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TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, May 14, 2025 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report on recent activities and results that underscore the potential for new discoveries, particularly with a focus on gold, at the San Pietro Copper-Gold-Iron oxide-Cobalt Project ("IOCG"), Chile ("San Pietro" or the "Project"). This includes the first sampling results from two exciting new targets (Noemi and Lolita Norte) and the addition of new concession package (Cerro Sur) with highly prospective gold-copper results from historic drilling (see Figure 1).

Golden Arrow Resources Corporation logo (CNW Group/Golden Arrow Resources Corporation)

The Noemi target (Figure 2) demonstrates the hallmarks of IOCG deposits like the Rincones & Colla deposits, 7km to the southeast along a structural trend, including,
- High magnetic anomalies coincident with specularite, quartz, carbonate and copper oxides in potassic-altered breccias and veins up to 3 metres wide with multiple anomalous rock chip samples including 1.4 m averaging 3.41% Cu and 0.26 g/t Au.
Prominent north-south breccia veins offer large gold targets at both Noemi and Lolita Norte:
- 800 metres of strike returned 4 significant gold-copper values in rock chip channel samples, such as 3.0 m averaging 4.19 g/t Au and 2.08 % Cu at the Florencia structure, Noemi target.
- A similar structure at Lolita Norte target (Figure 3) is believed to be the continuation of an historically mined vein system; new sampling confirmed gold and copper along 1.9km of strike.
The newly acquired 1,500-hectare Cerro Sur concession package expands the discovery potential at San Pietro. There is diamond-drilled core remaining on site from historic targets, and summary assay results for over 4,600m of drilling for gold and copper that include:
- Intercepts from 0.1 g/t Au to as high as 27.9 g/t Au, with a best reported interval of 6 metres averaging 4 g/t Au
- Single intercepts from 0.1% Cu to as much as 62 metres averaging 0.25% Cu.

Brian McEwen, Golden Arrow VP Exploration and Development stated, "Results from our 2024 exploration program continue to demonstrate that San Pietro has a huge amount of remaining discovery potential. The results from Noemi and Lolita Norte are very promising, and the amount of gold is particularly encouraging. The Cerro Sur acquisition adds a big opportunity as there has been a lot of work done by some major companies in the past and our preliminary review of the information supports the potential for more gold and copper discoveries. We are continuing our systematic exploration in these areas and throughout the more than 50% of the property that remains untested. We are refining targets for a Phase 3 drill program which will be designed to expand resources at our Rincones and Colla deposits and identify new deposits at San Pietro."

Additional detailed mapping and sampling is on-going at Noemi and Lolita Norte to delineate targets for future drilling. At Cerro Sur, the Company plans to relog and retest any viable remaining drill core to create a modern database for the area. Additional field work is also being planned.

Exploration Program Details

In 2024 the Golden Arrow team continued surface exploration throughout the large San Pietro property, concurrent with the resource delineation drilling program at the Rincones and Colla targets. The first detailed geological mapping was completed in the south and southwestern parts of San Pietro as well as a 1500-hectare ground magnetics survey and the new Noemi and Lolita Norte target areas were delineated (see Figure 1 project map including Figure 2 and 3 detail map locations).

Noemi

Noemi covers an area of approximately 2 by 3 kilometres located approximately 7 kilometers south of the Rincones resource area. The main geological units mapped are fine andesites, tuffs and volcaniclastic rocks intruded by a microdiorite, and in some areas there is gravel cover. There is an early stage of alteration of scapolite-actinolite-magnetite crosscut by NW to N-S trending shear zones. These zones include breccias and veins up to 3 metres wide, with specularite, quartz, carbonate and copper oxides and a potassic feldspar-chlorite-epidote alteration. These structures are anomalous in gold and copper with values in rock chip channel samples of up to 1.4 m with 3.41% Cu and 0.26 g/t Au (see Figure 2). Several of these areas are coincident with strong magnetic anomalies. The coincidence of the appropriate lithologies with good alteration, copper-gold structures and high magnetic anomalies indicates potential for new IOCG deposit discoveries similar to the Rincones deposit.

Also of particular interest within the Noemi target is a prominent north-south breccia vein of quartz-tourmaline-specularite-carbonate-jarosite. This structure ("Florencia") outcrops in 2 sections (north and south). In the south section the vein has a width of 1 to 3 metres but reaches up to 8 metres with the adjacent veinlets. Four rock chip channel samples collected across the structure, along 800 metres of strike, returned significant gold-copper values such as 3.0 m with 4.19 g/t Au and 2.08% Cu (Figure 2).

Lolita Norte

Three kilometres west of the Noemi the team identified a second high-priority target, called Lolita Norte.

A similar structure to Florencia was identified and mapped for more than 1.9 kilometres with the possibility that it continues to the north under the gravel cover. It is believed to be the northern extension of the Lolita-Madura gold vein system which was exploited as part of a private underground gold mining operation in the 1980´s, the remains of which are situated approximately 2.5 kilometres to the south, off the San Pietro concessions. [Proximity to a mineral resource, deposit, or mine does not indicate that mineralization will occur on Golden Arrow's property, and if mineralization does occur, that it will occur in sufficient quantity or grade that would result in an economic extraction scenario.]

The mineralization at Lolita Norte is similar to Florencia with gold and copper in a quartz-tourmaline-carbonate vein and breccia structure with a width of 1 to 8 metres. In this case the host rock is granodiorite that is part of the Sierra Mercedita Pluton. The team completed the first stage of reconnaissance of this target, collecting 61 rock chip samples from the veins and old small miner workings (Figure 3). Well-mineralized samples occurred throughout the entire length of the structure, and in some cases the host granite carried similar mineralization to the veins. For instance, rock chip samples from an "underground breccia" (taken from old workings approximately 15 m deep) included a vein sample assayed at 0.75 m averaging 0.35 g/t Au with sampling of the adjacent granite returning 1.5 m averaging 0.20 g/t Au and 1.0 m averaging 0.64 g/t Au.

Cerro Sur Acquisition

Cerro Sur is comprised of 1,500 hectares of mining exploration concessions adjacent to the western border of the San Pietro Project (Figure 1). The Cerro Sur concessions recently became publicly available and Golden Arrow's Chilean subsidiary, New Golden Explorations Inc. ("NGE"), secured a 100% interest via the Chilean government application process. Verbal accounts suggest that as much as 10,000 metres of drilling has been completed at the project in the past. The third-party historic summary report currently available (the "Summary") provides information from several exploration programs prior to 2018 with work completed by major companies that included geological mapping, surface sampling, trenching and geophysical surveys (magnetometry and TEM) and testing for copper and gold by diamond drilling of 4,695 metres in 17 holes. Golden Arrow's Qualified Person has not verified the information in the Summary and no details on methodology or QA/QC were included, therefore this information is considered "anecdotal" at this stage and only indicative of the potential of the project. Drill core from the project is available and an initial review indicates that it is mostly intact, although it has not been confirmed that it all, and only, coincides with the holes reported in the Summary. NGE plans to relog, resample and re-assay the core as much as possible to validate the historic data and create a robust database.

The Cerro Sur project is located within the Atacama Fault System ("AFS"). The north-south lying AFS includes a wide zone of deformation that controls the mineralization and alteration at San Pietro and other nearby IOCG deposits. This includes the Mantoverde IOCG deposit and mine complex which is located less than 10km to the southwest of Cerro Sur, and is one of several deposit models used for exploration at San Pietro (see NI 43-101 Technical Report filed on SEDAR+). The Summary for Cerro Sur suggests that the underlying volcanic basement rocks are the Jurassic aged La Negra Formation, which is the same group at least partly assigned to the rocks that underly at Manto Verde. Locally these are overlain by granitic rocks from the Upper Cretaceous aged Sierra Merceditas Pluton, which is also mapped at the Lolita target area (see above). Along a six kilometre north-south section of the Merceditas Fault and its related structures (a subsidiary of the AFS), several veins and stockworks with gold and copper have been identified. The copper is associated with shear zones containing magnetite that can be associated with an IOCG model, while the gold mineralization might be related to an epithermal episode associated with the intrusive.

The Summary indicates that five targets were tested by diamond drilling of across several of the steeply dipping mineralized structures. Twelve holes reported anomalous copper and/or gold intervals. Anomalous intervals occurred from 0 to as much as 335 metres downhole and many holes reported multiple intervals. For copper, notable intervals ranged from single (1 metre or less) intercepts of >0.1% Cu to as much as 62 metres averaging 0.25% Cu. For gold, notable single intercepts ranged from 0.1 g/t Au to as high as 27.9 g/t Au, with the longest reported interval of 6 metres averaging 4 g/t Au.

Methodology & QA/QC

Rock chip samples at Noemi and Lolita Norte targets were collected by the NGE technical team. Samples were shipped to ALS Laboratory in Copiapo, Chile by a contract truck service. Sample preparation and gold analysis by Fire Assay and reading by atomic absorption on 30 gm sample by method Au-AA23 was completed at the ALS facility in Santiago de Chile. Multi-element package by ICP-OES reading following a four-acid digestion by method ME-ICP61 was performed at ALS facilities in Lima, Peru. Samples with over limits in copper (+ 10,000 ppm) were re-assayed by ore grade method Cu-OG62 that includes four acid digestion and ICP-OES reading. The Company follows industry standard procedures for the work carried out on the San Pietro Project, with a quality assurance/quality control ("QA/QC") program. Blank and standard samples were inserted in each batch of samples sent to the laboratory for analysis. Golden Arrow detected no significant QA/QC issues with material effect on the data.

Qualified Persons

The exploration programs are designed by the Company's geological staff and results are reviewed, verified (including sampling, analytical and test data) and compiled under the supervision of Brian McEwen, P.Geol., VP Exploration and Development to the Company. Mr. McEwen is a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the contents of the news release.

About the San Pietro Project

The San Pietro Project targets the discovery of multiple copper-gold-iron oxide ("IOCG") plus cobalt deposits on over 21,000 hectares located approximately 100 kilometres north of Copiapó in the Atacama Region of Chile. To date, Golden Arrow has completed an initial Mineral Resource Estimate for the Rincones and Colla deposits that includes 2,470 Mlbs of contained Cu and 770,000 oz contained Au (492 Mt with an average grade of 0.23% Cu, 0.05 g/t Au, 99 g/t Co and 14.43% Fe; NI 43-101 Technical Report filed on SEDAR+).

Situated between and adjacent to Capstone Copper's Manto Verde Mine property and Santo Domingo Project, San Pietro is in the centre of a new copper-iron-cobalt district within an active, well-developed mining region that is home to all the major IOCG deposits in Chile.

Golden Arrow operates San Pietro through its 75%-owned Chilean subsidiary, New Golden Explorations Inc. ("NGE").

About Golden Arrow:

Golden Arrow is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.

Golden Arrow is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-cobalt project in Chile, and a portfolio that includes nearly 125,000 hectares of prospective properties in Argentina.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso" _______________________________

Mr. Joseph Grosso, Executive Chairman, President and CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the terms of the Amending Agreement, the exercise of the Amended Option and the timing thereof, the TSXV's approval of the Transaction; the gross proceeds under the Private Placement, the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with obtaining necessary regulatory approvals (including the TSXV's approval); risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

Cision

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SOURCE Golden Arrow Resources Corporation

Halifax, Nova Scotia–(Newsfile Corp. – May 7, 2025) – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") announces the financial results for the quarter ending March 31, 2025, with Parral generating revenue of $17.6 million (all amounts are in U.S. dollars) from the sale of 555,511 silver equivalent ounces.

"Parral continued to generate significant cash flow for the Company during the quarter, providing operating cash flow of $5 million which is exceeding our spending at Los Ricos and corporate costs, and increased our cash balance by $2 million at quarter end," said Brad Langille, President and CEO. "With our bought deal financing completed in April, this gives us an approximately $135 million cash balance today putting us in a very strong financial position to execute on Los Ricos South."

