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September 15, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that the Moving Bed Biofilm Reactor ("MBBR") system at its Dome Mountain Water Treatment Plant is now ready for commissioning.
Designed to meet all regulatory discharge standards, the plant was developed in close collaboration with Soren Jensen, the Company's principal environmental consultant from SRK Consulting. Mr. Jensen, who holds a masters degree in chemical engineering, has more than 20 years of experience designing, commissioning, and operating mine water treatment systems, including similar facilities at underground gold mines in Northern Canada. His expertise ensures that the Dome Mountain system is engineered to treat mine water efficiently, in full compliance with permit conditions, and in alignment with Blue Lagoon's commitment to environmental stewardship.
The MBBR system is part of Dome Mountain's state-of-the-art Water Treatment Plant, which is designed to treat up to 400 liters per minute ("L/min"). Current mine water output is approximately 20-40 L/min, ensuring ample capacity as operations scale. This robust infrastructure underscores Blue Lagoon's commitment to environmental stewardship while supporting safe and efficient underground development.
MINING TO COMMENCE SEPTEMBER 24, 2025
Underground mining operations are scheduled to commence on September 24, 2025 , beginning with development work. The Company expects to achieve a steady ramp-up to 100 tonnes per day ("tpd") within four weeks and 150 tpd within twelve weeks. By that point the Company expects to have five to six working faces exposed, providing strong operational flexibility. Importantly, all mine waste will remain underground, further aligning with the Company's environmental and regulatory commitments.
To enhance operational readiness and safety, Blue Lagoon has signed a Mutual Aid Agreement with New Gold Inc. , reinforcing its collaborative approach and ensuring rapid access to additional emergency support if ever required.
The Company's underground program will be led by Mike McCartin , a seasoned underground mining geologist who will oversee daily operations and training of mine staff. Complementing this, a Senior Mining Engineer from Roughstock Mining Services will establish mining protocols, standard operating procedures (SOPs), and underground surveying requirements, ensuring industry best practices are embedded from day one.
"As we commission the MBBR system and prepare to send our crews underground to commence operations, Blue Lagoon is entering a transformational phase," said Rana Vig, President & CEO of Blue Lagoon Resources. "With a fully permitted project, the right infrastructure, and a strong technical team, we are well positioned to generate near-term cash flow, while minimizing risk and maximizing efficiency. Dome Mountain is rare in British Columbia, one of only nine projects permitted since 2015, and we are proud to be advancing it responsibly, with safety and environmental care at the forefront."
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. Â The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Â Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
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S eptember 9, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to provide an update on its Dome Mountain Gold Project, where the Company is nearing final commissioning of its Moving Bed Biofilm Reactor (MBBR) water treatment system - the final step required before commencing blasting.
The Company expects the MBBR to be fully activated within the next 7 to 10 days , at which point the water treatment plant will be fully commissioned and blasting can begin. In the meantime, underground preparation work is scheduled to start this week to ensure the operation is fully ready for the start of mining.
Underground Work To Commence This Week
Work beginning this week includes:
Establishing emergency egress exit points – ensuring all ladders are secure and viable.
Bolt testing – testing approximately 10% of bolting as per the Ground Control Management Plan.
Re-establishing the ventilation system – moving and wiring underground fans and ventilation ducts.
Clearing and fortifying underground magazine storage units and purchasing explosives.
Moving small waste piles to improve efficiency once blasting begins.
Cleaning the underground sump.
Drilling at the rollover to establish the first exposed ore face.
Once the MBBR system is commissioned (expected in the next 7 to 10 days), drilling and blasting will begin immediately at both the rollover and in the incline (development work).
"We are now extremely close to begin mining," said Rana Vig, President & CEO of Blue Lagoon Resources. "The MBBR commissioning at Dome Mountain is the last remaining step before blasting can commence, and our crews are already underground preparing for operations. We expect to transition quickly into production and near-term cash flow once the system is online."
To further strengthen its operational readiness, Blue Lagoon has added two experienced professionals to its team:
Michael Kendall – Underground Mine Supervisor
Mr. Kendall brings more than three decades of hands-on underground mining experience, with a proven track record of leading safe, efficient, and high-performing crews across some of Canada's most notable operations, including Eskay Creek, Rice Lake, Myra Falls, Red Chris, and Minto.
Former Underground Mine Manager at Fortis Mining and Underground Supervisor at Barminco (Red Chris).
Extensive experience in mine planning, development, and production management, including recommissioning and optimization of underground operations.
