Meridian (MRBK) News & Sentiment

Cabaçal 2025 Pre-Feasibility Study Highlights: (All amounts are in United States Dollars unless otherwise stated) Meridian delivers exceptional economics from the Cabaçal Pre-Feasibility Study; Base case after-tax NPV5 of USD 984 million (CAD1 1.43 billion) and 61.2% IRR; (Assuming USD 2,119/oz Au, USD 4.16/lb Cu, and USD 26.89/oz Ag, CAD:USD=1.4533); Spot case after-tax NPV5 of USD 1.41 billion (CAD 2.04 billion) and 79.5% IRR; (Assuming2 USD 2,917/oz Au, USD 4.54/lb Cu, and USD 32.25/oz Ag (27 February, 2025)); Cabaçal Establishes a Mid-Tier Production Profile: Average annual production of 141,000 AuEq ounces over 10 years; First 5 years production of 178,000 AuEq ounces annually; Low LOM All-In-Sustaining-Costs ("AISC") of USD 742/oz AuEq3; Low initial CAPEX of USD 248 million (CAD 359 million) including pre-investment for expansion to 4.5 Mtpa from year 4; Strong value proposition: Base case NPV5/Capex is 3.97 times, & initial capital repaid in 17 months; and Maiden Cabaçal reserve of 41.7Mt at 0.63g/t Au, 0.44% Cu and 1.64g/t Ag declared, including 89% in the proven category. 1 Exchange Rate USD/CAD of 1.45330, 2 Spot prices on London close on 28, February, 2025, See Technical Note for AuEq equation.

HIGHLIGHTS: Meridian drills layers of shallow Au-Cu-Ag high-grade mineralization at Cabaçal CD-639: 20.9m @ 6.5g/t AuEq (4.4% CuEq) from 95.3m; including: 7.1m @ 9.2g/t AuEq (6.2% CuEq) from 104.0m CD-636: 26.6m @ 2.6g/t AuEq (1.8% CuEq) from 176.3m including: 15.7m @ 4.1g/t AuEq (2.7% CuEq) from 187.2m CD-606: 7.3m @ 5.9g/t AuEq (4.0% CuEq) from 78.7m Near surface up-dip extensions of high-grade Au-Cu-Ag mineralization added High-grade gold dominant zone grading up to 56.7g/t Au drilled at Cabaçal LONDON, UK / ACCESS Newswire / February 24, 2025 / Meridian Mining UK. S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to provide a drilling update from the advanced Cabaçal Cu-Au-Ag VMS project ("Cabaçal").

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONDON, UK / ACCESS Newswire / February 19, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of common shares (the "Common Shares") (see news releases January 28, 2025 and February 4, 2025). Pursuant to the Private Placement, the Company has issued 44,187,432 Common Shares at a price of CAD 0.39 for gross proceeds to the Company of CAD 17,233,098.

Meridian Bank (MRBK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONDON, UK / ACCESS Newswire / February 4, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce that due to substantial interest, the non-brokered private placement of common shares (the "Common Shares") at CAD 0.39 per Common Share, announced on January 28, 2025, has been increased from CAD 10M to CAD 17M (the "Private Placement"). Pursuant to the Private Placement, the Company proposes to issue up to 43,589,744 Common Shares for gross proceeds of up to CAD 17,000,000.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES HIGHLIGHTS: Meridian Mining plans transformational 2025 as an emerging Brazilian copper gold developer Driven by its flagship Cabaçal Au-Cu-Ag VMS mine development and expansion programs Resource growth from the Santa Helena infill and expansion program Belt scale exploration program along 50km Cabaçal VMS Belt CAD 10 million fully subscribed non-brokered financing at CAD 0.39 Subscribed by a single sophisticated European investor Proceeds to be used to advance Cabaçal PFS completion, initiation of the subsequent Feasibility Study, expanded drill program at Santa Helena and regional exploration LONDON, UK / ACCESS Newswire / January 28, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce its expanded plans for 2025 along with a strategic non-brokered private placement of CAD 10M (the "Private Placement"), fully subscribed by a single European investor increasing their stake to [12.1]%, as the Company continues towards its goal of being Brazil's next copper-gold producer. Mr. Gilbert Clark, CEO, comments: "Meridian is now set for a potentially transformational 2025, led by its flagship project, the advanced Cabaçal Au-Cu-Ag project ("Cabaçal").

Meridian Bank (MRBK) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.05 per share a year ago.

MALVERN, Pa., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:   Three Months Ended   Year Ended (Dollars in thousands, except per share data)(Unaudited) December 31, 2024   September 30, 2024   December 31, 2024   December 31, 2023 Income:               Net income $ 5,601   $ 4,743   $ 16,346   $ 13,243 Diluted earnings per common share $ 0.49   $ 0.42   $ 1.45   $ 1.16 Pre-tax, pre-provision income(1) $ 11,168   $ 8,527   $ 33,186   $ 23,782 (1) See Non-GAAP reconciliation in the Appendix                               Net income for the quarter ended December 31, 2024 was $5.6 million, or $0.49 per diluted share and $16.3 million, or $1.45 per diluted share, for the year.