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Wesdome Delivers Record Annual Gold Production and Provides 2026 Guidance
TMX Newsfile· 2026-01-20 11:30
Core Viewpoint - Wesdome Gold Mines Ltd. anticipates a consolidated gold production of 180,000 to 205,000 ounces in 2026, driven by its fill-the-mill strategy and upcoming mineral reserve updates [1][8] Group 1: 2025 Operating Results - In Q4 2025, total ore milled reached 147,270 tonnes, an increase from 122,779 tonnes in Q4 2024 [2] - Gold production for 2025 totaled 185,575 ounces, up from 172,034 ounces in 2024, with Q4 production at 46,638 ounces [2] - The company reported a nearly tripled cash position year-over-year, exceeding $350 million, enhancing financial flexibility for 2026 [2][3] Group 2: 2026 Guidance - Gold production guidance for Eagle River is set at 105,000 to 115,000 ounces, while Kiena is expected to produce 75,000 to 90,000 ounces, marking a 13% increase over 2025 [6][8] - Average processed grades are projected at 13.0 to 14.0 g/t for Eagle River and 8.0 to 9.5 g/t for Kiena [6][8] - Total capital investment for 2026 is estimated at $205 million, with $110 million for sustaining capital and $95 million for growth capital [10] Group 3: Exploration and Growth Initiatives - The company plans a $55 million exploration budget for 2026, focusing on step-out drilling to enhance resource growth [4][15] - Key exploration targets include Kiena Deep and the Presqu'île Zone, with the latter expected to contribute significantly to mill feed once permitted [16][19] - The exploration program aims to replace and grow reserves while testing near-mine growth opportunities [15][19] Group 4: Financial Outlook - Wesdome is positioned to generate significant free cash flow in 2026, supported by higher production and expanding margins [11] - A $100 per ounce change in gold prices is estimated to impact annual free cash flow by approximately $20 million [11] - The company has repurchased 706,100 shares for a total of $14.4 million since initiating its share buyback program [6][11] Group 5: Technical Reports and Updates - Updated technical reports are expected to be released in June 2026, summarizing production and operating costs, along with long-term potential insights [14] - The reports will include an updated Mineral Reserve and Resource Statement as of December 31, 2025 [14]
Trans Canada Gold Corp. Appoints Michael Magrum P. Eng, Vice-President of Exploration and Mining Operations and Key Technical Advisor Overseeing the Technical Management of Trans Canada's - Gold Property and Mineral Property Acquisitions
Accessnewswire· 2026-01-20 11:30
VANCOUVER, BC / ACCESS Newswire / January 20, 2026 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company"), is pleased to announce that the Company has appointed Michael Magrum P. Eng. as Vice-President, Mining Operations, and as its key technical advisor (as a Qualified Person under National Instrument NI #43-101), for the Company effective immediately. ...
