Kaiser Reef (ASX: KAU)

Provided an update on its Strategy and Plan for the Henty Gold Mine and the Maldon Gold Project.

Production run-rate target for the Henty Gold Mine is increased to 35kozpa Au from late FY‘27.

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Henty Gold mine, Tasmania – Credits Kaiser Reef

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.

Kaiser Reef Outlines Strategic Plan For Henty and Maldon Gold Mines

COMPANY UPDATE

Kaiser Reef Limited (ASX: KAU) (“Kaiser” or “the Company”) is pleased to provide an update on its Strategy and Plan for the Henty Gold Mine (Henty) and the Maldon Gold Project (Maldon).

.
HIGHLIGHTS

HENTY GOLD MINE
Production run-rate target increased to 35kozpa Au from late FY‘27
Continued investment in the Mine and Processing Plant, including maintaining the second diamond drill targeting Resource and Reserve Growth

Near Mine Exploration, to leverage off existing infrastructure, to commence H1 FY’27
Regional exploration to commence H2 FY’27

.
MALDON GOLD PROJECT

Systematic strategy to unlock Maldon’s district-scale potential via concurrent workstreams: generating new targets, drilling priority targets and advancing Union Hill
towards potential production

Processing continuing with low-grade base load, running 2 shifts from April
Data compilation, supporting district scale approach, progressing well
On-ground target generation commencing this quarter with soil sampling at North Maldon

Permitting commenced to allow surface drilling (and low-grade reclamation) at Nuggetty
Other targets being worked up for permitting and drilling, including South Nuggetty and
Porcupine Flat
Works re-establishing Union Hill services (power, water, air) for rehabilitation, and drill position development, in progress

Drill positions UG at Union Hill expected to be available during Q1 FY’27 targeting ore development, at Union Hill, in parallel with rehabilitation work and exploration drilling, commencing H2 FY’27

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BALANCE SHEET MANAGEMENT

All works to be self-funded, with a portion of Kaiser’s underlying cash flow from operations allocated to Growth and Resilience

Exploration works on a campaign basis at both Henty and Maldon (excluding the second UG diamond drill at Henty)

Union Hill rehabilitation and development on a single crew basis

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Kaiser’s Managing Director, Brad Valiukas, commented:

“Kaiser has transformed, over the last nine months, into a profitable gold miner with a robust balance sheet and a strong pipeline of exploration and development opportunities.

 

“We are well positioned to both capitalise on a strong gold price and add significant further value to our assets with targeted investment.

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To read the full news release please click HERE

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To View Kaiser Reef’s current share price and chart, please click HERE

To View Kaiser Reef’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Kaiser Reef. 

.

To read our full terms and conditions, please click HERE

Minerals 260 (ASX: MI6)

Reported further results from its drilling program at the 4.5Moz Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia.

Assays have been received for a further 36 drill holes totalling 9,210m, including:
Bacchus Deposit (46Mt @ 1.1g/t Au for 1,600koz Au).

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Bullabulling mine – Courtesy of MInerals 260

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Minerals 260 Reports 7m @ 12.7 g/t Au, including 1m @ 69.0g/t Au,
intersected at the Bullabulling Gold Project

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30,000m drilling program to support an updated Mineral Resource Estimate in mid-2026

Minerals 260 Limited (ASX:MI6) is pleased to report further results from its drilling program at the 4.5Moz Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia.

Assays have been received for a further 36 drill holes totalling 9,210m, including:
Bacchus Deposit (46Mt @ 1.1g/t Au for 1,600koz Au)
Infill
• 7m @ 12.7g/t Au from 158m in BBRC0483*
 1m @ 69.0g/t Au from 160m
• 2m @ 10.3g/t Au from 99m in BBRC0412#
 1m @ 19.3g/t Au from 99m
• 1m @ 8.5g/t Au from 158.6m and 1.5m @ 11.3g/t Au from 190m in BBRD0422*1
• 10m @ 1.4g/t Au from 96m in BBRC0488#
Phoenix Deposit (57Mt @ 1.0g/t Au for 1,800koz Au)
Infill
• 8m @ 1.8g/t Au from 176m and 10m @ 2.8g/t Au from 211m in BBRC0438*
 1m @ 12.0g/t Au from 212m
Extensional
• 17m @ 0.8g/t Au from 174m in BBRC0461*
Dicksons Deposit (18Mt @ 1.0g/t Au for 610koz Au)
Infill
• 4m @ 3.7 g/t Au from 26m in BBRC0453*
• 8m @ 2.2 g/t Au from 99m in BBRC0487*
Extensional
• 9m @ 1.6g/t Au from 274m in BBRC0460*



*True widths are estimated at between 85% and 95% of the reported drillhole intercepts
#True widths are estimated at between 70% and 85% of the reported drillhole intercepts

Kraken Deposit (8.8Mt @ 1.2g/t Au for 340koz Au)
Infill
• 8m @ 1.06g/t Au from 127m in BBRD0444*1
• 15m @ 0.89g/t Au from 156m in BBRC0443*

Drilling at Bullabulling continues to:

• Consistently return thick and high-grade mineralisation along the footwall shear zone at Bacchus;
• Intersect multiple mineralised lenses outside the December 2025 Mineral Resource Estimate (MRE), indicating the potential to increase the MRE both at depth and along strike;
• Confirm the continuity of mineralisation at depth along the entire 8.5km strike extent of the MRE;
• Target extensions of high-grade areas located beneath or along strike from the MRE, specifically the high-grade areas at Bacchus and between Bacchus and Kraken.