Recognized Mine Rescue Captain, with multiple provincial championships and decades of safety leadership.
Mr. Kendall's deep operational knowledge and safety-first approach will be instrumental as Dome Mountain transitions from development into steady-state production.
Dr. Francis Salifu – Environmental Manager
The Company has also appointed an Environmental Manager, a seasoned professional with over 15 years of progressive experience in mining-sector environmental management, including more than five years in senior supervisory roles.
PhD in Environmental Science.
Expertise in ML/ARD mitigation, water quality and water balance modeling, and biochemical reactor (BCR) systems.
Formerly with Conuma Resources, PwC, and the Alberta Energy Regulator, where they developed integrated environmental management programs and improved site compliance by more than 60%.
Skilled in stakeholder engagement with regulators, consultants, and Indigenous communities, with a strong focus on sustainability and continuous improvement.
This appointment underscores Blue Lagoon's commitment to the highest standards of environmental compliance and responsible mining as production begins.
"As we prepare for mining and near-term cash flow, building the right team is critical," said Rana Vig, President & CEO of Blue Lagoon Resources. "Michael's extensive underground experience and Francis's proven leadership in sustainability both strengthen our operational readiness. These hires reinforce our commitment to safety, environmental stewardship, and efficient execution at Dome Mountain
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. Â The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: rana@bllg.ca
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Â Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
The Canadian Securities Exchange ("CSE" or "the Exchange") today announced market statistics for July 2025.
July 2025 Operating Statistics
"July was an extremely active period for the Canadian Securities Exchange, with trading activity reaching the highest level of any single month since 2022," said Richard Carleton, CEO of the CSE. "In addition, the month of July featured three of the four largest financings completed to date on the Exchange this year, as Asante Gold Corporation raised $236.8 million, Vireo Growth Inc. raised US$153 million, and Draganfly Inc. raised US$25 million. We were pleased to see such strong trading and financing activity during the traditionally slower summer season."
What's On at the CSE
The CSE is excited to be sponsoring and participating in the 2025 Canadian Security Traders Association (CSTA) conference, taking place in Ottawa on August 20-22. The annual conference brings together a diverse group of financial market experts to discuss key topics impacting capital markets. Richard Carleton will be speaking on a "Market Place Roundtable" panel on August 21 with senior executives from other Canadian exchanges. They will discuss issues shaping the future of securities trading in Canada.
The CSE team will be returning to Beaver Creak Resort in Colorado for the annual Precious Metals Summit Beaver Creak on September 9-12. The invitation-only conference features nearly 200 mining companies and a who's who of expert speakers in the sector. Several CSE-listed companies are participating in the conference, including Abitibi Metals Corp. (AMQ), Asante Gold Corporation (ASE), Blue Lagoon Resources Inc. (BLLG,OTC:BLAGF), Exploits Discovery Corp. (NFLD), Headwater Gold Inc. (HWG), Kuya Silver Corporation (KUYA), and Yukon Metals Corp. (YMC).
The CSE will be in Halifax on September 16 for its latest Going Public and Raising Capital in Canada event. These seminars provide entrepreneurs and company founders with detailed information and strategies to successfully enter Canada's capital markets. The line-up of expert speakers for this event includes Scott Pritchard, the CSE's Senior Advisor of Listings Development for Quebec and Eastern Canada, and James Black, the CSE's Vice President of Listings Development. Phillip Shum, Director of Listings Development, will also be in attendance and available to speak with attendees. The event also features a networking reception.
New Listings in July 2025
SuperQ Quantum Computing Inc. (QBTQ) – Fundamental Change
Libra Energy Materials Inc. (LIBR) – Fundamental Change
About the Canadian Securities Exchange:
The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.
Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision.
The CSE offers global investors access to an innovative collection of growing and mature companies.
STAY CONNECTED WITH THE CSE
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Contact:
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416-367-7360
richard.carleton@thecse.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262540
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July 11, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce the official opening of its wholly owned Dome Mountain Gold Mine Project, that recently received its mining permit making it one of only nine mining permits granted in British Columbia in the past decade - and one of just a few high-grade, road-accessible gold projects to reach production-ready status in recent years.
The celebration, held on July 9, 2025, brought together over 100 guests from across Canada and abroad — including attendees from Germany, South Carolina, Denver, Montana and Toronto — to mark this significant milestone for the Company and the region.
