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. ...

Core Insights - Gold experienced a remarkable performance in 2024, rising 25.5% and setting 40 new all-time highs, outperforming all major asset classes [1] - The increasing demand for gold is driven by central banks, which have purchased over 1,000 tonnes annually for three consecutive years, indicating a structural shift in investment strategies [2][4] Central Bank Behavior - Central banks are making strategic long-term purchases of gold, with global official sector gold holdings exceeding 36,000 tonnes, nearing levels from the Bretton Woods era [4] - Notable purchases include Poland's National Bank adding 90 tonnes in 2024, and India's Reserve Bank buying gold monthly, reflecting deliberate reserve diversification strategies [5] - Central bank purchases are projected to remain above 900 tonnes annually through 2025 and 2026, signaling a sustained increase in gold allocations [7] Portfolio Construction - Academic research supports a modest allocation of 4% to 15% in gold within diversified portfolios, enhancing risk-adjusted returns [8] - Gold provides diversification benefits, exhibiting low correlation with stocks and bonds, which can reduce overall portfolio volatility [9][10] - Historical analyses show that portfolios with gold allocations outperform traditional stock-bond portfolios on a risk-adjusted basis [11] Inflation and Economic Factors - Gold has historically served as an inflation hedge, maintaining purchasing power over generations, unlike paper currency [12][13] - Current investment strategies emphasize gold as a long-term store of value amid rising government deficits rather than solely as an inflation hedge [15] Geopolitical Risks - Geopolitical uncertainty, particularly following Russia's invasion of Ukraine, has increased gold demand, with central banks citing crisis performance and geopolitical hedging as key reasons for holding gold [16][17] - Business leaders in Europe are particularly aware of these risks, as ongoing geopolitical tensions and currency instability make gold an attractive asset [18] Accessing Gold - Investors can access gold through various means, including physical bullion, exchange-traded funds (ETFs), and gold mining equities, each with distinct characteristics [19] - The SPDR Gold Shares ETF, with approximately $123 billion in assets, is one of the largest and most liquid gold investment vehicles available [20] Future Projections - Gold prices have surged significantly, with projections suggesting an average price of $3,675 per ounce by late 2025, and potential peaks of $4,000 to $5,000 by 2030 [24][25] - These forecasts are contingent on continued central bank demand, geopolitical tensions, and fiscal pressures in major economies [25] Strategic Considerations for Executives - Business leaders should define clear objectives for gold investments, whether for diversification, inflation protection, or geopolitical hedging [28] - Gradual implementation through dollar-cost averaging and regular rebalancing is recommended to manage price volatility and maintain target allocations [30][31] - Gold's unique properties make it a time-tested asset for wealth preservation, particularly in uncertain economic environments [32][34]

Group 1 - Gold X2 Mining Inc. has filed its third quarter interim financial statements and Management's Discussion and Analysis, available on SEDAR+ [1] - Gold X2 is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, led by experienced management and backed by a prominent private equity firm [2] - The company has invested over $75 million in the Moss Gold Project, completing approximately 100,000 meters of drilling, contributing to a total of over 255,000 meters drilled [2] Group 2 - The updated NI 43-101 mineral resource estimate for the Moss Gold Project shows 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au [2] - The mineral resource estimate covers only 3.6 kilometers of a 35+ kilometer mineralized trend, indicating significant potential for further development [2] - The Moss Gold Project is one of the few remaining major Canadian gold deposits positioned for development in the current cycle [2]

TNR Gold Corporate Update and Strategic Review of the Developing M&A OpportunitiesNovember 28, 2025 6:18 PM EST | Source: TNR Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 28, 2025) - TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to provide a corporate update and announce that the Company is continuing its strategic review of developing M&A opportunities."TNR Gold Corp is your gateway to the green energy rEVolution and gold stability," stated Ki ...

