Core Viewpoint - Galiano Gold Inc. has reported significant high-grade mineralization results from its ongoing Phase 2 drilling program at the Abore project, indicating potential for resource expansion and exploration success [3][4][10]. Group 1: Drilling Program Overview - The Phase 2 drilling program at Abore is approximately 75% complete, targeting mineralization below the current Mineral Reserve and Resource, with a strike length of about 1,600 meters [4][5]. - The program is expected to achieve around 10,000 meters of drilling across 40 holes, with complete assays received for 31 holes to date [5][16]. - Drilling has progressed under budget and ahead of schedule, demonstrating operational efficiency [5]. Group 2: High-Grade Mineralization Results - Significant intercepts include 23 meters at 6.8 grams per tonne (g/t) gold from hole ABDD25-388 and 44.8 meters at 2.0 g/t from hole ABPC25-368 [8][12][23]. - The high-grade zone at the south end of Abore Main pit has been confirmed to extend over at least 400 meters, with notable intercepts such as 30.6 meters at 2.9 g/t from hole ABPC25-380 [10][11]. - Multiple high-grade ore shoots have been identified, including a new zone discovered approximately 75 meters below the Abore Mineral Resource under Abore North pit [12][18]. Group 3: Future Exploration and Development Plans - The company plans to expand its drilling campaign into 2026 to increase drill density and grow Inferred and Indicated Mineral Resources [17]. - Key areas of interest include the 'saddle' zone connecting Abore South and Main pits, which presents opportunities for mine optimization [18]. - The exploration team is well-equipped to execute the aggressive drilling strategy, supported by sufficient funding and skilled personnel [19]. Group 4: Current Mineral Resources - The Abore project currently has Measured and Indicated Mineral Resources of 638,000 ounces at 1.24 g/t gold and Inferred Mineral Resources of 78,000 ounces at 1.17 g/t gold, as of December 31, 2024 [20]. - The geology of Abore is characterized by a sedimentary sequence intruded by granite, with mineralization primarily hosted in quartz vein areas along the granite/sediment contact [21].

Core Viewpoint - Pan Global Resources Inc. has announced high-grade mineralization results from underground channel sampling at the Providencia target within its 100%-owned Cármenes Project in northern Spain, indicating significant potential for copper, nickel, cobalt, and gold deposits [1][3][5] Group 1: Sampling Results - Detailed channel sampling at the historical Providencia mine confirms high-grade copper, nickel, cobalt, and gold mineralization over wide intervals, with significant intervals reported [4][5] - Notable assay results include 4.17% Cu, 2.68% Ni, 1.28% Co, and 0.88 g/t Au over 5 meters, and 1.02% Cu, 0.65% Ni, 0.38% Co, and 0.17 g/t Au over 32 meters [5][6] - Peak channel sample assays reached 11.0% Cu, 4.47% Ni, 2.47% Co, and 1.34 g/t Au over 1 meter, indicating the presence of sulphide-rich breccia and supergene mineralization [6][7] Group 2: Geological Insights - Geological mapping and surface sampling reveal a large zoned, carbonate-hosted, multi-phase hydrothermal breccia system hosting the mineralization, extending over a surface area of 300m x 150m [9] - The sulphide-rich mineralization exhibits a pipe-like geometry from surface to at least 120 meters depth, remaining open to depth [7] Group 3: Future Exploration and Drilling - Additional drilling is planned to test for expansion of the high-grade sulphide breccia zone, particularly in the west where the highest-grade samples are located [3][8] - Drilling is currently underway to explore a new gold target at Providencia, with results expected in September [8] Group 4: Project Overview - The Cármenes Project is located in a geologically prospective area for multiple bodies of carbonate-hosted mineralization, comprising five 100%-owned Investigation Permits over 5,653 hectares [12] - The project area includes historical mines that last operated in the 1930s, highlighting the potential for additional breccia pipes [12]

