Morning Briefing: Equinox Gold Q2 Production Numbers, NGEx Hits High Grade Gold
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Tuesday, July 8th
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…..
Equinox Gold published its Q2 production numbers this morning and also provided another construction update for Valentine. Total consolidated Q2 production delivered 219,122 ounces including 51,274 ounces from Greenstone and 72,823 ounces from the Calibre Mining assets. The company says these are consistent with expectations following a revised guidance of 785,000 to 915,000 ounces for the year was announced and a second half of the year is expected to come in stronger. COO and President Darren Hall says they are implementing a comprehensive Greenstone improvement plan. At Valentine, the company says the project is on schedule and they forecast for first ore through the mill in late August. (TSX: EQX) (NYSE American: EQX) News Release
Ivanhoe Mines published Q2 numbers from Kamoa-Kakula. During the second quarter, Kamoa-Kakula's Phase 1, 2, and 3 concentrators milled a total 3.62 million tonnes of ore, producing 112,009 tonnes of copper, representing an 11% year-on-year increase. "Stage One" dewatering activities have been in place and operating to plan as of June 2, 2025. Water levels on the eastern side of the Kakula Mine have decreased modestly ahead of "Stage Two" dewatering activities from next month. The five, procured high-capacity, submersible "Stage Two" dewatering pumps are currently undergoing factory assembly in China and are expected to be air-freighted to site within the coming weeks. In early June, mining on the western side of the Kakula mine restarted. Furthermore, Underground development of a new mining area, located on the far eastern side of the Kakula Mine, has recently commenced. (TSX: IVN) (OTCQX: IVPAF) News Release
NGEx Minerals released the final drill results from its Phase 3 program on the Lunahuasi project in Argentina. The highlight of these results is the discovery of ultra high-grade visible gold in quartz veins in the Saturn zone, including 504.0 g/t over 1.55m and 290.0 g/t over 0.90m in two separate veins in hole DPDH046. That same hole hit a wide intersection of 104.8m of 2.97% Cu, 14.74 g/t Au and 65 g/t Ag. Although we have intersected high gold grades in previous holes, this new style of mineralization is fundamentally different and significantly increases the potential value of the project. Other results this morning were 50.5m of 10.68% CuEq and 15.4m of 10.28% CuEq. (TSX: NGEX) (OTCQX: NGXXF) News Release
West Point Gold published their most recent drill results from the Tyro Main Zone on the Gold Chain Project in Arizona. Definition drilling of the recently discovered NE Tyro Zone (link here) continues to push the lateral and vertical limits outward over a strike of about 200m and up to 150m vertically. Hole GC25-59 intersected 32.05m of 3.51 g/t Au, including 15.28m of 7.02 g/t. Hole GC25-60 intersected 50.30m of 1.29 g/t Au. The mineralized zone at northeast Tyro is exposed at the surface and remains open at depth, to the north and possibly to the south. TSXV: WPG) (OTCQB: WPGCF) News Release
Banyan Gold published their first Indicated Mineral Resource in their updated resource estimate this morning. The updated MRE comprises an Indicated Mineral Resource of 2.274 million ounces of gold and an inferred resources of 5.453 Moz of Au. The updated MRE incorporates an additional 21,000 metres from 118 diamond drillholes collared within the Airstrip and Powerline deposits of AurMac completed in 2024. (TSXV:BYN) (OTCQB:BYAGF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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