Minaurum Launches 25,000 Meter Phase 2 Resource Expansion Drill Program at Alamos Silver ProjectNovember 27, 2025 10:06 AM EST | Source: Minaurum Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - November 27, 2025) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum") is pleased to announce the successful completion of its Phase I -10,000-meter (m) infill maiden resource drill program and the commencement of a Phase II - approximately 25,000 m resource expansion drill program at t ...

Financial Data and Key Metrics Changes - The company reported a net loss of $500,000, or $0.01 per share, compared to a loss of $2.1 million, or $0.04 per share, in the same period last year [17] - Adjusted EBITDA was $11.8 million, or $0.22 per share, compared to $10.5 million, or $0.20 per share, in the corresponding period [17] - The company ended the quarter with $51 million in cash and $24 million in marketable securities, with the cash balance relatively unchanged from the prior quarter [18] Business Line Data and Key Metrics Changes - McEwen Copper advanced the Los Azules project, which is now considered a bankable Tier 1 asset, benefiting from Argentina's Large-Scale Investment Incentive Program [12][13] - The feasibility study for Los Azules indicated a production process designed for low environmental impact, with a projected after-tax NPV of $2.9 billion and an IRR of 19.8% [14] Market Data and Key Metrics Changes - Gold prices are currently just below $4,000 per ounce, up 45% year-over-year, while silver is up 47% and copper is close to $5, up 13% [2] - The company anticipates that the intermediate and long-term prices for metals will be considerably higher, positioning itself favorably in the current market environment [2] Company Strategy and Development Direction - The company aims to achieve an annual production of 250,000-300,000 gold-equivalent ounces by 2030, alongside the development of the Los Azules copper mine [3] - The company is optimistic about the exploration potential of its mining rights, having identified eight significant targets within its holdings [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming temporary setbacks and emphasized the importance of the current favorable metal prices in supporting growth plans [2][3] - The approval of the REGI program for Los Azules is seen as a significant endorsement, providing stability and competitive tax rates for the project [12][13] Other Important Information - The company is set to close the acquisition of Canadian Gold Corp in January, with an updated resource estimate expected by the end of February [6] - Exploration activities are ongoing, with a focus on optimizing the Tartan project and its synergies with other properties [7] Q&A Session Summary Question: Can you elaborate on the vertical integration strategy and potential targets? - The company is exploring vertical integration opportunities, particularly in assay labs, to enhance efficiency and reduce turnaround times for assays [29][30] Question: What is the outlook for Gold Bar production next year? - Management indicated that the recent issues were temporary and that production guidance for next year will be announced shortly [35][36] Question: What is the timeline for the Canadian Gold Corp merger and subsequent resource estimates? - The merger is expected to close in early January, with a resource estimate and preliminary economic assessment to follow [45][46] Question: How does the company estimate its proven resources? - The company estimates its resources similarly to industry standards, with approximately 4.2 million ounces across all operations [53] Question: What is the expected timeline for the Los Azules IPO? - The IPO is now targeted for sometime next year, with expectations of a higher price than the last financing due to the project's attractiveness [68][70]

Core Insights - Midnight Sun Mining Corp. has reported significant assay results from its 2025 drilling campaign at the Kazhiba Main target, with a notable intercept of 7.39% copper over 14.86 meters, including 16.9% over 4 meters [2][4] - The company is advancing towards a maiden resource estimate, expected to be completed in Q4 2025, following a comprehensive drilling program [3][4] Drilling Results - The 2025 drilling campaign at Kazhiba Main has completed 163 holes totaling 5,243 meters, with ongoing diamond drilling expected to continue through November 2025 [3][4] - The initial results from the diamond drilling include high-grade intervals, with previous 2024 RC drilling returning notable grades such as 10.69% copper over 21.0 meters [6][7] Due Diligence and Verification - A due diligence diamond drilling program was initiated to address previous sampling issues, confirming that reported voids were likely misidentified due to technical issues during drilling [7][8] - The company is redrilling 41 holes to obtain a complete soil profile and verify mineralization, with early observations suggesting significant copper intercepts [7][8] Expansion Potential - The Kazhiba East RC drilling program has commenced, targeting three Partial Ionic Leach soil sample copper anomalies, with plans for a total of 100 RC drill holes [5][6] - The geological profile of Kazhiba East is similar to Kazhiba Main, indicating potential for additional near-surface oxide resources [5][6] Company Strategy and Goals - Midnight Sun's President & CEO emphasized the systematic approach towards defining the Kazhiba resource, highlighting the high-grade, near-surface opportunity [4][17] - The company aims to establish a solid understanding of the mineralized footprint to support future resource development in the Zambia-Congo Copperbelt [17]

