Olive Resource portfolio value at $14.53M at Nov. 30

Executive Summary

• Olive Resource Capital Inc. reported its investment performance for the period ending November 30, 2025, noting a strong month for the commodity complex with significant gains in gold and copper equities.
• The company’s portfolio rallied in November, erasing October losses and bringing the year-to-date investment performance to a positive 126% gain for 2025.
• The company holds one million common shares in treasury pending cancellation as part of a Normal Course Issuer Bid (NCIB), with 106,144,709 common shares outstanding as of the release date.

Key Details

• Investment Performance: The portfolio moved into positive territory for Q4 2025, driven by rallies in copper and gold.
• Year-to-Date Returns: Olive is up 126% on its investments in 2025.
• Market Commentary: President Samuel Pelaez noted that gold and copper rose strongly, with equities outperforming commodities. Oil equities also posted strong positive performance despite negative sentiment for the commodity.
• Trading Activity: The company was a net buyer of equities for the month of November.
• Outstanding Shares: 106,144,709 common shares outstanding as of the date of the news release.
• Treasury Shares: One million common shares held in treasury pending cancellation under the Normal Course Issuer Bid (NCIB).

Notable Quotes

• Samuel Pelaez, President, CEO, CIO, and Director: "November was a strong month for the commodity complex. Gold and copper rose strongly, with the equities outperforming the commodity. In oil, despite negative sentiment for the commodity, the equities posted strong positive performance. With strong global liquidity continuing and the weak seasonal fall period coming to an end, at Olive, we were net buyer of equities for the month. We are looking ahead to the first months of the new year, which are historically associated with strong performance for the commodity complex."
• Derek Macpherson, Executive Chairman: "With copper and gold rallying, Olive's portfolio rallied, erasing the small losses from October and moving Olive's investment performance into positive territory for Q4 2025 despite a challenging October. Olive is now up 126 per cent on its investments in 2025."