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West Red Lake achieves commercial production at Madsen gold mine
Yahoo Finance· 2026-01-12 14:14
Core Viewpoint - West Red Lake Gold has successfully achieved commercial production at its Madsen gold mine, marking a significant milestone in its operational timeline [1][3]. Production and Performance - The Madsen mine reached an average throughput of 689 tonnes per day (tpd) in December 2025, which is 86% of the permitted capacity of 800 tpd, meeting the requirement for commercial production [1]. - The mill achieved an average gold recovery rate of 94.6% in December, resulting in the production of 3,215 ounces of gold [2]. - In Q4 2025, the mine processed a total of 49,162 tonnes of ore at an average gold grade of 5.06 grams per tonne (g/t), with a mill recovery of approximately 95%, leading to the production of 7,379 ounces of gold [5]. Financial Performance - The operation generated $30 million (C$41.62 million) from sales in Q4 2025, with an average gold price of $4,150 per ounce [5]. - Throughout 2025, the mine sold a total of 20,000 ounces of gold at an average price of $3,650 per ounce, yielding $73 million in revenue [6]. - By the end of 2025, the company reported having C$46 million in cash and gold receivables [6]. Future Outlook - The company anticipates that the Madsen mine will reach sustained permitted capacity by mid-2026, with most mill feed expected to come from the high-grade 4447 area in South Austin [4]. - The first quarter of 2026 is projected to see an average gold grade of over six grams per tonne from the mill feed [4].
Everest Metals begins mining operations at Mt Dimer project, WA
Yahoo Finance· 2026-01-12 14:05
Core Viewpoint - Everest Metals Corporation (EMC) and MEGA Resources have commenced mining operations at the Mt Dimer Taipan Gold Project in Western Australia, marking a significant transition from exploration to production phase [1][4]. Group 1: Project Overview - The Mt Dimer Taipan Gold Project is located 150km north-west of Kalgoorlie and has entered the production phase after completing site preparations and deploying the mining fleet [1]. - The project is supported by a right to mine agreement with MEGA Resources, established in October 2025, which provides up to A$18.6 million (approximately $12.47 million) in non-dilutive capital [2]. Group 2: Financial and Resource Details - The Mt Dimer Taipan project contains an inferred mineral resource of 722,000 tonnes at 2.1 grams per tonne gold, equating to approximately 48,545 ounces of gold, and also holds 3.84 grams per tonne of silver, totaling around 89,011 ounces of silver [2]. - Operational cash flow from the project will cover expenses, with any net surplus shared equally between Everest Metals and MEGA Resources [2]. Group 3: Future Plans and Approvals - Everest Metals plans to commence toll treatment of ore in March 2026 at a facility in Kalgoorlie with a capacity of 200,000 tonnes per annum [3]. - The company received approval for its mining proposal and mine closure plan from the WA Department of Mines, Petroleum and Exploration in August 2025, facilitating the start of mining operations [3]. Group 4: Management Insights - Everest Metals' executive chairman and CEO Mark Caruso highlighted the swift transition from exploration drilling to active mining, showcasing the team's execution capability and the strength of the partnership with MEGA [4]. - The Mt Dimer project has a history of exploration activities dating back to 1992, and Everest Metals acquired the mining lease in 2020 [4].
Fortitude Gold Commences Scarlet South Mine Operations
Accessnewswire· 2026-01-12 14:00
COLORADO SPRINGS, COLORADO / ACCESS Newswire / January 12, 2026 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") today announced its Scarlet South Mine has commenced operations and has delivered its first shipment of mineralization to the Company's Isabella Pearl gold processing facility. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. ...
Sky Gold Corp. Assigns Shebandowan Star Lake Option to Gold X2
Accessnewswire· 2026-01-12 14:00
Core Viewpoint - Sky Gold Corp has entered into a definitive agreement with Gold X2 Mining Inc for the acquisition of its interest in the Star Lake claims located in northwestern Ontario [1] Group 1 - The agreement involves a staged acquisition of Sky Gold's interest in an option agreement for the Star Lake claims [1] - The Star Lake claims are situated approximately 60 kilometers west of Thunder Bay, Ontario [1] - The initial press release regarding this agreement was dated March 23, 2023, and was amended on July 11, 2025 [1]
Sixty North Gold Provides Project Update
TMX Newsfile· 2026-01-12 14:00
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to provide an update on its plan to commence gold production this year on its wholly-owned Mon Property, Yellowknife, NWT.Our mill provider confirms all equipment will be ready for shipping next week, to be delivered by ship to Vancouver and rail to Edmonton. A six-unit trailer camp has been purchased in Alberta and has be ...
