This article first appeared on GuruFocus.

Investors are watching BHP Group (NYSE:BHP) reposition itself for a new phase of capital deployment as the miner accelerates the monetization of non-core infrastructure. BHP has agreed to sell a $2 billion stake in the electricity network that powers its Pilbara iron ore operations, transferring almost half of its existing 85 percent ownership to Global Infrastructure Partners, the infrastructure arm of BlackRock. The proceeds will be redeployed into higher-priority growth areas, with BHP continuing to pay a tariff based on its remaining stake for 25 years. The move follows an earlier signal from BHP in August that it intended to recycle capital through targeted divestments, with analysts suggesting this could be the start of a broader capital-efficient optimization program.

Operational leadership remains intact. BHP will continue to oversee the entire network, which includes the Yarnima gas-fired power station and over 400 kilometers of transmission lines and substations, with the deal expected to close next year. CEO Mike Henry said the agreement enables BHP to access new capital while retaining full strategic and operational control of the assets. Shares slipped 0.4 percent to A$44.30 in Sydney on Tuesday. The plan mirrors a wider shift among major miners, where Rio Tinto has announced a plan to release between $5 billion and $10 billion from divestments, funded partly by the sale of its titanium and borates business and additional infrastructure that it uses but no longer needs to own.

The recycling effort is being positioned around one central goal: expanding long-life growth in copper, potash and iron ore. BHP is planning around $10 billion of annual capital expenditure for the rest of this decade, including $13 billion over the next 10 years to maintain production from its Chilean copper operations and heavy investment into its Canadian potash development. Copper demand is projected to increase by about 70 percent over the next two decades, driven by the shift toward lower-carbon energy and the growing requirements of data centers. The outlook has intensified BHP's pursuit of scale in copper, culminating in two unsuccessful takeover attempts for Anglo American last month, with the latest approach reportedly valued at around 40 billion. Investors could view the current divestment strategy as an early sign that BHP is preparing to channel capital into its highest-conviction growth opportunities while keeping balance-sheet discipline intact.

  • If you are wondering whether BHP Group still offers good value after its long run, or if the easy gains are behind it, this article will walk through what the numbers are really saying about the stock today.
  • With the share price at about AU$44.30, BHP is up 4.1% over the last week, 3.9% over the last month, and has stacked up a solid 69.0% gain over five years. That naturally raises the question of whether the current price still reflects attractive upside.
  • Recent moves have been shaped by shifting expectations around iron ore demand from China and a renewed focus on copper as a critical metal for electrification, with BHP frequently cited in market commentary as a key beneficiary of long term infrastructure and energy transition spending. At the same time, headlines around global growth uncertainty and commodity price volatility have kept a floor under risk perceptions, which helps explain why the stock has been climbing, but not in a straight line.
  • On our checks, BHP scores a 4/6 valuation score, suggesting the market may still be underpricing parts of its cash flow and asset base. We will break down what different valuation methods say and then finish by looking at a more powerful way to tie those valuation signals into the bigger investment story.

Find out why BHP Group’s 10.5% return over the last year is lagging behind its peers.

Approach 1: BHP Group Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow model estimates what a company is worth by projecting the cash it can generate in the future and then discounting those cash flows back to today to reflect risk and the time value of money.

For BHP Group, the latest twelve month Free Cash Flow stands at about $10.35 billion. Analysts have detailed forecasts out to 2029, after which Simply Wall St extrapolates trends for several more years, leading to a projected Free Cash Flow of roughly $10.23 billion by 2030. These projections are based on a 2 Stage Free Cash Flow to Equity model, which assumes a first phase of analyst led growth followed by a more mature, slower growth period.

Bringing all of those projected cash flows back to today results in an estimated intrinsic value of about A$46.38 per share. Compared with the current share price of roughly A$44.30, the DCF suggests BHP is trading at about a 4.5% discount, which is a modest gap rather than a screaming bargain.

Result: ABOUT RIGHT

BHP Group is fairly valued according to our Discounted Cash Flow (DCF), but this can change at a moment’s notice. Track the value in your watchlist or portfolio and be alerted on when to act.

BHP Discounted Cash Flow as at Dec 2025

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for BHP Group.

Approach 2: BHP Group Price vs Earnings

For profitable companies like BHP Group, the price to earnings (PE) ratio is a straightforward way to connect what investors are paying today with the profits the business is generating. In general, stronger and more reliable earnings growth, coupled with lower perceived risk, tends to justify a higher PE, while more cyclical or uncertain earnings usually call for a lower PE.

BHP currently trades on a PE of about 16.5x, which is below both the Metals and Mining industry average of roughly 21.8x and the peer group average around 20.2x. At first glance, that discount might suggest the market is assigning a more cautious outlook to BHP compared to its sector.

Simply Wall St’s Fair Ratio offers a more tailored lens. It estimates what a reasonable PE should be for BHP, based on its earnings growth profile, risk, profit margins, industry positioning and market cap. On this basis, BHP’s Fair Ratio comes out at about 28.0x, materially higher than its current 16.5x. That gap implies the shares trade at a meaningful discount to what its fundamentals would typically warrant.

Result: UNDERVALUED

ASX:BHP PE Ratio as at Dec 2025

PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1452 companies where insiders are betting big on explosive growth.

Upgrade Your Decision Making: Choose your BHP Group Narrative

Earlier we mentioned that there is an even better way to understand valuation. Let us introduce you to Narratives, a simple tool on Simply Wall St’s Community page that lets you combine your own story about BHP Group with concrete forecasts for revenue, earnings, margins and a resulting fair value. It then automatically compares that fair value to today’s share price to show whether your view suggests buying or selling, keeps that view up to date as new news or earnings arrive, and makes it easy to see how different investors can reasonably disagree. For example, one bullish Narrative might assume BHP deserves a fair value near A$46.55 because decarbonization and copper growth will drive higher long term profitability, while a more cautious Narrative might point to legal, regulatory and iron ore demand risks and land closer to A$35.82. All of this sits within a dynamic, visual framework that helps you decide which version of the future you find most convincing and what that means for your next move.

Do you think there’s more to the story for BHP Group? Head over to our Community to see what others are saying!

ASX:BHP 1-Year Stock Price Chart

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 BHP.AX.

BHP Group is selling a $2 billion stake in the power network that supplies its vast iron ore operations in the Pilbara region of Western Australia, as it seeks to channel funds into priority areas such as copper.

The mining giant will sell almost half of its 85% interest in the power network to BlackRock Inc.’s Global Infrastructure Partners LP and pay a tariff linked to its stake over a 25-year period, BHP said in a statement Tuesday.

Most Read from Bloomberg

Major miners are seeking to divest non-core assets as they focus on growth while reining in spending. BHP first flagged its intention to sell interests in infrastructure in August, saying it would recycle capital into higher-return growth opportunities, a sentiment echoed last week by its biggest rival, Rio Tinto Group.

“The deal increases the likelihood of additional capital-efficient recycling across BHP’s wide infrastructure portfolio in coming years,” RBC Capital Markets LLC analyst Kaan Peker said in a note.

The Perth-based company will maintain full control over the electricity network, which includes the Yarnima gas-fired power station and more than 400 kilometers (249 miles) of transmission lines and substations. The deal is expected to close next year.

The agreement with GIP “enables BHP to access capital and maintain operational and strategic control” of the energy network, BHP Chief Executive Officer Mike Henry said in the statement. The company’s shares slipped 0.4% to close at A$44.30 ($29.45) in Sydney on Tuesday.

Rio has said it would release $5 billion to $10 billion in “cash proceeds” from its asset base through divestments. About half of that will come from the sale of its titanium and borates business, but the remainder is likely to be from infrastructure it uses but doesn’t need to own. Any capital raised will help fund plans to ramp up a series of massive new copper and iron ore mines.

Elsewhere, Mineral Resources Ltd., a mid-sized Australian miner, last year took similar measures, selling a 49% interest in the 150-kilometer haul road between its Onslow Iron mine and its export terminal to Morgan Stanley Infrastructure Partners — agreeing to pay a toll to use it.

BHP hasn’t yet said whether it’s considering selling a stake in its rail network, which spans more than 1,000 kilometers, as it looks to fund capital expenditure of about $10 billion each year for the remainder of the decade.

Among its largest investments is $13 billion to maintain production at its Chilean copper assets over the next 10 years. The company is also investing heavily in its Canadian potash project, paving its entry into fertilizer once operations begin.

The miner is also urgently seeking to increase its exposure to copper, where it sees demand jumping 70% over the coming two decades, driven by the shift to a low-carbon economy and the relentless growth of data centers. It’s appetite for the metal spurred two failed takeover attempts of Anglo American Plc, which owns some of the biggest mines — with last month’s said to be worth around £40 billion ($53 billion).

–With assistance from Martin Ritchie.

(Writes through with details, background.)

Most Read from Bloomberg Businessweek

©2025 Bloomberg L.P.

BHP Group (NYSE:BHP) is one of the best copper stocks to buy right now. On December 3, JPMorgan analyst Dominic O’Kane lifted the price target on BHP Group (NYSE:BHP) to 2,300 GBp from 2,100 GBp while keeping a Neutral rating on the shares. However, Citi analyst Ephrem Ravi reiterated a Hold rating on the stock on December 2, setting a A$47.00 price target.

In addition, Bank of America Securities analyst Jason Fairclough maintained a Buy rating on BHP Group (NYSE:BHP) on November 24, with a price target of A$49. Morgan Stanley’s Rahul Anand also issued a bullish outlook for the stock the same day, assigning a Buy rating.

The ratings came after BHP Group (NYSE:BHP) reported its operational review for the quarter ended 30 September, announcing that copper production grew 4%, with record concentrator throughput at Escondida. Management highlighted the resilient overall macroeconomic signals for commodity demand, with global growth forecasts also moving higher.

The company further stated that while it expects some deceleration in growth in H2 CY25, in China, it still expects GDP growth of ~5% for the year. In addition, BHP Group’s (NYSE:BHP) asset portfolio in copper benefited from major disruptions at some of its competitors’ mines, tightening the overall market fundamentals.

BHP Group (NYSE:BHP) is involved in the exploration, production, development, and processing of copper, iron ore, and metallurgical coal. Its operations are divided into the Copper, Iron Ore, and Coal segments. The Copper segment encompasses the mining of copper, silver, gold, lead, zinc, molybdenum, and uranium.

While we acknowledge the potential of BHP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

BHP has agreed to a US$2 billion funding arrangement with Global Infrastructure Partners, part of BlackRock, to support the inland power network serving its Western Australia Iron Ore operations.

The deal creates a new trust entity that will be 51% owned and controlled by BHP, while GIP will acquire a 49% stake through its capital injection. In exchange, BHP will pay a tariff tied to its share of WAIO’s inland power usage over a 25-year period.

The agreement enables BHP to unlock capital while retaining full operational control over WAIO and its power assets. No ownership of WAIO infrastructure changes hands, and existing joint venture and state agreements remain unaffected.

Infrastructure monetization deals have accelerated across the mining and energy sectors as operators seek to recycle capital, strengthen balance sheets, and fund growth without ceding strategic control. WAIO — 85% owned by BHP — is pursuing a long-term plan to lift iron ore output to 305 million tonnes per year through targeted investments in mines, rail, and power systems.

For BHP, the transaction supports its capital allocation framework and adds financial flexibility as it navigates volatile iron ore markets and rising decarbonization costs. For GIP, the acquisition expands its footprint in Australian energy infrastructure, building on its US$189 billion global portfolio.

Completion is expected by the end of FY2026, pending regulatory approvals, including Australia’s Foreign Investment Review Board.

By Charles Kennedy for Oilprice.com

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This article first appeared on GuruFocus.

Release Date: December 09, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

  • Compass Minerals International Inc (NYSE:CMP) reduced its net debt by 14%, or $125 million, through improved working capital management.

  • The company achieved a significant improvement in adjusted EBITDA, increasing by almost 107% year over year to $35 million.

  • CMP successfully refinanced its debt, enhancing liquidity and financial flexibility by extending the maturity wall of its outstanding debt.

  • The company reported a consolidated revenue increase of 11% year over year, reaching approximately $1.25 billion.

  • CMP's salt segment saw a 13% increase in revenue for the fourth quarter, driven by a 20% increase in highway deicing volumes.

Negative Points

  • The decision to curtail rock salt production resulted in higher per ton costs, adversely impacting margins in 2025.

  • CMP reported a consolidated net loss of $80 million for the full fiscal year, despite improvements in other areas.

  • The plant nutrition segment experienced a 9% decline in volumes during the fourth quarter.

  • Pricing dynamics in the salt segment were mixed, with highway deicing prices down 2% year over year.

  • The company forecasts a decline in sales volumes for 2026, with an expected 8% decrease at the midpoint of guidance.

Q & A Highlights

Q: Could you address the volume decline you're forecasting in highway deicing and whether it's a structural or cyclical decline? A: Ben Nichols, Chief Commercial Officer: The decline is a reversion to more typical winter assumptions. The prior winter operated at over 95% of commitment levels, and our guidance is moving back to more typical weather expectations.

Q: What are the drivers to reach the upper and lower end of the full-year guidance range for EBITDA? A: Ben Nichols, Chief Commercial Officer: The primary driver would be upside in winter weather, which would impact market demand and efficiencies. Ed Dowling, CEO, added that consistent operations and success with improvement efforts at the mines are also crucial.

Q: Given that you expect lower volumes in both segments year over year, does that mean inventories are unlikely to grow next year? A: Peter Feldman, CFO: We continue to align inventories and production levels to meet demand. Ed Dowling, CEO, emphasized that the company plans to manage inventory carefully to use cash and retire debt, without building excess inventory.

Q: Do you expect to use working capital in 2026? A: Ben Nichols, Chief Commercial Officer: We feel confident that our inventory is aligned with our sales forecast for the current season. Decisions on production planning and inventory strategy will be adjusted based on how the winter informs the next season.

