White Gold announces assay findings from drilling operations at Golden Saddle
Drill Results: White Gold reported successful assay results from the first drill hole of its 2025 diamond drilling program at the Golden Saddle deposit, intersecting high-grade mineralization with 6.89 g/t Au over 2.8 meters and 6.89 g/t Au over 50.2 meters in the main zone.
Resource Potential: The White Gold project contains an estimated 1,732,300 ounces of gold in indicated resources and 1,265,900 ounces in inferred resources, with significant potential for expansion in both the resource and surrounding areas.
CEO Statement: David D'Onofrio, CEO of White Gold Corp, highlighted the exceptional potential of the project, noting that the high-grade results exceeded expectations and confirmed additional mineralized zones.
Future Drilling: The reported results are part of a fully funded work program, with two additional holes on the Golden Saddle and two on the Arc deposit pending assays.
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- Share Acquisition: Agnico Eagle Mines acquired 662,780 common shares of Maple Gold Mines at C$2.45 each, totaling C$1.6 million, as part of its strategy to enhance its strategic position in high geological potential projects.
- Strategic Intent: This acquisition reflects Agnico Eagle's proactive expansion strategy in the gold mining sector, particularly as cash flow and reserves reach record highs, indicating a strong focus on promising investment opportunities.
- Production Growth Target: Agnico Eagle plans to achieve a 20% to 30% production growth over the next decade, demonstrating optimism about market demand and aiming to solidify its market position through acquisitions.
- Market Dynamics: The CEO of Agnico Eagle stated that the company is willing to move on deals if opportunities arise, reflecting its ability to adapt to market changes and aiming to seize potential investment opportunities for long-term growth.
- Share Acquisition: Agnico Eagle acquired 662,780 common shares of Maple Gold Mines at C$2.45 per share for a total of C$1,623,811, indicating its strategic investment intent in high geological potential projects.
- Ownership Percentage Change: Following the acquisition, Agnico Eagle's ownership increased from approximately 12.90% to 12.98%, while holding 586,619 warrants, reflecting its influence and confidence in Maple.
- Investor Rights Agreement: Under an investor rights agreement signed in 2020, Agnico Eagle has the right to maintain its proportional ownership in future equity financings or increase its stake to 19.9%, providing flexibility for future investment decisions.
- Future Investment Plans: Agnico Eagle may continue to acquire additional common shares or other securities of Maple based on market conditions and strategic priorities, demonstrating its long-term commitment and growth potential in the mining sector.
- Share Acquisition: Agnico Eagle acquired 662,780 common shares of Maple Gold Mines at C$2.45 per share for a total of C$1,623,811, demonstrating its strategic intent to invest in high geological potential projects.
- Ownership Percentage Change: Following the acquisition, Agnico Eagle's ownership increased from approximately 12.90% to 12.98%, which not only enhances its influence in Maple but also lays the groundwork for potential future increases in stake.
- Investor Rights Agreement: Under an investor rights agreement signed in 2020, Agnico Eagle has the right to participate in future financings, provided it maintains certain ownership thresholds, offering flexibility for future capital operations.
- Future Acquisition Plans: Agnico Eagle indicated that it may continue to acquire additional shares or securities of Maple based on market conditions and strategic priorities, thereby further solidifying its position in the mining sector.
- Production Targets Achieved: In 2025, Agnico Eagle produced 3.45 million ounces of gold at a cash cost of $979 per ounce, exceeding expectations despite higher royalty costs and a stronger Canadian dollar, demonstrating the company's robust performance amid rising gold prices.
- Record Shareholder Returns: The company returned over $1.4 billion to shareholders through dividends and share buybacks in 2025, with $500 million in Q4 alone, reflecting exceptional cash flow and financial strength.
- Future Growth Strategy: Agnico plans to increase annual production by 20% to 30% over the next decade, with significant investments in key projects like Detour Lake and Upper Beaver, aiming for over 4 million ounces of annual production by 2030, showcasing its commitment to long-term growth.
- Capital Expenditure Outlook: Capital expenditures are expected to remain elevated at around $3 billion in 2026 to support accelerated project development, with management expressing confidence in maintaining strong financial health and shareholder returns.
- Renewed M&A Interest: Agnico Eagle Mines CEO Ammar Al-Joundi stated that the company is 'very well-positioned' to pursue acquisitions when the right opportunity arises, indicating a shift from a long-standing focus on increasing production from existing mines to potential deal-making.
- Strong Earnings Performance: The company reported Q4 adjusted earnings and revenues that exceeded analyst estimates, resulting in a 5.5% stock price increase on Friday, while also raising its quarterly dividend by 12.5% to $0.45 per share, reflecting the strength of the business amid rising gold prices.
- Gold Production and Costs: Gold production reached 841K ounces in Q4 and 3.45M ounces for the full year, meeting company guidance; however, the all-in sustaining costs for Q4 were $1,517 per ounce and $1,339 per ounce for the full year, exceeding expectations primarily due to increased royalty expenses linked to higher realized gold prices.
- Mineral Reserves Growth: Agnico Eagle's year-end gold mineral reserves rose by 2.1% to a record 55.4 million ounces, supported by successful exploration and the initial declaration of reserves at the Marban deposit in Malartic following the acquisition of O3 Mining in March 2025.








