Nevada Gold Mines

Barrick On Track to Achieve 2024 Targets

Retrieved on:

Tuesday, April 16, 2024

Copper, News, Economics, Depreciation, WGC, MD, FGS, Mineral Resources Limited, National Instrument 43-101, Public expenditure, Gold, Nevada Gold Mines, National instrument, Master of Philosophy, Mining, Evaluation

TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ("Barrick" or the "Company") today reported preliminary Q1 production of 940 thousand ounces of gold and 40 thousand tonnes of copper, as well as preliminary Q1 sales of 910 thousand ounces of gold and 39 thousand tonnes of copper. As previously guided, Barrick’s gold and copper production in 2024 is expected to progressively increase each quarter through the year, with the Pueblo Viejo plant expansion ramping up from Q2 and the Porgera mine restart continuing in line with plans. We remain on track to achieve our full year gold and copper guidance.

Key Points:

C1 cash costs per pound and all-in sustaining costs per pound are non-GAAP financial measures related to our copper mine operations.
C1 cash costs per pound excludes royalties and production taxes and non-routine charges as they are not direct production costs.
Barrick will provide a full reconciliation of these non-GAAP financial measures when the Company reports its quarterly results on May 1, 2024.
Barrick will provide additional discussion and analysis and other important information about its first quarter production levels, sales and associated costs when it reports actual results on May 1, 2024.

Barrick to Grow Production and Value on Global Asset Foundation

Retrieved on:

Friday, March 15, 2024

TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Barrick’s peerless gold and rapidly growing copper portfolios now extend across all the major gold and copper districts worldwide, providing the company with a solid base from which to grow its production and value, directed by a proven strategy and supported by a broad spectrum of skills, says president and chief executive Mark Bristow in the 2023 Annual Report published today.

Key Points:

Additional asset optimization, further exploration growth, new project initiatives and divestitures are not included.
Our five-year indicative outlook excludes: production from Fourmile; Pierina, and Golden Sunlight, both of which are currently in care and maintenance; and production from long-term greenfield optionality from Donlin, Pascua-Lama, Norte Abierto and Alturas.
“Free cash flow” is a non-GAAP financial measure that deducts capital expenditures from net cash provided by operating activities.
The words “potential”, “grow”, “maintain”, “opportunity”, “investment”, “discovery”, “continue”, “extend”, “will”, “forecast”, “target”, “developing”, “focus”, “believe” and similar expressions identify forward-looking statements.

Newmont Announces Balanced Capital Allocation Strategy and Return of Capital Framework Supported by Portfolio of Tier 1 Operations and Projects*

Retrieved on:

Thursday, February 22, 2024

"Newmont's go-forward portfolio is the new standard for gold and copper mining," said Tom Palmer, Newmont's President and Chief Executive Officer.

Key Points:

"Newmont's go-forward portfolio is the new standard for gold and copper mining," said Tom Palmer, Newmont's President and Chief Executive Officer.
It is from this platform that Newmont has established a balanced shareholder return framework, designed to return capital to shareholders through a stable base dividend and share repurchase program.
Newmont’s Tier 1 portfolio also includes attributable production from the Company’s equity interest in Lundin Gold (Fruta del Norte).
Tier 1 Portfolio cost and capital metrics include the proportional share of the Company’s interest in the Nevada Gold Mines Joint Venture.

i-80 Gold Announces Best Results To-Date from Underground Drilling at Cove

Retrieved on:

Tuesday, March 5, 2024

Nevada Gold Mines, TSX, Gold, GOLD, Phoenix Mine, Lone, Limestone

The new results are from results that continue to be received from drilling completed in 2023 to define the Helen Zone, the first horizon expected to be accessed at the Cove Mine.

Key Points:

The new results are from results that continue to be received from drilling completed in 2023 to define the Helen Zone, the first horizon expected to be accessed at the Cove Mine.
The program is confirming high‑grade mineralization over appreciable thickness including multiple lenses in some parts of the deposit (see Figure 2).
Highlight new results from drilling at McCoy-Cove include:
"Results received to-date have met or exceeded our expectations as definition drilling continues to confirm that Cove is one of the highest-grade, development-stage, gold deposits in North America.
"Deposits with grades in excess of ten grams per tonne gold over widths frequently in excess of ten metres are rare.

i-80 Gold Announces High-Grade Results from Underground Drilling at Cove

Retrieved on:

Tuesday, February 13, 2024

Nevada Gold Mines, TSX, Gold, GOLD, Phoenix Mine, Lone

The new results are from drilling completed in 2023 designed to define the Helen Zone, the first horizon expected to be accessed at the Cove Mine.

Key Points:

The new results are from drilling completed in 2023 designed to define the Helen Zone, the first horizon expected to be accessed at the Cove Mine.
This release includes results from drilling in the northwest portion of the Helen Zone with a complete summary provided in Table 1.
Highlight new results from the 2023 drilling program at McCoy-Cove include:
"Deposits with continuous high-grade gold mineralization over substantial widths like those at Cove are rare.
"Our ongoing program continues to confirm that Cove is one of the highest-grade, development-stage, projects in North America.

