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Newmont’s Ahafo North enters commercial production
MINING.COM· 2025-10-27 15:02
Core Insights - Newmont's Ahafo North project in Ghana has officially commenced commercial production, marking a significant achievement in West Africa's mining sector [1][2] - The project is expected to add approximately 300,000 ounces to Newmont's annual gold output, with an estimated annual yield of 275,000 to 325,000 ounces over an initial 13-year lifespan [6][7] - Ahafo North is considered a cornerstone asset for Newmont, with reserves of about 4.6 million ounces, and is described as "the best unmined gold deposit in West Africa" [4] Project Development - The Ahafo North project is part of a broader development program that included infrastructure construction, processing facility commissioning, and workforce development [2] - The project consists of four open-pit mines and a standalone mill located 30 km from the existing Ahafo South operations, which have been active since 2006 [4] - The first gold pour was achieved on September 19, 2023, indicating the completion of key developments earlier this year [4] Strategic Importance - The commencement of commercial production at Ahafo North is viewed as a significant milestone for Newmont and its partners in Ghana, reflecting the company's commitment to operational excellence [5] - Following the divestment of the Akyem mine in April 2025, Ahafo North will serve as Newmont's second operational site in Ghana [6] - When combined with Ahafo South, the total expected annual production from the Ghanaian operations is around 750,000 ounces of gold [7]
North Bay Resources Announces Assays >2.9 Ounces per Ton Gold, Fran Gold Project, British Columbia
Globenewswire· 2025-10-27 13:00
BISHOP, Calif., Oct. 27, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce assays of 0.4 to >2.9 ounces per ton gold, Fran Gold Project, British Columbia. Four samples of ~5lbs each were taken from alternating supersacks, as part of a 20 ton test shipment, and assayed by ALS Global, North Vancouver, BC using fire assay method Au-AA25: Sample numberWeight lbs.Weight kg.Au Ounces per TonAu Grams per Tonne25FRTB-14.42.00.4114.025FRTB-47.83.52.6 ...
Gold Prices and Miner Stocks Keep Falling. That’s a Surprise.
Barrons· 2025-10-27 12:43
Core Insights - Gold prices and miner stocks are experiencing a decline, surprising investors who expected a different trend following a recent surge in gold prices [2]. Group 1: Market Trends - Newmont's stock is falling alongside a sustained pullback in gold prices, indicating a broader trend affecting gold mining companies [2]. - Investors are selling shares in gold miners, reflecting a shift in market sentiment after a strong performance of gold recently [2].
Alamos Gold Announces Closing of the Sale of its Turkish Development Projects
Globenewswire· 2025-10-27 12:16
Core Points - Alamos Gold Inc. has completed the sale of its wholly owned Turkish subsidiary, Doğu Biga Madencilik Sanayi ve Tic. A.Ş., for a total cash consideration of $470 million [2] - The transaction includes an initial cash payment of $160 million, with additional anniversary payments of $160 million and $150 million due on the one-year and two-year anniversaries, respectively [3] Company Overview - Alamos Gold Inc. is a Canadian-based intermediate gold producer with diversified production from three operations in North America, including the Island Gold District and Young-Davidson mine in Ontario, Canada, and the Mulatos District in Sonora, Mexico [4] - The company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba, Canada [4] - Alamos employs over 2,400 people and is committed to sustainable development [4]
Osisko Development Files Early Warning Report Regarding Falco Resources Ltd.
Globenewswire· 2025-10-27 12:00
MONTREAL, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports that, on October 17, 2025, Osisko Development acquired, indirectly through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. ("BGM"), 6,250,000 units of Falco Resources Ltd. ("Falco") (each, a "Unit") at a price of C$0.32 per Unit for an aggregate purchase price of C$2,000,000, in connection with a "bought deal" private placement of 41,005,000 Units completed by ...
