Mike Burke, VP of Corporate Development for Sitka Gold, joined MSD during the Roundup Conference this week to discuss the exploration success of the company at its RC Gold project in Yukon. Mike has known about this project for many years. He shares the story of how it is now getting the attention it deserves and what the strategy is for 2026 while new results from the previous campaign continue to flow into the market.

CEO Greg McCunn explains why Great Pacific Gold isn’t rushing toward production. Instead, the company is focused on demonstrating multi-million-ounce potential at Wild Dog—believing scale first creates the most value for shareholders in a market crowded with marginal projects.

John Black, CEO of both Regulus Resources and Aldebaran Resources, provides his corporate update for both companies. John provides some insights into the current due diligence happening with AntaKori. He also provides insights into the work being done at the Altar Project this exploration season.

Tudor Gold President Joe Ovsenek breaks down the company’s updated resource estimate and explains why higher NSR cutoffs matter. The discussion focuses on shaping a manageable underground mine plan, targeting roughly 300,000 ounces per year, and advancing the project on a timeline a junior can realistically execute.

Michael McCrae fills in for Trevor Hall to host today's briefing while Trevor attends the AME Roundup. Today is Thursday, January 29, and markets are seeing historic volatility. News covered today:

• Borealis Mining (TSX-V: BOGO) announced the first production blast at its Borealis Gold Mine in Nevada as it moves toward its goal of becoming a mid-tier producer.

• Hecla Mining (NYSE: HL) produced 17.0 million ounces of silver in 2025, hitting the top end of its guidance, though shares traded down following the release of forward-looking estimates.

• K92 Mining (TSX: KNT) provided guidance for 2026, projecting production to increase to between 190,000 and 225,000 ounces gold equivalent.

• Critical Minerals Policy: Reuters reports that the Trump administration informed executives it is stepping back from plans to guarantee minimum prices for US critical minerals projects.

• Vizsla Silver (TSX: VZLA) has temporarily suspended certain activities .

• Cartier Resources (TSX-V: ECR) filed an updated technical report for the Cadillac Project in Quebec that outlines a 48% increase in inferred gold resources.

• Minera Alamos (TSX-V: MAI) announced that a subsidiary of Equinox Gold agreed to sell a large block of shares to strategic investors for approximately C$56.1 million.

Today’s Sponsor:

Revival Gold is one of the largest pure gold mine developers 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.

With gold at all-time highs, Scorpio Gold is pushing an aggressive drill strategy across its Nevada district. CEO Zane Kalyan explains how three active rigs, rapid assay cadence, and disciplined capital allocation are helping the company stand out in a crowded market environment.

Cameron Tymstra, CEO of Targa Exploration, discusses the recent discovery made at the Opinaca Project. Drilling returned 13.88g/t Au Over 3.65m in its first campagin. Cameron discusses follow up on the result and also leveraging projects in Argentina this year.

Mike McCrae joins Eminent Gold CEO, Dan McCoy, and Strategic Advisor, Ivan Bebek for an introduction of the company and their Hot Springs Range Project in Nevada. A discovery at the project has recently been made with with follow up work starting to be relayed to the market.

Live from VRIC 2026, CEO Terry Harbort breaks down Talisker’s transition from single-mine producer to multi-asset operator. The conversation covers underground development, resource conversion, and how Mustang and Olympus will operate in parallel to establish a scalable, district-level production platform in British Columbia.

In today's morning briefing, we rounded up resource news for January 28:

• Gold continues its march. The metal traded reached a high of $5,345 this morning. Gold has gained 22% this year.
• Skeena Resources has received its British Columbia Mines Act permit for the 100%-owned Eskay Creek gold-silver project in northwestern B.C.
• Scottie Resources reported strong new drill results from its 2025 program at the Blueberry Contact Zone.
• K2 Gold announced a non-brokered private placement to raise up to C$15 million.

Today's Morning Briefing is sponsored by Equinox Gold. The company has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at ⁠⁠⁠⁠⁠⁠equinoxgold.com⁠⁠⁠⁠⁠⁠