Gold Holds Near $4,000 Despite Pullback; Historic 50% Yearly Gain Fuels Mining Momentum November 06, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold trades around $3,965 per ounce as of November 5th, consolidating gains after October's record surge past $4,300 delivered the metal's strongest annual performance in over four decades with year-to-date returns exceeding 50%[1]. While major producers posted stellar Q3 earnings capitalizing on unprecedented pricing strength[2], developers executing construction milestones and commissioning schedules are positioning to capture the sector's transformation, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), TRX Gold Corporation (NYSE-American: TRX) (TSX: TRX), NexGold Mining Corp. (TSXV: NEXG) (OTCQX: NXGCF), G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF), and K92 Mining Inc. (TSX: KNT) (OTCQX: KNTNF). Goldman Sachs analysts project gold reaching $4,900 by December 2026 with potential to exceed $5,000 under favorable monetary conditions[3]. With mining stocks remaining undervalued despite outperforming both physical gold and broader equity indices by triple digits year-to-date, developers transitioning into production are positioned to deliver outsized returns as institutional capital rotates into an overlooked sector trading at compelling valuations relative to sustained elevated commodity prices[4]. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is accelerating momentum at its fully permitted Imwelo Gold Project in Tanzania, announcing the mobilization of a second drill rig to fast-track completion of the pivotal Area C drilling campaign. Following successful completion of the first three holes of the planned 4,000-metre program, the first two have been submitted for assay with results expected in the coming days. The addition of a second multipurpose rig will enable completion of the current program by mid December 2025. "Momentum continues to build at Imwelo," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We've completed three holes with assays pending on the first two, and with a second rig now on site, we're moving quickly to deliver continuous results through November and December as we refine the final pit design and advance toward production readiness." The campaign addresses critical pre-construction objectives including locking in definitive pit design with engineering inputs, upgrading classification of historical gold resources, testing for mineralization beyond mapped zones, developing operational mining schedules, and refining gold recovery optimization. Early visual observations are validating expectations. "Drilling at Area C is progressing well, and we're very encouraged by what we're seeing in the core to date," said Hendrick Mering, Exploration Manager for Lake Victoria Gold. "The first three holes have intersected multiple zones of quartz veining and alteration consistent with our modeled mineralized horizons." The opening hole penetrated deeper than prior drilling, testing Area C mineralization at roughly 120 metres depth on the western edge of the zone. Historical assays from this vicinity include 6.8 metres at 14.6 g/t gold at 32m and 2.0 metres at 7.5 g/t from 22m, confirming production-grade gold potential. The drill acceleration follows LVG reaching a pivotal agreement in principle with the Government of Tanzania on the statutory minimum 16% free carried interest. With environmental approval of the Updated Environmental and Social Management Plan also secured, the regulatory pathway is cleared for construction advancement. Situated just 12 kilometers from AngloGold Ashanti's flagship Geita mine, Imwelo operates under a 10-year renewable mining license with metallurgical recoveries surpassing 90%. Lake Victoria Gold targets first gold production within 12 months of breaking ground. Financial momentum was secured with the closing of an oversubscribed $6 million financing in September, immediately followed by a concurrent $2 million private placement. The combined capital is fueling work programs designed to trigger the pre-paid forward purchase facility with Monetary Metals, targeting non-dilutive construction financing. Beyond Imwelo, the Tembo Project delivers optionality via a planned 3,000m drilling program at Ngula 1, where historical intercepts of 28.57 g/t gold over 3 metres signal immediate toll milling opportunity. The company retains exposure to up to US$45 million in contingent milestone payments from the 2021 asset sale to Barrick's Bulyanhulu operation. With gold recently surpassing $4,300 per ounce for the first time in history, Lake Victoria Gold is mobilizing equipment at a fully permitted project in one of Africa's premier gold districts precisely when high-grade ounces command maximum value. NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below. 