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Centerra Gold Announces 2025 Year-End Mineral Reserves and Resources and Provides Exploration Update; Gold and Copper Reserves Increased 58% and 49%
Globenewswire· 2026-02-19 22:01
All figures are in United States dollars unless otherwise stated. This news release contains forward-looking information that is subject to risk factors and assumptions as set out in the “Cautionary Note Regarding Forward-Looking Information” below. TORONTO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announces its 2025 year-end estimates for mineral reserves and mineral resources. Proven and probable gold mineral reserves increased 58% year-ove ...
Eldorado Gold Provides 2026 Guidance; Three-Year Outlook Targets 40% Gold Production Growth; Skouries Construction Update
Globenewswire· 2026-02-19 22:01
(All dollar figures are in US dollars, unless otherwise stated) VANCOUVER, British Columbia, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) (TSX: ELD) (NYSE: EGO) today provides 2026 production and cost guidance, together with a three-year production outlook that reflects the Company’s near-term growth profile and step-change to a higher steady-state production level from 2027 onward. Consolidated 2026 cost guidance includes the Company’s current operating mines: t ...
Eldorado Gold Delivers Strong 2025 Full Year and Fourth Quarter Financial and Operational Results; Significant Free Cash Flow Excluding Skouries and Increased Cash Generated From Operating Activities
Globenewswire· 2026-02-19 22:00
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the "Company”) today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2025. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) filed on SEDAR+ at www.sedarplus.com under the Company’s profile. Q4 2025 and ...
Eldorado Gold Delivers Strong 2025 Full Year and Fourth Quarter Financial and Operational Results; Significant Free Cash Flow Excluding Skouries and Increased Cash Generated From Operating Activities
Globenewswire· 2026-02-19 22:00
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the "Company”) today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2025. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) filed on SEDAR+ at www.sedarplus.com under the Company’s profile. Q4 2025 and ...
Centerra Gold Reports Fourth Quarter and Full Year 2025 Results; Delivered Robust Annual Production and Beat Cost Guidance; 2026 Outlook Remains Strong as Centerra Executes its Self-Funded Growth Strategy
Globenewswire· 2026-02-19 22:00
This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary Statement on Forward-Looking Information” below. All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the “Non-GAAP and Other Financial Measures” disclosure at the end of this news release for a description of these measure ...
Liberty Gold Strengthens Executive Team to Support Advancement of Black Pine
Globenewswire· 2026-02-19 22:00
VANCOUVER, British Columbia, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the promotion of two senior leaders to Vice President positions, further strengthening the executive team as the Company advances its flagship Black Pine Oxide Gold Project toward development. Susie Bell has been promoted to Vice President, Investor Relations and Corporate Communications, and Matthew Zietlow has been promoted to Vice President, P ...
Gold Royalty Announces Amended and Upsized Revolving Credit Facility of up to US$150 Million at Reduced Interest Cost and Provides an Update on Selected Portfolio Assets
Prnewswire· 2026-02-19 22:00
Core Viewpoint - Gold Royalty Corp. has amended and increased its revolving credit facility to up to US$150 million, which will lower its interest costs and support future growth strategies [1][2]. Group 1: Credit Facility Details - The amended facility includes a US$125 million secured revolving credit line with an accordion feature for an additional US$25 million, subject to conditions [1]. - The interest rate is based on SOFR plus a margin of 2.25%-3.25%, reflecting a 25-basis points reduction [1]. - The facility is set to mature in November 2028 [1]. Group 2: Portfolio Asset Updates - Vareš (100% copper stream) reported production recommencement in January 2026, with improved production expectations for the year [1]. - Tonopah West (3.0% NSR) closed a C$15 million financing to fund exploration and pre-development activities, with a mineral resource estimate expected in February 2026 [1]. - South Railroad (0.44% NSR) is advancing through federal and state approvals, with a feasibility study reaffirming its robust economics [1]. - Ren (1.5% NSR & 3.5% NPI) is nearing completion of ventilation shaft excavation, with full production expected in 2027 [1]. - Odyssey (0.5% - 3.0% NSR) is ahead of schedule, with initial production anticipated in 2033 [1]. - Jerritt Canyon (0.5% NSR) completed significant drilling in 2025, with results expected in early 2026 [1]. - Granite Creek (10% NPI) reported high-grade assay results, supporting its geological model [1]. - County Line (3% NSR) commenced operations and made its first shipment of mineralization [1]. - Côté Gold (0.75% NSR) is focusing on mining and milling efficiency, with plans for additional infrastructure [2]. Group 3: Management Commentary - The CEO expressed satisfaction with the development progress of operators in 2025 and anticipates significant revenue and cash flow growth from cash-flowing assets in 2026 and beyond [2].
