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Kibali, Africa's Largest and Greenest Gold Mine, Continues to Deliver Growth
GlobeNewswire News Room· 2025-07-02 15:30
Core Viewpoint - Barrick Mining Corporation's ongoing drilling results from the ARK-KCD corridor at Kibali mine indicate significant potential for additional ore bodies and an extended mine life, reinforcing confidence in the mine's scale and continuity [1][2]. Company Developments - The ARK-KCD system is revealing a coherent geological structure with expanding mineralization, which could enhance Kibali's reserve base within its current footprint [2]. - Since Kibali began production in 2013, the company has successfully replaced every ounce of gold mined, indicating a strong track record in reserve growth [3]. - Kibali has contributed over $6.3 billion to the Congolese economy, including $3.1 billion in payments to local contractors and partners, making it the largest economic contributor in northeastern DRC [4]. - The mine is committed to local content development, with contracts for satellite pits awarded to local businesses and support provided to over 700 Congolese companies [5]. - Barrick emphasizes that Kibali is a partnership that supports the regional economy, being Congolese-led and built for sustainability [6]. Operational Improvements - Ongoing operational enhancements in the underground mine are expected to yield significant productivity gains starting in the third quarter, focusing on long-term cost efficiency [7]. - The commissioning of a 16MW solar plant with an integrated Battery Energy Storage System has been completed, increasing renewable energy usage to 85% and allowing the site to operate on 100% renewable energy for six months each year [7][8]. Sustainability Initiatives - Biodiversity conservation is a key aspect of Barrick's sustainability strategy, with plans to introduce 64 white rhinos into Garamba National Park as part of a long-term partnership for biodiversity restoration [9]. - The Barrick Academy has facilitated training for 170 Kibali employees, contributing to the professional development of Congolese mining professionals [10]. - Community development projects funded through a 0.3% community development fund have seen 41 out of 44 projects completed, enhancing infrastructure, education, and healthcare support [11]. Future Outlook - Barrick views Kibali as a model for sustainable growth in the DRC, with plans to expand its portfolio to include not only gold but also copper projects [12].
Kibali, Africa’s Largest and Greenest Gold Mine, Continues to Deliver Growth
Globenewswire· 2025-07-02 15:30
Core Viewpoint - Barrick Mining Corporation's ongoing drilling results from the ARK-KCD corridor at Kibali mine indicate significant potential for additional ore bodies and an extended mine life, reinforcing confidence in the mine's scale and continuity [1][2][3]. Company Performance - Kibali has consistently replaced every ounce of gold mined since its inception in 2013, demonstrating a strong track record in production and reserve growth [3]. - The mine has contributed over $6.3 billion to the Congolese economy, including $3.1 billion in payments to local contractors and partners, making it the largest economic contributor in northeastern DRC [4]. Local Engagement and Sustainability - Kibali's operations involve local businesses, with contracts for mining satellite pits awarded to them, supporting over 700 Congolese companies through procurement and capacity-building initiatives [5]. - The company emphasizes a partnership model that is Congolese-led and aims to deliver shared value, reinforcing its commitment to local development [6]. Operational Improvements - Ongoing operational enhancements in the underground mine are expected to yield significant productivity gains starting in the third quarter, focusing on long-term cost efficiency [7]. - The commissioning of a 16MW solar plant has increased renewable energy usage to 85%, with the site operating on 100% renewable energy for six months of the year [7][8]. Biodiversity and Community Development - Barrick is actively involved in biodiversity conservation, with plans to introduce 64 white rhinos into Garamba National Park, following a successful reintroduction of 16 rhinos in 2023 [9]. - The company has completed 41 out of 44 community development projects funded through a 0.3% community development fund, focusing on essential infrastructure, education, and healthcare [11]. Future Outlook - The company views Kibali as a blueprint for sustainable growth in the DRC, with plans to expand its portfolio to include copper projects alongside gold [12].
