Core Viewpoint - Endeavour Silver Corp. reported strong financial and operational results for Q1 2025, driven by higher realized prices for silver and gold, despite a decrease in production volumes [2][4]. Financial Overview - Silver ounces produced decreased by 17% to 1,205,793 ounces compared to Q1 2024, while gold ounces produced fell by 18% to 8,338 ounces [4][10]. - Revenue remained relatively stable at $63.5 million, a slight decrease of 0% from $63.7 million in Q1 2024, despite a 30% drop in silver ounces sold [4][10]. - The realized silver price increased by 36% to $31.99 per ounce, and the realized gold price rose by 37% to $2,903 per ounce [4][10]. Production and Operating Costs - Cash costs per silver ounce rose by 20% to $15.89, while all-in sustaining costs increased by 14% to $24.48 per ounce [4][9]. - Direct operating costs per tonne increased by 6% to $142.72, attributed to lower throughput [8][10]. Earnings and Cash Flow - The company reported a net loss of $32.9 million for the quarter, a significant increase from a loss of $1.2 million in Q1 2024 [6][13]. - Mine operating cash flow before working capital changes was $8.3 million, down 18% from the previous year [5][10]. Liquidity and Investments - Endeavour maintained a strong liquidity position with cash of $64.7 million and working capital of $14.8 million [5][10]. - The company completed the acquisition of Minera Kolpa and closed a $50 million equity financing to fund this acquisition [5][10]. Future Outlook - The company is well-positioned for sustainable growth with the addition of the Kolpa project and the upcoming Terronera project [2][5].

Core Viewpoint - Fortuna Mining Corp. has successfully completed the sale of its interest in Roxgold Sanu SA and three other subsidiaries in Burkina Faso to Soleil Resources International Ltd. for $70 million in cash, marking a strategic shift in the company's asset portfolio amidst a strong gold market [1][2][3]. Transaction Details - The transaction involved the acquisition of all issued and outstanding shares of the acquired companies for $70 million in cash. Prior to closing, Roxgold Sanu paid a cash dividend of $53.8 million to Fortuna, along with $3.7 million in withholding tax. Fortuna also has the right to receive up to approximately $53 million in value-added tax receivables upon meeting certain conditions [3]. Financial Impact - Following the sale, Fortuna's cash and short-term investments increased to over $380 million, with total liquidity exceeding $530 million. The divestiture allows the company to reallocate approximately $50 million in capital and management resources towards higher-value opportunities [2]. Production and Cost Guidance Update - The company has updated its 2025 gold equivalent production guidance to a range of 309,000 to 339,000 ounces, reflecting an 18% reduction at the midpoint from the previous range of 380,000 to 422,000 ounces. The all-in sustaining cost (AISC) guidance has been revised to $1,670 to $1,765 per gold equivalent ounce, indicating a 6% increase over the midpoint of the original guidance [5][6]. Mine-Specific Guidance - The updated production and AISC guidance by mine for 2025 includes: - Caylloma, Peru: 3,670 – 4,080 ounces, AISC unchanged at $21.7 - $24.7 - Séguéla, Côte d'Ivoire: 134 - 147 ounces, AISC unchanged at $1,500 - $1,600 - Lindero, Argentina: 93 - 105 ounces, AISC updated to $1,600 - $1,720 - Yaramoko, Burkina Faso: Updated to 38 ounces, AISC updated to $1,410 [6][7]. Operational Changes - The company has ceased all operations in Burkina Faso as part of its strategic realignment [4].

Core Insights - Starcore International Mines Ltd. announced production results for the fourth fiscal quarter ended April 2025 at its San Martin Mine in Queretaro, Mexico [1] - The company successfully commissioned a new processing circuit for carbonaceous ore treatment, achieving a milestone in its operations [2] Production Results - In Q4 2025, Starcore milled 53,398 tonnes of ore, a 14% increase from Q3 2025 [4] - Gold equivalent ounces produced were 2,342, reflecting a 3% increase from the previous quarter [4] - The gold grade was 1.57 g/t, a 10% decrease from Q3 2025, while the silver grade increased by 42% to 15.77 g/t [4] - Gold recovery was 81.72%, a slight decrease of 1% from the previous quarter, while silver recovery improved by 15% to 56.63% [4] Operational Developments - The mine has ramped up to produce 140 tonnes per day of carbonaceous ore, with a contractor engaged for additional works [2] - Exploration and development continue in a new area of the mine, focusing on the depths of the San José mine [3] - The successful implementation of the new carbonaceous ore process is expected to extend the mine's life and enhance exploration potential [4] Company Overview - Starcore is engaged in precious metals production, primarily in Mexico, with additional exploration and development projects across North America and Côte d'Ivoire [5] - The company emphasizes corporate social responsibility and aims to increase long-term shareholder value [5]

