Meridian Mining Plc develops and explores precious- and base-metal mining projects in Mato Grosso, Brazil, led by the Cabaçal Au-Cu-Ag project and the Santa Helena deposit. Company news commonly covers mineral resource updates, drilling results, preliminary licensing, feasibility-study work, and regional exploration across the Cabaçal, Jauru and Araputanga belts.
Updates also document corporate actions such as the completed conversion and name change to Meridian Mining Plc, governance-role changes, Brazilian subsidiary activity at Rio Cabaçal Mineração Ltda, mineral-right approvals by the Agência Nacional de Mineração, and disclosures tied to capital structure and operating results.
Meridian Mining (MRRDF) is due to join the FTSE 250 index on October 1, 2026, following FTSE Russell's announcement. Meridian also recently released a definitive feasibility study for its Cabaçal project in Brazil.
Meridian Mining (MRRDF) released a Definitive Feasibility Study for its Cabaçal gold-copper-silver project showing an after-tax NPV5 of USD 2.092 billion, an IRR of 108%, and a payback period of 0.9 years under the base case.
The study outlines a 13.9-year life of mine with base case total revenue of USD 5.36 billion and after-tax free cash flow of USD 2.87 billion. Life-of-mine AISC is USD 1,056/oz AuEq, with years 1–5 averaging 183,526 oz AuEq per year at AISC of USD 715/oz AuEq and after-tax free cash flow of USD 413.8 million per year. Initial capital expenditure is USD 322 million (net of tax credits), plus USD 56 million in expansion capex and USD 74 million sustaining capex.
Preconstruction investments of USD 15.9 million and offsite civil works have commenced, and an installation licence for power line construction has been granted.
Meridian Mining (MRRDF) has been selected for inclusion in the VanEck Junior Gold Miners ETF (GDXJ) following the ETF’s quarterly review announced on 11 September 2026.
The change becomes effective at the close of markets on 18 September 2026. GDXJ provides exposure to junior mining equities focused on gold and silver and tracks some of the most liquid small and mid-cap precious metals companies. Meridian’s CEO links the inclusion to progress and de‑risking at the advanced-stage Cabaçal Project and to the company’s growing visibility as an investment opportunity.
Meridian Mining (MRRDF) has applied for London admission of 136,730 new ordinary shares related to Omnibus Plan 2025 awards.
The shares, with a nominal value of €0.01 each, are expected to be admitted to trading on or around 16 September 2026 and will rank equally with the company’s existing ordinary shares.
Meridian Mining (MRRDF) granted conditional deferred share unit (DSU) awards on 10 September 2026 to new Non-Executive Directors Carlos Vilhena and Felipe Holzhacker Alves under its Omnibus Incentive Plan.
Each director received an award over 44,118 ordinary shares, valued at CAD 75,000 based on the last equity issue price of CAD 1.70 / GBP 0.92 per share. The company states that these awards satisfy commitments made in connection with their election to the board and are consistent with historical appointment awards. DSUs normally vest in twelve equal monthly instalments, conditional on continued engagement, and are settled only after the director leaves the board. The grants were made for nil consideration and took place outside a trading venue, in line with UK Market Abuse Regulation notification requirements.
Meridian Mining (OTCQX: MRRDF) announced that admission to trading of 195,520 New Ordinary Shares on the Main Market of the London Stock Exchange became effective at 8:00 a.m. on 26 August 2026. These shares, issued under the company's 2025 Omnibus Plan, rank pari passu with existing shares.
Following admission, Meridian Mining's total issued share capital comprises 487,314,611 Ordinary Shares of €0.01 each. The company holds no shares in treasury. Each Ordinary Share carries one vote, so the total number of voting rights is 487,314,611, a figure shareholders may use for FCA disclosure calculations.
Meridian Mining (OTCQX: MRRDF) has applied for the admission of 195,520 new ordinary shares of €0.01 each to trading on the London Stock Exchange. The shares, issued following exercises under the Omnibus Plan 2025, are expected to be admitted on 26 August 2026 and will rank equally with existing ordinary shares.
Meridian Mining (OTCQX: MRRDF) reported unaudited half‑year 2026 results, highlighting major equity financings and project advances. The Company raised CAD 57.5M via a bought deal (36.4M shares at CAD 1.58) and a further GBP 25M via a London Main Market placement (27.2M shares at 92p), supporting its transition toward development.
According to Meridian, cash and cash equivalents rose to USD 96.0M and net assets to USD 102.1M, while total expenses increased to USD 10.0M and total comprehensive loss to USD 12.7M. The Cabaçal Definitive Feasibility Study is nearing 50% completion and remains on schedule for Q4 2026, with long‑lead items such as the SAG mill and transformers ordered. Updated Mineral Resource Estimates show Cabaçal’s open‑pittable M&I resource at 70.1Mt and Santa Helena Central’s maiden M&I resource at 5.3Mt, alongside multiple new VMS discoveries along the belt.
Meridian Mining (OTCQX: MRRDF) reported new drill results from the Santa Helena area, 10 km south-east of its advanced Cabaçal gold-copper-silver project in Mato Grosso, Brazil. Drill hole CD-878 intersected multiple stacked VMS layers below the Santa Helena Central resource, totalling 13.0m of gold-copper-silver and zinc-lead mineralisation.
The upper layer in CD-878 returned 11.3m @ 0.8g/t Au, 0.2% Cu, 17.6g/t Ag, 3.4% Zn and 0.6% Pb from 199.8m, including 4.4m @ 1.7g/t Au and 32.1g/t Ag, with peak assays of 7.3g/t Au and 71.7g/t Ag. A lower copper-dominant stringer zone returned 1.7m @ 0.9% Cu from 224.7m, including a 0.6m sample grading 1.6% Cu. The CD-878 intersection lies about 90m down-dip from CD-869, where the mineralised envelope has widened from 7.2m to 11.3m and remains open in all directions, with further drilling and borehole EM planned.
Meridian has also begun first reconnaissance programmes across its Jauru and Araputanga Greenstone Belt licences, covering 66,552 ha and 51,826 ha respectively. According to Meridian, the Cabaçal PFS outlines an after-tax NPV5 of USD 984 million, a 61.2% IRR, pre-production capex of USD 248 million, AISC of USD 742/oz AuEq, life-of-mine production of 141,000 oz AuEq, and Proven and Probable reserves of 41.7 Mt at 0.63g/t Au, 0.44% Cu and 1.64g/t Ag.
Meridian Mining (OTCQX: MRRDF) has confirmed that admission to trading on the Main Market of the London Stock Exchange became effective at 8:00 a.m. on 10 July 2026 for 1,605,577 new ordinary shares of €0.01 each. These comprise 105,577 shares issued under the 2025 Omnibus Plan and 1,500,000 shares issued under the Cabaçal Agreement, ranking pari passu with existing shares, including dividend rights from the issue date.
Following admission, Meridian Mining’s total issued share capital is 487,119,091 ordinary shares, all carrying one vote each, with no shares held in treasury. The total voting rights figure of 487,119,091 may be used by shareholders for FCA Disclosure Guidance and Transparency Rules calculations.