Podcasts about adjusted ebitda

Play Episode Listen Later Sep 11, 2026 25:42

Paul McKinney, Chairman and CEO, and Sonu Johl, EVP and CFO of Ring Energy, Inc. (NYSE American: REI), join us to review their Q2 2026 operations and financials, of oil production from their current portfolio of conventional and long horizontal wells and focused on growth through development within the Central Basin of the Permian Basin in Texas. Q2 2026 HIGHLIGHTS: Strengthened Financial Position Reported net income of $64.8 million (included a $42.2 million unrealized mark-to-market gain on commodity derivative contracts), or $0.27 per diluted share, and Adjusted Net Income of $24.0 million, or $0.10 per diluted share; Reduced borrowings under the Company's revolving credit facility by $66 million during the quarter and increased liquidity to approximately $226.1 million at June 30, 2026; Increased Adjusted EBITDA 42% to $54.5 million from $38.3 million in the first quarter; year-to-date Adjusted EBITDA totaled $92.8 million; and Generated net cash provided by operating activities of $40.8 million and remained cash flow positive for over 6 consecutive years. Continued Operational and All-In Cash Cost Improvements Produced 12,683 barrels of oil per day and 19,990 barrels of oil equivalent (“Boe”) per day, both within guidance; Reported lease operating expense of $10.12 per Boe, near the low end of guidance and below first quarter levels; and Reduced Company all-in-cash costs by 5% in first half 2026 to $21.68 per Boe as compared to first half 2025. Advanced Development and Infrastructure Initiatives Invested approximately $43.2 million in capital expenditures during the quarter, including three ~2-mile horizontal wells drilled, one saltwater disposal well (“SWD”), a frac pond, and other infrastructure projects; and Continued execution of multiple technical and operational initiatives aimed at improving capital efficiency, expanding development opportunities and enhancing long-term stockholder value. Positioned for Improved Returns and Sustainable Growth Second half 2026 oil production guidance range of 13,000 to 13,950 Bopd, with the midpoint approximately 2% above prior guidance. Second half 2026 LOE per Boe guidance range of $10.00 to $10.60, with the midpoint approximately 2% below prior guidance. Initial 2027 guidance targets: Production growth approximately 10% over full-year 2026; LOE per Boe approximately 1% lower than full-year 2026; and Capital expenditures approximately 10% lower than full-year 2026. Click here to follow the latest news from Ring Energy If you have any question for Paul or Sonu regarding Ring Energy, then please email those to us at Fleck@kereport.com or Shad@kereport.com. For more market commentary & interview summaries, subscribe to our Substack reports: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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Luca Mining – Q2 Operations and Financials, Ongoing Exploration and Development Work At The Campo Morado and Tahuehueto Mines

Play Episode Listen Later Sep 10, 2026 17:42

Dan Barnholden, CEO of Luca Mining (TSX.V:LUCA – OTCQX:LUCMF – FSE:TSGA), joins us to review their Q2 2026 operations and financials, ongoing metallurgical studies, and expanded exploration and development work; across both of Luca's producing assets – the Campo Morado and Tahuehueto mines, located in the prolific Sierra Madre mineralized belt in Mexico. Q2 2026 Highlights Strong and consistent quarterly revenue: Revenue increased 47% to $58.4 million compared with $39.7 million in Q2 2025 and remained above the $57.6 million generated in Q1 2026. First-half revenue reached $116.0 million, an increase of 43% over the comparable period of 2025. Q2 revenue included $1.9 million of negative provisional pricing adjustments related to concentrate shipments made in prior periods. Strong profitability continued in Q2: Net earnings were $10.5 million, or $0.04 per share, compared with a net loss of $3.2 million in Q2 2025. Together with the $12.6 million earned in Q1 2026, Luca generated $23.1 million of net earnings in the first six months of 2026, compared with $1.3 million in the first half of 2025. Adjusted EBITDA increased 156% year-over-year to $14.3 million for Q2 and for the first six months of 2026, Adjusted EBITDA reached $36.7 million. Positive free cash flow while continuing significant investment: Operating cash flow before working capital changes was $13.9 million during Q2 2026. After approximately $11.3 million of capital investment, the Company generated free cash flow before working capital changes of $2.6 million, compared with negative $3.2 million in Q2 2025. The quarter's capital investment included continued spending on underground development, infrastructure and record levels of exploration activity. Tahuehueto had a solid production quarter, where prior investments in the processing plant and underground development, combined with the transition to new mining contractor, La Cantera, contributed to improved operating performance. There will be a coming resource estimate and technical report on increasing the plant throughput out by year-end. At Campo Morado, previously announced efforts to build a stockpile resulted in a quarter-over-quarter increase in mined tonnes while milled tonnes decreased. This temporarily reduced metal production and cash generation relative to the level of mining activity during the quarter. The stockpile was established to provide greater flexibility in managing mill feed as the Company advances optimization initiatives aimed at improving metallurgical recoveries in the near term, ahead of the anticipated recovery improvements from the Campo Morado Expansion. Dan outlined that the Campo Morado Expansion technical study, due out in H2 2026, would be comprised of: Building up the stockpile to blend the ore into the mill improving recoveries the potential for water treatment to reduce acidity trade-off studies on a finer grind size to improve precious metals recoveries During the second quarter of 2026, the Company completed approximately 12,400 metres of drilling, a Luca quarterly record, taking the year-to-date drilled meters to ~ 22,000. Exploration activities were primarily focused on near-mine and resource expansion targets, achieving the objectives of extending mine life and improving production flexibility at the Company's operating assets. There are 38 nearby targets around Campo Morado, identified by gravity surveys, that will start being systematically explored in the quarters to come. Click here to follow the latest news from Luca Mining If you have any question for Dan regarding Luca Mining, then please email those into us at Fleck@kereport.com or Shad@kereport.com. In full disclosure Shad is a shareholder of Luca Mining at the time of this recording and may choose to buy or sell shares at any time. For more market commentary & interview summaries, subscribe to our Substack reports: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Guanajuato Silver - Q2 2026 Financials, Operations, Development, and Exploration Across All 5 Mines

Elevator Pitches, Company Presentations & Financial Results from Publicly Listed European Companies

Play Episode Listen Later Sep 9, 2026 27:20

James Anderson, Chairman & CEO of Guanajuato Silver (TSX.V: GSVR) (OTCQX: GSVRF), joins us for a comprehensive update on Q2 2026 financials, year-to-date operations trends, the 16,000 meters of underground development work underway, and the key initiatives for their ongoing 75,000 meter drill program at each mine. Guanajuato Silver produces silver and gold concentrates from the El Cubo Mine Complex, Valenciana Mines Complex, the San Ignacio mine, and their recently acquired Bolanitos Gold-Silver Mine. In addition, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. In addition to these 5 producing mines, the Company also has 3 past-producing exploration and development projects in their portfolio at the El Horcon Mine, Pinguico Mine, and Cebada Mine. Q2 2026 Highlights Revenue of $42.5M was consistent with the previous quarter, where revenue totalled $43.0M. Over 95% of revenue in Q2 was derived from the sale of precious metals. Net income remained positive in Q2 at $557,000; and $6.3M for the first half of 2026. This was the Company's second consecutive quarter of net positive income. Silver production of 347,481 ounces represents a 2% increase over the previous quarter. 57% of revenue for Q2 was generated from silver sales. The gold-rich Bolanitos Mine remains in the process of ramp-up and full integration. The Company's debt was substantially reduced in Q2; a total of 3,029 ounces of gold were paid down on the Company's gold loan with Ocean Partners UK Ltd; this accelerated repayment eliminated all future monthly payments at a significant discount to the current gold price. The Company now has only one final payment due in April 2028. Positive mine operating income for the quarter; the Company earned $9.1M in Q2 and $23.4M from operations for the first half of the year. Adjusted EBITDA* was also positive for the quarter at $5.8M and $20.6M for H1 2026. 300 ounces of gold sales per month were hedged at the fixed price of $5220/ounce; this hedge began at the beginning of the quarter and will run until December 2026. This hedge represents approximately 25% of current gold production. 20,000 ounces of silver sales per month were sold forward at the fixed price of $84.50/ounce; this hedge began in February and will run until September 2026. An additional 20,000 ounces of silver sales per month were hedged using a collar with a minimum price of $80/ounce and maximum price of $93 per ounce; this hedge began in April and will run until December 2026. Combined, these hedges represent approximately 34% of current silver production. Cash, cash equivalents, and short-term investments totaled $19.9M at the end of the quarter. We reviewed how the All-In Sustaining Costs were affected not just by currency fluctuations and a large investment back into the 5 mines, but also due to shifts in the gold:silver ratio, and how that skews the silver equivalent metrics. James outlines the key ongoing 2026 initiatives with the ongoing 16,000 meters of underground development work paired with the 75,000-meter drill program, currently utilizing 8 drill rigs to augment exploration initiatives. This is largest exploration program the company has ever deployed, with some areas getting the first meaningful resource expansion in many years. If you have any follow up questions for James on Guanajuato Silver, then please email them into me at Shad@kereport.com. In full disclosure, Shad is a shareholder of Guanajuato Silver at the time of this recording, and may choose to buy or sell shares at any time. Click here to follow the latest news from Guanajuato Silver For more market commentary & interview summaries, subscribe to our Substack reports: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

eDreams ODIGEO Financial Results Q1 2027 | Prime Growth & Global Expansion

Play Episode Listen Later Sep 8, 2026 11:31

eDreams ODIGEO Q1 FY2027 Financial Results PresentationIn this Financial Results presentation on seat11a, Christoph Dieterle, CFO of eDreams ODIGEO, presents the company's Q1 FY2027 Financial Results and discusses Prime subscriber growth, international and product expansion, profitability, cash generation and the company's long-term growth strategy.Prime Subscriber Growth and Q1 FY2027 PerformanceeDreams ODIGEO started FY2027 with performance ahead of market estimates, while simultaneously entering the peak investment year of its multi-year strategic roadmap. Prime added 173,000 net subscribers during the quarter, taking total membership to 8.1 million, an increase of 8% year-on-year. The company remains on track to reach its FY2027 target of 8.5 million Prime members.Prime Subscription Business as the Economic CorePrime has become the economic core of eDreams ODIGEO. The subscription business now generates approximately 90% of Cash Marginal Profit and 77% of revenue, with Prime revenue reaching €128.4 million during the quarter. Total Revenue Margin amounted to €165.5 million.International Expansion and Product DiversificationThe company is increasingly diversifying beyond its traditional European flight business. Revenue from markets outside eDreams ODIGEO's core European base increased 5% and now represents 27% of total revenue, up from 24% a year earlier. Product diversification is also progressing, with rail already accounting for a double-digit share of new Prime members in Spain, the company's most advanced rail market.Adjusted EBITDA, Cash EBITDA and Strategic InvestmentsFinancial performance during the quarter reflects eDreams ODIGEO's deliberate investment strategy. Adjusted EBITDA was €28.9 million and Cash EBITDA €23.0 million, both ahead of market estimates according to the company. The lower year-on-year profitability reflects planned investment in acquiring new members, entering additional geographies and expanding Prime across new travel verticals. Management expects these investments to support significantly higher growth from FY2028 onwards.Cash Generation, Liquidity and Share Buyback ProgrammeThe business continues to generate sufficient cash to finance this expansion internally. Cash and cash equivalents increased to €73.0 million, total liquidity reached €237.1 million, and net financial debt improved year-on-year. At the same time, the company continues its shareholder remuneration programme, with approximately €38 million already repurchased under its €100 million buyback programme.FY2027 Prime Subscriber and EBITDA TargetsFor FY2027, eDreams ODIGEO targets 600,000 net Prime additions, 8.5 million members, €167 million of Adjusted EBITDA before investments and €115 million of Cash EBITDA after investments. Cash EBITDA growth is expected to resume from Q4 FY2027.2030 Strategy for a Global Multi-Product Travel Subscription PlatformThe longer-term ambition is substantially larger. By March 2030, eDreams ODIGEO aims to transform Prime into a truly global, multi-product travel subscription platform with 13 million members and more than €270 million in Cash EBITDA. ..read more on https://seat11a.com/company/edreams-odigeo-financial-results-q1-2026/▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. By using seat11a.com, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

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Sierra Madre Gold and Silver – Q2 Operations and Financial Update At La Guitarra Mining Complex, 60k Meters Of Drilling Between La Guitarra and Del Toro Properties

Play Episode Listen Later Sep 7, 2026 21:12

Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins me to recap the Q2 operations and financial update at the La Guitarra silver-gold mine complex in Mexico, which includes 3 producing mines: La Guitarra, Coloso, and Nazareno. We look ahead to the 2-phase mill expansion and upcoming increased 30,000 meters of drilling planned across the La Guitarra District. Additionally, we discussed the path forward at the recently acquired Del Toro mining complex, and the increased drill program to 30,000+ meters of drilling at the property starting in the second half of this year. Q2 2026 Highlights Revenues: Silver revenues for the quarter totaled $5.0 million ($75.65 per ounce) and gold revenues totaled $4.3 million ($4,529 per ounce). Silver revenues for the quarter ended June 30, 2025 ("Q2 2025"), totaled $2.2 million ($33.36 per ounce) and gold revenues totaled $3.6 million ($3,272 per ounce). Adjusted EBITDA of $3.5 million for the six months ended June 30, 2026 ("H1 2026") compares to $2.6 million for the six months ended June 30, 2025 ("H1 2025"). Gross Profit was $1.58 million for Q2 2026, as compared to $1.69 million for Q2 2025. Cash from Operations: the Company generated $1.89 million of cash from operating activities in H1 2026 as compared to $1.37 million in H1 2025. Cash and Cash Equivalents at June 30, 2026 totaled $22.2 million, with $25.0 million in working capital, compared to $13.2 million and $14.4 million at March 31, 2026, respectively. Daily Production is now reaching up to 672 tonnes per day ("tpd"), a 34% increase over the previous level of 500 tpd. Del Toro Acquisition: Following shareholder approval (April 28, 2026 news release) and Mexican Antitrust approval (announced May 22, 2026), the Company closed the acquisition of a 100% interest in the Del Toro silver mine, as announced on June 22, 2026. With this acquisition, Sierra Madre completed a concurrent financing for gross proceeds of CAD$57.5 million. Geologic mapping and sampling have started at Del Toro with a re-evaluation of surveys underway and drilling expected to start in mid-2027. East District Exploration: Following quarter-end, as released on July 14, 2026, Sierra Madre received approval to start drilling in the East District of the Guitarra complex. Target definition work is underway with drilling bids in hand for a long-hole sub-horizontal drill program planned from the Tlacotal property (a permitted area designated for mining). Drilling is expected to start in H2 2026. First Majestic Loan Repayment: As announced on July 8, 2026, the Company has fully repaid the US$5 million non-revolving, secured term loan with First Majestic Silver. Operational Details Production: Ahead of the Phase I and II expansion plans, Sierra Madre selected a contractor to ramp up production from the higher-grade Coloso and Nazareno mines; contractor operations started mid-June. Sierra Madre miners and equipment are now focused on accelerating production at the Guitarra mine. Costs: The Q2 2026 cash costs were negatively impacted by the ramp up and development work at Coloso and Nazareno, leading to a significant share of production being sourced from development drives and out-of-resource, lower grade mineralization. While adding to top-line revenues, increased commodity prices also add to our cash costs through increased royalty payments and taxes. The strengthening Mexican peso against the US dollar, inflation impacts on inputs, and rising worker pay rates also affected costs. Recoveries: Gold and silver recoveries declined as the ongoing development work opened new mining areas and resulted in a blend of feed from three mining centres. Sierra Madre has built a metallurgical lab at the site to optimize the blending protocol. Power Generation: In Q2 2026, power outages continued due to weather incidents, increasing costs. Sierra Madre acquired a 1,250-kilowatt ("kW") back-up diesel generator for Coloso and Nazareno (installation is underway), plus two 1,500-kW back-up diesel generators for the plant. Installation of the two Guitarra generators was completed mid-August 2026 and are expected to be fully operational in September. Equipment: The transfer of a narrow-profile Muki jumbo drill to the Guitarra mine is expected to support development and production of narrower and higher-grade veins in the San Raphael area and of the Juliet vein. Following quarter end, the rebuild of a 0.5-yard scoop tram has reduced dilution and mining costs for the Juliet vein. Sierra Madre also purchased two haul trucks in April, to replace rental units used in the tailings buttress program and for Coloso haulage, which are expected to lead to cost reductions. Two scoops were also acquired to support increased mining rates with the expansion. Coloso and Nazareno: Mining restarted at the higher-grade Coloso underground mine at the end of Q1 2025 (estimated resource grades at Coloso are significantly higher in both silver and gold compared to the Guitarra mine veins[1]). In September 2025, Sierra Madre also announced the restart of mining at the Nazareno mine. At Coloso, dewatering of the lower levels has been accelerated and production from resource blocks below the existing workings is expected to start in the second half of 2026. Nazareno began full production from long-hole stopes on the 180 level in late April 2026. Expansion Progress As announced on September 8, 2025, the Company has initiated a plan to expand production capacity at Guitarra in a two-phase program with the first phase aimed at increasing the nameplate capacity of the mill from 500 tpd to a range of 750-800 tpd. The second phase is anticipated to be completed by Q3 2027, with the aim of increasing the capacity to a range of 1,200-1,500 tpd at Guitarra. With the larger-than-planned mill purchased for Phase I, additional foundation and electrical work was required - Sierra Madre now anticipates achieving Phase 1 production capacity before the end of Q3 2026. The purchase of this larger mill has moved the completion of this aspect of the Phase II expansion ahead of schedule. Since the end of Q2 2026, foundation work has been completed for the ball mill, support equipment, and building enclosure, with an overhead crane installed. Modifications to the existing mill and the installation of larger capacity pumps resulted in an increased total mill throughput capacity: daily production is now reaching up to 672 tpd, a 34% increase over the previous level of 500 tpd. Refurbishment of the used ball mill, purchased in December 2025, was completed at the end of Q1 2026, increasing its rated milling capacity to 900 tpd. A standard head crusher, purchased in Q4 2025, started full operation in April 2026 (two months ahead of schedule). Together with modifications to the primary crusher, this addition is expected to allow the circuit to surpass the Phase I objective of 750-800 tpd. Thickener tank construction was completed in mid-August 2026, with testing of the mechanical and electrical circuits underway - the thickener is expected to be functional by the end of September. Shipping delays pushed back completion from the original late June 2026 estimate. The thickener is designed to thicken tailings to ±60% solids, allowing a significant portion of the tailings to be pumped directly to open stopes below the main San Raphael mine level, using existing tailings pumping equipment. Sierra Madre has also chosen to proceed with the construction of the new permitted dry stack tailings storage facility. Site clearing is expected to start in October. Construction of a filter plant and a second thickener will also be needed for the Phase II expansion. If you have any questions for Alex regarding Sierra Madre Gold and Silver, then please email them to me at either Shad@kereport.com. In full disclosure, Shad is a shareholder of Sierra Madre Gold and Silver and may choose to buy or sell shares at any time. Click here to follow along with the latest news from Sierra Madre Gold & Silver For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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Elemental Royalty – Q2 Financials Reported Record Quarterly GEOs and Operating Cash Flow, Multiple Years Of Growth Ahead

