Tag Archives: gold

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G Mining Ventures Receives Approval of SUDAM Tax Incentive

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G Mining Ventures (TSX: GMIN)

Announced that the Superintendência do Desenvolvimento da Amazônia (“SUDAM”) has formally approved the Tocantinzinho Gold Mine, located in Pará State, Brazil, for inclusion in its regional development tax incentive program.

This will be for a period of 10 years. Continue reading →

Lefroy’s High-Grade Gold Assays Support Lucky Strike Expansion

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Lefroy Exploration (ASX: LEX)

Reported exceptional drilling results targeting a potential Stage 2 expanded pit shell design at the Lucky Strike Gold Deposit.

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

Initiating Coverage – Erdene Resource Development

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Erdene Resource Development (TSX: ERD)

Erdene has just poured first gold on its Mongolian gold project, Bayan Khundi.

The company are looking to self fund an intensive exploration round whilst rapidly paying down debt during the next 12 months.

The first target is a production rate of around 7,000 Oz gold per month within a few months from now. Continue reading →

West Red Lake Gold Upsizes Bought Deal Financing

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West Red Lake Gold (TSXV: WRLG)

Announced that it has closed its previously announced bought deal public offering of 37,526,800 common shares of the Company at a price of C$0.95 per Share for gross proceeds of C$35,650,460, which includes the full exercise of the over allotment option, and 3,760,000 charity-flow through shares. Continue reading →

Equinox Gold Delivers First Gold at its Valentine Gold Mine

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Equinox Gold (TSX / NYSE: EQX)

Announced the first gold pour at its Valentine Gold Mine located in Newfoundland and Labrador, Canada.

Commissioning of the Valentine process plant is progressing extremely well, with mill throughput averaging 47% of nameplate for the first 15 days of operation. Continue reading →

West Red Lake Announces $30 Million Bought Deal

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West Red Lake Gold Mines  (TSXV: WRLG)

Announced that it has entered into an agreement with Raymond James Ltd. as sole underwriter  pursuant to which Raymond James has agreed to purchase, on a “bought deal” basis, 26,316,000 common shares and 3,760,000 charity-flow through shares of the Company at a price of $0.95 per Common Share and C$1.33 per Charity Flow-Through Share for a total of C$30 million. Continue reading →

Lefroy’s Lucky Strike Gold Deposit advances towards operations

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Lefroy Exploration (ASX: LEX)

Reported on exploration activities across the Lefroy Project, including progress on key milestones for the Lucky Strike Gold Deposit and a planned drilling program at the Burns Central Gold Project.

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

Westgold 2025 Mineral Resources Estimate and Ore Reserves

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Westgold Resources (ASX / TSX: WGX)

Westgold or the Company) is pleased to provide its updated Mineral Resource Estimate and Ore Reserve Statement calculated as at 30 June 2025.

With current milling capacity of 5.7 Mtpa, Westgold has an estimated Reserve life of approximately 10 years. Continue reading →