⛏ 14.5 m of 16.26 g/t Gold

PLUS: Galiano Expands Production

Greetings Contrarian,

Source: Trading Economics, Numerco.

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and wrap the Christmas’ gifts.

Here are the highlights:

😎 14.5 m of 16.26 g/t Gold

👏 Galiano Expands Production

🤣 Meme Of The Day

😎 14.5 m of 16.26 g/t Gold

Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) announces drill core assay results from the Antino Gold Project in southeastern Suriname.

Highlights:

14.5 m of 16.26 g/t Au from 52.7 m 

11.6 m of 2.59 g/t Au

This is a brand-new gold zone discovery in step-out drilling parallel to the main Froyo Gold Zone. All eyes on this stock today.

👏 Galiano Expands Production

Galiano Gold Inc. (TSX: GAU) (NYSE American: GAU) has entered into a binding share purchase agreement with subsidiaries of Gold Fields Limited to acquire Gold Fields' 45% interest in the Asanko Gold Mine.

Gold Fields will receive $20 million in Galiano Shares, up to $85 million in future cash, and a 1% net smelter return royalty on 447,000 ounces of gold from the Nkran deposit. Additionally, they'll get $65 million in cash upon closing the acquisition, representing its JV cash balance interest.

This consolidation doubles Galiano's gold production, cash flow, and resources. Awesome. The market loves it and the stock is up over 20% on the news.

📰 In Other News:

🤣 Meme Of The Day

Sponsored
Vincent SpotlightAlternative Investing News for the Savvy Investor

How Are We Doing?

Today's mining news was:

Login or Subscribe to participate in polls.

Happy Speculating!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

Join the conversation

or to participate.