Core Points - Augusta Gold Corp. has successfully completed its merger with AngloGold Ashanti plc, resulting in Augusta Gold becoming a wholly-owned subsidiary of AngloGold Ashanti [1][2] - Augusta Gold stockholders will receive C$1.70 in cash per share as part of the merger consideration [2] - Following the merger, Augusta Gold's common shares are expected to be delisted from the Toronto Stock Exchange and cease trading on the OTCQB [3] Summary by Sections Merger Details - The merger was approved by Augusta Gold stockholders at a special meeting on October 20, 2025 [2] - The merger agreement was established on July 15, 2025, involving Augusta Gold, AngloGold Ashanti (U.S.A.) Holdings Inc., and Exploration Inc. [1] Stockholder Information - Stockholders holding common shares in beneficial form will automatically receive the merger consideration shortly after the merger closes [2] - Registered stockholders must complete a letter of transmittal to receive their cash payment [2] Regulatory Actions - Augusta Gold has applied to cease being a reporting issuer in Canada and intends to file a Form 15 with the SEC to terminate its registration under the U.S. Securities Exchange Act [3]

Core Insights - Barrick Mining's Loulo-Gounkoto gold mine in Mali has resumed operations after a shutdown lasting over nine months due to tensions with the military-led government [1][2] - The mine's management was temporarily taken over by Soumana Makadji, appointed by a Malian court, amid disputes over export blocks and employee detentions [2][4] - The Loulo-Gounkoto complex produced 723,000 ounces of gold last year, and its shutdown hindered Barrick from capitalizing on the rise in gold prices this year [3] Operations and Management - Operations at the Loulo-Gounkoto mine restarted following an agreement to resume payments to contractors [2] - Mali's Mines Minister indicated that the interim management would ensure operations restart, pay workers, and produce gold for the national economy [2] - The Ministry of Mines clarified that it is not involved in the operations, which are under interim administration [3] Legal and Financial Issues - Barrick has initiated arbitration proceedings against Mali and filed appeals regarding the detention of four employees, denying allegations of money laundering and terrorism financing [4] - The ongoing dispute involves claims of back taxes and new mining legislation, with Barrick asserting that its local subsidiaries have agreements protecting them from certain legal changes [5] - Government agents reportedly seized a tonne of gold from the site, and Barrick is awaiting updates on the status of the bullion [4]

Core Viewpoint - Two Seas Capital LP supports the recommendations from leading proxy advisory firms ISS and Glass Lewis for Core Scientific shareholders to vote "AGAINST" the proposed merger with CoreWeave, citing inadequate compensation for shareholders and highlighting Core Scientific's standalone potential [1][2]. Proposed Merger Concerns - Glass Lewis criticized the proposed merger structure, indicating that it does not sufficiently protect Core Scientific shareholders from risks associated with CoreWeave's share price volatility [2][5]. - The absence of price protection mechanisms in the merger agreement leaves Core Scientific shareholders exposed to fluctuations in CoreWeave's stock price, which has shown significant volatility [5][10]. - Two Seas argues that the financial advisors' optimistic valuations of CoreWeave may not align with market realities, suggesting that the merger consideration undervalues Core Scientific [5][6]. Standalone Potential of Core Scientific - Two Seas emphasizes that Core Scientific possesses significant standalone value, particularly in the growing AI sector, and that the proposed merger does not reflect this potential [2][10]. - The analysis indicates that the implied value of the merger consideration has consistently fallen below the valuations provided by financial advisors, suggesting that shareholders may be better off rejecting the merger [10]. Shareholder Recommendations - Two Seas urges shareholders to follow the recommendations of ISS and Glass Lewis by voting against the merger to unlock Core Scientific's full potential [2][10]. - The persistent negative spread between Core Scientific's share price and the implied merger value indicates that investors value the company more highly as an independent entity [10].

