LVG, CDE, ARIS, BTG, and ORLA Navigate the Most Profitable Gold Market in History
Issued on behalf of Lake Victoria Gold Ltd.
Companies mentioned in this article: Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Coeur Mining (NYSE: CDE), Aris Mining (NYSE: ARIS) (TSX: ARIS), B2Gold Corp. (NYSE: BTG) (TSX: BTO), Orla Mining (NYSE: ORLA) (TSX: OLA)
Key Takeaways:
• Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has confirmed approximately 97% gold recovery at its fully permitted Imwelo Gold Project in Tanzania, supporting a conventional gravity and carbon-in-leach processing flowsheet with free-milling characteristics.
• Gold is consolidating above $5,000 per ounce, with industry all-in sustaining costs averaging near $1,600 — producing the widest margins the gold mining sector has ever experienced.
• Coeur Mining nearly doubled full-year 2025 revenue to $2.1 billion with free cash flow of $666 million. Aris Mining grew production 22% to 256,503 ounces with revenue surging 82% to $909 million.
• LVG’s Imwelo Project sits 12km from AngloGold Ashanti’s Geita Mine, with Barrick Gold and Tanzanian billionaire Rostam Aziz as strategic shareholders, and a second project at Tembo returning artisanal grades up to 35.45 g/t gold.
VANCOUVER — Baystreet.ca — The gold mining industry has entered what analysts are calling the “Era of Super-Margins.” With gold consolidating above $5,000 per ounce and all-in sustaining costs industry-wide averaging near $1,600, producers are reporting profitability metrics that would have been unthinkable just three years ago. Gross margins are approaching 70% at the senior level. Free cash flow records are being set quarterly. And the capital that’s flooding into the sector is increasingly targeting one category of asset above all others: permitted projects with proven metallurgy that can convert ounces into cash flow without years of construction risk.
That filter eliminates most of the junior gold universe. Permits take years. Metallurgy can kill a project. And even companies with defined resources often lack the financial backing or infrastructure access to reach production on a timeline that matters. The projects that survive that filter — and attract serious capital — are rare.
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) — 97% Recovery, Fully Permitted, Strategic Backers in Place
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) announced metallurgical testwork results confirming that gold at its fully permitted Imwelo Project in Tanzania can be recovered at up to approximately 97% using conventional processing methods. The mineralization is free-milling: 84% directly cyanide-leachable, with gravity recovery of 42-47% across multiple composite samples. The results support a conventional gravity and carbon-in-leach flowsheet, the same proven configuration used at thousands of gold operations worldwide.
“These metallurgical results represent an important milestone in advancing the fully permitted Imwelo Project toward production,” said Marc Cernovitch, President and CEO of LVG. “The results are highly consistent with earlier metallurgical programs completed in 2013 and 2014, which significantly increases our confidence in the deposit’s processing characteristics.”
Imwelo sits 12 kilometers from AngloGold Ashanti’s Geita Mine in Tanzania’s Lake Victoria Goldfield. A recently completed 21-hole drill program at Area C extended mineralization beyond the current pit design with grades including 11.88 g/t over 1.33 meters and 9.31 g/t over 2.45 meters. The company’s second project, Tembo, has returned artisanal grades up to 35.45 g/t, with a processing agreement being finalized for a 500 tpd plant on LVG’s mining licences. Financial backing includes Barrick Gold (5.5M shares at $0.27), a C$11.52M investment commitment from Tanzanian billionaire Rostam Aziz, and exposure to US$45M in milestone payments from its 2021 Barrick asset sale.
NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below.
CONTINUED… Read this and more on Lake Victoria Gold at: USANewsGroup.com
In other industry developments and happenings in the market include:
Coeur Mining (NYSE: CDE) — Revenue Doubles to $2.1 Billion on Record Production
Coeur Mining (NYSE: CDE) nearly doubled its full-year 2025 revenue to $2.1 billion on record production of 419,046 ounces of gold and 17.9 million ounces of silver. Adjusted EBITDA more than tripled to $1.0 billion and free cash flow reached $666 million. The company ended 2025 in the strongest financial position in its history and is guiding 2026 production of 390,000–460,000 gold ounces, with its pending acquisition of New Gold expected to add the New Afton and Rainy River mines.
Aris Mining (NYSE: ARIS) — Record Revenue of $909M and 22% Production Growth
Aris Mining (NYSE: ARIS) (TSX: ARIS) delivered record full-year 2025 results with gold production of 256,503 ounces, a 22% year-over-year increase. Gold revenue surged 82% to $909 million, adjusted EBITDA jumped 185% to $464 million, and net debt was reduced by over 50%. The company is guiding 2026 production of 300,000–350,000 ounces, with its new carbon-in-pulp plant at Marmato on schedule for first gold in Q4 2026.
B2Gold Corp. (NYSE: BTG) — Fekola Production and Goose Project Advancement
B2Gold Corp. (NYSE: BTG) (TSX: BTO) remains one of the world’s most profitable intermediate gold producers, with its Fekola mine in Mali continuing to deliver among the lowest cost ounces in the sector. The company is advancing its Goose project in Nunavut, Canada, adding a tier-one jurisdiction asset to a portfolio that also includes operations in the Philippines and Namibia. B2Gold’s track record of building mines in emerging jurisdictions makes it a relevant benchmark for investors evaluating development-stage gold projects.
Orla Mining (NYSE: ORLA) — The Explorer-to-Producer Success Story
Orla Mining (NYSE: ORLA) (TSX: OLA) represents one of the gold sector’s most successful recent transitions from explorer to producer, having built and commissioned its Camino Rojo oxide mine in Mexico ahead of schedule and under budget. At current gold prices, Orla’s execution trajectory demonstrates the kind of market re-rating that occurs when a company crosses the threshold from development to production — a transition Lake Victoria Gold is actively working toward.
For more information on Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), visit lakevictoriagold.com
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/
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SOURCES:
1. Gold Industry Super-Margins, March 2026 — https://markets.financialcontent.com/stocks/article/marketminute-2026-3-16-the-era-of-super-margins-gold-miners-transform-into-cash-machines-as-bullion-stabilizes-above-5000
2. Reuters Record Gold Forecast — https://www.reuters.com/business/finance/analysts-ramp-up-gold-forecasts-global-uncertainties-mount-2026-02-04/
