Financial Performance & Production - TRX Gold achieved record quarterly gold production of 6,404 oz and sales of 6,977 oz in Q4 2025, a 37% increase over Q3 2025[15] - Fiscal Year 2025 gold production was 18,935 oz[14,16,18] - Fiscal Year 2025 revenue reached $57.6 million[14,18,19] - Adjusted EBITDA for Fiscal Year 2025 was $22.0 million, with a 38.2% margin[14,18,19] Growth & Expansion - The company is expanding the Buckreef Gold Project, targeting an average of 62,000 oz Au per year over 17.6 years through underground expansion[13,30] - A Preliminary Economic Assessment (PEA) projects a pre-tax NPV 5% of $1.9 billion and a post-tax NPV 5% of $1.2 billion at $4,000/oz Au[13,30] - Growth capital of $89 million is planned over the next 4 years for expansion[13,30] - The company is commencing build-out of a larger processing facility than contemplated in the PEA, funded from internal cash flow over the next 18–24 months[16] Resources & Exploration - The Buckreef Gold Project has Measured & Indicated Resources of 893,000 oz Au at 2.57 g/t Au and Inferred Resources of 726,000 oz Au at 2.47 g/t Au[13,35,67] - Exploration upside includes the Stamford Bridge Zone, with drill results including 37 m @ 6.86 g/t Au from 130 m[30,55,56]

Industry Overview & Economic Impact - South Africa's gold mining industry is centuries old, but is currently in decline [1][21] - Illegal mining and gold theft have cost South Africa 41 billion Rand [2] - The South African government estimates losing potentially around 60 billion Rand in revenue due to illegal mining [4] - As of 2024, there are approximately 6,200 abandoned or derelict mines in South Africa [2] Illegal Mining & "Zama Zamas" - Illegal miners, known as "zama zamas" (meaning "try and try again"), enter abandoned mines to extract remaining deposits [3][4] - The majority of illegal miners are undocumented foreign nationals [10] - Illegal mining is considered a criminal activity and a war on the economy [2][8] - Some zama zamas are against formalization of artisanal mining, fearing reduced profits, while others simply want to be left alone due to government's failure to provide jobs [25] Government Response & Operation Vala Umgodi - Operation Vala Umgodi is a multidisciplinary law enforcement operation aimed at cracking down on illegal mining [4] - Vala Umgodi tactics include blocking routes used to deliver food to illegal miners [5] - The government initially refused to assist trapped miners, viewing them as criminals evading arrest [12][15] - The North Gauteng High Court ordered mine rescue services to begin operations to rescue illegal miners [17] Stilfontein Tragedy & Community Impact - The Stilfontein incident is described as a "massacre" due to the large number of deaths [1][16] - The architecture of the Stilfontein shaft, a two-kilometer drop with flooded tunnels, made escape difficult [7] - Community members stepped in to rescue illegal miners when the police refused [12][13][19] - The Stilfontein community experienced a shutdown of the local economy and is described as a "ghost town" [21] - There is anger and a desire for acknowledgement and compensation from the government for the loss of life [23][24]

Core Points - Baru Gold Corp is seeking to amend the expiry date of certain warrants from December 31, 2025, to February 15, 2026, subject to acceptance by the TSX Venture Exchange [1] - The company has a total of 25,143,465 warrants involved in this amendment, with no change to the exercise price of $0.10 per common share [1][2] Company Overview - Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources located in Indonesia, which is among the top ten gold-producing countries globally [2] - The company operates with a team that has extensive experience in starting and managing small-scale gold assets [2]

