Core Points - Horizon Copper Corp. has completed a plan of arrangement with Royal Gold, Inc. and its subsidiary, AcquireCo, resulting in Royal Gold acquiring all issued and outstanding Horizon shares and warrants [1][2] - Shareholders will receive C$2.00 for each Horizon Share held, while Warrantholders will receive C$2.00 minus the applicable exercise price for each underlying share [2] - Horizon Shares are expected to be delisted from the TSX Venture Exchange effective October 21, 2025, and the company will apply to cease being a reporting issuer [3] Arrangement Details - The Arrangement involves Royal Gold acquiring Horizon's shares and warrants, with specific consideration outlined for both Shareholders and Warrantholders [1][2] - Shareholders and Warrantholders are advised to review the Circular for procedures on receiving their Consideration [4][5] - Registered Shareholders and Warrantholders must submit necessary documentation to Computershare Investor Services Inc. for processing [5][6] Additional Information - The company is addressing potential delays due to the ongoing Canada Post strike, advising Shareholders and Warrantholders to use courier services for documentation submission [6] - For inquiries regarding the procedures for receiving Consideration, Shareholders and Warrantholders can contact Computershare Investor Services Inc. [7]

Core Points - Denarius Metals has received approval for the Industrial Facility Permit for its Zancudo Project in Colombia, allowing the construction of a 1,000 tonnes per day processing plant, expected to start operations by the end of Q2 2026 [1][2] - The company will generate operating cash flow through early production activities, having mined approximately 1,200 tonnes of material by September 2025, with shipments to Trafigura [3][5] - Denarius Metals is engaged in the acquisition and development of precious metals and polymetallic mining projects in Colombia and Spain, with a focus on high-grade deposits [4][6] Company Developments - The Industrial Facility Permit has a term of 30 years and enables the company to receive a second advance of US$2.5 million from Trafigura under a US$9.0 million prepayment facility [1][2] - Early production activities have commenced, generating cash flow while preparing the mine for semi-mechanized mining [2][3] - The company has engaged a local contractor for the construction of the processing plant, with all necessary equipment already on-site [2] Production and Financials - In the early production phase, mined material has been crushed and shipped to Trafigura, with grades averaging 7.3 g/t gold and 164.5 g/t silver, resulting in approximately 207 ounces of gold and 4,641 ounces of silver shipped [3] - Trafigura's payability rates during early production range from 55% to 70% for gold and 30% to 40% for silver, which will increase to 86% to 90% for gold and 35% to 45% for silver once concentrates are shipped [3]

Core Insights - Collective Mining Ltd. has reported significant visual mineralization from new drill cores at the Guayabales Project's Ramp Zone and the San Antonio Project's Pound target, indicating potential for substantial mineral deposits [1][3][4] - The company is operating ten diamond drill rigs and is on track to complete approximately 60,000 meters of drilling in 2025 [1][4] - Following a recent financing round, the company has approximately US$145 million in its treasury, enabling it to advance its business plan through at least the end of 2027 [2][4] Guayabales Project - Six rigs are currently operational at the Guayabales Project, focusing on high-grade tungsten, gold, silver, and copper mineralization [4][10] - The recently completed drill hole APC143-D1 intersected significant mineralization at a depth of approximately 1,370 meters, marking the deepest drilling at the Apollo system to date [4][5] - Assay results for the Ramp Zone are expected within the next 4-6 weeks [5] San Antonio Project - Approximately 13,000 meters of diamond drilling has been completed at the San Antonio Project, with 9,500 meters focused on the Pound target [7][11] - Drill hole SAC-24 has shown strong visual mineralization starting at a shallow depth, with significant mineralization logged over a length of 225 meters [12] - The Pound target is characterized as a shallow porphyry-related, intermediate sulphidation, sheeted veinlet system, covering over 500 meters of strike length [12] Future Plans - The company plans to expedite drilling at both the Ramp Zone and the San Antonio Project by securing two additional deep capacity rigs, bringing the total to four [3][12] - Exploration at the Pound target continues to expand, with ongoing drilling expected to reveal a potentially large mineralized system [12] - Assay results for the San Antonio Project are anticipated in November 2025 [12]

