Core Viewpoint - EMX Royalty Corporation has announced the sale of its Nordic operational platform to First Nordic Metals Corporation, which is expected to streamline operations and reduce costs while maintaining royalty exposure in the region [1][2]. Strategic Rationale and Long-Term Benefits - The transaction aims to streamline EMX's global operations and reduce administrative costs while retaining upside royalty exposure from partner-funded exploration efforts [2]. - EMX has over 15 years of generative exploration experience in the Nordic countries and will retain a broad portfolio of royalties in the region [2]. - Future royalty interests will be granted to EMX on projects generated by FNM for five years, aligning with EMX's strategic objectives [2]. Commercial Terms - EMX will receive staged payments totaling 3.25 million SEK (approximately US$335,000) over two years, with payments made in equal parts of cash and shares of FNM [3]. - EMX will also receive a 1% net smelter return (NSR) royalty on any new projects generated in Sweden and Finland over the next five years [3]. Company Background - EMX is a precious and base metals royalty company, providing investors with discovery, development, and commodity price optionality while limiting exposure to operational risks [5]. - First Nordic Metals Corp. is a Canadian-based gold exploration company with assets in Sweden and Finland, including the Barsele gold project and the Oijärvi greenstone belt [6].

Core Viewpoint - Gold Royalty Corp. reported continued year-over-year revenue growth and positive operating cash flow for Q1 2025, driven by advancements in key assets within its portfolio, including the Borborema mine which achieved initial production [2][5]. Financial Highlights - Total revenue for Q1 2025 was $3.138 million, up from $2.894 million in Q1 2024, representing an increase of approximately 8.4% [5]. - The net loss decreased to $1.255 million in Q1 2025 from $1.405 million in Q1 2024, indicating improved financial performance [5]. - Cash provided by operating activities was $2.487 million, a significant increase from $336,000 in the same quarter of the previous year [5]. - Adjusted EBITDA for Q1 2025 was $1.663 million, down from $2.020 million in Q1 2024 [5]. Portfolio Update - The Borborema Project is expected to produce between 33,000 to 40,000 ounces of gold in 2025, with initial production achieved in Q1 2025 [7][8]. - The company anticipates achieving a total of 5,700 to 7,000 Gold Equivalent Ounces (GEOs) in 2025, with production weighted towards the second half of the year [34][35]. - The Côté Gold Mine has achieved record throughput, with IAMGOLD targeting to reach nameplate capacity by the end of 2025 [14][35]. Operational Efficiency - The company maintains low operating costs, with only approximately $0.02 million spent on maintaining mineral interests in Q1 2025 [33]. - The royalty generator model has successfully added two new royalties in the first quarter of 2025, contributing to the overall growth strategy [32]. Future Outlook - The company expects to achieve positive free cash flow in 2025 as several cash-flowing projects ramp up, including the Côté Gold mine and Vareš mine [35]. - The forecast for 2025 includes an assumed gold price of $2,668 per ounce and a copper price of $4.23 per pound, supporting the growth outlook [34].

Stock Symbol: AEM (NYSE and TSX)TORONTO, March 25, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") today announced that it will release its first quarter 2025 results on Thursday, April 24, 2025, after normal trading hours. Additionally, the Company will host its Annual and Special Meeting of Shareholders (the "AGM") the following day, Friday, April 25, 2025, in a hybrid format (in Toronto and virtually).First Quarter 2025 Results Conference Call and W ...

Core Viewpoint - Agnico Eagle Mines Limited (AEM) has agreed to subscribe for 20,770,000 units of Cartier Resources Inc. in a private placement, indicating a strategic investment to increase its stake in Cartier [1] Group 1: Investment Details - AEM will invest C$2,700,100 at a price of C$0.13 per unit, with each unit comprising one common share and one purchase warrant [1] - The purchase warrants allow AEM to acquire additional common shares at C$0.18 for five years post-closing, with potential acceleration clauses [1] - The transaction is expected to close around April 10, 2025, pending certain conditions [1] Group 2: Ownership Structure - Currently, AEM holds 97,022,944 common shares and 7,000,000 purchase warrants, representing approximately 26.6% of outstanding shares on an undiluted basis [2] - Post-transaction, AEM's holdings will increase to 117,792,944 common shares and 20,770,000 offering warrants, leading to ownership of about 27.7% on an undiluted basis and 32.2% on a partially-diluted basis [2] Group 3: Market Performance - AEM's shares have appreciated by 86.3% over the past year, outperforming the industry average increase of 47.9% [3] Group 4: Future Production and Costs - For 2025, AEM anticipates gold production between 3.3 to 3.5 million ounces, with total cash costs per ounce projected between $915 and $965 [4] - The all-in sustaining costs (AISC) per ounce are expected to range from $1,250 to $1,300, with capital expenditures projected between $1.75 billion and $1.95 billion [4]

