LAS VEGAS, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company will be reporting this week increased gold and silver production and gross profit for the third quarter period ending September 30th, as gold and silver forecasts remain strong. From AABB’s second quarter results, the mining team achieved a 40% increase in production during the third quarter with added capacity and operational efficiencies. The Company also retained ...

Financial Data and Key Metrics Changes - Revenues for Q1 fiscal 2026 increased 36% to $3.68 billion from $2.72 billion in Q1 of last year, with a 27.6% increase excluding forward sales [8] - Gross profit for Q1 fiscal 2026 increased 68% to $72.9 million, or 1.98% of revenue, compared to $43.4 million, or 1.6% of revenue in Q1 of last year [8] - SG&A expenses for Q1 fiscal 2026 increased 125% to $59.8 million from $26.6 million in Q1 of last year [9] - Net loss attributable to the company for Q1 fiscal 2026 totaled $900,000, or $0.04 per diluted share, compared to net income of $9 million, or $0.37 per diluted share in Q1 of last year [11] - EBITDA for Q1 fiscal 2026 totaled $14.3 million, a 20% decrease compared to $17.8 million in the same quarter last year [12] Business Line Data and Key Metrics Changes - The number of gold ounces sold in Q1 fiscal 2026 was 439, up 10% from Q1 of last year and up 27% from the prior quarter [12] - Silver ounces sold in Q1 fiscal 2026 totaled 10.4 million, down 49% from Q1 of last year and down 34% from the prior quarter [13] - The number of new customers in the DTC segment was 69,400 in Q1 fiscal 2026, up 25% from Q1 of last year but down 36% from the previous quarter [13] - Total customers in the DTC segment at the end of Q1 were approximately 4.3 million, a 37% increase from the prior year [13] Market Data and Key Metrics Changes - International operations, particularly in Asia with LPM, delivered sizable contributions this quarter, indicating strong future potential [7] - Demand for gold and silver has increased significantly in September and October, reversing a trend of subdued demand in July and August [6][24] Company Strategy and Development Direction - The acquisition of Monex Deposit Company is expected to strengthen the company's DTC presence and operational synergies [3][4] - The rebranding to Gold.com aims to modernize the corporate identity and enhance operational excellence while expanding into adjacent categories [4][5] - The company is focused on integrating recent acquisitions and optimizing operations to capture economies of scale [6][20] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the year ahead, citing momentum from recent acquisitions and a strong balance sheet [15] - The company is well-positioned to capitalize on heightened volatility in the market and is focused on creating lasting value for shareholders [15] Other Important Information - The company has seen a significant increase in investor interest in gold and silver, which has influenced recent demand trends [4][24] - The transition to Gold.com is set to take place on December 2nd, marking a significant milestone for the company [5] Q&A Session Summary Question: Current thoughts on strategic M&A - Management is always looking for opportunities that align with overall goals and is open to expanding both domestically and internationally [17][18] Question: Thoughts on stablecoins and gold demand - Gold demand has been strong, driven by central bank buying and increased consumer interest, particularly in September and October [22][23] Question: Sustainability of recent demand trends - Management noted that customer behavior can change rapidly, and while recent demand has been strong, it remains to be seen if it will continue [29][30] Question: When will expenses start to synergize with acquisitions? - Management is focused on reducing costs and improving efficiency while integrating acquisitions, with a goal of increasing EBITDA in line with gross profit [35][36] Question: Factors behind the decision to acquire Monex - The long-standing relationship with Monex and the alignment of business models were key factors in the decision to acquire the company outright [41][42] Question: Combining DTC brands under one umbrella - Management believes in the value of maintaining distinct brands while promoting a unified corporate identity through Gold.com [45][46] Question: Logistics capacity post-M&A - The company has significantly upgraded logistics capacity and is well-positioned to handle increased demand, with the ability to ship a high volume of packages efficiently [52][53]

