Financial Data and Key Metrics Changes - In 2025, the company achieved consolidated gold output of just under 32,000 ounces, meeting production guidance despite inventory buildup at the end of the quarter [2][3] - Gold sales for the year increased to approximately 28,200 ounces, compared to 21,500 ounces in the prior year, with total revenue from gold sales rising to approximately $95 million from $50 million [21][22] - The company reported a net loss of just under $200 million or $0.10 per share, while adjusted loss was $123 million, compared to $111 million in the prior year [22][23] Business Line Data and Key Metrics Changes - At Granite Creek, mining activities ramped up, resulting in the mining of just over 41,000 tons of high-grade mineralized material in Q4, including approximately 15,000 tons of high-grade oxide material at a grade of 11.19 grams per ton gold [5][6] - The company mined approximately 142,000 tons of high-grade mineralized material for the year, with total gold production of 3,600 ounces for Q4 and 23,000 ounces for the full year [7][6] - The construction of Archimedes, the company's second underground mine, commenced, with underground development advancing ahead of expectations [11][12] Market Data and Key Metrics Changes - The company secured a financing package of up to $500 million, which includes a $250 million royalty commitment from Franco-Nevada and a gold prepayment facility with National Bank of Canada and Macquarie [25][26] - The recapitalization plan is expected to fully fund phase one and phase two of the development plan, increasing annual production to approximately 300,000-400,000 ounces of gold from less than 50,000 ounces currently [28][29] Company Strategy and Development Direction - The company aims to create a mid-tier gold producer by advancing its development plan and recapitalizing its balance sheet [2][3] - The refurbishment of the Lone Tree process plant is central to the company's hub and spoke strategy, designed to process material from its three underground mines [16][17] - The company plans to publish feasibility studies for its three high-grade underground projects and advance the refurbishment of the Lone Tree autoclave over the next 12-18 months [30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operational improvements at Granite Creek and the potential for expansion at the Granite Creek Underground [9][10] - The company is focused on accelerating the development of the Mineral Point project, which is seen as the most valuable asset within the portfolio [41] - Management anticipates that the recapitalization will provide the necessary financial flexibility to advance drilling and technical work, ultimately leading to earlier development timelines [41] Other Important Information - The company achieved an improved safety performance target, finishing the year with a total recordable incident rate (TRIR) of 0.62, including an incident-free fourth quarter [4] - The company plans a $10 million exploration drill program in 2026 to test high-potential targets and further delineate resources [10] Q&A Session Summary Question: Can you elaborate on the $400 million+ CapEx for the Lone Tree autoclave project? - The autoclave vessel needs to be rebricked, and the CIL circuit tanks need replacement, along with upgrades to the filtration system and instrumentation, leading to the high cost [34] Question: Did you seek alternative proposals for the engineering work? - The project has been worked on for approximately four years, and Hatch, which built the facility in the 1990s, was chosen for its expertise [36][37] Question: Will accelerating pre-development work at Mineral Point allow for earlier value realization? - Yes, the financial flexibility gained from the recapitalization allows for advancing drilling and technical work, targeting earlier development than originally planned [41]

TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce more analytical results from our 2025 maiden drilling program at the Company’s satellite West Santa Fe project, located only 13 km from Lahontan’s flagship asset, the Santa Fe Mine project, in Nevada’s prolific Walker Lane. These assay results are from two additional reverse-circulation rotary (“RC”) drill holes at West Santa Fe and are summarized below. The res ...

Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - CopAur Minerals Inc. (TSXV: CPAU) ("CopAur" or the "Company") is pleased to report that contracts have been let to complete biological and cultural surveys at both the Kinsley Mountain property and the Troy Canyon property.WestLand Engineering and Environmental Services of Reno, NV, have been given the responsibility to complete a series of nesting eagle & raptor surveys, and general wildlife and botanicals surveys on both properties, inclu ...

