Latest news with #ESGold
Yahoo
13 hours ago
- Business
- Yahoo
Next Gold Powerhouse Emerges as Prices Break Records
NetworkNewsWire Editorial Coverage NEW YORK, June 4, 2025 /CNW/ -- As gold surges to record highs above $3,000+ per ounce in May 2025 — outpacing the S&P 500, NASDAQ and even bitcoin—Wall Street's focus is shifting. With U.S. debt-to-GDP now exceeding 120% and real interest rates still historically negative, gold has reaffirmed its role as the market's most reliable hedge. But for institutional investors, bullion and ETFs aren't enough anymore. What they want now is leverage, scalability and cash flow. That's why the spotlight is turning toward a new class of near-term gold producers: companies with clean balance sheets, high internal rates of return (IRR) and operational models designed to scale and generate recurring revenue — companies like ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (Profile). With central banks buying more gold than ever and financial markets hungry for sustainable exposure to the yellow metal, the next wave of institutional capital is hunting for precisely the kind of scalable, cash-flow-driven opportunity that ESGold offers. With its focus on offering investors a viable pathway to include gold in their portfolios, ESGold joins an elite group of companies — including BHP Group Limited (NYSE: BHP), Barrick Mining Corporation (NYSE: B) (TSX: ABX), Agnico Eagle Mines (NYSE: AEM) and Wheaton Precious Metals (NYSE: WPM) — that are committed to being leaders in the mining space. ESGold is based on a replicable growth model, built for scale and designed to overcome the high failure rate among junior miners. With funding in place, the company has begun on-site construction and assembly at Montauban. ESGold remains laser focused on achieving its dual-track strategy: near-term gold and silver production paired with district-scale exploration. Amid this forward momentum, ESGold remains constantly committed to clean-processing initiatives. Click here to view the custom infographic of the ESGold editorial. A Clear Path to Near-Term Production "The best place to go if your faith in the [U.S.] dollar diminishes is gold as a reserve currency," stated billionaire hedge fund manager John Paulson ( Forecasting that central bank gold buying and global trade tensions are likely to push bullion prices to near $5,000 an ounce by 2028, Paulson is confident that "gold will increase its position in the world." Paulson is not alone in his thinking. Historically a popular asset that investors often use as a hedge against various economic and market risks, gold continues to be a viable option for savvy investors in today's fragile economic setting. However, many retail and institutional investors are looking past large caps and ETFs, turning instead to permitted, low-capex production stories with built-in scalability. The problem? The gold mining space is inundated with exploration and development stories, but most are stuck in endless exploration or bloated development cycles. Wall Street is tired of the "drill and pray" model; smart investors are hunting for permitted projects (derisked), visible production timelines, clean capital structures, tight floats and replicable growth models. Enter ESGold Corporation, a preproduction resource company on a clear path to near-term gold and silver production. ESGold represents the very opportunity that gold-focused minds want. The company is based on a replicable growth model, built for scale and designed to overcome the high failure rate among junior miners. The company sets itself apart by adopting a business model focused on revitalizing underutilized historic mining sites with existing infrastructure. This strategy translated into reduced capital expenditure by leveraging existing infrastructure and minimizing the need for substantial new investments, as well as lower operational risks as established sites often come with known geological data, reducing exploration more than 500,000 legacy mine sites in the United States and 10,000-plus mines in Canada ( there are more than enough opportunities for growth and expansion. ESGold is targeting only the most economically viable and strategically located projects — those with existing infrastructure, high-value tailings or clear pathways to near-term production. This selective, data-driven approach allows ESGold to scale responsibly, deploying capital into projects that offer the highest potential returns with the lowest development risk. Fully Funded, Fully Permitted Earlier this year, ESGold closed on C$3.45 million financing earmarked to advance its Montauban Project toward production ( This successful closing marked a pivotal point for the company, providing the necessary capital to initiate mill circuit construction and mobilize the final phase of development at Montauban. Located in Quebec, Montauban is a past-producing gold-silver mine with surface and underground mineralization and more than 900,000 tons of historical tailings. Unlike many juniors still chasing permits and timelines, ESGold and its Montauban Project is fully permitted for gold and silver production. This derisks the path to revenue, placing the company among the few in the junior space with near-term operational visibility. With the regulatory groundwork already complete, delays, dilutions and permitting risks are reduced, and ESGold can move toward production. "This financing represents a major inflection point for the company," said ESGold president Brad Kitchen, who noted that the financing supports the company's broader strategy to become one of Canada's next gold and silver mining producers through near-term production and long-term district-scale exploration. "With construction and processing circuit assembly now advancing, we are delivering on our commitment to build a scalable, profitable mining operation in one of the best jurisdictions in the world." Moving Decisively Forward With much of the funding in place, ESGold has already begun on-site construction and assembly at Montauban, a key milestone that moves the company into the execution phase of its accelerated production strategy, targeting near-term cash flow within the next six months ( The construction and mobilization stage is expected to last about a month. According to the company, this is the final major phase of infrastructure development before production begins, transforming Montauban from a legacy mine site into one of Canada's next active gold and silver operations. "This is the moment we've been working toward — breaking ground and moving decisively toward gold and silver production," said Kitchen. "Our team, contractors and stakeholders are aligned and energized to deliver on our strategy. We are building a clean, scalable and modern operation that reflects the new era of mining in Quebec. With production targeted for Q4, Montauban is on track to become a model for sustainable redevelopment of legacy mines." At current gold and silver prices, this operation is expected to deliver robust margins, giving ESGold the rare opportunity to self-fund exploration, acquisitions and growth while protecting shareholder equity. Achieving Dual-Track Strategy Following completion of the construction and assembly phase, ESGold plans to immediately advance into the next phase of mill circuit installation and commissioning. With permits in hand, infrastructure in place and funding secured, ESGold remains laser focused on achieving its dual-track strategy: near-term gold and silver production paired with district-scale exploration. ESGold will begin with reprocessing tailings. According to the company, the Montauban property presents a unique opportunity to transform legacy tailings into valuable resources using modern milling techniques while also restoring the environment ( The company plans to start at the Anacon Lead 1 tailings site, which will be reprocessed and fully remediated as part of ESGold's commitment to responsible mining. In addition, the company is evaluating four other tailings sites as potential sources of modern mill feed, maximizing resource efficiency and