Core Insights - A-Mark Precious Metals, Inc. reported its fiscal first quarter results for the period ending September 30, 2025, and announced a definitive agreement to acquire Monex Deposit Company, a major direct-to-consumer precious metals dealer in the U.S. [1][3] Acquisition Details - The acquisition of Monex is valued at $33 million, comprising $19 million in cash and $14 million in A-Mark common stock, with a holdback of 29% of the common stock for potential indemnification claims. An additional deferred purchase price of up to $20 million is contingent on achieving specified pre-tax income levels [5][3]. - Monex generated total revenue of $835 million in 2024 and held $630 million in assets under custody as of September 30, 2025, enhancing A-Mark's direct-to-consumer presence and operational synergies [2][3]. Financial Performance - A-Mark's revenues for the first quarter of fiscal 2026 increased by 36% to $3.68 billion compared to $2.72 billion in the same quarter of the previous year, and by 47% from $2.51 billion in the prior quarter [11][26]. - Gross profit rose 68% to $72.9 million, with a gross profit margin of 1.98%, up from 1.60% in the same quarter last year [11][27]. - The company reported a net loss of $0.9 million, a significant decrease from a net income of $9.0 million in the same quarter of the previous year [17][33]. Operational Highlights - Gold ounces sold increased by 10% to 439,000 ounces, while silver ounces sold decreased by 49% to 10.4 million ounces compared to the same quarter last year [29][11]. - The Direct-to-Consumer segment contributed 23% of consolidated revenue in the first quarter of fiscal 2026, up from 18% in the same quarter of the previous year [26][27]. Cost Management - Selling, general and administrative expenses surged by 125% to $59.8 million, primarily due to increased compensation, advertising, and consulting costs, reflecting the integration of recent acquisitions [28][27]. - Depreciation and amortization expenses increased by 61% to $7.6 million, driven by amortization related to acquired intangible assets [30][11]. Market Position - A-Mark operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending, with a diverse customer base including mints, manufacturers, and retail customers [38][40]. - The company is well-positioned to leverage its integrated platform and expand its market share in the precious metals industry following the acquisition of Monex [3][4].

Core Insights - SSR Mining reported third-quarter 2025 financial results, falling short of analysts' revenue expectations with sales of $385.8 million compared to the anticipated $400.1 million, leading to a decline in stock price [1][3] - The company provided a lackluster production guidance for the end of 2025, projecting gold equivalent ounces (GEO) production between 410,000 to 480,000, which is slightly above the 399,267 ounces produced in 2024 [4] - SSR Mining's all-in sustaining costs (AISC) for 2025 are projected to be between $2,090 to $2,150 per GEO, higher than the $1,878 reported in 2024, indicating rising cost pressures [5] Financial Performance - SSR Mining's revenue for Q3 2025 was $385.8 million, missing the expected $400.1 million [3] - Adjusted earnings per share met expectations at $0.32 [3] Market Reaction - Following the earnings report, SSR Mining's stock fell by 9%, recovering slightly from an earlier decline of 16.2% [1] Valuation and Investment Outlook - SSR Mining is currently trading at 8.9 times operating cash flow, which is a premium compared to its five-year average cash-flow multiple of 5.9, suggesting it may not be an attractive investment opportunity at this time [6][7] - The company's projected higher costs and lack of strong production guidance further indicate that it may not be the best option for investors seeking exposure to precious metals [6][7]

Financial Data and Key Metrics Changes - Assets under management (AUM) increased by $9 billion during the quarter, reaching $49.1 billion, a 23% increase from $40 billion as of June 30, and a 56% increase from $31.5 billion as of December 31, 2024 [3][6] - Net income for the quarter was $13.2 million, up 4% from $12.7 million year-over-year, while year-to-date net income was $38.6 million, up 3% from $37.6 million [7][10] - Adjusted EBITDA for the quarter was $31.9 million, a 54% increase from $20 million year-over-year, and year-to-date adjusted EBITDA was $79.3 million, up 26% from $62.8 million [10] Business Line Data and Key Metrics Changes - The managed equities business performed exceptionally well, with some strategies up more than 100% as of October 31 [4] - The physical trusts segment finished October at $39.4 billion, representing 76% of overall AUM, with year-to-date growth of $15.4 billion or 64% [12] - The ETF product suite saw AUM growth of 83% this year, with most ETFs exceeding break-even AUM levels [15] Market Data and Key Metrics Changes - The company experienced record high net flows in September, with the highest-ever monthly sales number achieved across 18 different funds [14] - The uranium market saw a price increase, with the term price reaching a multi-year high of $86, indicating strong demand [25] - The silver market experienced a dislocation, with significant trading activity and movement of physical silver between markets [55] Company Strategy and Development Direction - The company is focused on expanding its suite of funds to include a broader range of metals and listing ETFs across multiple jurisdictions to attract institutional investors [14] - The strategic importance of critical material supply chains and energy security is emphasized, with the U.S. government ramping up interventions in critical materials markets [20] - The company aims to leverage the strengths of its investment team through actively managed ETFs, which are gaining popularity among investors [18] Management's Comments on Operating Environment and Future Outlook - Management noted that the current environment is favorable for multiple metals, driven by geopolitical shifts and the demand for critical materials due to AI infrastructure build-out [13][20] - The company believes that gold is chronically under-owned among U.S. investors, suggesting potential for significant price increases with slight allocation adjustments [19] - The outlook for critical materials remains strong, with government initiatives aimed at securing supply and reducing reliance on foreign sources [20] Other Important Information - The board declared a third-quarter dividend of $0.40 per share, a 33% increase from the previous quarter [4][10] - The company announced the strengthening of its executive team with new appointments, signaling confidence in its leadership [5] Q&A Session Summary Question: Challenges in sourcing uranium material - Management indicated that sourcing uranium has been active, with 7 million pounds purchased in the spot market since late June, despite market tightness [24] Question: Impact of ETF growth on net flow volatility - Management explained that physical trusts are less volatile than mining stocks, and institutions typically start with physical allocations before moving to equities [28] Question: Flows in the quarter and institutional demand - Management noted that flows have been largely institutional-driven, with a mix of retail and institutional interest, and a growing trend of institutional allocations to the space [36] Question: Plans for cash on the balance sheet - Management expressed commitment to not building a money market fund, indicating plans for potential acquisitions and continued share buybacks [42] Question: Update on uranium trust inventory and U.S. origin material - Management clarified that a small percentage of uranium inventory is of U.S. origin, with ongoing discussions about a strategic uranium reserve by the U.S. government [52] Question: Insights on the physical silver market - Management provided insights into recent dislocations in the silver market, highlighting significant trading activity and the movement of silver between jurisdictions [55]

