Author

admin

Browsing

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’) is pleased to announce the engagement of global mining, sustainability, and environmental consultant firm Environmental Resources Management (‘ERM’) for the completion of a Preliminary Economic Assessment (‘PEA’) for the purpose of restarting gold production at the Company’s wholly-owned Beacon Gold Mill using mineralized material from its Swanson Gold Deposit (‘Swanson’). Both the Swanson Gold Project and Beacon Gold Mill are located in proximity to one another and strategically positioned in one of the world’s largest and most established gold-producing regions, the Abitibi Greenstone Belt. On the back of recent news of the ongoing drilling program that is delivering encouraging high-grade assay results that suggest continuity and scale of the mineralized system, and potential for further expansion at the Swanson Gold Deposit (refer to press release dated September 24, 2025), ERM now brings a highly experienced technical team to deliver a robust mining and economic study for the restart of the Beacon Gold Mill using mineralized material primarily supplied from the Company’s Swanson Gold Deposit.

LaFleur Minerals IS AIMING TO RESTART THE BEACON GOLD MILL USING MINERALIZED MATERIAL PRIMARILY SUPPLIED FROM THE COMPANY’S 100%-OWNED SWANSON GOLD DEPOSIT, LOCATED IN VAL D’OR, QUEBEC, CANADA, WITH TOLL MILLING OPTIONS FROM OTHER REGIONAL COMPANY DEPOSITS.

Kal Malhi, Chairman of LaFleur Minerals, comments, ‘Advancing the Beacon Gold Mill to restart gold production with gold prices at record levels above US$3,800 per ounce offers amazing economic potential. The Beacon Gold Mill last operated in 2022 when the price of gold was US$1,600 per ounce. Having 100% ownership of the Beacon Gold Mill, along with a fully permitted tailings storage facility and the nearby Swanson Gold Deposit differentiates LaFleur Minerals from single facet junior gold exploration companies and offers investors a true near-term gold producing investment. LaFleur isn’t relying on toll milling other companies’ gold deposits, but a fully functional and vertically integrated gold mining company on the cusp of producing ounces aimed for early 2026 from its own Swanson Gold Deposit.’

Preliminary Economic Assessment Study

The Company is working diligently with ERM to complete the PEA in the coming weeks. The PEA will be managed by ERM’s Technical Mining Services Group, based in Toronto, Ontario, which operates as the technical services arm of ERM. ERM acquired CSA Global in 2019 to strengthen its capabilities in mineral resource/reserve evaluation, mining and metallurgical engineering, and to complement its established business in environmental stewardship and sustainable development across the mining sector. ERM’s Technical Mining Services Group will oversee and disclose technical study results as part of the PEA, including the mineral resource estimate update, open-pit mine plan, and ore-sorting and metallurgical testing programs and Beacon Gold Mill restart costs. The ERM team includes highly experienced mining engineers, metallurgists, resource geologists, and environmental and sustainability specialists, ensuring a comprehensive and multidisciplinary evaluation. This collaboration underscores LaFleur Minerals’ commitment to responsible resource development and positions the Company to capitalize on the current gold market momentum.

The PEA will serve as the basis for the restart of Beacon Mill, which was recently refurbished with over $20 million worth of upgrades and includes a fully permitted tailings storage facility. Beacon Gold Mill’s state of readiness significantly reduces CAPEX and the timeline for a production restart, which the Company expects will be validated through a realistic PEA. The PEA will also benefit from mill operating data from 2022 when the mill last ran at gold price of US$1600/ounce and aims to provide accurate, real-world cost estimates across mining, milling, and tailings operations.

Regulations require companies to define initial mineral resources on a project via a PEA, and this applies to the Beacon Gold Mill production restart and the Swanson Gold Deposit. The Company believes that there are three reasons why the PEA, which includes restarting the Beacon Gold Mill with mineralized material supply from the Swanson Gold Deposit, will be a sufficient and comprehensive plan for gold production restart.

  1. Realistic Costing: The PEA will provide a AACE class 5 estimate understanding of costs, from blasting, mining, moving a tonne of material to milling, and to operating the tailings treatment facility. Additionally, the mill was operational as recent as two years ago, so costs for that facility are also well understood. Most PEA studies rely on rough estimates for milling costs; the inclusion of the Beacon Mill in the PEA will have realized operating costs from when the mill last operated in 2022, at a time when the price of gold was US$1,600 per ounce.

  2. The Beacon Gold Mill was recently refurbished by Monarch Mining for C$20 million in 2022 and is already built with a state of readiness to restart. Most PEA studies include as-yet unanswered questions on essential aspects; examples include a full definition of processing flowsheets, mining methods, tailings facility design, or human resource requirements. With the Beacon Mill having operated only a few years ago and with the Company having studied and remedied many of the issues from that period over the last 18 months, there are very few outstanding engineering questions at the Beacon Mill aside from equipment upgrades. A Mining Model for the restart has been reviewed and refined by LaFleur and Consultants and will form a strong part of the PEA, maintenance and repairs.

Tailings Dam Lift

As part of the PEA disclosure, LaFleur Minerals has conducted technical studies to support upgrades to the Tailing Pond located at the Beacon Mill, providing complete details of the required upgrades and associated costs.

