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Putin says Russia regains control of Kursk border region but Ukraine says fighting continues

Russian President Vladimir Putin has claimed that his country has regained control of Kursk, the border region where Ukraine launched a surprise offensive last year, though Ukraine’s army says fighting continues.

“The Kyiv regime’s adventure has completely failed,” Putin said Saturday, congratulating the Russian forces that he said defeated the Ukrainian military in the region in what would be a symbolic boost for Moscow at a crucial point in the war.

But the General Staff of Ukraine’s Armed Forces said in a Telegram post that Putin’s claim about the end of hostilities in Kursk was “not true.”

“The defensive operation of the Ukrainian Defense Forces in the designated areas in Kursk region continues. The operational situation is difficult, but our units continue to hold their positions and perform their assigned tasks,” the Telegram post said.

Ukraine launched its shock incursion into Kursk in August, swiftly capturing territory in what was the first ground invasion of Russia by a foreign power since World War II.

Since then, Russia, with support from North Korean soldiers, has been fighting to oust Ukraine’s forces from its borders, while Kyiv had poured precious resources into holding onto its territory there, with the view of using it as a key bargaining chip in any peace talks. The operation was also launched to relieve pressure from the embattled eastern frontline.

In his address, Putin said recapturing Kursk “creates conditions for further successful actions of our troops in other important areas of the front.”

In a post on Telegram, Valery Gerasimov, chief of the Russian General Staff, thanked the North Korean soldiers, praising their “high professionalism, steadfastness, courage and heroism in battle.”

Ukrainian officials and Western intelligence reports found that about 12,000 North Korean soldiers had been sent to fight in Russia.

If Putin’s claims are true, hopes of using Kursk as a bargaining counter are now gone and Ukraine’s retreat has the potential to dent Kyiv’s political clout as well as its military’s morale after three years of war and with intense efforts underway towards finding peace.

Though the US has attempted to broker peace talks between Ukraine and Russia over recent months, tensions between the leaders of the three countries have meant that very little has come to fruition.

Another whirlwind week of diplomacy saw US President Donald Trump accuse Ukrainian President Volodymyr Zelensky of making it “so difficult to settle this war” for refusing to accept Russia’s annexation of Crimea but later saying Russia and Ukraine were “very close to a deal.”

On Saturday morning, at the funeral of the late Pope Francis in the Vatican, Zelensky briefly met with Trump for talks on potential peace negotiations. A White House spokesperson called the meeting “productive,” while Zelensky thanked Trump for the meeting, writing on X that it “has potential to become historic, if we achieve joint results.”

This story has been updated.

This post appeared first on cnn.com

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Trump’s MAGA imprint on GOP strong now, but will it last? Experts weigh in

President Donald Trump recently hyped a new national poll which indicates an increasing percentage of Republicans now identify as MAGA supporters.

The president, in a social media post, pointed to what he said was ‘tremendous support’ for MAGA, which is the acronym for Trump’s ‘Make America Great Again’ movement.

‘I am not, at all, surprised!!!’ Trump wrote, days ahead of the 100-days milestone.

The poll indicated that 71% of Republicans now identify as MAGA supporters, up from 55% in November.

The NBC News survey is the latest piece of evidence of Trump’s extremely firm grip over the GOP, and his remaking of the Republican Party in his image, a transformation that started with the president’s initial White House victory in 20216.

While the president repeatedly teases the possibility of running for re-election in 2028, the reality is that serving a third term is clearly prohibited by the Constitution under the 22nd Amendment.

So what happens to Trump’s MAGA movement and America First agenda after he departs the White House?

‘The Republican Party will never go back to what it was. The old Republican Party of [former longtime Senate GOP leader] Mitch McConnell run by Washington elites died forever in 2024,’ longtime Republican consultant Alex Castellanos told Fox News Digital.

Castellanos, a veteran of numerous GOP presidential campaigns, emphasized that ‘the Republican Party of Donald Trump is alive and growing out in America.’

And he made the case that ‘what happened in 2024 is that what was a man became a movement.’

David Kochul, another longtime Republican strategist with plenty of experience on the presidential campaign trail, concurred that ‘we’re not going back to what the party looked like in 2012. That’s for sure. We’re going forward to something new and different.’

Even a vocal Republican critic of Trump agrees.

Former congressman and former two-term Arkansas Gov. Asa Hutchinson, who launched an unsuccessful 2024 Republican presidential nomination bid, acknowledged that ‘those who want the GOP to go a different direction from the MAGA leadership of President Trump are now fighting an uphill battle.’

‘Trump has found his stride with his anti-immigrant message and it is overshadowing the chaos from his super-charged tariff war and its impact on the economy,’ Hutchinson told Fox News Digital.

Whoever succeeds Trump as GOP standardbearer – be it heir apparent Vice President JD Vance or someone else – won’t be Trump.

‘Trump is such a unique actor and figure. He can’t be replicated,’ Kochul stressed. ‘Nobody can be the next Donald Trump. That’s not possible. He’s singular.’

But his movement will have some staying power.

‘Just like the Reagan Revolution, Trump’s legacy and messaging will prevail beyond his last day in office,’ Dave Carney, another longtime Republican consultant and presidential campaign trail veteran, told Fox News. 

But Carney argued that Trump’s legacy may ‘wane over years unless the next Republican president continues it.’

‘Is it going to be as hot and heavy as it is now without his personality? Carney asked.

Answering his own question, he said, ‘No. You need to have a messenger to carry that theme.’

But Castellanos noted that Trump has ‘spawned a new younger generation of MAGA leaders who will carry on the MAGA movement long after Trump.’

Pointing to Vance and others, Castellanos described ‘a fresh generation of MAGA.’

‘The players on the MAGA farm team are now playing major league ball,’ he said.

Kochul, looking to the future of the GOP, said that ‘it will be more populist, whomever emerges.’