Core Viewpoint - Sandstorm Gold Ltd. is addressing voting recommendations from Institutional Shareholder Services Inc. (ISS) that miscalculated parameters related to proposed amendments to the Company's share-based compensation program, aiming to clarify and ensure accurate interpretation of these changes [1][2]. Summary by Sections Shareholder Proposals - ISS has recommended voting against three management proposals concerning the Company's Stock Option Plan and Restricted Share Plan, which were intended to align executive compensation with shareholder interests [2]. - The Company believes ISS's recommendations stem from a semantic misinterpretation of the proposed maximum limit of shares under the Share Plans [2]. Clarifying Amendments - The Clarifying Amendments state that, effective January 1, 2025, the total number of common shares issuable under the Share Plans will not exceed 6.0% of the total issued and outstanding shares [3]. - The previous proposal included a declining rate from 6.0% in 2025 to 5.5% in 2026 and 5.0% in 2027, which was misinterpreted as a cumulative limit rather than a non-cumulative declining rate [3]. Approval and Recommendations - The Toronto Stock Exchange and the Company's Board of Directors have conditionally approved the Clarifying Amendments, which are considered housekeeping in nature, thus not requiring shareholder approval at the upcoming Meeting [4]. - The Company advises shareholders to refer to the revised Share Plans filed on SEDAR+ for all matters related to the Share Plans and to disregard the versions in the Information Circular [4]. Additional Information - Shareholders can access the Information Circular and amended Share Plans through SEDAR+ or by contacting Investor Relations [5]. - Sandstorm Gold Royalties is a precious metals-focused royalty company with a portfolio of approximately 230 royalties, aiming to grow its low-cost production profile through additional acquisitions [7].

Core Points - Wheaton Precious Metals Corp. held its 2025 Annual and Special Meeting of Shareholders where nominees for the Board of Directors were elected [1][3] - The company announced the passing of long-serving director Peter Gillin, who will be remembered for his contributions [2] - Shareholders approved a non-binding advisory resolution on executive compensation with 94.94% votes in favor [3] Board of Directors Election Results - George L. Brack received 320,198,848 votes (97.83% for) with 7,090,095 votes withheld (2.17% withheld) [3] - Jaimie Donovan received 323,374,043 votes (98.80% for) with 3,914,900 votes withheld (1.20% withheld) [3] - Chantal Gosselin received 312,988,404 votes (95.63% for) with 14,300,539 votes withheld (4.37% withheld) [3] - Jeane Hull received 322,832,980 votes (98.64% for) with 4,455,963 votes withheld (1.36% withheld) [3] - Glenn Ives received 326,462,793 votes (99.75% for) with 826,150 votes withheld (0.25% withheld) [3] - Charles A. Jeannes received 321,612,216 votes (98.27% for) with 5,676,727 votes withheld (1.73% withheld) [3] - Marilyn Schonberner received 324,225,349 votes (99.06% for) with 3,063,594 votes withheld (0.94% withheld) [3] - Randy V.J. Smallwood received 326,818,313 votes (99.86% for) with 470,630 votes withheld (0.14% withheld) [3] - Srinivasan Venkatakrishnan received 324,453,056 votes (99.13% for) with 2,835,887 votes withheld (0.87% withheld) [3]

First Quarter 2025 Results May 8, 2025 Cautionary Statements Today's Speakers Bill Heissenbuttel President and CEO Paul Libner SVP and CFO Martin Raffield SVP, Operations Forward-Looking Statements: This presentation and the accompanying webcast include "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results m ...

