Highlander Silver management commentary attributes wider Q3 2026 net loss to higher Corani spending

• Highlander Silver management commentary reported a USD 17.14 million third-quarter 2026 net loss, versus USD 3.11 million a year earlier.
• Revenue reached USD 37.75 million from Mercedes gold and silver sales following the February 26, 2026, Bear Creek acquisition.
• Exploration expenses rose to USD 22.26 million from USD 2.1 million, primarily driven by Corani drilling and development activities.
• Finance costs reached USD 6.52 million, primarily reflecting accretion on the net smelter return royalty buy-back liability.
• A USD 17.74 million reversal of previously recognized depletion partially offset expenses, reflecting revised acquisition fair values for Mercedes.

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