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]

Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - Mexican Gold Mining Corp. (TSXV: MEX) (OTCQB: MEXGF) (the "Company" or "Mexican Gold") is pleased to announce that, pursuant to a mining concessions assignment agreement (the "Assignment Agreement") between the Company and its subsidiary, Roca Verde Exploración de México, S.A. de C.V. ("Roca Verde"), with Chesapeake Gold Corp. ("Chesapeake") and its subsidiaries Minerales El Prado, S.A. de C.V. ("MEP") and Chesapeake México, S.A. de C.V. ( ...

Core Viewpoint - Seabridge Gold reported a net loss for Q3 2025, while increasing investments in mineral interests and improving net working capital compared to the previous year [3][4]. Financial Results - Seabridge Gold posted a net loss of $32.3 million ($0.32 per share) for the three-month period ended September 30, 2025, compared to a net loss of $27.6 million ($0.31 per share) for the same period last year [3]. - The company invested $52.9 million in mineral interests during Q3 2025, up from $28.1 million in Q3 2024 [3]. - As of September 30, 2025, Seabridge's net working capital was $83.2 million, an increase from $37.8 million at December 31, 2024 [3]. Company Assets - Seabridge Gold holds a 100% interest in several North American gold projects, including the KSM and Iskut projects in Northwest British Columbia, the Courageous Lake project in the Northwest Territories, the Snowstorm project in Northern Nevada, and the 3 Aces project in the Yukon Territory [4]. Operational Updates - KSM field activities and partnership discussions are ongoing, with a 24,000 meter drill program at Iskut in 2025 confirming a new large porphyry deposit at Snip North [7]. - Court hearings have been completed on petitions challenging KSM's substantially started designation, with three additional challenges filed by Tudor Gold against KSM's Mitchell-Treaty-Tunnel authorizations [7]. - The 2025 exploration program at the 3 Aces project has been completed [7].

Core Insights - Montage Gold Corp. is progressing well on its flagship Koné project in Côte d'Ivoire, remaining on budget and on schedule for the first gold pour in Q2-2027, with significant construction and exploration activities reported [1][5][36] Construction Activities - A total of 5.7 million cumulative construction hours have been worked, with 2,051,952 hours in Q3-2025 alone, achieving an industry-leading Lost Time Injury Frequency Rate (LTIFR) of 0.20 [5][10] - As of September 30, 2025, the total capital committed for the Koné project construction reached $428.0 million, with $262.3 million disbursed, and this amount has increased to approximately $494.8 million as of now, representing 58% of the total estimated capital expenditure of $860 million [5][41] - Key construction milestones include the completion of all tanks on the first carbon in leach (CIL) train, concrete pours for the ball mill, pre-leach, and tailings thickeners, and the commissioning of site water infrastructure [5][10][18] Exploration Activities - The company has drilled a total of 85,784 meters in 2025, exceeding the total of 81,815 meters completed in 2024, with a focus on delineating higher-grade resources [6][10] - Recent updates to the Mineral Resource Estimate (MRE) for the ANV, Gbongogo South, and Koban North deposits indicate continued growth, with further resource updates expected for other targets by year-end [6][9][44] - The exploration program aims to discover over 1 million ounces of Measured and Indicated Resources at a grade 50% higher than the Koné deposit before production begins [42][44] Financial Position - As of September 30, 2025, the company reported total liquidity and funding sources of $712.8 million, which includes $159.0 million in cash and $487.5 million in undrawn funding sources [40][41] - Cash flows from financing activities increased to $156.8 million in Q3-2025, while cash flows used in investing activities rose to $92.1 million, reflecting ongoing construction activities [38][39] - The company signed a binding commitment letter for a $50.0 million Working Capital Facility, which is expected to enhance its financial flexibility [42]

