VANCOUVER, BC, May 9, 2025 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX:GAU) (NYSE American: GAU) advises its Annual General Meeting of shareholders ("AGM") will be held virtually on Thursday, June 12, 2025, at 10:00 am PDT. Shareholders who intend to participate in the AGM should refer to the Company's management information circular (the "Proxy Circular") for details regarding how to participate.The AGM is being held to: (i) receive the audited financial statements of the Company for ...

Investment Rating - Industry Rating: Recommended [4] Core Insights - The report indicates a significant decrease in gold and copper production and sales in Q1 2025, with gold production down 30% and copper production down 31% compared to the previous quarter [1][2] - The average realized price for gold increased by 9% quarter-over-quarter and 40% year-over-year, while copper's average realized price rose by 14% quarter-over-quarter and 17% year-over-year [2][6] - The net profit for Q1 2025 was reported at $474 million, a 52% decrease from the previous quarter but a 61% increase year-over-year [6][7] Production and Sales Summary - Gold production in Q1 2025 was 758,000 ounces (23.58 tons), a 30% decrease from the previous quarter and a 19% decrease year-over-year [1][18] - Gold sales totaled 751,000 ounces (23.36 tons), down 22% quarter-over-quarter and 17% year-over-year [1][18] - Copper production was 44,000 tons, a 31% decrease from the previous quarter but a 10% increase year-over-year [2][18] - Copper sales reached 51,000 tons, down 6% quarter-over-quarter but up 31% year-over-year [2][18] Financial Performance - Total revenue for Q1 2025 was $3.13 billion, a 14% decrease from the previous quarter but a 14% increase year-over-year [6][18] - The cost of sales was $1.785 billion, down 11% quarter-over-quarter and 8% year-over-year [6][18] - Adjusted net earnings for Q1 2025 were $603 million, a 24% decrease from the previous quarter but an 81% increase year-over-year [7][18] Key Business Developments - The Loulo-Gounkoto project was temporarily suspended due to operational disputes and restrictions on gold transportation imposed by the Malian government [8][9] - Barrick announced the sale of its 50% stake in the Donlin gold project for $1 billion, with the transaction expected to close in Q2 or Q3 2025 [10] - The company changed its name from Barrick Gold Corporation to Barrick Mining Corporation, effective May 6, 2025 [11] - A new stock buyback plan was approved, allowing for the repurchase of up to $1 billion in common shares over the next 12 months [12] 2025 Guidance - Excluding Loulo-Gounkoto, gold production is expected to be between 3.15 million and 3.50 million ounces in 2025 [13][20] - The company maintains its cost guidance for gold, with total cash costs projected between $1,050 and $1,130 per ounce [15][20] - Copper production is anticipated to be between 200,000 and 230,000 tons in 2025 [16][20]

TORONTO, May 8, 2025 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") announces that, following the requisite approval of the Company's shareholders at the 2025 Annual General and Special Meeting of Shareholders held earlier today, the Company's board of directors has approved the consolidation (the "Consolidation") of the Company's issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every three ( ...

TORONTO, May 8, 2025 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) herein announces the results of the votes cast at the annual and special meeting of shareholders of the company held today for the election of directors, the appointment of auditors, and the approval of the share consolidation.  Detailed results of the votes are presented below.Voting results for the election of directors are as follows: Votes By Poll Outcome of Vote Votes For Votes Withheld (1)     John Bear ...

Core Viewpoint - The gold mining industry, particularly AngloGold Ashanti and Barrick Mining, is experiencing significant growth driven by rising gold prices, which have increased by 28% this year due to safe-haven demand amid geopolitical uncertainties and economic factors [1][2]. Group 1: Company Overview - AngloGold Ashanti operates 11 assets across various countries and recently acquired Centamin, enhancing its portfolio with a Tier 1 asset capable of producing 500,000 ounces annually [4][5]. - Barrick Mining is advancing key growth projects and has a strong pipeline of opportunities, including a focus on copper to diversify its operations [9][11]. Group 2: Production and Financials - AngloGold Ashanti's total gold production for 2024 was 2.661 million ounces, with projections for 2025 between 2.9-3.225 million ounces [5]. - Barrick Mining reported gold production of 758,000 ounces in Q1 2025, exceeding its guidance, and is on track to produce 3.15-3.5 million ounces for the year [10][11]. Group 3: Cost and Dividend Policies - AngloGold Ashanti's total cash costs per ounce rose 4% year-over-year to $1,157, while all-in-sustaining costs increased to $1,611 per ounce [7]. - Barrick Mining's cash costs per ounce increased by approximately 16%, with AISC rising by 20% year-over-year in Q1 2025 [13]. Group 4: Market Performance and Valuation - Year-to-date, AngloGold Ashanti's stock has surged 85.2%, outperforming the industry, while Barrick Mining's stock has gained 23.4% [16]. - AngloGold Ashanti is trading at a forward earnings multiple of 11.89X, while Barrick Mining is at 10.93X, indicating differing valuations [18]. Group 5: Analyst Estimates and Recommendations - The Zacks Consensus Estimate for AngloGold Ashanti's 2025 earnings is $3.48, reflecting a 57.5% year-over-year growth, while Barrick Mining's estimate is $1.66, indicating a 31.75% increase [14][15]. - Analysts suggest Barrick Mining may be a more attractive investment due to its higher payout ratio, active share repurchase program, and favorable price targets compared to AngloGold Ashanti [22][23].

