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Geotechnical Drilling Starts at Central Gawler Mill
Accessnewswire· 2025-10-22 22:46
Results to inform detailed TSF1 mine design, schedule and costs ADELAIDE, AU / ACCESS Newswire / October 22, 2025 / Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) (Barton or the Company) is pleased to confirm that geotechnical drilling has started in support of a recently launched Definitive Feasibility Study for 'Stage 1' production (Stage 1 DFS) at the Company's South Australian Challenger Gold Project (Challenger).1 The planned program includes 5 sonic drilling holes to recover TSF1 materi ...
Sixty North Gold Announces Non-Brokered $1,500,000 Unit Offering
Newsfile· 2025-10-22 22:00
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to announce that the Company intends to complete a non-brokered financing of up to 13,636,363 units (the "Units") at an offering price of $0.11 per Unit to raise gross proceeds of up to $1,500,000 (the "Offering") subject to applicable securities laws and CSE policies. Each Unit will be comprised of one common share (each, ...
China's Gold Binge May Eclipse US Dollar, Says Top Economist
Yahoo Finance· 2025-10-22 21:31
Group 1 - China is significantly influencing the rise in gold prices through central bank purchases, arbitrage trading, and increased demand for gold as a safe haven among households [2][4] - Central banks globally are expected to hold more gold than U.S. dollars, indicating a shift in reserve currency dynamics [3] - China's central bank has been accumulating gold reserves since 2022, which could impact the global economy and the status of the U.S. dollar [5] Group 2 - Gold prices have surged past $4,000 per ounce, benefiting gold miners, with prices up nearly 50% year-to-date [5] - Market forecasts suggest gold prices could reach $5,000 by 2026 and $10,000 by 2030 [5] - A recent sell-off occurred in the gold mining sector, with the VanEck Gold Miners ETF dropping 9.42% and Newmont Corp. shares falling 9.03% following a more than 5% decline in bullion prices [6]
Asante Gold Announces Results of Annual General & Special Meeting of Shareholders
Globenewswire· 2025-10-22 21:30
Core Points - Asante Gold Corporation held its annual general and special meeting of shareholders on October 21, 2025, with approximately 52% of outstanding common shares represented [1] - All matters presented for approval by management were duly authorized and approved, including the fixing of the number of directors, appointment of auditors, and approval of incentive plans [1][3] Voting Results - The resolution to fix the number of directors at seven was approved with 373,256,704 votes for (100%) and 1,605 votes against [2] - The appointment of auditors received 373,256,704 votes for (100%) with 1,605 votes withheld [2] - The Omnibus Equity Incentive Plan was approved with 349,100,456 votes for (99.68%) and 1,117,932 votes against [2] - The Employee Share Purchase Plan was approved with 320,412,590 votes for (91.49%) and 29,805,798 votes against [2] Election of Directors - Bashir Akwasi Ahmed was elected with 281,855,663 votes for (80.48%) and 68,362,725 votes withheld [2] - David Anthony was elected with 327,736,313 votes for (93.58%) and 22,482,075 votes withheld [2] - Malik Easah was elected unanimously with 350,217,663 votes for (100%) [2] - Other directors elected include Alex Heath, Alireza Abbassi Monjezi, Roger Norwich, and Alexander Smirnov with varying levels of support [2] Security Based Compensation Plans - Shareholders approved the Omnibus Plan, which is a "rolling" 10% plan allowing for various types of equity grants [5] - The Employee Share Purchase Plan (ESPP) is a "fixed" plan allowing for the issuance of up to 6,000,000 common shares to eligible employees [5] - The total number of common shares reserved for these plans must not exceed 10% of the company's total issued and outstanding common shares [5] Company Overview - Asante Gold Corporation is engaged in gold exploration, development, and operations, with projects and mines located in Ghana [6] - The company operates the Bibiani and Chirano Gold Mines and is conducting studies at the Kubi Gold Project [6] - Asante is exploring additional projects including Keyhole, Fahiakoba, and Betenase, all situated in Ghana's Golden Triangle [6]
Axcap Announces Closing of Upsized $9.2 Million Financing
Accessnewswire· 2025-10-22 21:10
Contact Us Back to the Newsroom Axcap Announces Closing of Upsized $9.2 Million Financing Wednesday, 22 October 2025 05:10 PM Topic: Financing Not for distribution to United States newswire services or for release publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the United States. Qualified Person Mr. Blake Mclaughlin, P.Geo., registered with the Professional Geoscientists Ontario, Executive Vice President of Development, is considered a "Qua ...
