GoldDiscovery

B2Gold Corp. Q3 Results ◾ Total gold production in Q3: 180,553 ounces—Fekola production impacted by delays and weather. ◾ Cash operating cost per ounce: Consolidated at $1,061, in line with guidance. ◾ All-in sustaining costs (AISC): $1,650 per ounce in Q3, but YTD AISC is below revised guidance at $1,405. ◾ Net loss and adjusted net income: Net loss of $0.48 per share, mainly from Goose Project impairment. Adjusted net income at $0.02 per share. ◾ Operating cash flow: $118 million generated before working capital adjustments in Q3. ◾ Cash position: $431 million in cash, with $419 million in working capital as of September 30. ◾ Q4 dividend: $0.04 per share, totaling $0.16 annually, payable on December 12. ◾ Goose Project update: On track for first gold pour in Q2 2025, construction progressing as planned. ◾ MOU with Mali: Agreement to expedite permits for Fekola Regional and Fekola Underground, with expected production starting in early 2025. ◾ Average gold price realized: $2,483 per ounce in Q3, up from $1,920 in Q3 last year. ◾ Reduced mining rates: Equipment issues and weather at Fekola have slowed mining, impacting ore quality. ◾ Capital expenditures: $64 million in Q3, mainly for Fekola underground, deferred stripping, and solar expansion. ◾ Solar plant progress: Solar expansion energized in late September; full completion by end of November. ◾ Production guidance: Fekola Complex production expected at low end of 420,000–450,000 ounces for 2024. ◾ DRIP discount: 3% discount applied for Q4 2024 Dividend Reinvestment Plan (DRIP) participants.

Alamos Gold Inc. Q3 Results - Achieved record gold production of 152,000 ounces in Q3, boosted by Magino, Island Gold, and Mulatos District. - Increased 2024 production guidance to 550,000-590,000 ounces, up 13% due to Magino - Mulatos District generated $66.9M free cash flow in Q3, totaling $186.5M year-to-date - PDA project in Mulatos expected to triple mine life, with a 46% after-tax IRR at $1,950/oz. https://lnkd.in/dabXbrBU

Kinross Gold Corporation Q3 Results - Gold production reached 60,145oz; copper at 7.3M lbs, on track for 2024 guidance - Generated $70.9M in free cash flow, $52.5M in operating cash. - Čoka Rakita PFS on track for Q1 2025 completion - Ended Q3 with $658.2M cash and no debt; $150M undrawn credit. - Announced high-grade copper-gold Dumitru Potok and Frasen discoveries.

André Gaumond led Virginia Gold Mines to the landmark Éléonore discovery. Reflecting on the journey in 2012, Gaumond noted that, as of January 2004, he wouldn’t have identified Éléonore as the top candidate for discovery within the portfolio. However, early channel samples (pictured below) ignited an initial surge in Virginia’s share price, which accelerated further with the release of promising drill results. Drilling swiftly confirmed the scale of the discovery, and within just 18 months of the first drill intercept, Goldcorp acquired Virginia Gold Mines.

Are the executives of your stock also shareholders? Rick Rule emphasized long ago that this is crucial!—don’t overlook it.

Centerra Gold Inc. Q3 Results - Gold production hit 93,712 ounces in Q3 2024, with Mount Milligan producing 42,993 oz and Öksüt producing 50,719 oz - Company cash position strong at $604.3M, with total liquidity of $1B including $400M credit facility available - Declared quarterly dividend of C$0.07 per share; bought back 1.74M shares for $12M in Q3 - Q3 net earnings were $28.8M ($0.14/share); adjusted net earnings were $38.6M ($0.19/share) - Gold sold at average price of $2,206/oz; copper at $3.37/lb. Gold & copper sales up 16% & 21% vs Q2 - Mount Milligan mine life extended by 2 years through Royal Gold agreement, with potential for further extensions - Thompson Creek mine restart announced with NPV of $472M, targeting production restart in H2 2027 - Company on track to meet 2024 guidance of 370-410K oz gold and 55-65M lbs copper production https://lnkd.in/e7w7b2pc

Agnico Eagle Mines Limited Q3 Results - Standout quarter from Agnico Eagle. With gold prices hovering near $2,500/oz, their production hit 863k ounces. - 1.08B in operating cash flow - using it wisely. Paying down $375M in debt while building a $977M cash position - Production was reliable across their key assets, particularly in Nunavut and at Macassa/Fosterville. - However, costs ticked up to $1,286/oz AISC - The development work at Detour Lake and Odyssey looks promising, with some solid drill results. That's their 4th consecutive record quarter in a nutshell

