Equinox Gold Produces The First Gold Ore at Valentine

Equinox Gold (TSX: EQX / NYSE: EQX)

Provide an update on its cornerstone Canadian mining operations, the Valentine Gold Mine located in Newfoundland & Labrador, and the Greenstone Gold Mine  located in northern Ontario.

The Valentine Gold Mine has begun processing ore through its 2.5-million-tonne-per-annum facility.

 

 

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Calibre Mining

Equinox gold Valentine Gold Mine – Credit Calibre Mining

 

 

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Equinox Gold TSX: EQX
Stage Production, development, exploration
Metals Gold
Market cap C$8.64 Billion @ C$11.37
Location Canada, Nicaragua, USA, Brazil
Website www.equinoxgold.com

 

 

Equinox Gold Advances Canadian Operations with First Ore Processed at the Valentine Gold Mine and Leadership Additions at the Greenstone Gold Mine

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Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX)(“Equinox Gold” or the “Company”) is pleased to provide an update on its cornerstone Canadian mining operations, the Valentine Gold Mine (“Valentine”) located in Newfoundland & Labrador, and the Greenstone Gold Mine (“Greenstone”) located in northern Ontario.

 

 

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

“I am pleased to announce that our Valentine Gold Mine has begun processing ore through its 2.5-million-tonne-per-annum facility.

 

“We expect to pour first gold within the next month, marking another important milestone for Equinox Gold as we bring our second cornerstone Canadian mine into production (see video here).

 

“With a skilled operating team, with proven commissioning expertise, established systems and procedures and critical spares in place, the team is well positioned to ramp-up to nameplate capacity during Q2 2026.

 

“At that point, Valentine is expected to produce between 175,000 and 200,000 ounces of gold annually for the first 12 years of its 14-year reserve life.

 

“Equinox Gold is entering a pivotal phase of growth, with production and cash flow expected to increase meaningfully as Valentine ramps up and Greenstone approaches nameplate capacity.

 

“At Greenstone, the ramp-up continues to advance, supported by new leadership and technical expertise. Bryan Wilson has been appointed Vice President of Operations and will start on September 3, bringing more than 37 years of experience in both open pit and underground mining to the team.

 

“Bryan has a proven track record of safe, efficient, and profitable operations and is widely recognized as a change agent who drives performance improvements while upholding the highest safety standards.

 

“Bryan was most recently Vice President of Operations at IAMGOLD’s Côté Gold Mine, where he led the transformation of the operation through commissioning, optimization, and into steady-state delivery.

 

“We also welcomed Roger Souckey as Director, External Relations. With 35 years of global mining experience at both the site and corporate levels, Roger will lead stakeholder and community relations at Greenstone.

 

“The Company has also strengthened its executive leadership team with the appointment of Daniella Dimitrov as Executive Vice President of Sustainability, People & Strategy.

 

“With more than 25 years of leadership experience in strategy, finance, and governance, Daniella adds valuable expertise that will advance our vision of building a top-quartile gold producer anchored by long-life Canadian mines.

 

“Additionally, holders of the Company’s 2020 Convertible Notes elected to convert their notes into common shares at the conversion price of US$6.50 per share and on August 18, 2025, Equinox Gold issued 21.4 million shares to fully settle the US$139.2 million principal amount of the notes. The retirement of the 2020 Convertible Notes marks another step in the Company’s objective to reduce overall leverage.”

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To read the full news release, please click HERE

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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.

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Disclosure

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

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Ora Banda Mining Report Record Revenue of A$404 million

Ora Banda Mining (ASX: OBM)

Reported on its financial and operating activities for the year ended 30 June 2025 – a year during which the Company demonstrated the robustness of its underground strategy, and record revenues of A$404 million.

Closing cash increased by $57.4 million despite spending over $124.2 million on exploration, resource development and capital.

 

 

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Ora Banda Mining

Ora Banda mine location map – Credits Ora Banda Mining

 

 

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Ora Banda ASX: OBM
Stage Production + development
Metals Gold
Market cap A$1.6 Billion @ A$0.86
Location Western Australia
Website www.orabandamining.com.au

 

 

 

 

 

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Ora Banda Mining Announce Record FY25 Results

 

 

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Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report on its financial and operating activities for the year ended 30 June 2025 – a year during which the Company demonstrated the robustness of its underground strategy.

Closing cash increased by $57.4 million despite spending over $124.2 million on exploration, resource development and capital including:
• $73.5 million on Riverina and Sand King underground development;
• $28.3 million on resource development & exploration activities; and
• $22.4 million on growth capital works projects for Sand King, camp upgrades and on-going improvement projects at the Davyhurst mill.


FY25 Highlights:

• Record revenue of $404.3 million (FY24: $214.2M)
• EBITDA increased by 243% to $184.6 million
• Closing cash of $84.2 million (June 2024: $26.8 million), up $57.4 million
• Net Profit after Tax (NPAT) increased 575% to $186.1 million including a $73.1 million net income tax benefit from the recognition of a deferred tax asset associated with carry forward losses
• Record gold sold from the Davyhurst mill of 91,687oz at an AISC3 of $2,693/oz (FY24: 67,255oz at an AISC of $2,767/oz)
• Riverina Underground achieved capital payback only 18 months after commencement
• Operations commenced at the Group’s second underground mine, Sand King, with all key metrics achieved on schedule
• Executed a Syndicated Facility Agreement (“SFA”) with ANZ and CBA for a revolving credit facility (“RCF”) of A$50 million for an initial 2-year term.

 

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The Group achieved record production for the year with a total of 92,399oz produced (including attributed ounces) representing a 32% increase on FY24. The increase was driven by a larger percentage of higher-grade Riverina Underground ore being processed in FY25, together with the introduction of Sand King material from February 2025.

The increased production coupled with a higher realised gold price (A$1,159/oz higher than FY24) resulted in record revenue of $404.3 million.

Riverina Underground reached commercial production on 1 August 2024 following two consecutive months of steady state production and achieved payback of its capital investment within 18
1 EBITDA – earnings before interest, tax, depreciation and amortisation. EBITDA is a non IFRS measure
2 In the current year, the Group recognised deferred tax assets relating to carry forward unused tax losses. Based on the Group’s 2024 income tax return & estimates for 2025. the Group has carried forward losses of $277.4M ($83.2M tax effected). The difference between this $83.2M and the $73.1M income tax benefit is associated with timing differences on deferred taxes.
3 AISC – all-in sustaining costs per ounce sold (inclusive of attributed ounces)
4 Ore sale agreement with Norton Goldfields delivering 1.4koz of attributed ounces for FY25 – refer to ASX Announcement “FY25 Production Results & FY26 Guidance” dated 11 July 2025

 

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The full news release can be viewed HERE

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.To View Ora Banda Mining’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 Ora Banda Mining.

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To read our full terms and conditions, please click HERE

 



Horizon Minerals Acquires the Gordon Dam Project

Horizon Minerals (ASX: HRZ)

(Announced commencement of regional consolidation of assets near the 100% owned Black Swan processing facility via executing a Binding Tenement Sale Agreement (“TSA”) with Yandal Resources Limited (ASX: YRL).

 

 

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Horizon Minerals

Photo courtesy of Horizon Minerals

 

 

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Horizon Minerals ASX: HRZ
Stage Development, Production
Metals Gold,Nickel, Cobalt
Market cap A$150 million @ A$0.62
Location Kalgoorlie, Western Australia
Website www.horizonminerals.com.au/

 

 

 

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HORIZON MINERALS’  ACQUISITION OF PROJECTS NEAR BLACK SWAN INCLUDING THE GORDONS DAM PROJECT

 

Horizon Minerals Limited (ASX: HRZ) (“Horizon” or “the Company”) is pleased to announce commencement of regional consolidation of assets (“Acquisition”) near the 100% owned Black Swan processing facility via executing a Binding Tenement Sale Agreement (“TSA”) with Yandal Resources Limited (ASX: YRL) (“Yandal”).

