Company Overview - Labrador Gold Corp. is a Canadian mineral exploration company focused on acquiring and exploring gold projects in Eastern Canada [4] - The company currently has approximately CAD $18.1 million in cash [4] - Labrador Gold has 170,009,979 common shares issued and outstanding, trading on the TSX Venture Exchange under the symbol LAB [7] Leadership Appointment - Ryan Weston has been appointed as Vice President Exploration, bringing over 20 years of global experience in base and precious metals exploration [2] - Weston previously played key roles in the successful sales of Carlisle Goldfields for CAD $28 million in 2016 and Noront Resources for CAD $686 million in 2022 [2] - He has served as Vice President Exploration at Wyloo, leading initiatives in Ontario's Ring of Fire region [2] Strategic Vision - Weston expressed confidence in Labrador Gold's strong position to pursue major gold discoveries without the immediate need for additional financing [3] - The company aims to leverage Weston's extensive experience in leading technical teams for new gold projects [3] Exploration Projects - The Hopedale property covers a significant portion of the Florence Lake greenstone belt, which is underexplored compared to similar global belts [5] - Labrador Gold has identified gold anomalies over a 3-kilometer section of the northern part of the Florence Lake greenstone belt, with five gold occurrences discovered [5] - The Borden Lake project near Chapleau, Ontario, has shown promising results with up to 48 gold grains identified in till samples [6]

TORONTO, June 24, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (the “Company”) (CSE: RSG) is pleased to announce that a fully permitted summer exploration program has begun at its 100% owned Gold Anchor Project in central Newfoundland, Canada. The program will focus on its recently discovered 6,000-metre-long Lane Pond Gold Target, which is strategically located along the prolific, gold-bearing Appleton Fault. The Appleton Fault is a major gold-bearing fault zone trending for greater than 150 kilometres i ...

Core Viewpoint - Onyx Gold Corp. is expanding its land holdings in the Munro-Croesus Project through strategic acquisitions, enhancing its position as a leading gold explorer in the Timmins Camp [1][2][3]. Group 1: Strategic Acquisitions - The company has signed purchase agreements to acquire a 100% interest in the Munro Property (227 hectares) and the Hewitt Property, increasing the total project land holdings to 10,921 hectares (109 km²) [1][2][4]. - The Munro Property is strategically located within the Munro-Croesus Project and covers the northwestern extension of the Croesus Flow, which is known for hosting the historic high-grade Croesus Mine [4][5]. - The acquisition of the Hewitt Property includes gold-bearing mineralization with grab samples yielding up to 15.7 g/t Au [6][7]. Group 2: Financial Terms - The total consideration for the Munro Property is $300,000, payable in two staged cash payments over 12 months, subject to satisfactory due diligence [5]. - For the Hewitt Property, the company will pay $20,000 and issue 75,000 common shares, along with a 1.0% net smelter returns royalty to the vendor [7]. Group 3: Future Exploration Plans - The acquisitions are expected to unlock additional high-impact drill targets for future exploration, particularly along the Croesus Flow [3][4]. - The Munro-Croesus Project is located in a highly prospective geological area, with significant nearby bulk-tonnage gold deposits [16]. Group 4: Company Overview - Onyx Gold is focused on exploration in well-established Canadian mining jurisdictions, with a portfolio that includes the Munro-Croesus Gold property and other exploration properties in Timmins and Yukon Territory [17][18].

Core Viewpoint - Alamos Gold Inc. continues to report significant exploration success at the Island Gold Mine, with high-grade gold mineralization being extended both underground and at surface levels, indicating strong potential for future growth in Mineral Reserves and Resources [1][2][19]. Exploration Results - The Island Gold Mine has seen an increase in its Mineral Reserve base for 12 consecutive years, with ongoing exploration supporting expectations for continued growth [2][19]. - High-grade mineralization has been extended outside of existing Mineral Reserves and Resources in various zones, including the E1E and C-Zones, with notable drill results such as 15.87 g/t Au over 2.72 m in the E1E-Zone and 37.26 g/t Au over 2.86 m in the B Zone [3][4][6][28]. Regional Exploration - The regional exploration program has successfully intersected high-grade gold mineralization at the past-producing Cline-Pick and Edwards mines, located seven kilometers from the Magino Mill, which may serve as additional sources of higher-grade ore [1][15][44]. - Significant drill results from the Cline-Pick Mines include 8.22 g/t Au over 21.13 m and 19.22 g/t Au over 4.65 m, while the Edwards Mine reported 55.95 g/t Au over 2.12 m [15][48][53]. Future Plans - A budget of $27 million has been allocated for exploration at the Island Gold District in 2025, an increase from $20 million in 2024, with plans for 41,500 m of underground drilling and 18,000 m of surface exploration [19][21][22]. - The focus will be on defining new Mineral Reserves and Resources near existing production horizons and infrastructure, as well as expanding mineralization at the Magino site [21][22][23]. High-Grade Mineralization - Ongoing drilling has confirmed the continuity and extension of high-grade gold mineralization in various zones, with over 1,500 intersections above 3 g/t Au reported outside of existing Mineral Reserves and Resources [9][39][40]. - New highlights from the Island East Footwall zones include 21.42 g/t Au over 4.00 m and 31.44 g/t Au over 8.27 m, showcasing the potential for further high-grade additions [32][35].

