Morning Briefing: Ivanhoe Mines Advances Platreef, Collective Mining Receives Key Permits

Good morning and welcome back to the Mining Stock Daily morning briefing. This is Michael McCrae filling in for Trevor Hall this week.

It’s Thursday, April 23

Markets are on pause as Strait Of Hormuz opening looks unlikely. Iran and U.S. are not showing any progress in peace talks. Gold futures opened most flat, up just 0.07% to $4,754. Crude oil futures are at $92.69. S&P and Nasdaq futures are both down, erasing 0.19% and 0.17% respectively. 

We’ll get to the news from the miners and explorers in just a moment, but first a word about today’s sponsor. 

This episode of Mining Stock Daily is brought to you by... 

Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-gold.com

And here's what you need to know this morning…..

Ivanhoe Mines marked three major milestones at its Platreef Mine in South Africa — completing construction of Shaft #3 (increasing hoisting capacity fivefold), breaking ground on the Phase 2 concentrator site, and commencing the widening of Shaft #2, which is set to become the largest hoisting shaft on the African continent by end of 2028. These developments keep the Phase 2 expansion on track to deliver over 450,000 ounces of platinum, palladium, rhodium, and gold annually by end of 2027, with Shaft #2's additional eight million tonnes per annum of capacity laying the groundwork for a future Phase 3 expansion (TSX: IVN). News Release

Collective Mining has received a key exploration title from Colombia's National Mining Agency and acquired an additional tenement to fully consolidate its Trap target, located 3.5 km northeast of its flagship Apollo system at the Guayabales Project in Caldas, Colombia. Drilling with two diamond rigs is set to begin in May, targeting an 850-metre northwestern extension of a known 1,400-metre high-grade sheeted vein corridor as well as a newly identified large gold-copper porphyry anomaly spanning over 800 x 400 metres. The Trap target shows classic porphyry characteristics — including potassic alteration, bornite-chalcopyrite mineralization, visible gold, and a strong magnetic anomaly — positioning it as a significant growth opportunity alongside the company's already-active Apollo and San Antonio drilling programs (NYSE: CNL) News Release

Fortuna Mining reported a 15% year-over-year increase in consolidated Proven and Probable Mineral Reserves to 3.0 million gold equivalent ounces, driven primarily by upgrading 819,000 gold equivalent ounces from resources to reserves at its Séguéla mine in Côte d'Ivoire, which more than offset production depletion. Séguéla's Sunbird underground deposit saw particularly strong growth, with reserves up 34% to 539,000 ounces and inferred resources up 55% to 417,000 ounces, while the Diamba Sud feasibility study remains on track for a first-time reserve estimate and construction decision by end of Q2 2026 (NYSE: FSM). News Release

Ur-Energy has commenced uranium mining operations at its Shirley Basin ISR project in Wyoming — its second operating ISR mine — with uranium-bearing solution now being captured from Mine Unit 1 and loaded resin expected to be transported to the company's Lost Creek facility for processing this summer. The project brings a historically significant uranium district back into production, with a licensed capacity of up to 2.0 million pounds of U₃O₈ annually, a resource base of ~9.1 million pounds, and a nine-year mine life, bringing Ur-Energy's combined licensed production capacity to 4.2 million pounds per year (TSX:URE). News Release

Cartier Resources announced drilling results from its Hope Sector at the Cadillac Project in Quebec, with the standout hole CA26-591 returning 7.9 g/t gold over 4.0 metres within a broader 19-metre interval averaging 2.3 g/t, including visible gold grains in previously unexplored Pontiac sediments south of the Cadillac Fault. The results confirm two distinct gold mineralization styles in the area — sediment-hosted stockwork veining and porphyry intrusion-related gold — opening entirely new exploration targets, with the Porphyry #1 intrusion now confirmed to extend at least 1 km in length and remaining open at depth. Cartier plans further expansion drilling at Hope Sector and will test two high-priority geophysical targets as part of its ambitious 100,000-metre, 600-hole drilling program running through mid-2027 (TSXV: ECR) News Release

Heliostar Metals reported strong infill drilling results from the High Grade Panel at its 100%-owned Ana Paula gold project in Guerrero, Mexico, with the standout hole returning 69.15 metres grading 10.09 g/t gold — one of the thickest high-grade intervals encountered in the panel to date. Multiple holes confirmed consistent, broad high-grade mineralization across the panel, including 43.8 metres at 13.9 g/t and 30.65 metres at 11.3 g/t, supporting the ongoing conversion of inferred resources to higher-confidence categories for inclusion in the planned 2027 Feasibility Study. The company aims to expand on Ana Paula's previously outlined nine-year mine life and ~100,000 ounce per year production profile, with a targeted mine start in 2028 as part of its broader goal of reaching 500,000 ounces per year by the end of the decade (TSXV: HSTR) News Release

Ridgeline Minerals announced a record US$9.9 million in partner-funded 2026 exploration budgets across its two Nevada projects — US$4.4 million from South32 at the Selena silver-lead-zinc CRD project and US$5.5 million from Nevada Gold Mines at the Swift Carlin-type gold project — with drilling commencing at Selena in April and Swift in May. The programs will follow up on Selena's 2025 Chinchilla Sulfide CRD discovery and continue testing high-grade gold horizons at Swift, with both earn-in agreements designed to fund exploration while minimizing shareholder dilution (TSXV: RDG). News Release

Vizsla Silver has awarded the EPCM contract for its Panuco silver-gold project in Mexico to M3 Engineering & Technology Corp., covering approximately US$170 million in process plant and surface infrastructure, and a mine design contract to Mining Plus covering roughly US$90 million in development and ore development capital over two years of pre-production. Both contractors will work on detailed design, construction planning, and equipment procurement as the company advances toward mining operations, with key near-term milestones including awarding a mining contract in Q2 2026 and beginning operations upon receipt of its MIA environmental permit (TSX: VZLA). News Release

The Mining Stock Daily morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice, and at Clear Commodity Network.

That's it for today everyone. Have a great day. Stay safe.

The information presented should not be considered investment advice. Mining Stock Daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.