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To read the full news release please click HERE

——-

.

To view the latest Minerals share price and chart, please click HERE

.

.To View Minerals 260’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Minerals 260

.

.

Mining Review 15th February 2026

A difficult week for investors ended with the gold price going back over $5,000 per ounce once again.

Western Gold is preparing for initial production, Caprice Resources and Equinox Gold both reported new gold discoveries.

.

+++++++

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.

Click HERE for live Spot Metal Prices 

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned.

.

,

Photo courtesy of Horizon Minerals

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.

HORIZON MINERALS GOLD MINERAL RESOURCES UPDATE

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HORIZON GOLD MINERAL RESOURCE ESTIMATE

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Managing Director and CEO Mr Grant Haywood commented:

“The sustained uplift in the gold price has brought previously marginal lower-grade tonnages into the economic envelope. By redefining cut-off grades, we have delivered a meaningful uplift in total resource ounces.

“This positions the Company with a more robust platform for future development, with the increased inventory to be incorporated directly into the Black Swan study planned for release in this current March 2026 quarter.”

Caprice Resources (ASX: CRS)

Reported further reverse circulation and diamond drilling results from the Island Gold Project.

RC hole 25IGRC091 intersected 9m at 7.3 g/t gold from 148m downhole at the
northern end of the Vadrians system.

. 

.

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CAPRICE RESOURCES DRILLING CONFIRMS EXTENSIONS TO HIGH-GRADE GOLD AT VADRIANS

.
Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to report further reverse circulation (RC) and diamond drilling results from the Island Gold Project (IGP, Island or the Project).

RC hole 25IGRC091 intersected 9m at 7.3 g/t gold from 148m downhole at the
northern end of the Vadrians system, delivering a significant extension of +80m to the
emerging high-grade gold lode of greater than 50-gram metres with the prospect of continued extensions.

This adds significant strike to the growing higher-grade core situated within the broader
Vadrians system which is now defined over 1,000m of strike to a depth of approximately 400 metres. Vadrians remains open in most directions highlighting the continued scale and growth of this high-grade gold system, demonstrating zones of much higher-grade
mineralisation occurring within the overall Vadrians system.

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HIGHLIGHTS

• Phase 4 diamond drilling at Vadrians extends high-grade gold mineralisation to more
than 1,000m of strike and to at least 400m vertical depth.
• New adjacent high-grade quartz reef discovery identified in the Vadrians footwall,
opening up an additional higher grade growth target within the broader Vadrians
system.
• Significant results from the current batch of assay results include: – 9m at 7.3 g/t gold from 148m downhole in 25IGRC091 (Vadrians Lode Extension) – 7m at 5.1 g/t gold from 297m downhole in 25IGRC097D (Vadrians Deep) – 3.5m at 6.7 g/t gold from 243m downhole in 25IGRC096D (Vadrians Continuity) – 1.0m at 9.5 g/t gold from 243m downhole in 25IGRC096D (Vadrians Footwall)
• Phase 4 drilling programme is now complete, with assays still pending for five (5)
diamond holes (including RC pre-collars) and 160 air core (AC) holes. Results are
expected to be received in batches through February and March 2026.
• AC holes have been drilled across numerous target domains within the broader 5km IGP
strike horizon with the intention to delineate additional discovery targets which can be
rapidly followed up with further RC drilling.
• Follow up RC drilling targeting further Vadrians growth in both the northern strike
extensions and additional depth extensions scheduled to commence this month.

.
Caprice MD, Luke Cox, commented:

“We can now see a significant increase in high-grade gold mineralisation across Vadrians, with meaningful strike extensions to the north and growing confidence in gold continuity at depth.

 

“Vadrians continues to prove up quite nicely and, importantly, it is just one of several gold mineralised prospects and targets across the broader Island Gold corridor.

 

“With a high volume of samples currently in the laboratory and further assay results expected throughout the quarter as well as further drilling, Caprice is entering a sustained period of results driven activity. I

 

 

“In parallel, field exploration has commenced at Comet, providing an exciting opportunity to deliver additional new gold discoveries alongside our core Island Gold growth strategy.”

.

To read the full news release please click HERE

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The latest Caprice share price and chart can be viewed HERE

.To View Caprice Resources’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Caprice Resources

.

Lefroy Exploration (ASX: LEX)

Reported on the Company’s inaugural toll-milling campaign and mining progress at the Lucky Strike Gold Mine near Kalgoorlie in Western Australia.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces of gold.

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.

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Lefroy Commences First Toll Milling at the Lucky Strike Gold Mine

12 February 2026

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) is pleased to report on the Company’s inaugural toll-milling campaign and mining progress at the Lucky Strike Gold Mine near Kalgoorlie in Western Australia.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz).

