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Eldorado Gold Purchases Additional Shares in Amex Exploration
Globenewswire· 2025-12-17 13:05
Core Viewpoint - Eldorado Gold Corporation has acquired an additional 14,868,200 common shares of Amex Exploration Inc. for a total consideration of C$59,472,800, increasing its ownership stake significantly in Amex [1][2]. Group 1: Share Acquisition Details - The acquisition price per share was C$4.00, resulting in a total investment of C$59,472,800 [1]. - Prior to the acquisition, Eldorado owned 23,758,130 shares and 207,000 warrants, representing approximately 16.77% of Amex's outstanding shares on a non-diluted basis [2]. - After the acquisition, Eldorado's ownership increased to 38,626,330 shares and 207,000 warrants, representing approximately 27.27% of the outstanding shares on a non-diluted basis [2]. Group 2: Investment Intentions - The acquisition was made for investment purposes in response to an unsolicited opportunity to increase its stake in Amex [3]. - Eldorado has no current plans that would lead to significant changes in Amex's operations or management [3]. - The company may consider increasing or decreasing its ownership in Amex's securities in the future, depending on market conditions [3]. Group 3: Regulatory Compliance - Eldorado relied on the "private agreement exemption" under National Instrument 62-104 for the acquisition, as the purchase was made from less than five persons and was not offered to all shareholders [4]. - The consideration paid was not greater than 115% of the market price of the shares at the time of the private agreement [4]. - An early warning report will be filed in compliance with NI 62-104, providing additional information regarding the acquisition [5]. Group 4: Company Background - Eldorado Gold is a producer of gold and base metals with operations in Türkiye, Canada, and Greece, and is known for its high-quality assets and responsible operations [7].
6 Top-Performing ETF Areas of Last Week
ZACKS· 2025-12-17 13:01
Market Overview - Wall Street experienced mixed performance last week, with the S&P 500 down 0.6%, the Dow Jones up 1.1%, and the Nasdaq down approximately 1.6% [1] - Tech stocks faced significant pressure, impacting the Nasdaq-100 and S&P 500, with Roundhill Magnificent Seven ETF (MAGS) down 1.7% and State Street Technology Select Sector SPDR ETF (XLK) down 2.5% [1] Tech Sector Performance - Oracle's shares fell 14% due to revenue misses, negatively affecting related AI companies like NVIDIA and Micron [2] - Broadcom's stock dropped about 11% despite strong earnings, raising concerns over high capital expenditures and delayed AI revenue realization [2] Federal Reserve Actions - The Federal Reserve implemented its final rate cut of the year, lowering the benchmark federal funds rate to a range of 3.5% to 3.75% following a divided vote [3] - The Fed's outlook for 2026 appears more cautious, projecting only one rate cut next year, consistent with previous forecasts [4] Winning ETF Areas - **Cannabis Sector**: Roundhill Cannabis ETF (WEED) rose 51.2% and Amplify Seymour Cannabis ETF (CNBS) increased 51.0% due to speculation about potential easing of federal marijuana regulations [5] - **Silver Miners**: Global X Silver Miners ETF (SIL) gained 8.4% and Amplify Junior Silver Miners ETF (SILJ) rose 7.6% driven by increased industrial demand and supply shortages [6] - **Space Economy**: Procure Space ETF (UFO) increased by 7.8%, with Rocket Lab Corp (RKLB) surging 22.8% due to heightened investor interest in the space sector [7] - **Gold Miners**: VanEck Junior Gold Miners ETF (GDXJ) rose 7.1%, and SPDR Gold Trust (GLD) gained 2.2% as the U.S. dollar weakened [9] - **Platinum**: GraniteShares Platinum Trust (PLTM) increased by 6.3%, with platinum prices surpassing $1,700 per ounce amid projected market deficits [10] - **Health Care**: Roundhill GLP-1 & Weight Loss ETF (OZEM) rose 6.3%, being the first actively-managed GLP-1 ETF, highlighting advancements in weight loss pharmaceuticals [11]
Mayo Lake Minerals Sells Property in The Yukon to Banyan Gold for $1,000,000
TMX Newsfile· 2025-12-17 12:55
Core Viewpoint - Mayo Lake Minerals Inc. has successfully sold its Trail-Minto Property for $1,000,000 to Banyan Gold Ltd, which will enhance its financial position and allow for an aggressive exploration program in 2026 on its remaining properties in the Mayo-Keno area [2][8]. Financial Transactions - The sale of the Trail-Minto Property will provide Mayo with $1,000,000 in cash, which is intended to be used for debt repayment and general working capital [2][4]. - Mayo has closed the first tranche of a private placement totaling $300,000, consisting of common share units and flow-through units priced at $0.05 each [6][10]. Exploration Plans - The company plans to initiate an exploration program in 2026, focusing on defining gold targets within the Anderson Gold Trend and trenching the Carlin West and AJ targets [11]. - Mayo retains 100% ownership of three highly prospective properties totaling 145.6 sq. km in the Mayo-Keno area, which is known for its Intrusion Related Gold Systems [3][4]. Property Details - The Trail-Minto Property sale includes a 2% Net Smelter Return (NSR), with Banyan having the option to buy back 1% of the NSR for $1,000,000 [2][8]. - The Mayo-Keno area has seen increased exploration activity, with significant resources reported by other companies in the region, including Banyan Gold and Sitka Gold [3][8]. Future Opportunities - The financial relief from the sale allows Mayo to pursue additional advanced properties in the northern Yukon and Alaska, which were previously unattainable due to financial constraints [4][8]. - The company aims to leverage the funds from the private placement and property sale to enhance its exploration capabilities and potentially acquire more valuable projects [8][11].
