Financial Data and Key Metrics Changes - Third quarter gold sales nearly doubled over the prior year period to approximately 9,400 ounces, with total revenue from gold sales increasing to approximately $32 million due to higher ounces sold and a higher average realized gold price of $3,412 per ounce [16][17] - The company reported a net loss of approximately $42 million or $0.05 per share, similar to the prior year period, reflecting the development stage and strategic investments [17] - Cash used in operating activities was approximately $15 million, a decrease from about $24 million in the prior year, attributed to higher gross profit and working capital [17][18] - The company closed the quarter with a cash balance of approximately $103 million, a decrease from the previous quarter due to development spending [18] Business Line Data and Key Metrics Changes - At Granite Creek Underground, approximately 15,000 tons of oxide mineralized material were mined at a grade of about 9.8 g per ton, and 20,000 tons of sulfide material at a grade of about 10.7 g per ton were also mined [7][8] - Gold sold totaled 7,400 ounces for the quarter and 16,400 ounces for the nine-month period [7] - The Lone Tree plant refurbishment study is substantially complete, with a construction decision anticipated in the second quarter of 2026 [15] Market Data and Key Metrics Changes - The company continues to trade at a deep discount to comparable developers despite a significant resource base, indicating potential for market recognition of its value [22] Company Strategy and Development Direction - The company aims to create a Nevada-focused mid-tier gold producer, with ongoing projects including Granite Creek and Archimedes [2][3] - A recapitalization plan is in progress, with expectations to secure a financing package by mid-2026 to support various phases of development [5][19] - The company is evaluating ways to accelerate value creation, including a potential pre-feasibility study on Mineral Point [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing the development plan and unlocking the value of the resource base as they move into 2026 and 2027 [38] - The company is entering a transformational period with major milestones expected over the next 12-18 months, including steady-state production at the first mine and commencement of production at the second mine [21] Other Important Information - The company has made significant progress in hiring skilled talent across various roles to support project execution [4] - The installation of a second, larger water treatment plant is on track for completion at the end of Q1 2026 to support long-term groundwater management [8] Q&A Session Summary Question: Where is the company currently mining and when will it start mining from longer levels in the South Pacific Zone? - The company is mostly in the OG Zone now and expects to be around 60% in the South Pacific Zone next year, with more focus on South Pacific in the long term [25] Question: What steps are being taken to process oxide through the Lone Tree plant? - The autoclave can be bypassed with oxide ore, and the company is evaluating the potential for feeding that through as they approach commissioning [28] Question: Regarding the recapitalization plan, is the company reconsidering the divestment of the non-core FAD asset? - The company is aware of the high-grade resource but will not be able to develop it until the end of the 2030s or early 2040s; they are evaluating all options for recapitalization [32] Question: What is the expected CapEx for the refurbishment of the Lone Tree autoclave and Archimedes' development in 2026? - The refurbishment is estimated at $400 million, with about $175 million expected to be spent in 2026, and Archimedes' development is expected to be around $40 million [33]

Core Viewpoint - Far East Gold Ltd has secured PIPPIB approval for 9,000 hectares at its Idenburg project in Indonesia, which allows the company to proceed with environmental permitting, operational licensing, and mine development, effectively removing major regulatory barriers for the project [1][5][6]. Regulatory Approval - The PIPPIB approval reclassifies the area from forestry to production forestry, providing regulatory certainty and a clear development pathway for the Idenburg project [2][5][6]. - This approval transforms Idenburg from an exploration asset into a project ready for development, following a successful model used at the Woyla project [2][6]. Drilling Activities - The company is continuing drilling at both North Anak Perak and Anak Perak, with North Anak Perak already returning high-grade intercepts and more results expected soon [3][7]. - Nearly 300,000 ounces of the total 540,000-ounce resource are located in the Anak Perak area, and the company is gathering new assay data, anticipating a steady flow of positive news [3][8].

Core Insights - Meridian Mining UK S has received unanimous approval for the Preliminary Licence (PL) of the Cabaçal Au-Cu-Ag project from CONSEMA, the Environmental Council for the State of Mato Grosso, following a positive technical opinion from SEMA based on the Environmental Impact Assessment [2][4][8] Licensing and Regulatory Progress - The formal issuance of the Preliminary Licence is underway, with SEMA responsible for publishing the approval in the State of Mato Grosso gazette [3] - The PL is the first of three permitting stages required for the Cabaçal project, with the next step being the Installation License, which will allow construction activities to commence [5] Project Economic Viability - The Cabaçal project has a base case after-tax NPV5 of USD 984 million and an IRR of 61.2%, based on a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months [7] - The project has a low All-in-Sustaining-Cost of USD 742 per ounce of gold equivalent and a production profile of 141,000 ounces of gold equivalent over its life [7] Technical and Environmental Aspects - The technical aspects, environmental feasibility, and social acceptance of the Cabaçal project have been affirmed, contributing to the positive response from CONSEMA [4][8] - The Cabaçal Mineral Reserve estimate includes Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper, and 1.64g/t silver [10]

