Core Viewpoint - Viva Gold Corp has filed a Preliminary Economic Assessment (PEA) report for the Tonopah Gold Project, indicating its potential viability for development as an economic open pit gold mine [1][2]. Project Overview - The Tonopah Gold Project is located approximately 20 minutes from Tonopah, Nevada, and the PEA was prepared by WSP Canada Inc. and Kappes, Cassiday Associates [1][2]. - The project is designed to operate at a rate of 45,000 tonnes per day over a seven-year mine life, producing approximately 75,000 ounces of gold annually for the first two years, with an average of 50,000 ounces per year in years three to seven [3]. Economic Results - The after-tax net present value (NPV) at a 5% discount rate is estimated at $111.6 million at a gold price of $2,400 per ounce, increasing to $363.6 million at $3,200 per ounce [4]. - The after-tax internal rate of return (IRR) is projected at 17.6% at $2,400 per ounce, rising to 43.4% at $3,200 per ounce [4]. - The after-tax payback period is estimated at 3.6 years at $2,400 per ounce, decreasing to 1.8 years at $3,200 per ounce [4]. Cost Structure - Average production cash costs are projected at $1,164 per ounce of gold, with an all-in sustaining cost (AISC) of $1,269 per ounce [4]. - Pre-production capital expenditure is estimated at $219.9 million, with $22.2 million in working capital and additional sustaining capital of $70.4 million [4]. Future Work Program - The future work program recommended by WSP and KCA includes further refinement and optimization of the final mine and process plan, with a focus on improving capital and operating costs [2][4]. Management and Company Background - Viva Gold is led by CEO James Hesketh, who has extensive experience in the mining industry, having developed and constructed eight other mines globally [7][8]. - The company is advancing the Tonopah Gold Project with the support of institutional shareholders and is committed to environmentally and socially responsible development [9][8].

BEVERLY HILLS, Calif., Aug. 21, 2025 /PRNewswire/ -- Buscar Company (OTC: CGLD), a diversified holding company focused on natural resources, sustainable technologies, and pharmaceuticals, today announced a significant milestone in its path to becoming a fully reporting company with the U.S. Securities and Exchange Commission (SEC) and uplisting to the OTCQX Market, the premier tier of OTC Markets. The company has successfully filed its fiscal year financial statements for the period ended June 30, 2025, on ...

Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About ...

Fortuna Mining (NYSE: FSM ) has gone through significant changes over time, shifting from a predominantly-silver miner to a company that now barely has any silver production and is predominantly mining gold, expecting to produce 309,000As of 2025, I've got over 10 years of researching companies. In total, throughout my investing life, I estimate that I researched (in depth) well over 1000 companies, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market ...

Key Takeaways Newmont Corporation (NEM) continues to take steps to improve its leverage profile. It retired $372 million of debt during the second quarter. NEM ended the second quarter with net debt of $1,422 million, down from $3,221 million at the end of the prior quarter. Notably, Newmont has reduced debt by $1.4 billion since the beginning of 2025. The deleveraging was backed by strong free cash flow generation. NEM's free cash flow surged nearly threefold year over year and 42% from the prior quarter t ...

Core Viewpoint - Callinex Mines Inc. has established a wholly-owned subsidiary, Osawi Gold Corp., to focus on advancing its gold projects in Manitoba, specifically the Gossan Hill and Island Lake Gold Projects, while maintaining its core operations in base and precious metals [2][3][17]. Group 1: Company Strategy - The formation of Osawi Gold Corp. aims to maximize the value of Callinex's high-grade gold exploration assets in Manitoba [3][17]. - The company intends to explore strategic initiatives that will enhance shareholder value without dilution [17]. - Osawi Gold Corp. is positioned to capitalize on the current and foreseeable gold market, creating prosperity for stakeholders [3][17]. Group 2: Gossan Hill Gold Project - The Gossan Hill Gold Project spans 2,935 hectares and includes the historic Gurney Gold Mine, which produced 25,164 ounces of gold at an average grade of 8.64 g/t from 1937 to 1939 [4][8]. - The project features a high silver-to-gold ratio of 2.86:1, indicating potential for significant silver production alongside gold [4]. - Historical drilling results show promising gold mineralization, with multiple gold zones identified within quartz veining along a 5km shear zone [6][8]. Group 3: Island Lake Gold Project - The Island Lake Gold Project covers approximately 40,000 hectares and has a significant potential for high-grade gold discovery [11]. - The project includes the historic Ministik deposit, which has a reported historic resource of 166,439 ounces of gold at a grade of 0.39 oz/ton (13.37 g/t) [13]. - There has been no exploration on the main vein of the Ministik deposit since 1987, indicating potential for future resource development [12][18]. Group 4: Community Engagement - Osawi Gold Corp. is committed to building a working relationship with the Garden Hill First Nation, emphasizing respect and alignment with community values [15][16]. - The company prioritizes responsible stewardship and aims to ensure that exploration activities align with the rights and aspirations of the First Nations [16].

