Cygnus Metals has initiated an intensive exploration program at its Chibougamau Copper-Gold Project in Quebec, focusing on resource growth through brownfields drilling at Cedar Bay and Golden Eye, and discovery potential at Joe Mann and Gwillim prospects. The company grew its resource by 29% last year and aims to continue expansion with DHEM surveys, IP geophysics, and drilling campaigns, supported by JV partner Alamos Gold at Gwillim.

Cygnus Metals has launched an extensive drilling and geophysical survey program at its Chibougamau copper-gold project in Quebec to expand known mineralization and identify new prospects. The company is conducting downhole electromagnetic surveys at Cedar Bay, drilling at Golden Eye to test extensions, and planning exploration at Joe Mann and Gwillim prospects, with Gwillim drilling to be 50% co-financed by joint venture partner Alamos Gold. The company achieved a 29% resource increase last year and aims to continue resource growth through this strategic exploration initiative.

Precore Gold has accelerated its acquisition of the Lac Big-Rush Gold Property in Quebec's Chibougamau mining camp, completing 100% ownership immediately rather than over the original 3-year period. The company now owns 49 claims (2,712 hectares) in the region. The acquisition was completed for $20,000 in cash and 250,000 common shares, with the vendor retaining a 2% Net Smelter Royalty. The property is strategically positioned near Iamgold's Croteau Project and benefits from recent sector consolidation activity in the prolific mining camp.

Ten large-cap stocks were top performers last week, led by precious metals and semiconductor companies. Hecla Mining gained 29.31% amid geopolitical tensions and weakening US dollar, while First Majestic Silver rose 26.57%. Moderna jumped 17.44% following positive cancer vaccine trial data. Micron Technology gained 13.21% after analyst coverage initiation. Other gainers included Venture Global (21.6%), New Gold (24.03%), Coeur Mining (23.13%), Korea Electric Power (15.29%), and United Microelectronics (13.82%).

Iamgold shares surged 15.49% after announcing record gold production of 765,900 ounces in 2025 across all major mining sites. The rally was fueled by record quarterly production and soaring gold prices above $4,700 per ounce. The company forecasts 720,000 to 820,000 ounces of production in 2026 with cash costs of $1,425-$1,575 per ounce, expecting record revenue when reporting final results on February 17.

Cygnus Metals has identified two high-priority gold prospects (Gwillim and Joe Mann) within its Chibougamau copper-gold project in Quebec, featuring significant high-grade intersections. Drilling is set to resume at the Golden Eye deposit this month to test extensions beneath current resources. The company aims to grow its resource base as part of its 2026 strategy.

Cygnus Metals has identified two high-priority gold prospects—Gwillim and Joe Mann—at its Chibougamau Copper-Gold Project in Quebec, with plans to resume drilling in Q2 2026. The Gwillim prospect has returned high-grade intersections up to 38.1g/t Au, while Joe Mann, a historic mine that produced 1.2Moz, shows significant near-surface potential with intersections up to 480.2g/t Au. Drilling is also set to resume at the Golden Eye deposit to test extensions below the current resource.

Prague-based Pale Fire Capital SE increased its IAMGOLD stake by 2.61 million shares in Q3, bringing its total holding to 3.93 million shares worth $50.83 million. The purchase signals investor conviction in IAMGOLD's operational turnaround and improved fundamentals, despite the stock's 242% rally over the past year. The company's shift from survival to execution, combined with a stronger balance sheet and diversified asset base, suggests the market is still recalibrating its valuation.

Summit Royalties Ltd. completed a reverse takeover transaction with Eagle Royalties Ltd., creating a new junior royalties company focused on precious metal royalty and mineral streaming interests, with shares expected to trade on the TSX Venture Exchange.

Hedge fund manager John Paulson gained approximately $72 million from Trilogy Metals stock after the Trump administration invested $35.6 million, with the stock surging over 257% in value.

Gold prices have surged 30.7% this year as geopolitical tensions between the U.S., China, and Russia have fueled a rush to the 'safe haven' precious metal. Gold mining stocks have outperformed, with Iamgold, Gold Fields, and Fortuna Mining rallying significantly on Monday.

Iamgold's shares fell over 4% after its Q1 revenue missed expectations despite a production increase. Investors reacted to the weaker-than-expected sales, while the company maintained strong full-year guidance and cash flow.