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Torex Gold Announces CEO Transition
TMX Newsfile· 2026-02-04 22:30
Core Viewpoint - Torex Gold Resources Inc. announces the retirement of Jody Kuzenko as President and CEO, effective after the Annual and Special Shareholder Meeting on June 17, 2026, with Andrew Snowden set to succeed her [1][2]. Leadership Transition - Jody Kuzenko has served as CEO since 2020 and COO since 2018, expressing confidence in Andrew Snowden's ability to lead the company into its next growth phase [1][2]. - Andrew Snowden, currently CFO since 2021, will be elected to the Board of Directors at the upcoming meeting and has a strong background in mining with 25 years of international experience [3][4]. Company Performance and Strategy - Under Kuzenko's leadership, Torex has stabilized production, delivered the Media Luna project, and established a strong balance sheet with significant free cash flow projected [2][5]. - The company aims to optimize production and costs at the Morelos Complex, pursue disciplined growth, and maintain a focus on responsible mining practices [5]. Future Outlook - Torex is positioned for future growth with a pipeline of exploration assets in Guerrero, Sinaloa, Chihuahua, and Nevada, indicating a commitment to expanding its resource base [2][4]. - The company emphasizes the importance of retaining top industry talent and delivering project excellence as part of its strategic objectives [5].
Metals Acquisition(MTALU) - Prospectus
2026-02-02 22:08
As filed with the U.S. Securities and Exchange Commission on February 2, 2026. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __________________________________ Metals Acquisition Corp. II (Exact name of registrant as specified in its charter) __________________________________ | Cayman Islands | 6770 | N/A | | --- | --- | --- | | (State or other jurisdiction of ...
Torex Gold Provides 2026 Operational Guidance and Updated Five-year Production Outlook
TMX Newsfile· 2026-01-14 23:00
Core Viewpoint - Torex Gold Resources Inc. has provided its operational guidance for 2026, projecting significant increases in production and sales from its Morelos Complex, alongside a robust capital expenditure plan aimed at enhancing production capabilities and exploration efforts [1][3]. Production and Sales Guidance - The company anticipates 2026 production of 420,000 to 470,000 gold equivalent ounces (oz AuEq), with sales projected at 410,000 to 460,000 oz AuEq, representing a notable increase from the 376,586 oz AuEq produced in 2025 [9][10]. - Individual metal production guidance includes 320,000 to 365,000 oz of gold, 2,200 to 2,500 koz of silver, and 60 to 65 million pounds of copper [9][10]. Cost and Capital Expenditure Guidance - All-in sustaining costs (AISC) for 2026 are projected to be between $1,750 and $1,850 per oz AuEq sold, slightly higher than the $1,732 per oz AuEq achieved in the first nine months of 2025 [5][12]. - Total capital expenditures are guided at $285 to $305 million, reflecting a modest increase from the previous year's guidance of $265 to $280 million [7][17]. Exploration and Drilling Plans - The company plans to invest $77 million in exploration and drilling in 2026, the largest investment in its history, with a total of 148,500 meters of drilling planned [21][22]. - Key areas of focus for drilling include the Morelos Property, Los Reyes, and early-stage exploration properties in Nevada and Chihuahua [23][24][25]. Five-Year Production Outlook - The five-year production outlook has been enhanced to include projections through 2030, with consistent production and sales anticipated, driven by ongoing drilling success and the introduction of production from Media Luna North [27][28]. - The company expects a shift in the metal mix post-2026, with increases in silver and copper production and a decrease in gold production [28]. Strategic Objectives - Torex aims to optimize production and costs at Morelos, pursue disciplined growth and capital allocation, and enhance its resource base while maintaining a strong balance sheet [36][37].
