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].

NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Torex Gold Resources Inc. (TSX: TXG; OTCQX: TORXF), an intermediate gold producer based in Canada, has qualified to trade on the OTCQX® Best Market. Torex Gold Resources Inc. upgraded to OTCQX from the Pink® market. Torex Gold Resources Inc. begins trading today on OTCQX under the symbol “TORXF.” U.S. investors can find current ...

A Malian court has ruled Barrick Mining's Loulo-Gounkoto gold mining operation should be placed under Provisional Administration for six months and it hands control of one of the Canadian company's biggest mines. Two states appointed management. Joining us now is Bloomberg's William Clowes.So this story has been going on for almost a couple of years now. Well, what happens next. Barrick saying, obviously, that the transfer is unlawful.Yeah. Good morning. The court ruling issued on Monday is, as you say, the ...

VANCOUVER, British Columbia, June 20, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the “Meeting”) held on Thursday, June 19, 2025. A total of 864,407,409 common shares were voted at the Meeting, representing 65.42% of the votes attached to all outstanding common shares. Shareholders voted overwhelmingly in favour of all items of business before ...

Core Viewpoint - US Gold Corp is set to join the Russell 3000 and Russell 2000 indexes, marking a significant milestone in its growth and recognition within the junior gold mining sector [1][4]. Company Performance - Over the past year, US Gold's market capitalization has increased from $45 million to $132 million, largely due to advancements at its CK Gold Project [2]. - The company received final permits for the CK Gold Project in November 2024, which is strategically located near Cheyenne, benefiting from existing infrastructure [3]. Project Details - The CK Gold Project is expected to complete a definitive feasibility study by the fourth quarter of 2025, with plans for financing and development to follow [3]. - The project is noted for its lower capital expenditure forecasts, approximately one-third of global averages, which may enhance its attractiveness to investors [5]. Financial Strategy - The project is anticipated to pay back capital in less than two years, with the company focusing on debt financing to avoid equity dilution [6]. - A recent private placement of $10.3 million has bolstered the company's financial position [6]. Economic Viability - The updated pre-feasibility study indicates strong economic potential at conservative commodity prices of $2,100 per ounce for gold and $4.10 per pound for copper [7]. - The company is exploring innovative technologies to improve recovery rates and reduce costs [7]. Future Outlook - US Gold is also considering joint ventures or spinouts for its exploration-stage projects in Nevada, but the primary focus remains on the CK Gold Project [8]. - The company is transitioning from an exploration phase to a development phase, with significant momentum and confidence in the project's future production [9].