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Safe-haven rally masks deeper drivers in gold and silver markets- Bawden Capital
KITCO· 2026-02-23 20:29
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Teck Resources (NYSE:TECK) Conference Transcript
2026-02-23 19:32
Teck Resources Conference Call Summary Company Overview - **Company**: Teck Resources (NYSE: TECK) - **Industry**: Mining, specifically focused on copper and zinc operations Key Highlights 1. **Merger with Anglo American**: Teck is progressing towards a merger with Anglo American, which is expected to position the combined entity as a top five global copper producer with over 1.2 million tons of annual copper production supported by six world-class copper assets [3][4] 2. **Regulatory Approvals**: The merger has received completion and antitrust approvals from multiple jurisdictions including Canada, Chile, Australia, Japan, the EU, and the US, with only two approvals remaining [4] 3. **Operational Review**: A comprehensive operational review was completed, leading to a strong operational performance in 2025 and reaffirmation of annual production guidance for 2026 to 2028 [4][11] 4. **Financial Performance**: In 2025, Teck reported a 48% increase in Adjusted EBITDA to $4.3 billion, driven by higher copper prices and increased by-product revenue, resulting in an adjusted EBITDA margin of approximately 50% in Q4 [5][6] 5. **Shareholder Returns**: Teck returned $1.3 billion to shareholders through share buybacks and dividends in 2025, maintaining a robust balance sheet and returning to a net cash position by year-end [6] Operational Insights 1. **Quebrada Blanca (QB) Performance**: QB's quarterly copper production reached 55,000 tons, with significant progress on the TMF development work, expected to enable steady state operations by the end of 2026 [5][9] 2. **Production Guidance**: Teck reaffirmed its annual production guidance for 2026 to 2028, with expectations of further growth in copper production and significant operating cash flows [11][12] 3. **Copper Price Outlook**: The copper price reached record highs in Q4 2025, with a quarterly average exceeding $5 per pound, and a consensus price increase of 35% from $4 to $5.35 per pound for 2026 [13][14] Market Dynamics 1. **Demand Drivers**: The demand for copper is expected to outpace economic growth, driven by urbanization, electrification, and the expansion of the electrical grid, with a near double-digit CAGR anticipated through the end of the decade [16] 2. **Supply Constraints**: Existing mine production is expected to decline starting in 2027, with limited growth options beyond 2029, creating a compelling long-term outlook for copper [17][18] 3. **Investment Opportunities**: Teck plans to unlock additional copper production through optimization projects, including a potential increase of 175,000 tons per annum from processing higher-grade ore from Quellaveco [27] Strategic Focus 1. **Critical Minerals Strategy**: Teck has refocused its portfolio on critical minerals, exiting its energy and steelmaking coal businesses, and completing the QB2 project, which is expected to generate substantial cash flow for decades [18][19] 2. **Value Creation from Merger**: The merger with Anglo American is expected to deliver $800 million in annual corporate synergies and $1.4 billion in annual underlying EBITDA uplift from combined operations [20][21] 3. **Future Growth**: Teck aims to balance capital investment in growth projects with shareholder returns, focusing on high-return opportunities within the combined portfolio post-merger [29] Additional Considerations 1. **Chinese Regulatory Review**: The merger is undergoing a normal regulatory review process in China, with no anticipated changes to the expected timeline of 12-18 months for completion [32] 2. **Operational Stability**: The company is focused on maintaining operational stability and executing its plans effectively, with significant improvements noted in the TMF development work [24][25]
Seahawk Announces Definitive Agreements for Proposed Acquisition of Arizona and New Mexico Property Portfolio
TMX Newsfile· 2026-02-23 17:08
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2026) - Seahawk Ventures Inc. (CSE: SEAG.X) (OTC Pink: SEHKF) ("Seahawk" or the "Company"), is pleased to announce further to its press release dated October 29, 2025, it has entered into two binding share exchange agreements for the acquisition of two private companies (the "SRG Cos") to replace and supersede its October 27, 2025 letter of intent, following a re-organization of Redline Minerals Inc. ("Redline")The acquisitions of the SRG Cos (the ...
