Mining Sector Advances Development Plans as Gold Holds Above $4,100 Level November 12, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold mining companies are translating development plans into tangible progress as gold trades near $4,140 per ounce this week[1], with project milestones spanning construction advancement, permitting approvals, and operational ramp-ups demonstrating sector-wide execution momentum. Companies at multiple development stages are delivering on stated timelines from drilling acceleration through facility commissioning, positioning themselves to capture value at elevated precious metal prices[2]. Among those demonstrating operational progress are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF), SSR Mining Inc. (NADSAQ: SSRM) (TSX: SSRM), Rio2 Limited (TSX: RIO) (OTCQX: RIOFF), and NeXGold Mining Corp. (TSXV: NEXG). Mining executives emphasize that successful project delivery requires disciplined execution across permitting, engineering, and construction phases, particularly as elevated gold prices enable advancement of quality assets through development stages[3]. Industry observers note that companies demonstrating consistent operational performance while maintaining cost discipline are positioned to maximize returns in the current price environment, with project advancement creating near-term catalysts across the development spectrum[4]. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is advancing toward becoming Tanzania's next gold producer through its fully permitted Imwelo Gold Project, located in the country's prolific Geita Greenstone Belt. The company has announced the mobilization of a second drill rig to accelerate completion of a critical 4,000-metre drilling program at Area C, the project's highest-grade zone and planned starter pit. With the first three holes now complete and the first two submitted for assay, results are expected in the coming days. The deployment of a second multipurpose rig positions LVG to deliver continuous drilling results through November and December while advancing final pit design and production readiness. Completion of the expanded program is now targeted for mid-December 2025. "Momentum continues to build at Imwelo," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We've completed three holes with assays pending on the first two, and with a second rig now on site, we're moving quickly to deliver continuous results through November and December as we refine the final pit design and advance toward production readiness." The Area C campaign is designed to address pre-construction priorities including definitive pit design with engineering inputs, upgrading classification of historical gold resources, testing for extensions beyond mapped zones, developing operational mining schedules, and refining gold recovery optimization strategies. "Drilling at Area C is progressing well, and we're very encouraged by what we're seeing in the core to date," said Hendrick Mering, Exploration Manager for Lake Victoria Gold. "The first three holes have intersected multiple zones of quartz veining and alteration consistent with our modeled mineralized horizons." The opening hole tested Area C mineralization at approximately 120 metres depth on the western edge of the zone, penetrating deeper than prior drilling. Historical assays from this vicinity include 6.8 metres at 14.6 g/t gold at 32m and 2.0 metres at 7.5 g/t from 22m, confirming production-grade gold potential at surface. The acceleration follows two major regulatory milestones. Lake Victoria Gold recently reached an agreement in principle with the Government of Tanzania on the statutory minimum 16% free carried interest framework. The company also secured environmental approval of its Updated Environmental and Social Management Plan, clearing the regulatory pathway for construction advancement. Imwelo sits just 12 kilometers from AngloGold Ashanti's flagship Geita mine and operates under a 10-year renewable mining license. Metallurgical recoveries exceed 90%, and the company targets first gold production within 12 months of breaking ground. Financial momentum accelerated with the closing of an oversubscribed $6 million financing in September, followed immediately by a concurrent $2 million private placement. The combined capital fuels work programs designed to trigger the pre-paid forward purchase facility with Monetary Metals, targeting non-dilutive construction financing. Beyond Imwelo, the Tembo Project offers LVG additional optionality through a planned 3,000m drilling program at Ngula 1, where historical intercepts of 28.57 g/t gold over 3 metres signal immediate toll milling potential. LVG also retains exposure to up to US$45 million in contingent milestone payments from the 2021 asset sale to Barrick's Bulyanhulu operation. With gold recently surpassing $4,300 per ounce for the first time in October, Lake Victoria Gold is advancing a fully permitted project in one of Africa's premier gold districts precisely when high-grade ounces command maximum value. NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below. 