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Recurly, a leading subscription management and billing platform, today announced the appointment of Suzin Wold as Chief Marketing Officer. Wold brings over 25 years of experience in scaling high-growth technology companies and will lead Recurly’s global marketing strategy, brand positioning, and go-to-market execution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260210646677/en/ Wold [...]
VANCOUVER, BC, Feb. 10, 2026 /PRNewswire/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV:AUMB) (OTCQX:AUMBF) (FRA: 2KY) is pleased to announce significant positive results from the independent Preliminary Economic Assessment ("PEA") for the True North Gold Project ("True North"), located in southeastern Manitoba, Canada. The PEA was prepared by AMC Mining Consultants (Canada) Ltd. ("AMC"), in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Project ("NI 43-101"), with all financial figures expressed in Canadian Dollars unless otherwise stated.The PEA outlines a robust gold mining operation utilizing the fully built and permitted infrastructure, including shafts, underground workings, and the processing and tailings management facility. 1911 Gold has estimated the infrastructure replacement value as being in excess of $400 million. The plan targets steady-state production of 58,114 ounces per annum with a mine life of 11 years. Management will host a webinar on Tuesday, February 10, 2026 at 10am PT (1pm ET), to discuss the PEA results and to answer any questions with respect to the PEA and the planned production restart strategy. Please refer to the details at the end of this release.PEA Highlights:Robust Economics (After-tax): Net present value (5%) ("NPV") of $391 million, internal rate of return ("IRR") of 105%, and a payback period of 2.2 years at a long-term gold price of US$3,000 per ounce ("oz"); at a constant gold price of US$4,800/oz, the NPV is $998 million, no calculated IRR due to no years with a negative cash flow, and an almost immediate payback period of 1.0 year. Production Profile: Steady-state production profile of 1,215 tonnes per day ("tpd") for average payable gold production of 58,100 oz per annum ("oz/year") (Years 3-8) with an 11-year life of mine ("LOM").LOM Cash Flow: Total payable gold production of 527,100 oz LOM with the current mineral resources, generating $545 million undiscounted after-tax free cash flow1 and generating 326 full-time jobs.Fully Permitted, Low Capital Project: Initial capital expenditures ("Capex") of $59.2 million, utilizing the currently built and permitted payable infrastructure. Additional Capex of $46.7 million during the first 2 years of ramp-up, and $367.2 million of sustaining capital over LOM with a high profitability index of 6.6 and low peak investment of $59.2 million in Year 1.Processing: Average diluted mill head grade of 4.32 grams per tonne gold ("g/t", "Au") with gold recoveries of 93.5% over the LOM.Cash Costs and AISC1: Producing gold at a cash cost of US$1,390/oz and all in sustaining cost ("AISC") of US$1,897/oz.Near-Term Production: Production due to start in the first half of 2027 ("H1 2027") with test mining planned for the second half of 2026 ("H2 2026").Production Growth: 1911 Gold has identified excellent potential to increase production by developing recently discovered zones such as San Antonio Southeast ("SAM SE"), San Antonio West ("SAM W"), and Shore which are adjacent to existing infrastructure and not included in the study, in addition to regional targets.1.AISC and Free Cash Flow are non-IFRS financial measures and have no standardized meaning under IFRS Accounting Standards ("IFRS"), and may not be comparable to similar measures used by other issuers."The delivery of this PEA marks another defining moment for 1911 Gold, outlining a highly efficient, low-capital path to the first phase of production with robust economics and exceptional returns," stated Shaun Heinrichs, President and Chief Executive Officer of 1911 Gold. "This plan leverages existing infrastructure and a mining strategy suited to the ore body, significantly reducing the project's capital intensity and technical hurdles that challenged previous operators. Our staged development approach provides a disciplined roadmap to ramp up operations toward an initial steady-state production. This PEA proves that True North is not just a restart story, but is the cornerstone of a district-scale gold project in one of Canada's premier mining jurisdictions."Eric Vinet, Chief Operating Officer of 1911 Gold, stated "This PEA outlines a foundational plan to restart operations at True North by optimizing existing infrastructure and confirms the economic viability of a safe and efficient multi-mine operation. Beyond the scope of this study, we see significant potential to further optimize these economics by establishing a centralized 'super-level' on Level 16. By connecting the adjacent zones at Hinge, 007, and, potentially, Cohiba directly to the True North Main Shaft, we can transition to a gravity-fed, horizontal haulage model. The proximity of these zones - notably Hinge, located within 100 m of existing infrastructure - supports the technical rationale for centralized hoisting, which has the potential to materially reduce operating costs."True North PEA OverviewTable 1: Summary of True North Project EconomicsGeneral Unit LOM Total / Avg.Gold price assumption (Long Term)per ounceUS$3,000Gold price assumption (2027)per ounceUS$3,500Gold Price assumption (2028)per ounceUS$3,200Exchange rate($US:$CAD)0.72Mine lifeyears11Total mill feedtonnes4,066,000Average diluted grade (LOM)g/t Au4.32Economics (pre-tax) Unit LOM Total / Avg.Net present value (NPV 5%)millions526.7Internal rate of return (IRR)%118 %Payback years2.2LOM avg. annual cash flowmillions67.1LOM cumulative cash flow millions732.8Steady State (yrs 3-8) avg. annual cash flowmillions93.0Economics (after-tax) Unit LOM Total / Avg.Net present value (NPV 5%)millions390.6Internal rate of return (IRR)%105 %Paybackyears2.2LOM avg. annual cash flowmillions48.9LOM cumulative cash flowmillions544.5Steady Sate (yrs, 3-8) avg. annual cash flowmillions68.2Profitability index (NPV/initial capital)ratio6.6Peak investment (Annual)millions59.2Production Unit LOM Total / Avg.Mill head grade g/t Au4.32Mill head grade (years 2029-2034)g/t Au4.40Mill recovery rate (average LOM)%93.5 %Average mining rate (years 2029-2034)tpd1,215Production cont... Unit LOM Total / Avg.Average annual gold production LOMounces47,945Average gold production (years 2029-2034)ounces58,114Peak grade (year 2031)g/t Au4.70Peak gold production (year 2031)ounces61,327Total LOM recovered goldounces527,400Operating Costs Unit LOM Total / Avg.Mining cost$/t milled175Processing cost$/t milled38G&A cost$/t milled37Total operating costs$/t milled250Refining & transport cost$/oz3.17Royalty NSR %0 %Cash costs*US$/oz1,390AISC**US$/oz1,897Capital Costs Unit LOM Total / Avg.Initial capitalmillions59.2Pre-commercial production capitalmillions46.7Sustaining capitalmillions367.2Closure costsmillions7.3Salvage valuemillions2.3Notes* Cash costs consist of mining costs, processing costs, mine-level general & administrative expenses and refining charges and royalties.** AISC includes cash costs plus sustaining capital, closure cost and salvage value.The PEA is preliminary in nature, includes inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.Sensitivities1911 Gold has conducted a sensitivity analysis using the PEA financial model on the base case pre-tax and after-tax NPV and IRR of the Project, using the following variables: metal price, initial capex, total operating costs, and foreign exchange. Table 2 shows the after-tax sensitivity analysis results at various long term gold price assumptions.As shown in Table 3 and Table 4, the sensitivity analysis revealed that the project is most sensitive to changes in gold prices, and foreign exchange and less sensitive to capital and operating costs.Table 2: After-Tax Sensitivity SummaryGold Price(US$/oz)$2,000$2,600$3,000Long-term(Base Case)$3,800$4,800$5,500After-tax NPV(5%), millions($41)$247$391$665$998$1,237IRR-1.3 %50.0 %105.3 %611.0 %NA* NA*Profitability index-0.74.26.611.216.920.9Payback (years)17.04.42.2Full story available on Benzinga.com
MOSCOW, Feb 10 (Reuters) - The Telegram messaging app faces fines of up to 64 million roubles ($0.82 million) in eight upcoming Russian court hearings, state news agency RIA reported on Tuesday, citing court documents. Read full story
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Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) announced a monthly dividend on Wednesday, November 19th. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.12 per share by the investment management company on Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of [...]
Landmark Bancorp Inc. (NASDAQ:LARK – Get Free Report) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Thursday, February 12th will be given a dividend of 0.21 per share by the financial services provider on Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 3.0%. [...]