Summary of Conference Call for Artemis Gold's Blackwater Mine Expansion Company and Industry - **Company**: Artemis Gold - **Industry**: Mining, specifically gold mining Key Points and Arguments Expansion Announcement - Artemis Gold announced an investment of **$1.4 billion** for the expanded Phase 2 (EP2) of the Blackwater Mine, aiming to increase production capacity significantly [2][30] - The project is expected to grow production to at least **500,000 ounces of gold per year** for the first ten years post-expansion [5][30] Production Capacity and Cost Efficiency - The current Phase 1A construction is set to increase plant capacity from **6 million tons per annum (mtpa)** to **8 mtpa** by the end of **2026** [4][19] - EP2 will further increase throughput to **21 mtpa** by the end of **2028**, with potential for future increases [4][8] - The capital intensity for EP2 is approximately **$110 per ton** of additional annual throughput, which is competitive within the industry [5][30] Financial Outlook - The all-in sustaining costs (AISC) are projected to average between **$1,000 and $1,100** per ounce of gold sold over the next ten years [7][30] - The company expects to fund EP2 primarily through operating cash flow, minimizing the need for equity dilution [6][30] Operational and Technical Details - Mill recoveries are anticipated to average **93%** after the completion of both Phase 1A and EP2 circuits [9] - The mine life is projected to extend to at least **2043**, with potential for further extensions based on ongoing exploration and resource optimization [9][26] Employment and Economic Impact - The EP2 project is expected to create **1,500 direct construction jobs** and approximately **1,200 full-time positions** once operational, contributing to local economic growth [23][24] Resource Expansion and Exploration - The company plans to launch a resource expansion program in the first half of **2026**, including additional drilling and an optimized mine plan [5][26] - A **$5 million** regional exploration drill program is underway, targeting a large land package with significant potential [28] Environmental Considerations - The company is exploring alternative methods for waste transportation and electrification of the haulage fleet to reduce costs and greenhouse gas emissions [27][30] - The power supply for the EP2 project is expected to be sourced from **BC Hydro**, with a long-term commitment for additional power needs [29][76] Future Growth Potential - There is potential for further expansions beyond EP2, with discussions around a future Phase 3 development to increase throughput beyond **25 mtpa** [31] - The company is optimistic about resource growth driven by higher gold prices and ongoing exploration efforts [25][31] Additional Important Information - The company is currently stockpiling over **14 million tons** of low and medium-grade material for future processing, which could enhance resource estimates [26][52] - The operational strategy includes maintaining flexibility between Phase 1A and EP2 plants to optimize production and manage ore quality effectively [68][70] This summary encapsulates the key points discussed during the conference call regarding Artemis Gold's Blackwater Mine expansion, highlighting the strategic, financial, and operational aspects of the project.

Core Viewpoint - Seabridge Gold plans to spin out its subsidiary owning the Courageous Lake project, aiming to unlock its value overshadowed by the KSM project [1][8] Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with an estimated 11 million oz. of gold in the measured and indicated category and an additional 3.3 million oz. in the inferred category [2] - The project has 2.8 million oz. of proven and probable reserves at an average grade of 2.6 g/t, making it one of the highest-grade open-pit gold projects in Canada [2] Spin-Out Details - The new entity, named Valor Gold, will focus on exploration, engineering, and permitting for the Courageous Lake project, with shares distributed to Seabridge shareholders [3] Economic Assessment - An updated preliminary feasibility study indicates a potential open-pit gold mine with an average annual production of 201,000 oz. over a mine life of approximately 12.6 years [4] - At a gold price of $1,850/oz., the project's after-tax net present value (NPV) is $523 million, with an internal rate of return (IRR) of 20.6% and a payback period of 2.8 years; at $2,500/oz., the NPV increases to $1.1 billion, IRR to 38.2%, and payback to 1.6 years [5] Expansion Potential - A new preliminary economic assessment suggests potential for mine life extension by evaluating additional inferred resources and satellite pits, such as the Walsh Lake deposit, which has an inferred resource of 555,000 oz. of gold [6][7] - Less than 15% of the 500 km² land package has been explored, indicating significant upside potential [7] Management Perspective - The company believes Courageous Lake holds substantial value and additional district potential in a Tier 1 jurisdiction, which is not currently reflected in Seabridge's share price [8]

