
Received More Than $2.5 Billion in Cash Proceeds to Date in 2025 1
Manuka Resources’ unique value proposition is focused on its three fully licenced projects, which include two precious metals assets in one of Australia’s most prolific regions for base and precious metals, and a company-making iron sands (vanadium and titanium co-products) project in New Zealand’s exclusive economic zone (EEZ) off the Taranaki bight. Manuka Resources is well-placed to deliver significant shareholder value, driven by a phased strategy that includes a clear pathway to near-term precious metals production.
Manuka Resources (ASX:MKR) is focused on bringing its precious metals assets in the Cobar Basin into production, as well as progressing its New Zealand domiciled Taranaki VTM iron sands project.
The company previously revealed a phased strategy focused on delivering maximum value to its shareholders. The first phase focused on bringing back the Mt Boppy gold mine into production and it released an optimised production plan for the mine restart. At the time, the company believed silver production would follow gold but noted it was flexible in this regard. In any event and simultaneous to this, will be the ongoing development of the Taranaki vanadium titano-magnetite (VTM) project.
The Cobar Basin located in the central-west of New South Wales, is one of the richest mining provinces in Australia, home to some of Australia’s largest mining companies and explorers.
The Mt Boppy gold mine was historically one of the richest in NSW, Australia and produced ~500,000 oz gold at an average grade of 15 grams per ton (g/t) gold. Accordingly, the company is very excited about its exploration potential.
Drone image looking South showing the main components of the Rock Dump and tailing resources in relation to the Mt. Boppy open pit.
The initial five-year mine plan is largely focused on the screening and processing of gold-bearing waste material above ground on the Mt Boppy mine site. The company had been processing these wastes from June 2023 to December 2023 at its Wonawinta plant and now will look to optimize the process.
The Wonawinta silver project will be the largest primary silver producer in Australia and expected to be back in silver production within 12 months. Manuka has released a maiden ore reserve (under its ownership) of 4.8Mt1 at 53.8g/t silver containing 8.4Moz of silver comprising proven ore reserves of 0.8Mt at 50.8g/t silver; and probable ore reserves of 4.1Mt at 54.3g/t silver. Ore Reserve is based solely on shallow (<40m deep) oxide material.
The Wonawinta 100tph Ball Mill
The gold and silver market appears to be in an upward trend, with prices for both precious metals hitting their all-time highs recently, in Australian dollar terms for silver, which bodes very positively for MKR.
The Mt Boppy gold project comprises three mining leases, four gold leases and one exploration license, spanning an area of more than 210 sq km in the prolific Cobar Basin in New South Wales, Australia. The project was acquired by Manuka in 2019 and has a current mineral resource of 4.3 Mt at 1.19 g/t gold. This includes a combination of oxidized and transitional/fresh mineralization in the ground, as well as mineralized rock dumps and tailings.
Historically, Manuka Resources has processed its stockpiles and gold mineralized waste products through its Wonawinta processing plant. However, inefficiencies associated with trucking and processing ore at the distant Wonawinta plant has led the company to revise its strategy. It is now looking to construct a processing plant at Mt Boppy so that ore from the mine can be processed on-site. Mt Boppy has excellent infrastructure including a 48-person mine camp and is fully permitted for the proposed processing plant and on-site production.
The updated mineral resource comprises 4.28 Mt at 1.19 g/t gold for 163 koz of contained gold, of which 82 percent is in the measured and indicated categories.
An on-site plant will offer significant cost savings and improve the project economics.
Manuka Resources anticipates Mt Boppy to deliver total EBITDA of >AU$90 million and cash flow of >AU$80 million over a five-year mine life.
The Wonawinta project is fully permitted with all the necessary infrastructure, including an 850,000 to 1 million tpa processing plant. The plant has been used for processing ore from Mt Boppy. The Wonawinta silver mine is currently under care and maintenance. The company is considering the possibility of resuming operations at Wonawinta, leveraging the improved silver price environment. Manuka has released a maiden ore reserve (under its ownership):
The maiden silver ore reserve and the preparation of an implementation plan for Wonawinta support the potential restart of silver mining and processing operations in the near
future. The company is reviewing its silver restart plans in light of the current price increases and expects to announce a decision before the end of May 2025.
