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Eldorado Gold Delivers Strong 2025 Full Year and Fourth Quarter Financial and Operational Results; Significant Free Cash Flow Excluding Skouries and Increased Cash Generated From Operating Activities
Globenewswire· 2026-02-19 22:00
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the "Company”) today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2025. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) filed on SEDAR+ at www.sedarplus.com under the Company’s profile. Q4 2025 and ...
Brixton Metals Corporation Announces Share Consolidation
Globenewswire· 2026-02-17 12:30
Core Viewpoint - Brixton Metals Corporation has announced a consolidation of its common shares, with a ratio of one post-consolidation share for every ten pre-consolidation shares, following shareholder approval [1][2]. Group 1: Share Consolidation Details - The consolidation was approved at the Annual General and Special Meeting of Shareholders held on February 4, 2026 [2]. - Post-consolidation shares will begin trading on the TSX Venture Exchange on February 20, 2026, under the existing symbol "BBB" [2]. - After the consolidation, Brixton will have approximately 71,323,542 common shares issued and outstanding [3]. Group 2: Fractional Shares and Shareholder Instructions - No fractional shares will be issued; fractional interests less than 0.5 will be rounded down, while those 0.5 or greater will be rounded up [3]. - The Company's transfer agent, TSX Trust Company, will send a letter of transmittal to registered shareholders with instructions for exchanging pre-consolidation share certificates [4]. Group 3: Company Overview - Brixton Metals is a Canadian exploration company focused on advancing its mining projects, including the flagship Thorn copper-gold-silver-molybdenum Project and other projects in the USA and Canada [5].
Eldorado Gold Closes $2.4 Million Strategic Investment in Gemdale Gold
Accessnewswire· 2026-02-13 16:45
VANCOUVER, BC / ACCESS Newswire / February 13, 2026 / Gemdale Gold Inc. (TSXV:GEMG) ("Gemdale Gold" or the "Company") is pleased to announce the closing of a strategic investment by Eldorado Gold Corporation ("Eldorado") by way of a non-brokered private placement (the "Offering"). The Offering consisted of the issuance of 2,000,000 units of the Company (the "Units") at a price of C$1.20 per Unit for aggregate gross proceeds of C$2,400,000. ...
Brixton Metals Defines New Exploration Targets at Thorn Through Geochemical Sampling
Globenewswire· 2026-02-06 12:30
Core Insights - Brixton Metals Corporation has announced significant results from its exploration activities at the Thorn Project, including new mineralization targets identified through soil and rock sampling [1][5][7] - The company is set to drill all four of its projects in 2026, marking a milestone for Brixton [3][24][25] - A ten-for-one share consolidation has been approved, which will result in a new share count of approximately 71.3 million shares outstanding [5][27][28] Exploration and Sampling Results - The soil and rock sampling program at the Thorn Project identified multiple new exploration targets, including the Cirque East Target with assays showing up to 2.16% copper and 39 g/t silver [5][9] - The 95th South Target revealed high-grade silver mineralization with assays returning up to 642 g/t silver, 1.47% copper, 3.56% lead, and 1.97% zinc [5][13] - A total of 770 soil samples and 195 rock samples were collected during the 2025 exploration season, leading to the identification of several new porphyry exploration targets [7][8] Drilling Activities - Drilling at the Thorn Project in 2025 included 3,223 meters at Camp Creek and 6,272 meters at Trapper, with results from these drillholes being presented in the news release [7][16][17] - The Camp Creek Corridor is noted for hosting multiple centers of porphyry-style mineralization, with ongoing work aimed at refining field results for potential drilling in 2026 [8][10] - The Trapper Gold Target showed gold mineralization associated with silver and base metals, with drilling comprising 6,272 meters across 30 holes [16] Corporate Developments - The Annual General and Special Meeting held on February 4, 2026, resulted in the election of new directors and the re-election of incumbent directors [27] - The company is actively drilling at its Langis Silver Project, with 3,000 meters completed in 2026 and assay results pending [24] - Brixton's Hog Heaven and Atlin Goldfields Projects are also under drilling agreements, with plans to commence drilling in May 2026 [25]
