Core Insights - AuMEGA Metals Ltd provides a strategic update on its Cape Ray Project, emphasizing its economic foundation and exploration potential in the Cape Ray District [2][4] - The company highlights that its defined mineral resource does not reflect its current market valuation, especially in light of rising gold and silver prices [3][4] Mineral Resource and Economic Foundation - The Cape Ray Project has a defined gold mineral resource estimate completed in 2023, based on a conservative gold price of US$1,750 per ounce [8][12] - The established mineral resource includes indicated resources of 6.2 million tonnes at 2.25 g/t gold for 450,000 ounces and inferred resources of 3.4 million tonnes at 1.44 g/t gold for 160,000 ounces [13][30] - The company is assessing a potential update to the mineral resource estimate to reflect higher gold prices and the inclusion of silver [9][14] Exploration Opportunities - The 2025 exploration programs have significantly expanded the opportunity at Cape Ray, identifying multiple high-priority targets for a focused drilling campaign in 2026 [6][19] - Early results from the Isle aux Morts Granite suggest a potentially fertile intrusive-related gold system, comparable to significant deposits in other regions [7][22] - The company plans to advance priority targets with diamond drilling during the spring/summer 2026 field season [22] Market Context and Valuation - AuMEGA's current market valuation is believed to not reflect the scale and quality of its existing mineral resources or the exploration upside in the Cape Ray district [9][12] - The company is supported by a diverse shareholder registry, including strategic investment from B2Gold Corp, enhancing its financial backing for exploration activities [29]

Core Viewpoint - Alamos Gold Inc. expects to achieve a production target of approximately one million ounces annually by 2030, driven by the expansion of the Island Gold District and initial production from the Lynn Lake project [2][4][28]. Production Guidance - The company provided a three-year production guidance with total gold production expected to range from 570,000 to 650,000 ounces in 2026, increasing to between 650,000 and 730,000 ounces in 2027, and further to 755,000 to 835,000 ounces in 2028, representing a cumulative growth of 46% from 2025 [5][27]. - Production growth is anticipated to be driven by the ramp-up of underground mining rates at the Island Gold District and the start of production from Lynn Lake [6][28]. Cost Guidance - Total cash costs are projected to decrease from $1,020 - $1,120 per ounce in 2026 to $775 - $875 per ounce by 2028, reflecting a 24% reduction relative to 2025 [5][7]. - All-in sustaining costs (AISC) are expected to decline from $1,500 - $1,600 per ounce in 2026 to $1,200 - $1,300 per ounce by 2028, indicating an 18% decrease [5][30]. Capital Expenditures - Total capital expenditures for 2026 are expected to be between $850 million and $940 million, with significant investments in the Island Gold District Expansion and Lynn Lake project [18][19]. - Capital spending on the Lynn Lake project is projected to be between $140 million and $160 million in 2026, reflecting a decrease from previous guidance due to delays caused by wildfires [21][71]. Exploration Budget - The exploration budget for 2026 has increased to a record $97 million, a 35% increase from 2025, with a focus on expanded programs at the Island Gold District, Young-Davidson, and Lynn Lake [74][75]. Shareholder Returns - The company returned approximately $81 million to shareholders in 2025 through dividends and share buybacks, with expectations for increasing free cash flow supporting higher returns in the coming years [11][74].

Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) (FSE: X7W) ("Dryden Gold" or the "Company") is pleased announce new drill results which tested the Pearl zone in the Gold Rock Target Area. Results show continued expansion of the mineralization at Gold Rock with the discovery of two new footwall zones parallel to the main Elora shear structure at Pearl. (Figure 1). This is the first significant mineralization discovered in the footwall of the El ...

VANCOUVER, British Columbia, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) is a U.S. focused gold development company advancing the Black Pine Oxide Gold Project in southern Idaho through feasibility and permitting. The Company announced today that Jon Gilligan, President and CEO, will present live at the Precious Metals & Critical Minerals Virtual Investor Conference on Wednesday, February 11, 2026. DATE: February 11th TIME: 11AM ET REGISTER HERE Available for 1x1 meetings: Fe ...

