Australian explorer Manhattan Gold Corporation Ltd. announced Tuesday the commencement of the first drilling program in over 30 years at its 423-square-kilometer Hook Lake project in Nunavut, Canada. Located within the Rankin-Ennadai greenstone belt, the project hosts both high-grade orogenic gold systems and volcanogenic massive sulfide (VMS) copper-zinc-gold-silver mineralization. This year, Manhattan plans to complete 4,000 meters of reverse circulation drilling. While primarily focused on gold targets, the program will conduct preliminary testing on polymetallic targets including Spectre, where historical drilling in 1974 encountered copper-zinc-gold-silver massive sulfide lenses. Additionally, the company will implement an expansive till sampling program and airborne magnetic geophysical surveys to systematically evaluate zinc and other polymetallic mineralization beneath shallow glacial cover across the trend.

Galantas Gold Corporation has successfully closed a $100 million private placement, issuing 181 million units at $0.55 each. Backed by strategic shareholders including Eric Sprott, Ocean Partners, and Melquart, the net proceeds are earmarked to fund exploration and development at the Indiana gold and copper project, as well as the pending Andacollo gold project in Chile. If the Andacollo acquisition is not approved, its designated funds will be reallocated. The capital injection aims to rapidly advance both assets toward production by early 2027.

The performance of the gold price in March surprised many investors, as the precious metal recorded significant price declines despite geopolitical escalations.

CMOC announced that its controlling subsidiary has acquired a 100% interest in Equinox Gold Corp.'s Aurizona Gold Mine, RDM Gold Mine, and Bahia Integrated Mining Area. As all conditions precedent under the agreement have been satisfied or waived, the acquisition was completed on January 23, 2026, Beijing time. The company believes that the aforementioned gold ore resources are substantial, with well-established infrastructure, mature ore beneficiation processes, and strong profitability. Upon completion of the acquisition, these assets are expected to contribute to production and profits, with a short anticipated investment payback period and favorable economic benefits. The projected annualized gold production for 2026 is 6–8 mt, which will play a positive role in achieving the company's gold production targets and further enhance its resource reserves.

On December 17th, 2025, Eldorado Gold Corporation announced that it acquired 14,868,200 common shares of Amex Exploration Inc. at a price of C$4.00 per share, for total consideration of approximately C$59.5 million, through a privately negotiated transaction with a third party. Following the transaction, Eldorado now beneficially owns 38,626,330 common shares and 207,000 warrants, representing approximately 27.27% of Amex’s outstanding shares on a non-diluted basis and approximately 27.37% on a partially diluted basis, assuming full exercise of the warrants. Eldorado stated that the additional share purchase was made for investment purposes in response to an unsolicited opportunity. The Company currently has no plans or intentions to pursue a takeover or other control transaction, although it may adjust its ownership position in the future subject to market conditions and applicable regulations. The transaction was completed pursuant to the private agreement exemption under NI 62-104, with the required early warning disclosure to be filed on SEDAR+.

According to Mining.com, Canadian mine developer Montage Gold Corp. (MG) announced that since the beginning of the year, the indicated and inferred resources at its Koné project in the Republic of Côte d'Ivoire have increased significantly. MG stated on the 6th that the Koné gold mine now has indicated ore resources of 269 million mt at a grade of 0.63 g/mt, containing 5.49 million ounces of gold, a 13% increase from the 2024 feasibility study results. Inferred ore resources amount to 43 million mt at a grade of 0.51 g/mt, containing 704,000 ounces of gold, a 76% increase from previous estimates. "Recent results demonstrate the prospectivity of the Koné property, adding substantial resources in just one year," said Ovais Habib, mining analyst at Scotia Capital, in an investment note. Vancouver-based Montage Gold set a target at the beginning of this year for the project to achieve measured and indicated resources exceeding 1 million ounces at a grade of at least 1 g/mt, with production starting in 2027. The resource update on the 6th indicates that "the company should be well on track to meet this target, especially if more resources are discovered," said Raj Ray, mining analyst at BMO Capital Markets, in an investment note. New Drilling MG CEO Martino De Ciccio revealed in an interview with The Northern Miner on the 6th that the company's exploration investment at Koné will increase from around $13 million last year to $18 million this year. He added that next year's exploration budget is expected to be similar to this year's. The project's drilling program for this year has been increased from the originally planned 90,000 m to 120,000 m, with 87,595 m already completed. The new drilling is primarily focused on the Gbongogo–Koroutou and Sissédougou structural zones. The latter extends over 10 km along strike and hosts the ANV deposit, emerging as a "high-potential" area, according to Montage. Montage expects the Koné project mine to have a 16-year life, producing 301,000 ounces of gold annually in the first 8 years after commissioning. The 2024 feasibility study estimated a post-tax net present value of $3.1 billion for the project at an average gold price of $3,000 per ounce. Montage stated that project construction is progressing "rapidly" on budget and is on schedule for completion. According to an investment report published on the company's website, half of the budget, $428 million, has already been spent, with many key infrastructure components completed. 52 Targets Within the 1,318 km² Koni concession area, workers have delineated 52 exploration targets across 8 mineralized zones, making it the largest concession in West Africa. To date, all 23 targets that have been drilled have confirmed mineralization. Nine deposits have been discovered within the concession. The Koni peripheral deposit is estimated to contain indicated ore resources of 24 million mt with a gold grade of 1.29 g/mt, equivalent to gold resources of 996,000 oz; and inferred ore resources of 5.5 million mt with a gold grade of 1.09 g/mt, equivalent to gold resources of 194,000 oz. In the coming months, the company will update the resource estimates for both discovered and newly identified gold deposits. "All the targets we have tested show good mineralization," said De Sio. "This confirms our hypothesis of significant exploration potential, and we believe that higher-grade peripheral deposits should be incorporated into the mine plan from the start of production." Additionally, Montage has applied for an adjacent 458 km² exploration license. This will expand the company's exploration area to 1,776 km².