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]

Core Insights - i-80 Gold Corp. announced a mineral resource update for its FAD Project, confirming high-grade mineralization of gold, silver, lead, and zinc [1][4][5] - The FAD Project is located in a prolific mining area in northeastern Nevada and is considered a non-core asset, potentially available for sale to support the company's recapitalization objectives [4][5][19] Mineral Resource Update - The updated mineral resource estimate includes: - Indicated Mineral Resource: 594 kt at 4.51 g/t Au, 209.7 g/t Ag, 4.34% Pb, and 6.77% Zn, containing 86 koz Au, 4.0 Moz Ag, 57 Mlb Pb, and 89 Mlb Zn [5][6] - Inferred Mineral Resource: 2,736 kt at 5.07 g/t Au, 188.6 g/t Ag, 3.69% Pb, and 4.42% Zn, containing 446 koz Au, 16.6 Moz Ag, 223 Mlb Pb, and 267 Mlb Zn [5][6] - The total mineralized material at spot prices is approximately 7,360 kt, containing 895 koz Au, 31 Moz Ag, 408 Mlb Pb, and 680 Mlb Zn [17][18] Geological and Metallurgical Insights - The FAD deposit is characterized as a mid-Cretaceous gold-rich carbonate replacement deposit, primarily hosted by the Eldorado dolomite [27][28] - Preliminary metallurgical tests indicate the presence of critical metals such as gallium and indium in the zinc concentrate, with average grades of 126.0 g/t and 122.5 g/t, respectively [26][24] - The project has potential for additional drilling to further enhance resource estimates and validate historical data [4][5] Project Background and Acquisition - The FAD Project was acquired in 2023 through the purchase of Paycore Minerals Inc. for approximately US$88 million [5][19] - Historical exploration efforts have included significant drilling and development work, with the property consisting of 75 unpatented and 110 patented mining claims [22][20] Strategic Focus - The company is concentrating on advancing its five core gold projects and refurbishing the Lone Tree central processing facility, aiming to establish itself as a mid-tier gold producer in Nevada [4][31][35] - The FAD Project, while presenting significant upside potential, is not a primary focus and may be sold to support the company's broader strategic objectives [4][5]

Accessibility StatementSkip Navigation RENO, Nev., Nov. 6, 2025 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80 Gold" or the "Company")Â is pleased to announce the results of a mineral resource update prepared in accordance with National Instrument 43-101Â – Standards of Disclosure for Mineral Projects for its FAD Project ("FAD" or the "Project"), which confirms the presence of high-grade gold, silver, lead and zinc mineralization. The Project is a non-core asset located on the FAD Property (t ...

Core Insights - Avino Silver & Gold Mines Ltd. reported record net income and earnings per share for Q3 2025, indicating strong financial performance [1] - The company also highlighted significant increases in cash and working capital, reflecting improved liquidity and operational efficiency [1] Financial Performance - The unaudited consolidated interim financial results for Q3 2025 show a notable increase in net income compared to previous quarters [1] - Earnings per share reached a new high, showcasing the company's profitability and effective cost management strategies [1] Liquidity and Capital Management - The company reported a substantial rise in cash reserves, which enhances its ability to invest in future growth opportunities [1] - Working capital levels have improved, indicating a stronger financial position to support ongoing operations and potential expansions [1]

Statement Regarding Third-Party Information: Certain information provided in this presentation, including information about mineral resources and reserves, historical production, production estimates, property descriptions, and property developments, has been provided to us by the operators of the relevant properties or is publicly available information filed by these operators with applicable securities regulatory bodies, in certain cases including the Securities and Exchange Commission. Royal Gold has not ...

Largest Silver Producer in U.S. and Canada THIRD QUARTER 2025 Conference Call RESPONSIBLE. SAFE. INNOVATIVE. Cautionary Statements HECLA MINING COMPANY NYSE: HL Cautionary Statement Regarding Forward-Looking Statements, Including 2025 Outlook This presentation and the related news release and conference call contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended t ...

Core Insights - Fortuna Mining Corp. reported strong financial and operational results for Q3 2025, with free cash flow from operations reaching $73.4 million, an increase of $16.0 million from Q2 2025, driven by higher gold prices and consistent mine performance [2][7][17] - The company maintained cash costs below $1,000 per ounce, with an all-in sustaining cost (AISC) of $1,987 per gold equivalent ounce, reflecting a slight increase from the previous quarter [2][12][20] - The balance sheet strengthened with nearly $600 million in liquidity and $265.8 million in net cash, positioning the company for high-impact growth initiatives [2][7][11] Financial Performance - Attributable net income from continuing operations was $123.6 million or $0.40 per share, a significant increase from $42.6 million or $0.14 per share in Q2 2025 [10][14] - Adjusted attributable net income was $51.0 million or $0.17 per share, up from $44.7 million or $0.15 per share in Q2 2025, primarily due to higher gold prices and sales volume [14][21] - Sales for the quarter totaled $251.4 million, a 40% increase compared to $181.7 million in Q3 2024 [10][11] Operational Highlights - Gold equivalent production from continuing operations was 72,462 ounces, a slight decrease of 1% from Q2 2025 [10][19] - The company achieved a consolidated cash cost of $942 per gold equivalent ounce, up from $929 in Q2 2025, while AISC increased from $1,932 to $1,987 [12][13] - The year-to-date Total Recordable Injury Frequency Rate (TRIFR) was 0.86, indicating strong safety performance with zero lost time injuries in the quarter [7] Growth and Business Development - A Preliminary Economic Assessment (PEA) for the Diamba Sud Gold Project confirmed robust project economics, with an after-tax internal rate of return (IRR) of 72% and a net present value (NPV) of $563 million [7][10] - The company is advancing the Diamba Sud project towards a Definitive Feasibility Study and construction decision in the first half of 2026 [7][10] - Capital expenditures for growth initiatives totaled $17.4 million, with significant investments in mine site exploration and the Diamba Sud project [17][18]