Core Insights - A-Mark Precious Metals is rebranding to "Gold.com" and will transfer its shares from Nasdaq to NYSE, effective December 2, 2025, with the new ticker symbol "GOLD" [1][2][3] - The company reported $11.9 billion in revenues for the 12 months ending September 30, 2025, and aims to enhance its operational excellence and long-term success through this rebranding initiative [1][2][3] Business Segments - **Direct-to-Consumer (DTC)**: The DTC segment operates as an omni-channel retailer with flagship brands like JM Bullion and Stack's Bowers Galleries, serving a total of 4.3 million customers since inception, including 147,000 in the most recent quarter [4][5] - **Wholesale Sales & Ancillary Services**: This segment sources and distributes over 200 products from major mints globally, maintaining trading desks in multiple international locations [11] - **Secured Lending**: The secured lending segment, through Collateral Finance Corporation, offers commercial loans and inventory financing solutions collateralized by various collectibles [11] Strategic Initiatives - The rebranding is part of a broader strategy to fortify category leadership in precious metals and collectibles, with plans to expand into high-growth adjacent categories like fine wines and sports cards [2][3] - A new corporate website, www.Gold.com, will launch on December 2, 2025, featuring enhanced investor resources and educational content [7] - The company will also design a range of gold and silver bullion bars featuring the new name and logo, available for purchase starting December 2, 2025 [3]

Core Viewpoint - Gold Royalty Corp. has adopted a shareholder rights plan to protect and maximize shareholder value in the event of unsolicited takeover bids or attempts to acquire control of the company [2][3]. Summary by Sections Shareholder Rights Plan - The plan was adopted to ensure equal and fair treatment of all shareholders during unsolicited takeover attempts [2]. - It is not a response to any specific takeover bid, and the company is not aware of any pending proposals [2]. Rights Issuance - One right will be issued for each outstanding common share on the record date of November 17, 2025, and will attach to each new common share issued thereafter [3]. - Rights become exercisable if a person acquires 15% or more of the outstanding shares without complying with the plan's provisions, allowing holders to purchase additional shares at a discount [3]. - A higher threshold of 20% applies to entities not party to any standstill or similar arrangement with the company [3]. Plan Duration and Ratification - The plan has an initial term of three years, contingent upon ratification by shareholders within twelve months [4]. - If not ratified, the plan and any rights issued will terminate [4]. Company Overview - Gold Royalty Corp. focuses on providing financing solutions in the metals and mining industry, aiming to build a diversified portfolio of precious metals royalty and streaming interests [6]. - The company's portfolio primarily consists of net smelter return royalties on gold properties located in the Americas [6].

Core Insights - Gold Royalty Corp. reported record revenue for the third quarter of 2025, driven by new mines entering production and positive cash flow [2][9] - The company has successfully reduced debt and interest costs while strengthening its balance sheet, with plans to continue de-leveraging through 2026 [2][9] Financial Performance - For the three months ended September 30, 2025, revenue reached $4.148 million, a significant increase from $2.060 million in the same period of 2024, representing a growth of 101.4% [6] - Net loss for the third quarter was $1.133 million, compared to a net income of $3.423 million in Q3 2024 [6] - Adjusted EBITDA for the quarter was $2.517 million, up from $779 thousand in Q3 2024, indicating a strong operational performance [6][9] - Total Revenue, Land Agreement Proceeds, and Interest amounted to $4.573 million for Q3 2025, compared to $2.601 million in Q3 2024, marking a 75.6% increase [6][9] Operational Highlights - The company reported production of 1,323 gold equivalent ounces (GEOs) in Q3 2025, an increase from 1,051 GEOs in Q3 2024 [6][41] - Cash provided by operating activities was $2.438 million for the quarter, a significant improvement from a cash usage of $42 thousand in Q3 2024 [6] - The company repaid $2 million to its revolving credit facility in Q3 and an additional $5 million post-quarter, demonstrating responsible capital allocation [9] Portfolio Updates - The Borborema project achieved commercial production in Q3 2025, contributing to the company's revenue growth [11] - The Côté Gold mine produced 106,000 ounces in Q3 2025, continuing its strong performance with expected cash costs of $1,100-$1,200 per ounce [14] - The Canadian Malartic / Odyssey mine is progressing ahead of schedule, with initial production expected in the second half of 2026 [13] Future Outlook - The company plans to continue leveraging cash generated from operations to reduce debt throughout 2026 [2][9] - The royalty generator model has added two new royalties in the nine months ended September 30, 2025, contributing to a total of 51 royalties since the acquisition of Ely Gold Royalties Inc. [22][23]

Core Points - U.S. Gold Corp. announced the acquisition of a 10-acre parcel of land to support the CK Gold Project development planned for 2026 [1][2] - This acquisition marks the fourth key real estate property purchased by the company in connection with the CK Gold Project over the past four years [1][4] - The new site will serve as a centralized muster point for employees and contractors, facilitating transportation to the mine site and reducing local traffic congestion [2][4] Acquisition Details - The 10-acre parcel is located in the North Range Business Park, providing direct access to Interstates 80 and 25, and is expected to close by January 31, 2026 [2] - Previous acquisitions include three contiguous parcels totaling approximately 110 acres, which enhance operational flexibility and minimize impacts on neighboring communities [3] Project Development - The CK Gold Project's final feasibility study is nearing completion, and the company is positioning itself for efficient and community-sensitive operations [4] - Construction for the CK Gold Project is on track to begin in 2026 [4]

