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Taseko Announces Strong Fourth Quarter Financial Results and Commencement of Copper Production at Florence Copper
Globenewswire· 2026-02-18 22:18
Core Insights - Taseko Mines Limited reported a full year 2025 Adjusted EBITDA of $230 million and revenues of $673 million from the sale of 99 million pounds of copper and 1.9 million pounds of molybdenum, despite a net loss of $30 million for the year [3][11][12] Financial Performance - For Q4 2025, Adjusted EBITDA was $116 million, with cash flow from operations at $101 million, and a net income of $4 million [4][15] - Annual revenues increased to $672.9 million in 2025, up from $608.1 million in 2024, driven by higher copper sales [11][12] - The average realized copper price for Taseko was $4.61 per pound in 2025, contributing to strong revenue growth [11] Production Metrics - Gibraltar produced 31 million pounds of copper in Q4 2025 at a total operating cost (C1) of $2.47 per pound, with annual production totaling 98 million pounds at a similar cost of $2.66 per pound [5][25] - Molybdenum production increased to 1.9 million pounds in 2025, up from 1.4 million pounds in 2024, benefiting from higher grades and recoveries [23][25] - The Florence Copper project commenced copper cathode production in February 2026, with a target of 30 to 35 million pounds of copper in 2026 [6][39] Operational Developments - The Connector pit at Gibraltar is expected to remain the primary source of mill feed for the next three years, with total copper production projected between 110 to 115 million pounds in 2026 [34][36] - The Florence Copper SX/EW plant is fully operational, and wellfield expansion is underway to support increased production [6][39][40] - Construction of the Florence Copper facility was completed on time and within budget at $275 million, with no lost time injuries reported during the project [11][38] Strategic Initiatives - Taseko is focused on growing its project pipeline in North America, with significant milestones achieved in the Yellowhead and New Prosperity projects [8][43][46] - The Yellowhead project is projected to produce 4.4 billion pounds of copper over a 25-year mine life at an average C1 cost of $1.90 per pound [43][44] - The New Prosperity project reached a historic agreement with the Tŝilhqot'in Nation, providing a framework for future development [46][54]
Acadian Timber Corp. Announces Appointment of Malcolm Cockwell as Interim President & CEO
Globenewswire· 2026-02-18 22:05
Group 1 - Acadian Timber Corp. has appointed Malcolm Cockwell as Interim President & CEO, succeeding Adam Sheparski who has stepped down to pursue other opportunities [1][2] - The company will continue to focus on operational excellence within its existing timberland assets located in New Brunswick and Maine [2] - Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land [3] Group 2 - Acadian owns and manages about 775,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres in Maine, in addition to providing timber services for around 1.3 million acres of Crown licensed timberlands in New Brunswick [3] - The primary business of Acadian includes forest management and the production of timber products such as softwood and hardwood sawlogs, pulpwood, and biomass by-products, serving approximately 85 regional customers [3] - The company's business strategy aims to maximize cash flows from existing timberland assets through sustainable forest management while also pursuing growth through asset acquisition and active management [4]
Equinox Gold Announces Inaugural Quarterly Cash Dividend of US$0.015 per Common Share and Application for Normal Course Issuer Bid
Globenewswire· 2026-02-18 22:01
VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that its Board of Directors (“Board”) has declared an inaugural quarterly cash dividend of US$0.015 per common share (“Share”) of the Company, which is payable on March 26, 2026 to shareholders of record as at the close of business on the record date of March 12, 2026. The Board has also approved a dividend policy under which the Company in ...
Alamos Gold Increases Dividend by 60% to an Annual Rate of $0.16 Per Share
Globenewswire· 2026-02-18 22:00
All amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is pleased to announce that the Company’s Board of Directors has authorized a 60% increase to its quarterly dividend to US$0.04 per common share. The increase is supported by the Company’s strong outlook and growing free cash flow, including generating record free cash flow of $352 million in 2025. The Company expects increasing free c ...
