Core Viewpoint - The article emphasizes the importance of investing in high-quality growth and momentum stocks that are reasonably priced, with a focus on long-term performance and potential market outperformance [1] Group 1: Investment Strategy - The investment strategy involves focusing on growth and momentum stocks that are expected to outperform the market over the long term [1] - The analyst has a history of advising investors to buy at market lows, specifically mentioning a recommendation in March 2009 during the financial crisis, which led to significant market gains [1] Group 2: Market Performance - From 2009 to 2019, the S&P 500 increased by 367%, while the Nasdaq saw an increase of 685%, highlighting the potential for substantial returns in the stock market [1]

Core Viewpoint - Cygnus Metals Limited is initiating extensive exploration programs at its Chibougamau Copper-Gold Project in Quebec, aiming for significant resource growth and value creation for shareholders [6][7]. Exploration and Resource Growth - The company has reported a 29% increase in resources last year and is confident in its exploration strategy to deliver further strong results [4][7]. - Current drilling activities are focused on the Golden Eye and Cedar Bay sites, which are expected to provide substantial resource upside [4][10]. - At Cedar Bay, Downhole Electromagnetics (DHEM) is being utilized for the first time in over 20 years to define follow-up drill targets, with recent drilling returning significant intersections [9][11]. Resource Estimates - The current resource at Chibougamau stands at 6.4 million tonnes (Mt) at 3% CuEq for 193,000 tonnes (kt) CuEq (Measured & Indicated) and 8.5 Mt at 3.5% CuEq for 295 kt CuEq (Inferred) [7][29]. - Specific drilling results include 28.9m at 2.5g/t AuEq and 10.6m at 4.1g/t AuEq from recent exploration at Cedar Bay [8][9]. Target Areas - Joe Mann and Gwillim are identified as high-priority targets with significant discovery potential, having been overlooked for the past 20 years [5][11]. - The company is conducting an Induced Polarisation (IP) survey at Joe Mann to identify drill targets similar to IAMGOLD's Nelligan Complex, which contains substantial gold resources [11][12]. Infrastructure and Development - The Chibougamau area has well-established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum (tpa), which is the only facility within a 250 km radius [11][12]. - The Gwillim prospect is set to commence drilling, co-funded by Alamos Gold, which has a market capitalization of approximately C$25 billion [11][12].

Core Insights - Cygnus Metals Limited is initiating extensive exploration programs at its Chibougamau Copper-Gold Project in Quebec, aiming to grow resources and drive shareholder value through resource growth [6][7][8] - The company has reported a 29% increase in resources last year and is optimistic about further exploration results [4][8] Exploration Strategy - The exploration campaign focuses on extending known mineralization, drilling defined targets, and identifying new prospects [1][6] - Key areas of focus include brownfields exploration at Cedar Bay and Golden Eye, with ongoing Downhole Electromagnetics (DHEM) to identify follow-up targets [7][8][9] Resource Estimates - Current resource estimates for the Chibougamau project stand at 6.4 million tonnes (Mt) at 3% CuEq for 193,000 tonnes (kt) CuEq (Measured & Indicated) and 8.5 Mt at 3.5% CuEq for 295 kt CuEq (Inferred) [8][28] - Specific drilling results include 28.9m at 2.5g/t AuEq and 10.6m at 4.1g/t AuEq from recent exploration at Cedar Bay [8][12] Drilling Activities - Drilling has commenced at Golden Eye with three rigs to extend the resource below the current depth of 450m, where the resource is currently defined at 0.5 Mt at 5.6g/t AuEq [10][11] - At Joe Mann, a detailed Induced Polarisation (IP) survey is underway to identify drill targets, with historical intersections showing significant gold potential [11][13] Infrastructure and Partnerships - The Chibougamau area has established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum, which is the only facility within a 250 km radius [11][12] - Drilling at the Gwillim prospect will be co-funded by Alamos Gold, which has a market capitalization of approximately C$25 billion [11][12]

