Gold Mining
Search documents
Novagold Reports High-Grade Drill Results and Receives Positive Decision From Alaska Supreme Court
Globenewswire· 2025-11-25 13:51
Core Insights - NOVAGOLD Resources Inc. announced significant advancements in the Donlin Gold project, including final assay results from the 2025 drill program and key permitting milestones [1][2] - The 2025 drill program has exceeded expectations, providing critical data for the upcoming Bankable Feasibility Study (BFS) expected to start in Q1 2026 [2][3] - The project has achieved acceptance into the FAST-41 program, enhancing the transparency and predictability of the federal permitting process [1][11] - A favorable ruling from the Alaska Supreme Court has affirmed the project's water rights and the approval of the State Right-Of-Way lease for a proposed natural gas pipeline [1][14] Drilling Program Results - The 2025 Donlin Gold drill program focused on refining mine-planning inputs, enhancing geological modeling, and conducting geotechnical assessments [3][4] - High-grade gold intercepts were reported, with standout intervals including 26.22 g/t gold, reinforcing the project's status as one of the largest and highest-quality gold projects globally [4][5] - The program included 19 infill holes and 24 in-pit exploration holes, totaling over 15,000 meters drilled, aimed at improving resource confidence and mine planning [9][10] Permitting Milestones - The acceptance into the FAST-41 program is expected to streamline the permitting process, ensuring defined timelines and coordination among federal agencies [11][12] - The Alaska Supreme Court's ruling supports the project's water rights and the natural gas pipeline lease, validating the thorough review process by the State of Alaska [14][15] - The project has been engaged in permitting for over a decade and has received most of its state and federal permits, positioning it as a key economic development project in Alaska [13][14] Future Developments - The BFS Request for Proposals was issued in Q3 2025, with plans to select a top-tier engineering firm to lead the BFS in the coming months [16] - The comprehensive data from the 2025 drill program will strengthen the foundation for mine planning and resource modeling [16] - The strategic alliance between Glenfarne Alaska LNG and Baker Hughes is expected to enhance Alaska's energy infrastructure, potentially benefiting the Donlin Gold project [17] Company Overview - NOVAGOLD is focused on developing the Donlin Gold project, which contains approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories [24] - The project is anticipated to produce over one million ounces of gold annually over a 27-year mine life once in production [24]
Galloper Gold Corp. to Present at the Precious Metals & Critical Minerals Virtual Investor Conference December 4th.
Globenewswire· 2025-11-25 13:35
Core Points - Galloper Gold Corp. will present at the Precious Metals & Critical Minerals Virtual Investor Conference on December 4th at 12:30pm ET [1] - The company is focused on mineral exploration in the Central Newfoundland Gold Belt, with properties including Glover Island and Mint Pond [3] Company Overview - Galloper Gold Corp. is based in Vancouver, BC, and specializes in exploration [1] - The Glover Island Property consists of 477 mining claims totaling 11,925 hectares, while the Mint Pond Property consists of 499 claims totaling 12,475 hectares [3] Event Details - The conference will allow real-time interaction between investors and the company, with archived webcasts available for those unable to attend live [1] - Investors are encouraged to pre-register and conduct an online system check for a smoother participation experience [2]
Liberty Gold to Present at the Precious Metals & Critical Minerals Virtual Investor Conference December 3, 2025
Globenewswire· 2025-11-25 13:35
Core Points - Liberty Gold Corp. will present at the Precious Metals & Critical Minerals Virtual Investor Conference on December 3rd, 2025 [1] - The conference will allow real-time interaction between investors and the company, with archived webcasts available for those unable to attend live [2] - Liberty Gold focuses on developing open pit oxide gold deposits in the Great Basin, a region known for its prolific gold production [4] Company Overview - Liberty Gold is engaged in the disciplined development of open pit oxide gold deposits in the Great Basin of the United States, which includes Nevada, Idaho, Utah, and Arizona [4] - The company is advancing the Black Pine Project in southeastern Idaho, which is a past-producing, Carlin-style oxide gold system with significant resource potential [4] - The company aims to acquire, discover, and develop gold deposits that can be mined profitably through environmentally responsible open-pit heap leaching methods [4] Event Details - The presentation is scheduled for December 3rd at 11:30 AM ET, with opportunities for one-on-one meetings on December 3rd, 4th, and 8th [2] - Investors are encouraged to pre-register and conduct an online system check to facilitate participation [3] - Virtual Investor Conferences provide a platform for companies to present directly to investors, enhancing engagement through interactive features [5][6]
Surface Metals Inc. Confirms Open Mineralization and Expansion Potential at Cimarron Gold Project, Nevada
Newsfile· 2025-11-25 13:30
Surface Metals Inc. Confirms Open Mineralization and Expansion Potential at Cimarron Gold Project, NevadaNovember 25, 2025 8:30 AM EST | Source: Surface Metals Inc.Carson City, Nevada--(Newsfile Corp. - November 25, 2025) - Surface Metals Inc. (CSE: SUR) (OTCQB: SURMF) ("Surface Metals" or the "Company") is pleased to announce the completion of a comprehensive historical drill database compilation and review for its Cimarron Gold Project in Nye County, Nevada. The study confirms substantial ex ...
