Former Minister of Energy & Natural Resources, Indigenous Services, Seniors, Labour, Veteran Affairs and Associate Minister of National DefenceTORONTO, Aug. 26, 2025 /PRNewswire/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) Power Metallic is pleased to announce the appointment of Seamus O'Regan to its board.Seamus O'Regan Jr joined Stewart McKelvey, Atlantic Canada's largest law firm, in March of 2025 as Senior Business Advisor following a dist ...

XXIX Announces Fully Funded Drilling and Development Plans for Opemiska and ThierryAugust 25, 2025 7:19 AM EDT | Source: XXIX Metal Corp.Highlights:15,000-metre drill program at K1 (Thierry Copper Project) scheduled for Winter 2025 5,000-metre drill program at Cooke (Opemiska) planned for Fall 2025.Preliminary Economic Assessment (PEA) for Opemiska targeted for October 2025, led by Ausenco, the first economic study since the mine's closure in 1991.XXIX is funded for 2025/2026 exploration follo ...

Industry Overview - The global precious metals market was valued at $306.44 billion in 2023 and is projected to exceed $501 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.6% [3] - Demand for gold remains strong as a safe-haven asset, with global central banks increasing purchases for the 13th consecutive year in 2024 [3] - Silver is experiencing growing industrial use, particularly in solar and electronics manufacturing, while platinum and palladium are expected to benefit from the transition towards electrification and green technology [3] PRISM Precious Metals Index - PRISM MarketView launched the PRISM Precious Metals Index to track emerging and established companies in the gold, silver, platinum, and palladium sectors, highlighting firms that drive innovation in mining, refining, recycling, and technology applications [1][4] - The index has returned approximately 83% since January 2, 2024, providing investors with insights into this strategically important sector [4] Company Highlights Vista Gold Corp. - Vista Gold Corp. is advancing its flagship Mt Todd Gold Project in Australia, focusing on disciplined, value-driven development with a streamlined feasibility plan [5] - The company reported $13.2 million in cash and no debt at the end of Q2 2025, with a feasibility study indicating strong economics and stable long-term production [5] Caledonia Mining Corporation - Caledonia Mining Corporation operates primarily in Zimbabwe, with its Blanket Mine showing record production and growth potential [6] - The company reported a 30% increase in revenue to $65 million and a net profit attributable to shareholders of $20.5 million, more than doubling from the previous year [6][7] NioCorp Developments Ltd. - NioCorp Developments Ltd. is advancing the Elk Creek Critical Minerals Project in Nebraska, targeting production of niobium, scandium, and titanium [8] - The company completed Phase I of its drilling campaign ahead of schedule and under budget, which will support its application for up to $800 million in debt financing from the U.S. Export-Import Bank [8]

Core Viewpoint - Canadian North Resources Inc. reported significant advancements in its bio-leaching tests aimed at enhancing the recovery of nickel, cobalt, copper, and PGE from the Ferguson Lake Project, indicating a potential for a low-cost, low-carbon mining operation [2][3][4]. Operational Highlights - The company expanded its bio-metallurgical programs, achieving nickel extraction rates of 97.86-98.5% and cobalt extraction rates of 96.9-97.7%, with ongoing efforts to achieve high recoveries of copper and PGE [4][5]. - The company is actively engaging with local governments and Indigenous communities to secure necessary permissions and permits for environmental baseline studies [5][6]. Financial Performance - For the quarter ended June 30, 2025, the company reported cash and cash equivalents of $143,233 and a net loss of $292,890, equating to $0.00 per share [7]. Project Development - The Ferguson Lake Project is recognized as one of the largest and highest-grade copper-nickel-cobalt-PGE deposits in North America, with a substantial mineral resource estimate [6][10]. - The project contains Indicated Mineral Resources of 66.1 million tonnes, including 1,093 million pounds of copper, 678 million pounds of nickel, and 79.3 million pounds of cobalt, among other valuable metals [10]. Strategic Initiatives - The company has initiated a Normal Course Issuer Bid, repurchasing 202,300 common shares at an average price of $0.98 per share, reflecting management's commitment to enhancing shareholder value [6][11].

