Cloud Managed Network Market is expected to grow at USD 12 Billion by 2034, Driven by 10.5% CAGR
Cloud Managed Network Market Overview (2025–2034)
Luton, Bedfordshire, United Kingdom, June 04, 2025 (GLOBE NEWSWIRE) -- The global Cloud Managed Network market is poised for substantial growth, with a projected market size rising from $4.5 billion in 2024 to nearly $12 billion by 2034. This growth represents a compound annual growth rate (CAGR) of 10.5%, reflecting strong momentum driven by digital transformation, remote work expansion, and the growing need for agile and scalable networking solutions. The adoption of cloud-managed services has become a critical component for modern organizations looking to enhance operational efficiency, manage network infrastructure remotely, and adapt to evolving business demands.
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The market is increasingly being shaped by technological innovations and strategic investments from enterprises seeking more flexible and cost-effective network management solutions. Key developments, such as the integration of Artificial Intelligence (AI) for proactive network management and the widespread adoption of Software-Defined Wide Area Networks (SD-WAN), are redefining how organizations design and manage their IT infrastructures.
Market Segmentation and Key Insights
By Service Model
Among the service models, Managed Network Services represent the most dominant segment, holding nearly 45% of the market share. These services include end-to-end management, monitoring, and optimization of network infrastructure, allowing enterprises to reduce operational overhead while ensuring reliable connectivity.
Integration Services follow with a 25% share, playing a crucial role in helping organizations bridge the gap between legacy systems and modern cloud platforms. As hybrid and multi-cloud environments become more complex, the demand for seamless integration solutions continues to grow.
Consulting and Advisory Services make up the remaining 30% of the market, addressing the increasing need for expert guidance in network transformation strategies. These services enable organizations to design optimized network architectures, improve compliance, and align their IT strategies with business objectives.
By Deployment Model
The Public Cloud is the leading deployment model, accounting for about 50% of the market. Its popularity stems from its cost-efficiency, scalability, and ease of deployment, particularly among small and medium-sized enterprises (SMEs).
Private Cloud solutions hold 30% of the market share and are preferred by organizations that require enhanced data security, compliance, and customization. This model is widely adopted in industries handling sensitive data, such as banking, government, and healthcare.
Hybrid Cloud deployments, comprising 20% of the market, are gaining popularity due to their flexible architecture. Enterprises utilizing a mix of public and private clouds benefit from tailored data handling, cost optimization, and risk management.
By Organization Size
Large enterprises dominate the market with a 65% share, leveraging their robust IT budgets and need for global connectivity. Their investments are driven by requirements for advanced network infrastructure, comprehensive cybersecurity solutions, and centralized management.
Conversely, SMEs hold a 35% share and are emerging as a key growth segment. Increasingly, smaller organizations are recognizing the advantages of cloud-managed networks, such as lower capital expenditure and access to enterprise-grade services without maintaining a large in-house IT team.
By End-User Industry
The IT & Telecom sector leads in adoption, representing approximately 30% of the market. The industry's high data demands and constant need for network uptime make cloud-managed networks essential.
The Banking, Financial Services, and Insurance (BFSI) industry accounts for 20%, prioritizing security, compliance, and reliable connectivity to serve a large customer base.
Industries like Healthcare, Retail, and Manufacturing collectively hold around 25%, increasingly turning to cloud solutions to improve operational efficiency and customer engagement.
Meanwhile, Government and Education sectors represent 15%, fueled by digital transformation initiatives and the need for secure and scalable networking infrastructures to support remote operations and e-learning platforms.
Technology and Distribution Channels
Among networking technologies, SD-WAN continues to gain traction due to its ability to optimize traffic, reduce costs, and enhance network performance, particularly across distributed enterprise environments. Multiprotocol Label Switching (MPLS) remains relevant, especially in sectors with legacy infrastructure, but SD-WAN's agility is gradually overtaking traditional networking solutions.
