Accessibility StatementSkip Navigation Greenway Greenhouse Cannabis Corporation Logo (CNW Group/Greenway Greenhouse Cannabis Corporation) KINGSVILLE, ON, Dec. 1, 2025 /PRNewswire/ - Greenway Greenhouse Cannabis Corporation (CSE: GWAY) Â (OTCQB: GWAYF) ("Greenway" or the "Company"), a cultivator of high-quality greenhouse cannabis for the Canadian market, today filed its unaudited condensed interim financial statements for the three and six months ended September 30, 2025. For the three months ended Septembe ...

Summary of Jaguar Mining Conference Call Company Overview - **Company**: Jaguar Mining (OTCPK:JAGG.F) - **Location**: Brazil, specifically in the Minas Gerais state near Belo Horizonte - **Type**: Mid-tier gold producer - **Production History**: 20 years since founding in 2002 - **Current Operations**: Three complexes - Caeté (in production), Paciência (care and maintenance since 2012), and Turmalina (production halted due to incident) [2][3] Key Financials and Production Metrics - **Measured and Indicated Resources**: 1.66 million ounces - **Inferred Resources**: 1.68 million ounces - **Reserves**: 764,000 ounces at a grade of 4 grams per ton - **Production (2025)**: 40,000 ounces from Pilar mine at a cost of $1,845 per ounce, generating an adjusted EBITDA of nearly $60 million [3][6][9] Incident and Financial Impact - **Incident**: Dry stacking pile slump at Turmalina mine in December - **Community Compensation**: $10 million - **Environmental Fine**: $11 million - **Lawsuit Settlement**: $7 million - **Total Costs from Incident**: $27 million, manageable through installment payments over 1 to 5 years [6][7][8] Strategic Pillars for Growth 1. **Maximize Core Assets**: Focus on extracting maximum value from current mines and plants, with all plants having spare capacity [5] 2. **Leverage Exploration Portfolio**: 46,000 hectares of mineral rights in the Iron Quadrangle, with a five-year exploration plan targeting 220,000 meters of drilling to define 1 million ounces per year [5][12][13] 3. **Pursue Strategic Opportunities (M&A)**: Targeting assets that can sustain at least 100,000 ounces of production per year, focusing on junior companies with advanced projects [5][19] Future Production Plans - **Turmalina Restart**: Expected in Q1 2026 after stabilization work and geotechnical report [8] - **São Isabel Mine**: Under reassessment for reopening [9] - **Onças de Pitaingui Project**: Greenfield project with 284,000 ounces of reserve at 4.16 grams per ton, expected to add 42,000 ounces per year starting in 2027 [10] Exploration Potential - **Targets**: Identified potential for new deposits similar to world-class mines in the region (Cuiabá and Morro Velho) [11][12] - **Chamet Target**: Potential for 1 million ounces of endowment based on historical high-grade material found [16] - **Pilar Mine**: Additional exploration potential could yield another 500,000 ounces [18] Market Position - **Valuation**: Jaguar is trading at a significant discount compared to peers, presenting a potential investment opportunity [19][20] - **Major Shareholder**: Eric Sprott holds 47% of the company, indicating strong support [20]