Definition Drilling

Definition drilling at the Swanson Gold Deposit is currently underway with ‘twinning’ of mineralized holes at the Swanson Deposit. This effort is expected to provide confident updated mineral resource confirmation at the Swanson Gold Deposit using a diamond drill.

The twinned holes are planned to confirm and refine the spacing between historical intercepts, thereby confirming the existing geological model and analytical results that define the Mineral Resource Estimate (MRE) at the Swanson Project.

Open-Pit Mining Scenario at Swanson Gold Deposit

The entirety of the MRE at the Swanson Gold Deposit is located on an existing mining lease, and permitting is in progress to extract mineralization destined for the Beacon Gold Mill. The mining lease permits the extraction of a large bulk sample of mineralized material with minimal permitting requirements.

As part of the PEA, LaFleur Minerals has commissioned an ore-sorting study using Swanson Gold Deposit material in partnership with the Saskatchewan Research Council (SRC). The ore-sorting technology will concentrate the mineralized material prior shipment by truck to the Beacon Gold Mill, reducing trucking costs and minimizing waste rock processing at the Beacon Gold Mill. The ore-sorted material will also undergo metallurgical testing by SGS Minerals in Lakefield to simulate metallurgical results at the Beacon Gold Mill.

The Swanson Gold Deposit is easily road accessible with minimal infrastructure improvements required and only ~60 kilometres from the Beacon Gold Mill, making it an ideal source of mineralized material to be trucked over for processing. LaFleur Minerals is currently receiving detailed quotation for trucking concentrate material from the Swanson Gold Deposit to the Beacon Gold Mill, and these costs will form part of the market studies and contracts section of the PEA. The Abitibi region is otherwise flush with nearby deposits that could be potential sources of material for custom milling purposes (refer to Figure 1).

Figure 1: Regional Deposits Surrounding LaFleur’s Swanson and Beacon Assets

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/269252_3812b9d3f4211b73_002full.jpg

Paul Ténière, CEO of LaFleur Minerals, commented, ‘Engaging a consulting firm of the caliber and reputation of ERM to complete our PEA marks a significant milestone for LaFleur Minerals. By combining our district-scale exploration and resource potential with the fully-permitted Beacon Gold Mill, we are advancing a near-term, sustainable production pathway in one of the world’s most prolific gold camps. This is an exciting step that positions us to unlock significant value for shareholders. We think we are strongly aligned with both strong investor appetite for safe, secure, and high-quality assets and favorable market timing with gold trading near record levels, as we advance the Swanson Gold Deposit with near-term production potential.

Figure 2: Beacon Gold Mill in Val d’Or, Québec

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/269252_lafleur2en.jpg

Site Visit

The Company held a Beacon Gold Mill site visit for analysts, investors and consultants in Val d’Or, Québec during August 2025 and received very positive feedback and appreciation in the Company’s stock price following the mill visit. LaFleur will be holding a second site visit at the Beacon Gold Mill and Swanson Gold Project on October 7-8, 2025, for prospective investors and financiers, as well as ERM. ERM will attend to begin investigations for the purpose of assessing the state of readiness and infrastructure at the Beacon Mine and Mill, including equipment and tailing storage facility, and the quality of mineralized material and access at the Swanson Gold Project to gather detailed information required to complete the PEA.

Figure 3: Inside the Beacon Gold Mill in Val d’Or, Québec

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/269252_3812b9d3f4211b73_004full.jpg

Stock Options Issued:

LaFleur Minerals has approved the issuance of 1,000,000 stock options (the ‘Options’) pursuant to the Company’s incentive stock option plan (the ‘Stock Option Plan’). The Options provide for the purchase of an aggregate of 1,000,000 common shares of the Company (the ‘Common Shares’) at an exercise price of $0.75 per share, All of the Options have a 5 year term. These grants form part of the overall annual remuneration package. Stock option grants are subject to necessary regulatory approvals.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the restart of gold production at its 100% owned Beacon Gold Mill and development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project spans approximately 18,304 hectares (183 km²) in size and comprises several prospects rich in gold and critical metals previously explored by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits, as well as several other showings, which comprise the Swanson Gold Project. The Swanson Gold Project is easily accessible by road, providing direct access to several nearby gold mills and further enhancing its development potential. LaFleur Minerals’ fully-refurbished and permitted Beacon Gold Mill, which was upgraded at $20M expense in 2022) is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com LaFleur Minerals Inc.
1500-1055 West Georgia Street Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward- looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward- looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269252

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (October 6) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$124,548, up by 1.1 percent in 24 hours. Its lowest valuation of the day was US$122,538, and its highest was US$124,691.

Bitcoin price performance, October 6, 2025.

Chart via TradingView

BTC extended its rebound early in the week but is now testing a ‘crucial resistance zone’, according to crypto investor Ted Pillows. He noted that the recent push above this level was largely driven by perpetual futures, rather than spot or institutional demand. If institutional bids return as they did last week, Bitcoin could reclaim higher ground; otherwise, a sharp correction toward the US$118,000–US$120,000 range remains likely.

