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An average AGM realized gold price of $1,846/oz Galiano Gold Inc reports first quarter (Q1) operating and financial results for the Company and the Asanko Gold Mine (AGM). Asanko Gold Mine Key Metrics (100% basis)are, Gold production of 42,343 ounces, in line with 2022 production guidance of 100,000- 120,000 ounces of gold. Total cash costs per ounce1 of $1,361 and all-in sustaining costs1 of $1,559/oz during the quarter, resulting in positive cash flows from operations of $3.9 million and AISC margin1 of $12.0 million. The AGM produced 42,343 ounces of gold during the quarter, as the processing plant achieved milling throughput of 1.5Mt of ore processed at a grade of 1.3g/t with metallurgical recovery averaging 69%. Sold 41,929 ounces of gold in Q1 2022 at an average realized gold price of $1,846/oz for total revenue of $77.5 million (including $0.1 million of by-product silver revenue), a decrease of $33.3 million from Q1 2021.  The decrease in revenue quarter-on-quarter was a fu...

Drilling at the Detour Lake   Kirkland Lake Gold announced results from 25 holes (19,523 m) and one wedge hole (1,110 m) of drilling at the Detour Lake property. The new holes being reported are the third batch of results from the recently announced 250,000 m exploration program, which the Company is targeting for completion by the end of 2021. The program is being completed to collect information for an updated, and potentially expanded, Mineral Reserve as well as to support the completion of a new production plan.   Most of the new holes announced today are from drilling in the Saddle Zone, located between the Main Pit and West Pit locations, which has been underexplored and has no Mineral Reserves and only limited Mineral Resources. Several new holes are also being announced from the area west of the West Pit, which also contains only limited past drilling. Tony Makuch, President  and CEO of Kirkland Lake Gold, commented: “Today’s results provide further evidence t...

GoGold Resources provides an outlook of Milestones and deliverables for 2021   As we look forward to 2021, we feel the Company is on the verge of unlocking the significant potential of Los Ricos to create value for the shareholders, Brad Langille, President and CEO stated, the key milestones for the Company in 2021 will include!   A Preliminary Economic Assessment at Los Ricos South in January is an aggressive 100,000 metre drill program at Los Ricos North focussed on discovery and an initial mineral resource at Los Ricos North in the summer of 2021. Parral continues to generate strong cash flow sufficient to fund the overhead and exploration allowing the Company to be a self-funding junior with one of the largest exploration drill programs in Mexico. With our strong balance sheet which exceeds US$55 million in cash, we are well funded to unlock the true value of Los Ricos. The Company initially acquired the Los Ricos projects in March of 2019 and began the Los Ricos Sou...

First ore delivered on time & on budget   Pure Gold Mining Inc announces a major milestone with first ore introduced to the mill at the Company’s high-grade PureGold Mine, in Red Lake, Ontario. With ore delivered and first gold production scheduled this month, commissioning activities will transition into full scale ramp up of the mining and milling operations over the coming quarter. “This is a very exciting day for our shareholders, the community of Red Lake, and our entire team,” stated Darin Labrenz, President and CEO of PureGold. “The introduction of ore to the milling facility reflects the successful culmination of our project build, and signals the commencement of the next chapter in our Company’s evolution as Canada’s newest gold mine.  Just last year, we announced our intention to become a producer and we are delivering on that promise, on-track and on schedule for first gold production this month.  Bringing a mine on-stream in 2020 is a firm testament to...

  Orion will acquire Centerra's 50% interest   Premier Gold Mines and Centerra Gold announces that an affiliate of the Orion Mine Finance Group, has entered into an agreement with Centerra and Premier pursuant to which Orion will acquire Centerra's 50% interest in the Greenstone Gold Mines-GGM Partnership for cash consideration of US$225 million plus certain contingent payment obligations of approximately US$75 million, described below. Premier currently owns the other 50% of GGM.   GGM’s principal asset is the Hard rock Mine Project located on the Trans-Canada Highway near Gerald ton, Ontario, Canada and represents one of the most significant large-scale, permitted, mine development opportunities in North America. Under the terms of the Purchase Agreement, Premier and Centerra, through their respective affiliates, will cause GGM to provide a guarantee to Centerra in respect of the obligations of Orion to make the Contingent Payments, if any, and with respect to an ea...

Roxgold Increases Indicated Mineral Resources by 97% Roxgold Inc reported an updated Mineral Resource Estimate for the Séguéla Gold Project located in Côte d’Ivoire. The updated Séguéla NI 43-101 Mineral Resource estimate includes an additional 56,600 m of Reverse Circulation (RC) and diamond core (DD) drilling since the completion of the Séguéla PEA in April 2020.   The drill program prioritized infill drilling of Antenna, Ancien, Boulder and Agouti to increase resource confidence, while rapidly advancing the high grade Koula discovery to its maiden Inferred Resource.  Total Indicated Mineral Resources increased 97% to 1,044,000 ounces of gold grading 2.5 grams per tonne since the Preliminary Economic Assessment was released in April 2020.  Total Indicated Mineral Resources increased 97% to 1,044,000 ounces of gold grading 2.5 grams per tonne since the Preliminary Economic Assessment was released in April 2020.  Total Inferred Mineral Resources are estimated at ...