Gold Royalty Corp. (GROY) Achieves Record Revenue on Gold Production Surge
Yahoo Finance· 2025-11-25 13:16
Core Insights - Gold Royalty Corp (NYSE:GROY) has achieved record revenue driven by the ramp-up of its portfolio and new mines entering production [1][2][4] Financial Performance - The company reported record revenue of $4.1 million in Q3, with total revenue including land agreement proceeds and interest reaching $4.6 million from 1,323 gold ounces produced [2] - Adjusted EBITDA for the quarter was a record $2.5 million, and positive cash flow from operations was $2.4 million [2] - Despite the strong revenue performance, the company recorded a net loss of $1.13 million, or $0.01 per share, compared to a net income of $3.4 million, or $0.02 per share, in the same quarter last year [3] Management Commentary - David Garofalo, Chairman and CEO, highlighted the successful ramp-up of the portfolio and the positive cash flow, which has allowed the company to reduce debt and lower interest costs [4] - The company aims to continue using cash generated from operations to de-lever through 2026 [4] Analyst Rating - Maxim Group analyst Tate Sullivan reiterated a Buy rating on GROY with a price target of $5 [4] Company Overview - Gold Royalty Corp focuses on acquiring and managing royalties and streams for metals and mining companies, providing creative financing solutions and building a diversified portfolio to generate returns [5]
H.C. Wainwright asserts a Buy rating on Galiano Gold Inc. (GAU) as Q3 Results Impress
Yahoo Finance· 2025-11-25 13:16
Core Insights - Galiano Gold Inc. has received a Buy rating from H.C. Wainwright with a price target of $3.20 following positive Q3 results [1][2] Group 1: Q3 Performance - The company mined 1.3 million tons (Mt) of ore at the Abore deposit, a 57% increase from Q2, with an average grade of 0.9 grams per ton (g/t) gold [2] - At the Esaase deposit, Galiano mined 0.1 Mt of ore at an average grade of 0.7 g/t gold [2] - Mining costs averaged $3.38 per ton, which is 6% lower than Q2 2025 [2] - Galiano processed 32,533 ounces of gold, marking a 7% increase from the previous quarter [2] Group 2: Financial Position - The company exited the quarter with a strong cash position of $116.4 million [3] - Galiano is finalizing a $75 million revolving credit facility with FirstRand Bank Limited [3] Group 3: Operational Insights - Galiano Gold operates the Asanko Gold Mine in Ghana, which it jointly owns with Gold Fields, focusing on gold production and exploration for new deposits [3] - The Abore drilling program is yielding promising results, extending a mineralized system 200 meters below the current Mineral Reserve across a 1,600-meter strike length [2]
Founders Metals Appoints Vijay Kirpalani to Board of Directors
Newsfile· 2025-11-25 12:30
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces the appointment of Mr. Vijay Kirpalani to its Board of Directors as an independent Director, effective immediately. Mr. Kirpalani brings over two decades of finance, advisory, and corporate governance experience in the mining sector, including a distinguished record of leadership and value creation in Suriname. He has served on the Superviso ...
