Core Insights - Wheaton Precious Metals (WPM) is set to report its third-quarter 2025 results on November 6, with sales estimated at $470.4 million, reflecting a 52.5% year-over-year growth, and earnings per share (EPS) projected at 59 cents, indicating a 73.5% increase from the previous year [1][5][6] Financial Performance - The Zacks Consensus Estimate for WPM's third-quarter sales is $470.4 million, which represents a 52.5% increase compared to the same quarter last year [1][5] - The consensus estimate for earnings is 59 cents per share, showing a year-over-year growth of 73.5% [1][5] - Earnings estimates have decreased by 1.7% over the past 60 days [1] Earnings Surprise History - WPM has outperformed the consensus estimate in two of the last four quarters, with an average surprise of 4.7% [3][4] Production Outlook - WPM anticipates an attributable production of 600,000-670,000 gold equivalent ounces (GEOs) for 2025, indicating a 10% year-over-year increase [7] - The third-quarter production is projected at 162,298 GEOs, reflecting a 13.7% year-over-year increase, including 94,165 ounces of gold, which is an 8.5% increase [8][10] Sales Projections - Total gold sales for the third quarter are expected to reach $275 million, a 46% year-over-year rise, contributing 60.3% to total sales [11] - Silver sales volume is projected at 5.52 million ounces, leading to $176 million in sales, a 52.9% increase year-over-year [12] Price Performance - WPM's stock has increased by 51% over the past year, significantly outperforming the industry average growth of 19.3% [14]

Financial Data and Key Metrics Changes - Franco-Nevada reported record financial results for Q3 2025, with total revenue increasing by 77% to $487.7 million compared to Q3 2024 [12][14] - Adjusted EBITDA also reached a record, up 81% to $427.3 million from $236.2 million in the prior year [12][14] - Total GEOs sold increased by 26% to 138,772, with precious metal GEOs sold rising by 41% to 119,109 [10][12] - Adjusted net income was $275 million, or $1.43 per share, reflecting a 79% increase year-over-year [13][14] - Cash cost per GEO rose to $340 from $290, while margin per GEO increased by 42% to $3,116 [14] Business Line Data and Key Metrics Changes - The company benefited from strong contributions from key assets such as Cobre Panamá, Guadalupe, and Candelaria, along with recent acquisitions like Western Limb, Yanacocha, Porcupine, and Côté [10][11] - Approximately 11,000 GEOs were delivered from Cobre Panamá, contributing to the overall increase in GEOs sold [11] Market Data and Key Metrics Changes - Gold prices increased by 40% year-over-year, while silver prices rose by 34% [9] - The company noted a rebound in platinum and palladium prices, while iron ore prices remained flat and oil prices decreased [9] Company Strategy and Development Direction - The company aims for approximately 50% growth in GEOs over the next five years, driven by recent acquisitions and the potential restart of Cobre Panamá [5][6] - Franco-Nevada is focused on maintaining a disciplined approach to acquisitions, emphasizing organic growth alongside new deals [27][28] - The company is exploring opportunities in Australia and remains open to diversifying into other commodities like natural gas and lithium if good value is found [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the resolution of the Cobre Panamá mine closure and the potential for a positive shift in public sentiment towards mining in Panama [5][81] - The company is encouraged by the recent constructive comments from the President of Panama regarding the mine's future [5][81] - Management highlighted the importance of critical minerals and the positive developments in permitting processes for various projects [7][8] Other Important Information - The company reached a settlement with the Canada Revenue Agency regarding tax disputes, which will not require any tax payments on foreign earnings for the specified period [16][17] - Franco-Nevada remains debt-free, with total available capital exceeding $1.8 billion at the end of the quarter [16] Q&A Session Summary Question: Can you talk about the commodity focus in the deal pipeline? - Management confirmed that the primary focus remains on precious metals, with good prospects for adding more gold deals, while also being open to diversified opportunities if they present good value [21][24] Question: Will the focus shift more towards organic growth rather than new deals? - Management clarified that while organic growth is strong, there is still a good pipeline for new deals, and they will maintain discipline in acquisitions [27][28] Question: How does the recent gold price environment affect shareholder returns? - Management stated that their priority remains adding quality assets, with plans to increase dividends sustainably, but share buybacks are not currently being considered [35][36] Question: What is the visibility on NPIs and their performance? - Management indicated limited visibility on NPIs, but expressed optimism about their performance in the current high gold price environment [40][41] Question: What are the expectations for Cobre Panamá's restart? - Management is optimistic about the timeline for the restart, citing positive government comments and ongoing preparations [80][81] Question: How does the company view Argentina as a mining jurisdiction? - Management expressed a positive outlook on Argentina, highlighting recent regulatory changes that could attract investment [91][92]

