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Gold prices lift S&P/TSX composite, U.S. stock markets also rise
Investment Executive· 2025-12-22 22:03
“The year, at least in Toronto, is ending the way it’s been going all year. Gold is stealing the spotlight, and silver is certainly not hurting, neither is copper,” Currie said.“The mining sector is carrying the market this year, just astronomical numbers.”The February gold contract was up US$82.10 at US$4,469.40 an ounce. Gold and silver touched records and oil prices jumped after the U.S. Coast Guard said it was pursuing another sanctioned oil tanker in the Caribbean.The February crude oil contract was up ...
IAMGOLD Announces Closing of Mines D'Or Orbec Acquisition
TMX Newsfile· 2025-12-22 22:00
Core Viewpoint - IAMGOLD Corporation has successfully completed the acquisition of Mines D'Or Orbec Inc., enhancing its position in the gold mining sector and expanding its exploration capabilities in Quebec, Canada [2][3]. Company Overview - IAMGOLD is an intermediate gold producer and developer based in Canada, with operating mines in North America and West Africa, including Côté Gold, Westwood, and Essakane [4]. - The Côté Gold Mine achieved full nameplate capacity in June 2025 and is expected to be one of the largest gold mines in Canada [4]. - The company employs approximately 3,700 people and is committed to high standards of Environmental, Social, and Governance practices [4]. Acquisition Details - The acquisition of Orbec and the Muus Project is expected to provide additional potential within IAMGOLD's newly formed Nelligan Mining Complex, which is now among the largest pre-production gold projects in Canada [3]. - The Muus Project is strategically located at the intersection of two significant mineralized structures, enhancing exploration opportunities [3]. Future Plans - IAMGOLD plans to initiate an expanded exploration program in the region next year, focusing on the newly acquired assets [3].
Westward Gold Announces Additional Drilling Results & Completion of Field Activities at the Campfire Target Complex, Toiyabe Hills Property, Nevada
Thenewswire· 2025-12-22 21:00
Core Insights - Westward Gold Inc. has successfully completed its Phase I drilling campaign at the Campfire Target Complex, confirming a new Carlin-type gold zone that remains open in all directions and at depth [1][2][4] Drilling Campaign Overview - The Phase I drilling campaign totaled 7,163 meters across 11 holes, exceeding the initial goal of 5,000 meters by 43% [2] - 57% of the drilling was conducted in favorable lower-plate carbonate rocks, specifically the Wenban and Roberts Mountains Formations, encountered at shallower depths than expected [2] - The campaign demonstrated significant drilling depths, with hole CF25-10 reaching 3,005 feet (915.9 meters) at a cost of approximately US$230 per meter (US$70 per foot) [2] Key Drilling Results - Notable results from drillhole CF25-07 included an intersection of 3.1 meters of 0.80 g Au/t, serving as a significant vectoring tool for the hydrothermal system [1][6] - Elevated gold and trace elements such as arsenic, antimony, and mercury were consistently found across the drilling, indicating a robust mineralization system [2][4] - Holes CF25-05 and CF25-06 encountered structural complexities and challenging drilling conditions, suggesting potential for follow-up diamond drilling in 2026 [4][5] Geological Insights - The drilling revealed extensive decalcification and sulfidized igneous dikes across all tested holes, characteristic of Carlin-type gold systems [2][4] - CF25-07 provided the best examples of hornfels and thermal alteration observed at the property, indicating a strong geological setting for gold mineralization [6] Future Plans - Early-stage target definition for a Phase II drilling program is already underway, with plans to refine targets as additional data is evaluated over the winter months [1][4]
Chesapeake Confirms No Material Change
TMX Newsfile· 2025-12-22 20:23
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces that at the request of CIRO, Chesapeake wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.For Further Information:Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Ve ...
IAMGOLD Boosts Portfolio With Northern Superior Acquisition
ZACKS· 2025-12-22 18:31
Core Insights - IAMGOLD Corp. has successfully completed the acquisition of Northern Superior Resources Inc., enhancing its Nelligan Mining Complex to become one of Canada's largest pre-production gold projects [1][4]. Acquisition Details - The acquisition agreement was finalized on October 20, 2025, combining IAMGOLD's Nelligan and Monster Lake Projects with Northern Superior's assets, including Philibert, Chevrier, and Croteau, to create the Nelligan Mining Complex [2][7]. - The combined entity is estimated to contain 3.75 million ounces of gold in Measured and Indicated resources and 8.65 million ounces in Inferred resources, while also adding 70,636 hectares of claims, more than doubling IAMGOLD's landholdings in the district [3][7]. Shareholder Compensation - Former shareholders of Northern Superior will receive a combination of 0.0991 IAMGOLD common shares and C$0.19 (approximately $0.57) in cash as part of the acquisition [4]. Financial Performance - In Q3 2025, IAMGOLD reported adjusted earnings of 30 cents per share, surpassing the Zacks Consensus Estimate of 21 cents, and showing an increase from 18 cents in the same quarter the previous year [5]. - Revenues for Q3 2025 reached $707 million, reflecting a 61% year-over-year increase driven by higher sales volume and prices [5]. Stock Performance - IAMGOLD's stock has increased by 241.5% over the past year, significantly outperforming the industry average increase of 151.8% [6].
IAMGOLD Corporation Completes Acquisition of Mines D'Or Orbec Inc.
