Orla Mining Achieves Record Quarterly Production of Gold

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the fourth quarter and year ended December 31, 2025, as well as 2026 guidance. 

Orla exceeded its revised annual consolidated production guidance of 265,000 to 285,000 ounces of gold producing 300,620 oz in 2025.

 

 

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Orla Mining

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$6.67 billion   @ C$22.58
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

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Orla Mining Achieves Record Quarterly Production Propelling Company Above 300,000 Ounces for 2025, setting up a Catalyst-Rich 2026

 

 

Vancouver, BC – January 20, 2026 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the fourth quarter and year ended December 31, 2025, as well as 2026 guidance. 

Orla exceeded its revised annual consolidated production guidance of 265,000 to 285,000 ounces of gold producing 300,620 oz in 2025.

The Company anticipates full year 2025 all-in sustaining (“AISC”)¹ to be within the revised guidance range of $1,350-$1,550 /oz.

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(All amounts expressed in millions of US dollars, as at December 31, 2025, and are unaudited)

 

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Fourth Quarter and Full Year Operational Update

Total Gold Production & Sales Q4 2025 FY  2025² FY 2025 Revised Guidance
Total Gold Produced oz 95,405 300,620 265,000 – 285,000
Total Gold Sold oz 92,889 297,013
       
Musselwhite, Canada      
  Ore Milled tonnes 361,407 1,089,896
  Milled Ore Gold Head Grade g/t 6.77 6.04
  Gold Produced oz 75,818 203,8562 170,000 – 180,0002
  Gold Sold oz 73,910 198,970
     
Camino Rojo, Mexico    
  Ore Stacked tonnes 1,862,807 8,938,173
  Stacked Ore Gold Grade g/t 0.47 0.54
  Gold Produced oz 19,587 96,764 95,000 – 105,000
  Gold Sold oz 18,979 98,043

 

 

 

– Jason Simpson, President and Chief Executive Officer, Orla Mining;

“Thanks to the effort and dedication of our people across the business, we successfully exceeded our annual production guidance —delivering more than 300,000 ounces for the first time in our history.

 

“The strength of our diversified portfolio was clearly demonstrated in the second half of 2025, driven by outstanding execution by our operations teams in Mexico and Canada.

 

“Despite short-term challenges at Camino Rojo, the operation has fully rebounded, and Musselwhite’s exceptional production performance in our first ten months of ownership propelled us to record annual production.

 

“Our 2026 guidance reflects strong gold production and sustained investment to accelerate growth at Musselwhite, South Carlin, and Camino Rojo.

 

“Together, these priorities position us to deliver long-term value through disciplined execution of a high-quality pipeline of opportunities.”

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Musselwhite Operations

During the quarter, Musselwhite mined 370,622 tonnes of ore and processed 361,407 tonnes at a mill head grade of 6.77 g/t gold. Gold recovery was 95.65% resulting in gold production of 75,818 ounces. 

 

Camino Rojo Operations

During the quarter, Camino Rojo mined over 1.7 million tonnes of ore and nearly 2.7 million tonnes of waste, for an implied strip ratio of 1.52. A total of 1.86 million tonnes of ore were stacked at an average grade of 0.47 g/t gold equating to an average daily stacking rate of about 20.2 thousand tonnes.

Our Camino Rojo team in Mexico responded rapidly and safely to the July pit wall event, mitigating the impact by processing stockpiled material while the north wall was re-established. With overburden removal now complete and mining returned to the main portion of the deposit, Camino Rojo is well positioned to deliver consistent performance in 2026. Camino Rojo produced 96,764 ounces of gold in 2025, in line with the revised annual guidance.

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To read the full news release, please click HERE

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To view Orla Mining’s share latest price and chart, please click HERE

 

The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Orla Mining.

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G Mining States a Positive Outlook for 2026 and 2027

G Mining Ventures (TSX: GMIN)

Provided its operational guidance for 2026 and 2027 regarding its 100%-owned Tocantinzinho Gold Mine, together with a project update on its 100%-owned Oko West Gold Project in Guyana. 

Gold production in 2026 is expected to range between 160,000 and 190,000 ounces, representing a modest increase over 2025 at the midpoint of guidance.

 

 

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G Mining Ventures

 

 

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G Mining Ventures TSX: GMIN
Stage Development + Exploration
Metals Gold
Market cap C$10.88  billion @ C$47.81
Location  Brazil, Guyana
Website www.gminingventures.com

 

 

 

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G Mining Ventures Provides 2026 and 2027 Operational Outlook

BROSSARD, Quebec, Jan. 20, 2026 (GLOBE NEWSWIRE) —G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX:GMIN, OTCQX:GMINF) is pleased to provide its operational guidance for 2026 and 2027 regarding its 100%-owned Tocantinzinho Gold Mine ( “Tocantinzinho” or “TZ”) in the State of Pará, Brazil, together with a project update on its 100%-owned Oko West Gold Project (“Oko West”) in Guyana.

Unless otherwise stated, all amounts are in U.S. dollars.

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2026 & 2027 Guidance Highlights

  • Gold production in 2026 is expected to range between 160,000 and 190,000 ounces (“oz”), representing a modest increase over 2025 at the midpoint of guidance. Production is expected to be weighted toward the second half of the year, with approximately 62% of total output forecast to occur in H2 as higher-grade mineralization becomes available in accordance with the mine plan.
  • The Corporation expects to maintain a competitive cost structure in 2026, with cash operating costs1projected to range between $736 to $865 per ounce of gold (“Au”) sold and all-in sustaining cost (“AISC”)1,2at $1,230 to $1,444 per ounce of gold sold2, respectively, based on a realized gold price assumption of $4,000 an ounce.
  • Gold production in 2027 is expected to range between 200,000 and 235,000 ounces, representing an increase of approximately 25% over 2026 production at the midpoint of guidance, driven by a full-year contribution of higher-grade Phase 2 ore at TZ.
  • Total cash costs1and AISC1are expected to improve materially in 2027, with cash costs and AISC projected to decline by approximately 14% and 20%, respectively, compared to 2026 at the midpoint of guidance.
  • Sustaining capital expenditures for 2026 are estimated to range between $69 million and $81 million, including $31 million to $36 million of capitalized waste stripping, and are expected to support the long-term performance and reliability of the TZ operation.
  • Growth capital expenditures of $514 and $568 million are planned for 2026 to advance Oko West, which remains on track to achieve first gold production in the second half of 2027.
  • The 2026 exploration program is expected to be the largest in the Corporation’s history, with a total budget ranging between $42 million and $50 million, including approximately $21 million at Gurupi, $16 million at Oko West, and $9 million at TZ.

2026 and 2027 guidance assumes a realized gold price of $4,000 per oz, Brazilian Real (“BRL”)/USD exchange rate of 5.55 and CAD/USD exchange rate of 1.40.

 

 

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Louis-Pierre Gignac, President and Chief Executive Officer said;

 

“Our 2026 and 2027 guidance reflects the continued execution of our operating and growth strategy.

“At TZ, we expect steady production while maintaining a competitive cost structure.

“At Oko West, project development is advancing in line with plan, supporting our objective of achieving first gold production in the second half of 2027.