Play Episode Listen Later Aug 28, 2026 28:07

Fred Bell, President and COO, of Elemental Royalty Corporation (TSX: ELE) (Nasdaq: ELE), joins me to review the key metrics from their record Q2 financials, updates on their key producing and development royalty and streaming assets, and the organic growth profile in front of the company over the next few years. Q2 2026 Financial Highlights Quarterly Revenue of US$23.8 million, the Company's second highest quarterly result, and up 127% over revenue plus attributable share of Caserones in Q2 2025; Record Gold Equivalent Ounces (“GEOs”) of 5,248 for Q2 2026 (3,184 in Q2 2025), and record 10,231 GEOs for H1 2026 (7,790 in H1 2025); Adjusted EBITDA of US$17.4 million, up 99% over adjusted EBITDA in Q2 2025, reflecting increased operating leverage and portfolio performance; Record operating cash flow of US$15.5 million, up 8% over adjusted operating cash flow in the comparative period; Cash and cash equivalents of US$74.2 million as of June 30, 2026, together with the Company's undrawn credit facility, provide significant financial flexibility to support continued growth; On track to meet GEO and revenue guidance of 17,000-21,000 GEOs for 2026, driven by significant contributions from Karlawinda, Bonikro, Timok, and Caserones. Fred highlighted again that Q2 will be their second quarter with their new dividend policy, which provides investors the option of being paid in either cash or Tether Gold tokens, (which are backed by physical gold). This leads into a discussion about the corresponding value of having Tether Investments S.A. de C.V as their key stakeholder. We go on to do a rapid-fire review of their key cornerstone gold and copper assets within their royalty portfolio of 18 cash-flowing royalties, 28 advanced development assets, and ~250 total mineral royalties globally; diversified across multiple jurisdictions and across precious metals, critical minerals, and battery metals. Wrapping up we discuss the optionality they have for future accretive transactions with their cash on hand and access to the revolving credit facility. Fred recaps the transformative year that the Company has had over the last 12 months since announcing the merger of Elemental Altus and EMX Royalty, the uplisting to the Nasdaq, the multiple acquisitions made, the handful of generative asset transactions executed on, their large increase in liquidity, and the potential for a valuation rerate as more institutions can now position in the stock and they are now getting added into various indexes. Click to follow the latest news from Elemental Royalty Corp Elemental Royalty Corp – Visual Tour Through The Key Producing and Development Royalty Assets https://youtu.be/241kg_E_bGI To see a comprehensive list of all Elemental Royalty Corp assets: https://www.elementalroyalty.com/our-assets/ If you have any follow up questions for Dave or Fred at Elemental Royalty Corp, then please email those to me at Shad@kereport.com. In full disclosure, Shad is a shareholder of Elemental Royalty Corp at the time of this recording, and may choose to buy or sell shares at any time. For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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Santacruz Silver – Strong Q2 2026 Financials and Operations and Ongoing Growth Initiatives Across Producing and Development Assets

Play Episode Listen Later Aug 25, 2026 25:13

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSX.V: SCZ) (NASDAQ: SCZM) (FSE: 1SZ), joins us for a review of the strong Q2 2026 financial and operational results across their portfolio of 4 producing silver-zinc mines and ore feed sourcing business in Bolivia and Mexico. We also review a few of the key growth initiatives that the company has slated for 2026 across multiple projects. Q2 2026 Highlights Revenues of $113.5 million, a 55% increase year-over-year. Gross profit of $51.1 million, a 102% increase year-over-year. Adjusted EBITDA of $46.7 million, a 74% increase year-over-year. Cash and highly-liquid marketable securities of $72.8 million, an 82% increase year-over-year. Working capital of $86.1 million, a 43% increase year-over-year. Net income of $2.0 million, a 90% decrease year-over-year, reflecting the impact of the non-recurring tax event and non-cash CVR revaluation discussed below. Average realized price per silver ounce sold of $72.17, a 118% increase year-over-year. AISC per silver ounce sold of $21.87, a 25% increase year-over-year. Realized mining margin per silver ounce sold of $50.30, a 222% increase year-over-year. Average realized price per zinc tonne sold of $3,302, a 12% increase year-over year. AISC per zinc tonne sold of $2,219, a 46% increase year-over-year. Realized mining margin per zinc tonne sold of $1,083, a 24% decrease year-over-year. We had Arturo unpack for listeners how the net income for the quarter was significantly impacted by two non-recurring tax events associated with changes in Bolivia's exchange rate and inflation assumptions, as well as a non-cash fair value adjustment related to the Glencore contingent value rights (CVRs). He points out that these items obscure the underlying strength of their operating performance this quarter. The largest impact on net income was an unusually high $36.1 million income tax expense caused by two non-recurring events. One event was the result of the revaluation of the Boliviano following the change in the official exchange rate from 6.96 to 9.77 Bolivianos per U.S. dollar, a 40% decrease. The income tax expense was also impacted by a non-recurring taxable gain related to a reduction in their decommissioning and restoration provision, which was driven by forecasted lower inflation over the lives of our mining operations in Bolivia. Additionally, their net income was further affected by a $15.8 million non-cash fair value adjustment to the consideration payable balance arising from the CVRs granted to Glencore. The value of the CVR liability is merely a valuation of the payouts that could occur up to the end of 2032. The payments are only triggered when the month's average LME zinc price exceeds $3,850 per tonne, a threshold that has not been exceeded since the inception of the agreement in 2024. Its important to consider that any payments triggered by higher zinc prices would be accompanied by increased sales revenues from the higher price. Excluding the loss from the change in fair value of the CVR, net income for the quarter would have been $17.8 million.” At Bolivar silver production increased 32% quarter-over-quarter to 343,522 ounces, driven by ongoing recovery efforts in the areas affected by the localized flooding event that occurred in May 2025. San Lucas processed 22% more ore than in the prior quarter. Consolidated zinc production increased 7% to 23,240 tonnes, driven principally by higher throughput, which more than offset lower zinc grades at Bolivar and Porco. Porco delivered higher silver and zinc production, driven by stronger silver grades and improved metal recoveries, while Caballo Blanco continued to make steady, meaningful contributions. At Zimapan, operations rebounded from the temporary constraints experienced during the first quarter, including limited ventilation in the higher-grade zones at Level 960 due to a contractor delay in completing the ventilation Robbins incline shaft, as well as repeated power interruptions caused by the local service provider's maintenance of the power grid. As a result, metal recoveries improved across all four payable metals. There will be the first NI-43-101 compliant maiden resource estimate released in the next month at Zimapan, with the goal to demonstrate the mineral inventory has replenished the ore that has been mined and milled over the last few years, and even grown the resources. Next we transitioned to future growth, where the operations team is advancing their silver-dominant Soracaya mine towards development and near-term production. There is already a decline ramp into this project with initial stope access in 2 areas, and the team has been working on an optimization plan. Once the permit is received in September, the plan is to get the mine into initial ramp-up production by Q4 of 2026. Wrapping up, we discussed the potential for future accretive acquisitions in the Americas, and various other growth drivers on tap that could create the catalysts for a rerating higher, that would be more in alignment with other mid-tier silver producer peers. If you have any follow up questions for Arturo regarding Santacruz Silver, then please email those to us at Fleck@kereport.com or Shad@kereport.com. In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time. Click here to follow the latest news from Santacruz Silver For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

ceo growth mexico development investing investment operations silver americas average wrapping gross assets producing ongoing bolivia santa cruz initiatives robbins executive chairman realized fleck financials shad bolivar excluding elizondo porco consolidated glencore san lucas tsx boliviano cvr lme caballo blanco aisc adjusted ebitda

EnWave narrows EBITDA loss as revenue and royalties grow in Q3 2026

Growing Your Firm | Strategies for Accountants, CPA's, Bookkeepers , and Tax Professionals

Play Episode Listen Later Aug 25, 2026 4:24

EnWave Corporation CEO Brent Charleton joined Steve Darling from Proactive to discuss the company's financial and operational performance for the third quarter ended June 30, 2026, highlighting revenue growth, rising royalty income, improved margins, and several new commercial agreements that continue to expand adoption of its proprietary REV™ dehydration technology. During the quarter, EnWave reported revenue of $3.31 million, an increase of $569,000 compared to the same period last year. The growth was primarily driven by the sale of a large-scale REV™ machine that had been fully fabricated and held in inventory, along with stronger royalty contributions from existing commercial partners. Royalty revenue, excluding exclusivity payments, reached $536,000 during the quarter, representing a 24% increase over the prior-year period. The improvement reflects higher product sales by licensed partners and increased production volumes across EnWave's growing global network of commercial operators. The company also reported stronger profitability metrics. Gross margin improved to 25% compared with 19% in the same quarter of 2025. Management attributed the improvement primarily to lower fabrication costs and a reduced number of large-scale machines under contract during the period. Operating discipline also contributed to improved results. Selling, General and Administrative expenses, including Research and Development costs, declined by $205,000 year-over-year. Lower personnel expenses and reduced third-party commissions more than offset increases in professional development initiatives and industry trade show participation. As a result, EnWave reported an Adjusted EBITDA loss of just $93,000, representing a significant improvement of $482,000 compared to the prior-year quarter. The stronger performance was driven by the equipment sale, growing royalty revenue, and continued cost management efforts. Beyond the financial results, EnWave continued to expand its commercial footprint through several strategic agreements. The company signed an Equipment Purchase Agreement with Procescir S.A. de C.V. for a second 120kW REV™ machine, demonstrating growing demand from existing customers. It also entered into Technology Evaluation and License Option Agreements with Swiss Cannabis Selection AG and one of the world's largest multinational food companies, creating potential pathways for future commercial licensing opportunities. #proactiveinvestors #enwavecorporation #tsxv #enw #REVTechnology #FoodProcessing #DehydrationTechnology #FoodInnovation #AgTech #FoodManufacturing #LatinAmerica #CleanTech #RoyaltyRevenue #FoodProcessing #IndustrialInnovation #AgTech #GrowthStock

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How Firms Are Reaching 7x EBITDA

Play Episode Listen Later Aug 16, 2026 39:13

Is your accounting practice built to scale—or positioned for a high-multiple exit? In this episode of Growing Your Firm, host David Cristello welcomes back Geoff Bruskin, founder and CEO of White Tiger Connections. Geoff pulls back the curtain on the current "white-hot" public accounting M&A market in 2026. From the rise of Fractional COO engagements to 7x+ EBITDA multiples, Jeff breaks down what buyers are looking for and why private equity (PE) plays fail 40% of the time when they ignore the human element of change management. Whether you're an Operations Manager looking to optimize workflow, a Managing Partner eyeing a future exit, or a CPA starting a firm, this episode is packed with real-world deal structures, go-to-market strategies, and tech implementation blueprints. In this episode, we explore: The Fractional COO Model: Why $1M to $20M accounting firms are hiring fractional executive leaders to build infrastructure for scale rather than overpaying for full-time roles. Inside a 7.4x EBITDA Deal: A deep dive into a $2.7M remote, subscription-based micro-platform firm asking $8M. The PE Spectrum (Successes vs. Failures): Why 30–40% of private equity acquisitions fail due to aggressive price hikes, poor software adoption, and staff turnover. The "Solutions Architect" Role: Why every growing practice needs an internal champion to bridge systems like CCH, TaxDome, Carbon, and CRM tools. Offensive vs. Defensive Strategy: How cross-selling Client Advisory Services (CAS) and wealth management can multiply your firm's enterprise value. Agentic AI & Claude CoWork: How modern leaders use AI agents to automate IT mapping, proposal scoping, and client deliverables. Key Deal Benchmarks Mentioned: Average Deal Multiple: 4x to 6x Adjusted EBITDA for traditional practices. Micro-Platform Multiples: Up to 7.4x+ for firms with 100% subscription models and balanced CAS/Tax integration. Solutions Architect Compensation: $60k to $150k annually (domestic or offshore) to eliminate technology friction. Featured Guest: Geoff Bruskin Take control of your practice: Optimize your workflow with Jetpack Workflow: https://bit.ly/4bj4a0H

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Mako Mining – Q2 2026 Production / Financial Results From The San Albino and Moss Mines, Development Pathway For Mt Hamilton and Eagle Mountain

