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Equinox Gold Achieves Commercial Production at Valentine Gold Mine, Driving Canadian Gold Production Growth into 2026
Newsfile· 2025-11-18 11:30
Core Viewpoint - Equinox Gold has achieved commercial production at its Valentine Gold Mine, marking a significant milestone in expanding its Canadian operations and contributing to gold production growth in Canada through 2026 [1][2]. Production Performance - The Valentine process plant has averaged 5,451 tonnes per day (tpd) over the last 60 days, achieving 80% of its nameplate capacity of 6,850 tpd, with gold recovery rates exceeding 93% on lower-grade commissioning feed of 1.2 grams per tonne gold [3]. - The mine is expected to produce between 15,000 to 30,000 ounces of gold in Q4, with projections for 150,000 to 200,000 ounces in 2026 as it reaches nameplate capacity by Q2 2026 [4]. Future Expansion Plans - The company is advancing Phase 2 studies that could increase mill throughput to 5 million tonnes per year, effectively doubling the current nameplate capacity from 4 million tonnes as per the 2022 feasibility study [4]. Company Overview - Equinox Gold is a Canadian mining company focused on growth, with a portfolio of high-quality, long-life gold operations in Canada and the Americas, alongside a pipeline of development and expansion projects [5].
FireFox Gold Announces Drill Program at the Sarvi Project in Lapland, Finland and Provides Corporate Update
Accessnewswire· 2025-11-18 10:30
Core Insights - FireFox Gold Corp. has completed a reconnaissance diamond drilling campaign at its Sarvi project in Lapland, Finland [1] - The Sarvi project is strategically located, sharing an 8-kilometre tenement boundary with Rupert Resources' Area 1 Project, which contains the Ikkari gold deposit [1] Company Overview - FireFox Gold Corp. is focused on gold exploration in Finland, with the Sarvi project being a key asset [1] - The company holds a 100% interest in the Sarvi project, indicating full ownership and control over the exploration activities [1] Industry Context - The proximity of the Sarvi project to the Ikkari gold deposit suggests potential for significant mineralization and exploration synergies [1] - The ongoing exploration activities in the region highlight the growing interest in gold mining in Finland, particularly in areas with known deposits [1]
New Strong Buy Stocks for Nov. 18: ALL, HMY, and More
ZACKS· 2025-11-18 09:30
Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment. Group 1: Company Performance - Allstate (ALL) is the third-largest property-casualty insurer in the U.S., with a 29.9% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - Harmony Gold (HMY) engages in gold mining and related activities, experiencing a 12.7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - America Movil, S.A.B. de C.V. (AMX) is the leading telecommunications provider in Latin America, with a 12.6% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - Deutsche Bank (DB), the largest bank in Germany, has seen a 5.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [4] - Enersys (ENS) manufactures industrial batteries and has experienced a 5.3% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [5]
West Red Lake Gold Reports Mid-Q4 Madsen Mine Update
Globenewswire· 2025-11-18 08:30
Core Insights - West Red Lake Gold Mines Ltd. is making significant progress in ramping up operations at the Madsen Mine, with a goal of achieving full-scale operations by early 2026 [1][3] Production Update - In the first half of Q4, the Madsen Mine saw a 24% increase in mined ore production in October compared to September, indicating a positive trend towards commercial production levels [2][5] - The mine has initiated an underground waste rock storage program, which has improved ore trucking capacity and facilitated increased ore movement [4][5] Equipment and Infrastructure - The Madsen Mine received three 4-yard scoops and is expecting the final 42-tonne haul truck delivery soon, which will enhance operational efficiency [6] - A maintenance shop's components have arrived on site, which will improve the mine's ability to maintain its mobile fleet, crucial for operational efficiency [6] Management and Leadership - Sean McCormack has been appointed as Mine General Manager, bringing extensive experience from previous roles at Wesdome Mines and Kirkland Lake Gold [7] - The site management team has been strengthened with the addition of key personnel, including Bright Asamoah as Chief Engineer, James Armstrong as Mill Manager, and William Curry as Senior Operations Manager, all of whom have significant industry experience [8][9][10][12] Company Overview - West Red Lake Gold Mines Ltd. focuses on the high-grade Madsen Gold Mine and holds a 47 km land package in the Red Lake district, which is known for its rich gold deposits [14]