Here's Why Barrick Mining (B) is a Strong Growth Stock
ZACKS· 2025-07-02 14:50
Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - The service includes Zacks Style Scores, which are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Group 2: Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, with ratings ranging from A to F, where A indicates the highest potential for outperformance [3] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Cash Flow [4] - The Growth Score emphasizes a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [5] - The Momentum Score assesses trends in stock prices and earnings estimates to identify favorable investment opportunities [6] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking attractive value, growth, and momentum [6] Group 3: Zacks Rank and Stock Selection - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to assist investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential success [9] - The direction of earnings estimate revisions is crucial in stock selection, as stocks with lower ranks may still have favorable Style Scores but are likely to decline in value [10] Group 4: Company Spotlight - Barrick Mining - Barrick Mining Corporation, based in Toronto, is one of the largest gold mining companies globally, with a diverse portfolio of gold and copper assets across 18 countries [11] - The company holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating solid performance potential [11] - Barrick Mining is projected to experience year-over-year earnings growth of 48.4% for the current fiscal year, supported by upward revisions from analysts [12] - The Zacks Consensus Estimate for Barrick Mining's earnings has increased by $0.21 to $1.87 per share, with an average earnings surprise of 12.5% [12]
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-In
Newsfile· 2025-07-02 11:30
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-InJuly 02, 2025 7:30 AM EDT | Source: Auranova Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") and Auranova Resources Inc. ("Auranova") are pleased to announce complete assay results from the 2025 Winter drill program at the South Uchi Project ...
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-in
Newsfile· 2025-07-02 11:30
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-inJuly 02, 2025 7:30 AM EDT | Source: Kenorland Minerals Ltd.Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") and Auranova Resources Inc. ("Auranova") are pleased to announce complete assay results from the 2025 Winter drill program at the South Uchi Project ...
Wallbridge Exploration Drilling Continues to Intercept High-Grade Gold Mineralization at Martiniere
Globenewswire· 2025-07-02 11:00
Core Viewpoint - Wallbridge Mining Company Limited announced positive results from the first phase of drilling at its Martiniere gold project, highlighting high-grade gold intercepts and the potential for further resource expansion [1][4][15]. Drilling Results - The first phase of the 2025 drilling program included 16 diamond drill holes totaling 7,225 meters, with results indicating significant gold mineralization across multiple zones [4][15]. - Notable intercepts include: - MR-25-123: 16.30 g/t Au over 1.5 m and 10.60 g/t Au over 2.1 m [3][12]. - MR-25-125: 23.38 g/t Au over 2.0 m, including 45.70 g/t Au over 1.0 m [3][12]. - MR-25-124: 6.83 g/t Au over 1.9 m, including 16.60 g/t Au over 0.7 m [3][12]. - True widths of the reported intervals are estimated to be 60-90% of the core length [2][20]. Exploration Potential - The exploration team is planning the next phase of drilling based on encouraging results and insights from the 2024 exploration program, with Phase II scheduled to begin later in July 2025 [1][4]. - The Martiniere gold system is believed to extend beyond the currently defined mineral resource, with ongoing exploration aimed at expanding this resource [1][5]. Project Location and Context - The Martiniere project is part of the larger 830 square kilometer Detour-Fenelon Trend property package in Northern Abitibi, Quebec, located near significant gold mining operations [15][18]. - The project has identified gold mineralization over an area of approximately 1,500 by 700 meters, with potential extending to depths of 800 to 900 meters [10][15]. Quality Assurance - Wallbridge maintains a robust Quality Assurance/Quality Control program for its exploration projects, ensuring the integrity of sampling and analysis processes [16].
Inventus Signs Milling Agreement With McEwen Mining
Globenewswire· 2025-07-02 11:00
Core Viewpoint - Inventus Mining Corp. has signed a milling agreement with McEwen Mining for processing bulk sample material from its Pardo Gold Project, marking a significant milestone for the company [1][5]. Milling Agreement - The milling agreement allows Inventus to process up to 5,000 tonnes per month, totaling up to 45,000 tonnes at McEwen's Stock Mill [2]. - A previous bulk sample of 1,000 tonnes processed in 2017 yielded an average grade of 4.2 grams per tonne (gpt) gold with an 89% recovery rate, with potential recoveries up to 95% under optimized conditions [2]. Bulk Sample Update - Extraction of a 5,000-tonne bulk sample from the 007 North site is progressing well, with waste removal completed and gold mineralization being prepared for crushing and trucking to the Stock Mill [3]. - Processing of the 007 North material is expected to begin in late July, with ongoing bulk samples planned into the first half of 2026 [3]. Drilling Update - Grade-control drilling resumed on June 25 to define the remaining 30,000 tonnes of the planned 45,000-tonne bulk sample program, following the successful initial phase that defined the first 15,000 tonnes [4]. - The drilling will also support Phase 2 resource drilling to identify additional gold mineralization in preparation for a maiden resource estimate [4]. Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district, with a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [8]. - The Pardo project is noted as the first significant paleoplacer gold discovery in North America [8].
