Investor Exits $5.5 Million Perpetua Resources Stake Amid Stock's 150% Rally

Core Insights - JGP Global Gestao de Recursos has liquidated its entire stake in Perpetua Resources, selling 450,000 shares for an estimated $5.5 million, as disclosed in an SEC filing [1][2][5] - Perpetua Resources' stock has increased by 158% over the past year, significantly outperforming the S&P 500's 18% gain during the same period [3] Company Overview - Perpetua Resources is a U.S.-based mineral exploration company focused on the Stibnite gold project in Idaho, with a market capitalization of $2.7 billion [4][8] - The company reported no revenue over the trailing twelve months (TTM) and a net income loss of $22.1 million [4] Project Development - The Stibnite gold project is set to become one of the largest open-pit gold mines in the U.S. and will produce the only mined source of antimony in the country, a critical mineral for defense applications [6][8] - The project has recently secured its final federal permit and has begun construction [6] Investment Perspective - JGP Global's exit from Perpetua Resources may indicate profit-taking after a significant stock rally and a strategic shift away from uncertain mining investments [5] - While Perpetua's permitting achievements are notable, the project may still encounter financing and construction challenges, making it a high-risk investment for those seeking exposure to the metals market [9]