TORONTO, Aug. 19, 2024 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) ("Allied" or the "Company") is pleased to announce that Kurmuk Gold Mine PLC ("KGM"), its subsidiary that owns the Kurmuk Gold Project in Ethiopia, has entered into a definitive Power Purchase Agreement ("PPA") with Ethiopian Electric Power ("EEP") to secure a reliable, competitive, and sustainable energy supply for the Kurmuk Gold Project throughout the life of the mine. This is an important milestone in the project's development, as ...

TORONTO, Aug. 14, 2024 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) ("Allied" or the "Company") is pleased to announce the closing of its previously announced streaming transaction (the "Stream Transaction") with Triple Flag International Ltd., a wholly-owned subsidiary of Triple Flag Precious Metals Corp. (collectively, "Triple Flag"). Under the terms of the Stream Transaction, Allied has received a US$53 million upfront cash payment (the "Advance Amount") and will receive ongoing payments equal to 1 ...

Earlier this month, Wharton's Jeremey Siegel suggested that the Fed should "make an emergency 75 basis-point cut in the federal funds rate." This suggestion came after a disappointing jobs report. Jeremey further indicated that fed fund rates should be in the range of 3.5% to 4%. With aggressive rate cuts on the cards, it's a good time for some portfolio readjustment to consider stocks to buy that will benefit from expansionary policies. An obvious choice is gold mining stocks with the precious metal likely ...

The objective of healthy returns in a quick time is generally achieved by exposure to growth stocks. However, there are opportunities where blue-chip stocks can surge higher from undervalued levels. The advantage is that investors can have a low-beta portfolio that delivers returns that can potentially match the returns of a high-beta portfolio. The focus of this column is on blue-chip stocks that are likely to double within the next 24 months. It's not uncommon to see blue-chip stocks trading at a valuatio ...

VANCOUVER, BC, Aug. 13, 2024 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for the three and six months ended June 30, 2024. All amounts are expressed in U.S. dollars unless otherwise noted. David Garofalo, Chairman and CEO of Gold Royalty, commented: "The second quarter of 2024 was transformational for Gold Royalty as we meaningfully enhanced our growth outlook through the Vares Copper Strea ...

Geopolitical worries have more to do with gold rising to record highs than does inflation, Barrick Gold Corp.'s GOLD chief executive said Monday in a conference call accompanying second quarter results. "The gold price is up because the world's in a mess, not because of inflation," Barrick CEO Mark Bristow said on a conference call. "Inflation is part of that mess." He also said the market is undervaluing the company's gold and copper mines. Gold is often viewed as a safe-haven investment in times of econom ...

Barrick Gold Corporation (GOLD) recorded net earnings (on a reported basis) of $370 million or 21 cents per share in second-quarter 2024, up from a profit of $305 million or 17 cents in the year-ago quarter. Barring one-time items, adjusted earnings per share were 32 cents. The figure beat the Zacks Consensus Estimate of 26 cents. Barrick recorded total sales of $3,162 million, up 11.6% year over year. The figure beat the Zacks Consensus Estimate of $3,015.7 million. Operational Highlights Total gold produc ...

salajean/iStock via Getty Images Barrick Gold (NYSE:GOLD) just reported its second quarter earnings, and the stock skyrocketed by more than 9% on the day following the release. Barrick Gold Corp (GOLD) Total Return Barnex Obla Colp (GOLD) Total Return VanEck Gold Miners ETF (GDX) Total Return Nasdaq Composite (*IXIC) Total Return 18.99% 0.00% -15.00% 30.00% Jan '24 Mar '24 May 24 Jul '24 Seeking AlphaQ Pag 13, 2024, 5:33 AM EDT Powered by YCHARTS Data by YCharts Although the market was clearly caught off-gu ...

H Therefor H F UNITE THE AUTH H THE HO 1 i 1 ANNY H t 1 r 4 P H H ATTERY 1 in t II H 11:47 H 11 2 THE H th I MARK I # I ALL PROPERTY 1 I T D B H p I mikulas 1 Barriek Gold Corporation (NYSE:GOLD) investors have experienced a resurgence in bullish sentiments as GOLD stock nearly re-tested its July 2024 highs. The SPDR Gold Shares ETF (GLD) has also been bolstered by the return in gold optimism, as gold investors sought a safe haven amid the heightened geopolitical tensions. The simmering geopolitical tension ...

Key Takeaways Barrick Gold shares surged more than 9% on Monday after the Canada-based gold miner posted betterthan-expected second-quarter results, driven by buoyant gold prices and robust production. The company reported gold production of 948,000 ounces, easily surpassing estimates of 905,800 ounces, helping to eases concerns over output. The share price has broken out from a flag, a chart pattern that indicates a continuation of the current move higher. Amid further upside in Barrick Gold shares, invest ...