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Lindsey Vonn reveals amputation was in play after crash at Olympics

Sport 7 Mins Read

Lindsey Vonn revealed she could have lost her leg as the result of her crash in the downhill at the Milano Cortina Olympics.

In an Instagram post Monday, Feb. 23, Vonn detailed injuries that were far more extensive than initially known. In addition to the complex tibial fracture in her left leg, Vonn said she had a tibial plateau fracture and fractured fibular head. She also broke her right ankle.

Vonn also had compartment syndrome, and said that was what posed the greatest threat.

‘Compartment syndrome is when you have so much trauma to one area of your body, that there’s too much blood, and it gets stuck, and it basically crushes everything in the compartment,’ Vonn said ‘All the muscle and nerves and tendons, it all kind of dies. And Dr. Tom Hackett saved my leg. He saved my leg from being amputated.’

Excessive pressure building up inside a muscle, either from bleeding or swelling, causes compartment syndrome. The pressure restricts blood flow and can lead to permanent injury if not treated quickly.

Vonn said Hackett, her longtime orthopedic surgeon, was in Cortina to watch her compete at her fifth Olympics. He conducted a fasciotomy to save her leg when she was hospitalized in Italy.

‘He filleted it open (and) let it breathe, and he saved me,’ she said.

Vonn also announced that she’s out of the hospital.

She was hospitalized in Italy for a little over a week before being transferred to a hospital in Colorado. She has had five surgeries since the Feb. 8 crash, including one last week after she returned to the United States that lasted more than six hours.

Vonn said she will focus on rehab and hopes to get on crutches in a few weeks. She said she will probably be on crutches for about two months, but it will take much longer before she is healed completely.

‘It will take around a year for all of the bones to heal,’ Vonn said, ‘and then I will decide if I want to take out all the metal or not, and then go back into surgery and finally fix my ACL.’

Vonn said all of the surgeries have caused an enormous amount of pain, and also required her to have a blood transfusion. She said Team USA’s performance at the 2026 Winter Olympics has helped bring her joy during this difficult time.

‘It’s been really hard … it was definitely not the way I wanted to end my Olympics,’ Vonn said. ‘But it’s been really inspiring to watch my teammates. Everyone’s just been incredible, and watching Team USA dominate has been really uplifting.

‘I always fight, I’ll keep going. No regrets. And, I just appreciate all the love and support. It’s been really amazing.’

What happened to Lindsey Vonn?

Vonn hooked the fourth gate with her right arm, which sent her spinning and hurtling into the hard, packed snow. She tumbled end over end several times before coming to a stop.

‘Things just happen so quick in this sport,’ U.S. teammate Bella Wright said after the race. ‘It looked like Lindsey had incredible speed out of that turn, and she hooked her arm and it’s just over just like that.’

The three-time Olympic medalist remained prone in the snow, and she could be heard wailing in pain. The gasps and groans from fans faded into shocked silence as medics worked on her. Vonn remained on the course for approximately 13 minutes before being loaded into a helicopter.

What is Lindsey Vonn’s injury?

In an Instagram post on Feb. 9, Vonn shared the devastating news that she suffered a complex tibia fracture that will require multiple surgeries. The 41-year-old updated fans Feb. 11 after a third surgery in Italy and included some gruesome photos of her progress. Upon returning to the United States on Feb. 17, Vonn shared that her injury was ‘a lot more severe than just a broken leg.’

‘I’m still wrapping my head around it, what it means and the road ahead,’ Vonn wrote. ‘But I’m going to give you more detail in the coming days.’

A tibia fracture is a break in the shin bone that is an emergency needing immediate treatment. ‘Your tibias are some of the strongest bones in your body. It usually takes a lot of force to break one,’ according to the Cleveland Clinic. ‘You probably won’t be able to stand, walk or put weight on your leg if you have a broken shin bone.’

A complex fracture involves multiple breaks in a bone and damaged soft tissue, according Yale Medicine. Symptoms include extreme pain, numbness and, sometimes, a bone that protrudes through the skin. Treatment involves stabilization and surgery.

Lindsey Vonn crash video

NBC broadcasts the Olympics and posted video of Vonn’s crash.

USA TODAY Sports’ Samantha Cardona-Norberg breaks down Linsdey Vonn’s crash just after it happened.

Fans went silent as soon as Vonn crash, reacting with shock, grief and later support as the helicopter lifted her into the sky. USA TODAY Sports talked to some fans after the crash.

Is Lindsey Vonn OK?

Vonn was in obvious pain after the crash, but she was moving her arms, head and neck.

About 18 minutes after the crash, the helicopter slowly began flying toward Cortina. ‘Let’s let Lindsey Vonn hear us!’ the American announcer said as the chopper flew away with her, and the crowd cheered and applauded.

Vonn’s sister Karin Kildow was at the course today for the downhill and spoke to NBC reporters during their live broadcast: ‘I mean that definitely was the last thing we wanted to see and it happened quick and when that happens, you’re just immediately hoping she’s OK. And it was scary because when you start to see the stretchers being put out, it’s not a good sign,’ Kildow said. ‘But she really … She just dared greatly and she put it all out there. So it’s really hard to see, but we just really hope she’s OK.

‘She does have all of her surgeons and her PT staff here and her doctors, so I’m sure they’ll give us a report and we’ll meet her at whatever hospital she’s at.’

