Toronto, Ontario--(Newsfile Corp. - November 25, 2025) - Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) ("Big Ridge" or the "Company") is pleased to provide an update on the Company and ongoing work at the Hope Brook Gold Project ("HBGP") located on the southwest coast of Newfoundland and Labrador and the Destiny Gold Project, located near Val d'Or, Quebec.2025 Highlights Consolidated 100% ownership of the HBGP.Commenced Preliminary Economic Assessment.Ongoing Metallurgical Test Work.Destiny partner, Cap ...

Financial Data and Key Metrics Changes - Revenue for Q3 2025 reached $177 million, a $14 million increase compared to Q2, driven by a 24% increase in copper concentrate sales at Tucumã and stronger copper and gold prices [17] - Adjusted EBITDA totaled $77.1 million in Q3, with adjusted net income attributable to owners of the company at $27.9 million, or $0.27 per share [17] - Liquidity position at quarter end was $111 million, including $66.3 million in cash and cash equivalents [18] - Net debt leverage ratio improved to 1.9 times at the end of Q3, down from 2.1 times in Q2 and 2.5 times at the end of 2022 [18] Business Line Data and Key Metrics Changes - Consolidated copper production set a record in Q3, with significant contributions from Tucumã, which saw a nearly 20% increase for the second consecutive quarter [10] - At Caraíba, plant throughput levels reached a quarterly volume record, with a decline in grade as expected due to a strategic shift in ore sourcing [11] - Tucumã's production increased by 19% in Q3, driven by a ramp-up in throughput, while Xavantina's production rose by approximately 17% due to mechanization efforts [12][13] Market Data and Key Metrics Changes - The company expects to sell between 10,000 and 15,000 tons of gold concentrate during Q4 2025, with operating costs estimated at approximately $300-$500 per ounce of gold [5] - The average quarterly production of gold at Xavantina was 7,000 ounces in the first half of the year, with a production of nearly 7,000 ounces in October alone [8] Company Strategy and Development Direction - The company is focused on deleveraging its balance sheet and expects to accelerate this process through gold concentrate sales [6][18] - A significant emphasis is placed on operational excellence, health and safety, and optimizing production across all operations [9][10] - The company is also advancing long-term growth initiatives at Furnas, with ongoing drilling and technical work to support future development [15][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing transformation and improvements across operations, with expectations for Q4 to be the strongest production quarter of the year [10][12] - The company is addressing inflationary pressures in Brazil through various initiatives, including foreign exchange hedging [22][24] - Management highlighted the importance of mechanization and operational improvements in driving productivity and safety [41][46] Other Important Information - The company has commenced shipping gold concentrate, resulting in its first invoice, and expects to continue this momentum into Q4 [5][19] - A foreign exchange hedge program was in place with a total notional position of $290 million, resulting in a realized gain of $2 million [19] Q&A Session Summary Question: On Xavantina, regarding the remaining 80% of the gold concentrate that has not been sampled yet, what assumptions can be made? - Management indicated that while excitement exists about the potential volume, it is too early to provide specific estimates for the remaining concentrate [20][21] Question: Have there been any significant labor contractor inflation pressures in Brazil? - Management acknowledged inflationary pressures in Brazil but noted efforts to mitigate these through longer-term contracts and hedging strategies [22][24] Question: What is the timeline for sampling the remaining gold concentrate stockpile? - Management stated that the focus is on selling the current volume before continuing sampling, with updates expected quarterly [33][34] Question: How is the company addressing the tailings filtration circuit at Tucumã? - Management confirmed ongoing improvements and the addition of a mobile filter press to enhance capacity [36][37] Question: What are the expectations for mining rates and grades at Xavantina moving into next year? - Management highlighted significant increases in mining rates and grades due to mechanization, with expectations for continued high performance [41][44]

Core Insights - Ero Copper Corp. has announced the results of a year-long initiative to enhance value from its Xavantina Operations in Brazil, including an updated mineral reserve and resource estimate [1][3][5] Group 1: Operational Highlights - The company has successfully mechanized the Xavantina Operations and initiated gold concentrate sales, achieving significant milestones in 2025 [3][5] - Initial shipments of approximately 3,000 tonnes of gold concentrate were completed in October 2025, with expectations to increase shipments to 10,000 to 15,000 tonnes during Q4 2025 [5] - The company has entered into sales contracts for gold concentrate volumes with net payability expected between 90% and 95% based on various factors [5] Group 2: Mineral Reserve and Resource Estimates - The 2025 mineral reserve and resource estimates for the Xavantina Operations include approximately 29,000 ounces of inferred mineral resources in high-grade gold concentrate [5][6] - Total measured and indicated resources now amount to 664,000 ounces, with an inferred resource of 365,000 ounces [5][6] - The mineral reserve estimates are based on a gold price of $2,100 per ounce and an exchange rate of USD/BRL 5.50 [9][12] Group 3: Future Plans and Exploration - The company is conducting additional sampling campaigns to quantify remaining gold concentrate density and grade, with plans to complete this over the next 12 to 18 months [5] - Ongoing exploration efforts are extending the known limits of mineralization within the mine, supporting a planned expansion of underground operations [5][12]

