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[Video Enhanced] West Red Lake Gold 2025 US$73 million Gold Sales in Rear View Mirror as 2026 Commercial Production Begins
Thenewswire· 2026-01-13 13:30
Core Viewpoint - West Red Lake Gold Mines has commenced commercial production at its Madsen Gold Mine, marking a significant milestone for the company and the project [1][2]. Production and Performance - The Madsen Gold Mine achieved commercial production on January 1, 2026, following a successful December where tonnage, grade, recoveries, and production met expectations [2][5]. - In December 2025, the mine milled 21,389 tonnes at 86% of permitted daily mill capacity, with a gold grade of 4.94 g/t, resulting in the production of 3,215 ounces of gold [2][6]. - The average mill recovery rate was 94.6% in December, contributing to the production of 3,215 ounces of gold [3][6]. - For Q4 2025, the mine produced a total of 7,200 ounces of gold, sold at an average price of US$4,150 per ounce, generating total gold sales revenue of US$30 million [11][13]. Financial Overview - The company reported a total of 20,000 ounces of gold poured in FY 2025, with gross proceeds of US$73 million at an average sale price of US$3,650 per ounce [7][8]. - As of the end of the year, the company had CAD$46 million in cash and receivables [8]. Future Plans and Expectations - The company plans to continue mining predominantly from the high-grade 4447 area, expecting mill feed to average better than 6 g/t gold in the upcoming quarter [7]. - The company aims to ramp up production to reach sustained permitted capacity by mid-2026 and will release 2026 guidance during Q1 2026 [13]. - Future exploration efforts will focus on delineating new high-grade areas and completing a prefeasibility study for the Madsen-Rowan project [10]. Resource Estimates - The Madsen Mine currently hosts an indicated resource of 1.65 million ounces of gold at a grade of 7.4 g/t and an inferred resource of 0.37 million ounces at 6.3 g/t [16].
A2 GOLD DRILLS 2.9 G/T GOLD OVER 20 METRES AT MCINTOSH ZONE
Prnewswire· 2026-01-13 13:15
Core Insights - The recent drill results from A2Gold's Eastside Gold-Silver Project indicate significant extensions of gold and silver mineralization down to 480 meters, which is approximately 70 meters deeper than previously known mineralization from the 2021 program, with notable grades of 3.25 g/t Au and 3.37 g/t Ag over 4.6 meters [1][3] Geological Interpretation - The drill holes were strategically designed to assess the continuity and grade distribution of mineralization within the Eastside structural corridor, revealing broad mineralized intervals with higher-grade zones, which supports the interpretation of a laterally extensive and vertically continuous gold-silver system [2] Company Strategy and Future Plans - A2Gold's CEO highlighted that these drill results are crucial for demonstrating the scale and quality of the Eastside system, with the upcoming NI 43-101 mineral resource update expected in early 2026, which will incorporate these findings [3] - The company plans an 18,000-meter RC drill program starting around January 19, 2026, focusing on in-fill drilling at McIntosh and Castle, step-out drilling to expand the mineralized footprint, and testing high-priority exploration targets identified from a recent geophysics program [4] Resource Overview - The Eastside Gold-Silver Project currently hosts an inferred resource of 1.4 million ounces of gold and 8.8 million ounces of silver, with mineralization open in all directions, covering a land package of 92 km² [6][7] - The project includes multiple high-priority zones such as McIntosh and Castle, which are expected to contribute to resource growth [6][9] Assay and Quality Control - All drill core samples underwent rigorous logging, splitting, and secure transportation to a preparation facility, with gold analyses conducted using standard fire assay methods, and a quality assurance program was implemented to ensure the accuracy and reliability of the analytical results [4]
Blue Lagoon Adds Second Underground Shift as Dome Mountain Moves Into Higher-Throughput Phase
Thenewswire· 2026-01-13 13:00
Core Viewpoint - Blue Lagoon Resources Inc. is enhancing its underground gold-mining operations at the Dome Mountain Gold Mine, aiming to meet production targets through increased shifts and improved operational efficiency [1][4]. Group 1: Production and Operations - The company has initiated a second underground production shift, which is expected to boost output across multiple mining faces due to the arrival of additional equipment [1]. - Shipments of mineralized material to the toll milling partner are ongoing, with volumes anticipated to double as mining rates increase [2]. - New mining faces are expected to come online by the end of the month, supporting a consistent production and delivery schedule [2]. Group 2: Operational Efficiency - The company has engaged mining consultant Tom Rannelli to optimize development and enhance underground productivity [3]. - Experienced underground specialists are being brought in to refine mine planning and execution, contributing to increased productivity [4]. Group 3: Company Background and Strategy - Blue Lagoon Resources is a Canadian-based mining company focused on growth, operating the Dome Mountain Gold Mine, which is 100% owned [5]. - The company achieved a significant milestone in February 2025 by obtaining a full mining permit, allowing it to commence underground mining operations [6]. - Plans are in place to reinvest internally generated cash flow into exploration to expand the resource base [6]. Group 4: Commitment to Sustainability - The company emphasizes sustainability, community engagement, and First Nation collaboration, aiming to be a profitable gold producer while creating lasting value for stakeholders [7].
