Summary of Americas Gold and Silver Conference Call Company Overview - **Company**: Americas Gold and Silver (NYSEAM:USAS) - **Primary Asset**: Galena Complex in Idaho, USA - **Other Assets**: Cosalá Mine in Mexico, Relief Canyon, and San Felipe exploration asset Key Points and Arguments 1. **Management Team**: The company emphasizes the importance of a skilled management team with a strong track record in mining operations and turnaround strategies [2][3][4] 2. **Turnaround Expertise**: Americas Gold and Silver is recognized as a turnaround expert, having successfully revitalized struggling mining assets in the past [2][4] 3. **Historical Success**: Previous successes include Klondex Mines sold for $700 million and RNC Minerals sold for $1.3 billion, showcasing the team's ability to enhance asset value [3][4] 4. **Galena Complex**: The Galena Complex has a rich mining history and is positioned in a premier silver mining area, with a production goal of returning to 5 million ounces of silver per year [8][9][10] 5. **Infrastructure Value**: The existing infrastructure at Galena is valued at over $2 billion, which provides a significant advantage for future operations [10] 6. **Production Capacity**: The company plans to increase the hoisting capacity from 350 tons per day to 900 tons per day, which will enhance mill feed and overall production [11][12] 7. **Mining Method Changes**: Transitioning from underhand cut and fill to long-hole stoping is expected to improve efficiency and production rates [12][13] 8. **Resource Endowment**: Galena has over 170 million ounces of silver, with plans to compress mine life by increasing production beyond 5 million ounces per year [14][15] 9. **High-Grade Mining**: The current head grades are around 480 grams per tonne silver, with aspirations to return to historical grades of 700 grams per tonne [15][17] 10. **Byproduct Revenue**: The renegotiated offtake agreement with Teck Resources allows the company to receive payments for byproducts, including antimony, which has significant revenue potential [19][20] 11. **Antimony Production**: Galena is the only large-scale producing antimony mine in the U.S., with plans to capitalize on this byproduct through new processing facilities [19][21] 12. **Cosalá Mine**: The Cosalá operation is producing 1.5-2 million ounces of silver annually and is set for exploration drilling to enhance production [21][22] 13. **Shareholder Alignment**: Management and directors have a strong alignment with shareholders, having increased their ownership from 7% to 63% since the deal announcement [22][23] Additional Important Information - **Market Position**: The company is positioned as the third highest-grade silver mine globally, with 87% of revenue exposure to silver [22] - **Analyst Coverage**: The company has gained interest from four new analysts, indicating growing market confidence [23] This summary encapsulates the key insights and strategic direction of Americas Gold and Silver as discussed in the conference call.

Core Insights - Arizona Gold & Silver Inc has reported significant drill results from its Philadelphia project, with the latest hole intersecting over 34 meters of the Perry vein, indicating strong continuity and potential for high-grade mineralization [1][3] - The company plans to continue drilling through holes 158 and 159 until the end of the year and expects to receive a key permit in January to drill down dip on hole 156, which could reveal further potential [2][5] Drilling Results - The latest drill hole intersected over 34 meters of the Perry vein, following a previous intersection of 38 meters, demonstrating consistent results and continuity [1][3] - Grades from hole 157 are still pending, but visual assessments suggest confidence in the continuity of high-grade zones similar to those seen in hole 156 [4] Future Plans - The company intends to continue drilling with holes 158 and 159, aiming to extend the strike length once the expected permit is received in January [2][5] - Geologist Greg Hahn believes the vein may extend at least another 1,000 feet, indicating significant potential for further discoveries [2][6]

