Workflow
Gold and Silver Mining
icon
Search documents
Americas Gold and Silver Corporation (USA:CA) Q3 2025 Earnings Call Prepared Remarks Transcript
Seeking Alpha· 2025-11-11 13:11
Core Insights - The conference call is focused on the third quarter earnings for Americas Gold and Silver, highlighting the company's growth and financial performance [1][2]. Financial Highlights - The Chief Financial Officer, Warren Varga, will present the financial highlights for the quarter, indicating a structured approach to financial reporting [2]. Corporate Development - Oliver Turner, Executive Vice President of Corporate Development, will discuss significant corporate highlights, suggesting ongoing strategic initiatives within the company [2]. Growth Strategy - The company expresses confidence in its growth trajectory and the efforts made to achieve its goals during Q3 of 2025, emphasizing a commitment to operational excellence [4].
Bear Creek Mining Reports Q3 2025 Financial and Operating Results
Newsfile· 2025-11-11 13:00
Core Insights - Bear Creek Mining Corporation reported its interim consolidated financial results for Q3 2025, highlighting operational challenges and financial losses [1][3][4] Financial Performance - Revenue for Q3 2025 was $22.5 million, with a comprehensive loss of $30.8 million, translating to a loss of $0.11 per share [4][21] - Adjusted earnings for the quarter were $(10.6) million, or $(0.04) per share, consistent with recent quarterly results [5][23] - Cash generated from operating activities was $(5.98) million, while cash used in investing activities was $(11.45) million, and financing activities generated $13.02 million [4][24] Production Highlights - The company produced 6,219 ounces of gold and 18,866 ounces of silver during Q3 2025 [5][6] - Total tonnes mined were 76,211, and tonnes processed were 79,457, with an average gold grade mined of 2.84 g/t [6][8] - Production was impacted by development deficits at the Mercedes mine due to operational challenges and ventilation issues at the Marianas deposit [3][9] Operational Challenges - The company faced significant operational challenges, including contractor underperformance and ground stability issues at the Marianas deposit, which hindered production [9][11] - A comprehensive recovery plan is being implemented to address these challenges, including transitioning to a replacement contractor [9][11] Strategic Initiatives - The company is actively conducting a Strategic Review to explore options for enhancing value, including potential asset sales or mergers [5][18] - Ongoing community support initiatives and environmental monitoring are being maintained at the Corani project [14][15] Debt Management - The company has deferred interest payments on certain debt agreements until December 31, 2025, and has issued a secured promissory note for up to $6.5 million for working capital [16][17] - As of September 30, 2025, the company had a net working capital deficiency of $113.1 million [25]
Tocvan Announces Maiden Drill Program Underway at North Block Gran Pilar Gold-Silver Project
Accessnewswire· 2025-11-11 07:05
Group 1 - The company has initiated its maiden drill program targeting a 3.2 km by 1.5 km zone with strong mineralization indicators [1] - Site preparations are complete, including road access and drill pads, with an initial 2,000 meters of drilling currently in progress and an additional 3,000 meters proposed [1] - Promising surface results have been reported, including high-grade samples from the North Alteration Zone, such as 5.6 g/t Au and 106 g/t Ag over 2 meters, along with historic workings yielding 3.2 g/t Au and 1,225 g/t Ag [1]
Lahontan Mobilizes Drill Rig to the Santa Fe Mine
Accessnewswire· 2025-11-10 14:55
TORONTO, ON / ACCESS Newswire / November 10, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that it has mobilized a track-mounted reverse-circulation ("RVC") drill rig and crew to its Flagship Santa Fe Mine project in Nevada's gold and silver-rich Walker Lane. The MPD-1500 RVC track-mounted drill rig will focus on in-fill drilling, upgrading gold and silver resources from the Inferred to Indicated category, and expanding overall resource numbe ...