Core Insights - Alpha Exploration Ltd. has announced new drilling results from the Aburna Gold Project, indicating significant gold mineralization and potential for further discoveries [1][3][4] Drilling Results - The recent drilling program included 807 metres of Reverse Circulation (RC) and 652.80 metres of diamond core (DC) drilling [5] - Drillhole ABRD189 returned an intercept of 3.12 g/t gold over 10 metres, with notable zones of 4.08 g/t and 4.82 g/t gold [6][9] - Drillhole ABD026 showed multiple significant gold mineralization zones, including 3.60 g/t gold over 5 metres and 16.61 g/t gold over 1 metre [12][20] Exploration Potential - Approximately 80% of the 7 km long Aburna gold trend remains untested, with 90% of the current gold mineralization found at depths of less than 120 metres [4][9] - The company is focusing on increasing geological understanding to identify higher-grade trends and priority targets for further exploration [4][3] Company Overview - Alpha Exploration Ltd. is advancing several gold and base metal discoveries across its 100% owned 514 km² Kerkasha Project in Eritrea [27] - The Aburna Gold Prospect has shown high-grade mineralization with previous drilling results including 18m @ 15.33 g/t Au and 16m @ 14.07 g/t Au [27]

Core Viewpoint - The recent sell-off in gold and gold stocks presents a potential buying opportunity for investors, despite the volatility in gold prices and the impact of new Federal Reserve chair Kevin Warch's nomination on market sentiment [1][2]. Company Performance - Gold stocks, particularly Newmont and Barrick, experienced significant declines, with both companies' shares falling by double-digit percentages [2]. - Newmont's all-in sustaining costs (AISC) per ounce were $1,566 in Q3 2025, projected to rise to $1,760 in Q4, while Barrick's AISC was $1,538 in Q3, with Q4 guidance between $1,460 and $1,560 [3]. - As of February 3, 2026, spot gold prices were around $4,622 per ounce, allowing both companies to achieve gross profit margins exceeding 160%, a stark contrast to historical margins that rarely topped 50% [4]. Growth Drivers - The ongoing global demand for gold, driven by central banks increasing their gold reserves due to concerns about the U.S. dollar's stability, remains a key growth driver for Newmont and Barrick [8]. - Copper demand, particularly due to the expansion of AI infrastructure, is another significant growth driver. Data centers may require between 330,000 and 420,000 tonnes of copper annually by 2030 [9]. - Newmont produced 35,000 tonnes of copper in Q3, while Barrick produced 55,000 tonnes, benefiting from increased production at Lumwana mines in Zambia [10]. Market Sentiment - Some investors believe the sell-off in Newmont and Barrick was overdone, as both stocks are already showing signs of recovery [12]. - Despite potential volatility in gold prices, the fundamental demand for gold and copper is expected to persist, supporting continued profitability for both companies [13]. - Newmont's forward price-to-earnings ratio is 15.7, while Barrick's is approximately 12.5, indicating that neither stock is excessively priced despite recent market fluctuations [14].

Core Viewpoint - Nova Minerals Limited plans to undergo a corporate reorganization, including redomiciliation to the United States, following the loss of its foreign private issuer status effective July 1, 2026. This move aims to enhance access to U.S. capital markets and facilitate the acquisition of the remaining 15% interest in the Estelle Gold and Critical Minerals Project [1][2][5][8]. Group 1: Redomiciliation and Corporate Reorganization - Nova will cease to qualify as a foreign private issuer due to the majority of its shares being held by U.S. investors as of December 31, 2025, necessitating compliance with U.S. securities laws from July 1, 2026 [2][8]. - The Board proposes redomiciliation to the United States to minimize conflicts between ASX listing requirements and U.S. domestic issuer obligations, which could complicate trading [3][9]. - The company expects to retain its dual ASX and Nasdaq listings under the same ticker codes, with ASX shareholders receiving CHESS Depositary Interests and Nasdaq ADS holders receiving shares of common stock in the new U.S. domiciled company [4][11]. Group 2: Financial and Operational Implications - The redomiciliation is anticipated to improve access to lower-cost U.S. equity capital, increase appeal to a broader U.S. investor base, and enhance opportunities for grants and funding from the U.S. government [5][10][17]. - Nova intends to acquire the remaining 15% interest in the Estelle Project, which will provide full ownership and support the project's progression to construction and production [6][14]. - The acquisition process will be managed with appropriate governance and conflict procedures, including consideration by independent directors [15]. Group 3: Leadership Changes - Mr. Michael Melamed has provided three months' notice of his resignation as CFO, effective April 30, 2026, to facilitate the appointment of a U.S.-based CFO with mining sector and U.S. GAAP experience [7][19]. - The company has arrangements in place to ensure continuity of financial oversight and reporting during the transition [20].