 

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HIGHLIGHTS

• Binding TSA executed with Yandal for the acquisition of 100% interest in the Gordons, Mt. Jewell, Malone and Mulgarrie gold projects in the Western Australian goldfields
• Projects comprise 34 granted mining, prospecting, exploration and miscellaneous licences covering an area of approximately 77 km2 strategically located in close proximity to the Black Swan processing plant:
o Gordons Dam project, 10km west-south-west of Black Swan with an established
mineral resource of 365 kt grading 1.7 g/t Au for 20 koz with mineralisation open at
depth and along strike and on a granted Mining Lease 1
o Multiple drilling targets identified including the advanced Star of Gordon and Malone
prospects
• Projects acquired for total consideration of A$2.810m on the following terms:
o $0.2m refundable cash deposit on execution of the TSA (paid)
o $1.0m cash from existing reserves (Cash Payment) on completion, and
o $1.610m in fully paid ordinary Horizon shares (Consideration Shares) on completion
at an issue price equal to a 10% discount to the 15 trading day volume weighted
average price up to and including the day immediately prior to the date of execution
of the TSA. The issued shares will not be subject to any escrow restrictions. The
share consideration may also be paid as cash, at Horizon’s election at the time of
completion.

 

 

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 Managing Director and CEO Mr Grant Haywood said:

“We are pleased to acquire these projects in close proximity to our processing infrastructure.

 

“Our key focus is completing study work with the aim of generating a five-year life of mine plan processing through our Black Swan processing plant.

“In addition to the resource at Gordons Dam, these assets complement our current large strategic land holdings in the WA goldfields. We see great potential in this area for further resource growth along with enormous exploration upside.”

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To read the full news release please click HERE

 

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..To View Horizon Minerals’ 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 Horizon Minerals.

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To read our full terms and conditions, please click HERE



Omai Increases Indicated Mineral Resources to 2.1 M Oz AU

Omai Gold Mines (TSX.V: OMG)

Reported an updated Mineral Resource Estimate on its Omai Gold Property in Guyana.

For the Wenot MRE, the Inferred MRE increased 130% to 3,717,000 oz grading 1.82 g/t Au, contained in 63.4 million tonnes, and the Indicated MRE increased 16% to 970,000 oz grading 1.46 g/t Au, contained in 20.7 Mt.

 

 

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Omai Gold core logging huts – Courtesy of Omai Gold Mines

 

 

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Omai Gold Mines TSX.V : OMG
Stage Development
Metals Gold
Market cap C$546 m   @ C$0.89
Location Guyana
Website www.omaigoldmines.com

 

 

OMAI INCREASES INDICATED MINERAL RESOURCES TO 2.1 MOZ AU (2.07 g/t Au, 31.9Mt) AND INFERRED MINERAL RESOURCES TO 4.4 MOZ AU (1.95 g/t Au, 69.6Mt) WITH EXPANSION OF WENOT DEPOSIT

 

August 25, 2025, Toronto, Ontario – Omai Gold Mines Corp. (TSX.V: OMG) (OTCQB: OMGGF) (“Omai Gold” or the “Company”) is pleased to report an updated Mineral Resource Estimate (“MRE”) on its 100%-owned Omai Gold Property in Guyana.

The MRE includes an expansion to the Wenot Deposit and incorporates the previously disclosed Gilt Creek Deposit.

Most significantly, for the Wenot Mineral Resource Estimate (“MRE”), the Inferred MRE increased 130% to 3,717,000 oz grading 1.82 g/t Au, contained in 63.4 million tonnes (“Mt”), and the Indicated MRE increased 16% to 970,000 oz grading 1.46 g/t Au, contained in 20.7 Mt.

 

 

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HIGHLIGHTS:

The Omai Property hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit (Figure 1), with a combined updated MRE (over the February 2024 MRE) of:
• 2,121,000 ounces of gold (Indicated MRE), a 7% increase, averaging 2.07 g/t Au in 31.9Mt &
• 4,382,000 ounces of gold (Inferred MRE), a 92% increase, averaging 1.95 g/t Au in 69.6Mt
Wenot Deposit (a constrained pit and underground approach is applied)
• 970,000 oz of gold in 20.7Mt (Indicated), a 16% increase in ounces over the Feb 2024 MRE
• 3,717,000 oz of gold in 63.4Mt (Inferred), a 130% increase in ounces
• 1.46 g/t Au grade of Indicated MRE, a 1.4% decrease*
• 1.82 g/t Au grade of Inferred MRE, an 8.5% decrease*
• *Increased gold price assumption to $2,500/oz from $1,850/oz allowed cutoff lower to 0.30 g/t Au
from 0.35 g/t Au, resulting in lower average grades however increased ounces
• ~60% above 350m depth from surface (Figure 2a)
• ~30% of Wenot MRE is west of the historical open pit, an area considered to be well suited to initial mining.
• Expansion potential is evident along a minimum 2.5 km length of the host Wenot shear corridor, including within, adjacent to, below, and along strike Gilt Creek Deposit (an underground mining approach is applied)
• 1,151,000 ounces of gold (Indicated) averaging 3.22 g/t Au, in 11.1Mt (Feb 2024 MRE)
• 665,000 ounces of gold (Inferred) averaging 3.35 g/t Au, in 6.2Mt (Feb 2024 MRE)
• Hosted within a 500m by 300m quartz diorite intrusive “Omai stock” that produced 2.4 million ounces of gold (1993 to 2005) from the upper 250m
• Located 500m north of the Wenot Deposit and below the past-producing Fennel open pit
• Characterized by very wide sub-horizontal zones of gold mineralization (Figure 5)
• Open to depth and holds demonstrated potential for lateral expansion.

 

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Elaine Ellingham, President & CEO commented,

“We are pleased to be delivering yet another very substantial increase to the Mineral Resource Estimate for our Omai Gold Project in Guyana.

 

“This firmly positions Omai as one of the top two largest gold projects in Guyana. Omai has many benefits as a brownfields project, not the least of which is road access (mostly paved), an airstrip, a cleared site, established tailings sites and known past production parameters.

 

“In addition to these clear advantages, Guyana has proven to be a favourable jurisdiction, now recognized by the Fraser Institute as the 9th best jurisdiction for mining investment in the world, with a Government and people that are supportive of large-scale mine development.

 

“This updated Mineral Resource Estimate reinforces the potential for accelerated large-scale mine re-development at Omai, a project that continues to deliver superior value
creation for all stakeholders.

 

“With each successive milestone it becomes clearer that Omai has the potential to be a multi-decade world-class gold mining operation.

 

“Notwithstanding this large gold Mineral Resource Estimate we announced today, we still see very significant potential to further expand the gold zones at both the Wenot and the Gilt Creek Deposits.

 

“We will continue to aggressively drill to increase these Mineral Resources and to upgrade the Inferred Mineral Resource Estimate, in order to advance the project towards a Feasibility Study later in 2026.

 

“Two drills are currently turning on nearby known gold occurrences, exploring for near-surface satellite deposits, while the third drill continues on a deep hole (25ODD-122) that drilled across the Gilt Creek Deposit and continues, with the goal of testing the blue sky depth potential of the adjacent Wenot Deposit.”

 

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To read the full news release, 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

.

=======

,

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 Omai Gold Mines. 

.

To read our full terms and conditions, please click HERE



Pacgold Issue Alice River Gold Project Drilling Update

Pacgold Ltd. (ASX: PGO)

Announced results for the second batch of 45 reverse circulation drillholes in this year’s 13,000m RC at the Company’s 100% owned Alice River Gold Project, 300km northwest of Cairns, North Queensland.

 

 

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Pacgold location map

Pacgold project location map – Credits Pacgold Limited.

