounces of gold in the same prior year period. The increase in the current quarter was primarily due to higher mill head grade and higher gold recovery. During the second quarter of 2020, Kumtor’s average process plant head grade was 3.95 g/t with a recovery of 84.1% compared to 3.48 g/t and a recovery of 82.3% in the second quarter of 2019.Processing costs per tonne were $11.17 in the second quarter of 2020 compared to $11.51 in the same prior year period, primarily due to a favourable foreign exchange rate movement, lower electricity and contractor costs. This was partially offset by higher costs of the contractor processing the carbon fines due to an increase in contract rates.Kumtor’s production costs per ounce of gold sold were $321 for the second quarter of 2020, compared to $393 in the second quarter of 2019. The decrease was primarily due to an increase in ounces sold.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c634e568-af08-4cef-bdc8-e03195dcf1f2Kumtor’s all-in sustaining costs on a by-product basis per ounce soldNG, which excludes revenue-based tax, were $696 per ounce in the second quarter of 2020 compared to $562 per ounce in the same prior year period. The increase was mainly due to greater capitalized stripping costs as mining activities were concentrated on stripping cut-back 20 and the purchases of eleven trucks to increase the mining capacity of the mine and positions Kumtor to take advantage of future expansion of the mine. This was partially offset by higher ounces sold, lower production costs and lower sustaining capital costs.Including revenue-based taxes, all-in sustaining costs on a by-product basis per ounce soldNG were $933 per ounce in the second quarter of 2020 compared to $744 per ounce in the same prior year period.First Half 2020 compared to First Half 2019For the six months ended June 30 2020, Kumtor recorded an increase in revenue and earnings from mine operations of 36% and 57%, respectively, when compared to the same prior year period. The increase was primarily due to 25% higher average realized gold price and 9% more ounces sold in the first half of 2020 compared to the first half of 2019.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/675a5b85-9c7c-420d-97cb-0b226f4d4f25Cash provided by mine operations in the first half of 2020 was $354.8 million compared to $212.7 million in the same prior year period due to greater earnings from mine operations and an increase in cash generated from reduced working capital levels, primarily as a result of the greater draw down in inventory in the first half of 2020. Free cash flowNG, which takes into account increases in property, plant and equipment, in the first half of 2020 was $252.6 million compared to $156.7 million in the first half of 2019. The increase was due to an increase in cash provided by mine operations, partially offset by higher capitalized expenditures and higher capitalized stripping costs.During the first half of 2020, mining operations restarted in January following the Lysii waste rock dump incident, Kumtor finished mining cut-back 19 West and the SB Zone and continued stripping and managing the ice from cut-back 20. Tonnes mined were 43.1 million compared to 89.1 million tonnes in the comparative prior year period, mainly 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 and lower equipment utilization due to workforce availability. Of the 43.1 million tonnes mined in the first half of 2020, 41.1 million tonnes were capitalized as waste stripping for future production from cut-back 20.Mining costs per tonne were $1.70 in the first half of 2020 compared to $1.16 in the first half of 2019. Increased mining costs per tonne were primarily attributable to lower tonnes mined, the effects of which were partially offset by lower diesel fuel prices and a favourable foreign exchange rate movement. Of the $73.3 million in mining costs, $65.0 million was capitalized in the first half of 2020, compared to $29.4 million in the first half of 2019.In the first half of 2020, Kumtor produced 325,551 ounces of gold from previously mined on-surface stockpiled ore, compared to 301,373 ounces of gold in the same prior year period. The increase was primarily due to higher mill head grade, higher gold recovery and more gold produced from carbon fines. During the first half of 2020, Kumtor’s average process plant head grade was 3.74 g/t with a recovery of 83.9% compared to 3.60 g/t and a recovery of 82.1% in the first half of 2019.Processing costs per tonne were $11.03 in the first half of 2020 compared to $11.22 in the prior year period, primarily due to a favourable foreign exchange rate movement and lower consumables costs as a result of processing low oxidized ore. This was partially offset by increased costs associated with increased carbon fines production.Kumtor’s production costs per ounce of gold sold were $321 for the first half of 2020, compared to $376 in the first half of 2019. The decrease was primarily due to an increase in ounces sold.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f76cac96-1385-4713-85d3-7eb42b339812Kumtor’s all-in sustaining costs on a by-product basis per ounce soldNG, which excludes revenue-based tax, were $671 per ounce in the first half of 2020 compared to $557 per ounce in the same prior year period. The increase was mainly due to higher capitalized stripping costs, the purchase of eleven trucks to increase the mining capacity of the mine and contributions to the Kyrgyz Republic Regional Fund. This was partially offset by an increase in ounces sold and lower processing costs per tonne.Including revenue-based taxes, all-in sustaining costs on a by-product basis per ounce soldNG were $900 per ounce in the first half of 2020 compared to $739 per ounce in the same prior year period.Mount Milligan Mine The 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”).Water Update Stored water inventory at Mount Milligan, which is critical to the ability to process ore through the mill on a sustainable basis,  was in excess of 6 million cubic metres as at June 30, 2020.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d9b1618b-1be8-4096-88b8-73f0a38c8845Spring water pumping began in April. Substantial snowpack and a wet spring have led to volumes pumped as of the end of June that exceeded those of the entire 2019 pumping season. In addition, during the second quarter of 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 (TSF). Exploration activities with focus on extending the groundwater capacity in the vicinity of the existing infrastructure continued in the second quarter of 2020 and will continue for the remainder of 2020.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. COVID-19 The temporary workforce reduction at Mount Milligan in April 2020 resulted in process plant throughput that averaged approximately 60% during the reduction period. During April, the process plant was subsequently shut down for eleven days to perform routine maintenance and reline the SAG Mill, and mining was suspended with stockpiled ore used to feed the plant upon restart. Workforce numbers returned to normal over the month of May resulting in mining and plant tonnages returning to planned levels. One case of COVID-19 was confirmed onsite in May 2020, the person was isolated and removed from site, however none of the employee’s co-workers tested positive and the site remained COVID-free. The site has taken many precautionary steps to avoid the spread of COVID-19 and has passed three inspections by regulators.Mount Milligan Operating ResultsUnaudited ($ millions, except as noted)Three months ended June 30,Six months ended June 30, Financial Highlights: 2020  2019 % Change 2020  2019 % Change Gold sales 45.3  47.6 (5%)  94.3  93.9 0%  Copper sales 39.8  36.4 9%  72.7  67.5 8%  Total Revenues$85.1 $84.0 1% $167.0 $161.4 3%              Production costs 53.0  65.6 (19%)  113.6  122.1 (7%)  Depreciation, depletion and amortization 18.0  14.0 28%  36.0  26.3 37%  Earnings from mine operations$14.1 $4.2 236% $17.4 $13.0 34%              Cash provided by mine operations 41.6  24.2 72%  68.8  36.6 88%  Cash provided by mine operations before changes in working capital 29.1  11.3 158%  41.1  27.8 48%  Free cash flow(1) 34.4  16.7 106%  56.4  18.4 207%              Operating Highlights:           Tonnes mined (000's) 8,109  9,947 (18%)  18,998  19,252 (1%)  Tonnes ore mined (000's) 4,140  4,426 (6%)  8,829  6,976 27%              Tonnes milled (000's) 4,373  4,874 (10%)  9,244  7,304 27%  Process plant Head Grade Copper (%) 0.26%  0.24% 6%  0.26%  0.25% 2%  Process plant Head Grade Gold (g/t) 0.39  0.48 (19%)  0.38  0.53 (28%)  Copper Recovery (%) 80.8%  82.3% (2%)  78.0%  82.3% (5%)  Gold Recovery (%) 66.5%  66.0% 1%  63.1%  67.6% (7%)  Mining costs - total ($/t mined material) 1.72  2.23 (23%)  1.74  2.15 (19%)  Processing plant costs - total ($/t milled material) 5.66  6.84 (17%)  5.27  7.92 (33%)  Concentrate Produced (dmt) 41,242  43,847 (6%)  86,329  69,658 24%  Payable Gold Produced (oz) (2) 35,656  48,513 (27%)  69,337  81,767 (15%)  Payable Copper Produced (000's lbs) (2) 19,064  20,397 (7%)  39,136  31,837 23%              Gold Sales (payable oz) (2) 35,001  44,980 (22%)  75,354  91,164 (17%)  Copper Sales (000's payable lbs) (2) 19,352  18,700 3%  39,776  31,222 27%  Average Realized Price - Gold - combined ($/oz ) (1)(2) 1,295  1,058 22%  1,252  1,031 21%  Average Realized Price - Copper - combined ($/lb) (1)(2) 2.06  1.95 6%  1.83  2.16 (15%)              Capital Expenditures - sustaining (1) 7.1  8.9 (19%)  12.4  19.6 (37%)              Unit Costs:           Production costs per ounce of gold sold$849 $771 10% $837 $773 8%  Gold - All-in Sustaining costs on a by-product basis ($/oz sold) (1)$679 $938 (28%) $798 $889 (10%)  Gold - All-in Sustaining costs on a by-product basis - including taxes ($/oz sold) (1)$716 $958 (25%) $827 $908 (9%)  Gold - All-in Sustaining costs on a co-product basis ($/oz sold) (1)$1,020 $925 10% $967 $942 3%  Production costs per pound of copper sold$1.20 $1.65 (27%) $1.27 $1.65 (23%)  Copper - All-in Sustaining costs on a co-product basis ($/lb sold) (1)$1.44 $1.97 (27%) $1.46 $2.01 (27%)  (1) Non-GAAP measure. See discussion under “Non-GAAP Measures” (2) Mount Milligan payable production and sales are presented on a 100% basis. Under the Mount Milligan Streaming Arrangement, Royal Gold is entitled to 35% of payable Gold ounces and 18.75% of payable copper. Royal Gold pays $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered. Second Quarter 2020 compared to Second Quarter 2019 Mount Milligan’s earnings from mine operations was $14.1 million in the second quarter of 2020 compared to $4.2 million in the same prior year period. The increase was primarily due to lower operating expenses, higher gold prices and higher copper revenue, partially offset by an increase in depreciation due to the revised mine life. The increase in copper revenues was due to a 3% increase in copper pounds sold and 6% increase in average realized copper price, while a decrease in gold revenue was due to a 22% decrease in gold ounces sold, partially offset by a 22% higher average realized gold price.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/074d5825-7eab-474b-a77e-e90c9fa372b4Cash provided by mine operations was $41.6 million in the second quarter of 2020, $17.4 million higher than the second quarter of 2019 due primarily to lower production costs, higher copper revenue and an increase in accounts payable, partially offset by slightly lower gold revenue. Free cash flowNG in the second quarter of 2020 was $34.4 million compared to a free cash flowNG of $16.7 million in the second quarter of 2019, the increase was due to an increase in cash provided by mine operations and a decrease in water infrastructure development costs.During the second quarter of 2020, mining activities were in phases 4, 5 and 8 of the open pit. Total tonnes mined in the second quarter of 2020 was 8.1 million tonnes and total material moved was 9.0 million tonnes. In the comparative quarter of 2019, total tonnes mined was 9.9 million tonnes and total material moved was 10.8 million tonnes. The lower tonnes mined in the second quarter of 2020 was due to the temporary 4-week partial shutdown of the mining operations to mitigate the risk of COVID-19.Mining costs per tonne were $1.72 in the second quarter of 2020 compared to $2.23 in the second quarter of 2019, due to decreased diesel fuel prices, decreased labour costs as a result of COVID-19 controls, a favourable foreign exchange rate and the deferral of certain mining fleet repairs. This was partially offset by a shortfall in tonnage due to the slowdown in operations because of COVID-19 measures and increased consulting cost associated with the delivery of equipment efficiency improvements and tailings facility engineering support.Total mill throughput was 4.4 million tonnes, averaging 48,056 tonnes per calendar day in the second quarter of 2020 compared to 4.9 million tonnes, averaging 53,559 tonnes per calendar day in the same prior year period. Lower throughput was a result of a planned shutdown deferred from the first quarter and unplanned crusher maintenance in the second quarter of 2020.Gold production in the second quarter of 2020 was 35,656 ounces compared to 48,513 ounces in the comparative prior year period due to lower throughput and lower grades. During the second quarter of 2020, Mount Milligan’s average process plant head grade was 0.39 g/t compared to 0.48 g/t in the second quarter of 2019. Total copper production was 19.1 million pounds in the second quarter of 2020 compared to 20.4 million pounds in the comparative prior year period, due to lower throughput and lower recoveries, partially offset by higher grades.Processing costs per tonne were $5.66 in the second quarter of 2020 compared to $6.84 per tonne in the same prior year period due to decreased water sourcing activities, decreased mill consumables cost due to lower throughput, decreased maintenance cost, decreased labour cost because of the COVID-19 measures and a favourable foreign exchange rate. This was partially offset by lower throughput and costs associated with the mill relining.Production costs per ounce of gold sold in the second quarter of 2020 were $849 compared to $771 in the same quarter of 2019 due to lower gold ounces sold, partially offset by lower costs.Production costs per pound of copper sold in the second quarter of 2020 were $1.20 compared to $1.65 in the same quarter of 2019, primarily as a result of greater copper pounds sold and lower production costs.