Lake Victoria Gold Ltd. is pleased to announce that drilling is underway on a 4,000-metre, multi-purpose program at the fully permitted Imwelo Gold Project in northwestern Tanzania. The first of approximately 24 planned holes has commenced at Area C, the location of the Company's planned initial open pit at Imwelo. The program integrates reverse-circulation pre-collars with diamond core tails to reduce cost and cycle time [...]
Gold climbed above $3,800 an oz for the first time Monday, setting a new record as safe-haven buying gained momentum amid expectations of additional U.S. rate cuts and worries over a possible government shutdown. Adjusted for inflation, the metal already set its first new peak since 1980 earlier this month. Deutsche Bank now projects gold could surpass $4,000 by year-end, which is representing a potential annual return of [...]
Gold prices broke past $3,800 an oz for the first time Monday, hitting a record high as expectations of further U.S. rate cuts and concerns about a potential government shutdown fueled safe-haven demand. The precious metal's inflation-adjusted price reached its first record since 1980 earlier this month, with Deutsche Bank now forecasting gold could rise above $4,000 by year-end, implying a full-year return exceeding 50 [...]
Lake Victoria Gold is pleased to announce the commencement of a 4,000-metre, multi-purpose drilling campaign at the Area C zone of its fully permitted Imwelo Gold Project. The program is designed to support short-term production readiness, resource expansion and conversion, and final pit design optimization. This campaign forms a key component of LVG's strategy to initiate a low-capex open-pit operation at Imwelo, with [...]
Lake Victoria Gold is pleased to announce that its Tanzanian subsidiary, Tembo Gold, has reached an agreement in principle with the Government of Tanzania on the major issues surrounding the Government's statutory free carried interest in the Imwelo Gold Project. The statutory negotiation meeting was held on Sept 10, 2025, in Arusha, Tanzania, and attended by Marc Cernovitch, President & CEO of Lake Victoria Gold [...]
Gold has shattered the $3,650 barrier for the first time in history after markets priced in the now-certain Federal Reserve rate cuts-the first of this year, creating unprecedented momentum for precious metals. The metal's 39% surge this year has been amplified by central banks accumulating 900 tonnes of gold reserves[3] as nations diversify away from dollar-dominated assets amid mounting geopolitical tensions. This [...]
Lake Victoria Gold is pleased to announce that it has closed its previously announced non-brokered private placement consisting of the issuance of 34,285,715 units of the Company at a price of $0.175 per Unit, for aggregate gross proceeds to the Company of $6,000,000.13. The LIFE Private Placement was subject to a minimum amount of $3,000,000. Each Unit is comprised of one common share of the Company and one-half of one [...]
Fed rate cut expectations have reached certainty levels, with futures markets now showing 100% probability for a 25 basis-point reduction in September, following tepid August employment data that solidified monetary easing momentum[1]. This policy pivot arrives as gold surges past $3,700 toward Goldman Sachs' aggressive $3,700 year-end target[2], while central banks accelerated purchases to 166 tonnes in Q2 2025 alone[3], a 41 [...]
Federal Reserve Chair Jerome Powell's latest Jackson Hole comments about possible rate cuts have excited gold investors, with the metal staying strong above the key $3,300 level. As markets expect cuts in September following signs of employment weakness alongside persistent inflation, this creates a challenging 1970s-style economic backdrop that historically favors gold. Powell's focus on employment concerns while [...]
After months of gold hanging in above $3,300 per ounce, the junior mining sector is finally getting its day in the sun. These smaller exploration and development companies have always been the high-risk, high-reward plays of the gold world, and right now they're showing exactly why investors love them during bull markets. When gold prices stay elevated like this, junior miners can deliver explosive returns that make the [...]
Lake Victoria Gold Ltd. is pleased to announce that the Tanzanian National Environment Management Council has approved the updated Environmental and Social Management Plan for the Imwelo Gold Project, located in the Geita Region of northwestern Tanzania. The ESMP update was undertaken to reflect changes since the original study completed in 2013, which formed the basis for the issuance of the project's Environmental [...]
Late last week as global equities rose, U.S. gold futures hit a record high. This week, despite a pullback on Monday, experts continue to see more optimism to come in gold. Now, even though gold miners earned double the profits of 2011, the last year the market saw such sector momentum as now, analysts are claiming that gold equities are still undervalued. Looking ahead, the market is looking at the miners making moves [...]
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