Latest news with #Aurum
The Market Online
5 days ago
- Business
- The Market Online
Montage Gold grows its resource in West Africa's gold sector
Montage Gold (TSXV:MAU) has closed its latest investment in Aurum Resources Ltd. (ASX:AUE), marking a significant step in its broader strategy to expand its footprint in West Africa's gold sector Montage now holds a 9.9 per cent equity interest in Aurum Aurum plans to deploy the proceeds from the investment to accelerate exploration and development activities in Côte d'Ivoire Montage Gold stock (TSXV:MAU) last traded at C$4.71 Montage Gold (TSXV:MAU) has closed its latest investment in Aurum Resources Ltd. (ASX:AUE), marking a significant step in its broader strategy to expand its footprint in West Africa's gold sector. This content has been prepared as part of a partnership with Montage Gold Corp. and is intended for informational purposes only. The investment was executed through a share exchange transaction, with Montage receiving 32,887,521 fully paid ordinary shares of Aurum at a deemed issue price of A$0.356 per share. In return, Aurum was issued 2,887,496 Montage common shares at a deemed price of C$3.61 per share. The Montage shares issued to Aurum are subject to a four-month hold period, expiring on November 15, 2025. Following the transaction, Montage now holds a 9.9 per cent equity interest in Aurum. The company joins a group of strategic investors that includes the Lundin Family and their associates, as well as Zhaojin Mining Industry Company Ltd., which participated through its wholly owned subsidiary, Zhaojin Capital Limited. Aurum plans to deploy the proceeds from the investment to accelerate exploration and development activities in Côte d'Ivoire. Key initiatives include resource definition drilling at the Boundiali gold project and exploration drilling at the Napié gold project. The funds will also support technical studies and permit applications as Aurum advances its project pipeline. Montage, which is advancing its flagship Koné Gold Project in Côte d'Ivoire (pictured above), views this investment as a strategic alignment with its long-term vision of becoming a leading multi-asset African gold producer. Montage Gold stock (TSXV:MAU) last traded at C$4.71 and has risen 166 per cent in the past year. Join the discussion: Find out what the Bullboards are saying about Montage Gold Corp. and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .
Yahoo
6 days ago
- Business
- Yahoo
Montage Gold Closes Strategic Investment in Aurum Resources
VANCOUVER, British Columbia, July 14, 2025 (GLOBE NEWSWIRE) -- Montage Gold Corp. ('Montage' or the 'Company') (TSX: MAU, OTCQX: MAUTF) is pleased to announce the closing of its strategic investment in Aurum Resources Limited ('Aurum')(ASX:AUE). The strategic investment consists of a share exchange transaction between Montage and Aurum (the 'Share Exchange Transaction') including the issuance to Montage of 32,887,521 fully paid ordinary shares of Aurum ('Aurum Ordinary Shares') at deemed issue price of A$0.356 per Aurum Ordinary Share, and the issuance to Aurum of 2,887,496 common shares of Montage ('Montage Common Shares') at a deemed issue price of C$3.61 per Montage Common Share. Montage and Aurum have now closed the Share Exchange Transaction. The Montage Common Shares issued to Aurum are subject to a 4-month hold period that expires on November 15, 2025. Montage now holds a 9.9% interest in Aurum and has coinvested alongside other strategic investors including the Lundin Family and their associates ('Lundin Family') as well as Zhaojin Mining Industry Company Limited (through its wholly-owned subsidiary, Zhaojin Capital Limited, 'Zhaojin'). Aurum intends to use the proceeds to accelerate resource definition drilling at the Boundiali gold project and exploration drilling at its Napié gold project, in Côte d'Ivoire, as well as to progress technical studies and permit applications. ABOUT MONTAGE GOLD Montage Gold Corp. (TSX: MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project, located in Côte d'Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the 'UFS'), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in Q2-2027. QUALIFIED PERSONS STATEMENTThe scientific and technical contents of this press release have been verified and approved by Mr. Peder Olsen, a Qualified Person pursuant to NI 43-101. Mr. Olsen, President and Chief Development Officer of Montage, is a registered Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM). CONTACT INFORMATION For Investor Relations Inquiries:Jake CainStrategy & Investor Relations Managerjcain@ For Media Inquiries:John VincicOakstrom Advisorsjohn@ +1-647-402-6375 For Regulatory Inquiries:Kathy LoveCorporate Secretary klove@ FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, 'Forward-looking Statements'). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as 'will', 'intends', 'proposed' and 'expects' or similar expressions are intended to identify Forward-looking Statements. Forward-looking Statements in this press release include statements related to the issue of the Montage common shares and the Aurum ordinary shares, closing of the Share Exchange Transaction, the programme and results of the Aurum drill program, future growth of Montage; the use of proceeds; the timing of the completion of the subject matter; statements related to the Company's objectives of becoming a premier multi-asset producer; the timing and amount of future production from the Koné Gold Project; anticipated mine life of the Koné Gold Project. Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that any Forward-looking Statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties inherent in the preparation of mineral reserve and resource estimates and definitive feasibility studies such as the UFS, including but not limited to, assumptions underlying the production estimates not being realized, incorrect cost assumptions, unexpected variations in quantity of mineralized material, grade or recovery rates being lower than expected, unexpected adverse changes to geotechnical or hydrogeological considerations, or expectations in that regard not being met, unexpected failures of plant, equipment or processes (including construction equipment), delays in or increased costs for the delivery of construction equipment and services, unexpected changes to availability of power or the power rates, failure to maintain permits and licenses, higher than expected interest or tax rates, adverse changes in project parameters, unanticipated delays and costs of consulting and accommodating rights of local communities, environmental risks inherent in the Côte d'Ivoire, title risks, including failure to renew concessions, unanticipated commodity price and exchange rate fluctuations, delays in or failure to receive access agreements or amended permits, and other risk factors set forth in the Company's 2024 Annual Information form available at under the heading 'Risk Factors'. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