G Mining Ventures Provides 2026 and 2027 Operational Outlook
Globenewswire· 2026-01-20 11:30
Core Insights - G Mining Ventures Corp. has provided operational guidance for 2026 and 2027, focusing on its Tocantinzinho Gold Mine in Brazil and Oko West Gold Project in Guyana [1][3] Operational Guidance - Gold production for 2026 is projected to be between 160,000 and 190,000 ounces, with a significant portion expected in the second half of the year due to higher-grade mineralization [4][5] - For 2027, gold production is anticipated to increase to between 200,000 and 235,000 ounces, representing a 25% increase from 2026 levels [5][9] - Total cash costs for 2026 are estimated to range from $736 to $865 per ounce, while all-in sustaining costs (AISC) are projected between $1,230 and $1,444 per ounce [4][5] - In 2027, cash costs and AISC are expected to improve significantly, decreasing by approximately 14% and 20% respectively compared to 2026 [5][9] Capital Expenditures - Sustaining capital expenditures for 2026 are estimated to be between $69 million and $81 million, which includes $31 million to $36 million for capitalized waste stripping [4][8] - Non-sustaining capital expenditures for 2026 are projected to be between $556 million and $618 million, with significant investments planned for the Oko West project [6][11] Oko West Project - The Oko West project is on track for first gold production in the second half of 2027, with approximately $423 million already committed to the project [10][11] - The project is expected to produce an average of 350,000 ounces of gold per year at a mine-site AISC of $1,123 per ounce, contributing to a consolidated production of approximately 500,000 ounces in 2028 [12] Exploration Programs - The exploration budget for 2026 is set to be the largest in the company's history, ranging from $42 million to $50 million, with significant allocations for the Gurupi, Oko West, and Tocantinzinho projects [13][16] - Specific allocations include approximately $21 million for Gurupi, $16 million for Oko West, and $9 million for Tocantinzinho [13][14][15]
5 Stock Picks Last Week From Wall Street's Most Accurate Analysts - ATI (NYSE:ATI), Hut 8 (NASDAQ:HUT)
Benzinga· 2026-01-20 11:25
Market Performance - U.S. stocks closed mostly lower on Friday, with the Dow Jones index falling approximately 0.2% during the session [1] - The S&P 500 decreased by 0.4% and the Dow lost 0.3% over the previous week, while the Nasdaq declined by 0.7% [1] - The Dow Jones closed at 49,359.33, down around 83 points, while the S&P 500 fell to 6,940.01 and the Nasdaq Composite slipped to 23,515.39 [1] Analyst Ratings and Insights - Benzinga's Analyst Ratings API provides high-quality stock ratings through partnerships with major sell-side banks, offering daily updates on ratings changes [3] - Analyst insights from Benzinga Pro subscribers have been shown to serve as effective trading indicators, potentially outperforming the stock market [3] - Benzinga allows users to access the latest analyst ratings, sorted by analyst accuracy, highlighting the most recent stock picks from top analysts [4] Notable Analyst Ratings - John Todaro from Stifel maintained a Buy rating on nLIGHT Inc (NASDAQ:LASR) and raised the price target from $40 to $45, anticipating a 3% upside [6] - An analyst from Freedom Capital Markets initiated coverage on Unity Software Inc (NYSE:U) with a Buy rating and a price target of $52, expecting a 27% upside [6] - UBS maintained a Buy rating on Kinross Gold Corp (NYSE:KGC) and increased the price target from $33 to $37.5, projecting an 11% gain [6] - Needham maintained a Buy rating on Hut 8 Corp (NASDAQ:HUT) with a price target of $60, expecting a 1% gain [6] - Philip Gibbs from Keybanc maintained an Overweight rating on ATI Inc (NYSE:ATI) and raised the price target from $120 to $132, forecasting a 6% increase [7]
Goliath Intersects Several High-Grade Holes Including 19.13 g/t Au Over 6.10 Meters, Drilling Significantly Expands Extent Of Gold Mineralization In All 5 Main Zones That Remain Open
Globenewswire· 2026-01-20 11:20
