Welcome to our dedicated page for Compass Gold news (Ticker: COGDF), a resource for investors and traders seeking the latest updates and insights on Compass Gold stock.
Compass Gold Corp. (OTC: COGDF) delivers focused gold exploration and development updates from Mali's Sikasso Property. This dedicated news hub provides investors with essential updates on resource estimates, operational milestones, and strategic partnerships critical to the company's transition to gold production.
Access comprehensive coverage of COGDF's progress including permit applications, drilling results, and community engagement initiatives. The page consolidates official announcements regarding the Tarabala Trend exploration, SMAT partnership developments, and compliance with Mali's updated Mining Code regulations.
Key updates feature technical reports from the Massala prospect, environmental impact assessments, and financial disclosures. Investors gain strategic insights through verified information on exploration methodologies, small-scale mining preparations, and gold market positioning.
Bookmark this page for direct access to Compass Gold's latest corporate communications. Monitor critical developments as the company advances its near-surface gold projects while maintaining sustainable mining practices in West Africa's premier gold jurisdiction.
Compass Gold (TSXV: CVB) is on track to commence gold production at the Massala prospect in Mali within the next 60 days. The company is finalizing its Small Mining Permit application, with environmental and social impact studies expected to be completed within 30 days.
Compass has established a co-production agreement with the nearby SMAT processing facility, allowing for immediate production once the permit is granted. The facility, located 2 km from the mine site, is being optimized to process up to 100 tonnes per hour.
Under Mali's Mining Code for Small Mines, the permit will allow for mining up to 200,000 tonnes annually and producing up to 160,000 ounces of gold over an initial four-year term. CEO Larry Phillips highlighted the opportunity to capitalize on record gold prices approaching US$3,000 per ounce while bringing economic benefits to Mali, the local community, and shareholders.
Compass Gold Corp (TSXV: CVB) has provided an update on its Massala gold production project in Mali. The company has completed a project viability study and is preparing for bulk sampling at the SMAT Mining Facility, which will be modified to process up to 30 tonnes per hour initially. The bulk sampling is planned for February 2025 to provide recovery data and optimize plant design.
The company is finalizing documentation for a Small Mine Permit Application, which includes a completed project viability study and mine closure plan. The Community Development Plan and Environmental Impact Study are expected to be completed in February. Subject to permit approval, commercial production is targeted for early Q2.
Compass has a toll-treating agreement with SMAT, with the facility located 2 km from the Massala mine site. The ultimate objective is to achieve a production capacity of 100 tonnes per hour. Under the Malian Mining Code for Small Mines, operations are to mining 200,000 tonnes per year and producing 160,000 ounces of gold over four years.
Compass Gold has completed its private placement offering, raising $610,500 through the issuance of 610.5 convertible debenture units at $1,000 per unit. Each unit includes a convertible debenture and 5,000 warrants exercisable at $0.18. The debentures mature on June 30, 2025, bearing 10% annual interest. The proceeds will fund the Tarabala Project in Mali, focusing on delineating mineralized zones and developing a small gold mining operation. The company has also secured a toll-treating agreement with SMAT for gold production at the Massala prospect, with facility updates expected in Q1 2025.
Compass Gold Corp (TSXV: CVB) announces a fully subscribed non-brokered private placement of 600 convertible debenture units at $1,000 per unit, totaling $600,000. Each unit includes a $1,000 convertible debenture and 5,000 warrants exercisable at $0.18. The debentures mature on June 30, 2025, with 10% annual interest and are convertible at $0.18 per share.
Proceeds will fund the Tarabala Project in Southern Mali, focusing on delineating mineralized zones and developing a small gold mining operation. The company has secured a toll-treating agreement with SMAT for processing ore at their Small Mining Facility, with installation of updated processing components expected in Q1 2025.
Compass Gold has announced a joint-production agreement with SMAT, a Malian business group, to commence gold production at the Massala prospect along the 15 km Tarabala Trend in Mali. The agreement involves toll-treating Compass ore at SMAT's adjacent Small Mining Facility, with operations planned to begin in Q1 2025. The facility will process up to 50 tonnes/hour, within Mali's Small Mines code limit of 200,000 tonnes/year and 160,000 ounces over four years. The mineralization exceeds the profitable threshold of 1-gram-per-tonne. Free cash flow will fund operations, convertible debenture repayments, and expansion of exploration activities.
Compass Gold Corp. (TSXV: COGDF) has reported promising results from its trench sampling program at the Massala prospect in Mali. Key highlights include:
- Best intercept: 21 m @ 3.51 g/t Au (2 m depth; MATR004)
- Highest-grade interval: 1 m @ 40.29 g/t Au (2 m depth; MATR004)
- Near-surface strike length of 150 metres identified
The company is proceeding with a Small Mine Permit application under Mali's new Mining Code, which allows for production of up to 160,000 ounces of gold over four years. Compass believes the grades and tonnage at Massala, combined with the new mining code terms, could enable near-term production amid high gold prices.
Compass Gold Corp. (TSXV: CVB) has completed the second tranche of its non-brokered private placement offering of convertible debenture units. The company raised $175,000 by issuing 175 units at $1,000 each. The offering is subject to TSX Venture Exchange approval, and securities issued have a four-month hold period.
Insiders participated in the offering, purchasing 30 units for $30,000. This related party transaction is exempt from certain regulatory requirements. The offering was not registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or exemption.
Compass Gold Corp. announced a non-brokered private placement, offering 175 convertible debenture units at $1,000 each, totaling $175,000. This follows a previous issuance on June 30, 2023, which raised $650,000. The proceeds will fund basic operations and preparations for a Small Mining application for the Tarabala Small Gold Mine Project in Mali.
Each unit consists of a $1,000 unsecured convertible debenture and 5,000 warrants, convertible to shares at $0.10 each, with a 10% annual interest rate, maturing on June 30, 2025. Approval from the TSX Venture Exchange is required for interest payments in shares. Insiders will purchase 30 units for $30,000. The offering requires regulatory approval and customary conditions.
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