Core Insights - Scorpio Gold Corporation is implementing a strategic realignment of infrastructure at its Manhattan District project in Nevada to support a modern, centralized core processing, logging, and storage facility aimed at expanding exploration programs [1][2]. Infrastructure Development - The company plans to construct a geological facility that will enhance drill volumes, geological interpretation, and core management systems, freeing up space in an existing structure that is currently undersized for future operations [2][3]. - The objective is to establish infrastructure for efficient processing, analysis, and secure storage of drill core to support an aggressive exploration strategy [3][4]. Leadership Perspective - CEO Zayn Kalyan emphasized the need for modern infrastructure to scale exploration activities, stating that the investment in a centralized facility will enable higher drill volumes and improved geological modeling [4]. Facility Features - The planned facility will include centralized core receiving and processing areas, dedicated logging and sampling stations, expanded secure core storage, and integrated geological data capture systems [5][13]. Capital Reallocation - The company’s subsidiary, Goldwedge LLC, has entered into an asset purchase agreement with Manhattan Metals Corp. to sell certain mineral processing infrastructure for C$750,000, which will support the exploration focus [6][8]. Processing Assets Details - The processing assets include a permitted facility with a primary crusher and a milling circuit capable of processing approximately 400 tons per day, although these assets have not been operational in recent years [7][8]. Transaction Timeline - The sale transaction is scheduled to close on May 14, 2026, subject to customary closing conditions, including approval from the TSX Venture Exchange [9]. Marketing Engagement - Scorpio Gold has retained Mining Stock Education LLC for investor communication and marketing services, with a total compensation of US$120,000 over twelve months [10]. Historical Context - The Manhattan District has historically produced approximately 700,000 ounces of gold, with a maiden mineral resource estimate indicating 740,000 ounces of contained gold in the inferred category [11][12].

Core Viewpoint - New Gold (NGD) is anticipated to show a significant improvement in earnings for the fourth quarter of 2025, with an expected earnings per share (EPS) of 27 cents, reflecting a 285.7% increase from the previous year's EPS of 7 cents [1]. Earnings Estimates - The Zacks Consensus Estimate for NGD's EPS has decreased by 3.6% over the past 60 days [1]. - The current EPS estimate for Q1 is 0.27, Q2 is 0.43, E1 is 0.66, and E2 is 1.55, with revisions showing a trend of -3.57% for Q1, +72.00% for Q2, +13.79% for E1, and +40.91% for E2 [2]. Earnings Surprise History - New Gold has consistently beaten the Zacks Consensus Estimate in the last four quarters, achieving an average earnings surprise of 41.4% [2][3]. - The reported EPS for the last four quarters were 0.25, 0.11, 0.02, and 0.07, with respective surprises of 38.89%, 10.00%, 100.00%, and 16.67% [3]. Production and Sales Performance - In Q4 2025, New Gold produced a total of 107,778 ounces of gold, with a notable 55% year-over-year increase from the Rainy River mine, which produced 94,423 ounces [5][6]. - Overall quarterly gold production rose by 34% year-over-year, despite a 32% decline in production at the New Afton mine [6]. - New Gold sold 104,886 ounces of gold in Q4 2025, a 36% increase from 77,281 ounces in the same quarter last year [7]. Revenue and Operating Expenses - Revenues for the quarter are expected to benefit from higher gold sales volumes and increased gold prices, although copper sales volumes declined [8]. - Operating expenses are likely to have risen compared to the previous year, primarily due to increased gold production levels [8]. Stock Performance - New Gold's stock has surged by 280.1% over the past year, significantly outperforming the industry growth of 143.8% [11].