Financial Data and Key Metrics Changes - Franco-Nevada reported record financial results for Q3 2025, with total revenue increasing by 77% to $487.7 million compared to Q3 2024 [12][16] - Adjusted EBITDA also reached a record, up 81% to $427.3 million from $236.2 million in the prior year [12][16] - Adjusted net income was $275 million, or $1.43 per share, reflecting a 79% increase year-over-year [13][16] - The average gold price increased by 40% year-over-year, while the average silver price rose by 34% [9][10] Business Line Data and Key Metrics Changes - Total GEOs sold increased by 26% to 138,772 in Q3 2025, compared to 110,110 in Q3 2024 [10][12] - Precious metal GEOs sold were 119,109, up 41% from the previous year [10][12] - Approximately 11,000 GEOs were delivered and sold from Cobre Panama, contributing to the strong performance [11] Market Data and Key Metrics Changes - 85% of revenue in Q3 2025 was derived from precious metals, with 88% of revenue sourced from the Americas [14][16] - The company experienced a significant increase in natural gas prices year-over-year, while iron ore prices remained flat [9][10] Company Strategy and Development Direction - The company aims for approximately 50% growth in GEOs over five years compared to last year, supported by recent acquisitions and the potential restart of Cobre Panama [5][6] - Franco-Nevada is focused on maintaining a disciplined approach to acquisitions, emphasizing organic growth alongside new deals [21][27] - The company is exploring opportunities in Australia and remains open to diversifying into other commodities like natural gas and lithium if good value is found [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the resolution of the Cobre Panama mine closure and the potential for a positive shift in public sentiment towards mining in Panama [5][81] - The company is encouraged by the recent performance of its key assets and the overall strong cash flow generation [4][9] - Management highlighted the importance of critical minerals and the positive developments in permitting processes for various projects [7][8] Other Important Information - The company reached a settlement with the Canada Revenue Agency regarding tax disputes for its Mexican and Barbadian subsidiaries, resulting in no tax payment required for foreign earnings during the specified period [16][17] - Franco-Nevada remains debt-free, with total available capital exceeding $1.8 billion as of September 30, 2025 [16] Q&A Session Summary Question: Can you talk about the commodity focus in the deal pipeline? - Management indicated that the primary focus remains on precious metals, with good prospects for adding more gold deals, while also being open to diversified opportunities if they present good value [21][24] Question: Will the focus shift more towards organic growth rather than new deals? - Management clarified that while there is strong organic growth potential, the focus will still be on acquiring new deals, maintaining discipline in the current market environment [27] Question: How does the recent gold price environment affect shareholder returns? - Management stated that the priority remains on adding quality assets, with plans to increase dividends sustainably, but share buybacks are not currently being considered [35][36] Question: What is the visibility on mining from different areas into Q4? - Management acknowledged limited visibility but expressed optimism about the performance of Musselwhite and Hemlo under new ownership [40][44] Question: What are the expectations for the restart of Cobre Panama? - Management is optimistic about the timeline for the restart, citing positive government comments and ongoing preparations [80][81] Question: How does the company view Argentina as a mining jurisdiction? - Management expressed a positive outlook on Argentina, highlighting recent regulatory changes that could attract investment [92][93]

