TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) ("NexGold" or the "Company") is pleased to provide an update on its ongoing 25,000-metre diamond drill program initially announced on January 22, 2025 at the Company's Goldboro Project in Nova Scotia ("Goldboro"). The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred and I ...

Highlights: Ausenco Engineering Canada ULC will lead the Pre-Feasibility Study (PFS) and will be responsible for the process plant design, the supporting infrastructure, overall opex and capex.G Mining Services will lead the mining engineering scope of the project including mining opex and capex.GHD will lead the scope of the project related to the design of tailings and water management infrastructures.Probe has successfully completed a 50,000-metre infill drilling program to support the PFS, which remains ...

MONTREAL, May 22, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is pleased to report additional positive drill results from the Southwest Zone (“Southwest”), at its Troilus Project located in northcentral Quebec, Canada. The results herein are part of the company’s 2025 drill campaign (outlined in the February 4, 2025 press release), focused on identifying and delineating higher-grade mineralization and enhancing confidence in the block model wit ...

Core Insights - Dakota Gold Corp. is advancing its Richmond Hill Heap Leach Oxide Gold Project towards an Initial Assessment with Cash Flow (IACF) expected in mid-2025 and a Feasibility Study anticipated in early 2027 [1][7] - The company has a cash balance of $47 million as of March 31, 2025, fully financing the IACF and the subsequent Feasibility Study [3] - The Maitland Gold Project is also being developed, with an initial inferred gold resource assessment expected to be completed in fall 2025 [4] Richmond Hill Project - Richmond Hill is one of the largest undeveloped oxide gold resources in the U.S. being advanced by a junior mining company [3] - The project is supported by a consultancy group and is expected to make significant progress in 2025 and into 2026 [5] - The company is currently drilling approximately 80,000 feet (24,384 meters) in 2025, focusing on metallurgical samples and resource expansion [7] Maitland Gold Project - The Maitland Gold Project is assessing exploration data from the JB Gold Zone and Unionville Zone to outline an initial inferred gold resource [4] - The JB Gold Zone has reported high-grade intersections averaging 10.76 g/t Au over 4.0 meters, while the Unionville Zone averages 4 g/t Au over 6.4 meters [4] Leadership and Corporate Structure - Recent additions to the Board and senior management include Todd Kenner, Kevin Puil, Jack Henris, and Amy Koenig, enhancing the company's leadership capacity [5] - The company emphasizes a strong safety record with no loss time incidents over the past four years [5] Feasibility Planning - Dakota Gold has engaged various consulting groups for the IACF and Feasibility Study, with M3 Engineering as the overall Study Manager [7] - The Feasibility Study is expected to be completed in 2027, focusing on a 30,000 ton per day crushing circuit [7]

ASM: TSX/NYSE American www.avino.com A Clear Path to Transformational Growth May 2025 A CLEAR PATH TO TRANSFORMATIONAL GROWTH The Avino Mine Property ASM: TSX/NYSE American www.avino.com A Clear Path to Transformational Growth 2 CAUTIONARY DISCLAIMER: FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigati ...

VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”), has commenced feasibility fieldwork at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho. This program confirms initiation of a formal feasibility study on Black Pine. Technical data collected will support feasibility-level engineering studies, planned to begin in Q4 2025. In parallel, baseline studies are underway to complete the Company’s extensive ...