Core Insights - Cerrado Gold Inc. reported operational and financial results for Q3 2025, highlighting increased gold production and ongoing projects in Argentina, Portugal, and Quebec [1][3][5] Production Highlights - The Minera Don Nicolas (MDN) gold mine achieved a record production of 10,429 Gold Equivalent Ounces (GEO) in Q3 2025, marking a 33% increase from Q2 2025 [3][14] - Total gold equivalent production for Q3 2025 was 13,832 GEO, a 21% decrease compared to 16,604 GEO in Q3 2024, primarily due to a shift in focus towards heap leach operations [12][19] - The heap leach operation's recovery rate improved by 51%, contributing to higher production levels [20] Financial Performance - The company generated revenue of $41.0 million in Q3 2025, up from $36.7 million in Q3 2024, driven by higher average realized prices [20][19] - Adjusted EBITDA for Q3 2025 was $11.8 million, compared to $7.4 million in Q3 2024 [19] - The all-in sustaining cost (AISC) for MDN was reported at $1,915 per ounce, reflecting a 16% increase from $1,617 per ounce in Q3 2024 [18][22] Exploration and Development - An initial 20,000-meter exploration program at MDN has been expanded to 50,000 meters for 2026, with three new drill rigs acquired to accelerate drilling [4][28] - The Optimized Feasibility Study for the Lagoa Salgada project is nearing completion, expected in early 2026, while the Bankable Feasibility Study for the Mont Sorcier project is targeted for Q2 2026 [5][32] Operational Improvements - The company is implementing upgrades to the crushing circuit and adding an agglomerator to enhance recovery rates at the heap leach operation [3][8] - Underground mining at MDN commenced in June 2025, with production expected to ramp up in Q4 2025 [10][14] Future Outlook - Management anticipates increased shareholder value in 2026 as higher-grade material from underground operations is expected to enhance production and profitability [7][26] - The company maintains its annual production guidance of 50,000 to 55,000 GEO for 2025, with expectations of declining unit costs as production ramps up [27][26]

Gold equivalent production of 13,832 Gold Equivalent Ounces (“GEO”) at AISC of $1,915/oz during Q3 2025Adjusted EBITDA of $11.8 million for Q3 2025Cash $16.5 million Partial hedge expires end December increasing future gold sale pricesFull year guidance of 50,000-55,000 GEO maintained: Underground mining production to ramp up in the fourth quarter 20,000 metre exploration program expanded by 50,000 metres with additional rigs to arrive in the fourth quarterSignificant progress at both the Lagoa Salgada and ...

Core Viewpoint - Gold Terra Resource Corp. has successfully closed an over-subscribed non-brokered private placement, raising a total of C$7,000,000 through the issuance of various types of shares [1] Summary by Category Private Placement Details - The private placement included the issuance of 15 million common shares at an issue price of C$0.10 per share, generating gross proceeds of C$1,500,000 [1] - Additionally, 35 million charitable flow-through common shares were issued at an issue price of C$0.14 per share, resulting in gross proceeds of C$4,900,000 [1] - Furthermore, 5 million flow-through common shares were issued at an issue price of C$0.12 per share, contributing gross proceeds of C$600,000 [1] Tax Implications - The charitable flow-through shares and flow-through shares qualify as "flow-through" shares under the Income Tax Act (Canada) [1]

Core Insights - Gold prices have increased over 50% year-to-date, presenting opportunities for both profit-taking and further investment for bullish investors [2] - Central banks have shifted to being net buyers of gold, contributing to the metal's rising share in global reserves and supporting long-term price trends [4] Gold Market Dynamics - The "debasement trade" continues to attract investors to gold as a hard asset, away from fiat currencies [3] - Market volatility ahead of the Thanksgiving holiday highlights gold's role as a safe haven for investors [2] Investment Opportunities - The Sprott Physical Gold Trust (PHYS) offers direct gold exposure with the option to convert shares into physical bullion, providing flexibility for investors [6] - The Sprott Gold Miners ETF (SGDM) provides indirect exposure through investments in large-cap gold mining companies, which can benefit from rising gold prices [7] Central Bank Influence - Central banks' demand for gold is characterized by relative scale and price insensitivity, making them a primary anchor for gold's long-term price trends [4]

Core Insights - The article discusses the investment strategies and focus areas of Taylor Dart, an individual investor with over 16 years of trading experience, particularly in precious metals developers, producers, and royalty/streaming companies [1]. Group 1: Investment Focus - Taylor Dart leads the investing group Alluvial Gold Research, providing portfolios with entry/exit points, Buy/Sell alerts, and proprietary sentiment indicators specifically for gold and silver miners [1]. - The emphasis is on precious metals, indicating a targeted approach in a niche market that may present unique investment opportunities [1]. Group 2: Analyst's Position - The analyst has a beneficial long position in shares of several companies, including BTG, BTO:CA, and FNV, either through stock ownership, options, or other derivatives [2]. - The article reflects the analyst's personal opinions and does not involve compensation from the companies mentioned, suggesting an independent viewpoint [2]. Group 3: Market Considerations - The writing serves informational purposes and does not constitute financial or investment advice, highlighting the importance of conducting due diligence before making investment decisions [3]. - Given the volatility in the precious metals sector, it is advised that position sizes for small-cap precious metals stocks should be limited to 5% or less of one's portfolio [3].