Sixty North Gold Announces Closing of First Tranche of Unit Offering
Newsfile· 2025-10-22 21:05
Core Viewpoint - Sixty North Gold Mining Ltd. has successfully closed its first tranche of financing, raising $257,100 through the sale of 4,285,000 units, which will be utilized for exploration and development of its Mon Gold Property and general working capital [1][4]. Financing Details - Each unit is priced at $0.06 and consists of one share and one-half of a common share purchase warrant, with each whole warrant exercisable at $0.10 for twelve months [2]. - If the market price exceeds $0.15 for ten consecutive trading days, the company can require warrant holders to exercise their warrants within 30 days [2]. - The offering's securities will have a resale restriction until February 23, 2026, and finder's fees of $8,000 in cash and 133,333 finder's warrants were paid [3]. Use of Proceeds - The net proceeds from the offering will be allocated towards further exploration and development of the Mon Gold Property in Northwest Territories, as well as for general working capital needs [4]. Company Overview - Sixty North Gold is focused on developing gold mining operations at its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore and recovered an estimated 15,000 ounces of gold in the 1990s [5]. - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in various zones to support a 100 tonnes per day gravity-flotation mill [5]. Additional Exploration Potential - The property also contains additional gold, silver, and base metal targets that will be explored as warranted [6]. - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 grams per tonne (gpt) and others averaging 15 gpt, contributing to over 14 million ounces of gold produced [6].
Signature Resources Provides Update on Non-Brokered Private Placement and Closing of a Shares for Debt Transaction
Newsfile· 2025-10-22 21:01
Core Viewpoint - Signature Resources Ltd. has updated its non-brokered private placement, increasing the offering size to C$3,700,000 due to strong investor demand, with proceeds aimed at exploration activities and working capital [1][2]. Group 1: Private Placement Details - The offering includes Charity Flow-Through Units, Flow-Through Units, and Non-Flow-Through Units, with prices set at $0.077, $0.060, and $0.055 per unit respectively [2][3]. - Each unit consists of one common share and one-half of a common-share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.10 for 12 months [3][4]. Group 2: Debt Settlement Transaction - The company has completed a shares-for-debt transaction, settling $350,000 of debt through the issuance of 6,363,636 Non-Flow-Through Units at a price of $0.055 per unit [5][6]. - The debt was owed to a non-arm's-length party and originated from a cash advance made on January 2, 2025, with subsequent amendments [6][7]. Group 3: Company Overview - Signature Resources is focused on the Lingman Lake Gold Project, which spans approximately 24,821 hectares and includes historical mining infrastructure [11]. - The property has a mineral resource estimate of 95,200 ounces indicated and 674,320 ounces inferred, with an average grade of 1.38 g/t Au and 1.14 g/t Au respectively [11].
