TORONTO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) (“Allied” or the “Company”) provides its preliminary operating results for the third quarter ending September 30, 2025. The Company produced over 87,000 ounces of gold in the third quarter and sold over 92,000 ounces of gold during the same period. Production and sales were in line with expectations and operating plans, which fully support strong production in the fourth quarter as previously guided. All-in Sustaining ...

Summary of Mineros S.A. Conference Call Company Overview - **Company**: Mineros S.A. - **Stock Symbols**: OTCQX Best Market - MNSAF; Toronto Stock Exchange - MSA - **Industry**: Metals and Mining Key Points and Arguments Production and Operations - Mineros S.A. has a stable production base in Nicaragua and Colombia, with consistent production and cost profiles over the years [3][4] - The production base includes two underground mines in Nicaragua and alluvial recovery platforms in Colombia, contributing to a consistent production of approximately 200,000 ounces annually [6][12] - The company aims to grow production and reduce all-in sustaining costs (AISC) through low-risk projects and operational excellence [3][4] Financial Performance - The share price has increased by 100% over the last two months, yet the company remains undervalued compared to peers based on EV to consensus production metrics [4] - Anticipated return of $30 million in dividends in 2025, with $15 million already paid this year [4][19] - Free cash flow for the first half of the year was impacted by $43 million in cash tax payments, expected to decrease in the second half [5][6] Gold Price Impact - Gold prices have fluctuated significantly, with an average of $3,600 to $3,700 per ounce in Q3 and exceeding $4,000 in Q4 [5][7] - AISC is variable and linked to gold prices, providing a unique advantage where costs can flex downwards if gold prices drop [7][24] Reserves and Exploration - Proven and probable reserves total approximately 2.1 million ounces, with a production platform consistently yielding around 200,000 ounces [6][12] - The alluvial operation in Colombia has 1.4 million ounces of reserves, with a mine life of about 12 years [8] - The company has significant exploration potential across its land package of approximately 150,000 hectares, with plans for extensive drilling programs [9][14] Environmental and Community Engagement - Mineros S.A. employs a progressive reclamation program, ensuring mined areas are restored for agricultural use post-mining [11] - The company maintains strong community relations and complies with international mining standards [21][22] Growth Strategy - Future growth is expected from both organic expansions (de-bottlenecking operations) and potential inorganic M&A opportunities [29][30] - The company is focused on capital discipline and has no plans for equity issuances or bought deals [20][19] Market Positioning - Mineros S.A. is trading at a significant discount to peers, attributed to historical lack of marketing and exposure [32] - New management is focused on improving transparency and communication to enhance market awareness [32] Risks - Jurisdictional risks in Nicaragua due to sanctions and illegal mining activities in Colombia are acknowledged, but the company believes in the supportive environment for mining in Nicaragua [21][22] Additional Important Points - The company has removed grade caps on artisanal ores, allowing for higher-grade inputs that enhance production potential [15][30] - The acquisition of the La Pepa project in Chile for $40 million is expected to significantly increase mineral inventory and shareholder value [17][18]

