Operations - Gold production reached 115,190 ounces, benefiting from higher output at the Lamaque Complex, while production at Olympias faced challenges [5] - Gold sales totaled 116,529 ounces at an average realized price of $3,527 per ounce [5] - The company is tightening its 2025 annual gold production guidance to between 470,000 to 490,000 ounces [5] Financial Performance - Revenue for Q3 2025 was $434.7 million, up from $331.8 million in Q3 2024 [30][33] - Net earnings attributable to shareholders from continuing operations were $56.5 million, or $0.28 per share, compared to $101.1 million, or $0.49 per share in Q3 2024 [38] - Adjusted net earnings were $82.3 million, or $0.41 per share, an increase from $71.0 million, or $0.35 per share in Q3 2024 [39] Production Costs - Production costs increased to $164.1 million in Q3 2025 from $141.2 million in Q3 2024, driven by higher royalties and labor costs [34] - Total cash costs averaged $1,195 per ounce sold, up from $953 in Q3 2024 [36] - All-in sustaining costs (AISC) averaged $1,679 per ounce sold, an increase from $1,335 in Q3 2024 [37] Capital Expenditures - Total capital expenditures for Q3 2025 were $255.6 million, including $137.7 million for project capital at Skouries [5] - Sustaining capital expenditures were $38.3 million in Q3 2025, compared to $33.3 million in Q3 2024 [42] - Growth capital investment totaled $57.7 million, primarily related to Kisladag and Lamaque [5] Skouries Project Update - The Skouries Project achieved a significant milestone with the first underground test stope blast [7] - Project capital for 2025 has been revised upward to $440 to $470 million, reflecting accelerated work [15] - First concentrate production is expected toward the end of Q1 2026, with commercial production anticipated in mid-2026 [13] Shareholder Returns - The company repurchased approximately $78.8 million worth of common shares during the quarter [11] - The ongoing share buybacks reflect a disciplined approach to capital allocation and confidence in long-term growth [8] Board Changes - Samantha Espley has been appointed to the Board of Directors, while John Webster will resign effective November 1, 2025 [9]

VANCOUVER, BC / ACCESS Newswire / October 30, 2025 / Goldcliff Resource Corporation ("Goldcliff" or the "Company") (TSXV:GCN)(OTC PINK:GCFFF) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement ("Private Placement") of 1,900,000 flow-through shares (each, a "FT Share") for gross proceeds of $133,000. The securities issued under the Private Placement were offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of Nat ...

Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - Headwater Gold Inc (CSE: HWG) (OTCQB: HWAUF) announced today that it will be participating in the 51st Annual New Orleans Investment Conference at the Hilton New Orleans Riverside November 2 - 5, 2025.The New Orleans Investment Conference gathers some of the world's brightest and most successful analysts, newsletter writers and investors. This year's event will highlight all major asset classes, including Precious Metals.About Headwater Gol ...

Perth, Western Australia--(Newsfile Corp. - October 30, 2025) - The Board of Besra Gold Inc (ASX: BEZ) (Besra or the Company) and its wholly owned subsidiary, North Borneo Gold Sdn Bhd (NBG), are pleased to provide this Activities Report for the Quarter ended 30 September 2025 (September 2025 Quarter), which accompanies the September 2025 Quarter Cash Flow Report.You are invited to click the link below to read this announcement in full. https://www.besra.com/30-10-2025-quarterly-activities-appendix-5b-cash ...

