VANCOUVER, British Columbia, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Precore Gold Corp. (CSE: PRCG) (the “Company” or “Precore Gold”) is pleased to announce the kick-off of a brownfield exploration program following a recent site visit to the Company’s flagship, the Arikepay Project (“Arikepay”), located in the prolific mining region of Arequipa, Southern Peru. Image 1. Map of Arikepay Project located among major deposits/mines in Southern Peru. Following the field review of the property’s historical drill resul ...

Core Viewpoint - Serabi Gold plc reported strong production results for Q2 2025, achieving the highest quarterly output since operations resumed in 2013, with a total of 10,532 ounces of gold produced, marking a 17% increase compared to Q2 2024 [3][4][7]. Production Highlights - Total gold production for the year-to-date (YTD) reached 20,545 ounces, slightly above budget and on track with guidance [3][7]. - The Palito plant feed grades improved by 27% year-to-date compared to the 2024 average, while Coringa's grades improved by 12% [4]. - The company completed over 3,850 meters of horizontal development in Q2 2025, a 10% increase from Q1 2025, marking the highest quarterly development since operations began [7][15]. Financial Performance - Cash balance as of June 30, 2025, was $30.4 million, up from $26.5 million at the end of Q1 2025, with a net cash balance of $24.6 million after liabilities [7][16]. - The company remains on track to achieve its 2025 consolidated production guidance of 44,000 to 47,000 ounces of gold [17]. Exploration and Development - Initial results from brownfield exploration at the Palito Complex, Coringa Mine, and São Domingos target showed promising grades, with several drill holes reporting high gold concentrations [10][7]. - The company is targeting approximately 30,000 meters of drilling this year, with two rigs operating at both Palito and Coringa [10]. Operational Insights - The Coringa mine has shown strong performance, with production from both the Serra and Meio zones, and development activities are ongoing [6][15]. - The Palito Complex has seen significant grade improvements, with mined grades averaging approximately 6.19 g/t gold year-to-date compared to 4.86 g/t in 2024 [9].

Core Viewpoint - Serabi Gold plc reported strong production results for Q2 2025, achieving the highest quarterly output since operations resumed in 2013, with a total of 10,532 ounces of gold produced, marking a 17% increase compared to Q2 2024 [3][4][7]. Production Highlights - Total gold production for the year-to-date reached 20,545 ounces, slightly above budget and on track with guidance [3][4]. - The company achieved a 10% improvement in development rates compared to Q1 2025 [3]. - The Palito plant feed grades improved by 27% year-to-date compared to the 2024 average, while Coringa plant feed grades improved by 12% [4]. Operational Performance - The Coringa ore sorter has been operational for six months, allowing the company to process low-grade ore stockpiles while transporting higher-grade ore directly to the Palito plant [5]. - The Serra zone at Coringa has been in operation for four years, with ongoing development and production from multiple levels [6]. - The second quarter saw further development into the Meio zone at Coringa, with stoping just commencing [6]. Financial Update - Cash balances at the end of June 2025 were $30.4 million, up from $26.5 million at the end of Q1 2025 [7][13]. - The net cash balance at the end of Q2 2025 was $24.6 million, an increase from $21.1 million at the end of Q1 2025 [7][13]. Exploration and Growth Strategy - The company is targeting 30,000 meters of drilling this year as part of its brownfield exploration program, with encouraging initial results from various ore bodies [9]. - The goal is to increase the current mineral resource inventory to between 1.5 million ounces and 2.0 million ounces [9]. - Significant contributions to production are expected from the G3 vein at Palito from 2025 to 2027 [8]. Production Guidance - Serabi Gold remains on track to achieve its 2025 consolidated production guidance of 44,000 to 47,000 ounces of gold [14].