Core Insights - Wesdome Gold Mines Ltd. reported strong financial results for Q2 2025, with significant increases in revenue, net income, and cash flow, despite challenges in production at Kiena due to equipment constraints [1][6][50]. Financial Performance - Consolidated revenue for Q2 2025 was CAD 208.5 million, a 63% increase from CAD 127.8 million in Q2 2024 [8]. - Gross profit rose by 146% year-over-year to CAD 132.2 million, with a cash margin growing by 96% to CAD 149.4 million [6][8]. - Net income for Q2 2025 reached CAD 82.7 million, or CAD 0.55 per share, nearly tripling from CAD 29.1 million in Q2 2024 [6][8]. - EBITDA increased by 104% to CAD 138.4 million compared to Q2 2024 [6][8]. - As of June 30, 2025, liquidity stood at CAD 530 million, including CAD 187.6 million in cash [6][8]. Production Highlights - Consolidated gold production was 42,781 ounces, a 3% decrease compared to Q2 2024 [6][8]. - At Eagle River, gold production increased to 25,612 ounces, up from 19,272 ounces in Q2 2024, driven by a 44% increase in average grade [12][16]. - Kiena's production decreased by 31% to 17,169 ounces due to equipment constraints and lower average grades [33][38]. Cost Metrics - Cost of sales per ounce sold decreased by 1% to USD 932, while all-in sustaining costs (AISC) per ounce sold increased by 6% to USD 1,528 [6][8]. - Cash costs per ounce sold declined to USD 872 in Q2 2025 from USD 1,239 in Q2 2024 [18][40]. - AISC per ounce sold decreased by 24% to USD 1,394 compared to Q2 2024 [20][41]. Operational Developments - Eagle River's mill throughput was impacted by an 18-day maintenance shutdown, but overall throughput for H1 2025 increased by 4% compared to the same period in 2024 [14][15]. - Kiena is focusing on developing additional mining horizons to improve production flexibility and reliability [4][54]. Strategic Initiatives - The acquisition of Angus Gold has expanded Eagle River's land package and is expected to increase exploration spending by approximately CAD 5 million in 2025 [6][7]. - The company is investing in infrastructure and technical studies to enhance operational efficiency and support future growth [5][56]. 2025 Guidance Update - Eagle River's production guidance has been raised to 105,000 to 115,000 ounces, while Kiena's guidance has been updated to 80,000 to 90,000 ounces due to production challenges [52][54]. - AISC expectations for Kiena have been revised to USD 1,400 to USD 1,575, reflecting increased costs associated with maintenance and operational optimization [55].

Core Viewpoint - Discovery Silver Corp. has reported its financial and operational results for Q2 2025, marking its first quarter as a Canadian gold producer following the acquisition of the Porcupine Complex. The company achieved significant production and financial performance, with plans for further growth and investment in operations [2][3][34]. Financial Performance - Q2 2025 revenue totaled $142.0 million from gold sales of 42,550 ounces at an average realized price of $3,337 per ounce [8][14]. - Net earnings for Q2 2025 were $5.5 million ($0.01 per share), compared to a net loss of $5.1 million in Q2 2024 [6][8]. - Adjusted net earnings were $28.4 million ($0.04 per share), reflecting the impact of acquisition-related costs and foreign exchange losses [8][13]. - Free cash flow for Q2 2025 was $27.3 million, a significant improvement from negative free cash flow in the previous year [10][12]. Production Highlights - Gold production for Q2 2025 was 50,552 ounces, with contributions from Hoyle Pond (16,112 oz), Borden (27,286 oz), and Pamour (7,154 oz) [6][8][30]. - Operating cash costs averaged $1,334 per ounce sold, while all-in sustaining costs (AISC) averaged $2,123 per ounce sold [10][14]. - The company processed 508,791 tonnes at the Dome Mill with an average grade of 3.39 g/t and a recovery rate of 91.3% [18][19]. Capital Expenditures and Investments - Total capital expenditures for Q2 2025 were $44.2 million, with $16.1 million allocated to sustaining capital and $28.1 million to growth capital [10][12]. - Key investment programs included enhancements at Dome Mill and ramping up production at Pamour [4][10]. Future Outlook - The company aims to increase production levels in the latter half of 2025 and plans to ramp up capital investment and exploration programs [5][34]. - A total of 140,000 meters of drilling is targeted for 2025 to support resource conversion and establish an initial reserve statement for the mines [35][36]. Operational Overview - The Porcupine Operations cover approximately 1,400 km in and near Timmins, Ontario, including multiple mine properties and exploration targets [15][40]. - The Dome Mill has a nameplate capacity of approximately 12,000 tonnes per day, with recent operational challenges addressed during a maintenance shutdown [16][18]. Cordero Project - The Cordero Project is one of the world's largest undeveloped silver deposits, with significant investments made to advance its development [32][34]. - The company is awaiting approval for its Environmental Impact Assessment to further progress the Cordero project [39].

