Latest news with #Nyati
Cision Canada
4 days ago
- Business
- Cision Canada
New Mills, Fresh Capital, And High-Grade Drills Fuel Next Leg Of The Gold Bull Market
Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC, July 18, 2025 /CNW/ -- Equity Insider News Commentary – The demand for gold is going up, as central banks are increasingly buying gold from local mines as the price in 2025 continues to make gains. Higher gold prices lead to higher market interest in miners, and according to VanEck analysts, gold is holding firm as junior miners are regaining momentum. Now as retail investors discern the present gold opportunity, explorers and producers making well‑timed progress include Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF), G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF), Galiano Gold Inc. (NYSE-American: GAU) (TSX: GAU), and Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA). Even with gold holding firm, shares of gold miners remain deeply discounted, suggesting ample room for a catch‑up move. As the precious metal stays comfortably over the US$3,300 per ounce price point, several analysts are believing in an upcoming US$4,00 price target. With the current gold bull market comfortably underway, analysts are pointing to how mining stocks outshine the physical commodities themselves. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has moved a critical step closer to near‑term cash flow after confirming that Nyati Resources' processing facility—located on one of the Tembo mining licences—is on track to begin commissioning within the next four to six weeks. "It was impressive to see the scale and quality of construction firsthand," said David Scott, Managing Director Tanzania & Director of LVG, following a recent site visit. "The Nyati team has delivered a well-engineered plant with strong attention to detail across all critical circuits. With commissioning just weeks away, the site is clearly in the final stages of readiness. This facility will play a key role in enabling our development strategy at Tembo and beyond." The fully permitted site already hosts an operating 120‑tpd carbon‑in‑pulp plant; construction of a second unit is anticipated to lift total capacity past 600 tpd and add dual regrind mills, high‑capacity leach tanks, and grid‑tied power with standby generation. Final equipment tests are under way, Run-of-Mine (ROM) pads are stocked with commissioning material, and both companies are negotiating a binding toll‑milling agreement that would give Lake Victoria Gold exclusive access to the facility for Tembo mineralized material while outlining capital contributions and revenue‑sharing terms. The Nyati milestone dovetails with Lake Victoria Gold's 7,750‑m drill program at Area C, the highest‑grade zone of its fully permitted Imwelo Gold Project 12 km from AngloGold Ashanti's Geita mine. Drilling combines 3,750 m of tight‑grid RC work for ore‑waste definition with 4,000 m of step‑out holes targeting strike and depth extensions. Notable hits to date include 6.8 m at 14.6 g/t gold from 33.2 m and 2 m at 7.5 g/t from 22 m, reinforcing Area C as the starter pit and supporting final pit optimisation ahead of a construction decision expected after Q3 2025. "We've designed this program to maximize Imwelo's short-term production readiness while extending the upside case," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "The drill data will help us finalize early mine scheduling, validate pit design, and potentially unlock high-grade extensions. With Area C now fully defined as our initial production zone, we're making meaningful progress toward becoming Tanzania's next gold producer." Management is running a parallel 3,000‑m RC campaign at the Tembo Project's Ngula 1 target, where historic intercepts reached 28.57 g/t over 3 m from 54 m, and 17.6 g/t over 1.5 m from 31m. Shallow drilling aims to outline early‑feed material for Nyati while mapping a two‑kilometre structural corridor. Should JV processing start as planned, Tembo could generate first revenue even before Imwelo breaks ground, creating a staggered, lower‑risk production ramp. Beyond self‑directed work, LVG retains upside from its 2021 asset sale to Barrick's Bulyanhulu mine, which carries up to US $45 million in contingent payments tied to