Q: In plant nutrition, why were volumes pulled forward, and how much of your volumes do you think were pulled forward? A: Ben Nichols, Chief Commercial Officer: The exact number is hard to pin down, but it was a significant portion of the year-over-year variance. It was due to market behavior, and we were able to serve the business and monetize it in fiscal 2025 due to production stability at Ogden.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

VANCOUVER, BC, Dec. 8, 2025 /CNW/ – Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has entered into an agreement to acquire an existing royalty (the "Royalty") on the Pedra Branca mine, from BlackRock World Mining Trust plc ("BlackRock") for $70 million in cash (the "Transaction"). Pedra Branca is an operating copper and gold mine located in Brazil and currently owned and operated by a subsidiary of BHP Group Limited ("BHP"). In August 2025, BHP announced the sale of the Pedra Branca mine and other assets in the Carajás region to CoreX Holding BV, which is expected to complete upon the satisfaction of customary closing conditions. All amounts are expressed in U.S. dollars unless otherwise noted.

David Garofalo, Chairman and CEO of Gold Royalty, commented: "We are pleased to announce another significant addition to our portfolio. The acquisition of the Pedra Branca royalty represents an immediate and material addition to our cash flows. On completion, our portfolio of high-quality assets will include eight cash flowing assets and a deep pipeline of over 250 royalty and streaming interests."

Transaction Highlights:

  • Materially accretive to Gold Royalty cash flows: For the 12 months ended June 30, 2025, the Royalty expense recorded to the prior royalty holder was approximately $7.9 million, equivalent to approximately 2,800 gold equivalent ounces ("GEOs")* at an average gold price of $2,811 per ounce. The Royalty is expected to add significant and meaningful cash flow to Gold Royalty after completion of the acquisition, including as a result of the current gold pricing climate.

  • Enhances leverage to gold and copper: The Royalty's terms include a 25% net smelter return royalty ("NSR") on gold and 2% NSR on copper produced from Pedra Branca. This further enhances Gold Royalty's already strong gold exposure from both a revenue and asset value perspective. Gold Royalty believes the enhanced copper exposure is timely, given the currently strong long-term fundamentals for the metal based on demand projections to support the coming global transition to renewable energy.

  • Attractive royalty structure: The Royalty has full coverage over the Pedra Branca East and Pedra Branca West deposits. The Royalty does not include any step-down options so it provides full exposure to longer term optionality of the asset.

  • Exposure to top quality asset: The Pedra Branca East underground copper and gold mine achieved first production in 2020 and had an approximate 800 ktpa mining rate operated by OZ Minerals. BHP acquired Pedra Branca when it acquired OZ Minerals in 2023 and has continued to extend the mine life and reported increases in Pedra Branca's Mineral Resources and Ore Reserves, as reported in the BHP Annual Report for the year ended June 2025.

  • World-class operators: The mine was constructed by OZ Minerals and is currently operated by BHP. On August 18, 2025, BHP announced that a wholly-owned subsidiary of CoreX Holding BV had agreed to acquire Pedra Branca, along with BHP's other Carajás copper assets in Brazil.

  • Top-tier jurisdiction: Pedra Branca is located in the Carajás region in Brazil's Pará state, a prolific mining region which is home to world-class iron ore deposits as well as copper, gold, manganese, copper, tin, and aluminum.

* GEOs is a non-IFRS measures and do not have a standardized meaning under IFRS. See "Non-IFRS Measures" for further information.

The Transaction and Royalty

Pursuant to the transaction, Gold Royalty will acquire the Royalty in exchange for $70 million in cash, payable to Blackrock at closing. The Company has available resources and commitments to fund the purchase price. Completion of the acquisition is subject to customary closing conditions.

Pursuant to the agreement, after closing, Gold Royalty will receive all payments relating to production from the Royalty for periods ending after December 31, 2025.

The Royalty consists of a 25% NSR on gold and a 2% NSR on copper and other products produced from the Pedra Branca mine, comprising the Pedra Branca West and Pedra Branca East areas, and the former Antas North mine which has been fully depleted as depicted on the map in Figure 1 below.

Pedra Branca

The Pedra Branca mine is located in Água Azul do Norte, which is approximately 160 km from Marabá and 900 km from Belém in the state of Pará, Brazil. Electricity is supplied to the mine via a 5 MW transmission line. Material is transported from Pedra Branca and is processed at the Antas North Plant, located in the municipality of Curionópolis, Brazil. The plant has been operating and depositing tailings into a nearby exhausted open pit.

The mine consists of an iron oxide copper gold deposit. High-grade zones of semi-massive and breccia mineralization with dominant chalcopyrite as the key copper-bearing mineral.

Pedra Branca was acquired by OZ Minerals in 2018 when OZ Minerals purchased Avanco Resources including its projects in the Carajás Copper Region and the Gurupi Greenstone Belt. OZ Minerals commenced mine construction in 2019; the mine was ramped up to full production in 2022. Subsequently, BHP acquired OZ Minerals in 2023.

In its annual report for the year ended June 30, 2025, BHP disclosed JORC-based estimated measured mineral resources of 2.4 Mt at 1.68% copper and 0.47 g/t gold and indicated mineral resources of 12 Mt at 1.41% copper and 0.40 g/t gold, utilizing a cut-off based on an NSR value of $78.73/t. It also disclosed estimated proven mineral reserves at Pedra Branca of 1.3 Mt at 1.8% copper and 0.48 g/t gold and probable mineral reserves of 2.5 Mt at 1.85% copper and 0.49 g/t gold, utilizing cut-offs based on NSR values of $78.73/t above mining level 810 and $84.20/t below the 810 mining level.

On August 18, 2025, BHP announced that a wholly-owned subsidiary of CoreX Holding BV had agreed to acquire Pedra Branca, along with BHP's other Carajás copper assets in Brazil. CoreX Holding is a global, highly diversified industrial conglomerate established in 2024. It operates across a wide range of industries including metals and mining, ports and terminals, green energy, shipping and logistics, and other sectors. The company operates in over 55 countries with a workforce exceeding 20,000 employees. CoreX Metals & Mining, the metals and mining subsidiary of CoreX Holding, is one of the world's largest chromite and ferrochrome producers and also has operations in nickel, copper, and gold.

Figure 1: Regional map showing exploration tenements and the Pedra Branca Mine. Source: Pedra Branca Mineral Resource and Ore Reserve Statement and Explanatory Notes as at 30 June 2022, published by OZ Minerals. (CNW Group/Gold Royalty Corp.)

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Qualified Person

Alastair Still, P.Geo., Director of Technical Services of the Company, is a "qualified person" as such term is defined under Canadian National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information disclosed in this news release.

Notice to Investors

Except where otherwise stated, the disclosure in this news release relating to the Pedra Branca mine has been derived from BHP's annual report for the year ended June 30, 2025, a copy of which is available on its website at www.bhp.com, its other disclosures identified herein and other public information disclosed by it. Such information has not been independently verified by the Company. Specifically, Gold Royalty has limited, if any, access to the property subject to the Royalty. Although Gold Royalty does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.

Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this news release, including any references to mineral resources or mineral reserves, was prepared by the BHP under the 2012 Edition of the Australasian Code for Reporting of Exploration Results, which differs from the requirements under NI 43-101 and those of the U.S. Securities and Exchange Commission, including under subpart 1300 of Regulation S-K under the Securities Exchange Act of 1934 ("SK 1300"). Accordingly, the scientific and technical information contained or referenced in this news release may not be comparable to similar information prepared by entities under NI 43-101 or SK 1300.

In addition, the disclosure herein includes information regarding resource and reserve estimates and other exploration information prepared and disclosed by BHP, which has been included by the Company pursuant to Item 1304 of SK1300 as such information was prepared and disclosed by BHP prior to the Company's acquisition of an interest in the Royalty. The Company is not treating such information as a current estimate of mineral resources or mineral reserves under SK1300 and notes that a qualified person of the Company has not done sufficient work to classify the estimate as such under SK1300.

Forward-Looking Statements:Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding: the benefits of the acquisition, its expected impact on the Company's cash flows and financial position; expectations regarding the closing of the transaction announced herein, and expectations regarding the operations and/or development of the Pedra Branca mine and the projects underlying the Company's royalties, stream. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's current and proposed interests, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, the ability of the parties to satisfy conditions to the completion of the transaction announced herein and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, the possibility that the transaction announced herein does not close when expected, or at all, because conditions to closing are not satisfied on a timely basis, any inability to any inability of the operators of the properties underlying the Company's royalties, stream and other interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2024, and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Non-IFRS Measures

We have included, in this document, certain performance measures, including: (i) GEOs which is a non-IFRS measures. The presentation of such non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These non-IFRS measures do not have any standardized meaning prescribed by IFRS and other companies may calculate these measures differently.

GEOs

GEOs applicable to the Royalty were determined by dividing Total Revenue, Land Agreement Proceeds and Interest received by the prior holder by the average gold prices for the applicable period:

(in thousands of dollars, except Average Gold Price/oz and GEOs)

Average Gold Price/oz

Total Revenue, Land Agreement Proceedsand Interest

GEOs

For the three months ended September 30, 2024

2,475

1,193

482

For the three months ended December 31, 2024

2,661

2,769

1,041

For the three months ended March 31, 2025

2,865

1,935

676

For the three months ended June 30, 2025

3,279

1,967

600

For the twelve months ended June 30, 2025

2,811

7,865

2,798

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/gold-royalty-to-acquire-producing-pedra-branca-gold-and-copper-royalty-302635091.html

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/08/c3461.html

Compass Minerals (CMP) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to a loss of $0.77 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -13.33%. A quarter ago, it was expected that this minerals producer would post a loss of $0.13 per share when it actually produced a loss of $0.39, delivering a surprise of -200%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Compass, which belongs to the Zacks Chemical – Diversified industry, posted revenues of $227.5 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.69%. This compares to year-ago revenues of $208.8 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Compass shares have added about 80.3% since the beginning of the year versus the S&P 500's gain of 16.8%.

What's Next for Compass?

While Compass has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Compass was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $381.03 million in revenues for the coming quarter and $0.62 on $1.31 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical – Diversified is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

RPM International (RPM), another stock in the broader Zacks Basic Materials sector, has yet to report results for the quarter ended November 2025.

This specialty chemicals company is expected to post quarterly earnings of $1.43 per share in its upcoming report, which represents a year-over-year change of +2.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

RPM International's revenues are expected to be $1.94 billion, up 4.9% from the year-ago quarter.

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OVERLAND PARK, Kan. (AP) — OVERLAND PARK, Kan. (AP) — Compass Minerals International Inc. (CMP) on Monday reported a loss of $7.2 million in its fiscal fourth quarter.

On a per-share basis, the Overland Park, Kansas-based company said it had a loss of 17 cents.

The minerals producer posted revenue of $227.5 million in the period.

For the year, the company reported a loss of $79.8 million, or $1.91 per share. Revenue was reported as $1.24 billion.

Compass expects full-year revenue in the range of $955 million to $1.03 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMP at https://www.zacks.com/ap/CMP

Company Provides Financial Outlook for Fiscal Full-Year 2026

OVERLAND PARK, Kan., December 08, 2025–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today reported fiscal fourth-quarter and full-year 2025 results. Unless otherwise noted, time periods referenced below are on a fiscal-year basis.

MANAGEMENT COMMENTARY

"Last year was a pivotal one for Compass Minerals, as we executed our back-to-basics strategy aimed at improving the performance of our core Salt and Plant Nutrition businesses. We aligned our North American highway deicing production with market conditions and executed several organizational, operational, and financial actions to strengthen the business. As a result, Compass Minerals is a leaner and more resilient company today," said Edward C. Dowling Jr., president and CEO. "With advantaged assets and a renewed focus on operational, commercial, and financial performance, we are prioritizing stronger cash generation and the reduction of absolute debt. This combination positions Compass Minerals well to generate long-term value for shareholders."

FISCAL FOURTH-QUARTER AND FULL-YEAR 2025 SUMMARY

  • Net loss for the fourth quarter of 2025 of $7.2 million, improved from a net loss of $48.3 million in comparable prior year period;
  • Total company adjusted EBITDA for the fourth quarter of 2025 of $41.6 million, up from $15.6 million in the prior-year;
  • Reported net loss of $79.8 million for fiscal 2025 compared to a full year net loss of $206.1 million in fiscal 2024;
  • Total company reported adjusted EBITDA down 4% year over year to $198.8 million, reflecting the deliberate curtailment of mine operating rates to release cash flow from inventory; modifying for the impact of the Fortress North America, LLC (Fortress) contingent consideration in both 2024 and 2025, adjusted EBITDA increased 4% year over year;
  • Annual adjusted EBITDA per ton for Salt business declined to $20.20 as sales of higher cost inventory, which was produced in 2024 while activity was temporary curtailed to align inventory with market conditions, flowed through the financial statements;
  • Annual Plant Nutrition sales volumes increased 19% in 2025 to 326 thousand tons, with realized improvements in profitability resulting from positive progress in reducing the cost structure;
  • Successful initiatives to optimize inventory levels saw North American highway deicing inventory value and volumes reduced by 33% and 36%, respectively, year over year;
  • Reduced net total debt by 14%, or $125 million, year over year, to $772.5 million at year end; and
  • Completed successful refinancing activity that enhances liquidity, provides operational flexibility and extends the debt maturity profile.

FISCAL 2026 OUTLOOK SUMMARY

  • Guidance range for total adjusted EBITDA for 2026 is $200 million to $240 million.
  • Guidance range for Salt segment adjusted EBITDA in 2026 is $225 million to $255 million.
    • Salt adjusted EBITDA expected to improve year over year on lower sales volumes as a result of stronger margins led by stronger pricing and lower anticipated per-ton costs resulting primarily from higher fixed cost absorption from restoring production levels at the North American mines.
  • Guidance range for Plant Nutrition segment adjusted EBITDA in 2026 is $31 million to $36 million.
    • Segment expected to generate similar adjusted EBITDA in 2026 compared to 2025 on lower anticipated sales volumes due to higher pricing and an improving cost structure.
    • Sales volumes forecast aligned with anticipated market demand and production plan designed to continue restoration of pond complex at Ogden, Utah solar evaporation facility.
  • Guidance range for adjusted EBITDA related to corporate overhead and other is $(56) million to $(51) million.
    • Results reflect cost rationalization efforts begun in 2025.
    • Mid-point of guidance implies an improvement of 15% year over year when excluding the impact of the $7.9 million gain recognized in 2025 related to the write off of Fortress contingent consideration liability.

