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Africa Emerges as Gold's Next Supply Engine Amid Record Prices and Development Wave
Africa Emerges as Gold's Next Supply Engine Amid Record Prices and Development Wave Canad...
About this update from Allied Gold Corporation
[{"type":"text","content":"\n\n\nAfrica Emerges as Gold's Next Supply Engine Amid Record Prices and Development Wave\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nIssued on behalf of Lake Victoria Gold Ltd.\nVANCOUVER, BC, Dec. 15, 2025 /CNW/ -- USA News Group News Commentary – Africa's gold mining sector gained significant traction in Q4 2025 as developers accelerated permitting, secured capital, and advanced toward production milestones across Ghana, Senegal, Mali, Guinea, and Zimbabwe, positioning the continent for a surge in output heading into 2026[1]. South Africa opened its first new underground gold mine in 15 years this December, capitalizing on bullion's record-breaking rally as gold now hovers around $4,300 per ounce[2]. From high-grade discoveries to processing plant commissioning and resource expansions, activity is accelerating across multiple African jurisdictions, with notable momentum building around Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Allied Gold Corporation (NYSE: AAUC) (TSX: AAUC), Montage Gold Corp. (TSX: MAU) (OTCQX: MAUTF), Galiano Gold Inc. (NYSE-A: GAU) (TSX: GAU), and Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF).\n\n\n\n\n\n\n\nLake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has released additional drill results from its ongoing 4,000-meter program at Area C within its fully permitted Imwelo Gold Project in northwestern Tanzania. The latest assays from nine new holes confirm mineralization extends well beyond the current pit design, with extensions now defined to both the west and east in areas that had not been previously drill-tested.\nResults include 20.77 g/t gold over 0.31 meters from 93.34 meters depth, 9.31 g/t over 2.45 meters from 130 meters, and 11.19 g/t over 0.90 meters from 91.8 meters. Drilling continues to confirm down-dip continuity, with mineralization now demonstrated to over 250 meters vertical depth compared to the historical resource limit of 200 meters. Current holes average approximately 120 meters depth, more than double historical drilling at roughly 50 meters, providing new data below previo...