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S&P 500 and Nasdaq Hit Record Highs as Kinross Gold Surges on Post-Close Earnings Beat
Stock Market News· 2026-02-18 22:07
Market Performance - U.S. equity markets reached all-time closing highs on February 18th, 2026, driven by a strong "risk-on" appetite and a resurgence in the technology sector [1] - The S&P 500 climbed 0.58% to a record 6,891.40, while the Nasdaq Composite rose 0.79% to close at 24,916.90, indicating bullish sentiment towards large-cap growth stocks [2] - The Dow Jones Industrial Average added 138 points, or 0.28%, ending at 49,707.00, marking its own record [2] - The Russell 2000 index of smaller companies saw a modest uptick of 0.5%, suggesting a positive market breadth [3] Earnings Highlights - Kinross Gold reported adjusted earnings of $0.75 per share, exceeding the consensus estimate of $0.55, with revenue driven by a 40% year-over-year increase in realized gold prices [4] - Medtronic's stock rose after a 4.6% increase in quarterly earnings, surpassing analyst forecasts for the fourth consecutive quarter [5] - Entergy's profits exceeded Wall Street expectations, leading to a rally of over 6% in its stock [6] Technology Sector Insights - Nvidia shares rose 1.2% ahead of its earnings report on February 25th, with analysts focused on updates regarding its next-generation AI chips [7] - Other major tech companies showed mixed results, with Apple and Microsoft posting modest gains, while Google and Meta Platforms experienced slight pullbacks [7] - Tesla gained 1.5% amid reports of expanded manufacturing capacity in international markets [7] Economic Outlook - The market is awaiting the release of the latest Federal Reserve meeting minutes, which may provide insights into the central bank's interest rate path for the remainder of 2026 [8] - Upcoming earnings from Baidu and Vulcan Materials are expected to shed light on global tech demand and domestic infrastructure spending [9] - The focus remains on whether corporate earnings can continue to justify elevated valuations in an environment of persistent 3% inflation [9]
Alamos Gold Reports Fourth Quarter and Year-End 2025 Results
Globenewswire· 2026-02-18 22:02
All amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter and year ended December 31, 2025. “Our full year production was lower than planned and costs higher due to a challenging year at our Canadian operations. Despite these challenges, we established a number of new financial records including record free cash flow of $352 million while i ...
Equinox Gold Announces Inaugural Quarterly Cash Dividend of US$0.015 per Common Share and Application for Normal Course Issuer Bid
Globenewswire· 2026-02-18 22:01
Core Viewpoint - Equinox Gold Corp. has declared its inaugural quarterly cash dividend of US$0.015 per common share, reflecting the company's financial strength and commitment to returning capital to shareholders [1][2][3] Financial Performance and Strategy - The company has a strengthened balance sheet with low net debt and strong cash flow generation, positioning it to advance significant organic growth of 400,000 to 500,000 ounces over the next five years [3] - The approved dividend policy aims to pay a regular quarterly dividend of US$0.015 per share, translating to US$0.06 annually, subject to quarterly Board approval and relevant factors [1][4] Shareholder Returns - The Board has also approved a normal course issuer bid (NCIB) to repurchase up to approximately 5% of the company's issued and outstanding shares, further demonstrating its commitment to capital return initiatives [1][3] - Future dividends will be reviewed based on the company's financial results, capital requirements, and other relevant factors, with no assurance of future payments beyond the inaugural dividend [5]
Alamos Gold Increases Dividend by 60% to an Annual Rate of $0.16 Per Share
Globenewswire· 2026-02-18 22:00
All amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is pleased to announce that the Company’s Board of Directors has authorized a 60% increase to its quarterly dividend to US$0.04 per common share. The increase is supported by the Company’s strong outlook and growing free cash flow, including generating record free cash flow of $352 million in 2025. The Company expects increasing free c ...
