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K92 Mining Reports Surface Contractor Fatality
Globenewswire· 2026-02-06 11:52
Core Viewpoint - K92 Mining Inc. reported a fatal incident involving a contractor during roadwork activities near the Kumian Creek Contractor Camp, with a comprehensive investigation underway and no impact on underground mining or project timelines [1][2][3]. Group 1: Incident Details - A contractor supporting roadwork activities suffered a fatal injury on February 3, 2026, near the Kumian Creek Contractor Camp, approximately 1.5 km NE of the process plant [1]. - K92 Mining's Emergency Services responded immediately, and the contractor's activities have been temporarily paused to facilitate the investigation [2]. - The company is providing support and counseling to affected individuals during this challenging time, emphasizing safety and adherence to industry best practices [2]. Group 2: Operational Impact - Underground mining and processing activities have not been impacted by the incident, and minimal impact on project construction timelines is expected [3]. - K92 Mining is focused on becoming a Tier 1 mid-tier producer through ongoing plant expansions and has a strong financial position [3]. Group 3: Company Overview - K92 Mining Inc. is engaged in the production of gold, copper, and silver at the Kainantu Gold Mine in Papua New Guinea, having declared commercial production in February 2018 [3]. - The company completed a maiden resource estimate on the Blue Lake copper-gold porphyry project in August 2022 [3].
Mineros S.A. Announces 2026 Guidance: A Disciplined Approach to Production Growth and Strategic Expansion
Businesswire· 2026-02-06 11:31
Core Viewpoint - Mineros S.A. announces its production and cost guidance for 2026, focusing on maximizing near-term production while preparing for long-term growth through technical evaluations [1] Group 1: Production Strategy - The company aims to capitalize on the current gold price environment by optimizing near-term production [1] - A dual-track strategy is being implemented, balancing immediate production goals with long-term growth plans [1] Group 2: Financial Outlook - Mineros is providing consolidated gold production guidance for 2026, although specific figures are not detailed in the announcement [1] - The emphasis is on strategic capital allocation to enhance operational efficiency and production output [1]
Newcore Gold starts PFS at Enchi Gold Project in Ghana
Yahoo Finance· 2026-02-06 11:04
Newcore Gold has initiated a pre-feasibility study (PFS) for its Enchi Gold Project in Ghana, with plans to finalise it by the end of the first half of 2026. Lycopodium Minerals Canada of Toronto is leading the study, with contributions from Fuse Advisors, Knight Piesold and DRA Global. The PFS will build on the 2024 preliminary economic assessment (PEA) and will incorporate results from fieldwork and testwork completed in 2024 and 2025. This includes around 30,000m of additional drilling, metallurgica ...
Scorpio Gold Drills 41.22 Metres Grading 0.44 g/t Gold, from 91.29 Metres Along the Reliance Trend at the Manhattan District, Nevada
TMX Newsfile· 2026-02-06 11:00
Core Viewpoint - Scorpio Gold Corp. has announced positive results from its 2025 drilling program at the Manhattan District Project in Nevada, reinforcing the geological model and indicating potential for significant gold mineralization [1][2]. Drilling Results - The company has completed 42 drill holes in the Phase Two diamond drilling program, totaling 13,489 meters, with assays reported for 30 holes amounting to 9,658 meters, while assays for 12 holes totaling 3,831 meters are pending [1][2]. - Notable results include Hole 25MN-039, which returned 0.44 g/t gold over 41.22 meters, and Hole 25MN-037, which contained multiple intervals with grades ranging from 0.20 g/t to 1.37 g/t gold [6][7][8]. Geological Insights - The drilling results continue to support the geological model at Manhattan, particularly along the Reliance Trend, where broad zones of consistent gold mineralization have been observed [2][3]. - Historical and current geological mapping, combined with oriented core diamond drill holes, has enhanced confidence in the structural framework of the Manhattan project [3]. Project Overview - The Manhattan District is located in the Walker Lane Trend of Nevada and is approximately 20 kilometers south of the Round Mountain Gold Mine, which has produced over 15 million ounces of gold [21]. - The maiden mineral resource estimate for the project indicates 18,343,000 tonnes grading 1.26 g/t gold, totaling 740,000 ounces of contained gold in the inferred category [21]. Future Exploration - The company is well-positioned to deliver a steady flow of results as it advances the project across multiple target areas, with twelve additional holes completed and awaiting assays [2][6].
