Morning Briefing: Integra Resources Publish Guidance for its Operations
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Thursday, June 26th.
After the big move lower in gold on Tuesday, the metal found some stability at its 50 day moving average yesterday and actually ended the day a bit in the green at $3,343 an ounce. That was a gain of $9. Gold a mainly flat in early morning trading today. Silver also stabilized yesterday and is moving higher today. After regaining is losses yesterday, the move is extended this morning, currently up over 1% to $36.53/oz. But copper is a big out performer today, it is up close to 3% this morning, currently trading $5.11 per pound as traders are seeing dwindling global inventories of the metal. Palladium and platinum are also continuing their move higher.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Equinox Gold.
Equinox has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at equinoxgold.com
And here’s what you need to know this morning…..
Integra Resources has provided its 2025 guidance which contains an outlook for production, operating costs, sustaining and growth capital, and development spending across the Company's portfolio. Florida Canyon is projected to produce between 70,000 ounces and 75,000 ounces of gold on the year with a total cash cost of $1,900/oz on the high end and all-in sustaining costs of $2,550 on the high end. The company says the next 18 months represent a capital-intensive phase of the long-term continuous improvement plan for Florida Canyon. Major investments are underway in key areas including a heap leach pad expansion, increased capitalized waste stripping, a revitalized mobile equipment fleet, process optimization, and enhanced mine planning. (TSXV: ITR) (NYSE American: ITRG) News Release
Tudor Gold announced a definitive agreement to acquire American Creek Resources. This is a follow up and somewhat amended headlines as the company a binding letter of intent on the deal earlier in the month. Currently, American Creek holds a 20% carried interest, and Tudor a 60% interest, in the Treaty Creek Project located in northwest British Columbia. On completion of the Transaction, Tudor will hold an 80% interest in the Treaty Creek Project. The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry system, as well as several other mineralized zones. Each American Creek shareholder will be entitled to receive 0.238 of a common share of Tudor when the deal closes. (TSXV: TUD) News Release
Onyx Gold shared results of the first drill results from the company’s 10,000m spring drill program at the Argus North Zone on the Munro-Croesus project in Ontario. Results were reported for two new step-out holes and the extension of two existing holes which followed up on the discovery hole back in April. Today’s results were 91m of 1.8 g/t Au and 59.7m of 2.5 g/t. Three of four holes drilled so far at the Argus Zone have hit high-grade mineralization with a "grade thickness" of greater than 150 gram-meters. (TSXV: ONYX) (OTCQX: ONXGF) News Release
Aurion Resources shared results of 7 drill holes at the Kaaresselkä area of the wholly owned Risti property, located in the Central Lapland Greenstone Belt in northern Finland. Results included 1.71 gt Au over 22m and 1.33 g/t Au over 9.3m, which extended the system by 100m along strike. The company also confirmed a new mineralized zone 800 m west-southwest of the Vanha prospect with a hit of 1.06 g/t Au over 15.35m. This zone remains open in multiple directions. (TSXV: AU) (OTCQX: AIRRF) News Release
NexGold Mining reported new drill results from the Goldboro Project in Nova Scotia. The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred and Indicated Mineral Resources. Selected results from the total of 8 results which were released this morning included 3.58 g/t Au over 18.3m, 2.79 g/t Au over 19.7m and 103.5 g/t Au over .7m. The Company has now released 50 drill holes (approximately 34%) from the infill program. (TSXV: NEXG; OTCQX: NXGCF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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