Core Viewpoint - Fortuna Mining Corp. reported strong financial and operational results for Q2 2025, highlighting a robust liquidity position and significant production achievements, while also outlining growth opportunities in upcoming projects [2][7]. Financial Highlights - The company achieved free cash flow from ongoing operations of $57.4 million in Q2 2025, a decrease from $66.7 million in Q1 2025 [18]. - Net cash from operating activities before working capital changes was $96.9 million, or $0.32 per share [7][17]. - Attributable net income from continuing operations was $42.6 million, or $0.14 per share, reflecting a QoQ increase of $0.03 [7][16]. - Adjusted EBITDA margins reached a record 55%, up from 50% in Q1 2025, driven by higher realized gold prices [7][16]. Operational Performance - The company delivered a total of 75,950 gold equivalent ounces in Q2 2025, maintaining its annual production guidance [2][7]. - Consolidated AISC (All-in Sustaining Cost) per gold equivalent ounce from continuing operations was $1,932, an increase from $1,752 in Q1 2025, primarily due to capital expenditures and mine waste stripping [15][19]. - The Séguéla Mine produced 38,186 ounces of gold at an average grade of 3.00 g/t, with a cash cost of $670 per ounce [26][29]. Growth and Business Development - The company is advancing the Diamba Sud project in Senegal, reporting an Indicated Mineral Resource of 724,000 gold ounces, with plans for a preliminary economic assessment (PEA) by Q4 2025 [6][8]. - Fortuna completed the divestment of two short-life mines, generating $83.8 million in gross proceeds, allowing for a reallocation of capital towards higher-value opportunities [9]. Capital Expenditures - Total capital expenditures for Q2 2025 included $31.4 million in sustaining capital and $15.6 million in growth capital, reflecting a 56% increase compared to the previous quarter [12][18].

Core Insights - Newmont Corporation (NEM) achieved a significant milestone by reducing its all-in sustaining costs (AISC) to $1,593 per ounce in Q2 2025, a 4% decrease from the previous quarter, primarily due to lower direct operating costs and sustaining capital spending [1][6] - Despite the reduction, NEM anticipates a modest increase in AISC for its core portfolio in Q3 2025 due to higher sustaining capital spending, with a full-year guidance of $1,630 per ounce for 2025, up from $1,516 per ounce in 2024 [2][6] - NEM's operational efficiency is highlighted by its ability to lower AISC amid industry-wide cost pressures, contrasting with peers like Barrick Mining Corporation, which experienced a 22% increase in AISC to $1,775 per ounce in Q1 2025 [2][3] Financial Performance - NEM's shares have surged 71.9% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 55.4%, largely driven by a rally in gold prices [5] - The Zacks Consensus Estimate indicates a year-over-year earnings rise of 39.4% for 2025 and 3.1% for 2026, with EPS estimates trending higher over the past 60 days [7] Valuation Metrics - NEM is currently trading at a forward 12-month earnings multiple of 13.21, representing a 6.5% premium to the industry average of 12.4X, and carries a Value Score of B [8]

Core Insights - Pan American Silver Corp. (PAAS) reported a significant decrease in All-in Sustaining Costs (AISC) for its silver segment in Q1 2025, with AISC at $13.94, a 16% reduction year-over-year and well below the guidance of $21.00-$22.25 [1][9] Cost Performance - The year-over-year improvement in AISC was primarily driven by cost reductions at key mines, particularly at La Colorada, where AISC fell 29% to $19.72 per ounce due to enhanced ventilation conditions [2] - The Cerro Moro mine achieved a negative AISC of $4.40 per ounce, a significant improvement from $6.43 in Q1 2024, attributed to higher gold by-product credits and increased gold prices [3] - At the Huaron mine, AISC decreased by 6% to $13.09 per ounce, benefiting from lower treatment and refining charges and higher by-product credits from zinc and lead [3] Future Outlook - For 2025, PAAS anticipates the silver segment's AISC to be between $16.25 and $18.25 per ounce, indicating an improvement from the $18.98 per ounce in 2024, supported by ongoing cost benefits from La Colorada's ventilation upgrades and increased gold by-product credits from Cerro Moro [4] - The planned acquisition of MAG Silver Corp. could further reduce costs, as the Juanicipio project is expected to have an AISC between $6.00 and $8.00 per ounce in 2025 [5] Peer Comparison - First Majestic Silver (AG) reported an 11% year-over-year decline in AISC per silver equivalent ounce to $19.24 in Q1 2025, driven by the acquisition of Cerro Los Gatos, which added 2.3 million silver equivalent ounces of production [6][7] Stock Performance and Valuation - Year-to-date, PAAS shares have increased by 41.8%, outperforming the industry growth of 31.3% and the Basic Materials sector's rise of 9% [8] - PAAS is currently trading at a forward 12-month price-to-earnings multiple of 17.10X, slightly below the industry average of 18.02X [10] Earnings Estimates - The consensus estimate for PAAS's 2025 earnings is $1.52 per share, reflecting a year-over-year increase of 92.4%, with a 2026 estimate of $1.93, indicating a 27.2% rise [11]