Core Points - Rise Gold Corp. has successfully closed a non-brokered private placement, raising a total of US$7,000,000 through the sale of 28,000,000 units at a price of US$0.25 per unit [2][3] - Each unit consists of one share of common stock and one common share purchase warrant, with the warrant allowing the purchase of an additional share at US$0.45 until October 24, 2028 [2][3] - The funds raised will be used for general working capital, legal expenses, and technical work related to the Idaho-Maryland-Brunswick Mine [8] Financing Details - The financing involved a total of 28,000,000 units sold at US$0.25 per unit, resulting in US$7,000,000 raised [2] - Finder's fees of US$1,500 were paid, and 6,000 finder's warrants were issued, each allowing the purchase of one share at US$0.45 until October 24, 2028 [3] - Significant investments came from Abdiel Capital Advisors (US$3.6 million), Equinox Partners (US$1.4 million), and Myrmikan Gold Fund (US$250,000) [6] Mine Background - The Idaho-Maryland Mine produced 2.4 million ounces of gold at a mill grade of 17 grams per tonne from the 1860s to 1956 [4] - An Environmental Impact Report published in 2023 concluded that the environmental impacts of the proposed project could be mitigated to a "less than significant" effect, with minor exceptions [4] Legal Context - The County Supervisors denied Rise's permit application, leading to a writ of mandamus filed against the County, with a decision expected in the first quarter of 2026 [5] - If the court rejects the writ, the County will owe just compensation for the mineral estate, estimated by management to be at least US$400 million based on comparable mines [5] Related Party Transactions - Directors and officers of Rise Gold purchased a total of 1,080,000 units for gross proceeds of US$270,000, which constitutes a related party transaction [7] - The participation of related parties is exempt from formal valuation and minority approval requirements under MI 61-101 due to the extent of their participation being less than 25% of the company's market capitalization [7]

Core Insights - G Mining Ventures (GMIN) has commenced construction of the Oko West gold project in Guyana, with an investment of $973 million and first gold production expected in 2027 [1][3] - The project has achieved significant milestones in permitting and financing, with early construction activities on schedule and detailed engineering 36% complete [1][2] Financial Overview - Total commitments for the project construction have reached $334 million, representing 33% of the total initial capital budget of $973 million [2][4] - As of September 30, 2025, the project has incurred $110 million in spending, along with an additional $46 million in prepayments, totaling $156 million in expenditures [3] Workforce and Location - The project employs a workforce of 710, consisting of 520 employees and 190 contractors, with over 80% being Guyanese nationals [4] - The Oko West project is located south of the historical Oko gold district, approximately 95 km west of Georgetown, covering an area of around 44 km² [4] Strategic Goals - GMIN aims to evolve into an intermediate gold producer, with the Oko West project being a cornerstone of its growth strategy [2][3] - The company is also focused on acquiring and developing precious metal projects, exemplified by its agreement to acquire the CentroGold Project in Brazil's Gurupi Gold Belt [5]

Core Insights - Perpetua Resources has commenced early works construction at the Stibnite gold project in Idaho after securing $139 million in financial assurance and receiving necessary approvals from the US Forest Service [1][4]. Project Development - The Stibnite gold project has undergone a nine-year permitting process, with the final record of decision received in January 2025, allowing construction to officially start [3][4]. - The project is positioned as a strategic response to China's antimony export bans, aiming to provide critical resources while restoring an abandoned mine site [2][5]. Financial Aspects - Perpetua Resources posted the required financial assurance on October 17, 2025, through cash reserves, with plans for alternative non-cash financial assurance measures as part of the full financing package [4][6]. - The project is seeking $2 billion in debt financing, with final board consideration expected in spring 2026 [6]. Resource Estimates - The Stibnite gold project is estimated to contain 4.8 million ounces of gold reserves and is expected to yield approximately 450,000 ounces of gold annually during its first four years of operation [4][5]. Employment and Environmental Impact - The construction phase is projected to create over 950 direct jobs, with more than 550 direct jobs anticipated during the operational phase [5]. - The project also aims to remediate environmental damage, restore fish habitats, and reconnect native spawning grounds at the historical mine site [5].

Core Viewpoint - Cerrado Gold Inc. reported a 21% increase in gold equivalent ounce (GEO) production for Q3 2025 compared to the previous quarter, driven by enhanced operations at the Calandrias Sur heap leach site and ongoing underground development at the Minera Don Nicolas Mine [3][9]. Q3 Operating Highlights - Q3 2025 production reached 13,868 GEO, up from 11,437 GEO in Q2 2025, marking a 21% increase [9]. - Heap leach production grew by 33% to a record 10,465 GEO due to expanded crushing capacity and improved recoveries [9]. - The completion of the second phase of the crushing expansion led to improved tonnage and recoveries [3]. - The underground development is progressing, with three access portals developed, expected to reach production stopes in Q4 2025 [5][9]. - The company revised its 2025 production guidance from 55,000-60,000 GEO to 50,000-55,000 GEO due to delays in underground development [6][8]. Exploration and Development Updates - The exploration program at Minera Don Nicolas is expanding, with an additional 50,000 meters planned for 2026, supplementing the existing 20,000 meters for 2025 [8][12]. - Promising results have been observed in the central Paloma area, indicating potential resource expansion [12]. - Development activities are ongoing at the Lagoa Salgada and Mont Sorcier projects, with feasibility studies targeted for completion in Q4 2025 and Q2 2026, respectively [14][15]. Corporate Activities - Joao Barros has been appointed as President, Europe, and Carl Calandra as Corporate Secretary [20]. - The company engaged Hybrid Financial Ltd. for strategic marketing and investor relations services to enhance its investor profile [21]. - Cerrado issued 200,000 deferred share units and 20,000 restricted share units under its incentive plan [22]. Financial Performance - The average realized price per gold ounce sold increased to $3,153 in Q3 2025 [18]. - The company continues to optimize operations at its Minera Don Nicolas and Las Calandrias projects, aiming to maximize asset value [24][25].

