Core Insights - Tocvan has initiated trenching material for the Pilot Mine feed at the Gran Pilar South Block, receiving local community approval and starting site preparation for a fully permitted 50,000-tonne facility [1] Group 1: Pilot Mine Advancement - The company has begun trenching material for the Pilot Mine feed at the Gran Pilar South Block [1] - Local community approval has been secured for the project [1] - Site preparation activities have commenced, including clearing for heap leach pad and containment ponds [1] Group 2: Infrastructure and Exploration Progress - Dozer cuts for channel sampling and ground leveling for processing equipment and access roads are currently underway [1] - These activities align with recent positive surface sampling results [1] - Ongoing maiden drilling in the North Block indicates encouraging gold and silver potential [1]

Core Viewpoint - Norsemont Mining Inc. has successfully closed the first tranche of its non-brokered private placement, raising US$7,529,000 (approximately CAD$10,375,715) through the issuance of unsecured convertible debenture units and warrants, which will support its upcoming drill program and production strategy for the Choquelimpie project [1][2]. Financing Details - The first tranche of the Offering involved the issuance of US$7,529,000 in principal amount of Convertible Debentures and 6,035,258 Warrants, resulting in total gross proceeds of US$7,529,000 (approximately CAD$10,375,715) [1]. - The terms of the Offering have been amended to allow for gross proceeds of up to US$10,000,000 (approximately CAD$13,794,400), with a 30% over-allotment option [2]. Use of Proceeds - Proceeds from the Offering are intended for general working capital, mineral exploration, and advancing the Choquelimpie gold-silver-copper project [3]. Convertible Debenture Unit Structure - Each Convertible Debenture Unit consists of one convertible debenture with a principal amount of US$1,000, convertible into common shares at a price of CAD$0.86, and includes 802 transferable common share purchase warrants, each allowing the purchase of one common share at CAD$1.00 for three years [4]. - The Convertible Debentures carry an interest rate of 5.25% per annum and have a maturity date of three years from the closing date [4]. Project Overview - Norsemont Mining owns a 100% interest in the Choquelimpie project, which has an indicated mineral resource estimate of 1,731,000 gold ounces and 33,233,000 silver ounces, along with an inferred mineral resource of 446,000 gold ounces and 7,219,000 silver ounces [10]. - The Choquelimpie project is a past-producing mine with significant existing infrastructure, including roads, power, water, camp, and a 3,000-tonne-per-day mill [10].

Group 1: Market Overview - The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have seen year-to-date gains of 14%, 16%, and 20% respectively as of December 12, 2025 [1] - The focus of investing should be on future opportunities rather than past performance [2] Group 2: Investment Strategy - The company has increased cash reserves for future investments while maintaining a long-term focus on 36 positions, with the top 10 holdings accounting for over 81% of invested assets [3] Group 3: Company Highlights - **SSR Mining**: The stock has gained 219% year-to-date, driven by rising gold and silver prices and potential reinstatement of its environmental license at the Copler mine [5][6] - **Teva Pharmaceutical Industries**: The company is shifting focus to high-margin drug development, with the drug Austedo expected to generate over $2 billion in sales for 2025 [7][8] - **iShares 0-3 Month Treasury Bond ETF**: This ETF is used to manage cash reserves, offering a yield around 4% compared to a negligible yield on uninvested cash [9][10] - **Meta Platforms**: The company has significant ad-pricing power and closed September with approximately $44.5 billion in cash, on track to generate over $100 billion in cash from operations in 2025 [11][13] - **Bank of America**: The bank has been a long-term holding, facing challenges from recent Federal Reserve rate cuts but still generating profitable loans [15][16] - **PubMatic**: Positioned well in digital advertising, with connected TV ad growth exceeding 50% year-over-year and positive operating cash flow [17][19] - **First Majestic Silver**: The company has seen profit projections rise due to higher silver prices, but management struggles with mining costs have led to a reduction in holdings [21][22] - **Pinterest**: The platform has reached 600 million monthly active users and has potential for improved monetization, with a forward P/E ratio of 13 [24][26] - **PayPal Holdings**: Despite stalling active account growth, payment transactions per account have increased by 41%, and the company has initiated a quarterly dividend program [29][30] - **Alphabet**: The company maintains a dominant market share in internet search and is expected to see growth from its Google Cloud platform, particularly with AI integration [31][33]

