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Canaccord Genuity Initiates Coverage on AngloGold Ashanti Limited with a "Buy" Rating
Financial Modeling Prep· 2026-02-09 13:02
Group 1: Company Overview - Canaccord Genuity initiated coverage on AngloGold Ashanti Limited (NYSE:AU) with a "Buy" rating on February 9, 2026, when AU's stock price was $103.95 [1] - AU's market capitalization is approximately $52.48 billion, with a trading volume of 2,730,167 shares [4] Group 2: Market Conditions - Gold prices have recently rebounded, closing above $5,000 per ounce, driven by geopolitical tensions, a weaker U.S. dollar, and increased demand [2] - The rise in gold prices is nearly 15% year to date, benefiting gold mining companies like AU and Gold Fields Limited [2] Group 3: Stock Performance - AU's stock price has increased by $5.36, a 5.44% rise, reflecting positive sentiment in the gold market [3][6] - Over the past year, AU's stock reached a high of $115.81 and a low of $28.45, indicating significant volatility [3] Group 4: Investment Outlook - The increase in gold prices is supported by central bank purchases, supply constraints, and rising industrial demand, creating optimism for gold miners like AU [4] - Investing in gold mining stocks with a favorable Zacks Rank is considered prudent, given the current market conditions and the positive outlook for gold miners [5]
Rockland Announces Ewan Downie as Technical Advisor
Thenewswire· 2026-02-09 13:00
Core Viewpoint - Rockland Resources Ltd. has appointed Mr. Ewan Downie as Technical Advisor, bringing over 20 years of experience in the Red Lake Mining District, which is expected to enhance the company's exploration efforts, particularly at the historic Cole Gold Mines Project [1][2][4]. Group 1: Appointment of Technical Advisor - Mr. Ewan Downie has extensive experience in exploration and development in the Red Lake Mining District, having participated in the discovery of multiple gold deposits [2]. - Downie expressed enthusiasm for the Cole Gold Mines Property, noting that it has not undergone modern exploration since 1973, indicating significant potential for new discoveries [3]. - The CEO of Rockland, Mike England, highlighted Downie's geological expertise as invaluable for advancing the Cole Gold Mines Project [4]. Group 2: Financing Initiatives - Rockland has arranged a non-brokered private placement of up to 1.25 million units at a price of $0.20 per unit, aiming for gross proceeds of $250,000, with proceeds designated for advancing the Cole Gold Mines Project and general working capital [4]. - Additionally, the company plans a non-brokered private placement of up to 1,000,000 flow-through shares at a price of $0.25 per share, also targeting gross proceeds of $250,000, with proceeds to be used for the Cole Gold Mines Project [5]. - Each flow-through unit will consist of one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at $0.35 for 24 months [6].
NOVAGOLD & Paulson Select Fluor as Donlin Gold’s Partner to Lead Bankable Feasibility Study
Globenewswire· 2026-02-09 13:00
Core Viewpoint - NOVAGOLD and Donlin Gold Holdings have selected Fluor Corporation to lead the Bankable Feasibility Study (BFS) for the Donlin Gold project in Alaska, marking a significant step towards financing and development of the project [1][5]. Company Overview - NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project, which is considered one of the largest and highest-grade open-pit gold deposits globally, with approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories [11]. - Donlin Gold Holdings, wholly owned by Paulson Advisers LLC, holds a 40% stake in the Donlin Gold project, sharing equal voting and operating control with NOVAGOLD [12]. Project Development - The BFS is being conducted with a disciplined approach, integrating scope, engineering, cost, and schedule to ensure a high-quality, investment-grade study, expected to be completed in 2027 [2][4]. - Fluor will coordinate with Specialist Contractors on key infrastructure components, including the power plant and natural gas pipeline, and will primarily conduct BFS work from its Canadian offices [4][6]. Next Steps - Requests for proposals for Specialist Contractors were issued in Q4 2025, covering essential project components that will be incorporated into the BFS [7]. - Management is actively recruiting for critical roles to build the owner's project team while advancing site activities, including geotechnical drilling and materials assessments [8][9]. Production Potential - The Donlin Gold project is anticipated to produce over one million ounces of gold annually over a 27-year mine life once in production [11].