NGM Strongly Positioned for Growth

Retrieved on:

Saturday, February 10, 2024

Woman, Workforce, Barrick Gold, Nevada Gold Mines, TSX, Mining, Gold rush, Newmont, NGM, Ageing, Gold, Nursing

ELKO, Nev., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Nevada Gold Mines (NGM) has come a long way since 2019 when Barrick and Newmont pooled their assets in the state to create the world’s largest gold mining complex and is now making a strong start to the new year on the back of performance improvements and new growth prospects.

Key Points:

The most significant development, however, was the completion of the Goldrush permitting process at the end of 2023.
This enabled Cortez to accelerate the development of a key project which will already make a significant production contribution this year.
In the meantime, brownfields exploration has delivered an exciting pipeline of near-mine growth opportunities across Carlin, Cortez and Turquoise Ridge.
NGM also continues to invest in developing a new generation of skilled entrants to the mining industry.

Barrick Reports Higher Q4 Gold Production

Retrieved on:

Tuesday, January 16, 2024

Master of Philosophy, MD, Mining, Resource, Public expenditure, Economics, Gold, WGC, Depreciation, Copper, Nevada Gold Mines, National instrument, Mineral Resources Limited, News

TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) today reported preliminary full year and fourth quarter 2023 production results. On the back of higher Q4 production, preliminary gold production for the full year of 4.05 million ounces was consistent with our forecast as guided in our third quarter release.1 Preliminary copper production of 420 million pounds for 2023 was within the guidance range of 420 to 470 million pounds.

Key Points:

Total cash costs per ounce and all-in sustaining costs per ounce are non-GAAP financial measures which are calculated based on the definition published by the World Gold Council (“WGC”) (a market development organization for the gold industry comprised of and funded by gold mining companies from around the world, including Barrick).
Total cash costs start with our cost of sales related to gold production and removes depreciation, the non-controlling interest of cost of sales and includes by-product credits.
C1 cash costs per pound excludes royalties and production taxes and non-routine charges as they are not direct production costs.
Finally, Barrick cautions that this press release contains forward-looking statements with respect to: (i) Barrick’s production; and (ii) costs per ounce for gold and per pound for copper.

US Gold Corp. Issues 2024 CEO Update

Retrieved on:

Wednesday, January 10, 2024

Gold, USAU, Nevada Gold Mines, Cryptocurrency

CHEYENNE, Wyo., Jan. 10, 2024 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company," "we," "us" or "our"), a gold development and exploration company, today issued a CEO update outlining its recent and expected milestones, as it continues to advance its assets and projects (the "CEO Update") in 2024.

Key Points:

CHEYENNE, Wyo., Jan. 10, 2024 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company," "we," "us" or "our"), a gold development and exploration company, today issued a CEO update outlining its recent and expected milestones, as it continues to advance its assets and projects (the "CEO Update") in 2024.
Operational and strategic highlights follow:
Significant upside on additional resource, and aggregate opportunity
Largely unrecognized value of assets, held at minimal holding cost
Keystone – a highly prospective 20-square mile exploration asset in Nevada, on trend with Nevada Gold Mines' Cortez Complex

i-80 Provides 2023 Summary & 2024 Plans - Highlighting Numerous Achievements & Catalysts

Retrieved on:

Tuesday, January 9, 2024

Otto, PB, Granite Creek, CRD, Nevada Gold Mines, GOLD, See, NGM, Partnership, Mining, History, Archimedes, FAD, ZN, Completeness, Gold, TSX, SPZ, Rare-earth element

Numerous programs continue to be advanced to reach the Company's goal of building one of the largest precious metals producing companies in the United States.

Key Points:

Numerous programs continue to be advanced to reach the Company's goal of building one of the largest precious metals producing companies in the United States.
Ruby Hill is expected to become the Company's flagship project with ongoing plans to develop both gold and poly-metallic base metal deposits on the Property.
Drilling of the FAD deposit that is located approximately two kilometres to the south of Ruby Hill was also completed in 2023.
Multiple results remain pending from the 2023 program and additional definition and expansion drilling is planned in 2024.

i-80 Gold Releases High-Grade Results from Underground Drilling at Granite Creek

Retrieved on:

Thursday, December 14, 2023

Classification, Twin Creeks gold mine, Wismut (company), NYSE, GOLD, Mining, See, Nevada Gold Mines, Granite Creek, SPZ, TSX, Rare-earth element, Uranium mining, RENO

Prior to hole GCPU23-19, underground drilling was completed in the current areas being mined in the Ogee Zone and subsequent drilling is focused on the SPZ.

Key Points:

Prior to hole GCPU23-19, underground drilling was completed in the current areas being mined in the Ogee Zone and subsequent drilling is focused on the SPZ.
The initial results include some of the best results received to-date in the South Pacific Zone.
Highlight results from new underground drilling in the South Pacific Zone at Granite Creek include:
"Both surface and underground drilling in the South Pacific Zone confirm impressive high-grade gold mineralization, including over substantial widths.
The Granite Creek deposit remains open at depth and along strike.