“With a strong balance sheet and ongoing free cash flow generation, GMIN remains well positioned to fund its growth initiatives.”

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To read the full news release, please click HERE

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in G Mining Ventures.

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Lefroy Share Price Jumps as Mining Commences

Lefroy Exploration (ASX: LEX)

Reported the commencement of mining at the Lucky Strike Gold Deposit near Kalgoorlie in Western Australia, causing the share price to jump.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces of gold.

 

 

Lefroy Exploration

 

 

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Lefroy Exploration ASX: LEX
Stage Exploration
Metal Gold
Market cap A$66 m @ 27.5  cents
Location Kalgoorlie, Western Australia
Website www.lefroyex.com

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Mining of first ore panels underway at Lucky Strike Gold Deposit

 

20 January 2026

Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”)  is pleased to provide a progress report in relation to mining at the Lucky Strike Gold Deposit near Kalgoorlie in Western Australia.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz).

 

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HIGHLIGHTS

• Mining of first ore from the North Pit of the Lucky Strike Gold Deposit is now
underway.
• First ore intersected 17m below surface (275m RL), with ore stockpiles to build
throughout the remainder of January.
• Ore haulage to commence shortly.
• Toll milling agreement (for an initial 80,000 – 90,000 ore tonnes) in place with
FMR Investments Pty Ltd (FMR) Greenfields Mill in Coolgardie with first ore
scheduled to commence processing in February 2026.

 

 

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LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“In partnership with BML Ventures, Lefroy is now officially the newest gold miner in the Kalgoorlie district, with first ore now being extracted from the Lucky Strike Gold Deposit.

 

“This truly does represent a pivotal moment for the Company, as we prepare for ore haulage, with first gold production scheduled shortly thereafter in February.

 

“With gold recently touching $7000 (AUD), Lefroy’s approaching status as first-time gold producer could not be better timed.”

 


 

Lefroy entered into a Profit-Sharing Agreement with BML mining contractors in February 2025 in relation to the Lucky Strike Gold Deposit (refer ASX announcement 12 February 2025 here).

Additionally, in July, the Company announced it had entered into a Profit Cash Advance Facility Agreement with BML, with a total draw down loan facility of $2.5 million (at a fixed interest rate of 8%) to be made available across four (4) quarterly instalments in FY26 (refer ASX Announcement 16 July 2025 here).

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To read the full news release, please click HERE

 

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To view the latest share price and chart, please click HERE

 

To View Lefroy Exploration’s historical news, please click here

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds  shares in Lefroy Exploration

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To read our full terms and conditions, please click HERE




Catalyst Metals Jumps on High-Grade Gold Discovery

Catalyst Metals (ASX: CYL)

Reported further drill results at the Cinnamon trend, located on the Plutonic Gold Belt.

These latest drilling results have confirmed a high-grade zone along a 400m strike length, which remains open in both directions.

 

 

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Catalyst Metals ASX : CYL
Stage Exploration / development
Metals Copper / Gold
Market cap A$2.51 Billion   @ A9.64
Location Murchison, Victoria,  Australia
Website www.catalystmetals.com.au

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Catalyst discovers new high-grade zone below the Cinnamon Resource

 

Potential sixth underground ore source beneath an existing open pit Reserve creates an exciting new growth area for Plutonic

 

Catalyst Metals Limited (ASX:CYL) (Catalyst or the Company) is pleased to report further drill results at the Cinnamon trend, located on the Plutonic Gold Belt.

These results follow initial drilling in mid-2025 which indicated the potential for high-grade mineralisation beneath the existing known Cinnamon Resource.

These latest drilling results have confirmed a high-grade zone along a 400m strike length, which remains open in both directions.

• Cinnamon is an undeveloped gold Resource 25km from the Plutonic processing plant
• Cinnamon’s open pit Resource currently stands at 145koz
• Back in October 2025, Catalyst intersected 33m at 7.4 g/t beneath this open pit Resource
• The result opened up an exciting new area beneath the Cinnamon Resource extending approximately 400m
• Since this announcement, Catalyst has been able to confirm mineralisation on a 50m
spacing along this 400m target area. Drilling results now include:

Previously announced drill results
o 33m at 7.4g/t Au o 22m at 14.3g/t Au o 37m at 4.2g/t Au

New drilling results
o 18m at 9.7g/t Au o 19m at 4.1g/t Au o 20m at 2.9g/t Au
o 11m at 4.4g/t Au o 17m at 3.0g/t Au o 17m at 2.6g/t Au
o 8m at 2.9g/t Au o 30m at 2.9g/t Au o 14m at 2.6g/t Au

• Drilling will now be undertaken to test the limits of the area both along strike and at
depth, while also infill drilling this defined 400m area
• These drilling results have opened up an exciting new area for the Plutonic Belt – the
Cinnamon trend is a 3km trend with little to no exploration drilling at depth, or outside
of the known Cinnamon Resource
• Catalyst’s drilling to date has focused on Plutonic Main, Plutonic East and Trident, as they provide the main feedstock for future production
• These results give Catalyst further confidence that Cinnamon has the potential to form a sixth underground ore source – this will create optionality and further support Catalyst’s 10-year production plan and 200koz targeted annual production level
• Under Catalyst’s ownership, Plutonic’s Reserves have tripled.

This occurred in 2025 and was driven by a doubling of Plutonic and Trident Reserves
• With this new discovery at Cinnamon, and drilling now underway at K2 and Old Highway, Catalyst has an attractive exploration pipeline
• In light of the ongoing exploration success along the Plutonic Belt, Catalyst commissioned a study in October 2025 to assess a restart of the second processing plant at Plutonic. The purpose of the study was for Catalyst to evaluate its future expansion opportunities. This plant runs parallel to the existing 2Mtpa plant and was placed in care and maintenance in 2010.

 

 

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Catalyst’s MD, Director, and CEO, James Champion de Crespigny, commented:

“Since Catalyst acquired Plutonic, it has only had the time and capital to explore at Plutonic and Trident.

 

“Both Reserves have doubled under Catalyst’s ownership”

 

“The next target was Cinnamon. The results today, and those released back in October 2025, suggest the potential to replicate this success again.

 

“What is also exciting is that we are awaiting further results from K2 and Old Highway – two attractive prospects.

 

“The 2025 financial year had a strong focus on exploration at Plutonic and to date, this seems to be delivering results.”

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To read the full report please click HERE

 

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To view the latest share price and chart, please click HERE

To View Catalyst Metal’s historical news, please click here

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Catalyst Metals

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To read our full terms and conditions, please click HERE




New Murchison Gold Reports High-Grade Gold at Lydia

New Murchison Gold (ASX: NMG)

Provided an update on recent results and interpretations on the Lydia gold prospect coming from its exploration program.

Best intersections reported from this drilling program included 3m at 32.9g/t Au from 46m incl. 1m at 62.4g/t Au from 47m.

 

 

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New Murchison Gold

Crown Prince – Courtesy of New Murchison Gold

 

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New Murchison Gold ASX: NMG
Stage Development
Metals Gold
Market cap A$703 million  @  A$0.65c
Location Murchison, Western Australia
Website www.newmurchgold.com.au

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New Murchison Gold – Lydia Gold Prospect – Potential Addition to Production Line

 

 

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New Murchison Gold Limited (ASX:NMG) (“NMG” or the “Company”) is pleased to provide an update on recent results and interpretations on the Lydia gold prospect coming from its exploration program.

