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December 06, 2021
Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM, TSX: NGT) announced today that it has commenced offers to purchase for cash any and all of the outstanding (i) 3.700% Notes due 2023 (the "Newmont Notes") issued by Newmont (the "Newmont Notes Offer") and (ii) 3.700% Notes due 2023 (the "Goldcorp Notes" and, together with the Newmont Notes, the "Notes") issued by Goldcorp Inc., a wholly-owned subsidiary of Newmont ("Goldcorp") (the "Goldcorp Notes Offer" and, together with the Newmont Notes Offer, the "Offers" and each, an "Offer"). The following table sets forth the material pricing terms for each Offer:
Title of | Issuer |
CUSIP
|
Aggregate
|
Reference U.S.
|
Bloomberg
|
Fixed
|
Early
| ||||
3.700% Notes due 2023 | Newmont Corporation | 651639 AS5 | $323,154,000 | 0.500% UST due 03/15/2023 | FIT4 | 25 | $50.00 | ||||
651639 AT3 | |||||||||||
U65163 AC8 | |||||||||||
3.700% Notes due 2023 | Goldcorp Inc. | 380956 AD4 | $90,549,000 | 0.500% UST due 03/15/2023 | FIT4 | 25 | $50.00 |
(1) | The page on Bloomberg from which the Dealer Managers will quote the bid side prices of the Reference U.S. Treasury Security. | |
(2) | Per $1,000 principal amount of the Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the applicable Offer. |
In connection with the Newmont Notes Offer, Newmont is soliciting consents (the "Newmont Notes Consent Solicitation") from holders of the Newmont Notes to certain proposed amendments (the "Newmont Notes Proposed Amendments") to the indenture governing the Newmont Notes (the "Newmont Indenture") to (i) eliminate substantially all of the restrictive covenants and certain events of default under the Newmont Indenture and (ii) shorten the minimum notice period for the optional redemption of the Newmont Notes from 30 calendar days to two (2) business days (the "Newmont Notes Consents").
In connection with the Goldcorp Notes Offer, Newmont is soliciting consents (the "Goldcorp Notes Consent Solicitation" and, together with the Newmont Notes Consent Solicitation, the "Consent Solicitations" and each, a "Consent Solicitation") from holders of the Goldcorp Notes to a proposed amendment (the "Goldcorp Notes Proposed Amendment" and, together with the Newmont Notes Proposed Amendments, the "Proposed Amendments") to the indenture governing the Goldcorp Notes (the "Goldcorp Indenture" and, together with the Newmont Indenture, the "Indentures") to shorten the minimum notice period for the optional redemption of the Goldcorp Notes from 30 calendar days to two (2) business days (the "Goldcorp Notes Consent" and, together with the Newmont Notes Consents, the "Consents").
Each Offer and Consent Solicitation for a series of Notes is separate and distinct and is not conditioned upon the consummation of the other Offer or Consent Solicitation or adoption of the Proposed Amendments in respect of the other series of Notes or obtaining the requisite Consent with respect to the other series of Notes or the completion of the Offer for the other series of Notes.
The Offers and the Consent Solicitations are subject to the satisfaction or waiver of certain conditions as described in the Offer to Purchase and Consent Solicitation Statement, dated December 6, 2021 (the "Offer to Purchase"), including the issuance and sale of debt securities by Newmont on terms satisfactory to the Company that will generate net proceeds in an amount that is sufficient to finance the purchase of the Notes validly tendered and accepted for purchase on or prior to the Early Settlement Date (as defined below).
The Offers and Consent Solicitations will expire at 11:59 p.m., New York City time, on January 4, 2022, unless extended by the Company in its sole discretion (such time and date, as the same may be extended, the "Expiration Time") or earlier terminated. In order to be eligible to receive the Total Consideration (as described below) for tendered Notes, holders must validly tender their Notes and deliver Consents at or prior to 5:00 p.m., New York City time, on December 17, 2021 (such date and time, as the same may be extended, the "Early Tender Deadline"), and not validly withdraw their tendered Notes or revoke the related Consents before such time.
