Second Quarter Results Release: | August 11 th after market close |
Conference Call and Webcast: | August 12 th 10:00 am ET |
Dial–in Numbers: | Toll–Free: 1–888–390–0546 |
Webcast: | |
Replay (available until August 19 th ): | Toll–Free: 1–888–390–0541 |
View original content: https://www.prnewswire.com/news-releases/franco-nevada-to-release-second-quarter-2021-results-301327836.html
SOURCE Franco-Nevada Corporation
View original content: http://www.newswire.ca/en/releases/archive/July2021/08/c6237.html
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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."
Gous joined Newmont in 2021, as General Manager, Boddington, leading Newmont's Boddington operation, Western Australia's largest gold mine. Gous is a chemical engineer with significant leadership experience in driving operational excellence. Across her 27-year career in the mining industry, she has led heavy minerals, zinc, lead, copper and gold operations in Africa, Europe, South America and Australia. She has received the Influential Women in Chile – Leadership award and in 2019 was named to Chile's 100 Female Leaders list. As Senior Vice President – Australia, Gous will lead Newmont Australia's delivery of value through our core values of safety, sustainability, integrity, inclusion and responsibility.
Bates has been with Newmont since 2015, leading the Australia region as Senior Vice President since 2017. Prior to Newmont, he held senior operational leadership positions across the resources industry globally. Bates is a member of the Board of the Minerals Council of Australia, chairing the Safety and Sustainability committee. He has been a mentor for Women in Mining, West Australia and represents Newmont as a member of Australia's CEOs for Gender Equity.
In this new role, Bates will report directly to Newmont's President and CEO, Tom Palmer, with focus on a culture that fosters a psychologically and physically safe workplace — free from any form of assault, harassment, bullying and discrimination.
About Newmont
Newmont is the world's leading gold company and a producer of copper, silver, zinc and lead. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.
At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to www.newmont.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20220801005886/en/
Media Contact
Courtney Boone
303.837.5159
courtney.boone@newmont.com
Investor Contact
Daniel Horton
303.837.5468
daniel.horton@newmont.com
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Sprott Asset Management LP ("Sprott"), a wholly-owned subsidiary of Sprott Inc. (NYSETSX: SII), today announced the launch of the Sprott ESG Gold ETF (NYSE Arca: SESG) ("SESG"), the world's first ETF to exclusively source and refine gold from globally recognized mining leaders in ESG based on special criteria developed by Sprott. The new ETF will begin trading on the New York Stock Exchange Arca on August 2, 2022.
SESG is the first gold ETF that invests in gold bullion that meets the environmental, social, and governance ("ESG") and provenance standards specially developed by Sprott. Sprott has partnered with the Royal Canadian Mint ("RCM") to provide investors with an ETF that only sources gold from companies and mines that meet Sprott's ESG screening criteria. Initially, Sprott ESG Approved Gold will be sourced from several Canadian mines operated by Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) and Yamana Gold Inc. (TSX: YRI; NYSE: AUY; LSE: AUY).
"We created SESG to fill a gap in the marketplace with a gold fund focused on trust, transparency, and traceability. Our goal is to answer a number of key questions for investors: where does my gold come from, who produced it and was it produced sustainably by recognized ESG leaders? Through our partnership with the Royal Canadian Mint and our relationships with leading Canadian gold producers, Sprott is uniquely positioned to offer a convenient way for investors to own physical gold that aligns with their ESG values," said John Ciampaglia, CEO of Sprott Asset Management.
"At Agnico Eagle, we believe in operating responsibly and contributing positively to the communities in which we operate. We understand that ESG considerations are an opportunity to drive improved performance and deliver on our vision to build a high-value business. We believe that we are recognized within the mining industry for our global leading ESG practices, for having one of the lowest GHG intensities and for operating in safe jurisdictions. Agnico Eagle is proud to be a partner of choice as a trusted source of responsibly produced gold for this first ESG Gold Fund," said Carol Plummer, Agnico Eagle's Executive Vice President, Operational Excellence.
"The gold industry must do everything possible to ensure its gold is produced in the most sustainable and responsible way. This has been a fundamental value of Yamana's since we first started operating, a fact reflected by our strong track record in ESG which has been consistently recognized by independent ratings agencies and other stakeholders, including the recent publication of Canada's Best 50 Corporate Citizens by Corporate Knights, in which Yamana was named as the highest-ranked mining company. It is vital that we protect our operating environments and maximize the positive impact we have in host communities. That is why we are delighted to partner with Sprott in the first-ever ESG-focused physical gold fund established specifically to acquire gold that is underpinned by strong ESG fundamentals. We believe that Yamana's inclusion in this fund reflects our strong performance and commitment to push boundaries in the industry to deliver responsibly mined gold ounces that benefit all," said Daniel Racine, President, and CEO of Yamana Gold.
