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Montage Gold Provides Exploration Update on the Sissédougou Trend at Its Koné Project in Côte d'Ivoire
Globenewswire· 2025-11-06 11:00
HIGHLIGHTS:  Koné project comprises 7 mineralised trends hosting 52 identified targets with mineralization confirmed at all 23 targets drill-tested so far in 2024 and 2025, whilst scout drilling continues to identify more targets This year’s ongoing 120,000-meter drill programme has focused on the Gbongogo–Koroutou and Sissédougou trends, representing respectively 45% and 27% of the 87,595 meters already drilled in YTD-2025The Sissédougou trend is emerging as another highly prospective area, in addition to ...
Blue Gold secures $140m to restart Bogoso and Prestea gold mine
Yahoo Finance· 2025-11-06 09:49
Blue Gold has secured $140m (CI$116.42) in committed funding to finance the restart of the Bogoso and Prestea gold mine in the western region of Ghana. The financing comprises a new $65m secured loan and a previously announced $75m equity line of credit that remains undrawn. The funding is aimed exclusively at restarting the 5.1 million-ounce (moz) Bogoso and Prestea gold mine in Ghana, contingent on settling a lease dispute with the Government of Ghana. According to the company, the $65m commitment, pr ...
NV Gold Announces Closing of First Tranche of Private Placement
Accessnewswire· 2025-11-06 06:50
Core Points - NV Gold Corporation has successfully closed the first tranche of its non-brokered private placement [1] - The company plans to close a second tranche of the private placement in the upcoming weeks under the same terms [1] Company Summary - NV Gold Corporation is listed on TSXV under the ticker NVX, OTCQB as NVGLF, and FSE as 8NV [1] - The announcement regarding the private placement was initially made on October 22, 2025 [1]
Gold Resource Corporation 2025 Q3 - Results - Earnings Call Presentation (NYSE:GORO) 2025-11-05
Seeking Alpha· 2025-11-06 02:34
Core Insights - The article discusses the importance of enabling Javascript and cookies in browsers to ensure proper functionality and access to content [1] Group 1 - The article highlights that users may face access issues if they have an ad-blocker enabled, suggesting the need to disable it for a better experience [1]
GOLD ROYALTY REPORTS THIRD QUARTER RESULTS; ACHIEVES RECORD REVENUE AND ADJUSTED EBITDA
Prnewswire· 2025-11-06 01:59
Core Insights - Gold Royalty Corp. reported record revenue for the third quarter of 2025, driven by new mines entering production and positive cash flow [2][9] - The company has successfully reduced debt and interest costs while strengthening its balance sheet, with plans to continue de-leveraging through 2026 [2][9] Financial Performance - For the three months ended September 30, 2025, revenue reached $4.148 million, a significant increase from $2.060 million in the same period of 2024, representing a growth of 101.4% [6] - Net loss for the third quarter was $1.133 million, compared to a net income of $3.423 million in Q3 2024 [6] - Adjusted EBITDA for the quarter was $2.517 million, up from $779 thousand in Q3 2024, indicating a strong operational performance [6][9] - Total Revenue, Land Agreement Proceeds, and Interest amounted to $4.573 million for Q3 2025, compared to $2.601 million in Q3 2024, marking a 75.6% increase [6][9] Operational Highlights - The company reported production of 1,323 gold equivalent ounces (GEOs) in Q3 2025, an increase from 1,051 GEOs in Q3 2024 [6][41] - Cash provided by operating activities was $2.438 million for the quarter, a significant improvement from a cash usage of $42 thousand in Q3 2024 [6] - The company repaid $2 million to its revolving credit facility in Q3 and an additional $5 million post-quarter, demonstrating responsible capital allocation [9] Portfolio Updates - The Borborema project achieved commercial production in Q3 2025, contributing to the company's revenue growth [11] - The Côté Gold mine produced 106,000 ounces in Q3 2025, continuing its strong performance with expected cash costs of $1,100-$1,200 per ounce [14] - The Canadian Malartic / Odyssey mine is progressing ahead of schedule, with initial production expected in the second half of 2026 [13] Future Outlook - The company plans to continue leveraging cash generated from operations to reduce debt throughout 2026 [2][9] - The royalty generator model has added two new royalties in the nine months ended September 30, 2025, contributing to a total of 51 royalties since the acquisition of Ely Gold Royalties Inc. [22][23]