Silver Hammer Closes CDN$3,913,617 Non-Brokered Private Placement Pursuant to Listed Issuer Exemption
TMX Newsfile· 2026-02-23 17:00
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 ...
TNR Gold eyes first royalty payment following Mariana Lithium shipment
Proactiveinvestors NA· 2026-02-23 15:05
Company Overview - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is a forward-looking technology adopter, utilizing automation and software tools, including generative AI, to enhance workflows [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
Ocean Power Technologies reports progress on offshore autonomy initiatives
Proactiveinvestors NA· 2026-02-23 14:33
Company Overview - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Gold vs. Silver Showdown: Should You Buy SGDM or SIL ETF?
Yahoo Finance· 2026-02-23 14:00
The Global X - Silver Miners ETF (NYSEMKT:SIL) and the Sprott Gold Miners ETF (NYSEMKT:SGDM) offer concentrated exposure to mining companies, but their underlying focus diverges: SIL zeroes in on silver miners globally, while SGDM tracks gold producers primarily in the U.S. and Canada. The two ETFs differ most in metal exposure, recent performance, and fund size, with SIL leading in recent returns and assets under management (AUM), while SGDM offers a lower expense ratio and milder historical drawdowns. T ...
Nasdaq and Dow Jones set to start week lower as Trump resets tariffs
Proactiveinvestors NA· 2026-02-23 12:56
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Nickel 28 Releases Ramu Q4 and Full Year 2025 Operating Performance
TMX Newsfile· 2026-02-23 12:55
Toronto, Ontario--(Newsfile Corp. - February 23, 2026) - Nickel 28 Capital Corp. (TSXV: NKL) (FSE: 3JC0) ("Nickel 28" or the "Company") is pleased to provide operational results for the quarter ending December 31, 2025, and for the full calendar year of 2025 for the Company's largest asset; the Ramu Nickel-Cobalt ("Ramu") integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by the Metallurgical Corporation of China ("MCC").Full Year Q ...
Hemlo Mining Corp. Announces Strong 2025 Gold Production of 143,458 Ounces (Including 20,192 Ounces in December) and Provides Operational Update
Prnewswire· 2026-02-23 11:30
Core Viewpoint - Hemlo Mining Corp. reported strong gold production in 2025, totaling 143,458 ounces, and outlined an operational strategy for 2026 aimed at optimizing the Hemlo Gold Mine's infrastructure and increasing production capacity over the next two years [1][2]. Production Highlights - The 2025 gold production included 20,192 ounces in December, with an average grade of 4.71 grams per tonne [1]. - This production level represents the highest output from the Hemlo camp in the past four years and met previously stated production guidance [1]. Operational Strategy - The company is implementing a structured Action Plan to enhance existing infrastructure and drive production ramp-up through 2026-2028, focusing on mine recovery initiatives, optimized sequencing, and ventilation upgrades [1][2]. - The transition to an owner-operator model is expected to improve operational control and reduce costs, with approximately 70% of contractor staff sourced from local communities [1][2]. Investment and Equipment - An investment of over US$30 million is planned for 21 new pieces of mobile equipment to be delivered throughout 2026, aimed at increasing mine productivity and reducing bottlenecks [2]. - The company anticipates further equipment additions in 2027 as part of a program to modernize the mine fleet [2]. Health, Safety, and Environmental Focus - The company plans to conduct an independent assessment of its Health, Safety, and Environmental management systems, emphasizing risk management and workplace culture [1][2]. - Continued implementation of the Mining Association of Canada's Towards Sustainable Mining standard is part of the broader focus for 2026 [1]. Future Outlook - The company aims to increase the underground mining rate to maximize hoisting capacity, which currently operates at approximately 60% [1]. - An updated mineral resource and reserves estimate is planned for the second half of 2027, aligning with the company's growth strategy [2].