Trigon Metals Inc. experienced a setback in underground pumping due to the failure of both of its two main dewatering pumps on the morning of January 16, 2025 at the Company's Kombat mine in Namibia. As a result, the Company has suspended underground mining as it anticipates that the pump failure will ultimately result in the underground mine flooding over the coming days. All precautions are being taken to ensure safety [...]
Trigon Metals Inc. announced today that it has signed a binding loan agreement with Horizon Corporation Ltd for a loan from Horizon of up to USD$5 million to Trigon. Pursuant to the Loan Agreement, Trigon has granted Horizon exclusivity rights to negotiate the purchase of Trigon's interest in the Kombat Mine in Namibia . The Proposed Transaction contemplates a valuation for the Kombat mine of USD $30 million , which will [...]
Trigon Metals Inc. announces it has received an indicative term sheet from Horizon Corporation Limited for a proposed loan of USD$5 million to allow for the conclusion of the evaluation and due diligence for a sale of 100% of its ownership interest in the Kombat Mine in Namibia to Horizon. . The Proposed Transaction remains subject to certain conditions including completion of satisfactory due diligence, the negotiation [...]
Trigon Metals Inc. announces its operating and financial results for the three months ended September 30, 2024. Shareholders and interested parties are invited to join a conference call hosted by Trigon management, tomorrow, Tuesday, December 3, 2024, at 11:00 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. All amounts are expressed in U.S. dollars [...]
Trigon Metals Inc. announces the resignation of Dr. David Shaw from the Company's Board of Directors, effective immediately. Dr. Shaw has faithfully served on the Board of Directors since 2019. The Company wishes to thank him for his contributions and dedicated service to Trigon over the past five years, and wish him much success in his future endeavors. Jed Richardson, CEO and Executive Chairman of Trigon, commented, "We [...]
Trigon Metals Inc. is pleased to announce the results of drilling from recent underground drilling at Shaft 1 at levels 3 and 5 at the Kombat mine. These holes were intended as confirmation but have significantly increased the grade and extended the known mineralization in the zone . The holes targeted orebodies adjacent to historic workings and close to existing development thus allowing for near-term mining as Trigon [...]
Trigon Metals Inc. announces that it has reached a key milestone, having mined an average of 980 tonnes of ore a day from its underground operations over a 30 day period and that it will pause its open pit operations at the end of September 2024 at the Company's Kombat mine in Namibia. Trigon has achieved a key milestone as required pursuant to the terms of the streaming agreement with Sprott Private Resource Streaming [...]
Trigon Metals Inc. is pleased to announce the results of drilling from the new zone identified in the vicinity of Shaft #3 of the Kombat mine. These areas are outside the proven and probable mine reserves published in March 2024. Mineralization in these areas was initially detected in surface drilling in 2023 and some historic drill work dating back to when Goldfields operated the mine. The holes classified as follow-up [...]
Trigon Metals Inc. is pleased to announce its operating and financial results for the three months ended June 30, 2024. Shareholders and interested parties are invited to join a conference call hosted by Trigon management, tomorrow, Thursday, August 22, 2024, at 11:00 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. All amounts are expressed in U.S [...]
Trigon Metals Inc. Trigon is pleased to report as of July 29, 2024, the Company has filed its financial statements for the year ended March 31, 2024 and details below the operational milestones for the quarter ending March 31, 2024. Trigon reports a profit from continuing operations of USD $13,439,695 for the three months ended March 31, 2024 and a net loss of $1,474,523 for the twelve months ending March 31, 2024 [...]
Trigon Metals Inc. has executed its plans to address a temporary setback in its underground pumping progress by replacing the failed dewatering pump at the Company's Kombat mine in Namibia. Please refer to news release dated July 18, 2024 "Trigon Metals Stabilizes Water Levels and Maintains Uninterrupted Production from Underground at Kombat Mine, Namibia". The replacement pump body was installed on July 26, 2024 and [...]
Trigon Metals Inc. is pleased to announce the appointment of Tom Panoulias as Vice President, Corporate Development, effective August 1, 2024. Tom Panoulias is a widely respected global mining executive with more than 15 years' experience as a capital markets professional. He has previously worked at Echelon Wealth Partners, Fraser Mackenzie Merchant Capital, and Dundee Capital Markets, raising over one billion dollars [...]