Play Episode Listen Later Aug 15, 2026 36:43

Akiba Leisman, President and CEO of Mako Mining (NASDAQ:MAKO) (TSXV:MKO), joins me for a comprehensive review of all 4 company Projects, on an operational, developmental and exploration perspective. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. Mako owns the Moss Mine, an open pit gold mine in northwestern Arizona, which is ramping up into commercial production. Mako now controls the permitted development-stage Mt. Hamilton Gold-Silver Project located in White Pine County, Nevada, USA. Mako also holds a 100% interest in the development-stage Eagle Mountain Project in Guyana, South America. Q2 2026 Highlights Financial $62.6 million in Revenue $31.7 million in Adjusted EBITDA $25.9 million in Mine OCF ( $13.9 million in Net Income $112.9 million in Cash, Trade Receivables and Marketable Securities $1,996 Cash Cost ($/oz sold) $2,286 AISC ($/oz sold): San Albino $1,535 and Moss Mine $3,708 Return on Equity ("ROE") of 36.6% and Return on Assets ("ROA") of 23.8% Growth $2.9 million in exploration and evaluation expenses ($1.4 million in areas surrounding San Albino, $1.4 million at Eagle Mountain, Guyana and $0.1 million in Mt. Hamilton) The Company currently has a cash and gold-linked securities balance of approximately $112 million, which along with operating cash flow from their two mines, is more than sufficient to fully fund the two remaining development projects, without the need for any external capital. Over the ensuing weeks, the Company plans to unveil its plans for lowering its cost of capital, which could include a pathway for substantial shareholder capital returns. We went on to review all the ongoing exploration work at San Albino, and Akiba outlined the development progress and next steps for growth at the Moss Mine, the permitting update and rough timeline for development at Mt Hamilton, and the permitting progress being made at Eagle Mountain. If you have any further questions for Akiba regarding Mako Mining, then please email them into me at Shad@kereport.com. In full disclosure, Shad is a shareholder of Mako Mining at the time of this recording and may choose to buy or sell more shares at any time. Click here for a summary of the recent news out of Mako Mining. For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

What Is Adjusted EBITDA and Why It Could Make or Break Your Business Sale | Build and Exit Podcast

Build and Exit

Play Episode Listen Later Jul 15, 2026 26:08 Transcription Available

Most business owners go to market expecting a strong valuation and are disappointed. Not because the business is bad. Because the profits they think they have are not the profits a buyer will accept. In this episode Julie Wilkinson breaks down adjusted EBITDA from the ground up, including the accruals concept, how owner pay distorts profits, the pricing flaw hiding in most SME businesses, and why the buyer's first concern is always whether the margin covers replacing you. Watch the full video version on YouTube: https://youtu.be/dlemWCxHAbc

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Bango reports strong first half as recurring revenue and profitability climb

Growing Your Firm | Strategies for Accountants, CPA's, Bookkeepers , and Tax Professionals

Play Episode Listen Later Jul 14, 2026 5:04

Bango Plc. Chief Financial Officer Matt Wilson joined Steve Darling from Proactive to discuss the company's strong first-half performance, highlighting growth in recurring revenue, improving profitability, and confidence in meeting full-year market expectations. Wilson said annual recurring revenue (ARR) increased 31% to $20.4 million for the six months ended June 30, up from $15.6 million a year earlier. Subscription revenue also rose 13% to $12.3 million, while net revenue retention reached 119%, reflecting strong expansion among existing customers. The company generated Cash EBITDA of $3.7 million during the first half, exceeding the $2.3 million delivered during the entire 2025 financial year. Bango now expects Adjusted EBITDA of at least $9 million for the full year, representing a 34% increase over 2025, driven by higher-quality revenue and operational efficiencies. Total revenue is expected to increase 3% to $25.9 million, in line with management guidance. Bango also added six new subscription customers during the period, including three signed contracts and one deal carried over from late 2025. Payments revenue declined 5% to $13.6 million, reflecting the company's planned strategy of restructuring legacy payment routes to prioritize higher-margin, higher-quality revenue. Net debt improved to $8.7 million at the end of June, down from $9.2 million at the end of December. Wilson added that growing adoption of the Bango Digital Vending Machine platform by global brands, financial institutions, and telecommunications companies reinforces management's confidence in the platform's long-term growth potential and the company's strategy of expanding recurring, subscription-based revenue. The company also added to its board with with Darcy Antonellis becoming non-executive chair and Duncan Magrath joining as audit committee chair. #proactiveinvestors #bangoplc #aim #bgo #otcqx #bgopf #DigitalVendingMachine #Fintech #SubscriptionEconomy #RecurringRevenue #Payments #SaaS #Technology #DigitalCommerce #GrowthStocks

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How to Build and Sell a 2M CPA and Law Firm | Mike Payne

Play Episode Listen Later Jul 5, 2026 30:14

Whether you're a CPA starting a firm, an operations manager, or a managing partner looking at succession options, understanding what actually drives firm valuation in today's intense M&A market is critical. In this episode of Growing Your Firm, host David Cristello sits down with Mike Payne, a veteran M&A consultant who has spent nearly two decades facilitating accounting firm mergers, acquisitions, and private equity investments. Mike pulls back the curtain on transactions ranging from $1M to over $100M to explain exactly how buyers evaluate practices and why the traditional metrics you read about are often just hearsay. In this episode, we explore: The Revenue vs. EBITDA Shift: Why the accounting world has fundamentally shifted from gross revenue multiples to Adjusted EBITDA valuations. The Private Equity (PE) Reality: How the massive influx of outside capital is reshaping deal structures, increasing cash at the table, and forcing traditional firms to change. The CAS and Tax Premium: Why a strong Client Accounting Services (CAS) department and recurring, sticky tax revenue can instantly add multiples to your firm's value. The "Airport Test" for Culture: Why early-stage deal-making fails without alignment on culture, leadership, and operational tech stacks. Stress-Testing Internal Succession: Real-world tactical advice for firm owners who want to successfully pass the baton to the next generation of junior partners. The Fiercely Independent Path: Why selling isn't your only choice, and how to build a highly profitable, independent firm by playing defense against consolidation. Key Benchmarks Mentioned: Healthy Profitability: Why 30% to 35% bottom-line profit (pre-owner compensation) is the gold standard benchmark for an attractive firm. Partner Billable Hours: The hidden red flag of high partner-level billable hours that can tank your valuation during due diligence. Featured Guest: Mike Payne

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Sierra Madre Gold and Silver – Q1 Operations and Financial Update At La Guitarra Mining Complex, Phase 1 Plant Expansion, 60k-80k Meters Of Drilling Between La Guitarra and Del Toro Properties

Elevator Pitches, Company Presentations & Financial Results from Publicly Listed European Companies

Play Episode Listen Later Jun 25, 2026 17:35

Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins me to recap the Q1 operations and financial update at their La Guitarra silver-gold mine complex in Mexico, which includes 3 producing mines: La Guitarra, Coloso, and Nazareno. We look ahead to the 2-phase mill expansion and upcoming increased 30,000 meters of drilling planned across the La Guitarra property. Additionally, we discussed the closing of the transaction for the Del Toro mining complex this week, and the increased drill program to 30,000 - 50,000 meters of drilling at the property starting in the second half of this year. Highlights Revenues: Gross silver revenues for the quarter totalled $5.9 million ($85.14 per ounce) and gold revenues totalled $5.1 million ($4,906 per ounce). Silver revenues for the quarter ended March 31, 2025 ("Q1 2025") totalled $2.3 million ($31.13 per ounce) and gold revenues totalled $2.9 million ($2,828 per ounce). Sales: In Q1 2026, the Company sold 69,006 ounces of silver ("Ag") and 1,038 ounces of gold ("Au") or 128,827 silver equivalent ("AgEq") ounces, based on the ratio of silver and gold prices realized for each shipment in the quarter. This compares to 75,137 ounces of Ag and 1,022 ounces of Au or 165,093 AgEq ounces sold in Q1 2025. Cash Costs for the quarter were $42.55 per AgEq ounce produced, as compared to $33.63 per AgEq ounce produced in Q4 2025 and $22.51 in Q1 2025 due to a number of factors including the ramp up of operations at Coloso and Nazareno and inflationary pressures on our input costs, as detailed below. Adjusted EBITDA of $2.8 million for Q1 2026 compares to $1.1 million for Q1 2025. Cash from Operations: the Company generated $3.5 million of cash from operating activities in Q1 2026 as compared to $729 thousand in Q1 2025. Gross Profit was $3.61 million for Q1 2026, as compared to $1.36 million for Q1 2025. Cash and cash equivalents and short-term investments at March 31, 2026 totalled $13.2 million and working capital totalled $14.4 million. Cost Drivers: Ramp-up and development activities at Coloso and Nazareno drove a significant share of the current production from off-book, out-of-resource, lower-grade material, which weighed on unit mining costs. Gold and silver recovery declines stemmed from feed blend optimization across the three mines, further pressuring costs. Coloso and Nazareno: Mining restarted at the higher-grade Coloso underground mine at the end of Q1 2025 (estimated resource grades at Coloso are significantly higher in both silver and gold compared to the Guitarra mine veins). In September 2025, Sierra Madre also announced the restart of mining at the Nazareno mine. The Company is focused on ramping up operations at Coloso and Nazareno ahead of the increased plant throughput levels anticipated upon completion of Phase I of the Guitarra expansion. Phase I and II production targets: In late April, Sierra Madre selected a special services contractor to provide equipment and manpower to accelerate mine development at Coloso and Nazareno. The contractor began mobilization to site in early May. Once the contractor is in place, the Company will be able to transfer its miners and equipment to the Guitarra mine to accelerate production. Expansion Progress: For the two-phase expansion of the La Guitarra plant, Sierra Madre has acquired key equipment— including a second crusher (tested and installed) and a 600-700 tpd ball mill, now refurbished and under contract for installation, with commissioning expected in late Q2 2026. Construction crews for the ball mill foundation work have been mobilized to site and the purchase of critical equipment has begun. Once the first stage of the expansion is completed, the planned second phase would increase processing capacity to a range of 1,200 tpd to 1,500 tpd by Q3 2027; essentially doubling production capacity once again. Beyond the production growth, we also focus on the substantial exploration programs planned for the 2nd half of this year both district-scale land packages. There are 30,000 meters of drilling planned at the La Guitarra complex; and Alex points out that having their own assay lab should allow the company to quickly react to incoming assays at La Guitarra, going from 20 holes, to 40 holes, and then eventually 80 holes. Now that the acquisition of the Del Toro Silver Mine complex in the Chalchihuites District in Mexico from First Majestic Silver Corp. has closed, there is a 50,000 meter drill program on tap. The goal of this program will be testing a number of high-priority targets and growing existing resources to extend the mine life for when a restart decision is made on these 3 mines and the 3,000 tpd plant. If you have any questions for Alex regarding Sierra Madre Gold and Silver, then please email them to me at either Shad@kereport.com. In full disclosure, Shad is a shareholder of Sierra Madre Gold and Silver and may choose to buy or sell shares at any time. Click here to follow along with the latest news from Sierra Madre Gold & Silver For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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eDreams ODIGEO Financial Results FY 2026 | Results & Strategic Roadmap

Play Episode Listen Later Jun 3, 2026 14:12

eDreams ODIGEO's FY 2026 Key TakeawaysPresented by David Elizaga, CFOIn this latest financial results presentation on seat11a, David Elizaga presents the company's FY 2026 financial results and provides an update on Prime subscriber growth, profitability development, artificial intelligence initiatives, and the company's long-term strategic roadmap.Record Profitability and Continued Prime GrowtheDreams ODIGEO delivered results ahead of expectations during FY26, supported by continued growth of its Prime subscription platform. Prime membership increased by 9% to 7.9 million subscribers, while Adjusted EBITDA rose by 29% to a record €172.3 million. Cash EBITDA reached €157 million, exceeding management's target for the year. Prime-related revenue now represents approximately 75% of total Cash Revenue Margin, underlining the growing importance of the subscription model within the business and the continued transformation away from a traditional online travel agency model.Prime Platform Remains the Core Growth EngineA major focus of the presentation is the continued evolution of the Prime platform. During FY26, the company continued its transition from annual upfront subscription payments toward annual subscriptions with monthly instalments. While this temporarily impacted certain cash metrics, management highlighted that the underlying profitability, subscriber economics, and operational performance of the business continued to strengthen throughout the year. The subscription-based model remains central to eDreams' strategy of increasing customer loyalty, recurring revenue visibility, and long-term customer lifetime value.FY30 Roadmap Targets Significant ExpansionThe company also introduced a new long-term roadmap extending through FY30. Management outlined plans for substantial subscriber growth, expanding Prime membership toward approximately 13 million subscribers while continuing to broaden the business beyond its traditional European flight market. By FY30, management expects a significantly more diversified business mix, supported by growth in non-flight products, international opportunities, and a broader travel ecosystem. The roadmap reflects the company's ambition to further strengthen its position as a subscription-led travel platform with increasing scale and recurring revenue characteristics.Artificial Intelligence Increasingly Embedded Across the BusinessArtificial intelligence remains a key component of the company's operating model. eDreams highlighted more than a decade of AI development and discussed how AI is improving software development, customer service, pricing capabilities, marketing productivity, and customer acquisition. During FY26, AI-assisted productivity increased significantly, while support automation and content generation continued to scale across the organization. Management views artificial intelligence as both an operational efficiency tool and a strategic enabler that can support customer experience improvements, marketing effectiveness, and scalable growth over the long term.Read more on: https://seat11a.com/company/edreams-odigeo-financial-results-fy-2026/ ▶️ Other videos:Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/Company Presentation: https://seat11a.com/investor-relations-company-presentation/Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ESG Presentation: https://seat11a.com/investor-relations-esg/T&CThis publication is for informational purposes only and does not constitute investment advice. Using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.

ai european management strategic prime roadmap elevator pitch fy financial results edreams adjusted ebitda

Santacruz Silver - Visual Review of Q1 2026 Financials and Operations and Ongoing 2026 Growth Initiatives

Play Episode Listen Later May 29, 2026 31:12

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSX.V: SCZ) (NASDAQ: SCZM) (FSE: 1SZ), joins me for an exclusive visual review of the Q1 2026 financial and operational results across their portfolio of 4 producing silver-zinc mines and ore feed sourcing business in Bolivia and Mexico. We also review a few of the key growth initiatives that the company has slated for 2026 across multiple projects. Q1 2026 Highlights Revenues of $127.5 million, an 81% increase year-over-year. Gross profit of $42.9 million, a 54% increase year-over-year. Net income of $28.5 million, a 201% increase year-over-year. Adjusted EBITDA of $42.6 million, a 55% increase year-over-year. Cash and highly-liquid marketable securities of $64.9 million, a 100% increase year-over-year. Working capital of $75.9 million, a 47% increase year-over-year. Average realized price per silver ounce sold of $63.30, a 128% increase year-over-year. AISC per silver ounce sold of $31.60, a 76% increase year-over-year. Realized mining margin per silver ounce sold of $31.70, a 221% increase year-over-year. Average realized price per zinc tonne sold of $3,116, a 12% increase year-over year. AISC per zinc tonne sold of $2,729, a 32% increase year-over-year. When discussing the financial strength of the company, Arturo also highlighted that after paying $31.5 million in taxes during this first quarter, that the company ended Q1 2026 with a healthy cash and highly liquid marketable securities position of $64.9 million, providing Santacruz with the financial flexibility to continue funding operational improvements while maintaining a strong treasury position. At the Bolivar Mine, the recovery of the areas affected by the May 2025 localized water inflow event continues to advance; with work focused on restoring production while maintaining operating discipline. The Company continues to expect Bolivar's full recovery by Q4 2026, with the dewatering program progressing ahead of plan, and now accessing again the high-grade silver veins – Pomabamba and Nané. The Porco Mine remains a smaller but solid contributor, and it is strategically located in the important Potosi district. Arturo mentions that their 1,200 tonne per day plant also assists with processing ore from the San Lucas business unit. Next we moved over to the Caballo Blanco Group of mines, which is the lowest cost and thus highest efficiency of their operations. Colquechaquita and Tres Amigos are the 2 producing mines, but Arturo mentioned that the Company has now brought Esperanza Mine back into production during Q1, and that it should be a profitable smaller zinc-forward mine in this Caballo Blanco complex moving forward. Their Zimapán Mine in Mexico is their highest-volume operation and will be another area of continued growth for Santacruz Silver in 2026. The capital already invested in Zimapan into plant equipment and improving mine efficiencies will allow for more throughput, accessing higher grade areas, and improving metals recoveries. The operations team gained access to the high-grade 960 Level of the Zimpan Mine at the end of Q4, and already demonstrated to be a more significant contributing area of production in Q1 2026 and looking forward. San Lucas is a margin-based ore sourcing and processing business that supports plant utilization, fixed-cost absorption and operating flexibility. San Lucas now includes ore blended from the Reserva Mine, (previously part of the Caballo Blanco complex), and may be further enhanced in the future if a dedicated processing center is acquired. Arturo points out that since this is a “margin business” it will always be profitable, but that it will naturally see higher costs in parallel with moves higher in silver prices, and thus the higher amount needed to be paid to the small regional miners that bring in their ore to sell to San Lucas. The Company has introduced an enhanced reporting framework which provides a more complete basis for investors to assess production, costs, margins and cash generation across all business units. The operations team is advancing their silver-dominant Soracaya mine towards development and near-term production. There is already a decline ramp into this project with initial stope access in 2 areas, and the plan once the permit is received in Q3 is to get this mine into initial ramp-up production by Q4 of 2026. Wrapping up we discussed the potential for future accretive acquisitions in the Americas. The board and management team are open to a currently producing mine or development-stage underground mining assets, but only if the acquisition would be accretive for shareholders and if their team can unlock value in these acquired assets. * To view the visual presentation on YouTube click below: https://youtu.be/SCKzJarK0TQ If you have any follow up questions for Arturo regarding Santacruz Silver, then please email those to me Shad@kereport.com. In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time. Click here to follow the latest news from Santacruz Silver For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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Arrow Exploration reports strong Q1 growth as production and cash flow climb

