Core Viewpoint - The gold market is experiencing record margins due to high prices, leading to aggressive drilling and expansion efforts by companies like Lake Victoria Gold and others in the industry [1][2]. Company Developments - Lake Victoria Gold is advancing two high-grade projects in Tanzania's Lake Victoria Goldfields, with the first analytical results from a 4,000-meter drill program at the Imwelo Gold Project [3]. - The Area C of the Imwelo project has an average grade of 3.7 g/t gold, with mineralization extending beyond the current open-pit design, validating potential for larger pit and future underground mining [4][5]. - The company has mobilized a second drill rig to accelerate drilling at Area C, expecting steady assay updates through year-end [6]. - Lake Victoria Gold is also pursuing a dual-track strategy at the Imwelo and nearby Tembo Project, with recent financing of $8 million to support work programs [7]. - The company has secured critical regulatory milestones, including an agreement with the Government of Tanzania, positioning it for first production within 12 months of construction [8]. Industry Context - Gold prices are projected to reach between $4,500 and $5,000 in 2026, driven by central banks' elevated purchasing and a potential supply deficit [2]. - Other companies in the industry, such as TRX Gold Corporation and Monument Mining Limited, are also reporting strong results and expanding their operations, indicating a robust exploration environment [9][12].

TORONTO, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) (“Allied” or the “Company”) is pleased to provide an update on the ongoing exploration and development activities at its Kurmuk mine in western Ethiopia, highlighting the scale and continuity of mineralized systems within its highly prospective gold camp and the growth potential and optionality of the Company’s flagship development asset. This is the second of three planned exploration updates, with a further release ...

Financial Performance - Record revenue of $1,647 million was achieved in FY25[28] - Record EBITDA of $780 million was achieved in FY25, with a margin of 47%[28, 34] - Record operating cash flow of $821 million was achieved in FY25[28, 34] - Record net profit after tax (NPAT) increased to $254 million in FY25[28, 34] - Cash and bullion reached a record of $517 million[28, 46] Production and Costs - Gold sales amounted to $1,647 million from 375,000 ounces of gold sold at an average price of $4,387 per ounce[46] - Gold production was 373,000 ounces at an All-in Sustaining Cost (AISC) of $2,531 per ounce[34, 46] - FY26 production guidance is 350,000-380,000 ounces at an AISC of $2,610 - $2,990 per ounce, including $170 per ounce of non-cash stockpile draw[46] Reserves and Resources - Total Mineral Resources are 7.5 million ounces[21] - Total Ore Reserves are 1.7 million ounces[21] - Duketon FY26 production guidance is 220,000 - 240,000 ounces, and AISC guidance is $2,790 - $3,200 per ounce[21] - Tropicana FY26 production guidance is 130,000 - 140,000 ounces, and AISC guidance is $2,240 – $2,560 per ounce[21] McPhillamys Project - McPhillamys has a Mineral Resource of 2.7 million ounces[21, 123] - $10-20 million is allocated for McPhillamys in FY26[51, 119]

Company Overview - Vault Minerals has a strong financial position with A$686 million in cash and no debt as of June 30, 2025 [11] - The company's market capitalization is A$2,585 million based on a share price of A$038 as of July 30, 2025, with 6,802 million shares on issue [13] - Vault Minerals FY25 production was 381koz at an AISC of A$2,422/oz [13] Operations and Growth - The company is undertaking a King of the Hills (KoTH) plant expansion targeting a ~20% increase in peak production relative to FY25 [11, 28] - Vault Minerals plans to double resource definition drilling in Leonora with over 100,000m planned for FY26, a greater than 100% increase on FY25 [11, 22] - The Leonora Stage 1 plant expansion is expected to be online by June 2026, with a capacity of 6Mtpa [19] - The Leonora Stage 2 plant expansion is expected to be online in FY28+, with a capacity of 75Mtpa [19] Hedging and Financials - The company's hedge book was reduced to 132,504 ounces at A$2,876 per ounce as of June 30, 2025 [24] - 41% of FY25 sales, or 158,684 ounces, were delivered into the hedge book at an average price of A$2,680/oz [24] - 92% of the remaining hedges are to be delivered in FY26 and completed in Q1 FY27, leading to increased exposure to spot gold pricing [24] Resources and Reserves - The company has total Mineral Resources of +127 Moz Au [17] - The company has total Ore Reserves of +39 Moz Au [17]