And as for those future leaders, he suggested that ‘we’ve got a lot of great leadership and a great bench.’

Hutchinson, a former U.S. attorney under Ronald Reagan and high-ranking official in George W. Bush’s administration, also weighed in on the future of Trump’s MAGA movement.

‘Whether Trump’s dominance continues beyond the next few years depends upon the tolerance level of the GOP base on Trump’s view that ‘he is the law’ rather than respecting the separation of powers that have served our country well,’ Hutchinson said.

This post appeared first on FOX NEWS

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Trump delivers different message on Gaza when recapping call with Netanyahu

President Donald Trump apparently pushed Israeli Prime Minister Benjamin Netanyahu on Gaza during their latest conversation. Trump told reporters aboard Air Force One that he told Netanyahu ‘You’ve got to be good to Gaza’ because the people there ‘are suffering.’

‘There’s a very big need for food and medicine, and we’re taking care of it,’ Trump told reporters. Trump also noted that Netanyahu ‘felt well’ about the push to get more aid into Gaza.

This message seems to mark a departure from the more aggressive stance he has taken in the past. Before he returned to office, Trump warned Hamas there would be ‘hell to pay’ if the hostages were not released. In February, when Netanyahu visited the White House, Trump suggested that the U.S. take over the Strip and turn it into a ‘riviera.’ 

A few days after Netanyahu’s visit to the White House, Trump said Israel should ‘let all hell break out’ if Hamas failed to release all remaining hostages by the U.S. president’s noon deadline. Hamas did not free the hostages, but Israel held off on resuming the war until March 18. Before ground operations restarted, 33 hostages were freed. 

Aid trucks have not entered Gaza since March 2, and there has been international uproar over the growing crisis inside the Strip. While Trump is seemingly pushing Netanyahu to change his approach to Gaza, Israel has said it would not let aid enter the Strip until the remaining hostages are released.

There is concern and frustration in Israel over allegations that aid has gone to Hamas terrorists instead of the people of Gaza. In November 2024, the Associated Press reported that prices in Gaza skyrocketed after nearly 100 trucks of food and humanitarian aid were looted by armed men. 

While speaking to the United Nations Security Council, freed Hamas hostage Eli Sharabi said his captors often had boxes of supplies with U.N. logos on them in the tunnels. Sharabi, who weighed just 97 pounds when he was released, said the hostages were starved while ‘Hamas eats link kings.’

The Coordinator for Government Activities in the Territories (COGAT), an Israeli agency, said that when the hostage deal was in place, 25,200 trucks entered Gaza carrying 447,538 tons of humanitarian aid.

This post appeared first on FOX NEWS

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Experts reveal Trump’s next move could be ‘nail in coffin’ for Biden-era regulations on nicotine

President Trump’s ‘nicotine freedom crusade’ rolling back Biden-era policies related to nicotine and tobacco products could be primed to reverse a key rule that experts who spoke to Fox News Digital say would be a critical step forward. 

Shortly before Trump was sworn into office, Biden’s FDA proposed a rule that it described at the time as ‘bold’ that ‘would make cigarettes and certain other combusted tobacco products minimally or nonaddictive by limiting the level of nicotine in those products.’

Cigarettes and ‘certain other combusted tobacco products’ would not be allowed to have more than 0.7 milligrams of nicotine per gram of tobacco under the proposed rule, according to the FDA. The agency said that lower nicotine levels would ‘be low enough to no longer create or sustain addiction.’ 

While the FDA insisted at the time that the rule ‘would not ban’ cigarettes, critics disagree and are optimistic that Trump will continue his push for nicotine freedom and upend the rule. 

‘The Biden legacy on tobacco policy is one of hamfisted regulations, crippling bureaucracy, and prohibition fueling massive criminal markets — from cigarettes to Chinese vapes,’ Rich Marianos, former assistant director of the ATF, executive director of the Tobacco Law Enforcement Network, told Fox News Digital. 

‘President Trump can put the nail in the coffin of that failed era by killing this insane ban on cigarettes and focusing resources on vigilant enforcement.’

Peter Brennan, Executive Director of the New England Convenience Store & Energy Marketers Association (NECSEM), told Fox News Digital that ‘prohibitionist tobacco policy’ ends up punishing small businesses by ‘taking sales out of our stores and pushing them into the streets and the illicit market.’

‘Biden’s plan to ban all cigarettes is a real threat that is still hanging over our heads.’ Brennan said. ‘We are hopeful that President Trump will help America’s convenience stores by putting a stop to this disastrous idea.’

Trump has taken several actions in the nicotine space since taking office, including withdrawing a proposed rule seeking to ban menthol cigarettes, after the Biden administration said it intended to make the ban become a reality after years of advocacy from anti-smoking groups.

Months later, FDA Tobacco Director Brian King, who critics believed was a key figure behind the administration’s efforts against banning menthols and the ‘war on nicotine’ was removed from his post in a move that experts who spoke to Fox News Digital praised earlier this month. 

‘President Trump has succeeded in his nicotine freedom crusade since taking office, repealing Biden’s misguided menthol ban and firing the FDA architect behind it,’ a Republican strategist who worked to elect Trump in 2024 told Fox News Digital this week. ‘The logical next step is to officially repeal a Biden-era rule on banning low nicotine products, which will be the final blow to Biden’s war on nicotine.’

Fox News Digital reached out to the FDA for comment. 

Biden’s perceived ‘war on nicotine,’ along with the surge in illicit Chinese vapes flooding the market over the last few years, is believed by some to have hurt his presidential campaign along with that of VP Kamala Harris, who eventually took his place on the ticket. 

‘If President Trump withdraws Biden’s disastrous rule that would effectively ban cigarettes, it would be a huge win for his working-class coalition,’ a person close to the Trump administration told Fox News Digital. 

Fox News Digital’s Alec Schemmel contributed to this report. 