Play Episode Listen Later May 28, 2026 6:22

Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to discuss the company's strong first-quarter 2026 financial and operational results, highlighting continued production growth, rising revenues, and ongoing drilling success across its Colombian assets. Abbott said Arrow delivered average corporate production of 4,715 barrels of oil equivalent per day during the quarter, reflecting the company's continued operational momentum and development progress. The stronger production profile helped drive total oil and natural gas revenue, net of royalties, to $23.5 million for the three months ended March 31, 2026, representing a 21% increase compared with the same period in 2025. The company also reported significant growth in profitability and cash generation. Adjusted EBITDA reached $14.1 million during the quarter, up 22% from approximately $11.5 million reported in the first quarter of 2025. Arrow also achieved strong realized corporate oil operating netbacks of $41.05 per barrel, underscoring the efficiency and profitability of its production base. Abbott noted that Arrow generated operating cash flow of $13.6 million during the quarter and ended Q1 2026 with a solid cash position of $14.2 million. The company additionally reported net income of $5.2 million, reflecting continued financial strength as it advances development activities across its portfolio. Operationally, Arrow continued to expand activity within the Mateguafa Attic field located on the Tapir Block in Colombia. During the quarter, the company successfully drilled three additional development wells in the Mateguafa Attic area, supporting ongoing production growth and reservoir development objectives. Abbott also provided an update regarding the company's ongoing discussions with Colombian authorities surrounding the extension of the Tapir Block license. He said the company continues to engage constructively with regulators and believes it is well-positioned to secure the extension after satisfying all relevant technical and operational requirements. Arrow indicated it will continue updating the market as discussions progress. In addition, the company recently spud the IC-2 well at its Icaco field, which management expects to place on production within the coming weeks. Following IC-2, Arrow plans to continue drilling additional development wells at Icaco while also carrying out recompletion work on several Mateguafa Attic wells during the second quarter of 2026. Abbott emphasized that the company remains focused on disciplined operational execution, maintaining strong cash flow generation, and expanding production through continued development drilling across its core Colombian assets. #proactiveinvestors #arrowexplorationinc #aim #axl #tsxv #axl #ColombiaEnergy #MarshallAbbott #Mateguafa #LlanosBasin #ColombiaOil #OilProduction #OilAndGas #EnergyNews #ColombiaEnergy #OilProduction #EnergyStocks #Drilling #NaturalGas #OperationalUpdate #CashFlow

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Small Cap Breaking News: Don't Miss Today's Top Headlines 05/21/2026

Play Episode Listen Later May 21, 2026 6:00

Small Cap Breaking News You Can't Miss!Here's a quick rundown of the latest updates from standout small-cap companies making big moves today:Nextech3D.ai (CSE: NTAR) (OTCQB: NEXCF) (FSE: 1SS)Nextech3D.ai announced it will be lead sponsor at an EMRG Media trade show event in New York City (October 27-29, 2026), showcasing its Krafty Labs Experience Marketplace and AI Event Operating System. The company's Eventdex platform will handle full event registration, lead retrieval, and onsite operations. For investors, this partnership demonstrates real-world commercial traction for Nextech's unified AI Event OS as a revenue-generating platform.MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) (FSE: 89N)Eric Sprott is making a $25 million strategic investment in MAX Power Mining via a non-brokered private placement at $2.00 per unit, with warrants exercisable at $2.75 for 24 months. Proceeds will accelerate follow-up drilling at the Lawson Complex — Canada's first confirmed subsurface Natural Hydrogen system — along with seismic data acquisition and AI platform development. Sprott's continued backing marks a high-profile endorsement of Natural Hydrogen as a scalable clean energy frontier.Aldebaran Resources Inc. (TSX-V: ALDE) (OTCQX: ADBRF)Aldebaran reported strong infill drill results from its 80%-owned Altar copper-gold project in Argentina, highlighted by 1,339.30 metres grading 0.45% copper equivalent, including 500 metres of 0.71% CuEq. Seven holes confirm the scale and grade continuity of one of the Americas' largest undeveloped porphyry copper systems. An updated resource estimate is targeted for Q3 2026, paving the way for a Pre-Feasibility Study in 2027.Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF)Decibel reported Q1 2026 net revenue of $30 million, a 41% year-over-year increase, with international sales surging 330% to $9.6 million as it began shipping GMP-extracted product into Germany. Adjusted EBITDA doubled to $6.9 million year-over-year, and Q2 2026 guidance calls for $33 to $35 million in revenue. A new $61 million ATB credit facility extending maturities to 2030 and a planned Creston property sale further strengthen the balance sheet heading into the seasonally strongest period.Bottom Line: Today's small-cap market featured a powerful combination of catalysts — a major institutional endorsement of Canadian Natural Hydrogen, compelling copper-gold drill results confirming a world-class deposit, strong cannabis revenue growth driven by international expansion, and an AI event technology platform winning real commercial partnerships.Stay ahead of the market — follow AGORACOM for more breaking small-cap news and insights.

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Iofina reports record year as CEO discusses results with Zak Mir

Share Talk LTD

Play Episode Listen Later May 14, 2026 7:55

Zak Mir talks to Dr Tom Becker, President & CEO, Iofina, in the wake of the specialists in the exploration and production of iodine and manufacturers of speciality chemical products, announcing its audited full-year results for the 12 months to 31 December 2025. This included another record year: Production up 17%, Revenue up 22% and Adjusted EBITDA up 56%.Iofina has been quietly doing the hard yards for years, and the market is now starting to pay attention.Following its audited full-year 2025 results, the specialist iodine producer and chemical products business reported another record year, with production up 17%, revenue up 22% and adjusted EBITDA up 56%. That is the headline. The more interesting story sits underneath it: a company that has executed a very specific growth plan, built capacity at pace, and is now looking to accelerate again.At the centre of that story is a simple idea. Iofina operates in a niche market, but one with critical end uses, steady demand, and room for disciplined expansion. For a business still valued at under £100 million, that combination is understandably beginning to attract attention.Iodine is niche, but it matters more than most people realiseIodine is not a commodity that gets discussed every day, yet it plays an essential role in a surprisingly wide range of industries. The global market is relatively small at around 40,000 metric tonnes, but demand is underpinned by applications that are difficult to replace.The single biggest end market is human healthcare. In particular, iodine is heavily used in x-ray contrast media drugs. These are the agents used in CT scans and certain x-ray procedures when doctors need clearer imaging. That application alone accounts for roughly 38% of the market.Beyond that, iodine shows up in many places people barely think about: Disinfectants, including the familiar brown antiseptic used on cuts and before surgery LCD screens, where iodine-based polarising film is used Nutrition, because iodine is needed in the diet to support thyroid function Pharmaceuticals and biocides, where it serves a range of specialised purposes So while iodine may be a niche market, it is tied to healthcare, technology and industrial applications that give it resilience. That is a useful backdrop for any producer looking to grow production over time.How Iofina produces iodineIofina's model is one of the more interesting parts of the business. Rather than mining iodine in the traditional sense, the company extracts it from briny water produced by the oil and gas industry.This water is effectively a co-product, or waste stream, from oil and gas operations. In the right areas, it contains iodine in concentrations that can be extracted economically. Iofina builds plants to process that brine and recover the iodine.At present, the company has eight iodine plants in operation, all located in Oklahoma. A ninth plant is under construction in the Permian Basin, spanning southwest Texas and southeast New Mexico, which is one of the most significant oil and gas regions in the world.That approach gives the company a clear link between operational execution and growth. If it can continue identifying suitable brine streams and building plants at an attractive return, production can keep climbing.From 500 metric tonnes to 1,000 metric tonnesOver the last four to five years, Iofina has roughly doubled its production profile.The business was producing about 500 metric tonnes several years ago. Once the Permian plant comes online, management expects that to rise to around 1,000 metric tonnes.That is not a theoretical target. It has come from a concrete build-out programme: Three plants built in three years A fourth, larger plant making it effectively four plants in four years A balance sheet that has remained in sound shape while growth has been funded by reinvesting profitability back into the business This matters because scaling production is often where smaller resource and speciality chemical companies stumble. Capital can become stretched, timelines can slip, and growth stories can get ahead of operating reality. What stands out here is that management's strategy has been rooted in repeatable execution.As Dr Tom Becker put it, the company has had a specific goal of increasing iodine production in a market that continues to grow, and the team has delivered against that plan.The next goal: 2,000 metric tonnes in the next few yearsReaching 1,000 metric tonnes is not being treated as the finish line. It is being treated as the foundation for the next stage.The vision now is to move towards 2,000 metric tonnes over the next few years. To get there, Iofina is looking to increase the pace of plant development. In other words, not just building one plant a year, but building more frequently where the economics support it.The Permian Basin project is a good illustration of that next phase. It is expected to produce around 200 metric tonnes once fully online, making it a larger opportunity than some of the company's previous builds.If the company can continue replicating that model, its standing within the global iodine market changes meaningfully.Why scale matters in the global iodine marketAt current levels, Iofina accounts for about 2.5% of global iodine production. Management sees a realistic path towards roughly 5% over the next number of years.That may not sound dramatic at first glance, but in a market of this size and specialisation, it is significant. Moving from a 2.5% player to something closer to 5% changes how the company is perceived by customers, suppliers and the wider market.

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Sierra Madre Gold and Silver – Full-Year 2025 Operations and Financial Update At La Guitarra Mining Complex, 80,000 Meters Of Drilling On Tap Between La Guitarra and Del Toro Properties

Play Episode Listen Later May 5, 2026 20:18

Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins me to provide an operations and financial update La Guitarra silver-gold mine complex in Mexico, which includes 3 producing mines: La Guitarra, Coloso, and Nazareno. We also discuss the increase to 30,000 meters of drilling across the La Guitarra property, and an increase to 50,000 meters of drilling at the Del Toro property starting once the transaction closes in the near future; for a total of 80,000 meters of drilling on tap across all properties. Full Year 2025 Highlights Revenues: Gross silver revenues for 2025 totaled $10.68 million ($39.37 per ounce) and gross gold revenues totaled $13.77 million ($3,407 per ounce). Sales: During 2025, the Company sold 271,204 ounces of silver ("Ag") and 4,041 ounces of gold ("Au") or 628,196 silver equivalent ("AgEq") ounces, based on the ratio of Au and Ag prices realized for each shipment in the year. Cash Costs: For 2025, cash costs were $27.90 per AgEq ounce sold Net Income: Net income was $8.13 million or $0.05 per share for 2025. Included in net income for 2025 is a $6.1 million income tax recovery. Cash from Operations: The Company generated $4.09 million of cash from operating activities in 2025. Adjusted EBITDA increased to $6.03 million for 2025 Cash and cash equivalents and short-term investments at December 31, 2025 totalled $17.3 million. Del Toro Acquisition and Financing: In December 2025, the Company announced its intention to acquire the Del Toro silver mine from First Majestic Silver Corp. and complete a concurrent financing, which subsequently closed in escrow for gross proceeds of CAD$57.5 million. La Guitarra Expansion: As announced on September 8, 2025, the Company has initiated a plan to expand production capacity at Guitarra in a two-phase program, with the first phase anticipated for completion by the end of Q2 2026, with the aim to increase name plate capacity from 500 tonnes per day ("tpd") to a range of 750 tpd - 800 tpd and the second phase anticipated for completion by Q3 2027, with the aim of increasing the capacity to a range of 1,200 tpd - 1,500 tpd at La Guitarra. Closed C$19.5M Private Placement: In July 2025, the Company closed a C$19.5 million brokered private placement. The key participants in the financing were Franklin Templeton, Eric Sprott and Commodity Capital, with strong participation by the management of the Company. First Majestic Loan Payment: On February 5, 2026, the Company made a principal payment of $2.5 million on the $5 million senior secured project financing loan with First Majestic. Sierra Madre Named as a 2026 Top 50 Company by the TSX Venture Exchange: As announced on February 18, 2026, Sierra Madre was named a 2026 TSX Venture Top 50 Company, recognized for its 264% share price appreciation and 342% market cap growth in 2025. The first stage of the expansion currently underway at the La Guitarra plant will increase production rates from the current 500 tonnes per day (“tpd”) to 750 tpd to 800 tpd of processing capacity; with a goal to get that completed by June or July of this summer. Processing plant and tailings handling upgrades and equipment purchases for the planned production expansion have been underway and are mostly installed. Once the first stage of the expansion is completed, the planned second phase would increase processing capacity to a range of 1,200 tpd to 1,500 tpd by Q3 2027; essentially doubling production capacity once again. Beyond the production growth, we also focus on the substantial exploration programs planned for the 2nd half of this year both district-scale land packages. There are 30,000 meters of drilling planned at the La Guitarra complex; and Alex points out that having their own assay lab should allow the company to quickly react to incoming assays at La Guitarra, going from 20 holes, to 40 holes, and then eventually 80 holes. After the acquisition transaction closes on the Del Toro Silver Mine complex in the Chalchihuites District in Mexico from First Majestic Silver Corp., then there is a 50,000 meter drill program on tap. The goal of this program will be testing a number of high-priority targets and growing existing resources to extend the mine life for when a restart decision is made on these 3 mines and the 3,000 tpd plant. If you have any questions for Alex regarding Sierra Madre Gold and Silver, then please email them to me at either Shad@kereport.com. In full disclosure, Shad is a shareholder of Sierra Madre Gold and Silver and may choose to buy or sell shares at any time. Click here to follow along with the latest news from Sierra Madre Gold & Silver For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

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Iofina posts record 2025 results, boosts output outlook with Permian expansion