Core Viewpoint - Aya Gold & Silver Inc. strongly refutes the claims made in a short-seller report, asserting that the allegations are misleading and intended to benefit the short seller at the expense of shareholders [1][2]. Group 1: Resource and Production - Aya has produced over 10 million ounces of silver since 2020, with production consistently reconciling against published resource estimates, reinforcing the reliability of its resource base [6]. - The March 2021 resource model was supported by 76,000 meters of drilling, which increased to 121,500 meters by December 2021, and further expanded by an additional 231,000 meters from December 2021 to June 2025, enhancing confidence in the resource base [6]. - The mineral resource estimate for Zgounder has been prepared and verified by independent Qualified Persons, confirming the credibility of Aya's resource estimates [4][6]. Group 2: Financial Strength and Growth Plans - Aya has a robust balance sheet with approximately US$115 million in cash and generates operating cash flow from Zgounder, allowing for self-funding of growth initiatives [5][6]. - An updated technical report for Zgounder is expected to be published before year-end 2025, which will include a new mine plan incorporating both open-pit and underground operations [5][7]. - A Preliminary Economic Assessment for Boumadine is also on track for release before year-end, indicating ongoing growth potential [5][6]. Group 3: Management and Governance - The management team is focused on maximizing shareholder value through sustainable operations and rigorous governance [10][11]. - Aya emphasizes transparency and independent third-party verification in its operations, aiming to build long-term value for shareholders [7][8].

Core Viewpoint - Aya Gold & Silver Inc. strongly refutes the claims made in a short-seller report, asserting that the allegations are misleading and intended to benefit the short seller at the expense of shareholders [1][2]. Group 1: Resource and Operations - Aya has produced over 10 million ounces of silver since 2020, with production aligning with reserve estimates, reinforcing the reliability of its resource base [7]. - The resource model for Zgounder has been supported by extensive drilling, with a total of 121,500 meters completed by December 2021 and an additional 231,000 meters from December 2021 to June 2025, enhancing confidence in the resource base [7]. - The mineral resource estimate for Zgounder has been independently verified by P&E Mining Consultants Inc. in compliance with National Instrument 43-101 [4][7]. Group 2: Financial Strength - Aya maintains a robust balance sheet with approximately US$115 million in cash and generates operating cash flow from Zgounder, allowing for self-funding of growth initiatives [6][7]. - The company is on track to release a Preliminary Economic Assessment for Boumadine before year-end, indicating ongoing investment in growth opportunities [7]. Group 3: Future Developments - An updated technical report for Zgounder is expected to be published before year-end, which will include a new mine plan integrating both open-pit and underground operations [5][8]. - Recent drilling continues to confirm extensions at Zgounder, while Boumadine is advancing as a tier-one growth asset, showcasing the company's commitment to long-term value creation [8].

Core Viewpoint - Nord Precious Metals Mining Inc. is conducting a non-brokered private placement to raise between $1 million and $4 million to support its mining operations and resource development efforts [1][4]. Financing Details - The Offering consists of a minimum of 8,333,333 Units and a maximum of 33,333,333 Units priced at $0.12 per share [1]. - Each Unit includes one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.155 for five years [2]. - The Offering is expected to close around September 26, 2025, subject to regulatory approvals [8]. Use of Proceeds - The net proceeds will be used for testing tailings recovery, pilot testing of the Re-2Ox process, and diamond drilling on the Castle East Property [4][7]. - Specific objectives include advancing resource work, submitting Recovery Permit materials, and funding administrative expenses [7]. Company Overview - Nord operates a high-grade milling facility in Ontario's Cobalt Camp and has a flagship property that includes 63 sq. km of exploration ground with significant silver resources [13]. - The company has delineated 7.56 million ounces of silver in inferred resources with an average grade of 8,582 g/t Ag [13]. - Nord's integrated processing strategy focuses on recovering multiple metals, including cobalt and nickel, to meet the growing demand for battery materials [14]. Advisory and Finder Arrangements - Research Capital Corporation has been engaged as the exclusive finder for the Offering, receiving an 8% cash commission and warrants [9][10]. - The company will also pay a fee of $25,000 to the advisor for financial advisory services [10]. Related Party Transactions - Participation by insiders in the Offering will be considered a related party transaction but is expected to be exempt from certain formal requirements [11].