Wide Gold Intercepts Extend Colosseum Resource Zones
Accessnewswire· 2026-01-12 13:00
Core Viewpoint - Dateline Resources Limited has announced positive drilling results from its Colosseum Gold and Rare Earth Element Project, indicating improved mineralisation continuity and results extending beyond the current resource envelope [1] Group 1: Drilling Results - The company conducted drilling with six diamond and ten reverse circulation (RC) holes around the South and North Pits [1] - The assay results from these holes have shown improvements in the continuity of mineralisation [1] - Several results obtained were outside the previously defined mineral resource envelope, suggesting potential for resource expansion [1]
Gold price today, Wednesday, January 14: Gold price opens near $4,600 then reaches new high
Yahoo Finance· 2026-01-12 12:53
Group 1: Gold Price Movement - Gold futures opened at $4,594.30 per troy ounce, down 0.1% from the previous closing price of $4,599.10, but later rose 1.2% to an all-time high of $4,647.60 [1][2] - Gold's one-year gain was reported at 74.5% as of December 29, with recent weekly, monthly, and yearly changes showing increases of 3.2%, 7.4%, and 71.8% respectively [5][8] Group 2: Political Influence on Gold Prices - Concerns regarding the Federal Reserve's independence from political pressure have contributed to the recent surge in gold prices, particularly following the Trump administration's actions against Fed Chair Jerome Powell [2][4] - A coalition of 10 central bank and financial institution leaders issued a statement supporting Powell, emphasizing the importance of central bank independence for economic stability [3] Group 3: Investment Options in Gold - Various methods to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures, each with distinct advantages and disadvantages [6][9] - Physical gold is tangible and easily accessible, while gold mining stocks can be volatile due to their dependence on gold prices and geopolitical risks [13][17] - Gold ETFs track the price of gold and offer greater liquidity, but they come with fund fees that can dilute returns [19][23] - Gold futures allow for leverage and convenience but carry higher risks and complexity [21][24]
Forrestania Resources initiates drilling at Lady Lila Project in Australia
Yahoo Finance· 2026-01-12 12:26
Core Insights - Forrestania Resources has commenced a diamond drilling program at the Forrestania Hub in Western Australia, specifically targeting the Lady Lila Project following successful verification of historical gold drilling results [1][3] Group 1: Drilling Program Details - The current drilling campaign aims to explore the extent of mineralisation along the north-south strike and at depth, involving 1,300 meters of diamond core tail drilling [2] - The drilling operation is supported by Terra Drilling based in Kalgoorlie-Boulder [2] Group 2: Project Development and Resource Estimates - This is the first drilling program since the grant of mining lease M77/1325, and it will provide samples for metallurgical test work [3] - The mineral resource estimate for the Lady Lila deposit has been upgraded to 1.2 million tonnes at 1.03 grams per tonne of gold, totaling 40,513 ounces at a 0.5 grams per tonne cut-off [4] Group 3: Strategic Expansion and Acquisitions - Forrestania Resources is actively expanding its gold exploration and development activities across Western Australia's mining districts, focusing on building a multi-asset gold production business [5] - The company has entered into a binding heads of agreement to acquire Mantis Resources for A$235,000 in shares, which holds two exploration licenses in the Lake Johnston Operations area [6]
Westgold Resources: Solid Upswing With Its Unhedged Gold Growth Strategy
Seeking Alpha· 2026-01-12 12:15
Alberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the c ...
Gold X2 Mining Announces Agreement to Assume Option for Greenfields Target at Star Lake
TMX Newsfile· 2026-01-12 12:00
Core Viewpoint - Gold X2 Mining Inc. has signed a definitive agreement to acquire Sky Gold Corp.'s interest in the Star Lake claims, which will enhance its land package in the Shebandowan Greenstone Belt to 40,456 hectares, positioning the company for potential major discoveries in the region [1][4][6]. Acquisition Details - The Star Lake Property covers 10,540 hectares and is located approximately 23 kilometers east of Gold X2's Moss Gold Project [1][4]. - The acquisition will be executed in stages, allowing Gold X2 to earn 50%, 75%, and ultimately 100% of the Option Interest in the Star Lake Property [8][9][10][11]. Exploration Potential - The Star Lake Property hosts one of only four significant gold-in-till anomalies in the Shebandowan Greenstone Belt, indicating strong exploration potential [5][6]. - Historical sampling has shown high gold values, with concentrations reaching up to 5,250 ppb, suggesting a local bedrock source for the gold [7]. Financial Terms - To acquire 50% of the Option Interest, Gold X2 must provide $395,200 in assessment credits, issue shares valued at $75,000 to Sky Gold, and pay $200,000 to the Local Prospector by March 14, 2026 [9]. - The subsequent stages require additional exploration spending and share issuances, with no time limits for the 75% and 100% acquisitions [10][11]. Company Update - Michael Kanevsky has been appointed as Corporate Secretary, succeeding Juciane Gomes, who is stepping down [16]. Company Background - Gold X2 is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, with a current emphasis on the Moss Gold Project, which has a mineral resource estimate of 1.54 million ounces of Indicated gold resources [18].