Q3 2025 Quarter HighlightsRecord Q3 2025 production of 9,165 Gold Equivalent Ounces (GEOs) Q3 2025 sales of 7,709 GEOsQ3 Operating income of US$14.2M; Net Income of US$1.3M after US$6.4M of Exploration costsConsolidated cash costs of $1,500 per GEO sold and consolidated all-in sustaining costs ("AISC") of $1,825 for Q3 2025US$34.6M in cash, 1,688 unsold gold ounces, working capital of US$46.7M and no debt The Company is on track to achieve its annual production guidance of 31,000 to 41,000 GEOs, annual cas ...

PRECIOUS METALS SUMMIT ZURICH NOVEMBER 2025 TSX:JAG 1 OTCQX:JAGGF DISCLAIMERS AND CAUTIONARY STATEMENTS This presentation ("Presentation") does not constitute an offer of any securities for sale or a solicitation of an offer to purchase any securities, nor does it constitute investment advice or an offering memorandum. Readers should review this Presentation in conjunction with all of the public disclosure of Jaguar Mining Inc. ("the Company") available under the Company's profile on www.sedarplus.ca. This ...

Disclaimer and Forward-Looking Statements This presentation has been prepared solely for information and does not purport to contain all of the information that may be necessary or desirable to fully and accurately evaluate Caledonia Mining Corporation Plc ("Caledonia" or "the Company") or its business prospects. For the purposes of this notice, "presentation" includes this document, any oral presentation, any questions and answer session and any written or oral material discussed or distributed by the Comp ...

Financial Data and Key Metrics Changes - The company reported revenue of $114 million for Q3 2025, a 17% increase from $97 million in Q2 2025, driven by higher production and improved gold prices [4][13] - Gold production reached just over 32,000 ounces in Q3, up 7% from 30,000 ounces in Q2, attributed to higher grades and increased throughput [4][11] - The company ended the quarter with $116 million in cash and cash equivalents, showing a slight improvement from Q2 [4][14] - All-in sustaining costs (AISC) remained consistent at $22.83 per ounce, but guidance for the year was increased to between $2,200 and $2,300 per ounce due to production shortfalls [14][16] Business Line Data and Key Metrics Changes - Production from the Abora site increased significantly, with a 57% rise in ore mined compared to the previous quarter, while Asasi mining was temporarily impacted by an incident [8][9] - Encran stripping increased by 111% compared to Q2, with development capital costs for pre-stripping totaling $12 million in Q3 [10][14] - The secondary crusher's commissioning led to a 13% increase in milling rates compared to Q2, contributing to improved gold production [11][18] Market Data and Key Metrics Changes - The average gold price for the quarter was just over $3,500 per ounce, positively impacting revenue despite a net loss before taxes of $5 million due to fair value adjustments to the hedge book [13][14] - The company has paid $12 million in tax installments to the Ghanaian government, marking the first tax expense since exhausting previous tax losses [13][14] Company Strategy and Development Direction - The company aims to continue investing in operations, particularly accelerating stripping at Encran in 2026, while maintaining a strong focus on exploration [4][14] - The exploration program at Abora has been expanded, with an additional 10,000 meters of drilling planned for completion by the end of the year [21][25] - The company is positioned as Ghana's largest single-asset gold producer, with a robust production outlook supported by strong financial discipline [26][27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that Q3 results fell slightly below expectations due to the incident at Asasi but noted continued positive momentum in operational metrics [26] - The company remains optimistic about exploration success at Abora and the potential for organic growth [26][27] - Management emphasized the importance of maintaining strong community relations to prevent future disruptions [63] Other Important Information - The company is in discussions to implement a $75 million revolving credit facility to enhance its balance sheet for general working capital [18] - The incident at Asasi involved illegal miners and resulted in damage to mining equipment, but operations have since resumed [5][6] Q&A Session Summary Question: Can you walk us through the longer-term impacts of the improvements made to the circuit? - Management indicated that improved grades and recoveries are expected to be maintained into next year, with ongoing optimizations to the secondary crushing circuit [29][32] Question: What is needed to start underground mining related to costs and permitting? - The first step is to define the underground resource at Abora, with expectations for clarity in early next year [35][36] Question: Can you clarify the production from Abora and Asasi? - Management confirmed that more tonnage is being mined at lower grades, but overall ounces remain consistent due to mining methodology [40][41] Question: What are the stockpile levels at the end of Q3? - Stockpile levels were approximately 500,000 tons, with grades consistent with what has been processed [45][47] Question: What is the status of the Ghana audit? - The site audit is scheduled for January next year, with no specific requests for pre-documentation received yet [48][49] Question: How has community relations evolved since the incident? - Management reported that relationships have been maintained and operations resumed shortly after the incident [53] Question: How can unit costs be modeled as volumes increase? - Unit costs are expected to decrease as fixed costs are spread over increased volumes, with modest reductions anticipated [54][55] Question: What is the expected tax range for this year? - The estimated tax range for the year is between $20 million and $30 million, with a 35% effective tax rate for future calculations [56][58] Question: Why implement a revolving credit facility now? - The facility is seen as prudent balance sheet management to provide flexibility [59]