Play Episode Listen Later May 1, 2026 5:00

Iofina Plc. CEO Thomas Becker joined Steve Darling from Proactive to discuss the company's latest financial performance, highlighting a series of record-breaking results in its audited full-year report for the period ending December 2025. Becker outlined that the company delivered another standout year, reporting revenue of $66.5 million—an increase of 22% year-over-year—marking its eighth consecutive year of sustained growth. He attributed much of this momentum to strong operational performance across its core iodine business, with crystalline iodine sales surging by 42%, while iodine derivatives sales posted a solid 5% increase. This top-line growth translated into significant profitability gains. Gross profit rose 36% to $18.0 million, supported by improved efficiencies and favourable pricing. Adjusted EBITDA saw an even sharper rise of 56%, reflecting strong operational leverage, while operating profit climbed 74%. Profit before tax reached $8.4 million, representing a 75% increase compared to the previous year, underscoring the company's ability to convert revenue growth into bottom-line performance. Looking ahead, Becker emphasized Iofina's strategic focus on scaling its production footprint. A key component of this plan is the company's expansion into the Permian Basin, where it is developing a larger-scale IOsorb® plant. This move represents the next phase in Iofina's transformational growth strategy, shifting toward fewer but significantly larger facilities designed to enhance efficiencies and boost overall output. He noted that this transition to larger-scale plants is expected to materially increase production capacity while lowering unit costs, positioning the company for continued margin expansion and long-term growth. Momentum has carried into 2026, with the company reporting a strong start to the year. As a result, Iofina has raised the top end of its first-half 2026 production guidance and now expects output to reach approximately 385 metric tonnes. Becker added that the company has a clear near-term pathway to surpass 1,000 metric tonnes of annual production, with longer-term plans to exceed 2,000 metric tonnes through the continued rollout of larger-scale IOsorb® facilities. #proactiveinvestors #iofinaplc #aim #iof #iodine #permianbasin #crystallineiodine #ChemicalIndustry #FinancialResults #RevenueGrowth #EBITDA #ProfitGrowth #PermianBasin #IOsorb #IndustrialChemicals #ProductionGrowth #EnergyChemicals #MarketExpansion #OperationalEfficiency #BusinessGrowth

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Santacruz Silver – Review of 2025 Financials and Operations and Ongoing 2026 Growth Initiatives

Play Episode Listen Later Apr 17, 2026 23:53

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSX.V:SCZ) (NASDAQ:SCZM) (FSE:1SZ), joins me to highlight their full-year 2025 financial and operational results across their portfolio of producing mines in Bolivia and Mexico. We also review a few of the key growth initiatives that the company has slated for 2026 across multiple projects. FULL YEAR 2025 HIGHLIGHTS: Revenues of $326.4 million, a 15% increase year-over-year. Gross Profit of $109.4 million, a 91% increase year-over-year. Net Income of $42.2 million, a 74% decrease year-over-year1. Adjusted EBITDA of $104.6 million, a 99% increase year-over-year. Cash and Highly-Liquid Marketable Securities of $66.7 million, a 87% increase year-over-year2. Working Capital of $63.7 million, a 38% increase year-over-year. Average Realized Price per Ounce of Silver Equivalent Sold of $39.00, a 36% increase year-over-year. AISC per Silver Equivalent Ounce Sold of $30.81, a 18% increase year-over-year. Realized Margin per Silver Equivalent Ounce Sold of $8.19, a 209% increase year-over-year. Last year was a milestone year for Santacruz, highlighted by the full debt repayment to Glencore, payment of taxes to Bolivia, and still ending the year with ~$70 million added to the treasury and materially strengthened balance sheet. Strong silver prices throughout the year and improving mine efficiencies contributed to a revenue increase of 15%, and the margin between the average realized price of silver and AISC improved by 209%. While total production was down 11% due to Bolivar's May 2025 flooding event, the strength and diversification of their multi-asset operating portfolio helped offset the impact, with operations remaining cash-generative and profitable. The Company continues to expect Bolivar's full recovery by Q4 2026, with the dewatering program progressing ahead of plan and driving consistent quarter-over-quarter improvements throughout the year. The Company is beginning to see the benefits of the recovery efforts at Bolivar, now accessing again the high silver-grade Pomabamba and Nané veins. Next we moved over to the Caballo Blanco Group of mines, which is the lowest cost and thus highest efficiency of their operations. Colquechaquita and Tres Amigos are the 2 producing mines, but Arturo mentioned that the Company has now brought Esperanza Mine back into production during Q1, and that it should be a profitable smaller zinc-forward mine in this Caballo Blanco complex moving forward. Next we shifted over to the high-margin San Lucas Group Lucas feed sourcing business (which now includes ore blended from the Reserva Mine, previously part of the Caballo Blanco complex). Arturo points out that since this is a “margin business” it will always be profitable, but that it will see higher costs in parallel with higher silver prices, and thus the higher amount needed to be paid to the small regional miners that bring in their ore to sell to San Lucas. The higher costs are not an efficiency issue, but rather reflective of moves up in the metals prices themselves. Their Zimapán Mine in Mexico will be another area of growth for Santacruz Silver in 2026, after a substantial capital investment last year into plant equipment and improving mine efficiencies and metals recoveries. Additionally, the operations team had finally gained access to the high-grade 960 Level of the Zimpan Mine at the end of Q4, and so this will be a more significant contributing area of production starting in Q1 2026 and for several years to come. The operations team is advancing their silver-dominant Soracaya mine towards development and near-term production. There is already a decline ramp into this project with initial stope access in 2 areas, and the plan once the permit is received is to get this mine into initial production by Q4 of 2026. Wrapping up we discussed the potential for future accretive acquisitions in the Americas. The board and management team are open to a currently producing mine or development-stage underground mining assets, but only if the acquisition would be accretive for shareholders and if their team can unlock value in these acquired assets. If you have any follow up questions for Arturo regarding Santacruz Silver, then please email those to me Shad@kereport.com. In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time. Click here to follow the latest news from Santacruz Silver For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned, and companies profiled may be sponsors of the KE Report.

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Elemental Royalty Corp - Record FY 2025 Revenues, 2026 Guidance, and Portfolio Growth

Growing Your Firm | Strategies for Accountants, CPA's, Bookkeepers , and Tax Professionals

Play Episode Listen Later Mar 26, 2026 19:11

Dave Cole, CEO of Elemental Royalty Corporation (TSXV: ELE) (Nasdaq: ELE) joins us to review their record full-year 2025 financial metrics, and to look ahead to 2026 guidance. 2026 will be the first full year of results from the pro-forma combination of Elemental Altus Royalties with EMX Royalty Corporation last year, to form an emerging intermediate royalty company. We discuss a number of key royalty partner project updates, details of the new dividend policy, and the ability of the company to grow both organically and externally with 4 different business transaction approaches. 2025 Financial Highlights Record full year revenue plus attributable share of Caserones of US$49.2 million, up 128% over prior year, exceeding 2025 updated guidance of US$42 million; Gold Equivalent Ounces (“GEOs”) of 14,285 for 2025 (compared to 8,987 in 2024), driven by contributions from Karlawinda, Bonikro, Korali Sud, and Caserones, and the completion of the merger with EMX Royalty Corporation; Adjusted EBITDA of US$34.9 million, up 131% over prior year, demonstrating strong cash flow conversion; Adjusted operating cash flow of US$33.9 million, up 288% over prior year; Cash and cash equivalents, as of December 31, 2025, of US$53.1 million and a working capital of US$80.1 million, demonstrating financial flexibility for growth. Next, we go on a global tour of their royalty portfolio of 18 producing royalties, 29 advanced development assets, and ~200 total mineral royalties globally; diversified across multiple jurisdictions and across precious metals, critical minerals, and battery metals Dave touched upon their key cornerstone producing royalty partner projects like: Leeville, Timok, Caserones, and Karlawinda, as well as a number of other solid producing royalties on Gediktepe, Balya, their suite of West African royalties (Korali-Sud, Wahgnion, and Bonikro), and the announcement by Quilla Resources on March 2nd of the successful production of first copper cathode from the Chapi Copper Project in southern Peru. Dave also flagged a few key large development projects with compelling royalty upside, as those projects move further down the pipeline towards future production, like Diablillos in Argentina, Viscaria in Sweden, Cactus in Arizona, and Laverton in Australia. In addition to growing royalties year over year, there are also a number of one-off incoming payments on pre-production royalties, that are still generating revenues via lease-option payments, stage-gate payments to advance properties, advanced minimum royalty payments; that come in by way of cash and/or shares in partner companies. We also discuss the new dividend optionality of being paid in either cash or Tether Gold tokens, (which are backed by physical gold); and the corresponding value of having Tether Investments S.A. de C.V as their key stakeholder. Dave believes their Company is on the cutting edge of marrying the value of hard assets anchored in commodities and royalty instruments, with the interest from investors in the utility of digital assets. Dave points to 4 different approaches to continue to grow future value in Elemental Royalty Corp. Beyond the organic development growth still on tap within their portfolio of royalties, there is the future upside of their continued royalty generation strategy, the potential for larger future royalty acquisitions and/or royalty financings to create new royalties, and they are always reviewing the potential for accretive M&A opportunities. The company has plenty of firepower to pursue accretive transactions; with near ~$200Million in combined cash and working capital plus a revolving credit facility, with an accordion feature. If you have any follow up questions for Dave or the team ate Elemental Royalty Corp, then please email them to us at Fleck@kereport.com or Shad@kereport.com. In full disclosure, Shad is a shareholder of Elemental Royalty Corp at the time of this recording, and may choose to buy or sell shares at any time. Click to follow the latest news from Elemental Royalty Corp For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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The M&A Shift Toward Adjusted EBITDA Margins

Play Episode Listen Later Mar 25, 2026 32:42

Are you building a firm to last, or building it to sell? Whether you're a CPA starting a firm or a Managing Partner eyeing retirement, understanding the current M&A (Mergers & Acquisitions) landscape is critical for your largest wealth-generation tool: your practice. In this episode of Growing Your Firm, host Dave Cristella sits down with Doug Lewis, Managing Director at The Visionary Group, to pull back the curtain on how buyers are actually evaluating accounting and bookkeeping firms in 2026. From the impact of Private Equity (PE) to the "sticky revenue" of Client Accounting Services (CAS), Doug breaks down the metrics that determine your firm's valuation. In this episode, we discuss: 1. The Shift in Valuation: Why firms are moving away from gross revenue multiples and toward Adjusted EBITDA. 2. The CAS Premium: Why Client Accounting Services and outsourced bookkeeping are trading for higher multiples than traditional audit or tax. 3. The Talent Shortage & M&A: How the pipeline shortage is moving "Talent" to the #1 spot on buyer wishlists. 4. The "Layover Test": Why culture alignment is the first thing that kills a deal (and how to spot red flags early). 5. Internal Succession Stress Testing: What to do when your "locked-in" successors have other plans (like opening a tiki bar in Thailand). 6. Staying Fiercely Independent: Why selling isn't the only path and how to build value even if you never plan to exit. Featured Guest: Doug Lewis Take control of your practice: Optimize your workflow with Jetpack Workflow: https://bit.ly/4bj4a0H

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Small Cap Breaking News: Don't Miss Today's Top Headlines 03/19/2026

Play Episode Listen Later Mar 19, 2026 21:32

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Small Cap Breaking News: Don't Miss Today's Top Headlines 03/12/2026

PT Pintcast - Physical Therapy

Play Episode Listen Later Mar 12, 2026 18:54

Small Cap Breaking News You Can't Miss! Here's a quick rundown of the latest updates from standout small-cap companies making big moves today.AISIX Solutions Inc. (TSXV: AISX) Launches WildfireScore Retail AppAISIX Solutions has launched WildfireScore, a new application that allows Canadians to check wildfire risk scores for properties across the country. The tool is powered by the company's Wildfire 3.0 data platform, which previously served insurers, governments, and institutional clients.Key highlights:• First retail-facing product built on AISIX's wildfire risk technology• Users can search any Canadian address for wildfire risk summaries and detailed reports• Designed for homeowners and real estate buyers evaluating wildfire exposure• Built on AISIX's Wildfire 3.0 API, delivering current and future wildfire probability insightsThe launch expands AISIX's reach beyond enterprise users and introduces its climate-risk analytics platform directly to consumers. The company also noted it is continuing to pursue pilot projects and RFP opportunities, though no definitive agreements have been signed yet.Nextech3D.ai (CSE: NTAR) Signs $175K 3D E-Commerce ContractNextech3D.ai announced a three-year enterprise agreement valued at approximately US$175,000 for its ARitize3D platform, covering the creation and hosting of 3D product models for roughly 2,500 SKUs.Key details:• US$175,000 total contract value over 36 months• About US$58,000 in annual subscription revenue• Includes 3D product modeling, AR visualization, and hosting services• Supports integration into the client's e-commerce platformThe agreement reflects continued demand for 3D product visualization and augmented reality tools in online retail, where interactive product experiences can help increase customer engagement. Nextech3D.ai says its AI-assisted production workflows help reduce costs while supporting scalable 3D asset creation.Tartisan Nickel Corp. (CSE: TN) Reports Strong Nickel-Copper Drill ResultsTartisan Nickel reported encouraging assay results from its Phase 1 drilling program at the Kenbridge Nickel-Copper-Cobalt Project in Northwestern Ontario.Notable drill results from hole KB26-210 include:• 24.6 metres grading 0.71% nickel and 0.56% copper• Including 6.1 metres of 1.17% nickel and 1.45% copper• Plus 2.0 metres of 1.73% nickelThe results confirm mineralization in both Zone A and Zone B at depth, supporting the company's geological model of a vertically extensive nickel sulphide system.Orion Digital Corp. (TSX: ORIO) Reports Strong Platform GrowthOrion Digital released Q4 and full-year 2025 financial results, highlighting continued growth in its digital wealth and payments infrastructure platforms.Key highlights:• Subscription and services revenue now represents 62% of total revenue• Wealth platform revenue up 36% year-over-year to $14.5M• Assets under management reached $498M, up 17%• European payments volume hit $11.1B, up 14%• Adjusted EBITDA totaled $7.1M for the yearThe company continues transitioning toward a platform-driven recurring revenue model, supported by its Intelligent Investing wealth platform and Carta Worldwide payments infrastructure. Orion Digital enters 2026 with $41.3M in cash and investments, providing strong financial flexibility.Cartier Resources (TSXV: ECR) Discovers New High-Grade Gold ZoneCartier Resources announced the discovery of a new shallow high-grade gold zone at the Portal Sector of its Cadillac Project in Quebec.Key drill results include:• 7.1 g/t gold over 8 metres• Including 38.8 g/t gold over 1 metre• 6.8 g/t gold over 2.2 metres in a second holeThe new North Simon Zone extends more than 200 metres along strike and remains open in multiple directions. Importantly, it sits just 150 metres from existing historical infrastructure, which could improve development flexibility.