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HIGHLIGHTS

• Inaugural toll milling campaign for the Lucky Strike Gold Mine underway.
• 24-hour haulage ongoing, transporting ore to the FMR Investments Pty Ltd
Greenfields Mill throughout the month of February.
• First gold from Lucky Strike anticipated by mid-month coinciding with
historically elevated spot gold prices.
• A second phase of grade control drilling underway at Lucky Strike targeting the
Stage 2 planned South pit.

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LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“We are pleased to confirm that toll-milling is underway at the FMR Greenfields Mill in Coolgardie, representing a truly significant milestone for Lefroy.

.

“From the initial execution of the mine profit share agreement with partners BML Ventures in February 2025, we are now on the threshold of generating first gold from the Lucky Strike Gold Mine inside a short 12-month period.

 

“With all upfront funding for the project being provided by BML, we have managed to bring Lucky Strike online with minimal risk exposure to Lefroy shareholders within the context of historically elevated spot gold prices.

.

“With grade control drilling also now underway to confirm the Stage 2 south pit, we look forward to expanding the mine footprint at Lucky Strike, to mine more ounces within this strong gold price cycle”

.

To read the full news release, please click HERE

——-

.

To view the latest share price and chart, please click HERE

To View Lefroy Exploration’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds  shares in Lefroy Exploration

.

Initiating Coverage Tiernan Gold (TSX.V: TNGD)

Tiernan Gold is a Canadian mining company , focused on advancingthe Volcan Gold Project in Chile’s Atacama Region, within the prolific Maricunga Gold Belt.

The company was via a reverse takeover and public listing, completed late 2025.

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Project vista – Courtesy of Tiernan Gold

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Tiernan Gold Corp. (TSX.V: TNGD) is a Canadian mining company , focused on advancing its flagship Volcan Gold Project in Chile’s Atacama Region, within the prolific Maricunga Gold Belt.

The company was via a reverse takeover and public listing, completed late 2025.

Tiernan holds 100% ownership of the Volcan project—a large-scale, undeveloped gold asset with approximately 9.8 million ounces of Measured and Indicated gold resources (plus additional Inferred ounces).

Tiernan Gold emphasizes disciplined de-risking through engineering studies, exploration, and development toward production readiness, benefiting from a mining-friendly jurisdiction with nearby operating mines.

The company is well-funded (for ongoing technical work and updates on the project, having recenty raised C$53 million.

Management is experienced in creating shareholder value with early stage companies, the project is located in a good jurisdiction, in a prolific gold belt, amongst other major mining companies, so ticks all the boxes for me to consider making an initial investment.

.

Tiernan Gold company website can be accessed here

+++++++

To see the latest Tiernan Gold share price and chart, please click HERE.

To View Tiernan Gold’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares No shares in Tiernan Gold.

.

Western Gold Resources (ASX: WGR)

Announced the execution of key pre-mining contracts supporting mobilisation and site establishment at its 100%-owned Gold Duke Project in Western Australia.

The Company has executed Letters of Award with SSH Mining to commence site
establishment works, including clearing, grubbing, open pits, lay down areas and haul road delineation.

.

.

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Western Gold Prepares For Imminent Production at Gold Duke

Gold Duke Project Pre Mining Works Letter of Award, DWER Approval and Mine Operator Appointed

Western Gold Resources Limited (ASX: WGR) (“WGR” or “the Company”) is pleased to announce the execution of key pre-mining contracts supporting mobilisation and site establishment at its 100%-owned Gold Duke Project in Western Australia.

The Company has executed Letters of Award with SSH Mining to commence site establishment works, including clearing, grubbing, open pits, lay down areas and haul road delineation, and has also awarded a contract to Pennigton Scott Pty Ltd for the drilling of the Bower Bird Water Bore, a critical component of early mining and Life of Mine (LOM) dust-suppression infrastructure.

These activities represent another important step in transitioning Gold Duke from development into operational readiness, following the Board’s Decision to Mine announced in December 2025

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Highlights:

• Letters of Award executed with SSH Mining Australia Pty Ltd (subsidiary of
SSH Group Ltd (ASX:SSH)) to commence pre-mining works at the Gold
Duke Project, including clearing, grubbing and site establishment.
• Organisation of earthmoving equipment and site establishment activities
underway, supporting the planned transition into mining operations.
• SSH Mining has been appointed with LGIRS as the Mine Operator as part
of a Turn Key Solution for the Gold Duke Project.
• Contract executed with Pennington Scott Pty Ltd and Delta Consultancy &
Drilling Services Pty Ltd for the construction of the Bower Bird Water Bore,
delivering a dedicated water supply to support all mining activities and
dust suppression.
• Early works advance operational readiness and materially de-risk the
planned Q1 2026 mobilisation and production schedule.
• Activities follow the Board’s Decision to Mine and represent continued
execution of WGR’s capital-efficient development strategy at Gold Duke.
• The Company is currently assessing the potential to increase the life of
mine at Gold Duke.

.
Managing Director Cullum Winn commented:

“These early works mark a critical transition from planning into execution at Gold Duke.

