Toronto, Ontario--(Newsfile Corp. - October 28, 2025) - Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) ("Xtra-Gold" or the "Company") is pleased to provide a summary of its unaudited financial results for the three-month period ended September 30, 2025:Total Assets: US$19,332,270, comprised primarily of cash, marketable securities, and gold inventory ("Liquid Assets");Zero Debt;Total Income from Other Items (Q3 2025): US$3,259,554; andNet Income after tax (Q3 2025): US$2,269,119.The full Quarterly Fin ...

Core Viewpoint - Emperor Metals Inc. has resumed its drilling program at the Duquesne West Gold Project following a successful financing round of $11.1 million, aimed at advancing exploration and development efforts [2][3]. Summary by Sections Drilling Program and Financing - The company is excited to resume drilling after closing a financing round of $11.1 million, which will support exploration at both the Duquesne West and Lac Pelletier Gold Deposits [2]. - The next phase of drilling will involve 10,000 to 15,000 meters, focusing on resource expansion and delineation [5][12]. Resource Estimates and Geological Insights - The Duquesne West Gold Project has an Inferred Mineral Resource of 27.3 million tonnes grading 1.69 grams per tonne (g/t) gold, containing 1.46 million troy ounces of gold [4][18]. - Approximately 44% of the current resource is amenable to open-pit extraction, while 56% is potentially mineable via underground methods [3][4]. Strategic Objectives for 2025 - The 2025 drilling campaign will include an 8,000-meter historical core sampling program and a diamond drilling program targeting step-out zones [12]. - Key objectives include expanding the open pit footprint, increasing the thickness of high-grade lenses, and discovering new zones [13][14]. Historical Drilling Highlights - Significant historical drilling has been conducted, with over 120,000 meters completed, indicating substantial upside potential for resource expansion [3][10]. - Notable intercepts from the 2023 and 2024 drilling campaigns have successfully extended mineralized zones, contributing to the inferred resource expansion [10][11]. Technological Integration - The company is leveraging AI and machine learning to reinterpret geological models, revealing new opportunities for resource discovery [20]. Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration in Quebec's Southern Abitibi Greenstone Belt, with a commitment to unlocking the resource potential of the Duquesne West and Lac Pelletier Projects [26].

Core Insights - Perpetua Resources has secured $255 million through equity investments from Agnico Eagle Mines and JPMorganChase, marking a significant financial milestone for the company [1][2][5] - The funding will support the Stibnite gold project in Idaho, which aims to produce the only domestic reserve of antimony in the US and become a leading gold producer while restoring an abandoned mine site [1][4] Investment Details - Agnico Eagle has committed $180 million in common shares and will receive warrants to purchase up to 2,861,229 shares at premiums of 35%, 50%, and 65% over one, two, and three years, respectively [2][3][4] - JPMorganChase will invest $75 million in common shares and obtain warrants for up to 1,192,179 shares under similar premium conditions [3][4] Strategic Importance - The investment is viewed as a favorable financing option compared to gold royalty or stream agreements, enhancing shareholder value [2] - Perpetua Resources' CEO emphasized that the investments reflect confidence in the Stibnite Gold Project and align with America's critical mineral strategy [4][5] Use of Proceeds - The proceeds from the private placement will be allocated towards project development, exploration, working capital, and general corporate needs, alongside existing cash reserves and expected funding from a $2 billion project financing application submitted to the Export-Import Bank of the United States [5]

Core Insights - Newmont Corporation (NYSE:NEM) has been discussed in relation to gold prices, with Jim Cramer emphasizing Agnico Eagle as a more favorable investment compared to Newmont [2][3] - Newmont's third-quarter earnings report indicated a warning of weak fourth-quarter free cash flow due to increased spending, with a reported 8% decline in free cash flow attributed to unfavorable working capital impacts [2][3] Company Performance - Newmont's all-in sustaining costs are significantly higher than those of Agnico Eagle, which has been highlighted as a concern for investors [3] - The decrease in net cash provided by operating activities has been identified as a key factor in Newmont's financial struggles, leading to a negative outlook for the company's performance [3] Market Comparison - Cramer has consistently praised Agnico Eagle as a strong performer in the gold mining sector, suggesting that it is a better investment choice compared to Newmont [2][3] - The commentary indicates a broader market sentiment that favors certain AI stocks over traditional gold mining investments, suggesting a shift in investor focus [3]

Core Insights - Metals Creek Resources Corp. announced high-grade assay results from the Naybob West Zone, located 400m from the past-producing Naybob Gold Deposit on the Ogden Gold Project in Timmins, Ontario [1][5]. Exploration and Results - A second phase of prospecting/mapping was conducted in late September, following a previous program that identified a broad zone of alteration with quartz stockwork over a minimum width of 30m, returning high-grade gold assays ranging from 0.267 g/t to 7.59 g/t Au [2][3]. - Phase II focused on increasing sample density and expanding mineralization along strike, collecting 17 samples that returned gold mineralization ranging from 0.054 g/t to 12.3 g/t Au, with mineralization remaining open to the east and west [3][7]. - A flexure in the Naybob West zone indicates a change in orientation from easterly to north-easterly, which is considered highly prospective for gold mineralization in the Timmins Gold Camp [3]. Future Plans - Management is in the early stages of planning a trenching program to further evaluate the orientation of the mineralization zone and expand it along strike [4]. Project Overview - The Ogden Gold Project is an exploration-stage project within the Timmins Gold Camp, covering 8km of strike length of the Porcupine-Destor Break, a key conduit for gold mineralization [5][10].

