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Alkane Doubles the Tested Depth Extent of the Storheden Deposit at Björkdal
Globenewswire· 2025-12-19 00:33
Core Viewpoint - Alkane Resources Limited has announced promising exploration results from the Storheden Deposit at its Björkdal Operation in Sweden, indicating significant potential for resource expansion and higher-grade ore production [1][4]. Exploration Results - The depth drilling at the Storheden Deposit has revealed gold-bearing quartz veins intercepted to a depth of 464 meters, more than doubling the previously tested depth of 200 meters [6]. - The drilling campaigns have extended the strike length of known mineralization to over 2.7 kilometers, with no indications of diminishing grade at depth [6]. - Significant assay results include 142.0 g/t gold over 0.60 meters and 34.3 g/t gold over 1.6 meters, showcasing the high-grade potential of the deposit [6][18][19]. Historical Context - The Björkdal deposit was discovered in 1983, with mining operations commencing in 1988. The mine has produced approximately 1.66 million ounces of gold since then [5][7]. - The current Measured and Indicated Mineral Resources at Björkdal are estimated at 20.35 million tonnes grading 2.14 g/t gold as of June 30, 2025 [6][7]. Future Plans - Alkane plans to recommence drilling in January 2026 to further define resources at Storheden and assess the potential for mining [27][28]. - The company will also continue exploration in the Eastern Extension area and the North extension of the Björkdal deposit, which shows no signs of diminishing gold endowment [29].
i-80 Gold Announces Lone Tree Plant Refurbishment Update; Study Highlights Material Increase in Margins and Short Payback Period
Prnewswire· 2025-12-19 00:05
Core Viewpoint - The refurbishment of the Lone Tree Plant is a significant step in i-80 Gold's strategy to transition from toll-milling to an owner-operator processing model, which is expected to enhance margins and free cash flow generation [1][3]. Development Plan - The refurbishment is part of a broader development plan aimed at establishing i-80 Gold as a mid-tier gold producer [1]. - The capital cost estimate for the refurbishment is $430 million, which includes $412 million for direct and indirect costs and $18 million for capital spares [4][17]. Engineering and Technical Aspects - The engineering study conducted by Hatch Ltd. confirms that the refurbishment will involve standard upgrades to improve operational efficiency with low execution risk [3]. - Approximately 30% of detailed engineering is complete, providing improved accuracy in capital cost estimates [3]. - The plant will have a nameplate capacity of 2,268 tonnes per day, processing both refractory and non-refractory materials [4][13]. Financial Projections - The transition to an owner-operated model is projected to reduce processing costs to about one-third, increasing margins by approximately $1,000 to $1,500 per ounce of gold [4][19]. - A potential payback period for the refurbishment is estimated at 12 to 24 months, depending on the grade processed and gold prices [4]. Timeline and Next Steps - Early works have commenced, and construction activities are expected to begin in the second half of 2026, with commissioning anticipated by the end of 2027 [4][22][23]. - The company aims to complete its recapitalization plan by the end of the second quarter of 2026 or earlier [1][19]. Environmental and Compliance Considerations - The refurbishment will include upgrades to meet new environmental compliance standards, such as a new mercury abatement circuit and a tailings filtration system [6][9]. - The company is on track to complete engineering designs for construction and environmental permits by the fourth quarter of 2025, with applications to be submitted in the first quarter of 2026 [20][22]. Company Background - i-80 Gold is focused on building a mid-tier gold producer in Nevada, leveraging its existing infrastructure and strategic asset portfolio [30]. - The Lone Tree property, acquired from Nevada Gold Mines in October 2021, includes significant existing infrastructure and has a history of production [24][30].
