Workflow
Gold Mining
icon
Search documents
Barrick completes sale of Hemlo Gold Mine to Carcetti Capital
Yahoo Finance· 2025-11-27 11:48
Core Points - Barrick Mining has completed the sale of the Hemlo Gold Mine in Canada to Carcetti Capital for a total value of up to $1.09 billion, which includes $875 million in cash, $50 million in shares, and potential future payments linked to production and gold prices [1][2][3] - The sale is part of Barrick's strategy to focus on its Tier One gold and copper portfolio, with total gross proceeds from divestments of non-core assets this year expected to exceed $2 billion [2][3] - Barrick continues to prioritize Canada as a key jurisdiction, maintaining a portfolio of promising early-stage projects and exploration targets [4] Recent Developments - Barrick has reached an agreement with the Government of the Republic of Mali to resolve disputes related to the Loulo and Gounkoto mines, which includes dropping all charges against Barrick and initiating legal steps for the release of detained employees [5]
Carolina Rush Shareholders Approve OceanaGold Transaction; Upsizes Private Placement
Newsfile· 2025-11-27 11:30
Core Points - Carolina Rush Corporation has received overwhelming shareholder approval for its transaction with OceanaGold Corporation, with 99.8% of voted shares in favor, surpassing the required 66.7% [3] - The agreement allows OceanaGold to earn up to an 80% interest in the Brewer Gold-Copper Project by investing up to US$20 million over the next five years [3] - A joint Technical Committee has approved a Stage 1 exploration program to drill approximately 3,000 meters, starting January 5, 2026, with a minimum commitment of US$1.5 million from OceanaGold [3] Private Placement - In response to strong investor demand, Carolina Rush plans to increase its non-brokered private placement offering from up to C$3.0 million to C$3.5 million [4] - The offering will consist of up to 31,818,182 units at a price of C$0.11 per unit, aiming for aggregate gross proceeds of up to C$3.5 million [5] - Each unit includes one common share and one-half of a common share purchase warrant, with warrants exercisable at C$0.16 for two years [5] Closing and Use of Proceeds - The closing of the offering is expected around December 4, 2025, pending approval from the TSX Venture Exchange [6] - Net proceeds from the offering will be allocated for working capital and general corporate purposes [6] Company Overview - Carolina Rush Corporation is focused on the Brewer Gold-Copper Project in South Carolina, which is considered a large, underexplored system with potential for both near-surface and deeper mineralization [7] - The Brewer project is located 13 km from OceanaGold's Haile Gold Mine, which has a production guidance of 170,000-200,000 ounces of gold for 2025 [7]
Metal Energy Announces $9.3 Million Financing; Centerra Gold to Become a Strategic Shareholder
Newsfile· 2025-11-27 11:00
Core Viewpoint - Metal Energy Corp. is set to raise up to C$9.3 million through a financing offering, with Centerra Gold expected to become a strategic shareholder owning approximately 9.9% of the company post-offering [1][5]. Financing Details - The financing will consist of approximately 8,880,000 common shares issued on a premium flow-through basis at C$0.73 per share and 6,200,000 common shares at C$0.45 per share [1]. - Proceeds from the offering will fund Metal Energy's 2026 maiden drill program at the NIV copper-gold-molybdenum project in British Columbia, which is fully permitted with drill-ready targets [2]. Tax and Regulatory Aspects - The flow-through shares will qualify under the Income Tax Act (Canada) for eligible resource exploration expenses, with the company committing to incur qualifying expenditures by December 31, 2026 [3]. - The closing of the offering is expected around December 16, 2025, pending regulatory approvals and customary closing conditions [4]. Strategic Investment - Centerra Gold's investment is seen as a significant endorsement of Metal Energy's NIV project, enhancing the company's technical capabilities and operational experience [6]. - This strategic partnership is viewed as a milestone for Metal Energy, allowing the company to focus on advancing drilling and pursuing discoveries [6]. Company Background - Metal Energy Corp. is focused on critical metals exploration, particularly copper and gold assets in Canada, with the NIV project being a key asset in its portfolio [10].