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/48d3b4c0-75ce-4b41-a8b9-618efa6a9807Mount Milligan’s all-in sustaining costs on a by-product basis per ounce soldNG, which excludes taxes, were $679 per ounce for the second quarter of 2020 compared to $938 per ounce in the same prior year period. The decrease was primarily due to lower production costs, greater copper revenue credits and lower sustaining capital, partially offset by lower gold ounces produced and sold.Including income taxes, all-in sustaining costs on a by-product basis per ounce soldNG were $716 per ounce in the second quarter of 2020 compared to $958 per ounce in the same period of 2019.First Half 2020 compared to First Half 2019Mount Milligan’s earnings from mine operations was $17.4 million in the first half of 2020 compared to $13.0 million in the same prior year period. The increase was due to greater revenues as a result of increased copper pounds sold and lower production costs. This was partially offset by higher depreciation. Copper sales were 27% higher than the same prior year period, partially offset by a 15% lower average realized copper price. Gold sales volume was 17%  lower than the same prior year period, which was offset by a 21% higher average realized gold price.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/79e8089c-d656-4383-9809-0a5d28fd0002Cash provided by mine operations in the first half of 2020 was $68.8 million, 88% higher than the first half of 2019, due to lower production costs, lower inventory levels and increased copper sales volume, partially offset by decreased copper price. The increase in realized gold prices were offset by a lower gold sales volume in the first half of 2020. Free cash flowNG in the first half of 2020 was $56.4 million compared to a free cash flow of $18.4 million in the first half of 2019; the increase was due to an increase in cash provided by mine operations and a decrease in sustaining capital, as a result of the deferral of major rebuilds and infrastructure development projects.During the first half of 2020, mining activities were in phases 3, 4 and 8 of the open pit. Total tonnes mined in the first half of 2020 was 19.0 million tonnes and total material moved was 20.7 million tonnes. In the comparative half of 2019, total tonnes mined was 19.3 million tonnes and total material moved was 20.6 million tonnes.Mining costs per tonne were $1.74 in the first half of 2020 compared to $2.15 in the first half of 2019. The decrease was due to lower diesel prices, decreased labour costs as a result of a favourable foreign exchange rates and the deferral of certain mining fleet repairs.Total mill throughput was 9.2 million tonnes, averaging 50,791 tonnes per calendar day in the first half of 2020 compared to 7.3 million tonnes, averaging 40,354 tonnes per calendar day in the same prior year period. The increase in throughput is primarily related to the increased availability of water, and continuous improvement of our operations. In the first six months of 2020, Mount Milligan recorded its highest level of concentrate tonnes shipped since the start of operations in 2014.Gold production in the first half of 2020 was 69,337 ounces compared to 81,767 ounces in the comparative prior year period due to lower grades and recoveries. During the first half of 2020, Mount Milligan’s average process plant gold head grade was 0.38 g/t with a recovery of 63% compared to 0.53g/t with a recovery of 68% in the first half of 2019. Total copper production was 39.1 million pounds in the first half of 2020 compared to 31.8 million pounds in the comparative prior year period, primarily due to higher throughput and higher copper grades.Processing costs per tonne were $5.27 in the first half of 2020 compared to $7.92 per tonne in the same prior year period. The decrease on a per tonne basis was due to higher throughput, decreased maintenance costs, decreased water sourcing costs, lower electricity costs as a result of lower prices and consumption, and decreased labour cost as a result of favorable foreign exchange rate. This was partially offset by higher mill consumables costs due to higher throughput and higher consulting cost associated with the mill relining.Production costs per ounce of gold sold in the first half of 2020 were $837 compared to $773 in the same half of 2019, mainly as a result of lower gold sales, due to lower grades and recoveries, offset by lower production costs.Production costs per pound of copper sold in the first half of 2020 were $1.27 compared to $1.65 in the same half of 2019, primarily as a result of higher copper sales and lower production costs.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1361d477-b5e9-4fd2-8613-3f051a6744d2Mount Milligan’s all-in sustaining costs on a by-product basis per ounce soldNG, which excludes taxes, were $798 per ounce for the first half of 2020 compared to $889 per ounce in the same prior year period. The decrease was primarily due to a decrease in production costs, increased copper revenue credits due to  more pounds sold and lower sustaining capital as a result of the deferral of major rebuilds and infrastructure development projects. This was partially offset by lower gold sold due to lower production.Including income taxes, all-in sustaining costs on a by-product basis per ounce soldNG were $827 per ounce in the first half of 2020 compared to $908 per ounce in the same period of 2019.Öksüt Mine The Öksüt Mine is situated in Turkey approximately 300 kilometres southeast of Ankara and 48 kilometres south of Kayseri, the provincial capital. The nearest administrative centre is at Develi (population 64,000) located approximately 10 kilometres north of the mine site.The Öksüt Mine achieved first gold pour on January 31, 2020 and achieved commercial production on May 31, 2020. Commercial production was declared after the operation completed its testing phase and was operating in the manner intended by management. Up to the point of achieving commercial production, gold revenue and the associated costs of production were capitalized. COVID-19 On March 31, 2020, in response to Turkish government initiatives aimed to reducing the spread of COVID-19, the Öksüt Mine undertook a significant reduction of workforce and operations for a two-week period. The reduction resulted in a suspension of open pit mining activities, though ore continued to be placed on the heap leach pad from stockpiles, irrigation continued, and the ADR plant continued to operate, all of which limited the impact on production. Öksüt returned to normal operations on April 18, 2020.In May 2020, one of the mine’s contractors tested positive for COVID-19, however the impact was limited and none of Öksüt’s other contractors or employees tested positive. The mine has taken a number of precautionary steps to avoid the spread of COVID-19 and the site remained, to the best of the Company’s knowledge, COVID-19 free.Öksüt Mine ($ millions, except as noted)Three months ended June 30,Six months ended June 30, 2020 2020 Financial Highlights:     Revenue$14.6$14.6       Production costs 3.3 3.3 Depreciation, depletion and amortization 0.6 0.6 Earnings from mine operations$10.7$10.7       Cash provided by mine operations 13.5 13.5 Cash provided by mine operations before changes in working capital 11.2 11.2 Free cash flow (deficit) (1) 5.0 (15.4)       Operating Highlights:     Tonnes mined (000's) 3,448 6,323 Tonnes ore mined (000's) 496 1,067 Ore mined - grade (g/t) 0.99 0.94 Ore crushed (000's) 960 1,363 Tonnes stacked (000's) 877 1,179 Heap leach grade (g/t) 0.81 0.87 Heap leach contained ounces stacked 22,752 32,944 Mining costs ($/t mined material) 2.29 2.31 Processing costs ($/t processed material) 2.54 3.15       Gold produced (ounces) 10,791 15,277 Gold sold (ounces) (2) 12,188 15,003 Average realized gold price ($/oz sold) (1) 1,745 1,745       Capital Expenditures - sustaining - - Capital Expenditures - growth - cash 4.1 17.6 Capital Expenditures - stripping - cash (3)(4) 1.1 1.1 Capital Expenditures - total 5.2 18.7       Unit Costs:     Production costs per ounce of gold sold$393$393 Gold - All-in sustaining costs on a by-product basis ($/oz sold) (1)(3)$537$537 Gold - All-in sustaining costs on a by-product basis - including taxes ($/oz sold) (1)(3)$537$537 (1) Non-GAAP measure. See discussion under “Non-GAAP Measures”. (2) Includes 3,839 ounces sold pre-commercial production and 8,349 ounces sold post commercial production. (3) Calculated starting from June 1, 2020, after Öksüt achieved commercial production on May 31, 2020. (4) Excludes $6.5 million of capitalized stripping pre-commercial production. Second Quarter 2020 Earnings from mine operations were $10.7 million in the second quarter of 2020. Total ounces sold in the second quarter of 2020 was 12,188 ounces, including 8,349 ounces while in commercial production, resulting in revenue recognized of $14.6 million for the quarter. The sale of gold was recorded as revenue starting on June 1, 2020, after Öksüt achieved commercial production on May 31, 2020: previously, gold sales during the ramp-up of operations were offset against construction costs.Cash provided by mine operations was $13.5 million and free cash flowNG was $5.0 million in the second quarter of 2020.Mining in the second quarter of 2020 was focused on the development of phase 3 of the Keltepe pit, with total tonnes mined of 3.4 million tonnes, including 0.5 million tonnes of ore at an average gold grade of 0.99 g/t. Mining and crushing costs were $2.29 per tonne in the second quarter of 2020.Processing in the second quarter of 2020 was focused on the preparation, stacking and irrigation of the heap leach pad. By the end of the quarter, all of phase 1A and half of phase 1B of the heap leach pad were completed and operational. At the end of June 2020, 1.2 million tonnes of ore averaging 0.91 g/t gold had been placed onto the heap leach pad and was under leach. Processing costs were $2.54 per tonne in the second quarter of 2020. Öksüt produced 10,791 ounces of gold in the second quarter of 2020, which included 5,619 ounces while in commercial production. All-in sustaining costs on a by-product basis per ounce soldNG, which excludes taxes, were $537 per ounce for the second quarter of 2020, calculated from the start of commercial production.During the second quarter of 2020, the Company spent $4.1 million on construction and development activities at Öksüt compared to $19.6 million in the second quarter of 2019.First half 2020 Earnings from mine operations in the first half of 2020 was $10.7 million, the same as the second quarter of 2020, representing earnings while in commercial production. Total ounces sold in the first half of 2020 was 15,003 ounces including 8,349 ounces while in commercial production.Cash provided by mine operations was $13.5 million and a free cash flow deficitNG of $15.4 million was recorded in  the first half of 2020, as costs associated with the project capital continued to be incurred.Total tonnes mined were 6.3 million tonnes in the first half of 2020 at a cost $2.31 per tonne.Öksüt produced 15,277 ounces of gold in the first half of 2020, which included 5,619 ounces while in commercial production. Öksüt’s processing costs were $3.15 per tonne and all-in sustaining costs on a by-product basis per ounce soldNG, which excludes taxes, were $537 per ounce for the first half of 2020 (post commercial production).As at June 30, 2020, construction of the Öksüt Mine was 98% complete, and the remaining construction, mainly completion of heap leach pad phase 1C, is expected to be completed by the end of 2020.During the first half of 2020, the Company spent $17.6 million on construction and development activities at Öksüt compared to $34.5 million in the first half of 2019.Molybdenum Business The molybdenum business includes two North American primary molybdenum mines that are currently on care and maintenance: the Thompson Creek Mine (mine and process plant) in Idaho and the 75%-owned Endako Mine (mine, process plant and roaster) in British Columbia. The molybdenum business also includes the Langeloth metallurgical roasting facility (the "Langeloth Facility") in Pennsylvania. The Thompson Creek Mine (the “TC Mine”) operates a molybdenum beneficiation circuit to treat molybdenum concentrates to supplement the concentrate feed sourced directly for the Langeloth Facility. This beneficiation process allows the Company to process high copper content molybdenum concentrate purchased from third parties, which is then transported from TC Mine to the Langeloth Facility for further processing.The molybdenum business provides tolling treatment services for customers by converting molybdenum concentrates to molybdenum oxide powder, briquettes and ferromolybdenum products. Additionally, molybdenum concentrates are purchased to convert to upgraded products which are then sold in the metallurgical and chemical markets.COVID-19 The Molybdenum Business instituted a social distancing policy for employees in confined and common areas, as well as a mask policy for all areas where social distancing of at least six feet cannot be achieved. Additional changes include general manager approval of all visitors, restricted site travel policies and promoting working remotely whenever possible. At the end of the quarter, to the best of the Company’s knowledge, the Molybdenum business remained COVID-19 free.Molybdenum Operating Results($ millions, except as noted)Three months ended June 30,Six months ended June 30,                   Financial Highlights: 2020  2019 % Change  2020  2019 % Change                                      Molybdenum (Mo) Sales 25.3  56.7 (55%)  66.9  115.2 (42%)  Tolling, Calcining and Other 1.3  2.2 (41%)  2.9  5.1 (43%)  Total Revenues and Other Income$26.6 $58.9 (55%) $69.8 $120.4 (42%)              Production costs 30.9  56.6 (45%)  83.4  118.0 (29%)  Depreciation, depletion and amortization 1.9  1.3 47%  3.4  2.4 40%              Reclamation expense 17.1  - 0%  43.5  - 0%              Care and Maintenance costs - Molybdenum mines 3.2  3.9 (18%)  6.5  7.5 (14%)              Net earnings$(27.3) $(4.3) 535% $(69.0) $(9.7) 611%              Total capital expenditure 1.4  0.6 128%  2.2  0.8 183%              Cash (used in) provided by operations (1) (2.7)  (6.1) 56%  8.0  (6.7)(219%)  Free cash flow (deficit) (1) (4.1)  (6.8) 40%  5.8  (7.5)(177%)              Average Mo spot price ($/lb) 8.30  12.18 (32%)  9.02  11.98 (25%)              Production Highlights (000's lbs):           Mo purchased 3,858  4,481 (14%)  7,200  8,709 (17%)  Mo roasted 3,606  5,350 (33%)  7,988  10,159 (21%)  Mo sold 2,666  4,225 (37%)  6,456  8,817 (27%)  Toll roasted and upgraded Mo 1,152  1,544 (25%)  1,962  3,198 (39%)    (1)  Non-GAAP measure. See discussion under “Non-GAAP Measures” Second Quarter 2020 compared to Second Quarter 2019The Molybdenum business recorded a loss from operations in the second quarter of 2020 of $27.3 million compared to a loss of $4.3 million in the same period of 2019. The loss recorded in the second quarter of 2020 included a $17.1 million charge for an increase in the asset retirement obligation (non-cash expense) associated with the two mines which are not currently in operation, resulting from a decrease in the risk-free interest rate assumption used for discounting the liabilities, and a $6.1 million write down in Product Inventory as a result of the decline in the molybdenum price over the quarter. The write-down was based on the forward price of molybdenum of $7.38 per pound as of June 30, 2020.Cash used in operations in the second quarter of 2020 was $2.7 million, compared to $6.1 million in the comparative prior year period. The decreased use of cash in the second quarter of 2020 was due to a larger decrease in accounts receivable together with lower cost to acquire concentrate material for processing at the Langeloth Facility due to the lower molybdenum price.In the second quarter of 2020, 3.6 million pounds of molybdenum were roasted, including 1.2 million from tolling arrangements, which represented a 14% and 25% decrease over the same prior year periods, respectively. The decrease was the result of the decline in demand for industrial products that use molybdenum which was adversely affected by the demand disruption created by the COVID-19 pandemic.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2a14ad81-1a26-49d2-a32f-8f4a6e188c90First Half 2020 compared to First Half 2019 The Molybdenum business recorded a loss from operations in the first half of 2020 of $69.0 million compared to $9.7 million in the same period of 2019. The loss recorded in the first half of 2020 included a $43.5 million charge for an increase in the asset retirement obligation (non-cash expense) associated with the two mines which are not currently in operation, as a result of a decrease in the risk-free interest rate assumptions used for discounting the liability. There was no change in the estimate of the remediation work required on these care and maintenance properties. The loss recorded in the first half of 2020 also included a $13.6 million write down in Product Inventory as a result of the decline in the molybdenum price in the first half of 2020.Cash provided by operations in the first half of 2020 was $8.0 million, compared to cash used in operations of $6.7 million in the comparative prior year period. The increase was due to a $11.4 million United States tax refund received in the current period as a result of a change in the income tax laws in the U.S affecting prior year tax filings.In the first half of 2020, 8.0 million pounds of molybdenum were roasted, including 2.0 million pounds from tolling arrangements, which represented a 21% and 39% decrease over the same prior year periods, 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 ProjectsKemess Underground Project: The Kemess Project 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 Project site (or “Kemess”) 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, initial surface construction, and pre-development activities for the proposed Kemess Underground Project.COVID-19 The Kemess Project continues to be free from any COVID-19 cases and is following all required health directives including pre-screening of all personnel travelling to site, enhanced hygiene and social distancing, elimination of non-essential site visitors and having personnel working remotely where practical.Second Quarter 2020 compared to Second Quarter 2019 In the second quarter of 2020, the Company spent $3.8 million on care and maintenance, and capital expenditures were $3.0 million which included costs for technical engineering studies, water treatment plant performance testing preparation and southern collection system pond construction. Comparatively, the Company spent $2.9 million on care and maintenance activities in the second quarter of 2019. Capital expenditures in the second quarter of 2019 were $9.6 million which included expenditures for the water treatment plant, water discharge system and mobile equipment.First Half 2020 compared to First Half 2019 In the first half of 2020, the Company spent $7.4 million on care and maintenance, and capital expenditures were $4.8 million which included costs for technical engineering studies, water treatment plant performance testing preparation and southern collection system pond construction. Comparatively, the Company spent $6.6 million on care and maintenance activities in the first half of 2019. Capital expenditures in the first half of 2019 were $14.2 million which included expenditures for the water treatment plant, water discharge system and mobile equipment.Greenstone Gold Property: The Greenstone Gold property is located in northern Ontario, Canada approximately 275 kilometres northeast of Thunder Bay, Ontario. Centerra owns a 50% partnership interest in the Greenstone Partnership (“GGM”), which owns the Greenstone Gold development property, including the Hardrock deposit.At the end of the second quarter, Greenstone received federal approval of the Schedule 2 amendment of the Metal and Diamond Mining Effluent Regulations, which is a significant permitting milestone for the Hardrock Project. COVID-19 The Oakville, Ontario office of GGM, Geraldton Community Relations office and the Hardrock site remained closed during the second quarter. Reopening of the site for environmental field work and exploration activities is scheduled for July.Second Quarter 2020 compared to Second Quarter 2019 During the second quarter of 2020, the Company spent $4.1 million compared to $8.0 million in the comparative period. Activities in the second quarter of 2020 included advancing detailed engineering, spending on vendor data, permitting, environmental and management plans, water modelling, implementation of indigenous community agreements, and exploration activities outside of the Hardrock deposit. As at June 30 2020, Centerra’s contribution towards its C$185 million commitment in the Greenstone Partnership was C$155.7 million (US$118.5 million).First Half 2020 compared to First Half 2019 During the first half of 2020, the Company spent $7.3 million compared to $14.8 million in the same comparative period. Activities in the first half of 2020 included advancing detailed engineering, spending on vendor data, permitting, environmental and management plans, fieldwork, water modelling, implementation of indigenous community agreements, and exploration activities outside of the Hardrock deposit.Quarterly Results – Previous Eight QuartersOver 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 Canadian, Kyrgyz and Turkish currencies over the last eight quarters. Gold sold on a quarterly basis steadily increased from the third quarter of 2018 to the third quarter of 2019, followed by a slight decline in the fourth quarter of 2019 and increasing again in the first half of 2020. The Company recognized a non-cash increase in ARO expenses of $41.8 million in the fourth quarter of 2018 mainly to record an increase in water treatment costs at the TC Mine. The third quarter of 2019 reflects the impairment of $230.5 million recorded on the Mount Milligan Mine and the $10 million Kyrgyz Republic settlement expense. The fourth quarter of 2019 and first half of 2020 include a non-cash reclamation expense of $31.4 million and $43.5 million, respectively, as a result of a change in the interest rate used to discount the reclamation costs at the two mine sites which are not in operation. The quarterly financial results for the last eight quarters are shown below:$ million, except per share data202020192018 Quarterly data unaudited  Q2Q1Q4Q3Q2Q1Q4Q3 Revenue413374313388341334392259 Net earnings (loss)8120(12)(165)3350496 Basic earnings (loss) per share0.270.07(0.04)(0.56)0.110.170.170.02 Diluted earnings (loss) per share0.270.06(0.04)(0.56)0.110.170.170.01 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 Annual Information Form for the year ended December 31, 2019 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  Kumtor MineLysii Waste Dump Accident On December 1, 2019, Centerra announced that the Kumtor Mine experienced a significant waste rock movement at the Lysii waste rock dump, which resulted in the fatalities of two Kumtor employees. The Company and Kyrgyz state authorities have completed their investigations into the accident. Kyrgyz state authorities’ final reports concluded that there were no violations of Kyrgyz laws in connection with the accident. A criminal investigation, which is required in the Kyrgyz Republic any time there is a fatality at a workplace, is ongoing and the Company is cooperating with that investigation.Petrov Lake Accident On February 18, 2020, the Company announced that a fatal accident occurred at the Kumtor Mine when an excavator slipped down into a water filled basin while operating a shovel near Petrov Lake. The Company and Kyrgyz state authorities have completed their investigations into the accident. The Company continues to cooperate with Kyrgyz authorities on the related criminal investigation.CanadaMount Milligan MineIn the first quarter of 2020, the Company has 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 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.Greenstone Gold PropertyAs previously disclosed, on December 23, 2019, the Company’s wholly owned subsidiary, AuRico Canadian Royalty Holdings Inc. (“AuRico”), filed with the Ontario Superior Court of Justice a statement of claim against Greenstone Gold Mines G.P. Inc. (the “Greenstone Managing Partner”), Premier Gold Mines Hardrock Inc., a subsidiary of Premier Gold Mines Limited (“Premier”) and two individual directors appointed by Premier to the Greenstone Managing Partner’s board of directors. The claim relates to, among other things, whether a report prepared by G-Mining Services Inc. on behalf of the Greenstone Managing Partner constitutes a “Feasibility Study” under the amended and restated partnership agreement that governs the partnership between affiliates of the Company and Premier and how the Greenstone Managing Partner and Premier responded to questions regarding the report that were raised by members of Greenstone Managing Partner’s board of directors, AuRico and the independent third-party expert retained by Centerra to review it. Statements of defense and/or counterclaim have been filed by Premier, two individuals nominated by Premier to the Greenstone Managing Partner’s board of directors and the Greenstone Managing Partner.OtherThe 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 disbursements considered probable. As at June 30, 2020, the Company did not have any material provision for claims or taxation assessments.Accounting Estimates, Policies and ChangesAccounting Estimates The preparation of the Company’s consolidated financial statements in accordance with IFRS required management to make estimates and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. The critical estimates and judgments applied in the preparation of the Company’s condensed consolidated interim financial statements for the three and six months ended June 30, 2020 are consistent with those used in the Company’s consolidated financial statements for the year ended December 31, 2019.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, 2019 financial statements.Disclosure Controls and Procedures and Internal Control Over Financial ReportingThe 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 the second quarter of 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 the second quarter of 2020.Non-GAAP MeasuresThis 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 taxes, and all-in sustaining costs per ounce sold on a co-product basis. 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 and adjusted free cash flow. 