Core Viewpoint - Americas Gold and Silver Corporation reported a significant increase in silver production for Q3 2025, achieving 765,000 ounces, which is a 98% increase year-over-year and an 11% increase quarter-over-quarter [1][5]. Production Results - Silver production for Q3 2025 reached 765,000 ounces, up from 386,000 ounces in Q3 2024 and 689,000 ounces in Q2 2025 [1]. - Lead production was 2.3 million pounds in Q3 2025, reflecting a 23% increase from 1.9 million pounds in Q2 2025 [1]. Operational Improvements - The increase in silver production was attributed to enhanced efficiencies at the Galena Complex in Idaho and the transition to the higher-grade EC120 zone at the Cosalá Operations in Mexico [2]. - Key efficiency improvements at Galena included better underground development rates, re-introduction of long hole stoping, upgrades to the mining fleet, and enhanced skipping capacity on the No. 3 Shaft [2]. Financial Position - As of September 30, 2025, the company's unaudited consolidated cash balance was US$39 million, a decrease of US$23 million from June 30, 2025, primarily due to increased capital investments for growth initiatives [4]. - The company has US$50 million remaining undrawn on its existing credit facility, positioning it well for future operational strategies [7]. Strategic Insights - The year-to-date production of antimony and copper from the Galena Complex totaled 447,466 pounds and 615,817 pounds, respectively, indicating a strong correlation between antimony and copper production [3]. - The company is recognized as the only current producer of antimony in the United States, highlighting its strategic position in the market [6]. Management Commentary - The Chairman and CEO expressed satisfaction with the production improvements and operational progress, noting the achievement despite a planned 10-day shutdown for upgrades [5].

Core Insights - Silver Range Resources Ltd has experienced a significant turnaround over the past year, highlighted by recent project activities and strategic partnerships [1] Company Overview - The company operates as a classic prospect generator focused on precious metals, primarily in the southwest US, identifying, acquiring, exploring, and enhancing projects before vending them to partners [2] Recent Developments - The company successfully vended its Skylight property to Rush Gold and optioned three projects to Walker Lane Resources, which are currently being financed [4] - The Bellehelen project has been advanced with Excalibur Metals, indicating positive progress [4] Financial Position - A notable turnaround was achieved through monetizing a significant share position in Silver47, resulting in approximately $3 million in recapitalization without the need for financing [3] Future Projects - The company has initiated new project staking in August and September, with plans to roll out additional projects [5] - The Broden Mining deal aims to restart the Faro mine in the Yukon, which was once the largest lead-zinc-silver mine globally, with expectations of finalizing a deal soon [6]

Core Insights - Sibanye Stillwater Ltd. (NYSE:SBSW) reached a new 52-week high as gold prices surged past $4,300, indicating strong investor interest in mining stocks [1][2] - The company's stock price peaked at $13.11 during intra-day trading, ultimately closing at $12.82, reflecting a 6.04% increase [1] - The rise in gold prices was attributed to a 2.83% increase to $4,326.58, driven by optimism for interest rate cuts and geopolitical tensions between the US and China [3] Group 1: Stock Performance - Sibanye Stillwater's stock performance was notably strong, with a 6.04% increase on the day it reached a 52-week high [1] - The stock's intra-day high of $13.11 demonstrates significant market interest and trading activity [1] Group 2: Market Conditions - Gold spot prices increased by 2.83% to $4,326.58, while platinum prices rose by 3.17% to $1,718 per ounce, reflecting a broader trend of investment in precious metals [3] - The increase in precious metal prices is linked to investor sentiment regarding potential interest rate cuts and ongoing geopolitical issues [3] Group 3: Shareholder Activity - The Public Investment Corporation (PIC) raised its stake in Sibanye Stillwater by 2.35%, increasing its total ownership to over 20%, solidifying its position as a major shareholder [4]

Group 1 - Coeur Mining, Inc. (NYSE:CDE) is identified as a top large-cap stock to buy, with Raymond James raising its price target from $13.5 to $22 while maintaining an Outperform rating [1] - The forecast for gold and silver prices indicates growth, with both near and long-term price targets being increased, supported by strong year-to-date performance and ongoing economic and political uncertainty [2] - Coeur Mining focuses on the production of precious metals, primarily gold and silver, operating five wholly owned mines in the US and Mexico, including both underground and open-pit mining operations [3]

