Gold

cross river coffee

Cross River Ventures

District-Scale Potential in Northwest Ontario

CRVC:CNX
CSE:CRVC


Overview

Having the right team to push the development and exploration of mineral-rich assets sets a great mining company apart from the good ones. Particularly for precious metal properties, striking gold can sometimes be half the battle.

Cross River Ventures (CSE:CRVC) is a gold exploration company focused on developing high-quality exploration properties in top-tier mining districts. The company currently has a robust project portfolio in Northwest Ontario, Canada, along prolific, gold-bearing greenstone belts.

The Cross River Ventures leadership combines unparalleled expertise and technical experience across its all-star team of accomplished individuals. Dr. Rob Carpenter and Dr. Alan Wainwright, the company’s leading technical advisors, helped lead the Kaminak team to success with the multi-million-ounce discovery Coffee gold project in the Yukon.

Likewise, Cross River Ventures’ exploration manager, Lori Paslawski, has a proven history with volcanogenic massive sulfide (VMS) ore and gold districts, and she was instrumental in the target generation, delineation and expansion of Westhaven Gold (TSXV:WHN) Shovelnose gold discovery.

The company’s flagship property is the McVicar Lake gold project, which spans over 11,500 hectares in the Lang Lake Greenstone belt in Northwest Ontario. The rest of Cross River Ventures’ portfolio currently consists of the Manitou project, the Fuchsite gold project, the Tahsis copper-gold project and its four properties in the Uchi Belt, including the Dent-Jackson project.

Cross River Ventures Projects

Exploration plans for 2021 include continued compilation efforts of historical data and assessment of all projects, acquisition of remote sensing data through LIDAR imagery and airborne magnetic surveys, field work and analytical sampling. Projected drilling phases are to begin at priority projects starting at the end of the year.

Company Highlights

  • Cross River Ventures is a gold exploration company focused on developing top-tier exploration properties in Ontario and British Columbia.
  • Its flagship McVicar gold project is a dominant land position that spans the main structural elements of the entire Lang Lake Greenstone Belt in Northwestern Ontario. The project hosts high-grade gold mineralization with extensive gold discovery potential.
  • Cross River’s project portfolio also consists of several highly prospective early-stage properties along the Uchi Greenstone Belt. This collection includes the Dent-Jackson, Shabu, Maskooch and Ear Falls properties.
  • The company also operates the Dryden Area Manitou project and Fuchsite gold project in Ontario and the Tahsis copper-gold project on Vancouver Island.
  • Cross River Ventures has a stellar technical team that includes big names such as Dr. Rob Carpenter, Dr. Alan Wainwright, Lori Paslawkshi and Daniel MacNeil.

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Recent News

Company News

Aben Resources Closes Private Placement

Aben Resources Ltd. is pleased to announce it has closed a non-brokered private placement financing for total gross proceeds of CAD $211,500.

Aben Resources Ltd.(TSX-V: ABN)(OTCQB: ABNAF) (Frankfurt: E2L2) ("Aben" or "the Company") is pleased to announce it has closed a non-brokered private placement financing for total gross proceeds of CAD $211,500 (the "Placement").

The Company has allotted and issued 6,042,857 units (the "Units") at a price of CAD $0.035 per Unit. Each Unit is comprised of one common share and one transferable warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional common share for a period of two (2) years at a price of CAD $0.05 per share.

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B2Gold Reports Strong Q2 2022 Results with Cash Operating Costs and All-In Sustaining Costs Below Budget; Full-year 2022 Total Consolidated Gold Production and Cost Guidance Remains Unchanged

B2Gold Corp.   is pleased to announce its operational and financial results for the second quarter and first half of 2022. The Company previously released its gold production and gold revenue results for the second quarter and first half of 2022. All dollar figures are in United States dollars unless otherwise indicated. 2022 Second Quarter Highlights Total gold production of 223,623 ounces ), slightly above budget ...

B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its operational and financial results for the second quarter and first half of 2022. The Company previously released its gold production and gold revenue results for the second quarter and first half of 2022. All dollar figures are in United States dollars unless otherwise indicated.

