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Mundoro Reports Q3-2025 Financial Results and Provides Portfolio Update
Newsfile· 2025-12-01 11:00
Core Insights - Mundoro Capital Inc. reported its financial results for the nine-month periods ending September 30, 2025, and 2024, alongside updates on exploration activities in partnership with BHP and JOGMEC [1][4] Financial Highlights - The company raised approximately C$1,517,500 through a non-brokered private placement by issuing 5,836,540 common shares at C$0.26 each [3] - As of September 30, 2025, the company held C$4,241,082 in cash and cash equivalents [6] - Fee income for the nine months ended September 30, 2025, totaled C$1,107,464, a 10% increase from C$1,042,956 in the same period of 2024 [6] - Exploration expenditures decreased to C$4,885,987 in 2025 from C$5,980,712 in 2024, with net exploration costs of C$901,730 in 2025 compared to C$825,565 in 2024 [6] - The company recorded a net loss of C$952,269 for the nine months ended September 30, 2025, compared to a net loss of C$643,141 in 2024 [9] Exploration Activities - Mundoro entered into an option agreement with BHP for seven exploration licenses in Serbia, allowing BHP to earn 100% ownership by funding US$35 million in exploration expenditures over ten years [5] - Drilling commenced at the Trstenik project, with a current depth of 441.6 meters out of a targeted 900 meters [5][13] - The company is advancing commercialization discussions for the Dos Cabezos Project in Arizona, with due diligence facilitated through a data room and site visits [5][16] - A generative program is underway to evaluate additional prospective metallogenic belts in the Western USA [21] Future Plans - The company plans to integrate drill results with new geophysical data to refine drill targets for the upcoming quarters [9][12] - A comprehensive 3D model for the Southern Targets is expected to be completed, enhancing the understanding of the mineralized system [12] - The company aims to finalize a drilling proposal for the South Timok Project Area in Q4-2025, detailing target sequencing and total meterage for the campaign [13][22]
Sixty North Gold Announces Closing of Second Tranche of Unit Offering
Newsfile· 2025-11-26 22:05
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to report that further to its news releases of October 21, 2025 and November 17, 2025 regarding its unit offering (the "Offering"), the Company has now closed the second and final tranche of that Offering consisting of 8,904,320 units for gross proceeds of $979,475.20. The total gross proceeds from both tranches of the Of ...
REMINDER -- QGold Initiates Preliminary Economic Assessment of its Recently Acquired Quartz Mountain Gold Project in Oregon from Alamos Gold
Globenewswire· 2025-11-25 12:30
Core Insights - Q-Gold Resources Ltd. has signed an agreement with Kappes, Cassiday & Associates to initiate a preliminary economic assessment (PEA) for the Quartz Mountain Gold Project in Oregon, USA [1][2] - The PEA will evaluate the project's economic potential, including mining methods, processing options, capital and operating costs, and projected financial returns [3] - The Quartz Mountain Gold Project has an estimated mineral resource of 1,543,000 ounces of gold at a grade of 0.96 g/t and 2,049,000 ounces of silver at a grade of 1.27 g/t [5] Company Developments - The engagement of KCA, along with a recently completed NI 43-101 technical report, positions Q-Gold to unlock significant shareholder value from the Quartz Mountain Gold Project [2] - The project was acquired from Alamos Gold in Q3 2025 and is located in a historically proven mining district [2][4] - The results of the PEA are expected in the coming months and will serve as a foundation for future technical studies and permitting activities [4] Strategic Positioning - The project benefits from its favorable location, established infrastructure, and solid mineral resource base, with gold being designated as a strategic asset in the USA [4] - Q-Gold is focused on advancing its portfolio of gold and silver assets toward production, with primary emphasis on the Quartz Mountain Gold Project and the Mine Centre Gold Project in Ontario, Canada [9]