 

“Commencing clearing, grubbing and site establishment, in particular open pits, waste dumps and haul roads plus water infrastructure development provides a strong foundation for mining operations and significantly de-risks our mobilisation schedule.

 

“Gold Duke continues to advance in line with our Decision to Mine and capital-efficient development strategy whilst also assessing options to increase the life of mine at Gold Duke.”

,

To read the full news release please click HERE

+++++++

..To see the latest Western Gold share price and chart, please click HERE.

.To View Western Gold Resources’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Western Gold Resources.

.

Mining Review 8th February 2026

A roller coaster week for precious metal prices, finally ending the week strongly, unlike base metals.

Heliostar Metals announced the first gold pour from its San Agustin gold mine.

.

City Investors Circle Mining Review 8th February 2026

Mining Review 8th February 2026

A roller coaster week for precious metal prices, ending the week strongly, with the gold price up by 1%, and silver down 9.75%. Industrial metals were all down, but coking coal rose 6% as supply issues are becoming a concern.

+++++++

Heliostar Metals announced the first gold pour from its San Agustin gold mine.

Caprice Resources and Ora Banda Mining reported high-grade gold drill results at their projects in Western Australia.

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News from our other tier 1 and 2 watchlist companies is pasted below, click on the link to be taken to the full story.Archives

  Heliostar Celebrates First Gold Pour from San Agustin Mine Restart

  Caprice Resources Report high Gold Grades at Island

  Heliostar Files Prefeasibility Study for Cerro del Gallo Project

  Barton Gold Began The 2026 Tunkillia Drilling Program

  Ora Banda Mining Reported Exceptional Drilling Results at Round Dam

  Market Review January 2026 published

  Mining Review 1st February 2026

,

Click HERE for live Spot Metal Prices 

+++++++

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned.

.

Caprice Resources (ASX: CRS)

Reported high-grade gold drilling results returned from the Island Gold Project, with drilling recommencing in the first week of January to complete the final 7,000 metres of the Phase 4 Drilling Programme.

Strong pipeline of assays to come commencing late January onwards.

.

.

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CAPRICE RESOURCES \REPORT HIGH GRADES FROM ISLAND GOLD PROJECT DRILLING INCLUDING 19M AT 4.6 G/T GOLD

Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to report high-grade gold drilling results returned from the Island Gold Project (IGP, Island or the Project), with drilling recommencing in the first week of January to complete the final 7,000 metres of the Phase 4 Drilling Programme.

Strong laboratory pipeline, with assays pending for 10 diamond holes (including RC pre-collars) and 70 air core holes. These results are expected to begin returning from late January-early February onwards.

.
HIGHLIGHTS

• Gold mineralisation at Vadrians now confirmed to at least 400m vertical depth and over 1,000m in strike with drilling delivering strong grade continuity, depth and strike
extensions across the gold system, as well as a new adjacent high-grade reef discovery.

,

PHASE 4 SIGNIFICANT ASSAY RESULTS

Vadrians Infill:
4m at 30.6 g/t gold from 255m downhole in 25IGRC095D
19m at 4.6 g/t gold from 152m downhole in 25IGDD0006, including:
▪ 9m at 9.1 g/t gold from 153m downhole

Vadrians Depth Extension:
6m at 7.4 g/t gold from 317m downhole in 25IGRC028D, including:
▪ 2m at 19.9 g/t gold from 318m downhole

• Drilling recommenced in the first week of January, with approximately 1,000m of
diamond drilling and 6,000m of air core drilling remaining to complete the planned
20,000m Phase 4 Programme.

• In parallel, field exploration has commenced across the newly acquired Comet Project,
beginning with on-ground reconnaissance and mapping.

.
Caprice MD, Luke Cox, commented:

“Starting 2026 with a great set of assay results, drilling restarting and record high gold price sets the scene for further success at the Island Gold Project and our wider Murchison Gold package.

.

“With a strong volume of samples in the laboratory and further assays expected throughout the Quarter, we are positioned for a consistent period of results-driven activity.

.

“In parallel, we have commenced field exploration at Comet, to develop this fantastic opportunity for further new gold discoveries alongside our core Island Gold growth strategy.”

.

A one minute video highlights the project, please click here

To read the full news release please click HERE

.

——-

.

The latest Caprice share price and chart can be viewed HERE

.To View Caprice Resources’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Caprice Resources

.

Heliostar Metals (TSX.V: HSTR)

Announces that, further to its news release dated December 11, 2025, it has filed a Prefeasibility Study Technical Report for its Cerro del Gallo Project located in Guanajuato, Mexico.

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.

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Heliostar Files Prefeasibility Study for Cerro del Gallo Project

Vancouver, Canada, January 26, 2026 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) announces that, further to its news release dated December 11, 2025, it has filed a Prefeasibility Study Technical Report for its Cerro del Gallo Project located in Guanajuato, Mexico.

The technical report was prepared in accordance with National Instrument 43-101 – Standards for Disclosure for Mineral Projects.  It has an effective date of December 11, 2025, with Kappes, Cassiday & Associates as the lead author and consultant. The technical report titled “NI43-101 Technical Report Pre-Feasibility Study of Cerro del Gallo Project, Guanajuato, Mexico” has been filed on the SEDAR+ website at www.sedarplus.ca and posted on the Company’s website at www.heliostarmetals.com.

