Core Insights - Core Silver Corp. has reported significant gold results along with associated silver values from the Silver Lime Polymetallic Project [1] - The Silver Lime Project is located within the 100%-owned Blue Property in the Atlin Mining District of northwestern British Columbia [1] - The President & CEO of Core Silver, Nick Rodway, emphasized the importance of gold in the mineralizing system of Silver Lime [1]

Transaction Overview - Coeur will acquire all outstanding common shares of New Gold, valuing the transaction at approximately $7 billion based on New Gold's basic common shares outstanding[18] - New Gold shareholders will receive 04959 of a Coeur share for each New Gold share, implying a consideration of $851 per New Gold share, representing a 16% premium[18] - Coeur and New Gold shareholders will own approximately 62% and 38% of the combined company, respectively[18] Combined Company Financial Highlights (2026E) - The combined company is expected to generate approximately $3 billion of EBITDA and approximately $2 billion of free cash flow[10] - The combined entity is projected to have $390 million in cash[40] - The combined entity is projected to have $761 million in debt[40] Production and Revenue - The combined company is expected to produce approximately 20 million ounces of silver, 900000 ounces of gold, and 100 million pounds of copper[12] - The combined company's 2026 estimated gold equivalent production is 1243 Koz Au Eq[46] - Gold is expected to account for 72% of the combined 2026 estimated revenue, silver 20%, and copper 8%[13] New Gold Asset Overview (YTD 2025) - New Afton's operating cash flow is $197 million and free cash flow is $115 million[21] - New Afton's copper production is 391 million pounds and gold production is 502K ounces[21] - Rainy River's operating cash flow is $412 million and free cash flow is $215 million[28] - Rainy River's gold production is 1958K ounces[28]

Core Insights - Coeur Mining, Inc. is set to acquire New Gold Inc. in an all-stock transaction valued at approximately $7 billion, creating a new North American senior precious metals producer with a market cap of around $20 billion [1][4]. Transaction Details - The merger has been unanimously approved by both companies' boards and will see New Gold shareholders receive 0.4959 shares of Coeur common stock for each New Gold share, valuing New Gold at $8.51 per share, which is a 16% premium to its closing price as of October 31 [3][4]. - Upon completion, Coeur shareholders will own approximately 62% of the combined entity, while New Gold shareholders will hold about 38% [4]. Production and Financial Projections - The combined company will have a portfolio of seven mines across the U.S., Canada, and Mexico, with an annual production potential of 900,000 ounces of gold, 20 million ounces of silver, and 100 million pounds of copper [4][5]. - The company anticipates generating $3 billion in EBITDA and $2 billion in free cash flow by 2026, with over 80% of revenue coming from North America [5]. Synergies and Growth Potential - The merger is expected to deliver significant operational and financial synergies, including a strengthened balance sheet, lower costs, and expanded organic growth potential [6]. - The combined pipeline will include Coeur's Silvertip project and New Gold's K-Zone expansion, benefiting from the merged company's scale and liquidity [6]. Management and Board Changes - Several members of New Gold's management team will join Coeur, including Patrick Godin, who will join Coeur's Board of Directors [7]. Advisory and Timeline - BMO Capital Markets and RBC Capital Markets are advising Coeur, while National Bank Capital Markets and CIBC Capital Markets are advising New Gold. The transaction is expected to close in the first half of 2026, pending necessary approvals [8].

Core Viewpoint - Denarius Metals Corp. has announced an updated Mineral Resource Estimate (MRE) for its Zancudo Project in Colombia, showing a 23% upgrade to indicated resources and plans to commence a new drilling campaign of 15,000 meters [1][3][17]. Summary by Sections Updated Mineral Resource Estimate - The updated MRE indicates 979,000 tonnes of indicated resources grading 6.9 g/t gold and 84 g/t silver, totaling 217,000 ounces of gold and 2.7 million ounces of silver [5][7]. - Inferred resources increased by 13% to 4.6 million tonnes grading 5.6 g/t gold and 84 g/t silver, totaling 832,000 ounces of gold and 12.5 million ounces of silver [5][7]. Drilling Campaign and Future Plans - The company is preparing for a new drilling campaign of 15,000 meters, targeting high-grade structures and aiming to convert inferred resources to indicated resources [4][6][17]. - The drilling will focus on four primary objectives, including surface in-fill drilling at the Brisas target and the El Castaño target, as well as underground drilling at the Independencia Mine [18]. Project Development and Economic Assessment - The Zancudo Project is fully permitted for production, with a new 1,000 tonnes per day flotation processing plant under construction [4][18]. - An updated preliminary economic assessment (PEA) is being prepared, reflecting the positive impact of the 2024 in-fill drilling campaign and current metal prices [3][4]. Geological and Technical Details - The mineralization at the Zancudo Project occurs in stacked mantos and steeply dipping veins, with a known vertical extent of 400 meters [5][7]. - The updated MRE is based on 47,329 meters of diamond drilling across 194 holes, including 7,225 meters from the 2024 drilling campaign [5][7].

