Latest news with #GeorgeMilling-Stanley
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
Analysts See 'Historic Dislocation' Between Gold Prices and Miner Valuations
USA News Group News Commentary Issued on behalf of RUA GOLD Inc. VANCOUVER, BC, June 6, 2025 /PRNewswire/ — USA News Group News Commentary – Gold mining stocks are still too cheap, according to analysts at JP Morgan. In their latest note, JP Morgan tentatively sees $4,100 per ounce gold prices for 2026, and based on that estimate foresees plenty of value in gold mining shares from larger producers all the way down the chain to small- and mid-cap companies. Analysts at Jefferies still think things are out of balance, pointing to a historic valuation gap, with many gold equities still priced as if bullion were stuck at $2,500 an ounce. As gold rises, other analysts are calling for a mining equities breakout, leading to extra attention on miners of all sizes, including RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF), 1911 Gold Corporation (TSXV: AUMB) (OTCBB: AUMBF), Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), and Seabridge Gold (NYSE: SA) (TSX: SEA). According to analysts at Goldman Sachs, it's the central banks acting as a driving purchasing force behind the current record-breaking gold bull market, accumulating roughly 80 metric tons of gold a month worth ~$8.5 billion at current prices. With all the global uncertainty and turbulence, it's no surprise to analysts like George Milling-Stanley from State Street Global Advisors that gold will continue to make sense for investors for its attributes and potential. RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) is advancing a portfolio of high-grade, district-scale gold projects in New Zealand—an emerging exploration hotspot with deep historical roots and modern infrastructure. The company recently announced new high-grade intercepts from its Cumberland project, including 1 metre at 26.9 g/t gold and another at 16.2 g/t, building on a previously returned 62.2 g/t gold, including a standout prior result of 1 metre at 1,911 g/t gold. These hits confirm the near-surface continuity of the Gallant vein system, which became RUA's first drill-tested target generated via VRIFY's AI-powered targeting platform. 'From the very first drill holes, we intersected significant, wide quartz veins hosting high-grade gold, confirming historical intercepts,' said Robert Eckford, CEO of RUA GOLD. 'This marks an exciting start, validating the effectiveness of the VRIFY AI targeting process and confirming near-surface mineralization with the potential to extend the envelope of known mineralization across a 2km structural zone.. It's a major step forward for our hub-and-spoke strategy in Reefton… The Gallant prospect represents the first VRIFY AI target that we have drilled so far. This structure is traceable on surface for over 600m and remains largely untested along strike and at depth.' Gallant sits just 3 km from the historic Globe Progress mine and features steeply dipping quartz veins up to 14 metres thick. Historic drill data from the area includes 20.7 metres of quartz with gold grades reaching 1,911 g/t near surface—highlighting the potential for a shallow, high-grade resource. RUA has now launched a follow-up program stepping 100 metres to the south, with assays pending. Beyond Gallant, RUA GOLD holds commanding control of the Reefton Goldfield, covering roughly 95% of a district that historically produced more than 2 million ounces of gold at grades between 9 and 50 g/t. The Auld Creek project continues to deliver encouraging results as well, with recent intercepts of 9.0 metres at 5.9 g/t gold equivalent and 1.25 metres at 48.3 g/t. Notably, only two of the four known mineralized shoots are currently included in the working model. Previous drilling has returned 12 metres at 12.2 g/t gold equivalent, including a 2-metre stretch at 54.8 g/t. Infographic – Auld Creek also hosts significant antimony mineralization—an increasingly strategic metal trading above US$50,000 per tonne. Surface samples have shown grades above 40% antimony, and drill holes have returned multiple intercepts over 8%. The New Zealand government's early 2025 declaration of antimony as a critical mineral further elevates the project's dual-metal value proposition. On the North Island, RUA GOLD is progressing its Glamorgan project in the Hauraki Goldfield, where a second surface campaign outlined three distinct gold-arsenic anomalies across a 4-kilometre corridor. Rock chip sampling returned up to 43 g/t gold, and CSAMT geophysical surveys identified resistive zones typical of quartz-rich vein systems. Drill access is in the final stages of approval, with targets prioritized through VRIFY's DORA AI engine. Backed by $5.75 million in capital and led by a leadership team with over $11 billion in past mining exits, RUA GOLD is aiming to uncover high-grade discoveries in underexplored terrain. With multiple active programs, AI-guided targeting, and a pipeline of assays and agreements on the horizon, the company is positioning itself as one of New Zealand's most advanced early-stage gold explorers heading into 2025. CONTINUED… Read this and more news for RUA GOLD at: In other industry developments and happenings in the market include: Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) recently intersected 7.0 metres grading 10.3 g/t gold equivalent (including 2.0 metres at 14.3 g/t AuEq) at its Wild Dog project in Papua New Guinea. 