Bitcoin dominance in the crypto market now stands at 55.17 percent.

Ether (ETH) has closely followed Bitcoin’s upward price movement, rising by roughly 12 percent since the last days of September. It was priced at US$4,587.82, a 0.9 percent increase in 24 hours. Its lowest valuation of the day was US$4,481.90, and its highest was US$4,593.39.

ETH continues to hold firm above its US$4,500 support, with Pillows highlighting US$4,750 as the next major resistance level. However, he also warned that a drop below the US$4,250–US$4,060 zone would shift momentum back to the bears.

Altcoin price update

  • Solana (SOL) was priced at US$234.11, an increase of 1 percent over the last 24 hours. Its lowest valuation on Monday was US$226.96, and its highest valuation was US$234.34.
  • XRP was trading for US$3.00, down by 0.2 percent over the last 24 hours. Its lowest valuation of the day was US$2.95, and its highest was US$3.01.

ETF data and derivatives trends

The Fear & Greed Index currently reads 59, remaining firmly in neutral territory since the tail end of last week.

Last week, the cumulative net flow for spot Bitcoin ETFs was predominantly positive, with several days of inflows. According to data from the week of September 29 to October 3, spot Bitcoin ETFs had inflows on all 5 days, with October 3 recording the highest inflows at US$985.08M. The inflows were led by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC).

Cumulative total inflows for spot Bitcoin ETFs stood at US$60.05 billion as of October 3.

On the derivatives side, CoinGlass data shows Bitcoin futures open interest at US$93.53 billion, an increase of 2.13 percent over 24 hours and a rise of 0.89 percent over four hours. Open interest for Ether futures is at US$61.69 billion, up 0.93 percent over 24 hours and a 0.81 percent boost over four hours.

Today’s crypto news to know

Morgan Stanley endorses Bitcoin allocation for client portfolios

Morgan Stanley’s Global Investment Committee has formally advised clients to include digital assets in their portfolios, marking a significant policy shift for one of Wall Street’s most established banks.

In a note dated October 5, the firm recommended up to 4 percent crypto exposure in “opportunistic growth” portfolios and up to 2 percent for “balanced growth” accounts. The report also emphasized Bitcoin’s role as a “scarce, digitally native asset” with increasing institutional relevance.

The guidance coincided with Bitcoin’s rally past US$125,000 over the weekend, before settling near the US$123,000 range.

While many investors view the move as validation of Bitcoin’s maturing status and the formal ushering of crypto’s ‘mainstream era’, some traders called it “too late” given prior gains.

Morgan Stanley also confirmed that its E*Trade platform will soon allow trading in Bitcoin, Ether, and Solana via a partnership with ZeroHash.

Coinbase seeks national trust charter to expand payment services

Coinbase has applied for a national trust company charter from the US Office of the Comptroller of the Currency, a move designed to expand its payments and custody operations under unified federal oversight.

In a company blog post, Vice President Greg Tusar clarified that Coinbase “has no intention of becoming a bank,” but aims to streamline regulation for new financial products.

Approval would enable Coinbase to scale its recently launched Coinbase Payments platform, which facilitates stablecoin transactions for merchants on Shopify and eBay.

Coinbase has also deepened partnerships with JPMorgan Chase, enabling direct account links between Chase customers and Coinbase wallets through API integration.

Similar OCC charter applications have been filed by other platforms as digital payment infrastructure moves further into mainstream finance.

Galaxy launches GalaxyOne platform

Galaxy Digital has rolled out GalaxyOne, a new trading and yield platform for individual investors, marking its first major push beyond institutional clients.

The platform offers crypto trading alongside high-yield products, including an 8 percent APY investment option limited to accredited investors. A 4 percent APY cash account, branded “GalaxyOne Cash,” is also available to non-accredited users through FDIC-insured partner Cross River Bank.

Managing Director Zac Prince said the firm aims to fill a “gap between retail traders and institutional clients,” positioning GalaxyOne as a mid-tier service with premium features.

The launch places Galaxy in direct competition with consumer-facing brokers like Robinhood and Kraken, both of which have expanded their crypto offerings this year.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

(TheNewswire)

GRANDE PRAIRIE, ALBERTA TheNewswire – October 6, 2025 – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) (‘EnerCam’) has reviewed preliminary data from South Bokor Basin from the 2-D seismic program recently completed on Block VIII (‘Project’).

Keith Edwards, Technical Manager of EnerCam, comments on South Bokor Basin, ‘We have a

preliminary view of what appears as a substantial structure in the most southerly South Bokor Basin.  The structure, which is an anticline, appears to have roughly 48 square kilometers of closure and has been named the ‘South Bokor Lead’, located between 900-1500 meters from surface. We look forward to confirmation of internal structures upon completion of seismic processing and an integrated geological and geophysical interpretation in November. As we receive more data, and can apply that to the other basins, we look to determine a trend that may develop as we cover the central and more northern portions of the seismic program.   M anagement has confirmed the South Bokor Lead as the first drill target identified from the seismic program.’

Figure 1 : The map above is based on 7 East West lines and is the map of a major unconformity that is clearly visible on the seismic.  Layers above the mapped horizon are thought to be Cretaceous-Jurassic age while the layers below are thought to be Lower Jurassic to Permian in age.  This hypothesis is based on analogs in the Khorat Plateau in Thailand.