This post appeared first on FOX NEWS

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Alex Soros in hot seat after left-wing outlet exposes what his dad’s network thinks of his online footprint

A recent profile piece on Alex Soros, the heir to the vast liberal mega donor George Soros’ progressive fundraising network, suggested the younger Soros has hurt the family brand with his public profile in recent years.

The article, posted by New York Magazine this week, takes place in Alex Soros’ luxury penthouse in Manhattan and characterizes the home as an example of his indifference to public opinion, which the story suggests hasn’t been beneficial to the family’s Open Society Foundations.

‘The setting itself is a testament to a certain indifference to public opinion on Alex’s part — or perhaps a lack of awareness,’ the story says. 

‘This past fall, he held a fundraiser at the apartment for vice-presidential candidate Tim Walz, then created a PR headache by posting photos from the event on social media, as is his custom after meeting heads of state and elected officials. (As a former OSF higher-up says, Alex likes to collect ‘shiny objects.’) 

‘It was deemed unhelpful to a presidential ticket straining to underscore its regularness that the son of the 94-year-old hedge-fund billionaire accused of puppeteering the Democratic Party was publicly advertising his centrality to the election effort from a New York City penthouse.’

Soros drew strong criticism on social media over the photo with Walz in his penthouse standing next to a vice presidential candidate who had been labeled as someone who would resonate with rural and working-class voters.

‘This guy goes around saying he’s a small town midwestern guy who understands the struggles of the middle class and then goes to hang out at the floating home in the sky of the world’s biggest billionaire nepo baby,’ digital strategist Greg Price wrote on X at the time.

‘A post like this does nothing to help Kamala Harris & Tim Walz win — if anything, it hurts them,’ journalist Jerry Dunleavy posted on X at the time. ‘So why would Soros post something like this? To publicly signal his power & influence within the next would-be presidential administration.’

New York Magazine wrote that Alex Soros’ ‘fondness for collecting powerful figures embarrasses people at the foundation.’

‘It also underscores his influence. OSF is by some measures the second-largest charitable foundation in the United States, trailing only the Gates Foundation. It gives out roughly $1.5 billion a year, and it spends its U.S. budget not only on liberal causes but also on some of the big dark-money nonprofits aligned with the Democratic Party, including America Votes, the Sixteen Thirty Fund, and the pro-Harris spending group Future Forward USA Action.’

Fox News Digital has documented Soros’ online presence, which includes all the photos he takes with Democratic politicians in recent years, and his Rolodex includes some of the most powerful politicians in the Democratic Party. During the Biden administration, Soros visited the White House over 22 times and met with both Biden and Harris.

His social media profiles have dozens of pictures of him and leading House and Senate Democrats since 2018. The two who appear the most are Senate Minority Leader Chuck Schumer of New York and former House Speaker Nancy Pelosi of California. Alex had at least nine meetings with Schumer, whom he referred to as his ‘good friend.’ 

Soros had at least eight visits with Pelosi, whom he has called the ‘greatest Speaker of the House in American History!’ 

Soros has donated millions to Democrats over the past several years, albeit far less than his father. In 2020, he contributed over $700,000 to the Biden Victory Fund, making him among its top donors. For the 2024 cycle, he maxed out $6,600 in donations directly to Biden’s campaign, federal filings show.

Since the 2018 elections, he has poured more than $5 million into federal political coffers. Records show that his largest contribution was $2 million to the Schumer-aligned Senate Majority PAC during this time. 

He’s also contributed hundreds of thousands in cash to the Nancy Pelosi Victory Fund, Democratic National Committee and Democratic Congressional Campaign Committee. He has given tens of thousands more to state Democratic parties and individual campaigns, many of which were maximum contributions. 

The article notes that the Soros network spent hundreds of millions in the last election cycle trying to elect Democrats and push progressive causes and that Soros was ‘probably the biggest liberal donor of the most recent election cycle’ but that it is ‘hard to know for sure because of untrackable dark-money spending.’

This post appeared first on FOX NEWS

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Here’s what happened during Trump’s 14th week in office

President Donald Trump is closing in on the first 100 days of his administration this week, wrapping up three months marked by an unprecedented use of executive orders, and continued discussions surrounding a peace deal between Russia and Ukraine. 

Trump met with Norwegian Prime Minister Jonas Gahr Store at the White House Thursday, where he said that he and other allies are trying to wrap up a deal between Moscow and Kyiv in the near future. Still, he said he would stick to his own timeline. 

‘I have my own deadline,’ Trump told reporters Thursday. ‘And we wanted to be fast. And the Prime Minister’s helping us.’

‘He wants it to be fast, too,’ he said. ‘And I think everybody in this, at this time in NATO, they want to see this thing happen.’

The White House did not provide comment to Fox News Digital regarding details of the deadline. 

Trump’s team has signaled optimism about a deal this week, and Vice President JD Vance disclosed on Wednesday that a proposal is on the table. However, he said that time is limited and if neither party agrees, the U.S. will withdraw itself from advancing those discussions. 

The deal would require both Russia and Ukraine to give up some of their territory, but that the lines would remain ‘close to where they are today,’ according to Vance. 

Here’s what also happened this week in the Trump administration:

Hegseth under fire 

The White House went to bat for Secretary of Defense Pete Hegseth, who has come under additional scrutiny following a New York Times report that Hegseth shared information about a March military airstrike against the Houthis in a Signal messaging app group chat that also included his wife, brother and personal lawyer. 

In March, the Atlantic reported about an initial Signal group chat that included Hegseth and Vance to discuss the same attack on the Houthis. In that chat, Atlantic editor-in-chief Jeffrey Goldberg was accidently included. 

The most recent incident has prompted lawmakers to call for Hegseth’s resignation, even though Hegseth maintains no war plans were disclosed in the chats. Despite a report from NPR that said the White House was considering finding a new secretary of defense amid the controversy, the Trump administration has voiced support for Hegseth this week. 

