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 [15][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] - The molybdenum business unit had a free cash flow deficit of $61 million in Q4, mainly due to spending on the Thompson Creek restart [24] Company Strategy and Development Direction - The company is focused on a self-funded growth strategy, with projects like the Mount Milligan PFS extending mine life to 2045 and the Goldfield Project in Nevada [5][6] - The Kemess project is expected to have an average annual production of 171,000 ounces of gold and 61 million pounds of copper at an AISC of $971 per ounce [7][8] - The company aims to maintain a disciplined approach to capital allocation while advancing its growth project pipeline [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in generating strong cash flow in 2026, allowing for continued investment in growth projects while returning capital to shareholders [5][30] - The company is focused on maintaining operational performance and cost discipline, particularly at Mount Milligan and Öksüt [51][52] Other Important Information - The company received all required permits for Mount Milligan's operations through 2035, including a 10% increase in plant throughput starting in 2028 [11][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 would 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 in previous years [35][36] Question: PFS and resource updates - The purpose of the PFS is to tighten assumptions and advance engineering, with potential for future resource expansion through additional drilling [41][42] Question: CapEx increase at Thompson Creek - Management explained that the increase was due to various factors, including inflation and maintenance, and that the range provided accounts for variability [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: Future of the Endako mill - Management stated that the current strategy is to focus on the Thompson Creek mine before considering the Endako mill, which has substantial resources [58][59]

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]

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 ...

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 ...

Taseko Mines (NYSEAM:TGB) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsBrian Bergot - VP of Investor RelationsBryce Hamming - CFODalton Baretto - Managing Director of Equity ResearchRichard Tremblay - COOStuart McDonald - CEOConference Call ParticipantsNone - AnalystOperatorLadies and gentlemen, thank you for standing by. My name is Jericho, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Taseko Mines 2025 Q4 Earnings Conference Ca ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was CAD 244 million, including CAD 25 million from molybdenum, marking the highest quarterly revenue ever recorded by the company [13][14] - For the year, total revenues reached CAD 673 million from the sale of 99 million pounds of copper and 1.9 million pounds of molybdenum, with an average realized copper price of CAD 4.61 per pound [13][14] - Net income for Q4 was CAD 4.5 million, or CAD 0.01 per share, while adjusted earnings were CAD 42 million, or CAD 0.11 per share [15] - Adjusted EBITDA for Q4 was CAD 116 million, significantly higher than CAD 56 million in Q4 2024 [15] - Cash flow from operations for Q4 was CAD 101 million, with CAD 72 million contributed by Gibraltar [15][16] Business Line Data and Key Metrics Changes - Florence Copper commenced copper production with expectations of producing approximately 30-35 million pounds in 2026, following successful wellfield operations [4][6] - Gibraltar produced 31 million pounds of copper in Q4 2025, with copper head grades increasing to 0.26% and recoveries at 81% [7][8] - Molybdenum production reached 800,000 pounds, marking the best production quarter in the history of the mine [8] Market Data and Key Metrics Changes - Copper prices are approximately 25% higher than the previous year's average, driven by tight supply and strong demand from traditional and new sectors [10] - The company expects to benefit from copper price leverage due to increased production from both Gibraltar and Florence [10] Company Strategy and Development Direction - The company is focused on ramping up production at Florence Copper and expanding the wellfield, with plans to add 80-100 new wells annually [28][29] - Taseko is advancing its Yellowhead and New Prosperity projects, with Yellowhead showing strong economics and potential for joint venture partnerships [11][36] - The company is also exploring the development of its Aley niobium project, which is one of the largest undeveloped niobium deposits globally [37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about cash flow growth in the future, supported by higher production levels and favorable copper prices [10][19] - The company is taking a conservative view on copper grades due to unexpected geological conditions in the Connector pit [9][32] - Management emphasized the importance of safety and the need to stabilize operations following a tragic incident at Gibraltar [7] Other Important Information - The final capital costs for the Florence commercial facility were CAD 275 million, slightly over budget, with capital spending decreasing to CAD 8 million in Q4 [18] - The company ended the year with a cash balance of CAD 188 million and a total liquidity of CAD 340 million [18] Q&A Session Summary Question: What should we expect for CapEx and stripping this year? - The company anticipates slightly lower capitalized stripping costs compared to CAD 80 million last year, with no unusual capital projects expected [21][22] Question: How should we think about grade and throughput this year? - The company expects to achieve design capacity of 85,000 tons per day, with a more conservative estimate for grade potentially 5%-10% lower than the reserve grade of 0.25% [23][24] Question: What risks are being monitored during the ramp-up at Florence? - Management is closely watching drilling performance and the need to add new wells as production increases [28][30] Question: What issues are being faced at the Connector pit? - The company is reinterpreting drill hole results that have skewed the geological model, leading to adjustments in expected grades [32] Question: What are the next steps for Yellowhead and New Prosperity? - Yellowhead is in the permitting phase with potential JV discussions, while New Prosperity's progress depends on the consent of the Tilhqot'in Nation [36][37]