The anticline identified as the South Bokor Lead results from the interpretation of the first of four subbasins the seismic program covered on Block VIII and was the first area on which seismic was shot early in August and the first data to be received.  The remaining data from other areas of seismic is expected in segments by the latter part of October and the interpretation of that data will continue and follow thereafter.

Structural Anticline


Click Image To View Full Size

Figure 2 Diagram of typical anticline where compression forces a arch structure where fluids may collect and be forced to the uppermost portion of the dome. Top of the anticline lies between two sets of semi-parallel surface hills, one side of which has a gentler slope than the other.   Reference:  geowhy.com, Oregon Basin Oil Field, Geology of Wyoming.

Anticlines contribute to the majority of oil and gas discoveries globally.   However, in order to trap hydrocarbons, there must be an impermeable layer of rock on the top surface of the dome to hold the hydrocarbons in place, one of the elements which only drilling can prove.

The mission for EnerCam is to discover Cambodia’s first commercial onshore oil and gas, as currently the country imports all its hydrocarbon-based energy products, spending several billion dollars per year.   (reference:  Cambodia imports: oec.world/en/profile/country/khm).  The seismic program included 24 lines across three provinces, employed 38 Khmer residents with 15 contractors coming from Thailand with the EnviroSeis equipment.

Edwards provides further comments, ‘ The Khmer teams were amazing, happy to learn and accomplished the work, despite the challenges.  The initial seismic data clearly shows the gross structure and various bright spots and unconformities, but we have only just started the interpretation and need more time to refine and draw definitive conclusions.’

Mike Weeks, President of EnerCam, comments ‘ Proving there is commercial oil and gas in Cambodia starts with seismic giving us sufficient information to determine drill targets.   Based on that, we are very pleased with now knowing the first subbasin is an anticline with four way closure.   This is the foundation for building out a robust program as we advance to more interpretation across the area of seismic completed.   Drilling is the only way to prove an oil and gas resource, and with no history of onshore drilling in Cambodia, the process of determining the best targets takes longer.    We still have three more subbasins to cover, so by the end of this year the science will tell us if we can plan a multi-hole exploratory drill program for next year.’

Click Image To View Full Size

Figure 3 : An EW seismic line over the South Bokor Structure

A description of the seismic from professional geologist Justin Snelling follows.  ‘Our preliminary view of the seismic reflections across the top of the structure is that they are mostly sub-parallel bedded, with seismic features that encourage us to believe there may be a thick sealing mudstone band which can form a good seal just above the mapped surface. The reflections within the anticline are discontinuous, structurally more complex, and display higher amplitudes, encouraging us to hope for significant reservoir rock development. If we are correct in our assumptions, then it is likely that fluids are trapped within this closed structure. Until the structure is drilled however, and actual petrophysical data gathered, there is no way to know what the composition of these rocks might be, nor that of any hydrocarbon fluids which may have been trapped within this four-way closure, or yet the potential value of any such resources trapped in this structure.’

Additional processing and interpretation is ongoing across the entire 24 lines of completed seismic.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.  The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII.   The company then removed all parks and protected areas and added 220 square kilometers, making the just over 4270 square kilometers.   Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Saskatchewan, Canada.

CONTACT: Delayne Weeks – CEO

Email: info@angkorresources.com Website: angkor resources.com Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

Neither 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 release.

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing.  Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Trading resumes in:

Company: Angkor Resources Corp.

TSX-Venture Symbol: ANK

All Issues: Yes

Resumption (ET): 11:15 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/October2025/06/c0189.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

The silver price kept surging on Friday (October 3), breaking US$48 per ounce.

The white metal last reached this level in 2011, the same year it nearly hit US$50 for only the second time in history. Silver’s first run to the US$50 level came in 1980, when the Hunt brothers attempted to corner the market.

Silver price chart, December 31, 2024, to October 3, 2025.

Known for lagging behind gold before outperforming, silver is now ahead of its sister metal in terms of percentage gains — it’s up close to 60 percent year-to-date, while gold has risen around 47 percent.

Still, silver remains below its all-time high, while gold continues to set new records — it’s been closing in on US$3,900 per ounce this week, buoyed by the US government shutdown.

Gold is also seeing underlying support from strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Silver acts as both a precious and industrial metal, meaning that it’s driven by many of the same factors as gold, but also has additional sources of demand. According to the Silver Institute, industrial demand for silver reached a record 680.5 million ounces in 2024, driven by usage in grid infrastructure, vehicle electrification and photovoltaics.

Total silver demand was down 3 percent year-on-year in 2024, but still exceeded supply for the fourth year in a row, resulting in a deficit of 148.9 million ounces for the year.

Watch five experts share their thoughts on the outlook for silver.

As silver gets closer to surpassing its all-time high, investors are wondering about its long-term prospects.

While many experts have lofty expectations for silver, including triple-digit price predictions, there’s a broad consensus that the white metal may correct before continuing on upward.

However, there’s also recognition that silver’s situation today is different than it was previously.

