NEM

Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - Nations Royalty Corp. (TSXV: NRC) (OTCQX: NRYCF) (FSE: Y96) ("Nations Royalty" or the "Company") is pleased to report financial results for the three months ended June 30, 2026 ("Q1 Fiscal 2027"), highlighted by record quarterly royalty revenue and the Company's first profitable quarter since inception. Financial Highlights Record quarterly royalty revenue of C$2.21 million, representing: First profitable quarter since inception, generating net income of C$0.84 million for Q1 Fiscal 2027. Cash and cash equivalents of C$16.3 million as at June 30, 2026, with no long-term debt. Subsequent to quarter-end, on August 5, 2026, the Company received a C$1.16 million royalty payment from Newmont Corporation relating to its Brucejack royalty payment owed for the 2025 calendar year, further bolstering the treasury. Portfolio Highlights Record quarterly revenue driven primarily by the Company's producing Brucejack royalty, which benefitted from the Brucejack mine transitioning to a net revenue mineral tax regime that directly drove higher revenues to Nations Royalty. The Company anticipates future payments from Brucejack to be subject to this new regime going forward. Premier Gold Project and Red Mountain Gold Deposit continue to be advanced by Cambria Gold Mines Inc., targeting mill commissioning and production in late 2027 or early 2028. Derrick Pattenden, President, CEO and Director of Nations Royalty, commented: "This quarter represents a major milestone for Nations Royalty and the journey our team started two years ago to build Canada's preeminent Indigenous-owned royalty company. We generated greater than tenfold year-over-year revenue growth and over four times our previous quarter's revenue, leading to our first quarter of positive earnings. This demonstrates the scalability of our business model and highlights the value of a to-date hidden segment of the royalty market - Indigenous royalty payments. Our Brucejack royalty was the primary driver of our results as it transitioned to a higher net revenue tax under the British Columbia Mineral Tax regime. This is exactly the type of long-lived, cash-generating royalty assets we are building our business around, and a prime example of the types of Indigenous assets that to-date had been unconsidered by public markets. Our financial position remains strong with zero-debt and over C$16 million of cash that we can leverage to pursue our expanding pipeline of Indigenous partnership opportunities. Every new partnership has the potential to strengthen both our portfolio and the long-term economic participation of Indigenous Nations in Canada's mining industry." Financial Results Revenue for the quarter totalled C$2.21 million, representing the highest quarterly royalty revenue in the Company's history and over four times the revenue generated during the previous quarter. Record quarterly revenue was driven primarily by the Company's producing Brucejack royalty, which benefitted from the Brucejack mine entering the 13% net revenue mineral tax regime under British Columbia's Mineral Tax Act beginning in calendar 2026. In prior years, Brucejack was subject to the 2% net current proceeds mineral tax, resulting in significantly lower royalty payments to the Company. Going forward, the Company anticipates payments received from the Brucejack royalty to be subject to this new regime. The significant increase in royalty revenue translated directly into the Company's first profitable quarter since inception, generating net income of C$0.84 million. Given the Company's relatively fixed corporate cost structure, higher royalty revenue produced meaningful operating leverage, demonstrating one of the key financial characteristics of the mining royalty business model. Outlook Nations Royalty begins Fiscal Year 2027 with a strong financial position, including C$16.3 million of cash and cash equivalents and no long-term debt. The Company believes its diversified portfolio of producing and development-stage Indigenous royalty interests is well positioned to benefit from continued strength in precious metals markets and the advancement of several large-scale mining projects across northwestern British Columbia, Canada. Management remains focused on creating value for shareholders and Indigenous partners by: Expanding the Company's portfolio through partnerships with Indigenous Nations; Acquiring additional high-quality royalty interests; and Maintaining disciplined capital allocation. As Canada's first majority Indigenous-owned publicly listed royalty company, Nations Royalty believes its differentiated partnership model positions it to become the preferred long-term royalty partner for Indigenous Nations participating in Canada's mining industry. About Nations Royalty Corp. The Company's vision is to unite First Nations and Indigenous groups across Canada, welcoming external investors to join the Company as shareholders. Together, they will combine royalties, income and commodity streams and annual benefit payment entitlements from resource projects, tapping into the growth, diversification and value potential typical of publicly traded royalty companies. As a leader in the spirit of economic reconciliation, Nations Royalty's mission includes capacity building of Indigenous People in public companies and capital markets. Nations Royalty's foundation begins with five annual benefit payment entitlements in place in respect of the following properties in Canada: The high-grade Brucejack gold mine operated by Newmont Corporation; The KSM Copper-Gold-Silver-Molybdenum deposit, currently in development by Seabridge Gold Inc.; The Premier Gold Project, currently evaluating a restart decision by Cambria Gold Mines Inc.; The Red Mountain Gold Deposit, owned by Cambria Gold Mines Inc.; and The Kitsault Molybdenum Deposit, a large, fully permitted brownfield site owned and being actively advanced by New Moly LLC, majority-owned by Resource Capital Fund VI L.P. On behalf of the Board of Directors of Nations Royalty Corp. "Derrick Pattenden" Derrick Pattenden, President, CEO and [email protected] For more information, please contact: Trenton