Orion Minerals (ORN) Update / Briefing July 31, 2025 10:00 PM ET Speaker0Welcome everyone. A very good morning and thanks very much for joining us. I'm Nicholas Reid from Reid Corporate and on behalf of Orion Minerals, ASX Code IRN, it's a great pleasure to welcome you to this special investor webinar. I'm really pleased to be able to welcome key members of Orion's senior leadership team to lead this morning's webinar. Joining me here in Perth is Orion's chairman, Dennis Rodell, who's been the driving force ...

Nexa Resources Reports Adjusted EBITDA Growth in Solid 2Q25 PerformanceJuly 31, 2025 4:23 PM EDT | Source: Nexa ResourcesAdjusted EBITDA reached US$161 million, up 29% quarter-over-quarter, supported by higher smelting sales volume, stronger by-products sales volume and improved prices for copper, lead, silver and gold.Net income of US$13 million, reflecting operational improvements and strategic discipline.Cerro Pasco Integration Project advanced with construction permits for Phase I (Atacoch ...

Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement, raising $517,296 through the issuance of 7,389,943 units, subject to final approval from the TSX Venture Exchange [1][2]. Financing Details - Each unit consists of one common share and one non-transferable share purchase warrant, allowing the holder to purchase an additional common share at $0.10 for three years [2]. - The proceeds will be allocated for exploration, development, and general working capital [2]. Insider Participation - New Age Metals Inc. will increase its ownership in MQM from approximately 6.44% to 19.05% post-conversion, becoming a new insider [2][4]. - Existing insiders and control persons purchased a total of 4,868,000 units, qualifying as a related party transaction [4]. Regulatory Compliance - All securities from the private placement are subject to a four-month hold period under Canadian Securities Laws [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the nature of the transaction [4]. Shareholder Control - Prior to the offering, Mr. Harry Barr controlled 8,616,438 common shares, which could increase to approximately 33.28% post-offering if stock options are exercised [5]. - After the offering, Barr's control could rise to approximately 47.27% of the company's outstanding shares, while New Age Metals could control about 19.05% [8][9]. Company Overview - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Ore Project in Quebec, which is one of the largest iron ore projects in North America [12]. - The company has invested approximately $150 million in the project and is working with the Naskapi First Nation on exploration and pre-development [12]. - A comprehensive gap analysis of the historic feasibility study is being conducted to align with current market dynamics and regulatory standards [12].

Core Insights - Ivanhoe Mines reported a Q2 2025 profit of $35 million and adjusted EBITDA of $123 million, with Kamoa-Kakula contributing $128 million to EBITDA [1][9] - Kamoa-Kakula produced 112,009 tonnes of copper in Q2 2025, operating at 85% design capacity for Phases 1 and 2, and 30% above design capacity for Phase 3 [1][37] - The company is advancing its dewatering efforts at Kakula Mine, with Stage One completed and Stage Two set to commence imminently [1][49] - The startup of Africa's largest and greenest copper smelter is on schedule for September 2025 [1][68] - Recent increases in platinum and palladium prices have improved the net present value of the Platreef project by over 20% to approximately $3.8 billion [1][9] Financial Performance - Q2 2025 adjusted EBITDA was $123 million, down from $226 million in Q1 2025; profit after tax was $35 million compared to $67 million in Q2 2024 [9][1] - Kamoa-Kakula sold 101,714 tonnes of copper at an average realized price of $4.34/lb, with revenue of $875 million for the quarter [9][1] - The cost of sales per pound of payable copper sold increased to $2.85/lb in Q2 2025 from $1.87/lb in Q1 2025 [11][9] - Kamoa-Kakula's cash cost (C1) per pound of payable copper produced averaged $1.89/lb, up from $1.69/lb in Q1 2025 [11][9] Operational Highlights - Kamoa-Kakula's concentrators milled 3.62 million tonnes of ore in Q2 2025, producing 112,009 tonnes of copper, an 11% increase compared to Q2 2024 [37][9] - The Phase 3 concentrator achieved a record production of 40,608 tonnes of copper, operating at an annualized rate of 6.5 million tonnes, 30% above design capacity [46][12] - Kipushi operations sold 43,348 tonnes of zinc, up nearly 45% from Q1 2025, with a revenue of $97 million [11][9] - Platreef's Phase 1 project is nearing completion, with first ore feed expected in Q4 2025 [12][8] Project Development - The Kamoa-Kakula copper smelter is expected to start operations in September 2025, processing concentrates from all phases of the mine [68][1] - The company is targeting to provide an update on Kamoa-Kakula's recovery plan and ramp-up to steady-state operations by September 2025 [12][1] - The Platreef project is projected to be the lowest-cost primary platinum-group-metals producer globally, with a Phase 2 expansion expected to produce over 460,000 ounces of platinum, palladium, rhodium, and gold annually [12][8] Exploration Activities - Ivanhoe Mines is expanding the Makoko District copper discovery and exploring for new sedimentary-hosted copper discoveries across its extensive license areas in DRC, Angola, Zambia, and Kazakhstan [3][2] - The company has completed 86,000 meters of diamond drilling in the Makoko District, doubling the total copper contained in the area [16][3] - Drilling activities in Kazakhstan commenced in July 2025, with two rigs deployed for a 17,500-meter maiden diamond drilling program [16][3]

