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Revival Gold Intersects 1.4 g/T Oxide Gold Over 44.2 Meters in Shallow Drilling and Extends Mineralization at Mercur
Globenewswire· 2025-11-17 12:30
TORONTO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide further results from ongoing drilling at the Company’s Mercur Gold Project (“Mercur”) in Utah. Highlights Received assay results from eleven drill holes with the following highlight intersections: 1.4 g/T gold over 44.2 meters width in RM25-1171.0 g/T gold over 24.4 meters width in RM25-1201.7 g/T gold over 12.9 meters width in RMC25-0170.9 g/T gold over 24.4 meters ...
Q3 2025 Financial Results
Globenewswire· 2025-11-14 07:00
Core Viewpoint - Amaroq Ltd. has reported significant progress in its operations and financial performance for Q3 2025, highlighting a successful transition to owner-operated mining at the Nalunaq gold mine and the discovery of strategic minerals in Greenland [2][3][5]. Financial Results - Total revenue for Q3 2025 reached C$12.8 million, a substantial increase from C$0 million in 2024, driven by gold sales of 2,636 ounces [9]. - The company produced 4,347 ounces of gold and sold 3,360 ounces in the first three quarters, generating gross proceeds of C$16.3 million [9]. - Gross profit was reported at C$5.9 million, while the operating loss stood at C$3.8 million, primarily due to general and administrative expenses and exploration costs [9][14]. - As of September 30, 2025, the company had liquidity of C$45.4 million, with cash balances of C$55.3 million and an undrawn credit facility of C$8.9 million [9][15]. Operational Highlights - Gold production reached approximately 5,000 ounces by October 2025, aligning with revised production guidance, with expectations for full-year production to be between 6,000 to 7,000 ounces [3][16]. - The transition to a fully owner-operated mining model at Nalunaq was completed, enhancing operational efficiency and cost control [12]. - The company is on track to achieve a milling capacity of 300 tonnes per day by year-end 2025, following the commissioning of the processing plant [12][16]. Strategic Developments - Amaroq has made significant discoveries of rare earth elements and copper-gold deposits near the Nalunaq mine, which are expected to enhance the company's strategic minerals portfolio [5]. - The re-assays from the Black Angel mine confirmed high-grade resources of zinc, lead, and silver, along with commercial levels of germanium and gallium, which are critical minerals [5][13]. - The company is advancing its exploration projects, with a focus on the Nanoq and Nalunaq resource areas, and expects results from the 2025 gold exploration program by year-end [6][12]. Future Outlook - The company anticipates completing all construction and commissioning activities at Nalunaq by Q2 2026, with a robust project pipeline expected to deliver value-enhancing opportunities [6][16]. - Amaroq is well-positioned for 2026, supported by positive cash flow from ongoing production operations and a strong financial outlook [6].
i-80 Gold (IAUX) - 2025 Q3 - Earnings Call Transcript
2025-11-13 16:02
i-80 Gold (NYSEAM:IAUX) Q3 2025 Earnings Call November 13, 2025 10:00 AM ET Company ParticipantsRichard Young - CEORyan Snow - CFOPaul Chawrun - COOConference Call ParticipantsDon DeMarco - Equity Research AnalystOmeet Singh - AnalystOperatorHello, and thank you for joining us for i-80 Gold's 2025 third quarter conference call and webcast. Today's company presenters include Richard Young, President and Chief Executive Officer of i-80 Gold, Paul Chawrun, COO, and Ryan Snow, CFO. Before we continue, please no ...
Far East Gold clears environmental hurdle at Idenburg - ICYMI
Proactiveinvestors NA· 2025-11-07 07:13
Core Viewpoint - Far East Gold Ltd has secured PIPPIB approval for 9,000 hectares at its Idenburg project in Indonesia, which allows the company to proceed with environmental permitting, operational licensing, and mine development, effectively removing major regulatory barriers for the project [1][5][6]. Regulatory Approval - The PIPPIB approval reclassifies the area from forestry to production forestry, providing regulatory certainty and a clear development pathway for the Idenburg project [2][5][6]. - This approval transforms Idenburg from an exploration asset into a project ready for development, following a successful model used at the Woyla project [2][6]. Drilling Activities - The company is continuing drilling at both North Anak Perak and Anak Perak, with North Anak Perak already returning high-grade intercepts and more results expected soon [3][7]. - Nearly 300,000 ounces of the total 540,000-ounce resource are located in the Anak Perak area, and the company is gathering new assay data, anticipating a steady flow of positive news [3][8].
