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PAAS Reports Mineral Reserves With La Colorada Exploration Success
ZACKS· 2025-09-12 18:01
Core Insights - Pan American Silver Corp. (PAAS) has significant mineral reserves, with proven and probable reserves estimated at 452.3 million ounces of silver and 6.3 million ounces of gold as of June 30, 2025, excluding the recent acquisition of MAG Silver [1][8] - The company’s measured and indicated mineral resources are estimated to contain 1,130.6 million ounces of silver and 9.9 million ounces of gold, while inferred mineral resources are estimated at 405.6 million ounces of silver and 8.6 million ounces of gold [2] Exploration and Production - Promising drill results at the La Colorada mine in Mexico have identified high-grade intercepts beyond the current resource area, indicating potential for growth [3] - The exploration efforts at La Colorada have resulted in an addition of 52.7 million ounces of silver to the inferred mineral resource total estimate, allowing PAAS to more than replace production at that mine [4] Acquisition and Strategic Positioning - On September 4, 2025, PAAS completed the acquisition of MAG Silver Corp., gaining a 44% stake in the Juanicipio project, which is expected to produce between 14.7 and 16.7 million ounces of silver in 2025 [5] - The acquisition also includes full ownership of the Larder exploration project and an earn-in interest in the Deer Trail exploration project, significantly enhancing PAAS's production, reserves, and cash flow [6] Stock Performance - Over the past year, PAAS shares have increased by 76.6%, outperforming the industry average growth of 54.5% [7]
BHP Group Limited (BHP) Prices $1.5 Billion Senior Unsecured Bond Offering in the U.S. Market Through BHP Billiton Finance (USA) Limited
Yahoo Finance· 2025-09-12 15:01
Group 1 - BHP Group Limited has priced a $1.5 billion senior unsecured bond offering in the U.S. market, which includes $500 million in 10-year bonds at a 5.000% fixed coupon maturing in 2036 and $1 billion in 30-year bonds at 5.750% maturing in 2055 [2][3] - The proceeds from the bond offering will be used to fund the company's general corporate operations, with settlement expected on September 5, 2025, pending customary closing conditions [3] - BHP Group Limited is recognized as one of the largest natural resources companies globally, focusing on the mining of various minerals including copper, iron ore, coal, gold, uranium, nickel, silver, zinc, lead, cobalt, and molybdenum [4]
Barrick Mining to Sell Hemlo, Expects Proceeds of More Than $1.09B
ZACKS· 2025-09-12 14:05
Key Takeaways Barrick will sell its Hemlo mine to Carcetti Capital, generating up to $1.09 billion in proceeds.The deal includes $875M in cash, $50M in HMC shares and up to $165M in future payments.Proceeds support balance sheet strength and capital returns as Barrick divests non-core assets.Barrick Mining Corporation (B) has announced an agreement to divest its Hemlo Gold Mine in Canada to Carcetti Capital Corp., which is to be renamed Hemlo Mining Corp. (“HMC”) upon the closing of this transaction.The sal ...
Arizona Gold & Silver closes private placement
Proactiveinvestors NA· 2025-09-12 12:32
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Homerun Resources Inc. Signs Binding LOI for the Acquisition of Additional Mineral Rights in the Santa Maria Eterna Silica Sand District
Newsfile· 2025-09-12 12:00
Homerun Resources Inc. Signs Binding LOI for the Acquisition of Additional Mineral Rights in the Santa Maria Eterna Silica Sand DistrictSeptember 12, 2025 8:00 AM EDT | Source: Homerun Resources Inc.News Release Highlights:Homerun has now secured ownership and supply agreements covering the entire Santa Maria Eterna Silica Sand District.The new Pedreiras concession is fully permitted with a low royalty rate of R$ 30.17 per extracted tonne.The Pedreiras concessions have been drilled to a depth ...
