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Westhaven Appoints Anderson to Board of Directors and Grants Stock Options
Globenewswire· 2026-02-05 12:00
Core Viewpoint - Westhaven Gold Corp. has appointed Patrick F.N. Anderson as an Independent Director to strengthen its Board and support its exploration and growth strategy in British Columbia's Spences Bridge Gold Belt [1][2]. Group 1: Appointment of Patrick Anderson - Patrick Anderson brings over 30 years of experience in the global mineral resource sector, having held key roles in various gold, base metals, and diamond projects [2]. - His notable achievements include leading the discovery of over 6 million ounces of gold at the Curraghinalt deposit and overseeing the discovery of the 13.7-million-ounce Fruta del Norte deposit [2]. - Anderson expressed enthusiasm about contributing to Westhaven's exploration efforts in his home province of British Columbia [2]. Group 2: Equity Incentive Plan - The Company has granted a total of 7,025,000 incentive stock options to directors, officers, employees, and consultants, exercisable at $0.25 per share until February 4, 2031 [3]. - Of the total options granted, 2,900,000 are allocated to directors and vest on the grant date, while those for officers, employees, and consultants vest in thirds over eighteen months [3][4]. - Following this grant, there are 22,405,000 stock options outstanding, representing 8.6% of the Company's issued and outstanding common shares [4]. Group 3: Company Overview - Westhaven Gold Corp. focuses on gold exploration and development, targeting low sulphidation, high-grade epithermal gold mineralization within the Spences Bridge Gold Belt [5]. - The Company controls approximately 60,263 hectares across four gold properties in this underexplored region [5]. Group 4: Shovelnose Gold Project - The Shovelnose Gold project is the most advanced property, with a Preliminary Economic Assessment indicating a potential for robust, low-cost, high-margin underground gold mining [6][7]. - The project is projected to have an average annual life-of-mine production of 56,000 ounces of gold and 313,000 ounces of silver, with an after-tax net present value of CDN$454 million at a 6% discount rate [7].
Gold X2 Discovers Two Mineralized Shears on the Deaty Trend Including 17.0m @ 1.23 g/t Au
TMX Newsfile· 2026-02-05 12:00
Core Viewpoint - Gold X2 Mining Inc. has announced positive assay results from its initial drilling program at the Bunker target within the Moss Gold Project, indicating the presence of two mineralized shear zones and the effectiveness of its exploration techniques [1][2][3]. Exploration Results - The Bunker target is located approximately 2 kilometers south of the Moss Gold Deposit, with four scout holes drilled to test one of five prospective targets along the Deaty Trend [3][4]. - The drilling identified two new parallel mineralized structures: the Sand Shear and the Wedge Shear, approximately 250 meters apart [3][10]. - Significant drill intercepts include: - DBD-25-001: 5.6 meters of 2.24 g/t Au from 163.4 meters, including 3.7 meters of 3.28 g/t Au [8][17]. - DBD-25-003: 17.0 meters of 1.23 g/t Au from 21.0 meters, including 8.0 meters of 2.50 g/t Au and 1.45 meters of 12.0 g/t Au [13][17]. Future Plans - The company plans to continue an aggressive exploration program along the Deaty Trend, with additional scout drilling scheduled to begin in Q1 2026 and follow-up drilling at the Bunker target expected in late Q2 2026 [2][16]. Company Overview - Gold X2 Mining is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, with the Moss Gold Project being its primary focus [25]. - The company has invested over $100 million and completed approximately 100,000 meters of drilling at the Moss Gold Project, which has a mineral resource estimate of 2.458 million ounces of Indicated gold resources at 1.04 g/t Au [25].
Barrick Aims for IPO of North American Gold Assets This Year
WSJ· 2026-02-05 11:42
Barrick Mining is pushing ahead with plans to separate its North American gold operations into a separately listed company in which it plans to retain a controlling stake. ...
