London, United Kingdom--(Newsfile Corp. - December 8, 2025) - Meridian Mining Plc (TSX: MNO) (FSE: N2E) (OTCQX: MRRDF) ("Meridian" or the "Company") is pleased to announce that Mr. David Halkyard has been appointed as the Company's Chief Financial Officer ("CFO") effective November 25, 20251. In addition, the Company announces the appointment of Ms. Catherine Apthorpe as Corporate Secretary, following the resignation of Ms. Mariana Bermudez. Ms. Apthorpe brings over 20 years' legal experience, including 15 ...

Summary of New Found Gold (NYSEAM:NFGC) 2025 Conference Call Company Overview - **Company**: New Found Gold (NFGC) - **Acquisition**: New Found Gold announced the acquisition of Maritime shares, enhancing its asset portfolio in Newfoundland [1][2] - **Management Changes**: A new board was established in December, with key appointments aimed at strengthening the development and operational focus [3][4] Industry Context - **Location**: Operations are based in Newfoundland, a jurisdiction noted for its favorable mining conditions [2] - **Market Position**: The company is transitioning from an exploration-focused entity to a gold producer, which is expected to enhance its market valuation [5][25] Key Projects - **Hammer Down Mine**: - A high-grade open-pit mine with a projected life of 5-6 years, expected to generate cash flow [5][10] - Fully permitted and financed, with initial ore shipments planned shortly [9][10] - Anticipated production of 40,000 to 50,000 ounces annually at a reserve grade of 4.4 grams per tonne [10] - **Queensway Project**: - Phase one involves a 700 ton per day operation, generating 69,000 ounces annually at a cost of just under $1,300 per ounce [12][13] - Phase two will expand to a 7,000 ton per day plant, targeting 172,000 ounces annually at a cost of less than $1,100 per ounce [13] - Total capital costs for phase one are estimated at $155 million, with phase two projected at $442 million [13] Financial Highlights - **Transaction Terms**: The total cost for the acquisition is $292 million, with a pro forma shareholding value of $69.31 [7] - **Balance Sheet**: Post-acquisition, the company will have a strong balance sheet with approximately $109 million in cash and no debt [7] - **Cash Flow Generation**: The cash flow from Hammer Down will support the equity portion of financing for the Queensway project [25] Strategic Advantages - **Synergies**: The combination of Hammer Down and Queensway provides complementary assets, including two processing facilities, enhancing operational control [6][22] - **Government Support**: The Newfoundland government has been cooperative, with rapid processing of environmental assessments noted [18] - **Local Workforce**: The company expects to utilize a local workforce, benefiting from the regional population's interest in mining jobs [20] Exploration Potential - **Exploration Upside**: The property package includes numerous exploration targets, with a focus on both near-mine and greenfield opportunities [11][55] - **Drilling Results**: Recent drilling has confirmed high-grade veins, with ongoing exploration expected to yield further discoveries [38][46] Shareholder Benefits - **Premiums and Valuation**: The transition to a producer is expected to result in a significant rerate in valuation, with targets set at $3 billion to $3.5 billion in market capitalization over the next five to six years [23][25] - **Institutional Support**: Strong backing from major shareholders, including Eric Sprott and Dundee Corp, enhances confidence in the company's future [24][32] Conclusion - New Found Gold is positioned for significant growth through its strategic acquisitions and operational developments in Newfoundland, with a clear path to becoming a major gold producer in the region [25][30]