The Taranaki VTM project is located within New Zealand's exclusive economic zone, approximately 22 to 36 kilometres offshore, outside the 12 nautical mile boundary from the coastline. The project boasts a JORC resource of 3.2 billion tons at 10.17 percent iron oxide, 1.03 percent titanium dioxide and 0.05 percent vanadium oxide. It holds a mining license allowing initial extraction of 50 million tons annually, resulting in 5 million tons of VTM concentrate per year for 20 years (concentrate grade of 56 to 57 percent iron, 8.5 percent titanium dioxide and 0.5 percent vanadium pentoxide). At this extraction rate, the JORC resource provides approximately 60 years of potential mining inventory.
The project was included in the New Zealand government's Schedule 2 of the Fast Track Approvals Act 2024. The next step for Manuka was to complete pre-feasibility study (“PFS”) on the project. This was released to the market on 26 March 2025 and presents an extremely robust economic outlook for the project as can be seen below.
Dennis Karp is a former commodities trader with nearly four decades of corporate experience. He started his career in 1983 and worked in HSBC until 1997 before moving to Tennant, one of Australia’s largest physical commodities trading companies with operations in Asia and Europe. He was a principal shareholder of Tennant Metals until 2010 and a managing director until December 2014. He founded ResCap in December 2014. Since then, he has participated in diverse resource projects and investment opportunities across base metals and bulk commodities. He holds a Bachelor of Commerce from the University of Cape Town.
Alan Eggers has over 40 years of experience in the mining sector. He is a geologist and was the founder of Summit Resources, which became an ASX top 200 company and was acquired by Paladin Energy in 2007 for AU$1.2 billion. Throughout his career, he has held director positions at numerous companies. He holds a Bachelor of Science, Honours, and Master of Science degrees from Victoria University of Wellington. He is recognized as a fellow of the Society of Economic Geologists and holds memberships in AusIMM and the Australian Institute of Geoscientists.
John Seton is a lawyer with extensive experience in the mineral resources sector. He has served as director in several ASX and NZX listed companies. He holds a Bachelor of Laws from Victoria University, Wellington, and a Master of Law (Honours) from the University of Auckland and is a chartered fellow of the New Zealand Institute of Directors.
Haydn Lynch has over 25 years of experience in M&A, capital markets and private equity. He has been involved in executing several domestic and cross-border transactions in various sectors including metals and mining, and industrials. He has held leadership roles in global investment banks, including Bankers Trust Australia, Investec Bank, RBC Capital Markets and Southern Cross Equities. He has undergraduate degrees in mechanical engineering and economics from the University of Queensland and a Master in Commerce from the University of New South Wales.
Dieter Engelhardt has over 30 years of experience in the mining industry including roles as senior metallurgist at Telfer Gold Mine and Northparkes Mines, resident manager at McKinnons Gold Mine, and manager of ore processing at CSA Mine. Engelhardt was employed by Newcrest Mining (now Newmont) in various roles, including as manager of ore processing and principal metallurgist.
Phil Bentley has over 40 years of experience in the mining industry across New Zealand, South Africa, and Australia, holding senior geological roles as well as senior management and director positions. He has worked as a chief geologist at Randgold Resources and Randgold & Exploration, Global Head of Exploration at Trafigura Mining Services, and Principal Geologist Africa at CSA Global South Africa. He is a Qualified person under NI 43-101 (Canada) and JORC (Australia) and is a Fellow of the South African Geological Society. He holds a Bachelor of Science (Honours) in Geology at Victoria University of Wellington. He also has a Masters of Science in Economic Geology at Victoria University of Wellington and a Master’s of Science in Mineral Exploration from Rhodes University, Grahamstown South Africa.