Lindsey Vonn torn ACL

It was the second time in as many weeks Vonn left a mountaintop on a chopper. She fully ruptured her left ACL, sustaining meniscus damage and bone bruising, in a downhill crash on Jan. 30, in the final World Cup event prior to the start of the Olympics.

Vonn is also skiing with a partial replacement of her right knee. She had dominated the sport before the crash, making the podium in all five downhill races this season and winning two of them.

Despite the latest injury, Vonn was determined to race at her fifth and final Olympics. She said her knee felt stable and strong, and she had spent the last week doing intense rehab, pool workouts, weight lifting and plyometrics. She skied both training runs, posting the third-fastest time in the second run before it was canceled because of fog and snow.

Vonn is 41 and was skiing in her fifth Winter Olympics (2002, 2006, 2010, 2018, 2026). She has won three Olympic medals (1 gold, 2 bronze).

This post appeared first on USA TODAY

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Sport

WNBA, player meet virtually to discuss CBA as 2026 season hangs in balance

Sport 5 Mins Read

The WNBA and WNBPA met Monday in a virtually, as the start to the 2026 season quickly approaches, two people with knowledge of the situation told USA TODAY Sports. The sources spoke on condition of anonymity because they’re not authorized to speak publicly about ongoing negotiations.

The virtual meeting was the first meeting between the league and the players’ union since it met for nearly three hours on Feb 2. On the call were more than 50 WNBA players, including the entire WNBPA executive committee, along with league staff, the labor relations committee and owners as CBA negotiations continue.

The WNBA shared said a term sheet for a new CBA must be completed by March 10, one source said, to avoid a delay in the start of the 2026 season. Opening day is scheduled for May 8.

It’s worth noting even if an agreement is reached by the March 10 deadline, it could take several weeks to ratify the deal. Additionally, the expansion drafts for the Portland Fire and Toronto Tempo need to be held along with free agency and the 2026 WNBA Draft before the season can start.

Revenue sharing for 2025 season

The latest CBA negotiations development comes on the heels of the WNBPA revealing, for the first time in league history, in 2025, the WNBA reportedly generated enough revenue to share it with its players. The union says the WNBA’s 13 teams are set to receive $8 million total from the league to share with players.

Last season, the players’ portion of shared revenue reportedly equaled $16 million. From that sum, $8 million is set to be paid to players who were active in 2025. The 2020 CBA mandates that the other $8 million is allocated to league marketing agreements. Per the report, it’s not immediately clear what amount of revenue was generated by the league or the financial number required to trigger the sharing.

The WNBPA also recently revealed that $9.25 million generated since 2020 will go to players from jersey sales, trading cards, video games and other merchandise.

Latest WNBA proposal on housing

The WNBPA’s revelation also comes just days after, on Feb. 20, the WNBA sent a counterproposal to the players’ union after receiving the WNBPA’s latest offer for a new collective bargaining agreement on Feb. 17, a person with knowledge of the situation told USA TODAY Sports. The person spoke on condition of anonymity because they’re not authorized to speak publicly about ongoing negotiations.

In the Feb. 20 counter, the WNBA agreed to provide housing for all players in this first year of the agreement, this season. After 2026, players making the minimum salary and with zero years of service would get one-bedroom apartments in 2027 and 2028. Developmental players would be given studio apartments for the full six seasons of the deal, which would end in 2031.

WNBA teams have provided player housing since the first CBA in 1999. Teams could provide a one-bedroom apartment or stipend in the last CBA.

Revenue sharing and salary cap

While the two sides may be getting closer on the housing issue, salary cap and revenue sharing are still big issues. There have been ‘no movements’ from the league on either, the person with knowledge of the situation said. Additionally, there have also been ‘no movements’ on items such as the season start date, number of games, rookie scale contract length or salary protections.

On Feb. 17, the WNBPA requested 25% of gross revenue in the first year, increasing over the life of the agreement to an average of roughly 27.5%. The union also proposed a salary cap of less than $9.5 million. The WNBA is currently offering more than 70% of league and team net revenue and proposing a salary cap of $5.65 million per year, rising with league revenues.

The WNBA offer continues to include a maximum $1 million base salary, with a projected revenue-sharing component that raises players’ max total earnings to more than $1.3 million in 2026. The league’s maximum salary would grow to nearly $2 million over the life of the agreement, which would end in 2031. The minimum salary would be more than $250,000 and average salary more than $530,000.

A person with knowledge of the situation told USA TODAY Sports there is a sense of urgency from the players’ union, but the WNBPA does not feel the WNBA is acting with urgency. According to the person, the latest proposal from the league felt ‘baffling,’ given comments from NBA commissioner Adam Silver.

‘What I would love to do is put pressure on everyone,’ Silver said during NBA All-Star Weekend.

‘I want to play whatever role would be most productive in getting a deal done. We need to now move toward the next level of sense of urgency and not lose momentum in terms of the amazing amount of progress we’ve seen in women’s basketball.’

This post appeared first on USA TODAY

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Sport

Winter Olympics ratings up 96% from 2022, most viewed in 12 years

Sport 2 Mins Read

It’s looking like NBC won gold with their coverage of this year’s Winter Olympics.