‘He is bringing monumental change to the Pentagon, and there’s a lot of people in the city who reject monumental change, and I think, frankly, that’s why we’ve seen a smear campaign against the Secretary of Defense since the moment that President Trump announced his nomination before the United States Senate,’ White House Press Secretary Karoline Leavitt told reporters Tuesday.

‘Let me reiterate: The president stands strongly behind Secretary Hegseth and the change that he is bringing to the Pentagon, and the results that he’s achieved thus far speak for themselves,’ Leavitt said.

Pope Francis funeral 

Trump and first lady Melania Trump departed Washington Friday morning to attend Pope Francis’ funeral in Rome Saturday. The Vatican announced that Pope Francis died Monday at the Vatican’s Casa Santa Marta. 

‘Rest in Peace Pope Francis!’ Trump said in a Monday post on Truth Social. ‘May God Bless him and all who loved him!’

The pope’s death came a day after Vance, who converted to Catholicism in 2019, met with him in one of the reception rooms of the Vatican hotel just hours before his death. 

Additionally, Trump signed an executive order Monday ordering all U.S. flags be flown at half-staff on all public buildings and grounds, at all military posts and naval stations, and on all naval vessels to remember Francis. The order also applies to all U.S. embassies, legations, consular offices and other facilities abroad, including military facilities and naval vessels and stations.

Former President Joe Biden and his wife, Jill, are also planning to attend the Rome funeral.

Education reforms 

Trump also signed seven executive orders pertaining to education, including several that would incorporate artificial intelligence into K-12 school curricula, modify school discipline and accreditation guidelines, and update requirements for the disclosure of foreign funding to schools.

Meanwhile, Trump’s Education Department also announced Monday it would resume collections on defaulted federal student loans in May for the first time since 2020. 

The first Trump administration paused referring federal student loans to collections in March 2020 during the beginning of the COVID-19 pandemic. But Trump administration officials are concerned that the pause has led the federal student loan portfolio to be ‘headed toward a fiscal cliff if we don’t start repayment in collections,’ according to a senior department official.

‘The result has been that the federal government student loan portfolio has continued to grow, and we’ve got a record number of borrowers that are at risk of or in delinquency and default,’ the senior department official told reporters Monday.

Fox News’ Emma Colton contributed to this report. 

This post appeared first on FOX NEWS

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$4,000 Gold on the Horizon? Why Smart Money Is Piling Into Select Miners Ahead of Q2 2026

Equity Insider News Commentary

Issued on behalf of Rua Gold Inc.

Equity Insider News Commentary Despite the hyperactivity in the markets and with gold prices, analysts at JP Morgan are still predicting $4,000 oz gold prices by Q2 2026 . And the optimism for gold bugs doesn’t end there, as a new report from Morningstar Equity Research is highlighting how these high gold prices support gold miner stocks. Now analysts from Jefferies are raising their price targets for gold mining stocks ahead of upcoming earnings reports. Several gold stocks are providing reason for their recent market attention, including developments from Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF), Contango Ore Inc. (NYSE-American: CTGO), Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF), Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), and Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF).

Seen as a safe haven, demand for the precious metal is on the rise along with prices themselves. As far as miners go, one can look to the ETFs to see that both the VanEck Junior Gold Miners ETF (GDXJ) and Sprott Junior Gold Miners ETF (SGDJ) have had a stellar 2025 so far, with +44.80% and +39.58% year-to-date performance respectively (as of April 24, 2025 ).

New Zealand -focused gold exploration company, Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) , recently reported encouraging new drill results from its Auld Creek project in the historic Reefton Goldfield, with assays pointing to improved gold grades at depth along the Fraternal ore shoot. Standout intercepts include 9.0 meters at 5.9 g/t gold equivalent (5.2 g/t Au and 0.16% Sb) from hole ACDDH027, and 1.25 meters at 48.3 g/t AuEq (13.3 g/t Au and 8.1% Sb) from ACDDH028. Importantly, these results—returned from 80 to 100 meters beneath the current resource envelope—appear to confirm that gold-antimony mineralization intensifies with depth, supporting the company’s model of a high-grade, south-plunging zone that remains open.

The Auld Creek project represents just one component of RUA’s broader 2025 exploration push across the Reefton district, where the company now holds 95% control over the historic goldfield.

Infographic – https://mma.prnewswire.com/media/2673500/Equity_Insider.jpg

RUA Gold is taking a fresh approach to one of New Zealand’s most storied gold districts—becoming the first modern explorer to deploy advanced geological modeling and AI-driven targeting across the Reefton Goldfield.

And it’s working.

At Auld Creek, the company’s flagship project, early drill campaigns have already delivered hits like 12 meters at 12.2 g/t gold equivalent, including a standout 2 meters at 54.8 g/t gold, while surface sampling has uncovered antimony grades topping 40%. Four mineralized shoots have been confirmed so far, but only two are factored into the current inferred resource: 700,000 tonnes grading 3.1 g/t gold and 1.1% antimony—suggesting considerable room to grow.

Meanwhile, the 2025 drill season is expanding across the district.

Active programs are now underway at Murray Creek and the Gallant prospect within the Cumberland camp. As a target prioritized by modern AI technology, Gallant sits just 3 kilometers from the historic Globe Progress mine, where OceanaGold pulled more than 610,000 ounces of gold between 2007 and 2016, on top of the 424,000 ounces produced before 1950. Taken together, the Reefton belt has historically yielded over 2 million ounces, with grades that once reached 50 g/t.

Gallant is being tested for potential extensions of a previously reported 20.7-meter vein grading 62.2 g/t gold, including a 1-meter blast of 1,911 g/t. At Murray Creek, visible gold has now been noted in the majority of holes—an encouraging sign for a system still in its early innings.

But RUA’s ambitions don’t end in Reefton.