Near-term production from both its silver and gold projects located in the Cobar Basin, Central West, New South Wales
Received More Than $2.5 Billion in Cash Proceeds to Date in 2025 1
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") announced today that it has finalized the previously disclosed sales of its Akyem operation in Ghana and its Porcupine operation in Canada. With these transactions now closed, the Company has completed the divestiture program announced in February 2024 2 .
"Today, I am pleased to announce the successful completion of our non-core asset divestiture program with the sale of Akyem and Porcupine, generating total after-tax cash proceeds of approximately $850 million before closing adjustments," said Tom Palmer, Newmont's President and Chief Executive Officer. "This is a significant milestone for Newmont, as we have now divested all six of our non-core operations from the program announced in early-2024. With the cash proceeds received this year, we remain committed to continuing to strengthen our balance sheet and return capital to shareholders through ongoing share repurchases."
Total gross proceeds from announced divestitures are expected to total up to $4.3 billion, which includes $3.8 billion from non-core divestitures and $527 million from the sale of other investments.
Porcupine Early Warning Disclosure
Under the terms of Newmont's sale of the Porcupine operation in Ontario, Canada, the consideration received included 119,716,667 common shares of Discovery (the "Consideration Shares") in the capital of Discovery Silver Corp. ("Discovery").
The Consideration Shares are held by Goldcorp Inc., a wholly owned subsidiary of Newmont. As a result of the closing, Newmont, which did not hold any common shares of Discovery prior to the transaction, now beneficially owns shares representing approximately 15% of Discovery's issued and outstanding common shares.
Newmont will evaluate its investment in Discovery from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease its shareholdings as circumstances require through market transactions, private agreements, or otherwise.
This press release is issued pursuant to the early warning provisions of Canadian securities legislation. To obtain a copy of the Early Warning Report filed by Newmont under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, please contact Neil Backhouse at +1 (303) 837-5002 or investor.relations@newmont.com .
Newmont's address is 6900 E Layton Avenue, Suite 700, Denver, CO 80237. Discovery is listed on the TSX and its address is 55 University Avenue, Suite 701, Toronto, ON Canada, M5J 2H7.
About Newmont
Newmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. 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. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the Company 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 .
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements in this news release include, without limitation, (i) expectations regarding total proceeds estimates, including receipt of any deferred consideration in the future, (ii) future financial conditions and balance sheet strength, (iii) future return of capital to shareholders, including share repurchases, and (iv) other statements regarding future events or results. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Assumptions include, but are not limited to: (i) certain exchange rate assumptions approximately consistent with current levels; (ii) certain price assumptions for gold, copper, silver, zinc, lead and oil; (iii) with respect to disclosed sales that have not yet completed, all closing conditions for such sales being satisfied; and (iv) conditions necessary for receipt of deferred consideration being met in the future. For additional information regarding the terms and conditions for receipt of deferred consideration payments and total consideration estimates, refer to the press releases available on the Company's website at www.newmont.com (see the September 10, 2024 press release for further details regarding the agreement to divest Telfer and Havieron, the October 8, 2024 press release for further details regarding the agreement to divest Akyem, the November 18, 2024 press release for further details regarding the agreement to divest Musslewhite, the November 25, 2024 press release for further details regarding the agreement to divest Éléonore, the December 6, 2024 press release for further details regarding the agreement to divest CC&V, and the January 27, 2025 press release for further details regarding the agreement to divest Porcupine). No assurances can be provided with respect to the receipt of deferred consideration. For a discussion of risks and other factors that might impact future looking statements , see the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the "SEC") on February 21, 2025, under the heading "Risk Factors" (including without limitation under the subheading the headings "Assets held for sale may not ultimately be divested and we may not receive any or all deferred consideration" and "The Company's asset divestitures place demands on the Company's management and resources, the sale of divested assets may not occur as planned or at all, and the Company may not realize the anticipated benefits of such divestitures"), available on the SEC website or at www.newmont.com . Investors are also cautioned that the extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including trading volume, market conditions, legal requirements, business conditions and other factors. The repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement.