Highlights for the quarter ending March 31, 2025:

Cash of $78.3 million USD, an increase of $2.0 million during the quarter
Cash flow from operations of $5.1 million
Revenue of $17.6 million on the sale of 555,511 silver equivalent ounces at an average realized price per ounce of $31.70
Production of 555,479 silver equivalent ounces, consisting of 210,289 silver ounces, 3,279 gold ounces, 155 copper tonnes, 160 zinc tonnes
Cash cost per silver equivalent ounce of $17.85
All in sustaining cost per silver equivalent ounce of $22.98

Following are tables showing summarized financial information and key performance indicators:

Summarized Consolidated Financial Information	Three months ended Mar 31					Six months ended Mar 31
(in thousands USD, except per share amounts)		2025		2024			2025		2024
Revenue	$	17,602	$	8,940		$	36,700	$	15,739
Cost of sales, including depreciation		11,067		6,517			24,585		12,584
Operating income (loss)		3,780		(123	)		7,449		(1,732	)
Net income		3,357		1,268			3,220		1,463
Basic net income per share		0.010		0.004			0.010		0.005
Cash flow provided by (used in) operations		5,145		(4,637	)		13,012		(7,665	)

Key Performance Indicators1		Three months ended Mar 31				Six months ended Mar 31
(in thousands USD, except per ounce amounts)		2025		2024		2025		2024
Total tonnes stacked		377,516		423,977		792,677		797,861
Silver equivalent ounces sold		555,511		374,140		1,181,483		679,227
Realized silver price	$	31.70	$	23.90	$	31.06	$	23.17
Adjusted AISC per silver equivalent ounce2	$	22.98	$	24.20	$	22.70	$	24.40
Adjusted Cash cost per silver equivalent ounce2	$	17.85	$	17.29	$	18.64	$	17.08

1Key performance indicators are unaudited non-GAAP measures, see reconciliation in MD&A.2Gold, copper and zinc are converted using average market prices.

This news release should be read in conjunction with the interim condensed consolidated financial statements for the quarter ended March 31, 2025, notes to the financial statements, and management's discussion and analysis for the quarter ended March 31, 2025, which have been filed on SEDAR+ and are available on the Company's website.

Technical information contained in this news release with respect to GoGold has been reviewed and approved by Mr. Bob Harris, P.Eng., who is a qualified person for the purposes of NI 43-101.

About GoGold ResourcesGoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information, visit gogoldresources.com.

For further information, please contact:

Steve Low, Corporate DevelopmentGoGold Resources Inc. T: 416 855 0435

Email: steve@gogoldresources.comOr visit: www.gogoldresources.com

CAUTIONARY STATEMENT:The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings project, the Los Ricos project, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with the GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

Cautionary Non-GAAP Measures and Additional GAAP Measures Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies.

Additional GAAP measures that are presented on the face of the Company's consolidated statements of comprehensive income include "Operating income (loss)". These measures are intended to provide an indication of the Company's mine and operating performance. Per ounce measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. "Adjusted cash costs per ounce" and "Adjusted all-in sustaining costs per ounce" are used in this analysis and are non-GAAP terms typically used by mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, "Adjusted cash costs per ounce" reflects the cash operating costs allocated from in-process and dore inventory associated with ounces of silver and gold sold in the period. "Adjusted cash costs per ounce" may vary from one period to another due to operating efficiencies, grade of material processed and silver/gold recovery rates in the period. "Adjusted all-in sustaining costs per ounce" include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. For a reconciliation of non-GAAP and GAAP measures, please refer to the Management Discussion and Analysis dated May 6, 2025 for the period ended March 31, 2025, as presented on SEDAR+.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251054

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Avino Silver & Gold Mines

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TSX:ASM Financial Position Analysis as at Apr 2025GoGold Resources

Simply Wall St Financial Health Rating: ★★★★★★

Overview: GoGold Resources Inc. is involved in the exploration, development, and production of silver, gold, and copper mainly in Mexico with a market cap of CA$579.20 million.

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Market Cap: CA$579.2M

GoGold Resources Inc. has recently become profitable, with its short-term assets of $110.3 million comfortably covering both short and long-term liabilities, while maintaining a debt-free status. The company completed a CAD 75 million equity offering to support its Los Ricos South Project in Mexico, which boasts an after-tax NPV of USD 355 million and an IRR of 28% based on recent feasibility studies. Despite low return on equity at 0.4%, GoGold’s seasoned management team is steering the company towards projected earnings growth of over 40% annually, leveraging strong asset positioning and strategic project developments.

TSX:GGD Revenue & Expenses Breakdown as at Apr 2025Probe Gold

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:ASM TSX:GGD and TSX:PRB.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Halifax, Nova Scotia–(Newsfile Corp. – April 9, 2025) – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to report production for the quarter ending March 31, 2025 of 555,479 silver equivalent ounces, consisting of 210,289 silver ounces, 3,279 gold ounces, 117 tonnes of copper, and 157 tonnes of zinc.

"Parral has delivered strong stable quarterly production, with expected similar cash flows from the operation as the previous quarter. This cash flow generated from Parral allows us to fund additional exploration at Los Ricos South as we await our anticipated mining permit," said Brad Langille, President and CEO. "The recently completed equity financing, together with the robust Parral cash flow, not only strengthens our balance sheet for the upcoming mine build at Los Ricos South, but also allows us flexibility to advance Los Ricos North and explore around our mine reserves as we approach the execution phase at Los Ricos South. We believe this plan will ultimately generate the most value creation for the company."

Figure 1: Quarterly Production SummaryTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1683/247855_1.jpg

Table 1: Quarterly Production Summary

Quarter Ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Silver Production (oz)	109,016	138,657	138,708	167,001	226,343	210,289
Gold Production (oz)	1,848	2,184	2,436	2,232	3,213	3,279
Copper Production (tonnes)	95	93	148	132	121	117
Zinc Production (tonnes)	–	92	125	100	161	157
Silver Equivalent Production (oz)1	300,260	375,745	400,236	406,150	551,337	555,479

"Silver equivalent production" include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented were: Dec 2023 – 85, Mar 2024 – 93, Jun 2024 – 86, Sep 2024 – 88, Dec 2024 – 90, Mar 2025 – 90. The copper:silver ratios were: Dec 2023 – 356, Mar 2024 – 365, Jun 2024 – 346, Sep 2024 – 320, Dec 2024 – 299, Mar 2025 – 318. The zinc:silver ratios were: Mar 2024 – 104, Jun 2024 – 98, Sep 2024 – 94, Dec 2024 – 97, Mar 2025 – 89.

Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release related to Parral.

For further information please contact:

Steve Low, Corporate DevelopmentGoGold Resources Inc.T: 416 855 0435

Email: steve@gogoldresources.comOr visit: www.gogoldresources.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247855

GoGold Resources Inc.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, INWHOLE OR IN PART, IN OR INTO THE UNITED STATES.

HALIFAX, Nova Scotia, March 19, 2025 (GLOBE NEWSWIRE) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets (collectively the “Underwriters”), under which the Underwriters have agreed to buy on bought deal basis 41,210,000 common shares (the “Common Shares”), at a price of C$1.82 per Common Share for gross proceeds of approximately C$75 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about April 4, 2025 and is subject to GoGold receiving all necessary regulatory approvals.

The net proceeds of the offering will be used for the development of the Company’s Los Ricos South project, for exploration activities at both Los Ricos South and North projects, and for general corporate purposes.

The Common Shares will be offered by way of a short form prospectus in all of the provinces of Canada, other than Quebec, and may also be offered by way of private placement in the United States. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Email : steve@gogoldresources.comOr visit : www.gogoldresources.com

CAUTIONARY STATEMENT CAUTIONARY STATEMENT: The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold’s securities in the United States. This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings project, the Los Ricos project, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information. Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with GoGold’s projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

As we move through the early months of the year, Canadian markets are navigating a complex landscape marked by persistent inflation and solid corporate earnings. Amid these crosscurrents, investors are increasingly looking for opportunities that balance potential growth with financial stability. While penny stocks might seem like a term from another era, they continue to offer intriguing possibilities, particularly when these smaller or newer companies demonstrate strong fundamentals. In this article, we explore three such penny stocks on the TSX that could provide promising prospects for those seeking to uncover hidden value in today’s market conditions.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Alvopetro Energy (TSXV:ALV)	CA$4.875	CA$176.94M	★★★★★★
Findev (TSXV:FDI)	CA$0.52	CA$14.9M	★★★★★★
Mandalay Resources (TSX:MND)	CA$4.75	CA$442.31M	★★★★★★
PetroTal (TSX:TAL)	CA$0.70	CA$638.07M	★★★★★★
NamSys (TSXV:CTZ)	CA$1.19	CA$30.36M	★★★★★★
East West Petroleum (TSXV:EW)	CA$0.04	CA$4.07M	★★★★★★
Orezone Gold (TSX:ORE)	CA$0.90	CA$416.12M	★★★★★☆
New Gold (TSX:NGD)	CA$4.28	CA$3.26B	★★★★★☆
Foraco International (TSX:FAR)	CA$2.03	CA$196.4M	★★★★★☆
DIRTT Environmental Solutions (TSX:DRT)	CA$1.15	CA$222.42M	★★★★☆☆

Click here to see the full list of 933 stocks from our TSX Penny Stocks screener.

Let’s review some notable picks from our screened stocks.

Inflection Resources

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Inflection Resources Ltd. is involved in the exploration and evaluation of mineral properties in New South Wales and Queensland, Australia, with a market cap of CA$24.27 million.

Operations: Inflection Resources Ltd. currently does not report any revenue segments.

Market Cap: CA$24.27M

Inflection Resources Ltd., with a market cap of CA$24.27 million, is pre-revenue and currently unprofitable, reporting a net loss of CA$2.9 million for the year ended September 30, 2024. Despite having no debt and short-term assets covering liabilities, it faces auditor concerns about its ability to continue as a going concern due to less than one year of cash runway. Recent drilling updates from projects in New South Wales indicate promising mineralization potential in collaboration with AngloGold Ashanti but highlight the company’s high share price volatility and financial instability challenges.

CNSX:AUCU Debt to Equity History and Analysis as at Feb 2025GoGold Resources

Simply Wall St Financial Health Rating: ★★★★★★

Overview: GoGold Resources Inc. is involved in the exploration, development, and production of silver, gold, and copper mainly in Mexico with a market cap of CA$526.25 million.

Operations: The company generates revenue from its Metals & Mining segment, specifically focusing on gold and other precious metals, amounting to $48.80 million.

Market Cap: CA$526.25M

GoGold Resources, with a market cap of CA$526.25 million, has transitioned to profitability over the past year in the metals and mining sector. The company reported first-quarter sales of US$19.1 million, up from US$6.8 million a year ago, though it posted a slight net loss of US$0.136 million for the quarter due to large one-off items impacting financial results. With no debt and strong short-term assets exceeding liabilities, GoGold’s recent feasibility study at its Los Ricos South Project suggests potential growth in underground mining operations, supported by experienced management and board appointments enhancing strategic direction.

TSX:GGD Debt to Equity History and Analysis as at Feb 2025Orogen Royalties

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Orogen Royalties Inc. is a mineral exploration company active in Canada, the United States, Mexico, Argentina, and Kenya with a market cap of CA$308.52 million.

Operations: The company generates revenue primarily from its mineral exploration activities, amounting to CA$7.33 million.

Market Cap: CA$308.52M

Orogen Royalties, with a market cap of CA$308.52 million, has experienced financial fluctuations recently, reporting a net loss of CA$0.36 million for Q3 2024 compared to a profit the previous year. Despite this, the company benefits from its debt-free status and strong short-term assets exceeding liabilities. Recent developments include significant expansion at its Navidad gold-silver target in Mexico, where Orogen holds a cash-flowing 2% NSR royalty. The company’s management and board are seasoned with average tenures over three years, though profitability challenges persist amid large one-off losses impacting earnings stability.

TSXV:OGN Financial Position Analysis as at Feb 2025Key Takeaways

Explore the 933 names from our TSX Penny Stocks screener here.
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Companies discussed in this article include CNSX:AUCU TSX:GGD and TSXV:OGN.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

GoGold Resources Inc.'s (TSE:GGD) robust earnings report didn't manage to move the market for its stock. Our analysis suggests that shareholders have noticed something concerning in the numbers.

View our latest analysis for GoGold Resources

TSX:GGD Earnings and Revenue History February 20th 2025How Do Unusual Items Influence Profit?

To properly understand GoGold Resources' profit results, we need to consider the US$2.7m gain attributed to unusual items. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. Which is hardly surprising, given the name. We can see that GoGold Resources' positive unusual items were quite significant relative to its profit in the year to December 2024. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.

That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.

Our Take On GoGold Resources' Profit Performance

As we discussed above, we think the significant positive unusual item makes GoGold Resources' earnings a poor guide to its underlying profitability. For this reason, we think that GoGold Resources' statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. On the bright side, the company showed enough improvement to book a profit this year, after losing money last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. While conducting our analysis, we found that GoGold Resources has 1 warning sign and it would be unwise to ignore it.