sustainability. ESGold's vision extends beyond reprocessing. The company believes that underlying hard-rock mineralization, previously mined, holds untapped potential. Through modern systematic exploration, the company plans to build a long-term resource base, ensuring a continuous supply of mill feed after tailings have been fully processed. ESGold projects initially processing 150,000 tonnes of ore annually, with expectations of scaling up to 300,000 tonnes. With that in mind, the company recently completed an internal review of its 2015 VTEM survey data and historic drill database, which confirms the presence of a large-scale geophysical anomaly in the southwestern portion of the Montauban project ( This area has not been drill tested, and ESGold has identified the zone as a high-priority target for future exploration. To validate this potential, ESGold is also finalizing a comprehensive 3D geological model, the first in the project's 110-year history. This model will integrate 2015 VTEM and TMI data; more than 950 historical drill holes and 18,000-plus Au, Ag and Zn assays; structural interpretation from geophysical and geological mapping; and data from an ANT (Ambient Noise Tomography) survey data. The ANT survey, which has been tested to 800 meters in imaging depth, is expected to provide key insight in determining the true scale and continuity of the southwestern anomaly, as well as additional zones of interest. "The southwest anomaly represents a technically interesting and previously untested zone at Montauban," said Kitchen. "While our primary focus remains on advancing toward near-term production, the evolving geophysical model and recent land expansion are beginning to reveal a much broader opportunity. With a growing dataset, disciplined exploration approach and a pathway to self-funded discovery, ESGold is well positioned to pursue both production and the longer-term potential of the Montauban system." Because ESGold's initial revenue is coming from tailings reprocessing, exploration isn't the only driver of valuation, it's the upside. That means the company can grow its resource base without being forced to finance through dilution at every drill stage, a rarity in the junior market. Committed to Sustainability Amid this forward momentum, ESGold remains constantly committed to clean-processing initiatives. The company recently reported results of testing that assessed the applicability of the Dundee Sustainable Technologies CLEVR Process(TM), a noncyanide, environmentally friendly, gold-recovery technology, on legacy tailings material from the Montauban Project ( The technology is designed to enhance recovery rates and minimize environmental impact, an approach that is solidly aligned with Quebec's strong support for mining innovation and sustainability. It also positions the company to benefit from government grants for clean extraction and remediation. Results of the testing indicate high gold-recovery potential using the CLEVR Process, with gold recovery of more than 90.9%, following an oxidation pretreatment process. The company noted that the results provide preliminary insights into the applicability of this technology at the Montauban Project. The company anticipates further studies to confirm economic feasibility. "We don't just talk about sustainability; we aggressively pursue it," Kitchen noted. "ESGold is advancing a cleaner future for mining by collaborating with industry leaders and academic institutions to transform extraction technologies. Our initiatives aim to balance environmental stewardship with economic returns, setting a new standard for mining innovation." Redefining the Future ES Gold joins an array of forward-thinking companies in the mining space dedicated to proving that sustainability and shareholder performance are not mutually exclusive. These industry leaders are integrating environmental stewardship with strong financial policies, innovative technology and savvy business strategies to set a new standard for the mining sector. BHP Group Limited (NYSE: BHP) just announced that it has established its first industry AI Hub ( The company noted that the hub is located in Singapore and is designed "to accelerate digital transformation and AI adoption in the mining and resources sector." The company said the hub will "focus on solving BHP enterprise-wide challenges using AI technologies to improve safety and lift productivity. Once established . . . the hub of BHP AI specialists will look at further integration of data-driven decisions, intelligence and automation into the company's core operations." Barrick Mining Corporation (NYSE:B) (TSX:ABX), a sector-leading gold and copper producer, just released its 2024 sustainability report, which reinforces the company's strong position in the mining space "by driving economic growth, enabling social progress and protecting the environment" ( Titled "Beyond the Horizon," the report provides an overview of the company's transformation from its 2019 merger "to becoming a leader in responsible mining, underscoring its commitment to sustainability-driven growth, community empowerment and environmental stewardship, focused on long-term value creation and measurable outcomes." Agnico Eagle Mines (NYSE:AEM), a Canadia-based and led senior gold mining company and the third largest gold producer in the world, recently completed the acquisition of 100% of the outstanding common shares of O3 Mining "pursuant to the amalgamation of O3 Mining and Agnico Eagle Abitibi Acquisition Corp., a wholly owned subsidiary of Agnico Eagle, making O3 Mining a wholly owned subsidiary of Agnico Eagle" ( O3 Mining is a gold explorer and mine developer in Québec, adjacent to Agnico Eagle's Canadian Malartic mine. Its principal asset is the Marban Alliance project, which the company has advanced over the last five years to the cusp of its next stage of development, with the expectation that the project will deliver long-term benefits to stakeholders ( Wheaton Precious Metals (NYSE: WPM), one of the world's premier precious metals streaming company, was named to this year's Corporate Knights' Global 100 Most Sustainable Corporations list ( The list recognizes companies that are focused on responsible behavior and sustainable revenue generation. "We are proud to be recognized for our commitment to excellence in ESG practices both in our own offices and alongside our mining partners, who have a strong track record in responsible mining," said Randy Smallwood, Wheaton president and CEO. "We have an incredible team at Wheaton and are advancing our work with mining partners to deliver the commodities our society needs." As global demand for critical resources, particularly gold, continues to rise, the need for responsible, effective mining practices has never been greater. The companies that successfully balance sustainability with strong shareholder returns are not only meeting today's challenges—they're shaping the future of the industry. For further information about ESGold Corporation, please visit ESGold Profile About NetworkNewsWire NetworkNewsWire ("NNW") is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge. For more information, please visit Please view full terms of use and disclaimers on the NNW website applicable to all content provided by NNW, wherever published or re-published: NetworkNewsWire is powered by IBN DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by NNW are solely those of NNW. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW for any investment decisions by their readers or subscribers. NNW is a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertakes no obligation to update such statements. NetworkNewsWireNew York, OfficeEditor@ Logo: View original content to download multimedia: SOURCE NetworkNewsWire View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
13 hours ago
- Business
- Cision Canada
Wall Street Targets Breakout Gold Producers as Bull Market Accelerates
