Morning Briefing: i-80 Gold to Recapitalize with New Royalty and Prepayment Partners
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It’s Thursday, February 12th.
The US jobs report came in much better than expected yesterday, but little attention was given to the revisions highlighted in the report. So the market is re-forecasting potential future rate cuts from the Federal Reserve as we approach the Chairman torch handoff. Six republican congressmen broke away from the party consensus and voted to block President Trump’s tariffs on Canada. The resolution now goes to the Senate, where it could pass. Four republican senators had previously supported a similar resolution. If passed, it would most certainly be vetoed by the President. Not much movement in the gold and silver charts this morning. Both metals are little moved from yesterday’s close.
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…..
I-80 Gold announced a secured financing package of up to $500 million. Franco-Nevada commitment letter will provide $250 million in royalty financing, of which $225 million is expected to be available at closing. The royalty financing for a 1.5% life-of-mine net smelter return royalty, which steps up to a 3% royalty in 2031. National Bank of Canada and Macquarie Bank commitment to provide a gold prepayment facility for an initial advance of $150 million at closing, with an accordion feature for a further $100 million. The Company anticipates executing the accordion feature in the first half of 2027, at which point the number of additional gold ounces to be delivered will be determined. The proceeds of the Financing Package will also be used to extinguish the Company's existing debt obligations of approximately $175 million and to advance the Company's five gold projects through various stages of development, refurbish the Lone Tree Plant, and fund resource expansion and infill drilling, as well as for working capital purposes. (TSX: IAU) (NYSE American: IAUX) News Release
Radisson Mining shared an update on its geological model for the O’Brien Gold Project in the Abitibi. The model shows new vein-hosted mineralization beneath the historic gold mine which is emerging from the company’s 140,000m step-out drill program. A particular focus of this step-out drill program has been to explore below the principal area of historic workings ("O'Brien Mine East") where mining operations ceased in 1957 at the 1,000 metre level. These veins have now been delineated over a 250 metre x 700 metre area, with implications for future mineral resource growth and mine planning. Based on the historic data available, the company says it is clear that the former mine was "high-graded", with mining focussed on a main central high-grade stope. Parallel veins were identified during historic mining through horizontal drilling and exploration drifts but left undeveloped. It is estimated that the effective grade cut-off used in the former mine was between 7 and 8 g/t Au, leaving significant quantities of mineralized material unmined. (TSXV: RDS) (OTCQX: RMRDF) News Release
ATEX Resources published results of hole D32, which is the third hole completed in the Phase VI program. That hole returned 56m of 2.36% CuEq within a broader interval of 592m of 1.04% CuEq. The hole extends the high-grade core of the B2B zone by approximately 100m north along strike where current drilling is testing further extensions. Final results from hole 26B were also provided this morning. That broader interval returned 887m of 1.06% CuEq beginning from a depth of 763m. Follow up drilling to the south of hole ATXD26B is targeting an extension of the B2B Zone in an area approximately 350m long by over 200m wide. Six diamond rigs continue to operate at the Project and have completed 19,800 meters, representing 80% of the 25,000m Phase VI drill target. The drill program is tracking ahead of schedule; however, assay laboratory turnaround times have lengthened due to elevated seasonal industry demand. Results will be released as they become available. (TSXV: ATX) (OTCQB: ATXRF) News Release
Robex Resources says it has achieved commercial production at its Kiniero Gold Project in Guinea, having satisfied the commercial production criteria under both its Senior Secured Facility Agreement with Sprott and the Guinea Mining Code. Commercial production status was achieved following the first shipment of gold on 11 February 2026. The shipment comprised approximately 197 kilograms of gold, equivalent to 6,336 troy ounces. (ASX: RXR | TSX-V: RBX) News Release
The Mining Stock Daily morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice, and by our friends at the Junior Mining Network.
That’s it for today everyone. Have a great day. Stay safe.
The information presented should not be considered investment advice. Mining stock daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.