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i-80 Gold Secures Financing Package of up to $500 Million to Advance Development Plan
Prnewswire· 2026-02-12 12:17
Core Viewpoint - i-80 Gold Corp has secured a financing package of up to $500 million to support its development plan, marking a significant step in its recapitalization efforts aimed at becoming a mid-tier gold producer in Nevada [1][2]. Financing Package Details - The financing package consists of a $250 million royalty sale and a gold pre-payment facility for up to $250 million, contributing to over $800 million in total funding for the company's objectives [1][2]. - The recapitalization plan targets an overall amount of $900 million to $1 billion, which includes retiring existing convertible debentures and potentially selling a non-core asset [1][2]. Production Goals - The financing will enable the company to increase annual gold production to approximately 300,000 – 400,000 ounces from less than 50,000 ounces currently, driven by its three underground mines and one oxide open pit operation in Nevada [1][2]. - The three-phase development plan aims to boost production to over 600,000 ounces annually starting in 2032, with the Mineral Point project being a key component of this growth [2][3]. Debt Management - Proceeds from the financing package will be used to extinguish approximately $175 million in existing debt obligations, including settling a Gold Prepay Agreement and retiring convertible debentures [1][3]. - The company plans to replace existing convertible debentures with new ones on more favorable terms [1][2]. Project Development - The financing will support the advancement of five gold projects, refurbish the Lone Tree Plant, and fund resource expansion and infill drilling [1][2]. - The Gold Prepayment facility includes an initial advance of $150 million, with an accordion feature for an additional $100 million, requiring the delivery of 39,978 ounces of gold over a 30-month period starting January 2028 [2][3]. Strategic Partnerships - Franco-Nevada Corporation has committed to providing $250 million in royalty financing, with $225 million expected to be available at closing [1][2]. - National Bank of Canada and Macquarie Bank Limited are involved in the gold pre-payment facility, highlighting the credibility of the company's execution plan [2][3].
Seabridge Gold Announces Key Management Changes
TMX Newsfile· 2026-02-12 12:00
Company Leadership Changes - Seabridge Gold announced the retirement of Chief Financial Officer Chris Reynolds effective March 31, 2026, after 15 years of service [1][2] - Chris Reynolds played a significant role in the company's financial reporting, team building, cybersecurity, risk management, and securing funding for key projects [2] - Greg Martin has been appointed as the new Chief Financial Officer, effective March 31, 2026, bringing extensive experience in corporate finance and mining industry acquisitions [3][4] Transition and Promotions - Greg Martin will join Seabridge on March 2, 2026, to ensure a smooth transition with Chris Reynolds [3] - Hassan Esmaeili has been promoted to Vice President, Finance, bringing over 20 years of experience in financial reporting and auditing [4] Company Overview - Seabridge Gold holds a 100% interest in several North American gold projects, with its principal asset being the KSM project located in Northwest British Columbia [5]
Xali Gold Positions Pico Machay Gold Project to Reactivate Development Plans Amid Strong Gold Market
Globenewswire· 2026-02-12 12:00
Core Viewpoint - Xali Gold Corp. is advancing the Pico Machay Gold Project in Peru, which presents both immediate value and long-term potential due to its historical resource estimates and favorable mining conditions [2][5]. Company Activities - The company aims to develop Pico Machay as soon as possible, focusing on updating the historical resource estimate and optimizing previous engineering studies, particularly the low-cost open-pit heap-leach concept [3][6]. - Community engagement has begun, with constructive meetings held in the Community of Santa Ana, reflecting a commitment to transparency and sustainable development [3][4]. Project Details - Pico Machay is located in a historically productive mining district and benefits from existing infrastructure and community support [4]. - The project has a Historical Measured and Indicated Resource of 264,600 ounces of gold and an additional Historical Inferred Resource of 446,000 ounces of gold, based on drilling data from 2009 [5][6]. Ongoing and Planned Activities - Current activities include relogging 20,000 meters of historical drilling, reconstructing the geological model, and preparing for detailed geological mapping and sampling [7]. - Planned activities for 2026 involve acquiring necessary permits, advancing a Preliminary Economic Assessment, and ongoing discussions for a long-term Land Access Agreement with the local community [7]. Technical Information - Historical resource estimates are based on prior data and reports, and further work is required to classify these estimates as current resources [9][8].