____________________ |
1 Represents after-tax cash proceeds before closing adjustments.
2 All previously announced operating sites having been divested, with the Coffee development project remaining designated as held for sale. No agreement has been reached with respect to Coffee as of the date of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250416251818/en/
Investor Contact – Global
Neil Backhouse
investor.relations@newmont.com
Investor Contact – Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com
Media Contact – Global
Shannon Lijek
globalcommunications@newmont.com
News Provided by Business Wire via QuoteMedia
WIN Metals Ltd (ASX: WIN) (“WIN” or “the Company”) is pleased to provide shareholders with an updated Mineral Resource Estimate (“MRE”) for its flagship Butchers Creek Gold deposit, part of the Butchers Creek Gold Project (“BCGP”) located in the East Kimberley region of Western Australia.
Highlights
WIN Metals Managing Director and CEO, Mr Steve Norregaard, commented:
“Our first update of the Butchers Creek Mineral Resource following the successful maiden drill campaign completed late in 2024 has delivered an 8C% increase in the Indicated Resource. This paves the way for the Company to advance development studies while we continue to drill our other high-priority, high-grade targets.
With readily accessible mineralisation located immediately below the shallow open pit amenable to low-cost open pit mining methods, the opportunity to monetise this asset in the current high gold price environment is now an imperative.
To complement this great outcome, the Company will continue to enhance the resource base focussing on the Golden Crown area during the forthcoming dry season, building on the promising high-grade drill intersections reported last year.
The significant achievements by WIN during the short time we have held this project, and the opportunities we see in this underexplored goldfield in WA’s Kimberley region, provide a strong foundation for our future growth.”
This latest April 2025 MRE update increases the Mineral Resource to 321,000oz of gold at 1.G1g/t Au, with 258,000oz gold at 2.24g/t Au representing 80% of the MRE classified as Indicated available for economic studies for project development.
Table 1: Butchers Creek Gold Resource SummaryNote: Figures are rounded and reported at 0.5g/t cut-off to 150m below surface (open pit) and 0.8g/t below 150m of surface
This update reflects the successful conversion of an additional 11G,000oz at 2.24g/t Au into the Indicated category representing an 86% increase in Indicated gold resource ounces compared to the 2021 MRE1 as demonstrated in the waterfall chart in Figure 1 below.
Figure 1: Mineral Resource Changes by Classification
Click here for the full ASX Release
This article includes content from Win Metals, 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.
BC has long been a land of promise for gold seekers.
From the historic gold rushes of the 1800s to today’s high-tech exploration campaigns, the province remains one of the most geologically prospective regions in the world. But beneath its mineral-rich surface lies a regulatory landscape as formidable as its mountain ranges.
For junior mining companies — the entrepreneurial heart of the industry — the real test isn’t just finding gold. It’s getting permission to mine it.
BC’s permitting regime is among the most demanding in the world. And rightly so. This is a province that takes its environment seriously. With soaring alpine lakes, ancient forests and Indigenous territories steeped in cultural heritage, development comes with responsibility.
Before a shovel ever hits the ground, a mining company must navigate a maze of requirements:
These frameworks are not designed to say "yes" quickly. They're designed to say "yes" carefully.
For investors, that means understanding the permitting process isn’t a nice-to-have — it’s essential due diligence.
Junior companies are typically lean, agile and risk-tolerant — qualities that make them excellent explorers. But in BC, the challenge isn’t just discovering deposits; it’s surviving the multi-year, multi-stakeholder process of turning those discoveries into permitted projects.
It’s not uncommon for permitting timelines to stretch seven, 10 or even 15 years. During that time, markets can shift, investors can lose interest, and costs can mount with little to show for it.
Many juniors don’t make it. But some do — and in doing so, they provide a blueprint for success.
In the past decade, less than 10 projects in BC have emerged with full permits in hand.
The Kerr-Sulphurets-Mitchell (KSM) project, touted as the largest undeveloped gold-copper project globally, secured its environmental assessment certificate and key permits after extensive engagement with local Indigenous groups.
This project exemplifies the scale of investment and long-term planning required, with Seabridge investing over $1 billion in development to date.