All amounts are in United States dollars, unless otherwise stated TORONTO, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported results of the Expansion Study (“IGD Expansion”) completed on the Island Gold District operation, located in Ontario, Canada. Compared to the Base Case Life of Mine Plan (“Base Case LOM”) released in June 2025, the IGD Expansion incorporates a 30% increase in Mineral Reserves, and an expansion of the Magino mill to 20,000 ...

Core Viewpoint - Alamos Gold Inc. has reported significant advancements in its Island Gold District operation, including a 30% increase in Mineral Reserves and an expansion of the Magino mill to 20,000 tonnes per day, which is expected to enhance production and profitability, positioning it as one of Canada's largest and most profitable gold operations [1][2]. Production and Economic Highlights - The IGD Expansion is projected to increase average annual production to 534,000 ounces over the next 10 years, a 27% increase from the Base Case Life of Mine Plan [3][4]. - The total gold production is expected to rise from 5,836,000 ounces in the Base Case to 7,963,000 ounces under the Expansion Study [4]. - Average mine-site all-in sustaining costs (AISC) are anticipated to decrease by approximately 31% to $1,025 per ounce over the initial 10 years post-expansion [3][47]. Mineral Reserves and Resources - The IGD Expansion Study has increased the Proven and Probable Mineral Reserves to 8.3 million ounces, a 30% increase from the previous estimate of 6.3 million ounces [7][19]. - Underground Mineral Reserves have risen by 25% to 5.1 million ounces, while open pit Mineral Reserves increased by 40% to 3.1 million ounces [8][9]. Capital Expenditure - Growth capital for the IGD Expansion is estimated at $542 million, focusing on the Magino mill expansion and accelerated underground development, with total growth capital expected to reach $704 million [55][56]. - The capital for the mill expansion to 20,000 tpd is estimated at $200 million, with significant spending anticipated in 2026 and 2027 [57][58]. Environmental Impact - The IGD Expansion is expected to achieve a 56% reduction in greenhouse gas emissions per ounce produced, further decreasing the emission intensity to 70% lower than the industry average [36][47]. Operational Improvements - The expansion will include enhancements to the Magino mill circuit, such as a new truck dump configuration and a centralized gyratory crusher, aimed at improving processing efficiency and reducing costs [22][40]. - The transition to shaft operations is expected to stabilize costs and improve mining efficiency, with underground mining rates projected to increase to 3,000 tpd by 2029 [23][29]. Financial Projections - The after-tax net present value (NPV) of the IGD Expansion is estimated at $8.2 billion at a long-term gold price of $3,200 per ounce, increasing to $12.2 billion at a price of $4,500 per ounce [13][14]. - The after-tax internal rate of return (IRR) is projected at 53% based on the $3,200 gold price and 69% at $4,500 [14][18]. Summary of Costs - Total cash costs are expected to average $682 per ounce over the initial 10 years post-expansion, reflecting a significant decrease from previous estimates [47][51]. - Open pit mining costs are projected to average C$4.85 per tonne, while underground mining costs are expected to average C$135 per tonne [48][51].

Toronto, Ontario--(Newsfile Corp. - February 3, 2026) - Abitibi Greenstone Gold Corp. (the "Company") is pleased to announce that it has filed a preliminary long form prospectus dated February 3, 2026 (the "Prospectus") with the British Columbia Securities Commission ("BCSC") and the Ontario Securities Commission ("OSC", together with BCSC, the "Commissions") and has applied to the Canadian Securities Exchange (the "CSE") for the listing of its class A common shares (the "Common Shares") on the CSE (the "L ...