Core Viewpoint - Barrick Mining Corporation is exploring an initial public offering (IPO) for a subsidiary that will hold its premier North American gold assets, referred to as "NewCo" [1][3]. Group 1: IPO Details - If pursued, NewCo will be anchored by Barrick's joint venture interests in Nevada Gold Mines and Pueblo Viejo, along with the wholly owned Fourmile gold discovery in Nevada [2]. - The IPO is expected to involve a small minority interest, with Barrick intending to retain a significant controlling majority interest in NewCo [3]. - The exploration of the IPO is part of Barrick's ongoing operational review aimed at maximizing shareholder value, particularly in North America [3]. Group 2: Management and Operational Focus - The Group Chief Operating Officer emphasized that Barrick's gold operations in Nevada and the Dominican Republic are among the best globally, and the addition of the Fourmile project could enhance NewCo's standing [4]. - The company is focused on improving performance and shareholder value, with a commitment to safe operations and achieving growth targets [4]. - The Board has authorized management to explore this potential value creation initiative through early 2026, with updates expected during the Full Year 2025 Results in February 2026 [4][8]. Group 3: Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company, with a significant portfolio of gold and copper assets across 18 countries and five continents [7]. - The company is recognized as the largest gold producer in the United States and aims to create long-term value through responsible mining and strong partnerships [7].

Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that Mr James Perry has succeeded the retiring Mr. Jacques Vaillancourt as Chairman at the Company's Annual General & Special Meeting ("AGM") held on November 26th, 2025. Heliostar's new Chairman Mr. James Perry commented, "I am excited to join Heliostar at this important inflection point. The Company has built a strong founda ...

Core Insights - Jaguar Mining Inc. has commenced drilling activities at the Chamé target, located three kilometers southeast of the Santa Isabel mine within the Paciência complex in Brazil's Iron Quadrangle [1] - The drilling began on November 21, 2025, with the first phase consisting of 12 drill holes totaling 3,040 meters [1]

Core Insights - Thesis Gold Inc. announced positive results from an independent Prefeasibility Study (PFS) for its Lawyers-Ranch Project, indicating strong economic viability and positioning the project among the top-tier development-stage gold projects globally [1][6][7]. Project Overview - The PFS outlines a plan for developing the Lawyers-Ranch Project using both open pit and underground mining methods, with ore processed at a single facility [3][13]. - The project has an after-tax NPV of CAD 2.37 billion and an IRR of 54.4%, with a payback period of 1.1 years [6][7]. Economic Highlights - At a gold price of USD 2,900/oz and silver at USD 35/oz, the project shows a pre-tax IRR of 73.5% and an NPV of CAD 3.73 billion [7]. - Initial capital expenditure is estimated at CAD 736.2 million, with a compelling after-tax NPV to initial capital ratio of 3.2:1 [7][29]. Production Metrics - The project is expected to produce an average of 266,000 AuEq ounces annually in the first three years, totaling 2.84 million AuEq ounces over the life of mine (LOM) [7][12]. - The average all-in sustaining costs (AISC) are projected at USD 1,185 per AuEq ounce [7][29]. Resource Estimates - The maiden Mineral Reserve statement includes 76.16 million tonnes of ore grading 0.97 g/t Au and 28 g/t Ag, resulting in a total AuEq grade of 1.33 g/t [7][25]. - The PFS is based on a Mineral Resource Estimate effective October 16, 2025, with significant potential for resource expansion and discovery [14][20]. Mining Strategy - The mining strategy integrates conventional open pit operations with underground longhole stoping, targeting high-grade zones [35][41]. - Approximately 96.8% of the mill feed will be sourced from open pit mining, with underground mining focused on deeper, higher-grade zones [35][36]. Processing and Infrastructure - The processing plant is designed for a throughput of 13,700 tonnes per day, utilizing a flexible flowsheet to recover gold and silver [44][46]. - Infrastructure includes open pit and underground mines, a processing plant, tailings storage, and supporting facilities [46][49]. Future Opportunities - The PFS identifies opportunities for further optimization in the upcoming Feasibility Study, including potential resource upgrades and exploration targets [10][13].

Core Viewpoint - Montage Gold has signed a binding scheme implementation deed with African Gold to acquire all issued shares of African Gold that it does not already own, enhancing its portfolio with the Didievi project in Côte d'Ivoire [1] Group 1: Transaction Details - The acquisition will add the Didievi project to Montage's portfolio, reinforcing its position in Côte d'Ivoire alongside the ongoing Koné project [1] - Montage has purchased 92,377,787 ordinary shares of African Gold at a price of A$0.07 ($0.045), resulting in a 17.3% stake in African Gold [5] - The implied fully diluted equity value for African Gold, excluding shares already held by Montage, is approximately $170 million [6] - Each African Gold fully paid ordinary share not currently owned by Montage will be exchanged for 0.0628 of a Montage common share, leading to African Gold shareholders owning around 7.8% of the combined company post-transaction [6] Group 2: Project Development - Montage has conducted a 40,000m drilling program and metallurgical testing at the Didievi project, deepening its understanding of the project's geological potential [2] - At the Blaffo Guetto deposit within Didievi, the inferred resource has increased from 4.93 million tonnes at 2.9 grams per tonne gold (452,000 ounces) to 12.4 million tonnes at 2.5 grams per tonne gold (989,000 ounces) [3] - The additional drilling has confirmed mineralization at new targets, indicating the potential for Didievi to become a high-quality stand-alone operation [5] Group 3: Management Insights - Montage CEO Martino De Ciccio expressed satisfaction with the addition of the Didievi project, highlighting its alignment with the ongoing Koné project and the company's strategic goals [4] - African Gold CEO Adam Oehlman emphasized confidence in Montage's ability to unlock value at the Didievi project, benefiting shareholders through Montage's exploration and construction expertise [7]