 

 

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Pacgold ASX : PGO
Stage Exploration
Metals Gold
Market cap A$14 m   @A$ 6.2c
Location Queensland, Australia
Website www.pacgold.com.au/

 

 

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Pacgold Alice River Gold Project Drilling Update

 

 

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Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce results for the second batch of 45 reverse circulation drillholes in this year’s 13,000m Reverse Circulation (‘RC’) drill programme at the Company’s 100% owned Alice River Gold Project (‘the Project’), 300km northwest of Cairns, North Queensland.

 

Drilling intersects significant widths of shallow mineralisation.

HIGHLIGHTS

• SOUTHERN TARGET RC DRILLING – Assays received for holes completed to test
extensions of the Mineral Resource Estimate:
• STDH030 – 20m @ 0.5g/t Au from 96m incl. 3m @ 1.0g/t Au from 99m, and 6m @
1.3g/t Au from 132m
• STDH031 – 54m @ 0.5g/t Au from 21m incl. 4m @ 2.7g/t Au from 21m and 2m @ 2.7g/t Au from 64m

• REGIONAL RC DRILLING – Programmes completed on the Posie and The Shadows
Prospects to test strike and depth extensions of the Mineral Resource Estimate, and followup Au anomalies generated from the 2024 Aircore drilling program; the RC rig is now testing the highest priority targets at Victoria and Jerry Dodds, 10,912m of RC drilling completed of the planned 13,000m programme including the White Lion.

• HERITAGE CLEARANCE WHITE LION – Heritage clearance over the White Lion
Geophysical target has now been completed and RC drilling now planned to commence
by the 7th of September, Geophysical pole-dipole completed with results now being
processed and are scheduled for release next week
• AIRCORE PROGRAMME- The regional extension Aircore programme is now completed with a total of 432 holes and 4,608m of Aircore drilling, all samples have now been submitted with assays scheduled within 3 weeks

 

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Pacgold’s Managing Director, Matthew Boyes, commented:

“This second batch of RC holes from The Shadows, Southern and Central targets have now successfully extended the broad zones of mineralisation previously encountered last years RC programme.

 

“The highest priority targets of Victoria and Jerry Dodds are now being drilled before we close out the campaign with our maiden programme testing the White Lion geophysical target from the 6-7th of September.

 

“White Lion is the most compelling target I have seen developed to date with a chargeable body measuring up to 1.2km in strike and 500m in width some 50-80m below surface.

 

“The Aircore programme is also now completed with another 432 holes (4,608m) completed and will develop a further set of targets to the south east of Victoria and Jerry Dodds to be drilled in Q4 this year and early in next year’s drill season.”

 

To read the full news release, please click HERE

 

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RC and DD Drilling Program

The RC drilling program which commenced in mid-April is continuing to test a number of high priority targets on the Project.

A total of 83 holes for 9,538 metres has been undertaken to 9th August. Step out drilling has been completed on the May 2025 Mineral Resource Estimate (MRE)1 on the Central Target (33 holes) and Southern Targets (19 holes), and the Posie Prospect (20 holes).

Assay results have been returned for the Central and Southern Target, providing strong support for definition of extensions to the MRE. 
. These include:
• CENTRAL TARGET:
o ARDH122 – 2m@ 4.2 g/t Au from 55m incl. 1m @ 7.6g/t Au from 54m
o ARDH130 – 10m @ 0.8g/t Au from 121m incl. 4m @ 1.6g/t Au from 121m

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To read the full news release, please click HERE

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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 Pacgold

.

To read our full terms and conditions, please click HERE



Pacgold Farm In Agreement to acquire St George Gold-Antimony Project

Pacgold Limited (ASX: PGO)

Announced a farm in agreement on the “St George Antimony” Project , 70km west of Mt Carbine, North Queensland.

The tenement package consists of 7 tenements comprising of 5 granted and 2 tenements in application for a total area of 905km2 within a developing Antimony province in the Hodgkinson Province.

 

 

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Pacgold location map

Map courtesy of Pacgold Ltd.

 

 

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Pacgold ASX : PGO
Stage Exploration
Metals Gold
Market cap A$15 m   @A$ 6.6c
Location Queensland, Australia
Website www.pacgold.com.au/

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Pacgold Farm In Agreement to acquire St George Gold-Antimony Project North Queensland

 

Widespread high grade outcropping Au-Sb mineralisation

 

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce a farm in agreement on the “St George Antimony” Project (‘the Project’), 70km west of Mt Carbine, North Queensland. The tenement package consists of 7 tenements comprising of 5 granted and 2 tenements in application for a total area of 905km2 within a developing Antimony province in the Hodgkinson Province.

HIGHLIGHTS

• FARM IN AGREEMENT SIGNED – Pacgold has the right to earn up to 100% interest in the St George Gold-Antimony Project in northeast QLD over three-stage farm in agreement, significant land position with exploration tenements totalling 905Km2
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• ST GEORGE ANTIMONY MINE – Historical antimony mine with reported production of 60T grading 60% of Antimony1 produced from artisanal open cut and underground workings; no modern drilling undertaken.
• CRITICAL MINERAL EXPOSURE – Antimony classed as critical mineral, with robust
demand and limited global supply growth leading to metal prices at historic highs
• HIGH-GRADE ANTIMONY IN ROCK CHIPS – Due diligence rock chip sampling and
mapping confirmed extremely high grades of Antimony in Au-Sb rich structurally controlled veins on the St George Mine, significant rock chips reported included;
• SG250704 returned 49.4% Sb and 0.05g/t Au
• HRX10212 returned 66.6% Sb and 0.01g/t Au
• HRX10086 returned 16.35% Sb and 10.1g/t Au
• HRX10161 returned 28.1% Sb and 0.01g/t Au
• HRX10208 returned 51.9% Sb, NSA for Au
• HRX10151 returned 8.82% Sb and 2.05g/t Au
• HERITAGE CLEARANCE COMPLETED – St George Mine heritage clearance now
completed and in excess of 500m of mineralised strike extent drill ready.
• MULTIPLE TARGETS – Multiple high-grade Gold and Antimony occurrences on extensive regional structures within the tenement package including Poppy Prospect located approx. 2km to the west of St George Mine reported up to 112g/t Au and 17.5% Sb2
• FIRST PASS EXPLORATION COMMENCING – Pacgold will immediately commence
exploration on the land package with first pass mapping, geophysics, soil geochemistry
and drilling to be planned and completed before end of Q4.

 

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Pacgold’s Managing Director, Matthew Boyes, commented:

“Securing the St George Gold-Antimony Project is an exciting addition to our Queensland exploration portfolio, giving Pacgold exposure to a highly prospective, historically mined antimony asset in close proximity to our flagship Alice River Gold Project.

“Antimony is a critical mineral with a growing demand profile and an increasingly sharp geopolitical importance due to a supply structure dominated by China.

 

“With the price of Antimony recently reaching US$60,000/tonne and the extremely high grades confirmed from due diligence sampling, there is potential to unlock significant value at this underexplored project through systematic exploration, which we will commence immediately across the multiple high-grade targets already identified.

“With heritage clearance recently completed by the Hardrock Team, we’re looking forward to working with the local stakeholders and traditional owners to create a partnership that benefits all parties as we move into full scale exploration.

 

“Pacgold remains committed to advancing its flagship Alice River Gold Project and is now adding the complimentary St George Project to the Company’s growth strategy.”
.

To read the full news release, please click HERE

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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 Pacgold

.

To read our full terms and conditions, please click HERE



Kaiser Reef Issue Clarification Statement

Kaiser Reef (ASX:KAU)

Refers to its announcements released on 24 March 2025, 6 May 2025 and 11 August 2025 respectively titled “Investor Presentation” and retracts certain information contained within them, as well as  the Resource Life (M&I) statement of +10 years relating to Henty Gold Mine.

