Latest news with #LakeVictoria
The Irish Sun
21-07-2025
- Sport
- The Irish Sun
Aidan O'Brien may be forced to retire ‘superstar' millionaire horse as he's hit by crushing triple whammy of injuries
A 'SUPERSTAR' Aidan O'Brien horse may have run her final race - as the iconic trainer handles a crushing triple whammy of injuries. Lake Victoria, who has won more than £1million, has lost just once in her short career, when sixth in the 1,000 Guineas last May. Advertisement 1 Awesome Aidan O'Brien filly Lake Victoria may be forced to retire after picking up an injury Credit: Getty She roared back to life with a simple victory in the Irish 1,000 later that month but hasn't been seen since. O'Brien said in an interview with Sun Racing's Matt Chapman on ITV that she could be 'retired altogether'. That cruel blow comes at the same time huge doubts have surfaced over Albert Einstein and Charles Darwin. O'Brien has never hid his admiration for his Marble Hill Stakes winner Albert Einstein, saying he is 'as fast a horse as we have ever seen'. Advertisement But the two-year-old colt was forced to miss Royal Ascot when favourite for the Coventry. Charles Darwin kept the Ballydoyle flag flying with victory in the Norfolk and is currently 9-4 favourite for the Nunthorpe at York's Ebor Festival next month. But O'Brien said he too recently suffered a setback and may not be seen again until next season. O'Brien said: "Lake Victoria is not back in exercise. She's doing well physically but she's not back in work yet. Advertisement Most read in Horse Racing "She might be left alone until next year or retired altogether. "Those are the decisions that will be made as the weeks go by. "Albert Einstein, we probably won't see again this year. "Because he was so special - from the time we first started working him he was always head and shoulders above everything else. Advertisement "Everyone was aware of that and I know the way the lads think, usually, they won't want to take any chances whatsoever with him." While in a separate interview with Racing TV, O'Brien said of Charles Darwin: "He has to come back. He had a little setback as well. "We've had to ease off after hurting his foot. "He's a big horse and those type of horses, after having two or three runs, they're educated for next year. Advertisement "If you come back and run them, fine, but if you don't, after those two or three runs, it's no problem really." O'Brien still has a squad of monsters to unleash over the coming weeks. Coronation Cup winner Jan Brueghel is all set for a blockbuster rematch with Calandagan in Saturday's King George at Ascot. Illinois is being prepared for next week's Goodwood Cup - where he could be joined by awesome Bahrain Trophy winner Scandinavia. Advertisement Henri Matisse is set to take on Field Of Gold in the Sussex Stakes at Goodwood. Whirl will clash with See The Fire in the Nassau at the same festival. While, looking ahead to York next month, breathtaking Coral-Eclipse winner Delacroix is set for round two with Ombudsman in the Juddmonte. FREE BETS - GET THE BEST SIGN UP DEALS AND RACING OFFERS Commercial content notice: Taking one of the offers featured in this article may result in a payment to The Sun. You should be aware brands pay fees to appear in the highest placements on the page. 18+. T&Cs apply. . Remember to gamble responsibly A responsible gambler is someone who: Advertisement Read more on the Irish Sun Establishes time and monetary limits before playing Only gambles with money they can afford to lose Never chases their losses Doesn't gamble if they're upset, angry or depressed Gamcare – Gamble Aware – Find our detailed guide on responsible gambling practices here.
RTÉ News
19-07-2025
- Sport
- RTÉ News
Lake Victoria future uncertain, says Aidan O'Brien
Aidan O'Brien has revealed his Irish 1,000 Guineas heroine Lake Victoria may not run again. The Frankel filly enjoyed a faultless juvenile campaign, winning each of her five starts including Group One strikes in the Moyglare Stud Stakes, the Cheveley Park and at the Breeders' Cup. Following an interrupted preparation she could finish only sixth on her return to action in the 1000 Guineas at Newmarket, and while she bounced back to her best with a brilliant display in the Irish equivalent, she was subsequently ruled out of Royal Ascot and has not yet returned to work. O'Brien - who is weighing up whether to run Jan Brueghel and/or dual Derby winner Lambourn in the King George at Ascot next weekend - said of Lake Victoria in an interview with ITV Racing: "She is not back in exercise yet. She's doing very well physically, but she's not back in work yet. "John (Halley, vet) will make the decision on whether she comes back into work for this year or is left alone until next year or is retired altogether. They'll be decisions that will be made as weeks go by." The Ballydoyle handler also confirmed his Coral-Eclipse first and fourth Delacroix and Camille Pissarro are both being trained for next month's Juddmonte International at York, despite bookmaker support prompting speculation the former could drop back to a mile for a clash with Field Of Gold in Goodwood's Sussex Stakes. With the highly touted Albert Einstein "probably not" going to run going to run again this season, O'Brien's juvenile team for the second half of the season is set to be led by Coventry Stakes winner Gstaad, who has several Group One options coming up. O'Brien added: "Gstaad is very well, he's come out of the Coventry very well. We're thinking he could be a Heinz (Phoenix Stakes) horse, he could take in Deauville (Prix Morny) and he could take in the National Stakes and he could end up being a Dewhurst horse at the end."