From a distribution standpoint, direct sales dominate in large enterprise deals, while online sales channels are growing rapidly, especially among SMEs that seek simple, self-service procurement and deployment of cloud-managed solutions.
Market Segmentation
Service Model
Managed Network Services
Integration Services
Consulting and Advisory Services
Deployment Model
Public Cloud
Private Cloud
Hybrid Cloud
Organization Size
Small and Medium Enterprises (SMEs)
Large Enterprises
End-User Industry
IT & Telecom
Retail
Healthcare
Manufacturing
Government
Education
BFSI (Banking, Financial Services, and Insurance)
Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Regional Analysis
North America
North America leads the global Cloud Managed Network market, holding approximately 40% of the total revenue in 2024. The region's dominance can be attributed to a mature IT infrastructure, early adoption of cloud technologies, and favorable regulatory frameworks supporting data privacy and security. The U.S., in particular, continues to invest in next-generation network technologies, strengthening its position as a market leader.
Asia-Pacific
The Asia-Pacific region is expected to be the fastest-growing market, with a CAGR of 12% and a projected 30% market share by 2034. Key growth drivers include rising digitalization, increasing internet penetration, and government-led digital transformation initiatives across countries such as China, India, and Japan.
Europe
Europe holds a solid 25% share, supported by strong GDPR-driven compliance requirements and a focus on technological innovation across various industries. Enterprises in the region are investing in cloud services to improve competitiveness and meet regulatory obligations.
Emerging Markets
Regions like Latin America and the Middle East & Africa (MEA) are gaining momentum. Latin America, with a projected 15% CAGR, is witnessing increased adoption of cloud services in countries like Brazil and Mexico. The MEA region is expected to grow at around 13% CAGR, driven by young tech-savvy populations and digital government initiatives, although regulatory and infrastructure challenges remain.
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Market Drivers
Several factors are driving the growth of the Cloud Managed Network market. The rise of remote work and digital collaboration has intensified the need for flexible and scalable networking solutions. AI and machine learning are playing a transformative role in network management, enabling predictive maintenance, traffic optimization, and enhanced security.
The adoption of subscription-based models is another critical driver. Organizations are shifting towards OPEX-based models that allow them to scale services based on actual usage, rather than maintaining expensive in-house infrastructure.
Furthermore, increasingly stringent regulatory requirements, such as GDPR and data localization laws, are encouraging organizations to adopt managed cloud services that ensure compliance and mitigate risk.
Market Challenges
Despite its strong growth outlook, the market faces several challenges. Data security concerns remain a primary barrier, as organizations hesitate to migrate sensitive data to third-party environments due to the risk of breaches.
Another major hurdle is the integration of legacy systems. Many enterprises still operate on outdated infrastructure, complicating the transition to cloud-managed networks and increasing implementation costs.
There's also a skills gap in cloud networking. The demand for qualified professionals to manage and secure cloud infrastructure outpaces supply, especially in developing markets.
High initial costs can be prohibitive for SMEs, even though cloud-managed networks offer cost savings in the long term. Lastly, regulatory uncertainties, especially in emerging markets, may slow adoption due to compliance concerns.
Opportunities and Emerging Trends
Looking ahead, SMEs represent a significant opportunity for growth. As more small businesses go digital, demand for affordable, scalable, and easy-to-manage networking solutions will soar.
Emerging trends such as AI-driven network automation, zero-trust security models, and cloud-native monitoring tools are likely to shape future product offerings. Furthermore, partnerships and acquisitions among key players will continue to redefine the competitive landscape.
The growing popularity of edge computing is another trend that complements cloud-managed networks, allowing data processing closer to the source while maintaining centralized management.
