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Legacy Gold Hits 5.3 g/t Gold over 10ft (3m) Extending Zones 164m West; 0.66 g/t Gold over 40ft (12.2m) Extending Zones 136m North; 6.7 g/t Gold over 15ft (4.6m) in Twin Hole at Baner Property, Idaho
TMX Newsfile· 2026-02-19 12:25
Calgary, Alberta--(Newsfile Corp. - February 19, 2026) - Legacy Gold Mines Ltd. (TSXV: LEGY) (the "Company" or "Legacy Gold") is pleased to report assay results from the final four (4) Reverse Circulation (RC) drill holes from its 2025 surface exploration program on the Baner Gold Mine Property (the "Property"), in Idaho County, Idaho, USA, which is optioned by the Company. The latest results returned multiple intersections targeting the northern portion of the previously drilled Main Zone on the Property ...
Sranan Gold Drilling Continues to Expand Randy's Pit Target
TMX Newsfile· 2026-02-19 12:20
Core Insights - Sranan Gold Corp. has announced positive assay results from its ongoing diamond drilling program at the Randy's Pit target, indicating significant near-surface gold mineralization [1][2]. Drilling Results - Drill hole 26RADD-023 encountered 30 meters of 0.67 grams per tonne gold starting at 99 meters downhole, including a one-meter interval assaying 12.53 g/t Au [2]. - Drill hole 26RADD-021 reported an interval of 4 meters averaging 6.58 g/t Au, with one meter grading 21.8 g/t Au [2]. - Drill hole 26RADD-022 contained a 20.6-meter interval of 0.64 g/t Au starting from the surface [2]. - Drill hole 26RADD-020 tested the structural gap between northern and southern portions of Randy's Pit, confirming mineralization continuity [2]. Mineralization Characteristics - The Poeketi Shear Zone (PSZ) hosts the gold mineralization at Randy's Pit, characterized as a mylonitic shear zone with visible gold often seen on shear planes in the core [4]. - The PSZ shows progressive strain with extensional vein sets, indicating a well-mineralized gold system with multiple ore shoots and high grades at shallow depths [4][8]. Company Overview - Sranan Gold Corp. is focused on mineral exploration and acquisition of mineral property assets in Suriname, with its flagship Tapanahony Project covering 29,000 hectares [10]. - The company has recently acquired the 18,468-hectare Lawatino Project, further expanding its portfolio in a prolific gold mining district [10].
White Gold Corp. Recognized as a Top 50 TSX Venture Company
TMX Newsfile· 2026-02-19 12:00
Core Insights - White Gold Corp. has been recognized as one of the top-performing companies for 2025 on the TSX Venture Exchange, ranking among the TSX Venture 50TM [1][2] Company Highlights - The company owns a portfolio of 15,362 quartz claims across 21 properties, covering 305,102 hectares (3,051 km²), representing approximately 40% of the Yukon's White Gold District [7][12] - The flagship White Gold project contains an estimated 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne) and 1,265,900 ounces in inferred resources (32.2 million tonnes grading 1.22 g/t) [7][12] - Significant expansion potential exists for the resources and surrounding areas, with ongoing regional exploration yielding new discoveries and prospective targets [12] Upcoming Catalysts and Milestones - The company plans to deliver its maiden Preliminary Economic Assessment in the first half of 2026 [3][12] - A spinout of critical mineral assets is underway to create a new publicly listed exploration company focused on critical minerals, with shares to be distributed to existing shareholders [12] - The 2026 exploration program is anticipated to be the largest in the company's history, aimed at increasing the size of the high-grade gold resource and discovering new gold and critical mineral deposits [12]
Abcourt announces its financial results for the quarter ended December 31, 2025
Globenewswire· 2026-02-19 12:00
ROUYN-NORANDA, Quebec, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB : ABMBF) announces its financial results for the second quarter ended December 31, 2025. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+. Summary of financial results (In dollars)Three months ended December 31,Six months ended Decembe ...
Alamos Gold Announces Refiling of 2025 Financial Statements Due to Administrative Error
Globenewswire· 2026-02-19 11:55
Core Viewpoint - Alamos Gold Inc. has refiled its consolidated financial statements for the years ended December 31, 2025, and 2024, to correct administrative errors in the audit opinion, with no changes to reported results for 2025 [2]. Company Overview - Alamos Gold Inc. is a Canadian-based intermediate gold producer with diversified production from three operations in North America, including the Island Gold District and Young-Davidson mine in Ontario, Canada, and the Mulatos District in Sonora, Mexico [3]. - The company has a strong portfolio of growth projects, including the IGD Expansion and the Lynn Lake project in Manitoba, Canada [3]. - Alamos employs over 2,400 people and is committed to sustainable development [3].
Hemlo Mining unveils B-Zone drilling results at gold mine in Canada
Yahoo Finance· 2026-02-19 11:41
Canadian gold producer Hemlo Mining has announced findings from its 2025 B-Zone exploration drilling programme at the Hemlo Gold Mine near Marathon, Ontario. The latest drilling results have extended mineralisation at the mine by 400m in depth and identified a new mineralised zone within the Cedar Creek area. The mineral resource conversion drilling has enhanced geological certainty and is anticipated to facilitate a possible increase in indicated mineral resources around 100m beneath current mining lev ...
Goliath Reports Numerous High-Grade Intercepts Up To 10.83 g/t AuEq Over 22.82 Meters, Grade Values Increased By 13.2% In 54 Gold Equivalent Drill Results, Assays Pending On A Further 56 AuEq Holes Drilled In 2025, Surebet Discovery, Golden Triangle, B.C.
