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IAMGOLD (IAG) Climbs to 14-Year High Ahead of Earnings on PT Hike, Gold Rush
Yahoo Finance· 2026-01-21 07:17
Company Performance - IAMGOLD Corporation (NYSE:IAG) reached a new 14-year record, driven by a surge in gold prices and a 17 percent price target upgrade [1] - The stock price peaked at $19.98 during intra-day trading, closing up 15.49 percent at $19.83, the highest level since November 2011 [2] - The rally in IAMGOLD's stock was supported by a broader increase in gold prices, which surpassed $4,700, following geopolitical tensions and tariff threats from President Trump [3] Analyst Recommendations - Bank of America raised its price target for IAMGOLD to $20.50 from $17.50, indicating a 3 percent upside potential from the latest closing price, while maintaining a "buy" recommendation [4] Future Projections - IAMGOLD projected record revenues for full-year 2025, with attributable gold production reaching 765,900 ounces, supported by strong output from its Essakane, Cote, and Westwood sites [5]
China-backed power plant, Astra gold mine lose permits in Indonesian environmental crackdown
Reuters· 2026-01-21 06:03
Group 1 - A China-backed hydropower plant and a gold mining unit operated by Astra International had their permits revoked by the Jakarta government [1] - The revocation of permits affected a total of 28 firms [1] - This action reflects the Jakarta government's regulatory stance towards foreign investments in the region [1] Group 2 - The specific reasons for the permit revocations were not detailed in the report [1] - The impact on the operations and financial performance of the affected companies remains to be seen [1] - The move may signal increased scrutiny of foreign investments in Indonesia's natural resources sector [1]
Centerra Gold Receives Permit Amendments for Mount Milligan to Continue Operations Through 2035; Meets Expedited Schedule as Per Commitment from the Province of British Columbia
Globenewswire· 2026-01-21 02:30
Core Viewpoint - Centerra Gold Inc. has received an amended environmental assessment and permits for the Mount Milligan Mine, allowing operations to continue through 2035 with a 10% expansion in plant throughput starting in 2028 [1][2] Group 1: Operational Developments - The Mount Milligan Mine has been selected for expedited permitting by the Province of British Columbia to support economic development [1] - Engineering studies are ongoing to support future permit authorizations for extending the mine life to 2045, as outlined in a Pre-Feasibility Study [2] Group 2: Economic Impact - The extended life of the Mount Milligan Mine is expected to provide consistent employment for over 1,000 workers and enhance business opportunities for First Nations and surrounding communities [3] - The Premier of British Columbia highlighted that the mine expansion will secure hundreds of family-supporting jobs and generate significant economic benefits for the region [3] Group 3: Company Overview - Centerra Gold Inc. is focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [4] - The company operates two mines: Mount Milligan in British Columbia and the Öksüt Mine in Türkiye, along with other projects in Canada and the United States [4]
Liberty Gold Advances Black Pine Project Permitting with Acceptance into FAST-41 U.S. Federal Permitting Framework
Globenewswire· 2026-01-21 01:00
VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to report that its Black Pine Oxide Gold Project (“Black Pine”), located in southeastern Idaho, has been accepted into the U.S. Federal Permitting Improvement Steering Committee Council (“FPISC”) FAST-41 process (the “FAST-41”) as a “Covered Project”. Acceptance as a Covered Project provides access to the full range of FAST-41 benefits with a coordinated per ...
Liberty Gold Advances Black Pine Project Permitting with Acceptance into FAST-41 U.S. Federal Permitting Framework
Globenewswire· 2026-01-21 01:00
VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to report that its Black Pine Oxide Gold Project (“Black Pine”), located in southeastern Idaho, has been accepted into the U.S. Federal Permitting Improvement Steering Committee Council (“FPISC”) FAST-41 process (the “FAST-41”) as a “Covered Project”. Acceptance as a Covered Project provides access to the full range of FAST-41 benefits with a coordinated per ...
