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Here’s Why Alamos Gold (AGI) Surged in Q3
Yahoo Finance· 2025-11-03 13:07
Core Insights - The third-quarter 2025 investor letter from Aristotle Capital Boston, LLC indicates that U.S. small/mid-cap equities performed well, with the strategy returning 2.57% net of fees, underperforming the Russell 2500 Index's 9.00% total return [1] Company Overview - Alamos Gold Inc. (NYSE:AGI) is a gold producer focused on exploring and developing gold deposits [2][3] - The company reported a one-month return of -11.37% but a significant 53.11% increase in share value over the past 52 weeks, closing at $30.79 per share with a market capitalization of $13.01 billion on October 31, 2025 [2] Financial Performance - In the third quarter, Alamos Gold Inc. sold approximately 136,500 ounces of gold at an average realized price of $3,359 per ounce, resulting in record revenues of $462 million [4] - The company is expected to increase its production from 600,000 ounces to 1 million ounces per year over the next five years, supported by rising gold prices as an inflation hedge [3] Investment Perspective - The investment strategy maintains a position in Alamos Gold Inc. due to its lower geopolitical risk profile and strong operational track record [3] - Despite the potential of Alamos Gold Inc., there are suggestions that certain AI stocks may offer greater upside potential and less downside risk [4]
Rio2 Announces Receipt of US$50 Million From Wheaton Precious Metals
Globenewswire· 2025-11-03 13:00
VANCOUVER, British Columbia, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or “the Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) announces that, further to its news releases dated November 16, 2021, March 29, 2022, October 21, 2024, March 24, 2025, and July 25, 2025, it has received a fourth and final deposit payment of US$50,000,000 (the “Fourth Deposit”) from Wheaton Precious Metals International Ltd. (“WPMI”) in connection with the previously announced amended and restated precious metals purchas ...
Quartz Drilling Intersects 123 m of 0.79 g/t AuEQ and 315 m of 0.73 g/t AuEQ Discovering Gold-Rich Porphyry System and Significantly Expanding Prodigy Mineralization
Accessnewswire· 2025-11-03 12:45
Unique Au-Rich Porphyry Discovery is Closely Integrated with Epithermal Au-Ag-Mo-Cu System at Maestro Project, British Columbia VANCOUVER, BC / ACCESS Newswire / November 3, 2025 / Quartz Mountain Resources Ltd. (TSXV:QZM)(OTC Pink:QZMRF) ("Quartz" or the "Company") is pleased to announce assay results from the Phase 3 drill program conducted on its Maestro property located 15 km north of Houston, British Columbia ("BC"). ...
Omai Gold Drills 20.33 g/t Au over 5.3m and 2.72 g/t Au over 16.3m from Exploration Targets and Drilling Continues at Wenot with 5 Rigs
Newsfile· 2025-11-03 12:35
Core Insights - Omai Gold Mines Corp. has reported positive assay results from its drilling activities at the Omai Gold Project in Guyana, highlighting significant gold mineralization in two exploration targets near the Wenot and Gilt Creek deposits [1][4][32] - The company is currently operating five drilling rigs at the Wenot deposit, aiming to complete an additional 8,000 meters of drilling by the end of the year [2][4] Exploration Results - The BBH target drilling results include hole 25ODD-131, which returned 20.33 g/t Au over 5.3m, including 35.61 g/t Au over 3m, and hole 25ODD-135, which returned 2.72 g/t Au over 16.3m, including 9.05 g/t Au over 4m [6][17] - The Camp Zone target has also shown promising results, with significant intersections such as 2.05 g/t Au over 7.5m and 0.85 g/t Au over 12.7m [17][19] Drilling Activities - A total of 64 drill holes have been completed in 2025, totaling 30,297 meters, with ongoing drilling at the Wenot deposit [1][4] - The deep hole 25ODD-122 reached a depth of 2,014m, intersecting approximately 280m of the Wenot shear corridor at a depth of about 1,120m, indicating potential for further resource expansion [2][20] Future Plans - The company plans to further model the identified exploration targets to guide additional drilling, aiming to define satellite deposits that could enhance early cash flow and overall net present value (NPV) [4][32] - An updated Preliminary Economic Study (PEA) is scheduled for H1 2026, which will incorporate the expanded Wenot open pit deposit and adjacent Gilt Creek underground deposit [32]
Nevada Sunrise Commences Fall 2025 Exploration at the Griffon Gold Mine Project, Nevada
Newsfile· 2025-11-03 12:30
Core Insights - Nevada Sunrise Metals Corporation has initiated surface exploration at the Griffon Gold Mine Project located in White Pine County, Nevada, which is part of the Battle Mountain-Eureka Gold Belt, known for its rich gold deposits [1][3] Exploration Program Highlights - APEX Geoscience has been contracted to conduct the Fall 2025 exploration program, focusing on high-priority target areas identified through AI predictive modeling by VRIFY Technology [2] - The exploration includes a comprehensive soil survey of up to 700 samples using advanced geochemical techniques, and a high-resolution ground magnetic survey, marking the first of its kind at Griffon [2][3] - Additional planned activities include induced polarization/resistivity surveys and multi-element geochemical analysis of historical drill cuttings to identify new drill targets [8] Project Background - The Griffon Gold Mine Project consists of 89 unpatented mineral claims covering approximately 1,780 acres (720 hectares) and is located about 50 kilometers (33 miles) southwest of Ely, Nevada [4][13] - Historically, the project produced 62,661 ounces of oxide gold from 1998 to 1999 before its closure, with gold prices averaging approximately US$278 per ounce during that period [6][10] Industry Context - The Battle Mountain-Eureka Gold Belt is gaining global attention due to the quality of its gold projects and the favorable reputation of Nevada in the mining sector, alongside increasing government support for mineral projects in the USA [3]
Kenorland and Auranova Announce Completion of Fall Drill Program at the South Uchi Project, Ontario
Newsfile· 2025-11-03 12:30
Kenorland and Auranova Announce Completion of Fall Drill Program at the South Uchi Project, OntarioNovember 03, 2025 7:30 AM EST | Source: Kenorland Minerals Ltd.Vancouver, British Columbia--(Newsfile Corp. - November 3, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") and Auranova Resources Inc. ("Auranova") are pleased to announce the completion of the 2025 fall drill program at the South Uchi Project (the "Project"), located in the Red La ...