Recent Developments and Strategic Moves
Company Name: Cisco Systems
Month & Year: March 2023
Type of Development: Product Launch
Detailed Analysis: In March 2023, Cisco Systems launched an enhanced version of its Cloud-managed networking platform, which integrates advanced automation, AI capabilities, and enhanced security features. This product is pivotal as it meets the growing demand for sophisticated network management solutions tailored for hybrid environments. Significantly, the AI-driven elements allow for more streamlined operations and proactive management, reducing network downtime and ultimately enhancing user experience. The launch illustrates Cisco's commitment to maintaining its leadership position in the cloud-managed network space while responding effectively to competitive pressures from agile newcomers. The impact of this product enhancement not only solidifies Cisco's market share but may also shift the competitive landscape, prompting other players to accelerate innovation and investments in similar technologies.
Company Name: VMware
Month & Year: July 2023
Type of Development: Partnership
Detailed Analysis: In July 2023, VMware announced a strategic partnership with Google Cloud to deliver integrated cloud networking solutions, leveraging VMware's cloud management tools with Google's advanced AI and machine learning capabilities. This partnership is significant as it positions both companies to enhance their competitive offerings in the fast-evolving cloud-managed network market. The collaboration aims to provide customers with more resilient and flexible networking solutions that are optimized for multi-cloud environments. As organizations continue to prioritize cloud solutions, this alliance may influence key industry trends, such as increased cloud adoption and the need for interoperability between different platforms. Competitors will likely respond by exploring similar partnerships or enhancing their own product offerings to remain relevant.
Company Name: HPE (Aruba Networks)
Month & Year: August 2023
Type of Development: Acquisition
Detailed Analysis: In August 2023, HPE's Aruba Networks announced the acquisition of a small but innovative cybersecurity firm specializing in cloud access security broker capabilities. This acquisition is significant as it demonstrates Aruba's strategic focus on securing cloud-managed networks in an environment increasingly threatened by cyber risks. The integration of these capabilities is expected to provide existing customers with enhanced security features and add competitive differentiation to Aruba's offerings. As enterprises continue to migrate to cloud environments, the market demand for security measures will grow, leading other companies to consider similar acquisitions to fortify their cloud solutions. This shift underscores a potential trend of 'security by design' emerging at the forefront of cloud network strategies across the industry.
Company Name: Arista Networks
Month & Year: September 2023
Type of Development: Technological Advancement
Detailed Analysis: In September 2023, Arista Networks unveiled a major upgrade to its CloudVision platform, incorporating advanced analytics and artificial intelligence to improve operational visibility and control in cloud-managed networks. This advancement is particularly significant in a landscape where network complexity is on the rise due to increased cloud adoption and remote work. Enhanced analytics allow network operators to optimize traffic flows and quickly troubleshoot issues, ultimately enhancing service delivery. The move positions Arista as a thought leader in the integration of AI within networking, inspiring competitors to accelerate their technological innovations. This development is likely to enhance competitive dynamics, incentivizing firms to prioritize AI integration in their product roadmaps.
Company Name: Extreme Networks
Month & Year: October 2023
Type of Development: Expansion
Detailed Analysis: In October 2023, Extreme Networks announced an expansion of its service offering to include managed network services targeted at small to medium-sized enterprises (SMEs). This strategic move is significant due to the growing trend of SMEs seeking scalable, reliable network solutions that include management, monitoring, and security. By expanding its portfolio, Extreme aims to capture a larger share of an underserved market segment. This could lead to increased competition in the SME sector, as other players will need to evolve their strategies to meet the rising expectations for managed services. The successful execution of this strategy could establish Extreme Networks as a key player catering specifically to the needs of SMEs, which traditionally have less sophisticated IT capabilities.
This report is also available in the following languages : Japanese (クラウドマネージドネットワーク市場), Korean (클라우드 관리 네트워크 시장), Chinese (云管理网络市场), French (Marché des réseaux gérés par le cloud), German (Markt für Cloud-Managed-Netzwerke), and Italian (Mercato delle reti gestite dal cloud), etc.
