Avanti Gold Corp. has closed a C$51.75 million bought deal private placement consisting of 103.5 million units. The proceeds are earmarked for a 42,000-metre exploration program at the Misisi Project and the advancement of a maiden Preliminary Economic Assessment.
Avanti Gold Corp. has reported high-grade gold drill results from its 2026 Phase I program at the Akyanga Deposit in the DRC. Notable intercepts include 11.50 m at 6.50 g/t Au and 5.70 m at 8.01 g/t Au, with mineralisation found both below the current pit shell and in the interpreted hanging wall.
Ivanhoe Mines has announced an updated Mineral Resource estimate for the Makoko District in the Western Forelands, DRC, showing a 30% increase in contained copper. The total Western Forelands Indicated Resource now stands at 42 million tonnes at 2.66% copper, with an Inferred Resource of 612 million tonnes at 1.80% copper.
Alphamin Resources reported record Q1 2026 EBITDA guidance of US$158 million, driven by a 30% increase in average tin prices. The company also provided an exploration update featuring encouraging preliminary in-house XRF assay results from the Mpama South project.
Alphamin Resources Corp. reported strong FY2025 results with a 25% increase in EBITDA and a 7% increase in tin production. The company provided FY2026 production guidance of approximately 20,000 tonnes of contained tin while noting elevated security risks in the DRC.
Ivanhoe Mines has announced the first production of 99.7%-pure copper anodes from its Kamoa-Kakula smelter in the DRC. The 500,000-tonne capacity facility is currently ramping up, with expected 2026 copper sales to exceed production due to concentrate destocking.
Loncor Gold has received a final court order from the Ontario Superior Court of Justice approving its plan of arrangement to be acquired by Chengtun Gold Ontario Inc. (a subsidiary of Chengtun Mining Group). The transaction is subject to remaining closing conditions.
Loncor Gold has reported high-grade gold drill results from its Adumbi deposit, highlighted by a 1.36m intercept at 298 g/t Au in hole LADD033. The drilling confirms mineralization at depth below the current USD$1,600/oz open pit shell, suggesting potential for underground mining.
Loncor Gold shareholders have overwhelmingly approved the acquisition of the company by Chengtun Mining Group Co., Ltd. via a plan of arrangement. The transaction is now subject to final court approval and the satisfaction of remaining closing conditions.
Loncor Gold is advancing its arrangement transaction to be acquired by Chengtun Mining for Cdn$1.38 per share. The company addressed recent Chinese government travel warnings for eastern DRC, noting the Adumbi project is located 500km away from the cautioned areas.