Dignitaries in attendance included the Mayor of Smithers, Gladys Atrill; MLA Sharon Hartwell (Bulkley Valley-Stikine); and MP Ellis Ross (Skeena-Bulkley Valley). Also present were various representatives from the Ministry of Mines and Critical Minerals and other provincial agencies. Minister of Mining and Critical Minerals, Jagrup Brar, was unable to attend in person due to his participation in the annual Conference of Mines Ministers of Canada, held in Prince Edward Island. However, he shared a recorded message acknowledging the importance of the project, which was played during the event. Minister Brar is scheduled to visit and tour the Dome Mountain site later this month.
In a powerful display of cultural heritage and support, 18 Hereditary Chiefs and Guardians from the Lake Babine Nation (LBN) joined Hereditary Chief and Council Member Fabian Michell for the opening ceremony, which featured a traditional drum ceremony representing songs from all four LBN clans: Bear, Beaver, Frog, and Caribou.
"We were deeply honoured to stand alongside the Lake Babine Nation, whose presence and participation made this day truly meaningful," said Rana Vig, President & CEO of Blue Lagoon Resources. "This is more than just the opening of a gold mine — it's a moment that reflects years of hard work, resilience, and respectful collaboration."
During the two-day event, guests had the opportunity to take underground tours as well as visit the recently completed, state-of-the-art water treatment plant — a key environmental safeguard for the project. The facility has the capacity to treat over six times the current needs at Dome Mountain, ensuring long-term environmental resilience as production scales.
With the mine officially open, pre-production work will begin next week, setting up Dome Mountain to begin mining and transition to near-term cash flow once the Moving Bed Biofilm Reactor (MBBR) system is commissioned - expected in about four weeks. The two-stage water-treatment facility features a functioning High-Density Sludge (HDS) circuit and the MBBR circuit, which uses microbes to remove blasting-related ammonia and nitrates. The MBBR's biological ramp-up phase typically takes approximately four weeks. Mining will commence immediately upon the completion of this phase.
"As a geologist, this is a proud moment in my career," said Bill Cronk, Chief Geologist and Project Manager at Blue Lagoon Resources. "To see a project go from exploration to production — and to be part of that transformation — is something most geologists only dream of. This team made it happen and I'm very proud of that."
The event also welcomed strategic investors and partners, including Dr. Quinton Hennigh, technical advisor to Crescat Capital, and Peter Espig, CEO of Nicola Mining, with whom Blue Lagoon has a long-term toll milling agreement.
"Dome Mountain represents what's possible when entrepreneurial determination meets responsible mining practices," said Peter Espig, CEO of Nicola Mining. "We're proud to support Blue Lagoon in bringing this project to life, and to be part of a partnership grounded in trust, transparency, and technical excellence."
Throughout the event, Blue Lagoon's highly experienced technical team was on site to answer questions and provide detailed explanations of the mining methods and techniques planned for Dome Mountain. This included Steve Cutler of Roughstock Mining, an accomplished underground mining consultant with decades of experience who has worked on a wide range of underground gold projects across North America. Also present was Peter Bojtos, a professional mining engineer with global experience who has been directly involved in the opening or reopening of 19 mines over the course of his career — making Dome Mountain his 20th. Mr. Bojtos is a current director of Avino Silver & Gold Mines Ltd (formerly Chairman) (ASM:NYSE) and a technical advisor on the Dome Mountain Gold Project.
With pre-production work beginning next week, Blue Lagoon Resources is now positioned to become one of British Columbia's next producing high-grade gold mines.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining
jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
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June 30, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to provide a corporate update highlighting significant progress at its Dome Mountain Gold Project as it prepares to enter production in a strong gold market.
"We are fully funded, fully permitted, and now entering the final stages of mine readiness — with no short-term debt, multiple successful government inspections, and a water treatment plant that has now been completed," said Rana Vig, President and CEO. "The confidence shown by our institutional investors, along with new strategic backing and the recently signed $2 million line of credit — not secured against our property — from Nicola Mining, gives us the flexibility to fund mining and development without delay. We're ready — and we're moving quickly toward cash flow."
FULLY FUNDED WITH STRONG BACKING AND NO DEBT
Blue Lagoon recently completed a successful non-brokered financing, fully subscribed by existing long-term shareholders including Crescat Capital, Phoenix Gold Fund, and Nicola Mining, alongside a small group of new strategic investors. In addition, CEO Rana Vig and Board Member Gurdeep Bains both increased their personal stakes in the Company.
The Company currently carries no short-term debt and has in-the-money warrants valued at over $3.6 million. As further validation of the project, Blue Lagoon has secured a $2 million line of credit from Nicola Mining, which can be drawn in $500,000 tranches — without any encumbrance on the Company's mineral property. While the Company may ultimately never need to draw on this facility, having access to it provides an important financial backstop. It ensures capital is available if needed to support production ramp-up, seize opportunity, or manage any unforeseen short-term needs — all without causing further dilution to existing shareholders.
