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Asia Broadband Announces Silver-Backed Token Pre-Registration Now Open and Launch of New GoldAxis Wallet
Globenewswire· 2026-02-19 13:00
LAS VEGAS, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that pre-registration is officially open for the Company’s newly minted AABBS silver-backed digital token. Additionally, AABB’s new next-generation non-custodial GoldAxis Wallet is now available for immediate download, marking a major acceleration in the Company’s vertically integrated precious metals and digital asset strategy. The Company recently completed the minting of over 1.4 ...
Thesis Gold Announces Strategic Investment by AngloGold Ashanti and Participation by Centerra Gold for C$44M
Prnewswire· 2026-02-19 12:19
Core Viewpoint - Thesis Gold Inc. has announced a strategic investment from AngloGold Ashanti, which will acquire 5% of the company's common shares for C$38.67 million, validating the potential of the Lawyers-Ranch Project [1] Group 1: Investment Details - AngloGold Ashanti will purchase 13,858,883 common shares at a price of C$2.79 per share, representing the volume weighted average price on February 18, 2026 [1] - Centerra Gold Inc. will also participate in the private placement, acquiring 2,059,730 common shares at the same price, resulting in a 9.9% ownership stake in the company [1] - The total gross proceeds from both subscriptions will amount to approximately C$44.41 million [1] Group 2: Use of Proceeds - Proceeds from the subscriptions will be allocated for working capital and general corporate purposes, including ongoing technical studies at the Lawyers-Ranch gold-silver Project [1] Group 3: Project Overview - The Lawyers-Ranch Project has demonstrated strong project economics, with a 54.4% after-tax internal rate of return (IRR) and an after-tax net present value (NPV) of C$2.37 billion at gold and silver prices of US$2,900/oz and US$35/oz, respectively [1] - The company is advancing the Environmental Assessment Process and plans to initiate a Feasibility Study in 2026 to further de-risk the project [1]
Discovery Reports Strong Earnings Growth and Cash Generation in Q4 2025
Globenewswire· 2026-02-19 12:00
Cash of $410.7 million at December 31, 2025 75% INCREASE IN ADJUSTED EPS Net earnings $65.3M or $0.08/share, with adjusted net earnings1 of $113.5M or $0.14/share versus $61.1M or $0.08/share in Q3 2025 6% GROWTH IN GOLD PRODUCTION 66,718 oz produced versus 63,154 oz in Q3 2025 12% IMPROVEMENT IN OPERATING CASH COSTS Operating cash costs1 of $1,185/oz sold compared to $1,339/oz in Q3 2025 AISC REFLECTS HIGHER SUSTAINING CAPITAL1 AISC/oz1,2 averaged $2,034; Site-level AISC/oz3 averaged $1,824 INVESTING TO ...
First Majestic Reports Q4 2025 and Full Year 2025 Financial Results; Announces Quarterly Dividend Payment
TMX Newsfile· 2026-02-19 12:00
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the Company's audited consolidated financial results for the fourth quarter and year end ended December 31, 2025. The full version of the annual financial statements and the accompanying management's discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and ...
Hycroft (HYMC) Jumps 21% as Nevada Mine Site Shows More Gold, Silver
Yahoo Finance· 2026-02-19 11:08
Core Insights - Hycroft Mining Holding Corp. (NASDAQ:HYMC) experienced a significant stock price increase of 21.07% to $40.68, driven by the announcement of a substantial increase in gold and silver resources at its Nevada mine site [1][4]. Group 1: Resource Increase - The measured and indicated gold resources at the Hycroft Mine rose by 55% this year, reaching 16.41 million ounces, up from 10.58 million ounces in 2023 [2]. - Measured and indicated silver resources increased by 56%, totaling 562.57 million ounces, compared to 360.66 million ounces in the same period [2]. Group 2: Mining Developments - The company established a high-grade mineral resource with underground potential after approximately 14 months of drilling, confirming the continuity of the Brimstone and Vortex high-grade silver systems [3]. Group 3: Market Conditions - The rise in Hycroft's stock was further supported by an increase in precious metal prices, with gold prices up by 2.18% to $4,984 per ounce and silver prices up by 4.97% to $77.18 per ounce [4].
