Dallas, Texas--(Newsfile Corp. - January 6, 2026) - Heliostar Metals Ltd (TSXV: HSTR): Stonegate Capital Partners updates their coverage on Heliostar Metals Ltd (TSXV: HSTR). Flagship Project: Heliostar continued to advance its flagship Ana Paula project in Guerrero as a high-grade underground development asset, now highlighted by a positive PEA released in early 4Q25. The study outlines total recovered production of ~875,000 ounces over a nine-year mine life, with mill feed averaging 5.37 g/t gold and a 1 ...

Core Viewpoint - Xali Gold Corp. has successfully closed the acquisition of the Pico Machay Gold Project in Peru, which is at an advanced exploration stage and aims for near-term production [1][2]. Acquisition Details - The acquisition involved purchasing Minera Calipuy S.A.C., the owner of Pico Machay, from Pan American Silver Corp. and its subsidiary Aquiline Resources Inc. [1] - An initial cash payment of US$500,000 was made to finalize the acquisition, with total cash payments potentially reaching US$17 million over the next five years [2][4]. Payment Structure - The payment schedule includes: - US$1.5 million due on December 24, 2026 - US$1.5 million due on December 24, 2027 - US$4 million due on December 24, 2028 - US$3 million due on December 24, 2029 - US$4.5 million due upon the earlier of December 24, 2030, or the commencement of commercial production - An additional US$2.5 million contingent payment if mineral reserves exceed 1.25 million ounces [2][3][4]. Security and Guarantees - Payments are secured by Promissory Notes, a Share Pledge Agreement over Calipuy's shares, and a Mortgage Agreement over both Pico Machay and the Las Brujas II property [3]. - The Promissory Notes are guaranteed by Calipuy and Candente Gold Peru S.A.C., and do not accrue interest before maturity [3]. Project Potential - The historical resource estimate for Pico Machay was based on a long-term gold price of US$700 per ounce, indicating significant upside potential in the current gold price environment [2]. - The company plans to update the historical resource estimate and optimize previous engineering studies to advance the project towards production [2]. Mining Rights and Regulations - Calipuy holds 100% interest in 17 mining rights associated with the Pico Machay Project, all of which are in good standing and valid until 2039 if production has not commenced [5]. - There is a 1% Net Smelter Return royalty on the El Alcatraz 4 concession, which is perpetual and covers all metals [6]. Community Engagement - Xali Gold aims to engage with the local Santa Ana community to advance the Pico Machay Project under a mutually beneficial framework [10].

VANCOUVER, BC, Dec. 18, 2025 /PRNewswire/ - OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") is pleased to announce that the Expert Panel appointed by the New Zealand government to consider permitting of the Waihi North Project ("WNP") has released a final decision approving the project. OceanaGold is now officially permitted to develop and operate WNP, which includes the high-grade Wharekirauponga Underground mine ("WUG"), located ~10 kilometres ("km") North of the Company' ...

Core Viewpoint - Aura Minerals Inc. has updated its growth outlook, projecting annualized gold equivalent production (GEO) to exceed 600,000 ounces, an increase from the previous estimate of 450,000 GEO, driven by recent acquisitions and project developments [2][4]. Group 1: Production Growth and Projects - The integration of high-quality assets, including MSG and the Era Dorada Project, is expected to significantly boost production capacity [2][4]. - The Borborema project is anticipated to fully ramp up, contributing to the increased production levels [2][4]. - The average production for Borborema in the first three years is based on the S-K 1300 Feasibility Study Report dated March 28, 2025 [3]. - MSG's production reference of 80,000 GEO is based on its performance in 2024 [3]. - Era Dorada's average production for the first four years is also derived from the S-K 1300 Feasibility Study dated December 08, 2025 [3]. - Matupá's average production for the first four years is based on the S-K 1300 Feasibility Study Report dated March 28, 2025 [3]. Group 2: Strategic Focus and Execution - The company's strategy since 2020 has been to grow production through greenfield projects and expansions, extend mine life through exploration, and enhance valuation via mergers and acquisitions [4]. - Aura Minerals has maintained a high dividend yield since 2021, indicating strong shareholder returns [4]. - The company achieved an average daily trading volume of US$30 million in November following its Nasdaq listing, reflecting improved market liquidity [4]. Group 3: Future Outlook and Development - Aura Minerals continues to advance its project pipeline and will provide updates as key milestones are reached [5]. - The company emphasizes that future production levels are preliminary and subject to uncertainties, including board approvals, permitting, and financing [4].

Core Viewpoint - Fortuna Mining Corp. has initiated a Processing Plant Expansion Options Study for the Séguéla mine in Côte d'Ivoire, aiming to enhance production capacity and capitalize on exploration successes [1][3][4]. Group 1: Expansion Study Details - Lycopodium Minerals Canada Ltd. has been selected to conduct the expansion study, reflecting Fortuna's confidence in their expertise and understanding of the Séguéla project [1][3][5]. - The study will assess options to increase the processing plant's throughput from the current capacity of 1.75 million tonnes per annum (Mtpa) to between 2.0 and 2.5 Mtpa, targeting over 200,000 ounces of gold production annually [4][5]. - The study is set to commence immediately, with completion expected in the second quarter of 2026 [6]. Group 2: Strategic Objectives - The expansion initiative aligns with Fortuna's strategic goal to maximize value from the Séguéla Mine and accommodate resource growth, including potential underground mineralization from the Sunbird deposit [4][9]. - The company aims to achieve approximately 500,000 ounces of annual gold equivalent production within the next three years, supported by ongoing projects like the Diamba Sud Gold Project in Senegal [3][4]. Group 3: Company Background - Fortuna Mining Corp. is a Canadian precious metals mining company with operations in Argentina, Côte d'Ivoire, Mexico, and Peru, focusing on sustainable practices and stakeholder relationships [8]. - The company recently reported an extension of the reserve life of the Séguéla mine to 7.5 years and is working on converting significant mineral resources into reserves [9].

Financial Data and Key Metrics Changes - Hudbay's adjusted EBITDA for Q3 2025 was $143 million, a decrease compared to the previous quarter primarily due to operational interruptions and lower sales volumes [8] - Cash generated from operating activities was $114 million, with operating cash flow before changes in non-cash working capital at $70 million [8] - Adjusted net earnings were $0.03 per share, after adjusting for various non-cash items [9] - Consolidated cash costs increased to $0.42 per pound, while sustaining cash costs rose to $2.09 per pound compared to the prior quarter [9][10] - Total liquidity at the end of the quarter was $1.04 billion, including $611 million in cash and cash equivalents [12] Business Line Data and Key Metrics Changes - Consolidated copper production was 24,000 tons and gold production was 54,000 ounces in Q3, lower than Q2 due to wildfire disruptions and temporary production interruptions in Peru [6][10] - Manitoba operations produced 22,000 ounces of gold, 800 tons of copper, 500 tons of zinc, and 102,000 ounces of silver, lower than the previous quarter due to wildfire evacuations [17] - Peru operations produced 18,000 tons of copper and 26,000 ounces of gold, with cash costs at $1.30 per pound, decreasing from the prior quarter [13][16] - British Columbia operations produced 5.2 thousand tons of copper and 4.8 thousand ounces of gold, with cash costs at $3.21 per pound, higher than the prior quarter [21][24] Market Data and Key Metrics Changes - The company faced mandatory wildfire evacuations in Manitoba and social unrest in Peru, impacting operations [4][13] - The Copper World project secured a strategic partnership with Mitsubishi, reducing future equity contributions and enhancing financial strength [5][25] Company Strategy and Development Direction - Hudbay aims to reduce long-term debt while reinvesting in high-return growth initiatives [4] - The company is focused on advancing the Copper World project towards a sanctioned decision in 2026 and first production in 2029 [5][26] - A threefold strategy is being executed in Snow Lake to enhance near-term production and extend mine life [27][30] Management's Comments on Operating Environment and Future Outlook - Management expressed pride in the team's resilience amid operational challenges and reaffirmed production guidance despite interruptions [10][14] - The fourth quarter is expected to be the strongest for copper and gold production in Peru, with confidence in achieving full-year guidance [15][50] - The company anticipates a significant increase in copper production from the Copper World project, enhancing its position as a major copper producer [31][32] Other Important Information - The company has submitted a business interruption insurance claim related to wildfire downtime [18] - Total capital expenditures are expected to be $35 million lower than originally guided, with deferrals to 2026 [10][11] Q&A Session Summary Question: Construction decision timeline for Copper Mountain - Management expects to complete the feasibility study and make a construction decision in mid-2026, with pre-construction spending planned [34][35] Question: Clarification on sustaining CapEx - Sustaining CapEx for 2026 is expected to be similar to this year's guidance, with some deferrals due to operational interruptions [38][39] Question: Impact of informal mining in Peru - Informal mining is not seen as a material impediment to permitting processes, though it complicates the social environment [40][41] Question: Performance of Copper Mountain - Management remains confident in the acquisition of Copper Mountain, noting ongoing optimization efforts despite recent challenges [44][46] Question: Confidence in Constancia's production - Management is confident in achieving high production levels at Constancia for the remainder of the year, supported by strong grades from Pampakancha [49][50] Question: Insurance claim related to wildfires - The company has good coverage for property and business interruption, but it is premature to provide a specific claim amount [55]

Core Insights - Newmont's Ahafo North project in Ghana has officially commenced commercial production, marking a significant achievement in West Africa's mining sector [1][2] - The project is expected to add approximately 300,000 ounces to Newmont's annual gold output, with an estimated annual yield of 275,000 to 325,000 ounces over an initial 13-year lifespan [6][7] - Ahafo North is considered a cornerstone asset for Newmont, with reserves of about 4.6 million ounces, and is described as "the best unmined gold deposit in West Africa" [4] Project Development - The Ahafo North project is part of a broader development program that included infrastructure construction, processing facility commissioning, and workforce development [2] - The project consists of four open-pit mines and a standalone mill located 30 km from the existing Ahafo South operations, which have been active since 2006 [4] - The first gold pour was achieved on September 19, 2023, indicating the completion of key developments earlier this year [4] Strategic Importance - The commencement of commercial production at Ahafo North is viewed as a significant milestone for Newmont and its partners in Ghana, reflecting the company's commitment to operational excellence [5] - Following the divestment of the Akyem mine in April 2025, Ahafo North will serve as Newmont's second operational site in Ghana [6] - When combined with Ahafo South, the total expected annual production from the Ghanaian operations is around 750,000 ounces of gold [7]

Core Viewpoint - G Mining Ventures Corp. has officially approved the full construction of its 100%-owned Oko West Gold Project in Guyana, marking a significant milestone in its transition to an intermediate gold producer, with first gold production targeted for the second half of 2027 [1][2]. Project Overview - The initial capital cost for the Oko West Gold Project is estimated at $973 million, with detailed engineering currently 36% complete [5][11]. - As of now, $334 million has been committed to the project, representing 33% of the total initial capital budget [6][11]. - The project has seen total expenditures of $156 million, including $110 million spent and $46 million in prepayments [6]. Workforce and Safety - The project has a total workforce of 710, with 520 employees and 190 contractors, over 80% of whom are Guyanese nationals [6]. - The project has recorded 596,551 hours worked with only one recordable incident, resulting in a Total Recordable Incident Rate (TRIFR) of 0.33 [6]. Permitting and Environmental Management - The project is fully permitted under Environmental Permit No. 20230912-RGIGM, valid for five years, allowing both construction and operational activities [6]. - A comprehensive Environmental and Social Management System (ESMS) is being implemented to address various environmental concerns [6]. Engineering and Procurement - Long-lead items have been ordered from reputable suppliers, including power plants and mining equipment, with the first mining shovel expected to be commissioned in Q4 2025 [11]. - The camp facility is being expanded to accommodate 425 beds, with the first two permanent dorms expected in October [11]. Construction Progress - Early works construction activities are advancing on schedule, with significant progress in site clearing and mass excavation [11]. - The project has completed 100% of mass excavation at the permanent camp and 93% at the barge landing [11].

Core Insights - Tocvan Ventures Corp. has mobilized equipment to the North and South Blocks of its Gran Pilar Gold-Silver Project in Sonora, Mexico, indicating progress towards upcoming drilling and trenching activities [1] Company Developments - The mobilization of equipment is a significant step in preparing the site for planned pilot mine operations [1]

Core Insights - Troilus Gold Corp. reports significant progress in the engineering phase of its Troilus Project, with basic engineering now over 85% complete, indicating a strong trajectory towards construction readiness [2][5][6] Engineering Progress - Basic engineering has surpassed 85% completion since the last update on June 10, 2025, with a shift in focus to cost estimation, procurement, and execution planning [2] - Major deliverables such as capital cost estimates, vendor evaluations, and project execution plans are well advanced, supporting a targeted construction decision in 2026 [2][5] - All Requests for Quotations (RFQs) have been issued, facilitating the transition towards execution planning and supporting cost definition [6] Procurement and Technical Evaluations - Technical and commercial assessments of major equipment and construction packages are nearing completion, with firm bids received for key items [6] - Comprehensive project execution plans have been developed, outlining the framework for project delivery, including contracting strategy and construction sequencing [6] Construction Readiness - Layouts of construction facilities have been developed to optimize logistics and cost planning [6] - Review of 3D models for the Project's process plant and site infrastructure is over 30% complete [6] - Commissioning systems have been identified and sequenced to ensure a structured transition from construction to operations [6] Company Overview - Troilus Gold Corp. is a Canadian development-stage mining company focused on advancing the former Troilus Mine towards production, located in Quebec [8] - The company holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt and aims for a large-scale 22-year, 50ktpd open-pit mining operation [8]