Core Insights - Meridian Mining plc has successfully closed a CAD 57.5 million financing, enabling the acceleration of various programs to bring the Cabaçal Au-Cu-Ag mine back into production by the end of 2028, pending license approvals [2][3] - The company plans to conduct extensive exploration drilling in 2026, with up to 10,750 meters of diamond drilling across multiple prospects, including Cabaçal, Jauru, and Araputanga Greenstone Belts [2][8] - Meridian is considering a dual listing on the London Stock Exchange to enhance its access to equity capital and target exposure to the UK investment market [2][21] Financing and Production Plans - The recent financing allows Meridian to move beyond the final investment decision for Cabaçal and into early construction works, including ordering long lead items and initiating civil works [3][4] - Initial civil works are planned for the 2026 dry season, with access roads being upgraded to prepare for potential construction start in H1 2027 [4][8] Exploration and Drilling Activities - The 2026 exploration program will focus on testing targets in the Cabaçal mine corridor, as well as conducting field programs on the Jauru and Araputanga Greenstone Belts [8][35] - Recent drill results from the Santa Helena Central area have shown high-grade polymetallic VMS mineralization, with notable intersections including 2.6 meters at 2.4 g/t Au, 1.7% Cu, and 93.2 g/t Ag [8][26] Geochemical and Geophysical Studies - Geochemical reconnaissance has revealed a new gold-in-soil response of 244.9 Au ppm, indicating potential gold mineralization in unexpected locations [5][6] - The company is advancing its geophysical exploration capabilities by ordering drone-based magnetic, radiometric, and Lidar sensors to improve prospect-scale interpretation [10][11] Resource Development and Technical Studies - The Cabaçal Definitive Feasibility Study (DFS) is being advanced, with specifications for long-lead items expected to be finalized by the end of Q1 2026 [4][29] - The Cabaçal project has a projected after-tax NPV of USD 984 million and an IRR of 61.2%, with a low All-in-Sustaining-Cost of USD 742 per ounce gold equivalent [29][30]

London, United Kingdom--(Newsfile Corp. - February 12, 2026) - Meridian Mining plc (TSX: MNO) (FSE: N2E0) (OTCQX: MRRDF) ("Meridian" or the "Company") is pleased to announce that the Company has closed the bought deal offering previously announced on February 4, 2026 and further upsized on February 4, 2026, by issuing 36,392,900 common shares of the Company (the "Offered Shares") at C$1.58 per Offered Share for aggregate gross proceeds to the Company of C$57,500,782 (the "Offering") pursuant to terms of th ...

Company Overview - Meridian Bank (MRBK) is headquartered in Malvern and operates in the Finance sector, with a stock price change of 16.33% since the beginning of the year [3]. Dividend Information - The company currently pays a dividend of $0.12 per share, resulting in a dividend yield of 2.74%, which is higher than the Banks - Northeast industry's yield of 2.3% and the S&P 500's yield of 1.35% [3]. - Meridian Bank's annualized dividend of $0.56 has increased by 12% from the previous year, with an average annual increase of 18.90% over the last five years [4]. Earnings Growth Expectations - For the fiscal year, MRBK anticipates solid earnings growth, with the Zacks Consensus Estimate for 2026 projected at $2.30 per share, indicating a year-over-year growth rate of 21.69% [5]. Investment Considerations - The company has a current payout ratio of 26%, meaning it distributes 26% of its trailing 12-month earnings per share as dividends [4]. - MRBK is considered a compelling investment opportunity due to its strong dividend profile and a Zacks Rank of 3 (Hold) [6].

分组1 - Meridian Bank reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.55 per share, and up from $0.49 per share a year ago, representing an earnings surprise of +11.93% [1] - The company posted revenues of $34.24 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 6.41%, compared to year-ago revenues of $28.59 million [2] - Meridian Bank shares have increased approximately 3.9% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $30.27 million, and for the current fiscal year, it is $2.28 on revenues of $133.13 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Core Viewpoint - Meridian Corporation reported strong financial performance for the fourth quarter of 2025, with net income increasing by 7.9% quarter-over-quarter and 33.6% year-over-year, driven by growth in loan portfolios and improved net interest margins [2][5]. Financial Performance - Net income for Q4 2025 was $7.2 million, or $0.61 per diluted share, up from $6.7 million in Q3 2025 and $5.6 million in Q4 2024 [5][7]. - Pre-provision net revenue (PPNR) for the quarter was $12.6 million, an increase of 13% from Q4 2024 [5][8]. - The net interest margin improved to 3.77%, while the loan yield declined to 7.15% and the cost of funds decreased to 3.23% [5][33]. Loan and Deposit Growth - Commercial loans, excluding leases, increased by $35.2 million, or 2%, from the prior quarter [5][24]. - Total assets grew to $2.6 billion, a 0.8% increase from the previous quarter, with total deposits rising by $27 million, or 1.3% [22][24]. Non-Interest Income and Expenses - Total non-interest income increased by $662 thousand, or 6.7%, primarily due to gains on investment securities and increased fee income [18][19]. - Non-interest expenses were relatively flat, with a slight increase of 0.5% quarter-over-quarter, totaling $21.7 million [20][21]. Asset Quality - Non-performing loans decreased to $55.1 million, with the ratio of non-performing loans to total loans decreasing to 2.50% [26][27]. - Net charge-offs increased to $3.5 million, or 0.16% of total average loans, compared to 0.09% in the previous quarter [27][28]. Strategic Outlook - The company aims to leverage its consistent organic growth and strategic acquisitions to capitalize on market disruptions in 2026 [6].