Core Scientific and Proposed Merger with CoreWeave - Two Seas Capital LP supports ISS's recommendation for Core Scientific shareholders to vote "AGAINST" the proposed sale to CoreWeave, citing that the sale process did not maximize shareholder value [1][2][3] - The proposed merger is viewed as flawed due to a deficient structure and inadequate valuation, with ISS stating that the board's process was rushed and did not adequately explore alternatives [3][4][5] Valuation and Market Response - Since the announcement of the proposed merger, Core Scientific's share price has consistently closed at a double-digit premium to the offer, indicating that the market perceives the company's value to be higher than what CoreWeave is willing to pay [5][10] - The median premium of Core Scientific shares to the offer has been reported at 12.5% since the expiration of the CRWV IPO-related lockups [10] Shareholder Advocacy - Two Seas urges shareholders to reject the proposed transaction to unlock the potential value of Core Scientific, which is seen as one of the best assets in the AI landscape [2][3][6] - The upcoming special meeting for shareholders is scheduled for October 30, 2025, where the vote against the merger will take place [6]

Core Viewpoint - Augusta Gold Corp. has received approval from its stockholders for a merger with AngloGold Ashanti, which is expected to close around October 23, 2025, leading to Augusta Gold becoming a wholly-owned subsidiary of AngloGold Ashanti [1][3]. Voting Results - At the Special Meeting, 59,884,859 shares of Augusta Gold common stock were voted, representing approximately 69.69% of the issued and outstanding shares as of the record date [2]. - The Merger Resolution was approved by approximately 69.44% of the issued and outstanding shares and approximately 99.37% of the shares voted at the meeting, excluding certain related party votes [2]. Merger Details - The merger is subject to customary closing conditions and is anticipated to finalize on or around October 23, 2025 [3]. - Following the merger, Augusta Gold's common shares are expected to be delisted from the Toronto Stock Exchange and cease to be quoted on the OTCQB [3]. Reporting Status - Augusta Gold has applied to cease being a reporting issuer in Canada after the merger closes, which would exempt it from Canadian securities disclosure requirements [4]. - The company also plans to file with the U.S. Securities and Exchange Commission to terminate its reporting obligations in the United States upon closing of the merger [5]. Company Overview - Augusta Gold is focused on exploration and development in the Bullfrog mining district, with projects located approximately 120 miles northwest of Las Vegas, Nevada [6].

Core Insights - Recent surge in gold prices has made it a topic of widespread discussion, with China maintaining its position as the world's largest gold producer for 15 consecutive years, projected to produce 380.2 tons in 2024 [1] - Despite being the largest producer, China does not have any gold mines among the top 30 globally, which collectively are expected to produce 2,694.3 tons in 2024, a slight increase of 0.4% year-on-year [1] Group 1: Major Gold Mines - The Olimpiada mine in Russia, the largest in the country, produced 45.9 tons in the previous year, a 1% decrease, while its parent company, Polyus, expects a 49% increase in EBITDA to $5.7 billion in 2024 [3] - Grasberg mine in Indonesia, the second-largest, saw a 6% decrease in production to 57.9 tons, facing challenges such as aging equipment and operational difficulties [5] - Muruntau mine in Uzbekistan, the largest globally, is projected to increase production by 5% to 65.1 tons in 2024, with significant investments made to expand capacity [7] Group 2: Production Data and Rankings - The top three gold mines for 2024 are: 1. Muruntau mine (Uzbekistan) - 65.1 tons, up 5% 2. Grasberg mine (Indonesia) - 57.9 tons, down 6% 3. Olimpiada mine (Russia) - 45.9 tons, down 1% [8] - The overall production from the top 30 mines reflects a diverse geographical distribution, with North America having 8 mines, Africa 7, and Asia, Europe, and Oceania each having 4 [1]

Core Insights - Rua Gold Inc. has appointed Simon Delander as Vice President of Risk, Stakeholder & Regulatory Affairs to strengthen its executive team in New Zealand [1][2] - Delander will focus on permitting the Reefton Project and managing regulatory compliance, government relations, and ESG-related risks [2][5] - The company aims to enhance stakeholder engagement and navigate the regulatory landscape effectively [6] Group 1: Appointment and Role - Simon Delander has over 25 years of experience in regulatory affairs and stakeholder engagement within the resource sector [4] - His previous role was Vice President at Endura Mining, where he successfully guided the company through the consenting process [3][4] - Delander has held senior positions at Evolution Mining and MMG, overseeing ESG reporting and risk assessments [5] Group 2: Company Overview - Rua Gold is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which historically produced over 2 million ounces of gold [9] - The Glamorgan Project further solidifies Rua Gold's position as a leading high-grade gold explorer, located in a region that has produced 15 million ounces of gold and 60 million ounces of silver [10] - The company is committed to aligning its growth objectives with environmental and social responsibilities [5][6]