Core Viewpoint - Newmont Corporation (NEM) has experienced a 28.3% increase in share price year to date, driven by rising gold prices due to global uncertainties and geopolitical tensions, although it has underperformed the Zacks Mining – Gold industry's 32.9% rise [1] Financial Performance - Newmont reported a liquidity position of $7.7 billion at the end of 2024, with cash and cash equivalents around $3.6 billion [5] - The company generated an operating cash flow of $6.3 billion in 2024, up from approximately $2.8 billion in 2023, with a free cash flow of $2.9 billion [5] - Shareholder returns included $1.1 billion in dividends and $1.2 billion in share repurchases under a $3 billion program in 2024 [5][7] Gold Price Dynamics - Gold prices increased by roughly 27% last year, driven by central bank demand and geopolitical tensions, reaching a record high of $3,057 per ounce recently [6] - Gold prices are up approximately 16% this year, supported by expectations of interest rate cuts and increased central bank purchases [6] Growth Initiatives - Newmont is pursuing growth projects such as the Tanami Expansion 2 in Australia and the Ahafo North expansion in Ghana, which are expected to enhance production capacity [8] - The acquisition of Newcrest Mining Limited has created a robust portfolio, yielding $500 million in annual run-rate synergies [9] Cost Challenges - Newmont faces rising production costs, with gold costs applicable to sales (CAS) increasing by about 7% year over year in 2024 [11] - All-in-sustaining costs (AISC) are projected to rise to $1,630 per ounce in 2025, up from $1,516 per ounce in 2024 [11] Earnings Outlook - Earnings estimates for Newmont have declined over the past 60 days, reflecting negative sentiment in the market [13] - The stock is currently trading at a forward 12-month earnings multiple of 14.88X, which is an 8% discount compared to the industry average of 16.18X [15] Stock Performance - Over the past year, NEM's shares have gained 41.4%, outperforming the S&P 500's rise of 8.9% but underperforming the industry's 50% increase [17]

Core Viewpoint - Agnico Eagle Mines Limited has agreed to subscribe for 20,770,000 units of Cartier Resources Inc. in a non-brokered private placement, totaling C$2,700,100, with each unit consisting of one common share and one purchase warrant [1] Group 1: Private Placement Details - The private placement price is set at C$0.13 per unit, with each warrant allowing the purchase of a common share at C$0.18 for five years [1] - Closing of the private placement is expected around April 10, 2025, subject to certain conditions [1] Group 2: Ownership Structure - Post-private placement, Agnico Eagle will own approximately 27.7% of Cartier's common shares on an undiluted basis and 32.2% on a partially-diluted basis, assuming the exercise of existing and new warrants [2] - Currently, Agnico Eagle holds 97,022,944 common shares and 7,000,000 existing warrants, representing about 26.6% undiluted and 28.0% partially-diluted ownership [2] Group 3: Investor Rights Agreements - Agnico Eagle's rights include participation in equity financings to maintain ownership interest and the right to nominate board members, which have been amended to allow for increased ownership thresholds and board nominations [3][4] - The existing investor rights agreements were updated to enhance Agnico Eagle's participation rights and board nomination capabilities [4] Group 4: Company Profile - Agnico Eagle is a senior gold mining company, recognized as the third largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [8] - The company has a history of consistent shareholder value creation, having declared cash dividends annually since 1983 [8]