On the North Island, the company is advancing its Glamorgan Project , located near OceanaGold’s Wharekirauponga (WKP) deposit. There, two large gold-arsenic anomalies—spanning more than 4 kilometers—have been mapped, and rock samples have returned assays as high as 43 g/t gold. With drill targeting already underway, Glamorgan could emerge as the company’s next high-impact play.

Although gold remains the central theme, antimony is quietly shaping up as a strategic wild card . In January 2025 , New Zealand added antimony to its official Critical Minerals List . With global supplies tightening and prices rising above US$50,000 per tonne , intercepts like 0.3 meters at 27.2 g/t gold and 1.35% Sb are starting to draw meaningful investor attention.

With a team behind $11 billion in mining exits , and $5.75 million in fresh capital, Rua Gold is not just exploring—it’s executing on a clear plan to unlock overlooked, high-grade potential across one of the Southern Hemisphere’s most underexplored gold belts.

CONTINUED… Read this and more news for Rua Gold at: https://equity-insider.com/2025/04/24/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

In other industry developments and happenings in the market include:

Contango Ore Inc. (NYSE-American: CTGO) recently announced a $9 million cash distribution from the Peak Gold JV , bringing total proceeds from Manh Choh gold sales in 2025 to $33 million .

‘Operations remain on track at Manh Choh with Contango’s share of gold production for 2025 expected to be 60,000 ounces at the previously guided all-in-sustaining costs (‘AISC’) of $1,625 per ounce of gold sold for 2025,’ Rick Van Nieuwenhuyse , President and CEO of Contango Ore . ‘We plan to release financial results from the Q1-2025 on May 14, 2025 .’

The first of four production campaigns has now been completed, with 20,000 ounces delivered to Contango’s account. A second campaign is scheduled to begin mid-May, with full-year production guidance holding at 60,000 ounces.

‘On our Johnson Tract, we are in final stages of completing the previously announced preliminary economic assessment(‘ PEA’) and expect to have it released by the end of April,’ added Van Nieuwenhuyse .

Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF) continues to advance its Los Reyes Project in Sinaloa, Mexico , with high-grade gold-silver intercepts from multiple zones, including Z-T, Central, Guadalupe East, Las Primas, and Fresnillo . Recent drilling highlights included 42.07 g/t AuEq over 1.0 m at Guadalupe East and 9.39 g/t AuEq over 10.5 m at Z-T, while new results from the Fresnillo generative target show near-surface mineralization extended by 120 metres .

‘2024 proved to be another transformational year for Prime: we drilled over 50,000 metres, expanded the Los Reyes resource, advanced technical de-risking and worked closely with our communities to earn our social license to operate,’ said Scott Hicks , CEO of Prime . ‘In 2025, we are looking forward to continuing our track record of exploration success while demonstrating our deep commitment to our local communities and the environment. We additionally plan to advance our understanding of Los Reyes toward a Preliminary Economic Assessment.’

Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) recently signed a mandate letter with a syndicate of global financial institutions, including Societe Generale , KfW IPEX-Bank , and Export Development Canada , to arrange up to US$700 million in structured project debt financing. This follows US$1.3 billion in previously announced LOIs from export credit agencies and marks a major step toward a fully funded construction package.

‘Securing this mandate with three globally recognized financial institutions that have expertise in structuring financing solutions for large-scale mining development is a pivotal step in delivering a fully funded construction package for the Troilus project,’ said Justin Reid , CEO of Troilus . ‘These institutions bring world-class mining finance expertise, and their participation further validates the project’s strong fundamentals and strategic importance. Project due diligence is underway in parallel with continued permitting and detailed engineering; our development schedule is on track as we advance Troilus towards construction.’

Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF) recently definitively confirmed its Surebet discovery as part of a large-scale, high-grade Reduced Intrusion Related Gold (RIRG) system, following a detailed geological study by the Colorado School of Mines . The study confirms two distinct but related mineralization styles tied to a single magmatic source, with visible gold increasing in grade and coarseness at depth.

Drilling has intercepted gold in 100% of 243 holes across a 1.8 km² area, including intercepts of 34.52 g/t AuEq over 39.0 meters. With the system still open in all directions, Surebet presents a compelling case for a major gold discovery in the heart of British Columbia’s Golden Triangle.

‘When you consider how widespread the high-grade gold mineralization is in the veins and RIRG zones, the source is potentially extremely large,’ said Roger Rosmus , Founder and CEO of Goliath Resources . ‘The more drilling and scientific studies we do at the Surebet discovery, the better it gets, and we are still high in the system that is open in all directions, and we are delighted with the prospect with what can be found as we continue to laterally and drill deeper for the source of the high-grade gold system.’

Article Source: https://equity-insider.com/2025/04/24/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

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Juggernaut Further Increases Oversubscribed Financing to $9,557,000 due to Tremendous Strong Demand from Institutions and Accredited Investors

(TheNewswire)

DR. QUINTON HENNIGH TECHNICAL ADVISOR

Vancouver, British Columbia TheNewswire – April 25 th, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’), further to its April 14 th and April 23 rd 2025, news releases, the Company is pleased to announce a further increase in its non-brokered financing of up to $9,557,000. Juggernaut welcomes this strategic investment from Crescat Capital Funds LLC (‘Crescat’) and technical support from Dr Quinton Hennigh. Juggernaut’s Big One Project is garnering strong interest and support from leading institutions and miners globally, confirming the quality of the newly discovered 11 km Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The exciting discovery is in an area of glacial and snowpack abatement next door to the gold-rich porphyry systems at Newmont Mining’s Galore Creek. The Big One Property is a discovery previously announced Jan 20 th (Click Link) with assays up to 79.01 gt gold (2.54 ozt gold) and 3157.89 gt silver (101.5 ozt silver) from over 200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that all remain open at surface. The Big One Project covers 33,693 hectares in a world-class geologic terrane with tremendous additional discovery potential in the heart of the Golden Triangle, British Columbia.