Financial Data and Key Metrics Changes - The company reported record financial results, with revenue of $3.1 billion, adjusted earnings of $1.1 billion ($2.16 per share), and adjusted EBITDA of $2.1 billion, all driven by record gold prices and strong operational performance [10][11][12] - Year-to-date average cash costs were $943 per ounce, with a projected full-year cash cost guidance range of $9.65 per ounce [5][12] - The net cash position increased to $2.2 billion after repaying $400 million of debt and returning $350 million to shareholders through dividends and share repurchases [6][15] Business Line Data and Key Metrics Changes - Gold production for Q3 was approximately 867,000 ounces, achieving 77% of the full-year production guidance [4][11] - Cash costs for Q3 were reported at $994 per ounce, influenced by higher royalty costs due to increased gold prices [4][11] - All-in sustaining costs were reported at $1,373 per ounce, with expectations to remain close to the top end of the guidance range for the full year [12][13] Market Data and Key Metrics Changes - The average selling price of gold was $3,476 per ounce, which is $20 per ounce higher than the spot average for the quarter [4] - The company is benefiting from record gold prices, which have led to increased royalty expenses [11][12] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet while investing in a robust pipeline of projects and an ambitious exploration program [2][6] - Key projects include Canadian Malartic, Detour, Upper Beaver, Hope Bay, and San Nicolas, which are expected to generate significant production and returns [7][17] - The company aims to improve productivity and operational efficiency through technology integration and workforce engagement [19][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for gold, citing ongoing factors that support gold's performance [47][48] - The company is committed to disciplined capital allocation and exploring opportunities for value creation through M&A, while maintaining a focus on gold [48][49] Other Important Information - The company received a credit rating upgrade from Moody's from Baa1 to A3 with a stable outlook [15] - The company is actively addressing labor shortages through workforce planning and training initiatives [31][32] Q&A Session Summary Question: Can you talk about the non-core investments in critical minerals? - The company is establishing a subsidiary for critical minerals, which will include investments like Canada Nickel, focusing on knowledge-based opportunities while remaining primarily a gold company [51][52][53] Question: How are government relations with the new federal government in Canada? - The company has had positive interactions with the new government, noting increased engagement and discussions about the mining sector's contributions to Canada [54][55][56] Question: What are the expectations for Hope Bay's resource update by year-end? - The company expects to deliver a PEA study in the first half of next year and will update indicated and inferred resources by year-end [61][62] Question: What are the inflation expectations going into next year? - The company anticipates cost inflation around 6%-7% across various components, with higher costs expected due to increased royalty expenses [63][64][65] Question: Can you review the rigs operating across the company? - The company has 120 rigs operating across various sites, with expectations to reach 1.25 million to 1.3 million meters drilled by year-end [70][72] Question: What is the reserve and resource replacement outlook for year-end 2025? - The company expects to see net growth in reserves and resources, particularly at East Goldie, Detour, and Hope Bay, despite mining depletion [77][78]

Financial Data and Key Metrics Changes - The company reported record financial results driven by record gold prices, achieving revenue of $3.1 billion, adjusted earnings of $1.1 billion ($2.16 per share), and adjusted EBITDA of $2.1 billion [10][12][15] - Gold production for Q3 was approximately 867,000 ounces, with cash costs reported at $994 per ounce, which is higher than the previous quarter primarily due to increased royalty costs [4][11] - Year-to-date average cash costs are $943 per ounce, and if excluding the impact of higher royalties, the average would be $909 per ounce, well below the guidance range [5][12] Business Line Data and Key Metrics Changes - The company achieved strong production performance across its operations, with specific mentions of record production at Meadowbank, Meliadine, and Goldex [18] - The Detour project is progressing well, with the ramp portal built and optimization of the mill ongoing [6][29] - The exploration program is robust, with over 370,000 meters drilled in Q3, exceeding the year-to-date target by 9% [37] Market Data and Key Metrics Changes - The average selling price of gold was $3,476 per ounce, which is $20 higher than the spot average for the quarter [4] - The company is benefiting from a favorable gold price environment, which has led to increased royalty expenses but also significant revenue growth [11][12] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet, having repaid $400 million of debt and returned $350 million to shareholders through dividends and share repurchases [6][15] - There is a continued emphasis on productivity improvements and cost control, with investments in technology and workforce training to enhance operational efficiency [19][31] - The company is strategically positioned for growth with a strong project pipeline, including key projects like Detour, Upper Beaver, and Hope Bay, which are expected to generate solid returns [16][26][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for gold, citing ongoing factors that support gold's performance [47] - The company is actively engaging with the new Canadian government, noting improved access and discussions regarding the mining sector's contributions to the economy [55][56] - There is a focus on disciplined capital allocation and exploring opportunities for value creation through M&A, while maintaining a primary focus on gold [48][49] Other Important Information - The company generated $1.2 billion in free cash flow in Q3 and increased its net cash position to $2.2 billion [14][15] - The credit rating was upgraded from Baa1 to A3, reflecting the company's strong financial position [15] Q&A Session Summary Question: Can you talk about the non-core investments in critical minerals? - Management confirmed that Canada Nickel will be included in a new subsidiary focused on critical minerals, allowing for independent exploration of opportunities while maintaining a focus on gold [51][52] Question: How are government relations with the new federal government in Canada? - Management reported positive interactions with the new government, highlighting increased engagement and discussions on the mining sector's potential contributions [54][56] Question: What are the expectations for Hope Bay's resource update by year-end? - Management indicated that a PEA study is expected in the first half of next year, with updates on indicated and inferred resources to follow [60][61] Question: What inflation expectations are anticipated for next year? - Management expects inflation across costs to be around 6% to 7%, with ongoing efforts to manage costs effectively [62][63] Question: Can you review the rigs operating across the company? - Management confirmed 120 rigs are operational across various sites, with an increase in productivity allowing for more meters drilled without additional costs [67][69] Question: What is the status of reserve and resource replacement for year-end 2025? - Management anticipates a net growth in reserves despite mining depletion, with specific increases expected at East Goldie and resource growth at Detour and Hope Bay [75][76]