Northern Lights Resources Announces Corporate Update
Thenewswire· 2025-11-25 12:00
Core Points - Northern Lights Resources Corp. has decided not to proceed with the sale of its interest in the Secret Pass Gold Project, which was initially announced on June 19, 2025 [1] - The CEO, Luka Capin, highlighted that the company has experienced a significant increase in both gold prices and its share price since discussions began for the sale, leading to the decision to retain 100% ownership of the Secret Pass Gold Project [2] - The company plans to develop an updated exploration plan for the high-grade Secret Pass Gold Project [2] Company Overview - Northern Lights Resources Corp. is focused on growth through exploration and development, managing three key projects: the Horetzky Copper Project, the Pup Copper Project, and the 100% owned Secret Pass Gold Project [6] - The Secret Pass Gold Project is located in Arizona's Oatman-Katherine gold district, which is the third-largest gold-producing area in Arizona, with historical production of over two million ounces of gold and one million ounces of silver from 1870 to 1980 [7] - Historical drilling at the Secret Pass Gold Project has shown promising results, with intersections of up to 13.6 g/t Au over 36.0 meters [7]
American Pacific Stakes Essential Open Ground within the Greater Madison Claim Block
Newsfile· 2025-11-20 12:00
Core Viewpoint - American Pacific Mining Corp. has successfully amended and staked nine new claims at its Madison Copper-Gold Project, enhancing its land control rights adjacent to historic mines and positioning the company for potential mineral discoveries [1][2][3]. Group 1: Claims and Strategic Importance - The newly staked claims cover approximately 100 acres and are strategically located near the Green Campbell gold-silver mine and Hudson and Broadway gold mines, which are significant for their historical production [2][3]. - The claims are situated along the Hudson Fault, a key geological structure known for gold and copper mineralization, providing American Pacific with a valuable opportunity for exploration [2][3]. Group 2: Historical Context and Production Potential - The Madison Project previously produced 2.7 million pounds of copper at high grades (20-35% copper) until production ceased in 2012 [7]. - Recent drilling results from the Madison Project have shown promising intersections, including 30.18 meters of 24.50 g/t gold and 0.39% copper, indicating the area's potential for high-grade mineralization [7]. - The nearby Broadway/Hudson Mines have reported total production of approximately 147,000 ounces of gold at an average grade of 9.9 g/t, further supporting the mineralization potential in the region [7]. Group 3: Company Overview - American Pacific Mining Corp. is focused on precious and base metals exploration and development in the Western United States, with the Madison Project being its flagship asset [8]. - The company has been recognized as a finalist for 'Deal of the Year' at the S&P Global Platts Metals Awards in both 2021 and 2022, highlighting its achievements in the mining sector [8].
Sixty North Gold Announces Project Financing to Restart Operations at the High-Grade Mon Gold Mine
Newsfile· 2025-11-18 14:35
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to report that on November 17, 2025 it signed a binding commitment letter from Vesta Wealth Partners Ltd. ("Vesta"), an independent investment firm, on behalf of certain accounts and funds managed by it as investment advisor or investment manager, to provide the Company with a $3,600,000 term loan (the "Loan") to fund dev ...