The network averaged 23.5 million viewers throughout the two-plus week competition across all platforms, it announced in a press release on Feb. 23. The final numbers are still coming in but if they hold, that would make Milano Cortina the most-viewed Winter Games since 2014 in Sochi, and a 96% increase in viewership from 2022.

NBCUniversal’s figures come from Nielsen Big Data + Panel reach metrics through Feb. 19 and preliminary Nielsen and Adobe Analytics over final three days of competition. Final data will be available later in the week.

‘The Milan Cortina Olympics proved once again that the American audience will gather in large numbers over 17 days to experience this unmatched global competition,’ NBC Olympics president Gary Zenkel said in a statement. ‘These Winter Games — superbly hosted across northern Italy, and produced and distributed by a team of 2,700 — reached blockbuster U.S. audiences of more than 50 million viewers each day, continuing the media dominance we experienced less than two years ago at the Paris Olympics.

According to the network, the opening ceremony on Feb. 2 itself was the most watched in 12 years. All 15 competition days reached over 20 million viewers, and the total audience delivery (TAD) — a metric used to measure a total number of viewers across all platforms — of both the live U.S. daytime broadcast, ‘Milan Prime’ and primetime broadcast, ‘Primetime in Milan’ posted 3.3 million total viewers across Peacock and NBCU Digital platforms.

Milwaukee was the market with the highest ratings share throughout the Olympics. Minneapolis, Fort Myers (Florida), Pittsburgh and Dayton (Ohio) rounded out the top five.

‘We can’t wait for the return of the Olympics to the United States with the Summer Olympics in Los Angeles in 2028 and are ecstatic to be the U.S. media home of five Olympic Games over the next decade,” NBC wrote in its release.

This post appeared first on USA TODAY

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Investing

Cygnus targets resource growth with start of new drilling and geophysics programs

Investing 14 Mins Read

Chibougamau Copper-Gold Project, Canada

HIGHLIGHTS:

  • Cygnus sets up value drivers for 2026 with exploration and resource growth a high priority
  • At Cedar Bay, Downhole Electromagnetics (‘DHEM’) is in progress to identify follow-up targets from recent intersections1 such as:
    • 28.9m at 2.5g/t AuEq (1.0g/t Au, 1.0% Cu & 12.0g/t Ag) (CDR-25-16)
    • 10.6m at 4.1g/t AuEq (3.6g/t Au, 0.3% Cu & 2.8g/t Ag) (CDR-25-11W1)
  • This is the first time DHEM is being used at Cedar Bay in over 20 years
  • Drilling has started at Golden Eye to test extensions below the current resource, which stands at 0.5Mt at 5.6g/t AuEq for 91koz AuEq (Indicated) and 1.2Mt at 4.6g/t AuEq for 182koz AuEq (Inferred)2
  • At Joe Mann, a detailed Induced Polarisation (‘IP’) survey is underway to identify walk-up drill targets analogous to IAMGOLD’s Nelligan Complex deposits which contain 4.3Moz Au (M&I) and 7.5Moz Au (Inferred)3 located just 10km west of Joe Mann
  • Permits are being submitted for the Gwillim prospect for drilling in the coming quarter; This will co-funded by 50% JV partner Alamos Gold, which has a market capitalisation of ~C$25B. Initial targets will follow up historic intersections4 of:
    • 7.6m @ 38.1g/t Au from 314.9m (87-KOD-18);
    • 15.2m @ 9.4g/t Au from 155.1m (87-KOD-1); and
    • 16.4m @ 8.3g/t Au from 168.3m (87-KOD-10).
  • Cygnus believes there is significant potential to continue growing the Chibougamau resource, which stands at 6.4Mt at 3% CuEq for 193kt CuEq (M&I) and 8.5Mt at 3.5% CuEq for 295kt CuEq (Inferred)2

Cygnus Executive Chairman David Southam said: ‘There is overwhelming evidence which points to the potential for substantial resource growth at Chibougamau. The resources remain open in many places and we have a pipeline of compelling targets to test.

‘We have devised an extensive program of drilling and geophysics to unlock this upside. This will include brownfields drilling as well as testing new targets. After growing the resource by 29 per cent last year, we are confident that our exploration strategy will deliver more strong results and create more value for shareholders.

‘We are now drilling at Golden Eye and Cedar Bay, which provide substantial resource upside.

‘Joe Mann and Gwillim have excellent discovery potential and have been materially overlooked for the last 20 years. With this potential and the current gold price we are excited to commence exploration on these targets’.

Cygnus Metals Limited (ASX: CY5; TSXV: CYG,OTC:CYGGF; OTCQB: CYGGF) (‘Cygnus’ or the ‘Company’) is pleased to announce the start of extensive exploration programs aimed at growing the resources at its Chibougamau Copper-Gold Project in Quebec.

Resource growth and discovery remain a key pillar of Cygnus’ growth strategy as the Company continues to unlock the Chibougamau district. A key focus is brownfields exploration, including extensions to deposits such as Cedar Bay and Golden Eye.

