Core Viewpoint - The fundamentals driving gold prices remain strong, influenced by government spending and geopolitical tensions, particularly the impact of Russia's invasion of Ukraine and the shifting dynamics in global monetary markets [1][2]. Group 1: Gold Market Dynamics - Gold is increasingly viewed as a safe haven amid a less ordered world, with expectations that countries, particularly China, will continue to buy significant amounts of gold [2][3]. - The perception of risk associated with treasury holdings is growing among various countries, not just China, which may lead to increased demand for gold [3]. Group 2: Comparison with Cryptocurrency - There was a time when cryptocurrencies were favored over gold, but recent trends indicate that gold is reaffirming its value as a stable asset [4]. - The rise of cryptocurrency has made younger generations more aware of the risks associated with fiat currency, leading them to appreciate gold as a more reliable hedge [5][6].

Summary of Hecla Mining Company (NYSE:HL) Acquisition Conference Call Company and Industry Overview - **Company**: Orezone - **Acquisition Target**: Hecla Quebec, including Casa Berardi Mine - **Industry**: Gold Mining Key Points and Arguments Acquisition Highlights - Orezone announces a transformational acquisition of Hecla Quebec, which includes the Casa Berardi Mine and exploration assets, amidst record gold prices [2][3] - The acquisition positions Orezone as a diversified multi-asset gold producer in a tier-one mining jurisdiction in Quebec [2][3] - The transaction is expected to enhance production scale and free cash flow, benefiting existing shareholders [3][4] Financial Details - The total upfront consideration for the acquisition is $272 million, comprising: - $160 million in initial cash ($60 million from Orezone's treasury and $100 million from Franco-Nevada financing) - $112 million through a 9.9% equity issuance - Deferred cash payments of $80 million [4][5] - Contingent consideration includes up to $240 million linked to gold prices and production payments from the Casa Berardi project [5] Production and Reserves - Casa Berardi has a long operating history, producing 3.2 million ounces of gold over 30 years, with proven and probable reserves of 1.3 million ounces [9][10] - Orezone's production guidance for 2026 is projected to be between 83,000-91,000 ounces from Casa Berardi, alongside 170-185 ounces from Bomboré Mine [6][20] - The combined production target for 2026 is between 230,000-250,000 ounces, with a medium-term goal of 350,000 ounces annually [19][20] Exploration Potential - Significant exploration upside exists at Casa Berardi, with plans to ramp up exploration to 80-100,000 meters per year targeting high-grade ore shoots [14][18] - The Casa Berardi land package covers 37 km along the Casa Berardi Fault, with multiple mineralized zones identified [15][16] - Exploration properties included in the acquisition, such as Heva-Hosco, have established resources and potential for future development [19] Operational Insights - Casa Berardi is well-maintained with a strong local workforce and established infrastructure, which supports ongoing operations and exploration [9][17] - The mill has a capacity of almost 400,000 tons per day, with an average recovery rate of 88% [10][18] - Orezone plans to enhance operational efficiency through process automation and equipment upgrades [17][18] Strategic Direction - The acquisition marks a strategic expansion into Canada while maintaining a focus on West Africa for future opportunities [29][30] - Orezone aims to leverage its operational expertise to maximize value from the acquired assets without overstretching resources [29][30] Additional Important Content - The acquisition is expected to create significant value, as evidenced by successful past transactions in the Canadian mining sector [21] - Orezone's financial metrics indicate potential for re-rating in the market, with a current P/NAV of 0.47 and EV/EBITDA of 1.55 [7][20] - The management emphasizes the importance of integrating the Hecla team and ensuring alignment on operational strategies moving forward [26][31]

