Morning Briefing: Collective Mining Expands the Ramp Zone in Multiple Directions

0:02Good morning and welcome back to the Mining Stock Daily Morning Briefing.

0:30Waller backed a potential interest rate hike in December. Economists expect the CPI to show monthly inflation rising to 0.3 % with core CPI slowing slightly to zero. Commodities are declining. Gold is at 4 ,086 down 0.69%. Crude oil is off 1.95 % to 188. Copper futures are in the red 0.64 % to$6.30. We will get to the news from the miners and explorers in a moment, but first a mention of today's sponsor. This episode of Mining Stock Daily is brought to you by Visa Silver.

1:11Visa Silver is advancing its Pinuco silver gold project in Sinaloa, Mexico, one of the highest grade silver development projects in the world. The project hosts the world's largest undeveloped high-grade silver resource, and the company has been aggressively expanding its drill program to grow that resource ahead of a development decision. Learn more at vislasilvercopper.com. Here is the news you need to know today. Collective Mining reported assays from four directional holes at its ramp zone at its Apollo deposit in Caldeas, Colombia, with four intersecting mineralizations below or beyond at the boundaries of the maiden mineral resource published in September.

1:52Deepest hole APC 171-D3 cut 21.4 meters at 11.06 grams per ton gold equivalent from 1 ,274 meters below surface, a grade 154 percent higher than the estimate for the blocks it crossed. It also returned at 79.8 meters at 2.02 grams per ton gold, roughly 370 meters below the resource base, more than doubling the zone's known vertical extent to about 720 meters. Step-out holes 100 to 190 meters north and northwest of the resource return intercepts, including 13.75 meters at 11.68 grams per ton gold equivalent, and the fully funded company plans to start a three-kilometer exploration added this month, drill towards C-11-2027 and deliver an updated resource between Q4-2027 and Q1-2028.

2:50Equinox Gold produced 237 ,019 ounces and sold 248 ,448 ounces of gold in Q3-2026 at an average realized price of$4 ,157 per ounce, generating record revenue of$1 billion and record adjusted EBITDA of$533 million, 49 % from Q2 and including two months of output for the Muscle White and Camino Rojo following a July 31st combination with Orla Mining. Cash costs fell at 9 % to$1 ,654 per ounce, and an oil and sustaining cost fell 4 % to$2 ,091 per ounce, though the company now expects to land at the low end of its$870 ,000 to$920 ,000 ounce production guidance, and at the high end of its$1 ,900 to$2 ,000 oil and sustaining range.

3:51Net income was$62.5 million. helo star metals released results from its 164 holes totaling 16 ,970 meters at its saint augustine mine in durango mexico part of a near mine oxidized program now expanded to 25 ,000 to 30 ,000 meters with the goal of extending mine life by up to two years the corner expansion zone returned shallow oxide intercepts including 40.09 meters grading at 0.99 grams per ton gold equivalent from 20.0 meters, extending mineralization more than 200 meters beyond the current reserve. While the newly defined east wall zone east of the current mining returned 160, 100.6 meters, grading at 0.42 grams per ton gold equivalent from the surface of 24.4 meters, grading at 3.44 grams per ton gold equivalent from 105.2 meters.

4:51CEO Charles Funk said the The two zones could supply about half of the targeted extension with resource modeling, metallurgical work, engineering, and permit modifications underway, and the expansion objective slated for the completion in 2027. Mining America has provided an update on its four growth projects led by Copperstone Underground Project in Arizona, where construction is advancing after its May 2026 pre-feasibility study. and a board construction decision with an underground contractor small mine development immobilized the grinding mill rehabilitated and cleared for installation and major procurement packages moving forward at the fully permitted gold rock open pit project in nevada early works include road upgrades site preparation and leach pad liners orders underway and the company plans to deliver an updated gold rock resource for the pan operating complex and an initial estimate of the open pit mineralization at Copperstone in 2020, at Q4 rather, 2026.

5:53Revival Gold has exercised its options with Keiser Marion Gold Mining Company and Sacramento Gold Mining Company to acquire 176 patented mining claims and 257 fee lots at its Mercura Gold Project in Utah, paying the remaining $127 ,188 and$37 ,500 with no royalties retained by the vendors. The company also secured two 10-year state mineral leases covering 425 hectares at the Tool County for$54 ,700 at auction. Scorpio Gold's first modern drill hole for the April Fool Target in Nevada's Manhattan District located 150 meters from the core resource area returned 9.4 grams per ton gold over 13.05 meters from 78.63 meters including 19.83 grams per ton over 4.11 meters along with deeper interval of 0.33 grams per ton gold over 45.5 meters.

6:59The results confirm a targeting concept developed through 2026 mapping, which identified the April Fool as an analog to the Zanzibar trend, with gold hosted in hydrothermal breccias along a faulted contact between caldera volcanics and paleozoic metasediments. Intrepid Metals reported results from 686 soil samples of this matting gold target on its Corral Copper Project in Cochi County, Arizona, roughly 3.25 kilometers south of the Ringo zone, inventing several distinct gold anomalies with a high above 1.0 grams per ton gold and 22 samples exceeding 0.1 grams per ton. Intrepid Metals reported results from 686 soil samples from its Maddy Gold target on its Corral copper project in Cochise County, Arizona, roughly 3.25 kilometers from the Ringo zone, indefiniting several distinct gold anomalies with a high above 1.0 grams per ton gold and 22 samples exceeding 0.01 grams per ton.

8:10Silver values reach 2.5 grams per ton, forming a northwest-southeast trend that partly overlaps the gold response and some anomalies coincide with the early rock samples that returned up to 21 grams per ton gold and 195 grams per ton silver. The company plans to detail the mapping along with additional rock and channel sampling to trace the source of the anomalies and refine potential gold targets at what the interim CEO Matt Lennox-King called an emerging gold target. and lastly district metals has partnered with a local swedish school of mines through its center of advanced mining metallurgy to study pyrite in the alum shale formation at the viken property in central sweden the company is supplying fresh to a core from its current program and sponsoring analytic work for an msc project that will use micro analytical methods to examine how trace elements such as copper zinc, melatonin, nickel, copper cadmium, and arsenic are distributed across different pyrite generations.

9:21The Mining Stock Daily Morning Briefing is produced by the Clear Commodity Network. It is distributed throughout the world through your podcast network of choice and at Clear Commodity Network. That's it 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.