Vancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) - Brett Richards, CEO and Executive Director of Pasofino Gold Limited, discusses the company's 100%-owned Dugbe Gold Project in Liberia, where an updated feasibility study and recent C$12 million financing are driving renewed momentum. With 3.9 million ounces of gold and strong local support, Richards outlines why Liberia remains one of Africa's most stable jurisdictions amid a ...

Core Insights - The current gold price has reached an unprecedented level of $4,312 per ounce, raising questions about its valuation and potential bubble status [3][4] - The ongoing bull run in gold prices is attributed to global instability and significant central bank purchases, which are driving demand and affecting supply dynamics [6][7][8] Group 1: Market Dynamics - Global instability, including political disruptions and wars, is a primary driver for the rising value of gold as the dollar weakens [6] - Central banks, particularly in the US, China, and India, are purchasing gold at record rates, focusing on kilo bars rather than smaller retail products [7][8] - The demand from central banks has led to a shift in minting practices, with mints prioritizing kilo bars over smaller denominations due to high demand [8] Group 2: Selling and Valuation - Consumers can expect to receive approximately 80-90% of the melt value when selling gold, depending on purity and weight [15][16] - The average class ring is currently valued around $500, while average bracelets can sell for about $750, and necklaces can reach values of $5,000 to $7,000 [48][49] - The purity of gold is crucial for determining its value, with common karat markings indicating the percentage of gold in the piece [19][21] Group 3: Selling Process and Consumer Guidance - The selling process involves contacting a reputable buyer, receiving an upfront estimate, and using a prepaid mailer for shipping the gold [52][54] - Consumers should ensure that the gold buyer uses state-licensed scales and industry-standard testing equipment to verify purity [32][33] - Transparency in pricing is essential; buyers should provide clear calculations based on purity, weight, and current gold prices [28][29] Group 4: Investment Considerations - The gold market is experiencing significant demand not only for jewelry but also for industrial uses, particularly in technology sectors like AI [57] - Investors are advised to consider the high current prices of gold and the potential for market fluctuations, similar to stocks and cryptocurrencies [60] - Physical gold is recommended for investment, as it holds intrinsic value compared to paper representations of gold [61]

Core Insights - The article discusses the current trends and developments in the mining industry, highlighting the impact of various factors on commodity prices and market dynamics [3]. Group 1: Industry Trends - The mining sector is experiencing fluctuations in commodity prices due to geopolitical tensions and supply chain disruptions [3]. - Increased demand for metals, particularly in the renewable energy sector, is driving growth in mining activities [3]. Group 2: Company Developments - Companies in the mining industry are adapting their strategies to address environmental concerns and regulatory changes [3]. - Investment in technology and innovation is becoming crucial for mining companies to enhance efficiency and reduce costs [3].

Core Viewpoint - A gold analyst predicts a significant bull run for mining stocks, with gold prices potentially reaching $4,000 per ounce, driven by current market conditions and mispricing of gold equities [1] Industry Overview - Gold mining stocks are experiencing gains alongside rising gold prices, with both large-cap and junior exploration companies benefiting from encouraging drill results [2] Company Developments - Lake Victoria Gold is advancing its Tembo Project in Tanzania, having cleared regulatory hurdles and secured mining licenses for the next 10 years, which allows for development planning and potential early-stage production [3][5][6] - The Tembo Project has seen $28 million invested in historical exploration, with over 50,000 meters of drilling identifying high-grade zones [4] - The Imwelo Project is positioned for near-term production, having received approval as a mining operation, which could generate early cash flow for the company [7] - Lake Victoria Gold has signed a non-binding gold prepay term sheet for up to 7,000 ounces, potentially providing $23 million in financing based on current gold prices [8] - The company has strengthened its board by adding Richard Reynolds, enhancing ties with regional stakeholders [9] - A previous deal with Barrick could yield up to $45 million in contingent payments tied to discoveries, providing additional upside without further investment [10] - Overall, Lake Victoria Gold is positioned as a notable junior gold developer in East Africa, with a focus on both immediate and long-term growth opportunities [11]