Kwan, Director, Investor [email protected] +1 (604) 788-0136 Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements in this release include, but are not limited to, statements regarding: the Company's expectations that future royalty payments from the Brucejack property will continue to be subject to the 13% net revenue mineral tax regime under the BC Mineral Tax Act; the anticipated timing of an updated feasibility study for the Premier Gold Project and Red Mountain Gold Deposit by Cambria Gold Mines Inc.; the Company's expectations regarding the benefit of continued strength in precious metals markets and the advancement of large-scale mining projects in northwestern British Columbia; the Company's plans to expand its portfolio through partnerships with Indigenous Nations and to acquire additional royalty interests; the Company's belief that its financial position and capital allocation strategy position it to pursue future acquisition opportunities; and the Company's belief that its partnership model positions it to become the preferred long-term royalty partner for Indigenous Nations in Canada's mining industry; and any other statements that address future events, conditions, or the Company's future financial or operating performance. Forward-looking statements are generally identifiable by the use of words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "positions," or similar expressions, or statements that events or conditions "will," "would," "may," "could," or "should" occur. Forward-looking statements are based on the Company's current expectations and assumptions as of the date of this release, which the Company believes are reasonable, but are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially, including but not limited to: the concentration of the Company's current royalty revenue in a small number of properties, including its reliance on the Brucejack royalty; the performance and production levels of the operators of the underlying properties (including Newmont Corporation, Seabridge Gold Inc., Cambria Gold Mines Inc., and New Moly LLC), over which the Company has no control; changes to or reinterpretation of the BC Mineral Tax Act or other tax regimes affecting royalty payments; fluctuations in precious metals and other commodity prices; the timing and outcome of feasibility studies and development decisions at properties in which the Company holds royalty interests; reliance on key personnel; general business and economic conditions; the Company's ability to identify, fund, and complete future royalty acquisitions; regulatory and political risk, including risks specific to Indigenous partnership arrangements; and other risks disclosed under "Risk Factors" in the Company's management's discussion and analysis and other continuous disclosure documents filed on SEDAR+ at www.sedarplus.ca. Forward-looking statements are made as of the date of this news release, and the Company undertakes no obligation to update or revise them, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311982

A month has gone by since the last earnings report for Kinross Gold (KGC). Shares have added about 37.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Kinross Gold due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Kinross Gold Corporation before we dive into how investors and analysts have reacted as of late. Kinross reported adjusted earnings of 71 cents per share for the second quarter of 2026, up 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents. Revenues increased 29.5% year over year to $2.2 billion but missed the consensus estimate of $2.3 billion. Higher realized gold prices supported the sales increase and helped offset lower attributable gold-equivalent production. Kinross produced 492,326 attributable gold-equivalent ounces in the reported quarter, down 4% from 512,574 ounces in the prior-year period. Consolidated production totaled 501,341 gold-equivalent ounces. The attributable production figure was below our estimate of 497,365. The average realized gold price was $4,483 per ounce, up 36.5% from $3,284 per ounce in the second quarter of 2025. The improvement in gold pricing was the primary driver of the company’s year-over-year revenue growth. The figure was lower than our estimate of $4,598 per ounce. Production cost of sales per gold-equivalent ounce sold increased 25.2% year over year to $1,352. The rise resulted mainly from higher fuel expenses, increased royalties associated with stronger gold prices and elevated labor costs. This was above our estimate of $1,291.Attributable AISC per gold-equivalent ounce sold rose 22% to $1,821 from $1,493. This was above our estimate of $1,625. Despite higher costs, margin per gold-equivalent ounce sold increased 42.1% to $3,131 from $2,204, reflecting the benefit of significantly higher realized gold prices. Cash and cash equivalents were $2.7 billion at the end of the second quarter. Kinross added around $470 million to its cash position during the quarter after returning more than $275 million to shareholders. Long-term debt was $738.8 million as of June 30, 2026. Capital expenditures increased to $411 million from $306.1 million a year ago due to higher development spending across several growth projects. Kinross remains on track to meet its 2026 annual guidance. The company expects attributable production of 2 million gold-equivalent ounces (+/- 5%).Production cost of sales is projected at $1,360 per gold-equivalent ounce sold (+/- 5%). Attributable AISC is forecast at $1,730 per ounce sold (+/- 5%).Total attributable capital expenditures are expected to be $1.5 billion (+/- 5%). The spending plan supports the advancement of Great Bear, Round Mountain Phase X, Curlew, Bald Mountain Redbird and other development initiatives.The company also remains on track to return 40% of its 2026 free cash flow to shareholders. Kinross repurchased $480 million of shares during the first half and an additional $40 million in July. Including dividends, it had returned approximately $615 million to shareholders year to date as of July 29, 2026. It turns out, estimates revision have trended downward during the past month. The consensus estimate has shifted -13.26% due to these changes. At this time, Kinross Gold has a great Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. Following the exact same course, the stock was allocated a score of B on the value side, putting it in the second quintile for value investors. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Kinross Gold has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months. Kinross Gold is part of the Zacks Mining - Gold industry. Over the past month, Newmont Corporation (NEM), a stock from the same industry, has gained 38.2%. The company reported its results for the quarter ended June 2026 more than a month ago. Newmont reported revenues of $6.12 billion in the last reported quarter, representing a year-over-year change of +15.1%. EPS of $2.10 for the same period compares with $1.43 a year ago. For the current quarter, Newmont is expected to post earnings of $1.88 per share, indicating a change of +9.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -5.2% over the last 30 days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Newmont. Also, the stock has a VGM Score of A. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Franco-Nevada Corporation FNV reported adjusted earnings of $1.81 per share in the second quarter of 2026, up 46% year over year. However, the bottom line missed the Zacks Consensus Estimate of $1.95.Revenues climbed 57.3% year over year to $581 million, aided by stronger precious metal and oil prices, and higher contributions from several assets. Gold-equivalent ounces (GEOs) sold increased 18.1% to 132,405. Franco-Nevada Corporation price-consensus-eps-surprise-chart | Franco-Nevada Corporation Quote Revenues from Precious Metal assets totaled $498.7 million in the reported quarter, up from $304 million a year ago. These assets accounted for 86% of the quarterly revenues, comprising 70% of gold, 14% of silver and 2% of platinum group metals. Precious Metal GEOs sold increased 23.4% year over year to 114,111. Results benefited from higher deliveries from Antapaccay, Antamina, South Arturo and Musselwhite, along with incremental contributions from Côté Gold, Casa Berardi, Valentine and Porcupine. Adjusted EBITDA advanced 44.8% year over year to $529.7 million. However, the adjusted EBITDA margin declined to 91.2% from 99% in the year-ago quarter. Gross profit rose to $451 million from $271.9 million.Adjusted net income increased to $349.2 million from $238.5 million a year earlier. The adjusted net income margin was 60.1%, down from 64.6% in the prior-year quarter, indicating that the sharp revenue increase did not translate into comparable margin expansion. As of June 30, 2026, Franco-Nevada had $1.01 billion in cash and cash equivalents, up from $0.67 billion at the end of 2025. The company generated an operating cash flow of $482.5 million in the second quarter, up 12% year over year.The company remained debt-free and had $4.3 billion in available capital at the end of the quarter. Franco-Nevada uses its free cash flow to expand its portfolio and pay out dividends. FNV expects total GEO sales of 510,000-570,000 for 2026 and is tracking toward the upper half of this range. The company sold 268,758 GEOs during the first half. Production is expected to be weighted toward the second half, reflecting anticipated production profiles at Candelaria, Tocantinzinho, Côté Gold, Greenstone and Valentine.The outlook also incorporates anticipated deliveries from the processing of stockpiled ore at Cobre Panamá. Franco-Nevada expects stream deliveries from Cobre Panamá to total 23,100 gold ounces and 265,000 silver ounces, with deliveries expected to begin in the third quarter. The company’s shares have gained 32.7% in the past year compared with the industry’s growth of 52%. Image Source: Zacks Investment Research Franco-Nevada currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Kinross Gold Corporation KGC reported adjusted earnings of 71 cents per share for the second quarter of 2026, surging 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%.Kinross Gold’s revenues increased 29.5% year over year to $2.2 billion but missed the consensus estimate of $2.3 billion by 2%.Agnico Eagle Mines Limited AEM posted second-quarter 2026 earnings of $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89. Agnico Eagle Mines generated revenues of $3,802.8 million, up 35% year over year. The top line missed the Zacks Consensus Estimate of $3,863.2 million.Newmont Corporation NEM reported second-quarter 2026 adjusted earnings of $2.10 per share, up 46.9% from $1.43 in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05.  Newmont’s revenues for the second quarter were $6.12 billion, up 15.1% from the prior-year quarter. The figure missed the Zacks Consensus Estimate of $6.35 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franco-Nevada Corporation (FNV) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Barrick Mining Corporation B recorded profits (on a reported basis) of $1,217 million or 73 cents per share for second-quarter 2026, up 50% from $811 million or 47 cents per share in the year-ago quarter. Barring one-time items, adjusted earnings per share were 82 cents. The figure beat the Zacks Consensus Estimate of 81 cents and increased around 74% year over year. Barrick recorded total sales of $5,292 million, up 44% year over year. The top line surpassed the Zacks Consensus Estimate of $4,487.7 million. Barrick Mining Corporation price-consensus-eps-surprise-chart | Barrick Mining Corporation Quote Total gold production was 796,000 ounces in the reported quarter, essentially flat year over year compared with 797,000 ounces. The metric beat the consensus estimate of 764,000 ounces. The average realized price of gold was $4,417 per ounce in the quarter, up around 34%. The cost of sales increased around 20% year over year to $1,993 per ounce. All-in-sustaining costs (AISC) rose around 11% to $1,866 per ounce in the quarter. At the end of the quarter, Barrick had cash and cash equivalents of $5,927 million, up 23% from the prior-year quarter. The company’s total debt was $4,682 million at the end of the quarter, down around 1% year over year. The operating cash flow