Precious Metals

Mercuria Commits AUD 40M Prepayment for Mount Morgan Gold Restart

Mercuria Commits AUD 40M Prepayment for Mount Morgan Gold Restart

Geneva – October 14, 2026 -- Mercuria Group has agreed to a AUD 40,000,000 prepayment to Heritage Minerals, securing offtake rights to the first 210,000 ounces of gold in doré produced at the Mount Morgan mine in Queensland, Australia.

Mercuria locks in four years of Mount Morgan doré output

The offtake runs over a period of 4 years. Production is due to commence in Q4 2026, which makes the facility a financing bridge into the mine's restart of operations.

The prepayment and offtake structure ties Mercuria's capital directly to physical gold deliveries from the site. The source does not disclose pricing terms, repayment mechanics or the pace of ramp-up.

Hycroft Hits Record 30.49 g/t Gold Over 19.6m at Vortex

Hycroft Hits Record 30.49 g/t Gold Over 19.6m at Vortex

Winnemucca – October 13, 2026 -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) drilled 19.6 meters grading 30.49 g/t gold and 1,726.72 g/t silver at its Vortex system in Nevada, the best hole in the company's more than 40-year history and the highest gold grades ever reported at Hycroft.

Hole H26D-6175A includes a 1.7-meter interval at 347.07 g/t gold

The high-grade core of the intercept returned 347.07 g/t gold and 9,526.36 g/t silver over 1.7 meters, with visible gold present. The result also marks the highest silver grades ever drilled at Vortex. The hole came from the 2025-2026 Exploration Drill Program.

H26D-6175A also intersected significant intervals of gold and silver mineralization along the full length of the hole, adding to mineralization within the resource.