Latest news with #Porcupine
Forbes
10-07-2025
- Entertainment
- Forbes
Today's ‘Wordle' #1482 Hints, Clues And Answer For Thursday, July 10th
How to solve today's Wordle. Looking for Wednesday's Wordle hints, clues and answer? You can find them here: It's Thor's Day again, which means Odin has his day yesterday, which also means that yesterday was Wordle Wednesday and I gave you a rather puzzling puzzle to solve prior to tackling the daily Wordle. I'll post the answer below. First, here was the puzzle: Five animals gather at a round table for their first Book Club meeting. They're trying to decide which author to read. Each animal has brought a snack. The animals are Bear, Porcupine, Otter, Fox and Owl. Each animal sits at a numbered chair, 1-5. The snacks they've brought are Pretzels, Cookies, Chips, Muffins and Fruit. The books they've brought are by Austen, Orwell, Tolkien, Shelley and Dostoevsky. Using the following clues, determine which animal brought which author and snack and where they're seated at the table. Here is a seating chart. 'Across from' or 'Directly across from' refers to any points connected by the lines. The Puzzle It helps solve this puzzle if you use the layout above and sort of fill in the blanks as you go. Each clue gives you a tiny piece of information and all of them combined provide you enough info to get to this final layout: The solution Seat #1: Porcupine — Tolkien — Muffins Seat #2: Owl — Shelley — Fruit Seat #3: Fox — Orwell — Cookies Seat #4 Otter — Austen — Chips Seat #5: Bear — Dostoevsky — Pretzels Nobody messaged me the answer to this so I assume it was just too much work. I promise, next week's will be easier. Now let's solve today's Wordle! How To Solve Today's Wordle The Hint: Nervous, fidgety. The Clue: This Wordle ends in a 'Y'. Okay, spoilers below! The answer is coming! . . . Today's Wordle Every day I check Wordle Bot to help analyze my guessing game. You can check your Wordles with Wordle Bot right here. This was a tough one! Even the Wordle Bot struggled. CHORE left me with 454 remaining words and STAIN only cut that to 35. I had exactly 0 green or yellow boxes, but that's true of the Bot as well. BULKY cut that number down to 15, which left me in a tight spot. So many very similar words remained. I went with DUMPY and that left me with just 1: JUMPY for the win. Thank goodness...I was getting a little jumpy! Today's Wordle Bot The Bot and I each get -1 for guessing in five and 0 for tying. Our July totals become: Erik: -4 points Wordle Bot: 6 points The word jumpy is an informal adjective formed from jump + -y, meaning 'apt to jump.' It originated in American English around 1889 to describe someone nervous, skittish, or easily startled—like someone ready to jump at any sudden movement. Let me know how you fared with your Wordle today on Twitter, Instagram or Facebook. Also be sure to subscribe to my YouTube channel and follow me here on this blog where I write about games, TV shows and movies when I'm not writing puzzle guides. Sign up for my newsletter for more reviews and commentary on entertainment and culture.