NEW YORK, June 4, 2025 /CNW/ -- With gold soaring past $3,000 per ounce in May 2025 — outperforming NASDAQ, the S&P 500, and even bitcoin — Wall Street's attention is shifting. As U.S. debt-to-GDP climbs above 120% and real interest rates remain negative, gold continues to prove itself as the market's most dependable hedge. Yet for institutional investors, traditional holdings such as bullion and ETFs no longer offer enough upside. Today's focus is on leverage, scalability and consistent cash flow, providing an ideal opportunity for a new kind of mining company — a company such as ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (Profile), which offers clean balance sheets, high internal rates of return (IRR) and scalable, revenue-generating operations. As central banks accelerate gold purchases and financial markets seek sustainable ways to gain exposure to the metal, ESGold presents an attractive option. ESGold is committed to joining the ranks of mining leaders such as Rio Tinto (NYSE: RIO), Newmont Corporation (NYSE: NEM), Freeport-McMoRan (NYSE: FCX) and First Majestic Silver (NYSE: AG) that are carving out a path for investors seeking real returns. Savvy investors are seeking permitted, low-risk ventures with defined production timelines and streamlined capital structures based on scalable, repeatable business models. With funding and permitting in hand, ESGold is delivering on commitment to build a scalable, profitable mining operation in one of the best jurisdictions in the world. Early revenues from the reprocessing of tailings means the company's valuation isn't tied to speculative drilling results, allowing district-scale exploration. As ESGold continues to advance its operations, the company remains steadfast in its dedication to environmentally responsible mining practices. Click here to view the custom infographic of the ESGold editorial. A Defined Path to Production "The best place to go if your faith in the [U.S.] dollar diminishes is gold as a reserve currency," observes billionaire hedge fund manager John Paulson ( who predicts that central banks' aggressive gold purchasing and rising global trade tensions could propel gold prices close to $5,000 per ounce by 2028. Paulson believes gold's role on the global financial stage is only going to expand. Others share Paulson's outlook. Gold has long been a go-to asset for investors seeking protection against inflation, currency risk and economic volatility. In today's uncertain climate, gold continues to attract interest from both individual and institutional investors. But instead of gravitating toward traditional large-cap mining companies or ETFs, many are now drawn to smaller-scale, capital-efficient operations that offer clear potential for scalability and returns. The challenge, however, is that the mining sector is crowded with early-stage exploration plays and overextended development projects. Many remain in a cycle of endless drilling and speculative hope, with few projects reaching actual production. Investors are increasingly turning away from this outdated "drill and hope" model, instead seeking permitted, low-risk ventures with defined production timelines and streamlined capital structures based on scalable, repeatable business models. That's where ESGold Corporation enters the scene. As a preproduction resource company with a defined plan to see gold and silver production in the near future, ESGold exemplifies the kind of opportunity today's gold-focused investors are pursuing. The company's strategy is built on a scalable model and a realistic path to generating revenue, one that avoids the common pitfalls that have hampered many junior miners. ESGold's approach is centered on revitalizing historic mining sites that already have infrastructure in place. By focusing on these legacy properties, the company significantly lowers upfront capital requirements, avoids lengthy permitting delays, and reduces the geological risks often associated with unexplored terrain. These advantages streamline the path to production and enhance investor confidence. In North America alone, there are more than 500,000 inactive mine sites in the United States with another 10,000-plus in Canada ( representing a vast pool of untapped potential. ESGold is focused on identifying only those projects that are economically sound and strategically located, particularly those with remaining high-value tailings or well-established routes to production. By using a data-driven approach to project selection, ESGold positions itself to grow responsibly, deploying capital only where the risk-reward profile is most attractive. This disciplined strategy gives the company a competitive edge and aligns with what today's investors are demanding: efficiency, near-term value, and repeatable success. Reaching Funding, Permitting Milestones ESGold recently successfully completed a C$3.45 million financing round to help advance its Montauban Project toward active gold and silver production ( This funding milestone marked a significant step forward for the company, providing essential resources to begin construction of the mill circuit and launch the final development stage at the Montauban site. Situated in Quebec, the Montauban Project is a former-producing mine with both surface and underground mineralization, as well as more than 900,000 tons of legacy tailings. Unlike many junior mining firms still navigating permitting processes and project timelines, ESGold's Montauban site already holds full permits for gold and silver production. This dramatically reduces the company's exposure to common development risks and sets it apart in the junior mining space with clear visibility toward near-term revenue generation. With the regulatory hurdles already cleared, ESGold is positioned to advance operations without the typical setbacks from permitting delays or capital dilution. " This financing represents a major inflection point for the company," said ESGold president Brad Kitchen, who noted that the financing supports the company's broader strategy to become one of Canada's next gold and silver mining producers through near-term production and long-term district-scale exploration. "With construction and processing circuit assembly now advancing, we are delivering on our commitment to build a scalable, profitable mining operation in one of the best jurisdictions in the world." Becoming a Model With the majority of its funding secured, ESGold has commenced on-site construction and assembly work at its Montauban Project, marking a significant advancement as the company enters the implementation phase of its fast-tracked production plan ( The company aims to achieve initial cash flow within the next six months. The current construction and mobilization efforts are expected to take approximately one month. This stage represents the final major infrastructure milestone before the site transitions into full-scale production, converting Montauban from a historic mining location into one of Canada's newest operating gold and silver mines. "This is the moment we've been working toward — breaking ground and moving decisively toward gold and silver production," said Kitchen. "Our team, contractors and stakeholders are aligned and energized to deliver on our strategy. We are building a clean, scalable and modern operation that reflects the new era of mining in Quebec. With production targeted for Q4, Montauban is on track to become a model for sustainable redevelopment of legacy mines." Given current market prices for gold and silver, the Montauban project is projected to generate strong profit margins, giving ESGold a rare opportunity to fund its own exploration and expansion initiatives while minimizing dilution and preserving shareholder value. Pursuing Both Production and Potential Once the construction and assembly phase at Montauban is complete, ESGold is set to move directly into the next critical step: the installation and commissioning of the mill circuit. With all necessary permits approved, core infrastructure in place and capital secured, the company is fully committed to its dual-pronged approach, which calls for initiating near-term gold and silver production while simultaneously exploring the broader district for long-term growth opportunities. Production will begin with