Morning Briefing: Elemental Royalty Announced Dividend Plan which Includes Tether Gold XAU₮ Tokens
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It’s Tuesday, February 17th.
After a long weekend, markets in the US and Canada resume trading today. Gold appears to be maintaining its consolidation just below the $5000 / oz mark while silver’s chart is teetering on weakness at $74.22/oz. Traders will be focused on the big board equities today at market open, as the S&P and Nasdaq are all lower in pre-market trading. There continues to be worries on the AI-driven equity demand. Last week, concerns about Artificial intelligence having an impact on business models spurred a sell-off in software names. There are some data reports coming in this week, including personal consumption expenditures, FOMC minutes and GDP numbers.
We will get to the news out of the miners and explorers in a minute, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Integra Resources.
Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com
And here’s what you need to know this morning…..
Wheaton Precious Metals announced a major expansion of its silver exposure at Antamina through a new agreement with BHP. Wheaton will pay $4.3 billion upfront for BHP’s 33.75% share of payable silver production, increasing Wheaton’s total attributable silver interest at Antamina to 67.5% of mine production starting April 1, 2026. Under the terms, Wheaton will receive 33.75% of payable silver until 100 million ounces are delivered, after which the stream steps down to 22.5% for the life of mine, based on a 90% payable factor. Wheaton will make ongoing production payments equal to 20% of the spot silver price per ounce delivered. The transaction is expected to add approximately 6 million ounces of silver annually over the first five years, and about 5.4 million ounces per year over the first 10 years, increasing 2026 production by roughly 11% on a pro forma basis. Overall, the deal materially strengthens Wheaton’s long-term silver profile and reinforces its visibility into multi-decade cash flow growth tied to one of the world’s largest copper-zinc operations. (TSX, NYSE: WPM) News Release
Elemental Royalty Corp announced its inaugural dividend policy of US$0.12 per Elemental common share to be paid in quarterly instalments of $.03 per share, with record date for the inaugural dividend to be paid at the end of the first calendar quarter of 2026, and at the end of each calendar quarter following for subsequent dividends. The Company is also pleased to announce that it anticipates that qualifying registered shareholders will be able to elect to receive their dividend in the form of Tether Gold XAU₮ tokens, of par value to the dividend price, thereby providing Elemental shareholders with direct ownership of physical gold through their investment in gold royalties. (TSX-V: ELE, NASDAQ: ELE) News Release
Lundin Mining released results from its integrated Preliminary Economic Assessment on the Vicuña district, outlining a staged development across the Filo del Sol and Josemaria deposits that could rank among the top five copper-gold-silver mines globally. The study forecasts average annual production of ~400,000 tonnes of copper, ~700,000 oz of gold and ~22 million oz of silver over the first 25 years, with a 70-plus-year life of mine and peak production above 500,000 tonnes of copper per year in later phases. Project economics show an after-tax NPV8 of US $9.5 billion at base case prices with an IRR of 14.8% and first-stage capital of $7.1 billion, and an average annual free cash flow of $2.2 billion during the first 25 years. The integrated resource also grew significantly, with ~14 million tonnes of copper M&I and 32 million tonnes Inferred, alongside ~36 Moz gold M&I/61 Moz Inferred and ~729 Moz silver M&I/1,051 Moz Inferred, underpinning the district’s multi-generational scale. (TSX: LUN) News Release
Andina Copper reported new drill results from the second hole out of the company’s Cobrasco copper-molybdenum project in Colombia. The intercept today came back with 620m of .46% Cu, 79 ppm Mo and 1.1 g/t Ag, which included 146m of .76% Cu, 107 ppm Mo and 2 g/t Ag. The hole was designed to expand the mineralization footprint to the southwest of holes 3 and 4. The currently in progress hole 6 is a step-out currently targeting potential for a large extension of the mineralized system. (TSX-V: ANDC OTCQB: PMMCF) News Release
Li-FT Power has commenced drilling at the Yellowknife Lithium Project in the Northwest Territories of Canada. A 6,770m resource drill program is planned for the BIG East spodumene pegmatite, designed to step out from high-grade spodumene mineralisation that remains open along-strike and down-dip from the limits of 2023-24 drilling, including 26m of 1.56% Li₂O, 22m of 1.35% Li₂O, and 35m of 1.34% Li₂O. Diamond drill holes are planned on 100m spaced sections with the objective of building on the current BIG East inferred spodumene resource, which currently represents approximately one third of the global resource tonnes at YLP. (TSXV: LIFT) (OTCQX: LIFFF) News Release
Sierra Madre Gold and Silver provided an update on the progress of the planned two-stage expansion at its La Guitarra silver-gold mine complex. The first stage of the expansion would increase production rates from the current 500 tonnes per day to 750 tpd to 800 tpd of processing capacity with the installation of a new 3-foot standard head crusher. Processing plant and tailings handling upgrades and equipment purchases for the planned production expansion are underway. The Company has acquired two new scoop trams, one used scoop and is in the process of rebuilding two existing scoops. The Company has also purchased four haulage trucks and a second front end loader. (TSXV: SM) (OTCQX: SMDRF) News Release
Brixton Metals is proceeding with a consolidation of its shares on a 10 to 1 basis. Following the share consolidation, Brixton will have approximately 71,323,542 common shares issued and outstanding. (TSX-V: BBB, OTCQB: BBBXF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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