Forbes
08-07-2025
- Entertainment
- Forbes
Today's ‘Wordle' #1481 Hints, Clues And Answer For Wednesday, July 9th
How to solve today's Wordle. Looking for Tuesday's Wordle hints, clues and answer? You can find them here: Wordle Wednesday has returned and as with every Wednesday, I have a special puzzle for your to solve before we get to the daily Wordle. Here's today's: Five animals gather at a round table for their first Book Club meeting. They're trying to decide which author to read. Each animal has brought a snack. The animals are Bear, Porcupine, Otter, Fox and Owl. Each animal sits at a numbered chair, 1-5. The snacks they've brought are Pretzels, Cookies, Chips, Muffins and Fruit. The books they've brought are by Austen, Orwell, Tolkien, Shelley and Dostoevsky. Using the following clues, determine which animal brought which author and snack and where they're seated at the table. Here is a seating chart. 'Across from' or 'Directly across from' refers to any points connected by the lines. The Puzzle Let me know if you solve this one. I'll post the solution in tomorrow's Wordle Guide. Now let's solve this Wordle! How To Solve Today's Wordle The Hint: Pure fiction. The Clue: This Wordle begins and ends with consonants. Okay, spoilers below! The answer is coming! . . . Today's Wordle Every day I check Wordle Bot to help analyze my guessing game. You can check your Wordles with Wordle Bot right here. As you can see, my puzzle also served as a hint for today's Wordle! If only I'd had a hint! SPITE was a spiteful first guess, leaving me with 431 remaining possible solutions and one measly yellow box. BREAD only cut this number to 39, though Wordle Bot said it was an excellent guess. With my measly yellow 'E' I went witchy and guessed COVEN. This left me with just one possible answer: NOVEL for the win! Today's Wordle Bot Once again: Guessing in four gest me 0 points and losing to the bot -1. The Bot gets 1 point for guessing in three and another beating me. The July gap widens to: Erik: -3 points Wordle Bot: 7 points The word "novel" comes from the Latin novellus, meaning "new or young," which is a diminutive of novus ("new"). It entered English via Old French novel (meaning "new" or "fresh") and later came to mean a "new kind of literary work" in the 16th century—specifically a prose narrative distinct from older forms like epics or romances. Let me know how you fared with your Wordle today on Twitter, Instagram or Facebook. Also be sure to subscribe to my YouTube channel and follow me here on this blog where I write about games, TV shows and movies when I'm not writing puzzle guides. Sign up for my newsletter for more reviews and commentary on entertainment and culture.
Hamilton Spectator
14-05-2025
- Business
- Hamilton Spectator
Discovery Reports First Quarter 2025 Financial Results
TORONTO, May 13, 2025 (GLOBE NEWSWIRE) — Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) ('Discovery' or the 'Company') today announced financial results for the three months ('Q1 2025') ended March 31, 2025. All figures are stated in Canadian dollars unless otherwise noted. Tony Makuch, Discovery's CEO, commented: 'Q1 2025 was a breakout quarter for Discovery. On January 27, 2025, we announced the transformational acquisition of the Porcupine Complex (' Porcupine Operations ' or ' Porcupine ') in and near Timmins, Ontario. Through this acquisition, we have established our company as a new Canadian gold producer with substantial potential for growth in one of the world's most prolific gold camps. The acquisition provides Discovery with valuable diversification by combining growing gold production in Canada with our Cordero project (' Cordero ' or the ' Project ') in Mexico, one of the industry's leading silver development projects. 'The market reaction to the acquisition has been resoundingly positive, with Discovery's share price tripling during the first quarter and achieving a 250% increase on a year-to-date basis as of May 12, 2025. With the transaction closing on April 15, 2025, our focus now has turned to implementing investment plans to realize the tremendous upside we see at Porcupine, including the substantial exploration potential that exists at all sites and regionally over the 1,400 km 2 land position. 'Since the closing, there have already been significant developments. On April 24, 2025, we had our first gold pour, and to date have sold 2,800 ounces of gold for gross proceeds of approximately $13.0 million. We just completed a two-week mill shutdown, that had been previously scheduled for the purpose of replacing equipment in the thickening tanks. We used the occasion to advance plans to enhance mill performance, with multiple additional projects completed, primarily in the crushing, grinding and carbon handling circuits. The mill is now running, we have stockpiles built up and we are resuming gold production and sales. 