Core Viewpoint - B2Gold Corp (BTG) is expected to report significant growth in fourth-quarter 2025 earnings, with an estimated EPS of 20 cents compared to 1 cent a year ago, despite a recent downward revision of 9.1% in consensus estimates over the past 60 days [1][4]. Earnings Performance - B2Gold has a mixed earnings surprise history, beating estimates in one of the last four quarters and lagging in three, with an average negative surprise of 24.4% [2]. - The company has a positive Earnings ESP of +1.24% and a Zacks Rank of 3 (Hold), indicating potential for an earnings beat [5][4]. Factors Influencing Q4 Performance - Several factors have contributed to the rise in gold prices in 2025, including geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, central bank purchases, and tariff conditions [6]. - Gold prices remained near record highs during the October-December period, which is likely to positively impact B2Gold's performance [7]. Production Outlook - B2Gold anticipates recovering lost production at the Fekola Mine in 2025, with expected gold output from the Fekola Complex between 515,000 and 550,000 ounces, and additional production from the Otjikoto and Masbate mines [8]. - The company expects higher year-over-year gold production and prices to reflect positively in its fourth-quarter results, although cost inflation pressures are impacting margins [9]. Share Price Performance - B2Gold's shares have increased by 117.4% over the past year, compared to a 147.7% rise in the industry [10].

Core Insights - Royal Gold, Inc. (RGLD) is expected to report fourth-quarter 2025 earnings on February 18, with a consensus estimate of $2.68 per share, reflecting significant growth from $1.63 a year ago, and an 11.7% increase in estimates over the past 60 days [1][4]. Earnings Performance - RGLD has delivered an earnings beat in three of the last four quarters, with an average surprise of 3.9% [2]. - The company has an Earnings ESP of 0.00% and a Zacks Rank of 3, indicating a neutral outlook for the upcoming earnings report [5]. Factors Influencing Performance - The rise in gold and silver prices in 2025 has been driven by geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, central bank purchases, and tariff conditions, contributing to near-record high prices in Q4 [6]. - Royal Gold's acquisitions and strong business model have allowed it to maintain high margins despite inflationary pressures [7]. Sales and Acquisitions - On October 20, 2025, Royal Gold acquired Sandstorm Gold Ltd. and Horizon Copper Corp., adding 40 producing assets to its portfolio [8]. - In Q4, RGLD sold 58,200 gold equivalent ounces (GEOs), which included 48,100 ounces of gold and 610,900 ounces of silver, marking an increase from previous quarters [9]. Share Price Performance - RGLD shares have increased by 96.8% over the past year, compared to the industry's growth of 147.7% [10].

Core Viewpoint - Allied Gold Corporation (AAUC) is experiencing operational strength across its sites in Mali, Côte d'Ivoire, and Ethiopia, with a notable increase in gold production in 2025 [1][8]. Production and Operations - In the first nine months of 2025, Allied Gold produced 262,077 ounces of gold, an increase from 258,459 ounces in the same period last year [1]. - The company is expected to increase its output to over 375,000 ounces in 2025, driven by significant production in the fourth quarter, particularly from the Bonikro mine and the commencement of the Phase 1 fresh ore comminution circuit at the Sadiola operation [2][8]. - Allied Gold is enhancing its drilling of high-grade zones and refining mine models to improve productivity and accuracy [3]. - New equipment has been deployed at the Sadiola mine to enhance fleet availability, and experienced local hires have strengthened mine management in Mali [3]. - The company is increasing stripping activities at Bonikro and Agbaou sites to access higher-grade ore, which is expected to boost production and operational efficiency [3]. Exploration and Future Plans - Allied Gold is expanding exploration activities at its Kurmuk mine in Ethiopia in preparation for planned production in 2026, focusing on increasing gold resources and extending the mine life at Ashashire and Dish Mountain [4]. Market Position and Valuation - Allied Gold's shares have surged 90.3% over the past three months, outperforming the industry growth of 36.1% [7]. - The company is trading at a forward price-to-earnings ratio of 1.91X, which is below the industry average of 3.52X, indicating a potentially attractive valuation [10]. - The Zacks Consensus Estimate for AAUC's 2026 earnings has increased by 10.1% over the past 60 days, reflecting positive market sentiment [11].

