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Orezone Intercepts 3.28 g/t Gold Over 26.00m and 5.55 g/t Gold Over 15.00m at P17 Zone in Advance of Hard Rock First Gold
Globenewswire· 2025-12-03 22:29
VANCOUVER, British Columbia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to report shallow, high-grade confirmatory grade control drill results from the P17 Zone at its flagship Bomboré Gold Mine. The P17 Zone is a high-grade hard rock deposit outcropping at surface located at the southern end of the Bomboré mining lease. In addition to several phased oxide pits, which have locally been advanced into the hard rock, t ...
Orezone Intercepts 3.28 g/t Gold Over 26.00m and 5.55 g/t Gold Over 15.00m at P17 Zone in Advance of Hard Rock First Gold
Globenewswire· 2025-12-03 22:29
VANCOUVER, British Columbia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to report shallow, high-grade confirmatory grade control drill results from the P17 Zone at its flagship Bomboré Gold Mine. The P17 Zone is a high-grade hard rock deposit outcropping at surface located at the southern end of the Bomboré mining lease. In addition to several phased oxide pits, which have locally been advanced into the hard rock, t ...
Scottie Announces Closing of Its Previously Announced Non-Brokered Financing
Newsfile· 2025-12-03 22:00
Core Points - Scottie Resources Corp. has successfully closed a non-brokered private placement financing, issuing 11,327,420 charitable flow-through shares at a price of $2.14 per share, resulting in gross proceeds of $24,240,678.80 [1][3] - Ocean Partners UK Limited led the offering with an investment of approximately $5 million, contributing to a total of $6,903,224.84 in charitable flow-through funding [1][6] - The proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Scottie Gold Mine Project in British Columbia [3] Financial Details - The cash commissions paid to finders in connection with the offering amounted to $153,450, along with the issuance of 99,000 non-transferable finder's warrants, each allowing the purchase of one common share at an exercise price of $1.76 for 24 months [4] - The offering is subject to final acceptance from the TSX Venture Exchange, with all securities issued being subject to a hold period expiring on April 4, 2026 [5] Shareholder Information - Following the investment, Ocean Partners' ownership increased from approximately 10.87% to 13.51% of the company's issued and outstanding common shares [6] - The investment by Ocean Partners is classified as a related-party transaction, and the company is relying on exemptions from minority shareholder approval and formal valuation requirements [8] Company Overview - Scottie Resources Corp. holds a 100% interest in the Scottie Gold Mine Property, which includes the Blueberry Contact Zone and the past-producing Scottie Gold Mine [9] - The company also owns the Georgia Project and the Cambria Project properties, totaling approximately 58,500 hectares of mineral claims in the Stewart Mining Camp within the Golden Triangle of British Columbia [10][11]
Fortitude Gold Declares December 2025 Monthly Dividend
Accessnewswire· 2025-12-03 21:15
**COLORADO SPRINGS, CO /[ACCESS Newswire](https://www.accessnewswire.com/)/ December 3, 2025 /**Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.01 per common share payable on December 31, 2025 to shareholders of record as of December 19, 2025. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.Dividends may vary in amount and consistency or be discontinued at ...
Zacks Small-Cap Research Initiates Coverage on Nasdaq listed Blue Gold Limited
Globenewswire· 2025-12-03 20:30
- Zacks Small-Cap Research and Senior Analyst Tom Kerr, CFA, today initiated independent research coverage of Blue Gold Limited - Initiation of Vertically Integrated Gold Fintech Company with A Price Target Of $20.00 NEW YORK, NY, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Blue Gold Limited (Nasdaq: BGL) (“Blue Gold” or the “Company”), a next-generation gold development and technology company, today announced that Zacks Small-Cap Research ("Zacks") has initiated equity research coverage on the Company. The full equ ...
Appian backs Atlantic Group’s buyout of Barrick mine with $150M funding
MINING.COM· 2025-12-03 17:32
Core Insights - Appian Capital Advisory has provided a $150 million financing package to support Atlantic Group's acquisition of the Tongon gold mine from Barrick Mining [1][3] - The acquisition deal is valued at up to $305 million, with Barrick receiving an initial cash payment of $192 million and potential additional payments of $113 million based on gold prices and resource milestones [2] Financing Details - The financing package includes a senior secured debt facility and a gold stream agreement [3] - Atlantic Group will implement a downside gold price protection program to mitigate risks associated with Tongon's cash flows [3] Mine Overview - The Tongon mine has contributed over $2 billion to the Ivorian economy since its production began in 2010, through taxes, infrastructure projects, salaries, and local supplier payments [4] - The mine has proven and probable reserves of 620,000 ounces and measured and indicated resources of 700,000 ounces [5] Future Production - The Tongon mine is expected to produce approximately 140,000 ounces of gold in 2025, maintaining a similar output level to the previous year [7]
The Sanctions Battleground No One Saw Coming: Verified vs Unverified Gold (NASDAQ:SMX)
Accessnewswire· 2025-12-03 17:00
NEW YORK, NY / ACCESS Newswire / December 3, 2025 / A new front in global sanctions enforcement is opening, and it is not happening through banks, shipping logs, or border checkpoints. It is happening inside the gold supply itself. ...
