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Gold Drops Below $4,900 in Thin Holiday Trading as Dollar Rises
Yahoo Finance· 2026-02-17 22:22
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 ...
Bonterra Awarded UL ECOLOGO Certification for Responsible Mineral Exploration and Announces Grants Security-Based Compensation
TMX Newsfile· 2026-02-17 22:00
Core Viewpoint - Bonterra Resources Inc. has received UL 2723 ECOLOGO® Certification for its exemplary environmental, social, and governance (ESG) practices in mineral exploration, highlighting its commitment to sustainable development [1][2]. Company Developments - The company granted 545,000 restricted share units (RSUs) to its officers, which are subject to a one-year vesting period [2]. - Additionally, Bonterra granted stock options to acquire 1,660,000 common shares, with an exercise price of $0.18 per share, vesting immediately and valid for five years [3]. Exploration Assets - Bonterra is a Canadian gold exploration company with advanced exploration assets, including the Gladiator, Barry, Moroy, and Bachelor gold deposits. These collectively hold 7.4 million tonnes at 5.21g/t Au for 1.24 million ounces in the Measured and Indicated categories, and 9.2 million tonnes at 6.05g/t Au for 1.78 million ounces in the Inferred category [4]. Joint Venture Agreement - In November 2023, Bonterra entered into a joint venture agreement with Osisko Mining for the Urban-Barry properties, which include the Gladiator and Barry deposits. Following the acquisition of Osisko Mining by Gold Fields Ltd. for C$2.16 billion in October 2024, Gold Fields became the counterparty to the JV Agreement. Gold Fields can earn a 70% interest in the joint venture by incurring C$30 million in work expenditures by November 2026 [5].
Alamos Gold Reports Mineral Reserves and Resources for the Year-Ended 2025
Globenewswire· 2026-02-17 22:00
Global Mineral Reserves Increase 32% with Grades also Increasing 5%, Driven by 125% Growth in High-Grade Mineral Reserves at Island GoldAll amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its updated Mineral Reserves and Resources as of December 31, 2025. For a detailed summary by asset, refer to the tables below. Highlights Global Proven and Probable Mineral Reserves inc ...
Alamos Gold Reports Mineral Reserves and Resources for the Year-Ended 2025
Globenewswire· 2026-02-17 22:00
Core Viewpoint - Alamos Gold Inc. reported a significant increase in its Mineral Reserves and Resources as of December 31, 2025, with a total of 16 million ounces, marking the seventh consecutive year of growth and a 24% increase in grades over that period. The majority of this growth occurred within the Island Gold District, which is set to expand further due to successful exploration efforts and a record exploration budget of nearly $100 million planned for 2026 [1][2][8]. Mineral Reserves - Global Proven and Probable Mineral Reserves increased by 32% to 15.9 million ounces of gold, with grades rising by 5% to 1.87 grams per tonne [2][7]. - Island Gold's Mineral Reserves more than doubled, increasing by 125% to 5.1 million ounces, reflecting successful conversion of Mineral Resources [2][9]. - Magino's Mineral Reserves increased by 56% to 3.1 million ounces, primarily due to the conversion of Mineral Resources [2][10]. - Young-Davidson's Mineral Reserves remained largely unchanged at 3.0 million ounces, while Mulatos saw a decrease to 1.2 million ounces due to depletion [11][39]. Mineral Resources - Global Measured and Indicated Mineral Resources increased by 6% to 5.5 million ounces, with grades slightly higher at 1.44 g/t Au [15]. - Global Inferred Mineral Resources decreased by 63% to 2.0 million ounces, reflecting successful conversion to Mineral Reserves [15][21]. Island Gold District - The Island Gold District saw a 2% increase in total Mineral Reserves and Resources to 6.8 million ounces, marking the 10th consecutive year of growth [17]. - The exploration program focused on delineation drilling, resulting in a 125% increase in Mineral Reserves to 5.1 million ounces [18]. - The average grade at Island Gold decreased by 7% to 10.61 g/t Au, with significant potential for further growth due to open areas laterally and at depth [19]. Exploration Budget and Plans - A record exploration budget of $97 million is planned for 2026, up 37% from 2025, with a focus on the Island Gold District, Young-Davidson, and Lynn Lake [2][28]. - The exploration program includes 50,000 meters of underground drilling at Island Gold and 48,000 meters of surface drilling targeting areas between Island Gold and Magino [30][31]. Young-Davidson and Mulatos District - Young-Davidson's Mineral Reserves decreased slightly to 3.0 million ounces, but Measured and Indicated Mineral Resources increased by 26% to 1.5 million ounces [34][38]. - The Mulatos District saw a 14% decrease in Mineral Reserves to 1.2 million ounces, while Measured and Indicated Mineral Resources increased by 26% to 0.8 million ounces [39][42]. Lynn Lake District - Total Mineral Reserves for the Lynn Lake District increased by 3% to 3.4 million ounces, driven by additions within the Linkwood deposit [45]. - A budget of $6 million is allocated for exploration at Lynn Lake in 2026, up from $3 million in 2025 [46].
SSR Mining(SSRM) - 2025 Q4 - Earnings Call Presentation
2026-02-17 22:00
Fourth Quarter & Full-Year 2025 Financial Results February 2026 Cautionary Notes Cautionary Note Regarding Forward-Looking Information and Statements Except for statements of historical fact relating to us, certain statements contained in this presentation (including information incorporated by reference herein) constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Section 27A of the Securities ...