Core Viewpoint - The article discusses the current sentiment in the precious metals market, highlighting the impact of U.S. economic indicators and investment strategies from notable investors like Warren Buffett, indicating a potential bullish phase for gold despite recent price corrections [2][25]. Group 1: Market Sentiment and Economic Indicators - Recent U.S. PPI data exceeded market expectations, contributing to a softening of gold prices, while the U.S. clarified that there would be no tariffs on Swiss-processed precious metals [2][23]. - The increase in short positions in precious metals by U.S. futures funds reflects a bearish sentiment in the market [2][25]. - The article notes that despite a decline in gold prices, many financial leaders are entering the gold market, suggesting a consolidation phase in a broader bull market for gold [2][25]. Group 2: Fund Positioning and Market Data - As of August 12, managed net long positions in COMEX gold decreased by 4.7% to 480 tons, marking a continuous net long position for 97 weeks [3][7]. - Silver's managed net long positions fell to 4,394 tons, the lowest in 16 weeks, with a year-to-date price increase of 31.2% [3][7]. - Platinum and palladium markets showed mixed signals, with platinum's net long positions slightly increasing, while palladium remained in a prolonged net short position for 136 weeks [8][11]. Group 3: Investment Strategies and Future Outlook - Warren Buffett's recent investments in homebuilders suggest a belief in declining U.S. interest rates, which could influence the precious metals market positively [2][25]. - The article raises concerns about the Federal Reserve's potential actions if inflation pressures rise again after interest rate cuts, indicating a critical period ahead for monetary policy [26]. - The gold-to-North American mining stock ratio has seen a significant decline, suggesting that mining stocks may lag behind gold prices, which could be a warning sign for investors [20][18].

Core Insights - Canada One Mining Corp. is advancing exploration at the Friday Creek Zone of its Copper Dome Project, leveraging a newly acquired five-year drill permit to enhance mineralization assessment and drill-target definition [3][4][24]. Exploration Highlights - The Friday Creek Zone is characterized as a high-grade copper, gold, platinum, and palladium area, with significant mineralization identified through rock and mobile metal ion (MMI) sampling [6][11]. - Two multi-element features were identified: the first measures approximately 450m by 400m, showing anomalous levels of copper, gold, silver, lead, zinc, and cobalt; the second is smaller at 250m by 110m, with anomalies in copper, gold, molybdenum, and cobalt [7][8][11]. Sampling Results - Rock sampling at the Friday Creek Prospect returned notable values, including a best sample with 10.65% copper, 4.89 g/t gold, and 10.4 g/t palladium; additional samples showed gold values ranging from 0.66 to 4.89 g/t, palladium from 4.6 to 10.5 g/t, and copper from 0.8 to 10.07% [9][11][18]. - The Ilk Showing, located 800 meters south-southeast of the Friday Creek Prospect, has shown promising mineralization with historical samples indicating up to 28.06% copper and 18.5 g/t gold [12][14]. Project Overview - The Copper Dome Project is strategically located adjacent to the producing Copper Mountain Mine, with historical drilling confirming high-grade copper presence [4][24]. - The project benefits from excellent infrastructure, allowing for year-round access and low-cost exploration, which is crucial for resource development [24][25]. Future Plans - Canada One plans to conduct further infill sampling and geophysical work to connect the Friday Creek Prospect with the Norma Showing, potentially creating a strike length of over 1200m [16][17].

