Issued on behalf of RUA GOLD Inc.
VANCOUVER – Baystreet.ca News Commentary – Gold producers delivered record Q3 earnings as bullion averaged $3,456 per ounce during the quarter[1], with major miners reporting free cash flow exceeding $1 billion as profit margins expanded dramatically against stable production costs[2]. Gold reached an all-time high of $4,379 on October 17 before consolidating near $4,000, where it currently trades, as investors digest the 60% year-to-date rally while maintaining positions ahead of potential Federal Reserve rate cuts. The sector's operational leverage remains intact with companies positioned to convert sustained pricing strength into continued cash generation, drawing attention to well-funded operators including RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Gold Royalty Corp. (NYSE-American: GROY), Alamos Gold Inc. (NYSE: AGI) (TSX: AGI), Aris Mining Corporation (NYSE-American: ARMN) (TSX: ARIS), and Integra Resources Corp. (NYSE-American: ITRG) (TSXV: ITR).
Morgan Stanley analysts raised their 2026 gold forecast to $4,400 per ounce, projecting additional gains driven by persistent central bank demand and monetary easing expectations[3]. The expanding margin environment creates particularly favorable conditions for companies advancing high-grade projects, securing permits, or capturing royalty exposure, as production costs remain relatively stable while realized gold prices continue substantially above $3,500 per ounce[4].
RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) is advancing a district-scale opportunity in New Zealand that combines historic production, exceptional drilling results, and critical mineral exposure. The company recently announced the appointment of Simon Delander as Vice President, Risk, Stakeholder & Regulatory Affairs, signaling its strategic shift from explorer to developer. Delander brings over 25 years of experience navigating complex approvals and building relationships with regulators, Indigenous groups, and local communities from his work at Endura Mining and Evolution Mining.
"As we continue to advance our Reefton project, we cannot overstate the importance we attribute to strong, transparent, and proactive stakeholder engagement," said Robert Eckford, CEO of RUA GOLD. "Simon has a proven track record of delivering that will ensure RUA GOLD is well-positioned to navigate the regulatory landscape, de-risk our projects, and deepen our engagement with stakeholders."
The timing aligns with strong momentum at Auld Creek, where RUA GOLD has been delivering exceptional high-grade results including intercepts of 17m at 9.8g/t AuEq and 8m at 8.9g/t AuEq that significantly extend the strike of the current resource. A third drill rig has been mobilized to target over 4,000 metres of new drilling aimed at growing the gold-antimony resource above 300,000 ounces by year-end. Previous standout intercepts include 2.1 m at 64 g/t AuEq, composed of 5.5 g/t gold and 13.1% antimony.
RUA GOLD controls roughly 95% of the historic Reefton Goldfield on New Zealand's South Island, a district that produced more than 2 million ounces at grades up to 50 g/t. Across 120,000 hectares, the company has confirmed multiple stacked mineralized shoots at Auld Creek, with several targets still untested.
The antimony component adds strategic value. After China imposed export controls, prices surged past US$50,000 per tonne in 2025, and New Zealand has classified the metal as critical. Surface samples at Auld Creek have returned over 40% Sb, with several drill holes exceeding 8%.
On the North Island, RUA's Glamorgan project spans a 4 km gold-arsenic anomaly in the Hauraki Goldfield, home to the 10 Moz Martha mine. The anomaly has been refined using VRIFY's DORA AI engine, with drilling expected to begin in Q4.
With $14 million in the treasury and a leadership team behind US$11 billion in prior mining exits, RUA GOLD is positioned to deliver meaningful growth across both gold and antimony.
CONTINUED… Read this and more news for RUA GOLD at: https://usanewsgroup.com/2025/04/02/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:
Gold Royalty Corp. (NYSE-American: GROY) achieved record revenue in the third quarter of 2025, with Total Revenue, Land Agreement Proceeds and Interest increasing 76% to $4.6 million, equating to 1,323 gold equivalent ounces. For the first nine months of 2025, total revenue increased 40% to a record $12.6 million, equating to 3,918 gold equivalent ounces, driven by the operating performances from royalty interests in Borden, Borborema, Côté and Cozamin.
"The record-breaking third quarter has continued to crystallize our peer-leading revenue growth from an increasingly diverse portfolio of cash-flowing royalties and streams, including the continued ramp up of new large-scale, long-life mines at Côté, Vareš and Borborema," said David Garofalo, Chairman and CEO of Gold Royalty. "In addition, another quarter of positive free cash flow has allowed us to reduce debt, and we remain on track to be essentially debt free by the end of 2026."
The combined effect of an improved gold price in 2025 and Gold Royalty's exposure to primarily NSR royalties, which have no costs associated with higher gold prices, is expected to generate record-level cash flows in 2025. The Company's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.