金价小幅回落,黄金股ETF(159562)逆势走强,年内涨幅近42%
2 1 Shi Ji Jing Ji Bao Dao· 2025-07-02 03:18
Group 1 - COMEX gold prices experienced a rise and subsequent decline, while SGE gold showed a slight correction, indicating market volatility [1] - The performance of gold-related ETFs varied, with Huaxia ETF (518850) rising nearly 25% year-to-date and reaching a record high of 4.92 billion yuan in product scale as of July 1 [1] - The gold stock ETF (159562) increased by 1.1%, with a year-to-date gain of approximately 42%, significantly outperforming the gold price increase [1] Group 2 - London spot gold prices saw a cumulative increase of 25.7% in the first half of 2025, marking the largest half-year gain since the second half of 2007 [1] - Experts suggest that factors such as geopolitical conflicts, a weakening dollar, and central bank gold purchases continue to support gold prices, with expectations of a continued upward trend in the second half of the year [1] - Recent U.S. economic data showed better-than-expected results, contributing to a rebound in precious metals after a period of decline, while the dollar index remains on a downward trend [2]
GoldMining Options Up to 80% of the Boa Vista Project to Australian Mines Limited for Total Consideration of Up to $7 million
Prnewswire· 2025-07-02 00:08
Core Viewpoint - GoldMining Inc. has entered into a binding Earn-In Agreement with Australian Mines Limited, allowing AUZ to acquire up to an 80% interest in the Boa Vista Project in Brazil for up to $7 million in cash and equity payments, while GoldMining retains a 20% interest if the option is fully exercised [1][2][5]. Group 1: Earn-In Agreement Details - AUZ can earn a 51% interest in the Boa Vista Project within three years by meeting specific conditions [3]. - A further 19% interest can be earned, bringing AUZ's total to 70%, within three years after completing the first option [3]. - AUZ has an additional option to earn a further 10% interest (totaling 80%) within 90 days after the second option is completed [3][4]. Group 2: Financial Considerations - The initial consideration includes a non-refundable cash payment of $55,000 and the issuance of AUZ Shares valued at AUD$1 million (approximately $884,000) [4]. - AUZ must incur minimum exploration expenditures of AUD$4.5 million (approximately $3,978,000), including completing at least 6,000 meters of diamond core drilling and making three annual cash payments of $250,000 [4]. - A JORC-compliant mineral resource estimate of at least 500,000 gold ounces must be announced, with at least 250,000 ounces in the measured and indicated categories [4]. Group 3: Project Overview - The Boa Vista Project is located in the Tapajós Gold District, covering approximately 9,201 hectares (92 km²) [6]. - GoldMining currently holds an 84.05% interest in the project, with Majestic D&M Holdings, LLC owning the remaining 15.95% [6]. - The project area is characterized by granites, granodiorites, and mafic volcanics, with mineralization considered to be mesothermal in nature [7][8]. Group 4: Company Background - GoldMining Inc. is focused on acquiring and developing gold assets in the Americas, controlling a diversified portfolio of resource-stage gold and gold-copper projects across several countries [10]. - The company also holds shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp., enhancing its investment portfolio [10].
New Gold: Generating Consistent Cash Flow At A Key Moment For Gold
Seeking Alpha· 2025-07-01 17:02
Company Overview - New Gold Inc. demonstrates strong operational leverage with rising margins and an attractive valuation [1] - For 2025, the company is projected to achieve an EPS growth of 123%, an EBITDA increase of 61.7%, and a revenue increase of 33.9% [1] - The company's EBITDA margin is expected to be 46.7%, with a return on equity (ROE) of 14.6%, which is higher than the sector average [1]