Eldorado Gold Corporation (ELD:CA) M&A Call Transcript
Seeking Alpha· 2026-02-02 16:00
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Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend Probe Gold Shareholders Vote FOR the Proposed Plan of Arrangement with Fresnillo
Globenewswire· 2025-12-31 11:30
Core Viewpoint - Probe Gold Inc. is set to undergo a significant transaction where Fresnillo plc will acquire all outstanding common shares of Probe for C$3.65 per share, totaling approximately C$780 million, with independent proxy advisory firms recommending shareholders vote in favor of the arrangement [1][2][4]. Transaction Details - The cash consideration of C$3.65 per share represents a 39% premium over the closing price on October 30, 2025, and a 26% premium based on the volume-weighted average price over the preceding 20 trading days [2]. - The transaction is expected to close in Q1 2026, pending the approval of the Arrangement Resolution and other conditions outlined in the arrangement agreement [3]. Advisory Recommendations - Institutional Shareholder Services Inc. (ISS) stated that the arrangement is strategically sound, providing immediate value and certainty to shareholders, with a positive market reaction [4]. - Glass Lewis concluded that the transaction offers reasonable financial terms, representing an attractive opportunity for shareholders to realize fair value and full liquidity [4]. Board of Directors' Position - The Board of Directors unanimously recommends that shareholders vote in favor of the Arrangement Resolution, deeming the transaction to be in the best interests of the Company [5]. Shareholder Meeting Information - A special meeting for shareholders to vote on the Arrangement Resolution is scheduled for January 13, 2026, at 11:00 a.m. Toronto time [6]. - Shareholders must vote by proxy by 11:00 a.m. on January 9, 2026, to participate in the meeting [7]. Voting Support Agreements - Directors and officers of Probe, along with Eldorado Gold Corporation, holding approximately 12% of the shares, have entered into voting support agreements to vote in favor of the transaction [8]. Company Overview - Probe Gold Inc. is a Canadian gold exploration company focused on acquiring and developing high-quality gold properties, including the multimillion-ounce Novador Gold Project in Québec [10].
eldorado gold corporation (TSX:ELD) – profile & key information – CanadianValueStocks.com
Canadianvaluestocks· 2025-11-02 05:35
Core Insights - Eldorado Gold Corporation is a mid-tier gold and base-metals producer with diversified operations in Turkey, Canada, and Greece, appealing to a wide range of investors [2][3][43] - The company has shown renewed operational momentum in 2025, supported by revenue growth and a disciplined capital allocation strategy, including buybacks and project investments [2][10] - Eldorado's operational profile includes a mix of conventional gold operations and polymetallic production, which helps in managing costs and enhancing cash flow [6][17] Company Overview - Eldorado Gold Corporation is publicly traded on the Toronto Stock Exchange under the ticker TSX:ELD, with a market capitalization of approximately CAD 5.15 billion [3][9][34] - The company operates key mines such as Kışladağ, Efemçukuru, the Lamaque Complex, and Olympias, utilizing both open-pit and underground production methods [3][5] - The asset mix includes high-grade underground operations and bulk-tonnage open pits, providing a balance of cost and grade exposure [6][18] Financial Performance - Recent net sales are reported in the range of approximately US$1.7–1.8 billion, with net income between US$300–360 million for recent periods [9][11][12] - The company has a P/E ratio of 12.3x for 2025, with a forward P/E estimate near 6.7x for 2026 [11][12] - Eldorado has historically not positioned itself as a high-dividend payer, focusing instead on capital for development spending and share buybacks [11][40] Operational Strategy - The operational strategy emphasizes cost control, commodity diversification, and staged project execution, with by-product credits from polymetallic production helping to reduce effective gold cash costs [17][21] - Key operational features include a focus on production growth initiatives and capital allocation decisions, with regular comparisons to peers like Gold Fields and AngloGold Ashanti [7][10] - The company has a development pipeline that includes projects like Perama Hill and Skouries, which can extend mine life and improve production profiles if permitted and financed [6][22] Market Position - Eldorado's mid-cap scale garners attention from specialized resource funds and analysts tracking the metals sector, with its market position providing exposure to gold with operational diversification [29][33] - The company is often compared to larger gold producers like Barrick Gold and Newmont Corporation, with distinct advantages in its asset mix and production capabilities [31][39] - Index membership on the TSX influences passive fund ownership and visibility among institutional investors [29][30]