Yahoo
03-07-2025
- Business
- Yahoo
Lake Victoria Gold to Issue Shares to Pay Debenture Interest
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") announces that under the terms of the $750,000 of convertible debentures issued on July 26, 2024 and August 8, 2024, it has elected to satisfy its obligation to pay an aggregate of $44,630 in interest accrued on the convertible debentures up to June 30th 2025 by issuing to such debenture holders an aggregate of 228,872 common shares in the capital of the Company (the "Shares") at a price of $0.195 per Share, as determined in accordance with the debenture terms. The issuance of the Shares is subject to the approval of the TSX Venture Exchange. The Company is also pleased to confirm that, further to news release of May 1, 2025 the exclusivity period under the May 1, 2025 Letter of Intent with Nyati Resources (T) Limited has been extended by an additional 45 days to allow both parties to complete due diligence and finalize definitive joint venture agreements. About Lake Victoria Gold (LVG):Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX Venture Exchange under the symbol LVG. Leveraging our unique position and experience, the Company is principally focused on growth and consolidation in the highly prolific and prospective Lake Victoria Goldfield in Tanzania. The Company has a 100% interest in the Tembo project which has over 50 thousand meters of drilling and is located adjacent to Barrick's Bulyanhulu Mine. The Company also holds a 100% interest in the Imwelo Project which is a fully permitted gold project west of AngloGold Ashanti's Geita Gold Mine. With historical resource estimates and a 2021 pre-feasibility study, the project is fully permitted for mine construction and production, positioning it as a near-term development opportunity. LVG has assembled a highly experienced team with a track record of developing, financing, and operating mining projects in Africa with management, directors and partners owning more than 60% of the shares. Notably, the Company is grateful for the validation that comes with the support and equity investment from Barrick and recent strategic partnership with Taifa Group. On Behalf of the Board of Directors of the Company, Simon BensteadExecutive Chairman & CFOPhone: +1 604-685-9316Email: sbenstead@ For more information, please contact: Simon BensteadExecutive Chairman & CFOPhone:+ 1 604-685-9316Email: sbenstead@ Marc CernovitchCEO & DirectorPhone: +1 604-685-9316Email: mcernovitch@ NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. Cautionary Statement Regarding Forward-Looking InformationThis news release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation, including: the completion of transaction and obtaining regulatory approval for the transaction. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond LVG's control, including risks associated with or related to: receipt of all regulatory approvals; the state of financing availability; the volatility of metal prices and LVG's common shares; actual exploration or development plans and costs differing materially from the Company's estimates; and other risks disclosed in the Company's public filings. LVG's forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. LVG does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities LVG will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements. To view the source version of this press release, please visit 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
Globe and Mail
26-06-2025
- Business
- Globe and Mail
The Smart Money Case for Gold Stocks Is Getting Harder to Ignore
Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – News Commentary – Gold is back in the spotlight as major banks ramp up their bullish forecasts, with Bank of America recently projecting a surge to $4,000 per ounce. Unlike past predictions tied to geopolitical risk, BoA now points to America's mounting debt load as the core catalyst. Commerzbank shares a similar outlook, noting that gold's recent move past $3,400 could be just the beginning. With multiple analysts now expecting a continued run, many believe mining stocks are still lagging far behind bullion's trajectory. Among those attracting renewed investor attention are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Integra Resources Corp. (TSXV: ITR) (NYSE-American: ITRG), New Found Gold Corp. (TSXV: NFG) (NYSE-American: NFGC), Rio2 Limited (TSXV: RIO) (OTCQX: RIOFF), and IAMGOLD Corporation (NYSE: IAG) (TSX: IMG). State Street Global Advisors continues to view gold as a strategic asset, highlighting both its staying power and upside potential. Jefferies analysts, meanwhile, believe the market hasn't caught up—arguing that many gold equities still trade as if bullion were stuck at $2,500, even as prices push well beyond that level. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is accelerating its push toward potential near-term production with the launch of a 7,750-meter drill program at Area C, the highest-grade zone within its fully permitted Imwelo Gold Project in northwestern Tanzania. Designed to support final mine planning and de-risk initial pit design, the campaign targets both grade control and deeper extensions to help shape what could become the project's first open-pit operation. 