Edmonton, Alberta--(Newsfile Corp. - January 29, 2026) - Peruvian Metals Corp. (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to provide an update on the Company's Minas Visca Silver property (the "Property") located in Northern Peru. Peruvian Metals acquired the Property in 2021 by submitting a superior offer in a closed bid auction at the Peruvian Public Registry of Mining. Other bidders for the Property included Newmont Peru S.R.L and Mitsui Mining & Smelting Co. ("Mitsui" ...

Core Viewpoint - DynaResource, Inc. has reported its preliminary operating results for 2025 and provided guidance for 2026, highlighting significant operational improvements and strategic initiatives aimed at enhancing profitability and efficiency at the San Jose de Gracia Mine in Mexico. Group 1: 2026 Guidance Highlights - The company aims for a more stable and predictable operating performance in 2026, supported by capital works and operational improvements from 2025 [3][4] - Cash costs are targeted to decrease by approximately 15% due to ongoing efficiency efforts [4] - The 2026 guidance includes an expected increase in overall gold recovery due to the installation of a new primary gravity gold circuit [3][5] Group 2: 2025 Preliminary Operating Results - Gold production for 2025 is reported at 21,393 ounces, falling within the updated guidance of approximately 21,000 ounces [13] - Cash costs for 2025 ranged from $1,400 to $1,600 per ounce, while All-In Sustaining Costs (AISC) were between $2,400 and $2,600 per ounce [8] - The company milled 260,694 tonnes of ore in 2025, with a calculated grade of 3.46 g/t gold and a recovery rate of 74% [13] Group 3: Operational Improvements - Significant capital investments in 2025 included enhancements to underground development and improved utilization of mining equipment, allowing for an average ore delivery capacity of 850-900 tonnes per day [9] - A major optimization of the processing plant was completed, including the installation of three Falcon gravity concentrators, which began producing an average of 18 ounces of gold in gravity concentrate per day by December 2025 [10] - The company has identified two new mineralized zones, Victoria and Palos Chinos, which are being evaluated for inclusion in the 2026 mine plan [12] Group 4: Exploration and Future Plans - The company plans to resume exploration activities with a drilling program of at least 10,000 meters targeting four primary zones [6] - Exploration expenditures for 2025 were estimated between $1.0 million and $2.0 million [8] - The company is also evaluating a potential location for a third tailings storage facility to support future operations [11]

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]

Core Insights - FireFly Metals Ltd has announced a substantial increase in the Mineral Resource Estimate (MRE) for its Green Bay Copper-Gold Project, with significant growth in both tonnes and grades, particularly in the high-grade core zone [17][18][19] - The updated MRE now stands at 50.4 million tonnes (Mt) at 2.0% copper equivalent (CuEq) in the Measured and Indicated (M&I) categories, and 29.3Mt at 2.5% CuEq in the Inferred category, representing a 35% increase in tonnes and a 51% increase in CuEq metal compared to the previous estimate [18][19][25] - The high-grade core zone includes 8.8Mt at 3.9% CuEq in the M&I category and 10.9Mt at 3.8% CuEq in the Inferred category, which is expected to enhance the project's development potential, especially in the early years of production [12][19][20] Mineral Resource Increase and Upgrade - The MRE reflects a significant increase in contained metals, with copper in the M&I category increasing to 863,000 tonnes (kt), a 113% rise, and gold increasing to 546,000 ounces (koz), a 174% rise [19][21] - The M&I resources now constitute 67% of the total MRE, which is crucial for future economic studies [19][21] - The total discovery cost per estimated tonne of CuEq metal added in this MRE is low at C$25.12 (US$17.83) per tonne, indicating efficient resource growth [21] Drilling and Exploration Activities - FireFly has utilized eight rigs for drilling, with a focus on converting Inferred resources to M&I and discovering new regional targets [16][40] - A total of 242 new holes and 78,165 meters of drilling have been completed since the last MRE, contributing to the updated estimates [69][76] - The company plans to continue drilling into 2026, with a focus on upgrading the Mineral Resource and preparing for a feasibility study expected in the second half of 2026 [40][42] Economic and Development Outlook - Discussions with potential offtake customers and funding entities are progressing well, indicating strong market interest in the project's concentrate [17][48] - The company had A$129.7 million in cash, receivables, and liquid investments as of September 30, 2025, positioning it well for continued exploration and development [54] - The upcoming Preliminary Economic Assessment (PEA) study is planned for completion in the first half of 2026, which will be based on the updated MRE [44][45]