Kinross reports 2025 fourth-quarter and full-year results
Globenewswire· 2026-02-18 22:00
Core Insights - Kinross Gold Corporation reported strong financial results for Q4 and full-year 2025, achieving record free cash flow of $2.5 billion, an 85% increase year-over-year, and a net cash position of $1 billion [4][8][21]. Financial Performance - Q4 2025 revenue reached $2,023 million, up from $1,416 million in Q4 2024, while full-year revenue increased to $7,051 million from $5,149 million, marking a 37% year-over-year growth [11]. - Reported net earnings for Q4 2025 were $906.5 million, or $0.75 per share, compared to $275.6 million, or $0.22 per share, in Q4 2024. Full-year net earnings were $2,390.1 million, or $1.96 per share, compared to $948.8 million, or $0.77 per share, in 2024 [21][22]. - Attributable free cash flow for Q4 2025 was $769.4 million, up from $434.4 million in Q4 2024, and for the full year, it was $2,473.5 million compared to $1,340.2 million in 2024 [20]. Production and Costs - Kinross produced 483,582 gold equivalent ounces in Q4 2025, down from 501,209 ounces in Q4 2024, and 2,012,106 ounces for the full year, compared to 2,128,052 ounces in 2024 [9][10]. - The average realized gold price in Q4 2025 was $4,144 per ounce, significantly higher than $2,663 per ounce in Q4 2024. For the full year, the average price was $3,423 compared to $2,393 in 2024 [10][11]. - Production cost of sales per gold equivalent ounce sold was $1,297 in Q4 2025, up from $1,098 in Q4 2024, and $1,140 for the full year, compared to $1,020 in 2024 [12][13]. Capital Expenditures and Shareholder Returns - Capital expenditures for Q4 2025 were $368.2 million, compared to $280.7 million in Q4 2024, and for the full year, they were $1,194.2 million, up from $1,075.5 million in 2024 [23][24]. - The company returned $752.4 million to shareholders in 2025 through share buybacks and dividends, including a 17% increase in dividends during the year [27][29]. Future Guidance - Kinross expects to maintain stable production guidance of approximately 2.0 million attributable gold equivalent ounces for 2026, 2027, and 2028 [50][51]. - The attributable production cost of sales is projected to be $1,360 per ounce for 2026, reflecting an increase due to higher gold prices and inflationary impacts [52][53]. Development Projects - The company is advancing three U.S.-based projects—Phase X, Curlew, and Redbird—which are expected to contribute over $4 billion in net asset value and extend mine lives [5][38]. - At Great Bear, surface construction for the Advanced Exploration program is 80% complete, with detailed engineering for the Main Project approximately 35% complete [42][46]. Sustainability and Community Engagement - Kinross made significant progress in sustainability initiatives, achieving a 1.5% reduction in greenhouse gas emissions through various projects [65]. - The company has been recognized for its community engagement efforts, including social investment programs in various regions [66].
Allied Gold Announces Preliminary Q4 2025 Operating Results, 2026 Guidance and MRMR Update; Special Meeting Set for March 31
Globenewswire· 2026-02-18 22:00
TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) (“Allied” or the “Company”) herein provides its preliminary operating results for the quarter and year ended December 31, 2025, alongside the Company’s 2026 operating guidance and updates to its Mineral Reserves and Mineral Resources. The Company produced 117,004 ounces of gold in the fourth quarter and 379,081 ounces for the full-year 2025. Performance was in line with expectations and operating plans, exceeding Q4 g ...
Kinross announces 14% annual increase to cash dividend and declares Q4 dividend
Globenewswire· 2026-02-18 22:00
Core Points - The Company has approved a 14% increase in its longstanding dividend, amounting to $0.16 per share on an annualized basis, representing a total increase of 33% since Q3 2025 [1][2] - The quarterly dividend for the fourth quarter of 2025 is set at $0.04 per common share, payable on March 26, 2026, to shareholders of record as of March 11, 2026 [2] - The dividend qualifies as an "eligible dividend" for Canadian income tax purposes, with non-resident investors subject to Canadian non-resident withholding taxes [2] Company Overview - Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada [3] - The Company focuses on delivering value through responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet [3]
Kinross announces 14% annual increase to cash dividend and declares Q4 dividend
Globenewswire· 2026-02-18 22:00
(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) (the “Company”) is pleased to announce that the Company’s Board of Directors has approved a 14% increase to its longstanding dividend, which will amount to $0.16 per share on an annualized basis. This is in addition to the dividend increase announced in November 2025, representing a total increase of 33% since Q3 2025. The Board of Directors has ...
Kinross reports 2025 fourth-quarter and full-year results
Globenewswire· 2026-02-18 22:00
Delivered on all key guidance metrics, maintains three-year outlook of 2.0 million Au eq. oz. per yearRecord free cash flow of $2.5 billion and returned $1.5 billion to debt and equity holders in 2025Targeting 40% of free cash flow in return of capital to shareholders in 2026 TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the fourth quarter and year ended December 31, 20251.This news release contains forwar ...
Monument Mining Limited Recognized as Top 50 TSX Venture Company
Globenewswire· 2026-02-18 21:43
VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce it has been recognized as one of the top-performing companies on the TSX Venture Exchange (“TSXV”) for 2025 and has earned a place on the 2026 TSX Venture 50™ list (President and CEO Cathy Zhai’s presentation for TSX Venture 50™ at: https://monumentmining.com/videos/). Cathy Zhai, President and CEO of Monument, commented: “We are proud to be h ...