Lydia sits on granted mining lease M51/889 and covered by the same Native Title and Heritage Agreement which guides our cultural and heritage arrangements for the Crown Prince Gold Mine. High-grade gold intercepts have been returned from the main mineralised shear zone; encouraging results which open up the opportunity to prove up additional reserves within close proximity of the current Crown Prince Gold Operations.

 

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HIGHLIGHTS

NMG is pleased to report high grade gold results from an RC drill program which has delineated additional mineralisation within the Lydia shear zone and extended the known depth and strike of the main mineralised structure.

The program consisted of 33 reverse circulation holes totalling 2,920m.

Three diamond holes testing gold mineralisation and structural setting along the Lydia shear zone for 281.5m in length, have been drilled and the assay results are also included in this announcement.

Five geotechnical holes were drilled into planned pit walls of a proposed pit design with geotechnicalanalysis of the data underway.

 

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Best intersections reported from this drilling program include:

• 3m at 32.9g/t Au from 46m incl. 1m at 62.4g/t Au from 47m in NGGRC1094
• 9.10m at 10.3g/t Au from 89m incl. 1m at 24.6g/t Au from 94m in NGGDD1144
• 8m at 9.1g/t Au from 20m incl. 4m at 16.7g/t Au from 24m in NGGRC1309
• 21m at 3.4g/t Au from 117m incl. 1m at 8.4g/t Au from 135m in NGGRC1109
• 12m at 5.5g/t Au from 48m incl. 4m at 14.6g/t Au from 52m in NGGRC1307
• 7m at 8.5g/t Au from 90m incl. 1m at 16.1g/t Au from 91m in NGGRC1112
• 4.15m at 11.7g/t Au from 71.95m incl. 0.90m at 30.8g/t Au from 73.10m in 

 

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The Crown Prince Gold Mine is the company’s flagship asset located 22 kilometres north-west of Meekatharra in Western Australia via the Great Northern Highway and the Mt Clere Road.

The Lydia shear zone is most likely a local dilational jog between two dominantly mafic / doleritic sills/dykes. Sporadic rafts of thin ultramafic schists have been identified on the footwall of the shear zone, which trends north/north-easterly and dips steeply to the west.

Gold mineralisation seen at Lydia is similar to the Crown Prince deposit and the shear zone is around 20-25m in thickness. The location of this structure is 800m west of Crown Prince and within an area displaying less deformation.

 

 

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Alex Passmore NMG’s CEO commented:

“We are very pleased to provide this exploration update including high grade results for the Lydia gold prospect.

 

“Lydia sits on a granted mining lease very close to the Crown Prince Operation.

 

“We believe we can leverage off existing infrastructure (offices, maintenance facility, crusher, and sampling preparation facility) to bring Lydia online”.

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To read the full news release please click HERE

 

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To View New Murchison Gold’s latest share price and chart, please click here

 

.To View New Murchison Gold’s historical news, please click here

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in New Murchison Gold.

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To read our full terms and conditions, please click HERE




Lahontan Gold Drills Thick, Shallow Gold at York and Slab

Lahontan Gold (TSX.V:LG)

Announced the first results from the 2025 Phase Two drilling program at the Company’s flagship Santa Fe Mine Project located in Nevada’s prolific Walker Lane. 

Lahontan has received analytical results for six reverse-circulation rotary (“RC”) drill holes totaling 994 metres.

 

 

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Lahontan Gold

 

 

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Lahontan Gold TSX.V: LG
Stage Exploration / Development
Metals Gold
Market cap C$72m @ C$0.20
Location Nevada
Website www.lahontangoldcorp.com

 

 

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LAHONTAN DRILLS THICK, SHALLOW GOLD: 114m GRADING 0.33 g/t Au Eq at
YORK; 23m GRADING 0.42 g/t Au Eq at SLAB

 

Toronto Ontario, January 13, 2026 – Lahontan Gold Corp. (TSX.V:LG, OTCQB:LGCXF) (the “Company” or “Lahontan”) is pleased to announce the first results from our 2025 Phase Two drilling program at the Company’s flagship Santa Fe Mine Project located in Nevada’s prolific Walker Lane.

Lahontan has received analytical results for six reverse-circulation rotary (“RC”) drill holes totaling 994 metres.

 

Significant results include:

• York: 114.3 metres (76.2 – 190.5m) grading 0.33 g/t Au Eq in YOR25-004R including 18.3 metres (172.2 – 190.5m) grading 0.90 g/t Au Eq: A shallow, thick, intercept of gold mineralization that expands the footprint of the York gold zone to the north of the current mineral resource pit shell*, leaving gold mineralization open and unconstrained to the north by modern drilling 
• Slab: 22.9 metres (19.8 – 42.7m) grading 0.42 g/t Au Eq in CAL25-009R: Very shallow oxide gold that may pull the Slab pit shell deeper in an updated Mineral Resource Estimate (“MRE”) expected later this year (please plan map for drill hole locations below).
• Slab: 29.0 metres (97.5 – 126.5m) grading 0.26 g/t Au Eq in CAL25-010R: Oxide gold
mineralization below the current mineral resource pit shell, an additional opportunity to potentially deepen the Slab conceptual pit shell and capture additional gold resources in the MRE update.

 

 

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Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented:

 

“The Lahontan team is excited to receive the first analytical results from our Phase Two 2025 drill program at Santa Fe.

 

“The drill results at York reinforce our interpretation that the York deposit continues to the north of the previously defined MRE* and provides an excellent opportunity to further expand gold Mineral Resources at York.

 

“At Slab, the two drill holes targeting deeper extensions to known shallow oxide gold and silver mineralization were very successful; these drill results will be incorporated into an updated MRE for the entire Santa Fe Mine project, expected in the coming months.

 

“We will be receiving additional analytical results for seven drill holes at Santa Fe and six drill holes at our West Santa Fe project over the coming weeks, so please stay tuned for further press releases!”

 

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Lahontan Gold.

.




Catalyst Metals Reports Record Plutonic gold production

Catalyst Metals ( ASX: CYL)

Recorded quarterly production at Plutonic of 28,176oz of gold under Catalyst ownership.

Settlement of inherited legal dispute paves the way for acceleration of mining and
exploration at Plutonic’s fourth ore source – K2.

 

 

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Catalyst Metals

Catalyst Metals Mining, picture courtesy of Catalyst Metals

 

 

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Catalyst Metals ASX : CYL
Stage Exploration / development
Metals Copper / Gold
Market cap A$2.15 Billion   @ A8.26
Location Murchison, Victoria,  Australia
Website www.catalystmetals.com.au

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Catalyst Metals Reports Record Plutonic gold production

 

 

Catalyst Metals ( ASX: CYL) recorded quarterly production at Plutonic of 28,176oz of gold under Catalyst ownership.

Settlement of inherited legal dispute paves the way for acceleration of mining and
exploration at Plutonic’s fourth ore source – K2.