Core Insights - Lahontan Gold Corp. has mobilized a Super 90 track-mounted core drill rig to its flagship Santa Fe Mine Project in Nevada, which is part of the ongoing mine development program focusing on waste rock geochemical characterization and groundwater distribution for the permitting process [1][2] - The company aims to gather hydrologic and waste rock geochemical data to stay on track for commencing open pit mining and heap leach processing at Santa Fe in 2027 [2] - The Santa Fe Mine project has a historical production of 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995, and currently has an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent [2] Company Overview - Lahontan Gold Corp. is a Canadian mine development and mineral exploration company with four gold and silver exploration properties in Nevada's Walker Lane [2] - The Santa Fe Mine project spans 28.3 km and is expected to advance towards production, with plans to update the Preliminary Economic Assessment and drill test the satellite West Santa Fe project in 2025 [2] Technical Disclosure - The technical disclosure has been reviewed and approved by Brian J. Maher, a Qualified Person under Canadian National Instrument 43-101, who has verified the data disclosed in the news release [3]

Core Viewpoint - Cerrado Gold Inc. reported stable production results for Q4 2025 and provided guidance for 2026, highlighting ongoing operational improvements and exploration efforts at its Minera Don Nicolas Mine in Argentina, as well as developments in its Lagoa Salgada and Mont Sorcier projects [1][4][8]. Production Results - Q4 2025 production totaled 13,806 Gold Equivalent Ounces (GEO), slightly down from 13,832 GEO in Q3 2025, with full-year production at 50,238 GEO, aligning with guidance [12]. - Heap leach production was impacted by low water availability, resulting in reduced irrigation capacity, while underground operations contributed higher-grade ore to the processing plant [12][2]. - Average recovery rates decreased due to increased primary ore on leach pads, but this was offset by higher volumes from underground mining processed through the CIL plant [2][12]. Production Guidance - The company anticipates annual production for 2026 to be between 50,000 and 60,000 GEO, with a significant increase expected in the second half of the year due to the mining of lower-grade heap leach material early in the year [4][12]. Growth Capital Plans - Cerrado approved a 2026 budget with approximately $45 million allocated for growth capital expenditures, primarily focused on the Minera Don Nicolas Mine, including a 50,000-meter exploration program and expansion of the tailing facility [5][12]. - Additional funding is earmarked for equipment upgrades and maintenance to support long-term operations [5]. Exploration and Development - The exploration program at Minera Don Nicolas is ongoing, targeting resource expansion to extend mine life, with a focus on the central Paloma area [6][7]. - The company plans a 50,000-meter drill program for 2026, utilizing multiple drill rigs to test high-value targets [7]. - Progress continues on the Lagoa Salgada and Mont Sorcier projects, with feasibility studies expected to be completed in Q1 and Q2 2026, respectively [8][9][14]. Project Updates - At Lagoa Salgada, the Optimized Feasibility Study is underway, with a slight delay expected due to consultant changes, but results from advanced geophysical exploration are anticipated soon [9]. - The Mont Sorcier project is advancing with an infill drilling program aimed at updating resource estimates, targeting an increased production rate of 8 million tonnes per annum of high-purity iron concentrate [14][15].

Core Viewpoint - Vizsla Silver Corp. has reported positive results from its geotechnical drill campaign at the Copala resource area of its Panuco silver-gold project in Mexico, indicating high-grade continuity and supporting mine development studies [3][6]. Group 1: Drill Results - The recent geotechnical drill campaign included 11 holes targeting the Copala resource area, with significant grades reported, including 1,800 grams per tonne (g/t) silver equivalent (AgEq) over 3.80 meters true width [5][6]. - Notable drill results include DDH-CAP-008B returning 1,800 g/t AgEq, DDH-CAP-003A returning 840 g/t AgEq over 6.50 meters, and DDH-CAP-007B returning 424 g/t AgEq over 8.90 meters [5][6][8]. - The Copala structure currently hosts Measured Resources of 41.4 million ounces (Moz) AgEq at 684 g/t, Indicated Resources of 82.8 Moz AgEq at 600 g/t, and Inferred Resources of 35.5 Moz AgEq at 476 g/t [3][4]. Group 2: Project Development - The Copala structure has been traced for approximately 1,770 meters of strike length and 400 meters down dip, with ongoing underground drilling planned to upgrade resources [4][6]. - Vizsla Silver has commenced a fully funded and permitted test mine and bulk sample program at Copala, focusing on developing an underground ramp and ore extraction [7]. - The company plans to conduct an aggressive infill drilling campaign exceeding 13,000 meters to upgrade additional resources into the Indicated and Measured categories [7]. Group 3: Feasibility Study Insights - The recently completed Feasibility Study for the Panuco project highlights an annual production of 17.4 Moz AgEq over an initial mine life of 9.4 years, with an after-tax NPV(5%) of US$1.8 billion and an IRR of 111% [14]. - The study indicates a 7-month payback period at metal prices of US$35.50 per ounce for silver and US$3,100 per ounce for gold [14].