The consideration (the "Newmont Notes Total Consideration") offered per $1,000 principal amount of Newmont Notes validly tendered and accepted for purchase pursuant to the Newmont Notes Offer will be determined in the manner described in the Offer to Purchase by reference to the fixed spread for the Newmont Notes specified above plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified above as quoted on the applicable page on the Bloomberg Bond Trader FIT4 series of pages at 10:00 a.m., New York City time on December 17, 2021.
The consideration (the "Goldcorp Notes Total Consideration" and, together with the Newmont Notes Total Consideration, the "Total Consideration") offered per $1,000 principal amount of Goldcorp Notes validly tendered and accepted for purchase pursuant to the Goldcorp Notes Offer will be determined in the manner described in the Offer to Purchase by reference to the fixed spread for the Goldcorp Notes specified above plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified above as quoted on the applicable page on the Bloomberg Bond Trader FIT4 series of pages at 10:00 a.m., New York City time on December 17, 2021.
Holders of any Notes that are validly tendered at or prior to the Early Tender Deadline and that are accepted for purchase will receive the applicable Total Consideration.
Holders of Newmont Notes that are validly tendered after the Early Tender Deadline but prior to the Expiration Time and that are accepted for purchase will receive the Newmont Notes Total Consideration minus an early tender payment of $50 (the "Newmont Notes Early Tender Payment"). As used herein, the Newmont Notes Total Consideration minus the Newmont Notes Early Tender Payment is referred to as the "Newmont Notes Tender Offer Consideration."
Holders of Goldcorp Notes that are validly tendered after the Early Tender Deadline but prior to the Expiration Time and that are accepted for purchase will receive the Goldcorp Notes Total Consideration minus an early tender payment of $50 (the "Goldcorp Notes Early Tender Payment"). As used herein, (i) the Goldcorp Notes Total Consideration minus the Goldcorp Notes Early Tender Payment is referred to as the "Goldcorp Notes Tender Offer Consideration" and (ii) the Newmont Notes Tender Offer Consideration and the Goldcorp Notes Tender Offer Consideration is referred to as the "Tender Offer Consideration."
In addition to the Total Consideration or the Tender Offer Consideration, as applicable, all holders of Notes accepted for purchase will also receive accrued and unpaid interest on Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the Early Settlement Date or promptly following the Expiration Time (the "Final Settlement Date"), as applicable, payable on the Early Settlement Date or the Final Settlement Date, as applicable.
The Early Tender Deadline is the last time for Holders to tender Notes in order to be eligible to receive the applicable Total Consideration. Payment for the Notes that are validly tendered at or prior to the Early Tender Deadline and that are accepted for purchase will be made on the date referred to as the "Early Settlement Date." Newmont expects that the Early Settlement Date will be December 20, 2021 or as promptly as practicable thereafter.
Notes that are not tendered and accepted for payment pursuant to the Offer will remain obligations of Newmont or Goldcorp, as applicable. There is no requirement in the Indentures or otherwise that Newmont or Goldcorp redeem any Notes, and unless redeemed, such Notes will continue to remain outstanding. Newmont and Goldcorp currently intend to send a notice of redemption to redeem any Notes outstanding after the Early Settlement Date.
This press release does not constitute a notice of redemption under the optional redemption provisions of the Indentures. Any notice of redemption of the Notes will be delivered pursuant to separate notices of redemption delivered in accordance with the terms of the applicable Indenture.
The complete terms and conditions of the Offers and Consent Solicitations are set forth in the Offer to Purchase that is being sent to holders of the Notes.
BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as Dealer Managers for the Offers and Solicitation Agents for the Consent Solicitations. Persons with questions regarding the Offers and Consent Solicitations should contact BMO Capital Markets Corp. toll-free at (833) 418-0762 or collect at (212) 702-1840, Credit Suisse Securities (USA) LLC toll-free at (800) 820-1653 or collect at (212) 325-7823, Goldman Sachs & Co. LLC toll-free at (800) 828-3182 (toll-free) or collect at (212) 902-6351 and J.P. Morgan Securities LLC toll free at (866) 834-4666 or collect at (212) 834-4045. Requests for documents should be directed to D.F. King & Co., Inc., the Tender and Information Agent for the Offers and Consent Solicitations, at (212) 269-5550 (for banks and brokers) or (800) 549-6746 (for noteholders), or via the following web address: www.dfking.com/newmont .
