G Mining Ventures Outlines Outlook for 2025

G Mining Ventures (TSX: GMIN)

Announced its 2025 operational and cost guidance for Tocantinzinho Gold Mine, along with planned capital expenditures to progress the Oko West Gold Project in Guyana and the Gurupi exploration Project in Brazil.

Planned production is between 175,000 and 200,000 ounces of gold at an AISC of US$996 to US$1125.

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	G Mining Ventures	TSX: GMIN
	Stage	Development + Exploration
	Metals	Gold
	Market cap	C$2.97 billion @ C$13.39
	Location	Para State, Brazil, Guyana
	Website	www.gminingventures.com

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Comment

This is just the type of company I like to invest in.

There’s low cost and growing production, with a near term development project being funded through cashflow, and exploration ongoing in three different projects at the same time.

All this in tier 1 jurisdictions with a management team that have done all this before.

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G Mining Ventures Outlines Outlook for 2025

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BROSSARD, QC, Jan. 21, 2025 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) announces its 2025 operational and cost guidance for Tocantinzinho Gold Mine (“TZ“), along with planned capital expenditures to progress the Oko West Gold Project (“Oko West“) in Guyana and the Gurupi exploration Project (“Gurupi“) in Brazil.

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Highlights

Production, unit cost and capital expenditure guidance for the full year 2025 are outlined in the table below.

All amounts are in USD unless stated otherwise.

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Figure 1: Full Year 2025 Operational and Cost Guidance

Operational & Cost Guidance		2025
Tocantinzinho Gold Mine
Gold Production	ounces	175,000 to 200,000
Total Cash Costs	$/oz Au sold	$590 to $655
All-in Sustaining Costs ^1,2	$/oz Au sold	$995 to $1,125
Sustaining Capital Expenditures
Sustaining	M$	$35 to $45
Near-mine exploration	M$	$2
Capitalized Waste Stripping	M$	$23
Total Sustaining	M$	$60 to $70
Non-Sustaining Capital Expenditures
TZ Regional Exploration	M$	$9
Oko West Exploration	M$	$8
Oko West Project Development	M$	$200 to $240
Gurupi Project	M$	$2 to $4
Total Non-Sustaining	M$	$219 to $261

1.	See the non-IFRS financial measures section.
2.	Guidance assumes a realized gold price of $2,350 and BRL/USD of 5.25

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Louis-Pierre Gignac, President & Chief Executive Officer commented,

“We expect to build on GMIN’s 2024 operational success in the year ahead, as TZ ramps up throughput, reaching nameplate capacity early in the year, generating meaningful free cash flow to advance development activities at Oko West.

“TZ will remain our focus in 2025 but will be complemented by Oko West development initiatives, including permitting and early works activities.

“We plan to increase our investment in greenfield and brownfield exploration across our portfolio to uncover low-cost, high-value ounces.”

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Tocantinzinho Gold Mine

The Corporation is focused on ramping up production and controlling operating costs at TZ. Annual gold production at TZ is forecasted to range between 175,000 and 200,000 ounces.

Gold output is anticipated to be higher in the second half of the year (56% of the total) as higher-grade mineralization becomes accessible according to the mine plan.

In Q1 2025, we aim to complete the installation of an advanced process control system to enhance the efficiency of the grinding and flotation processes at the plant.

Cash Costs and All-in-Sustaining-Costs (“AISC“) are expected in the ranges of $590 and $655 per ounce sold and $995 and $1,125 per ounce sold, respectively.

Approximately 75% of costs are denominated in local currency.

Total sustaining capital expenditures for 2025 are projected at $60 to $70 million, which includes $23 million for capitalized stripping and $2 million for near-mine exploration.

Sustaining capital expenditures, excluding capitalized waste stripping, are estimated at $35 to $45 million. This includes $20 million for mining equipment, $10 million for major components of the mobile fleet, $4.5 million for tailings management, and additional minor expenditures related to the process plant and other capital items.

Regional exploration in the Tapajos within the mining concession and surrounding claims is classified as non-sustaining and excluded from AISC. A budget of $9 million is planned for 2025 to test 23 targets within a 5km radius with the primary goal to identify additional deposits.

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To read the full news release, please click HERE

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To View G Mining Ventures’ historical news, please click here

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The live gold price can be found HERE

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

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

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

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

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

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

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,

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

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

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

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

.

Disclosure

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

.

To read our full terms and conditions, please click HERE

Ora Banda Mining December Activities Report

Ora Banda Mining (ASX: OBM)

Reported on its activities for the December 2024 quarter – a period during which the Company demonstrated the robustness of its underground strategy with cashflow increasing over $9 million despite spending over $30 million on growth.

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Ora Banda Mining

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	Ora Banda	ASX: OBM
	Stage	Production + development
	Metals	Gold
	Market cap	A$1.3 Billion @ 70c
	Location	Western Australia
	Website	www.orabandamining.com.au

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December 2024 – ORA BANDA MINING QUARTERLY ACTIVITIES REPORT

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report on its activities for the December 2024 quarter – a period during which the Company demonstrated the robustness of its underground strategy with cashflow increasing over $9 million despite spending over $30 million on growth.

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Highlights

Cash builds to $57.8 million with Riverina Underground fully paid back
Investment of $30.8 million into growth projects and exploration continues ramp up to
150koz in FY26
Sand King Underground on target to deliver additional higher-grade feed as it advances
to steady state production in FY25

• No Lost Time Injuries
• Gold sold of 22,288oz, taking total first half FY25 gold sold to 47,824oz
• Gold production of 22,973oz with first half FY25 gold produced at 47,300oz
• Sand King Underground ramp up on track to deliver up to 21koz in a stronger second half of FY25
• Riverina Underground achieved payback in the quarter generating positive cash flows only 18 months after commencement. Riverina Underground mined grade continues to reconcile above forecast
• Davyhurst mill throughput increased 9% from the prior quarter to 280kt as upgrades take effect, more improvements are planned for the remainder of FY25
• AISC for the quarter was A$2,536/oz sold, inclusive of $116/oz of non-cash share-based payments and $183/oz relating to the treatment of higher-cost open pit stockpiles mined in prior periods which are now depleted
• Closing cash lifts to $57.8 million, a $9.1 million increase from the prior quarter, after incurring total capital, resource development and exploration expenditure of $30.8 million as follows:
o $20.8 million on Riverina & Sand King Underground development;
o $4.5 million on growth infrastructure; and
o $5.5 million on resource development & exploration activities.
• Available inventory on hand at quarter end totalled 7.5koz, including 3.3koz in GIC

Riverina Underground operation achieved payback of its capital investment within 18 months of the portal being established and the Sand King Underground operations intersected first ore just four months after the portal was established.

Riverina Underground operation continued to deliver physicals which are in line with the required run-rate to achieve FY25 production guidance. As development progresses, the establishment of more levels open will provide additional mining fronts and mining options as the year progresses.

Total ounces mined for the quarter were 22,187oz at 4.4g/t including low grade material. Overall mined grade of 5.3g/t continues to reconcile above the Ore Reserve grade of 4.2g/t with the highergrade lodes extending more than modelled.

The Sand King Underground mine achieved first development ore in December 2024 and remains on track to achieve first stoping ore in March 2025. The development ore will be batched through the Davyhurst mill commencing in February 2025.

This will be achieved 14 months after the first drill hole targeting underground mineralisation was completed.

The Davyhurst mill had a strong quarter, processing 280kt of ore at a head grade of 2.9g/t. Riverina medium and high grade (average 4.9g/t) comprised only 41% of the feed, with the low-grade open pit legacy stockpiles and low-grade Riverina ore (together averaging: 1.5g/t) filling the remainder of the mill capacity.

These low-grade feed sources are expected to be progressively replaced by
higher grade Sand King material in H2 FY25 and FY26.

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

“It is a testament to the quality of Riverina Underground that it has paid itself back in just 18 months and is now delivering strong cash flows which will self-fund Ora Banda’s production outlook towards 150koz in FY26.

“With Sand King Underground progressing on schedule, we have also reached an inflection point whereby the higher-grade feed from Sand King will progressively fill the Davyhurst mill, paving the way for production and cashflow to increase and costs to reduce.

“As the business strengthens and the results start to come through on our exploration programs, we will be in a position to rapidly advance any additional opportunities that exist in our portfolio”.

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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

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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.

.

