DRDGOLD (NYSE:DRD) H1 2026 Earnings call February 18, 2026 03:00 AM ET Speaker2Thank you for again joining us for this DRDGOLD's interim results for financial year 2026. Before we start this presentation, I want to take a moment to remember Jan Nelson, who passed away earlier this week. Jan was a friend, and I'm ashamed to say that in recent times, I wasn't much of a friend to him, but his legacy lives on. He laid the foundation for what has become a very successful company in Pan African Resources, and we ...

Pan African Resources confirms record first-half as its ops performance met soaring gold prices Proactive uses images sourced from Shutterstock Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY, JSE:PAN) delivered a record first-half profit of US$147.8 million as a sharp rise in output and a higher realised gold price pushed revenue up 157.3% to US$487.1 million for the six months to December 2025. Chief executive Cobus Loots told investors that Pan African's operational and financial performance, together ...

for the six months ended 31 December 2025 Niël Pretorius Henriette Hooijer Jaco Schoeman Chief Executive Officer Chief Financial Officer Chief Operating Officer Disclaimer as at 31 December 2025 Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the ...

Summary of Novo Resources Conference Call Company Overview - **Company**: Novo Resources (OTCPK:NSRP.F) - **Focus**: Exploration-driven junior mining company with a pipeline of projects ranging from greenfields to advanced exploration [4][5] Key Projects and Developments - **Pilbara Region**: - Major drilling plans scheduled between April and September 2026 [1][3] - Significant project areas include Tooloongooloo and Balla Balla, with a focus on district-scale targeting [5][11] - Joint venture with Northern Star covering approximately 2,500 square kilometers in the Mallina Basin, targeting both intrusion-related and sediment-hosted gold systems [12][13] - **Belltopper Gold Project (Victoria)**: - 100% owned by Novo, located in a historically rich gold area (Bendigo Tectonic Zone) [8][9] - New exploration target announced, based on historical high-grade reefs, with plans for diamond drilling in the second half of 2026 [9][10][20] - **Tibooburra and John Bull Projects**: - Advanced exploration targets that are drill-ready, with plans to commence work as soon as possible [6][20] - **Wyloo Project**: - Newly discovered area with significant high-grade antimony and gold numbers, maiden drilling planned for Q2 2026 [19][20] Financial Position - **Market Capitalization**: Approximately AUD 50 million [21] - **Cash Reserves**: Around AUD 8 million as of December 2025, with additional portfolio assets available for funding future drilling [21] Industry Context - **Exploration Trends**: Noted a decline in funding for junior exploration companies, with a shift towards brownfields projects [5] - **Regulatory Environment**: Compliance processes in Victoria and Australia are noted to be slow, impacting project timelines [10][20] Strategic Outlook - **Drilling Schedule**: Focus on Pilbara in Q2 2026, followed by potential work at TechGen and back to Pilbara later in the year [20] - **Team and Support**: Strong shareholder support and a capable team in place to advance projects [22] Additional Insights - **Historical Context**: The company has been self-funded, which is uncommon in the exploration sector [5] - **Community Relations**: Positive relationships with traditional owners in project areas, particularly in Tyakman [14] This summary encapsulates the key points discussed during the Novo Resources conference call, highlighting the company's strategic initiatives, project developments, financial health, and industry positioning.