"The Mint is pleased to support this innovative new product. It is an initiative that reinforces the Mint's strong commitment to ESG practices," said Tom Froggatt, Chief Commercial Officer of the Royal Canadian Mint.
SESG Investment Objective
SESG's investment objective is to closely reflect the performance of the price of gold by holding physical gold bullion that meets certain environmental, social and governance standards and criteria determined by the Sponsor and defined as "Sprott ESG Approved Gold". The Fund is expected to consist primarily of fully allocated unencumbered physical gold bullion held by the Mint on behalf of the Fund that qualifies as Sprott ESG Approved Gold, plus from time to time gold in unallocated form.
Methodology
Sprott will identify world-class North American gold mining companies with proven, highly transparent ESG track records. Selected gold miners will also undergo additional due diligence conducted at individual mine sites to ensure they are meeting local ESG best practices. These gold mining companies and mine sites must also maintain compliance with the RCM's Responsible Sourcing Requirements for refining customers, including the RCM's Responsible Metals Program. To ensure the provenance and integrity of ESG Approved Gold, the RCM will segregate its supply chain and refining activities.
Sprott has filed a registration statement relating to this Offering, including a prospectus, with the SEC and it is available at the SEC's website at http://www.sec.gov. Before you invest, you should read the prospectus in that registration statement and any other documents Sprott has filed with the SEC for more complete information about SESG and this Offering. You may get these documents for free by visiting EDGAR or the SEC website at www.sec.gov . Alternatively, you can obtain a copy of the prospectus related to the Offering by calling toll-free at 855.943.8099 or by email at ir@sprott.com.
About Sprott
Sprott Asset Management LP is a wholly-owned subsidiary of Sprott Inc. ("Sprott"). Sprott is a global leader in precious metal and real assets investments. We are specialists. Our in-depth knowledge, experience, and, relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities, Private Strategies, and Brokerage. Sprott has offices in Toronto, New York, and London, and the company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com .
Forward-Looking Statements
This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by the use of words 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. In particular, but without limiting the forgoing, this press release contains forward-looking statements pertaining to the launch and trading of the Fund.
Forward-looking statements contained herein are made as of the date of this press release and Sprott disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, or otherwise. 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. Sprott undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements contained in this press release concerning the launch of the Fund or the timing of the trading of its shares on NYSE Arca.
Investor contact:
Glen Williams
Managing Director
Investor and Institutional Client Relations
Head of Corporate Communications
(416) 943-4394
gwilliams@sprott.com
Media contact:
Dan Gagnier / Jeffrey Mathews
Gagnier Communications
(646) 569-5897
sprott@gagnierfc.com
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Highlights
“We are in a Tier 1 destination for spodumene pegmatite projects with two world-class Li-Ta deposits (ASX:PLS, ASX:MRL) in the neighbourhood and we have demonstrated that we have the right fertile geology for significant Lithium-Caesium-Tantalum (LCT) pegmatite discoveries”.
Figure 1. Kairos Geologist Campbell Watts holding a piece of spodumene-bearing pegmatite (MYR393 – 1.91% Li2O) discovered at ‘Lucky Sump’ during routine earth moving activities.
Five samples of pegmatites that were analysed by hyperspectral and XRD methods confirming the presence of spodumene mineralogy (see KAI Announcement dated 12 July 2022), were submitted to NAGROM Laboratories in Perth for chemical analysis. Photographs of the pegmatites are shown in Figure 2.
The samples were crushed and pulverised and a 200g subsample selected for Na-peroxide fusion with hydrochloric acid digestion. This method was selected as it is considered to be a complete dissolution of all resistate minerals they may contain the selected elements of interest. The analysis of the samples was conducted using inductively couple plasma mass spectrometry (ICP-MS) with the elements Li, Rb, Cs, Be, Mn, Fe, Ti and Ta selected. The results are shown in Table 1.
Table 1. Assay results from NAGROM Laboratory, Perth. Conversion of Li ppm results to Li2O involves a two-step process to divide the Li ppm result by 10,000 (conversion to Li %) and multiplying Li % by 2.153 to obtain the Li2O equivalent. Method ICP005 refers to NAGROM’s Inductively coupled plasma mass spectrometry analysis code.
Figure 2. Lucky Sump pegmatite samples showing lithium and tantalum results.
Click here for the full ASX Release
This article includes content from Kairos Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Kinross Gold Corporation (TSX:K; NYSE:KGC) ("Kinross" or the "Company") today announced the appointment of Claude Schimper as Executive Vice-President and Chief Operating Officer, effective immediately. Paul Tomory, Executive Vice-President and Chief Technical Officer, will be leaving the Company on August 31, 2022 to pursue new opportunities.