Kinross reports 2025 fourth-quarter and full-year results 
Globenewswire· 2026-02-18 22:00
Core Insights - Kinross Gold Corporation reported strong financial results for Q4 and full-year 2025, achieving record free cash flow of $2.5 billion, an 85% increase year-over-year, and a net cash position of $1 billion [4][8][21]. Financial Performance - Q4 2025 revenue reached $2,023 million, up from $1,416 million in Q4 2024, while full-year revenue increased to $7,051 million from $5,149 million, marking a 37% year-over-year growth [11]. - Reported net earnings for Q4 2025 were $906.5 million, or $0.75 per share, compared to $275.6 million, or $0.22 per share, in Q4 2024. Full-year net earnings were $2,390.1 million, or $1.96 per share, compared to $948.8 million, or $0.77 per share, in 2024 [21][22]. - Attributable free cash flow for Q4 2025 was $769.4 million, up from $434.4 million in Q4 2024, and for the full year, it was $2,473.5 million compared to $1,340.2 million in 2024 [20]. Production and Costs - Kinross produced 483,582 gold equivalent ounces in Q4 2025, down from 501,209 ounces in Q4 2024, and 2,012,106 ounces for the full year, compared to 2,128,052 ounces in 2024 [9][10]. - The average realized gold price in Q4 2025 was $4,144 per ounce, significantly higher than $2,663 per ounce in Q4 2024. For the full year, the average price was $3,423 compared to $2,393 in 2024 [10][11]. - Production cost of sales per gold equivalent ounce sold was $1,297 in Q4 2025, up from $1,098 in Q4 2024, and $1,140 for the full year, compared to $1,020 in 2024 [12][13]. Capital Expenditures and Shareholder Returns - Capital expenditures for Q4 2025 were $368.2 million, compared to $280.7 million in Q4 2024, and for the full year, they were $1,194.2 million, up from $1,075.5 million in 2024 [23][24]. - The company returned $752.4 million to shareholders in 2025 through share buybacks and dividends, including a 17% increase in dividends during the year [27][29]. Future Guidance - Kinross expects to maintain stable production guidance of approximately 2.0 million attributable gold equivalent ounces for 2026, 2027, and 2028 [50][51]. - The attributable production cost of sales is projected to be $1,360 per ounce for 2026, reflecting an increase due to higher gold prices and inflationary impacts [52][53]. Development Projects - The company is advancing three U.S.-based projects—Phase X, Curlew, and Redbird—which are expected to contribute over $4 billion in net asset value and extend mine lives [5][38]. - At Great Bear, surface construction for the Advanced Exploration program is 80% complete, with detailed engineering for the Main Project approximately 35% complete [42][46]. Sustainability and Community Engagement - Kinross made significant progress in sustainability initiatives, achieving a 1.5% reduction in greenhouse gas emissions through various projects [65]. - The company has been recognized for its community engagement efforts, including social investment programs in various regions [66].
Hecate Energy Advances Growth Strategy with Sale of up to 2-Gigawatt Cereza Solar and Storage Project
Globenewswire· 2026-02-18 22:00
Core Insights - Hecate Energy Group LLC has successfully closed the sale of its Cereza solar and storage project, which has a capacity of up to 2,000 MW, to Savion, aligning with its strategy to develop and monetize large-scale energy campuses [1][9] - The sale reinforces Hecate's track record of over 12 GW of projects sold and contributes to a revenue backlog exceeding $686 million, showcasing the company's development capabilities and market leadership [2][4] Company Overview - Hecate Energy, headquartered in Chicago, is a prominent U.S. developer of utility-scale energy parks, with a diversified portfolio that includes solar, battery storage, wind, and thermal generation [5] - Since its inception in 2012, the company has developed over 5 GW of projects to construction or operations and has sold more than 12 GW of power plant and storage projects [5][6] Project Development - Hecate secured rights to develop the Cereza project in 2024, which is a utility-scale solar and storage facility located at the Department of Energy's Hanford Site [3] - The sale of the Cereza project highlights Hecate's expertise in executing large, complex energy park projects and its technology-agnostic approach, catering to industrial and data center customers [4] Financial Performance - The transaction adds to Hecate's portfolio of sold projects, now exceeding 12 GW, and enhances its revenue backlog, which reflects the scale and quality of its development pipeline [4] - Hecate has established over 50 power purchase agreements (PPAs) and similar contracts exceeding 6 GW of capacity, indicating strong market demand for its projects [6] Future Prospects - Hecate is in the process of a business combination with EGH Acquisition Corp., which will result in Hecate becoming a public company listed on Nasdaq under the ticker symbol "HCTE" [7]
Allied Gold Announces Preliminary Q4 2025 Operating Results, 2026 Guidance and MRMR Update; Special Meeting Set for March 31
Globenewswire· 2026-02-18 22:00
TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) (“Allied” or the “Company”) herein provides its preliminary operating results for the quarter and year ended December 31, 2025, alongside the Company’s 2026 operating guidance and updates to its Mineral Reserves and Mineral Resources. The Company produced 117,004 ounces of gold in the fourth quarter and 379,081 ounces for the full-year 2025. Performance was in line with expectations and operating plans, exceeding Q4 g ...
Kinross announces 14% annual increase to cash dividend and declares Q4 dividend
Globenewswire· 2026-02-18 22:00
(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) (the “Company”) is pleased to announce that the Company’s Board of Directors has approved a 14% increase to its longstanding dividend, which will amount to $0.16 per share on an annualized basis. This is in addition to the dividend increase announced in November 2025, representing a total increase of 33% since Q3 2025. The Board of Directors has ...
Vortex Energy Announces Postponement of AGM
Globenewswire· 2026-02-18 22:00
VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) (“Vortex” or the “Company”) announces that, due to the absence of quorum at its February 13, 2026, Annual General Meeting (AGM), the holding of the AGM has been postponed. The Company will issue a news release once a new date and other details regarding the AGM have been determined. About Vortex Energy Corp. Vortex Energy Corp. is an exploration stage company engaged principally in the acq ...
Abony Acquisition Corp. I Announces Pricing of $200 Million Initial Public Offering
Globenewswire· 2026-02-18 21:53
AUSTIN, TX, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Abony Acquisition Corp. I (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to commence trading on February 19, 2026 on the Global Market tier of The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “AACOU.” Each unit sold in the offering consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to ...