This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase with respect to any of the Notes. The Offers and Consent Solicitations are being made pursuant to the tender offer documents, including the Offer to Purchase that the Company is distributing to holders of the Notes. The Offers and Consent Solicitations are not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities or other laws of such jurisdiction. None of the Company, the Dealer Managers and Solicitation Agents, the Tender and Information Agent or their respective affiliates is making any recommendation as to whether or not holders should tender all or any portion of their Notes in the Offers and Consent Solicitations.
About Newmont
Newmont is the world's leading gold company and a producer of copper, silver, zinc and lead. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.
At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, visit us at www.newmont.com .
Legal Cautionary Statement:
This press release contains "forward-looking statements." Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual events or results to differ materially from future events or results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address Newmont's expected future business, financial performance and financial condition and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "target," "indicative," "preliminary" or "potential." Such forward-looking statements may include, without limitation, statements regarding expected closing date for an offering of Newmont's debt securities and the use of proceeds from such offering.
Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions include, without limitation: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of operations and projects being consistent with current expectations and mine plans, including, without limitation, receipt of export approvals; (iii) political developments in any jurisdiction in which Newmont operates being consistent with its current expectations; (iv) certain exchange rate assumptions being approximately consistent with current levels; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of current mineral reserve and mineralized material estimates; (viii) other planning assumptions; and (ix) the timely satisfaction of closing conditions and receipt of approvals in connection with pending divestitures.
For a more detailed discussion of risks and other factors that might impact future looking statements, see Newmont's Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, as well as Newmont's registration statement on Form S-3ASR (No. 333-258097) relating to the issuance of its debt securities, under the headings "Risk Factors", which are filed with the U.S. Securities and Exchange Commission (the "SEC") and available on the SEC website or www.newmont.com , as well as the Company's other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement", to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005479/en/
Newmont Media Contact
Courtney Boone
303.837.5159
courtney.boone@newmont.com
Newmont Investor Contact
Daniel Horton
303.837.5468
daniel.horton@newmont.com
News Provided by Business Wire via QuoteMedia
The Conversation (0)
08 April 2022
Newmont
Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.
03 July
Bert Dohmen: Gold, Silver Key as Stock Market Bull Trap Looms
Bert Dohmen, founder and CEO of Dohmen Capital Research, sees physical gold and silver as key safe havens as a potential bull trap in the broad stock market plays out.
"We said we're probably going to go to a new high in a major, widely watched index like the S&P 500 (INDEXSP:.INX). It's going to be by a small amount a new high, and that's going to close the bull trap," he said.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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03 July
Top 5 ASX Gold Stocks of 2025
Gold continued to perform well through the second quarter of 2025, reaching a new all-time high of AU$5,425 per ounce on April 22.
The price surge has occurred amid volatile equity and financial markets since the start of the year, driven by concerns over a global trade war and escalating geopolitical tensions in the Middle East.
The rising gold price has also been supported by uncertainty over a looming debt crisis in the United States. Some investors have turned away from dollar-denominated haven assets, such as US Treasuries, in favour of precious metals like gold.
What implications do these circumstances hold for ASX-listed gold stocks? Read on to discover which companies have seen the biggest gains in 2025. Data for this article was retrieved on June 25, 2025, using TradingView's stock screener, and only companies with market capitalizations greater than AU$10 million at that time were considered.
1. Forrestania Resources (ASX:FRS)
Year-to-date gain: 469.23 percent
Market cap: AU$23.91 million
Share price: AU$0.074
Forrestania Resources is a gold, copper and lithium exploration company with projects in Western Australia. Since the start of the year, the company has been focused on gold exploration at its Bonnie Vale and Forrestania projects.
Bonnie Vale lies within the Eastern Goldfields. The property covers an area of 75 square kilometres and hosts multiple zones of mineralization, including the Ada Ann prospect. Historic drilling at the site has seen assays returned up to 12.8 grams per tonne (g/t) gold over 4 metres.
