The market’s focus this week will be on corporate earnings results and economic news. Later today, the minutes of the Jan 27-28 FOMC meeting will be released. On Thursday, initial weekly unemployment claims are expected to decline by -2,000 to 225,000. Also, the Feb Philadelphia Fed business outlook survey is expected to fall by -5.3 to 7.3. In addition, the Dec trade deficit is expected to widen to -$86.0 billion. Finally, Jan pending home sales are expected to increase by +2.0% m/m. On Friday, Q4 GDP is e ...

Financial Data and Key Metrics Changes - In 2025, the company achieved record revenue of $1.4 billion and net income applicable to shareholders of $321 million, translating to $0.49 per share [7][12] - Adjusted EBITDA reached $670 million, with total debt reduced to $276 million and a gross debt to Adjusted EBITDA ratio of 0.4 times [7][12] - Operating cash flow was $563 million, resulting in free cash flow of $310 million, with each mine generating positive free cash flow [7][12] Business Line Data and Key Metrics Changes - Silver production guidance was met with 17 million ounces produced, while gold production exceeded guidance with 150,000 ounces [8] - Lucky Friday mine produced a record 5.3 million ounces of silver, a nearly 50% increase from 2021 [8] - Keno Hill achieved over 3 million ounces of silver production, marking its first year of profitability under Hecla's ownership [8] Market Data and Key Metrics Changes - The realized silver price in Q4 was nearly $70 per ounce, exceeding the quarterly average by over $14 per ounce [14] - The all-in sustaining cost for silver was $18.11 per ounce, resulting in a silver margin of $51 per ounce or 74% of the realized price [14] Company Strategy and Development Direction - The company aims to be recognized as the premier silver company in North America, focusing on silver as the strategic anchor of its business [4][5] - The pending sale of Casa Berardi is part of a strategic portfolio optimization to redirect capital towards silver assets [9][10] - The company is committed to operational excellence, investment discipline, and organic growth through disciplined exploration programs [6][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a debt-free balance sheet by 2026, with a substantial reduction in risk [12] - The company anticipates silver production of 15.1-16.5 million ounces in 2026, with a credible pathway to 20 million ounces over the medium term [28][30] - Management highlighted the importance of safety and environmental excellence as foundational to operational success [16][18] Other Important Information - The company reported a 13% reduction in total reportable injury frequency rate, reflecting a commitment to safety culture [18] - The surface cooling project at Lucky Friday is 79% complete and on track for mid-2026 completion, aimed at improving workforce health and safety [8][22] Q&A Session Questions and Answers Question: Exploration at Keno Hill - Management noted intercepting a new high-grade ore shoot at Keno Hill, with a budget of $13 million for exploration this year [35][36] Question: Accounting Treatment for Casa Berardi - Management clarified that cash flows from Casa will continue until the closing date, with potential accounting impacts expected in Q1 [45][50] Question: Strategy for Silver Production Growth - Management emphasized the need to grow the silver portfolio and mentioned the establishment of a project generation group to explore new silver districts [61][62]

Core Insights - Lode Gold Resources Inc has initiated a new Mineral Resource Estimation block model for its Fremont Gold Project in California, utilizing over 7,000 historical underground channel samples that were previously unavailable in digital format, significantly enhancing data density in mined areas [1][2][3] Group 1: Mineral Resource Estimation - The updated block model will reinterpret the Fremont deposit as a continuous mineralized body instead of discrete vein-only domains, using a lower cut-off grade supported by updated underground mining cost assumptions [2][3] - The inclusion of the new dataset is expected to enhance geological continuity, improve grade distribution confidence, and support wider mining widths consistent with a bulk underground mining scenario [3] Group 2: Project Background - The Fremont Gold Mine is an advanced exploration and early development brownfield project that was previously mined at a grade of 10.7 grams per tonne (gpt) before gold production halted in 1942 due to WWII [4][6] - The project has seven deposits along a 4 km strike on the Mother Lode Belt, with only 8% of the Mineral Resource Estimate (MRE) 2025 having been exploited, leaving 92% available for future mining [6] Group 3: Infrastructure and Ownership - Fremont Gold Project covers 3,351 acres of patented private land with 100% ownership of surface and mineral rights, featuring road access, electricity, and proximity to rail and airport [6][10] - The project has extensive underground workings, including 23 km of tunnels, 20 adits, 16 levels, and 5 shafts, indicating significant infrastructure for potential mining operations [6][10] Group 4: Future Steps - The new Mineral Resource Estimation is currently underway and will be completed in accordance with NI 43-101 standards, with further updates to be provided once the work is finalized and reviewed by Qualified Persons [4]

Pan African Resources's maiden divi was "better than expected" says broker Proactive uses images sourced from Shutterstock Peel Hunt said Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY, JSE:PAN) maiden interim dividend came in “a little better than expected”, even as higher costs at the Barberton complex weighed on first-half EBITDA. The broker reiterated its 'Buy' rating and 180p target after the gold producer reported US$487m of revenue for the period, broadly in line with Peel Hunt’s model. The pinch ...

