Core Viewpoint - Atico Mining Corporation reported a net loss of $4.1 million for Q3-2025, primarily due to a shipping delay that left all concentrate in inventory, impacting sales and revenue recognition [1][2][3] Financial Performance - The company produced 2.3 million pounds of copper and 1,847 ounces of gold in Q3-2025, with cash costs of $2.74 per payable pound of copper, reflecting a 12% increase from Q3-2024 [1][3][7] - There were no metals concentrate sold during Q3-2025, leading to a loss from operations of $2.6 million, compared to a $4.2 million income in Q3-2024 [3][5] - The working capital deficit was $13.5 million as of September 30, 2025, an increase from $11.3 million at the end of 2024, influenced by $10.5 million in advance payments recorded as deferred revenue [3][5] Operational Highlights - Copper production decreased by 23% and gold production decreased by 11% compared to Q3-2024, attributed to lower ore throughput and lower copper head-grades [7][10] - Cash costs per tonne of processed ore rose to $179.23, a 23% increase from Q3-2024, due to reduced ore extraction and increased costs from inflation and foreign exchange [3][10] - The all-in sustaining cash cost per payable pound of copper produced was $4.87, up from $3.60 in Q3-2024, driven by higher sustaining capital expenditures [3][10] Future Outlook - The company anticipates gradual improvement in production in the next quarter due to higher copper grades as mining operations shift to upper zones of the El Roble mine [2][3] - The company has reduced its credit facilities and loans by $5.4 million during the quarter, indicating a focus on improving financial stability [2][3]

Figure 11 Green Bay Mineral Resource contained gold sensitivity to cut-off grade by Mineral Resource category. Figure 12 Long section of the Ming Deposit MRE extent and new drilling completed since the previous October 2024 MRE. The MRE remains open and geophysical DHEM conductors indicate the mineralisation likely continues down plunge. Red wireframe is the FWZ mineralisation envelope and gold wireframes are the upper high-grade copper-gold VMS zones. Red on drillholes are assays >0.5% copper. Fig ...

Solaris Resources (NYSEAM:SLSR) Update Summary Company Overview - Solaris Resources is presenting a significant copper project known as the Warintza project, which is characterized as a multi-generational project with a mine life exceeding 50 years, a rarity in the current market [2][3][25]. Industry Context - Global copper demand is projected to surge by 24% by 2035, necessitating an additional 1 million tons of production annually [3]. - The Warintza project is positioned as a near-term executable project to meet this increasing demand [3]. Key Financial Metrics - The pre-feasibility study (PFS) indicates a 312% increase in measured and indicated resources compared to the previous year [4]. - The project is expected to produce over 300,000 tons of copper equivalent in the first five years and over 240,000 tons in the first 15 years [5]. - The all-in sustaining cash costs are projected at $0.85 per pound for the first five years and $1.07 for the first 15 years [5][11]. - The post-tax NPV at an 8% discount rate is estimated at $4.6 billion, with a post-tax IRR of 26% and a payback period of 2.6 years [5]. Resource and Reserve Estimates - The mineral resource increased by 38% in 2025, totaling 5.8 billion tons, which includes 3.7 billion tons in the measured and indicated category and 2 billion tons inferred [6]. - The reserves support a 22-year operational life, with potential to extend by 25-30 years [6][15]. Project Design and Operational Efficiency - The project features a low strip ratio of 0.53:1, one of the lowest globally, which enhances cost efficiency [5][10]. - The mine design is simple and environmentally encapsulated, facilitating effective water management and minimal environmental impact [12][17]. - The project is fully funded for the feasibility study through a $200 million financing package from Royal Gold [4][24]. Social and Environmental Considerations - Solaris Resources has established partnerships with indigenous organizations and is committed to maintaining a social license to operate [13][14]. - The company has engaged in a free, prior, and informed consultation process with local communities, which is crucial for project approval [34]. Infrastructure and Logistics - The project benefits from Ecuador's strong infrastructure, including roads, ports, and power supply, which are essential for operational efficiency [23][41]. - The distance to Port Bolívar is approximately 340 km, with well-established road access [23]. Future Outlook and Strategic Plans - The company aims to complete the feasibility study and obtain technical approval for the Environmental Impact Assessment (EIA) by the end of the year [24][36]. - Solaris Resources is exploring various funding avenues for future project phases, including joint ventures and traditional bank debt [40]. - The management team is focused on maximizing shareholder value and de-risking the project through strategic planning and execution [25][39]. Conclusion - Solaris Resources is well-positioned to capitalize on the growing demand for copper with its Warintza project, which boasts strong financial metrics, a significant resource base, and a commitment to social and environmental responsibility [2][25][43].

