Morning Briefing: The Financing Window for Gold Equities Remains Open
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall
It's Monday, April 14th.
It was an explosive week for gold as it wrapped up Friday trading up more than six and a half percent on the week with spot closing at $3,235/oz, up $200 on the week. It has risen 10% throughout the month of April and gained 20% since the beginning of the year. Last week’s recent move is certainly attributed to the volatility in the stock market and most notably the treasury market in the United States, which was unable to find a safe haven bid throughout the week. Many large banks have raised their price forecasts for the year, including most recently Goldman Sachs which now has a pride target of $3,700 on the yellow metal. Silver also had a strong week, seeing up days every day and closing above that $30 target at $31.91/oz. And copper edged higher last week closing at $4.52/lb. This morning’s China trade data showed metals exporters front-loaded shipments in the last full month before the tariffs make an impact.
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…Integra Resources.
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…..
Calibre Mining shared operating results for the first quarter of 2025. The company produced 71,539 ounces of gold, which is a record first quarter for the company. It consisted of 64,469 ounces out of Nicaragua and 7,070 ounces out of Nevada. As of March 31st, the company had $214.5M in cash. Calibre also provided an update on the construction of the Valentine Mine. Ore processing is delayed until Q3 now followed by a steady ramp up to nameplate capacity of 2.5 million tonnes. The delay in ore processing reflects scope growth in certain areas such as electrical cabling and actual contractor performance. The tailings management facility is complete while the primary crusher installation, conveyors, and CIL leaching tanks are nearing completion. (TSX: CXB; OTCQX: CXBMF) News Release
Osisko Metals announced initial drill results from its 2025 drilling program and the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Results included 300.0 metres grading 0.39% Cu and 3.17 g/t Ag within the MRE model where there was limited historical data, 211.0 metres grading 0.42% Cu and 2.27 g/t Ag and 148.8 metres grading 0.63% Cu and 4.40 g/t Ag at depth both below the MRE model and extending mineralization to vertical depths. The 2025 drill program is primarily designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. (TSX-V: OM; OTCQX: OMZNF) News Release
Talisker Resources announced it has entered into an agreement with Red Cloud Securities for a best-efforts private placement of up to 10M units at a price of $.50 for proceeds of CAD$5M. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant . Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.75 for a period of 36 months after the Closing Date. The Company intends to use the net proceeds from the Offering for the continued advancement of the Company’s flagship Bralorne Gold Project in British Columbia, as well as for general corporate purposes and working capital. (TSX: TSK, OTCQX: TSKFF) News Release
Liberty Gold has entered into an agreement with Canaccord for a bought deal private placement of over 60M units at a price of $.33 for a total of $20M. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.45 for a period of 24 months following the Closing Date. The net proceeds of the Offering will be used to advance its Black Pine Oxide Gold Project, as well as for working capital and general corporate purposes. (TSX: LGD) (OTCQX: LGDTF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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