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Dakota Gold Intersects 5 g/t Gold over 24.9 Meters at Richmond Hill and Provides Silver Assay Update
TMX Newsfile· 2026-02-05 11:30
Core Insights - Dakota Gold Corp. has reported additional drill results from the Richmond Hill Oxide Heap Leach Gold Project, highlighting a significant resource of 3.65 million ounces of measured and indicated gold and 2.61 million ounces of inferred gold, along with 38.1 million ounces of measured and indicated silver and 22.8 million ounces of inferred silver [1][3][9] Drill Campaign Updates - The 2025 drill campaign included 242 drill holes, with assays from 37 holes still pending. The 2026 drill campaign has commenced, involving 15,481 meters of drilling across 109 holes, expected to be completed by Q3 2026 [3][6] - Notable drill results include hole RH25C-310, which intersected 5.00 grams per tonne gold and 28.64 grams per tonne silver over 24.9 meters, and hole RH25C-348, which intersected 2.46 grams per tonne gold and 19.16 grams per tonne silver over 32.7 meters [6][10] Silver's Strategic Importance - Silver has been designated as a Critical Mineral in the U.S., emphasizing its growing importance to the economy and national security. The Richmond Hill project is positioned to support domestic silver supply amid rising industrial demand [8][9] - The company anticipates significant silver production, with projections of 8.7 million ounces over a 17-year mine plan and 12.9 million ounces over a 28-year mine plan [9] Future Plans - A Pre-Feasibility Study incorporating the latest gold and silver assay results is scheduled for publication in the second half of 2026, which will enable the company to report reserves and further de-risk the project as it moves towards expected production in 2029 [3][9][13]
Hycroft Mining (HYMC) Soars 19.5% as Gold, Silver Regain Strength
Yahoo Finance· 2026-02-04 14:51
Company Overview - Hycroft Mining Holding Corp. (NASDAQ:HYMC) is a US-based mining firm focused on developing one of the world's largest gold and silver deposits located in Nevada [2]. Recent Performance - On a recent trading day, Hycroft Mining's stock surged by 19.48% to close at $42.07 per share, driven by renewed strength in silver and gold prices, as well as investor bargain-hunting after four consecutive days of decline [1][6]. Market Conditions - As of the latest data, spot prices for silver increased by 2.25%, while gold rose by 1.84%, indicating a rebound in precious metals following a decline the previous week [2]. Exploration and Resources - Hycroft Mining announced the discovery of the highest grades of silver in the Vortex Silver System at its Nevada site, with drilling results showing continuity of resources across various depths and directions [3].
Why Hycroft Mining Stock Soared 57% Last Month
Yahoo Finance· 2026-02-04 14:47
Core Viewpoint - Hycroft Mining's stock experienced significant volatility, rising 57% in January due to increased metals prices, but subsequently fell 23% in early February as gold and silver prices dropped [1][2]. Group 1: Stock Performance - In January, Hycroft Mining's stock surged 57%, attributed to a resurgence in gold and silver prices, which have increased approximately 100% over the past year [1][2]. - The stock has risen over 1,000% in the last twelve months based on expectations of operational leverage once mining begins [2]. Group 2: Company Operations - Hycroft Mining currently does not engage in actual mining operations and plans to start production in a few years, which limits its ability to capitalize on current metal price surges [4]. - The company has announced a significant silver concentration at one of its locations, which could enhance profitability once operations commence [3]. Group 3: Market Conditions - The mining industry is characterized by boom-and-bust cycles, with gold and silver prices being highly volatile and sensitive to economic sentiment [5]. - The market capitalization of Hycroft Mining is $3.4 billion, but it has no revenue and faces substantial start-up costs, making it a risky investment [6].
Providence Gold Mines Inc. Increases Financing
Thenewswire· 2026-02-04 14:30
Core Viewpoint - Providence Gold Mines Inc. is increasing its Private Placement from $150,000 to $180,000, with each unit consisting of one common share and one full non-transferable warrant repriced to $0.065 from $0.05, aimed at funding administration and mineral evaluation for the La Dama De Oro property [1][2]. Group 1: Private Placement Details - The Private Placement will now raise up to $180,000, with each unit comprising one common share and one full non-transferable warrant [1]. - The warrants are exercisable for two years from the date of issue, with finder’s fees potentially paid at 7% cash and 7% finder's warrants exercisable at $0.065 for one year [1]. Group 2: Use of Proceeds - Proceeds from the Private Placement will be allocated for administration and continued sampling of both underground and surface workings to assess the mineralization potential ahead of a planned 1000-ton bulk sample [2]. Group 3: Property Overview - The La Dama de Oro property is a historical high-grade gold producer with all necessary permits for water, road, environmental, and bulk sampling operations [4]. - The property has not undergone modern scientific exploration, resulting in no developed or identified NI 43-101 compliant resources [4]. Group 4: Geological Context - The property is located in the Silver Mountain Mining District, characterized by complex geology including Mesozoic quartz monzonite and Jurassic Sidewinder Volcanics, with mineralization hosted by the La Dama de Oro Fault [5]. - The mineralization is classified as a low-sulfidation epithermal gold-silver vein system, with the largest known vein measuring 4.5 feet at its widest point and extending over 6,000 feet [6].
