Core Viewpoint - Wallbridge Mining Company Limited has successfully closed a public offering, raising gross proceeds of C$15.14 million through the issuance of Charity Flow-Through Units and Hard Dollar Units, with the funds aimed at advancing its mining projects and general corporate purposes [2][6]. Offering Details - The Offering included 65,000,000 Charity Flow-Through Units priced at C$0.15 each, 49,000,000 Hard Dollar Units priced at C$0.11 each, and 980,363 Warrants priced at $0.00001 each, with the latter issued under an over-allotment option [2][3]. - The total gross proceeds from the Offering amounted to C$15.14 million, facilitated by BMO Capital Markets as the sole bookrunner [2][4]. Agnico Eagle Mines Participation - Agnico Eagle Mines Limited has agreed to subscribe for 6,275,897 Hard Dollar Units at a price of $0.11 each, contributing an additional gross amount of $690,349 through a private placement [5]. Use of Proceeds - The net proceeds from the Offering and the Agnico Private Placement will be allocated towards the advancement of the Fenelon and Martiniere projects, as well as for general corporate purposes, resulting in a cash balance of approximately $31 million as of October 31, 2025 [6]. Company Overview - Wallbridge Mining focuses on the exploration and sustainable development of gold projects in Quebec's Abitibi region, holding a mineral property position of 598 km² along the Detour-Fenelon gold trend, which includes the Fenelon Gold Project and the Martiniere Gold Project [8].

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Oct. 31, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to announce that it has closed its previously-announced bought deal private placement pursuant to which NexGold issued 69,445,000 units of the Company (the “Units”) at a price of C$1.44 per Unit for aggregate gross proceeds of C$100,000,800, and 7,944,000 flow-through shares (the “ ...

Core Points - NexGold Mining Corp. has successfully closed a bought deal private placement, issuing 69,445,000 units at C$1.44 per unit for total gross proceeds of C$100,000,800, and 7,944,000 flow-through shares at C$1.58 per share for total gross proceeds of C$12,551,520 [1][2] Group 1: Offering Details - The offering was led by National Bank Financial Inc., with BMO Capital Markets and Red Cloud Securities Inc. as underwriters, who received a 5.0% cash commission on gross proceeds, except for a reduced 2.5% commission on $10,000,000 worth of units sold to certain purchasers [2] - The net proceeds from the units will be allocated to the development of the Goldboro Gold Project and for general corporate and working capital purposes, while proceeds from the flow-through shares will be used for Canadian exploration expenses qualifying as flow-through mining expenditures by December 31, 2026 [3] Group 2: Insider Participation - Insiders subscribed for a total of 287,500 units for gross proceeds of $414,000 and 178,000 flow-through shares for gross proceeds of $281,240, which are considered related party transactions [5] Group 3: Company Overview - NexGold is a gold-focused company with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario, as well as other projects across Canada [7]

Core Viewpoint - Lavras Gold Corp. has announced a leadership transition with Hemdat Sawh appointed as Interim President and CEO following the departure of Michael Durose, who held the position since April 2022 [2][3]. Management Transition - Hemdat Sawh, currently serving as Chief Financial Officer (CFO), will retain his CFO role while taking on the responsibilities of Interim President and CEO [3]. - The Board's Nominating and Governance Committee is in the process of identifying a permanent President and CEO [3]. Interim Management Team - The interim management team includes Jonathan Hill as Interim Vice President of Exploration and Mike Mutchler as Interim Chief Operating Officer [4]. - Jonathan Hill brings over 35 years of experience in exploration and mining operations, while Mike Mutchler has a strong background in the mining industry, having served as President and CEO of Amarillo Gold [4]. Project Development Focus - The restructured management team aims to transition the LDS Project from advanced exploration to development stage [4]. - Efforts will include environmental studies, permitting, and in-fill drilling to create an updated technical report and resource estimate, forming the basis for a Preliminary Economic Assessment (PEA) [4]. Company Background - Lavras Gold Corp. is focused on its LDS Project located in a gold-rich district in southern Brazil, covering over 23,000 hectares with more than 24 identified gold prospects [6][7].

Physical gold ETFs retreated over the past week. That situation has been particularly onerous for gold mining equities and ETFs. That's an asset class known for overshooting the yellow metal's moves in both directions. However, there could be a golden lining, pun intended. Gold's recent pullback is arguably healthy. That's because the commodity's scorching run this year and the aforementioned retrenchment in mining stocks could open the door to opportunity with the WisdomTree Efficient Gold Plus Gold Miners ...

Appointment adds Global leadership experience with backgrounds in commodity Trading, specifically the supply of gold and commodity-based trade finance Will deepen Blue Gold’s expertise in scaling the Gold Trading business, managing public companies, and driving shareholder value Advisory Board positioned to support Blue Gold’s next phase of operational growth and expansion NEW YORK, NY, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Blue Gold Limited (Nasdaq: BGL) ("Blue Gold" or the “Company”), a next-generation gold ...

