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VANCOUVER, BC, March 3, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the appointment of Chad Williams to its board of directors (the "Board"). Effective immediately, Mr. Williams will replace Collin Kettell, Founder of New Found, who is stepping off the Board.Mr. Williams is the Chairman and Founder of Red Cloud Mining Capital Inc. He has extensive experience in mining finance and management, having previously held the positions of ...

Core Insights - The article discusses the advantages of stock buybacks over dividend payouts as a method for companies to reward shareholders, emphasizing that buybacks allow for reinvestment of capital and avoidance of double taxation [2][3]. Barrick Gold - Barrick Gold management has approved a new buyback program worth up to $1 billion, representing approximately 3.2% of the company's current market capitalization [4]. - Analysts forecast a 12-month stock price of $23.75 for Barrick Gold, indicating a potential upside of 33.92% based on 12 analyst ratings [5]. - The stock's value is expected to rise due to strong performance in gold prices, which could enhance margins and earnings per share (EPS) [6]. - Raymond James analysts have reiterated an outperform target for Barrick Gold, with a new price target of $24 per share, suggesting a potential 30% upside from current prices [7]. Lyft - Lyft management announced a stock buyback of up to $500 million, which represents about 9.3% of the company's market capitalization, indicating strong confidence in the company's future [10]. - The gross margin rate for Lyft is reported at 35.3%, allowing for more efficient reinvestment of capital [11]. - Jacobs Levy Equity Management increased their holdings in Lyft by 15.1%, reflecting bullish sentiment among investors [12]. - Analysts forecast a 12-month stock price of $17.22 for Lyft, with a potential upside of 28.93% based on 38 analyst ratings [10]. Tractor Supply - Tractor Supply has a buyback program of up to $1 billion, even as the stock trades at 90% of its 52-week high, indicating management's belief in the stock's undervaluation [15]. - The company has delivered a return on invested capital (ROIC) of up to 15% over the past 12 months, outperforming expected average annual returns from the S&P 500 [14]. - Analysts forecast a 12-month stock price of $59.22 for Tractor Supply, suggesting a potential upside of 6.96% based on 21 analyst ratings [14]. - The Wall Street EPS forecast for Tractor Supply is projected to reach $1.97 for the second quarter of 2025, a significant increase from the current $0.44 [16].

Core Viewpoint - GoldMining Inc. has announced an updated Mineral Resource Estimate (MRE) for its São Jorge Project in Brazil, highlighting significant exploration potential and plans for an expanded 2025 exploration campaign [1][4]. Updated Mineral Resource Estimate - The updated Indicated resource for the São Jorge deposit is estimated at 19.42 million tonnes (Mt) with an average grade of 1.00 gram per tonne gold (g/t Au), containing approximately 624,000 ounces (oz) of gold [6][10]. - An additional Inferred resource of 5.56 Mt at an average grade of 0.72 g/t Au is estimated to contain approximately 129,000 oz Au [6][10]. - The MRE is based on a long-term average gold price of US$1,950/oz Au and is reported within a conceptual pit design shell [6][8]. Exploration Potential - The São Jorge deposit is located within a 12 km x 7 km area of elevated surface geochemical anomalies, indicating broader exploration potential [6][11]. - The company has expanded its land package to 46,485 hectares (ha) by acquiring an additional 488.45 ha [6][19]. - High-grade auger drill intercepts from the 2024 drilling program include results such as 1 meter at 17.14 g/t Au and 5 meters at 2.78 g/t Au [6][20]. 2025 Exploration Plans - The company plans to double its exploration activities in 2025 compared to 2024, focusing on high-priority targets within the São Jorge mineral system [4][6]. - Follow-up drilling programs are planned to systematically explore areas with high-grade auger drill intercepts and significant soil anomalies [6][18]. Geological Context - The São Jorge deposit is classified as a granite-hosted, intrusion-related gold deposit, similar to other known deposits in the region [11]. - The geological model has been revised based on 2024 drilling results, enhancing the understanding of gold mineralization controls [12][14]. Technical Report - An independent Technical Report prepared by SLR Consulting supports the updated MRE and is available for public access [7][8].

