Gold Breaks Records, but the Real Run May Still Be Ahead August 12, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold set fresh records late last week as global equities rallied, and while prices eased on Monday, sentiment in the sector remains bullish. Even with gold miners now earning roughly twice the profits they saw during the 2011 peak, analysts say the equities remain undervalued compared to the metal’s performance. From early-stage explorers to established producers, activity is accelerating across the sector, with notable momentum building around a mix of companies operating on multiple continents, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF), Franco-Nevada Corporation (NYSE: FNV) (TSX: FNV), Thor Explorations Ltd. (TSV: THX) (OTCPK: THXPF), and Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX). One telling indicator is the Sprott Gold Miners ETF (SGDM), which has surged more than 70% year-to-date — a move many see as confirmation that gold’s uptrend still has room to run. Yet despite this strength, S&P Global Commodity Insights points out that the rally has yet to spark a broader surge in exploration. With gold holding firm above US$3,300 per ounce and some forecasts now eyeing US$4,000, the market appears to be entering a phase where sustained high prices could drive the next major wave of sector growth. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is moving closer to its goal of becoming Tanzania’s next gold producer, as construction at Nyati Resources’ processing plant enters the final stretch. Commissioning is expected to begin within the next four to six weeks, marking a key milestone in LVG’s plan to bring both its Tembo and Imwelo projects into production. The Nyati facility, located on one of LVG’s Tembo licences which is directly adjacent to Barrick’s massive Bulyanhulu Mine, already hosts a fully licensed 120 tonne-per-day (tpd) carbon-in-pulp (CIP) circuit. A second, much larger 500+ tpd line is nearing completion, which will lift total capacity beyond 600 tpd. The plant build includes dual regrind mills, extended leach circuits, and high-capacity leach tanks, supported by grid power with backup generation. Tailings facilities, on-site labs, and administrative infrastructure are in place, providing a turnkey processing solution with scalability in mind. David Scott, Managing Director Tanzania & Director of Lake Victoria Gold, recently visited the site and noted the completeness of the build. “It was impressive to see the scale and quality of construction firsthand,” said Scott. “The Nyati team has delivered a well-engineered plant with strong attention to detail across all critical circuits. With commissioning just weeks away, the site is clearly in the final stages of readiness. This facility will play a key role in enabling our development strategy at Tembo and beyond.” LVG is in the advanced stages of finalizing a binding toll milling agreement with Nyati that would secure exclusive processing rights for Tembo ore, alongside terms for capital participation and profit sharing. Low-grade commissioning stockpiles are already on the ROM pad, with systems undergoing dry testing ahead of startup. This processing readiness comes as LVG advances a 7,750m drill program at Area C within its fully permitted Imwelo Gold Project, just 12 km from AngloGold Ashanti’s Geita mine. The program is split between 3,750m of infill drilling for mine planning and 4,000m of step-outs to test mineralized extensions. Past results, including 6.8m at 14.6 g/t gold from 33m and 7m at 3.22 g/t from 27m, support Area C’s role as the initial mining pit. “We’ve designed this program to maximize Imwelo’s short-term production readiness while extending the upside case,” said Marc Cernovitch, President and CEO of Lake Victoria Gold. “The drill data will help us finalize early mine scheduling, validate pit design, and potentially unlock high-grade extensions. With Area C now fully defined as our initial production zone, we’re making meaningful progress toward becoming Tanzania’s next gold producer.” In parallel, 3,000m of drilling is planned at Ngula 1 on the Tembo Project, following up on prior hits such as 28.57 g/t over 3m from 54m and 17.23 g/t over 4m from 19m. The objective is to outline shallow, high-grade zones that could feed the Nyati plant early, potentially generating cash flow ahead of full-scale Imwelo development. Backing this dual-track strategy is exposure to a potential US$45 million in milestone payments from the company’s 2021 asset sale to Barrick’s Bulyanhulu operation. Financially, LVG also recently announced a non-brokered LIFE private placement of up to C$6 million, with an additional concurrent placement of up to C$1.5 million. Proceeds are earmarked for development and exploration at Tembo and Imwelo, and for working capital. With construction, drilling, and funding all advancing, LVG is building the operational platform to transition from explorer to producer in a rising gold market. CONTINUED… Read this and more news for Lake Victoria Gold at: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ In other industry developments and happenings in the market include: Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) reported drill results from the Wenot deposit in Guyana, including highlights of 17.36 g/t gold over 7.5m and 2.64 g/t over 41.8m. “Today's news marks another excellent batch of drill results from the resource expansion drill program at Wenot,” said Elain Ellingham, President and CEO of Omai. “These drill results again exemplify the multiple zones we have at Wenot, with each hole testing multiple gold zones across the wide Wenot shear corridor.” These results are part of an