Core Viewpoint - First Nordic Metals Corp. has successfully completed the acquisition of Mawson Finland Limited, consolidating a significant gold development and exploration portfolio in Sweden and Finland, and will rebrand as Goldsky Resources Corp. [1][4] Transaction Overview - The acquisition was executed through a court-approved plan of arrangement, effective December 16, 2025, and follows a share consolidation that took place on December 10, 2025 [1][3][2]. - The transaction involved an exchange ratio of 1.7884 Company Shares for each common share of Mawson [10]. Portfolio and Resource Highlights - The combined entity now holds a total of 2.0 million ounces of gold equivalent (AuEq) in inferred resources and 0.3 million ounces in indicated resources [8]. - Key projects include: - Barsele Project: 5.58 million tonnes at 1.81 g/t Au (324,000 oz Au) and 25.50 million tonnes at 2.54 g/t Au (2.09 million oz Au) [8]. - Rajapalot Project: 9.8 million tonnes at 2.8 g/t Au and 441 ppm Co (0.9 million oz Au) [8]. - Oijärvi Project: 1.07 million tonnes at 4.1 g/t Au and 35.4 g/t Ag (159,000 oz AuEq) [8]. Financial Aspects - The company raised C$80 million through subscription receipt financings, which will be allocated for exploration programs, transaction costs, and working capital [5]. - Following the transaction, the company has approximately C$86 million in cash before transaction costs [17]. Management and Board Changes - The new management team includes experienced mine builders and capital markets experts, with Peter Breese as Chairman and Russell Bradford as CEO [7][18]. - The board will also include members from both First Nordic and Mawson, enhancing governance and strategic oversight [23]. Market Position and Future Outlook - The merger positions Goldsky as a leading Nordic gold developer with a diversified asset portfolio and significant exploration potential [9][17]. - The company aims to leverage its combined experience to accelerate project development and explore further acquisition opportunities in the region [17][25].

Not for distribution to United States news wire services or for dissemination in the United States VANCOUVER, British Columbia, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (TSX-V: ASE | GSE: ASG | OTCQX: ASGOF) ("Asante" or the "Company") is pleased to announce that it has entered into an agreement with BMO Capital Markets ("BMO"), pursuant to which BMO has agreed to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together with BMO, the "Underwriters"), t ...

Expanded Phase 2 (EP2) Overview - The Expanded Phase 2 (EP2) project aims to add a 13 Mtpa plant to achieve a total throughput of 21 Mtpa by the end of 2028[9] - The capital cost for EP2 is estimated at $144 billion[11] - The project targets over 500,000 ounces of annual gold production for the first 10 full years[13] - Phase 1A aims to increase plant design throughput from 6 Mtpa to 8 Mtpa by the end of 2026, with a capital cost of $110 million[9, 11] Production and Cost Guidance - The project anticipates annual average gold production of 500,000-525,000 ounces for the first 10 full years (2029-2038)[14] - Annual average silver production is projected at 2,000,000-2,500,000 ounces for the first 10 full years (2029-2038)[14] - All-in sustaining costs (AISC) are estimated at $1,000-$1,100 per ounce of gold for the first 10 full years[14] Project Execution and Benefits - Front-end engineering and design for EP2 were completed in December 2025, with advanced planning for early works and construction[30] - The EP2 processing plant will be a separate facility adjacent to the Phase 1 processing plant, minimizing disruption to current operations[22] - The project is expected to create approximately 1,200 direct employee and contractor positions for operations, plus around 1,500 employees and contractors during construction[41]

Core Insights - Aris Mining Corporation (ARMN) is facing significant cost pressures, with an all-in-sustaining cost (AISC) per ounce of $1,641 in Q3 2025, up from $1,540 in the same quarter last year, marking a 6.6% year-over-year increase [1][8] Cost Analysis - The rise in costs is attributed to higher volumes of purchased mill feed from Contract Mining Partners, increased royalty and social contribution expenses due to higher gold prices, and greater mining costs from increased throughput and the ramp-up of operations at Segovia [2][8] - The Segovia Operations, a key asset for ARMN, reported AISC of $1,641 per ounce, reflecting the impact of higher sustaining capital expenditures [1][8] Profitability and Margins - Despite rising costs, ARMN's profitability remains strong, with AISC margin improving by 36% sequentially and 42% year-over-year in Q3, driven by higher realized gold prices and increased sales volumes [3][4] - The company is well-positioned to maintain healthy margins and execute its long-term growth strategy, supported by rising gold prices and disciplined cost management [4] Peer Comparison - Among peers, Agnico Eagle Mines Limited reported AISC of $1,373 per ounce, a 7% increase year-over-year, while Newmont Corp. reported AISC of $1,566 per ounce, down 2.8% year-over-year, but expects an increase in 2025 [5][6] Stock Performance and Valuation - Aris Mining's shares have increased by 65.3% over the past three months, outperforming the industry growth of 22.3% [7] - The company is trading at a forward price-to-earnings ratio of 7.30X, significantly lower than the industry average of 13.56X, indicating potential undervaluation [10] Earnings Estimates - The Zacks Consensus Estimate for Aris Mining's earnings has risen by 32.5% for 2025 over the past 60 days, reflecting positive market sentiment [12]

