VANCOUVER, British Columbia, March 18, 2026 (GLOBE NEWSWIRE) -- Carmanah Minerals Corp. (“Carmanah” or the “Company”) is pleased to announce the appointment of Karim Rayani as Executive Chairman, Chief Executive Officer, and Director, effective immediately, following the resignation of Fraser Rieche as CEO and Director. Mr. Rayani is a global entrepreneur, investor, and capital markets executive with deep experience leading and growing companies in the natural resource and investment sectors. He has held ex ...

Financial Data and Key Metrics Changes - In Q4 2025, the company achieved record revenue of $320 million, an increase of $143 million compared to Q3 2025, driven by record copper concentrate sales and a 59% increase in gold doré sales [17] - Adjusted EBITDA grew to $186.7 million in Q4 and $409.7 million for the full year, with adjusted net income attributable to owners of the company at $108.4 million for the quarter and $220.4 million for the year [18] - The liquidity position at the end of Q4 stood at $150.4 million, including $105.4 million in cash and cash equivalents [19] Business Line Data and Key Metrics Changes - At CaraÃba, Q4 represented the strongest operating quarter of the year, with mill throughput reaching nearly 1.2 million tons, up 18% compared to Q3, driving copper production 15% higher quarter-on-quarter [9] - At Tucumã, copper production increased more than 22% quarter-on-quarter, also representing a record for the operation [9] - Xavantina saw a production increase of 53% quarter-on-quarter, driven by higher grades and improved throughput, resulting in nearly 20,000 ounces of gold produced in Q4 [10][11] Market Data and Key Metrics Changes - C1 cash costs per pound for copper were approximately $2.27 at CaraÃba and $1.75 at Tucumã in Q4, with the increase at Tucumã attributed to higher transportation costs and accelerated amortization of mill liners [18] - Gold C1 cash costs per ounce declined by approximately 29% from the third quarter [18] Company Strategy and Development Direction - The company is focused on advancing the Furnas project, which is expected to produce over 1.2 million tons of copper, 2 million ounces of gold, and 9 million ounces of silver over an initial 24-year mine life [5] - Capital spending across existing operations is projected to decline as the company exits a multi-year investment phase, enhancing cash generation capacity [8] - The company plans to complete an additional 50,000 meters of exploration drilling in 2026 to target extensions of high-grade mineralization [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning within the current market environment, highlighting the strong economic outcomes of the Furnas project [4] - The guidance for 2026 assumes operational performance gains achieved in Q4 will be sustained throughout the year, with consolidated copper production expected to be between 67,500 to 77,500 tons [14] - Management noted that the rainy season in Brazil is expected to impact Q1 production, with a ramp-up anticipated in Q2 and Q3 [26] Other Important Information - The company aims to maintain a strong cash position and target a net debt to EBITDA ratio below 1 times before commencing a return of capital program [20] - The company is advancing its partnership with Vale Base Metals on the Furnas project, which is seen as a cornerstone for long-term growth [22] Q&A Session Summary Question: Guidance on gold concentrate stockpiles at Xavantina - Management indicated that while Q1 is expected to have modest sales due to the rainy season, shipments are anticipated to ramp up aggressively in Q2 and Q3 [26] Question: Update on Tucumã's filter press issue - The filter press has been ordered and is expected to be operational in Q4, but it is not included in the 2026 guidance [32] Question: C1 cash cost guidance for Tucumã - Management explained that the main drivers for cost guidance include lower grades and additional maintenance efforts, which are expected to stabilize operations [45] Question: Benefits from mechanization investments at Xavantina - Management highlighted that mechanization investments aim to reduce workforce exposure and improve alignment between mine output and mill capacity [48] Question: Potential capital return once net debt to EBITDA is below one times - Management outlined that steps include reducing net debt, paying down the revolver, and discussions with shareholders regarding potential returns [51] Question: Timeline for selling down the gold concentrate stockpile - Management confirmed that the timeline for selling the stockpile has been extended to mid-2027 due to operational considerations [57] Question: Exploration spending and projects - The majority of the exploration budget will be allocated to the Furnas project, with additional opportunities being explored at other sites [61]

Alkane Resources has reported significant findings from its recent exploration activities at the Tomingley Gold Operations in New South Wales (NSW), Australia. The company has been conducting underground drilling to support the expansion of resources at the site, particularly focusing on the Roswell Deposit and nearby prospects such as El Paso. Operational since 2014, the Tomingley Gold Mine comprises both open-pit and underground mining with a processing facility capable of handling one million tonnes ...

Vancouver, British Columbia--(Newsfile Corp. - February 23, 2026) - Silver Hammer Mining Corp. (CSE: HAMR) (the "Company" or "Silver Hammer") is pleased to announce that further to its news release dated February 2, 2026, it has closed its previously announced non-brokered private placement pursuant to the Listed Issuer Exemption ("LIFE") (the "Offering"), issuing 39,136,170 units (the "Units") at a price of CDN$0.10 per Unit for gross proceeds of CDN$3,913,617."The Company is pleased to close our private ...