553,937+$37.45+17.26%$254.43[Caesars Entertainment][CZR]• Vol: 3,563,002+$2.99+15.79%$21.94[Global Payments][GPN]• Vol: 1,779,987+$8.97+12.85%$78.74[Insulet] [PODD]• Vol: 315,874+$19.49+7.91%$265.83[Cadence Design Systems][CDNS]• Vol: 818,837+$20.88+7.37%$304.34## Top Losing Stocks[Palo Alto Networks][PANW]• Vol: 7,282,987-$14.148.65%$149.36[Genuine Parts][GPC]• Vol: 337,083-$6.064.82%$119.68[Datadog] [DDOG]• Vol: 1,794,749-$4.593.75%$117.97[Republic Services][RSG]• Vol: 481,296-$7.963.60%$213.23[Progressiv ...

The MAG 7 stocks are done reporting except for Nvidia, but earning season is rolling on and we have a bunch of prominent names reporting this week and I picked out five as I always do. Now, the interesting thing about these stocks and I'm going to just list them out up front this video. They are Carvana, Walmart, Deer, Quanta Services, and Newmont.So quite an interesting collection of names this week that you should be watching. But the interesting thing about them is that the best performers year to date o ...

IAMGOLD (NYSE:IAG) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsAnita Soni - Anita SoniBruno Lemelin - COOGraeme Jennings - VP of Investor RelationsMaarten Theunissen - CFORenaud Adams - President and CEOSatish Kasinathan - Vice PresidentConference Call ParticipantsMohamed Sidibé - Equity Research AnalystTanya Jakusconek - Equity Research AnalystOperatorAt this time, I would like to turn the conference call over to Graeme Jennings, Investor Relations for IAMGOLD. Please go ahead, ...

Financial Data and Key Metrics Changes - IAMGOLD reported record revenues of nearly $3 billion for the year, with a gross margin exceeding 40% and operating cash flow of over $1 billion, including $702 million generated in Q4 alone [4][11] - Adjusted EBITDA for the year was approximately $1.6 billion, a significant increase from $780.6 million in 2024 and $338.5 million in 2023 [17] - Adjusted earnings per share for the year totaled $1.23, up from $0.55 the prior year [17] Business Line Data and Key Metrics Changes - Côté Gold produced 399,800 ounces on a 100% basis in its first full year of operation, achieving the top end of guidance estimates [20] - Essakane reported record production of 138,100 ounces on a 100% basis in Q4, with cash costs averaging $1,471 per ounce and all-in sustaining costs of $1,674 per ounce [34][35] - Westwood produced a record 37,900 ounces since mine restart, with cash costs averaging $1,288 per ounce in Q4 [28][30] Market Data and Key Metrics Changes - The average realized gold price for the year was $3,549 per ounce, with gold prices increasing significantly throughout the year [17] - Royalties accounted for approximately $330 per ounce or 24% of cash costs in Q4, reflecting the impact of the new royalty decree in Burkina Faso [10][36] Company Strategy and Development Direction - IAMGOLD aims to capitalize on the current gold market by focusing on operational excellence and cost control while pursuing growth opportunities [5][10] - The company is increasing its budget for exploration at the Nelligan mining complex, which is now among the largest pre-production gold projects in Canada [39][40] - A share buyback program was established, with $50 million repurchased in December and an additional $50 million planned for 2026 [6][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate strong cash flow and return capital to shareholders, despite challenges in the gold market [5][19] - The focus for 2026 includes optimizing costs at Côté and ensuring operational stability while preparing for potential expansions [25][26] - Management highlighted the importance of maintaining a disciplined capital allocation strategy to support growth and shareholder returns [15][19] Other Important Information - IAMGOLD's net debt was reduced by $468.8 million to $344.4 million at the end of the year, with total liquidity of approximately $868 million [12] - The company plans to use free cash flow generated by Essakane to fund its share buyback program and other capital investments [16] Q&A Session Summary Question: How should we think about Essakane within your broader portfolio, especially with the license potentially expiring in 2029? - Management noted the potential for expansion and the steady operation of the mine, indicating confidence in its strategic importance [42][43][46] Question: Can you provide more color on mining costs and expectations for Côté Gold? - Management indicated that mining costs for 2026 are expected to be around $370-$380 per ton, with ongoing adjustments and improvements [51][52][54] Question: How should we think about the capital for Côté and Gosselin? - Management clarified that capital expenditures will be staged and funded through free cash flow, with a focus on optimizing the mining and milling processes [61][62][93] Question: What is the expected share buyback amount for 2026? - Management confirmed that there would be sufficient shareholder accounts available to continue the buyback program, potentially achieving a minimum of $390 million in buybacks [63][65] Question: Can you provide an update on reserves and resources for Gosselin? - Management expects to complete a resource update by the end of Q1 or early Q2, aiming for a significant increase in measured and indicated resources [70][72][82]

