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GPAC Announces Annual Security-Based Compensation Grants
TMX Newsfile· 2026-01-16 22:41
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].
Bonterra Announces Results of Canada Revenue Agency Audit
TMX Newsfile· 2026-01-16 22:00
Core Viewpoint - Bonterra Resources Inc. is undergoing a tax audit by the Canada Revenue Agency regarding the renunciation of Canadian exploration expenses related to private placements of flow-through shares, which raised approximately C$16.96 million [1][2]. Group 1: Tax Audit and Proposed Adjustments - The CRA intends to reclassify approximately C$11.05 million of previously renounced Canadian exploration expenses, claiming they do not meet the definition for tax purposes [2]. - Bonterra disputes the CRA's assumption that the Moroy Deposit is an extension of the Bachelor Mine and plans to vigorously defend its position against the proposed tax adjustments [2][3]. Group 2: Impact on Subscribers - The CRA will notify subscribers of the Flow-Through Financings regarding reassessments of deductions claimed for the related Canadian exploration expenses, starting with the December 2019 financing [3]. - The company has agreed to indemnify subscribers for taxes related to disallowed renunciations of Canadian exploration expenses, inviting affected subscribers to contact the company for further information [4]. Group 3: Financial Implications - The maximum estimated exposure for the company regarding indemnification obligations, including interest and penalties, is approximately C$9.5 million, with an initial liability expected to be around C$3 million [5]. - The company plans to account for this liability in its financial statements for the year ending December 31, 2025 [5].
DPM Metals Announces Filing of Technical Report for Rakita Camp Prospects
Globenewswire· 2026-01-16 22:00
TORONTO, Jan. 16, 2026 (GLOBE NEWSWIRE) -- DPM Metals Inc. (TSX: DPM, ASX: DPM) (ARBN: 689370894) (“DPM” or “the Company”) announced that the Company has filed a technical report for its Dumitru Potok, Rakita North and Frasen prospects in Serbia (the “Report”). The purpose of the Report is to support the Inferred Mineral Resource estimate for the Dumitru Potok, Rakita North and Frasen prospects, as previously disclosed in the Company’s news release dated December 2, 2025. The Report has been prepared pursua ...
Providence Gold Mines Inc. Announces Final Approval of Reviewable Transaction and The La Dama de Oro Gold Property NI43 101 Report
Thenewswire· 2026-01-16 21:05
Core Viewpoint - Providence Gold Mines Inc. has received final regulatory approval for its Reviewable Transaction involving the La Dama de Oro project, confirming the potential for further exploration and development of the property [1]. Group 1: Property Overview - The La Dama de Oro gold property is a historical high-grade gold producer with all necessary permits in place, including those for water, road, environmental, and mill site operations, and is approved for a 1,000-ton bulk sample [2]. - The property has not undergone any modern scientific exploration or drilling, resulting in no developed or identified NI 43-101 compliant resources [2]. Group 2: Geological and Mineralization Insights - The La Dama de Oro Property is situated in the Silver Mountain Mining District, characterized by complex geological structures, including the Eastern California Shear Zone and the San Andreas Fault Zone [3]. - The mineralization is classified as a low-sulfidation epithermal gold-silver vein system, with significant gold and silver mineralization associated with quartz veining and hydrothermal alteration along the La Dama de Oro Fault [4]. - The largest known vein measures 4.5 feet at its widest point and remains open for exploration over a length of more than 6,000 feet, indicating potential for discovering additional parallel veins [4]. Group 3: Management Commentary - The President & CEO of the company, Ronald A. Coombes, emphasized that having all permits in place eliminates uncertainty and allows the company to capitalize on the robust potential of the La Dama de Oro property [5].
18% of S&P 500 Stocks Are Up at Least least 10% This Year. That’s Really, Really Good.
Barrons· 2026-01-16 20:15
In this articleMUWDCAMDAVGOAPHAI demand and Trump-era policy shifts are fueling rallies in semiconductors, metals, banks, and even gold miners. (Dreamstime)A lot of stocks have gone almost straight up. The reason is simple: the world is changing fast. ...