2025 FINANCIAL RESULTS

(in millions, except per share data)

 

Three Months Ended

Sept. 30, 2025

 

Fiscal Year Ended

Sept. 30, 2025

Revenue

 

$

227.5

 

 

$

1,243.9

 

Operating income

 

 

12.0

 

 

 

25.3

 

Adjusted operating income*

 

 

12.0

 

 

 

85.4

 

Adjusted EBITDA*

 

 

41.6

 

 

 

198.8

 

Net loss

 

 

(7.2

)

 

 

(79.8

)

Net (loss) income per diluted share

 

 

(0.17

)

 

 

(1.91

)

Adjusted net (loss) income*

 

 

(7.2

)

 

 

(20.1

)

Adjusted net (loss) income* per diluted share

 

$

(0.17

)

 

$

(0.48

)

* Non-GAAP financial measure. Reconciliations to the most directly comparable GAAP financial measure are provided in tables at the end of this press release.

SALT BUSINESS RECAP

Salt segment fiscal 2025 fourth-quarter revenue totaled $181.6 million, up 12% year over year, due to a 13% increase in total sales volumes offset by a 1% decrease in price. Fourth-quarter sales volumes year over year saw 20% higher volumes in highway deicing product and a slight decline of 3% in consumer and industrial (C&I) salt product. Aggregate pricing for the segment was down 1% as a result of increased weighting of highway deicing volume in the current quarter, which saw a 1% and 7% increase in price per ton for highway deicing and C&I products, respectively. Operating income increased 2% to $21.5 million, while adjusted EBITDA increased 5% to $40 million in each case from the prior-year period. These increases reflect a slight improvement in the company's per ton cost structure year over year, with improvements in distribution costs offset by increased production costs.

For the fiscal full-year 2025, Salt segment revenue was up 13% year over year to $1,022.5 million. A return to more normal winter weather in the North American deicing season led to a 20% increase in highway deicing sales volumes. C&I sales volumes were up 1%, reflecting an increase in retail consumer deicing sales offset by a decline in other product categories. The 3% decline in total Salt pricing was due to changes in sales mix and lower prices for highway deicing salt (down 2%), partially offset by higher C&I salt (up 4%). The Salt segment generated $145.9 million in operating income and adjusted EBITDA of $219.2 million, down 11% and 4%, respectively, year over year. As a result of the company's decision to curtail production in 2024 to align inventory levels with business conditions, the salt segment's adjusted EBITDA per ton declined to approximately $20.20 per ton in fiscal 2025, which is an 18% decrease from fiscal 2024 levels.

PLANT NUTRITION BUSINESS RECAP

Plant Nutrition segment fourth-quarter revenue totaled $41.8 million, essentially flat year over year on a 9% decrease in sales volumes offset by an 8% increase in price. The segment had operating income of $6.2 million for the quarter, up from an operating loss of $29.7 million in the corresponding period last year. Adjusted EBITDA improved over the same period to $13.5 million from negative adjusted EBITDA of $(3.7) million. These increases reflect both improvement in the segment's distribution costs per ton as well as lower production costs. The prior-year period also includes non-cash impairment costs.

For the full fiscal year, the segment grew revenue 14% to $206.3 million, due to a 19% increase in sales volumes partially offset by a decline of 4% in sales price year over year. The increase in sales volumes during the year is a result of being able to pursue markets outside the company's core western U.S. markets due to improved operational performance at the Ogden, Utah, facility. The segment had operating income of $6.5 million for the year versus an operating loss of $86.4 million in fiscal 2024. Adjusted EBITDA improved to $34.9 million for the full year compared to $16.9 million in the prior year. Improvements in both operating income and adjusted EBITDA, adjusted to account for non-cash impairments, reflect an improvement in production costs tied to the company's efforts to restore the Ogden site's pond complex.

CASH FLOW AND FINANCIAL POSITION

Net cash provided by operating activities amounted to $197.7 million for fiscal 2025, a significant improvement from the $14.4 million reported in the prior year. The improvement year over year reflects the company's deliberate actions to curtail production and rationalize inventory levels, which allowed the company to convert excess inventory into cash during the year.

Net cash used in investing activities was $50.0 million for fiscal 2025, down $66.1 million year over year. Capital expenditures for fiscal 2025 were $69.7 million, which were intentionally reduced early in the year due to a slow start to the North American highway deicing season. These outflows were offset by proceeds of $19.6 million from the sale of the majority of assets and intellectual property associated with the company's exit from the fire retardant business.

Net cash used in financing activities was $108.3 million for fiscal 2025, compared to $83.1 million provided by financing activities in the comparable prior-year period. Current year activities include net repayments of $77.0 million of debt and reflect the successful refinancing efforts completed during the year.

The company ended the fiscal year with $59.7 million in cash and cash equivalents and $304.9 million of availability under its $325.0 million revolving credit facility, resulting in available liquidity of $364.6 million.

FISCAL 2026 OUTLOOK

Salt Segment Guidance

 

2026 Range

Highway deicing sales volumes (thousands of tons)

8,000 – 8,400

Consumer and industrial sales volumes (thousands of tons)

1,650 – 1,900

Total salt sales volumes (thousands of tons)

9,650 – 10,300

 

 

Revenue (in millions)

$955 – $1,035

Adj. EBITDA (in millions)

$225 – $255

Consistent with the results disclosed in the company's third-quarter fiscal 2025 results, the average contract price for the upcoming North American winter season is expected to be approximately 2% to 4% above the prior year's bid season results and total committed bid volumes will increase by approximately 3% to 5% compared to prior-year bid season. It is important to distinguish between committed bid volumes, which are used to establish minimum and maximum service levels for certain customers, and expected sales volumes, which will be driven ultimately by winter weather activity in the coming year. Sales volumes can be above or below committed volumes in any given deicing season.

While demand for deicing salt is stable over time, the nature of winter weather and the manner in which customers respond to weather events make forecasting deicing sales volumes difficult during any single year. The company refined it's process for forecasting volumes this year to more closely align its production, sales, and inventory processes. The company used a combination of factors, including historic relationships of sales-to-commitments, market data and historical weather-based trends. Based on the company's current view of these factors, sales volumes are forecasted to decline approximately 8% at the midpoint of guidance. Ultimately, sales will be driven by winter weather and how that drives demand in served markets.

Compass Minerals expects that approximately 75% of its highway deicing sales will be achieved in the first half of the fiscal year.

Plant Nutrition Segment Guidance

 

2026 Range

Sales volumes (thousands of tons)

290 – 310

Revenue (in millions)

$190 – $205

Adj. EBITDA (in millions)

$31 – $36

The company expects a decline in sales volumes in 2026 that aligns with anticipated market demand and conforms to the company's anticipated production plan for the year. Operationally, key areas of focus will be continuing the restoration efforts of the pond complex at Ogden. Sulfate of potash prices are expected to improve slightly year over year as a result of expected strengthening in global potash prices.

Corporate

 

2026 Range

 

Total

Adj. EBITDA (in millions)

($56) – ($51)

Projected Corporate results shown in the table above include corporate expenses in support of our core businesses and the results of DeepStore, the company's records management business in the U.K.

Total Compass Minerals

 

2026 Adjusted EBITDA

 

Salt

Plant Nutrition

Corporate1

Total

Adj. EBITDA (in millions)

$225 – $255

$31 – $36

($56) – ($51)

$200 – $240

 

 

 

 

 

 

2026 Capital Expenditures

 

 

 

 

Total

Capital expenditures (in millions)

 

 

 

$90 – $110

(1) Includes financial contribution from DeepStore.

Total capital expenditures for the company in fiscal 2026 are expected to be within a range of $90 million to $110 million. The capital program is scheduled in a manner that would allow scaling back of expenditures in the second half of the year in the event of a mild winter.

Other Assumptions

($ in millions)

2026 Range

Depreciation, depletion and amortization

$105 – $115

Interest expense, net

$65 – $70

Effective income tax rate (excl. valuation allowance)

30% – 34%

The guidance for the 2026 effective income tax rate reflects the income mix by country with income recognized in foreign jurisdictions offset by losses recognized in the U.S.

CONFERENCE CALL

Compass Minerals will discuss its results on a conference call tomorrow morning, Tuesday, Dec. 9, 2025 at 9 a.m. ET. To access the conference call, please visit the company’s website at investors.compassminerals.com or dial 800-715-9871. Callers must provide the conference ID number 7896827. Outside of the U.S. and Canada, callers may dial 646-307-1963. Replays of the call will be available on the company’s website.

A corporate presentation with fiscal 2025 results is available at investors.compassminerals.com.

About Compass Minerals

Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops, while supporting sustainable agriculture. Compass Minerals operates 12 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.

Forward-Looking Statements and Other Disclaimers

This press release may contain forward-looking statements, including, without limitation, statements about the outcome of the North American bid season, including pricing and commitment sizes, the execution of the company's back-to-basics strategy, tax rates, and the restoration of certain of the company's facilities and operations; cash generation capability; debt reduction; value creation; the company's outlook for 2026, including its expectations regarding pricing, sales volumes, revenue, corporate and other expenses, depreciation, depletion and amortization, interest expense, tax rates, capital expenditures, operating expenses, and Adjusted EBITDA. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. We use words such as "may," "would," "could," "should," "will," "likely," "expect," "anticipate," "believe," "intend," "plan," "forecast," "outlook," "project," "estimate" and similar expressions suggesting future outcomes or events to identify forward-looking statements or forward-looking information. These statements are based on the company’s current expectations and involve risks and uncertainties that could cause the company’s actual results to differ materially. The differences could be caused by a number of factors, including without limitation (i) weather conditions, (ii) inflation, the cost and availability of transportation for the distribution of the company’s products and foreign exchange rates, (iii) pressure on prices and impact from competitive products, and (iv) any inability by the company to successfully implement its strategic priorities or its cost-saving or enterprise optimization initiatives. For further information on these and other risks and uncertainties that may affect the company’s business, see the "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" sections of the company’s Annual Report on Form 10-K for the period ended Sept. 30, 2025, its Quarterly Reports on Form 10-Q for the quarters ended Dec. 31, 2024, and March 31, 2025, and June 30, 2025 filed or to be filed with the SEC, as well as the company's other SEC filings. The company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments, except as required by law. Because it is not possible to predict or identify all such factors, this list cannot be considered a complete set of all potential risks or uncertainties.

Non-GAAP Measures

In addition to using U.S. generally accepted accounting principles ("GAAP") financial measures, management uses a variety of non-GAAP financial measures described below to evaluate the company’s and its operating segments’ performance. While the consolidated financial statements provide an understanding of the company’s overall results of operations, financial condition and cash flows, management analyzes components of the consolidated financial statements to identify certain trends and evaluate specific performance areas.

Management uses EBITDA, EBITDA adjusted for items which management believes are not indicative of the company’s ongoing operating performance ("Adjusted EBITDA") and EBITDA margin to evaluate the operating performance of the company’s core business operations because its resource allocation, financing methods and cost of capital, and income tax positions are managed at a corporate level, apart from the activities of the operating segments, and the operating facilities are located in different taxing jurisdictions, which can cause considerable variation in net income. Management also uses adjusted operating income, adjusted operating margin, adjusted net income, and adjusted net income(loss) per diluted share, which eliminate the impact of certain items that management does not consider indicative of underlying operating performance. The presentation of these measures should not be construed as an inference that future results will be unaffected by unusual or non-recurring items. Management believes these non-GAAP financial measures provide management and investors with additional information that is helpful when evaluating underlying performance. EBITDA and Adjusted EBITDA exclude interest expense, income taxes and depreciation, depletion and amortization, each of which are an essential element of the company’s cost structure and cannot be eliminated. In addition, Adjusted EBITDA and Adjusted EBITDA margin exclude certain cash and non-cash items, including stock-based compensation and impairment charges and certain restructuring charges. Consequently, any measure that excludes these elements has material limitations. The non-GAAP financial measures used by management should not be considered in isolation or as a substitute for net income, operating income, cash flows or other financial data prepared in accordance with GAAP or as a measure of overall profitability or liquidity. These measures are not necessarily comparable to similarly titled measures of other companies due to potential inconsistencies in the method of calculation. The calculation of non-GAAP financial measures as used by management is set forth in the following tables. All margin numbers are defined as the relevant measure divided by sales. The company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, as the company is unable to estimate significant non-recurring, unusual items, and/or distinct non-core initiatives without unreasonable effort. The amounts and timing of these items are uncertain and could be material to the company’s results.

Adjusted operating income, adjusted operating income margin, adjusted net (loss) income, and adjusted net (loss) income per diluted share are presented as supplemental measures of the company’s performance. Management believes these measures provide management and investors with additional information that is helpful when evaluating underlying performance and comparing results on a year-over-year normalized basis. These measures eliminate the impact of certain items that management does not consider indicative of underlying operating performance. These adjustments are itemized below. Adjusted net (loss) income per diluted share is adjusted net (loss) income divided by weighted average diluted shares outstanding. You are encouraged to evaluate the adjustments itemized above and the reasons management considers them appropriate for supplemental analysis. In evaluating these measures you should be aware that in the future the company may incur expenses that are the same as or similar to some of the adjustments presented below.

Items Impacting Comparability

Comparability of reported results for Compass Minerals was impacted by the performance of Fortress, the company's fire retardant business. It was announced in March 2025 that Compass Minerals was exiting this business. Non-cash gains related to the decline in value of the contingent consideration liability associated with the acquisition of Fortress were $7.9 million and $22.1 million, respectively, in 2025 and 2024.

