newsfilter
← Latest News
GlobeNewswire·

Tale of the Tape: An Abitibi Gold Explorer Steps Into the Ring With Established Miners

  • The Abitibi Greenstone Belt extends from Timmins, Ontario to Val-d'Or, Québec, where several gold mines reported third-quarter results in early November 2026.
  • Opawica Explorations Inc. holds three exploration properties in the Rouyn-Noranda camp, including the 100%-owned Arrowhead property adjacent to Agnico Eagle's LaRonde Complex.
  • Opawica's 2022 drilling program at Arrowhead totaled 4,306 metres across 14 holes, with 11 intersecting gold zones grading over 1.0 g/t Au along a one-kilometre strike length.
  • On November 5, 2026, Opawica began soliciting bids for a planned 10,000-metre drilling program at Arrowhead, with an annual general meeting scheduled for November 25, 2026.
  • Agnico Eagle Mines Limited reported 814,012 ounces of payable gold production in the third quarter of 2026, with LaRonde producing 77,250 ounces at 3.60 g/t grade.
  • Agnico Eagle's third-quarter all-in sustaining costs were $1,648 per ounce, free cash flow reached $852 million, & net cash position stood at $3,416 million as of September 30, 2026.
  • Agnico Eagle plans a five-day LaRonde mill shutdown in Q4 2026 for maintenance while advancing construction at Hope Bay, Odyssey, Upper Beaver, & Detour Lake.
  • Eldorado Gold Corporation produced 106,351 ounces of gold in Q3 2026, with its Lamaque operation contributing 52,748 ounces & all-in sustaining costs rising to $1,436 per ounce.
  • Eldorado transitioned its Ormaque underground development at Lamaque from growth capital to sustaining capital following earlier-than-expected permit receipt.
  • Wesdome Gold Mines Ltd. reported consolidated revenue of C$251 million (up 9%) & net income of C$89.7 million in Q3 2026, with gold production of 41,287 ounces (down 18% year-over-year).
  • Wesdome reaffirmed its 2026 production & all-in sustaining cost guidance while noting higher throughput at Eagle River & additional mining fronts at Kiena.
  • Coeur Mining, Inc. reported Q3 2026 revenue of $1.0 billion (up 77%) & free cash flow of $240 million (up 27%), with gold production of 161,400 ounces & a cash balance of $1.2 billion.
  • Coeur targets record full-year gold production of approximately 630,000 ounces, citing contributions from newly-acquired Canadian operations to boost 2027 results.
  • The article notes a conflict of interest as the distributor, Market Equities Limited, expects future compensation from Opawica Explorations Inc. for communications services.
  • The publication includes a disclaimer stating it is not personalized financial advice & investors should consult licensed advisors before making decisions.
Company
Canada News Group
Keywords
Canada News Group, Canada News Group, Opawica Explorations, Abitibi Greenstone Belt, LaRonde Complex, gold companies, Gold Stocks, Gold Mining Stocks, AI