Small Cap Watch: Terrain, Terra, Carnavale, Krakatoa, Kairos and more...
Yahoo Finance· 2026-02-03 22:57
Company Updates - Terrain Minerals Ltd has commenced diamond drilling at its 100%-owned Smokebush Gold & Silver Project, aiming to define a maiden JORC Mineral Resource targeted for mid-2026, with an initial program of four diamond holes and further RC drilling planned at the Wildflower prospect [2] - Carnavale Resources Ltd has entered a more advanced development phase by starting a Bankable Feasibility Study drilling at the Kookynie Gold Project, engaging Terra Drilling for detailed metallurgical diamond drilling and planning to mobilize two additional RC rigs for infill resource drilling [3] - Nova Minerals Ltd is undergoing a significant reorganisation due to the loss of its Foreign Private Issuer status, planning to redomicile to the U.S., acquire the remaining 15% interest in the Estelle Gold and Critical Minerals Project, and search for a U.S.-based CFO [4] - Kairos Minerals Ltd reported maiden drill results from the Main Hill Extension target at its 1.4Moz Mt York Gold Project, with results from 35 of 46 completed drill holes expected to enhance the existing resource [5] Market Overview - The S&P/ASX Small Ordinaries index closed higher by 15.40 points or 0.41% to 3,809.10, despite being under pressure over the past week with a decline of almost 5% [1]
Nasdaq Slips, Gold and Silver Stage Substantial Recovery
Yahoo Finance· 2026-02-03 14:59
Market Overview - The markets are currently focused on earnings reports, economic news, and the potential passage of a spending bill to end the partial government shutdown [1][2] - The partial US government shutdown has negatively impacted investor sentiment, with delays in key economic reports such as the JOLTS job openings and nonfarm payrolls [2] Economic Indicators - The January ADP employment change is expected to increase by 45,000, while the ISM services index is projected to fall by 0.3 to 53.5 [1] - Initial weekly unemployment claims are anticipated to rise by 3,000 to 212,000 [1] - The University of Michigan's January consumer sentiment index is expected to decline by 1.5 to 54.9 [1] Earnings Reports - The Q4 earnings season is underway, with 150 S&P 500 companies set to report this week [8] - 78% of the 167 S&P 500 companies that have reported so far have exceeded earnings expectations [8] - S&P earnings growth is projected to rise by 8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth [8] - Excluding the Magnificent Seven tech stocks, Q4 earnings are expected to increase by 4.6% [8] Stock Movements - PayPal Holdings has seen a significant decline of 18% after reporting Q4 net revenue of $8.68 billion, which was below expectations [18] - Palantir Technologies' stock rose over 5% after forecasting 2026 revenue significantly above consensus [6][15] - Teradyne Inc reported Q4 net revenue of $1.08 billion, exceeding expectations, and its stock increased by more than 7% [16] - DaVita's stock surged over 22% after reporting Q4 total revenue of $3.62 billion, surpassing the consensus of $3.51 billion [14][15] Sector Performance - Mining stocks are experiencing gains, with gold prices up more than 6% and silver prices soaring over 13% [5][14] - Chip makers and AI infrastructure stocks are also rising, with Western Digital up more than 6% and Seagate Technology up more than 5% [13] Interest Rates and Bonds - The 10-year T-note yield has climbed to a 1.5-week high of 4.3% [4][10] - The markets are currently discounting a 9% chance of a 25 basis point rate cut at the next policy meeting [9]
Rush Gold Announces U.S. OTCQB Listing and DTC Eligibility
Thenewswire· 2026-02-03 08:10
 VANCOUVER, BC - TheNewswire - January 3, 2026 – Rush Gold Corp. (the “Company” or “Rush”) (CSE: RGN; FSE: B6H; OTCQB: RGNCF) is pleased to announce that its common shares have commenced trading on the OTCQB® Venture Market in the United States under the symbol “RGNCF”. Rush’s common shares will continue to trade on the Canadian Securities Exchange under the symbol “RGN”. The Company has also secured eligibility for its common shares to settle electronically via the Depository Trust Company (“DTC”), enabli ...
