Core Viewpoint - Lincoln Gold Mining Inc. has agreed to convert a shareholder loan into convertible note units worth C$200,000, which will include unsecured convertible debentures and common share purchase warrants [1][2][3] Summary by Sections Convertible Note Units - Each Note Unit consists of one unsecured convertible debenture and 1,000,000 common share purchase warrants, with an exercise price of C$0.20 for a period of 36 months [2][3] - The Notes will mature in 36 months unless converted earlier, with a conversion price of C$0.20 per Common Share, subject to TSX Venture Exchange approval [3] Interest and Payment Terms - Interest on the Notes will accrue at 18% per annum, payable at maturity, with the option to convert accrued interest into Common Shares at the closing price prior to conversion [4] Use of Proceeds - The proceeds from the issuance of the Note Units will be used for mineral lease payments, Bureau of Land Management payments, and immediate working capital [5] Regulatory Compliance - All securities issued will be subject to a four-month hold period under Canadian securities laws, and the issuance is contingent upon Exchange approval [6] Related Party Transaction - Ian Rogers, a director of the Company, currently holds 20.70% of the Common Shares and will require disinterested shareholder approval for the transaction due to the creation of a new Control Person [7][8] Early Warning Disclosure - Ian Rogers intends to acquire C$200,000 in Notes and 1,000,000 Warrants, which would increase his ownership to approximately 32.08% of the issued Common Shares after full conversion and exercise [9][10] Company Overview - Lincoln Gold is a Canadian precious metals development and exploration company with interests in the Bell Mountain and Pine Grove gold properties, both located in the Walker Lane mineral belt [13]

Core Viewpoint - G Mining Ventures Corp. has successfully completed the first drawdown of US$80 million from its US$350 million revolving credit facility to support the development of its Oko Gold Project in Guyana [1][2]. Financial Summary - The US$80 million drawdown was utilized to fully repay a senior secured term loan of the same amount from Franco-Nevada GLW Holdings Corp, resulting in annual interest savings of approximately US$1.5 million [2]. - The refinancing is expected to enhance GMIN's balance sheet and support disciplined growth across its portfolio [2]. Credit Facility Details - The US$350 million revolving credit facility is arranged with a syndicate of international lenders, providing GMIN with enhanced liquidity and flexibility for its operations and development pipeline [3]. - The facility has a four-year term with a potential one-year extension at GMIN's option and is secured by the Corporation's assets [3]. Company Overview - G Mining Ventures Corp. focuses on the acquisition, exploration, and development of precious metal projects, aiming to become a mid-tier precious metals producer [4]. - The company is anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana, all located in mining-friendly jurisdictions [4].

ADELAIDE, AU / ACCESS Newswire / November 9, 2025 / Barton Gold Holdings Limited (ASX:BGD) (Barton or the Company) advises that the attached presentation is due to be presented today at the Zurich Precious Metals Summit. A copy of this presentation can be accessed on the ASX website, the investor section of Barton's website, or directly by clicking here. ...

Core Viewpoint - Hecla Mining Company (NYSE:HL) has demonstrated exceptional financial performance in the third quarter, leading to a significant increase in stock price and investor interest [1][2]. Financial Performance - Hecla Mining's net income attributable to shareholders surged by 6,109 percent to $100.59 million compared to $1.62 million in the same quarter last year [2]. - Sales increased by 67 percent, reaching $409 million, up from $245 million year-on-year [2]. - Adjusted EBITDA rose by 120 percent to $195.69 million from $88.86 million [3]. Stock Performance - During intra-day trading, Hecla Mining's stock price peaked at $15.42, just 2 cents below its 52-week high, before closing at $13.55, an increase of 11.89 percent [2]. Operational Highlights - All four producing assets contributed to positive free cash flow for the second consecutive quarter, indicating strong operational performance [4]. - Greens Creek exceeded expectations, Keno Hill achieved three consecutive quarters of profitability, Lucky Friday maintained consistent production, and Casa Berardi showed improving cost trajectories [4]. Production Outlook - For full-year 2025, Hecla Mining raised its production outlook for silver to 16.2 to 17 million ounces, up from the previous lower-end guidance of 15.5 million ounces [5]. - Gold production outlook was also increased to 145,000 to 150,000 troy ounces from the previous range of 126,000 to 137,000 troy ounces [5].