SENIOR UNDERGROUND GEOLOGIST HIRED TO
STRENGTHEN TECHNICAL TEAM
The Company is also pleased to welcome Michael McCardal as Senior Underground Geologist. Mr. McCardal brings three decades of underground gold mining experience with producers including Ascot Resources, Barkerville Gold Mines, Pure Gold Mining, and Kirkland Lake Gold.
At Ascot's Big Missouri deposit, he led underground sampling protocols, grade tracking, and stope planning. At Kirkland Lake's Macassa and Taylor Mines, he was instrumental in ore control, face mapping, and production reconciliation.
"Mike's experience will be very helpful in establishing best-in-class grade control and optimizing early stopes as we move into production this summer," said Vig.
INSPECTIONS PASSED WITH FLYING COLOURS
As part of its final mine preparation, the Company successfully passed three separate government inspections, confirming operational readiness across critical areas:
• Electrical Inspection – Verifying compliance with site-wide above and underground power systems.
• Reclamation & Geoscience Inspection – Reviewing on-going geological reporting and reclamation progress.
• Ground Control & Health and Safety Inspection – Ensuring safe above and underground conditions and mining procedures.
"These clean inspections are a testament to the strength of our team and the standard of work being done at Dome Mountain," said Yannis Tsitos, Chair of the Company's mining committee.
CONSTRUCTOIN OF WATER TREATMENT PLANT COMPLETE
Construction of Blue Lagoon's water treatment system — a critical component of the Company's environmental compliance plan — is now complete and partially commissioned, as required under the Company's Mines Act permit.
The system consists of two integrated technologies: a High-Density Sludge (HDS) circuit, which is fully installed and operational, and a Moving Bed Biofilm Reactor (MBBR) , designed to treat ammonia and nitrates from blasting residues using a microbial process. The MBBR circuit has also been fully constructed and is about to undergo microbial activation — a biological ramp-up that typically takes 2 to 4 weeks.
Designed to meet all regulatory discharge standards, the plant is engineered to treat mine water efficiently and in full alignment with the Company's permit conditions. Blue Lagoon worked closely with Soren Jensen , the Company's principal environmental consultant from SRK Consulting. Mr. Jensen holds a master's degree in chemical engineering and has developed, designed, commissioned, and operated mine water treatment systems for mining operations for over 20 years, including similar treatment plants at other underground gold mines in Northern Canada.
Just as importantly, the Company collaborated closely with regulatory agencies and the Lake Babine Nation throughout the design and construction process to ensure the system meets both technical and community expectations.
With the construction of the water treatment system complete and regulatory milestones achieved, the Company is advancing mine development activities in accordance with its permit. Â Environmental monitoring will continue during the MBBR activation phase to ensure ongoing compliance as the system reaches full operational capacity.
This milestone represents a major step toward production readiness and reinforces Blue Lagoon's commitment to responsible, permit-driven development. The official mine opening is scheduled for July 9, 2025.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. Â The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Â Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the " Company " or " Brixton ") is pleased to announce additional drill results from the Trapper Gold Target this season. Drilling at the Trapper Target has been completed for the season. A total of 6272m was drilled at the Trapper Target from 30 holes. Assays are pending for the remaining 18 holes with visible gold having been identified in several of these remaining holes. The zone remains open for expansion.
Highlights
Chairman, CEO, Gary R. Thompson stated, " Mineralization at Trapper is structurally controlled and was subjected to post mineral displacement. Further drilling is required to expand on these faulted and dislocated blocks. Gold mineralization remains open to the northeast, southeast and north of the main area. Further structural interpretation is planned prior to the next drill campaign. "
Figure 1. Trapper Gold Target Plan Map for Holes THN25-336/337/339.