Abcourt Announces the Appointment of Loïc Bureau as Chief Operating Officer
Globenewswire· 2026-01-13 13:00
Core Viewpoint - Abcourt Mines Inc. has appointed Mr. Loïc Bureau as Chief Operating Officer, effective immediately, to enhance operational activities and focus on the company's strategic goals [1][6]. Group 1: Leadership Appointment - Mr. Loïc Bureau is a trilingual engineer with over twenty years of experience in mining operations management and corporate governance [2]. - He previously served as General Manager at Pershimco Resources Inc., overseeing operations and budget management across Canada, Mexico, and Panama [3]. - Bureau has also contributed to education in the mining sector while serving as Chairman of the Board of Directors of Pershimex Resources, leading to a successful merger with Abcourt Mines [5]. Group 2: Strategic Importance - Bureau expressed enthusiasm about joining Abcourt Mines and emphasized the significance of the recent return to production at the Sleeping Giant mine as a strategic milestone [6]. - Pascal Hamelin, President and CEO, highlighted that 2026 will be an exciting year for Abcourt, with Bureau's expertise being a valuable asset for growth and production commencement at the Sleeping Giant Mine [6]. Group 3: Financial Developments - On December 22, 2025, Abcourt Mines announced binding terms with Glencore AG for senior debt financing of up to US$30 million and a production purchase agreement, with a final agreement expected soon [7]. Group 4: Company Overview - Abcourt Mines Inc. is a gold producer and exploration corporation with strategically located properties in northwestern Québec, including the Sleeping Giant mill and mine [8].
New Gold (NGD) Touches 13-Year High on Gold’s Jump
Yahoo Finance· 2026-01-13 12:47
Group 1 - New Gold Inc. (NYSEAMERICAN:NGD) reached a new 13-year high, driven by a surge in gold prices amid geopolitical tensions [1][4] - The stock increased by 7.9% during intra-day trading, peaking at $10.79, before closing up 5.40% at $10.54 [2] - Spot gold prices soared to an all-time high of $4,600 following concerns over the Federal Reserve's independence due to political pressures [2][3] Group 2 - The rally in gold prices is expected to enhance profit margins for mining companies like New Gold Inc. [4] - Investors are increasingly seeking safety in gold due to ongoing geopolitical issues, particularly in Iran [3]
Galleon Gold Moves West Cache into Execution Phase with Surface Development Underway
TMX Newsfile· 2026-01-13 12:45
Core Viewpoint - Galleon Gold Corp. has commenced surface site development activities at its West Cache Gold Project, marking a significant transition from permitting to execution, with plans for an 86,500-tonne bulk sample extraction [1][5]. Surface Development Program - The initial phase of construction has been awarded to Aki-Caron, a joint venture known for prioritizing safety, environmental stewardship, and local participation [2]. - Initial surface work includes the construction of mine area pads, access roads, overburden excavation, and the start of water management infrastructure [3]. Utilities Infrastructure Progress - Progress on utilities includes the completion of the corridor for a 27.6 kV distribution line, with high-voltage line installation approximately 60% complete [4]. Derisked Development - The underground test mining and bulk sampling program aims to provide essential data for future feasibility studies, reducing technical and execution risks for the West Cache Project [5]. About the West Cache Gold Project - The West Cache Gold Project spans approximately 11,600 hectares and is located 13 km west of Timmins, Ontario, within a favorable geological setting [8]. About Galleon Gold - Galleon Gold is focused on advancing the West Cache Gold Project through a disciplined strategy aimed at resource growth and unlocking long-term shareholder value [9].
