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Sitka Commences 60,000 Metre Diamond Drilling Program at Its Flagship RC Gold Project, Yukon
TMX Newsfile· 2026-02-18 13:45
Fully-funded 60,000 m diamond drill program has commenced at RC Gold; drilling planned for this year will effectively double the total meters drilled to date30,000 m of drilling allocated to the newly discovered Rhosgobel gold deposit, which is open in all directions, where initial drilling has intersected consistent gold mineralization in all 43 holes drilled to date over a strike length of 1.1 km. Gold mineralization begins at surface at the Rhosgobel target which is defined by a large 1.5 x 2 km gold-in ...
Lighthouse Gold to Commence Phase One Exploration Program at Aurora NW Project, Guyana
Thenewswire· 2026-02-18 13:30
Core Viewpoint - Lighthouse Gold Inc. is advancing its maiden exploration program at the Aurora NW Project in Guyana, focusing on evaluating the gold potential of the property [1][5]. Project Overview - The Company has entered into a definitive option agreement to acquire a 100% interest in the Aurora NW Project, which consists of four Prospecting Permits Medium Scale totaling approximately 4,799 acres (1,942 hectares) [2]. - The property is located within the Cuyuni greenstone belt, a geologically prospective area known for gold mineralization [3]. Location and Proximity - The Aurora NW Project is situated approximately three kilometers from the Aurora Gold Mine concessions and seven kilometers from the Aurora Gold Mine, the largest active gold mine in Guyana, operated by Zijin Mining Group Corporation [4]. Exploration Program Details - The Phase I exploration program aims to identify and prioritize mineralized corridors and generate drill-ready targets, with plans for trenching, geophysical surveys, and drilling later in the exploration season [5]. - The program includes the compilation and reinterpretation of historical data, geological mapping, geochemistry surveys, and soil sampling of identified priority targets [7]. Management Approach - The Company is taking a disciplined and technically driven approach to the exploration, with a focus on defining the structural framework extending into its property and outlining geochemical and geological targets [6]. - Lighthouse Gold is also considering additional acquisitions in the surrounding area to consolidate its position within the fertile Guyanese greenstone belt [6].
Monument Announces Additional Assay Results from the Buffalo Reef / Felda Areas of Selinsing Gold Mine
Globenewswire· 2026-02-18 13:30
Core Viewpoint - Monument Mining Limited has announced positive results from its ongoing drilling program at the Buffalo Reef/Felda areas, which is part of the Selinsing Gold Mine expansion project in Malaysia. The results indicate significant gold mineralization and continuity between drill holes, supporting the potential increase in gold resources and extending the mine's life. Drilling Program Highlights - The company has received results from fifteen completed drill holes, with high gold assay results reported [3][4]. - Expansion drilling is currently targeting to increase gold resources and potentially extend the life of the Selinsing Gold Mine, with plans to increase the number of drill rigs from four to nine [2][10]. Significant Drill Results - Notable results include: - MBRDD614: 7.3m at 1.76g/t Au, including 3.0m at 3.35g/t Au [5]. - MBRDD618: 1.6m at 28g/t Au from 95.5m depth [6]. - MBRDD619: 5.7m at 1.72g/t Au, including 3.0m at 4.51g/t Au [7][29]. Expansion Drilling Program - The Buffalo Reef/Felda mine expansion drilling program is divided into Stage 1 and Stage 2, covering a total area of 115 acres, aimed at evaluating the potential to extend currently defined mineral resources [9][28]. - The program has successfully intersected multiple zones of gold mineralization, validating the expansion drilling strategy [10]. Future Plans - The company plans to continue its drilling efforts to further assess the potential of mineralization and will conduct geological interpretation and modeling to confirm structural and grade continuity [30][38]. - The Selinsing mine expansion drilling program will commence once the Buffalo Reef/Felda program concludes, with a focus on high-grade depth extensions and local extensions to modelled gold structures [50][51].
IAMGOLD(IAG) - 2025 Q4 - Earnings Call Presentation
2026-02-18 13:30
Q4 & FULL YEAR 2025 RESULTS CONFERENCE CALL February 18, 2026 TSX: IMG | NYSE: IAG | www.iamgold.com 1 CAUTIONARY STATEMENT All information included or incorporated by reference in this news release, including any information as to the Company's vision, strategy, future financial or operating performance and other statements that express management's expectations or estimates of future performance or impact, including statements in respect of the prospects and/or development of the Company's projects, other ...
Omai Gold Mines Ranks 6th on the TSX Venture Exchange 2026 Top 50
TMX Newsfile· 2026-02-18 13:14
Toronto, Ontario--(Newsfile Corp. - February 18, 2026) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to announce that it has been recognized by the TSX Venture Exchange ("TSXV") as a 2026 Top 50 Company, ranking in sixth place.The TSX Venture 50 is an annual ranking of the top performing companies from the past year on the TSXV based on three equally weighted criteria: market capitalization growth, share price appreciation and trading value. The TSX Venture 50 ...
