Core Viewpoint - Kinross Gold Corporation is advancing the construction of three organic growth projects, which are expected to significantly enhance production, extend mine life, and improve long-term cost efficiency within its U.S. portfolio, contributing a total of 3 million ounces of life-of-mine production [1][7]. Group 1: Project Overview - The three projects include Round Mountain Phase X, Bald Mountain Redbird 2, and Kettle River-Curlew, all of which are anticipated to extend mine life and enhance production capabilities [1][7]. - The projects are expected to maintain a production profile of 2 million gold equivalent ounces per year, with specific contributions of 400,000 ounces per year from 2029 to 2031 and a total of 3 million ounces from 2028 to 2038 [5][7]. Group 2: Financial Highlights - The combined internal rate of return (IRR) for the projects is projected at 55%, with a cumulative post-tax net present value (NPV) exceeding $4.1 billion at a gold price of $4,300 per ounce [5][7]. - Capital expenditures for the projects are forecasted at approximately $425 million in 2026, with total attributable capital expenditures for the global portfolio expected to be around $1.5 billion [5][63]. Group 3: Round Mountain Phase X Details - The Phase X project is expected to produce approximately 1.4 million gold equivalent ounces over an initial 11-year mine life, extending production at Round Mountain until 2038, with an average annual production of about 140,000 ounces from 2029 to 2037 [13][15]. - The project will have an all-in sustaining cost (AISC) of $1,680 per gold equivalent ounce, which is expected to lower the cost profile at Round Mountain [13][15]. Group 4: Kettle River-Curlew Highlights - The Curlew project is projected to produce approximately 940,000 ounces over an initial 11-year mine life, averaging about 100,000 ounces per year for the first five years [34][39]. - The average mining grade is expected to be 5.8 g/t, with an AISC of $1,726 per ounce over the life of the mine [34][39]. Group 5: Bald Mountain Redbird 2 Highlights - The Redbird 2 project is expected to yield approximately 640,000 ounces, with first production anticipated in 2028 and an average production of about 155,000 ounces per year from 2028 to 2031 [49][51]. - The project will have an AISC of $1,466 per ounce, benefiting from existing infrastructure and economies of scale [51][53]. Group 6: Exploration and Upside Potential - There is significant potential for resource extensions and further exploration at all three projects, with existing intercepts indicating higher grades and improved mineability [29][45]. - The company is focused on leveraging its existing infrastructure and historical production capabilities to maximize the potential of these projects [33][39].

Core Insights - Minera Alamos Inc. reported strong preliminary operational results for Q4 2025, marking its first quarter as a gold producer following the acquisition of the Pan Operating Complex [2][3] - The company produced 9,165 ounces of gold in Q4 2025, exceeding its forecast of 8,500-9,000 ounces, and achieved a full-year production of 35,303 ounces, meeting its annual guidance of 30,000-40,000 ounces [3][7] - The all-in sustaining cost (AISC) for Q4 2025 was reported at US$1,604 per ounce, with preliminary cash costs at US$1,549 per ounce [3][7] - The company's unrestricted cash balance increased to US$34 million as of December 31, 2025, positioning it well for future growth [4][7] Production and Financial Performance - The Pan mine produced 9,165 ounces of gold in Q4 2025 and sold 8,492 ounces, with the remaining 673 ounces sold at the beginning of 2026 [3][7] - The company ended the year with a record cash balance of US$34 million, reflecting strong operational performance and cost discipline [3][4] - Full-year gold production of 35,303 ounces was achieved, aligning with the company's annual guidance [3][7] Strategic Positioning - Minera Alamos aims to become a leading intermediate gold producer focused on the Americas by leveraging the Pan mine as a cash flow engine and developing a pipeline of high-quality, low-capital projects [3][11] - The company is positioned to expand its gold resources across its portfolio, which includes several projects in North America [11]

Vancouver, British Columbia--(Newsfile Corp. - January 15, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQB: CBGZF) ("Cabral" or the "Company") is pleased to announce results from seven additional diamond drill holes ("DDH") and two reverse circulation ("RC") drill holes at the Machichie Main gold deposit within the Cuiú Cuiú Gold District, Brazil.HighlightsDrilling at the Machichie Main zone located 500m north of the MG gold deposit, continues to both infill and extend the mineralized zone at depth. RC587 retu ...

