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Wesdome Provides Kiena Exploration Update; Reports High-Grade Mineralization Including 2,349.9 g/t Gold (Uncut) Over 2.9 Metres (Core Length)
Globenewswire· 2025-06-25 21:17
Core Viewpoint - Wesdome Gold Mines Ltd. is making significant progress in its exploration activities at the Kiena mine, with a focus on resource growth to meet increasing production levels [1][2]. Exploration Progress - The company has completed 21,000 meters of exploration drilling at Kiena in 2025, aided by new underground drill platforms established last year, which have improved drilling angles and access to previously unreachable targets [2][3]. - Drilling results from the Kiena Deep and Kiena Deep Footwall Zone have shown high-grade mineralization, confirming the geological models and supporting the conversion of inferred resources [3][9]. Resource Expansion Strategy - The fill-the-mill strategy is being advanced, with early results from the B Zone and Wish Area indicating potential for future ore sources adjacent to existing infrastructure [4][12]. - Additional drilling is planned for the second half of 2025 to upgrade inferred resources in the Kiena Deep and Footwall zones, with a new exploration drift being developed to enhance drilling capabilities [10][12]. High-Grade Intercepts - Notable high-grade intercepts include: - Hole N127-7035: 2,349.9 g/t Au uncapped over 2.9 m core length [7]. - Hole N127-6948: 482.8 g/t Au over 4.3 m core length, including 1,460.0 g/t Au over 1.0 m core length [7]. - Hole N033-6998: 25.4 g/t Au uncapped over 3.5 m core length [16]. Future Drilling Plans - The company plans to ramp up its summer barge drilling program targeting high-priority areas identified in previous exploration efforts, including the Duchesne and Northwest zones [5][10]. - Follow-up drilling is also planned for the Wish Zone, where new high-grade intervals have been identified [13][15]. Technical Developments - The establishment of new drilling platforms has significantly improved drilling angles towards Kiena Deep and the Footwall zones, enhancing the definition of mineralized lenses and increasing confidence in the geological model [9][12]. - The B Zone has been re-evaluated, revealing multiple stacked lenses of mineralization, which could contribute to the company's fill-the-mill strategy [11][12].
Kinross to announce Q2 results on July 30, 2025
Globenewswire· 2025-06-25 21:00
Group 1 - Kinross Gold Corporation will release its financial statements and operating results for Q2 2025 on July 30, 2025, after market close [1] - A conference call and audio webcast to discuss the results will be held on July 31, 2025, at 8:00 a.m. EDT [1] - The company operates globally with projects in the United States, Brazil, Mauritania, Chile, and Canada [2] Group 2 - Kinross focuses on responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet [2] - The company is listed on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC) [2] - Media and investor relations contacts are provided for further inquiries [3]
Dakota Gold Corp. Publishes 2024 Sustainability Report
Newsfile· 2025-06-25 20:47
Core Insights - Dakota Gold Corp. has published its 2024 Sustainability Report, aimed at enhancing understanding of its ESG strategy, practices, and risk management [1][2] - The report emphasizes transparency in communicating performance results to stakeholders, including shareholders and local communities [1] Group 1: Company Developments - The company has transitioned from exploration to development at the Richmond Hill Gold Project, marking a significant phase in its growth [3] - Dakota Gold has achieved four years without a lost time incident and zero reportable environmental incidents since drilling began in early 2022, highlighting its commitment to health and safety [3] Group 2: Project Focus - Dakota Gold is advancing the Richmond Hill Oxide Heap Leach Gold Project towards commercial production and is outlining a high-grade underground gold resource at the Maitland Gold Project [5]
Cassiar Gold Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Newsfile· 2025-06-25 20:38
Core Viewpoint - Cassiar Gold Corp. has announced a brokered private placement offering for gross proceeds of up to C$5 million, which includes flow-through units and regular units to fund exploration activities on its flagship Cassiar Gold Project in British Columbia [1][4]. Offering Details - The offering consists of up to 11,111,111 flow-through units priced at C$0.36 each, aiming for gross proceeds of up to C$4 million, and up to 4,000,000 regular units for gross proceeds of up to C$1 million [1][2]. - Each flow-through unit includes one common share and one warrant, while each regular unit consists of one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.50 within 24 months [2]. Use of Proceeds - Gross proceeds from the sale of flow-through units will be used for eligible Canadian exploration expenses related to the Cassiar Gold Project, with expenses to be incurred by December 31, 2026 [4]. - Net proceeds from the sale of regular units will be allocated for general and administrative expenses [4]. Regulatory Compliance - The offering will comply with applicable regulatory requirements and will be available to purchasers in specific Canadian provinces under the listed issuer financing exemption [5]. Closing Date - The offering is scheduled to close on July 10, 2025, subject to necessary regulatory approvals [9]. Company Overview - Cassiar Gold Corp. holds a 100% interest in the Cassiar Gold Property, which spans 590 km² and includes the Cassiar North and Cassiar South project areas, with significant historical gold production and exploration potential [11][12].
NovaGold Resources Inc. (NG) Q2 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-06-25 20:05
Core Viewpoint - NovaGold Resources Inc. is reintroducing itself into the gold development space, highlighting its strategic focus on the Donlin Gold project and its financial results for Q2 2025 [5]. Group 1: Company Overview - The conference call features key company executives including the Chairman, President and CEO, and CFO, indicating a comprehensive update on company performance and future plans [3]. - The call is part of NovaGold's efforts to communicate its financial results and project updates to stakeholders [2]. Group 2: Financial Results - The Q2 2025 financial results are a focal point of the conference, suggesting that the company is in a critical phase of its financial performance assessment [2]. - The presentation includes forward-looking statements, indicating the company's commitment to transparency regarding its projections and goals [4]. Group 3: Project Focus - The Donlin Gold project is emphasized as a key area of focus for NovaGold, reflecting the company's strategic direction in the gold sector [3].