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Asante Provides Financial and Operating Results for the Quarter Ended April 30, 2025
VANCOUVER, British Columbia, June 06, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | ('Asante' or the 'Company') announces the filing of its financial statements and management's discussion and analysis ('MD&A') for the three months ended April 30, 2025 ('Q1 2026'). All dollar figures are in United States dollars unless otherwise indicated. A summary of the financial and operating results for fiscal Q1 2026 are presented in this news release. For a detailed discussion of results for the first quarter, please refer to the Management's Discussion and Analysis filed on SEDAR+ at and Asante's website at Dave Anthony, President and CEO stated, 'We are pleased to report a significant ramp up in stripping operations during the first quarter, including the highest quarterly material movement at Bibiani in more than two years. Commissioning of the sulphide treatment plant will advance through July with full operations in August. Production and cost metrics were in line with annual guidance as noted in our recent five year outlook, which envisages growth to over 500,000 ounces per year by 2028 and free cash flow generation of over $2 billion through 2029. We look forward to updating investors on our financing process, which we expect to conclude by the end of July 2025.' Quarter ended April 30, 2025 Summary Financial Results Three months ended April 30 ($000s USD) except as noted 2025 2024 Financial Results Revenue 141,982 114,311 Total comprehensive loss1 (20,038) (16,036) Adjusted EBITDA2 30,664 13,026 Operations Results Gold equivalent produced (oz) 51,912 53,379 Gold sold (oz) 48,190 53,600 Consolidated average gold price realized per ounce2 ($/oz) 2,946 2,133 AISC2 2,971 1,879 Notes:(1) Total comprehensive loss attributable to shareholders of the Company(2) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company's financial statements, refer to 'Non-IFRS Measures'. Asante's revenue for the three months ended April 30, 2025 was $142 million, a 24% increase from $114 million in the same period in 2024. The increase in revenue was primarily driven by higher gold prices and partially offset by a lower volume of gold sold. In the three months ended April 30, 2025, the Company realized an average gold price of $2,946 per ounce on the sale of 48,190 gold equivalent ounces, compared to $2,133 per ounce on the sale of 53,600 ounces in the same period in 2024. Adjusted EBITDA for the three months ended April 30, 2025 was $30,664, compared to $13,026 in the same period in 2024. The increase in Adjusted EBITDA reflects gold prices at all-time high only partially offset by a lower volume of gold sold. The Company produced 51,912 gold equivalent ounces for the three months ended April 30, 2025, compared to 53,379 gold equivalent ounces in the same period in 2024. The decrease in gold production in the three-month period ended April 30, 2025 compared to the prior year comparable period was due to lower feed grades at Bibiani. Consolidated AISC increased by 58% for the three months ended April 30, 2025 compared to the same period in 2024 primarily due to additional costs at Bibiani resulting from increased stripping in the Main Pit and lower grade ore. Additionally, higher sustaining capital expenditures at Chirano as well as lower consolidated volume of gold equivalent sold contributed to this increase. Bibiani Mine – Summary of the quarter ended April 30, 2025 Results Three months ended April 30 ($000s USD) except as noted 2025 2024 Waste mined (kt) 11,412 2,472 Ore mined (kt) 558 587 Total material mined (kt) 11,970 3,058 Strip ratio (waste:ore) 20.5 4.2 Ore processed (kt) 581 596 Grade (grams/tonne) 1.33 1.65 Gold recovery (%) 68% 65% Gold equivalent produced (oz) 17,241 19,183 Gold equivalent sold (oz) 16,708 19,363 Revenue ($ in thousands) 46,674 41,309 Average gold price realized per ounce1 2,794 2,133 AISC1 3,693 1,752 Note:(1) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company's financial statements, refer to 'Non-IFRS Measures'. Total material mined increased by 291.4% in the three months ended April 30, 2025 compared to the three months ended April 30, 2024. In the three months ended April 30, 2025, ore mined totaled 558,133 tonnes, a 4.8% decrease from 586,536 tonnes in the same period in 2024. The increase in total material mined in the three months ended April 30, 2025 and the decrease in ore mined in the three months ended April 30, 2025 reflects the Company's strategy to reduce the waste strip backlog associated with the expansion of the Main Pit, as well as the continued mining activities at the Russel satellite pit. Gold equivalent ounces produced in the three months ended April 30, 2025 was 17,241 compared to 19,183 in the three months