Gold price today, Wednesday, February 11: Gold’s first move above $5,100 since Jan. 30
Yahoo Finance· 2026-02-09 12:22
Group 1: Gold Price Movement - Gold futures opened at $5,126.40 per troy ounce, marking a 1.9% increase from the previous day's closing price of $5,031, the first time gold has surpassed $5,100 since January 30 [1] - The increase in gold prices follows weaker-than-expected U.S. retail data, which showed December retail and food service sales were nearly unchanged from the prior month, contrary to analysts' expectations of a 0.4% growth [1][2] - Gold's price increase is supported by soft retail sales and weak hiring trends, which bolster the case for lower interest rates that benefit gold investments [3] Group 2: Economic Indicators - The Trump Administration indicated that the upcoming December jobs report is expected to be disappointing, with ADP's employment data showing the U.S. economy added only 37,000 private jobs in December and 22,000 in January, significantly lower than economists' expectations [2] - The one-year gain for gold as of January 29 was reported at 95.6%, with increases of 4.1% over the past week and 14.6% over the past month [4][8] Group 3: Investment Options in Gold - Various methods to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures, each with distinct advantages and disadvantages [6][9] - Physical gold is tangible and easy to purchase, while gold mining stocks can be volatile due to their profits being tied to gold prices and exposure to geopolitical risks [12][18] - Gold ETFs track the price of gold and can invest in physical gold, mining stocks, or futures, with the largest being SPDR Gold Shares, which is backed by physical gold stored in vaults [19][23]
Talisker Intersects 52.2 g/t Au over 0.55 metres, within 19.15 g/t over 1.60 metres, from the 2025 Bralorne Gold Project Resource Conversion Program
Globenewswire· 2026-02-09 12:00
Core Insights - Talisker Resources Ltd. announced the results from the final 30 drill holes completed in late 2025, primarily focusing on extensions of major ore veins at the Mustang Mine [1][2] Drill Program Overview - In 2025, Talisker completed a total of 35 underground diamond drill holes totaling 7,515 meters and 15 surface diamond drill holes totaling 5,367 meters [3] - The underground drilling targeted infill drilling of the Alhambra, BK, and BK-9870 veins, while surface drilling focused on the 101, 55 HW, 278, and 55 veins within the Mustang Mine [3] Exploration Results - The company reported high-grade and consistent infill results, particularly from the Bralorne West zone veins, which are critical as underground development progresses towards this area [4] - Significant assay results include: - SB-2025-001: 30.50 g/t Au over 0.50 m within 10.21 g/t Au over 1.75 m on the 101 Vein - SB-2025-002: 32.70 g/t Au over 0.65 m within 12.18 g/t Au over 1.75 m on the 101 Vein - SB-2025-010: 33.60 g/t Au over 0.55 m within 15.76 g/t Au over 1.65 m on the 278 Vein [6][7] Drill Hole Details - The drill holes are located in the Mustang Mine, intersecting major vein structures that include orogenic quartz-carbonate veins with banded sulfide septae [4] - The drill collar locations and orientations are provided, indicating the precise positioning and angles of the drill holes [10][12] Company Background - Talisker Resources Ltd. is a junior resource company focused on the exploration and development of gold projects in British Columbia, Canada, with the Mustang Mine being its flagship asset [14]
Osisko Development Awards Project and Construction Management Services Contract for the Development of the Cariboo Gold Project
Globenewswire· 2026-02-09 12:00
Core Viewpoint - Osisko Development Corp. has entered into a Project and Construction Management Services Agreement with JDS Energy & Mining Inc. for the development of the Cariboo Gold Project in British Columbia, indicating a strategic partnership aimed at enhancing project delivery and execution [1][2]. Company Overview - Osisko Development Corp. is focused on developing past-producing mining camps with district-scale potential, aiming to become an intermediate gold producer through its flagship Cariboo Gold Project, which is fully permitted and 100%-owned [3]. - The company also has a project pipeline that includes the Tintic Project in Utah, which has significant exploration potential and access to established infrastructure [3]. - Osisko Development emphasizes developing long-life mining assets in mining-friendly jurisdictions while maintaining disciplined capital allocation and development risk management [3]. JDS Energy & Mining Inc. Overview - JDS Energy & Mining Inc. is a mining services company based in Western Canada, founded in 2004, known for its skilled team and proven track record in delivering projects on budget and schedule [2]. - The company has experience in managing projects from concept through operations and reclamation, with past projects including the Minto Mine, Gahcho Kue Mine, and Silvertip Mine [2].
Westhaven Lists on the OTCQB Venture Market
Globenewswire· 2026-02-09 12:00
VANCOUVER, British Columbia, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (“Westhaven” or the “Company”) is pleased to announce that the Company's stock will commence trading on the OTCQB Venture Market (“OTCQB”), effective today, February 9, 2026, under the symbol "WTHVF". Ken Armstrong, President & CEO of Westhaven, commented, “Listing Westhaven on the OTCQB increases our visibility and enhances trading accessibility for U.S. investors, providing a more efficient way ...
Surge Announces Global Engineering Leader Fluor Corporation to Lead Pre-Feasibility Study at Nevada North Lithium Project
TMX Newsfile· 2026-02-09 12:00
West Vancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - Surge Battery Metals Inc. (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5C) (the "Company" or "Surge") is pleased to announce that Nevada North Lithium LLC (NNL), the joint venture formed by Surge and Evolution Mining Limited (Evolution) has selected Fluor Enterprises, Inc. ("Fluor") as the lead engineering firm to lead the Pre-Feasibility Study ("PFS") at its flagship Nevada North Lithium Project ("NNLP").The selection of Fluor, one of the worl ...
Azimut Confirms Significant Gold Discovery at Rosa, Wabamisk Property, James Bay, Québec
Globenewswire· 2026-02-09 11:30
Highlights include 3.26 g/t Au over 9.35 m within 28.90 m grading 1.29 g/t AuGold zone traced over 1.4 kilometres, open in all directionsFollow-up 2,000-metre drilling program underway to accelerate expansion LONGUEUIL, Québec, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) announces the complete results from its maiden diamond drilling campaign on the Rosa Zone (“Rosa”) at its wholly owned Wabamisk Property in the Eeyou Istchee James Bay reg ...
Hemlo Mining Announces Adoption of Shareholder Rights Plan
Prnewswire· 2026-02-09 11:30
TORONTO, Feb. 9, 2026 /PRNewswire/ - Hemlo Mining Corp. (TSXV: HMMC) ("Hemlo Mining" or the "Company"), today announced that the board of directors of the Company (the "Board")  has approved the adoption of a shareholder rights plan (the "Rights Plan"), pursuant to a shareholder rights plan agreement entered into with Odyssey Trust Company, as rights agent, dated as of February 9, 2026 (the "Effective Date"). The Rights Plan is consistent with shareholder rights plans adopted by other Canadian public compa ...