the reprocessing of historical tailings. ESGold views Montauban as a rare chance to convert previously mined tailings into valuable output using updated milling technology, all while advancing environmental restoration efforts ( The Anacon Lead 1 tailings site will serve as the initial focus, where material will be both processed and remediated in alignment with ESGold's commitment to responsible, sustainable mining. Beyond this, the company is also reviewing four additional tailings sites as potential feed sources, further supporting efficient resource use. But ESGold's ambitions don't stop there. The company is confident that the hard-rock mineralization underlying the Montauban property, which had been partially mined in the past, holds significant untapped value. By applying modern exploration methods, ESGold aims to establish a lasting resource base that will continue supplying the mill once tailings are exhausted. Initial plans call for processing 150,000 tonnes of ore annually, with scalability up to 300,000 tonnes as operations mature. In support of these goals, ESGold recently completed a thorough review of its 2015 VTEM survey data and historic drilling records. The analysis confirms a large-scale geophysical anomaly in the southwestern section of the Montauban property, an area that has yet to undergo any drill testing ( This zone has now been identified as a top-priority target for exploration moving forward. To better understand this opportunity, ESGold is finalizing the first 3D geological model in the project's 110-year history. This comprehensive model incorporates a wide range of data sources, including the 2015 VTEM and TMI datasets; more than 950 historical drill holes; some 18,000-plus gold, silver and zinc assay results; structural analysis; and insights from an advanced Ambient Noise Tomography (ANT) survey. The ANT technology, which images to depths of up to 800 meters, will help determine the scale and continuity of the southwestern anomaly and may reveal additional mineralized zones elsewhere on the property. "The southwest anomaly represents a technically interesting and previously untested zone at Montauban," said Kitchen. "While our primary focus remains on advancing toward near-term production, the evolving geophysical model and recent land expansion are beginning to reveal a much broader opportunity. With a growing dataset, disciplined exploration approach and a pathway to self-funded discovery, ESGold is well positioned to pursue both production and the longer-term potential of the Montauban system." Because ESGold's early revenues will come from the reprocessing of tailings, its valuation isn't solely tied to speculative drilling results. Instead, exploration offers additional upside—allowing the company to grow its asset base without needing to repeatedly dilute shareholders at every phase of discovery. In today's junior mining landscape, that's a rare and highly strategic advantage. Setting a New Sustainability Standard As ESGold continues to advance its operations, the company remains steadfast in its dedication to environmentally responsible mining practices. Recently, ESGold shared results from testing that evaluated the effectiveness of Dundee Sustainable Technologies CLEVR Process(TM) on tailings material from its Montauban Project ( An ecofriendly, cyanide-free method for gold recovery, this innovative process is designed to both improve metal recovery rates and significantly reduce environmental impact, a strategy that aligns with Quebec's commitment to supporting sustainable mining technologies. Adoption of such methods may also make ESGold eligible for government funding geared toward green extraction and site remediation. The initial test results showed promising outcomes, with gold recovery rates exceeding 90.9% after an oxidation pretreatment. According to the company, these findings offer encouraging early insights into the CLEVR Process's potential application at Montauban. ESGold plans to conduct additional studies to assess the economic viability of implementing the technology on a larger scale. "We don't just talk about sustainability; we aggressively pursue it," Kitchen noted. "ESGold is advancing a cleaner future for mining by collaborating with industry leaders and academic institutions to transform extraction technologies. Our initiatives aim to balance environmental stewardship with economic returns, setting a new standard for mining innovation." Redefining Mining Success ESGold is part of a growing group of elite mining companies demonstrating that environmental responsibility and strong investor returns can go hand in hand. These pioneers are blending sustainable practices with sound financial management, cutting-edge technology and strategic business approaches to redefine what success looks like in the mining industry. Newmont Corporation (NYSE: NEM), the world's leading gold company and a producer of copper, silver, zinc and lead, has published its 2024 Sustainability Report, emphasizing the company's environmental, social and governance (ESG) performance ( "In 2024, we continued to strengthen our position as the world's leading gold company while embedding sustainability across all aspects of our business," said Newmont CEO Tom Palmer. "In generating $16 billion in economic contributions for the people and communities in which we operate, we are living our purpose to create value and improve lives through sustainable and responsible mining." Freeport-McMoRan (NYSE: FCX) is a leading international metals company with the objective of being foremost in copper. Headquartered in Phoenix, Arizona, FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum ( One of the world's largest publicly traded copper producers, FCX's portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits, as well as significant operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. First Majestic Silver (NYSE: AG), a publicly traded mining company focused on silver and gold production in Mexico and the United States, has reported a second significant discovery of vein-hosted gold and silver mineralization within a year at the Santa Elena property in Sonora, Mexico ( The near-surface, newly identified Santo Niño vein, located approximately one kilometer south of the company's Santa Elena mine, marks a significant addition to the district. The Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad and Santo Niño, underscoring the growing scale and potential of the district. Rio Tinto (NYSE: RIO), a company committed to producing iron ore, copper, aluminum and a range of other essential minerals and materials, was recently confirmed as the preferred partner for the Salares Altoandinos lithium project in the Atacama region of Chile ( The confirmation came from Empresa Nacional de Minería (ENAMI), a state-owned Chilean mining company. Under the terms of the proposal, Rio Tinto would acquire an initial 51% stake in the project with ENAMI holding the remaining 49%. The transaction remains subject to the signature of binding agreements, receipt of all regulatory approvals and the satisfaction of other customary closing conditions. With worldwide demand for essential resources — particularly gold — steadily increasing, the urgency for ethical and efficient mining practices is at an all-time high. Companies that manage to align environmental responsibility with solid investor returns aren't only addressing current needs, they are actively defining the future direction of the mining sector. For further information about ESGold Corporation, please visit ESGold Profile About NetworkNewsWire NetworkNewsWire ("NNW") is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge. For more information, please visit Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: NetworkNewsWire is powered by IBN DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by NNW are solely those of NNW. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW for any investment decisions by their readers or subscribers. NNW is a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertakes no obligation to update such statements.