Core Insights - The news release highlights the successful completion of the 2025 drilling campaign at the Surebet Discovery, with all 110 drill holes intersecting gold mineralization, confirming the continuity, grades, and widths across five main gold-rich zones and 46 distinct lodes [4][11][17] - The company plans to focus its fully funded 2026 drill program on expanding these mineralized zones and exploring the potential Motherlode source [4][11][12] Drilling Results - Drill hole GD-25-319 intersected 19.13 g/t Au over 6.10 meters, with notable intervals including 22.86 g/t Au over 5.10 meters and 29.09 g/t Au over 4.00 meters [5][15] - Drill hole GD-25-405 reported 10.58 g/t Au over 8.30 meters, including 14.04 g/t Au over 6.25 meters and 15.50 g/t Au over 5.60 meters [5][15] - Drill hole GD-25-312 showed 10.56 g/t Au over 3.70 meters from a gold-rich quartz-sulphide breccia [5][15] - Overall, 83 out of 110 holes (76%) contained visible gold to the naked eye, indicating strong mineralization [4][18] Mineralized Zones - The Surebet Discovery consists of five primary mineralized zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, with a total of 46 gold-rich lodes [11][12][21] - The Bonanza Zone has a strike length of 1.8 km and contains intercepts up to 13.53 g/t AuEq over 11.00 meters [10][14] - The Surebet Zone has a strike of 1.2 km with intercepts reaching 21.08 g/t AuEq over 23.00 meters [10][14] - The Golden Gate Zone features intercepts up to 34.52 g/t AuEq over 39.00 meters [10][14] - The Whopper Zone and Eldorado Zone also show significant mineralization, remaining open for expansion [10][14] Geological Insights - High-grade gold has been identified in three distinct rock packages: quartz-sulphide breccias, Eocene-aged dykes, and calc-silicate altered breccia [11][16] - The presence of visible gold in core samples and the continuity of mineralization suggest a nearby Motherlode magmatic source [11][12][16] - The geological model indicates a potential for further expansion of the mineralized footprint, which currently covers 1.8 km² [11][21] Future Plans - The company is preparing for the 2026 drilling season, focusing on expanding the mineralized zones and further investigating the Motherlode source [12][21] - The updated geological model will guide drilling targets, with a strong foundation for continued exploration and potential resource development [11][17]
Goliath Intersects Several High-Grade Holes Including 19.13 g/t Au Over 6.10 Meters, Drilling Significantly Expands Extent Of Gold Mineralization In All 5 Main Zones That Remain Open
Globenewswire· 2026-01-20 11:20
Core Insights - Goliath Resources Limited has reported significant assay results from the 2025 drilling campaign at the Surebet Discovery, confirming the presence of high-grade gold mineralization across multiple zones [25][26][30] - The 2025 drilling campaign has demonstrated remarkable continuity, grades, and widths in gold mineralization, with 100% of the 110 drill holes intersecting gold [19][25][32] - The company is fully funded for a 2026 drill program aimed at expanding the five main mineralized zones and exploring the potential Motherlode source [25][26] Drilling Results - Drill hole GD-25-319 intersected 19.13 g/t Au over 6.10 meters, while GD-25-405 intersected 10.58 g/t Au over 8.30 meters, showcasing high-grade gold intercepts [19][25][28] - A total of 83 out of 110 holes (76%) drilled in 2025 contained visible gold to the naked eye (VG-NE), indicating strong mineralization [19][32] - The assay results from the 2025 campaign have expanded the high-grade gold footprint at the Surebet Discovery, which remains open for further growth [25][30] Mineralized Zones - The updated geological model identifies five primary mineralized zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, comprising 46 distinct lodes [25][27][30] - The Bonanza Zone has a strike length of 1.8 km and contains intercepts up to 13.53 g/t AuEq over 11 meters, while the Surebet Zone has intercepts up to 21.08 g/t AuEq over 23 meters [27][28] - The Golden Gate Zone has intercepts up to 34.52 g/t AuEq over 39 meters, indicating significant potential for further exploration [27][28] Geological Insights - The mineralization at Surebet is characterized by three distinct rock packages, including gold-rich stacked quartz-sulphide breccias, intermediate to felsic gold-rich dykes, and calc-silicate altered breccia [29][30] - The presence of VG-NE across various rock types confirms the potential for a nearby Motherlode magmatic source, which is responsible for the extensive high-grade gold system [29][30] - The geological studies conducted by the Colorado School of Mines have provided new insights into the ore-forming processes, enhancing the understanding of the high-grade gold discovery potential [30][34]