The company's presentation of adjusted EBITDA adjusts for loss on impairments; changes in the valuation of the contingent consideration liability are not adjusted out of reported adjusted EBITDA consistent with accounting guidance. Given the significance of the adjustment to the reported periods and for ease of comparability, the following table is provided to present the impact to adjusted EBITDA for changes in the valuation of the contingent consideration liability. As the fair value of this liability is zero as of Sept. 30, 2025, the following reconciliation is not expected in future reporting periods.

(in millions, except per share data)

 

Twelve Months Ended Sept. 30,

 

 

2025

 

 

 

2024

 

Adjusted EBITDA, as reported*

 

$

198.8

 

 

$

206.3

 

Impact of change in Fortress contingent consideration liability

 

 

(7.9

)

 

 

(22.1

)

Adjusted EBITDA, as modified

 

$

190.9

 

 

$

184.2

 

*Non-GAAP financial measure. Reconciliations to the most directly comparable GAAP financial measure are provided in tables at the end of this press release.

Special Items Impacting the Three Months Ended Sept. 30, 2024

(unaudited, in millions, except per share data)

Item Description

 

Segment

 

Line Item

 

Amount

 

Tax Effect(1)

 

After Tax

 

EPS Impact

Restructuring charges(2)

 

Corporate and Other

 

Other operating expense

 

$

(1.4

)

 

$

 

 

$

(1.4

)

 

$

(0.04

)

Impairments

 

Plant Nutrition

 

Loss on impairments

 

 

17.6

 

 

 

 

 

 

17.6

 

 

 

0.43

 

Product recall costs

 

Salt

 

Other operating expense

 

 

0.8

 

 

 

(0.2

)

 

 

0.6

 

 

 

0.01

 

Total

 

 

 

 

 

$

17.0

 

 

$

(0.2

)

 

$

16.8

 

 

$

0.40

 

Special Items Impacting the Fiscal Year Ended Sept. 30, 2025

(unaudited, in millions, except per share data)

Item Description

 

Segment

 

Line Item

 

Amount

 

Tax Effect(1)

 

After Tax

 

EPS Impact

Restructuring charges(2)

 

Corporate and Other

 

Other operating expense

 

$

4.0

 

$

 

 

$

4.0

 

$

0.09

Restructuring charges(2)

 

Salt

 

Other operating expense

 

 

0.3

 

 

 

 

 

0.3

 

 

0.01

Impairments

 

Corporate and Other

 

Loss on impairments

 

 

53.7

 

 

 

 

 

53.7

 

 

1.30

Product recall costs

 

Salt

 

Other operating expense

 

 

2.1

 

 

(0.4

)

 

 

1.7

 

 

0.03

Total

 

 

 

 

 

$

60.1

 

$

(0.4

)

 

$

59.7

 

$

1.43

Special Items Impacting the Fiscal Year Ended Sept. 30, 2024

(unaudited, in millions, except per share data)

Item Description

 

Segment

 

Line Item

 

Amount

 

Tax Effect(1)

 

After Tax

 

EPS Impact

Restructuring charges(2)

 

Corporate and Other

 

Other operating expense

 

$

14.8

 

$

 

 

$

14.8

 

$

0.36

Restructuring charges(2)

 

Salt

 

Other operating expense

 

 

0.4

 

 

 

 

 

0.4

 

 

0.01

Restructuring charges(2)

 

Plant Nutrition

 

Other operating expense

 

 

0.6

 

 

 

 

 

0.6

 

 

0.01

Impairments

 

Corporate and Other

 

COGS and Loss on impairments

 

 

124.8

 

 

 

 

 

124.8

 

 

3.02

Impairments

 

Plant Nutrition

 

Loss on impairments

 

 

68.6

 

 

 

 

 

68.6

 

 

1.66

Product recall costs

 

Salt

 

Other operating expense

 

 

0.8

 

 

(0.2

)

 

 

0.6

 

 

0.01

Total

 

 

 

 

 

$

210.0

 

$

(0.2

)

 

$

209.8

 

$

5.07

(1)

There were no substantial income tax benefits related to these items given the U.S. valuation allowances on deferred tax assets The product recall costs reflects an impact from Canadian taxes.

(2)

Restructuring charges do not include certain reductions in stock-based compensation associated with forfeitures stemming from the restructuring activities. Amounts in the quarter ended Sept. 30, 2024, reflect the reversal of certain previously recognized costs related to the terminated lithium program after outstanding purchase commitments were finalized.

Reconciliation for Adjusted Operating (Loss) Income

(unaudited, in millions)

 

Three months ended

Sept. 30,

 

Twelve months ended

Sept. 30,

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

Operating income (loss)

$

12.0

 

 

$

(29.8

)

 

$

25.3

 

 

$

(116.8

)

Restructuring charges(1)

 

 

 

 

(1.4

)

 

 

4.3

 

 

 

15.8

 

Total impairment loss(2)

 

 

 

 

17.6

 

 

 

53.7

 

 

 

193.4

 

Product recall costs(3)

 

 

 

 

0.8

 

 

 

2.1

 

 

 

0.8

 

Adjusted operating income (loss)

$

12.0

 

 

$

(12.8

)

 

$

85.4

 

 

$

93.2

 

Sales

 

227.5

 

 

 

208.8

 

 

 

1,243.9

 

 

 

1,117.4

 

Operating margin

 

5.3

%

 

 

(14.3

)%

 

 

2.0

%

 

 

(10.5

)%

Adjusted operating margin

 

5.3

%

 

 

(6.1

)%

 

 

6.9

%

 

 

8.3

%

(1)

During the fiscal year ended Sept. 30, 2025, the company incurred severance and related charges due to a reduction in workforce. During the fiscal year ended Sept. 30, 2024, the company incurred severance and related charges related to reductions in workforce, changes to executive leadership and additional restructuring costs related to the termination of our lithium development project.

(2)

The company recorded impairment loss of $53.0 million for intangible assets and $0.7 million related to Fortress long-lived assets, during the 12 months ended Sept. 30, 2025. The company recognized impairments of long-lived assets of $74.8 million related to the termination of the lithium development project; goodwill of $32.0 million, long-lived assets of $15.6 million and inventory of $2.4 million related to Fortress; goodwill of $51.0 million related to Plant Nutrition; and water rights of $17.6 million for the fiscal year ended Sept. 30, 2024. Impairments of long-lived assets, intangible assets, and goodwill are included in loss on impairments, while the impairment of inventory is included in product cost, both on the Consolidated Statements of Operations.

(3)

The company recorded product recall costs related to a recall for food-grade salt produced at its Goderich Plant.

Reconciliation for Adjusted Net (Loss) Income

(unaudited, in millions)

 

Three months ended

Sept. 30,

 

Twelve months ended

Sept. 30,

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

Net loss

$

(7.2

)

 

$

(48.3

)

 

$

(79.8

)

 

$

(206.1

)

Restructuring charges(1)

 

 

 

 

(1.4

)

 

 

4.3

 

 

 

15.8

 

Total impairment loss(2)

 

 

 

 

17.6

 

 

 

53.7

 

 

 

193.4

 

Product recall costs(3)

 

 

 

 

0.8

 

 

 

2.1

 

 

 

0.8

 

Income tax effect

 

 

 

 

(0.2

)

 

 

(0.4

)

 

 

(0.2

)

Adjusted net (loss) income

$

(7.2

)

 

$

(31.5

)

 

$

(20.1

)

 

$

3.7

 

 

 

 

 

 

 

 

 

Diluted net loss per common share

$

(0.17

)

 

$

(1.17

)

 

$

(1.91

)

 

$

(4.99

)

Adjusted net (loss) income per diluted share

$

(0.17

)

 

$

(0.77

)

 

$

(0.48

)

PERTH, Australia, December 05, 2025–(BUSINESS WIRE)–Australia’s first Cat® 793 XE Early Learner battery-electric haul trucks have arrived at BHP’s Jimblebar iron ore mine in the Pilbara, marking the start of on-site testing, in collaboration with Rio Tinto, of Caterpillar’s battery-electric heavy haulage technology in the region that powers the nation’s economy.

The two Early Learner trucks, delivered through an industry-first collaboration between BHP, Rio Tinto and Caterpillar represent a major step toward a more sustainable future in mining, designed to deliver zero exhaust emissions while maintaining productivity and performance.

Once safely commissioned, the trials will begin to test the viability of battery-electric technology as an alternative to diesel usage in large-scale iron ore mining operations. The trials will help inform the development of technology, processes, infrastructure and people required to support lower greenhouse gas emissions machines and mine sites of the future.

Decarbonisation of Pilbara iron ore operations will rely on technology advancements and breakthroughs in research and development, which is why BHP and Rio Tinto are working closely with Caterpillar, supported by WesTrac, to accelerate development and transition their fleets as soon as commercially and operationally viable.

Following the joint trial, BHP and Rio Tinto will independently determine progress towards scaled trials within their respective operational environments.

BHP Western Australia Iron Ore Asset President Tim Day said: "Powering up our first battery-electric haul trucks in the Pilbara is an important step forward on the mining industry’s road to decarbonisation.

"Replacing diesel isn’t just about changing energy sources, it’s about reimagining how we operate and creating the technologies, infrastructure and supply chains to transform mining operations. These trials will help us understand how all the pieces of the puzzle fit together: the battery technologies, generation and charging infrastructure, power management, as well as the supply chains to potentially deliver this at scale.

"A significant shift like this demands a strong commitment to research and development, coupled with collaboration across the industry. This is going to take time to get right, which is why trials like this one with Rio Tinto and Caterpillar are so critical.

"These trials are a critical part of this work as we bring the testing to the reality of the Pilbara. We're excited about what we’ll learn about how best to deliver the breakthroughs required to accelerate this transition."

Rio Tinto Iron Ore Pilbara Mines Managing Director Andrew Wilson said: "Decarbonising Rio Tinto’s fleet across our 18 Pilbara mines is a significant challenge. By exploring solutions like this to reduce emissions, we hope that, over time, we will be able to move away from diesel.

"No single company can achieve zero emissions haulage on its own. It takes the whole industry working together. That’s why we’re working with BHP and Caterpillar to develop new solutions that will reduce emissions in mining and help us reach our net zero commitments.

"Through this industry-first collaboration to test Cat 793 XE Early Learner battery-electric haul trucks in Pilbara conditions, we hope to meet our shared goals as quickly and efficiently as we can."

Caterpillar Inc. Resource Industries Sales Services and Technology Senior Vice President Marc Cameron said: "The arrival of the Early Learner trucks in the Pilbara marks a significant milestone in the journey toward a more sustainable future.

"By working side by side with our customers, we’re delivering solutions to help them solve their toughest challenges while learning together each step of the way. This collaboration is key to accelerating innovation and shaping the next generation of mining technology, and we’re excited to be on this journey together with our Early Learner customers."

Ongoing testing and development throughout this trial will enable learning toward future deployment. This will inform the approach for testing a larger number of haul trucks and the potential integration of battery-electric haul truck fleets into each company’s operations.

The collaboration reflects the shared ambitions of BHP, Rio Tinto and Caterpillar to support BHP’s and Rio Tinto’s respective net zero operational greenhouse gas emissions goals by 2050.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251204183951/en/

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, United Kingdom Matthew Klar M +44 7796 630 637David Outhwaite M +44 7787 597 493

Media Relations, Australia Matt Chambers M +61 433 525 739Alyesha AndersonM +61 434 868 118Rachel Pupazzoni M +61 438 875 469Bruce Tobin M +61 419 103 454

Media Relations, Canada Simon Letendre M +1 514 796 4973Malika Cherry M +1 418 592 7293Vanessa Damha M +1 514 715 2152

Media Relations, US & Latin America Jesse Riseborough M +1 202 394 9480

Investor Relations, United Kingdom Rachel ArellanoM +44 7584 609 644David Ovington M +44 7920 010 978Laura Brooks M +44 7826 942 797Weiwei Hu M +44 7825 907 230

Investor Relations, Australia Tom Gallop M +61 439 353 948Eddie Gan-OchM +976 95 091 237

Rio Tinto plc 6 St James’s SquareLondon SW1Y 4ADUnited KingdomT +44 20 7781 2000Registered in EnglandNo. 719885

Rio Tinto Limited Level 43, 120 Collins StreetMelbourne 3000AustraliaT +61 3 9283 3333Registered in AustraliaABN 96 004 458 404

riotinto.com

Category: Pilbara

SINGAPORE, December 03, 2025–(BUSINESS WIRE)–Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has announced that its Global Occupier Services (GOS) team has secured an off-market contract extension with BHP, one of the world’s leading resources companies. The renewed agreement reaffirms Cushman & Wakefield’s position as a trusted partner in delivering an integrated suite of workplace and real estate services across BHP’s global corporate office portfolio.

The partnership spans 12 countries, 19 offices and over 1,466,000 square feet across Australia, Asia, North America, South America and the United Kingdom. Under the extended agreement, Cushman & Wakefield will provide an expanded range of services, including:

  • Facilities Management
  • Workplace Experience
  • Workplace Change & Engagement
  • Workplace Design Standards
  • PMO / Occupancy Data & Analytics
  • Procurement
  • Lease Administration and Minor Transaction Management

"BHP made the decision to exercise its option to extend our agreement. We very much appreciate the trust and commitment this demonstrates in our expanding partnership," said Cameron Ahrens, Head of Global Occupier Services, Asia Pacific at Cushman & Wakefield.

The partnership began in 2017 as a regional contract for Australia and Asia and expanded to a global engagement in 2021.

BHP cited Cushman & Wakefield’s strong operational performance, collaborative approach and mutual commitment to cost containment and innovation – particularly in supporting BHP’s Workplace Digital and AI Roadmap – as key factors in the renewal decision.

The continued partnership reinforces both organizations’ commitment to delivering high-performance workplaces that support people, productivity and sustainability across BHP’s global footprint.

Learn more about Cushman & Wakefield’s Global Occupier Services.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.

Contacts

Media Contact:Foo Chek Yee Head of Public Relations, APAC+65 6317 8353chekyee.foo@cushwake.com

Analysts have recently revised their outlook on BHP Group, with the fair value estimate increasing from A$44.73 to A$45.21. This change reflects shifting expectations for the stock, as revenue growth forecasts are now slightly positive. Stay tuned to discover how investors can stay informed as the BHP Group narrative continues to evolve in response to these developments.