 

Quarterly Highlights

• Record quarterly production at Plutonic of 28,176oz of gold under Catalyst ownership
• Settlement of inherited legal dispute paves the way for acceleration of mining and
exploration at Plutonic’s fourth ore source – K2

 

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Production

• Three mines were operating across the Plutonic Belt during the quarter – Plutonic Main, Plutonic East and Trident open pit
• Gold produced for the quarter was 28,176oz at an average AISC of A$2,565/oz produced (AISC of $2,776/oz sold)
• Catalyst retains guidance of 100 – 110koz of gold at an AISC of A$2,200/oz – A$2,650/oz

Growth & Exploration

• Development of K2 continues to progress with first ore expected before 30 June 2026
• Mining of the Trident open pit expected to conclude in the first half of CY2026 with
development of the underground mine commencing soon after
• Exploration activities continued at Old Highway and Cinnamon, targeting Resource
growth
• Drill rigs mobilised to K2 to commence a range of programs including Resource growth, grade control and step out drilling
• Drilling results at Cinnamon including 22m at 14.3g/t Au and 7m at 29.8g/t Au doubled
the strike length of the Cinnamon trend and opened up high-grade potential beneath
the existing Resource
• Exploration drilling resumed in Bendigo, while approval was obtained for the exploration tunnel at Four Eagles. The remaining 49% ownership in the Tandarra project was also acquired during the quarter

Financial and Corporate

Operating cashflow (after all sustaining capital and corporate costs) was A$74m. Of this, A$5m was then spent on non-discretionary capital (power station, camp etc), A$22m on non-recurring items (legal settlement, stamp duty), A$16m on discretionary growth capital (Trident, K2 & OHW project development) and A$24m on exploration

Cash and bullion at quarter end was A$238m, an increase on the prior quarter while
maintaining increased exploration and development project spend, and settling legal
disputes.

Catalyst is debt free and holds an undrawn A$100m corporate revolving facility, providing liquidity of A$338m

Catalyst Metals’ flagship asset is the 40km long Plutonic Gold Belt in Central
Western Australia. This belt currently produces ~100koz pa at a target AISC of
A$2,425/oz from two mines at Plutonic Main and Plutonic East.

Catalyst is currently bringing three new mines into production – Trident, K2 &
Old Highway. Each will be processed through the existing, underutilised and
centrally located 2Mtpa CIL processing plant.

Exploration is targeting down dip extensions of each of these deposits.

With the development and exploration of these five deposits, Catalyst aims to
increase Reserves and production from 1.5Moz to ±2Moz and ±100koz to
±200koz annually.

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MANAGEMENT COMMENTARY

“Record gold production for the quarter is pleasing. The operating risk for the business continues to fall as new mines come online.

“Before 30 June we will be producing from four mines on the belt – a terrific outcome from the team considering less than two and a half years ago Plutonic was near bankrupt, producing from only one mine!

“Exploration results at Cinnamon are encouraging as are further results expected this quarter from Trident, Old Highway and K2.”

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To read the full report please click HERE

 

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To view the latest share price and chart, please click HERE

To View Catalyst Metal’s historical news, please click here

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Catalyst Metals

.

To read our full terms and conditions, please click HERE




Equinox Gold Delivers Record Q4 Production and FY 2025 Gold Production

Equinox Gold (TSX: EQX, NYSE: EQX)

Announced production results for Q4 and year ended December 31, 2025, an update on operations at its two Canadian cornerstone assets Greenstone Gold Mine and Valentine Gold Mine, plus its 2026 production, cost and capital guidance.

 

 

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Equinox Gold

Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

 

 

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Equinox Gold TSX: EQX
Stage Production, development, exploration
Metals Gold
Market cap C$16 Billion @ C$20.37
Location Canada, Nicaragua, USA, Brazil
Website www.equinoxgold.com

 

 

 

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Equinox Gold Delivers Record Q4 Production and Record FY 2025 Gold Production of 922,827 ounces; 2026 Guidance Represents an 80% Increase in Annual Canadian Gold Production

 

VANCOUVER, British Columbia, Jan. 14, 2026 (GLOBE NEWSWIRE) — Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce production results for the three months (“Q4”) and year (“Full Year”) ended December 31, 2025, an update on operations at its two Canadian cornerstone assets (Greenstone Gold Mine (“Greenstone”) and Valentine Gold Mine (“Valentine”) and its 2026 production, cost and capital guidance.

The Company’s audited financial and operating results for Q4 and Full Year 2025 will be released on Wednesday, February 18, 2026 after market close. All financial figures in this news release are in US dollars.

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Darren Hall, Chief Executive Officer of Equinox Gold, commented:

“Equinox Gold delivered a record 922,827 ounces of gold production in 2025, reflecting the significance of the Company’s expanded portfolio and strength of our results focused team.

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“Operational momentum is expected to continue into 2026 with a full year of production from Valentine, continued improvements at Greenstone, and steady contributions from our operations in Nicaragua and Mesquite in the United States.

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“Cash increased by 24% quarter over quarter to $430 million, after absorbing $70 million of one-time payments related to the favorable settlement of legacy tax matters in Mexico and Nicaragua and $75 million of debt repayment, reflecting a clear trend of growing strength in the Company’s underlying cash flow generation.

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“In 2026, we will maintain a disciplined approach to capital allocation, continuing to review our portfolio to direct investment toward high-return opportunities such as the Phase 2 expansions at Valentine, Castle Mountain and Los Filos.

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“Our development pipeline has the potential to add approximately 450,000 to 550,000 ounces of incremental annual gold production in the coming years.

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“With the sale of our Brazil operations expected to close in Q1 2026, we anticipate a meaningful strengthening of our balance sheet in 2026 through significant debt repayment, which will materially reduce interest expense, enhance per-share cash flow, and increase our flexibility to self-fund organic growth while considering capital return initiatives within a disciplined framework.  

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“While gold prices are very constructive, they do not change how we fundamentally run the business. Our focus remains on cost control, eliminating waste from the business and delivering reliable performance and long-term value creation to all stakeholders.

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“The combination with Calibre has brought together high-quality assets and a strong operating team, positioning us to generate cash, strengthen the balance sheet, grow organically and deliver sustained share price appreciation for our investors.”