Project Highlights - The DeLamar Heap Leach Project demonstrates robust economics with an after-tax NPV5% of $774 million (base case) and $1.7 billion (spot)[16] - The project boasts a competitive after-tax IRR of 46% (base case) and 89% (spot)[16] - The initial capital expenditure is estimated at $389 million[16] - The project anticipates an average gold equivalent (AuEq) production of 106,000 ounces over the life-of-mine (LOM) and 119,000 ounces annually for the first 5 years[16] - The mine life is projected to be 10 years, with a total payable AuEq of 1.1 million ounces[16] Cost and Economics - LOM cash costs are estimated at $1,179 per AuEq ounce, while all-in sustaining costs (AISC) are projected at $1,480 per AuEq ounce[16] - The project has a payback period of 1.8 years (base case) and 1.0 years (spot)[16] - The NPV-to-capex ratio is 2.0 (base case) and 4.4 (spot)[16] Mineral Reserves - The DeLamar Project has proven and probable oxide mineral reserves of 119,972 kilotonnes with an average gold grade of 0.33 g/t, containing 1,259 koz of gold[27] - The project also holds proven and probable oxide mineral reserves of 119,972 kilotonnes with an average silver grade of 13.56 g/t, containing 52,305 koz of silver[27]

TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Fredonia Mining Inc. (“Fredonia” or the “Company”) (TSXV: FRED) announces that the Company proposes to amend the exercise price of certain outstanding common share purchase warrants and implement an early warrant exercise incentive program with respect to certain other outstanding warrants of the Company to encourage their exercise and provide proceeds for ongoing corporate development activities. The Company currently has three series of warrants outstanding, as d ...

Core Viewpoint - Capitan Silver Corp. has successfully closed a private placement offering, raising approximately C$23 million to fund exploration and working capital [1][3]. Group 1: Offering Details - The offering consisted of 11,333,250 common shares priced at C$2.03 each, resulting in gross proceeds of C$23,006,497.50 [1]. - Stifel Canada acted as the sole bookrunner and lead underwriter, with TD Securities Inc., BMO Capital Markets, and Canaccord Genuity Corp. as co-underwriters [2]. - The net proceeds will be allocated to exploration activities at the Cruz de Plata gold-silver project and for general corporate purposes [3]. Group 2: Regulatory Compliance - The common shares were issued under the "listed issuer financing exemption" as per National Instrument 45-106, allowing for no statutory hold period for most investors [4]. - Certain insiders are subject to a hold period until April 18, 2026, in accordance with TSX Venture Exchange policies [4]. - The offering was also made available in the United States and other jurisdictions under applicable laws [4]. Group 3: Financial Aspects - The company paid approximately C$1,372,473 in cash commissions to the underwriters for their services [5]. - Related parties, including insiders, participated in the offering, subscribing for a total of 1,960,000 common shares [6]. Group 4: Company Overview - Capitan Silver is focused on developing a high-grade silver system at its Cruz de Plata project in Mexico's primary silver belt [9]. - The company is led by an experienced management team that has successfully advanced multiple projects into production [9]. - Capitan Silver maintains a tight share structure, with the top three shareholders owning over 38% of the company's share capital [9].

Core Insights - Aya Gold & Silver has filed an updated NI 43-101 Technical Report for the Zgounder Deposit, which includes revised Proven & Probable Mineral Reserves and a Mineral Resource Estimate [1] - The Mineral Resource Estimate was prepared by RSC Consulting, while Aya Gold & Silver prepared the remainder of the Technical Report, including the Mineral Reserve [1] Group 1 - The updated Technical Report includes an accompanying updated Life of Mine (LOM) plan [1] - The report reflects the company's commitment to transparency and adherence to industry standards in resource estimation [1]

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen” or the “Company”) is pleased to announce that it has entered into a binding letter of intent dated December 15, 2025 (“LOI”) with an arm’s length private company (the “PrivateCo”) to acquire a silver stream (the “Silver Stream”) on a past-producing gold mine located in Chile (the “Property”). Un ...

Not for dissemination in the United States or for distribution to U.S. Newswire Services VANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to announce that it plans to close the first tranche of the previously announced non–brokered private placement (the “Private Placement”) on December 19th, 2025, raising approximately C$1 Million. A second tranche of approximately C$0.5 Million is planned to close on or about Tuesday, Decem ...

Coeur Mining, Inc. (NYSE:CDE) is one of the 12 cheap gold stocks to buy now. Coeur Mining (CDE) May Be Fully Valued After Strong 2025 Rally As of December 12, 2025, Coeur Mining, Inc. (NYSE:CDE) boasts over 200% returns in 2025 alone and 87% over the past six months, having reached its 52-week high of $23.62 on October 16. While this reflects strong investor interest in the gold and silver producer, Cantor Fitzgerald holds a contradictory view. The firm downgraded the stock from “Overweight” to “Neutral” ...