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Integra Resources(ITRG) - 2025 Q3 - Earnings Call Transcript
2025-11-13 17:00
Financial Data and Key Metrics Changes - In Q3 2025, the company reported record revenue of $70.7 million, with operating cash flow of $35.6 million generated from Florida Canyon [9][36] - Adjusted earnings for the quarter were $16.3 million, or $0.10 per share, marking a total year-to-date adjusted earnings of $32.5 million, or $0.19 per share [10][36] - The cash balance at the end of the quarter was $81.2 million, the strongest financial position in the company's history [10][36] Business Line Data and Key Metrics Changes - Florida Canyon produced 20,653 ounces of gold in Q3 2025, with a cash cost of $1,876 per ounce and all-in sustaining cost (AISC) of $2,647 per ounce [9][14] - Year-to-date production from Florida Canyon reached 58,063 ounces, aligning with the annual guidance of 70,000-75,000 ounces [14] - The average realized gold price during the quarter was $3,464 per ounce, demonstrating significant cash flow leverage [9][36] Market Data and Key Metrics Changes - The company noted that elevated gold prices are adding cost pressure, with a $100 per ounce change in gold price resulting in an estimated $7 change to both cash costs and mine site AISC [15] - The average gold price realized year-to-date was $3,228 per ounce [36] Company Strategy and Development Direction - The acquisition of Florida Canyon has transformed the company from a gold developer to a gold producer, providing a reliable cash flow source to advance other projects [5][7] - Major investments are underway at Florida Canyon, including heap leach pad expansion and process optimization, aimed at sustaining and growing the operation [6][17] - The company aims to become a U.S.-focused intermediate gold producer, with ongoing work at Florida Canyon supporting the advancement of the Delamar and Nevada North projects [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Florida Canyon's ability to generate cash flow, which supports the development of other projects [5][10] - The company expects to publish an updated life of mine plan for Florida Canyon in the first half of 2026, highlighting its future potential [6][10] - The permitting process for the Delamar Project is progressing, with clarity expected in early 2026 [28][29] Other Important Information - A historic relationship agreement was signed with the Shoshone-Paiute Tribe for the development of the Delamar Project, emphasizing collaboration and sustainable economic development [31][32] - The company is focused on disciplined capital allocation and evaluating strategic M&A opportunities to support its growth objectives [41] Q&A Session Summary Question: How should we think about residual ounces boosting production going forward? - Management indicated that roughly half of the production is from residual ounces, which is expected to continue for some time but will taper off gradually [44][47] Question: Has the U.S. government shutdown affected permitting? - Management confirmed that there was no delay in permitting timelines due to the government shutdown, as they had a cost recovery program in place with the Bureau of Land Management [48] Question: What gold price will be used for future studies? - The company is monitoring consensus prices and has not finalized a price yet, but it is expected to be in the range of $2,500 to $3,000 [50][51] Question: When will major capital investments at Florida Canyon be behind? - Management indicated that capital expenditures are expected to taper off by the end of 2026, but future expansions may require additional capital [56][58] Question: Is all drilling material within permitted areas? - Management confirmed that all drilling for the north dumps and interpit areas is within the mine plan of operations, requiring no new permitting [77]
i-80 Gold (IAUX) - 2025 Q3 - Earnings Call Transcript
2025-11-13 16:02
i-80 Gold (NYSEAM:IAUX) Q3 2025 Earnings Call November 13, 2025 10:00 AM ET Company ParticipantsRichard Young - CEORyan Snow - CFOPaul Chawrun - COOConference Call ParticipantsDon DeMarco - Equity Research AnalystOmeet Singh - AnalystOperatorHello, and thank you for joining us for i-80 Gold's 2025 third quarter conference call and webcast. Today's company presenters include Richard Young, President and Chief Executive Officer of i-80 Gold, Paul Chawrun, COO, and Ryan Snow, CFO. Before we continue, please no ...
i-80 Gold (IAUX) - 2025 Q3 - Earnings Call Transcript
2025-11-13 16:02
i-80 Gold (NYSEAM:IAUX) Q3 2025 Earnings Call November 13, 2025 10:00 AM ET Company ParticipantsRichard Young - CEORyan Snow - CFOPaul Chawrun - COOConference Call ParticipantsDon DeMarco - Equity Research AnalystOmeet Singh - AnalystOperatorHello, and thank you for joining us for i-80 Gold's 2025 third quarter conference call and webcast. Today's company presenters include Richard Young, President and Chief Executive Officer of i-80 Gold, Paul Chawrun, COO, and Ryan Snow, CFO. Before we continue, please no ...