Core Viewpoint - Amaroq Ltd. reports significant operational improvements at its Nalunaq gold mine, with production exceeding expectations and a successful 2025 exploration program underway [2][3]. Operations Update - The commissioning of the processing plant and ramp-up of mining operations at Nalunaq have shown steady improvements through Q3 2025 [5]. - Gold production as of October 7, 2025, has reached approximately 5,000 ounces, aligning with the company's revised full-year 2025 production guidance [5]. - A planned shutdown for commissioning activities is expected to start in the third week of October 2025, lasting about four weeks, after which the gravity circuit will be fully automated [5]. - The company aims to achieve a nameplate throughput of 300 tons per day by the end of 2025 [5]. Exploration Program - The 2025 exploration program has been completed, identifying resource upside with assay results pending [4]. - Surface drilling at the South Deep Zone has been completed, providing growth potential for the next Mineral Resource Update scheduled for Q1 2026 [5]. - Underground drilling between the 725 and 790 levels has been completed, with continuous definition drilling planned from the 800 level upwards [5]. - A 4,804-meter drilling program at Nanoq was completed on schedule, with initial assay results expected in Q4 2025 [5]. Strategic Initiatives - Satellite gold exploration around Nalunaq, along with copper and critical metals programs, has been completed, with assays pending [5]. - Strategic site visits to the Black Angel and Kangerluarsuk projects have been conducted to assess logistics and development pathways [5].

Core Insights - Amaroq Ltd. reports continued sequential improvements at its Nalunaq gold mine, with production exceeding expectations and a positive outlook for the 2025 exploration program [2][3][5] Operations - The commissioning of the processing plant and ramp-up of mining operations at Nalunaq have shown steady improvements through Q3 2025, with a double shift pattern implemented ahead of schedule [5] - Gold production as of October 7, 2025, has reached approximately 5,000 ounces, aligning with the company's revised full-year 2025 production guidance [5] - A planned shutdown for commissioning activities is expected to start in the third week of October 2025, lasting about four weeks, after which the gravity circuit will be fully automated [5] - The company aims to achieve a nameplate throughput of 300 tons per day by the end of 2025 [5] Exploration - The 2025 exploration program has been completed, identifying resource upside with assay results pending [4] - Surface drilling at Nalunaq's South Deep Zone has been completed, providing growth potential, with results to be included in the next Mineral Resource Update scheduled for Q1 2026 [5] - Underground drilling between the 725 and 790 levels has been completed, with further definition drilling planned from the 800 level upwards [5] - A 4,804-meter drilling program at Nanoq was completed on schedule, with initial assay results expected in Q4 2025 [5] - Satellite gold exploration and copper and critical metals programs have been completed, with assays pending [5] Strategic Initiatives - The team has conducted strategic site visits to the Black Angel and Kangerluarsuk projects to assess logistics and development pathways, with market updates to follow [5]

Core Insights - Sierra Madre Gold and Silver has initiated underground development at the Nazareno silver and gold mine, part of the La Guitarra complex in Estado de Mexico, with over 700 tonnes of mineralised material transported to the processing plant [1] - The production silver grades are 40% higher and gold grades are 30% higher than indicated in the 2023 resource model, based on a reconciliation of material produced from development blasting [2] - The company plans to expand the Nazareno mining center, expecting it to significantly contribute to silver and gold production, with plans to double processing capacity from 500 tonnes per day by Q3 2027 [3] Development Plans - The initial phase at Nazareno involves expanding the current workings to fully access the mineralised zone, which spans up to 8 meters in width [1][3] - Following the initial phase, the sill drive will be extended to assess the feasibility of long-hole mining in the area characterized by closely spaced veins [4] - A new Ingertrol Sandy 50 drill rig has been purchased to support mine planning and development, capable of drilling up to 250 meters [4] Drilling Operations - The portable drill rig allows for surface drilling without the need for access roads, demonstrated during operations at the Tepic project [5] - Drilling is scheduled for the Nazareno veins and the central Guitarra mine area, which contain closely spaced parallel silver-gold vein sets [5] - The new drilling rig will reduce development expenses by enabling short-hole drilling from a single drive, eliminating the need for parallel drives or crosscuts [6]