To read our full terms and conditions, please click HERE

Wesdome Gold Provides Eagle River Exploration Update

Wesdome Gold Mines (TSX:WDO)

Provided a comprehensive update on its exploration activities at its wholly-owned Eagle River Mine near Wawa, Ontario.

At the 300 Zone, infill drilling has confirmed the ontinuity of high-grade mineralization and provided critical geological insights regarding the zone’s behavior.

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Wesdome Gold Mines – Eagle River underground mine

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	Wesdome Gold	TSX : WDO
	Stage	Production, Development
	Metals	Gold
	Market cap	C2.2 B @ C$14.18
	Location	Ontario and Quebec, Canada
	Website	www.wesdome.com

WESDOME GOLD MINES PROVIDES EAGLE RIVER EXPLORATION UPDATE;
2024 PROGRAM DELIVERS HIGH-GRADE EXTENSIONS AND NEW TARGETS

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Toronto, Ontario – January 21, 2025 – Wesdome Gold Mines Ltd. (TSX:WDO, OTCQX:WDOFF) (“Wesdome” or the “Company”) today provides a comprehensive update on its exploration activities at its wholly-owned Eagle River Mine (“Eagle River”) near Wawa, Ontario.

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Anthea Bath, President and Chief Executive Officer, stated,

“Eagle River delivered exceptional exploration results in 2024, reflecting the prospectivity of this high-grade asset and the strength of our team.

“With more than 105,000 metres of surface and underground drilling completed during the year, we successfully delineated and expanded key zones close to existing infrastructure, identified new targets and advanced our understanding of the geology.

“At the 6 Central Zone, increased drilling extended the resource envelope down-plunge by approximately 70%, or 250 metres and identified a parallel zone with strong potential for high-grade mineralization. Located near existing development and open down-plunge, the 6 Central zones offer the opportunity to establish a new mining front at intermediate depths.

“At the 300 Zone, which currently accounts for the majority of Eagle River’s reserves, infill drilling has confirmed the ontinuity of high-grade mineralization and provided critical geological insights regarding the zone’s behavior.

“Furthermore, step-out drilling down-plunge targeting the northeast-dipping extension of the structure has successfully demonstrated continuity of mineralization, reinforcing the 300 Zone’s exploration and resource conversion potential.

“As part of the ongoing surface exploration program, an induced polarization survey completed late in the year identified multiple anomalies closely associated with known deposits, indicating potential for additional mineralization west of the diorite. These findings confirm the long-term potential at Eagle River and outline several targets for further exploration in the coming year.

“Exploration remains a top priority at Eagle River in 2025. The $13 million program covers an estimated 115,000 metres of underground and surface drilling, the completion of an additional geophysical IP survey, as well as extensive surface and structural mapping work.

“Additionally, we will continue to advance our global resource model initiative, which is expected to unlock economic mineralization close to surface primarily through the digitization of historic mining data, evaluation of alternative mining methods, and the use of incremental and break-even cut-off grade analysis.”

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To read the full news release, please click HERE

To View Wesdome Gold Mine’s historical news, please click here

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Live spot metal prices can be found HERE

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

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

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

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

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

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

.

=======

,

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

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

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

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

.

Disclosure

At the time of writing the author holds no shares in Wesdome Gold Mines.

.

To read our full terms and conditions, please click HERE

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Capricorn Announce the Acquisition of Deadman Flat Project

Capricorn Metals (ASX: CMM)

Has entered into an agreement with Peregrine Gold Ltd to acquire the prospective Deadman Flat Project tenements covering approximately 270 square kilometres located contiguous to the Company’s Karlawinda Gold Project tenure in the Pilbara region of Western Australia.

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Capricorn Metals Karlawinda Mine

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	Capricorn Metals	ASX: CMM
	Stage	Production, development, exploration
	Metals	Gold
	Market cap	A$3.09 Billion @A$7.50
	Location	Western Australia
	Website	www.capmetals.com.au

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CAPRICORN SIGNIFICANTLY EXPANDS KARLAWINDA PROJECT TENURE WITH THE ACQUISITION OF DEADMAN FLAT PROJECT

The board of Capricorn Metals Ltd (ASX: CMM) (“Capricorn” or “the Company”) is pleased to advise that it has entered into an agreement with Peregrine Gold Ltd (“Peregrine”) to acquire the prospective Deadman Flat Project tenements covering approximately 270 square kilometres located contiguous to the Company’s Karlawinda Gold Project (“KGP”) tenure in the Pilbara region of Western Australia.

The acquisition consolidates the Company’s holding of Pilbara Craton
greenstones in proximity to the highly prospective Pilbara – Yilgarn Craton margin.

The transaction consideration is $1.5 million, which Capricorn will settle through the issue to Peregrine of fully paid ordinary Capricorn shares upon completion.

Further consideration includes the grant of a 1% net smelter royalty on the sale of all precious minerals and a 1.5% net smelter royalty in respect to the sale of non-precious minerals extracted from the Deadman Flat Project area.

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In addition, the Company has agreed to make contingent deferred payments as follows:

• $750,000 upon the announcement by Capricorn of a JORC compliant Mineral
Resource Estimate in excess of 200,000 ounces of gold on the Deadman Flat Project
tenements; and
• $750,000 upon the announcement by Capricorn of a board decision to commence a
stand-alone commercial mining operation on the Deadman Flat Project tenements
The share issue consideration will be valued at the 20-day VWAP prior to completion occurring.

Completion of the acquisition is expected in February 2025.

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Capricorn Executive Chairman Mark Clark commented:

“The acquisition of the Deadman Flat Project expands the Karlawinda Gold Project exploration footprint and completes the consolidation of the highly prospective southern margin of the Sylvania Inlier, including tenements directly along the strike of the Company’s Central Zone prospect.

“This provides Capricorn with an outstanding exploration opportunity with a view to finding meaningful additional ore sources for the Karlawinda operation.”

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To read the full news release please click HERE

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To View Capricorn Metal’s historical news, 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 Capricorn Metals

.

To read our full terms and conditions, please click HERE

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Westgold Production lifts again in Q2, FY25

Westgold Resources (ASX / TSX: WGX )

Reported results for the period ending 31 December 2024 (Q2 FY25).

Westgold had record gold production in Q2 FY25 of 80,886oz Au @ AISC of A$2,703/oz with increased net mine cashflow of $45M funding the Company’s operational and growth capital requirements.

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Westgold

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Westgold	ASX / TSX: WGX
Stage	Production + development
Metals	Gold
Market cap	A$2.5 Billion @ A$2.64
Location	Western Australia
Website	www.westgold.com.au

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Westgold Production lifts again in Q2, FY25

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Perth, Western Australia, 23 January 2025 – Westgold Resources Limited (ASX | TSX: WGX – Westgold or the Company) is pleased to report results for the period ending 31 December 2024 (Q2 FY25).

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Record gold production in Q2 FY25 of 80,886oz Au @ AISC of A$2,703/oz with increased net mine cashflow of $45M funding the Company’s operational and growth capital requirements

EXPLORATION & RESOURCE DEVELOPMENT Seventeen drill rigs operating across portfolio

Bluebird-South Junction Resource and Reserve grown to 1.4Moz and 573Koz respectively

Starlight Mineral Resource grown by 91%, underpinning expansion plan for Fortnum

Impressive drill results from both the Murchison and Southern Goldfields:

■ 68.00m at 5.48g/t Au in hole 24BLDD171 at South Junction

■ 6.60m @ 41.84g/t Au in hole WF440N1-05AE at Beta Hunt Fletcher Zone

■ 5.65m at 360.84 g/t Au in hole NF1120RD28 at Starlight

CORPORATE

Ore purchase agreement signed with New Murchison Gold – set to increase Murchison production in FY26

Balance sheet bolstered with additional A$200M corporate facility – providing Westgold access to a total of A$300M in corporate facilities without mandatory hedging.

Closing cash, bullion, and liquid investments at 31 December 2024 of $152M

Westgold remains 100% unhedged – offering full exposure to escalating gold price

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Westgold Managing Director and CEO Wayne Bramwell commented:

“Q2, FY25 was the first full quarter of Westgold stewardship of the Southern Goldfields assets.

“Outputs continue to lift with a record group gold production of 80,886oz – increasing net mine cash flows to $45M and funding the Company’s operational and growth capital requirements. Westgold also drew down $50M from the corporate facility during the period to balance the working capital requirements of our much larger business.