was $1.7 billion for the quarter, up 28% year over year, whereas the free cash flow was $515 million, up 30%. For 2026, Barrick continues to anticipate attributable gold production in the range of 2.9-3.25 million ounces. The company reduced total attributable capital expenditure guidance to $3.8-$4.2 billion from $4-$4.45 billion previously. AISC is projected at $1,760-$1,950 per ounce for 2026. Cash costs per ounce are forecast to be $1,330-$1,470. The company also expects cost of sales of $1,870-$2,070 per ounce. Barrick expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, C1 cash costs of $2.20-$2.45 per pound and cost of sales of $3.05-$3.35 per pound for 2026. Barrick’s shares have gained 68.2% in the past year compared with the 51.1% rise of the industry. Image Source: Zacks Investment Research B currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Newmont Corporation NEM reported second-quarter adjusted earnings of $2.10 per share, up 46.9% from $1.43 reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05. Newmont remains on track to achieve its previously announced 2026 guidance. NEM expects attributable gold production of approximately 5.26 million ounces. Kinross Gold Corporation KGC reported adjusted earnings of 71 cents per share for the second quarter, up 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%. Kinross remains on track to meet its 2026 annual guidance. KGC expects attributable production of 2 million gold-equivalent ounces (+/- 5%). Agnico Eagle Mines Limited AEM reported second-quarter adjusted earnings of $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89. For full-year 2026, AEM expects gold production near the lower end of its guidance of 3.3 million to 3.5 million ounces, reflecting the preliminary redesign of the Barnat open pit at Canadian Malartic. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barrick Mining Corporation (B) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Barrick Mining Corporation B used its second-quarter 2026 earnings call to frame the Newmont agreement as a reset for Nevada Gold Mines and a key step toward its planned North American gold IPO. Management kept full-year production and cost guidance unchanged while outlining a higher second-half production cadence and lower capital spending range. President and CEO Mark Hill said the Newmont package carries a total value of about $4 billion, including Fourmile, Newmont's Mike and Fiberline properties, dispute resolution and reduced IPO friction costs. Newmont will pay Barrick $1.95 billion in cash, and the agreement brings the contributed properties into Nevada Gold Mines, creating a complex with nearly 100 million ounces of gold. Hill said the reset lets the partners focus on processing capacity, ore movement and infrastructure. He wants the joint venture to reduce ore trucking and optimize future processing. Hill said the North American IPO remains targeted for completion by year-end, with him selected to lead the new company as CEO after separation. In Q&A, Hill said Barrick still plans to float a 10% minority interest and has no current plan to increase that stake. He also rejected a shareholder spinout. Chief development officer George Joannou said the company will revisit structural options after Newmont's consent to identify friction-cost savings. Management confirmed that a marketing process will be part of the IPO. President and CEO Mark Hill kept 2026 gold production guidance at 2.90 million to 3.25 million ounces and copper guidance at 190,000 to 220,000 tons. The company expects third-quarter gold output to exceed second-quarter and fourth-quarter production to rise again. Copper production is also expected to increase in the second half versus the first half. Second-quarter gold production reached 796,000 ounces, above guidance of 730,000 to 770,000 ounces. Adjusted earnings of $0.82 per share topped the Zacks Consensus Estimate of $0.81. Revenues of $5.29 billion also surpassed the $4.49 billion estimate. Barrick Mining Corporation price-consensus-eps-surprise-chart | Barrick Mining Corporation Quote During Q&A, Hill said guidance is not conservative, citing weather-related downtime at Veladero and a water-related shutdown at Porgera. He remained confident in the full-year targets. Barrick reduced 2026 total attributable capital expenditure guidance to $3.8 billion to $4.2 billion from $4.0 billion to $4.45 billion, mainly because of lower spending at Reko Diq. The CEO said Fourmile's prefeasibility study remains targeted for completion by the end of 2028, while management intends to accelerate development and evaluate added Nevada processing capacity. A CIBC analyst pressed management for more Fourmile disclosure to help investors model the project. Hill acknowledged the concern and said the company would work on improving the information available. Senior EVP and CFO Hongyu Cai said Barrick ended the quarter with $1.2 billion of net cash, an undrawn $3 billion revolver and no meaningful debt due until 2033. Attributable free cash flow was $141 million in the second quarter, pressured by annual tax and interest timing and a one-time $400 million Loulo-Gounkoto payment. Cai said excluding that payment, attributable free cash flow would have been more than 60% higher year over year. Barrick repurchased $1.209 billion of shares during the quarter and maintained its $0.175 quarterly base dividend. Its policy targets an annualized payout of 50% of attributable free cash flow. President and CEO Mark Hill's closing message centered on safety, operational consistency, full-year guidance, growth projects and completion of the North American IPO. The second-half agenda remains focused on those priorities while management continues efforts to improve safety and keep major growth projects on schedule and on budget. B currently carries a Zacks Rank #4 (Sell), reflecting an unfavorable earnings estimate revision trend under the Zacks methodology. Under the Style Score framework, that rank carries more weight than the favorable scores. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The stock has a Value Score of B, Growth Score of A, Momentum Score of A and VGM Score of A. Those grades indicate strong style characteristics, but Style Scores are designed to complement top Zacks Ranks rather than override a weak one. The Zacks Rank can change as analysts revise estimates following the just-reported results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barrick Mining Corporation (B) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Agnico Eagle Mines Limited AEM delivered better-than-expected earnings in the second quarter on higher realized gold prices, but it remains mired in headwinds from higher costs. Its all-in sustaining costs (AISC) — the most important cost metric of miners — were $1,459 per ounce in the second quarter, marking a roughly 14% year-over-year rise, impacted by higher total cash costs and an uptick in sustaining capital expenditures. Total cash costs per ounce for gold were $1,054, 14% higher than $925 a year ago. Total cash costs rose due to increased royalty costs, higher labor and energy costs and lower production. While Agnico Eagle is taking action to control costs, inflationary pressures are likely to continue, weighing on its overall financial performance. Maintaining cost discipline to sustain margin expansion will be crucial for the company.AEM forecasts total cash costs per ounce in the range of $1,020 to $1,120 and AISC per ounce between $1,400 and $1,550 for 2026, suggesting a year-over-year increase at the midpoint of the respective ranges. Cash costs are expected to increase in 2026, partly due to higher royalty costs, cost inflation (including higher labor and electricity costs) and lower grades across certain mines. Higher production costs warrant caution, as they will likely weigh on AEM’s profitability. Among AEM’s peers, Newmont Corporation NEM saw a roughly 22% year-over-year increase in AISC on a co-product basis in the second quarter, reaching $1,938 per ounce. NEM’s costs applicable to sales (CAS) rose 20% year over year. Newmont projects gold by-product CAS of $1,055 per ounce and gold by-product AISC of $1,680 per ounce. Kinross Gold Corporation KGC also saw higher production costs in the June quarter. KGC’s second-quarter attributable AISC was $1,821 per ounce, marking a 22% increase from the year-ago quarter. Kinross expects AISC to be $1,730 per ounce (+/-5%) in 2026, indicating a year-over-year increase from $1,571 per ounce in 2025. Shares of Agnico Eagle have gained 33.3% in a year compared with the Zacks Mining – Gold industry’s rise of 49.3%. Image Source: Zacks Investment Research From a valuation standpoint, AEM is currently trading at a forward 12-month earnings multiple of 15.61, a roughly 29.7% premium to the industry average of 12.04X. It carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AEM’s 2026 and 2027 earnings implies a year-over-year rise of 41.2% and a decline of 1.8%, respectively. The EPS estimates for 2026 and 2027 have been trending lower over the past 60 days. Image Source: Zacks Investment Research AEM stock currently carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Barrick Gold (NYSE:B) reported a Q2 earnings miss alongside updated capital expenditure guidance. Barrick Gold and Newmont agreed to expand the Nevada Gold Mines joint venture and resolve prior disputes. The agreement sets the stage for an IPO of combined North American gold assets as part of a broader restructuring. Barrick Gold is not the only stock tied closely to this theme of large scale gold production and asset reshaping, so it is worth comparing this update with a wider group of peers through 29 elite gold producer stocks. Barrick Mining is a CA based metals and mining company with a US$73.3b market cap that focuses on exploring, developing, producing, and selling mineral properties. Its scale and long standing role in large scale gold production help frame how meaningful this joint venture expansion could be for the core business mix. 3 things going right for Barrick Mining that this headline doesn't cover. Barrick Gold reported 11% higher gold production at 796,000 ounces and adjusted earnings of US$0.82 per basic share, but these results came in below Wall Street estimates. The miss led to an 8% share price drop as expectations had been set higher. For you, the key point is that market reactions often hinge on expectations rather than headline growth figures. The enlarged Nevada Gold Mines joint venture with Newmont includes a US$1.95b top up payment from Newmont and resolves earlier disputes between the partners. This clears the way for Barrick Gold to proceed with an IPO of its North American gold assets as part of a wider reshaping of its portfolio. The deal tightens operational alignment in a core region while giving Barrick Gold more flexibility for future capital decisions. The most concrete marker from here is progress toward the planned IPO of Barrick Gold's combined North American gold assets, including the formal filing and any timeline the company provides in its next quarterly report. IPO readiness will signal how quickly Barrick Gold can crystallise the joint venture structure into a new listed vehicle and potentially reshape its balance sheet. For the full picture including more risks and rewards, check out the complete Barrick Mining analysis. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include B. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Wheaton Precious Metals Corp. WPM reported adjusted earnings of $1.19 per share for second-quarter 2026, beating the Zacks Consensus Estimate of $1.15 by 3.48%. Adjusted earnings per share increased 89.7% year over year. Revenues rose 84.7% year over year to $929 million and surpassed the consensus estimate of $877 million by 5.98%. Revenue growth reflected a 61% increase in the average realized gold-equivalent price and a 14% rise in gold-equivalent ounces (GEOs) sold. The company sold 209,115 GEOs in the quarter, up 14.4% from the year-ago period. Gold contributed 46% to quarterly revenues, while silver accounted for 52%. Palladium represented 0.3% and cobalt contributed 2%. In second-quarter 2026, the average realized gold price was $4,452 per ounce, up 34.2% from the year-ago quarter. Silver prices were $73.41 per ounce, increasing 115.6% year over year. Palladium prices rose 43.5% from the prior-year quarter to $1,429 per ounce. Cobalt prices increased 50.2% year over year to $27.93 per pound. Wheaton Precious Metals Corp. price-consensus-eps-surprise-chart | Wheaton Precious Metals Corp. Quote Gold production in the second quarter was 90,434 ounces, down 2.6% year over year. The figure missed our gold production projection of 98,995 ounces for the quarter. Silver production rose 14.5% year over year to 6.4 million ounces, which came in higher than our estimate of 5.9 million ounces. Attributable gold-equivalent production in the quarter was 202,229 ounces, up 6.3% from the prior-year quarter’s output of 190,179 ounces. Our projection was 201,920 ounces. The total cost of sales increased 60.7% year over year to around $241 million in the second quarter. Gross profit rose 94.8% to $688 million. The gross margin was 74% in the reported quarter compared with 70.2% in the prior-year quarter.General and administrative expenses increased 2.8% year over year to $11 million. Earnings from operations were $667 million, up 102.3% from the $330 million reported in the prior-year quarter.Average cash costs in the second quarter of 2026 were $568 per GEO, up from $406 in the year-ago quarter. The cash operating margin increased 65% year over year to $3,875 per GEO sold due to a higher realized price per ounce. WPM had $0.1 billion in cash in hand at the end of second-quarter 2026 compared with $1.15 billion at the end of 2025. The company reported an operating cash flow of $649.5 million in the second quarter of 2026 compared with $415 million in the year-ago quarter. WPM maintained its 2026 production guidance of 860,000-940,000 GEOs. The outlook includes 400,000-430,000 ounces of gold, 27-29 million ounces of silver and 19,000-21,000 GEOs of other metals. The company expects production to be weighted to the second half, helped by mine sequencing at Salobo and Peñasquito, the full Antamina contribution, and continued ramp-up of newer assets.The development pipeline also continues to advance. Blackwater's Phase 1A expansion was 57% complete at the end of the quarter and remains scheduled for commissioning in the fourth quarter of 2026. Koné targets first gold in late fourth-quarter 2026, while Platreef expects commercial production in the fourth quarter. WPM continues to forecast production of 1.2 million GEOs by 2030. WPM shares have gained 38.5% in the past year compared with the industry’s 48.9% growth. Image Source: Zacks Investment Research Wheaton Precious currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Kinross Gold Corporation KGC reported adjusted earnings of 71 cents per share for the second quarter of 2026, surging 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%.Kinross Gold’s revenues increased 29.5% year over year to $2.2 billion but missed the consensus estimate of $2.3 billion by 2%. Agnico Eagle Mines Limited AEM posted second-quarter 2026 earnings of $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89. Agnico Eagle Mines generated revenues of $3,802.8 million, up 35% year over year. The top line missed the Zacks Consensus Estimate of $3,863.2 million.Newmont Corporation NEM reported second-quarter 2026 adjusted earnings of $2.10 per share, up 46.9% from $1.43 in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05.  Newmont’s revenues for the second quarter were $6.12 billion, up 15.1% from the prior-year quarter. The figure missed the Zacks Consensus Estimate of $6.35 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Barrick and Newmont reached a $1.95 billion agreement that resolves their Nevada Gold Mines dispute and clears the way for Barrick’s planned North American gold assets IPO. Barrick said it expects to complete the IPO by the end of 2026. Barrick reported second-quarter revenue of $5.29 billion, while adjusted earnings of $0.82 per share came in just below Street expectations of $0.84 per share. Barrick Mining (B) moved closer to spinning off its North American gold assets IPO into a separate listed company after reaching a $1.95 billion agreement with Newmont (NEM) that also resolves all outstanding disputes surrounding their Nevada Gold Mines joint venture. Barrick said it expects to complete the IPO by the end of 2026, with current CEO Mark Hill to take over the reins of the new company. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox The win was, however, overshadowed in premarket trading after Barrick’s second quarter earnings came in below Wall Street expectations, despite a stronger-than-expected jump in gold production. Under the agreement, both miners will contribute previously excluded properties to Nevada Gold Mines (NGM). Barrick will add its Fourmile project, while Newmont will contribute its Fiberline and Mike developments. NGM was created in 2019 when Barrick and Newmont combined their major Nevada operations into a single joint venture. Barrick owns 61.5% of NGM and serves as operator, while Newmont holds the remaining 38.5%. “We are on track to complete the IPO of our North American gold assets by the end of this year. We are excited to launch a pure-play gold company with high-quality, long-life assets exclusively in low-risk jurisdictions. The cooperation agreement with Newmont expands the Nevada complex to nearly 100 million ounces, and the agreement gives us great flexibility and value,” Hill said. Separately, Barrick reported second-quarter revenue of $5.29 billion, topping Wall Street's $5.08 billion estimate, according to Fiscal.ai, while adjusted earnings of $0.82 per share came in just below expectations of $0.84 per share. Gold production rose 11% sequentially to 796,000 ounces, exceeding the company’s guidance of 730,000 to 770,000 ounces, helped by a faster ramp-up at Loulo-Gounkoto in Mali and recovery at Pueblo Viejo in the Dominican Republic. Barrick maintained its 2026 gold production guidance of 2.90 million to 3.25 million ounces and also declared a quarterly dividend of $0.175 per share. B shares were down 4.5% in pre-market trading on Monday, on track to snap a five-session winning streak. Despite the pre-market sell-off, retail sentiment surrounding B on Stocktwits turned ‘extremely bullish’ from ‘bullish’ over the past 24 hours, amid ‘extremely high’ message volumes. One user said, “All things considered, this stock should be trading at least around the $60 level.” This represents a 43% potential upside from current levels. The stock is down around 1% so far this year. Also read: ABCL Stock Has Rallied 100% This Year – Now All Eyes Are On AbCellera’s Menopause Drug Data For updates and corrections, email newsroom[at]stocktwits[dot]com. Arnab Paul has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: Why Did FRMI Stock Rise As Much As 35% After-Hours? RKLB Slips After Hours On Q2 Earnings Miss But Retail Traders Cheer Strong Order Backlog, Upcoming Neutron Launch ASTS Stock Drops After Hours on Q2 Revenue Miss, Wider-Than-Expected Loss, Investor Focus On Future Launches