ESGold Completes Montauban Mill Building Construction and Moves Toward Production Readiness
Globenewswire· 2025-11-10 13:00
Core Insights - ESGold Corp. has completed the main mill building at the Montauban Gold-Silver Project in Quebec, marking a significant milestone towards production [1][2][6] - The company is now transitioning to equipment procurement and installation, moving into the commissioning phase [2][4][5] - ESGold anticipates first gold and silver production from Montauban in 2026 [5] Facility Completion - The mill building structure, concrete flooring, and interior divisions are fully completed, including the on-site gold room and laboratory for metallurgical testing [2][3] - The completion of the facility allows ESGold to focus on sourcing and installing processing equipment necessary for the Merrill Crowe circuit [4] Equipment Procurement - ESGold has initiated procurement of processing equipment, including clarifying tanks, filtration units, and vacuum systems [4] - The company plans to move into system integration and commissioning once all components are received [4] Exploration Planning - ESGold's geological team is finalizing a comprehensive 3D geological model for the Montauban district, which will guide future exploration and drilling [7] - The model integrates various data types to refine drill targets and identify deeper mineralized structures [7] Economic Assessment - The Updated Preliminary Economic Assessment (PEA) indicates a robust economic outlook with an after-tax NPV (5%) of C$24.27 million and an after-tax IRR of 60.3% [10] - The project is expected to have a payback period of less than two years from the start of production, highlighting strong project economics [10] Strategic Positioning - ESGold is well-positioned to transition from construction to commissioning, with funding secured and construction complete [8] - The company aims to create a long-term platform for growth and value creation for shareholders [6][12]
Americas Gold and Silver (NYSEAM:USAS) 2025 Conference Transcript
2025-11-10 12:02
Summary of Americas Gold and Silver Conference Call Company Overview - **Company**: Americas Gold and Silver (NYSEAM:USAS) - **Primary Asset**: Galena Complex in Idaho, USA - **Other Assets**: Cosalá Mine in Mexico, Relief Canyon, and San Felipe exploration asset Key Points and Arguments 1. **Management Team**: The company emphasizes the importance of a skilled management team with a strong track record in mining operations and turnaround strategies [2][3][4] 2. **Turnaround Expertise**: Americas Gold and Silver is recognized as a turnaround expert, having successfully revitalized struggling mining assets in the past [2][4] 3. **Historical Success**: Previous successes include Klondex Mines sold for $700 million and RNC Minerals sold for $1.3 billion, showcasing the team's ability to enhance asset value [3][4] 4. **Galena Complex**: The Galena Complex has a rich mining history and is positioned in a premier silver mining area, with a production goal of returning to 5 million ounces of silver per year [8][9][10] 5. **Infrastructure Value**: The existing infrastructure at Galena is valued at over $2 billion, which provides a significant advantage for future operations [10] 6. **Production Capacity**: The company plans to increase the hoisting capacity from 350 tons per day to 900 tons per day, which will enhance mill feed and overall production [11][12] 7. **Mining Method Changes**: Transitioning from underhand cut and fill to long-hole stoping is expected to improve efficiency and production rates [12][13] 8. **Resource Endowment**: Galena has over 170 million ounces of silver, with plans to compress mine life by increasing production beyond 5 million ounces per year [14][15] 9. **High-Grade Mining**: The current head grades are around 480 grams per tonne silver, with aspirations to return to historical grades of 700 grams per tonne [15][17] 10. **Byproduct Revenue**: The renegotiated offtake agreement with Teck Resources allows the company to receive payments for byproducts, including antimony, which has significant revenue potential [19][20] 11. **Antimony Production**: Galena is the only large-scale producing antimony mine in the U.S., with plans to capitalize on this byproduct through new processing facilities [19][21] 12. **Cosalá Mine**: The Cosalá operation is producing 1.5-2 million ounces of silver annually and is set for exploration drilling to enhance production [21][22] 13. **Shareholder Alignment**: Management and directors have a strong alignment with shareholders, having increased their ownership from 7% to 63% since the deal announcement [22][23] Additional Important Information - **Market Position**: The company is positioned as the third highest-grade silver mine globally, with 87% of revenue exposure to silver [22] - **Analyst Coverage**: The company has gained interest from four new analysts, indicating growing market confidence [23] This summary encapsulates the key insights and strategic direction of Americas Gold and Silver as discussed in the conference call.
