Rekor Command™ Platform Enables State, Regional, and Rural Transportation Agencies to step into the Future of Traffic Management with AI-Driven Event Detection, Response and Analytics
Read MoreCommon shares to resume trading at the opening on August 8th, 2024
MDN operations are performing well with Q2/24 production of 16,255 Gold Equivalent Ounces ("GEO")
Full-Year production guidance of 50,000 - 60,000 GEO at AISC of US$1,200-1,400/oz
Recent PEA results for MDN show an NPV (5%) of $111MM at $2100/oz gold over a 5-year mine plan producing an average of approximately 56,000 GEO per annum
Life of Mine Average annual EBITDA of US$49 Million and FCF of US$25 Million
LOM average EBITDA of US$64 Million and FCF of US$29 Million at Spot prices1
Additional US$45 million cash expected between March 2025-2027 from the sale of the Monte do Carmo project in Brazil
Second crusher on site is being commissioned to support further expansion of heap leach operations
Operating cashflow continues to support the strengthening of the balance sheet
Strategy includes multiple paths for long-term growth in the economically resilient pet health and wellness marketplace
Company to leverage Enterprise-wide systems and tools which were enhanced over the last six quarters
New phases of growth will be aimed at existing and new verticals in the pet health sector
Highlights:
Well, License and Drilling Permit Received: Trans Canada Gold Corp. has received the necessary well license to drill its second multilateral well targeting the General Petroleum (GP) Zone near Lloydminster, Alberta. This new well is based on successful similar wells in the GP oil formation.
Partnership and Well Details: The well, located on lands controlled by a strategic partnership led by Croverro Energy, with Trans Canada holding an 18.75% interest, is expected to access over 8000 meters of the GP oil reservoir. Surface preparations are underway, with lease construction scheduled for completion by August 10th, 2024, and drilling set to begin mid-August.
Expansion and Future Potential: Trans Canada Gold has acquired an additional 320-acre parcel from Canpar (CN Pension Fund), Freehold Royalties and Rife Resource