Core Insights - Coeur Mining, Inc. and New Gold Inc. have entered into a definitive agreement for Coeur to acquire New Gold, creating a combined company with seven North American operations expected to generate $3 billion in EBITDA and $2 billion in free cash flow by 2026 [1][2][5] Transaction Details - New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold share, implying a consideration of $8.51 per New Gold share, representing a 16% premium [2] - The total equity value of the transaction is approximately $7 billion, leading to a pro forma combined equity market capitalization of around $20 billion [2] - Upon completion, Coeur stockholders will own approximately 62% and New Gold shareholders will own about 38% of the combined company [2][12] Strategic Rationale - The merger aims to create a leading North American precious metals producer with a market capitalization of approximately $20 billion and a diversified portfolio generating significant free cash flow [5][6] - The transaction is expected to enhance Coeur's financial position, leading to a net cash position at closing and a growing cash balance, which could facilitate a potential investment-grade credit rating [5][6] - The combined company will have a robust growth pipeline, including high-return organic growth opportunities across its operations in North America [5][8] Benefits to Shareholders - Coeur stockholders will benefit from enhanced asset quality and reduced overall costs due to the addition of New Gold's operations [11] - New Gold shareholders will receive immediate value through a significant premium and will gain exposure to a larger, more diversified entity with reduced risk [11][12] - The transaction is expected to be accretive to Coeur's per share metrics, including net asset value and operating cash flow [11] Management and Governance - The combined management team will include members from New Gold, enhancing the organizational strength and resilience [5][8] - Key executives from New Gold, including its President and CEO, will join Coeur's board of directors upon closing [12][17] Regulatory and Approval Process - The transaction requires approval from New Gold shareholders and regulatory bodies, with a special meeting expected in the first quarter of 2026 [12][13] - Both companies' boards have unanimously approved the transaction and recommend that their respective shareholders vote in favor [16][17]

Core Viewpoint - i-80 Gold Corp. is set to release its financial and operational results for Q3 and the first nine months of 2025 on November 12, 2025, followed by a conference call on November 13, 2025, to discuss the results and project updates [1]. Group 1: Financial and Operational Updates - The quarterly report will include unaudited interim condensed consolidated financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations [1]. - The conference call will provide an opportunity for stakeholders to engage in a question-and-answer session after the results are discussed [1]. Group 2: Company Overview - i-80 Gold Corp. is focused on becoming a mid-tier gold producer in Nevada, holding the fourth largest gold mineral resource in the state [2]. - The company is implementing a hub-and-spoke regional mining and processing strategy to enhance efficiency and growth, leveraging its central processing facility [2]. - i-80 Gold's shares are traded on both the Toronto Stock Exchange (TSX: IAU) and NYSE American (NYSE: IAUX) [2].

Financing - Kingman Minerals Ltd. has successfully closed an upsized non-brokered private placement, raising gross proceeds of $1,500,000 through the issuance of 21,428,500 units at a price of $0.07 per unit [2][4] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of an additional common share at a price of $0.09 for 24 months [2] - The company will pay finder's fees totaling $82,558.20 and issue 470,910 non-transferable finder's warrants in connection with certain subscriptions under the offering [3] Use of Proceeds - The net proceeds from the offering will be allocated to finance exploration and development activities at the Mohave project, including diamond drilling, geophysics, geochemical sampling, and permitting, as well as for general working capital [4] Corporate Governance - The Annual General Meeting of Shareholders was held on October 21, 2025, with 3,929,028 shares (18.4% of issued and outstanding) represented, constituting quorum [6] - Resolutions passed included setting the number of directors at five, re-electing existing directors, re-appointing auditors, and approving the Company's 10% Rolling Stock Option Plan [9]