Core Insights - LaFleur Minerals Inc. is positioned in a favorable mining environment, with gold and silver prices rising due to inflation, geopolitical instability, and supply constraints, indicating growth potential for mining companies [3][4] - The transition from exploration to production is critical for mining companies, as it marks a phase where exploration risks diminish and value creation accelerates [4] - LaFleur Minerals has a fully permitted and refurbished gold-processing mill, which enhances its competitive edge over peers still seeking production capabilities [4][5] Company Overview - LaFleur Minerals Inc. focuses on developing district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, with a primary emphasis on the Swanson Gold Project and the Beacon Gold Mill [5] - The Swanson Gold Project covers over 18,304 hectares (183 km²) and includes several gold-rich prospects previously held by other mining companies, enhancing its development potential [5] - The Beacon Gold Mill has a processing capacity of over 750 tonnes per day and is being considered for processing mineralized material from the Swanson project and custom milling for nearby projects [5]

Founders Metals Expands Antino Gold Project with Addition of 36,000 HectaresOctober 31, 2025 8:00 AM EDT | Source: Founders Metals Inc.Vancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce the signing of a binding Letter of Intent (the "LOI") to acquire 100% interest in a 36,000 hectare (ha) exploration concession immediately adjacent to the Company's Antino Gold Projec ...

Core Insights - Great Pacific Gold Corp. is set to file an updated NI 43-101 compliant technical report for its Kesar Project, which is strategically located adjacent to K92 Mining's Kainantu Mine, following a successful Phase 1 exploration program completed in May 2025 [1][4] Exploration and Technical Details - The Kesar exploration license (EL 2711) was granted for two years starting October 30, 2023, with total expenditures of approximately $5.8 million (16.7 million PNG Kina) during this period, making the company one of the largest active exploration firms in Papua New Guinea [3][5] - The updated technical report will include results from 13 diamond drill holes totaling 3,714.3 meters, with significant intercepts such as 3.13 meters at 3.67 g/t Au and 0.94 meters at 3.17 g/t Au [2][20][22] - A Phase 2 drilling program is recommended for 2026, which includes surface exploration, mapping, sampling, and a 3,000-meter diamond drill program [7][29] Geological Context - The Kesar Project is located in the Eastern Highlands Province of Papua New Guinea, covering an area of 130 square kilometers and is characterized by complex geology, including metamorphic rocks and volcanic units [6][13] - The area has potential for both structurally controlled gold deposits and porphyry copper/gold mineralization, supported by the proximity to the Kainantu gold mine and the Blue Lake porphyry deposit [6][17][26] Future Plans and Recommendations - The company plans to focus its exploration expenditures primarily on the Wild Dog project while also conducting a follow-up program at Kesar to unlock potential value [4][5] - Specific recommendations for further exploration include mapping and rock chip sampling, trenching along known vein areas, and incorporating geophysical survey results into a 3D geological model [31][29]

Core Insights - Agnico Eagle Mines reported strong third-quarter results, with net income reaching $1.06 billion or $2.10 per share, driven by high gold prices and strong production [1][2] - The company established a new subsidiary, Avenir Minerals, to consolidate its investments in critical minerals, with an initial portfolio valued at approximately $80 million [7][8] Financial Performance - The third-quarter operating cash flow was $1.82 billion, and free cash flow was $1.19 billion, benefiting from increased production and higher gold prices [1] - Cash costs were reported at $994 per ounce, while all-in sustaining costs were $1,373 per ounce, with an average realized gold price of $3,476 per ounce [3] Production and Cost Guidance - Agnico reaffirmed its 2025 production target of 3.3–3.5 million ounces, with costs expected to be at the upper end of the range due to higher royalty-linked expenses [4] - The company anticipates capital spending for the year to be between $1.75 billion and $1.95 billion, excluding capitalized exploration costs of approximately $290–$310 million [4] Balance Sheet and Shareholder Returns - The company strengthened its balance sheet, increasing its cash position to $2.36 billion and reducing long-term debt to $196 million, resulting in a net cash position of $2.16 billion [5] - A quarterly dividend of 40 cents was declared, and over one million shares were repurchased for $150 million, reflecting a commitment to shareholder returns [5] Growth Pipeline and Exploration - Development projects are advancing at Canadian Malartic, Detour Lake, Upper Beaver, and Hope Bay, with exploration work on schedule and promising results, particularly at Hope Bay [6] - Engineering work at San Nicolas in Mexico is nearly 30% complete [6] Strategic Focus on Critical Minerals - Avenir Minerals will operate independently while Agnico maintains a right of first refusal on new projects, allowing the company to focus on gold while exploring opportunities in critical metals [8][9]