discoveries. A gold prepay with Monetary Metals covering up to 7,000 oz and an C$11.52 million strategic financing commitment from Taifa Group keep the treasury healthy. With drills turning on two fronts, plant access secured, and majors spending next door, Lake Victoria Gold has transitioned from pure explorer to imminent producer with multiple, low‑capex paths to cash flow. In other industry developments and happenings in the market include: Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) produced 27,548 oz of gold in Q2 2025 and ended the quarter with US $72.6 million in cash. "Q2 was another solid operating quarter at Bomboré, with gold production in line with plan," said Patrick Downey, President and CEO of Orezone. "The Company remains well-positioned to achieve its 2025 production guidance of 115,000-130,000 ounces, with Q4 expected as the strongest quarter." Orezone reports its stage‑1 hard‑rock expansion at the Bomboré mine is on time and on budget for mill commissioning and first gold in Q4 2025. The company reaffirmed 2025 guidance of 115 000–130 000 oz and is already evaluating a stage‑2 expansion that could lift annual output to as much as 250 000 oz. G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) hit nameplate capacity at its Tocantinzinho mine, with the plant averaging 12 890 tpd for 30 straight days and producing 42 587 oz of gold in Q2—a 20 % jump over Q1. "The team at TZ has delivered an impressive Q2 following the SAG mill liner challenges earlier this year, leading to a successful ramp up to nameplate throughput," said Louis-Pierre Gignac, President and CEO of G Mining. "Since implementing the new liner, the mill has operated with excellent stability, higher throughput, and robust gold recoveries. These results demonstrate our technical capabilities and disciplined execution, keeping us firmly on track to achieve our 2025 production targets." G Mining Ventures lifted gold recovery to 90.3 % after replacing SAG‑mill liners and says new fleet arrivals should boost mining rates in H2. Management kept full‑year guidance of 175 000–200 000 oz intact and highlighted steady safety performance with zero lost‑time incidents. Galiano Gold Inc. (NYSE-American: GAU) (TSX: GAU) recently released deep‑step‑out results at the Abore deposit, including 36 m at 2.5 g/t gold within a system that now extends 200 m below the reserve pit across 1.2 km of strike. Galiano intersected mineralized granite in all four holes, confirming potential for bulk underground mining beneath the Asanko Gold Mine in Ghana. "Intersecting mineralized granite in all four deep holes of this program is an important step in advancing our understanding of the blue-sky underground expansion potential at Abore," stated Matt Badylak, President and CEO of Galiano. "These results continue to build on the success from our previous drilling campaigns and confirm that the controlling structures and host lithologies that characterize the Abore mineralizing system are present and fertile well below any areas previously drilled to date." A follow‑up infill program is under way to test additional extensions and feed future resource growth. Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA) closed a US$425 million equity financing that will cover the equity portion of a larger project‑finance package for its Stibnite Gold Project in Idaho. Perpetua has also applied for up to US $2 billion in debt funding from the U.S. EXIM Bank and is negotiating a royalty or streaming deal linked to reclamation guarantees. The company expects these funds to fully cover the estimated US $2.2 billion construction cost and position Stibnite for a late‑2025 build start, pending final permits and EXIM approval. CONTACT: Equity Insider [email protected] (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for media corp, who has been paid a fee for an advertising from a shareholder of the Company (333,333 unrestricted shares). MIQ has not been paid a fee for Lake Victoria Gold Ltd. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ("BAY") There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
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Business Standard
5 days ago
- Business
- Business Standard
Smartworks Coworking Spaces shares list at 7% premium; book profit or hold?
