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Besra Gold Announces: Election of Directors
Newsfile· 2025-12-12 14:58
Core Points - Mr. Michael Higginson will not stand for election as a Director at the Annual General and Special Meeting on December 16, 2025 [1] - The Board recognizes three Director positions are available, with only three candidates standing for election, and recommends shareholders vote in favor of David Potter [2] - As a result of Mr. Higginson's decision, Resolution 2(c) will be withdrawn from the meeting agenda, but he will continue to serve as Company Secretary and Chief Corporate Officer [3] Company Information - The announcement was authorized for release by the Board of Besra Gold Inc [4]
ARIS MINING CLOSES ACQUISITION OF REMAINING 49% OF SOTO NORTE
Prnewswire· 2025-12-12 13:27
Core Viewpoint - Aris Mining Corporation has completed the acquisition of the remaining 49% interest in the Soto Norte joint venture, resulting in 100% ownership of the Soto Norte Project and the termination of the associated precious metals stream previously granted to Mubadala [1][2]. Company Overview - Aris Mining was founded in September 2022 with a vision to become a leading gold mining company focused on South America, combining current production with growth through expansions and development projects [3]. - The company operates two underground gold mines in Colombia: Segovia Operations and Marmato Complex, which produced a total of 210,955 ounces of gold in 2024 [4]. Strategic Focus - The company aims to build a diversified gold business across Colombia and Guyana, focusing on strong cash flow generation from operating mines while pursuing growth through expansions and exploration [2]. - Aris Mining is targeting an annual production rate of over 500,000 ounces of gold, driven by the commissioning of a second mill at Segovia and the construction of the Bulk Mining Zone at the Marmato Complex, with first gold expected in H2 2026 [4]. Project Development - In Guyana, Aris Mining owns the Toroparu gold project, where a new Preliminary Economic Assessment has been completed, and a Prefeasibility Study is currently in progress [5]. - The Soto Norte gold project has completed a Prefeasibility Study confirming it as a high-grade, long-life project with strong economics, and environmental studies are being finalized for licensing submission in the first half of 2026 [6].
GPAC Completes Spin Out of Walhalla Gold Corp.
Newsfile· 2025-12-12 13:11
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: GPGCF) (FSE: V3H) ("Great Pacific Gold," "GPAC," or the "Company") announces that it has closed the previously announced Plan of Arrangement in connection with the spin out (the "Spin Out") of Walhalla Gold Corp. ("Walhalla"), whereby Great Pacific Gold will distribute the shares of Walhalla to the shareholders of GPAC (the "Shareholders"). Walhalla owns the Walhalla Gold Project in Victoria, A ...
5 Momentum ETFs With More Room to Run in 2026
ZACKS· 2025-12-12 13:00
Group 1: Market Overview - Wall Street is experiencing volatility due to overvaluation concerns in AI stocks and signs of a weakening U.S. labor market, with consumer sentiment remaining muted [1] - U.S. retail sales increased by only 0.2% in September 2025, the smallest rise in four months and below the forecast of 0.4%, indicating fragile consumer spending behavior [1] Group 2: AI Sector Insights - Despite economic uncertainty, the AI boom is expected to continue, supported by strong earnings growth driven by a significant AI investment cycle [2] - Wedbush analyst Dan Ives believes the tech market is not in a bubble but is in the early stages of an 8-10 year AI buildout, predicting a continuation of the tech bull market for at least two more years [3] Group 3: S&P 500 Forecasts - Oppenheimer has set a bullish target for the S&P 500 at 8100 for the end of 2026, which would represent a 16% gain if achieved [4] - Deutsche Bank anticipates "mid-teens returns" for the S&P 500 next year, supported by ongoing investment flows, strong buybacks, and persistent earnings strength [5] Group 4: Earnings and Economic Projections - Total earnings for the S&P 500 are projected to rise by 11% in 2025 and 11.8% in 2026, with revenue growth forecasted at 5.2% for 2025 and 6.7% for 2026 [7] - The Federal Reserve has revised its GDP growth projections for 2026 to 2.3%, up from 1.8%, while maintaining the unemployment rate at 4.4% for 2026 [8] Group 5: Federal Reserve Outlook - The Fed's outlook for 2026 includes a projection of one rate cut, consistent with previous forecasts, following three rate cuts in 2025 totaling 0.75 percentage points [10] - The Fed Funds rate is projected to remain at 3.4% for 2026, with potential for more cuts if the labor market improves and inflation declines [11] Group 6: Investment Strategies - Momentum investing is suggested as a viable strategy despite economic strains, with a focus on high-momentum ETFs such as iShares MSCI USA Momentum Factor ETF (MTUM) [6][12] - Notable high-momentum ETFs include VanEck Junior Gold Miners ETF (GDXJ) up 13.2%, iShares Silver Trust (SLV) up 19.3%, and State Street SPDR S&P Bank ETF (KBE) up 8.3% over the past month [12]
Americore Resources Corp. Announces Closing of Initial Payment Under Seka Claims Acquisition
Newsfile· 2025-12-12 13:00
Americore Resources Corp. Announces Closing of Initial Payment Under Seka Claims AcquisitionDecember 12, 2025 8:00 AM EST | Source: Americore Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - December 12, 2025) - Americore Resources Corp. (TSXV: AMCO) (FSE: 5GP) (OTCQB: AMCOF) ("Americore" or the "Company") announces it has completed the initial cash payment and share issuance required under the amended acquisition agreement with Nevada Hills Gold LLC for the Seka mineral claims lo ...