Financial Data and Key Metrics Changes - Franco-Nevada reported record financial results for Q3 2025, with total revenue increasing by 77% to $487.7 million compared to the same quarter in 2024 [11][12] - Adjusted EBITDA reached a record of $427.3 million, up 81% year-over-year [11][12] - Adjusted net income was $275 million, or $1.43 per share, reflecting a 79% increase from the prior year [12][13] - The average gold price increased by 40% year-over-year, while the average silver price rose by 34% [8][9] Business Line Data and Key Metrics Changes - Total GEOs (Gold Equivalent Ounces) sold increased by 26% to 138,772 in Q3 2025, compared to 110,110 in Q3 2024 [9][11] - Precious metal GEOs sold were 119,109, up 41% from the previous year [9][11] - Approximately 11,000 GEOs were delivered and sold from Cobre Panama, contributing to the strong performance [10][11] Market Data and Key Metrics Changes - The company benefited from high gold prices and strong operations, with 85% of revenue coming from precious metals [3][11] - The company’s revenue was sourced 88% from the Americas, with no single asset contributing more than 10% of total revenue [13] Company Strategy and Development Direction - The company has made six significant acquisitions over the last 18 months, enhancing its gold interests and positioning for growth [3][4] - The deal pipeline remains active, with a focus on organic growth and potential new acquisitions, particularly in precious metals [5][20] - The company is exploring opportunities in critical minerals and has plans to support strong teams in Australia [6][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential reopening of Cobre Panama and the positive sentiment towards mining in Panama [4][76] - The company expects roughly 50% growth in GEOs over five years compared to last year, driven by recent acquisitions and high gold prices [4][5] - Management indicated that the focus remains on adding quality assets while maintaining discipline in acquisitions [25][33] Other Important Information - The company reached a settlement with the Canada Revenue Agency regarding tax disputes, resolving issues for the years 2013 to 2019 [15][16] - The company ended the quarter debt-free, with $236.7 million in cash and cash equivalents, and total available capital exceeding $1.8 billion [15] Q&A Session Summary Question: Can you talk about the commodity focus in the deal pipeline? - Management indicated that the primary focus remains on precious metals, with good prospects for adding more gold deals, while also being open to diversified opportunities if they present good value [18][20] Question: Will the focus be more on organic growth instead of new deals? - Management clarified that while there is strong organic growth potential, they remain focused on acquiring new deals as well [25] Question: How does the recent gold price environment affect shareholder returns? - Management stated that their priority is to add quality assets, and while they plan to increase dividends, share buybacks are not currently being considered [33] Question: What is the visibility on mining from different areas into Q4? - Management acknowledged limited visibility but expressed optimism about the performance of Musselwhite and Hemlo under new ownership [37][43] Question: What are the catalysts for the restart of Cobre Panama? - Management highlighted the ongoing environmental audit and positive government sentiment as key factors for the potential restart [74][76] Question: What is the outlook for Taca Taca and San Jorge in Argentina? - Management expressed optimism about the regulatory environment in Argentina and the potential for these assets to attract investment [85][88]

2025 Q 3 R E S U L T S P R E S E N T A T I O N N O V E M B E R 4 , 2 0 2 5 C A U T I O N A R Y S T A T E M E N T 2 F O R W A R D - L O O K I N G S T A T E M E N T S This presentation contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with respect to future events or future performance, includ ...

Project Overview - The Boumadine PEA presents a district-scale, low-cost, precious metals growth opportunity [1, 2] - The project has a low initial CAPEX of $446 million [33] and a low AISC of $1,021/oz AuEq [33, 96] - The project has a mine life of 11 years [34] Financial Highlights - The project boasts a pre-tax NPV(5%) of $2.2 billion and a post-tax NPV(5%) of $1.5 billion, using base case metal prices of $2,800/oz gold and $30/oz silver [33] - The IRR is 69% pre-tax and 47% post-tax, with a payback period of 1.3 years pre-tax and 2.1 years post-tax [33] - The NPV:Capex ratio is 5:1 pre-tax and 3:1 post-tax [33] - The Life of Mine (LOM) revenue is projected at $7.0 billion, with an EBITDA of $3.4 billion and a Free Cash Flow (FCF) of $2.8 billion pre-tax and $2.0 billion post-tax [38] Production and Resources - The project anticipates an average annual production of 401,000 oz AuEq in the first 5 years and 328,000 oz AuEq over the LOM [73] - The updated Mineral Resource Estimate (MRE) in February 2025 showed an increase of 120% in indicated and 19% in inferred contained metal in koz AgEq compared to the 2024 estimate [56]