Associated Press
3 days ago
- Business
- Associated Press
Next Gold Powerhouse Emerges as Prices Break Records
NetworkNewsWire Editorial Coverage NEW YORK, June 2, 2025 /CNW/ -- As gold surges to record highs above $3,000+ per ounce in May 2025 — outpacing the S&P 500, NASDAQ and even bitcoin—Wall Street's focus is shifting. With U.S. debt-to-GDP now exceeding 120% and real interest rates still historically negative, gold has reaffirmed its role as the market's most reliable hedge. But for institutional investors, bullion and ETFs aren't enough anymore. What they want now is leverage, scalability and cash flow. That's why the spotlight is turning toward a new class of near-term gold producers: companies with clean balance sheets, high internal rates of return (IRR) and operational models designed to scale and generate recurring revenue — companies like ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) ( Profile ). With central banks buying more gold than ever and financial markets hungry for sustainable exposure to the yellow metal, the next wave of institutional capital is hunting for precisely the kind of scalable, cash-flow-driven opportunity that ESGold offers. With its focus on offering investors a viable pathway to include gold in their portfolios, ESGold joins an elite group of companies — including BHP Group Limited (NYSE: BHP), Barrick Mining Corporation (NYSE: B) (TSX: ABX), Agnico Eagle Mines (NYSE: AEM) and Wheaton Precious Metals (NYSE: WPM) — that are committed to being leaders in the mining space. Click here to view the custom infographic of the ESGold editorial. A Clear Path to Near-Term Production 'The best place to go if your faith in the [U.S.] dollar diminishes is gold as a reserve currency,' stated billionaire hedge fund manager John Paulson ( ). Forecasting that central bank gold buying and global trade tensions are likely to push bullion prices to near $5,000 an ounce by 2028, Paulson is confident that 'gold will increase its position in the world.' Paulson is not alone in his thinking. Historically a popular asset that investors often use as a hedge against various economic and market risks, gold continues to be a viable option for savvy investors in today's fragile economic setting. However, many retail and institutional investors are looking past large caps and ETFs, turning instead to permitted, low-capex production stories with built-in scalability. The problem? The gold mining space is inundated with exploration and development stories, but most are stuck in endless exploration or bloated development cycles. Wall Street is tired of the 'drill and pray' model; smart investors are hunting for permitted projects (derisked), visible production timelines, clean capital structures, tight floats and replicable growth models. Enter ESGold Corporation, a preproduction resource company on a clear path to near-term gold and silver production. ESGold represents the very opportunity that gold-focused minds want. The company is based on a replicable growth model, built for scale and designed to overcome the high failure rate among junior miners. The company sets itself apart by adopting a business model focused on revitalizing underutilized historic mining sites with existing infrastructure. This strategy translated into reduced capital expenditure by leveraging existing infrastructure and minimizing the need for substantial new investments, as well as lower operational risks as established sites often come with known geological data, reducing exploration uncertainties. With more than 500,000 legacy mine sites in the United States and 10,000-plus mines in Canada ( ), there are more than enough opportunities for growth and expansion. ESGold is targeting only the most economically viable and strategically located projects — those with existing infrastructure, high-value tailings or clear pathways to near-term production. This selective, data-driven approach allows ESGold to scale responsibly, deploying capital into projects that offer the highest potential returns with the lowest development risk. Fully Funded, Fully Permitted Earlier this year, ESGold closed on C$3.45 million financing earmarked to advance its Montauban Project toward production ( ). This successful closing marked a pivotal point for the company, providing the necessary capital to initiate mill circuit construction and mobilize the final phase of development at Montauban. Located in Quebec, Montauban is a past-producing gold-silver mine with surface and underground mineralization and more than 900,000 tons of historical tailings. Unlike many juniors still chasing permits and timelines, ESGold and its Montauban Project is fully permitted for gold and silver production. This derisks the path to revenue, placing the company among the few in the junior space with near-term operational visibility. With the regulatory groundwork already complete, delays, dilutions and permitting risks are reduced, and ESGold can move toward production. 'This financing represents a major inflection point for the company,' said ESGold president Brad Kitchen, who noted that the financing supports the company's broader strategy to become one of Canada's next gold and silver mining producers through near-term production and long-term district-scale exploration. 'With construction and processing circuit assembly now advancing, we are delivering on our commitment to build a scalable, profitable mining operation in one of the best jurisdictions in the world.' Moving Decisively Forward With much of the funding in place, ESGold has already begun on-site construction and assembly at Montauban, a key milestone that moves the company into the execution phase of its accelerated production strategy, targeting near-term cash flow within the next six months ( ). The construction and mobilization stage is expected to last about a month. According to the company, this is the final major phase of infrastructure development before production begins, transforming Montauban from a legacy mine site into one of Canada's next active gold and silver operations. 'This is the moment we've been working toward — breaking ground and moving decisively toward gold and silver production,' said Kitchen. 'Our team, contractors and stakeholders are aligned and energized to deliver on our strategy. We are building a clean, scalable and modern operation that reflects the new era of mining in Quebec. With production targeted for Q4, Montauban is on track to become a model for sustainable redevelopment of legacy mines.' At current gold and silver prices, this operation is expected to deliver robust margins, giving ESGold the rare opportunity to self-fund exploration, acquisitions and growth while protecting shareholder equity. Achieving Dual-Track Strategy Following completion of the construction and assembly phase, ESGold plans to immediately advance into the next phase of mill circuit installation and commissioning. With permits in hand, infrastructure in place and funding secured, ESGold remains laser focused on achieving its dual-track strategy: near-term gold and silver production paired with district-scale exploration. ESGold will begin with reprocessing tailings. According to the company, the Montauban property presents a unique opportunity to transform legacy tailings into valuable resources using modern milling techniques while also restoring the environment ( ). The company plans to start at the Anacon Lead 1 tailings site, which will be reprocessed and fully remediated as part of ESGold's commitment to responsible mining. In addition, the company is evaluating four other tailings sites as potential sources of modern mill feed, maximizing resource efficiency and sustainability. ESGold's vision extends beyond reprocessing. The company believes that underlying hard-rock mineralization, previously mined, holds untapped potential. Through modern systematic exploration, the company plans to build a long-term resource base, ensuring a continuous supply of mill feed after tailings have been fully processed. ESGold projects initially processing 150,000 tonnes of ore annually, with expectations of scaling up to 300,000 tonnes. With that in mind, the company recently completed an internal review of its 2015 VTEM survey data and historic drill database, which confirms the presence of a large-scale geophysical anomaly in the southwestern portion of the Montauban project ( ). This area has not been drill tested, and ESGold has identified the zone as a high-priority target for future exploration. To validate this potential, ESGold is also finalizing a comprehensive 3D geological model, the first in the project's 110-year history. This model will integrate 2015 VTEM and TMI data; more than 950 historical drill holes and 18,000-plus Au, Ag and Zn assays; structural interpretation from geophysical and geological mapping; and data from an ANT (Ambient Noise Tomography) survey data. The ANT survey, which has been tested to 800 meters in imaging depth, is expected to provide key insight in determining the true scale and continuity of the southwestern anomaly, as well as additional zones of interest. 