Osisko Development recently announced receiving critical permits under the BC Mines Act and Environmental Management Act for its Cariboo gold project. This success came after robust stakeholder consultations and underscores the importance of community engagement in the permitting process.
Artemis Gold's receipt of the BC Mines Act permit for the Blackwater project marked a significant milestone, allowing the commencement of major construction activities. This case highlights the potential for expedited processes when companies effectively address regulatory and community concerns.
Ascot Resources received a BC Mines Act permit for the Premier gold project located in Northwestern BC's Golden Triangle. The project is expected to create approximately 140 jobs during construction and about 280 jobs during operations.
These projects have one thing in common: they treated permitting not as a barrier, but as a strategic discipline.
And now, another name is joining that list: Blue Lagoon Resources (CSE:BLLG).
Tucked into the mountains near Smithers, BC, Blue Lagoon’s Dome Mountain gold project has achieved what many junior companies only dream of: securing both a BC Mines Act permit and an Environmental Management Act permit — clearance to move forward with production.
That puts Dome Mountain in rare company. Since 2015, only nine new mining permits have been granted in BC. Blue Lagoon just became the recipient of one of them.
How did a relatively small company clear such a high bar?
The result? A fully permitted operation with the green light to extract up to 55,000 tons annually to start, which is expected to yield approximately 15,000 ounces of gold in the first year.
For investors evaluating junior mining companies, BC’s permitting gauntlet is more than a bureaucratic hurdle — it’s a crucible. Companies that emerge on the other side have demonstrated not just resource potential, but operational discipline, financial stamina and social credibility.
In other words: they’ve been tested.
Blue Lagoon’s success isn’t just a milestone for the company. It’s a signal to the market that this team can navigate complexity, deliver results, and operate responsibly in one of the toughest jurisdictions out there.
BC doesn’t make it easy — and that’s the point. The province’s high standards ensure that only the most committed, capable operators go into production. For investors, that filters out the noise.
Blue Lagoon Resources is now one of those operators.
For those tracking the future of junior mining in BC, it’s a name that deserves a closer look — not just because of what they’ve found, but because of what they’ve earned.
Production is expected to start this summer (2025) paving the way for the company to self-fund numerous exploration targets identified through more than 50,000 meters of drilling during the 2021 to 2023 drill campaigns.
This INNSpired article is sponsored by Blue Lagoon Resources (CSE:BLLG,OTCQB:BLAGF,FWB:7BL). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by Blue Lagoon Resourcesin order to help investors learn more about the company. Blue Lagoon Resources is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Blue Lagoon Resources and seek advice from a qualified investment advisor.
Mali's government has shut down Barrick Gold’s (TSX:ABX,NYSE:GOLD) office in the capital, Bamako, as part of an escalating dispute over alleged non-payment of taxes, sources familiar with the matter confirmed to Reuters.
The closure marks a significant development in a long-running standoff between the Canadian mining giant and the West African country, which has seen tensions rise over mining revenues and the implementation of Mali's new mining code.
The latest development, which saw staff in Bamako locked out of the company’s offices, is linked to a separate tax dispute that has been brewing since 2023.
Barrick signed an agreement with Mali's government in February to end the nearly two-year-long conflict. This agreement, however, still awaits official approval from Malian authorities.
One source close to the situation noted that the closure of Barrick’s Bamako office did not affect Barrick's Loulo-Gounkoto mining complex, located in the western part of Mali.
Barrick suspended operations at Loulo-Gounkoto after the Malian government seized around 3 metric tons of gold in January, as the government accused the company of failing to meet its tax obligations.
This move was part of an ongoing battle between Barrick and the Malian government, which has been blocking the company’s gold exports since November 2024.
The company released a statement addressing the office closure, and stated that the Malian government is also "threatening to place the Loulo-Gounkoto mine under provisional administration unless the mine was reopened and tax payments were made."
The company said is prepared to honor the agreement and restart production once the government finalizes it. "Its conclusion now appears to be obstructed by a small group of individuals placing personal or political interests above the long-term interests of Mali and its people," Barrick wrote in the release.
