Core Insights - Robex Resources has successfully completed the initial gold pour at the Kiniéro project in Guinea, achieving this milestone on time and within budget, with a yield of a 2.64kg (85 ounces) gold bar [1] - The construction of the Kiniéro project took 17 months, marking it as Robex's sixth successful project in 15 years, all delivered on schedule and within budget [2] - The Kiniéro processing plant is progressing as planned, with ore feed initiated and recoveries aligning with feasibility study expectations [2] Project Development - The construction team was deployed in July 2024, and the project has been completed without any lost-time injuries, totaling nearly five million hours worked [2][3] - Robex anticipates that the Kiniéro plant will reach its nameplate capacity in the first quarter of 2026 [3] Production and Future Plans - With Kiniéro now in production, Robex operates two assets, including Nampala in Mali, which is projected to produce 46,000-48,000 ounces annually [4] - The successful delivery of Kiniéro supports Robex's proposed merger with Predictive Discovery, aimed at developing the Bankan gold project, which is located within 25km of Kiniéro [5] - The merger is expected to create a tier-one gold hub in West Africa, targeting an annual output of over 400,000 ounces by 2029 and a consolidated resource of approximately 9.5 million ounces of gold [5][6]

Core Viewpoint - West Red Lake Gold Mines Ltd. has qualified to trade on the OTCQX Best Market, enhancing its visibility among U.S. investors and marking a significant milestone in its development as a gold producer [1][2][3] Company Overview - West Red Lake Gold Mines Ltd. is focused on gold exploration and development, particularly its flagship Madsen Gold Mine and the associated 47 km² land package in the Red Lake Gold District of Ontario, which has produced over 30 million ounces of gold [3] - The company is transitioning from a gold developer to a gold producer, with expectations of commercial production at the Madsen Mine in 2026 [3] Market Position - The OTCQX Market is designed for established, investor-focused companies, requiring high financial standards and compliance with securities laws, which West Red Lake Gold has met [2] - Trading under the symbol "WRLGF," the company aims to provide greater access to investors in the United States [1][3]

Group 1 - Galiano Gold (GAU) appears more attractive as gold prices increase, but current investment opportunities are not clear-cut [1] - The focus is on high-quality and growth companies, balancing between dividend-paying stocks and those with high growth potential but lower dividends [1] - The investor has 8 years of experience with a track record of more successful investments than failures, including companies with no dividends but strong growth potential [1]

Core Viewpoint - Allied Gold Corporation has commenced operations at Sadiola with the new fresh ore comminution circuit, marking a significant milestone in its growth strategy aimed at increasing production and cash flows [1][2]. Group 1: Phase 1 Expansion - The Phase 1 expansion allows Sadiola to increase the proportion of fresh ore in the feed from approximately 20% to 60%, with an expected throughput of 5.7 million tonnes per annum [2]. - The first quarter of 2026 is anticipated to be the first full quarter with higher-grade fresh ore contributing to production, with production levels expected to vary as mining progresses [2][5]. - The completion of Phase 1 is expected to result in annual production of 200,000 to 230,000 gold ounces, representing a 17% to almost 30% increase over 2023 production levels [5]. Group 2: Phase 2 Expansion - The Company is in the final stages of studies to define the preferred growth path for Sadiola, including a modular expansion of current facilities and increasing metallurgical recoveries for fresh ore [3]. - An update on the Phase 2 expansion, which is planned to commence in late 2026, will focus on a more capital-efficient, modular upgrade rather than a larger, more expensive plant [4]. Group 3: Production Outlook - In the current quarter, Sadiola is expected to produce approximately 60,000 gold ounces, reflecting a 40% increase over the average of prior quarters this year [6]. - Overall production for the quarter is expected to exceed 113,000 gold ounces, a 30% increase over prior quarters and a 13% increase compared to the same quarter last year [7]. - The Company maintains its guidance for the year of over 375,000 gold ounces [7]. Group 4: Company Overview - Allied Gold Corporation is a Canadian-based gold producer with a significant growth profile, operating a portfolio of three producing assets and development projects in Côte d'Ivoire, Mali, and Ethiopia [8]. - The Company aims to become a mid-tier, next-generation gold producer in Africa and ultimately a leading senior global gold producer [8].

