When markets resume trading today, Hindustan Zinc, Vedanta, Marico, Vodafone IdeaVodafone Idea narrowed its consolidated losses to Rs 5,286 crore in Q3FY26 versus Rs 6,609 crore in the year ago period. The telecom company's revenue from operations for the quarter stood at Rs 11,323 crore, up 2% over Rs 11,117 crore in the corresponding quarter of the last financial year.Live EventsVedanta / Hindustan Zinc on Tuesday approved the sale of up to 1.59% stake representing up to 6.7 crore equity shares in its su ...

Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement financing, raising a total of $1,966,780.20 across two tranches, with strong investor demand noted but no increase in financing to avoid dilution [2][3]. Financing Details - The second tranche involved the issuance of 1,963,760 non-flow-through units at a price of $0.17 per unit, generating gross proceeds of $333,839.20 [1][2]. - The NFT Units consist of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.40 for two years [2]. Regulatory Compliance - The Offering is subject to approval from the TSX Venture Exchange, and all securities issued are subject to a minimum hold period until May 10, 2026, in accordance with Canadian Securities laws [3]. Insider Participation - An existing insider purchased 87,875 NFT Units, classified as a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [4]. - Following the Offering, the insider, Harry Barr, controls approximately 38.46% of the company's outstanding common shares on a post-offering basis [7]. Project Development - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Project, one of the largest iron projects in North America, with approximately $120 million already invested in the project [10][11]. - The company is collaborating with the Naskapi First Nation and has engaged AtkinsRéalis for a comprehensive analysis of the historic feasibility study to align it with current market conditions and standards [11]. Future Plans - Initial work at the Superior Iron Project is planned for Winter/Spring 2026, focusing on geological surveys and environmental studies to refine exploration targets [12]. Additional Holdings - The company also holds approximately 1.8 million shares and 2.5 million warrants of Canadian Copper Inc., along with two NSR royalties in the Murray Brook deposit [13][14].

It is a strategy that, with gold prices hitting record highs, has particularly strong potential in Nevada. In the US state, many operations are looking to mine gold oxide mineralisation and process it locally, says Jowitt. They include i-80 Gold , which has several projects that will feed into an existing processing plant the company has acquired, and nearby Fortitude Gold, which, in preparation for the winding down of its active gold mine, Isabella Pearl, is developing an adjacent satellite deposit. The cr ...

Core Viewpoint - Pasinex Resources Limited has successfully completed the acquisition of full ownership of Horzum A.Ş., which operates the high-grade Pinargözü Mine in Türkiye, marking a significant milestone for the company as it prepares to advance its operational plans for 2026 [1][6]. Company Updates - The share transfer process for Horzum A.Ş. has been finalized, with all necessary Board resolutions executed and filings completed, resulting in Pasinex Arama holding 100% ownership of Horzum A.Ş. [1] - Following the completion of the share transfer, Horzum A.Ş. will reconstitute its Board of Directors and implement updated governance and operational directives [2]. Operational Progress - Recent activities at the Pinargözü site indicate ongoing operational progress, including the completion of a 10 by 20 metre material loading and sorting area, installation of safety barriers, and renovations to office facilities [3]. - Production at Pinargözü continues, with surface stockpiles of zinc sulphide material increasing to approximately 340 tonnes by late December [4]. Health and Safety - Health, safety, and training initiatives are prioritized, with no reported incidents at the site and ongoing training for mine personnel throughout December [5]. Management Commentary - The Executive Chairman of Pasinex highlighted the importance of completing the Horzum share transfer before year-end, positioning the company to advance its plans at Pinargözü, supported by ongoing site improvements and production [6]. Company Profile - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada, with its subsidiary Horzum A.Ş. operating the Pinargözü high-grade zinc mine in Türkiye [9]. - The company also holds a 100% interest in the Sarıkaya Group IV lead-zinc operating license in Kayseri Province, Türkiye, and a 51% interest in the Gunman Project in Nevada [10]. Management Team - Pasinex is led by a seasoned management team with extensive experience in mineral exploration and mine development, committed to exploring and extracting high-grade material while maintaining safety and environmental standards [11].