'The first drill results from our Phase 1 drill program at Wild Dog did not disappoint,' said Greg McCunn, CEO of Great Pacific Gold. 'We now have a drill rig on the ground, a highly experienced technical team, and the infrastructure support in place to explore the potential of this system.' The intercept came from WDG-02, drilled beneath a historic pit, confirming the presence of high-grade sulphide mineralization near surface. The current 2,500-metre drill campaign spans 16 planned holes across a 3-kilometre segment of a 15-kilometre target zone. Assays are pending from WDG-03, and hole WDG-04 is now in progress. 1911 Gold Corporation (TSXV: AUMB) (OTCBB: AUMBF) continues to expand its San Antonio West target at the True North project, returning standout grades such as 1.0 metre at 62.40 g/t gold and 2.1 metres at 8.81 g/t. 'These follow-up holes at the San Antonio West target show evidence of several shear structures and also higher grades as we extend drilling to depth,' said Shaun Heinrichs, CEO and President of 1911 Gold. 'The results continue to show another parallel ore shoot to the San Antonio Mine vein system, similar to what we are seeing on the San Antonio Southeast target.' The zone, hosted within the historically productive San Antonio gabbro, now shows gold mineralization across three parallel vein systems traced over 500 metres laterally and 260 metres vertically. The program supports the presence of a new ore shoot west of the historic San Antonio Mine, bridging toward the Cartwright resource. With 39 holes drilled to date and a 30,000-metre campaign planned, the company is prioritizing underground access and resource expansion. Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI) is advancing its Diamba Sud Project with fresh intercepts from the Southern Arc prospect, where drilling returned 13.6 meters at 8.6 g/t gold and 11.8 meters at 9.3 g/t. Infill drilling at nearby deposits also yielded high-grade intervals, such as 113.7 g/t gold over 6.4 meters at Area D and 28.8 meters at 3.0 g/t at Area A. 'Our exploration work at Diamba Sud continues to yield strong results, particularly from areas with limited historical drilling,' said Paul Weedon, Senior Vice President of Exploration at Fortuna Mining Corp. 'These results further reinforce the project's potential for near-term resource growth.' Exploration remains active across several zones, including Moungoundi and Western Splay, where mineralization appears open along strike and at depth. All results will be included in the next resource update. Seabridge Gold (NYSE: SA) (TSX: SEA) has begun drilling at Snip North, a new copper-gold porphyry discovery at its Iskut Project in northwest British Columbia. 'Last year's discovery at Snip North has given us clear direction on where to focus to deliver new resources in this year's program,' said Rudi Fronk, Chairman and CEO of Seabridge Gold. 'We are also targeting the source intrusion for this prospective resource which we expect to be rooted in a district-scale structural trend, named the Bronson Trend.' The company plans to complete 8,000 metres of core drilling using three helicopter-portable rigs, targeting a maiden resource estimate and deeper source intrusions. Exploration will also assess other porphyry prospects within the district-scale Bronson Trend, where recent geophysics and mapping indicate multiple mineralized systems. The $13.4 million program builds on last year's success and reflects Seabridge's broader strategy to uncover large-scale porphyry systems beyond KSM. Article Source: CONTACT: USA NEWS GROUPinfo@ 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ('MIQ'). This article is being distributed for media corp, who has been paid a fee for an advertising contract with RUA Gold Inc. (forty five thousand dollars Canadian for a three month contract subject to the terms and conditions of the agreement from the company direct). MIQ has not been paid a fee for RUA Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ('BAY') There may also be 3rd parties who may have shares of RUA Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of RUA Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of RUA Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by RUA Gold Inc. Technical information relating to RUA GOLD Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of RUA GOLD Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of RUA Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. Logo – View original content:
