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Osisko Development Provides Infill Drilling Update on Its 13,000-Meter Lowhee Program at Cariboo Gold Project; Intercepts Include 596.40 g/t Gold Over 2.0 Meters from 6.1 Meters Downhole, Including 2,293.56 g/t Gold Over 0.5 Meters from 6.6 Meters Downhole
Globenewswire· 2026-02-12 00:03
Core Insights - Osisko Development Corp. has announced new infill drilling results from its ongoing 13,000-meter program at the Cariboo Gold Project, with a total of approximately 11,025 meters completed, representing about 80% of the planned drilling [2][4]. Drilling Program Details - The infill drilling program commenced in August 2025 and involves 10-meter drill spacing in the Lowhee Zone of the Cariboo Gold Project [2][3]. - A total of approximately 12.1 kilometers (km), or about 88% of the planned drill meters, has been completed to date, with full assay results pending for the remaining holes [3][4]. Assay Highlights - The latest results include significant gold intercepts such as: - 596.40 grams per tonne (g/t) Au over 2.0 meters from 6.1 meters downhole, including 2,293.56 g/t Au over 0.5 meters [4][5]. - 21.67 g/t Au over 3.5 meters from 96.5 meters downhole, including 135.44 g/t Au over 0.5 meters [5][6]. - 21.97 g/t Au over 2.5 meters from 48.7 meters downhole, including 88.08 g/t Au over 0.5 meters [5][6]. Implications of Results - The results are expected to enhance the understanding of spatial controls and local variability within the Lowhee Zone, which may lead to refinements in the infill drill requirements and production designs [3][9]. - Observations of above cut-off assays in previously unmodeled areas suggest potential for additional mineralization, which will be incorporated into the updated local block model [9][10]. Future Outlook - Infill drilling activities are anticipated to conclude in early Q2 2026, following a temporary suspension due to an incident reported on January 23, 2026 [3][4].
Bank of America Raises its Price Target on Alamos Gold Inc. (AGI) to $48 and Maintains a Buy Rating
Yahoo Finance· 2026-02-11 23:22
Alamos Gold Inc. (NYSE:AGI) is included among the 11 Best Mining Stocks to Buy According to Wall Street. Bank of America Raises its Price Target on Alamos Gold Inc. (AGI) to $48 and Maintains a Buy Rating On February 9, 2026, Bank of America raised its price target on Alamos Gold Inc. (NYSE:AGI) to $48 from $47 and maintained a Buy rating. The firm said the adjustment followed refinements to its model after Alamos’ investor update, reflecting updated assumptions around production growth and cost trajecto ...
Novo Resources Business Update
Globenewswire· 2026-02-11 22:00
Core Insights - Novo Resources Corp. is actively advancing its gold exploration and development portfolio across Australia, focusing on multiple projects with significant potential for mineral discovery and resource definition [3][4][83]. Project Updates - The Belltopper Gold Project's updated Exploration Target has increased significantly, with a tonnage range of 2.1 million tonnes (Mt) to 3.1 Mt and a grade range of 6.7 grams per tonne (g/t) to 8.9 g/t Au, reflecting a 40% to 48% increase in tonnage and a 1.5% to 6% improvement in gold grade compared to the previous target [19][24][16]. - At the Tibooburra Gold Project, notable rock chip assay results include peak values of 39.9 g/t Au and 19.8 g/t Au from various sampling locations, indicating strong potential for high-grade gold [28][25]. - The Wyloo Au-Ag-Sb Project has identified new targets for follow-up drilling, with peak soil values indicating significant mineralization potential, including 57.2 ppm Ag and 142 ppm Sb [47][46]. - Drilling at Sherlock Crossing returned peak results of 3 m at 2.96 g/t Au and 1.86% Sb, with mineralization remaining open at depth [59][54]. Financial Position - As of December 31, 2025, the company reported a cash balance of A$8.5 million (C$7.7 million) and investments valued at approximately A$23 million (C$21 million) [69]. Corporate Developments - The company is undergoing leadership changes, with Mrs. Karen De Luca resigning as General Manager Exploration, and Mr. Bruce Hooper appointed as interim General Manager Exploration [63][64]. - Novo is actively seeking to identify and acquire additional gold and copper assets to enhance its portfolio, with ongoing discussions regarding potential joint ventures [65][66].
Early 2026 volatility won't derail gold's bull market, miners' record cash flow will support reratings – Van Eck's Casanova
KITCO· 2026-02-11 19:16
Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...