Shares started to gain after the company announced on February 13 that it had begun follow-up drilling at the prospect and would build on its maiden program at the site. The most recent results from the program were released on May 9, with the company reporting a highlighted assay of 4.3 g/t gold over 7 metres, including 25.6 g/t over 1 metre.
The company said the results showed some thickening of the mineralized zones at depth, adding that the known mineralization had been extended to the north and south, with the prospect open in all directions.
The company has also been working on its Lady Lila gold prospect at its Forrestania gold-lithium project. The prospect, located in the Southern Cross Greenstone Belt, has a strike length of 2 kilometres and a width of 700 metres. According to the company website, the deposit has an inferred resource of 24,000 ounces of gold from 514,000 tonnes of ore with an average grade of 1.4 g/t gold.
On May 12, Forrestania announced both an upcoming drill program at the Lady Lila prospect and the company's acquisition of a tenement immediately adjacent to it.
Additionally, Forrestania reported on May 16 that metallurgical engineer David Geraghty joined the company board as a non-executive director. The company noted that he is a highly experienced mining executive and brings a background in project development and operational expertise.
The company's share price climbed in the following weeks to reached a year-to-date high of AU$0.085 on May 28.
2. Native Mineral Resources (ASX:NMR)
Year-to-date gain: 361.54 percent
Market cap: AU$169.89 million
Share price: AU$0.18
Native Mineral Resources is a gold exploration and development company advancing its Charters Tower gold project in Northeast Queensland, Australia, to production in Q3 of this year. It also owns the Palmerville gold-copper project in the same state.
Native acquired Charters Tower in November 2024 for AU$18.9 million and a 2 percent royalty on gold production .
The project consists of 17 granted mining leases, one mineral development licence, six exploration permits and one exploration permit application. The site hosts the Far Fanning and Blackjack deposits, both of which have a historic exploration background. Additionally, Blackjack is home to a 340,000 tonne per annum gold processing plant.
The company announced on June 17 that it was on schedule for first gold pour at Blackjack by the end of July. At that time, the open pit was established, dry commissioning of the plant was underway and water and air services installations were nearing completion. Infrastructure and surface preparation is also on track to support the commencement of mining in Q3 2025.
As for Palmerville, Native Mineral Resources announced June 16 that it was granted a new exploration permit that expanded the project. The company is planning fieldwork at the project later this year.
Shares in Native Mineral Resource reached a year-to-date high of AU$0.22 on June 17.
3. Trek Metals (ASX:TKM)
Year-to-date gain: 290.91 percent
Market cap: AU$42.78 million
Share price: AU$0.086
Trek Metals is an exploration company with several assets throughout Australia, including the highly prospective Christmas Creek project. The property covers an area of 1,183 square kilometres in the Kimberley Region of Western Australia, and, according to Trek, has significant district-scale potential for gold and rare earth elements.
The company wholly acquired Christmas Creek as part of its acquisition of ArcherX in October 2023. Newmont (TSX:NGT,NYSE:NEM) had previously earned a 75 percent interest in the project from ArcherX, but returned it as part of a portfolio rebalancing.
Shares in Trek gained significantly starting on March 17 after the company reported visible gold in drill chips from its 2024 exploration campaign at the Martin target. The chips came from two previously reported high-grade intervals, one of which graded an average of 12.66 g/t gold over 10 metres.
Trek said it decided to fast-track drilling based on this discovery, along with down-hole televiewer data that confirmed a series of stacked veins.
Following surveying and earthworks in preparation of the next phase, Trek commenced a major drill at the site on June 4, targeting extensions of the Martin target while also focusing on mineralization from other targets.
The company followed up with an announcement on June 25 that it had secured an additional rig to enlarge the drill program for deeper exploration and to obtain more detailed structural information.
Shares in Trek reached a year-to-date high of AU$0.092 on June 23.
4. African Gold (ASX:A1G)
Year-to-date gain: 224.56 percent
Market cap: AU$86.85 million
Share price: AU$0.185
African Gold is a gold exploration company with projects in Côte d’Ivoire. The company’s primary focus in 2025 has been on the Blaffo Guetto prospect at its Didievi gold project in Central Côte d’Ivoire.