In his new role, Mr. Schimper will be responsible for the operational success of the Company's recently re-positioned portfolio, with approximately 70% of Kinross' production now based out of the Americas.
Mr. Schimper has more than 30 years of mining experience and first joined Kinross in 2010, holding progressively more senior operational roles within the Company, most recently as Executive Vice-President, Operations with oversight of the Russia and West Africa regions. He was also Vice-President and General Manager, Kupol before assuming the leadership of the Company's Russia region in 2014. Previous to Kinross, Mr. Schimper was the Chief Operating Officer for Balkan Resources Inc., and also held positions at Placer Dome, Canada, and several South African mines including AngloGold Ashanti's Mponeng gold mine. Mr. Schimper received a South African National Higher Diploma in Metalliferous Mining from the Technikon Witwatersrand in Johannesburg, South Africa.
"With this new appointment, Claude will take charge of our re-positioned portfolio, and bring an enhanced focus on our operational commitments while continuing to prioritize safety. He is a veteran of this industry whose significant experience and insights will be invaluable as we look to further optimize our operations to ensure we safely deliver on our goals," said J. Paul Rollinson, President and Chief Executive Officer. "On behalf of our employees and the Board, I would like to thank Paul Tomory for his leadership and many important contributions to Kinross, from the successful completion of the Tasiast Phase One expansion, to the development of our major project pipeline, and wish him success in his future endeavours."
Ned Jalil will take on an expanded role as Senior Vice-President, Technical Services, to lead Kinross' Technical Services function, reporting directly to Paul Rollinson. He will oversee project development, exploration, geology, mine planning, operations strategy and the supply chain functions, bringing his technical expertise and over 25 years of international leadership and experience in strategic operations and engineering to his role. Mr. Jalil rejoined Kinross in January 2022, having previously held various leadership roles, most notably directing the strategic planning and technical services of the Company's tier one Paracatu mine and delivering the site's successful asset optimization initiative. Most recently, he served as Chief Operating Officer at Atlantic Nickel and Mineração Vale Verde, where he oversaw the Santa Rita nickel mine and the Serrote copper project.
"These new appointments will enhance oversight of our operations, projects and technical services groups as we optimize our re-positioned portfolio and move ahead with our growth strategy," said Mr. Rollinson. "With the increased operational technical bench strength and expertise on our leadership team, we will be prioritizing thoughtful, balanced planning to consistently deliver on our commitments. These commitments include an expected production increase next year and an average of two million gold ounces of production per year over the remainder of the decade."
About Kinross Gold Corporation
Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, Ghana and Canada. Our focus on delivering value is based on our core principles of responsible mining, operational excellence, disciplined growth and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).
Media Contact
Louie Diaz
Vice-President , Corporate Communications
phone: 416-369-6469
louie.diaz@kinross.com
Investor Relations Contact
Chris Lichtenheldt
Vice-President, Investor Relations
phone: 416-365-2761
chris.lichtenheldt@kinross.com
Cautionary statement on forward-looking information
All statements, other than statements of historical fact, contained or incorporated by reference in or made in this presentation, including but not limited to any information as to the future performance of Kinross, constitute "forward looking statements" within the meaning of applicable securities laws, including the provisions of the Securities Act (Ontario) and the provisions for "safe harbor" under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this presentation. Forward-looking statements contained in this presentation include, without limitation, statements with respect to guidance for production and project development. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of such statements, are inherently subject to significant business, economic, legislative and competitive risks and uncertainties and contingencies. Many of these risks and uncertainties and contingencies can affect, and could cause, Kinross' actual results to differ materially from those expressed or implied in any forward looking statements made by, or on behalf of, Kinross. Such risks and uncertainties include, but are not limited to: operational or technical difficulties in connection with development, mining or processing activities; the volatility of prices of gold and silver; uncertainty of mineral reserve and mineral resource estimates; the speculative nature of gold exploration and development including, but not limited to, the risks of obtaining necessary licenses and permits; foreign exchange rate fluctuations; and risks associated with operating in foreign jurisdictions, including government relations risks. 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. All of the forward looking statements made in this presentation are qualified by these cautionary statements, and those made in our filings with the securities regulators of Canada and the U.S., including but not limited to those cautionary statements made in the "Risk Factors" section of our most recently filed Annual Information Form, the "Risk Analysis" section of our FYE 2021 Management's Discussion and Analysis, and the "Cautionary Statement on Forward-Looking Information" in our news release dated July 27, 2022, to which readers are referred and which are incorporated by reference in this presentation, all of which qualify any and all forward ‐ looking statements made in this presentation. These factors are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligation to update or revise any forward ‐ looking statements or to explain any material difference between subsequent actual events and such forward ‐ looking statements, except to the extent required by applicable law.
Source: Kinross Gold Corp oration
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