Newmont Corporation (NEM) Up More Than 117% YTD, Here’s Why
Yahoo Finance· 2025-11-27 10:52
​Newmont Corporation (NYSE:NEM) is one of the Best Very Cheap Stocks to Invest In. Newmont Corporation (NYSE:NEM) is up more than 117% on a year-to-date basis, mainly due to record-high gold prices during the year. Wall Street has a bullish sentiment on the stock despite the company posting lower production levels for fiscal Q3 2025. On November 14, Milan Tomic from J.P. Morgan maintained a Buy rating on the stock with an A$178 price target. ​Newmont Corporation (NYSE:NEM) released its fiscal Q3 2025 resu ...
News for investors: Barrick settles Mali dispute and Couche-Tard profit climbs
MoneySense· 2025-11-26 23:39
Group 1: Barrick Gold - A judge in Mali ordered Barrick's Loulo-Gounkoto gold complex to be placed under provisional administration for six months, but a deal announced will drop all charges against the company and its employees [1] - The provisional administration of the Loulo-Gounkoto complex will be terminated, and operational control will be returned to Barrick [1] - Barrick's subsidiaries will withdraw arbitration claims pending before the International Centre for Settlement of Investment Disputes [2] Group 2: Alimentation Couche-Tard - Alimentation Couche-Tard reported net earnings of US$740.6 million in Q2, an increase from US$708.8 million year-over-year, translating to 79 cents per share, up from 75 cents [4][6] - The company's revenue for the period was US$17.9 billion, a 2.6% increase from US$17.4 billion in the previous year [5][6] - Total merchandise and service revenues reached US$4.7 billion, rising 6.6% year-over-year, with same-store sales growth reported across all geographies for the second consecutive quarter [5] Group 3: Blue Ant Media Group - Blue Ant Media Corp. signed a stock-and-cash agreement to acquire Thunderbird Entertainment Group for $89 million, aimed at enhancing its studio business and cash flow [7] - Thunderbird shareholders can choose to receive either 0.2165 of a Blue Ant subordinate voting share, $1.77 in cash, or a combination for each share held, with a maximum cash limit of $40 million [8] Group 4: National Storage REIT - Brookfield and GIC made a takeover offer for National Storage REIT valued at approximately A$4 billion (around C$3.7 billion) [10] - National Storage has about 94,500 customers across over 270 storage centers in Australia and New Zealand, with the offer providing A$2.86 cash per stapled security [11] - The offer includes a potential dividend of six Australian cents, which would reduce the cash payable per stapled security by the same amount [12]
Elemental Royalty Completes Acquisition of Laverton Royalty
Newsfile· 2025-11-26 23:00
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) ("Elemental" or "the Company") is pleased to announce that it has completed the previously announced acquisition of an existing uncapped 2% Gross Revenue Royalty ("GRR") over Genesis Minerals' ("Genesis") (ASX: GMD) Focus Laverton Project in Western Australia ("Focus Laverton Royalty"), and an existing 2% GRR on Brightstar Resources' ("Brightstar") (ASX: BTR) producing Jasper Hills Pr ...