OR Royalties announces select asset updates
Yahoo Finance· 2025-12-17 12:15
Core Insights - OR Royalties has reported positive advancements in its asset portfolio, particularly at Dalgaranga, which is expected to become the company's 23rd producing asset [1] - The company expressed increased confidence in the development timelines of several projects, including Cascabel, Marimaca MOD, and Spring Valley [1] - Recent updates from Gold Fields regarding Windfall's development timeline have provided additional clarity and confidence [1] - Encouraging exploration results from TDG Gold's AuWEST Project and Benz Mining's Glenburgh Gold Project highlight the value in OR Royalties' advanced exploration assets [1] - The company believes that the current share price does not reflect the value outlined in the year-end update, leading to active share repurchases [1] Asset Updates - Dalgaranga is on track to become the 23rd producing asset for OR Royalties [1] - Positive developments noted in Cascabel, Marimaca MOD, and Spring Valley projects [1] - Windfall's development timeline has been clarified through Gold Fields' recent Capital Markets Day [1] Exploration Highlights - TDG Gold's AuWEST Project in British Columbia has shown encouraging exploration results [1] - Benz Mining's high-grade Glenburgh Gold Project in Western Australia also demonstrates significant value [1] Share Repurchase Activity - OR Royalties has repurchased 920,632 common shares year-to-date at an average price of C$47.63, totaling C$43.9 million [1]
NevGold Adds 6 Square Kilometers of Highly Prospective Outcropping Antimony-Gold Targets at Limo Butte, Nevada
Globenewswire· 2025-12-17 12:00
Core Insights - NevGold Corp. has staked an additional 90 claims at its Limousine Butte Project in Nevada, covering approximately 6 square kilometers or 1500 acres, which shows strong antimony-gold prospectivity [1][3] - The new claims have geological signatures similar to existing antimony-gold targets, indicating potential for significant mineralization [5] Company Updates - The exploration program at Limousine Butte includes the addition of new claims and ongoing drilling activities, with 30 drill holes completed and assays pending [3][5] - Surface rock chip samples from the new claims show promising results, with values up to 8.74 g/t Au and 0.67% Sb [3][5] - The company is advancing metallurgical testwork and has completed Phase 1 sampling of historical leach pads from the Golden Butte pit, which previously produced over 100,000 ounces of gold [3][5] Industry Context - Antimony is classified as a "Critical Mineral" in the U.S. due to its strategic importance in military applications and technology [13] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, identifying antimony as essential for national security [10][11] - Approximately 90% of the world's antimony supply is produced by China, Russia, and Tajikistan, with recent restrictions on exports from China exacerbating supply chain concerns [14]
Abcourt Presents Operations Update for November 2025 in the Development of the Sleeping Giant Mine
Globenewswire· 2025-12-17 12:00
Core Viewpoint - Abcourt Mines Inc. provided an update on the development work at the Sleeping Giant Mine, highlighting progress in operations and workforce development while addressing challenges in tonnage due to development sequencing [1][2]. Group 1: Operational Highlights - In November, 1,346 tonnes were milled with a mill head grade of 7.2 g/t and a recovery rate of 95.8%, resulting in the production of 298 ounces and pouring of 425 ounces [2]. - The addition of a fourth mining front was completed as planned, although lower tonnage was reported due to the development sequence in two of the four workplaces [2]. - The company reported a total of 9,859 meters of diamond drilling and 2,446 meters of underground rehabilitation year-to-date [5]. Group 2: Workforce Development - The labor workforce continued to increase in November, with a training program agreed upon with Technica Mining to train graduate students from mining schools, set to begin in January [3]. - The company aims to build a sustainable workforce for the next decade through this training initiative [3]. Group 3: Recognition and Future Plans - Abcourt won the precious metal panel pitch battle at the Mines and Money conference in London, showcasing its project among the best mining projects globally [4]. - The company is focused on raising awareness among investors worldwide to support its growth and development initiatives [4].
