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Banyan Gold Continues to Extend Powerline Mineralization Beyond Existing Resource and Between Deposits, AurMac, Yukon, Canada
Accessnewswire· 2025-12-09 11:30
Core Insights - Banyan Gold Corp. is expanding and upgrading the Powerline Deposit at its AurMac Project located in the First Nation of Na-Cho Nyäk Dun Traditional Territory, Yukon [1] - Recent diamond drillholes have intersected new high-grade domains, extending the mineralization of Powerline to a new area southwest of the main deposit [1] - The results demonstrate the continuity of high-grade mineralization in the central Powerline deposit and between the Airstrip Deposit [1]
Fury Gold Mines reports initial inferred MRE for Sakami gold project
Yahoo Finance· 2025-12-09 09:59
Core Insights - Fury Gold Mines has reported an initial inferred mineral resource estimate (MRE) for the La Pointe Extension target at the Sakami gold project, totaling 23.9 million tonnes grading 1.07 grams per tonne of gold, equating to 825,000 ounces [1][2] Group 1: Mineral Resource Estimate - The Sakami gold project MRE outlines 23.9 million tonnes grading 1.07 grams per tonne of gold, for a total of 825,000 ounces [1] - The MRE remains open in all directions, indicating potential for near-term growth to the northeast and southwest, as well as below the current open-pit limits [2] - The initial mineral exploration target at La Pointe is estimated to range between 8.1 million tonnes and 14.7 million tonnes, with grades between 1.57 grams per tonne and 1.11 grams per tonne of gold [2] Group 2: Discovery Cost and Acquisition - The discovery cost of the La Pointe Extension is estimated at less than C$9 per ounce (approximately $6.49 per ounce), which includes acquisition costs and drilling expenses [3] - Fury Gold Mines completed the acquisition of all issued and outstanding common shares of Québec Precious Metals in April this year [6] Group 3: Project Development and Future Potential - The CEO of Fury Gold Mines described the Sakami mineral resource estimate as an exciting milestone and a starting point for the project, emphasizing the potential for growth [4] - The Sakami project covers approximately 14,250 hectares and is located 30 kilometers east of the paved Billy Diamond Highway [5] - During the 2025 drilling campaign, the company completed seven diamond drill-holes totaling approximately 3,685 meters [5]
Golden Cariboo Closes Private Placement
Thenewswire· 2025-12-09 08:05
Core Viewpoint - Golden Cariboo Resources Ltd. has successfully closed the third and final tranche of a private placement, raising a total of $1,651,000 through the issuance of 33,020,000 shares, aimed at funding property exploration and general working capital [1][2]. Group 1: Private Placement Details - The third tranche raised $702,500 from the issuance of 14,050,000 units at a price of $0.05 per unit, with each unit consisting of one common share and one share purchase warrant [1]. - The total gross proceeds from all three tranches amount to $1,651,000, with a total of 33,020,000 shares issued [1]. - Finder's fees for the private placement totaled $81,200 and included 1,624,000 finder warrants across all tranches [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for property exploration and general working capital [2]. Group 3: Company Overview - Golden Cariboo Resources Ltd. is focused on the Quesnelle Gold Quartz Mine property, which is part of the historical Cariboo Gold Rush area, covering approximately 94,899 hectares (234,501 acres) [5]. - The Quesnelle Gold Quartz Mine property is located 4 kilometers (2.5 miles) northeast of Hixon, British Columbia, and features the Quesnelle Quartz gold-silver deposit, discovered in 1865 [6]. - The geological characteristics of the Quesnelle Gold Quartz Mine property show strong similarities to the Spanish Mountain gold deposit, which is recognized as a significant gold deposit type [6].
Coeur Mining: Why I Am Upgrading To A 'Buy' After The New Gold Deal (NYSE:CDE)
Seeking Alpha· 2025-12-09 05:13
Today's excitement and optimism about gold mining stocks is driven by the resumption of gold price growth. My forecast remains unchanged: a price of $5,000 per ounce of gold is a reasonable estimate for the endMy professional journey in the investment field began in 2011. Today, I combine the roles of an Investment Consultant and an Active Intraday Trader. This synergistic approach allows me to maximize returns by leveraging deep knowledge in economics, fundamental investment analysis, and technical trading ...
Coeur Mining: Why I Am Upgrading To A 'Buy' After The New Gold Deal
Seeking Alpha· 2025-12-09 05:13
Group 1 - The excitement and optimism surrounding gold mining stocks are attributed to the resumption of gold price growth, with a forecasted price of $5,000 per ounce by the end of the year [1] - The analysis combines macro-economic insights with real-world trading experience to identify profitable and undervalued investment opportunities primarily in the U.S. market [1] - The goal is to build a balanced portfolio of U.S. securities through actionable investment ideas [1] Group 2 - The analyst holds a beneficial long position in the shares of CDE, indicating confidence in the stock's performance [2] - The article expresses personal opinions and does not involve compensation from any company mentioned [2]
AJN Resources Inc. Signs Non-Binding Term Sheet to Acquire 55% Indirect Interest in Giro Gold Project
Newsfile· 2025-12-09 02:59
AJN Resources Inc. Signs Non-Binding Term Sheet to Acquire 55% Indirect Interest in Giro Gold ProjectDecember 08, 2025 9:59 PM EST | Source: AJN Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - AJN Resources Inc. (CSE: AJN) (FSE: 5AT) (AJN or the Company) is pleased to announce that it has entered into a non-binding term sheet with Amani Consulting SARL (Amani Consulting), Giro Goldfields SARL (Giro Goldfields) and Mabanga Mining SARL (Mabanga) pursuant to which ...