+++++++

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Q4 & Full Year 2025 Highlights

  • Produced a record 247,024 ounces in Q4; including 72,091 ounces from Greenstone, 23,207 ounces from Valentine, 61,885 ounces from Nicaragua, 73,745 ounces from Brazil, 14,761 ounces from Mesquite and 1,336 ounces from Castle Mountain
  • Achieved a Full Year production record of 922,827 ounces; including 856,909 ounces within 2025 guidance of 750,000 to 915,000 ounces, plus 65,918 ounces from Valentine, Los Filos and Castle Mountain
  • Greenstone improvements yielding positive results with 72,091 ounces poured in Q4, 29% more than in Q3; with:
    • Expit mining averaged more than 198,000 tonnes per day (“tpd”) in Q4, a 9% increase over Q3 and a 31% increase over H1 2025, with 5.0 million tonnes of ore mined in Q4
    • For the 30 consecutive days ending December 20, mill throughput averaged nameplate of 27,000 tpd, with Q4 averaging 23,859 tpd, a 15% increase over Q3 and a 17% increase over H1 2025
    • Processed grade averaged 1.29 g/t gold in Q4, a 23% increase over Q3 and a 32% increase over H1 2025
  • Commercial production at Valentine ahead of schedule on November 18, 2025, marking strong progress at a second Canadian cornerstone asset (watch the gold pour video here)
  • Valentine ramp up progressing well; 23,816 ounces poured in 2025 with Q4 throughput averaging 90% of nameplate capacity and more than 47% of days operating above nameplate of 6,850 tpd. Completion of a feasibility study to increase processing throughput from 2.5 million to more than 4.5 million tonnes per year is targeted for the end of Q1 2026, with the proposed expansion expected to increase annual production by approximately 25% to 225,000 to 250,000 ounces
  • Cash and equivalents of $4301 million at December 31, 2025
  • $214 million of debt repaid or retired from late Q3 2025
  • 2025 all-in sustaining costs (“AISC”) expected to be within guidance; toward the upper end of the $1,800 to $1,900 per ounce range
  • Completed transformational merger with Calibre Mining; diversifying and strengthening the Company’s production base and operating team
  • Maintained strong safety and environmental records during 2025; with a total recordable injury frequency rate per million hours worked of 1.79, a 25% reduction over 2024, and no significant environmental incidents
  • Castle Mountain Phase 2 Permitting Record of Decision expected in December 2026; following acceptance of the project into the United States Federal Permitting Improvement Steering Council’s FAST-41 Program
  • Progressed portfolio optimization; with the sale of the non-core Nevada operation for $115 million completed in Q4 (see news release dated August 7, 2025) and the announcement in Q4 of the sale of the Brazil operations for up to $1.015 billion in cash (see news release dated December 14, 2025), which is expected to close in the first quarter of 2026.

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To read the full news release please click HERE

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To see the latest share price and chart, please click HERE.

 

To View Equinox Gold’s historical news, please click here

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Equinox Gold.

.

To read our full terms and conditions, please click HERE




G Mining Ventures Reports Q4 2025 Operational Results

G Mining Ventures (TSX: GMIN)

Announced its preliminary production results for the fourth quarter and full year ended December 31, 2025, for the Tocantinzinho Gold Mine located in the State of Pará, Brazil.

During the fourth quarter, TZ produced 47,346 ounces of gold, with the mill processing 1,077 kt of ore at an average grade of 1.49 g/t Au and achieving recoveries of 91.8%.

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G Mining

 

 

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G Mining Ventures TSX: GMIN
Stage Development + Exploration
Metals Gold
Market cap C$8.89  billion @ C$39.04
Location  Brazil, Guyana
Website www.gminingventures.com

 

 

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G Mining Ventures Reports Fourth Quarter 2025 Operational Results

BROSSARD, Quebec, Jan. 13, 2026 (GLOBE NEWSWIRE) – G Mining Ventures Corp. (TSX: GMIN, OTCQX: GMINF) (“GMIN” or the “Corporation”) is pleased to announce its preliminary production results for the fourth quarter and full year ended December 31, 2025, for the Tocantinzinho Gold Mine (“TZ”) located in the State of Pará, Brazil.

During the fourth quarter, TZ produced 47,346 ounces of gold, with the mill processing 1,077 kt of ore at an average grade of 1.49 g/t Au and achieving recoveries of 91.8%.

For the full year, TZ produced 171,871 ounces of gold, from the processing of 4,086 kt of ore at an average grade of 1.44 g/t Au and recoveries averaging 90.6%.

Fourth Quarter & Full Year 2025 Production Results Highlights

  • The average mining rate increased to 64.7 thousand tonnes per day, representing an 18% rise compared to Q3 2025 following the commissioning of additional mining equipment
  • Gold production totaled 47,346 ounces in the fourth quarter and 171,871 ounces for the full year
  • Gold sales amounted to 47,457 ounces for the fourth quarter and 172,093 ounces for the full year

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Louis-Pierre Gignac, President & Chief Executive Officer commented 

“Tocantinzinho delivered a strong fourth quarter, successfully closing its first full year of commercial production.

 

“Continued optimization initiatives are driving improvements in mine and plant productivity.

 

“These strong operational results were achieved alongside a solid safety performance, with only two lost time incidents, resulting in a Lost Time Injury Frequency Rate of 0.15.”

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To read the full news release, please click HERE

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in G Mining Ventures.

.




West Red Lake Gold Declares Commercial Production at Madsen

West Red Lake Gold Mines (TSX.V: WRLG) 

Declared commercial production at its 100% owned Madsen Gold Mine, located in the Red Lake Mining District of Northwestern Ontario, Canada.

The Madsen Mine achieved commercial production as of January 1, 2026.

 

 

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West Red Lake Gold Mines

Madsen Mill – Courtesy of West Red Lake Gold Mines

 

 

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West Red Lake Gold TSX.V : WRLG
Stage Production
Metals Gold
Market cap C$436m   @ C$1.10
Location Ontario, Canada
Website www.westredlakegold.com

 

 

 

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West Red Lake Gold Declares Commercial Production at Madsen Gold Mine

 

West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)(OTCQX: WRLGF) is pleased to declare commercial production at its 100% owned Madsen Gold Mine, located in the Red Lake Mining District of Northwestern Ontario, Canada.

The Madsen Mine achieved commercial production as of January 1, 2026.

The mill averaged 689 tonnes per day (“tpd”) in December 2025. This represents 86% of permitted throughput of 800 tpd and meets the Company’s internal commercial production requirement of 30 consecutive days of mill throughput at 65% or greater of permitted capacity.

Operational stability, the other internal requirement, is also in place at Madsen. Consistent strong mill recoveries, which averaged 94.6% in December, enabled production of 3,215 ounces of gold.

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Shane Williams, President and CEO said;

“We are delighted to announce commercial production at the Madsen Mine, achieved only seven months after completion of the bulk sample.

 

“Achieving commercial production is a major milestone for any producer and it comes after a strong December that saw tonnage, grade, recoveries, and production all perform to plan.

 

“Credit and gratitude go to the site operations team, who delivered a responsible and methodical mine ramp up. I also want to thank our partners the Lac Seul and Wabauskang First Nations and the community of Red Lake for their longstanding support.

 

“We will continue to ramp up from this strong base, and I anticipate Madsen will reach sustained permitted capacity by mid-2026.”

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For the first quarter (“Q1”) of 2026, mill feed will come predominantly from the 4447 area, the high-grade zone in South Austin that the Company defined in 2025. Mill feed is expected to average in excess of 6 grams per tonne gold (“g/t Au) in Q1.

In December the Madsen Mine produced 21,389 tonnes of ore, which is an average of 689 tonnes per day. The tonnes carried an average grade of 4.94 g/t Au. Mill recovery of 94.6% over the month produced 3,215 ounces of gold in December.

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in West Red Lake Gold Mines.

.




Heliostar Provides 2026 Guidance and Growth Plan

Heliostar Metals (TSX.V: HSTR)

Provided production and cost guidance for 2026 as well as details of growth plans across the portfolio.

The Company plans to produce 50,000-55,000 ounces of gold at by-product cash costs of $1,850-$1,950/oz gold and a consolidated All-In Sustaining Cost (AISC) of $2,025-$2,125/oz gold.