High Resolution Gravity Survey Targets Challenger Repeats
Accessnewswire· 2025-12-18 23:50
Core Insights - Barton Gold Holdings Limited has initiated a high-resolution airborne gravity survey around its Challenger Gold Project in South Australia, aiming to identify high-grade quartz vein lodes [1] - The survey targets gravity anomalies that may indicate geological structures similar to those found in the Challenger's high-grade gold lodes [1] - This initiative is part of the company's research and development efforts to explore historically under-explored areas and develop new geological models [1]
G2 Goldfields Delivers Maiden PEA for the High-Grade Oko Gold Project
Globenewswire· 2025-12-18 22:32
Core Insights - G2 Goldfields Inc. announced the key findings from its Preliminary Economic Assessment (PEA) for the Oko Gold Project in Guyana, highlighting its potential as a significant development project with attractive economics [2][3]. Overview - The PEA outlines a combined open pit and underground operation with a 14-year life of mine, estimating total production of 3.2 million ounces of gold at an average all-in sustaining cost (AISC) of $1,191 per ounce [4][9]. - The project includes 1.6 million ounces of gold in the Indicated category and 1.9 million ounces in the Inferred category, with an average annual production of 281,000 ounces from years 2 through 11 [4][9]. Financial Metrics - Initial capital expenditures are estimated at $664 million, with sustaining capital costs of $366 million over the life of the mine [6][34]. - The pre-tax net present value (NPV) at a 5% discount rate is projected at $3.471 billion, with an internal rate of return (IRR) of 46% [6][9]. - The after-tax NPV is estimated at $2.561 billion, with an IRR of 39% and a payback period of 2.6 years at a gold price of $3,000 per ounce [6][9]. Mining and Production - The open pit mine is expected to have a life of six years, while the underground mine will last for 14 years, with a total strip ratio of 5.4:1 [22][23]. - The average underground production rate is projected at 1,900 tonnes per day, with a total of 21.3 million tonnes of mineralized material expected to be mined at an average diluted gold grade of 3.9 g/t [24][22]. Processing and Recovery - The proposed process plant is designed to treat 3.6 million tonnes per year, utilizing a standard metallurgical flowsheet that includes comminution, gravity concentration, cyanide leach, and carbon-in-leach (CIL) processes [27][30]. - The overall gold recovery rate is estimated at 94% [29]. Environmental and Permitting - The company plans to submit its preliminary mine design to the Environmental Protection Agency (EPA) to apply for the environmental permit, with the Environmental Social Impact Assessment (ESIA) expected to be filed in Q1 2026 [38][39]. - The project area is not designated as a priority conservation site and does not overlap with protected or Indigenous lands [39]. Workforce - During construction, the workforce is projected to peak at approximately 1,250 personnel, with an average operational workforce of around 800 employees once the mine is in production [41].
Dakota Gold Provides Feasibility Study Metallurgy Testing Plan and Initial Results for Richmond Hill
TMX Newsfile· 2025-12-18 21:30
Core Viewpoint - Dakota Gold Corp. is advancing its metallurgical testing program for the Richmond Hill Oxide Heap Leach Gold Project, which is crucial for the feasibility study and aims to assess the project's potential and mitigate risks associated with gold recovery [1][4]. Metallurgical Testing Program - The feasibility study metallurgical program is set to be completed in Q3 2026, involving extensive testing and reporting milestones [2]. - The company has completed significant metallurgical drilling in 2025 and plans to ship 4,000 kg of material for testing, representing 28 potential geo-metallurgical domains [2][9]. - Initial results from the MW3 zone indicate variability in column recoveries, consistent with historical data, supporting the potential for low-cost heap leach processing [4][10]. Project Economics - The project shows strong leverage to rising gold prices, with a net present value (NPV) exceeding $4 billion at gold prices above $4,000 per ounce [5][6]. - The Initial Assessment with Cash Flow (IACF) published in July 2025 outlines various recovery scenarios, indicating significant potential returns based on gold price fluctuations [5][6]. Resource Evaluation - The company is evaluating mine plan sequences and will update the resource model in 2026, incorporating results from 200 drill holes completed in 2025 [7]. - High-grade areas have been identified, with notable drill intercepts such as 1.94 g/t Au over 60.0 meters and 2.78 g/t Au over 39.3 meters [7]. Column Testing Results - Column recoveries for tested materials ranged from 61% to 65% within 60 days, with specific grades of 0.96 g/t Au and 0.53 g/t Au being tested at different crush sizes [7][10]. - Historical data indicates an average recovery of 89% for oxide materials, which aligns with current testing results [12]. Future Steps - The metallurgical program will include further analysis to optimize recoveries and process design, with ongoing testing to assess the impact of various factors on gold recovery [9][11]. - The company is committed to advancing the Richmond Hill project towards potential production by 2029 [6][14].
Ontario Superior Court of Justice Grants Final Order to Mines D'Or Orbec Inc. Approving Acquisition by IAMGOLD Corporation
TMX Newsfile· 2025-12-18 21:01
Core Viewpoint - Mines D'Or Orbec Inc. has received final court approval for its arrangement with IAMGOLD Corporation, which will result in IAMGOLD acquiring all outstanding common shares of Orbec [1][2]. Group 1: Arrangement Details - The Ontario Superior Court of Justice has issued a final order approving the plan of arrangement under the Business Corporations Act (Ontario) [1]. - The arrangement is expected to be completed by December 22, 2025, subject to the satisfaction or waiver of remaining conditions outlined in the arrangement agreement dated October 19, 2025 [2]. Group 2: Company Background - Mines D'Or Orbec Inc. is a gold company that owns 100% of a mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares in the Abitibi Greenstone Belt [5]. - The Muus Project is prospective for gold mineralization and is adjacent to IAMGOLD's Nelligan Gold Project, with exploration advancing in collaboration with IAMGOLD, which holds about 9.9% of Orbec [5].
