Financial Data and Key Metrics Changes - Barrick reported strong operational and financial results for Q3 2025, achieving records in adjusted earnings per share and cash flow, with a 274% increase in free cash flow compared to Q2 [4][8] - The company ended the quarter with a net cash position, allowing for a 25% increase in the base dividend and a record cash return to shareholders [8][10] - Operating cash flow more than tripled from Q2, driven by higher gold prices, increased production volume, and lower unit costs per ounce, resulting in a 20% quarter-over-quarter increase in attributable EBITDA [8][9] Business Line Data and Key Metrics Changes - Gold production increased by 4% from Q2, primarily due to higher grades at Kibali and increased throughput at Cortez and Turquoise Ridge [6][11] - Copper production slightly declined due to a planned shutdown at Lumwana, but is expected to meet annual guidance [6][15] - North America's attributable EBITDA increased by 19% from Q2, with all sites reporting lower unit costs per ounce [11] Market Data and Key Metrics Changes - The gold price experienced a 5% increase, contributing to higher margins and a significant rise in free cash flow [6][8] - The company expects both gold and copper production to remain within their respective guidance ranges for the year, despite the impact of higher gold prices on cash costs [7][16] Company Strategy and Development Direction - The company is focusing on improving operational performance and safety, particularly in its North American gold assets, which are seen as the most significant opportunity for growth [4][17] - Barrick plans to increase exploration efforts in North America, particularly at the Fourmile project, which is considered one of the most significant gold discoveries of the century [12][18] - The company aims to maintain a strong balance sheet while returning excess cash to shareholders through dividends and buybacks [9][10] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of safety and operational performance, committing to a thorough review of operations to ensure consistent delivery of value [5][16] - The company is optimistic about continued production growth in Q4, aligning with its 2025 production plan [6][16] - Management acknowledged the recent fatalities and is conducting a full investigation to enhance safety measures and culture within the organization [5][53] Other Important Information - The company has authorized a $500 million increase to its existing share repurchase program, reflecting confidence in its business [10] - Barrick's capital allocation priorities include maintaining a strong balance sheet, investing in growth, and returning excess cash to shareholders [9][10] Q&A Session Summary Question: Can you provide a framework for the operational review at Nevada Gold Mines? - The operational review aims to stabilize and improve consistency in delivery, focusing on mining efficiencies and planned maintenance to avoid unexpected issues [20][21] Question: Will the operational review include a review of medium-term guidance? - The review will help ensure predictable outcomes and will inform the budget for the next year, but no major changes are expected at this stage [28][29] Question: What is the status of the asset sales in Mali? - The focus is currently on resolving the situation regarding personnel in Mali, with asset sales on hold until that is addressed [60] Question: What changes in corporate policies can be expected under the new leadership? - The strategy remains consistent, with a heightened focus on North America and Nevada as key growth areas [82]

Financial Performance - Net earnings per share increased by 171% year-on-year to $0.76[13] - Attributable EBITDA increased by 57% year-on-year to $2.02 billion[13] - Free cash flow increased significantly by 233% year-on-year to $1.5 billion[13] - Operating cash flow increased by 105% year-on-year to $2.4 billion[13] - Revenues increased 13% from Q2 2025 and 23% from Q3 2024, reaching $4.1 billion[24] Production and Costs - Gold production was 829,000 ounces in Q3 2025, a 4% increase compared to Q2 2025 but a 12% decrease compared to Q3 2024[20] - Gold AISC decreased by 9% from Q2 2025 to $1,538/oz[20] - Copper production was 55,000 tonnes in Q3 2025, a 7% decrease compared to Q2 2025 but a 15% increase compared to Q3 2024[20] - Copper AISC increased by 8% from Q2 2025 to $3.14/lb[20] Capital Allocation - The quarterly dividend was $0.175 per share[13] - Share buybacks in Q3 2025 amounted to $589 million[13] - Non-core asset sales year-to-date reached $2.6 billion[13]