Financial Data and Key Metrics Changes - The company reported record financial results, with revenue of $3.1 billion, adjusted earnings of $1.1 billion ($2.16 per share), and adjusted EBITDA of $2.1 billion, all driven by record gold prices and strong operational performance [14][6][7] - Gold production for Q3 was approximately 867,000 ounces, achieving 77% of the full-year guidance, with cash costs reported at $994 per ounce, influenced by higher royalty costs due to increased gold prices [15][6][7] - The net cash position increased to $2.2 billion after repaying $400 million of debt and returning $350 million to shareholders through dividends and share repurchases [9][19] Business Line Data and Key Metrics Changes - The company achieved strong production across its operations, with notable performance at Canadian Malartic, Detour, and Upper Beaver, all of which are progressing ahead of schedule [10][11][36] - The all-in sustaining costs per ounce were reported at $1,373, with expectations to remain close to the top end of the guidance range for the year [16][19] Market Data and Key Metrics Changes - The average gold price for the quarter was $3,476 per ounce, which is $20 higher than the spot average, contributing to record margins for the company [6][7] - The company anticipates a significant cash tax payment of approximately $1.2 billion for the 2025 fiscal year, impacting cash allocation strategies [20] Company Strategy and Development Direction - The company is focused on maintaining a disciplined approach to capital allocation while investing heavily in five key pipeline projects that are expected to generate solid returns even at lower gold prices [20][21] - The strategic focus includes enhancing productivity and operational efficiency through technology integration and workforce training initiatives [23][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for gold prices, citing ongoing global factors that support gold's performance [54] - The company is actively exploring opportunities for mergers and acquisitions, particularly in the critical minerals sector, while maintaining its core focus on gold [56] Other Important Information - The company received a credit rating upgrade from Moody's from Baa1 to A3, reflecting its strengthened financial position [19] - The exploration program continues to yield exceptional results, with over 370,000 meters drilled in the quarter, exceeding year-to-date targets [44] Q&A Session Summary Question: Can you talk about the non-core investments in critical minerals? - The company confirmed that Canada Nickel will be included in a new subsidiary focused on critical minerals, allowing for more independent investment opportunities while maintaining a primary focus on gold [59][60] Question: How are government relations with the new federal government in Canada? - Management reported improved engagement with the new government, highlighting increased discussions on the importance of mining to Canada's economy [62][63] Question: What are the expectations for Hope Bay's resource update by year-end? - The company anticipates delivering a PEA study in the first half of next year and updating indicated and inferred resources by year-end [68][69] Question: What inflation expectations are anticipated for next year? - Management indicated that inflation across costs is expected to be around 6% to 7%, with ongoing efforts to manage costs effectively [70][71] Question: Can you review the rigs operating across the company? - The company operates 120 rigs across various sites, with expectations to increase drilling productivity and achieve a total of 1.25 to 1.3 million meters by year-end [76][78] Question: What is the outlook for reserve and resource replacement this year? - The company expects to see net growth in reserves and resources by year-end, despite mining depletion, with a focus on maintaining stable cutoff grades [83][84]