Maple Gold Announces Closing of Oversubscribed Concurrent Offerings for Gross Proceeds of $16 Million
TMX Newsfile· 2026-02-17 21:30
Core Viewpoint - Maple Gold Mines Ltd. successfully closed two oversubscribed private placement offerings, raising a total of $15,000,085 to support exploration activities at its Douay/Joutel Gold Project in Quebec, Canada [1][2][4]. Group 1: Offering Details - The LIFE Offering generated gross proceeds of $11,985,000 through the issuance of 3,525,000 flow-through common shares at a price of $3.40 per share [1]. - The Concurrent Private Placement raised $4,015,085, issuing 1,070,960 flow-through shares and 152,580 common shares at a price of $2.45 per common share [2]. - The total gross proceeds from both offerings amount to $15,000,085, indicating strong investor interest and confidence in the company [1][2]. Group 2: Shareholder Participation - Agnico Eagle Mines Limited acquired 662,780 common shares, maintaining a pro rata ownership interest of approximately 13.7% [3]. - Strategic investor Michael Gentile and institutional investor Franklin Templeton retained ownership interests of approximately 8.4% and 9.5%, respectively, following their participation in the offerings [3]. - Members of Maple Gold's management and board purchased a total of 96,700 common shares, aligning their interests with shareholders [3][9]. Group 3: Use of Proceeds - The company plans to use the gross proceeds from the sale of flow-through shares to incur eligible Canadian exploration expenses related to its projects, with a commitment to renounce these expenditures to subscribers by specified deadlines [6]. - Net proceeds from the sale of common shares will be allocated for general and administrative expenses and working capital over the next 12 months [6]. Group 4: Company Overview - Maple Gold Mines Ltd. is focused on advancing its 100%-owned Douay/Joutel Gold Project, which spans approximately 481 square kilometers in Quebec's Abitibi Greenstone Gold Belt [10]. - The project has significant resource expansion potential and includes historical mining sites, with ongoing exploration aimed at establishing a new gold district [11].
SSR Mining Reports Full-Year 2025 Results and 2026 Operating Guidance
Businesswire· 2026-02-17 21:10
DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM) ("SSR Mining" or the "Company") reports consolidated financial results for the fourth quarter and full-year ended December 31, 2025, as well as updated Mineral Reserves and Mineral Resources ("MRMR†) as of December 31, 2025 and full-year 2026 operating guidance. (1) Consolidated operating results: Fourth quarter 2025 production was 120,267 gold equivalent ounces at consolidated cost of sales of $1,613 per payable ounce and AISC of $2,2. ...
Should You Buy, Sell or Hold AU Stock Before Q4 Earnings Release?
ZACKS· 2026-02-17 18:01
Core Viewpoint - AngloGold Ashanti PLC is expected to report strong fourth-quarter 2025 results, driven by higher gold prices and increased production, with earnings projected to rise by 113.5% year-over-year and total sales expected to increase by 73% [1][4][19] Earnings and Sales Estimates - The Zacks Consensus Estimate for fourth-quarter 2025 earnings is $1.90 per share, unchanged over the past 60 days [1] - Total sales for the fourth quarter are estimated at $3.03 billion, reflecting a 73% increase from the previous year [4] Production Performance - In the third quarter, AngloGold Ashanti reported a 17% year-over-year increase in gold production, totaling 768,000 ounces, supported by contributions from key assets such as Sukari, Obuasi, Kibali, and Geita [8][9] - The production increases are expected to continue into the fourth quarter, contributing to the anticipated higher earnings [8] Market Conditions - The rise in gold prices in 2025 has been influenced by geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, and central bank purchases, leading to near-record high levels of gold prices [10] - This favorable market environment is expected to enhance AngloGold Ashanti's performance in the upcoming quarter [10] Stock Performance and Valuation - AngloGold Ashanti's shares have surged 258.3% over the past year, outperforming the industry average increase of 147.6% [12] - The stock is currently trading at a forward earnings multiple of 12.60X, which is below the industry average of 14.05X [13] Strategic Growth Initiatives - The company is pursuing both organic and inorganic growth strategies, including the acquisition of Centamin, which added the Sukari mine to its portfolio, capable of producing 500,000 ounces annually [17] - AngloGold Ashanti is also focusing on streamlining operations and enhancing its presence in core markets, particularly in the United States [18]
Equinox Gold (EQX) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2026-02-17 18:01
Core Viewpoint - Equinox Gold (EQX) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Equinox Gold suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [9][10]. Recent Earnings Estimate Revisions - For the fiscal year ending December 2025, Equinox Gold is expected to earn $0.44 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 7.7% over the past three months [8].
Wall Street Bullish on Agnico Eagle Mines (AEM) After FQ4 Results
Yahoo Finance· 2026-02-17 17:56
Core Viewpoint - Agnico Eagle Mines Limited (NYSE:AEM) is recognized as one of the best-performing foreign stocks, with Wall Street showing bullish sentiment following the company's strong fiscal Q4 2025 earnings report [1]. Financial Performance - In fiscal Q4 2025, Agnico Eagle Mines reported a revenue increase of 60.27% year-over-year, reaching $3.56 billion, exceeding estimates by $114.37 million [2]. - The company achieved an earnings per share (EPS) of $2.70, surpassing estimates by $0.05 [2]. - Gold production for the quarter was 840,608 ounces, with production costs per ounce at $1,113 and a realized gold price of $4,163 per ounce [2]. - The strong production and higher realized gold prices resulted in a quarterly net income of $1,523 million, equating to $3.04 per share [2]. Growth Strategy - Management has outlined an ambitious growth strategy aimed at increasing annual gold production by 20% to 30% by the early 2030s [4]. - Following the earnings release on February 12, the share price of Agnico Eagle Mines has increased by more than 5.5% [4]. Company Overview - Agnico Eagle Mines Limited is a leading Canadian gold mining company engaged in the production of precious metals, primarily gold, from operations in Canada, Australia, Finland, and Mexico [4].