Stocks In Play: Lake Victoria Gold Ltd

Published 2025-06-12, 06:39 a/m
Updated 2025-06-12, 10:45 a/m
Stocks In Play: Lake Victoria Gold Ltd

Provides an update on exploration activities conducted during Q1 2025 by Bulyanhulu Gold Mine Limited, a joint venture between Barrick Mining Corporation and the Government of Tanzania. These activities form part of the US$9 million exploration expenditure commitment made by Buly as part of the Asset Purchase Agreement signed in December 2021, under which Buly acquired six non-core prospecting licenses from LVG. In addition to the US$6M upfront consideration received, LVG retains exposure to future exploration success through contingent payments of up to US$45 million tied to gold discoveries on the Project.

This content was originally published on Baystreet.ca

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