At Cedar Bay, Downhole Electromagnetics (‘DHEM’) is in progress to define follow up drill targets from recent exploration drilling1 which returned:

  • 28.9m at 2.5g/t AuEq (1.0g/t Au, 1.0% Cu & 12.0g/t Ag) (CDR-25-16)
  • 10.6m at 4.1g/t AuEq (3.6g/t Au, 0.3% Cu & 2.8g/t Ag) (CDR-25-11W1)

Recent drilling successfully demonstrated extensions to the current resource at Cedar Bay of 0.3Mt at 8.1g/t AuEq for 67koz (M&I) and 0.8Mt at 7.8g/t AuEq for 205koz (Inferred).2 DHEM aims to define resource extensions as well as identifying high grade shoots which are typically associated with semi massive sulphides. This will be the first time DHEM is being used at Cedar Bay in over 20 years, presenting a huge opportunity for Cygnus.

At Golden Eye, drilling has commenced with three rigs to grow the Indicated Resource and extend the resource below the currently defined depth of just 450m. Golden Eye was a new resource defined by Cygnus last year of 0.5Mt at 5.6g/t AuEq for 91koz (Indicated) and of 1.2Mt at 4.6g/t AuEq for 182koz (Inferred)2 and remains open at depth with one of the deepest intersections5 from last year of:

  • 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu & 3.3g/t Ag) from 463.8m (LDR-25-08)

The Company also has a strong focus on defining new resources and making discoveries. Two key areas identified as high priority are gold targets Joe Mann and Gwillim.

At Joe Mann, the Company has commenced a detailed Induced Polarisation (‘IP’) survey along major structures to identify walk-up drill targets for Q2 this year. Cygnus is targeting analogous mineralisation to IAMGOLD’s Nelligan Complex, which is located just 10km west of the project and contains 4.3Moz Au (M&I) and 7.5Moz Au (Inferred).3

This survey will help to generate further drill targets in addition to some of the high-grade historic intersections which also require follow up.4 These include:

  • 0.7m @ 480.2g/t Au from 92.3m (H-118);
  • 3.8m @ 20.8g/t Au from 287.2m (H-214); and
  • 8.4m @ 6.3g/t Au from 175.6m (H-374).

At Gwillim, permits are underway for drilling to commence in the coming quarter. Drilling at Gwillim will be co-funded by 50% JV partner Alamos Gold, which has a market capitalisation of ~C$25B. Gwillim is just 12km from the Chibougamau processing facility and has high potential for defining new resources. Initial drilling will focus on following up high-grade historic intersections4 such as:

  • 7.6m @ 38.1g/t Au from 314.9m (87-KOD-18);
  • 15.2m @ 9.4g/t Au from 155.1m (87-KOD-1); and
  • 16.4m @ 8.3g/t Au from 168.3m (87-KOD-10).

The Chibougamau area has well-established infrastructure, giving the Project a significant headstart as a copper-gold development opportunity. This infrastructure includes a 900,000tpa processing facility, local mining town, sealed highway, airport, regional rail infrastructure and 25kV hydro power to the processing site. Significantly, the Chibougamau processing facility is the only processing facility within a 250km radius.

Figure 1: Exploration progressing across mutiple fronts with a focus on both resource extensions and discovery

Figure 2: Joe Mann IP survey covering key structures from IAMGOLD’s major deposits Nelligan and Phillibert3

This announcement has been authorised for release by the Board of Directors of Cygnus.

David Southam
Executive Chair
T: +61 8 6118 1627
E: info@cygnusmetals.com 		Nicholas Kwong
President & CEO
T: +1 647 921 0501
E: info@cygnusmetals.com 		Media:
Paul Armstrong
Read Corporate
T: +61 8 9388 1474


About Cygnus Metals

Cygnus Metals Limited (ASX: CY5, TSXV: CYG,OTC:CYGGF, OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

Forward Looking Statements

This release may contain certain forward-looking statements and projections regarding estimates, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond Cygnus’ control. Cygnus makes no representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projections based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this release has been prepared in good faith, neither Cygnus or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this release. Accordingly, to the maximum extent permitted by law, none of Cygnus, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this release or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this release.

End Notes

  1. Refer to Cygnus’ ASX announcements dated 30 October 2025 and 8 December 2025.
  2. Refer to Cygnus’ ASX announcement dated 17 September 2025 and subsequent technical report dated 31 October 2025 titled ‘NI 43-101 Technical Report Chibougamau Hub and Spoke Complex, Québec, Canada’ prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’) and the Joint Ore Reserves Committee (JORC) Code (2012 Edition).
  3. Refer to IAMGOLD’s news release dated 17 February 2026.
  4. Refer to Cygnus’ ASX announcement dated 20 January 2026.
  5. Refer to Cygnus’ ASX announcement dated 8 May 2025.

Qualified Persons and Compliance Statements

The scientific and technical information in this announcement has been reviewed and approved by Mr Louis Beaupre, the Quebec Exploration Manager of Cygnus, a ‘qualified person’ as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

The information in this release that relates to the Mineral Resource Estimate for the Chibougamau Project reported in accordance with the JORC Code (2012 Edition) and NI 43-101 was released by Cygnus in an announcement titled ‘Major Resource Update’ released to the ASX on 17 September 2025 and subsequent technical report dated 31 October 2025 titled ‘NI 43-101 Technical Report Chibougamau Hub and Spoke Complex, Québec, Canada’ prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’) and the JORC Code (2012 Edition). Details of the Mineral Resource Estimate are included in Appendix A.

The information in this announcement that relates to previously reported Exploration Results at the Company’s projects has been previously released by Cygnus in ASX Announcements as noted in the End Notes.

