Morning Briefing: Maple Gold Mines Updated Resource Brings a Consolidated +5Moz
Good morning and welcome back to the Mining Stock Daily morning briefing.
It’s Monday, April 27th
Metals are broadly steady as markets open the week in a wait-and-see posture. The ceasefire in the Middle East remains the dominant backdrop for commodities. Over the weekend, Iran submitted a new proposal to the United States aimed at reopening the Strait of Hormuz, with language calling for an extension of the current ceasefire as a pathway toward a more permanent end to hostilities. Silver climbed back above $76 an ounce on that news before pulling back slightly into the open. Gold has been the more measured mover — holding near the $4,700 level but not yet making a directional break, with the market waiting to see whether the Hormuz proposal gains traction before committing to the next leg.
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...
Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com
And here's what you need to know this morning…..
Meridian Mining has announced an application for listing on the Main Market of the London Stock Exchange, alongside publication of a prospectus and a proposed fundraising of up to GBP 25 million. The raise is structured as an institutional placing targeting GBP 22.5 million and a retail offer targeting GBP 2.5 million, both priced at 92 pence per share. The retail offer closes April 30, with the company expecting to begin trading in London on May 1. Meridian will carry the same MNO ticker on both the TSX and the LSE, with shares fully fungible between the two exchanges. The company is focused on its Cabacal VMS gold-copper project and the broader Cabacal VMS belt in Mato Grosso, Brazil, along with exploration in the Jauru and Araputanga Greenstone belts (TSX: MNO)(OTCQX: MRRDF). News Release
Heliostar Metals has closed its acquisition of the Goldstrike gold project in Utah from Liberty Gold, for US$10 million in cash plus approximately 1.6 million shares upfront and US$60 million in staged payments over five years. Goldstrike hosts 975,000 indicated ounces at 0.46 grams per tonne and 90,000 inferred ounces at 0.31 grams per tonne in the Bull Valley Mountains of southwestern Utah (TSX-V: HSTR)(OTCQX: HSTXF). News Release
GreenLight Metals has reported new drill results from the Bend VMS deposit in Wisconsin, intersecting 30.7 metres grading 1.05% copper and 1.34 grams per tonne gold, or 2.49% copper equivalent, including a higher-grade core of 14.9 metres at 1.95% copper and 1.58 grams per tonne gold — 3.65% CuEq. The Bend deposit is hosted within Wisconsin's Penokean Volcanic Belt, and GreenLight received regulatory approvals earlier this year for an expanded drill program targeting extensions of the known deposit on the Soo Line Mineral Parcel (TSX-V: GRL)(OTCQB: GRLMF). News Release
Maple Gold Mines has released an updated mineral resource estimate for the Douay/Joutel gold project in Quebec, including a maiden underground resource at Joutel, with headline numbers showing a 77% increase in total project indicated resources to 905,000 ounces at 1.55 grams per tonne, and a 70% increase in total project inferred resources to 4,279,000 ounces at 0.88 grams per tonne. Breaking it down: the Douay pit resource comes in at 731,000 indicated ounces at 1.31 grams per tonne and 2,744,000 inferred ounces at 0.77 grams per tonne. The Douay underground component adds 48,000 indicated ounces at 1.66 grams per tonne and 560,000 inferred ounces at 1.50 grams per tonne. The maiden Joutel underground resource — the one the market has been waiting for — comes in at 126,000 indicated ounces at 4.53 grams per tonne and 992,000 inferred ounces at 4.11 grams per tonne. Joutel is a past-producing camp that mined at roughly 6.5 grams per tonne for nearly two decades, and seeing that grade profile confirmed in the maiden resource is a meaningful data point for the project (TSX-V: MGM)(OTCQX: MGMLF). News Release
Americas Gold and Silver has provided an update on the capital projects underway at the Galena Complex in Idaho's Silver Valley as part of its growth and optimization program. The No. 3 Shaft hoist upgrade is the centrepiece — Phase 2 is on track for completion in Q2 2026, which will bring total hoisting capacity to approximately 105 short tons per hour, a roughly 160% increase from the 40 short tons per hour the operation ran at in 2024. A new paste backfill plant is in fabrication with deliveries beginning in June and commissioning targeted for Q4 2026, designed to accelerate backfill cycle times and support higher-rate long-hole stope mining. Mill circuit upgrades are also underway, with new flotation cells from Metso on order and delivery expected in Q4. Separately, the company is advancing rehabilitation at the Crescent Mine toward a mid-2026 production restart, which is expected to add between 1.4 and 1.6 million ounces of silver production annually (TSX: USA)(NYSE American: USAS). News Release
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That's it for today everyone. Have a great day. Stay safe.
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