Core Thesis - Newmont Corporation (NEM) is positioned as an insurance policy against Federal Reserve policies, fiscal dominance, and currency debasement [1] Federal Reserve Policy - The Federal Reserve has made its position clear regarding liquidity and balance-sheet expansion [1]

Core Thesis - Newmont Corporation (NEM) is positioned as an insurance policy against Federal Reserve policy, fiscal dominance, and currency debasement [1] Federal Reserve Policy - The Federal Reserve has made its position clear regarding liquidity and balance-sheet expansion [1]

Core Insights - Rocky Shore Gold Ltd. has identified thick, higher-grade gold intervals in its Mosquito Hill and Reid gold deposits through ongoing data compilation, indicating significant potential for further exploration and development [1][2][3] Group 1: Company Developments - The company is set to initiate its first winter drill program at the Lane Pond Gold Target in Q1 2026, which is strategically located near the Mosquito Hill and Reid deposits [2] - The ongoing compilation program is expected to yield further news releases in the coming months, highlighting the company's commitment to exploring its gold assets [2] - With gold prices near all-time highs and a strong treasury, the company is well-positioned for growth and value creation in 2026 [2] Group 2: Historical Drill Highlights - Historical drill results from the Mosquito Hill Gold Deposit include significant intervals such as 2.21 g/t gold over 35.00 m and 0.67 g/t gold over 103.35 m [4][10] - The Reid Gold Deposit has also shown promising results, with intervals like 1.60 g/t gold over 20.00 m and 1.10 g/t gold over 41.40 m [17][18] - The Mosquito Hill Gold Deposit has a historical indicated mineral resource of 11,180,000 tonnes at 0.55 g/t gold, equating to approximately 196,257 gold ounces [10] - The Reid Gold Deposit has a historical inferred mineral resource of 9,570,000 tonnes at 0.56 g/t gold, amounting to about 173,000 gold ounces [12] Group 3: Project Location and Geology - The Gold Anchor Project, where the Mosquito Hill and Reid deposits are located, is situated within an emerging gold district in central Newfoundland, characterized by the Appleton Fault Corridor [1][5] - The project encompasses a significant area of over 1,200 square kilometers, making it one of the largest properties in the region [33]

Core Viewpoint - Globex Mining Enterprises Inc. is pleased to report significant exploration updates from Cartier Resources Inc. regarding gold discoveries on Globex's Nordeau Royalty claims in Quebec, indicating strong potential for future gold inventory and expansion of drilling programs [1][8]. Exploration Results - Cartier Resources has made important gold discoveries in the North Contact Zone (NCZ) on the Cadillac Property, with drill intersections showing significant gold mineralization at depths between 100 m to 300 m [1]. - The drilling has outlined three high-grade gold zones (NCZ1, NCZ2, NCZ3) over a strike length of approximately 400 meters [1]. - Notable drill results include hole CA25-531, which intersected 3.2 g/t Au over 12.5 m, and hole CA25-536, which reported an impressive 111.5 g/t Au over 2.0 m, including 339.6 g/t Au over 0.5 m [1][5]. Detailed Drill Results - The assay results from various drill holes indicate multiple intersections of gold mineralization, with several holes reporting high-grade values: - Hole CA25-523: 0.9 g/t Au over 6.0 m [3] - Hole CA25-524: 5.9 g/t Au over 7.7 m, including 16.7 g/t Au over 2.1 m [4] - Hole CA25-531: 3.2 g/t Au over 12.5 m, including 7.0 g/t Au over 3.0 m [5] - Hole CA25-536: 111.5 g/t Au over 2.0 m, including 339.6 g/t Au over 0.5 m [6] Future Plans - Cartier plans to continue drilling to extend gold mineralization closer to the surface and evaluate new high-priority regional targets at the Contact Sector [8]. - An expansion of the drilling program is being considered to explore the eastern extension of the NCZ, with over 100,000 meters of drilling planned for 2026 [11].