Corporate Presentation ASX:BCN 22 August 2025 For personal use only ASX:BCN For personal use only Corporate Snapshot | 1 Capital Structure | | | | | --- | --- | --- | --- | | ASX Code | | BCN | | | 1 Share Price | | $2.16 | | | Shares on Issue | | 105.7 M | | | Listed Options on | Issue (Ex . $ 1 .20 Ex . 5 Nov 2029 ) | 13.3 M | | | 1 Market Cap (AUD) | | $ 229.2 M | | | ¹ On the 21 August 2025 | | | | | 2 Financial | | | | | Cash on Hand (AUD) | 2 | $14.38 M | | | Gold Bullion Perth | 2 Mint | 2,744 ozs | ...

Core Viewpoint - Minnova Corp. has engaged A&B Global Mining to advance the PL Gold Mine restart plan, which includes an updated feasibility study and mineral resource estimate scheduled for completion in 2026 [2][3][4]. Group 1: Strategic Engagement - The partnership with A&B Global Mining is a pivotal milestone in Minnova's strategy to de-risk the PL Gold Mine and enhance its value in the robust gold market [3][4]. - A&B Global Mining will lead a structured, two-stage technical program to optimize the mine plan and maximize the project's overall value [3][7]. Group 2: Project Details - The PL Gold Mine is an advanced-stage development project with significant existing infrastructure, including a processing plant with a capacity of 1,000 tonnes per day and over 7,000 meters of underground ramp development [5][10]. - The planned technical programs will focus on a revised mine development plan prioritizing lower-cost open pit mining methods in the initial years of operation [6][7]. Group 3: Work Programs and Deliverables - Key development activities for 2025 and 2026 include diamond drilling to expand resources, an updated mineral resource estimate, and a comprehensive feasibility study [7][9]. - The two-stage approach will first establish foundational data and models, followed by a full feasibility study to Class 3 engineering standards [8][9]. Group 4: Company Background - Minnova Corp. aims to restart the PL Gold Mine, having completed a positive feasibility study in 2018 based on a gold price of US$1,250 per ounce, indicating an average annual production rate of 46,493 ounces over a minimum 5-year mine life [10]. - The project benefits from a short pre-production timeline forecast at 15 months and a valid underground mining permit [10].

Core Viewpoint - Goldgroup Mining Inc. has announced a non-brokered private placement of up to 5,000,000 units at a price of $0.80 per unit, aiming to raise up to $4,000,000 for strategic growth and acquisition opportunities in the mining sector [1][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one-half common share purchase warrant, with each full warrant exercisable at $1.10 for 24 months [1]. - The company intends to pay finders' fees to eligible finders, subject to TSX Venture Exchange approval, and all securities will be subject to a statutory hold period of four months and one day post-closing [2]. Group 2: Strategic Growth Plans - Goldgroup is focusing on organic growth through optimization at its Cerro Prieto mine and targeted acquisitions in the mining sector [3]. - The net proceeds from the private placement will primarily be used for assessing and pursuing acquisition opportunities, with a focus on enhancing shareholder value [3]. - The company has been conducting due diligence on potential mineral projects but has not yet completed any acquisition transactions [3].