TORONTO, June 23, 2025 (GLOBE NEWSWIRE) -- Belo Sun Mining Corp. (“Belo Sun” or “Company”) (TSX: BSX, OTCQX: BSXGF) is pleased to announce that its shareholders approved a major renewal of the Company’s governance structure during today’s Annual General Meeting (“AGM”). Belo Sun has also appointed a Brazil-based President to lead the Company’s operations in the country. This transformation heralds a new chapter aimed at strategic discipline, in-country leadership, and focused execution as the Company seeks ...

Core Viewpoint - Alamos Gold Inc. has reported the results of the Base Case Life of Mine Plan for the Island Gold District, indicating it is expected to become one of Canada's largest, lowest-cost, and most profitable gold mines, with significant upside potential anticipated in an upcoming Expansion Study [1][3][4]. Summary by Relevant Sections Base Case Life of Mine Plan - The Base Case LOM Plan integrates Island Gold and Magino into a consolidated operation, reflecting current costs and significant growth in Mineral Reserves [2][4]. - The plan includes only Mineral Reserves from Island Gold and Magino, with additional resources not factored into the economic analysis [2][12]. Production and Cost Metrics - Average annual gold production is projected at 411,000 ounces starting in 2026, a 43% increase from 2025 guidance [4][8]. - Mine-site all-in sustaining costs (AISC) are expected to average $915 per ounce over the initial 12 years, a 19% decrease from 2025 guidance [4][51]. - Total cash costs are projected to average $581 per ounce over the initial 12 years and $699 per ounce over the life of mine [7][51]. Mineral Reserves and Resources - Total Mineral Reserves have increased by 48% to 6.3 million ounces, with significant contributions from both Island Gold and Magino [7][12]. - The conversion of Inferred Mineral Resources to Mineral Reserves is ongoing, with a high conversion rate expected to continue [16][12]. Expansion and Future Growth - An Expansion Study is anticipated in Q4 2025, which is expected to outline further increases in Mineral Reserves and potential milling rates of 18,000 to 20,000 tonnes per day [3][4][8]. - The Phase 3+ Expansion is expected to be completed in the second half of 2026, which will enhance production capabilities and lower costs [5][27]. Environmental Considerations - The project aims for a 29% reduction in greenhouse gas emissions per ounce produced, achieving an intensity 70% lower than the industry average [5][40]. Financial Metrics - The after-tax net present value (NPV) of the Base Case LOM Plan is estimated at $4.5 billion at a long-term gold price of $2,400 per ounce, increasing to $6.7 billion at current prices of approximately $3,300 per ounce [21][22]. - Total capital expenditure for the life of mine is projected at $2.26 billion, or $380 per ounce sold [66]. Capital Expenditures - Growth capital is estimated at $453 million, primarily focused on the Phase 3+ Expansion and Magino mill expansion [60][64]. - Sustaining capital is expected to total $1.8 billion over the life of mine, with a per-ounce cost of $304 [66]. Operational Details - The Magino mill will process ore from both Island Gold and Magino, with a planned throughput of 12,400 tonnes per day post-expansion [48][49]. - The transition to a shaft operation is expected to significantly reduce costs and improve efficiency [26][31].

Core Viewpoint - Agnico Eagle Mines (AEM) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Company Performance and Outlook - The upgrade for Agnico reflects an improvement in the company's underlying business, suggesting that investor sentiment may drive the stock price higher [4]. - Agnico is projected to earn $6.05 per share for the fiscal year ending December 2025, with no year-over-year change, while the Zacks Consensus Estimate has increased by 34.5% over the past three months [7]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [6]. - The upgrade of Agnico to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [9].

TORONTO, June 23, 2025 (GLOBE NEWSWIRE) -- Rockcliffe Capital is pleased to announce today the initiation of equity research coverage on Agnico Eagle Mines Ltd. (TSX/NYSE: AEM), a premier senior gold mining company with operations spanning Canada, Finland, Australia, Mexico, and the U.S.  Following rigorous financial and operational analysis, Rockcliffe Capital assigns Agnico Eagle a "Strong Buy" rating, alongside a 12-month price target of US$155, reflecting strong upside potential of approximately 25% fro ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Agnico Eagle Mines (AEM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Agnico currently has an average brokerage recommendati ...

Core Viewpoint - Great Pacific Gold Corp. is executing a spin-out of its Walhalla Gold Project into a new entity, Walhalla Gold Corp., allowing shareholders to retain direct exposure to a significant gold project while securing non-dilutive capital for its ongoing projects in Papua New Guinea [1][3]. Transaction Highlights - The spin-out will provide GPAC shareholders with one share of Walhalla for each share of GPAC held, representing a 1:1 spin-out transaction [6][17]. - Great Pacific has received a cash payment of $1.5 million associated with the transaction, which will be used to fund its Wild Dog Project in Papua New Guinea [6][17]. - A definitive arrangement agreement has been established between Great Pacific, Finco, and Walhalla, outlining the terms of the spin-out [6][11]. Walhalla Gold Project Overview - The Walhalla Gold Project is located in Victoria, Australia, covering over 1,400 km² and includes areas with historical gold production [4][5]. - The project has a history of producing 1,510,309 ounces of gold at an average grade of 33.59 g/t [5][6]. - The Pinnacles target within the project is fully permitted and ready for immediate drilling, showcasing a 400m x 1,100m gold mineralized zone [4][10]. Strategic Focus and Future Plans - The cash proceeds from the spin-out will provide non-dilutive funding to advance the Wild Dog Project, which has shown promising early results with high-grade gold intersections [3][6]. - The company plans to announce further results from the Wild Dog Project in the coming weeks, indicating ongoing exploration and development efforts [3][6].