Core Insights - TRX Gold Corporation reported record production and strong financial performance for Q1 2026, with significant increases in gold production and revenue compared to the previous year [2][3]. Financial Performance - The company poured a record 6,597 ounces of gold and sold 6,492 ounces at an average realized price of $3,860 per ounce, generating revenue of $25.1 million and gross profit of $14.2 million, reflecting a 57% margin [2][3]. - Adjusted net income for Q1 2026 was $7.7 million, with EBITDA of $13.2 million, indicating strong cash flow and operational efficiency [3][5]. - The current ratio improved from approximately 1.3 to 1.7, demonstrating enhanced working capital position [3]. Production and Operations - The company is on track to meet its fiscal 2026 production guidance of 25,000 to 30,000 ounces of gold at a total average cash cost of $1,400 to $1,600 per ounce [3]. - The mining rate increased to 14,903 tonnes per day, with a strip ratio of 5.0, indicating improved operational efficiency [5]. Process Plant Expansion - TRX Gold is advancing plans to upgrade and expand its processing plant, with a new design expected to produce over 62,000 ounces of gold annually, financed through internally generated cash flow [3][5]. - Progress has been made on the 2,000 tonnes per day plant upgrades, with key components being procured and manufactured [3]. Exploration and Development - The company initiated its fiscal 2026 exploration program, completing a detailed ground magnetic survey to identify new drilling targets [4][3]. - The ROM stockpile increased from approximately 15,162 ounces to an estimated 19,698 ounces, indicating successful access to higher-grade ore [3]. Health and Safety - TRX Gold achieved zero lost time injuries and no reportable environmental incidents during Q1 2026, reflecting a strong commitment to health, safety, and environmental standards [7].

Core Viewpoint - Scorpio Gold Corporation has entered into a property option agreement to acquire a 100% interest in the Betty East Property, enhancing its exploration footprint in the Manhattan District of Nevada [1][6]. Property Details - The Betty East Property consists of thirty-two unpatented lode mining claims located in Nye County, Nevada [1]. - Historical exploration has been limited, with Nevada Goldfields Inc. conducting shallow drilling in the early 1990s, identifying near-surface gold mineralization [2]. - Recent work by Sierra Grande Minerals Inc. included a soil geochemical survey that revealed high gold soil results, with values of 6.27, 5.06, 1.19, and 0.69 g/t Au [3]. - Additional sampling outlined a broad zone with elevated levels of As, Hg, Ag, Sb, Mo, and locally elevated Au, extending over 1.5 km in length and up to 1 km in width [4]. Geological Context - The Property is geologically contiguous with the southern portion of the Manhattan District, suggesting potential for both shallow oxide mineralization and deeper mineralized systems [5]. - Scorpio Gold has staked additional claims to consolidate land coverage, enhancing exploration capabilities across the district [5][6]. Agreement Terms - The option agreement requires staged cash and share payments totaling USD$900,000 and 950,000 common shares, along with USD$1,000,000 in exploration expenditures over five years [7][9]. - Payments are structured in stages, with initial payments of USD$30,000 and 100,000 shares due within five days of the agreement's effective date [9]. - Upon exercising the option, the Optionor will receive a 2% net smelter returns royalty, with the Company retaining the right to buy back half of this royalty [10]. Historical Context - The Manhattan District has historically produced approximately 700,000 ounces of gold, with significant past-producing mines now consolidated under Scorpio Gold [12]. - The maiden mineral resource estimate indicates 18,343,000 tonnes grading 1.26 g/t gold, totaling 740,000 ounces of contained gold in the inferred category [12].