'With a current pro forma cash position of approximately $250 million, and an undrawn US$100 million senior debt facility, we are well capitalized to move forward with our investment strategy for Porcupine, and to fund our current expenditure plans for 2025 at Cordero. The pro forma cash position reflects the addition US$475 million of cash through recently completed royalty and equity financings, net of US$200 million cash consideration paid for Porcupine at closing, transaction and other related costs and cash collateral required for closure obligation bonding requirements.' PORCUPINE OPERATIONS The Porcupine Operations of Discovery cover approximately 1,400 km2 in and near Timmins, Ontario, with the Timmins Camp being one of the world's most prolific gold mining camps. Production from the Porcupine Operations commenced in 1910 and, since that time, Porcupine has accounted for close to 70 million ounces of gold production. Porcupine consists of the Hoyle Pond, Pamour and Hollinger mine properties, the Dome mine property and milling facility (collectively 'Dome'), and numerous near-mine and regional exploration targets in and around Timmins, Ontario. The Complex also includes the Borden mining operation and large, highly prolific, land position near Chapleau, Ontario. All mineralization from the operating mines is treated at Dome, including mineralization from Borden, which is trucked 190 km to the Dome Mill. Based on the recent technical report (the 'Technical Report'), annual production at Porcupine is expected to average over 285,000 ounces of gold for the next 10 years, with total production extending to 2046. Discovery expects to improve on the estimates in the Technical Report through investment in the assets to grow production, extend mine life and lower costs at existing operations. The Company also plans extensive exploration drilling, with there being multiple attractive drill targets at each asset and significant regional exploration potential. Key highlights of the Porcupine operations and their upside potential are provided below. SELECTED FINANCIAL DATA: The following selected financial data is taken from the Company's consolidated financial statements and related notes thereto (the 'Financial Statements') for the three months ended March 31, 2025, and the Management's Discussion and Analysis ('MD&A') for the quarter. The Company's Financial Statements and MD&A are available at and on SEDAR+ at . (1) Defined as current assets less current liabilities from the Company's consolidated financial statements CAPITAL STRUCTURE The closing of the Porcupine acquisition resulted in the issuance to Newmont of 119,716,667 common shares of Discovery as equity consideration for the transaction, as well as the issuance of 275,000,000 common shares in accordance with the terms of a public offering of subscription receipts (the 'Subscription Receipts'), which was completed on February 3, 2025. Each Subscription Receipt was replaced by a Discovery common share on a one-for-one basis on April 16, 2025. As of May 13, 2025, Discovery has a total of 801,405,615 common shares issued and outstanding, which compared to 402,348,373 common shares outstanding as at March 31, 2025. OUTLOOK With the closing of the Porcupine Acquisition on April 15, 2025, Discovery has transformed into a diversified North American-focused precious metals producer combining growing gold production in Northern Ontario, Canada, with one of the world's largest silver development projects in Chihuahua State, Mexico. Beginning in the second quarter of 2025, the Company will report gold production from the Hoyle Pond and Borden underground mines, as well as from the ramp up of gold production from the Pamour open-pit project. Key priorities for the Porcupine Operations over the balance of 2025 include: In addition, the Company plans to complete sufficient work during 2025 to file a pre-feasibility study ('PFS') for the Porcupine Operations with an effective date of December 31, 2025. The PFS is expected to include performance guidance measures for 2026. During 2025, the Company is focused on completing the transition process, including optimizing management structures, integrating systems and commencing investment programs. In Mexico, following release of the Cordero feasibility study results in February 2024, the Company has conducted a limited work program aimed at further advancing and de-risking the Project. The program has included engineering and design work, additional permitting, the acquisition or lease of additional surface rights where appropriate, and the continuation of the Company's ESG and community outreach programs. With the completion of the land acquisition program in March 2025, the next major milestone for the Cordero will be approval of the Company's Environmental Impact Assessment ('Manifesto de Impacto Ambiental' or 'MIA') by the Secretaría de Medio Ambiente y Recursos Naturales ('SEMARNAT'), which was submitted in August 2023. The MIA passed SEMARNAT's legal review soon after its submission and was advanced for technical review. The Company has yet to receive a ruling on the technical review of the MIA. Based on favourable developments in Mexico since President Claudia Sheinbaum assumed office on October 1, 2024, including public comments acknowledging the importance foreign investment projects and the mining industry to the country's economy, the Company remains confident that Cordero will receive MIA approval. USE OF TECHNICAL REPORT ESTIMATES All operating and financial estimates in this press release related to the Porcupine Complex are taken from the technical report entitled, ' Porcupine Complex, Ontario, Canada, Technical Report on Preliminary Economic Assessment ', filed under the Company's profile at SEDAR+ ( ) on January 28, 2025 and available on Discovery's website at . The