High Grade Results and Rising Forecasts Reignite Momentum in Gold Miners May 07, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold’s run to $3,500 in late April has forced analysts to rethink their forecasts. Deutsche Bank now sees $3,700 gold on the horizon, while billionaire investor John Paulson expects it could approach $5,000 by 2028. After a brief pullback to $3,300, strength has returned to the sector, and gold mining stocks are starting to reflect that renewed momentum. Several names have recently released notable updates, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), AngloGold Ashanti plc (NYSE: AU), Gold Fields Limited (NYSE: GFI), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), and McEwen Mining Inc. (NYSE: MUX) (TSX: MUX). Gold prices bounced back sharply after China, the world’s largest gold-buying market, returned from its holiday break, helping reignite momentum across gold miner stocks. Forecasts are climbing fast. JP Morgan now sees $4,000 gold as early as Q2 2026, while Ed Yardeni of Yardeni Research believes it could arrive by year-end. Industry heavyweight Rob McEwen has echoed John Paulson’s call, expecting gold to hit $5,000 within the next few years, which could set the stage for a major rally in gold mining equities. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), a junior gold developer focused on East Africa, has just taken a meaningful step toward a potential near-term production opportunity. The company recently signed a non-binding Letter of Intent with Nyati Resources to evaluate a potential small-scale development partnership at its Tembo Project in Tanzania. "We are excited by the potential to leverage existing processing infrastructure and local ore sources to create a scalable gold production platform in Tanzania,” said Marc Cernovitch, President and CEO of Lake Victoria Gold. “This proposed partnership aligns with our strategy of unlocking near-term value while continuing to advance our core exploration assets." The partnership under evaluation would bring together mineralized material from LVG’s 100%-owned Mining Licences with Nyati’s existing 120 tpd processing plant, plus a second 500 tpd facility now under construction. The plan envisions a dedicated operating company structured to meet the Tanzanian Government’s 16% free carried interest framework. Both parties have entered a 60-day exclusivity window to complete due diligence and finalize terms. This LOI builds on LVG’s earlier disclosure that it was exploring small-scale development opportunities at Tembo, within the company’s four Mining Licences. While still in the early stages, this initiative is part of a broader strategy to assess near-term development options. The company notes that it is not underpinned by a current mineral resource estimate or Feasibility Study and remains subject to meaningful technical and economic risks. “Tembo has always stood out as a project with the potential to deliver both near-term value and long-term discovery upside,” said Simon Benstead, Chairman and CFO of Lake Victoria Gold. “Evaluating this small-scale development opportunity allows us to test the system, generate operational insights, and potentially self-fund ongoing exploration. We believe this approach aligns well with our disciplined strategy and our commitment to responsible, phased development in Tanzania.” Bordering the prolific Bulyanhulu Mine operated by Barrick, the Tembo Project has benefited from over US$28 million in historical exploration, including more than 50,000 meters of drilling. Targets like Ngula 1, Nyakagwe Village, and Nyakagwe East remain open along strike and at depth, continuing to demonstrate strong geological potential. While Tembo represents the company’s long-term growth anchor, the Imwelo Project is positioned to be the first mover in LVG’s portfolio. Acquired earlier this year, Imwelo is fully permitted and strategically located near AngloGold Ashanti’s Geita Gold Mine. A 2021 pre-feasibility study and existing approvals suggest a potentially streamlined path toward construction. To support its next phase of growth without issuing more shares, Lake Victoria Gold signed a non-binding gold prepay term sheet in late 2024 with Monetary Metals. The arrangement provides upfront capital now, in exchange for delivering a portion of future gold production at a modest discount. This non-dilutive structure aligns repayment with LVG’s production timeline and outlines access to the value of up to 7,000 ounces of gold—helping fund construction and development at the Imwelo Project. More recently, in February 2025, the company completed the initial tranche of a strategic, three-stage investment agreement with Taifa Group, raising C$3.52 million at C$0.22 per share. As part of the evolving partnership, Taifa’s former CEO, Richard Reynolds, has joined the board of LVG. LVG also retains exposure to long-term upside through its 2021 agreement with Barrick, which outlines up to US$45 million in potential milestone-based payments. Backed by development momentum at Imwelo, near-term optionality at Tembo, and strategic partnerships, the company is steadily positioning itself as a noteworthy player among East Africa’s emerging gold developers. With multiple growth levers in motion—from exploration and joint ventures to funding agreements and project advancement—Lake Victoria Gold continues to build momentum in one of Africa’s most prospective gold regions. CONTINUED… Read this and more news for Lake Victoria Gold at: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ In other industry developments and happenings in the market include: AngloGold Ashanti plc (NYSE: AU) and Gold Fields Limited (NYSE: GFI) have paused discussions to merge their neighboring Iduapriem and Tarkwa mines in Ghana, opting instead to focus on improving standalone performance at each site. Under the proposed joint venture plan, Gold Fields and AngloGold would have owned 60% and 30% respectively, with the Ghana government holding 10%. "The companies have decided to pause discussions around the joint venture to allow them to focus on improving the current, standalone performance at their respective sites," said AngloGold in a statement. AngloGold has identified changes to its Iduapriem mine plan that could unlock greater long-term value, while Gold Fields is prioritizing optimization at Tarkwa. Both companies say the door remains open to revisit the joint venture down the line. In 2024, Iduapriem produced 237,000 ounces of gold at a total cash cost of $1,118 per ounce. Meanwhile, Gold Fields is reported to have entered an agreement through its wholly-owned subsidiary Gruyere Holdings, to acquire 100% of mid-tier Australian gold producer Gold Road Resources for roughly US$2.4 billion. Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) is ramping up advocacy for a formal Arctic strategy as it expands operations in Nunavut, where its Hope Bay project is expected to restart production early next year. The company’s Chairman, Sean Boyd, cited geopolitical risks and infrastructure gaps as reasons why Canada must prioritize development in the far north. “It’s pretty clear, based on the US interest in Greenland and the US administration’s comments around Canada and critical metals, that Canada needs to focus more on the opportunity that exists in Canada’s far north and in the communities and in the people that live in the far north,” said Boyd. “We’ve got a really strong pipeline of bigger projects. So our strategy isn’t to pick up smaller things and try to make them better.” Agnico, now the world’s second-largest gold miner by market cap, has seen its stock surge 45% year-to-date by focusing on high-potential domestic assets. Despite speculation, the company is not interested in acquiring smaller mines, saying its growth pipeline is already strong. McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) recently deepened its investment in Inventus Mining by exercising 9.2 million warrants worth C$828,000, boosting its support for the 2025 bulk sampling program at the Pardo gold project. Inventus, which holds the first major paleoplacer gold discovery in North America, is now conducting grade-control drilling to prepare for extraction. The two companies have signed an MOU to potentially process up to 45,000 tons at McEwen’s Stock Mill over the next year. Backed by strong historical grades and a supportive partner, Inventus is working to unlock value from a unique near-surface deposit. “We are extremely pleased by McEwen Mining’s continued support through their participation in the early warrant exercise program,” said Wesley Whymark, Inventus Mining’s president and head of exploration. “This funding will directly support the execution of our 2025 bulk sampling plans. With grade-control drilling now underway, we are taking steps to better define the thickness and gold grade of our bulk sample sites in preparation for extraction and processing.” Article Source: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ CONTACT: Baystreet.ca [email protected] (250) 661-3391 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
High Grade Results and Rising Forecasts Reignite Momentum in Gold Miners May 07, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold’s run to $3,500 in late April has forced analysts to rethink their forecasts. Deutsche Bank now sees $3,700 gold on the horizon, while billionaire investor John Paulson expects it could approach $5,000 by 2028. After a brief pullback to $3,300, strength has returned to the sector, and gold mining stocks are starting to reflect that renewed momentum. Several names have recently released notable updates, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), AngloGold Ashanti plc (NYSE: AU), Gold Fields Limited (NYSE: GFI), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), and McEwen Mining Inc. (NYSE: MUX) (TSX: MUX). Gold prices bounced back sharply after China, the world’s largest gold-buying market, returned from its holiday break, helping reignite momentum across gold miner stocks. Forecasts are climbing fast. JP Morgan now sees $4,000 gold as early as Q2 2026, while Ed Yardeni of Yardeni Research believes it could arrive by year-end. Industry heavyweight Rob McEwen has echoed John Paulson’s call, expecting gold to hit $5,000 within the next few years, which could set the stage for a major rally in gold mining equities. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), a junior gold developer focused on East Africa, has just taken a meaningful step toward a potential near-term production opportunity. The company recently signed a non-binding Letter of Intent with Nyati Resources to evaluate a potential small-scale development partnership at its Tembo Project in Tanzania. "We are excited by the potential to leverage existing processing infrastructure and local ore sources to create a scalable gold production platform in Tanzania,” said Marc Cernovitch, President and CEO of Lake Victoria Gold. “This proposed partnership aligns with our strategy of unlocking near-term value while continuing to advance our core exploration assets." The partnership under evaluation would bring together mineralized material from LVG’s 100%-owned Mining Licences with Nyati’s existing 120 tpd processing plant, plus a second 500 tpd facility now under construction. The plan envisions a dedicated operating company structured to meet the Tanzanian Government’s 16% free carried interest framework. Both parties have entered a 60-day exclusivity window to complete due diligence and finalize terms. This LOI builds on LVG’s earlier disclosure that it was exploring small-scale development opportunities at Tembo, within the company’s four Mining Licences. While still in the early stages, this initiative is part of a broader strategy to assess near-term development options. The company notes that it is not underpinned by a current mineral resource estimate or Feasibility Study and remains subject to meaningful technical and economic risks. “Tembo has always stood out as a project with the potential to deliver both near-term value and long-term discovery upside,” said Simon Benstead, Chairman