Xtra-Gold Expands Gold Mineralization Along Strike and at Depth at the Orange No. 5 Resource Expansion Target, Kibi Gold Project, GhanaAugust 26, 2025 9:00 AM EDT | Source: Xtra-Gold Resources Corp.Toronto, Ontario--(Newsfile Corp. - August 26, 2025) - Xtra-Gold Resources Corp.  (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company"), is pleased to announce further positive assay results for an additional 42 diamond core drillholes totalling 8,207.5 m from its current resource expansion targe ...

Valkea Resources Commences Fall Exploration Program at the Paana Project and Appoints Exploration Manager in FinlandAugust 26, 2025 7:30 AM EDT | Source: Valkea ResourcesVancouver, British Columbia--(Newsfile Corp. - August 26, 2025) - Valkea Resources Corp. (TSXV: OZ) (the "Company" or "Valkea") is pleased to announce that it has commenced its multidisciplinary exploration program across its 100% owned Paana Project, northern Finland. Diamond drilling at Paana will first focus on disseminated ...

Pasofino Gold Completes Its Phase One Gap Analysis Update to the 2022 Feasibility StudyProvides an update on the Mineral Development Agreement in respect of the Dugbe ProjectAugust 26, 2025 7:00 AM EDT | Source: Pasofino Gold LimitedToronto, Ontario--(Newsfile Corp. - August 26, 2025) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it has completed its Phase One update to the 2022 feasibility of the Dugbe Gold Project (" ...

Infographic 1 Infographic 1 Infographic 2 Infographic 2 Infographic 3 Infographic 3 Infographic 4 Infographic 4 Infographic 5 Infographic 5 Infographic 6 Infographic 6 100% of the drill holes completed to date on Surebet have intersected substantial quartz-sulphide mineralization and 95% of drill holes completed thus far in 2025 contain gold visible to the naked eye (“VG-NE”). This clearly demonstrates the continuity and predictability of this expansive gold-rich system.Drilling at t ...

Core Viewpoint - Robex Resources Inc is on track to achieve its first gold pour at the Kiniero Gold Project in Guinea by Q4 CY25, with construction progressing well and remaining within budget and schedule [9][25]. Construction Progress - Construction at the Kiniero Gold Project is on schedule, with significant milestones achieved, including 3,917,695 hours worked since January 2023 without lost time injuries [3]. - Concrete works for the process plant and power station are nearing completion, with the oxide crusher ROM wall and power station fuel tanks expected to be finalized in August 2025 [12]. - Field erected tankage is 83% completed, and both CIL tank trains have been completed with intertank launders installed [3][13]. - The Structural, Mechanical & Piping (SMP) works are progressing well, with 370 tonnes (22% complete) erected or preassembled [15]. Drilling and Analysis - Drilling at the Sabali pit continued, with 35,518 meters drilled in July 2025, and 32,184 samples pending analysis [3][11]. - Grade control drilling has focused on Sabali, with results expected to be released in the coming weeks [11]. Equipment and Contractor Mobilization - Mobilization of the Mining Services Contractor is progressing as planned, with 70% of Tranche 1 equipment delivered to the site [19]. - The electrical team is actively working on cable ladder installations, with all switchroom ladder installations nearing completion [17]. Next Steps - The company plans to continue the erection of steelwork within the process plant, mechanical equipment installation, and commence piping installation as materials arrive [24]. - The laboratory and power station operation and maintenance contracts are set to be awarded, alongside ongoing mining development works and drilling at the Sabali pit [24].

Core Viewpoint - Robex Resources Inc is on track to achieve its first gold production at the Kiniero Gold Project in Guinea by Q4 CY25, with construction progressing well and remaining within budget and schedule [12][30]. Construction Progress - Construction at the Kiniero Gold Project is on schedule, with significant milestones achieved, including 3,917,695 hours worked since January 2023 without lost time injuries [4]. - Concrete works for the process plant and power station are nearing completion, with the oxide crusher ROM wall and power station fuel tanks expected to be finalized in August [15]. - Field erected tankage is 83% completed, and both CIL tank trains have been completed with intertank launders installed [16]. - The SAG mill installation is progressing, with six shell segments erected and flange bolting ongoing [18]. Drilling and Analysis - Drilling at the Sabali pit has continued, with over 35,000 meters drilled in July, and results are pending analysis [14]. - The company anticipates releasing results from the Sabali drilling program in the coming weeks [14]. Equipment Mobilization - The mobilization of the Mining Services Contractor is progressing as planned, with 70% of Tranche 1 equipment delivered to the site [22]. - The remaining equipment for Tranche 1 is expected to arrive by August 30, 2025, with Tranche 2 delivery planned for September 30, 2025 [22]. Next Steps - The company plans to continue the erection of steelwork within the process plant, mechanical equipment installation, and piping installation as materials arrive on site [29]. - The completion of the power station building steel erection and the commencement of auxiliary equipment installation are also on the agenda [29].

Goldstorm Metals Commences IP Geophysical Survey on the Crown Property, Located in the Golden Triangle of British ColumbiaAugust 26, 2025 4:00 AM EDT | Source: Goldstorm Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - August 26, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to announce that the Induced Polarization (IP) geophysical program (the "Program") has commenced at the Company's 100%-owned Crown Property, which covers approxi ...

