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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...

To acquire extensive gold assets in Colombia   Orea Mining announced the signing of a Binding Letter of Intent (BLOI) to acquire gold projects with an existing ore processing facility, including significant plant and equipment, in Colombia, South America.    “After evaluating numerous opportunities in 2020, Orea is delivering on its promise to add a quality gold project to its portfolio, in line with its responsible mining approach” commented Rock Lefrancois, President and CEO of Orea.  “As our Montagne d’Or Gold Project in French Guiana has entered mine permitting, this new acquisition within the emerging Northern Andean copper-gold province will be the driver for exciting development and further growth in 2021” he added.   The Project lies within the northern San Lucas mountain range, northeast of the Colombian Central Cordillera. The region is known for its gold production since pre-colonial times, which is presently subject to prevalent formal and info...

Produced over 48K Oz of gold in 3Q   Galiano Gold, formerly Asanko Gold Inc- reports third quarter- Q3, 2020 operating and financial results for the Asanko Gold Mine, located in Ghana, West Africa. The Q3 2020 Asanko Gold Mine report said, Quarterly gold production of 48,974 ounces at an all-in sustaining cost of $1,488/oz. Gold sales of 53,975 ounces at an average realized price of $1,861/oz, generating gold sales proceeds of $100.5 million.   Net income after tax of $12.4 million generated operating cash flow of $18.5 million and negative free cash flow1 of $4.2 million after incurring $14.2 million of non-sustaining capital and exploration expenditure. As at September 30, 2020, the JV had cash of $43.3 million, $16.3 million in receivables from gold sales and $4.3 million in gold on hand, with the RMB revolving credit facility of $30.0 million fully drawn. Completed a 33-hole drilling program at the Nkran pit to confirm and improve confidence in the Mineral Reserve esti...

Gold mineralization at the Castle property High-Grade Visible Gold at the Robinson Zone   Canada Silver Cobalt Works announces that Canada Silver Cobalt Works intersected high-grade gold mineralisation with cobalt within the high-grade silver-cobalt mineralized vein structures at the Castle property. Drilling continues around the clock, seven days a week with 2 drills. A 50,000-meter drill program is in place of which 18,000 meters have been completed. The gold-cobalt mineralisation found in hole CS-20-31 is the fourth potential expansion to the Robinson system, giving at least 5 mineralized veins in the area. The vein in hole CS-20-31 appears to be a different orientation to the other en echelon veins identified and is the first vein in the Robinson system with significant gold results.   A percentage of holes in this program have been allocated to identifying and following up on structures in this orientation. With this new discovery, the information previously gathered to...

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...

The Africa’s largest gold producer   Asante Gold Corporation says, “Ghana is the Africa’s largest gold producer with the production of +4mn oz of gold per year!” Gold has been continuously mined in Ghana for centuries since it was part of the old Mali Empire in the 14th century, and in more recent times when it was known as the Gold Coast. During 120 years of near continuous production, Ghana’s largest underground mine, AngloGold Ashanti’s Obuasi mine, has recorded production exceeding 33M oz of Au.  In the last 20 years, major and junior companies including Newmont, Kinross, Goldfields, Golden Star, Galiano Gold and Perseus, have also committed significant resources to operations in the country. Ghana is Africa’s largest gold producer, with output of circa 4.0 million troy ounces per year, and is the 7th largest gold producer in the World.   Ghana is a mining friendly country and in 2015 ranked 6th in Africa on the World Bank’s Ease of Doing Business barometer. Other f...

  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...

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...

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...

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...

NV Gold Receives to carry Phase II Drill Program   NV Gold Corporation received all necessary drill approvals for its 2020 reverse circulation drill campaign at its 100% controlled Slumber Gold Project located approximately 50 miles northwest of Winnemucca, Humboldt County, Nevada, USA. NV Gold’s 2020 drill program, anticipated to commence in early November, will encompass up to 2,500 meters in up to 10 reverse circulation drill holes. “Targets generated at Slumber by recent CSAMT geophysical surveys are exceptional. Our technical team, which includes Dr. Quinton Hennigh and Dr. Odin Christensen, believes the Slumber Gold Project may potentially host a buried high grade gold system at depth beneath shallowly drilled areas tested last year,” commented Peter A. Ball, President and CEO of NV Gold.   “In addition to planned drilling at Slumber, NV Gold’s Sandy Gold Project drill campaign is now underway in western Nevada, and work at the Exodus Gold Project in British Columbia c...

  Previous guidance remained of 890K GEO to 915K GEO   Yamana Gold Inc announces strong preliminary third quarter results, with gold production of 201,772 ounces and silver production of 3.04 million ounces. Total gold equivalent production was 240,466 ounces. Jacobina, El Peñón, Minera Florida, and Canadian Malartic all enjoyed standout quarters.   With overall production, and production at most of the Company’s mines, currently tracking ahead of plan, and in some cases well ahead of plan, the Company increases its 2020 production guidance from the previous guidance of 890,000 GEO to 915,000 GEO, representing an increase of 3%. Gold production and silver production guidance have increased from previous guidance by approximately 1% and 6%, respectively. More specific mine-by-mine and metal-by-metal information will be provided with the Company’s financial results at the end of the month.   The Company continued to generate strong cash flows in the quarter which s...

13083 Oz of production & earns record revenue in Quarter!   Northern Vertex Mining announce record production of 14,673 gold equivalent ounces and record revenues of $27 million for the quarter ended September 30 from the Company’s 100% owned Moss Gold Mine in NW Arizona.  Gold equivalent production is calculated at realized gold and silver prices for the quarter of $1,887 and $25.32 respectively (74.5:1). Highlights for the quarter ending September 30 th are, 1: Record revenue of $27 million, 2: Record gold equivalent production of 14,673 ounces, 3: Record gold production 13,083 ounces, 4: Record one day gold production of 195 ounces, 5: Record one day silver production of 1,500 ounces, 6: Record of tons crushed for the month of 271,837 tons & 7: $12.1 million cash on hand at September 30, 2020. Ken Berry, President and CEO commented, “I am delighted to share this quarter’s record production results with our shareholders.   In a strong gold market, we hav...