Stay updated as the Fair Value for BHP Group shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on BHP Group.

What Wall Street Has Been Saying

Analyst coverage on BHP Group has focused on recent adjustments to price targets and an overall neutral stance, reflecting a mix of optimism and caution in the market's view of the company. Here is a summary of the major viewpoints from the Street:

🐂 Bullish Takeaways

  • JPMorgan analyst Dominic O'Kane recently raised the firm's price target on BHP Group to 2,200 GBp from 2,160 GBp, maintaining a Neutral rating. This increase highlights some confidence in BHP's underlying fundamentals and an acknowledgement of successful execution despite a challenging market backdrop.

  • The bump in the price target reflects a recognition of BHP’s quality of operations and its ability to deliver consistent performance. This has been a key driver praised by analysts when sentiment leans positive.

🐻 Bearish Takeaways

  • JPMorgan, again through Dominic O'Kane, subsequently lowered the price target back down to 2,100 GBp from 2,200 GBp while retaining a Neutral rating. This action underscores ongoing reservations about BHP’s near-term upside potential, valuation, and macroeconomic uncertainty weighing on the sector.

  • The absence of any firm upgrades to an outright Buy or Overweight rating signals a degree of caution on Wall Street. Analysts appear to be waiting for clearer signs of growth momentum or positive catalysts before turning more constructive on the stock.

Overall, while analysts acknowledge BHP Group's operational strengths, recent revisions and cautious ratings indicate that further improvements in execution or external conditions may be required for more decisive positive sentiment around the stock’s valuation and future growth prospects.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

ASX:BHP Community Fair Values as at Dec 2025What's in the News

  • Anglo American has rejected BHP's most recent takeover offer. The company emphasized that the bid was not preferable to its existing plan for a merger with Teck Resources. This continues a period of high-stakes negotiations and uncertainty surrounding BHP’s acquisition ambitions.

  • The High Court in London has ruled that BHP is legally liable for the 2015 Mariana dam disaster. The court found the company strictly responsible for both environmental damage and third-party claims. This decision could have significant financial and reputational implications for BHP in the long term.

  • The U.S. Department of the Interior has added copper, silver, and metallurgical coal, three of BHP's primary business lines, to its list of critical minerals. This policy shift may influence future U.S. trade regulations and could strengthen BHP’s strategic position globally.

  • BHP is considering reopening closed mines in the historic copper belt of Arizona. The company is encouraged by recent policy changes that boost the prospects for new exploration and production in the United States.

How This Changes the Fair Value For BHP Group

  • The Fair Value Estimate has risen slightly, increasing from A$44.73 to A$45.21.

  • The Discount Rate edged upward, moving from 7.95% to approximately 8.01%.

  • Revenue Growth expectations have shifted from a slight contraction (−0.11%) to a modest projected increase (0.03%).

  • The Net Profit Margin declined marginally, from 21.90% to 21.63%.

  • The Future P/E Ratio ticked higher, rising from 16.71x to 17.10x.

🔔 Never Miss an Update: Follow The Narrative

Narratives are a smarter way to invest, combining your story behind the numbers with real financial forecasts and fair value estimates. On Simply Wall St’s Community page, you can create, follow, or debate Narratives, making it easy for anyone to link company events to financial outcomes and spot buy or sell opportunities. Narratives update dynamically as the news changes, so you stay ahead of market moves.

Check out the original BHP Group Narrative to see what's shaping the outlook and why investors are watching closely:

  • Discover how BHP’s growth is fueled by demand for critical minerals, decarbonization, and infrastructure in Asia and India.

  • Understand the company’s focus on resilient earnings, capital discipline, and premium market positioning despite sector volatility.

  • Keep track of key risks, including project execution, regulatory pressures, and global ESG shifts that could alter the investment story.

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 BHP.AX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Deutsche Bank in a note date September 3, 2205, noted Teck Resources (TECK-A.TO and TECK-B.TO, NYSE:

SINGAPORE, Sept. 4, 2025 /PRNewswire/ — RightShip (the "Company"), a leading maritime digital platform for safety, sustainability, and supply chain due diligence, today announced a new minority investor to accelerate the Company's technology-led growth and mission of zero harm. Funds advised by Permira, the global investment firm, have agreed to acquire a strategic minority stake in the Company. The new investment will continue to see founding shareholders BHP, Cargill and Rio Tinto each retaining their equal stakes.

Steen Lund, Chief Executive Officer of RightShip, said: "This investment is a strong endorsement of our strategy and impact. With Permira's global scale and expertise in technology and M&A and the continued support of our founding shareholders, we will accelerate investment in our products, data, AI, and people to grow RightShip's relevance and reach – enhancing our mission of zero harm to people and the planet."

Daniel Tan, Partner at Permira, commented: "RightShip plays a critical role in improving safety and transparency in the maritime industry. The Company's services and data offerings come together on its AI-powered platform to bring deeper insights, better decision making, and workflow automation to key stakeholders. Innovation thrives at RightShip – as product-first growth investors, we are delighted to partner with management and existing shareholders on this exciting journey."

Representatives of BHP, Cargill and Rio Tinto said in a joint statement: "As founding shareholders, we are pleased to welcome Permira and reaffirm our long-term commitment to RightShip. The combination of fresh capital and complementary capabilities, with Permira as part of the shareholder group, positions RightShip to deliver even greater safety, sustainability, and efficiency solutions for the maritime ecosystem."

Rothschild & Co acted on behalf of RightShip and its shareholders as financial advisor. The transaction is subject to customary regulatory approvals to be obtained in coming months.

About RightShip

Established in 2001, RightShip is a leading global ESG-focused digital maritime platform, providing expertise in global safety, sustainability and social responsibility practices. Founded with the mission to drive operational improvements in the global shipping industry, more than 850 customers use RightShip's due diligence, environmental and inspections services to help them manage risk and improve overall maritime safety standards.

About Permira

Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds across two core asset classes, private equity and credit, with total committed capital of approximately €80bn. The Permira private equity funds make both long-term majority (Buyout) and minority (Growth Equity) investments in four key sectors: Technology, Consumer, Healthcare and Services.

Permira's Growth Equity strategy makes strategic investments in high-growth, category-leading companies. Recent investments from the strategy include K-Way, Versaterm, Engine, Housecall Pro, BioCatch, AltamarCAM and Tract.

Permira employs over 500 people in 17 offices across Europe, the United States and Asia. For more information, visit www.permira.com.

About BHP, Cargill and Rio Tinto

BHP, Cargill and Rio Tinto are global leaders in natural resources and supply chains. As RightShip's founding shareholders, they continue to support the company's mission of zero harm and long-term value creation for the maritime sector.

 

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/rightship-welcomes-permira-as-minority-shareholder-to-accelerate-technology-and-ai-led-growth-302546053.html

SOURCE RightShip

(Reuters) -Global miner Anglo American on Thursday said it has raised about $2.5 billion from the sale of its remaining 19.9% stake in Valterra Platinum, its former subsidiary.

Anglo has been selling or spinning off non-core assets to focus on copper and iron ore, since BHP's failed takeover attempt last year.

(Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala)

BHP Group has successfully priced a US$1.5 billion bond offer in the U.S. market, with proceeds designated for general corporate purposes. Over the last quarter, BHP’s stock price increased by nearly 10%, a move consistent with broader market trends where indices like the Dow Jones and S&P 500 also saw gains. BHP’s announcements of higher net income and earnings per share, alongside its bond offering, likely contributed to sustaining investor confidence during the quarter. Meanwhile, broader market trends, which have shown optimism due to expectations of potential interest rate cuts, provided additional support for overall stock performance.

We’ve discovered 2 possible red flags for BHP Group that you should be aware of before investing here.

ASX:BHP Revenue & Expenses Breakdown as at Sep 2025

We’ve found 18 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

The recent successful issuance of BHP Group’s US$1.5 billion bond is set to enhance the company’s liquidity and financial flexibility, potentially supporting further expansion plans, notably in copper and potash. Analysts remain vigilant about the company’s earnings outlook, especially given the significant financial obligations stemming from the Samarco dam failure. However, with operational excellence and cost discipline, BHP continues to maintain robust margins, providing a buffer against these pressures.

Over a five-year period, BHP’s total shareholder return, including dividends, reached 80.90%, indicating strong long-term performance. However, over the past year, BHP’s stock underperformed the broader Australian market, which returned 10%. Similarly, against the Australian Metals and Mining industry, which returned 22.4%, BHP’s performance fell short. This discrepancy highlights potential challenges in the company’s near-term growth trajectory.

The recent announcements, including the bond offer, could indirectly influence revenue and earnings forecasts by providing the capital required for new ventures. This capital injection could support potential growth in BHP’s diversified portfolio, particularly as it expands into potash production. Given a current share price of A$41.98, close to the analyst consensus price target of A$42.94, BHP’s stock appears fairly priced, reflecting a balance of opportunities and challenges. Investors may want to monitor how these initiatives develop and their influences on financial outcomes and market valuation.

Explore historical data to track BHP Group’s performance over time in our past results report.

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 ASX:BHP.

This article was originally published by Simply Wall St.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Hudbay Minerals Inc.

TORONTO, Sept. 03, 2025 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) is pleased to announce the appointment of Laura Tyler to the Company’s Board of Directors (the “Board”).

“We are delighted that Laura will be joining Hudbay’s Board. Laura’s extensive experience in the mining industry, deep technical knowledge and operational leadership experience make her an excellent addition to our Board. I am confident that she will greatly contribute to the Board’s effectiveness as we oversee the next stage of Hudbay’s growth and development,” said David Smith, Hudbay’s Chair of the Board.

Ms. Tyler has over 30 years of extensive experience with world-class global mining companies, including a 20-year career at BHP in progressively more senior leadership roles and ultimately serving as Chief Technical Officer where she oversaw the integration of the technology function with exploration, innovation, value engineering and BHP’s Centres of Excellence. She recently served as the interim Chief Executive Officer and Managing Director of Adriatic Metals PLC before assuming the full time Chief Executive Officer role prior to the company’s sale to Dundee Precious Metals Inc. Her prior experience included various technical and operational roles at Newcrest Mining, Western Mining Corporation and Mount Isa Mines. Ms. Tyler has a Mining Engineering degree from the Camborne School of Mines and a Geology degree from the University of Wales.

About Hudbay

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States.

Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum. Hudbay’s growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations.

The value Hudbay creates and the impact it has is embodied in its purpose statement: “We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities.” Hudbay’s mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations.

For further information, please contact:

Candace BrûléVice President, Investor Relations, Financial Analysis and External Communications(416) 814-4387investor.relations@hudbay.com

LONDON (Reuters) -Global miner Anglo American is selling off its remaining stake in Valterra Platinum, worth around $2.4 billion, it said on Wednesday, marking its full exit from its former subsidiary.

The company has launched an accelerated bookbuild offering to sell about 52.2 million shares in the company, it said.

The demerger of Valterra, formerly known as Anglo American Platinum, became effective in May, leaving just 19.9% of it in Anglo's portfolio.

London-listed Anglo has been selling or spinning off non-core assets since bigger rival BHP's failed takeover attempt last year, to focus on copper and iron ore.

The restructuring process has however been set back by the aborted sale of its steelmaking coal assets in August, for which Anglo is confident that an alternative buyer will be found through a new sales process.

Anglo on Wednesday said the placing will "raise further cash proceeds".

(Reporting by Clara Denina, Aatrayee Chatterjee; Editing by Shailesh Kuber and Jan Harvey)

By Divya Rajagopal and Sumit Saha

(Reuters) -Canadian miner Teck Resources announced on Wednesday that it has undertaken a company-wide operations review and would defer approving major growth projects until its Quebrada Blanca (QB) copper mine in Chile achieves steady operations and target output.

The company also said in a statement that it has appointed Daniel Malchuk, former senior operations executive at BHP as a special advisor to CEO Jonathan Price to assist with QB's tailings management and drive operational performance.

The company's shares rose 3.7% on the Toronto Stock Exchange.

Teck said that it began the review process in August to improve performance across the company and is expected to conclude by October, with an updated forecast by its third-quarter results. In a separate email, Teck told Reuters that the company will continue with the Highland Valley Mine extension project in Canada, and the construction is proceeding as announced.

QB is Teck's flagship mine, but a tailings issue that relates to the disposal of mine waste has dragged down the company's shares after it missed production guidance.

RBC Capital Markets said in an analyst note that the tailings issue could linger into 2026 and drag down production.

"We expect a negative reaction to Teck's operations review and management changes, as while these changes could ultimately lead to better operational performance, they create uncertainty until the October guidance update", RBC Capital Markets analysts wrote.

The QB mine, located in Chile's northern Tarapaca Region, is 60% indirectly owned by Teck.

The review from Teck comes just a year after the company closed the sale of its steel-making coal business to Swiss miner Glencore, after the company rejected the offer to sell its entire operations.

(Reporting by Sumit Saha in Bengaluru; Editing by Vijay Kishore)

OVERLAND PARK, Kan., September 02, 2025–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, has selected Amy Tills as its chief human resources officer (CHRO). She is expected to start on Sept. 15 and will be responsible for leading the company’s global human resources team and driving its people strategy. In this role, she will focus on building an inclusive, high-performing culture that helps enable the company’s pursuit of operational excellence.

"Amy’s experience guiding transformative work for organizations, along with her passion for positive employee engagement, makes her a great fit for our company," said Edward C. Dowling Jr., president and CEO. "Amy is dedicated to collaborating across our organization as we focus on continuous improvement in all facets of our business."

Prior to joining Compass Minerals, Tills developed a background in transforming organizational cultures and brings more than 20 years of experience in human resources leadership and labor relations from various industries and global operations. Most recently, she served as global vice president of human resources at Fluke Corporation. Previously, she was vice president of human resources, global cooling, at SPX Corporation. Additionally, she gained experience from manufacturing companies, including Honeywell, Amcor Ltd., and Goodyear Tire and Rubber Company.

