Core Insights - Gold Royalty Corp. has achieved positive free cash flow for both the second quarter and the first half of 2025, alongside record revenues and cash margins, indicating growth in production and profitability within its asset portfolio [2][11][12] Financial Performance - For the second quarter of 2025, the company reported revenue of $3.8 million, a significant increase from $1.8 million in the same period of 2024, while total revenue including land agreement proceeds and interest reached $4.4 million, up from $2.2 million [6][11] - The net loss for the second quarter was $829,000, an improvement from a net loss of $2.2 million in Q2 2024, with adjusted net loss also showing improvement [6][11] - Adjusted EBITDA for the second quarter was $2.4 million, compared to $740,000 in the same quarter of 2024, reflecting enhanced operational efficiency [6][11] Production and Guidance - The company reported 1,346 gold equivalent ounces (GEOs) produced in Q2 2025, up from 947 GEOs in Q2 2024, and maintained its 2025 guidance of 5,700-7,000 GEOs, expecting production to be more heavily weighted in the second half of the year [6][11][20] - The company also targets a production outlook of 23,000-29,000 GEOs by 2029, demonstrating confidence in its asset portfolio's growth potential [2][11] Portfolio Updates - The Borborema project is on track for commercial production in Q3 2025, with expected production of 33,000 to 40,000 ounces of gold in 2025 [9] - The Côté Gold mine has reached its nameplate capacity of 36,000 tonnes per day, indicating strong operational performance [15] - The Vareš mine achieved commercial production on July 1, 2025, although production guidance for the year has been revised down due to operational challenges [20] Royalty Generator Model - The royalty generator model has added two new royalties in the first half of 2025, contributing to a total of 50 royalties since the acquisition of Ely Gold Royalties Inc. in 2021 [22] - The company currently has 33 properties under land agreements and six properties generating land agreement proceeds, maintaining low operating costs [23]

Core Viewpoint - Rua Gold Inc. is expanding its drilling program at the Reefton Project in New Zealand, with a fully funded 12-month exploration strategy aimed at increasing gold resources and transitioning from an explorer to a developer [1][7]. Reefton Drill Program Expansion - A total of 4,000 meters of diamond drilling is planned at Auld Creek with two drill rigs over the next four months, targeting an increase of the inferred resource to over 300,000 gold-equivalent ounces by the end of 2025 [6][14]. - A third drill rig is being mobilized to focus on high-grade gold shoots at Cumberland, following strong results reported in May 2025 [6]. - Alexander River is identified as a high-priority surface target, with drilling expected to commence in Q4 2025 [6][19]. Glamorgan Drill Program Commencement - The Glamorgan project on the North Island is set to begin drilling in Q4 2025, following extensive surface exploration that identified significant gold-arsenic soil anomalies [21][22]. Corporate Developments - The company has a robust financial position with a cash balance of $14 million as of June 30, 2025, and plans to allocate $1 million into marketing over the next 12-18 months [6]. - New investor relations agreements have been established with Capital Gain Media Inc. and Sidis Holdings, each for a fee of $120,000 plus applicable taxes [23][25]. Strategic Outlook - The company aims to enter the "Fast Track Permitting Process" in 2026, leveraging New Zealand's supportive permitting regime to rapidly build its resource base [7]. - The Reefton Goldfield has historically produced over 2 million ounces of gold, and the company controls 120,000 hectares within this district [9][27].

Core Viewpoint - Barrick Gold Corporation (NYSE: B, TSX: ABX:CA) stock was highlighted as a Strong Buy at a price of $20.46 at the end of June, and since then, the stock has increased by 4.64%, outperforming the S&P 500, which rose by 3.51% [1]. Company Analysis - The stock of Barrick Gold has shown a positive performance, indicating strong investor interest and potential for growth [1]. - The analysis reflects a focus on value companies with solid long-term potential, suggesting that Barrick Gold is positioned well within its industry [1].

Core Viewpoint - New Gold Inc. reported strong financial and operational results for Q2 2025, achieving record free cash flow and production growth, positioning the company to meet its annual guidance for gold and copper production [1][2][10]. Financial Highlights - Q2 2025 revenue reached $308.4 million, up from $218.2 million in Q2 2024, driven by higher gold prices and sales volume [9][14]. - Operating expenses for Q2 2025 were $111 million, slightly higher than $109.5 million in Q2 2024 [9][14]. - Net earnings for Q2 2025 were $68.6 million, compared to $53.1 million in Q2 2024, with adjusted net earnings of $89.8 million [9][14]. - Free cash flow for Q2 2025 was $63 million, significantly up from $20.4 million in Q2 2024 [11][14]. Operational Performance - Total gold production in Q2 2025 was 78,595 ounces, with copper production at 13.5 million pounds [5][12]. - New Afton Mine produced 16,991 ounces of gold and 13.5 million pounds of copper, while Rainy River Mine produced 61,604 ounces of gold [12][16]. - All-in sustaining costs for gold sold were $1,393 per ounce, reflecting a decrease from previous periods [12][14]. Production Growth and Guidance - The company is on track to meet its annual production guidance of 325,000 to 365,000 ounces of gold and 50 to 60 million pounds of copper [10][12]. - Rainy River achieved a record production month in June 2025, producing 37,341 ounces of gold at an average grade of 1.44 g/t [5][10]. - New Afton’s B3 cave is expected to exhaust later than planned, contributing to higher production levels [3][10]. Exploration and Development - Exploration efforts are ongoing at both New Afton and Rainy River, with a focus on increasing underground ore inventory and testing open pit extensions [4][10]. - New Afton’s exploration program is at an all-time high, with significant drilling activities aimed at expanding the K-Zone [10][12]. - Rainy River is advancing both open pit and underground exploration, with plans for further drilling in the third quarter [10][12]. Capital Expenditures - Total capital expenditures for Q2 2025 were $92 million, with $34 million allocated to sustaining capital and $58 million to growth capital [12][18]. - The company invested approximately $58 million in growth projects during the quarter, contributing to its strong cash flow generation [10][14].