Dateline Advances BFS, Prepares to Test Gold & REE Targets
Accessnewswire· 2025-10-27 12:00
Core Insights - Dateline Resources Limited has provided an update on its drilling activities at the Colosseum Gold-REE Project in California, indicating progress in its exploration efforts [1] Drilling Activities - The drilling program is nearly complete, with three drill rigs currently operating on site: one diamond rig and two reverse circulation (RC) rigs [1] - An additional sonic rig was previously supporting the program but has completed its tailings stability work and has been demobilized [1]
Lahontan Recieves $4,316,948 From the Exercise of Warrants and Options
Accessnewswire· 2025-10-27 11:30
Core Points - Lahontan Gold Corp. received Cdn $4,316,948 from the exercise of warrants and stock options between July 4 and October 23, 2025 [1] - Following the exercises and the issuance of shares related to the York unpatented mining claims at the Santa Fe Mine Project, the company has 334,420,221 common shares issued and outstanding [1]
Gold Royalty Announces Participation in Red Cloud's 2025 Fall Mining Showcase in Toronto
Newsfile· 2025-10-27 11:30
Group 1 - Gold Royalty Corp. will present at the Red Cloud Fall Mining Showcase 2025, inviting shareholders and interested parties to learn about the company's latest developments [1][2] - The annual conference will take place in-person at the Sheraton Centre Toronto Hotel on November 4 & 5, 2025, featuring presentations from industry leaders [2] - John Griffith, Chief Development Officer of Gold Royalty, is scheduled to present on November 4th at 11:20 am Eastern Standard Time [2] Group 2 - Gold Royalty Corp. focuses on providing creative financing solutions to the metals and mining industry, aiming to invest in high-quality, sustainable mining operations [3] - The company has a diversified portfolio of over 250 royalties located in mining-friendly jurisdictions throughout the Americas, which offers lower risk exposure to gold [3] - The mission of Gold Royalty is to generate superior long-term returns for shareholders through its royalty and streaming interests [3]
Eminent Stakes Key Claims at HSRP as Drilling Progresses and New Targets Emerge
Prnewswire· 2025-10-27 11:03
Core Insights - Eminent Gold Corp. has expanded its Hot Springs Range Project (HSRP) in Humboldt County, Nevada, by staking a new claim package, bringing the total area to approximately 3,941 hectares [1][5] - The newly acquired claims, totaling 441 hectares, are strategically located over anomalies identified in a recent gravity survey, which may indicate potential gold deposits [2][5] - The project is situated near the Getchell Trend, a region known for high-grade Carlin-style gold deposits, enhancing the potential for significant gold exploration [1][5] Project Details - The new claims are located in the northwest portion of HSRP and are associated with a high-density anomaly interpreted as a possible magmatic intrusion, which is crucial for gold mineralization in Nevada [2][3] - A distinct gravity low in the area is interpreted as a weathered basin, which is also a prospective target for gold exploration due to its geological characteristics [4][5] - The Chief Geologist of Eminent Gold Corp. emphasized the importance of these new claims in evaluating the broader potential of the emerging gold district while advancing core drilling at the Otis target [5] Company Overview - Eminent Gold Corp. is focused on gold exploration in Nevada, aiming to create shareholder value through the discovery of world-class deposits [10] - The company employs modern exploration techniques to uncover new gold systems in underexplored regions, with a portfolio that includes the Hot Springs Range Project, Gilbert South, and Celts [10]
Awalé Extends BBM Gold Mineralization at Depth, Including 3.3 g/t AuEq. over 21m, Indicating Emerging Underground Potential
Newsfile· 2025-10-27 11:00
Awalé Extends BBM Gold Mineralization at Depth, Including 3.3 g/t AuEq. over 21m, Indicating Emerging Underground PotentialOctober 27, 2025 7:00 AM EDT | Source: Awale Resources Ltd.HIGHLIGHTSTwo step-back holes extend down-plunge mineralization by 400m to a known depth of 570m.54m @ 1.9 g/t AuEq. from 494m downhole in hole OEDD-152, including 21m at 3.3 g/t AuEq.38m @ 1.4 g/t AuEq. from 635m downhole in hole OEDD-153, including 12m @ 2.0 g/t AuEq.Shallow drilling also confirms continuity of m ...