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PRELIMINARY Q4 2020 SALES Osisko received approximately 18,800 attributable gold equivalent ounces1 (?GEOs?) in the fourth quarter of 2020, for a total of approximately 66,100 GEOs in 2020, exceeding the revised guidance of 63,500 ? 65,500 GEOs. These figures exclude 1,750 GEOs earned from the Renard diamond stream in the fourth quarter of 2020 from diamonds sold from inventories by the operator. The net proceeds from the Renard diamond stream were reinvested through the bridge loan with the operator of the mine. Osisko recorded preliminary revenues2 of C$64.5 million during the fourth quarter. Preliminary cost of sales2, excluding depletion2, was C$18.2 million resulting in a cash operating margin3 of approximately C$46.3 million. These figures include preliminary revenues2 from the Renard diamond stream of C$4.3?million, costs of sales, excluding depletion2, of C$1.9 million resulting in an operating cash margin of C$2.4 million. ....
The content below was translated by Tencent automatically for reference. , ALX Resources (TSXV:AL) recently announced that it has signed a final agreement to choose to purchase a 100% interest in the Electra nickel project at the Thunder Bay South mine in Ontario. The deal involves 148 units with a total area of more than 3000 hectares, ALX said in a press release. The total payments were $135000 in cash, 1.1 million shares of ALX common stock and $500000 in exploration expenses. According to the Vancouver-based miner, Electra (Electra) (, formerly known as the Bateman Lake (Bateman Lake)), is expected to mine nickel, copper, cobalt, platinum group elements and gold mineralization. The media bulletin said: in the surface sampling, the presence of spinel-textured nickel-iron ultramafic rocks with a nickel content of up to about 1.0% is reminiscent of the mineralization types found in the Kambalda area of Australia and the Raglan area of Quebec. ....
ALX Resources Corp. Signs Definitive Agreement for Electra Nickel Project in Ontario ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ( ALX or the Company ) is pleased to announce that it has executed a definitive agreement for an option to purchase a 100% interest in the Electra Nickel Project ( Electra , or the Project ) located in Shebandowan Greenstone Belt within the Thunder Bay South Mining District of Ontario, Canada. Electra, formerly known as the Bateman Lake property, is prospective for nickel, copper and cobalt ( Ni-Cu-Co ), platinum group elements ( PGEs ) and gold mineralization. In November 2020, during its period of due diligence on Electra, ALX staked additional claims and expanded the size of the Project by approximately 42% to 148 cell units totaling 3,168 hectares (7,828 acres). ....