Rio2 Announces Upsize of Previously Announced Bought Deal Financing to C$166 Million
Globenewswire· 2025-12-09 02:08
Core Points - Rio2 Limited has increased its previously announced "bought deal" financing from C$140 million to approximately C$166 million due to strong investor demand, equating to about US$120 million [1] - The financing involves the purchase of 74,865,000 Subscription Receipts at a price of C$2.22 per receipt, resulting in gross proceeds of C$166,200,300 [1] - An over-allotment option has been granted to the underwriters, allowing them to purchase additional Subscription Receipts equal to 15% of the number sold, exercisable within 30 days following the closing date [2] - The expected closing date for the Equity Financing is around December 15, 2025, pending customary closing conditions and necessary approvals from the TSX [3] Company Overview - Rio2 Limited is a mining company focused on development and mining operations, particularly the Fenix Gold Project in Chile, aiming for production in the shortest timeframe possible [4] - The company emphasizes high environmental standards and responsible development, committing to exceed regulatory requirements to protect the environment [4]
Monument Mining Announces Results of Annual General Meeting of Shareholders
Globenewswire· 2025-12-09 01:15
Core Viewpoint - Monument Mining Limited held its Annual General Meeting (AGM) on December 08, 2025, with record participation of 43.23% of shares voted, and all proposed resolutions were passed with over 95% approval [2][3] Group 1: AGM Results - The AGM saw a record high participation with 43.23% of shares voted [2] - All resolutions proposed in the Information Circular dated October 27, 2025, were passed, including fixing the number of board members at five and appointing Davidson and Company LLP as auditors [2] - The board members confirmed for the upcoming year are Graham Dickson, Cathy Zhai, Zaidi Harun, Dato' Sia Hok Kiang, and Jean-Edgar de Trentinian [2] Group 2: Company Performance and Future Plans - Graham Dickson, Chairman, highlighted 2025 as a landmark year for the company, marked by substantial shareholder value appreciation and robust operational accomplishments [3] - The company is committed to developing and expanding its mineral assets to enhance value for all stakeholders as it moves into fiscal 2026 [3] Group 3: Company Overview - Monument Mining Limited is a Canadian gold producer that fully owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in Western Australia [4] - The company holds a 20% interest in the Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd [4] - Monument employs approximately 280 people and is dedicated to high standards of environmental management, social responsibility, and health and safety [4]
Galleon Gold Announces Grant of Stock Options
Newsfile· 2025-12-08 22:04
Toronto, Ontario--(Newsfile Corp. - December 8, 2025) - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) ("Galleon Gold" or the "Company") announces that pursuant to the Company's stock option plan, a total of 4,530,000 stock options have been granted to directors, officers, employees and consultants of the Company. The options are exercisable into one common share of the Company at a price of $0.73, vest immediately and expire on December 8, 2030. About Galleon GoldThe Company's strategy is to de-risk and advan ...
Gold Royalty adds BHP’s Brazil mine to portfolio in $70M deal
MINING.COM· 2025-12-08 21:05
Core Insights - Gold Royalty has agreed to acquire a royalty on the Pedra Branca mine for $70 million, enhancing its gold and copper exposure [1][2] - The acquisition includes a 25% net smelter return (NSR) royalty on gold and a 2% NSR royalty on copper and other products [2] - The Pedra Branca mine is currently operated by BHP Group, which has extended its mine life and reported increases in resources and reserves [7] Financial Aspects - The royalty expense recorded to the prior holder was approximately $7.9 million for the 12 months ended June 30, equivalent to about 2,800 gold-equivalent ounces at an average gold price of $2,811 per ounce [3] - To fund the acquisition, Gold Royalty plans to raise $70 million through a bought deal financing, selling 17.5 million common shares at $4.00 per share [5] - Gold Royalty's stock closed at $3.85, down 9.5%, with a market capitalization of $758.3 million [5] Operational Context - The Pedra Branca mine is part of the Carajás East operation, previously held by Oz Minerals, which began production in 2020 [6] - BHP took over the project through its acquisition of Oz in 2023 and has reported significant resource estimates, including 2.4 million tonnes at 1.68% copper and 0.47 g/t gold [7] - A pending acquisition of Pedra Branca by CoreX Holding BV, valued at up to $465 million, is subject to customary closing conditions [8]