i-80 Gold Reports New High-Grade Assay Results Reinforcing Resource Expansion Potential at Granite Creek Underground Project
Prnewswire· 2026-01-20 11:01
Core Insights - i-80 Gold Corp. announced positive assay results from its 2025 drilling campaign at the Granite Creek Underground Project, indicating robust high-grade mineralization in the South Pacific Zone, suggesting potential for resource expansion [1][2][3] Project Overview - Granite Creek Underground is i-80 Gold's first underground gold operation, with ramp-up activities progressing towards steady-state gold output [2] - As of December 31, 2024, the project had a measured and indicated gold mineral resource estimate of 261,000 ounces at 10.5 grams per tonne and an inferred resource of 326,000 ounces at 13.0 grams per tonne [2][3] - The project is located along the Getchell Trend in northern Nevada, near significant gold resources [2] Drilling Campaign Details - The 2025 drilling program involved 16,000 meters drilled over 46 holes, focusing on infill drilling to support resource conversion and expansion potential [3][5] - Results from the drilling program will be integrated with data from previous years to update the mineral resource estimate, which will inform the upcoming feasibility study [5][7] Assay Results Highlights - Notable assay results include: - 40.4 grams per tonne over 13.2 meters in hole iGU25-31 - 31.3 grams per tonne over 7.8 meters in hole iGU25-15 - 15.0 grams per tonne over 17.5 meters in hole iGU25-24 - 12.8 grams per tonne over 19.8 meters in hole iGU25-08 [6][9] Future Plans - The company plans to continue testing the South Pacific Zone for further mineralization and is evaluating additional drilling campaigns for 2026 [4][8] - The feasibility study for Granite Creek Underground is expected to be completed by late Q1 2026, with results to be released in Q2 2026 [7]
2025 Year-End Resource Estimate - Grey Fox Project: +23% Indicated to 1.9 Million Gold Ounces; Inferred 436,000 Gold Ounces; Upcoming Prefeasibility Study in Q2 2026
Globenewswire· 2026-01-20 11:00
Core Viewpoint - McEwen Inc. has reported a significant increase in its Year-End 2025 Mineral Resource Estimate for the Grey Fox Project, totaling 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces, with plans to double production by 2030 [1][3]. Mineral Resource Estimate - The 2025 Mineral Resource Estimate at Grey Fox includes 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces, calculated at a gold price of US$3,000 per ounce [1][7]. - There is a 23% increase in Indicated Resources compared to Year-End 2024 [7]. - The total Indicated Resources consist of 19,474,000 tonnes at an average grade of 3.02 grams per tonne (gpt) gold, while Inferred Resources consist of 5,101,000 tonnes at an average grade of 2.66 gpt gold [7][13]. Mining Methods - The company is balancing both underground and open pit mining methods for the Grey Fox Project, which will be detailed in the upcoming Pre-Feasibility Study (PFS) scheduled for Q2 2026 [2][6]. - Early underground mining opportunities have been identified in the Gibson Zone and Whiskey Jack, with the Gibson Zone containing 393,000 Indicated gold ounces and 297,000 Inferred gold ounces [4][5]. Stroud Project - The Stroud Project, acquired in 2024, is adjacent to Grey Fox and contains a historical resource estimate of approximately 270,000 gold ounces, which will be validated and incorporated into future updates [9]. - The company completed over 6,000 meters of drilling at Stroud in 2025 to verify the historical resource [9]. Recent Drill Results - Recent drill results indicate potential for further resource growth, with notable findings such as 10.1 gpt gold over 5.8 meters and 23.8 gpt gold over 1.6 meters [10]. - The company plans to allocate $5 to $10 million for drilling at Grey Fox in 2026 to continue expanding the resource [10].