Core Viewpoint - The article discusses the recent fluctuations in gold prices due to political statements and potential tariffs, highlighting the impact of U.S. monetary policy and the shift towards digital currencies as a means to sustain financial prosperity [2][25][26]. Group 1: Market Reactions and Price Movements - Trump's announcement of a 39% tariff on Swiss gold bars led to a nearly $100 increase in gold prices, but this was later clarified as a misunderstanding, stabilizing the market [2][25]. - Gold prices experienced volatility with a significant drop followed by a rebound, reflecting market uncertainty regarding geopolitical events and U.S. policy [2][25]. - The gold price has accumulated a 28.9% increase year-to-date as of August 5, while silver prices have risen by 31.0% in the same period [7][10]. Group 2: Fund Positions and Market Sentiment - Managed positions in COMEX gold saw a net long position increase of 13.3% to 503 tons, marking the highest level since September 2019 [3][7]. - In contrast, COMEX silver experienced a 29.8% decrease in net long positions, dropping to 4,762 tons, the lowest in 11 weeks [3][7]. - The article notes that palladium has been in a net short position for 135 weeks, indicating a bearish sentiment in that market [8]. Group 3: Economic Indicators and Future Outlook - The article highlights the potential for U.S. interest rate cuts, with a significant probability of maintaining rates in the upcoming Federal Reserve meeting [23]. - The gold-to-North American mining stock ratio fell by 9.3%, indicating a potential divergence between gold prices and mining stocks, which may signal caution for investors [21]. - The gold-silver ratio, a measure of market sentiment, was reported at 88.673, reflecting ongoing high risk awareness in the market [22]. Group 4: Geopolitical and Policy Implications - The article suggests that U.S. policy changes may be aimed at diverting investment from commodities to digital currencies, which are closely tied to the dollar [26]. - The geopolitical landscape is expected to become more complex, particularly with Trump's focus on resolving the Russia-Ukraine conflict, which may have broader implications for global markets [25][26].

Core Insights - Wheaton Precious Metals Corp. (WPM) reported adjusted earnings per share of 63 cents for Q2 2025, exceeding the Zacks Consensus Estimate of 58 cents, marking a 90.9% year-over-year increase [1][9] - The company achieved record revenues of approximately $503 million, reflecting a 68.3% year-over-year growth, driven by a 32% increase in average realized prices and a 28% rise in gold equivalent ounces (GEOs) sold, surpassing the Zacks Consensus Estimate of $468 million [2][9] Revenue and Production - The average realized gold price in Q2 was $3,318 per ounce, a 40.8% increase from the previous year, while silver prices rose 17% to $34.05 per ounce [3] - Wheaton's gold production reached 91,968 ounces, up from 83,743 ounces year-over-year, with attributable silver production increasing by 7.1% to 5,407 ounces, although palladium production fell by 43.9% to 2,435 ounces [4] - The company sold 157,916 GEOs, a 27.9% increase from the same quarter last year [4] Financial Performance - Total cost of sales rose by 33% year-over-year to around $150 million, while gross profit surged 86.9% to $353 million, resulting in a gross margin of 70.2% compared to 62.3% in the prior year [5] - Average cash costs in Q2 were $470 per GEO, up from $437 in the previous year, with cash operating margin increasing by 37% to $2,717 per GEO sold [6] Balance Sheet and Outlook - At the end of Q2 2025, the company had approximately $1 billion in cash, up from $0.83 billion at the end of 2024, and reported operating cash flow of $415 million compared to $234 million in the prior year [7] - Wheaton reaffirmed its 2025 production outlook, expecting gold production between 350,000 and 390,000 ounces, silver production between 20.5 million and 22.5 million ounces, and other metals production of 12,500 to 13,500 GEOs [8] Stock Performance - Wheaton Precious Metals' shares have increased by 77.7% over the past year, significantly outperforming the industry growth of 15.7% [10]

