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Stocks Settle Higher on Signs of US Economic Strength
Yahoo Finance· 2026-02-18 21:33
US Dec housing starts rose +6.2% m/m to a 5-month high of 1.404 million, stronger than expectations of 1.304 million. Dec building permits (a proxy for future construction) rose +4.2% m/m to a 9-month high of 1.448 million, stronger than expectations of 1.400 million.US Dec capital goods new orders nondefense ex-aircraft and parts (a proxy for capital spending) rose +0.6% m/m, stronger than expectations o +0.3% m/m.US MBA mortgage applications rose +2.8% in the week ended February 13, with the purchase mort ...
Fortitude Gold Closes $12 Million Private Placement
Accessnewswire· 2026-02-18 21:30
COLORADO SPRINGS, CO / ACCESS Newswire / February 18, 2026 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") announced the closing of a $12 million USD Private Placement, selling 2.52 million unregistered shares of its common stock at $4.75 per share. The Company paid $316,266 in fees to placement agents retained by the Company. ...
Lupaka Gold Corp. - Arbitration Award Update
Accessnewswire· 2026-02-18 21:30
VANCOUVER, BC / ACCESS Newswire / February 18, 2026 / Lupaka Gold Corp. ("Lupaka" or the "Company") (TSXV:LPK)(FRA:LQP) advises as to current progress in pursing the proceeds of the ICSID Arbitration Award initially announced by the Company on July 2, 2025. On December 31,2025, the Peru Ministry of Mining issued a supreme decree stating that the Ministry of Mines would be carrying out promotional activities at this year's Prospectors & Developers Association of Canada (PDAC) March 1-4, 2026 in Toronto, Cana ...
Granada Gold Mine Closes Oversubscribed Private Placement Financing
Thenewswire· 2026-02-18 21:15
Core Viewpoint - Granada Gold Mine Inc. has successfully closed a private placement financing of C$2.5 million, increasing the offering size to C$2,947,470 through the issuance of 58,949,400 Units at C$0.05 per Unit [1][2]. Financing Details - Each Unit consists of one common share and one purchase warrant, allowing the holder to buy an additional share at C$0.075 for five years [2]. - The offering is subject to a four-month hold period and requires approval from the TSX Venture Exchange (TSXV) [2]. Finder's Fees - The Company will pay finders fees totaling C$137,130 and issue 2,742,600 Finder's Warrants, which can be exercised at C$0.07 per share for five years [3]. Use of Proceeds - Net proceeds from the offering will be allocated for a resource update, exploration, and general corporate purposes related to the Granada Gold Property [4]. Insider Participation - An insider, Mr. Fank Basa, acquired 4,000,000 Units, representing 6.8% of the total Units sold, which is classified as a related party transaction [4]. Mineral Resource Estimate - The updated mineral resource estimate for the Granada Gold project indicates 543,000 ounces of gold in the Measured and Indicated category and 456,000 ounces in the Inferred category [5][6]. Exploration Activities - The Company is actively developing its 100% owned Granada Gold Property, which spans 14.73 square kilometers, and is currently conducting a drill program with 20,000 meters completed out of a planned 120,000 meters [7]. Historical Context - The property includes the former Granada Gold underground mine, which produced over 50,000 ounces of gold at historical grades of 10 grams per tonne [9].
Live Blog: Kinross Gold Reports Earnings After the Bell
247Wallst· 2026-02-18 21:02
Live Blog: Kinross Gold Reports Earnings After the Bell - 24/7 Wall St.[S&P 5006,881.60 +0.43%][Dow Jones49,665.00 +0.20%][Nasdaq 10024,885.20 +0.66%][Russell 20002,658.53 +0.41%][FTSE 10010,710.20 +1.29%][Nikkei 22557,585.50 +0.93%]Live Coverage Updates appear automatically as they are published.# Live Blog: Kinross Gold Reports Earnings After the BellLoading chart data...### Quick ReadKinross Gold (KGC) reports Q4 earnings today following a Q3 beat that sent shares soaring. This live blog will provide com ...