Financial Data and Key Metrics Changes - Earnings for Q3 2025 were $127 million, or $1.92 per share, with adjusted net income reaching a record $136 million, or $2.06 per share after accounting for non-recurring costs [5][19] - Revenue for the quarter was a record $252 million, up 30% year-over-year, driven by a 40% increase in gold prices and a 34% increase in silver prices [16][19] - Adjusted EBITDA margin maintained over 80% for the quarter, reflecting strong operational efficiency [5] Business Line Data and Key Metrics Changes - Royalty revenue increased by 41% year-over-year to $86 million, with significant contributions from Peñasquito, Cortez CC Zone, LaRonde Zone 5, and Voisey's Bay [8] - Stream segment revenue rose by 25% to $166 million, with increased sales from Andacollo, Rainy River, Mt. Milligan, Comacal, and Wasa [9] Market Data and Key Metrics Changes - Gold accounted for approximately 78% of total revenue, followed by silver at 12% and copper at 7% [17] - The company reported a significant increase in metal prices, with gold up 40%, silver up 34%, and copper up 6% compared to the prior year [16] Company Strategy and Development Direction - The company aims to diversify its portfolio and has added several quality producing and development assets through recent acquisitions, including Sandstorm Gold and Horizon Copper [6][28] - The strategic rationale for recent transactions has resonated well with shareholders, indicating strong support for the company's growth strategy [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to repay debt by mid-2027 under current metal prices, despite the increased debt load from acquisitions [34][35] - The company plans to maintain its 2025 guidance ranges for metal sales and effective tax rates, excluding impacts from recent acquisitions [20] Other Important Information - The company received the first tranche of gold as part of the Mt. Milligan cost support agreement, realizing proceeds of $44 million shortly after receipt [24] - The company is actively looking for new investment opportunities, although it is cautious about the current market dynamics and gold price volatility [89] Q&A Session Summary Question: Can you elaborate on the delivery mechanisms for the Constantian stream? - Management clarified that the delay in expected ounces is due to timing and not a production shortfall, with the ounces expected to be delivered in 2026 [31][32] Question: How comfortable is the company with the current debt level? - Management expressed comfort with the debt level, indicating a pro forma leverage of between 1 and 1.5 on a net debt to EBITDA basis, which is considered manageable [34][35] Question: What are the plans regarding the 30% joint venture interest in Hamadan? - Management reiterated that converting the joint venture interest into a more traditional royalty interest is a priority [37] Question: What steps will the company take to ensure the market understands the recent transactions? - Management plans to engage with investors and analysts to communicate the growth prospects and value of the expanded portfolio [44][45] Question: When can we expect updated guidance for 2026? - Management indicated that an investor day is planned for late March, where 2026 guidance will be discussed [47][75] Question: Will there be a bump in the cost base for the former Sandstorm assets? - Management is still finalizing the accounting treatment for the Sandstorm assets, which may affect depreciation [98] Question: Is the company still looking for new transactions? - Management confirmed that they are actively looking for opportunities, although they are cautious about the scale of potential investments [89][90]

Core Viewpoint - Stinger Resources Inc. is set to transition its common shares from the TSX Venture Exchange to the Canadian Securities Exchange, with trading expected to commence on November 10, 2025 [1][2]. Group 1: Company Announcement - The Company has received confirmation from the Canadian Securities Exchange that its common shares will begin trading on November 10, 2025 [1]. - Stinger Resources has requested to voluntarily delist its common shares from the TSX Venture Exchange, effective at the close of the market on November 7, 2025 [2]. - The trading symbol "STNG" will remain unchanged, and no action is required from shareholders regarding the CSE listing [2]. Group 2: Company Profile - Stinger Resources holds interests in gold and silver properties in British Columbia, including the 100% owned Dunwell Mine, which is located in the "Golden Triangle" [3]. - The Company also owns a 100% interest in the Gold Hill property and the Silver Side property, along with an optioned interest in the Ample Goldmax property in British Columbia [4].

PresentationElizabeth Hamaue Good morning, everyone, and welcome to the Boumadine PEA Results Webinar. I'm Elizabeth Hamaue, Director of Corporate and Financial Communications. The IR team is excited to share the results of this important milestone. Joining me today are Benoit La Salle, President and CEO; Raphael Beaudoin, Vice President of Operations; Patrick Perez, Director of Technical Services; Ugo Landry-Tolszczuk, Chief Financial Officer; Sebastian Humphrey, Project Manager; and David Lalonde, Vice P ...

