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U. S. Gold Contracts CK Gold Project Director
Prnewswire· 2025-06-17 12:00
Core Viewpoint - U.S. Gold Corp. has engaged Mr. Ken Murray of Captrics Consulting to manage the finalization of studies leading to a Definitive Feasibility Study and the development of the Project Execution Plan for the CK Gold Project [1][2]. Company Overview - U.S. Gold Corp. is a publicly traded company focused on gold and copper exploration and development, with a portfolio that includes the CK Gold Project located in Southeast Wyoming [4][5]. - The company aims to grow its team and expand expertise to ensure the CK Gold Project is delivered on time and within budget, capitalizing on the increasing domestic demand for copper and gold [2]. Project Management and Execution - Mr. Ken Murray will focus on coordinating engineering activities, developing strategies for future project phases, and managing a high-performance project team [4]. - His responsibilities will include overseeing budget planning, cost control, risk management, and ensuring compliance with environmental and safety regulations [4]. Mr. Ken Murray's Background - Mr. Murray brings over 25 years of industry experience and has held lead roles in various companies, working on projects for major clients in the mining sector [3]. - As the Founder and CEO of Captrics Consulting, he has served in multiple capacities, providing significant competitive advantages through his broad experience in project life-cycles [3].
Newmont Stock Trading Cheaper Than Industry: Should You Buy Now?
ZACKS· 2025-04-17 11:51
Valuation and Stock Performance - Newmont Corporation (NEM) is currently trading at a forward price/earnings ratio of 14.75X, which is approximately 12.1% lower than the Zacks Mining – Gold industry's average of 16.78X, indicating an attractive valuation [1] - NEM's stock has gained 45.1% over the past year, underperforming the industry average increase of 52.4% but outperforming the S&P 500's rise of 8.1% [15] Technical Indicators - Technical indicators show bullish momentum for NEM, as it has surpassed its 50-day simple moving average (SMA) and is trading above its 200-day SMA, suggesting a positive trend [2][4] Growth Projects and Acquisitions - Newmont is actively investing in growth projects such as the Tanami Expansion 2 in Australia and the Ahafo North expansion in Ghana, which are expected to enhance production capacity and extend mine life [6] - The acquisition of Newcrest Mining Limited has resulted in a robust portfolio with a multi-decade production profile, generating $500 million in annual run-rate synergies [8] Divestitures and Financial Health - Newmont has divested several non-core assets, generating total after-tax cash proceeds of approximately $2.55 billion from recent sales, contributing to a total expected gross proceeds of $4.3 billion from all disclosed divestitures [9] - The company reported a strong liquidity position of $7.7 billion at the end of 2024, with operating cash flow from continuing operations reaching $6.3 billion, a significant increase from $2.8 billion in 2023 [10] Gold Price Trends - Gold prices have increased by approximately 27% over the past year, driven by strong demand from central banks and geopolitical tensions, which is expected to positively impact Newmont's profitability [11][12] Earnings Estimates - Newmont's earnings estimates for 2025 have been revised upward, with the Zacks Consensus Estimate for 2025 earnings currently at $3.83, reflecting an expected year-over-year growth of 10.1% [14] Dividend and Shareholder Returns - NEM offers a dividend yield of 1.8% with a payout ratio of 29%, indicating a sustainable dividend backed by strong cash flows [13]