Financial Data and Key Metrics Changes - The company reported GAAP earnings of $0.01 per share, impacted by non-cash derivative market adjustments, while adjusted earnings per share were $0.14 [7] - Revenue for Q3 was approximately $783 million, including $144 million from the delivery of over 66,000 ounces under gold prepay obligations [7][8] - Operating cash flows totaled $171 million in Q3, highlighting strong cash-generating potential [8] Business Line Data and Key Metrics Changes - Fekola, Masbate, and Otjikoto mines exceeded production expectations, resulting in lower than expected cash operating costs per ounce [2] - Goose Mine achieved commercial production, although production was impacted by a crushing capacity shortfall and delays in accessing higher-grade ore [2][3] - The company revised its 2025 gold production guidance for Goose Mine down to between 50,000 and 80,000 ounces due to these challenges [10] Market Data and Key Metrics Changes - The company is positioned to benefit from a strong gold price environment, with an annual gold production target of approximately 1 million ounces [4] - Cash costs per ounce at Fekola were lower than expected, contributing to strong performance in Mali [12] Company Strategy and Development Direction - The company plans to leverage low-cost platforms and extend the life of the Otjikoto mine into the 2030s through the development of the Antelope Underground Deposit [3][13] - The company is focused on ramping up operations at Goose and maintaining strong performance across other operations [42] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing operations in Mali despite political challenges, citing strong government support and international backing [5][6] - The company expects to receive the regional mining permit for Fekola imminently, which will allow for further development [36] Other Important Information - The company has drawn down $200 million on its credit facility to manage working capital timing differences, with expectations to repay by year-end [8][37] - Capital expenditures for Q3 were higher than expected due to the capitalization of site general costs and commissioning costs [39] Q&A Session Summary Question: What grades are expected for Fekola Underground in 2026? - Management targets approximately 4.5 grams with a throughput of about 1,500 tons a day [17] Question: How is the development rate for Fekola Underground progressing? - Development is on or ahead of schedule with the contractor Byrnecut [18] Question: What are the key drivers of cost increases at Goose? - Costs for Q4 are expected to be higher due to lower production, but this is not indicative of future costs [25][26] Question: What caused the delay in accessing Umwelt? - The delay was due to a lack of equipment parts and operators, which has now been resolved [27] Question: What is the potential magnitude of solutions for crushing optimization at Goose? - A third-party consultant is expected to deliver a report in December, with solutions anticipated to be small in magnitude compared to fixing the throughput [31][32] Question: What is the reason for the delays in obtaining regional permits in Mali? - Delays are attributed to bureaucratic processes, but approval is expected imminently [35]

