Lake Victoria Gold Stock Price, News & Analysis

Gold prices have surged back to $3,300 after briefly touching $3,500 in late April 2025, prompting major institutions to revise their forecasts upward. Deutsche Bank projects $3,700 per ounce by 2026, while JP Morgan anticipates $4,000 by Q2 2026. More bullish predictions come from billionaire John Paulson and mining veteran Rob McEwen, who forecast $5,000 gold by 2028. The rally, fueled by Chinese market activity, has boosted gold mining stocks. Lake Victoria Gold has signed a non-binding LOI with Nyati Resources to evaluate a small-scale development partnership at its Tembo Project in Tanzania, potentially utilizing Nyati's existing 120 tpd processing plant and a new 500 tpd facility. The company recently raised C$3.52 million through a strategic investment from Taifa Group and secured a gold prepay agreement with Monetary Metals for up to 7,000 ounces.

Lake Victoria Gold has signed a non-binding Letter of Intent with Nyati Resources to explore a small-scale gold development opportunity at its Tembo Project in Tanzania. The proposed joint venture would utilize Nyati's existing 120 tpd gold processing plant and a 500 tpd plant under construction. Nyati is raising up to $5 million in working capital for development and operations. The preliminary profit-sharing arrangement (after 16% government carried interest) proposes 85% allocation to Lake Victoria Gold's subsidiary MIP and 15% to Nyati. MIP would manage operations while Nyati contributes processing infrastructure. The parties have agreed to a 60-day exclusivity period to finalize definitive agreements. The project aims to leverage existing infrastructure and local ore sources to create a scalable gold production platform.

Lake Victoria Gold (LVGLF) is evaluating a small-scale mining and processing opportunity at its wholly owned Tembo Project in northern Tanzania. The initiative aims to generate early cash flow by extracting and processing near-surface material using existing local infrastructure.

The project features multiple high-potential targets with significant near-surface gold intersections at Ngula 1, Nyakagwe East, and Nyakagwe Village. A privately operated Carbon-in-Pulp (CIP) plant has been commissioned nearby, with a second unit under construction, expected to reach a combined capacity of 620 tonnes per day.

Through its local subsidiary MIPCCL, LVG holds a Joint Venture interest in 20 Primary Mining Licences adjacent to its MLs. The company is preparing a non-binding Letter of Intent for a potential joint venture with the Processing Licence owner to mine and process material from both MLs and PMLs. The company cautions that this initiative is preliminary and not based on a feasibility study, carrying increased uncertainty and higher risk of economic or technical failure.

Gold prices are setting new records with analysts predicting a 'once-in-a-generation' bull run for mining stocks. Gold analyst Don Durrett projects gold could reach $4,000 per ounce, while major banks like UBS and Deutsche Bank forecast $3,500 and $3,700 respectively.

Lake Victoria Gold is advancing its Tembo Project in Tanzania's Lake Victoria Goldfield, adjacent to Barrick's Bulyanhulu Mine. The company recently secured four Mining Licenses valid for 10 years and completed the acquisition of the Imwelo Mining License. They've secured a potential gold prepay agreement for 7,000 ounces with Monetary Metals and received a C$3.52 million investment from TAIFA Group at C$0.22 per share.

The company has invested US$28 million in historical exploration at Tembo, including over 50,000 meters of drilling, identifying several high-grade zones. A previous deal with Barrick for six non-core licenses included $6 million upfront and up to $45 million in contingent payments.

Lake Victoria Gold (LVGLF) has successfully converted its Prospecting License into four Mining Licenses (MLs) for the Tembo Project in Tanzania's Lake Victoria Goldfield. Each ML is valid for 10 years, with a 10-year renewal option.

The project has received over $28 million in exploration investments, including 50,000 meters of diamond and RC drilling. Three high-priority targets have shown promising results:

• Ngula 1: 250m-wide zone with intercepts up to 22.18 g/t Au over 15.00m
• Nyakagwe Village: Multiple structures with grades up to 78.1 g/t Au over 1.00m
• Nyakagwe East: 300m-wide zone with grades up to 19.1 g/t Au over 3.00m

The company is evaluating near-term production opportunities, including potential use of nearby third-party processing facilities and planning new RC drilling programs. A previous strategic transaction with Barrick Gold's Bulyanhulu Mine included $6M cash plus up to $45M in contingent payments.

Lake Victoria Gold (LVGLF) has appointed Richard Reynolds to its Board of Directors, strengthening its strategic partnership with Taifa Group. Reynolds brings over 30 years of experience in mining, infrastructure, and logistics across East Africa and the UAE.

Reynolds currently reports to Taifa Group's Chairman, focusing on strategic oversight and business development. As former CEO of Taifa Mining & Civils , he played a key role in developing mining operations throughout the region. The partnership aims to accelerate the development of LVG's Imwelo Gold Project, leveraging Taifa's expertise in contract mining and infrastructure.

Additionally, the company has engaged Baystreet.ca Media for a two-month digital advertising and marketing campaign starting April 2, 2025, for USD$40,000.

Lake Victoria Gold (TSXV: LVG) provided an update on Q3-Q4 2024 exploration activities at their sold licenses adjacent to Bulyanhulu Gold Mine. The exploration, conducted by Bulyanhulu Gold Mine (Buly), a Barrick-Tanzania Government partnership, focuses on finding Bulyanhulu-style mineralization extensions.

Key developments include:

• Enze Prospect: Aircore screening revealed potential Bulyanhulu-style extensions, with RC drilling identifying gold anomalies in basalts and felsic tuffs
• Ngula Prospect: Follow-up RC drilling showed no significant gold mineralization
• Barrick has spent US$4.157M of their US$9M four-year expenditure obligation
• LVG could receive up to $45M in contingent payments based on future mineral discoveries

Buly's 2025 exploration plans include follow-up RC drilling at Enze, additional geochemical screening, and geophysical data integration to enhance drill targeting.

Lake Victoria Gold (TSXV: LVG) has completed the acquisition of the Imwelo gold project in Tanzania through its subsidiary Tembo Gold Tanzania The acquisition cost of Cdn$5,500,000 was paid through the issuance of 24,064,723 shares at Cdn$0.22 per share and US$148,148 in cash.

Concurrent with the acquisition, the company closed a non-brokered private placement of 16,000,000 shares with Taifa Group at Cdn$0.22 per share, raising Cdn$3,520,000. The deal includes a mining service contract with Taifa and an investor rights agreement granting Taifa participation rights in future financings and board nomination privileges.

The shares issued are subject to a four-month hold period until June 29, 2025. The Vendor's shares are under escrow, with releases tied to commercial production milestones at the Imwelo Project over three years.

Lake Victoria Gold (LVGLF) announces the completion of a 10-year renewal and transfer authorization for the Imwelo Mining License from the Tanzanian Mining Commission. The license will be transferred to LVG through its subsidiary Tembo Gold Tanzania , pending TSX Venture Exchange approval and completion of financing with Taifa Mining. The company is in advanced negotiations for non-dilutive funding to cover CAPEX development costs. Following the license transfer, the next tranche of equity investment from Taifa Group will be triggered, supporting project development. LVG plans to proceed with exploration, site preparation, and development activities at Imwelo.