Today, 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞100.𝐜𝐨𝐦 expanded its market intelligence coverage by adding real-time private placement data to its platform. - Collective Mining secured strategic backing - investor exercising rights for 9.99% stake via C$35M offering at C$5.00/share - GoldShore Resources (led by Brian Paes Braga) locked in C$13.9M through private placement - Rio2 Limited crushed it - completed C$63M public offering at C$0.65/share plus C$5M from Wheaton Precious Metals, total package hitting US$170M for Fenix Gold construction - Fenix Gold project now fully funded for construction through to production Agnico Eagle Mines Limited enters copper - grabs 13% of ATEX Resources for C$55M at C$1.63/unit (15% premium). ATEX shares responded strongly - hit 52-week high at C$1.70, market cap now C$355M La Mancha exercised its anti-dilution right in Elemental Altus Royalties private placement, subscribing for 16,141,940 shares at C$1.10 each, providing C$17.7 million to maintain its ownership stake post-royalty acquisition. https://lnkd.in/eDYbmV9u

Billionaire Frank Giustra's take on Gold & Silver and Junior Miners 𝗚𝗼𝗹𝗱 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝗳𝗶𝗮𝘁 - All fiat currencies vulnerable due to overprinting; gold remains true value measure. - Canada has little gold reserves, sold most 20+ years ago. - Strongly linked to U.S. system, relying on swap agreements. 𝗥𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗺𝗶𝘀𝘀𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝗷𝘂𝗻𝗶𝗼𝗿 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 - After banks bought brokerage houses, retail investors left the sector. - Too many companies; poor returns; high G&A costs. - Need for consolidation, directing more funds to actual exploration. 𝗦𝗶𝗹𝘃𝗲𝗿 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 - Tends to follow gold, but can outperform due to higher volatility. - Historical importance spans from ancient Greece to China. - Silver enthusiasts could drive prices higher in the next metals bull market. 𝗚𝗼𝗹𝗱 𝗺𝗮𝗿𝗸𝗲𝘁 𝗺𝗼𝗻𝗲𝘆 𝗱𝗿𝗮𝗶𝗻 - Despite high gold prices, mining hasn't seen major capital inflows. - Investors chasing hot sectors (tech, crypto) over undervalued resources. - ESG standards making mining look "dirty," affecting investment interest. 𝗠𝗶𝗻𝗶𝗻𝗴 𝗺𝗼𝗻𝗲𝘆 𝗴𝗮𝗽 - Juniors lacking financial support; potential asset dilution risk. - Buyers' market for mining assets; projects being bought at steep discounts. - Deals done for far less than former valuations (e.g., West Red Lake, Argentina projects). 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗿𝗶𝘀𝗸𝘀 𝘃𝘀. 𝗴𝗼𝗹𝗱 - Bitcoin speculative; meanwhile, central banks accumulating gold. - Govts may clamp down if Bitcoin threatens fiat stability. - Gold's long history as value store makes it safer in crises. 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗴𝗼𝗹𝗱 - Wall Street skeptical, but big players still hold significant gold. - Wise to follow what institutions quietly accumulate (like gold). 𝗨.𝗦. 𝗱𝗲𝗯𝘁 𝗿𝗶𝘀𝗶𝗻𝗴 𝘁𝗼 𝗮 𝗰𝗹𝗶𝗳𝗳 - Debt up $2T/yr, nearing a fiscal cliff. - China, Saudi Arabia selling off U.S. treasuries. - Fed will have to buy when others stop; QE will be massive next time.

𝗣𝗶𝗲𝗿𝗿𝗲 𝗟𝗮𝘀𝘀𝗼𝗻𝗱𝗲 & 𝗥𝗼𝗯 𝗠𝗰𝗘𝘄𝗲𝗻 𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗶𝘁 𝗿𝗲𝗮𝗹 𝗼𝗻 𝗺𝗶𝗻𝗶𝗻𝗴 @ RedCloud YouTube: https://t.ly/7vbA_ - Permitting is way too slow. Takes 5-10 yrs just to get a permit. - Junior miners can't survive that long. Projects just die off. - Canada sold out its mining giants. Inco, Alcan, Noranda… all foreign-owned now. Lost the head offices, jobs, R&D. - What’s left? Agnico Eagle Mines Limited & Teck Resources Limited… a shadow of the past. - Pension funds barely invest in Canada. Only 2% of $2.5 trillion goes into local companies. Meanwhile, Aussie pension funds put 25% back home. - See the problem? - Gold's had insane runs before. Late 70s, it skyrocketed. Junior miners made 2,000%+ gains. Big gains possible if history repeats. - Bank of Canada has zero gold reserves. Yep, the only G7 country with none. - - They sold it in the 80s for $450/oz. Doubt they’ll buy it back now. - Gold price? They say it's going up no matter who's in power. Debt & deficits will see to that. Wake up Canada, don’t let the next big opportunity slip by. 🚀