Heliostar Announces First Gold Pour from San Agustin Mine Restart
TMX Newsfile· 2026-02-05 11:30
Core Viewpoint - Heliostar Metals Ltd. has successfully restarted mining operations at the San Agustin mine, with the first official gold pour occurring in late January 2026, marking a significant milestone for the company [1][2]. Company Operations - The company resumed mining, crushing, and stacking new ore on the leach pad in Q4 2025, completing the restart on time and on budget [2]. - The operation is ramping up successfully, exceeding internal targets for ore mining rates and recoverable ounces stacked on the pad [2]. - The mine is projected to produce between 30,000 and 32,700 ounces of gold in 2026 [2]. Financial Outlook - The CEO noted that bringing San Agustin online has increased year-on-year consolidated production guidance by over 60% while maintaining an all-in sustaining cost (AISC) of approximately $2,000 in 2026 [3]. - With a budgeted gold price of $3,800 per ounce for 2026, cash flow from San Agustin will support company-wide exploration and capital programs, including a pit expansion at La Colorada and decline development at Ana Paula [3]. - The company anticipates building its cash position more rapidly at current spot prices, aiding in funding the Ana Paula capital expenditures planned for 2027/28 [3]. Exploration and Development - A 10,000-15,000 metre drill program at San Agustin is ongoing, focusing on defining additional oxide gold mineralization to potentially extend the current mine life [8]. - Initial assay results from the drill program are expected to be released shortly [9].
Newcore Gold Commissions Pre-Feasibility Study for its Enchi Gold Project, Ghana
Globenewswire· 2026-02-05 11:30
Advancing a Key De-Risking Milestone, PFS Targeted for Completion in H1 2026VANCOUVER, British Columbia, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce it has commissioned a Pre-Feasibility Study ("PFS") for the Company’s Enchi Gold Project ("Enchi" or the "Project") in Ghana. Newcore has engaged Lycopodium Minerals Canada Limited ("Lycopodium") of Toronto, Canada as lead consultant for the study, with support from Fuse Adv ...
Relevant Gold Appoints Larry Taddei to Board of Directors and Mal Karwowska as Strategic Advisor
Accessnewswire· 2026-02-05 11:30
VANCOUVER, BC / ACCESS Newswire / February 5, 2026 / Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) ("Relevant Gold" or the "Company") is pleased to announce the appointment of Mr. Larry Taddei, CPA, CA, as an Independent Director, effective immediately, and the engagement of Ms. ...
X @Bloomberg
Bloomberg· 2026-02-05 11:16
Barrick plans to spin off its top North American gold assets through an IPO, selling a minority stake in the new company as it seeks to revamp its business after years of under-performing rivals https://t.co/KanibKGGhj ...
Barrick Reports Full Year and Fourth Quarter 2025 Results
Globenewswire· 2026-02-05 11:00
Record shareholder returns and another record quarterly financial performance mark successful delivery of 2025 operating planQ4 gold production 5% higher than Q3 at 871,000 ounces1, 2025 gold and copper production in line with guidanceRecord quarterly cash flow with operating cash flow of $2.73 billion and free cash flow2 of $1.62 billion—up 13% and 9%, respectively, over Q3Highest ever quarterly net earnings per share of $1.43 and adjusted net earnings per share2 of $1.04—up 88% and 79%, respectively, on Q ...
Barrick Announces Board Appointments
Globenewswire· 2026-02-05 10:58
Core Insights - Barrick Mining Corporation has appointed Robert Samek to its Board of Directors and Mark Hill as President and CEO to lead the planned IPO process of Barrick's North American gold assets [1][3] Group 1: Board Appointments - Robert Samek joins the Board and will participate in the Audit & Risk and Compensation committees [1] - Mark Hill has been elevated to the Board as a Non-Independent Director due to his strong leadership performance [1] Group 2: Background of New Board Members - Robert Samek has over 31 years of experience at McKinsey & Company, including leadership roles in the Americas Mining and Metals practice and the Public Sector practice in Canada [2] - Mark Hill is recognized for his operational discipline and sector expertise, which will be crucial for Barrick's growth and performance [3] Group 3: Company Overview - Barrick Mining Corporation is a leading global mining company with a significant portfolio of gold and copper assets across 17 countries and five continents [4] - The company is the largest gold producer in the United States and focuses on creating long-term value through responsible mining and strong partnerships [4]
Alamos Gold: Good Valuation And Plenty Of Growth Ahead
Seeking Alpha· 2026-02-05 10:01
Company Overview - Alamos Gold (AGI) is a North American gold mining company with operations in Mexico and Canada, specifically in the Mulatos District, which is projected to produce between 100,000 to 150,000 ounces of gold [2]. Investment Strategy - The investment strategy focuses on turnarounds in natural resource industries, emphasizing value to provide downside protection while allowing for significant upside participation [1]. - The portfolio has achieved a compounded annual growth rate of 38% over the last 7 years, indicating strong performance in the sector [1]. Market Conditions - The current focus on natural resource industries is driven by monetary and fiscal policies, underinvestment, and attractive valuations, which present opportunities for investors [2]. - The investing group aims to identify companies with quality characteristics that are trading at depressed valuations, minimizing the risk of extreme drawdowns common in natural resource investing [2].