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To read the full news release please click HERE

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——-

.

 To View Heliostar Metals’ latest share price and chart, please click HERE

..To View Heliostar Metal’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Heliostar Metals.

.

Barton Gold (ASX: BGD)

Announced the start of water bore drilling at its South Australian Tunkillia Gold Project.

Underdale Drillers has been engaged to complete a program totalling ~900m drilling for preliminary water testing, where success in locating additional sources of nearby water has the potential to both de-risk and improve project economics.

.

.

Barton Gold Begins The 2026 Tunkillia Drilling Program

Targeting Ore Reserves, PFS and ML application by the end of 2026

.

Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) (Barton or Company) is pleased to announce the start of water bore drilling at its South Australian Tunkillia Gold Project (Tunkillia).

Underdale Drillers has been engaged to complete a program totalling ~900m drilling for preliminary water testing. Success in locating additional sources of nearby water has the potential to both de-risk and improve project economics.

Barton is also pleased to confirm that Tunkillia’s planned second phase JORC (2012) Mineral Resource upgrade drilling will start as planned during March 2026, with ~28,000m RC drilling targeting the conversion of the balance of Tunkillia’s OSS modelled open pit mineralisation (beyond S1 / S2) to JORC (2012) ‘Indicated’ category.

A ~3,000m diamond drilling (DD) program is planned to run in parallel with phase 2 RC drilling, targeting the infill and expansion of Tunkillia’s geotechnical and metallurgical databases in support of further open pit design optimisation, detailed recovery and production modelling, and a PFS and ML application by the end of 2026.

.
HIGHLIGHTS

• May 2025 Optimised Scoping Study (OSS) outlined a compelling Tunkillia development project:

o Annual production: ~120,000oz gold and ~250,000oz silver
o Total LOM operating cash: ~A$2.7 billion (unlevered, pre-tax)
o Net Present Value (NPV7.5%): ~A$1.4 billion (unlevered, pre-tax)
o Internal Rate of Return (IRR): ~73.2% (unlevered, pre-tax); and
o Payback period: ~0.8 years (unlevered, pre-tax)

• Barton expediting Tunkillia toward Mining Lease (ML) application, with AUD gold and silver prices now over $1,500/oz and $50/oz higher (respectively) than used for OSS revenue estimates
• ~900m water drilling has started, targeting potential new water sources near OSS open pits
• ~28,000m second phase reverse circulation (RC) Resource upgrade drilling to begin March 2026,
with ~3,000m Resource, geotechnical & metallurgical diamond drilling (DD) to start in parallel
• Targeting JORC (2012) Ore Reserves, pre-feasibility study (PFS) & ML application by end of 2026

.

Barton MD Alexander Scanlon Commented on Tunkillia’s 2026 drilling programs, 

“The Tunkillia OSS demonstrated the financial and capital leverage available to large-scale bulk processing operations, with the major advantage of a higher-grade ‘Starter Pit’ that can pay back development costs 2x over in the first year.

 

“With recent Resource upgrade drilling results further de-risking this profile, we are advancing our other development drilling programs in support of planned JORC Ore Reserves, a PFS, and a Mining Lease application by the end of 2026.

 

“Following the submission of our Mining Lease application, we will expedite Tunkillia’s project finance discussions in parallel with our targeted reinstatement of ‘Stage 1’ operations at our neighbouring Challenger Gold Project.

 

 

“Our objective is to bring Tunkillia online as soon as possible to realise our gold production target of 150,000oz annually.”

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To read the full news release please click HERE

The live Barton Gold share price and chart can be found HERE 

..To View Barton Gold’s’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Barton Gold.

.

To read our full terms and conditions, please click HERE

Market Review January 2026 published

City Investors Circle Market review for January 2026 has been published.

The highlighted company is Mogote Metals.

.,

Mogotes Metals Filo Sur vista – Credits Mogotes Metals

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City Investors Circle Market Review January 2026 published

Precious metals fell back sharply as Trump’s surprise choice for the next FED Chair is deemed to be an interest rate hawk.

Bullion , bonds, and crypto tanked as stocks increased as interest rate curst seem off the table for now.

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To read the January 2026 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentations, please email andrew@city-investors-circle.com

.

——-

Archive of November’s news releases is listed below, click the link to be taken to the full story.

