G2 Goldfields (TSX:GTWO)
Announced that it has filed the management information circular and related meeting materials for the AGM and SGM of G2 shareholders to be held on January 28, 2025
The purpose of the Meeting is, among other things, to consider and, if deemed advisable, pass a special resolution approving the previously announced proposed spin-out of G2’s interest in certain non-core assets into a wholly owned subsidiary of G2, G3 Goldfields Inc.
Gold Road Resources (ASX: GOR)
Announced record Gruyere preliminary production results of 91,631 ounces of gold (100% basis) produced during the December 2024 quarter.
Gruyere 2024 Annual Production totalled approximately 287,270 ounces (143,635 ounces attributable), slightly below annual guidance of 290,000 – 305,000 ounces. Continue reading
Mining Review 5th January 2025
Perpetua Resources received the final permit required for their Stribnite gold and antimony mine in the USA.
American Creek announced an amendment to the Plan of Arrangement for the acquisition of the company. Continue reading
City Investors Circle Market Review
Market Review for December 2024 has been published.
The highlighted company is Awale Resources.
Ora Banda Mining was the biggest riser of the year at 207%. Continue reading
Advised that Chief Executive Officer (CEO) Kim Massey will retire at the end of January 2025. Kim has overseen the transition of Capricorn from an advanced exploration company to a low-cost gold producer with multiple growth projects.
Current Chief Operating Officer (COO) Paul Criddle has been appointed CEO, reporting to Executive Chairman Mark Clark, effective 3 February 2025. Continue reading
Gold Road Resources (ASX: GOR)
Advised of a binding Farm-in Agreement and share placement transaction with Iceni Gold Limited (ASX: ICL) over tenements around and containing the Guyer Gold Trend, within the 14 Mile Well Gold Project located between Leonora and Laverton in Western Australia. Continue reading
G2 Goldfields (TSX: GTWO)
After meeting management twice during 2024, we are initiating coverage of GTWO.
The company has some highly prospective gold licences in a prolific gold belt in Guyana, a tier 1 mining jurisdiction. Continue reading
Ora banda Mining (ASX: OBD)
The company is the winner of the inaugural Mining.com.au Masters of Mining Emerging Explorer Award.
The award recognises an exploration company the market is beginning to notice due to a series of successes and positive outcomes, or whose market value has increased significantly over the course of the year, outperforming their peers. Continue reading
Mining Review 22nd December 2024
A busy week for news as the festive season approaches.
Westgold Announced an increase to production at Meekathara, and Ora banda Mining interescted first gold at Sand King. Continue reading
Ora Banda Mining (ASX: OBM)
Provided an update on its Sand King Underground mine which forms part of the Davyhurst Gold Project.
Sand King has achieved its first major milestone, intersecting multiple ore lodes in the first crosscut on the 315 Level. The mine remains on track to deliver first stoping ore in the March-25 Quarter. Continue reading
Galiano Gold ( NYSE / TSX: GAU)
Announced that it has terminated its gold purchase and sale agreement with Red Kite Opportunities Master Fund Limited for total cash consideration of US$13 million.
The Company had been required to sell 100% of gold production from the Asanko Gold Mine, up to a maximum of 2.2 million ounces, at a spot price selected by Red Kite. Continue reading
Pacgold (ASX: PGO)
Announced first assay results for the regional Aircore drill campaign at the Alice River Gold Project, 300km northwest of Cairns, North Queensland.
Aircore assays have delineated an outstandingly large and coherent gold-arsenic and antimony (Au-As and Sb) anomaly directly within the known geophysical corridor and extending for 1.4km of strike. Continue reading
Capricorn Metals (ASX: CMM)
Ongoing drilling at the Mt Gibson Gold Project (MGGP) has delivered a significant increase of 758,000 ounces (41%) in the Ore Reserve Estimate (ORE).
Update of the April 2023 Pre-feasibility Study confirms MGGP as a transformative, fully funded second mine for Capricorn. Continue reading
West Red Lake Gold Mines (TSXV: WRLG)
Provided an update on the Company’s interpretation and vision for the Fork Deposit at its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.
The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces grading 5.3 grams per tonne gold, with an additional Inferred resource of 49,500. Continue reading
Orla Mining (TSX: OLA; NYSE: ORLA)
Provided an update on exploration at the Camino Rojo Extension, now referred to as “Zone 22”.
Drilling has extended mineralization 800 metres beyond the current open-pit resource, with Zone 22 remaining open at depth and along strike. Continue reading
O3 Mining Inc. (TSXV: OIII)
O3 Mining and Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) are pleased to jointly announce that they have entered into a definitive support agreement, pursuant to which Agnico Eagle has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of O3 Mining at $1.67 per Common Share, a %8% premium. Continue reading
Capricorn Metals (ASX: CMM)
Advised that it has entered into an agreement with Latitude 66 Ltd. to acquire the prospective Sylvania Project tenements covering approximately 1,740 square kilometres located contiguous to the Company’s Karlawinda Gold Project tenure in the Pilbara region of Western Australia. Continue reading
Mining Review 8th December 2024
Mines and Money London was a fairly lively conference, but with few companies that excited me.
Westgold announced an increased resource, and Calibre Mining denied an announcement by Condor Gold.
