FINWIRES · TerminalLIVE
FINWIRES

ASX:CEL

4 stories mentioning ASX:CELUpdated 35d ago

Every FINWIRES story that references ASX:CEL, newest first.

Asia

Challenger Gold's First Gold-Silver Doré from Argentina Project Marks Transition to Gold Producer, Euroz Hartleys Says

Challenger Gold's (ASX:CEL) first gold-silver doré from its Hualilán project in Argentina marked the company's transition to a gold producer from an explorer, Euroz Hartleys said in a Tuesday note.The first pour, under a toll milling agreement with Austral Gold (ASX:AGD), produced around 200 kilograms of doré estimated to contain 500 ounces of gold and 6,000 ounces of silver from around 15,000 tonnes of ore.The agreement provides the company with an annual guaranteed processing capacity of 150,000 tonnes and a total secured capacity of 450,000 tonnes over three years.The Hualilán toll milling pre-feasibility study used recoveries of 84% for gold and 66% for silver at nearly 100% payability, implying revenue potential of roughly $2.7 million.There are no changes to the modelling assumptions for the initial toll milling operations, the financial services firm said.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$0.40 price target on Challenger Gold.Challenger Gold shares rose more than 3% in midday trade on Wednesday, while Austral Gold shares were down 4%.

ASX:AGDASX:CEL
Asia

Challenger Gold Pours First Gold Bar From Argentina Project

Challenger Gold (ASX:CEL) poured its first gold bar from the Hualilán gold project in Argentina under a toll milling agreement with Austral Gold (ASX:AGD), according to a Tuesday Australian bourse filing.The first pour produced around 200 kilograms of doré estimated to contain 500 ounces of gold and 6,000 ounces of silver from around 15,000 tonnes of ore, the filing said.The agreement provides Challenger an annual guaranteed processing capacity of 150,000 tonnes and a total secured capacity of 450,000 tonnes over a three-year term.

ASX:AGDASX:CEL
Asia

Challenger's Argentina Gold Project Prefeasibility Study Confirms Project as Large-Scale Development with Long Mine Life, Euroz Hartleys Says

Key operational outcomes from the prefeasibility study for Challenger Gold's (ASX:CEL) Hualilan gold project in Argentina confirm the project as a large‐scale, technically straightforward development with a long mine life, Euroz Hartleys said in a note on Monday.The planned dual‐path processing strategy provides strong flexibility, with a 1.5 million tonnes-per-annum flotation plant recovering around 1.2 million ounces of gold from higher‐grade ores over 12 years, complemented by an 8 million tonnes-per-annum heap‐leach circuit from the first year, adding around 500,000 ounces of gold.Both plants are expected to produce gold and silver doré, and overall, the project targets recovery of over 1.8 million ounces of gold equivalent over the mine life.The initial heap‐leach production delivers around 105,000 ounces-per-annum of gold equivalent over the first two years, generating cash flow to fund the flotation plant and significantly reducing upfront capex and execution risk, per the note.The investment firm retained its speculative buy rating on Challenger Gold and raised the price target to AU$0.40 per share from AU$0.39 per share.

ASX:CEL
Asia

Challenger Gold Names New Chairman-Elect, COO

Challenger Gold (ASX:CEL) said Peter Marrone, Allied Gold chairman and chief executive, will join Challenger as non-executive chairman-elect, according to a Monday Australian bourse filing.Marrone's election will be subject to the receipt of shareholder approval at the extraordinary general meeting in June. Current non-executive chairman, Eduardo Elsztain, will transition to the role of non-executive director.In addition, Yohann Bouchard, former chief operating officer of Yamana Gold, will join Challenger as COO, the company said.In the same filing, the company said it received binding commitments for around 708 million new fully-paid ordinary shares at an issue price of AU$0.12 apiece to raise AU$85 million. This includes AU$10 million placement to Marrone and other lead investors, as well as AU$5.3 million to affiliates of Elsztain.The company will also issue one free-attaching unlisted option for every two new shares subscribed for and issued pursuant to the placement, exercisable at AU$0.156.Challenger Gold shares jumped nearly 2% in recent trading on Monday.

ASX:CEL

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:CEL in your portfolio
WheelAI
WheelAI
Analyze ASX:CEL options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:CEL