  Mining Review 1st February 2026

  Ora Banda Mining Issues an Update For The Waihi Project

  Catalyst Metals Issues a K2 Mine Update

  Aris Mining Delivers Strong Gold Production Above Guidance

  West Red Lake Gold Mines Releases Madsen Mine Video

  Equinox Gold Completes Sale of Brazil Operations for US$1.015 Billion

  Cabral Gold Drills 9.5m @ 5.74 g/t Gold and Expands Discovery

  Mining Review 25th January 2026

  Westgold Doubles Cashbuild to A$365 m with Record Gold Production

  Orla Mining Achieves Record Quarterly Production of Gold

  G Mining States a Positive Outlook for 2026 and 2027

  Lefroy Share Price Jumps as Mining Commences

  Catalyst Metals Jumps on High-Grade Gold Discovery

  New Murchison Gold Reports High-Grade Gold at Lydia

  Mining Review 18th January 2026

  Lahontan Gold Drills Thick, Shallow Gold at York and Slab

  Catalyst Metals Reports Record Plutonic gold production

  Equinox Gold Delivers Record Q4 Production and FY 2025 Gold Production

  G Mining Ventures Reports Q4 2025 Operational Results

  West Red Lake Gold Mines Declares Commercial Production at Madsen

  Heliostar Provides 2026 Guidance and Growth Plan

  Mining Review 11th January 2026

  Watchlist Adjustments January 2026

  Lefroy Exploration Intersects High-Grade Gold at Burns

  Pacgold’s Imminent Gold Production from The White Dam Project

  G2 Goldfields Drilling Expands OKO High-Grade Gold Resource

  Mogotes Metals Financing and Carmel Daniele Joins the Board

  Barton Gold CEO Sends a Positive Message for 2026

Mining Review 4th January 2026

  Horizon Minerals Formal Sale Agreement For Nickel Assets

  Capricorn Metals expands Mt Gibson With Yalgoo Purchase

   Market Review December 2025

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author may hold shares in some or all of the companies mentioned

.

Mining Review 1st February 2026

An awful week for investors in precious metals and companies that mine them.

After hitting new highs, the week ended with a flash crash taking gold and silver down a ski slope after Trump’s choice for the FED, a hawk, took the market by surprise.

.

.

City Investors Circle Mining Review 1st February 2026

.

Mining Review 1st February 2026

An awful week for investors in precious metals and companies that mine them.

After hitting new highs, the week ended with a flash crash taking gold and silver down a ski slope after Trump’s choice for the FED, a hawk, took the market by surprise.

+++++++

+++++++

News from our other tier 1 and 2 watchlist companies is pasted below, click on the link to be taken to the full story.Archives

  Ora Banda Mining Issued an Update For The Waihi Project

  Catalyst Metals Issued a K2 Mine Update

  Aris Mining Delivered Strong Gold Production Above Guidance

  West Red Lake Gold Mines Released a Madsen Mine Video

  Equinox Gold Completes Sale of Brazil Operations for US$1.015 Billion

  Cabral Gold Drilled a 9.5m @ 5.74 g/t Gold and Expands Discovery

  Mining Review 25th January 2026

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+++++++

Market Data

Weekly Price Changes

(US$ unless stated)

Click HERE for live Spot Metal Prices 

+++++++

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned.

.

Ora Banda Mining (ASX: OBM)

Provided an update on continued drilling success at its Waihi Project which has expanded the high-grade mineralisation area on the Golden Pole lode.

.

Ora Banda mine location map – Credits Ora Banda Mining

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.

Ora Banda Mining Issues an Update For The Waihi Project

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “OBM”, “Company”) is pleased to provide an update on continued drilling success at its Waihi Project which has expanded the high-grade mineralisation area on the Golden Pole lode.

See ASX announcement “Outstanding Drill Results at Waihi Builds Momentum for Third Underground Mine” dated 4 September 2025 here

In July 2025, Ora Banda embarked upon a 45-hole drill program, targeting depth extensions and new discoveries across the Waihi Project. Continued drill success, particularly at Golden Pole, resulted in an expansion of the program to 97 holes, with a further 20 holes now planned to solely focus on the Golden Pole lode.

Historically, the Golden Pole mine produced 81,000 tonnes @ 29.6g/t Au for ~77,000 ounces (between 1900 and 1939), extracted via underground mining methods. Potential extensions to the Golden Pole mineralised system were poorly drill tested by previous operators, providing a significant follow-up opportunity for Ora Banda.

Initial drilling by Ora Banda, reported on 4 September 2025, confirmed the presence of a new lode in the hanging wall of Golden Pole, returning intercepts of 13.5m @ 6.1 g/t and 8.0m @ 8.7 g/t (4m Composite samples))
1
. Subsequent drilling proximal to these intercepts has returned 7.0m @ 27.4 g/t including 2.0m @ 87.5 g/t.

Drilling beneath the historical Golden Pole workings has demonstrated significant down-plunge extensions to mineralisation with intercepts including 2.2m @ 56.3 g/t, 5.0m @ 13.2 g/t, 3.2m @ 13.9 g/t and 9.0m @ 4.8 g/t.

Follow up drilling to further test these high grade extensions is scheduled to commence in January 2026.

.

Ora Banda’s Managing Director, Luke Creagh, said:

“These outstanding results continue to support the case for Waihi to be Ora Banda’s third underground mine, with drilling right across the Waihi package returning high-grades, excellent widths and the potential for further extensions of the mineralised system, all within 3km of the Davyhurst Processing plant.