‘If you have something happen with the supply, and then on top of that at some point you’re running into issues with debt loads and currencies, that would certainly leave us probably into a much different environment for silver than either 1980 or 2011,’ said Chris Marcus, founder of Arcadia Economics.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Apollo Silver Corp. (‘ Apollo Silver ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that due to strong investor demand from current shareholders, the Company has elected to increase the size of its previously announced non-brokered private placement offering and will now offer up to 7,437,680 (the ‘ Units ‘) of the Company at a price of $3.60 per Unit, for aggregate gross proceeds of up to $26,775,648 (the ‘ Upsized Offering ‘).

Each Unit issued pursuant to the Upsized Offering will consist of one common share (a ‘ Share ‘) in the capital of the Company and one common Share purchase warrant (a ‘ Warrant ‘). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company’s Shares trade on the TSX Venture Exchange (the ‘ TSXV ‘) at a closing price of $7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the ‘ Acceleration Provision ‘)

All securities issued in connection with the Upsized Offering will be subject to a four-month hold period from the date of closing. Finder’s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSXV. The Company intends on using the net proceeds from the Upsized Offering to continue advancing the Calico Silver Project in San Bernardino, California; to support community relations initiatives at Cinco de Mayo Silver Project in Chihuahua, Mexico; to cover ongoing property maintenance costs at both projects; and for general corporate purposes.

Closing of the Upsized Offering is subject to final regulatory approval including that of the TSXV.

Insider Participation

The Upsized Offering will include participation by certain insiders of the Company, which constitutes a ‘related party transaction’ under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The issuance of securities to insiders will be exempt from the formal valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirement pursuant to section 5.7(a) of MI 61-101, as the fair market value of the securities issued to related parties does not exceed 25% of the Company’s market capitalization.

The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

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 release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the Upsized Offering; and the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Global equities climbed this week as investors weighed looming risks from the US government shutdown, which delayed the release of essential jobs data on Friday (October 3).

Macro headlines emphasized the possible economic impact. However, despite uncertainty, both the S&P/TSX Composite Index (INDEXTSI:OSPTX) and Wall Street advanced this week, with the S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) touching multiple record intraday highs.

The strength of the technology sector was a key driver behind these gains.

Chipmakers, tech infrastructure companies and artificial intelligence (AI) stocks led the rally, with gains to NVIDIA (NASDAQ:NVDA) and other semiconductor stocks underpinning broader market optimism.

The Nasdaq rose about 1.36 percent over the week’s five sessions.

Nasdaq Composite performance, September 29 to October 3, 2025.

Chart via Google Finance.

3 tech stocks that moved markets this week

1. CoreWeave (NASDAQ:CRWV)

CoreWeave landed up to US$14.2 billion in new business from Meta Platforms (NASDAQ:META) on the heels of a US$6.5 billion deal with OpenAI. Investors view this as affirmation of CoreWeave’s rising importance in the rapidly growing AI hardware market. CoreWeave climbed 11.6 percent, from US$120.71 to US$134.79, this week.

2. Shopify (NYSE:SHOP)

This Canadian e-commerce company’s shares soared after it received a price target upgrade this week.

TD Securities reinstated its ‘hold’ rating for Shopify and raised its price target from US$130 to US$156, citing strong revenue growth prospects and a strategic partnership with OpenAI to enable merchants to sell products directly through ChatGPT. Shopify’s share price climbed 13.68 percent this week, rising from US$141.75 to US$161.14.

3. Intel (NASDAQ:INTC)

Reports of a major chip-manufacturing agreement between Intel and Advanced Micro Devices (NASDAQ:AMD) surfaced on Friday. The deal reportedly involves Intel producing AMD-designed chips at its foundries.

The report was well received by investors, contributing to Intel’s strong share price performance and reflecting positive momentum for Intel’s manufacturing capabilities and growth strategy. AMD’s official response was a brief acknowledgment of the ongoing speculation, with no explicit denial. Shares of Intel saw a 6.69 percent increase this week, climbing from US$34.52 to US$36.83. AMD advanced by 2.84 percent.

Shopify, CoreWeave and Intel performance, September 29 to October 3, 2025.

Chart via Google Finance.

ETF performance

This week, the VanEck Semiconductor ETF (NASDAQ:SMH) gained 3.68 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) increased by approximately 3.39 percent.

For its part, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced about 3.06 percent.

These gains reflect ongoing investor optimism for AI innovation and infrastructure buildup.

Other tech market news

            Tech news to watch next week

            Despite political wrangling and macro uncertainty, the technology sector has entered the fourth quarter showing positive momentum. AI hardware remains a pivotal theme, while landmark deals and investment rounds underscore bullish sentiment among both corporate insiders and institutional investors.

            Careful navigation of evolving US policy, global supply chain challenges and shifting capital flows will be critical for tech sector leadership as the final quarter of 2025 progresses.

            Next week, investors will await commentary following a planned meeting between Canadian Prime Minister Mark Carney and US President Donald Trump in Washington on October 6 to negotiate a deal to reduce US tariffs.

            Their meeting precedes a scheduled review of the US-Mexico-Canada Agreement.