“The FY25 strategy is to systematically reconfigure the larger portfolio to generate higher levels of free cashflow with capital investment in critical mine infrastructure at Beta Hunt and Bluebird-South Junction, and resource development drilling key to achieving this.

“In the Southern Goldfields we have rapidly demonstrated the ability to lift mine outputs. We are investing for the next decade of operations at Beta Hunt with the key enablers to higher mine productivity including a clean mine water supply, upgrades to underground pumping, power, ventilation and facilities for our workforce. All of these projects are underway and on completion will set this mine up to consistently deliver >2Mtpa run rates during 2025.

“In the Murchison, we are steadily expanding the Bluebird-South Junction mine to lift outputs to 1-1.5Mtpa run rates in 2025, ultimately sustaining the Bluebird mill from a single source. A change in ground support methodology to support the expansion and transition to a larger transverse open stoping mining method slowed the progress of this ramp up in Q2, and with those changes now implemented, Bluebird-South Junction mine output is increasing again.

“Seventeen drill rigs are operational today. At South Junction, intersections such as 68.00m at 5.48g/t Au and 45.00m at 4.18g/t Au highlight the quality and thickness of the mineral endowment. At the Fletcher Zone, five rigs are operational, with highly encouraging results including 6.6m at 41.84g/t and 24.6m at 6.9g/t Au building our confidence in a third mining front.

Building a simpler, yet larger scale and more profitable business requires investment and time.

Six months on post-merger, Westgold now has the portfolio that can deliver increased levels of free cash flow. Our capital investments are focussed on higher mine productivity and lowering our all in sustaining costs with the Group’s Q4, FY25 exit run rate the measure of our success.”

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To read the full news release please click HERE

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.To View Westgold’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 Westgold.

.

To read our full terms and conditions, please click HERE

Calidus Resources Delisted From the ASX

Calidus Resources

I have been notified by my broker that Calidus Resources has been delisted from the ASX effective the 17th January 2025.

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Calidus Resources commemorative coin

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Comment

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This is the first time I have suffered a total loss in an investment, although I have had quite a few painful losses over the years with junior exploration companies that have struggled to raise finance, or the price plummeted when liquidity dried up and some sold in desperation.

Calidus executed their mine startup perfectly, on time and under budget, and this made me believe that they were going to execute the startup in the same fashion.

When it became obvious they had not, they were honest about it, explained the reasons why, and the actions they were taking to resolve the issues. This was basically calling in professionals to identify the deficiencies and train staff to overcome them.

This retained my belief in management, even when they did a discounted financing that I realise now was the red flag I should have taken as a sign to exit the investment, or at least reduce until the situation was clearer.

When it appeared they had overcome the issues, and after the discounted placing they did, I used the opportunity to average down my investment because I expected management to finally deliver.

In hindsight I should have waited for better news to arrive before increasing my holding.

The decision to call in the receivers was a bolt out of the blue, and perhaps had I been in Australia and more local to their investment discussion scene there may have been some clues, but being so remote means it’s harder to hear about potential issues.

This came as a shock, after so many years in investing I thought I was experienced enought to identify the warning signs, but this is clearly a wake up call.

In reality all one can do is manage investment sizes within one’s portfolio to ensure that, if a loss such as this occurs, it’s only a small part of the total portfolio. I always do this, and was the case here for me.

I think this is a total loss, although the notice below refers to shares transferring to my Trading Account, I don’t think this is going to happen. I will email the company and ask the question, but I think this is a total loss.

The official notice is below.

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.Stock – CALIDUS RESOURCES NPV

Event Type De-Listing

Description Delisting

Effective date: 17th January 2025
Market affected: Australian Securities Exchange

Please be informed that Calidus Resources Limited has cancelled its listing of NPV shares from trading on the Australian Securities Exchange. This became effective on 17th January 2025.

Unless the situation changes, on 17th February 2025 Calidus Resources Limited shares are expected to become ineligible to be held within an ISA under HMRC rules.

If the shares are still held within the ISA account after the above date, we will endeavour to move the shares to a linked trading account, opening one on your behalf if you do not already have one. Where that is not possible, we may attempt to withdraw the shares into certificate form, reregistering them into your own name.

The above is not applicable if you hold the shares within a Junior ISA account, as it is not possible to take shares out of the account. As such if you hold these shares in a Junior ISA they will remain on the account.

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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 (delisted) shares in Calidus Resources

.

To read our full terms and conditions, please click HERE

.

West Red Lake Gold Intersects 45.70 g/t Au over 3.85m

West Red Lake Gold (TSX.V: WRLG)

Reported definition drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

Hole MM24D-02-4090-010Intersected 3.85m @ 45.70 g/t Au, from 14.00m to 17.85m.

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West Red Lake Gold Mines

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	West Red Lake Gold	TSX.V : WRLG
	Stage	Exploration / Development
	Metals	Gold
	Market cap	C$197 m @ 62 cents
	Location	Ontario, Canada
	Website	www.westredlakegold.com

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West Red Lake Gold Intersects 45.70 g/t Au over 3.85m, 50.99 g/t Au over 3m and 8.75 g/t Au over 16m at McVeigh – Madsen Mine

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West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report definition drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

The drill results featured in this news release are focused on the high-grade McVeigh Zone. The McVeigh Zone currently contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz grading 6.9 g/t Au.

These results follow-up on the significant intercepts previously announced on August 12, 2024 and August 27, 2024 from McVeigh – where drilling highlights included 106.99 g/t Au over 2.35 meters (“m”) and 17.77 g/t Au over 5.5 m, respectively.

The purpose of this drilling was definition within priority areas of McVeigh to continue building an inventory of high-confidence ounces to support the restart of production at the Madsen Mine, which is expected to commence in 2025.

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MCVEIGH ZONE HIGHLIGHTS:

HoleMM24D-02-4090-010 Intersected 3.85m @ 45.70 g/t Au, from 14.00m to 17.85m, Including 0.85m @ 127.27 g/t Au, from 17.00m to 17.85m; And 1.55m @ 44.89 g/t Au, from 22.45m to 24.00m.

Hole MM24D-02-4090-015 Intersected 3m @ 50.99 g/t Au, from 14m to 17m, Including 1m @ 141.53 g/t Au, from 15m to 16m.

HoleMM24D-02-4090-016 Intersected 7m @ 6.50 g/t Au, from 37m to 44m, Including 1m @ 31.57 g/t Au, from 39m to 40m.

.

Shane Williams, President & CEO, stated,

“As the site operational team advances test mining and stockpiles the bulk sample, the two underground drills continue to turn and continue to intercept broad zones of high-grade gold mineralization.

“The McVeigh zone is a shallow and easily accessible portion of the Madsen deposit and will be a key focus area during early phases of mining.

“The tight spaced drilling we are completing at McVeigh coupled with our enhanced geologic model and understanding of the structural controls will enable the engineering team to produce a very robust and high confidence mine plan that will reduce both external and internal dilution during mining.”

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To read the full news release please click HERE

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To View West Red Lake’s historical news, 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

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=======

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

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

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

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

.

Disclosure

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

.

To read our full terms and conditions, please click HERE

Lefroy and BML Ventures to Advance the Lucky Strike Gold Deposit

Lefroy Exploration (ASX: LEX)

Announced that it has entered into an exclusivity and Heads of Agreement with BML Ventures Pty Ltd to negotiate a mining and profit-sharing agreement for the Lucky Strike Gold Project.

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Lefroy Lucky Strike map

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,

	Lefroy Exploration	ASX: LEX
	Stage	Exploration
	Metal	Gold
	Market cap	A$17 m @ 7c
	Location	Kalgoorlie, Western Australia
	Website	www.lefroyex.com

.

Comment

This looks like a very sensible deal, given the high gold price in Australian dollars.

Other junior miners are looking to emulate this to cash in on the high gold price and avoid dilution by producing early cashflow.

The Lucky Strike deposit contains a resource of 1.27 Mt at 1.95 g/t Au for 79,600oz.

Lefroy has signed its own 50-50 profit sharing agreement with BML, who puts up all the capex, which is generally pretty low. After that it’s a 50-50 profit share from the surplus that comes out of the toll treatment agreement.

The higher price of gold in Australian dollars encourages this type of mining agreement, which aligns with my personal prererence for mines going into early production to minimise dilution.

