Workflow
Gold Mining
icon
Search documents
Element Solutions Acquires EFC, Adds to its High-Value Portfolio
ZACKS· 2026-01-06 16:36
Core Insights - Element Solutions Inc. (ESI) has completed the acquisition of EFC Gases & Advanced Materials, enhancing its offerings in specialty and rare gases and advanced materials [2] - EFC will operate as a standalone business unit within the newly renamed "Specialties Segment," which is expected to drive growth in semiconductor manufacturing, electrical transmission infrastructure, and space applications [2][6] - The new segment is focused on niche, high-value markets with an emphasis on value-added technical service, supporting long-term revenue streams and pricing resilience [3] Financial Expectations - ESI anticipates mid-single-digit growth from the new segment, with adjusted EBITDA margins exceeding 20% and a durable cash flow profile [4][6] - The acquisition aligns with ESI's strategy to enhance overall business quality and profitability [4] Market Performance - ESI's shares have increased by 2.8% over the past year, outperforming the industry average growth of 0.9% [4]
Agnico, Aya and Gunnison lead MDC December rankings
MINING.COM· 2026-01-06 15:29
Core Insights - The December Global Mining Power Rankings highlighted Agnico Eagle, Aya Gold & Silver, and Gunnison Copper as top performers, driven by investor sentiment, rising commodity prices, and effective execution strategies for 2025 [1][2]. Large-Cap Companies - Agnico Eagle led the large-cap category with 11.9% of votes, benefiting from consistent production across multiple countries and strong cost control, resulting in a 116% share price increase in Toronto and 125% in New York over the past year [3][4][5]. - The company reaffirmed its 2025 production outlook of 3.3 to 3.5 million ounces of gold and reported approximately $3.1 billion in free cash flow for the first nine months of 2025, positioning it for significant shareholder returns [5][6][7]. Small-Cap Companies - Aya Gold & Silver won the small-cap title with 6.4% of votes, driven by a 160% surge in silver prices and operational achievements, including the commercial production of its Zgounder mine [11][12][13]. - The company also released a preliminary economic assessment for its Boumadine project, indicating rapid capital payback under current metals prices [13][14]. Micro-Cap Companies - Gunnison Copper topped the micro-cap category with 7.2% of votes after producing its first pure copper cathode at the Johnson Camp Mine, transitioning from developer to operating producer ahead of schedule [18][20]. - The company received approximately $13.9 million in US Department of Energy tax credits, enhancing its funding position for expanded domestic copper production [21][22].
As Venezuela Reopens, Peter Schiff Says Gold Is The Real Story
Benzinga· 2026-01-06 15:11
Core Insights - Venezuela's gold reserves, estimated at 161 metric tons, are valued at over $22 billion with gold prices exceeding $4,400 per ounce, making it Latin America's largest sovereign holder of gold [1][5] - The geopolitical landscape is shifting, with gold gaining importance as a strategic asset amid weakening fiat currencies and central banks moving towards hard assets [2][4] - Peter Schiff argues that gold is entering a structural bull market, driven by fundamental factors rather than speculation, with a significant price increase of approximately 64% in 2025 [3][4] Group 1: Venezuela's Gold Reserves - Venezuela's gold reserves add strategic value, with every $100 increase in gold prices contributing over $500 million to its reserves [5] - Unlike oil, gold does not require infrastructure for production, making it a more flexible asset that relies on trust and price momentum [6] Group 2: Market Dynamics - Schiff contrasts the performance of gold with Bitcoin, noting that while gold is rising, Bitcoin ETFs have declined, indicating that gold may have more room for growth due to existing skepticism [6][7] - If Venezuela can restore access to both oil and gold markets, it enhances its geopolitical leverage, positioning the country as a significant player beyond just energy [8]
Sixty North Gold Announces Two New Board Members and Option Grants
TMX Newsfile· 2026-01-06 14:00
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to welcome two additional members to its board of directors, expanding the board's capacity as it moves towards production at its 100% owned gold mine in Yellowknife, NWT.Daniel Martin is an independent businessman who most recently spent 15 years in investment banking with a national CIRO-member investment dealer, where he ...