 

 

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Heliostar Metals

 

 

 

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Heliostar Metals TSX.V: HSTR
Stage Production / Development
Metals Gold
Market cap C$695m @ C$2.71
Location Mexico
Website www.heliostarmetals.com

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Heliostar Provides 2026 Guidance and Growth Plan

 

 

 

Vancouver, Canada – January 13, 2026 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to provide production and cost guidance for 2026 as well as details of growth plans across the portfolio.

The Company plans to produce 50,000-55,000 ounces of gold at by-product cash costs of $1,850-$1,950/oz gold and a consolidated All-In Sustaining Cost (AISC) of $2,025-$2,125/oz gold.

Heliostar will utilize the cash generated from ongoing operations to continue to invest in exploration and growth initiatives across the Company’s portfolio, including advancement of the flagship Ana Paula development project towards production.

 

HIGHLIGHTS:

  • Production guidance of 50,000-55,000 oz gold
  • Cash Costs of $1,850-$1,950/oz gold and All In Sustaining Costs of $2,025-$2,125/oz gold
  • Pre-stripping of Veta Madre open pit expansion at La Colorada
  • Ana Paula Feasibility Study advancement and development of the main access decline
  • $27M exploration program funded from operating cash flow

 

To read the full news release please click HERE

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 To View Horizon Mineral’s latest share price and chart, please click HERE

 

..To View Heliostar Metal’s historical news, please click here

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The live gold price can be found HERE

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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Heliostar Metals.

.

To read our full terms and conditions, please click HERE

 




Watchlist Adjustments January 2026

City Investors Circle Watchlists

We are making some additions to  to our watchlists in the exploration tier 4 stage, and deleting a couple of companies from our tier 2 watchlist.

 

 

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City investors Circle

 

 

 

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City Investors Circle Watchlist Adjustments January 2026

 

 

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City Investors Circle Watchlists

We are making some additions to  to our watchlists in the exploration tier 4 stage, and deleting a couple of companies from our tier 2 watchlist.

 

In

Fuerte Metals    (FMT.V)   Coffee Gold Project in the Yukon

Lahontan Gold  (LH.V)      Restarting the Santa Fe gold mine in Nevada.

Mogotes Metals (MOG.V   Filo Sur project abuts the Filo Del Sur copper project.

 

Out

Magnetic Resources   (ASX: MAU)

Minera Alamos     (MAI.V)

 

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The Spot gold price can be found HERE

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=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned

.




Lefroy Exploration Intersects High-Grade Gold at Burns

Lefroy Exploration (ASX: LEX)

Reported on drilling results targeting the high-grade core of the Burns Gold Deposit. Burns lies within the Company’s Lefroy Gold Project located in the Kambalda-Kalgoorlie gold district of Western Australia.

 

 

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Lefroy Exploration

Lefroy Exploration – Burns RC drilling, August 2022

 

 

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Lefroy Exploration ASX: LEX
Stage Exploration
Metal Gold
Market cap A$63 m @ 26.5  cents
Location Kalgoorlie, Western Australia
Website www.lefroyex.com

 

 

Lefroy Exploration Drilling confirms High-Grade gold zone at Burns Gold Deposit

 

8 January 2026

 

 

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Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) reports on drilling results targeting the high-grade core of the Burns Gold Deposit. Burns lies within the Company’s Lefroy Gold Project located in the Kambalda-Kalgoorlie gold district of Western Australia.

The Burns Gold Deposit contains an MRE of 42.96 Mt @ 0.36 g/t Au for 497,472 ounces (Indicated 32.31 Mt @ 0.38 g/t Au for 394,308 oz. Inferred 10.65 Mt @ 0.30 g/t Au for 103,165 oz).

Inclusive within this resource is Burns High-Grade which contains 4.22 Mt @ 1.18 g/t Au for 159,285 ounces (Indicated 4.11 Mt @ 1.19 g/t Au for 157,215 oz. Inferred 0.1 Mt @ 0.63 g/t Au for 2,070 oz).

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HIGHLIGHTS

• Diamond drilling results confirm the high-grade core of the Burns Gold Deposit
with significant intersections within LEFD010 including:
o 20.87m @ 2.69 g/t Au from 131.13m, incl 3.87m @ 7.09 g/t Au from 132.54m
o 6.4m @ 2.59 g/t Au from 191m, incl 0.93m @ 10.60 g/t Au from 196.07m
• An additional metallurgical reverse circulation (RC) drill hole (LRR026)
targeting the high-grade oxide gold zone returned exceptional intersections
including:
o 30m @ 5.76 g/t Au from 24m, incl 5m @ 17.3 g/t Au from 44m, and
o 7m @ 1.15 g/t Au from 71m, incl 2m @ 2.9 g/t Au from 76m
• RC drilling along strike of the defined Burns gold resource has intersected
additional shallow zones of significant mineralisation to the north, including:
o 5m @ 1.60 g/t Au from 79m, incl 1m @ 5.31 g/t Au from 83m in LRR029, and
o 7m @ 0.66 g/t Au from 30m, incl 2m @ 1.16 g/t Au from 32m in LRR027
• Metallurgical results are expected to be received by the end of January.

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LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“The significant near-surface gold assay results returned from the recently completed Diamond and RC metallurgical drilling programs at Burns truly is a reminder of the exceptional nature of the high-grade core of the Burns Central deposit.

 

“Along with advancing the exploration upside along strike, we look forward to incorporating the pending metallurgical test work results, expected in late January, to advance final development option for Burns, as we seek to unlock a second gold production pathway for the Company.”

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To read the full news release, please click HERE

 

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To view the latest share price and chart, please click HERE

 

To View Lefroy Exploration’s historical news, please click here

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds  shares in Lefroy Exploration

.

To read our full terms and conditions, please click HERE

 

 




Pacgold’s Imminent Gold Production from The White Dam Project

Pacgold (ASX: PGO)

Announced that gold production and initial cash flow is imminent with cyanide irrigation now underway along the western wall of the heap leach pad at the recently acquired White Dam Gold Project, located in South Australia, approximately 80km west of
Broken Hill.

 

 

 

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Aerial view of the White Dam Project – Courtesy of Pacgold Ltd.

 

 

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Pacgold ASX : PGO
Stage Exploration
Metals Gold
Market cap A$38.7m   @A$ 9.1
Location Queensland, Australia
Website www.pacgold.com.au/

 

 

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Pacgold Imminent Gold Production from The White Dam Project – Up to 250kt of ore to be under irrigation by mid-January

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce that gold production and initial cash flow is imminent with cyanide irrigation now underway along the western wall of the heap leach pad at the recently acquired White Dam Gold Project (‘the Project’), located in South Australia, approximately 80km west of
Broken Hill.

HIGHLIGHTS

 HEAP LEACH IRRIGATION UNDERWAY – Cyanide irrigation is now underway along the western wall of the heap leach pad at the White Dam Gold Project in South Australia.

 NEAR TERM GOLD PRODUCTION AND CASH FLOW – Up to 250,000T of original run of mine (ROM) ore on the first lift of the existing heap leach dump has now been turned over and aerated and will be fully under irrigation by mid-January 2026, paving the way for near term gold production and initial cash flow.