.

Lefroy signs Agreement with BML Ventures to advance development of the Lucky Strike gold deposit

Lefroy Exploration Limited (ASX: LEX) (“LEX” or “the Company”) is pleased to announce that it has entered into an exclusivity and Heads of Agreement with BML Ventures Pty Ltd (“BML”) to negotiate a mining and profit-sharing agreement for the Lucky Strike Gold Project (“Lucky Strike”).

HIGHLIGHTS

• Lefroy has executed an Exclusivity and Heads of Agreement with BML Ventures
Pty Ltd (BML) to support development of the Lucky Strike Gold Project with a
MRE of 1.27 Mt @ 1.95 g/t Au for 79,600 ounces.
• BML is a private mining contractor, with a proven track record of advancing
open pit gold mines in the Kalgoorlie-Kambalda region of WA, including their
recent collaboration with Auric Mining (ASX:AWJ) at Jefferys Find
.
• This agreement provides the framework for both parties to complete
negotiations towards finalising a binding mine profit share agreement.
• The indicative non-binding material terms of the Exclusivity and Heads of
Agreement include:
o Once all upfront BML costs have been recovered, the net surplus cash
(profit) to be split between LEX 50% and BML 50%;
o On successful execution of a Profit-Sharing Agreement, BML will
coordinate and fund all pre-production mining approvals, capital and
ongoing operating costs; and
o BML to coordinate toll milling negotiations and scheduling with third party
mill processing plant operators.
• The parties have agreed to enter into binding exclusivity arrangements (30
business days) to complete due diligence and further negotiate and finalise a
Profit-Sharing Agreement in relation to the Lucky Strike Gold Project.
For details of the mine share agreement between Auric Mining and BML Ventures, refer to AWJ ASX

• Lucky Strike represents the first of a potential series of growth projects for the
Company with additional gold resources at Mt Martin and Burns Central
(together with Lucky Strike) totalling greater than 1 million ounces of gold.

LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“We are excited to embark on this major next step, in partnership with BML Ventures, towards unlocking value from our high-grade gold resource at the Lucky Strike Project.

“Partnering with a highly experienced mining contractor, we look forward to finalising negotiations with BML Ventures over the coming weeks, to secure a mine profit share agreement.

“The proposed mining and profit share agreement, whilst mutually beneficial to both parties, presents a very low risk pathway to development for Lefroy, with upfront capital
and ongoing operating costs funded by BML Ventures.”

BML Ventures is a privately owned mining contractor based in Kalgoorlie.

.

To read the full news release, please click HERE

To View Lefroy Exploration’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

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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 shares in Lefroy Exploration

.

To read our full terms and conditions, please click HERE

Gold Road Announce Positive Gilmour PFS

Gold Road (ASX: GOR)

Announced a positive PFS for their Gilmour gold project, with a low capex, and a mining start date of late 2026.

The project pre-tax free cash flow estimated at A$377 million at a flat A$3,500 per ounce and A$569 million at a flat A$4,300 per ounce gold price assumption.

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Gold Road

.

	Gold Road	ASX : GOR
	Stage	Production (50% JV)
	Metals	Gold
	Market cap	A$2.62 Billion @ A$2.41
	Location	Laverton, Western Australia
	Website	www.goldroad.com.au

.

GOLD ROAD ANNOUNCE A POSITIVE GILMOUR GOLD PROJECT PRE-FEASIBILITY STUDY & MAIDEN ORE RESERVE

.

Gold Road Resources (ASX: GOR) Announced a positive PFS for their Gilmore gold project, with a low capex, and a mining start date of late 2026.

The project pre-tax free cash flow estimated at A$377 million at a flat A$3,500 per ounce and A$569 million at a flat A$4,300 per ounce gold price assumption.

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HIGHLIGHTS

 The Gilmour pre-feasibility study (PFS)1 presents an after-tax net present value (NPV5%) of A$231 million at a flat gold price of A$3,500 per ounce and A$354 million at a flat gold price of A$4,300 per ounce.
*
 Project pre-tax free cash flow estimated at A$377 million at a flat A$3,500 per ounce and A$569 million at a flat A$4,300 per ounce gold price assumption.*
 PFS mine life of 5 years averaging 50,300 ounces per annum at an average AISC of A$2,004 per ounce, producing a life of mine total production of 0.25 million ounces at 3.9 g/t Au from underground and open pit.
* Orebody remains open at depth with drilling planned for 2025.
 High-grade underground mine producing 0.20 million ounces over 4-year underground mine life.
*
Comprising a high-grade component of 0.10 million ounces at 9.34 g/t Au and lower
grade component of 0.10 million ounces at 3.89 g/t Au.*
 Establishment capital is estimated at $36 million which includes site infrastructure and haul roads. Ore is modelled as being hauled to the Gruyere process plant, 60 kilometres by road.
No additional growth capital outside of AISC and the initial establishment capital.
*
 Project remains on schedule to be shovel ready from late 2026, with the timing of initial production to be optimised in line with the future Gruyere Joint Venture ore processing schedule.
As at 31 December 2024, the maiden Gilmour Ore Reserve totals 1.5 million tonnes at 4.10 g/t Au for 0.19 million ounces.
*
The Ore Reserve is derived from open pit and underground designs at a gold
price of A$2,250 per ounce and includes:
 High-grade underground Ore Reserves of 0.6 million tonnes at 6.6 g/t Au for 0.13 million ounces* , and
 Open Pit Ore Reserve of 0.8 million tonnes at 2.2 g/t Au for 0.06 million ounces*
.

.

Cautionary Statement

The Pre-feasibility Study (PFS) life of mine total production (and derived forecast financial information) referred to in this announcement is under pinned by Indicated Mineral Resources of approximately 72% and Inferred Mineral Resources of approximately 28% over the evaluation period.

Ore Reserves are based solely on Indicated resources.

There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target
will be realised.

The Company believes it has a reasonable basis to disclose a production target that includes some Inferred Mineral Resources as the Inferred Resources are not a determining factor in the viability of the Gilmour Project.

Importantly, the feasibility of the development scenario outlined in the PFS does not hinge on the current Inferred Mineral Resources.

* See cautionary statement and forward-looking statement on pages 1, 2 and 10 of this announcement respectively 1 The PFS Life-of-Mine plan assumes 0.18 million ounces classified as Indicated, 0.07 million ounces classified as Inferred.

Duncan Gibbs, Managing Director and CEO said:

“This is a significant outcome for shareholders and a pleasing return on our ongoing exploration efforts at our 100% owned Yamarna Project.

“Gold Road has a history of delivering value to shareholders and we remain focused on making further discoveries across our Australian portfolio.”

.

To read the full news release, please click HERE

.

To View Gold Road’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 Gold Road Resources

.

To read our full terms and conditions, please click HERE

Mining Review 19th January 2025

Mining Review 19th January 2025

Orla Mining announced results that beat the improved guidance for the year by 19%.

Westgold is set to increase production in Q1. Meeka Metals announced a high-grade gold dicovery at Turnberry, Murchison.

Meeka Metals

All the significant news from our watchlist companies can be accessed by clicking the links below to be taken to the full story.

American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts

Orla Mining Achieved a Record Annual Gold Production

Meeka Metals Announce High-Grade Gold at Turnberry

Meeka Metals – Initiating Coverage

Orla Mining’s Proxy Advised Shareholders to Vote for the Musselwhite Acquisition

Westgold Group Production Lifted in Q2 FY25

Mining Review 12th January 2025

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——-

..

Click here for all company news archives

.

——-

.

Market Data

Weekly Price Changes

(US$ unless stated)

.

Metal Prices	Price	Weekly % change
Gold price in UK £	2230	3.90%
Gold US$	2704	1.82%
Silver	30.49	6.40%
Palladium	951	4.82%
Platinum	944	4.61%
Rhodium	4575	5.59%
Copper	4.14	3.05%
Nickel	7.1	1.17%
Zinc	1.28	-3.76%
Tin	13.39	6.09%
Cobalt	10.73	0.00%
Manganese	2.9	0.00%
Lithium	10029	-0.22%
Uranium	73.9	-2.02%
Iron Ore	103.8	-5.31%
Coking Coal	195.5	-4.41%
Thermal coal	115.3	-7.51%


Metal ETFs	Price	Weekly % change
GLD	249.27	1.80%
GDX	36.75	2.68%
GDXJ	46.02	2.33%
Sil	33.01	0.18%
SILJ	10.57	1.26%
GOEX (PCX)	31.44	1.87%
URA	28.03	-4.60%
COPX	39.83	0.59%
HUI	296.67	3.05%
Gold / Silver ratio	88.68	-4.31%

,

Click HERE for live Spot Metal Prices

#

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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.