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 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.Definitions The 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 sold include production 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. Copper and silver credits represent the expected revenue from the sale of these metals. * All-in sustaining costs on a by-product basis per ounce sold including taxes, include revenue-based tax at Kumtor and taxes (mining and income) at Mount Milligan. * All-in sustaining costs on a co-product basis per ounce of gold sold or per pound of copper sold, production costs are allocated between copper and gold based on production. To calculate the allocation of production 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 the second quarter and first half of 2020, 706 and 660 pounds of copper, respectively, were equivalent to one ounce of gold. * Adjusted net earnings is calculated by adjusting net earnings (loss) as recorded in the condensed consolidated interim 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) 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) by the number of pounds sold. * Free cash flow is calculated as cash provided by operations less additions to property, plant and equipment. * Adjusted free cash flow is calculated as free cash flow adjusted for items not associated with ongoing operations. All-in Sustaining Costs on a by-product basis (including and excluding taxes) per ounce of gold are non-GAAP measures and can be reconciled as follows: Three months ended June 30,Six months ended June 30, (Unaudited - $ millions, unless otherwise specified)Consolidated (1)Kumtor(1)Mount Milligan(1)Öksüt(1)(2)Consolidated (1)Kumtor(1)Mount Milligan(1)Öksüt(1)(2)  2020201920202019202020192020201920202019202020192020201920202019                   Production costs attributable to gold87.795.054.760.329.734.73.3-378.1347.4224.6198.9149.6148.53.9- Production costs attributable to copper23.330.9--23.330.9--155.1111.0118.584.636.026.40.6- Total Production costs excluding molybdenum segment, as reported111.0125.954.760.353.065.63.3-223.0236.4106.1114.3113.6122.13.3- Adjust for:                  Selling and marketing1.92.5--1.92.5--4.03.7--4.03.7-- Refining fees2.01.41.81.20.20.2--3.92.83.52.40.40.4-- By-product credits - copper(39.8)(36.4)--(39.8)(36.4)--(72.7)(67.5)--(72.7)(67.5)-- Community costs related to current operations2.30.92.30.9----13.62.113.62.1---- Adjusted Production Costs77.394.358.862.415.331.93.3-171.7177.5123.2118.845.258.73.3- Corporate general administrative and other costs25.613.6--0.5---28.723.2--0.5--- Accretion expense0.20.50.30.4(0.1)0.1--0.51.00.50.7-0.3-- Capitalized stripping36.112.135.012.1--1.1-66.129.465.029.4--1.1- Capital expenditures (sustaining)31.620.224.511.37.18.9--45.439.933.020.312.419.6-- Lease principal payments1.11.3--1.01.30.1-2.22.5--2.12.50.1- All-in Sustaining Costs on a by-product basis171.9142.0118.686.223.842.24.5-314.6273.4221.7169.260.281.04.5- Revenue-based taxes40.427.840.427.8----75.555.275.555.2---- Income and mining taxes1.30.9--1.30.9--2.11.7--2.11.7-- All-in Sustaining Costs on a by-product basis (including taxes)213.6170.7159.0114.025.143.14.5-392.3330.3297.2224.462.382.74.5- Ounces sold  (000's)213.8198.3170.4153.335.045.08.4-414.2394.8330.4303.675.491.28.4- Pounds sold (millions)19.418.7--19.418.7--         Production costs per ounce of gold sold ($ /oz sold)410479321393849771393-417468321376837773393- Production costs per pound of copper sold  ($ /pound sold)1.201.65 n/a  n/a1.201.65 n/a  n/a1.271.65 n/a  n/a1.271.65 n/a  n/a Gold - All-in Sustaining Costs on a by-product basis ($ /oz sold)804716696562679938537-760693671557798889537- Gold - All-in Sustaining Costs on a by-product basis (including taxes) - ($ /oz sold)999861933744716958537-947837900739827908537- Gold - All-in Sustaining Costs on a co-product basis - before taxes ($ /oz sold)8607126965621,020925537-790705671557967942537- Copper - All-in Sustaining Costs on a co-product basis - before taxes ($ /pound sold)1.441.97 n/a  n/a1.441.97 n/a  n/a1.462.01 n/a  n/a1.462.01 n/a -   (1) Results may not add due to rounding    (2) Reflects costs while in commercial production  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 June 30,Six months ended June 30, ($ millions, except as noted)2020201920202019            Net earnings$80.7$33.4$100.8$83.8            Adjust for items not associated with ongoing operations:          ARO revaluation at sites on care and maintenance 17.1 - 43.5              Adjusted net earnings$97.8$33.4$144.3$83.8            Net earnings per share - basic$0.27$0.11$0.34$0.29 Net earnings per share - diluted$0.27$0.11$0.34$0.29 Adjusted net earnings per share - basic$0.33$0.11$0.49$0.29 Adjusted net earnings per share - diluted$0.33$0.11$0.49$0.29            Free cash flow is calculated as follows:  Three months ended June 30Six months ended June 30 ($ millions, except as noted)2020201920202019            Cash provided by operations (1)$268.1$91.0$389.2$209.8            Adjust for:          Additions to property, plant and equipment (1) (99.0) (60.3) (143.3) (122.1)            Free cash flow (deficit) $169.1$30.7$245.9$87.7                             (1)    As presented in the Company’s Consolidated Statement of Cash FlowsAverage realized sales price for gold The average realized gold price per ounce sold is calculated by dividing gold sales revenue, together with the final pricing adjustments and mark-to-market adjustments by the ounces sold, as shown in the table below:Average realized sales price for goldThree months ended June 30,Six months ended June 30,  2020201920202019       Gold sales reconciliation ($ millions)     Gold sales - Kumtor286.4197.7535.3392.6 Gold sales - Öksüt14.6-14.6-       Gold sales - Mt. Milligan     Gold sales related to cash portion of Royal Gold stream5.36.911.313.8 Mark-to-market adjustments on sales to Royal Gold1.2(1.5)0.8(1.4) Final adjustments on sales to Royal Gold(4.5)0.6(5.3)- Total gold sales under Royal Gold stream2.06.06.812.4       Gold sales to third party customers35.538.576.177.4 Mark-to-market adjustments5.65.05.04.4 Final pricing adjustments2.3(1.0)5.90.1 Final metal adjustments0.1(0.7)0.80.1 Total gold sales to third party customers43.541.887.882.0 Gold sales, net of adjustments45.547.894.694.4 Refining and treatment costs(0.2)(0.2)(0.3)(0.5) Total gold sales45.347.694.393.9       Total gold revenue - Consolidated346.3245.3644.2486.5       Ounces of gold sold     Gold ounces sold - Kumtor170,350153,307330,440303,574 Gold ounces sold - Öksüt8,349-8,349- Ounces sold to Royal Gold - Mt. Milligan12,19215,66826,21931,682 Ounces sold to third party customers - Mt. Milligan22,80929,31249,13559,482       Total ounces sold - Consolidated (1)213,701198,287414,143394,738       Average realized sales price for gold on a per ounce basis     Average realized sales price - Kumtor1,6811,2891,6201,293 Average realized sales price - Öksüt1,745-1,745-       Average realized gold price - Royal Gold435435435435 Average realized gold price - Mark-to-market adjustments97(94)32(44) Average realized gold price - Final pricing adjustments(366)35(203)(1) Average realized gold price - Mt. Milligan - Royal Gold166376265390       Average realized gold price - Third party1,5571,3131,5491,301 Average realized gold price - Mark-to-market adjustments24516910274 Average realized gold price - Final pricing adjustments101(33)1202 Average realized gold price - Final metal adjustments3(23)162 Average realized gold price - Mt. Milligan - Third party1,9061,4261,7871,379 Average realized gold price - Mt. Milligan - Combined1,2951,0581,2521,031       Average realized sales price for gold - Consolidated1,6201,2371,5551,232             (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 June 30,Six months ended June 30,  2020201920202019       Copper sales reconciliation ($ millions)     Copper sales related to cash portion of Royal Gold stream1.21.52.62.5 Mark-to-market adjustments on Royal Gold stream(1.1)0.3(0.7)0.1 Final adjustments on sales to Royal Gold-(0.1)0.3(0.7) Total copper sales under Royal Gold stream0.11.72.31.9       Copper sales to third party customers35.141.275.770.4 Mark-to-market adjustments9.3(2.2)4.5(0.6) Final pricing adjustments(0.5)0.3(1.6)4.6 Final metal adjustments(0.7)(0.3)(0.9)(0.9) Total copper sales to third party customers43.239.077.873.5 Copper sales, net of adjustments43.340.780.175.4 Refining and treatment costs(3.5)(4.3)(7.4)(7.9) Copper sales39.836.472.767.5       Pounds of copper sold (000's lbs)     Pounds sold to Royal Gold3,6413,5127,4795,868 Pounds sold to third party customers15,71215,18732,29725,354 Total pounds sold19,35218,70039,77631,222       Average realized sales price for copper on a per pound basis     Copper sales related to cash portion of Royal Gold stream0.330.420.350.43 Mark-to-market adjustments on Royal Gold stream(0.30)0.08(0.09)0.01 Final pricing adjustments on Royal Gold stream0.01(0.02)0.04(0.11) Average realized copper price - Royal Gold0.030.480.300.33       Average realized copper price - Third party2.232.702.352.25 Average realized copper price - Mark-to-market adjustments0.59(0.14)0.14(0.02) Average realized copper price - Final pricing adjustments(0.03)0.02(0.05)0.18 Average realized copper price - Metal pricing adjustments(0.04)(0.02)(0.04)(0.05) Average realized copper price - Third party2.752.562.402.36       Average realized copper price - Combined2.061.951.832.16       Qualified Person & QA/QC – Production, Mineral Reserves and Mineral Resources All mineral reserve and mineral resource estimates and other scientific and technical information in this document were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Such information (other than exploration related information) were prepared, reviewed, verified and compiled by Centerra’s geological, mining and metallurgical staff under the supervision of John Fitzgerald, Professional Engineer and Centerra’s Vice President, Projects and Technical Services, who is the qualified person for the purpose of NI 43-101. Centerra Gold Inc. Condensed Consolidated Interim Statements of Financial Position (Unaudited)June 30, December 31,  2020 2019 (Expressed in thousands of United States Dollars)              Assets      Current assets       Cash $ 212,213  $42,717  Amounts receivable 52,367  79,022  Inventories 689,463  774,060  Other current assets 38,564  36,869    992,607  932,668 Property, plant and equipment 1,706,269  1,669,516 Reclamation deposits 47,085  40,999 Other assets 23,352  58,470    1,776,706  1,768,985 Total assets $ 2,769,313  $2,701,653         Liabilities and Shareholders' equity      Current liabilities       Accounts payable and accrued liabilities $ 220,640  $238,339  Revenue-based taxes payable 17,254  744  Taxes payable 1,961  1,034  Other current liabilities 12,869  4,692    252,724  244,809 Long-term debt -  70,007 Deferred income tax liability 32,803  33,733 Provision for reclamation 310,637  265,049 Other liabilities 21,490  22,211    364,930  391,000 Shareholders' equity       Share capital 966,212  960,404  Contributed surplus 26,060  26,278  Accumulated other comprehensive loss (4,091)  (752)  Retained earnings 1,163,478  1,079,914    2,151,659  2,065,844 Total liabilities and Shareholders' equity $ 2,769,313  $2,701,653 Centerra Gold Inc.         Condensed Consolidated Interim Statements of Earnings and Comprehensive Income     (Unaudited)Three months ended  June 30, Six months ended  June 30,       2020  2019  2020  2019  (Expressed in thousands of United States Dollars)         (except per share amounts)                    Revenue $ 412,654  $340,510  $ 786,700  $ 674,549             Cost of sales           Production costs 141,918  182,654  306,552  354,429    Depreciation, depletion and amortization 85,443  58,963  158,465  113,395   Standby costs -  -  6,728  -  Earnings from mine operations 185,293  98,893  314,955  206,725              Care and maintenance 7,074  6,881  13,862  14,204   Exploration and business development 8,952  10,420  18,455  18,712   Corporate administration 25,271  13,690  28,718  23,388   Revenue-based taxes 40,359  27,777  75,464  55,171   Other operating expenses 22,925  4,151  63,700  7,119  Earnings from operations 80,712  35,974  114,756  88,131              Other (income) expenses, net (2,239)  (613)  5,331  (755)   Finance costs 3,817  3,697  7,418  7,678  Earnings before income tax 79,134  32,890  102,007  81,208   Income tax (recovery) expense (1,609)  (524)  1,256  (2,638)  Net earnings 80,743  33,414  100,751  83,846             Other Comprehensive Income          Items that may be subsequently reclassified to earnings:         Net (loss) gain on translation of foreign operations (592)  712  (1,607)  1,447   Net unrealized (loss) gain on derivative instruments,   net of tax (1,930)  166  (1,732)  (25)  Other comprehensive (loss) income (2,522)  878  (3,339)  1,422  Total comprehensive income$78,221 $34,292 $97,412 $85,268             Basic earnings per share$0.27 $0.11 $0.34 $0.29  Diluted earnings per share $0.27 $0.11 $0.34 $0.29             Centerra Gold Inc.         Condensed Consolidated Interim Statements of Cash Flows       (Unaudited)Three months ended June 30,Six months ended  June 30,     2020  2019  2020  2019  (Expressed in thousands of United States Dollars)         Operating activities         Net earnings$80,743 $33,414 $100,751 $83,846             Adjustments for the following items:          Depreciation, depletion and amortization 90,352  60,575  165,082  116,310   Finance costs 3,817  3,697  7,418  7,678   Share-based compensation expense 20,470  4,792  17,231  11,499   Inventory impairment 6,100  -  13,588  -   Income tax (recovery) expense, net (1,609)  (524)  1,256  (2,638)   Reclamation expense 17,065  -  43,505  615   Income tax (paid) refunded (1,015)  (612)  9,849  (267)   Other 178  54  719  (1,439)  Cash provided by operations before changes in   operating working capital$216,101 $101,396 $359,399 $215,604   Change in operating working capital 51,959  (10,400)  29,817  (5,854)  Cash provided by operations$268,060 $90,996 $389,216 $209,750             Investing activities          Additions to property, plant and equipment (98,996)  (60,341)  (143,263)  (122,102)   Proceeds from disposition of fixed assets 175  -  308  -   Decrease in restricted cash 149  5  25,990  21   Decrease (increase) in other assets 2,267  (549)  (4,951)  (5,256)  Cash used in investing$(96,405) $(60,885) $(121,916) $(127,337)             Financing activities          Debt drawdown 114,000  31,035  250,000  85,854   Debt repayment (250,000)  (100,000)  (327,472)  (176,000)   Payment of interest and borrowing costs (2,789)  (2,309)  (4,854)  (5,258)   Dividends paid (16,992)  -  (16,992)  -   Lease payments (1,415)  (1,448)  (3,152)  (2,849)   Proceeds from common shares issued 3,908  2,169  4,666  4,114  Cash used in financing$(153,288) $(70,553) $(97,804) $(94,139)  Increase (decrease) in cash during the period 18,367  (40,442)  169,496  (11,726)  Cash at beginning of the period 193,846  180,421  42,717  151,705  Cash at end of the period$212,213 $139,979 $212,213 $139,979    The Unaudited Interim Consolidated Financial Statements and Notes for the three and six months ended June 30, 2020 and Management’s Discussion and Analysis for the period ended June 30, 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.

