Morning Briefing: Omai Gold Mines has released a Preliminary Economic Assessment for its Omai Project

0:02Good morning and welcome back to the Mining Stock Daily Morning Briefing presented by the Clear Commodity Network, and delivering today's top news in mining and mineral exploration. From the new ClearCom Studios, here's your host, Trevor Hall. And good morning, everybody. Welcome back to the Mining Stock Daily morning briefing. It's hump day, Wednesday, August 19th. And the macro picture shifting once again. Gold is the leader this morning up 0.73 % to$4 ,367 an ounce. Silver is adding a more modest 0.3 % to$63.52. Copper is the outlier, slipping over 1 % to$6.41 a pound. Japan's benchmark bond yield is on the brink of hitting 3 % for the first time since the mid-1990s.

0:56This could be classified as a generational reset for a market that spent three decades as the world's defining example of suppressed interest rates. The Bank of Japan's gradual policy normalization, the return of domestic inflation, and mounting fiscal pressure have combined to push Japanese government bond yields to levels that are now attracting Japanese investors back to their own market. This is significant because Japan remains one of the largest foreign holders of U.S. Treasury debt, and higher yields at home mean less incentive to fund the American deficit. The Trump administration has delayed 50 % tariffs on billions of dollars of Canadian goods by three days, after the two sides reached what officials described as a tentative agreement, in a dispute that had pushed U.S.-Canada trade relations to a fresh low.

1:53For our audience, the implications are worth watching closely, because Canada is the world's most active junior mining jurisdiction, and the sustained tariff escalation could create real friction across the cross-border flows of concentrate, equipment, and exploration capital that underpin this sector. We'll get to the news out of the miners and explorers in just a moment, but first a quick mention of today's sponsor. Today's morning briefing is brought to you by Equinox Gold. Equinox Gold is one of the world's largest senior gold producers, operating seven mines across Canada, the United States, Mexico, and Brazil.

2:30In the United States, Equinox has also received a positive record of decision from the Bureau of Land Management for its South Railroad gold project in Nevada's Carlin trend. It's advancing a development asset targeting over 130 ,000 ounces of production per year in the first five years, with FIRST Gold planned for 2028. Learn more at EquinoxGold.com. From power generation to steelmaking, coal still drives the global economy. And the Coal Trader Podcast from Clear Commodity Network is where the industry comes to talk about it. Join me, Matt Water, and my partner, Joe Aldina, as we break down the latest trends in thermal and met coal, explore shifting market dynamics, and sit down with industry veterans and executives for unfiltered, insightful conversations.

3:16Listen to Coal Trader Podcast on Apple Podcasts, Spotify, or at clearcommodity.net. Clear Commodity Network, digital news on the physical markets.

3:31And here's what you need to know this morning. Oh My Gold Mines has released a preliminary economic assessment for its Oh My Project in Guyana that outlines one of the larger undeveloped gold projects in the Guyana Shield. An 18-year mine plan combined the WeNot open pit with adjacent gilt underground deposits, averaging 351 ,488 ounces of gold per year, at a peak of 435 ,667 ounces, for a total payable production of 6.3 million ounces. At a base case gold price of$3 ,600 an ounce, the PEA returns an after-tax NPV of$4 billion and a 24 % IRR with initial capital of$1.43 billion. It is improving to$5.5 billion with a 30 % IRR at recent spot prices around$4 ,200 an ounce.

4:32Oh My Gold Mines trades on the TSX Venture Exchange as OMG and on the OTCQB with OMGGF. Onyx Gold is out with another strong batch of results from the Argus Gold System at the Monroe Cresis Projects in Timmins, Ontario. The highlight being hole 340 at Argus Main, which returned 1.7 grams per ton gold over 67 meters and included 13.2 grams per ton over 6 meters. And there's also some visible gold in there grading 73.4 grams per ton over 1 meter. This ranks it among the nine strongest intercepts in the entire Monroe Croesus database. The step-out hole 150 meters down dip returned a broad 0.7 grams per ton gold over 144.5 meters, while six holes at Argus West extended the zone 100 meters to the west and southwest.

5:30The Argus Gold system is now demonstrating gold mineralization across 1.4 kilometers of strike and more than 700 meters vertically, with all zones remaining open. Onyx Gould trades on the Venture Exchange with ONYX and on the OTCQX with ONXGF. Epitibi Metals has reported the first results from Phase II Metallurgical Test Work at its B26 polymetallic deposit in Quebec, with SLR Consulting independently confirming the 98.2 % copper flotation recovery to a rougher concentrate grading 23.7 % copper. The test work used a significant larger and more representative composite than previous studies, which gives the results additional credibility as Abitibi advances towards a PEA.

6:22Abitibi Metals trades on the CSE with AMQ and on the OTCQB with AMQFF. founders metals is consolidating 100 ownership of the antino gold project in southeastern suriname acquiring the remaining 30 from nano resources for 17 million dollars u.s in cash 13.5 million founder shares and up to 21 million dollars in milestone payments tied to resource milestones permitting a construction decision first gold and cumulative production simultaneously simultaneously goldfields increased its strategic stake in the company to 19.9 percent through a seven almost 77 million dollar canadian placement at five dollars 44 cents per share founders metals trades on the venture exchange with fdr and on the otcqx with fdmif intrepid metals has selected major drilling for its 10 000 meter drill program at the corral copper project in Arizona.

7:29The program is split roughly in half between expanding the known near-surface CRD copper gold silver mineralization and conducting the first drilling specifically designed to test high-priority porphyry copper gold targets beneath it. Intrepid Metals trades on the venture with INTR and on the OTCQB with IMTCF. And Lundin Mining is reporting that a A second severe winter storm in Chile's Atacama region re-damaged a transmission tower at the Casarones copper mine that had already been repaired following the first storm's power outage in July. It's knocking the mine offline again by August 14th and is forcing a downward revision to annual guidance.

8:17Casaronis' 2026 copper production guidance has been cut from 130 ,000 to 140 ,000 tons, now to 120 ,000 to 130 ,000 tons, with cash costs revised up to$2.15 to$2.35 per pound. Full power restoration is expected by week's end, with a gradual ramp-up to follow. London Mining Trades on the TSX as LUN and on the NASDAQ stock home with LUMI. All right, that's a wrap here this morning on the Morning Briefing. 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 at clearcommodity.net. Have a wonderful day, everybody.

9:02Talk to you soon. Be well. 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.