Issued on behalf of Lake Victoria Gold Ltd.
VANCOUVER – Baystreet.ca News Commentary – J.P. Morgan continues to project gold prices averaging $5,400 per ounce by Q4 2027[1], as the precious metal’s hovering around the $4,320 level tests recent highs. Mining companies are responding with strategic moves that unlock value through partnerships, asset monetization, and high-confidence economic studies. Among those executing this playbook are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF), SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM), Aura Minerals Inc. (NASDAQ: AUGO), and Osisko Development Corp. (NYSE: ODV) (TSXV: ODV).
The sector is witnessing record M&A activity as companies race to secure tier-one assets before they become more expensive or politically difficult to access[2]. Mining consolidation accelerated throughout 2025[3], with strategic partnerships and feasibility studies delivering billion-dollar NPVs that provide clear roadmaps for value creation in an environment where proven reserves command premium valuations.
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has confirmed high-grade gold mineralization up to 35.45 g/t at its Tembo Project in northwestern Tanzania, with artisanal sampling validating priority drill targets ahead of a planned Q1 2026 program. The results come from eight active artisanal mining locations across the project, with the highest grades at Ngula 1 reinforcing its status as the company's primary near-term target.
"With an LOI in place with Nyati, our focus has shifted decisively toward execution," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We are moving from exploration to execution. The high-grade samples at surface confirm the system's potential, while our engagement with Nyati Resources offers a tangible path to process that material. Our focus is squarely on defining the resource at Ngula 1 and finalizing a processing agreement that leverages existing infrastructure to minimize capital output."
Additional notable results include 35.21 g/t and 12.94 g/t from Ngula 2, plus 22.68 g/t and 5.90 g/t from the previously under-drilled Mgusu Target. Mineralization is consistently associated with smokey-grey quartz veins hosted in sheared basalts, with visible pyrrhotite and pyrite sulphides aligned along multiple structural trends matching the company's established geological model for the area.
Lake Victoria Gold is now advancing discussions with Nyati Resources regarding potential use of a 500 tonne-per-day carbon-in-pulp processing plant located on one of LVG's Tembo mining licences, directly adjacent to Barrick's Bulyanhulu Mine. The company is targeting the conclusion of a binding toll-processing agreement by early 2026, which would establish a near-term production pathway from Tembo ahead of full-scale development at its flagship Imwelo Gold Project.
Tembo's close-spaced drilling program at Ngula 1 is expected to commence in Q1 2026, targeting a 300 to 400 meter strike length that has returned consistently high-grade results in both historical drilling and recent artisanal sampling.
In parallel, the company continues advancing its fully permitted Imwelo Gold Project, located just 12 kilometers from AngloGold Ashanti's Geita Mine. Recent drill results from Area C have extended mineralization beyond current pit designs, with down-dip continuity now demonstrated to over 250 meters vertical depth.
Backing this dual-track strategy is exposure to potential US$45 million in milestone payments from the company's 2021 asset sale to Barrick's Bulyanhulu operation. Financial runway is supported by a gold prepay facility with Monetary Metals and a C$11.52 million strategic investment from Taifa Group.
With drilling, processing agreements, and funding advancing in parallel, Lake Victoria Gold is building the operational platform to transition from explorer to producer.
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:
First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) has entered into a definitive agreement to sell its wholly-owned subsidiary Cameron Gold Operations Ltd., which owns the Cameron Gold Project, to Oronova Energy Inc. for total consideration of C$27 million comprised of C$5 million cash, 80 million common shares valued at C$20 million, and a future cash payment of at least C$2 million. Following closing, Oronova will be renamed Seva Mining Corp. with First Mining becoming its largest shareholder at approximately 48% ownership and holding the right to nominate two directors to the board.
"We are very excited to enter into this partnership with the Fiore Group to advance the Cameron Gold Project," said Dan Wilton, CEO of First Mining. "The Fiore Group has a strong track record of creating shareholder value, with a focus and demonstrated success in building meaningful relationships and partnerships with Indigenous communities in Canada."