Interested in Gold.com Inc.? Here are five stocks we like better. Strong operating and financial performance: Gold.com produced 796,000 ounces of gold in Q2, exceeding guidance by 3%, while net earnings rose 50% year over year to $1.2 billion. The company maintained its full-year production and cost outlook and ended the quarter with $1.2 billion in net cash. Newmont agreement supports strategic restructuring: A roughly $4 billion agreement reshapes the Nevada joint venture, adds about 6.4 million ounces of resources and resolves historical disputes. Gold.com continues to target a North American gold-assets IPO by the end of 2026, with plans to sell a 10% minority stake and return most proceeds to shareholders. Growth spending guidance was reduced: Fourmile, Lumwana and the Pueblo Viejo expansion remain on schedule, while delayed plant construction at Reko Diq helped lower 2026 attributable capital-expenditure guidance to $3.8 billion-$4.2 billion. Management also cited improved safety metrics but acknowledged six lost-time injuries and ongoing payment demands from Mali. Gold Rally Continues: These 3 Mining Stocks Are Likely to Benefit Gold.com (NYSE:GOLD) reported second-quarter 2026 gold production above guidance, improved quarterly output and continued progress on major growth projects, while outlining an agreement with Newmont intended to reshape their Nevada joint venture and support a planned North American IPO. President and CEO Mark Hill said the company produced 796,000 ounces of gold during the quarter, 3% above guidance and 11% higher than the first quarter. Copper production totaled 56,000 tonnes. Hill said the company met its gold-cost guidance and maintained its full-year 2026 production and cost outlook. → MarketBeat Week in Review – 08/03 - 08/07 Best Gold Stocks in 2025… So Far “We have had our third quarter in a row with excellent operating and financial results,” Hill said. He added that the company expects gold output to rise in the third quarter from second-quarter levels and increase further in the fourth quarter. Copper production is also expected to be higher in the second half than in the first half. Senior Executive Vice President and CFO Helen Cai said net earnings totaled $1.2 billion, up 50% from the prior-year period. Adjusted net earnings were $1.36 billion, or $0.82 per share, which she said was in line with Bloomberg consensus estimates. Attributable adjusted EBITDA rose 51% year over year to $2.5 billion, representing a 59% margin. → Quantum Earnings Week: Winners and Losers Are Finally Emerging Gold Rally vs. Oil Surge: Where Investors Are Betting Next Attributable free cash flow declined 33% year over year in the second quarter, reflecting the typical timing of annual tax and interest payments as well as a one-time $200 million payment related to Loulo-Gounkoto. Cai said free cash flow would have been more than 60% higher year over year excluding that payment. Year-to-date attributable free cash flow was $1.4 billion, more than double the comparable period a year earlier. The company ended the quarter with $1.2 billion in net cash, an undrawn $3 billion revolving credit facility and no meaningful debt maturities until 2033, Cai said. → Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War During the quarter, the company repurchased $1.2 billion of shares under its previously announced $3 billion authorization. Cai said the company has returned $3 billion through dividends and buybacks since its new leadership began in October 2025, more than double the prior corresponding period. Its dividend framework includes a quarterly base dividend of $0.175 per share and a year-end performance top-up designed to target total payouts of 50% of attributable free cash flow. Hill opened the call by discussing an agreement with Newmont that he said has an approximate total value of $4 billion. The package includes the parties’ interests in Fourmile as well as Newmont properties known as Mike and Fiberline, which Hill said add about 6.4 million ounces. It also resolves historical disputes and litigation between the joint-venture partners. Hill said the agreement followed four months of negotiations and aligns the partners’ interests as they seek to optimize Nevada Gold Mines. He said the companies can now evaluate greater processing capacity, including the potential for a roaster or autoclave, while reducing ore trucking and coordinating infrastructure planning around Fourmile and Goldrush. Management did not provide a detailed valuation of the individual elements of the transaction. Hill said there would be no contingent payments tied to future exploration success. The company continues to target completion of an IPO of its North American gold assets by the end of 2026. Hill said he has been selected by the board to lead the new company as CEO when it launches. The company plans to sell a 10% minority interest and does not currently intend to increase that percentage, according to Hill. Management said the vast majority of net proceeds from the offering are expected to be returned to shareholders. Chief Development Officer George Joannou said the company is reviewing the IPO structure following the Newmont agreement, including potential friction-cost savings and domicile considerations. He said a marketing process will occur, though management did not provide timing. Hill said