This note has only looked at a single factor that sheds light on the nature of GoGold Resources' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

VANCOUVER, BC, Jan. 31, 2025 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

The number of issued and outstanding shares of the Company has increased by 93,674,455 to 867,777,426 common shares with voting rights as of January 31, 2025. The increase in the number of issued and outstanding shares from January 1, 2025 to date is the result of shares issued in connection with the Filo Corp. acquisition (see press release dated January 15, 2025 entitled "Lundin Mining Completes Joint Acquisition of Filo with BHP and 50% Sale of Josemaria to Form Vicuña Corp."), and the exercise of employee stock options or the vesting of employee share units, offset by any share buy backs completed under the normal course issuer bid.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. In December 2024 the Company announced the sale of its European assets to Boliden. The transaction is expected to close in mid-2025 subject to customary conditions and regulatory approvals.

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on January 31, 2025 at 14:30 Pacific Time.

Lundin Mining Announces Updated Share Capital and Voting Rights (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

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TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, Jan. 29, 2025 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report results from the final two holes of the Phase 2 drill program at the San Pietro Copper-Gold-Iron-Cobalt Project in Chile ("San Pietro" or the "Project"). These two holes (SP-DDH-39 and SP-DDH-40) together with two of the previously reported holes from the program (SP-DDH-29 and SP-DDH-38) confirm a broad extension of the Rincones target up to 400 metres to the south (see Figure 1). Each of the four holes has now reported intervals of between 180 and 310 metres that average over 0.2% Cu and 0.03 g/t Au as well as significant cobalt and iron. This southern Rincones area is expected to have significant positive impact on the Mineral Resource Estimate ("MRE") that is currently underway. Furthermore, the area remains sparsely drilled and open for expansion, particularly towards the Colla target located approximately 600 metres further to the south-southeast.

Golden Arrow Resources Corporation logo (CNW Group/Golden Arrow Resources Corporation)

Results of the final two holes are highlighted by:

180m averaging 0.21% Cu, 0.07 g/t Au, 95 g/t Co and 12.9% Fe starting at 276.73m depth in hole SP-DDH-39, in an undrilled area 280m south of SP-DDH-38 and 220m along trend from SP-DDH-29
Pervasive mineralization from 75 m depth to nearly the end of the hole at 541 metres in SP-DDH-40, including 224 m averaging 0.20% Cu, 0.03 g/t Au, 63 g/t Co and 11.6% Fe starting at 317.05 metres
- Geologic modelling indicates continuity of mineralization of this hole with SP-DDH-38 and earlier holes along section (see Figure 2).

Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "Phase 2 drilling has definitely finished on a high note. We are going into our first resource estimate knowing that the infill program we designed has successfully confirmed what we had expected after our preliminary work: stronger mineralization and better continuity than many previous interpretations. We believe this will translate into an MRE that shows our investors and stakeholders that we have again discovered a substantial deposit with strong upside and value-creation potential. Phase 2 might be done but we can't wait to get back out into the field to keep drilling and building Rincones, potentially all the way to Colla, as well as continuing to make new discoveries at our many targets throughout the massive project area, including some exciting prospects that were newly identified in 2024."

The Phase 2 drill program was executed in 2024, including an additional 24 holes, or 8292 metres of drilling on the Rincones advanced exploration target and 2 holes with a total of 607 metres drilled at the early-stage Colla target. Mineralization at the project is hosted in magnetite-rich mantos that are highly magnetic, as well as structurally-related specularite breccias and veins. In late 2024 the Company completed a new detailed ground magnetic survey over the Rincones and Colla targets to further delineate the targets and prioritize areas for the next phase of drill testing. In addition, since 2023 company geologists have been engaged in detailed geologic mapping throughout the nearly 20,000 hectares of concessions, work which had not been undertaken by previous operators. The 2024 mapping and surface sampling program in the southern project area identified new prospective targets, including Noemi and Lolita N (Figure 1), and a ground magnetics survey covering 1500 hectares was completed late in the year. Data from the surveys is still being processed.

Table 1. Summary of New Intervals, Phase 2 Drilling[Cu Grade >0.20% or Co Grade >200 g/t or Au Grade >0.2 g/t or Fe Grade >30%]

Hole		From (m)	To (m)	Interval (m)	Cu (%)	Au (g/t)	Co (g/t)	Fe (%)
Rincones Target
SP-DDH-39		200.00	202.30	2.30	0.35	0.05	77	10.9
		231.00	236.00	5.00	0.14	0.13	335	4.0
		276.73	456.85	180.12	0.21	0.07	95	12.9
	includes	323.70	337.55	13.85	0.31	0.04	98	17.5
	&	371.00	456.85	85.85	0.28	0.11	106	13.8
	includes	451.72	456.85	5.13	0.90	0.52	431	15.2
SP-DDH-40		49.00	53.32	4.32	0.02	0.04	294	15.7
		75.00	149.03	74.03	0.20	0.04	119	14.7
		279.00	283.54	4.54	0.30	0.03	156	28.1
		317.05	541.22	224.17	0.20	0.03	63	11.6
	includes	329.00	341.00	12.00	0.49	0.05	106	14.3
	&	381.87	386.67	4.80	2.15	0.30	167	33.8
	&	473.00	477.10	4.10	1.13	0.06	128	21.1
Note: Intervals are downhole length. See hole descriptions in text for additional details.

Drill Hole Details

The San Pietro Project hosts multiple targets with strong Iron oxide-Copper-Gold and Cobalt mineralization (see Figure 1). This mineralization is typically found within a pile of fine to porphyritic andesites that exhibit widespread potassic feldspar alteration. The mineralization is often associated with areas where a superimposed quartz-scapolite alteration is more intense and there is a development of brecciation with specularite and massive replacement of magnetite.

SP-DDH-39 was collared 220 metres to the northwest of, and drilled parallel to, SP-DDH-29 which intersected 310.85m averaging 0.19% Cu, 0.06 g/t Au, 127 g/t Co and 12.2% Fe starting at 186.4m depth, as reported on October 31, 2024. The new hole tested for mineralization along the general northwest structural trend from SP-DDH-29 corresponding to a set of subparallel specularite breccias trending from east-west to northwest. The first 322 metres of the hole were dominated by a porphyritic andesite, which is less permeable to the development of fracturing and the entry of mineralized solutions. From 322 metres to the end of hole at 509 metres, the SP-DDH-39 shows a package of fine porphyritic andesites. These host a series of veinlets and crackle breccias with chalcopyrite-pyrite and specularite including a higher-grade structure at 452 metres with a halo of disseminated magnetite. In addition, near the contact between the porphyritic and fine andesites at 276 to 322 metres depth several mineralized structures were developed.

SP-DDH-40 filled in the area between the main Rincones target area and the step-out hole SP-DDH-38 (155 metres southwest) which recently reported 283 metres averaging 0.23% Cu, 0.04 g/t Au, 101 g/t Co and 15.5% Fe from 83 metres depth (see January 21, 2025 news release). From 130 metres to the end of the hole at 548 metres, the fine porphyritic andesite hosts a series of zones with veinlets and crackle breccias filled with chalcopyrite-pyrite. Additionally in this hole there are a series of sub horizontal magnetite replacement mantos of 5 to 8 metres wide with >30% of total iron, and in some cases with high Cu-Au mineralization, as demonstrated in the 4.80 metres interval with 2.15% Cu, 0.3 g/t Au and 33.8% Fe starting at 381.87 metres deep. The cross-section in Figure 2 demonstrates the modeled units and continuity with SP-DDH-38, as well as neighbouring holes SP-DDH-11 and SP-DDH-05 (reported on July 12, 2023).

Table 2. Drill Hole Collar Information[PSAD 56 / UTM Zone 19 S]

Hole

Easting

Northing

Elevation (m)

Azimuth

(˚)

Final Depth (m)

SP-DDH-39

390572

7071002

1003

-60

509

SP-DDH-40

390653

7071424

997

-60

548

Methodology & QA/QC

This drilling campaign was completed by Sociedad de Servicios Andinos SpA of Copiapó, Chile, using diamond drill producing HQ-sized core. The Golden Arrow field team, supervised by senior geologists, photographed and logged the entire length of core for each drillhole, as well as measured it for recovery and marked it for sampling. Pieces of whole core approximately 10 to 15 cm long were selected and measured for specific gravity on average every 20 metres and targeting all different lithologies. Subsequently, the core was cut in half with an electric saw. One half was labelled, bagged and sent for analysis and the other half retained onsite. After completing the sampling of each hole, the samples were shipped to ALS Laboratory in Copiapo, Chile by a contract truck service. Sample preparation and gold analysis by Fire Assay and reading by atomic absorption on 30 gm sample by method Au-AA23 was completed at the ALS facility in Santiago de Chile. Multi-element package by ICP-OES reading following a four-acid digestion by method ME-ICP61 was performed at ALS facilities in Lima, Peru. Samples with over limits in copper (+ 10,000 ppm) were re-assayed by ore grade method Cu-OG62 that includes four acid digestion and ICP-OES reading. The Company follows industry standard procedures for the work carried out on the San Pietro Project, with a quality assurance/quality control ("QA/QC") program. Blank and standard samples were inserted in each batch of samples sent to the laboratory for analysis. Golden Arrow detected no significant QA/QC issues with material effect on the data. The trajectory of all the holes drilled at San Pietro during this Phase 2 were measured using the gyroscope equipment "Champ Navigator" that assures no interference from the magnetite in the ground. Additionally, all the core was orientated using the "Champ Ori" core orientator to measure the azimuth and dip of structures.

About the San Pietro IOCG Project

The San Pietro Project covers approximately 20,000 hectares, 100 kilometres north of Copiapo. Situated between and adjacent to Capstone Copper's Manto Verde Mine property and Santo Domingo Project, San Pietro is in the centre of a potential new copper-iron-cobalt district within an active, well-developed mining region that is home to all the major iron oxide-copper-gold ("IOCG") deposits in Chile.

The Project is hosted by andesite units in a Cretaceous-aged volcano-sedimentary sequence associated with intrusive rocks including granodiorites and diorites of similar age. The Project is located east of the Atacama Fault system, a major north-south regional structure, which was instrumental in controlling the emplacement of the ore deposits in the area.

Mineralization at San Pietro is typical of an IOCG system, with the addition of cobalt, and occurs in mantos, breccias and veins within a zone of alteration characterized by an association of actinolite, epidote, chlorite and scapolite. The mantos are replacement of andesite by magnetite and sulphides, with a roughly southeast strike and a gentle dip to the SW. Breccias and veins crosscut the mantos, are often subvertical, and filled with specularite and sulphides.

Qualified Persons

About Golden Arrow:

Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso"

_______________________________

Mr. Joseph Grosso, Executive Chairman, President and CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments management of the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with exploration activities; the possibility that future exploration. There may be other factors that cause results or events to not be as anticipated. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's Management's Discussion and Analysis for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

Cision

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SOURCE Golden Arrow Resources Corporation

As the Canadian market navigates a landscape of fluctuating bond yields and evolving interest rate expectations, investors are keenly observing how these factors might influence stock valuations. Penny stocks, though often considered a niche investment category, continue to offer intriguing opportunities for growth, particularly within smaller or newer companies. By focusing on those with strong financial health and potential for long-term growth, investors can uncover promising prospects in this often overlooked segment of the market.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Silvercorp Metals (TSX:SVM)	CA$4.53	CA$976.85M	★★★★★★
Mandalay Resources (TSX:MND)	CA$4.14	CA$401.93M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.43	CA$122.01M	★★★★★★
Findev (TSXV:FDI)	CA$0.50	CA$14.32M	★★★★★★
PetroTal (TSX:TAL)	CA$0.73	CA$651.02M	★★★★★★
Foraco International (TSX:FAR)	CA$2.33	CA$222.46M	★★★★★☆
NamSys (TSXV:CTZ)	CA$1.11	CA$32.24M	★★★★★★
East West Petroleum (TSXV:EW)	CA$0.035	CA$3.62M	★★★★★★
Hemisphere Energy (TSXV:HME)	CA$1.85	CA$179.61M	★★★★★☆
Tornado Infrastructure Equipment (TSXV:TGH)	CA$1.00	CA$137.56M	★★★★★☆

Click here to see the full list of 936 stocks from our TSX Penny Stocks screener.

Let’s review some notable picks from our screened stocks.