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When EBITDA Becomes the Mission

Play Episode Listen Later Mar 11, 2026 18:09 Transcription Available

If you've worked inside a healthcare organization you've probably heard the question:“What's the EBITDA impact?”But what happens when a financial reporting metric slowly becomes the mission of the entire organization?In this conversation, Jimmy McKay and Larry Benz unpack: • What EBITDA actually measures • How "Adjusted EBITDA" becomes a fiction contest • Why chasing the metric can distort clinical care • The Soviet nail factory problem in healthcare • What a healthier dashboard for PT organizations should look likeLarry also explains the four pillars every physical therapy organization should measure instead of obsessing over EBITDA.If you lead a healthcare organization, this conversation will challenge how you think about metrics, culture, and what actually drives sustainable performance.Chapters 00:00 The phrase every healthcare leader hears 00:40 EBITDA explained simply 02:40 When the tool becomes the mission 03:20 The “Adjusted EBITDA fiction contest” 05:40 How metrics change behavior 07:40 Why clinicians are the real business 10:20 The Soviet nail factory story 13:30 What healthcare should measure instead 14:00 Larry's four pillar dashboard 18:00 Culture is the engine of EBITDA

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HIVE Digital posts record Q3 revenue of $93.1M, expands AI and Bitcoin operations

Play Episode Listen Later Feb 17, 2026 6:07

Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to discuss the company's financial results for the third quarter ended December 31, 2025, highlighting record performance driven by growth across both its Bitcoin and AI infrastructure businesses. HIVE reported record quarterly revenue of $93.1 million, representing 219% year-over-year growth and a 7% increase compared to the previous quarter. Adjusted EBITDA for the quarter reached $5.7 million, while gross operating margin expanded significantly to $32.1 million—more than six times higher than the $5.3 million recorded in the same period last year. Daubaras described the quarter as the strongest “dual-engine” growth period in the company's history, reflecting rapid expansion in both digital asset mining and high-performance computing. During the quarter, HIVE scaled its Bitcoin hashrate fleet to an installed base of 25 Exahash per second (EH/s) as of December 31, 2025. The company generated 885 Bitcoin in the quarter, representing a 23% increase quarter over quarter. In parallel, demand continues to accelerate for its AI cloud platform operated through subsidiary BUZZ High Performance Computing. In February, HIVE signed a two-year, $30 million contract for 504 Nvidia B200 GPUs, with deployment expected to go live in calendar Q1 2026 at Bell's Tier-III data center facility. Looking ahead, HIVE expects to operate a 540-megawatt energy footprint by year-end, including 440 megawatts currently operating and an additional 100 megawatts under a contracted power purchase agreement. Management noted that both existing and incremental megawatts will be strategically evaluated to maintain flexibility—allocating capacity toward either expanding Bitcoin exahash production or supporting AI and high-performance computing workloads, depending on which offers the highest value return. The company's continued investment in scalable infrastructure positions HIVE to capitalize on growing global demand for both blockchain validation services and AI-driven compute capacity. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #FrankHolmes #BitcoinMining #CryptoMining #HashrateGrowth #DigitalAssets #ASICMiners #ParaguayOperations #FleetEfficiency #CryptoInfrastructure #BlockchainTechnology #MiningUpdate #SustainableMining #CryptoProduction #BitcoinNews

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Corporate Finance Explained | Financial Due Diligence

FinPod

Play Episode Listen Later Jan 15, 2026 13:07

In corporate development and finance, the excitement of an acquisition often masks the underlying risks. Financial Due Diligence (FDD) is the structured investigation into a company's total financial health. It is the crucial "forensic" step that moves a deal from celebration to investigation, determining whether a transaction is a winning strategy or a multi-billion dollar mistake.The 5 Pillars of Financial Due DiligenceTo assess risk and validate value, finance teams focus on five critical areas in the financial data room:1. Quality of Earnings (QoE)This is the bedrock of FDD. It separates "accounting profits" from repeatable, sustainable core performance. Teams look for Normalization Adjustments, stripping away one-time legal settlements or non-market salaries to find the true Adjusted EBITDA.2. Revenue and Customer AnalysisHigh revenue numbers can be deceiving. Analysts dig into:Customer Concentration Risk: If one customer accounts for 40% of revenue, the valuation must be discounted due to instability.Churn Rates: Understanding why customers leave and how long they stay.Revenue Quality: Differentiating between recurring contracts and one-time projects.3. Working Capital and Cash Flow HealthThis pillar determines if paper profits convert to usable cash. Red flags include:Accounts Receivable Aging: Customers paying slower and slower, masking potential bad debt.Inventory Turnover: Massive buildups that suck cash out of the business without guaranteed future sales.4. Debt and Off-Balance Sheet ItemsLurking "landmines" can blow up deal economics. Analysts search for:Pending litigation or unknown tax exposures.Underfunded pension liabilities.Environmental cleanup costs.5. Forecast AssessmentEvery target company presents a "conservative" growth story. FDD stress-tests these assumptions by modeling the unit economics (e.g., Customer Acquisition Cost vs. Lifetime Value) and building conservative "downside" scenarios.The Role of FP&A: The Bridge to IntegrationIf you are in FP&A, your role is pivotal. You are the bridge between historical numbers and the forward-looking plan. Your team must:Tear apart growth claims: If a company claims 20% growth, what is the required hiring plan and CapEx?Scrutinize Synergies: Cost synergies (office closures) are reliable; revenue synergies (cross-selling) are highly speculative and should be heavily discounted in models.Final Strategic ThoughtFDD is not a box-checking exercise; it is the firewall that protects shareholder value. Master it by prioritizing the Quality of Earnings and never letting deal enthusiasm override forensic investigation.

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Small Cap Breaking News: Don't Miss Today's Top Headlines 01/08/2025

Shoot the Moon with Revenue Rocket

Play Episode Listen Later Jan 8, 2026 14:20

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The Sell Side Masterclass for Tech Services Founders: Valuation Drivers

Play Episode Listen Later Dec 23, 2025 27:26

What Your Business Is Worth: Valuation Drivers for Tech-Services FirmsValuation vs. EBITDA multiple: why they're not the same thingBuyers price future performance and confidence in future cash flowsRevenue quality premiums/discounts: recurring/contracted revenue, churn, concentrationAdjusted EBITDA + add-backs: what's “clean” vs. what gets rejectedSpecialization + growth consistency: vertical expertise can drive premiumsValuation killers: messy books, contracts, founder dependencyHow to increase value in 1–2 years: positioning (incl. AI), revenue quality, leadership/operating model The Sell Side Masterclass for Tech Services Founders Series:Part 1. Knowing When It's Time to Sell: Listen now >>Part 2. Get Your House in Order: Listen now >> Our Podcast playlist for Sellers: https://www.revenuerocket.com/podcast-episodes-for-sellers/ Listen to Shoot the Moon on Apple Podcasts or Spotify.Buy, sell, or grow your tech-enabled services firm with Revenue Rocket.

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Santacruz Silver – Reviewing Q3 Financial And Operational Results, and Looking Ahead To Q4 and 2026 Growth Initiatives

Play Episode Listen Later Dec 5, 2025 21:10

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQX: SCZMF) (FSE: 1SZ), joins me to reiterate their decision to uplist onto the Nasdaq exchange in the US in early 2026, and to delve into the details of Q3 2025 financial and operational results across their portfolio of producing mines in Bolivia and Mexico. On October 28th, the Company announced that it has applied to list its common shares on the Nasdaq Capital Market (NASDAQ); as a significant milestone in Santacruz's growth strategy. We discussed how a big board US listing will increase transparency and liquidity to an expanded American shareholder base, and he explains the rationale for going with the NASDAQ over the NYSE. Santacruz Silver paid off their loan to Glencore in September, and is generating record revenues at current metals prices; so they are in a totally different financial position than a pre-revenue junior resource stock that goes through a share consolidation. The only real change will be a higher share price and a reduced number of outstanding shares post-consolidation, simply to meet the NASDAQ listing requirements. Q3 2025 Highlights (noted in US dollars) Revenues of $79.99 million, a 2% increase year-over-year. Gross Profit of $20.17 million, a 28% increase year-over-year. Net Income of $16.34 million, a 7% decrease year-over-year. Adjusted EBITDA of $19.51 million, a 67% increase year-over-year. Cash & Marketable securities of $59.23 million, a 225% increase year-over-year. Working Capital of $69.20 million, a 186% increase year-over-year. AISC per silver equivalent ounce sold of $35.62, a 30% increase year-over-year. This increased AISC was temporary for this quarter due to brief change currency FX exchange rates, Bolivar dewatering initiatives and reduces production in the quarter, and the development investment at the 960 level at Zimapan. Silver Equivalent Ounces produced of 3,424,817, a 30% increase year-over-year. Arturo guides us through a comprehensive review of all their producing operations starting off addressing how Q3 captured the largest impacts of the water inflow event that first occurred at the Bolívar Mine in May 2025. Since then, their operations team has strengthened the pumping system at Bolívar, with the fourth line commissioned in September and then the installation of a fifth submersible line in Q4; which together have increased total pumping capacity to 340 liters per second (l/s). These improvements are facilitating the gradual dewatering and recovery of the affected zones in the Bolívar mine and production is ongoing. The Company expects production from the high-grade Pomabamba and Nané vein areas at Bolívar to resume in February 2026 and ramp up steadily through the remainder of the year. Next we reviewed the strategic importance of the small but high-margin Porco Mine, giving the company a foothold and good visibility to the Potosi mining district. Then rounding out the review of Bolivian assets, we moved over to the low-cost Caballo Blanco Group of mines and the high-margin San Lucas Group Lucas feed sourcing business (which now includes ore blended from the Reserva Mine). Arturo highlights how the San Lucas metals sales helped offset the lower silver production at the Bolívar Mine in Q3, and will do so again in Q4, providing a great defensive and growing asset inside their portfolio. In Mexico, Zimapán continued to deliver stable production, reflecting consistent plant throughput and recoveries. Part of the reason for higher costs in Q2 and Q3 have been all the equipment and development work invested this year into accessing the higher-grade 960 Level at the Zimapan Mine. This 960 Level is starting to contribute more in the latter part of the Q4 production profile from Zimapan, but will be more significant in Q1 of 2026 and beyond, with capital investment coming down, and grade and metal recoveries going up. Wrapping up we looked ahead to 2026 and discussed future growth through exploration around current mines, the development of the Soracaya Project, and the potential for future accretive acquisitions in the Americas. If you have any follow up questions for Arturo regarding Santacruz Silver, then please email those to me Shad@kereport.com. In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time. Click here to follow the latest news from Santacruz Silver For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

This Small Cap Adtech Company Reported Record Q3 Revenue of CAD $5.13M with 60% YoY Growth

Play Episode Listen Later Dec 3, 2025 27:13

Key performance drivers discussed:Total revenue: CAD $5.13M, up 60% vs. Q3 2024Gross profit: CAD $2.6M, up 48% vs. Q3 2024Deeper direct relationships with global brands and agenciesGrowing demand for custom creative advertising inside mobile gamesKIDOZ has emerged as a standout performer in the small cap adtech landscape. The company operates a global in-app advertising network that reaches hundreds of millions of users each month across mobile games, a channel increasingly favored by many of the world's best-known brands seeking privacy-safe, high-engagement environments. Revenue has expanded steadily over the past several years, rising from $1.9 million in 2017 to $19.2 million in 2024. Its latest quarter reinforces that momentum, with Q3 revenue up 60 percent year over year to a record CAD $5.13 million, supported by meaningful improvements in gross profit and Adjusted EBITDA.The discussion highlights a company not only growing, but doing so with operational discipline. CEO Jason Williams explains how multiple client verticals — from toys and entertainment to fast-food and broader consumer brands — drove performance as advertisers expanded budgets and sought more creative, measurable placements inside games.HOW KIDOZ CAPTURED ITS STRONGEST QUARTER YETKIDOZ's ad-delivery system now powers tens of thousands of mobile apps and is certified by Apple and Google, giving it an advantage as global privacy standards tighten. The platform continues to attract larger, more frequent campaigns from major brands that require certainty around placement quality and performance.A major contributor this quarter was the company's shift toward more direct relationships with agencies and major advertisers. These partnerships are enabling KIDOZ to secure bigger spend commitments and deliver custom creative units that command premium value.“The system today can handle multiples of our annual revenue — now the focus is bringing in the clients to match that capacity,” CEO Jason Williams notes, underscoring the company's readiness for commercial scale.TAILWINDS TRANSFORMING THE MARKETSeveral structural trends are reshaping digital advertising in KIDOZ's favor. AI is disrupting the open web, pushing advertisers to reallocate budgets into in-app environments where content is protected, attention is active, and performance is more predictable. At the same time, new regulatory proposals restricting social-media use for teens could shift even more screen time toward mobile gaming — a segment where KIDOZ already holds deep penetration.POSITIONED FOR A STRONG FINISH AND A STRONGER 2026KIDOZ invested ahead of Q4 to ensure system capacity for the industry's busiest advertising season. With infrastructure now in place, the company is focused on scaling its client base across additional verticals and capturing recurring brand budgets throughout the year, not just during peak cycles.As advertisers seek brand-safe environments with measurable engagement, KIDOZ is becoming increasingly relevant. Its technology, relationships, and market tailwinds align at a moment when global advertisers are actively searching for new high-performance channels.With record results, expanding partnerships, and a market shifting toward its core strengths, KIDOZ enters the next phase of its growth story with momentum and clear visibility into long-term opportunity.

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Small Cap Breaking News: Don't Miss Today's Top Headlines 11/26/2025

Play Episode Listen Later Nov 26, 2025 11:54

Small Cap Breaking News You Can't Miss! Here's a quick rundown of the latest updates from standout small-cap companies making big moves today.Record Revenue as Demand for Low-Power 5G Tracking SurgesBeWhere posted record Q3 revenue of $6.1M, up 21% YoY, driven by the strongest product-sales quarter in company history. Recurring revenue rose 20%, pushing ARR to ~$8.6M. Profitability also strengthened, with gross profit up 42%and record Adjusted EBITDA of $803K.Management says supply-chain improvements, rising device deployments, and growing subscription revenue continue to accelerate momentum.Strong Drill Results Advance Alaska Gold Project Toward Maiden ResourceTectonic released the first results from its massive 2025 drill campaign at Chicken Mountain, including:1.46 g/t Au over 26 m within 0.69 g/t over 125 m1.10 g/t Au over 34 m1.97 g/t Au over 10.7 m, plus a high-grade hit of 12.64 g/t Au over 1.52 mThe project shows 3 km of continuous mineralization, a 100% hit rate, and heap-leach recoveries up to 96%—all strong indicators as the company moves toward its first resource estimateVisible Gold Hit in First Drill Program Since 2008 at N2 Gold ProjectFormation reported visible gold in two early holes at its N2 Project in Quebec—its first drilling in over 15 years.Highlights include a 30.8-metre interval with visible gold in the A Zone, validating high-grade potential across a project hosting a historic 871,000-ounce resource.With 30,000 metres fully funded, $13.7M working capital, and gold trading above $4,000, the company says it is positioned to expand N2 into a near-surface multi-million-ounce opportunity.Aurora West Mineralization Extended 150 Metres West, 600 Metres Down-DipTDG's latest drill holes at the Greater Shasta-Newberry project returned long copper-gold intervals:1.26 g/t Au, 0.29% Cu over 82.3 m0.94 g/t Au, 0.24% Cu over 142.2 m, including a higher-grade 56 m @ 1.54 g/t AuThe results extend mineralization 150 m west of the property boundary and outline a growing footprint of ~150 × 600 metres, still open in every direction.Long Near-Surface Nickel Intervals Strengthen Beaver-Lynx as Critical Minerals TargetInomin drilled thick nickel-bearing zones starting near surface, including:161.5 m @ 0.19% Ni148.1 m @ 0.20% Ni123.0 m @ 0.19% NiThe program, funded by Sumitomo Metal Mining, confirms continuity across the South zone and highlights district-scale potential with multiple large magnetic targets across the Beaver and Lynx blocks.BeWhere: Record revenue + rising recurring revenueTectonic Metals: Strong gold intercepts with heap-leach potentialFormation Metals: Visible gold confirms high-grade potentialTDG Gold: Mineralization expanded 150 m west at Aurora WestInomin Mines: Thick near-surface nickel supports district-scale potentialStay tuned for more small-cap coverage!Follow AGORACOM for the latest breaking news and exclusive updates.BeWhere Holdings (TSXV: BEW)Tectonic Metals (TSXV: TECT)Formation Metals (CSE: FOMO)TDG Gold (TSXV: TDG)Inomin Mines (TSXV: MINE)One-Bullet Key Takeaways

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Luca Mining – Review Of Q3 Operations and Financials, Ongoing Metallurgical Studies, Development Work, Expanded Exploration Programs