ended April 30, 2024. The decrease in the three months ended April 30, 2025 was due to lower grade plant feed, impacted by draws from low-grade stockpiles whilst operations are focused on reducing the backlog of waste stripping. In addition, results were impacted by a high proportion of sulphide ore processed without the benefit of a sulphide treatment plant, which continues to limit gold recovery. AISC increased to $3,693 per ounce in the three months ended April 30, 2025, compared to $1,752 per ounce in the same period of 2024. The increase was primarily due to elevated stripping requirements, lower grade ore processed, and other higher sustaining capital expenditures. Bibiani Mine – Outlook For the year ending January 31, 2026, the Company plans to execute on its growth strategy which includes: The construction, commissioning, and optimization of the sulphide treatment plant with commissioning expected to begin by the end of Q2 2026, and full operations expected to begin in Q3 2026, significantly enhancing gold recovery. Plant throughput expansions including completion of an upgraded crushing system, which has already started and progressing to plan to achieve a throughput increase from 3.0 Mt/y to 4.0 Mt/y and create a robust crushing circuit. Plant upgrades to the carbon-in-leach ('CIL') plant. Road construction connecting Bibiani to Chirano. Backup generator installation to ensure uninterrupted power to operations and reduced plant downtime. Commencement of underground mining. A definitive feasibility study has been completed, with the underground preparation program that already started targeting start of development in Q4 2026. Full production from the underground mine is planned for 2028, with an anticipated delivery of up to 2.6 Mt/year at an average in situ grade of approximately 3.0 g/t Au above the cutoff grade through 2030. Complete the advanced exploration grade control drilling program at Pamunu, Ayiseru, and Asempaneye to facilitate the development of new satellite pits in 2025, with the goal of improving oxide ore feed and maximizing plant throughput. External financing is being arranged to execute this growth strategy. The Company is currently pursuing various financing initiatives, and although there is no certainty that such financing initiatives will be completed, the Company is confident that it will be able to complete such initiatives in the near term. Subject to the availability of sufficient financing, the Company expects to successfully complete the above initiatives and produce between 155,000 and 175,000 gold ounces at Bibiani in the year ending January 31, 2026, including a significant increase in monthly production in the latter part of the fiscal year following advancement of the planned waste stripping program and completion of the sulphide treatment plant. Chirano Mine –Summary of the quarter ended April 30, 2025 Results Three months ended April 30 ($000s USD) except as noted 2025 2024 Open Pit Mining: Waste mined (kt) 1,742 2,734 Ore mined (kt) 321 612 Total material mined (kt) 2,063 3,347 Strip ratio (waste:ore) 5.4 4.5 Underground Mining: Waste mined (kt) 204 210 Ore mined (kt) 461 460 Total material mined (kt) 665 670 Ore processed (kt) 929 840 Grade (grams/tonne) 1.31 1.47 Gold recovery (%) 86% 86% Gold equivalent produced (oz) 34,671 34,196 Gold equivalent sold (oz) 31,482 34,236 Revenue ($ in thousands) 95,308 73,002 Average gold price realized per ounce1 3,027 2,132 AISC1 2,587 1,951 Note:(1) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company's financial statements, refer to 'Non-IFRS Measures'. Ore mined from open pit mining decreased by 47.6% in the three months ended April 30, 2025 compared to the same period in 2024. Ore mined decreased in the three months ended April 30, 2025, due to decreased ore mining activity as a result of a focus on stripping activities at the Mamnao central, and Aboduabo open pits. Ore mined from underground mining was relatively constant in the three months ended April 30, 2025, compared to the same period in 2024. Obra, Suraw and Akwaaba were the contributors of underground material in the three months ended April 30, 2025 whilst development started at Akoti Far South to establish another stopping area, improving flexibility. Ore processed increased by 10.6% in the three months ended April 30, 2025 compared to the same period in 2024. The increase was mainly due to greater power availability and realised benefits from plant throughput improvement project initiatives. In the three months ended April 30, 2025, ore grade processed decreased to 1.31 grams per tonne (2024 - 1.47 grams per tonne) due to proportionally more plant feed from low grade stockpiles rehandled in 2025 as opposed to open pit ore in the comparable period. The increased in ore processed, offset by lower ore grades, resulted in marginal