TMX Newsfile· 2025-12-22 16:49
Core Viewpoint - Mines D'Or Orbec Inc. has successfully completed a plan of arrangement with IAMGOLD Corporation, resulting in IAMGOLD acquiring all outstanding shares of Orbec, making it a wholly-owned subsidiary [1][2]. Transaction Details - IAMGOLD acquired all issued and outstanding common shares of Orbec at a total consideration of C$0.125 per Orbec Share, which includes 0.003466 of IAMGOLD common shares and C$0.0625 in cash per Orbec Share [2]. - In-the-money Orbec Options and Warrants were surrendered for cash payments based on the difference between their exercise prices and C$0.125, while out-of-the-money options and warrants were cancelled without payment [3][4]. Delisting and Reporting Status - Orbec Shares will be delisted from the TSX Venture Exchange and removed from the OTC Pink Limited Market, with an application to cease being a reporting issuer in British Columbia, Alberta, and Ontario [5]. Company Overview - Mines D'Or Orbec Inc. is a gold company with a significant mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares in the Abitibi Greenstone Belt, and is adjacent to IAMGOLD's Nelligan Gold Project [6]. - The exploration of the Muus Gold Project will continue in collaboration with IAMGOLD, which previously held about 9.9% of Orbec [6].
Rapid Progress Reported at Golden Pike Gold-Antimony Property under Option from Globex
Globenewswire· 2025-12-22 16:17
Group 1 - Globex Mining Enterprises Inc. is pleased to report progress by Albright Metals Limited at the Golden Pike Gold and Antimony property in New Brunswick, which is under option from Globex [1] - Albright has completed an infill and extensional drilling program at its Vail Road High Grade Gold deposit, acquiring approximately 990 meters of oriented HQ diamond drill core from 15 drill holes, with samples sent for assay [2] - The rig will be moved to the Bond Road Antimony Prospect for an initial drilling exploration program targeting antimony, with up to 1,200 meters of diamond core drilling planned [3] Group 2 - Albright's current focus is on progressing the Vail Road Gold Deposit towards development, which has a NI 43-101 Foreign Resource Estimate [4] - Drill results from the infill and extensional drilling will be used to upgrade the foreign resource estimate to a JORC compliant mineral resource estimate, with multiple targets for gold and antimony mineralization being evaluated [5] - Globex is pleased with the rapid advancement of the program at the Golden Pike property and looks forward to further developments [5]
U.S. Stocks Seeing Further Upside Amid Continued Tech Strength
RTTNews· 2025-12-22 15:48
Market Overview - Stocks have generally moved higher, with the Dow up 192.44 points (0.4%) at 48,327.33, the Nasdaq up 92.70 points (0.4%) at 23,400.32, and the S&P 500 up 30.46 points (0.5%) at 6,864.96, despite being off session highs [1] - The upward movement follows a mixed performance in the previous week, indicating a positive shift in market sentiment [1] Sector Performance - Technology stocks are driving market gains, with Oracle (ORCL) shares rising by 2.4% after Wells Fargo reiterated its Overweight rating [2] - Nvidia (NVDA) is experiencing further upside as it plans to ship its second-most powerful AI chips to China before the Lunar New Year, indicating strong demand in the AI sector [3] - Gold stocks are seeing significant strength, with the NYSE Arca Gold Bugs Index up 2.9% to a record intraday high due to a sharp increase in gold prices [4] - Oil service stocks are benefiting from a surge in crude oil prices, reflected by a 1.7% gain in the Philadelphia Oil Service Index [5] - Other sectors such as steel, telecom, and networking are also showing notable strength, contributing to the overall positive market trend [5] International Markets - In overseas trading, stock markets in the Asia-Pacific region mostly moved higher, with Japan's Nikkei 225 Index up 1.8% and China's Shanghai Composite Index up 0.7% [5] - Conversely, major European markets are experiencing declines, with the French CAC 40 Index down 0.5%, the U.K.'s FTSE 100 Index down 0.4%, and the German DAX Index down 0.2% [6] Bond Market - The bond market is seeing a downward trend, with the yield on the benchmark ten-year note increasing by 1.8 basis points to 4.169%, indicating a shift in investor sentiment [6]
Cramer's Mad Dash: Agnico Eagle Mines
CNBC Television· 2025-12-22 14:56
Let's get Kramer's mad dash as we count down to the bell. You >> think about the PE multiple of how it has shrunk because people kind of don't believe and there's been a lot of dispersions cast. If you want to buy gold, uh there's two ways to buy gold. You can buy gold through Costco.I do that as constantly as I can. And you can own a Nico eagle mines. I'm not allowed to own individual stocks, but people have to understand there's a Nikico Eagle and then there's just everybody else.They drill and have mines ...
Cramer's Mad Dash: Agnico Eagle Mines
Youtube· 2025-12-22 14:56
Group 1 - The article discusses the investment potential in gold, highlighting two main ways to invest: through Costco or by owning shares in Nico Eagle Mines, a well-managed Canadian company with low operational costs [1][2] - Nico Eagle Mines operates in safe locations, such as Nevada, reducing risks associated with mining operations, which is a significant advantage for investors [2] - The current price of gold is noted to be $4,400, indicating a 68% gain for the year, reinforcing the bullish sentiment towards gold investments [2][3] Group 2 - The article emphasizes the importance of understanding the differences between Nico Eagle Mines and other gold investment options, suggesting that the company stands out due to its management and cost efficiency [1][2] - The sentiment towards gold remains strong, with the author identifying as a "gold bug," indicating a long-term belief in the value of gold as an investment [3]