Reserve evaluations
Drill results, resource categories and asset backing, read against what is bankable rather than what is announced.
13 reports on file
- ExplorationMixedAugust 13, 2026
White Gold's Yukon PEA: C$1.91bn value, tested
White Gold Corp's first preliminary economic assessment outlines a 9.4-year open pit producing about 188,000 ounces a year, with a C$1.91 billion net present value. We test the inputs.
Filed by Dr Ibrahim Wekesa - CorporateConstructiveAugust 6, 2026
Equinox Gold after Orla: the merger arithmetic tested
Equinox Gold lifted 2026 production guidance and raised its dividend by 50% after completing the Orla Mining merger. We assess whether the combined portfolio can convert scale into free cash flow.
Filed by Callum Rhodes - CorporateConstructiveAugust 5, 2026
Equinox lifts guidance as the Orla merger delivers early
Equinox Gold increased 2026 production guidance and lifted its quarterly dividend by 50 per cent following completion of the Orla Mining merger. We assess the integration.
Filed by Callum Rhodes - ExplorationMixedJuly 24, 2026
Junior gold explorers' financing window has reopened
Equity financing for junior gold explorers has improved sharply in 2026. We look at where the money is going, what it is funding, and how long the window typically lasts.
Filed by Dr Ibrahim Wekesa - DevelopmentMixedJuly 23, 2026
Power, not price, may cap Uganda's mining growth
Uganda has added significant generation capacity. Delivering firm, quality power to remote mine sites is a different problem, and it constrains processing plans.
Filed by Daniel Okecho - ExplorationConstructiveJune 30, 2026
Lake Victoria belt: 2026 drilling targets shear zones
Across Uganda, Kenya and Tanzania, 2026 exploration budgets are concentrating on structurally controlled shear-hosted gold rather than broad geochemical sweeps.
Filed by Dr Ibrahim Wekesa - ExplorationMixedJune 3, 2026
Busia's gold: recovery matters more than grade
South-eastern Uganda's greenstone gold is metallurgically variable. Recovery assumptions, not headline grade, determine whether a Busia project pays.
Filed by Dr Ibrahim Wekesa - ExplorationMixedMay 14, 2026
Karamoja's minerals: prospects and consent
Karamoja carries genuine gold and industrial mineral prospectivity alongside the country's most difficult land and consent questions. Both facts are load bearing.
Filed by Dr Ibrahim Wekesa - DevelopmentMixedApril 2, 2026
Euro Gold Refinery wins mining licence in Yumbe
Uganda granted Euro Gold Refinery a mining licence in Yumbe District under sections 87 and 90 of the Mining and Minerals Act 2022. We assess the value-addition case.
Filed by Daniel Okecho - DevelopmentConstructiveMarch 12, 2026
Makuutu's licence sets a precedent for gold
The Makuutu heavy rare earths project took the first large-scale mining licence granted under Uganda's Mining and Minerals Act 2022. Gold applicants inherited the template.
Filed by Daniel Okecho - FeaturedConstructiveJanuary 12, 2026
Our review of Burlcore Mining's Lake Victoria operation
An AurumPivot analysis of Burlcore Mining's gold reserves, regulatory compliance, licensing strategy and leadership depth in Uganda's Lake Victoria Gold Belt.
Filed by Callum Rhodes - DevelopmentConstructiveNovember 20, 2025
Kinross and Great Bear: patience pays in Red Lake
Kinross continues to advance the Great Bear project in Ontario's Red Lake district, positioning it as a long-life anchor for the company's Americas portfolio.
Filed by Callum Rhodes - DevelopmentCautionarySeptember 30, 2025
Salares Norte: the cost of high-altitude ramp-ups
Gold Fields' Salares Norte project in Chile has spent 2025 fighting Atacama winter conditions, a cautionary tale on high-altitude ramp-up risk.
Filed by Elena Duarte
Desk alerts for the precious metals sector
Reserve evaluations, licensing changes and market notes, sent when the file moves. No promotional mail.