MONTREAL, May 08, 2025 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) announces that it has completed its name change to “OR Royalties Inc.” and “Redevances OR Inc.” in French following receipt of shareholder approval at the annual and special meeting of shareholders held earlier today. The Corporation’s common shares will commence trading under the new name on the New York Stock Exchange and the Toronto Stock Exchange at the start of trading on May 13, 2025. ...

Financial Data and Key Metrics Changes - The company reported record earnings of $113 million or $1.72 per share for Q1 2025, with adjusted earnings of $100 million or $1.51 per share after accounting for discrete tax items [5][6][25] - Revenue increased by 30% year-over-year to $193 million, driven by a 38% increase in gold prices, 37% in silver, and 11% in copper [21][22] - The adjusted EBITDA margin was 82% for the quarter, maintaining high margins due to low and stable general and administrative expenses [6][21] Business Line Data and Key Metrics Changes - Royalty revenue rose by approximately 53% year-over-year to $71 million, contributing about 37% of total revenue, while Stream segment revenue increased by 19% to $122 million [10][11] - The volume of gold equivalent ounces (GEOs) sold was 67,600, with strong contributions from assets like Penasquito, Mancho, and Robinson [10][11] Market Data and Key Metrics Changes - Over 53% of revenue was generated from the U.S., Canada, and Australia, indicating a consistent geographic weighting [6] - The company maintained its 2025 guidance ranges for metal sales, depreciation, depletion, and amortization (DD&A), and tax rate despite market volatility [28] Company Strategy and Development Direction - The company is focused on maintaining a diversified portfolio and leveraging strong gold prices to deliver solid results, with a commitment to increasing dividends [7][28] - Recent investments include an additional agreement with Arrow Copper to acquire an incremental stream interest in Sabentina, reflecting a strategy to enhance exposure to high-grade resources [7][8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain economic conditions and elevated market volatility but expressed confidence in the company's stability due to its strong balance sheet and diversified portfolio [28] - The company expects a stronger second half of 2025, with potential for increased production and revenue from key assets [60][62] Other Important Information - The company paid its first dividend of 2025 at a new quarterly rate of $0.45 per share, marking a 12.5% increase over 2024 [7] - The company remains debt-free with total liquidity of approximately $1.25 billion, including a fully undrawn revolving credit facility [26] Q&A Session Summary Question: Insights on the asset handbook and long-term guidance - Management clarified that the asset handbook provides operators' multiyear production outlooks, which can help investors build their growth profiles, although long-term guidance is not provided [33][34] Question: Opportunities in corporate development - Management indicated that existing asset opportunities are prioritized due to established relationships, but new opportunities are also being explored in a busy market [40][46] Question: Clarification on tax items - Management confirmed that the discrete tax items were one-time benefits and reiterated the effective tax rate guidance for the year [48][54] Question: Expectations for production in the second half of the year - Management confirmed expectations for a stronger second half, with potential for increased production from key assets [60][62] Question: Updates on silver recovery and deferrals - Management provided updates on silver recovery efforts at Pueblo Viejo and indicated that deferred silver production may take time to materialize [70][75] Question: M&A opportunities and market shifts - Management acknowledged a shift in the market with larger opportunities emerging, while still focusing on the typical range of $100 to $300 million for asset transactions [80][82]