Core Viewpoint - Rua Gold Inc. has engaged ICP Securities Inc. for automated market making services to enhance liquidity and manage share supply and demand [1][3]. Group 1: Engagement Details - The agreement with ICP Securities Inc. includes a monthly fee of C$7,500 plus applicable taxes, starting from November 1, 2025, with an initial term of four months [2]. - The contract will automatically renew for one-month terms unless either party provides a 30-day written notice [2]. - There are no performance-based factors or stock options associated with this agreement [2]. Group 2: Company Overview - Rua Gold Inc. is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which has historically produced over 2 million ounces of gold [6][7]. - The company is also advancing its Glamorgan Project, located in a region that has produced 15 million ounces of gold and 60 million ounces of silver [9]. Group 3: ICP Securities Inc. Overview - ICP Securities Inc. is a Toronto-based dealer-member specializing in automated market making and liquidity provision, utilizing its proprietary algorithm, ICP Premium™ [5]. - Established in 2023, ICP focuses on enhancing market structure and execution for public issuers and institutional investors [5].

Core Viewpoint - New Gold Inc. reported strong financial and operational results for Q3 2025, achieving record production and free cash flow, primarily driven by the performance of the Rainy River mine and the New Afton mine [1][2][3]. Financial Performance - Q3 2025 revenue reached $462.5 million, a significant increase from $252.0 million in Q3 2024 [9]. - The company generated cash flow from operations of $301 million and record free cash flow of $205 million, marking a 225% quarter-over-quarter improvement [2][10]. - Net earnings for Q3 2025 were $142.3 million, compared to $37.9 million in Q3 2024, with adjusted net earnings of $199.5 million [11][12]. Production Highlights - Total gold production for Q3 2025 was 115,213 ounces, with Rainy River contributing 100,301 ounces, reflecting a 63% increase from Q2 2025 [6][10]. - New Afton produced 14,912 ounces of gold and 12.0 million pounds of copper, with the B3 cave performing above expectations [6][14]. - The company is on track to meet its annual production guidance of 325,000 to 365,000 ounces of gold [4][10]. Cost Metrics - All-in sustaining costs (AISC) for Q3 2025 were $966 per gold ounce sold, down from $1,195 in Q3 2024 [12][19]. - Cash costs per gold ounce sold on a by-product basis were $639, compared to $741 in Q3 2024 [12][19]. - Operating expenses per gold ounce sold were $874, a decrease from $1,021 in the previous year [12][19]. Debt Management - The company repaid $260 million in debt obligations during the quarter, including the full $150 million drawn on the credit facility [3][10]. - The company exited Q2 2025 with cash and cash equivalents of $123 million, strengthening its financial position [10][19]. Future Outlook - New Gold is well-positioned to achieve its full-year guidance, with capital spending and cash costs trending in line with expectations [4][5]. - The C-Zone at New Afton is on track for a production ramp-up in 2026, while Rainy River's operations are expected to generate significant free cash flow in the coming years [5][10]. Exploration and Growth - The exploration budget for New Afton has been increased to $22 million, with ongoing drilling confirming the potential for further mineralization at the K-Zone [16][19]. - The company anticipates a maiden K-Zone mineral resource estimate to be announced in early 2026 [16].

Group 1 - Newmont Mining is interested in acquiring Barrick Gold's gold assets in Nevada [1]

Mergers and Acquisitions - Newmont is considering a potential deal to acquire control of Barrick's valuable Nevada gold assets [1]

Group 1 - Newmont Mining (NEM.US) experienced a decline of 6.8% [1] - Coeur Mining (CDE.US) saw a drop of 4.5% [1] - Other companies such as Kinross Gold (KGC.US), Gold Fields (GFI.US), Harmony Gold (HMY.US), and Barrick Gold (GOLD.US) all fell by over 2% [1]

Core Viewpoint - Integra Resources Corp. reports a strong operational update for Q3 2025, highlighting significant cash flow generation and operational improvements at the Florida Canyon Mine, with a cash balance of approximately $81 million, marking the company's strongest financial position to date [2][7]. Operational Update - Florida Canyon Mine produced 20,653 ounces of gold and sold 20,265 ounces during Q3 2025, aligning with company expectations [4]. - The mine's operational performance was bolstered by increased solution flow rates and the commissioning of a new carbon-in-column circuit [4]. - The strip ratio increased to 1.34 due to enhanced capitalized waste stripping and adjustments in mining sequence to address dust suppression challenges [3][5]. Financial Position - As of September 30, 2025, the company reported cash and cash equivalents of $81.192 million [7]. - The financial results for Q3 2025 will be released on November 12, 2025, followed by a conference call on November 13, 2025 [1][8]. Future Developments - Construction of the Phase IIIb heap leach pad is ongoing, with commissioning expected in Q4 2025 [6]. - The company is revitalizing its mining fleet, including refurbishing existing equipment and ordering new haul trucks and loaders, which is anticipated to enhance mining productivity and reduce costs [6].