Core Insights - JZR Gold Inc. has announced the production of its first gold concentrate from the Vila Nova Gold Project in Brazil, operated by ECO Mining Oil & Gaz Drilling and Exploration [1] - The project is currently undergoing further testing and optimization of its 800 tonne-per-day bulk sampling gravimetric mill to enhance efficiency and increase processing volume [1] - JZR holds a 50% net profit interest in the Vila Nova Project, acquired through a Joint Venture Royalty Agreement with ECO [2] Company Developments - The CEO of JZR expressed excitement regarding the progress at the Vila Nova Gold Project and noted that ECO has begun stock-piling material at the mill in anticipation of increased throughput [3]

Core Viewpoint - The recent metallurgical test work at the Queensway project confirms high gold recovery rates and supports the feasibility study planned for Q4 2025 [1][9][19]. Group 1: Metallurgical Test Work - The program commenced in late 2024, focusing on master composites from the Keats West zone and re-evaluating low-grade samples from various zones [2][5]. - Approximately 660 meters of drill core, weighing 2,700 kilograms, was selected for testing, resulting in three master composites based on carbon content [6]. - The test results showed an average gold recovery of 89.2%, confirming the flowsheet presented in the preliminary economic assessment (PEA) [9][12]. Group 2: Mineralogical Studies - A mineralogical gold deportment study was conducted, revealing similar mineral assemblages across the tested zones, dominated by quartz, illite, chlorite, and albite [8][10]. - The Keats West Weak sample contained a significant amount of submicroscopic gold, accounting for 49% of its gold content [18]. Group 3: Future Plans - Additional metallurgical test work is planned, including a feasibility study level program, with results expected in the second half of 2026 [19]. - The company aims to establish a gravity/CIL flowsheet and optimize recovery processes for sulphide-associated mineralization [25]. Group 4: Company Overview - New Found Gold holds a 100% interest in the Queensway project, located in Newfoundland and Labrador, and has completed an initial mineral resource estimate and PEA [22][23]. - The company has a solid shareholder base, including a 23.1% holding by Eric Sprott, and is focused on growth and value creation at Queensway [23].

Core Insights - Revival Gold Inc. announced positive results from metallurgical testing in collaboration with Dundee Sustainable Technologies, focusing on the effectiveness of the Glasslock Process on high-grade samples from the Joss deposit at the Beartrack-Arnett Gold Project [1][3] - The testing showed a 31% increase in gold grade and a 99% reduction in arsenic content, with no measurable gold loss during the process [3][10] - A 3,900-meter exploration drilling program is set to begin later this year to further explore the high-grade underground potential at Beartrack-Arnett [4][10] Company Developments - Dundee Corporation acquired a strategic stake in Revival Gold, which led to the metallurgical testing program [3] - The Glasslock Process has been successfully implemented on an industrial scale at Dundee Precious Metal Inc.'s Tsumeb smelter facility in Namibia, indicating its potential for broader application in gold processing [5][10] - Revival Gold is advancing the development of the Mercur Gold Project in Utah while continuing exploration at Beartrack-Arnett [11]

Core Viewpoint - North Bay Resources, Inc. has successfully completed the final acceptance and settlement of its gold concentrate test shipments from the Fran Gold Project, indicating progress in its operations and potential for increased production capacity [1]. Shipment Results - The total weight of gold concentrate shipments in April 2025 was 667 wet pounds, with shipments 2 and 3 processed at the Bishop Gold Mill [5]. - Shipment 2 had a dry weight of 222 pounds, with an average recovered grade of 0.08 ounces per ton, resulting in a per ton value of $260 [6]. - Shipment 3 had a dry weight of 318 pounds, with an average recovered grade of 0.11 ounces per ton, resulting in a per ton value of $360 [6]. Operational Improvements - Upgrades to the raker/classifier during April improved consistency and reduced material size, leading to better recovery rates in shipment 3, which was within 10% of shipment 1 [6]. - The implementation of a drying circuit reduced moisture content by 60% from 16.20% in shipment 2 to 7.15% in shipment 3 [6]. Future Production Plans - The company aims to ramp up production to 100 tons per week in the short term and achieve full commercial production of 100 tons per day thereafter [6]. - A finalized flotation circuit design includes an additional mixing tank to enhance gold recovery through improved reagent addition [7]. Fran Gold Project Development - Mobilization for further development at the Fran Gold Project is set to begin in early June, focusing on exploration and preparation for additional ore shipments [8]. - The company plans to implement grade control on stockpiles to maximize head grade at the mill and ensure continuous throughput [8]. Resource Estimates - The current resource estimate for the Bullion Alley - Main Zone is approximately 20,035,146 tonnes at an average grade of 0.50 grams per tonne, totaling 323,170 troy ounces [10]. - The Bullion Alley - Main Zone combined with the East Extension has a total resource of 43,797,234 tonnes at an average grade of 0.34 grams per tonne, totaling 474,001 troy ounces [11]. Economic Considerations - Using a gold price of $3,100 per ounce, the gross value in the Main Zone is estimated at $50 per tonne, with mining costs at the nearby Blackwater Gold Mine at $9 per tonne processed [12]. - The company is consulting with mine engineering firms regarding detailed economics and mine planning for the bulk tonnage deposit [12]. Geological Insights - Past exploration has revealed large intercepts of mixed vein and disseminated gold, with the deposit area identified to exceed 1000m x 100m x 300m [13]. - The Fran Gold Project is strategically located near significant mining operations, including Centerra Gold's Mt. Milligan Project and Artemis Gold's Blackwater Mine, which enhances its potential for resource development [13].