Economic Sentiment - Gold prices advanced as investors sought a safe haven due to weakening economic indicators in the US [1] - Consumer sentiment has deteriorated, with 71% of respondents in a University of Michigan report expecting unemployment to rise in the coming year [1] Market Reactions - Bond yields and the US dollar declined following the economic readings, which contributed to a boost in gold prices [2] - Gold is trading relatively unchanged from the previous week after experiencing two consecutive weeks of losses, but it remains up over 50% year-to-date, marking its best performance since 1979 [3] Influencing Factors - Rate cuts in the US and increased central bank purchases have supported gold prices [4] - The ongoing government shutdown, now the longest in US history, complicates the assessment of the US economy, making private firm data more critical [4] Precious Metals Overview - Silver prices have risen for three consecutive sessions, with the US adding silver to a list of critical minerals, which may lead to tariffs and trade restrictions [5] - Any potential duties on silver could impact the metals market significantly, as the US heavily relies on imports to meet demand [5]

Financial Data and Key Metrics Changes - The company reported revenues of $83 million for Q2 2026, a 23% increase from the previous year, marking the second highest quarter ever [2] - Cash flow from operating activities was $39 million, up 69% year-over-year, driven by a 28% increase in realized silver prices and a 37% increase in gold prices [3] - Net income for the quarter was negative $11.5 million, down from positive $17.8 million in Q2 of fiscal 2025, primarily due to a $53 million non-cash charge on derivative liabilities [3][4] - Adjusted net income was $22.6 million, or $0.10 per share, compared to $17.7 million, or $0.09 per share in the same quarter last year [4] - The company generated $11 million in free cash flow, supporting a strong cash position of $382 million [4] Business Line Data and Key Metrics Changes - Silver accounted for approximately 67% of net Q2 revenue, followed by lead at 16% and gold at 7% [3] - The amount of gold sold increased by 64% compared to last year, while silver production remained flat [5] - Consolidated mining operating income was $40.8 million in Q2, with the Ying mine contributing over 93% of that total [8] Market Data and Key Metrics Changes - Year-to-date production showed increases in silver (3%), gold (78%), and lead (4%), while zinc production decreased by 11% [6] - Production costs at the Ying mine averaged $83 per ton, down 11% from last year, while cash cost per ounce of silver was $0.97, up from $0.62 in the prior year [7] Company Strategy and Development Direction - The company is focused on increasing mechanization at the Ying mine and expanding mining capacity across its licenses [8] - Significant investments were made in growth projects, including $6 million for ramp and tunnel development at Ying [8] - Construction at the El Domo project in Ecuador is progressing, with a 250% increase in material cut for site preparation compared to the previous quarter [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that construction at El Domo was initially slower due to weather conditions but has ramped up significantly in recent months [14] - The company expects to provide updates on construction progress and metallurgical testing results before year-end [14] - There is a focus on catching up production at the Ying mine in Q3 to align with guidance, despite previous setbacks [16][18] Other Important Information - The company participated in New Pacific Metals' equity financing, acquiring 3 million common shares for approximately $7.8 million [5] - The first draw on a $175.5 million streaming facility for the El Domo project was made, amounting to $43.9 million [5] Q&A Session Summary Question: Update on El Domo capital expenditures - Management indicated that capital spending was initially slower but has ramped up significantly in recent months, with updates expected soon [14] Question: Thoughts on Wheaton drawdown and potential negotiations - Management noted that renegotiating the stream with Wheaton did not make sense based on current market conditions [15] Question: Guidance for Ying mine production - Management confirmed that the Ying mine is in transition, with expectations for a strong catch-up quarter in Q3 [16][18]