Meridian Mining Announces Cabacal's Preliminary Licence Approval by Mato Grosso's CONSEMA Council Meeting
Newsfile· 2025-10-30 10:30
Core Insights - Meridian Mining UK S has received unanimous approval for the Preliminary Licence (PL) of the Cabaçal Au-Cu-Ag project from CONSEMA, the Environmental Council for the State of Mato Grosso, following a positive technical opinion from SEMA based on the Environmental Impact Assessment [2][4][8] Licensing and Regulatory Progress - The formal issuance of the Preliminary Licence is underway, with SEMA responsible for publishing the approval in the State of Mato Grosso gazette [3] - The PL is the first of three permitting stages required for the Cabaçal project, with the next step being the Installation License, which will allow construction activities to commence [5] Project Economic Viability - The Cabaçal project has a base case after-tax NPV5 of USD 984 million and an IRR of 61.2%, based on a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months [7] - The project has a low All-in-Sustaining-Cost of USD 742 per ounce of gold equivalent and a production profile of 141,000 ounces of gold equivalent over its life [7] Technical and Environmental Aspects - The technical aspects, environmental feasibility, and social acceptance of the Cabaçal project have been affirmed, contributing to the positive response from CONSEMA [4][8] - The Cabaçal Mineral Reserve estimate includes Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper, and 1.64g/t silver [10]
Rise Gold Closes US$7,000,000 Financing
Newsfile· 2025-10-24 20:34
Core Points - Rise Gold Corp. has successfully closed a non-brokered private placement, raising a total of US$7,000,000 through the sale of 28,000,000 units at a price of US$0.25 per unit [2][3] - Each unit consists of one share of common stock and one common share purchase warrant, with the warrant allowing the purchase of an additional share at US$0.45 until October 24, 2028 [2][3] - The funds raised will be used for general working capital, legal expenses, and technical work related to the Idaho-Maryland-Brunswick Mine [8] Financing Details - The financing involved a total of 28,000,000 units sold at US$0.25 per unit, resulting in US$7,000,000 raised [2] - Finder's fees of US$1,500 were paid, and 6,000 finder's warrants were issued, each allowing the purchase of one share at US$0.45 until October 24, 2028 [3] - Significant investments came from Abdiel Capital Advisors (US$3.6 million), Equinox Partners (US$1.4 million), and Myrmikan Gold Fund (US$250,000) [6] Mine Background - The Idaho-Maryland Mine produced 2.4 million ounces of gold at a mill grade of 17 grams per tonne from the 1860s to 1956 [4] - An Environmental Impact Report published in 2023 concluded that the environmental impacts of the proposed project could be mitigated to a "less than significant" effect, with minor exceptions [4] Legal Context - The County Supervisors denied Rise's permit application, leading to a writ of mandamus filed against the County, with a decision expected in the first quarter of 2026 [5] - If the court rejects the writ, the County will owe just compensation for the mineral estate, estimated by management to be at least US$400 million based on comparable mines [5] Related Party Transactions - Directors and officers of Rise Gold purchased a total of 1,080,000 units for gross proceeds of US$270,000, which constitutes a related party transaction [7] - The participation of related parties is exempt from formal valuation and minority approval requirements under MI 61-101 due to the extent of their participation being less than 25% of the company's market capitalization [7]
G Mining starts construction of Oko West gold project in Guyana
Yahoo Finance· 2025-10-24 09:11
Core Insights - G Mining Ventures (GMIN) has commenced construction of the Oko West gold project in Guyana, with an investment of $973 million and first gold production expected in 2027 [1][3] - The project has achieved significant milestones in permitting and financing, with early construction activities on schedule and detailed engineering 36% complete [1][2] Financial Overview - Total commitments for the project construction have reached $334 million, representing 33% of the total initial capital budget of $973 million [2][4] - As of September 30, 2025, the project has incurred $110 million in spending, along with an additional $46 million in prepayments, totaling $156 million in expenditures [3] Workforce and Location - The project employs a workforce of 710, consisting of 520 employees and 190 contractors, with over 80% being Guyanese nationals [4] - The Oko West project is located south of the historical Oko gold district, approximately 95 km west of Georgetown, covering an area of around 44 km² [4] Strategic Goals - GMIN aims to evolve into an intermediate gold producer, with the Oko West project being a cornerstone of its growth strategy [2][3] - The company is also focused on acquiring and developing precious metal projects, exemplified by its agreement to acquire the CentroGold Project in Brazil's Gurupi Gold Belt [5]
Perpetua commences early construction at Stibnite gold project in Idaho
Yahoo Finance· 2025-10-22 10:45
Core Insights - Perpetua Resources has commenced early works construction at the Stibnite gold project in Idaho after securing $139 million in financial assurance and receiving necessary approvals from the US Forest Service [1][4]. Project Development - The Stibnite gold project has undergone a nine-year permitting process, with the final record of decision received in January 2025, allowing construction to officially start [3][4]. - The project is positioned as a strategic response to China's antimony export bans, aiming to provide critical resources while restoring an abandoned mine site [2][5]. Financial Aspects - Perpetua Resources posted the required financial assurance on October 17, 2025, through cash reserves, with plans for alternative non-cash financial assurance measures as part of the full financing package [4][6]. - The project is seeking $2 billion in debt financing, with final board consideration expected in spring 2026 [6]. Resource Estimates - The Stibnite gold project is estimated to contain 4.8 million ounces of gold reserves and is expected to yield approximately 450,000 ounces of gold annually during its first four years of operation [4][5]. Employment and Environmental Impact - The construction phase is projected to create over 950 direct jobs, with more than 550 direct jobs anticipated during the operational phase [5]. - The project also aims to remediate environmental damage, restore fish habitats, and reconnect native spawning grounds at the historical mine site [5].