DRDGOLD H1 Earnings Call Highlights
Yahoo Finance· 2026-02-18 13:10
Core Viewpoint - The company reported strong financial performance driven by a significant increase in gold prices, which rose 43% year-over-year, positively impacting revenue and cash flow generation [1][6]. Financial Performance - Revenue increased approximately 33% to just over ZAR 5 billion, while free cash flow surged 149% to ZAR 791 million, and operating profit rose 72% to ZAR 2.7 billion [6]. - Headline earnings per share nearly doubled from ZAR 1.12 to ZAR 2.23, reflecting improved profitability [13]. - An interim cash dividend of ZAR 0.50 per share was declared, marking the nineteenth consecutive year of dividend payments [2][6]. Production and Operations - The company produced 2.3 tons of gold in the half-year, with throughput at 12.5 million tons, aligning with Vision 2028 targets of 3 million tons per month [7]. - Consolidated group output fell 9% in kilograms for the six months but was 3% higher than the second half of FY2025 [9]. - The company faced challenges in production due to weather interruptions, power outages, and a strategic decision to limit deposition tonnage [8]. Cost Management and Margins - The all-in sustaining margin was reported at 48%, with an operating margin of 54% for the period [11]. - Cash operating costs at Ergo rose only 2% to ZAR 1.9 billion, despite inflationary pressures on reagents and consumables [11]. - Electricity costs at Ergo decreased by 23%, contributing to cost containment efforts [11][19]. Vision 2028 and Resource Growth - The company reinvested ZAR 1.6 billion into projects under Vision 2028, with net resource growth reported at approximately 741 million tons and 6.2 million ounces [5][15]. - Major capital projects are on track, with commissioning expected in Q1 2027 for several initiatives [17]. Sustainability Initiatives - Renewable energy initiatives have reduced grid electricity use by about 28%, with Ergo's usage down 38% [5][18]. - The company's carbon footprint shrank by 93.4%, attributed to reduced reliance on grid power [21]. - Management emphasized sustainability metrics and the importance of renewable energy in future operations [20]. Social Responsibility - The company invested ZAR 25.6 million in socioeconomic development, focusing on sustainable community engagement rather than one-off contributions [22]. Future Outlook - The company aims to maintain production and cost guidance while prioritizing the execution of Vision 2028 and engaging in discussions for potential collaborations [23].
Blue Star Expands Highly Prospective Auma Property to 11,794 Hectares
TMX Newsfile· 2026-02-18 13:00
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") announces a significant expansion of its Auma Property in the Kitikmeot Region of Nunavut, Canada. The highly prospective property has been increased from 614 hectares to 11,794 hectares, consolidating a large and underexplored portion of the High Lake Volcanic Belt.HighlightsLimited historical drilling, consisting of six short drill holes totaling l ...
Cartier Extends Mineralized System 4 km East of Main; Cuts 23.2 g/t Au over 1.0 m at Nordeau (Cadillac); Expands High-Grade Gold Near Surface at East Nordeau Zone
Globenewswire· 2026-02-18 13:00
VAL-D’OR, Quebec, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE: 6CA) is pleased to announce the eighth batch of results from the 100,000-m drilling program (2 drill rigs), for the Nordeau Sector and more precisely, the East Nordeau Zone (″ ENZ ″), on the 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The ENZ consists of two parallel high-grade gold zones: EN1 and EN2, spaced approximately 25 m apart. Strategic Highlights from ...
Banyan Gold Recognized as a 2026 TSX Venture 50 Company
Accessnewswire· 2026-02-18 12:45
VANCOUVER, BC / ACCESS Newswire / February 18, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce that Banyan has been recognized as one of the top 50 performing companies for 2025 on the TSX Venture Exchange ("TSXV"). The TSX Venture 50TM is an annual ranking of the top fifty performing companies from the past year on TSXV, out of over 1,600 TSXV issuers. ...
Galleon Gold Announces Start Date for Exploration Drill Program at West Cache Project
TMX Newsfile· 2026-02-18 12:45
Core Viewpoint - Galleon Gold Corp. is set to commence phase one of its 2026 exploration diamond drill program at the West Cache Gold Project on February 23, 2026, aiming to enhance the project's value through targeted drilling [1][3]. Exploration Program - The company has contracted NPLH Drilling to execute an 18,000-metre drilling program, which will take place during the winter and spring seasons, with results to be released as assays are validated [2]. - The drill program is designed to improve the understanding of geological and structural controls of the West Cache deposit by targeting extensions of known high-grade zones and testing high-confidence exploration targets identified through previous work [3]. Geological Context - Recent drilling has focused on areas near the southwestern contact of the Bristol Porphyry with Porcupine Assemblage metasediments, where mineralization has been concentrated [5]. - The West Cache Gold Project covers approximately 11,600 hectares and is located in a favorable geological setting within the Abitibi greenstone belt, with mineralization open in all directions and at depth [7]. Company Strategy - Galleon Gold is advancing the West Cache Gold Project with a disciplined, de-risking strategy focused on resource growth and an upcoming 86,500-tonne bulk sample program, aimed at unlocking long-term shareholder value [8].