Group 1 - Gold prices have significantly increased in 2025, with the precious metal on track for its best quarterly performance since 1986, according to Bloomberg [1] - The current price of gold is over $3100 per troy ounce [1]

Core Insights - G2 Goldfields Inc. has made a significant gold discovery at the OKO Project in Guyana, with an updated mineral resource estimate of 1.5 million ounces of gold (Indicated) and 1.6 million ounces of gold (Inferred) [1][11] - The exploration program covers 83,967 acres of exploration rights in Guyana, indicating a strong commitment to district-scale exploration [1] Exploration and Discovery - Stream sediment sampling in 2023 and 2024 revealed highly anomalous gold values, leading to follow-up soil sampling that outlined gold zones in a 1400m x 900m area [2] - An initial eight-hole diamond drilling program targeted mapped shear zones, with four out of five holes intercepting shallow gold mineralization over a 420m strike length [2][4] - All mineralized intercepts are located within 60m of the surface, and the mineralized zone remains open in all directions [4] Assay Results - Significant assay results from the drilling program include: - AMD-1: 11.9m at 2.2 g/t Au - AMD-2: 6.9m at 4.3 g/t Au - AMD-8: 24.0m at 2.0 g/t Au [3] Mineral Resource Estimate - The updated mineral resource estimate includes: - 808,000 oz. Au (Indicated) at 7.98 g/t Au - 1,024,500 oz. Au (Inferred) at 2.64 g/t Au - 663,400 oz. Au (Indicated) at 2.01 g/t Au [11][15] Financial and Corporate Developments - G2 Goldfields plans to spin out G3 Goldfields Inc. with an increased cash distribution of C$15 million to shareholders [6][16] - The company currently holds cash exceeding C$37 million, positioning it well for ongoing exploration efforts [12]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: AngloGold Ashanti (AU) - AngloGold Ashanti currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [3][4]. - The stock has shown significant price appreciation, with a 34.85% increase over the past quarter and a 46.43% gain over the last year, compared to the S&P 500's -6.51% and 10.78% respectively [7]. Performance Metrics - Over the past week, AU shares increased by 2.38%, while the Zacks Mining - Gold industry rose by 3.64%. The monthly price change for AU is 0.12%, compared to the industry's 4.82% [6]. - The average 20-day trading volume for AU is 2,505,877 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, one earnings estimate for AU has increased, raising the consensus estimate from $3.07 to $3.83 for the full year, with no downward revisions noted [10]. - For the next fiscal year, one estimate has also moved upwards, indicating positive sentiment regarding future earnings [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, AU is positioned as a promising investment opportunity with a Momentum Score of B and a Zacks Rank of 1 (Strong Buy) [12].

Market Overview - Major indexes experienced a significant decline, with the Dow down -4% over the past five trading days, shedding -537 points (-1.3%) today, the S&P 500 down -77 points (-1.4%), the Nasdaq down -345 points (-2%), and the Russell 2000 down -32 points (-1.6%) [1] - The first full month of the second Trump administration has been challenging for the markets, with the Dow down -8.7%, the S&P 500 down -9.7%, the Nasdaq down -13.3%, and the Russell 2000 down -12.6% [2] Tariff Impact - President Trump's announcement of potential +200% tariffs on alcoholic beverages from the EU triggered a market decline, with the Dow reaching session lows down -600 points before a brief recovery [3] Gold Market - Gold futures rose +1.7%, nearing $3000 per ounce, indicating its role as a hedge against the declining stock market. Gold mining stocks Anglogold (AU) and DRDGOLD (DRD) saw increases of +2.5% and +2% respectively [4] Company Earnings Reports - DocuSign (DOCU) reported Q4 earnings of 86 cents per share, beating estimates by 2 cents, with revenues of $776.3 million surpassing the $760 million estimate, marking an 8% year-over-year revenue growth [5] - Ulta Beauty (ULTA) exceeded earnings expectations with $8.46 per share compared to the forecast of $7.10, and revenues of $3.49 billion. However, comparable sales increased only +1.5%, and the full-year earnings guidance was lowered [6]