Core Viewpoint - Fresnillo has signed a definitive agreement to acquire Probe Gold for approximately C$780 million ($558.51 million), aiming to expand its global precious metals portfolio beyond Mexico [1][4]. Group 1: Transaction Details - The acquisition will be executed through a statutory plan of arrangement under the Business Corporations Act (Ontario) [1]. - Probe shareholders will receive C$3.65 in cash for each share they own, reflecting a 39% premium over Probe's closing share price on the Toronto Stock Exchange (TSX) as of October 30, 2025 [2]. - The transaction also represents a 26% premium over the volume-weighted average price of Probe shares on the TSX for the 20 trading days ending October 30, 2025 [2]. Group 2: Support and Recommendations - The Board of Directors of Probe has unanimously recommended that shareholders vote in favor of the transaction [2]. - All directors and officers of Probe, along with Eldorado Gold, holding around 12% of Probe's shares, have entered voting support agreements with Fresnillo [3]. Group 3: Company Background and Strategic Intent - Fresnillo is recognized as the world's largest primary silver producer and Mexico's largest gold producer, operating eight mines and four advanced exploration projects in Mexico, with exploration interests in Peru and Chile [3][4]. - The company aims to reinforce its position as a leading global precious metals company and broaden its project pipeline beyond Mexico [4]. Group 4: Expected Timeline and Context - The transaction is contingent on various approvals and is expected to close in the first quarter of 2026 [4]. - Probe's CEO highlighted that this transaction offers an attractive premium and represents an excellent outcome for shareholders, validating the efforts of the Probe team [5].

Core Viewpoint - Barrick Mining Corporation is considered one of the best stocks to buy and hold for the next decade, with recent price target increases from major analysts indicating positive sentiment towards the company's future performance [1][2][3]. Price Target Adjustments - UBS raised Barrick Mining's price target to $39 from $35 while maintaining a Buy rating [1]. - BofA Securities analyst increased the price target to $38 from $36, with a Neutral rating, as part of a broader adjustment in North American precious metals coverage, which saw an average increase of 16% [2]. - National Bank analyst maintained a Buy rating with a price target of C$65.00 [3]. Commodity Price Forecasts - The adjustments in price targets are driven by higher forecasts for gold and silver prices, with projections of gold reaching $5,000 per ounce and silver hitting $65 per ounce [2]. Company Overview - Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties, focusing on gold, copper, silver, and energy materials [3].

Core Viewpoint - Probe Gold Inc. has entered into a definitive agreement with Fresnillo plc for the acquisition of all issued and outstanding common shares of Probe, offering a cash consideration of C$3.65 per share, representing a 39% premium over the closing price as of October 30, 2025 [1][6]. Company Overview - Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer, operating eight mines and four advanced exploration projects in Mexico, with additional interests in Peru and Chile [2]. - Probe Gold Inc. is a Canadian gold exploration company focused on acquiring, exploring, and developing gold properties, including the multimillion-ounce Novador Gold Project in Québec [16]. Transaction Highlights - The total purchase price for the transaction is approximately C$780 million, with the cash offer not subject to a financing condition [6][7]. - The transaction is expected to close in Q1 2026, subject to customary approvals [6][13]. Board Recommendations - The Board of Directors of Probe unanimously recommends that shareholders vote in favor of the transaction, citing it as being in the best interests of Probe [6][8]. - Directors and officers of Probe, along with Eldorado Gold Corporation, representing approximately 12% of the shares, have entered into voting support agreements to vote in favor of the transaction [6][11]. Benefits to Shareholders - The transaction offers immediate liquidity and certainty of value for Probe shareholders, while removing future risks related to dilution, commodity prices, and project execution [7]. - Fresnillo's strong financial position, with a market capitalization of approximately US$22 billion and cash on hand of US$1.8 billion as of June 30, 2025, adds credibility to the deal [7]. Fairness Opinions - Canaccord Genuity Corp. and CIBC World Markets Inc. have provided fairness opinions indicating that the consideration for Probe shareholders is fair from a financial perspective [9]. Transaction Details - The transaction will be executed through a statutory plan of arrangement under the Business Corporations Act (Ontario), requiring court approval and a two-thirds majority vote from Probe shareholders [10]. - The Arrangement Agreement includes customary deal protections and a break fee of C$31 million under certain circumstances [12].