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SSR Mining (SSRM) Announces Second Quarter 2025 Results
Yahoo Finance· 2025-09-12 07:52
Group 1 - SSR Mining Inc. produced 120,191 gold equivalent ounces at an all-in sustaining cost (AISC) of $2,068 per ounce, resulting in a record net income of $90.1 million for Q2 2025, equating to $0.42 per share [1] - The company reported an adjusted net income of $110.1 million, or $0.51 per share, with liquidity standing at $912.1 million, including $412.1 million in cash [1] - Operating cash flow was $157.8 million, with free cash flow amounting to $98.4 million, driven by a notable contribution of 44,062 ounces of gold from CC&V at an AISC of $1,339 per ounce [1] Group 2 - SSR Mining maintained its 2025 gold equivalent ounce projection of 410,000-480,000, while reclamation expenses increased by $12.9 million, raising total remediation estimates to between $262.9 million and $312.9 million [2] - Anticipated silver output at Puna for 2026 is projected to be 7-8 million ounces, exceeding previous forecasts and extending the mine's life [2] - The Hod Maden project progressed with an expenditure of $16.2 million in Q2, positioning SSR Mining for long-term portfolio expansion [2]
Buenaventura (BVN) Announces Second Quarter 2025 Results
Yahoo Finance· 2025-09-12 07:51
Financial Performance - Compañía de Minas Buenaventura S.A.A. reported strong second-quarter 2025 results, with EBITDA from direct operations increasing to $130.1 million from $107.2 million in Q2 2024 [1] - Net income rose to $98.2 million from $74.4 million year-over-year [1] - For the first half of 2025, EBITDA was $256.4 million and net income was $245.2 million, both significantly higher than the same period in the previous year [1] Debt and Cash Position - The company reported a leverage ratio of 0.56x and net debt of $271.7 million [1] - Cash reserves stood at $588.5 million [1] - Buenaventura repaid $149 million in 2026 notes on July 23, 2025 [1] Operational Highlights - El Brocal's restart led to a 28% year-over-year increase in copper production [3] - However, silver output declined by 11% and gold production dropped by 19% due to reduced production at Orcopampa and Tambomayo [3] - Lead output increased by 2%, while zinc production surged by 22% [3] Investment and Sales Initiatives - Buenaventura invested $82.2 million in mining and plant development for the San Gabriel project [3] - The company began selling Cerro Verde's copper concentrate, with 20,000 WMT sold in Q2 2025 out of an anticipated 40,000 WMT for the year [3] Market Position - Compañía de Minas Buenaventura S.A.A. is ranked ninth among the Best Silver Mining Stocks according to hedge funds [1][3]
McEwen (MUX) Reports Q2 2025 Results
Yahoo Finance· 2025-09-12 07:50
Financial Performance - McEwen Inc. reversed a $13.0 million loss in Q2 2024 to achieve a net income of $3.0 million in Q2 2025 [1] - Gross profit increased to $12.3 million with a 26% margin, and adjusted EBITDA rose from $7.2 million to $17.3 million [1] - Revenue reached $46.7 million from 14,549 GEOs, with an average realized gold price of $3,298 per GEO [1] - Cash and equivalents increased to $53.6 million, with working capital improving to $61.8 million from -$6.5 million at the end of 2024 [1] Production and Costs - Consolidated output, including the 49%-owned San José Mine, was 27,554 GEOs, with cash expenses per GEO at $1,906 and AISC at $2,120, slightly higher than Q2 2024 [2] - Production increases during H2 2025 are expected to reduce unit costs [2] - Full-year guidance is reiterated at 120,000-140,000 GEOs, supporting the firm's objective to increase gold and silver production by 2030 [2] Investments and Developments - McEwen Copper spent $7.0 million on the Los Azules Feasibility Study and $5.4 million on exploration across various projects [2] - The Froome West and Stock mining ramp developments are advanced by Fox Complex [2] - The company reported no lost-time events, indicating continued high safety standards [2]
Fortuna Mining Corp. (FSM) Announces New Drilling Findings
Yahoo Finance· 2025-09-12 07:49
Core Insights - Fortuna Mining Corp. is recognized as one of the best silver mining stocks to buy according to hedge funds [1][2] - Recent drilling results from the Séguéla Mine in Côte d'Ivoire indicate significant gold mineralization at both the Kingfisher and Sunbird deposits [1][2] Group 1: Drilling Results - At the Kingfisher deposit, drilling revealed 4.5 g/t Au over 37.4 meters from a depth of 79 meters in hole SGRD2363, with mineralization confirmed up to 250 meters along strike and 300 meters below the surface [1] - The Sunbird deposit showed multiple significant results, including 2.1 g/t Au over 8.4 meters, 5.6 g/t Au over 4.9 meters, 11.2 g/t Au over 5.6 meters, and 8.5 g/t Au over 7.0 meters from a depth of 566 meters in hole SGRD2431 [1] Group 2: Exploration Insights - Paul Weedon, SVP of Exploration, highlighted that the Kingfisher infill program has extended both depth and strike potential while confirming broad mineralization, supporting the mine's long-term expansion potential [2] - Ongoing drilling at Sunbird aims to further develop the mineralized envelope and enhance geological confidence [2]
Roth Capital Raises Hecla Mining Company (HL)’s Price Target
Yahoo Finance· 2025-09-12 07:45