Core Insights - Newmont Corporation's shares have surged 79% in the past six months, driven by rising gold prices and strong earnings performance, supported by operational efficiency and a robust Tier 1 portfolio [1][7]. Stock Performance - NEM stock has outperformed the Zacks Mining – Gold industry's growth of 54.8% and the S&P 500's increase of 16% [2]. - Among peers, Barrick Mining Corporation, Agnico Eagle Mines Limited, and Kinross Gold Corporation have seen stock increases of 104.4%, 42%, and 81.7%, respectively, over the same period [2]. Technical Indicators - Technical indicators show bullish momentum for NEM, with the stock trading above its 200-day simple moving average (SMA) since April 9, 2025, indicating a long-term uptrend [5]. - A golden crossover occurred on April 16, 2025, with the 50-day SMA surpassing the 200-day SMA, further indicating a bullish trend [5]. Growth Projects and Portfolio Actions - Newmont is investing in growth projects, including the Ahafo North expansion in Ghana and the Cadia Panel Caves and Tanami Expansion 2 in Australia, aimed at increasing production capacity and extending mine life [10]. - The Ahafo North project is expected to produce between 275,000 and 325,000 ounces of gold annually over an estimated mine life of 13 years, with an initial production of 50,000 ounces expected this year [11]. - The acquisition of Newcrest Mining Limited has created a leading portfolio with a multi-decade production profile in favorable mining jurisdictions, achieving $500 million in annual run-rate synergies post-acquisition [12]. Strategic Focus and Divestitures - Newmont has divested non-core businesses to focus on Tier 1 assets, completing its non-core divestiture program in April 2025, which included the sale of operations in Ghana and Canada [13]. - The company anticipates generating $3 billion in after-tax cash proceeds from its 2025 divestiture program, supporting its capital allocation strategy [14]. Financial Health - Newmont has a strong liquidity position of $9.6 billion, including cash and cash equivalents of approximately $5.6 billion, and its free cash flow has more than doubled year-over-year to $1.6 billion [15]. - Over the past two years, Newmont has returned more than $5.7 billion to shareholders through dividends and share repurchases, with a commitment to deleveraging and reducing debt by roughly $2 billion [16]. Gold Price Dynamics - Gold prices have increased approximately 60% this year, driven by aggressive trade policies and central bank accumulation of gold reserves, which are expected to sustain the upward trend [17][18]. - The Federal Reserve's interest rate reductions and concerns over the labor market have contributed to the rally, pushing gold prices above $4,000 per ton for the first time [18]. Earnings Estimates and Valuation - Newmont's earnings estimates for 2025 have risen, with the Zacks Consensus Estimate currently at $6.06, indicating a year-over-year growth of 74.1% [20][21]. - The stock is trading at a forward price/earnings ratio of 12.56X, slightly below the industry's average of 12.74X, and offers a dividend yield of 1.1% with a payout ratio of 17% [19][21]. Investment Outlook - Newmont presents a compelling investment opportunity, supported by a strong pipeline of growth projects, solid Tier 1 operations, and a healthy financial foundation [24]. - The strategic focus on high-return, long-life assets, along with rising earnings estimates and favorable gold market trends, positions Newmont as an attractive option for investors [24].

Core Insights - Miata Metals Corp. has announced significant drill results from the Jons Trend Zone at its Sela Creek Gold Project in Suriname, confirming gold mineralization across a 750 m by 250 m corridor to a depth of 200 m, with potential for further expansion [2][6][8] - The drilling results indicate a substantial increase in the known mineralized footprint, with a 500 m step-out confirming continuity and expanding the Jons Trend by over 100% [2][7][9] - The company plans to accelerate its discovery-focused program in Q1 2026 with a fully funded two-rig program to explore multiple prospects simultaneously [6][8] Drilling Results - All drill holes at Jons Trend have intersected gold mineralization, with notable intervals including 54 m at 1.04 g/t gold and 34 m at 1.05 g/t gold [7][8][9] - Continuous gold mineralization is now apparent over a 750 m x 250 m area, open along strike and to depth, representing an increase in size of over 100% [7][8] - The average depth drilled so far is 134 m, with results from 2,755 m still pending [7][9] Geological Insights - The drilling at Jons Trend reveals wide, consistent intervals of gold mineralization hosted in strongly deformed quartz-pyrite-pyrrhotite veining within a thick turbidite sequence, indicating a large bulk-tonnage prospect potentially amenable to open-pit mining [8][10] - Reprocessing of geophysical data suggests that the main structures at Sela Creek may extend to a depth of 1.5 km, indicating the potential for deeper gold mineralization [2][10] Future Plans - The company aims to demonstrate that Sela Creek is the next major gold district in Suriname, with plans to enhance exploration efforts in 2026 [8][20] - Miata Metals holds a 70% interest in the Sela Creek Gold Project and is exploring options to acquire a full 100% interest [20]

Core Insights - Seabridge Gold has reported significant drilling results from the Snip North Deposit at the Iskut project, indicating a large and robust Porphyry Cu-Au system with mineralization defined over a strike length of 2,100 meters, a dip projection of 600 meters, and a width of up to 700 meters [1][2] Drilling Results - The recent drilling has intersected wide intervals of consistent gold and copper grades, with notable holes such as SN-25-31 to SN-25-42 designed to infill and characterize potassic alteration and replacement mineralization [4][5] - Drill hole SN-25-31 reported an interval of 293.0 meters with an average gold grade of 0.46 gpt and copper grade of 0.10% [6] - Other significant results include SN-25-34 with 538.9 meters at 0.52 gpt gold and 0.13% copper, and SN-25-38 with 392.5 meters at 0.57 gpt gold [6][7] Geological Characteristics - The mineralization is primarily confined to a broad zone of potassic alteration within Triassic Stuhini sedimentary and volcanic rocks, characterized by hydrothermal biotite and magnetite [3] - The system exhibits intense quartz-sericite-pyrite alteration, indicating high-temperature and high magmatic fluid flux, with significant molybdenum grades observed [4] Future Outlook - The company is confident in achieving a significant maiden resource estimate for Snip North in early 2026, with ongoing assays and modeling to further define the limits of mineralization [2][11] - There is potential for discovering a higher-grade intrusive source, as indicated by promising results from specific drill holes [2][11]

Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: GPGCF) (FSE: V3H) ("Great Pacific Gold," "GPAC," or the "Company") announces results from its expanded Phase 1 diamond drill program at its flagship Wild Dog Project ("Wild Dog" or the "Project"), located on the island of New Britain, East New Britain Province, Papua New Guinea ("PNG"). The Phase 1 program is focused on the Sinivit target, a portion of the 15 km Wild Dog epithermal structural c ...