Minnova Corp. Announces Closing of Brokered LIFE Offering for Gross Proceeds of C$4.82 Million
Newsfile· 2025-12-03 16:56
Core Viewpoint - Minnova Corp. has successfully closed a brokered private placement offering, raising gross proceeds of C$4.82 million to support its PL Gold Mine Project and general corporate purposes [1][3]. Group 1: Offering Details - The offering consisted of the sale of 12,900,000 units at C$0.20 each and 9,739,800 flow-through units at C$0.23 each, totaling C$4,820,154 [1]. - Each unit includes one common share and one warrant, while each flow-through unit includes one common share and one warrant classified as a "flow-through share" [2]. - The warrants allow holders to purchase common shares at C$0.30 until December 3, 2028 [2]. Group 2: Use of Proceeds - The net proceeds will be allocated to the exploration and advancement of the PL Gold Mine Project in Manitoba, along with working capital and general corporate purposes [3]. - Proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the PL Gold Mine Project, with expenditures to be renounced in favor of FT Unit purchasers by December 31, 2025 [4]. Group 3: Regulatory Compliance - The offering was conducted under the listed issuer financing exemption, allowing for the sale of units to Canadian purchasers [5]. - Flow-through units were sold under accredited investor and minimum amount investment exemptions, with a hold period expiring on April 4, 2026 [6]. Group 4: Financial Arrangements - Red Cloud Securities Inc. acted as the sole agent and bookrunner, receiving cash fees of C$256,809.24 and 1,196,388 non-transferable common share purchase warrants as compensation [7]. Group 5: Company Overview - Minnova Corp. is focused on restarting and expanding its 100%-owned PL Gold Mine in Manitoba, which has significant existing infrastructure [12]. - A positive 2018 Feasibility Study indicated a robust 5-year mine life with an annual production rate of 46,493 ounces, and the company is revising its development plan to prioritize lower-cost open pit mining methods [13]. - The current global gold resource remains open for expansion, with a Mineral Resource Estimate revision planned for 2026 [14].
Barrick Mining Options Trading: A Deep Dive into Market Sentiment - Barrick Mining (NYSE:B)
Benzinga· 2025-12-03 16:01
Core Insights - Financial giants are showing a bearish sentiment towards Barrick Mining, with 58% of traders indicating bearish tendencies and only 25% being bullish [1] - The trading activity suggests a price range focus between $37.0 and $48.0 for Barrick Mining over the last three months [2] - Recent options trading data indicates significant liquidity and investor interest, particularly within the $37.0 to $48.0 strike price range [3] Options Activity - In the last 30 days, Barrick Mining has seen notable options activity, with a mix of bullish and bearish trades [4] - The largest options trades include bearish puts valued at $178,000 and bullish calls valued at $113,500 and $59,300, indicating mixed market sentiment [7] Company Overview - Barrick Mining, based in Toronto, is one of the largest gold miners globally, producing approximately 3.9 million ounces of gold and 195,000 metric tons of copper in 2024 [8] - The company has significant gold and copper reserves, with ongoing projects in Zambia and Pakistan [8] Market Analysis - Analysts have set an average target price of $47.5 for Barrick Mining, with some firms maintaining a Buy rating and setting targets as high as $48 [9][10] - The current stock price is $41.26, reflecting a 0.56% increase, with a trading volume of 2,721,803 [12]
Will Segovia and Marmato's Growth Prospects Drive Aris Mining's Momentum?
ZACKS· 2025-12-03 15:30
Core Insights - Aris Mining Corporation (ARMN) is enhancing its position in the gold mining sector through improved operational performance and growth prospects driven by expansion initiatives [1][3] Group 1: Operational Performance - In Q3 2025, ARMN's total gold production reached 73,236 ounces, marking a 36.6% year-over-year increase [1][7] - The Segovia mine's performance improved significantly due to the commissioning of its second mill, which increased processing capacity and output [1][7] - Segovia processed 219,550 tonnes of gold in Q3, reflecting a 31.6% increase year-over-year [1][7] Group 2: Long-term Growth Prospects - The Marmato operation is identified as a long-term growth catalyst, with steady production from the upper mine and ongoing development of the Bulk mining zone [2][3] - First gold exploration in the Bulk mining zone is anticipated in the second half of 2026, which is expected to diversify ARMN's production base [2] Group 3: Market Position and Valuation - ARMN's shares have surged 278% over the past year, outperforming the industry growth of 117.4% [6] - The company is currently trading at a forward price-to-earnings ratio of 6.64X, significantly lower than the industry's average of 13.44X [9]