Tills holds a Bachelor of Science degree in both psychology and sociology from the University of Wisconsin-Madison. She also earned a Master of Arts in human resources and industrial relations from the University of Minnesota’s Carlson School of Management.

About Compass Minerals

Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 12 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250902929757/en/

Contacts

Media Contact Kevin GabrielSenior Director, Corporate Affairs+1.913.344.9265MediaRelations@compassminerals.com

Investor Contact Brent CollinsVice President, Treasurer & Investor Relations+1.913.344.9111InvestorRelations@compassminerals.com

Freeport-McMoRan Inc. FCX remains focused on strong execution and advancing its organic growth opportunities. Its expansion projects aim to boost production capacity, backed by a strong financial health.FCX is evaluating a large-scale expansion at El Abra in Chile to define a large sulfide resource that could potentially support a major mill project similar to the large-scale concentrator at Cerro Verde. Freeport is also conducting pre-feasibility studies (expected to be completed in 2026) in the Safford/Lone Star operations in Arizona to define a significant sulfide expansion opportunity. It also has expansion opportunities at Bagdad in Arizona to more than double the concentrator capacity of the operation. Also, PT Freeport Indonesia (PT-FI) substantially completed the construction of the new greenfield smelter in Eastern Java during 2024, with the start-up commencing in the second quarter of 2025. The first production of copper anode was achieved in July 2025. PT-FI is also developing the Kucing Liar ore body within the Grasberg district with a targeted commencement of production by 2030. Gold production also commenced at the new precious metals refinery in late 2024. Plans are in place to transition PT-FI’s existing energy source from coal to natural gas, which is expected to reduce greenhouse gas emissions at Grasberg significantly. FCX’s organic growth pipeline, designed to expand capacity and output, positions itself well to benefit from future demand growth. Effective execution of these projects will strengthen its ability to drive shareholder value.Among FCX’s peers, Southern Copper Corporation SCCO has a strong pipeline of world-class copper greenfield projects and various other promising opportunities. Southern Copper’s capital investment program for this decade is more than $15 billion. This includes investments in El Pilar and El Arco projects in Mexico and the Tia Maria, Los Chancas and Michiquillay projects in Peru. Southern Copper continues to build its presence in Peru as the country is the second-largest producer of copper. BHP Group Limited BHP continues to strengthen its portfolio to focus on commodities, including copper. In Chile, BHP has several key projects, which can grow copper production to average roughly 1.4 million tons per annum (Mtpa) through the 2030s. BHP is investing in its 100% owned Copper South Australia asset, focusing on all three operations. BHP also has a 45% interest in the Resolution Copper Project in the United States, one of the largest undeveloped copper projects in the world.

The Zacks Rundown for FCX

Shares of Freeport-McMoRan are up 16.5% year to date against the Zacks Mining – Non Ferrous industry’s rise of 5.3%.

Zacks Investment Research

Image Source: Zacks Investment Research

From a valuation standpoint, FCX is currently trading at a forward 12-month earnings multiple of 20.87, a modest 5.9% premium to the industry average of 19.71X. It carries a Value Score of B.

Zacks Investment Research

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for FCX’s 2025 and 2026 earnings implies a year-over-year rise of 18.2% and 34.4%, respectively. The EPS estimates for 2025 and 2026 have been trending higher over the past 60 days.

Zacks Investment Research

Image Source: Zacks Investment Research

FCX stock currently carries a Zacks Rank #3 (Hold). 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

Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – August 29, 2025) – Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to provide an update on its exploration activities across its portfolio of projects, including in partnerships with BHP Billiton (UK) DDS Limited ("BHP") and Japan Organization for Metals and Energy Security ("JOGMEC"), and the filing of its the condensed interim consolidated Financial Statements and Management's Discussion and Analysis (MD&A) for the three-month and six-month periods ended June 30, 2025, and 2024, on SEDAR+.

Q2-2025 Highlights and H2-2025 Outlook

  • Partnered Programs with BHP in Serbia: Drill testing was completed in July at a new target in the Borsko Project. A priority for H2-2025 is the execution of a drill program at the Trstenik Project, pending final permits.

  • Advancement of Discussions for the Company's Portfolio in Timok: The Company entered into a Letter of Intent (LOI) with a third party for an exclusivity period through September 2025 related to seven of the Company's 100%-owned exploration licenses in Timok region of Serbia.

  • Advancement of USA Portfolio: Executed a property agreement at the Copperopolis Project in Arizona and completed a geochemical program with results expected in Q3-2025. The partner-seeking process continues for the drill-ready Dos Cabezas Project.

BHP-Mundoro Projects, Serbia

Exploration continued across the five licenses that are part of the earn-in agreement with BHP.

Borsko Project

  • Q2-2025 Exploration Activities:

  • Geophysics: A 3D inversion model from the ground Audio-Magnetotelluric (AMT) survey was received.

  • Geochemistry: Green Rock analysis was completed at the end of the quarter.

  • Drilling: Drill testing was initiated near the end of the quarter at a new target area in the northwest portion of the license.

  • H2-2025 Exploration Plans:

  • Drilling & Analysis: The drill program at the northwest target was completed in July and will be followed by analysis of the results.

  • Data Integration: The ground AMT geophysical model will be integrated and analyzed in Q3-2025 to refine drill targets. Resampling of approximately 63% of historical drillhole pulps will be undertaken to consolidate geochemical data.

  • Geochronology: A molybdenite sample will be analyzed to estimate the timing of mineralization.

Trstenik and Crvena Zemlja Projects

  • Q2-2025 Exploration Activities:

  • Field Work: Mapping was conducted in the central target area, focusing on areas with elevated magnetic geophysical data.

  • Modeling: Analysis of geophysical, geochemical, and spectral drilling data was performed to outline an optimal drilling target for a future campaign in the southern targets area.

  • H2-2025 Exploration Plans:

  • Drilling: Execution of the drill program in the north-central target area is a key priority for H2-2025, pending the receipt of the final permits.

  • Modeling & Geochronology: 3D modeling of the southern targets is planned for 2025 to enhance understanding of the mineralized system. Molybdenite samples will be analyzed to determine the age of mineralization.

Southern Timok Properties (Vitanovac, Ponor, Lipovica, Orlovac)

  • Q2-2025 Exploration Activities:

  • Geological Interpretations: Geological cross-sections were built across all four license areas to compare with available geophysical information.

  • Lipovica: A ground AMT infill survey was completed, and reconnaissance field mapping is ongoing.

  • Orlovac: A ground gravity survey was completed, with reconnaissance field mapping ongoing.

  • H2-2025 Exploration Plans:

  • Modeling: A comprehensive interpretation and modeling of all geophysical surveys for each of the four properties is scheduled for completion in H2-2025 to generate refined exploration targets.

  • Geochronology: Age-dating of zircon and andesite samples will be conducted for the Vitanovac, Ponor, and Orlovac properties.

JOGMEC-Mundoro EE1 Copper Project, Bulgaria

  • Q2-2025 Project Update:

  • Permitting Delay: In Q2-2025, a higher court in Bulgaria granted an appeal filed by an objecting party against the positive Appropriate Assessment decision for the project's drill program. The case has been sent back to a lower court for further review, which will extend the permitting process and delay the planned drill program.

  • H2-2025 Exploration Plans:

  • Drilling: The planned drilling program, designed to test high-priority sediment-hosted copper targets, remains contingent on the final resolution of the permitting process and receipt of all government approvals.

Mundoro Projects – Available for Joint Venture

Mundoro continues to advance its 100%-owned projects and engage in discussions with potential partners.

Serbian Portfolio

  • Q2-2025 Corporate Update:

  • In May 2025, the Company entered into a Letter of Intent with a third party, granting an exclusivity period through September 2025. The Company is conducting due diligence with the goal of completing a definitive agreement for seven of its exploration licenses in the Timok Magmatic Complex.

USA Portfolio (Arizona)

  • Dos Cabezas Project:

  • H2-2025 Exploration Plans:

  • Partnering: The Company is actively seeking a partner, with multiple confidentiality agreements executed and a data room open for third-party review.

  • Field Work: Infill mapping and sampling are planned for H2-2025 at the Elma target area.

  • Modeling: The technical team is refining the geological model using data from the Phase 1 drilling to identify vectors toward the inferred porphyry center at the Mescal Canyon-Mineral Park target area.

  • Picacho Project:

  • Q2-2025 Exploration Activities:

  • Geochronology: Age-dating results for key igneous units were received, with one age being consistent with previous work in the district. The project remains available for partnership.

  • Copperopolis Project:

  • Q2-2025 Exploration Activities:

  • Corporate: The Company executed a Property Agreement with a third party, establishing participating interests of 73.09% for Mundoro and 26.91% for the partner. Mundoro is the operator and is responsible for seeking a new funding partner.

  • Geochronology: Results from U-Pb zircon age-dating were received and are consistent with ages from nearby operating porphyry copper mines.

  • Geochemistry: A Bulk Leach Extractable Gold (BLEG) geochemical sampling program was completed.

  • H2-2025 Exploration Plans:

  • Results from the BLEG survey and other geochemical samples are expected in Q3-2025.

Financial Highlights

For complete details of the Company's financial results, please refer to the unaudited condensed interim consolidated financial statements and MD&A for the three-month and six-month periods ended June 30, 2025, and 2024. The Company's filings are available on SEDAR+ at www.sedarplus.ca and on Mundoro's website at www.mundoro.com. All amounts are expressed in Canadian dollars unless otherwise indicated.

  • Cash Position: As of June 30, 2025, the Company held $4.1 million in cash and cash equivalents.

  • Fees Earned: During the six months ended June 30, 2025, the Company's fee income, which includes operator fees, option payments, interest, and miscellaneous income, totaled $860,890 compared to $918,080 for the six months ended June 30, 2024. The decrease of approximately 6% was primarily due to lower management fees received resulting from fewer partner-funded programs.

  • Exploration Expenditures: The exploration expenditures, the majority of which are funded by partners, were lower for the six months ended June 30, 2025 at $3,175,919 compared to $4,343,032 for the six months ended June 30, 2024, primarily due to a decrease in the number of partner-funded exploration work programs. Recoveries from option partners during the six months ended June 30, 2025 and 2024 amounted to $2,629,536 and $3,687,765, resulting in net exploration costs of $546,383 for the period in 2025 and $655,267 for the same period in 2024.

  • Corporate Expenditures: During the six months ended June 30, 2025, the Company recorded overall corporate expenses of $664,295 compared to $579,141 for the six months ended June 30, 2024, an increase of approximately 15%. The increase was primarily driven by higher corporate governance costs from an ongoing internal subsidiaries reorganization.

  • Net Loss: For the six months ended June 30, 2025, the Company recorded a net loss of $539,925 ($0.01 per share), compared to a net loss of $286,337 ($0.00 per share) for the six months ended June 30, 2024, representing an increased loss of $253,588.

Grant under Equity Incentive Plan

The Board of Directors has approved the grant of 200,000 stock options under the Company's Equity Incentive Plan. This grant is to an independent director of the Company. The stock options carry an exercise price of C$0.23 per common share, reflecting the closing price on the TSX Venture Exchange on August 28, 2025. The Stock options are exercisable for a period of five years from the date of grant and shall vest one third after one year from the grant date, one third after two years from the grant date and one third after three years from the grant date.

Qualified Persons

The scientific and technical information described in this MD&A have been prepared in accordance with National Instrument 43-101. The scientific and technical information for Serbia, Bulgaria and the USA exploration programs was reviewed and approved by R. Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and Chief Geologist to the Company and T. Dechev, P.Eng, APEGBC, a Qualified Person as defined by NI 43-101 and Chief Executive Officer to the Company.

About Mundoro Capital Inc.

Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals. To drive value for shareholders, Mundoro's asset portfolio generates near-term cash payments to Mundoro and creates royalties attached to each mineral property optioned to partners. The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA.

Follow our weekly updates on: LinkedIn and X.

For further information about Mundoro, please contact: Teo Dechev, Chief Executive Officer, President and Director, +1-604-669-8055.

You can also visit Mundoro's website www.mundoro.com.

Caution Concerning Forward-Looking Statements

This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof, and include the following: completion of earn-in expenditures, options and completion of a definitive agreement by the parties. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the mineral potential of the Company's projects, the Company's future strategy and business plan and execution of the Company's existing plans. We caution readers of this News Release not to place undue reliance on forward-looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedarplus.ca.

Neither 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/264396

Compass Minerals International, Inc

OVERLAND PARK, Kan., Aug. 28, 2025 (GLOBE NEWSWIRE) — Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today released the following notice:

A U.S. District Court authorized this Notice. This is not a solicitation from a lawyer.

TO: ALL CURRENT RECORD HOLDERS AND BENEFICIAL OWNERS OF COMPASS MINERALS INTERNATIONAL, INC. (“COMPASS” OR THE “COMPANY”) COMMON STOCK AS OF JULY 14, 2025 (THE “RECORD DATE”).

IF YOU WERE A RECORD OR BENEFICIAL OWNER OF THE COMPANY’S COMMON STOCK AS OF THE RECORD DATE, PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY, AS YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THE ABOVE-REFERENCED LITIGATION.

PLEASE TAKE NOTICE that the above-captioned consolidated derivative actions are being settled on the terms set forth in a Stipulation and Agreement of Settlement dated July 14, 2025 (the “Stipulation”)1 of the above-captioned consolidated derivative actions, subject to the approval of the United States District Court for the District of Kansas (the “Court”) pursuant to Rule 23.1 of the Federal Rules of Civil Procedure. Under the terms of the Stipulation, as part of the proposed Settlement, and in consideration of the associated releases set forth herein, Defendants shall cause the Board, within thirty (30) days after the Court enters an Order granting final approval of the Settlement, to adopt, implement, and maintain the corporate governance, oversight, and internal controls reforms set forth in Exhibit A to the Stipulation consistent with the terms and timing set forth therein (the “Reforms”). The Reforms, which are detailed more fully in the Stipulation and Long Form Notice, are intended to address the claims asserted in the Derivative Actions.

