Valor Gold has identified several non-refractory gold exploration targets at the Courageous Lake project, specifically focusing on the Walsh Lake deposit. The company plans a 12,000m diamond drill program in early 2027 to upgrade the current 4.1 Mt inferred resource to measured and indicated categories.
Thistle Resources is advancing gold and critical mineral projects in Atlantic Canada. Recent activities include the commencement of a 3,000-metre drill program at the Middle River Gold Project and high-grade antimony and silver trench sampling at the Brunswick Antimony Project.
Gold Terra Resource Corp. has upsized its non-brokered private placement to C$10.8 million, featuring participation from strategic shareholder David Harquail. The funds are intended for general corporate purposes and upcoming drilling programs at the Con Mine Option property to test the Campbell Shear extension and historical tailings.
Wesdome Gold Mines Ltd. announced an updated mineral reserve and resource statement effective December 31, 2025, reporting a 17% increase in Proven and Probable Mineral Reserves to 1.4 million ounces of gold. This update extends the mine life at both its Eagle River and Kiena operations to eight years and is expected to underpin a production increase to 230,000 ounces by 2028, alongside a robust free cash flow profile. The company also reported an 87% increase in Inferred Mineral Resources, expanding its conversion pipeline, and highlighted significant exploration upside.
NexGold reported Q1 2026 financial results, including a net loss of $11.4 million and a cash balance of $104.5 million. Exploration at the Goliath Gold Complex yielded several high-grade gold intercepts, and development continues at the Goldboro Gold Project.
Seabridge Gold is spinning out its 100% interest in the Courageous Lake gold project into a new listed entity, Valor Gold Corp. The transaction includes a gold stream agreement and will leave Valor with C$10 million in cash to fund future work programs.
Cygnus Gold (CYG) reported high-grade infill drilling results at the Golden Eye deposit within the Chibougamau Project in Canada. Intercepts include up to 105.5 g/t AuEq over 1.0m and 11.9% Cu over 0.8m, which the company states reconcile well with the current block model.
Sorrento Resources has intersected visible gold in its first drill hole (RC26-001) at the Rodgers Cove Gold Project in Atlantic Canada. While the presence of visible gold is a positive exploration milestone, the release does not provide specific assay grades or intercept lengths.
Wesdome Gold Mines Ltd. announced record financial results for 2025, reporting $914 million in revenue, $349 million in net income, and $602 million in EBITDA. The company produced 185,576 ounces of gold in 2025, an 8% increase over the previous year, and ended the year with a strong cash balance of $354 million. Wesdome also provided 2026 guidance, projecting consolidated gold production between 180,000 and 205,000 ounces and approximately $350 million in free cash flow.