Core Insights - Alamos Gold (AGI) is set to report its fourth-quarter 2025 results on February 18, with earnings estimates indicating a 96% growth year-over-year to 49 cents per share, despite a 12.50% downward revision in estimates over the past 60 days [1][4]. Earnings Performance - In the last four quarters, Alamos Gold's earnings have matched the Zacks Consensus Estimate once, exceeded it twice, and fell short once, resulting in an average negative earnings surprise of 1.06% [2][3]. - The Earnings ESP for AGI is currently 0.00%, and the company holds a Zacks Rank of 3 (Hold), indicating that the model does not predict a definitive earnings beat this time [5]. Production and Revenue - Alamos Gold reported total production of 141,500 ounces in Q4 2025, reflecting a 1% increase year-over-year, with higher output from the Island Gold District (up 8%) and the Mulatos District (up 3%), although the Young-Davidson mine saw a 9% decline [6][8]. - The company achieved record quarterly revenues of $568 million, driven by higher gold prices and stronger sales volumes, with an average realized price of $3,997 per ounce [4][8]. - In the same quarter last year, Alamos Gold sold 141,258 ounces of gold at a realized price of $2,632 per ounce, resulting in revenues of $375.8 million [9]. Market Performance - Alamos Gold's shares have appreciated by 102.9% over the past year, compared to the industry's growth of 143.8% [10].

Core Viewpoint - Westgold Resources has successfully sold its Mt Henry Gold Project to Alicanto Minerals, with the total consideration increasing from A$64.6 million to A$110 million due to the appreciation of Westgold's stake in Alicanto since the initial announcement in December 2025 [1]. Group 1: Transaction Details - The sale of the Mt Henry Gold Project was completed after fulfilling all necessary conditions, including ministerial consent and approvals from shareholders and the Ngadju Native Title Aboriginal Corporation [2]. - The increase in the sale value reflects the appreciation of Westgold's 19.9% stake in Alicanto, highlighting the positive market response since the initial announcement [1]. Group 2: Future Plans and Exploration - Alicanto Minerals is set to initiate a 50,000-meter drilling program aimed at expanding the existing resource of 915,000 ounces along a 16 km corridor [2]. - The Mt Henry site is described as a large, under-explored gold system with significant potential for further value extraction through the planned drilling program [4]. Group 3: Strategic Implications for Westgold - The divestment of the Mt Henry project is part of Westgold's strategy to streamline its portfolio by selling non-core assets, which is expected to enhance shareholder value [4]. - Westgold's ongoing portfolio simplification includes advancing the divestment of its Peak Hill and Chalice gold assets and planning an IPO for Valiant Gold, targeting a listing in late March 2026 [6]. - Westgold remains a significant shareholder in Alicanto and will benefit from any exploration success resulting from the drilling program [5].

Core Viewpoint - NovaGold Resources Inc. is well positioned to benefit from rising gold prices, which have shown a consistent upward trend despite some short-term fluctuations [1] Company Summary - NovaGold Resources Inc. is expected to capitalize on the ongoing gains in gold prices, indicating a favorable outlook for the company in the current market environment [1] Industry Summary - The gold market is experiencing a prolonged period of price increases, suggesting a robust demand for gold as an investment asset [1]

Group 1 - NovaGold Resources Inc. is well positioned to benefit from rising gold prices, which have shown a consistent upward trend despite some short-term fluctuations [1] - The company is highlighted for its potential to attract various types of investors, including those focused on dividends, value propositions, or growth opportunities [1]

Company Overview - TRX Gold Corporation (NYSE:TRX) is involved in the exploration, development, and production of mineral property interests in Tanzania, focusing on advancing projects through internally generated cash flow rather than equity financing [4] - The company was founded in 1990 and is headquartered in Oakville, Canada, with a strategy centered on disciplined capital allocation to scale operations while preserving shareholder value [4] Recent Developments - On February 9, Roth Capital raised its price target on TRX Gold Corporation to $2.25 from $1.25, maintaining a Buy rating, citing the company's strategy of moving directly into production to generate cash flow while minimizing shareholder dilution [1] - The analyst noted that disciplined financial management and current metal prices could enable TRX to reach its targeted long-term production levels without issuing additional equity [1] Governance and Shareholder Matters - On January 29, 2026, TRX Gold Corporation filed a Form 6-K with U.S. regulators regarding its upcoming annual general and special meeting of shareholders scheduled for February 25, 2026 [3] - The filing includes standard governance matters such as receiving audited financial statements for the fiscal year ended August 31, 2025, setting the board size at five directors, electing directors, appointing the auditor, and addressing other proper business [3]