Orezone Gold (OTCPK:ORZC.F) Conference Call Summary Company Overview - **Company**: Orezone Gold - **Acquisition**: Hecla Quebec, including Casa Berardi Mine and exploration assets - **Date of Announcement**: January 26, 2026 Key Highlights of the Acquisition - **Strategic Expansion**: The acquisition is positioned as a transformational move into Canada, enhancing Orezone's status as a diversified multi-asset gold producer in a Tier One mining jurisdiction [2][3] - **Financial Metrics**: The transaction is accretive on key operational and financial metrics, benefiting existing shareholders [3] - **Funding Structure**: The acquisition involves an upfront consideration of $272 million, with $160 million in initial cash, $112 million through equity issuance, and deferred payments totaling $80 million [4] Casa Berardi Mine Details - **Production History**: Casa Berardi has produced 3.2 million ounces of gold over 30 years, with an average production of over 106,000 ounces per year in the last five years [10] - **Current Reserves**: Proven and probable reserves are estimated at 1.3 million ounces, with additional measured and indicated resources of 900,000 ounces [10] - **Mining Operations**: The mine operates through both underground and open-pit methods, with plans to continue underground operations and extend the F-160 open pit [12][28] Future Production and Exploration Plans - **2026 Production Guidance**: Orezone expects to produce between 230,000 to 250,000 ounces of gold in 2026, with a medium-term target of 350,000 ounces per year [22] - **Exploration Focus**: Plans to ramp up exploration to 80,000-100,000 meters per year, targeting high-grade zones within the Casa Berardi deposits [15][21] - **Infrastructure and Upgrades**: The company plans to enhance processing facilities and invest in new equipment to support increased production and exploration efforts [20][21] Market Position and Valuation - **Peer Comparison**: Orezone aims to improve its market valuation, with expectations for a rerate in terms of EV to EBITDA and PNAV multiples, particularly following the acquisition [23][25] - **Cash Flow Generation**: The Casa Berardi mine is expected to be self-funding, allowing for continued exploration without impacting cash flow from Bomboré [36] Strategic Direction - **Continued Focus on West Africa**: While expanding into Canada, Orezone will maintain its operational focus in West Africa, leveraging its expertise in building and operating mines [38][40] - **Long-term Vision**: The acquisition is seen as a foundational step for future growth, with plans to explore additional opportunities in both Canada and West Africa [40] Conclusion - **Management Commitment**: The management team expresses excitement about the acquisition and commitment to maximizing shareholder value through strategic operations and exploration [44]

Core Viewpoint - Osisko Development Corp. has announced a bought deal offering of 35,311,000 common shares at a price of US$3.54 per share, aiming to raise gross proceeds of US$125 million for funding exploration and general working capital [1][2]. Group 1: Offering Details - The offering consists of a base offering of 35,311,000 shares at US$3.54 per share, totaling gross proceeds of US$125,000,940 [1]. - An over-allotment option allows underwriters to purchase an additional 5,296,650 shares for up to US$18,750,141, exercisable within 30 days following the closing date [3]. - The offering is subject to regulatory approvals and is expected to close on or about January 30, 2026 [7]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for infill conversion drilling and exploration at the Cariboo Gold Project, along with general working capital [2]. Group 3: Regulatory and Access Information - The offering is being made in Canada and the U.S. through prospectus supplements filed with respective regulatory authorities [4]. - Access to the base shelf prospectus and related documents will be available on SEDAR+ and the SEC website [5][6]. Group 4: Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, particularly the Cariboo Gold Project in British Columbia, which is fully permitted and 100% owned [9]. - The company aims to become an intermediate gold producer while maintaining a disciplined approach to capital allocation and risk management [9].

Group 1 - The company will release its fourth quarter and full-year 2025 consolidated financial results on February 17, 2026, after markets close [1] - A conference call and webcast will be held on February 17, 2026, at 5:00 pm EST to discuss the financial results [1] - The company provides toll-free numbers for U.S. and Canada callers, as well as international callers, for the conference call [1] Group 2 - The webcast will be available on the company's website, and an audio replay will be accessible for two weeks following the event [1] - Specific toll-free numbers and replay codes are provided for accessing the audio replay [1]

Core Insights - New Found Gold Corp. has made significant advancements at its 100%-owned Queensway Gold Project, including entering into a Phase I EPCM contract [1][3] Project Advancements - The commencement of EPCM work is viewed as a key milestone for advancing the Queensway project, with a timeline from initial mineral resource in early 2025 to a planned first gold pour in late 2027 [3] - The project benefits from a high-grade core deposit, ownership of the Pine Cove operation with permitted milling and tailings facilities, and a favorable mining jurisdiction in Newfoundland and Labrador [3] - The region is ranked in the top 10 globally in the Fraser Institute's 2024 Annual Survey of Mining Companies, providing excellent access, infrastructure, and a skilled labor force [3] EPCM Contract Details - The EPCM contract has been awarded to WSP Canada Inc. for the development of the Queensway Phase 1 project, which includes site development and detailed engineering for an offsite milling facility [6] - The company plans to upgrade and expand the Pine Cove Mill to process both Hammerdown and Queensway Phase 1 feed from a single facility [6] Environmental and Financial Aspects - The environmental baseline work at Queensway is substantially completed, with plans to submit an Environmental Registration to the Newfoundland and Labrador Department of Environment, Conservation and Climate Change in late Q1 2026 [6] - The company has engaged Cutfield Freeman & Co. Ltd. as its project finance advisor to select an optimal financing package for the initial capital expenditure required for Queensway Phase 1 production [6] Technical and Timeline Updates - An updated Technical Report, including a new mineral resource estimate, is planned for mid-2026 [6] - The objective is to achieve the first gold pour from Queensway Phase 1 in the second half of 2027, pending all required permits [6][7]

