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G2 Drills Best Holes to Date in New OKO Surface Discovery
Globenewswire· 2025-07-15 10:00
Drilling intersects broad zones of high-grade gold mineralization down plunge of original Discovery ZoneHigh grade intersections include: AMD30 – 5.9 g/t Au over 60 metres (m) including 9.3 g/t Au over 22.5mAMD50 – 2.2 g/t Au over 99.9m including 5.5 g/t Au over 25.5mAMD37 – 3.0 g/t Au over 51.0m including 6.3 g/t Au over 10.5m Five drill rigs active in the Discovery AreaUpdated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) anticipated in Q4 2025 TORONTO, July 15, 2025 (GLOBE NE ...
ZHAOJIN MINING(01818.HK):HAIYU GOLD MINE TO START OPERATING;GLOBAL EXPANSION UNDERWAY
Ge Long Hui· 2025-07-15 08:25
Investment Positives - Zhaojin Mining has resumed coverage with an OUTPERFORM rating and a target price of HK$27.00, implying a 27x 2025 estimated P/E ratio, indicating strong growth momentum as a leading gold producer and smelter in China [1] - The Haiyu Gold Mine, in which Zhaojin Mining holds a 70% stake, is expected to produce 15–20 tons of gold annually at full capacity, with the company's attributable output projected at approximately 10.5–14 tons, positioning it as one of China's largest gold mines [1][2] Global Expansion - The successful acquisition of Tietto Minerals and Xijin Mining marks Zhaojin Mining's global expansion efforts, with Tietto holding an 88% stake in the Abujar open-pit gold project in Côte d'Ivoire, expected to produce 5.28 tons of gold annually for the next nine years [3] - Xijin Mining operates the Komahun gold mine in Sierra Leone, producing 1.77 tons annually, which will help Zhaojin Mining leverage its experience for further global expansion, aiming for overseas profits to reach around 50% [4] Corporate Management and Efficiency - Zijin Mining became the second-largest shareholder of Zhaojin Mining in 2022, holding a 44% stake in the Haiyu Gold Mine, which is expected to create synergies in institutional mechanisms, investment development, and technological innovation [5] - A management reshuffle in 2023 has optimized corporate governance, leading to a decrease in the company's expense ratio since 2022, which, along with organic growth and external expansion, is anticipated to drive strong profit growth [5] Market Trends and Gold Prices - The trend of de-dollarization and potential interest rate cuts may support gold price growth, with falling real interest rates creating favorable conditions for gold investments [6] - Global central banks have been increasing net gold purchases, particularly from emerging countries, indicating sustained demand for gold investment [7] Financial Outlook - Zhaojin Mining's estimated EPS is projected at Rmb0.92 in 2025 and Rmb1.10 in 2026, reflecting a CAGR of 62%, with the stock currently trading at 20.2x 2025 estimated P/E [8] - The company is optimistic about its growth outlook, driven by its ability to convert quality resources into production capacity and long-term earnings [8]
ACG METALS LIMITED: H1 2025 Operations and Capital Structure Update
Prnewswire· 2025-07-15 06:05
Core Viewpoint - ACG Metals Limited has reported strong operational results for H1 2025, including a significant increase in production guidance and advancements in the Gediktepe Sulphide Expansion Project, while maintaining a leading safety record [1][4][7]. H1 2025 Operational Highlights - Production guidance for FY2025 has been upgraded from 30-33 koz to 36-38 koz AuEq, driven by operational improvements and higher recoveries of gold and silver [7]. - The company achieved a 3% increase in Gold Equivalent production at the Gediktepe Mine, with sales of 23 koz of Gold Equivalent [7][8]. - ACG reported a realized gold price of $2,950/oz, a 37% increase compared to H1 2024, and a silver price of $32/oz, a 27% increase [8]. - All-in sustaining costs (AISC) decreased by 13% to $1,060/oz from $1,218/oz in H1 2024, reflecting cost discipline [7][8]. Safety and Operational Integrity - ACG achieved a new record of 817 LTI-free days as of the end of June 2025, demonstrating robust safety practices [7][8]. Gediktepe Sulphide Expansion Project - The project is progressing on schedule and on budget, with 48% of engineering design completed, 36% of procurement deliveries, and 15% of construction underway [7][14]. - Major construction milestones include the completion of earthworks and the start of Heating Centre construction for the GAP Blue Collar camp [14]. Capital Structure and Bond Update - ACG made its first scheduled coupon payment on its $200 million Senior Secured Bond on July 13, 2025, and has fully repaid outstanding sponsor loans [7][12][15]. - The company’s net debt as of July 13, 2025, was $66 million, with a cash balance of $133 million [15]. Gold Hedging Strategy - ACG's structured collar hedging strategy provided effective downside protection while allowing for exposure to upside in gold prices, without significantly affecting realized prices [16].