Core Viewpoint - Pasinex Resources Limited has secured 100% ownership of Horzum Arama ve Madencilik AŞ, enabling full control over the high-grade Pinargözü zinc mine in Türkiye, with plans to expand production and explore deeper mineralization [1][2][4]. Group 1: Ownership and Corporate Structure - Türkiye's General Directorate of Mining and Petroleum Affairs (MAPEG) has approved the transfer of shares in Horzum AS to Pasinex Arama, completing the ownership transition [1][2]. - Final corporate registration procedures for the ownership transfer are expected to be completed by December 31, 2025 [2]. Group 2: Development and Exploration Plans - A comprehensive development plan has been finalized to expand production capacity and access deeper high-grade mineralization at the Pinargözü mine [3]. - The upcoming program will focus on two primary exploration opportunities, targeting geological potential and continuity of high-grade zinc mineralization [3][8]. Group 3: Management Insights - The Executive Chairman of Pasinex emphasized that the MAPEG approval is a transformative milestone, allowing the company to unlock the mine's deeper potential [4]. - A new 1,000-metre adit will be developed to access identified high-grade sulphide zones and prospective marble-altered zones, enhancing discovery potential [4][7]. Group 4: Workforce and Infrastructure Development - Recruitment of additional technical staff and underground personnel has commenced to support increased mining activities [7]. - The 1,000-metre development project is set to begin in early January 2026, including a 700-metre decline to access lower levels and additional infrastructure for ventilation and drilling [7]. Group 5: Mineralization and Resource Expansion - Drilling has intersected high-grade zinc sulphide mineralization, including 1.5 metres of material with 43% zinc at the 425-metre level, indicating significant potential for resource expansion [8]. - Numerous secondary high-grade zinc veins have been identified, with plans for a dedicated drilling campaign to evaluate their continuity and expand the resource inventory [8]. Group 6: Company Overview - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada, with 100% ownership of Horzum AS, which operates the Pinargözü high-grade zinc mine [11]. - The company also holds a 100% interest in the Sarıkaya Group IV lead-zinc operating license and a 51% interest in the Gunman Project in Nevada, indicating further growth potential [12].

Core Viewpoint - IMPACT Silver Corp. reported significant financial improvements in Q3 2025, driven by higher silver prices and operational efficiencies, positioning the company for future growth [1][3]. Financial Performance - Revenue for Q3 2025 reached $10.7 million, a 24% increase from $8.6 million in Q3 2024 [1]. - Year-to-date mine operating income improved to $5.6 million from a loss of $0.8 million in 2024 [1]. - The net loss in Q3 2025 was reduced to $0.6 million compared to a net loss of $3.1 million in Q3 2024 [1]. Production and Operations - The Zacualpan mill processed 35,437 tonnes of mill feed in Q3 2025, up from 32,901 tonnes in Q3 2024 [4]. - Silver production from the Guadalupe complex increased by 5% to 150,394 ounces in Q3 2025, compared to 142,945 ounces in Q3 2024 [5]. - Revenue from the Zacualpan project was $8.7 million in Q3 2025, up from $6.1 million in Q3 2024, with an 8% increase in production year-over-year [7]. Cost and Efficiency - Revenue per tonne sold increased by 40% to $253.33 in Q3 2025 from $180.90 in Q3 2024, while direct costs per tonne rose by 23% to $180.69 [6]. - The company spent $1.3 million on exploration in Q3 2025, totaling $3.2 million year-to-date [7]. Future Outlook - The company is optimistic about capitalizing on record precious metal prices and ongoing investments in exploration as it heads into 2026 [10]. - Management aims to improve grades and production levels while maintaining cost discipline [10].

Core Insights - Pasinex Resources Limited reported financial results for the three and nine months ended September 30, 2025, showing a net income of $42,989 for the quarter but a net loss of $1,128,423 for the nine-month period, primarily due to an equity loss compared to an equity gain in the previous year [2][8] - The company has made significant progress in acquiring full ownership of key assets, including the Horzum zinc mine and the Sarıkaya project, which are expected to enhance its operational capacity and profitability [3][4][8] Financial Performance - For the three months ended September 30, 2025, the share of net equity loss from joint ventures was $(77,708), compared to a gain of $112,432 in 2024 [2] - The consolidated net income (loss) for the nine months ended September 30, 2025, was $(1,128,423), a significant increase in loss from $(256,655) in 2024, attributed to higher general and administrative costs and interest expenses [2] - Total assets increased to $4,053,376 as of September 30, 2025, from $3,557,225 in 2024, while total liabilities decreased to $3,869,640 from $4,900,852 [2] Recent Developments - On September 11, 2025, Pasinex signed a Share Transfer and Settlement Agreement with Kurmel Holding to acquire 100% ownership of Horzum A.Ş., which includes the Pinargözü zinc mine [3][4] - The company also completed a private placement of common shares, raising gross proceeds of C$2,331,540, increasing the total shares outstanding to 204,813,876 [7] - The company announced a change in its financial year-end from December 31 to March 31 to align better with industry peers [6] Strategic Outlook - Pasinex is focused on developing high-grade zinc deposits in Türkiye and Nevada, with zinc grades ranging from 25% to 50%, which are economically equivalent to copper grades of approximately 9% to 15% [10][11] - The company aims to achieve cash flow positivity within the next two years, supported by a detailed development and exploration plan for its mines [8] - The Sarıkaya license is highlighted as a significant opportunity for direct shipping ore and potential major zinc discoveries [12]