            US Federal Reserve discussions and related market updates will continue shaping investor sentiment as markets await more clarity on monetary policy and inflation dynamics. The likelihood of delays in key economic data releases remains high due to the ongoing US government shutdown.

            Q3 earnings from Applied Digital (NASDAQ:APLD), set for release on October 9, will provide insights into the company’s progress on its AI-focused data center expansions. The report could be a key indicator of trends and demand in the rapidly growing AI infrastructure market, potentially influencing broader industry sentiment.

            Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

            This post appeared first on investingnews.com

            The big news impacting markets this week is the shutdown of the US government.

            While lawmakers were trying to find a funding solution, Democratic and Republican lawmakers were at loggerheads over maintaining funding for Medicaid programs. It marks the first time in seven years that the government has been shut down — the last time came during negotiations over the disputed US-Mexico border wall in December 2018.

            President Donald Trump has resolved to use the closure to push through the firing of thousands of federal government employees and cut funding to projects promised by Democrats.

            Additionally, the jobs report, scheduled for release on Friday (October 3), was delayed, causing greater uncertainty for analysts and investors who were trying to gauge the strength of the economy in September.

            Despite the lack of official government data, payroll processor ADP reported a loss of 32,000 jobs in September. The decline represents a significant difference from the 45,000 jobs analysts had expected to be added.

            Lawmakers aren’t scheduled to return to the negotiating tables until early next week.

            For more on what’s moving markets this week, check out our top market news round-up.

            Markets and commodities react

            Canadian equity markets were in positive territory this week by the end of trading Friday.

            The S&P/TSX Composite Index (INDEXTSI:OSPTX) continued its record breaking performance this week, gaining 2.33 percent on the week to close Friday at 30,471.68.

            The S&P/TSX Venture Composite Index (INDEXTSI:JX) performed even better, ending the week up 4.38 percent to 964.04. The CSE Composite Index (CSE:CSECOMP) was up 3.3 percent on to close out the week at 180.03.

            The gold price continued to climb this week, setting another new record, as it achieved an intraday high of US$3,893.82 per ounce on Thursday (October 2). It was still up 3.63 percent on the week at US$3,884.19 by Friday’s close.

            The silver price saw more significant gains, rising 6.31 percent to set a year-to-date high of US$48.30 per ounce during trading on Friday before settling at US$47.95 per ounce by 4:00 p.m. EDT.

            The silver price is trading at 14 year highs and has been closing in on records set in April of that year.

            Copper had sizable gains this week as the fallout from the closure of Freeport’s Grasberg mine continued to ripple through the market. The copper price was up 7.13 percent this week to US$5.11 per pound.

            The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 2.12 percent to end Friday at 546.27.

            Top Canadian mining stocks this week

            How did mining stocks perform against this backdrop?

            Take a look at this week’s five best-performing Canadian mining stocks below.

            Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

            1. Prospector Metals (TSXV:PPP)

            Weekly gain: 355.56 percent
            Market cap: C$128.18 million
            Share price: C$1.23

            Prospector Metals is a gold explorer working to advance its flagship ML project in the Yukon, Canada.

            The 10,869 hectare property, situated near Dawson City, is located within the Tintina Gold Belt, which is home to significant historic mining operations and current exploration and development projects.

            Exploration at the site has led to the discovery of more than two dozen high-grade gold surface occurrences, including the Bueno target, which has delivered samples with grades of up to 156 grams per metric ton (g/t).

            Shares of Prospector surged following the release of assay results on Wednesday (October 1). In its announcement, the company reported significant near-surface, high-grade assays, with one highlighted sample returning grades of 13.79 g/t gold over 44 meters, and another showing 21.93 g/t gold over 24.65 meters, including 288 g/t gold over 1 meter.

            2. Sokoman Minerals (TSXV:SIC)

            Weekly gain: 200 percent
            Market cap: C$45.92 million
            Share price: C$0.165

            Sokoman Minerals bills itself as a discovery-oriented company with a portfolio of gold projects and one of the largest land positions in Newfoundland and Labrador, Canada. It also owns a 40 percent stake in the Killick lithium project, a 40/40/20 joint venture with Benton Resources (TSXV:BEX) and Piedmont Lithium (ASX:PLL).

            Its primary focus is its flagship Moosehead gold project, located in Central Newfoundland. The project consists of 98 claims covering 2,450 hectares and hosts an orogenic Fosterville-style gold system, according to Sokoman. The company has defined seven zones with high-grade mineralization through over 130,000 meters of drilling.

            Sokomon reported on September 12 that it planned to start diamond drilling at the site with a focus on testing the Eastern and Western Trend zones for depth extensions, as well as undiscovered parallel zones. Additionally, the company said on September 2 that it had expanded its land position at the Crippleback Lake gold-copper property to 13,000 hectares and planned to mobilize for induced-polarization surveys, sampling and mapping of the site.

            The most recent news from the company came on Monday (September 29), when it announced that Denis Laviolette was appointed to the roles of director, executive chair and CEO. Laviolette joins the company with over two decades of experience in the mining industry, including roles in geology and production, and as an industry analyst.