Play Episode Listen Later Nov 21, 2025 20:42

Dan Barnholden, CEO of Luca Mining (TSX.V:LUCA – OTCQX:LUCMF – FSE:TSGA), joins us to review their Q3 operations and key financial metrics, further debt repayment, ongoing metallurgical studies and development work, expanded exploration programs. He provides insights on key upcoming growth initiatives through improving grades and better precious metals recoveries across both of Luca's producing assets – the Campo Morado and Tahuehueto mines, located in the prolific Sierra Madre mineralized belt in Mexico. Third Quarter 2025 Highlights Safety: continued emphasis on safe, disciplined operations with strengthened housekeeping and visible leadership engagement across both sites. Throughput increased: consolidated tonnes milled of 250,807 (+66% vs. prior year), supported by increased plant availability at both mines which has resulted in higher metal output: Gold increased 51%, Silver increased 97%, Zinc increased 78%, Lead increased 81%, Copper increased 43% over Q3 2024. Profitability indicators: Adjusted EBITDA of $4.3 million for the quarter and positive year-to-date adjusted net earnings of $12.8 million, a reflection of greater operational performance. Revenue momentum: Revenues of $35.0 million (+94% vs. prior year), supported by higher sales volumes and increased realized precious-metal prices (gold +28%, silver +18%). Campo Morado performance: production in Q3 improved year-over-year (+75% ZnEq pounds) on higher grades, notably zinc (+30%) and silver (+27%) and increased volumes (+43% tonnes milled per day). Cash costs decreased to $1.09 per payable ZnEq pound (-14% vs. prior year) with AISC of $1.43/lb slightly increased (+8%) from the same quarter in the prior period, reflecting increased sustaining capital development and the commencement of a significant exploration program at the mine (all of the Company's exploration expenditures are included in AISC). Tahuehueto ramp-up: 77,548 tonnes milled, setting a record of 969 tonnes milled per day in the quarter (+187% vs. prior year), with AuEq production up 74% year-over-year. As a result of increased volumes, direct cost per tonne reduced to $149 (-22%). Lower grades in the quarter, as well as increased capital development and exploration, resulted in an increase in AISC (+35%) year-over-year. Increased grades and the benefit of this capital development are expected to decrease AISC at Tahuehueto in the subsequent periods. Investment for reliability: sustaining capital investment of $8.7 million in the quarter ($19.0 million YTD) to accelerate underground development and exploration drilling, positioning both mines for improved grades and operating flexibility. The Company made significant progress in exploration, with multiple high-grade intercepts at both operations. Repaid $2.5 million in debt. Operations going forward: Both Tahuehueto and Campo Morado are expected to enter higher-grade areas which, combined with the strong milling rates observed at both mines, is expected to drive increased production, improved recoveries, and lower unit costs through year-end. Dan goes on to highlight both the expanded CAD$25Million exploration program, with both underground drilling and surface drilling going on at Campo Morado and Tahuehueto, in the first meaningful drill campaign in over a decade. In addition to targeting new high-grade gold and silver areas, like the Reforma zone, there is also a concerted effort to expand mineralization and extend the mine life for both projects. The company is also engaged in ongoing metallurgical testing to improve recovery rates for their 5 metals, and 3 concentrates. If you have any question for Dan regarding Luca Mining, then please email those into us at Fleck@kereport.com or Shad@kereport.com. In full disclosure Shad is a shareholder of Luca Mining at the time of this recording and may choose to buy or sell shares at any time. Click here to follow the latest news from Luca Mining For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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Episode 707: Delivra Health Brands' ($DHB) FY2025 Results: Revenue Growth, Strong Margins & Future Plans

Stocks To Watch

Play Episode Listen Later Oct 20, 2025 9:08

Delivra Health Brands (TSXV: DHB | OTCQB: DHBUF) continues to deliver on its growth strategy, reporting solid FY2025 results and setting the stage for the company's next phase of expansion.In this interview, President & CEO Gord Davey discusses their strong FY2025 performance, including 8% year-over-year revenue growth, a 51% gross margin, and the company's third consecutive year of positive Adjusted EBITDA. With trusted brands like Dream Water® and LivRelief™, the company is turning consistency into momentum and sustainability into long-term value creation.Gord also shares the five strategic pillars driving Delivra Health Brands' next phase of expansion. Watch the full interview to learn how the CPG company is positioning itself as a leader in health and wellness products.Learn more about Delivra Health Brands: https://www.delivrahealthbrands.com/Watch the full YouTube interview here: https://youtu.be/pO0A46eZ-KUAnd follow us to stay updated: https://www.youtube.com/@GlobalOneMedia

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Episode 707: Delivra Health Brands' ($DHB) FY2025 Results: Revenue Growth, Strong Margins & Future Plans

Stocks To Watch

Play Episode Listen Later Oct 20, 2025 9:08

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Cerrado Gold – Q2 2025 Financials And Exploration Initiatives at Minera Don Nicolas, Key Upcoming Development Catalysts At Lagoa Salgada and Mont Sorcier

Play Episode Listen Later Sep 5, 2025 22:03

Mark Brennan, Founder, CEO, and Director of Cerrado Gold Inc (TSX.V: CERT) (OTCQX: CRDOF), joins me to review the Q2 2025 financials and operations, along with the dual-pronged 20,000 meter expansionary exploration program at the producing Minera Don Nicolas gold mine in Argentina, and the value proposition key upcoming development catalysts at the Lagoa Salgada VMS Project in Portugal and the Mont Sorcier Iron-Vanadium project in Quebec. Q2/25 MDN Operating Highlights: Q2/25 production of 11,437 GEO and AISC of $1,779/oz Unit costs expected to continue to decline as production increases in H2/2025 Q2/25 Adjusted EBITDA of $7.4 million Record heap leach production of 7,864 GEO during the Quarter Underground development at Paloma started with three access portals CIL plant receiving initial contribution from underground development; production expected to ramp up over H2/2025 20,000m Exploration Program underway at MDN targeting potential significant resource growth opportunities Mark and I review their Minera Don Nicolas producing gold project in Argentina, and the record heap leach gold equivalent ounce production for the quarter. There is expanded and improved crushing capacity at the heap leach, from the newly installed secondary crusher, and this will continue to be impactful on a move-forward basis in Q3 and beyond, with the quantity of ore being placed on the pad having increased, and with it helping to reduce down unit costs into H2. The production profile will also keep growing with the underground mining having now commenced. With higher gold prices, the CIL plant continued to process lower-grade stockpiles in Q2/25, but new high-grade material from the underground mining operations will start being blended with it moving forward, and this will increase the average grade throughput at the mill. Another area of future growth will be the 20,000 meter drill program will be a combination of underground exploration work targeting new areas of mineralization and growing the mine life, in addition to surface drilling that is exploring around the open pit resources, as well as identifying additional satellite open-pits at surface. Next we unpacked the growing value proposition at the Lagoa Salgada VMS Project in Portugal, with a Post-tax NPV of US$147 million and a 39% IRR in the current Feasibility Study. This Project adds both substantial precious metals resources along with critical minerals exposure (42 % Gold & Silver, 24% zinc, 14% copper, and 5% tin) to the future production profile. We also discuss the various work streams leading to optimized Feasibility Study in Q4, a construction decision by Q1 2026. Construction is targeted for H2 of 2026, with first production slated for early 2028. We wrap up discussing the underappreciated value and ongoing derisking work that is moving towards a Bankable Feasibility Study in Q1 of 2026 at the Mont Sorcier Iron-Vanadium in Quebec. Recent metallurgical test work, has reaffirmed the potential to produce high-grade and high-purity iron concentrate grading in excess of 67% iron with silica and alumina content below 2.3%. If you have questions for Mark regarding Cerrado Gold, then please email those to me at Shad@kereport.com. * In full disclosure, Shad is a shareholder of Cerrado Gold at the time of this recording, and may choose to buy or sell shares at any time. Click here to see the latest news from Cerrado Gold.

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Sierra Madre Gold and Silver – Q2 2025 Financials And Operations, Mining Commenced At Coloso, Recent Financing Accelerates Future Growth

Play Episode Listen Later Sep 4, 2025 18:26

Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins us to review the Q2 2025 operations and financials showing profitability as the operations team continues fine-tuning the mining and milling processes at the site, at the La Guitarra Mine and processing plant, in Mexico. Additionally, production is ramping up at the higher-grade Coloso mining center, where dewatering and underground development are underway. We also discuss how the recent $19.5Million financing announced on July 31st, funds the future development and exploration value drivers for the Company across their district-scale land package. Q2 2025 Highlights Net Revenues: Silver revenues for the quarter totalled $2.18 million ($33.20 per ounce) and gold revenues totalled $3.59 million ($3,271 per ounce). Net revenues for Q2 2025 increased by 10.7% to $5.36 million or $30.87 per AgEq ounce sold as compared to $4.84 million or $29.32 per AgEq ounce in the quarter ended March 31, 2025. Sales: In Q2, the Company sold 65,683 ounces of silver ("Ag") and 1,096 ounces of gold ("Au") or 173,562 silver equivalent ("AgEq") ounces. Cost of sales was $4.07 million for Q2 2025, or approximately $23.45 per AgEq ounce sold as compared to $3.60 million, or $21.84 per AgEq ounce sold for Q1 2025. Adjusted EBITDA increased by 37.5% to $1.46 million for Q2 2025, compared to $1.07 million for Q1 2025. All-in-sustaining costs per AgEq ounce sold of $30.10 per ounce, compared to $28.98 in Q1 2025. In Q2 2025, production unit costs were impacted by the effects of an early onset of the Mexico rainy season and related power outages on production volumes, wage increases, increased depreciation and depletion. Gross Profit was $1.29 million for Q2 2025 ($1.23 million in Q1 2025). Cash provided by operating activities was $1.00 million for the six months ended June 30, 2025 ("H1 2025") and includes $535,000 generated in Q1 2025. Current assets, including cash, totaled $5.93 million at June 30, 2025 ($4.33 million at March 31, 2025). Closed C$19.5M Private Placement: On July 24th and July 31st, 2025 in two tranches. First Majestic Loan Extension: On May 30, 2025, the Company and First Majestic Silver Corp. agreed to extend the $5 million senior secured project financing loan for an additional twelve months to mature on May 8, 2027. All other terms of the agreement remain unchanged. Additional Operational Details Mine Operations: Milled 41,235 tonnes of material, with silver recoveries averaging 76.62% and gold recoveries averaging 77.95%. Production: Produced 66,011 ounces of silver and 1,048 ounces of gold (vs. production of 70,176 ounces of silver and 1,001 ounces of gold in Q1 2025). Coloso Mining: On April 29th, mining at the high-grade Coloso Mine restarted within the Guitarra Complex with the first stope being brought into production. Equipment Purchases: In H1 2025, spent $764,000 to acquire mining and mobile equipment and refurbish underground equipment (including $378,000 spent in Q1 2025). Development: $113,000 spent on mine development in H1 2025. Exploration: spent $362,000 on exploration and evaluation activities in H1 2025, which includes capitalized concession fees. Alex discussed how the C$19.5 million financing, supported by high-quality institutional shareholders, will be deployed in part to purchase additional equipment and implement improvements at the mine to reduce costs and increase production grades and volumes in the near-term. They are finalizing plans for a plant expansion to increase capacity up from the current 500 t/d run rate, and preparing for a significant exploration program at the East District concessions, which will include a drill program of over 25,000 meters. The property hosts 8 different past-producing mines, with the first 2 priorities being to explore around the El Rincon and Mina de Agua mines. Additionally, there is a non-compliant 17 million ounce historic resource at the Nazareno Mine, and also solid underground infrastructure connecting to the nearby high-grade Coloso Mine, that First Majestic had put quite a bit of sunk cost into already. If you have any questions for Alex regarding Sierra Madre Gold and Silver, then please email them to me at either Shad@kereport.com. Click here to follow along with the latest news from Sierra Madre Gold & Silver In full disclosure, Shad is a shareholder of Sierra Madre Gold and Silver and may choose to buy or sell shares at any time. Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions.

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Guanajuato Silver - Q2 Financials, Operations and Exploration Update At 4 Mines, Pinguico Permit, and Growth Strategies

Play Episode Listen Later Aug 30, 2025 21:04

James Anderson, CEO of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF), joins me to review their Q2 2025 financials, an operations and exploration update at their 4 producing mines in Mexico, the permitting approval for future development at Pinguico, and the strategy for growth in H2 2025 and beyond. Selected Q2 2025 Highlights: Mine operating income of $3.38M was the fifth consecutive positive quarter; mine operating income totaled US$8.2M for H1 2025. Adjusted EBITDA of $1.89M was also positive for the fifth consecutive quarter. Working capital deficiency improved by 56% or $8.7M during H1, 2025; down from -$15.4M to -$6.7M. The average realized silver price for the quarter was $33.58 per ounce, up 5.2% from Q1. The average realized gold price for the quarter was $3,278 per ounce. Guanajuato Silver is a primary precious metals producer with over 90% of the Company's revenue derived from the production and sale of silver and gold. Production for the quarter was 659,237 silver equivalent ("AgEq") ounces. Production consisted of 321,990 ounces of silver, 2,913 ounces of gold, 683,163 pounds of lead, and 853,646 pounds of zinc. James reviewed a number of equipment purchases and underground operational initiatives implemented in the quarter, that will improve future working efficiencies at all four of their producing assets in Mexico. Guanajuato Silver produces silver and gold concentrates from the El Cubo Mine Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mining centers are located within the state of Guanajuato. In addition, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. Next we discussed that the past-producing Pinguico Mine, an epithermal gold-silver vein project, and a satellite project to the nearby El Cubo Mines Complex, received a key development permit on August 6th that allows the Company to advance this wholly owned project. Receipt of a General Use Explosives Permit, issued by the Ministry of Defense, allows for restart of development work at Pinguico. Drifting along the mineralized San Jose vein structure towards the Pinguico underground stockpile is expected to recommence in Q4, 2025. We then got a comprehensive exploration update at Pinguico, the El Horcon Mine, and reviewed some of the recent drill intercepts at the new high-grade zone at the San Ignacio Mine. Wrapping up James summarizes the various growth initiatives across the Company's portfolio of projects, and why he anticipates improving metrics over the balance of 2025. If you have any follow up questions for James on Guanajuato Silver, then please email them into me at Shad@kereport.com. In full disclosure, Shad is a shareholder of Guanajuato Silver at the time of this recording and may choose to buy or sell shares at any time. Click here to follow the latest news from Guanajuato Silver

Small Cap Breaking News: Don't Miss Today's Top Headlines 08/28/2025

Play Episode Listen Later Aug 28, 2025 14:25

Small Cap Breaking News You Can't Miss! Here's a quick rundown of the latest updates from standout small-cap companies making big moves today.Group Eleven (TSXV: ZNG) The company extended the strike length at its Ballywire discovery in Ireland to 1.4 km, with standout assays of 6.2m at 312 g/t silver and 0.95% copper, including a spectacular 2,470 g/t silver and 5.87% copper over 30 cm. With three rigs turning and strong cash reserves, Group Eleven is pushing toward defining a globally significant polymetallic system.Magma Silver (TSXV: MGMA) Magma has partnered with AGORACOM to launch a 12-month AI-powered investor marketing campaign, including a verified investor forum for shareholder engagement. As the company advances its Niñobamba silver-gold project in Peru, this initiative aims to boost visibility and investor confidence ahead of drilling.Antimony Resources (CSE: ATMY) At its Bald Hill project in New Brunswick, the company reported high-grade results including 5.27% antimony over 4.95m and 19% Sb over 0.4m. Mineralization is now traced 400m along strike and to 400m depth, reinforcing Bald Hill as a potential critical North American antimony supply source.Tribe Property Technologies (TSXV: TRBE) Tribe posted 32% year-over-year revenue growth in Q2 2025 to $8.1M, alongside a 97% improvement in Adjusted EBITDA, nearly reaching breakeven. Expansion in Toronto and the acquisition of Ace Agencies boosted scale, signaling momentum toward profitability in Canada's growing proptech sector.Bullion Gold (TSXV: BGD) Surface sampling at the Bodo Project in Quebec returned impressive grades of 15.5% copper, 137 g/t silver, and 6.85 g/t gold. A new gold target was also identified at Holton Creek, expanding exploration potential across multiple zones. These results highlight strong multi-commodity upside as drilling approaches.Follow AGORACOM for more breaking small-cap news and updates — and don't miss our latest interviews on the AGORACOM Small Cap Podcast.