Barrick has transferred nearly 40 Malian staff members from the Loulo-Gounkoto mine to the company's Kibali mine in the Democratic Republic of Congo, with plans to transfer up to 100 employees.
This move suggests that the resumption of operations at Loulo-Gounkoto may not happen in the immediate future, leaving a cloud of uncertainty hanging over the mine's future.
The closure of Barrick’s Bamako office is only the latest chapter in the tense relationship between the mining giant and the military-led government in Mali, which took power following coups in 2020 and 2021.
Since then, Mali has taken a more assertive stance in its dealings with foreign companies, especially in the mining sector, and the country is one of Africa’s leading producers of gold.
The suspension of operations at the Loulo-Gounkoto complex, which produces a significant portion of Mali’s gold, has raised concerns about the country's future output.
Mali's mines ministry has already forecast a slight recovery in industrial gold output in 2025, with an expected rise to 54.7 metric tons of gold from the 51.7 metric tons produced in 2024. However, the ministry included Loulo-Gounkoto production in its calculations.
In February, Barrick’s CEO, Mark Bristow, said that the company’s operations would be able to resume once it could export its gold again. However, in its annual report released in mid-March, Barrick acknowledged that the timeline for a resolution remained uncertain, and as such did not include the mine in its production guidance for 2025.
Don't forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Greatland Gold’s (LSE:GGP,OTC Pink:GRLGF), which is based in Western Australia, is on track to pursue its cross-listing on the Australian Securities Exchange (ASX).
In a press release issued on April 11, the company said that the proposed corporate reorganization will be affected through a UK scheme of arrangement.
If the reorganisation is approved, Greatland Gold and its subsidiaries would fall under a new parent company called Greatland Resources that will be incorporated in Australia. The company would maintain its listing on the AIM, an LSE submarket that hosts smaller and growing companies.
The ASX listing aligns with Greatland Gold's position in the country, as its entire portfolio is located in Western Australia.
The company enhanced that position significantly last year when it acquired a 70 percent interest in the Havieron gold-copper project and 100 percent interest in the Telfer gold-copper mine from Newmont (TSX:NGT,NYSE:NEM). Havieron was previously a 30/70 joint venture between the company and Newmont, and this acquisition consolidated 100 percent ownership of the project under Greatland.
Days after the completion of the acquisition in December, the first gold bars under Greatland ownership were poured at Telfer.
"The acquisition of Telfer and Havieron … immediately transformed Greatland Gold into a leading Australian gold and copper producer,” Greatland Gold Managing Director Shaun Day said. “We enjoyed significant Australian institutional investor support for our equity raising to fund the acquisition, and Greatland Gold continues to see strong engagement and interest from the Australian market.”
He added that proceeding with the reorganisation and listing after these acquisitions should benefit Greatland by boosting its capital markets profile and helping facilitate increased research coverage and greater institutional ownership.
Documents concerning the listing were filed with the UK Court on April 11 and a court approval hearing is scheduled for April 23.
“While we see the ASX listing as important in supporting the continued growth of long-term shareholder value, we remain committed to the AIM market and shareholders will continue to be able to trade Greatland Resources shares on AIM."
Following the scheduled hearing, a shareholder meeting will be held on May 12 to conduct voting on the UK Scheme.
Once approved, the listing process and AIM Admission of Greatland Resources are expected to be completed in late June 2025.
Shares of Greatland have increased significantly in recent days, closing at GBP 13.89 on Monday, April 14, compared to GBP 10.18 on April 9. The company also released its activities report for the March quarter on Monday.
As of April 8, the Canadian Securities Exchange (CSE) is now open for trading globally. In a press release, the exchange said that the Interactive Brokers platform now offers full global access to CSE-listed securities.
“Our issuers and investors stand to benefit from the reach of the Interactive Brokers platform," CSE CEO Richard Carleton said. "Our securities are now more easily accessible to a global investor base that has shown itself to be keenly interested in the Canadian markets."
Through this adjustment, Australian investors can now trade all CSE-listed stocks, allowing them to access the exchange's array of companies, including its many mining firms.