Financial Performance - Meridian Corporation reported a net income of $7.2 million for Q4 2025, an increase of $527 thousand or 7.9% from the previous quarter[2]. - Diluted earnings per share for Q4 2025 were $0.61, up from $0.58 in Q3 2025 and $0.49 in Q4 2024[5]. - Pre-provision net revenue (PPNR) for Q4 2025 was $12.6 million, an improvement of $1.4 million or 13% year-over-year[5]. - Net income for the three months ended December 31, 2025, was $7,186 million, an increase of 8% from $6,659 million in the previous quarter[31]. - Basic earnings per common share rose to $0.62, up from $0.59 in the prior quarter, reflecting a 5% increase[33]. - Total interest income for the quarter was $42,826 million, compared to $43,109 million in the previous quarter, a decrease of 1%[33]. - Net interest income after provision for credit losses was $20,340 million, slightly up from $20,266 million in the previous quarter[33]. - Non-interest income totaled $10,615 million, an increase from $9,953 million in the previous quarter, representing a growth of 7%[33]. - The efficiency ratio improved to 63.25%, down from 65.15% in the previous quarter, indicating better cost management[31]. - Return on average assets increased to 1.10%, up from 1.04% in the previous quarter[31]. Asset and Equity Growth - Total assets increased to $2.6 billion as of December 31, 2025, compared to $2.5 billion at September 30, 2025, and $2.4 billion at December 31, 2024[5]. - Total stockholders' equity increased by $10.1 million to $198.1 million, driven by net income of $7.2 million and a net increase of $7.5 million from stock issuance[23]. - Total assets increased by $19.3 million, or 0.8%, to $2.6 billion as of December 31, 2025[20]. - Total deposits reached $2,158,128 million, up from $2,131,116 million in the previous quarter, indicating a growth of 1.3%[35]. - Total stockholders' equity (GAAP) reached $198,141,000 as of December 31, 2025, compared to $171,522,000 on December 31, 2024, a growth of 15.5%[43]. - Total assets (GAAP) were $2,560,420,000 as of December 31, 2025, an increase from $2,385,867,000 a year earlier, representing a 7.3% growth[43]. Loan and Deposit Activity - Commercial loans, excluding leases, increased by $35.2 million or 2% from the prior quarter[5]. - Portfolio loans grew by $8.4 million, or 0.4% quarter-over-quarter, driven by increases in commercial & industrial loans and construction loans[21]. - Total deposits increased by $27.0 million, or 1.3% quarter-over-quarter, led by a $21.2 million increase in interest-bearing deposits[22]. - SBA loan income decreased by $146 thousand, with the volume of SBA loans sold down by $4.5 million to $20.8 million for the quarter ended December 31, 2025[17]. Credit Quality and Loss Provisions - The provision for credit losses increased by $437 thousand to $3.3 million in Q4 2025, primarily due to a rise in net charge-offs[15]. - Non-performing loans decreased by $298 thousand to $55.1 million, with the ratio of non-performing loans to total loans decreasing to 2.50%[24]. - Net charge-offs increased to $3.5 million, or 0.16% of total average loans for the quarter ended December 31, 2025[25]. - The ratio of allowance for credit losses to total loans held for investment was 1.00%, slightly down from 1.01% as of September 30, 2025[26]. - Provision for credit losses was $3,287 million for the quarter, an increase from $2,850 million in the previous quarter, reflecting a rise of 15.4%[37]. - The allowance for credit losses (GAAP) as of December 31, 2025, was $21,573,000, an increase from $18,438,000 on December 31, 2024, reflecting a 16.5% rise[42]. Strategic Initiatives - The company has focused on strategic acquisitions in 2025 to leverage market opportunities and enhance growth in 2026[5]. - The wealth management segment generated pre-tax income of $2.3 million, with assets under management growing by 7.8%[4].