Cision Canada
6 days ago
- Business
- Cision Canada
Analysts See 'Historic Dislocation' Between Gold Prices and Miner Valuations
Issued on behalf of RUA GOLD Inc. VANCOUVER, BC, June 6, 2025 /CNW/ -- USA News Group News Commentary – Gold mining stocks are still too cheap, according to analysts at JP Morgan. In their latest note, JP Morgan tentatively sees $4,100 per ounce gold prices for 2026, and based on that estimate foresees plenty of value in gold mining shares from larger producers all the way down the chain to small- and mid-cap companies. Analysts at Jefferies still think things are out of balance, pointing to a historic valuation gap, with many gold equities still priced as if bullion were stuck at $2,500 an ounce. As gold rises, other analysts are calling for a mining equities breakout, leading to extra attention on miners of all sizes, including RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF), 1911 Gold Corporation (TSXV: AUMB) (OTCBB: AUMBF), Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), and Seabridge Gold (NYSE: SA) (TSX: SEA). According to analysts at Goldman Sachs, it's the central banks acting as a driving purchasing force behind the current record-breaking gold bull market, accumulating roughly 80 metric tons of gold a month worth ~$8.5 billion at current prices. With all the global uncertainty and turbulence, it's no surprise to analysts like George Milling-Stanley from State Street Global Advisors that gold will continue to make sense for investors for its attributes and potential. RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) is advancing a portfolio of high-grade, district-scale gold projects in New Zealand—an emerging exploration hotspot with deep historical roots and modern infrastructure. The company recently announced new high-grade intercepts from its Cumberland project, including 1 metre at 26.9 g/t gold and another at 16.2 g/t, building on a previously returned 62.2 g/t gold, including a standout prior result of 1 metre at 1,911 g/t gold. These hits confirm the near-surface continuity of the Gallant vein system, which became RUA's first drill-tested target generated via VRIFY's AI-powered targeting platform. "From the very first drill holes, we intersected significant, wide quartz veins hosting high-grade gold, confirming historical intercepts," said Robert Eckford, CEO of RUA GOLD. "This marks an exciting start, validating the effectiveness of the VRIFY AI targeting process and confirming near-surface mineralization with the potential to extend the envelope of known mineralization across a 2km structural zone.. It's a major step forward for our hub-and-spoke strategy in Reefton… The Gallant prospect represents the first VRIFY AI target that we have drilled so far. This structure is traceable on surface for over 600m and remains largely untested along strike and at depth." Gallant sits just 3 km from the historic Globe Progress mine and features steeply dipping quartz veins up to 14 metres thick. Historic drill data from the area includes 20.7 metres of quartz with gold grades reaching 1,911 g/t near surface—highlighting the potential for a shallow, high-grade resource. RUA has now launched a follow-up program stepping 100 metres to the south, with assays pending. Beyond Gallant, RUA GOLD holds commanding control of the Reefton Goldfield, covering roughly 95% of a district that historically produced more than 2 million ounces of gold at grades between 9 and 50 g/t. The Auld Creek project continues to deliver encouraging results as well, with recent intercepts of 9.0 metres at 5.9 g/t gold equivalent and 1.25 metres at 48.3 g/t. Notably, only two of the four known mineralized shoots are currently included in the working model. Previous drilling has returned 12 metres at 12.2 g/t gold equivalent, including a 2-metre stretch at 54.8 g/t. Infographic - Auld Creek also hosts significant antimony mineralization—an increasingly strategic metal trading above US$50,000 per tonne. Surface samples have shown grades above 40% antimony, and drill holes have returned multiple intercepts over 8%. The New Zealand government's early 2025 declaration of antimony as a critical mineral further elevates the project's dual-metal value proposition. On the North Island, RUA GOLD is progressing its Glamorgan project in the Hauraki Goldfield, where a second surface campaign outlined three distinct gold-arsenic anomalies across a 4-kilometre corridor. Rock chip sampling returned up to 43 g/t gold, and CSAMT geophysical surveys identified resistive zones typical