“Furthermore, the identification of a brand-new lode to the West of Golden Pole highlights the incredible opportunity within the package, opening up another exciting zone for exploration at Waihi”

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The full news release can be viewed HERE

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To view Ora Banda’s latest share price and chart, please click HERE

Aris Mining Corp. (TSX: ARIS)

Reports gold production of 256,503 ounces (oz) for the full year ended December 31, 2025, representing a 22% increase over 2024 production of 210,995 oz, driven by the expanded Segovia mill and above-guidance performance at Marmato. 

Fourth quarter production of 69,852 oz capped off a year of strong operational execution.

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.

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ARIS MINING DELIVERS STRONG 2025 GOLD PRODUCTION ABOVE GUIDANCE
MID-POINT AND OUTLINES ACCELERATING GROWTH INTO 2026

2026 production expected to rise to 300,000–350,000 ounces, driven by
Segovia ramp-up and Marmato expansion

Vancouver, Canada, January 21, 2026 – Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS; NYSE-A: ARMN) reports gold production of 256,503 ounces (oz) for the full year ended December 31, 2025, representing a 22% increase over 2024 production of 210,995 oz, driven by the expanded Segovia mill and above-guidance
performance at Marmato. 

Fourth quarter production of 69,852 oz capped off a year of strong operational
execution.

2025 Gold Production Highlights:

• 2025 production of 256,503 oz, exceeding the guidance midpoint (230,000-275,000 oz).
• H2 2025 production of 143,088 oz, up 26% over H1 2025, reflecting the installation of Segovia’s second ball mill in June 2025.
• Cash balance of over US$390 million at December 31, 2025, net of the US$60 million cash used for the Q4 2025 acquisition of the remaining 49% interest in Soto Norte.

.

Neil Woodyer, CEO of Aris Mining, commented,

 

“2025 was a pivotal year for Aris Mining.

 

“The successful expansion and on-going ramp-up at Segovia drove 26% production growth in the second half of the year, while Marmato delivered steady, above-guidance results as underground development progressed and construction of the new CIP plant and related infrastructure advanced on schedule.

 

“Q4 2025 production at Segovia was modestly lower than Q3 due to unscheduled maintenance in November, and normal operations resumed in December.

 

“We exited 2025 with strong momentum and a clear growth pipeline as we build a diversified, multi-asset gold producer with the potential to reach one million ounces of annual production, including Toroparu and Soto Norte.

.
“Looking ahead to 2026, we expect consolidated production of 300,000 to 350,000 oz, supported by continued ramp up at Segovia and increasing production from Marmato from Q4 2026 onwards.”

.

To read the full news release please click HERE

——-

To see the latest share price and chart, please click HERE.

To View Aris Mining’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds no shares in Aris Mining.

.

West Red Lake Gold Mines (TSX.V: WRLG)

Premiered a video celebrating the Madsen Mine achieving commercial production.

West Red Lake Gold purchased the Madsen Mine in June 2023. After extensive drilling, multiple surface and underground capital projects, and restart and ramp up, the company declared commercial production at the mine as of 1 January, 2026.

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Madsen Mill – Courtesy of West Red Lake Gold Mines

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Shane Williams, President and CEO said,

“With this video, we wanted to celebrate the milestone of commercial production and showcase the process that drives this mine,.

 

“Dedicated people executing a well-defined process is the foundation of a successful mine and I’m proud of the people at Madsen and the process we developed to operate this mine reliably and unlock value ahead.”

 

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To watch the video, click HERE.

 

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To read the full news release, please click HERE ——- To view the latest share price and company chart, please click HERE To View West Red Lake’s historical news, please click here . The live Spot gold price can be found HERE . ======= . City Investors Circle is based in the financial district in the City of London We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies. Our audience is selected and invited individually to ensure interest and relevance for the presenting company. Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation. We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter. If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com . ======= , This website is not sponsored, we are truly independent, and will always remain so Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team. All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this. These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional. . Disclosure At the time of writing the author holds shares in West Red Lake Gold Mines. . To read our full terms and conditions, please click HERE

Equinox Gold Corp. (TSX: EQX)

Completed the previously announced sale of its Aurizona Mine, RDM Mine and Bahia Complex located in Brazil to a subsidiary of the CMOC Group for total consideration of up to $1.015 billion.

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Equinox Gold Completes Sale of Brazil Operations for Total Cash Consideration of US$1.015 Billion, Pays Down More than US$800 Million of Debt With Net Debt Reduced to US$150 Million

(All financial figures are in US dollars)

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) completed the previously announced sale of its Aurizona Mine, RDM Mine and Bahia Complex located in Brazil (the “Brazil Operations”) to a subsidiary of the CMOC Group for total consideration of up to $1.015 billion (the “Transaction”). 

Equinox Gold received cash proceeds of $900 million, before closing adjustments, and will receive a production linked contingent cash payment of up to $115 million on January 23, 2027.

The Company will immediately fully repay its $500 million Term Loan, pay $300 million to extinguish the Sprott Loan and related obligations, and make a payment on its revolving credit facility.

This will reduce the Company’s senior debt to approximately $580 million (net debt¹ to approximately $150 million) and significantly lower its interest expense. 

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Darren Hall, Chief Executive Officer of Equinox Gold, stated: 

 

“Monetizing the Brazil Operations has streamlined our portfolio and transformed our balance sheet.