Renegade Gold Reports Significant New Mineral Resource Estimate at Red Lake Project, Ontario
TMX Newsfile· 2026-02-18 20:19
Core Insights - Renegade Gold Inc. announced a new Mineral Resource Estimate (MRE) for its Rebel Gold Deposit, totaling 370,000 ounces in the Indicated category and 439,000 ounces in the Inferred category, indicating a significant gold asset in the Red Lake Mining District of Ontario [1][5][6] Mineral Resource Estimate - The MRE includes 5,568,000 tonnes at an average grade of 2.07 g/t Au for the Indicated category, and 2,495,000 tonnes at 2.42 g/t Au for the Inferred category in open pit resources [2][6] - For underground resources, the Inferred category includes 1,553,000 tonnes at an average grade of 4.91 g/t Au, contributing 245,000 ounces [5][6] - The total mineral resource comprises 370,000 ounces Indicated and 439,000 ounces Inferred, with substantial expansion potential identified beyond 700 meters depth [5][6][13] Future Plans - The company plans a focused drilling program in 2026 to target resource expansion towards the one-million-ounce benchmark, alongside ongoing metallurgical and environmental studies [15][16] - Improved structural modeling has enhanced the understanding of mineralization controls, providing a clear path for targeted expansion drilling [2][13] Location and Geological Context - The Rebel Gold Deposit is located approximately 26 km west of Evolution Mining's Red Lake operations, within a prolific high-grade gold district, and is accessible via maintained logging roads [11][12] - The deposit is hosted within the Newman Todd Structure, a mineralized corridor that extends over 2 km, indicating multiple styles of gold mineralization [12][13]
North Peak Announces Increase in Size of Its Non-Brokered Private Placement
TMX Newsfile· 2026-02-18 20:01
Core Viewpoint - North Peak Resources Ltd. has announced an increase in the maximum potential amount of its non-brokered private placement to C$5,750,000, consisting of up to 5,750,000 equity units priced at C$1.00 each [1]. Group 1: Private Placement Details - Each unit in the private placement will include one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$1.50 for 12 months [2]. - The warrants will have an acceleration provision, allowing the company to shorten the expiry date if the common shares trade at or above C$2.00 for 20 consecutive trading days [3]. Group 2: Use of Proceeds - The proceeds from the private placement will be used to advance drilling at the Prospect Mountain property, support business development, and cover general administrative expenses [4]. Group 3: Company Overview - North Peak Resources is a Canadian gold exploration and development company listed on the TSX Venture Exchange and OTCQB, founded by a team with a strong track record in acquiring mining assets and modern exploration techniques [6]. - The flagship property, Prospect Mountain Mine complex, is located in the Southern Eureka Gold Belt, known for various styles of mineralization including gold and silver [7].
Gold Mining Stock Rallying Into This Week's Earnings
Schaeffers Investment Research· 2026-02-18 19:51
Core Viewpoint - Newmont Corporation is expected to report strong earnings and revenue growth in its upcoming fourth-quarter report, with analysts predicting earnings of $1.81 per share and revenue of $5.76 billion, reflecting year-over-year increases of 29.3% and 2% respectively [1]. Group 1: Earnings Expectations - Analysts anticipate Newmont will post earnings of $1.81 per share for the fourth quarter [1]. - Revenue is expected to reach $5.76 billion, marking a year-over-year increase of 2% [1]. - The anticipated earnings represent a significant year-over-year growth of 29.3% [1]. Group 2: Stock Performance - Newmont's stock has been trending towards its record high of $134.88, last trading at $125.60, reflecting a 2.7% increase [2]. - The stock has shown a remarkable 164.3% gain over the past 12 months and a 25.7% increase year-to-date [2]. Group 3: Post-Earnings History - Historically, Newmont stock has had a negative post-earnings performance, finishing higher only three out of the last eight quarters [4]. - The average post-earnings move for Newmont stock has been 7.8%, which is slightly lower than the 8.6% swing currently priced in by options traders [4]. - Newmont has outperformed options traders' volatility expectations over the past year, with a Schaeffer's Volatility Scorecard (SVS) rating of 80 out of 100 [4].
IAMGOLD Corporation Q4 2025 Earnings Call Summary
Yahoo Finance· 2026-02-18 17:32
Core Insights - The company achieved record annual revenues of nearly $3 billion and operating cash flow of over $1 billion, driven by record quarterly production across all sites and a historic gold price environment [1] Financial Performance - The first full year of production at Côté Gold was successfully completed, reaching the top end of guidance and demonstrating nameplate throughput of 36,000 tonnes per day ahead of schedule [1] - A transformative financial framework was established at Essakane, enabling continuous cash repatriation, resulting in $291 million received in Q4 2025 and an additional $171 million in early 2026 [1] - The balance sheet was aggressively deleveraged by repaying a $400 million high-cost term loan and closing out legacy gold prepaid obligations, significantly reducing financial risk [1] Asset Management - Consolidated assets in the Chibougamau-Chapais region to form the Nelligan Mining Complex, positioning it as one of Canada's largest pre-production gold assets with over 11 million total ounces [1] Operational Efficiency - Managed upward cost pressures from record gold prices, which directly increased royalty expenses to approximately $330 per ounce, representing 24% of cash costs in the fourth quarter [1] - Maintained operational discipline at Westwood, achieving record production since the mine restart through refined stope design and a return to higher-grade underground zones [1]
Aris Mining Surges 56.8% in 3 Months: How Should You Play the Stock?
ZACKS· 2026-02-18 17:25
Key Takeaways ARMN stock has jumped 56.8% in three months, outperforming industry, S&P 500 and peers.Aris Mining boosted Q3 gold output 36.6% YoY, driven by higher processing at the Segovia mine.ARMN's AISC rose 6.6% YoY to $1,641 per ounce, reflecting higher sustaining capital spending.Shares of Aris Mining Corporation (ARMN) have been showing some decent gains of late, rising 56.8% in the past three months. The gold producer has outperformed the industry’s and the S&P 500 composite’s growth of 33.4% and 3 ...