 

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Kaiser Reef

Kaiser Reef Henty Gold mine, Tasmania – Credits Kaiser Reef

 

 

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Kaiser Reef ASX : KAU
Stage Production, Development, Exploration
Metals Gold
Market cap A$112 million   @ A$0.19
Location Victoria, Tasmania
Website www.kaiserreef.com.au/

 

 

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Kaiser Reef Issue Clarification Statement

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ASX RELEASE I 22 AUGUST 2025
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Kaiser Reef Limited (ASX:KAU) (“Kaiser” or the “Company”) refers to its announcements released on 24 March 2025, 6 May 2025 and 11 August 2025 respectively titled “Investor Presentation” (‘Announcement’) and retracts the information included in slide 5 (24 March 2025 Announcement), slides 3 and 9 (6 May 2025 Announcement), slides 5, 9 and 12 (11 August 2025 Announcement) respectively and retracts the Resource Life (M&I) statement of +10 years relating to Henty Gold Mine does not meet the requirements of ASX Listing Rule 5.16.

Accordingly, the Company will not include information determined in this manner in future releases and investors are advised not to rely on the potential mine life information contained in the retracted statement for their investment decisions.

In addition, the Company refers to slide 13 (6 May 2025 Announcement) ,and slide 17 (11 August 2025 Announcement) respectively relating to an Exploration Target for the Maldon Gold Project (Union Hill Mine) and provides the following clarification:
Exploration Target: An Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade (or quality), relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource.

The potential quality and grade of the Exploration Target is conceptual in nature and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

 

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Competent Person Statement

The information in this release that relates to the Exploration Target and Mineral Resources for the Maldon Gold Project were first released in the Company’s announcements dated 21 July 2022 and subsequently reviewed by Shawn Panton (B.Sc.(HONS)) (Geology), AIG. an employee of Kaiser Reef Limited.

Mr Panton has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Panton consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Mr Panton holds securities in the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the announcement and confirms that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

-ENDS

This announcement was approved for release by the Board of Kaiser Reef Limited.

For further information, please contact:

Jonathan Downes
E. jonathan.downes@kaiserreef.com.au

.

To read the full news release please click HERE

 

——-

 

To View Kaiser Reef’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

.

=======

,

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 Kaiser Reef. 

.

To read our full terms and conditions, please click HERE



Awalé Expands Systematic Exploration Over Highly Prospective Land

Awalé Resources (TSX.V: ARIC)
Provided an update on ongoing exploration across its 100%-owned permits within the Odienné Project in Côte d’Ivoire.
Awalé is concentrating exploration efforts on its 100%-owned permits, which represent two-thirds of Odienné’s 2,346 km² land package, backed by a C$15 million treasury, Awalé is funded to advance a robust pipeline of greenfield exploration.

 

 

Awale Resources

Project location map – Courtesy of Awalé Resources

 

 

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Awale Resources TSX.v : ARIC
Stage Exploration
Metals Gold
Market cap C$43 m   @ 49c
Location Ivory Coast, West Africa
Website https://awaleresources.ca/

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Awalé Expands Systematic Exploration Over Highly Prospective 100%-Owned Land

Download
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Toronto, Ontario, August 7, 2025 — Awalé Resources Limited (TSX.V: ARIC) (OTCQX: AWLRF) (FSE: 2F60) (“Awalé” or the “Company”) is pleased to provide an update on ongoing exploration across its 100%-owned permits within the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire.
The Company’s wholly-owned permits cover approximately 1,550 km², representing two-thirds of the Project’s 2,346 km² land package.
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HIGHLIGHTS

  • Awalé is concentrating exploration efforts on its 100%-owned permits, which represent two-thirds of Odienné’s 2,346 km² land package.
  • Backed by a C$15 million treasury, Awalé is funded to advance a robust pipeline of greenfield exploration.
  • Two drill campaigns completed at the Fremen target with new results expected in August 2025.
  • Proven discovery track record and systematic methods being applied across highly prospective and underexplored ground.

 

Andrew Chubb, CEO of Awalé Resources commented;

 

“We are aggressively advancing exploration across three of our five 100%-owned permits, located directly along trend from our BBM, Charger, and Empire discoveries.

 

“Backed by a strengthened treasury following Fortuna Mining’s recent strategic investment, we are executing a systematic and well-funded greenfield program over some of the most prospective and underexplored ground in Côte d’Ivoire.

 

“The discoveries we’ve already made highlight the capability of our technical team, and we are now applying these proven methods to unlock the next wave of discoveries across our 100%-owned portfolio.

 

“The current exploration program is designed to develop a rapid pipeline of new drill targets in addition to Fremen, where results from a recently completed scout RC drilling are expected soon.”

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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 select 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 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 Awalé Resources.

.

To read our full terms and conditions, please click HERE



Catalyst Metals Makes Intercepts outside Trident’s Resource envelope

Catalyst Metals (ASX: CYL)

Reported recent drilling results from the Trident Gold Project, located on the Plutonic Gold Belt.

The results are from a drilling program targeting extensions of mineralisation outside of the Resource envelope.

 

 

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Catalyst Metals

Catalyst Metals Mining, courtesy of Catalyst Metals

 

 

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Catalyst Metals ASX : CYL
Stage Exploration / development
Metals Copper / Gold
Market cap A$1.73 Billion   @ A6,88
Location Murchison, Western Australia
Website www.catalystmetals.com.au

 

 

,

Catalyst Metals Makes Further intercepts outside Trident’s Resource envelope

 

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to report recent drilling results from the Trident Gold Project, located on the Plutonic Gold Belt.

The results are from a drilling program targeting extensions of mineralisation outside of the Resource envelope.

 

Highlights

• Catalyst has drilled a number of significant intercepts outside the Trident Resource
envelope
• These intercepts suggest the Trident Resource will continue to grow, giving greater
confidence in Catalyst realising its 2Moz Reserve target* for the Plutonic Gold Belt
• Intercepts such as 22.0m at 5.2 g/t and 11m at 7.1 g/t situated 80m and 250m beyond
the Resource respectively, are encouraging signs of the deposit’s further potential
• Trident is a gold project lying 30km north-east of the underutilised, but operational,
Plutonic processing plant. The project is fully permitted with development underway
• It is the second largest Resource on the Belt and as such has the potential to
meaningfully change the Reserve mine life of the current operations
• In late January 2025, Catalyst began drilling the deposit in earnest. This resulted in the
recent release of an update to the 2023 Trident Resource. The updated 2025 Trident
Resource2 resulted in the following:
o 63% increase to the Resource, from 508koz to 795koz
o 43% increase in grade from 3.7 g/t to 5.3 g/t
o Indicated Resources growing from 257koz at 5.0 g/t to 527koz at 6.4 g/t
• Now Catalyst is releasing these recent drill results. These results lie outside this recently updated Resource estimate, indicating further increases to the Resource
o 22.0m @ 5.2 g/t o 9.1m @ 10.2 g/t o 9.3m @ 3.1 g/t
o 11.0m @ 7.1g/t o 5.0m @ 5.4 g/t o 9.0m @ 3.0 g/t
o 6.0m @ 4.5 g/t o 4.0m @ 6.9 g/t o 1.0m @ 24.5 g/t
• Encouragingly, each intercept lies on the same plane as the Trident Resource trend
• These results, with planned additional drilling, will target conversion of these new areas into an inferred Resource.

 

 

 

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

“The Trident gold deposit is growing quickly. Surface drilling allows this.

 

“We know from past drilling that the system is still alive 1km down. The results released here lie between the existing 795koz Resource, all of which sits within 400m from surface, and 1km.

 

“11m at 7.1 g/t is over 250m from the Resource envelope. Such encouraging intercepts, so far from the Resource, gives us considerable confidence in extending the current Reserves.”

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To read the full news release, 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

.

=======

,

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 Solid Q2 2025 Financial and Operating Results

Equinox Gold Corp. (TSX: EQX)

Announced its Q2 2025 financial and operating results.