2020-07-31 - The Northern Miner

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2020-07-31 - Latest updates

2019 - Year End Report

2020-07-31 - The Northern Miner

Newmont tops profit estimates on higher gold prices

Newmont (NYSE: NEM, TSX: NGT) said on July 29 that higher gold prices helped generate significant free cash flow in the second quarter of 2020....

2020-07-31 - Latest updates

Osprey Appoints New CFO And Corporate Secretary

2020-07-31 - Yahoo! Finance: CIT.V News

ABC Capital Management Inc. Reports Equity Interest in CR Capital Corp. (TSXV: CIT)

TORONTO, July 30, 2020 (GLOBE NEWSWIRE) -- ABC Capital Management Inc. (“ABC”) filed an early warning report today in connection with the acquisition of 1,250,000 Units (hereinafter defined) of CR Capital Corp. (the “Company”) at C$0.08 per Unit for gross proceeds of C$100,000 (the “Acquisition”), as part of the Company’s non-brokered private placement (see the Company’s news releases dated July 2, 2020, July 3, 2020, July 20, 2020 and July 24, 2020). Each “Unit” acquired consists of one common share in the Company (a “Share”) and one common share purchase warrant in the Company (a “Warrant”). Each Warrant entitles the holder thereof to acquire one Share for C$0.10 until the date which is eighteen (18) months following the closing date of the offering, whereupon the Warrants will expire. Prior to the Acquisition, ABC held Nil Shares, representing 0% of the Company’s issued and outstanding Shares on a partially diluted basis and 0% of the Company’s issued and outstanding Shares on a non-diluted basis.Following the Acquisition, ABC holds 1,250,000 Shares and 1,250,000 Share purchase warrants, representing 11.20% of the Company’s then issued and outstanding Shares on a partially diluted basis and 5.93% of the Company’s then issued and outstanding Shares on a non-diluted basis.In satisfaction of the requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an early warning report respecting the acquisition of securities by ABC has been filed under the Company’s SEDAR Profile at www.sedar.com.ABC acquired the Units for investment purposes only, and depending on market and other conditions, ABC may from time to time in the future increase or decrease their ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise.ABC is incorporated under the laws of the Province of Ontario and its head office is located at 4100 Yonge Street, Suite 504, Toronto, Ontario M2P2B5. The principal business of ABC is a Management Fund.CR Capital Corp. is located at 82 Richmond Street East Toronto, Ontario M5C 1P1.The above-referenced early warning report relating to this press release has been filed on System for Electronic Document Analysis and Review (SEDAR) at www.sedar.com under the Company’s issuer profile.For further information or to obtain a copy of the early warning report, please contact Brian Howlett at the Company at 647-227-3035.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 of this release.

2020-07-31 - Latest updates

Maps

2020-07-31 - Aguia Resources Ltd

Quarterly Activities Report

The post Quarterly Activities Report appeared first on Aguia Resources Ltd.

2020-07-31 - Aguia Resources Ltd

Quarterly Cashflow Report

The post Quarterly Cashflow Report appeared first on Aguia Resources Ltd.

2020-07-30 - Yahoo! Finance: CLQ.TO News

Clean TeQ Announces Asset Write Down Expected

MELBOURNE, Australia, July 30, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) expects to recognise a non-cash write down of the carrying value of its Sunrise Project and project-related assets of approximately $A180 million in the 30 June 2020 full-year financial results based on a preliminary review of the carrying value of non-current assets undertaken by the Company.The Company has been progressing the Project Execution Plan (PEP) in conjunction with Fluor Australia Pty Ltd, part of the Fluor global engineering group headquartered in Irving, Texas.  As previously advised, the PEP deliverables include an update to the 2018 Definitive Feasibility Study (DFS) outputs including the production forecast, resources, reserves and operating cost estimates for the Project as well as a revised master schedule.  Although the PEP deliverables are not yet complete, in preparing the 30 June 2020 full-year financial results the Company has undertaken a review of the carrying value of the Sunrise Project assets based on a conservative best estimate of what the probable PEP outcomes will be as well as highly conservative macroeconomic assumptions including forecast metal prices.The PEP work scope includes a detailed re-estimation of the Project’s capital development cost, incorporating the latest engineering and design work. Updated vendor pricing for key equipment packages is being obtained for virtually all major equipment packages. Materials and labour costs are being re-estimated based on updated quantities and current market rates. As the PEP progresses towards completion, a number of trends are emerging, including a trend indicating that there is upward pressure on the capital cost estimate. Although the final economic outcomes of the PEP are yet to be determined, as per the announcement of 17 July 2020, the Company advises that the PEP capital estimate will likely be higher than the 2018 DFS estimate.  A likely higher capital development cost has impacted negatively on the review of the carrying value of the Sunrise assets.The partnering process the Company has been running with the support of Macquarie Capital remains on-going, however, to date the Company has not been able to secure an investment partner for the Project.  As such, the Company is not able to commit to a final investment decision (FID) in mid-2020, as was targeted.  Not unexpectedly, the COVID-19 pandemic has presented difficult conditions for financial markets and challenges for funding new project development.  However, the Company remains optimistic on the outlook for demand growth in the electric vehicle (EV) and lithium-ion battery sectors, and in particular the strategic importance of Sunrise as one of the largest suppliers of battery-grade nickel and cobalt into the global EV supply chain.  Given the strong outlook for nickel and cobalt demand, the Company remains committed to developing the Project once funding has been secured.  As such, the partnering process will continue, however the targeted timing for completion of any transaction is not possible to forecast, particularly in light of the significant uncertainty currently impacting the global economy as a result of the COVID-19 pandemic.  In assessing the carrying value of the Sunrise assets, the Company has taken into account the negative impact of the anticipated longer development timeframes for the Project.The write-down will impact the value of the exploration and evaluation asset and other assets recorded in relation to the Sunrise Project. The review of the carrying value of non-current assets will be finalised in conjunction with release of the 30 June 2020 full-year financial statements. This release is scheduled for Friday 21 August.The value of the Sunrise Project is supported by its large scale and long-life nickel, cobalt and scandium resource, which is expected to remain extremely competitive, with the PEP outcomes still targeting first quartile nickel production costs as a result of strong cobalt by-product credits.Sunrise will also be the global standard bearer for sustainable production of battery cathode materials, maintaining the highest standards in health, safety, environmental management and community relations.  By applying our proprietary ion exchange technology for the recovery of these key metals, we are building the next generation of nickel/cobalt mines that are lower risk, lower cost and dedicated to producing the specific materials that the battery industry needs.For more information, please contact: Ben Stockdale, CFO and Investor Relations                                            +61 3 9797 6700About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.FORWARD-LOOKING STATEMENTS Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results, and speak only as of the date of this new release.Statements in this news release that constitute forward-looking statements or information include, but are not limited to, statements regarding: the completion of the Sunrise Project Execution Plan; financing of the Sunrise Project; the outlook for electric vehicle markets and demand for nickel and cobalt; and the production cost and sustainability of Sunrise metal production. Readers are cautioned that actual results may vary from those presented. All such forward-looking information and statements are based on certain assumptions and analyses made by Clean TeQ’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believe 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 including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; changes in commodity prices; unexpected failure or inadequacy of infrastructure, or delays in the development of infrastructure, and the failure of exploration programs or other studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Other important factors that could cause actual results to differ from these forward-looking statements also include those described under the heading "Risk Factors" in the Company's most recently filed Annual Information Form available under its profile on SEDAR at www.sedar.com.Readers are cautioned not to place undue reliance on forward-looking information or statements.Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

2020-07-30 - Latest updates

Update On Filing Of Interim Financial Statements

2020-07-30 - Yahoo! Finance: LA.V News

Los Andes Copper Ltd. Management Changes

Jose Tomas Letelier to Retire as Director of Corporate Affairs and Sustainability, Ignacio Melero Appointed as Successor Vancouver, British Columbia--(Newsfile Corp. - July 30, 2020) -  Los Andes Copper Ltd. (TSXV: LA) ("Los Andes" or the "Company) announces the retirement of Mr. Jose Tomas Letelier as Director of Corporate Affairs and Sustainability, in order to devote more time to personal and family affairs. Jose Tomas has been an invaluable part of the advancement of Vizcachitas. ...

2020-07-30 - Yahoo! Finance: NEXA.TO News

Nexa Resources S.A. Announces 2Q20 Results and Adjusted EBITDA of US$ 40 Million

NEXA RESOURCES S.A. ANNOUNCES 2Q20 RESULTS AND ADJUSTED EBITDA OF US$ 40 MILLION

2020-07-30 - Yahoo! Finance: SIC.V News

Sokoman Minerals Extends Warrant Terms

JOHN'S, NL / ACCESSWIRE / July 30, 2020 / Sokoman Minerals Corp.

2020-07-30 - Eldorado Gold Corporation Press Releases

Eldorado Gold Reports Q2 2020 Financial and Operational Results

2020-07-30 - Yahoo! Finance: SDR.V News

Stroud Resources Ltd. Completes $3,000,000 Private Placement

TORONTO, July 30, 2020 (GLOBE NEWSWIRE) -- Stroud Resources Ltd. (TSXV-SDR) (“Stroud” or “Company”) is pleased to announce that it has closed a non-brokered private placement of gross proceeds of $3,000,000. The Company issued 7,500,000 units (each a “Unit”) at $0.40 per Unit for proceeds of $3,000,000. Each Unit consists of one common share of the Company (a “Common Share”) and one-half common share purchase warrant (a “Warrant”). Each whole Warrant is exercisable to purchase one Common Share at an exercise price of $0.60 until July 30, 2021.Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired the 7,500,000 Units pursuant to the Private Placement. Prior to the Private Placement, Mr. Sprott owned 13,333,333 Common Shares of the Company and 4,444,444 Warrants. As a result of the Private Placement, Mr. Sprott beneficially owns and controls 20,833,333 Common Shares of the Company and 8,194,444 Warrants representing approximately 47.0% of the issued and outstanding Common Shares of Stroud on a non-diluted basis and approximately 55.3% on a partially diluted basis. The Units were acquired by Mr. Sprott, through 2176423 Ontario Ltd. for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of 2176423 Ontario Ltd.’s early warning report will appear on the Company's profile on SEDAR and may also be obtained by calling (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).The issuance of Units to Mr. Sprott pursuant to the Private Placement (the “Insider Participation”) is considered to be a related party transaction within the meaning of TSX Venture Exchange (the “TSXV”) Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on the exemptions from the 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 the Insider Participation. The Transaction is subject to obtaining TSXV, regulatory and other approvals and other customary closing conditions.All securities issued pursuant to the Private Placement with be legended with a hold period of four months and one day from the date of issuance.The net proceeds raised through the issue of Units will be to advance the Company’s exploration properties located in Mexico and for general working capital purposes.The Company paid finder’s fees in a cash commission equal to 7% of aggregate proceeds from the sale of Units sourced by the finder as well as finder’s warrants (the “Finder’s Warrants”) in an amount which is equal to 7% of the aggregate number of Units sourced by the finder pursuant to the Private Placement. Each Finder’s Warrant is exercisable to purchase one Common Share at an exercise price of $0.60 until July 30, 2022.About Stroud Resources Ltd. Stroud Resources is a TSXV listed company focused on the exploration and development of its Santo Domingo epithermal silver-gold project in central Mexico.For more information please visit www.stroudsilver.comON BEHALF OF THE BOARD OF DIRECTORS OF STROUD RESOURCES LTD.Mirsad Jakubovic CFO and DirectorNeither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

2020-07-30 - Yahoo! Finance: MCI.V News

Corporate Update; PL Mine Drilling Program Underway, PL Mine Feasibility Study Gold Price Leverage and Option Grants

Toronto, Ontario--(Newsfile Corp. - July 30, 2020) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), a discovery-stage exploration and advanced development-stage gold company focused on the expansion and re-start of our 100% owned PL Mine in central Manitoba is pleased to provide a corporate update on our recently initiated PL Mine drill program. Following the close of a flow though financing on July 16, 2020 we initiated drilling ...

2020-07-30 - Yahoo! Finance: BKI.TO News

Notice to Warrantholders of Acceleration of Expiry Date and Corporate Update

TORONTO, CANADA / ACCESSWIRE / July 30, 2020 / Black Iron Inc.

2020-07-30 - The Northern Miner

Auryn Resources to acquire Eastmain in $121M all-share deal

Auryn Resources (TSX: AUG; NYSE: AUG) is acquiring Eastmain Resources (TSX: ER) in an all-share deal valued at C$121 million. The transaction will create a...

2020-07-30 - Yahoo! Finance: MAI.V News

Minera Alamos Hires New VP Project Development and Appoints Chief Operating Officer

Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - July 30, 2020) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to announce it has hired Chris Sharpe P.Eng to be the Company's VP Project Development effective September 1st, 2020. Mr. Sharpe is a mining engineer with extensive experience in mine planning, open pit geotechnical studies and financial modeling. Since February 2015, Mr. Sharpe had worked for Centerra Gold as a ...

