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Eldorado lifts Amex stake to 27% as Sprott sells
MINING.COM· 2025-12-20 18:53
Core Viewpoint - Eldorado Gold has increased its ownership in Amex Exploration by acquiring a significant block of shares, indicating a strategic investment move in the junior mining sector [1][2][3]. Group 1: Transaction Details - Eldorado Gold purchased 14,868,200 shares of Amex at C$4 per share, totaling approximately C$59.5 million, raising its stake to 27.3% on a non-diluted basis [2][5]. - The transaction appears to be a matched private trade as Eric Sprott divested his shares, suggesting a strategic shift in ownership within the company [1][5]. - Amex's share price increased by 5% to C$4.04, contributing to a 274% rise over the past year, with a market capitalization of C$572.3 million [4]. Group 2: Company Relationship and Future Plans - Amex's CEO, Victor Cantore, emphasized the ongoing positive relationship with Eldorado, stating that the increased shareholding does not alter their collaboration [3][9]. - Amex is advancing its Perron and Perron West projects, with a resource estimate indicating 8.2 million tonnes of measured and indicated resources containing 1.6 million ounces of gold [7]. - Future plans for Amex include bulk sampling, ongoing exploration in Quebec and Ontario, and a feasibility study expected in the first half of next year [8].
Aris Mining: Looking For A Million Ounces Of Gold
Seeking Alpha· 2025-12-20 12:52
Core Viewpoint - Aris Mining (ARMN) is recognized for its growth and valuation as a junior gold miner, particularly in comparison to Aura Minerals (AUGO) [1] Company Analysis - Aris Mining has shown impressive growth metrics that attract attention in the investment community [1] - The analysis emphasizes the importance of financial statements in understanding the company's potential and valuation [1] Investment Perspective - The author has established a beneficial long position in ARMN and AUGO, indicating confidence in their future performance [2] - The analysis aims to provide a fundamental view and streamlined research similar to institutional standards, focusing on long-term potential [1]
SONORO GOLD RESPONDS TO FALSE ALLEGATIONS REGARDING PERMIT FOR CERRO CALICHE PROJECT
Globenewswire· 2025-12-20 00:20
Core Viewpoint - Sonoro Gold Corp. addresses and refutes false rumors regarding the denial of the Environmental Impact Statement (MIA) for its Cerro Caliche gold project, asserting that the claims are misleading and incorrect [1][2]. Group 1: Environmental Impact Statement (MIA) - A revised MIA for the Cerro Caliche project was submitted in February 2025, replacing the initial MIA submitted in May 2022 [2]. - The current MIA submission is under review by the Mexican federal permitting authority, SEMARNAT, and the company is compliant with required disclosures [2]. Group 2: Company Overview - Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico [3]. - The company boasts a highly experienced operational and management team with a proven track record in discovering and developing natural resource deposits [3].
San Lorenzo Gold Announces First Closing Of Private Placement
Thenewswire· 2025-12-19 23:25
Core Insights - San Lorenzo Gold Corp. has received conditional approval for a non-brokered best-efforts private placement of Units from the TSX Venture Exchange, with the first closing completed on December 19, 2025, involving the issuance of 4,110,226 Units for gross proceeds of $2,548,340.12 [1] - Each Unit consists of one common share and one half of a purchase warrant, with full Warrants allowing the purchase of additional Common Shares at $0.80 for two years [1] - The company has received subscription agreements exceeding the increased maximum of $5,000,000 and anticipates closing on those additional subscriptions [2] Financial Details - The First Closing resulted in gross proceeds of $2,548,340.12, with cash commissions totaling $81,329.95 and the issuance of 131,177 broker warrants [1] - Each broker warrant allows the holder to acquire a Common Share at a price of $0.80 for one year from the Closing Date [1] Company Focus - San Lorenzo is advancing its flagship Salvadora property located in Chile's mega-porphyry belt, with prior drilling results indicating significant gold and copper enriched systems [2]
Chesapeake Gold Announces Stock Option Grant
TMX Newsfile· 2025-12-19 23:00
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2025) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 69,000 common shares of the Company at an exercise price of C$2.84 per share for a five-year term expiring December 19, 2030. The stock options were granted to officers of the Company. The options will vest and be exercisable immediately.About ChesapeakeChesapeake Gold ...
QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy
Globenewswire· 2025-12-19 23:00
Core Insights - Q-Gold Resources Ltd. has made significant progress in 2025, including the acquisition of the Quartz Mountain Gold Project and securing $11.5 million in financing, positioning the company for growth in 2026 [2][3][4]. Financial Overview - The company successfully closed a private placement financing for gross proceeds of $11.5 million, which will be used for advancing work on both the Quartz Mountain and Mine Centre gold projects [3]. - The financing included a 15% overallotment and was facilitated by BMO Capital Markets [3]. Project Acquisition and Development - Q-Gold acquired the Quartz Mountain Gold Project from Alamos Gold Inc., which includes two properties totaling approximately 4,823 acres in Oregon's gold belt [4][5]. - The project benefits from over 90,000 meters of historical drilling and extensive geological data, enhancing its potential for resource development [5]. Mineral Resource Estimate - An updated mineral resource estimate for the Quartz Mountain Gold Project was disclosed, indicating 1.543 million ounces of gold at a grade of 0.96 g/t and 2.049 million ounces of silver at a grade of 1.27 g/t within the indicated category [15][29]. - An additional 148,000 ounces of gold at 0.77 g/t and 135,000 ounces of silver at 0.70 g/t were reported in the inferred category [15][29]. Economic Assessment and Technical Studies - The company has engaged Kappes, Cassiday & Associates to conduct a Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project, expected to be completed in Q2 2026 [9][10]. - The PEA will evaluate mining methods, processing options, capital and operating costs, and overall project economics [9][10]. Permitting and Environmental Studies - Q-Gold has engaged SLR International Corporation to advance environmental studies and permitting applications for the Quartz Mountain Gold Project, ensuring efficient project development timelines [16][17]. - Early-stage permitting work is progressing alongside technical studies to streamline the approval process [16][17]. Exploration Activities - The company completed two drill campaigns at the Mine Centre Gold Project in Ontario, focusing on high-priority targets to expand its understanding of the project's gold potential [12][14]. - A robust exploration program is planned for 2026, including targeted fieldwork and drilling at both the Quartz Mountain and Angel's Camp portions of the project [23][24]. Strategic Board Enhancements - Q-Gold strengthened its board by adding industry leaders Scott Parsons and Jamsheed Mehta, enhancing the company's strategic guidance and capital markets relationships [18][20][22]. Future Catalysts - Key priorities for 2026 include completing the PEA, advancing initial exploration permits, and initiating exploration activities at both Quartz Mountain and Angel's Camp [23][24]. - The company aims to deliver multiple catalysts that highlight the project's potential and position Q-Gold as an emerging North American gold developer [24].
