Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Trigon Metals Inc (TM)

TSXV
Currency in CAD
Disclaimer
0.1800
0.0000(0.00%)
Closed

TM Comments

Trigon Metals conducted a virtual live roadshow updating exploration activities at the Kombat Mine. Starting with impressive results from its drilling at the East 400 area, confirming trend mineralization. Notably, the holes were from drilling testing gaps in known mineralization previously thought to be barren. The company is working towards a first blast in the open pit in April 2023, as planned, and is currently developing a detailed mine plan.
Trigon Metals has announced impressive drilling results from the East 400 areas of its Kombat mine in Namibia. The drilling targeted new mineralization in the area and confirmed the Kombat trend's mineralization. The holes reported are from testing gaps in the known mineralization previously thought to be barren, and they are some of the longest intercepts drilled from the surface. Trigon Metals is now working towards a first blast in the open pit in April as planned and is developing a detailed mine plan.
Amidst the looming copper bull, Trigon Metals needs a double take especially with their recently announced, positive and high-grade results from their growing new zone at Kombat Mine. Now that the zone is larger, costs can further be brought down, the value of the Namibian dollar has also given a boost. IMO lots to look forward to as they continue work on their projects that also include their Silver Hill project in Morocco.
Trigon announces extension of its 4.9M share purchase warrants exercise issued in a private placement back in January 8, 2020. The proposal extends the expiry dates of these warrants by an extra 12 months with a new expiry date of January 8, 2024.
Trigon, to me, is a rare junior miner that ticks off all the boxes, with advanced copper projects in Namibia - second most favorable mining jurisdiction in Africa - they are demonstrating strong progress and high potential. They recently announced impressive results from their drilling at the expanding new zone at Kombat mine with positive intercepts that are wider, longer and consistently reporting excess 1.2% copper across all holes.
Trigon Metals reports impressive results in the newest release with continued intercepts of massive sulfide copper mineralizations from the new targets at their Kombat Mine. This work is done with the purpose of defining a resource that’s higher grade in sulfide in larger widths and the latest results are some of the longer and wider holes intercepted on the property - all with total average grades in excess of their goal of 1.2% copper.
Learn more about Trigon Metals’ lesser known project, Silver Hill.Silver Hill is adjacent to Aya’s project and ~100km away from Imiter - one of the largest Silver Mines in the world - state owned by Morocco. Early sampling has immediately made discoveries with good results that have developed the narrative turning it into a copper project with 65% copper and 35% silver. Video on YouTube titled: Trigon Metals (TSX.V: TM) | Advancing the Silver Hill Project in Morocco (September 1st, 2022)
Trigon Metals' recently completed US$2.5M loan from Sprott funds is paving the way to their accelerated production expansions at Kombat Mine which will enable production to reach 2,000 tonnes/day. In the next 12 months they expect to reach production goals of 8M lbs copper.
Current production at $TM Kombat Mine is operating at a 1,100 tonnes/day capacity and expanding to 2,000 tonnes/day with the contribution of 2.6% copper ore produced. This will take their production goal of 8M lbs over the next 12 months to 30M+ lb once they get into full underground production in 2024. Find the interview on YouTube titled: Trigon Metals: A copper producer in Africa with major catalysts ahead
The recent drilling results were solid, and they also were able to add a new zone beside the Central Pit. As copper demand continues to grow, companies like Trigon are going to be the ones who benefit the most. I'm excited to see what they bring us next in the ongoing drill program.
This article really contextualizes why the recent $5.5M funding for $TM is a big deal. They’ve been hard at work breathing new life into Namibia’s mining industry with the revitalization efforts done at their Kombat Mine with current resources now at 12.2M tonnes (1.94% Copper, 13.6 g/t Silver & 0.7% lead). These funds will be used to accelerate production to max capacity. From Financial Post, Google: Trigon Metals is breathing new life into Namibia’s mining industry
Trigon Metals announced they’ve closed $5.5M funding from the Lind Partners Group. The proceeds from this financing will be used to relieve outstanding debt commitments at the Kombat Mine and thus enabling the highly prospective project to produce at max capacity. Trigon Metals has done massive work with their Kombat Mine, with current resource estimates now at 12.2M tonnes at 1.94% copper, 13.6 g/t Silver and 0.7% lead.