Core Viewpoint - Newmont Corporation's shares have increased by 26.2% over the past three months, driven by record-high gold prices and strong earnings performance [1][7]. Group 1: Stock Performance - NEM stock has outperformed the Zacks Mining – Gold industry's 17.5% rise and the S&P 500's increase of 6% [2]. - Among gold mining peers, Barrick Mining Corporation, Agnico Eagle Mines Limited, and Kinross Gold Corporation have gained 46.7%, 12.9%, and 29.1%, respectively, over the same period [2]. Group 2: Technical Indicators - NEM has been trading above its 200-day simple moving average (SMA) since April 9, 2025, indicating a long-term uptrend [5]. - The 50-day SMA is higher than the 200-day SMA, following a golden crossover on April 16, 2025, suggesting a bullish trend [5]. Group 3: Growth Projects and Divestitures - Newmont is investing in growth projects, including the Ahafo North expansion in Ghana and the Cadia Panel Caves and Tanami Expansion 2 in Australia, aimed at expanding production capacity [10]. - Ahafo North is expected to produce between 275,000 and 325,000 ounces of gold annually over an estimated mine life of 13 years, with production ramping up to full capacity in 2026 [11]. - The company completed its non-core divestiture program in April 2025, generating around $470 million from the sale of non-core assets [12]. - Newmont anticipates generating $3 billion in after-tax cash proceeds from its 2025 divestiture program to support its capital allocation strategy [13]. Group 4: Financial Health - Newmont has a strong liquidity position of $9.6 billion, including cash and cash equivalents of around $5.6 billion [14]. - Free cash flow more than doubled year over year to a record $1.6 billion, with net cash from operating activities increasing by 40% to $2.3 billion [14]. - The company has distributed over $5.7 billion to shareholders through dividends and share repurchases over the past two years [15]. Group 5: Gold Price Dynamics - Gold prices surged about 65% last year, currently trading above $4,600 per ounce, supported by central bank buying and expectations of rate cuts [18][19]. - Increased geopolitical tensions and macroeconomic uncertainty are expected to sustain favorable conditions for gold prices [19]. Group 6: Production Outlook - Newmont reported a 15% year-over-year and 4% sequential decline in gold production for Q3 2025, reaching 1.42 million ounces [21]. - The company expects fourth-quarter production of 1.415 million ounces, indicating a roughly 25% year-over-year decline [22]. Group 7: Earnings Estimates - Newmont's earnings estimates for 2025 have been revised higher, with the Zacks Consensus Estimate currently pegged at $6.32, suggesting year-over-year growth of 81.6% [23]. Group 8: Valuation - Newmont is currently trading at a forward price/earnings of 15.42X, a premium to the industry's average of 14.66X [25]. Group 9: Investment Recommendation - Newmont presents an attractive investment case backed by a robust portfolio of growth projects and solid financial health, despite challenges from lower production [26].

Core Viewpoint - Trident Resources Corp. has initiated a 10,000-metre winter diamond drilling program at the Contact Lake Gold Project, aiming to confirm historical gold mineralization, expand known zones, and explore new targets based on updated geological interpretations [1][3]. Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange, focusing on the acquisition, exploration, and development of advanced-stage gold and copper projects in Saskatchewan, Canada [10]. Drill Program Details - The 2026 winter drill program follows a successful 2025 drill program that intersected high-grade gold and broad zones of alteration and mineralization [3]. - The current drill program will consist of approximately 10,000 metres across up to 40 drill holes targeting high-priority zones identified through structural mapping, geophysical surveys, and historical data reviews [7]. - Drilling will occur on both land and ice-based locations at the Contact Lake target area, as well as at the adjacent Preview SW deposit [7]. Financial Position - The winter drill program is fully funded, with the company holding over $12 million in cash and marketable securities, ensuring a strong financial position to execute its exploration plans [5]. Historical Context - The Contact Lake site had not been explored for nearly 30 years prior to the 2025 drill program, indicating significant potential for new discoveries in the region [3].

