Galiano Gold ( NYSE / TSX: GAU)
Announced that it has terminated its gold purchase and sale agreement with Red Kite Opportunities Master Fund Limited for total cash consideration of US$13 million.
The Company had been required to sell 100% of gold production from the Asanko Gold Mine, up to a maximum of 2.2 million ounces, at a spot price selected by Red Kite. Continue reading
Pacgold (ASX: PGO)
Announced first assay results for the regional Aircore drill campaign at the Alice River Gold Project, 300km northwest of Cairns, North Queensland.
Aircore assays have delineated an outstandingly large and coherent gold-arsenic and antimony (Au-As and Sb) anomaly directly within the known geophysical corridor and extending for 1.4km of strike. Continue reading
Capricorn Metals (ASX: CMM)
Ongoing drilling at the Mt Gibson Gold Project (MGGP) has delivered a significant increase of 758,000 ounces (41%) in the Ore Reserve Estimate (ORE).
Update of the April 2023 Pre-feasibility Study confirms MGGP as a transformative, fully funded second mine for Capricorn. Continue reading
West Red Lake Gold Mines (TSXV: WRLG)
Provided an update on the Company’s interpretation and vision for the Fork Deposit at its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.
The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces grading 5.3 grams per tonne gold, with an additional Inferred resource of 49,500. Continue reading
Orla Mining (TSX: OLA; NYSE: ORLA)
Provided an update on exploration at the Camino Rojo Extension, now referred to as “Zone 22”.
Drilling has extended mineralization 800 metres beyond the current open-pit resource, with Zone 22 remaining open at depth and along strike. Continue reading
O3 Mining Inc. (TSXV: OIII)
O3 Mining and Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) are pleased to jointly announce that they have entered into a definitive support agreement, pursuant to which Agnico Eagle has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of O3 Mining at $1.67 per Common Share, a %8% premium. Continue reading
Capricorn Metals (ASX: CMM)
Advised that it has entered into an agreement with Latitude 66 Ltd. to acquire the prospective Sylvania Project tenements covering approximately 1,740 square kilometres located contiguous to the Company’s Karlawinda Gold Project tenure in the Pilbara region of Western Australia. Continue reading
Mining Review 8th December 2024
Mines and Money London was a fairly lively conference, but with few companies that excited me.
Westgold announced an increased resource, and Calibre Mining denied an announcement by Condor Gold.
West Red Lake Gold (TSX.V)
Provided an operations update on restart readiness activities at its 100% owned Madsen Mine project in the Red Lake Gold District of Northwestern Ontario, Canada.
The Connection Drift, the largest of the capital projects supporting restart of the Madsen Mine, is 50% complete and is on track for completion by the end of March 2025. Continue reading
Westgold Resources (ASX: WGX)
Reported a 107% increase in the Ore Reserve at its Bluebird – South Junction mine near Meekatharra, Western Australia. to 7.2Mtpa at 2.5g/t for 573k ounces of gold. Continue reading
Mines and Money Day 1 Review
The show seemed quiet but the orgaisers claim 2,000 delegates attended, which seems high to me.
I met a few interesting companies including a couple I may invest in. Continue reading
Calibre Mining (TSX: CXB)
Reports that it was referenced in a Condor Gold news release.
Condor Gold initiated the sale process for their La India gold asset two years ago. However, Calibre confirms that it is not currently in discussions with Condor, nor does it have an active offer. At this time, unless Condor is willing to reengage in meaningful discussions, Calibre does not envision completing an acquisition. Continue reading
Gold Road Resources (ASX: GOR)
Northern Star has just announced the acquisition of De Grey Mining for A$5 billion, representing a premium of 36% to Friday’s closing price.
Gold Road hold a 20% stake in De Grey Mining. Continue reading
Mining Review 30th November Published
The highlighted company is G2 Goldfields.
The Trump election victory ended gold’s positive run and mining stocks have fallen back as a result. The watchlists had a poor month. To read the review click here
G2 Goldfields (TSX: GTWO)
Announced that it has filed the requisite notice setting the record and meeting date in respect of an annual and special meeting of shareholders of G2
One purpose of the meeting is to ask shareholders to approve the spin-out of a newco, G3 Goldfields. Continue reading
Barton Gold (ASX: BGD)
Published a new Corporate Presentation for the recent conference appearances in Europe. Continue reading
G2 Goldfields (TSX: GTWO)
Following a recent meeting with management, we are initiating coverage of G2 Goldfields.
G2 has a series of projects in a prolific high-grade gold trend in Guyana, some bordering G Mining Ventures’ project. Continue reading
Calibre Mining (TSX: CXB)
Announced initial discovery and resource expansion diamond drill results from its Valentine Gold Mine located in Newfoundland, Canada.
High-grade drill results included 2.43 gpt gold over 172.9 metres, and 2.12 gpt gold over 95.4 m. Continue reading
G Mining Ventures (TSX: GMIN)
Reported its first its production and financial results for the three and nine months ended September 30, 2024, and provide an operational update.
Highlights were gold production of 22,071 ounces at AISC of $1,226 per ounce sold, 17,144 ounces of gold sold. Continue reading