 

“Equinox Gold is now well established as a leading North America focused gold producer, with greater financial flexibility to self-fund high return, near term organic growth opportunities and consider capital return initiatives.

 

“Our development pipeline has the potential to add 450,000 to 550,000 ounces of incremental annual gold production in the coming years. With a strengthened balance sheet and 2026 consolidated gold production guidance of 700,000 to 800,000 ounces providing robust cash flow generation, we are well positioned to deliver stronger per-share value for our shareholders.”

The Transaction was completed through the sale of the issued and outstanding shares of certain non-Brazilian wholly owned subsidiaries of the Company that indirectly owned the Brazil Operations.

.

To read the full news release please click HERE

——-

To see the latest share price and chart, please click HERE.

To View Equinox Gold’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Equinox Gold.

.

Cabral Gold (TSX.V: CBR)

Announced results from six additional diamond drill holes at the Jerimum Cima target within the Cuiú Cuiú Gold District, Brazil.

Drilling at the Jerimum Cima target returned 9.5m @ 5.74 g/t gold, 14.4m @ 0.62 g/t gold, and 15.1m @ 1.04 g/t gold.

.

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Cabral Gold Drills 9.5m @ 5.74 g/t Gold and Expands Jerimum Cima Discovery, Cuiú Cuiú Gold District, Brazil

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Westgold Resources (ASX | TSX: WGX)

Reported record results for the period ending 31 December 2025 (Q2 FY26), with record gold production, higher volume third-party ore purchase, and a record achieved gold price effectively doubling the underlying cash build compared to Q1 FY26.

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Beta Hunt Mine at night – Credits Westgold

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Westgold’s Underlying Quarterly Cash Build Doubled to a Record $365M

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Perth, Western Australia, 21 January 2026: Westgold Resources Limited (ASX | TSX: WGX – Westgold or the Company) is pleased to report results for the period ending 31 December 2025 (Q2 FY26), with record gold production, higher volume third-party ore purchase, and a record achieved gold price effectively doubling the underlying cash build compared to Q1 FY26.

.
HIGHLIGHTS

.

PRODUCTION

Record Group gold production of 111,418oz Au @ AISC of
$3,500/oz – excluding ore purchases, Westgold produced
89,101oz at AISC of $2,945/oz
• 33% increase in gold produced quarter on quarter
• Reef mining recommenced at Great Fingall Mine
• Higher volume of HG oxide ore purchased from NMG

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TREASURY

Gold sales of 115,200oz – at an average price of A$6,356/oz
generating revenue of A$732M

Underlying cash build of $365M – before outflows of stamp
duty on Karora transaction ($76M), debt repayments ($50M),
investments in growth ($48M), dividends and buybacks ($29M)
and exploration ($6M) and inflows from asset sales of $26M

$654M in closing cash, bullion, and liquid investments @
31 December 2025 – a $182M increase Q on Q

Westgold is 100% debt free and remains unhedged

.

CORPORATE

Ongoing portfolio optimisation to unlock shareholder value:
• Mt Henry-Selene divested for $64.6M
• Reedy’s and Comet assets to demerge into a new
ASX‑listed company, Valiant Gold Limited
FY25 dividends paid and FY26 share buyback continues
FY26 Guidance Maintained

.

Westgold Managing Director and CEO Wayne Bramwell commented:

“In Q2, FY26 Westgold delivered record quarterly cash build of $365M and production of 111,418 ounces.

 

“Continued operational improvement from our assets continued and we had the opportunity to super charge our cash build by purchasing a higher volume of third-party ore. This third party ore delivered 22,317 ounces and monetising it further strengthened our balance sheet.

 

“These factors culminated in the Group closing the quarter with a treasury of $654M.

 

“Costs this quarter, reflected deliberate choices made to maximise value.

 

“Operational outputs continued to improve in the Murchison, whilst the Southern Goldfields were stable. The election to process higher volumes of softer, higher-grade oxide in the Murchison allowed us to significantly increase milling throughput at Meekatharra and accelerated cash generation, even though this third‑party ore carries a higher unit cost.

 

“Looking ahead, our 3‑Year Outlook (3YO) clearly maps a pathway to structurally lower our cost base. The ramp up of our Bluebird–South Junction mine at Meekatharra, Great Fingall at Cue and increasing outputs from Beta Hunt in Kambalda will underpin higher grade ore replacing the low‑grade stockpiles milled to maintain processing throughputs at our largest processing hubs.

 

“In parallel we are actively advancing a range of Westgold owned open pit targets to bring value forward in the 3YO. 

 

“As we enter the second half of FY26 our focus remains on more consistent operational delivery. Our key growth projects are advancing to plan and alongside a non-core divestment programme, the planned demerger and IPO of Valiant Gold during H2, FY26 can create additional ore supply for our Murchison processing hubs and unlock latent value for our shareholders.

 

“Westgold’s momentum continues to build. The business has scale, is debt free, unhedged and with a clear plan to reduce our cost structure, this team is committed to unlocking greater value from our portfolio.”

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To read the full news release please click HERE

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Disclosure

At the time of writing the author holds shares in Westgold.

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