Core Viewpoint - CMC Metals Ltd. has announced a new Mineral Resource Estimate (MRE) for its Silver Hart Project in Yukon, Canada, indicating significant silver-lead-zinc resources that could support future mining operations [1][2]. Mineral Resource Estimate - The new MRE totals an inferred resource of 8.820 million ounces (Moz) at an average grade of 145.2 grams per tonne (g/t) silver equivalent (AgEq) from 1,889,000 tonnes of material, using a cut-off grade of 50 g/t AgEq [2]. - The MRE is compliant with the Canadian Securities Administrators' National Instrument 43-101 standards [2]. Breakdown of Resources - The resource estimate includes various zones with differing grades and tonnages: - TM Zone: 269,000 tonnes at 229.8 g/t AgEq, totaling 1.985 Moz AgEq - S Zone: 127,000 tonnes at 334.5 g/t AgEq, totaling 1.368 Moz AgEq - KL Zone: 1,026,000 tonnes at 110.9 g/t AgEq, totaling 3.659 Moz AgEq - K Zone: 265,000 tonnes at 79.8 g/t AgEq, totaling 0.680 Moz AgEq - M Zone: 202,000 tonnes at 173.6 g/t AgEq, totaling 1.128 Moz AgEq [2]. Economic and Technical Parameters - Mining cost is estimated at CAD 10.00 per tonne for all material, processing cost at CAD 25.50 per tonne of crude feed, and general and administrative (G&A) cost at CAD 5.00 per tonne of crude feed [4]. - The exchange rate is set at CAD to USD 0.75, with silver priced at USD 23.30 per ounce, lead at USD 1,892 per metric tonne, and zinc at USD 2,505 per metric tonne [4][5]. - Metallurgical recovery for all metals is estimated at 80% [5]. Development Plans - The company has a conceptual development plan for a seasonal, small-scale open pit operation, focusing on high-grade veins and mantos that are amenable to open pit mining [6]. - Plans include evaluating the use of an ore sorter to enhance ore grades, with potential processing at a nearby mill approximately 100 kilometers away [6]. - The company aims to establish partnerships with local First Nations and will begin discussions soon [6]. Exploration and Property Details - CMC Metals is actively exploring the Rancheria Silver District, which spans approximately 130 kilometers long by 50 kilometers wide, and includes the Silver Hart and Blue Heaven properties [7]. - The company has recently acquired a 100% interest in the Amy property and has optioned its Silverknife Project to Coeur Mining Inc. [7].

VANCOUVER, British Columbia, Nov. 21, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P)(“CMC” or the “Company”) is pleased to announce that it has identified additional high grade CRD-style silver-lead-zinc samples from trenches and a historic adit dump on its Amy Property in north-central British Columbia. Samples were collected from the 4200 level adit dump and surrounding area with grades up to 643 g/t silver, 18.76% lead, 8.3% zinc, and 9.7% manganese (see Figure 1). Overall in thre ...

Core Viewpoint - CMC Metals Ltd. has entered into an option agreement with Coeur Silvertip Holdings, allowing Coeur to undertake a significant exploration program on the Silverknife Property in British Columbia, with the potential to earn a 75% interest in the property [1][2][4]. Agreement Details - Coeur can earn a 75% interest in the Silverknife Property by committing a total of $4,050,000, which includes $500,000 in cash payments and $3,550,000 in exploration expenditures [2]. - The agreement outlines specific payment and expenditure milestones, with a cumulative total of $3,550,000 in exploration expenditures and $500,000 in option payments required to earn the 75% interest [2]. - Coeur has the option to purchase the remaining 25% interest for an additional $2,250,000 or enter into a joint venture arrangement with CMC [2]. Exploration Plans - Coeur will be the project operator and plans to compile existing data and conduct additional airborne geophysical surveys to identify polymetallic mineralization similar to that found at its Silvertip Mine [5]. - A five-year exploration permit is in place for the Silverknife Property, expiring on March 31, 2028 [5]. Historical Exploration Data - CMC has previously conducted a SkyTEM geophysical survey, two ground gravity surveys, and a drill program totaling 2,146.3 meters, identifying four primary CRD targets [6]. - Historical drilling at the Silverknife Prospect has shown significant mineralization, including intersections of high-grade silver, lead, and zinc [7]. Company Background - CMC Metals Ltd. focuses on high-grade polymetallic deposits in British Columbia, Yukon, and Newfoundland, with the Silverknife project being part of the emerging Rancheria Silver District [9].

With the market rocketing to all-time highs, it can feel like any stock you decide to invest in will go straight up. That could not be further from the case. There are copious risks still out there in the market. When the euphoria following the election wears off, the tide will come in. When the pullback arrives, you want to be ready to buy stocks with strong earnings trends on the dip. You’ll also want to avoid stocks which have seen their earnings move in the wrong direction.Today’s Bear of the Day is a s ...