Core Insights - Mithril Silver and Gold Limited has reported promising exploration results from its Copalquin property in Durango State, Mexico, highlighting high-grade gold and silver intercepts from its maiden drill program at Target 5 [1][2][4]. Exploration Results - Initial drilling at Target 5 has yielded multiple high-grade intercepts, including 1.00 m at 1,714 g/t AgEq (5.80 g/t gold, 1,308 g/t silver) and 3.35 m at 366 g/t AgEq (1.71 g/t gold, 246 g/t silver) [2][4]. - The first eight of thirteen drill holes have returned reportable mineralization, confirming the potential of Target 5, with only 5% of the mapped and projected veins tested to date [2][3][5]. District Outlook - The company is fully funded to complete 45,000 meters of drilling through the second half of 2026, with plans to add a third drill rig at Target 3 in early 2026 [3][5]. - Ongoing mapping and sampling across multiple targets are advancing the understanding of the district-scale potential of Copalquin, which is characterized by a large epithermal gold-silver system [3][6]. Resource Potential - The Copalquin district contains over 100 historic underground gold-silver mines and workings, with a maiden JORC resource already established at Target 1 [6][29]. - The district is recognized as a significant gold-silver area within the Sierra Madre Gold-Silver Trend, with considerable potential for resource expansion [7][28]. Future Developments - Drilling at the high-grade Tasolera mine area is set to commence, following up on high-grade channel sampling results [5][16]. - The company is advancing Target 3 to drill readiness, with further channel sample results pending [5][6].

Summary of Aya Gold & Silver Boumadine PEA Results Webinar Company Overview - **Company**: Aya Gold & Silver (OTCPK:AYAS.F) - **Project**: Boumadine Key Industry Insights - **Industry**: Mining, specifically gold and silver production - **Market Context**: The presentation discusses the economic viability of the Boumadine project, emphasizing its potential in the current market environment for precious metals. Core Points and Arguments 1. **PEA Results**: The Preliminary Economic Assessment (PEA) for Boumadine is presented as a significant milestone after three years of work, indicating a low initial capital expenditure (CapEx) of **$446 million** [3][27]. 2. **Production Estimates**: The project anticipates a production of **400,000 ounces of gold equivalent** annually over the first five years, translating to **37.5 million ounces of silver equivalent** [5][23]. 3. **Net Present Value (NPV)**: The NPV of the project is estimated at **$2.2 billion** pre-tax and **$1.5 billion** post-tax, with a capital utilization ratio of **5.1** pre-tax and **3.1** post-tax [5][6]. 4. **Internal Rate of Return (IRR)**: The IRR is projected at **69%** pre-tax and **47%** post-tax, with a payback period of **1.3 years** pre-tax and **2.1 years** post-tax [6][7]. 5. **Spot Price Sensitivity**: At current spot prices, the NPV could rise to between **$3-4 billion**, with an IRR approaching **100%** pre-tax [6][7]. 6. **Revenue Projections**: The life of mine revenue is projected at nearly **$10 billion**, with an EBITDA of **$6.2 billion** and free cash flow of **$5.6 billion** pre-tax [7][31]. 7. **Resource Estimate**: The mineral resource estimate includes **35 million tons** of mineralized material at a head grade of **4.5 grams per ton** of gold equivalent, totaling approximately **5 million ounces** of gold equivalent [16][17]. 8. **Mining Methodology**: The project will utilize both open pit and underground mining methods, with a focus on flexibility and cost efficiency [12][18]. 9. **Metallurgical Recovery Rates**: The project boasts high recovery rates of **96% for gold and silver**, and **75% for zinc** [21][36]. 10. **Environmental and Social Considerations**: An environmental and social impact assessment is underway, which will continue alongside the feasibility study [34]. Additional Important Insights 1. **Contractual and Financial Position**: The company has secured financing and has a mining license in hand, which mitigates risks related to project delays [9][10]. 2. **Exploration Potential**: The Boumadine project has significant exploration upside, with ongoing drilling campaigns expected to enhance resource estimates [37][46]. 3. **Market Interest**: There is strong market interest in the concentrates produced, with potential off-takers already identified [24][50]. 4. **Operational Costs**: The total cash cost is projected at **$119 per ton**, with an all-in sustaining cost (AISC) of **$1,021 per ounce of gold equivalent** produced [28][30]. 5. **Future Plans**: The company plans to advance the feasibility study and exploration concurrently, with a focus on resource expansion and classification [33][34]. This summary encapsulates the critical aspects of the Boumadine PEA results, highlighting the project's economic viability, production potential, and strategic positioning within the mining industry.