increased gold equivalent ounces produced of 34,671 ounces in the three months ended April 30, 2025 compared to 34,196 ounces in the three months ended April 30, 2024. AISC increased to $2,587 per ounce in the three months ended April 30, 2025 compared to $1,951 per ounce in the same period of 2024. This increase was primarily driven by higher sustaining capital expenditures and higher indirect costs associated with production as well as lower volume of gold equivalent sold. Chirano Mine – Outlook For the year ending January 31, 2026, the Company plans to execute on its growth strategy which includes: Execution of process plant projects as planned to improve performance and increase the annual mine production rate to 4Mt/annum. This includes vibrating screen for primary jaw crusher installation, run-of-mine bin refurbishment, apron feeder upgrade, cyclone feed hopper upgrade, carbon regeneration kilns upgrade, mill 2 feed end and half shell replacement, installation of 12-ton acid wash and elution columns, installation of thermic oil heaters, water storage facility construction, TSF1 SE stage 2 raise and TSF3 construction. Underground development of the Akwaaba, Tano and Akoti far south mines to ensure robust underground ore delivery. Development of exploration drifts towards the north to explore and target the reclassification of the resource at Sariehu and Mamnao underground mines and to reaffirm the north mine concept of existing continuity between Obra and Sariehu underground deposits. Start of Aboduabo open pit oxide mining. Ongoing underground exploration projects at the Suraw, Obra and open pit mine life extension projects at the Sariehu/Mamnao area are progressing as planned. The Company expects to produce between 155,000 and 175,000 gold ounces at Chirano for the year ending January 31, 2026. Qualified Person Statement The scientific and technical information contained in this news release has been reviewed and approved by David Anthony, Mining and Mineral Processing, President and CEO of Asante, who is a "qualified person" under NI 43-101. Non-IFRS Measures This news release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ('IFRS'), including 'all-in sustaining costs' (or 'AISC'), 'earnings before interest, taxes, depreciation and amortization' (or 'EBITDA'), and free cash flow. Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with Asante's consolidated financial statements. Readers should refer to Asante's Management Discussion and Analysis under the heading "Non-IFRS Measures" for a more detailed discussion of how Asante calculates certain of such measures and a reconciliation of certain measures to IFRS terms. About Asante Gold Corporation Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines and continues with detailed technical studies at its Kubi Gold Project. All mines and exploration projects are located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana. The Company is listed on the Canadian Securities Exchange, the Ghana Stock Exchange and the Frankfurt Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana's Golden Triangle. Additional information is available on the Company's website at About the Bibiani Gold Mine Bibiani is an operating open pit gold mine situated in the Western North Region of Ghana, with previous gold production of more than 4.5 million ounces. It is fully permitted with available mining and processing infrastructure on-site consisting of a newly refurbished 3 million tonne per annum process plant and existing mining infrastructure. Asante commenced mining at Bibiani in late February 2022 with the first gold pour announced on July 7, 2022. Commercial production was announced November 10, 2022. For additional information relating to the mineral resource and mineral reserve estimates for the Bibiani Gold Mine, please refer to the 2024 Bibiani Technical Report filed on the Company's SEDAR profile ( on April 30, 2024. About the Chirano Gold Mine Chirano is an operating open pit and underground mine located in the Western Region of Ghana, immediately south of the Company's Bibiani Gold Mine. Chirano was first explored and developed in 1996 and began production in October 2005. The mine comprises the Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao open pits and the Akwaaba and Paboase underground mines. For additional information relating to the mineral resource and mineral reserve estimates for the Chirano Gold Mine, please refer to the 2024 Chirano Technical Report filed on the Company's SEDAR profile ( on April 30, 2024. For further information please contact: Dave Anthony, President and CEOFrederick Attakumah, Executive Vice President and Country Director info@ 604 661 9400 or +233 303 972 147 Cautionary Statement on Forward-Looking Statements Certain statements in this news release constitute forward-looking statements or forward-looking information. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: production, free cash flow and all-in sustaining costs forecasts for the Bibiani and Chirano Gold Mines, estimated mineral resources, reserves, exploration results and potential, development programs, expansion and mine life extension opportunities, completion and timing of plant upgrades, commencement of underground mining, and completion and timing of external financing by the Company. These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the impact of inflation and disruptions to the global, regional and local supply chains; tonnage of mineralized material to be mined and processed; future anticipated prices for gold and assumed foreign exchange rates; the timing and impact of planned capital expenditure projects, including anticipated sustaining, project, and exploration expenditures; risks related to increased barriers to trade, including tariffs and duties; ore grades and recoveries; capital, decommissioning and reclamation estimates; our mineral reserve and mineral resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions at any of our operations; no unplanned delays or interruptions in scheduled production; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; our ability to secure and maintain title and ownership to mineral properties and the surface rights necessary for our operations, including contractual rights from third parties and adjacent property owners; whether the Company is able to maintain a strong financial condition and have sufficient capital, or have access to capital, to sustain our business and operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the duration and effect of local and world-wide inflationary pressures and the potential for economic recessions; fluctuations in the price of gold; fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships and claims by local communities; changes in laws, regulations and government practices in the jurisdictions where we operate, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments in countries where the Company may carry on business, including legal restrictions relating to mining, risks relating to expropriation; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned activities, the Company's inability to raise the necessary capital or to be fully able to implement its business and growth strategies, and those risk factors identified in the Company's management's discussions and analysis and the most recent annual information form. The reader is referred to the Company's public disclosure record which is available on SEDAR ( Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. LEI Number: 529900F9PV1G9S5YD446. 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Mining wealth with AI and clean energy in 2025: RIMining helps you easily start daily crypto income
Los Angeles, California, June 06, 2025 (GLOBE NEWSWIRE) — As clean energy and artificial intelligence reshape global industries, RIMining has ignited a green revolution in crypto mining. From photovoltaic fields bathed in sunlight to remote wind farms with howling winds, renewable energy is driving a new era of smart cloud mining – no noise, no complex equipment, no high electricity bills. RIMining also uses AI scheduling to feed surplus electricity back to the grid, cut costs, practice sustainable development, and redefine the future of energy. Whether you are a novice or an experienced investor, RIMining provides you with a low-threshold, AI-driven way to easily participate in crypto mining, obtain mainstream assets such as Bitcoin and Ethereum, without hardware investment, and enjoy the pleasure of passive income. What is RIMining Founded in 2014 and headquartered in the UK, RIMining is the world's leading cryptocurrency cloud mining platform. It has covered more than 190 countries around the world, with more than 18 million users, 80+ data centers, and more than 16,000,000+ mining machines in operation. The platform has passed the official certification of the UK FCA and has become one of the most trustworthy and influential cloud mining platforms in the world, providing efficient, safe, and low-threshold cryptocurrency mining services to global investors. Why choose RIMining? New member bonus: Register now to get $15 and get extra gifts, sign in every day to get $0.6 High transparency of earnings: Daily earnings data is clearly visible, and the platform provides detailed earnings reports and historical records, allowing users to clearly understand the flow of funds. User-friendly interface: The platform is designed to be intuitive and simple, so even first-time cryptocurrency users can quickly get started and easily manage mining and earnings. Flexible choice of deposit and withdrawal currencies: XRP, BTC, ETH, SOL, USDC, DOGE, LTC, USDT-TRC20, USDT-ERC20, etc. Community