Golden Pursuit Resources Announces the Discovery of New Mineralization Targets Identified During Its 2025 Exploration Program on Its Myrt Lake and Kidney Pond Properties in the Northwest Territories, Canada
Newsfile· 2025-11-05 23:17
Core Insights - Golden Pursuit Resources Ltd. has announced the discovery of two new mineralization targets during its 2025 exploration program at Myrt Lake and Kidney Pond properties in the Northwest Territories, Canada, indicating high-grade gold potential and polymetallic mineralization in the Gordon Lake mining district [1][2]. Exploration Results - New assay results from Myrt Lake show high-grade gold with samples D6-2 reporting 25.2 g/t Au, 133 g/t Ag, and 3.61% Pb, and sample D10 showing 22.7 g/t Au and 36.2 g/t Ag, indicating the discovery of two new mineralized zones approximately 2 km west of historic mine workings [4]. - At Kidney Pond, a new showing identified this year (sample 308004) suggests polymetallic mineralization with higher concentrations of copper (1.51% Cu), silver (18.65 g/t Ag), and gold (16.05 g/t Au) [5]. Historical Context - The Gordon Lake Project has a rich exploration history dating back to the late 1930s, with multiple gold showings and varying degrees of exploration and development [11][27]. - Golden Pursuit Resources acquired the properties in 2020 and has since conducted extensive exploration activities, including LiDAR surveying and geological mapping [12][29]. Future Plans - The company plans further exploration work, including geophysics and drilling, to validate and upgrade historical resource estimates, which require modern QA/QC protocols and confirmatory drilling [3][4]. - The construction of an all-weather road connecting Gordon Lake to Tibbit Lake is anticipated, which will significantly reduce exploration and drilling costs [11]. Community Engagement - Golden Pursuit collaborates with First Nations organizations and the Government of the Northwest Territories to advance strategic interests and support community initiatives [26]. Company Overview - Golden Pursuit Resources focuses on gold exploration in the Northwest Territories and Nevada, owning multiple properties with a history of mining and exploration dating back to the 1930s [29].
Equinox Gold Delivers Record Q3 Production and Revenue
Newsfile· 2025-11-05 23:17
Core Insights - Equinox Gold Corp. reported a record production of 236,382 ounces of gold in Q3 2025, with all-in sustaining costs (AISC) of $1,833 per ounce, indicating strong operational performance and financial health as the company anticipates a robust finish to 2025 and momentum into 2026 [2][6][9] Production and Operational Highlights - The Greenstone mine achieved significant operational improvements, with mining rates exceeding 185,000 tonnes per day in Q3, a 10% increase from Q2, and mill grades improved by 13% to 1.05 grams per tonne [3][9] - At the Valentine project, commissioning is ahead of schedule, with the plant averaging 4,992 tonnes per day, or 73% of nameplate capacity, and recoveries exceeding 93% [4][9] - The company produced a consolidated year-to-date total of 634,427 ounces of gold, excluding production from certain assets not included in the 2025 guidance [6][8] Financial Performance - Revenue for Q3 2025 was reported at $819 million, with net income of $85.6 million, translating to earnings per share of $0.11 [9][10] - The company reduced its debt by $139 million during the quarter and added $88 million in cash from the sale of Nevada assets, enhancing financial flexibility [5][9] - Cash flow from operations before changes in non-cash working capital was $322.1 million, indicating strong operational cash generation [9][10] Strategic Outlook - With the ramp-up of production at Greenstone and Valentine, the company is positioned for increased Canadian production and improving cash flow as it enters 2026 [6][9] - The company is focused on maximizing per-share value through operational excellence, capital discipline, and continued debt reduction [6][9]
