Latest news with #feasibilitystudy
Yahoo
7 days ago
- Business
- Yahoo
National Bank Lifts PT on B2Gold (BTG) to C$8 From C$7.75, Keeps an Outperform Rating
B2Gold Corp. (NYSE:BTG) is one of the . On July 16, National Bank analyst Don DeMarco raised the firm's price target on B2Gold Corp. (NYSE:BTG) to C$8 from C$7.75 while keeping an Outperform rating on the shares. Aerial view of a gold mine in Mali, showing the scale of the mining operations. The rating came after B2Gold Corp. (NYSE:BTG) announced positive results of a Feasibility Study on its 100% owned Gramalote gold project in the Department of Antioquia, Colombia (the 'Gramalote Project') on July 14. The study showed a meaningful gold production profile with favorable metallurgical characteristics. Management expects to file a technical report related to the feasibility study within 45 days. B2Gold Corp. (NYSE:BTG) is an exploration company that acquires and develops mineral properties. Its operations are divided into the following segments: Fekola Mine, Fekola Regional, Masbate Mine, Otjikoto Mine, Goose Project, Other Mineral Properties, and Corporate and Other. While we acknowledge the potential of BTG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-07-2025
- Business
- Yahoo
Tivan, Sumitomo set up joint venture for WA fluorite project
Tivan has established an incorporated joint venture (IJV) with Sumitomo Corporation to develop the Speewah fluorite project in Western Australia, having met all conditions for the initial phase of investment (Tranche 1). Sumitomo Corporation and Japan Fluorite Corporation (JFC) – a subsidiary of Japanese Government entity the Japan Organization for Metals and Energy Security (JOGMEC) – have made an initial $5.3m (Y781.62m) equity investment in the IJV, securing a 7.5% equity interest in the project. The investment from JFC will finance a project feasibility study, which aims to establish mining and processing operations to produce high-quality acid-grade fluorspar for export. In May 2025, Tivan announced binding agreements with Sumitomo Corporation and JFC to form the IJV to develop, finance and operate the project. The conditions precedent for JFC's Tranche 1 investment included securing approval from the Australian Government Foreign Investment Review Board; Tivan's application to novate Australian Government grant funding; and the completion of the Project Restructure, which involved transferring project tenements to the IJV company, Fluorite SPV. Sumitomo Corporation has entered into binding agreements with JOGMEC, which will hold a 49% equity interest in JFC. Tivan executive chairman Grant Wilson said: 'We are greatly honoured to have secured the involvement of JOGMEC in our joint venture. We look forward to ongoing collaboration with their technical team in Tokyo. 'The pathway we have created to final investment decision is being funded by contributions from Tivan and Sumitomo Corporation, and the governments of Australia and Japan. This model of private-public risk sharing is optimal in its design for the Speewah Fluorite Project and reflects the enduring strength of the bilateral relationship between Australia and Japan.' In June, Tivan received approval from the Australian Government's Foreign Investment Review Board for its initial investment in the Speewah project through JFC. "Tivan, Sumitomo set up joint venture for WA fluorite project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
17-07-2025
- Business
- News.com.au
Horizon Gold chases $11m raise as money flows to precious metals stocks
Morgans launches $4m placement for WA gold developer Horizon Gold after $75m junior enters trading halt Total to be raised set at $11m, with $7m to come from entitlement offer to existing holders including major shareholder Zeta Resources and HRN board Feasibility study on 2.1Moz Gum Creek gold project near Sandstone in 2026 Junior gold explorers are getting more confident about their potential to raise cash with prices for the precious metal sitting at US$3330/oz. Look no further than Horizon Gold (ASX:HRN), one of a handful of large resource holders in WA not to catch a ride on the magic carpet that is the 2025 ASX gold market. The $75 million explorer, a spinoff of failed nickel miner Panoramic Resources, owns the Gum Creek gold project near Sandstone, where the under the radar junior is planning a feasibility study next year. Despite its low profile, HRN is holding onto 44.5Mt at 1.5gt Au for 2.1Moz, 63% of that in the indicated category, most of it free milling gold with better than 90% recoveries. That's according to a pitch sent to investors on Thursday. After heading into a trading halt, HRN is seeking $11m via a $4m Morgans-led placement at 48c, a 7.7% discount to its last traded price, and a $7m entitlement offer priced at 1 for 9.93 to existing shareholders. It'll be well supported given the tight grip major shareholder Zeta Resources and its board have on the stock – around 79.7% of the company. They'll be taking their full entitlement, a term sheet seen by Stockhead said. Back to the future Like so many other projects in WA and across Australia more broadly, Gum Creek was once a producer, turning out 1.1Moz of gold up to 2005. Unsurprisingly, the company and its brokers think the market is a lot more attractive right now. In the two decades since its closure gold has travelled from $560/oz Aussie to over $5000/oz. One handbrake previously had been the refractory nature of many of the resources at Horizon, not the done thing to develop if you're a small, lightly capitalised gold company given the additional costs involved with processing methods designed for tougher ore like pressure oxidation, bug plants, roasters and ultra-fine grinding mills. The current MRE now contains 1.3Moz of gold resources interpreted to be free milling – 32.97mt at 1.22g/t. HRN is planning to locate a mill for the project centrally near the Gidgee Shear Zone deposit, which contains 886,000oz at 1.53g/t, with Howards (267,000oz) at 0.81g/t the other large ore source expected to underpin its base feed. Given the historic Gidgee Mill, it's already got a permitted site. A March 2024 scoping study suggested the project could produce 84,000ozpa at an all in sustaining cost of $1931/oz with a pre-production capital bill of $238.5m. That was conducted at a now very quaint looking $3300/oz Aussie gold price. Since the study there's been a dramatic shift in the power dynamics in the region as well, notably with the aggressive M&A strategy of Brightstar Resources (ASX:BTR), which views Sandstone as potentially its largest production hub beyond the development of its Menzies and Laverton gold projects after the junior gold producer merged with Alto Metals and acquired the Montague project of Gateway Mining (ASX:GML). BTR is now in discussions with Aurumin (ASX:AUN) over a deal for the last significant gold holding in the region outside Horizon's. Hot stuff. Having just completed over 13,000m of drilling, Horizon is planning to put its funds towards a first half 2026 feasibility study and a resource update due in the second half of 2025. Just under half of the new capital is to be put towards exploration and development activities. Its the latest significant capital raising in the gold and silver space, which has propped up the junior exploration sector in 2025 on the ASX. Along with Horizon, near-term Mid West gold developer New Murchison Gold (ASX:NMG) pocketed $15m last month, while $320m capped Paterson Province explorer Antipa Minerals (ASX:AZY) raised $40m earlier in July for its 2.5Moz Minyari Dome project. South American silver explorer Andean Silver (ASX:ASL) is also halted, tapping the market for fresh capital currently. HRN is up only 4% YTD, but over 80% in the past 12 months, but the pitch is that it's trading at a much lower value per resource ounce compared to developer peers.
