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 ...

Company Overview - AngloGold Ashanti produced 2.66 million ounces of gold and 3.75 million ounces of silver in 2024, with significant operations in Africa employing nearly 28,000 people [1][2] - The company ranks 8 by market cap at $34.6 billion, 7 by revenue at $7.64 billion, and 4 by earnings at $3.02 billion over the last four quarters [2] Production and Operations - African operations produced 1.56 million ounces of gold last year and hold a mineral reserve of over 20 million ounces [1] - Australian operations generated 572,000 ounces of gold with reserves of 2.32 million ounces, employing over 1,700 workers [7] - In the Americas, AngloGold Ashanti produced 526,000 ounces of gold from three active mines, with a reserve of 6.3 million ounces [7] Financial Performance - In Q2 2025, the company reported sales of $2.44 billion, a 77% year-over-year increase, and a non-GAAP EPS of $1.25, more than double the previous year [9] - Free cash flow reached $535 million in Q2 2025, a 149% year-over-year increase [9] Dividend and Shareholder Returns - The company declared an interim dividend of 80 cents per share for Q2, supporting its dividend policy [10] - Analysts forecast a return of approximately 4% of market cap by February 2026 based on free cash flow [11] Analyst Ratings and Market Outlook - Patrick Jones from J.P. Morgan rates AngloGold Ashanti as a Top Pick, with a price target of $128, suggesting an 87% upside potential [12] - The consensus rating for AngloGold Ashanti is Moderate Buy, with an average price target of $80.56, indicating a 17.5% potential gain [12] Industry Context - Demand for gold has increased due to fiscal deficits, geopolitical risks, and currency stability concerns, with central banks accumulating bullion [5] - J.P. Morgan's Natasha Kaneva remains bullish on gold, projecting prices to rise from $4,131 per ounce to $5,055 by Q4 2026 [4]

Core Insights - Radisson Mining Resources Inc. announced assay results from fifteen new drill holes at its 100%-owned O'Brien Gold Project, indicating high-grade gold mineralization across multiple locations [1][2][30] - The ongoing drill program consists of 140,000 metres aimed at expanding the understanding of gold mineralization at the project [1][14] Summary by Sections Drill Results - Significant intercepts were reported in three separate step-out locations, including: - Between Trends 1 and 2 at 1,000 metres vertical depth - Beneath the historic "O'Brien Mine West" at 1,000 metres vertical depth - Beneath the historic "O'Brien Mine" at 1,100 metres vertical depth [2][17] - Notable drill hole results include: - OB-24-337W11: 7.00 g/t Au over 3.0 metres, including 12.60 g/t Au over 1.5 metres [2][15] - OB-25-371W4: 11.25 g/t Au over 2.5 metres, including 17.80 g/t Au over 1.5 metres [4][16] - OB-25-376W1: 9.16 g/t Au over 2.5 metres, including 14.70 g/t Au over 1.1 metres [4][17] Geological Context - Gold mineralization at O'Brien is associated with quartz-sulphide veins within a band of interlayered volcanic rocks and conglomerates, typically found in contact with the Larder Lake-Cadillac Break [11][12] - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au [13][30] Exploration Strategy - The step-out drilling program aims to test the extent of mineralization beneath the historic mine, utilizing pilot holes followed by wedges and directional drilling to enhance efficiency [14][15] - The company plans to increase the number of drill rigs from four to eight to expedite the ongoing exploration efforts [2][14] Future Outlook - The results from the recent drilling suggest continuity of high-grade mineralization and indicate potential for further resource growth at the O'Brien Gold Project [2][17] - The company is prioritizing the closure of gaps between mineralization trends through additional drilling [2][16]

Core Insights - Dryden Gold Corp. is actively participating in several upcoming investment conferences and roadshows in the United States and Europe, aiming to engage with new investors and update shareholders on recent developments [1][2][3] Conference Participation - The company will attend the New Orleans Investment Conference (NOIC) from November 2-5, 2025, and the Central Canada Mineral Exploration Convention (CCME) on November 3-4, 2025 [1][4] - CEO Trey Wasser will meet investors in Europe, while President Maura Kolb will present at NOIC and be available for questions [2] - Exploration Manager Ryan Humphries will present at the CCME and engage with attendees [3] Exploration Achievements - The company will share updates on its 2025 drill program, including pending results from the Gold Rock Camp and regional projects such as Hyndman and Sherridon [4] - Recent exploration highlights include the discovery of multiple high-grade gold-bearing structures at the Gold Rock Target Area, with ongoing drilling expanding the footprint [9] - Initial drilling at Mud Lake and positive results from channel sampling at Hyndman indicate potential for significant gold mineralization [9] Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and holds a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario [13] - The company has a strong management team with a track record in property acquisition, exploration success, and building shareholder value [13]

Group 1 - Provenance Gold Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $4,500,000 [1] - The Company issued 18,000,000 units at a price of $0.25 per unit, with each unit consisting of one common share and one-half of a share purchase warrant [2] - Each full warrant allows the holder to purchase an additional share at a price of $0.30 until October 27, 2030 [2] Group 2 - In connection with the offering, the Company paid $156,000 and issued 624,000 broker warrants to a brokerage firm [3] - All securities issued are subject to resale restrictions until February 28, 2026, and additional restrictions for subscribers until October 27, 2026 [3] Group 3 - The Company has granted 1,530,000 stock options to certain officers, directors, and consultants, with an exercise price of $0.30 per share [4] - These options have a term of sixty months and vest immediately [4] Group 4 - The Company continues its exploration efforts with two drill rigs operating at Eldorado West, with further assay results pending [5]