Financial Data and Key Metrics Changes - Gold production in Q3 totaled 73,236 ounces, a 25% increase over Q2, bringing total production for the first nine months of 2025 to 187,000 ounces, tracking the midpoint of full-year guidance of 230,000 to 270,000 ounces [2][3] - Gold revenue for Q3 was $253 million, up 27% over Q2, with adjusted EBITDA of $131 million for Q3 and over $350 million on a trailing twelve-month basis [3][6] - Cash balance at the end of Q3 was $418 million, an increase from $310 million in Q2, reflecting strong cash flow and proceeds from warrant exercises [6][8] - Adjusted net earnings reached $72 million or $0.36 per share, with a 36% increase in AISC margin compared to Q2 [6][7] Business Line Data and Key Metrics Changes - Segovia produced 65,500 ounces of gold in Q3, with an all-in sustaining cost margin of $121.5 million, a 39% increase compared to Q2 [10][11] - Marmato's bulk mining zone construction is progressing, with significant milestones achieved and first gold pour expected in the second half of 2026 [4][17] Market Data and Key Metrics Changes - The company is benefiting from rising gold prices, which have positively impacted revenue and margins [6][8] - The all-in sustaining cost for owner mining was $1,452 per ounce in Q3, trending towards the lower end of the company's full-year guidance [11] Company Strategy and Development Direction - The company plans to advance the Toroparu project to a pre-feasibility study over the next ten months and is also progressing the permitting process for Soto Norte [4][24] - The strategy focuses on becoming a significant gold producer by leveraging growth projects beyond Segovia and Marmato [4][29] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance and the ability to fund growth plans, with a strong position to deliver exceptional growth in annual gold production [3][29] - The company is committed to building on its operational and financial momentum, positioning itself for a successful 2026 and beyond [29] Other Important Information - The company completed a pre-feasibility study for Soto Norte, confirming it as one of the most attractive gold projects in the Americas, with a focus on responsible development [4][24] - The estimated cost to complete the Marmato project is $250 million, with $82 million funded by the Wheaton streaming agreement [17] Q&A Session Summary Question: Update on Segovia plant expansion - Management confirmed that the Segovia plant is currently running at about 2,500 to 2,600 tonnes per day, with expectations to reach 3,000 tonnes per day early next year [32][33] Question: Development sequencing of Toroparu and Soto Norte - Management indicated that Toroparu's pre-feasibility study will be completed in about ten months, while Soto Norte's permitting process will take about eighteen months, suggesting a sequential development approach [35][36] Question: CapEx for Marmato bulk mining zone - Management noted that a sharp increase in capital spending is expected as construction progresses, with contracts signed and mobilization of contractors underway [39]

Core Viewpoint - Agnico Eagle Mines Limited reported strong operational performance and record financial results for Q3 2025, driven by higher gold prices and disciplined cost management, positioning the company to meet its full-year production and cost guidance [2][9]. Financial Performance - Payable gold production for Q3 2025 was 866,936 ounces, with production costs per ounce at $963, total cash costs at $994, and all-in sustaining costs (AISC) at $1,373 [9][14]. - The average realized gold price in Q3 2025 was $3,476 per ounce, significantly exceeding the company's guidance assumption of $2,500 [9][20]. - The company reported a net income of $1,055 million ($2.10 per share) and record adjusted net income of $1,085 million ($2.16 per share) for Q3 2025 [9][21]. - Free cash flow for Q3 2025 was $1,190 million ($2.37 per share), reflecting strong cash generation capabilities [9][21]. Production and Cost Guidance - The company reiterated its full-year gold production guidance of 3.3 to 3.5 million ounces for 2025, with total cash costs and AISC expected to trend towards the higher end of guidance ranges due to elevated gold prices [9][31]. - Total capital expenditures for 2025 are projected to remain between $1.75 billion and $1.95 billion, with capitalized exploration expected between $290 million and $310 million [9][32]. Financial Position - As of September 30, 2025, the company's net cash position increased to $2,159 million, with cash and cash equivalents rising by $797 million and long-term debt reduced by $400 million [9][39]. - Moody's upgraded the company's long-term issuer rating to A3 from Baa1, reflecting a strengthened financial profile [9][38]. Shareholder Returns - A quarterly dividend of $0.40 per share was declared, and the company repurchased 1,005,577 common shares during the quarter at an average price of $149.02, totaling $150 million [9][44][47]. Key Projects and Developments - Significant progress was made on key pipeline projects, including Canadian Malartic, Detour Lake, Upper Beaver, Hope Bay, and San Nicolas, with various stages of development and exploration drilling ongoing [9][48]. - At Canadian Malartic, excavation of the first loading station was completed, and exploration drilling highlighted promising gold grades [9][48].

Core Viewpoint - Wesdome Gold Mines Ltd. reported strong operating results for Q3 2025, achieving record gold production driven by the Eagle River mine, while Kiena mine faced operational challenges [1][4][5]. Q3 and YTD 2025 Operating Performance - Ore milled at Eagle River increased by 23% year-over-year to 71,575 tonnes, while Kiena saw a slight decrease of 2% to 50,147 tonnes [3]. - Average grade at Eagle River improved by 17% to 15.3 grams per tonne, while Kiena's average grade decreased by 22% to 10.2 grams per tonne [3]. - Gold production at Eagle River rose by 45% to 34,296 ounces, while Kiena's production fell by 25% to 16,169 ounces, leading to a total gold production increase of 12% to 50,465 ounces [3][4]. - Production sold increased by 10% year-over-year to 47,400 ounces [3]. Financial Position - The company reported $266 million in cash and total liquidity exceeding $600 million at the end of September 2025, enabling it to pursue organic growth initiatives and return capital to shareholders [6]. - A notice of intention for a normal course issuer bid for Wesdome shares has been filed with the Toronto Stock Exchange [6]. Environmental, Social, and Governance (ESG) Commitment - Wesdome published its sixth annual ESG report, highlighting its commitment to safe operations and partnerships with Indigenous and local communities [7][8]. Upcoming Events - The company will release its financial results on November 4, 2025, followed by a conference call and webcast on November 5, 2025 [1][9].