Fortuna expands Indicated Mineral Resource by 73% to 1.25 million gold ounces, Diamba Sud Project, Senegal
Globenewswire· 2026-02-19 10:00
Core Viewpoint - Fortuna Mining Corp. has announced a significant increase in the Mineral Resource estimate for the Diamba Sud Gold Project, with indicated resources now totaling 1.25 million ounces of gold, reflecting a 73% increase from the previous estimate, which positions the project favorably for future development and investment decisions [1][2]. Mineral Resource Summary - The updated Mineral Resource estimate includes 26.0 million tonnes of indicated resources averaging 1.50 g/t Au, containing 1,254,000 ounces of gold, and 2.1 million tonnes of inferred resources averaging 1.13 g/t Au, containing 77,000 ounces of gold [7][5]. - The Southern Arc deposit has been identified as the largest gold deposit at Diamba Sud, with a first-time estimation of 6.0 million tonnes averaging 1.91 g/t Au, containing 367,000 ounces of gold [5][4]. Project Development and Feasibility - The updated resource estimate is expected to support a feasibility study targeted for completion by mid-2026, which will advance the project towards a final investment decision [2][9]. - Ongoing exploration drilling continues to intersect mineralization beyond current resource envelopes, indicating further growth potential for the project [5][8]. Technical Advancements - Infill drilling has successfully upgraded inferred resources to indicated resources at several deposits, including Area D, Southern Arc, Moungoundi, and Karakara, enhancing overall resource confidence [11][5]. - The updated estimate incorporates drilling data from July 2025 to January 2026, which has improved geological interpretation and resource modeling [8][11]. Strategic Goals - The Diamba Sud project, along with the expansion of the Séguéla Mine, is central to Fortuna's strategy to grow into a company capable of producing over 500,000 ounces of gold annually from long-life assets [2][1].
Fortuna Reports Results for the Fourth Quarter and Full Year 2025
Globenewswire· 2026-02-19 03:43
Core Insights - Fortuna Mining Corp. reported record free cash flow of $132.3 million for Q4 2025 and $330.0 million for the full year, achieving its operational plan and production guidance [1][8] - The company streamlined its portfolio by divesting non-core assets and is positioned for growth at Diamba Sud and the Séguéla plant expansion, supported by a strong balance sheet with $704 million in liquidity and $381 million in net cash [2][8] Financial Performance - The company achieved sales of $270.2 million in Q4 2025, a 40% increase from $195.2 million in Q4 2024, and $947.1 million for the full year, up from $677.2 million [11][60] - Attributable net income from continuing operations was $68.1 million or $0.22 per share for Q4 2025, compared to $14.7 million or $0.05 per share in Q4 2024, reflecting a 219% increase [11][26] - Adjusted attributable net income for Q4 2025 was $71.3 million or $0.23 per share, up from $19.4 million or $0.06 per share in Q4 2024, driven by higher realized gold prices [11][27] Operational Highlights - Gold equivalent production was 65,130 ounces in Q4 2025, with total production for the year reaching 317,001 GEOs, meeting annual guidance [9][11] - Consolidated cash cost per GEO was $971 for Q4 2025, a 9% increase from $918 in Q4 2024, while all-in sustaining costs (AISC) rose to $2,054 per GEO, an 18% increase from $1,842 in Q4 2024 [11][24][25] - The total recordable injury frequency rate for the year was 0.74, indicating strong safety performance with zero lost time injuries in Q4 [9] Growth and Development - The company expanded mineral reserves at the Séguéla mine by 31%, extending the mine life to over 9 years, and commissioned a feasibility study to increase plant throughput by 15 to 40% [12] - Approximately $67 million has been allocated to advance early works at the Diamba Sud Gold Project, with a construction decision targeted for mid-2026 [12] Cash Flow and Capital Expenditures - Net cash provided by operating activities for Q4 2025 was $162.3 million, up from $99.2 million in Q4 2024, driven by higher sales and favorable changes in working capital [22][30] - Free cash flow from ongoing operations in Q4 2025 was $132.3 million, a significant increase from $51.1 million in Q4 2024, reflecting higher cash from operating activities and reduced sustaining capital expenditures [23][30]
Kingman Receives ADWR Approval and Mobilizes Altar For Phase III Drilling at Mohave
TMX Newsfile· 2026-02-19 02:05
Core Viewpoint - Kingman Minerals Ltd. has received approval from the Arizona Department of Water Resources for drilling seven exploration holes at its Mohave Project, marking a significant step in its Phase III exploration efforts [1][2]. Company Overview - Kingman Minerals Ltd. is a publicly traded exploration and development company focused on precious metals in North America, with its flagship project being the fully owned historic Rosebud Mine located in Mohave County, Arizona [4]. Project Details - The drilling is set to commence on or about February 25, 2026, and aims to test the continuity of the Southwick gold-silver vein corridor beyond the Rosebud Mine, supported by a recently completed 3D Magnetic Vector Inversion model [2]. - Additional model-defined targets will be mapped and sampled through parallel field work as part of the exploration strategy [2].