2022 Second Quarter Highlights
  • Total gold production of 223,623 ounces (including 14,765 ounces of attributable production from Calibre Mining Corp. ("Calibre")), slightly above budget by 1% (2,154 ounces), and consolidated gold production of 208,858 ounces from the Company's three operating mines, in line with budget
  • Consolidated gold revenue of $382 million on sales of 205,300 ounces at an average realized gold price of $1,861 per ounce
  • Fekola's mill throughput was a quarterly record of 2.42 million tonnes, 8% above budget and 6% higher than the second quarter of 2021
  • Total consolidated cash operating costs (see "Non-IFRS Measures") (including estimated attributable results for Calibre) of $781 per ounce produced and consolidated cash operating costs from the Company's three operating mines of $766 per ounce produced, both 2% below budget
  • Total consolidated all-in sustaining costs ("AISC") (see "Non-IFRS Measures") (including estimated attributable results for Calibre) of $1,111 per ounce sold and consolidated AISC from the Company's three operating mines of $1,109 per ounce sold, both well below budget by 7%
  • Net income attributable to the shareholders of the Company of $38 million ( $0.04 per share); adjusted net income (see "Non-IFRS Measures") attributable to the shareholders of the Company of $45 million ( $0.04 per share)
  • On July 3, 2022 , the Economic Community of West African States ("ECOWAS") removed the economic, financial and diplomatic sanctions imposed on Mali earlier in 2022 following the interim Malian Government's announcement of a two-year transition to presidential elections and the promulgation of a new electoral law. As a result, Mali's borders with its neighbours are now open to normal commercial traffic and ordinary supply routes are once again available
  • The Company remains in a strong net positive cash position and paid a second quarter dividend of $0.04 per common share (annualized rate of $0.16 per common share), representing one of the highest dividend yields in the gold sector
  • The Company recently announced the acquisition of Oklo Resources Limited ("Oklo"), which will provide B2Gold with an additional landholding of 1,405 km 2 covering highly prospective greenstone belts in Mali , including Oklo's flagship Dandoko project (550 km 2 ), located approximately 25 kilometres from each of the Fekola Mine and the Anaconda area. The transaction is expected to be completed in mid-September 2022
  • B2Gold published its sixth annual Responsible Mining Report entitled "Raising the Bar", which details B2Gold's global economic contributions and its environmental, social, and governance management practices, together with the Company's performance against key indicators in 2021
2022 First Half Highlights
  • Total gold production of 432,988 ounces (including 27,657 ounces of attributable production from Calibre), above budget by 3% (11,914 ounces), and consolidated gold production of 405,331 ounces from the Company's three operating mines, above budget by 2% (7,383 ounces)
  • Consolidated gold revenue of $748 million on sales of 400,400 ounces at an average realized gold price of $1,867 per ounce
  • Total consolidated cash operating costs (including estimated attributable results for Calibre) of $742 per ounce produced, well below budget by 7%, and consolidated cash operating costs from the Company's three operating mines of $722 per ounce produced, well below budget by 8%
  • Total consolidated AISC (including estimated attributable results for Calibre) of $1,074 per ounce sold, significantly below budget by 15%, and consolidated AISC from the Company's three operating mines of $1,069 per ounce sold, significantly below budget by 16%
  • Net income attributable to the shareholders of the Company of $119 million ( $0.11 per share); adjusted net income attributable to the shareholders of the Company of $110 million ( $0.10 per share)
  • For full-year 2022, B2Gold remains well positioned for continued strong operational and financial performance and remains on track to achieve its total consolidated gold production guidance of between 990,000 - 1,050,000 ounces (including 40,000 - 50,000 attributable ounces projected from Calibre). Overall and after factoring in the positive operating results in the first half of 2022, the Company's total consolidated costs guidance ranges for full-year 2022 remain unchanged with total consolidated cash operating costs forecast to be at the upper end of the Company's guidance range of between $620 and $660 per ounce and total consolidated AISC forecast to be within the Company's guidance range of between $1,010 and $1,050 per ounce
Gramalote Project Update

Based on the preliminary results of the optimized feasibility study for the Gramalote gold project in Colombia (the "Gramalote Project"), a joint venture between B2Gold and AngloGold Ashanti Limited ("AngloGold"), both partners have determined that the project does not currently meet their investment thresholds for development of the project at this time. Therefore, in conjunction with finalizing the Gramalote Feasibility Study by the end of the third quarter of 2022, B2Gold and AngloGold have jointly made the decision to review the alternatives for the Gramalote Project over the coming months.

News Provided by PR Newswire via QuoteMedia

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Barrick Board Visits NGM to View Growth Pipeline

Three years after the formation of the joint venture that created the world’s largest gold mining complex, Nevada Gold Mines is stepping out on its next growth phase by identifying new opportunities for discoveries and additions, Barrick president and chief executive Mark Bristow said here today. Nevada Gold Mines is 61.5% owned and operated by Barrick Gold Corporation with Newmont Corporation owning the rest. ...

All amounts expressed in US dollars.

Three years after the formation of the joint venture that created the world's largest gold mining complex, Nevada Gold Mines (NGM) is stepping out on its next growth phase by identifying new opportunities for discoveries and additions, Barrick president and chief executive Mark Bristow said here today. Nevada Gold Mines is 61.5% owned and operated by Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) with Newmont Corporation owning the rest.

News Provided by GlobeNewswire via QuoteMedia

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Newmont Announces Senior Leadership Appointments

Today, Newmont Corporation announced the appointment of two senior operational leaders to key roles within the Company. Mia Gous will lead Newmont’s Australia Region as Senior Vice President Australia. Alex Bates has been named Senior Vice President - Workplace Responsibility, with a focus to strengthen Newmont’s commitment to providing a safe, healthy and equitable workplace. “Newmont continues to leverage ...

Today, Newmont Corporation (NYSE: NEM, TSX: NGT) announced the appointment of two senior operational leaders to key roles within the Company. Mia Gous will lead Newmont's Australia Region as Senior Vice President Australia. Alex Bates has been named Senior Vice President - Workplace Responsibility, with a focus to strengthen Newmont's commitment to providing a safe, healthy and equitable workplace.

"Newmont continues to leverage our deep bench of experienced leaders with the appointment of Mia Gous and Alex Bates to these critical roles. Their individual strengths, including extensive operational and management expertise, will be tremendous assets to Newmont as we continue to lead the gold industry through our world-class portfolio of assets and project pipeline," said Newmont President and CEO Tom Palmer. "Equally important, they will both be key leaders as we strengthen our commitment to create an environment where everyone is welcomed, feels safe and can contribute and develop to their full potential."

News Provided by Business Wire via QuoteMedia

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