Core Viewpoint - Meridian Mining plc has announced updated Mineral Resource Estimates for the Cabaçal and Santa Helena Central deposits, indicating significant resource potential and advancing towards a Definitive Feasibility Study (DFS) expected in Q4 2026 [2][7]. Group 1: Cabaçal Deposit - The updated Measured and Indicated (M&I) resource for Cabaçal is reported at 70.1 million tonnes (Mt) grading 0.6 g/t Au, 0.3% Cu, and 1.3 g/t Ag, totaling 1.3 million ounces (Moz) of Au, 0.5 billion pounds (Blbs) of Cu, and 3.0 Moz of Ag [3][8]. - The resource shows increases of 39.2% for Au, 14.2% for Cu, and 19.3% for Ag compared to the previous estimate [8]. - The Cabaçal deposit's M&I resources total 1.4 Moz Au, 0.6 Blbs Cu, 5.6 Moz Ag, 217.4 million pounds (Mlbs) Zn, and 49.9 Mlbs Pb [8]. Group 2: Santa Helena Central Deposit - The maiden open-pittable resource for Santa Helena Central is reported at 5.3 Mt grading 0.6 g/t Au, 0.4% Cu, 15.5 g/t Ag, 1.9% Zn, and 0.4% Pb, totaling 95.8 thousand ounces (Koz) of Au, 50.4 Mlbs of Cu, 2.6 Moz of Ag, 217.4 Mlbs of Zn, and 49.9 Mlbs of Pb [4][8]. - The resource remains open in all directions, indicating further exploration potential [4][8]. Group 3: Exploration and Development - Meridian has expanded its granted mineral rights across the Cabaçal, Jauru, and Araputanga Greenstone Belts, doubling its exploration portfolio [5]. - The company plans to initiate exploration activities across the Jauru and Araputanga Belts in 2026 while continuing to expand exploration programs along the Cabaçal Belt [5][7]. - The DFS for Cabaçal is on track, with metallurgical studies optimizing recoveries of Au, Cu, and Ag [8][51]. Group 4: Market Context and Commodity Prices - The updated resource estimates are based on CIBC Analyst Consensus Commodity prices of November 2025: Au at USD 3,103/oz, Ag at USD 35.34/oz, and Cu at USD 4.39/lb [6][44]. - The effective date of the Mineral Resource Estimates is December 31, 2025, reflecting current market conditions [32][42].

Core Insights - Cityblock Health and Meridian Health Plan of Illinois have partnered to provide comprehensive, community-based care to 10,000 Medicaid beneficiaries across 17 counties in Illinois [1][2] Group 1: Partnership Overview - Meridian is a leading managed care organization in Illinois and a subsidiary of Centene Corporation [2] - Cityblock Health focuses on value-based healthcare for Medicaid and dually eligible beneficiaries and has been operating in Illinois since 2024 [2] - This partnership marks the fourth regional collaboration between Centene and Cityblock, following previous partnerships in New York, Ohio, and Florida [2] Group 2: Care Model and Services - The partnership aims to enhance clinical and care coordination for Medicaid members by integrating Meridian's primary care services with Cityblock's wrap-around care services [3] - Cityblock's wrap-around model includes 24/7 access to primary and urgent care, behavioral health, social care, clinical pharmacy, care management, and support services [3] - The care model leverages multidisciplinary clinical expertise, advanced technology, and data insights to improve care quality and member experience [4] Group 3: Market Context and Need - Nearly one in four residents in Illinois are enrolled in Medicaid, highlighting the need for improved access to quality care for this population [4] - Cityblock Health serves over 100,000 members and collaborates with various Medicaid health plans and health systems across more than ten states [6]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] - Subscribers benefit from a model account featuring over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Subscription Offer - A two-week free trial is available for new subscribers, allowing them to explore the oil and gas investment opportunities [2]

Group 1: Management Changes - Mr. David Halkyard has been appointed as the Chief Financial Officer (CFO) of the Company effective November 25, 2025 [1] - Ms. Catherine Apthorpe has been appointed as Corporate Secretary following the resignation of Ms. Mariana Bermudez, who left to pursue other business opportunities [1] - The CEO, Mr. Gilbert Clark, expressed confidence in the expanded finance team and welcomed Ms. Apthorpe, highlighting her extensive corporate and legal experience [3] Group 2: Name Change and Corporate Structure - The Company will complete its name change from Meridian Mining UK Societas to Meridian Mining Plc, effective for trading on December 10, 2025, following its conversion to a public limited company [2] - The Company's ISIN has changed to GB00BVPND783 and the CUSIP to G6017H 103, with previous identifiers now inactive [2] Group 3: Project and Financial Highlights - The Cabaçal Gold-Copper Project has a base case after-tax NPV5 of USD 984 million and an IRR of 61.2%, with a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months [4] - The project has a low All-in-Sustaining-Cost of USD 742 per ounce gold equivalent and a production profile of 141,000-ounce gold equivalent over its life [4] - The Cabaçal Mineral Reserve estimate consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper, and 1.64g/t silver [5] Group 4: Exploration and Development Focus - The Company is focused on the development and exploration of the advanced stage Cabaçal VMS gold-copper project and initial resource definition at the Santa Helena asset [6] - There is a regional scale exploration strategy for the Cabaçal VMS belt and exploration in the Jaurú & Araputanga Greenstone belts, all located in the State of Mato Grosso, Brazil [6]