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]

Financial Performance - Revenue increased by 76.9% from $275.7 million in Q3 2024 to $487.7 million in Q3 2025[15] - Adjusted EBITDA increased by 80.9% from $236.2 million in Q3 2024 to $427.3 million in Q3 2025[15] - Net income increased by 88.3% from $152.7 million in Q3 2024 to $287.5 million in Q3 2025[15] - Adjusted net income increased by 78.7% from $153.9 million in Q3 2024 to $275.0 million in Q3 2025[15] - Gold Equivalent Ounces (GEOs) increased by 26% from 110,110 in Q3 2024 to 138,772 in Q3 2025[15] Commodity Prices - Average gold price increased by 39.5% from $2,477/oz in Q3 2024 to $3,456/oz in Q3 2025[11, 15] - Silver price increased by 33.9% from $29.42/oz in Q3 2024 to $39.38/oz in Q3 2025[11] - Platinum price increased by 43.8% from $963/oz in Q3 2024 to $1,385/oz in Q3 2025[11] - Palladium price increased by 20.7% from $970/oz in Q3 2024 to $1,171/oz in Q3 2025[11] Guidance and Capital - Updated 2025 GEOs guidance is 495,000 - 525,000 and precious metal GEOs guidance is 420,000 - 440,000[25] - Available capital as of September 30, 2025, is approximately $1.85 billion, including $236.7 million in cash, ~$625 million in marketable securities, and ~$1 billion in corporate revolver/credit facility[27]

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].

Core Viewpoint - Nord Precious Metals Mining Inc. is initiating a 3,600-meter phase of a 30,000-meter drill program at its Castle East property, targeting 29 newly modeled silver veins [1][2][4]. Drilling Program Details - The first phase will focus on testing potential silver veins and their extensions above and below the Nipissing Diabase, as well as veins near the contacts with Archean volcanic lithologies [2][3]. - Initial drilling will target a total of 7 modeled veins at various depths, with historical data indicating significant silver intercepts within the diabase and surrounding areas [3][4]. Historical Context and Exploration Potential - Historical production primarily occurred near the upper contact of the diabase, but the lower contact, which can reach depths of 600 meters, remains largely under-explored [5]. - Advances in diamond drilling technology now allow for more accurate directional drilling, making previously inaccessible areas more accessible for exploration [5]. Future Plans - Following the completion of the first phase, the company plans to continue drilling in subsequent phases based on the results obtained [7]. Company Overview - Nord Precious Metals operates the only permitted high-grade milling facility in Ontario's Cobalt Camp and has a strategic focus on integrating high-grade silver discovery with critical metals recovery operations [10][12]. - The Castle property encompasses 63 square kilometers and includes the Castle East discovery, which has delineated 7.56 million ounces of silver in inferred resources [11]. - The company's multi-metal approach supports the extraction of critical minerals, including cobalt and nickel, leveraging established infrastructure for battery materials [12].

Summary of Coeur Mining and New Gold Acquisition Conference Call Company and Industry Overview - **Companies Involved**: Coeur Mining (NYSE:CDE) and New Gold - **Industry**: Precious metals mining Key Points and Arguments 1. **Transaction Announcement**: Coeur Mining announced the acquisition of New Gold, creating the only all-North American senior precious metals mining company with a strong production and cash flow profile [2][4] 2. **Market Position**: The combined entity will be a $20 billion US-based precious metals producer, ranking among the top 10 largest precious metals companies globally and remaining a top five silver producer [4][11] 3. **Financial Projections**: The merger is expected to increase 2026 EBITDA to approximately $3 billion and free cash flow to about $2 billion, leading to a sector-leading free cash flow yield [4][16] 4. **Production Estimates**: The combined operations are projected to produce around 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper in the next year [5][15] 5. **Shareholder Benefits**: The transaction is per share accretive for shareholders, with New Gold shareholders receiving a 16% premium on their shares [11][19] 6. **Operational Synergies**: The merger aims to leverage the strengths of both companies, enhancing operational efficiency and creating a more resilient business model [53][54] Additional Important Insights 1. **Cultural Fit**: Both companies emphasize the importance of cultural alignment and shared values in the success of the merger [3][8] 2. **Geographic Focus**: Over 80% of the combined company's revenue will come from operations in the US and Canada, positioning it favorably in the North American market [4][6] 3. **Exploration Potential**: The acquisition includes significant growth opportunities in exploration, particularly at New Afton and Rainy River, which are expected to enhance the overall production profile [12][14] 4. **Debt Management**: Coeur has successfully managed its debt levels and plans to continue building cash reserves post-acquisition, allowing for strategic capital allocation [50][51] 5. **Regulatory Considerations**: The transaction is subject to customary regulatory approvals, including potential scrutiny from Investment Canada due to the copper component at New Afton [43][44] Conclusion - The acquisition of New Gold by Coeur Mining is positioned as a transformative move within the precious metals mining industry, promising enhanced production capabilities, financial strength, and shareholder value. The strategic alignment of both companies is expected to create a robust platform for future growth and exploration opportunities.

Core Points - Lincoln Gold Mining Inc. intends to settle CDN $101,000 of indebtedness through the issuance of 673,333 units at an issue price of $0.15 per unit, which includes one common share and one-half of a warrant [1][2] - The creditor was unable to subscribe for the full amount in a previous private placement due to conditional approval from the TSX Venture Exchange [2] - The securities issued will be subject to a four-month hold period and the settlement is pending Exchange approval [3] Financial Transactions - The company will not proceed with a previously announced shares for debt transaction [4] - Lincoln Gold has secured an unsecured loan of CDN $190,160 from Ian Rogers, the Chair of the Board, with a 1% monthly interest rate, repayable in 24 months [5] - The loan is classified as a related party transaction, and the company relied on exemptions from formal valuation and minority shareholder approval requirements [5] Company Overview - Lincoln Gold is a Canadian precious metals development and exploration company based in Vancouver, BC, with interests in the Bell Mountain gold-silver property and the Pine Grove gold property [6] - The Bell Mountain project is fully permitted and moving towards production, while the Pine Grove project is in the final stages of permitting [6] - Both projects are located within 61 air miles of each other in the Walker Lane mineral belt, known for its gold and silver deposits [6]