Core Viewpoint - West Red Lake Gold Mines Ltd. has initiated a fully funded infill and conversion drilling program at its 100% owned Rowan Project, aiming to enhance resource confidence and support future economic studies [1][3]. Summary by Sections Project Overview - The Rowan Project is located in the Red Lake Gold District of Northwestern Ontario, Canada, and is projected to produce 35,000 ounces of gold annually according to the Preliminary Economic Assessment (PEA) [1][3]. - The company aims to increase the combined production rate to up to 100,000 ounces per year in the coming years through successful permitting and development [3]. Drilling Program - The drilling program will consist of 5,000 meters of HQ diameter diamond drilling, focusing on infill drilling on Veins 001 and 004 and conversion drilling on Veins 006b and 013 [5]. - Approximately 63% of the tonnes and 72% of the ounces in the PEA are already classified as Indicated resources [5]. Economic Assessment - The PEA indicates robust preliminary economics for an underground mine at Rowan, with an average grade of 8.0 grams per tonne gold over a 5-year mine life [5]. - The combined Pre-Feasibility Study (PFS) is expected to be completed by Q3 2026, establishing a valuation benchmark for the total Red Lake assets [4]. Permitting and Regulatory Framework - The new One Project, One Process permitting framework in Ontario is anticipated to expedite the permitting process for projects like Rowan [4]. - The Advanced Exploration permit is targeted for approval in 2027, which is crucial for bulk sample extraction [5]. Resource Potential - The Rowan resource comprises 26 domains with multiple parallel veins, with significant potential for resource expansion and upgrade [7][10]. - The highest-grade intercept recorded at Rowan was 70.8 g/t gold over 8.3 meters, indicating potential for deeper mineralization [10]. Historical Context - Previous drilling campaigns primarily focused on visible gold in quartz veining, often neglecting surrounding rock, which may have led to an underestimation of the resource [9]. - The 2025 drilling program aims to fill gaps in historical data and reassess the potential of Veins 006b and 013 for mine design [9]. Company Background - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and the associated land package in the Red Lake district, which has historically produced over 30 million ounces of gold [23].

Core Insights - Amaroq Ltd. has announced significant new gold discoveries in South Greenland, with grades reaching up to 38.7 g/t Au, following its 2025 field exploration program [1][4][10] Exploration Highlights - The 2025 exploration program involved over 540 surface samples collected across 11 licenses, confirming multiple new gold zones and validating historical showings [3][4][5] - High-grade gold was discovered at Q-North Ridge with assays up to 28.6 g/t Au over a 2 km ridge, indicating substantial potential for future ore sourcing for the Nalunaq processing plant [6][9] - A gold-copper system was identified at Isortup Qoorua, with results showing up to 38.7 g/t Au and 1.98% Cu, marking a significant new discovery along the Nanortalik Gold Belt [6][10] - New orogenic gold targets were developed adjacent to the Nalunaq Gold Mine, with results up to 3.58 g/t Au and 0.54% Cu, confirming the potential for future satellite feed [6][9] - Additional discoveries included gold-bearing quartz veins at Tartoq and Ippatit, with grades of up to 3.1 g/t Au and 0.7 g/t Au respectively, and new findings at Grænseland with up to 3.9 g/t Au [6][12][13] Strategic Implications - The exploration results reaffirm the strategic nature of Amaroq's gold portfolio and its ability to build a multi-asset pipeline within one of Greenland's most prospective gold districts [4][8] - The systematic exploration program is yielding tangible discoveries, supporting the company's long-term growth objectives in Greenland [4][8]

Core Insights - Arafura Rare Earths (ASX:ARU) has become the most-discussed stock on HotCopper forums due to a trading halt likely related to a capital raise [2][3] - Resolution Minerals (ASX:RML) has made headlines with a significant gold discovery at the Horse Heaven project, although its shares have decreased by 12.5% to 7 cents [3] - CSL Limited (ASX:CSL) experienced a significant drop of 14.9% following disappointing quarterly results and an AGM, attracting over 24,000 views on its reporting thread [4] Company Summaries - **Arafura Rare Earths (ASX:ARU)**: The company is currently in the spotlight after announcing a trading halt, which is anticipated to be for a capital raise. The stock price is noted at 37.5 cents per share [2][3] - **Resolution Minerals (ASX:RML)**: The company has reported a significant gold discovery at its Horse Heaven project, but its stock has seen a decline of 12.5%, trading at 7 cents [3] - **CSL Limited (ASX:CSL)**: Following its quarterly reporting and AGM, CSL's shares fell by 14.9%, indicating market disappointment. The broader market also shifted down by 0.4% [4]

Core Points - The company has released three key documents: the Rebecca-Roe DFS, the results of the Never Never PFS, and the Mt Magnet-Dalgaranga Integration Study, along with a 5-year growth pathway targeting over 500,000 ounces of production [3] Group 1 - The 5-year growth pathway includes detailed guidance for FY '26 [3] - The company acknowledges the efforts of the team in preparing these documents, especially considering the recent Spartan transaction closure [4] - The presentation will focus on the growth pathway to 500,000 ounces, with references to specific slides during the call [4]

Core Viewpoint - The A-share market opened lower across all three major indices, indicating a bearish sentiment among investors [1] Market Performance - The Shanghai Composite Index opened down by 0.25% - The Shenzhen Component Index opened down by 0.58% - The ChiNext Index opened down by 0.9% [1] Sector Performance - Spot gold prices fell below the $4000 mark, leading to a widespread decline in gold stocks - The coal and semiconductor sectors also opened lower [1]