Besra Gold Announces Significant Strides in Jugan Project BFS H1 2025 Jugan Project Update
Newsfile· 2025-06-25 16:55
Core Insights - Besra Gold Inc has made significant progress in derisking the Jugan Project, aiming to complete the Bankable Feasibility Study (BFS) by H1 2025 [1] Metallurgical Test Work - Three metallurgical drillholes totaling 715 meters have been completed, with core samples sent for advanced testing to ALS Laboratories and Minefill Services [2][4] - An alternative processing route using pyrolysis technology is being evaluated, which could provide environmental benefits by converting arsenic-bearing tailings into a stable form [3] Geotechnical Drilling and Analysis - Geotechnical drilling has advanced with nine out of eleven planned diamond drillholes completed, totaling approximately 2,700 meters [5][6] - Minegeotech Services has been engaged to provide analytical geotechnical work, focusing on slope stability and underground access development [7] Hydrogeological Assessment - Planning for hydrogeological investigations has begun to estimate water inflows for proposed mining operations, including surface-based geophysical surveys [8][9] Pilot Plant Approvals and Site Readiness - The company has secured nearly all necessary approvals for the construction of the Jugan Pilot Plant, with only the renewal of Mining Lease ML 05/2012/1D pending [10][11] - Civil earthworks geotechnical drillholes have been completed to prepare the site, ensuring slope stability for future construction [11][13]
North Bay Resources Announces Continuous Operations at Bishop Gold Mill, California; Exploration and Development at Fran Gold Project
Globenewswire· 2025-06-25 13:30
BISHOP, Calif., June 25, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce continuous operation at the Company’s Bishop California Gold Mill has been achieved. Upon significant upgrades in April and May the Company has successfully operated the Mill continuously up to 9 hours per day and completed processing of all remaining stockpiles of gold ore. This has resulted in a shipment to the Company’s refinery partner of 543 lbs. of gold concentr ...
Ascot Announces Strategic Review Process
Globenewswire· 2025-06-25 13:00
Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) provides a further update related to the restart of operations at the Premier Gold Project ("PGP" or the "Project"), located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. As discussed in the Company’s May 12th news release, Ascot has been ...
Globex Receives Cash Payments
Globenewswire· 2025-06-25 13:00
Core Insights - Globex Mining Enterprises Inc. has received a final payment of $3 million from Agnico Eagle Mines Limited for the purchase of the Francoeur/Arntfield/Lac Fortune Gold Mines Property in Quebec, retaining a 2% Gross Metal Royalty on all production from the property [1] - The company also received a $50,000 annual advance royalty payment from Renforth Resources Inc. related to the Parbec Gold Property, which has a Measured and Indicated Resource of 9.61 million tonnes grading 0.86 g/t Au and an Inferred Resource of 2.55 million tonnes grading 1.18 g/t Au, with Globex retaining a 3% Gross Metal Royalty [2] - Manganese X Energy Corp. delivered an annual $20,000 advance royalty payment for the Battery Hill Manganese deposit, which has a Measured and Indicated Resource of 34.86 million tonnes grading 6.42% Mn, and Globex retains a 1% Gross Metal Royalty on this property [3]
ARMN vs. BTG: Which Gold Mining Stock is the Better Pick Now?
ZACKS· 2025-06-25 12:51
Core Insights - Aris Mining Corporation (ARMN) and B2Gold Corp. (BTG) are both international gold mining companies with operations in the Americas, focusing on emerging markets [1] - Gold prices have increased approximately 26% this year, reaching a peak of $3,500 per ounce in April 2025, driven by geopolitical tensions and central bank purchases [2] - Both companies are positioned to benefit from the favorable gold price environment, but they face challenges from rising costs [24] Aris Mining Highlights - Aris Mining has shown an 8% year-over-year increase in gold production for Q1, aiming for a full-year production guidance of 230,000 to 275,000 ounces [4][8] - The Segovia Operations in Colombia are crucial for production growth, with expansion projects expected to increase production rates significantly in the second half of 2025 [5] - The company has a strong balance sheet with a cash balance of $240 million and generated $40 million in cash flow in Q1, supporting its growth initiatives [7] - However, Aris Mining's all-in-sustaining costs (AISC) increased to $1,570 per ounce, indicating a decline in cost efficiency [8][9] B2Gold Highlights - B2Gold is on track to produce between 970,000 and 1,075,000 ounces of gold in 2025, benefiting from new projects like the Goose Project and the Gramalote Project [12][13] - The company has a solid financial position with cash and cash equivalents of $330 million and a low long-term debt-to-capitalization ratio of 11.4% [14] - B2Gold offers a dividend yield of 2.2% and has a payout ratio of 44%, indicating a commitment to returning value to shareholders [14] - The company's AISC rose to $1,533 per ounce, reflecting cost inflation pressures across its operations [15] Stock Performance and Valuation - Year-to-date, Aris Mining's stock has increased by 89.1%, while B2Gold's stock has risen by 45.9%, compared to the Zacks Mining – Gold industry's increase of 56.6% [16] - Aris Mining is trading at a forward 12-month earnings multiple of 4.44, which is a 67.2% discount to the industry average of 13.52X [19] - B2Gold is trading at a forward earnings multiple of 7.15, which is below the industry average but at a premium to Aris Mining [20] Earnings Growth Estimates - The Zacks Consensus Estimate for Aris Mining's 2025 sales and EPS indicates a year-over-year growth of 55.7% and 226.5%, respectively [21] - B2Gold's 2025 sales and EPS estimates imply year-over-year growth of 56.2% and 231.3%, respectively [22]