Fortuna Mining posted record free cash flow of $132.3 M in Q4 and $330 M for 2025, with liquidity rising to $704 M and net cash of $381.5 M. Annual production met guidance at 317,001 GEO, while profitability and balance sheet strength improved despite some mine-specific cost and downtime impacts.
Torex Gold Resources Inc. reported 376,364 oz AuEq annual payable production with strong second-half performance, record revenue (~$1.3 B) and EBITDA (~$730 M). Media Luna continued ramp-up with steady production expected by mid-2026. The company repaid all debt, returned capital via dividends and share buybacks, and reiterated growth plans for 2026.
Equinox Gold Corp. reported a transformational 2025 with a strategic merger with Calibre, record production and revenue, portfolio optimization, and over US $1.1 billion of debt reduction. The company also initiated its first quarterly dividend, set a share buyback program, and positions itself for continued growth into 2026.
Silver Wolf has mobilized a diamond drill rig to begin a fully funded 3,000-metre, 13-hole drill program at its Ana Maria property in Durango, Mexico. The campaign uses AI-driven target mapping to refine drilling, will be done in two phases, and comes with new stock-option grants and a short digital marketing agreement.
Pan American Silver reported record 2025 results, including $554 M cash flow from operations in Q4 and $1.33 B for the full year, with strong revenues, earnings and production. The board raised the dividend 29% to $0.18/share, returned $221 M to shareholders, and ended the year with robust liquidity to support growth projects and 2026 guidance.
Alamos Gold Inc. reported strong 2025 financial results, with record revenues (~$1.8 B), net earnings of $885.8 M, and free cash flow of $352 M. Production was 545,400 oz of gold, slightly below guidance. Mineral reserves grew 32%, and the company boosted its dividend by 60%. Growth projects are advancing, supporting future production increases.
Equinox Gold Corp. declared its first quarterly cash dividend of US $0.015 per share, payable March 26, 2026, and adopted a dividend policy targeting US $0.06 annually. The board also applied for a normal course issuer bid to repurchase up to about 5 % of outstanding shares, highlighting confidence in its financial strength and commitment to shareholder returns.
Alamos Gold announced a 60% boost to its annual dividend to US $0.16 per share, payable March 26, 2026, reflecting strong free cash flow including a record US $352 million in 2025. The company continues a 16-year dividend streak and offers an optional dividend reinvestment plan for shareholders.
Regency Silver announced a non-brokered private placement to raise up to C$4 million by issuing 16 million units at C$0.25 each. Every unit includes one common share and half a warrant (exercise at C$0.35 for two years). Proceeds will fund exploration, property development, acquisitions, and working capital, with closing expected around Feb. 23, 2026, subject to TSXV approval.
Luca Mining Corp. has approved a two-phase study to optimize and expand the Campo Morado mill, aiming to boost gold and silver production by improving recovery methods and grinding capacity. The study will update the life-of-mine plan and evaluate precious metals recovery, with a NI 43-101 technical report expected in H2 2026.
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