            The company also announced that Timothy Froude will be transitioning to the role of company president, having previously held both the president and CEO roles. Additionally, Gary Nassif, former senior vice president of Lode Gold Resources (TSXV:LOD,OTCQB:LODFF), was appointed as a director, and Greg Matheson, former COO of New Found Gold (TSXV:NFG,NYSEAMERICAN:NFGC), was named vice president of exploration.

            3. Kesselrun Resources (TSXV:KES)

            Weekly gain: 118.18 percent
            Market cap: C$10.82 million
            Share price: C$0.12

            Kesselrun Resources is an explorer working to advance the Huronian gold project in Ontario, Canada.

            The project is located in a region with significant exploration and mining assets, including Agnico Eagle Mines’ (TSX:AEM,NYSE:AEM) Hammond Reef project and New Gold’s (NYSE:NGD,TSX:NGD) Rainy River mine. Historic indicated resources at Huronian are 45,000 ounces of gold, with inferred quantities of 501,000 ounces or gold.

            Shares of Kesselrun surged this week after Gold X2 Mining (TSXV:AUXX,OTCQB:GSHRF) announced on Wednesday that it had signed a definitive agreement to acquire Kesselrun. Gold X2 said the transaction will give it a 100 percent interest in the Huronian project, which is located adjacent to its own Moss gold project.

            4. Royal Road Minerals (TSXV:RYR)

            Weekly gain: 104.35 percent
            Market cap: C$55.80 million
            Share price: C$0.235

            Royal Road is an exploration company working to advance its Güintar and Margaritas projects and the El Aleman mining concession in Colombia. The company acquired the adjacent Güintar and Margaritas properties, located near Medellin, from major miner AngloGold Ashanti (NYSE:AU,JSE:ANG) in 2019. Since that time, Royal Road has drilled a total of 13,700 meters across 45 drill holes at Güintar, while Margaritas remains untested.

            Assays have produced a highlighted intersection of 1 g/t gold equivalent over 303.7 meters, which includes 2.1 g/t gold, 12.4 parts per million silver and 0.6 percent copper over 62 meters.

            Shares of Royal Road gained this week alongside a pair of news releases. On Monday, the company announced that Rio2 (TSXV:RIO,OTCQX:RIOFF) has acquired approximately 15 percent of Royal Road’s issued and outstanding shares as part of a block trade; they were previously held by a single investor.

            The other release came on Tuesday (September 30), when Royal Road reported that it has engaged with state and local authorities, as well as the local community, to restart work at Güintar and Margaritas.

            5. StrikePoint Gold (TSXV:SKP)

            Weekly gain: 103.85 percent
            Market cap: C$12.06 million
            Share price: C$0.265

            StrikePoint Gold is an explorer with a focus on its Hercules gold project in Nevada, US.

            The 100 square kilometer site, located within the Walker Lane Trend, hosts five drill-tested targets, with over 300 holes. The company acquired the property in August 2024 from Elevation Gold Mining for a total consideration of C$250,000, along with a 3 percent royalty on certain claims. On April 28, the company released results from its spring drilling program, with one highlighted assay returning values of 0.54 g/t gold and 4.62 g/t silver from 32.04 meters below surface; that includes an interval of 1.14 g/t gold and 10.53 g/t silver over 4.57 meters.

            The most recent news from the project was announced on September 23, when StrikePoint said it had received drill permits for the Pony Meadows target. The company noted that it is permitted to mobilize up to three rigs, and will focus on a 2.6 kilometer structure that was revealed during surface exploration.

            StrikePoint said it has two additional permits for the Sirens and Como Comet targets.

            FAQs for Canadian mining stocks

            What is the difference between the TSX and TSXV?

            The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

            How many mining companies are listed on the TSX and TSXV?

            As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

            Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

            How much does it cost to list on the TSXV?

            There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

            The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

            These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

            How do you trade on the TSXV?

            Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

            Article by Dean Belder; FAQs by Lauren Kelly.

            Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

            Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

            This post appeared first on investingnews.com

            The gold price continued to move this week, approaching the US$3,900 per ounce level and setting a fresh all-time high on the back of a US government shutdown.

            The closure came after Congress failed to reach an agreement on a spending bill ahead of the new American fiscal year, which began on Wednesday (October 1).

            Democrats and Republicans are at odds as Democrats push for changes to the bill, including an extension to billions of dollars in Obamacare subsidies; meanwhile, President Donald Trump has threatened thousands of permanent layoffs, not just temporary furloughs.

            This shutdown is the 15th since 1981, and according to Senate Majority Leader John Thune, it could continue on until next week as the two sides negotiate. The longest government shutdown happened between 2018 and 2019, during Trump’s first presidency, and lasted for 35 days.

            Part of the reason market watchers see this shutdown as significant is that it will delay the release of the latest nonfarm payrolls report, which was set to come out on Friday (October 3).

            Depending on how long the shutdown lasts, September consumer price index data, which is scheduled for publication on October 15, may also not be on time.

            The US Federal Reserve is due to meet later this month, from October 28 to 29, and normally would use this and other data to help make its decision on interest rates. The central bank cut rates by 25 basis points at its September meeting, and CME Group’s (NASDAQ:CME) FedWatch tool currently shows strong expectations for another 25 basis point reduction at the next gathering.