GoGold Resources

Simply Wall St Financial Health Rating: ★★★★★★

Overview: GoGold Resources Inc. focuses on the exploration, development, and production of silver, gold, and copper primarily in Mexico with a market cap of CA$467.93 million.

Operations: The company generates revenue from its Metals & Mining segment, specifically in Gold & Other Precious Metals, amounting to $36.50 million.

Market Cap: CA$467.93M

GoGold Resources has shown a significant turnaround, becoming profitable with net income of US$1.58 million for the year ended September 2024, up from a loss the previous year. The company reported sales of US$36.5 million and maintains a strong balance sheet with short-term assets exceeding both short- and long-term liabilities. A recent feasibility study for its Los Ricos South Project suggests potential operational advancements, enhancing its mining capabilities in Mexico. Despite low return on equity at 0.6% and earnings impacted by one-off gains, GoGold remains debt-free with experienced management steering growth prospects forward.

TSX:GGD Debt to Equity History and Analysis as at Jan 2025McCoy Global

Simply Wall St Financial Health Rating: ★★★★★★

Overview: McCoy Global Inc. provides equipment and technologies for tubular running operations to enhance wellbore integrity and data collection in the energy industry, with a market cap of CA$73.39 million.

Operations: The Energy Products & Services segment generated CA$71.99 million in revenue.

Market Cap: CA$73.39M

McCoy Global Inc. operates without debt, enhancing its financial stability in the penny stock space. Despite a decline in quarterly sales to CA$15.84 million and net income to CA$0.516 million, the company remains profitable with high-quality earnings and a stable balance sheet, as short-term assets cover both short- and long-term liabilities. The management team’s experience supports operational consistency, although recent profit margins have decreased from 16.3% to 10.1%. McCoy trades below estimated fair value and has forecasted revenue growth of 9.03% annually, but its dividend sustainability remains questionable given limited free cash flow coverage.

TSX:MCB Debt to Equity History and Analysis as at Jan 2025Tree Island Steel

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally, with a market cap of CA$77.79 million.

Operations: The company’s revenue is primarily derived from its Steel Wire Products Industry segment, which generated CA$208.93 million.

Market Cap: CA$77.79M

Tree Island Steel Ltd. operates in the steel wire products industry with a market cap of CA$77.79 million, facing challenges due to its current unprofitability and negative return on equity of -2.07%. Despite this, the company maintains financial stability with no debt and short-term assets exceeding both short- and long-term liabilities. Recent strategic moves include a share repurchase program and consistent dividend payouts, although dividends are not well-covered by earnings or free cash flow. The board’s average tenure of 15.6 years suggests seasoned oversight amidst ongoing efforts to reduce losses over time by 10.3% annually over the past five years.

TSX:TSL Financial Position Analysis as at Jan 2025Summing It All Up

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TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, Jan. 21, 2025 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report the latest results from the San Pietro Project in Chile, where drilling of the southern extension of the Rincones target returned the best copper interval to date: 283 metres averaging 0.23% Cu, 0.04 g/t Au, 101 g/t Co and 15.5% Fe from 83 metres depth in SP-DDH-38. This includes two intervals with notably higher grades of copper (75 metres averaging 0.33% Cu and 11.55 metres averaging 0.51% Cu) and a 9.35 metre interval averaging 0.74% Cu, 0.43 g/t Au, 254 g/t Co and 38.6% Fe.

Golden Arrow Resources Corporation logo (CNW Group/Golden Arrow Resources Corporation)

SP-DDH-29 was the first hole to test for a southern extension of the Rincones target. It stepped out nearly 400 metres from previously drill-defined mineralization and intersected 310.85 m averaging 0.19% Cu, 0.06 g/t Au, 127 g/t Co and 12.2% Fe starting at 186.4m depth, as reported on October 31, 2024. Excited by these results and the potential to continue to expand Rincones to the south towards the Colla target, the team designated the final three holes of the Phase 2 drill program to further test the area and provide data that could potentially be included in the upcoming Mineral Resource Estimate ("MRE"). As seen in Figure 1, this new hole SP-DDH-38 was collared approximately 250 metres south of the main Rincones target area, in the untested area centered 420 metres northwest of SP-DDH-29. New drill hole SP-DDH-39 was drilled another 250 metres south from SP-DDH-38, and along the NW-SE trend of mineralization intersected in hole 29. SP-DDH-40 was drilled to infill between SP-DDH-38 and the main Rincones mineralization (Figure 2). Final assays for holes -39 and -40 are the last results pending from the program.

Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "Hole 38 is helping define the so far sparsely-tested and yet significant southern extension that adds to the central area of thick continuous mineralization at Rincones. Phase 2 has now drilled nine holes with intervals of more than 100 metres of significant copper, including the two that are over 280 metres, and four that grade over 0.4% copper, and we still have two high-potential holes left to report. The Company remains on-track to complete our first MRE for the project in the coming weeks and I strongly believe it will just be scratching the surface of what this project has to offer."

Two additional holes reported here returned intervals with over 100 metres of mineralization. SP-DDH-37 was an infill hole in the centre of Rincones, and returned 130 metres averaging 0.23% Cu, 0.05 g/t Au, 69g/t Co and 13.4% Fe from 250 m depth, including 15.30 metres averaging 0.96% Cu, 0.31 g/t Au, 179 g/t Co and 28.5% Fe. Mineralization at the western side of the target was also expanded, where hole SP-DDH-35 stepped out 135 metres and intercepted 102 metres averaging 0.25% Cu, 0.04 g/t Au, 185 g/t Co and 14.7% Fe from 186 metres depth in hole SP-DDH-35, including 10.30 metres averaging 0.51% Cu, 0.05 g/t Au,137 g/t Co and 13.4% Fe.

The new holes reported in Table 1 are part of the now-complete Phase 2 diamond drilling campaign at the San Pietro Iron Oxide-Copper-Gold-Cobalt ("IOCG") Project in Chile ("San Pietro" or the "Project") announced on April 24, 2024. Final assays from the last two holes are pending.

Table 1. Summary of New Intervals, Phase 2 Drilling[Cu Grade >0.20% or Co Grade >200 g/t or Au Grade >0.2 g/t or Fe Grade >30%]

Hole		From (m)	To (m)	Interval(m)	Cu (%)	Au (g/t)	Co (g/t)	Fe (%)
Rincones Target
		138.00	141.85	3.85	0.38	0.22	154	11.6
		186.00	288.00	102.00	0.25	0.04	185	14.7
SP-DDH-35	includes	230.00	240.30	10.30	0.51	0.05	137	13.4
		317.83	336.65	18.82	0.06	0.03	202	13.6
SP-DDH-36		6.00	12.00	6.00	0.17	0.06	221	23.3
		54.00	74.00	20.00	0.20	0.02	57	8.3
		128.00	134.00	6.00	0.45	0.07	602	23.5
SP-DDH-37		23.00	57.00	34.00	0.55	0.24	163	51.0
		127.00	139.00	12.00	0.23	0.02	40	11.5
		146.50	150.00	3.50	0.25	0.03	33	15.4
		250.00	380.00	130.00	0.23	0.05	69	13.4
	includes	250.00	265.30	15.30	0.96	0.31	179	28.5
SP-DDH-38		83.00	366.00	283.00	0.23	0.04	101	15.5
	includes	110.65	120.00	9.35	0.74	0.43	254	38.6
	& includes	138.00	149.55	11.55	0.51	0.05	80	12.5
	& includes	280.00	355.00	75.00	0.33	0.05	183	21.5
Note: Intervals are downhole length. See hole descriptions in text for additional details.

San Pietro Phase 2 Drill Program Details

In 2023, the Company completed a Phase 1 drill program of approximately 4000 metres of diamond drilling in 13 holes to add to the database of ~34,000 metres of historic drilling at San Pietro. Strongly mineralized intervals were intercepted at all targets tested as reported in company news releases on June 13, June 27 and July 12, 2023.

The Company focused this Phase 2 drill program mainly on the Rincones advanced exploration target with the goal of completing an initial Mineral Resource Estimate. In addition, 2 holes (SP-DDH-25 and SP-DDH-34) with a total of 607 metres were drilled at the nearby Colla target.

SP-DDH-35 stepped out 135 metres west of historic reverse circulation ("RC") hole RARC-015, which included a 142-metre interval averaging 0.32% Cu, 92 g/t Co, 0.05 g/t Au and 10.5% Fe starting at 54 metres downhole (azimuth 0˚ & dip -65˚). A similar long, well-mineralized interval in SP-DDH-35 (see Table 1) was hosted in a series of subvertical crackle breccias and veinlets plus several 1-to-3-metre-wide, east-west trending subvertical breccias filled with specularite-chalcopyrite-pyrite. These structures were also intercepted in the holes east and west of SP-DDH-35.

SP-DDH-36 was drilled in the north-central part of Rincones where it intercepted east-west trending crackle breccias with specularite-chalcopyrite-pyrite, dipping 70° to 89° the north. Mineralization was modest, similar to an adjacent historic RC hole.

SP-DDH-37 tested a gap in the central part of Rincones approximately 145 metres southeast of SP-DDH-12, which returned the best overall interval of the Phase 1 program: 64.2 m averaging 0.86% Cu, 0.20 g/t Au, 196 g/t Co and 25.9% Fe starting at 42.8 metres depth (see News Release from July 12, 2023). A second interval of 75.0 metres averaging 0.23% Cu, 0.03 g/t Au and 67 g/t Co starting at 243 metres depth was also reported. SP-DDH-37 successfully identified similar mineralized zones in the gap tested. Immediately below 23 metres of gravels, SP-DDH-37 started with a series of magnetite replacement mantos striking northwest and dipping 66° to the southwest. These hosted copper and iron oxides in veinlets in a fine porphyritic andesite, with a 34 metre interval averaging 0.55% Cu, 0.24 g/t Au, 163 g/t Co and 51% Fe. These mantos correlate with those intercepted in hole SP-DDH-12. Starting at 250 metres depth, SP-DDH-37 intercepted another series of magnetite mantos, 3 to 5 metres wide, with veinlets and disseminations of chalcopyrite and pyrite plus zones of breccias filled with specularite and chalcopyrite. This lower zone returned a long (130 metres) well-mineralized interval, including over 15 metres with nearly a percent copper and 0.3 g/t Au as well as significant cobalt and iron (see Table 1).

SP-DDH-38 expanded the southern extension of the Rincones mineralization, as first identified in hole SP-DDH-29 that returned 310.85 metres averaging 0.19% Cu, 0.06 g/t Au, 127 g/t Co and 12.2% Fe starting at 186.4 metres depth (see News Release dated October 31, 2024). Mineralization was pervasive throughout nearly 300 metres of downhole depth, (see Table 1) hosted in porphyritic andesites with crackle breccias. In the first half of the 283-metre reported interval, the crackle breccias are filled with magnetite-chalcopyrite-pyrite and in the second half with specularite-chalcopyrite-pyrite. Additionally, 3 magnetite mantos were intercepted downhole. These were approximately 10 metres in width with east-west strike, dipping to the south and hosted disseminated and fracture-controlled chalcopyrite-pyrite mineralization.

Table 2. Drill Hole Collar Information[PSAD 56 / UTM Zone 19 S]

Hole	Easting	Northing	Elevation (m)	Azimuth (˚)	Dip (˚)	Final Depth (m)
SP-DDH-35	390561	7071720	1003	20	-60	368
SP-DDH-36	391283	7071902	940	0	-60	200
SP-DDH-37	391036	7071653	952	20	-60	389
SP-DDH-38	390598	7071282	1000	20	-60	374

Methodology & QA/QC

About the San Pietro IOCG Project

Qualified Persons

About Golden Arrow:

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso"

_______________________________Mr. Joseph Grosso, Executive Chairman, President and CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with exploration activities; the possibility that future exploration. There may be other factors that cause results or events to not be as anticipated. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's Management's Discussion and Analysis for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Cision

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SOURCE Golden Arrow Resources Corporation

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, GoGold Resources (TSE:GGD) looks quite promising in regards to its trends of return on capital.

Understanding Return On Capital Employed (ROCE)

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on GoGold Resources is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.011 = US$3.2m ÷ (US$312m – US$15m) (Based on the trailing twelve months to September 2024).

So, GoGold Resources has an ROCE of 1.1%. Even though it's in line with the industry average of 1.4%, it's still a low return by itself.

Check out our latest analysis for GoGold Resources

TSX:GGD Return on Capital Employed January 20th 2025

In the above chart we have measured GoGold Resources' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for GoGold Resources .

