Centerra Gold (NYSE:CGAU) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Company ParticipantsLisa Wilkinson - VP of Investor Relations and Corporate CommunicationsDave Hendriks - COOBrian MacArthur - Managing DirectorFrederic Bolton - Senior AssociatePaul Tomory - President and CEORyan Snyder - CFOConference Call ParticipantsLuke Bertozzi - AnalystSteven Green - Senior Analyst of Gold and Precious MetalsDon DeMarco - Precious Metals Equity Research AnalystOperatorThank you for standing by. This is the c ...

Centerra Gold (NYSE:CGAU) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Speaker2Thank you for standing by. This is the conference operator. Welcome to the Centerra Gold third quarter 2025 conference call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press Star then one on your telephone keypad. Should you need assistance during the conference call ...

New Gold (NYSEAM:NGD) Q3 2025 Earnings Call October 29, 2025 08:30 AM ET Company ParticipantsJeff LaMarsh - General ManagerKeith Murphy - CFOJeremy Hoy - VP of Equity ResearchAnita Soni - Precious and Base Metals ResearchAnkit Shah - EVP and Chief Strategy OfficerTravis Murphy - VP of OperationsPatrick Godin - President and CEOJean-François Ravenelle - VP of GeologyConference Call ParticipantsMohamed Sidibé - Equity Research AnalystEric Winmill - Mining Equity Research AnalystOperatorGood morning, my name i ...

Q3-2025 Net Income of $6.7 million, EBITDA1 of $18.7 million and Free Cash Flow to Equity1 of $11.1 millionFull Debt Repayment Achieved in October 2025Quarterly dividend Increased by 33%Quarterly Dividend of Cdn$0.04 Declared VANCOUVER, British Columbia, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Amerigo Resources Ltd. (TSX: ARG; OTCQX: ARREF) (“Amerigo” or the “Company”) is pleased to announce a strong financial performance for the three months ended September 30, 2025 (“Q3-2025”) and the full repayment of corporat ...

公司战略与项目组合 - Tribeca Resources通过签署为期5年的期权协议，获得收购智利北部10,000公顷Jiguata斑岩铜矿项目100%权益的权利 [1] - 公司计划在未来12个月内保持高活跃度，计划在其基石项目La Higuera和Jiguata项目进行钻探，三个高潜力智利铜项目组合使公司能够利用市场对优质铜勘探项目日益增长的兴趣 [2] - Jiguata项目的推进将与公司另外两个现有项目La Higuera和Chiricuto并行开展，这两个项目均位于智利海岸铁氧化物铜金矿带 [2] Jiguata项目期权协议细节 - 协议签署时公司已支付25,000美元，并将报销项目卖方已支付的约44,000美元2025年许可费 [2] - 协议规定公司在5年内需分期支付现金对价，并在前24个月内完成至少3,000米钻探（最小孔深500米）以维持收购期权 [2] - 若公司行使其唯一决定权下的收购期权，总对价将包括第五年末支付的14,450,000美元，项目卖方将保留2.0%的净冶炼厂收益权利金，公司有权以2,000万美元回购全部权利金 [4] Jiguata项目地质与勘探潜力 - 项目位于智利北部始新世-渐新世成矿带的北延部分，该带孕育了Collahuasi、Chuquicamata和Escondida等巨型矿床 [5] - 项目区包含一个大型高级泥化蚀变带（面积25平方公里），位于火山凝灰岩单元中，上覆有未蚀变的中新世英安质火山岩薄覆盖层 [6] - 土壤采样、历史钻探、地质填图和地球物理工作圈定出一个5公里 x 3公里的大型勘探靶区，存在两个独立的近钻探准备靶区 [3] 近期运营与融资活动 - 继上周成功完成融资后，公司正准备在未来几周内启动Jiguata项目的野外工作 [2] - Jiguata项目的钻前活动将与公司旗舰项目La Higuera的进一步钻探同时进行 [3] - 在与非经纪私募配售相关的发现者费用方面，公司共支付约252,411加元并发行了1,201,957份发现者认股权证 [11]

Gladiator Continues to Deliver Near-Surface High-Grade Copper-Gold Intercepts at Cowley Park with 14m @ 2.36% Copper and 2.78 g/t GoldOctober 29, 2025 7:00 AM EDT | Source: Gladiator Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - October 29, 2025) - Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("Gladiator" or the "Company") is pleased to announce the receipt of additional assay results from its ongoing phase 2 drilling program at Cowley Park. These results pertain ...