Smart works Coworking Spaces share price: Shares of Smart works Coworking Spaces made a positive D-Street debut on Thursday, July 17, following the completion of its initial public offering (IPO). The company's shares listed at ₹436.10 per share on the BSE, a premium of ₹29.10 per share or 7.15 per cent over the issue price of ₹407 per share. On the National Stock Exchange (NSE), Smartworks Coworking Spaces shares listed at a slightly lower premium of ₹28 or 6.88 per cent at ₹435 apiece. Smartworks Coworking Spaces IPO listing was almost in line with the grey market's estimates. Ahead of their market debut, the unlisted shares of Smartworks Coworking Spaces were trading at ₹432 per share, reflecting a grey market premium of ₹25, or 6.14 per cent over the issue price, revealed sources tracking unofficial market activity. Should you book profit or hold? Shivani Nyati, head of wealth, Swastika Investmart, remains optimistic about the company's long-term outlook. "The company has posted growth in its top line with cash earnings before interest, taxes, depreciation, and amortisation (Ebitda) at gross levels," said Nyati, adding, "Its focus on MNC customers with long-term contracts has yielded the desired benefits." "Knowledgeable investors might park modest sums of money for the medium to long term, while others might consider taking profits," she added. Smartworks Coworking Spaces IPO details The public offering of Smartworks Coworking Spaces comprised a fresh issue of 10.9 million equity shares, aggregating to ₹445 crore, and an offer for sale (OFS) of up to 3.4 million equity shares worth ₹137.56 crore. It was offered at a price band of ₹387 and ₹407 per share, with a minimum lot size of 36 shares from July 10–July 14. Smartworks Coworking Spaces IPO received a positive response from investors and ended up getting oversubscribed by 13.45 times, riding on the back of the Qualified Institutional Buyers (QIBs), who oversubscribed the category reserved for them by 24.41 times. This was followed by the Non-Institutional Investors (NIIs) at 22.78 times, and Retail Investors at 3.53 times. Smartworks Coworking Spaces will not receive any proceeds from the offer for sale. The funds raised through the OFS will go directly to the selling shareholders. The company, however, proposes to use the net proceeds from the fresh issue to repay or prepay certain borrowings, invest in capital expenditure for fit-outs in new centres, and cover security deposits for these new centres. A portion of the funds will also be directed towards general corporate purposes. About Smartworks Coworking Spaces Smartworks Coworking Spaces Ltd (SCSL), incorporated in 2015, is India's largest managed campus operator offering 8.99 mn sq. ft. of leased and managed space across 50 centers in 15 cities (as of March 2025). Catering to mid-to-large enterprises, SCSL converts bare-shell properties into fully serviced, tech-enabled campuses featuring amenities like cafeterias, gyms, crèches, medical centers, and convenience stores to boost productivity and employee well-being. As of June 2025, it had a total capacity of 231,548 seats across 48 operational centers (190,421 seats), 2 under fit-out (15,042 seats), and 4 upcoming (26,085 seats).
The Citizen
06-07-2025
- Business
- The Citizen
Savings month: How to save like a millionaire
The saving habits of millionaires are simple enough for anyone to copy. We all look at millionaires and wish that we had their money. And then we look at our bank accounts and laugh at the small amount that will never grow past a million. However, the good news is you can save like a millionaire, even if you are not one (yet). Salem Nyati, consumer financial education specialist at Momentum Group Foundation, says it is easier than you think to build strong saving habits, even on a starter salary. 'The key is knowing what works and starting early.' She says becoming a millionaire might sound out of reach. 'But saving like one? That is something you can start doing right now. Wealthy people do not get rich by accident. While they may earn more than the average person, it is how they manage and grow their money that makes the real difference. 'The good news? Many of their saving habits are simple enough for anyone to copy, even if you just started your first job.' ALSO READ: Want to be more like a billionaire? Try saving like one Nyati found these five saving habits people with serious bank accounts swear by and explains how you can make them work for you: 1. Let your money make money Millionaires do not leave their money idle, she points out. 'They put it to work in savings vehicles that earn compound interest, like tax-free savings accounts (TFSAs), where the returns grow over time without being taxed. Even if you start with small amounts, consistency is what unlocks the growth. Check with your bank as many banks offer simple ways to open a TFSA and get started.' 2. Ditch expensive debt People with serious wealth avoid high-interest debt, like store cards, credit cards or micro loans because debt does not just drain your income, it stops you from saving for your future. Focus on paying down what you owe and you will free up money to invest in your goals instead of paying interest to someone else, Nyati says. ALSO READ: Who wants to be a millionaire? Try a tax-free savings account 3. Level up your money knowledge You do not need a finance degree to build wealth but the more you learn, the better you will do. 'Start with the basics: how interest works, what a budget looks like, how to invest safely and build from there. The wealthiest people are always learning.' 4. Give your money a plan Nyati says a budget is your spending cheat code. 'It helps you stay in control, avoid debt and find extra cash to save. Know what is coming in, what is going out and what you can set aside. When your money has a job, it works harder for you.' ALSO READ: Savings month: this is what South Africans save for 5. Start small – but start now You do not need to put away thousands, or even hundreds, each month to get started. What matters most is building the habit early. 'The sooner you begin, the more your savings can grow and the easier it gets to stay consistent.' Nyati says saving like a millionaire is not about having a seven-figure salary but about having a game plan, a little patience and the discipline to stick with it. 'Start now and give your future self one less thing to stress about.'
