Financial Data and Key Metrics Changes - In Q4 2025, adjusted net earnings were $83 million, or $0.41 per share, benefiting from strong production and elevated metal prices [22] - Full year 2025 adjusted net earnings were $229 million, or $1.12 per share [22] - Consolidated all-in sustaining costs (AISC) on a byproduct basis in Q4 were $1,646 per ounce, while full year AISC was $1,614 per ounce, outperforming guidance [23][24] - Cash balance at the end of 2025 was $529 million, with total liquidity reaching $929 million [25][26] Business Line Data and Key Metrics Changes - Mount Milligan produced over 44,000 ounces of gold and 13 million pounds of copper in Q4 2025, with full year production of over 147,000 ounces of gold and 50 million pounds of copper [13][14] - Öksüt produced over 26,500 ounces of gold in Q4 2025, with full year production exceeding guidance at over 127,700 ounces [16] - AISC for Mount Milligan in Q4 was $913 per ounce, significantly lower than the previous quarter [15] - AISC for Öksüt in Q4 was $1,748 per ounce, higher due to lower gold ounces sold and increased sustaining CapEx [16][17] Market Data and Key Metrics Changes - Average realized price for gold in Q4 was $3,415 per ounce and for copper was $4.69 per pound [22] - Molybdenum sold in Q4 amounted to 3.6 million pounds at an average price of $23.78 per pound [22] Company Strategy and Development Direction - The company is focused on a self-funded growth strategy, with projects like Mount Milligan, Goldfield, and Kemess being key growth opportunities [5][11] - The Kemess project has a robust economic profile with an after-tax NPV of $1.1 billion and an IRR of 16% [8] - The company aims to maintain a disciplined approach to capital allocation while returning capital to shareholders [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in generating strong cash flow in 2026, which will support growth projects and shareholder returns [5][26] - The company is committed to protecting and expanding margins through disciplined cost management [27] - Management highlighted the importance of ongoing exploration and technical work to enhance the growth pipeline [11][28] Other Important Information - The company received all required permits for Mount Milligan operations through 2035, including a 10% increase in plant throughput starting in 2028 [12] - Operations at the Langeloth facility were suspended following an explosion, with repairs expected to cost $5-$10 million [19][20] Q&A Session Summary Question: Langeloth suspension and inventory build - Management indicated that concentrate purchases will continue during the shutdown, leading to an inventory build [32][33] Question: Water management projects at Mount Milligan - Management clarified that water management is an ongoing process, with some capital expenditures being slightly higher than previous years [35][37] Question: Kemess PFS and resource updates - Management stated that the PFS aims to tighten assumptions and advance engineering, with potential for resource expansion through further drilling [41][42] Question: CapEx increase at Thompson Creek - Management explained that the CapEx increase is due to various factors, including inflation and maintenance, and that it is difficult to fix the number precisely [46][48] Question: Cost discipline and performance - Management attributed strong cost performance to site-wide optimization programs and the benefits from byproduct copper prices [50][52] Question: Endako mill value - Management confirmed that the current strategy is to focus on Thompson Creek before considering any actions regarding the Endako mill [58][60]

Financial Data and Key Metrics Changes - In Q4 2025, adjusted net earnings were $83 million, or $0.41 per share, benefiting from strong production and elevated metal prices [21] - Full year 2025 adjusted net earnings were $229 million, or $1.12 per share [21] - Consolidated all-in sustaining costs (AISC) on a byproduct basis for Q4 were $1,646 per ounce, and for the full year, it was $1,614 per ounce, outperforming guidance [22][23] - Cash balance at the end of 2025 was $529 million, with total liquidity at $929 million [25][26] Business Line Data and Key Metrics Changes - Mount Milligan produced over 44,000 ounces of gold and 13 million pounds of copper in Q4 2025, with full year production of over 147,000 ounces of gold and 50 million pounds of copper [13] - Öksüt produced over 26,500 ounces of gold in Q4 2025, with full year production exceeding guidance at over 127,700 ounces [16] - AISC for Mount Milligan in Q4 was $913 per ounce, significantly lower than the previous quarter [14] - AISC for Öksüt in Q4 was $1,748 per ounce, higher due to lower gold ounces sold and increased sustaining CapEx [16][17] Market Data and Key Metrics Changes - Average realized price for gold in Q4 was $3,415 per ounce and for copper was $4.69 per pound [22] - Molybdenum sold in Q4 was approximately 3.6 million pounds at an average price of $23.78 per pound [22] Company Strategy and Development Direction - The company is focused on a self-funded growth strategy, with projects like Mount Milligan, Goldfield, and Kemess being key growth areas [5][6] - The Kemess project has a robust economic profile with an after-tax NPV of $1.1 billion and an IRR of 16% [7] - The company aims to maintain a disciplined approach to capital allocation while returning capital to shareholders [25][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in generating strong cash flow in 2026, which will support growth projects and shareholder returns [5][28] - The company is well-positioned for sustainable value delivery in 2026 and beyond, with a stable operating base and clear growth pipeline [29] Other Important Information - The restart of Thompson Creek is progressing, with approximately 27% of infrastructure refurbishment complete [18] - Operations at the Langeloth facility were suspended due to an explosion, with repairs expected to cost $5-$10 million [19][20] Q&A Session Summary Question: Langeloth suspension and inventory build - Management indicated that concentrate purchases will continue during the shutdown, leading to an inventory build [32][33] Question: Water management projects at Mount Milligan - Management clarified that water management is an ongoing process, with some capital expenditures expected to be slightly higher this year [35][36] Question: Capital expenditure increase at Thompson Creek - Management explained that the increase is due to various factors including inflation and maintenance, with no significant changes in physical equipment costs expected [46][48] Question: Cost discipline across the portfolio - Management attributed cost performance to strong operational discipline and the benefits from byproducts, particularly copper [50][51] Question: Update on Endako mill - Management stated that the current strategy is to focus on Thompson Creek before considering any actions regarding Endako [57][58]

TSX CG NYSE CGAU BUILDING A STRONG PLATFORM FOR FUTURE GROWTH Cautionary Statement on Forward Looking Information Fourth Quarter 2025 Results Conference Call & Webcast FEBRUARY 20, 2026 All statements, other than statements of historical fact contained or incorporated by reference in this document, which address events, results, outcomes or developments that the Company expects to occur are, or may be deemed to be, forward-looking information or forward-looking statements within the meaning of certain secur ...