These results included a contribution from the Calibre Mining acquisition that closed during the quarter.

 

 

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Equinox Gold

Courtesy of Equinox Gold

 

 

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Equinox Gold TSX: EQX
Stage Production, development, exploration
Metals Gold
Market cap C$8.13 Billion @ C$10.8
Location Canada, Nicaragua, Brazil
Website www.equinoxgold.com

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Equinox Gold Delivers Solid Second Quarter 2025 Financial and Operating Results

Download

Poised for Major Inflection in Q3 2025 Including Calibre Asset Production
Canadian Greenstone Gold Mine Ramp-up and Valentine Gold Mine Start-up

 

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Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce its Q2 2025 financial and operating results.

The Company’s unaudited condensed consolidated interim financial statements (“Financial Statements”) and related management’s discussion and analysis (“MD&A”) are available for download on the Company’s profile on SEDAR+ atwww.sedarplus.ca, on EDGAR atwww.sec.gov/edgarand on the Company’s website atwww.equinoxgold.com.

 

All financial figures are in US dollars, unless otherwise indicated.

 

 

.

 

Darren Hall, CEO of Equinox Gold, commented:

“Equinox Gold is entering a pivotal growth phase.

 

“Q2 delivered solid results, led by Greenstone, where mining rates increased 23% and processing rates improved 20% over Q1.

 

“Building on that momentum, Q3 is off to a strong start, with quarter-to-date ex-pit mining volumes 10% higher than Q2 and process plant throughput averaging 24.5 kptd over the last 30 days, including more than one-third of the days above nameplate capacity of 27 ktpd. This sets the stage for our true inflection point in Q3, driven by a full-quarter contribution from the Calibre assets, first ore processed at Valentine, and continued improvement at Greenstone.

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“If the Calibre transaction had been effective from January 1, 2025, our pro-forma consolidated revenue for the first half would have been approximately $1.33 billion, highlighting the enhanced scale and earnings power of the combined company.

 

“We expect a strong second half of the year, with production on track to meet our full-year consolidated guidance of 785,000 to 915,000 ounces and anticipate continued growth in both production and cash flow into 2026.

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“Our focus is clear as we grow into a top-tier producer – operational excellence, disciplined capital allocation, and deliver on our commitments to drive debt reduction, optimize our balance sheet, and maximize returns for shareholders.”

 

 

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HIGHLIGHTS FOR Q2 2025 AND SUBSEQUENT EVENTS(1)

  • On June 17, 2025, Equinox Gold closed its acquisition of Calibre Mining Corp. (“Calibre”)
  • Produced 219,122 ounces (“oz”) of gold, including full period contributions of 72,823 oz of gold from the Nicaragua operations and Pan Mine (“Calibre Assets”)(2), excluding 1,975 oz from Castle Mountain and 1,495 oz from Los Filos(3)
  • Total cash costs of $1,478 per oz and all-in sustaining costs (“AISC”) of $1,959 per oz(4)
  • Cash flow from operations before changes in non-cash working capital of $126.0 million ($132.9 million after changes in non-cash working capital)
  • Mine-site free cash flow before changes in non-cash working capital of $154.5 million ($178.4 million after changes in non-cash working capital)(4)
  • Adjusted EBITDA of $200.5 million(4)
  • Income from mine operations of $159.8 million
  • Net income of $23.8 million or $0.05 per share (basic)
  • Adjusted net income of $56.7 million or $0.11 per share(4)
  • Sustaining expenditures of $71.1 million(4)and non-sustaining expenditures of $42.3 million
  • Cash and equivalents (unrestricted) of $406.7 million at June 30, 2025
  • Net debt(4)of $1,373.7 million at June 30, 2025
  • Announced agreement to sell non-core Nevada assets for US$115 million (see link)
  • Valentine Gold Mine enters the final stages of commissioning with ore processing expected to commence before the end of August 2025, followed by the first gold pour approximately one month later
  • Senior leadership transition: Darren Hall was appointed Chief Executive Officer and Director on July 22, 2025.
  • Nicaragua exploration results: Reported new high-grade resource expansion drill results, including:
    • 36.77 g/t gold over 6.9 metres, 8.55 g/t gold over 14.6 metres, 10.19 g/t gold over 6.0 metres

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To read the full news release, please click HERE

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.

To View Equinox 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.

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 Equinox Gold.

.



G Mining Ventures Reports Strong Q2 2025 Results

G Mining Ventures  (TSX: GMIN)

Reported its financial and operational results for the three and six months ended June 30, 2025.

In the second quarter of 2025, gold production was 42,587 ounces, representing a 20% increase over the prior quarter, producing  a Record free cash flow generation of $60.2 million of free cash flow.

 

 

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G Mining

TZ mine Vista in Brazil – Courtesy of G Mining Ventures

 

 

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G Mining Ventures TSX: GMIN
Stage Development + Exploration
Metals Gold
Market cap C$3.97 billion @ C$17.55
Location  Para State, Brazil, Guyana
Website www.gminingventures.com

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G Mining Ventures Reports Strong Q2 2025 Results

 

 

 

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August 14, 2025

 

BROSSARD, QC, Aug. 14, 2025/CNW/ –G Mining Ventures Corp.(“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) is pleased to report its financial and operational(1)results for the three and six months ended June 30, 2025.

Unless otherwise stated, all dollar amounts in this news release are expressed in U.S. dollars.

 

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Second Quarter 2025 Operational and Financial Highlights

  • Increased production: In the second quarter of 2025, gold production was 42,587 ounces, representing a 20% increase over the prior quarter.
  • Record free cash flow generation:$60.2 million of free cash flow(2)and$79.8 million of cash provided by operating activities were generated in the second quarter. The Corporation expects strong ongoing free cash flow(2)at current gold prices through the remainder of 2025.
  • Generating robust margins: Reported all-in sustaining cost(2)(“AISC“) per ounce of gold sold of$1,170, compared to an average realized gold price(2)of$3,014per ounce year to date.
  • Record quarterly revenueof$129.6 million, representing a 32% increase over the prior quarter.
  • Record adjusted EBITDA(Earnings before Interest, Taxes, Depreciation and Amortization)(2)of$92.9 million during the quarter and$161.0 million year to date.
  • Strong profitability: Reported net income of$48.6 million, or$0.21per share, and$73.1 million, or$0.32per share year to date.
  • Strong liquidity: Cash balance was$156.1 million at the end of the second quarter, an increase of$7 million over the prior quarter.
  • Advancing Oko West: Early works activities continue to progress rapidly with$63 million of development capital spent year to date. Detailed engineering is 19% complete, with approximately$190 million committed.

 

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Recent Corporate Highlights

  • Achieved nameplate capacity at the Tocantinzinho (“TZ”) processing plant operating at 96% of designed throughput of 12,890 tonnes per day during May and June.
  • Received a court ruling (State) that removes a longstanding regulatory constraint on the Gurupi Project in Brazil, providing GMIN with the green light to advance the project with clarity.
  • Published GMIN’s third annual environmental, social and governance (“ESG”) report.

 

 

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

“Q2 was a pivotal quarter for GMIN, as we achieved nameplate throughput at TZ and delivered a step-change in gold production and free cash flow.

 

“With strong operating performance and disciplined cost management, we generated over$60 millionin free cash flow(2), strengthening our balance sheet and enabling us to advance our high-potential growth pipeline.

 

“The completion of the Oko West Feasibility Study and immanent receipt of the Final Environmental Permit, along with resolution of legacy permitting issues at Gurupi provide clear visibility on our next phases of development.

 

“These results reflect the strength of both our team and our strategy to build GMIN into the next multi-asset, mid-tier gold producer.”

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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

.

=======

,

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.

.



Barton Gold Begins Diamond Drilling at Tolmer Discovery

Barton Gold Holdings (ASX: BGD)

Confirmed diamond drilling has commenced at the Tolmer prospect, located at the Company’s South Australian Tarcoola Gold Project.