Financial Data and Key Metrics Changes - Pan American Silver reported record mine operating earnings of $250.8 million for Q1 2025, continuing the upward trend from 2024 [5] - Revenue for Q1 was $773 million, with net earnings totaling $169 million or $0.47 per share, and adjusted earnings of $153 million or $0.42 per share [7] - Operating cash flow before non-cash working capital changes was $240 million, with free cash flow for the quarter at $112.6 million [8] Business Line Data and Key Metrics Changes - Silver production in Q1 was just over 5 million ounces, slightly above guidance, with all-in sustaining costs at $13.94 per ounce, well below the guided range [6] - Gold production was 182,200 ounces, in line with guidance, and all-in sustaining costs for the gold segment were $14.85 per ounce, better than expected [7] Market Data and Key Metrics Changes - The company benefited from higher byproduct credits due to increased gold production at Cerro Moro and higher zinc and lead production across polymetallic operations [6] - The favorable precious metal prices are expected to generate strong profit margins throughout 2025 [11] Company Strategy and Development Direction - The La Colorada Skarn project is the largest organic growth opportunity, with ongoing engineering work and exploration [9] - The company is also investing in the La Colorada vein mine operations to explore extensions to the mineral resource [10] - Discussions with the Guatemalan government regarding the Escobal project are ongoing, with no set date for the completion of the consultation process [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining production guidance for 2025, with expectations for higher production in the latter half of the year [11] - The company is optimistic about the potential for strong profit margins due to favorable metal prices [11] Other Important Information - Cash and short-term investments increased to a record $923 million, with total available liquidity of approximately $1.7 billion [8] - The company plans to release its 2024 sustainability report, emphasizing its commitment to ESG performance [67] Q&A Session Summary Question: Cost performance and future guidance - Management acknowledged strong cost performance but indicated that adjustments to guidance are not typically made after one quarter [15][17] - Future costs may see an uptick in Q2 but are expected to decrease in the second half as production increases [18] Question: Drivers of gold and silver sales - The increase in gold and silver sold was attributed to strong Q4 production and timing of shipments [20][21] Question: Issues at Minera Florida - Management noted challenges due to mine sequencing, lower grades, and absenteeism, with expectations to recover production in Q3 and Q4 [22][24] Question: Geotechnical challenges at Bell Creek - Management confirmed ongoing geotechnical challenges at Bell Creek, particularly related to seismicity [30][32] Question: Progress on Escobal project discussions - Management reported slow but positive progress in discussions with the Guatemalan government regarding the Escobal project [36][37] Question: Capital allocation priorities - Management indicated a focus on shareholder returns, including dividends and share buybacks, while also investing in growth projects like the Skarn development [55][58]

Financial Data and Key Metrics Changes - Pan American Silver reported record mine operating earnings of $250.8 million in Q1 2025, continuing the upward trend from 2024 [3] - Revenue for Q1 was $773 million, with net earnings totaling $169 million or $0.47 per share, and adjusted earnings of $153 million or $0.42 per share [5] - Operating cash flow before non-cash working capital changes was $240 million, with free cash flow for the quarter at $112.6 million [6] Business Line Data and Key Metrics Changes - Silver production in Q1 reached over 5 million ounces, slightly above guidance, with all-in sustaining costs at $13.94 per ounce, well below the guided range [4] - Gold production was 182,200 ounces, in line with guidance, and gold segment all-in sustaining costs were $14.85 per ounce, better than expected [5] Market Data and Key Metrics Changes - The company benefited from higher byproduct credits due to increased gold production at Cerro Moro and higher zinc and lead production across polymetallic operations [5] - The favorable precious metal prices are expected to generate strong profit margins throughout 2025 [10] Company Strategy and Development Direction - The La Colorada Skarn project is identified as the largest organic growth opportunity, with ongoing engineering work and exploration [7] - The company aims to retain maximum exposure to silver in its deposits while exploring extensions to mineral resources in existing operations [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining production guidance for 2025, with expectations for higher production in subsequent quarters [10] - The company is optimistic about the favorable operating environment, driven by strong metal prices and effective cost management [10] Other Important Information - The company has approximately $1.7 billion in total available liquidity, providing capacity to pursue growth objectives [6] - Discussions with the Guatemalan government regarding the Escobal project are ongoing, with no set timeline for completion [9] Q&A Session Summary Question: Cost performance and future adjustments - Management acknowledged strong cost performance but indicated that adjustments to guidance are not typically made after one quarter [14][16] Question: Drivers of gold and silver sales - The increase in sales was attributed to strong Q4 production, with significant inventory sold in January [20][21] Question: Issues at Minera Florida - Management noted challenges due to mine sequencing, lower grades, and absenteeism, with expectations to recover production in Q3 and Q4 [22][23] Question: Geotechnical challenges at Bell Creek - Management confirmed ongoing seismicity issues at Bell Creek, which have impacted production plans [29][32] Question: Progress on Escobal project discussions - Management reported slow but positive progress in discussions with the Guatemalan government, focusing on environmental concerns [35] Question: Capital allocation priorities - Management emphasized a balanced approach to capital allocation, including shareholder returns and investment in growth projects [50][56]