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: OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) has delivered strong performance in the third quarter with 103,500 ounces of gold produced and record quarterly revenue of $449 million supported by an average realized gold price of $3,476 per ounce. The company generated Free Cash Flow of $94 million in the quarter and $283 million year to date, maintaining a cash balance of $335 million with no debt. "The third quarter was another period of safe and responsible gold production in which we continued to generate substantial Free Cash Flow, despite it being the planned lowest production quarter of the year," said Gerard Bond, President and CEO of OceanaGold. "The significant Free Cash Flow we have generated year to date of $283 million has allowed us to pay a higher dividend in 2025, continue to strengthen our balance sheet and increase our share buyback program for 2025 by 75% to $175 million." The company has increased its share buyback program by 75% to $175 million and declared a $0.03 per share quarterly dividend payable in December 2025. With waste stripping at Haile and Macraes well advanced and fresh open pit ore now accessible at both mines, OceanaGold is positioned for its strongest quarter of the year in Q4, while permitting for the Waihi North Project is expected by year end. SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) has announced results of a Technical Report Summary for the Cripple Creek & Victor Gold Mine in Colorado with an after-tax NPV of $824 million at consensus gold prices averaging $3,240 per ounce, increasing to approximately $1.5 billion at a gold price of $4,000 per ounce. The operation demonstrates a 12-year mine life based on 2.8 million ounces of gold Mineral Reserves, with average annual production of 141,000 ounces expected from 2026 to 2028. "The transformational acquisition of CC&V established SSR Mining as the third largest gold producer in the United States, with two core operations each with mine lives in excess of 10 years," said Rod Antal, Executive Chairman of SSR Mining. "Including the total potential transaction outlay of $275 million, the results from this initial Technical Report Summary demonstrate a transaction IRR in excess of 100%, a truly exceptional outcome with meaningful growth potential for the operation still ahead." The acquisition has already paid back the initial $100 million upfront acquisition price in mine-site after-tax free cash flow, with an implied transaction IRR exceeding 100%. With nearly 4.8 million ounces of Measured & Indicated Mineral Resources and 2.0 million ounces of Inferred Mineral Resources exclusive of reserves, CC&V presents clear opportunity for future resource conversion and mine life extension. Rio2 Limited (TSX: RIO) (OTCQX: RIOFF) has advanced construction of its Fenix Gold Project in Chile to 63% completion at the end of Q3 2025, remaining on track and on budget for first gold production in January 2026. Total spend to date of $86.7 million aligns with the budget of $86.6 million, while the project has achieved 1,865,791 person-hours worked with a workforce that is 94% Chilean and includes 1,521 personnel currently employed at site. The company has installed 12.7 hectares of geosynthetics on the leach pad, guaranteeing six months of production capacity, with an additional 10 hectares expected to be delivered by year end. Mining of ore from haul road excavation work began in August, with 87,000 tonnes of ore placed onto the leach pad during Q3 at an average gold grade of 0.45 grams per tonne, equating to 1,260 ounces ready for plant commissioning in December and January. NexGold Mining Corp. (TSXV: NEXG) (OTCQX: NXGCF) has received Fisheries Act Authorizations from Fisheries and Oceans Canada for the construction and operation of the Goldboro Gold Project in Nova Scotia, representing the final federal authorizations and last major permits required prior to commencement of construction and future operations. The company received its Industrial Approval from the government of Nova Scotia in August 2025, completing the key provincial permitting requirements. "We are extremely pleased to have received our FAAs for the Goldboro Gold Project," said Kevin Bullock, President and CEO of NexGold. "Having received our Industrial Approval from the government of Nova Scotia in August, the receipt of the FAAs announced today provides NexGold with the last key permits required to advance towards construction and operations." NexGold is a gold-focused company with assets in Canada and Alaska, including the now fully-permitted Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario. The company also holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project located adjacent to tidewater in southeast Alaska. 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] (805) 649-0042 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; Cautionary Note on Production Decision: The Company cautions that it has not completed a feasibility study on the Imwelo Project that establishes mineral reserves demonstrating economic and technical viability. As a result, there is increased uncertainty and a higher risk of economic and technical failure associated with the Company’s production decision. In particular, there is no certainty that the planned low-capex open-pit operation will be economically viable or that planned production will occur as anticipated. Risks include, but are not limited to, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational or permitting risks.; 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. -- SOURCES CITED: 1. https://discoveryalert.com.au/news/global-gold-mining-expansion-projects-2025/ 2. https://markets.financialcontent.com/wral/article/marketminute-2025-11-6-gold-and-silver-mining-sector-shines-bright-with-new-discoveries-and-strategic-expansions 3. https://discoveryalert.com.au/news/gold-mine-project-success-2025/ 4. https://discoveryalert.com.au/gold-fields-2025-performance-gold-mining-sector/