Dr. Quinton Hennigh has taken on the role of special technical advisor to the Company. He is the technical consultant for all Crescat’s gold and silver mining investments. Dr. Hennigh is a world-renowned exploration geologist with over 40 years of experience with major gold mining firms, Homestake Mining, Newcrest Mining, Newmont Mining, and Kirkland Lake/Fosterville. In just the last five years, Dr. Hennigh was instrumental in several material discoveries, including Goliath / Surebet, Newfound / Queensway, SCM / Isidorito, Eloro / Iska Iska, Snowline / Valley, Sitka / RC Gold Project, and Tectonic / Flat.

Dr. Hennigh stated , ‘The Big One gold-silver project has a very similar feel to Goliath’s Surebet gold discovery. To date, reconnaissance prospecting and sampling conducted by Juggernaut’s exploration team have identified a multitude of multi-meter thick quartz-sulfide veins, many of which have yielded +oz per tonne Au and multi-oz per tonne Ag assays. Early indications suggest there is a genetic association of veins with late-stage magmatism in the area, an association seen at Surebet. This season, Juggernaut has a clear mandate to follow up on these results with detailed mapping and channel sampling, much like Goliath did during the early days of the Surebet discovery. The Company’s mission is to get as many targets as possible ready for drill testing either late season or for 2026. I am very eager to see if a new ‘Surebet’ type discovery is in hand.

View Juggernaut videos by Clicking Here .

The charity flow-through funding will now consist of up to 9,160,000 charity flow-through units (‘CFT Units’), priced at $0.825 each, for gross proceeds of up to $7,557,000. Each CFT Unit will consist of one charity flow-through common share plus one warrant to purchase one non-flow-through common share at $0.75 for a sixty-month period with a forced accelerated conversion after 10 consecutive trading days at or above $1.50, callable at management’s discretion.

Juggernaut is concurrently raising up to 4,000,000 hard dollar units priced at $0.50 each for gross proceeds of up to $2,000,000. Each hard dollar unit will consist of one common share plus one warrant at $0.75 for a sixty-month period with a forced accelerated conversion after 10 consecutive trading days at or above $1.50, callable at management’s discretion, upon completion of the charity flow-through and hard dollar financings for a combined total of $9,557,000, which is projected to close on or before May 15, 2025. The proceeds will be used to explore Juggernaut’s properties located in Northwestern B.C. and for general working capital.

‘Gold exploration is all about swinging for the fence. Persevering with a diversified portfolio of great management and technical teams with bold targets is the key. The cool thing about Juggernaut is that it has the same geologic team as the one behind Goliath Resources, where their Surebet gold discovery has already been a home run, based on personal experience. We are happy to invest in Juggernaut and this team. It’s time for Big One, which may be the best target yet for this company and team. We are eager to support them with capital for another at-bat.’ – Kevin Smith, CFA, Founder & CEO of Crescat Capital .

Directors and officers of the company may acquire securities under the placement, which participation would be a ‘related party transaction’ as defined under Multilateral Instrument 61-101 (‘MI 61-101’). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Mr. Dan Stuart, Director, President, and CEO of Juggernaut, states:

‘We are pleased to strengthen our relationship, both with Crescat Capital as a strategic investor and Dr. Hennigh as a Special Technical Advisor and investor. I look forward to working with our partners who bring a proven track record of both financial and technical strength. This will enable Juggernaut to unlock the full potential of its assets over the long term, building value for all shareholders. This investment and strategic partnership, coupled with the ongoing support and interest from other globally recognized Institutions and senior miners, is a strong endorsement that clearly demonstrates the significant near-term discovery potential of our 100% controlled properties. Post financing, Juggernaut will have an extremely tight capital structure of just 30,025,297 shares, no debt, and a strong cash position of ~ $9,600,000. As such, we are well-positioned to move forward with our plans of drilling The Big One Discovery. With much anticipation, we look forward to executing the inaugural exploration program and reporting results.’

The Company may pay finder’s fees of the gross proceeds from the financing in cash, and compensation options on units being sold. This non-brokered private placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.

About Crescat Capital LLC

Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat’s mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat’s goal is industry-leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. Over the last several years, Crescat has been building activist stakes in a portfolio of precious metals explorers to express one of its primary macro themes. The company’s investment process involves a mix of asset classes and strategies to assist with each client’s unique needs and objectives, and includes Global Macro, Long/Short, Large Cap, and Precious Metals funds.

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

For more information, please contact

Juggernaut Exploration Ltd.

Dan Stuart

President, Director, and Chief Executive Officer

604-559-8028

info@juggernautexploration.com

www.juggernautexploration.com

Qualified Person

Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

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.

FORWARD LOOKING STATEMENT

Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Top 5 Canadian Mining Stocks This Week: Tag Oil Posts 76 Percent Gain

South of the border, cooling rhetoric from the Trump administration led what turned out to be a relatively quiet news week.

Markets were volatile at the start of the week, however, after US President Donald Trump suggested on April 17 that Federal Reserve Chairman Jerome Powell’s “termination couldn’t come fast enough.”

The president softened his stance on Tuesday (April 22) when he said he had no intention of firing the head of the US central bank, but called him a “major loser.” Trump has been critical of Powell, saying that he has been slow to react to the markets in making rate cuts.

For his part, Powell has remained steadfast in waiting for more data before making decisions to tackle interest rates, most recently saying the Fed was taking its time to analyze the effect of tariffs imposed by the Trump administration.

This week, the president also implied that the high tariffs of 145 percent he implemented against China may come down in the future, although he said they would not be removed entirely. The comments helped to ease market tension on Tuesday, although he didn’t say when he would lower them.

However, economists believe that unless there is a substantial reduction to the 10 to 20 percent range, trade between the countries will not be normalized.

China said it was open to working out a deal, but not until the US remove all tariffs levied against Chinese imports. The Chinese foreign ministry also contradicted Trump’s statements that the two countries had been in negotiations.