'We've designed this program to maximize Imwelo's short-term production readiness while extending the upside case,' said Marc Cernovitch, President and CEO of Lake Victoria Gold. 'The drill data will help us finalize early mine scheduling, validate pit design, and potentially unlock high-grade extensions. With Area C now fully defined as our initial production zone, we're making meaningful progress toward becoming Tanzania's next gold producer.' The program includes 3,750 meters of RC drilling on a tightly spaced 10x10 metre grid to define early-stage ore/waste boundaries, supported by another 4,000 meters of strike and depth extension drilling. Intercepts to date from Area C include 6.8 meters at 14.6 g/t gold and 2 meters at 7.5 g/t—results that have positioned it as a compelling starting point within the broader resource footprint. Completion is targeted for Q3 2025, with construction decisions expected to follow based on final engineering and economic evaluations. 'We've optimized this program to deliver multiple layers of value—from detailed grade control to geotech validation and deeper exploration,' said Seth Dickinson, P. Eng., Chief Operating Officer of Lake Victoria Gold. 'The step-out and depth targets are especially compelling given the structural complexity we've seen to the west. The team is focused on accelerating toward a clean construction start with maximum technical confidence.' Imwelo is located just 12 kilometers from AngloGold Ashanti's Geita Mine and sits atop the Geita Greenstone Belt, one of Tanzania's most productive gold terrains. The project holds a 10-year mining license and is backed by a 2021 prefeasibility study outlining a scalable, low-capex development plan. With recoveries above 90% and contractor support from Taifa Mining —Tanzania's largest mining services group—the company is now advancing preparations to support a potential construction decision. In parallel, Lake Victoria Gold continues to advance its high-priority Tembo Project, where a 3,000-meter drill program is planned at Ngula 1. This near-surface target has returned past intercepts of 28.57 g/t gold over 3 meters and 17.23 g/t over 4 meters. The current work is focused on confirming toll-milling potential while expanding geological understanding across the broader structural corridor—located adjacent to Barrick's Bulyanhulu Mine. Barrick's Bulyanhulu (Buly) joint venture is quietly building shareholder exposure to potential long-term upside. Barrick and its partner (the Government of Tanzania) have now completed over 21,600 meters of drilling across six non-core licenses acquired from LVG in 2021—having already spent more than US$5.56 million out of a US$9 million commitment. This is all part of Buly's commitment that was made as part of the Asset Purchase Agreement (APA) signed in December 2021, under which Buly acquired six non-core prospecting licenses from LVG. In addition to the US$6M upfront consideration received, LVG retains exposure to future exploration success through contingent payments of up to US$45 million tied to gold discoveries on the Project. To support its near-term pathway, Lake Victoria Gold has signed a non-binding LOI with Nyati Resources for potential toll milling at Nyati's nearby 120-tpd processing plant. A new 500-tpd facility is expected to come online in the months ahead. Third-party firm Nesch Mintech Tanzania has been brought in to assess the plant's performance and technical readiness, and to help outline any modifications needed to support production. Tembo's current 45-hole RC campaign at Ngula 1 is targeting near-surface gold zones with toll-milling potential, building on historical intercepts like 28.57 g/t gold over 3 meters and 17.23 g/t over 4 meters. By focusing on shallow targets first, LVG is aiming to establish early production optionality while advancing structural understanding of a district-scale system. To support its development strategy, LVG has secured a gold prepay agreement with Monetary Metals tied to up to 7,000 ounces of future output, alongside a recent C$3.52 million equity investment from Taifa Group —part of a three-tranche investment set to total C$11.52 million. With field activity ramping up at both projects and financing structures in place, LVG continues to execute on a phased growth model in one of Africa's most prospective gold belts. In other industry developments and happenings in the market include: Integra Resources Corp. (TSXV: ITR) (NYSE-American: ITRG) recently marked a key milestone with its first full quarter of gold production, generating 19,323 ounces at Florida Canyon and achieving average realized gold prices of $2,888/oz. Adjusted earnings reached $4.4 million, and operating cash flow came in at $16.1 million, helping to lift its cash balance to $61.1 million. "The mine continues to demonstrate its ability to generate cash flow to support Integra's growth strategy, which was the basis for its acquisition in late 2024,' said George Salamis, President, CEO and Director of Integra. 