Core Viewpoint - Gold Royalty Corp. has amended and increased its revolving credit facility to up to US$150 million, which will lower its interest costs and support future growth strategies [1][2]. Group 1: Credit Facility Details - The amended facility includes a US$125 million secured revolving credit line with an accordion feature for an additional US$25 million, subject to conditions [1]. - The interest rate is based on SOFR plus a margin of 2.25%-3.25%, reflecting a 25-basis points reduction [1]. - The facility is set to mature in November 2028 [1]. Group 2: Portfolio Asset Updates - Vareš (100% copper stream) reported production recommencement in January 2026, with improved production expectations for the year [1]. - Tonopah West (3.0% NSR) closed a C$15 million financing to fund exploration and pre-development activities, with a mineral resource estimate expected in February 2026 [1]. - South Railroad (0.44% NSR) is advancing through federal and state approvals, with a feasibility study reaffirming its robust economics [1]. - Ren (1.5% NSR & 3.5% NPI) is nearing completion of ventilation shaft excavation, with full production expected in 2027 [1]. - Odyssey (0.5% - 3.0% NSR) is ahead of schedule, with initial production anticipated in 2033 [1]. - Jerritt Canyon (0.5% NSR) completed significant drilling in 2025, with results expected in early 2026 [1]. - Granite Creek (10% NPI) reported high-grade assay results, supporting its geological model [1]. - County Line (3% NSR) commenced operations and made its first shipment of mineralization [1]. - Côté Gold (0.75% NSR) is focusing on mining and milling efficiency, with plans for additional infrastructure [2]. Group 3: Management Commentary - The CEO expressed satisfaction with the development progress of operators in 2025 and anticipates significant revenue and cash flow growth from cash-flowing assets in 2026 and beyond [2].

Investors might want to bet on Iamgold (IAG) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings ...

IAMGOLD (NYSE:IAG) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsAnita Soni - Anita SoniBruno Lemelin - COOGraeme Jennings - VP of Investor RelationsMaarten Theunissen - CFORenaud Adams - President and CEOSatish Kasinathan - Vice PresidentConference Call ParticipantsMohamed Sidibé - Equity Research AnalystTanya Jakusconek - Equity Research AnalystOperatorAt this time, I would like to turn the conference call over to Graeme Jennings, Investor Relations for IAMGOLD. Please go ahead, ...

IAMGOLD (NYSE:IAG) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsAnita Soni - Anita SoniBruno Lemelin - COOGraeme Jennings - VP of Investor RelationsMaarten Theunissen - CFORenaud Adams - President and CEOSatish Kasinathan - Vice PresidentConference Call ParticipantsMohamed Sidibé - Equity Research AnalystTanya Jakusconek - Equity Research AnalystOperatorAt this time, I would like to turn the conference call over to Graham Jennings, Investor Relations for IAMGOLD. Please go ahead, ...

Financial Data and Key Metrics Changes - IAMGOLD reported record revenues of nearly $3 billion for 2025, with a gross margin exceeding 40% and operating cash flow of over $1 billion, including $702 million generated in Q4 alone [4][11] - Adjusted EBITDA for 2025 was approximately $1.6 billion, a significant increase from $780.6 million in 2024 and $338.5 million in 2023 [18] - Adjusted earnings per share for the year totaled $1.23, up from $0.55 the prior year [18] Business Line Data and Key Metrics Changes - Attributable gold production for Q4 was 242,400 ounces, a 28% improvement quarter-over-quarter, bringing total production for the year to 765,900 ounces, achieving the midpoint of the company's 2025 production guidance [8][9] - Côté Gold produced 399,800 ounces on a 100% basis in its first full year of operation, with Q4 production of 87,200 ounces [21] - Essakane reported record production of 138,100 ounces in Q4, with cash costs averaging $1,471 per ounce and all-in sustaining costs of $1,674 per ounce [35][36] Market Data and Key Metrics Changes - The gold price increased nearly $1,700 per ounce over 2025, exiting the year at just over $4,300 per ounce, although still more than $600 lower than current levels [4] - Royalties accounted for an average of approximately $330 per ounce or 24% of cash costs in Q4 2025, impacting the overall cost structure [10][37] Company Strategy and Development Direction - IAMGOLD aims to capitalize on the favorable gold market conditions while focusing on operational excellence and cost control [5][10] - The company is increasing its budget for exploration at the Nelligan mining complex, which now has over 4.3 million measured and indicated ounces and 7.5 million inferred ounces [39][40] - Plans for Côté include a strategic pushback and expansion projects, with an updated mine plan expected to be released in Q4 2026 [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate strong cash flow and return capital to shareholders, with a focus on disciplined capital allocation [15][20] - The company anticipates a flat production profile for Essakane in 2026, with cash costs expected to be in the range of $1,600-$1,750 per ounce, including royalties [38] - Management highlighted the potential for extending the life of the Essakane mine by an additional five years, targeting 2032 [47][48] Other Important Information - IAMGOLD established a share buyback program, repurchasing $50 million in shares in December 2025 and an additional $50 million in early 2026 [6][14] - The company reduced its net debt by $468.8 million to $344.4 million at the end of 2025, with total liquidity of approximately $868 million [12] Q&A Session Summary Question: How should we think about Essakane within your broader portfolio, especially with the license potentially expiring in 2029? - Management noted the potential for expansion and the steady operation of the mine, indicating confidence in extending the mine's life and continuing to generate cash flow for shareholders [44][46] Question: Could you provide more color on mining costs and expectations for Côté Gold? - Management indicated that mining costs for 2026 are expected to be around $370-$380 per ton, with ongoing adjustments and improvements planned [53][55] Question: What are the expectations for the reserves and resources update for Gosselin in Q2? - Management confirmed that they expect to achieve a significant increase in reserves, targeting over 20 million ounces in measured and indicated resources [95]

