Gold’s Bull Case Strengthens as Miners Advance Projects Across the Globe
Issued on behalf of Lake Victoria Gold Ltd.
VANCOUVER – Baystreet.ca News Commentary – Gold prices dipped briefly in response to the latest US-China trade agreement, but the pullback was short-lived. Within a day, the market regained its footing, signaling that investor confidence in gold's long-term trajectory remains intact. DoubleLine Capital CEO Jeff Gundlach, known as the “Bond King,” believes the rally is far from over, with a bold forecast of $4,000 per ounce still in play. As gold finds support at higher levels, miners and developers are starting to close the gap between share price and metal value, despite inflationary cost pressures. Several names have issued updates that stand out in the current environment, including Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), G2 Goldfields Inc. (TSX: GTWO) (OTCQX: GUYGF), Aris Mining Corp. (NYSE-American: ARMN) (TSX: ARIS), NOVAGOLD Resources Inc. (NYSE-American: NG) (TSX: NG), and Barrick Mining Corporation (NYSE: GOLD, B) (TSX: ABX).
JPMorgan recently sparked headlines with a striking projection: if just 0.5% of U.S.-held foreign reserves moved into gold, the metal could reach $6,000 per ounce by 2029. Meanwhile, U.S. jewelry retailers are seeing a surge in gold buying, suggesting that Main Street is beginning to mirror Wall Street’s bullish stance.
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), a junior gold developer focused on East Africa, is making steady progress on its near-term development plans in Tanzania. The company has brought in Nesch Mintech Tanzania, a third-party auditor, to support the upcoming commissioning of Nyati Resources’ gold processing plant, anticipated to begin in June. This move follows a non-binding Letter of Intent between LVG and Nyati, exploring the potential for a small-scale development partnership. Nesch will evaluate the plant’s operational readiness, review projected recovery rates, and identify areas for optimization as Nyati prepares to activate a second processing circuit.
"Engaging Nesch Mintech at this stage ensures we bring third-party rigour and transparency to the commissioning process, which is fundamental to assessing the Nyati opportunity," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We are excited by the potential to leverage existing processing infrastructure and local ore sources to create a scalable gold production platform in Tanzania.”
Under the proposed partnership, LVG would send mineralized material from its 100%-owned Mining Licences to be processed at Nyati’s existing 120 tpd plant and a new 500 tpd facility now nearing completion. This expansion would establish the foundation for a centralized gold processing hub under the proposed joint venture between LVG and Nyati.
“This audit is an important milestone as we advance this most compelling near-term gold development opportunity,” said Simon Benstead, Executive Director of Lake Victoria Gold. “By combining strategic processing infrastructure with high-potential development targets, the proposed joint venture has the potential to unlock meaningful value for all stakeholders. We look forward to working closely with Nesch Mintech to validate the plant’s performance and move confidently toward execution.”
While this concept remains at an early stage and is not supported by a current mineral resource estimate or Feasibility Study, any potential small-scale development is speculative and subject to key risks, including grade continuity, metallurgy, permitting, and financing. That said, the initiative offers Lake Victoria Gold (LVG) an opportunity to test its geological model directly in the field. If successful, this low-capex approach could generate early cash flow and support ongoing exploration.The LOI with Nyati follows LVG’s previous disclosure that it was evaluating small-scale development at its Tembo Project, located beside Barrick’s high-grade Bulyanhulu Mine.
Tembo has already seen more than US$28 million in exploration and over 50,000 metres of drilling. Key targets—such as Ngula 1, Nyakagwe Village, and Nyakagwe East—remain open along strike and at depth, highlighting the project's strong upside potential.
“Tembo has always stood out as a project with the potential to deliver both near-term value and long-term discovery upside,” said Benstead. “Evaluating this small-scale development opportunity allows us to test the system, generate operational insights, and potentially self-fund ongoing exploration.”
LVG continues to align capital and strategic partnerships as it moves closer to construction. While Tembo offers long-term exploration upside, LVG’s Imwelo Project (acquired earlier this year) currently stands as its most advanced asset, backed by a 2021 pre-feasibility study and full permitting. Located near AngloGold Ashanti’s (NYSE: AU) Geita Mine, Imwelo is well positioned for streamlined development.