Table 1. Select Assay Intervals in Holes THN25-337 and THN25-339.
| Hole ID | From | To | Interval | Gold |
| meter | meter | meter | g/t | |
| THN25-337 | 27.10 | 33.50 | 6.40 | 4.61 |
| including | 29.00 | 30.50 | 1.50 | 14.30 |
| THN25-337 | 95.00 | 99.00 | 4.00 | 1.44 |
| including | 95.50 | 96.00 | 0.50 | 5.48 |
| THN25-337 | 146.50 | 148.00 | 1.50 | 3.03 |
| THN25-339 | 16.00 | 31.00 | 15.00 | 2.26 |
| including | 22.00 | 25.00 | 3.00 | 4.68 |
| THN25-339 | 53.50 | 58.50 | 5.00 | 2.60 |
| including | 57.00 | 58.50 | 1.50 | 6.70 |
| THN25-339 | 66.00 | 67.50 | 1.50 | 3.50 |
| THN25-339 | 76.00 | 77.50 | 1.50 | 7.06 |
| THN25-339 | 242.50 | 244.00 | 1.50 | 2.61 |
| THN25-339 | 278.50 | 280.00 | 1.50 | 2.62 |
| THN25-339 | 288.05 | 291.00 | 2.95 | 1.83 |
Assay values are weighted averages. Reported intervals are drilling length and the true width of the mineralized intervals has not yet been determined.
Discussion
The objective of holes THN25-337 and THN25-339 was to expand and infill the southern limit of mineralization from previous drilling. Both holes were drilled from the same drill pad with an azimuth of 10 degrees and 30 degrees with dips of -45 and -40 degrees to depths of 389m and 346m, respectively. Collars for THN25-337 and THN25-339 were located 36m south-southwest from the collar for hole THN22-239 (Figure 1).
The gold mineralization in THN25-337 and THN25-339 is hosted within Triassic lapilli tuff volcanic, intruded by a Cretaceous quartz diorite and a feldspar porphyry dike of unknown age. Gold is associated with vein assemblages of pyrite-sphalerite-galena as seen in Figure 2. While mineralization is hosted within all three rock types, higher grade favours the contacts between these units. Low grade gold mineralization occurs between these reported intervals.
Hole THN25-336 was collared 78m east of pad for 337/339 and was drilled at azimuth of 2 degrees with a dip of -60 to a depth of 220m to test for extension; however, hole THN25-336 returned no significant results.
Figure 2. Closeup Photograph of HQ Size Core of Mineralization in Hole THN25-337 at 30.80m.
Figure 3. Photograph of HQ Size Core in hole THN25-337 from 25.00m to 33.95m.
Table 2. Collar Information for Holes THN25-336, THN25-337 and THN25-339.
| Hole ID | Easting (m) | Northing (m) | Elevation (m) | Azimuth | Dip | Depth (m) |
| THN25-336 | 630519 | 6485369 | 1226 | 2 | -60 | 220 |
| THN25-337 | 630451 | 6485368 | 1265 | 10 | -45 | 389 |
| THN25-339 | 630451 | 6485368 | 1265 | 30 | -40 | 346 |
Quality Assurance & Quality Control
Quality assurance and quality control protocols for drill core sampling was developed by Brixton. Core samples were mostly taken at 1.5m intervals. High-grade intervals were taken at 0.5 to 1m intervals. Blank, duplicate (lab pulp) and certified reference materials were inserted at a combined rate of 15%. Core samples were cut in half, bagged, zip-tied and sent directly to ALS Minerals preparation facility in Whitehorse, Yukon or Langley, British Columbia depending on available lab capacity. ALS Minerals Laboratories is registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Samples were analyzed at ALS Laboratory Facilities in North Vancouver, British Columbia for gold by fire assay with an atomic absorption finish, whereas Ag, Pb, Cu and Zn and 48 additional elements were analyzed using four acid digestion with an ICP-MS finish. Over limits for gold were analyzed using fire assay and gravimetric finish. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd., of Langley, British Columbia and the standards inserted varied depending on the type and abundance of mineralization visually observed in the primary sample. Blank material used consisted of non-mineralized siliceous landscaping rock. A copy of the QAQC protocols can be viewed at the Company's website.
Qualified Person (QP)
Ms. Madeline Berry, P.Geo., is a Project Geologist for the Company who is a Qualified Person as defined by National Instrument 43-101. Ms. Berry has verified the referenced data and analytical results disclosed in this press release and has approved the technical information presented herein.
About Brixton Metals Corporation
Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton's flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis-HudBay silver-cobalt-nickel Project in Ontario and the Atlin Goldfields Project located in northwest BC which is optioned to Eldorado Gold Corporation. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB , and on the OTCQB under the ticker symbol BBBXF . For more information about Brixton, please visit our website at www.brixtonmetals.com .