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 Insights - Sagittarius Mines is seeking a strategic partner to aid in the development of the Tampakan copper-gold project in the Philippines, with a focus on acquiring modern technology for project advancement [1][3] - The Tampakan project is projected to be the largest gold and copper mine in the Philippines, with an expected annual production of approximately 375,000 tonnes of copper and 360,000 ounces of gold in concentrate over a 17-year period, although production has been delayed until 2028 [2] - The project has faced multiple challenges, including the withdrawal of Glencore in 2015 and regulatory hurdles, such as the ban on open-pit mining, which was lifted in 2021 [4] Industry Context - President Ferdinand Marcos Jr. has been proactive in revitalizing the Philippine mining sector since taking office in 2022, with a new taxation law recently signed that is viewed as a potential catalyst for investment [4] - The Philippines has a significant amount of untapped mineral reserves, with only a small portion of the nine million hectares identified by the government currently being mined [5] - The government is preparing to auction mining assets to attract more investors, focusing on selecting competent operating companies alongside advantageous offers [6]

Core Insights - Silver Bullet Mines Corp. has successfully increased the concentrate grade of gold from its KT Mine in Arizona to over 27 ounces per ton, indicating significant improvements in the milling process [1][6][10] - The company has discovered visible gold in the latest blast material, with approximately 150 to 200 tons of this material ready for shipment to the mill [5][10] - The company anticipates further increases in grades as it transitions from surface material to underground vein material, with recent assays showing a head grade of 0.8 ounces per ton gold [6][10] Company Developments - The company has processed around 125 tons of material, resulting in over 2 tons of high-grade concentrate, and plans to reduce waste material while increasing higher-grade material as it moves towards full underground mining [7][10] - Silver Bullet Mines is committed to a hub and spoke business model, processing varied materials from multiple properties, including KT and SC Mines, which are expected to generate significant revenue [9][10] - Cash flow from concentrate sales will be used to upgrade the mill for increased capacity and to fund a detailed exploration program in Arizona, aiming to minimize the need for further financing [11][12] Industry Context - The CEO of Silver Bullet Mines believes there is a renewed appreciation for small-scale mining operations, suggesting that the company could lead a renaissance in high-grade precious and base metal mining [10] - The company is optimistic about the future of its operations, particularly with the high-grade gold and silver being produced, which is expected to provide substantial material for processing [10][11]

Core Viewpoint - Silver Bullet Mines Corp. (SBMI) has reported highly successful results from a bulk sample taken from the KT Mine in Arizona, indicating significant gold and silver values that align with historical data from the previous owner [1][4]. Group 1: Acquisition and Sampling - SBMI acquired the KT Mine on July 23, 2025, and processed approximately 50 tons from a 400-ton waste material sample, yielding an average of 0.3 oz/ton gold, with peaks of 1.8 oz/ton [2]. - Additional random samples from the concentrate were sent to Activation Laboratories Ltd. for analysis, revealing gold values as high as 23.6 oz/ton and silver values reaching 28 oz/ton [3]. Group 2: Processing and Operations - The company is currently shipping more material from the KT Mine to the mill for processing to produce a concentrate for sale [4]. - SBMI has improved site access and secured the area, with ongoing efforts to define the vein structure, which has been traced for over 1000 feet [5][6]. Group 3: Future Prospects - The KT property and the Super Champ Mine are believed to have significant potential for high-grade gold and silver production, prompting SBMI to work on increasing mill capacity and adding circuits for mineral recovery [9]. - The company is awaiting results from a third-party multi-element analysis on concentrate from the Super Champ Mine to advance the sales process [10].