Core Insights - Aya Gold & Silver Inc. announced the results of its 2025 Boumadine Preliminary Economic Assessment (PEA), highlighting robust project economics and significant potential for the Boumadine Project in Morocco [1][5]. Economic Highlights - The PEA indicates a post-tax Net Present Value (NPV) of $1.5 billion at base case prices and $3.0 billion at spot prices, with an Internal Rate of Return (IRR) of 47% and 77% respectively [2][50]. - Initial capital expenditures are estimated at $446 million, with a payback period of 2.1 years at base case prices and 1.2 years at spot prices [4][50]. - Average annual production is projected at 401 thousand ounces (koz) of gold-equivalent (AuEq) in the first five years and 328 koz AuEq over the life of the mine (LOM) [4][21]. Project Parameters - The Boumadine Project has an 11-year mine life, with a total of 31 permits and licenses covering an area of 339 km² [6][9]. - The project will utilize a combined open pit and underground mining operation, with a processing capacity of 8,000 tonnes per day (tpd) [16][24]. Production and Processing - The flotation plant will produce three concentrates: zinc, lead, and pyrite, with total flotation recoveries of 96.1% for gold and 96.4% for silver [29][30]. - The average head grade for the first five years is expected to be 4.76 g/t AuEq, decreasing to 3.85 g/t AuEq over the LOM [7][24]. Capital and Operating Costs - The average cash cost is projected at $109 per tonne milled, with an All-in Sustaining Cost (AISC) of $1,021 per ounce AuEq produced [42][44]. - Total capital expenditures over the LOM are estimated at $786 million, including sustaining capital of $340 million [38][39]. Market and Offtake Agreements - Aya has received interest for potential off-take agreements for concentrates, particularly for the pyrite concentrate due to its high sulfur content and rising global demand [46][49]. Exploration Potential - There is significant potential for resource expansion beyond the current PEA study, with a 140,000-meter drilling program underway to explore additional mineralized zones [57][58]. Next Steps - The company plans to commence a feasibility study targeting completion by late 2027, alongside ongoing environmental and social assessments [64].

Contact Us Back to the Newsroom Supreme Critical Metals Options Gold Springs 1 Property, Lincoln County, Nevada Tuesday, 04 November 2025 06:00 AM Topic:Â Company Update VANCOUVER, BC / ACCESS Newswire / November 4, 2025 / Supreme Critical Metals Inc., (CSE:CRIT) (FWB:VR6)(OTC PINK:VRCFF) ("Supreme" or the "Company") is pleased to announce that it has acquired an option to earn a 100% interest in the Gold Springs 1 Property (the "Property" or "Gold Springs 1"), located in Stateline Mining District, Lincoln ...

Core Points - Coeur Mining has entered into a definitive agreement to acquire New Gold, with New Gold shareholders receiving 0.4959 shares of Coeur for each New Gold share [1] - The transaction values New Gold shares at $8.51 based on Coeur's closing price, with an aggregate equity value of approximately $7 billion (C$9.84 billion) [2] - Post-merger, Coeur stockholders will own about 62% of the combined entity, while New Gold shareholders will hold around 38% [2] Company Overview - The merged company will be a North American-based senior precious metals producer with a market capitalization of approximately $20 billion, operating across seven sites [3] - It is projected to produce around 1.25 million gold equivalent ounces in 2026, including 20 million ounces of silver and 900,000 ounces of gold [3] - More than 80% of the combined company's revenue is expected to come from the US and Canada, with sector-leading free cash flow [3] Strategic Benefits - New Gold's CEO highlighted the merger as a significant opportunity for shareholders, combining financial strength and cash flow generation with a diversified portfolio and exploration potential [4][5] - The combined entity is expected to generate around $3 billion in EBITDA and $2 billion in free cash flow in 2026, with lower costs and improved margins [5] - This represents a substantial increase from Coeur's anticipated 2025 full-year EBITDA of $1 billion and free cash flow of $550 million [6] Growth Potential - The merged company will have a fully funded growth pipeline, focusing on high-return organic growth opportunities, including projects in New Afton's K-Zone and brownfield exploration at Rainy River [6]

Core Viewpoint - The acquisition of New Gold by Coeur creates the only all North American senior precious metals mining company, enhancing production, cash flow, and liquidity profiles for both companies [3]. Group 1: Acquisition Details - The transaction is positioned as a strategic move to improve both companies faster than they could achieve independently [4]. - The focus of the merger is on aligning company cultures to build a stronger, more resilient team [4]. Group 2: Leadership and Communication - The call features leadership from both companies, with Mitch Krebs and Pat Godin discussing the benefits of the acquisition [2]. - The importance of forward-looking statements and cautionary language is emphasized at the beginning of the call [2].