Core Insights - Xali Gold Corp. has completed due diligence site visits for the Pico Machay Gold Project in Central Peru, confirming the quality of historical work and supporting the acquisition through a Share Purchase Agreement with Pan American Silver Corp. [1][2] Group 1: Project Overview - The Pico Machay Project has a historic Measured and Indicated Resource of 264,600 ounces of gold and an additional Historic Inferred Resource of 446,000 ounces of gold [6]. - The alteration footprint of the project is significantly larger than previously understood, measuring approximately 4.1 km by 1.3 km, indicating substantial exploration potential [3]. Group 2: Due Diligence Findings - Three site visits conducted between June and November 2025 have provided strong confidence in the integrity of historical work, with verification of the geological model and drill collar locations [2][4]. - New rock chip samples collected during the site visits confirm both higher-grade and lower-grade gold and silver values, reinforcing the strength of the mineralized system [5]. Group 3: Future Plans - An updated National Instrument 43-101 report is being prepared, which will serve as the foundation for converting the historic mineral resource estimate to a current estimate [2][5]. - The extensive undrilled areas within the alteration system present exceptional opportunities for resource expansion and new discoveries [3].

Elliott Investment Management has acquired a substantial stake in Barrick Mining, reported Reuters, citing sources familiar with the matter. The development comes as Barrick faces operational challenges and rising expenses, with Elliott’s stake estimated to be worth at least $700m (C$980.03m). Over the past year, Barrick has faced setbacks including the loss of control over a key gold mine in Mali, resulting in a $1bn write-off. This occurred alongside the departure of CEO Mark Bristow after nearly seve ...

Dakota Gold Intersects High-Grade Gold Mineralization in Expansion Drilling at Richmond HillNovember 19, 2025 6:30 AM EST | Source: Dakota Gold Corp.Lead, South Dakota--(Newsfile Corp. - November 19, 2025) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to report assay results from 26 drill holes completed as part of its ongoing 2025 drilling campaign at the Richmond Hill Oxide Heap Leach Gold Project ("Richmond Hill" or the "Project"). These results include ...

Core Insights - Relevant Gold Corp. has provided an exploration update for its South Pass Gold Camp, which spans over 35,000 acres in west-central Wyoming [1] Exploration Activities - The company has initiated a combined airborne high-resolution Versatile Time Domain Electromagnetic (VTEM™) and magnetics survey [1] - This survey aims to acquire high-resolution data to assist in identifying secondary structures, conductive, and magnetic anomalies [1] - The data collected will help refine drill targets across the South Pass gold camp [1]

Core Viewpoint - Metals Creek Resources Corp. has received conditional approval from the TSX Venture Exchange for a non-brokered private placement aimed at raising up to $1,000,000 through the issuance of flow-through and non-flow-through units [1][4]. Financing Details - The company plans to issue up to 12,500,000 flow-through units at a price of $0.04 per unit and up to 14,285,714 non-flow-through units at a price of $0.035 per unit, totaling up to $1,000,000 in proceeds [2]. - Each flow-through unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant, with the whole warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 24 months [2]. - Each non-flow-through unit consists of one non-flow-through common share and one non-flow-through common share purchase warrant, with the warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 60 months [2]. Financing Progress - The company has closed the first tranche of the financing, issuing 7,500,000 non-flow-through units and 8,625,000 flow-through units, resulting in gross proceeds of $607,500 [3]. Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration on the company's properties in Newfoundland and Ontario, including the Ogden Gold Project, ensuring that these expenses qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) [5]. Company Overview - Metals Creek Resources Corp. is a junior exploration company incorporated in British Columbia, listed on the TSX Venture Exchange under the symbol "MEK" [6]. - The company holds a 50% interest in the Ogden Gold Property, which includes the past-producing Naybob Gold mine, located 6 km south of Timmins, Ontario [7].

Group 1 - Gold stocks rebounded in early trading, with gains exceeding 3% for some companies [1] - Notable stock performances include China Gold International (+3.14%), Zijin Mining International (+2.19%), and Zhaojin Mining (+2.17%) [2] - COMEX gold prices recently fell below $4000 per ounce, influenced by reduced safe-haven demand and inconsistent expectations regarding U.S. economic data and inflation trends [2] Group 2 - Everbright Securities reports that the U.S. is entering a rate-cutting cycle, which, combined with increased global uncertainty, is driving a resurgence in gold ETF investment demand [3] - The trend of central banks increasing gold holdings continues amid a backdrop of de-dollarization, with a positive outlook for gold prices [3] - Recommendations include Zijin Mining, with a focus on Chifeng Gold and Zijin Gold International [3]