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO
info@brixtonmetals.com
For Investor Relations inquiries, please contact: Mr. Michael Rapsch, Vice President Investor Relations. email: michael.rapsch@brixtonmetals.com or call Tel: 604-630-9707
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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GR Silver Mining Ltd. (" GR Silver Mining " or the " Company ") (TSXV: GRSL,OTC:GRSLF) (OTCQB: GRSLF) (FRANKFURT: GPE)
In alignment with GR Silver Mining's growth strategy, GR Silver Mining is pleased to announce the nomination of Daniel Schieber as Vice President of Corporate Development & Corporate Relations, to foster existing and new relationships with shareholders and implement corporate development marketing planning under the leadership of Marcio Fonseca .
Daniel Schieber established his career in metals and mining finance as an analyst for the Stabilitas Group of Funds in 2005. During this time, the fund grew from 3M EUR under management to 240M EUR , becoming the best performing Gold/Silver fund in Germany . Mr Schieber has 15+ years of experience in the capital markets associated with successful mining ventures particularly in the precious metals sector. In 2009, he co-founded Euroscandic International Group where he raised upwards of $350M in mining financing for specific development projects in the mining sector. He has recently pivoted to Canadian-investment vehicle Dynamis Capital Corp., which focuses on long-term, recession-proof investments with emphasis on gold and silver. Daniel Schieber currently serves on the board of directors and is CEO of American Copper Development Corp.
Marcio Fonseca comments: "Daniel brings 20 years of experience in raising capital and has already played a pivotal role in the recent re-capitalization of GR Silver Mining. His continued contributions will be instrumental as the Company advances to the next stage of growth in Mexico , driven by an active drilling program and a series of strategic initiatives supporting the development of the Plomosas Project."
Daniel Schieber Comments: "GR Silver Mining has reached a pivotal turning point—fully funded, debt-free, and ready to seize the opportunities of a strengthening silver market. Together with GR Silver Mining's team, I am committed to transforming the Company into a successful enterprise, driven by substantial resource growth and a bold vision for long-term value creation."
About the Plomosas Project
The Plomosas Project, including the recent high-grade silver discovery in the San Marcial SE Area, is progressing in 2025 as an emerging high-grade silver district located in southwestern edge of the Sierra Madre Occidental, Sinaloa, Mexico . The Plomosas Project, covering 7,823 ha, including the historical Plomosas Underground mine. benefits from mine infrastructure, road access and existing permits associated with past-producing mining sites. The district contains intermediate to low-sulfidation epithermal silver and gold mineralization, hosted in hydrothermal breccias and veins. Recent success in exploration and drilling has delineated wide, high-grade, shallow hydrothermal breccias in the San Marcial Area, including the SE Area discovery, where step-out drilling is underway in 2025, aiming for continuous resource growth. At the historical Plomosas Mine, where Grupo Mexico operated the underground mine from 1985 to 2000, exploration, underground sampling and metallurgical programs are being conducted to support future decisions regarding the implementation of a Bulk Sampling Test Mining Program
About GR Silver Mining Ltd .
GR Silver Mining is a Canadian-based, Mexico -focused mineral exploration company engaged in cost-effective silver-gold resource expansion on its 100%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico . GR Silver Mining controls 100% of the Plomosas Project, including the former Plomosas underground mine and wide, high-grade silver mineralized zones at the San Marcial Area. Recent discoveries in the 78 km² of highly prospective, advanced-stage exploration concessions position the Company well for resource expansion at the Plomosas Project.
GR Silver Mining Ltd.
Márcio Fonseca, President & CEO
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE GR Silver Mining Ltd.
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Rua Gold offers a compelling investment opportunity driven by its highly promising gold assets in New Zealand’s historic gold-producing regions, and supported by the government’s renewed focus on fast tracking economic growth.
Rua Gold (TSXV:RUA,OTC:NZAUF,WKN:A4010V,OTCQB:NZAUF) is a gold exploration company focused on two prolific, historic gold-producing regions in New Zealand: Hauraki Goldfield and Reefton Goldfield. Both these regions boast of previous high-grade gold production, with more than 15 million ounces (Moz) produced in the Hauraki district and over 2 Moz in the Reefton Goldfield. New Zealand is a tier 1 mining jurisdiction with highly prospective geology, and a skilled workforce. The new government of New Zealand has committed to promoting economic growth through mining- and business-friendly policies, such as the Fast Track Approval Bill, which proposes quicker approval timelines for a range of projects, including mining.
Rua Gold solidified its position as the dominant Reefton Goldfield explorer with the acquisition of Reefton Resources, a 100 percent owned subsidiary of Siren Gold (ASX:SNG). The completion of the transaction expands Rua Gold's tenement package to cover over 95 percent of the Reefton Goldfield.