2020-07-30 - Yahoo! Finance: ERD.TO News

Erdene Provides Update on Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWSHALIFAX, Nova Scotia, July 30, 2020 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is providing an update on its previously announced non-brokered private placement of approximately C$20 million (“Private Placement”).As announced on July 23, 2020, the Private Placement will consist of the sale of 33,333,333 subscription receipts (“Subscription Receipts”) at a price of $0.45 per Subscription Receipt, to an entity controlled by Mr. Eric Sprott (“Sprott”) and the concurrent sale of up to 11,111,111 units of the Company (“Units”) at a price of $0.45 per Unit. Each Unit will consist of one common share of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”), with each Warrant exercisable into one Common Share within two years of the closing date, at a price of $0.60 per Common Share. Each Subscription Receipt will convert into a Unit immediately and for no additional consideration upon certain release conditions being satisfied.The directors and officers of the Company and its subsidiaries are expected to subscribe for up to 1,111,111 Units in the Private Placement resulting in up to an aggregate of 2,222,222 Common Shares being issued and issuable, representing 1.2% of the issued and outstanding Common Shares as of the date hereof. In addition, up to 555,555 Warrants may be issued to certain finders in connection with the offering of Units ("Finder Warrants").The terms of the Private Placement were negotiated at arm’s length and the price of the Units and the Subscription Receipts represents a discount of approximately 12.4% to the volume-weighted average trading price of the Common Shares on the TSX for the five trading days ended July 23, 2020.As of the date of this press release, there are 192,937,702 Common Shares issued and outstanding on a non-diluted basis. Up to an aggregate of 89,444,443 Common Shares will be issued and issuable pursuant to the Private Placement (including Common Shares issuable upon the exercise of Warrants and Finder Warrants), representing 46.4% of the currently issued and outstanding Common Shares.Sprott currently holds no Common Shares. After the closing of the Private Placement and the conversion of all Subscription Receipts into Units, Sprott will own 33,333,333 Common Shares, representing 14.0% of 237,382,146 Common Shares issued on a non-diluted basis. If the Warrants issued upon conversion of the Subscription Receipts were exercised in full, Sprott would own 66,666,666 Common Shares, representing 24.6% of 270,715,479 Common Shares issued on a non-diluted basis.Sections 604(a) and 607(g)(i) of the TSX Company Manual provide that shareholder approval must be obtained for transactions involving the issuance or potential issuance of any securities that will materially affect control of the Company, and for private placements for an aggregate number of Common Shares issuable greater than 25% of the number of Common Shares outstanding, on a non-diluted basis, prior to the date of closing of the transaction if the price per security is less than the market price. Erdene is seeking the required shareholder approval by way of written consent of holders of more than 50% of the Common Shares in reliance on the exemption in Section 604(d) of the TSX Company Manual.This news release does not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States. The securities being offered in the Private Placement have not been and will not be registered under 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.About ErdeneErdene Resource Development Corp. is a Canada-based resource company focused on the acquisition, exploration, and development of precious and base metals projects in underexplored and highly prospective Mongolia. The Company is advancing the high-grade, low-cost and low capital intensity Bayan Khundii Gold Project targeting first gold production in early 2022. The Project is located in Southwest Mongolia where the Company has interests in three mining licenses and three exploration licenses in the highly prospective Khundii Gold District. Erdene Resource Development Corp. is listed on the Toronto and the Mongolian stock exchanges. Further information is available at www.erdene.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.Forward-Looking StatementsCertain information regarding Erdene contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Erdene believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Erdene cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Erdene currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain required third party approvals (including the Approvals), the completion of the Private Placement, market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. The Company does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF THIS RELEASEErdene Contact InformationPeter C. Akerley, President and CEO, or Robert Jenkins, CFOPhone: Email: Twitter: Facebook: LinkedIn: YouTube:(902) 423-6419 info@erdene.com https://twitter.com/ErdeneRes https://www.facebook.com/ErdeneResource https://www.linkedin.com/company/erdene-resource-development-corp-/ https://www.youtube.com/channel/UCILs5s9j3SLmya9vo2-KXoA

2020-07-30 - Yahoo! Finance: SRC.V News

Stakeholder Signs Definitive Agreement with VMC

Toronto, Ontario--(Newsfile Corp. - July 30, 2020) - Stakeholder Gold Corporation (TSXV: SRC) ("Stakeholder" or the "Company") and Victoria Mining Corporation. ("VMC") are pleased to announce that further to the execution of a Letter of Intent on May 15th, 2020 and to the negotiation of a business combination agreement (the "Definitive Agreement"), the parties have executed a Definitive Agreement with effect from July 30th, 2020. As of this date, Stakeholder and VMC have ...

2020-07-30 - Yahoo! Finance: BKM.V News

IIROC Trading Resumption - BKM

VANCOUVER, BC, July 30, 2020 /CNW/ - Trading resumes in: Company: Pacific Booker Minerals Inc.TSX-Venture Symbol: BKMAll Issues: YesResumption (ET): 3:00 PMIIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company.

2020-07-30 - Yahoo! Finance: BKM.V News

Pacific Booker Minerals Inc. Explains Halt Request

Vancouver, British Columbia--(Newsfile Corp. - July 30, 2020) - Pacific Booker Minerals Inc requested the halt in trading because of an issue with a part of the area of the Morrison project site. Due to a misunderstanding of the COVID-19 protection order issued in March, the request for an extension of the lease was not made on time. Management is confident that it can resolve this issue and has already taken preliminary ...

2020-07-30 - Yahoo! Finance: ATW.V News

ATW Provides Default Status Update

MONTREAL, July 30, 2020 (GLOBE NEWSWIRE) -- ATW Tech Inc. ("ATW" or the "Corporation") announces that further to its news release dated July 16, 2020, the Corporation’s principal regulator, the Autorité des marchés financiers (the “AMF”) granted a management cease trade order (the "MCTO") on July 16, 2020, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). Pursuant to the MCTO, Carlos Bedran, Michel Guay and Louis Lessard may not trade in securities of the Corporation until such time as the Corporation files its interim financial statements, management’s discussion and analysis and related certifications for the period ended March 31, 2020 (collectively the "Required Documents"), and the AMF revokes the MCTO. The MCTO does not affect the ability of other shareholders to trade their securities. The Corporation’s Board of Directors and management confirm that they are working expeditiously to file the Required Documents and expect to do so on or prior to August 15, 2020 and confirm that since the Corporation’s news release dated July 16, 2020, there is no other material information respecting the Corporation’s affairs that has not been generally disclosed.Until the Required Disclosure has been filed, the Corporation intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly default status reports in the form of further press releases for so long as the Corporation remains in default of the periodic disclosure filing requirements. In the event that the Corporation does not file the Required Disclosure, the Canadian Securities Regulatory Authorities may impose an issuer cease trade order on the outstanding securities of the Corporation.Additional information regarding ATW is available on SEDAR www.sedar.com. The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.ABOUT ATWATW Tech (TSX-V: ATW) is a leader in financial technologies (‘fintech’), owner of several web platforms including VoxTel and Option.vote. VoxTel offers various interactive communication, landline and mobile carrier billing phone solutions. Option.vote offers a large scale, customizable, and secure multi-method voting system for unions, political parties, professional associations, and others looking for a way to reduce their voting costs and to improve their participation rates.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.For further information, please contact:ATW Tech Inc. Michel Guay Founder, president and CEO Tel.: 844.298.5932 ext. 301 mguay@atwtech.com www.atwtech.com

2020-07-30 - Yahoo! Finance: BMX.V News

Boreal Upsizes Private Placement and Announces Shares for Debt Transactions

Vancouver, BC, July 30, 2020 /CNW/ - Boreal Metals Corp. ("Boreal" or the "Company") (TSXV: BMX) is pleased to announce that it is increasing its previously announced non-brokered private placement to approximately $3,000,000 (the "Private Placement").

2020-07-30 - Yahoo! Finance: BMX.V News

IIROC Trading Halt - BMX

VANCOUVER, BC, July 30, 2020 /CNW/ - The following issues have been halted by IIROC: Company: Boreal Metals Corp.TSX-Venture Symbol: BMXAll Issues: YesReason: At the Request of the Company Pending NewsHalt Time (ET): 10:36IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company.

2020-07-30 - Yahoo! Finance: GSPR.V News

GSP Resource Corp. Announces Private Placement With a Syndicate Led by Palisades Goldcorp

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.Vancouver, British Columbia , July 30, 2020 (GLOBE NEWSWIRE) -- GSP Resource Corp. (TSX-V: GSPR) (the “Company” or “GSP”) is pleased to announce that it has secured a $400,000 private placement of 1,333,334 units (each a “Unit”) at a price of $0.30 per Unit with a syndicate led by Palisades Goldcorp Ltd. (the “Private Placement”). Each Unit consists of one common share and one common share purchase warrant (the “Warrants”). Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.45 per share for a period of three (3) years following the date of issuance. No finder fees will be paid in connection with the Private Placement. The Private Placement is subject to final approval by the Exchange. All securities issued pursuant to the Private Placement are subject to a four-month hold period from the closing date in accordance with applicable securities laws.Proceeds from the Private Placement are expected to be used for exploration on the Alwin project and general working capital purposes.About Palisades Goldcorp: Palisades Goldcorp is Canada's new resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of the industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration & development company focused on projects located in Southwestern British Columbia.  The Company has an option to acquire a 100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops Mining Division, as well as an option to acquire 100% interest and title to the Olivine Mountain Property in the Similkameen Mining Division.Contact Information - For more information, please contact: Simon Dyakowski, Chief Executive Officer & Director Tel: (604) 619-7469 Email: simon@gspresource.comNeither 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 does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.Forward-Looking InformationThis news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, use of funds from the Private Placement, future exploration work on the Company’s projects, final TSXV approval of the Private Placement, and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. 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 actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies, including the price of metals, the ability to achieve its goals, and that general business and economic conditions will not change in a material adverse manner. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital, general economic, market, business conditions, failure to maintain all necessary government permits, equipment failures, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, approvals and authorizations, and failure to maintain community acceptance (including First Nations). The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

2020-07-30 - Yahoo! Finance: PUC.V News

Pancon Announces Debt Settlement

Toronto, Ontario--(Newsfile Corp. - July 30, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") reports that it has agreed to settle an aggregate of CAD$33,400 of indebtedness owed to a non-arm's length creditor through the issuance of 417,500 common shares in the capital of the Company (the "Common Shares") at a price of $0.08 per Common Share (the "Debt Settlement"). All Common Shares issued in connection with the Debt Settlement ...

2020-07-30 - Yahoo! Finance: OGC.TO News

The OceanaGold (TSE:OGC) Share Price Is Up 68% And Shareholders Are Holding On

When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...

2020-07-30 - Yahoo! Finance: SVM.TO News

Analysts Estimate Silvercorp (SVM) to Report a Decline in Earnings: What to Look Out for

Silvercorp (SVM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2020-07-30 - Yahoo! Finance: SSRM.TO News

SSR Mining (SSRM) Earnings Expected to Grow: What to Know Ahead of Next Week&#39;s Release

SSR Mining (SSRM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2020-07-30 - Yahoo! Finance: BTO.TO News

Here&#39;s Why B2Gold (BTG) is a Great Momentum Stock to Buy

Does B2Gold (BTG) have what it takes to be a top stock pick for momentum investors? Let's find out.

2020-07-30 - Yahoo! Finance: NGT.TO News

Newmont&#39;s (NEM) Earnings and Sales Miss Estimates in Q2

Newmont (NEM) witnesses higher AISC in Q2 due to care and maintenance costs related to the coronavirus pandemic.

2020-07-30 - Yahoo! Finance: LAB.V News

Labrador Gold to Webcast Live at virtualinvestorconferences.com July 31st

TORONTO, July 30, 2020 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQB:NKOSF) (“LabGold” or the “Company”) is pleased to announce that its President and CEO, Roger Moss, will be presenting at Virtual Investor Conferences on Friday, July 31st at 11:30 Eastern Daylight Time.  A live feed of the presentation will be available to investors by logging into https://www.tinyurl.com/073020MiningVIC and registering for the event. This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.Learn more about the event at www.virtualinvestorconferences.com.DATE: Friday, July 31st TIME: 11:30 AM – 12:00 PM ET LINK: https://www.tinyurl.com/073020MiningVICLabGold Highlights * Recently acquired Kingsway project encompasses 77km2 in the highly prospective Gander gold district of Newfoundland * Kingsway covers over 16 kilometres of strike length of the Appleton fault zone, associated with New Found Gold’s discovery hole of 92.86 g/t gold over 19 metres   * Project benefits from extensive prior exploration work demonstrating significant gold anomalies in all sample media suggesting a prospective environment for gold mineralization * Aggressive summer exploration program is planned to delineate targets for fall drillingRoger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.About Labrador Gold Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors. A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.CONTACTS:Labrador Gold Roger Moss, Ph.D., P.Geo President & CEO +1-(416) 704-8291 info@labradorgold.comOr visit our website at: www.labradorgold.comTwitter: @LabGoldCorpVirtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.comNeither 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 Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

2020-07-30 - Yahoo! Finance: GLV.V News

Global Vanadium Signs Option Agreement for Stony Lake East Gold Project in Newfoundland and Provides Update on Desert Eagle Project

Vancouver, British Columbia--(Newsfile Corp. - July 30, 2020) - Global Vanadium Corp. (TSXV: GLV) ("Global" or the "Company") has entered into an option agreement to acquire up to a 100% interest in the Stony Lake East Gold Project located in the Grand Falls - Bishops Falls area of the Province of Newfoundland from District Copper Corp. ("District"). The project is comprised of 8 mineral licenses covering a total of 13,625 hectares. Global ...

2020-07-30 - Yahoo! Finance: NGT.TO News

Rising Price of Gold Brings Miner Newmont’s Earnings in Right on Target

Investors have embraced gold as a hedge against inflation and other risky assets amid the Covid-19 pandemic.

2020-07-30 - Latest updates

Superior Gold Inc. Initiates Process to Maximize Shareholder Value

2020-07-30 - Yahoo! Finance: GRG.V News

Golden Arrow Starts First Diamond Drill Program at Tierra Dorada Gold Project, Paraguay

Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report that it is initiating a 500-metre diamond drilling program at the Tierra Dorada gold project in Paraguay. At the Alvaro target area, mapping and sampling has delineated at least four prospective gold vein showings, and sampling has returned multiple high-grade gold assays from these veins (see News Releases dated December 5, 2019 and May 27, 2020). The most recent trench channel samples returned assays of 11.14 g/t gold and 6.36 g/t gold from a 0.78 wide vein at Trench T-6 in Showing 4 (see Figure 1: https://bit.ly/39B8N4O). The drill program will test these showings in more detail and at greater depths.

2020-07-30 - Yahoo! Finance: NTR.TO News

Nutrien&#39;s(TSE:NTR) Share Price Is Down 37% Over The Past Year.

Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. But if...

2020-07-30 - Yahoo! Finance: RUP.V News

Rupert Resources Reports Results for 3 Months to 31 May 2020

Rupert Resources Ltd. ("Rupert Resources" or the "Company") reports that it has published its financial results for the three months ending May 31, 2020 and accompanying Management Discussion and Analysis for the same period. Both of the above have been posted on the Company’s website www.rupertresources.com and on Sedar at www.sedar.com.

2020-07-30 - Yahoo! Finance: SWA.V News

Trade Alert: The Chief Executive Officer Of Sarama Resources Ltd (CVE:SWA), Andrew Robert Dinning, Has Just Spent US$75k Buying 5.8% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Sarama Resources Ltd (CVE:SWA) Chief...

2020-07-30 - Yahoo! Finance: GUG.V News

InvestmentPitch Media Video Features Gungnir Resources and its Gold and Base Metal Projects in Northern Sweden - Video Available on Investmentpitch.com

Vancouver, British Columbia--(Newsfile Corp. - July 30, 2020) -  Today's feature company is Gungnir Resources (TSXV: GUG) (OTC PINK: ASWRF), a Canadian-based mineral exploration company with gold and base metal permits in northern Sweden. The company has three projects, with its key project, Knaften, hosting high-grade gold, VMS and copper-nickel targets, all of which are open for expansion and further discovery. The company also holds two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, located east of ...

2020-07-30 - Yahoo! Finance: EMR.V News

Emgold Closes CDN $2.0 Million Private Placement

VANCOUVER, BC / ACCESSWIRE / July 30, 2020 / Emgold Mining Corporation ("Emgold" or the "Company") (TSXV:EMR)(OTC PINK:EGMCF)(FRA:EMLN) announces that it has completed the non-brokered private placement (the "Offering") described in its news releases dated July 21 and 22, 2020.

2020-07-30 - Yahoo! Finance: BTR.V News

Bonterra Receives Approval and Plans to Increase the Bulk Sample at Moroy

Val-d'Or, Quebec--(Newsfile Corp. - July 30, 2020) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") is pleased to announce an increase of 5,000 tonnes to its now 10,000 tonnes bulk sample currently underway at the Moroy Project.In December 2019, the Ministry of Energy and Natural Resources ("MERN") gave approval to extract 5,000 tonnes of mineralized material from the Moroy zone. This week, the MERN authorized an additional 5,000 tonnes, ...

2020-07-30 - Yahoo! Finance: KORE.V News

KORE Mining Takes Dominant Position in Cariboo Gold District

KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") announces that the Company has increased its land holding in the Cariboo Gold District ("District") of British Columbia by 330%. KORE is now the dominant land holder of the southern half of the District with Osisko Gold Royalties Ltd's (TSX:OR) Barkerville / Cariboo Gold Project controlling the north.

2020-07-30 - Yahoo! Finance: RHC.V News

Royal Helium Readies for First Drill Program at its Climax Helium Play

SASKATOON, SK, July 30, 2020 /CNW/ - Royal Helium Ltd., ("Royal" or the "Company") (TSXV: RHC) reports that is has received the final analysis from the triaxial magnetic survey conducted over its Climax helium permit lands located in south western Saskatchewan.

2020-07-30 - Yahoo! Finance: MD.V News

Midland and Probe Metals Form a Major Joint Venture to Control a 35-kilometre Position South of Wallbridge’s Fenelon and Tabasco Deposits

Figure 1 New JV with ProbeMONTREAL, July 30, 2020 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the execution of an important joint venture agreement with Probe Metals Inc. (“Probe”) to the south of the Fenelon and Tabasco deposits held by Wallbridge Mining Company Ltd (“Wallbridge”).   This agreement enables Midland and Probe to hold respective interests of 50% in the joint venture properties, and to control more than 35 kilometres along the regional Lower Detour Fault and its subsidiary structures. Probe will be project operator and a technical committee consisting of two members of each party will be created. This new JV will be named the Gaudet-Fenelon project.Properties subject to this new joint venture total 226 claims, cover a surface area of 125 km2 and include Midland’s Gaudet (94 claims) and Samson NW (67 claims) properties and Probe’s Fenelon-Nantel (65 claims) property.Gaudet property The Gaudet property consists of 94 claims (53 km2) and covers, over a distance of more than 10 kilometres, a volcano-sedimentary sequence located between the Sunday Lake and Lower Detour faults. Last December, Wallbridge announced drill results on Fenelon (Tabasco zone) with values up to 22.73 g/t Au over 48.01 metres (see press release by Wallbridge dated December 3, 2019). More recently, the discovery of the Reaper showing by Balmoral Resources Ltd (“Balmoral”), recently acquired by Wallbridge, yielded high gold grades in drill hole reaching 308 g/t Au over 2.97 metres, including 858 g/t Au over 1.06 metre south of Area 51 (see press release by Balmoral dated April 30, 2020).  Note: Mineralization occurring at the Fenelon/Tabasco deposit and Reaper discovery held by Wallbridge is not necessarily indicative of mineralization that may be found on projects held by Midland described in this press release. The results of a detailed HR Mag survey recently conducted by Vision 4K along flight lines spaced 50 metres apart provided a very high level of structural detail, and specifically outlined a major structural domain marked by a NW-SE-trending magnetic grain over a width estimated at more than 500 metres. This structural domain, which exhibits several structures with the same NW-SE orientation as Wallbridge’s Tabasco zone, intersects and demagnetizes another magnetic lineament further south, the latter oriented E-W, that lies proximal to a major N-S-trending interpreted fault zone. The entire area is deemed high priority and has never been drill-tested.An IP survey totalling more than 40 kilometres is scheduled to begin shortly along grid lines spaced 100 metres apart, in order to define new drilling targets within this high-priority structural domain located south of the Fenelon/Tabasco deposit and the Reaper discovery held by Wallbridge.Fenelon-Nantel propertyExploration highlights on Probe’s Fenelon-Nantel part of the JV property include historical drilling grading up to 11.4 g/t Au over 0.6 metre and identification of several Induced Polarisation (IP) anomalies targets along magnetic structures within the Lower Detour Gold Trend.Samson NW propertyThe Samson NW property is adjacent to the southeast of the Fenelon-Nantel property and covers, over a distance of more than 15 kilometres, a number of splay faults south of the regional Lower Detour Fault. Drilling by Midland in 2015 had confirmed the presence of ultramafic rocks in the northern portion of this block.In the short term, the ongoing exploration work by Midland and Probe will continue under the JV agreement in order to define new drilling targets within the high-priority area located south of the Fenelon/Tabasco deposit and the Reaper discovery, both held by Walbridge (Tabasco Zone – grades reaching 27.0 g/t Au over 38.4 metres, 20.9 g/t Au over 8.5 metres and 17.6 g/t Au over 11.0 metres). Since 2009, Midland has been one of the most aggressive mineral exploration companies to take a strategic position in the Detour belt and is now the leading claimholder in this area. Midland has built an impressive portfolio of seven (7) high-quality gold properties now totalling 1,491 claims (820 km2). These land positions provide the Company with a commanding position on the major Sunday Lake and Lower Detour faults and/or their subsidiaries, over a total combined distance of more than 85 kilometres, along the lateral extensions of the Detour Lake mine* and recent gold discoveries in Zone 58N*, Area 51-Fenelon* and Martiniere-Bug Lake* (*please refer to note at the end of this press release). Midland is a Prospect Generator and applies the Joint-Venture model. Recently, Midland optioned to Probe its La Peltrie property (see press release by Midland dated July 9, 2020) and its Casault property to Wallbridge (see press release by Midland dated June 18, 2020). * Mines and deposits located near Midland projects in the Detour belt Detour Lake mine (Owned by Kirkland Lake Gold – Information from Kirkland Lake Gold website): The Detour Lake open pit mine hosts 12.64 million ounces of gold in proven and probable mineral reserves, consisting in 397.7 million tonnes grading 0.99 g/t Au (as at December 31, 2019). Zone 58N (Owned by Kirkland Lake Gold – Information from Kirkland Lake Gold website): This deposit hosts 2.87 million tonnes in indicated resources at a grade of 5.8 g/t Au (534,300 oz Au) and 0.97 million tonnes in inferred resources at a grade of 4.35 g/t Au (136,100 oz Au). Fenelon (Owned by Wallbridge Mining Company – Information from Wallbridge website): 2018-2019 bulk sampling: 33,233 tonnes at 18.49 g/t Au. Martiniere/Bug Lake (Owned by Wallbridge Mining Company – Information from Wallbridge website): This deposit hosts pit-constrained indicated resources totalling 6,827,000 tonnes at a grade of 1.96 g/t Au (431,000 oz Au) and underground indicated resources totalling 1,092,000 tonnes at a grade of 4.54 g/t Au (159,000 oz Au). Cautionary statements:Mineralization occurring at the mines and deposits listed above is not necessarily indicative of mineralization that may be found on projects held by Midland described in this press release. The true thickness of drill intercepts reported in this press release cannot be determined with the information currently available; intervals are thus reported in core length.About ProbeProbe 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 Inc. in March 2015. Newmont Corporation currently owns approximately 12% of the Company.About MidlandMidland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Wallbridge Mining Company Ltd., BHP Billiton Canada Inc., Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101, who also approved the technical content of this press release.For further information, please consult Midland’s website or contact:Gino Roger, President and Chief Executive Officer Tel.: 450 420-5977 Fax: 450 420-5978 Email: info@midlandexploration.comWebsite: www.midlandexploration.comNeither 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 may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a372776-35aa-4060-b021-b7eff2fdd9a4

2020-07-30 - Yahoo! Finance: PRB.V News

Probe Metals Enters into Joint Venture Agreement with Midland on the Detour Gaudet-Fenelon Project

Figure 1 Claims Map – Detour Quebec Probe Midland JVTORONTO, July 30, 2020 (GLOBE NEWSWIRE) -- Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has entered into a joint venture agreement (the “Agreement”) with Midland Exploration. (“Midland”) on the Detour Gaudet-Fenelon Project (the “JV Project”). Under the terms of the Agreement, Probe and Midland will each have a 50% participating interest in the JV Project. The JV Project includes 226 claims and covers a surface area of 125 square kilometres. This includes 65 claims covering 37 square kilometres from Probe’s Detour Fenelon-Nantel property and 161 claims covering 88 square kilometres from Midland’s Gaudet and Samson properties located east and southwest of Probe’s Fenelon-Nantel property. The Project is contiguous with Probe’s Detour Quebec 100% owned project and its consolidated package, which now stands at 1,330 claims representing 724 square kilometres along the prolific and highly prospective Detour Gold Belt. Probe will remain the operator and each party will be responsible for funding its proportionate share of expenditures on the JV Project. David Palmer, President and Chief Executive Officer of Probe, states: “Detour is probably one of Quebec’s least explored gold producing belts and, given the recent activity and results coming from this area, provides us with an excellent discovery stage project.  To be able to consolidate such an extensive, contiguous land package not only provides us with significant exploration upside, it also allows us to carry out regional exploration programs that will tie, geology, geophysics and geochemistry into one cohesive model and increase our chances of success.  It is a rare opportunity to assemble such a district scale project and we will be increasing our exploration presence in 2020.”The Gaudet-Fenelon JV Project consists of 35 km long strategic land position along the Lower Detour Gold Trend (LDGT) located 4 kilometres south of the Fenelon and Tabasco gold deposits. Historically, limited drilling and geophysics has been done on the JV Project. In the recent years, Midland and Probe have been actively consolidating the land and performing modern geophysics in some parts of the JV property. Exploration highlights on Probe’s Fenelon-Nantel section of the JV property include historical drilling grading up to 11.4 over 0.6 metre and identification of several Induced Polarisation (IP) anomalies targets along magnetic structures within the LDGT. On Midland’s Gaudet property of the JV, following the completion of a high-resolution airborne magnetic survey, a structural domain similar to the Fenelon gold-bearing structural setting was identified. The intersection of this structural domain with the LDGT, represents an area of interest on the JV property spanning 25 square kilometres with very good exploration potential.In the short term, the ongoing exploration work by Probe and Midland will continue under the JV agreement in order to define new drilling targets within the high-priority area located south of the Fenelon and Tabasco deposits and the Reaper discovery, both held by Wallbridge (Tabasco Zone - grades reaching 22.7 g/t Au over 48 metres, 43.5 g/t over 19 metres and 32.2 g/t Au over 9.7 metres – source: Wallbridge website). An IP survey totalling more than 40 kilometres is scheduled to begin shortly in order to define new drilling targets within the high-priority area.Figure 1: Claims Map – Detour Quebec Probe Midland JV https://www.probemetals.com/site/assets/files/1482/probe_metals_dq_map.jpgProbe recently optioned La Peltrie property from Midland (see the Company’s news release dated July 9, 2020).Probe’s Detour Quebec ProjectThe discovery stage Project covers an area of 724 square kilometres along the Detour Gold Trend, including the La Peltrie property option and the new Gaudet-Fenelon JV property, and is located 190 kilometres north of Rouyn-Noranda and 40 kilometres northwest of the town of Matagami, Quebec, and hosts the Sunday Lake, Massicotte and Lower Detour Lake gold deformation zones (See Figure 1). The Project is located along the lateral extensions of the Detour Lake mine and recent high-grade gold discoveries in Zone 58N, Fenelon/Tabasco, Area 51 and Martiniere/Bug Lake. The area has seen recent activity with the C$4.9 billion acquisition of Detour Gold Corporation (which operates the Detour Lake mine in Ontario along the Sunday Lake Fault) by Kirkland Lake Gold Ltd. (see Kirkland Gold press release dated January 31st, 2020) and the consolidation of Balmoral Resources Ltd. by Wallbridge Mining Company Ltd. (see Wallbridge Mining press release dated March 2nd, 2020 and Balmoral press release dated April 6, 2020).Qualified Persons The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Marco Gagnon, P.Geo, Executive Vice President, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").About Midland Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Probe Metals Inc., Wallbridge Mining Company Ltd., BHP Billiton Canada Inc., Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.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 Inc. in March 2015. Newmont Corporation currently owns approximately 12% 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 Sindwani Director of Investor Relations info@probemetals.com +1.416.777.9467Forward-Looking StatementsNeither 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, 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.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc8652cd-becb-4f72-87d8-e3ef9a39350d

2020-07-30 - Yahoo! Finance: KG.V News

Klondike Gold 2020 Lone Star Zone Drilling Results

VANCOUVER, BC / ACCESSWIRE / July 30, 2020 / Klondike Gold Corp.

