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Lahontan Receives BLM Approval Of Santa Fe Exploration Plan Of Operations
Accessnewswire· 2025-11-13 14:35
TORONTO, ON / ACCESS Newswire / November 13, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Federal Bureau of Land Management ("BLM") has published its Decision Record ("DR"), Finding of No Significant Impact ("FONSI"), and approval of the Company's Exploration Plan of Operations ("EPOO") for the Santa Fe Mine project, on the BLM's website: https://eplanning.blm.gov/eplanning-ui/home. This decision concludes the National Environmental ...
Onyx Gold Commences 50,000 m Phase Three Drill Program and adds Third Rig at the Munro-Croesus Gold Project, Ontario
Newsfile· 2025-11-13 14:34
Onyx Gold Commences 50,000 m Phase Three Drill Program and adds Third Rig at the Munro-Croesus Gold Project, OntarioNovember 13, 2025 9:35 AM EST | Source: Onyx Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx" or the "Company") is pleased to announce a fully-funded 50,000-meter ("m") phase three expansion to the diamond drill program (the "Program") at its 100%-owned Munro-Croesus Project ("Munro-Croesus" or the " ...
G Mining Ventures sees higher Q3 gold production, record revenue and free cash flow
Proactiveinvestors NA· 2025-11-13 13:36
About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...
Klondike Gold's Montana Creek Placer Property Exceeds Expectations in First Season Yields $542,282 in Royalty Payments
Accessnewswire· 2025-11-13 13:30
Core Points - Klondike Gold Corp. reported significant progress in its operations and received an additional production royalty payment of $42,282 from the Montana Creek Placer Property leased by Armstrong Mining [1] - The total production royalty revenue for Klondike Gold in 2025 has reached $542,282, with $8.9 million in royalties or payments remaining to be paid by March 2031 to complete the option to purchase [1]
New Found Gold and Maritime Resources Announce Closing of Previously Announced Arrangement: Creation of an Emerging Canadian Gold Producer
Newsfile· 2025-11-13 13:30
Core Viewpoint - New Found Gold Corp. has successfully completed the acquisition of Maritime Resources Corp., transforming into an emerging Canadian gold producer with significant exploration potential and two high-quality assets [2][4][6]. Transaction Details - New Found Gold acquired all outstanding shares of Maritime Resources through a statutory plan of arrangement, with each holder of Maritime Shares receiving 0.75 of a New Found Gold common share in exchange for each Maritime Share [5][7]. - Following the transaction, New Found Gold shareholders hold approximately 69% of the combined company, while former Maritime Resources shareholders hold about 31% on a fully-diluted basis [5]. Management Changes - Allen Palmiere has joined the board of directors of New Found Gold, while Melissa Render has resigned from the board [3][5]. - All directors and officers of Maritime Resources have also resigned from their positions [3]. Company Strategy and Assets - New Found Gold is focused on bringing the Hammerdown Gold Project into steady-state production, alongside the Queensway Gold Project, both located in a Tier 1 jurisdiction [4][16]. - The Maritime Division includes over 43,900 hectares of exploration land and mineral processing assets in the Baie Verte mining district [16]. Financial Aspects - New Found Gold has entered into a debt settlement agreement to settle approximately $3.28 million in outstanding debt by issuing 1,085,003 New Found Gold Shares at a deemed price of $3.02 per share [13][14]. - The closing of the Shares for Debt Transaction is subject to customary closing conditions, including approvals from TSXV and NYSE American [15].