During the first half of 2025, African Gold conducted a 10,000 metre diamond drill program at the site, with the intention of upgrading its July 2024 maiden inferred resource of 452,000 ounces of gold from 4.93 million tonnes at an average grade of 2.9 g/t gold.
On June 23, the company announced that its efforts had yielded a significant boost to its resources, reporting an updated inferred resource of 989,000 ounces from 12.4 million tonnes, with an average grade of 2.5 g/t, using a cut-off grade of 0.8 g/t. The announcement added that the gold system has been primarily tested at near-surface depths of approximately 300 metres and has demonstrated mineralization open in all directions.
African Gold has also been drilling at other targets at Didievi this year that are outside the resource area. The company reported the discovery of a large gold system at the Poku Trend in April, and confirmed continuous gold mineralisation over 600 metres at the Pranoi prospect in May.
In addition to exploration work, on March 25 African Gold announced a strategic partnership with Montage Gold (TSX:MAU), a fellow gold company in Côte d’Ivoire advancing its Koné gold project towards production in 2027, as well as a private placement for up to AU$1.84 million with separate investors that was later upsized to AU$2.7 million.
Montage and insiders would acquire a large stake in African Gold through a share swap of 2.03 million shares of Montage for 92.38 million shares in African Gold, both valued at AU$6.47 million, as well as through a placement of 12.37 million shares to Montage insiders worth AU$866,000. Following the completion of the deal on June 13, Montage holds a 17.5 percent stake in African Gold.
Shares in African Gold reached a year-to-date high of AU$0.195 on June 26.
5. Torque Metals (ASX:TOR)
Year-to-date gain: 203.92 percent
Market cap: AU$76.35 million
Share price: AU$0.145
Torque Metals is a gold exploration company working to advance its flagship Paris gold project in Western Australia. The property covers an area of 700 square kilometres near Kalgoorlie.
In June, Torque completed its merger with Aston Minerals that was announced on January 28. The combined business controls 1.75 million ounces of gold resources between Torque’s Paris project and Aston’s Edleston gold project in Ontario, Canada.
The company has spent the first half of 2025 focused on exploration work at its Paris project, announcing the discovery of parallel lodes on March 6. The trends were identified through shallow drilling, with one located 80 metres southeast of the main Paris deposit and the other,= 100 metres northwest.
Initial assays from the drilling returned highlighted drill samples from the southeastern lode of 4.04 g/t gold over 4 metres, which included an intersection of 7.39 g/t over 2 metres. Meanwhile, the northwestern lode returned a highlighted sample of 1.02 g/t over 7 metres.
The company furthered the exploration work in April through the use of down-hole electromagnetic surveys. It reported on May 5 that the surveys detected large off-hole conductors "extending well beyond the current mineral resource estimate," indicating potential for resource growth. Due to the success of the surveys thus far, Torque said it plans to continue using the method over further targets at its project.
The most recent announcement from the project came on May 8, when the company reported that it had been awarded a co-funded diamond drilling grant through Western Australia’s Exploration Incentive Scheme. The company will receive AU$144,500 toward drilling for gold extensions west of the known zones.
Shares in Torque reached a year-to-date high of AU$0.155 on June 26.
FAQs for ASX gold stocks
How to invest in gold on the ASX?
As Australia is a top gold-mining jurisdiction and the country's government is supportive of mining, there are plenty of options for investing in gold on the ASX. Between gold miners operating major projects and gold explorers hunting for the next significant gold discovery, investors can choose what kind of company matches their risk appetite and portfolio.
When looking for a gold company to invest in, be sure to do your due diligence and learn about the company's key characteristics, including its leadership team, its finances and the geology of its projects.
How to buy gold stocks on the ASX?
Once you’ve selected a company or multiple companies to invest in, you can buy gold stocks using trading apps with access to ASX stocks, or you can get the help of a stock broker.
How to buy gold ETFs on the ASX?
For investors who prefer broader exposure to a sector, exchange-traded funds (ETFs) are a good option, and the ASX is home to multiple gold-focused ETFs. Because they are traded on exchanges like stocks, you can buy ETFs using the same methods described above. ASX-listed gold ETFs to consider include:
- ETFS Physical Gold (ASX:GOLD), which promises "low-cost access to physical gold via the stock exchange" and can be redeemed for physical gold.