Core Insights - Hecla Mining Company (NYSE:HL) is recognized as one of the 11 Best Silver Mining Stocks to Buy according to hedge funds [1] - Roth Capital raised its price target for Hecla Mining from $6 to $6.50 while maintaining a Neutral rating, reflecting a cautious outlook despite strong Q2 2025 results [1][2] - The company confirmed its silver production guidance and slightly increased its gold production guidance, although there are concerns that Q2 may represent a peak in performance [1][2] Financial Performance - Hecla Mining reported stronger-than-expected Q2 results, which led to the revision of the price target [2] - The revised price target of $6.50 indicates a modest increase in gold production while maintaining stable silver output, which is crucial for the company's operations [2] Market Outlook - Roth Capital's Neutral rating suggests limited near-term upside for Hecla Mining, with future performance reliant on consistent production delivery [2] - A cautious outlook for 2025 balances the improved quarterly performance, indicating potential challenges ahead [2]
Mineros S.A. Buys 80% of La Pepa From Pan American (PAAS) to Own 100%
Yahoo Finance· 2025-09-12 07:44
Pan American Silver Corp. (NYSE:PAAS) is among the 11 Best Silver Mining Stocks to Buy According to Hedge Funds. Pan American Silver Corp. (NYSE:PAAS) will sell its 80% stake in the La Pepa Project to Mineros S.A. for $40 million on August 11, 2025, granting Mineros complete ownership. The current joint venture between the firms will end as a result of the agreement, which is structured through the purchase of all shares of Minera Cavancha SpA. The deadline for closing is September 30, 2025, at the latest. ...
Roth Capital Upgraded Coeur Mining (CDE)’s Price Target
Yahoo Finance· 2025-09-12 07:43
Core Insights - Coeur Mining, Inc. (NYSE:CDE) is recognized as one of the top silver mining stocks to invest in according to hedge funds [1][2] - Roth Capital has upgraded Coeur Mining's price target from $12 to $13 while maintaining a Buy rating, following better-than-expected Q2 2025 results [1][2] - The company's Q2 performance exceeded projections, showcasing strong operational momentum and reinforcing its balance sheet, which is expected to facilitate production expansion in the latter half of the year [1][2] Financial Performance - Coeur Mining reported a strong Q2 2025, with results surpassing Roth Capital's expectations, indicating consistent operational momentum [2] - The financial achievements have bolstered the company's balance sheet, enhancing investor confidence and financial flexibility [2] - Additional production improvements are anticipated in H2 2025, positioning the company for sustained growth [2]
First Majestic (AG) Reports Positive Exploration Results At San Dimas
Yahoo Finance· 2025-09-12 07:35
Group 1 - First Majestic Silver Corp. (NYSE:AG) is recognized as one of the best silver mining stocks to buy according to hedge funds, highlighting its strong market position [1] - The company reported positive exploration results from its San Dimas Silver/Gold Mine in Durango, Mexico, following expanded drilling efforts that intersected high-grade silver and gold mineralization [1][2] - The Coronado vein, recently discovered in the West Block, produced a significant high-grade intercept, indicating the potential for new mineral resources [1][2] Group 2 - San Dimas is a key asset in First Majestic's long-term expansion strategy, with ongoing drilling campaigns expected to enhance resource expansion [2] - The discovery of the Coronado vein contributes positively to the mineralization profile of the district, reinforcing the mine's status as a superior asset [2]
Roth Capital Raises Silvercorp Metals, Inc. (SVM)’s Price Target.
Yahoo Finance· 2025-09-12 07:34
Group 1 - Silvercorp Metals, Inc. (NYSE:SVM) is recognized as one of the 11 Best Silver Mining Stocks to Buy According to Hedge Funds [1] - Roth Capital analyst Joe Reagor raised the price target for Silvercorp from $6.25 to $6.75 while maintaining a Buy recommendation [1] - The company is adjusting its model for miners based on an increase in projected gold prices, estimating average gold prices of $3,294 for Q2, $3,300 for Q3, and $3,150 for Q4 2025 [1] Group 2 - Silvercorp Metals is a mineral exploration company engaged in acquiring, exploring, developing, and mining mineral properties, with producing mines located in China and projects in Ecuador [2] - The company's revenue is primarily generated from the sale of silver concentrates, with significant operations in the Ying Mining District and GC Mine in China [2] - Silvercorp's portfolio includes the Condor gold project in Ecuador and the El Domo copper-gold project, alongside multiple silver-lead-zinc mines in China [2]
Silver X Mining Announces Bought Deal Life Offering for Gross Proceeds of up to C$10.0 Million
Accessnewswire· 2025-09-11 20:15
Group 1 - Silver X Mining Corp. has entered into an agreement with Red Cloud Securities Inc. to act as lead underwriter for a syndicate of underwriters [1] - The underwriters will purchase 20,000,000 units of the company at a price of C$0.50 per unit [1] - The offering is expected to generate gross proceeds of C$10,000,000 [1] Group 2 - Each unit will consist of one common share and one-half common share purchase warrant [1]