Technical Report includes the results of a preliminary economic assessment which is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves and there is no certainty that the estimates will be realized. ABOUT DISCOVERY Discovery is a growing North American-focused precious metals company. The Company has exposure to silver through its first asset, the 100%-owned Cordero project, one of the world's largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. On April 15, 2025, Discovery completed the acquisition of the Porcupine Complex from Newmont Corporation, transforming the Company into a new Canadian gold producer with multiple operations in one of the world's most renowned gold camps in and near Timmins, Ontario. Discovery owns a dominant land position within the camp, with a large base of Mineral Resources remaining and substantial growth and exploration upside. On Behalf of the Board of Directors, Tony Makuch, President, CEO & Director For further information contact: Mark Utting, CFA VP Investor Relations Phone: 416-806-6298 Email: Website: QUALIFIED PERSON Mr. Pierre Rocque, and Eric Kallio, 'Qualified Persons' as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects, have reviewed and approved the scientific and technical information included in this press release. FORWARD-LOOKING STATEMENTS Neither TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release is not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act') or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. Cautionary Note Regarding Forward-Looking Statements This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although Discovery believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Statements include but are not limited to the development of the Porcupine Operations and its attractive economics and significant exploration upside; construction decision and development, the results of the Technical Report and the anticipated capital and operating costs, sustaining costs, net present value, internal rate of return, the method of mining the Porcupine Operations, payback period, process capacity, average annual metal production, average process recoveries, concession renewal, permitting of the assets, anticipated mining and processing methods, feasibility study production schedule and metal production profile, anticipated construction period, anticipated mine life, expected recoveries and grades, anticipated production rates, infrastructure, social and environmental impact studies, the completion of key de-risking items, including the timing of receipt permits, availability of water and power, availability of labour, job creation and other local economic benefits, tax rates and commodity prices that would support development of the Project, and other statements that express management's expectations or estimates of future performance, operational, geological or financial results Information concerning mineral resource/reserve estimates and the economic analysis thereof contained in the results of the feasibility study are also forward-looking statements in that they reflect a prediction of the mineralization that would be encountered, and the results of mining, if a mineral deposit were developed and mined. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market access restrictions or tariffs, changes in U.S. laws and policies regarding regulating international trade, including but not limited to changes to or implementation of tariffs, trade restrictions, or responsive measures of foreign and domestic governments, changes to cost and availability of goods and raw materials, along with supply, logistics and transportation constraints, changes in general economic conditions including market volatility due to uncertain trade policies and tariffs, , the actual results of current and future exploration activities; changes to current estimates of mineral reserves and mineral resources; conclusions of economic and geological evaluations; changes in project parameters as plans continue to be refined; the speculative nature of mineral exploration and development; risks in obtaining and maintaining necessary licenses, permits and authorizations for the Company's development stage and operating assets; the accuracy of historical and forward-looking operational and financial information estimates provided by Newmont; the Company's ability to integrate the Porcupine Operations; statements regarding the Porcupine Operations, including the results of technical studies and the anticipated capital and operating costs, sustaining costs , internal rate of return, concession or claim renewal, the projected mine life and other attributes of the Porcupine Operations, including net present value, the timing of any environmental assessment processes, reclamation obligations; operations may be exposed to new diseases, epidemics and pandemics, including any ongoing or future effects of COVID-19 (and any related ongoing or future regulatory or government responses) and its impact on the broader market and the trading price of the Company's shares; provincial and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for operations) in Canada and Mexico, all of which may affect many aspects of the Company's operations including the ability to transport personnel to and from site, contractor and supply availability and the ability to