i-80 Gold (IAUX) - 2025 Q3 - Earnings Call Transcript
2025-11-13 16:00
Financial Data and Key Metrics Changes - Third quarter gold sales nearly doubled over the prior year period to approximately 9,400 ounces, with total revenue from gold sales increasing to approximately $32 million for the quarter, driven by higher ounces sold and a higher average realized gold price of $3,412 per ounce [17][18] - The company reported a net loss of approximately $42 million or $0.05 per share, similar to the prior year period, reflecting the development stage and strategic investment [18] - Cash used in operating activities decreased to approximately $15 million compared to about $24 million in the prior year due to higher gross profit and working capital [18][19] Business Line Data and Key Metrics Changes - At Granite Creek Underground, approximately 15,000 tons of oxide mineralized material were mined at a grade of about 9.8 grams per ton, and approximately 20,000 tons of sulfide material at a grade of about 10.7 grams per ton were mined [8][9] - The stockpile of sulfide material processed by a third-party autoclave was normalized by quarter-end, and gold sold totaled 7,400 ounces for the quarter [8][9] Market Data and Key Metrics Changes - The company continues to recover gold from existing leach pads at Lone Tree and Ruby Hill, with approximately 2,000 ounces recovered and sold in the third quarter [9] Company Strategy and Development Direction - The company aims to create a Nevada-focused mid-tier gold producer, with significant progress made towards key milestones in its development plan [2][3] - A recapitalization plan is underway, with expectations to secure a financing package by mid-2026 to support various phases of the development plan [5][19] - The company is focused on long-term value creation and has initiated a sustainability strategy to attract and retain talent [4][5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing the development plan and unlocking the value of the resource base as the company moves into 2026 and 2027 [22][39] - The company believes it is trading at a deep discount compared to comparable developers, indicating potential for market recognition of its value [23] Other Important Information - The Lone Tree plant refurbishment study is substantially complete, with a construction decision anticipated in the second quarter of 2026 [16] - The company is evaluating ways to accelerate value creation, including a potential pre-feasibility study on Mineral Point [5] Q&A Session Summary Question: Where is the company currently mining and when will it start mining from longer levels in the South Pacific Zone? - The company is mostly mining in the OG Zone and has started the upper zone of the South Pacific. It expects to be around 60% in the South Pacific Zone next year [25][26] Question: What are the steps being taken to process oxide through the Lone Tree plant? - The autoclave can be bypassed with oxide ore, and the company is evaluating the potential for feeding that through as commissioning approaches [28] Question: Regarding the recapitalization plan, is the company reconsidering the disposition of the non-core FAD asset? - The company is evaluating all options for recapitalization, including the potential sale of the FAD asset, but will only proceed if a fair value can be obtained [32][33] Question: What is the expected CapEx for the refurbishment of the Lone Tree autoclave and Archimedes' development in 2026? - The refurbishment is estimated at $400 million, with approximately $175 million expected to be spent in 2026, and Archimedes' development is expected to be about $40 million [34][35]
Integra Resources(ITRG) - 2025 Q3 - Earnings Call Presentation
2025-11-13 16:00
Third Quarter 2025 Operating & Financial Results November 13, 2025 TSX-V: ITR I NYSE: ITRG INTEGRARESOURCES.COM CAUTIONARY NOTE & DISCLAIMER This document has been prepared by Integra Resources Corp. ("Integra" or the "Company") solely for the use in connection with the recipient's evaluation of the Company. This document is a presentation of information about the Company's activities as the date of the presentation and should be read in conjunction with all other disclosure documents of the Company. The in ...
Pan American Silver(PAAS) - 2025 Q3 - Earnings Call Presentation
2025-11-13 16:00
Financial Performance - Record Attributable free cash flow of $251.7 million was achieved in Q3 2025[12] - Adjusted earnings reached $181.0 million, or $0.48 per share[13] - The company has a strong financial position with $1.7 billion in Total Available Liquidity[14] Production Results - Attributable silver production was 5.5 million ounces in Q3 2025[12] - Attributable gold production was 183.5 thousand ounces in Q3 2025[12] Costs - Silver Segment AISC was $15.43 per ounce in Q3 2025[12] - Gold Segment AISC was $1,697 per ounce in Q3 2025[12] Operational Updates - Successful integration of the 44% interest in Juanicipio mine[12] - Increased attributable 2025 silver production guidance and reduced Silver Segment AISC guidance[12] - Discovery of multiple high-grade silver zones at La Colorada[14]
Allied Gold Gains Momentum With Increased Production: Can It Sustain?
ZACKS· 2025-11-13 15:15
Key Takeaways Allied Gold produced 262,077 ounces in the first nine months of 2025, up from a year earlier.Higher output expected from Bonikro and Sadiola, with Phase 1 expansion at Sadiola nearing completion.New equipment, skilled hires and refined mining models aim to drive efficiency and productivity.Allied Gold Corporation (AAUC) , a Canada-based gold producer, is steadily building momentum with operations spread across Mali, Côte d’Ivoire and Ethiopia. In the first nine months of 2025, the company prod ...
Besra Gold Announces: Bau Gold Project, Malaysia, Independent Technical Review and Corporate Update
Newsfile· 2025-11-13 15:07
Besra Gold Announces: Bau Gold Project, Malaysia, Independent Technical Review and Corporate UpdateNovember 13, 2025 10:08 AM EST | Source: Besra Gold Inc.Perth, Western Australia--(Newsfile Corp. - November 13, 2025) - Besra Gold Inc (ASX: BEZ) (Besra or the Company) has received the results of a comprehensive independent technical review of the Bau Gold Project in Sarawak, Malaysia. Since the election of the new Board in June 2025, the new Directors have undertaken a rigorous review of Besra ...
i-80 Gold (IAUX) - 2025 Q3 - Earnings Call Presentation
2025-11-13 15:00
MADE IN THE U.S.A. N YS E : I A U X | T S X : I A U C R E AT I N G A N E VA D A - F O C U S E D , MID -T I E R G O L D P R O D U C E R Q3 2025 Conference Call & Webcast November 13, 2025 CAUTIONARY DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to statements or information regarding: statements regarding preliminary econ ...
Lahontan Receives BLM Approval Of Santa Fe Exploration Plan Of Operations
Accessnewswire· 2025-11-13 14:35
TORONTO, ON / ACCESS Newswire / November 13, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Federal Bureau of Land Management ("BLM") has published its Decision Record ("DR"), Finding of No Significant Impact ("FONSI"), and approval of the Company's Exploration Plan of Operations ("EPOO") for the Santa Fe Mine project, on the BLM's website: https://eplanning.blm.gov/eplanning-ui/home. This decision concludes the National Environmental ...