Agnico Nears World's No. 2 Gold Miner Spot With Output Targets
The Canadian mining company aims to churn out 3.3 million to 3.5 million bullion ounces this year, according to full-year earnings posted Thursday. That's on par with Barrick Gold Corp., which is currently the No. 2 gold miner. Barrick expects output to decline while its giant mining complex in Mali remains shut. Newmont Corp., by far the world's top producer, expects to produce 6.4 million ounces in 2025.
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Business Wire
19 minutes ago
- Business Wire
Kobo Resources Announces Non-Brokered Private Placement of up to $3.0 Million
QUEBEC CITY--(BUSINESS WIRE)--Kobo Resources Inc. (' Kobo ' or the ' Company ') (TSX.V: KRI) intends to complete a non-brokered private placement of up to 10,000,000 units (the ' Units ') at a price of $0.30 per Unit for gross proceeds of up to $ 3.0 million (the ' Offering '). Each Unit will be comprised of one Common Share and one-half Common Share Purchase Warrant. Each Warrant will entitle its holder to acquire one Common Share at a price of $0.55 for a period of 24 months from the Closing Date. The Units will be issued pursuant to exemptions from the prospectus requirements in accordance with NI 45-106. The securities underlying the Units will be subject to a 4-month statutory hold period in accordance with applicable Canadian securities laws. Edward Gosselin, CEO and Director of Kobo commented: 'After the completion of the diamond drilling program in 2024 and 2025, we look forward to expanding our exploration efforts at our Kossou Gold Project in the second half of 2025. Following the expected closing of this financing, the additional capital will enable us to enhance our current exploration initiatives in 2025 on our three main targets, for the Kossou Gold Project.' The Company intends to use the net proceeds of the Offering to pursue its exploration initiatives initiated in H1-2025 and extend the known zones of mineralisation at its three main targets, the Road Cut Zone, Jagger Zone and Kadie Zone on the Kossou Gold Project, initiate preliminary metallurgical work and further develop its ongoing soil geochemical and trenching survey at Kossou as well as to enhance the geological exploration program on the Kotobi research permit and for general corporate and working capital purposes. Closing of the Offering may occur in one or more closings with the first closing expected to occur on or about August 28, 2025 and the final closing to occur no later than September 5, 2025 (the ' Closing '), and are subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Units, Common Shares and Warrants have not been registered under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the 'United States' or 'U.S. persons' (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with an exemption from such registration requirements. This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. About Kobo Resources Inc. Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa's most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company's 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region's largest gold mines with established processing facilities. With over 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development. Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo's common shares trade on the TSX Venture Exchange under the symbol "KRI'. For more information, please visit Kobo's common shares trade on the TSX Venture Exchange under the symbol "KRI'. For more information, please visit NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Statement on Forward-looking Information: This news release may contain 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements, including statements related to the Offering or to the exploration program of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable as at the date of this news release, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inherent risks involved win the exploration and development of mineral properties; unanticipated costs and expenses; the delay or failure to receive board, shareholder or regulatory approvals; and other risk factors listed from time to time in our documents filed with Canadian securities regulators on SEDAR+ at There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Business Wire
an hour ago
- Business Wire
New England-Canada Business Council announces new Canada/U.S. Energy & Innovation Collaboration Award
WESTFORD, Mass.--(BUSINESS WIRE)--The New England-Canada Business Council (NECBC) has launched the Steve Leahy Energy & Innovation Collaboration Award to celebrate outstanding cross-border partnerships and projects that exemplify the spirit of U.S.-Canada partnership in the energy sector. The NECBC Steve Leahy Energy Innovation Award will honor projects' positive environmental and economic impact, level of U.S.-Canadian collaboration, sustainability, replicability, public-private sector and Indigenous collaboration, and other factors. Share Named for the late longtime NECBC board member and senior energy executive, the Leahy Award will recognize initiatives that demonstrate innovation, environmental and economic impact, stakeholder collaboration, and a clear commitment to long-term sustainability. Nominations are due by September 15, 2025. 'Nothing could be a greater tribute to our beloved colleague Steve and to the longstanding mission of NECBC than to honor projects that bridge national boundaries, foster a more resilient and sustainable energy future for North America, and exemplify the deep ties of trade and friendship between the U.S. and Canada,'' said NECBC President John W. Gulliver. NECBC will announce winners of the Leahy Award in mid-October and celebrate them in person at the Council's 33rd Annual U.S.-Canada Boston Executive Energy Conference on Nov. 19-20, 2025. The NECBC Energy Conference brings together more than 200 senior executives, policymakers, and innovators from across the U.S. and Canada to address the top energy system issues, including grid reliability, clean energy integration, affordability, and cross-border collaboration. Projects and partnerships nominated for the Leahy Award will be judged by NECBC according to a 105-point scoring rubric that will consider factors including their positive environmental and economic impact, level of U.S.-Canadian collaboration, collaboration among the public and private sectors and Indigenous communities, use of innovative new technologies/partnerships/business models, scalability and replicability, and long-term sustainability. Bonus points will be awarded to NECBC members and event participants. Please visit to learn more about scoring criteria and how to submit a nomination. The mission of the New England-Canada Business Council (NECBC) is to advance business, political, and cultural relationships between Canada and the United States and to help members grow their cross-border professional networks. Founded in 1981, the NECBC is one of the leading non-profit organizations working to sustain and expand the strong and mutually valuable connections between New England and Canada.
Politico
an hour ago
- Politico
Canada courts Arctic allies to counter Russia
Canada's Arctic defense strategy is shifting away from a bilateral relationship with the United States toward a broader NATO framework. With Sweden and Finland joining NATO after Russia's February 2022 invasion of Ukraine — and in the wake of Trump's tariff attacks — Ottawa is widening its foreign policy focus to align with NATO as the foundation of its Arctic security. Busch said she welcomed a strategic partnership, 'focusing on security and defense, investment and competitiveness, digital innovation and energy raw materials.' Joly name-checked Canadian ties to Saab, as well as to Sweden tech giants Ericsson and ABB (Asea Brown Boveri). 'We have the crown jewels of the private sector of Sweden already in our country, but we want to do more,' the minister said. On Tuesday, Canada added one more jewel when Roshel, a Canadian manufacturer of armored vehicles, signed a 'strategic partnership agreement' with Swedish steel producer Swebor. Roshel said in a statement that the partnership will 'establish Canada's first facility dedicated to production of ballistic-grade steel' — a key ingredient in military vehicles. Earlier in the trip, Joly visited Saab, the Swedish manufacturer of the Gripen — at one time a runner-up on Canada's shortlist to replace its aging fleet of CF-18s. Lockheed Martin won that contract, and will deliver 16 of the stealth fighters so far. Joly is joined on this week's trip by Stephen Fuhr, Canada's new secretary of state for defense procurement, as Ottawa contemplates whether it will buy 72 more F-35s. Swedish Deputy Prime Minister Ebba Busch (left) welcomes Canadian Industry Minister Mélanie Joly to Stockholm on Monday. | Jonas Akstromer/TT News Agency/AFP via Getty Images Later in the week, Joly is to cut the ribbon on a joint Finnish-Canadian shipbuilding venture that will begin manufacturing a new fleet of icebreakers for Canada's Coast Guard. Meanwhile in Europe, Foreign Affairs Minister Anita Anand was scheduled to meet with Finland President Alexander Stubb on Tuesday. The tête-à-tête follows Stubb's appearance at the White House Monday alongside other European leaders, supporting Ukrainian President Volodymyr Zelenskyy in the Trump-brokered negotiation with Russia's Vladimir Putin to end the war in Eastern Europe.