What Does the ROCE Trend For GoGold Resources Tell Us?

The fact that GoGold Resources is now generating some pre-tax profits from its prior investments is very encouraging. Shareholders would no doubt be pleased with this because the business was loss-making five years ago but is is now generating 1.1% on its capital. In addition to that, GoGold Resources is employing 288% more capital than previously which is expected of a company that's trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.

In Conclusion…

To the delight of most shareholders, GoGold Resources has now broken into profitability. Since the stock has returned a solid 70% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.

GoGold Resources does have some risks though, and we've spotted 1 warning sign for GoGold Resources that you might be interested in.

While GoGold Resources may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.

Has closed the non-brokered private placement offering as announced on November 12, 2024 and increased on December 2, 2024, through the issuance of 5,000,000 units at a subscription price of $0.05 per unit in this 3rd and final tranche for aggregate gross proceeds to the Company of $250,000. In total, the Company has closed on 15,650,000 Units for aggregate gross proceeds of $782,500. Golden Arrow Resources Corporation shares V.GRG are trading down $0.01 at $0.05.

Read:

/NOT FOR DISTRIBUTION TO THE UNITED STATES/

TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

www.goldenarrowresources.com • info@goldenarrowresources.com

VANCOUVER, BC, Dec. 24, 2024 /CNW/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce it has closed the non-brokered private placement offering (the "Offering") as announced on November 12, 2024 and increased on December 2, 2024, through the issuance of 5,000,000 units at a subscription price of $0.05 per unit (a "Unit" or "Units") in this 3rd and final tranche (the "Final Tranche") for aggregate gross proceeds to the Company of $250,000. In total, the Company has closed on 15,650,000 Units for aggregate gross proceeds of $782,500.

Golden Arrow Resources Corporation logo (CNW Group/Golden Arrow Resources Corporation)

Each Unit consists of one common share and one warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.08 per share for three years from the date of issue, expiring on December 24, 2027 for this Final Tranche.

In total, finder's fees of $22,750 are payable in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 455,000 non-transferable finder's warrants are issuable (the "Finder's Warrants"). Each Finder's Warrant entitles a finder to purchase one common share at a price of $0.05 per share for three years from the date of issue, expiring on December 24, 2027 for this Final Tranche.

No insiders participated in this Final Tranche.

The Company's flagship San Pietro IOCG Project in Chile is funded to support a resource delineation program through the recently announced option agreement (see News Release dated January 12, 2024). The proceeds of this Offering will provide funds for general working capital.

This Offering is subject to regulatory approval and all securities to be issued pursuant to the Offering are subject to a four-month hold period under applicable Canadian securities laws expiring on April 24, 2025 for this Final Tranche.

About Golden Arrow:

The 100%-held San Pietro Project covers nearly 18,500 hectares, approximately 100 kilometres north of Copiapo in the centre of a potential new copper-cobalt region within an active mining district that is home to all the major iron oxide-copper-gold ("IOCG") deposits in Chile. San Pietro hosts multiple targets with strong IOCG+cobalt mineralization, and the Company is working to delineate its first mineral resource for the project in 2025.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso"

_______________________________Mr. Joseph Grosso, Executive Chairman, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

SOURCE Golden Arrow Resources Corporation

Cision

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The Canadian market has experienced a pullback recently, with the TSX index losing ground amid political uncertainty and profit-taking. Despite this volatility, the underlying economic fundamentals remain strong, creating opportunities for investors willing to explore diverse options. Penny stocks, often associated with smaller or newer companies, continue to offer potential value by combining affordability with growth prospects; here we explore three such stocks that stand out for their financial strength.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Findev (TSXV:FDI)	CA$0.445	CA$14.04M	★★★★★★
Mandalay Resources (TSX:MND)	CA$4.14	CA$389.72M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.24	CA$115M	★★★★★★
Silvercorp Metals (TSX:SVM)	CA$4.32	CA$942.04M	★★★★★★
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East West Petroleum (TSXV:EW)	CA$0.04	CA$3.62M	★★★★★★
NamSys (TSXV:CTZ)	CA$1.25	CA$33.58M	★★★★★★
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Enterprise Group (TSX:E)	CA$1.85	CA$112.03M	★★★★☆☆

Click here to see the full list of 956 stocks from our TSX Penny Stocks screener.

Let’s dive into some prime choices out of the screener.

GoGold Resources

Simply Wall St Financial Health Rating: ★★★★★★

Overview: GoGold Resources Inc. is involved in the exploration, development, and production of silver, gold, and copper mainly in Mexico with a market cap of CA$362.48 million.

Operations: The company’s revenue segment primarily comprises Metals & Mining – Gold & Other Precious Metals, generating $36.50 million.

Market Cap: CA$362.48M

GoGold Resources has demonstrated a turnaround by becoming profitable in the past year, with net income of US$1.58 million for the full year ending September 30, 2024, compared to a net loss previously. The company reported sales of US$36.5 million and produced over 1.48 million silver equivalent ounces during this period. Despite having no debt and adequate short-term assets to cover liabilities, its return on equity remains low at 0.6%. The management team is experienced with an average tenure of nearly nine years, while shareholders have not faced significant dilution recently.

TSX:GGD Financial Position Analysis as at Dec 2024Loncor Gold

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Loncor Gold Inc. is a gold exploration company focused on acquiring, exploring, and developing precious metal projects in the Ngayu greenstone belt of the Democratic Republic of the Congo and Canada, with a market cap of CA$77.31 million.

Operations: Loncor Gold Inc. does not have reported revenue segments as it is primarily engaged in gold exploration activities.

Market Cap: CA$77.31M

Loncor Gold Inc., a pre-revenue gold exploration company, is actively advancing its projects in the Ngayu greenstone belt. Despite being unprofitable with increasing losses over the past five years, Loncor remains debt-free and has stable short-term assets exceeding liabilities. The management and board are highly experienced, with average tenures of 14.8 and 16 years respectively. Recent developments include a significant drilling program at Adumbi, targeting deeper mineralization beyond existing resources of over 3 million ounces of gold. However, the company faces financial constraints with less than a year’s cash runway under current expenditure trends.

TSX:LN Financial Position Analysis as at Dec 2024Ynvisible Interactive

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Ynvisible Interactive Inc. develops and sells electrochromic displays in Europe and North America, with a market cap of CA$15.56 million.

Operations: Currently, there are no specific revenue segments reported for this company.

Market Cap: CA$15.56M

Ynvisible Interactive Inc., a pre-revenue company with a market cap of CA$15.56 million, is gaining attention through strategic partnerships and technological advancements in the e-paper display sector. Recent collaborations include integrating its displays into security systems and transit information solutions, highlighting potential for scalable revenue growth as initial orders are placed for testing. Despite being unprofitable with increasing losses over five years, Ynvisible remains debt-free and has adequate short-term assets covering liabilities. The management team is seasoned, contributing to the company’s innovative approach in expanding its presence in Europe and North America through new distribution agreements.

TSXV:YNV Debt to Equity History and Analysis as at Dec 2024Key Takeaways

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Companies discussed in this article include TSX:GGD TSX:LN and TSXV:YNV.

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Shares Outstanding: 329,527,261 Trading Symbols: TSX: GGD OTCQX: GLGDF

HALIFAX, NS, Dec. 12, 2024 /PRNewswire/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") announces the financial results for the year ending September 30, 2024, with Parral revenue increasing by 20%, generating $37 million (all amounts are in U.S. dollars) from the sale of 1.4 million silver equivalent ounces.

GoGold – Silver & Gold (CNW Group/GoGold Resources Inc.)

"The SART Zinc circuit addition which we completed in the year has performed well. Not only has the circuit given us a saleable zinc precipitate, but also removing zinc from the solution has increased the leachability of the gold and silver. This has significantly increased the production and profitability at Parral, which we are seeing in our current December quarter," said Brad Langille, President and CEO. "Looking forward to 2025, we are confident we will have our permit for Los Ricos South and be in a position to make a positive construction decision moving towards production of the Company's second operating mine."

Highlights for the year ending September 30, 2024:

Cash of $72.0 million USD
Revenue of $36.5 million on the sale of 1.4 million silver equivalent ounces at an average realized price per ounce of $25.95 USD
Net income of $1.6 million
Production of 1,482,391 silver equivalent ounces, consisting of 553,382 silver ounces, 8,700 gold ounces, 468 copper tonnes, 316 zinc tonnes
Adjusted cash cost per silver equivalent ounce of $17.62
Adjusted all in sustaining cost per silver equivalent ounce of $24.15

Following are tables showing summarized financial information and key performance indicators:

Summarized Consolidated Financial Information	Three months ended Sep 30		Year ended Sep 30
(in thousands USD, except per share amounts)	2024	2023	2024	2023
Revenue	$ 10,406	$ 5,690	$ 36,503	$ 30,260
Cost of sales, including depreciation	7,139	5,412	24,313	34,209
Operating income (loss)	4,021	(1,514)	3,230	(11,840)
Net income (loss)	719	(4,295)	1,580	(7,890)
Basic net income (loss) per share	0.002	(0.014)	0.005	(0.025)
Cash flow used in operations	(857)	(140)	(10,678)	(7,419)

Key Performance Indicators1	Three months ended Sep 30		Year ended Sep 30
(in thousands USD, except per ounce amounts)	2024	2023	2024	2023
Total tonnes stacked	363,695	329,944	1,587,360	1,407,249
Silver equivalent ounces sold	362,314	243,518	1,406,660	1,371,026
Adjusted AISC per silver equivalent ounce2	$ 23.26	$ 27.28	$ 24.15	$ 20.78
Adjusted Cash cost per silver equivalent ounce2	$ 17.71	$ 19.72	$ 17.62	$ 15.01
Realized silver price	$ 28.72	$ 23.37	$ 25.95	$ 22.07

1	Key performance indicators are unaudited non-GAAP measures, see reconciliation in MD&A.
2	Gold, copper and zinc are converted using average market prices.

This news release should be read in conjunction with the consolidated financial statements for the year ended September 30, 2024, notes to the financial statements, and management's discussion and analysis for the year ended September 30, 2024, which have been filed on SEDAR and are available on the Company's website. The Company's annual information form has also been filed and is available on SEDAR and the Company's website.

Technical information contained in this news release with respect to GoGold has been reviewed and approved by Mr. Bob Harris, P.Eng., who is a qualified person for the purposes of NI 43-101.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

Cautionary non-GAAP Measures and Additional GAAP Measures

Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies.

Additional GAAP measures that are presented on the face of the Company's consolidated statements of comprehensive income include "Operating income (loss)". These measures are intended to provide an indication of the Company's mine and operating performance. Per ounce measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. "Adjusted cash costs per ounce" and "Adjusted all-in sustaining costs per ounce" are used in this analysis and are non-GAAP terms typically used by mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, "Adjusted cash costs per ounce" reflects the cash operating costs allocated from in-process and dore inventory associated with ounces of silver and gold sold in the period. "Adjusted cash costs per ounce" may vary from one period to another due to operating efficiencies, grade of material processed and silver/gold recovery rates in the period. "Adjusted all-in sustaining costs per ounce" include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. For a reconciliation of non-GAAP and GAAP measures, please refer to the Management Discussion and Analysis dated December 11, 2024 for the year ended September 30, 2024, as presented on SEDAR.

Cision

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SOURCE GoGold Resources Inc.

TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, Dec. 10, 2024 /CNW/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report the results from an additional four drill holes including another infill hole at the Rincones target with over 100 metres of significant copper, gold, cobalt and iron mineralization:

Golden Arrow Resources Corporation logo (CNW Group/Golden Arrow Resources Corporation)

102.6 m averaging 0.22% Cu, 0.04 g/t Au, 100 g/t Co and 16.2% Fe starting at 67.4m depth in SP-DDH-31, including
- 24.3 m averaging 0.48% Cu, 0.07 g/t Au, 214 g/t Co and 31% Fe

Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "Our Phase 2 Drill Program has gone extremely well. We were initially focused on infill drilling Rincones to support estimating resources but we discovered that the mineralization footprint is much larger in extent than expected and there are often much longer significant intervals downhole than expected, and we still have results from six holes to look forward to. On top of that, indications are that Rincones has the potential to grow even larger with the subsequent drill programs. All of that makes us very excited for our first resource estimate and NI 43-101 technical report that are underway and will be completed early next year."