Core Viewpoint - Gold Royalty Corp. reported record revenues and positive operating cash flows for 2024, indicating strong growth potential for 2025 and beyond, driven by strategic acquisitions of royalties on large-scale mining operations [2][6][25]. Financial Highlights - For Q4 2024, total revenue reached $3.4 million, a significant increase from $1.0 million in Q4 2023. For the full year 2024, total revenue was $10.1 million, compared to $3.0 million in 2023 [5][6]. - The company reported a net loss of $3.2 million for Q4 2024, an improvement from a net loss of $19.4 million in Q4 2023. For the full year, the net loss was $3.4 million, down from $26.8 million in 2023 [5][7]. - Adjusted EBITDA for Q4 2024 was $1.2 million, compared to a loss of $3.0 million in Q4 2023. For the full year, adjusted EBITDA was $4.8 million, improving from a loss of $4.4 million in 2023 [6][44]. Production and Growth Outlook - The company expects Gold Equivalent Ounces (GEOs) to increase to between 5,700 and 7,000 in 2025, representing a 16% growth from 2024 levels. This growth is attributed to the ramp-up of three cash-flowing assets [6][25]. - Over the next five years, GEOs are projected to grow by over 360%, reaching between 23,000 and 28,000 by 2029, supported by contributions from existing and developing assets [6][27]. Portfolio and Project Updates - The Borborema project is expected to achieve commercial production in the second half of 2025, with production guidance of 33,000 to 40,000 ounces of gold [10]. - The Côté Gold mine has successfully started operations, with a focus on achieving full production capacity by the end of 2025 [13]. - The company has added eight new royalties in the past year, bringing the total to 48 since acquiring Ely Gold Royalties Inc. in 2021 [23]. Capital and Financial Strategy - The company anticipates strengthening its balance sheet through increased cash flow generation and stable operating costs, while maintaining a focus on debt repayment and disciplined growth [6][25]. - The 2025 outlook assumes a gold price of $2,668 per ounce and a copper price of $4.23 per pound, indicating a positive growth trajectory for the company [25][29].

Core Points - Agnico Eagle Mines Limited has completed the acquisition of 100% of the outstanding common shares of O3 Mining Inc., making O3 Mining a wholly-owned subsidiary of Agnico Eagle [1][2] - Shareholders of O3 Mining will receive $1.67 in cash per common share as part of the amalgamation [2] - The common shares of O3 Mining are expected to be delisted from the TSX Venture Exchange around March 20, 2025 [3] Company Information - Agnico Eagle is a senior gold mining company based in Canada and is the third largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [8] - The company has a history of consistent value creation for shareholders, having declared a cash dividend every year since 1983 [8]

Core Viewpoint - Agnico Eagle Mines Limited (AEM) has agreed to invest approximately C$52.16 million in Collective Mining Ltd. through a private placement, acquiring 4,741,984 common shares at C$11.00 each, and will also exercise warrants to acquire an additional 2,250,000 shares at C$5.01 each, increasing its stake in the company significantly [1][2][3]. Group 1: Investment Details - The private placement will close around March 20, 2025, subject to certain conditions [1]. - AEM will control a total of 12,718,219 common shares post-transaction, representing approximately 14.99% of the issued and outstanding shares on a non-diluted basis [3]. Group 2: Strategic Focus - AEM is focused on high-quality internal growth prospects while also acquiring strategic positions in projects with high geological potential [2]. - The investment in Collective Mining provides exposure to an early-stage gold exploration property in Colombia, which is led by an experienced team in a mining-rich region [2]. Group 3: Production and Financial Forecast - AEM anticipates producing between 3.3 to 3.5 million ounces of gold in 2025 [4]. - The company forecasts total cash costs per ounce to be between $915 and $965, with all-in sustaining costs (AISC) projected between $1,250 and $1,300 [4]. - Projected capital expenditures for 2025, excluding capitalized exploration, are estimated to be between $1.75 billion and $1.95 billion [4]. Group 4: Stock Performance - AEM's shares have increased by 90.3% over the past year, outperforming the industry average rise of 44.5% [3].

Core Viewpoint - Agnico Eagle Mines Limited has agreed to invest in Collective Mining Ltd through a private placement, acquiring a significant stake in an early-stage gold exploration project in Colombia, enhancing its portfolio of high-quality growth projects [1][2]. Investment Details - Agnico Eagle will subscribe for 4,741,984 common shares of Collective at C$11.00 per share, totaling C$52,161,824 [1]. - Concurrently, Agnico Eagle will exercise warrants to acquire an additional 2,250,000 common shares at C$5.01 per share, amounting to C$11,272,500 [1]. - Upon closing, Agnico Eagle will own 12,718,219 common shares, representing approximately 14.99% of the total issued shares on a non-diluted basis [3]. Strategic Rationale - The investment aligns with Agnico Eagle's strategy of acquiring positions in projects with high geological potential, particularly in regions with a strong mining history [2]. - The investment in Collective is seen as a way to enhance Agnico Eagle's exposure to gold exploration in Colombia, led by a capable management team [2]. Investor Rights Agreement - An investor rights agreement allows Agnico Eagle to maintain its ownership percentage through participation in future equity financings, with the ceiling for ownership interest increased from 9.99% to 14.99% [4]. - Agnico Eagle has the right to nominate board members, although it currently has no intention to exercise this right [4]. Company Overview - Agnico Eagle is a leading Canadian gold mining company and the third largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [6]. - The company has a strong track record of sustainability and has consistently provided shareholder value through annual cash dividends since 1983 [7].