Gold Terra Provides a Summary of 2025 Achievements and 2026 Plan
Accessnewswire· 2025-12-17 12:00
VANCOUVER, BC / ACCESS Newswire / December 17, 2025 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) ("Gold Terra" or the "Company") is pleased to outline the Company's key achievements from the past year as it looks ahead to numerous catalysts in 2026. Over the past 12 months, Gold Terra has delivered a series of strategic advancements across exploration, financing, and key strategic investor support. ...
West Point Gold Expands Northeast Tyro to Depth and to the North, Drilling 24.4 m of 5.92 g/t Au from 120.4 m and 16.8 m of 8.3 g/t from 158.5 m
TMX Newsfile· 2025-12-17 12:00
Core Viewpoint - West Point Gold Corp. has reported promising drilling results from the high-grade zone at Northeast Tyro, part of its Gold Chain Project in Arizona, indicating improved gold grades and continuity of mineralization at depth [2][7]. Drilling Results - The ongoing 15,000 metre drilling program has yielded assay results for three drill holes (GC25-82, GC25-83, GC25-84) totaling 658 metres, with significant gold grades observed [1][7]. - Hole GC25-82 encountered 96.0 metres of 0.42 g/t Au, while GC25-83 returned 16.8 metres of 8.30 g/t Au, including 6.1 metres of 17.61 g/t Au [3][9]. - Hole GC25-84 reported 24.4 metres of 5.92 g/t Au, with a notable 12.2 metres at 10.51 g/t Au [3][12]. Geological Insights - The drilling results suggest a coalescing of veins and veinlets, with increased gold grades at depth, typical of low-sulphidation epithermal gold systems [2][8]. - The mineralized zone appears to be consolidating into a more discrete package, indicating potential for further resource expansion [13]. Future Exploration - Drilling continues at NE Tyro, with four additional holes (936 m) completed and assays pending, aiming to explore deeper portions of the high-grade zone [5][8]. - The results are expected to positively influence the grade profile and overall scale of the upcoming maiden resource estimate [2][7]. Company Overview - West Point Gold Corp. is focused on exploration and development across four projects in the Walker Lane Trend, with a priority on advancing the Gold Chain Project in Arizona [17].
Banyan Gold District Consolidation with Claim Purchase, AurMac Project, Yukon
Accessnewswire· 2025-12-17 11:30
VANCOUVER, BC / ACCESS Newswire / December 17, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce the strategic acquisition of Trail Minto Claims (total 229 claims) located between Banyan's AurMac Project ("AurMac") and Nitra Project ("Nitra") properties from Mayo Lake Minerals Inc. (CSE:MLKM) completing a district consolidation of almost 720 square kilometres ("sq km") around the AurMac Project (Figure 1). "With today's acquisition of the Minto Claims, the A ...
Hannan Validates Kilometre-Scale Gold System at Previsto
TMX Newsfile· 2025-12-17 11:30
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) - Hannan Metals Limited (TSXV: HAN) (OTC Pink: HANNF) ("Hannan" or the "Company") is pleased to announce new prospecting results from systematic field campaigns at the Previsto prospect at its 100% owned Valiente project in Peru. Channel sampling has confirmed continuous gold mineralization across a 1.2 km trend from Previsto Central to Mirador Creek, with high-grade structures now validated by multiple sampling methods.Key Points:Two signif ...