- Perth Mint Gold (ASX:PMGOLD), which tracks the international price of physical gold.
- BetaShares Gold Bullion (ASX:QAU), which also tracks the physical bullion price.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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03 July
Sun Summit Minerals: Advancing District-scale Gold and Copper Projects in British Columbia
Sun Summit Minerals (TSXV:SMN,OTCQB:SMREF) is a Canadian mineral exploration company advancing district-scale gold and copper projects in British Columbia. Its flagship JD Project, located in the prolific Toodoggone district, is the focus of an aggressive 5,000-meter drill program in 2025 targeting a potential multi-million-ounce epithermal gold-silver system.
With funding in place, a five-year exploration permit secured, and an on-site camp established, Sun Summit is executing a disciplined strategy to build scale, unlock resource value, and deliver returns to shareholders. Reinvigorated by a revamped leadership team and a refined vision, the company is leveraging high-grade, strategically located assets to drive long-term growth.
The JD and Theory projects cover over 25,000 hectares in the heart of British Columbia’s Toodoggone mining district, one of Canada’s most prospective regions for epithermal gold-silver and porphyry copper-gold systems. The district hosts several significant deposits, including Thesis Gold’s Ranch and Lawyers projects (4.7 Moz gold equivalent, ~C$250 million market cap), Centerra Gold’s Kemess underground development, and TDG Gold’s Shasta-Baker project. The area is well supported by infrastructure, including hydroelectric grid access, all-season roads, and the nearby Sturdee airstrip.
Company Highlights
- Aggressive Discovery Strategy: Sun Summit Minerals is actively advancing the JD and Buck projects in BC, targeting epithermal gold-silver and porphyry copper-gold systems. A fully funded 5,000-meter drill program at JD underway in 2025, aiming to define a multi-million-ounce resource.
- Strategic Location: Both assets are situated in prolific and mining-friendly regions of British Columbia. The flagship JD project lies in the Toodoggone district—home to Thesis Gold and Centerra’s Kemess Mine, while Buck is near the Blackwater, Huckleberry, and Equity Silver mines in central BC.
- Re-rate Potential Opportunity: Trading at just ~$7/oz gold equivalent (EV/oz) based on Buck alone, with no value currently ascribed to JD, the company represents a deep value opportunity compared to the next-door neighbour Thesis Gold trading at ~$50/oz. Success at the drill bit from the ongoing drill program at JD could drive the potential re-rating.
- Fully Funded for 2025: A recent C$10M raise (May 2025) enables a robust exploration program, including drilling, geophysics, and soil sampling. The company is well-positioned to achieve its 2025 and 2026 exploration milestones without further dilution.
- Experienced, Capital Markets-Savvy Leadership: CEO Niel Marotta brings capital markets acumen from Fidelity and Orezone. The broader team includes senior geologists and advisors with decades of success in gold discoveries and mine development in BC.
- Positioned for Consolidation: With majors like Freeport, Centerra, and Skeena investing heavily in adjacent properties, Sun Summit is strategically located and advancing at the right time in the Lassonde Curve to benefit from industry-wide M&A and consolidation trends.
This Sun Summit Minerals profile is part of a paid investor education campaign.*
Click here to connect with Sun Summit Minerals (TSXV:SMN) to receive an Investor Presentation
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02 July
High grade gold in early stage drilling at Sandstone
02 July
Meeka Metals Reports First Gold Pour at Murchison Project
Meeka Metals (ASX:MEK) has poured the first gold at its flagship Murchison project in Western Australia.
The pour happened on Tuesday (July 1), and in a Wednesday (July 2) press release, the company said the project’s production is in line with schedule, happening within 12 months of breaking ground.
Murchison sits near several multimillion-ounce gold mines and hosts a large, high-grade resource of 1.2 million ounces at 3 grams per tonne (g/t) gold on granted mining leases.
Meeka released a definitive feasibility study in December 2024, outlining a 10 year production plan for the project. Up to 76,000 ounces per annum are targeted, with an average of 65,000 ounces approximated for the first seven years.
The study also focused on restarting the Andy Well mill, with site activity commencing during Q1 2025. Process plant commissioning followed in the next quarter, with the first gold pour following its projected schedule of mid 2025.
