Pasofino Gold Announces Closing of Non-Brokered Private Placement for Gross Proceeds of C$12.0 MillionOctober 22, 2025 7:00 AM EDT | Source: Pasofino Gold LimitedToronto, Ontario--(Newsfile Corp. - October 22, 2025) - Pasofino Gold Limited (TSXV: VEIN) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it has closed its non-brokered private placement (announced on September 23, 2025) of units (each, a "Unit") at a price of C$0.50 per Unit, for gross proceeds of C$12.0 millio ...

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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].

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Vancouver, British Columbia - TheNewswire - October 22, 2025: Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announce the commencement of drilling on the TJ project, located in northeastern Nevada. The program is expected to total approximately 1,500 metres of core drilling, fully funded through an earn-in agreement with OceanaGold Corporation (TSX: OGC, OTCQX: OCANF) (“OceanaGold”) announced on October 15, 2025.Highlights: Approximately 1,500 metres of core dri ...

Core Viewpoint - Cabral Gold Inc. has reported promising drill results from the PDM target in the Cuiú Cuiú Gold District, indicating the presence of high-grade gold structures and potential for resource expansion [3][4][7]. Group 1: Drill Results - Diamond drill hole DDH346 intersected 23.3m at 4.7 g/t gold from a depth of 57m, including high-grade intervals of 1m at 91.3 g/t and 1m at 8.1 g/t gold [7][12]. - The mineralized zone remains open at depth and along strike, suggesting continuity of high-grade mineralization [15]. - Previous drill results from the PDM target have shown significant gold grades, including 22.4m at 4.8 g/t and 18.0m at 2.5 g/t [9][10]. Group 2: Resource Expansion - Recent drilling has expanded the surface area of the gold-in-oxide mineralized blanket at PDM by 50%, from 0.26 km² to 0.39 km² [10]. - The company plans additional drilling to assess the size of the hard rock gold resource at PDM, which is located only 2.5km from the Central gold deposit [3][4]. - The PDM target is part of a larger northwest-trending gold-in-soil anomaly that has been traced for over 5km [5]. Group 3: Financial and Operational Context - The recent drill results follow the announcement of a US$45 million construction financing for Phase 1 operations at Cuiú Cuiú, aimed at heap leach processing of near-surface gold-in-oxide material [4]. - The company has a 100% interest in the Cuiú Cuiú gold district, which contains significant indicated and inferred resources [21][22].

Group 1 - Universal Insurance Holdings, Inc. (UVE) has seen a 63.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 2.2%, significantly higher than the industry average of 0.7% [1] - Gold Fields Limited (GFI) has experienced a 7.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and has a dividend yield of 1.5%, compared to the industry average of 0.0% [2] - Maximus, Inc. (MMS) has seen a 6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and has a dividend yield of 1.4%, which is above the industry average of 0.6% [3]

Core Viewpoint - McEwen Inc. reports positive results from its 2025 drilling program at Windfall, part of the Gold Bar Mine Complex, aimed at increasing gold resources, extending mine life, and lowering production costs [1][3][10]. Summary by Sections Drilling Program and Results - The Windfall drilling program is part of several initiatives to enhance the Gold Bar Mine Complex, with the average grade mined in the first half of 2025 being 0.76 gpt Au [3][10]. - New drilling results indicate significant near-surface oxide gold mineralization along a 1.6-kilometer section of the Windfall fault zone, with potential for further expansion [6][10]. - Drill hole WF039 reported 2.43 gpt gold over 74.7 meters, with other notable results including 4.57 gpt over 12.2 meters and 1.70 gpt over 64.0 meters from different drill holes [9][28]. Resource Estimates - The company anticipates that incorporating the 2024-2025 Windfall drill results will positively impact the resource size, which currently includes 423,000 ounces in the Measured and Indicated categories and 84,000 ounces in the Inferred category [8][10]. - The newly discovered gold mineralization extends beyond previous resource estimates, with promising grades and thicknesses that could be processed using heap leach recovery [10][31]. Future Plans - The company plans to continue resource-definition and expansion drilling in the Windfall area, test higher-grade zones, and publish an updated resource estimate [18]. - The Windfall area is situated on patented claims, which may expedite the permitting process for production [31]. Company Overview - McEwen Inc. operates in mineral-rich regions, including Nevada, Ontario, and Argentina, and is also considering reactivating a gold and silver mine in Mexico [12]. - The company holds a 46.4% interest in McEwen Copper, which is developing the Los Azules copper project in Argentina, valued at approximately US$456 million [13]. Leadership and Strategy - Chairman Rob McEwen has invested over US$200 million personally and aligns his interests with shareholders by taking a nominal salary, aiming to enhance profitability and share value [15].

Scorpio Gold Commences 50,000 Metre Phase 2 Drilling Program at the Manhattan District, NevadaOctober 22, 2025 6:00 AM EDT | Source: Scorpio Gold CorpVancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce the commencement of its Phase 2 Drilling Program at the Manhattan District Project ("Manhattan"), Nevada, USA. The Phase 2 drilling program is planned to achieve a mi ...

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