the market on close. I'm Marley Caden here in Chicago alongside Sam Botis at the New York Stock Exchange. We'll close out this Monday's show with our thoughts on the session as we usually do.Gold continuing its impressive rally today, crossing $5,100 an ounce for the first time ever. Silver also holding on to its colossal runup, jumping as high as $108. Prices of both of these precious metals rallying on sustained demand from both institutional and retail buyers with Goldman Sachs saying that it sees the de ...

TSX & ASX ORE OTCQX ORZCF STRATEGIC EXPANSION INTO CANADA Acquisition of Casa Berardi Mine Corporate Presentation | January 2026 All dollar amounts are in USD unless otherwise indicated IMPORTANT NOTICES AND DISCLAIMER Investor Presentation This investor presentation is dated January 26, 2026, and has been prepared by Orezone Gold Corporation ("Orezone" or the "Company") based on information available to it at the time of preparing this presentation. This presentation has been prepared in relation to Orezon ...

Core Viewpoint - Gold prices have reached record highs, exceeding $5,000 per ounce, driven by market uncertainty, global tensions, and a weakening dollar, which presents both opportunities and risks for investors in the mining sector [1]. Group 1: Newmont Corporation - Newmont Corporation, the largest gold miner by market cap, is experiencing record profits while reducing long-term debt, with a reported revenue of $5.5 billion, up nearly 20% year over year, and earnings per share (EPS) of $1.67, up 108% [3][7]. - In the third quarter, Newmont produced 1.4 million ounces of gold, a decrease of 28.5% year over year, but maintained a profit of nearly $2,000 per ounce mined due to an average all-in sustaining cost (AISC) of $1,566 per ounce and an average realized gold price of $3,539 per ounce [6]. - Newmont has a diversified portfolio, mining not only gold but also copper, lead, zinc, and silver, which provides stability against fluctuations in gold prices [4]. - The company faces potential challenges in Ghana, where it operates two mines, as the government plans to increase royalties to 12% if gold prices exceed $4,500 per ounce, which could impact profits [8][9]. Group 2: Agnico Eagle Mines - Agnico Eagle Mines, the second-largest gold producer, is on track to produce a record 3.5 million ounces of gold this year, with a net income increase of 86% year over year to $1.06 billion and an EPS of $2.10 [10][12]. - The company has a strong financial position with $2.7 billion in cash and only $196 million in debt, having paid down $950 million in debt this year [14]. - Agnico's all-in AISC for gold production is $1,373 per ounce, while it realized an average price of $3,476 per ounce, indicating a high-margin operation [14]. - Despite a 145% rise in share price over the past year, concerns exist regarding its valuation, as the stock is trading around 32 times earnings, and its return on equity (ROE) is 9.35%, which is below expectations for a leading mining company [13]. Group 3: Investment Outlook - Both Newmont and Agnico Eagle Mines are positioned to benefit from elevated gold prices, serving as a hedge against inflation and providing diversification for investors' portfolios [15]. - The mining companies have the advantage of scale, with established operations that can maintain profitability even if gold prices fluctuate [16].

Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Lode Gold Resources Inc (TSXV: LOD) (OTCQB: LODFF) (the "Company") is pleased to announce completion of its 2025 exploration field work at the Golden Culvert and WIN projects in Yukon through its wholly owned subsidiary Gold Orogen. Gold Orogen (1475039 B.C. Ltd.) is an early-stage exploration play with quality assets in Yukon and New Brunswick. Optionality exists as assets are diversified on two mineral belts that are known to have prolifi ...