Mongolian Mining Corporation Operational Update for the Quarter Ended 31 December 2025
Globenewswire· 2026-01-20 09:08
Core Viewpoint - Mongolian Mining Corporation has released its operational update for the quarter ended December 31, 2025, highlighting significant increases in production and sales of coking coal and gold, indicating a positive operational performance compared to previous periods [3][6][11]. Coking Coal Operations - The Group is the largest producer and exporter of washed coking coal in Mongolia, with operations primarily at the Ukhaa Khudag and Baruun Naran mines [4][5]. - In 2025, the Group sold 8,221.3 thousand tonnes of washed coking coal, a 4% increase from 7,882.1 thousand tonnes sold in 2024 [6]. - The product mix for 2025 included 4,920.5 thousand tonnes of hard coking coal (HCC), 452.5 thousand tonnes of semi-soft coking coal (SSCC), and 2,848.4 thousand tonnes of mid-ash semi-hard coking coal (MASHCC), with HCC, SSCC, and MASHCC making up 59%, 6%, and 35% of total sales respectively [7]. - Key operational data for the quarter ended December 31, 2025, showed a 10% increase in ROM coal mined to 3,963.6 thousand tonnes, a 3% increase in processed ROM coking coal to 3,858.6 thousand tonnes, a 12% increase in washed coking coal produced to 2,350.7 thousand tonnes, and a 12% increase in washed coking coal sold to 2,578.1 thousand tonnes compared to the previous quarter [9]. Gold and Metals Operations - The Group holds a 50% equity stake in Erdene Mongol LLC, which operates the Bayan Khundii gold mine, and a 50.5% stake in Universal Copper LLC, which is developing the White Hill copper-silver-gold mine [10]. - In 2025, the Group sold 7,434 ounces of gold and 2,634 ounces of silver from the Bayan Khundii mine, with average prices of 4,153.25 USD/oz for gold and 53.14 USD/oz for silver [11]. - The processing plant at Bayan Khundii has a capacity of 650,000 tonnes per annum and employs various methods for gold and silver extraction [12]. - During the quarter ended December 31, 2025, the Group conducted geological exploration and metallurgical testing for the White Hill mine development [13].
Mongolian Mining Corporation Operational Update for the Quarter Ended 31 December 2025
Globenewswire· 2026-01-20 09:08
Core Viewpoint - Mongolian Mining Corporation has released its operational update for the quarter ended December 31, 2025, highlighting significant increases in production and sales of coking coal, as well as initial gold and silver sales from its new gold mine [3][6][12]. Coking Coal Operations - The Group is the largest producer and exporter of washed coking coal in Mongolia, with operations primarily at the Ukhaa Khudag and Baruun Naran mines [4][5]. - In 2025, the Group sold 8,221.3 thousand tonnes of washed coking coal, a 4% increase from 7,882.1 thousand tonnes in 2024 [6]. - The product mix for washed coking coal in 2025 included 4,920.5 thousand tonnes of hard coking coal (HCC), 452.5 thousand tonnes of semi-soft coking coal (SSCC), and 2,848.4 thousand tonnes of mid-ash semi-hard coking coal (MASHCC), with respective contributions of 59%, 6%, and 35% to total sales [7]. - Key operational data for the quarter ended December 31, 2025, showed a 10% increase in ROM coal mined to 3,963.6 thousand tonnes, a 3% increase in processed ROM coking coal to 3,858.6 thousand tonnes, a 12% increase in washed coking coal produced to 2,350.7 thousand tonnes, and a 12% increase in washed coking coal sold to 2,578.1 thousand tonnes compared to the previous quarter [9]. Gold and Metals Operations - The Group holds a 50% equity stake in Erdene Mongol LLC, which operates the Bayan Khundii gold mine, and a 50.5% stake in Universal Copper LLC, which is developing the White Hill copper-silver-gold mine [11]. - In 2025, the Group sold 7,434 ounces of gold and 2,634 ounces of silver from the Bayan Khundii mine, with average prices of 4,153.25 USD/oz for gold and 53.14 USD/oz for silver [12]. - The processing plant at Bayan Khundii has a nameplate capacity of 650,000 tonnes per annum and employs various methods for gold and silver extraction [13]. - During the quarter ended December 31, 2025, the Group conducted geological exploration and metallurgical testing for the White Hill mine development [14].