Cerrado Gold Announces Q3 2025 Production Results at Its Minera Don Nicolas Mine in Argentina
Globenewswire· 2025-10-20 10:01
Core Viewpoint - Cerrado Gold Inc. reported a 21% increase in gold equivalent ounce (GEO) production for Q3 2025 compared to the previous quarter, driven by enhanced operations at the Calandrias Sur heap leach site and ongoing underground development at the Minera Don Nicolas Mine [3][9]. Q3 Operating Highlights - Q3 2025 production reached 13,868 GEO, up from 11,437 GEO in Q2 2025, marking a 21% increase [9]. - Heap leach production grew by 33% to a record 10,465 GEO due to expanded crushing capacity and improved recoveries [9]. - The completion of the second phase of the crushing expansion led to improved tonnage and recoveries [3]. - The underground development is progressing, with three access portals developed, expected to reach production stopes in Q4 2025 [5][9]. - The company revised its 2025 production guidance from 55,000-60,000 GEO to 50,000-55,000 GEO due to delays in underground development [6][8]. Exploration and Development Updates - The exploration program at Minera Don Nicolas is expanding, with an additional 50,000 meters planned for 2026, supplementing the existing 20,000 meters for 2025 [8][12]. - Promising results have been observed in the central Paloma area, indicating potential resource expansion [12]. - Development activities are ongoing at the Lagoa Salgada and Mont Sorcier projects, with feasibility studies targeted for completion in Q4 2025 and Q2 2026, respectively [14][15]. Corporate Activities - Joao Barros has been appointed as President, Europe, and Carl Calandra as Corporate Secretary [20]. - The company engaged Hybrid Financial Ltd. for strategic marketing and investor relations services to enhance its investor profile [21]. - Cerrado issued 200,000 deferred share units and 20,000 restricted share units under its incentive plan [22]. Financial Performance - The average realized price per gold ounce sold increased to $3,153 in Q3 2025 [18]. - The company continues to optimize operations at its Minera Don Nicolas and Las Calandrias projects, aiming to maximize asset value [24][25].
Operational update
Globenewswire· 2025-10-07 06:00
Core Viewpoint - Amaroq Ltd. reports significant operational improvements at its Nalunaq gold mine, with production exceeding expectations and a successful 2025 exploration program underway [2][3]. Operations Update - The commissioning of the processing plant and ramp-up of mining operations at Nalunaq have shown steady improvements through Q3 2025 [5]. - Gold production as of October 7, 2025, has reached approximately 5,000 ounces, aligning with the company's revised full-year 2025 production guidance [5]. - A planned shutdown for commissioning activities is expected to start in the third week of October 2025, lasting about four weeks, after which the gravity circuit will be fully automated [5]. - The company aims to achieve a nameplate throughput of 300 tons per day by the end of 2025 [5]. Exploration Program - The 2025 exploration program has been completed, identifying resource upside with assay results pending [4]. - Surface drilling at the South Deep Zone has been completed, providing growth potential for the next Mineral Resource Update scheduled for Q1 2026 [5]. - Underground drilling between the 725 and 790 levels has been completed, with continuous definition drilling planned from the 800 level upwards [5]. - A 4,804-meter drilling program at Nanoq was completed on schedule, with initial assay results expected in Q4 2025 [5]. Strategic Initiatives - Satellite gold exploration around Nalunaq, along with copper and critical metals programs, has been completed, with assays pending [5]. - Strategic site visits to the Black Angel and Kangerluarsuk projects have been conducted to assess logistics and development pathways [5].