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Record price for gold means new and expanded mines in northern Ontario
By Erik White
Canadian Broadcasting Corp., Toronto
Monday, October 13, 2025
Gold is glittering even more these days, hitting a record price of US$4,000 per ounce.
The steadily climbing price in recent years has already seen boom times for gold towns in northeastern Ontario and the opening of new mines.
Earlier this year, Discovery Silver purchased gold mines in the Timmins and Chapleau area from Newmont.
... Dispatch continues below ...
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Blue Lagoon Highlights Optimal Market Timing
As Underground Mining Advances At Dome Mountain
Company Announcement
Thursday, October 9, 2025
VANCOUVER, British Columbia, Canada -- Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) announces that underground mining has entered its second week at the company's fully permitted Dome Mountain Gold Project near Smithers, British Columbia, amid the strongest gold price environment ever.
Last week's start of underground operations marked the beginning of Blue Lagoon's transition from development to production -- a milestone occurring at an opportune time as gold prices reach fresh record highs and worldwide investor interest in precious metals accelerates.
"Timing in the mining business is everything," says Blue Lagoon President and CEO Rana Vig. "With underground mining now underway and gold prices at record levels, Blue Lagoon is well positioned to capitalize on this strong market environment. Our strategy has always been to move Dome Mountain into production efficiently and responsibly, and today those efforts are aligning with market conditions." ...
... For the remainder of the announcement:
https://bluelagoonresources.
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Blue Lagoon Resources will be represented in New York on October 20 and 21 and will be scheduling private appointments. For more information, contact President and CEO Rana Vig at rana@ranavig.com.
"We would have been happy with $2,250 gold. The price of gold where it is now is definitely beneficial in terms of helping us," said President and CEO Tony Makush.
"A big part of what these gold prices do is give us access to investment, and it's a 100-year-old mining camp and you need to get re-investment into some of the assets, re-investment in exploration." ...
... For the remainder of the report:
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