sell or deliver mined silver; changes in national and local government legislation, controls or regulations; failure to comply with environmental and health and safety laws and regulations; labour and contractor availability (and being able to secure the same on favourable terms); disruptions in the maintenance or provision of required infrastructure and information technology systems; fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance); changes in foreign exchange rates (particularly the Canadian dollar, U.S. dollar and Mexican peso); the impact of inflation; geopolitical conflicts; employee and community relations; the impact of litigation and administrative proceedings (including but not limited to mining reform laws in Mexico) and any interim or final court, arbitral and/or administrative decisions; disruptions affecting operations; availability of and increased costs associated with mining inputs and labour; delays in construction decisions and any development of the Porcupine Operations; changes with respect to the intended method of mining and processing ore from the Porcupine Operations; inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; the risk that the Company's mines may not perform as planned; uncertainty with the Company's ability to secure additional capital to execute its business plans; contests over title to properties; expropriation +or nationalization of property; political or economic developments in Canada and Mexico and other jurisdictions in which the Company may carry on business in the future; increased costs and risks related to the potential impact of climate change; the costs and timing of exploration, construction and development of new deposits; risk of loss due to sabotage, protests and other civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; and business opportunities that may be pursued by the Company. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Discovery does not assume any obligation to update any forward-looking statements except as required under applicable laws. The risks and uncertainties that may affect forward-looking statements, or the material factors or assumptions used to develop such forward-looking information, are described under the heading 'Risks Factors' in the Company's Annual Information Form dated March 26, 2025, which is available under the Company's issuer profile on SEDAR+ at . Photos accompanying this announcement are available at
Yahoo
18-04-2025
- Business
- Yahoo
Newmont concludes $4.3bn divestment of operations in Ghana and Canada
Newmont has completed the previously announced divestment of its Akyem operation in the Republic of Ghana and its Porcupine operation in Canada. The divestitures are part of Newmont's non-core asset divestiture programme, which is projected to generate up to $4.3bn in gross proceeds, including $3.8bn from non-core assets and $527m from other investment sales. More than $2.5bn in cash proceeds have been received so far in 2025. Earlier this year, Newmont raised $1.7bn in cash proceeds through the sale of three non-core operations in the US. Newmont president and CEO Tom Palmer said: 'Today, I am pleased to announce the successful completion of our non-core asset divestiture programme with the sale of Akyem and Porcupine, generating total after-tax cash proceeds of approximately $850m before closing adjustments. 'This is a significant milestone for Newmont, as we have now divested all six of our non-core operations from the programme announced in early 2024. With the cash proceeds received this year, we remain committed to continuing to strengthen our balance sheet and return capital to shareholders through ongoing share repurchases.' The Akyem operation was sold to Zijin Mining Group for a cash consideration of up to $1bn (7.31bn yuan). The sale of the Porcupine operation in Ontario, Canada, to Discovery Silver involved a $200m (C$277.62m) cash payment and the issuance of approximately 119.7 million Discovery common shares. These shares, representing a 15% interest in Discovery Silver, are held by Goldcorp, a wholly owned subsidiary of Newmont. Additionally, Discovery will pay Newmont $150m in deferred cash over four years, starting from 31 December 2027. Discovery CEO Tony Makuch said: 'With the closing of the Porcupine acquisition, Discovery moves forward as a diversified North American precious metals company, combining growing gold production in a highly prolific gold camp in Northern Ontario, Canada, with our Cordero project, one of the world's largest silver development projects based on reserves and expected production.' "Newmont concludes $4.3bn divestment of operations in Ghana and Canada" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
Newmont Completes Its Non-Core Divestiture Program With the Sale of Akyem and Porcupine