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Santacruz Silver – Record Q2 2025 Financials and Comprehensive Operations Review In Mexico And Bolivia

Play Episode Listen Later Aug 27, 2025 22:07

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQB: SCZMF), joins me to recap the key record Q2 2025 financial results along with a comprehensive review of all operations. Santacruz Silver operates 1 mine in Mexico, and 5 mines, 3 mills, and an ore feed-sourcing and metals trading business in Bolivia, as an emerging mid-tier silver and base metals producer. Q2 2025 Highlights Revenues of $73.3 million, a 4% increase year-over-year. Gross Profit of $25.3 million, a 59% increase year-over-year. Net Income of $21.0 million, a 1,348% increase year-over-year. Adjusted EBITDA of $26.8 million, a 68% increase year-over-year. Cash and short- and long-term investments of $57.8 million, a 691% increase year-over-year. Working Capital of $60.3 million, a 303% increase year-over-year. Cash cost per silver equivalent ounce sold ($/oz) of $19.48, a 10% decrease year-over-year. AISC per silver equivalent ounce sold of $22.95, a 8% decrease year-over-year. Silver Equivalent Ounces produced of 3,547,054, a 15% decrease year-over-year1. Q2 2025 Production Highlights: Silver Equivalent Production: 3,547,054 silver equivalent ounces Silver Production: 1,423,081 ounces Zinc Production: 21,148 tonnes Lead Production: 2,773 tonnes Copper Production: 229 tonnes Arturo discussed the very strong revenues, gross profit, net income, adjusted EBITDA, cash and cash equivalents, and working capital all up substantially in year-over-year metrics. In addition their cash costs and All-In Sustaining Costs (AISC) numbers came down in a meaningful way due to a combination of factors from mine optimization work paying off, to favorable currency exchange rates, and the positive impact of paying down the Glencore loan early, which will save the Company US$40 million. The Company plans to successfully complete the final 2 payments to Glencore by October 31, 2025, and will likely pay off both installments in the month of September. The company also announced a sale of 70 million Bolivian Bolivianos Promissory Note at 7.00% interest rate, a maturity date of June 15, 2026, just to give them treasury efficiencies for working capital in country. Switching over to the operations for the quarter, there was better revenues from their San Lucas ore-feeding business, which is now absorbing the Reserva Mine ore to then blend it with ore from the small-scale miners. This leaves the ore from both the Tres Amigos and Colquechaquita mines to report to Caballo Blanco, making all operations much more efficient with better metals recoveries. The San Lucas production and revenues largely offset the lagging effects in the quarter from the water issues at Bolivar, which have now been mostly resolved, and those high-grade veins will be a bigger contributor to production again for H2 of 2025. Transitioning over to Mexico, we discussed the higher-grade 960 Level at the Zimapan Mine starting to contribute, and how this will continue growing in the Q3 and Q4 production profile from Zimapan for the balance of this year and for many years into the future. Arturo also highlighted that with the strength of the balance sheet, the coming elimination of the Glencore debt, and robust incoming revenues, that the Company is now currently ramping up more exploration and development work at their Soracaya Project, to put it on the pathway to primary silver production about a year and a half out. An internal study was completed by Glencore with an estimated capex of ~US$40MM for construction of a processing plant and tailings facility. Mine plan envisions a 7 year mine life with average annual payable production of ~4.5MM oz AgEq (based on consensus prices). Development is subject to permitting. If you have any follow up questions for Arturo regarding Santacruz Silver, then please email them to me Shad@kereport.com. In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time. Click here to follow the latest news from Santacruz Silver

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Small Cap Breaking News: Don't Miss Today's Top Headlines 08/13/2025

Play Episode Listen Later Aug 13, 2025 15:03

Small Cap Breaking News You Can't Miss! Here's a quick rundown of the latest updates from standout small-cap companies making big moves today:First Atlantic Nickel (TSXV: FAN) Longest Nickel Intercept to Date at RPM ZoneFirst Atlantic Nickel has delivered a game-changing drill result—447.35 meters of continuous nickel mineralization from its RPM Zone in Newfoundland. This is the longest and most consistent intercept yet, with magnetic concentrate grades hitting 1.27% nickel and 1.69% chromium, and peak recoveries up to 81.4%. With a smelter-free, environmentally friendly processing method and strategic alignment with U.S. critical mineral policies, the company is positioning itself as a key domestic nickel supplier in the clean energy transition. Osisko Metals (TSXV: OM) Massive Copper Intercepts Strengthen Gaspé ProjectOsisko Metals reported standout drill results at its Gaspé Copper Project in Québec, including 730.7 meters at 0.29% copper and 754.5 meters at 0.24% copper. The project now boasts 824M tonnes Indicated and 670M tonnes Inferred resources. As demand for copper surges globally, Gaspé is shaping up to be a cornerstone asset with scale, infrastructure, and geopolitical advantages. HEALWELL AI (TSX: AIDX) 645% Revenue Surge + First Positive EBITDAHEALWELL AI just posted record-breaking Q2 2025 results: $40.5M in revenue, up from $5.4M last year, and its first-ever positive Adjusted EBITDA of $1.9M. The Orion Health acquisition is driving growth, adding 70+ clients in 11 countries. With a pivot toward pure-play AI software, HEALWELL is scaling rapidly in the digital health space. Solstice Gold (TSXV: SGC) New Gold Discovery at Red Cedar ZoneSolstice Gold hit 8.52 g/t gold over 3.5m, including 28.7 g/t over 1m, in its first-ever drill at the Strathy Gold Project in Ontario's Abitibi Belt. With 30+ untested anomalies, historic intercepts, and multiple gold-bearing structures confirmed, the project is ripe for aggressive follow-up and value creation. Argenta Silver (TSXV: AGAG) Record-Breaking Silver Grade at El QuevarArgenta Silver announced an eye-popping 18,467 g/t silver over 1.05m, within a broader 40m interval averaging 1,026 g/t at its Yaxtché deposit in Argentina. These are the highest grades ever recorded at the project. With less than 3% of the property explored and new targets underway, Argenta is emerging as a leader in Latin America's silver surge. Follow AGORACOM for more breaking small-cap news and real-time updates from the companies transforming their sectors—before the big players catch on!

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Santacruz Silver – Record Q1 2025 Financials and Comprehensive Operations Review In Mexico And Bolivia

Play Episode Listen Later Jun 13, 2025 18:44

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQB: SCZMF), joins me to recap the key record Q1 2025 financial results along with a comprehensive review of all operations. Santacruz Silver operates 1 mine in Mexico, and 5 mines, 3 mills, and an ore feed-sourcing and metals trading business in Bolivia, as an emerging mid-tier silver and base metals producer. Q1 2025 Highlights Revenues of $70.3 million, a 34% increase year-over-year. Gross Profit of $27.9 million, a 6882% increase year-over-year. Net Income of $9.5 million, a 93% decrease year-over-year1. Adjusted EBITDA of $27.5 million, a 2202% increase year-over-year. Cash and cash equivalents of $32.5 million, a 706% increase year-over-year. Working Capital of $51.7 million, a 7530% increase year-over-year. Cash cost per silver equivalent ounce sold ($/oz) of $17.84, a 16% decrease year-over-year. AISC per silver equivalent ounce sold of $22.34, a 8% decrease year-over-year. Silver Equivalent Ounces produced of 3,688,129, a 5% decrease year-over-year. Q1 2025 Production Highlights: Silver Equivalent Production: 3,688,129 silver equivalent ounces Silver Production: 1,590,063 ounces Zinc Production: 20,719 tonnes Lead Production: 2,718 tonnes Copper Production: 279 tonnes Underground Development: 10,135 meters Arturo discussed the very strong revenues, gross profit, cash and cash equivalents, adjusted EBITDA, and working capital up substantial in year-over-year metrics. In addition their cash costs and All-In Sustaining Costs (AISC) numbers came down in a meaningful way due to a combination of factors from mine optimization work paying off, to favorable currency exchange rates, and the positive impact of paying down the Glencore loan early. Additionally, there was better setup with San Lucas ore-feeding business absorbing the Reserva Mine ore to blend with ore from the small-scale miners, and with it not being blended with Tres Amigos and CQCQT. This made Caballo Blanco much more efficient with better metals recoveries, as well as the San Lucas operations improving efficiencies. The water issues at Bolivar were limited to just this quarter and resolved and the reason Zimapan was higher cost this quarter was because they just bought some new equipment to optimize operations (like 3 new Scoop trams), and to take advantage of the higher-grade 960 Level. Those were both one-off effects taken in Q1, but resolved for Q2 and moving forward for the balance of the year. Wrapping up we reviewed the plan in place to exercise its Acceleration Option to satisfy the Base Purchase Price owed to Glencore, by making payments on a schedule that aligns the accelerated timing whilst meeting the Company's commitment to financial discipline and a strong balance sheet. The plan's primary objective is to save the Company US$40 million. The Company successfully completed payments to Glencore of USD$17.5 million by the end of Q1, and will be paying the remaining of USD$22.5 million by October 31, 2025. If you have any follow up questions for Arturo regarding Santacruz Silver, then please email them to me Shad@kereport.com. In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time. Click here to follow the latest news from Santacruz Silver

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Kidoz Approaches $56M In Revenue Last 3 Years As Leader In Kid-Safe Mobile Advertising

Play Episode Listen Later Jun 4, 2025 31:31

Q1 2025 Financial Highlights (CAD):Revenue: $3.9 million — a 54% increase from Q1 2024's $2.5 million.Net Income: $86,000 — a turnaround from a net loss of $1.0 million in Q1 2024.Adjusted EBITDA: $112,000 — compared to a negative $755,000 in Q1 2024.Cash Position: $4.7 million as of March 31, 2025, up from $3.9 million at December 31, 2024.Working Capital: $6.3 million as of March 31, 2025, compared to $5.9 million at December 31, 2024.Kidoz Inc. $KDOZ / $KDOZF is capturing investor attention with its record-setting Q1 2025 performance and growing global footprint. The company specializes in privacy-first mobile advertising for children and families—an area of mounting importance in a post-cookie, compliance-driven world. Trusted by brands like Lego, Mattel, McDonald's, and Kraft, Kidoz now operates in over 60 countries through 5,000 apps that reach more than 500 million users monthly. “Kidoz experienced unprecedented demand from our brand partners in the first quarter of 2025, sending revenue to record first quarter highs. This incredible performance enabled our second consecutive quarterly profit and positions the Company perfectly to secure a record full year of operations” – Jason Williams, CEOSTRATEGIC MOVES: GOING DIRECT AND EXPANDING GLOBALLYKidoz has pivoted toward direct relationships with brands, especially in the U.S., while continuing to work with trusted resellers in Europe. This strategy is translating into stronger engagement, deeper partnerships, and expanded brand trust. The company's adtech stack now includes programmatic infrastructure — giving advertisers full-spectrum tools to reach their target audiences.WHY MARKET CONDITIONS ARE TAILWINDS - NOT HEADWINDSAs AI reshapes traditional digital advertising, Kidoz remains well-positioned by focusing on in-app mobile gaming—a fast-growing entertainment vertical that remains untouched by algorithmic disruption. Gaming is increasingly favored by advertisers because it offers a controlled, brand-safe environment, unlike social media platforms that are often crowded, unpredictable, and subject to reputational risks.Kidoz's system is built to comply with privacy laws from the ground up, ensuring that brands don't have to sacrifice performance to stay compliant. Its contextual, tracking-free technology allows companies to reach under-13 audiences effectively, without regulatory risk or inflated costs.“Unlike adtech peers navigating regulatory headwinds, Kidoz was purpose-built to meet the strictest data privacy laws. It is certified by PRIVO under COPPA Safe Harbor and GDPRkids™, offering global advertisers a safe, scalable solution in a highly regulated space.”MARKET OUTLOOK AND FUTURE POTENTIALWith a profitable business model, accelerating demand from global brands, and a compliance-first architecture, Kidoz is positioned for long-term growth. The company is actively developing new products to reduce seasonality and drive more stable, year-round performance.CONCLUSIONKidoz has proven its model with strong financials, global reach, and a value proposition that resonates in today's privacy-focused ad market. For investors seeking high-growth small caps with recurring revenue, regulatory advantages, and real traction, Kidoz is a compelling story to watch unfold.

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Mako Mining – Q1 2025 Financials And Operations At San Albino, Mining To Commence At Moss Mine In June, and Key Development Work At Eagle Mountain Project

Play Episode Listen Later Jun 3, 2025 32:45

Akiba Leisman, President and CEO of Mako Mining (TSX.V:MKO – OTCQX:MAKOF), joins us to review the Q1 financial and operations results from the San Albino Mine in Nicaragua, along with some ongoing residual leaching during the period from the recently acquired Moss Mine in Arizona. We also unpack the anticipated mining to begin at the Moss Mine later this month in June, and what to anticipate for the several months of ramp up of increased production. Additionally, we delve into the next key steps for derisking and development work at the Eagle Mountain Gold Project in Guyana to be in production there about 2 years out. This is a longer-format interview where we get into many nuances of operations in all 3 jurisdictions. The Company's financial results for Q1 2025 reflect record gold sales from its San Albino and Moss Mine of $31.8 million (vs. $19.2 million in Q1 2024), which generated $19.9 million in Mine Operating Cash Flow, $16.1 million in Adjusted EBITDA, and $9.4 million in Net Income. The Company sold 10,817 oz of gold at an average price of $2,915/oz with a $1,239 Cash Cost and $1,411 All-In Sustaining Cost ("AISC") ($/oz sold). Subsequent to March 31, 2025 Mako delivered the final installment of 13,500 oz of silver on the Sailfish Silver Loan. Q2 2025 (through May 31st) - Mako Mining Financial Highlights $25.1 million in Revenue from 7,409 oz of gold at $3,327/oz and 13,529 oz of silver at $33.03/oz $22.0 million in Cash and Receivables and $3.3 million in Restricted Cash (50% will become unrestricted in June 2025) There is also a substantial exploration program underway all around the San Albino Project in Nicaragua, around the San Albino Mine, as the Las Conchitas concessions, and of particular interest at the El Golfo concessions. Drill hole EJ25-RC53 at El Golfo intersected a wide, high-grade interval of 39.15 g/t Au and 27.8 g/t Ag over 8.0 m (5.9 m ETW), 19.2 m below surface. Akiba points out that the Moss mine has been producing gold the last few month through residual leaching at its beneficiation facilities, but their team is going to start mining again starting at the end of June, and then it will take several months for new materials moved onto the leach pads to charge up increased production again. A technical report is slated to be put out later in the year around September, after a few months of ramping up mining and assessing the resources in place. When the Moss Mine has been debottlenecked over time from a mining and permitting perspective and is producing at the grade and rate they believe is possible, it could almost double their current production profile with approximately another 40,000 ounces of gold production per year out of Arizona. Mako is also currently derisking their Eagle Mountain project in Guyana, and working on the next key deliverable of an agreement between the government and local stakeholders, and doing all the background environmental and engineering work to being the process for their EIA permit. Once it is received back and a construction decision is made, there will be roughly a 1 year build, and then production is slated for Q2 of 2027 at an estimated 65,000 ounces per year. When this added to the production out of Nicaragua and Arizona there is clear line of sight to growing into a mid-tier gold producer. If you have any further questions for Akiba regarding Mako Mining, then please email them into us at either Fleck@kereport.com or Shad@kereport.com. In full disclosure, Shad is a shareholder of Mako Mining at the time of this recording and may choose to buy or sell more shares at any time. Click here for a summary of the recent news out of Mako Mining.

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Guanajuato Silver – Solid Q1 2025 Financials And US$4.8M In Positive Mine Operating Income Demonstrate That The Company Is At A Strong Inflection Point