Core Viewpoint - Perseus Mining Limited has reported a tragic incident involving a fatal vehicle accident near its Bagoé Gold Mine in Côte d'Ivoire, resulting in the death of an employee from its contractor company Binkadi and minor injuries to other passengers [1][2]. Group 1 - The accident occurred on January 15, 2026, and involved a vehicle carrying employees of Perseus and its contractor [1]. - The company has expressed condolences to the family of the deceased employee, Mr. Vakaramoko Sangare, and is providing support to the family and its team at the Sissingué complex [2]. - An investigation into the accident is ongoing, with Perseus working closely with relevant Ivorian authorities [2].

Core Viewpoint - Sprott Junior Gold Miners ETF (SGDJ) provides exposure to smaller and mid-tier gold miners, focusing on companies with potential for reserve expansion, operational scaling, and capital discipline during the development cycle [1] Group 1: Investment Strategy - The strategy employs a rules-based framework favoring companies that show production and revenue growth potential, balancing discovery-driven upside with execution risks associated with earlier-stage mining [1] - Junior miners exhibit greater sensitivity to bullion price trends, financing conditions, and permitting timelines, leading to higher dispersion across holdings and increased cyclicality compared to senior producers [1] Group 2: Market Conditions - The fund is expected to perform well during gold price upswings and when investors seek scarcity assets or diversification amid macroeconomic uncertainty [1] - Performance may be challenged when real yields rise, risk appetite diminishes, or project costs escalate [1] Group 3: Portfolio Role - SGDJ can serve as a tactical precious-metals satellite, a diversifier within real-asset allocations, or a return-seeking complement to bullion-linked investments [1] - It is suitable for multi-asset teams looking for higher-beta gold equity exposure and thematic allocators focused on exploration-led growth [1] Group 4: Risks - A significant risk to monitor includes project development and permitting execution, where delays or cost overruns can substantially impact individual positions and overall factor outcomes [1]

Core Insights - New Found Gold Corp (NFGC) is transitioning from an early-stage exploration company to an emerging Canadian gold producer, with a focus on the Queensway project [1][4] - The company has strengthened its financial position through a C$63 million bought-deal financing and a C$20 million private placement, alongside the acquisition of Maritime Resources [2] - CEO Keith Boyle emphasized the company's strategic focus for 2026, which includes ramping up the Hammerdown project, advancing Queensway, and continuing disciplined exploration [3] Financial Position - NFGC completed a C$63 million bought-deal financing and a C$20 million private placement, enhancing its financial stability [2] - The acquisition of Maritime Resources adds prospective claims around Queensway, further improving the company's growth potential [2] Strategic Focus - The company aims to safely and efficiently ramp up the Hammerdown project and advance the Queensway project towards a targeted start-up in 2027 [3] - Continued exploration efforts are planned to unlock the full potential of the emerging Canadian gold camp [3]

Core Argument - The case for gold and gold miners is compelling for two reasons [1] Group 1 - Gold is seen as a safe-haven asset during economic uncertainty [1] - Gold miners are expected to benefit from rising gold prices, enhancing their profitability [1]

Core Viewpoint - Barrick Mining is highlighted as a strong investment opportunity due to a significant gold discovery, potentially the most important of the century [1] Company Analysis - Barrick Mining has been confirmed to have made a major gold discovery, which is expected to enhance its market position and financial performance [1] - The analysis emphasizes a quantamental approach, combining data-driven models with fundamental research to assess Barrick's financial profile [1] Investment Thesis - The article aims to make unique investment ideas accessible to both retail and professional investors, focusing on the analytical depth of Barrick Mining's potential [1]

Core Insights - Gold prices have surged from under $2,000 per ounce in 2021 to $4,647 today, more than doubling in value [1] - Newmont (NYSE: NEM) has outperformed gold with a 182% increase over the last 12 months, while Wheaton Precious Metals (NYSE: WPM) has achieved a 132% gain, making it a compelling alternative for investors seeking gold exposure [2][6] Company Analysis - Newmont operates in a capital-intensive gold mining industry, requiring significant investment for projects, typically ranging from $100 million to $150 million to start [4][5] - Newmont's current financials show a net income margin of 33% and a three-year revenue compound annual growth rate (CAGR) of 21%, with debt at $5.65 billion, nearly equal to its cash reserves of $5.97 billion [7] - Wheaton Precious Metals employs a streaming model, purchasing gold and silver from other mining operations at set prices, allowing it to benefit from rising gold prices without the associated risks of mining [8]

