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].

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]

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 ...

(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 ...

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 ...

Company Overview - Abony Acquisition Corp. I is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [2] - The company intends to focus on businesses with an aggregate enterprise value of approximately $750 million to $1.5 billion or more, particularly in the defense technology, advanced computing, software, and media sectors [2] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit, with trading expected to commence on February 19, 2026 [1] - Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share [1] - The offering is expected to close on February 20, 2026, subject to customary closing conditions [1] Underwriting and Registration - BTIG, LLC is acting as the sole book-running manager for the offering, and the company has granted underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments [3] - A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on January 30, 2026 [4]

Core Insights - Tenaris S.A. reported its financial results for the fourth quarter and full year of 2025, showing resilience in sales despite challenging market conditions [2][3]. Financial Performance - In Q4 2025, net sales reached $2,995 million, a 1% increase from Q3 2025 and a 5% increase from Q4 2024 [3]. - Operating income for Q4 2025 was $554 million, down 7% from Q3 2025 and down 1% from Q4 2024 [3]. - Net income for Q4 2025 was $461 million, a 2% increase from Q3 2025 but an 11% decrease from Q4 2024 [3]. - The company reported EBITDA of $717 million in Q4 2025, reflecting a 5% decrease from Q3 2025 and a 1% decrease from Q4 2024 [3]. Cash Flow and Liquidity - Free cash flow for Q4 2025 was $665 million, with a net cash position of $3.3 billion as of December 31, 2025 [4][19]. - Cash generated from operating activities in Q4 2025 was $787 million, significantly higher than $318 million in Q3 2025 [18]. Market Background and Outlook - The oil and gas sector is experiencing volatility, but companies are optimistic about long-term demand and investment plans [5]. - Drilling activity in the U.S. and Canada is expected to remain stable, while no major changes are anticipated in other regions [5][6]. Dividend Proposal - The board of directors plans to propose a dividend of $0.89 per share, totaling approximately $900 million, subject to shareholder approval [7]. Segment Performance - In the Tubes segment, net sales for Q4 2025 were $2,839 million, a 1% decrease from Q3 2025 but a 5% increase year-on-year [8]. - Seamless pipe sales volume in Q4 2025 was 776 thousand metric tons, a 1% decrease from Q3 2025 but a 4% increase from Q4 2024 [8]. - The Others segment saw a 51% increase in net sales sequentially, driven by resumed fracking and coiled tubing services in Argentina [12]. Annual Results - For the full year 2025, net sales totaled $11,981 million, a 4% decrease from 2024 [20]. - Operating income for 2025 was $2,283 million, down 6% from 2024 [20]. - The Tubes segment reported net sales of $11,400 million for 2025, a 4% decrease from 2024 [22].

Core Insights - The FCC has unanimously adopted a Report and Order to expand the 900 MHz band for broadband deployment from 6 MHz to 10 MHz, which is expected to unlock significant opportunities for Anterix and its partners [1][2][3] Group 1: FCC Decision and Implications - The decision is a result of a joint petition by Anterix and a coalition of energy and technology organizations, aiming to enhance the 900 MHz broadband segment [2] - The FCC's action is anticipated to stimulate the American economy by fostering innovation in utilities and critical infrastructure sectors [3] - Anterix's Chief Regulatory and Corporate Communications Officer emphasized the importance of modern private broadband communications and the finite nature of high-quality, low-band spectrum [3] Group 2: Future Opportunities and Industry Impact - The expansion to 10 MHz is viewed as a significant advancement for mission-critical communications across various sectors, positioning the 900 MHz band as a gold standard for private connectivity [4] - Anterix's President & CEO highlighted that this spectrum expansion marks a new era for critical connectivity, enhancing operational sovereignty for industries that require reliable communications [4] - The company is focused on leveraging this unique spectrum to support digital transformation and resilience in critical infrastructure [6]

Core Viewpoint - Firan Technology Group Corporation (FTG) reported strong financial results for the full year and fourth quarter of 2025, highlighting significant growth in revenue, bookings, and adjusted net earnings, while also emphasizing strategic investments and operational progress in its defense and aerospace segments [1][4][13]. Full Year Financial Highlights - Bookings reached $209.9 million in 2025, a 14% increase from 2024 [6]. - Revenue for the year was $191.0 million, representing an 18% increase over 2024 [6]. - Adjusted EBITDA was $32.7 million, up 27% from $25.8 million in 2024 [6]. - Adjusted net earnings increased by 31% to $13.5 million in 2025 [6]. - Operating cash flow less lease payments was $13.7 million [6]. - Net debt stood at $8.3 million, or 0.3 times trailing 12 months EBITDA [6]. Fourth Quarter Financial Highlights - Revenue for Q4 2025 was $51.7 million, a 14.2% increase compared to Q4 2024 [6]. - Gross margin improved to 30.5%, up 220 basis points from 28.3% in Q4 2024 [6]. - Adjusted EBITDA for the quarter was $7.9 million, slightly up from $7.6 million in Q4 2024 [6]. - Adjusted net earnings decreased by $0.2 million to $3.7 million due to increased intangible amortization and unfavorable foreign exchange losses [6]. Business Highlights - FTG continued organic growth while integrating the FLYHT acquisition, focusing on capital investments to enhance shareholder returns [4]. - The defense business saw growth with FTG Circuits qualifying for two significant classified defense programs, with deliveries expected to start in 2026 [7]. - FTG ramped up deliveries for the C919, China's first domestic single-aisle passenger jet, and completed initial deliveries for the De Havilland Canadair 515 aerial firefighting aircraft [7]. - The FLYHT acquisition led to obtaining Supplemental Type Certificates for AFIRS Edge+™ for various aircraft models, with the transition to in-house production underway [7]. - The leadership team was strengthened with new appointments, including a CFO and EVPs for Circuits and Aerospace segments [7].

VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce it has been recognized as one of the top-performing companies on the TSX Venture Exchange (“TSXV”) for 2025 and has earned a place on the 2026 TSX Venture 50™ list (President and CEO Cathy Zhai’s presentation for TSX Venture 50™ at: https://monumentmining.com/videos/). Cathy Zhai, President and CEO of Monument, commented: “We are proud to be h ...