An initial program of 3 holes totalling ~550 metres drilling is planned in the ‘eastern gold zone’ to investigate local structural controls and guide future targeting.

 

 

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Barton Gold - Tolmer Silver Assays - Credits Barton Gold

 

 

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Barton Gold ASX: BGD
Stage Production, development
Metals Gold
Market Cap A$187 Million   @A$0. 84
Location South Australia
Website www.bartongold.com.au

.Barton Gold Begins Diamond Drilling  at The Tolmer Discovery

Structural investigation to guide future exploration targeting

Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to confirm diamond drilling (DD) has commenced at the Tolmer prospect, located at the Company’s South Australian Tarcoola Gold Project (Tarcoola).

An initial program of 3 holes totalling ~550 metres drilling is planned in the ‘eastern gold zone’ to investigate local structural controls and guide future targeting.

HIGHLIGHTS

• March 2025 Tolmer discovery hole ranked 5th highest-grade silver intersection reported globally during H1 2025, with an interval of 6m @ 4,747 g/t Ag from only 46m depth
• New assays have extended high grade silver horizons, and added coincident high-grade gold up to ~13g/t Au, within a highly mineralised footprint now ~1.5km wide

 

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Barton Managing Director Alexander Scanlon Commented;

“Tolmer is an exciting new discovery located between our existing Central Gawler Mill and planned Tunkillia mill.

 

“With gold and silver grades up to 83.6g/t Au and 17,600g/t Ag, Tolmer has clear potential to add significant value to our regional development strategy.

 

“This diamond drilling will help improve our local structural knowledge as we work to identify the origins of such high-grade mineralisation.”

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To read the full news release please click HERE

 

——-

 

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

.

The live gold price can be found HERE

.

=======

.

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

 



Equinox Gold Agrees to Divest Non-Core Nevada Assets for US$115 M

Equinox Gold (TSX: EQX)

Announced the sale of its 100% interest in the Pan Mine, Gold Rock Project, and Illipah Project located in Nevada, USA to Minera Alamos Inc. (TSXV: MAI)  for US$115 million, payable on closing.

 

 

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Equinox Gold

Pan Gold Mine, Nevada – Credits Fiore Gold

 

 

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Equinox Gold TSX: EQX
Stage Production, development, exploration
Metals Gold
Market cap C$6.51 Billion @ C$8.74
Location Canada, Nicaragua, USA, Brazil
Website www.equinoxgold.com

 

 

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Equinox Gold Announces Agreement to Divest Non-Core Nevada Assets for US$115 Million

Download

Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce the sale of its 100% interest in the Pan Mine, Gold Rock Project, and Illipah Project located in Nevada, USA (the “Nevada Assets”) to Minera Alamos Inc. (TSXV: MAI)  for US$115 million, payable on closing as:

  • Cash consideration of US$90 million; and
  • Equity consideration worth US$25 million in the form of Minera Alamos common shares, representing no more than 9.99% pro forma ownership on an issued and outstanding basis.

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

“The sale of our non-core Nevada Assets reflects our commitment to portfolio optimization and disciplined capital allocation.

 

“This transaction simplifies our business and allows the team to focus our efforts and capital on core operations and key development opportunities, positioning Equinox Gold to drive greater shareholder returns.

 

“The US$90 million in cash proceeds will strengthen our balance sheet, and the significant equity ownership will provide continued exposure to the upside within the Nevada Assets as well as to Minera Alamos’ existing high-quality portfolio.”

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In the event the equity portion of the consideration represents more than a 9.99% interest in Minera Alamos, the cash payment to Equinox Gold will be increased such that Equinox Gold does not own more than 9.99% of Minera Alamos shares issued and outstanding at closing.

The transaction is expected to close in the fourth quarter of 2025, subject to receipt of all regulatory and stock exchange approvals and other customary closing conditions.

.

To read the full news release please click HERE

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.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.

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Disclosure

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

.



Neometals Exits The Lithium Recycling Business

Neometals Ltd (ASX: NMT)

Following a comprehensive review of its lithium-ion battery recycling strategy, it has entered into a binding term sheet with its joint venture partner, SMS Group GmbH to transfer to SMS its 50% interests in both Primobius GmbH , the incorporated plant-building JV with SMS,  and ACN 630 589 507 Pty, the holding company for patented LiB Recycling Technology.

 

 

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Neometals Primobius JV official opening

Neometals Primobius JV official opening – Credits Neometals

 

 

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Neometals ASX / AIM : NMT
Stage Production + development
Metals Titanium + Vanadium + lithium + nickel
Market cap A$49 m   @ A$0.053
Location Australia, Finland, USA
Website www.neometals.com.au

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Binding Term Sheet for Neometals to Exit LiB Recycling Business

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Neometals Ltd (ASX: NMT) (Neometals or the Company) announces that, following a comprehensive review of its lithium-ion battery (LiB) recycling strategy, it has entered into a binding term sheet with its joint venture partner, SMS Group GmbH (SMS) to transfer to SMS its 50% interests in both:
• Primobius GmbH (Primobius), the incorporated plant-building joint venture with SMS; and
• ACN 630 589 507 Pty Ltd (ACN 630), the holding company for patented LiB Recycling
Technology.

In accordance with the binding term sheet Neometals and SMS will use all reasonable endeavours to execute formal agreements by 31 August 2025 to give effect to the proposed transaction (Formal Agreements), whereby Neometals will divest its interests in Primobius and ACN 630 to SMS in consideration for the payment of €5 million (c. A$8.9 million1) cash plus an ongoing commercial compensation fee representing 2% of Primobius’ annual revenues determined for each fiscal year from 1 July 2025 to 30 June 2037 and capped at €7 million (and indexed to inflation) (c. A$12.5 million1).

 

Completion is subject to several standard conditions precedent, including:

• receipt by Neometals of any required regulatory approvals; and
• receipt by SMS of approval from its shareholder committee.

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The transaction follows Neometals’ further assessment of the expected future quantum and timing of working capital requirements for the commercialisation of the Primobius plant building joint venture and the timing of returns from future royalties derived from plant sales.

The review also considered forecast market conditions in the battery materials, European lithium-ion cell production and electric vehicle sectors.

The transaction will deliver early cash consideration to Neometals, while relieving Neometals of the requirement for future shareholder capital contributions during Primobius’ business development phase.

This will enable Neometals to redeploy capital to other opportunities which are believed to be more net value accretive for Neometals’ shareholders.

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To read the full news release, 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

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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.

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Disclosure

At the time of writing the author holds no shares in Neometals.

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To read our full terms and conditions, please click HERE



Caprice Announce High-Grade Gold Discovery

Caprice Resources (ASX: CRS)

Reported results from the final batch of 26 holes from its Phase 3 RC drill programme at the Island Gold Project (which returned further stand-out gold intercepts at Vadrian’s and successfully intercepted gold in newly identified zones within the broader 5km x 1km target area.

 

 

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Caprice Resources

Caprice Resources project map – Courtesy of Caprice Resources

 

 

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Caprice Resources ASX: CRS
Stage Exploration
Metals Gold
Market cap A$40 million  @A$0.06 
Location Western Australia
Website www.capriceresources.com/

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CAPRICE ANNOUNCE FURTHER HIGH-GRADES AND NEW MINERALISED ZONES CONFIRMED AT ISLAND GOLD

 

Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to report results from the final batch of 26 holes from its Phase 3 Reverse Circulation (RC) drill programme at the Island Gold Project (IGP, or the Project) which returned further stand-out gold intercepts at Vadrian’s and successfully intercepted gold in newly identified zones within the broader 5km x 1km target area.

All assay results from the 43 holes (7,024m) completed in Phase 3 have now been received, with this batch of high-grade intercepts extending the strike length at Vadrian’s to at least 350m and delineated new mineralised zones, all of which remain open at depth. Importantly, the results have increased confidence in the geological model and provide strong evidence that gold grades increase with depth.