Summary of FireFly Metals Conference Call Company Overview - **Company**: FireFly Metals (OTCPK:MNXM.F) - **Key Asset**: Green Bay copper-gold project located in Newfoundland, characterized as a large-scale, high-grade copper and gold VMS (Volcanogenic Massive Sulfide) style deposit [1][3] Core Industry Insights - **Shift from Gold to Copper**: The company has pivoted focus from gold to copper due to strong macroeconomic trends favoring copper, with many gold companies also seeking to add copper to their portfolios [2] - **Demand and Supply Challenges**: There is an anticipated increase in demand for copper, while finding new deposits is becoming increasingly difficult due to lower grades, reduced discovery rates, and higher capital intensity [3] Financial Performance - **Market Capitalization Growth**: The company's market cap has surged from AUD 70 million to AUD 820 million in less than two years [4] - **Current Financial Position**: The company has completed a capital raise, holding AUD 145 million in the bank, with no debt or offtake agreements, indicating strong financial health [7] Exploration and Development - **Drilling Campaign**: The company is conducting an intensive drilling campaign with eight rigs on-site, having added 20 million tons to the resource while maintaining a grade of around 2% copper equivalent [5][6] - **Resource Update**: A resource update is expected in early November, with current estimates at 60 million tons at 2% copper equivalent [16] Infrastructure and Operational Advantages - **Existing Infrastructure**: The project benefits from inherited surface and underground infrastructure, including wastewater treatment plants and offices, which reduces the capital required to restart operations [17][19] - **Environmental Assessment**: The company received environmental assessment approval in just 45 days, showcasing strong community and governmental support [19] Geological Insights - **High-Quality Ore**: The deposit is noted for its high-quality ore, with metallurgical tests showing recoveries of up to 98% for copper and 85% for gold [19] - **Geophysical Exploration**: The company is utilizing modern geophysical methods to identify conductive anomalies that may indicate additional VMS deposits [28][29] Future Catalysts - **Upcoming Reports**: Investors can expect more drill results, a resource update later this year, and a comprehensive mining study (PEA plus) in the first quarter of the following year [32][33] Community and Regulatory Environment - **Supportive Environment**: Newfoundland ranks in the top six globally for mining policy, with a supportive community and government, contrasting with other regions like Western Australia [14] Conclusion - FireFly Metals is positioned to capitalize on the growing demand for copper with a high-quality asset, strong financial backing, and a supportive operational environment, making it a compelling investment opportunity in the mining sector [12][13]

Summary of Conference Call Company and Industry - **Company**: Alkane Resources Limited - **Merger**: Alkane is merging with Mandalay Resources, a TSX listed company, with the merger closing on August 5 [1][3] Core Points and Arguments - **Production and Financials**: - In the last twelve months, Alkane produced 161,000 ounces from three operating mines located in New South Wales, Victoria, and Sweden [2] - The combined market capitalization of the merged entity is approximately $900 million, with cash in the bank as of June 30 being AUD $218 million and net cash around AUD $150 million after transaction costs [2] - **Transaction Details**: - The merger involves a nil premium structure, with a shareholder vote scheduled for Monday [3][4] - **Mine Operations**: - Key assets include: - **Tommingly**: Existing asset since 2014, produced 70,000 ounces last year, expected to increase production this year [5] - **Costerfield**: Producing 50,000 ounces, noted as the largest Western producer of Antimony [5][12] - **Bjorkdal**: Another 50,000 ounces produced, located below the Arctic Circle [6] - **Future Production Expectations**: - The merged entity anticipates producing 40,000 ounces equivalent quarterly, with cash growth of under $25 million quarter on quarter [7] - Expected cash build exceeding $100 million in the next year [8] - **Mine Life and Stability**: - Focus on stabilizing production and extending mine lives: - Tommingly: 8-year mine life, 70,000-80,000 ounces [9] - Yorkdale: 10-year mine life, 50,000 ounces [9] - Costerfield: 4-year mine life, with efforts to extend it [9] - **Exploration and Expansion**: - Ongoing exploration drilling at Costerfield and Bjorkdal to identify high-grade opportunities [20][22] - Plans to ramp up drilling to extend mine life and secure permits for new areas [27] - **Bodekaiser Project**: - A large copper-gold porphyry project with 15 million ounces equivalent in the ground, aiming for joint venture opportunities in the future [28][29] Additional Important Content - **Market Positioning**: - Both Alkane and Mandalay are considered subscale with market caps around $400 million and $500 million respectively, leading to the merger to create a more significant entity [30] - The merged company aims to attract passive funds by moving into larger indexes like ASX 300 and GDXJ, which could enhance liquidity and market presence [32] - **Operational Costs**: - Current operational costs for Tommingly are in the range of $2,000 to $2,300 per ounce [26] - Bjorkdal operates at a low cost of 3¢ per kilowatt hour for power, making it profitable even at lower grades [20] - **Investor Communication**: - Emphasis on demonstrating the potential for continued profitability and growth to investors, encouraging them to engage with their brokers regarding future investment opportunities [32][33]