Core Viewpoint - Minnova Corp. has filed an amended and restated offering document for a private placement aiming to raise up to C$5 million to support its PL Gold Mine Project and general corporate purposes [1][4]. Group 1: Offering Details - The Marketed Offering will consist of units priced at C$0.20, flow-through units at C$0.23, and charity flow-through units at C$0.32, with a total offering size of up to C$5 million [2][7]. - Each unit includes one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.30 within 36 months after the closing date [2][3]. - An option has been granted to Red Cloud Securities to sell an additional C$1 million in units prior to the closing of the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the exploration and advancement of the PL Gold Mine Project, as well as for working capital and general corporate purposes [4]. - Proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the PL Gold Mine Project, with all qualifying expenditures renounced in favor of subscribers effective December 31, 2025 [5]. Group 3: Regulatory and Compliance - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and is scheduled to close on December 3, 2025 [10]. - The securities will be offered in compliance with National Instrument 45-106 and will be freely tradeable in Canada, with restrictions on sales in the United States [8][9]. Group 4: 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 [12]. - The project benefits from a short pre-production timeline of 15 months and is located in the Flin Flon Greenstone Belt of Central Manitoba, with existing mining infrastructure nearby [12].

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Core Viewpoint - Gold Reserve Ltd. has faced a setback as the U.S. Court of Appeals for the Third Circuit denied its Petition for Writ of Mandamus and request for oral argument without providing a written opinion [1] Company Summary - The company is currently evaluating all available appellate remedies and other avenues for relief following the court's decision [1]

Core Insights - Gold has experienced a significant rally in 2025, gaining over 50% year-to-date, driven by strong demand from central banks and retail investors [1] - The price of gold reached a record high of nearly $4,400 per ounce before experiencing profit-taking, with expectations of US interest rate cuts and inflation fears contributing to its recent rise [2] - The top 20 gold projects collectively contain over 900 million ounces of gold, valued at approximately $3.7 trillion at current prices, despite many facing challenges in moving to production [3] Project Summaries - **KSM Project**: Seabridge Gold's Kerr-Sulphurets-Mitchell (KSM) is the largest project with 88.7 million ounces of contained metal, federally approved for a decade, and has seen over C$550 million invested in early-stage construction [4] - **Grasberg Mine**: Operated by Freeport McMoRan, this mine ranks second with 87.7 million ounces and has faced operational challenges, including a deadly accident [5] - **Olympic Dam**: BHP's complex in South Australia ranks third with 78.9 million ounces and plans to invest A$840 million in expansion projects [6] - **Pebble Project**: Northern Dynasty Minerals' Pebble project has 68.8 million ounces but has been stalled for over a decade due to environmental concerns [7] - **Nevada Gold Mines**: A joint venture between Barrick and Newmont, this project ranks fifth with 66.7 million ounces and has a complex history of mergers and acquisitions [8] - **South Deep**: Gold Field's South Deep mine in South Africa has 52.1 million ounces and is expected to remain operational past 2100 [9] - **Muruntau**: Operated by Uzbekistan's Navoi Mining, this project has 48.2 million ounces and plans to increase output by 30% over the next five years [10] - **Sukhoi Log**: Polyus' project in Siberia has 48 million ounces and is currently under construction with an estimated cost of $6 billion [11] - **Norte Abierto**: A joint venture in Chile with 44 million ounces, formed from the merger of two mines owned by Barrick and Newmont [12] - **Olimpiada**: Polyus' largest asset has 43.9 million ounces and is undergoing expansion to extend its operational life [13] - **Donlin**: This Alaskan project has 40 million ounces and is undergoing a feasibility study after a change in ownership [15] - **Detour Lake**: Agnico Eagle's project in Ontario has 34.8 million ounces and is advancing plans for underground development [16] - **Cascabel**: SolGold's project in Ecuador has 31.2 million ounces and is backed by major industry players [17] - **Reko Diq**: Barrick's project in Pakistan has 29 million ounces and is expected to start production by the end of 2028 [18] - **Cadia East**: Newmont's mine in Australia has 28.6 million ounces and is advancing underground development [19] - **Pueblo Viejo**: A joint venture in the Dominican Republic with 25 million ounces, currently undergoing a $1.4 billion expansion [20] - **Natalka**: Polyus' project in Russia has 23.4 million ounces and is expanding its processing capabilities [21] - **KCGM**: This Australian project has 22.8 million ounces and is considered a key asset following a merger [23] - **Filo del Sol**: A project straddling Chile and Argentina with 22.3 million ounces, recently acquired by BHP and Lundin Mining [24] - **Pascua-Lama**: Barrick's project in Chile has 21.9 million ounces but faces significant environmental challenges [25]