Torex Gold Delivers a Strong Close to an Exceptional 2025
TMX Newsfile· 2026-01-08 23:00
Core Viewpoint - Torex Gold Resources Inc. reported strong operational results for Q4 2025, with significant increases in gold equivalent production and sales, reflecting the successful ramp-up of the Media Luna Project and a robust metal price environment [1][3][5]. Operational Results - Q4 2025 gold equivalent payable production reached 115,066 ounces, with sales of 105,946 ounces [1][2]. - Full-year 2025 payable production totaled 376,586 ounces AuEq, with sales of 361,518 ounces AuEq [1][2]. - Average daily ore mined was 7,052 tonnes at Media Luna and 3,175 tonnes at ELG Underground, with processing averaging 10,705 tonnes per day [2][4]. Financial Performance - The average market prices for Q4 2025 were $4,135/oz for gold, $54.73/oz for silver, and $5.03/lb for copper [2]. - The company repurchased 825,769 shares at an average price of C$57 per share and paid a quarterly dividend of C$0.15 per share during 2025 [5]. Future Outlook - The company is positioned to generate significant free cash flow in 2026 and beyond, supporting capital allocation priorities such as exploration and growth projects [5]. - Media Luna is on track to achieve steady-state production of 7,500 tonnes per day by mid-year 2026 [4].
Northern Lights Resources Highlights Gold and Silver United States Portfolio
Thenewswire· 2026-01-08 21:05
Core Viewpoint - Northern Lights Resources Corp. is advancing its strategic assets in the United States, focusing on a royalty interest in Nevada and a 100%-owned gold project in Arizona, aiming to create shareholder value through disciplined exploration and non-dilutive options [1][7]. Group 1: Medicine Springs Project - The company holds a 1% Net Smelter Return (NSR) royalty on the Medicine Springs Project in northeastern Nevada, which is operated by Torex Gold Resources Inc. [1][12] - Historical exploration has identified potential for multiple mineralization styles, including silver, lead, zinc, copper, and gold [2]. - The NSR interest is viewed as a strategic asset that provides long-term optionality and leverage without ongoing capital commitments, aligning with the company's focus on high-quality assets [3]. Group 2: Secret Pass Gold Project - The Secret Pass project, located in the Oatman–Katherine gold district of Arizona, is a cornerstone asset for the company, benefiting from excellent infrastructure and historical gold production [4]. - The company plans to advance the project in 2026 through a focused exploration program, including a comprehensive review of historical datasets and refinement of the geological model [5]. - With rising gold prices and renewed activity in the district, the company believes Secret Pass has significant discovery potential and remains underexplored [6]. Group 3: Future Outlook - Moving into 2026, the company intends to maintain a disciplined exploration approach, focusing on projects with the highest potential for shareholder value creation [7].
Northern Lights Resources Provides Corporate Recap Highlighting Strong Execution Across Key Initiatives
Thenewswire· 2026-01-06 21:00
Core Insights - Northern Lights Resources Corp. has outlined its achievements in 2025 and a positive outlook for 2026, emphasizing a transformative year ahead [1][2] Corporate & Strategic Milestones - In 2025, the company focused on building a strong technical and corporate foundation, advancing its understanding of assets, and positioning for future value-creating catalysts [2] - Key achievements included disciplined exploration, technical validation, and strategic planning [2] Technical Progress Across the Portfolio - The Horetzky Copper Project in British Columbia remained a core focus, with efforts to strengthen technical confidence ahead of future drilling [3] - The Pup Copper-Gold Project in Yukon demonstrated strong exploration potential, representing a high-upside opportunity in an underexplored region [3] Specific Achievements in 2025 - Advanced geological mapping and sampling to better define structural controls and mineralized trends [4] - Strengthened leadership and technical oversight to support data-driven decision-making [5] - Maintained a tight capital structure and disciplined capital allocation to maximize leverage to exploration success [5] - Compiled, digitized, and reinterpreted historical datasets to establish a modern geological framework for future exploration [5] - Completed targeted field programs and surface sampling to refine drill targeting [5] - Advanced permitting and logistical planning to ensure projects are drill-ready [5] Project Pipeline Expansion - The company is evaluating and advancing a pipeline of prospective project opportunities in a disciplined manner aimed at growing shareholder value [7] Outlook for 2026 - The company anticipates 2026 to be focused on execution, catalysts, and value creation, aiming for consistent news flow through exploration milestones and stakeholder engagement [8]
This TSX transportation stock is up 17% this week and analysts see more upside potential
Financialpost· 2025-12-19 22:17
Article contentDesjardins Research put out a fresh list of top picks for the new year. Here’s a look at a few, by sector, and why analysts think they will perform for investors. Consumer staples/discretionary: Desjardins’s top idea is Gildan Activewear Inc. (TSX:GIL). It has a price target on the Montreal company of $95. Shares traded Friday at $87.48. Gildan is on Desjardins’s radar due to the possibility of a greater than 20 per cent compound annual growth rate in the earnings per shares (EPS) over three ...
Fuerte Announces AGM Results and Appointment of Technical Advisors
TMX Newsfile· 2025-12-17 21:55
Core Viewpoint - Fuerte Metals Corporation successfully held its Annual General and Special Meeting, with shareholders voting in favor of all proposed items, indicating strong support for the company's direction and governance [1]. Corporate Governance - A total of 41,536,092 common shares were voted, representing 34.30% of the issued and outstanding common shares as of the record date [1]. - The number of directors was set at seven, with nominees including Chris Beer, Scott V.A. Hicks, and others elected to the board [12]. - Davidson and Company LLP were re-appointed as auditors for the upcoming year [12]. - A new Omnibus Equity Incentive Plan was approved to replace the previous Long-Term Incentive Plan [12]. Technical Advisory Appointments - Mr. Kerry Sparkes and Mr. Scott J. Hicks were appointed as technical advisors to the board, bringing extensive industry experience to support project advancement [2][3]. - Kerry Sparkes has over 35 years of experience in mineral exploration and has been involved in the development of major Canadian deposits [3]. - Scott J. Hicks has over 20 years of industry experience, including leadership roles in mining companies and a background in technical services [4]. Equity Awards - The company granted 975,000 incentive stock options and 171,839 Restricted Stock Units (RSUs) to directors, employees, consultants, and advisors [5]. - The incentive stock options are exercisable at a price of $4.51 each for a period of five years, with both options and RSUs subject to vesting provisions [5]. Project Overview - Fuerte Metals is focused on advancing high-potential precious and base metals projects, with its flagship asset being the Coffee Project in Yukon, Canada [6]. - The Coffee Project hosts 3.0 million ounces of open-pit heap-leach Measured and Indicated Resource and an Inferred Resource of 0.8 million ounces [6]. - The company emphasizes the importance of environmental stewardship and maintaining relationships with local First Nations [6].
Hydrogen Exploration Stock Max Power (CSE: MAXX) (OTC: MAXXF) Announces Resource Venture Capitalist Andy Bowering Becomes Special Advisor
Investorideas.com· 2025-11-20 17:05
Hydrogen Exploration Stock Max Power (CSE: MAXX) (OTC: MAXXF) Announces Resource Venture Capitalist Andy Bowering Becomes Special Advisor Investorideas.com (www.investorideas.com Newswire) VANCOUVER, British Columbia, Nov. 20, 2025- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) is pleased to announce that veteran venture capitalist Andrew (“Andy”) Bowering has become a Special Advisor to MAX Power, joining its very active Advisory Board as MAX Power takes additional steps to build a gl ...
Resource Venture Capitalist Andy Bowering Becomes Special Advisor to Max Power
Globenewswire· 2025-11-20 12:00
Core Insights - MAX Power Mining Corp. has appointed Andrew Bowering as a Special Advisor, enhancing its Advisory Board as the company aims to establish a global presence in the Natural Hydrogen sector [1][2][12] - Bowering brings over 30 years of experience in mineral exploration and development, having co-founded Millennial Lithium Corp. and played key roles in various successful transactions [3][12] - The company is executing Canada's first multi-well drill program dedicated to Natural Hydrogen, positioning itself as a leader in this emerging market [2][12] Company Developments - The Advisory Board, chaired by Brent Dunlop, includes experts in geological, engineering, distribution, and capital markets, providing a comprehensive support system for MAX Power's initiatives [4][8] - MAX Power is also advancing its Willcox Playa Lithium Project in Arizona, which is expected to complement its Natural Hydrogen efforts [6][12] - The company is preparing to provide updates on its Natural Hydrogen well drilling activities, with significant progress anticipated [13][16] Strategic Importance - Bowering's appointment is seen as crucial for navigating capital markets and structuring growth stories, which will benefit MAX Power's shareholders [5][12] - The combination of Bowering's expertise and the existing Advisory Board's knowledge strengthens the company's position in both Natural Hydrogen and lithium sectors [8][12] - MAX Power's focus on decarbonization and its substantial land position in Saskatchewan (approximately 1.3 million acres) underscores its commitment to becoming a key player in the Natural Hydrogen market [15][16]