Eldorado Gold Secures Permanent Grid Power at Skouries Mine in Greece

Velocity Minerals Ltd. has appointed Erik Marchand to its board of directors as the nominee of Artemis Gold Inc. under the January 16, 2019 strategic investment agreement between the parties. Marchand replaces Gerrie van der Westhuizen, who resigned as a director of Velocity effective October 1, 2026. Marchand is a Chartered Professional Accountant with roughly 15 years of finance and accounting experience in the mining and natural resources sectors, and currently serves as Chief Financial Officer and Corporate Secretary of Artemis Gold Inc. He joined Artemis Gold in September 2021 as Corporate Controller and later became Vice President of Finance before being named Chief Financial Officer, and previously held senior finance roles at one of Glencore's international mining operations and began his career with Deloitte. Velocity President and CEO Keith Henderson thanked van der Westhuizen for his contribution to the board and welcomed Marchand as Artemis Gold's nominee.

Coeur Mining outlined a record US$158 million exploration program for 2026, with US$24 million allocated to New Afton and US$18 million to Rainy River in Canada. The company reported past exploration results showing extended mineralization and higher-than-expected gold and copper intercepts at its New Afton K-Zone and East Picrite Trend, alongside growth-focused drilling across underground and near-surface targets at Rainy River. The record budget underscores how aggressively Coeur is pursuing potential resource growth and mine-life extension, sharpening the tension between funding aggressive drilling and managing cash flow. The step-up in exploration follows Coeur's move into shareholder returns with a new dividend and a large buyback authorization in early 2026, a balance the company is trying to strike between capital returns and a sizable spend on potential resource growth. Coeur's narrative projects US$5.1 billion in revenue and US$1.5 billion in earnings by 2029, yielding a US$23.95 fair value and 36% upside to its current price, while some of the lowest ranked analysts project about US$5.4 billion of revenue and US$1.9 billion of earnings by 2029 and may now see the exploration push as increasing execution and cost risk.

Advanced Gold Exploration Inc. has executed a non-binding memorandum of understanding with Ameerex Corporation to assume Ameerex's rights to acquire 100% of North American Silver Corporation and, indirectly, Centennial Mining, which together own the Corcoran Canyon Silver-Gold Property and the Belmont Properties in Nye County, Nevada. The Corcoran Canyon Silver Reef Zone carries a historical inferred mineral resource estimate, prepared for Electric Metals (USA) Limited with an effective date of October 12, 2020, of 31.5 million tonnes at 39 g/t AgEq in a pit-constrained estimate at a 20 g/t AgEq cut-off plus 175,000 tonnes at 122 g/t AgEq underground at a 100 g/t AgEq cut-off, for a combined total of approximately 39.7 million ounces AgEq. Advanced Gold expects to assume remaining cash obligations of approximately US$3.4 million payable to the underlying vendor, including approximately US$1.2 million due on or before October 31, 2026, and a further approximately US$2.2 million thereafter, and to issue 4,045,500 common shares to Ameerex at a deemed price of $0.12 per share. The company is in discussions with an arm's-length Qatari investment group on a proposed non-brokered private placement of approximately US$1.2 million at CDN$0.15 per share with one warrant exercisable at $0.20 for two years, and the group has indicated an intention to invest up to a further US$2.5 million. Completion of the transaction remains subject to definitive agreements, the payments described, CSE acceptance and other customary conditions, and the company has also terminated its arrangements relating to the Muriel Marr project in Ontario.