Teck Resources (TECK) Q2 2025 Earnings Call July 24, 2025 11:00 AM ET Company ParticipantsEmma Chapman - VP - IRJonathan Price - President & CEOCrystal Prystai - EVP & CFOMatthew Murphy - MD - Equity ResearchIan Anderson - EVP & Chief Commercial OfficerBill Peterson - Equity ResearchConference Call ParticipantsOrest Wowkodaw - Managing Director & Senior Research AnalystCarlos de Alba - Equity Research AnalystCraig Hutchison - Mining Equity Research AnalystMyles Allsop - Mining Research AnalystChris LaFemina ...

Teck Resources (TECK) Q2 2025 Earnings Call July 24, 2025 11:00 AM ET Speaker0Ladies and gentlemen, thank you for standing by. Welcome to Teck's Second Quarter twenty twenty five Earnings Release Conference Call. At this time, all participants are in listen only mode. Later, we will conduct a question and answer session. Question This conference call is being recorded on Thursday, 07/24/2025.I would now like to turn the conference over to Emma Chapman, Vice President, Investor Relations. Please go ahead.Spe ...

Core Viewpoint - Osisko Metals has announced significant new drilling results from the Gaspé Copper Project, highlighting the potential for resource expansion with the longest continuous intercept to date of 853 meters averaging 0.20% Cu, 1.43 g/t Ag, and 0.02% Mo (0.30% CuEq) [1][2]. Summary by Relevant Sections New Drill Results - Drill hole 30-1082 reported 853.5 meters of continuous mineralization, including a lower intercept of 424.0 meters averaging 0.21% Cu, 1.33 g/t Ag, and 0.026% Mo, extending mineralization to a vertical depth of 1140 meters [11][12]. - Drill hole 30-1089 intersected 645.0 meters averaging 0.28% Cu, 1.46 g/t Ag, and 0.023% Mo, with a lower intercept of 396.7 meters averaging 0.30% Cu, 1.34 g/t Ag, and 0.023% Mo, extending to a depth of 965 meters [15][16]. - Drill hole 30-1083 showed 427.5 meters averaging 0.26% Cu, 1.54 g/t Ag, with a lower intercept of 328.0 meters averaging 0.24% Cu, 1.43 g/t Ag, extending to a depth of 900 meters [12][13]. Mineral Resource Potential - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and test for deeper and lateral expansions [21][22]. - The Gaspé Copper Project hosts Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [30][31]. Geological Context - Mineralization at the Gaspé Copper Project occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite, with at least five recognized mineralizing events [19]. - The drilling is focused on defining open-pit resources within the Copper Mountain stockwork mineralization, with significant resource increases noted in the Inferred category [20][31].

