Morning Briefing: G Mining Ventures to Acquire G2 Goldfields in $3B Transaction

[Music] Good morning and welcome back to the Mining Stock Daily Morning Briefing, presented by the Clear Commodity Network and delivering today's top news in Mining and Mineral Exploration. [Music] From the new Clearcom Studios, here's your host, Trevor Hall. Hey, good morning everybody and welcome back to the Mining Stock Daily Morning Briefing. It is Thursday, April 9th. The noodles are relatively steady this morning, gold is holding near 4,770 in ounce, silver's at $74.38 and copper features, pulling back a little bit down over a percent to around $5.70 a pound. After strong start to the week, the complex is taking a breather and waiting for the next directional signal. The story in the Mining Equity Space yesterday was the divergence between the initial move and the close. The GDX and the GDXJ both opened higher in the morning, tracking gold's relative stability and the positive sentiment around the ceasefire, but then gave up those gains through the session and finished, despite finishing higher on the day, it was lower from the open. That kind of intraday reversal, higher open week close is worth watching and it reflects a market that is still digesting what that ceasefire actually means for the trajectory of gold. The underlying bid remains intact. Central Bank demand hasn't gone away, dollar weakness hasn't resolved, and the geopolitical situation is still far from settled. But miners telling a different story than the metal in the short term is a signal that the equity side of the trade wants more clarity before committing to the sustained move higher. We'll get to the news out of the miners and explorers here in just a moment, but first a quick word of today's sponsor. Today's episode of MSD is brought to you by Revival Gold. They're one of the largest period gold mine developers operating in the United States. The company is advancing the Merkert Gold Project and Utah and mine permitting preparations are ongoing at Bear Trek, Arnett and Idaho. Revival is listed on the TSX venture exchange with the ticker symbol RVG and trades on the OTC QX market with RVLGF. Learn more about the company at Revival-Gold.com. Hi, I'm Rory Johnson, host of the Oil Ground at Podcast. I'm also the founder of Camarady Context and have been an oil market analyst for more than a decade. What I love about the oil industry is that it is both unquestionably essential to our modern life and the supply, demand and pricing of this indispensable product is driven by an ever-changing cornucopia of geological, geopolitical and technological developments. Listen as I speak with experts across the industry to explore everything you've always wanted to know about what's moving the market for Black Gold. Find the oil ground at Podcast on Apple Podcasts, Spotify and at clearcommodity.net. Brought to you by the ClearCommodity Network, digital news on the physical markets. And here's what you need to know this morning. Lots of news out and we'll start out with a big one, G Mining Ventures. The deal consolidates G Mining's fully permitted Oco West project with G2's adjacent Oco Gany Property in Ghana, creating a single integrated operation with combined life of mine average production. A potential above 500,000 ounces per year in projected synergies exceeding $1 billion Canadian. G Mining plans to fund Oco Gany development from its own balance sheet and free cash flow from its token to Zeno mine in Brazil and says the combination accelerates and simplifies Oco Gany's permitting by folding it into the already permitted Oco West framework. As part of the transaction, G2 shareholders will also receive shares in a newly created entity called G3 Spenco, which will hold G2's remaining exploration properties, including Tiger Creek and Peter's mine, and will be seated with $45 million Canadian in funding and the contingent value right. Shareholders representing approximately 37% of G2's outstanding shares, including directors and major shareholders that thought you limited have signed voting support agreements. The transaction is expected to close in Q2. G Mining trades on the T.S. X with G MIN, G2 trades on the T.S. X Venture with GTWO. Equinox Gold has reported preliminary Q1 2026 production of 197,628 ounces of gold, the first full quarter reflecting the company's scale following its business combination of caliber mining. Equinox also reduced total debt by approximately $990 million in the quarter through the work of Greenstone in Valentine. It also paid its inaugural dividend of a set and a half per share in March. Equinox Gold trades on the T.S. X and the NYSE with EQX. Great Pacific Gold has reported a drill intercept of 59.9 meters, grading 1.43 grams per tonne gold equivalent from surface at the Kawasaki target within its wild dog project in Papua New Guinea, and included a higher grade section of 14 meters of 2.69 grams per tonne gold equivalent. Kawasaki is one of the several targets within the wild dog land package and great Pacific Gold trades on the Venture with G.P.A.C. In Argentina, Aldebaran Resources has released a new drill result from the Altar Copper Gold Porfrey project in San Juan, with drilling intersecting 936 meters of 0.66 percent copper equivalent. That included 0.62 percent copper, 0.09 grams per tonne gold, and 1.16 grams per tonne silver. There was a higher grade core of 194 meters of 0.99 percent copper equivalent, that included 0.92 percent copper, 0.19 grams per tonne gold, and just over 1 gram per tonne silver. Altar is a large scale porfrey system and Argentina's established copper gold mining belt. Aldebaran Resources trades on the Venture with ALDE. EO Star Metals has reported a drill intercept of 101 meters, grading 5.34 grams per tonne gold from the Anapala Expansion Zone in Mexico. The result comes from EO Star's expanded 28,000 meter program, with 84 holes, and over 28,000 meters completed to date. The company is collecting rock strength data and metallurgical samples in support of its feasibility study for Anapala. EO Star Metals trades on the Venture with HSTR. Integra Resources has announced a 50,000 meter drill program that's the largest in the company's history, across its three Nevada Idaho properties. The program targets production growth and resource expansion at the operating 40 canyon mine, development drilling at Delamar, and engineering work at Nevada North. An updated feasibility study for Delamar is expected later this year. Integra Resources trades on the TSX Venture and the NYSE with ITRG. Copernica Metals has optioned the NIAC and Theorazo concessions, Edison Brero, Copernica Portrait Project, and Peru, through an agreement with Aseros Araquipa. The company identifies these concessions as cornerstone targets within the Sombrero system. The addition consolidates Copernica's land position at the project. Copernica Metals trades on the TSX with COPR. And Mithril Silver and Gold has reported initial drill results from the target 3 and target 5 areas of its Copernica Co. Project in Durango, Mexico. Headline intersections included 0.9 meters, grading 2.79 grams for ton gold, and 151 grams for ton silver, and a half meter of 6.91 grams for ton gold, and 475 grams for ton silver and target 3. And target 5, a whole return to half meter of 33.2 grams for ton gold, and 5.9 grams for ton silver, which the company is treating as a new discovery area. The 25,000 meter program is planned across multiple targets at Copernica Co. Mithril Silver and Gold trades on the TSX Venture with MSG and on the ASX with MTH. That's a wrap here this morning on the Morning Briefing. The Mining Stock Daily Morning Briefing is produced by Clear Commandity Network. It is distributed throughout the world through your podcast, Network of Choice, and at Clear Commandity.net. Have a wonderful day everybody. Be well. The information percentage should not be considered investment advice. Mining Stock Daily and its affiliates are not responsible for any loss. arising from any investment decision in connection with the material presented herein. Please do your own research or speak to a license financial representative before making any investment decisions.