Montage Gold Closes Strategic Investment in Aurum Resources
Globenewswire· 2025-07-14 23:37
Core Viewpoint - Montage Gold Corp. has successfully completed a strategic investment in Aurum Resources Limited, enhancing its position in the gold mining sector [1][2][3]. Group 1: Strategic Investment Details - The strategic investment involves a share exchange transaction where Montage received 32,887,521 ordinary shares of Aurum at a deemed price of A$0.356 per share, while Aurum received 2,887,496 common shares of Montage at a deemed price of C$3.61 per share [2]. - Montage now holds a 9.9% interest in Aurum and has co-invested alongside other strategic investors, including the Lundin Family and Zhaojin Mining Industry Company Limited [3]. Group 2: Use of Proceeds - Aurum plans to utilize the proceeds from this investment to accelerate resource definition drilling at the Boundiali gold project and exploration drilling at the Napié gold project in Côte d'Ivoire, as well as to advance technical studies and permit applications [4]. Group 3: Company Overview - Montage Gold Corp. is focused on becoming a leading multi-asset African gold producer, with its flagship Koné project in Côte d'Ivoire expected to have a mine life of 16 years and an annual production of over 300,000 ounces of gold during the first eight years, with production anticipated to start in Q2-2027 [5].
Minnova Announces Closing of First Tranche of Private Placement
Newsfile· 2025-07-14 23:25
Core Points - Minnova Corp. has completed the first tranche of its non-brokered private placement financing, raising gross proceeds of $425,500 through the issuance of 8,510,000 units at a price of $0.05 per unit [1][2] Group 1: Offering Details - Each unit consists of one common share and one-half of a whole common share purchase warrant, with each warrant allowing the purchase of one common share at $0.10 for two years [2] - The gross proceeds will be allocated to the PL Mine for permitting, resource expansion, exploration drill program planning, and general working capital [3] - A cash commission of $2,835 was paid to finders, equating to 7% of the gross proceeds, along with the issuance of 56,700 broker warrants [4] Group 2: Company Overview - Minnova Corp. is focused on restarting its PL Gold Mine, which has a positive feasibility study indicating an average annual production rate of 46,493 ounces over a minimum five-year mine life [6] - The project has a short pre-production timeline of 15 months, a valid underground mining permit, and an existing processing plant [6] - The PL Gold Mine is located in the Flin Flon Greenstone Belt of Central Manitoba, benefiting from proximity to existing mining infrastructure [6]
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Royal Gold, Inc. (NASDAQ: RGLD)
GlobeNewswire News Room· 2025-07-14 22:36
NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Royal Gold, Inc. (NASDAQ: RGLD) related to its merger with Sandstorm Gold Ltd. Upon completion of the proposed transaction, existi ...
First Mining Announces Public Offering and Non-Brokered Private Placement for up to $20 Million
Globenewswire· 2025-07-14 20:09
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Base Shelf Prospectus Accessible and Prospectus Supplement to be Accessible on SEDAR+ VANCOUVER, British Columbia, July 14, 2025 (GLOBE NEWSWIRE) -- First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on behalf of a syndicate of agents (collectively, the "Agents"), in conne ...
Revival Gold Announces Upsize of Financing for a Total of $27 Million
GlobeNewswire News Room· 2025-07-14 18:32
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA. TORONTO, July 14, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG) (“Revival Gold” or the “Company”) is pleased to announce that, further to the Company’s press release dated July 10, 2025, EMR Capital Management Limited (“EMR”) has agreed to upsize its prev ...
Revival Gold Announces Upsize of Financing for a Total of $27 Million
Globenewswire· 2025-07-14 18:32
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA. TORONTO, July 14, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG) (“Revival Gold” or the “Company”) is pleased to announce that, further to the Company’s press release dated July 10, 2025, EMR Capital Management Limited (“EMR”) has agreed to upsize its prev ...
GALIANO GOLD ANNOUNCES POSITIVE INITIAL DEEP DRILLING RESULTS AT ABORE INCLUDING 36m @ 2.5 g/t Au
Prnewswire· 2025-07-14 11:56
Core Insights - The Abore deep drilling program confirmed the continuity of mineralization 200m below the current Mineral Reserve, indicating potential for future resource expansion [1][2] - The program's results suggest that the mineralizing system remains open in all directions and carries sufficient grades and widths to support bulk underground mining development [1][2] Drilling Results - The completed deep drilling program consisted of four holes totaling 1,907m, successfully intersecting mineralized granite in all holes [1][2] - Notable intercepts include: - Hole ABDD25-350: 36.2m @ 2.5 g/t Au, including 22m @ 3.8 g/t Au [6][7] - Hole ABPC25-356: 16.1m @ 3.1 g/t Au [8] - The results build on previous drilling successes and confirm the presence of controlling structures and host lithologies below previously drilled areas [2] Infill Drilling Program - Following positive results from a Phase 1 drilling program, a Phase 2 infill drilling program has commenced to further test mineralization extensions below the boundaries of Abore's Mineral Reserve and Resource [3] Mineral Resource Estimates - Abore has current Measured and Indicated Mineral Resources of 638,000 ounces at 1.24 g/t Au and Inferred Mineral Resources of 78,000 ounces at 1.17 g/t Au, as of December 31, 2024 [4] Geological Context - The Abore deposit is located along the Esaase shear corridor and is characterized by a sedimentary sequence intruded by granite, with mineralization primarily constrained to the granite [5]