of quartz-rich vein systems. Drill access is in the final stages of approval, with targets prioritized through VRIFY's DORA AI engine. Backed by $5.75 million in capital and led by a leadership team with over $11 billion in past mining exits, RUA GOLD is aiming to uncover high-grade discoveries in underexplored terrain. With multiple active programs, AI-guided targeting, and a pipeline of assays and agreements on the horizon, the company is positioning itself as one of New Zealand's most advanced early-stage gold explorers heading into 2025. In other industry developments and happenings in the market include: Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) recently intersected 7.0 metres grading 10.3 g/t gold equivalent (including 2.0 metres at 14.3 g/t AuEq) at its Wild Dog project in Papua New Guinea. "The first drill results from our Phase 1 drill program at Wild Dog did not disappoint," said Greg McCunn, CEO of Great Pacific Gold. "We now have a drill rig on the ground, a highly experienced technical team, and the infrastructure support in place to explore the potential of this system." The intercept came from WDG-02, drilled beneath a historic pit, confirming the presence of high-grade sulphide mineralization near surface. The current 2,500-metre drill campaign spans 16 planned holes across a 3-kilometre segment of a 15-kilometre target zone. Assays are pending from WDG-03, and hole WDG-04 is now in progress. 1911 Gold Corporation (TSXV: AUMB) (OTCBB: AUMBF) continues to expand its San Antonio West target at the True North project, returning standout grades such as 1.0 metre at 62.40 g/t gold and 2.1 metres at 8.81 g/t. "These follow-up holes at the San Antonio West target show evidence of several shear structures and also higher grades as we extend drilling to depth," said Shaun Heinrichs, CEO and President of 1911 Gold. "The results continue to show another parallel ore shoot to the San Antonio Mine vein system, similar to what we are seeing on the San Antonio Southeast target." The zone, hosted within the historically productive San Antonio gabbro, now shows gold mineralization across three parallel vein systems traced over 500 metres laterally and 260 metres vertically. The program supports the presence of a new ore shoot west of the historic San Antonio Mine, bridging toward the Cartwright resource. With 39 holes drilled to date and a 30,000-metre campaign planned, the company is prioritizing underground access and resource expansion. Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI) is advancing its Diamba Sud Project with fresh intercepts from the Southern Arc prospect, where drilling returned 13.6 meters at 8.6 g/t gold and 11.8 meters at 9.3 g/t. Infill drilling at nearby deposits also yielded high-grade intervals, such as 113.7 g/t gold over 6.4 meters at Area D and 28.8 meters at 3.0 g/t at Area A. "Our exploration work at Diamba Sud continues to yield strong results, particularly from areas with limited historical drilling," said Paul Weedon, Senior Vice President of Exploration at Fortuna Mining Corp."These results further reinforce the project's potential for near-term resource growth." Exploration remains active across several zones, including Moungoundi and Western Splay, where mineralization appears open along strike and at depth. All results will be included in the next resource update. Seabridge Gold (NYSE: SA) (TSX: SEA) has begun drilling at Snip North, a new copper-gold porphyry discovery at its Iskut Project in northwest British Columbia. "Last year's discovery at Snip North has given us clear direction on where to focus to deliver new resources in this year's program," said Rudi Fronk, Chairman and CEO of Seabridge Gold. "We are also targeting the source intrusion for this prospective resource which we expect to be rooted in a district-scale structural trend, named the Bronson Trend." The company plans to complete 8,000 metres of core drilling using three helicopter-portable rigs, targeting a maiden resource estimate and deeper source intrusions. Exploration will also assess other porphyry prospects within the district-scale Bronson Trend, where recent geophysics and mapping indicate multiple mineralized systems. The $13.4 million program builds on last year's success and reflects Seabridge's broader strategy to uncover large-scale porphyry systems beyond KSM. CONTACT: [email protected] (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for media corp, who has been paid a fee for an advertising contract with RUA Gold Inc. (forty five thousand dollars Canadian for a three month contract subject to the terms and conditions of the agreement from the company direct). MIQ has not been paid a fee for RUA Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ("BAY") There may also be 3rd parties who may have shares of RUA Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of RUA Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of RUA Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by RUA Gold Inc. Technical information relating to RUA GOLD Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of RUA GOLD Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of RUA Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Cision Canada