Ontario Issues First-Ever Recovery of Minerals Permit to STLLR Gold's Hollinger Tailings Project
TMX Newsfile· 2026-02-12 12:00
Core Insights - STLLR Gold Inc. has received the first permit under Ontario's new Recovery of Minerals regime for the Hollinger Tailings Project, marking a significant milestone in the company's efforts to advance and remediate the site [1][2]. Company Overview - STLLR Gold Inc. is a Canadian gold development company focused on advancing high-potential gold projects, including the Hollinger Tailings Project and the Tower Gold Project in Ontario, as well as the Colomac Gold Project in Northwest Territories [4]. Regulatory Framework - The Recovery of Minerals regime, enacted in July 2025, aims to streamline the permitting process for responsible mineral recovery and environmental remediation of historical mine sites in Ontario [2]. - The authorization from the Ontario Ministry of Energy and Mines allows STLLR to conduct additional technical work, moving closer to reprocessing and remediating the legacy site [2]. Economic Impact - The project is expected to create jobs and strengthen the economy in Timmins and Northern Ontario, with government officials emphasizing the importance of responsible resource development [3]. - The Hollinger Tailings Project is viewed as a "triple win," offering potential for substantial near-term cash flows, environmental remediation, and long-term economic benefits for local communities [3][4]. Project Potential - The Hollinger project is characterized by low upfront capital requirements, an accelerated permitting pathway, and a low-cost profile, positioning it for quick advancement to cash flow generation in a favorable gold price environment [3][4]. - The company is actively engaging with local mill owners and regional stakeholders to further advance the project [4].
BeMetals Surface Sampling Returns High-Grade Gold Results at Savant Gold Project
Accessnewswire· 2026-02-12 12:00
VANCOUVER, BC / ACCESS Newswire / February 12, 2026 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) (the "Company" or "BeMetals") is pleased to announce high-grade surface sampling results from geological reconnaissance field work, undertaken in October 2025 at its district-scale, Savant Gold Exploration Project ("Savant Project") located in northwestern Ontario (See Figure 1). The Company also provides an outline of exploration activities for 2026. ...
Aben Gold Appoints Mike Burke to Advisory Board
Globenewswire· 2026-02-12 12:00
Core Insights - Aben Gold Corp. has appointed Mike Burke to its Advisory Board, bringing over 35 years of mining industry experience, particularly in gold exploration and development in the Yukon Territory [1][2][3] Company Developments - Mike Burke has held significant leadership roles, including Director and Vice President of Corporate Development at Sitka Gold Corp, and has served as President of the Yukon Chamber of Mines [2] - Burke's extensive background includes over 20 years as Head of the Mineral Services Division within the Yukon Geological Survey and over 6 years as Chief Geologist for Golden Predator [2][3] - Aben Gold's flagship project, the 7,400-hectare Justin Gold Project, is located in the Tintina Gold Belt in southeast Yukon, adjacent to Seabridge Gold's 3 Aces Project [5] Strategic Goals - The company aims to enhance shareholder value through new discoveries and the development of exploration projects in geopolitically favorable jurisdictions [5] - Aben Gold has granted 1,200,000 incentive stock options to officers, directors, and consultants, exercisable at $0.30 per share for five years [4]
Radisson Highlights Developing Vein Model at O'Brien Gold Project with Implications for Future Growth and Mine Planning
TMX Newsfile· 2026-02-12 11:30
Core Insights - Radisson Mining Resources Inc. is advancing its geological modeling at the O'Brien Gold Project, revealing significant new vein-hosted mineralization beneath the historic mine, supported by a fully funded 140,000-meter step-out drill program [1][2][5]. Geological Overview - The gold mineralization at O'Brien is primarily found within quartz-sulphide veins in mafic volcanic rocks and conglomerates, associated with alteration envelopes [3]. - Individual veins are typically narrow, ranging from several centimeters to several meters in thickness, and exhibit lateral continuity with steeply plunging grade shoots [4]. Drilling Program - The ongoing 140,000-meter step-out drill program aims to assess the overall scope of mineralization to a depth of 2 kilometers, focusing on the quantity and distribution of mineral resources [5][6]. - As of late 2024, 15 drill wedges have been completed from pilot hole OB-24-337, delineating at least eight parallel veins over an area of 250 meters by 700 meters [1][10]. Success Rate and Future Plans - The project has achieved an 84% success rate in intercepting gold mineralization, with grades and thicknesses consistent with the existing mineral resources [2][7]. - The company plans to provide regular updates on the mineral resource estimate, with the first update expected by the end of Q1 2026 [2][20]. Historical Context - The historic O'Brien mine produced over 500,000 ounces of gold at an average grade exceeding 15 grams per tonne, indicating the potential for significant mineral resource growth [4][12]. - The previous mining operations focused on high-grade areas, leaving substantial quantities of mineralized material unmined, which the current drilling aims to explore [13]. Technical Aspects - The geological model is dynamic, utilizing wireframed domains updated as drilling progresses, with a cut-off grade of approximately 1.0 g/t Au [12]. - The model indicates that the mineralization is open in all directions, with significant continuity observed in high-grade shoots from historical data [16][19]. Next Steps - Drilling continues with seven active rigs, and an eighth rig is expected to be mobilized soon, with results to be reported regularly as the program progresses [20]. - The company is committed to updating the mineral resource estimate incrementally throughout the drilling program [20].