Asante Gold Closes C$179.4 Million Bought Deal Private Placement of Common Shares
Globenewswire· 2026-01-06 13:52
Core Viewpoint - Asante Gold Corporation has successfully completed a "bought deal" private placement, raising C$179.4 million through the issuance of 112,125,000 common shares at a price of C$1.60 per share [1][2]. Group 1: Financial Details - The underwriting agreement for the Brokered Offering was led by BMO Capital Markets, with a total cash commission of approximately C$9.85 million, which is 5.5% of the gross proceeds [2]. - The net proceeds from the Brokered Offering will be allocated for development and growth expenditures at the Bibiani and Chirano mines, as well as for general working capital [3]. - A non-brokered private placement is also planned, where the Executive Chairman will purchase 8,625,000 common shares at the same price, generating an additional C$13.8 million [4]. Group 2: Regulatory and Compliance - The common shares from both the Brokered and Non-Brokered offerings are subject to a four-month statutory hold period, expiring on May 7, 2026, and are pending final acceptance from the TSX Venture Exchange [3]. - Certain insiders participated in the Brokered Offering, which is classified as a "related party transaction" under Multilateral Instrument 61-101, but the company is exempt from formal valuation and minority shareholder approval requirements [5]. Group 3: Company Overview - Asante Gold Corporation is engaged in gold exploration, development, and operations, with a focus on projects in Ghana, including the Bibiani and Chirano Gold Mines [8]. - The company is also exploring additional projects such as Keyhole, Fahiakoba, and Betenase, which are located in proximity to major gold mines in Ghana's Golden Triangle [8].
Daura Gold Announces Additional High-Grade Surface Sampling Results from Vein Extensions North of Antonella Main Project Zone: 55.83 g/t Au & 220 g/t Ag; 12.33 g/t Au & 99.1 g/t Ag
TMX Newsfile· 2026-01-06 13:30
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Daura Gold Corp. (TSXV: DGC) ("Daura" or the "Company") is pleased to announce further high-grade surface sampling results from the previously announced vein extensions in the northern zone of the Company's flagship Antonella Project ("Antonella" or the "Project") in Ancash, Peru. Antonella is adjacent to Highlander Silver Corp's Bonita Project, located in a prolific metallogenic belt hosting significant deposits such as Antamina and Barrick ...
Sitka Drills 156.9 Metres of 1.00 g/t Gold, Including 94.0 Metres of 1.41 g/t Gold and 38.0 Metres of 2.03 g/t Gold, Significantly Expanding Known Mineralization at the Rhosgobel Discovery, RC Gold Project, Yukon
TMX Newsfile· 2026-01-06 13:30
Core Insights - Sitka Gold Corp. has reported strong gold results from diamond drilling at the Rhosgobel discovery within its RC Gold Project, significantly expanding the known mineralized zone [1][3][20] - The drilling results indicate a large zone of higher-grade gold mineralization, with visible gold observed in sheeted quartz veins across a strike length of 1.1 km [2][3][20] - The company plans to continue its drilling efforts with up to 60,000 meters of fully-funded drilling planned for the year, focusing on expanding known deposits and discovering new ones [3][20] Summary by Category Drilling Results - Analytical results from drill holes DDRCRG-25-018 to DDRCRG-25-028 have shown significant gold intercepts, including 156.9 m of 1.00 g/t gold in DDRCRG-25-027 and 146.7 m of 1.05 g/t gold in DDRCRG-25-024 [1][2][3] - The mineralized zone at Rhosgobel begins at surface and remains open in all directions, with drilling confirming gold mineralization over a strike length of approximately 975 m [2][20] Mineralization Characteristics - The mineralization is typical of Reduced-Intrusion Related Gold Systems (RIRGS), consisting of sheeted quartz veining, and has been observed to a depth of over 400 meters [1][20] - Tungsten mineralization has also been noted at Rhosgobel, suggesting potential economic by-products from future production [20] Future Plans - Sitka Gold Corp. is preparing to release results from an additional 15 drill holes and has outlined plans for extensive drilling across the RC Gold Project, which includes multiple high-priority targets [3][20] - The company is well-funded with over $45 million in treasury and no debt, positioning it to advance its exploration efforts effectively [48]