Macraes mine life extension to 2028   OceanaGold Corporation announces the receipt of permits for the Golden Point Underground Mine (GPUG), Deepdell North Stage III open pit extension, and the Frasers West expansion. These permits allow the Company to proceed with the development of new and extended open pit and underground mining opportunities at Macraes, including the new GPUG mine. These projects are expected to extend the mine life of the Macraes operation to 2028.   Michael Holmes, President and CEO of OceanaGold said, We are pleased to announce that we have consents in hand to develop three deposits that are critical opportunities to achieve the mine life extensions at Macraes, currently to 2028. The receipt of consents for the three projects is a testament to our 30-year history of responsible mining and outstanding environmental stewardship in one of the greenest countries in the world. We continue to seek out additional opportunities through organic growth and exp...

Kirkland Lake Gold Provides Three-Year Production Guidance!   Kirkland Lake Gold Positioned for Strong Operating and Financial Results in 2021, Company Provides Three-Year Production Guidance   Kirkland Lake Gold announced the Company’s full-year guidance for 2021, including production of 1,300,000 – 1,400,000 ounces, driven by strong growth at Detour Lake Mine, with all-in sustaining costs (AISC) per ounce sold on track to remain unchanged from 2020 levels.  Guidance for 2021 includes increased capital spending largely in support of future production growth at Detour Lake, and a greater commitment to exploration to follow up on recent drilling success at all three of the Company’s cornerstone assets. All dollar amounts are expressed in U.S. dollars unless otherwise noted.   The Company also announced today three-year production guidance which demonstrates the sustainability of solid operating performance and includes growth to 1,405,000 -1,545,000 ounces in 20...

Dynacor returns to profit,   Increase of 34% YoY d uring 3Q   Dynacor returns to profit in Q3-2020; highest cash gross operating margin per ounce since 2014 of $304 per ounce, a year-over-year (YoY) increase of 34%; operating at full capacity with near-term plans to expand!   Dynacor Gold Mines has released its unaudited consolidated financial statements and the management’s discussion and analysis (MD&A) for the third quarter ended September 30, 2020. These documents have been filed electronically with SEDAR and will be available on the Corporation’s website.   After a three-month stoppage due to the Covid-19 crisis, which ended a streak of thirty-six (36) consecutive profitable quarters, the Corporation successfully resumed its ore purchase and processing activities, immediately returning to profits. During Q3-2020, the Corporation gradually increased ore purchases and generated sales of $ 24.1 million recording a net income of $ 1.2 million ($0.03 per...

Pamlico Project Implications for Mineralization!   Newrange Gold Corp announces that it has discovered a new zone of gold mineralization at its Pamlico Gold Project in Nevada.  Hole P20-091, drilled more than 1,300 meters north-northeast of Pamlico Ridge to test a near-surface Induced Polarization (IP) chargeability anomaly near the historic Central and Sunset Mines, intersected 0.744 grams gold per metric tonne (g/t Au) over 18.3 meters, within a larger envelope of 0.403 g/t Au over 51.8 meters.  Importantly, the entire interval from 122.0 meters to the bottom of the hole at 335.4 meters is anomalous in gold, averaging 0.184 g/t Au over those 213.4 meters.   There is a very sharp geochemical boundary at 115.85 meters, with almost every sample above that being below the assay detection limit and almost every sample below it containing at least anomalous amounts of gold, with the highest at 2.28 g/t Au.  Hole P20-090, drilled on another IP anomaly about 207 m...

Diba gold project excellent results   Altus Strategies announces excellent results from metallurgical testwork on oxide and sulphide samples from the Company’s 100 % owned Diba gold project in western Mali. The work was undertaken to test the amenability of Diba ores to carbon-in-leach and heap leach processing. The findings of the process said, Excellent gold recoveries from oxide and sulphide samples from Diba gold project in Mali. Steven Poulton, Chief Executive of Altus, commented, “The results of the metallurgical testwork on both oxide and sulphide material from Diba are simply excellent. Heap leach amenability shows 95.8 % gold recovery at a coarse crush size.  This recovery is significantly higher than the 80 % modelled in the current PEA which we reported on in July. More significantly, the testwork on fresh (sulphide) samples shows that CIL processing will likely be very effective, with 86.8 % gold recovery at attractive grind sizes.    “Diba already boas...

Bayhorse Silver achieves from the Harrison Gold Project   Bayhorse Silver has achieved 94.7% plus gold recovery from a composite quartz sample from the RN Mine Zone at the Harrison Gold Project, Harrison, BC. The Harrison Gold Project is permitted for drilling and bulk sampling. Three quartz samples totaling 82.18 kg were taken from the prominent gold-bearing quartz veins from the historically mined RN underground workings. The head grade of the samples was 13.2 g/t Au. Historical reports indicate that a total of 642.82 tonnes (708.58 tons) of mined material was shipped from the RN Zone that contained 30,443 grams of gold (978.89 ounces), 11,000 grams silver (300 ounces) and 616 kilograms of copper.  Mineralization at Harrison consists of free milling gold, with gold sizing from 0.2 to 2.0 mm sized grains, within quartz veins ranging from less than a cm to several tens of cm in width.   Bayhorse CEO Graeme O'Neill comments, "Gold recovery from the metallic screen assays...

Endeavour and Teranga at M&A way Combination to create new senior gold producer   Endeavour Mining Corporation and Teranga Gold Corporation are announcing that they have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the Canada Business Corporations Act   Existing Endeavour and Teranga shareholders will own approximately 66% and 34%, respectively, of the combined company on a fully diluted in-the-money basis. Pursuant to the Plan of Arrangement, Teranga common shares will be exchanged at a ratio of 0.470 Endeavour ordinary shares for each one Teranga common share.   The Exchange Ratio represents a modest premium of 5.1% based on the closing price of Endeavour and Teranga’s shares on the TSX on November 13, 2020 and 9.4% based on the 20-day volume weighted average price of both companies for the period ended November 13, 2020.   Sébastien ...