.

.DDeclaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE

American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts

American Creek (TSX.V: AMK)

Announced that project operator and JV partner Tudor Gold has initiated the permitting process for the construction of approximately 3,000 meters of underground development to provide an exploration ramp for targeting the Supercell One Zone with infill and expansion drilling.

.

American Creek Resources – Treaty Creek

.

	American Creek	TSX.v : AMK
	Stage	Exploration
	Metals	Gold
	Market cap	C$107 m @ 24c
	Location	Golden Triangle, B.C.
	Website	www.americancreek.com

.

Comment

We have still not heard anything more regarding the crypto token acquistion of AMK by Cunningham Mining since the last announcement postponing the transaction date to the 31st January 2025.

I suspect this is not going to happen, despite the involvement of Sprott in the financing.

The share price is pulling backwards which indicates others don’t believe the transaction will happen either.

As a reminder, the acquisition price is 43 cents, and the price is currenlty just over half that, at 24 cents.

.

Cardston, Alberta–(Newsfile Corp. – January 14, 2025) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation” or “American Creek”) is pleased to announce that project operator and JV partner Tudor Gold (“Tudor”) has initiated the permitting process for the construction of approximately 3,000 meters of underground development to provide an exploration ramp for targeting the Supercell One Zone (SC-1) with infill and expansion drilling, at the flagship Treaty Creek Project, located in the heart of the Golden Triangle of Northwestern British Columbia.

.

Ken Konkin P.Geo, President & CEO of Tudor Gold commented,

“We are excited to move forward with plans to explore the high-grade underground Supercell One targets at the Treaty Creek Property through the construction of an underground exploration drift.

“This initiative is expected to substantially reduce both the cost and time required to drill and define the Supercell One Zone by utilizing underground drilling stations compared to conventional surface drilling.

“In addition to assisting the exploration goals, once completed, management believes that the underground infrastructure should provide long-term benefits to the project, potentially serving as a Fresh Air Raise or Return Air Raise to support future production mining of the high-grade Supercell One Zone and/or the CS600 Zone.

“Additionally, the underground development will be important in the selection of optimum material required for a 10,000-tonne test for a pilot process which would be required for a Feasibility Study.

“The advantages of driving an exploration development ramp are significant and this initiative is expected to bring substantial value to our Project.”

.

To read the full news release please click HERE

.

To View American Creek’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.

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 American Creek

.

To read our full terms and conditions, please click HERE

Orla Mining Achieves Record Annual Gold Production

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the fourth quarter and year ended December 31, 2024, as well as preliminary 2025 guidance.

The Company produced 26,531 ounces of gold in Q4, bringing total annual gold production for 2024 to 136,748 ounces. Orla achieved its already improved 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat.

.

Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant

,

.

	Orla Mining	TSX : OLA
	Stage	Development
	Metals	Gold
	Market cap	C$2.6 billion @ C$8.08
	Location	Mexico + Nevada + Canada + Panama
	Website	www.orlamining.com

Orla Mining Achieves Record Annual Gold Production, Meets Improved 2024 Production Guidance, and Announces Preliminary 2025 Guidance

,

Vancouver, BC – January 16, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the fourth quarter and year ended December 31, 2024, as well as preliminary 2025 guidance.

The Company produced 26,531 ounces of gold in the fourth quarter, bringing total annual gold production for 2024 to 136,748 ounces.

As a result, the Company achieved its improved full-year 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat to the mid-point of its initial production 2024 guidance of 110,000 to 120,000 ounces.

As a result of this increased production the Company anticipates full year 2024 all-in sustaining cost[1] (AISC) to be at the low end of the improved guidance range of $800 to $900 per ounce of gold sold.

Complete financial and operating results for the fourth quarter and full year 2024 are expected to be provided on March 18, 2025.

/

(All amounts expressed in millions of US dollars, as at December 31, 2024 and are unaudited)

Fourth Quarter and Year End 2024 Camino Rojo Oxide Mine Operational Update

Camino Rojo maintained higher mining rates during the fourth quarter as a result of the mine pit redesign to ensure steady production through 2024 and 2025.

The strip ratio was 1.54 for the quarter and 1.12 for the full year. Gold production in the fourth quarter totaled 26,531 ounces, in line with the plan.

An additional 4,100 ounces of gold remained in the refinery inventory as concentrate at year end due to the pour schedule and has been poured and shipped in January. Full year gold production achieved a record 136,748 ounces due to higher than planned tonnes stacked, higher grade processed, and higher recoveries due to finer crusher product size..

.

Liquidity Position

During the fourth quarter 2024, the Company repaid the entirety of the outstanding balance of $58.4 million under its revolving credit facility, taking the Company to a debt free position. At December 31, 2024, Orla’s cash position was $160.8 million.

2025 Guidance Summary (Preliminary)

This preliminary guidance does not reflect the benefits of the Company’s acquisition of the Musselwhite Mine from Newmont Corporation, announced on November 18, 2024, which is anticipated to close in the first quarter of 2025.

Updated 2025 guidance, including the Musselwhite Mine and corporate G&A will be provided following the transaction’s closing. this news release for additional information.

.

Camino Rojo (Mexico)

In 2025, Camino Rojo expects to mine approximately 20 million tonnes, placing about 7 million tonnes of ore on the heap leach pad, stockpiling just over 1 million tonnes of low-grade ore.

In the first half of 2025, stacking will primarily consist of oxide ore, resulting in higher gold recovery rates.

The stacked ore blend will shift in the second half of 2025 which will see the stacking of more transition ore resulting in slightly lower gold recovery rates.

Total gross operating costs in 2025 are expected to be in line with 2024 but slightly lower gold production in 2025 is expected to result in higher cash costs and AISC per ounce.

Despite this, Camino Rojo’s first quartile costs are expected to continue to deliver strong cash margins. Sustaining capital in 2025 is mostly related to capitalized waste movement and completion of the live ore stockpile dome.

Exploration efforts in Mexico for 2025 are focused on advancing Zone 22 (Camino Rojo Extension) to an indicated mineral resource classification, as well as testing regional drill targets for new discoveries.

The Company plans to spend $16 million to conduct 22,000 metres of drilling in Mexico during the year.

In addition, the Company is advancing an initial underground resource estimate for the Camino Rojo Sulphides, which is expected to be released in the first half of the year.

Following this, additional studies will be undertaken to support a Preliminary Economic Assessment (PEA) for the Camino Rojo Sulphides.

.

South Carlin Complex (Nevada)

In 2025, the Company is focused on advancing permitting and project development on the South Railroad Project, part of the larger South Carlin Complex. The Company intends to allocate $12 million toward project development expenses in 2025 at South Carlin Complex.

.

Fourth Quarter 2024 Conference Call

Orla will host a conference call on Wednesday March 19, 2025, at 15:00 UK time, to provide a corporate update following the release of its financial and operating results for the fourth quarter 2024:

Dial-In Numbers / Webcast:

USA / International Toll: +1 (646) 307-1952

Canada – Toll-Free: +1 (888) 672-2415

Conference ID: 6451818

Webcast: https://orlamining.com/investors/

,

To read the full news release, please click HERE

.

To View Orla Mining’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.

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.

.

To read our full terms and conditions, please click HERE

Meeka Metals Announce High-Grade Gold at Turnberry

Meeka Metals (ASX: MEK)

Reported further high-grade assays from ongoing drilling at Turnberry, ahead of mining in the March 2025 quarter.

Highlights included 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and 1m @ 113.00g/t Au and 10m @ 9.81g/t Au from 130m which ended in mineralisation.

.

Meeka Metals

.

Meeka Metals	ASX: MEK
Stage	Development, exploration
Metals	Gold
Market cap	A$248m @ A$0.97
Location	Near Kalgoorlie, Western Australia
Website	https://meekametals.com.au

ASX Announcement
16 January 2025

Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) is pleased to report further high-grade assays from ongoing drilling at Turnberry, ahead of mining in the March 2025 quarter.