Shares of Barrick Gold (GOLD) have gained 3.2% over the past four weeks to close the last trading session at $19.40, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $24.39 indicates a potential upside of 25.7%.The mean estimate comprises 16 short-term price targets with a standard deviation of $2.90. While the lowest estimate of $21 indicates an 8.3% increase from the current pr ...

Barrick Gold Corporation (GOLD) recorded net earnings (on a reported basis) of $474 million or 27 cents per share for first-quarter 2025. The figure improved from a profit of $295 million or 17 cents per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 35 cents. The figure beat the Zacks Consensus Estimate of 29 cents.Barrick recorded total sales of $3,130 million, up roughly 13.9% year over year.(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)G ...

Core Viewpoint - Gold Royalty Corp. reported continued year-over-year revenue growth and positive operating cash flow for Q1 2025, driven by advancements in key assets within its portfolio, including the Borborema mine which achieved initial production [2][5]. Financial Highlights - Total revenue for Q1 2025 was $3.138 million, up from $2.894 million in Q1 2024, representing an increase of approximately 8.4% [5]. - The net loss decreased to $1.255 million in Q1 2025 from $1.405 million in Q1 2024, indicating improved financial performance [5]. - Cash provided by operating activities was $2.487 million, a significant increase from $336,000 in the same quarter of the previous year [5]. - Adjusted EBITDA for Q1 2025 was $1.663 million, down from $2.020 million in Q1 2024 [5]. Portfolio Update - The Borborema Project is expected to produce between 33,000 to 40,000 ounces of gold in 2025, with initial production achieved in Q1 2025 [7][8]. - The company anticipates achieving a total of 5,700 to 7,000 Gold Equivalent Ounces (GEOs) in 2025, with production weighted towards the second half of the year [34][35]. - The Côté Gold Mine has achieved record throughput, with IAMGOLD targeting to reach nameplate capacity by the end of 2025 [14][35]. Operational Efficiency - The company maintains low operating costs, with only approximately $0.02 million spent on maintaining mineral interests in Q1 2025 [33]. - The royalty generator model has successfully added two new royalties in the first quarter of 2025, contributing to the overall growth strategy [32]. Future Outlook - The company expects to achieve positive free cash flow in 2025 as several cash-flowing projects ramp up, including the Côté Gold mine and Vareš mine [35]. - The forecast for 2025 includes an assumed gold price of $2,668 per ounce and a copper price of $4.23 per pound, supporting the growth outlook [34].

Core Insights - Allied Gold Corporation reported first quarter 2025 production of 84,040 gold ounces with total cost of sales, cash costs, and All-in Sustaining Costs (AISC) per ounce sold at $1,838, $1,656, and $1,811 respectively, aligning with mine plans and positioning the company to meet its annual guidance [1][9][15] Financial Results Highlights - First quarter net earnings were $15.1 million or $0.05 per share, with adjusted earnings of $45.1 million or $0.14 per share [9][54] - Revenue for the quarter was $346.4 million, significantly up from $175.1 million in the same period last year [54] - The company generated net cash from operating activities of $121.1 million, with EBITDA of $103.2 million and adjusted EBITDA of $133.8 million [9][54] Operational Highlights - The Sadiola mine produced 45,232 ounces, Bonikro produced 19,671 ounces, and Agbaou produced 19,137 ounces during the quarter [9][52] - The company is advancing the Kurmuk Project, with $56.2 million spent in the first quarter, and is on track to commence production by mid-2026 [4][50][51] - The first phase of expansion at Sadiola is progressing on schedule and budget, with expected production of 200,000 to 230,000 ounces per year post-expansion [6][26] Growth Initiatives - The company is pursuing a listing on the New York Stock Exchange (NYSE) to enhance financial flexibility and broaden its shareholder base, with an expected listing by mid-June 2025 [8] - A strategic partnership with Ambrosia Investment Holding is being developed to enhance power supply and support expansion plans at Sadiola [11][12] - The company is also exploring additional opportunities for optimization and expansion at Sadiola, including metallurgical test work to improve recoveries [27][28] Sustainability and Safety - The company reported no significant environmental incidents and a Total Recordable Injury Rate (TRIR) of 0.40 for the quarter, an improvement from 1.40 in the prior year [16] - Over one million man-hours were achieved without a Lost Time Injury, reflecting a commitment to safe operations [55]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...