05-06-2025
- Business
- Cision Canada
Gold Miners Lag the Bullion Boom -- But Not for Long, Say Wall Street Analysts
Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC, June 5, 2025 /CNW/ -- Equity Insider News Commentary – Goldman Sachs analysts say central banks are driving the current gold bull market by purchasing roughly 80 metric tons per month — the equivalent of $8.5 billion at today's prices. With ongoing geopolitical instability and economic uncertainty, analysts like George Milling-Stanley of State Street Global Advisors argue that gold remains a compelling hedge. As bullion pushes toward new highs, momentum is starting to shift toward mining equities as well. A growing number of investors are now eyeing gold stocks like Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU), Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF), Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV), and IAMGOLD Corporation (NYSE: IAG) (TSX: IMG). Despite the price surge in physical gold, Jefferies analysts note that many miners are still trading at historically low valuations — as if gold were stuck at $2,500 an ounce or lower. That disconnect, they say, may not last much longer. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is an emerging gold developer advancing a suite of development -stage assets in Tanzania, one of East Africa's most geologically prospective regions. With multiple project catalysts now in motion, the company is gaining attention as a junior to watch. A key near-term focus is its planned 3,000-meter reverse circulation (RC) drill program at Ngula 1, part of the larger Tembo Project located adjacent to Barrick's high-grade Bulyanhulu mine. Ngula 1 has already returned notable historical intercepts, including 28.57 g/t gold over 3 meters and 17.23 g/t over 4 meters. The current 45-hole campaign is targeting near-surface mineralization that could potentially support toll milling at a nearby third-party facility. If the program meets expectations, it may pave the way for a streamlined, low-capex production pathway leveraging local infrastructure. "This drilling campaign is part of our broader strategy to unlock the long-term value at Tembo," said Simon Benstead, Executive Director of Lake Victoria Gold. "While the near-surface potential at Ngula 1 presents an exciting opportunity for near-term production and cash flow, it also serves a larger purpose—supporting a non-dilutive path toward what we believe is a district-scale gold system. We're leveraging strategic infrastructure and partnerships to advance exploration while staying disciplined on capital allocation." In parallel with its drilling efforts, Lake Victoria Gold is advancing a proposed processing arrangement through a non-binding letter of intent (LOI) with Nyati Resources. Under the current framework, mineralized material from LVG's Mining Licences would be trucked to Nyati's 120-tonne-per-day processing plant, with an option to scale operations into a new 500-tpd facility which is expected to be commissioned in the coming months. To support the initiative, Nesch Mintech Tanzania has been brought in to assess the plant's readiness, evaluate metallurgical performance, and outline any necessary upgrades to support production goals. "Engaging Nesch Mintech at this stage ensures we bring third-party rigour and transparency to the commissioning process, which is fundamental to assessing the Nyati opportunity," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We are excited by the potential to leverage existing processing infrastructure and local ore sources to create a scalable gold production platform in Tanzania." If proven viable, the proposed partnership could help advance Lake Victoria Gold's strategy of building a lean, capital-efficient gold operation. On-site processing may unlock early cash flow while also yielding critical geological data to refine future exploration. Though factors such as metallurgy, grade consistency, and permitting will need to be closely managed and always present risks, the phased structure provides a flexible alternative to conventional, high-cost development models. "Tembo has always stood out as a project with the potential to deliver both near-term value and long-term discovery upside," said Benstead. "Evaluating this small-scale development opportunity allows us to test the system, generate operational insights, and potentially self-fund ongoing exploration." Both the Ngula 1 drill