support and trust: RIMining has an active user community and a good reputation, which enhances user confidence and allows them to share mining experience. Continuous technology upgrades: The platform continuously optimizes AI algorithms and mining technologies to ensure that users always enjoy industry-leading revenue efficiency. Just operate it easily, RIMining AI will help you earn crypto income every day: Choosing RIMining cloud mining is equivalent to choosing professionalism and stability. The platform is equipped with an intelligent analysis team to monitor the computing power performance in real time and automatically upgrade the mining machine configuration to ensure that users always enjoy efficient computing power and stable income, and comprehensively improve investment security. The following chart illustrates the potential income you can achieve. Join RIMining to start your wealth journey. It takes less than a minute to complete: one-click registration of RIMining account Advanced security measures RIMining uses top security protocols to protect user investments and personal information. EV SSL encryption technology ensures data transmission security and effectively resists network threats; dedicated servers resist DDoS attacks, ensuring uninterrupted service and protecting user assets. Summarize RIMining is reshaping cloud mining with clean energy and AI technology, allowing everyone to easily and safely obtain cryptocurrency income. Join RIMining now and take the first step towards your passive income in a smart and green way. For more information, please visit For business cooperation: [email protected] Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence, including consulting a professional financial advisor, before investing or trading in cryptocurrencies and securities. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
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Koryx Copper Announces Filing of its Annual Information Form
VANCOUVER, British Columbia, June 06, 2025 (GLOBE NEWSWIRE) — Koryx Copper Inc. ('Koryx' or the 'Company') (TSX-V: KRY) is pleased to confirm the filing of its Annual Information Form ('AIF') for the year ended August 31, 2024 on SEDAR+ under the Company's profile at An electronic copy of the AIF may be obtained on the Company's website at or under the Company's SEDAR+ profile. About Koryx Copper Inc. Koryx Copper Inc. is a Canadian copper development Company focused on advancing the 100% owned Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large, advanced (PEA-stage) copper/molybdenum porphyry deposit in southern Namibia with a long history of exploration and project development by multiple operators. More than 80,000m of drilling has been conducted at Haib since the 1970's with significant exploration programs led by companies including Falconbridge (1964), Rio Tinto (1975) and Teck (2014). Extensive metallurgical testing and various technical studies have also been completed at Haib to date. Additional studies are underway aiming to demonstrate Haib as a future long-life, low-cost, low-risk open pit, sulphide flotation copper project with the potential for additional copper production from heap leaching. Haib has a current mineral resource of 414Mt @ 0.35% Cu for 1,459Mt of contained copper in the Indicated category and 345Mt @ 0.33% Cu for 1136Mt of contained copper in the Inferred category (0.25% Cu cut-off). Mineralization at Haib is typical of a porphyry copper deposit and it is one of only a few examples of a Paleoproterozoic porphyry copper deposit in the world and one of only two in southern Africa (both in Namibia). Due to its age, the deposit has been subjected to multiple metamorphic and deformation events but still retains many of the classic mineralization and alteration features typical of these deposits. The mineralization is dominantly chalcopyrite with minor bornite and chalcocite present and only minor secondary copper minerals at surface due to the arid environment. Further details of the Haib Copper Project are available in the corresponding technical report titled, 'NI 43-101 Technical Report – August 2024 Mineral Resource Estimate for the Haib Copper Project, Namibia' dated effective August 31, 2024 (the 'Technical Report'). The Technical Report and other information is available on the Company's website at and under the Company's profile on SEDAR+ at ON BEHALF OF THE BOARD OF DIRECTORS 'Heye Daun' President, CEO and Director Additional information is also available by contacting the Company: Julia Becker Corporate Communications [email protected] +1-604-785-0850 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect ', 'is expected ', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or 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'. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