TomaGold Receives $1,000,000 Cash Payment
Businesswire· 2025-12-19 22:05
Core Viewpoint - TomaGold Corporation has successfully completed the sale of its Hazeur, Monster Lake East, and Monster Lake West properties to Northern Superior Resources Inc., receiving a final cash payment of $1,000,000 from IAMGOLD Corporation [1] Group 1: Company Transactions - The company has previously announced the disposition of its wholly-owned properties in multiple news releases dated June 16, July 11, July 18, and October 22, 2025 [1] - The final cash payment of $1,000,000 from IAMGOLD Corporation marks the completion of the transaction [1]
Mineros Resolves Tax Dispute With Nicaraguan Tax Authorities
Businesswire· 2025-12-19 22:01
Core Viewpoint - Mineros S.A. has decided to resolve a tax dispute with the Government of Nicaragua by paying approximately $49.3 million for unpaid ad-valorem taxes and related interest for the years 2019 to 2024 [1] Company Overview - Mineros S.A. is a Latin American gold mining company based in Medellín, Colombia, with a diversified asset base that includes mines in Colombia and Nicaragua, as well as a pipeline of development and exploration projects throughout the region [2] - The company's board of directors and management possess extensive experience in mining, corporate development, finance, and sustainability, and Mineros has a long history of maximizing shareholder value and providing solid annual dividends [2] - Mineros has been operating for over 50 years with a focus on safety and sustainability across all its operations [2] Stock Information - Mineros' common shares are listed on the Toronto Stock Exchange under the symbol "MSA," on the Colombia Stock Exchange under the symbol "MINEROS," and also trade on the OTCQX® Best Market under the symbol "MNSAF" [3]
IPO Stock Of The Week: Insurance Software Leader Exzeo Approaches First Buy Point
Investors· 2025-12-19 19:53
Group 1 - Exzeo (XZO), an insurance software company, is approaching its first buy point this week amid stock market volatility, making it the IPO Stock of the Week to watch from Investor's Business Daily's IPO Leaders screen [5] - Exzeo provides an insurance-as-a-service platform specifically targeting property and casualty insurers, with a strong emphasis on homeowners insurance [5] Group 2 - Oracle's stock has seen a significant increase following reports that TikTok has signed a deal to create a U.S. joint venture [8]
Galantas Gold Provides Update on Acquisition of RDL Mining Corp. and Brokered Financing
Globenewswire· 2025-12-19 19:53
Core Viewpoint - Galantas Gold Corporation is progressing with the acquisition of RDL Mining Corp and a private placement offering, with both expected to be completed in 2025 [2][3]. Acquisition and Transaction Details - The acquisition involves all issued and outstanding shares of RDL Mining Corp, with the company working to satisfy closing conditions, including TSX Venture Exchange approval [2][3]. - The private placement offering is priced at $0.08 per unit, led by Canaccord Genuity Corp and Haywood Securities Inc [2]. Indiana Project Option - Upon completion of the transaction, Galantas will hold an option to acquire a 100% interest in the Indiana gold/copper project in Chile, requiring total payments of US$15 million over five years [4]. - The first payment of US$500,000 is due in Q4 2025, followed by payments of US$1 million in the first two years, US$2 million in years three and four, and a final payment of US$8.5 million in year five [4]. Lease Agreement - Until the option is exercised, RDL will lease the Indiana Project from the current owner, Indiana Limitada, with payments not credited as option payments [5]. Historical Mineral Resources - The Indiana Project has a historical inferred mineral resource estimate of approximately 714,600 ounces of gold equivalent, based on 4,546,300 tonnes averaging 4.89 parts per million AuEq [7]. - The estimate is supported by a technical report prepared in accordance with NI 43-101 standards [7]. Offering Update - The company plans to utilize the "part and parcel pricing exception" for gross proceeds of $10 million specifically allocated for the transaction [13]. - Adjustments to the offering price may occur after the common shares resume trading, requiring TSXV approval [13]. Additional Exploration - Since the 2013 Technical Report, approximately 1,500 meters of exploration drifts have been excavated, and 960 meters of core were drilled in 2020 [12]. Company Overview - Galantas Gold Corporation is a Canadian public company trading on the TSX Venture Exchange and the London Stock Exchange AIM market, focusing on expanding gold production and resources [19].