Metallic Minerals Triples Yukon Gold Royalty Operations for 2026 Production Season

Metallic Minerals announced it is expanding its Yukon alluvial gold royalty operations from a single operation to three operations mobilizing for the 2026 production season: Australia Creek, Dominion Creek, and South Keno/Granite Creek. The company has generated over C$1.1 million in cumulative royalty gold value since production began in 2023, with 2025 marking the largest annual production year. Recent reverse‑circulation drilling at Granite Creek confirmed significant gold‑bearing alluvial horizons (all seven holes returned visible gold, average thickness 14.8 meters). The royalty model relies on experienced Yukon operators funding and conducting mining, while Metallic retains a 10–15% royalty. CEO Greg Johnson described the move as building an “unusual” royalty production business alongside district‑scale copper and silver hard‑rock exploration assets.

The announcement is positive but entirely in line with previous guidance. In October and December 2025, the company repeatedly flagged record 2025 royalty revenue from Australia Creek, new test‑mining at Dominion Creek, and drilling at South Keno. Tripling the number of active operations for 2026 is the logical execution of those plans. No new production or revenue numbers were provided, and the cumulative C$1.1 million since 2023 underscores the still‑small scale of the royalty stream relative to the company’s C$70 million market cap. The news does not change the fundamental risk profile; it is an incremental, expected step that modestly advances the royalty segment but does not alter the value of the hard‑rock projects. Thus, materiality is routine:

Metallic Minerals Corp. is a junior exploration and development company with two district‑scale hard‑rock assets – the La Plata copper‑silver‑PGE‑gold project in Colorado, USA, and the Keno Silver project in Yukon, Canada – complemented by an alluvial gold royalty portfolio in the historic Klondike goldfields. Flagship La Plata hosts an Inferred resource of 181.4 Mt at 0.36% CuEq (1,307 Mlb Cu, 17 Moz Ag, and 272 koz Pt‑Pd‑Au). Keno Silver holds an Inferred 18.2 Moz AgEq at 223 g/t AgEq across four deposits. The company’s strategy combines royalty‑based near‑term cash flow with long‑term exploration upside from copper, silver, and critical minerals.