Alamos Gold Inc. (NYSE: AGI) (TSX: AGI) delivered new financial records in the third quarter including record free cash flow of $130.3 million, while producing 141,700 ounces of gold and selling 136,473 ounces at an average realized price of $3,359 per ounce for record quarterly revenues of $462.3 million. Cash and cash equivalents increased 34% from the second quarter to $463.1 million, marking the Company's strongest ever financial position.
"We delivered a number of new financial records in the third quarter including record free cash flow of $130 million, while continuing to fund our high-return growth projects. This was driven by a further increase in production to 141,700 ounces and significant margin expansion," said John A. McCluskey, President and CEO of Alamos Gold. "Given unplanned downtime of the Magino mill at the end of September, and lower expected underground grades from Island Gold due to a seismic event in October, we are revising our 2025 production guidance lower by approximately 6%. These challenges are short-term and are not reflective of our strong outlook, nor our long-term track record. We expect a significant improvement starting in the fourth quarter with an 18% increase in production, and a 5% decrease in costs."
Alamos closed the sale of its Turkish development projects to Tümad Madencilik Sanayi ve Ticaret A.S in October, receiving the first payment of $160 million with remaining cash payments totaling $310 million expected on the first and second anniversaries of closing. With a growing cash balance of more than $600 million following the close of these transactions, the Company expects to reduce existing debt obligations and will assess opportunities to be active on its share buyback while continuing to fund its high-return growth projects including the Phase 3+ Expansion at Island Gold, Lynn Lake, and PDA.
Aris Mining Corporation (NYSE-American: ARMN) (TSX: ARIS) announced positive PEA results for its 100%-owned Toroparu Gold Project in Guyana, confirming a large-scale, long-life open pit gold project with robust economics—21.3-year mine life, 235 koz of average annual gold production, and $1.8 billion after-tax NPV5% at $3,000/oz gold. The PEA outlines production of doré and copper concentrates containing 5.0 Moz gold, 4.9 Moz silver, and 260 million pounds of copper over the life-of-mine, with low life-of-mine cash costs of $826/oz and all-in-sustaining costs of $1,289/oz.
"The Toroparu PEA outlines a major new growth and diversification opportunity for Aris Mining. After the GCM Mining and Aris Gold merger and the arrival of our management team in September 2022, we paused the Project's previous construction plans to reassess the Project on a first-principles basis, which included completing a new geological interpretation, updating the mineral resource estimate, and undertaking optimization studies," said Neil Woodyer, CEO of Aris Mining. "The result is a robust PEA that establishes a solid path forward. This is our second major technical study this year, following the Soto Norte Prefeasibility Study in September, and together they demonstrate the strength of our growth pipeline beyond Segovia and Marmato."
Aris Mining has initiated a prefeasibility study for Toroparu, targeted for completion in 2026, with the objective of advancing the project toward construction. The project features measured and indicated mineral resources of 126.9 million tonnes at 1.30 g/t Au containing 5.3 million ounces of gold, initial construction capital of $820 million, and an after-tax internal rate of return of 25.2% with payback in 3.0 years from the start of operations.
Integra Resources Corp. (NYSE-American: ITRG) (TSXV: ITR) announced strong third quarter results from its Florida Canyon Mine, producing 20,653 ounces of gold and selling 20,265 ounces while significantly increasing its quarter-over-quarter cash balance to $81.2 million. The Company generated record free cash flow while continuing to reinvest in high-return growth projects, with significant capital deployed at Florida Canyon in the areas of capitalized stripping, mining equipment enhancements, and leach pad expansion.
"Florida Canyon continues to deliver on expectations, generating meaningful cash flow to fund crucial reinvestment into the mine, while also supporting the Company's broader growth strategy. During the quarter, significant capital was deployed at Florida Canyon in the areas of capitalized stripping, mining equipment enhancements, and leach pad expansion," said George Salamis, President, CEO and Director of Integra. "Excellent production results from Florida Canyon combined with the strong gold price environment have allowed Integra to significantly increase its quarter-over-quarter cash balance to ~$81 million, marking the Company's strongest ever financial position."
During the third quarter, construction of the Phase IIIb heap leach pad at Florida Canyon continued with commissioning expected in the fourth quarter, and the operation is undergoing a revitalization of its mining fleet including eight new 150-ton Caterpillar haul trucks, a new Caterpillar loader, and a new Hitachi mining shovel. At current gold prices, the Company expects strong ongoing free cash flow generation through the remainder of 2025, with significant growth starting in 2026 reflecting higher production and lower costs.
Article Source: https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/
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SOURCES CITED:
1. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-4-gold-miners-strike-gold-record-bullion-prices-fuel-stellar-q3-earnings
2. https://markets.financialcontent.com/stocks/article/marketminute-2025-10-31-golds-golden-october-a-resilient-rally-amidst-global-turmoil
3. https://www.morganstanley.com/insights/articles/gold-price-forecast-rally-into-2026
4. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-4-gold-miners-ride-record-bullion-prices-to-stellar-q3-earnings
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