New Found Gold (NFGC) Confirms Near-Surface Continuity with High-Grade Keats Zone Results
Yahoo Finance· 2026-02-11 18:47
Core Insights - New Found Gold Corp. (NYSEAMERICAN:NFGC) is identified as an undervalued gold stock with significant potential for investment [1] - The company reported high-grade results from its 2025 grade control drilling at the Keats zone, confirming substantial gold mineralization near the surface [1][2] Group 1: Drilling Results and Resource Confirmation - Notable intercepts from the drilling program include 508 grams per ton (g/t) Au over 2.20 meters and 113 g/t Au over 3.75 meters, aligning with existing mineral resource models [2] - These results are crucial for refining the mine plan for the Phase 1 open pits as outlined in the recent Preliminary Economic Assessment [2] - Approximately 50% of the results from the 2025 drilling program are still pending, with an updated Technical Report expected in mid-2026 [3] Group 2: Future Plans and Exploration - New Found Gold is focusing on resource conversion for Phase 2 open pits and Phase 3 underground targets, supported by a 2026 exploration budget that includes regional drilling at Queensway South [3] - The company has four rigs active and plans to expand grade control drilling to the Iceberg and Lotto excavations starting in the second quarter of 2026 [2]
Morgan Stanley Upgrades Harmony Gold (HMY) to Equal Weight Following Year of Underperformance
Yahoo Finance· 2026-02-11 18:47
Group 1 - Harmony Gold Mining Company Ltd. (NYSE:HMY) is considered one of the most undervalued gold stocks according to analysts [1] - Morgan Stanley upgraded Harmony Gold from Underweight to Equal Weight, raising the price target to ZAR 330 from ZAR 265, based on the stock's valuation after a year of underperformance [1] - A major event risk has been resolved with the public release of updated capital guidance for the Eva project [1] Group 2 - Harmony Gold is successfully integrating the newly acquired CSA copper mine in Australia, with specific guidance expected during the upcoming interim results [2] - Progress is being made at the Eva Copper Project, with a newly appointed contractor scheduled to mobilize to the site in the March 2026 quarter [2] - The leadership team is reviewing the capital structure to fund long-term growth projects while ensuring competitive shareholder returns [3] Group 3 - Detailed operational and financial figures for Harmony Gold will be officially released on March 11 this year [3] - The company explores, extracts, and processes mineral properties in South Africa, Papua New Guinea, and Australia, focusing on gold, uranium, silver, and copper deposits [3]
Is B2Gold Corp. (BTG) One of the Most Undervalued Gold Stocks to Buy According to Analysts?
Yahoo Finance· 2026-02-11 18:47
Group 1: Company Overview - B2Gold Corp. (NYSEAMERICAN:BTG) is a Canadian gold producer operating the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia, with full ownership of the Gramalote gold project in Colombia [3]. Group 2: Financial Performance and Projections - In Q3 2025, B2Gold reported that the Goose mine achieved commercial production three months after its first gold pour, but production guidance for 2025 was revised down to between 50,000 and 80,000 ounces due to crushing capacity issues and delayed access to high-grade ore [2]. - Despite short-term challenges, B2Gold forecasts a significant production ramp-up at Goose, projecting 250,000 ounces in 2026 and 330,000 ounces in 2027 [2]. Group 3: Analyst Insights - CIBC analyst Anita Soni raised the price target for B2Gold to $6.50 from $6, maintaining a Neutral rating, as part of a sector-wide target increase driven by revised gold price forecasts of $6,000 per ounce for 2026 and $6,500 for 2027, along with higher copper price projections [1]. - The primary demand drivers from 2025 are expected to persist into 2026, although the market is facing increased geopolitical uncertainty [1]. Group 4: Strategic Developments - B2Gold is advancing strategic expansions, including the construction of the Antelope underground deposit, which is expected to extend the life of the Otjikoto mine into the 2030s while reducing preproduction capital costs to $105 million [3].