West Red Lake Gold Reports Mid-Q4 Madsen Mine Update
Globenewswire· 2025-11-18 08:30
Core Viewpoint - West Red Lake Gold Mines Ltd. is making significant progress in ramping up operations at the Madsen Mine, with a focus on achieving full-scale production by early 2026, highlighted by a 24% increase in ore production in October compared to September [1][2][3]. Production Update - The Madsen Mine has seen a 24% increase in mined ore production in October compared to September, attributed to enhanced ore trucking capacity and the initiation of an underground waste rock storage program [2][5]. - The mine's daily tonnage is on track towards commercial production levels expected early in Q1 2026 [5]. Equipment and Infrastructure - The mine received three 4-yard scoops and is expecting the final 42-tonne haul truck delivery soon, which will enhance operational efficiency [6]. - A maintenance shop's components have arrived, which will improve the mine's ability to maintain its mobile fleet, crucial for efficient operations [6]. Management and Leadership - Sean McCormack has been appointed as Mine General Manager, bringing extensive experience from previous roles at Wesdome Mines and Kirkland Lake Gold [7]. - The management team has been strengthened with the addition of key personnel, including Bright Asamoah as Chief Engineer, James Armstrong as Mill Manager, and William Curry as Senior Operations Manager, all of whom have significant industry experience [8][9][10][12]. Company Overview - West Red Lake Gold Mines Ltd. focuses on the high-grade Madsen Gold Mine and holds a 47 km² land package in the Red Lake district, known for its rich gold deposits, having produced over 30 million ounces of gold historically [14].
Thor Explorations Announces Third Quarter 2025 Financial and Operating Results, for the Three Months Ending September 30, 2025
Newsfile· 2025-11-18 07:00
Core Viewpoint - Thor Explorations reported strong financial and operational results for Q3 2025, driven by increased gold production and favorable market conditions, with a net profit of US$43.1 million and significant advancements in exploration activities across its projects [13][14]. Financial Highlights - Revenue for Q3 2025 reached US$69.9 million, a substantial increase from US$40.2 million in Q3 2024 [7]. - The company sold 19,650 ounces of gold at an average price of US$3,535 per ounce, with cash operating costs of US$783 per ounce and all-in sustaining costs (AISC) of US$1,129 per ounce [7]. - Adjusted net cash position improved to US$81.0 million, up from US$3.2 million in Q3 2024 [7]. Operational Highlights - Gold poured totaled 22,617 ounces during Q3 2025, compared to 20,110 ounces in Q3 2024 [7]. - The Segilola mine processed 250,459 tonnes of ore at an increased throughput rate of 2,722 tonnes per day, with a mill feed grade of 3.11 grams per tonne [7]. - The process plant recovery rate improved to 94.3%, up from 88.5% in Q3 2024, with no significant unplanned downtime [13][14]. Exploration Activities - The life of mine extension drilling program at Segilola continued, focusing on depth extensions of the deposits [5][15]. - A reverse circulation drilling program was completed at the Baraka 3 Prospect, with encouraging initial results from metallurgical tests [11][16]. - The company aims to define an updated resource for Segilola by the end of 2025, with a release planned for Q1 2026 [15]. Strategic Acquisitions - Thor Explorations signed a binding agreement to acquire the remaining 30% interest in the Douta Project for US$3.0 million, enhancing its ownership to 100% [11][16]. - The company also acquired a 65% interest in the Bousankhoba Exploration Permit, which is expected to provide long-term exploration potential [11][16]. Community and ESG Initiatives - The company undertook a community medical outreach program, benefiting over 3,000 residents, and launched SegunCare for chronic health conditions [17]. - Environmental initiatives included a 62% increase in reclaimed water use and improvements in energy and emissions intensity compared to Q3 2024 [17].