Core Insights - Allied Gold Corporation has formed a strategic partnership with Ambrosia Investment Holding to enhance the value of its Sadiola mine in Mali and strengthen its financial position [1][2][3] Partnership Overview - The partnership aims to leverage Ambrosia's regional expertise and influence in Africa, particularly through the United Arab Emirates, to complement Allied's operational and technical capabilities [2][9] - The transaction is expected to provide over US$500 million in total proceeds, including approximately US$250 million in upfront cash, significantly enhancing Allied's financial flexibility [3][5] Project Developments - The Kurmuk project in Ethiopia is projected to start production in mid-2026, targeting approximately 290,000 gold ounces annually for the first four years and 240,000 ounces over its mine life [4][10] - The phased expansion at the Sadiola mine aims to increase production from approximately 170,000 ounces in 2023 to a range of 200,000 to 230,000 ounces per year, with further expansions targeting 400,000 ounces annually by late 2028 [4][10] Financial Implications - The partnership will create a robust balance sheet for Allied, supporting its growth plans and allowing for optimized capital allocation for the Sadiola mine expansion [3][9] - The upfront cash payment and deferred consideration from the Mali transaction will provide immediate value realization for shareholders, valuing Allied's 80% interest in the Sadiola mine at US$750 million [9][10] Energy Solutions - A power supply agreement with ATGC LLC will provide a renewable energy solution to the Sadiola mine, expected to reduce operating costs and improve environmental performance [6][9] Strategic Rationale - The partnership is anticipated to enhance Allied's ability to pursue significant value-creation opportunities in West Africa, leveraging Ambrosia's relationships and expertise [9][10] - The collaboration is seen as a unique transaction, combining Canadian mining expertise with Emirati investment in Mali, aiming for long-term growth and operational efficiency [10][11]

Core Insights - New Found Gold Corp. will participate in several industry conferences to promote its 100% owned Queensway Gold Project in Newfoundland and Labrador, Canada [1][2] - The company is entering a new phase of growth, with an initial mineral resource estimate and a preliminary economic assessment expected to be released in Q2 2025 [2] Conference Participation - New Found's CEO, Keith Boyle, and VP Communications, Fiona Childe, will attend the BMO Global Metals, Mining and Critical Metals Conference from February 23 to 26, 2025, where Boyle will present on February 26 at 10:30 am [3] - The company will also participate in the Red Cloud Pre-PDAC 2025 Mining Showcase in Toronto from February 27 to 28, 2025, with a presentation scheduled for February 28 at 1:40 pm [4] - At PDAC 2025, New Found will engage in multiple events, including Canada's Atlantic Edge, with Boyle presenting on March 4 at 10:40 am [5] - The team will be present at the Investors Exchange from March 2 to 5, 2025, and will showcase new drill core samples at the Core Shack on March 4 and 5 [6][7] - Additionally, the company will attend the 37th Annual ROTH Conference in Dana Point, CA, from March 16 to 18, 2025, featuring various meetings and discussions [8] Project Overview - New Found Gold holds a 100% interest in the Queensway Project, located 15 km west of Gander, Newfoundland and Labrador, with easy access to infrastructure and a skilled workforce [9] - The company is currently conducting a 650,000-meter drill program at the Queensway Project [10]

Core Viewpoint - Rua Gold Inc. has successfully closed a brokered public offering, raising C$5.75 million through the issuance of 9,583,410 common shares at a price of C$0.60 per share, including the full exercise of the over-allotment option [1][2][3] Group 1: Offering Details - The offering generated aggregate gross proceeds of C$5,750,046 and was fully subscribed [1] - The net proceeds will be utilized for the exploration program on the Reefton Project and for general corporate purposes [2] - The offering was completed under an agency agreement with Cormark Securities Inc. as the sole agent [3] Group 2: Financial Arrangements - The Company paid a cash fee of C$269,999 to the agent and issued 575,004 broker warrants, each exercisable at C$0.60 for 24 months [4] - Insiders subscribed for a total of 1,890,109 common shares, which is considered a related party transaction [6][7] Group 3: Company Background - Rua Gold is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which has historically produced over 2 million ounces of gold [9][10] - The Glamorgan Project further establishes Rua Gold's position as a leading high-grade gold explorer in New Zealand, adjacent to significant mining operations [11]

