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Grade Control Drilling Begins at a Permitted Tanzanian Gold Project Before Initial Mining

  • World Gold Council reported Q3 2026 mine production rose 3% to a record 1,071 tonnes while average gold price reached US$4,262 per ounce.
  • Total gold demand in Q3 2026 was 1,369 tonnes with a value of US$188 billion, a 22% year-on-year increase.
  • Lake Victoria Gold commenced a 6,500-metre grade control drilling program at Area C of its Imwelo project in Tanzania on November 4, 2026.
  • Recent drilling results at Lake Victoria Gold's Area C included 28.71 g/t Au over 2.75 metres from 21.00 metres depth.
  • B2Gold reported Q3 production of 193,321 ounces, reduced 2026 cost guidance, \& commenced pre-stripping at its Menankoto permit in Mali.
  • Galiano Gold produced 40,922 ounces in Q3, extended Abirem \& Miradani leases to 2041 \& 2043, \& reported no debt as of September 30, 2026.
  • IAMGOLD reported Q3 production of 186,900 ounces \& remains on track to meet its full-year 2026 guidance of 720,000 to 820,000 ounces.
  • Gold Fields secured principal environmental authorization for its Windfall project in Québec \& reported gold-equivalent production of 605,000 ounces in Q3.
  • Central banks added 321 tonnes to reserves in Q3 2026, the highest quarterly total since Q4 2024.
  • Recycling supply fell 8% to 314 tonnes in Q3 2026 while physically backed gold ETFs added 211 tonnes.
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Market Updates, Market Updates, Lake Victoria Gold, Marc Cernovitch, Gold mine production, Gold Investing, Gold Mining Stocks, Stocks