Lode Gold Receives Conditional Approval from Exchange; Listing January 2026
TMX Newsfile· 2025-12-18 20:26
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - Lode Gold Resources Inc (TSXV: LOD) (the "Company" or "Lode Gold") is pleased to announce it has received conditional approval from the Canadian Stock Exchange ("CSE"). The effective date of listing on the CSE will occur during the month of January 2026 ("Effective Date"). Registered shareholders up to the day before the Effective Date, will be entitled to receive shares of Spin Co, Lode Gold's subsidiary 1475039 B.C. Ltd ("Gold Orogen"). ...
RETRANSMISSION: LaFleur Minerals Upsizes LIFE and Flow-Through Unit Offerings
TMX Newsfile· 2025-12-18 19:10
Core Viewpoint - LaFleur Minerals Inc. has amended its non-brokered private placement offering, increasing it to 9,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $4,500,000 to fund gold production operations and general working capital [1][2]. Group 1: Offering Details - The offering consists of units that include one common share and one warrant, allowing the purchase of an additional common share at $0.75 within 36 months [1]. - The offering will not be subject to a hold period under Canadian securities laws [4]. - The closing of the offering is expected around December 31, 2025, or at a date determined by the company [7]. Group 2: Use of Proceeds - Gross proceeds from the offering will be allocated to the commissioning and restart of gold production at the Beacon Gold Mine and Mill, as well as work at the Swanson Gold Project in Quebec [2]. Group 3: Compensation for Finders - The company will pay qualified finders and brokers a cash commission of 7.0% of the gross proceeds from both the LIFE Offering and the FT Offering, along with broker warrants equal to 7.0% of the units sold [6]. Group 4: Company Overview - LaFleur Minerals is focused on developing gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, with significant potential in the Swanson Gold Deposit and the Beacon Gold Mill [9]. - The Swanson Gold Project spans approximately 18,304 hectares and includes several gold-rich prospects previously held by other mining companies [9]. - The Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from the Swanson project [9].
Integra Resources Corp. (ITR:CA) Discusses DeLamar Project Feasibility Study Results and Project Evolution Transcript
Seeking Alpha· 2025-12-18 18:27
Core Viewpoint - Integra Resources has conducted a feasibility study for the DeLamar Heap Leach Project, with results published after market close, indicating significant developments for the project [4]. Group 1: Presentation Overview - The conference call is led by Jason Banducci, Vice President of Corporate Development and Investor Relations, welcoming participants to discuss the feasibility study results [2]. - The presentation includes forward-looking statements, with cautionary notes available on the company's website [3]. - Key executives present during the call include George Salamis (President CEO), Cliff Lafleur (COO), Scott Olsen (VP Engineering and Processing), and James Frost (Director of Technical Services) [4].
Surefire Resources announces RC assay results at Yidby gold project in WA
Yahoo Finance· 2025-12-18 15:12
Core Insights - Surefire Resources has reported new assay results from the reverse circulation drilling at its Yidby gold project in Western Australia, indicating a promising gold system that remains open for further exploration [1][2] Exploration Results - The latest drilling results show a high-grade intercept of 1m at 15.83 grams per tonne (g/t) gold in RC hole YBRC136, marking the broadest intersection of gold mineralization in the project's history, with a total envelope of 108m at 0.61g/t gold from 71m [2][3] - Additional significant high-grade zones in YBRC136 include 35m at 1.35g/t gold from 71m, 1m at 15.83g/t gold from 80m, 2m at 10.72g/t gold from 100m, and 6m at 4.29g/t gold from 177m, which includes 2m at 12.54g/t gold [3] - RC hole YBRC137 returned 12m at 1.01g/t gold from 164m, including 4m at 1.62g/t gold from the same depth [3] Future Plans - The company plans to conduct additional drilling in Q1 2026 to enhance understanding of the project before initiating feasibility studies aimed at bringing the project into production [4][5] - The Yidby gold project is positioned for potential near-term production, with current gold prices exceeding A$6,000/oz, which could generate significant cash flow for the company [4]