“It is an impressive achievement by the team to deliver first gold on time and within 12 months of breaking ground at the Murchison,” said Managing Director Tim Davidson. “We are now focused on ramping up gold production toward our targeted 80 kilo ounces per annum with the arrival of the third dig fleet and expanded open pit mining plan underway.”
Drilling at Turnberry Central, part of Murchison, was announced on June 10. Results include 30 metres at 1.09 g/t gold from 29 meters, including 9 meters at 2.45 g/t gold.
The company announced in mid-June that process plant commissioning was underway at Murchison.
Underground mining at Murchison’s Andy Well mill is set to begin in the third quarter of 2025. As per a company presentation shared by Meeka on June 19, Andy Well hosts a mineral resource of 505,000 ounces at 8.6 g/t gold.
First ore from Andy Well is expected in the third quarter of this year.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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02 July
Sun Summit Minerals
Investor Insight
Sun Summit Minerals is targeting the delineation of a multi-million-ounce gold-silver resource at its flagship JD project. With strategic positioning in an emerging consolidation hotspot, compelling valuation metrics, and a track record of discovery, Sun Summit is primed to deliver substantial value creation in the coming quarters.
Overview
Sun Summit Minerals (TSXV:SMN,OTCQB:SMREF) is a Canadian mineral exploration company focused on developing its district-scale gold and copper projects in British Columbia. The company’s flagship JD Project, located in the Toodoggone district, is undergoing an aggressive 5,000-meter drill campaign in 2025 aimed at delineating a multi-million-ounce epithermal gold-silver system.
Complementing JD is the company’s Buck project, a large, bulk-tonnage gold-silver system near Houston, BC, with an initial NI 43-101 resource estimate and significant exploration upside.
With capital in hand, a five-year exploration permit secured, and a camp established at JD, Sun Summit is executing a focused strategy to build scale, unlock resource potential and drive shareholder value. The company has taken lessons from its past and re-emerged with a sharpened vision, an overhauled team and assets that are not only high-grade but strategically located to create shareholder value.
Company Highlights
- Aggressive Discovery Strategy: Sun Summit Minerals is actively advancing the JD and Buck projects in BC, targeting epithermal gold-silver and porphyry copper-gold systems. A fully funded 5,000-meter drill program at JD underway in 2025, aiming to define a multi-million-ounce resource.
- Strategic Location: Both assets are situated in prolific and mining-friendly regions of British Columbia. The flagship JD project lies in the Toodoggone district—home to Thesis Gold and Centerra’s Kemess Mine, while Buck is near the Blackwater, Huckleberry, and Equity Silver mines in central BC.
- Re-rate Potential Opportunity: Trading at just ~$7/oz gold equivalent (EV/oz) based on Buck alone, with no value currently ascribed to JD, the company represents a deep value opportunity compared to the next-door neighbour Thesis Gold trading at ~$50/oz. Success at the drill bit from the ongoing drill program at JD could drive the potential re-rating.
- Fully Funded for 2025: A recent C$10M raise (May 2025) enables a robust exploration program, including drilling, geophysics, and soil sampling. The company is well-positioned to achieve its 2025 and 2026 exploration milestones without further dilution.
- Experienced, Capital Markets-Savvy Leadership: CEO Niel Marotta brings capital markets acumen from Fidelity and Orezone. The broader team includes senior geologists and advisors with decades of success in gold discoveries and mine development in BC.
- Positioned for Consolidation: With majors like Freeport, Centerra, and Skeena investing heavily in adjacent properties, Sun Summit is strategically located and advancing at the right time in the Lassonde Curve to benefit from industry-wide M&A and consolidation trends.
Key Projects
JD & Theory Projects
The JD & Theory projects span more than 25,000 hectares in the heart of the Toodoggone mining district in north-central BC, one of Canada’s most prospective belts for epithermal gold-silver and porphyry copper-gold systems. The district is home to Thesis Gold’s Ranch and Lawyers deposits (4.7 Moz gold equivalent, C$250 million market cap), Centerra’s Kemess underground development, and TDG Gold’s Shasta-Baker project. Infrastructure around the project includes hydroelectric grid access, the nearby Sturdee airstrip and all-season roads.