Core Insights - Pan Global Resources Inc. has resumed drilling at the Cármenes Project in northern Spain, focusing on the Providencia target after a successful Phase 1 drill campaign that revealed significant gold mineralization [1][3]. Drilling Program - The Phase 2 drilling program includes four drillholes aimed at following up on the promising gold discovery from Phase 1, which reported intercepts of 1.08 g/t Au over 46 meters and 3.01 g/t Au over 34 meters [3][4]. - The Phase 2 program is expected to be completed before the end of the year [3]. Geological Insights - A strong induced polarization (IP) chargeability anomaly has been identified at the Providencia target, indicating that mineralization may extend deeper than previously explored [4]. - Extensive geological mapping has revealed a large zoned, multi-phase hydrothermal breccia system, which is hosting copper, cobalt, nickel, and gold mineralization over an area exceeding 300 meters by 150 meters [4][6]. Exploration Potential - The Cármenes Project covers 5,653 hectares and is located approximately 55 km north of León, Spain, with a history of mining activity, including the former Profunda and Providencia mines [6][9]. - The area is considered highly prospective for multiple bodies of carbonate-hosted breccia style mineralization, with potential vertical dimensions exceeding 1 km [6][9]. Additional Activities - Detailed surface geochemical sampling and mapping have commenced on 30 identified targets surrounding the Providencia area, following a recent helicopter survey [5].

Core Insights - Luca Mining Corp. has reported positive analytical results from surface and underground drilling at the Reforma deposit and Campo Morado mine, indicating strong mineralization and expansion potential [1][2][6] Surface Drill Program - The surface drilling at the Reforma deposit has confirmed the size, tenor, and grade of precious and base metals, with results exceeding geological model predictions [2][4] - A total of 4,060 meters of surface drilling has been completed at the Reforma deposit, with the program now shifting to the El Rey deposit [4] - The ongoing program aims to confirm and expand existing mineral resources and collect material for metallurgical testing to enhance precious metals recoveries [2][3] Underground Drill Program - High-grade gold and silver intercepts have been identified from the Reforma deposit, with significant intervals of massive sulphide mineralization reported [6][7] - The underground drilling program has been expanded by 50%, totaling 7,500 meters for 2025, focusing on defining mineable resources near existing workings [6][8] - Notable results include drillhole CMRF-25-10, which intercepted 13.0 meters of 11.4 g/t AuEq, and CMRF-25-11, which intercepted 24.6 meters of 6.0 g/t AuEq [6][10] Exploration Targets - Luca Mining has identified 38 priority exploration targets near the Reforma and El Rey deposits, which have never been drill tested [3] - The exploration strategy is based on favorable geological, geochemical, and geophysical interpretations from historical data [3] Financial and Operational Expansion - Based on strong drilling results, the surface drill program at Campo Morado has been increased by 120%, with a total budget of 5,500 meters for 2025 [6] - The company is in a transformative period, unlocking the gold-rich VMS potential of the Campo Morado property [9]

Group 1 - Galiano Gold Inc. will release its Q3 2025 financial and operational results after market close on November 6, 2025 [1] - A conference call and webcast to discuss the Q3 results is scheduled for November 7, 2025, at 7:30am PT [1] - The conference call will be accessible via multiple dial-in options and will also be available for replay until November 14, 2025 [1] Group 2 - Galiano Gold Inc. is focused on sustainable business practices aimed at value creation for stakeholders through production, exploration, and disciplined financial resource deployment [2] - The company owns the Asanko Gold Mine located in Ghana, West Africa [2] - Galiano is committed to high standards in environmental management, social responsibility, and the health and safety of employees and local communities [2]