Lion One Records 4741 oz in Quarterly Gold Sales, C$18.0M of Revenue
Lion One Metals reported record quarterly gold sales and production from its Tuvatu Gold Mine in Fiji for Q4 CY2024. The company sold 4,741 oz of gold and 841 oz of silver, generating total revenue of C$17,993,020, a 72% increase from the previous quarter's C$10,470,518.
Gold production reached 4,300 oz, an 18% increase from Q3's 3,638 oz. The average sale price was C$3,787 per ounce. The mine processed 29,525 tonnes with improved gold grades of 5.49 g/t and recovery rates of 82.50%. 2024 marked Tuvatu's first year of production, with consistent quarterly improvements since Q1 plant commissioning.
The company currently operates a 300 tpd pilot plant and plans to expand to 600 tpd in 2026.
Lion One Metals ha riportato vendite e produzione record di oro nel quarto trimestre del 2024 dal suo Tuvatu Gold Mine nelle Fiji. L'azienda ha venduto 4.741 once d'oro e 841 once d'argento, generando un fatturato totale di C$17.993.020, con un aumento del 72% rispetto ai C$10.470.518 del trimestre precedente.
La produzione d'oro ha raggiunto 4.300 once, con un incremento del 18% rispetto alle 3.638 once del terzo trimestre. Il prezzo medio di vendita è stato di C$3.787 per oncia. La miniera ha processato 29.525 tonnellate con gradi d'oro migliorati di 5,49 g/t e tassi di recupero del 82,50%. Il 2024 ha segnato il primo anno di produzione di Tuvatu, con miglioramenti costanti nei trimestri dall'avvio dell'impianto nel primo trimestre.
L'azienda attualmente gestisce un impianto pilota da 300 tpd e prevede di espandere a 600 tpd nel 2026.
Lion One Metals reportó ventas y producción récord de oro en el cuarto trimestre de 2024 desde su Tuvatu Gold Mine en Fiji. La compañía vendió 4,741 onzas de oro y 841 onzas de plata, generando unos ingresos totales de C$17,993,020, un aumento del 72% en comparación con los C$10,470,518 del trimestre anterior.
La producción de oro alcanzó 4,300 onzas, un incremento del 18% respecto a las 3,638 onzas del tercer trimestre. El precio medio de venta fue de C$3,787 por onza. La mina procesó 29,525 toneladas con grados de oro mejorados de 5.49 g/t y tasas de recuperación del 82.50%. 2024 marcó el primer año de producción de Tuvatu, con mejoras constantes en los trimestres desde la puesta en marcha de la planta en el primer trimestre.
La empresa actualmente opera una planta piloto de 300 tpd y planea expandirse a 600 tpd en 2026.
라이온 원 메탈스는 피지의 투바투 금 광산에서 2024년 4분기에 기록적인 금 판매와 생산량을 보고했습니다. 이 회사는 4,741온스의 금과 841온스의 은을 판매하여 총 수익 C$17,993,020을 창출했으며, 이는 이전 분기의 C$10,470,518에 비해 72% 증가한 수치입니다.
금 생산량은 4,300온스에 달해 3분기의 3,638온스에 비해 18% 증가했습니다. 평균 판매 가격은 온스당 C$3,787이었습니다. 이 광산은 29,525톤을 가공했으며, 개선된 금 품질은 5.49 g/t, 회수율은 82.50%입니다. 2024년은 투바투의 첫 생산 연도로, 1분기 공장 가동 이후 분기마다 지속적인 개선이 이루어졌습니다.
회사는 현재 300 tpd의 시범 공장을 운영하고 있으며 2026년에는 600 tpd로 확장할 계획입니다.
Lion One Metals a annoncé des ventes et une production d'or record pour le quatrième trimestre 2024 de sa mine d'or de Tuvatu aux Fidji. L'entreprise a vendu 4,741 onces d'or et 841 onces d'argent, générant un chiffre d'affaires total de C$17,993,020, soit une augmentation de 72% par rapport aux C$10,470,518 du trimestre précédent.