BBC News
17-07-2025
- Politics
- BBC News
Decision over Highworth golf course housing plans to stand
A controversial decision to progress plans for housing on a former golf course will stand, a scrutiny committee has Swindon Borough Council voted to proceed with a feasibility study for 700 homes on the old golf course in Highworth, Wiltshire, in the decision was reexamined by the council's Corporate Overview and Scrutiny Committee on Wednesday after Conservative councillors used a rare protocol known as a call-in to ask the council to check if proper procedure was leader Jim Robbins told the meeting the project was in the "pre-planning process" stage and a final decision would be made at a later date. The "extraordinary meeting" was called after some opposition councillors cited issues with how the decision to progress the plans to the next stage was made, including that it was not clear whether the cabinet had read the report on the Robbins said it was "simply untrue" to suggest they had not read the papers and "knew nothing about the issue".Closed in 2019, the golf course land has been owned by the council since the resident groups and the town council want the area to officially become a nature park. According to the Local Democracy Reporting Service, at some points, the meeting became heated, with chairman councillor Dale Heenan warning some members of the public after intemperate councillor Steve Weisinger asked for the decision to be returned to the cabinet, but only after the Build a Greener Swindon policy and performance committee had discussed and produced a detailed report on the ward member Nick Gardiner said the decision was "legally shaky, financially short-sighted and environmentally backwards", saying the loss of green open space would have a negative impact on residents and asked for it to be returned for councillor Kevin Small, the cabinet member responsible for the plan, said "even with 700 houses", around "58 per cent of the site will remain as green open space".Mr Heenan pressed Mr Small to assure the committee that no final decision on houses would be taken before a further report was made to cabinet, Mr Small confirming the cabinet would make the final committee voted to confirm the cabinet's decision with voting falling along party lines.
CTV News
15-07-2025
- Business
- CTV News
Northern Pulp to sell off assets five years after N.S. mill closed
More than five years after it closed its Nova Scotia mill, Northern Pulp is starting the process of selling off its company assets, putting an end to discussions of it potentially opening a new kraft pulp mill in the province. Northern Pulp, which fell under creditor protection following the closure of its Pictou County mill in June 2020, said it will start a court-supervised sales process under the Companies' Creditors Arrangement Act (CCAA). The sale was outlined in the company's settlement agreement with Nova Scotia in May 2024. 'This decision follows the completion of a comprehensive feasibility study, which concluded that the company could not achieve the 14% Internal Rate of Return (IRR) required in the settlement agreement to develop a modern bioproducts hub in Liverpool, Nova Scotia,' a news release from the company says. Northern Pulp launched the feasibility study into a new mill as part of the settlement agreement. The company previously said designing and building the bioproducts hub could cost more than $2.5 billion. 'Northern Pulp is thankful for the support and collaboration of the Province of Nova Scotia and local stakeholders throughout the feasibility study,' the release reads. 'The company also extends its gratitude to Nova Scotia's forestry sector for its support during its ownership of the Pictou mill and the feasibility study. The forestry sector's contributions are vital to the province's rural economy, providing jobs, sustaining communities, and fostering sustainable practices.' In a separate news release, Tory Rushton, minister of Natural Resources, said the provincial government will continue to pursue a new sustainable pulp mill in the province. 'From the outset, our government was at the table, working closely with the company to explore every viable option,' Rushton said. 'We provided meaningful support and discussed programs like our Capital Investment Tax Credit that could have offered significant financial assistance.'We did everything we could to help make it a reality. And while this is not the outcome we had hoped for, our government remains a steadfast partner with the industry in exploring how we might work together – and with the federal government – in attracting a new partner that sees the potential in doing business here.' Northern Pulp says proceeds from the asset sale will repay debt incurred through the CCAA process, fund pension plans and help with site maintenance and closure costs. Any remaining money will go to the province. Northern Pulp said the court-appointed monitor is seeking a stay period until Aug. 29 to 'establish a baseline offer.' The British Columbia Supreme Court will hear the request on Thursday. The provincial government ordered the shutdown of Northern Pulp's mill in 2020 when the company failed to meet the environmental requirements for a new effluent treatment plant. -With files from The Canadian Press For more Nova Scotia news, visit our dedicated provincial page