Financial Data and Key Metrics Changes - The company's gross profit increased by 68% to CAD 10.1 million compared to Q1 2024 [5] - Adjusted EBITDA rose by 38% to CAD 8.7 million [6] - Cash and cash equivalents grew to CAD 68.5 million from CAD 17.5 million [6] - Consolidated working capital improved to CAD 61 million from a negative CAD 6.5 million [6] - Total debt increased to CAD 130 million from CAD 40 million, while the debt cost of service decreased from 9.5% to 6% [6] Business Line Data and Key Metrics Changes - Gold Bar produced 10% more gold than budgeted at a cash cost 24% below the low end of annual guidance, with a cash cost of CAD 1,146 [4] - However, Gold Bar's all-in sustaining cost per ounce was approximately CAD 2,200 due to accelerated stripping costs of CAD 7.5 million [4][6] Market Data and Key Metrics Changes - The company reported a positive outlook due to higher prices of gold, silver, and copper [3] - The 49% interest in the San Jose mine has resumed paying dividends, with expectations for more dividends throughout the year [4][18] Company Strategy and Development Direction - The company plans to use funds from a capped call convertible note to advance the development of the Fox Complex, aiming for consolidated annual production of 225,000 to 255,000 ounces by 2030 [3] - Exploration programs are ongoing at both the Fox Complex and Gold Bar, with positive results expected [8] - The company is focusing on balancing reinvestment in the San Jose mine with returning value to shareholders [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving production and cost per ounce for the remainder of the year [7] - The company anticipates that the feasibility study for Los Azules will enhance financials by capitalizing expenditures, which will improve the bottom line [31][32] - Management believes that higher gold prices will benefit the company significantly [38] Other Important Information - The company received a permit to construct a ramp to the underground at the Stock Mine, which is crucial for the Stock Complex expansion [8] - The company has spent over CAD 250 million on McEwen Copper since 2021, which could have been capitalized if the feasibility study had been completed earlier [34] Q&A Session Summary Question: How much cash or cash plus investments is held within the copper subsidiary? - The treasury for McEwen Copper is currently below GBP 10 million, and additional financing is expected as they move towards the feasibility study [11][12] Question: Is the $10 million enough to complete the feasibility study? - Additional runway will likely be needed to complete the feasibility study by July [12] Question: What is the status of dividends from San Jose? - Regular dialogue with Hochschild is ongoing, focusing on extending mine life while balancing reinvestment and shareholder returns [16][18] Question: What is the expected production timeline for the Stock Mine? - First production from the underground portion of the Stock Mine is anticipated in the last quarter of this year [20][22] Question: What is the timeframe and cost for bringing the Grey Fox mine back into production? - A study is underway to determine capital and operating costs, with a focus on permitting timelines [23][25][26]

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise) MONTREAL, May 06, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended March 31, 2025 ("Q1 2025"). Q1 2025 HIGHLIGHTS Operating, Financial and Corporate Updates: As of March 31, 2025, the Company had approximately $77.6 million in cash and cash equivalents. Approximately $35.7 million (US$25.0 millio ...

Financial Data and Key Metrics Changes - The company reported a net loss of $2,708,000 for Q1 2025, compared to a net loss of $1,073,000 for Q1 2024, indicating an increase in loss primarily due to the absence of a gain from equipment sales and increased Mt Todd expenses [7][8][10] - Cash on hand at the end of Q1 2025 was $15,000,000, down from $16,900,000 at the end of 2024, with no debt reported [11][12] Business Line Data and Key Metrics Changes - Total feasibility and other Mt Todd site costs in Q1 2025 were $1,688,000, with only $150,000 capitalized as development costs, resulting in a net expense of $1,538,000, which was $786,000 higher than Q1 2024 [9][10] Market Data and Key Metrics Changes - The Australian gold price is currently at record highs around $5,000 per ounce, positively impacting the company's profitability as most costs are incurred in Australian dollars [24] Company Strategy and Development Direction - The company is focused on completing the Mt Todd feasibility study by mid-2025, targeting a 60% reduction in capital costs to approximately $400,000,000, with anticipated gold production of 150,000 to 200,000 ounces per year [13][14][17] - The feasibility study aims to create a more financeable project with a smaller initial investment while preserving expansion opportunities [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the current gold cycle and the potential for increased investor interest in the Mt Todd project due to the reduced initial capital costs [22][25] - The feasibility study is expected to serve as a catalyst for value creation and is on schedule and budget [15][39] Other Important Information - The company achieved zero lost time accidents, maintaining a strong focus on safety and environmental stewardship [16] - Management emphasized the importance of compliance with ESG standards and proactive engagement with stakeholders [18][40] Q&A Session Summary Question: Increased interest in Vista and Mt Todd - Management noted renewed interest in the gold equities market driven by gold prices and highlighted strong institutional interest in the Mt Todd project due to reduced initial capital costs [22] Question: Impact of gold prices on profitability - Management confirmed that higher Australian gold prices positively affect profitability, as most costs are in Australian dollars, making the project more attractive [24] Question: Share price valuation concerns - Management acknowledged the disconnect between share price and resource value, attributing it to the high initial capital costs of previous project evaluations and the shift to a smaller scale project to enhance financeability [31][33]

ROUYN-NORANDA, Québec, May 01, 2025 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSXV in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) and GLOBEX MINING ENTERPRISES INC. (GMX–TSX, G1MN–Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTMzero, Düsseldorf, Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) are pleased to provide an update as reported by Cerrado Gold Inc. (TSX.V: CERT ...