Morning Briefing: Integra Launches $55M Bought Deal as Miners Hit Key Milestones
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Ian Wagner covering for Trevor Hall.
It’s Thursday, February 5th.
Gold futures pulled back modestly over the last 24 hours after Wednesday’s early sell-off followed by a late rally into the COMEX close. After losing about $100, Gold currently sits at $4880 at record time. The move may reflect a broader consolidation trend after recent volatility. Silver futures were down violently overnight, at one point down nearly $15. They rebounded briefly to touch the $80 level, but are now trading just above $76. Overall, precious metals are digesting the recent monthly gains, with traders watching the dollar and rate expectations for near-term direction.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Revival Gold.
Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-gold.com
And here’s what you need to know this morning…..
Magna Mining has provided its 2026 guidance for the assets in the Sudbury Basin of Ontario. They are anticipating a production guidance of 16-18 million pounds of coper equivalet from the 700 copper zone at the McCreedy West Mine this year. All-in sustaining costs, excluding stream payments are estimated to be between $4.20 - $4.70 a pound. The inaugural Mineral Reserves report for McCreedy West is nearing completion, and mine plan optimization including stope sequencing is currently underway. A PEA is underway at Levack Mine in parallel with work to re-establish ore and waste hoisting capabilities during 2026, and underground development to support ongoing exploration of the R2 Footwall Zone. At Crean Hill, a Pre-feasibility study is being conducted while engineering work continues in order to facilitate dewatering of the underground workings which could commence in the second quarter of 2026. (TSXV: NICU) (OTCQX: MGMNF) News Release
Heliostar Metals announced the first official gold pour from restarted mining operations at the Company's 100% owned San Agustin mine occurred in late January 2026. The Company resumed mining, crushing and stacking of new ore on the leach pad in Q4 2025. The restart was completed on time and on budget. The operation continues to ramp up successfully and has exceeded internal targets for ore mining rates and recoverable ounces stacked on the pad to date. The mine is on track to meet production guidance of 30,000-32,700 ounces of gold in 2026. (TSXV: HSTR) (OTCQX: HSTXF) News Release
Newcore Gold has commissioned a preliminary feasibility study for the Enchi Gold Project in Ghana. The PFS will build on the 2024 Preliminary Economic Assessment ("PEA") and will incorporate the results of fieldwork and testwork completed at Enchi during 2024 and 2025 including approximately 30,000 metres of additional drilling, PFS level metallurgical testwork, hydrogeological testing, geotechnical work, and environmental work. As a result of extensive metallurgical testwork completed since 2024, and a gold price environment that has strengthened substantially in the past several years, open pit mining with a standard milling and carbon-in-leach processing flowsheet will be assumed for the PFS to maximize the economic value of the Project. The company projects the technical report will be compled by the end of the first half of this year. (TSX-V: NCAU, OTCQX: NCAUF) News Release
Tectonic Metals today announced final assay results from the 2025 drill program at Chicken Mountain. The results delivered thick, at or near-surface intercepts that reinforce Chicken Mountain as a bulk-tonnage, heap leachable Reduced Intrusion Related Gold System within the Company's flagship Flat Gold Project in Southwest Alaska. Results reported today included 0.50 g/t Au over 272.00 m and 0.49 g/t Au over 277.55 m. Tectonic plans to resume drilling in early May 2026, and additional metallurgical test work is now underway, including 2-inch crush heap-leach column tests to investigate the viability of run-of-mine gold processing. A more detailed news release outlining the Company's 2026 plans and objectives is expected to be announced in the coming months. (TSXV:TECT) (OTCQB:TETOF) News Release
Minera Alamos has completed the integration of the Pan Mine operations into its corporate and operating structures approximately three months ahead of the original schedule. All material corporate legal structures, financial and tax reporting systems, and US operating entities have been transferred to Minera Alamos. The company did publish a production guidance for the year of 32,000 - 38,000 oz with cash costs of up to $1,900oz and All-in costs of up to $2,000/oz. (TSXV: MAI) (OTCQX: MAIFF) News Release
Dakota Gold Corp. reported additional drill results from its Richmond Hill oxide heap-leach project in South Dakota, highlighted by a 24.9-meter intercept grading 5 grams per tonne gold, including a short interval above 60 grams per tonne. Step-out drilling extended mineralization well beyond the current resource boundary, confirming the northeast zone remains open in all directions. Infill drilling also returned grades above the mine-plan average, supporting improved continuity. The company provided a silver assay update, noting Richmond Hill hosts a large silver endowment alongside gold. Results from the 2025 and 2026 drill campaigns will feed into a pre-feasibility study expected in the second half of 2026, as the project advances toward potential production later this decade. NYSE American: DC NEWS RELEASE
Last night, Integra Resources launched a bought deal financing with Canaccord and Stifel for 16,180,000 common shares of the Company at a price of $3.40 USD per share, for a total of just over $55M. The Company intends to use the net proceeds to fund pre-production capital expenditures at the DeLamar Project, including procurement work, early works and land purchase. (TSXV: ITR; NYSE American: ITRG) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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