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FINWIRES

Earnings Flash (AEP.V) Atlas Engineered Products Reports Q1 Revs C$9.3M, Down 16% YoY; Net Loss After Adjustments and Taxes $1.73M

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Mining & Metals

Cygnus Metals Provides Strong Drill Results from Golden Eye Deposit in Canada

Cygnus Metals (CYG.V) reported early Monday strong drilling results from the Golden Eye deposit at the Chibougamau copper-gold project in Canada.Highlights include 39.5 grams per tonne (g/t) of gold equivalent over 3 meters, 8.4 m at 16.3 g/t gold equivalent, and 3.6 m at 15.7g/t gold equivalent.The mineral estimate for the deposit now stands at 500,000 tonnes grading 5.6 g/t gold equivalent for 91,000 ounces of gold equivalent in the indicated category, and 1.2 million tonnes at 4.6 g/t gold equivalent for 182,000 ounces of gold equivalent in the inferred category."These results are consistent with our strategy to upgrade more of the inferred resource to the more valuable indicated category," Executive Chairman David Southam said.Cygnus expects assays from the Gwillim prospect at the end of the second quarter, with joint venture partner Alamos Gold (AGI.TO) funding the program.

$CYG.V
Mining & Metals

Earnings Flash (GG.V) Golconda Gold Reports Q1 Revenue $13.9M; Net Earnings of $5.5M and Fully Diluted EPS $0.07

$GG.V
Mining & Metals

Triple Flag Precious Metals Announces Increase in Credit Facility at Improved Terms

Triple Flag Precious Metals (TFPM.TO) has secured amendments to its existing undrawn revolving credit facility, including an increase in the size of the credit facility at more favorable terms, the company said on Monday.Under the amended agreement, the company has a credit facility of US$1 billion with an additional uncommitted accordion of up to US$300 million, representing an increase from the previous agreement that had a credit facility of US$700 million and an accordion of up to US$300 million.The credit facility has a term of four years, maturing in May 2030.Advances under the renewed credit facility are subject to interest at SOFR plus 1.325% to 2.75% per annum, depending on the company's leverage ratio, it said, and added that the amended interest rate spreads above SOFR have been reduced by 12.5 basis points at the lower end of the range, when compared to the previous credit facility agreement."The amended Credit Facility was jointly led by National Bank Capital Markets, Bank of Nova Scotia and Canadian Imperial Bank of Commerce," added the company. "Additionally, the syndicate includes Royal Bank of Canada, Toronto-Dominion Bank, Bank of America, Bank of Montreal and UBS. National Bank of Canada acts as Administrative Agent on the Credit Facility."

$TFPM.TO