Globenewswire· 2026-02-19 11:19
Core Insights - Goliath Resources Limited reports a 13.2% increase in overall gold-equivalent grades from previous assays, indicating significant mineralization potential at the Surebet Discovery [2][5][6] - The drilling results confirm the continuity and high-grade nature of gold mineralization across multiple zones, with 100% of the completed drill holes intersecting gold [6][12] - The company plans to focus its fully funded 2026 drill program on expanding the five main mineralized zones and exploring the potential Motherlode source [6][9] Drilling Results - A total of 54 out of 110 drill holes from 2025 have been reported, with high-grade intercepts including 10.83 g/t AuEq over 22.82 meters in drill hole GD-25-337 [6][17] - 83 out of 110 holes (76%) drilled in 2025 contained visible gold, while 92% of all holes drilled to date at Surebet have shown visible gold [12][13] - The updated geological model identifies five primary mineralized zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, comprising 46 gold-rich lodes [9][12] Mineralization Characteristics - High-grade gold has been identified in three distinct rock packages, including quartz-sulphide breccias, Eocene-aged dykes, and calc-silicate altered breccia [9][12] - The mineralization footprint at Surebet spans 1.8 km² and remains open for expansion in all directions, with significant vertical relief [17] - The continuity and widths of mineralization across multiple lodes suggest strong potential for one of the most significant gold discoveries in British Columbia's Golden Triangle [12][17] Future Plans - The company is preparing for a 2026 drilling campaign, with ongoing data compilation and interpretation to target the Motherlode source [9][12] - Assay results for an additional 56 holes from the 2025 exploration campaign are pending and will be released soon [13] - Goliath has increased its land package significantly, now controlling 91,518 hectares, enhancing its discovery potential [17]
AngloGold Ashanti PLC (NYSE: AU) Quarterly Earnings Preview and Financial Insights
Financial Modeling Prep· 2026-02-19 11:00
Core Viewpoint - AngloGold Ashanti PLC is a significant player in the gold mining industry, with strong anticipated earnings and revenue growth, despite rising short interest in its stock [1][6]. Financial Performance - The company is expected to report quarterly earnings on February 20, 2026, with an estimated EPS of $1.90 and projected revenue of approximately $2.99 billion [1][6]. - Total sales for the fourth quarter are estimated to reach $3.03 billion, marking a 73% increase from the same period last year [4]. - Over the past year, AU shares have surged by 258.3%, currently trading at 12.60 times forward earnings, which is below the industry average, suggesting potential undervaluation [4]. Market Sentiment - In January, short interest in AU increased by 29.1% to over 5.4 million shares, indicating a growing number of investors betting against the stock [2]. - The average daily trading volume is around 4.1 million shares, resulting in a days-to-cover ratio of 1.3 days, reflecting the time it would take for short sellers to cover their positions [2]. Institutional Interest - Institutional investors, including HHM Wealth Advisors LLC and Zions Bancorporation National Association UT, have acquired new stakes valued at $25,000 and $31,000, respectively, indicating confidence in the company's future performance [3][6]. Valuation Metrics - The company's financial metrics show a P/E ratio of approximately 24.40 and a price-to-sales ratio of about 6.38, suggesting a strong position and potential undervaluation compared to peers [5][6]. - The enterprise value to sales ratio is around 6.35, and the enterprise value to operating cash flow ratio is approximately 14.14, providing insight into the company's valuation and cash flow generation [5]. - AU has a debt-to-equity ratio of 0.30 and a current ratio of 2.58, indicating a strong ability to cover short-term liabilities [5].
Scorpio Gold Drills 49.62 Metres Grading 3.14 g/t Gold, from 59.95 Metres Extending Mineralization Along Zanzibar Trend at the Manhattan District, Nevada
TMX Newsfile· 2026-02-19 11:00
HighlightsHole 25MN-044 returned 3.14 g/t gold over 49.62 metres ("m"), including 22.81 g/t gold over 4.24 m.Hole 25MN-045 returned 0.65 g/t gold over 57.64 m, including 1.24 g/t gold over 19.23 m.Vancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce results from stepout holes from the Phase Two drill program at the Manhattan District Project ("Manhattan"), Nevada, USA: 25MN-044 ...
Harmony Gold Mining Company Ltd. (HMY) Faces Challenges With CSA Copper Mine
Yahoo Finance· 2026-02-19 08:43
Core Viewpoint - Harmony Gold Mining Company Ltd (NYSE:HMY) is identified as a promising stock for investment over the next six months, despite facing challenges with its newly acquired CSA Copper Mine in Australia that requires capital and strategic reassessment [1]. Group 1: Acquisition and Challenges - The company acquired the CSA Copper Mine in New South Wales for $1.03 billion last October, as part of its strategy to diversify into copper mining due to rising costs in gold mining in South Africa [2]. - The CSA Copper Mine, under previous ownership, produced 40,000 metric tons of copper annually, but its future output levels remain uncertain [3]. - Chief Executive Beyers Nel indicated that it may take up to two years or more to mitigate risks and improve the mine's operations, highlighting the need for a strategic rethink and recapitalization [3]. Group 2: Company Overview - Harmony Gold is a significant gold producer with extensive operations in South Africa and Papua New Guinea, and it is expanding its copper portfolio in Australia [4]. - The company manages the entire mining life cycle, including exploration, development, and operation of both underground and surface mines, and is recognized as a leader in gold tailings retreatment [4].