Royal Gold to Sell Versamet Shares and Apply Proceeds to Debt Repayment

https://www.businesswire.com/n…roceeds-to-Debt-Repayment

Discovery Announces Management Appointments

https://ceo.ca/@GlobeNewswire/…gement-appointments-d5038

Queen's Road Capital Announces US$115 Million After-Tax Earnings for Fiscal Year 2025

Hong Kong, Hong Kong--(Newsfile Corp. - November 17, 2025) - Queen's Road Capital Investment Ltd. (TSX: QRC) (the "Company" or...

www.newsfilecorp.com

Queen's Road Capital Investment Ltd. (TSX: QRC) (the "Company" or "QRC") is pleased to announce it has recorded after-tax earnings of US$115 million or C$3.25 per share for the fiscal year ended August 31, 2025, representing a Price-to-Earnings ratio of 2.4x at August 31, 2025.

QRC ended the year with a US$213 million portfolio of convertible debentures as well as US$130+ million of highly liquid equity investments. Today, the convertible debenture portfolio is at US$223 million and earns a coupon of 9.7%, generating approximately US$22 million of annual interest income. The Company also ended the 2025 fiscal year with an all-time high month-end net asset value ("NAV") and a near record low price-to-NAV multiple.

Warren Gilman, Chairman & CEO, stated: "After a record 2025 fiscal year, 2026 is off to a strong start with uranium, copper and gold equities in high demand. Our portfolio's current commodity exposure is approximately 50% uranium, 25% copper and 25% precious metals, a mix which should see further gains for Queen's Road shareholders in the future."

METALLA REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2025 AND PROVIDES ASSET UPDATES, by @newswire

(All dollar amounts are in thousands of United States dollars unless otherwise indicated, except for shares, per ounce, and per share amounts)

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Brett Heath, CEO of Metalla, commented, "The third quarter of 2025 marked a step-change and record quarter for Metalla. We delivered a quarterly record on revenue, cash flow, and Adjusted EBITDA, plus our first quarter of positive net income. Further, following quarter-end, we announced an increase in our NSR to 1.50% on Côté–Gosselin, one of the most significant gold assets in North America. Our pipeline continues to advance with tangible catalysts: rehabilitation underway at La Parrilla, staged expansion plans at La Guitarra, Mitsubishi's strategic investment alongside Hudbay at Copper World, and Castle Mountain's Phase 2 advancing under the FAST-41 framework. We believe these developments position Metalla for sustained long-term growth and compounding cash flow as our assets move through development and into production."

COMPANY HIGHLIGHTS

Key Company highlights for the three months ended September 30, 2025, and subsequent period include:

• For the three months ended September 30, 2025, the Company had a record operating and financial quarter. In particular revenue of $4.0 million, cash flow from operations before working capital adjustments of $2.6 million⁽¹⁾, and Adjusted EBITDA of $2.9 million (see Non-IFRS Financial Measures), all represent quarterly records. The Company also had net income of $0.6 million, representing the first quarter in its history of positive net income;