Liberty Gold Receives Completeness Determination for the Mine Plan of Operations at its Black Pine Gold Project, Idaho
Globenewswire· 2025-11-26 22:30
Core Viewpoint - Liberty Gold Corp. has achieved a significant permitting milestone with the U.S. Forest Service and Bureau of Land Management deeming the Mine Plan of Operations for the Black Pine Oxide Gold Project as "Administratively Complete," allowing the project to advance through the federal permitting process [1]. Permitting Milestones - The completeness determination confirms that the Black Pine Mine Plan of Operations meets federal requirements to progress to the next stage of the permitting process [4]. - The Mine Plan outlines mining, processing, environmental protection measures, and reclamation activities based on the Preliminary Feasibility Study [4]. - A collaborative permitting approach was established with multiple agencies, including the USFS, BLM, and Idaho state departments, under a Memorandum of Understanding executed in February 2025 [4]. Environmental Impact Study - Stantec has been appointed as the independent third-party contractor to prepare the Environmental Impact Study (EIS) for the Black Pine Project [4]. - Extensive environmental baseline studies have been completed to inform key sections of the EIS document [4]. - The EIS will evaluate potential environmental and socio-economic effects, including water resources, air quality, wildlife, and cultural resources, over a 24-month period [4]. Next Steps - The USFS and BLM will publish a Notice of Intent in the Federal Register to initiate the NEPA review process, which includes stakeholder engagement and drafting of the EIS [4]. - The company is advancing state-level permits in parallel, focusing on water rights, air quality, mine reclamation, and cyanidation permits [4]. - These efforts align with Idaho's Strategic Permitting, Efficiency, and Economic Development Act, aimed at enhancing project permitting efficiency [4]. Company Overview - Liberty Gold is focused on developing open-pit oxide deposits in the Great Basin, a prolific gold-producing region [5]. - The Black Pine Project is a past-producing gold system with significant resource potential and strong economic viability [5].
Sixty North Gold Announces Closing of Second Tranche of Unit Offering
Newsfile· 2025-11-26 22:05
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to report that further to its news releases of October 21, 2025 and November 17, 2025 regarding its unit offering (the "Offering"), the Company has now closed the second and final tranche of that Offering consisting of 8,904,320 units for gross proceeds of $979,475.20. The total gross proceeds from both tranches of the Of ...
Golconda Gold Ltd. Releases Financial and Operating Results for Q3 2025
Globenewswire· 2025-11-26 22:00
Core Viewpoint - Golconda Gold Ltd. reported strong financial and operational results for Q3 2025, highlighting significant increases in gold production and cash generation, alongside ongoing investments in production ramp-up and debt repayment [4][9]. Financial Performance - In Q3 2025, Golconda Gold generated revenue of $9.0 million from the sale of 2,747 payable ounces of gold at an average price of $3,385 per ounce, compared to $7.7 million in Q2 2025 [9]. - The operating cash cost per payable ounce was $1,530 in Q3 2025, up from $1,436 in Q2 2025 [9][10]. - Total operating cash costs for Q3 2025 were $4,798,834, with year-to-date costs reaching $12,087,019 [8][10]. Production Highlights - The company achieved record quarterly gold production in Q3 2025, with an 18% increase compared to Q2 2025 and a 51% increase compared to Q3 2024 [4]. - A total of 40,503 tonnes of ore were mined at an average grade of 3.31 g/t, marking a 29% increase in ore mined compared to Q2 2025 [9]. - Gold production for Q3 2025 included 3,588 ounces of contained gold, with 2,823 ounces being payable [10]. Operational Developments - Significant progress was made on the refurbishment of the sub-vertical shaft and the 26 level of Galaxy, with the first ore blast occurring post-quarter end, expected to add an additional ore source in Q4 2025 [4]. - The company is targeting a restart of the Summit Mine in New Mexico in Q2 2026, which is anticipated to enhance production with a significant silver component [5]. Shareholder Actions - Following Q3 2025, the company cancelled 438,671 common shares held as security in full satisfaction of loans to certain former executive officers [5].
Barrick Completes Hemlo Transaction
Globenewswire· 2025-11-26 21:41
Core Points - Barrick Mining Corporation has completed the divestiture of the Hemlo Gold Mine to Carcetti Capital Corp. for a total consideration of up to $1.09 billion, which includes $875 million in cash and $50 million in shares, along with a contingent cash payment structure of up to $165 million starting in January 2027 [1][4] Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets, including six Tier One gold mines, operating in 18 countries across five continents [3] - The company is recognized as the largest gold producer in the United States and aims to create long-term value for stakeholders through responsible mining and strong partnerships [3]