Torex Gold Reports Q4 and Full-Year 2025 Results
TMX Newsfile· 2026-02-18 23:00
Core Insights - Torex Gold Resources Inc. reported a transformational year in 2025, achieving significant milestones including the completion of the Media Luna Project and returning to strong free cash flow [2][4]. Financial Performance - The company achieved record annual revenue of $1.3 billion and record annual adjusted EBITDA of $730 million [4][6]. - Annual payable production reached 376,364 gold equivalent ounces, slightly below the guidance of 400,000 to 450,000 ounces [6]. - The average realized gold price for the year was $3,612 per ounce, contributing to a record all-in sustaining costs margin of 51% [4][6]. Operational Highlights - In Q4 2025, payable production was 114,844 gold equivalent ounces, with expectations to maintain production levels through 2026 [3][17]. - The Media Luna Project is on track to achieve steady-state production of 7,500 tonnes per day by mid-2026 [3][5]. - The company maintained a lost-time injury frequency of 0.07 per million hours worked, marking one of its safest years [6][19]. Capital Management - Torex executed an inaugural return of capital program, including a quarterly dividend of C$0.15 per share and repurchased over 825,000 shares during the year [9][11]. - The company ended the year with $426.3 million in available liquidity, including $119.5 million in cash [6][19]. Growth Strategy - Torex expanded its portfolio through acquisitions of Prime Mining and Reyna Silver, enhancing its growth potential in Northern Mexico and Nevada [2][6]. - The company plans to invest a record $77 million in exploration and drilling in 2026, focusing on near-mine opportunities [6][10]. CEO Transition - Jody Kuzenko will retire as President and CEO on June 17, 2026, with Andrew Snowden set to assume the role [7].
OR Royalties Declares First Quarter 2026 Dividend
Globenewswire· 2026-02-18 21:34
Core Viewpoint - OR Royalties Inc. has announced a first quarter 2026 dividend of US$0.055 per common share, payable on April 15, 2026, to shareholders of record as of March 31, 2026 [1] Dividend Information - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] - For Canadian shareholders, the equivalent amount in Canadian dollars will be determined based on the daily rate published by the Bank of Canada on March 31, 2026 [2] Shareholder Participation - Non-registered beneficial shareholders must submit a new enrolment form to continue participating in the Company's dividend reinvestment plan (the "Plan") following a name change and new CUSIP number effective May 8, 2025 [3] - Shareholders interested in the Plan should contact their financial advisor or institution for enrolment details and deadlines [4] Company Overview - OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions, including Canada, the United States, and Australia [7] - The company has grown from a single producing asset in June 2014 to a portfolio of over 195 royalties, streams, and similar interests, anchored by a 3-5% net smelter return royalty on Agnico Eagle Mines Ltd.'s Canadian Malartic Complex, one of the largest gold mines globally [7]