The newly identified Condenser target reinforces the fertility of the corridor, with early-stage results comparable to initial shallow hits at Vadrian’s and follow up drilling planned to test its depth potential.

The IGP target corridor remains open along its 5km in length and 1km width, with drilling to date constrained to depths of less than 170 vertical metres below surface, leaving ample scope for the discovery of additional high-grade gold lodes at depth.

Caprice remains focussed on progressing toward delineating a maiden gold Mineral Resource Estimate (MRE) of grade, continuity, and scale at IGP. A fully-funded Phase 4 drilling programme, set to comprise 20,000m of air core, RC and diamond drilling, is currently scheduled to commence in September 2025.

 

FINAL PHASE 3 ASSAY RESULTS

Vadrian’s mineralised envelope:
• 10m @ 10.9 g/t gold from 123m downhole in 25IGRC051, including:
 1m @ 63.9 g/t gold from 126m downhole
• 9m @ 14.8 g/t gold from 154m downhole in 25IGRC054, including:
 1m @ 33.1 g/t gold from 159m downhole
• 5m @ 18.3 g/t gold from 180m downhole in 25IGRC049, including:

 

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Caprice CEO, Luke Cox, commented:

“The final batch of Phase 3 drilling has delivered our most impressive gold grades to date, returning equivalent grades of up to two ounces per tonne and confirming robust continuity across the Vadrian’s system.

 

“These results not only reinforce the high-grade nature of the mineralised zones, but also the potential for scale, with known gold mineralisation presently open in all directions.

“The identification of new gold lodes across the broader project area is also exciting, with results supporting the presence of stacked lodes and a large-scale mineralised corridor that continues to grow.

 

“These outcomes reinforce our strategic objective to rapidly define a high-grade, project-scale gold resource at the Island Gold Project, ideally located between two major regional processing hubs in the heart of the Murchison Goldfields.

“The Phase 4 exploration programme is now in advanced stages of planning and has been designed to build on the success of our previous drilling campaigns as we progress towards delivering a maiden MRE at IGP.

 

“This upcoming campaign will focus on extending known zones of high-grade gold mineralisation and further enhancing our geological understanding of the system.

 

“The combination of RC and diamond drilling is expected to provide the drill density required to support a robust resource model, while air core drilling will continue to test the broader IGP system for new discoveries.”

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To read the full news release please click HERE

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.To View Caprice Resources’ 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.

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Disclosure

At the time of writing the author holds shares in Caprice Resources

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To read our full terms and conditions, please click HERE



West Red Lake Gold Provides Madsen Mine Operations Update

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

Provided an update on ramp-up activities at the Madsen Mine in Red Lake, Ontario.

Three gold pours took place over the month to produce 3,800 ounces of gold. Of that, 3,595 ounces were sold at an average price of US$3,320 per oz. to generate US$12 million.

 

 

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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$284m   @ 82 cents
Location Ontario, Canada
Website www.westredlakegold.com

 

 

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West Red Lake Gold Provides Madsen Mine Operations Update

 

 

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West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSX.V: WRLG)(OTCQB: WRLGF) is pleased to provide an update on ramp-up activities at the Madsen Mine in Red Lake, Ontario.

 

 

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Shane Williams, President and CEO said;

“July was a good month for Madsen and our mine operations team, and we continue to track to plan on our ramp up.

 

“Mine ramp-up is about adding equipment, developing access to high-priority mining areas, and increasing operational efficiency until the mine consistently produces the targeted daily tonnage at the targeted grade.

 

“During July, all these ramp-up elements played a positive role at Madsen. The mill achieved an average of 94% recovery over the month while processing 500-800 tonnes per day.

 

“Additionally, material mined from sill access development carried gold grades well above expectation on several occasions. Collectively, this enabled Madsen to pour 3,800 ounces for the month of July.”

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July Production

In July the Madsen mine operations team completed sill development and mining in eight (8) areas spread across McVeigh, South Austin, and Austin. Sill development was a priority in the month, to enable a focus on stope mining in August.

Mill feed in July was therefore a mix of mined material and low-grade stockpiles. Mined material carried an average grade of 8.9 grams per tonne gold.

Since sill mining is less efficient than stope mining in terms of producing tonnage, mined tonnage was combined with low grade stockpile to produce an average grade of around 5g/t going into the mill.

Three (3) gold pours took place over the month to produce 3,800 ounces of gold. Of that, 3,595 ounces were sold at an average price of US$3,320 per oz. to generate US$12 million ($C16.4M) in revenues.

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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 holds shares in West Red Lake Gold Mines.

.

To read our full terms and conditions, please click HERE



Ora Banda Expands Little Gem High-Grade Strike to Over 1KM

Ora Banda Mining (ASX: OBM)

Provided an update on its continued exploration success at the Little Gem prospect.

Subsequent to the highly successful five hole drill program (Phase 1 drill program) at Little Gem which returned 22.7m @ 5.0 g/t and 10.9m @ 6.4g/t, Ora Banda committed to a 16-hole broad spaced diamond drilling program across Little Gem and Sunraysia.

 

 

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Ora Banda

Ora Banda minesite – Credits Ora Banda Mining Ltd.

 

 

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Ora Banda ASX: OBM
Stage Production + development
Metals Gold
Market cap A$1.26 Billion @ A$0.64
Location Western Australia
Website www.orabandamining.com.au

 

 

HIGH GRADE, MULTI-LODE GOLD SYSTEM EXPANDED TO
OVER 1KM STRIKE AT LITTLE GEM

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Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on its continued exploration success at the Little Gem prospect.

Subsequent to the highly successful five hole drill program (Phase 1 drill program) at Little Gem which returned 22.7m @ 5.0 g/t and 10.9m @ 6.4g/t, Ora Banda committed to a 16-hole broad spaced diamond drilling program across Little Gem and Sunraysia (Phase 2 drill program) to test the prospective carbonate horizons over 4.7 kms and down to a depth of 400 vertical metres below the surface.

The Phase 2 drill program is now complete with assays now having been returned.

Little Gem Highlights:

• 16 hole Phase 2 drilling program now complete with all assays returned
• Phase 2 drilling has confirmed a multi-lode gold mineralised system at Little
Gem, with high gold grades and large lode widths
• Significantly, Hole LGDD25008 returned 8.8m @ 6.3g/t at a depth of 320 metres
below surface. This hole is 400 metres north of LGDD25005 (22.7m @ 5.0g/t)
• Drilling has defined multiple lodes at the Little Gem prospect, with the Company
having modelled four of these, namely the Diamond Lode, Ruby Lode, Sapphire
Lode and the Tanzanite lode
• The LGDD25008 intersection shows that the prospective strike of a well-developed
high-grade shoot on the Diamond Lode is over 1,000 metres and remains open at
depth (See figure 3)
• Phase 3 follow up drilling program of 38 holes has commenced with two
diamond rigs and one RC rig currently active on the program. This drilling will
target multiple lodes of the Little Gem system from the surface down to 500
metres, with some deeper drill testing of the system down to 750 metres below
surface planned.

 

The Phase 2 drill program was planned as very broad spaced (400-metre section lines), earlystage drill testing of the greenfields potential of the Little Gem – Sunraysia system.

Excitingly the program has confirmed a multi-lode system displaying strong tenor with high gold grades and large lode widths at Little Gem. Mineralised shoot development and geometry is now becoming apparent, although exploration remains at an “early stage”.

Significantly for the Phase 2 program, Hole LGDD25008, on a 400-metre step out to the north of LGDD25005 (22.7m @ 5.0g/t) and targeting the Diamond Lode has returned 8.8m @ 6.3g/t at a depth of 320 metres below surface.

This intersection shows that the prospective strike of a well developed high grade shoot on the Diamond Lode has a potential strike length in excess of 1,000 metres and depth extents of at least 400 metres below surface.

