Aura Minerals has completed the acquisition of the Mineração Serra Grande (MSG) gold mine in Crixás, Goiás, Brazil, from AngloGold Ashanti. The transaction was finalised through Aura’s wholly owned subsidiary. Aura paid AngloGold Ashanti an upfront cash consideration of $72.8m at closing, based on an agreed enterprise value of $76m, adjusted for customary items as outlined in the share purchase agreement. In addition, Aura will make deferred consideration payments equivalent to a 3% net smelter returns ...

Core Insights - TRX Gold Corporation reported record production and financial results for Q4 2025, achieving 6,404 ounces of gold poured and 6,977 ounces sold at an average realized price of $3,363 per ounce, leading to revenue of $23.5 million and gross profit of $12.6 million [2][3] Financial Performance - In Q4 2025, the company recognized revenue of $23.5 million, gross profit of $12.6 million (54% margin), and Adjusted EBITDA of $12.7 million (54% margin), all reflecting significant increases compared to Q4 2024 [2][3] - For the fiscal year ended August 31, 2025, TRX Gold poured 18,935 ounces of gold and sold 19,213 ounces at an average realized price of $3,033 per ounce, resulting in record revenue of $57.6 million and net income of $6.6 million [3][21] Working Capital and Financial Health - The company's working capital position improved significantly, with the current ratio rising to approximately 1.3 at August 31, 2025, from 0.8 at May 31, 2025 [3] - TRX Gold fully repaid its short-term borrowings of approximately $3.0 million in Q4 2025 and has full access to its liquidity lines [3] Growth Potential and Expansion Plans - The Preliminary Economic Assessment (PEA) for the Buckreef Gold expansion outlined a long-life, scalable asset with a pre-tax NPV5% of $1.9 billion at a gold price of $4,000 per ounce [2][3] - The company is executing plans for a larger processing facility than initially contemplated in the PEA, which is expected to produce average annual gold production exceeding 62,000 ounces [4][6] Exploration and New Discoveries - TRX Gold announced the discovery of a new high-grade zone, the Stamford Bridge Zone, with significant drill results, including 37 meters at 6.86 g/t Au [7] - The company plans to substantially increase exploration drilling in fiscal 2026, focusing on high-priority gold zones [7][10] Capital Expenditures and Future Outlook - Total capital expenditures for fiscal 2026 are expected to be in the range of $15 - $20 million, focusing on plant upgrades and expansion [10] - Exploration expenditures are projected to be between $3 - $5 million, including a geophysics survey and drilling on various zones [10]

Core Viewpoint - Barrick Mining's Board of Directors has authorized management to explore an initial public offering (IPO) for a new subsidiary, NewCo, which will hold the company's premier North American gold assets [1][2] Group 1: IPO Exploration - NewCo will be linked to Barrick's joint venture interests in Nevada Gold Mines and Pueblo Viejo, along with its fully owned Fourmile gold discovery in Nevada [1] - The plan envisions listing NewCo through an IPO of a small minority stake, while Barrick would retain a significant controlling majority interest in NewCo post-IPO [2][5] - The board has authorized management to explore this potential value creation measure through early next year [4] Group 2: Strategic Focus - Barrick's actions align with the board's ongoing operational review and commitment to maximizing shareholder value across its portfolio, particularly focusing on North America [2] - The company aims to provide new and existing shareholders with more options around jurisdiction in a pure gold company with growth potential [4] Group 3: Operational Insights - Barrick's gold operations in Nevada and the Dominican Republic are highlighted as among the best globally, with the Fourmile project being one of the century's most significant gold discoveries [3] - The company is focused on driving improved performance and shareholder value with the right teams in place to deliver on commitments [3] Group 4: Market Updates - Barrick will update the market on its progress regarding the IPO during its full year 2025 results, scheduled for release in February next year [5] - Any decision to proceed with the IPO will depend on Board approval, fulfillment of customary requirements, and prevailing market conditions [5] Group 5: Recent Developments - Last month, Barrick completed the sale of the Hemlo Gold Mine in Canada to Carcetti Capital, which plans to rename the asset Hemlo Mining Corporation [6] - Barrick signed an agreement with the Government of Mali to resolve disputes associated with the Loulo and Gounkoto mines, marking a significant development in the Barrick-Mali mining dispute resolution [6]

The company forecasts an exploration expenditure of around $540 million and expects less than $40 per ounce discovery costs. ...

Core Insights - Significant mineralized sections have been intercepted in drill holes N2-25-003 and N2-25-008, located in the "A" and "RJ" zones [1] - The current drilling campaign at N2 marks the first since 2008, when Agnico conducted drilling in the "RJ" Zone, which previously identified high-grade intercepts of up to 51 g/t Au over 0.8 metres [1]

ENDEAVOUR TARGETS DISCOVERY OF 12-15 MILLION OUNCES OF RESOURCES OVER THE NEXT 5 YEARS HIGHLIGHTS: Endeavour’s new exploration outlook is targeting the discovery of 12 - 15Moz of mineral resources over the five-year period from 2026 – 2030, at an average discovery cost of less than $40/oz. Near-mine brownfield exploration aims to maintain and extend mine lives beyond a 10-year target, through the targeted discovery of 6 - 9Moz of mineral resources.Greenfield exploration targets the discovery of 6Moz of min ...

