Lake Victoria Gold Confirms High-Grade Gold in Tanzania, Plans 2026 Production
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2025
0mins
Source: PRnewswire
- High-Grade Gold Discovery: Lake Victoria Gold has confirmed gold mineralization up to 35.45 g/t at its Tembo Project in Tanzania, validating priority drill targets and accelerating its transition to production with a planned drilling program in Q1 2026, significantly enhancing the company's resource base.
- Processing Agreement Progress: The company is finalizing a processing agreement with Nyati Resources for a 500-ton-per-day plant located next to Barrick's Bulyanhulu Mine, expected to be completed by early 2026, creating a near-term production pathway for Tembo while minimizing capital expenditures.
- Funding Support: Lake Victoria Gold has secured up to $45 million in milestone payments through a gold prepay facility with Monetary Metals and a C$11.52 million strategic investment from Taifa Group, bolstering its financial position to support future development and production.
- Resource Expansion Potential: Recent drilling results at the Imwelo Project have extended mineralization beyond 250 meters depth, further confirming the resource potential in the area and supporting the company's long-term growth strategy in the gold market.
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Analyst Views on B
Wall Street analysts forecast B stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for B is 46.72 USD with a low forecast of 38.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 52.980
Low
38.00
Averages
46.72
High
55.00
Current: 52.980
Low
38.00
Averages
46.72
High
55.00
About B
Barrick Mining Corporation is a gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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