New Zealand’s critical minerals list includes both gold and antimony, enhancing the significance of Rua Gold’s ongoing exploration campaign which revealed promising antimony potential. Rua Gold sits on the majority of New Zealand’s known antimony inventory, a strategic advantage that positions the Reefton Project to contribute substantial economic value while strengthening New Zealand’s critical mineral supply.
Rua Gold benefits from a team of professionals boasting extensive expertise in geology and mining. The company’s board of directors is led by Oliver Lennox-King (Fronteer, Roxgold), who has a successful track record developing projects and companies.
Rua Gold holds six project areas at the Reefton Goldfield: Northern, Capleston, Murray Creek, Ajax, Crushington, and Southern. The Reefton district has a rich history of gold production with over 2 Moz of gold recovered at 24.5 g/t. Among the noteworthy findings from recent years of exploration is the greenfield discovery of the Pactolus quartz vein. Assays have unveiled significant high-grade gold concentrations in this vein.
Rua Gold’s systematic exploration has highlighted the potential for the rejuvenation of this district in renewed opportunities around the historic high-grade gold deposits. Rua Gold completed an extensive assessment of the historical mines situated within the company's tenements in the Reefton Goldfield, yielding five targets in the Murray Creek area.
Rua Gold has expanded its Reefton exploration program with a third drill rig and a planned 4,000 m of diamond drilling at Auld Creek in the coming months. The company is targeting a resource of >300,000 oz AuEq by the end of 2025 and positioning to enter New Zealand’s proposed fast-track permitting process. At Glamorgan, access agreements are underway, with surface work scheduled for Q3 2025 and drilling expected to begin in Q4 2025. Rua Gold is fully funded to execute this growth strategy, with a cash balance of US$14 million as of June 30, 2025.
Drilling at Auld Creek has returned high-grade intercepts, including 17 m @ 9.8 g/t AuEq (with 10 m @ 15.3 g/t AuEq) and 8 m @ 8.9 g/t AuEq (with 5 m @ 11.1 g/t AuEq). These results extend the vertical extent of the Fraternal shoot from 160 m to 300 m and strike length from 350 m to 620 m, with mineralization remaining open in all directions. Surface geochemistry suggests the system may continue for more than 2.5 km, underscoring significant potential for resource growth.
The Glamorgan project comprises over 4,600 hectares in the Hauraki district on New Zealand’s North Island. Hauraki boasts of a substantial presence of high-grade gold and silver mining, with approximately 50 epithermal deposits mined since the 1860s. These deposits have yielded over 15 Moz of gold and 60 Moz of silver. Glamorgan has a 3.8 km zone displaying indications of gold mineralization, backed by soil and rock samples, suggesting the presence of an epithermal gold mineralized system at the property.
Glamorgan is located 2.8 kms north of Oceana Gold’s recent significant discovery at Wharekirauponga. The company has applied for a minimum impact access agreement with the New Zealand Department of Conservation. Once granted, the company will commence an exploration program that includes soil sampling, magnetic and resistivity geophysical surveys, and geological mapping.
Rua Gold completed the first phase of surface exploration on its Glamorgan epithermal gold prospect which identified two significant soil anomalies over 4 kms in length. Rua Gold also completed the second phase of surface exploration at its Glamorgan Project, an epithermal gold system located in the Hauraki Goldfield on New Zealand’s North Island.
The Hauraki Goldfield is a prolific epithermal gold province that has produced more than 15 million ounces of gold from over 50 historic mines. The Glamorgan Project sits adjacent to OceanaGold’s Wharekirauponga deposit, which hosts Indicated Mineral Resources of 1.4 Moz at 17.9 g/t Au and is expected to commence construction in the second half of 2025.
Oliver Lennox-King boasts a distinguished and extensive career within the mineral resource sector, encompassing a broad experience in financing, research, and marketing. Since 1992, he has occupied senior executive and board roles in various junior exploration and mining enterprises. Most recently, Lennox-King was the chairman of Roxgold from 2012 until July 2021, when it was sold for $1.2 billion to Fortuna. In addition to Roxgold, he also served as chairman of other notable firms, including Pangea Goldfields, Aurora Uranium, and Fronteer Gold.
Robert Eckford is a certified professional accountant with significant expertise in mergers and acquisitions, accounting, finance, and commercial management within the mining sector. Most recently, he was co-founder and head of finance for Aris Mining, and prior to that, he had worked with international mining companies, including Barrick Gold, Yamana Gold, and Leagold Mining.