Core Insights - IAMGOLD Corporation reported strong financial and operational results for Q4 and the full year 2025, with adjusted EBITDA reaching $1.5 billion and a record fourth quarter adjusted EBITDA of $710.1 million [2][5] - The company is focused on de-leveraging its balance sheet and returning value to shareholders through a share buyback program, having repurchased approximately $100 million in shares since December 2025 [2][13] - Looking ahead, IAMGOLD anticipates exciting growth in 2026, with a production guidance range of 720,000 to 820,000 ounces and continued operational excellence [2][15] Financial Performance - For Q4 2025, IAMGOLD achieved attributable gold production of 242,400 ounces, and for the full year, production totaled 765,900 ounces, meeting the mid-point of its guidance [5][9] - Revenues for Q4 were $1,088.1 million from sales of 259,000 ounces at an average realized gold price of $4,191 per ounce, while total revenues for the year were $2,852.8 million [5][12] - The company reported net earnings of $406.6 million for Q4 and $664.4 million for the full year, with adjusted net earnings per share of $0.70 for Q4 and $1.16 for the year [12][14] Production and Costs - Côté Gold produced a record 87,200 attributable ounces in Q4 and 279,900 ounces for the full year, achieving the top end of its production guidance [5][46] - Cash costs per ounce sold, excluding royalties, were $1,031 for Q4 and $1,230 for the year, while all-in sustaining costs (AISC) were $1,750 for Q4 and $1,900 for the year [5][20] - The average realized gold price for the year was $3,482 per ounce, with cash costs including royalties averaging $1,484 per ounce sold [5][20] Mineral Reserves and Resources - As of December 31, 2025, IAMGOLD's proven and probable mineral reserves totaled 9.9 million ounces of gold, a decrease of 7% from the previous year due to depletion at Côté Gold and Essakane [5][6] - Measured and indicated mineral resources increased by 16% to 31.0 million ounces, primarily due to the conversion of inferred resources at Côté Gold and Nelligan [6] Capital Expenditures and Future Plans - The company allocated $400 million of free cash flows in Q4 to repay debt and repurchase shares, with expectations of approximately $400 to $500 million in free cash flow from Essakane in 2026 [13] - Capital expenditures for 2026 are expected to total approximately $500 million, with $380 million for sustaining capital and $120 million for expansion [26][27] Health and Safety - IAMGOLD reported a total recordable injuries frequency rate (TRIFR) of 0.60 for 2025, an improvement from the previous year, reflecting the company's commitment to safety [31]

Targeting near-term production, medium-term scale & long-term growth ADELAIDE, AU / ACCESS Newswire / February 17, 2026 / Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) (Barton or Company) advises that the attached presentation is due to be presented today at the RIU Explorers Conference. A copy of this presentation can be accessed on the ASX website, the investor section of Barton's website, or directly by clicking here. ...

SSR Mining (NasdaqGS:SSRM) Q4 2025 Earnings call February 17, 2026 05:00 PM ET Company ParticipantsAlex Hunchak - VP of Investor Relations & Capital MarketsBill MacNevin - EVP of Operations and SustainabilityCosmos Chiu - Managing Director and Director of Precious Metals Equity ResearchMichael Sparks - CFORod Antal - Executive ChairmanConference Call ParticipantsDon DeMarco - AnalystGeorge Eadie - AnalystOvais Habib - AnalystOperatorHello everyone, and welcome to SSR Mining's fourth quarter and full year 20 ...