Kestrel Gold Inc. Announces the Appointment of a Director and Grant of Options
TMX Newsfile· 2026-01-16 16:16
Company Announcement - Kestrel Gold Inc. has appointed Duncan McBean as a Director, bringing 35 years of experience in mining exploration and management [1] - Mr. McBean's expertise includes orogenic gold deposits, diamondiferous kimberlite exploration, and lithium exploration [1] Stock Options - Mr. McBean has been granted options to purchase 1,000,000 Common Shares at an exercise price of $0.065 per share, expiring on September 15, 2030 [2] Company Overview - Kestrel Gold Inc. is an exploration company based in western Canada, focusing on the Canadian Cordillera [3] - The company holds a 100% interest in the QCM Property, an orogenic gold target in the Manson-Germanson placer district, subject to a 2% NSR royalty with buydown provisions [3] - Kestrel also owns a 100% interest in the KSD Property, another orogenic gold target located in the Yukon portion of the Tintina Gold Belt, subject to a 2.5% NSR royalty with buydown provisions [3] - Kestrel Gold Inc. is listed on the TSX Venture exchange under the symbol KGC [3]
Kinross Gold advances construction on three US projects
Yahoo Finance· 2026-01-16 15:15
Core Viewpoint - Kinross Gold is advancing construction on three strategic growth projects in the US, aiming to extend mine life and optimize costs, with a projected production of approximately three million ounces of gold equivalent by 2038 [1][2]. Group 1: Project Details - The three projects include Round Mountain Phase X, Bald Mountain Redbird 2 in Nevada, and the Kettle River-Curlew project in Washington [1]. - Production from these projects is expected to commence in 2028, with an average annual output of 400,000 ounces from 2029 to 2031 [2]. - The Round Mountain Phase X project has a post-tax NPV of $1.9 billion and an IRR of 67% at a gold price of $4,300 per ounce [3][4]. Group 2: Financial Projections - The combined internal rate of return (IRR) for the projects is estimated at 55%, with a net present value (NPV) of around $4.1 billion [2]. - The Kettle River project is expected to yield around 100,000 gold ounces annually over the first five years, totaling approximately 940,000 ounces over an initial 11-year mine life [6]. - Bald Mountain's Redbird 2 project forecasts a post-tax NPV of $1 billion and an IRR of 58% at the same gold price [6][7]. Group 3: Cost and Production Efficiency - The all-in sustaining cost (AISC) for the Round Mountain Phase X project is projected at $1,680 per ounce, with a production cost of sales of $1,576 per ounce [4]. - The Kettle River project forecasts a life-of-mine AISC of $1,726 per ounce [6]. - The addition of Redbird 2 and surrounding satellite deposits could produce a combined total of 643,000 ounces, maintaining an annual output of approximately 155,000 ounces [7].
Fortitude Gold Reports Fourth Quarter and Full Year 2025 Preliminary Gold Production
Accessnewswire· 2026-01-16 14:00
COLORADO SPRINGS, CO / ACCESS Newswire / January 16, 2026 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") today announced preliminary fourth quarter production of 572 gold ounces. The Company produced approximately 5,236 gold ounces in 2025 from both Isabella Pearl mine operations and residual leach from the Isabella Pearl heap leach pad. ...
Jim Cramer: This Industrial Stock Is A Buy, Recommends Staying Away From Enterprise Software Companies - Autodesk (NASDAQ:ADSK), Cava Group (NYSE:CAVA)
Benzinga· 2026-01-16 13:24
Group 1 - Banco Santander, S.A. is recommended as a "terrific" buy by Jim Cramer, following the sale of a 49% stake in its Polish subsidiary to Erste Group [1] - Cramer advises against investing in enterprise software companies, specifically mentioning Datadog, Inc. [1] - Origin Bancorp, Inc. is viewed positively by Cramer, who suggests holding the stock and buying more if it pulls back, with earnings results expected on January 28 [2] Group 2 - Cava is recommended as a buy, with Doug Thompson appointed as COO effective March 2 [3] - Royal Gold, Inc. increased its annual dividend from $1.80 to $1.90 per share, and Cramer suggests taking some profits [3] - Autodesk, Inc. is categorized as enterprise software, which Cramer indicates is currently undesirable [3][4] Group 3 - Recent stock price movements include Banco Santander down 0.9% to $12.11, Datadog down 1.3% to $120.86, Origin Bancorp up 1.2% to $40.48, Royal Gold up 2% to $259.15, Cava up 2% to $72.00, and Autodesk up 0.4% to $262.26 [6]