Core Viewpoint - Robex Resources Inc has successfully poured its first gold at the Kiniéro Gold Project in Guinea, achieving this milestone on schedule and within budget, marking a significant achievement for the company [3][4]. Operational Update - The first gold pour at Kiniéro resulted in a gold bar weighing 2.64 kilograms (85 ounces) [4]. - The project has seen nearly 5 million hours worked without a Lost Time Injury (LTI), showcasing the company's commitment to safety [4][5]. - The ramp-up of operations is progressing smoothly, with the plant achieving recoveries in line with expectations [4][9]. - The Kiniéro plant is expected to reach its nameplate capacity in early Q1 CY2026 [4]. - Open-pit mining is ramping up from the South Sabali starter pit, with ore stockpiles building on the ROM pad [4][9]. Project Development - The construction of the Kiniéro project was completed in 17 months, representing the sixth successful build by the construction team in 15 years, all delivered on time and on budget [4][6]. - Robex has secured an exclusive option to buy back and extinguish the Mansounia royalties, which currently stands at 0.5% NSR [13]. - The Kiniéro project is now Robex's second producing asset, alongside the Nampala project in Mali, which has a production guidance of 46,000 to 48,000 ounces per year [4]. Strategic Merger - The successful delivery of the Kiniéro project supports the rationale for the proposed merger with Predictive Discovery, which is expected to enhance the company's position in West Africa [4][7]. - The merger aims to create a tier-1 gold mining hub in West Africa, combining the production capabilities of Kiniéro and the Bankan Gold Project, with projected annual production exceeding 400,000 ounces by 2029 and combined resources of approximately 9.5 million ounces of gold [4][7].

Core Insights - AngloGold Ashanti has experienced a remarkable 245% gain this year, with a 262% increase over the past five years, indicating a transformation from a slow-moving equity to a high-growth stock [1] Company Performance - The company operates mines in Africa, Australia, and the Americas, and has effectively managed costs, allowing it to benefit from rising gold prices while providing a quarterly dividend with a yield of 2.59%, outperforming the S&P 500 this year and over the past five years [2] - AngloGold Ashanti's gold production increased by 17% year over year in Q3, resulting in a record $920 million in free cash flow, which is up 141% year over year [5] Market Dynamics - Gold prices have surged by more than 60% this year, creating a favorable environment for gold mining stocks, although company-specific factors also influence individual stock performance [4] - The company is preparing to further increase gold production in 2026 through investments in its Mineral Reserve base and enhancing operational flexibility [6] Financial Health - AngloGold Ashanti closed the quarter with $4.54 billion in current assets and $1.76 billion in current liabilities, resulting in a healthy current ratio of 2.58, which supports potential dividend increases and additional mining projects [7]

With strong 1-year returns and upside potential, Seabridge Gold Inc. (NYSE:SA) secures a spot on our list of the 12 best multibagger stocks to buy heading into 2026. Analysts Remain Bullish on Seabridge Gold (SA) Amid KSM Project Progress As of December 17, the stock is a consensus Buy with all analysts covering it assigning it a Buy or equivalent rating. The consensus 1-year median price target of $52.1 implies a nearly 80% potential upside. According to TheFly, Nick Giles, an analyst from B. Riley, re ...

Core Viewpoint - Eldorado Gold has increased its ownership in Amex Exploration by acquiring a significant block of shares, indicating a strategic investment move in the junior mining sector [1][2][3]. Group 1: Transaction Details - Eldorado Gold purchased 14,868,200 shares of Amex at C$4 per share, totaling approximately C$59.5 million, raising its stake to 27.3% on a non-diluted basis [2][5]. - The transaction appears to be a matched private trade as Eric Sprott divested his shares, suggesting a strategic shift in ownership within the company [1][5]. - Amex's share price increased by 5% to C$4.04, contributing to a 274% rise over the past year, with a market capitalization of C$572.3 million [4]. Group 2: Company Relationship and Future Plans - Amex's CEO, Victor Cantore, emphasized the ongoing positive relationship with Eldorado, stating that the increased shareholding does not alter their collaboration [3][9]. - Amex is advancing its Perron and Perron West projects, with a resource estimate indicating 8.2 million tonnes of measured and indicated resources containing 1.6 million ounces of gold [7]. - Future plans for Amex include bulk sampling, ongoing exploration in Quebec and Ontario, and a feasibility study expected in the first half of next year [8].

Core Viewpoint - Aris Mining (ARMN) is recognized for its growth and valuation as a junior gold miner, particularly in comparison to Aura Minerals (AUGO) [1] Company Analysis - Aris Mining has shown impressive growth metrics that attract attention in the investment community [1] - The analysis emphasizes the importance of financial statements in understanding the company's potential and valuation [1] Investment Perspective - The author has established a beneficial long position in ARMN and AUGO, indicating confidence in their future performance [2] - The analysis aims to provide a fundamental view and streamlined research similar to institutional standards, focusing on long-term potential [1]

Core Viewpoint - Sonoro Gold Corp. addresses and refutes false rumors regarding the denial of the Environmental Impact Statement (MIA) for its Cerro Caliche gold project, asserting that the claims are misleading and incorrect [1][2]. Group 1: Environmental Impact Statement (MIA) - A revised MIA for the Cerro Caliche project was submitted in February 2025, replacing the initial MIA submitted in May 2022 [2]. - The current MIA submission is under review by the Mexican federal permitting authority, SEMARNAT, and the company is compliant with required disclosures [2]. Group 2: Company Overview - Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico [3]. - The company boasts a highly experienced operational and management team with a proven track record in discovering and developing natural resource deposits [3].