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: TRX Gold Corporation (NYSE-American: TRX) (TSX: TRX) is advancing processing plant expansion at its Buckreef Gold Project in Tanzania, with throughput now envisioned to exceed 3,000 tonnes per day through dual processing circuits. The expanded facility will consist of a 3,000+ TPD circuit for sulphide material and a 1,000 TPD circuit for oxide and transition material, expected to produce average annual gold production in excess of the 62,000 ounces originally outlined in the PEA. "The planning and execution of the expanded processing plant is well underway, and it is now envisioned to be larger than anticipated in the PEA, which should lead to higher gold production than was anticipated in the PEA," said Stephen Mullowney, TRX Gold CEO. "Since our first gold pour in 2021, the Buckreef Gold processing plant has completed three expansions, increasing its capacity from 360 TPD to 1,000 TPD and subsequently to 2,000 TPD." The expansion will be rolled out over the next 18-24 months at a capital cost of approximately US$30 million, in line with PEA estimates and financed from internally generated cash flow. The Company continues to pay for these upgrades from operations and available liquidity lines while simultaneously improving overall working capital. NexGold Mining Corp. (TSXV: NEXG) (OTCQX: NXGCF) has achieved a critical permitting milestone with the grant of Fisheries Act Authorizations from Fisheries and Oceans Canada for the Goldboro Gold Project in Nova Scotia. The FAAs represent the final federal authorizations and last major permits required prior to construction and operations, following receipt of the Industrial Approval from the government of Nova Scotia in August 2025. "We are extremely pleased to have received our FAAs for the Goldboro Gold Project," said Kevin Bullock, President and CEO of NexGold. "Having received our Industrial Approval from the government of Nova Scotia in August, the receipt of the FAAs announced today provides NexGold with the last key permits required to advance towards construction and operations." The Company initially applied for the FAAs in August 2023 and received notice in December 2023 that its application was deemed complete. The authorizations outline stringent terms and conditions which allow the Company to construct and operate the Goldboro Gold Project while reaffirming commitment to ongoing engagement with the Mi'kmaq of Nova Scotia. G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has announced a formal construction decision for its 100%-owned Oko West Gold Project in Guyana, with the Board of Directors approving commencement of full construction following completion of permitting and financing milestones. The Project carries an initial capital cost of $973 million, with detailed engineering 36% complete and $334 million already committed, representing 33% of the total initial capital budget. "The official launch of construction at Oko West marks a major milestone in GMIN's evolution into an intermediate gold producer," said Louis-Pierre Gignac, President and CEO of G Mining. "With financing secured, we are advancing this fully permitted, world-class project using the same disciplined, self-perform approach that delivered Tocantinzinho safely, on time and on budget." The Project currently employs a total workforce of 710, with over 80% being Guyanese nationals, and has achieved 596,551 hours worked with only one recordable incident to date. First gold is targeted for the second half of 2027, with early works construction activities advancing on schedule including camp facility expansion, site clearing, and tailings storage facility development. K92 Mining Inc. (TSX: KNT) (OTCQX: KNTNF) has announced first production from its new 1.2 million tonnes per annum Stage 3 Expansion process plant at the Kainantu Gold Mine in Papua New Guinea, producing its first commercial grade gold-copper-silver concentrate with shipments set to commence imminently. During the Official Inauguration Ceremony attended by Prime Minister James Marape, the new process plant produced 458 ounces of doré in a witnessed gold pour. "I am very pleased to announce that the Stage 3 Expansion Process Plant has achieved its inaugural production, a major milestone for our Company, our stakeholders, and the country of Papua New Guinea," said John Lewins, K92 CEO and Director. "This achievement is the result of the tireless efforts and collaboration of our workforce, contractors, and partners." The new Stage 3 Expansion Process Plant remains on track for completion of commissioning in the first half of Q4 and was delivered under budget, representing the largest growth capital item for the Stage 3 Expansion, of which 90% has been spent or committed as of September 30, 2025. The milestone marks an exciting chapter in K92's history as the Company advances towards Tier-1, mid-tier producer status. 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/ Baystreet.ca [email protected] (805) 649-0042 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; Cautionary Note on Production Decision: The Company cautions that it has not completed a feasibility study on the Imwelo Project that establishes mineral reserves demonstrating economic and technical viability. As a result, there is increased uncertainty and a higher risk of economic and technical failure associated with the Company’s production decision. In particular, there is no certainty that the planned low-capex open-pit operation will be economically viable or that planned production will occur as anticipated. Risks include, but are not limited to, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational or permitting risks.; 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. -- SOURCES CITED: 1. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-1-gold-rush-20-a-massive-rally-looms-for-gold-stocks-amidst-global-instability-and-shifting-monetary-policies 2. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-4-gold-miners-ride-record-bullion-prices-to-stellar-q3-earnings 3. https://www.financemagnates.com/trending/this-new-gold-price-prediction-from-goldman-sachs-suggests-precious-metal-can-surge-to-5000/ 4. https://www.mining.com/gold-mining-stocks-remain-underinvested-despite-gains-sprott/