Core Viewpoint - The joint venture between Trilogy Metals and South32 is focusing on advancing the Ambler mining district in Alaska, with significant developments planned for 2026, including a $35 million work program to enhance the Upper Kobuk Mineral Projects. Group 1: Project Development - Trilogy Metals announced a $35 million work program for 2026 aimed at advancing the Upper Kobuk Mineral Projects, which include the Arctic and Bornite copper-rich deposits within a 1,900 sq.-km land package [2] - Exploration activities in 2026 will focus on the Arctic deposit, including geotechnical drilling to support mine design and infrastructure planning, while the Bornite project camp will be prepared for multi-year use [3] - The mine permitting process for the Arctic project is set to begin in 2026, leveraging federal expedited programs like FAST-41 [4] Group 2: Management and Community Engagement - Ambler plans to establish an independent management team in 2026 to oversee the next stages of the UKMP, focusing on permitting, technical programs, and community engagement [5] Group 3: Financial and Government Support - Trilogy has budgeted approximately $5 million for compliance and oversight of its investment in Ambler, and received $35.6 million from the US government to support UKMP development [7] - The US government has reinstated the critical access road permits in the Ambler mining district, which were previously revoked [8] Group 4: Resource and Economic Potential - The Arctic deposit is one of the highest-grade copper deposits globally, with 35.7 million indicated tonnes averaging over 5% copper equivalent, containing an estimated 2.34 billion lb. of copper [9] - A 2023 feasibility study for the Arctic deposit projected a 13-year mine life with annual payable copper production of 149 million lb., and an after-tax net present value of $1.1 billion [10] - The Bornite deposit is projected to have a 17-year mine life with total copper production of 1.9 billion lb., and an after-tax NPV of $393.9 million [11]

Summary of Discovery Silver Conference Call Company Overview - **Company**: Discovery Silver - **Key Executives**: Mark Utting (Senior Vice President of Investor Relations), Eric Kallio (Senior Vice President of Exploration and Growth) - **Stock Performance**: Stock price increased from CAD 0.72 at the beginning of the year to just under CAD 8, indicating significant growth potential remaining [4][5][10] Acquisition Details - **Acquisition**: Porcupine Complex from Newmont - **Transaction Value**: CAD 200 million in cash and CAD 75 million in equity, with deferred consideration of CAD 150 million in four equal annual payments starting two years from now [5][6] - **Assets Acquired**: Three operating mines (Hoyle Pond, Borden, Pamour) with potential for at least three new operating gold mines and significant exploration upside [5][6][10] Production and Economic Outlook - **Production Forecast**: Expected production of approximately 220,000 ounces this year, increasing to about 340,000 ounces in the coming years [7] - **NPV Calculation**: Using a gold price of $3,800, the NPV of the technical report was estimated at $4.5 billion, which reflects the current valuation of the company [7][10] - **Cordero Project**: Anticipated to produce about 37 million ounces of silver equivalent over the first 12 years with a 20-year mine life. NPV at $40 silver is just shy of $2.5 billion, and at $60 silver, it could reach $4.5 billion [8][9] Exploration Potential - **Dome Mine**: Contains an inferred resource of 11 million ounces, with plans to bring it back into production. Historical production was 17 million ounces since 1910 [10][11] - **Exploration Program**: Aiming for over 200,000 meters of drilling next year, with positive results reported from various locations including Hoyle Pond, Borden, and Pamour [42][43] - **Geological Insights**: The Timmins area is part of the Abitibi Greenstone Belt, known for significant gold deposits. The geology includes various formations and structures conducive to gold mining [46][49] Financial Position - **Cash Reserves**: Company reported cash of $342 million at the end of September, with no outstanding debt [23] - **Liquidity**: Completed a revolving credit facility providing an additional $250 million of liquidity [23] Infrastructure and Operational Plans - **Dome Mill Expansion**: Plans to increase milling capacity from 12,000 tons per day to 30,000 tons per day, which would significantly enhance production capabilities [89][90] - **Cost Reduction**: Potential to reduce processing costs by $5-$10 per ton by optimizing existing infrastructure [88] Regulatory and Permitting Updates - **Cordero Project Permitting**: Increased confidence in obtaining environmental impact assessment approval in the near future, which is critical for advancing the project [9] Conclusion - **Investment Thesis**: Discovery Silver presents a compelling growth story in both the gold and silver industries, with significant upside potential from existing assets and exploration opportunities. The company is well-positioned financially to capitalize on these opportunities and drive future growth [4][10][23]