Eminent Intercepts 9.2m @ 3.2 g/t Au and Appoints Dan McCoy as President and CEO
Prnewswire· 2026-01-06 12:30
Core Insights - The latest intercept indicates that HSRP is developing as a Carlin-type gold trend, similar to the Getchell Trend, known for high-grade gold deposits [1] - The company has appointed Dan McCoy, Ph.D., as President and CEO, who has extensive experience in gold exploration and development [2] - The fourth hole (HSC005) has shown significant high-grade oxide gold mineralization, marking a breakthrough for the project [3] Exploration and Drilling Results - HSC005 intersected 9.2 meters of gold mineralization at an average grade of 3.2 g/t, with higher grades of 5.4 g/t over 0.9 meters [4] - The geological interpretation of HSC005 reveals it penetrated the Little Humboldt fault, encountering intense hydrothermal alteration [5] - All four completed core holes have intersected oxide-hosted gold mineralization, supporting the potential of the 10 km structural corridor [8] Geological and Alteration Insights - The alteration process involved two main stages: ductile deformation and brittle events associated with gold mineralization [6] - The presence of significant alteration in the footwall of the Little Humboldt fault indicates a robust hydrothermal fluid system [7] Future Plans - The company plans to transition to faster, lower-cost reverse-circulation drilling in 2026 to explore open targets at the Otis prospect and other high-priority targets [8] - The geological model has been validated, allowing for more aggressive exploration strategies moving forward [8] Company Overview - Eminent Gold is focused on gold exploration in Nevada, aiming to create shareholder value through the discovery of world-class gold deposits [12]
Centerra Gold Provides Notice of Fourth Quarter 2025 Results and Conference Call
Globenewswire· 2026-01-06 12:30
Core Insights - Centerra Gold Inc. will release its fourth quarter 2025 operating and financial results, along with 2026 guidance and 2025 year-end estimates for mineral reserves and resources, after market close on February 19, 2026 [1] - A conference call and webcast to discuss the results will take place on February 20, 2026, at 9:00 a.m. Eastern Time [1] Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [3] - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye [3] - Centerra also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates a Molybdenum Business Unit in the United States and Canada [3] - The company's shares are traded on the Toronto Stock Exchange (TSX) under the symbol CG and on the New York Stock Exchange (NYSE) under the symbol CGAU [3]
Onyx Gold Discovers New High-Grade Vein Zone at the C Zone, Munro-Croesus Project
TMX Newsfile· 2026-01-06 12:00
Core Insights - Onyx Gold Corp. has reported new surface assay results from its Munro-Croesus Project, indicating significant potential for high-grade gold discoveries [1][2][3] Group 1: Project Overview - The Munro-Croesus Project is located 75 km east of Timmins, Ontario, and encompasses a large land package that includes the historic Croesus Gold Mine [1][21] - The project covers 109 km² of highly prospective geology within a major gold-bearing structural area, enhancing its exploration potential [21][22] Group 2: C Zone Discovery - The C Zone, a new high-grade gold target, has returned assay results of up to 124 grams per tonne gold over 0.62 meters, highlighting its potential for further exploration [2][5][7] - The C Zone is characterized by quartz vein and stockwork mineralization within a broader zone of alteration, indicating a significant new target for follow-up drilling [6][7][12] Group 3: Exploration Strategy - The company is implementing modern geological techniques to systematically explore historically underexplored areas of the Munro-Croesus Project, which were previously evaluated sporadically [5][3] - A fully funded 75,000-meter drill program is underway, aimed at advancing discoveries and testing high-impact regional targets, including the C Zone [5][20][18] Group 4: Financial Position - Onyx Gold Corp. has approximately $30 million in treasury, positioning the company well to continue its exploration efforts and advance its projects [5][20]