08-07-2025
- Business
- Business Standard
Sobha records sales value over Rs 2,000 crore in Q1 FY26; price realization drops by 10% YoY
Sobha said that it has achieved quarterly real estate sales value of Rs 2,078.8 crore in Q1 FY26, which is higher by 11% as compared with the same period last year. The company had recorded quarterly sales value of Rs 1,873.7 crore in Q1 FY25. Sobha share of the sales value for Q1 FY26 was at Rs 1,717.2 crore, up 26% YoY. Average price realization for the period under review, however, fell by 10% YoY to Rs 14,395 per square feet. The real estate developer stated that the sales value performance for the quarter was led by the launch of SOBHA Aurum in Greater Noida, which witnessed strong demand in the launch week underscoring the markets response to high-quality positioning in strategic location. "The success marks a pivotal step in SOBHAs expansion strategy and reflects the growing appetite for premium housing beyond traditional Tier 1 cities, the company said. Bangalore maintained a stable contribution of Rs 602.4 crore, Gurgaons contribution improved further to Rs 352.4 crore, Kerala contributed Rs 209.7 crore, and Tamil Nadus share was Rs 58.7 crore. Hyderabad and Pune remained muted during the period due to limited inventory. During the quarter, SOBHA completed 1.07 million square feet of saleable area, delivering 594 homes across various projects. The combined saleable area of new launches in Q1 FY26 was 1.62 million square feet. Sobha is the leading national real estate brand in the country that offers international quality homes, and commercial and contractual projects delivered on time, through its backward integration model. The companys consolidated net profit surged 481.2% to Rs 40.86 crore on 62.6% increase in revenue from operations to Rs 1,240.62 crore in Q4 FY25 over Q4 FY24. The scrip shed 0.51% to currently trade at Rs 1507.95 on the BSE.
Time of India
04-07-2025
- Business
- Time of India
Kerovit launches its new experience centre in Kolkata
Kerovit, the contemporary bathware brand from the House of Kajaria, India's largest manufacturer of ceramic and vitrified tiles, today inaugurated its new Experience Centre in Kolkata. Strategically located at 301, South City Business Park, Anandapur, the 4,000 sq. ft. facility is designed to offer consumers, architects, and designers an immersive environment to explore the brand's premium bathware range. The Experience Centre was inaugurated by Rishi Kajaria, managing director of Kajaria Bathware Pvt. Ltd., marking another significant milestone in the brand's pan-India expansion. 'Our vision is to make world-class bathware solutions accessible to Indian homes. This Experience Centre in Kolkata reinforces our commitment to delivering design excellence and product innovation in a format that allows customers to interact with the brand in a meaningful way,' said Rishi Kajaria. Elevating the customer experience The Kolkata centre features a curated display of Kerovit's high-quality faucets, sanitaryware, and bathroom furniture, etc., including the premium Aurum collection, renowned for its contemporary designs and elegant colour finishes. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo by Taboola by Taboola Each product is showcased in stylised mock-ups, allowing visitors to visualise real-world applications in residential and commercial settings. More than a showroom Positioned as a design resource hub, the centre is tailored to serve not just end-consumers but also professionals in the architecture and interior design community. The layout enables hands-on interaction, live working bathrooms and guided walk-throughs, simplifying the selection process while highlighting key innovations such as eco-friendly technologies that reduce water consumption by up to 60%. About Kerovit Established in 2014, Kerovit is Kajaria's dedicated bathware brand offering a full suite of sanitaryware and faucet solutions. Its manufacturing facilities in Gailpur, Rajasthan, and Morbi, Gujarat, including a newly commissioned 1.25 lakh sq. mtr. plant, are among the most advanced in the country. With a strong focus on design, durability, and sustainability, Kerovit continues to shape the future of Indian bathrooms through world-class engineering and responsible innovation.
Sydney Morning Herald
27-06-2025
- Business
- Sydney Morning Herald
Big Aurum drilling program aims to extend West African gold
Aurum Resources has launched a 30,000-metre diamond drilling campaign at its 0.87-million-ounce Napié project, centred about 110 kilometres southeast of the company's flagship Boundiali project in Côte d'Ivoire. The two-rig program aims to expand the current Napié resource, drill other thinly tested targets and deliver an updated mineral resource estimate for the project by the end of the year. Management says it plans to add two more rigs to the program, which it hopes to complete by the end of the year. Previous drilling intercepts at Napié offer plenty of encouragement for success, delivering long runs and high grades at shallow depths. These include 13 metres at 20.82 grams per tonne (g/t) gold from 32m, 32m assaying 7.10g/t gold from 13m, and 9m going 22.73g/t gold from 36m. Two other intercepts gave up 10m running 18.98g/t gold from 7m and 41m assaying 4.51g/t gold from 17m. 'We are working on a multi-pronged approach, drilling to grow the 0.87-million-ounce Napié MRE and drilling to define new gold resources from the portfolio of encouraging prospects that have never been followed up.' Aurum Resources managing director Dr Caigen Wang Company research reveals that only 4.4km or 13 per cent of the 30km-long Napié shear has been systematically drilled to define gold resources. Remarkably, 93 per cent of the current 0.87-million-ounce Napié gold resource lurks within 150m from surface. This leaves Aurum with vast potential to explore along the more than 25km of largely untested remaining strike, coupled with further possible treasures at depths below the limits of previous drilling. The existing mineral resource consists of the combined 545,000-ounce Tchaga resource in the central area of the prospective ground within the company's 30km-long tenement and the 323,000-ounce Gogbala resource, about 6.5km south of Tchaga.