Core Insights - Barrick Mining Corporation reported record adjusted net earnings and significant increases in operating and free cash flow for Q3 2025, driven by higher gold production, lower costs, and strong commodity prices [1][2][7] Financial Highlights - Barrick generated $4.1 billion in revenue for Q3 2025, a 23% increase from $3.4 billion in Q3 2024 [7][20] - Net earnings reached $1.3 billion ($0.76 per share), up 61% from $811 million in Q2 2025 and 170% from $483 million in Q3 2024 [7][20] - Adjusted net earnings were $982 million ($0.58 per share), a 23% increase from $800 million in Q2 2025 and an 86% increase from $529 million in Q3 2024 [7][20] - Operating cash flow was $2.4 billion, up 82% from $1.3 billion in Q2 2025, while free cash flow reached $1.5 billion, a 274% increase from $395 million in Q2 2025 [5][7] Operational Highlights - Gold production increased by 4% to 829,000 ounces compared to Q2 2025, with a cost of sales of $1,562 per ounce and all-in sustaining costs of $1,538 per ounce [3][20] - Copper production was 55,000 tonnes, in line with expectations, with a cost of sales of $2.68 per pound [4][20] - AISC margins for gold were 19% higher than the previous quarter, reflecting improved operational efficiency [3] Shareholder Returns - The Board approved a 25% increase in the base quarterly dividend to $0.125 per share, along with a performance dividend of $0.05 per share, totaling $0.175 for the current quarter [11][12] - Year-to-date share repurchases amounted to $1 billion, with an expansion of the buyback program by $500 million to a total of $1.5 billion [12][20] Key Growth Projects - The Fourmile project in Nevada is highlighted as one of the most significant gold discoveries of the century, with ongoing drilling expected to potentially double the existing resource [9][10] - The Reko Diq project is on schedule, with construction activities accelerating and project financing nearing completion [10] Safety and Operational Review - The company emphasized a renewed focus on safety and operational performance following recent fatalities, with ongoing investigations into the incidents [6][2] - An operational review is underway to enhance performance and shareholder value, particularly at Tier One gold assets [2][6]

XXIX Appoints Guy Le Bel to its Board of DirectorsNovember 10, 2025 6:00 AM EST | Source: XXIX Metal Corp.Toronto, Ontario--(Newsfile Corp. - November 10, 2025) - XXIX Metal Corp‎. (TSXV: XXIX) (OTCQB: QCCUF) (FSE: 5LW0) ("XXIX" or the "Company") is pleased to announce that Guy Le Bel, CEO of XXIX Metal Corp. has been appointed to the Company's Board of Directors, effective immediately. "We are pleased to welcome Guy to XXIX's board of directors. His contributions to date have been critical in ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Freeport-McMoRan Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Legal Action and Investor Rights - Shareholders who purchased Freeport securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees, facilitated by a contingency fee arrangement [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Freeport [2]. Group 2: Incident Impact - On September 24, 2025, Freeport released an update regarding a mud rush incident at the Grasberg Block Cave mine in Indonesia, which resulted in the fatal injuries of two team members [3]. - Following the announcement of this incident, Freeport's stock experienced a significant decline of 16.95% on the same day [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in this area [4]. - The firm has achieved notable settlements, including the largest securities class action settlement against a Chinese company and has consistently ranked highly in securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering substantial amounts for its clients [4].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Freeport-McMoRan Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Legal Action and Compensation - Shareholders who purchased Freeport securities may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket costs [2]. - A class action is being prepared by Rosen Law Firm to seek recovery of investor losses [2]. Group 2: Incident Impact - On September 24, 2025, Freeport issued a press release regarding a mud rush incident at the Grasberg Block Cave mine in Indonesia, which resulted in the fatal injuries of two team members [3]. - Following this announcement, Freeport's stock experienced a significant decline of 16.95% on the same day [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved notable settlements, including the largest securities class action settlement against a Chinese company and has consistently ranked highly in securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering substantial amounts for its clients [4].

Core Insights - Giant Mining Corp. has expanded its engagement with RESPEC Company LLC to incorporate silver assays from recent and historic drilling at the Majuba Hill project, enhancing the project's potential [1][2][3] Engagement Purpose - RESPEC's updated interpretation will include results from the latest drill program, specifically core data from drill holes MHB-30 through MHB-36 [2] - The integration of silver assays will refine the geological model, evaluate new findings' impact on project potential, and guide further drilling strategies [3] Project Highlights - Majuba Hill has previously reported high-grade silver intercepts, including 74.0 feet of 30.1 g/t Ag, emphasizing its polymetallic strength and potential for significant by-product value [4] - The project is located in Nevada, a top-ranked mining jurisdiction, covering 9,684 acres with existing infrastructure that provides cost advantages [7][9] Strategic Impact - The updated interpretation will strengthen the technical foundation for future economic potential and highlight new target zones, aligning with U.S. demand for secure supply chains [7] - The U.S. Geological Survey's recent designation of copper and silver as critical minerals underscores the strategic relevance of Majuba Hill's mineral system [6][7] Market Awareness - The company has entered into a consulting agreement with Plutus Invest & Consulting GmbH for marketing and investor awareness in the European market, with a total payment of EURO 120,000 [12] Company Overview - Giant Mining is focused on advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals, driven by initiatives like the Green New Deal [13][14] - The Majuba Hill project is positioned to become a significant copper deposit, essential for meeting increasing demand [15]