Arizona Gold & Silver CEO discusses latest drill results from Philadelphia project - ICYMI
Proactiveinvestors NA· 2025-11-08 17:14
Core Insights - Arizona Gold & Silver Inc has reported significant drill results from its Philadelphia project, with the latest hole intersecting over 34 meters of the Perry vein, indicating strong continuity and potential for high-grade mineralization [1][3] - The company plans to continue drilling through holes 158 and 159 until the end of the year and expects to receive a key permit in January to drill down dip on hole 156, which could reveal further potential [2][5] Drilling Results - The latest drill hole intersected over 34 meters of the Perry vein, following a previous intersection of 38 meters, demonstrating consistent results and continuity [1][3] - Grades from hole 157 are still pending, but visual assessments suggest confidence in the continuity of high-grade zones similar to those seen in hole 156 [4] Future Plans - The company intends to continue drilling with holes 158 and 159, aiming to extend the strike length once the expected permit is received in January [2][5] - Geologist Greg Hahn believes the vein may extend at least another 1,000 feet, indicating significant potential for further discoveries [2][6]
Royal Gold(RGLD) - 2025 Q3 - Earnings Call Transcript
2025-11-06 18:00
Financial Data and Key Metrics Changes - Earnings for Q3 2025 were $127 million, or $1.92 per share, with adjusted net income reaching a record $136 million, or $2.06 per share after accounting for non-recurring costs [5][19] - Revenue for the quarter was a record $252 million, up 30% year-over-year, driven by a 40% increase in gold prices and a 34% increase in silver prices [16][19] - Adjusted EBITDA margin maintained over 80% for the quarter, reflecting strong operational efficiency [5] Business Line Data and Key Metrics Changes - Royalty revenue increased by 41% year-over-year to $86 million, with significant contributions from Peñasquito, Cortez CC Zone, LaRonde Zone 5, and Voisey's Bay [8] - Stream segment revenue rose by 25% to $166 million, with increased sales from Andacollo, Rainy River, Mt. Milligan, Comacal, and Wasa [9] Market Data and Key Metrics Changes - Gold accounted for approximately 78% of total revenue, followed by silver at 12% and copper at 7% [17] - The company reported a significant increase in metal prices, with gold up 40%, silver up 34%, and copper up 6% compared to the prior year [16] Company Strategy and Development Direction - The company aims to diversify its portfolio and has added several quality producing and development assets through recent acquisitions, including Sandstorm Gold and Horizon Copper [6][28] - The strategic rationale for recent transactions has resonated well with shareholders, indicating strong support for the company's growth strategy [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to repay debt by mid-2027 under current metal prices, despite the increased debt load from acquisitions [34][35] - The company plans to maintain its 2025 guidance ranges for metal sales and effective tax rates, excluding impacts from recent acquisitions [20] Other Important Information - The company received the first tranche of gold as part of the Mt. Milligan cost support agreement, realizing proceeds of $44 million shortly after receipt [24] - The company is actively looking for new investment opportunities, although it is cautious about the current market dynamics and gold price volatility [89] Q&A Session Summary Question: Can you elaborate on the delivery mechanisms for the Constantian stream? - Management clarified that the delay in expected ounces is due to timing and not a production shortfall, with the ounces expected to be delivered in 2026 [31][32] Question: How comfortable is the company with the current debt level? - Management expressed comfort with the debt level, indicating a pro forma leverage of between 1 and 1.5 on a net debt to EBITDA basis, which is considered manageable [34][35] Question: What are the plans regarding the 30% joint venture interest in Hamadan? - Management reiterated that converting the joint venture interest into a more traditional royalty interest is a priority [37] Question: What steps will the company take to ensure the market understands the recent transactions? - Management plans to engage with investors and analysts to communicate the growth prospects and value of the expanded portfolio [44][45] Question: When can we expect updated guidance for 2026? - Management indicated that an investor day is planned for late March, where 2026 guidance will be discussed [47][75] Question: Will there be a bump in the cost base for the former Sandstorm assets? - Management is still finalizing the accounting treatment for the Sandstorm assets, which may affect depreciation [98] Question: Is the company still looking for new transactions? - Management confirmed that they are actively looking for opportunities, although they are cautious about the scale of potential investments [89][90]
Stinger Resources Inc. Announces CSE Listing and TSXV Delisting
Newsfile· 2025-11-05 14:00
Cardston, Alberta--(Newsfile Corp. - November 5, 2025) - Stinger Resources Inc. (TSXV: STNG) (the "Company" or "Stinger Resources") announces that the Company has received confirmation from the Canadian Securities Exchange (the "CSE") that the common shares of the Company are expected to commence trading on the CSE effective at market open on November 10, 2025.In connection with the listing of its common shares on the CSE, the Company has submitted a request to voluntarily delist its common shares from TSX ...
Aya Gold & Silver Inc. (AYA:CA) Discusses Boumadine Preliminary Economic Assessment Results and Project Development Transcript
Seeking Alpha· 2025-11-04 22:26
PresentationElizabeth Hamaue Good morning, everyone, and welcome to the Boumadine PEA Results Webinar. I'm Elizabeth Hamaue, Director of Corporate and Financial Communications. The IR team is excited to share the results of this important milestone. Joining me today are Benoit La Salle, President and CEO; Raphael Beaudoin, Vice President of Operations; Patrick Perez, Director of Technical Services; Ugo Landry-Tolszczuk, Chief Financial Officer; Sebastian Humphrey, Project Manager; and David Lalonde, Vice P ...