Tesla, Delta Air, Teck Resources And A Financial Stock On CNBC's 'Final Trades' - Rocket Companies (NYSE:RKT), Delta Air Lines (NYSE:DAL)
Benzinga· 2025-09-12 11:52
Group 1: Rocket Companies, Inc. (RKT) - Rocket Companies, Inc. has officially broken out, and the CEO of Ritholtz Wealth Management is staying long on the stock [1] - Shares of Rocket Companies rose 1% to close at $21.11 on Thursday [6] Group 2: Delta Air Lines, Inc. (DAL) - Delta Air Lines reaffirmed its earnings outlook for the September quarter and full year 2025, previously provided on July 10, 2025 [2] - Delta Air shares fell 1.6% to close at $60.44 on Thursday [6] Group 3: Teck Resources Limited (TECK) and Anglo American - Teck Resources and Anglo American will merge to form Anglo Teck, a global critical minerals company and one of the world's top five copper producers [3] - The merged group will be headquartered in Canada and is expected to provide investors with more than 70% copper exposure [3] - Teck Resources shares gained 3% to settle at $41.66 during the session [6] Group 4: Tesla, Inc. (TSLA) - Tesla's Model Y L deliveries will not take place until November 2025, indicating a shortage of units for the rest of September and all of October [4] - Tesla shares gained 6% to close at $368.81 on Thursday [6]
Emperor Metals Announces Private Placement Increase to $10 Million
Newsfile· 2025-09-12 11:30
Core Viewpoint - Emperor Metals Inc. has increased its private placement offering to up to $10,000,000 due to strong investor demand [1] Offering Details - The offering will consist of Common Units and Flow-Through (FT) Units, with a maximum of 15,000,000 Common Units priced at $0.20 each and up to 25,000,000 FT Units priced at $0.28 each, aiming for gross proceeds of $3,000,000 and $7,000,000 respectively [9] - The Agents have an option to increase the offering size by an additional 15% prior to closing [2] - Each Common Unit includes one Common Share and one-half of a Warrant, while each FT Unit includes one FT Share and one-half of a Warrant [3] Regulatory and Compliance - The Offered Securities will be available under the "listed issuer financing exemption" in Canada and may also be offered in the U.S. and other jurisdictions through private placements [4] - The securities issued under the offering are not expected to be subject to a hold period in Canada [5] Use of Proceeds - The net proceeds from the offering will be allocated to advance the Duquesne West Project and Lac Pelletier Project in Quebec, along with general administrative expenses and working capital [7] Agent Compensation - The Corporation will pay the Agents a cash commission of 6.0% of the gross proceeds and issue warrants to acquire Common Shares equal to 6.0% of the total number of Offered Securities [8] Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [11] - The company aims to unlock the resource potential of its Duquesne West Gold Project and Lac Pelletier Project [11]
Weekly Wrap: Australian Share Market Rises 0.7% on Bullish U.S. Rate Cut Hopes
Small Caps· 2025-09-12 11:20
Bullish hopes for lower interest rates in the United States helped to push the Australian share market higher on Friday.The ASX 200 rose 0.7% or 59.8 points to 8864.9 points following on from some record highs on Wall Street.Ten of the 11 sectors ended higher with the biggest gains coming from the property sector, banks and the big miners, although energy stocks fell.Property Keeps BoomingOverall the property sector rose 1.3% with the Goodman Group (ASX: GMC) up 2% to $34.37, Scentre (ASX: SCG) up 1.5% to $ ...
FTSE 100 Modestly Higher As Miners Rise
RTTNews· 2025-09-12 11:11
Market Overview - The UK market is experiencing positive momentum, with the benchmark FTSE 100 up 33.97 points or 0.36% at 9,331.55 [1] - Gains in the mining sector are attributed to higher metal prices, contributing to the overall market performance [1] Sector Performance - The mining sector shows solid gains, with companies like Beazley gaining about 3.2% and Glencore up nearly 3% [2] - Other companies such as Hiscox, Antofagasta, Fresnillo, and Anglo American Plc are also experiencing gains between 1.5% to 2.6% [2] Economic Data - The UK's real GDP showed no growth in July, following a 0.4% increase in June, with the services sector expanding by 0.1% and construction by 0.2% [3] - Industrial production fell by 0.9%, offsetting gains in other sectors [3] Yearly and Quarterly Trends - On a yearly basis, GDP increased by 1.4% in July, slightly below the economists' forecast of 1.5% [4] - In the three months leading to July, real GDP advanced by 0.2%, following a 0.3% rise in the previous three months [4] Trade Balance - The visible trade deficit remained relatively unchanged at GBP 23.68 billion in July compared to GBP 23.65 billion in June [4] - The surplus on services decreased to GBP 15.28 billion from GBP 15.42 billion, resulting in a total trade balance deficit of GBP 8.4 billion, up from GBP 8.23 billion the previous month [5]