VANCOUVER, BC / ACCESS Newswire / February 27, 2026 / Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) ("Torq" or the "Company") announces that it, together with Gold Fields Pedernales Limitada, ("Gold Fields"), a Chilean affiliate of Gold Fields Limited is advancing the planning and preparation for a 2026 drill program to commence in Chilean springtime (late summer in North America). Gold Fields has an option to earn into the Santa Cecilia project by funding a USD$48 million exploration option for a 75% indire ...

Core Viewpoint - OR Royalties Inc. has entered into a definitive agreement to acquire a portfolio of precious metals assets from Gold Fields Limited for a total consideration of $115 million, which includes a 1.5% net smelter return royalty on the San Gabriel gold and silver mine in Peru, expected to enhance the company's gold equivalent ounce deliveries and cash flow [1][3][8]. Transaction Highlights - The acquisition includes eight royalties, with immediate contributions to expected gold equivalent ounces (GEOs) and cash flow from the San Gabriel mine, which began production in December 2025 [3][8]. - The transaction is projected to increase OR Royalties' GEO delivery range to 80,000 - 90,000 in 2026 and 120,000 - 135,000 by 2030, representing approximately 50% growth without requiring contingent capital [3][4]. - The portfolio also includes royalties on development and exploration projects in Tier-1 mining jurisdictions, maintaining a focus on precious metals [3][4]. Acquired Assets - The San Gabriel mine has Proven and Probable Mineral Reserves of 15.3 million tonnes at average grades of 3.71 g/t gold and 6.32 g/t silver, supporting a mine life of 14.6 years [3][4]. - Buenaventura's production guidance for San Gabriel includes 48-55 thousand ounces of gold in 2026, increasing to 95-110 thousand ounces from 2028 onwards [3][4]. - The portfolio features a 2.0% NSR royalty on Torque Metals' Paris project in Australia and a 2.5% NPI royalty on Freeport and Amarc's JOY district exploration project in British Columbia, enhancing exposure to promising development assets [3][4][7]. Additional Considerations - OR Royalties will pay Gold Fields an additional $52 million for deferred payment obligations totaling $60 million related to Galiano's Nkran project, with specific payment milestones tied to gold production [5][6][8]. - The acquisition strengthens OR Royalties' position in the JOY district, complementing existing royalty assets and providing rights to future opportunities in high-grade discoveries [3][4][8].

Group 1: Company Overview - Canaccord Genuity initiated coverage on AngloGold Ashanti Limited (NYSE:AU) with a "Buy" rating on February 9, 2026, when AU's stock price was $103.95 [1] - AU's market capitalization is approximately $52.48 billion, with a trading volume of 2,730,167 shares [4] Group 2: Market Conditions - Gold prices have recently rebounded, closing above $5,000 per ounce, driven by geopolitical tensions, a weaker U.S. dollar, and increased demand [2] - The rise in gold prices is nearly 15% year to date, benefiting gold mining companies like AU and Gold Fields Limited [2] Group 3: Stock Performance - AU's stock price has increased by $5.36, a 5.44% rise, reflecting positive sentiment in the gold market [3][6] - Over the past year, AU's stock reached a high of $115.81 and a low of $28.45, indicating significant volatility [3] Group 4: Investment Outlook - The increase in gold prices is supported by central bank purchases, supply constraints, and rising industrial demand, creating optimism for gold miners like AU [4] - Investing in gold mining stocks with a favorable Zacks Rank is considered prudent, given the current market conditions and the positive outlook for gold miners [5]

Core Viewpoint - Harvest Gold Corporation has issued a total of 2,250,000 common shares at a deemed price of $0.06 per share as part of mineral property option agreements for the Mosseau and Urban Barry properties, alongside a cash payment of $100,000 to Vior Inc. [1] Group 1: Property Details - The Mosseau property consists of 147 claims covering 7,265.88 hectares (72.66 km²) and features a 17.7 km long gold-bearing structure [2] - The Urban Barry property is located in the Ralleau and Wilson townships within the Eeyou Istchee James Bay/Abitibi region of Quebec [2] Group 2: Company Overview - Harvest Gold is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions, with a management team that has over 400 years of collective geological and financing experience [3] - The company has three active gold projects in the Urban Barry area, totaling 377 claims that cover 20,016.87 hectares, situated approximately 45-70 km west of Gold Fields Limited's Windfall Deposit [4] - The three properties, Mosseau, Urban-Barry, and LaBelle, collectively cover over 50 km of favorable strike along mineralized shear zones [5]