2026 Tunkillia Development Drilling Programs Begin
Accessnewswire· 2026-02-02 22:55
Core Insights - Barton Gold Holdings Limited is advancing its Tunkillia Gold Project with a compelling development plan outlined in the Optimised Scoping Study (OSS) [1] - The project is expected to produce approximately 120,000 ounces of gold and 250,000 ounces of silver annually, with a total operating cash flow of around A$2.7 billion over its life of mine (LoM) [1] - The Net Present Value (NPV) at a 7.5% discount rate is estimated at A$1.4 billion, with an Internal Rate of Return (IRR) of approximately 73.2% and a payback period of about 0.8 years [1] Project Development - Barton is expediting the Tunkillia project towards a Mining Lease (ML) application, with current gold and silver prices exceeding A$1,500/oz and A$50/oz respectively, which are higher than the prices used in OSS revenue estimates [1] - A water drilling program of approximately 900 meters has commenced to identify potential new water sources near the OSS open pits [1] - A second phase of reverse circulation (RC) resource upgrade drilling, totaling around 28,000 meters, is set to begin in March 2026, alongside approximately 3,000 meters of resource, geotechnical, and metallurgical diamond drilling [1] Future Plans - The company aims to target JORC (2012) Ore Reserves, complete a pre-feasibility study (PFS), and submit the ML application by the end of 2026 [1]
Mithril Silver And Gold December 2025 Quarterly Report Continued Exploration Success
Thenewswire· 2026-01-30 12:30
Core Viewpoint - Mithril Silver and Gold Limited has reported significant exploration progress in the December 2025 quarter, particularly at its Copalquin and La Dura properties in Mexico, highlighting the potential for substantial resource growth in gold and silver. Exploration Highlights - The Copalquin Gold-Silver Project is confirmed as a large, vertically extensive epithermal gold-silver system with mineralization defined over a 9 km strike length and 1,200 m vertical extent [2] - Target 1 (Refugio-La Soledad) has shown a 30% extension in strike length with notable intercepts including 2.05 m at 7.41 g/t gold and 419 g/t silver [3] - Target 5 (Apomal-Candelaria) has emerged as a new silver-rich target area with first drilling results showing 1.00 m at 1,714 g/t AgEq [3][5] Drilling and Resource Development - Ongoing drilling at Target 1 is expanding the resource area, with a 3,000 metre drill program planned for Q2 to update the maiden resource [4] - The maiden drilling at Target 3 (El Jabali-Guadelupe) commenced in January 2026, further strengthening the geological model of the district [6][10] - The La Dura property acquisition adds 2,052 hectares of contiguous mining concessions, enhancing the company's exploration portfolio [6][7] Financial Overview - The company reported a cash balance of A$14.1 million at the end of December 2025 and remains debt-free [11][20] - Exploration expenditure for the quarter was A$3.88 million, focused entirely on the Copalquin District [17] Future Plans - Mithril plans to complete resource expansion and infill drilling at Target 1, advance drilling programs at Target 5, and commence maiden drilling at Target 3 during the March 2026 quarter [18][24] - An aerial magnetic survey is underway to confirm key geological structures across the Copalquin District [10][12]
CDE vs. HL: Which Gold Miner Offers Better Value Today?
ZACKS· 2026-01-29 13:40
Core Insights - Coeur Mining, Inc. (CDE) and Hecla Mining Company (HL) are positioned favorably as gold and silver markets show strong momentum, attracting investor interest into early 2026 [1][2] Coeur Mining (CDE) - CDE has demonstrated strong operational performance with record quarterly production and financial results, reporting $555 million in revenue and producing 111,364 ounces of gold and 4.8 million ounces of silver in Q3 2025 [3][10] - The acquisition of the Las Chispas mine has been a key growth driver, contributing 1.6 million ounces of silver and approximately 16.5 thousand ounces of gold in Q3 2025 [4] - CDE's flagship assets, including Rochester and Palmarejo, are expected to deliver a total production of 392,500–438,000 ounces of gold and 17.1–19.2 million ounces of silver for 2025 [5] - As of September 2025, CDE's cash and cash equivalents were approximately $266 million, with a debt to capital ratio of 10.5% and free cash flow of about $189 million in Q3 [6][10] Hecla Mining (HL) - HL reported record revenues of $409.5 million in Q3 2025, a 67% increase year-over-year, alongside strong production metrics [7][10] - The company produced about 4.6 million ounces of silver, with silver contributing nearly 48% of mine-site revenues and gold about 37% [8] - HL achieved a realized silver price of approximately $42.58 per ounce and a realized gold price of about $3,509 per ounce in Q3 2025, benefiting from strong pricing [9] - By the end of September 2025, HL's cash and cash equivalents were around $134 million, with a debt to capital ratio of 9.9% and free cash flow of about $91 million [13][10] Comparative Performance - CDE's stock has increased by 308.8% over the past year, while HL's stock has risen by 398.9% [14] - CDE is trading at a forward 12-month sales multiple of 6.14X, compared to HL's 12.58X [15] - The Zacks Consensus Estimate for CDE's fiscal 2025 sales implies a year-over-year growth of 96%, while HL's estimates suggest a 42.1% rise [19][21] Investment Outlook - CDE is viewed as a more compelling investment due to its strong Q3 performance, higher cash reserves, and lower valuation compared to HL [24][25] - CDE's combination of production scale and margin efficiency positions it as the preferred stock, while HL remains an attractive buy for diversified precious-metal exposure [25]