Core Viewpoint - Abcourt Mines Inc. has successfully initiated operations at the Sleeping Giant Mine, achieving significant milestones in its first quarter of development, including gold processing and underground development [1][5]. Group 1: Operations Overview - Abcourt began processing materials at the Sleeping Giant Mill in mid-August, with the goal of achieving a 95% gold recovery rate from the circuit [2]. - The company has started underground development, rehabilitating existing drifts and accessing production stopes, with production commencing from the first stope in August [3]. - The first phase of the sleep camp and kitchen was completed and commissioned on September 2, alongside civil construction work at the tailing facility [4]. Group 2: Production and Financial Metrics - In the first quarter, Abcourt reported the following operational metrics: - Diamond Drilling: 6,467 meters - Underground Rehabilitation: 1,703 meters - Underground Development: 71.1 meters - Tonnes Milled: 3,511 tonnes - Mill Head Grade: 5.88 g/t - Ounces Milled: 664 ounces - Recovery Rate: 94.9% - Ounces Produced: 630 ounces - Ounces Sold: 26 ounces [5]. - At the end of the quarter, the gold inventory in the circuit was 604 ounces [7].

Hecla Mining Company Conference Call Summary Company Overview - Hecla Mining Company (NYSE:HL) has a long history of 134 years, primarily focused on silver mining in North America, specifically the U.S. and Canada [2][3] - The company is undergoing a generational change in management, with new leadership including CEO Rob Krcmarov, who has extensive experience in mining and finance [3][4] Key Assets - Hecla operates four producing mines: - **Greens Creek**: Located in Alaska, it is the flagship asset, producing silver, gold, lead, zinc, and some copper [3][4] - **Lucky Friday**: Situated in Idaho, it has been producing for about 80 years with a reserve life of nearly 17 years [4][18] - **Keno Hill**: A newer silver-focused mine in the Yukon, with a high grade of 950 grams per ton silver equivalent and a 16-year reserve life [21][22] - **Casa Berardi**: A gold mine in Quebec, combining open-pit and underground operations, generating significant free cash flow [26][27] Financial Performance - In Q2 2024, Hecla produced 13.4 million ounces of silver, making it the largest silver producer in the U.S. and Canada [9] - The average all-in sustaining cost (AISC) for silver production was approximately $13.06, significantly below the peer average [11] - The company reported $69 million in free cash flow from Greens Creek in Q2, contributing to over $100 million in the first half of the year [16] - Hecla's debt was reduced to $268 million by the end of Q2, with plans for further repayment using free cash flow [32][71] Strategic Focus - The management is focused on improving capital allocation and enhancing resource value, aiming to close the valuation gap compared to peers [8][9] - Hecla is committed to maintaining a strong focus on silver, with approximately 40% of Q2 revenue derived from silver sales [6][32] - The company is exploring opportunities in Nevada, with plans for increased exploration spending in the coming year [30][41] Market Outlook - There is a structural deficit in the silver supply, expected to support robust silver prices in the coming years [35] - The management is optimistic about the potential for higher silver prices, which could further enhance cash flow and support debt repayment [61][62] ESG and Safety Initiatives - Hecla emphasizes safety with a program called Safety 365, aiming to improve safety culture across its operations [12][13] - The company is also involved in reclamation work funded by the Canadian government, strengthening relationships with local communities and First Nations [24][50] Additional Insights - The management believes that the Keno Hill mine has significant potential, despite challenges in ramping up production [21][46] - Hecla is not currently pursuing major M&A but is open to low-cost acquisitions that can add value without diluting shareholder equity [69][70] Conclusion - Hecla Mining Company is positioned for growth with a strong focus on silver production, effective debt management, and strategic exploration initiatives. The new management team is committed to enhancing shareholder value through improved capital allocation and operational efficiency.