Core Insights - Falco Resources Ltd. has initiated an update of the feasibility study for its Horne 5 Project, expected to be completed in Q2 2026, reflecting significant changes in commodity prices since the 2021 Feasibility Study [1] - The updated study aims to capture the current long-term commodity pricing environment, which is anticipated to enhance the economic returns of the Horne 5 Project [2] - The Horne 5 Project is one of Canada's largest primary gold projects, expected to produce over 220,000 ounces of gold annually over a 15-year life of mine, with significant outputs of copper and zinc [2][4] Company Overview - Falco is one of the largest mineral claim holders in Québec, with rights to approximately 63,000 hectares in the Noranda Camp, representing 63% of the camp [4] - The Horne 5 Project is located beneath the former Horne mine, which historically produced 11.6 million ounces of gold and 2.5 billion pounds of copper [4] - Osisko Development Corp. is the largest shareholder of Falco, holding approximately 16% of the Corporation [4]

Core Viewpoint - Latin Metals Inc. announces the termination of its option agreement with AngloGold Argentina Exploraciones S.A. for the Organullo project, effective January 27, 2026, due to a shift in AngloGold's global exploration strategy [1][2]. Group 1: Project Details - The Organullo project remains 100%-owned by Latin Metals and is fully drill-permitted, with multiple untested targets for high-sulphidation gold and porphyry copper-gold mineralization [2]. - AngloGold had invested approximately US $3.3 million in exploration and permitting activities during the option period [3]. - The project includes advanced argillic alteration zones extending along a 6 km strike length, with strong potential for a significant gold discovery supported by various geological data [2][3]. Group 2: Market Context - Gold prices have significantly increased, exceeding US $4,000 per ounce in 2025, compared to US $1,800 per ounce in 2022 when the option agreement was signed, enhancing the attractiveness of the Organullo project [2]. - The geological setting of Organullo has been compared to Salares Norte in Chile, a high-grade gold deposit, indicating potential for a multi-million-ounce discovery [2][4]. Group 3: Company Strategy - Latin Metals operates under a prospect generator model, minimizing risk and dilution while maximizing discovery potential across its 18 projects in Peru and Argentina [6]. - The company aims to secure new partners to advance the Organullo project following AngloGold's withdrawal, leveraging the improved market conditions for gold [2].

Summary of Tesoro Gold Ltd. Conference Call Company Overview - **Company**: Tesoro Gold Ltd. - **Project**: El Zorro Gold Project located in Chile - **Market Symbols**: OTCQB: TESORF, ASX: TSO - **Current Status**: Single-asset company developing a significant gold deposit Key Points and Arguments 1. **Project Scale and Resource Update**: - The El Zorro Gold Project hosts one of the largest undeveloped gold deposits in Chile, with an updated mineral resource of 2 million ounces at 1.07 grams per ton gold, or 1.82 million ounces at 1.1 grams constrained within a $3,000 per ounce pit [2][3][9] 2. **Technical and Economic Viability**: - A recent scoping study indicates a technically simple and economically robust project, with a post-tax NPV of $663 million at a gold price of $2,750 per ounce [5][10] - The all-in sustaining cost is projected to be around $1,200 per ounce, with a modest upfront capital requirement of just under $250 million [11][12] 3. **Strategic Location**: - The project is situated in a coastal location with access to essential infrastructure such as power, water, and workforce within 25 kilometers [3][8] - The average elevation of the project is around 650 meters, with a desalination plant located 20 kilometers away for water supply [18] 4. **Shareholder Support**: - Gold Fields Limited, a major gold producer, holds approximately 50% of the company's issued capital and has invested over $14 million in the project [6][21] - Institutional investors have shown strong interest, with the company recently raising $34 million Australian from institutional investors [5] 5. **Future Development Plans**: - The company is moving towards a pre-feasibility study, expected to be completed by April 2026, which will enable the announcement of the first ore reserve [12][13] - An aggressive exploration campaign is planned across the El Zorro district, with up to 11,000 meters of drilling to discover additional deposits [14][15] 6. **Market Conditions and M&A Potential**: - The current gold price environment is favorable, with potential for increased M&A activity in the sector [20] - The company remains open to M&A opportunities, particularly given the interest from Gold Fields Limited [19][20] Additional Important Information - **Metallurgy**: The deposit exhibits high metallurgy with over 94% gold recovery at a coarse grind size of 125 microns, indicating efficient processing capabilities [4][16] - **Environmental Considerations**: The project is in a well-established mining region, with a straightforward permitting process that has seen over $100 billion in mining projects permitted in Chile in the last two years [13] - **Exploration Targets**: The company is actively exploring high-priority targets within its concession holding, with the potential for significant resource growth [14][15] Conclusion - Tesoro Gold Ltd. is positioned for significant growth with its El Zorro Gold Project, backed by strong shareholder support and a clear development pathway towards production. The upcoming months are expected to be critical for advancing the project and exploring additional gold deposits.