Core Viewpoint - MetalQuest Mining Inc. has entered into an option agreement to potentially acquire a 100% interest in the West Cameron Gold Project, marking its entry into gold exploration and diversifying its portfolio [1][3][4]. Agreement Details - The agreement provides a 40-day due diligence period, followed by an additional five business days for the company to issue a notice to proceed [2]. - If the company proceeds, it will pay a total of CAD $75,000 in cash and shares over three years, subject to a 2% Net Smelter Royalty [20]. Project Overview - The West Cameron Gold Project spans approximately 1,700 hectares and is located in the Kenora Mining District, Ontario, benefiting from established infrastructure and year-round access [7][9]. - The project is adjacent to First Mining Gold Corp.'s Cameron Gold Project, which has significant mineral resources [10]. Exploration Potential - Historical surface sampling has returned gold values up to 9.18 g/t Au, indicating promising mineralization [11]. - The project features gold mineralization associated with shear zones and an interpreted regional fault trend, which is considered favorable for exploration [14][15]. Strategic Importance - The Kenora Mining District is emerging as an active exploration region, supported by improved commodity prices and renewed interest from the industry [6]. - The acquisition aligns with the company's strategy to build a portfolio of strong exploration assets in premier mining jurisdictions [4]. Community Engagement - The company plans to engage with local First Nation communities to pursue collaborative partnerships, emphasizing its commitment to responsible exploration [7]. Industry Context - Recent acquisitions in the region, including significant transactions by Coeur Mining and First Mining Gold Corp., highlight growing interest and activity in the Kenora Mining District [12].

Core Viewpoint - Bayhorse Silver Inc. is advancing its work program for the first half of 2026, driven by strong silver and gold prices, which have increased investor interest and funding availability [1][8] Group 1: Work Program Overview - The work program includes completing a groundwater baseline study for the Full Operating Permit Application to resume underground mining operations at the Bayhorse Silver Mine, targeting up to 200 tons per day [1][5] - A limited bulk sample of 25 tons will be taken from three underground locations for metallurgical processing, with geochemical assays planned for both portions of the sample [2][3] - The program will also involve a minimum of five surface drill holes to test four identified IP targets, extending from the mine access road [4][5] Group 2: Resource and Production Details - The Bayhorse Silver Mine has a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 opt (673 g/t), equating to approximately 6.3 million ounces of silver [9] - The company has received over $650,000 from the exercise of warrants and options, facilitating the acceleration of its work programs [1][8] - The milling and flotation processes will utilize a state-of-the-art 40 ton per hour Steinert Ore-Sorter, which reduces waste rock by up to 85% [9] Group 3: Environmental and Technical Aspects - The groundwater baseline study will include installing testing pumps and conducting independent groundwater tests, with samples analyzed by Pace Environmental Labs [1][3] - The Sorter Reject material has been previously tested and shows an acid/base analysis (ABA) of 29, indicating it is not acid generating, which is crucial for mine permitting [3][7] - The company plans to conduct a full antimony leach pilot program on the flotation concentrate, aiming to confirm high leaching rates of antimony [5][7]

Core Insights - Midas Minerals has successfully completed the acquisition of the Otavi copper project in Namibia, following key conditions such as licence transfers and approval from the Namibian Competition Commission [1][4] Project Overview - The Otavi project consists of ten exclusive prospecting licences covering an area of 1,776 square kilometres, located approximately 360km northeast of Windhoek, Namibia's capital [2] - The project includes two significant deposits, T13 and Deblin, which are pending resource definition, along with several underexplored targets; modern exploration has only been conducted over 36% of the licence area [2] Drilling Activities - Midas has deployed two diamond drill rigs on the high-grade T-13 copper-silver deposit for resource drilling, with a second reverse circulation rig expected to start in early January 2026 [3] - Drilling at the Deblin copper-gold-silver deposit is also planned to commence in early 2026 [3] Company Strategy - The managing director of Midas stated that the acquisition of the Otavi project is transformational for the company, and they plan to rapidly explore and expand the resource base [4] - Midas has already initiated drilling operations with three rigs on T-13 and Spaatzu, with a fourth rig expected to arrive after the Christmas break [5] Financial Position - Midas reported approximately A$15.3 million (about $10.11 million) in cash as of September 2025, which is deemed sufficient to fund ongoing exploration at both Otavi and South Otavi into 2026 [6]