BHP Group Limited (NYSE:BHP) shares are up during Friday’s premarket session as the company is exploring pathways to unlock additional copper supply in the U.S. This positive movement comes as BHP has signed a non-binding letter of intent with Faraday Copper Corp. to potentially restart the San Manuel copper mine in Arizona, which could enhance the U.S. copper supply chain.The latest development follows BHP’s move to secure a $4.3-billion silver streaming deal with Wheaton Precious Metals Corp., marking the ...

Core Viewpoint - Faraday Copper Corp. has entered into a non-binding letter of intent with BHP Group Limited for the acquisition of the San Manuel property, which is adjacent to Faraday's Copper Creek project in Arizona [1] Company Summary - Faraday Copper Corp. is pursuing a proposed transaction to acquire 100% of the San Manuel property from BHP [1] - The acquisition is contingent upon negotiating a definitive purchase and sale agreement and obtaining necessary approvals [1] Industry Context - The transaction highlights ongoing consolidation trends in the mining sector, particularly in copper resources, as companies seek to enhance their project portfolios [1]

Core Viewpoint - Andina Copper Corp. is conducting a non-brokered private placement to raise a total of $20,000,000 through two offerings, the LIFE Offering and the Concurrent Financing, each involving the sale of 12,500,000 common shares at a price of $0.80 per share [1][2]. Group 1: Offerings Details - The LIFE Offering will provide gross proceeds of $10,000,000 and is conducted under the Listed Issuer Financing Exemption, with shares not subject to a Canadian hold period [1][4]. - The Concurrent Financing will also raise $10,000,000 through the sale of Non-LIFE Shares, which will be subject to a hold period for Canadian residents [2][3]. - Finder's fees of up to 6% cash may be paid in connection with the Offerings [2]. Group 2: Use of Proceeds - The net proceeds from the Offerings will be allocated to fund exploration at the Piuquenes and Cobrasco Projects, as well as for working capital and general corporate purposes [5]. Group 3: Regulatory and Compliance Information - The LIFE Shares will be offered in all Canadian provinces except Quebec, while the Non-LIFE Shares may be offered in other qualifying jurisdictions outside Canada [3][4]. - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the United States without registration or applicable exemptions [7][12].

Core Insights - Hudbay Minerals achieved record annual revenue of $2.2 billion and adjusted EBITDA of $1.1 billion in 2025, marking a transformative year for the company [2][4][25] - The company met its consolidated copper and gold production guidance for the 11th and 5th consecutive years, respectively, despite external challenges [4][22][23] - Hudbay's diversified operations demonstrated resilience, generating over $380 million in free cash flow and achieving record financial performance for three consecutive years [2][4][25] Financial Performance - Fourth quarter revenue reached $732.9 million, with adjusted EBITDA of $385.9 million, reflecting strong operational performance [8][33] - Full year adjusted EBITDA was $1,060.9 million, a 29% increase from 2024, driven by higher metal prices and stable operating performance [25][26] - Net earnings attributable to owners for 2025 were $568.5 million, or $1.44 per share, significantly higher than $76.7 million, or $0.20 per share, in 2024 [26][27] Production and Cost Performance - Consolidated copper production for 2025 was 118,188 tonnes, and gold production was 267,934 ounces, meeting production guidance [4][22] - The consolidated cash cost, net of by-product credits, was $(0.22) per pound of copper, an improvement of 148% compared to 2024 [28] - Sustaining cash cost for 2025 was $1.30 per pound of copper, down from $1.62 in 2024, reflecting strong cost control [29][30] Operational Highlights - Peru operations produced 85,155 tonnes of copper and 74,480 ounces of gold in 2025, with gold production exceeding guidance [4][22][45] - Manitoba operations faced production challenges due to wildfires and power outages but still achieved guidance for copper and silver production [23][24] - British Columbia operations produced 23,784 tonnes of copper, with cash costs of $3.06 per pound, within the annual cost guidance range [5][10] Strategic Initiatives - The company plans to sanction the Copper World project in 2026, supported by a $600 million joint venture with Mitsubishi Corporation [3][11] - Hudbay introduced a new quarterly dividend of C$0.01 per share, marking a 100% increase compared to the previous semi-annual dividend [11][12] - Ongoing optimization efforts at Copper Mountain and plans for a pre-feasibility study for the Mason copper project in Nevada are underway [11][12][49]

All figures are in United States dollars unless otherwise stated. This news release contains forward-looking information that is subject to risk factors and assumptions as set out in the “Cautionary Note Regarding Forward-Looking Information” below.  TORONTO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announces its 2025 year-end estimates for mineral reserves and mineral resources. Proven and probable gold mineral reserves increased 58% year-ove ...

(In United States dollars, except where noted otherwise) TORONTO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) today announces the filing of a Technical Report (the “Report”) for its Taca Taca project (the “Project”). The Report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") with an effective date of December 31, 2025. Taca Taca is a porphyry copper-gold-molybdenum deposit l ...

This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary Statement on Forward-Looking Information” below. All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the “Non-GAAP and Other Financial Measures” disclosure at the end of this news release for a description of these measure ...