Equinox Gold: Hitting The Sweet Spot In Mid-Tier Mining
Seeking Alpha· 2025-11-13 13:03
Core Insights - Equinox Gold has emerged as a notable mid-tier player in the gold mining sector, growing from a single-asset miner in less than a decade [1] Company Overview - Equinox Gold operates in the gold mining industry and has expanded its operations significantly within a short time frame [1] Investment Outlook - The article suggests a potential interest in initiating a long position in Equinox Gold, indicating a positive outlook for the company's future performance [2]
Rising Gold Price Boosted Barrick Mining Corporation (B) in Q3
Yahoo Finance· 2025-11-13 12:48
Group 1: Ariel Focus Fund Performance - The Ariel Focus Fund increased by 20.76% in the third quarter, outperforming the Russell 1000 Value Index's gain of 5.33% and the S&P 500 Index's return of 8.12% [1] - The significant increase in US equities was driven by the Federal Reserve's first rate cut, strong corporate earnings growth, and broadening market participation [1] Group 2: Barrick Mining Corporation Overview - Barrick Mining Corporation's stock gained 7.64% in one month and 122.33% over the last 52 weeks, closing at $37.33 per share with a market capitalization of $62.992 billion on November 12, 2025 [2] - The company reported strong financial results supported by rising gold prices and announced the divestiture of its Hemlo Gold Mine for $1.09 billion to streamline its asset portfolio [3] Group 3: Leadership and Strategic Moves - Barrick Mining Corporation's President and CEO Mark Bristow will step down after nearly seven years, with a formal search for his successor initiated [3] - The company's solid liquidity position supports its commitment to shareholder returns through ongoing dividends and share repurchase activities [3] Group 4: Hedge Fund Interest - Barrick Mining Corporation was held by 53 hedge fund portfolios at the end of the second quarter, an increase from 46 in the previous quarter [4] - Despite its potential, the company is not listed among the 30 Most Popular Stocks Among Hedge Funds, with certain AI stocks considered to offer greater upside potential [4]
CEO.CA's Inside the Boardroom: White Gold Hits More Exceptional High Grades at Yukon's Highest Grade Gold Deposit
Newsfile· 2025-11-13 12:30
Core Insights - White Gold Corp. has reported exceptional high grades at its gold deposit in Yukon, indicating strong potential for future exploration and development [1][3]. Company Overview - White Gold Corp. is listed on TSXV under the ticker WGO and on OTCQX as WHGOF, with a focus on gold mining in the Yukon region [4]. - The company is part of a broader community of investors and traders in junior resource and venture stocks, facilitated by CEO.CA, which has been operational since 2012 [5]. Industry Context - The mining industry, particularly in the Yukon, is experiencing increased interest due to high-grade gold discoveries, which could attract more investment and exploration activities [1][3]. - CEO.CA serves as a platform for investors to connect and share insights about emerging companies and commodities, enhancing engagement in the junior mining sector [2][5].
Dynacor Reports Record Sales and EBITDA in Q3-2025
Globenewswire· 2025-11-13 12:30
Core Viewpoint - Dynacor Group Inc. reported solid operational results for Q3-2025, achieving record quarterly EBITDA and strong sales driven by higher gold prices despite initial ore supply disruptions [2][5]. Q3-2025 Highlights - The company processed 39,479 tonnes of ore at an average of 429 tonnes per day, with production of 28,948 AuEq ounces, consistent with historical levels [5][7]. - Record sales reached $100.5 million, a 32% increase from $76.2 million in Q3-2024, attributed to higher gold prices [5][15]. - Gross margin was $11.7 million (11.7% of sales), compared to $10.3 million (13.6% of sales) in Q3-2024 [5][15]. - Record EBITDA of $9.0 million was reported, slightly up from $8.9 million in Q3-2024 [5][15]. - Net income was $5.5 million, down from $5.9 million in Q3-2024 [5][15]. 2025 Outlook - The company confirmed its revised guidance for 2025, expecting sales between $340-$350 million and net income between $14-$17 million [5][6]. - Production is projected to be between 105,000-110,000 AuEq ounces for the year [5][6]. Operational Developments - The acquisition of the Svetlana processing plant in Ecuador for $9.75 million was completed, with plans to upgrade its capacity to 300 tonnes per day [5][20]. - Construction of a 50-tpd pilot plant in Senegal is on schedule, with first ore processing expected in late Q1-2026 [5][20]. - The company continues to focus on shareholder returns, maintaining a monthly dividend of CA$0.16 per share [5][6]. Financial Overview - Total assets increased to $166.6 million as of September 30, 2025, up from $125.3 million at the end of 2024 [18][21]. - Cash at the end of the period was $36.9 million, compared to $19.8 million at the end of 2024 [20][21]. - The company recorded a net cash used in operating activities of $6.3 million for Q3-2025 [14][16]. Market Conditions - The average gold price rose from approximately $3,300/oz in August to $3,700/oz in September, positively impacting financial performance [15][10]. - Year-to-date, the gold price increased from approximately $2,700/oz in January to $3,700/oz in September, contributing to record sales [15][10]. Community Engagement - The company conducted a community participation session in September to inform the Svetlana host community about its environmental management plan [5][20]. Summary of Financial Performance - General and administrative expenses increased to $3.5 million in Q3-2025, primarily due to management expansion and reorganization costs [15][10]. - The effective tax rate is influenced by fluctuations in the Peruvian sol against the US dollar, affecting current and deferred tax liabilities [15][10].
Canadian Gold Corp. Announces Sending of Meeting Materials for Proposed Plan of Arrangement
Newsfile· 2025-11-13 12:00
Canadian Gold Corp. Announces Sending of Meeting Materials for Proposed Plan of ArrangementNovember 13, 2025 7:00 AM EST | Source: Canadian Gold Corp.Flin Flon, Manitoba--(Newsfile Corp. - November 13, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold") is pleased to announce that it publicly filed on November 6, 2025, and will commence sending its management information circular (the "Circular") and related materials for its special meeting (the "Meeting") to be held on December 5, 2025 ...