Core Viewpoint - Driven Brands Holdings Inc. has announced a definitive agreement to divest its international car wash business, IMO, to Franchise Equity Partners for €406 million, which is aimed at simplifying its portfolio and strengthening its balance sheet [1][2][3]. Financial Impact - The divestiture is expected to reduce the company's pro forma leverage by approximately 0.3x, with a target to achieve a net leverage ratio of 3x by the end of 2026 [3]. - Cash proceeds from the transaction will primarily be utilized to pay down debt and for general corporate purposes [4]. - The company has updated its fiscal year 2025 outlook, projecting revenue of approximately $1.85 - $1.87 billion and Adjusted EBITDA of around $445 - $455 million [5]. Operational Changes - The international car wash business will be reported as discontinued operations starting in the fourth quarter of 2025, while Auto Glass Now will be reported as a stand-alone segment [4]. - Same store sales growth is now expected to be slightly below the original range of 1% to 3% due to the reclassification of the car wash business [6]. - The company continues to anticipate net store growth of approximately 175 to 200 locations [7]. Strategic Focus - The divestiture allows Driven Brands to sharpen its focus on its core North American businesses, particularly scaling Take 5 and enhancing cash generation through its franchise brands [2]. - The transaction is expected to close in the first quarter of 2026, pending regulatory approvals [3].

Core Viewpoint - Golconda Gold Ltd. reported a significant increase in gold production for Q3 2025, achieving 3,588 ounces, marking an 18% rise from Q2 2025 and a 51% increase from Q3 2024, driven by enhanced mining activities at the Princeton orebody [1]. Production Summary - Q3 2025 gold production: 3,588 ounces - Q2 2025 gold production: 3,030 ounces - Q3 2024 gold production: 2,384 ounces - Ore mined from Princeton increased by 81% compared to Q2 2025 [1]. Mining and Processing Data - Total ore mined in Q3 2025: 40,503 tons - Total ore grade in Q3 2025: 3.31 g/t - Total waste in Q3 2025: 18,290 tons - Concentrate produced in Q3 2025: 3,229 tons with a grade of 34.6 g/t [1]. Future Plans - The company plans to commence mining on a second level of the Galaxy ore body by the end of 2025, which will add an additional ore source to the processing plant [1]. - The company is focused on de-leveraging its balance sheet and investing in further expansion at Galaxy, including refurbishing existing infrastructure [1]. Company Overview - Golconda Gold is an un-hedged gold producer and explorer with operations in South Africa and New Mexico, committed to world-class operational standards and community contributions [2]. - The management team consists of senior mining professionals with extensive experience in mining and processing operations [2].