Cision Canada
16-05-2025
- Business
- Cision Canada
While Majors Ride Momentum, Smaller Gold Stocks Are Building Something Bigger
VANCOUVER, BC, May 16, 2025 /CNW/ -- Despite a short-lived correction earlier this week, gold prices quickly recovered in what's being called uncertainty-fueled " gold fever". While major gold miners reaped the benefits of a strong Q1 gold price performance, gold stocks of all sizes are moving the needle with developments of their own, including recent updates from Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Gold Resource Corporation (NYSE-American: GORO), Contango Ore, Inc. (NYSE-American: CTGO), Vox Royalty Corp. (NASDAQ: VOXR), and SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM). According to DoubleLine Capital CEO Jeff Gundlach (better known as "Bond King"), ongoing gold price rally isn't over, as the precious metal could climb as high as $4,000 per ounce. JPMorgan analysts recently made waves with a bold outlook, suggesting that if just 0.5% of U.S.-held foreign assets shifted into gold, prices could climb as high as $6,000 per ounce by 2029, while Goldman Sachs believes we could see spikes as high as $4,500 this year alone. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is quietly advancing its gold ambitions in Tanzania with a practical, near-term approach. The company recently brought in Nesch Mintech Tanzania —a respected third-party firm— to help evaluate a local gold processing plant that could play a key role in early production. This comes on the heels of a non-binding Letter of Intent (LOI) with Nyati Resources to explore a small-scale development pathway. Nesch's review will assess how ready the plant is to run, how much gold it's likely to recover, and what upgrades might unlock even better results. "Engaging Nesch Mintech at this stage ensures we bring third-party rigour and transparency to the commissioning process, which is fundamental to assessing the Nyati opportunity," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We are excited by the potential to leverage existing processing infrastructure and local ore sources to create a scalable gold production platform in Tanzania." If the partnership moves forward, LVG would begin sending mineralized material from its fully owned Mining Licences to be processed at Nyati's 120-ton-per-day plant, alongside a new 500-ton-per-day facility that's nearly ready. Together, these two plants could form the backbone of a centralized gold processing hub—giving both companies a faster, lower-capex path to first production. "This audit is an important milestone as we advance this most compelling near-term gold development opportunity," said Simon Benstead, Executive Director of Lake Victoria Gold. "By combining strategic processing infrastructure with high-potential development targets, the proposed joint venture has the potential to unlock meaningful value for all stakeholders. We look forward to working closely with Nesch Mintech to validate the plant's performance and move confidently toward execution." While still early-stage and not yet backed by a current resource estimate or Feasibility Study, the proposed initiative gives LVG a chance to test its geology in a real-world setting. As with any small-scale venture, key risks remain—especially around grade consistency, metallurgy, permitting, and successful, this low-cost strategy could unlock near-term cash flow and help fund further exploration. The agreement with Nyati builds on LVG's earlier announcement that it was exploring small-scale development options at its flagship Tembo Project, located right next to Barrick's high-grade Bulyanhulu mine. Tembo is no stranger to serious exploration, with over US$28 million already invested and more than 50,000 metres of drilling completed. Several key zones—including Ngula 1, Nyakagwe Village, and Nyakagwe East—remain open along strike and at depth, underscoring the project's long-term growth potential. "Tembo has always stood out as a project with the potential to deliver both near-term value and long-term discovery upside," said Benstead. "Evaluating this small-scale development opportunity allows us to test the system, generate operational insights, and potentially self-fund ongoing exploration." LVG continues to build momentum by aligning capital, partnerships, and near-term development opportunities. While Tembo remains the company's long-term discovery engine, its newly acquired Imwelo Project is the most advanced asset in the pipeline. Fully permitted and supported by a 2021 pre-feasibility study, Imwelo is located near AngloGold Ashanti's Geita Mine and appears well suited for streamlined development and construction.. To help advance development, Lake Victoria Gold signed a non-binding gold prepay term sheet with Monetary Metals in late 2024. The agreement provides upfront, non-dilutive capital in exchange for a portion of future gold production at a discount, aligning repayment with the project's output. The