Summary of Gold Royalty Corporation Conference Call Company Overview - **Company Name**: Gold Royalty Corporation (GROY) - **Trading Symbol**: GROY on NYSE American - **Founded**: Five years ago, went public in March 2021 - **Initial Capital Raised**: USD 90 million at IPO with a share price of $5 [4][3] - **Current Portfolio**: Approximately 250 royalties, with 7 cash-flowing and 14 in various stages of development [5][6] Key Financial Highlights - **Revenue Growth**: Projected gold equivalent ounce growth of 360% over the next five years [5][6] - **Free Cash Flow**: First year of positive free cash flow in history; expected to grow significantly [6][38] - **G&A Costs**: Reduced to $7-8 million per annum, down from $10 million due to synergies from acquisitions [25][26] - **Projected Revenue**: Anticipated revenue of nearly $90 million by the end of the decade at current gold prices [25][24] Growth Strategy - **Acquisitions**: Successfully executed a roll-up strategy, acquiring three companies and significantly diversifying the royalty portfolio [5][17] - **Organic Growth**: Generated over 70 royalties for free through staking exploration claims [19][21] - **Production Increase**: Expected increase from 6,000 to nearly 30,000 gold equivalent ounces by 2029 [22][23] Market Position and Competitive Advantage - **Royalty Model**: Provides capital to mine operators and receives a percentage of gross revenue, insulated from operating costs and inflation [8][10] - **Diversification**: Portfolio includes royalties from three of the five largest gold mines in North America [22][29] - **Management Experience**: Management team has extensive industry experience, enhancing risk evaluation and opportunity identification [15][16] Industry Context - **Gold Price Dynamics**: Historical increase in gold prices; expected to continue due to global debt levels and inflationary pressures [49][52] - **Market Consolidation**: Anticipated further consolidation in the royalty sector, creating opportunities for mid-tier players [30][31] Future Outlook - **Debt Management**: Expected to be debt-free by 2026 due to free cash flow generation and convertible debenture conversion [41][42] - **Shareholder Returns**: Plans to return capital to shareholders through buybacks or dividends once financial position stabilizes [54][55] - **Production and Cost Structure**: Focus on large-scale operations with economies of scale, mitigating cost inflation risks [56][57] Additional Insights - **Jurisdictional Focus**: Over 80% of the portfolio is in top-rated jurisdictions (Nevada, Quebec, Ontario) with low political and regulatory risks [33][34] - **Long-term Viability**: The royalty model allows for perpetual ownership of royalties, providing long-term cash flow potential [11][12] This summary encapsulates the key points discussed during the Gold Royalty Corporation conference call, highlighting the company's strategic direction, financial performance, and market positioning.

Summary of Vista Gold (VGZ) Conference Call - August 21, 2025 Company Overview - **Company**: Vista Gold Corp - **Ticker Symbols**: VGZ (NYSE American), VGZ (TSX) - **Project**: Mt Todd Gold Project located in Northern Territory, Australia Key Points and Arguments 1. **Development Strategy Shift**: The company announced a feasibility study indicating a shift from a large-scale operation of 50,000 tons per day to a smaller scale of 15,000 tons per day, resulting in a 59% reduction in initial capital costs [4][11][32] 2. **Increased Average Grade**: The average grade of the deposit increased from 0.77 grams per ton to 1.04 grams per ton due to prioritizing grade over tons [6][11] 3. **Production Estimates**: Average production is projected at 153,000 ounces of gold per year over the first fifteen years, with a total resource of 10.6 million ounces and proven and probable reserves of 5.2 million ounces [7][13] 4. **Economic Metrics**: - Initial capital investment estimated at $425 million - Net present value (NPV) at a gold price of $2,500 is $1.1 billion, with an internal rate of return (IRR) of 27.8% - At a gold price of $3,300, NPV increases to $2.2 billion and IRR to nearly 45% [7][11] 5. **All-in Sustaining Costs**: Estimated at just under $14.50 per ounce, positioning the project competitively among Australian peers [8][24] 6. **Project Life Extension**: The life of the mine has increased from 16 years to 30 years due to the smaller scale design [6] 7. **Workforce Strategy**: The project will utilize a fly-in, fly-out workforce, with 90% of the workforce expected to be sourced this way in the early years [5][10] 8. **Permitting Timeline**: The company expects to complete necessary modifications to authorizations for the smaller operation within 12 to 18 months [21] 9. **Cash Position**: As of the second quarter, the company had $13.2 million in cash, with a burn rate of approximately $1.5 to $1.7 million per quarter, providing nearly two years of runway [40] 10. **Potential for Expansion**: The project design allows for future expansion, with options to increase throughput based on market conditions [12][43] Additional Important Information - **Consultants and Engineering**: The project has engaged Australian-based consultants with significant experience in similar projects, enhancing the credibility of cost estimates and project execution [17][18] - **Market Positioning**: The company aims to attract attention from potential joint venture partners and investors, with several confidentiality agreements already signed [34][44] - **Investment Opportunity**: The company believes there is a significant opportunity for a rerating in value, with potential increases in market cap based on successful project execution and favorable gold prices [30][31] - **Water Rights**: The company has secured water rights through a freshwater storage reservoir, essential for project operations [39] This summary encapsulates the critical insights and developments discussed during the conference call, highlighting the strategic direction and financial outlook of Vista Gold Corp.