• On October 31, 2025, the Company completed the acquisition of a further 0.15% interest in a Net Smelter Returns ("NSR") royalty on a portion of the Côté gold mine and all of the Gosselin project, owned by IAMGOLD Corporation ("IAMGOLD") and Sumitomo Metals Mining Co., Ltd., for C$3.4 million, bringing Metalla's total ownership on the Côté-Gosselin NSR royalty to 1.50%;
• On October 21, 2025, Silver Storm Mining Ltd. ("Silver Storm") reported that rehabilitation activities had restarted at the previously operating La Parrilla mine complex, with engineers engaged and mobilized, long-lead items ordered for the sulphide circuit expansion to 1,250 tpd, and SRK Consulting retained to review the restart plan, targeting a potential restart of operations as early as the second quarter of 2026;
• On September 8, 2025, Sierra Madre Gold & Silver Ltd. ("Sierra Madre") outlined a two-stage expansion at La Guitarra, increasing nameplate processing capacity from 500 tpd to approximately 750-800 tpd by Q2 2026. Sierra Madre then intends to increase capacity to approximately 1,200-1,500 tpd by Q3 2027 through the construction of a new dry-stack tailing facility and a secondary crushing circuit;
• On August 13, 2025, Hudbay Minerals Inc. ("Hudbay") announced a $600 million strategic investment from Mitsubishi Corporation ("Mitsubishi") for a 30% joint venture interest in Copper World. The contribution from Mitsubishi will consist of $420 million upon closing and a $180 million matching contribution payable no later than 18 months following the closing. Mitsubishi will contribute 30% of the ongoing costs beginning August 31, 2025, and will participate in the funding of the definitive feasibility study as well as the final project design, project financing, and project construction for Copper World; and
• On August 11, 2025, Equinox Gold Corp. ("Equinox") announced that its Castle Mountain Mine Phase 2 Project ("Castle Mountain") has been accepted into the FAST-41 program ("FAST-41"). FAST-41 is a U.S. federal permitting framework designed to streamline environmental reviews, improve interagency coordination, and increase transparency. Acceptance into the program is expected to enhance regulatory certainty through a defined permitting schedule that may reflect reduced permitting timelines. Based on the permitting timeline posted to the FAST-41 project dashboard on August 8, 2025, the federal permitting process should be completed in December 2026.

Freehold Royalties Announces Third Quarter 2025 Results

Third Quarter Highlights

• $74 million in revenue;
• $59 million in funds from operations ($0.36/share) ⁽¹⁾⁽²⁾;
• $44 million in dividends paid ($0.27/share)⁽³⁾;
• 16,054 boe/d⁽⁴⁾ of total production, a 10% increase from the third quarter of 2024;
• 10,477 bbls/d of total crude oil and natural gas liquids production, a 12% increase from the third quarter 2024;
• 65% liquids weighting, an increase from 64% in the third quarter of 2024;
• Gross drilling of 282 wells, comprised of 83 wells in Canada and 199 in the U.S. similar levels to the third quarter 2024;
• Continued active leasing program with 34 new leases signed (27 in Canada; 7 in the U.S.) contributing revenue of $1.7 million and $7.6 million for the first three quarters of 2025; and
• $48.92/boe average realized price ($56.54/boe in the U.S. and $42.44/boe in Canada);
  • A 33% pricing premium on Freehold’s U.S. production reflecting higher liquids weighting, higher quality crude oil and reduced transportation costs.

  
  

Freehold Royalties Announces Third Quarter 2025 Results, by @GlobeNewswire

CALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces third quarter results for the…

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TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced today that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by Triple Flag to renew its normal course issuer bid (the “NCIB”).

Under the NCIB, Triple Flag is authorized to purchase up to 10,328,075 of its common shares (the “Common Shares”) (out of the 206,561,506 Common Shares issued and outstanding as at November 3, 2025), representing 5% of Triple Flag’s issued and outstanding Common Shares, during the period starting on November 17, 2025 and ending on November 16, 2026.

https://www.businesswire.com/news/home/20251113855185/en/Triple-Flag-Receives-Approval-for-Normal-Course-Issuer-Bid-Renewal

Vox Royalty Announces Q3 2025 Financial Results and Declares Quarterly Dividend

https://feeds.issuerdirect.com…5699175299563&symbol=VOXR

ELEMENTAL ALTUS ANNOUNCES Q3 RESULTS & INCREASED REVENUE GUIDANCE

https://www.newswire.ca/news-r…e-guidance-890810474.html

Financial Highlights

• Royalty revenue of US$6.9 million and adjusted revenue¹ of US$8.2 million, up 70% on Q3 2024
• Record Operating Cash Flow plus Caserones dividends of US$5.0 million, up +78% on Q3 2024
• Attributable Gold Equivalent Ounces¹ ("GEO") of 2,362 ounces, up 22% on Q3 2024 and adjusted EBITDA¹ of US$6.2 million, up 67% on Q2 2024
• Revenue guidance increased for the second time to US$42 million at the midpoint, based on a US$4,000/oz gold price for Q4 2025
• Merger with EMX Royalty Corporation ("EMX") expected to close in November, forming a new mid-tier precious metals focused royalty company