'The southwest anomaly represents a technically interesting and previously untested zone at Montauban,' said Kitchen. 'While our primary focus remains on advancing toward near-term production, the evolving geophysical model and recent land expansion are beginning to reveal a much broader opportunity. With a growing dataset, disciplined exploration approach and a pathway to self-funded discovery, ESGold is well positioned to pursue both production and the longer-term potential of the Montauban system.' Because ESGold's initial revenue is coming from tailings reprocessing, exploration isn't the only driver of valuation, it's the upside. That means the company can grow its resource base without being forced to finance through dilution at every drill stage, a rarity in the junior market. Committed to Sustainability Amid this forward momentum, ESGold remains constantly committed to clean-processing initiatives. The company recently reported results of testing that assessed the applicability of the Dundee Sustainable Technologies CLEVR Process(TM), a noncyanide, environmentally friendly, gold-recovery technology, on legacy tailings material from the Montauban Project ( ). The technology is designed to enhance recovery rates and minimize environmental impact, an approach that is solidly aligned with Quebec's strong support for mining innovation and sustainability. It also positions the company to benefit from government grants for clean extraction and remediation. Results of the testing indicate high gold-recovery potential using the CLEVR Process, with gold recovery of more than 90.9%, following an oxidation pretreatment process. The company noted that the results provide preliminary insights into the applicability of this technology at the Montauban Project. The company anticipates further studies to confirm economic feasibility. 'We don't just talk about sustainability; we aggressively pursue it,' Kitchen noted. 'ESGold is advancing a cleaner future for mining by collaborating with industry leaders and academic institutions to transform extraction technologies. Our initiatives aim to balance environmental stewardship with economic returns, setting a new standard for mining innovation.' Redefining the Future ES Gold joins an array of forward-thinking companies in the mining space dedicated to proving that sustainability and shareholder performance are not mutually exclusive. These industry leaders are integrating environmental stewardship with strong financial policies, innovative technology and savvy business strategies to set a new standard for the mining sector. BHP Group Limited (NYSE: BHP) just announced that it has established its first industry AI Hub ( ). The company noted that the hub is located in Singapore and is designed 'to accelerate digital transformation and AI adoption in the mining and resources sector.' The company said the hub will 'focus on solving BHP enterprise-wide challenges using AI technologies to improve safety and lift productivity. Once established . . . the hub of BHP AI specialists will look at further integration of data-driven decisions, intelligence and automation into the company's core operations.' Barrick Mining Corporation (NYSE: B) (TSX: ABX), a sector-leading gold and copper producer, just released its 2024 sustainability report, which reinforces the company's strong position in the mining space 'by driving economic growth, enabling social progress and protecting the environment' ( ). Titled 'Beyond the Horizon,' the report provides an overview of the company's transformation from its 2019 merger 'to becoming a leader in responsible mining, underscoring its commitment to sustainability-driven growth, community empowerment and environmental stewardship, focused on long-term value creation and measurable outcomes.' Agnico Eagle Mines (NYSE: AEM), a Canadia-based and led senior gold mining company and the third largest gold producer in the world, recently completed the acquisition of 100% of the outstanding common shares of O3 Mining 'pursuant to the amalgamation of O3 Mining and Agnico Eagle Abitibi Acquisition Corp., a wholly owned subsidiary of Agnico Eagle, making O3 Mining a wholly owned subsidiary of Agnico Eagle' ( ). O3 Mining is a gold explorer and mine developer in Québec, adjacent to Agnico Eagle's Canadian Malartic mine. Its principal asset is the Marban Alliance project, which the company has advanced over the last five years to the cusp of its next stage of development, with the expectation that the project will deliver long-term benefits to stakeholders ( ). Wheaton Precious Metals (NYSE: WPM), one of the world's premier precious metals streaming company, was named to this year's Corporate Knights' Global 100 Most Sustainable Corporations list ( ). The list recognizes companies that are focused on responsible behavior and sustainable revenue generation. 'We are proud to be recognized for our commitment to excellence in ESG practices both in our own offices and alongside our mining partners, who have a strong track record in responsible mining,' said Randy Smallwood, Wheaton president and CEO. 'We have an incredible team at Wheaton and are advancing our work with mining partners to deliver the commodities our society needs.' As global demand for critical resources, particularly gold, continues to rise, the need for responsible, effective mining practices has never been greater. The companies that successfully balance sustainability with strong shareholder returns are not only meeting today's challenges—they're shaping the future of the industry. For further information about ESGold Corporation, please visit ESGold Profile About NetworkNewsWire NetworkNewsWire ('NNW') is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge. For more information, please visit Please view full terms of use and disclaimers on the NNW website applicable to all content provided by NNW, wherever published or re-published: NetworkNewsWire is powered by IBN DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by NNW are solely those of NNW. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW for any investment decisions by their readers or subscribers. NNW is a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' describe future expectations, plans, results, or strategies and are generally preceded by words such as 'may', 'future', 'plan' or 'planned', 'will' or 'should', 'expected,' 'anticipates', 'draft', 'eventually' or 'projected'. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertakes no obligation to update such statements. NetworkNewsWire New York, NY 212.418.1217 Office [email protected] Logo - View original content to download multimedia: SOURCE NetworkNewsWire
Cision Canada
3 days ago
- Business
- Cision Canada
Next Gold Powerhouse Emerges as Prices Break Records
NEW YORK, June 2, 2025 /CNW/ -- As gold surges to record highs above $3,000+ per ounce in May 2025 — outpacing the S&P 500, NASDAQ and even bitcoin—Wall Street's focus is shifting. With U.S. debt-to-GDP now exceeding 120% and real interest rates still historically negative, gold has reaffirmed its role as the market's most reliable hedge. But for institutional investors, bullion and ETFs aren't enough anymore. What they want now is leverage, scalability and cash flow. That's why the spotlight is turning toward a new class of near-term gold producers: companies with clean balance sheets, high internal rates of return (IRR) and operational models designed to scale and generate recurring revenue — companies like ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (Profile). With central banks buying more gold than ever and financial markets hungry for sustainable exposure to the yellow metal, the next wave of institutional capital is hunting for precisely the kind of scalable, cash-flow-driven opportunity that ESGold offers. With its focus on offering investors a viable pathway to include gold in their portfolios, ESGold joins an elite group of companies — including BHP Group Limited (NYSE: BHP), Barrick Mining Corporation (NYSE: B) (TSX: ABX), Agnico Eagle Mines (NYSE: AEM) and Wheaton Precious Metals (NYSE: WPM) — that