Nexa Resources Reports Strong 3Q25 Results with Net Income of US$100 MillionSolid operational performance and favorable metal prices drive significant quarterly improvement in profit and cash generationOctober 30, 2025 4:50 PM EDT | Source: Nexa ResourcesLuxembourg, Luxembourg--(Newsfile Corp. - October 30, 2025) - Nexa Resources (NYSE: NEXA), one of the world's leading zinc producers, reported net income of US$100 million in 3Q25, compared to US$13 million in 2Q25 and US$6 million in 3Q24. Th ...

GOUVERNEUR, N.Y., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX: TI, OTCQB: TIMCF) (“Titan” or the “Company”), an existing zinc concentrate producer in upstate New York and an emerging natural flake graphite producer, a key component in the broader rare earths and critical minerals ecosystem, today announced that it has received pre-clearance from the NYSE American LLC (the “NYSE American”) to move forward with its planned U.S. stock exchange listing. This initiative supports Titan’s broad ...

Ivanhoe Mines Issues 2025 Third-Quarter Financial Results, Overview of Construction and Exploration ActivitiesOctober 29, 2025 4:35 PM EDT | Source: Ivanhoe Mines Ltd.Ivanhoe Mines' reports Q3 2025 profit of $31M and adjusted EBITDA of $87M, including $76M of attributable EBITDA from Kamoa-KakulaStage Two dewatering of Kakula Mine advancing towards completion in early December; head grades to improve in Q4 2025 as higher-grade mining areas are reopenedUpdated life-of-mine integrated developmen ...

TORONTO, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Pasinex Resources Limited (CSE: PSE; FSE: PNX) (“Pasinex” or the “Company”) is pleased to announce that it has closed its non brokered private placement of common shares for gross proceeds of C$ 2,331,540 (the “Offering”), previously announced on July 15, 2025. Offering Details Securities issued: 31,087,200 common shares at C$ 0.075 per share.Share capital: Following the closing of the Offering, the Company has 204,813,876 common shares issued and outstanding.Finde ...

Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA of $1.2 billion for Q3 2025, representing a 19% increase compared to the same period last year, driven by higher base metals prices and improved operational performance [12][13][9] - The balance sheet remains strong with liquidity of $9.5 billion, including $5.3 billion in cash, and an increase of approximately $500 million in cash during October due to the collection of receivables [21][22] Business Line Data and Key Metrics Changes - In the copper segment, gross profit before depreciation and amortization improved by 23% to $740 million, primarily due to higher base metals prices and lower smelter processing charges [14] - The zinc segment saw a 27% increase in gross profit before depreciation and amortization to $454 million, driven by higher zinc prices and byproduct revenues [17] Market Data and Key Metrics Changes - Red Dog zinc sales reached 273,000 tonnes, exceeding guidance, while the company expects fourth-quarter zinc sales to be between 125,000 to 140,000 tonnes [18][20] - The company anticipates annual copper production of 415,000 to 465,000 tonnes for 2025, with net cash unit costs projected between $2.05 to $2.30 per pound [16] Company Strategy and Development Direction - The merger with Anglo American is positioned as a transformative opportunity to create a global leader in critical minerals and a top five copper producer, with expected annual synergies of $800 million [4][30] - The company is focused on disciplined execution across operations and progressing the merger, while also enhancing operational practices through a comprehensive review [23][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational plans and the potential for significant value creation from the merger, emphasizing the importance of collaboration between the two companies [30][36] - The company is optimistic about the QB asset's potential, with plans to improve sand drainage and ramp up production capabilities by 2027 [26][28] Other Important Information - The company completed $144 million in share buybacks in July but will not execute further buybacks until after the merger closes [12][22] - The company has a strong commitment to safety, with a high potential incident frequency rate of 0.06, which is 50% below the previous year's rate [10] Q&A Session Summary Question: Preliminary discussions with Glencore regarding the JV - Management indicated that discussions regarding synergies between QB and Coyoacci are ongoing and that all parties are motivated to work together to capture value [35][36] Question: Updated guidance for 2025 - Management expects to remain within the guidance ranges for capital expenditures and unit costs, suggesting a midpoint approach for projections [38][39] Question: Engagement with Investment Canada on the merger - Management confirmed ongoing and productive discussions with the Canadian government, emphasizing commitments to capital spending and maintaining headquarters in Canada [66] Question: Value creation from the merger even without the JV - Management affirmed that the merger itself presents significant value creation opportunities, independent of the JV discussions [72][73] Question: Framework for valuing the JV economics - Management acknowledged that discussions regarding the economic split in the JV are forthcoming and will be part of the commercial agreements to be established [75][76]