Core Viewpoint - Viva Gold Corp has filed a Preliminary Economic Assessment (PEA) report for the Tonopah Gold Project, indicating its potential viability for development as an economic open pit gold mine [1][2]. Project Overview - The Tonopah Gold Project is located approximately 20 minutes from Tonopah, Nevada, and the PEA was prepared by WSP Canada Inc. and Kappes, Cassiday Associates [1][2]. - The project is designed to operate at a rate of 45,000 tonnes per day over a seven-year mine life, producing approximately 75,000 ounces of gold annually for the first two years, with an average of 50,000 ounces per year in years three to seven [3]. Economic Results - The after-tax net present value (NPV) at a 5% discount rate is estimated at $111.6 million at a gold price of $2,400 per ounce, increasing to $363.6 million at $3,200 per ounce [4]. - The after-tax internal rate of return (IRR) is projected at 17.6% at $2,400 per ounce, rising to 43.4% at $3,200 per ounce [4]. - The after-tax payback period is estimated at 3.6 years at $2,400 per ounce, decreasing to 1.8 years at $3,200 per ounce [4]. Cost Structure - Average production cash costs are projected at $1,164 per ounce of gold, with an all-in sustaining cost (AISC) of $1,269 per ounce [4]. - Pre-production capital expenditure is estimated at $219.9 million, with $22.2 million in working capital and additional sustaining capital of $70.4 million [4]. Future Work Program - The future work program recommended by WSP and KCA includes further refinement and optimization of the final mine and process plan, with a focus on improving capital and operating costs [2][4]. Management and Company Background - Viva Gold is led by CEO James Hesketh, who has extensive experience in the mining industry, having developed and constructed eight other mines globally [7][8]. - The company is advancing the Tonopah Gold Project with the support of institutional shareholders and is committed to environmentally and socially responsible development [9][8].

BEVERLY HILLS, Calif., Aug. 21, 2025 /PRNewswire/ -- Buscar Company (OTC: CGLD), a diversified holding company focused on natural resources, sustainable technologies, and pharmaceuticals, today announced a significant milestone in its path to becoming a fully reporting company with the U.S. Securities and Exchange Commission (SEC) and uplisting to the OTCQX Market, the premier tier of OTC Markets. The company has successfully filed its fiscal year financial statements for the period ended June 30, 2025, on ...

Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About ...

Fortuna Mining (NYSE: FSM ) has gone through significant changes over time, shifting from a predominantly-silver miner to a company that now barely has any silver production and is predominantly mining gold, expecting to produce 309,000As of 2025, I've got over 10 years of researching companies. In total, throughout my investing life, I estimate that I researched (in depth) well over 1000 companies, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market ...

Key Takeaways Newmont Corporation (NEM) continues to take steps to improve its leverage profile. It retired $372 million of debt during the second quarter. NEM ended the second quarter with net debt of $1,422 million, down from $3,221 million at the end of the prior quarter. Notably, Newmont has reduced debt by $1.4 billion since the beginning of 2025. The deleveraging was backed by strong free cash flow generation. NEM's free cash flow surged nearly threefold year over year and 42% from the prior quarter t ...