Core Insights - Harvest Gold Corporation is advancing its drill program at the Mosseau property in Quebec's Abitibi region, with a focus on gold exploration [1][2] - The confirmation of the Kiask River Corridor's extension into the LaBelle property is a significant development for the company's regional exploration model [2][6] - The company has completed 11 drill holes totaling 2,191 meters, targeting areas with historical gold mineralization potential [3][4] Drilling Update - The ongoing drill program has transitioned to the central part of the Mosseau property, where additional priority targets have been identified [4] - Assay results from the initial drill holes are expected in the coming weeks, as samples are sent to the lab upon completion of logging [3] Airborne Magnetic Survey - A high-resolution magnetic survey has confirmed the extension of the magnetic domain hosting the Kiask River Corridor into the LaBelle property, tracing 31 km in a northwest-southeast direction with a width of up to 2.3 km [5][6] - The survey results provide new high-priority exploration targets for follow-up activities [6] Future Plans - The company is planning a fall exploration program that will include soil sampling and prospecting to refine drill targets based on recent survey results [6] Company Overview - Harvest Gold is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions, with a management team possessing over 400 years of collective geological and financing experience [7] - The company has three active gold projects in the Urban Barry area, covering a total of 20,016.87 hectares [8][9]

Core Viewpoint - Vox Royalty Corp has announced the acquisition of a global gold portfolio consisting of ten gold offtake and royalty assets for a total upfront cash consideration of $57.5 million, which is expected to significantly enhance its revenue and asset base [2][3][5]. Financial Impact - The transaction is projected to increase revenue per share by approximately 115% and cash flow per share, with expected revenue growth of about 200% for the three months ended June 2025 and 150% for the trailing four quarters [5][3]. - The acquired portfolio generated over $16 million in gold cash flow over the trailing four quarters, with an annualized run-rate gold cash flow exceeding $20 million based on Q2-2025 figures [3][5]. Portfolio Details - The portfolio includes eight gold offtake contracts and two gold royalties across various jurisdictions, including Australia, Brazil, Canada, Côte d'Ivoire, Mali, Mexico, South Africa, and the United States [7][8]. - The assets are operated by medium to large-cap operators, enhancing the portfolio's stability and growth potential [8]. Growth Potential - The average margin per ounce realized on the acquired assets increased from $23.10/oz in the first half of 2022 to $63.10/oz in the first half of 2025, reflecting a growth of approximately 170% [5]. - The ounces delivered by the portfolio increased by approximately 30%, from 111,000 ounces to 144,000 ounces during the same period [5]. Funding Strategy - The acquisition will be funded through a concurrent overnight marketed offering of common shares expected to raise up to $55 million and an upsized revolving credit facility of $40 million with Bank of Montreal [11][16]. - The credit facility includes an accordion feature allowing for an additional $35 million, providing a total funding capacity of $75 million [16][18]. Strategic Alignment - The transaction aligns with Vox's strategy of acquiring high-quality legacy assets with long-term optionality, aiming to enhance its position in the gold sector and potentially qualify for inclusion in precious metal-based indexes like the GDXJ [3][8].

Group 1 - The article emphasizes the importance of identifying undervalued stocks with a focus on balancing risk and reward, suggesting that the best investment ideas are often the simplest ones [1] - It highlights a contrarian investment approach, indicating that seeking out opportunities that go against prevailing market trends can yield better results [1] Group 2 - There is no mention of any specific companies or stocks in the article, nor any positions held by the analyst, indicating a neutral stance on specific investments [2] - The article does not provide any investment recommendations or advice, reinforcing the idea that past performance does not guarantee future results [3]