Financial Data and Key Metrics Changes - Franco-Nevada reported record financial results for Q3 2025, with total revenue increasing by 77% to $487.7 million compared to Q3 2024 [12][16] - Adjusted EBITDA also reached a record, up 81% to $427.3 million from $236.2 million in the prior year [12][16] - Adjusted net income was $275 million, or $1.43 per share, reflecting a 79% increase year-over-year [13][16] - The average gold price increased by 40% year-over-year, while the average silver price rose by 34% [9][10] Business Line Data and Key Metrics Changes - Total GEOs sold increased by 26% to 138,772 in Q3 2025, compared to 110,110 in Q3 2024 [10][12] - Precious metal GEOs sold were 119,109, up 41% from the previous year [10][12] - Approximately 11,000 GEOs were delivered and sold from Cobre Panama, contributing to the strong performance [11] Market Data and Key Metrics Changes - 85% of revenue in Q3 2025 was derived from precious metals, with 88% of revenue sourced from the Americas [14][16] - The company experienced a significant increase in natural gas prices year-over-year, while iron ore prices remained flat [9][10] Company Strategy and Development Direction - The company aims for approximately 50% growth in GEOs over five years compared to last year, supported by recent acquisitions and the potential restart of Cobre Panama [5][6] - Franco-Nevada is focused on maintaining a disciplined approach to acquisitions, emphasizing organic growth alongside new deals [21][27] - The company is exploring opportunities in Australia and remains open to diversifying into other commodities like natural gas and lithium if good value is found [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the resolution of the Cobre Panama mine closure and the potential for a positive shift in public sentiment towards mining in Panama [5][81] - The company is encouraged by the recent performance of its key assets and the overall strong cash flow generation [4][9] - Management highlighted the importance of critical minerals and the positive developments in permitting processes for various projects [7][8] Other Important Information - The company reached a settlement with the Canada Revenue Agency regarding tax disputes for its Mexican and Barbadian subsidiaries, resulting in no tax payment required for foreign earnings during the specified period [16][17] - Franco-Nevada remains debt-free, with total available capital exceeding $1.8 billion as of September 30, 2025 [16] Q&A Session Summary Question: Can you talk about the commodity focus in the deal pipeline? - Management indicated that the primary focus remains on precious metals, with good prospects for adding more gold deals, while also being open to diversified opportunities if they present good value [21][24] Question: Will the focus shift more towards organic growth rather than new deals? - Management clarified that while there is strong organic growth potential, the focus will still be on acquiring new deals, maintaining discipline in the current market environment [27] Question: How does the recent gold price environment affect shareholder returns? - Management stated that the priority remains on adding quality assets, with plans to increase dividends sustainably, but share buybacks are not currently being considered [35][36] Question: What is the visibility on mining from different areas into Q4? - Management acknowledged limited visibility but expressed optimism about the performance of Musselwhite and Hemlo under new ownership [40][44] Question: What are the expectations for the restart of Cobre Panama? - Management is optimistic about the timeline for the restart, citing positive government comments and ongoing preparations [80][81] Question: How does the company view Argentina as a mining jurisdiction? - Management expressed a positive outlook on Argentina, highlighting recent regulatory changes that could attract investment [92][93]