Core Viewpoint - G Mining Ventures Corp. has received the final regulatory approval for the Oko West Gold Project, positioning it as a cornerstone asset for the company and enabling the commencement of pre-production activities in early 2026 [1][4]. Regulatory Approval - The Guyana Geology and Mines Commission granted a Mining License for the Oko West Gold Project, effective December 5, 2025, valid for twenty years [2][3]. - This approval completes the main regulatory requirements necessary for full construction and long-term operations of the project [2][3]. Project Development Timeline - The Mining License follows the receipt of the Final Environmental Permit on September 2, 2025, and the formal construction decision made on October 23, 2025 [3]. - Early works have commenced under the Interim Environmental Permit and will continue under the Final Environmental Permit, facilitating a smooth transition into full construction [3]. Company Commitment and Future Plans - The company emphasizes its commitment to responsible development and aims to establish Oko West as a world-class mining operation that provides economic and social benefits to Guyana [4]. - Pre-production open-pit mining is expected to begin in the first quarter of 2026, with the assembly of initial mining equipment already in progress [4]. Company Overview - G Mining Ventures Corp. focuses on the acquisition, exploration, and development of precious metal projects, aiming to become a mid-tier precious metals producer [5]. - The company is anchored by the Tocantinzinho Mine and the Gurupi Project in Brazil, alongside the Oko West Project in Guyana, all located in mining-friendly jurisdictions [5].

Core Insights - Lake Victoria Gold Ltd. has reported positive initial results from its ongoing 4,000 m drill program at the Imwelo Gold Project, confirming mineralization continuity to over 250 m depth [1][4][10] - The results indicate potential for extending the open-pit shell and evaluating future underground options beyond the planned shallow open-pit operation [5][7][10] Drilling Program Details - The drilling program utilizes a combination of reverse-circulation pre-collars and diamond-core tails, aimed at reducing costs and cycle time while ensuring high-quality geological data [2] - Five out of the planned twenty-four drill holes have been completed, with assay results received from the MSA Laboratory in Geita [5][10] Assay Results Highlights - The first five holes show consistent grades and widths comparable to the existing resource, confirming the depth extension of mineralization [4][7] - Additional mineralization has been identified in both the footwall and hanging wall, indicating potential for future resource expansion [4][7] Management Commentary - The President & CEO expressed optimism regarding the results, noting that mineralization continues beyond the current pit design and that additional lodes are emerging [10][11] - The Exploration Manager highlighted strong geological indicators aligning with expectations, including quartz veining and structural continuity [10] Future Objectives - The program aims to support continuous updates with additional assays pending from ongoing drilling [12] - Objectives include refining final pit design, improving resource confidence, and testing down-dip extensions to enhance resource estimates [19]