Core Points - New Gold Inc. announces the resignation of Christian Milau from the Board of Directors effective immediately to pursue other opportunities [1] - Richard O'Brien, Chair of the Board, expressed gratitude for Milau's contributions over the past year and highlighted the company's active corporate development and operational achievements during his tenure [2] - New Gold is focused on becoming a leading intermediate gold producer with two core producing assets in Canada: the New Afton copper-gold mine and the Rainy River gold mine [2]

Core Viewpoint - Galiano Gold Inc. reported strong operational and financial results for Q2 2025, highlighting significant increases in gold production, revenue, and cash flow, alongside improvements in safety metrics and ongoing development projects at the Asanko Gold Mine in Ghana [1][10][23]. Operational Highlights - No lost-time injuries or total recordable injuries were recorded during Q2 2025, with 12-month rolling LTI and TRI frequency rates at 0.42 and 0.97 per million hours worked, respectively [4]. - Mining activities focused on the Abore and Esaase deposits, with 1.4 million tonnes of ore mined at an average grade of 0.8 grams per tonne gold and a strip ratio of 5.9:1 [4]. - The company milled 1.2 million tonnes of ore at an average feed grade of 0.8 g/t gold, achieving a metallurgical recovery rate of 89% [4][10]. Financial Performance - Galiano produced 30,350 ounces of gold in Q2 2025, a 46% increase from Q1 2025, and sold 29,287 ounces at an average realized price of $3,317 per ounce, generating total revenue of $97.3 million [10][23]. - The company reported income from mine operations of $37.2 million for Q2 2025, compared to $23.6 million in Q2 2024, driven by higher revenues [23]. - Cash flow from operating activities reached $35.8 million in Q2 2025, significantly up from $4.5 million in the same quarter of the previous year [21][23]. Cost and Capital Expenditures - Total cash costs for Q2 2025 were $1,602 per ounce, with all-in sustaining costs (AISC) at $2,251 per ounce, reflecting a 10% decrease compared to Q1 2025 [10][20]. - Sustaining capital expenditures were $2.2 million, while development capital expenditures totaled $4.9 million during Q2 2025 [10][20]. - The company incurred $6.9 million in capitalized development pre-stripping costs at the Nkran deposit during Q2 2025 [10][20]. Exploration and Development - A deep step-out drilling program at the Abore deposit yielded positive results, confirming mineralization over a significant strike length, indicating potential for further exploration [8][20]. - The construction of a secondary crushing circuit at the AGM processing plant was completed, expected to enhance throughput capacity [20][10]. - The company remains on track to meet its production guidance for 2025, with expectations of producing between 130,000 to 150,000 ounces of gold [15].

Core Insights - Integra Resources Corp. reported consistent gold production and positive financial results for Q2 2025, with a focus on capital investment and growth at Florida Canyon [4][21][29] Financial and Operating Highlights - Mined 3,074,440 tonnes of ore and 2,966,291 tonnes of waste at a strip ratio of 0.96, achieving a mining rate of 33,785 tonnes per day, a 1% increase from Q1 2025 [7][10] - Produced 18,087 gold ounces and sold 18,194 gold ounces at a record average realized price of $3,332 per ounce, generating record revenue of $61.1 million, exceeding Q1 2025 revenue of $57.0 million [7][21] - Mine operating earnings reached $25.2 million, representing a 41% operating margin, up from $15.5 million and 27% in Q1 2025 [7][9] - Adjusted earnings were $11.8 million, or $0.07 per share, compared to $4.4 million, or $0.03 per share in Q1 2025 [7][23] - Net earnings were $10.6 million, or $0.06 per share, compared to $1.0 million, or $0.01 per share in Q1 2025 [7][22] - Cash costs decreased to $1,849 per gold ounce sold from $2,016 in Q1 2025, while mine-site all-in sustaining costs (AISC) increased to $2,641 per gold ounce from $2,342 [7][18] Capital Expenditures - The company plans to invest over $55 million into Florida Canyon in 2025 for improvements and long-term growth [4] - In Q2 2025, $14.2 million was invested in sustaining capital, totaling $20.2 million for H1 2025 [16][18] Exploration and Growth - A resource growth-focused drill program at Florida Canyon was initiated, completing approximately 5,700 meters of drilling by the end of June 2025, with an expanded scope to 16,000 meters [19][20] - The company plans to release an updated mineral reserve and resource estimate and an updated life-of-mine plan in H1 2026 [19] Development Projects - The DeLamar Project is under review by the U.S. Bureau of Land Management, with an environmental review expected to commence in H2 2025 [29][30] - The Nevada North Project is advancing with metallurgical testing and environmental analysis completed, with permits anticipated in H2 2025 [31][32] Health, Safety, and Environment - The company reported zero fatalities and zero lost time incidents in Q2 2025, with a total recordable incident frequency rate of 1.89 [34]

