Gold Mining
Search documents
Alamos Gold Extends High-Grade Mineralization Across the Island Gold Deposit and Nearby Regional Targets Including Best Hole Ever at Cline-Pick, Intersecting 178 g/t gold over 3.5 metres
Globenewswire· 2026-02-02 23:30
All amounts are in United States dollars, unless otherwise stated TORONTO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from underground and surface drilling at the Island Gold Mine. Exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit, as well as within several hanging wall and footwall structures, and delineation drilling continues to support the conversion of high-grade Miner ...
Gold Resource Corporation Announces Resumption of Operations as Illegal Blockade Lifted at Its Don David Gold Mine
Businesswire· 2026-02-02 23:18
Core Viewpoint - Gold Resource Corporation has resumed mining and processing operations at its Oaxaca mine following the lifting of an illegal blockade that had restricted access [1][2]. Group 1: Blockade Details - The blockade was initiated by approximately 20 employees of four contractors after their agreements were terminated due to a notice from the CTM union [2]. - The situation was resolved without incident, allowing operations to safely resume [1][2]. Group 2: Company Position - Gold Resource Corporation clarified that the dispute was an internal matter between union factions and the contractors, and the Company remained neutral throughout the process [3]. - The Company expressed gratitude to employees, union members, community stakeholders, and governmental partners for their patience and assistance in resolving the blockade [3]. Group 3: Company Overview - Gold Resource Corporation is a gold and silver producer, developer, and explorer, primarily operating at the Don David Gold Mine in Oaxaca, Mexico [4]. - The Company aims to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine, as well as develop the Back Forty Project in Michigan, USA [4].
Hennessy Capital Investment(HCICU) - Prospectus(update)
2026-02-02 22:27
As filed with the United States Securities and Exchange Commission on February 2, 2026. Registration No. 333-291924 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Hennessy Capital Investment Corp. VIII (Exact name of registrant as specified in its charter) Cayman Islands 6770 98-1872964 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Num ...
Osisko Development Appoints Vice President, Permitting and Compliance
Globenewswire· 2026-02-02 22:00
Core Viewpoint - Osisko Development Corp. has appointed Ms. Sarah Harrison as Vice President of Permitting and Compliance, effective February 2, 2026, to enhance its regulatory and environmental compliance capabilities in the mining sector [1][3]. Group 1: Appointment Details - Ms. Sarah Harrison brings over 13 years of experience in environmental assessment, reclamation, permitting, and regulatory compliance within the mining industry [2]. - Her previous roles include Project Manager at JDS Energy & Mining Inc. and Environmental Manager at Artemis Gold Inc's Blackwater Gold Mine, showcasing her extensive background in permitting and compliance [2]. Group 2: Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, particularly the Cariboo Gold Project in British Columbia, which is fully permitted and 100% owned by the company [4]. - The company aims to become an intermediate gold producer while maintaining a disciplined approach to capital allocation and development risk management [4].
FTSE hits record high as gold and oil tumble
Yahoo Finance· 2026-02-02 19:20
Group 1: Market Performance - The FTSE 100 reached a record high of 10,342 points, closing up 1.15% despite declines in gold and oil prices [4][6][8] - The FTSE 250 also hit a four-year high of 23,426 points, indicating strong performance in the mid-cap sector [6][8] - European stocks rallied, with France's CAC rising 0.8% and Germany's DAX advancing 1.1%, while the continent-wide Stoxx 600 index climbed just over 1% [9] Group 2: Commodity Prices - Gold prices fell sharply, down 3.6% to $4,649 an ounce, compared to nearly $5,600 the previous week, marking a significant decline [5][53] - Silver experienced a dramatic drop, plunging 30% on Friday and an additional 7% to $78.47, far below its record high of $121 [5][53] - Brent crude oil prices decreased nearly 5% to $66 a barrel, influenced by geopolitical developments and market sentiment [5][62] Group 3: Natural Gas Market - US natural gas futures dropped 26% to $3.21 per million British thermal units, marking the largest decline in 29 years due to forecasts for warmer weather [2] - Europe's TTF benchmark gas price fell 16.5% to €33.32 per megawatt-hour, easing supply concerns amid milder temperature predictions [2] Group 4: Bitcoin and Cryptocurrency - Bitcoin hit a 10-month low, falling below $80,000, with significant losses attributed to a broader market sell-off [3][50] - The CEO of the UK's largest Bitcoin company reported a loss of nearly $100 million but expressed intentions to continue purchasing Bitcoin [11][12] Group 5: Federal Reserve and Economic Outlook - The nomination of Kevin Warsh as the next Federal Reserve chairman has led to market volatility, with expectations of tighter monetary policy impacting investor sentiment [20][43] - Analysts predict that Warsh may lower interest rates while simultaneously reducing the Fed's balance sheet, aiming to support economic growth without increasing inflation [35][38]
Could SSR Mining Reach $50 in 2026? The Answer May Blow Your Mind.