Financial Data and Key Metrics Changes - IAMGOLD reported record revenues of nearly $3 billion for 2025, with a gross margin exceeding 40% and operating cash flow of over $1 billion, including $702 million generated in Q4 alone [4][11] - Adjusted EBITDA for 2025 was approximately $1.6 billion, a significant increase from $780.6 million in 2024 and $338.5 million in 2023 [18] - Adjusted earnings per share for the year totaled $1.23, up from $0.55 the prior year [18] Business Line Data and Key Metrics Changes - Attributable gold production for Q4 was 242,400 ounces, a 28% improvement quarter-over-quarter, bringing total production for the year to 765,900 ounces, achieving the midpoint of the company's 2025 production guidance [8][9] - Côté Gold produced 399,800 ounces on a 100% basis in its first full year of operation, with Q4 production of 87,200 ounces [21] - Essakane reported record production of 138,100 ounces in Q4, with cash costs averaging $1,471 per ounce and all-in sustaining costs of $1,674 per ounce [35][36] Market Data and Key Metrics Changes - The gold price increased nearly $1,700 per ounce over 2025, exiting the year at just over $4,300 per ounce, although still more than $600 lower than current levels [4] - Royalties accounted for an average of approximately $330 per ounce or 24% of cash costs in Q4 2025, impacting the overall cost structure [10][37] Company Strategy and Development Direction - IAMGOLD aims to capitalize on the favorable gold market conditions while focusing on operational excellence and cost control [5][10] - The company is increasing its budget for exploration at the Nelligan mining complex, which now has over 4.3 million measured and indicated ounces and 7.5 million inferred ounces [39][40] - Plans for Côté include a strategic pushback and expansion projects, with an updated mine plan expected to be released in Q4 2026 [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate strong cash flow and return capital to shareholders, with a focus on disciplined capital allocation [15][20] - The company anticipates a flat production profile for Essakane in 2026, with cash costs expected to be in the range of $1,600-$1,750 per ounce, including royalties [38] - Management highlighted the potential for extending the life of the Essakane mine by an additional five years, targeting 2032 [47][48] Other Important Information - IAMGOLD established a share buyback program, repurchasing $50 million in shares in December 2025 and an additional $50 million in early 2026 [6][14] - The company reduced its net debt by $468.8 million to $344.4 million at the end of 2025, with total liquidity of approximately $868 million [12] Q&A Session Summary Question: How should we think about Essakane within your broader portfolio, especially with the license potentially expiring in 2029? - Management noted the potential for expansion and the steady operation of the mine, indicating confidence in extending the mine's life and continuing to generate cash flow for shareholders [44][46] Question: Could you provide more color on mining costs and expectations for Côté Gold? - Management indicated that mining costs for 2026 are expected to be around $370-$380 per ton, with ongoing adjustments and improvements planned [53][55] Question: What are the expectations for the reserves and resources update for Gosselin in Q2? - Management confirmed that they expect to achieve a significant increase in reserves, targeting over 20 million ounces in measured and indicated resources [95]

Core Viewpoint - LaFleur Minerals Inc. is advancing its Beacon Gold Mill restart plans, with a focus on near-term production and a comprehensive Preliminary Economic Assessment (PEA) [1][12]. Group 1: Company Overview - LaFleur Minerals Inc. operates in the Val-d'Or mining camp, a significant gold-producing region in the Abitibi Greenstone Belt, with over 73 million ounces of gold produced from 1926 to 2019 [2]. - The company owns the Beacon Gold Mill and the Swanson Gold Deposit, which are strategically located within this prolific mining area [1][3]. Group 2: Mill Restart Progress - The Beacon Gold Mill has undergone over $20 million in upgrades and modernization, with the last production occurring in 2022 when gold prices were around $2,000 per ounce [3]. - Current gold prices have exceeded $4,900 per ounce, enhancing the strategic value of the mill and its associated infrastructure [3][14]. - Approximately 30% of the total budget for the mill refurbishment has been spent, with significant physical progress achieved while maintaining cost control [6]. Group 3: Resource Development - The Swanson Gold Deposit has shown strong gold continuity with notable drill results, including an intercept of 2.05 g/t Au over 158.25 meters [11]. - The company aims to combine resource development at the Swanson Gold Deposit with the Beacon Gold Mill to accelerate production [7][12]. Group 4: Future Outlook - The upcoming PEA is expected to provide updated economic metrics and a development roadmap aligned with the company's production objectives, targeted for completion in March 2026 [12][14]. - The integrated asset portfolio of LaFleur Minerals offers capital efficiency and operational leverage, particularly as gold prices rise [14].