Tristar Gold Stock Price, News & Analysis

TriStar Gold (OTCQB: TSGZF) has filed its response to a civil public action from the Federal Prosecutor's Office (MPF) regarding the Castelo de Sonhos gold project in Pará, Brazil. The company, along with the State Environmental Secretariat of Pará (SEMAS), is defending the environmental licensing process, with the Preliminary License (LP) remaining in place without restrictions.

Both SEMAS and TriStar argue that the project complies with all legal requirements, emphasizing that the Baú and Menkragnoti Indigenous Lands are over 10km from the project area, exceeding regulatory thresholds. The company maintains that the Environmental Impact Assessment (EIA/RIMA) was properly conducted and approved, with plans for 1,600+ future jobs and significant tax revenues for Pará State.

TriStar Gold (OTCQB: TSGZF) announced that Brazil's Federal Prosecutor's Office (MPF) has filed a Civil Public Action against the State Environmental Secretariat of Pará and the company's subsidiary regarding the Castelo do Sonhos Project. The lawsuit seeks to suspend the environmental licensing process pending revised environmental impact studies and Indigenous consultation.

While the MPF requested an immediate injunction, the Federal Judge declined to grant immediate suspension, noting the case's lack of urgency given investigations dating back to 2019. The company has 15 business days to file a defense. CEO Nick Appleyard expressed confidence in demonstrating compliance with environmental licensing requirements.

TriStar Gold Inc. (TSGZF) has filed a technical report for its Castelo de Sonhos property, titled 'Castelo de Sonhos Project, Pre-Feasibility Study Update 2025.' The report, dated June 18, 2025, and effective May 5, 2025, was prepared by independent consultants GE21 Consultoria Mineral Ltda in compliance with National Instrument 43-101 standards. The technical report is now available on SEDAR+ and the company's website. This filing represents a key regulatory compliance milestone for the company's Brazilian mining project.

TriStar Gold (TSXV: TSG) has announced a best efforts private placement financing to raise up to $10 million through the issuance of up to 62.5 million units at $0.16 per unit. Each unit consists of one common share and half a warrant, with each whole warrant exercisable at $0.25 for 24 months. The Agents, led by Paradigm Capital, will receive a 6% cash commission and compensation options to acquire 6% of issued units at $0.16 per share.

The Agents have been granted an option to sell an additional 9.375 million units for up to $1.5 million. The offering is expected to close around May 29th, 2025, subject to regulatory approvals. Proceeds will be used for exploration, development, and working capital purposes.

TriStar Gold has updated the Prefeasibility Study (PFS) for its Castelo de Sonhos gold project in Brazil, revealing robust economics. At a base-case gold price of $2,200/oz, the project shows an after-tax NPV5% of $603 million and an IRR of 40%. The project requires initial capital of $296 million and features AISC of $1,111/oz with a 2-year payback period. The operation plans for a 10,000 tpd processing facility with expected 98% gold recovery. The project maintains its mineral reserves of 1.4 Moz gold at 1.1 g/t. Additionally, TriStar received positive legal opinion regarding the project's permits, confirming they remain valid despite previous inquiries about potential impacts on Indigenous lands.

TriStar Gold (TSXV: TSG) (OTCQB: TSGZF) announces the return of President and CEO Nick Appleyard from leave effective April 1, 2025, while Jessica Van Den Akker, who served as Interim CEO, continues as a Director.

The company provides an update on their Castelo de Sonhos gold project in Brazil, confirming no additional support for a Federal Public Prosecutor's previous requests to government regulators. The Pará Secretariat for Environment and Sustainability (SEMAS) has demonstrated strong support for the project's permitting process.

The Preliminary License received in August 2024 remains valid without restrictions as the company explores financing options to advance the project through drilling and feasibility stages toward a construction decision.

TriStar Gold (TSXV: TSG) (OTCQB: TSGZF) has received positive responses from Brazilian government regulators regarding its Castelo de Sonhos gold project. The company's Preliminary License (LP permit) received in August 2024 remains valid and unrestricted. The Pará Secretariat for Environment and Sustainability (SEMAS) has provided a strong technical defense of the permitting process in response to inquiries from the Federal Public Prosecutor. TriStar has also defended its permitting process, demonstrating comprehensive consideration of potential mining impacts. The company is now exploring financing options to proceed with required drilling and feasibility studies toward a construction decision.

TriStar Gold (TSXV: TSG) (OTCQB: TSGZF) has announced two significant leadership changes. Marcus Brewster, a geologist and mining engineer with extensive experience in large-scale paleoplacer gold mines, has joined the Board of Directors effective December 4, 2024. Brewster brings valuable expertise from his roles at Tarkwa and Damang Gold Mines in Ghana, where he served as General Manager at Damang.

Additionally, Jessica Van Den Akker, a current TriStar Director and Chartered Professional Accountant with 20 years of resource sector experience, will serve as interim CEO during Q1 2025 while current President and CEO Nick Appleyard takes medical leave. Van Den Akker's background includes significant experience in financings, mergers and acquisitions, and implementing operational and financial reporting processes.

TriStar Gold announces key board changes with Marcus Brewster joining as Director while stepping down as COO effective December 4, 2024. Mark Jones III has been appointed Chairman Emeritus in recognition of his founding role and past service as CEO. Brewster, a geologist and mining engineer with extensive experience in paleoplacer gold mines, will be formally appointed following the AGM on December 2, 2024. The company is currently working on responding to prosecutors' requests regarding the Prior License for the Castelo de Sonhos gold project in Pará State, issued in August 2024.