Simon Henderson is an exploration specialist and has over 40 years of experience, most of which is in New Zealand. He was part of the discovery team for several significant gold finds in New Zealand, such as Wharekirauponga. He maintains robust connections with key local stakeholders and the country's permitting authorities.
Zeenat Lokhandwala brings over a decade of expertise in mergers and acquisitions, finance, accounting and taxation. She is the former CFO of Great Bear Royalties and director of finance at Great Bear Resources.
Brian Rodan has more than 43 years of experience who is currently serving as Fellow of the Australian Institute of Mining and Metallurgy. Rodan is the founding director of Dacian Gold (ASX:DCN)
Mario Vetro has extensive experience structuring and providing guidance to resource companies. He is the co-founder of K92 Mining and the proprietor of Commodity Partners.
Paul Criddle has extensive experience constructing and overseeing gold mines in Australia and West Africa. He was formerly a chief operating officer for West Africa at Fortuna and also served as the COO for Azimuth and Perseus. He was previously the managing director at Matador Mining.
Tyron Breytenbach is a geologist with operational and capital markets experience. He is currently the CEO of Lithium Africa Resources. Previously, he was senior vice-president of Capital Markets at Aris Mining and served as managing director at Cormark Securities. Before transitioning to capital markets, Breytenbach spent a decade in the mining sector as a geologist, focusing on orogenic and epithermal gold deposits and specializing in resource estimation. He earned his BSc (Honours) degree from Rand Afrikaans University in South Africa and is a designated professional geologist in Ontario.
Golconda Gold (TSXV:GG) is a growth-focused junior producer with operations in prolific gold districts in South Africa and the US. Positioned as one of the sector’s highest-torque opportunities, Golconda offers investors profitable production, exposure to both gold and silver, and a disciplined, capital-efficient path to meaningful growth.
Golconda Gold is anchored by two cornerstone assets: Galaxy, its cash-flowing South African gold mine, and Summit, a high-grade silver-gold project in New Mexico set for restart. Together, they provide self-funded growth, U.S. exposure, and strong leverage to rising gold prices.
Galaxy, Golconda’s cornerstone asset, is a producing mine in South Africa’s prolific Barberton Greenstone Belt. The operation hosts 941,000 oz gold (M&I, 2.79 g/t) and 1.37 Moz inferred (2.62 g/t), supported by strong infrastructure and access to skilled mining services.
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Gold price chart, June 28 to September 29, 2025.
Chart via the Investing News Network.
Gold's latest rise comes amid concerns about a US government shutdown.
Congress has until the end of Tuesday (September 30) to reach a deal on a spending bill ahead of the new fiscal year, and will close shop the next day if an agreement hasn't been reached.
Democrats and Republicans are currently at loggerheads as Democrats push for changes to the bill, including an extension to billions of dollars in subsidies for Obamacare, and as President Donald Trump threatens thousands of permanent layoffs — not just temporary furloughs — in the event of a shutdown.
Beyond current events, gold's rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.
Those factors have many experts predicting a rise beyond US$4,000, potentially before the end of the year, although a correction is widely expected beforehand.
Gold's US$3,800 milestone comes as major miners Barrick Mining (TSX:ABX,NYSE:B) and Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) announce leadership changes.
Barrick President and CEO Mark Bristow unexpectedly stepped down on Monday after nearly seven years at the helm of the company. His exit comes after major changes at the company, including a shift toward copper and an asset divestment program designed to hone the company's focus on tier-one assets.
Bristow's departure is effective immediately. Mark Hill, who is responsible for the company's Latam and Asia Pacific regions, has stepped in as group COO, and interim president and CEO.
Also on Monday, Newmont announced the retirement of CEO Tom Palmer, who has held the position since 2019. He will be succeeded by Natascha Viljoen, currently the company's president and COO, on January 1, 2026; Palmer will maintain a strategic advisor position until officially retiring on March 31, 2026.
Analysts note that Newmont had been signaling that a succession plan was in the works.
Similar to Barrick, the company has been in the midst of an extensive program geared at streamlining its portfolio. Newmont acquired Newcrest Mining in 2023, and in February 2024 announced a program to sell non-core assets. It completed the program in April of this year, but has continued to make portfolio adjustments, including the recently announced sale of the Yukon-based Coffee project to Fuerte Metals (TSXV:FMT,OTCQB:FUEMF).
During the last gold bull run, miners were criticized for allowing their costs to get out of hand, and for doing high-priced deals when the market was hot. This time around, they seem to be making efforts to remain in control and make decisions that benefit both their bottom lines and shareholders.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.