Received More Than $2.5 Billion in Cash Proceeds to Date in 20251 DENVER, April 16, 2025--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") announced today that it has finalized the previously disclosed sales of its Akyem operation in Ghana and its Porcupine operation in Canada. With these transactions now closed, the Company has completed the divestiture program announced in February 20242. "Today, I am pleased to announce the successful completion of our non-core asset divestiture program with the sale of Akyem and Porcupine, generating total after-tax cash proceeds of approximately $850 million before closing adjustments," said Tom Palmer, Newmont's President and Chief Executive Officer. "This is a significant milestone for Newmont, as we have now divested all six of our non-core operations from the program announced in early-2024. With the cash proceeds received this year, we remain committed to continuing to strengthen our balance sheet and return capital to shareholders through ongoing share repurchases." Total gross proceeds from announced divestitures are expected to total up to $4.3 billion, which includes $3.8 billion from non-core divestitures and $527 million from the sale of other investments. Porcupine Early Warning Disclosure Under the terms of Newmont's sale of the Porcupine operation in Ontario, Canada, the consideration received included 119,716,667 common shares of Discovery (the "Consideration Shares") in the capital of Discovery Silver Corp. ("Discovery"). The Consideration Shares are held by Goldcorp Inc., a wholly owned subsidiary of Newmont. As a result of the closing, Newmont, which did not hold any common shares of Discovery prior to the transaction, now beneficially owns shares representing approximately 15% of Discovery's issued and outstanding common shares. Newmont will evaluate its investment in Discovery from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease its shareholdings as circumstances require through market transactions, private agreements, or otherwise. This press release is issued pursuant to the early warning provisions of Canadian securities legislation. To obtain a copy of the Early Warning Report filed by Newmont under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, please contact Neil Backhouse at +1 (303) 837-5002 or Newmont's address is 6900 E Layton Avenue, Suite 700, Denver, CO 80237. Discovery is listed on the TSX and its address is 55 University Avenue, Suite 701, Toronto, ON Canada, M5J 2H7. About Newmont Newmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the Company has been publicly traded since 1925. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to Cautionary Statement Regarding Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements in this news release include, without limitation, (i) expectations regarding total proceeds estimates, including receipt of any deferred consideration in the future, (ii) future financial conditions and balance sheet strength, (iii) future return of capital to shareholders, including share repurchases, and (iv) other statements regarding future events or results. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Assumptions include, but are not limited to: (i) certain exchange rate assumptions approximately consistent with current levels; (ii) certain price assumptions for gold, copper, silver, zinc, lead and oil; (iii) with respect to disclosed sales that have not yet completed, all closing conditions for such sales being satisfied; and (iv) conditions necessary for receipt of deferred consideration being met in the future. For additional information regarding the terms and conditions for receipt of deferred consideration payments and total consideration estimates, refer to the press releases available on the Company's website at (see the September 10, 2024 press release for further details regarding the agreement to divest Telfer and Havieron, the October 8, 2024 press release for further details regarding the agreement to divest Akyem, the November 18, 2024 press release for further details regarding the agreement to divest Musslewhite, the November 25, 2024 press release for further details regarding the agreement to divest Éléonore, the December 6, 2024 press release for further details regarding the agreement to divest CC&V, and the January 27, 2025 press release for further details regarding the agreement to divest Porcupine). No assurances can be provided with respect to the receipt of deferred consideration. For a discussion of risks and other factors that might impact future looking statements , see the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the "SEC") on February 21, 2025, under the heading "Risk Factors" (including without limitation under the subheading the headings "Assets held for sale may not ultimately be divested and we may not receive any or all deferred consideration" and "The Company's asset divestitures place demands on the Company's management and resources, the sale of divested assets may not occur as planned or at all, and the Company may not realize the anticipated benefits of such divestitures"), available on the SEC website or at Investors are also cautioned that the extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including trading volume, market conditions, legal requirements, business conditions and other factors. The repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. ____________________ 1 Represents after-tax cash proceeds before closing adjustments. 2 All previously announced operating sites having been divested, with the Coffee development project remaining designated as held for sale. No agreement has been reached with respect to Coffee as of the date of this release. View source version on Contacts Investor Contact – GlobalNeil Investor Contact – Asia PacificNatalie Media Contact – GlobalShannon Lijekglobalcommunications@ Sign in to access your portfolio