the company’s principal growth projects—Fourmile, Lumwana and the Pueblo Viejo expansion—remained on time and on budget during the quarter. Fourmile: The company increased drilling to 20 active rigs and expects to complete a prefeasibility study by the end of 2028. Hill said the Newmont agreement may allow the project’s development and processing planning to advance more quickly, although permitting remains a constraint. Lumwana: The mill expansion is intended to double copper production. The company expects 2026 capital spending to be at the low end of guidance and anticipates first copper from the expansion by the end of the first quarter of 2028. Pueblo Viejo: Work progressed on permitting and construction for the tailings facility, haul roads and water-treatment plant. Hill said 90% of resettlement packages have been accepted. Reko Diq: The company will continue its review of the project but decided not to begin plant construction this year. Expected 2026 attributable capital expenditures were reduced to $450 million to $500 million from $600 million to $700 million. Lower projected spending at Lumwana and Reko Diq reduced the company’s 2026 group attributable capital expenditure guidance to $3.8 billion to $4.2 billion. Hill said safety remained the company’s top priority. The frequency rate improved quarter over quarter to 0.77 from 0.92, though the company recorded six lost-time injuries during the period. Hill called that result “completely unacceptable” and said leadership is increasing field time, conducting more critical-control verifications and addressing risks at mine sites. The company has invested more than $90 million this year in safety technology, including mining-equipment automation, vehicle dash cameras, safety-reporting software and artificial-intelligence analytics. At Loulo-Gounkoto, Cai said the company made a $200 million payment in April associated with additional royalties, penalties and interest arising from the retrospective application of Mali’s 2023 mining code to 2024 and 2025. She said a further $48 million payment demand was received in July. A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Gold.com Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. LunR Royalties (TSX:LUNR) drew attention on August 6, 2026 after reporting second quarter and six month earnings, alongside appointing Newmont executive Scott Langley to its Board of Directors. The company reported second quarter sales of US$4.61 million with a net loss of US$0.147 million. For the first half of 2026, sales were US$4.61 million and the net loss reached US$1.99 million, with basic and diluted loss per share from continuing operations at US$0.02. Investors tracking LunR Royalties may also note the governance update. The company plans to add Scott Langley to the Board effective August 7, 2026, bringing experience in metals and mining investment banking and corporate development. See our latest analysis for LunR Royalties. LunR Royalties' recent earnings update and board appointment come after a strong year to date, with a year to date share price return of 63.85%. Shorter term momentum is building, as the 7 day share price return of 14.82% and 30 day share price return of 13.48% offset a 90 day share price return that declined 11.51%. If you are watching how metals and mining royalties are pricing in growth and risk, it can help to compare LunR Royalties with other copper and precious metals opportunities through the 9 top copper producer stocks After a sharp year to date move, LunR Royalties now sits between recent price action and a wide span of estimated fair values. So where in that range does a reasonable valuation case actually land for this stock? The latest numbers suggest LunR Royalties is trading on a very high valuation compared to peers, with the stock last closing at CA$21.30 and screening as expensive on a price based measure. The preferred multiple here is the price-to-book ratio, which compares LunR Royalties' market value to the book value of its net assets. For asset heavy sectors like metals and mining, investors often watch P/B to see how much of a premium the market is placing on the underlying projects and royalty interests. For LunR Royalties, this ratio currently sits at 644.9x according to the data, which is very large in absolute terms. That level suggests the market is placing a substantial premium on the company relative to its book value, even though LunR Royalties is currently unprofitable and reports no meaningful revenue. The gap to peers is also wide. The Canadian Metals and Mining industry average P/B is 2.7x, while LunR Royalties' peer group sits at 13.5x. LunR Royalties trades far above both reference points, which indicates investors are paying a much higher multiple than is typical for comparable metals and mining stocks. See what the numbers say about this price — find out in our valuation breakdown. Result: Price-to-book of 644.9x (OVERVALUED) However, LunR Royalties still carries clear risks, including its current losses and very high P/B multiple, which could be sensitive to shifts in expectations for its royalty projects. Find out about the key risks to this LunR Royalties narrative. If this LunR Royalties snapshot feels mixed, it is worth moving quickly to review the underlying data and stress test your own stance. You can start by weighing the 1 or more concerns already flagged in the 2 important warning signs. If LunR Royalties has caught your attention, do not stop here. The market is full of other stocks with different risk, income, and balance sheet profiles. Spot potential mispriced opportunities early and review companies that screen as both quality and attractively valued through the 14 high quality undervalued stocks. Strengthen your income toolkit by checking stocks that offer higher yields and focus on sustainable payouts using the 5 dividend fortresses. Prioritise resilience in your portfolio and scan for companies that show sturdier financial footing through the solid balance sheet and fundamentals stocks screener (12 results). This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include LUNR.TO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]