Prior to closing, Oronova intends to complete a non-brokered private placement of up to 60 million shares at $0.25 per share for gross proceeds of up to $15 million to fund exploration and advancement of the Cameron Project. The transaction is subject to TSX Venture Exchange approval and expected to close in Q1 2026, establishing a well-funded, dedicated team supported by the Fiore Group to advance the asset while benefiting local and Indigenous communities.
SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) has announced a 12-year life of mine plan for its Cripple Creek & Victor Gold Mine in Colorado, delivering an after-tax NPV of $824 million at consensus gold prices averaging $3,240 per ounce. The operation holds 2.8 million ounces of gold Mineral Reserves and is expected to produce an average of 141,000 ounces annually from 2026 to 2028, with the transformational acquisition already demonstrating a transaction IRR exceeding 100%.
"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. "Following a very successful integration process, CC&V has already paid back the initial $100 million upfront acquisition price in mine-site after-tax free cash flow."
The operation maintains significant growth potential with 4.8 million ounces of Measured & Indicated Mineral Resources and an additional 2.0 million ounces of Inferred Mineral Resources, both exclusive of current reserves. With $135 million in cash and AISC projected at $2,051 per ounce over the initial three-year period, SSR Mining is positioned for sustained value creation from this long-lived Colorado asset.
Aura Minerals Inc. (NASDAQ: AUGO) has completed a Feasibility Study for its Era Dorada Project in Guatemala, delivering Proven and Probable Mineral Reserves of 1.75 million gold equivalent ounces with an after-tax NPV of $1.34 billion at $3,177 per ounce gold. The underground operation is expected to produce an average of 111,000 ounces annually during the first four years with highly competitive AISC of $1,178 per ounce and a manageable initial capex of $382 million.
"The new FS, incorporating new metal prices and an optimized mine plan, delivers Reserves of 1.75 million GEO, average annual production of 111,000 GEO during the first four years, an after-tax leveraged IRR of 68%, an after-tax NPV of US$2.17 billion at spot prices $4,200/Oz, and very competitive AISC in the first industry quartile at US$1,178/oz during the LOM," said Rodrigo Barbosa, President and CEO of Aura. "This Feasibility Study is another clear example of our disciplined growth strategy in action."
The fully licensed project features a 16.8-year mine life processing 8.75 million tonnes at 6.23 grams per tonne gold equivalent, with payback expected in approximately 2.82 years after the beginning of operations. Aura is working closely with local authorities in Guatemala to advance Era Dorada while maintaining alignment with its Aura 360 environmental and social standards.
Osisko Development Corp. (NYSE: ODV) (TSXV: ODV) has delivered high-grade results from its ongoing 13,000-meter infill program at the Lowhee Zone of its permitted Cariboo Gold Project in British Columbia, with intercepts including 8.56 g/t gold over 8.5 meters from 60.5 meters depth, 16.95 g/t gold over 4.0 meters from 80 meters depth (including 130.32 g/t gold over 0.5 meters from 83.5 meters depth), and 9.32 g/t gold over 6.0 meters from 58 meters depth. The program has now completed approximately 10,000 meters, representing 72% of planned drilling, with full assay results received for 5,983 meters across 62 drill holes.
"We continue to see good alignment of ongoing infill drilling results with our modelled vein corridors and planned stope shapes, along with occurrences of upside mineralized zones outside current reserve outlines," said Chris Lodder, President of Osisko Development. "As this work concludes in the first quarter of 2026, the resulting information is expected to help refine production designs and sequencing."
Results to date show positive correlation with modelled reserve stopes while identifying potential upside mineralization in areas not previously included in the reserve model, with the tighter 10-meter drill spacing providing enhanced understanding of vein corridor spatial geometries. The infill program remains on track for Q1 2026 completion, with the data supporting planned remodeling and mineral resource calculation processes that will inform updated local block models and future production stope designs.
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/
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SOURCES CITED:
1. https://www.jpmorgan.com/insights/global-research/commodities/gold-prices
2. https://www.theglobeandmail.com/business/article-gold-and-copper-ma-to-gather-steam-in-2025-executives-and-analysts/
3. https://discoveryalert.com.au/gold-copper-drive-record-mining-ma-2025/
