Gold's New Reality: Miners Set for Breakout as Metal Holds Above $3,300
Issued on behalf of Lake Victoria Gold Ltd.
VANCOUVER – Baystreet.ca News Commentary – Gold's remarkable resilience continues to impress, with the precious metal trading at $3,367 per ounce after surging more than 30% year-to-date. As J.P. Morgan targets $3,675 by Q4 2025 and $4,000 by mid-2026, market experts believe the current consolidation above $3,300 represents a launching pad for the next leg higher. Most telling is how mining companies continue to generate record profits while their stock valuations remain trapped in a previous era. Among those positioning for the anticipated breakout are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Banyan Gold Corp. (TSXV: BYN) (OTCQB: BYAGF), Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF), Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF), and Dundee Corporation (TSX: DC.A) (OTCPK: DDEJF).
The fundamental disconnect has reached extreme levels, with gold miners earning record profits yet trading at valuations that suggest gold were still at $2,500 per ounce. Recent data shows that while gold has surged 88.6% since October 2023, the VanEck Gold Miners ETF has gained only 110%, representing just 1.2x leverage instead of the historical 2x to 3x amplification factor. This performance gap suggests substantial catch-up potential as professional investors increasingly recognize that current mining stock prices fail to reflect the new high-price reality for gold.
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) continues to build momentum toward production as Tanzania's National Environment Management Council approved the Updated Environmental and Social Management Plan for its fully permitted Imwelo Gold Project. This environmental clearance eliminates a significant development obstacle and validates the project's compliance with regulatory standards, allowing LVG to advance under its existing 10-year renewable mining license.
The regulatory milestone aligns with advancing preparations at Nyati Resources' processing facility, located on one of LVG's Tembo licences adjacent to Barrick's massive Bulyanhulu Mine. Site inspections show the facility approaching operational status, with commissioning expected within four to six weeks. The fully licensed 120 tonne-per-day carbon-in-pulp circuit is operational, while construction of a much larger 500+ tpd line nears completion. Total capacity will surpass 600 tpd, featuring dual regrind mills, extended leach circuits, and grid power with backup generation.
"Approval of the updated ESMP is a significant milestone for Imwelo, reinforcing that the project is environmentally sound and socially responsible," said Marc Cernovitch, President & CEO of Lake Victoria Gold. "Combined with the foundation provided by the 2021 Updated Pre-Feasibility Study, Imwelo represents a rare opportunity for near-term gold production in Tanzania with modest capital requirements, strong expansion potential, and the potential to generate cash flow that will support our broader growth strategy across the Lake Victoria Goldfield."
The environmental approval strengthens LVG's two-pronged development approach. At Imwelo, situated just 12 km from AngloGold Ashanti's Geita mine, the company targets first gold within 12 months of construction start. Area C stands out as the priority development zone with 3.7 g/t average gold grades, representing one of the highest-grade areas in the historical resource. A planed strategic 7,750m drill program combines 3,750m of grade control drilling for mine planning with 4,000m targeting mineralized extensions, following intercepts such as 6.8m at 14.6 g/t gold from 33m.
The Nyati processing capability creates immediate opportunities for LVG's Tembo Project, where 3,000m of planned drilling focuses on shallow, high-grade zones suitable for early toll milling. Historic results including 28.57 g/t over 3m from 54m and 17.23 g/t over 4m from 19m demonstrate potential for quick cash generation before full Imwelo development, establishing a phased production approach that reduces development risk.
"With updated environmental approvals now in place, our team is focused on the practical steps to bring Imwelo into production," said Seth Dickinson, Chief Operating Officer of Lake Victoria Gold. "The project benefits from a straightforward mine plan, proven metallurgy, and proximity to existing regional infrastructure. Our upcoming drilling and site works are designed to ensure a smooth transition from planning into construction and, ultimately, first gold within a short development timeline."
Additional upside comes through LVG's potential US$45 million in milestone payments from the 2021 asset sale to Barrick's Bulyanhulu operation. Financial support includes a gold prepay financing facility with Monetary Metals and partnership with Taifa Group, Tanzania's largest mining contractor, providing capital and operational expertise.
With environmental clearance complete, plant commissioning imminent, and drilling programs launching, LVG transitions from exploration potential toward production within one of Africa's premier mining districts.
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:
Banyan Gold Corp. (TSXV: BYN) (OTCQB: BYAGF) has achieved a major milestone by filing its technical report supporting an updated mineral resource estimate that significantly expands its gold inventory at the AurMac Project in Yukon. The company now hosts 2.274 million ounces of gold in indicated resources and 5.453 million ounces in inferred resources across two near-surface deposits.
The project benefits from excellent infrastructure access including an existing transmission line, road access, and strategic location 40 kilometers from Mayo. With multiple upcoming investor conferences planned through November and an established presence in the prolific Mayo Mining District, the company is well-positioned to advance toward development decisions.
Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has strengthened its flagship Santa Fe Mine Project through the strategic acquisition of 27 unpatented mineral claims directly adjacent to its York open pit and gold resource. The expanded land position adds approximately 2.1 square kilometers of strategic mineral rights that will allow for considerable expansion of the York pit during mine planning.
"Lahontan is very excited to acquire the York Claims that are directly adjacent to the York gold mineral resource," said Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder. "The newly acquired claims will allow a considerable layback of the York pit during mine planning and in mineral resource estimation."
With a current mineral resource of 1.5 million ounces gold equivalent in indicated resources and 411,000 ounces in inferred resources, the York claims acquisition positions the company to potentially add substantial resource ounces. The strategic expansion enhances development potential at its Nevada-based project.
Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) has achieved promising results from metallurgical collaboration with Dundee Sustainable Technologies (DST), a subsidiary of Dundee Corporation (TSX: DC.A) (OTCPK: DDEJF), demonstrating significant improvements in concentrate quality from its Beartrack-Arnett Gold Project in Idaho. DST's GlassLock Process testing boosted concentrate gold grade by 31% while reducing arsenic content by 99% with virtually no gold loss.
"DST's Glasslock Process offers Revival Gold the opportunity to produce a direct-to-smelter saleable gold concentrate from a potential second phase underground sulphide operation following the planned open pit heap leach phase at Beartrack-Arnett," said Hugh Agro, Revival Gold President & CEO. "A 3,900-meter exploration drilling program will be initiated later this year as we continue to test and expand Beartrack-Arnett's high-grade underground potential."
The successful metallurgical testing creates a pathway for underground development while the company advances its primary open pit operation.
“One of the key attractions for Dundee Corporation in getting involved with Revival Gold earlier this year was the potential for our subsidiary business, DST, to help unlock additional value from Revival Gold’s high-grade sulphide material,” said Jonathan Goodman, President and CEO, Dundee Corporation. “DST is expected to play a big role in the future of gold processing with GlassLock™ already having been successfully tested on projects in Canada, the United States and Africa and implemented on an industrial–scale to stabilize arsenic-bearing feed materials at Dundee Precious Metal Inc.’s Tsumeb smelter facility in Namibia.”
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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