To locate a specific CSE-listed company on the Interactive Brokers platform, investors simply need to search the company's ticker symbol with .CN added to the end, such as ABC.CN for a company with the ticker CSE:ABC.
The move by the CSE also offers significant opportunities for small-cap resource and mining companies on the exchange to widen their audience and increase their investor pool. Major mining companies are currently not listed on the CSE, reducing competition for small-cap miners with global investors using the Interactive Brokers platform.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
All amounts expressed in US dollars
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) confirms that it has continued to engage in good faith with the Government of Mali to finalise an agreement that was fully negotiated and accepted by the Ministry of Finance in February 2025.
From the outset of its engagement, Barrick has worked to find a constructive solution. In October 2024, it agreed to a framework aimed at achieving a comprehensive resolution of all outstanding disputes and paid $85 million as part of the ongoing negotiations.
Despite this, the Government subsequently took a series of escalatory actions, including the arrest of Barrick employees – who remain unfairly in detention – and the suspension of gold shipments.
More recently, although Barrick signed the agreement presented by the Government as requested in February, the Government has failed to execute it. Its conclusion now appears to be obstructed by a small group of individuals placing personal or political interests above the long-term interests of Mali and its people.
This week, departments within the Government escalated matters by closing Barrick's Bamako office and threatening to place the Loulo-Gounkoto mine under provisional administration unless the mine was reopened and tax payments were made – even though gold exports remain blocked.
It is regrettable that the Government continues to obstruct gold exports while simultaneously demanding tax payments on revenue it has actively prevented from being realised.
Barrick remains ready to honour the agreement envisioned by both partners and stands prepared to immediately restart production. This would unlock substantial revenue for the country, including tax and royalty flows that form a very significant part of the national budget. This would also see the dropping of unfounded criminal charges against its employees and their release from detention.
The consequences of the Government's continued inaction are serious both from an economic and human angle. The long-term viability of one of Mali's most strategic mining assets and a key contributor to the national economy is at risk. Barrick brings the unique expertise required to successfully operate this world-class mine. In addition, four innocent Malian citizens continue to be deprived of their freedom, without any justification nor prospect for a quick solution.
Barrick has long been a committed partner to the people of Mali and a reliable corporate citizen, consistently supporting local content and economic development, even in times of uncertainty. As private banks face mounting pressure to keep the country afloat, Barrick has continued to meet its obligations in good faith, paying wages, sustaining workers and contractors' livelihoods as well as the broader supply chain. However, this situation is not sustainable for the longer term.
While Barrick continues to seek a constructive solution, it remains prepared to pursue international arbitration and legal remedies against the Government and any individuals or entities, acting in bad faith.
Barrick urges the Government of Mali to act now in the interest of its people and the national economy by concluding the agreement which stands ready to be implemented.
Enquiries:
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans, or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "continue", "intended", "committed", "engage", "negotiate", "pursue" and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: the status of the gold stock removed from site; the outcome of dispute resolution through arbitration; the status of negotiations with the Government of Mali in respect of ongoing disputes regarding the Loulo-Gounkoto Complex and Barrick's commitment to reach a mutually acceptable solution; the potential to increase the Government of Mali's share in the economic benefits of Loulo-Gounkoto; and Loulo-Gounkoto's partnership with the Government of Mali.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant 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 statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: changes in national and local government legislation, taxation, controls or regulations and/ or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in Mali and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as diesel fuel, natural gas, and electricity); the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation, and exploration successes; risks related to disruption of supply routes which may cause delays in construction and mining activities, including disruptions in the supply of key mining inputs due to the invasion of Ukraine by Russia and conflicts in the Middle East; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with new diseases, epidemics and pandemics; litigation and legal and administrative proceedings; employee relations including loss of key employees; increased costs and physical and transition risks related to climate change, including extreme weather events, resource shortages, emerging policies and increased regulations related to greenhouse gas emission levels, energy efficiency and reporting of risks; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick's ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Barrick 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 applicable law.
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