La production d'or a atteint 4,300 onces, soit une hausse de 18% par rapport aux 3,638 onces du troisième trimestre. Le prix de vente moyen était de C$3,787 par once. La mine a traité 29,525 tonnes avec des teneurs en or améliorées de 5,49 g/t et des taux de récupération de 82,50%. L'année 2024 a marqué la première année de production de Tuvatu, avec des améliorations trimestrielles constantes depuis la mise en service de l'usine au premier trimestre.
L'entreprise exploite actuellement une usine pilote de 300 tpd et prévoit de passer à 600 tpd en 2026.
Lion One Metals berichtete über rekordverdächtige Goldverkäufe und -produktion aus seiner Tuvatu Goldmine in Fidschi für das 4. Quartal 2024. Das Unternehmen verkaufte 4.741 Unzen Gold und 841 Unzen Silber, was einen Gesamtumsatz von C$17.993.020 erzeugte, was einem Anstieg von 72% gegenüber den C$10.470.518 des vorherigen Quartals entspricht.
Die Goldproduktion erreichte 4.300 Unzen, ein Anstieg um 18% im Vergleich zu den 3.638 Unzen im 3. Quartal. Der durchschnittliche Verkaufspreis betrug C$3.787 pro Unze. Die Mine verarbeitete 29.525 Tonnen mit verbesserten Goldgehalten von 5,49 g/t und Wiederherstellungsraten von 82,50%. 2024 war das erste Produktionsjahr von Tuvatu, mit konstanten vierteljährlichen Verbesserungen seit der Inbetriebnahme der Anlage im 1. Quartal.
Das Unternehmen betreibt derzeit eine Pilotanlage mit 300 tpd und plant eine Erweiterung auf 600 tpd im Jahr 2026.
- Record quarterly revenue of C$18.0M, up 72% from previous quarter
- Gold production increased 18% to 4,300 oz quarter-over-quarter
- Improved gold grades (5.49 g/t) and recovery rates (82.50%)
- Planned production capacity expansion from 300 tpd to 600 tpd in 2026
- Plant throughput decreased from 341 tpd to 321 tpd quarter-over-quarter
North Vancouver, British Columbia--(Newsfile Corp. - January 15, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to report record quarterly gold sales and gold production from the Tuvatu Gold Mine in Fiji for Q4 CY2024.
Summary of Quarterly Results:
- 4,741 oz of gold sold
- 4,300 oz of gold recovered
- 29,525 tonnes milled
- Total revenue of C
$17,993,020 72% increase in revenue compared to previous quarter
Quarterly Production Results
Lion One Metals sold approximately 4,741 oz of gold and 841 oz of silver during the three-month period ending December 31st, 2024. The average sale price for the quarter was C
Table 1. Quarterly Production and Operations Summary
| Q4 CY2024 | Q3 CY2024 | ||
| Gold sold | oz | 4,741 | 3,129 |
| Silver sold | oz | 841 | 1,093 |
| Total Revenue | C$ | 17,993,020 | 10,470,518 |
| Plant throughput | tpd | 321 | 341 |
| Gold grade | g/t | 5.49 | 4.59 |
| Gold recovery | % | 82.50 | 78.20 |
| Gold produced | oz | 4,300 | 3,638 |
2024 was the first calendar year of production at Tuvatu. The company has achieved consistent quarter-over-quarter increases in gold production, gold recoveries, and gold grades since plant commissioning was complete in Q1 CY2024 (Figure 1). The company is currently in the 300 tpd pilot plant phase of operations, with expansion to the 600 tpd phase of operations anticipated in 2026.
Lion One Chairman and CEO Walter Berukoff stated: "2024 was a pivotal year for Lion One Metals as we brought the Tuvatu mine in Fiji into production at the pilot plant level. We are delighted to have achieved consecutive increases in production every quarter throughout 2024, culminating in a record C
Figure 1. Tuvatu Average Quarterly Gold Grade and Recovery, 2024. Gold grades and recovery have consistently increased quarter-over-quarter at Tuvatu since pilot plant commissioning was complete in Q1 CY2024.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/237264_1bcd9069a4be0830_001full.jpg
Qualified Persons Statement
In accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), William J. Witte, P.Eng., Principal Advisor to the Company, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.
About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its
On behalf of the Board of Directors,
Walter Berukoff, Chairman & CEO
Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com
Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release
This press release may contain statements that may be deemed to be "forward-looking statements" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited's current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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