MIAMI, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Longeveron Inc. (NASDAQ: LGVN), a clinical stage regenerative medicine biotechnology company developing cellular therapies for life-threatening and chronic aging-related conditions, today announced that it has appointed Devin Blass as Chief Technology Officer (CTO) and Senior Vice President of Chemistry, Manufacturing, and Controls (CMC), effective December 2, 2024. In this role, he will lead the Company’s technological and manufacturing strategies. “We are delighted ...

VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5N) (“CMC” or the “Company”) is pleased to announce the results of its 2024 Annual and Special General Meeting (“AGM”) of shareholders held on September 25, 2024. Shareholders approved all the resolutions detailed in the management information circular of the Company (the “Circular”), namely: Electing all the nominees to the Board of Directors of the Company.Appointing Manning Elliott LLP as auditor of t ...

IRVING, Texas, Nov. 5, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today issued a statement in response to the jury verdict reached in the Pacific Steel Group v. Commercial Metals Co. (N.D. Cal.) litigation. Pacific Steel Group ("Pacific Steel") filed this lawsuit claiming, among other things, various restraints on trade by CMC.  A trial on Pacific Steel's claims began on October 21st and concluded today with a verdict in favor of Pacific Steel in the amount of $110 million, which will be tre ...

Core Viewpoint - The Zacks Steel Producers industry is facing significant challenges due to a sharp decline in steel prices and soft demand, particularly in China, amid an economic slowdown [1][4][5]. Industry Overview - The Zacks Steel Producers industry serves various end-use sectors, including automotive, construction, and industrial machinery, with steel products such as hot-rolled and cold-rolled coils, reinforcing bars, and mechanical tubing [3]. - Steel is primarily produced using Blast Furnace and Electric Arc Furnace methods, with the construction sector being the largest consumer, accounting for approximately 50% of global steel consumption [3]. Current Challenges - U.S. steel prices have dropped over 40% from $1,200 per short ton at the beginning of 2024 to around $700 per short ton, influenced by oversupply, reduced demand, and economic uncertainties [4]. - China's steel demand has weakened due to a slowdown in the economy, particularly in the real estate sector, which constitutes about 40% of China's steel consumption [5]. Positive Trends - There is improved demand in the automotive sector, driven by a recovery from semiconductor shortages, and a resilient non-residential construction market, supported by government infrastructure initiatives [6]. - The energy sector is also seeing increased demand due to rising oil and gas prices, which bodes well for steel producers [6]. Industry Performance - The Zacks Steel Producers industry ranks 210, placing it in the bottom 16% of over 250 Zacks industries, indicating bleak near-term prospects [7]. - Over the past year, the industry has underperformed, losing 8.7%, while the S&P 500 rose by 31.5% [9]. Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 8.79X, below the S&P 500's 19.16X and the sector's 12.15X, indicating potential undervaluation [10]. - Historically, the industry has traded between 2.78X and 12.72X over the past five years, with a median of 8.27X [11]. Company Highlights - **Steel Dynamics, Inc. (STLD)**: A leading steel producer benefiting from strong non-residential construction demand and ongoing capacity expansion projects [12]. The company has a Zacks Rank 3 and has outperformed earnings estimates in three of the last four quarters [13]. - **Commercial Metals Company (CMC)**: Focused on augmenting core capabilities and expanding market presence, CMC is implementing price increases across its products and has a strong liquidity position [14]. The company also holds a Zacks Rank 3 with an expected earnings growth rate of 12.6% for fiscal 2025 [14]. - **Companhia Siderurgica Nacional (SID)**: A major integrated steel producer in Brazil, benefiting from solid demand in the cement business and infrastructure investments, with an expected earnings growth rate of 416.7% for 2024 [15]. SID also carries a Zacks Rank 3 and has seen a significant upward revision in earnings estimates [15].

I last wrote about CMC (NYSE: CMC ), previously known as the Commercial Metals Company, on August 8 of this year. In that piece I argued the firm benefitted from structural supply-side issues in the steel industry, and had An economics graduate with a passion for financial history; I apply my knowledge to markets in an effort to hopelessly predict trends and spot value. All opinions are my own and should not be taken seriously. Analyst's Disclosure: I/we have no stock, option or similar derivative position ...

Summary of Key Points Core Viewpoint - Commercial Metals Company (NYSE: CMC) has seen a decline of over 5% in its share price since a bearish recommendation was made in May of this year, suggesting a cautious outlook on the stock [1]. Company Analysis - The investment strategy focuses on acquiring undervalued, profitable stocks with strong balance sheets and minimal debt, indicating a preference for financial stability in investment choices [1]. - The company employs risk management techniques such as position sizing and trailing stop losses to mitigate potential losses over time [1]. Market Position - The current market sentiment towards CMC appears to be bearish, as indicated by the recommendation to take profits and the subsequent decline in share price [1].