Individual grades for the metals included in the metal equivalents calculations for the Mineral Resource Estimate, as well as the price assumptions, metallurgical recoveries and metal equivalent calculations themselves, are in Appendix A of this release. Individual grades for the metals included in the metal equivalents calculation for the exploration results are in the original market announcements. Metal equivalents for exploration results have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz and silver price of US$25/oz, with copper equivalents calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.77258)+(Ag(g/t) x 0.00822). Metallurgical recovery factors have been applied to the copper equivalents calculations for the exploration results, with copper metallurgical recovery assumed at 95% and gold metallurgical recovery assumed at 85% based upon historical production at the Chibougamau Processing Facility, and the metallurgical results contained in Cygnus’ announcement dated 28 January 2025. It is the Company’s view that all elements in the copper and gold equivalent calculations have a reasonable potential to be recovered and sold.

Cygnus is not aware of any new information or data that materially affects the information in these announcements, and in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

APPENDIX A – Mineral Resource Estimate for the Chibougamau Project as at 17 September 2025

Cu
Project		 Classification COG
CuEq		 Tonnage Average Grade Contained Metal
Cu Au Ag CuEq AuEq Cu Au Ag CuEq AuEq
% Mt % g/t g/t % g/t kt koz koz kt koz
Corner Bay Indicated 1.2 4.9 2.5 0.3 8.4 2.8 4.1 124 43 1,316 137 638
Inferred 5.4 2.7 0.2 8.9 3.0 4.3 146 41 1,543 159 744
Devlin Measured 1.5 0.1 2.7 0.3 0.5 2.9 4.7 4 1 2 4 19
Indicated 0.6 2.0 0.2 0.2 2.1 3.4 13 4 5 13 69
M&I 0.8 2.1 0.2 0.3 2.3 3.6 16 5 7 17 88
Inferred 0.3 2.0 0.2 0.3 2.1 3.4 7 2 3 7 36
Joe Mann Inferred 2.0 0.7 0.2 6.0 – 4.6 6.3 2 143 – 34 151
Cedar Bay Indicated 1.8 0.3 1.6 6.0 9.9 6.4 8.1 4 50 82 16 67
Inferred 0.8 2.0 5.1 11.8 6.1 7.8 17 134 309 50 205
Golden Eye Indicated 0.5 1.0 4.3 9.9 4.4 5.6 5 69 161 22 91
Inferred 1.2 0.9 3.4 7.9 3.6 4.6 11 134 313 45 182
Project Classification Tonnage Average Grade Contained Metal
Cu Au Ag CuEq AuEq Cu Au Ag CuEq AuEq
Mt % g/t g/t % g/t kt koz koz kt koz
Hub and Spoke Measured 0.1 2.7 0.3 0.5 2.9 4.7 4 1 2 4 19
Indicated 6.3 2.3 0.8 7.8 3.0 4.3 146 166 1,563 189 865
M&I 6.4 2.3 0.8 7.6 3.0 4.3 149 167 1,565 193 884
Inferred 8.5 2.1 1.7 7.9 3.5 4.8 182 454 2,168 295 1,318


Notes:

  1. Cygnus’ Mineral Resource Estimate for the Chibougamau Copper-Gold project, incorporating the Corner Bay, Devlin, Joe Mann, Cedar Bay, and Golden Eye deposits, is reported in accordance with the JORC Code and the Canadian Institute of Mining, Metallurgy and Petroleum (‘CIM’) (2014) definitions in NI 43-101.
  2. Mineral Resources are estimated using a long-term copper price of US$9,370/t, gold price of US$2,400/oz, and silver price of US$30/oz, and a US$/C$ exchange rate of 1:1.35.
  3. Mineral Resources are estimated at a CuEq cut-off grade of 1.2% for Corner Bay and 1.5% CuEq for Devlin. A cut-off grade of 1.8 g/t AuEq was used for Cedar Bay and Golden Eye; and 2.0 g/t AuEq for Joe Mann.
  4. Corner Bay bulk density varies from 2.85 tonnes per cubic metre (t/m3) to 3.02t/m3 for the estimation domains and 2.0 t/m3 for the overburden. At Devlin, bulk density varies from 2.85 t/m3 to 2.90 t/m3. Cedar Bay, Golden Eye, and Joe Mann use a bulk density of 2.90 t/m³ for the estimation domains.
  5. Assumed metallurgical recoveries are as follows: Corner Bay copper is 93%, gold is 78%, and silver is 80%; Devlin copper is 96%, gold is 73%, and silver is 80%; Joe Mann copper is 95%, gold is 84%, and silver is 80%; and Cedar Bay and Golden Eye copper is 91%, gold is 87%, and silver is 80%. 
  6. Assumptions for CuEq and AuEq calculations (set out below) are as follows: Individual metal grades are set out in the table. Commodity prices used: copper price of US$9,370/t, gold price of US$2,400/oz and silver price of US$30/oz. Assumed metallurgical recovery factors: set out above. It is the Company’s view that all elements in the metal equivalent calculations have a reasonable potential to be recovered and sold.
  7. CuEq Calculations are as follows: (A) Corner Bay = grade Cu (%) + 0.68919 * grade Au (g/t) + 0.00884 * grade Ag (g/t) ; (B) Devlin = grade Cu (%) + 0.62517 * grade Au (g/t) + 0.00862 * grade Ag (g/t); (C) Joe Mann = grade Cu (%) + 0.72774* grade Au (g/t); and (D) Golden Eye and Cedar Bay = grade Cu (%) + 0.78730* grade Au (g/t) + 0.00905 * grade Ag (g/t).
  8. AuEq Calculations are as follows: (A) Corner Bay = grade Au (g/t) + 1.45097* grade Cu(%)+0.01282* grade Ag (g/t); (B) Devlin = grade Au (g/t) + 1.59957* grade Cu(%)+0.01379* grade Ag (g/t); (C) Joe Mann = grade Au (g/t) + 1.37411* grade Cu (%); and (D) Cedar Bay and Golden Eye = grade Au (g/t) + 1.27016 * grade Cu (%) + 0.01149 * grade Ag (g/t).
  9. Wireframes were built using an approximate minimum thickness of 2 m at Corner Bay, 1.8 m at Devlin, 1.2 m at Joe Mann, and 1.5 m at Cedar Bay and Golden Eye.
  10. Mineral Resources are constrained by underground reporting shapes.
  11. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
  12. Totals may vary due to rounding.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/9f3d9271-0c1d-4946-b6b7-907187bb4f3a

