Gold Production

Predictive Discovery (PDI) and Robex Resources announced a merger on October 5, 2025, aiming to create a West Africa-focused gold producer. Robex shareholders will receive 8.667 PDI shares per Robex share. The combined company targets >400kozpa Au production by 2029, with Mineral Resources ≈9.5Moz Au and Ore Reserves ≈4.5Moz Au, implying a market cap of ~A$2,350m. The deal, expected to close in December 2025 or early 2026, requires approvals from the court, TSX-V, and Robex shareholders.

Barton Gold has commenced a Definitive Feasibility Study for Stage 1 production at its Challenger Gold Project in South Australia. The project leverages the fully permitted Central Gawler Mill and boasts a JORC Mineral Resource Estimate of 313koz Au, including 194koz Au of high-grade fresh ore. The company plans a two-phase approach involving tailings reprocessing followed by high-grade ore introduction. DFS completion and commissioning are targeted by March and the end of 2026, respectively. However, production isn’t expected until late 2026 and financing is still under discussion.

Vox Royalty Corp. announced an agreement to acquire a global gold portfolio from Deterra Royalties for $57.5 million upfront and $2.5 million in deferred milestones. The portfolio includes ten gold offtake and royalty assets across twelve mines/projects in eight jurisdictions. The acquisition, funded by a share offering and expanded credit facility, is expected to significantly increase revenue per share and expand producing assets. The transaction will increase the company’s exposure to gold production.

Robex Resources (RSRBF) has accelerated the expiry of its 2024 warrants to October 18, 2025, triggered by its share price exceeding C$3.50 for ten consecutive days. If all 57,759,921 outstanding warrants are exercised at C$2.55, Robex anticipates C$147.3 million in proceeds. These funds will support exploration at the Kiniero Gold Project, mine development, and corporate initiatives. First gold pour is expected in December 2025, with commercial production targeted for Q1 2026.

B2Gold (BTG) updated operations across its mines, reaffirming its 2025 gold production guidance of 970,000-1,075,000 ounces. The Goose Mine achieved first gold pour, but crushing plant issues led to reduced 2025 guidance. Otjikoto and Masbate mines are outperforming, increasing their production outlooks. Fekola underground operations commenced, with positive results. The Antelope underground project at Otjikoto was approved with reduced capital costs. Fekola Regional’s exploitation permit is expected soon, projecting 180,000 ounces annually from 2026-2030.

Barton Gold Holdings (BGDFF) is participating in the Beaver Creek Precious Metals Summit. Presentation materials are available on the ASX website and Barton’s investor relations page. Barton, strategically located in South Australia’s Gawler Craton, aims for 150,000ozpa gold production, leveraging its brownfield mines and sole regional gold mill. The company’s JORC Mineral Resources total 2.2Moz Au and 3.1Moz Ag. Projects include Challenger, Tarcoola, Tunkillia, and Wudinna, with Tarcoola featuring high-grade discoveries. Investors can contact Alexander Scanlon or Jade Cook for inquiries.

B2Gold (BTG) reported strong Q2 2025 results, exceeding gold production expectations at 229,454 ounces. Cash operating costs were $745/oz, and a $0.02/share dividend was declared. Key achievements include the first gold pour at Goose Mine, positive Gramalote Project study ($941M NPV), Fekola underground mining approval, and Fekola’s 4 millionth ounce milestone achieved. A working capital deficit of $19M was noted, addressed post-quarter with credit facility drawdowns. 2025 production guidance remains at 970,000-1,075,000 ounces.