Mining Sector Advances Development Plans as Gold Holds Above $4,100 Level November 12, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold mining companies are translating development plans into tangible progress as gold trades near $4,140 per ounce this week[1], with project milestones spanning construction advancement, permitting approvals, and operational ramp-ups demonstrating sector-wide execution momentum. Companies at multiple development stages are delivering on stated timelines from drilling acceleration through facility commissioning, positioning themselves to capture value at elevated precious metal prices[2]. Among those demonstrating operational progress are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF), SSR Mining Inc. (NADSAQ: SSRM) (TSX: SSRM), Rio2 Limited (TSX: RIO) (OTCQX: RIOFF), and NeXGold Mining Corp. (TSXV: NEXG). Mining executives emphasize that successful project delivery requires disciplined execution across permitting, engineering, and construction phases, particularly as elevated gold prices enable advancement of quality assets through development stages[3]. Industry observers note that companies demonstrating consistent operational performance while maintaining cost discipline are positioned to maximize returns in the current price environment, with project advancement creating near-term catalysts across the development spectrum[4]. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is advancing toward becoming Tanzania's next gold producer through its fully permitted Imwelo Gold Project, located in the country's prolific Geita Greenstone Belt. The company has announced the mobilization of a second drill rig to accelerate completion of a critical 4,000-metre drilling program at Area C, the project's highest-grade zone and planned starter pit. With the first three holes now complete and the first two submitted for assay, results are expected in the coming days. The deployment of a second multipurpose rig positions LVG to deliver continuous drilling results through November and December while advancing final pit design and production readiness. Completion of the expanded program is now targeted for mid-December 2025. "Momentum continues to build at Imwelo," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We've completed three holes with assays pending on the first two, and with a second rig now on site, we're moving quickly to deliver continuous results through November and December as we refine the final pit design and advance toward production readiness." The Area C campaign is designed to address pre-construction priorities including definitive pit design with engineering inputs, upgrading classification of historical gold resources, testing for extensions beyond mapped zones, developing operational mining schedules, and refining gold recovery optimization strategies. "Drilling at Area C is progressing well, and we're very encouraged by what we're seeing in the core to date," said Hendrick Mering, Exploration Manager for Lake Victoria Gold. "The first three holes have intersected multiple zones of quartz veining and alteration consistent with our modeled mineralized horizons." The opening hole tested Area C mineralization at approximately 120 metres depth on the western edge of the zone, penetrating deeper than prior drilling. Historical assays from this vicinity include 6.8 metres at 14.6 g/t gold at 32m and 2.0 metres at 7.5 g/t from 22m, confirming production-grade gold potential at surface. The acceleration follows two major regulatory milestones. Lake Victoria Gold recently reached an agreement in principle with the Government of Tanzania on the statutory minimum 16% free carried interest framework. The company also secured environmental approval of its Updated Environmental and Social Management Plan, clearing the regulatory pathway for construction advancement. Imwelo sits just 12 kilometers from AngloGold Ashanti's flagship Geita mine and operates under a 10-year renewable mining license. Metallurgical recoveries exceed 90%, and the company targets first gold production within 12 months of breaking ground. Financial momentum accelerated with the closing of an oversubscribed $6 million financing in September, followed immediately by a concurrent $2 million private placement. The combined capital fuels work programs designed to trigger the pre-paid forward purchase facility with Monetary Metals, targeting non-dilutive construction financing. Beyond Imwelo, the Tembo Project offers LVG additional optionality through a planned 3,000m drilling program at Ngula 1, where historical intercepts of 28.57 g/t gold over 3 metres signal immediate toll milling potential. LVG also retains exposure to up to US$45 million in contingent milestone payments from the 2021 asset sale to Barrick's Bulyanhulu operation. With gold recently surpassing $4,300 per ounce for the first time in October, Lake Victoria Gold is advancing a fully permitted project in one of Africa's premier gold districts precisely when high-grade ounces command maximum value. NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below. 