TRIGON METALS INC - PNTZF STOCK NEWS

Trigon Metals reports Q2 2024 operational results with copper production of 2,137,159 pounds at C1 cash costs of $3.46/lb and silver production of 33,852 ounces. The company achieved a milestone by mining 980 tonnes of ore per day from underground operations, exceeding the required 900 tonnes target 13 months ahead of schedule. However, financial performance was impacted by operational challenges, resulting in negative Adjusted EBITDA of $1.4 million. The company has revised down its 2025 copper production guidance to 8,315,000-9,250,000 pounds from the previous 12,125,000-13,448,000 pounds.

Trigon Metals (TSXV: TM) (OTCQB: PNTZF) has announced its participation in the upcoming 121 Mining Investment Conference in Dubai, scheduled for November 19-20, 2024. CEO and Executive Chairman Jed Richardson will present the company's recent activities and future plans. The conference will feature over 40 mining companies and more than 150 sophisticated investors engaging in pre-arranged one-on-one meetings. The event will include expert commentary and market intelligence on industry developments. Investors interested in attending can register for a free pass through the provided link.

Trigon Metals announces the resignation of Dr. David Shaw from its Board of Directors, effective immediately. Shaw served on the board since 2019. The company has granted 125,000 stock options to an officer at an exercise price of $0.82 per option, valid for five years, subject to TSX Venture Exchange approval. Additionally, Trigon has amended its share exchange agreement with PNT Financeco Corp. and CMI, allowing unissued common shares to be issued immediately prior to any Change in Control transaction.

Trigon Metals Inc. (TSX-V: TM, OTCQB: PNTZF) has announced significant results from recent underground drilling at Shaft 1, levels 3 and 5, of the Kombat mine in Namibia. The drilling has expanded known mineralization zones and increased grades near existing development, allowing for potential near-term mining as the company focuses on underground operations.

Key highlights include:

• Level 3 (105m depth): 5m at 11.21% Cu and 117.89 g/t Ag
• Level 5 (120m depth): 4m at 2.83% Cu and 49.75 g/t Ag

The results have extended mineralization by 8-16m on Level 3 and 80-84m on Level 5 from previous historical intercepts. CEO Jed Richardson noted that these findings demonstrate significant unrealized value in the mine, while VP Exploration Dr. Andreas Rompel expressed confidence in increasing grades with depth.

Trigon Metals (TSX-V: TM; OTCQB: PNTZF) has achieved a key milestone at its Kombat mine in Namibia, mining an average of 980 tonnes of ore per day from underground operations over a 30-day period. This surpasses the 900 tonnes per day requirement set by Sprott Private Resource Streaming and Royalty, 13 months ahead of schedule.

The company will pause open pit operations at the end of September 2024, focusing on higher-grade underground ore. This decision is based on the successful recommissioning of the underground mine, the significant grade differential, and the current milling capacity constraint of 1,000 tonnes per day.

Trigon's CEO, Jed Richardson, stated that this achievement de-risks the Sprott streaming agreement and demonstrates the company's ability to meet and exceed feasibility study targets.

Trigon Metals Inc. (TSX-V: TM, OTCQB: PNTZF) has announced positive drilling results from a new zone near Shaft #3 of the Kombat mine in Namibia. The drilling program, which includes approximately 3,500 meters planned by year-end, has yielded several high-grade copper intersections outside the current proven and probable reserves. Notable results include 3.32% Cu over 7 meters and 2.65% Cu over 3 meters.

CEO Jed Richardson emphasized the importance of expanding reserves at Shaft #3 to increase extraction capacity beyond the current 1,000 tpd limit. The company plans to increase plant throughput to 2,000 tpd next year. Trigon will calculate volumes and tonnes based on drilling intersections and continue drilling to upgrade the mineral resource estimate category. The variability in grades suggests heterogeneous mineralization, which requires further understanding for accurate resource estimation and extraction planning.

Trigon Metals (OTCQB: PNTZF) reported its Q1 2024 financial results, highlighting significant milestones. Kombat mine achieved first full-quarter production, generating 2.3 million pounds of copper at $3.23/lb C1 cash costs. The mine also produced 33,399 ounces of silver. The company reported a positive adjusted EBITDA of $1.8 million and a net loss of $2.1 million ($0.05/share), down from a $2.95 million loss in the same period last year. Additionally, Trigon reaffirmed its 2025 fiscal guidance for production and costs. The exploration budget is set at $2.5 million to $3.5 million. The company secured a $2.5 million advance from IXM for Kombat mine's working capital needs, repayable from October 2024 through September 2025.

Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) has reported its financial results for Q4 2024 and the fiscal year ended March 31, 2024. Key highlights include:

- Profit from continuing operations of USD $13,439,695 for Q4 2024

- Net loss of $1,474,523 for the full fiscal year

- C1 cash costs reduced to $3.35/lb on 1,255,652 lbs of copper production in Q4

- Total ore mined: 97,525 tonnes grading 1.15% copper

- Open pit mining: 85,365 tonnes at 0.98% copper

- Underground mining: 12,160 tonnes at 2.36% copper

The company's results were positively impacted by the weakness in the Namibian dollar and higher ore tonnage from pre-commercial underground operations.

Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) has successfully replaced the failed dewatering pump at its Kombat mine in Namibia. The new pump body was installed on July 26, 2024, and began pumping water on July 27, 2024. As of July 29, the mine has been dewatered 25 meters from the shaft collar, down from 227 meters on July 18. The pump is currently dewatering at 2860 cubic meters per hour.

The company has implemented modifications to prevent future pump failures. Mining and processing have continued normally from underground operations above 120 meters. Trigon remains focused on production from the Asis West underground complex and maintains its previous guidance. The company also announced that Aidan Sullivan, VP of Investor Relations, will be stepping down effective August 1, 2024.