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].

Core Viewpoint - Barrick Mining Corporation and Agnico Eagle Mines Limited are leading gold producers with diversified portfolios, positioned to benefit from favorable gold prices and geopolitical tensions, making them relevant for investors in the precious metals sector [1][25]. Gold Price Dynamics - Gold prices have increased approximately 29% this year, reaching a peak of $3,500 per ounce in April 2025, driven by aggressive trade policies and central bank accumulation of gold reserves [2]. Barrick Mining Corporation - Barrick is advancing key growth projects, including Goldrush and the Reko Diq project, which are expected to significantly enhance production [4][5]. - The Goldrush mine aims for 400,000 ounces of production annually by 2028, while the Reko Diq project is projected to produce 460,000 tons of copper and 520,000 ounces of gold annually [5]. - Barrick's Lumwana copper mine expansion is a $2 billion project expected to double throughput and produce 240,000 tons of copper annually [6]. - As of Q1 2025, Barrick reported cash and cash equivalents of approximately $4.1 billion and generated operating cash flows of around $1.2 billion, a 59% increase year-over-year [7]. - Barrick's dividend yield is 1.9% with a payout ratio of 28% and a five-year annualized dividend growth rate of about 5.1% [8]. - However, Barrick faces challenges with rising costs, with cash costs per ounce of gold and all-in-sustaining costs increasing by approximately 16% and 20% year-over-year, respectively [10]. Agnico Eagle Mines Limited - Agnico Eagle is focused on growth projects such as the Odyssey project and the Hope Bay project, which is expected to generate significant cash flow [11][12]. - Following its merger with Kirkland Lake Gold, Agnico Eagle has established itself as a high-quality senior gold producer with a strong pipeline of projects [13]. - In Q1 2025, Agnico Eagle's operating cash flow increased by roughly 33% year-over-year to $1,044 million, with free cash flows of $594 million, up around 50% [14][15]. - Agnico Eagle has a lower long-term debt-to-capitalization ratio of about 5% compared to Barrick's 12.3%, indicating lower financial risk [15]. - The company offers a dividend yield of 1.3% with a payout ratio of 32% and a five-year annualized dividend growth rate of 10.3% [15]. - Agnico Eagle's total cash costs per ounce of gold were $903, with projections for 2025 indicating an increase in costs [16]. Stock Performance and Valuation - Year-to-date, Barrick's stock has increased by 36.3%, while Agnico Eagle's stock has risen by 56.8%, outperforming the Zacks Mining – Gold industry's increase of 55.4% [17]. - Barrick is trading at a forward 12-month earnings multiple of 10.73, representing a 23.8% discount to the industry average of 14.08X [20]. - Agnico Eagle trades at a premium with a forward earnings multiple of 20.27, above the industry average [21]. Growth Prospects - The consensus estimates for Barrick's 2025 sales and EPS imply year-over-year growth of 13.7% and 43.7%, respectively [22]. - Agnico Eagle's 2025 sales and EPS estimates suggest year-over-year growth of 23.6% and 43%, respectively [23]. - Both companies are well-positioned to capitalize on the current gold price environment, but Agnico Eagle's higher dividend growth rate and lower leverage may present better investment prospects [25].

Core Insights - Equinox Gold Corp. has completed its merger with Calibre Mining Corp., forming a diversified gold producer focused on the Americas, with significant operations in Canada [1][7] - The combined entity will be the second-largest gold producer in Canada, with a production capacity exceeding 1.2 million ounces annually from its Greenstone and Valentine mines [3][7] Company Overview - The merger enhances Equinox Gold's asset base, adding operating mines in Nicaragua and the United States, along with earlier-stage projects in the U.S. [2] - The Valentine Gold Mine in Newfoundland is projected to begin production in Q3 2025 [2] Production and Financial Outlook - The integrated company will benefit from low-cost production growth, increased cash flow, and a stronger balance sheet, supported by approximately 23 million ounces of proven and probable gold reserves [3][7] - The Zacks Consensus Estimate indicates a significant year-over-year earnings increase of 135% for 2025 and 123.4% for 2026, although EPS estimates have been trending lower recently [8] Valuation Metrics - Equinox Gold is currently trading at a forward 12-month earnings multiple of 6.31, which is about 55.2% lower than the industry average of 14.08 [11] - The company holds a Value Score of B, indicating potential undervaluation relative to its peers [11] Industry Context - The merger reflects a broader trend of consolidation in the gold mining sector, with notable transactions such as Newmont Corporation's acquisition of Newcrest Mining and Gold Fields Limited's acquisition of Osisko Mining [4][5] - These consolidations aim to create stronger portfolios and enhance operational efficiencies within favorable mining jurisdictions [4][5]

TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Angus Gold Inc. (TSX-V: GUS, OTC: ANGVF) (“Angus” or the “Company”) is pleased to announce that its shareholders (the “Shareholders”) have approved the resolution required to consummate the previously announced statutory arrangement under the Business Corporations Act (Ontario) (the “Transaction”) with Wesdome Gold Mines Ltd. (“Wesdome”). At Angus’ special meeting of Shareholders held on June 19, 2025 (the “Meeting”), the resolutions supporting the Transaction were ...

TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) is pleased to announce that, further to its previous announcement (see news release dated June 5, 2025), it has closed a private placement of 3,999,701 common shares of the Company that qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (“FT Shares”) at a price of C$0.77 per FT Share for total gross proceeds of C$3,079,800 (the “Offer ...

TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) is pleased to announce that the Company has executed an amended and restated credit agreement (the “Agreement”) with a syndicate of lenders to upsize and extend the maturity of its current secured revolving credit facility (the "Credit Facility") by an additional three years to June 19, 2028. Pursuant to the Agreement, the Credit Facility includes aggregate commitments of US$250 million w ...