Teck Resources (NYSE:TECK) Update Summary Company Overview - **Company**: Teck Resources - **Date of Call**: October 08, 2025 - **Focus**: Comprehensive operational review and updates on QB action plan Key Points Operational Review and Action Plan - A comprehensive operations review was launched in August to improve performance through a detailed QB action plan [4] - The review involved third-party technical experts and independent advisers, focusing on enhancing operational practices and establishing achievable plans [4][5] - Enhanced monitoring and tracking of operational performance have been implemented, with direct reporting from SVPs of operations to the CEO [6] QB Operations Update - QB's production has been limited by tailings management facility (TMF) development work, affecting mill availability [7] - Year-to-date mill availability was 87%, but actual utilization was only 70% due to TMF constraints [8] - Recoveries improved sequentially in 2024 but have been impacted in 2025 by transition ores and TMF-related stoppages [9][10] - The focus remains on enabling safe, unconstrained production by raising the dam's crest height [11] TMF Development Work - Key issues include slow drainage of sand due to ultra fines, which has delayed the construction of the sand dam [12][13] - Significant work has been undertaken to improve sand drainage times, with positive initial test results [14] - The TMF development work is expected to continue into 2026, with completion anticipated by the end of that year [22] Revised Guidance and Production Outlook - Changes to guidance reflect a slower ramp-up due to TMF development, with lower recoveries assumed [24] - Average grade at QB is expected to be approximately 0.59% in 2026, with copper production guidance revised to 200,000 to 235,000 tons [30][32] - For 2027, average annual grade is expected to be 0.64%, with production guidance of 240,000 to 275,000 tons [32] - The 2028 production guidance is also revised to 220,000 to 255,000 tons due to lower grade areas being mined [33] Capital Expenditure - Capital guidance for TMF development work in 2026 is CAD $420 million, covering various initiatives including rock bench construction and sand drainage improvements [31][62] - Future capital expenditures for TMF beyond 2026 are expected to be minimal as operations transition to steady state [62] Long-term Potential and Synergies - Despite current challenges, QB remains a world-class Tier one asset with significant potential [38] - The merger with Anglo American is expected to unlock value through synergies between QB and the adjacent Coyoacci operation [40] - The completion of TMF development work is anticipated to eliminate constraints on mill operations from 2027 onwards [42] Additional Insights - The operational review has led to more conservative assumptions and risk adjustments in guidance [41] - The focus on execution and oversight has been strengthened at all levels of the organization [41] Conclusion - Teck Resources is navigating operational challenges primarily related to TMF development, with a focus on improving performance and achieving long-term production goals. The company remains optimistic about its future potential, particularly with the anticipated synergies from the merger with Anglo American.

Summary of Cerrado Gold Conference Call Company Overview - **Company Name**: Cerrado Gold - **Stock Symbols**: CRDOF (OTCQX), CERT (TSXV) - **Main Operations**: Minera Don Nicolás in Santa Cruz, Argentina Key Points and Arguments Financial Performance - Investment of approximately **$40 million** in assets and a **$40 million** reduction in debt during the year [2][8] - Current cash balance of **$15 million**, expected to increase to between **$20 million and $25 million** by year-end [8] - Projected free cash flow of about **$50 million** at current prices [9][31] Production and Operations - **Minera Don Nicolás** produces an average of **55,000 ounces** of gold per year at an All-In Sustaining Cost (AISC) of about **$1,700** [2][4] - Ongoing surface exploration program of **20,000 meters** for the current year, with plans to increase to **50,000 meters** next year [4][5] - Underground development initiated to access higher-grade material, with expectations of profitable ounces starting in **November-December** [5][6] Project Development - **Lagoa Salgada** project in Portugal transitioning to a focus on precious metals, with expectations of **40%** precious metals based on feasibility pricing [6][23] - Anticipated completion of feasibility study for Lagoa Salgada by the end of the year, with construction expected to begin in the **third quarter of 2026** [24][38] - **Mont Sorcier** project in Quebec, a high-purity iron ore project, with feasibility expected by **2Q2026** [3][8] Market Position and Growth Potential - The company aims to maintain a **five-year production profile** at Minera Don Nicolás, with ongoing initiatives to demonstrate this by year-end [4][13] - Potential to grow production significantly, with a focus on underground resources that could enhance cash flow [17][18] - The market for high-purity iron ore is growing at **9-10%** annually, with a premium of about **$35** over conventional iron ore [7][8] Strategic Outlook - The company is positioned to drive cash flow and net asset value (NAV) without diluting shareholders [9][11] - Expected NAV growth from **$111 million** to **$258 million** with the construction of Lagoa Salgada, and up to **$2 billion** with Mont Sorcier [11][12] - Anticipated cash flows of **$75 million** from Lagoa Salgada by late **2027**, and up to **$500 million** by **2030** with Mont Sorcier [11][12] Risks and Considerations - Political risk in Argentina acknowledged, but the company has managed to operate effectively despite challenges [38][39] - The company is well-funded for project development, with minimal expected dilution for shareholders [36][37] Community and Environmental Considerations - Commitment to responsible tailings management and water use, with adherence to global standards [33] Additional Insights - The company has a significant land position of about **330,000 hectares** in Argentina, with much of it still unexplored [15][19] - The potential for substantial resource growth exists, particularly in areas adjacent to successful mining operations [20][21] This summary encapsulates the key points discussed during the conference call, highlighting Cerrado Gold's operational performance, strategic initiatives, and market outlook.