Core Viewpoint - Callinex Mines Inc. has established a wholly-owned subsidiary, Osawi Gold Corp., to focus on advancing its gold projects in Manitoba, specifically the Gossan Hill and Island Lake Gold Projects, while maintaining its core operations in base and precious metals [2][3][9]. Group 1: Formation of Osawi Gold Corp. - The creation of Osawi Gold Corp. aims to unlock the potential of Callinex's gold assets and enhance focus on high-grade gold exploration in Manitoba [2][3]. - The subsidiary will allow Callinex to explore strategic initiatives that could deliver significant value to shareholders without diluting existing shares [3][18]. Group 2: Gossan Hill Gold Project Overview - The Gossan Hill Gold Project spans 2,935 hectares and includes the historic Gurney Gold Mine, which produced 25,164 ounces of gold at an average grade of 8.64 g/t from 90,500 tonnes of material [4]. - The project features a high silver-to-gold ratio of 2.86:1, indicating potential for valuable silver alongside gold [4]. - Historical drilling has shown promising results, with mineralization remaining open along strike and at depth, suggesting opportunities for resource expansion [6][9]. Group 3: Island Lake Gold Project Overview - The Island Lake Gold Project covers approximately 40,000 hectares and has a significant strike length of 72 km within the Island Lake Greenstone Belt, which has hosted historic gold mines [12][13]. - The project includes the Ministik deposit, which has a reported historic resource of 166,439 ounces of gold at a grade of 0.39 oz/ton (13.37 g/t) [14]. - Previous exploration efforts have indicated potential for high-grade gold and other critical minerals, with numerous occurrences of gold found within the project area [12][14]. Group 4: Strategic Initiatives and Community Engagement - Callinex is evaluating strategic initiatives to enhance the value of its gold projects, including fostering relationships with stakeholders [18]. - The company emphasizes the importance of building a working relationship with the Garden Hill First Nation, ensuring that exploration aligns with community values and priorities [16][17].

Vancouver, British Columbia – TheNewswire - August 21, 2025 –Nordique Resources Inc. ("Nordique" or the "Company") (CSE: NORD, OTCQB: NORDF, FSE: V0U) is pleased to announce the commencement of its 2025 Base-of- Till (BOT) drill program at the Isoneva Gold Project in central Finland. Highlights "Launching our first drill program at Isoneva is an exciting milestone," stated Sharyn Alexander, CEO. "With high grade boulder trains, strong geophysical anomalies, and a proven local technical team, we are systemat ...

Accessibility StatementSkip Navigation Taj Singh, CEO of FNM, comments: "We are encouraged by this first batch of results, with notable grade- width combinations seen in many of the gold intercepts. The identification of multiple parallel mineralized zones adjacent to the Central Zone (original discovery) is particularly compelling; not only does it build on cumulative strike length, but any future development could potentially be shared across the zones. The area around the Central Zone remains the only pa ...

Founders Metals Provides Exploration Update on Emerging Targets at Antino August 21, 2025 7:30 AM EDT | Source: Founders Metals Inc. Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces significant progress in its surface exploration program at the Antino Gold Project ("Antino" or "Project") in southeastern Suriname. The Company has completed extensive sampling at the Maria Geralda and Parbo targ ...