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Editor’s Picks: Gold, Silver End Week Higher, Experts Share Next Price Targets

Investing 5 Mins Read

Gold and silver prices experienced declines early in the week, but ended higher.

The yellow metal closed the week at US$5,111.88 per ounce, while silver finished at US$84.65 per ounce, buoyed by reignited tariff uncertainty out of the US.

On Friday (February 20), the US Supreme Court stuck down tariffs put in place by President Donald Trump using the International Emergency Economic Powers Act. He quickly responded by announcing a new 10 percent global tariff and then increasing it to 15 percent, ramping up trade tensions.

Earlier in the week, Wednesday (February 18) brought the release of the US Federal Reserve’s latest meeting minutes, which show that although officials largely agreed with the January decision to hold interest rates steady, they aren’t aligned about the path forward as 2026 continues.

What’s received more attention is the Lunar New Year holiday.

Most Asian markets are closed for the occasion, and will reopen next week. I asked Ole Hansen of Saxo Bank about the significance of the closure, and he said that in his view, the more important question is what will happen when they’re back in business next week.

Here’s how he thinks that could play out:

‘I think … if they come back to more or less unchanged prices, they will see that probably as a buying opportunity. Simply — well, they probably hope that they might be able to pick it up cheaper in the absence. But if we can manage to hold these levels, then there could be a positive story building as we as we see China reopen.’

Hansen is bullish on gold this year, saying he sees it reaching US$6,000 in the next 12 months.

But interestingly, he has a different take on silver — he thinks the white metal’s upside could be limited by demand-side factors like substitution and higher supply from scrap material.

‘Gold over time can go to US$10,000, it can go to US$20,000 — it’s a monetary metal, which doesn’t really depend on demand from areas where demand could be negatively impacted with the price.

‘Silver hasn’t got that luxury. And that basically means if gold moves towards US$6,000, I would believe that — I would think that silver, at some point, will struggle to keep up, and we will see basically gold relatively outperform silver. But when that point, when that time comes, I can’t see. Again it’s very unclear, especially given the speculative demand, which can carry on for a while longer.’

I also heard this week from Christopher Aaron of iGold Advisor and Elite Private Placements, who has a much brighter outlook for silver — he said given that the metal has just broken out of a 45 year consolidation period, it still has much further to go:

‘Now that whole process, the 45 year consolidation breakout and now coming back, that is — for a number of people here — that is going to be a once-in-a-lifetime breakout. We’re talking a multi-generational breakout happening in silver right now. And it’s really important to — I mean, the bottom line is this: After 45 years of consolidation, a market doesn’t end just two months after a breakout and then kind of withering and petering out for the next 45 years. Again, that’s not how 45 year breakouts happen when we look back.’

Ultimately Aaron sees US$250 to US$350 as a reasonable price level for silver.

Bullet briefing — TSX Venture 50, BHP/Wheaton deal

Gold, silver dominate TSX Venture 50

The latest TSX Venture 50 list was released on Wednesday, with gold and silver juniors dominating. In fact, of the companies included, only three fall outside the mining sector.

The list ranks TSXV companies’ annual performance by market cap growth, share price performance and Canadian consolidated trading value. Taking the top spot was Santacruz Silver Mining (TSXV:SCZ,NASDAQ:SCZM), which had an impressive share price increase of over 1,100 percent.

As a group, the companies on the list delivered a share price increase of 431 percent.

We’ll have to wait and see whether these types of gains are repeated — or exceeded — in 2026, but the list definitely underscores the strength in gold and silver prices, and shows that their momentum is boosting not just the majors, but also the juniors.

BHP, Wheaton sign streaming deal

On the M&A side, BHP (ASX:BHP,NYSE:BHP,LSE:BHP) has entered into a long-term streaming agreement with Wheaton Precious Metals (TSX:WPM,NYSE:WPM).

Under the deal, which was signed by subsidiaries of BHP and Wheaton, BHP will receive an upfront payment of US$4.3 billion in exchange for the delivery of silver from the Peru-based Antamina mine, plus ongoing payments when metal is delivered. According to BHP, this is the most valuable streaming transaction to date based on upfront consideration received.

