A Fully Permitted Gold Project in Tanzania Is Quietly Building the Team to Actually Mine It

Lake Victoria Gold Ltd. strengthens its Tanzanian leadership team by appointing Joseph Ntiga as Acting CFO and Cosmas Tungaraza as Compliance Officer, signaling a transition from project planning to execution phase. The company is advancing its fully permitted Imwelo Gold Project toward construction with backing from Barrick and partnership with Tanzania's largest mining contractor Taifa Group.

06/17/2026, 8:45 AM • Benzinga

With Gold Above $4,500 and Crews on the Ground, This Permitted Tanzanian Developer Just Closed Its Funding Stack

Lake Victoria Gold Ltd. has closed the final tranche of its convertible debenture financing, raising C$3.83 million with plans to upsize to C$5 million. The company has commenced sterilization drilling at its fully permitted Imwelo Gold Project in Tanzania, with 39% of the program complete. The funding, combined with a binding term sheet for up to US$25 million in gold-denominated debt from Monetary Metals, positions the company toward construction in late 2026 and first gold production in 2027, capitalizing on gold prices above US$4,500.

05/20/2026, 9:15 AM • Benzinga

OR Royalties Announces Acquisition of a Portfolio of Royalty Assets Including a 1.5% NSR Royalty on Buenaventura's Producing San Gabriel Mine

OR Royalties has agreed to acquire a portfolio of eight precious metals royalties from Gold Fields affiliates for $115 million, anchored by a 1.5% NSR royalty on Buenaventura's producing San Gabriel gold and silver mine in Peru. The acquisition is expected to add immediate gold equivalent ounces (GEOs) and support OR Royalties' growth outlook of 80,000-90,000 GEOs in 2026, growing to 120,000-135,000 by 2030. The portfolio also includes royalties on development and exploration projects in Australia and Canada.

02/18/2026, 4:28 PM • Benzinga

Why Smart Capital Is Rotating Into High-Grade Gold Assets

Smart capital is rotating into high-grade gold assets in emerging markets, driven by record central bank gold purchases (863 tonnes in 2025) and plateaued global mine production (~3,672 tonnes). Lake Victoria Gold completed drilling at its Imwelo project in Tanzania confirming mineralization extends beyond current pit design. Other developers like Galiano Gold, Omai Gold Mines, Aris Mining, and K92 Mining are advancing projects with strong production guidance and exploration programs.

02/05/2026, 9:34 AM • Benzinga