Mr. McEwen continued, "In addition to the drill program the team has been busy with surface exploration work and has identified new prospects within our 20,000 hectares of concessions. Data is being processed and we expect to be able to announce exciting new drill targets next year that could be tested in the Phase 3 drill program, once we are issued the new permit to expand our drill platforms. We are very pleased to be ending the year on such a positive note and look forward to continued success in 2025."

The holes reported herein are part of the Phase 2 diamond drilling campaign at the San Pietro Iron Oxide-Copper-Gold-Cobalt ("IOCG") Project in Chile ("San Pietro" or the "Project") announced on April 24, 2024. The drilling is now complete, with twenty-seven holes drilled totaling approximately 9100m. Assays from the final six holes are pending and expected early in the new year.

The Company has engaged independent consultants and Qualified Persons to complete its first Mineral Resource Estimate and the supporting NI 43-101 Technical Report for the Project. Resource modelling and supporting work is underway with completion targeted early in 2025, pending the final assays from Phase 2.

Table 1. Summary of Intervals, Phase 2 Drilling[Cu Grade >0.20% or Co Grade >200 g/t or Au Grade >0.2 g/t or Fe Grade >30%]

Hole		From (m)	To (m)	Interval (m)	Cu (%)	Au(g/t)	Co (g/t)	Fe (%)
Rincones Target
SP-DDH-31		67.40	170.00	102.60	0.22	0.04	100	16.2
	includes	67.40	72.40	5.00	0.50	0.07	108	14.8
	and	92.00	96.00	4.00	0.56	0.12	169	17.6
	and	114.55	120.30	5.75	0.51	0.08	123	15.3
	and	136.00	160.30	24.30	0.48	0.07	214	31.0
	including	146.85	158.00	11.15	0.64	0.10	383	44.1
		291.50	299.00	7.50	0.26	0.08	103	14.9
SP-DDH-32		6.00	18.20	12.20	0.31	0.05	71	13.5
		47.00	49.00	2.00	0.34	0.07	80	21.3
		69.40	86.00	16.60	0.24	0.04	78	13.9
		169.00	182.80	13.80	0.15	0.06	288	17.3
SP-DDH-33		302.00	305.00	3.00	0.25	0.03	25	13.1
		311.00	313.00	2.00	0.32	0.04	49	9.8
		323.30	329.00	5.70	0.29	0.05	118	19.4
		378.73	381.38	2.65	2.13	0.14	127	33.0
Colla Target
SP-DDH-34		29.00	40.85	11.85	0.03	<0.01	142	53.3
		98.55	112.37	13.82	0.07	0.03	149	55.6
		226.00	228.85	2.85	0.06	0.01	421	17.0
		311.40	320.00	8.60	0.17	0.03	454	18.4
		398.00	406.00	8.00	<0.01	0.02	244	17.4
Note: Intervals are downhole length. See hole descriptions in text for additional details.

San Pietro Phase 2 Drill Program Details

The San Pietro Project hosts multiple targets with strong Iron oxide-Copper-Gold and Cobalt mineralization (see Figure 1).This mineralization is typically found within a pile of fine to porphyritic andesites that exhibit widespread potassic feldspar alteration. The mineralization is often associated with areas where a superimposed quartz-scapolite alteration is more intense and there is a development of brecciation and massive replacement of magnetite.

SP-DDH-31

This hole was collared in the NE part of the Rincones target, 50 metres along section from SP-DDH-18 and drilled in the opposite direction, to the SSW (see Figure 2). Hole SP-DDH-31 confirmed the presence of a sub-horizonal magnetite manto body from 146 to 188 metres deep that is an offset of the mantos reported in SP-DDH-18 which returned multiple mineralized intervals including 39.8 m averaging 0.27% Cu, 0.06 g/t Au, 144 g/t Co and 30.8% Fe (see news release dated August 8, 2024). Mineralization in the magnetite mantos of SP-DDH-31 includes scapolite-actinolite alteration with disseminated pyrite crosscut by a series of magnetite-quartz-moly-pyrite veinlets plus specularite with chalcopyrite, following the general model of the target. The magnetite mantos are very high in iron and returned a best interval of 11.15 m with 0.64% Cu, 0.10 g/t Au, 44.1% Fe and 383 g/t Co. As in most of the holes in the NE of Rincones, this interval is anomalous in molybdenum with 99 g/t Mo. This high iron interval is within an interval of 24.3 m with assays that average 0.48% Cu, 0.07 g/t Au, 214 g/t Co, 31% Fe and 58 g/t Mo (see Table 1).

SP-DDH-32

On the north-western edge of the Rincones target hole SP-DDH-32 was collared 80 metres NW of historic hole RA11DH-008 to test the western continuity of a system of E-W trending specularite breccias. In the first 95 metres, hole SP-DDH-32 intercepted a series of specularite-calcite veinlets and breccias in the oxide zone with the best intercept of 12.2 m averaging 0.31% Cu starting at 6 m deep.

SP-DDH-33

Hole SP-DDH-33 targeted the SE extension of the mineralization at the Rincones target. From 302 to 329 metres it intercepted a series of veinlets and crackle breccias with calcite-specularite-chalcopyrite-pyrite, with the best intercepts shown in Table 1. From 378.73 to 381.38 m a specularite breccia with patches of chalcopyrite-pyrite averaged 2.61% Cu and 0.14 g/t Au over 2.65 m.

SP-DDH-34

The Colla target is approximately two kilometres southwest of Rincones and while grades of copper and gold can be significant, it is mainly considered a shallow, high cobalt and iron prospect, both of which can add significant value to IOCG deposits. Collared 210 metres NW of SP-DDH-02, SP-DDH-34 was designed to test sub-outcropping massive magnetite replacement bodies. From surface to 170 metres depth, a series of magnetite mantos with disseminated pyrite were intercepted. Iron values were very high, with a best interval of 13.82 metres grading 55.6% Fe, as shown in Table 1. Below these magnetite mantos several crackle breccias with chalcopyrite and pyrite contain elevated cobalt mineralization, including 8.6 metres averaging 0.17% Cu and 454 g/t Co (Table 1).

Table 2. Drill Hole Collar Information[PSAD 56 / UTM Zone 19 S]

Hole	Easting	Northing	Elevation(m)	Azimuth (˚)	Dip (˚)	Final Depth (m)
SP-DDH-31	391546	7072048.7	914	200	-67	350
SP-DDH-32	390554	7072328	1049	200	-60	320
SP-DDH-33	391093	7071385	959	20	-60	425
SP-DDH-34	390519	7070077	1095	235	-60	422

Methodology & QA/QC

This drilling campaign was completed by Sociedad de Servicios Andinos SpA of Copiapó, Chile, using diamond drill producing HQ-sized core. The Golden Arrow field team, supervised by senior geologists, photographed and logged the entire length of core for each drillhole, as well as measured it for recovery and marked it for sampling. Pieces of whole core approximately 10 to 15 cm long were selected and measured for specific gravity on average every 20 metres and targeting all different lithologies. Subsequently, the core was cut in half with an electric saw. One half was labelled, bagged and sent for analysis and the other half retained onsite. After completing the sampling of each hole, the samples were shipped to ALS Laboratory in Copiapó, Chile by a contract truck service. Sample preparation and gold analysis by Fire Assay and reading by atomic absorption on 30 gm sample by method Au-AA23 was completed at the ALS facility in Santiago de Chile. Multi-element package by ICP-OES reading following a four-acid digestion by method ME-ICP61 was performed at ALS facilities in Lima, Peru. Samples with over limits in copper (+ 10,000 ppm) were re-assayed by ore grade method Cu-OG62 that includes four acid digestion and ICP-OES reading. The Company follows industry standard procedures for the work carried out on the San Pietro Project, with a quality assurance/quality control (QA/QC) program. Blank and standard samples were inserted in each batch of samples sent to the laboratory for analysis. Golden Arrow detected no significant QA/QC issues during review of the data. The trajectory of all the holes drilled at San Pietro during this Phase 2 were measured using the gyroscope equipment "Champ Navigator" that assures no interference from the magnetite in the ground. Additionally, all the core was orientated using the "Champ Ori" core orientator to measure the azimuth and dip of structures.

About the San Pietro IOCG Project

The San Pietro Project covers approximately 20,000 hectares, 100 kilometres north of Copiapó. Situated between and adjacent to Capstone Copper's Manto Verde Mine property and Santo Domingo Project, San Pietro is in the centre of a potential new copper-iron-cobalt district within an active, well-developed mining region that is home to all the major iron oxide-copper-gold ("IOCG") deposits in Chile.

Qualified Persons

About Golden Arrow:

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso"

_______________________________Mr. Joseph Grosso, Executive Chairman, President and CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with exploration activities; the possibility that future exploration. There may be other factors that cause results or events to not be as anticipated. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's Management's Discussion and Analysis for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Cision

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SOURCE Golden Arrow Resources Corporation

Cision

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/NOT FOR DISTRIBUTION TO THE UNITED STATES/

TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

www.goldenarrowresources.com • info@goldenarrowresources.com

VANCOUVER, BC, Dec. 2, 2024 /CNW/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce that due to continued strong demand, the Company has increased the non-brokered private placement offering (the "Offering") to up to $782,500 in aggregate gross proceeds. All other terms of the Offering will remain the same as originally announced in the Company's News Release dated November 12, 2024.

The Company further announces that it has closed a second tranche of the non-brokered private placement through the issuance of 1,800,000 Units at a subscription price of $0.05 per Unit for aggregate gross proceeds to the Company of $90,000.

Finder's fees of $6,650 are payable in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 133,000 non-transferable finder's warrants are issuable (the "Finder's Warrants"). Each Finder's Warrant entitles a finder to purchase one common share at a price of $0.05 per share for three years from the date of issue, expiring on December 2, 2027 for this tranche.

No insiders participated in this tranche.

About Golden Arrow:

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso"_______________________________Mr. Joseph Grosso, Executive Chairman, President and CEO

Golden Arrow Resources Corporation logo (CNW Group/Golden Arrow Resources Corporation)

SOURCE Golden Arrow Resources Corporation

Cision

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TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

/NOT FOR DISTRIBUTION TO THE UNITED STATES/

VANCOUVER, BC, Nov. 12, 2024 /CNW/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce a non-brokered private placement financing of up to 10,000,000 units at a price of $0.05 per unit (the "Units") for gross proceeds of $500,000 (the "Offering").

Golden Arrow Resources Corporation logo (CNW Group/Golden Arrow Resources Corporation)

Each Unit will consist of one common share and one transferrable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.08 per share for three (3) years from the date of issue.

The Company's flagship San Pietro IOCG Project in Chile is funded to support a resource delineation program through the recently announced option agreement (see News Release dated January 12, 2024). The proceeds of this financing will provide funds for general working capital.

Please contact Shawn Perger at 1-604-687-1828 or Toll-Free: 1-800-901-0058Email: info@goldenarrowresources.com

This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the Company may participate in a portion of the financing. A commission may be paid to arm's length finders on a portion of the financing. The proceeds of the financing will be used for general working capital.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the 1933 Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Golden Arrow:

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD "Joseph Grosso"

________________________________Mr. Joseph Grosso, Executive Chairman, President and CEO

This news release contains certain statements and information that may be considered "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, without limitation, statements or information concerning the use of proceeds of the Offering; the closing of the Offering; the Company's expectations about when the Offering will close, if the Offering closes at all; the Company's expectation that it will meet the requirements of the Exchange necessary to have the Common Shares listed; the size and other terms of the Offering; the participation by insiders in the Offering; finder's fees; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; future exploration and operating plans; and the expectation that all of the closing conditions will be met.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, assumptions about the proposed completion of the Offering; future prices of lithium; the price of other commodities; currency exchange rates and interest rates; favourable operating conditions; political stability; timely receipt of governmental approvals, licences and permits (and renewals thereof); access to necessary financing; stability of labour markets and market conditions in general; availability of equipment; the accuracy of mineral resource estimates and preliminary economic assessments; estimates of costs and expenditures to complete the Company's programs and goals; and there being no significant disruptions affecting the development and operation of the project.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: the risk that the Offering will not complete on the timeline anticipated or at all; the risk that all necessary regulatory approvals will not be obtained, including the approval of the Exchange; the risk that the Company will not be able to utilize the proceeds of the Offering as anticipated; risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties; failure of equipment or processes to operate in accordance with specifications or expectations; cost escalations; unavailability of materials and equipment; government action or delays in the receipt of government approvals; industrial disturbances or other job action; unanticipated events related to health, safety and environmental matters; risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; ongoing war in Ukraine, rising inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all and economic activity in general; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities regulators.