are committed to being leaders in the mining space. ESGold is based on a replicable growth model, built for scale and designed to overcome the high failure rate among junior miners. With funding in place, the company has begun on-site construction and assembly at Montauban. ESGold remains laser focused on achieving its dual-track strategy: near-term gold and silver production paired with district-scale exploration. Amid this forward momentum, ESGold remains constantly committed to clean-processing initiatives. Click here to view the custom infographic of the ESGold editorial. A Clear Path to Near-Term Production "The best place to go if your faith in the [U.S.] dollar diminishes is gold as a reserve currency," stated billionaire hedge fund manager John Paulson ( Forecasting that central bank gold buying and global trade tensions are likely to push bullion prices to near $5,000 an ounce by 2028, Paulson is confident that "gold will increase its position in the world." Paulson is not alone in his thinking. Historically a popular asset that investors often use as a hedge against various economic and market risks, gold continues to be a viable option for savvy investors in today's fragile economic setting. However, many retail and institutional investors are looking past large caps and ETFs, turning instead to permitted, low-capex production stories with built-in scalability. The problem? The gold mining space is inundated with exploration and development stories, but most are stuck in endless exploration or bloated development cycles. Wall Street is tired of the "drill and pray" model; smart investors are hunting for permitted projects (derisked), visible production timelines, clean capital structures, tight floats and replicable growth models. Enter ESGold Corporation, a preproduction resource company on a clear path to near-term gold and silver production. ESGold represents the very opportunity that gold-focused minds want. The company is based on a replicable growth model, built for scale and designed to overcome the high failure rate among junior miners. The company sets itself apart by adopting a business model focused on revitalizing underutilized historic mining sites with existing infrastructure. This strategy translated into reduced capital expenditure by leveraging existing infrastructure and minimizing the need for substantial new investments, as well as lower operational risks as established sites often come with known geological data, reducing exploration uncertainties. With more than 500,000 legacy mine sites in the United States and 10,000-plus mines in Canada ( there are more than enough opportunities for growth and expansion. ESGold is targeting only the most economically viable and strategically located projects — those with existing infrastructure, high-value tailings or clear pathways to near-term production. This selective, data-driven approach allows ESGold to scale responsibly, deploying capital into projects that offer the highest potential returns with the lowest development risk. Fully Funded, Fully Permitted Earlier this year, ESGold closed on C$3.45 million financing earmarked to advance its Montauban Project toward production ( This successful closing marked a pivotal point for the company, providing the necessary capital to initiate mill circuit construction and mobilize the final phase of development at Montauban. Located in Quebec, Montauban is a past-producing gold-silver mine with surface and underground mineralization and more than 900,000 tons of historical tailings. Unlike many juniors still chasing permits and timelines, ESGold and its Montauban Project is fully permitted for gold and silver production. This derisks the path to revenue, placing the company among the few in the junior space with near-term operational visibility. With the regulatory groundwork already complete, delays, dilutions and permitting risks are reduced, and ESGold can move toward production. " This financing represents a major inflection point for the company," said ESGold president Brad Kitchen, who noted that the financing supports the company's broader strategy to become one of Canada's next gold and silver mining producers through near-term production and long-term district-scale exploration. "With construction and processing circuit assembly now advancing, we are delivering on our commitment to build a scalable, profitable mining operation in one of the best jurisdictions in the world." Moving Decisively Forward With much of the funding in place, ESGold has already begun on-site construction and assembly at Montauban, a key milestone that moves the company into the execution phase of its accelerated production strategy, targeting near-term cash flow within the next six months ( The construction and mobilization stage is expected to last about a month. According to the company, this is the final major phase of infrastructure development before production begins, transforming Montauban from a legacy mine site into one of Canada's next active gold and silver operations. "This is the moment we've been working toward — breaking ground and moving decisively toward gold and silver production," said Kitchen. "Our team, contractors and stakeholders are aligned and energized to deliver on our strategy. We are building a clean, scalable and modern operation that reflects the new era of mining in Quebec. With production targeted for Q4, Montauban is on track to become a model for sustainable redevelopment of legacy mines." At current gold and silver prices, this operation is expected to deliver robust margins, giving ESGold the rare opportunity to self-fund exploration, acquisitions and growth while protecting shareholder equity. Achieving Dual-Track Strategy Following completion of the construction and assembly phase, ESGold plans to immediately advance into the next phase of mill circuit installation and commissioning. With permits in hand, infrastructure in place and funding secured, ESGold remains laser focused on achieving its dual-track strategy: near-term gold and silver production paired with district-scale exploration. ESGold will begin with reprocessing tailings. According to the company, the Montauban property presents a unique opportunity to transform legacy tailings into valuable resources using modern milling techniques while also restoring the environment ( The company plans to start at the Anacon Lead 1 tailings site, which will be reprocessed and fully remediated as part of ESGold's commitment to responsible mining. In addition, the company is evaluating four other tailings sites as potential sources of modern mill feed, maximizing resource efficiency and sustainability. ESGold's vision extends beyond reprocessing. The company believes that underlying hard-rock mineralization, previously mined, holds untapped potential. Through modern systematic exploration, the company plans to build a long-term resource base, ensuring a continuous supply of mill feed after tailings have been fully processed. ESGold projects initially processing 150,000 tonnes of ore annually, with expectations of scaling up to 300,000 tonnes. With that in mind, the company recently completed an internal review of its 2015 VTEM survey data and historic drill database, which confirms the presence of a large-scale geophysical anomaly in the southwestern portion of the Montauban project ( This area has not been drill tested, and ESGold has identified the zone as a high-priority target for future exploration. To validate this potential, ESGold is also finalizing a comprehensive 3D geological model, the first in the project's 110-year history. This model will integrate 2015 VTEM and TMI data; more than 950 historical drill holes and 18,000-plus Au, Ag and Zn assays; structural interpretation from geophysical and geological mapping; and data from an ANT (Ambient Noise Tomography) survey data. The ANT survey, which has been tested to 800 meters in imaging depth, is expected to provide key insight in determining the true scale and continuity of the southwestern anomaly, as well as additional zones of interest. "The southwest anomaly represents a technically interesting and previously untested zone at Montauban," said Kitchen. "While our primary focus remains on advancing toward near-term production, the evolving geophysical model and recent land expansion are beginning to reveal a much broader opportunity. With a growing dataset, disciplined exploration approach and a pathway to self-funded discovery, ESGold is well positioned to pursue both production and the longer-term potential of the Montauban system." Because ESGold's initial