As for Canada, Statistics Canada released its monthly mineral production survey for February on Tuesday.

The report showed that metallic mineral production was down from January. Copper production fell to 32.42 million kilograms from 34.1 million kilograms, gold production fell to 16,431 kilograms from 16,969 kilograms and silver production declined to 20,543 kilograms from 22,634 kilograms.

Shipments mostly increased compared to January’s figures. Copper rose to 29.23 million kilograms from 28.58 million kilograms and gold shipments increased to 15,328 kilograms from 14,751 kilograms. Silver saw the only decline, dropping to 16,592 kilograms from 17,227 kilograms.

Markets and commodities react

In Canada, the S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.24 percent during the week to close at 24,710.51 on Friday (April 25), the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 2.25 percent to 653.82 and the CSE Composite Index (CSE:CSECOMP) surged 6.05 percent to 120.11.

US equity markets were highly volatile this week, but posted significant gains by close on Friday, with the S&P 500 (INDEXSP:INX) adding 5.67 percent to close at 5,525.22, the Nasdaq 100 (INDEXNASDAQ:NDX) gaining 7.82 percent to 19,432.56 and the Dow Jones Industrial Average (INDEXDJX:.DJI) rose 3.1 percent to 40,113.51.

The gold price climbed to a new high early in the week, touching the US$3,500 per ounce mark on Tuesday. However, by the end of the week it was in retreat, closing out Friday down 0.75 percent at US$3,307.54. The silver price went the opposite direction, rising 1.79 percent during the period to US$33.05.

In base metals, the COMEX copper price gained 3.16 percent over the week to US$4.89 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) fell 0.25 percent to close at 537.20.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

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

Stock 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 capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Tag Oil (TSXV:TAO)

Weekly gain: 76.47 percent
Market cap: C$32.77 million
Share price: C$0.15

Tag Oil is an oil and gas development company working to advance assets in Egypt’s Badr oil field.

The oilfield was first discovered in 1982 and has seen significant production since that time. Tag has been focused on exploration of the Abu Roash formation, and according to a November 2022 report, has estimated that its BED-1 concession contains more than 531.5 million barrels of oil in place, and represents an opportunity for successful commercial development.

Shares in Tag gained this week after the company announced on Tuesday that it had closed the sale of its 2.5 percent gross overriding royalty interests on the Cheal, Cardiff, Sidewinder, Puka and Cheal East operations in New Zealand. The company received the royalties in 2018 when it sold the assets.

Under the terms of the sale, the company received US$2.2 million, with the possibility of an additional US$300,000 in milestone payments. Tag stated the sale allows it to reallocate its resources to advancing its core business in Egypt.

2. Critical One Energy (CSE:CRTL)

Weekly gain: 63.27 percent
Market cap: C$12.65 million
Share price: C$0.40

Critical One is a critical mineral and uranium exploration company working to advance projects in Canada and Namibia.

The company’s uranium projects are located in Namibia and consist of the Madison West and the Madison North projects. They are situated in a region that hosts two producing uranium mines, the China National Nuclear Power (SHA:601985) led Rössing mine and CGN Power’s (OTC Pink:CGNWF,HKEX:1816) Husab mine.

The Madison West site covers an area of 35 square kilometers and hosts four primary prospects, including ML121, which has geological similarities to the deposits found at Rössing. The Madison North site covers an area of 26.13 square kilometers and has seen 50 holes completed over 3,720 meters.

Critical One’s newest asset is the Howells Lake antimony-gold project located near Thunder Bay in Ontario, Canada. The site is composed of 697 claims covering an area of 13,991 hectares. According to the project page, a historic resource estimate shows 51 million pounds of contained antimony from 1.7 million metric tons of ore with an average grade of 1.7 percent antimony.

Multiple parties previously owned the property, and on January 13, Critical One announced it had entered into a definitive purchase and sale agreement with Bounty Gold and the other vendors to acquire 100 percent of the project.

The company has not released any project news in the last week.

3. Patagonia Gold (TSXV:PGDC)

Weekly gain: 55.56 percent
Market cap: C$32.55 million
Share price: C$0.07

Patagonia Gold is a precious metals production and development company primarily focused on advancing its Cap-Oeste and Calcatreu underground projects in Argentina.

Located in Santa Cruz province, Cap-Oeste hosted open-pit mining operations until 2018. While Patagonia is working on the exploration and development of the underground resource at the site, it has been able to recover gold and silver from residual leaching on site.

In Patagonia’s management discussion and analysis, released on November 29, it reported that it had produced 1,415 ounces of gold and 65,046 ounces of silver from Cap-Oeste during the first nine months of 2024.

According to the company’s website, a 2018 mineral resource estimate for Cap-Oeste reported measured and indicated values of 704,300 ounces of gold and 21.43 million ounces of silver from 10.56 million metric tons of ore with average grades of 2.07 grams per metric ton (g/t) gold and 63.2 g/t silver.

Acquired in a deal with Pan American Silver (NYSE:PAAS,TSX:PAAS) in 2017, the Calcatreu project is located in Argentina’s Rio Negro province and covers approximately 90,000 hectares. A 2018 mineral resource estimate for Calcatreu reported measured and indicated values of 669,000 ounces of gold and 6.28 million ounces of silver from 9.84 million metric tons of ore with average grades of 2.11 g/t gold and 19.8 g/t silver.

The most recent news from the company came on Tuesday when it announced it had increased its loan facility with Cantomi Capital to US$50 million from US$45 million with a maturity date of December 31, 2026. The company intends to use the additional funds to continue the development at Calcatreu.

4. Azincourt Energy (TSXV:AAZ)

Weekly gain: 50 percent
Market cap: C$11.23 million
Share price: C$0.03

Azincourt Energy is a uranium exploration and development company working to advance projects in Canada.