The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Golden Arrow Resources Corporation

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The Canadian market has seen a notable increase, climbing 1.4% over the last week and rising 28% over the past year, with earnings expected to grow by 16% annually. For those interested in investing in smaller or newer companies, penny stocks—despite their somewhat outdated name—can still offer surprising value when backed by strong financials. This article will explore several penny stocks that stand out for their financial strength and potential for long-term growth.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
PetroTal (TSX:TAL)	CA$0.68	CA$620.88M	★★★★★★
Findev (TSXV:FDI)	CA$0.41	CA$11.75M	★★★★★☆
Winshear Gold (TSXV:WINS)	CA$0.165	CA$4.4M	★★★★★★
Mandalay Resources (TSX:MND)	CA$3.24	CA$297.04M	★★★★★★
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Amerigo Resources (TSX:ARG)	CA$1.80	CA$303.72M	★★★★★☆
Foraco International (TSX:FAR)	CA$2.40	CA$221.84M	★★★★★☆
East West Petroleum (TSXV:EW)	CA$0.035	CA$3.17M	★★★★★★
Newport Exploration (TSXV:NWX)	CA$0.115	CA$12.14M	★★★★★★
NamSys (TSXV:CTZ)	CA$1.11	CA$30.89M	★★★★★★

Click here to see the full list of 947 stocks from our TSX Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Dundee

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Dundee Corporation is a publicly owned investment manager with a market cap of CA$150.99 million.

Operations: The company’s revenue is primarily derived from its Mining Services segment, which generated CA$3.72 million, along with contributions from Corporate and Others amounting to CA$4.00 million.

Market Cap: CA$150.99M

Dundee Corporation, with a market cap of CA$150.99 million, primarily derives its revenue from its Mining Services segment. The company has recently completed the redemption of preferred shares, which may improve financial flexibility. Despite lacking significant revenue streams (CA$6 million), Dundee reported substantial net income gains due to large one-off items impacting results. While the company’s debt levels are satisfactory and short-term assets cover liabilities comfortably, operating cash flow remains negative. The management and board are experienced, but the Return on Equity is low at 9.3%. Its Price-To-Earnings ratio suggests it might be undervalued compared to the broader Canadian market.

TSX:DC.A Financial Position Analysis as at Oct 2024Eloro Resources

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Eloro Resources Ltd. is involved in the exploration and development of mineral properties in Bolivia and Peru, with a market cap of CA$93.14 million.

Operations: Eloro Resources Ltd. currently does not report any revenue segments.

Market Cap: CA$93.14M

Eloro Resources Ltd., with a market cap of CA$93.14 million, focuses on mineral exploration in Bolivia and Peru but remains pre-revenue. Recent developments include a private placement to raise CA$2.7 million, potentially extending its cash runway beyond the current seven months forecasted under free cash flow estimates. The company is debt-free and has sufficient short-term assets to cover liabilities, though it faces ongoing losses without profitability expected in the near term. Management changes aim to bolster strategic direction as Eloro advances its Iska Iska project, emphasizing increased drilling density for better resource definition and potential economic viability assessments.

TSX:ELO Debt to Equity History and Analysis as at Oct 2024Forsys Metals

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Forsys Metals Corp., with a market cap of CA$147.65 million, is involved in the acquisition, exploration, and development of mineral properties in Africa through its subsidiaries.

Operations: Forsys Metals Corp. currently does not have any reported revenue segments.

Market Cap: CA$147.65M

Forsys Metals Corp., with a market cap of CA$147.65 million, is pre-revenue and engaged in mineral exploration in Africa. The company recently reported significant interim drilling results from its Norasa Uranium project, indicating potential resource expansion at the Valencia site. Despite having no long-term liabilities and being debt-free, Forsys faces financial challenges with less than a year of cash runway based on current free cash flow trends. Additionally, there has been significant insider selling over the past three months. Recent management changes include the appointment of Pierfranco Malpenga to strengthen strategic oversight.

TSX:FSY Financial Position Analysis as at Oct 2024Make It Happen

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Companies discussed in this article include TSX:DC.A TSX:ELO and TSX:FSY.

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Reports production for the quarter ending September 30, of 406,150 silver equivalent ounces, consisting of 167,001 silver ounces, 2,232 gold ounces, 132 tonnes of copper, and 100 tonnes of zinc. GoGold Resources Inc shares T.GGD are trading up $0.01 at $1.46.

Read:

Shares Outstanding: 329,527,261Trading Symbols: TSX: GGDOTCQX: GLGDF

HALIFAX, NS, Oct. 15, 2024 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to report production for the quarter ending September 30, 2024 of 406,150 silver equivalent ounces, consisting of 167,001 silver ounces, 2,232 gold ounces, 132 tonnes of copper, and 100 tonnes of zinc.

GoGold – Silver & Gold (CNW Group/GoGold Resources Inc.)

"The quarter yielded continuing production growth, and more importantly we saw a substantial increase in production in the month of September where the heap achieved equilibrium at a level generating significant free cash flow for that month. The addition of the zinc circuit, along with other optimizations, has not only paid off in a saleable zinc product and recycling of the associated cyanide, but also it appears that it has improved the leaching of gold and silver," Brad Langille, President and CEO stated. "As we complete final engineering and anticipate the issuance of our permit for the Los Ricos South underground mine, we see Parral adding meaningfully to our cash flow on a go-forward basis."

Table 1: Quarterly Production Summary

Quarter Ended	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Silver Production (oz)	203,894	169,443	109,016	138,657	138,708	167,001
Gold Production (oz)	1,512	1,106	1,848	2,184	2,436	2,232
Copper Production (tonnes)	135	115	95	93	148	132
Zinc Production (tonnes)	–	–	–	92	125	100
Silver Equivalent Production (oz)1	375,112	300,789	300,260	375,745	400,236	406,150

"Silver equivalent production" include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented were: Jun 2023 – 82, Sep 2023 – 83, Dec 2023 – 85, Mar 2024 – 93, Jun 2024 – 86, Sep 2024 – 88. The copper:silver ratios were: Jun 2023 – 352, Sep 2023 – 356, Dec 2023 – 356, Mar 2024 – 365, Jun 2024 – 346, Sep 2024 – 320. The zinc:silver ratios were: Mar 2024 – 104, Jun 2024 – 98, Sep 2024 – 94.

Table 2: Annual Production Summary

Quarter Ended	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Silver Production (oz)	1,059,438	1,315,661	1,138,358	741,772	706,891	553,381
Gold Production (oz)	9,149	10,089	13,447	10,708	7,032	8,700
Copper Production (tonnes)	–	260	470	469	615	468
Zinc Production (tonnes)	–	–	–	–	–	316
Silver Equivalent Production (oz)1	1,847,835	2,295,416	2,270,073	1,810,326	1,517,264	1,482,406

"Silver equivalent production" include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented were: 2019 – 86, 2020 – 89, 2021 – 72, 2022 – 82, 2023 – 83, 2024 – 88. The copper:silver ratio for the periods presented were: 2020 – 302, 2021 – 348, 2022 – 410, 2023 – 373, 2024 – 345. The zinc:silver ratios were: 2024 – 99.

Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release related to Parral.

About GoGold ResourcesGoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:

Cision

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SOURCE GoGold Resources Inc.

Cision

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TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, Sept. 19, 2024 /CNW/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce that it has engaged the services of a Chilean environmental consultancy firm for the preparation and submission of an Environmental Impact Statement ("Declaración de Impacto Ambiental" or "DIA") for the Company's flagship San Pietro Iron-Copper-Gold-Cobalt Project in Chile ("San Pietro" or the "Project"). Once approved by the relevant authorities, this DIA will enable the Company to create and drill from an additional 80 platforms at San Pietro, allowing for significant advancement of the project.

Golden Arrow Resources Logo (CNW Group/Golden Arrow Resources Corporation)

Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "We have now completed about two thirds of our Phase two drill program which will provide the data to estimate the first mineral resource at San Pietro, focused on the Rincones target. The results to date have upheld our confidence in the long-term potential of the project and we are committed to continuing work to build value for our shareholders. The DIA will provide the ability for additional drilling to expand and upgrade resources at Rincones as well as continue exploration at the earlier stage targets on the project."

Ambiental y Sectorial, who will prepare the DIA, is a well-regarded firm with vast experience in preparing applications for and obtaining environmental permits for the mining and energy sector and has advised major companies in several challenging permitting assignments. The DIA will involve several environmental studies, including baseline flora & fauna and archaeological work, to comply with the environmental regulations in Chile. Work will be initiated in October and it is expected that the DIA will be completed and submitted to the relevant authorities in the first quarter of 2025.

About the San Pietro IOCG Project

The San Pietro Project covers 19,200 hectares, approximately 100 kilometres north of Copiapo. Situated between and adjacent to Capstone Copper's Manto Verde Mine property and Santo Domingo Project, San Pietro is in the centre of a potential new copper-iron-cobalt district within an active, well-developed mining region that is home to all the major iron oxide-copper-gold ("IOCG") deposits in Chile.

Qualified Persons

The exploration programs are designed by the Company's geological staff and results are reviewed, verified and compiled under the supervision of Brian McEwen, P.Geol., VP Exploration and Development to the Company. Mr. McEwen is a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the contents of the news release.

About Golden Arrow:

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993. The Grosso Group has a strong track record of corporate finance and asset transactions, including agreements with major companies such as SSR Mining and Stellantis N.V.

ON BEHALF OF THE BOARD

"Joseph Grosso"

_______________________________Mr. Joseph Grosso, Executive Chairman, President and CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with exploration activities; the possibility that future exploration. There may be other factors that cause results or events to not be as anticipated. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's Management's Discussion and Analysis for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Cision

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SOURCE Golden Arrow Resources Corporation

Cision

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Virtual Investor Conferences

Company Executives Share Vision and Answer Questions Live at VirtualInvestorConferences.com

NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Battery & Precious Metals Virtual Investor Conference held June 23rd & 24th are now available for online viewing.

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section.

Select companies are accepting 1×1 management meeting requests through July 29.

July 23rd & July 24th Presenting Companies:

Company	Ticker(s)
Horizon Copper Corp.	OTCQX: HNCUF \| TSXV: HCU
Tru Precious Metals Corp.	OTCQB: TRUIF \| TSXV: TRU
United States Antimony Corp.	NYSE American: UAMY
LithiumBank Resources Corp.	OTCQX: LBNKF \| TSXV: LBNK
GoGold Resources, Inc.	OTCQX: GLGDF \| TSX: GGD
Gold Terra Resource Corp.	OTCQB: YGTFF \| TSXV: YGT
Electric Metals (USA) Limited	OTCQB: EMUSF \| TSXV: EML
Giga Metals Corp.	OTCQX: GIGGF \| TSXV: GIGA
Outcrop Silver	OTCQX: OCGSF \| TSXV: OCG
Banyan Gold Corp.	OTCQB: BYAGF \| TSXV: BYN
Equity Metals Corporation	OTCQB: EQMEF \| TSXV: EQTY
Neometals Ltd.	OTCQX: NMTAY \| ASX: NMT
1911 Gold Corp	Pink: AUMBF \| TSXV: AUMB
Denarius Metals Corp.	OTCQX: DNRSF \| CBOE CA: DMET
Zeus North America Mining Corp.	OTCQB: ZUUZF \| CSE: ZEUS
Silver Tiger Metals Inc.	OTCQX: SLVTF \| TSXV: SLVR
Southern Silver Exploration Corp.	OTCQX: SSVFF \| TSXV: SSV
Li-FT Power Ltd.	OTCQX: LIFFF \| TSXV: LIFT
Cassiar Gold Corp.	OTCQX: CGLCF \| TSXV: GLDC
Fathom Nickel Inc.	OTCQB: FNICF \| CSE: FNI
Headwater Gold Inc.	OTCQB: HWAUF \| CSE: HWG

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

About Virtual Investor Conferences®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

CONTACT: Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com Virtual Investor Conferences Contact: John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com

Wallbridge Mining Company Limited

TORONTO, June 27, 2024 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX:WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) held its Annual Meeting of Shareholders (the “Meeting”) on June 26, 2024.

A total of 375,770,677 shares or 36.98% of the outstanding shares of the Company were represented at the Meeting. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and management information circular dated May 17, 2024 (“MIC”) were approved by the requisite majority of votes cast at the Meeting.