2020-07-30 - Yahoo! Finance: AGLD.V News

Austral Gold Announces Filing of Q2 2020 Quarterly Activity Report

Sydney, Australia--(Newsfile Corp. - July 30, 2020) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the "Company") is pleased to announce the is pleased to announce that it has filed its Q2 2020 Quarterly Activity Report. The Report is available under the Company's profile at www.asx.com.au, www.sedar.com and on the Company's website at www.australgold.com.About Austral GoldAustral Gold Limited is a growing gold and silver mining, development and exploration company building a portfolio of quality ...

2020-07-30 - New Age Metals Inc.

New Age Metals Recommences Drilling and Environmental Studies at River Valley Palladium Project Near Sudbury

The River Valley Project is one of North America’s largest undeveloped primary Palladium projects. The Project has excellent infrastructure and is within 100 km of the Sudbury Metallurgical Complex. The Project is 100% owned by New Age Metals The Company contracted Jacobs & Samuel Drilling Ltd of Val Caron, Ontario to conduct a Phase 2, […]

2020-07-30 - Yahoo! Finance: JLR.V News

IIROC Trading Halt - JLR

VANCOUVER, BC, July 30, 2020 /CNW/ - The following issues have been halted by IIROC: Company: Jiulian Resources Inc.TSX-Venture Symbol: JLR All Issues: YesReason: At the Request of the Company Pending NewsHalt Time (ET): 8:06 AMIIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company.

2020-07-30 - Yahoo! Finance: LAB.V News

Labrador Gold Announces Start of Trading on OTCQB Under the Ticker NKOSF

TORONTO, July 30, 2020 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQB:NKOSF) (“LabGold” or the “Company”) is pleased to announce that its common shares have been accepted for trading on the OTCQB, a U.S. stock market that is based in New York City and operated by OTC Markets Group. The shares will trade on the OTCQB under the ticker symbol NKOSF and will commence trading today, July 30, 2020. “We are very pleased to be trading on the OTCQB and to expand our outreach into the U.S.,” said Roger Moss, President and CEO of the Company. “The listing will open up a new market and is part of LabGold’s ongoing effort to increase awareness of the value of its flagship Kingsway gold project and increase liquidity in the trading of its shares.”The Kingsway gold project covers 77 square kilometres of highly prospective ground in the Gander gold district of Newfoundland in Eastern Canada. The project is located immediately adjacent to New Found Gold’s Queensway project and just 4.5 kilometres along strike to the northeast of their recent discovery of 92.86 g/t gold over 19 metres. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). Most importantly, the project covers 16 kilometres of strike length of the Appleton Fault zone which is associated with the recent discovery as well as other gold occurrences in the district. As such, LabGold is the only company in the district, other than New Found Gold, with ground covering this major crustal structure with a demonstrated association with gold mineralization.Prior gold exploration in the area covered by the Kingsway project has shown significant gold anomalies along the Appleton fault zone suggesting it remains a fertile structure for associated gold. The Company has compiled an extensive geochemical database that will allow it to efficiently target areas of potential gold mineralization for follow up during its summer work program.The Company has received approval for its exploration program which will consist of a large soil sampling program of 10,000 samples and a ground magnetic-VLF-EM survey covering all three licenses comprising the Kingsway Project. Results of the surveys, combined with geological mapping, will be used to delineate targets for a fall drill program. See news release dated July 27, 2020 for further details of the planned exploration program.Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.About Labrador Gold Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. The three licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.The Company has 91,584,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.For more information please contact:             Roger Moss, President and CEO      Tel: 416-704-8291Or visit our website at: www.labradorgold.comTwitter: @LabGoldCorpNeither 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 Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

2020-07-30 - Yahoo! Finance: NGT.TO News

Newmont Corporation (NEM) Lags Q2 Earnings and Revenue Estimates

Newmont (NEM) delivered earnings and revenue surprises of -5.88% and -0.15%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

2020-07-30 - Yahoo! Finance: NGT.TO News

Newmont: Q2 Earnings Insights

Shares of Newmont (NYSE:NEM) moved lower by 1% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share increased 166.67% year over year to $0.32, which missed the estimate of $0.33.Revenue of $2,365,000,000 rose by 4.79% year over year, which missed the estimate of $2,370,000,000.Outlook Newmont hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Jul 30, 2020View more earnings on NEMTime: 09:00 AMET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fpro.benzinga.com%2Fdashboard%2F&eventid=2403610&sessionid=1&key=9D2317EEE2A4454B3462A9807D6CCAD2®Tag=&sourcepage=registerPrice Action Company's 52-week high was at $70.30Company's 52-week low was at $33.00Price action over last quarter: Up 8.73%Company Profile Newmont is the world's largest gold producer. In 2019, the company produced 6.3 million attributable ounces of gold and 624 million attributable gold equivalent ounces from the sale of byproducts. On a long-term basis, the company expects to produce 6.2 to 6.7 million ounces of annual gold production while driving all-in sustaining costs down to $800 per $900 per ounce. In comparison, 2019 AISC was $966 per ounce.See more from Benzinga * Earnings Scheduled For July 30, 2020 * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

2020-07-30 - Yahoo! Finance: ZEN.V News

ZEN Begins Commercial Collaborations

Guelph, Ontario--(Newsfile Corp. - July 30, 2020) - ZEN Graphene Solutions Ltd. (TSXV: ZEN) ("ZEN", or the "Company") is pleased to announce it has commenced collaborations with research teams at a number of personal protective equipment (PPE) manufacturers to incorporate ZEN's virucidal graphene ink into commercial products, including masks, gloves, gowns and other clothing following Zen's promising results for an antiviral, graphene-based ink formulation from The University of Western Ontario's ...

2020-07-30 - Yahoo! Finance: MAE.V News

Maritime Resources Announces $6,000,000 Bought Deal Private Placement

Toronto, Ontario--(Newsfile Corp. - July 30, 2020) - Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP ("Sprott") on its own behalf and on behalf of a syndicate of underwriters (together with Sprott referred to collectively as the "Underwriters") to issue, on a "bought deal" private placement basis, $6,000,000 of securities of the Company (the "Offering"), consisting of 26,666,667 ...

2020-07-30 - Yahoo! Finance: MEK.V News

Metals Creek Samples 11.8 g/t Gold at Careless Cove, Central Newfoundland

Toronto, Ontario--(Newsfile Corp. - July 30, 2020) - Metals Creek Resources Corp. (TSXV: MEK) (the "Corporation") is pleased to report results from recent prospecting activities on its Careless Cove property in Central Newfoundland. The results include 11.8 grams per tonne (g/t) gold (Au) in grab samples. The Careless Cove claim block is one of two 100% owned claim blocks comprising the Careless Cove/Yellow Fox Property. The claims are located approximately 12 kilometers southwest of New ...

2020-07-30 - Yahoo! Finance: GTR.V News

Gatling to Commence AI Target Generation at Larder Gold Project, Ontario

VANCOUVER, BC / ACCESSWIRE / July 30, 2020 / GATLING EXPLORATION INC.

2020-07-30 - Yahoo! Finance: ROCK.V News

Rockridge Plans Minimum 3,000 Metre Diamond Drilling Program at its Raney High-Grade Gold Project Southwest of Timmins, Ontario

VANCOUVER, British Columbia, July 30, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce that it plans to conduct a diamond drilling program at its Raney Gold Project located southwest of Timmins, Ontario, Canada (the “Raney Gold Project” or “Property”). The results of the recently completed summer field program will assist in delineating and prioritizing drill targets over the broad structural corridor that hosts the high-grade gold mineralization.Raney Gold Project Location Map: http://www.rockridgeresourcesltd.com/_resources/maps/location_map_may2020a.jpgHighlights: * The Raney Gold Project is a large prospective gold property covering ~2,800 hectares located ~110 km southwest of the prolific gold district of Timmins, Ontario * A fully-funded, minimum 3,000 metre diamond drilling program (approximately 10 holes) is now planned in the coming weeks * A drilling program completed earlier in the year (2,070 metres in nine diamond drill holes) to assess the potential of the mineralized gold system returned a highlight intercept of 28.0 g/t gold over 6.0 metres (see news release dated April 29, 2020); a primary drill target will be the down-dip extension of the previously reported high-grade zone in previously reported hole RN 20-06 * A recently completed summer field exploration program focused on delineating and prioritizing target areas along the broad gold bearing structural zone * Gold mineralization is associated with broad intervals of higher concentrations of narrow quartz veins hosted in an extensive structural corridor that may extend over several hundred metres, with no drilling completed over a large extent of this corridor; the mineralized structure is open along strike and at depth * Property has excellent access and infrastructure and is accessible by paved and forestry roadsPlan Map Showing Exploration Potential Along Extensive Structural Corridor: http://www.rockridgeresourcesltd.com/_resources/maps/updated-slides-ROCK-3.pdfDiamond Drilling Program:The gold mineralization at the Raney Gold Project is associated with local concentrations of narrow quartz veins that occur within a structural corridor. The structural corridor that hosts the mineralization is up to 125 metres wide and extends well beyond the small area tested by drilling. Historic mapping and surface sampling data show that the zone may extend over several kilometres along strike, with no drilling conducted along this corridor except for the ~225-metre-long main zone drill tested previously. A notable disruption in the airborne magnetic data approximately two kilometres west of the area where drilling has been concentrated and in line with the projected structural corridor provides a compelling target area.A diamond drilling program of a minimum of 3,000 metres in approx. 10 diamond drill holes is planned to test priority targets along the prospective corridor. A primary drill target will be the down-dip extension of the previously reported high-grade zone in previously reported hole RN 20-06 which returned 28.0 g/t Au over 6.0 m from 125.0 m to 131.0 m. Furthermore, results from the recently completed summer field program, which consisted of a drone magnetometer survey, detailed prospecting and mapping, and a geochemical orientation survey will assist in delineating and prioritizing target areas for drill testing.Cross Section of High-Grade Gold Mineralization in Hole RN 20-06: http://www.rockridgeresourcesltd.com/_resources/projects/raney-project-drilling-section-20200730.jpgRaney Gold Project Location:The Raney Gold Project is located within the highly prospective west extension of the Abitibi Greenstone belt, proximal to several regional deposits. Newmont’s Borden Gold mine (reserves of 4.17 MT @ 6.38 g/t Au for ~860k oz. Au reported in 2015) is located 35 km west of Raney. IAMGOLD and JV partner Sumitomo Metals Mining recently made a decision to proceed with construction of their Cote gold project located 75 km southeast of Raney. The Cote project, estimated to contain gold reserves of ~7 million ounces (~236MT @ 0.96 g/t Au), is noted as a “world-class” deposit by IAMGOLD. GFG Resources is a close neighbour that has acquired a large land package in the area including its Pen and Dore Gold Projects.Raney Gold Project Geology and History: A total of 2,070 metres in nine diamond drill holes were completed during the recent winter diamond drilling program. The drill program focused on the main zone over a strike extent of approximately 225 metres that produced the best historic intercept of 6.5 g/t gold over 8.0 metres back in 2010. Silicification and minor carbonate alteration were recognized, however gold mineralization appears to be closely related to intervals of high quartz vein density. The quartz veins are hosted in a steeply dipping alteration zone dominated by intermediate volcanic rocks consisting of lapilli tuffs and bedded argillites, with lamprophyre dikes. The quartz veins crosscut and run parallel to a weak fabric, and range in thickness from 0.5 cm to 20 cm in width.A zone of increased vein density has been noted where the historic visible gold intercepts occur. The recently drilled high-grade intercept of 28.0 g/t over 6.0 metres (uncut) from the 2020 winter program was the fourth drill hole on the Property to intercept visible gold, and all these occurrences were in the main zone near the 100-metre level. The broad structural corridor that hosts the mineralization is up to 125 metres wide and extends well beyond the area tested by drilling. No drilling has been conducted along this corridor except for the ~225-metre-long main zone.Historical