Investment Rating - The report maintains a medium-term bullish outlook on gold, with a neutral short-term stance due to lower liquidity as the year ends [1][3]. Core Insights - The consensus view on long gold positions is at an all-time high, with significant participation from hedge funds and central banks [1][3]. - The structural investment case for gold is supported by persistent fiscal deficits, geopolitical uncertainty, and ongoing central bank demand, with projections for gold prices to exceed $5,000/oz by Q4 2026 [1][4]. - The report highlights a strong performance of gold, with a year-to-date increase of 59%, significantly outperforming the ASX200, which rose by 6% [3]. Summary by Sections Gold Price Drivers - Key drivers for gold prices include geopolitical tensions, de-dollarization, widening government deficits, and the Federal Reserve's shift towards rate cuts [3]. - Physical demand for gold remains robust, particularly in Asian markets, with demand peaking in October despite high prices [3]. Market Participation - The breadth of market participants in gold has been unprecedented, with central banks, asset managers, hedge funds, corporates, and retail investors all actively involved [3][4]. - A notable trend is large corporate treasuries allocating portions of their cash holdings to gold, indicating its growing appeal as a strategic asset [3]. Technical Analysis - The $3,990-$4,000 range is identified as a key short-term support level, with a sustained break above $4,250 expected to trigger further price increases [4]. - The next area of consolidation for gold prices is projected to be around $4,400-$4,500 [4]. Equity Recommendations - Among large-cap equities, the report recommends Northern Star Resources Ltd. (NST) and Newmont Corp. (NEM) as overweight (OW) picks, while Evolution Mining Ltd. (EVN) is rated neutral (N) [4]. - For mid-cap equities, Ramelius Resources (RMS), Capricorn Metals (CMM), and Genesis Minerals (GMD) are highlighted as overweight (OW) recommendations [4].

Market Overview - The local share market remained flat, with the XJO index staying within the 8,500 points range and not reaching 9,000 points since late October, indicating a lack of a Santa Rally [2] - Australian bond yields reached nearly year-long highs, influenced by the RBA cash rate remaining stable [3] Sector Performance - Energy and materials sectors led the gains on Tuesday, while real estate also performed well, driven by Goodman Group [3] - IT sector lagged, reflecting trends from Wall Street [3] Company Highlights - African Gold surged after announcing its acquisition by Montage Gold, with market reaction delayed due to an ASX announcement outage [4] - Titomic's stock jumped 15% following successful tests of its cold spray additive technology [4] - Tungsten Mining's stock rose after announcing a new exploration target, highlighting tungsten's growing importance as a critical mineral [5] - Zip Co experienced a nearly 10% drop intraday, attributed to profit-taking and repositioning after a strong performance in recent months [5] - Core Lithium's stock fell in line with other lithium stocks, as excitement over lithium benchmarks was overshadowed by rising gold prices [6] - Star Entertainment Group's shares dropped nearly 7% following board changes, despite initial optimism regarding Bally's directors [6]

Gross Revenue of US$32.4 Million and Cash Cost of US$888/OzVANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its financial results for the three months ended September 30, 2025 (“Q1 FY 2026”). All amounts are in United States dollars unless otherwise indicated (refer to www.sedar.com for full financial results). President and CEO Cathy Zhai commented, “In Q1 FY2026, gold production continued its stead ...

Core Viewpoint - Ascot Resources Ltd. has announced a private placement offering of up to C$150 million in common shares, with additional options for raising up to C$25 million, aimed at funding the development of its Premier Gold Mine and Red Mountain project [2][3][8] Offering Details - The common shares will be sold at a price of C$0.60 per share, following a previously announced 50:1 share consolidation [4] - Ccori Apu S.A.C, a significant shareholder, will participate in the offering to maintain a 32% ownership stake [4] - Up to C$15 million of the offering may be sold as flow-through shares at a price of C$0.73 per share [5] Agent Compensation - The company will pay the agents a cash commission of 6.0% on the total proceeds raised, reduced to 2% for sales to significant shareholders [6] - Agents will also receive warrants to acquire shares equal to 6.0% of the shares sold, exercisable for 24 months from the closing date [7] Use of Proceeds - Net proceeds from the offering will be used for the development of the Premier Gold Mine and Red Mountain project, while proceeds from flow-through shares will be allocated to eligible Canadian development expenses [8] Closing Conditions - The closing of the offering is contingent upon receiving necessary stock exchange approvals and completing a previously announced rights offering and share consolidation [9] Securities Offering - The shares will be offered to accredited investors in Canada, U.S. investors under specific exemptions, and international investors in compliance with applicable laws [10] - The securities will be subject to a four-month hold period under Canadian securities law [11] Restructuring with Secured Creditors - The company is restructuring its agreements with secured creditors, including Nebari Gold Fund, with terms that include converting outstanding interest and principal to principal at closing and extending maturity to five years [15]