Core Viewpoint - Scorpio Gold Corporation is actively engaging with investors through participation in upcoming events and has announced the issuance of stock options to its management team, indicating a focus on growth and investor relations. Group 1: Upcoming Events - Scorpio Gold will participate in the Metals Investor Forum in Vancouver on January 23rd and 24th, where CEO Zayn Kalyan will present and engage in a Q&A session [1] - The company will host an open house at its Vancouver office on January 26, 2026, during the AME Round Up and Vancouver Resource Investment Conference, inviting shareholders and the investment community to interact with management [2] Group 2: Stock Options Issuance - The company has issued 6,465,000 incentive stock options to directors, officers, and consultants, with an exercise price of $0.37 per share and an expiry date of January 16, 2031 [4] - Of the options granted, 2,900,000 were to officers and directors, classified as related party transactions, which were exempt from formal valuation and minority shareholder approval requirements [5] Group 3: Manhattan District Overview - The Manhattan District, located in Nevada, has historically produced approximately 700,000 ounces of gold and is now consolidated under Scorpio Gold, which holds valuable permitting and water rights [6] - The maiden mineral resource estimate for the Goldwedge and Manhattan Pit areas indicates 18,343,000 tonnes grading 1.26 g/t gold, totaling 740,000 ounces of contained gold in the inferred category [6] - A historical mineral resource estimate for other areas within Manhattan shows 1,652,325 tonnes grading 5.89 g/t gold, totaling 303,949 ounces of contained gold [6]

Company Overview - Renegade Gold Inc. is focused on the acquisition, exploration, and development of mineral properties in the Red Lake Mining District of Northern Ontario [2] - The company has established one of the largest prospective land packages in the Red Lake mining district, which is near major mines and deposits [2] - The exploration portfolio covers an area of 1,320 km² and has significant potential for gold and critical minerals [2] Recent Developments - A total of 3,025,000 incentive stock options have been granted to directors, officers, and consultants under the Company's Long Term Incentive Plan [1] - The options are exercisable for three years at a price of $0.52 per share and will vest immediately [1]

Core Viewpoint - Granada Gold Mine has reached an agreement to repay $300,000 in debt through the issuance of 3,000,000 common shares at a price of $0.10 per share, subject to regulatory approval [1][2]. Group 1: Debt Repayment Agreement - The total debt repayment amounts to $300,000, which will be settled by issuing 3,000,000 common shares at a deemed price of $0.10 per share [1]. - The transaction is subject to a hold period of four months and a day in accordance with Canadian Securities Laws and requires approval from the TSX Venture Exchange [2]. Group 2: Related Party Transaction - The transaction is classified as a "related party transaction" since two directors of the company are also principals of the creditors [3]. - The company is exempt from formal valuation and minority shareholder approval requirements as the transaction's fair market value does not exceed 25% of the company's market capitalization [3]. Group 3: Management Changes - Christopher Ecclestone has resigned as a director of the company, and the company expresses gratitude for his contributions [4]. Group 4: Company Overview - Granada Gold Mine Inc. is focused on developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, covering 14.73 square kilometers [6]. - The company is currently conducting a large drill program, with 18,000 meters completed out of a planned 120,000 meters, although drilling is paused for data evaluation and market conditions [6]. Group 5: Historical Mining Data - The Granada Shear Zone and South Shear Zone contain up to twenty-two mineralized structures over five and a half kilometers, with historical underground grades ranging from 8 to 10 grams per tonne gold [7]. - The property includes a former underground mine that produced over 50,000 ounces of gold at 10 grams per tonne in the 1930s, with additional bulk samples extracted in the 1990s [8].

Core Viewpoint - Great Pacific Gold Corp. has granted a total of 3,610,000 incentive stock options and 3,030,000 restricted share units to its key personnel as part of its annual long-term incentive plan, aligning the team with the company's long-term success in its exploration program at the Wild Dog Project [1][3]. Group 1: Stock Options and Restricted Share Units - The granted options are exercisable at $0.45 per share and will expire five years from the grant date, while the RSUs will expire three years from the grant date [2]. - Vesting of the options and RSUs will occur in two phases: 50% will vest on the first anniversary and the remaining 50% on the second anniversary of the grant date [2]. Group 2: Company Overview - Great Pacific Gold aims to become a leading gold-copper development company in Papua New Guinea, with a portfolio of exploration-stage projects including the flagship Wild Dog Project and the Tinga Valley Project [5]. Group 3: Wild Dog Project Details - The Wild Dog Project features a large-scale epithermal target with a structural corridor of 15 km in strike length and potentially over 1,000 meters deep, as indicated by a recent geophysics survey [7]. - High-grade drilling results have been reported, including an intercept of 8.4 meters at 50 g/t AuEq from 154 meters depth [7]. - The current drilling program is set to extend into 2026, with a second drill rig expected to be operational in February 2026 [7]. Group 4: Other Projects - The Kesar Project, located in the Eastern Highlands province, is a greenfield exploration project with high-priority targets near K92 Mining Inc.'s tenements, showing high gold grades in outcrop and soil [7]. - The Arau Project, also in the Eastern Highlands, contains the Mt. Victor exploration target, which has potential for a high sulfidation epithermal gold-base metal deposit, with a Phase 1 drilling program completed in August 2024 [7].