Thunder Gold Announces $2 Million Non-Brokered Private Placement of Flow-Through Units
Newsfile· 2025-12-12 12:30
Core Viewpoint - Thunder Gold Corp. is initiating a non-brokered private placement of flow-through units to raise approximately C$2,000,000 for exploration activities at its Tower Mountain Gold Property in Ontario [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 26,666,667 flow-through units priced at $0.075 each, aiming for gross proceeds of approximately C$2,000,000 [2]. - Each flow-through unit includes one common share and one-half of a common share purchase warrant, with the whole warrant exercisable for an additional common share at an exercise price of $0.10 for 18 months [3]. - The closing of the private placement is expected around December 19, 2025, pending approval from the TSX Venture Exchange [4]. Group 2: Use of Proceeds - Proceeds from the private placement will fund ongoing exploration at the Tower Mountain Gold Property and other qualifying Canadian exploration expenses [1]. Group 3: Tower Mountain Gold Property Overview - The Tower Mountain Gold Property spans 2,500 hectares and is located 40 kilometers west of Thunder Bay, Ontario, featuring significant geological characteristics conducive to gold discovery [8]. - Drilling has revealed anomalous gold extending over 500 meters along a 1,500-meter strike length, with potential for further exploration in the surrounding area [8]. Group 4: Company Background - Thunder Gold Corp. is a junior exploration company focused on gold discovery in Canada, with its operations centered on the Tower Mountain Gold Property [9].
Astral secures $65M to advance Mandilla Gold - ICYMI
Proactiveinvestors NA· 2025-12-12 07:05
Core Viewpoint - Astral Resources NL has secured $65 million through a placement to support the development of the Mandilla Gold Project and ongoing exploration in Western Australia, with a focus on finalizing the Definitive Feasibility Study (DFS) and expanding drilling programs [1][3]. Funding and Financial Strategy - The funds will be allocated to complete the DFS, expand drilling programs, and support early development works at Mandilla, with additional drilling planned at Kamperman and Feysville [1][6]. - The DFS is on schedule for completion in the June 2026 quarter, with a final investment decision expected by September [2][8]. - The peak funding requirement for the Mandilla project is estimated at $227 million, with the company exploring a potential 60:40 or 70:30 debt-to-equity structure to close the funding gap [3][11]. Project Development and Approvals - The company is progressing with environmental and operational approvals, including the mine development and closure plan, aiming to secure these approvals by the September quarter [2][9]. - The funding will also support early works at Mandilla, with a significant portion expected to go towards project development costs [7][10]. Market Position and Future Outlook - The Managing Director indicated that the market may be surprised by how close the company is to full funding, with further updates anticipated before the end of the year [3][11]. - Revenue from a proposed joint venture at Think Big is expected to contribute to closing the funding gap for Mandilla [3][10].
Kairos signs key deal to advance Mt York Gold - ICYMI
Proactiveinvestors NA· 2025-12-12 07:00
Core Insights - Proactive provides fast, accessible, and informative business and finance news content to a global investment audience [2][3] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team operates from key financial hubs around the world, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Technology Adoption - Proactive is committed to adopting technology to enhance content creation and workflow efficiency [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Orosur Mining Inc Announces Pepas MRE Drilling Near Completion
Accessnewswire· 2025-12-12 07:00
Core Insights - Orosur Mining Inc. has reported significant progress in its exploration activities at El Pantano in Argentina and Anzá in Colombia, highlighting the discovery of a low sulphidation epithermal mineral system at El Pantano [1] Group 1: Exploration Activities - The drilling program at El Pantano has yielded assays for five holes, with notable results including PEP067, which returned 83.7 meters at 4.29 grams per tonne (g/t) of gold from surface [1] - Resource modeling and the NI43-101 report process are currently underway for the findings at El Pantano [1] Group 2: Mineral System Confirmation - The initial holes from the El Pantano drilling program have confirmed the presence of a low sulphidation epithermal mineral system, with further assays pending [1]
Ascot Announces Share Consolidation Effective Date
Globenewswire· 2025-12-12 04:44
Core Viewpoint - Ascot Resources Ltd. is set to implement a share consolidation on December 16, 2025, converting 50 pre-consolidation shares into one post-consolidation share as part of a broader restructuring process that includes a rights offering, bridge financing, and private placement [1][7]. Share Consolidation Details - The share consolidation will reduce the number of outstanding shares from approximately 1,487,580,162 to about 29,751,603 shares [3]. - Post-consolidation shares will trade on the NEX Board of the TSX Venture Exchange under the existing symbol "AOT.H" starting December 16, 2025 [2]. - The new CUSIP number for the common shares will be 04364G783 and the new ISIN number will be CA04364G7839 [2]. Fractional Shares and Adjustments - No fractional shares will be issued; fractional interests will be rounded down or up based on their value [3]. - The exercise or conversion price and the number of common shares under outstanding warrants, stock options, and convertible debentures will be proportionately adjusted to reflect the consolidation [4]. Approval and Process - The consolidation has been approved by the shareholders and the board of directors in accordance with relevant regulations [5]. - The company's transfer agent, Computershare, will provide instructions for exchanging pre-consolidation share certificates for post-consolidation certificates [6]. Company Overview - Ascot Resources Ltd. is a Canadian mining company based in Vancouver, British Columbia, and owns the Premier Gold mine located in the Golden Triangle of northwestern British Columbia [9].