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Founders Metals to acquire 36,000ha Suriname exploration concession
Yahoo Finance· 2025-11-21 11:05
Founders Metals has signed a definitive agreement to acquire 100% of a previously announced 36,000 hectare (ha) exploration concession located west of its Antino gold project in south-eastern Suriname, South America. This move comes after the company signed a letter of intent (LoI) last month. With this acquisition, the total project area increases to 56,000ha and enables the company to resume north-westward expansion drilling at Upper Antino. Drilling had previously halted at the former concession boun ...
Snowline Gold Receives Third Consecutive Robert E. Leckie Award for Environmental Performance And Receives 2025 Community Award At Yukon's Geoscience Forum
Accessnewswire· 2025-11-21 11:00
Core Points - Snowline Gold Corp has received the 2025 Robert E. Leckie Award for Responsible and Innovative Exploration and Mining Practices from the Government of Yukon [1] - The company has also been honored with the 2025 Community Award presented by the Yukon Chamber of Mines [1]
Cascade Copper reveals historical gold values at British Columbia project
Yahoo Finance· 2025-11-21 10:22
Core Insights - Cascade Copper has completed an initial compilation of historical exploration and mining data for its Bendor gold-tungsten project in British Columbia, revealing substantial mineralisation [1][5] - The project has shown impressive values of gold, tungsten, and silver, indicating significant potential for further exploration and development [5][6] Exploration Results - Historical sampling at the Bendor project recorded assays of up to 30.86 grams per tonne (g/t) gold and 6.5% tungsten trioxide [1] - A 23kg bulk sample from a winze assayed 48g/t gold, 20.6g/t silver, and 0.16% tungsten trioxide [2] - Chip sampling from the Bristol level 2 drift produced results ranging from 0.6g/t gold to 32.5g/t gold [2] - Exploration drilling from the Bristol level 3 drift yielded a highlight intercept of 27.5g/t gold over 5.3m, including an interval of 70g/t gold over 0.8m [2] - Historical trench samples along the 225m Benboe Vein assayed up to 16.4g/t gold and 17.14g/t silver [2] - Grab samples at the Silverside showing returned up to 1.03g/t gold, 72g/t silver, and 9.6% copper [3] Future Exploration Plans - Cascade Copper plans to conduct a three-dimensional (3D) magnetic inversion of recent airborne magnetic-radiometric survey data to support future exploration and drill targeting [4] - Following the 3D magnetic inversion and data modelling, the company expects to submit a permit application for diamond drilling and geophysics within the next month, potentially leading to targeted diamond drilling in 2026 [4] Geological Insights - The project has undergone minimal surface exploration and shallow drilling, primarily around the historic mine workings at Bristol [5] - Recent changes in year-round snow cover have exposed new areas on the north side of the Bendor Pluton, including copper mineralised veining and alteration zones [6]
RBC Capital Affirms Hold Stance as B2Gold Corp. (BTG) Bounces to Profitability on High Gold Prices
Yahoo Finance· 2025-11-21 10:02
Core Viewpoint - B2Gold Corp (NYSE:BTG) is recognized as a strong mid-cap stock by hedge funds, with a recent Hold rating and a $5 price target from RBC Capital following impressive third-quarter results driven by increased gold production and higher prices [1][2]. Financial Performance - B2Gold achieved a total gold production of 254,369 ounces, exceeding production targets from its Fekola, Masbate, and Otjikoto mines [2]. - Revenue for the third quarter surged to $782.948 million, a significant increase from $448.229 million in the same quarter last year [2]. - The company reported a net income of $23.123 million in the third quarter, a turnaround from a net loss of $631.032 million in the same quarter of the previous year [3]. Earnings and Dividends - B2Gold delivered earnings per share of $0.01, improving from a loss per share of $0.48 in the same quarter last year [3]. - The board of directors approved a quarterly dividend of $0.02 per share, payable on December 15 to shareholders of record as of December 2, 2025 [4]. Financial Position - The company exited the third quarter with a strong financial position, holding $367 million in cash and cash equivalents [4]. Company Overview - B2Gold is a global, low-cost gold miner with three open-pit mines located in Mali, Namibia, and the Philippines, along with exploration projects across four continents [5]. - The company's revenue is entirely derived from gold sales, with operations including Fekola, Masbate, Otjikoto, and other development properties [5].