campaign and the proposed Nyati processing partnership are part of Lake Victoria Gold's broader Tembo Project — a high-potential gold district that has already seen over US$28 million in exploration spending and more than 50,000 meters of drilling. Key zones like Nyakagwe Village and Nyakagwe East remain open along strike and at depth, with only a small portion of mapped structures drilled to date. This leaves considerable room for further discovery. Tembo is also anchored by a tier-one relationship: a milestone-driven contingent payment agreement with Barrick Mining Corp., valued at up to US$45 million depending on exploration outcomes. The deal reflects shared confidence that Tembo may host a district-scale gold system with long-term development potential. While Tembo remains the flagship, the most advanced asset in LVG's portfolio is Imwelo — a fully permitted gold project located near AngloGold Ashanti's Geita Mine. Imwelo is supported by a 2021 Pre-Feasibility Study and stands out as a strong candidate for phased development. To help fund its advancing strategy, Lake Victoria Gold has secured multiple non-dilutive financing channels. A gold prepay agreement with Monetary Metals allows the company to draw on the cash value of up to 7,000 ounces tied to future production. Separately, a C$3.52 million investment from Taifa Group — part of a larger C$11.52 million multi-stage financing — has further strengthened the company's balance sheet. As part of that transaction, former Taifa CEO Richard Reynolds joined the board, bringing valuable in-country operating experience. With drill rigs soon turning at Ngula 1, plant evaluations underway, and capital sources secured, Lake Victoria Gold is steadily positioning itself for a transition into production. Its development strategy is incremental by design — focused on limiting upfront capital exposure, unlocking early-stage returns, and using those gains to accelerate exploration. In an industry often dominated by high-cost development paths, LVG is charting a different course — one that offers potential for lower-risk, modular growth in a proven gold district. In other industry developments and happenings in the market include: i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU) has closed its previously announced US$11.1 million concurrent private placement, issuing 22.24 million units priced at US$0.50 each. This follows a US$173 million bought deal financing that closed earlier in May, bringing total gross proceeds to approximately US$184 million. The capital will be used to support the company's Nevada-focused development plan and broader recapitalization strategy. "At Granite Creek Underground, i-80 Gold's first gold project to ramp up, we are making good progress in our dewatering efforts, addressing groundwater inflows by enhancing our pumping capacity and upgrading the water treatment infrastructure," stated Richard Young, President and CEO of i-80 Gold. "These improvements should allow us to ramp-up to steady state of gold output in the second half of 2025." Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) produced 33,252 ounces of gold during Q1 2025 at an AISC of $1,286 per ounce and sold 32,076 ounces at $2,068 per ounce, generating $19.2 million in operating cash flow. "We are pleased with the strong start to 2025 with solid production and cost performance in Q1," said Patrick Downey, President and CEO of Orezone Gold. "We remain on track to deliver our 2025 production and cost guidance while progressing key initiatives including the grid power connection and Bomboré expansion drilling." Orezone maintained its full-year production guidance and expects major cost reductions once the Phase III grid connection is completed in Q3. Meanwhile, expansion drilling at Bomboré delivered promising near-mine results to support future growth. Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) has acquired a cornerstone royalty on the Côté Gold Mine, operated by IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) and Sumitomo, for $1.05 billion in cash. "We are pleased to add this new cornerstone gold royalty to our extensive portfolio in Ontario," said Paul Brink, President & CEO of Franco-Nevada. "Their team has developed an excellent new operation with an extensive Resource endowment that has high potential to continue expanding." The 7.5% gross margin royalty covers nearly the entire resource base and is expected to generate $67 million annually at IAMGOLD's midpoint production guidance and a $3,200 gold price. Franco-Nevada praised the modern design and expansion potential of the Côté operation, which includes autonomous equipment and potential mill capacity growth to 20 Mtpa. "We are pleased to welcome our new partner Franco-Nevada to the Côté Gold Mine as we continue to ramp up one of Canada's largest and longest-life gold mines," said Renaud Adams, President and CEO of IAMGOLD. "The value upside of the Côté Gold Mine is further supported by the rapidly growing Gosselin zone which we intend to incorporate into an updated mine plan next year." As part of the deal, IAMGOLD and Sumitomo may repurchase up to 50% of the royalty in two tranches. Franco-Nevada will fund the transaction with existing capital and continues to generate $275–$300 million in quarterly free cash flow. Equity Insider [email protected] (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. is owned by Media Corp. ("BAY"). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of "BAY" reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. 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Miami Herald
03-06-2025
- Business
- Miami Herald
Veteran strategist unveils updated gold price forecast
Nervous investors have flocked to gold as a safe haven against inflation, geopolitics, and, most recently, tariff turmoil, and they have been well-paid for their move this year. Now, those same investors are anxious about whether the precious metal's run can continue. Gold is up nearly 30% this year, after gaining more than 25% in 2024; it's up 44% over the last 12 months. The three-year annualized average return on gold, as measured by SPDR Gold Shares (GLD) , is 21.4%, well above its historic averages; from 1971 to 2024, the annualized return on the shiny stuff was just under 8%. Great runs like this don't last forever, so fearing a regression to the mean is normal. Calm the nerves; one of the world's leading gold strategists says record price levels will be broken regularly through the end of the year. Related: Veteran analyst who predicted gold prices would rally offers a blunt new forecast George Milling-Stanley, chief gold strategist for State Street Global Advisors, said in a recent interview on "Money Life with Chuck Jaffe" that gold will continue to make sense for investors for its attributes and potential. "We still have a lot of geopolitical turbulence, and gold historically has tended to perform well during periods of geopolitical turmoil," said Milling-Stanley. Milling-Stanley has spent some five decades overseeing gold's fit into investment portfolios and helped develop GLD, the world's first gold-backed ETF. Clearly, he knows a thing or two about the yellow metal. "We still don't know where we stand with interest rates. … We don't know what the outcome of that is going to be. We still have an enormous amount of uncertainty on the macroeconomic front, as well as geopolitical shock. "When faced with uncertainty," Milling-Stanley added, "I've always turned to gold in the past and I think it's served me well." Gold's run-up over the last few years has coincided with higher inflation, but that hasn't fueled the run, according to Milling-Stanley. He says it only serves the role of an inflation hedge when the economy is "suffering sustained high inflation," which he defines as two or more years when prices rise persistently by 5% or more. That hasn't happened since the 1970s, so even if price hikes continue at their current pace-higher than the Fed's 2% target-gold isn't likely to respond to inflation. Related: Veteran fund manager sends surprising message on the weak dollar It's the uncertainty that Milling-Stanley says gives gold more upside potential than downside risk. "The higher the uncertainty, the higher the upper limit," he explained, noting that emerging tariff policies and the pall they've cast on global markets have forced the team at State Street to revise forecasts made last December, intended to last the whole of 2025, several times already. "I guess the most important thing to say is it looks very much as if we've established a new floor in the gold price, somewhere above $3,000 an ounce," Milling-Stanley explained. "The floor last year was at $2,000 an ounce. That is a huge leap. With a new floor in place-gold didn't sustain a breach of the $2,000 level until February 2024 but has been higher ever since-and with the huge gains in the last 12 months, Milling-Stanley said he would not be surprised or even disappointed if gold consolidated a bit, trading in the $3,000 to $3,500 range for a while, simply holding value if market turmoil causes other asset values to drop. But, he noted, "our bullish case suggests that we could actually take out whatever resistance is available at the $3,500 area, and possibly even trade as high as $3,900." By that best-case forecast, gold would gain more than 15% from current levels, on top of its huge gains of the last two years. While price performance has been glitzy, Milling-Stanley noted that a gold allocation makes sense in most portfolios for its non-glamorous, protective attributes: Related: Rich Dad Poor Dad author makes surprising silver, gold price forecast Diversification, thanks