Warintza PFS Highlights - PFS confirms Warintza's status as a Tier 1 project[23] - Measured and Indicated Mineral Resources increased by 312% compared to the 2024 MRE[24] - Average annual copper equivalent production is projected to be 304kt for the first 5 years and 242kt for the first 15 years[24] - The project boasts a reserve life of over 20 years with a low LOM strip ratio of 053:1[24] - First quartile AISC is estimated at $085/lb for the first 5 years and $107/lb for the first 15 years[24] - The post-tax NPV8% is $46 billion with a post-tax IRR of 26% and a payback period of 26 years[24] Resource Base and Production Scale - Total Reserves are 5,294 kt of Copper Equivalent[32] - Total Measured and Indicated Resources are 11,820 kt of Copper Equivalent[32] Financials - Average annual EBITDA is projected to be $19 billion for the first 5 years and $14 billion for the first 15 years[24] - Average annual post-tax Free Cash Flow is projected to be $13 billion for the first 5 years and $10 billion for the first 15 years[24]

Core Insights - Ero Copper Corp. reported record copper production of 16,664 tonnes in Q3 2025, with a blended C1 cash cost of $2.00 per pound, driven by increased output at Tucumã and stable production at Caraíba [2][3] - The company achieved a net income of $36.0 million for the quarter, translating to $0.35 per diluted share, while adjusted net income was $27.9 million, or $0.27 per diluted share [10][11] - Ero Copper is maintaining its full-year production and capital expenditure guidance, with expectations for Q4 2025 to be the strongest production quarter of the year [12][13] Production Highlights - Caraíba Operations produced 9,085 tonnes of copper in concentrate at an average C1 cash cost of $2.32 per pound, while Tucumã produced 7,579 tonnes at a lower cost of $1.62 per pound, marking a 19% quarter-on-quarter increase [2][8] - Gold production totaled 9,073 ounces, a 17% increase from the previous quarter, with C1 cash costs of $1,086 per ounce and All-in Sustaining Cost (AISC) of $2,425 per ounce [2][8] Financial Performance - Revenues for Q3 2025 reached $177.1 million, up from $163.5 million in Q2 2025, with gross profit of $57.4 million [10] - Adjusted EBITDA was reported at $77.1 million, reflecting operational efficiency despite higher operating expenses at Tucumã [10][27] - Available liquidity at quarter-end was $111.3 million, including $66.3 million in cash and cash equivalents [10] Operational Developments - The company launched a value-creation initiative at Xavantina, leading to an initial sales agreement for gold concentrates, with expected sales of 10,000 to 15,000 tonnes in Q4 2025 [2][3] - Ero Copper completed a 17,000-meter Phase 2 drill program at the Furnas Copper-Gold Project, which was finished ahead of schedule, and has commenced Phase 3 drilling [3][12] Guidance and Future Outlook - The company reaffirmed its consolidated copper production guidance for 2025, expecting production at the low end of the 67,500 to 80,000-tonne range, with improved performance anticipated in Q4 [12][13] - Cost guidance for the Tucumã Operation has been increased due to higher-than-expected maintenance and freight costs, now projected at $1.35 to $1.55 per pound [12][13]

Core Viewpoint - Aldebaran Resources Inc. announced the results of a Preliminary Economic Assessment (PEA) for the Altar copper-gold project in Argentina, indicating strong potential for a long-life, high-quality copper operation with significant production and cash flow generation [1][6][8]. Economic Highlights - The PEA outlines a 48-year mine life with an average annual production of 101,413 tonnes of copper equivalent (CuEq) over the life of the mine (LOM) [7][10]. - The project has an after-tax Net Present Value (NPV) of $2.0 billion at an 8% discount rate, an Internal Rate of Return (IRR) of 20.5%, and a payback period of 4 years based on base-case metal prices [7][11]. - Total LOM gross revenue is projected at $44.7 billion, with free cash flow estimated at $10.7 billion [7][11]. Production and Cost Metrics - Initial capital expenditure (capex) is estimated at $1.59 billion, with a capital intensity of $15,713 per tonne of average annual CuEq produced [7][12]. - Cash costs (C1) are projected at $1.71/lb payable Cu for the first 20 years, increasing to $2.02/lb for the LOM [7][12]. - All-in Sustaining Costs (AISC) are estimated at $2.25/lb payable Cu for the first 20 years, rising to $2.59/lb for the LOM [7][12]. Mining and Processing Overview - The mining method combines open-pit and underground block caving, with a processing capacity of 60,000 tonnes per day [10][21]. - The project anticipates a recovery rate of 87.76% for copper, 57% for gold, and 50% for silver over the LOM [12][26]. Strategic Partnerships and Future Plans - Aldebaran is collaborating with Nuton, a Rio Tinto venture, to explore alternative processing technologies that could enhance economic viability and reduce environmental impact [8][38]. - The company plans to focus on a Pre-Feasibility Study (PFS) and resource updates in the next 12 to 18 months, aiming to unlock additional value from the Altar project [8][46]. Mineral Resource Estimate - The PEA is based on an updated mineral resource estimate, with approximately 80% of the resources categorized as Measured and Indicated [7][14]. Infrastructure and Environmental Considerations - The project includes comprehensive on-site infrastructure and plans for water management, with a focus on minimizing environmental impact [35][36]. Market Context - The political environment in Argentina is shifting towards pro-business policies, which may benefit the advancement of the Altar project amid rising global demand for copper [8].

