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Golconda Gold Ltd. Releases Financial and Operating Results for Q3 2025
Globenewswire· 2025-11-26 22:00
Core Viewpoint - Golconda Gold Ltd. reported strong financial and operational results for Q3 2025, highlighting significant increases in gold production and cash generation, alongside ongoing investments in production ramp-up and debt repayment [4][9]. Financial Performance - In Q3 2025, Golconda Gold generated revenue of $9.0 million from the sale of 2,747 payable ounces of gold at an average price of $3,385 per ounce, compared to $7.7 million in Q2 2025 [9]. - The operating cash cost per payable ounce was $1,530 in Q3 2025, up from $1,436 in Q2 2025 [9][10]. - Total operating cash costs for Q3 2025 were $4,798,834, with year-to-date costs reaching $12,087,019 [8][10]. Production Highlights - The company achieved record quarterly gold production in Q3 2025, with an 18% increase compared to Q2 2025 and a 51% increase compared to Q3 2024 [4]. - A total of 40,503 tonnes of ore were mined at an average grade of 3.31 g/t, marking a 29% increase in ore mined compared to Q2 2025 [9]. - Gold production for Q3 2025 included 3,588 ounces of contained gold, with 2,823 ounces being payable [10]. Operational Developments - Significant progress was made on the refurbishment of the sub-vertical shaft and the 26 level of Galaxy, with the first ore blast occurring post-quarter end, expected to add an additional ore source in Q4 2025 [4]. - The company is targeting a restart of the Summit Mine in New Mexico in Q2 2026, which is anticipated to enhance production with a significant silver component [5]. Shareholder Actions - Following Q3 2025, the company cancelled 438,671 common shares held as security in full satisfaction of loans to certain former executive officers [5].
Barrick Completes Hemlo Transaction
Globenewswire· 2025-11-26 21:41
Core Points - Barrick Mining Corporation has completed the divestiture of the Hemlo Gold Mine to Carcetti Capital Corp. for a total consideration of up to $1.09 billion, which includes $875 million in cash and $50 million in shares, along with a contingent cash payment structure of up to $165 million starting in January 2027 [1][4] Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets, including six Tier One gold mines, operating in 18 countries across five continents [3] - The company is recognized as the largest gold producer in the United States and aims to create long-term value for stakeholders through responsible mining and strong partnerships [3]
Barrick Completes Hemlo Transaction
Globenewswire· 2025-11-26 21:41
Core Points - Barrick Mining Corporation has completed the divestiture of the Hemlo Gold Mine to Carcetti Capital Corp. for a total consideration of up to $1.09 billion [1] - The transaction includes $875 million in cash, $50 million in shares, and a contingent cash payment structure linked to gold prices, potentially totaling $165 million over five years starting January 2027 [1][4] Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets, including six Tier One gold mines [3] - The company operates in 18 countries across five continents and is the largest gold producer in the United States [3]
Kesselrun Resources Announces Shareholder and Court Approval for Plan of Arrangement with Gold X2 Mining
Newsfile· 2025-11-26 21:00
Kesselrun Resources Announces Shareholder and Court Approval for Plan of Arrangement with Gold X2 MiningNovember 26, 2025 4:00 PM EST | Source: Gold X2 Mining Inc.Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) ("Gold X2") and Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) ("Kesselrun") are pleased to announce that at the special meeting of shareholders of Kesselrun held on November 21, 2025 (the "Meeting"), Ke ...
This Gold Stock Shines With Several Spots To Buy Shares
Investors· 2025-11-26 18:26
IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC. Information in Investor's Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or su ...
SSR Mining: A Rough Q3, But The Gold Miner May Be Set To Shine (NASDAQ:SSRM)
Seeking Alpha· 2025-11-26 17:32
Group 1 - The article suggests that gold may be poised for a significant year-end rally, indicating a bullish sentiment in the market [1] - A bullish symmetrical triangle continuation pattern is identified in the gold market, with a target price of approximately $4610 based on the depth of the consolidation [1] Group 2 - The author emphasizes the importance of using empirical data and charts to communicate financial narratives effectively [1] - The content is aimed at making financial information relevant and accessible to everyday investors [1]
SSR Mining: A Rough Q3, But The Gold Miner May Be Set To Shine
Seeking Alpha· 2025-11-26 17:32
Group 1 - The article suggests that gold may be poised for a significant year-end rally, indicating a bullish sentiment in the market [1] - A bullish symmetrical triangle continuation pattern is identified in the gold market, with a target price of approximately $4610 based on the depth of the consolidation [1] Group 2 - The author emphasizes the importance of using empirical data and charts to communicate financial narratives effectively [1] - The content is aimed at making financial information relevant and accessible to everyday investors [1]
Eldorado Gold grows reserves by 5%
MINING.COM· 2025-11-26 17:22
Sign at Lamaque complex. Credit: Eldorado Gold Eldorado Gold (TSX: ELD; NYSE: EGO) says it has increased its mineral reserve base in support of a strong production outlook for the coming years. Shares of the company edged higher.The total reserves, as of the end of September, were estimated at 371.7 million tonnes grading 1.05 grams per tonne gold, for approximately 12.5 million oz. of contained gold. The total ounces were 5% higher than the same time last year.The Canadian gold miner attributed the reserve ...
BASFY Launches Advanced Dispersant Production Line in China
ZACKS· 2025-11-26 17:01
Core Insights - BASF SE has launched a new high-performance dispersant production line in Nanjing, China, utilizing Controlled Free Radical Polymerization (CFRP) technology to enhance local production capabilities [1][2][7] - The expansion aims to improve supply reliability and flexibility, supporting the rapidly growing coatings sector in China while providing lower-carbon dispersants [2][7] - This development aligns with BASF's long-term commitment to innovation and sustainable industry growth in China, coinciding with the company's 140th anniversary in the country [3][7] Company Performance - BASF's shares have increased by 21.9% over the past year, contrasting with a 25.4% decline in the industry [5] - The company currently holds a Zacks Rank of 3 (Hold), indicating a stable outlook compared to other stocks in the Basic Materials sector [6] Market Context - The introduction of CFRP technology is expected to enhance performance in pigment dispersion, color performance, and system stability, catering to performance-driven markets [2][7] - The Nanjing site has been a strategic specialty chemical production base for BASF since its establishment in 2007, emphasizing the company's focus on local collaboration and sustainable development in the Asia-Pacific region [3]
Gold ETFs That Investors Can Consider as the Metal Extends Its Rally
ZACKS· 2025-11-26 16:26
The yellow metal is already up about 58.71% year to date, supported by robust central-bank buying, steady retail demand, a weakening dollar, and rising market and economic volatility. Gold prices have gained 25.74% over the past six months and 2.43% over the past five days.According to Reuters, gold prices jumped recently, reaching a two-week high, supported by U.S. economic data that reinforced expectations of a December Fed rate cut and weighed on the dollar.As per the abovementioned Reuters article, U.S. ...