Core Viewpoint - G2 Goldfields Inc. has appointed Jacqueline Wagenaar as VP of Investor Relations and promoted Roopesh Sukhu to VP of Business Development - Guyana, aiming to enhance its capital markets strategy and regional growth initiatives, respectively [1][2][5]. Company Appointments - Jacqueline Wagenaar will lead the capital markets program and the proposed spin-out of G3 Goldfields Inc., which includes G2's interest in non-core assets [2][5]. - Roopesh Sukhu will focus on regional growth through land identification, acquisitions, and partnerships, while also managing tenement and government relations [2][4]. Executive Backgrounds - Jacqueline Wagenaar has over 17 years of capital markets experience, previously leading successful investor relations at Solaris Resources Inc. and Guyana Goldfields Inc. [3]. - Roopesh Sukhu, with over 15 years in mining exploration and resource modeling, has been with G2 since April 2022 and has played a key role in exploration activities [4]. Strategic Initiatives - The proposed spin-out of G3 Goldfields Inc. was approved at the annual general meeting and is expected to be completed in Q1 2025, pending regulatory approvals [5]. - The spin-out aims to unlock value from non-core assets and is part of G2's broader corporate strategy [2][5]. Financial Position - G2 Goldfields currently holds cash exceeding C$37 million, positioning the company well for its regional exploration program [9]. Mineral Resource Estimates - An updated mineral resource estimate for the Oko property indicates significant potential, with resources lying within 500 meters of the surface [7][8]. - The Oko Main Zone has an inferred resource of 495,000 ounces of gold at a grade of 6.38 g/t and an indicated resource of 686,000 ounces at 9.03 g/t [14].

Group 1 - AngloGold Ashanti closed at $33.24, with a +0.24% change from the previous day, underperforming the S&P 500 which gained 1.04% [1] - The stock has increased by 22% over the past month, outperforming the Basic Materials sector's gain of 7.68% and the S&P 500's gain of 3.92% [1] - The investment community is closely monitoring the upcoming earnings performance of AngloGold Ashanti, with recent analyst estimate revisions indicating positive sentiment [2] Group 2 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 rated stocks averaging a +25% annual return since 1988 [4] - AngloGold Ashanti currently holds a Zacks Rank of 1 (Strong Buy), with a consensus EPS projection that has increased by 24.96% in the last 30 days [4] - The company is trading at a Forward P/E ratio of 8.66, which is below the industry average of 11.92, indicating it is undervalued compared to its peers [5] Group 3 - The Mining - Gold industry, which includes AngloGold Ashanti, has a Zacks Industry Rank of 83, placing it in the top 34% of over 250 industries [5] - Research indicates that industries in the top 50% of the Zacks Industry Rank outperform those in the bottom half by a factor of 2 to 1 [6]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: AngloGold Ashanti (AU) - AngloGold Ashanti currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, AU shares increased by 4.04%, while the Zacks Mining - Gold industry rose by 4.55% [5] - In a longer timeframe, AU's monthly price change is 20.98%, outperforming the industry's 8.8% [5] - Over the past quarter, AU shares have surged by 31.89%, and over the last year, they have gained 80.84%, compared to the S&P 500's increases of 1.24% and 22.19% respectively [6] Trading Volume - The average 20-day trading volume for AU is 2,296,454 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, two earnings estimates for AU have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.50 to $2.81 [9] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [9] Conclusion - Considering the positive momentum indicators and earnings outlook, AU is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]