Financial Data and Key Metrics Changes - Franco Nevada reported record financial results for Q2 2025, with total revenue increasing by 42% to $369.4 million compared to the same quarter in 2024 [21][22] - Adjusted EBITDA also reached a record high, increasing by 65% to $365.7 million from $221.9 million in Q2 2024 [21][22] - Adjusted net income was $238.5 million, or $1.24 per share, reflecting a 65% increase year-over-year [24] - Total GEOs sold increased by 2% to 112,093 compared to 110,264 in Q2 2024, with precious metal GEOs sold rising by 12% to 92,449 [18][21] Business Line Data and Key Metrics Changes - Strong contributions were noted from the Guadalupe and Candelaria operations, alongside recent acquisitions at Yanacocha and West Flint [19][20] - Diversified GEOs sold decreased to 19,644 from 27,914 in the prior year, with diversified revenue slightly lower at $62.7 million compared to $64.6 million [21] - The cash cost per GEO increased to $299 from $264 in the prior year, while the margin per GEO was just shy of $3,000 [25] Market Data and Key Metrics Changes - Average gold prices increased by 40% year-over-year, while silver prices rose by 17% [17] - Prices for platinum and palladium rebounded, while iron ore and oil prices remained volatile and lower compared to the previous year [17] Company Strategy and Development Direction - The company is focused on adding gold assets and maintaining a diversified portfolio, with a strong emphasis on long-term quality assets [95][98] - Franco Nevada is optimistic about growth opportunities from existing projects and potential new developments, particularly in the U.S. [8][14] - The company plans to continue its strategy of being a financial backer to companies with promising assets, enhancing their valuations and success [40][80] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the resolution of the Cobre Panama situation, viewing it as a significant upside opportunity [31][94] - The company remains well-capitalized with approximately $1.35 billion in available capital, allowing for continued acquisitions [26] - Future guidance remains unchanged, with expectations to achieve total GEOs and precious metals GEOs within the previously set ranges [27][60] Other Important Information - The company acquired a royalty on IAMGOLD's Cote Gold Mine, which is expected to contribute significantly to future revenues [11][12] - Franco Nevada has begun receiving deliveries from Cobre Panama, anticipating approximately 10,000 GEOs in Q3 2025 [28] Q&A Session Summary Question: Why did Franco decide to suspend the arbitration proceeding for Cobre Panama? - Management indicated that the best outcome is to see the mine back in operation, aligning with the government's request to suspend arbitration to find a resolution [31] Question: Will the available capital affect deal sizes in the future? - Management stated that the business continues to generate significant cash flow, allowing for flexibility in deal sizes without constraints [32] Question: What impact will platinum price rebounds have on recent acquisitions? - Management noted that the rebound in platinum prices provides a positive tailwind for operations and improves the economics of extension projects [36] Question: What is the outlook for the Permian asset base? - Management expressed that production levels and drilling activity in the Permian are expected to remain consistent, though slight softening may occur with lower oil prices [52] Question: How much gold inventory remains on the balance sheet? - The company reported having 2,469 gold ounces remaining in inventory as of June [57] Question: What are the financial implications if Cobre Panama remains offline into 2026? - Management clarified that Cobre Panama was not included in guidance, viewing it as a free option with no dependency on its operation [94] Question: What is the strategy regarding potential buybacks of royalty streams? - Management highlighted that significant buyback options exist for assets like Cote and Porcupine, which should be monitored closely [73]

Financial Performance - Revenue increased by 42% from $260.1 million in Q2 2024 to $369.4 million in Q2 2025[16, 17] - Adjusted EBITDA increased by 64.8% from $221.9 million in Q2 2024 to $365.7 million in Q2 2025[16, 17] - Adjusted EBITDA per share increased by 65.2% from $1.15 in Q2 2024 to $1.90 in Q2 2025[17] - Net income increased significantly by 210.8% from $79.5 million in Q2 2024 to $247.1 million in Q2 2025[17] - Adjusted net income increased by 64.6% from $144.9 million to $238.5 million[17] - Adjusted net income per share increased by 65.3% from $0.75 to $1.24[17] - Adjusted EBITDA margin increased from 85.3% to 99.0%, a 16.1% increase[17] Production and Pricing - Gold equivalent ounces (GEOs) sold increased by 1.7% from 110,264 in Q2 2024 to 112,093 in Q2 2025[17] - Average gold price increased by 40.2% from $2,338/oz in Q2 2024 to $3,279/oz in Q2 2025[11, 17, 32] Capital and Liquidity - Available capital as of June 30, 2025, is approximately $1.61 billion[25]