To support this, the company signed a non-binding gold prepay term sheet with Monetary Metals in late 2024. The deal offers upfront capital in exchange for a share of future gold production at a discount—providing non-dilutive financing aligned with the project’s production schedule. The term sheet outlines access to the value of up to 7,000 ounces of gold, earmarked for construction and development.
In February 2025, LVG also secured a C$3.52 million investment tranche from Taifa Group at C$0.22 per share, which was part of a larger C$11.52 million three-tranche financing. As part of the deal, former Taifa CEO Richard Reynolds joined the company’s board.
Additional upside remains through a US$45 million milestone-based agreement with Barrick tied to future success at Tembo. With commissioning audits underway, a potential joint venture in due diligence, and a growing financial runway, Lake Victoria Gold is steadily positioning itself as a leading junior developer in East Africa.
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:
G2 Goldfields Inc. (TSX: GTWO) (OTCQX: GUYGF) recently intersected multiple high-grade gold zones from recent drilling at the Peters Mine district in Guyana, including 5 g/t Au over 16.5 meters and 12.5 g/t Au over 3 meters. These results confirm significant near-surface mineralization between historical workings and validate new targets in the Herolds Hill area.
“The Peters Mine and greater Puruni district have been among Guyana’s most prolific goldfields for over a century,” said Dan Noone, CEO of G2. “Despite its storied history, the area remains remarkably unexplored, and our initial results demonstrate the considerable potential of the region.”
G2 is now planning a larger drill program to expand exploration across the broader Puruni district.
Aris Mining Corp. (NYSE-American: ARMN) (TSX: ARIS) delivered a strong Q1 2025, with adjusted earnings of $27.2 million or $0.16 per share, the highest since the company's formation in 2022. Gold production increased 8 percent year-over-year to 54,763 ounces, while adjusted EBITDA more than doubled to $66.6 million.
“At Segovia, we maintained production and high margins while advancing the plant expansion, which remains on track for commissioning in June,” said Neil Woodyer, CEO of Aris. “At Marmato, we are making steady progress on the Lower Mine development, with construction spend ramping up and plant capacity now targeting 5,000 tonnes per day. At our Toroparu Project in Guyana, we have launched a new study to update the development plan, and we look forward to demonstrating the potential of this project."
In a landmark $1 billion transaction, NOVAGOLD Resources Inc. (NYSE-American: NG) (TSX: NG) and Paulson Advisers are acquiring Barrick Mining Corporation’s (NYSE: Gold, B) (TSX: ABX) 50% stake in the Donlin Gold project, making NOVAGOLD a 60% owner and Paulson a new 40% partner.
The deal signals a renewed commitment to advancing one of North America’s largest undeveloped gold resources, with 39 million ounces of gold at grades twice the industry average. Both firms will jointly manage Donlin and are launching an updated feasibility study, with 2025 exploration focused on expanding reserves and updating technical designs. Located in Alaska with strong community support, Donlin is positioned as a generational gold opportunity with long-term development potential.
Barrick itself kicked off 2025 with net earnings per share up 59% and adjusted EPS climbing 84% year-over-year, driven by strong gold and copper production and a realized gold price of $2,898/oz. The company generated $1.2 billion in operating cash flow and $375 million in free cash flow, supporting dividends, $143 million in share buybacks, and a 5% debt reduction. Strategic growth initiatives remain on track across Tier One projects like Pueblo Viejo, Fourmile, Lumwana, and Reko Diq, positioning Barrick for a projected 30% increase in gold-equivalent ounces by decade’s end.
“At Reko Diq and Lumwana, owner teams have been mobilized, long-lead items secured, and Fluor and Hatch appointed as engineering partners, respectively,” said Mark Bristow, President and CEO of Barrick. “These projects will materially grow Barrick’s copper and gold production and support our goal to organically grow our gold-equivalent ounces by 30% by the end of the decade.”
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/
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