Mayfair Gold Q3 2025 Financial and Operating Results
Prnewswire· 2025-11-18 03:03
Core Insights - Mayfair Gold Corp. reported its operating and financial results for Q3 2025, focusing on the Fenn-Gib gold project in Northeast Ontario [1][2] - The company completed a $40 million LIFE Offering to fund the advancement of the Fenn-Gib project, including permitting and engineering [2] - A Pre-Feasibility Study (PFS) for a 4,800 tpd open pit operation is underway, with completion expected in Q4 2025 [2][8] Financial Highlights - For the three months ended September 30, 2025, the company reported a loss of CAD 2,241,177 compared to CAD 1,434,837 in the same period of 2024 [7] - The loss per share for Q3 2025 was CAD 0.02, an increase from CAD 0.01 in Q3 2024 [7] - As of September 30, 2025, cash and cash equivalents totaled CAD 41,814,681, significantly up from CAD 9,534,129 a year earlier [7] Project Development - The Fenn-Gib project hosts an Indicated Resource of 181.3 million tonnes grading 0.74 g/t Au, equating to 4.3 million contained gold [8] - A confidence drilling program commenced in October 2025 to refine waste to ore boundaries and enhance grade profile confidence [2] - Formal provincial permitting activities for the project are expected to start in early 2026 [2] Corporate Governance - During the Annual General and Special Meeting on September 4, 2025, shareholders approved the re-election of board members and a new 10% rolling Omnibus Incentive Plan [6]
港股异动丨黄金股继续弱势 现货黄金跌破4020美元
Ge Long Hui· 2025-11-18 02:32
Core Viewpoint - The decline in gold prices has led to a significant drop in Hong Kong gold stocks, with major companies experiencing losses of over 5% [1] Group 1: Market Performance - Lingbao Gold fell by over 5%, while Tongguan Gold and China Silver Group dropped by 4.6% [1] - Zijin Gold International decreased by 4%, and China National Gold fell by 3.6% [1] - Other companies such as Zhaojin Mining, Shandong Gold, Chifeng Jilong Gold, and Zijin Mining also saw declines of over 2% [1][2] Group 2: Gold Price Trends - Spot gold prices have continued to decline, currently falling 0.64% to below $4020 per ounce [1] - Expectations for a rate cut in the U.S. next month are fading, contributing to the downward trend in gold prices [1] Group 3: Industry Insights - CICC's 2026 outlook suggests that the current gold bull market may not be over, with historical comparisons indicating that the current price increase and duration are still lower than the major upswings in the 1970s and 2000s [1] - In Shenzhen's Shui Bei market, the new gold tax policy has led to an increase in gold prices, causing frequent order cancellations among gold merchants [1] - A gold jewelry store owner in Shenzhen reported a significant drop in daily sales from 300-400 grams to less than 200 grams [1]
Equinox Gold: One Of The Few Strong Buys Left In Gold Mining
Seeking Alpha· 2025-11-18 01:47
Core Viewpoint - Equinox Gold (EQX) has seen a significant increase in stock price, rising over 100% and approximately 20% since the initiation of coverage with a Strong Buy rating in August and reiterated in October, indicating strong investor confidence in the company's prospects [1] Company Research - The analyst has over 10 years of experience researching various companies across multiple sectors, including commodities such as oil, natural gas, gold, and copper, as well as technology companies like Google and Nokia [1] - The analyst has researched over 1000 companies in depth, which provides a solid foundation for evaluating investment opportunities [1] - The focus has shifted to a value investing-oriented YouTube channel after three years of blogging, where hundreds of companies have been analyzed [1] - The analyst expresses a particular interest in metals and mining stocks, while also being comfortable with other industries such as consumer discretionary/staples, REITs, and utilities [1]
Radisson Announces Exercise of Warrants
Newsfile· 2025-11-17 22:26
Rouyn-Noranda, Quebec--(Newsfile Corp. - November 17, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQX: RMRDF) ("Radisson" or the "Company") is pleased to announce that it has received total gross proceeds of C$1,481,694.12 from the exercise of 5,487,756 class A shares purchase warrants (the "Warrants") at a price of $0.27 per warrant. The Warrants were issued in relation to a private placement completed in November 2023 and had an expiry of November 17, 2025.Furthermore, the Company has received ...