Issued on behalf of Lake Victoria Gold Ltd.
VANCOUVER – Baystreet.ca News Commentary – After years of lagging behind the metal, gold-mining stocks may finally be gearing up for a major breakout. Following a brief dip last week, analysts are now pointing to what could be a generational mining stock boom. Gold has resumed its climb, bolstered by growing expectations of a Fed rate cut, and projections are surging—some calling for US$3,500 in the next three months, with Fidelity forecasting a potential US$4,000 per ounce by year-end. As bullion prices soar, miners are emerging as the bigger beneficiaries of this modern gold rush. Among those making strategic moves are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Kingfisher Metals Corp. (TSXV: KFR) (OTCQB: KGFMF), New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NGF), Kinross Gold Corporation (NYSE: KGC) (TSX: K), and Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF).
A new report from Research Nester projects the global mining market will grow at a 3.8% CAGR, reaching nearly US$355 billion by 2037. With gold prices climbing and production volumes rising, major producers are already forecasting bumper profits. As gold nears record highs and silver breaks through multi-year resistance, investor attention is shifting toward junior miners—the next logical phase in the unfolding precious metals rally.
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is now entering a critical phase in its transition toward gold production, with commissioning of Nyati Resources’ processing plant expected to begin within the next two to four weeks. The facility—located directly on one of the Tembo licences—features a fully licensed 120 tpd carbon-in-pulp circuit, with a second line under construction to boost capacity beyond 600 tpd. This expansion includes dual regrind mills, extended leach circuits, and a grid-tied power system backed by redundancies.
David Scott, Managing Director Tanzania & Director of Lake Victoria Gold, recently toured the site and highlighted the quality and completeness of the build.
“It was impressive to see the scale and quality of construction firsthand,” said Scott following his visit. “The Nyati team has delivered a well-engineered plant with strong attention to detail across all critical circuits. With commissioning just weeks away, the site is clearly in the final stages of readiness. This facility will play a key role in enabling our development strategy at Tembo and beyond.”
A toll milling agreement is now being finalized to grant LVG exclusive rights to process Tembo mineralized materials through the plant, establishing terms for capital participation and profit sharing. Commissioning stockpiles are already on the ROM pad, with system checks underway—putting the site in the final stages of readiness.
This development directly supports LVG’s upcoming 7,750 m drill campaign at Area C, the most advanced zone at its fully permitted Imwelo Gold Project, located just 12 km from AngloGold Ashanti’s Geita mine. The program includes 3,750 m of infill drilling to support mine planning and 4,000 m of step-outs to test mineralized extensions. Earlier results—such as 6.8 m at 14.6 g/t from 33m gold and 7 m at 3.22 g/t from 27—underscore Area C’s role as the initial mining pit, with optimization work continuing ahead of a construction decision later this year.
“We’ve designed this program to maximize Imwelo’s short-term production readiness while extending the upside case,” said Marc Cernovitch, President and CEO of Lake Victoria Gold. “The drill data will help us finalize early mine scheduling, validate pit design, and potentially unlock high-grade extensions. With Area C now fully defined as our initial production zone, we’re making meaningful progress toward becoming Tanzania’s next gold producer.”
At the same time, Lake Victoria Gold is preparing to drill 3,000m at the Ngula 1 target on the Tembo Project, following up on prior hits including 28.57 g/t over 3 m from 54m and 17.23 g/t over 4 m from 19m. The aim is to define shallow, high-grade material that could feed Nyati’s plant early, while mapping a broader 600m mineralized corridor. If successful, Tembo could generate early cash flow ahead of full-scale development at Imwelo.
Backing this dual-track strategy is exposure to a potential US$45 million in milestone payments from the company’s 2021 asset sale to Barrick’s Bulyanhulu operation. Financial runway is further supported by a gold prepay facility with Monetary Metals and a C$11.52 million strategic investment from Taifa Group.
With construction, exploration, and funding all moving in parallel, Lake Victoria Gold is well on its way to becoming Tanzania’s next gold producer.
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:
Kingfisher Metals Corp. (TSXV: KFR) (OTCQB: KGFMF) is expanding its drill program at the HWY 37 Project in British Columbia’s Golden Triangle, targeting the gold-rich Williams porphyry system. Recent drilling has extended visible bornite and gold mineralization 150m deeper than historical intercepts, with one hole returning 478m of intense potassic alteration.
“So far, the 2025 drill program has matched our expectations of vertically extending porphyry mineralization at Williams as well as providing a much clearer understanding of this highly prospective district,” said Dustin Perry, CEO of Kingfisher Metals. “Our exploration hypothesis indicates vertical continuity of the gold-rich bornite zone, and these holes demonstrate that bornite continues to depth where it was predicted.”
The project’s multiple copper-gold targets remain open at depth, with further exploration underway.
New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NGF) recently released a Preliminary Economic Assessment for its Queensway Project in Newfoundland, highlighting a 10-year mine life with an average annual production of 236,000 ounces of gold.
“We are pleased to deliver the first economic study for Queensway, just months after announcing an initial mineral resource estimate for the Project,” said Keith Boyle, CEO of New Found Gold. “The PEA reinforces our conviction that Queensway can become a low-cost, high-margin, cashflow generating mine. This is a significant step in achieving our goal of building and operating a gold mine in central Newfoundland.”
The study outlined an after-tax NPV of US$1 billion and a 30.2% IRR, based on a US$1,950 gold price. Initial capex was pegged at US$326 million with payback in 2.2 years.
Kinross Gold Corporation (NYSE: KGC) (TSX: K) and Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) recently launched the 2025 drill program at the Williams Brook Gold Project in New Brunswick.
“We’re excited to see the drill turning again at the Lynx Gold Zone with our partner Kinross Gold,” said Marcel Robillard, CEO of Puma Exploration. “We anticipate that our 2025 drilling program will not only demonstrate the quality of the deposit at Lynx but also highlight the potential of the entire 40,000 ha project.”
The program targets up to 5,000m of drilling focused on expanding the Lynx Gold Zone, with Kinross funding and operating the program as part of its earn-in agreement. Previous drilling at Lynx returned multiple high-grade intercepts and surface sampling has identified several new gold-bearing trends.
Puma retains a 100% interest and will be reimbursed for prior exploration expenses, while Kinross may earn up to 70% through staged payments and work commitments. The drill campaign is expected to provide critical data to inform a maiden resource estimate.
Kinross also recently reported strong second-quarter results, producing 556,000 ounces of gold equivalent at all-in sustaining costs of US$1,265/oz. The company generated US$250 million in operating cash flow and returned US$100 million to shareholders through dividends and share buybacks.
“We are excited about our pipeline of high-quality development and exploration projects, all of which progressed well during the quarter,” said J. Paul Rollinson, CEO of Kinross. “We have strong optionality in our substantial resource base and are focused on drilling, technical studies and permitting to advance longer-dated projects into our production profile to extend mine life, with a focus on driving margin growth.”
Development continues at key growth projects, including Manh Choh and Great Bear, positioning Kinross for long-term gold production strength.
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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