Core Viewpoint - Scorpio Gold Corporation has successfully completed the sale of its subsidiary Mineral Ridge Gold, LLC, which strengthens its financial position and allows for a focused strategy on its flagship Manhattan District project [1][3]. Financial Details - The total cash purchase price for the sale was US$7,500,000, with US$5,000,000 already advanced to the company, US$1,500,000 held in escrow for indemnification, and an additional US$1,000,000 to be paid in August 2026 [2]. Strategic Implications - The divestment of the non-core asset is expected to eliminate ongoing holding costs and provide non-dilutive capital to advance the Manhattan District project, which is considered one of Nevada's most promising gold districts [3]. Company Overview - Scorpio Gold holds a 100% interest in the Manhattan District project, which spans approximately 4,780 hectares and includes the Goldwedge Mine and four past-producing pits acquired from Kinross in 2021 [4].

Core Insights - Pan American Silver (PAAS) and Hecla Mining (HL) are prominent players in the mining sector, focusing on silver and other metals like gold, lead, and zinc [1][3]. Silver and Gold Market Overview - Silver prices have increased by 35% this year, currently at $38.80 per ounce, the highest since 2011, driven by expectations of U.S. Federal Reserve policy easing [2] - Gold prices have risen by 28.5% year-to-date, supported by safe-haven demand and geopolitical tensions [2] - Strong industrial demand for silver is anticipated, particularly from the solar energy sector and electronic applications [2] - The Silver Institute forecasts a continued deficit in the silver market through 2025, which is expected to support higher prices [2] - The outlook for gold remains robust due to geopolitical tensions and central bank purchases [2] Pan American Silver (PAAS) Highlights - Pan American Silver operates 12 mines across the Americas and is a leading producer of silver and gold [4] - As of June 30, 2024, PAAS's proven and probable mineral reserves include 468 million ounces of silver and 6.9 million ounces of gold, with an expected increase of 58 million ounces from the acquisition of MAG Silver Corp. for $2.1 billion [5][6] - The company reported an 18% year-over-year revenue increase to $812 million in Q2, with adjusted earnings per share rising 291% to 43 cents [7] - Record cash flow from operations reached $293.4 million, with total liquidity of $1.859 billion and a 20% dividend increase to 12 cents per share [8] - The all-in sustaining costs (AISC) for silver were $19.69 per ounce in Q2, with expectations for 2025 AISC to improve to $16.25 - $18.25 per ounce [9] - PAAS produced 5.1 million ounces of silver and 178.7 thousand ounces of gold in Q2, on track to meet 2025 guidance of 20-21 million ounces of silver and 735,000-800,000 ounces of gold [10] Hecla Mining (HL) Highlights - Hecla Mining produces over 45% of the silver in the U.S. and operates mines in Alaska, Idaho, Quebec, and Yukon [14] - Proven and probable silver reserves were 240 million ounces as of the end of 2024, with gold reserves at 2.2 million ounces [15] - The company reported record revenues of $304 million in Q2, a 24% increase year-over-year, with earnings up 300% to eight cents per share [15] - Hecla produced 4.52 million ounces of silver and 45,895 ounces of gold in Q2, projecting silver production of 15.5-17 million ounces for 2025 [16] - AISC per ounce of silver was $5.19 in Q2, with expectations for 2025 AISC at $11.00-$13.00 [17] Comparative Analysis - In the past three months, PAAS stock gained 35.2%, while HL stock surged 54.7% [22] - PAAS trades at a forward price-to-sales (P/S) multiple of 3.38X, below the industry average of 4.28X, while HL trades at 4.48X [23] - Earnings estimates for PAAS indicate a 150.6% growth for 2025, while HL's estimates show a 145.5% improvement [19][20] Investment Outlook - Both companies are well-positioned to benefit from rising silver and gold prices, with PAAS's acquisition of MAG Silver enhancing its growth outlook despite uncertainties surrounding the Escobal mine [25] - Hecla Mining's strong fundamentals and low-cost operations make it a compelling investment choice, currently rated as a Zacks Rank 2 (Buy), while PAAS holds a Zacks Rank 3 (Hold) [26]

Core Viewpoint - Omai Gold Mines Corp. has significantly increased its Mineral Resource Estimate (MRE) for its Omai Gold Property in Guyana, with notable expansions in both the Indicated and Inferred resources at the Wenot and Gilt Creek deposits, positioning the project as one of the largest gold projects in the region [4][33]. Summary by Category Mineral Resource Estimates - The updated MRE includes Indicated resources of 2,121,000 ounces of gold at an average grade of 2.07 g/t Au, and Inferred resources of 4,382,000 ounces at an average grade of 1.95 g/t Au [3][9]. - The Wenot Deposit's Inferred MRE increased by 130% to 3,717,000 ounces at a grade of 1.82 g/t Au, while the Indicated MRE rose by 16% to 970,000 ounces at a grade of 1.46 g/t Au [3][4]. Deposit Details - The Omai Property hosts two main deposits: the Wenot Deposit, which utilizes both open pit and underground mining methods, and the Gilt Creek Deposit, which is primarily underground [2][4]. - The Gilt Creek Deposit has an Indicated MRE of 1,151,000 ounces averaging 3.22 g/t Au, and an Inferred MRE of 665,000 ounces averaging 3.35 g/t Au [8][17]. Economic and Technical Assumptions - The updated MRE is based on a gold price assumption of $2,500 per ounce, which allowed for a lower cutoff grade of 0.30 g/t Au compared to the previous 0.35 g/t Au [12][24]. - The MRE incorporates extensive drilling data, with 639 diamond drill holes and 12,028 assay results for the Wenot Deposit, and 46 drill holes with 7,056 assay results for the Gilt Creek Deposit [11][21]. Future Plans - The company plans to continue aggressive drilling to further expand the gold zones at both deposits and aims to advance towards a Feasibility Study by late 2026 [5][34]. - An updated Preliminary Economic Assessment (PEA) is expected to be completed in late 2025, incorporating the expanded MRE for both deposits [24][34].