and CFO of Lake Victoria Gold. “Evaluating this small-scale development opportunity allows us to test the system, generate operational insights, and potentially self-fund ongoing exploration. We believe this approach aligns well with our disciplined strategy and our commitment to responsible, phased development in Tanzania.” Bordering the prolific Bulyanhulu Mine operated by Barrick, the Tembo Project has benefited from over US$28 million in historical exploration, including more than 50,000 meters of drilling. Targets like Ngula 1, Nyakagwe Village, and Nyakagwe East remain open along strike and at depth, continuing to demonstrate strong geological potential. While Tembo represents the company’s long-term growth anchor, the Imwelo Project is positioned to be the first mover in LVG’s portfolio. Acquired earlier this year, Imwelo is fully permitted and strategically located near AngloGold Ashanti’s Geita Gold Mine. A 2021 pre-feasibility study and existing approvals suggest a potentially streamlined path toward construction. To support its next phase of growth without issuing more shares, Lake Victoria Gold signed a non-binding gold prepay term sheet in late 2024 with Monetary Metals. The arrangement provides upfront capital now, in exchange for delivering a portion of future gold production at a modest discount. This non-dilutive structure aligns repayment with LVG’s production timeline and outlines access to the value of up to 7,000 ounces of gold—helping fund construction and development at the Imwelo Project. More recently, in February 2025, the company completed the initial tranche of a strategic, three-stage investment agreement with Taifa Group, raising C$3.52 million at C$0.22 per share. As part of the evolving partnership, Taifa’s former CEO, Richard Reynolds, has joined the board of LVG. LVG also retains exposure to long-term upside through its 2021 agreement with Barrick, which outlines up to US$45 million in potential milestone-based payments. Backed by development momentum at Imwelo, near-term optionality at Tembo, and strategic partnerships, the company is steadily positioning itself as a noteworthy player among East Africa’s emerging gold developers. With multiple growth levers in motion—from exploration and joint ventures to funding agreements and project advancement—Lake Victoria Gold continues to build momentum in one of Africa’s most prospective gold regions. CONTINUED… Read this and more news for Lake Victoria Gold at: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ In other industry developments and happenings in the market include: AngloGold Ashanti plc (NYSE: AU) and Gold Fields Limited (NYSE: GFI) have paused discussions to merge their neighboring Iduapriem and Tarkwa mines in Ghana, opting instead to focus on improving standalone performance at each site. Under the proposed joint venture plan, Gold Fields and AngloGold would have owned 60% and 30% respectively, with the Ghana government holding 10%. "The companies have decided to pause discussions around the joint venture to allow them to focus on improving the current, standalone performance at their respective sites," said AngloGold in a statement. AngloGold has identified changes to its Iduapriem mine plan that could unlock greater long-term value, while Gold Fields is prioritizing optimization at Tarkwa. Both companies say the door remains open to revisit the joint venture down the line. In 2024, Iduapriem produced 237,000 ounces of gold at a total cash cost of $1,118 per ounce. Meanwhile, Gold Fields is reported to have entered an agreement through its wholly-owned subsidiary Gruyere Holdings, to acquire 100% of mid-tier Australian gold producer Gold Road Resources for roughly US$2.4 billion. Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) is ramping up advocacy for a formal Arctic strategy as it expands operations in Nunavut, where its Hope Bay project is expected to restart production early next year. The company’s Chairman, Sean Boyd, cited geopolitical risks and infrastructure gaps as reasons why Canada must prioritize development in the far north. “It’s pretty clear, based on the US interest in Greenland and the US administration’s comments around Canada and critical metals, that Canada needs to focus more on the opportunity that exists in Canada’s far north and in the communities and in the people that live in the far north,” said Boyd. “We’ve got a really strong pipeline of bigger projects. So our strategy isn’t to pick up smaller things and try to make them better.” Agnico, now the world’s second-largest gold miner by market cap, has seen its stock surge 45% year-to-date by focusing on high-potential domestic assets. Despite speculation, the company is not interested in acquiring smaller mines, saying its growth pipeline is already strong. McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) recently deepened its investment in Inventus Mining by exercising 9.2 million warrants worth C$828,000, boosting its support for the 2025 bulk sampling program at the Pardo gold project. Inventus, which holds the first major paleoplacer gold discovery in North America, is now conducting grade-control drilling to prepare for extraction. The two companies have signed an MOU to potentially process up to 45,000 tons at McEwen’s Stock Mill over the next year. Backed by strong historical grades and a supportive partner, Inventus is working to unlock value from a unique near-surface deposit. “We are extremely pleased by McEwen Mining’s continued support through their participation in the early warrant exercise program,” said Wesley Whymark, Inventus Mining’s president and head of exploration. “This funding will directly support the execution of our 2025 bulk sampling plans. With grade-control drilling now underway, we are taking steps to better define the thickness and gold grade of our bulk sample sites in preparation for extraction and processing.” Article Source: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ CONTACT: Baystreet.ca [email protected] (250) 661-3391 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.