Quebec Gold Miner PROBE GOLD INC. (TSX: PRB) Makes TSX Top Gainers List on $780 Million Acquisition News
Investorideas.com· 2025-10-31 16:00
Core Viewpoint - Probe Gold Inc. has made headlines as it enters into a definitive agreement for acquisition by Fresnillo plc, with a total purchase price of approximately C$780 million, leading to a significant increase in its stock price [5][8][9]. Company Overview - Probe Gold Inc. is a prominent Canadian gold exploration company focused on acquiring, exploring, and developing high-potential gold properties. The company owns 100% of its flagship Novador Gold Project and controls a substantial land package of about 1,798 square kilometers in Québec [4]. Acquisition Details - The acquisition agreement stipulates that Probe shareholders will receive C$3.65 per share, representing a 39% premium based on the closing price as of October 30, 2025, and a 26% premium based on the volume-weighted average price over the preceding 20 trading days [8]. - The transaction is expected to close in the first quarter of 2026, pending necessary approvals [9]. Market Reaction - Following the acquisition announcement, Probe Gold's stock surged to C$3.65, marking a gain of 38.78% with a trading volume of 2.4 million shares [5].
Fresnillo to Acquire Probe Gold for C$780 Million
Globenewswire· 2025-10-31 07:00
Cash consideration of C$3.65 per Share represents 39% premium to Probe’s closing price The Board unanimously recommends Probe Shareholders vote in FAVOUR of the Transaction TORONTO, Oct. 31, 2025 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Fresnillo plc (the “Purchaser” or “Fresnillo”) has agreed to acquire all of the issued and outstanding commo ...
Fresnillo to Acquire Probe Gold for C$780 Million
Globenewswire· 2025-10-31 07:00
Core Viewpoint - Probe Gold Inc. has entered into a definitive agreement with Fresnillo plc for the acquisition of all issued and outstanding common shares of Probe, offering a cash consideration of C$3.65 per share, representing a 39% premium over the closing price as of October 30, 2025 [1][6]. Company Overview - Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer, operating eight mines and four advanced exploration projects in Mexico, with additional interests in Peru and Chile [2]. - Probe Gold Inc. is a Canadian gold exploration company focused on acquiring, exploring, and developing gold properties, including the multimillion-ounce Novador Gold Project in Québec [16]. Transaction Highlights - The total purchase price for the transaction is approximately C$780 million, with the cash offer not subject to a financing condition [6][7]. - The transaction is expected to close in Q1 2026, subject to customary approvals [6][13]. Board Recommendations - The Board of Directors of Probe unanimously recommends that shareholders vote in favor of the transaction, citing it as being in the best interests of Probe [6][8]. - Directors and officers of Probe, along with Eldorado Gold Corporation, representing approximately 12% of the shares, have entered into voting support agreements to vote in favor of the transaction [6][11]. Benefits to Shareholders - The transaction offers immediate liquidity and certainty of value for Probe shareholders, while removing future risks related to dilution, commodity prices, and project execution [7]. - Fresnillo's strong financial position, with a market capitalization of approximately US$22 billion and cash on hand of US$1.8 billion as of June 30, 2025, adds credibility to the deal [7]. Fairness Opinions - Canaccord Genuity Corp. and CIBC World Markets Inc. have provided fairness opinions indicating that the consideration for Probe shareholders is fair from a financial perspective [9]. Transaction Details - The transaction will be executed through a statutory plan of arrangement under the Business Corporations Act (Ontario), requiring court approval and a two-thirds majority vote from Probe shareholders [10]. - The Arrangement Agreement includes customary deal protections and a break fee of C$31 million under certain circumstances [12].