Financial Data and Key Metrics Changes - Barrick reported adjusted earnings per share of $0.47, more than doubling compared to the previous year and marking the highest level since 2013 [5][10] - The company finished the quarter in a net cash position, allowing for share buybacks and a total dividend of $0.15 per share, which includes a $0.05 performance top-up [6][10] - Net cash provided by operating activities was €1,330,000,000, up 35% from the previous quarter, excluding interest and income taxes [10] Business Line Data and Key Metrics Changes - Gold production improved across the portfolio, with significant contributions from Nevada Gold Mines, Pueblo Viejo, Kibali, and Lomana [7][14] - In copper, production volumes increased, and unit costs decreased, reflecting a clear year-on-year and quarter-on-quarter improvement [8][10] - The sale of the Donlin Gold Project for $1,000,000,000 was completed, further sharpening the growth pipeline [9] Market Data and Key Metrics Changes - The company continues to leverage high gold prices, with production tracking guidance and expectations for a stronger second half of the year [5][10] - The performance in Latin America and Asia Pacific was solid, with improvements noted at Pueblo Viejo and Valadero [22][23] Company Strategy and Development Direction - Barrick is focused on disciplined capital allocation and building long-term profitability through Tier one assets and new projects [11][38] - The company aims to grow production by 30% organically by 2029, emphasizing the importance of long-life assets and strong partnerships [38][39] - The strategic focus includes optimizing the life of mines to ensure long-term delivery rather than maximizing net present value [89] Management's Comments on Operating Environment and Future Outlook - Management highlighted the uncertain global environment but reinforced the value of a diversified portfolio and effective operations [4][10] - The second half of the year is expected to deliver higher volumes and lower costs, aligning with full-year guidance [37][38] - Management remains optimistic about the potential of the Fourmile asset, which is emerging as a significant discovery [15][21] Other Important Information - Health and safety remain a core priority, with a 50% decrease in lost time injuries year-to-date compared to the previous year [12] - The company is actively managing the situation in Mali and is committed to finding a constructive path forward [32] Q&A Session Summary Question: Timeline for arbitration process regarding Lulu and Kotto - Management believes a resolution can be found and has engaged in various mediation efforts, with the tribunal already constituted [40][41] Question: Fit of Hemlo, Tongon, and Zaldivar in the portfolio - Management is focused on rationalizing the portfolio to align with their disciplined approach to Tier one long-life assets [44][45] Question: Updates on Fourmile's scope and timeline - Management aims to have a scoping position for Fourmile by the end of the year, with plans for prefeasibility or feasibility studies thereafter [46][47] Question: Situation regarding the book value of Lulu Gonkoto - The asset was deconsolidated due to loss of control, leading to a write-off, but the company still expects benefits from its investment [54][55] Question: Update on Jabal Saeed project in Saudi Arabia - The project is a small high-grade copper mine with a ten-year life, and Barrick is expanding its partnership with Ma'aden for further exploration [58][60] Question: Electricity situation in Zambia for Lumwana - Management has worked with state utilities to improve power availability and is investing in technology to unlock lost power in the grid [63][64]

