Olive Resource's portfolio slips 4.9% in October

Executive Summary

• Olive Resource Capital Inc. provided an update on its investment portfolio performance for the period ending October 31, 2025.
• The company reported a portfolio decline of 4.9% for the month, attributing this to market volatility and pullbacks in some of its best-performing stocks, while noting that other investments outperformed.
• Management highlighted strong performance in gold and copper prices during October, despite overall equity market volatility and negative returns for gold equities specifically.

Key Details

• Reporting Period: October 1, 2025, to October 31, 2025.
• Portfolio Performance: Investments were down 4.9% for the month.
• Market Context:
  • Gold and copper prices rose strongly.
  • Oil prices posted a minor decline.
  • Equities generally tracked commodities with significant intramonth volatility spikes.
  • Gold equities were negative for the month, following two strong months of outperformance.
• Outstanding Shares: 106,144,709 common shares as of the date of the release.
• Strategic Outlook: Management is actively scouting investment opportunities for the end of the year, citing historical strong performance for the commodity complex in the first months of the new year.

Notable Quotes

• Samuel Pelaez (President, CEO, CIO, and Director): "October was a volatile month. History confirms that October is the month with the highest volatility, and this year proved no exception... As we near the end of the weak seasonal fall period, at Olive we are actively scouting opportunities for investment into the end of the year. The first months of the new year are historically associated with strong performance for the commodity complex."
• Derek Macpherson (Executive Chairman): "Despite a challenging market, and some of Olive's best-performing stocks in 2025 pulling back, Olive was able to weather the volatility, with investments only down 4.9 per cent, as other investments outperformed. This speaks to the quality of Olive's overall portfolio."