to "a zero relationship" to the movement of both stocks and from stock market calamity. Milling-Stanley isn't predicting disaster, but said that macroeconomic uncertainties make it impossible to eliminate the potential for something catastrophic. "If you look at, Black Monday in 1987, if you look at the bursting of the bubble in 2001-2002, you look at the global financial crisis of 2008, you look at the advent of Covid in 2020, equities took a significant downturn and gold performed very, very well," Milling-Stanley said. Milling-Stanley notes that gold's momentum hasn't carried over to gold miners; he favors owning the physical metal, particularly because of concerns about market swings. Miners historically have sharply underperformed metals in big downdrafts. Gold typically holds up against weakness in the dollar. The value of the dollar is off roughly 9% this year, and it lost about 4.5% in the wake of the Liberation Day tariff protection in the unlikely event that tariff policies hit home harder and longer than anticipated with the Fed losing control on price hikes. "I think people are still looking to gold for its protective attributes, rather than necessarily hoping that the price will go up so they can sell at a profit tomorrow or next week," Milling-Stanley said. Still, he acknowledged that those timeless attributes shine brighter when attached to gold's enhanced profit potential now. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
16-04-2025
- Business
- Yahoo
Gold price today, Wednesday, April 16, 2025: Gold opens with new high
Gold (GC=F) futures opened at $3,248.40 an ounce on Wednesday, up from Tuesday's close of $3,218.70. Gold's highest opening price in history follows ongoing uncertainty about changing U.S. tariff policies and the U.S. inflation outlook. As the U.S. economy settles into 10% and higher tariffs on all imports, some businesses are already raising prices or adding tariff-related surcharges. Meanwhile, consumers are stocking up on cars, electronics, and other in-demand products ahead of potential further tariff hikes. Rising inflation risk has historically been good for gold prices, as many consider the precious metal an effective inflation hedge. The gold futures opening price of $3,248.40 an ounce on Wednesday is almost 1% higher than Tuesday's closing price of $3,218.70. In the past month, gold is up more than 8% from its opening price of $2,994.40 on March 14. Over the past year, gold has gained more than 36% from its opening price of $2,384 on April 16, 2024. Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria. If you want to invest in gold but don't want to deal with safely storing physical gold, State Street Global Advisors chief gold strategist George Milling-Stanley told Yahoo Finance that gold ETFs are a great option. 'I think it's important to remember that ETFs are physical gold,' said Milling-Stanley. 'But the only difference between the ETFs and actually owning bars and coins is that you don't have physical possession of the gold that backs gold ETFs. Somebody else looks after that. And that is actually an advantage for an awful lot of investors who see problems with, well, how do I custody this, where do I keep it, do I insure it, do I bury it in the backyard, put it in a safe, what do I do with it?' Gold ETFs are funds that invest in gold mining stocks or physical gold. Their advantages include: Easy to store. Like gold mining stocks, ETF shares are essentially digital assets with no storage requirements. Greater liquidity. Shares of the most popular gold ETFs, like SPDR Gold Shares ($GLD), are heavily traded which implies good liquidity. Tied directly to gold prices. ETFs backed by physical gold can be less volatile than gold mining stocks or gold mining ETFs. Two disadvantages of gold-backed ETFs over physical gold are: Fund fees. Funds charge fees, which dilute returns over time. For context, the expense ratio of SPDR Gold Shares is 0.40%. This translates to $4 in fees annually for every $1,000 invested. No utility as a medium of exchange. As with gold mining stocks, you probably cannot use ETF shares to trade for food in an economic emergency. Learn more: How to invest in gold in four steps Whether you're tracking the price of gold since last month or last year, the price-of-gold charts below show the precious metal's steady upward climb in value. Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years. In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage. The precious metal has been in the news lately and many analysts are bullish on gold. In February, Goldman Sachs expected gold to gain another 8% in 2025, after surging more that 40% in 2024. It's already blown past that 8% mark. Worries about tariffs and their impact on the U.S. economy are a primary factor. If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