'The focus for the remainder of 2025 continues to be optimizing and demonstrating growth at Florida Canyon, significant permitting advancement and a feasibility study planned for DeLamar, and continued de-risking activities and advanced study work at Nevada North." The company is deploying capital into mine-site upgrades, pre-stripping, and leach pad expansion to boost Florida Canyon output. Meanwhile, permitting efforts continue at DeLamar, and study work advances at Nevada North, positioning Integra for multi-asset growth in the Great Basin. New Found Gold Corp. (TSXV: NFG) (NYSE-American: NFGC) has expanded its 2025 work program at the Queensway Project in Newfoundland, allocating C$40 million toward a 300,000-meter drill program across multiple zones. "With the recent closing of our bought deal financing, the Company is well-financed to expand our 2025 work program,' said Melissa Render, President of New Found Gold. 'The primary focus remains the key deliverables to advance Queensway on the path to development." The initiative aims to build on existing resource growth at Iceberg, Keats, and Lotto, while ramping up generative drilling along the Appleton and JBP Faults. Additional metallurgical testing, engineering, and baseline environmental studies are also underway to support potential future development. Rio2 Limited (TSXV: RIO) (OTCQX: RIOFF) recently confirmed that its Fenix Gold Project remains on track and on budget for initial gold production in January 2026, with construction reaching 19% completion by the end of Q1 2025. The $30.1 million spent to date aligns with planned expenditures, as work continues on critical elements like the leach pad, ADR plant, and PLS pond. The company has also begun grade control drilling across pit areas earmarked for the first three years of production. Upcoming milestones include ADR plant commissioning by November and mine expansion study completion in December. IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) confirmed a major milestone at its Côté Gold Mine, reaching nameplate processing throughput of 36,000 tpd over a 30-day period. This marks a successful ramp-up just 15 months after first gold, and solidifies confidence in 2025 production guidance of 360,000 to 400,000 ounces. "To bring a gold project from first gold to the design nameplate rate within this timeframe, while ensuring a safe workplace for all, exemplifies the commitment to excellence and accountability that is at the core of IAMGOLD today," said Renaud Adams, President and CEO of IAMGOLD. "Further, we are excited at the opportunities the installation of the second cone crusher will bring, including improving plant availability and maintenance cycles, while providing potential for further throughput increases." With additional upgrades in motion, the company is now positioning Côté as a cornerstone asset in its long-term growth strategy. cs@ (250) 999-4849 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. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Associated Press
26-06-2025
- Business
- Associated Press
Africa's Longest Low-Pylon Cable-Stayed Bridge Opens in Tanzania
BEIJING, June 26, 2025 (GLOBE NEWSWIRE) -- The JP Magufuli Bridge in Tanzania's Mwanza Province officially opened to traffic on June 19, 2025. Built by China Railway Construction Corporation Limited (CRCC), the 4.66-kilometer structure stands as Africa's longest low-pylon cable-stayed bridge, featuring a 520-meter main span with three towers and dual cable planes that connects both shores of Lake Victoria. During the opening ceremony, Tanzanian officials praised China's sustained support and the project team's professionalism. Despite facing numerous challenges over five years of construction—including the COVID-19 pandemic, complex geological conditions, and equipment supply chain disruptions—the team delivered the project on schedule while maintaining high construction standards. The bridge's completion delivers substantial economic and social benefits to the region. Commute times between shores have plummeted from 40 minutes by ferry to under five minutes by road, while freight costs have dropped 10-15%. These improvements are energizing local agriculture, tourism, and commerce, driving new economic growth across the region. The bridge incorporates environmentally conscious design and local cultural elements. Its towers resemble outstretched arms, symbolizing Tanzania's embrace of cooperation and prosperity, while the structure features the colors of Tanzania's national flag, creating a striking landmark along Lake Victoria's shoreline. This 'dream bridge' fulfills the late President John Magufuli's vision while exemplifying successful China-Africa collaboration. It represents mutual trust and shared benefits between the two regions, embodying East Africa's aspirations for greater connectivity and prosperity. Company: China Railway Construction Corporation Limited Contact Person: Wen Kai Email: [email protected] Website: Telephone: 010-52688232 City: Beijing, China A photo accompanying this announcement is available at