TomaGold Completes Initial Two-Year Option Commitments with Chibougamau Independent Mines and Amends Option Agreement with Globex Mining Enterprises
Businesswire· 2026-01-13 12:30
Core Viewpoint - TomaGold Corporation has successfully fulfilled all acquisition commitments for the first two years of its option agreement with Chibougamau Independent Mines Inc. to acquire a 100% interest in several mining properties [1] Group 1: Acquisition Details - The properties involved in the acquisition include the Berrigan Mine, Berrigan South, Antoinette Lake, Élaine Lake, and Gwillim properties [1] - This milestone is significant as it positions the company within a highly prospective area for mining [1]
Cartier Builds on 2025 Success to Drive 2026 Growth
Globenewswire· 2026-01-13 12:30
Core Insights - Cartier Resources Inc. is focused on gold exploration and development in Canada, particularly advancing its Cadillac Project to enhance shareholder value [1][8] 2025 Accomplishments - The Cadillac Project saw significant advancements in geological understanding and growth potential, with the first 20,000 meters of drilling yielding strong results, particularly in the North Contact Zone, which returned multiple high-grade gold intersections [4] - The company achieved a significant gold resource growth, reporting 9,953,000 tonnes at a grade of 2.40 g/t Au for 767,800 ounces Measured and Indicated, a 7% increase, and 35,185,000 tonnes at a grade of 2.14 g/t Au for 2,416,900 ounces Inferred, a 48% increase [5] - A major 100,000-meter diamond drill program was launched, aimed at demonstrating the Cadillac Project's potential to host an emerging mining camp, with drilling on schedule and on budget [5] Strategic Developments - The company initiated a restructuring of its management team to position itself for the next phase of growth and secured significant funding to support its plans [5] - Cartier optioned three properties to Exploits Discovery Corp., allowing Exploits to earn a 100% interest by paying CAD 1,750,000 in cash, issuing 9,250,000 common shares, and incurring at least CAD 12,250,000 in expenditures [5] - The company is testing a suite of highly prospective artificial intelligence targets to enhance its exploration strategy [5] Future Outlook for 2026 - 2026 is expected to be an active year for Cartier, with plans to advance the Cadillac Project toward its next development stage [3] - The company anticipates delivering metallurgy and environmental baseline studies in Q2 and Q3 of 2026, which will provide essential data for upcoming engineering decisions [5] - The company aims to run new iterations and model simulations on updated resources with strengthened gold prices for the next scoping study [5]
Sranan Gold Reports 11 Metres Grading 7.33 g/t Gold Including 4 Metres at 14.59 g/t Gold at Randy's Pit Target, Tapanahony Project, Suriname
TMX Newsfile· 2026-01-13 12:30
Core Viewpoint - Sranan Gold Corp. reports continued positive diamond drill results from the Randy's Pit target within the Tapanahony Gold Project in Suriname, indicating potential for further gold mineralization and expansion of the mineralized shear zone [1][4]. Group 1: Drilling Results - The company completed 4,189 meters of drilling in the second half of 2025, with diamond drilling set to resume in January 2026 [1]. - Significant intercepts include hole 25RADD-011, which intersected 11.0 meters grading 7.33 grams per tonne gold, including 4.0 meters at 14.59 g/t Au [4]. - Hole 25RADD-012 showed 10.0 meters at 1.08 g/t Au, with a notable 0.6 meters at 11.64 g/t Au [4]. - The mineralized shear corridor ranges from 50 to 150 meters in width, with mineralization defined for at least 900 meters of strike [4]. Group 2: Geological Context - Drill intercepts are associated with strong alteration in basaltic host rocks, typical for orogenic gold systems in the Guiana Shield [2]. - Observations include pyrite and pyrrhotite along shear planes and within late-stage fractures, indicating a robust geological environment for gold mineralization [2]. Group 3: Future Plans - The company aims to expand the mineralized shear zone along strike and downdip at the Randy's Pit target, with additional high-grade gold shoots as a primary objective [4]. - Assay results from four additional diamond drill holes are pending, which may further inform the exploration strategy [4]. Group 4: Company Overview - Sranan Gold Corp. is focused on mineral exploration and acquisition of mineral property assets in Suriname and Canada, with the Tapanahony Project covering 29,000 hectares in a prolific gold mining district [12].
Directorate Change
Globenewswire· 2026-01-13 12:29
Core Viewpoint - Endeavour Mining plc has announced the appointment of Alison Henwood as an Independent Non-Executive Director, effective from 13 January 2026, following the retirement of Livia Mahler from the Board after nine years of service [2][3]. Group 1: Appointment Details - Alison Henwood will join the Board as an Independent Non-Executive Director on 13 January 2026 [2]. - Livia Mahler will retire from the Board at the 2026 AGM in May, and no other Board changes are expected this year [2]. Group 2: Contributions and Experience - Srinivasan Venkatakrishnan, Chair of the Board, expressed gratitude for Livia Mahler's contributions, particularly as Chair of the Remuneration Committee, and welcomed Alison Henwood for her extensive experience in the extractive industry and finance [3]. - Alison Henwood has a strong background in finance, primarily in the energy sector with Shell Group, where she served as Executive Vice President Finance for Shell Trading & Supply [4]. - Henwood's expertise includes risk management, audit, governance, strategy, and sustainability, supported by a PhD from Cambridge and technical finance qualifications [4]. Group 3: Previous Roles - Recently, Alison Henwood held a non-executive role with Spectris Plc as Lead Non-Executive Director for Sustainability and was a member of the Audit Committee [5]. - She is currently the Audit Committee Chair for Umicore SA and part of the Sustainability Committee [5].