Scottie Resources Unlocks ~C$9M from Bulk Sample - Successful 'Dry Run' Demonstrates Future Potential DSO PathwayDecember 01, 2025 4:00 AM EST | Source: Scottie Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report on the sale of its Bulk Sample which was mined, crushed, and transported over the 2025 summer season at the Bend Vein pit at the Scottie Gold ...

Core Insights - Quimbaya Gold Inc. has confirmed the discovery of two new mineralized vein systems at its Tahami South Project in Colombia, indicating a significant mineralized system in a productive gold district [1][3][7] Exploration Results - The ongoing drill program at Tahami South has intersected mineralization in 8 out of 9 drill holes, demonstrating strong structural continuity and targeting accuracy [5][8] - The identified vein systems include Vein S and Vein V, which are consistent with regional quartz vein systems [2][7] - The mineralization consists of quartz, barite, carbonate veining, and a sulphide assemblage including pyrite, chalcopyrite, galena, and sphalerite [5] Strategic Implications - The discovery validates Quimbaya's exploration thesis that district-scale mineralized structures extend beyond known mines into underexplored areas [7][8] - The company has extended its drilling program beyond the initial scope due to encouraging early results, with over 4,000 meters drilled to date [5][8] Financial Position - In the second half of 2025, Quimbaya issued 2,169,164 common shares through the exercise of stock options and warrants, raising gross proceeds of C$874,665, which strengthens the company's treasury for a fully funded 2026 drill campaign [18] - The company has also granted 614,034 Restricted Share Units (RSUs) to senior management and board members to align long-term performance with shareholder value [19]

Core Insights - New Found Gold Corp. has confirmed high-grade gold mineralization at the Keats zone of its Queensway Gold Project, with notable drill results including 219 g/t Au over 9.35 m and 160 g/t Au over 10.30 m [1][5][10] Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Gold Project and is focused on advancing it into production [38] - The company has also acquired the Hammerdown Gold Project and is working towards steady-state gold production [38] Drilling Program Details - The initial results reported are from 16 of 84 diamond drill holes, representing approximately 20% of the total results from the grade control drilling program [4][6] - The drilling program aims to enhance confidence in the grade distribution of high-grade, near-surface mineralization and support mine planning [4][10] Drill Results Highlights - Significant drill results include: - 219 g/t Au over 9.35 m from 19.00 m [5] - 160 g/t Au over 10.30 m from 5.10 m [5] - 105 g/t Au over 10.20 m from 15.80 m [5] - The results align well with the initial mineral resource estimate block model, confirming strong continuity of high-grade mineralization at Keats [10] Future Plans - The company plans to expand the grade control drilling program in 2026, optimizing drill hole spacing and program scope based on 2025 results [12] - The 2025 Queensway drill program, which commenced in May 2025, is over 90% complete and is expected to finish all proposed drilling in Q4/25 [14][15] Exploration and Excavation Activities - Ongoing exploration drilling is taking place in the vicinity of the Dropkick zone, where a new zone of gold mineralization is being outlined [16] - An excavation program has been completed to validate the geological model and collect analytical information across key zones for the Preliminary Economic Assessment Phase 1 mine plan [17]

Core Viewpoint - The proposed changes to the royalty and tax regimes for gold miners in Zimbabwe's 2026 National Budget may negatively impact Caledonia Mining Corporation's profitability and cash generation, particularly concerning the Blanket Mine and the Bilboes Gold Project [1][3]. Fiscal Measures - The proposed fiscal measures include an increase in the royalty rate from 5% to 10% when the gold price exceeds US$2,500 per ounce, which would apply to the full gold price [2]. - A change in the tax treatment of capital expenditure is also proposed, where the current 100% upfront deduction would be spread over the life of the project, affecting the timing of tax payments but not the total amount [2]. Company Assessment - The company is currently assessing the implications of these proposed changes on its asset portfolio, particularly focusing on the economic aspects of the Bilboes Gold Project [3]. - If the royalty change is implemented, it is expected to lead to a lower level of profitability and cash generation for the Blanket Mine compared to current market expectations [3]. Engagement with Authorities - Caledonia Mining Corporation has a long-standing operational presence in Zimbabwe and is engaging constructively with relevant authorities regarding these proposed changes [4].

VANCOUVER, BC / ACCESS Newswire / December 1, 2025 / Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") is pleased to announce an update regarding offtake studies for its New Amalga Gold property in Southeast Alaska. ...