好的，这是对提供的铜行业和上市公司研究纪要的详细总结 涉及的行业与公司 * 纪要核心关注**金属与采矿行业**，特别是**铜行业** [1] * 覆盖的具体公司包括：**Capstone Copper (CS)** [2]、**Ero Copper (ERO)** [2]、**First Quantum Minerals (FQM)** [2]、**HudBay Minerals (HBM)** [2]、**Southern Copper (SCCO)** [2]、**Grupo Mexico (GMEXICO)** [2] 核心观点与论据 行业整体动态与价格展望 * 铜价和铜业股票在年内大幅上涨，铜业ETF (COPX) 年内上涨**58%**，LME铜价年内上涨**26%** [1][33] * 上涨驱动力包括：供应中断（如Grasberg、Kakula、El Teniente矿）、中国需求韧性、美元走弱以及对美联储降息的预期 [1] * 高盛大宗商品团队预计全球铜市场在2025/26年将出现小幅过剩（分别为**215kt**和**180kt**），预计在本十年末前不会出现赤字 [34][36] * 对2026/27年LME铜价的预测区间为 **$10,000-$11,000/吨**，COMEX-LME套利可能带来暂时的上行风险 [42][44][45] 公司投资评级与偏好 * 尽管板块上涨后选择性更强，但仍看好**First Quantum**、**HudBay Minerals**和**Ero Copper**的买入评级，认为风险回报有吸引力 [2] * 认为**Grupo Mexico**风险回报趋于平衡，维持中性评级 [2] * 对**Capstone Copper**维持中性评级，因其股价已从4月低点翻倍，上行空间有限 [2] * 维持对**Southern Copper**的卖出评级，因其估值过高（2026年EV/EBITDA相对同行有约**150%**的溢价） [2] 估值方法更新 * 将铜业公司的估值方法从单一的DCF模型统一调整为**DCF与EV/EBITDA的50/50混合模型** [3] * 所使用的EV/EBITDA倍数为其5年历史平均值**加1个标准差**，并基于2026-27年的EBITDA预测 [3] 个股对铜价的敏感性（贝塔系数） * **First Quantum** 对铜价的绝对贝塔系数最高 (**1.82**)，但R²较低 (**0.28**)，表明其股价受自身特殊因素影响更大 [11][18] * **Capstone Copper** 的贝塔系数为 **1.76**，R²为 **0.37**，是覆盖范围内对铜价杠杆效应最高且股价变动由铜价解释程度较高的公司 [11][18] * **Southern Copper** 的贝塔系数接近 **1** (0.98)，R²为 **0.32**，其股价最紧密地跟随商品价格变动 [11][18] * **Grupo Mexico** 的贝塔系数 (**0.82**) 和R² (**0.19**) 均为最低，因其业务更多元化（基础设施、运输） [11][18] 其他重要内容 三季度业绩预览与预测调整 * 提供了对各公司3Q25的EBITDA、产量、成本等关键指标的详细预测 [51][52][55][56][57][59][60][62][64][65][66][68] * 基于更新的价格假设和运营情况，调整了多家公司2025-2027年的EBITDA预测 [52][56][59][62][65][68][70] * 相应上调了所有覆盖公司的目标价（PT） [53][56][59][62][65][69][70] 关键风险提示 * 为每家覆盖公司列出了具体的上行和下行风险 [86][87][89][91][94][95][98][101] * 共同风险包括：铜价波动、项目执行延误、成本超支、地缘政治与社会动荡、特定国家的监管环境等 [86][89][91][95][98] 1倍NAV隐含铜价 * 图表显示了在当前股价下，市场为各公司资产净值（NAV）所隐含的铜价，平均约为 **$10,362/吨** [10]

Final trade time. Tim >> Southern Copper. Copper is going higher.>> Finally, >> I tend to agree. Real >> Dan. >> Tim's PayPal.What do you say. Can't hurt you. Can't hurt you.No. >> Well, I said bye. >> Neither can Evan Brown, who we now totally.>> Uh, I think New Mining is turning again. Melms. >> All right.Thank you for watching Fast. See you back here tomorrow 5. Mad Money starts right now. ...

(In United States dollars, except where noted otherwise)TORONTO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the "Company”) (TSX: FM) today reports results for the three and nine months ended September 30, 2025 (“Q3 2025” or the "third quarter") of net loss attributable to shareholders of the Company of $48 million ($0.06 loss per share) and adjusted loss1 of $16 million ($0.02 adjusted loss per share2) for the third quarter. “During the quarter, we made meaningful prog ...

HIGHLIGHTSApplications submitted for four thousand hectares of exploration concessions adjacent to Cucho providing access to additional exploration acreage.The expanded land package positions Solis Minerals immediately adjacent to Fortescue's copper exploration ground to the north-east, with Element 29 and Vale progressing advanced copper projects in the district.Solis Minerals is rapidly progressing permitting and drill planning for Cucho.Period of high drilling activity for Solis Minerals across Ilo Este ...