Summary of Precious Metals Conference Call Industry Overview - The conference call focused on the precious metals sector, particularly gold, silver, and platinum group metals (PGMs) [1][2]. Key Points on Gold - **Price Outlook**: Gold is expected to reach $4,500/oz by mid-2026, supported by strong physical demand and macroeconomic factors [3][54]. - **Market Dynamics**: Recent price corrections have brought gold to healthier levels after being in 'overbought' territory. The price peaked at around $4,300/oz in October 2025 [3][13]. - **ETF Demand**: Significant ETF buying has reversed four years of net selling, with 19 million ounces (618 tonnes) purchased in 2025, closely linked to Fed policy shifts [12][35]. - **Risks**: Potential risks include price volatility, central bank reserve reductions, and competition from other asset classes [3][55]. Key Points on Silver - **Market Conditions**: Silver has experienced a physical squeeze due to a multi-year deficit, rising ETF holdings, and seasonal demand spikes [4][56]. - **Demand Drivers**: The solar sector has significantly increased silver demand, with a projected 7% CAGR from 2020 to 2025. However, demand growth may peak in 2025 as installations plateau [63][75]. - **Price Performance**: Silver prices surged to over $54/oz, driven by tight supply and increased demand, but may lag behind gold moving forward [56][76]. Key Points on Platinum Group Metals (PGMs) - **Market Correlation**: PGMs are positively correlated with gold and silver, but face unique risks. The removal of VAT exemptions on Chinese platinum imports could dampen demand [5][80]. - **Trade Risks**: Ongoing trade risks, particularly concerning palladium imports from Russia, are significant, with recent petitions filed against Russian imports [5][81]. Additional Insights - **Central Bank Activity**: Central banks added 220 tonnes of gold in Q3 2025, but overall purchases are down 12.5% year-to-date, indicating a potential decline in full-year buying below 1,000 tonnes for the first time since 2021 [30][34]. - **Jewelry Demand**: Jewelry demand remains weak in volume but robust in value, with signs of stabilization in key markets like India and China [41][42]. - **Supply Constraints**: Gold mine supply growth has been flat to down since 2019, and silver supply is largely a by-product of other metal mining, complicating supply responses to price changes [43][71]. Conclusion - The precious metals market is poised for potential upside, particularly for gold and silver, driven by macroeconomic factors and demand dynamics. However, risks from central bank actions, trade policies, and market volatility remain critical considerations for investors [53][76].

This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. NEW YORK, Oct. 31, 2025 (GLOBE NEWSWIRE) -- via InvestorWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public compani ...

Investment Backdrop for Precious Metals - The article evaluates the investment landscape for precious metals, specifically gold and silver, highlighting the potential of the Sprott Physical Gold and Silver Trust (CEF) as an investment opportunity [1]. Author's Background and Investment Strategy - The author has 15 years of experience in financial services, focusing on identifying undervalued sectors and thematic investment ideas, particularly in metals, gold, and cryptocurrency [1]. - The author emphasizes a disciplined approach to saving and investing, which has led to significant financial success over time [1]. Investment Portfolio and Focus Areas - The investment portfolio includes a variety of assets such as broad market indices (DIA, VOO, QQQM), sector-specific investments (XLE, IXC), and alternatives like Bitcoin and gold [1]. - The author specializes in macro analysis within the CEF/ETF Income Laboratory, targeting safe and reliable yields of approximately 8% through managed income portfolios [1].

Core Insights - Gold prices have reached an all-time high of $4,300 per ounce, driven by investor preference for safe-haven assets amid trade tensions between the U.S. and China [1] - Silver has also surged, hitting $52 per ounce, marking a 60% increase since April [1] Group 1: Market Dynamics - The rally in precious metals may be influenced by both speculative trading and fundamental factors [2] - The commodities sector, particularly precious metals, is less susceptible to retail trader influence compared to individual stocks [3] - Factors driving investment in gold and silver include a weak U.S. dollar, political instability, central bank buying, and increased industrial demand [7] Group 2: Investment Vehicles - Exchange-traded funds (ETFs) are recommended for gaining exposure to precious metals without the challenges of physical ownership [4] - iShares Silver Trust (SLV) offers high liquidity and holds physical silver, with $26.95 billion in assets under management [8][9] - abrdn Physical Precious Metals Basket Shares ETF (GLTR) provides diversified exposure to multiple precious metals, with a focus on gold [10][11] - Invesco DB Precious Metals Fund (DBP) invests in futures contracts to minimize tax implications, with a unique tax treatment under Section 1256 of the tax code [12][13][14]