Astral Resources reports strong Mandilla gold hits - ICYMI
Proactiveinvestors NA· 2025-11-21 08:02
Core Insights - Astral Resources NL has reported high-grade gold results from the Theia deposit at the Mandilla Gold Project in Western Australia, indicating strong potential for the project [1][6][7] - The company is focused on de-risking the stage one open-pit development, with expectations of significant cash flow upon commencement of operations in a favorable gold price environment [2][8] Drilling Results - Recent assays from Theia deposit include notable intercepts: 18.00 metres at 6.70 grams per tonne (g/t), 39.00 metres at 3.00 g/t, and 19.00 metres at 3.80 g/t [1][7] - A new exploration target, Theia West, has shown promising early results with initial drilling returning 1.00 metre at 24.00 g/t and 3.00 metres at 4.00 g/t, including 1.00 metre at 10.00 g/t [3][9] Exploration Potential - The mineralized structure at Theia West may extend over two kilometers, suggesting a significant exploration corridor [4][10] - Parallel drilling activities are ongoing at the Kamperman deposit, targeting high-grade zones, while diamond drilling at Theia has intersected known mineralization [4][12] Future Expectations - Remaining infill results and initial diamond assays are anticipated before the end of the year, with lab turnaround times of two to three weeks [5][13] - The company is optimistic about additional high-grade mineralization being demonstrated in upcoming results [11][12]
Cape Ray drilling begins at AuMEGA Metals project - ICYMI
Proactiveinvestors NA· 2025-11-21 07:39
Core Viewpoint - AuMEGA Metals Ltd has initiated a diamond drilling program at its Cape Ray Project in Newfoundland and Labrador, focusing on a newly identified electromagnetic anomaly that is approximately 500 metres southeast of the central zone deposit [1][6]. Exploration Details - The identified anomaly is near an access road and has been historically overlooked, despite proximity to a high-grade gold sample of 111.5 grams per tonne collected years ago [2][7]. - The target area is characterized by significant structural features and is adjacent to the highest-grade section of the company's resource [2][12]. Drilling Program - The CEO indicated that early data prompted a swift response, leading to the mobilization of a second drill rig, with plans to continue drilling through the end of the year [3][14]. - The company aims to maximize drilling efforts before Christmas, with a focus on the EM anomaly and additional targets at Cape Ray West [3][10]. Additional Targets - AuMEGA is also exploring the Cape Ray West area, where a recent till program has revealed a multi-kilometre gold trend along the Isle aux Morts granite, previously thought to be unmineralized [3][12]. - Preliminary data from the granite area has shown promising signs, and the company is awaiting assay results to further inform its exploration strategy [4][13]. Future Outlook - The company is expecting results from multiple exploration zones, which will contribute to an expanded pipeline of drill targets leading into 2026 [4][16]. - The CEO expressed optimism about the potential for significant discoveries that could enhance shareholder value [10][11].
Regis Resources Limited (RGRNF) Shareholder/Analyst Call Transcript
Seeking Alpha· 2025-11-21 07:23
Core Points - The company reported a standout performance in 2025, attributed to a significant increase in gold prices and excellent operational performance, alongside the team's sustained efforts and planning over previous years [5]. Group 1: Company Performance - The company experienced a notable increase in gold prices, contributing to its strong performance [5]. - The operational performance of the company was highlighted as excellent during the year [5]. - The successful close-out of the hedge book in the prior year was mentioned as a factor in the company's performance [5]. Group 2: Leadership and Governance - The Chairman welcomed attendees to the Annual General Meeting and acknowledged the traditional owners of the land [1][2]. - The agenda for the meeting included a Chair address, formal meeting administration, resolutions, and a presentation by the CEO [3]. - Key directors and executives were introduced, including the Managing Director and CEO, Chief Financial Officer, and Chief Operating Officer [4].