Q4 & FULL YEAR 2025 RESULTS CONFERENCE CALL February 18, 2026 TSX: IMG | NYSE: IAG | www.iamgold.com 1 CAUTIONARY STATEMENT All information included or incorporated by reference in this news release, including any information as to the Company's vision, strategy, future financial or operating performance and other statements that express management's expectations or estimates of future performance or impact, including statements in respect of the prospects and/or development of the Company's projects, other ...

Core Insights - IAMGOLD Corporation reported strong financial and operational results for Q4 and the full year 2025, with adjusted EBITDA reaching $1.5 billion and a record fourth quarter adjusted EBITDA of $710.1 million [2][5] - The company is focused on de-leveraging its balance sheet and returning value to shareholders through a share buyback program, having repurchased approximately $100 million in shares since December 2025 [2][13] - Looking ahead, IAMGOLD anticipates exciting growth in 2026, with a production guidance range of 720,000 to 820,000 ounces and continued operational excellence [2][15] Financial Performance - For Q4 2025, IAMGOLD achieved attributable gold production of 242,400 ounces, and for the full year, production totaled 765,900 ounces, meeting the mid-point of its guidance [5][9] - Revenues for Q4 were $1,088.1 million from sales of 259,000 ounces at an average realized gold price of $4,191 per ounce, while total revenues for the year were $2,852.8 million [5][12] - The company reported net earnings of $406.6 million for Q4 and $664.4 million for the full year, with adjusted net earnings per share of $0.70 for Q4 and $1.16 for the year [12][14] Production and Costs - Côté Gold produced a record 87,200 attributable ounces in Q4 and 279,900 ounces for the full year, achieving the top end of its production guidance [5][46] - Cash costs per ounce sold, excluding royalties, were $1,031 for Q4 and $1,230 for the year, while all-in sustaining costs (AISC) were $1,750 for Q4 and $1,900 for the year [5][20] - The average realized gold price for the year was $3,482 per ounce, with cash costs including royalties averaging $1,484 per ounce sold [5][20] Mineral Reserves and Resources - As of December 31, 2025, IAMGOLD's proven and probable mineral reserves totaled 9.9 million ounces of gold, a decrease of 7% from the previous year due to depletion at Côté Gold and Essakane [5][6] - Measured and indicated mineral resources increased by 16% to 31.0 million ounces, primarily due to the conversion of inferred resources at Côté Gold and Nelligan [6] Capital Expenditures and Future Plans - The company allocated $400 million of free cash flows in Q4 to repay debt and repurchase shares, with expectations of approximately $400 to $500 million in free cash flow from Essakane in 2026 [13] - Capital expenditures for 2026 are expected to total approximately $500 million, with $380 million for sustaining capital and $120 million for expansion [26][27] Health and Safety - IAMGOLD reported a total recordable injuries frequency rate (TRIFR) of 0.60 for 2025, an improvement from the previous year, reflecting the company's commitment to safety [31]