The Parties agree that: (i) the Settlement confers a substantial benefit upon Compass and its shareholders; (ii) the Settlement, and each of its terms, is in all respects fair, adequate, reasonable, and in the best interests of Compass and its shareholders; and (iii) Plaintiffs’ Counsel are entitled to reasonable attorneys’ fees and reimbursement of expenses, inclusive of Service Awards for the Plaintiffs, subject to the approval of the Court.

On October 14, 2025, at 1:30 p.m., the Court will hold the Settlement Hearing, either in person at Kansas City courthouse for the United States District Court for the District of Kansas, 500 State Avenue, Kansas City, Kansas 66101, or by telephone or videoconference (at the direction of the Court). At the Settlement Hearing, the Court will consider whether the Settlement is fair, reasonable, and adequate and thus should be finally approved and whether the above-captioned consolidated derivative action should be dismissed with prejudice pursuant to the Stipulation.

1 Capitalized terms herein not otherwise defined are defined in the Stipulation. This Notice should be read in conjunction with, and is qualified in its entirety by reference to, the Stipulation and its Exhibits, which have been filed with the U.S. District Court for the District of Kansas.

The Court also will rule upon Plaintiffs’ Counsel’s request for approval of the agreed-upon attorneys’ fees and reimbursement of expenses and Plaintiffs’ Service Awards.

Any Current Compass Stockholder may, but is not required to, appear in person at the Settlement Hearing. If you want to be heard at the Settlement Hearing in opposition to the Settlement, Plaintiffs’ Counsel’s request for approval of attorneys’ fees and reimbursement of expenses, or the Service Awards, then you must first comply with the following procedures for objecting.

Any objections to the proposed Settlement or Plaintiffs’ Counsel’s applications for the Fee and Expense Amount of $1,400,000, to be paid by the Individual Defendants’ Insurers, and reasonable Service Awards of up to $2,000 for each of the two Plaintiffs to be paid from the Fee and Expense Amount, must be presented in writing and must contain the following information:1. Notice of intent to appear at the Settlement Hearing;2. Your name, legal address, and telephone number;3. Proof of being a Current Compass Stockholder as of the Record Date and representation that you will continue to own Compass common stock as of the date of the Settlement Hearing;4. The date(s) at which you acquired your Compass shares and the number of Compass shares held;5. A detailed statement of your specific position with respect to the matters to be heard at the Settlement Hearing, including a statement of each objection being made; and6. The grounds for each objection or the reasons for your desire to appear and be heard.

Any counsel retained by a purported objector for the purpose of asserting an objection must make a notice of appearance on the Court at least fourteen (14) days before the Settlement Hearing. The Court will not consider any objection that does not substantially comply with these requirements.

Any written objections must be filed with the Court and sent by hand or by first-class mail, postage prepaid to Plaintiffs’ Counsel no later than fourteen (14) days before the Settlement Hearing at the following address:

Plaintiffs’ Counsel:Seth D. RigrodskyRIGRODSKY LAW, P.A.300 Delaware Avenue, Suite 210Wilmington, DE 19801Telephone: (302) 295-5310Email: sdr@rl-legal.com

Timothy BrownTHE BROWN LAW FIRM, P.C.767 Third Avenue, Suite 2501New York, NY 10017Telephone: (516) 922-5427Email: tbrown@thebrownlawfirm.net

Clerk of the Court:United States District CourtDistrict of Kansas (Kansas City)500 State Avenue, Room 259Kansas City, KS 66101Telephone: (917) 735-2200Email: ksd_clerks_kansascity@ksd.uscourts.gov

 

The Court will not consider any objection that is not timely filed with the Court and delivered to Plaintiffs’ Counsel.

Any person or entity who fails to object or otherwise request to be heard in the manner prescribed above will be deemed to have waived the right to object to any aspect of the Settlement or otherwise request to be heard (including the right to appeal) and will be forever barred from raising such objection or request to be heard in this or any other action or proceeding, but shall otherwise be bound by the Judgment to be entered and the releases to be given.

This Notice summarizes the Parties’ Stipulation. It is not a complete statement of the events of the Derivative Actions or the Stipulation. You may inspect the Stipulation and other papers athttps://investors.compassminerals.com/investors-relations/investor-resources/market-data/default.aspx.

PLEASE DO NOT CALL, WRITE, OR OTHERWISE DIRECT QUESTIONS TO EITHER THE COURT OR THE CLERK’S OFFICE. Any questions you have about matters in this Notice should be directed by telephone or in writing to Plaintiffs’ Counsel at the address set forth above.

Dated: Aug. 28, 2025, BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF KANSAS

Use of Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, those regarding: (i) the Stipulation resolving the derivative actions; (ii) the ability to secure final approval of the proposed Settlement and to satisfy all conditions of the proposed Settlement; and (iii) other statements that are not historical facts, constitute forward looking statements. These forward-looking statements involve risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control, including, without limitation, risks and uncertainties related to: (a) the Stipulation not having the expected impact, including resolving the derivative actions; (b) the proposed settlement requiring more activity or expense than expected; (c) the defendants’ ability to overcome any objections or appeals regarding the proposed settlement; and (d) satisfactory resolution of any future litigation or other disagreements with others. Further information on potential factors that could cause actual results to differ materially from those in the forward-looking statements are contained in the Company’s filings and periodic reports filed with the Securities and Exchange Commission under the heading “Risk Factors” and elsewhere in such filings and reports, including our most recent quarterly report on Form 10-Q for the quarter ended June 30, 2025, and future filings and reports by the Company. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made, and the facts and assumptions underlying the forward-looking statements may change. Except as required by law, the Company disclaims any obligation to update these forward-looking statements to reflect future information, events or circumstances.

CONTACT: Investor Contact InvestorRelations@compassminerals.com Media Contact MediaRelations@compassminerals.com

TALLAHASSEE, Fla., Aug. 27, 2025 /CNW/ — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the appointment of Matthew Foulston to the Trulieve Board of Directors and Jan Reese as Chief Financial Officer.

Mr. Foulston is an accomplished board member and financial executive with extensive experience across multiple industries, having previously served as chief financial officer for three publicly listed companies: Covetrus, Inc., TreeHouse Foods Inc. and Compass Minerals International Inc. Mr. Foulston also served as an independent director and as chair of both the audit and compensation committees for Hyzon Motors, Inc.

"I'm excited to join the board of Trulieve, a true pioneer in the cannabis industry," said Mr. Foulston. "I look forward to helping guide Trulieve through this next phase of growth while contributing to long term shareholder value."  

Mr. Reese, who will assume the Chief Financial Officer responsibilities as of September 8, 2025, is a seasoned executive with over two decades of finance leadership experience spanning public, private equity–backed, and entrepreneurial companies. He served as chief financial officer at Vimergy LLC, AVI-SPL, LLC, Tech Data Americas (now TD SYNNEX), and Motorsport Network Media LLC and has held senior finance and executive roles at Delphi Automotive (now Aptiv PLC) and Walmart International, among others. Throughout his career, he has overseen all core finance functions, led domestic and international expansion, and guided organizations through IPO- and exit readiness.

"Trulieve is an industry leading company with strong financial performance and numerous growth opportunities and catalysts ahead," said Mr. Reese. "I am eager to join the team at such an exciting time for the company, and I look forward to driving continued success in the years ahead."

The Company would like to thank Ryan Blust for serving as Interim Chief Financial Officer. Mr. Blust will resume his duties as Vice President, Finance, once Mr. Reese assumes the CFO role.

"We are thrilled to welcome two new leaders to our Board and executive team," said Chief Executive Officer Kim Rivers. "Mr. Foulston and Mr. Reese bring considerable experience and strategic insight to Trulieve that will be invaluable as we navigate the dynamic and constantly evolving cannabis landscape."  

Forward-Looking StatementsThis news release includes forward-looking information and statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation (collectively herein referred to as "forward-looking statements"). These forward-looking statements relate to the Company's expectations of business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs. Words such as "expects", "continue", "will", "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company's current projections and expectations about future events and financial trends that management believes might affect its financial condition, results of operations, business strategy and financial needs, and on certain assumptions and analysis made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate. Forward-looking statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking statements herein, including, without limitation, the risks discussed under the heading "Risk Factors" in our most recent Annual Report on Form 10-K and in our periodic reports subsequently filed with the United States Securities and Exchange Commission and in the Company's filings on https://www.sedarplus.ca/landingpage/. Although the Company believes that any forward-looking statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such statements, there can be no assurance that any such forward-looking statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking statements. Any forward-looking statements herein are made as of the date hereof and, except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking statements herein, whether as a result of new information, future events or results, or otherwise. 

About TrulieveTrulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S., with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF. For more information, please visit Trulieve.com.

Facebook: @Trulieve   Instagram: @TrulieveX: @Trulieve

Investor ContactChristine Hersey, Vice President of Investor Relations +1 (424) 202-0210Christine.Hersey@Trulieve.com

Media ContactPhil Buck, APR, Corporate Communications Manager+1 (406) 370-6226Philip.Buck@Trulieve.com

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/trulieve-announces-appointment-of-board-member-matthew-foulston-and-chief-financial-officer-jan-reese-302539434.html

SOURCE Trulieve Cannabis Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2025/27/c0609.html

OVERLAND PARK, Kan., August 27, 2025–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced that Edward C. Dowling Jr., president and CEO, and other leadership team members will participate in one-on-one meetings at the Jefferies Industrial Conference on Sept. 3, 2025 in New York City.

Updated presentation materials will be available at the time of the event through the investor relations section of the Compass Minerals website at compassminerals.com.

About Compass Minerals

Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 12 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250827236677/en/

Contacts

Investor Contact Brent CollinsVice President, Treasurer & Investor Relations+1.913.344.9111InvestorRelations@compassminerals.com

Media Contact Kevin GabrielSenior Director, Corporate Affairs+1.913.344.9265MediaRelations@compassminerals.com

BHP Group Limited (NYSE:BHP) is among the  7 Best Manganese Stocks to Buy Right Now. BHP Group Limited (NYSE:BHP) missed forecasts of $10.22 billion with an FY25 underlying profit of $10.16 billion, its lowest in five years and a 26% year-over-year decline. Results were impacted by the weakness in iron ore, brought on by a slowdown in Chinese demand. However, shares rose 1% when the miner declared a higher-than-expected total dividend of $1.10 per share, including a final payout of $0.60, topping the consensus of $1.01, although still the lowest since 2017.

Photo by Dominik Vanyi on Unsplash An aerial view of a mining operation in action, with large trucks and yellow diggers.

BHP Group Limited (NYSE:BHP)’s realized iron ore price fell 19%, putting pressure on earnings, although this was partially offset by higher copper prices. The business raised its net debt objective to $10-20 billion and planned $11 billion in project and exploration spending over the next two years, with future spending expected to decline.

Mike Henry, the CEO, stated that despite tariff uncertainty, commodity demand is solid. Although the miner has warned that suitable acquisition possibilities are scarce, it is prioritizing the growth of copper and potash. Furthermore, BHP agreed to sell Brazilian copper assets for $465 million after pointing out a $1.7 billion cost overrun at its Jansen potash project. It is among the Best Manganese Stocks.

While we acknowledge the potential of BHP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.

Disclosure. None.

China’s Zijin Mining Group Co. Ltd sees unprecedented global uncertainties on the critical and precious metals markets amid rising protectionism and trade barriers, the biggest Chinese and the world’s largest metals miner in terms of market value said on Wednesday.

Zijin Mining, which is now the third top valued metals miner behind Rio Tinto and BHP, flagged in its half-year earnings report that “Geopolitical risks are increasingly severe, and regional conflicts are spreading globally. Global uncertainties have become unprecedented.”

Following the tariff and trade war initiated by the United States, “The global political and economic orders established since World War II are facing comprehensive challenges.”

Against this backdrop, the competition for critical minerals among major powers “has entered a high-intensity confrontation phase,” Zijin Mining said, warning that the changing global order may impact the prices of metals and critical minerals and affect the company’s revenue, profits, and new overseas projects.

“Differences in politics, policies and laws among various countries and regions, as well as resource nationalism sentiments, may pose certain challenges to construction and production operations,” said the Chinese metals miner, which generates most of its revenues and profit from gold and copper.

In the copper market, Zijin Mining expects wide fluctuation in prices due to the U.S. copper tariffs, while Chinese demand remains resilient amid infrastructure investment growth and the long-term structural supply gap in refined copper.

The attractiveness of gold as an asset has increased due to global trade uncertainties, a weak U.S. dollar, and high levels of gold purchases from central banks, Zijin said.

In the lithium market, it will still take time to achieve a clearing of the oversupply, the Chinese company said.

The heavily concentrated supply of critical minerals in a handful of countries and China’s export controls are raising the risk of “painful disruptions” in the market, the International Energy Agency (IEA) warned in May in its annual report, Global Critical Minerals Outlook.

Despite major deals and government support in the West for building domestic supply chains, China has raised its market share over the past few years, the IEA’s report found.

By Tsvetana Paraskova for Oilprice.com

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NetworkNewsWire Editorial Coverage

NEW YORK, Aug. 27, 2025 /CNW/ — Across Colombia's legendary gold-producing regions, generations of traditional mining operations have accumulated enormous volumes of tailings, material that earlier technologies deemed worthless but which actually harbors substantial reserves of precious metals. These historical deposits now present a dual opportunity to both remedy long-standing environmental concerns while also accessing previously unrecoverable gold and silver through cutting-edge extraction methods. ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (Profile) is pioneering this innovative approach, where its recently unveiled, fully permitted joint venture in Bolívar demonstrates how next-generation processing capabilities can convert abandoned mining waste into profitable, sustainable operations. Through environmentally conscious practices, ESGold is simultaneously extracting valuable resources and transforming decades-old ecological burdens into engines of responsible economic development. ESGold joins a select group of mining companies — including Kinross Gold Corp. (NYSE: KGC), Gold Fields Ltd. (NYSE: GFI), BHP Group Ltd. (NYSE: BHP) and Wheaton Precious Metals Corp. (NYSE: WPM) — that are focused on positioning themselves in the global mining space through the use of environmentally friendly, advanced technologies combined with careful strategy.