TD Securities Trims Price Target on Alamos Gold (AGI) but Keeps Buy Rating
Yahoo Finance· 2025-11-21 06:45
Core Insights - Alamos Gold Inc. (NYSE:AGI) is recognized as one of the 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term [1] - TD Securities has reduced the price target for Alamos Gold to C$55 from C$56 while maintaining a Buy rating [2] Financial Performance - In Q3 2025, Alamos Gold sold 136,473 ounces of gold at an average realized price of $3,359 per ounce, resulting in record quarterly revenue of $462.3 million [3] - Gold production increased to 141,700 ounces, a 3% rise from the previous quarter, with improved results from both the Mulatos mine and the Island Gold District [3] - The company achieved record free cash flow of $130.3 million while continuing to invest in its growth pipeline [3] Operational Highlights - Operating cash flow reached an all-time high of $265.3 million, reflecting a 33% increase from Q2, driven by higher gold prices and lower costs [4] - Management anticipates a production increase of approximately 18% in Q4, projecting output between 157,000 and 177,000 ounces, marking the strongest quarter of the year [4] Company Overview - Alamos Gold Inc. is a North American gold producer based in Canada, operating three diversified mining operations in the region [5]
Gold confirmed in 8 of 9 holes at Mt Turner - ICYMI
Proactiveinvestors NA· 2025-11-21 06:20
Core Viewpoint - Lightning Minerals Ltd has confirmed significant gold mineralisation at its Mt Turner project, marking a successful phase one drilling campaign and indicating a target-rich environment for future exploration [1][5][6]. Drilling Results - Gold mineralisation was confirmed in eight out of nine drill holes along the Drummer Fault, with notable intersections of high-grade gold and base metals like zinc [1][6]. - The known mineralised strike has been extended to 12.00 kilometres, with high-grade samples including one result of 22 grams per tonne gold recorded approximately 2.50 kilometres west of Pit 6 [2][6]. Project Potential - The Mt Turner project hosts multiple mineral systems, including copper porphyry, base metals, and gold, indicating a diverse exploration opportunity [2][6]. - Historical mining activities from the 1980s and 1990s have already suggested the region's potential, with six pits now included in the exploration focus [3][8]. Future Plans - A phase two drilling campaign is planned, prioritising targets based on recent soil and rock chip data, with Pit 3 and Pit SA likely to be the starting points [4][9]. - Approximately 20% of phase two drilling will be dedicated to Wildcat targets, focusing on areas with strong structural indicators and positive geochemical results [4][10]. Company Focus - Mt Turner has quickly become the core focus for Lightning Minerals, providing a strong platform for further exploration into 2026 [5][10]. - The company aims to build a resource based on the promising results from the initial drilling and ongoing exploration efforts [3][6].
Novo reports gold, antimony hits at Pilbara sites - ICYMI
Proactiveinvestors NA· 2025-11-21 06:06
Core Insights - Novo Resources Corp has reported new high-grade gold and antimony findings from its Pilbara tenements, with gold grades reaching up to 77.5 grams per tonne from the Teichman project [1][6] - Historical samples from the region have shown assays up to 108 grams per tonne of gold, confirming the potential of the area [2][8] - The company plans to return to Teichman for drilling in 2025 to further investigate the identified gold mineralization [3] Exploration and Findings - Recent fieldwork has been successful, with geological teams completing sampling after previous land access constraints [2][5] - High-grade antimony results were also reported from the Sherlock project, indicating a broader potential for mineralization in the region [3] - The Teichman project is strategically located near significant projects, including a joint venture with Northern Star and the 13 million ounce Hemi project [3][7] Future Plans - The company aims to conduct drilling at Teichman in 2025 to better understand the source of high-grade rock chip samples [3][8] - The exploration work continues across Pilbara and New South Wales, following earlier successes at Tibooburra [4]