Financial Data and Key Metrics Changes - In Q4 2025, SSR Mining generated over $100 million in free cash flow, finishing the year with $535 million in cash and more than $1 billion in liquidity [4][14] - Full year production reached 447,000 gold equivalent ounces, exceeding the midpoint of guidance, with a full year AISC of $1,923 per ounce [13][14] - Free cash flow totaled $252 million for the full year, with over $400 million when excluding changes in working capital [14] Business Line Data and Key Metrics Changes - Marigold produced 43,000 ounces of gold in Q4 2025, with AISC of $2,089 per ounce, and is expected to produce between 170,000-200,000 ounces in 2026 [19][20] - CC&V produced 39,000 ounces of gold in Q4 2025, with AISC of $1,596 per ounce, and is expected to produce 125,000-150,000 ounces in 2026 [22][24] - Puna exceeded its production guidance for the third consecutive year, producing 2.1 million ounces of silver in Q4 2025, with AISC of $1,839 per ounce [27] Market Data and Key Metrics Changes - The company holds 11 million ounces of gold equivalent mineral reserves, up nearly 40% year-over-year, driven by the incorporation of CC&V and Hod Maden [18] - Mineral reserve price assumptions remained conservative at $1,700 per ounce for gold and $20.50 per ounce for silver [18] Company Strategy and Development Direction - SSR Mining plans to allocate a substantial amount of capital investment in 2026 to advance growth opportunities, particularly in brownfield projects [7][11] - The company announced a share buyback program of up to $300 million, indicating confidence in its portfolio value [4][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued free cash flow generation in 2026 and highlighted strong operational results from key assets [4][29] - The company is focused on maintaining a strong financial position while pursuing growth initiatives across its portfolio [29] Other Important Information - The Hod Maden Development Project is highlighted as a significant asset with a $1.7 billion NPV and a 39% internal rate of return at consensus metal prices [6][9] - The company is advancing engineering and site establishment activities at Hod Maden, with a construction decision expected after ongoing reviews [48][50] Q&A Session Summary Question: Can you provide more color on Marigold's guidance? - Management indicated that the guidance range of 170,000-200,000 ounces is a good indication of expected delivery, considering updated blending requirements [31][32] Question: What silver prices are needed for Puna to extend operations beyond 2028? - Management noted that ongoing work at Chinchillas and Molina could allow for extended operations, with current silver prices supporting this outlook [41][44] Question: What is the timeline for a construction decision on Hod Maden? - Management stated that site work is ongoing, and a construction decision will follow a review process with partners, but no specific timeline was provided [48][49] Question: Why is the guidance for Puna's silver production lower than previously stated? - Management explained that the timing of ounces has changed due to ongoing work at Chinchillas, but production levels are expected to be maintained at a higher level for longer [60][62] Question: What is the plan for CC&V to accelerate production? - Management indicated that the mine extension is contingent on obtaining Amendment Fourteen approval, which will allow for pad expansions and further optimization [91][92]

Core Viewpoint - IAMGOLD Corporation has released its updated Mineral Resources and Mineral Reserves statement as of December 31, 2025, highlighting significant growth in Measured and Indicated Resources and ongoing exploration efforts across its projects, particularly in Canada [1][3]. Mineral Resources - IAMGOLD's Measured and Indicated Mineral Resources increased by 16% to 31 million ounces, with 24.6 million ounces attributable [8][10]. - The increase was primarily due to the conversion of Inferred Mineral Resources at the Gosselin and Nelligan deposits, along with the inclusion of Philibert and Chevrier deposits from the Northern Superior transaction [10][12]. - Global Inferred Mineral Resources decreased by 2% to 12.5 million ounces [10][12]. Mineral Reserves - Proven and Probable Mineral Reserves totaled 9.9 million ounces, a decrease of 7% from the previous year, mainly due to depletion at Côté Gold and Essakane [8][9]. - Côté Gold's Mineral Reserves decreased by 301,000 ounces, while Westwood's reserves increased due to a change in resource model and higher gold price assumptions [9][10]. - The total Proven and Probable Mineral Reserves were estimated at 279.6 million tonnes at an average grade of 1.10 g/t Au [8][21]. Project Highlights - Côté Gold is a focal point for IAMGOLD, with plans for a technical report in Q4 2026 that will outline a mine plan incorporating both Côté and Gosselin pits [3][13]. - At Westwood, exploration activities are aimed at expanding the mine in the eastern parts, while Essakane's Mineral Resource tonnes increased by 50%, indicating potential for mine life extension [3][14]. - The Nelligan Mining Complex is set for a $24 million exploration budget to expand mineralized footprints and test high-priority targets [20][19]. Financial Assumptions - The gold price assumptions for estimating Mineral Reserves were updated to $2,000 per ounce for Westwood and Essakane, and $1,700 per ounce for Côté Gold [5][11]. - For Mineral Resources, the gold price was set at $2,500 per ounce for several projects, reflecting an increase from previous estimates [11][22].

Gold fell below $4,900 an ounce as the dollar advanced amid thin holiday trading, with much of Asia closed for the Lunar New Year. Silver also retreated. The dollar rose as much as 0.4% before easing to trade little changed — after closing higher Monday — as traders kept an eye on potential tensions in the Middle East and growing risk-off sentiment across equity markets. A stronger greenback makes precious metals more expensive for most buyers. Most Read from Bloomberg Bullion has been on a powerful ra ...