 EXPLORATION TEAM AND DRILL CREWS MOBILISING- The full exploration team is now mobilising back to site with development drilling at Vertigo, Hannaford and White Dam North set to recommence within the next week.

Approximately 250,000 tonnes of original run of mine (ROM) ore on the first lift of the existing heap leach dump has been turned over and will be irrigated by mid-January 2026.

heap leach irrigation will utilise the recently relined and approved Pregnant Leach Solution (PLS) pond and existing fully operational processing infrastructure
on site.

The excavator will remain onsite for the coming months and continue to focus on aeration of areas of the pad which have received less irrigation to date.

The initial leaching timeframe is expected to be approximately 5-6 weeks with ore’ to be processed and sold as soon as possible providing initial cash flow from the operation and funding for additional development and exploration activities throughout the company’s portfolio.

Results are expected to provide confidence in future recovery rates of gold remaining in pad.

 

 

Pacgold’s Managing Director, Matthew Boyes, commented:

“Commencing heap leach irrigation at White Dam is a major milestone for the Company and marks the transition from project acquisition to gold production.

 

“We are all very keen to see how this first batch of material reacts to aeration and being turned over.

 

“This exercise should be viewed as a large-scale metallurgical test work programme, results of which we anticipate will demonstrate the potential to extract significant value from the 7.5 million tonnes of existing ROM ore on the leach pad over the coming months.

 

“With cyanide irrigation now underway and up to 250,000 tonnes of ROM ore expected to be under leach by mid-January, we are on track for imminent gold production and the generation of initial cash flow.

 

“This is a significant low cost and low-risk step in unlocking near-term value from White Dam and strengthening the Company’s financial position in the current high gold price environment.”

,

To read the full news release, please click HERE

 

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To view the latest share price and chart, please click HERE

 

The Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Pacgold

.




G2 Goldfields Drilling Expands OKO High-Grade Gold Resource

G2 Goldfields (TSX: GTWO)

Announced new assay results from the Company’s ongoing diamond drill program at the OKO Project, Guyana. 

Gold production is estimated at 298,000 ounces per annum during years 3 through 10. The OKO gold project will contribute significantly to Guyana’s economy.

 

 

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G2 Goldfields

Drill core – Credits G2 Goldfields

 

 

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G2 Goldfields TSX: GTWO
Stage Development + Exploration
Metals Gold
Market cap C$1.75b @ C$6.8
Location Guyana
Website www.g2goldfields.com

 

 

 

 

 

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G2 Goldfields Drilling Continues to Expand High-Grade Gold Resource at OKO

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TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) —G2 Goldfields Inc.(“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce new assay results from the Company’s ongoing diamond drill program at the OKO Project, Guyana (“OKO” or the “Project”).

In December 2025, G2 released key findings from an independent Preliminary Economic Assessment (“PEA”)[see press release dated December 18, 2025].

The PEA outlined a combined open pit and underground operation with a 14-year mine life with total gold production estimated at 3.2 million ounces at all-in sustaining costs¹ (“AISC”) of US$1,191 per ounce.

Gold production is estimated at 298,000 ounces per annum during years 3 through 10. The OKO gold project will contribute significantly to Guyana’s economy through payments of royalties, taxes, and employment opportunities.

Assay results are reported hereunder for 16 new diamond drill holes totalling 5,997 metres (“m”).

Highlights of the results are compiled in Table 1, with a complete table of results available here.

,

,

Table 1 – Highlights of Drilling Results: Border / Ghanie Gold Zones

DRILL
HOLE
FROM
(METRES)
TO
(METRES)
INT.
(METRES)
GRADE
(G/T AU)
GRADE x
DH WIDTH
GDD247 58.5 88.5 30.0 2.1 61.8
GDD251A 151.0 161.5 10.5 2.6 27.6
GDD251A 222.5 242.0 19.5 2.3 44.9
Notes to Table 1: The intercepts reported are down-hole widths. True widths are estimated between 62% and 98% of reported down-hole widths. Gold grades are uncapped.

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Figure 1 – District Plan View of Targets

Figure 1 – District Plan View of Targets
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.
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Daniel Noone, CEO of G2 stated,

“These results continue to demonstrate the ongoing expansion of gold resources at the Oko Project, with mineralisation remaining open in multiple directions.

/

“With five rigs focused on the Ghanie / Border target areas, alongside continued greenfields exploration across the district, we are excited about the potential for additional gold discoveries in the greater Oko district.

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“G2 will continue to unlock shareholder value by aggressively exploring and de-risking its portfolio of gold projects.”

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author is invested in G2 Goldfields 

.

To read our full terms and conditions, please click HERE




Mogotes Metals Financing and Carmel Daniele Joins the Board

Mogotes Metals. (TSX.V: MOG)

Announced a non-brokered private placement through the issuance of 71,698,113 units at a price of $0.265 per Unit for aggregate gross proceeds of up to C$19,000,000.

The Company welcomes the participation of CD Capital Fund IV L.P., which, has subscribed for C$15,000,000 of the Offering.

 

 

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Mogotes Metals

Filo Sur vista – Courtesy of Mogotes Metals

Mogotes Metals

 

Mogotes Launches C$19M Private Placement and Welcomes CD Capital

 

 

C$19M private placement with C$15M from CD Capital

 

 

January 5, 2026 – Toronto, Ontario – Mogotes Metals Inc. (TSXV: MOG, FSE:OY4, OTCQB: MOGMF) (“Mogotes”, or the “Company”) is pleased to announce a non-brokered private placement through the issuance of 71,698,113 units (each, a “Unit”) at a price of $0.265 per Unit for aggregate gross proceeds of up to C$19,000,000 (the “Offering”).

Each Unit shall be comprised of one common share (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.53 per Common Share for a period of three (3) years from the closing of the Offering. The gross proceeds from the sale of the Units will be used for general corporate and working capital purposes.

The Company welcomes the participation of CD Capital Fund IV L.P. (“CD Capital), which, has subscribed for C$15,000,000 of the Offering, resulting in CD Capital becoming a significant shareholder on completion of the Offering. In connection with the strategic investment, Carmel Daniele will join the board of directors of the Company.

Founder & CEO of CD Capital, Carmel Daniele, an investor with a strong track record in the minerals industry, has launched four Private Equity funds, raising over US$1 billion in long-term patient capital, predominantly from leading North American institutional investors, including endowments and foundations, family offices and pension funds. CD Capital develops projects globally in minerals critical to the data revolution, the greening of the planet and fertilizers essential to feeding the world’s population.

CD Capital has a unique focus on partnering up with repeat management teams that have a strong track record in successfully developing projects globally, including; Peru, Argentina, Chile, Canada, Finland, Greenland and Australia.

Carmel Daniele and the CD Capital team identified the potential in the Filo del Sol project early and prior to its high-grade Aurora Zone discovery (FSDH041 returned 858m at 0.86% Cu; 0.70g/t Au; 48.1g/t Ag from 188m depth)[1].

CD Capital took a strategic stake in Filo Corp back in 2020[2] enabling an expansion program of drilling to define deeper sulphide mineralisation. The Filo del Sol project, which is the neighbour of the Mogotes Filo Sur Project, has since gone on to significant exploration success as the World’s largest greenfield copper discovery of the last 3 decades[3].