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: OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) has delivered strong performance in the third quarter with 103,500 ounces of gold produced and record quarterly revenue of $449 million supported by an average realized gold price of $3,476 per ounce. The company generated Free Cash Flow of $94 million in the quarter and $283 million year to date, maintaining a cash balance of $335 million with no debt. "The third quarter was another period of safe and responsible gold production in which we continued to generate substantial Free Cash Flow, despite it being the planned lowest production quarter of the year," said Gerard Bond, President and CEO of OceanaGold. "The significant Free Cash Flow we have generated year to date of $283 million has allowed us to pay a higher dividend in 2025, continue to strengthen our balance sheet and increase our share buyback program for 2025 by 75% to $175 million." The company has increased its share buyback program by 75% to $175 million and declared a $0.03 per share quarterly dividend payable in December 2025. With waste stripping at Haile and Macraes well advanced and fresh open pit ore now accessible at both mines, OceanaGold is positioned for its strongest quarter of the year in Q4, while permitting for the Waihi North Project is expected by year end. SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) has announced results of a Technical Report Summary for the Cripple Creek & Victor Gold Mine in Colorado with an after-tax NPV of $824 million at consensus gold prices averaging $3,240 per ounce, increasing to approximately $1.5 billion at a gold price of $4,000 per ounce. The operation demonstrates a 12-year mine life based on 2.8 million ounces of gold Mineral Reserves, with average annual production of 141,000 ounces expected from 2026 to 2028. "The transformational acquisition of CC&V established SSR Mining as the third largest gold producer in the United States, with two core operations each with mine lives in excess of 10 years," said Rod Antal, Executive Chairman of SSR Mining. "Including the total potential transaction outlay of $275 million, the results from this initial Technical Report Summary demonstrate a transaction IRR in excess of 100%, a truly exceptional outcome with meaningful growth potential for the operation still ahead." The acquisition has already paid back the initial $100 million upfront acquisition price in mine-site after-tax free cash flow, with an implied transaction IRR exceeding 100%. With nearly 4.8 million ounces of Measured & Indicated Mineral Resources and 2.0 million ounces of Inferred Mineral Resources exclusive of reserves, CC&V presents clear opportunity for future resource conversion and mine life extension. Rio2 Limited (TSX: RIO) (OTCQX: RIOFF) has advanced construction of its Fenix Gold Project in Chile to 63% completion at the end of Q3 2025, remaining on track and on budget for first gold production in January 2026. Total spend to date of $86.7 million aligns with the budget of $86.6 million, while the project has achieved 1,865,791 person-hours worked with a workforce that is 94% Chilean and includes 1,521 personnel currently employed at site. The company has installed 12.7 hectares of geosynthetics on the leach pad, guaranteeing six months of production capacity, with an additional 10 hectares expected to be delivered by year end. Mining of ore from haul road excavation work began in August, with 87,000 tonnes of ore placed onto the leach pad during Q3 at an average gold grade of 0.45 grams per tonne, equating to 1,260 ounces ready for plant commissioning in December and January. NexGold Mining Corp. (TSXV: NEXG) (OTCQX: NXGCF) has received Fisheries Act Authorizations from Fisheries and Oceans Canada for the construction and operation of the Goldboro Gold Project in Nova Scotia, representing the final federal authorizations and last major permits required prior to commencement of construction and future operations. The company received its Industrial Approval from the government of Nova Scotia in August 2025, completing the key provincial permitting requirements. "We are extremely pleased to have received our FAAs for the Goldboro Gold Project," said Kevin Bullock, President and CEO of NexGold. "Having received our Industrial Approval from the government of Nova Scotia in August, the receipt of the FAAs announced today provides NexGold with the last key permits required to advance towards construction and operations." NexGold is a gold-focused company with assets in Canada and Alaska, including the now fully-permitted Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario. The company also holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project located adjacent to tidewater in southeast Alaska. 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] (805) 649-0042 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; Cautionary Note on Production Decision: The Company cautions that it has not completed a feasibility study on the Imwelo Project that establishes mineral reserves demonstrating economic and technical viability. As a result, there is increased uncertainty and a higher risk of economic and technical failure associated with the Company’s production decision. In particular, there is no certainty that the planned low-capex open-pit operation will be economically viable or that planned production will occur as anticipated. Risks include, but are not limited to, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational or permitting risks.; 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. -- SOURCES CITED: 1. https://discoveryalert.com.au/news/global-gold-mining-expansion-projects-2025/ 2. https://markets.financialcontent.com/wral/article/marketminute-2025-11-6-gold-and-silver-mining-sector-shines-bright-with-new-discoveries-and-strategic-expansions 3. https://discoveryalert.com.au/news/gold-mine-project-success-2025/ 4. https://discoveryalert.com.au/gold-fields-2025-performance-gold-mining-sector/