Galiano Gold (GAU) Reports High-Grade Drilling Results and Expands 2026 Exploration Budget
Yahoo Finance· 2026-02-11 18:46
Core Viewpoint - Galiano Gold Inc. is identified as one of the most undervalued gold stocks, with recent positive drilling results indicating significant potential for resource expansion at the Abore deposit within the Asanko Gold Mine in Ghana [1][2]. Group 1: Drilling Results and Resource Expansion - Galiano Gold reported positive results from its 2025 drilling program at the Abore deposit, confirming high-grade mineralization extending up to 200 meters below previous drill holes [1]. - Significant intercepts from the 11,000-meter drilling campaign include 14.2 g/t gold over 15 meters and 4.4 g/t gold over 30 meters, showcasing strong continuity across the South, Main, and North pits [1]. - The findings suggest that the Abore mineralizing system is larger than previously estimated and remains open at depth, which will be crucial for the maiden underground Mineral Resource estimate expected in February 2026 [2]. Group 2: Future Exploration Plans - Galiano Gold has approved a $17 million exploration budget for 2026, with a planned 30,000-meter drilling program specifically for the Abore deposit [2]. - The upcoming drilling phase aims to further grow the underground resource and upgrade categories to support a potential maiden underground Mineral Reserve in 2027 [2]. Group 3: Analyst Ratings and Price Target - Scotiabank raised the price target for Galiano Gold Inc. to C$4.75 from C$3.50 while maintaining a Sector Perform rating [3]. Group 4: Company Overview - Galiano Gold Inc. is a mining, development, and exploration company that holds a 90% interest in the Asanko Gold Mine located on the Asankrangwa Gold Belt in Ghana, West Africa [4].
Equinox Gold (EQX) Announces New AI-Supported Gold Discovery at Valentine Mine
Yahoo Finance· 2026-02-11 18:46
Core Insights - Equinox Gold Corp. is identified as one of the most undervalued gold stocks, with analysts highlighting its potential for investment [1] Group 1: New Discoveries and Drilling Plans - Equinox Gold announced a new AI-supported gold discovery at its Valentine Gold Mine, specifically identifying the Minotaur Zone and expanding the Frank Zone [1] - The Minotaur Zone is located 8 km from the existing mill, with initial drilling confirming mineralization over a 700-metre strike length that remains open in all directions [1] - High-grade results from the Minotaur Zone include 2.68 g/t gold over 32 metres and surface samples reaching as high as 650 g/t gold, leading to a planned 15,000 to 20,000 metres of dedicated drilling for 2026 [2] - Drilling at the Frank Zone has revealed continuous high-grade gold mineralization, including intercepts of 22.10 g/t gold over 6.3 metres and 3.12 g/t gold over 63.9 metres, supporting the potential for a new open pit that could extend the mine's current 14-year life [2] Group 2: Analyst Ratings and Price Target - BMO Capital analyst Kevin O'Halloran increased the price target for Equinox Gold from C$20 to C$26 while maintaining an Outperform rating [3] Group 3: Company Overview - Equinox Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in the Americas, primarily focusing on gold and silver deposits [4]
Harvest Gold Reports 105.0 g/t Au Over 1.15 Metres, Including Visible Gold in the Central Part of the Mosseau Property
Thenewswire· 2026-02-11 18:40
Core Insights - Harvest Gold Corporation has announced significant drilling results from the Mosseau Property, indicating high-grade gold mineralization within the Kiask River Deformation Zone [2][4][6] Drilling Results - The most notable intersection reported is 105.0 g/t gold over 1.15 metres in hole MO-25-25, which also includes 4.3 g/t silver and 464 ppm copper [2][9] - Additional significant intervals from the 2025 drill program include: - 0.50 g/t Au over 16.35 m, including 1.85 g/t Au and 700 ppm Cu over 1.50 m (MO-25-26) - 0.76 g/t Au over 5.85 m, including 2.11 g/t Au and 466 ppm Cu over 1.00 m (MO-25-27) - 0.22 g/t Au over 16.0 m and 2.48 g/t Au and 571 ppm Cu over 0.50 m (MO-25-28) [9] Geological Context - The Kiask River Mineralized Corridor has been traced for over 10 km along strike, indicating a regionally extensive gold-bearing corridor that is up to 16 metres wide [3][6] - Historical exploration in the central part of the Mosseau Property has been limited, with previous drilling by Vior Inc. in 2017 returning 1.13 g/t Au over 16.0 metres [7] Future Exploration Plans - The company plans to conduct additional drilling to further test the Kiask River Mineralized Corridor both along strike and at depth [6][10] - A high-resolution magnetic survey has outlined a potential second dilation zone, which is larger in scale than previously identified structures [8] Company Overview - Harvest Gold Corporation is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions, with three active gold projects in the Urban Barry area covering a total of 20,016.87 hectares [10][11]