Morning Briefing: Elemental Altus Royalties Eye a 50% Increase in 2025 Adjusted Revenue
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Thursday, April 17th.
Gold reached another record high on Wednesday as Asia, once again, continued to accumulate while the West was asleep. The price action screamed past $3,300/oz yesterday while adding another $100 to the price and settling at $3,346/oz, up 3.2%. It was the 24th time this year gold has made a new high. With the US-China trade war worsening Wednesday, the Dollar slipped again on the FX market, losing 0.5% against other major Western currencies to re-test last week's 3-year lows on its DXY index. In a recent Bank of America survey, a threat of a crash in the US Dollar now offers a new tail risk to investment managers worldwide. Silver had a 2% move higher yesterday to 32.98/oz, but still remains well behind the moves in gold. The gold/silver ration, somewhat of a staple for many precious metals investors, currently remains heightened at 102.
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…Vizsla Silver
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 375,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
And here’s what you need to know this morning…..
Awalé Resources provided new assay results from the first nine diamond drill holes completed as part of the Company's drill campaign at the Charger zone at the Odienné Project in Côte d'Ivoire. Awalé says they are gaining a broader understanding of the Charger system with target breccia intercepted in all holes, and alteration opens the potential for new targets. Results today included 26m of 12 g/t Au, 95m of 1.8 g/t Au, 4m of 18.5 g/t Au and 1.5m of 13.4 g/t. In addition, drilling also discovered a new parallel mineralized zone 50m from Charger's high-grade corridor, containing 26m @ 2 g/t gold from 134m. Assays remain pending for four holes on Charger that targeted high-grade mineralization 70m down-dip. (TSXV: ARIC) News Release
Premium Resources announced new assay result from resource reclassification drilling at its past-producing nickel-copper-cobalt sulphide Selebi North underground mine in Botswana. The long list of results were highlighted with 27.55 metres of 4.97% CuEq and 13.15 metres of 4.59% CuEq, both coming from the South Limb. Selebi remains open down-plunge and down-dip beyond the known resource. This marks the completion of the company’s infill drill program, as their focus now shifts to high-impact resource growth through an accelerated expansion drilling strategy. (TSXV: PREM) (OTC Pink: PRMLF) News Release
Maritime Resources shared additional drill results from a grade control drill program at the Hammerdown Gold Project. Hammerdown is located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of King's Point and Springdale. Results today were highlighted with 5.5 g/t Au over 29.8m and included a 1.5m interval of 73 g/t Au. Other results were 16.9 g/t over 2.5m and 67.1 g/t over .9m. These latest drill results cover the central portion of the proposed first year of open pit mining at Hammerdown. The grade control program continues to confirm the vein model and location of the historic underground workings while identifying additional mineralization between the high-grade veins, mine backfill material and remnant pillars. (TSXV: MAE) (OTC Pink: MRTMF) News Release
Li-FT Power has commenced the 2025 Environmental Baseline Data Collection Program at the Yellowknife Lithium Project. The Program represents a significant step in preparing for advanced permitting activities for the Project, including Environmental Assessment, and will also inform mine planning activities, including economic studies. Baseline data collected in 2025 will be used to understand current environmental and socioeconomic conditions in the area and constitutes the first of two years of comprehensive baseline data required for Environmental Assessment. The 2025 program will build on data collected in 2023 and 2024 as well as the wealth of existing data from the area, which is well-studied due to its proximity to Yellowknife and historic mining and exploration activities in the area. (TSXV: LIFT) (OTCQX: LIFFF) News Release
Elemental Altus Royalties announced their operating and financial results for the fourth quarter and full year ended December 31, 2024. For Q4, the company’s adjusted revenue topped US$6.8 million. That was up 21% on Q4 2023 and with no contribution from Korali-Sud. It year-end adjusted revenue was US$21.6 million, up 39% on 2023. The company also published their 2025 guidance and noted 11,600 to 13,200 GEOs, translating to record adjusted revenue of US$30.1 million to US$34.3 million, based on a gold price of US$2,600/oz and a copper price of US$4.00/lb. This represents a 38% increase in GEOs and 50% year-on-year increase in adjusted revenue at the mid-point of guidance. (TSXV: ELE) (OTCQX: ELEMF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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