Centerra Gold Inc. 2025 Q3 - Results - Earnings Call Presentation (TSX:CG:CA) 2025-11-05
Seeking Alpha· 2025-11-05 23:03
Group 1 - The article does not provide any specific content related to a company or industry [1]
B2Gold Reports Q3 2025 Results
Globenewswire· 2025-11-05 23:02
Core Viewpoint - B2Gold Corp. reported strong operational and financial results for Q3 2025, with significant gold production and improved cost metrics, while also announcing a revised production guidance for the Goose Mine due to operational challenges. Production and Financial Performance - Total gold production in Q3 2025 was 254,369 ounces, including pre-commercial production from the Goose Mine, with the Fekola, Masbate, and Otjikoto mines exceeding expectations [2][3] - Consolidated cash operating costs were $780 per gold ounce produced, better than expected due to higher production and lower fuel costs [2][3] - Consolidated all-in sustaining costs were $1,479 per gold ounce sold, in line with expectations despite higher gold royalties from increased average realized gold prices [2][3] Guidance and Production Adjustments - Production guidance for the Fekola, Masbate, and Otjikoto mines remains unchanged at 890,000 to 965,000 ounces for 2025, while the Goose Mine's guidance was revised to 50,000 to 80,000 ounces due to operational delays [2][3] - Mining and processing of higher-grade ore from the Umwelt underground at the Goose Mine commenced in late October 2025 [2][3] Financial Position - At September 30, 2025, the company had cash and cash equivalents of $367 million and working capital of $35 million, reflecting a strong financial position [5][57] - The company drew $200 million under its revolving credit facility during Q3 2025 and subsequently repaid $50 million, leaving $650 million available for future drawdowns [5][57] Development Projects - An approved development decision on the Antelope underground deposit is expected to increase Otjikoto Mine production to approximately 110,000 ounces per year [2][36] - The Goose Mine achieved commercial production on October 2, 2025, with plans to ramp up to full capacity by the end of 2025 [2][42][44] Dividend Declaration - The Board of Directors declared a cash dividend of $0.02 per share for Q4 2025, payable on December 15, 2025 [4][6]
Torex Gold Reports Q3 2025 Results
Newsfile· 2025-11-05 23:00
Core Insights - Torex Gold Resources Inc. reported strong operational results for Q3 2025, returning to positive free cash flow of $113 million, indicating the potential value generation of the Morelos project [2][3][4] - The company achieved payable production of 119,034 gold equivalent ounces, on track to meet its annual guidance of 400,000 to 450,000 ounces [4][9] - An inaugural quarterly dividend of C$0.15 per share was announced, alongside a share buyback program, reflecting the company's commitment to returning capital to shareholders [3][10] Financial Performance - Revenue for Q3 2025 was $416.4 million, a significant increase from $253.9 million in the previous quarter [13] - Net income for the quarter was reported at $114.4 million, translating to earnings of $1.33 per share [13][19] - The average realized gold price reached a record of $3,548 per ounce, contributing to a quarterly all-in sustaining cost margin of 53% [9][22] Operational Highlights - The company recorded no lost-time injuries during the quarter, maintaining a lost-time injury frequency of 0.42 per million hours worked [8][13] - All-in sustaining costs for the quarter were $1,658 per ounce sold, down from $2,103 in the previous quarter [13][19] - The Media Luna project is ramping up successfully, with non-sustaining capital expenditures of $26.2 million incurred during the quarter [10][20] Strategic Initiatives - Torex completed the acquisition of Reyna Silver Corp. for $27.4 million, enhancing its exploration portfolio in Mexico [10] - The acquisition of Prime Mining Corp. was finalized, providing Torex with a 100% interest in the Los Reyes Project, valued at approximately $426.5 million [10] - The company aims to maintain production above 450,000 ounces of gold equivalent per year beyond 2030 through ongoing exploration and drilling activities [10][14]