ongoing resource expansion program aimed at increasing the scale of the deposit. The company continues to encounter broad mineralized zones that could enhance project economics. Franco-Nevada Corporation (NYSE: FNV) (TSX: FNV) recently reported record Q2 2025 results with US$365.2M in revenue, driven by strong precious metals sales and a significant contribution from its diversified royalty and streaming portfolio. "I am very pleased with our record financial results this quarter," said Paul Brink, CEO of Franco-Nevada. “Our portfolio largely produced as expected for the quarter and higher gold prices contributed to record revenue, operating cash flow, Adjusted EBITDA margins and earnings.” The company benefited from higher gold prices and increased output from key assets, helping boost net income to US$222.3M, or US$1.13 per share. Franco-Nevada also declared a quarterly dividend of US$0.36 per share, reinforcing its position as a top royalty and streaming company in the sector. Thor Explorations Ltd. (TSV: THX) (OTCPK: THXPF) recently reported strong maiden drill results from its Guitry Gold Project in Côte d’Ivoire, following a 3,000m reverse circulation program completed in May and June 2025. Highlights included 10m grading 10.36 g/t gold from 57m, 5m at 12.65 g/t from 69m, and 3m at 14.50 g/t from 82m, among several other high-grade intercepts. "We are extremely pleased to report our first drilling results from Côte d'Ivoire,” said Segun Lawson, President and CEO of Thor Explorations. “The Guitry Project has scope to grow from here and we continue to target our maiden resource in the country by the end of this year.” The company plans follow-up drilling to expand these zones and test additional untested anomalies across the Krakouadiokro and Gbaloukro prospects. Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX) announced its Castle Mountain Mine Phase Two Project in California has been accepted into the U.S. FAST-41 federal permitting program, which aims to streamline environmental reviews and shorten timelines. Based on the posted FAST-41 schedule, permitting is expected to conclude by December 2026, with study updates and optimization now underway to align with that timeline. “Castle Mountain is a high-quality growth opportunity for Equinox Gold in a tier-one jurisdiction,” said Darren Hall, CEO of Equinox Gold. “Once in production Castle Mountain will be a cornerstone asset, reinforcing our strategy of building a portfolio of long-life, low-cost mines in top-tier jurisdictions." The project, forecast to produce about 200,000oz of gold annually over a 14-year mine life, is positioned to become a cornerstone asset in the company’s portfolio. Article Source: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ Baystreet.ca [email protected] (250) 999-4849 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Gold Breaks Records, but the Real Run May Still Be Ahead August 12, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold set fresh records late last week as global equities rallied, and while prices eased on Monday, sentiment in the sector remains bullish. Even with gold miners now earning roughly twice the profits they saw during the 2011 peak, analysts say the equities remain undervalued compared to the metal’s performance. From early-stage explorers to established producers, activity is accelerating across the sector, with notable momentum building around a mix of companies operating on multiple continents, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF), Franco-Nevada Corporation (NYSE: FNV) (TSX: FNV), Thor Explorations Ltd. (TSV: THX) (OTCPK: THXPF), and Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX). One telling indicator is the Sprott Gold Miners ETF (SGDM), which has surged more than 70% year-to-date — a move many see as confirmation that gold’s uptrend still has room to run. Yet despite this strength, S&P Global Commodity Insights points out that the rally has yet to spark a broader surge in exploration. With gold holding firm above US$3,300 per ounce and some forecasts now eyeing US$4,000, the market appears to be entering a phase where sustained high prices could drive the next major wave of sector growth. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is moving closer to its goal of becoming Tanzania’s next gold producer, as construction at Nyati Resources’ processing plant enters the final stretch. Commissioning is expected to begin within the next four to six weeks, marking a key milestone in LVG’s plan to bring both its Tembo and Imwelo projects into production. The Nyati facility, located on one of LVG’s Tembo licences which is directly adjacent to Barrick’s massive Bulyanhulu Mine, already hosts a fully licensed 120 tonne-per-day (tpd) carbon-in-pulp (CIP) circuit. A second, much larger 500+ tpd line is nearing completion, which will lift total capacity beyond 600 tpd. The plant build includes dual regrind mills, extended leach circuits, and high-capacity leach tanks, supported by grid power with backup generation. Tailings facilities, on-site labs, and administrative infrastructure are in place, providing a turnkey processing solution with scalability in mind. David Scott, Managing Director Tanzania & Director of Lake Victoria Gold, recently visited the site and noted the completeness of the build. “It was impressive to see the scale and quality of construction firsthand,” said Scott. “The Nyati team has delivered a well-engineered plant with strong attention to detail across all critical circuits. With commissioning just weeks away, the site is clearly in the final stages of readiness. This facility will play a key role in enabling our development strategy at Tembo and