Financial Data and Key Metrics Changes - Barrick's adjusted earnings per share more than doubled year-on-year, reaching $0.47, the highest since 2013 [4][8] - The company finished the quarter with a net cash position, allowing for share buybacks and strengthening the balance sheet [5] - Net cash provided by operating activities was €1,330,000,000, up 35% from the previous quarter [8] - The company returned $753,000,000 to shareholders in the first half of the year through dividends and share buybacks [9] Business Line Data and Key Metrics Changes - Gold production improved across the portfolio, with solid contributions from Nevada Gold Mines, Pueblo Viejo, Kibali, and Lomana [6][12] - In copper, production volumes increased, and unit costs decreased, reflecting a clear year-on-year and quarter-on-quarter improvement [7] - The ramp-up at Goldrush is gaining momentum, and Fourmile is showing significant potential [6][12] Market Data and Key Metrics Changes - The gold price remains high, contributing to improved operating performance and stronger margins [8] - The company is focusing on long-life Tier one assets, completing the sale of its interest in the Donlin Gold Project for $1,000,000,000 [7] Company Strategy and Development Direction - Barrick emphasizes a disciplined approach to capital allocation, focusing on long-term profitability and growth through Tier one assets [9][38] - The company is committed to health and safety, achieving a 50% decrease in lost time injuries year-to-date [11] - Barrick aims to grow production by 30% organically by 2029, with a focus on building a portfolio of world-class assets [38] Management's Comments on Operating Environment and Future Outlook - Management noted that the global environment remains uncertain, but the diversified portfolio and disciplined capital allocation provide resilience [3] - The second half of the year is expected to be stronger, with all indicators pointing towards improved performance [10][38] - Management remains optimistic about the potential of the Fourmile asset, which is emerging as a significant discovery [15][19] Other Important Information - The company is advancing its projects in Latin America and Asia Pacific, with significant progress at Pueblo Viejo and Ricodec [20][26] - Barrick is actively managing its portfolio, considering divestments to focus on core assets [46] Q&A Session Summary Question: Timeline for arbitration process regarding Lulu and Kotto - Management believes a resolution can be found and has engaged in various mediation efforts, with the tribunal already constituted [40][41] Question: Fit of divestments in the portfolio - Management is focused on rationalizing the portfolio to emphasize Tier one long-life assets, with ongoing evaluations of Hemlo and Porgera [44][46] Question: Updates on Fourmile's scope and timeline - Management aims to have a scoping position for Fourmile by the end of the year, with plans to assess the next steps thereafter [47][48] Question: Situation regarding the book value of Lulu - The asset was deconsolidated due to loss of control, leading to a write-off, but the company still expects benefits from its investment [55][56] Question: Update on Jabal Saeed project in Saudi Arabia - The project is a small high-grade copper mine with a ten-year life, and Barrick is expanding its partnership with Ma'aden for further exploration [59][61] Question: Electricity situation in Zambia for Lumwana - Management has worked with state utilities to improve power availability and is investing in technology to enhance the power grid [62][64]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

NYSE : B TSX : ABX Results for Q2 2025… | $0.47  124% | y/y | $0.47  47% y/y | $1.69b  31% | y/y | | --- | --- | --- | --- | --- | | Net earnings per share | | Highest Adjusted net earnings per share7 since 2013 | Attributable EBITDA2 | | | $0.15/sh | | $268 million | $4.8 billion cash | | | Quarterly dividendi | | Share buybacks in Q2 | $73 million Net cashii | | | Fourmile poised to double mineral | | Unlocked $1 billion in value from Donlin | Tongon & Hemlo sales processes advancing | | | resource in ...

Core Insights - The article discusses the author's background and experience in journalism and the financial sector, emphasizing a decade of reporting experience and a focus on economic issues [3][4]. Group 1 - The author has a diploma in journalism from Lethbridge College and has over ten years of reporting experience [3]. - The author has covered territorial and federal politics in Nunavut, Canada, showcasing a diverse reporting background [3]. - Since 2007, the author has worked exclusively within the financial sector, starting with the Canadian Economic Press [3].