Summary of Midnight Sun Mining Corp Update - December 17, 2025 Company Overview - **Company**: Midnight Sun Mining Corp - **Focus**: Copper exploration in Zambia, specifically the Dumbwa and Kazhiba projects Key Points from the Call Industry Context - The presentation is centered around the Zambian Copperbelt, a significant area for copper mining and exploration Project Updates - **Dumbwa Project**: - Currently, 88 drill holes completed with 17,800 meters drilled over approximately 1.7 km, extending to 2.5 km for scout holes [17][18] - The drilling is divided into three blocks: Sundash Farm Block, West River Drill Block, and Dumbwa Central and North Blocks [19] - A formal resource declaration is anticipated by Q3/Q4 2026 [19] - The project is described as having a predictable mineralization pattern, with a potential for large tonnage, near-surface, low-grade copper deposits [30] - **Kazhiba Project**: - Adrian Coralku is leading the work at Kazhiba, collaborating with Kevin Bonal on the Dumbwa project [8] Technical Insights - The mineralization at Dumbwa is hosted in a north-south trending shear zone, similar to the Kansanshi deposit located nearby [32] - The geological model indicates a strong correlation between soil anomalies and underlying copper sulfide mineralization [28][30] - The project has faced delays in assay reporting due to quality control issues with the laboratory, SGS, which is being addressed [21][22][25] Assay Results and Expectations - Only 14% of the drilled holes have received assay results, with significant bottlenecks in reporting [20][21] - Initial results show promising intercepts, such as 39.7 meters at 0.51% copper, indicating potential for economic viability [49][51] - The project is expected to yield a resource of over 1 billion tons of ore, with grades potentially around 0.5% copper [30][61] Comparisons with Other Deposits - The geology of Dumbwa is comparable to that of Lumwana, with similar mineralization characteristics but differing in strike length and thickness [53][54] - The potential for Dumbwa is modeled to exceed that of Lumwana in terms of strike length, with estimates suggesting up to 11 kilometers of mineralization [54][59] Future Outlook - The team is optimistic about the potential of Dumbwa, with ongoing drilling and modeling efforts to refine resource estimates [63] - The focus remains on the southern 11 kilometers of the project, with plans to explore the northern sections as well [63] Conclusion - The call highlighted the excitement surrounding the Dumbwa project, emphasizing its potential as a tier-one copper opportunity in the Zambian Copperbelt, despite current challenges with assay reporting and geological complexities [30][62]

Core Viewpoint - McEwen Inc. is focusing on advancing three key areas at its Gold Bar Mine Complex in Nevada—Lookout Mountain, Windfall, and Unity Ridge—to increase resources, extend mine life, and potentially boost annual gold production. The integration of these areas is expected to transform the Gold Bar Mine Complex into a long-life asset [1][2]. Group 1: Lookout Mountain - The drilling program at Lookout Mountain aimed to convert Inferred Resources into Measured and Indicated categories and to obtain samples for metallurgical testing [3]. - The 2025 drilling program at Lookout Mountain has been completed, with plans to publish an updated resource estimate alongside year-end financials and to advance engineering work for production [4]. - Lookout Mountain's resource estimate includes 423,000 ounces of gold in the Measured and Indicated categories from 23,423,000 tonnes grading 0.56 grams per tonne [5]. Group 2: Windfall - A resource estimate for Windfall is scheduled for next year, with recent results indicating excellent continuity of near-surface oxide gold mineralization along a 1.6-kilometer section of the Windfall fault zone [8]. - New near-surface oxide results from Windfall show significant gold grades, including 4.6 grams per tonne over 26.7 meters in drillhole WF055 [9]. - The exploration program for Windfall will continue in 2026, focusing on higher-grade areas and advancing towards production [10]. Group 3: Unity Ridge - At Unity Ridge, the company is evaluating the potential to merge three existing open pits into one larger mining area to increase gold resources and extend mine life [11]. - Recent drill results from Unity Ridge have intersected oxide gold mineralization, with notable results including 3.6 grams per tonne over 48.8 meters in drillhole GB660 [12]. - The focus for Unity Ridge in 2026 will be on confirming gold grades and widths from historical drilling and estimating the amount of oxide gold mineralization that could be leached [14].

Core Insights - Minaurum Gold is targeting an initial resource at the Alamos silver project that may contain 50 million oz. of silver-equivalent, with a grade exceeding 300 grams per ton by the end of the year [2][3] - The project has expanded significantly over eight years, now covering 370 sq. km, with 26 identified vein zones, of which 19 have been drilled, yielding significant mineralization in 12 or more zones [3][4] - The company has reported high-grade intercepts, including 5.85 metres grading 380 grams silver per tonne and 21.45 metres of 54 grams silver and 0.37 gram gold [4][15] Company Overview - Minaurum Gold is based in Vancouver and has a team experienced in precious-metal exploration, including key figures who have previously worked on significant discoveries in Latin America [7][8] - The company has strong community relations and ESG credentials, having signed 29-year agreements with local communities for exploration and exploitation [17] Exploration and Drilling Activities - The ongoing drilling program includes 35 completed holes as part of a $9 million, 10,000-metre infill drilling initiative, confirming strong, wide zones of high-grade silver mineralization [9][5] - The Promontorio zone is a high-priority target, with significant skarn/carbonate replacement mineralization confirmed through drilling [9] Historical Context - The Alamos region has a rich silver mining history, producing approximately 200 million oz. of silver from the 17th century until the early 20th century, with historical mine widths exceeding 20 metres and grades over 2,000 grams silver per tonne [11][12] Future Plans - Minaurum plans to raise additional funds early next year to support resource updates and aims to outline 100 million ounces of silver [19] - The company is committed to sustainable practices, utilizing Indigenous staff for drilling operations and maintaining low environmental impact through traditional transport methods [17][18]