Financial Data and Key Metrics Changes - Wheaton Precious Metals achieved record revenue of $476 million in Q3 2025, a 55% increase compared to the previous year, driven by a 37% increase in commodity prices and a 13% increase in sales volumes [15][16] - Net earnings increased by 138% from the prior year to $367 million, while adjusted net earnings rose by 84% to $281 million [16] - Operating cash flow increased to $383 million, a 51% increase from last year [16] - The company reported a cash balance of approximately $1.2 billion at the end of Q3 2025, with expected annual operating cash flows of $2.5 billion over the next five years [17][18] Business Line Data and Key Metrics Changes - Overall production in Q3 was 173,000 gold-equivalent ounces (GEOs), a 22% increase from the prior year, primarily due to strong production at Salobo and Antamina [9][13] - Salobo produced 67,000 ounces of attributable gold, a 7% increase from last year [10] - Constancia produced 19,500 ounces of attributable GEOs, a 9% improvement from last year [10] - Blackwater produced 6,400 ounces of attributable GEOs, with production expected to be weighted towards Q4 2025 [11][12] Market Data and Key Metrics Changes - 58% of revenue came from gold, 39% from silver, and the rest from palladium and cobalt [15] - The company expects production guidance for 2025 to remain unchanged at 600,000-670,000 GEOs [12] Company Strategy and Development Direction - Wheaton continues to invest in innovation across the mining sector and community initiatives, launching its second annual Future of Mining Challenge focused on sustainable water management technologies [4] - The company announced two new streaming transactions, reinforcing its disciplined approach to capital deployment [8] - Wheaton's growth profile is further de-risked through progress across six key development projects scheduled to come online over the next 24 months, with a forecasted 40% production growth by 2029 [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong financial foundation and ability to meet funding commitments while pursuing new opportunities [4][18] - The management team highlighted the competitive advantage of the streaming model in generating predictable cash flows compared to traditional royalty models [3] - The company remains optimistic about its growth profile, with significant contributions expected from new projects and existing operations [31][81] Other Important Information - The company made total upfront cash payments for streams of $250 million during the quarter, with a projected $2.5 billion in upfront payments expected by the end of 2029 [16][17] - Wheaton's balance sheet remains robust, providing exceptional financial flexibility and positioning the company with the strongest liquidity profile among peers [18] Q&A Session Summary Question: Future growth and volume growth comparison with peers - Management indicated that Wheaton's growth profile includes close to 250,000 ounces a year between now and 2029, which is significantly higher than peers [29][30] Question: Capital deployment into larger-scale copper projects - Management acknowledged the potential for future growth in large porphyry copper-gold systems, indicating that streaming will likely play a role in financing [32] Question: Technical information on Spring Valley - Management provided insights into the updated feasibility study and recovery rates, emphasizing the potential for higher production than forecasted [35][36] Question: Silver opportunities in the market - Management confirmed that there are larger silver opportunities available and that the company is actively pursuing them [46][48] Question: Payment profile for Spring Valley stream - Management explained that the majority of the $670 million payment will be made during development, with a small upfront payment [78]

Financial Performance - Revenue reached $476 million in Q3 2025[7] - Net earnings totaled $367 million[7] - Adjusted net earnings amounted to $281 million[7] - Operating cash flow was $383 million[7] - Gross margin for Q3 2025 increased by 70% compared to Q3 2024[24] - Net earnings increased by 138% from $155 million in Q3 2024 to $367 million in Q3 2025[25] - Adjusted net earnings increased by 84% from $153 million in Q3 2024 to $281 million in Q3 2025[25] - Operating cash flow increased by 51% from $254 million in Q3 2024 to $383 million in Q3 2025[25] Operational Highlights - Salobo produced 67,000 ounces of attributable gold, a 7% increase relative to Q3 2024[13] - Peñasquito produced 2.1 million ounces of attributable silver, a 17% increase relative to Q3 2024[13] Corporate Development - Declared a quarterly dividend of $0.165 per common share, a 6.5% increase relative to the fourth quarterly dividend of 2024[9]