structure allows LVG to access value equivalent to up to 7,000 ounces of gold, with proceeds earmarked for construction and early development work. In early 2025, the company also closed a C$3.52 million investment tranche from Taifa Group at C$0.22 per share, part of a broader C$11.52 million three-stage financing. As part of that partnership, former Taifa CEO Richard Reynolds joined LVG's board, bringing additional regional experience and leadership. Looking ahead, LVG also holds a milestone-based earn-in agreement with Barrick worth up to US$45 million, tied to future exploration success at Tembo. With plant audits in progress, a joint venture under review, and a growing financial toolkit, Lake Victoria Gold is positioning itself as one of the more compelling junior developers in East Africa. In other industry developments and happenings in the market include: Gold Resource Corporation (GRC) (NYSE-American: GORO) faced a challenging first quarter at its Don David Gold Mine in Mexico, where limited access to mining zones and worn-out equipment dragged down output. "While production was lower in Q1 2025 than in prior quarters, we're now seeing strong early traction," said Allen Palmiere, President and CEO of GRC. "We secured additional capital through ATM sales and received the anticipated tax refund, strengthening our balance sheet and placing us in a better position to move forward with the development of the Three Sisters system. We're also advancing contractor negotiations to fast-track access to new zones. These initiatives are part of a disciplined execution plan—and we're confident in our ability to deliver anticipated results." On the positive side, GRC secured $8.6 million through financing and asset sales, plus a $4 million tax refund, improving short-term liquidity. Management sees promising potential in the Three Sisters system, but new investment is crucial to avoid disruptions and return to positive cash flow. Contango Ore, Inc. (NYSE-American: CTGO) delivered a strong Q1 2025, reporting $19.3 million in income from operations and selling over 17,000 ounces of gold from its Manh Choh joint venture. With all-in sustaining costs of $1,374 per ounce—well below target—and $33 million in cash distributions, the company enters Q2 on solid footing. Contango also announced encouraging early economics for its Johnson Tract project, which could mirror the success of Manh Choh. "Gold production from the first campaign of 2025 continued into the second quarter with a further 3,810 ounces in recoverable inventory at the end of the quarter," said Rick Van Nieuwenhuyse, President and CEO of Contango. "During the quarter we delivered almost 12,000 ounces to the hedge contract using the Carry Trade, effectively reducing our hedge balance to 74,800 ounces." Vox Royalty Corp. (NASDAQ: VOXR) has added another cash-generating asset to its portfolio with the acquisition of a 2.5% royalty on the producing Kanmantoo copper-gold mine in South Australia. The $11.7 million deal is fully funded and gives Vox immediate exposure to monthly royalty payments from an active underground operation. With production ramping up and major exploration underway, Kanmantoo enhances both the near-term revenue and long-term upside of Vox's royalty platform. "Based on Hillgrove's production forecasts for 2025, the Kanmantoo 2.5% royalty is expected to generate over $3 million of annualized royalty revenue," said Kyle Floyd, CEO of Vox. "We believe the Kanmantoo asset provides our investors with exceptional exposure to a royalty that has both strong current production and growth potential in terms of mine life and mill utilization." SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) posted a strong start to 2025, reporting $58.8 million in net income and $84.8 million in operating cash flow for Q1 2025, supported by over 103,000 gold equivalent ounces produced across its global portfolio. "We are well on track for full-year consolidated production and cost guidance, and are positioned to generate strong free cash flows through the remainder of the year," said Rod Antal, Executive Chairman of SSR. "We look forward to advancing optimization and possible expansion opportunities at CC&V through the remainder of 2025." The newly acquired CC&V mine contributed as expected, with further optimization planned for the months ahead. Excluding the suspended Çöpler operation, AISC dropped to $1,749 per ounce, giving SSRM a solid cost base heading into the rest of the year. DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for media corp, who has been paid a fee for an advertising from a shareholder of the Company (333,333 unrestricted shares). MIQ has not been paid a fee for Lake Victoria Gold Ltd. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ("BAY") There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Cision Canada
14-05-2025
- Business
- Cision Canada
With Forecasts Hitting $4,000 to $6,000, Gold Mining Sector Sees Renewed Investor Focus
Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC, May 14, 2025 /CNW/ -- After a (very) short honeymoon period that followed the latest US-China trade agreement, the price of gold recovered as quickly as euphoria over the trade deal faded. According to DoubleLine Capital CEO Jeff Gundlach (better known as "Bond King"), ongoing gold price rally isn't over, as the precious metal could climb as high as $4,000 per ounce. Now with the current gold price creating a new normal, gold miners are managed to bridge the discount gap to bullion, and overcome rising production costs. Several miners and developers have been providing updates worthy of extra market attention, including from Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), K92 Mining Inc. (TSX: KNT) (OTCQX: KNTNF), AngloGold Ashanti plc (NYSE: AU), G Mining Ventures (TSX: GMIN) (OTCQX: GMINF), and Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF). JPMorgan analysts recently made waves with a bold outlook, suggesting that if just 0.5% of U.S.-held foreign assets shifted into gold, prices could climb as high as $6,000 per ounce by 2029. At the same time, jewelry retailers across the U.S. are reporting a sharp rise in gold buying, showing that retail demand is starting to catch up with Wall Street sentiment. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), a junior gold developer focused on East Africa, is making steady progress on its near-term development plans in Tanzania. The company has brought in Nesch Mintech Tanzania, a third-party auditor, to support the upcoming commissioning of Nyati Resources' gold processing plant, anticipated to begin in June. This move follows a non-binding Letter of Intent between LVG and Nyati, exploring the potential for a small-scale development partnership. Nesch will evaluate the plant's operational readiness, review projected recovery rates, and identify areas for optimization as Nyati prepares to activate a second processing circuit. "Engaging Nesch Mintech at this stage ensures we bring third-party rigour and transparency to the commissioning process, which is fundamental to assessing the Nyati opportunity," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We are excited by the potential to leverage existing processing infrastructure and local ore sources to create a scalable gold production platform in Tanzania." Under the proposed partnership, LVG would send mineralized material from its 100%-owned Mining Licences to be processed at Nyati's existing 120 tpd plant and a new 500 tpd facility now nearing completion. This expansion would establish the foundation for a centralized gold processing hub under the proposed joint venture between LVG and Nyati. "This audit is an important milestone as we advance this most compelling near-term gold development opportunity," said Simon Benstead, Executive Director of Lake Victoria Gold. "By combining strategic processing infrastructure with high-potential development targets, the proposed joint venture has the potential to unlock meaningful value for all stakeholders. We look forward to working closely with Nesch Mintech to validate the plant's performance and move confidently toward execution." While this concept remains at an early stage and is not supported by a current mineral resource estimate or Feasibility Study, any potential small-scale development is speculative and subject to key risks, including grade continuity, metallurgy, permitting, and financing. That said, the initiative offers Lake Victoria Gold (LVG) an opportunity to test its geological model directly in the field. If successful, this low-capex approach could generate early cash flow and support ongoing LOI with Nyati follows LVG's previous disclosure that it was evaluating small-scale development at its Tembo Project, located beside Barrick's high-grade Bulyanhulu Mine. Tembo has already seen more than US$28 million in exploration and over 50,000 metres of drilling. Key targets—such as Ngula 1, Nyakagwe Village, and Nyakagwe East—remain open along strike and at depth, highlighting the project's strong upside potential. "Tembo has always stood out as a project with the potential to deliver both near-term value and long-term discovery upside," said Benstead. "Evaluating this small-scale development opportunity allows us to test the system, generate operational insights, and potentially self-fund ongoing exploration." LVG continues to align capital and strategic partnerships as it moves closer to construction. While Tembo offers long-term exploration upside, LVG's Imwelo Project (acquired earlier this year) currently stands as its most advanced asset, backed by a 2021 pre-feasibility study and full permitting. Located near AngloGold Ashanti's (NYSE: AU) Geita Mine, Imwelo is well positioned for streamlined development. To support this, the company signed a non-binding gold prepay term sheet with Monetary Metals in late 2024. The deal offers upfront capital in exchange for a share of