Trigon has been doing impressive work reviving the 14-year shuttered Kombat Mine to current expectations producing up to 3,500 tonnes of copper concentrate in F’2022. Not only have they ramped up production, their efforts have increased the mine’s indicated resources by 66% to current estimates including 12.2M tonnes at 1.94% copper, 13.6 g/t Silver and 0.7% lead. Kombat Mine will absolutely be playing a critical role as a mid-tier copper producer, and they are offering a compelling value proposition. Search up the article on the financial post titled: Trigon Metals is breathing new life into namibias mining industry
Trigon just announced entry into a convertible security funding agreement with Lind (C$5.5M) and Sprott (US$2.5M) to resolve constraints preventing Kombat Mine from operating at full potential. These funds will accelerate commercial production at Kombat Mine to its full capacity - last update showed the mine already stockpiled 400 t of concentrate.
Trigon Metals is reporting encouraging results from its Silver Hill project in Morroco. Based on completed IP survey, the program is successfully identifying copper/silver and notable cobalt values. Compared with data from their previous 2020 drill program, these results confirm the expected high potential of the project.
Trigon Metals closed last week on a serious breakout, up 58% and breaking the $0.50 mark following its announcement completing its first shipments of copper concentrates - the first 31 tonnes of 400 tonnes. That news marked a significant step toward commercial production, and the news caused many heads to turn as indicated by the jump in values. Today they have also just announced the closing books on a private placement valued at $1.9M - expected to close on March 11.
Trigon Metals announced today its first shipments of copper concentrate containing the first 31 tonnes of 400 tonnes to the IXM warehouse. Kombat’s mill continues strong performance and is now hitting its stride operating at a steady state 70% capacity and producing over 35 tonnes of concentrate per day, well on their way to declaring commercial production.
Two solid nuggets of good news from Trigon Metals - first they’ve announced private placement financing to the tune of $2M expected to close on January 20, 2022 - and they have also provided an update with a significant milestone at their Kombat Mine announcing first copper concentrate production. This milestone represents the overcoming of a significant technical hurdle in de-risking the mine with a fully functioning mill.
Paul Bozoki is recently announced as the new CFO of Trigon Metals, he was previously the CEO/CFO of Kombat Copper which was previously the name for Trigon Metals. This bodes extremely well for full production at Kombat Mine ramping up next year.
Trigon Metals announces the appointment of Paul Bozoki as CFO. This is extremely positive news with his 25+ years experience and previously held role as CFO/CEO of Kombat Copper. This will translate perfectly into supportive leadership especially with their Kombat Mine as it moves into full production next year.
Significant news from a new Copper producer Trigon Metals, signing a US$5M project finance facility with IXM and agrees offtake terms. This is great news progressing ambitions to restart the lucrative Kombat mine.
Trigon Metals provides a progress update at the Silver Hill project, Morocco. This follows drilling concluded in early '21 - advancing preparations for drilling resumption this December. Geochemical sampling continues but to date 240 samples have been collected around the targeted area returning 13m of 2.7% copper, 34.5g/t silver and 82 ppm cobalt. Currently TM has over 14km potential strike length with similar mineralization under application. Solid sampling results for a promising project, and can't wait for the next bit of news especially if it's about Kombat Mine as well!
Sprott's 20% ownership, production at Kombat ramping up, and cash from the recent financings, things are looking good moving into 2022. Once some revenue numbers come out of the mine this'll move to 52wk highs easily.
Canadian billionaire businessman behind the global investment management company specializing in previous metals and real estate announces his holdings account for 19.99% of outstanding shares in Trigon Metals $TM.v. Follow the money!
Trigon Metals announces commencement of open pit mining contracting for its Kombat Mine, Nambia, $TM's flagship project. Kombat Mine covers 7500ha+ comprising 3 mining licenses that produced ~12.46M tons of copper (2.62%grade) between 1962-2008. Great time to get in before results!
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.