Financial Performance for the 3 and 9 months ended September 30, 2025 and 2024:

Discovery reports 63,154 Ounces of Gold Production, $86.8 Million of free cash flow1 in Q3 2025

November 12, 2025

Cash of $341.5 million at September 30, 2025

Q3 2025 NET EARNINGS AND EPS

• Net earnings of $42.4M ($0.05/share) versus net loss of $3.9M ($0.01/share) in Q3 2024; Adjusted net earnings¹ totaled $61.1 million or $0.08/share.

GOLD PRODUCTION IN Q3 2025

• 63,154 oz produced compared to 50,552 oz in Q2 2025 (from April 16 – June 30).

OPERATING CASH COSTS IN LINE WITH EXPECTATIONS

• Operating cash costs¹ of $1,339/oz sold versus $1,341/oz in Q2 2025.

ATTRACTIVE MARGINS DRIVE PROFITABILITY AND CASH FLOW

• All-in sustaining costs (“AISC”)¹ averaged $1,734/oz sold compared to an average realized gold price¹ of $3,489/oz; Site-level AISC² averaged $1,699/oz sold.

STRONG CASH FLOW FROM GOLD SALES

• Net cash from operating activities of $153.5M; Free cash flow¹ of $86.8M.

SOLID CASH POSITION TO SUPPORT OPERATIONS AND GROWTH PLANS

• Cash at September 30, 2025, totaled $341.5M, with working capital of $224.2 million.

NEW REVOLVING CREDIT FACILITY (“RCF”) PROVIDES INCREASED LIQUIDITY

• New RCF will allow Discovery to borrow up to $250 million, with an accordion feature for an additional $100 million. The agreement is expected to close in Q4 2025.

ENCOURAGING EXPLORATION RESULTS RELEASED SUBSEQUENT TO QUARTER END

• Resource conversion and expansion drilling at Hoyle Pond, Borden and Pamour returns excellent results; Encouraging drill results at Owl Creek confirm potential for significant high-grade mineralization west of Hoyle Pond.

Discovery Silver Corp. | Discovery reports 63,154 Ounces of Gold Production, $86.8 Million of free cash flow1 in Q3 2025

Zijin Metal Company

https://download.website.xin/contents/sitefiles3609/18046425/files/157397..pdf?response-content-disposition=inline%3Bfilename%3DZijinmetal_Presentation_July_2025.pdf&auth_key=1762944621-03caba5c494a4a22911a34d0a74d4e0c-0-b315acc3b93fce05d9eeea9a115b1e28

Altius Reports Q3 2025 Attributable Royalty Revenue of $21.4M and Adjusted Earnings⁽¹⁾ of $7.7M

https://www.businesswire.com/news/home/20251111577908/en/Altius-Reports-Q3-2025-Attributable-Royalty-Revenue-of-%2421.4M-and-Adjusted-Earnings1-of-%247.7M

Summit Royalties Announces Appointment of Jerrold Annett as Chairman; Trading to Commence on Venture Exchange; Other Corporate Updates

TORONTO, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Summit Royalties Ltd. (TSXV: SUM) (the "Corporation" or "Summit Royalties") is pleased to announce corporate updates in connection with the recently completed go-public transaction by way of a reverse takeover (the "RTO").

Commencement of Trading on the TSX Venture Exchange

In connection with the closing of the RTO and further to its news release on November 5, 2025 (titled "Summit Royalties Completes Go-Public Transaction"), the common shares of the Corporation (the "Common Shares") are scheduled to commence trading on the TSX Venture Exchange (the "Exchange") at market open on Monday, November 10, 2025, under the symbol "SUM".

Summit Royalties Announces Appointment of Jerrold Annett as Chairman; Trading to Commence on Venture Exchange; Other Corporate Updates, by @GlobeNewswire

TORONTO, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Summit Royalties Ltd. (TSXV: SUM) (the "Corporation" or "Summit Royalties") is pleased to…

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