Summary of Jaguar Mining Conference Call (October 08, 2025) Company Overview - **Company**: Jaguar Mining Inc. (OTCPK:JAGG.F) - **Industry**: Gold Mining - **Location**: Minas Gerais, Brazil - **Market Capitalization**: Over $500 million [6][59] Key Points and Arguments Current Operations and Production - Jaguar Mining is a mid-tier gold producer with three mining complexes: Caeté, Paciencia, and Turmalina [4][5] - The Caeté complex is currently in production, with an expected output of approximately 40,000 ounces of gold by the end of 2025 [10][29] - The Turmalina complex is planned to restart in Q1 2026 after addressing a dry stack tailings incident [5][11] - Historical production from Turmalina was between 30,000 to 35,000 ounces per year [26] Financial Performance - As of June 2025, the company produced nearly 21,000 ounces of gold at a grade of 4 grams per ton, with an all-in sustaining cost of $1,725 per ounce, resulting in an adjusted EBITDA of $43.3 million [10][11] - Future projections suggest that with the restart of Turmalina and the Santa Isabel mine, production could double to around 80,000 ounces in 2026 [29] Growth Strategy - The growth strategy is based on three pillars: 1. **Maximizing Core Assets**: Focus on increasing production from existing mines [9][10] 2. **Exploration Portfolio**: A five-year exploration plan targeting 220,000 meters of drilling to identify new resources, with potential to discover between 4.5 to 8 million ounces in the Iron Quadrangle [37][40] 3. **M&A Opportunities**: Targeting projects in pre-feasibility or feasibility stages that are held by junior companies, particularly those that have secured preliminary licenses but face challenges in obtaining installation licenses [51][54] Incident Management - The company faced a dry stack tailings incident at Turmalina in December 2024, which required the relocation of nearby residents but resulted in no casualties [11][24] - Compensation for affected families is estimated at $10 million, with an additional $11 million in environmental fines [24][29] Market Position and Valuation - Jaguar Mining is currently trading at a significant discount compared to peers, with a P/NAV of 45% and a P/CF of 53% [57] - The company has a strong cash position of approximately $76 million, bolstered by a recent equity raise of $25 million [61][62] Future Outlook - The company aims to ramp up production to over 100,000 ounces per year within three to five years, potentially reaching 200,000 to 300,000 ounces with new projects [30][56] - The Onça de Pintangue project, acquired from IAMGOLD, is expected to contribute an additional 42,000 ounces per year starting in 2027 [30][33] Conclusion - Jaguar Mining is positioned for growth with a robust strategy focused on maximizing existing assets, exploring new opportunities, and pursuing strategic acquisitions. The company is well-capitalized and aims to leverage its strong operational base to attract more sophisticated investors as it scales production [58][85]

Financial Data and Key Metrics Changes - The company aims for mid-single-digit growth while expanding margins, indicating a focus on profitability alongside revenue growth [5][30] - The CFO noted that 80% of the supply chain is U.S. sourced, with 10% from China and 7% from Mexico, which positions the company well against tariff pressures [23] Business Line Data and Key Metrics Changes - The core business categories, including body care, home fragrance, soaps, and sanitizers, are all growing, and the company plans to innovate and sharpen stories in these areas [17] - The company is focusing on fewer categories to drive productivity and better full-price selling, moving away from overwhelming assortments [19][20] Market Data and Key Metrics Changes - The company has launched products into 600 college bookstores, targeting a younger demographic and expanding its market reach [15] - The semi-annual sale performed well, with strategic changes made to timing and assortment to align with consumer mindset [40] Company Strategy and Development Direction - The company is committed to putting the consumer at the center of every decision, emphasizing the importance of understanding consumer needs through direct engagement [6][8] - There is a strategic shift towards enhancing digital presence and improving product efficacy, with plans for new packaging to better communicate product benefits [10][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the need to attract new consumers to capture growth in the sector, despite strong repeat purchases from existing customers [9] - The CEO expressed confidence in the company's ability to mitigate tariff impacts through supply chain optimization and assortment adjustments [23] Other Important Information - The loyalty program has grown to 39 million members, with ongoing enhancements to increase customer engagement and retention [32] - The company is exploring new distribution channels to reach consumers more effectively, indicating a shift in how brands are perceived by consumers [15] Q&A Session Summary Question: What is the expectation for the consumer environment in the second half of 2025? - Management expects consumer spending habits to remain about the same as the first half of the year [34] Question: How do you view price elasticity and consumer response to pricing changes? - There is price elasticity, and consumers will pay for well-marketed products, but there will also be moments when value-seeking behavior drives traffic [36] Question: What are the expectations for inventory growth and potential shipment disruptions? - Inventory is expected to increase in the second half, but no disruptions in shipments are anticipated [37] Question: How are non-tariff margin drivers expected to change? - No significant changes in costs are expected, and the company will continue to manage external pressures effectively [37] Question: What are the thoughts on market share consolidation in light of recent bankruptcies? - The company is focused on taking market share and leveraging its profitable platform to drive growth [38] Question: Can you discuss the changes made during the semi-annual sale? - The semi-annual sale was pushed back to better align with consumer mindset, and leveraging social influencers helped create buzz [40]