Core Viewpoint - St. James Gold Corp. is set to have its common shares reinstated for trading on the TSX Venture Exchange around July 29, 2025, following the completion of a review by the Exchange [1] Financial Position - As of March 31, 2025, the company reported a working capital deficiency of $1,905,769, which is expected to be adjusted to $129,209.49 after the closing of a pending private placement [2] - The company has a total of $1,580,052.49 in short-term debt, with $1,222,758 attributed to management fees that were not properly filed with the Exchange [3][7] - The company has written off $317,725 of indebtedness that exceeded the statutory limitation period [7] Debt Management - The company plans to issue unsecured notes to its largest short-term creditors to resolve the short-term debt, with a maturity of 18 months after issuance [7] - Notes issued for legal fees and amounts advanced by a shareholder bear an interest rate of 10% per annum [4] Corporate Overview - St. James Gold Corp. is focused on creating shareholder value through the discovery and development of economic mineral deposits, holding a 100% stake in 29 claims covering 1,791 acres in the Gander gold district of Newfoundland, and additional claims adjacent to Marathon Gold's Valentine Lake property [5]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Group 1 - Barrick Gold announced a pause in its expansion plans in Tanzania, citing declining ore grades, but analysts suggest there may be more significant underlying reasons related to market conditions [1][3] - The current volatility in the gold market is attributed to several factors, including President Trump's erratic behavior, the Federal Reserve's indecision on interest rates, and the uncertainty caused by Trump's tariff policies [3][8] - Goldman Sachs indicated that gold and copper are experiencing a rare investment opportunity, with gold's theoretical price around $3900 based on current real interest rates, while actual prices hover around $3340, indicating a significant undervaluation of over $600 [3][6] Group 2 - The price of gold has seen strong support around $3310, referred to as the "golden lifeline" by traders, with significant rebounds following major geopolitical events [5][6] - Market focus is on whether gold can stabilize above $3352, especially after comments from Fed Chair Powell regarding interest rate decisions being data-dependent [6][8] - Central banks globally have significantly increased their gold reserves, with a record rise of 483 tons in the first half of the year, driven by geopolitical tensions and tariff threats, while retail investors remain cautious [6][8] Group 3 - The market reacted dramatically to news regarding potential changes in the Federal Reserve's leadership, highlighting the sensitivity of gold prices to perceptions of Fed independence [7][8] - The release of U.S. inflation data and the Fed's upcoming interest rate decisions are critical indicators for gold traders, with a 70% probability of a rate cut in September being priced in by the market [8]

Core Viewpoint - Integra Resources Corp. is experiencing positive operational performance at the Florida Canyon Mine, with significant cash flow generation and plans for substantial reinvestment to support long-term growth and profitability [2][3]. Operational Update - Florida Canyon Mine produced 18,086 ounces of gold and sold 18,194 ounces during Q2 2025, aligning with company expectations [3]. - The total ore mined was 3,075 kt, with a waste-to-ore strip ratio of 0.96 for the quarter [3]. - The company plans to invest over $55 million in Florida Canyon for sustaining and growth capital in 2025 [2]. Financial Position - As of June 30, 2025, the company reported cash and cash equivalents of $63 million [4]. Upcoming Events - The company will release its Q2 2025 financial results on August 13, 2025, followed by a conference call on August 14, 2025 [1][6].

Core Viewpoint - Augusta Gold Corp. has entered into a definitive merger agreement with AngloGold Ashanti, where AngloGold Ashanti will acquire all of Augusta Gold's outstanding shares at a price of C$1.70 per share, implying an enterprise value of approximately C$197 million [1][3][7] Summary by Relevant Sections Transaction Details - The acquisition price of C$1.70 per share represents a premium of approximately 28% over the closing price on July 15, 2025, and about 37% over the volume-weighted average share price over the preceding 20 trading days [7] - The transaction is expected to close in the fourth quarter of 2025, pending customary closing conditions and stockholder approval [3][4] - Augusta Gold will become an indirect wholly-owned subsidiary of AngloGold Ashanti, and its shares will no longer be publicly traded [3] Benefits to Stockholders - The offer provides immediate liquidity to Augusta Gold stockholders and eliminates future dilution, commodity price, development, and execution risks [7] - The transaction is supported by Augusta Gold's board, which unanimously recommends stockholders approve the agreement [4][5] Financial Aspects - The enterprise value of the transaction includes a fully-diluted equity value of approximately C$152 million and repayment of stockholder loans totaling around C$45 million as of March 31, 2025 [1] - National Bank Financial Inc. provided a fairness opinion stating that the consideration is fair from a financial perspective for Augusta Gold stockholders, excluding related parties [5][12] Governance and Support - Directors and certain executive officers of Augusta Gold, holding approximately 31.5% of the shares, have entered into voting support agreements to vote in favor of the transaction [4] - Augusta Gold intends to file relevant materials with the SEC and Canadian securities regulators, including a proxy statement for stockholder voting [8][9]

Barrick is in advanced talks to sell its last Canadian gold mine to Discovery Silver as the firms seek to capitalize on the soaring price of the precious metal https://t.co/InrzNPaypg ...