            Although gold took a breather after nearing US$3,900, it remains historically high, with many market watchers suggesting US$4,000 is in the cards in the near term.

            In the longer term, some experts have even loftier expectations — for example, Adam Rozencwajg of Goehring & Rozenwajg sees a path to a five-figure gold price.

            ‘It’s not going to happen under normal circumstances — it’s not going to happen when everything’s going great. But by the end of this cycle, will we get there? I think we probably will,’ he said.

            It’s also worth touching on silver, which pushed past the US$48 per ounce mark this week. Unlike gold, silver has not yet broken its all-time high during this bull run — it’s pushing up against uncharted territory, raising questions about how high it can go this time.

            On that note, David Morgan of the Morgan Report shared several factors that would tell him the market is reaching a top. Here’s what he said:

            ‘You want to look at exchange-traded fund flows like the GDX, GDXJ, SIL and SILJ. At the same time, more important than almost anything is trading volume at the stock level. When mid-tier and smaller producers suddenly trade three, four or five times their normal daily volume, and prices are rising, that isn’t random. That’s retail money coming back into the market, and fund buying and probably institutions.

            ‘One more layer of confirmation is relative to performance. When the mining sector starts to outperform the S&P 500 (INDEXSP:.INX), which it has, and the Nasdaq (INDEXNASDAQ:.IXIC), which it has, it’s a telltale sign that the generalist money, not just the hard money crowd, is beginning to rotate in.’

            Bullet briefing — CEO shakeup at Barrick, Newmont

            Barrick Mining (TSX:ABX,NYSE:B) and Newmont (NYSE:NEM,ASX:NEM) both announced major executive changes this week, with the CEOs of both companies departing.

            Barrick’s Mark Bristow unexpectedly stepped down from his position on Monday (September 29) after nearly seven years at the helm of the firn. His exit, which was effective immediately, comes after big changes at the firm, including a shift toward copper and an asset divestment program designed to hone the company’s focus on tier-one assets.

            It also follows persistent issues in Mali, where Barrick lost control of its gold-mining complex and had 3 metric tons of the yellow metal seized by the government.

            According to Reuters, Bristow’s handling of that ongoing situation was the final straw that prompted the company’s board to push for a change in leadership.

            Newmont announced the retirement of Tom Palmer the same day. He had held the position since 2019, and will be succeeded by the company’s president and COO. Analysts note that Newmont had been signaling that a succession plan was in the works.

            Similar to Barrick, the company has been in the midst of an extensive program geared at streamlining its portfolio. Newmont acquired Newcrest Mining in 2023, and in February 2024 announced a program to sell non-core assets. It completed the program in April of this year, but has continued to make portfolio adjustments, and to pursue other cost-saving measures.

            Market watchers note that despite efforts to boost efficiency, Barrick and Newmont have both failed to match the performance of their peers during today’s bull market.

            Year-on-year share price performance of major gold miners.

            Chart via Google Finance.

            With gold-mining companies conscious of not repeating missteps made during the precious metal’s last runup, investors will no doubt be keen to see how they perform under new management.

            Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

            This post appeared first on investingnews.com

            Minera Alamos (TSXV:MAI,OTCQX:MAIFF) announced that it has completed its purchase of the Pan gold mine and two development-stage projects in Nevada from Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX).

            The Toronto-based company said Wednesday (October 1) that it closed the previously announced transaction to acquire the Pan mine, along with the Gold Rock and Illipah projects in White Pine County.

            Under the terms, Minera Alamos paid Equinox Gold roughly US$88 million in cash and issued nearly 97 million shares, leaving Equinox with a 9.15 percent stake in the company.

            The company also secured a US$25 million gold prepayment facility with Auramet International, structured as a 24-month loan repayable in 7,830 ounces of gold.

            Minera Alamos Chief Executive Darren Koningen said the acquisition provides both immediate production and a pipeline of late-stage assets.

            “We are excited to close this transformational acquisition for Minera Alamos,” Koningen said. “The addition of the Pan gold mine, along with the Gold Rock and Illipah projects, provides immediate production and cash flow while significantly expanding our late-stage project development pipeline.”

            Pan is a heap leach operation that has been producing around 40,000 ounces of gold annually. Combined with development plans at Copperstone, Cerro de Oro, and Gold Rock, Minera Alamos expects to eventually scale production to more than 175,000 ounces a year, according to earlier preliminary assessments.

            Meanwhile, the sale allows Equinox Gold to retain exposure to the Nevada assets through its minority equity stake in Minera Alamos.

            Equinox, which operates multiple mines across the Americas, said earlier it was looking to streamline its portfolio and recycle capital into core projects.

            For Minera Alamos, the addition of the Pan mine provides steady cash flow, while Gold Rock and Illipah add long-term optionality. Both development projects are in Nevada’s Battle Mountain–Eureka trend, a region known for its high concentration of producing gold mines.

            The Nevada acquisition represents the second major financing effort for Minera Alamos in less than two months.

            The company expects near-term contributions from Pan while advancing development work at Gold Rock and Illipah. Construction and permitting activities are underway, with timelines tied to gold market conditions and project economics.

            Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

            This post appeared first on investingnews.com