Core Insights - G Mining Ventures Corp. (GMIN) reported strong financial and operational results for Q3 2025, highlighting record production and free cash flow, positioning the company among the lowest-cost producers in the Americas [1][3][6] Financial Highlights - Gold production reached 46,360 ounces in Q3 2025, a 9% increase from Q2 2025, with year-to-date production totaling 124,525 ounces [3][6] - Revenues for Q3 2025 were $161.7 million, supported by a record average realized gold price of $3,292 per ounce, leading to year-to-date revenues of $389.3 million [5][6] - Free cash flow generated was $95.8 million for Q3 2025, representing a 59% increase from Q2 2025, with year-to-date free cash flow at $190.7 million [3][10] - Adjusted EBITDA for Q3 2025 was $122.6 million, a 32% increase from Q2 2025, with year-to-date adjusted EBITDA reaching $283.6 million [5][10] - Net income for Q3 2025 was $123.8 million, or $0.55 per share, compared to $24.3 million in Q3 2024 [5][10] Operational Performance - The Tocantinzinho Gold Mine (TZ) operated at a steady state, achieving an all-in sustaining cost (AISC) of $1,046 per ounce in Q3 2025, compared to an average gold price received of $3,114 per ounce, resulting in a robust AISC margin of $2,068 per ounce [3][7][15] - The average gold grade of ore processed was 1.43 g/t, with a gold recovery rate of 92.3% [4][13] - Mining activities included 1,787 kt of ore mined and 3,275 kt of waste mined, resulting in a strip ratio of 1.83 [4] Project Developments - The Oko West Gold Project has secured all major approvals and is now in full construction, with a financing package of up to $387.5 million closed [3][16] - The Gurupi project has advanced following a favorable Federal Court ruling, allowing the restart of environmental licensing and exploration activities [20][22] Liquidity and Capital Resources - GMIN ended Q3 2025 with $94.6 million in cash and equivalents, down from $156.1 million in Q2 2025, primarily due to investments in Oko West and a deferred payment to Eldorado Gold [11][24] - Total liquidity stood at $471.6 million, providing flexibility for ongoing projects [24] 2025 Outlook - GMIN reaffirms its production guidance for 2025 of 175,000 to 200,000 ounces of gold, with AISC expected to remain between $1,025 and $1,155 per ounce [25][28] - The company is positioned for continued self-funded growth and long-term value creation, supported by a robust gold price environment and disciplined cost management [27][28]

Core Insights - Alamos Gold has transformed from a junior explorer to a mid-tier Canadian gold producer under the leadership of John McCluskey for over two decades [1][4] - The gold market is experiencing significant growth, with prices up 51% year-to-date in 2025, marking the second-best year since 1979 [5] - Alamos Gold aims to reach a production target of one million ounces by 2030 while maintaining its reputation as a cost-conscious producer [8] Company History - Alamos Gold's origins trace back to the 1980s when McCluskey partnered with Chester Milar, a pioneer in heap leaching gold production [2] - The company acquired the Mulatos District in Sonora, Mexico for $10 million during a bear market when gold prices were around $300 per ounce [3] Market Performance - Alamos Gold's market capitalization has grown to $13 billion over the past twenty years, reflecting effective management and strategic decisions [4] - The company's stock has risen approximately 58% in 2025, paralleling the overall gold market's performance [5] Industry Outlook - The current gold market is characterized by risks of capital destruction, with concerns about investments in assets lacking value or potential [6] - Management changes in major companies like Newmont and Barrick have been noted, with differing impacts on market stability [7] Future Plans - Alamos Gold plans to expand its Island Gold project and aims for an annualized production of around 550,000 ounces [9] - The company is prioritizing internal projects and exploration over new acquisitions, indicating a focus on maximizing current assets [10]

DENVER--(BUSINESS WIRE)--Vista Gold Corp. (NYSE American and TSX: VGZ) today announced its unaudited financial results for the quarter ended September 30, 2025, with cash totaling $13.7 million at quarter-end. All dollar amounts in this press release are in U.S. dollars. Frederick H. Earnest, President and CEO of Vista, said, "In the third quarter, Vista completed a feasibility study for Mt Todd that presents a fresh vision for the project as a 15,000 tonne per day operation – one that prioriti. ...

Market Overview - The U.S. government shutdown continues to be a significant topic, impacting market sentiment and leading to rising shares globally [1][3] - Australian shares are expected to open higher, with a potential increase of up to 0.2% [2] Economic Data - Anticipation builds for a release of U.S. economic data, including retail sales and housing statistics, which have been delayed due to the shutdown [3] - The October labor force report for Australia is expected to show a drop in unemployment to 4.4% [4] Company Focus - Gold stocks are gaining attention as bullion prices rise, with Newmont (ASX:NEM) seeing a 3.6% increase to US$93.13 per share, and Evolution (ASX:EVN) up 11% since Monday [5] - The lithium sector is also highlighted, with Mineral Resources (ASX:MIN) and IGO Ltd (ASX:IGO) experiencing price increases [6] - Several companies are holding annual general meetings (AGMs) today, including Arena, AUB Group, and Computershare [6] Commodity Prices - The Australian dollar is trading at 65.3 U.S. cents [8] - Iron Ore prices increased by 1.1% to $102.65 per tonne, while Brent Crude oil decreased by 4% to $62.60 per barrel [8] - Gold prices continue to rise, currently at $4,196 per ounce [8]