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Fresnillo to Acquire Probe Gold for C$780 Million
Globenewswire· 2025-10-31 07:00
Cash consideration of C$3.65 per Share represents 39% premium to Probe’s closing price The Board unanimously recommends Probe Shareholders vote in FAVOUR of the Transaction TORONTO, Oct. 31, 2025 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Fresnillo plc (the “Purchaser” or “Fresnillo”) has agreed to acquire all of the issued and outstanding commo ...
Rise Gold Grants Stock Options and DSUs
Newsfile· 2025-10-31 05:33
Group 1 - Rise Gold Corp. has granted a total of 1,445,469 stock options to directors, officers, and consultants under its Long Term Incentive Plan, with an exercise price of US$0.25 (CAD$0.35) per share until October 30, 2030 [1] - The Company has also granted 1,365,854 deferred share units (DSUs) to certain directors and officers, with each DSU entitling the holder to receive one Common Share upon cessation of being an Eligible Person [2] - Rise Gold is an exploration-stage mining company incorporated in Nevada, USA, with its principal asset being the historic Idaho-Maryland Gold Mine located in Nevada County, California [3]
Go global with investments or lose out: Top experts share simple secrets to world investing
MINT· 2025-10-31 04:49
Core Message - The importance of global diversification in investment strategies is emphasized, highlighting that limiting investments to India may result in missed opportunities and safety nets [1][17]. Investment Strategies - Financial experts at Mint Horizons discussed practical tips for finding global investment opportunities, particularly through GIFT City, India's new financial hub [2][4]. - Saurabh Mukherjea pointed out the low correlation between Indian and US markets, suggesting a portfolio allocation of 60% in India and 40% in dollar-based assets for average Indian investors [3]. GIFT City Developments - GIFT City is emerging as a key gateway for Indian and global investors to access overseas assets efficiently, supported by regulatory and product innovations [4][5]. - Marcellus Investment Managers launched a NASDAQ ETF in GIFT City, enabling corporates to invest up to half of their net worth abroad under the new Overseas Portfolio Investment regime [5]. Fund Offerings - PPFAS has established a Foreign Portfolio Investor retail license in GIFT City, allowing for the launch of globally diversified portfolios [6]. - DSP Mutual Fund introduced a retail fund in GIFT City with a minimum investment of $5,000, aiming for long-term dollar returns of 12-13% [7]. Unique Investment Opportunities - Investing internationally allows access to asset classes unavailable in India, such as gold mining, as highlighted by Vivek Iyer [9][10]. - Dharmendra Jain discussed a bottom-up approach to a Global Innovation Fund, with significant exposure to the US and Far East markets [11]. Emerging Markets - Aashish P Somaiyaa presented a case for investing in emerging markets outside India, noting a correlation of 0.6 with Indian markets, which can complement Indian investments [12]. Digital Platforms and Taxation - Digital platforms are simplifying the process of international investments, with expectations of a significant increase in the number of investors in the coming years [14][15]. - Taxation structures for investments routed through GIFT City are favorable, with potential tax-free benefits for investments made from jurisdictions like Dublin [16].
Far East Gold confirms high-grade gold breakthrough at Idenburg - ICYMI
Proactiveinvestors NA· 2025-10-31 04:46
Core Viewpoint - Far East Gold Ltd has confirmed high-grade gold mineralisation at the Idenburg Project in Indonesia, indicating potential for a large-scale, low-cost, open-pit gold operation [1][6]. Group 1: Drilling Results - At North Idenburg, grades of up to 15 grams per tonne were reported, including an intercept of 4.9 grams per tonne over five metres [2][6]. - The mineralised zone extends over 300 metres of strike and 400 metres of dip, featuring strong shearing and sulphide mineralisation [2][7]. Group 2: Geological Characteristics - The geometry of the North Idenburg zone is significant, with a broad, near-horizontal mineralised plain that is favourable for open-pit development [3][9]. - This structure allows for a low strip ratio, efficient material movement, and reduced capital requirements, making it ideal for mining operations [3][9]. Group 3: Future Plans and Funding - A 350-metre step-out program to the south is underway to test the extension of the shear zone, with drilling also commencing at Sua, which contains nearly 300,000 ounces of gold [4][11]. - The company has $9 million in cash and is fully funded to continue its exploration programs, marking a key turning point for the project [4][11].
Astral Resources boosts Mandilla gold team - ICYMI
Proactiveinvestors NA· 2025-10-31 04:03
Core Viewpoint - Astral Resources NL is advancing the Mandilla Gold Project towards development by appointing key management personnel and securing a native title agreement, which is essential for transitioning from exploration to construction [1][4]. Management Appointments - The company has finalized new leadership roles to facilitate the shift to construction, appointing Jed Whitford to assist with permitting and early-stage planning, who has prior experience with the Ross Cycle project [2][9]. - Matt Wilson has been appointed as General Manager, bringing recent experience from the Cote Gold Mine, which is seen as a significant asset for the project transition [3][9]. Native Title Agreement - A native title agreement has been reached with the Marlinyu Ghoorlie people, which is necessary for converting exploration tenements into mining leases and is a critical step for obtaining mining approvals for the Think Big deposit [4][12]. - This agreement was described as the last hurdle to overcome for granting mining tenements, allowing the company to proceed with development plans [4][11]. Project Development Plans - With the native title agreement in place, the company can now advance its permitting process and development plans for the Think Big deposit, aiming to secure similar agreements for the broader Mandilla Gold Project area [5][12]. - The update follows the completion of the pre-feasibility study in June and recent announcements regarding monetization options for the Think Big deposit to fund further project development [5][11].