Sixty North Gold to Close Second and Final Tranche of Unit Offering
Newsfile· 2025-11-17 22:05
Core Points - Sixty North Gold Mining Ltd. is closing the second and final tranche of its offering, consisting of 8,904,320 units for gross proceeds of $979,475.20, bringing total gross proceeds to $1,649,969.20 [1][4] - Each unit is priced at $0.11 and includes one common share and one non-transferable common share purchase warrant, exercisable at $0.15 for 24 months [2] - Finder's fees of $76,758 in cash and 697,800 finder's warrants were paid on portions of the second tranche [3] Financial Details - The total gross proceeds from both tranches of the offering amount to $1,649,969.20 [1] - The net proceeds will be allocated for exploration and development of the Mon Gold Property and general working capital [4] Company Overview - Sixty North Gold is developing mining operations at its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore, recovering an estimated 15,000 ounces of gold [5] - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in various zones to support a 100 tpd gravity-flotation mill [5] - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 gpt gold or better [6]
NorthWest Announces Significant Intercept of 36.0 Metres Grading 0.80% Copper and 3.21g/T Gold (3.67% CuEq) at Kwanika From 285 Metres
Globenewswire· 2025-11-12 11:45
Core Viewpoint - NorthWest Copper Corp. has reported exceptional assay results from its Kwanika project, particularly from drill hole K-25-280, which intersected high-grade copper-gold zones, indicating strong potential for enhanced economic assessments in future evaluations [1][2]. Drill Results - Drill hole K-25-280 intersected significant mineralization, including 36 metres grading 0.80% Cu and 3.21 g/t Au (3.67% CuEq) in the Central Zone, marking the best result of the 2025 drilling program to date [1][3]. - The Pit Zone showed 66 metres of 0.48% Cu and 0.16 g/t Au (0.64% CuEq), with notable intervals including 30 metres of 0.55% Cu and 0.22 g/t Au (0.77% CuEq) [3][12]. Exploration Program - The 2025 drilling program encompasses 6,435 metres aimed at defining higher-grade zones, focusing on underground targets with grades 150% - 250% higher than those in the 2023 Preliminary Economic Assessment (PEA) [4][6]. - Results from the first four holes have met or exceeded expectations, suggesting potential improvements in the economics of the 2023 PEA [4][7]. Geological Insights - The Central Zone has shown a combined true width estimate of 52 metres with grades exceeding the targeted range of 1.5-2.5 times the current underground mineral resource [5][14]. - The exploration has revealed consistent metal zonation, with higher gold grades towards the western limit of the Central Zone, which may enhance the project's potential [5][14]. Future Outlook - The company anticipates releasing additional results from the remaining fourteen holes in the coming weeks, which could further validate the exploration strategy and enhance resource estimates [4][7]. - Metallurgical test work results are expected soon, aimed at improving copper and gold recoveries, which could strengthen the next PEA scheduled for mid-2026 [2][4].
Questcorp secures initial investment from Sorbie Bornholm
Yahoo Finance· 2025-11-11 14:25
Questcorp Mining has secured an initial investment from Sorbie Bornholm, a UK-based institutional investor. The funding of C$2m ($1.42m) will support ongoing work at the company’s flagship projects and provide general working capital. Questcorp Mining president and CEO Saf Dhillon said: "We are incredibly pleased to have secured this strategic investment from Sorbie Bornholm, a respected international institutional investor. This financing provides us with the flexibility to accelerate exploration across ...
Barrick(GOLD) - 2025 Q3 - Earnings Call Presentation
2025-11-10 16:00
Financial Performance - Net earnings per share increased by 171% year-on-year to $0.76[13] - Attributable EBITDA increased by 57% year-on-year to $2.02 billion[13] - Free cash flow increased significantly by 233% year-on-year to $1.5 billion[13] - Operating cash flow increased by 105% year-on-year to $2.4 billion[13] - Revenues increased 13% from Q2 2025 and 23% from Q3 2024, reaching $4.1 billion[24] Production and Costs - Gold production was 829,000 ounces in Q3 2025, a 4% increase compared to Q2 2025 but a 12% decrease compared to Q3 2024[20] - Gold AISC decreased by 9% from Q2 2025 to $1,538/oz[20] - Copper production was 55,000 tonnes in Q3 2025, a 7% decrease compared to Q2 2025 but a 15% increase compared to Q3 2024[20] - Copper AISC increased by 8% from Q2 2025 to $3.14/lb[20] Capital Allocation - The quarterly dividend was $0.175 per share[13] - Share buybacks in Q3 2025 amounted to $589 million[13] - Non-core asset sales year-to-date reached $2.6 billion[13]