Core Insights - Gold X2 Mining Inc. has reported positive results from its ongoing grade control drilling program at the Moss Gold Project, highlighting the discovery of higher-grade gold corridors [1][2][5] Summary by Sections Company Overview - Gold X2 Mining Inc. is focused on the Moss Gold Project located in Northwest Ontario, Canada, and is actively conducting a grade control drill program to enhance its understanding of gold mineralization [1][2] Drilling Results - The latest assay results from nineteen shallow drill holes indicate strong continuity of wide, near-surface, high-grade shear corridors within the Moss Main Zone [5][12] - Significant drill intercepts include: - 78.4m of 1.44 g/t Au from 15.6m in MMD-25-246, including 18.2m of 3.41 g/t Au from 74.8m - 73.1m of 1.08 g/t Au from 37.9m in MMD-25-228, including 9.95m of 2.65 g/t Au from 76.1m - 41.05m of 1.39 g/t Au from 118.4m in MMD-25-234, including 10.0m of 3.74 g/t Au from 147.0m [5][12][17] Geological Insights - The drilling program has confirmed the presence of two main parallel shears consistently containing greater than 2.5 g/t gold mineralization, which is crucial for future mining operations [12][14] - The geological model is supported by consistent and predictable geology, which will aid in future exploration targeting and mineral resource estimations [14][13] Future Plans - The company plans to utilize the data from the grade control drilling to inform an upcoming infill drilling program aimed at upgrading Inferred Mineral Resources to Indicated Mineral Resources [11][10] - The results will also contribute to feasibility-level metallurgical studies and help define high-grade zones for optimal mining sequencing [11][13]

NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced OceanaGold (Philippines), Inc. (Philippine Stock Exchange: OGP; OTCQX: OGPIF), a producer of gold and copper in the Philippines, and a subsidiary of OceanaGold Corporation, has qualified to trade on the OTCQX® Best Market. OceanaGold (Philippines), Inc. upgraded to OTCQX from the Pink Limited™ Market. OceanaGold (Philippines), I ...

VANCOUVER, British Columbia , Nov. 13, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold” or the “Company”) is pleased to announce that Xali Gold and Kappes, Cassiday and Associates (“KCA”) have agreed to finalize a Definitive Agreement whereby Xali Gold will transfer all of their rights related to the Mexican Mine Tailings in El Oro, Mexico (the “El Oro Tailings Project”), to KCA. The terms of the Definitive Agreement will be consistent with the terms in the Binding Letter of Intent (“LOI”) a ...

Core Insights - Banyan Gold Corp continues to intersect high-grade mineralization at its AurMac Project, specifically in the Airstrip area, indicating strong potential for resource expansion [1] Group 1 - The company is actively extending high-grade domains at the AurMac Project, which may enhance its overall mineral resource profile [1]

Core Insights - Alkane Resources Limited reported significant financial results for Q1 2026, highlighting a successful merger with Mandalay Resources and strong production figures [4][7][25]. Financial Performance - The company generated consolidated revenue of AUD 147.2 million in Q1 2026, an increase of AUD 85 million from AUD 62.3 million in Q1 2025, driven by increased production and higher gold prices [6][8]. - Adjusted EBITDA for the quarter was AUD 36.9 million, up from AUD 22.2 million in the previous year [10]. - The company reported a consolidated net loss of AUD 2.7 million for Q1 2026, compared to a profit of AUD 11.3 million in Q1 2025 [10][8]. - Cash, bullion, and liquid investments totaled AUD 191 million at the end of the quarter, after repaying AUD 45 million in debt and incurring one-off costs of AUD 25 million related to the merger [11][7]. Production and Operations - Alkane produced a total of 30,511 gold equivalent ounces in Q1 2026, compared to 18,418 ounces in Q1 2025, reflecting the addition of production from Costerfield and Björkdal [14][12]. - The company’s three operating mines produced 29,965 ounces of gold and 124 tonnes of antimony during the quarter [4]. - Tomingley produced 18,335 ounces of gold, while Costerfield and Björkdal contributed 6,189 and 5,987 ounces of gold equivalent, respectively [12][23][21]. Cost Analysis - The consolidated cash operating cost per ounce of gold equivalent produced was AUD 2,215 in Q1 2026, up from AUD 1,819 in Q1 2025 [15][16]. - All-in sustaining costs per ounce of gold equivalent increased to AUD 2,988 in Q1 2026 from AUD 2,157 in Q1 2025 [16][15]. - Tomingley's cash operating costs were AUD 2,120 per ounce, reflecting a 17% increase due to higher processing costs [15][18]. Strategic Developments - The merger with Mandalay Resources was completed in early August 2025, enhancing Alkane's operational capacity and market position [4][7]. - The company was admitted to the ASX 300 during the quarter, indicating a strengthened market presence [7]. Operational Highlights - Costerfield maintained strong mining productivity and implemented improvement programs to enhance ore quality and recovery [19][20]. - Björkdal achieved solid ore production despite facing external interruptions, with ongoing efforts to optimize processing performance [22].

The company swung to a pretax profit on higher gold prices, and said it expects full-year production to be in the top half of its guided range. ...

