Morning Briefing: Q4/Year End Production Numbers Begin Rolling Into the Market
Good morning and welcome to the Mining Stock Daily Morning Briefing. I’m Trevor Hall
Its Wednesday, January 8th.
The gold price found a bid yesterday, despite a strengthening dollar, higher yields and a weakening stock market performance. It closed the day up 7/10ths of a percent to $2665 front month futures basis, about $15 dollars below its intraday high and continuing to attempt to close above its 50 day moving average. Silver closed the day up 3/10ths of a percent at $30.68/oz. Economic data showed US job opening increased in November, albeit slower hiring. There remains speculation on the effect of Trump tariffs on the economy and inflation, although the bond market continues to have its say about the ordeal with yields continuing to rise.
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…..
Calibre Mining published operating results from the final quarter of 2024 for its full year. The company recorded record consolidated quarterly production of 76,269 ounces and full year gold production of 242,487 ounces, exceeding updated 2024 guidance. The company says the Valentine gold project construction remains on track for Q2 gold production. Calibre also shared 2025 production guidance numbers, saying the market should expect a range of 230,000-280,000 ounces produced this year. Operations in Newfoundland are not calculated into that number. The company currently holds $131.1 million in cash and $55.6 million in restricted cash. (TSX: CXB; OTCQX: CXBMF) News Release
Orezone also published their Q4 and full year production numbers. The company produced 36 and a half thousand ounces at the Bomboré Gold Mine in the quarter and reached annual gold production of 118,746 ounces exceeding the mid-point of guidance. The company’s Q4 sale price averaged a realized price of US$2,632/oz, resulting in revenue of US$91.7 million. For the full year, gold sales totaled 118,697 ounces at an average realized price of US$2,384/oz, resulting in revenue of US$282.9 million. (TSX: ORE, OTCQX: ORZCF) News Release
G Mining Ventures says they produced 63 and a half thousand ounces of gold in what was a transformative year in 2024. Almost two thirds of that production came in Q4. In Q1-2025, the Corporation plans to ramp up production at Tocantinzinho toward nameplate capacity and confirm exploration plans for greenfield and brownfield targets near the Mine. In conjunction, G Mining will also commence early works at Oko West while also advancing its feasibility study and financing opportunities. (TSX: GMIN) (OTCQX: GMINF) News Release
Faraday Copper announced results of 5 drill holes at the copper Creek Project in Arizona. Drill hole FCD-24-082 intersected 118.28m of .3% copper and 1.14 g/t silver in the Prada breccia and the results demonstrate that the Boomerang breccia is mineralized at depth with that same hole returning 109.4m of .41% copper. North of the American Eagle breccia, drill hole FCD-24-077 intersected 197.20 m at 0.22% copper and 0.77 g/t silver. A reconnaissance drill hole east of Area 51 identified silver-rich skarn and vein-hosted mineralization over 58.08 m at 19.10 g/t silver from surface. Phase III drilling continues with the current focus on near-surface mineralization in the American Eagle and Rum areas. (TSX:FDY) (OTCQX:CPPKF) News Release
District Metals has entered into a definitive royalty purchase agreement with an arm’s length vendor to acquire a 2% net smelter returns royalty previously granted by the company over the remaining four mineral licenses covering the Viken Deposit in Sweden. The NSR was re-purchased by the company with 500,000 common shares of the company. As a result, subject to closing, District's 100% owned Viken Deposit is now completely free of any NSR royalty. (TSXV: DMX) (OTCQB: DMXCF) News Release
Vizsla Copper has entered into a purchase agreement with Siyata Mobile to acquire the vendor’s 49% joint venture interest in the five claims within the company’s Woodjam Project which were previously known as the Rand claims. Vizsla Copper has agreed to acquire the JV Interest in exchange for $5,000 and 2,000,000 common shares of the Company. (TSXV: VCU) (OTCQB: VCUFF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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