Core Insights - Agnico Eagle Mines Limited (AEM) achieved a significant milestone by reducing its all-in sustaining costs (AISC) to $1,183 per ounce in Q1 2025, a 10% decrease from the previous quarter, primarily due to deferred capital expenditures at key operations [1][6] - In contrast, Newmont Corporation (NEM) reported an AISC of $1,651 per ounce, reflecting a 13% increase, attributed to a decline in production from non-core asset divestments [2] - Barrick Mining Corporation (B) experienced a 22% increase in AISC to $1,775 per ounce, influenced by operational challenges and lower production due to the suspension of operations at its Loulo-Gounkoto mine [3] Company Performance - AEM's record-high operating margin in Q1 2025 highlights its effective cost control measures [1][6] - AEM anticipates higher AISC in the latter part of 2025, forecasting AISC between $1,250 and $1,300 per ounce, indicating a year-over-year increase at the midpoint [4][6] - AEM's shares have increased by 56.6% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 55.6% [5] Valuation and Earnings Estimates - AEM is currently trading at a forward 12-month earnings multiple of 20.26, which is a 41.1% premium to the industry average of 14.36 [8] - The Zacks Consensus Estimate for AEM's earnings implies a year-over-year rise of 42.6% for 2025 and 0.8% for 2026, with EPS estimates trending higher over the past 60 days [9]

Operations - The company produced a total of 115,893 ounces of gold in Q1 2025, with an all-in sustaining cost (AISC) of $1,559 per ounce sold [4][23] - Gold sales reached 116,263 ounces at an average realized price of $2,933 per ounce, reflecting a 41% increase from the previous year [26][29] - Production at Olympias was affected by unplanned maintenance, but production has since recovered to expected levels in Q2 2025 [5][48] Financial Performance - Revenue for Q1 2025 was $355.2 million, a 38% increase from $258.0 million in Q1 2024 [23][26] - Net earnings attributable to shareholders from continuing operations were $72.0 million, or $0.35 per share, compared to $35.2 million, or $0.17 per share, in Q1 2024 [29][30] - Adjusted net earnings were $56.4 million, or $0.28 per share, with adjustments including a $73.5 million recovery on a deferred tax asset [30][29] Cost Analysis - Total cash costs averaged $1,153 per ounce sold in Q1 2025, up from $922 per ounce in Q1 2024, primarily due to higher royalty expenses and labor costs [28][27] - AISC increased to $1,559 per ounce sold from $1,262 in Q1 2024, reflecting higher total cash costs and sustaining capital expenditures [28][65] - Production costs rose to $148.3 million in Q1 2025 from $123.0 million in Q1 2024, driven by increased royalties and labor costs [27][31] Project Updates - At the Skouries project, construction progress reached 66% completion for Phase 2, with a total capital cost estimate of $1.06 billion [6][9] - First production of copper-gold concentrate is expected in Q1 2026, with projected gold production of 135,000 to 155,000 ounces and copper production of 45 to 60 million pounds in 2026 [7][8] - The company is maintaining its 2025 annual production guidance of 460,000 to 500,000 ounces of gold, with production weighted towards the second half of the year [4][6]