New Gold Inc. (NGD): A Bull Case Theory
Yahoo Finance· 2025-10-22 20:56
Core Thesis - New Gold Inc. (NGD) is viewed as a compelling investment opportunity in the materials sector, which is often overlooked, comprising only 1.9% of the S&P 500 [2] Company Overview - NGD operates two major Canadian gold mines: Rainy River in Ontario and New Afton in British Columbia, producing approximately 300,000 ounces of gold annually along with copper as a byproduct [2] - The company is currently highly profitable, with significant growth expected from 2024 to 2027 due to recent capital investments [2] Production Growth - NGD anticipates a 38% increase in gold production and a 94% increase in copper production during the growth period, which will drive lower costs and generate around $2.5 billion in free cash flow, equivalent to 65% of its market capitalization [3] - The company currently trades at a 25% free cash flow yield, significantly higher than the ~8% average for its peers [3] Cost Management - The New Afton mine is crucial to NGD's growth thesis, with production costs expected to decline from $1,239/oz to $400–$500/oz by 2027 as the C-Zone ramps up [4] - Capital expenditures (Capex) are projected to decrease from $120 million to $10 million, enhancing cash generation [4] Strategic Moves - NGD recently acquired the remaining minority interest in New Afton from Ontario Teachers' Pension Plan for $300 million, which is seen as an accelerated buyback that increases exposure to its own assets and reflects management's confidence [4] - Rainy River continues to generate cash but lacks the same expansion potential as New Afton [4] Investment Potential - The combination of low-risk Canadian operations, exceptional growth potential, and high free cash flow yield makes NGD an attractive investment in gold equities [5] - With limited uses for excess cash beyond capital returns, shareholders could benefit from operational expansion and potential buybacks [5] - Assuming a 10x price-to-free cash flow multiple, NGD shares could reach approximately $12, indicating significant upside relative to current valuations [5]
Vista Gold (NYSEAM:VGZ) Conference Transcript
2025-10-22 20:27
Summary of Vista Gold Corp. Conference Call Company Overview - **Company**: Vista Gold Corp. - **Stock Symbols**: VGZ on NYSE American and TSX - **Project**: Mount Todd Gold Project located in Northern Territory, Australia - **Status**: Advanced development stage gold deposit, second-largest undeveloped gold project in Australia [1][2] Key Points from the Feasibility Study - **Feasibility Study Results**: Announced in July, demonstrating a path to near-term production [2] - **Project Scale**: Designed for 15,000 tons per day with potential for expansion [3] - **Initial CapEx**: Reduced by 59% from previous estimates, now at $425 million compared to over $1 billion [4][6] - **Gold Production Profile**: Stabilized production schedule with 175,000 ounces expected in the first three years and 150,000 ounces annually for the next 15 years [5][6] - **Average Grade Improvement**: Increased from 0.77 grams per ton to 0.97 grams per ton [5] - **Reserves**: Decreased from 7 million ounces to 5.2 million ounces due to a higher cutoff grade [6] Economic Metrics - **NPV-5**: - At $2,500 gold price: $1.1 billion - At $3,700 gold price: $2.7 billion - **IRR**: - Nearly 28% at $2,500 gold price - Over 50% at $3,700 gold price [7][8] - **All-in Sustaining Costs**: Just under $1,500 per ounce for the mine [8] Market Position and Valuation - **Comparison with Peers**: Vista Gold has a larger reserve and production capability than Australian junior gold producers, yet its market valuation is significantly lower [8] - **Market Cap Aspirations**: Expected to reach close to $1 billion, with aspirational targets of two to three times that amount [8] Strategic Changes and Risk Management - **Operational Changes**: - Adoption of contract mining and fly-in, fly-out workforce to minimize staffing risks [5][9] - Engaged engineering firms with proven track records in Australia [9] Investor Insights - **Share Price Movement**: Share price increased from $0.93 to a high of $2.46 following the feasibility study announcement [10] - **Net Asset Value**: At $2,500 gold price, net asset value per share is $8.80; at $3,300, it is $17.60, indicating significant upside potential [11][12] Conclusion - **Value Proposition**: The Mount Todd Gold Project presents a strong investment opportunity with substantial intrinsic value, especially as the project moves towards production [12]
NV Gold Announces $1,000,000 Financing And Debt Settlement
Accessnewswire· 2025-10-22 17:15
Not for dissemination in the United States or through U.S. newswires VANCOUVER, BC / ACCESS Newswire / October 22, 2025 / NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company"), is pleased to announce a non-brokered private placement for gross proceeds of up to C$1,000,000 through the issuance of up to 5,555,555 units (each, a "Unit") at a price of C$0.18 per Unit (the "Offering"). Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purcha ...