Industry Overview - Gold had a significant performance in 2024, with prices increasing over 27%, outperforming the S&P 500's 23% growth, marking the largest annual jump in 14 years [1] - Historically, gold prices tend to rise when bonds become less attractive, particularly in low-interest-rate environments, leading to increased gold investments [2] Current Market Trends - On February 3, spot gold reached $2,816.53 per ounce, briefly hitting an all-time high of $2,818.58, while U.S. gold futures rose to $2,855.90 [3] - The surge in gold prices is attributed to investors seeking safe-haven assets amid geopolitical tensions, including tariffs imposed by the U.S. on Canada, Mexico, and China, which heightened inflation fears [4] Central Bank Activity - Central banks, especially in emerging markets, have significantly increased gold purchases to reduce reliance on the U.S. dollar, providing a solid support base for gold prices [5] Future Predictions - Analysts predict that gold prices may exceed $3,000 per ounce by mid-next year, indicating strong growth potential for gold mining stocks [5] Company Highlights - **AngloGold Ashanti plc (AU)**: Expected earnings growth rate of 36.5% for the next year, with a 12.4% improvement in current-year earnings estimates over the past 60 days; Zacks Rank 1 [6] - **New Found Gold Corp. (NFGC)**: Expected earnings growth rate of 42.4% for the current year, with a 17.4% improvement in current-year earnings estimates over the past 60 days; Zacks Rank 2 [7] - **Gold Fields Limited (GFI)**: Expected earnings growth rate of 108.6% for the current year, with a 16.2% improvement in current-year earnings estimates over the past 60 days; Zacks Rank 1 [8] - **Orla Mining Ltd. (ORLA)**: Expected earnings growth rate of 53.3% for the current year, with a 15% improvement in current-year earnings estimates over the past 60 days; Zacks Rank 1 [9]

Core Viewpoint - AngloGold Ashanti plc is benefiting from record gold prices, with significant earnings growth expected in 2024 and 2025, driven by tight cost controls and increased free cash flow [1][5][6]. Financial Performance - In Q3 2024, AngloGold Ashanti reported earnings of $0.56, missing the Zacks Consensus by $0.08, with an average gold price received of $2,449 per ounce, up 28% from $1,908 in Q3 2023 [3]. - The company experienced a 17-fold increase in free cash flow to $347 million, up from $20 million the previous year, with free cash flow per ounce at $540 [4]. Earnings Estimates - Analysts have raised full-year 2024 earnings estimates to a consensus of $2.81, reflecting a growth of 2,654% from a loss of $0.11 last year [5]. - For 2025, the earnings consensus has increased to $3.83, indicating further growth of 36.5% [6]. Market Performance - In 2025, AngloGold Ashanti's shares have increased by 24.1% year-to-date, significantly outperforming the Gold ETF, which has risen by only 5.3% [7]. - The company is trading at a forward P/E of 7.8, indicating it is undervalued, with a dividend yield of 1.5% [7]. Strategic Positioning - The acquisition of Centamin plc in November 2024 added the Sukari gold mine in Egypt and exploration interests in Egypt and Cote d'Ivoire, enhancing the company's operational footprint [2].

Core Points - G2 Goldfields Inc. announced the approval of the spin-out of certain non-core assets into a wholly owned subsidiary, G3 Goldfields Inc., during its annual general and special meeting of shareholders [1][4] - A total of 152,211,687 common shares were voted, representing approximately 63.50% of the outstanding shares [2] - The spin-out is anticipated to be completed in Q1 2025, subject to final court and regulatory approvals [5] Voting Results - The election of directors received significant support, with J. Patrick Sheridan receiving 93.20% approval and Daniel Noone receiving 96.75% [3] - The approval of the spin-out plan was overwhelmingly supported, with 99.94% of votes in favor [3] - The re-appointment of MNP LLP as auditors was approved unanimously [3] Upcoming Events - A court hearing for the final order to approve the arrangement is scheduled for January 30, 2025 [4] - The completion of the spin-out remains contingent on approvals from the Ontario Superior Court of Justice and the Toronto Stock Exchange [5] Company Background - G2 Goldfields has a team responsible for the discovery of millions of ounces of gold in Guyana and the development of the Aurora Gold Mine, the largest gold mine in Guyana [6] - The company has cash holdings exceeding C$38 million, positioning it well for future exploration [9]