Core Insights - Midland Exploration Inc. announced positive gold results from its Caniapisc Au project, indicating a successful follow-up exploration program that identified new gold-bearing boulders and significant assay values [1][3][4] Exploration Program Details - The autumn exploration program included geological mapping, prospecting, soil sampling, and a 2,001-kilometre magnetic and electromagnetic geophysical survey [3][4][9] - A total of 111 grab rock samples and 112 soil samples were collected during the follow-up campaign, with results for soil samples still pending [3][5] Key Findings - The exploration program identified several new gold-bearing boulders, with a maximum assay value of 24.5 g/t Au from a selected grab sample [4][8] - Out of the rock samples, 16 returned gold values exceeding 0.5 g/t, including eight samples greater than 2.0 g/t Au [4][5] - A specific boulder returned a value of 19.2 g/t Au, while another returned 11.9 g/t Au, indicating a promising mineralization potential in the area [8] Geological Context - The Caniapisc Au project is located within the Ashuanipi Subprovince, characterized by a volcanosedimentary belt with historical exploration highlighting the potential for various mineralizations [10] - Previous till sampling surveys in the area identified gold anomalies, suggesting further exploration opportunities [10] Quality Control Measures - Rock and soil samples were analyzed at Actlabs laboratories, employing industry-standard quality assurance and control practices [12]

The precious-metal reversal isn't making much sense, but it appears investors have decided it's time to sell after a stellar run. ...

Core Viewpoint - Minera Alamos re-affirms its 2025 production and cost guidance for the Pan mine, highlighting its transition into a growing U.S. gold producer with significant cash flow expected in Q4 2025 [1][3][6] Group 1: Production and Financial Guidance - The Pan Mine is projected to produce between 30,000 to 40,000 ounces of gold in 2025 at an all-in sustaining cost (AISC) of $1,600 to $1,700 per ounce [6] - The forecast for Q4 2025 is to meet or exceed planned production of 8,500 to 9,000 ounces of gold, with all ounces produced being attributed to Minera Alamos [6] - Year-to-date gold production for Q3 2025 was approximately 26,100 ounces at an AISC of about $1,675 per ounce sold [6] Group 2: Operational Updates - The first gold pour under Minera Alamos ownership occurred on October 7, 2025, marking a significant milestone for the company [3][6] - The Pan Mine has been in continuous production since 2017, producing over 335,000 ounces to date, with 35,228 ounces sold in 2024 at a cash cost of $1,473 per ounce [4][6] - Recent expansions of leach pads have increased stacking capacity, supporting ongoing production and future growth [4] Group 3: Company Overview - Minera Alamos operates the Pan Mining Complex in Nevada, which includes the Pan heap leach gold mine and two other development projects [8] - The company also owns the Copperstone mine in Arizona and maintains a portfolio of high-quality assets in Mexico, including the Santana and Cerro de Oro projects [8] - The strategy of Minera Alamos focuses on developing low capital expenditure assets while expanding resources and pursuing strategic acquisitions [8]

ROUYN-NORANDA, Quebec, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB : ABMBF) is pleased to announce the receipt of its environmental certificate of authorization for custom milling of ore from off-site deposits at its Sleeping Giant mill. This certificate of authorization allows Abcourt to begin commercial discussions with potential clients, accelerate the environmental authorization process, and begin processing gold ore from mining compani ...

Core Viewpoint - Total Metals Corp. has successfully closed the acquisition of the High Lake and West Hawk Lake projects from McFarlane Lake Mining Corporation for CAD $9.25 million, which includes a historic mineral resource estimate of over 300,000 ounces of gold, indicating significant exploration potential and strategic advantages in processing and infrastructure [1][2][3]. Acquisition Details - The acquisition was completed for a total consideration of CAD $9.25 million, paid through the issuance of 3,333,333 common shares at a deemed price of CAD $0.60 per share [5]. - The projects are located in a mining-friendly jurisdiction with established infrastructure, which supports manageable costs and timelines for exploration and development [6]. - The High Lake project has a NI 43-101 compliant mineral resource with high grades and multiple high-grade drill intercepts, while West Hawk Lake has a history of underground development and recent drilling [3][6]. Financial Aspects - The company has closed a second tranche of a non-brokered private placement financing, raising a total of CAD $10 million, which will be allocated towards the acquisition, exploration activities, and working capital [9][11]. - Following the financing, Total Metals will have approximately CAD $10.4 million in available cash [11]. Strategic Implications - The acquisition is expected to enhance Total Metals' growth potential through exploration drilling and the possibility of toll-milling partnerships to process higher-grade ore, thus avoiding the need for costly on-site processing facilities [2][3]. - The proximity of the projects allows for shared infrastructure and centralized processing, which supports a scalable development pathway [3][6]. Regulatory Compliance - The company is required to file a technical report in compliance with National Instrument 43-101 within 45 days of the acquisition [7][8].