Core Insights - Pan American Silver (PAAS) is expected to report quarterly earnings of $0.49 per share, a 53.1% increase year-over-year, with revenues projected at $867.76 million, reflecting a 21.2% year-over-year growth [1] Earnings Estimates - The consensus EPS estimate has been revised 17.6% higher in the last 30 days, indicating a collective reevaluation by analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3] Production Estimates - Analysts estimate gold production at 184 thousand ounces, down from 225 thousand ounces year-over-year [5] - Silver production is expected to be 5843 thousand ounces, up from 5467 thousand ounces year-over-year [5] - La Colorada Operation's silver production is projected at 1462 thousand ounces, an increase from 1329 thousand ounces year-over-year [6] - Huaron Operation's silver production is estimated at 818 thousand ounces, down from 888 thousand ounces year-over-year [6] - San Vicente Operation's silver production is expected to be 721 thousand ounces, down from 811 thousand ounces year-over-year [7] - Dolores Operation's silver production is projected at 208 thousand ounces, significantly down from 442 thousand ounces year-over-year [7] - Gold production at Dolores Operation is expected to be 6 thousand ounces, down from 18 thousand ounces year-over-year [8] - Timmins Operation's gold production is estimated at 27 thousand ounces, down from 34 thousand ounces year-over-year [8] Price and Cost Estimates - Average realized price per ounce of silver is expected to reach $39.11, up from $29.52 year-over-year [9] - Average realized price per ounce of gold is projected at $3448.99, compared to $2475.00 year-over-year [9] - Cash costs per ounce for the silver segment are estimated at $12.85, down from $15.88 year-over-year [10] - Cash costs per ounce for the gold segment are projected at $1350.82, up from $1195.00 year-over-year [10] Market Performance - Shares of Pan American Silver have decreased by 12.2% in the past month, contrasting with a -0.2% change in the Zacks S&P 500 composite [11] - The company holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [11]

Core Insights - Wheaton Precious Metals Corp. reported a revenue of $476.26 million for the quarter ended September 2025, marking a 54.5% increase year-over-year and a surprise of +1.08% over the Zacks Consensus Estimate of $471.15 million [1] - The company's EPS for the quarter was $0.62, up from $0.34 in the same quarter last year, exceeding the consensus EPS estimate of $0.59 by +5.08% [1] Financial Performance - The stock has returned -10% over the past month, while the Zacks S&P 500 composite has increased by +1.3% [3] - Wheaton Precious Metals holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Key Metrics - Units Sold - Silver: 4,760.00 Oz, exceeding the 10-analyst average estimate of 4,678.09 Oz [4] - Units Produced - Gold - Sudbury: 5.00 Oz, surpassing the average estimate of 4.10 Oz [4] - Units Produced - Gold - Salobo: 67.00 Oz, slightly below the average estimate of 67.57 Oz [4] - Units Produced - Gold - Constancia: 12.80 Oz, exceeding the average estimate of 7.45 Oz [4] Sales Performance - Sales of Silver - Peñasquito: $63.21 million, compared to the $65.09 million average estimate, representing a +28.1% year-over-year change [4] - Sales of Silver - Antamina: $60.98 million, exceeding the $50.11 million average estimate, with a +108.4% year-over-year change [4] - Sales of Cobalt: $9.62 million, surpassing the $6.02 million average estimate, reflecting a +924.8% year-over-year change [4] - Sales of Gold - San Dimas: $23.08 million, compared to the $24.11 million average estimate, with a +32% year-over-year change [4] - Total Sales of Gold: $274.8 million, slightly below the 10-analyst average estimate of $280.98 million, representing a +45.8% year-over-year change [4] - Total Sales of Silver: $188.8 million, exceeding the 10-analyst average estimate of $179.19 million, with a +64% year-over-year change [4] - Sales of Palladium: $3.04 million, compared to the $2.69 million average estimate, reflecting a -16.5% year-over-year change [4] - Sales of Gold - Stillwater: $5.08 million, in line with the $5.09 million average estimate, representing a +24.8% year-over-year change [4]