beyond.” LVG is in the advanced stages of finalizing a binding toll milling agreement with Nyati that would secure exclusive processing rights for Tembo ore, alongside terms for capital participation and profit sharing. Low-grade commissioning stockpiles are already on the ROM pad, with systems undergoing dry testing ahead of startup. This processing readiness comes as LVG advances a 7,750m drill program at Area C within its fully permitted Imwelo Gold Project, just 12 km from AngloGold Ashanti’s Geita mine. The program is split between 3,750m of infill drilling for mine planning and 4,000m of step-outs to test mineralized extensions. Past results, including 6.8m at 14.6 g/t gold from 33m and 7m at 3.22 g/t from 27m, support Area C’s role as the initial mining pit. “We’ve designed this program to maximize Imwelo’s short-term production readiness while extending the upside case,” said Marc Cernovitch, President and CEO of Lake Victoria Gold. “The drill data will help us finalize early mine scheduling, validate pit design, and potentially unlock high-grade extensions. With Area C now fully defined as our initial production zone, we’re making meaningful progress toward becoming Tanzania’s next gold producer.” In parallel, 3,000m of drilling is planned at Ngula 1 on the Tembo Project, following up on prior hits such as 28.57 g/t over 3m from 54m and 17.23 g/t over 4m from 19m. The objective is to outline shallow, high-grade zones that could feed the Nyati plant early, potentially generating cash flow ahead of full-scale Imwelo development. Backing this dual-track strategy is exposure to a potential US$45 million in milestone payments from the company’s 2021 asset sale to Barrick’s Bulyanhulu operation. Financially, LVG also recently announced a non-brokered LIFE private placement of up to C$6 million, with an additional concurrent placement of up to C$1.5 million. Proceeds are earmarked for development and exploration at Tembo and Imwelo, and for working capital. With construction, drilling, and funding all advancing, LVG is building the operational platform to transition from explorer to producer in a rising gold market. CONTINUED… Read this and more news for Lake Victoria Gold at: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ In other industry developments and happenings in the market include: Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) reported drill results from the Wenot deposit in Guyana, including highlights of 17.36 g/t gold over 7.5m and 2.64 g/t over 41.8m. “Today's news marks another excellent batch of drill results from the resource expansion drill program at Wenot,” said Elain Ellingham, President and CEO of Omai. “These drill results again exemplify the multiple zones we have at Wenot, with each hole testing multiple gold zones across the wide Wenot shear corridor.” These results are part of an ongoing resource expansion program aimed at increasing the scale of the deposit. The company continues to encounter broad mineralized zones that could enhance project economics. Franco-Nevada Corporation (NYSE: FNV) (TSX: FNV) recently reported record Q2 2025 results with US$365.2M in revenue, driven by strong precious metals sales and a significant contribution from its diversified royalty and streaming portfolio. "I am very pleased with our record financial results this quarter," said Paul Brink, CEO of Franco-Nevada. “Our portfolio largely produced as expected for the quarter and higher gold prices contributed to record revenue, operating cash flow, Adjusted EBITDA margins and earnings.” The company benefited from higher gold prices and increased output from key assets, helping boost net income to US$222.3M, or US$1.13 per share. Franco-Nevada also declared a quarterly dividend of US$0.36 per share, reinforcing its position as a top royalty and streaming company in the sector. Thor Explorations Ltd. (TSV: THX) (OTCPK: THXPF) recently reported strong maiden drill results from its Guitry Gold Project in Côte d’Ivoire, following a 3,000m reverse circulation program completed in May and June 2025. Highlights included 10m grading 10.36 g/t gold from 57m, 5m at 12.65 g/t from 69m, and 3m at 14.50 g/t from 82m, among several other high-grade intercepts. "We are extremely pleased to report our first drilling results from Côte d'Ivoire,” said Segun Lawson, President and CEO of Thor Explorations. “The Guitry Project has scope to grow from here and we continue to target our maiden resource in the country by the end of this year.” The company plans follow-up drilling to expand these zones and test additional untested anomalies across the Krakouadiokro and Gbaloukro prospects. Equinox Gold Corp. (NYSE-American: EQX) (TSX: EQX) announced its Castle Mountain Mine Phase Two Project in California has been accepted into the U.S. FAST-41 federal permitting program, which aims to streamline environmental reviews and shorten timelines. Based on the posted FAST-41 schedule, permitting is expected to conclude by December 2026, with study updates and optimization now underway to align with that timeline. “Castle Mountain is a high-quality growth opportunity for Equinox Gold in a tier-one jurisdiction,” said Darren Hall, CEO of Equinox Gold. “Once in production Castle Mountain will be a cornerstone asset, reinforcing our strategy of building a portfolio of long-life, low-cost mines in top-tier jurisdictions." The project, forecast to produce about 200,000oz of gold annually over a 14-year mine life, is positioned to become a cornerstone asset in the company’s portfolio. Article Source: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ Baystreet.ca [email protected] (250) 999-4849 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.