NetworkNewsWire.com logo (PRNewsfoto/NetworkNewsWire)

  • ESGold Corp.'s announcement regarding a JV with Planta Magdalena S.A.S. demonstrates the company's tactical expansion into Colombia.

  • The company's sampling campaign within the Bolívar tailings zone has delivered highly promising outcomes that validate the substantial economic opportunity.

  • Bolívar stands as one of Colombia's most historically important and actively productive gold-extraction districts.

  • The Bolívar joint venture represents ESGold's initial expansion of its proven tailings-to-revenue model outside of Québec.

  • ESGold's tailings reprocessing approach generates environmental improvements over conventional mining operations, tackling historical ecological issues while establishing high-margin economic opportunities.

Click here to view the custom infographic of the ESGold Corp. editorial.

Colombia's Untapped Mining Revolution

Colombia emerges as South America's geological treasure trove, where precious metals lie embedded throughout its diverse mineral landscapes. The nation achieved remarkable success in 2024, exporting roughly 60 metric tons of gold while accumulating around $3.55 billion in mining revenues from January through November. Gold production has been fundamental to Colombia's economic foundation, with key mining territories including Antioquia, Chocó, Bolívar and Córdoba establishing themselves as the country's premier extraction centers.

Yet Colombia's true potential extends far beyond current mining activities, residing within enormous stockpiles of historical tailings, centuries-old waste deposits from previous extraction efforts that continue to house substantial concentrations of valuable metals. Studies indicate that innovative reprocessing methods, especially hydrometallurgical approaches, can successfully extract precious and critical metals from these abandoned materials while simultaneously minimizing environmental hazards.

This intersection of abundant natural resources and cutting-edge recovery systems creates an extraordinary prospect for Colombia's future. Historical mining waste, previously viewed as an environmental burden, now represents a pathway to generate fresh income sources, address ecological concerns and advance sustainable mining practices.

Leading this transformative movement is ESGold Corp., a sustainable gold and silver development enterprise that champions a tailings-first extraction strategy. Though the company's primary operations are located in Quebec, ESGold has demonstrated its dedication to expanding this innovative approach throughout the Americas, with Colombia representing a key target market. Through the reprocessing of legacy tailings using sophisticated, environmentally conscious technologies, the company seeks to achieve rapid, profitable production while minimizing ecological disruption, exemplifying how technological advancement and environmental stewardship can unite in mining's sustainable future.

Strategic Colombian Gold Partnership Secured

ESGold Corp.'s latest announcement regarding a joint venture with Planta Magdalena S.A.S. in Colombia demonstrates the company's tactical expansion into this mineral-abundant nation. The organization has established a binding memorandum of understanding with Planta Magdalena to advance a fully permitted gold and silver venture within Colombia's Department of Bolívar.

This collaborative arrangement involves ESGold investing C$1.5 million to acquire a 50% joint venture stake, while securing first rights to acquire the remaining 50% within 12 months at fair market valuation established through independent third-party assessment. Crucially, Planta maintains existing operational permits, providing ESGold with an exceptional, immediate opportunity to establish a second production center complementing its Quebec-based Montauban facility.

The Department of Bolívar constitutes one of Colombia's premier gold-extraction territories, where artisanal and small-scale operations collectively handle an estimated 300,000 tonnes of ore per year, yielding roughly 128,000 ounces of gold. Following completion of definitive documentation and verification procedures, ESGold targets commissioning the Bolívar facility with planned operations beginning in 2026. The company intends to execute qualified person-supervised field assessments in early September for comprehensive tailings evaluation and metallurgical recovery analysis, while completing bulk-sample concentrate testing at its Montauban operations.

Exceptional Bolívar Sampling Results Revealed

ESGold's comprehensive reconnaissance sampling campaign within the Bolívar tailings zone has delivered highly promising outcomes that validate the substantial economic opportunity presented by this strategic alliance. Company reports indicate that 27 tailings samples underwent rigorous analysis at ACTLABS, producing an impressive average grade of approximately 5.52 grams per tonne gold.

The evaluation program demonstrated that nearly one-third of samples (8 out of 27) exceeded the significant 5 g/t Au threshold, indicating widespread precious metal distribution throughout the tailings deposit. Particularly notable intercepts emerged from the program, with sample SS806 delivering an exceptional 42.683 g/t Au, while samples SS816 and SS817 returned robust grades of 19.284 g/t Au and 18.332 g/t Au respectively. The sampling initiative also unveiled considerable silver mineralization potential, with numerous samples producing attractive silver concentrations surpassing 190 g/t Ag.

While these initial findings represent selective sampling and cannot be extrapolated across the complete tailings resource, they offer strong validation of the precious metal concentrations historically abandoned by traditional processing technologies throughout the region. ESGold acknowledges these finding represent preliminary, selective samples that may not reflect the broader project scope, yet they establish positive benchmarks for the detailed assessment program currently advancing.

The company is presently completing bulk-sample metallurgical evaluations to validate recovery efficiencies for the planned processing flowsheet, with testing conducted at ESGold's Montauban operations and verification assays performed at ACTLABS in Québec under accelerated timelines. This methodical metallurgical testing protocol will deliver essential technical data for refining operational parameters and substantiating the commercial feasibility of the tailings reprocessing venture, supported by these encouraging preliminary analytical results.

Advanced Technology Transforms Colombian Mining Legacy

Bolívar stands as one of Colombia's most historically important and actively productive gold-extraction districts, where generations of mining heritage continue yielding considerable precious metals through primarily artisanal and small-scale enterprises. Nevertheless, most ore processing relies on basic mercury amalgamation techniques that generally extract fewer than half the contained gold and silver reserves, abandoning significant precious metals concentrations in the produced tailings.

This inefficient extraction approach establishes a remarkable prospect for contemporary processing systems to retrieve abandoned precious metals, essentially converting current waste streams into profitable production material. The region's persistent dependence on obsolete processing methodologies indicates that generations of tailings accumulation harbor considerable precious metals deposits recoverable through modern, mercury-free extraction technologies. ESGold's advanced processing methodology can substantially enhance recovery percentages while eliminating environmental damage linked to mercury-dependent extraction practices.

The combination of significant tailings reserves, established mining infrastructure and an experienced regional workforce establishes ideal circumstances for deploying modern recovery systems that can extract value from previously discarded materials. CEO Gordon Robb observed that the region's developed mining infrastructure and experienced local workforce establish favorable conditions for initiating operations with immediate potential, enabling ESGold to showcase substantial improvements in precious metals extraction while supporting economic advancement within local mining communities.

A Launchpad to Scale Proven Model

The Bolívar joint venture represents ESGold's initial extension of its proven tailings-to-revenue methodology outside of Québec, serving as a key test for deploying this strategy across diverse regulatory environments. ESGold has successfully refined and demonstrated this breakthrough approach through its Montauban operations in Québec, where the framework centers on establishing immediate revenue streams from tailings reprocessing that simultaneously finance exploration programs, potentially unlocking fresh discoveries and resource growth.

"The Bolívar opportunity perfectly fits our vision for ESGold's growth," said Mastantuono. "Our team sees this as a launchpad to scale our proven model across multiple jurisdictions, delivering value for shareholders while making a measurable positive impact in the communities where we operate."

The strategic blueprint established via the Bolívar alliance creates a framework for subsequent joint ventures and asset acquisitions, illustrating ESGold's capability to quickly and efficiently broaden its operational presence while preserving prudent capital management. Through securing permitted assets within established mining regions, the company can establish consistent, replicable revenue generation that supports exploration and discovery initiatives without necessitating ongoing equity fundraising, establishing a self-sustaining growth engine that amplifies shareholder value.

Sustainable Mining Transforms Colombian Communities

ESGold's tailings reprocessing approach generates substantial ecological improvements that surpass conventional mining operations, tackling historical environmental issues while establishing economic opportunities for regional populations. The company's innovative mercury-free extraction processes mark a considerable advancement over basic techniques currently utilized across the Bolívar area, where mercury amalgamation not only diminishes precious metal recovery but also generates persistent environmental pollution affecting local wildlife habitats and public health.

Rehabilitating abandoned mining locations through responsible tailings reprocessing can substantially enhance environmental quality in zones affected by decades of ineffective processing approaches. ESGold's environmentally conscious processing protocols eliminate mercury usage while incorporating thorough environmental oversight measures that safeguard air and water resources, minimize emissions, and restore damaged terrain through structured site rehabilitation. This methodology converts environmental burdens into productive resources while providing quantifiable enhancements to regional environmental standards.

The ecological advantages encompass fostering sustainable regional employment prospects that offer alternatives to environmentally damaging mining activities. Through showcasing the financial benefits of clean processing innovation, ESGold can promote wider acceptance of environmentally sound mining techniques throughout the area while generating secure, well-compensated positions that bolster local economic growth. The company's dedication to community involvement and environmental responsibility reflects its comprehensive mission of demonstrating that profitable mining ventures can produce positive environmental and social results, setting a new benchmark for responsible resource development in historically affected mining territories.

"Bolívar has a long and storied history as one of Colombia's most prolific gold-producing regions, with decades of artisanal and small-scale mining contributing significantly to the country's overall output," said ESGold CEO Gordon Robb. "The region still processes hundreds of thousands of tonnes of ore annually, yet much of it is handled using rudimentary mercury amalgamation methods that leave behind a substantial amount of gold and silver in the tailings.

"This creates an immense opportunity for ESGold to apply modern, environmentally responsible recovery technology that can significantly improve yields while remediating legacy mine sites," Robb continued. "The early validation from our due-diligence sampling is highly encouraging, and it underscores the scalability of our tailings-to-cash-flow model as we aim to build a second high-margin operation in one of the most prolific gold-bearing districts in all South America."

Mining Giants Drive Sustainable Innovation Forward

Leading mining companies are reinforcing their competitive positions through strategic sustainability initiatives and technological innovations that address both operational efficiency and environmental responsibility. These coordinated efforts demonstrate how industry leaders are adapting to evolving market demands while maintaining their commitment to responsible resource development across global operations.

Kinross Gold Corp. (NYSE: KGC) has published its 2024 Sustainability Report, providing a fulsome summary of the Company's progress over the past year in furthering its sustainability strategy. The report reflects the company's commitment to sustainability, which is deeply rooted in its values — which are driven by three pillars: workforce and community, natural capital, and climate and energy— and culture, as well as its commitment to responsible mining. Now in its 17th year, the report provides a comprehensive update to the company's stakeholders on the progress made in 2024, and what the company aims to achieve in 2025 and beyond. The report details the company's uncompromising approach to responsible mining that underpins its operational success.

Gold Fields Ltd (NYSE: GFI) has marked a significant milestone in the development of its landmark A$296 million St Ives Renewable Energy project, after foundations for wind turbines were laid. Seven concrete foundations have been poured at the project site in preparation for the arrival of the wind turbine components by September. Once operational, the renewable energy system will power more than 70% of Gold Fields St Ives mine, becoming western Australia's largest renewable energy initiative at an existing mine site. The gold producer has been expanding decarbonization initiatives at its 10 sites and projects around the world as part of its global target of 30% net emission reduction by 2030 from its 2016 baseline.

BHP Group Ltd. (NYSE: BHP) is part of an industry consortium comprised of leading steelmakers and other value chain players, which are undertaking a prefeasibility study to assess the development of Carbon Capture, Utilization and Storage (CCUS) hubs across Asia. The CCUS Hub study is the first independent industry-led study of its kind in Asia and will examine the technical and commercial pathways to utilizing CCUS in hard-to-abate industries across Asia. The study will focus on the potential to develop large-scale projects that can repurpose, or store, captured carbon dioxide (CO2). The plan is for each participant in the study to be included in at least one hub, and the study will deliver conceptual development strategies for each hub including cost and schedule estimates, and potential commercialization pathways.

Wheaton Precious Metals Corp. (NYSE: WPM) has announced the return of its Future of Mining Challenge and invites ventures from around the world to propose industry solutions aimed at improving operational efficiencies and minimizing environmental impacts. The company believes that constant innovation is essential to responsibly meet the growing global demand for minerals and metals, and Wheaton is uniquely positioned to support the industry as it advances the delivery of essential commodities and materials in a more sustainable manner. For the 2025/26 challenge, Wheaton will award $1 million to a cleantech venture with innovative technology that seeks to advance sustainable water management in the mining industry.

These strategic initiatives collectively illustrate how established mining companies are positioning themselves for long-term success by integrating environmental stewardship with operational excellence. These industry leaders are establishing new benchmarks for responsible mining while strengthening their market positions in an increasingly sustainability-focused global economy.

For further information about ESGold Corporation, please visit ESGold Corp.

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SANTIAGO (Reuters) -Two recent accidents involving autonomous trucks are raising safety concerns, a workers' union at BHP's Escondida mine in Chile, the world's largest copper mine, said in a statement on Wednesday.

The union, which has often been critical of BHP and has staged strikes as part of contract negotiations, said that on August 25 an autonomous truck collided with shovel machinery and the week before, another truck overturned.

It did not report any injuries.

Despite that, the head of the Union Patricio Tapia told Reuters that while workers don't operate the vehicles, they perform other tasks in the area like maintaining roads.

In a statement, BHP said it has trained more than 4,800 workers in its automation process and has "totally eliminated" having people exposed when material is moved in the open pit.

BHP said that one of the incidents involving the autonomous trucks happened in March.

"In the other incident, that involved a mechanical shovel with an autonomous truck, there were no exposed people and it is still under internal investigation," the statement said.

The company in July said it had fully implemented autonomous operations for 33 trucks and eight drills at the mine's Escondida Norte unit, completing a five-year rollout.

"Less than a month since the announcement, the reality is revealing a huge risk to the safety of workers," the statement said.

Escondida produced 1.28 million tons of copper last year.

(Reporting by Fabian Andres Cambero; writing by Natalia Siniawski, Paolo Laudani and Alexander Villegas; Editing by Daina Beth Solomon and Alistair Bell)

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