The JD project hosts a 4.5 km mineralized corridor, known as Creek-Finn, with multiple underexplored targets showing evidence of both high-grade veins and broad disseminated gold systems. Historic and recent drill highlights include:
- 2.1 grams per ton (g/t) gold over 122.5 m including 121 g/t gold over 1.5 m (CZ-24-004)
- 11.7 g/t gold over 22 m including 61.2 g/t gold over 4 m (CZ97-008)
- 7.3 g/t gold over 35.7 m including 215.4 g/t gold over 1 m (JD95-0472)
The Creek Zone features high-grade epithermal veins within broader disseminated zones, supported by strong IP anomalies and gold-in-soil results up to 12.2 g/t gold. The Finn Zone hosts near-surface mineralization with extensive historical drilling (~270 holes) and is open in all directions. Other targets include McClair (porphyry copper), East McClair (copper-gold skarn) and Moosehorn.
The 2025 program includes 5,000 meters of core drilling across 25 holes, 20 km of IP geophysics, 2,000+ soil samples, and full-scale camp operations. A five-year permit secured in April 2025 provides exploration continuity through 2030.
Camp setup at JD project
Sun Summit can earn 100 percent of the JD project by making staged cash/share payments and completing work commitments through 2029. With ~C$6 million earmarked for the project this year alone, Sun Summit is expected to fulfill its 2025 and 2026 earn-in obligations without additional equity raises.
Buck Project
The 100 percent owned Buck project spans 52,000 hectares and is located near key deposits, including Artemis Gold’s Blackwater (8 Moz gold), Imperial’s Huckleberry copper mine, and Newmont’s historic Equity Silver mine. Buck features near-surface bulk-tonnage gold-silver mineralization with porphyry copper-molybdenum potential at depth.
In February 2025, Sun Summit published its inaugural NI 43-101 mineral resource:
- Indicated: 1.15 Mt @ 0.519 g/t gold equivalent (19,100 oz)
- Inferred: 52.2 Mt @ 0.489 g/t gold equivalent (820,400 oz)
Mineralization remains open in all directions. Buck is considered a strategic asset providing leverage to rising gold prices and future transaction potential, but currently receives minimal capital allocation as JD is prioritized.
Management Team
Niel Marotta – Chief Executive Officer and Director
Niel Marotta has more than two decades of capital markets experience, including a successful tenure at Fidelity (FMRCo.), where he managed the top-performing Select Gold Fund and oversaw >$1 billion in AUM. He was previously VP at Orezone Resources, where he helped lead its C$350 million acquisition by IAMGOLD. Marotta has raised over $1 billion in financing and is driving Sun Summit’s transition from a legacy explorer to a discovery-focused value generator.
Brian Lock – Executive Chairman
A veteran of the mining industry with 40+ years of executive experience, Brian Lock has led multiple public companies, including Castle Peak Mining and Scorpio Gold. His expertise spans project development, M&A and corporate governance.
Waseem Javed – Chief Financial Officer
A seasoned mining CFO, Waseem Javed ensures disciplined capital deployment and financial controls. His experience spans junior explorers and mid-tier producers across Canada and the US.
Ken MacDonald – VP Exploration
Ken MacDonald is a registered professional geologist with over 30 years in mineral exploration and permitting in BC. Formerly with the BC Mines Branch and multiple juniors, he leads Sun Summit’s technical programs and NI 43-101 compliance.
Christopher Leslie – Technical Advisor
An expert in porphyry and epithermal systems, Christopher Leslie led the discovery of the 8 Moz Blackwater deposit while at Richfield Ventures, and later served as VP exploration for Tower Resources. He was instrumental in advancing the JD-Theory project during its prior ownership.
Robert D. Willis – Senior Advisor
Founder of several successful exploration companies, including Pioneer Metals and Manhattan Minerals, Robert Willis has 35+ years of technical and executive experience across North and South America.
Terry Salman – Strategic Advisor
Founder of Salman Partners and one of Canada’s most influential mining financiers, Terry Salman has backed dozens of successful juniors over a 40-year career in mining investment banking.
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