Yahoo Finance· 2026-02-02 18:35
Core Insights - Spot gold prices have surged to over $5,000 per ounce, significantly impacting gold mining stocks like SSR Mining, which have seen even greater price appreciation due to operating leverage [1][2] - SSR Mining shares have increased by over 190% in the past year, while gold prices have risen by 72%, indicating a strong correlation between gold prices and mining stock performance [2] - The company owns profitable operating mines in various countries, including the U.S., Canada, Turkey, and Argentina, positioning it well in the market [3] Financial Performance - SSR Mining's revenue for Q3 2025 reached $385.8 million, a 49.9% increase from $257.4 million in Q3 2024, while net income surged by 813.6% to $57.1 million from $6.25 million [4] - Earnings per share (EPS) rose to $0.32 in Q3 2025, a 540% increase from $0.05 in Q3 2024 [4] - Annual sales are projected to rise from $1.6 billion to $2.4 billion, a growth of over 56%, with full-year earnings expected to increase from $1.74 per share in 2025 to $4.07 per share in 2026, reflecting the impact of rising gold prices [4] Market Outlook - Despite a potential pullback in gold prices, there is speculation about a further rally, which could lead to SSR Mining's stock price reaching $50 per share, more than double its current price [2][5] - The macroeconomic environment, including potential changes in monetary policy, may influence gold prices and, consequently, the performance of gold mining stocks [5][7]
Lode Gold Evaluates Underground Mining Potential at Dingman Gold Project (Ontario) & Initiates New Geological Model (MRE: 376,000 Oz Au M&I + 47,000 Oz Au Inferred)
TMX Newsfile· 2026-02-02 18:03
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - Lode Gold Resources Inc (TSXV: LOD) (OTCQB: LODFF) (the "Company" or "Lode Gold") is pleased to announce the initiation of a new geological model, including lithological and structural interpretations, for its wholly owned Dingman Gold Project located in Ontario, Canada, currently with a NI 43-101 resource of 376,000 Oz Au using 0.94 g/t Au cutoff in measured and indicated categories and 47,000 Oz Au in inferred category with a cutoff of 0. ...
Breaking Mining Stock Acquisition News - Eldorado (TSX: ELD) acquires Foran (TSX: FOM ) to create a sector-leading gold-copper mining company
Investorideas.com· 2026-02-02 17:18
Core Viewpoint - Eldorado Gold Corporation is acquiring Foran Mining Corporation to create a leading gold-copper mining company, enhancing growth potential and cash flow generation while diversifying its asset portfolio [2][3]. Transaction Overview - Eldorado will acquire all common shares of Foran, offering 0.1128 Eldorado shares and $0.01 in cash per Foran share, representing an 8.0% premium to Foran's 20-day volume-weighted average trading price [3]. - The transaction implies an equity value for Foran of approximately C$3.8 billion, with existing Eldorado and Foran shareholders owning approximately 76% and 24% of the combined company, respectively [3]. Strategic Rationale - The combined company is positioned for significant near-term growth with two fully financed projects, Skouries and McIlvenna Bay, expected to produce approximately 900,000 gold equivalent ounces in 2027 [4]. - Expected to generate approximately $2.1 billion in EBITDA and $1.5 billion in free cash flow in 2027, supporting growth initiatives and shareholder returns [5]. - The asset base will provide balanced exposure with approximately 77% gold, 15% copper, and 8% other metals across Canada, Greece, and Türkiye, ensuring jurisdictional and commodity diversification [6]. Exploration and Growth Potential - Eldorado aims to accelerate organic growth opportunities, including advancing Foran's high-grade polymetallic Tesla zone and maximizing exploration potential around existing assets [7]. - The merger is expected to create a compelling re-rate opportunity due to increased scale, trading liquidity, and enhanced Canadian exposure [7]. Sustainability Focus - The combined company will emphasize sustainability principles and carbon-efficient practices, aiming for transparent sustainability performance and GHG emissions mitigation [8]. Leadership Commentary - Eldorado's CEO highlighted the transaction's potential to create a stronger growth company with significant cash flow generation and multiple catalysts, emphasizing the importance of the combined portfolio and its geographical diversification [9]. - Foran's Executive Chair noted that the merger provides the scale and financial strength necessary to realize the full potential of McIlvenna Bay and advance both projects into production [9].
Minera Alamos Retains Velocity Trade Capital for Market Making Services
TMX Newsfile· 2026-02-02 17:01
Core Viewpoint - Minera Alamos Inc. has engaged Velocity Trade Capital Ltd. to provide market-making services aimed at improving share liquidity and reducing trading volatility [1][4]. Group 1: Market-Making Agreement - The company will pay Velocity Trade a monthly fee of C$6,000 for market liquidity services, with a termination clause allowing either party to end the contract with 30 days' notice after 60 days [2]. - Velocity Trade is an independent investment dealer registered in several Canadian provinces and regulated by multiple international authorities [3]. Group 2: Company Overview - Minera Alamos is a North American gold production and development company, owning the Pan Operating Complex in Nevada, which includes the Pan heap leach gold mine and the Gold Rock project [5]. - The company also owns the Copperstone mine in Arizona and several high-quality assets in Mexico, including the Santana mine and the Cerro de Oro project [5]. - The company's strategy focuses on becoming a leading intermediate gold producer in the Americas by increasing production and developing low-capital projects [5].
Why billionaire investor Thomas Kaplan isn't stressing about gold and silver's historic sell-off
Business Insider· 2026-02-02 16:38
Billionaire investor Thomas Kaplan says he's unfazed by the historic plunge in gold and silver prices — and expects the precious metals will rally to even greater highs. There's "every reason in the world to buy gold, and silver is just gold on steroids, up and down," Kaplan told Business Insider on Friday afternoon.Gold and silver soared to record highs last week before falling by around 10% and more than 30%, respectively, on Friday after President Donald Trump nominated Kevin Warsh as the Federal Reserv ...