Blue Star Gold Announces $1.5M Non-Brokered Private Placement
Newsfile· 2025-10-31 03:43
Core Viewpoint - Blue Star Gold Corp. plans to complete a non-brokered private placement of up to $1,500,000 through the issuance of up to 6,000,000 flow-through common shares at a price of $0.25 per share, pending approval from the TSX Venture Exchange [1][2]. Group 1: Private Placement Details - The flow-through shares will qualify under the Income Tax Act (Canada), with expenditures renounced to investors for the taxation year ending December 31, 2025 [2]. - All securities issued will be subject to a four-month and one-day hold period in accordance with Canadian securities laws [2]. - The net proceeds from the private placement will be used for Canadian exploration expenses on projects in Nunavut and for general working capital purposes [3]. Group 2: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings totaling 300 square kilometers in the High Lake Greenstone Belt [4]. - The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous exploration targets for gold and critical minerals [4]. - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the potential for resource growth [4].
Emperor Metals Clarifies and Corrects October 30, 2025 News Release
Newsfile· 2025-10-31 00:37
Core Insights - Emperor Metals Inc. clarified information regarding its gold resource estimates, correcting the historical average grade and resource figures [1][2] Company Overview - Emperor Metals Inc. is a junior mining company focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [3] - The company aims to unlock the resource potential of the Duquesne West Gold Project and the Lac Pelletier Project, which is currently under a purchase agreement [3] Resource Estimates - The updated combined open-pit and underground Inferred Mineral Resource Estimate is 1,460,000 ounces of gold at an average grade of 1.69 g/t Au, as reported on July 9, 2025 [2] - The increase in resource from the historical estimate to the updated estimate is over 100%, correcting the previously stated 104% increase [2]
Sixty North Gold to Close First Tranche of Non-Brokered $1,500,000 Unit Offering
Newsfile· 2025-10-30 23:53
Core Viewpoint - Sixty North Gold Mining Ltd. is set to close a first tranche of a non-brokered financing of up to 13,636,363 units at an offering price of $0.11 per unit, with the first tranche expected to close around November 5, 2025 [1][2]. Financing Details - The company anticipates closing up to 5,454,545 units in the first tranche, generating gross proceeds of up to $600,000 [2]. - Each unit consists of one common share and one non-transferable common share purchase warrant, with each warrant exercisable at $0.15 for a period of 24 months from the closing date [2]. Finder's Fees - Eligible finders will receive an 8% cash fee and 8% in warrants based on the proceeds received from investors [3]. Use of Proceeds - Proceeds from the offering will be allocated for further exploration and development of the Mon Gold Property in NWT, as well as for general working capital requirements [4]. Company Overview - Sixty North Gold is developing mining operations for gold on its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore, recovering an estimated 15,000 ounces of gold in the 1990s [5]. - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in the East Limb, West Limb, and DD Zone to support a 100 tpd gravity-flotation mill [5]. Additional Exploration Potential - The property hosts additional gold, silver, and base metal targets that will be explored and developed as warranted [6]. - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 grams per tonne (gpt) gold or better, contributing to a total production of over 14 million ounces of gold [6].
Austral Gold Files Q3 2025 Quarterly Activity Report
Newsfile· 2025-10-30 22:46
Sydney, Australia--(Newsfile Corp. - October 30, 2025) - Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ("Austral" or the "Company") is pleased to announce that it has filed its Q3 2025 Quarterly Activity Report. The complete Report is available under the Company's profile at www.asx.com.au, www.sedarplus.ca and on the Company's website at australgold.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the ...
Centerra Gold Inc. (CGAU) Market Update and Financial Performance Insights
Financial Modeling Prep· 2025-10-30 21:06
Core Insights - Centerra Gold Inc. is a significant player in the gold mining industry, focusing on sustainable practices and competing with major companies like Barrick Gold and Newmont Corporation [1] - Raymond James updated its rating for Centerra Gold to "Market Perform," with a price target raised to C$16.75 from C$16.50, indicating a stable outlook for investors [2] - The company's Q3 2025 earnings call highlighted its financial performance and strategic direction, with participation from key executives and financial analysts [3] Financial Performance - Centerra Gold's stock price is currently at $11.79, reflecting a 4.85% increase, which translates to a rise of $0.55 [4] - The stock has shown significant volatility over the past year, with a high of $12.80 and a low of $5.41 [4] - The company's market capitalization is approximately $2.45 billion, with a trading volume of 809,194 shares, indicating substantial market presence [5] Market Position - The recent updates and earnings call provide insights into Centerra Gold's future prospects and market position, showcasing investor interest and confidence [5][6] - The stable outlook and investor confidence are further emphasized by the stock's recent performance and the maintained "Market Perform" rating by Raymond James [6]