Voting on the following matters, as described in the MIC, were as follows:

To Set the Number of Directors at Seven (7)

Votes For		Votes Against
Number	Percent	Number	Percent
327,860,364	87.25%	47,910,313	12.75%

Election of Directors for the Ensuing Year

The following directors were elected until the next annual meeting of shareholders or until their successors are otherwise duly elected or appointed: Brian Penny, Janet Wilkinson, Michael Pesner, Anthony Makuch, Jeffery Snow, Danielle Giovenazzo and Brian Christie.

	Votes For		Votes Withheld
	Number	Percent	Number	Percent
Brian Penny	307,933,143	87.647%	43,398,663	12.353%
Janet Wilkinson	325,213,100	92.566%	26,118,706	7.434%
Michael Pesner	289,152,398	82.302%	62,179,408	17.698%
Anthony Makuch	343,276,508	97.707%	8,055,298	2.293%
Jeffery Snow	345,531,527	98.349%	5,800,279	1.651%
Danielle Giovenazzo	289,089,828	82.284%	62,241,978	17.716%
Brian Christie	344,870,421	98.161%	6,461,385	1.839%

Appointment of KPMG LLP as Auditor of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration

Votes For		Votes Withheld
Number	Percent	Number	Percent
373,296,489	99.342%	2,474,188	0.658%

About Wallbridge Mining

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend in Québec’s Northern Abitibi region while respecting the environment and communities where it operates.

Wallbridge’s most advanced projects, Fenelon Gold (“Fenelon”) and Martiniere Gold (“Martiniere”) incorporate a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere are located within an 830 square kilometre exploration land package controlled by Wallbridge.

Wallbridge has reported a positive Preliminary Economic Assessment (“PEA”) at Fenelon that estimates average annual gold production of 212,000 ounces over 12 years.

Wallbridge also holds a 15.79% interest in the common shares of NorthX Nickel Corp. (formerly “Archer Exploration”) as a result of the sale of the Company’s portfolio of nickel assets in Ontario and Québec. For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:

Wallbridge Mining Company Limited

Brian Penny, CPA, CMAChief Executive OfficerEmail: bpenny@wallbridgemining.comM: +1 416 716 8346

Victoria Vargas, B.Sc. (Hon.) Economics, MBACapital Markets AdvisorEmail: vvargas@wallbridgemining.comM: +1 289 242 3599

Cautionary Note Regarding Forward-Looking InformationThe information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections and interpretations as at the date of this document.

All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”

FLI in this document may include, but is not limited to: statements regarding the results of the PEA; the potential future performance of the Common Shares; future drill results; the Company’s ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the MRE’s at Fenelon and Martiniere (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.

FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.

Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company’s ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedarplus.ca.

Cautionary Notes to United States InvestorsWallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.

TORONTO, January 23, 2024–(BUSINESS WIRE)–Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, is pleased to provide its Q4-2023 and full year 2023 production results as well as an update to Galena Complex exploration results.

1 Silver equivalent grade for drill intercepts were calculated using metal prices of $22.00/oz silver, $3.75/lb copper and $0.95/lb lead and equivalent metallurgical recoveries were assumed for all metals (silver, lead and copper).2 Meters represent "True Width" which is calculated for significant intercepts only and is based on orientation axis of core across the estimated dip of the vein.3 Silver equivalent ounces for production in Q4-2023, Q4-2022, 2023 and 2022 were calculated based on silver, zinc and lead realized prices during the period throughout this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240123718885/en/

Contacts

Stefan AxellVP, Corporate Development & CommunicationsAmericas Gold and Silver Corporation416-874-1708

Darren BlasuttiPresident and CEOAmericas Gold and Silver Corporation416‐848‐9503

WHITE ROCK, BC / ACCESSWIRE / January 23, 2024 / Honey Badger Silver Inc. (TSXV:TUF) ("Honey Badger" or the "Company"), a Canadian-based company with silver projects in Canada, including the Nanisivik Project in Nunavut, reports that as of January 18th, 2024, the Canadian government has passed revisions to its mining laws aimed at boosting exploration and development in Canada's northernmost region. The Canadian government has transferred control of mineral reserves in the Territory to the legislative assembly of Nunavut, which will now dictate economic terms for companies operating in the region. The move is expected to boost mineral exploration and development in the Territory.

The Company's CEO, Dorian L. (Dusty) Nicol, commented, "We view this development as extremely positive for our wholly owned Nanisivik Project (the "Project") and for mineral explorers and developers operating in Nunavut as a whole. Honey Badger continues to focus on growing the Project to an eventual resource of up to 100 million ounces of silver at a grade of 30-50 g/t. Our target is based on the large tonnages of pyrite bodies at Nanisivik containing anomalous concentrations of silver as well as, locally, germanium, gallium, and indium, which have not been evaluated in the context of current metals prices. In addition, with the construction of a deep-sea port adjacent to Nanisivik, the pyrite bodies themselves may have significant commercial value. Nanisivik could become one of the few turnkey projects in the region with strong leverage to increasing silver prices and could be a key component of development in one of Canada's most sparsely populated regions."

About NanisivikThe Nanisivik Mine (near Arctic Bay, Nunavut) produced over 20 million ounces of silver between 1976 and 2002, from 17.9 million tons of ore, grading 9% zinc, 0.72% lead, and 35 grams per ton silver (1). In addition to the polymetallic orebody, previous exploration identified massive sulphide bodies (principally pyrite), totaling about 100 million tons (1,2), containing base metal and silver values not economic at the time.

Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley-type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis.

A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource and the Company is not treating the estimate as a current mineral resource. The historic tonnage estimate cannot be relied upon. Additional work, including verification drilling / sampling, will be required to verify the estimate as a current mineral resource.

Amended Stock Option PlanThe Company has amended its 10% rolling stock option plan (the "Amended Option Plan") to comply with the requirements of the new TSX Venture Exchange (the "Exchange") policy governing security-based compensation which became effective on November 24, 2021. The most significant change introduced by the new policy, and is included in the Amended Option Plan, permits the exercise of stock options which are "in the money" by eligible participants, without the holder being required to have the requisite funds to exercise such stock options, through the addition of a cashless exercise and a net exercise component, and more closely aligns with plans permitted by the Exchange.

The shareholders ratified the Amended Option Plan at the Company's annual meeting of shareholders held on December 15, 2022 (the "Meeting"). Additional details regarding the amendments are contained in the management information circular filed on SEDAR+ (www.sedarplus.ca) on November 15, 2022, in respect of the Meeting.

The Amended Option Plan remains subject to final acceptance of the Exchange.

Qualified PersonTechnical information in this news release has been approved by Dorian L. (Dusty) Nicol, the Company's CEO (PG, FAusIMM), who is a Qualified Person ("QP") for the purpose of National Instrument 43-101.

About Honey Badger Silver Inc.Honey Badger Silver is a silver company based in White Rock, British Columbia focused on the accretive acquisition and development of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and our Sunrise Lake exploration property located in the Northwest Territories, 130 kilometers northeast of Yellowknife. The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002.(1,2) Honey Badger Silver is positioned to be a top tier silver company with our unique approach of acquiring silver resources and prospective ground at low cost and adding value by targeted exploration on the steepest parts of the value-addition curve. Our objective is to demonstrate the value / prospectiveness of our silver projects in order to attract joint venture partners who will spend their money to advance our projects while we retain a royalty on the silver.

Geological and Powis.

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, CEOFor more information please visit our website www.honeybadgersilver.com or contact Ms. Michelle Savella for Investor Relations | msavella@honeybadgersilver.com | +1 (604) 828-5886

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, risks relating to capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Honey Badger Silver Inc.

View the original press release on accesswire.com

Aurcana Silver Corporation

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, April 11, 2022 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN) provides the following update:

As outlined in the press release dated March 21, 2022, Aurcana continues to evaluate all available alternatives with respect to the Company and satisfying the conditions precedents contained in the restructuring agreements entered into with subsidiaries of Mercuria Energy Group in respect of the Company’s outstanding $28 million term loan and associated hedging package. Aurcana is actively pursuing multiple financial and strategic alternatives that are in the best interests of the Company and its stakeholders and has engaged a financial advisor to assist in identifying and analyzing opportunities. The Company remains optimistic as to its prospects, although there can be no assurances that any transaction(s) will occur.

In addition to its focus on the required financing, the Company continues to work to optimize the mine development and restart plan for the Revenue-Virginius Mine to reduce time and capital requirements. The #1 hoist installation remains the critical path followed by finishing the development to have four working faces available and then to resume mining activities on the 1800 level.

ABOUT AURCANA SILVER CORPORATION

Aurcana Silver Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION

“Kevin Drover”President & CEO

For further information, visit the website at www.aurcana.com or contact:

Aurcana Silver Corporation850 – 789 West Pender StreetVancouver, BC V6C 1H2Phone: (604) 331-9333

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Company’s evaluation of financial and strategic alternatives and the proposed restructuring arrangements with Mercuria (including, without limitation, in respect of the satisfaction of the Conditions precedent to effectiveness of all such restructuring arrangements), , as well as the impact of the aforementioned matters on the production and operations of the Company at the RV Mine and the impact on the financial condition of the Company as a whole (and including statements with respect to the timing of all such matters). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Dec. 23, 2021 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN) is pleased to announce that it has shipped its first concentrate production from its wholly owned Revenue-Virginius Mine, located in Ouray, Colorado, USA.

The Company continues to mine high-grade ore during this time of reduced underground capacity. The processing system’s capability has been demonstrated through the mill operating at design capacity and the ability to produce shippable concentrate. However, the lack of consistent ore feed from the mine has been a bottleneck to optimizing processing performance.

Going forward, the near term operating plan is to continue to mine the two available stopes on the 1800 level and create a stockpile that will help ensure a longer period of sustained processing run-time. It is expected enough ore will be stockpiled to enable the processing plant to restart again during the first week of January.

Although the delays in specific underground development projects has meant the mine has been slower to get to full production than originally planned, a number of very important milestones have been achieved for the Revenue-Virginius Mine restart. First, the grade on the 1800 level based on assay results from samples taken from development advance shows the grade is as expected or better when compared against the geological model. The Company expects to be incorporating these assay results into future resource work. Second, the mine has proved the resue mining method works well for this ore-body in both dilution and geotechnical control features. And third, the processing facility has demonstrated that it can perform when given suitable ore feed to run at design rates and make sellable concentrates.

The Company continues to evaluate its development plan and timeline and will update shareholders in the new year. The #1 Raise Hoist remains the main bottleneck to achieving target mining productivities and its completion is a key to the success of the overall operation. Work on the #1 Raise Hoist continues and is the number one priority in the mine. Completion is now scheduled for May of 2022.

Aurcana also announces the resignation of Brian Briggs from the position of Chief Operating Officer of Aurcana Silver Corp and from the position of Chief Executive Officer of Ouray Silver Mining Inc (“OSMI”). The responsibilities and duties of these positions will be shared among existing managers and officers of the Company and OSMI.

Qualified Person Statement

The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101

ABOUT AURCANA SILVER CORPORATION

Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION

“Kevin Drover”President & CEO

For further information, visit the website at www.aurcana.com or contact:

Aurcana Silver Corporation850 – 789 West Pender StreetVancouver, BC V6C 1H2Phone: (604) 331-9333

Gary Lindsey, Corporate CommunicationsPhone: (720)-273-6224 Email: gary@strata-star.com

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the operational adjustments resulting from the reported rock movement and the impact of such adjustments on the production and operations of the Company at the Revenue Virginius mine (including with respect to the timing of closing of all such matters). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Mosaic (MOS) closed at $42.17 in the latest trading session, marking a -0.71% move from the prior day. This change lagged the S&P 500's daily gain of 0.3%.

Prior to today's trading, shares of the fertilizer maker had gained 28% over the past month. This has outpaced the Basic Materials sector's gain of 7.79% and the S&P 500's gain of 4.28% in that time.

MOS will be looking to display strength as it nears its next earnings release, which is expected to be November 1, 2021. The company is expected to report EPS of $1.63, up 608.7% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.83 billion, up 60.82% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.02 per share and revenue of $12.48 billion, which would represent changes of +490.59% and +43.77%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for MOS. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.14% higher within the past month. MOS is currently a Zacks Rank #2 (Buy).

In terms of valuation, MOS is currently trading at a Forward P/E ratio of 8.47. This represents a discount compared to its industry's average Forward P/E of 14.81.

It is also worth noting that MOS currently has a PEG ratio of 1.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Fertilizers stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.

The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 3, putting it in the top 2% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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The Mosaic Company (MOS) : Free Stock Analysis Report

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