Gold Holds Near $4,000 Despite Pullback; Historic 50% Yearly Gain Fuels Mining Momentum November 06, 2025 - Baystreet.ca Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – Gold trades around $3,965 per ounce as of November 5th, consolidating gains after October's record surge past $4,300 delivered the metal's strongest annual performance in over four decades with year-to-date returns exceeding 50%[1]. While major producers posted stellar Q3 earnings capitalizing on unprecedented pricing strength[2], developers executing construction milestones and commissioning schedules are positioning to capture the sector's transformation, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), TRX Gold Corporation (NYSE-American: TRX) (TSX: TRX), NexGold Mining Corp. (TSXV: NEXG) (OTCQX: NXGCF), G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF), and K92 Mining Inc. (TSX: KNT) (OTCQX: KNTNF). Goldman Sachs analysts project gold reaching $4,900 by December 2026 with potential to exceed $5,000 under favorable monetary conditions[3]. With mining stocks remaining undervalued despite outperforming both physical gold and broader equity indices by triple digits year-to-date, developers transitioning into production are positioned to deliver outsized returns as institutional capital rotates into an overlooked sector trading at compelling valuations relative to sustained elevated commodity prices[4]. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is accelerating momentum at its fully permitted Imwelo Gold Project in Tanzania, announcing the mobilization of a second drill rig to fast-track completion of the pivotal Area C drilling campaign. Following successful completion of the first three holes of the planned 4,000-metre program, the first two have been submitted for assay with results expected in the coming days. The addition of a second multipurpose rig will enable completion of the current program by mid December 2025. "Momentum continues to build at Imwelo," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We've completed three holes with assays pending on the first two, and with a second rig now on site, we're moving quickly to deliver continuous results through November and December as we refine the final pit design and advance toward production readiness." The campaign addresses critical pre-construction objectives including locking in definitive pit design with engineering inputs, upgrading classification of historical gold resources, testing for mineralization beyond mapped zones, developing operational mining schedules, and refining gold recovery optimization. Early visual observations are validating expectations. "Drilling at Area C is progressing well, and we're very encouraged by what we're seeing in the core to date," said Hendrick Mering, Exploration Manager for Lake Victoria Gold. "The first three holes have intersected multiple zones of quartz veining and alteration consistent with our modeled mineralized horizons." The opening hole penetrated deeper than prior drilling, testing Area C mineralization at roughly 120 metres depth on the western edge of the zone. Historical assays from this vicinity include 6.8 metres at 14.6 g/t gold at 32m and 2.0 metres at 7.5 g/t from 22m, confirming production-grade gold potential. The drill acceleration follows LVG reaching a pivotal agreement in principle with the Government of Tanzania on the statutory minimum 16% free carried interest. With environmental approval of the Updated Environmental and Social Management Plan also secured, the regulatory pathway is cleared for construction advancement. Situated just 12 kilometers from AngloGold Ashanti's flagship Geita mine, Imwelo operates under a 10-year renewable mining license with metallurgical recoveries surpassing 90%. Lake Victoria Gold targets first gold production within 12 months of breaking ground. Financial momentum was secured with the closing of an oversubscribed $6 million financing in September, immediately followed by a concurrent $2 million private placement. The combined capital is fueling work programs designed to trigger the pre-paid forward purchase facility with Monetary Metals, targeting non-dilutive construction financing. Beyond Imwelo, the Tembo Project delivers optionality via a planned 3,000m drilling program at Ngula 1, where historical intercepts of 28.57 g/t gold over 3 metres signal immediate toll milling opportunity. The company retains exposure to up to US$45 million in contingent milestone payments from the 2021 asset sale to Barrick's Bulyanhulu operation. With gold recently surpassing $4,300 per ounce for the first time in history, Lake Victoria Gold is mobilizing equipment at a fully permitted project in one of Africa's premier gold districts precisely when high-grade ounces command maximum value. NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below. 