Core Viewpoint - Nations Royalty Corp. has successfully closed a private placement offering, raising gross proceeds of C$15,000,000 through the sale of 9,375,000 units at a price of C$1.60 per unit, including the full exercise of the over-allotment option [1] Group 1: Offering Details - The offering consisted of units, each comprising one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$2.25 until January 30, 2029 [1] - Red Cloud Securities Inc. and Canaccord Genuity Corp. acted as underwriters, receiving cash fees of C$873,600 and 546,000 non-transferable common share purchase warrants as compensation [2] Group 2: Regulatory Compliance - The units were issued to Canadian purchasers under the listed issuer financing exemption, making them immediately freely tradeable in accordance with Canadian securities legislation [3] - The closing of the offering is subject to final approval from the TSX Venture Exchange [4] Group 3: Company Vision and Mission - Nations Royalty aims to unite First Nations and Indigenous groups across Canada, inviting external investors to participate as shareholders, thereby combining royalties and income from resource projects [6] - The company focuses on economic reconciliation and capacity building for Indigenous Peoples in public companies and capital markets [6] Group 4: Properties and Benefits - Nations Royalty has established five annual benefit payment entitlements related to various properties in Canada, including the Brucejack gold mine and the KSM Copper-Gold-Silver-Molybdenum deposit [7]

Core Viewpoint - Moon River Moly Ltd. has announced a positive Preliminary Economic Assessment (PEA) for the Endako Molybdenum Mine, indicating strong potential for the restart of operations, which could position it as Canada's largest molybdenum producer again [4][5]. Project Overview - The Endako Mine is currently on care and maintenance and is located in British Columbia, approximately 190 kilometers west of Prince George [4][10]. - The PEA suggests a 10-year mine life with a throughput of 75,000 tonnes per day, producing an average of 9.3 million kg (20.5 million pounds) of molybdenum annually [6][39]. Financial Metrics - The pre-tax net present value (NPV) is estimated at CAD 1.1 billion, with an internal rate of return (IRR) of 46% [6]. - After-tax NPV is CAD 790 million, with an IRR of 40% at an 8% discount rate, assuming a long-term molybdenum price of USD 49.73 per kg (USD 22.50 per pound) [6][40]. - The estimated total average operating cost is approximately CAD 11.84 per tonne of potentially mineable resources [36]. Capital Expenditures - Pre-production capital expenditures are estimated at CAD 493.7 million, including contingencies of CAD 83.7 million [32][34]. - The breakdown includes costs for processing plants, tailings management facilities, and water management [33]. Mining and Processing Plan - The mining plan involves open-pit techniques, with a focus on higher-grade material for the first 10 years [14][15]. - The processing plant will have a capacity of 75,000 tonnes per day, utilizing existing facilities with refurbishments and new equipment for concentrate leaching and drying [16][19]. Mineral Resources - The measured and indicated mineral resource is 335.7 million tonnes grading 0.072% MoS2 (0.043% Mo) [6][29]. - The resource estimate excludes inferred resources and is based on a cutoff grade of 0.040% MoS2, which reflects the long-term potentially economic mineralization [28][30]. Project Schedule - The restart of mining operations is projected to take approximately 1.5 to 2 years from the approval of the restart plan to the start of production [25]. Environmental and Permitting - The Endako Mine is currently compliant with all necessary permits for its care and maintenance status, but a restart will require reactivation of water and operating permits [24].

Core Insights - Erdene Resource Development Corp. achieved a significant milestone with the first gold pour at the Bayan Khundii Gold Mine on September 14, 2025, and expects to reach nameplate production capacity by the end of 2025 [3][10] - The company is actively exploring opportunities to expand resources at Bayan Khundii and has planned 9,300 meters of drilling in the coming months [3][10] - An updated independent mineral resource estimate for the Zuun Mod Molybdenum-Copper project was announced, confirming it as one of Asia's largest undeveloped projects [3][10] - The company entered an option agreement to acquire up to 80% interest in the Tereg Uul Copper-Gold prospect, located near the Oyu Tolgoi deposit [3][10] Q3 2025 Highlights - First gold production at Bayan Khundii occurred on September 14, with expectations to achieve full production capacity by year-end 2025 [10] - During the quarter, the company sold 342 ounces of gold at an average price of US$3,805 per ounce and 96 ounces of silver at US$44 per ounce [10] - The Bayan Khundii mine is designed to process 650,000 tonnes of ore annually, producing approximately 85,000 ounces of gold [10] - The company mined 2.1 million tonnes of material, including 133 thousand tonnes of ore with an average grade of 2.30 g/t Au and 1.27 g/t Ag as of September 30 [10] - Community development initiatives have been implemented, with about 35% of site personnel being local residents [10] Financial Performance - The company recorded a net loss of CAD 2,748,830 for Q3 2025, compared to a net loss of CAD 1,687,580 in Q3 2024 [10][11] - Exploration and evaluation expenses increased to CAD 579,333, primarily due to costs associated with the Tereg Uul property and new project evaluations [10] - Corporate and administrative expenses rose to CAD 864,892, attributed to increased stock-based compensation and higher professional fees related to share consolidation [10] Resource Estimates - The updated mineral resource estimate for Zuun Mod showed a 22% increase in Measured and Indicated molybdenum resources to 333 million pounds and a 90% increase in Inferred molybdenum resources to 300 million pounds [10] - Copper resources also saw a 16% increase in Measured and Indicated resources to 384 million pounds and a 75% increase in Inferred resources to 350 million pounds [10]