Core Insights - Amaroq Ltd. has confirmed significant gold and copper mineralization at the Nanoq gold project in South Greenland, with drilling results exceeding pre-drill expectations and indicating the potential for a material gold deposit [2][3][4] Exploration Results - The 2025 exploration program included 4,807 meters of diamond drilling across 27 holes, successfully testing approximately 600 meters of strike length within the Nanoq Central Zone, with mineralized intervals averaging about 3.3 meters thickness at a grade of 9.98 g/t Au at depths of up to 70 meters [5][11] - High-grade intersections were reported, including 187.4 g/t Au over 1.5 meters and 19.6 g/t Au over 4.9 meters, all at shallow depths, with 63% of holes intersecting mineralization [5][19] - The geological mapping has extended the interpreted strike of the Central Zone to 1.5 kilometers and identified previously unrecognized mineralized structures with surface grades of up to 9.5 g/t Au [5][16] Geological Insights - The Nanoq project hosts gold-bearing quartz veins within a folded volcano-sedimentary sequence, with mineralization concentrated in fold hinges and steeply dipping sheared fold limbs, indicating a complex geological structure typical of significant orogenic gold deposits [15][19] - The presence of copper was also confirmed, with intersections showing up to 1.12% Cu over 0.5 meters, suggesting a potential for copper alongside gold [5][20] Future Development Plans - The company aims to fast-track resource drilling to establish a maiden resource in the near term, leveraging the confidence gained from the recent results [4][11] - Infrastructure solutions are being explored, including a short 3 km access road to facilitate efficient transport of material to the Nalunaq processing facility [12][13] Historical Context - The Nanoq project, first identified in the 1990s, has not been systematically explored until now, making the 2025 drilling program the first comprehensive exploration campaign since 1997 [9][11] - The project is emerging as a distinct geological system compared to the Nalunaq mine, with multiple gold-bearing veins and greater combined thickness near the surface, indicating its potential as a standalone project [8][11]

Core Insights - Amaroq Ltd. has confirmed significant gold and copper mineralization at the Nanoq gold project in South Greenland, with drilling results exceeding pre-drill expectations [2][3][4] Exploration Results - The 2025 exploration program included 4,807 meters of diamond drilling across 27 holes, successfully testing approximately 600 meters of strike length within the Nanoq Central Zone [5][9] - High-grade intersections were reported, including 187.4 g/t Au over 1.5 meters and 1.1% Cu over 0.5 meters at shallow depths [2][5] - 63% of the drilled holes intersected mineralization, with an average mineralized interval thickness of approximately 3.3 meters at a grade of 9.98 g/t Au [5][19] Geological Insights - The geological model has been strengthened, confirming the presence of multiple stacked mineralized zones and suggesting that mineralization remains open at depth and along strike [5][19] - Detailed mapping has extended the interpreted strike of the Central Zone to 1.5 kilometers, identifying previously unrecognized mineralized structures with high surface grades of up to 9.5 g/t Au [5][16] Future Development Plans - The company aims to fast-track resource drilling with the target of a maiden resource estimate in the near term, supported by existing camp infrastructure and strong liquidity [4][5] - A follow-up drilling program is planned for 2026, leveraging the insights gained from the 2025 exploration campaign [5][18] Metallurgical and Environmental Studies - Initial environmental baseline surveys have been launched to support future feasibility and permitting studies [21] - The company is engaging in metallurgical test work to assess how Nanoq material may perform within the existing Nalunaq processing flowsheet [22]

Core Viewpoint - Lingbao Gold (3330.HK) experienced a significant intraday increase of over 11%, reaching a new two-month high of HKD 18.32, with a total market capitalization of HKD 23.54 billion [1] Group 1: Acquisition Announcement - Lingbao Gold announced a share placement agreement with St Barbara Limited, under which the buyer conditionally agrees to acquire and the seller conditionally agrees to place 50% + 1 share of the target company, for a total consideration of AUD 370 million, equivalent to approximately RMB 1.735 billion based on an exchange rate of 1 AUD to RMB 4.6880 [1] - The key asset of St Barbara Mining is the Simberi gold mine located in Papua New Guinea, which, according to JORC standards, has gold resources of 153 tons and reserves of 81.2 tons, along with an operating processing plant with an annual capacity of 3.5 million tons [1] - The acquisition is expected to expand Lingbao Gold's resource base, enhance its competitiveness, and strengthen its overseas development [1]