 

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Ora Banda’s Managing Director, Luke Creagh, said:

“These results continue to expand the potential of Little Gem as a large-scale, high grade and multi-lode system.

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“These results demonstrate a potential strike length in excess of 1,000 metres and the system remains open at depth. 

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“The 38 hole Phase 3 program at Little Gem will provide significant drill coverage of the interpreted high-grade lodes to rapidly advance our understanding of the size and scale of the system”

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“The Little Gem trend is one of multiple drill programs we have commenced as part of the $73 million allocated to exploration and resource development drilling in FY26 and we are looking forward to results from all of these programs.”

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To read the full news release please click HERE

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.

.To View Ora Banda Mining’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.

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 Ora Banda MIning.

.

To read our full terms and conditions, please click HERE



Orla Mining Provides Update on Pit Wall Event at Camino Rojo

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided a status update on the recent pit wall event that occurred at its Camino Rojo Oxide Mine in Zacatecas, Mexico. 

Camino Rojo experienced an uncontrolled material movement on the north wall on July 23rd resulting in no injuries or equipment damage.

 

 

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Orla Mining project panoramic view and location map

Orla Mining project panoramic view and location map – Zacatecas State, Mexico – Credits Orla Mining Ltd.

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$4.4 billion   @ C$13.35
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

 

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Comment

Well I have to admit I’m happy and relieved with today’s news release and the small fall in share price.

It could have been worse, and to be honest I thought it might be.

The company have approached this in the right way, and been open and transprent with shareholders, which is the correct and professional way to handle such a situation.

Management deserve credit for their conduct throughout a tough few days in my opinion.

 

 

Orla Mining Provides Update on Pit Wall Event at Camino Rojo

Vancouver, BC – August 5, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is providing a status update on the recent pit wall event that occurred at its Camino Rojo Oxide Mine in Zacatecas, Mexico.

Action plan in place to resume in-pit access, annual guidance updated 

 

Summary Detail 

  • Pit wall event: Camino Rojo experienced an uncontrolled material movement on the north wall on July 23rd resulting in no injuries or equipment damage.
  • Assessment: A geotechnical assessment, supported by third party consultants, has been ongoing which has informed an action plan and safe restart of mining.
  • North wall stabilization: A 50–80 metre pushback of the north wall is planned, with a redesigned slope and continuous monitoring to ensure safe operating conditions. Approximately 9.0 Mt of predominantly oxidized material (1:0.9 strip ratio, 0.74 g/t au) is expected to be removed and then crushed and stacked on the heap leach from the north wall.
  • No material was lost or sterilized in the pit wall event but rather the update to 2025 guidance is attributed to a deferral of production at Camino Rojo due to grade and recovery mix.

 

 

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Jason Simpson, President and Chief Executive Officer of Orla stated;

“While the north wall event at Camino Rojo was a temporary setback, it has reinforced the importance of our pit wall monitoring, technical planning, risk management, and operational discipline.

 

“The team onsite acted quickly before the event to ensure safety.

 

“Following the event, our broader team, supported by expert consultants, rapidly implemented a comprehensive action plan that prioritizes safety, reinforces slope stability, and allows for continued operations in Mexico, important for all stakeholders.”

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To read the full news release please click HERE

 

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Pit Wall Event Context

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As reported on July 23, 2025, and updated on July 24, 2025, Camino Rojo experienced an uncontrolled material movement along the temporary north wall of the open pit. Importantly, there were no injuries, equipment damage, or environmental impacts resulting from the event.

Ramp access to the pit remained intact; however, open pit mining operations were temporarily suspended while the Company undertook a geotechnical assessment to support a safe action plan and restart of in-pit mining activities.

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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

.

=======

,

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 Orla Mining.

.



Kaiser continues profitable operations – Period Ending 31 July 2025

Kaiser Reef (ASX:KAU)

Reports strong ongoing production for the first full month of ownership from the Henty Gold Mine, and that contributions were made from both the A1 Mine and third-party ore purchase agreements.

The June quarterly report closed with a strong cash position of $24.7 million and robust operational performance, positioning Kaiser for sustained growth.

 

 

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Kaiser Reef

Kaiser Reef Henty Gold mine, Tasmania – Credits Kaiser Reef

 

 

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Kaiser Reef ASX : KAU
Stage Production, Development, Exploration
Metals Gold
Market cap A$107 million   @ A$0.18
Location Victoria, Tasmania
Website www.kaiserreef.com.au/

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Kaiser continues profitable operations – Period Ending 31 July 2025

 

 

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Kaiser Reef Limited (ASX:KAU) (“Kaiser” or the “Company”) reports strong ongoing production for the first full month of ownership from the Henty Gold Mine, and that contributions were made from both the A1 Mine and third-party ore purchase agreements.

The June quarterly report closed with a strong cash position of $24.7 million and robust operational performance, positioning Kaiser for sustained growth.

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Cash Position (July 31) *

The cash and bullion asset base grew to $30.7 million, before the July repayment of $500,000 in debt and the final Mineral Resources Tasmania royalty payment of approximately $2.5 million for the financial year ending 30 June 2025.

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Kaiser believes that the recently reported Quarterly Report did not adequately emphasise that the company not only increased its cash position, but also covered significant once-off costs related to the Henty Gold Mine acquisition transaction, including approximately:

Breakdown of June Quarter Once Off Costs*

Capital Raising Brokers fees: $1.3 million
Corporate Advisory fees: $0.5 million
Legal fees: $0.2 million

Auramet establishment fees and small purchase of Put Options: $0.8 million
Other cost paid in the June Quarter*
Auramet Loan repayment: $1.0 million

 

Clarification of Put Options

Kaiser acknowledges that there is some confusion regarding the nature and risks of its Put Options strategy. To clarify, the Company executed a series of Put Options at a strike price of A$4,400 per ounce, covering 6,000 ounces of gold (750 ounces per month) over an 8-month period from September 2025 to April 2026.

These Put Options represent approximately one-third of Henty’s targeted monthly production of 2,000 ounces per month.

The Put Options were a requirement for securing the Company’s debt facility and were fully paid during June 2025 quarter. No additional payments are required regardless of gold price up or down movements.

This structure ensures a minimum price of AUD$4,400 per ounce for the 750 ounces per month, providing a shareholder-friendly price protection mechanism.

The Board considers this approach prudent which is aligned with the Company’s risk management objectives.

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To read the full news release please click HERE

 

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To View Kaiser Reef’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 Kaiser Reef. 

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To read our full terms and conditions, please click HERE



New Murchison Gold Knock Back Meeka Offer

New Murchison Gold (ASX: NMG)

It has been reported in the Australian newspaper and on some social media platforms that New Murchison Gold has received an offer from Meeka Metals for all the shares in the company.

 

 

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New Murchison Gold

Crown Prince drilling – Courtesy of New Murchison Gold

 

 

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New Murchison Gold ASX: NMG
Stage Development
Metals Gold
Market cap A$178 million  @  A$0.17c
Location Murchison, Western Australia
Website www.newmurchgold.com.au

 

 

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New Murchison Gold Knock Back Meeka Offer

 

 

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New Murchison Gold (ASX: NMG) It has been reported in the Australian newspaper and on some social media platforms that New Murchison Gold has received an offer from Meeka Metals for all the shares in the company.

This does not surprise me as the deal looks to make sense, and now would be the time to make an offer before NMG gets production started and the shareprice moves uowards,

Whilst not yet confirmed it looks opportunistic and I hope NMG will turn down such an offer if it is receieved.

 

The Diggers and Dealers Conference starts today in Kalgoorlie, so we may hear more during the show.

 

Recent Noosa Conference New Murchison Gold Presentation, click HERE

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.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

.

=======

,

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 New Murchison Gold.

.

To read our full terms and conditions, please click HERE