Core Viewpoint - CanadaBeauce Gold Fields is closing a non-brokered flow-through private placement to raise funds for exploration activities, specifically targeting gold and phosphate properties [1][3]. Group 1: Private Placement Details - The company is issuing 9,999,622 units at a price of $0.045 per unit, resulting in gross proceeds of $449,983 [1]. - Each unit consists of one common share and one common share purchase warrant, allowing the holder to purchase an additional common share at $0.12 for 24 months [1]. - A finder's fee of $40,048.30 will be paid to EMD Financial Inc., along with the issuance of 711,970 warrants to the same firm [2]. Group 2: Use of Proceeds - Proceeds from the private placement will primarily be allocated for exploration of gold and phosphate properties [3]. - The company stipulates that no more than 10% of the proceeds can be used for Investor Relations Activities, and none will be allocated to payments to non-arm's length parties [3]. Group 3: Company Overview - Beauce Gold Fields is focused on exploring the largest placer gold district in eastern North America, with the goal of tracing old placer gold workings back to their bedrock sources [4]. - The flagship property is the Saint-Simon-les-Mines gold project, historically significant as the site of Canada's first gold rush [4]. - The company is currently drilling antiform systems believed to contribute to extensive auriferous placer deposits in the Beauce region [4].

Financial Performance - The company achieved record financial results driven by strong operational performance[6,13] - Realized gold price increased to $3,476/oz in Q3 2025 from $2,492/oz in Q3 2024, and to $3,221/oz YTD in Q3 2025 from $2,297/oz YTD in Q3 2024[16] - Net income increased to $1,055 million in Q3 2025 from $567 million in Q3 2024, and to $2,938 million YTD in Q3 2025 from $1,386 million YTD in Q3 2024[16] - Adjusted EBITDA increased to $2,098 million in Q3 2025 from $1,257 million in Q3 2024, and to $5,602 million YTD in Q3 2025 from $3,362 million YTD in Q3 2024[16] - Free cash flow was approximately $1.2 billion in Q3 2025, with a cash position of approximately $2.4 billion and a net cash position of approximately $2.2 billion[23] Production and Costs - Gold production was 867 koz in Q3 2025 compared to 863 koz in Q3 2024, and 2,607 koz YTD in Q3 2025 compared to 2,638 koz YTD in Q3 2024[16] - Total cash costs were $994/oz in Q3 2025 compared to $921/oz in Q3 2024, and $943/oz YTD in Q3 2025 compared to $897/oz YTD in Q3 2024[16] - All-in sustaining costs (AISC) were $1,373/oz in Q3 2025 compared to $1,286/oz in Q3 2024, and $1,281/oz YTD in Q3 2025 compared to $1,214/oz YTD in Q3 2024[16] - The company is on track to achieve 2025 gold production guidance of 3.3 - 3.5 Moz, with total cash costs between $915 - $965/oz and AISC between $1,250 - $1,300/oz[11,12] Capital Allocation and Shareholder Returns - Total debt repayment of $400 million in Q3 2025[13] - Returned approximately $350 million directly to shareholders through dividends and the Normal Course Issuer Bid (NCIB) in Q3 2025[13]

Orosur Mining has announced that assays from three new holes at the Pepas prospect within the Anzá gold project in Colombia returned significant gold grades, with PEP066 showing 112m at 5.25 grams per tonne (g/t) of gold from the surface. The company holds full ownership of the exploration titles at the Anzá project, situated in the Mid-Cauca gold belt to the west of Medellin. These titles and applications are held by two Colombian entities, Minera Anzá and Minera Monte Aguila, both fully owned subsidiar ...