Core Insights - North Bay Resources, Inc. has successfully delivered 344 lbs of gold concentrate to Just Refiners, indicating progress in its operations and processing capabilities [1] - The concentrate is derived from approximately 15 tons of gross ore processed at the Bishop Gold Mill, showcasing the company's production capacity [1] - Recent upgrades to the milling equipment aim to optimize the recovery process, targeting a finer grind of minus 150 mesh [1][3] Flotation Circuit Optimization - The company is currently testing and optimizing the flotation circuit at the Bishop Gold Mill, focusing on the titration of five reagents used in the flotation process [2] - A decision is pending on whether to stage the addition of reagents or combine them in a single conditioning tank, which will impact the efficiency of the flotation process [3] - Previous metallurgy work suggests that a combined gravity and flotation circuit could achieve a recovery rate of 97% with Fran Gold ore [3] Fran Gold Project Developments - Data re-compilation from 104 drill holes at the Fran Gold Project is ongoing, utilizing Leapfrog 3D modeling for resource estimation [5] - A recent discovery of a bulk tonnage gold deposit at Fran includes 149m of 0.9 grams per tonne, prompting a re-evaluation of the deposit's potential [5] - Historical exploration has revealed significant intercepts of gold, with the deposit area exceeding 1000m x 100m x 300m, indicating substantial resource potential [6]

Core Viewpoint - Galantas Gold Corporation reported its audited financial results for the year ended December 31, 2024, highlighting a significant reduction in net loss compared to the previous year, despite no revenue generated from operations [1][3]. Financial Highlights - Revenue for 2024 was $0, consistent with 2023 [2]. - Total costs and expenses of operations decreased to $112,568 in 2024 from $182,295 in 2023 [2]. - Net loss for 2024 was $1,488,684, a substantial improvement from the net loss of $8,568,140 in 2023 [3]. - Cash outflow from operating activities before changes in non-cash working capital was $1,098,038 in 2024, down from $1,788,453 in 2023 [3]. - The company had a cash balance of $525,643 at the end of 2024, a decrease from $2,593,265 at the end of 2023 [4]. - Working capital deficit increased to $16,218,988 in 2024 from $12,599,514 in 2023 [4]. Operational Updates - The company has maintained a zero lost time accident rate since the start of underground operations, emphasizing its commitment to safety [5]. - Environmental monitoring indicates a high level of regulatory compliance [5]. Related Party Transactions - The company received a loan advance of £76,965 from Melquart Ltd. on November 6, 2024, and a further £100,000 on April 11, 2025, both under the same terms as a previous loan [7][8]. - As a substantial shareholder, Melquart is considered a related party, and the terms of these transactions are under review by the Board and its Nominated Adviser [9].

Core Viewpoint - North Bay Resources, Inc. has successfully completed its first gold concentrate sale from the Fran Gold Project, indicating progress in its operations and potential for increased recovery and profitability in the future [1][3]. Gold Sale and Refinery Settlement - The first gold concentrate sale involved approximately 10 tons of gross ore processed, with a net payment of $3,981.83, translating to about $400 per ton [2][3]. - The concentrate assay showed gold content of 1.401 ounces and silver content of 0.658 ounces, with gold priced at $3,119.75 per ounce and silver at $33.87 per ounce as of April 2, 2025 [2]. Operational Enhancements - The company plans to implement a flotation circuit, expected to increase recovery by up to 100%, potentially raising the value per ton to $800 [3]. - Transportation costs for recent shipments were approximately $300 per ton, projected to decrease to $200 per ton due to a new rail siding operational since March 31, 2025 [3]. - Direct operating costs are estimated at $35 per ton, with tariffs expected to be $25 per ton or less [3]. Ore Processing and Stockpiling - Currently, 75 tons of ore are stockpiled at the Bishop Gold Mill, with an additional 5,000 tons at the project site [4]. - The focus of optimization is on the flotation circuit, with all necessary reagents available and testing underway [4][5]. Fran Gold Project Developments - Recent data re-compilation has revealed a bulk tonnage gold deposit at Fran, with a 3D model indicating significant potential for further exploration [6]. - The deposit model shows a near-surface aspect verified by extensive surface trenching, with ongoing re-analysis of historic drill holes [6][7]. Drill Hole Data - Significant drill intercepts have been recorded, with grades ranging from 0.3 to 2.7 grams per tonne across various holes [8][11]. - The Fran Gold Project is strategically located near major mining operations, enhancing its potential for development [11].