Iconic Minerals Ltd. Closes Non-Brokered Private Placement for Gross Proceeds of $3,750,000
TMX Newsfile· 2026-01-21 00:58
Core Viewpoint - Iconic Minerals Ltd. has filed for final acceptance from TSX Venture Exchange for a non-brokered private placement to raise up to $3,750,000 through the offering of 30,000,000 units at a price of $0.125 per unit [1] Group 1: Financing Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at an exercise price of $0.17 for two years [1] - If the company's common shares trade at $0.35 or greater for 10 non-consecutive trading days, the company may accelerate the expiry date of the warrants [1] - The total proceeds will be allocated towards drilling and advancing the exploration program on the New Pass gold property in Nevada, as well as for general working capital [2] Group 2: Finder's Fees - Eligible finders will receive a total of $57,881 in cash and 463,000 finders' warrants, each exercisable at $0.40 per share for two years, which also includes the warrant acceleration clause [3] Group 3: Regulatory and Compliance - All securities issued in the financing are subject to a four-month and one-day hold period in Canada, and the closing of the financing is contingent upon TSXV approval [4] - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the United States or to U.S. persons without registration or an exemption [5]
Trump’s Greenland Threats Scaring You Off? Buy This Dividend Stock as a Hedge
Yahoo Finance· 2026-01-21 00:30
Geopolitical Tensions and Trade Relations - Geopolitical tensions have escalated due to U.S. actions in Venezuela and President Trump's threats regarding Greenland, including potential tariffs on opposing countries [1][2] - European countries have increased military presence in Greenland in support of Denmark against the U.S., indicating a shift in alliances and potential retaliation against U.S. tariffs [2] Precious Metals Market - Precious metals, particularly gold and silver, have reached record highs, making them the best-performing asset class amid rising geopolitical tensions [5] - The structural story for gold remains strong, driven by factors such as de-dollarization and central bank buying, with recent geopolitical tensions acting as a short-term price catalyst [6] Gold Mining Industry - Agnico-Eagle Mines (AEM) is identified as a safe investment in the gold mining sector, expected to provide capital gains and dividends due to the strong performance of precious metals [7]
EcoGraf Delivers Strong Results from Maiden Exploration at Hazina Gold Prospect in Tanzania
Small Caps· 2026-01-21 00:25
Company Overview - EcoGraf (ASX: EGR) has reported strong results from its maiden exploration at the Hazina prospect within the Southern Frontier gold project in Tanzania, indicating potential for significant gold mineralisation [1] - The Southern Frontier project is part of EcoGraf's Golden Frontier portfolio, which includes other projects such as Northern Frontier and Western Frontier, all prospective for orogenic gold [4] Exploration Results - Initial reconnaissance identified a fine, coarse, and heavy mineral concentrate with grades exceeding 100 parts per billion gold, peaking at 8820 parts per billion [2] - Four rock chip samples returned a maximum of 4,450 parts per billion gold (or 4.42 grams per tonne), suggesting potential for a Proterozoic gold discovery comparable to the 1 million ounce Handeni deposit and the 1.1 million ounce New Luika mine [3] Project Details - The Southern Frontier project includes multiple targets such as Hazina, Johari North, Jahari South, Tunu North, and Tuna South, located approximately 15 kilometers south of EcoGraf's flagship Epanko graphite project [5] - The latest high-grade results align with a geophysical anomaly, supporting the company's initial mineralisation model for the project [5] Future Plans - Further work will focus on enhancing understanding of the mineralisation and moving the Southern Frontier project towards drill-ready status [6] Industry Context - Tanzania has a well-established gold mining industry, with over 70 million ounces of resources in the Lake Victoria goldfields and three Tier 1 operating gold mines [7][8] - The country's gold sector is rapidly growing, supported by robust policy frameworks and a strategic move towards domestic refining [8] Executive Appointment - EcoGraf has appointed mining executive John Ciganek as general manager of corporate development to help deliver the company's growth vision and capitalize on global demand for sustainable battery materials [9] - Ciganek has over 30 years of experience in the industry and has raised more than $5 billion for resource projects globally [10][11]
Further Shallow High-Grade Assays Infill Tunkillia S1/2 Pits
Accessnewswire· 2026-01-20 22:35
Indications of higher-grade vertical structures shallower in system HIGHLIGHTS | Hole ID | Interval | Including: | | --- | --- | --- | | TKB0278 | 17m @ 2.70 g/t Au from 62 metres | 2m @ 9.65 g/t Au from 62 metres | | TKB0390 | 20m @ 2.72 g/t Au from 44 metres | 3m @ 9.33 g/t Au from 50 metres | | TKB0393 | 9m @ 4.54 g/t Au from 56 metres | 1m @ 25.2 g/t Au from 58 metres | | | | 1m @ 15.4 g/t Au from 137 metres, and | | | 24m @ 4.49 g/t Au from 127 metres, and | | | TKB0422 | 22m @ 3.17 g/t Au from 156 met ...
Signature Resources Announces Results of Gold Deportment Study and Appointment of Stacy Freudigmann to Advisory Board
TMX Newsfile· 2026-01-20 22:35
Toronto, Ontario--(Newsfile Corp. - January 20, 2026) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) ("Signature" or the "Company") is pleased to announce results from an independent gold deportment and mineralogical study completed by SGS Canada Inc. ("SGS") on composite samples from the four main identified gold zones within the Company's Lingman Lake Gold Project in northwestern Ontario.Highlights from the deportment study:Gold occurs primarily as free milling gold and gold-silver all ...