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Funded, Permitted, and Building: The Gold Developers That Didn't Wait
Funded, Permitted, and Building: The Gold Developers That Didn't Wait Canada NewsWire ...
About this update from I-80 Gold Corp
Funded, Permitted, and Building: The Gold Developers That Didn't Wait /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire Issued on behalf of Lake Victoria Gold Ltd.USANewsGroup.com News Commentary VANCOUVER, BC, April 2, 2026 /CNW/ -- The world's gold mines produced a record 3,672 tonnes last year, but that number is misleading. Growth came in at just 1%, and the World Gold Council now warns that output may be approaching a near-term plateau as existing reserves deplete faster than new deposits are found[1]. The discovery pipeline has thinned. Permitting timelines have stretched. And the mines that built this industry's supply base are getting older every quarter. That scarcity backdrop is reshaping where capital flows, with institutional investors, development banks, and sovereign funds pivoting hard toward execution-ready projects in Africa and South America rather than parking money in early-stage exploration[2]. Five companies have positioned themselves squarely in that capital corridor: Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF), Montage Gold (TSX: MAU) (OTCQX: MAUTF), G Mining Ventures (TSX: GMIN) (OTCQX: GMINF), i-80 Gold (NYSE-A: IAUX) (TSX: IAU), and Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF). Wall Street's commodity desks are projecting gold to average between $4,700 and $5,200 per ounce in 2026, with several major banks flagging potential upside beyond $6,000[3]. For developers that have already locked in financing and secured permits, those numbers change the math entirely. African mining jurisdictions are climbing global investment attractiveness rankings, and capital is flowing toward permitted, construction-stage operations at a pace the continent hasn't seen in over a decade[4]. The companies converting ounces in the ground into credible production timelines are sitting in front of what may be the widest margin window the gold sector has offered in a generation.Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) has secured a binding term sheet for a gold loan facility of up to 6,000 ounces of gold, worth roughly US$25 million, from Monetary Metals. Alongside that, the company has locked in a fully committ...