Core Viewpoint - Pasinex Resources Limited has received approval from Türkiye's General Directorate of Mining and Petroleum Affairs for the transfer of shares in Aydın Teknik Madencilik, resulting in 100% ownership of the Sarikaya zinc project, which is set to advance into exploration and development phases [1][2][3] Project Overview - The Sarikaya project is a high-grade, carbonate-hosted zinc deposit located in Kayseri Province, Türkiye, featuring mineralization typical of the Central Anatolian zinc belt, with grades between 30% and 50% zinc [3] - The project benefits from excellent infrastructure, including paved road access and proximity to established mining services, and is strategically located near Pasinex's producing Pinargözü mine [3] Near-Term Development Plan - The company plans to implement initial exploration and mine development activities at Sarikaya through March 31, 2026, focusing on organization building and technical work while adhering to safety and environmental standards [2][5] - Key initiatives include detailed mapping, underground development, and the start of exploration drilling, with the goal of initiating operations during 2026 [5][6] Management Commentary - The Executive Chairman of Pasinex highlighted the MAPEG approval as a significant milestone, emphasizing the company's commitment to advancing the Sarikaya project and preparing for underground drilling in early 2026 [6][7] - The company aims to begin small-scale production by mid-2026 while intensifying exploration efforts to further define the deposit [7] Company Background - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada, with full ownership of the Pinargözü high-grade zinc mine in Türkiye and a 51% interest in the Gunman Project in Nevada [10][11] - The company is led by a seasoned management team with extensive experience in mineral exploration and mine development, focusing on high-grade ore extraction and value creation for stakeholders [12]

Core Viewpoint - Anglo American plc and Teck Resources Limited are proposing a merger of equals to create "Anglo Teck," aimed at becoming a leading global critical minerals champion and a top-five global copper producer by 2027 [1] Group 1: Merger Details - The merger will result in Anglo Teck having over 70% exposure to copper, with projected annual copper production of approximately 1.2 million tonnes and premium iron ore production of 61 million tonnes by 2024 [2] - Anglo American shareholders will own approximately 62.4% of Anglo Teck, while Teck shareholders will own about 37.6% [3] - A special dividend of US$4.5 billion, approximately US$4.19 per share, is planned for shareholders ahead of the merger completion [3] Group 2: Value Creation and Synergies - The merger is expected to generate annual pre-tax recurring synergies of approximately US$800 million by the end of the fourth year, driven by economies of scale and operational efficiencies [4] - Long-term operational synergies from integrating operations in Chile are projected to deliver US$1.4 billion in underlying EBITDA revenue synergies annually from 2030 to 2049 [4] Group 3: Corporate Structure and Leadership - Anglo Teck's global headquarters will be in Vancouver, Canada, with corporate offices in London and Johannesburg, and a majority of the senior executive team based in Canada [5] - Leadership will include Duncan Wanblad as CEO, Jonathan Price as Deputy CEO, and John Heasley as CFO [5] Group 4: Commitment to Regions - Anglo Teck has committed to compliance with empowerment and mining license requirements in South Africa, along with financial contributions to the Junior Mining Exploration Fund [6] - In Canada, the company plans to invest at least CAD$4.5 billion over five years, including up to CAD$2.4 billion for the Highland Valley Copper Mine Life Extension Project [6] Group 5: Shareholder Approval - The merger requires shareholder approval at a General Meeting scheduled for 9 December 2025, with resolutions including the allotment of new shares and a legal name change to "Anglo Teck plc" [7]

Core Insights - Nexa Resources reported a net income of US$100 million in 3Q25, a significant increase from US$13 million in 2Q25 and US$6 million in 3Q24, driven by a non-cash impairment reversal and stronger operational margins [2][3][4] Financial Performance - Adjusted EBITDA for the quarter was US$186 million, up from US$161 million in 2Q25 and US$183 million in 3Q24, primarily due to higher mining output and better metal prices [3] - Net revenues reached US$764 million, an 8% increase from US$708 million in 2Q25 and US$709 million in 3Q24, supported by higher smelting sales volume and operational improvements [4] Operational Highlights - Overall zinc production rose 14% quarter-over-quarter to 84kt, with Aripuanã achieving record production of 10.4kt, a 39% increase from 3Q24 [14] - Lead production increased 16% quarter-over-quarter to 18kt, while copper production decreased 6% quarter-over-quarter to 9kt [14] - The Cerro Pasco Integration Project is on schedule, with construction activities well underway and key equipment packages undergoing Factory Acceptance Tests [14] Capital Expenditure and Debt Management - CAPEX totaled US$90 million in 3Q25, with approximately US$12 million allocated to the Cerro Pasco Integration Project, maintaining full-year guidance at US$347 million [9] - Nexa's net debt decreased to US$1,479 million from US$1,515 million in the previous quarter, improving the Net debt/LTM Adjusted EBITDA ratio to 2.2x [9] ESG and Corporate Initiatives - Nexa advanced its commitment to sustainable mining through initiatives in safety, decarbonization, and community engagement, including health campaigns and educational support [12][15] - The company achieved full compliance with LME Responsible Sourcing standards and showcased its ESG strategy at various industry forums [21]