Core Viewpoint - Trident Resources Corp. has initiated a 10,000-metre winter diamond drilling program at the Contact Lake Gold Project to confirm historical gold mineralization, expand known zones, and explore new targets based on updated geological interpretations [1][3]. Group 1: Drill Program Details - The 2026 winter drill program follows a successful 2025 drill program that intersected high-grade gold and broad zones of alteration [3]. - The drill program will consist of approximately 10,000 metres across up to 40 drill holes targeting high-priority zones identified through structural mapping and geophysical surveys [8]. - Drilling will occur on both land and ice-based locations at the Contact Lake target area, as well as at the adjacent Preview SW deposit [8]. Group 2: Financial Position - The winter drill program is fully funded, with the company holding over $12 million in cash and marketable securities, ensuring a strong financial position for executing exploration plans [5]. Group 3: Historical Context and Potential - The Contact Lake site had not been explored for nearly 30 years prior to the 2025 drill program, indicating significant untapped potential [3]. - The CEO of Trident Resources expressed confidence that the Contact Lake project could become one of the more significant new gold projects in the La Ronge Gold Belt [5].

Core Viewpoint - Serabi Gold plc reported a record annual gold production of 44,169 ounces for FY2025, achieving an 18% increase compared to FY2024, driven by the ramp-up of the Coringa Mine and successful operational strategies [3][4][7]. Production Highlights - The company achieved quarterly gold production of 11,534 ounces in Q4-2025, marking a 15% increase from Q4-2024 [7]. - Total mined ore for Q4-2025 was 55,899 tonnes at an average grade of 6.65 g/t Au, compared to 51,625 tonnes at 7.24 g/t Au in Q3-2025 [9]. - The Palito Complex processed 55,607 tonnes at 6.63 g/t Au in Q4-2025, reflecting operational efficiency [9][10]. Financial Performance - Cash balance at the end of December 2025 was $49.2 million, up from $22.2 million at the end of December 2024, with a net cash balance of $42.1 million after liabilities [12]. - The company anticipates further growth in cash balance and production in 2026, with guidance set at 53,000 to 57,000 ounces of gold [8][13]. Exploration and Growth Strategy - An aggressive 30,000 metre brownfield exploration programme was completed, with encouraging drilling results leading to the discovery of new zones [6]. - The company aims to increase its mineral resource inventory to between 1.5 million ounces and 2.0 million ounces of gold as part of its Phase II growth strategy [6]. Operational Developments - The Coringa Mine's ramp-up continues, with successful mechanized mining operations contributing to production growth [4][5]. - The ore sorter technology has been pivotal in processing low-grade ore, enhancing overall production efficiency [5].

Core Viewpoint - Serabi Gold plc reported a record annual gold production of 44,169 ounces for FY2025, achieving an 18% increase compared to FY2024, driven by the ramp-up of the Coringa Mine and successful operational strategies [3][4][7]. Production Highlights - The company achieved quarterly gold production of 11,534 ounces in Q4-2025, marking a 15% increase from Q4-2024 [7]. - Total mined ore for Q4-2025 was 55,899 tonnes at an average grade of 6.65 g/t Au, compared to 51,625 tonnes at 7.24 g/t Au in Q3-2025 [10][11]. - The Palito Complex processed 55,607 tonnes at 6.63 g/t Au in Q4-2025, reflecting operational efficiency [10]. Financial Performance - Cash balance at the end of December 2025 was $49.2 million, up from $22.2 million at the end of December 2024, with a net cash balance of $42.1 million after liabilities [15]. - The company anticipates further growth in cash balance and production in 2026, with guidance set at 53,000 to 57,000 ounces of gold [9][16]. Exploration and Growth Strategy - An aggressive 30,000 metre brownfield exploration programme was completed, with encouraging drilling results leading to the discovery of new zones [6]. - The company aims to increase its mineral resource inventory to between 1.5 million ounces and 2.0 million ounces of gold as part of its Phase II growth strategy [6]. Operational Developments - The Coringa Mine's ramp-up continues, with successful mechanized mining operations contributing to production growth [4][5]. - The ore sorter technology has been pivotal in processing low-grade ore, enhancing overall production efficiency [5].