revenue is coming from tailings reprocessing, exploration isn't the only driver of valuation, it's the upside. That means the company can grow its resource base without being forced to finance through dilution at every drill stage, a rarity in the junior market. Committed to Sustainability Amid this forward momentum, ESGold remains constantly committed to clean-processing initiatives. The company recently reported results of testing that assessed the applicability of the Dundee Sustainable Technologies CLEVR Process(TM), a noncyanide, environmentally friendly, gold-recovery technology, on legacy tailings material from the Montauban Project ( The technology is designed to enhance recovery rates and minimize environmental impact, an approach that is solidly aligned with Quebec's strong support for mining innovation and sustainability. It also positions the company to benefit from government grants for clean extraction and remediation. Results of the testing indicate high gold-recovery potential using the CLEVR Process, with gold recovery of more than 90.9%, following an oxidation pretreatment process. The company noted that the results provide preliminary insights into the applicability of this technology at the Montauban Project. The company anticipates further studies to confirm economic feasibility. "We don't just talk about sustainability; we aggressively pursue it," Kitchen noted. "ESGold is advancing a cleaner future for mining by collaborating with industry leaders and academic institutions to transform extraction technologies. Our initiatives aim to balance environmental stewardship with economic returns, setting a new standard for mining innovation." Redefining the Future ES Gold joins an array of forward-thinking companies in the mining space dedicated to proving that sustainability and shareholder performance are not mutually exclusive. These industry leaders are integrating environmental stewardship with strong financial policies, innovative technology and savvy business strategies to set a new standard for the mining sector. BHP Group Limited (NYSE: BHP) just announced that it has established its first industry AI Hub ( The company noted that the hub is located in Singapore and is designed "to accelerate digital transformation and AI adoption in the mining and resources sector." The company said the hub will "focus on solving BHP enterprise-wide challenges using AI technologies to improve safety and lift productivity. Once established . . . the hub of BHP AI specialists will look at further integration of data-driven decisions, intelligence and automation into the company's core operations." Barrick Mining Corporation (NYSE: B) (TSX: ABX), a sector-leading gold and copper producer, just released its 2024 sustainability report, which reinforces the company's strong position in the mining space "by driving economic growth, enabling social progress and protecting the environment" ( Titled "Beyond the Horizon," the report provides an overview of the company's transformation from its 2019 merger "to becoming a leader in responsible mining, underscoring its commitment to sustainability-driven growth, community empowerment and environmental stewardship, focused on long-term value creation and measurable outcomes." Agnico Eagle Mines (NYSE: AEM), a Canadia-based and led senior gold mining company and the third largest gold producer in the world, recently completed the acquisition of 100% of the outstanding common shares of O3 Mining "pursuant to the amalgamation of O3 Mining and Agnico Eagle Abitibi Acquisition Corp., a wholly owned subsidiary of Agnico Eagle, making O3 Mining a wholly owned subsidiary of Agnico Eagle" ( O3 Mining is a gold explorer and mine developer in Québec, adjacent to Agnico Eagle's Canadian Malartic mine. Its principal asset is the Marban Alliance project, which the company has advanced over the last five years to the cusp of its next stage of development, with the expectation that the project will deliver long-term benefits to stakeholders ( Wheaton Precious Metals (NYSE: WPM), one of the world's premier precious metals streaming company, was named to this year's Corporate Knights' Global 100 Most Sustainable Corporations list ( The list recognizes companies that are focused on responsible behavior and sustainable revenue generation. "We are proud to be recognized for our commitment to excellence in ESG practices both in our own offices and alongside our mining partners, who have a strong track record in responsible mining," said Randy Smallwood, Wheaton president and CEO. "We have an incredible team at Wheaton and are advancing our work with mining partners to deliver the commodities our society needs." As global demand for critical resources, particularly gold, continues to rise, the need for responsible, effective mining practices has never been greater. The companies that successfully balance sustainability with strong shareholder returns are not only meeting today's challenges—they're shaping the future of the industry. For further information about ESGold Corporation, please visit ESGold Profile About NetworkNewsWire NetworkNewsWire ("NNW") is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge. For more information, please visit Please view full terms of use and disclaimers on the NNW website applicable to all content provided by NNW, wherever published or re-published: NetworkNewsWire is powered by IBN DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by NNW are solely those of NNW. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW for any investment decisions by their readers or subscribers. NNW is a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertakes no obligation to update such statements.
Globe and Mail
6 days ago
- Business
- Globe and Mail
ESGold Advances to Next Stage of Growth with Strategic Leadership Transition
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) ("ESGold" or the"Company") is pleased to announce a strategic leadership transition as part of the next phase of its growth strategy, with the Company accelerating construction and preparing for near-term production at its flagship Montauban Gold-Silver Project in Quebec. This transition is part of a broader plan developed in collaboration with the Board of Directors, positioning the Company for sustained growth and long-term value creation. ESGold confirms it is in advanced discussions to onboard a high-impact senior executive who will lead the Company into its next phase of growth and execution, with further updates expected in the coming weeks. With on-site construction now underway and a strong focus on executing its dual-track model—near-term tailings reprocessing and district-scale exploration—the Company is evolving its leadership structure to support the next phase of operational growth. "We are entering a new era at ESGold," said Paul Mastantuono, CEO of ESGold. "This step is part of our planned evolution as the Company advances toward becoming a cash-flowing gold and silver producer. As we move through final construction milestones and prepare for production, we remain committed to building a team and structure that reflect our ambitions and unlock value for shareholders." As part of this transition, the Company confirms that Brad Kitchen will no longer be serving as President of the Company. ESGold does not intend to appoint a replacement at this time. About ESGold Corp. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. ESGold's flagship Montauban property, located 80 kilometers west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential. For more information, please contact ESGold Corp. at +1-888-370-1059 or visit for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces. Stay connected by following us on X (formerly Twitter), LinkedIn, and joining our Telegram channel. On behalf of the Board of Directors ESGold Corp. "Paul Mastantuono" CEO & Director info@ +1-888-370-1059 Forward-Looking Statements: This news release includes forward-looking statements within the meaning of applicable securities laws. These statements are based on assumptions and expectations that involve a number of known and unknown risks and uncertainties. Actual results could differ materially. Forward-looking information includes statements regarding the expected use of proceeds, the development and construction timelines of the Montauban Project, future production, and anticipated project milestones. Investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking information contained in this release is qualified by these cautionary statements. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