Core Viewpoint - Nord Precious Metals Mining Inc. has successfully closed its Listed Issuer Financing Exemption (LIFE) Offering and a concurrent non-brokered private placement, raising a total of $4,000,000, pending final acceptance from the TSX Venture Exchange [1][2]. Financing Details - The LIFE Offering raised $1,566,724 through the issuance of 13,056,041 units at a price of $0.12 per share [2]. - The non-brokered private placement generated $2,433,275 by issuing 20,277,292 units at the same price of $0.12 per share [2]. - Each unit from both offerings consists of one common share and one common share purchase warrant, with the warrants exercisable at $0.155 for five years [3]. Regulatory Compliance - The units from the non-brokered private placement are subject to a hold period of four months and a day in accordance with Canadian securities laws [4]. - Research Capital Corporation, the exclusive finder for the financings, received $226,256 in cash and 1,885,467 finder warrants, also subject to a four-month hold period [5][6]. Company Objectives - The primary business objective for the next 12 months is to increase the silver resource at the Castle East property and explore the economics of tailings processing and metal recovery [7]. - The net proceeds from the offering will be used for tailings recovery testing, pilot scale testing of the Re-2Ox process, diamond drilling on the Castle East Property, and general working capital [8]. Insider Participation - Insiders purchased a total of 1,533,333 units under the private placement, which is classified as a related party transaction [9]. Offering Structure - The units were offered under the Listed Issuer Financing Exemption and will be free-trading under applicable Canadian securities laws, with specific restrictions for U.S. subscribers [10]. Company Overview - Nord Precious Metals Mining Inc. operates a high-grade milling facility in Ontario's Cobalt Camp and focuses on integrating silver discovery with strategic metals recovery [11]. - The Castle property has delineated 7.56 million ounces of silver in inferred resources, averaging 8,582 g/t Ag [12]. - The company's multi-metal processing strategy supports the extraction of critical minerals, including cobalt and nickel, leveraging established infrastructure [13].

Core Insights - Orvana Minerals Corp. reported production and exploration updates for Q4 FY2025, highlighting strong exploration progress and steady operations at Orovalle, Spain [2][3][6] Production Results - Q4 FY2025 production totaled 7,587 gold equivalent ounces, consisting of 6,317 gold ounces, 0.8 million copper pounds, and 24,279 silver ounces [6] - FY2025 production reached 35,705 gold equivalent ounces, including 29,276 gold ounces, 3.6 million copper pounds, and 115,466 silver ounces [6] - The mill processed approximately 101,140 dry tonnes in Q4 FY2025, which is 13% lower than the previous quarter due to planned maintenance [7] Exploration Updates - In Q4 FY2025, 2,652 meters of infill and brownfield drilling were conducted, with significant intercepts reported in Area A2, including 18.75 g/t gold over 8.7 meters [6][9] - The El Valle Boinás program aims to extend mineralization southward, with drilling results supporting resource expansion [9][10] Operational Highlights - The ramp-up of operations at the Carlés mine is expected to reduce operational risk by providing access to ore from two independent deposits [3][20] - Gold production in FY2025 was approximately 2% below the lower end of the guidance, primarily due to the concentration of stope ore extraction in September [7][8] Financial Performance - The average market prices for Q4 FY2025 were $3,455.50/oz for gold, $39.38/oz for silver, and $4.44/lb for copper [8] - FY2025 copper production met guidance, while gold production fell short of expectations [7][8] Future Outlook - The company plans to release consolidated operational and financial highlights for Q4 FY2025 in mid-December 2025, along with FY2026 guidance [17]

Coeur Mining, Inc. (NYSE:CDE) is one of the top stocks to buy as gold rallies. On October 7, the company presented a case for its strategic turnaround at the John Tumazos Very Independent Research Virtual Metals Conference 2025. The company detailed a financial turnaround in 2024 and 2025, highlighting a projected EBITDA surge from $142 million in 2023 to over $900 million in 2024. Free cash flow improved from negative territory (-$297 million) in 2023 to a projected $500 million-plus for 2024. Q2 2024 fre ...