Core Viewpoint - Pasinex Resources Limited is conducting a non-brokered private placement to raise approximately CDN $2,150,000 for the acquisition of the Sarikaya mine property in Türkiye, with initial investor commitments of about CDN $500,000 received to date [1][2]. Group 1: Offering Details - The private placement will offer common shares at a price of CDN $0.075 per share, with a minimum subscription amount of CDN $15,000 for accredited investors [1][3]. - The offering is expected to close on or about July 31, 2025, pending regulatory approvals and customary closing conditions [4]. - Shares issued will be subject to a statutory hold period of four months from the date of issuance in accordance with Canadian securities laws [4]. Group 2: Use of Proceeds - The net proceeds from the private placement will primarily be used to complete the purchase of the Sarikaya mine property, which has been previously announced [2]. - The acquisition of Sarikaya is seen as a strategic move to enhance the company's portfolio of high-grade zinc exploration and mining properties [6][9]. Group 3: Company Overview and Strategy - Pasinex Resources Limited focuses on high-grade zinc mining, with existing operations in Türkiye and Nevada, and aims to leverage its experience to drive growth and profitability [10]. - The company has a strong track record in mining high-grade zinc, with grades ranging from 25% to 50% in Türkiye and 14% to 24% in Nevada, demonstrating economic strength and high after-tax margins [6][10]. - The Sarikaya project is highlighted as a top priority, with secured exploration and mining permits and existing infrastructure that supports immediate mining operations [8][10].

Core Viewpoint - Pasinex Resources Limited has issued 28,766,306 common shares to creditors in exchange for C$2,157,473 of outstanding debt, aiming to improve its financial position by reducing liabilities [1][2]. Group 1: Shares for Debt Transaction - The Shares for Debt Transaction involves the issuance of Settlement Shares at a price of $0.075 per share, in compliance with Canadian Securities Exchange policies [1]. - All Settlement Shares will be subject to a four-month hold period from the closing date under applicable Canadian securities laws [2]. Group 2: Related Party Transaction - The issuance of Settlement Shares to certain creditors constitutes a related party transaction, as 151 Ontario is controlled by the Company's Chairman, Larry Seeley, and Joachim Rainer is a Director [3]. - The Company is relying on exemptions from valuation and minority shareholder approval requirements, as neither the fair market value of the Settlement Shares nor the Debt exceeds 25% of the Company's market capitalization [3]. Group 3: Company Overview - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, owning 50% of a producing high-grade zinc mine in Türkiye and holding a 51% interest in a high-grade zinc exploration project in Nevada [4]. - The Company has recently secured an option to acquire a 100% interest in a lead-zinc operating license in Türkiye, indicating potential for near-term profitability and major zinc discoveries [4]. - Pasinex is led by a seasoned management team with extensive experience in mineral exploration and mine development, focusing on high-grade ore extraction and value creation for stakeholders [4].

Core Insights - Osisko Metals has announced significant new drill results from the Gaspé Copper Project, confirming the large-scale potential of mineralization in the area [2][3] - The company is actively expanding its drilling program, now utilizing nine drill rigs to accelerate resource definition and expansion [3] Drill Results - Drill hole 30-1090 intersected 279.0 metres averaging 0.49% Cu and 3.35 g/t Ag, with a notable second intercept of 108 metres averaging 0.84% Cu and 7.79 g/t Ag [8][9] - Other significant results include: - Drill hole 30-1078: 256.5 metres averaging 0.25% Cu and 1.79 g/t Ag, and 381.0 metres averaging 0.22% Cu and 1.69 g/t Ag [10] - Drill hole 30-1079: 319.5 metres averaging 0.28% Cu and 2.14 g/t Ag, and 180.0 metres averaging 0.37% Cu and 2.54 g/t Ag [11] - Drill hole 30-1081: 301.8 metres averaging 0.41% Cu and 3.36 g/t Ag, and 44.5 metres averaging 0.23% Cu and 1.32 g/t Ag [12] - Drill hole 30-1084: 471.4 metres averaging 0.25% Cu and 1.95 g/t Ag, followed by 55.4 metres averaging 0.33% Cu and 2.64 g/t Ag, and 89.7 metres averaging 0.29% Cu and 1.93 g/t Ag [13] - Drill hole 30-1080: 520.5 metres averaging 0.23% Cu and 1.02 g/t Ag, and 195.0 metres averaging 0.26% Cu and 1.28 g/t Ag [14] Project Overview - The Gaspé Copper Project is located in the Gaspé Peninsula of Eastern Québec and is focused on resource expansion [2][24] - The current Indicated Mineral Resources are 824 million tonnes averaging 0.34% CuEq, while Inferred Mineral Resources are 670 million tonnes averaging 0.38% CuEq [24] - The project is strategically located near existing infrastructure in a mining-friendly province [24] Future Plans - The ongoing drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and to test for further expansion of the mineralization [17][19] - The next MRE update is scheduled for Q1 2026, which will include new mineralized intersections below the current MRE model [19]