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New results from Turnberry include:
• 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and 1m @ 113.00g/t Au
(24TBGC053)
• 10m @ 9.81g/t Au from 130m including 1m @ 86.50g/t Au (24TBGC038) – hole
ends in mineralisation
• 13m @ 6.76g/t Au from 42m including 1m @ 10.10g/t Au and 1m @ 70.80g/t Au
(24TBGC034)

10m @ 15.71g/t Au – High-Grade Gold Continues at the Murchison
Drilling at Turnberry, part of the Murchison Gold Project (“Murchison”),
continues to intersect thick zones of high-grade gold, including a new gold
zone below the Stage 1 open pit.

RC drilling is ongoing at the Murchison where new results from Turnberry
include:

o 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and
1m @ 113.00g/t Au (24TBGC053)
o 10m @ 9.81g/t Au from 130m including 1m @ 86.50g/t Au (24TBGC038) –
hole ends in mineralisation
o 13m @ 6.76g/t Au from 42m including 1m @ 10.10g/t Au and 1m @ 70.80g/t
Au (24TBGC034)

• Holes 24TBGC0034, 48, 53 and 64 were extended beyond the open pit shell and
have intersected a new gold zone on the western side of Turnberry South.
• Assays have now been received for 78 of the 145 holes drilled to December 2024

RC drilling will continue through the March 2025 quarter at both Turnberry and
St Anne’s.

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Commenting on the drilling, Meeka’s Managing Director Tim Davidson said:

“It is pleasing to see thick zones of consistent, high-grade gold at Turnberry following the bonanza gold grades, exceeding two ounces per tonne, that we reported at St Anne’s last week.

“The results continue to highlight the strong production these open pits will deliver in the coming months as we commence mining.

“We are also starting to see a new gold zone, with grades over an ounce per tonne, outside and to the west of the Stage 1 Turnberry South open pit. A total of 4 holes reported in this release intersected this new western zone.

“Further assays are expected in January 2025 from the remaining 67 holes drilled during the December 2024 quarter.

“Drilling remains ongoing and results from 2025 drilling are expected in the March 2025 quarter.”

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To read the full news release, please click HERE

To View Meeka Metal’s historical news, 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 Meeka Metals.

.

To read our full terms and conditions, please click HERE

.

Meeka Metals – Initiating Coverage

Meeka Metals (ASX: MEK)

City Investors Circle are initiating coverage of Meeka Metals, as soon to be in production gold producer located near Meekathara in Western australia.

Meeka are restarting a former producing gold mine, and exploring the region to add more ounces to increase the current 10 year life of mine.

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	Meeka Metals	ASX: MEK
	Stage	Development, exploration
	Metals	Gold
	Market cap	A$248m @ A$0.97
	Location	Near Kalgoorlie, Western Australia
	Website	https://meekametals.com.au

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	Meeka Metals	Stock Profile
	Shares Ourstanding	2,375 billion
	Options	138 million
	Fully diluted	2,613 billion

	Cash	A$ 55 million
	Debt	NIL

Meeka Metals – Initiating coverage

Meeka Metals (ASX: MEK) have all the ingredients I personally look for in a company I am consodering investing in.

Tier 1 Jurisdiction ✔
Experienced management ✔
Zero Hedging ✔
Zero Debt ✔
Funded to Production ✔
Imminent production (mid 2025) ✔
Management ownership >5% ✔
Large institutional ownership (40%) ✔
Fully Permitted ✔
Infrastructure in place ✔

Meeka is never going to be a huge gold producer, but at the current gold price the economics and cashflow look good, and there is plenty of exploration potential in a prolific gold belt.

Neighbours include Catalyst’s Plutonic Mine and and Westgold’s Meekathara.

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Meeka Metals Limited (ASX:MEK) is an Australian listed company that explores and develops gold deposits in Western Australia.

It has an experienced management team that have a history of creating shareholder value in Western Australia, and elsewhere.

The company’s main project is the Murchison Gold Project, at Meekathara, Western Australia.

Meeka is currently expanding the plant to increase throughput before commencing mining. The expansion is low capex and easy engineering.

The company are planning to restart two open pits and an underground operation to produce on average around 65,000 ounces of gold PA at an AISC of around A$1,950 (current gold price is A$4,388).

Open pit mining is scheduled to commence on the 1st March 2025.

A recent company presentation can be found HERE

To View Meeka Metal’s historical news, 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 Meeka Metals.

.

To read our full terms and conditions, please click HERE

.

Orla’s Proxy Advises Shareholders to Vote for the Musselwhite Acquisition

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced that the two leading independent proxy advisory firms have each recommended that Orla’s shareholders vote FOR the resolution to approve the Company’s proposed acquisition of the Musselwhite Minefrom Newmont Corporation.

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Leading Independent Proxy Advisory Firms Recommend Orla’s Shareholders Vote for the Proposed Acquisition of Musselwhite Mine from Newmont Corporation

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January 9, 2025

Vancouver, BC – January 9, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce that the two leading independent proxy advisory firms have each recommended that Orla’s shareholders vote FOR the resolution to approve the Company’s proposed acquisition of the Musselwhite Mine (the “Transaction”) from Newmont Corporation (“Newmont”).

The proxy advisory firms also recommended voting FOR a resolution to approve a concurrent private placement of convertible notes and common share purchase warrants to Pierre Lassonde and Fairfax Financial Holdings Limited.

The net proceeds from the private placement will be used to fund a portion of the purchase price of the Transaction (the “Concurrent Private Placement”).

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Your Vote is Important

The deadline for voting your shares by proxy is 8:00 a.m. (Vancouver time) on Friday January 17, 2025.
Your vote is important no matter how many shares you own. Vote today!
Shareholders who have questions or need assistance with voting their shares should contact Orla’s proxy solicitation agent, Laurel Hill Advisory Group, by telephone at 1-877-452-7184 or by email at assistance@laurelhill.com.

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Orla’s Special Meeting of Shareholders

A special meeting of shareholders of the Company will be held on January 21, 2025, at 15.00 UK time, (8:00 a.m. Vancouver time), at Suite 3500 -1133 Melville Street, Vancouver, British Columbia, V6E 4E5, to consider the Transaction and Concurrent Private Placement.

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Recommendations of Orla’s Board of Directors

Orla’s Board of Directors (excluding Scott Langley, Newmont’s representative on the Board), having considered all factors it has deemed to be necessary to be considered, unanimously recommends Orla’s shareholders vote FOR the resolutions approving the Transaction and the Concurrent Private Placement.

Shareholders are encouraged to read the Company’s management information circular dated December 9, 2024, and vote their shares as soon as possible.

The management information circular is available on SEDAR+ and EDGAR under the Company’s profile at www.sedarplus.ca and www.sec.gov, respectively, as well as the Company’s website at www.orlamining.com/investors/musselwhite-special-meeting.

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To read the full news release, please click HERE

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To View Orla 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

.

=======

,

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.

.

To read our full terms and conditions, please click HERE

Westgold Group Production Lifts in Q2 FY25

Westgold Resources (ASX / TSX: WGX)

Provided preliminary production results for Q2, FY25, where Westgold produced 80,886 oz of gold (up from 77,369 oz in Q1, FY25.

Total production for the first half was 158,255 oz with production expected to further increase in H2, FY25, consistent with guidance.

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Westgold – Bluebird Spouth Junction

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	Westgold	ASX / TSX: WGX
	Stage	Production + development
	Metals	Gold
	Market cap	A$2.5 Billion @ A$2.64
	Location	Western Australia
	Website	www.westgold.com.au

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Westgold Group Production Lifts in Q2 FY25

Perth, Western Australia, 9 January 2025: Westgold Resources Limited (ASX/TSX: WGX, OTCQX: WGXRF – Westgold or the Company) is pleased to provide preliminary production results for Q2, FY25.

Since merging with Karora Resources in August 2024, Westgold continues to invest in the expanded business and increase quarter on quarter gold production.

In Q2, FY25, Westgold produced 80,886 oz of gold (up from 77,369 oz in Q1, FY25.

Total production for the first half was 158,255 oz with production expected to further increase in H2, FY25, consistent with guidance.

Ramp up at both the Bluebird and Beta-Hunt underground mines continues.

At Bluebird-South Junction, efforts were focussed on increasing grade and consistency of mine production, while a modified ground support regime was implemented.