Antamina is a joint venture between commodities giants BHP, Glencore (LSE:GLEN,OTCPL:GLCNF), Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) and Mitsubishi (TSE:8058,OTCPL:MSBHF), and Wheaton already has a silver stream in place with Glencore. Once the BHP arrangement closes, Wheaton will receive a combined 67.5 percent of the mine’s silver.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Sport

NCAA hockey power rankings: Michigan State takes top spot

Sport 4 Mins Read

The big story of the week in college hockey? Gavin McKenna’s offensive explosion against Ohio State. The 2026 NHL Draft phenom from Penn State went off for eight points in one game against the Buckeyes, the most in an NCAA men’s game in decades. Then, as an encore, he scored the overtime game-winner the next night to cap off a 10-point weekend.

McKenna has gone through the ringer as a freshman, from the unceasing hype to the world juniors to his ongoing legal saga in Pennsylvania. And yet, he has now turned in a signature performance and still has time to keep that momentum going as the Nittany Lions shoot for another long run at the Frozen Four. He still has competition from the likes of North Dakota defenseman Keaton Verhoeff and others in the draft, but McKenna is certainly trending in the right direction to reclaim that No. 1 overall spot this summer when the NHL convenes in Buffalo.

NCAA hockey power rankings

1. Michigan State Spartans (24-6-0)

They thumped Notre Dame by an aggregate of 12-4 on the weekend, so the Spartans are the new No. 1, surpassing the rival Wolverines. Porter Martone (PHI) is on a seven-game heater, notching 14 points during that span. Elsewhere, defenseman Maxim Strbak (BUF) has points in three straight.

2. Michigan Wolverines (25-6-1)

Dropping a game against Wisconsin puts the Wolverines in second this week, though they did get revenge on the Badgers in the rematch. Michigan is still being paced by Michael Hage (MTL) and coveted free agent T.J. Hughes up front, so this is a team that is not to be trifled with come playoff time.

3. North Dakota Fighting Hawks (24-7-1)

The Hawks lost in a shootout to St. Cloud State before winning the rubber match with the Huskies, but this is still a top-tier outfit. Big free-agent center Ellis Rickwood has surged to the team lead in scoring thanks to a run that has seen him score six points in his past three games. Ben Strinden (NSH) is now second on the team.

4. Providence College Friars (21-8-2)

The Friars are taking care of business, sweeping Vermont this weekend. They’ve won nine of their past 10 and really seem to be peaking at the right time. Freshman goalie Jack Parsons has been good when the Friars needed him to step up, while Roger McQueen (ANA) continues to lead the team in points.

5. Boston College Eagles (19-10-1)

Sweeping UConn was huge for the Eagles, who may have just figured this season out in time. James Hagens (BOS) has been on an absolute tear with nine points in his past five games while Dean Letourneau (BOS) has six himself during that span. The Eagles get archrival Boston U. next and that will be a critical test.

6. Penn State Nittany Lions (20-9-1)

Obviously the story of the weekend was McKenna, but this was just the latest in what has been a fascinating season for Penn State. Are the Nittany Lions contenders? Are they on a second tier? They’ve got doormat Notre Dame next, so we could see a couple more blowouts, but Wisconsin ends their regular-season schedule and that will be a test.

7. Western Michigan Broncos (23-8-1)

Unbeaten in five, the Broncos end their regular-season schedule with a battle of the titans against North Dakota. Truly, the top teams in the NCHC won’t be satisfied until the Frozen Four, but the defending champs from Western Michigan are putting themselves in a good spot. Goalie Hampton Slukynsky (LA) hasn’t given up more than two goals in a game his past five starts.

8. Quinnipiac Bobcats (25-6-3)

The Bobcats got blown out by Cornell, then rebounded by beating Colgate the next day. Quinnipiac should be one of the top teams in the national tournament, but it won’t be a walk in the park. Ethan Wyttenbach (CGY) is up to 54 points in 34 games, but he was shut out by the Big Red in that loss.

9. Cornell Big Red (18-8-1)

After beating Quinnipiac, Cornell dropped their second game of the weekend to Princeton. Talk about an emotional letdown. But the Big Red still look like the team you don’t want to face in a playoff bracket. Jonathan Castagna (UTA) continues to pace the offense with 31 points in 27 games.

10. Denver Pioneers (19-11-3)

Unbeaten in seven, Denver is getting hot right when it counts. And based on the experience of coach David Carle and many of his players, don’t count out Denver when it comes to the national championship picture. Freshman goaltender Johnny Hicks has given the Pioneers excellent crease work of late.

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USA gold sweeter because of who it beat, who it was playing for

Sport 7 Mins Read

MILAN – The gold medal meant more because of who ended up with silver. That’s how much it meant to the USA men’s hockey team to win the last game of the 2026 Winter Olympics, to join one of the most elite groups in hockey.

‘It’s the best feeling in the world,’ Dylan Larkin said. ‘To do it in this jersey and against that team with our history of not being able to beat those guys. It’s incredible.’

USA men had just made history, winning the gold medal 46 years on the nose after the ‘Miracle On Ice’ squad upset the Soviet Union at the 1980 Lake Placid Games. Outplayed in regulation – Connor Hellebuyck made 41 saves – all it took was 1:41 of 3-on-3 overtime for Jack Hughes to capitalize on a turnover and clinch a victory.