Roscan Gold Announces Fully Subscribed C$1.5 Million Convertible Note Financing
TMX Newsfile· 2026-02-06 11:00
Financing Details - Roscan Gold Corporation has entered into a binding term sheet for a fully subscribed financing of C$1,500,000 through a private placement of secured convertible notes [1] - The secured convertible notes will carry a 12% coupon over a one-year term, with a conversion price of C$0.20 per common share [1][2] - The gross proceeds from the private placement will be used for general working capital purposes [2] Terms and Conditions - The notes are convertible at the option of the note holder into common shares at any time prior to the maturity date or any date set for redemption [2] - The offering is subject to customary closing conditions and approvals from applicable securities regulatory authorities, including the TSX Venture Exchange [3] - All securities issued in connection with the private placement will be subject to a hold period of four months plus a day from the date of issuance [3] Company Overview - Roscan Gold Corporation is a Canadian gold exploration company focused on acquiring and exploring gold properties in West Africa [4] - The company has a significant land position with 100%-owned permits in an area with producing gold mines, including proximity to B2 Gold's Fekola Mine [4]
Resolute Mining secures permit for Doropo Gold Project
Yahoo Finance· 2026-02-06 09:17
Resolute Mining has secured a mining permit for the Doropo Gold Project from the Council of Ministers in Côte d'Ivoire. The permit, valid for 14 years with potential extensions, marks a key step for the Africa-focused gold mining company as it aims to become a leading multi-asset gold producer in West Africa. The approval serves as the final governmental endorsement needed for Resolute Mining to initiate the development and operation of the Doropo Gold Project. An official Presidential Decree is antici ...
West Red Lake Gold Grants Equity Incentive Awards
Globenewswire· 2026-02-06 02:16
Core Viewpoint - West Red Lake Gold Mines Ltd. has announced the grant of stock options, restricted share units (RSUs), and deferred share units (DSUs) as part of its compensation plans for officers and directors [1][3]. Group 1: Stock Options - Officers of the Company were granted a total of 4,839,269 stock options, which will vest over a three-year period with 25% vesting in three months from the grant date and the remaining 75% vesting on the first, second, and third anniversaries of the grant date [2]. - The stock options have an exercise price of $1.10 and are exercisable for a five-year period from the date of grant [2]. Group 2: Restricted Share Units (RSUs) and Deferred Share Units (DSUs) - A total of 2,845,503 RSUs were granted to officers, which will vest over three years in three equal tranches on the first, second, and third anniversaries of the grant date [3]. - Additionally, 594,594 DSUs were granted to non-executive directors, which will vest on the first anniversary of the grant date [3]. Group 3: Company Overview - West Red Lake Gold Mines Ltd. is focused on advancing and developing its flagship Madsen Gold Mine and holds a highly prospective land package of 47 km in the Red Lake district of Ontario, known for its rich gold deposits [5]. - The Red Lake Gold District has produced over 30 million ounces of gold from high-grade zones and includes the wholly owned Rowan Property, which covers 31 km and includes three past-producing gold mines [5].
LaFleur Minerals Announces Grant of Stock Options
TMX Newsfile· 2026-02-06 01:14
Group 1 - LaFleur Minerals Inc. has granted incentive stock options to management and consultants to acquire a total of 1,000,000 common shares at a price of $0.50 per share for a period of three years [1] - The company is focused on developing district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, with a particular emphasis on the Swanson Gold Project and the Beacon Gold Mill [2] - The Swanson Gold Project spans approximately 16,600 hectares (166 km²) and includes several gold-rich prospects previously held by other mining companies [2] Group 2 - The Swanson Gold Project is strategically located with easy access via road and a rail line, enhancing its development potential [2] - The Beacon Gold Mill is fully refurbished and permitted, capable of processing over 750 tonnes per day, and is being considered for processing mineralized material from the Swanson project as well as custom milling for other nearby projects [2]
Besra Gold Sets Meeting Date for Requisitioned Meeting
TMX Newsfile· 2026-02-05 23:41
Perth, Western Australia--(Newsfile Corp. - February 5, 2026) - Besra Gold Inc (ASX: BEZ) (the "Company") announces that it has scheduled a special meeting of shareholders (the "Special Meeting") in response to a shareholder requisition submitted by shareholders of the Company (the "Requisitioning Shareholders"), who collectively hold 5.38% of the Company's outstanding shares, pursuant to Section 143 of the Canada Business Corporations Act (the "Act"). The Special Meeting is scheduled to be held at 9:00 a. ...
Kinross Gold: Defensive For A Miner, But Gold Risk Still Rules (NYSE:KGC)
Seeking Alpha· 2026-02-05 23:02
Core Insights - Kinross Gold Corporation (KGC) is strategically positioned within the mining sector, leveraging peak cycle cash flows to enhance its financial strength amid elevated gold prices and wide industry margins [1] Company Overview - KGC is utilizing its strong cash flows during a peak cycle to bolster its financial position, indicating a proactive approach to capitalizing on favorable market conditions [1] Industry Context - The current environment features elevated gold prices, which are contributing to wider margins across the mining industry, suggesting a potentially lucrative period for companies like KGC [1]