Core Viewpoint - The demand for copper is increasing, necessitating more copper projects, which will lead to a focus on companies and assets that are in advanced development stages in the coming quarters and years [1]. Group 1: Industry Insights - The world requires more copper, indicating a growing market for copper-related investments and projects [1]. - Companies that have progressed significantly in their development stages will attract attention from investors [1]. Group 2: Company Focus - Solaris Resources Inc. (SLSR) is highlighted as a company of interest within the copper sector due to its advanced development stage [1].

Core Insights - Puma Exploration Inc. has reported high-grade gold and copper values from its 2025 surface sampling program at the Jonpol Property, with results showing up to 19.55 g/t Au and 3.32% Cu [1][2] Group 1: Sampling Results - A total of 10 trenches were excavated, totaling 809 meters, with 169 samples collected, of which 12 exceeded 0.50 g/t Au [2] - Notable results from trench T25-10 included samples with 19.55 g/t Au and 3.32% Cu, as well as 5.64 g/t Au and 2.32% Cu [2] - Additional sampling along the Ramsay Brook Fault revealed values of 9.05 g/t Au, 2.71 g/t Au, 1.62 g/t Au, and 1.04 g/t Au [2] Group 2: Geological Context - The Ramsay Brook Fault is identified as highly prospective for significant gold mineralization, potentially hosting a major gold-bearing trend over at least two kilometers [3] - The Jonpol Property is located approximately 20 km from Puma's Lynx Gold Zone and 5 km northwest of the Murray Brook Deposit, which is the largest undeveloped polymetallic asset in New Brunswick [7] - The property is underlain by sedimentary rocks and features significant geological structures that suggest strong potential for gold mineralization [8][9] Group 3: Exploration Strategy - The 2025 exploration program focused on revisiting historical gold showings and employed established exploration techniques [10] - Previous exploration efforts have reported gold grades from grab samples and diamond drilling, indicating a history of mineralization in the area [10] - The mineralized quartz-carbonate veinlets at the property also contain copper oxides, highlighting the potential for copper alongside gold [11] Group 4: Project Overview - The Williams Brook Project, which includes the Jonpol Property, is optioned to Kinross Gold Corp, with Kinross committed to financing a minimum of $16.75 million in exploration expenditures over the next five years [14] - Puma Exploration has a strategic portfolio of gold landholdings in Northern New Brunswick, focusing on areas with significant geological potential [15][16]

Core Viewpoint - Aura Minerals Inc. has exercised 24,000,000 common share purchase warrants of Altamira Gold Corp. at an exercise price of CAD$0.20 per Warrant, increasing its stake in Altamira significantly [1][2]. Group 1: Acquisition Details - Prior to the acquisition, Aura owned 30,000,000 Shares and 27,000,000 Warrants, representing approximately 11.3% of the issued and outstanding Shares on a non-diluted basis and approximately 19.5% on a fully diluted basis [2]. - Following the transaction, Aura now owns 54,000,000 Shares and 3,000,000 Warrants, representing approximately 18.22% of the issued and outstanding Shares on a non-diluted basis and approximately 19.04% on a fully diluted basis [2]. Group 2: Investment Rationale - Aura acquired the securities of Altamira for investment purposes, citing the exploration potential of Altamira as a key factor [3]. - The company may consider acquiring additional securities or disposing of existing holdings based on market conditions and other relevant factors [3]. Group 3: Company Overview - Aura is focused on the development and operation of gold and base metal projects in the Americas, with five operating assets including gold and copper mines in Honduras, Brazil, and Mexico [7]. - The company emphasizes a holistic approach to mining, considering the impacts and benefits to all stakeholders involved [6].