future gold production at a discount—providing non-dilutive financing aligned with the project's production schedule. The term sheet outlines access to the value of up to 7,000 ounces of gold, earmarked for construction and development. In February 2025, LVG also secured a C$3.52 million investment tranche from Taifa Group at C$0.22 per share, which was part of a larger C$11.52 million three-tranche financing. As part of the deal, former Taifa CEO Richard Reynolds joined the company's board. Additional upside remains through a US$45 million milestone-based agreement with Barrick tied to future success at Tembo. With commissioning audits underway, a potential joint venture in due diligence, and a growing financial runway, Lake Victoria Gold is steadily positioning itself as a leading junior developer in East Africa. In other industry developments and happenings in the market include: K92 Mining Inc. (TSX: KNT) (OTCQX: KNTNF) delivered record Q1 2025 results, reporting its highest-ever revenue, net income, cash flow, and EBITDA, driven by strong gold grades and favorable recoveries. The company produced 47,817 ounces of gold equivalent at an all-in sustaining cost of $1,010 per ounce and ended the quarter with a record net cash position of $123 million. Construction on its Stage 3 expansion plant is nearing completion, with commissioning expected in Q2, while exploration ramped up at Arakompa with several high-grade intercepts. " K92 has delivered a strong start to 2025, continuing the positive momentum from the second half of 2024, with robust operational and financial results across the board," said John Lewins, CEO and Director of K92. "Q1 marked our second-highest production quarter. Combined with the record gold price environment, it resulted in record revenue, net income, EBITDA, and operating cash flow." AngloGold Ashanti plc (NYSE: AU) also reported a powerful first quarter in 2025, with gold production rising 22% year over year and free cash flow surging 607% to $403 million. Headline earnings jumped 671% to $447 million, driven by stronger gold prices, the integration of the Sukari mine, and improved performance at key operations like Siguiri and Tropicana. "This is a very strong start to the year, particularly at our managed operations," said Alberto Calderon, CEO of AngloGold Ashanti. "We've seen strong growth in production with the addition of Sukari and our cost control efforts continue to offset inflation, which has ensured that we capture the benefit of the higher gold price." G Mining Ventures (TSX: GMIN) (OTCQX: GMINF) recently released a robust feasibility study for its high-grade Oko West Gold Project in Guyana, outlining a 12.3-year mine life with average annual production of 350,000 ounces at an all-in sustaining cost (AISC) of $1,123 per ounce. At a base case gold price of $2,500 per ounce, the project delivers an after-tax NPV5% of $2.2 billion and an IRR of 27%, with payback in just under three years. Early construction is already underway following the receipt of an interim environmental permit, with a final construction decision expected in the second half of 2025. "The Oko West Feasibility Study marks a major milestone in realizing the value of what we consider one of the world's most exciting undeveloped gold projects," said Louis-Pierre Gignac, President and CEO of G Mining. "It confirms a long-life, high-margin operation with strong economics, supported by a proven resource and solid infrastructure." Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) recently made multiple new high-grade ore shoot discoveries at its Tahuehueto gold-silver mine in Durango, Mexico, following results from nine new underground drill holes. Highlights include intercepts of 9.4 meters grading 5.21 g/t gold equivalent and 4.8 meters at 5.62 g/t AuEq, confirming new mineralized zones near existing mine workings. "The discovery of multiple new high-grade ore shoots so quickly into this new exploration program confirms the robust nature of the Tahuehueto epithermal vein system and the potential to add immediate value to this asset," said Paul D. Gray, VP Exploration of Luca. "The fact that the current drilling program has consistently intersected well-mineralized veins in previously untested areas also confirms the Company's exploration approach and moreover speaks to the larger potential of the Tahuehueto mineralized system." The results are expected to expand near-term resources and inform updated mine plans, with a second 5,000-meter drilling phase and surface exploration at the Santiago Deposit now underway. DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for media corp, who has been paid a fee for an advertising from a shareholder of the Company (333,333 unrestricted shares). MIQ has not been paid a fee for Lake Victoria Gold Ltd. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ("BAY") There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. 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