Produced first gold at the Bayan Khundii mine on September 14 and expects to reach 85,000 oz/year nameplate capacity by end-2025.
EM sold 342 oz gold at US$3,805/oz and 96 oz silver at US$44/oz during Q3 2025.
Announced a 22% increase in Measured & Indicated Mo resources to 333 Mlbs and a 90% increase in Inferred Mo to 300 Mlbs for Zuun Mod, plus similar gains in Cu resources.
Entered an option to acquire up to 80% of the Tereg Uul copper-gold prospect and completed a 6:1 share consolidation on September 2.
Reported a net loss of $2.75 M in Q3 2025 versus $1.69 M in Q3 2024, driven by higher exploration and administrative expenses.

Nov 4, 2025, 11:00 PM

Press Release

NOV Reports Q3 2025 Results and Board Appointment

MMC

Earnings

Board Change

Guidance Update

Revenues of $2.18 billion and net income of $42 million ($0.11 per share) in Q3 2025
Bookings of $951 million with a book-to-bill ratio of 141%
Operating cash flow of $352 million and free cash flow of $245 million
Appointed Jose Bayardo, President & COO, to the Board, increasing its size by one
Q4 2025 guidance: revenues down 5–7% YoY and Adjusted EBITDA of $230 million–$260 million

Oct 27, 2025, 9:45 PM

Press Release

Marsh & McLennan Q3 Earnings Beat as Shares Fall Over 8%

MMC

Earnings

Revenue Acceleration/Inflection

Demand Weakening

Shares dropped over 8% to 52-week lows despite Q3 revenue growth of 11.5% and adjusted earnings above consensus.
The decline occurred amid broad market weakness (S&P 500 down 0.63%, Dow down 0.65%) and marked MMC’s second consecutive day of losses.
Strategic initiatives include the Thrive program (targeting $400 million in savings over three years with $500 million in related charges), a rebrand to “Marsh,” and deployment of AI tools Len AI and ADA.
Persistent headwinds stem from declining P&C insurance pricing, intense competition in insurance/reinsurance, and competitor hiring practice concerns.

Oct 16, 2025, 1:46 PM

Morningstar

MMC reports Q3 2025 results

MMC

Earnings

Share Buyback

Guidance Update

Q3 revenue of $6.4 billion (+11% YoY; +4% underlying) and adjusted EPS of $1.85 (+11%); adjusted operating margin expanded 30 bps to 22.7%.
Announced rebrand to Marsh (ticker MRSH) effective January and launched Business and Client Services (BCS) under the Thrive program, targeting $400 million in savings (with ~$500 million of charges) over three years.
Underlying Q3 segment growth: Marsh +4%, Guy Carpenter +5%, Mercer +3%, Oliver Wyman +8%.
Returned capital via $400 million of share repurchases in Q3; full-year 2025 capital deployment expected at $4.5 billion across dividends, acquisitions, and buybacks.

Oct 16, 2025, 12:00 PM

Transcript

Marsh McLennan reports Q3 2025 results and brand unification plan

MMC

Earnings

M&A

Consolidated revenue rose 11% YoY to $6.4 billion; adjusted operating income grew 13% to $1.4 billion, and adjusted EPS increased 11% to $1.85
Risk & Insurance Services revenue climbed 13% to $3.9 billion, while the consulting segment expanded through acquisitions of Mercer and Oliver Wyman
The company will consolidate its four businesses under the Marsh brand by 2027 to strengthen its global market position

Oct 16, 2025, 11:39 AM

Morningstar

Marsh McLennan reports Q3 2025 results

MMC

Earnings

Share Buyback

Consolidated revenue was $6.4 billion, up 11% on a GAAP basis and 4% on an underlying basis year-over-year.
GAAP operating income rose 6% to $1.2 billion, while adjusted operating income increased 13% to $1.4 billion.
GAAP EPS of $1.51, with adjusted EPS up 11% to $1.85.
Repurchased approximately 1.9 million shares for $400 million in the quarter.
Announced rebranding to “Marsh” effective January 2026 and NYSE ticker change to MRSH.

Oct 16, 2025, 10:33 AM

8-K

Marsh McLennan Reports Q3 2025 Results

MMC

Earnings

Share Buyback

Consolidated revenue of $6.4 billion, up 11% year-over-year (4% underlying).
GAAP operating income of $1.2 billion (+6%) and adjusted operating income of $1.4 billion (+13%).
GAAP EPS of $1.51 and adjusted EPS of $1.85, an 11% increase.
Repurchased 1.9 million shares for $400 million; announced rebrand to Marsh and creation of Business and Client Services unit.

Oct 16, 2025, 10:30 AM

Press Release

Marsh McLennan to unify operations under Marsh brand

MMC

Management Change

Marsh McLennan will consolidate all businesses under the Marsh brand and launch a new Business and Customer Service (BCS) division in January 2026 to drive innovation in operations, data, AI, and analytics.
Post-transition, Marsh and Mercer will adopt the Marsh brand, Guy Carpenter will rebrand as Marsh Re, and Oliver Wyman Group will become Marsh Management Consulting, with full rollout through 2027.
Effective January 2026, the company’s NYSE ticker will change to MRSH.
The BCS division, led by Paul Beswick, will integrate technology, data, and operations to streamline client service and enhance efficiency through AI.

Oct 14, 2025, 11:41 PM

Press Release

Marsh McLennan to rebrand as Marsh and launch new business unit

MMC

New Projects/Investments

From January 2026, Marsh McLennan will adopt the Marsh brand across the enterprise and change its ticker to MRSH to unify its market presence.
Establishes the Business and Client Services unit under CIO Paul Beswick to centralize technology, data, AI and operational excellence, aiming to drive client outcomes and efficiency.
By early 2027, all four operating segments—including Mercer and Guy Carpenter (as Marsh Re)—will transition to the Marsh brand; Oliver Wyman Group will become Marsh Management Consulting.

Oct 14, 2025, 11:15 PM

Press Release

Marsh McLennan rebrands as Marsh, launches BCS unit

MMC

Marsh McLennan will adopt the Marsh brand and change its ticker to MRSH effective January 2026.
Creates a new Business and Client Services (BCS) unit, led by Paul Beswick, to centralize technology, data, AI and operational excellence investments.
Four operating businesses will transition under the Marsh brand by 2027: Marsh and Mercer as Marsh; Guy Carpenter as Marsh Re; Oliver Wyman as “Oliver Wyman, a Marsh business”; and Oliver Wyman Group as Marsh Management Consulting.

Oct 14, 2025, 11:15 PM

Press Release

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