Core Viewpoint - Allied Gold Corporation has provided its 2025 operating guidance, projecting a significant increase in gold production and outlining its medium-term outlook, including updates on Mineral Reserves and Mineral Resources [1][2]. 2025 Guidance - The company anticipates producing between 375,000 and 400,000 ounces of gold in 2025, marking a year-over-year increase, with the higher end of the range dependent on increasing oxide ore feed from the Hire area at Agbaou [3][4]. - Production is expected to be back-half weighted, with a first-half/second-half split of 45%/55%, and Q4 2025 production projected to be 56% higher than Q1 2025 [4][9]. Cost Projections - The projected mine-site level All-In Sustaining Costs (AISC) for 2025 are estimated to be between US$1,690 and US$1,790 per ounce, reflecting operational improvements at Bonikro and Sadiola [5][9]. - Cash costs for Sadiola are projected at US$1,630 to US$1,715 per ounce, while Bonikro's cash costs are expected to be between US$1,230 and US$1,300 per ounce [6]. Capital Expenditures - Total capital expenditures for 2025 are expected to be US$352 million for expansionary capital and US$100 million for sustaining capital, with significant investments in production stripping at Bonikro and Agbaou [7][8]. - Bonikro is anticipated to incur US$60 million in capital expenditures related to production stripping, which is expected to enhance future cash flows [7]. Production Outlook 2026-2027 - Sadiola's production is expected to increase to between 200,000 and 230,000 ounces annually in 2026 and 2027, driven by additional oxide ores and higher-grade fresh rock [11][13]. - Bonikro aims for stable production averaging 100,000 ounces annually, with potential reductions in AISC below US$1,500 starting in 2026 due to waste stripping [14]. Mineral Reserves and Resources Update - As of December 31, 2024, Proven and Probable Mineral Reserves were reported at 10.8 million ounces of gold, with total Measured and Indicated Mineral Resources at 15.7 million ounces [18][31]. - The company has adopted more conservative assumptions regarding operational factors to improve ore control and predictability of operations [17]. Upcoming Events - The company will release its fourth quarter and year-end 2024 operational and financial results on March 26, 2025, followed by a conference call on March 27, 2025 [24].

Core Viewpoint - New Gold Inc. demonstrated strong cost discipline in 2024, achieving all-in sustaining costs below guidance and generating significant free cash flow while continuing to invest in growth projects [2][5][6]. Financial Highlights - Full year 2024 production totaled 298,303 gold ounces at all-in sustaining costs of $1,239 per gold ounce, beating the low end of the guidance range [1][3]. - Revenue for Q4 2024 was $262.2 million, up from $199.2 million in Q4 2023, and full year revenue increased to $924.5 million from $786.5 million [3]. - Operating expenses decreased to $112.4 million in Q4 2024 from $120.8 million in Q4 2023, contributing to improved net earnings of $55.1 million compared to a loss of $27.4 million in the prior year [3][6]. - Free cash flow for 2024 was $84.9 million, significantly higher than $16.6 million in 2023 [3][5]. Operational Highlights - Q4 2024 gold production was 80,438 ounces, a slight increase from 79,187 ounces in Q4 2023, while copper production rose to 14.5 million pounds from 12.0 million pounds [4][5]. - All-in sustaining costs for Q4 2024 were $1,018 per gold ounce, a 31% decrease from the prior year [5][9]. - The New Afton Mine achieved its lowest all-in sustaining costs of the year in Q4 2024, while Rainy River Mine faced production challenges due to mechanical downtime [5][19]. Cost Management - The company maintained strong cost performance, with operating expenses per gold ounce sold decreasing to $1,093 in Q4 2024 from $1,154 in Q4 2023 [4][8]. - All-in sustaining costs per gold ounce sold on a by-product basis for the full year were well below the guidance range of $1,425 to $1,525 [9][19]. - Sustaining capital expenditures for the year were $87.5 million, down from $121.6 million in 2023, reflecting efficient capital management [4][11]. Growth and Investment - New Gold invested over $270 million in total capital in 2024, including $184 million in growth capital, which facilitated the advancement of key projects [5][11]. - The company is focused on increasing production in the coming years through ongoing exploration and development initiatives [1][2].

Core Viewpoint - New Found Gold Corp. has made significant management changes, appointing Dr. Fiona Childe, Dr. Jared Saunders, and Robert Assabgui to key positions, while also announcing the resignations of Greg Matheson and Ron Hampton. These changes are aimed at advancing the company's strategic goals, particularly regarding the Queensway Project [1][2][3][5]. Management Appointments - Dr. Fiona Childe has been appointed as Vice President, Communications and Corporate Development, bringing over 25 years of experience in the mining industry, focusing on capital markets and corporate development [6]. - Dr. Jared Saunders has been promoted to Vice President, Sustainability, leveraging his two decades of experience in environmental sciences and his previous role as Director of Environment and Regulatory Affairs [7]. - Robert Assabgui has been appointed as Study Manager, with a strong background in project management and engineering within the mining sector [8]. Resignations - Greg Matheson, the Chief Operating Officer, will resign effective February 28, 2025, but will continue to support the company as an advisor [3][4]. - Ron Hampton, the Chief Development Officer, has stepped down immediately, with the company expressing gratitude for his contributions [5]. Upcoming Milestones - The company plans to release a maiden mineral resource estimate for the Queensway Project in early Q2 2025, followed by a preliminary economic assessment later in the same quarter [2]. - New Found Gold Corp. is currently conducting a 650,000-meter drill program at the Queensway Project, which is strategically located near Gander, Newfoundland and Labrador [9].