Core Viewpoint - Daura Gold Corp has entered into a binding agreement with Latin Metals Inc to acquire up to an 80% interest in the high-grade Cerro Bayo and La Flora gold-silver projects located in the Deseado Massif, Santa Cruz Province, Argentina, enhancing its portfolio of high-quality exploration targets [1][2]. Project Overview - The Cerro Bayo and La Flora projects are situated in a prolific mining district that has produced over 600 million ounces of silver and 20 million ounces of gold since 1990, with notable nearby operations including Newmont's Cerro Negro Mine and Hochschild's San Jose Mine [3][20]. - Exploration has identified a 6-kilometer-wide structural corridor with multiple low-sulfidation epithermal-style vein targets, which are known for hosting high-grade precious metal deposits [4][19]. Exploration and Technical Highlights - Daura has identified nine high-priority drill target areas through geochemical analysis, mapping, and geophysical surveys, with surface samples at La Flora returning up to 71 g/t Au and 150 g/t Ag, and Cerro Bayo showing up to 2.3 g/t Au and 600 g/t Ag [6][19]. - The projects are drill-ready with 21 fully permitted drill pads, following the approval of an Environmental Impact Assessment in early 2025, and are accessible year-round with strong infrastructure [6][18]. Option Terms and Financial Commitments - Daura has the option to earn a 75% undivided interest in the projects over a 38-month period, requiring total payments of US $1,700,000 to Latin Metals and US $400,000 to the underlying vendor, along with specific exploration commitments [7][10]. - Irrevocable work commitments include 50-line km of IP profiling, 150-line km of gradient array IP, and 1,500 meters of drilling, with a total of 28,000 meters of drilling required before exercising the option [8][10]. Joint Venture Structure - Upon exercising the option, a joint venture will be formed with Daura holding a 75% interest, which can increase to 80% through a top-up right, contingent on additional cash payments based on mineral resource estimates [15][17]. - The underlying vendor retains a 0.75% net smelter return royalty, of which 0.5% can be purchased for US $1,000,000, a cost that will be assumed by Daura [9][16].

Core Points - Q-Gold Resources Ltd. has commenced trading on the OTCQB Venture Market under the symbol "QGLDF," enhancing access for U.S. shareholders [1][2][3] - The company plans to broaden its investor base and advance exploration and engineering programs following an updated mineral resource estimate for the Quartz Mountain Gold Project [3][10] - Q-Gold intends to initiate the federal and state permitting process for the Quartz Mountain Gold Project, including applications under the FAST-41 program [4] Company Information - Q-Gold Resources Ltd. is focused on advancing gold and silver projects in mining-friendly jurisdictions across North America, with shares listed on multiple exchanges [8][9] - The company has granted 10,450,000 stock options to directors, officers, and consultants, with an exercise price of $0.20 per option for five years [5] - The updated Mineral Resource Estimate includes an indicated resource of 1.543 million ounces of gold at a grade of 0.96 g/t and an inferred resource of 0.148 million ounces at a grade of 0.77 g/t [10]

Core Viewpoint - Silver Range Resources Ltd is advancing its exploration projects, particularly focusing on the Tule Canyon gold-silver property in Nevada, utilizing new geophysical work to explore its potential [1]. Company Overview - The Tule Canyon project features high-grade gold and silver mineralization over several miles, with historical mining activities dating back to the 1890s [2]. - Previous larger companies showed little interest in the area due to the smaller, high-grade showings, but the company identified a larger zoned system with silver to the west and gold-rich zones to the east [3]. Geological Insights - The mineralization showings are located along a significant bend in the aeromagnetic field, which is crucial for geological studies as it indicates areas where pressure is released and mineralization can occur [4]. - The company believes this bend could be key to understanding the district and locating a major deposit [4]. Survey Plans - The company has engaged Precision GeoSurveys to conduct an airborne survey to map the structural bend and identify secondary anomalies that may indicate new mineralization [5][6]. - The airborne survey is advantageous as it allows for the efficient coverage of large areas, providing a base map for further exploration, especially in areas where surface mapping is challenging due to alluvium [7]. Expected Outcomes - The data from the surveys will enhance understanding of the geological structure and guide exploration efforts to uncover additional mineralization or expand known areas [8].