Highlights • Assays reported for a further 17 drill holes for 5,556m of diamond drilling.• Results received are consistent and confirm mineralisation in the Target areas with Cu grades in line with and in some cases above the average mineral resource estimate (“MRE”):• Best intercepts received are as follows:• HM96:40m @ 0.37% Cu (4 to 44m) 116m @ 0.36% Cu (228 to 344m)• HM76:50m @ 0.33% Cu (102 to 152m) 7m @ 0.37% Cu (216 to 223m)• HM78:36m @ 0.33% Cu (86 to 122m)• HM79:96m @ 0.31% Cu (74 to 170m)• HM81:1 ...

Sagittarius Mines, the company behind the Tampakan copper-gold project in the Philippines, is actively searching for a strategic partner to assist in its development. The company's CEO, Roy Deveraturda, has expressed interest in a partner that can provide "modern technology" to support the project's advancement, reported Bloomberg. The Tampakan copper-gold project is set to become the Philippines' largest gold and copper mine. Situated on the southern Mindanao Island, it is expected to produce approximat ...

Core Viewpoint - Amerigo Resources Ltd. reported operational results for Q3-2025, indicating production challenges due to an accident at the El Teniente mine, which affected fresh tailings throughput and led to a downward revision of annual copper production guidance [1][2][4]. Production and Operational Performance - In Q3-2025, MVC produced 14.6 million pounds of copper and 0.35 million pounds of molybdenum, with a plant availability of 98.3% and no lost-time accidents [5][11]. - Fresh tailings throughput was significantly impacted, with a daily processing rate dropping to 92,607 tonnes per day in Q3-2025 from 129,387 tonnes per day in Q2-2025 [13]. - Despite the challenges, MVC's production in September aligned closely with its original monthly production budget [3]. Financial Performance - The average provisional copper price in Q3-2025 was $4.54 per pound, an increase from $4.42 per pound in Q2-2025 [9]. - Amerigo's cash cost in Q3-2025 was $1.80 per pound, with a year-to-date cash cost of $1.93 per pound, maintaining the annual cash cost guidance [7][11]. - The company returned $3.5 million to shareholders through dividends in Q3-2025, totaling $15.6 million year-to-date [10][11]. Production Guidance and Future Outlook - Amerigo expects to produce between 60 and 61.5 million pounds of copper in 2025, which is 2% to 5% lower than the original guidance of 62.9 million pounds [4][6]. - The company remains positioned to eliminate its debt by the end of 2025 while continuing its Capital Return Strategy [8][11]. Capital Return Strategy - Since implementing its Capital Return Strategy in October 2021, Amerigo has returned $93.7 million to shareholders, including $63.0 million through dividends and $30.7 million through share buybacks [14][15].

Core Viewpoint - Koryx Copper Inc. is seeking shareholder approval for the transfer of its registered office to Luxembourg and the continuation of its legal personality as Koryx Copper S.A. due to an ongoing labor dispute affecting the authorization process in British Columbia [2][3][4]. Group 1: Company Actions and Resolutions - The special meeting of shareholders is scheduled for October 15, 2025, to vote on the proposed Continuation and ancillary resolutions [2]. - The Continuation will become effective upon obtaining authorization from the BC Registrar and the signing of the notarial deed in Luxembourg [4]. - The directors and management recommend shareholders vote in favor of the proposed resolutions [5]. Group 2: Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project in Namibia, which is a significant copper/molybdenum porphyry deposit [6]. - The Haib project has a current mineral resource estimate of 414 million tonnes at 0.35% copper in the Indicated category and 345 million tonnes at 0.33% copper in the Inferred category [7]. - The mineralization at Haib is characterized by chalcopyrite, with the project being one of the few Paleoproterozoic porphyry copper deposits globally [8].