PRU increases Nyanzaga Project Ore Reserves to 4.0Moz
Globenewswire· 2026-02-19 21:45
Core Viewpoint - Perseus Mining Limited has announced a significant increase in the Ore Reserve for the Nyanzaga Gold Project in Tanzania, now totaling 4.0 million ounces (Moz), which is a 73% increase from the previous estimate of 2.3 Moz reported in April 2025 [1][2]. Group 1: Ore Reserve Details - The updated Ore Reserve for the Nyanzaga Gold Project is classified as Probable, based on a total of 90.9 million tonnes (Mt) grading 1.38 grams per tonne (g/t) gold, containing 4.0 Moz of gold [17][18]. - The mine life for the Nyanzaga Gold Project has been extended to 16 years, with 14 years of production expected to exceed 200,000 ounces (koz) per annum [2][8]. - The increase in Ore Reserves is supported by approximately 82,700 meters of drilling aimed at infilling and extending mineralization, converting Inferred Mineral Resources to Indicated [4][9]. Group 2: Production and Financial Metrics - Total gold production over the 16-year mine life is estimated at 3.5 Moz, based on the updated Probable Ore Reserve [5]. - The average All-In Site Cost (AISC) over the life of the mine is projected to be US$1,621 per ounce [14]. - The project is expected to generate an undiscounted free cash flow post-tax of US$2,651 million, with a Net Present Value (NPV) of US$864 million at a 10% discount rate and an Internal Rate of Return (IRR) of 28.8% post-tax [14]. Group 3: Mineral Resource Estimate - The combined Measured and Indicated Mineral Resource for the Nyanzaga Gold Project is estimated at 110.4 Mt grading 1.33 g/t Au, containing 4.7 Moz of gold, with an additional 6.5 Mt classified as Inferred Mineral Resources [9][11]. - The mineralization is concentrated in two deposits: Tusker and Kilimani, with significant contributions from both areas [9][12]. Group 4: Tenement and Ownership Structure - Perseus Mining holds an 80% interest in the Nyanzaga Gold Project, with the Government of Tanzania owning a 20% non-contributing interest [8][12]. - The project is supported by a Special Mining Lease and several granted prospecting licenses, ensuring a stable tenure for operations [12][13].
PRU H1 FY26 Results Announcement
Globenewswire· 2026-02-19 21:45
Core Viewpoint - Perseus Mining Limited reported significant financial improvements for H1 FY26, including a profit after tax of US$185.5 million and a 100% increase in interim dividend to AUD 5.0 cents per share, reflecting strong operational performance and cash flow generation [1][6]. Financial Performance Summary - Revenue for H1 FY26 reached US$608.5 million, a 5% increase compared to the previous year, driven by a 38% rise in average gold price to US$3,241 per ounce, despite a 23% decrease in gold sold [6][9]. - EBITDA was reported at US$315.5 million, while operating cash flow was US$193.4 million, down 22% from the previous year [6][10]. - Profit after tax decreased by 8% to US$185.5 million compared to US$201.1 million in H1 FY25 [6][10]. - The company maintained a strong balance sheet with net tangible assets increasing to US$2,132 million and cash and bullion totaling US$755 million [5][12]. Dividend Declaration - The interim dividend declared is AUD 5.0 cents per share, representing a 100% increase from the previous interim dividend of AUD 2.5 cents per share, with an estimated outflow of US$47.3 million [15][6]. - The dividend yield is calculated at 0.91% based on a volume-weighted average share price of AUD 5.499 as of December 31, 2025 [15]. Operational Insights - The company experienced a transition in mining areas and significant advancements in capital growth projects, contributing to robust cash flows and a strong balance sheet [3][4]. - Higher royalties were incurred due to increased gold prices and a 2% rise in royalty rates in Côte d'Ivoire, amounting to US$20 million for the half year [14]. - The company reported a foreign exchange loss of US$26.9 million, primarily due to the weakening of the USD [14]. Production and Cost Guidance - Perseus confirmed FY26 market guidance for gold production between 400,000 to 440,000 ounces at an all-in site cost (AISC) of US$1,600 to US$1,760 per ounce [6][22].
Newmont Fourth-Quarter Profit, Sales Climb Amid Surging Gold Prices
WSJ· 2026-02-19 21:43
Group 1 - The gold-mining company reported a profit of $1.30 billion [1] - The price of gold increased by 60% compared to the previous year [1]