Searchlight Resources Commissions NI43-101 Technical Reports on Bootleg Lake and Robinson Creek Gold Properties
Newsfile· 2025-11-25 12:30
Core Insights - Searchlight Resources Inc. has contracted Axiom Exploration Group to prepare NI43-101 technical reports for its Bootleg Lake and Robinson Creek Gold properties, which are located near Creighton, Saskatchewan and Flin Flon, Manitoba [1][2][3] Summary by Sections Technical Reports - Axiom Exploration Group has completed site visits for both projects, with final reports expected in early 2026 [2] - This will be the first technical report for the Robinson Creek project and an update on the 2013 report for Bootleg Lake [2] Exploration Targets - The Robinson Creek project has an Initial Exploration Target estimated between 77,000 and 154,000 ounces of gold, with no prior report available [3] - Bootleg Lake has an estimated ore of 2 to 3 million tonnes, with gold grades ranging from 1.20 g/t to 1.60 g/t [7] Historical Data and Mineralization - Over 70 historical drill holes from the 1940s and 1980s have been compiled, outlining a mineralization zone extending at least 1,000 meters along the Mosher Lake Shear Zone [7] - Significant historical drill results include multiple intersections greater than 1.0 g/t gold, with some exceeding 2.0 g/t over at least one meter [7] Project Location and Infrastructure - The properties are located 15 kilometers from each other, allowing for potential shared processing facilities [7] - The Bootleg Lake site is a brownfields project with three past-producing high-grade gold mines, including the Rio Mine, which has 1,500 meters of underground workings [7] Future Plans - The technical reports will assist the company in future exploration and development plans, including the potential combination of Robinson Creek and Bootleg Lake [3]
Big Ridge Gold Corp Provides Corporate Update
Newsfile· 2025-11-25 12:00
Core Insights - Big Ridge Gold Corp. has made significant progress in 2025, including increasing its ownership of the Hope Brook Gold Project to 100% and engaging SGS Geological Services for a Preliminary Economic Assessment [3][4][6] - The company is also preparing concentrate samples for marketing and potential offtake agreements, while its partner Caprock Mining has initiated a Phase I drill program at the Destiny Gold Project [3][7] Hope Brook Gold Project - The Hope Brook Gold Project has a historical production of approximately 750,000 ounces of gold from 1987 to 1997, with a flotation circuit producing a concentrate of about 22% Cu and 34.28 g/t Au [4][11] - The project hosts an Indicated gold resource of 16,190,000 tonnes grading 2.32 grams per tonne for a total of 1.2 million ounces, and Inferred resources of 2,215,000 tonnes grading 3.25 grams per tonne for 231,000 ounces [12] - The company expects positive economics from the Preliminary Economic Assessment due to the high-grade open pit copper and gold resource and strategic location on tidewater, with completion anticipated in the first half of 2026 [4][5] Metallurgical Test Work - Recent metallurgical test work has produced high-grade Cu-Au concentrates ranging from 26% to 30% Cu with 270 to 539 g/t Au, indicating strong potential for marketing and partnerships [5] - The strategic location of the Hope Brook project on tidewater is expected to generate notable interest from potential partners due to current negative smelter treatment and refining charges [5] Destiny Gold Project - Caprock Mining has commenced a Phase I drill program at the Destiny Gold Project, targeting high-grade mineralization identified in historical drill holes with gold grades as high as 26 g/t Au [7] - Big Ridge owns 18 million shares of Caprock Mining and anticipates first anniversary payments under the option agreement, consisting of $100,000 in cash and common shares valued at $250,000 by December 31, 2025 [8]
Star Royalties Reports Q3 2025 Financial Results
Thenewswire· 2025-11-25 12:00
Core Insights - Star Royalties Ltd. reported a significant decrease in revenue for Q3 2025, with revenue of $40,104 compared to $125,450 in Q3 2024, while net loss improved to $(5,429) from $(1,330,714) year-over-year [1][3] Financial Performance - Revenue for Q3 2025 was $40,104, down from $125,450 in Q3 2024 [1] - Net loss for Q3 2025 was $(5,429), an improvement from $(1,330,714) in the same quarter last year [1] - Basic and diluted loss per share remained at $(0.00) compared to $(0.02) in Q3 2024 [1] - Cash flow used in operating activities was $(220,761), slightly higher than $(213,935) in Q3 2024 [1] - Cash flow from investing activities was $334,984, with no cash flow from financing activities reported [1] Mining Portfolio Updates - The Copperstone Gold Project is a key investment, with production expected to restart in late 2026, and anticipated annual gold production exceeding 50,000 oz [6][12] - Keysbrook Mine's revenue decreased due to an intentional operational slowdown, with royalty income of $40,105 compared to $125,450 in the previous year [13] - Elk Gold's sale process is ongoing, with a resolution expected by early 2026, which may impact the valuation of Star Royalties' mining royalty interest [14][17] Strategic Developments - Minera Alamos is focused on the Copperstone project, with permitting expected to be completed by year-end 2025 and a Phase 1 drilling program planned for early 2026 [3][6] - The acquisition of Calibre USA Holdings Ltd. by Minera Alamos is expected to enhance its asset base, potentially allowing for over 175,000 oz of gold production annually [9][10] - Green Star Royalties has sold all issued carbon offsets, with future demand anticipated from long-term agreements with energy producers [5][19]