At Beta Hunt mine infrastructure upgrades critical to increasing mine outputs (including water, power reticulation and ventilation circuits) are being implemented and are due for completion at the end of Q3, FY25.

Development at the Great Fingall mine near Cue remains on track, with first ore anticipated in Q4, FY25.

Westgold’s quarterly gold production (koz) As of 31 December 2024, the Company’s cash, bullion and liquid investments was $152M and together with $250M undrawn from its $300M Corporate Facility, the Company had financial liquidity of $402M at hand.

Q2, FY25 operational and cost details will be available in the full December 2024 Quarterly Report to be issued on 30 January 2025.

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Westgold Managing Director and CEO Wayne Bramwell commented:

“Q2, FY25 saw Westgold continue to optimise its expanded, post-merger business. Production increased whilst we continued to heavily invest in the long-term capacity of our mines in the Murchison and Southern Goldfields.

“Investment to support increased and sustainable production from our principal mines was the key focus of our activities over H1, with multiple growth projects advancing in parallel across the expanded group.

“Bluebird-South Junction and Beta Hunt are our key drivers of growth in H2, FY25 with operational changes being implemented to see outputs lift and become more consistent into H2, FY25.

“In addition, the Great Fingall Mine is scheduled to begin production in late Q4, FY25.

“To drive our long-term cost base down, plant expansion studies at Higginsville, Bluebird and Fortnum are advancing with initial capital estimates to be reported shortly.

“To extend mine lives, our underground drilling fleet is fully deployed across the group and surface drill contractors are active at Peak Hill and Higginsville.

“All these elements are beginning to coalesce with the stage now set for Westgold to demonstrate the enhanced capability of our expanded asset base during H2, FY25.”

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To read the full news release please click HERE

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.To View Westgold’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 Westgold.

.

To read our full terms and conditions, please click HERE

Mining Review 12th January 2025

Mining Review 12th January 2025

Calibre Mining and Gold Road Resources both declared record gold production in December 2024, after slightly missing guidance earlier in the year.

The price of gold is climbing despite the US dollar and US Treasury rates climbing, a sign of political and economic uncertainty?

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Faraday Copper Property – Arizona

City Investors Circle Mining Review 12th January 2025

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Calibre Delivers Record Q4 Gold Production of 76,269 Ounces

Calibre Mining Corp. (TSX: CXB)

Announced operating results for Q4 and year ended December 31, 2024, an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada and initial 2025 guidance.

Record consolidated Q4 gold production of 76,269 ounces; Nicaragua 66,578 ounces and Nevada 9,691 ounces.

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Calibre Mining

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	Calibre Mining	TSX: CXB
	Stage	Production, development, exploration
	Metals	Gold
	Market cap	C$1.98 Billion @ C$2.37
	Location	Canada, Nicaragua, USA
	Website	www.calibremining.com

Calibre Delivers Record Q4 Gold Production of 76,269 Ounces; 2025 Gold Production Expected to Significantly Increase as Valentine Gold Mine, Canada Remains on Track for First Gold During Q2, 2025

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VANCOUVER, British Columbia, Jan. 08, 2025 (GLOBE NEWSWIRE) —Calibre Mining Corp.(TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce operating results for the three months (“Q4”) and year ended (“Full Year”) December 31, 2024, an update on the Valentine Gold Mine (“Valentine”), located in Newfoundland & Labrador, Canada and initial 2025 guidance. All figures are expressed in U.S. dollars unless otherwise stated.

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Q4 & Full Year 2024 Production Results and Exploration Highlights

Record consolidated Q4 gold production of 76,269 ounces; Nicaragua 66,578 ounces and Nevada 9,691 ounces;
Consolidated Full Year gold production of 242,487 ounces, exceeding updated 2024 guidance (230,000 – 240,000 ounces); Nicaragua 207,220 ounces and Nevada 35,267 ounces;
Q4 delivered the strongest production of the year, setting a solid foundation for a promising start to 2025;
Cash $186.7 million ($131.1 million in cash and $55.6 million in restricted cash);

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Valentine Remains on Track for Q2, 2025 Gold Production

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Executive Officer of Calibre, stated:

“Calibre achieved total gold production of 242,487 ounces in 2024. After addressing challenges in the third quarter, we delivered an exceptional fourth quarter, producing a record 76,269 ounces.

“Looking ahead, 2025 is shaping up to be a transformational year for Calibre with first gold production from Valentine on schedule for Q2. With Valentine fully operational, Calibre transitions into a robust, multi-asset, diversified mid-tier gold producer.

“Valentine is poised to become a long-life, cornerstone asset in Canada, initially delivering approximately 200,000 ounces of gold annually with significant exploration upside.

“We have made substantial progress on technical studies to increase Valentine’s throughput in a phase two expansion. While the original design envisioned an increase in throughput from the currently planned 2.5 million tonnes per year to 4 million tonnes per year starting in 2029, we are now actively advancing plans to accelerate the timeline for scaling up production to as much as 5.4 million tonnes per year.

“In 2025, we will focus on detailed engineering and schedule with the intent of committing to long lead time items before year end.

“Considering these developments, Valentine has the potential to exceed the production levels outlined in the 2022 feasibility study, especially given the promising results emerging from our ongoing exploration efforts. This positions Calibre for substantial growth and value creation in the coming months and years.

As previously announced, our exploration investment at Valentine has delivered very exciting results. November’s discovery of broad widths of gold mineralization outside mineral resources at the Frank Zone, approximately 1 km south of the Valentine Gold Mine demonstrates the upside potential.

“Results included 2.43 g/t gold over 172.8 metres including 3.84 g/t gold over 90.9 metres, 2.12 g/t gold over 95.4 metres and 2.26 g/t gold over 78.3 metres from the initial discovery.

“Our 2024 drilling program wrapped up in mid December, and we anticipate providing additional results surrounding the Frank Zone discovery as assays become available.

“Exploration is ramping up and as construction activity progresses to completion, we expect to add drills to increase the Valentine exploration activity throughout the year. In 2025, we expect to execute the largest annual exploration drill program in the property’s history.

“The geologic setting at Valentine is similar to the prolific Val d’Or and Timmins camps in the Abitibi gold belt. This, in combination with the significant prospectivity of the 32-kilometre Valentine Lake Shear Zone (“VLSZ”), I am confident that we will continue to deliver strong exploration results, unlocking the potential of this highly prospective region.

“Additionally, we are very encouraged by the continued exploration success across our assets in Nicaragua. During 2024, we announced numerous high-grade results from the Talavera Gold Zone and the VTEM Gold Corridor within the Limon Mine Complex demonstrating the exceptional potential for rapid resource growth.

“During 2025, I anticipate additional success as we expand our exploration efforts and again advance a multi-rig 100,000 metre drill program.”

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.To read the full news release please click HERE

.

To View Calibre’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 Calibre Mining

.

To read our full terms and conditions, please click HERE

West Red Lake Gold Announces Positive Pre-Feasibility Study for Madsen

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

Announced the results of the pre-feasibility study prepared in accordance with National Instrument 43-101 for the imminent restart of its 100% owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario, Canada.

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West Red Lake Gold Mines

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	West Red Lake Gold Mines	TSX.V : WRLG
	Stage	Exploration / Development
	Metals	Gold
	Market cap	C$178 m @ 56 cents
	Location	Ontario, Canada
	Website	www.westredlakegold.com

/

West Red Lake Gold Announces Positive Pre-Feasibility Study Results for Madsen Gold Mine with $315M After-Tax NPV and $70M Average Annual Free Cash Flow

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West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) is pleased to announce the results of the pre-feasibility study (“PFS”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for the imminent restart of its 100% owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario, Canada.

West Red Lake Gold will hold a conference call on January 8^th at 11:00am ET, followed by a question-and-answer period. To access the call, please register here: https://www.amvestcapital.com/webinar-directory/westredlakegoldmines010725. The webinar will be archived for viewing at www.westredlakegold.com

All dollar amounts in this news release are in Canadian dollars ($) unless otherwise indicated.

The effective date of the PFS is December 31, 2024, and a technical report relating to the PFS will be filed on SEDAR+ within 45 days of this news release.