Osisko Development Strengthens Technical Team With Appointment of Vice President, Exploration
Globenewswire· 2025-11-03 12:30
MONTREAL, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the appointment of Mr. Scott Smith as Vice President, Exploration effective November 1, 2025. Mr. Smith joins from Prime Mining Corp. where he most recently served as Executive Vice President, Exploration until its acquisition by Torex Gold Resources Inc. in October 2025. "We are delighted to bolster our exploration team with Scott's appointment. He bring ...
Altamira Gold Mobilizes Second Diamond Drill Rig to the Cajueiro Gold District, Brazil
Newsfile· 2025-11-03 12:30
Altamira Gold Mobilizes Second Diamond Drill Rig to the Cajueiro Gold District, BrazilNovember 03, 2025 7:30 AM EST | Source: Altamira Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 3, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTCQB: EQTRF) ("Altamira" or the "Company"), is pleased to announce the mobilization of a second diamond drill rig to its Cajueiro gold district, Brazil. The additional drill rig will focus on the Central Resource Area and several of the po ...
Founders Metals Announces $50,000,000 Strategic Investment by Gold Fields
Newsfile· 2025-11-03 12:00
Core Viewpoint - Founders Metals Inc. has entered into a subscription agreement with Gold Fields Netherlands Services B.V. for the acquisition of 12,048,193 common shares at a price of $4.15 per share, raising a total of $50 million through a non-brokered private placement [1][2]. Group 1: Investment Details - The proceeds from the investment will be allocated for land consolidation, regional exploration activities, working capital, and general corporate purposes at the Antino Gold Project in Suriname [2]. - The transaction is expected to close on or about November 10, 2025, pending customary conditions including approval from the TSX Venture Exchange [6]. Group 2: Strategic Partnership - The partnership with Gold Fields, a leading global gold producer, is expected to enhance Founders' capabilities in advancing the Antino project, leveraging Gold Fields' technical expertise and experience in developing gold deposits [3]. - An Investor Rights Agreement will be established, granting Gold Fields certain rights including top-up and financing participation rights, technical committee representation, and the right to appoint a board nominee if ownership exceeds 12.5% [4]. Group 3: Company Background - Founders Metals is focused on the Antino Gold Project, which spans 56,000 hectares and has produced over 500,000 ounces of gold from historical mining [8]. - Gold Fields operates nine mines globally and has a total attributable annual gold-equivalent production of 2.1 million ounces, with significant mineral reserves and resources [7].
Amex Aims to Build Gold Ounces at Perron with up to 100,000m of New Drilling Planned
Newsfile· 2025-11-03 12:00
Core Viewpoint - Amex Exploration Inc. is planning an extensive drilling program for 2026, aiming to conduct up to 100,000 meters of drilling at its flagship Perron Project in Quebec and the Perron West Project in Ontario, marking one of the most aggressive drill programs for a junior developer in Canada [1][2]. Group 1: 2025 Drilling Program - The remainder of the 2025 drilling program includes a 10,000-meter initiative focused on the Eastern Gold Zone (EGZ), which hosts the majority of the current resource [5]. - The program aims to test several targets within the EGZ, including the Champagne, Denise, Team, E2, JT, and Alizée zones, all of which remain open for expansion [5]. - Specific goals include testing the northeastern extension of the Champagne Zone, exploring deeper targets in the Team Zone, and assessing extensions of the Central Polymetallic Zone [5]. Group 2: 2026 Exploration Plans - The 2026 exploration program is fully budgeted and will focus on resource expansion and new discoveries across the expanded land package [2][6]. - The geological team has identified several highly prospective new targets within the Normétal-Burntbush greenstone belt, which has been historically underexplored for gold [2]. - Further details of the 2026 drill program will be announced in the coming months, with an emphasis on continued resource expansion at Perron and testing regional targets [6]. Group 3: Project Overview - The Perron Project consists of 183 contiguous claims covering an area of 65.75 square kilometers, while the adjacent Perron West Project includes 35 claims for a total land package of 200.30 square kilometers [12][13]. - The projects are located in a geologically favorable area for both high-grade gold and volcanogenic massive sulphide (VMS) mineralization [13]. - The infrastructure supporting the projects is robust, with year-round road access and proximity to processing plants owned by major gold producers [14].