Core Insights - Endeavour Mining plc reported strong operational and financial results for Q3-2025 and year-to-date (YTD) 2025, with production and free cash flow significantly exceeding previous periods [4][10][12] Operational Highlights - YTD-2025 gold production reached 911,000 ounces (koz), a 23% increase from 741koz in YTD-2024, with Q3-2025 production at 264koz [5][6][26] - The all-in sustaining cost (AISC) for YTD-2025 was $1,362 per ounce, with Q3-2025 AISC at $1,569 per ounce, impacted by higher royalty costs due to increased gold prices [6][33][34] - The company is on track to achieve the top half of its production guidance of 1,110 - 1,260koz for FY-2025 [36] Financial Performance - Adjusted EBITDA for YTD-2025 was $1,634 million, up 110% from YTD-2024, with Q3-2025 adjusted EBITDA at $466 million [6][7] - Free cash flow for YTD-2025 was $680 million, a staggering increase of 1,411% compared to YTD-2024, with Q3-2025 free cash flow at $166 million [6][7][10] - The company reduced gross debt by $425 million to $678 million, achieving a net debt to adjusted EBITDA ratio of 0.21x, significantly below the target of 0.50x [6][11] Shareholder Returns - A record dividend of $150 million (approximately $0.62 per share) was paid on October 23, 2025, with total shareholder returns for YTD-2025 reaching $233 million, exceeding the minimum commitment of $225 million [12][18] - The company has returned over $1.4 billion to shareholders since Q1-2021, reflecting a strong commitment to shareholder returns [12][18] Project Development and Exploration - The Assafou project is progressing on schedule, with the Definitive Feasibility Study (DFS) expected to be completed in Q1-2026 [13][14] - Exploration efforts have been robust, with $72 million spent YTD-2025, focusing on near-mine resource expansions and new opportunities in West Africa [6][14][45] Outlook - The company anticipates improved production and costs in Q4-2025, positioning it to meet FY-2025 AISC guidance [36][40] - A new exploration strategy is expected to be announced in Q4-2025, aimed at extending mine life and driving organic growth [14][15]

Core Insights - Ascot Resources Ltd. reported a net loss of $23,521 for Q3 2025, an increase from a net loss of $11,232 in Q3 2024, and a total net loss of $345,392 for the nine months ended September 30, 2025, compared to a net loss of $14,490 for the same period in 2024 [6][8] - The company is undergoing a restructuring process, which includes a non-brokered Rights Offering aimed at raising up to $14,871 and a 50:1 share consolidation, both subject to TSXV approval [4][14] - Ascot has entered into a bridge loan agreement with Nebari Group for up to US$18 million, with conditions for drawdowns and warrants tied to future equity financing [5] Financial Results - For the three months ended September 30, 2025, the company recorded a net loss of $23,521, attributed to care and maintenance expenses of $9,882 and an impairment charge of $324,404 for the nine-month period [6][8] - As of September 30, 2025, cash and cash equivalents were $5,386, down from $27,974 at the end of 2024, with a working capital deficiency of $294,178 [10] - The company has not made scheduled principal and interest payments under its credit facilities, resulting in defaults and indicating significant uncertainties regarding its ability to continue as a going concern [11][12] Restructuring and Financing - The restructuring plan includes a $14.9 million Rights Offering, a 50:1 share consolidation, and a $150 million equity offering, with assistance from Fiore Management and Advisory Corp. [14][15] - Ascot is negotiating with Nebari Group to restructure existing indebtedness and amend secured streams with Sprott Private Resource Streaming and Royalty Corp. [7] - The company has placed its Premier Gold Project on care and maintenance since June 2025, with no timeline for resuming development, pending future financing [9][13] Management Changes - Bill Bennett resigned as Interim Chair of the Board on October 6, 2025, and was replaced by Indi Gopinathan [7]

Agnico-Eagle Mines (AEM) shares have more than doubled this year, thanks to the stellar rise in gold prices (GCZ25). While gold prices took a breather and briefly fell below $4,000 per ounce, they have since returned above the psychological price level. Higher gold prices have meant a free cash flow bonanza for gold miners, which they are invariably using to either deleverage their balance sheets or increase shareholder payouts through higher share buybacks and dividends. Recently, Barrick Gold (B) announ ...

Core Points - Chesapeake Gold Corp has completed the sale of its Tatatila gold-copper project in Veracruz, Mexico to Mexican Gold Mining Corp, acquiring 4,451,361 common shares, representing 14.99% of Mexican Gold's outstanding shares [1][2] - In addition to the shares, Chesapeake received a 1.5% net smelter return royalty, which Mexican Gold can repurchase for U.S.$500,000 within ten years [2] - The acquired shares are subject to a lock-up period, with 25% being released every six months, fully releasing the shares after 2.5 years [3] Company Actions - Chesapeake acquired the shares for investment purposes and will monitor Mexican Gold's business and financial condition, with potential plans to acquire or sell additional securities in the future [4] - An early warning report regarding the transaction will be filed on SEDAR+ [5] Company Overview - Chesapeake Gold's flagship asset is the Metates Project in Durango State, Mexico, which contains over 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category [6]