Carmel Daniele, who will be joining the board of directors of Mogotes in connection with this investment, previously served on the board of directors of Filo Corp (acquired by BHP and Lundin Mining for a valuation of C$4.5B), and currently serves on the board of Lundin Gold (market capitalization over C$27B at time of press release).

Mogotes looks forward to working closely with Carmel and the CD Capital team leveraging its combination of long-term patient institutional capital and sector expertise, to unlock value from the Filo Sur project.

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To read the full news release please click HERE

 

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To see the latest share price and chart, please click HERE

 

..To View Mogote Metals’ historical news, please click here

.

The live gold price can be found HERE

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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Mogotes Metals.

.




Happy New Year

Happy New Year

City Investors circle wishes all our readers a happy, healthy, and prosperous New Year.

May 2026 continue to reward investors everywhere.

 

 

 

 

 

Orla Mining

 

 

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Happy New Year

City Investors circle wishes all our readers a happy, healthy, and prosperous New Year.

May 2026 continue to reward investors everywhere.

 

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——-

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

To read our full terms and conditions, please click HERE




Stocks to Watch in 2026 – Colonial Coal

Stocks to Watch in 2026 – Colonial Coal

Colonial is a coal exploration and development company based in the prolific Peace River area of British Columbia.

The company has a large metallurgical (steelmaking) coal asset surrounded by larger players. The company are looking to complete a corporate transaction in the near future.

 

 

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Colonial Coal TSX.v : CAD
Stage Exploration
Metals Metallurgical coal
Market cap C$443 m   @ C$2.43
Location British Columbia, Canada
Website www.ccoal.ca

 

 

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City Investors Circle – Stocks to Watch in 2026 – Colonial Coal

Colonial is a coal exploration and development company based in the prolific Peace River area of British Columbia.

The company has a large metallurgical (steelmaking) coal asset surrounded by larger players. The company is looking to complete a corporate transaction in the near future.

 

Highlights

The company focuses on acquiring, exploring, and advancing high-quality metallurgical coal projects in Canada.

There is no current production as the company focus on its strengths, exploration and development, and has a pipeline aimed at supplying premium steelmaking coal, particularly for Asian markets.

There is a direct rail link from a line nearby direct to a port where the coal can be shipped to Asian markets in a shorter route than from Australia or southern Canadian ports, saving both time and money.

.

Next steps

The company recently announced a news release stating that it is in discussion with various entities about a potential corporate action, see here.

One can only hope that with the coking coal price moving upwards slowly, that the near future will see a corporate action that enhances shareholder value.

CEO David Austin has overseen two major coal deals before , both in British Columbia, so has the experience required to negotiate to create shareholder value.

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Conclusion

Colonial is a company looking to either sell one or both of its assets, or potentially become part of a greater entity, all options are currently open.

Given the success David Austin has delivered previously, there’s certainly a reason for cautious optimism amongst shareholders, of which I’m one.

.

——-

 

To view Colonial Coal’s latest share price and chart, please click HERE

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Live metal prices can be found HERE

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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Colonial Coal.

.

To read our full terms and conditions, please click HERE




Stocks to watch in 2026 – Barton Gold

Stocks to watch in 2026 – Barton Gold

Barton Gold is due to enter production in late 2026 at its Gowler Mill in South Australia.

Barton is an active company, and management are targeting 150,000 Oz gold production annually in the future.

 

 

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Barton Gold

Challenger plant – Courtesy of Barton Gold

 

 

 

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Barton Gold ASX: BGD
Stage Production, development
Metals Gold
Market Cap A$329 Million   @A$1.33
Location South Australia
Website www.bartongold.com.au

 

 

 

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Comment

 

I have to admit, of all the stocks on my watchlist ,and in my current portfolio, Barton is my number one selection for having the most potential to create shareholder value in 2026.

The company has a strong management team that are quietly achieving their objectives moving towards the first phase of a two phase production schedule.

They are refurbishing an existing mill for a small capex, and are looking to commence gold production at the end of 2026, or the beginning of 2027.

For that reason, provided the gold price remains high around current levels, or higher of course, I see Barton climbing towards the production peak on the Lassonde Curve later this year.

Phase 2 production is three years away, when the company hope to produce 150,000 ounces of gold production per annum, which will produce a massive profit if the gold price remains high. 

Management own 21% of the stock, and institutions 36%, a good sign of confidence in the project and management.

Management visit Europe frequently, I meet CEO Alex Scanlon whenever he comes, he’s very communicative, which is another tick in the box for my personal criteria.

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Stocks to watch in 2026 – Barton Gold

Barton Gold is due to enter production in late 2026 at its Gowler Mill in South Australia.

Barton is an active company and management are targeting 150,000 Oz gold production annually in the future.

The company are entering a two phase production plan, with a first stage due to enter production late 2026, early 2027. I personally always allow for some slippage in the timeline as mining is a complicated business.

The mill is fully permitted, and therefore I don’t expect too many challenges for the restart.

 

Phase 1

Involves reprocessing historic tailings, which provides a low cost entry to production. I like tailings projects, the hard work has already been done, they sit on surface, not in the ground, and new technology makes it possible to produce from what’s left over from their original processing.

 

Highlights

A DFS is due in March 2026.

Mill commissioning, and phase 1 operations are due to commence at the end of 2026.

Capex A$26 million.

Mill capacity will be between 600 and 650 ktpa.

 

Future Plans

Barton’s long term target after phase 2 is initiated is to produce 250,000 ounces of gold per annum.

Phase 1 production is designed to give Barton a chance to earn early cashflow as the longer term plans develop.

 

The latest Barton Gold Corporate presentation can be viewed HERE

 

In conclusion, I believe Barton Gold will deliver, the risk level looks at the lower end of the scale, being a tailings project to be processed at a refurbished mill, with low capex.

 

One to watch during 2026, especially as production startup approaches, as I expect the normal Lassonde Curve rules of shareholder value creation to apply as production approaches.

.

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The live Barton Gold share price and chart can be found HERE 

 

..To View Barton Gold’s’ historical news, please click here

.

The live gold price can be found HERE

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=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Barton Gold.

.

To read our full terms and conditions, please click HERE

 

 




Companies to Watch in 2026 – Heliostar Metals

Companies to Watch in 2026 – Heliostar Metals

Heliostar has two producing mines and four growth assets, all in tier one jurisdictions,  Mexico and Alaska.

The company has an ambitious plan to be producing 500,000 Oz of gold per annum by 2030.

 

 

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Heliostar

Heliostar Ana Paula drill map – Courtesy of Heliostar Metals

 

 

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Heliostar Metals TSX.V: HSTR
Stage Production / Development
Metals Gold
Market cap C$734m @ C$2.86
Location Mexico
Website www.heliostarmetals.com

 

 

 

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Companies to Watch in 2026 – Heliostar Metals

 

 

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Heliostar Metals (TSX.V: HSTR) has two producing mines and four growth assets, all in tier one jurisdictions, Mexico and Alaska.

The company has an ambitious plan to be producing 500,000 Oz of gold per annum by 2030.