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Madsen Mine PFS Highlights:

Strong Value Underlines Mine Restart Rationale: Post-tax net present value (“NPV”) (5%) of $315 million at a long-term gold price of US$2,200 per oz. reinforces the rationale to restart the Madsen Mine imminently based on this initial mine plan; potential for Madsen to grow beyond this initial plan with further definition and exploration drilling strengthens the rationale
High Grade Mine: Diluted head grade averages 8.2 g/t gold
Average Annual Production: 67,600 oz. gold per year over 6 years of full production, within a 7.2-year mine life
Strong Free Cash Flows: $69.5 million average annual free cash flow from an operation with average total operating cost of US$919 per oz. and average all-in sustaining cost (“AISC”) of US$1681 per oz.
Construction and Capital Investment to Mine Startup Substantially Complete. Bulk sample currently being mined; mill startup to process bulk sample planned in March; 21 km of modern underground development (since 2019) provides good mining access and represents significant time and cost savings
Production Start Date: Q2 2025
Actual Costs: The Company has been operating underground for 16 months and the mill operated in 2022, which enabled a PFS based on realized costs for most operating metrics.
Significant Upside Potential: There are multiple opportunities to extend mine life and enhance the economic returns of the Madsen Mine, including 1.1 million ounces of indicated resource that remain outside of this initial mine plan, resource growth near reserves and existing infrastructure, discovering new high-grade, near mine zones that add to the mine plan such as the Upper 8 Zone, and using a higher reserve cut-off price (the PFS used US$1680 per oz.).

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Shane Williams, President and CEO of West Red Lake Gold Mines said,

“West Red Lake Gold has worked intensely over the last 16 months to greatly improve our knowledge of the orebody and de-risk the project with the objective of executing a successful restart of the Madsen Mine, and this PFS is the culmination of that effort.

“This initial reserve mine plan only taps well defined and tightly drilled parts of the deposit relatively close to existing workings and still generates robust margins based on a production rate of approximately 70,000 oz. per year that generate almost $400 million in post-tax free cash flow over a 7-year mine life.

“Initial capital is low because the capital projects needed for restart are well advanced or already complete. That is unusual for a ‘PFS-level’ project, as is having already completed 58,000 metres of definition drilling and detailed engineering to define 18 months of mineable inventory on a stope-by-stope level.

“We are excited to deliver a PFS that solidifies Madsen as a rare high-grade gold mine starting production in 2025. We built a realistic and achievable plan for this first mining opportunity at Madsen that we are confident we can deliver and that will justify returning the mine to production.

“Beyond that, we strongly believe Madsen has potential to grow well beyond this initial plan in the coming years as we source new resources and reserves near existing infrastructure while also gaining access to the deeper parts of the system, where notable upside optionality remains untapped.”

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To read the full news release please click HERE

.

To View West Red Lake’s historical news, please click here

.

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

G Mining Ventures Receives Vital Permit for Oko West

G Mining Ventures (TSX: GMIN)

Announced that it has received an interim environmental permit from Guyana’s Environmental Protection Agency in response to its EIA and EIS submissions made in November 2024 for the Corporation’s Oko West Gold Project.

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G Mining

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	G Mining Ventures	TSX: GMIN
	Stage	Development + Exploration
	Metals	Gold
	Market cap	C$2.7 billion @ C$12.15
	Location	Para State, Brazil, Guyana
	Website	www.gminingventures.com

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G Mining Ventures Receives Vital Permit for Oko West

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BROSSARD, QC, Jan. 7, 2025 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has received an interim environmental permit (the “Interim Environmental Permit” or “IEP“) from Guyana’s Environmental Protection Agency (“EPA“) in response to its Environmental Impact Assessment (“EIA“) and Environmental Impact Statement (“EIS“) submissions (jointly, “ESIA“) made in November 2024 for the Corporation’s Oko West Gold Project (“Oko West” or the “Project“).

The IEP is valid for one year and, together with the “No Objection” letter received from the Guyana Forestry Commission, GMIN has fulfilled the requirements to initiate early works construction activities.

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GMIN intends to advance the following early works activities in H1-2025:

Barge Landing facility
Main access road and internal roads
Airstrip
Permanent camp facility
Water and sewage treatment plants
Power generation and communication tower

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Louis-Pierre Gignac, President & CEO commented,

“The approval of the Interim Environmental Permit represents an important step in reaching a construction decision for the Oko West Project.

“The receipt of this permit supports a collaborative engagement between Guyana’s EPA, Forestry Commission and nearby communities in Region 7 ensuring alignment with GMIN’s mine development activities in country.

“We are excited to have the opportunity to commence early works activities ahead of schedule and to grow the local team in preparation for the main construction phase.”

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The public can access the Oko EIA and EIS submissions in the National Library, University Library, the Regional Democratic Council Region 7 office and on GMIN’s website (Oko West Gold Project page).

Following a 60-day comment period, EPA review of the submission, disclosure meetings and publication of the final ESIA report, the EPA will reach a decision with respect to the granting of the final environmental permit for Oko West.

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Looking ahead, additional development catalysts at Oko West include:

Commencement of early works (Q1-2025)
Feasibility Study publication (Q2-2025)
Full permit (Q2-2025)
Formal construction decision (H2-2025)
Continuation of detailed engineering (2025)
Greenfield and brownfield exploration (2025)

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To read the full news release, please click HERE

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To View G Mining Ventures’ 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.

G Mining Ventures Outlines Outlook for 2025

G Mining Ventures Outlines Outlook for 2025

Highlights

All amounts are in USD unless stated otherwise.

Louis-Pierre Gignac, President & Chief Executive Officer commented,

Tocantinzinho Gold Mine

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

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.

Ora Banda Mining December Activities Report

.

December 2024 – ORA BANDA MINING QUARTERLY ACTIVITIES REPORT

Highlights

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

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.

Wesdome Gold Provides Eagle River Exploration Update

WESDOME GOLD MINES PROVIDES EAGLE RIVER EXPLORATION UPDATE; 2024 PROGRAM DELIVERS HIGH-GRADE EXTENSIONS AND NEW TARGETS

. Anthea Bath, President and Chief Executive Officer, stated,

——-

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

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 no shares in Wesdome Gold Mines.

Capricorn Announce the Acquisition of Deadman Flat Project

CAPRICORN SIGNIFICANTLY EXPANDS KARLAWINDA PROJECT TENURE WITH THE ACQUISITION OF DEADMAN FLAT PROJECT

In addition, the Company has agreed to make contingent deferred payments as follows:

. Capricorn Executive Chairman Mark Clark commented:

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

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 Capricorn Metals

Westgold Production lifts again in Q2, FY25

Westgold Production lifts again in Q2, FY25

CORPORATE

Westgold Managing Director and CEO Wayne Bramwell commented:

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

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 Westgold.

Calidus Resources Delisted From the ASX

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

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 (delisted) shares in Calidus Resources

West Red Lake Gold Intersects 45.70 g/t Au over 3.85m

West Red Lake Gold Intersects 45.70 g/t Au over 3.85m, 50.99 g/t Au over 3m and 8.75 g/t Au over 16m at McVeigh – Madsen Mine

MCVEIGH ZONE HIGHLIGHTS:

Shane Williams, President & CEO, stated,

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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.

Lefroy and BML Ventures to Advance the Lucky Strike Gold Deposit

Comment

Lefroy signs Agreement with BML Ventures to advance development of the Lucky Strike gold deposit

LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

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

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

Disclosure

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

Gold Road Announce Positive Gilmour PFS

GOLD ROAD ANNOUNCE A POSITIVE GILMOUR GOLD PROJECT PRE-FEASIBILITY STUDY & MAIDEN ORE RESERVE

HIGHLIGHTS

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

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 Gold Road Resources

Mining Review 19th January 2025

All the significant news from our watchlist companies can be accessed by clicking the links below to be taken to the full story.

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

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

American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts

Comment

American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts by Initiating Permitting for Construction of Underground Exploration Infrastructure to Expand and Complete Drilling of Supercell One Zone at Treaty Creek, Golden Triangle of British Columbia

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

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

WESDOME GOLD MINES PROVIDES EAGLE RIVER EXPLORATION UPDATE;
2024 PROGRAM DELIVERS HIGH-GRADE EXTENSIONS AND NEW TARGETS

.
Anthea Bath, President and Chief Executive Officer, stated,

.
Capricorn Executive Chairman Mark Clark commented:

RC drilling is ongoing at the Murchison where new results from Turnberry
include:

.
Commenting on the drilling, Meeka’s Managing Director Tim Davidson said: