Core Viewpoint - Galantas Gold Corporation has entered into a share purchase agreement to acquire a 100% ownership interest in the Andacollo Oro Gold Project in Chile, marking a significant strategic move for the company and expected to be classified as a Fundamental Acquisition under TSX Venture Exchange policies [1] Project Overview - The Andacollo Oro Gold Project is located in the Coquimbo Region of Chile, approximately 55 kilometers southeast of La Serena, at an elevation of 1,100 meters, featuring a substantial permitted footprint with mining concessions, land title, and water rights [2] - The project includes existing infrastructure, extensive earthworks, and three leach pads, providing excellent access to services and a skilled workforce [2] Historical Resource Estimates - The historical mineral resource estimate indicates measured and indicated resources of 2.02 million ounces of gold from 130 million tonnes at a grade of 0.48 grams per tonne, with inferred resources of 5.06 million ounces from 358 million tonnes at a grade of 0.45 grams per tonne [3] - The project has a historical production record of 1.12 million ounces of gold from 1998 to 2018, with peak annual production of approximately 135,000 ounces [4] Geological and Technical Aspects - The project features a low-sulphidation epithermal, manto-style gold system, supported by a robust technical database from 1,600 drill holes totaling approximately 190,000 meters [5] - The project is adjacent to the Carmen del Andacollo porphyry copper mine, which produces about 45,000 tonnes of copper per year [6] Strategic Importance - The acquisition is seen as a transformative step for Galantas, enhancing its profile and scale by adding a large-scale, past-producing gold asset with existing infrastructure and a deep technical database [7] - The project offers multiple development pathways and significant exploration potential for additional gold and copper mineralization [8] Transaction Structure - The total cash consideration for the acquisition is structured at US$32 million, with staged payments over four years, reflecting a commitment to capital discipline [12] - The transaction includes the issuance of 91,313,890 common shares to the controlling shareholder of Dragones, representing 19.9% of Galantas' outstanding shares, subject to approvals [12][13] Financial Overview - As of December 31, 2025, Sol, the entity acquiring the project, reported total assets of approximately US$4.28 million and total liabilities of approximately US$4.34 million, resulting in a loss of US$67,521 [10] Exploration Opportunities - The project has significant exploration upside, with potential for grade enhancement through angle-drilling and opportunities to increase resources along strike and down-dip of known mineralization [25] - There are indications of high-grade copper targets and numerous unexplored gold-copper occurrences on the project [26] Conditions to Closing - The completion of the transaction is subject to board approval, regulatory requirements, and shareholder approvals, including minority approval requirements [31][28]

Core Viewpoint - Trigon Metals Inc. has successfully completed the sale of its interest in the Kombat Mine to Kamino Minerals Limited, which will now manage the asset, allowing Trigon to focus on its Addana Project in Morocco and enhancing its financial position [1][2][3]. Transaction Details - The transaction involved the sale of 100% of shares in Kombat Streamco Corp. and PNT Financeco Corp., along with an intercompany loan of $57,560,875 [5]. - The total cash consideration for the transaction is US$24,000,000, structured as US$1.00 for Trigon Ontario shares and US$23,999,999 for PNT shares and the PNT Loan, with payments made in eight equal installments starting April 4, 2026 [6]. - An additional cash payment, termed the Production Payment, will be made once the Kombat Mine achieves specific production milestones, ranging from US$3,500,000 to US$13,000,000 based on copper prices [7]. Financial Implications - The completion of the sale significantly strengthens Trigon's balance sheet, providing full funding for an aggressive exploration program at the Addana Project, which is expected to unlock its copper potential [3]. - Trigon will receive a royalty of 1.0% on copper net smelter returns, payable if the invoiced copper price exceeds $4.00 per pound, for up to 20 quarters [8]. - The amount payable to Horizon under a loan agreement will be reduced by US$3,975,494 as part of the transaction [9]. Conditions and Approvals - The transaction was finalized after obtaining necessary regulatory and shareholder approvals, including consent from the Namibian Competition Commission and conditional approval from the TSX Venture Exchange [13]. - The company has satisfied all conditions precedent to closing, ensuring a smooth transition of ownership [13]. Company Overview - Trigon Metals Inc. is a publicly-traded Canadian exploration and development company focused on copper and silver in mining-friendly African jurisdictions, with projects in Namibia and Morocco [16].

Prime Minister Carney’s government signed a deal with Ontario to remove duplication in environmental assessments as Canada pushes to develop resources and build projects more quickly https://t.co/MgwdNxbLrv ...

Core Insights - Fuerte Metals Corporation has partnered with G Mining Services to produce a Feasibility Study and perform preliminary engineering for its Coffee Gold project in Yukon, Canada, with the aim of advancing towards a construction decision by 2027 [1][2] Group 1: Project Development - The Feasibility Study (FS) is expected to be completed by Q4 2026, while a Preliminary Economic Assessment (PEA) will run in parallel, with completion anticipated in Q1 2026 [1] - The Coffee Gold project hosts a Measured and Indicated Resource of 3.0 million ounces and an Inferred Resource of 0.8 million ounces [4] Group 2: Partnerships and Expertise - G Mining Services, established in 2006, specializes in mine development and has a strong track record in delivering projects safely and on budget, including notable projects like Lundin Gold's Fruta del Norte and Newmont Mining's Merian Mine [2] - WSP, a leading professional services firm, will manage the PEA from its Whitehorse office, leveraging local knowledge [3] Group 3: Company Commitment - Fuerte Metals is committed to responsible stewardship of the land and building relationships with local First Nations, emphasizing cooperation and transparency [4] - The company aims to leverage previous drilling and engineering work to expedite the PEA process [2]

Core Viewpoint - Apollo Silver Corp. is advancing its 2026 Exploration and Project Development Program at the Calico Silver Project, capitalizing on the strengthening silver market and the designation of silver as a U.S. critical mineral, which emphasizes the need for domestic supply [2][5]. Project Development Program - The 2026 Program includes a 4,500 meter HQ diameter core drill program aimed at obtaining material for geotechnical and metallurgical analysis, along with the initiation of development-level permitting activities [6][7]. - Project development activities will focus on metallurgical studies, geotechnical work, and permitting, with a drilling program designed to support these efforts [3][6]. Exploration Activities - Planned exploration activities consist of exploration drilling, property-scale mapping, and geophysical surveys, including airborne and ground methods to assist in defining future drill targets [3][9]. - A 1,000 meter NQ diameter exploration drilling program is set to test the Burcham gold target, aiming to expand the existing gold resource [10]. Geological and Geophysical Studies - Geological mapping will continue throughout 2026, supported by a multi-method geophysical program that includes gravity, Induced Polarization (IP), and magnetic surveys to characterize subsurface mineralization [11][12]. - The program will also involve laboratory analysis, including petrographic studies and soil/rock assays, to refine geological mapping and drill target identification [14]. Metallurgical and Geotechnical Focus - Metallurgical test work will evaluate processing options and seek to improve upon historical silver recoveries, currently estimated at approximately 65% [12]. - Geotechnical data collection will support engineering and mine design, ensuring alignment with ongoing technical advancements [12]. Company Overview - Apollo Silver is recognized for advancing one of the largest undeveloped primary silver projects in the U.S., with the Calico project hosting significant silver, barite, and zinc deposits, which are critical to the U.S. energy and medical sectors [16].

Harmony Gold Mining has approved the development of the Eva Copper Project in Northwest Queensland, Australia, following the completion of an updated feasibility study and the final investment decision (FID) by its board. The Eva Copper Project is a 100%-owned, high-margin, long-life asset that is expected to significantly expand Harmony’s copper portfolio. The proposed open-pit mine will have a low strip ratio and is forecast to produce approximately 65,000 tonnes per annum (tpa) of copper in concentrat ...

Core Insights - Heliostar Metals Ltd is advancing its Ana Paula project in Guerrero, supported by a positive Preliminary Economic Assessment (PEA) released in early Q4 2025 [1][6] - The PEA indicates a total recovered production of approximately 875,000 ounces over a nine-year mine life, with an average mill feed of 5.37 g/t gold [1][6] - The project is expected to produce around 101,000 ounces per year at cash costs of approximately US$923 per ounce and an All-In Sustaining Cost (AISC) of about US$1,011 per ounce [1][6] - At a gold price of US$2,400 per ounce, the PEA shows a post-tax Net Present Value (NPV5) of US$426 million and an Internal Rate of Return (IRR) of 28%, with a payback period of 2.9 years [1][6] - Management is focused on engineering, metallurgical work, and a 15,000-meter drill program to upgrade Inferred resources and support a Feasibility Study targeted for mid-2026 [1][6] Financial Performance - The company reported quarterly revenue of US$26.8 million and a net income of US$1.3 million, primarily supported by operations at La Colorada and San Agustin [6] - The path forward includes targeting a feasibility study by mid-2026 and an underground permit amendment in Q1 2026, with early works planned to enable production in 2028 [6]

Financial Data and Key Metrics Changes - Third quarter gold sales nearly doubled over the prior year period to approximately 9,400 ounces, with total revenue from gold sales increasing to approximately $32 million for the quarter, driven by higher ounces sold and a higher average realized gold price of $3,412 per ounce [17][18] - The company reported a net loss of approximately $42 million or $0.05 per share, similar to the prior year period, reflecting the development stage and strategic investment [18] - Cash used in operating activities decreased to approximately $15 million compared to about $24 million in the prior year due to higher gross profit and working capital [18][19] Business Line Data and Key Metrics Changes - At Granite Creek Underground, approximately 15,000 tons of oxide mineralized material were mined at a grade of about 9.8 grams per ton, and approximately 20,000 tons of sulfide material at a grade of about 10.7 grams per ton were mined [8][9] - The stockpile of sulfide material processed by a third-party autoclave was normalized by quarter-end, and gold sold totaled 7,400 ounces for the quarter [8][9] Market Data and Key Metrics Changes - The company continues to recover gold from existing leach pads at Lone Tree and Ruby Hill, with approximately 2,000 ounces recovered and sold in the third quarter [9] Company Strategy and Development Direction - The company aims to create a Nevada-focused mid-tier gold producer, with significant progress made towards key milestones in its development plan [2][3] - A recapitalization plan is underway, with expectations to secure a financing package by mid-2026 to support various phases of the development plan [5][19] - The company is focused on long-term value creation and has initiated a sustainability strategy to attract and retain talent [4][5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing the development plan and unlocking the value of the resource base as the company moves into 2026 and 2027 [22][39] - The company believes it is trading at a deep discount compared to comparable developers, indicating potential for market recognition of its value [23] Other Important Information - The Lone Tree plant refurbishment study is substantially complete, with a construction decision anticipated in the second quarter of 2026 [16] - The company is evaluating ways to accelerate value creation, including a potential pre-feasibility study on Mineral Point [5] Q&A Session Summary Question: Where is the company currently mining and when will it start mining from longer levels in the South Pacific Zone? - The company is mostly mining in the OG Zone and has started the upper zone of the South Pacific. It expects to be around 60% in the South Pacific Zone next year [25][26] Question: What are the steps being taken to process oxide through the Lone Tree plant? - The autoclave can be bypassed with oxide ore, and the company is evaluating the potential for feeding that through as commissioning approaches [28] Question: Regarding the recapitalization plan, is the company reconsidering the disposition of the non-core FAD asset? - The company is evaluating all options for recapitalization, including the potential sale of the FAD asset, but will only proceed if a fair value can be obtained [32][33] Question: What is the expected CapEx for the refurbishment of the Lone Tree autoclave and Archimedes' development in 2026? - The refurbishment is estimated at $400 million, with approximately $175 million expected to be spent in 2026, and Archimedes' development is expected to be about $40 million [34][35]

Financial Data and Key Metrics Changes - The company reported a net loss of $500,000, or $0.01 per share, compared to a loss of $2.1 million, or $0.04 per share, in the same period last year [17] - Adjusted EBITDA was $11.8 million, or $0.22 per share, compared to $10.5 million, or $0.20 per share, in the corresponding period [17] - The company ended the quarter with $51 million in cash and $24 million in marketable securities, with the cash balance relatively unchanged from the prior quarter [18] Business Line Data and Key Metrics Changes - McEwen Copper advanced the Los Azules project, which is now considered a bankable Tier 1 asset, benefiting from Argentina's Large-Scale Investment Incentive Program [12][13] - The feasibility study for Los Azules indicated a production process designed for low environmental impact, with a projected after-tax NPV of $2.9 billion and an IRR of 19.8% [14] Market Data and Key Metrics Changes - Gold prices are currently just below $4,000 per ounce, up 45% year-over-year, while silver is up 47% and copper is close to $5, up 13% [2] - The company anticipates that the intermediate and long-term prices for metals will be considerably higher, positioning itself favorably in the current market environment [2] Company Strategy and Development Direction - The company aims to achieve an annual production of 250,000-300,000 gold-equivalent ounces by 2030, alongside the development of the Los Azules copper mine [3] - The company is optimistic about the exploration potential of its mining rights, having identified eight significant targets within its holdings [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming temporary setbacks and emphasized the importance of the current favorable metal prices in supporting growth plans [2][3] - The approval of the REGI program for Los Azules is seen as a significant endorsement, providing stability and competitive tax rates for the project [12][13] Other Important Information - The company is set to close the acquisition of Canadian Gold Corp in January, with an updated resource estimate expected by the end of February [6] - Exploration activities are ongoing, with a focus on optimizing the Tartan project and its synergies with other properties [7] Q&A Session Summary Question: Can you elaborate on the vertical integration strategy and potential targets? - The company is exploring vertical integration opportunities, particularly in assay labs, to enhance efficiency and reduce turnaround times for assays [29][30] Question: What is the outlook for Gold Bar production next year? - Management indicated that the recent issues were temporary and that production guidance for next year will be announced shortly [35][36] Question: What is the timeline for the Canadian Gold Corp merger and subsequent resource estimates? - The merger is expected to close in early January, with a resource estimate and preliminary economic assessment to follow [45][46] Question: How does the company estimate its proven resources? - The company estimates its resources similarly to industry standards, with approximately 4.2 million ounces across all operations [53] Question: What is the expected timeline for the Los Azules IPO? - The IPO is now targeted for sometime next year, with expectations of a higher price than the last financing due to the project's attractiveness [68][70]

Core Points - U.S. Gold Corp. announced the acquisition of a 10-acre parcel of land to support the CK Gold Project development planned for 2026 [1][2] - This acquisition marks the fourth key real estate property purchased by the company in connection with the CK Gold Project over the past four years [1][4] - The new site will serve as a centralized muster point for employees and contractors, facilitating transportation to the mine site and reducing local traffic congestion [2][4] Acquisition Details - The 10-acre parcel is located in the North Range Business Park, providing direct access to Interstates 80 and 25, and is expected to close by January 31, 2026 [2] - Previous acquisitions include three contiguous parcels totaling approximately 110 acres, which enhance operational flexibility and minimize impacts on neighboring communities [3] Project Development - The CK Gold Project's final feasibility study is nearing completion, and the company is positioning itself for efficient and community-sensitive operations [4] - Construction for the CK Gold Project is on track to begin in 2026 [4]