‘It feels amazing,’ Zach Werenski said. ‘I don’t think it’s sunk in yet. It’s a very special group to be a part of, and any time you get to wear these colors and represent your country, it’s a huge honor.’

The day before the game, USA coach Mike Sullivan had told his players that ‘there’s 36 American-born hockey players that have gold medals,’ impressing upon them what was at stake Sunday. USA had faced Canada twice before for gold in Olympics with NHL players, in 2002 and 2010, and lost.

They exorcised that demon at Milano Santagiulia Ice Hockey Arena on a spring-like day, before an audience that appeared to have more Canadian fans but was loudest at the end when USA players shook off their gear and mobbed one another, smiling, huggling, embracing, celebrating.

‘It’s incredible,’ Jack Eichel said. ‘I think this just means so much to all of us and USA Hockey, just so much pride in wearing this jersey and being able to do something special and create our own story here. It’s been a long time since USA Hockey was on top of the hockey world. We’re really proud of this moment. I just can’t say enough about the group.’

The Americans had a good start, but in the second and third periods, they looked gassed. Each team had played five games to arrive in the final, the only difference being USA playing at 9:10 p.m. local time in all of their games. They were the first to score, with Matt Boldy flipping the puck to himself as he split Canada’s top defense pair of Cale Makar and Devon Toews, forging a path to score on Jordan Binnington.

‘I was just trying to find a way to get up the middle and make it hard on him,’ Boldy said. ‘Sometimes it goes like that. You get a good bounce, and the puck follows you and you’re able to kind of sneak through.’

That was six minutes into the first period. USA protected that lead until midway through the second period, when Makar fired a shot from the right circle that eluded Hellebuyck.

He wasn’t giving up a second one, frustrating the Canadians. Captain Sidney Crosby was unavailable after injuring his right leg in the quarterfinals, but they lacked neither talent nor speed against the Americans.

‘I thought it was a flawless performance by a group of players that gave nothing but red and white for three periods plus of hockey,’ Canada coach Jon Cooper said. ‘I couldn’t be more proud of the group. They did everything we asked of them and more. Executed our plan. Just some days it’s just not meant to be. Unfortunately, it wasn’t meant to be today but but wasn’t because this team stood on their toes. They were exceptional.”

But in the end, exceptional earned silver when Hughes scored the golden goal 1:41 into overtime. Zach Werenski stripped Nathan MacKinnon of the puck in the right face-off circle and passed to Hughes, who fired a wrist shot that will go down in hockey history. Hughes erupted in a smile, showing the damage to his teeth from Sam Bennett’s high-sticking work.

Red, white, blue and then, gold.

‘Representing the USA, it’s been an honor of a lifetime doing this on this stage,’ Werenski said. ‘We felt the support from back home. We felt it in the village, we felt it from all the other athletes, around the city, tonight in the building. I feel like we maybe united the country, and that says something.’

As close as family

The sense of history tied the team together. They arrived in Milan on Feb. 8, embraced life in the athletes village, two to a room so small Jake Oettinger described it as ‘sleeping six inches apart,’ from his roommate, Jeremy Swayman. Matthew Tkachuk rarely went a day without noting how loudly his brother, Brady, snores.

‘We were so close, it felt like a family,’ Quinn Hughes said. ‘I was able to room with Jack for two weeks and it was very special for me. Right across the hall were the Tkachuks and they left their door open the entire two weeks, they never closed it. Just to have all the guys there on the same floor was special. We’d always hang out in the cafeteria together and meet different athletes and whatnot . To me, spending time in the village with these guys, it was one of favorite experiences of this whole thing. I really enjoyed the village.’

Goggles and whiskey

Auston Matthews and the Hughes brother joined Sullivan in the press conference, their hair slick from champagne, goggles still on thier heads. They hydrated with beer. Sullivan smiled.

This was the moment he and general manager Bill Guerin had in mind when they built the roster.

‘One of the things that Billy Guerin and I talked about from the very beginning was trying to build a team in the true sense of the world,’ Sullivan said. ‘We looked at a deep group of American talent, and these decisions were very difficult. If you look at how this group was constructed, there was a thought process that we had players that could play in all situations.

‘And maybe the most important aspect of it is just the character of the group, the personality of the team. The team was built with personality in mind. We were loaded with personality. There are whiskey drinkers and milk drinkers, and we all have whiskey drinkers on the team.’

This is for a lot of people

The victory extended far beyond the arena, far beyond the locker room, the people directly involved. It was for Johnny and Matthew Gaudreau, who were killed by a suspected drunk driver while they were bicycling on Aug. 29, 2024.

‘This is something John would have been at,’ Werenski said. ‘And to see his family here supporting us and seeing his kids, bringing them on the ice, we talked about playing for him, making him proud and I think we did that. Super special to see them and to have kids on the ice, he was a huge part of USA Hockey.’

It was for Jim Johannson, the former USA hockey executive who passed away in 2018. It was the best feeling in the world because of everyone it involved.

‘Just to get it done, to score that big goal that USA Hockey, guys that wore this jersey before, have been missing,’ Larkin said. ‘It’s just an incredible feeling. This is for a lot of people. This is for the guys who wore this jersey before us. Johnny Gaudreau especially. Jim Johansson. All those people should be here. Johnny especially. Matty his brother. To get it done today, it’s just an unbelievable feeling.’’

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