Core Insights - Ivanhoe Mines reported significant production results for Q3 2025, with Kamoa-Kakula producing 71,266 tonnes of copper and Kipushi achieving a record zinc production of 57,200 tonnes, marking a 37% increase from the previous quarter [1][6][15]. Production Highlights - Kamoa-Kakula's concentrators milled a total of 3.46 million tonnes of ore in Q3 2025, with year-to-date copper production reaching 316,393 tonnes [3][15]. - The company maintains its copper production guidance of 370,000 to 420,000 tonnes for the year, with higher-grade mining expected to commence in mid-November [3][17]. - Kipushi's concentrator processed 168,862 tonnes of ore at an average grade of 37.8%, contributing to the record zinc output [6][41]. Project Developments - Stage Two dewatering at Kakula Mine is over 20% complete, with expectations to finish by the end of November 2025, significantly lowering underground water levels [4][21]. - The start-up of Africa's largest copper smelter is scheduled for early November, with a 60 MW uninterruptible power supply nearing completion to ensure operational stability [5][35]. - First production from the Platreef Mine's Phase 1 concentrator is anticipated by the end of October 2025, with ongoing development for Phase 2 expansion targeting completion in Q4 2027 [10][53]. Future Outlook - The company expects improved copper grades from the Kakula Mine's western side starting next month, with selective mining planned for Q1 2026 [9][18]. - The new life-of-mine plan for Kamoa-Kakula is set to be released in Q1 2026, following inspections of newly dewatered areas [32][67].

Core Points - Pasinex Resources Limited has announced significant corporate developments, including the acquisition of the Sarıkaya zinc project, a change in financial year-end, updates on board nominations, progress on private placement financing, and the granting of stock options [1] Acquisition of Sarıkaya Zinc Project - The acquisition of the Sarıkaya zinc project in Türkiye has been completed, with Pasinex Arama now holding all outstanding shares of Aydın Teknik. The project features 30%-50% high-grade, carbonate-hosted zinc mineralization and is located near the Pinargozu mine [2] - The acquisition consolidates Pasinex's operations in Türkiye, as it now controls 100% of both the Pinargozu and Sarıkaya projects [2] Change in Financial Year-End - The company has changed its financial year-end from December 31 to March 31 to align its reporting cycle with industry peers. A transitional report will cover a fifteen-month period from January 1, 2025, to March 31, 2026 [3] Board Nomination and AGM - Dr. Mehmet Kömürcü has been nominated for election to the Board at the upcoming Annual General Meeting (AGM). He brings extensive experience in corporate governance and mining [4] - The AGM is scheduled for November 21, 2025, with a record date for voting set as October 17, 2025 [5] Private Placement Financing Update - The company has received strong investor support for its private placement financing, with over CAD $1.2 million in subscriptions out of a CAD $2.15 million offering. The financing is expected to close soon [6] Grant of Stock Options - Pasinex has granted 2,500,000 stock options to directors, officers, and key employees, which vest immediately and are exercisable at $0.075 per share [7] Management Comment - The Executive Chairman highlighted the transformative nature of recent developments, emphasizing the strategic control over two zinc projects and the positive outlook for growth and exploration [9]

Core Viewpoint - Pasinex Resources Limited is advancing towards full ownership of the Sarıkaya zinc project in Turkey through an addendum to its agreement with Abdullah Aydın, which aligns payments with project milestones and sets the stage for further exploration and development [1][2][10]. Agreement Details - The revised agreement facilitates the share transfer of Aydın Teknik Madencilik ve İnşaat Sanayi ve Ticaret A.Ş. to Pasinex Arama, contingent upon approvals from Türkiye's General Directorate of Mining and Petroleum Affairs and other corporate steps [2][3]. - A total of USD 2,250,000 remains payable by Pasinex Arama, with a USD 250,000 payment due by September 30, 2025, to trigger the share transfer [9]. Next Steps - Following the share transfer, Aydın Teknik will be wholly owned by Pasinex Arama, which plans to extend the existing adit to access a newly identified high-grade zinc zone (30-50% zinc) [5][6]. - Systematic mapping, sampling, and geophysical surveys will be initiated to define drill targets and identify additional adit locations, supporting the development of a refined geological model for the Sarıkaya project [6]. Project Potential - The Sarıkaya project is characterized as a high-potential addition to Pasinex's zinc portfolio, located in a historically rich mining area in central Türkiye, approximately 300 km from major ports [7]. - The project hosts high-grade, carbonate-hosted zinc mineralization with significant discovery potential, as no modern geological surveys have been conducted to date [8]. Management Commentary - Management emphasizes the strategic importance of the Sarıkaya project, viewing it as a cornerstone for future growth and value generation for shareholders, complementing existing operations at the Pinargözü mine [10]. Company Overview - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada, owning the producing Pinargozu high-grade zinc mine and holding a 51% interest in the Gunman Project in Nevada [11][12].