Formation Metals Drills 1.75 g/t Au over 30.4 Metres Including 3.51 g/t Au over 10.5 Metres at the Advanced N2 Gold Project
Accessnewswire· 2026-02-12 08:01
Core Insights - The article highlights significant gold assay results from drill hole N2-25-005, indicating a gold grade of 0.91 grams per tonne (g/t) over a length of 42.3 meters starting at a depth of 14.0 meters downhole [1] - Notable intervals within this drill hole include higher grades of 2.04 g/t over 8.1 meters and 1.31 g/t over 11.4 meters, suggesting potential for further exploration and resource estimation [1]
Robex Achieves Commercial Production at the Kiniero Gold Project
Globenewswire· 2026-02-12 05:04
Core Viewpoint - Robex Resources Inc. has achieved commercial production at its Kiniero Gold Project in Guinea, marking a significant milestone for the company following the first shipment of gold on February 11, 2026 [1][2][6]. Production Achievement - The first shipment consisted of approximately 197 kilograms of gold, equivalent to 6,336 troy ounces, confirming the date of first commercial production under the Guinea Mining Code [2][3]. - All commercial production requirements under the senior secured financing arrangements with Sprott have been satisfied [4]. Operational Performance - As of the end of January 2026, Kiniero processed approximately 393,000 dry metric tonnes of ore with an average head grade of approximately 1.0 g/t Au [5]. - Metallurgical gold recovery averaged approximately 88%, with mill availability exceeding 92% [5]. - Total gold recovered was approximately 10,900 troy ounces, with about 5,550 troy ounces poured, indicating a normal buildup of gold inventory during commissioning [5]. CEO Commentary - The CEO of Robex highlighted that the first commercial gold shipment reflects the successful ramp-up of operations at Kiniero and the strong performance of both the processing plant and the operating team [6]. Strategic Development - With Kiniero now in commercial operation and generating cash flow, the asset is positioned to support the development of the Bankan project as part of a transformative merger with Predictive Discovery [7].
Osisko Development Provides Infill Drilling Update on Its 13,000-Meter Lowhee Program at Cariboo Gold Project; Intercepts Include 596.40 g/t Gold Over 2.0 Meters from 6.1 Meters Downhole, Including 2,293.56 g/t Gold Over 0.5 Meters from 6.6 Meters Downhole
Globenewswire· 2026-02-12 00:03
Core Insights - Osisko Development Corp. has announced new infill drilling results from its ongoing 13,000-meter program at the Cariboo Gold Project, with a total of approximately 11,025 meters completed, representing about 80% of the planned drilling [2][4]. Drilling Program Details - The infill drilling program commenced in August 2025 and involves 10-meter drill spacing in the Lowhee Zone of the Cariboo Gold Project [2][3]. - A total of approximately 12.1 kilometers (km), or about 88% of the planned drill meters, has been completed to date, with full assay results pending for the remaining holes [3][4]. Assay Highlights - The latest results include significant gold intercepts such as: - 596.40 grams per tonne (g/t) Au over 2.0 meters from 6.1 meters downhole, including 2,293.56 g/t Au over 0.5 meters [4][5]. - 21.67 g/t Au over 3.5 meters from 96.5 meters downhole, including 135.44 g/t Au over 0.5 meters [5][6]. - 21.97 g/t Au over 2.5 meters from 48.7 meters downhole, including 88.08 g/t Au over 0.5 meters [5][6]. Implications of Results - The results are expected to enhance the understanding of spatial controls and local variability within the Lowhee Zone, which may lead to refinements in the infill drill requirements and production designs [3][9]. - Observations of above cut-off assays in previously unmodeled areas suggest potential for additional mineralization, which will be incorporated into the updated local block model [9][10]. Future Outlook - Infill drilling activities are anticipated to conclude in early Q2 2026, following a temporary suspension due to an incident reported on January 23, 2026 [3][4].