One of its main focuses in 2025 is the Snegamook uranium project in the Central Mineral Belt of Newfoundland and Labrador. In October 2024, the company signed an option agreement to acquire a 100 percent stake in the property from BR Corporation.

The belt contains multiple uranium deposits including Paladin Energy’s (TSX:PDN,ASX:PDN) Michelin deposit, which hosts a measured and indicated resource of 82.2 million pounds of U3O8.

The property consists of 17 claims covering an area of 423 hectares and hosts proven shallow uranium mineralization. Previous exploration work discovered 1.3 kilometers of uranium bearing strike.

The most recent news from the project came on March 25, when Azincourt announced it was planning its inaugural work program that would include up to 1,000 meters of initial diamond drilling to confirm and expand on known uranium mineralization.

Its other focus this year has been at its East Preston project in the Athabasca Basin in Saskatchewan. The site covers 20,647 hectares and is one of the largest landholdings in the region.

Azincourt announced on April 1 that it was planning a geophysical program at the property in the fall, and in the winter it may perform follow-up diamond drilling on clay alteration zones discovered at the site in 2023 and 2024.

5. Novagold (TSX:NG)

Weekly gain: 49.88 percent
Market cap: C$2.31 billion
Share price: C$6.18

Novagold is a development company working to bring its Donlin Gold asset into production. The property, located in West-central Alaska, US, is currently a 50/50 joint venture between Novagold and Barrick Gold (TSX:ABX,NYSE:GOLD).

According to a June 2021 technical report, the property hosts proven and probable reserves of 33.85 million ounces of gold from 504.81 million metric tons of ore with an average grade of 2.09 g/t gold.

The report also demonstrated an after tax net present value of US$3.04 billion with an internal rate of return of 9.2 percent over a payback period of 7.3 years, all of which is based on a gold price of US$1,500 per ounce.

On Tuesday, the company announced that it and Paulson Advisers had entered into a definitive agreement with Barrick Gold to acquire Barrick’s 50 percent interest in the project for US$1 billion, with Novagold purchasing 10 percent of it for US$200 million. Upon completion, Novagold’s stake will increase to 60 percent and Paulson Advisers will hold a 40 percent stake.

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 February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 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.

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Editor’s Picks: Gold Price Touches US$3,500 in Volatile Week, M&A Heats Up

It was quite a week for the gold price.

The yellow metal continued its record-breaking streak early in the period, touching the US$3,500 per ounce level for the first time, but then saw a sharp pullback, even dropping briefly below US$3,300.

What’s behind gold’s latest moves? Market watchers have pointed to US President Donald Trump’s comments about Federal Reserve Chair Jerome Powell as the trigger for its latest spike.

In a Truth Social post on Monday (April 21), Trump said there could be a ‘SLOWING of the economy’ unless Powell — who he referred to as ‘Mr. Too Late’ — lowers interest rates.

Trump has criticized Powell heavily in recent days, saying last week that his ‘termination cannot come fast enough!’ That statement reignited discussions on whether Trump is able to fire Powell — Powell has said it can’t be done, and there isn’t any precedent since no president has ever tried to oust a Fed chair.

For now, the tension has subsided — Trump walked back his harsh words about Powell on Tuesday (April 22), saying he doesn’t intend to fire him, but still wants to see rate cuts.

‘I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates’ — Trump

Bullet briefing — Barrick to sell Donlin stake, CMOC to buy Lumina

Barrick to sell Donlin stake

Barrick Gold (TSX:ABX,NYSE:GOLD) has reached an agreement to sell its 50 percent stake in the Donlin gold project to affiliates of Paulson Advisers and NOVAGOLD Resources (TSX:NG,NYSEAMERICAN:NG).

The major gold miner will sell its interest in Donlin for US$1 billion in cash, with Paulson providing US$800 million and NOVAGOLD contributing the other US$200 million. Once the deal closes, Paulson will have a 40 percent interest in Donlin, while NOVAGOLD’s stake in the asset will rise from 50 percent to 60 percent.

Barrick President and CEO Mark Bristow said Donlin is an asset that ‘might be better suited in the hands of others,’ adding that the company is exiting at an ‘attractive valuation.’

While Donlin is one of the world’s largest gold projects, it is located in Alaska where infrastructure is scarce. At the same time, Barrick is looking to hone in on tier-one assets and boost its copper exposure.

Thomas Kaplan, chair of NOVAGOLD, said in a conference call after the sale was announced that his company ‘did not see eye-to-eye on a couple of things’ with Barrick, including the timing for a feasibility study for Donlin and the amount of drilling to conduct at the property.

Paulson Advisers, a longtime NOVAGOLD shareholder, is chaired by John Paulson, who is known for betting against the housing market during the great financial crisis.

In an interview with Bloomberg this week, the American billionaire said gold is ‘moving to a new level of valuation’ as central banks continue to buy.

CMOC to acquire Lumina

In other gold M&A news, CMOC Group (OTC Pink:CMCLF,HKEX:3993,SHA:603993) has agreed to buy Lumina Gold (TSXV:LUM,OTCQB:LMGDF) in a transaction worth C$581 million.

The all-cash deal will see CMOC pay C$1.27 per Lumina share.

Lumina is focused on its Cangrejos project, which it says is the largest primary gold deposit in Ecuador. A 2023 prefeasibility study outlines a 26 year mine life, with average annual payable production of 371,000 ounces of gold, plus average annual payable by-product output of 41 million pounds of copper.

‘After advancing the Cangrejos project for over 10-years and taking it from no defined resources to being poised to be one of the largest gold projects globally, the Lumina Group is excited for the transition of the Cangrejos project to CMOC,’ said Marshall Koval, CEO of Lumina Gold.

Well-known mining industry figure Ross Beaty is Lumina’s largest shareholder, while CMOC is a major producer of metals like molybdenum, tungsten, copper and cobalt.

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

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