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: TRX Gold Corporation (NYSE-American: TRX) (TSX: TRX) is advancing processing plant expansion at its Buckreef Gold Project in Tanzania, with throughput now envisioned to exceed 3,000 tonnes per day through dual processing circuits. The expanded facility will consist of a 3,000+ TPD circuit for sulphide material and a 1,000 TPD circuit for oxide and transition material, expected to produce average annual gold production in excess of the 62,000 ounces originally outlined in the PEA. "The planning and execution of the expanded processing plant is well underway, and it is now envisioned to be larger than anticipated in the PEA, which should lead to higher gold production than was anticipated in the PEA," said Stephen Mullowney, TRX Gold CEO. "Since our first gold pour in 2021, the Buckreef Gold processing plant has completed three expansions, increasing its capacity from 360 TPD to 1,000 TPD and subsequently to 2,000 TPD." The expansion will be rolled out over the next 18-24 months at a capital cost of approximately US$30 million, in line with PEA estimates and financed from internally generated cash flow. The Company continues to pay for these upgrades from operations and available liquidity lines while simultaneously improving overall working capital. NexGold Mining Corp. (TSXV: NEXG) (OTCQX: NXGCF) has achieved a critical permitting milestone with the grant of Fisheries Act Authorizations from Fisheries and Oceans Canada for the Goldboro Gold Project in Nova Scotia. The FAAs represent the final federal authorizations and last major permits required prior to construction and operations, following receipt of the Industrial Approval from the government of Nova Scotia in August 2025. "We are extremely pleased to have received our FAAs for the Goldboro Gold Project," said Kevin Bullock, President and CEO of NexGold. "Having received our Industrial Approval from the government of Nova Scotia in August, the receipt of the FAAs announced today provides NexGold with the last key permits required to advance towards construction and operations." The Company initially applied for the FAAs in August 2023 and received notice in December 2023 that its application was deemed complete. The authorizations outline stringent terms and conditions which allow the Company to construct and operate the Goldboro Gold Project while reaffirming commitment to ongoing engagement with the Mi'kmaq of Nova Scotia. G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has announced a formal construction decision for its 100%-owned Oko West Gold Project in Guyana, with the Board of Directors approving commencement of full construction following completion of permitting and financing milestones. The Project carries an initial capital cost of $973 million, with detailed engineering 36% complete and $334 million already committed, representing 33% of the total initial capital budget. "The official launch of construction at Oko West marks a major milestone in GMIN's evolution into an intermediate gold producer," said Louis-Pierre Gignac, President and CEO of G Mining. "With financing secured, we are advancing this fully permitted, world-class project using the same disciplined, self-perform approach that delivered Tocantinzinho safely, on time and on budget." The Project currently employs a total workforce of 710, with over 80% being Guyanese nationals, and has achieved 596,551 hours worked with only one recordable incident to date. First gold is targeted for the second half of 2027, with early works construction activities advancing on schedule including camp facility expansion, site clearing, and tailings storage facility development. K92 Mining Inc. (TSX: KNT) (OTCQX: KNTNF) has announced first production from its new 1.2 million tonnes per annum Stage 3 Expansion process plant at the Kainantu Gold Mine in Papua New Guinea, producing its first commercial grade gold-copper-silver concentrate with shipments set to commence imminently. During the Official Inauguration Ceremony attended by Prime Minister James Marape, the new process plant produced 458 ounces of doré in a witnessed gold pour. "I am very pleased to announce that the Stage 3 Expansion Process Plant has achieved its inaugural production, a major milestone for our Company, our stakeholders, and the country of Papua New Guinea," said John Lewins, K92 CEO and Director. "This achievement is the result of the tireless efforts and collaboration of our workforce, contractors, and partners." The new Stage 3 Expansion Process Plant remains on track for completion of commissioning in the first half of Q4 and was delivered under budget, representing the largest growth capital item for the Stage 3 Expansion, of which 90% has been spent or committed as of September 30, 2025. The milestone marks an exciting chapter in K92's history as the Company advances towards Tier-1, mid-tier producer status. 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/ Baystreet.ca [email protected] (805) 649-0042 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; Cautionary Note on Production Decision: The Company cautions that it has not completed a feasibility study on the Imwelo Project that establishes mineral reserves demonstrating economic and technical viability. As a result, there is increased uncertainty and a higher risk of economic and technical failure associated with the Company’s production decision. In particular, there is no certainty that the planned low-capex open-pit operation will be economically viable or that planned production will occur as anticipated. Risks include, but are not limited to, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational or permitting risks.; 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. -- SOURCES CITED: 1. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-1-gold-rush-20-a-massive-rally-looms-for-gold-stocks-amidst-global-instability-and-shifting-monetary-policies 2. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-4-gold-miners-ride-record-bullion-prices-to-stellar-q3-earnings 3. https://www.financemagnates.com/trending/this-new-gold-price-prediction-from-goldman-sachs-suggests-precious-metal-can-surge-to-5000/ 4. https://www.mining.com/gold-mining-stocks-remain-underinvested-despite-gains-sprott/