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OR Royalties Reports Q2 Preliminary Revenues and Cash Margin
ZACKS· 2025-07-08 16:31
Key Takeaways OR earned approximately 19,700 attributable gold equivalent ounces in Q2 2025. Revenues from royalties and streams totaled $60.4M, with a cash margin of record $57.8M or 95.8%. OR held $49.6M in cash and had $614.3M available on its credit facility at quarter-end.OR Royalties Inc. (OR) reported a 1.8% year-over-year fall in attributable gold equivalent ounces (“GEOs”) in the second quarter of 2025. Preliminary revenues from royalties and streams were disclosed at $60.4 million, creating a qu ...
Sandstorm Set to be Acquired by Royal Gold in $3.5 Billion Deal
ZACKS· 2025-07-08 15:51
Core Insights - Sandstorm Gold Ltd. (SAND) has entered into an agreement with Royal Gold, Inc. (RGLD) for the acquisition of all issued and outstanding common shares of Sandstorm at an implied value of approximately $3.5 billion [1][8] - The transaction is expected to provide Sandstorm shareholders with 0.0625 shares of Royal Gold for each Sandstorm share, representing a 21% premium to Sandstorm's 20-day volume-weighted average price as of July 3, 2025 [2][3][8] - The merger aims to enhance portfolio maturity and diversification, allowing Sandstorm shareholders to participate in a larger, diversified precious metals streaming and royalty company [3][4][8] Transaction Details - The acquisition is part of a broader strategy by Sandstorm to deliver consistent growth and value to its shareholders [2] - Royal Gold will benefit from Sandstorm's high-quality, long-life precious metals assets located in mining-friendly jurisdictions [4] - The transaction is anticipated to close in the fourth quarter of 2025, pending requisite approvals, leading to the delisting of Sandstorm and Horizon stocks from the TSX, NYSE, and TSX-V [4] Market Performance - Sandstorm's stock has increased by 85.3% over the past year, outperforming the industry average growth of 49.5% [6] - The current Zacks Rank for Sandstorm is 3 (Hold), indicating a neutral outlook [7]
X @Bloomberg
Bloomberg· 2025-07-08 15:25
A recent mishap at a century-old copper smelter owned by Codelco is stoking debate over the pros and cons of shutting it down https://t.co/2mfKYadpa9 ...
Will AngloGold Ashanti's Portfolio Optimization Efforts Unlock Value?
ZACKS· 2025-07-08 15:05
Key Takeaways AU to sell its smallest, high-cost MSG mine in Brazil to Aura Minerals for $76M. Earlier, AU divested Doropo and the Archean-Birimian Contact projects to Resolute Mining. AU ended Q1 2025 with $3B in liquidity and sharply reduced its net debt to adjusted EBITDA ratio.AngloGold Ashanti plc (AU) is intensifying its efforts to streamline operations and sharpen its focus on core assets, particularly in the United States. A key step in this ongoing portfolio optimization effort came last month wh ...
Are Basic Materials Stocks Lagging Royal Gold (RGLD) This Year?
ZACKS· 2025-07-08 14:40
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Royal Gold (RGLD) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Royal Gold is a member of the Basic Materials sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges t ...
X @Bloomberg
Bloomberg· 2025-07-08 13:32
Trafigura agrees to pay $200 million for copper anodes from an Ivanhoe smelter in the Democratic Republic of Congo https://t.co/tiijdOHH40 ...
GoldHaven Resources Completes Auger Drill Program at Copeçal Gold Project in Mato Grosso, Brazil
Globenewswire· 2025-07-08 13:00
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. (“GoldHaven” or the “Company”) (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to announce completion of its initial Auger drill program at the Copeçal Project, Brazil which commenced on June 9th, 2025. A total of 107 auger holes were successfully drilled, delivering 2,153.4 metres of subsurface coverage and marking a significant milestone in exploration efforts. The Auger drill program included 92 Auger holes which sys ...
Westward Gold Announces Commencement of Initial Drill Program at Campfire Target Complex
Thenewswire· 2025-07-08 13:00
Core Viewpoint - Westward Gold Inc. has commenced a 5,000-metre reverse-circulation drilling campaign at its Toiyabe Hills Property in Nevada, targeting the Campfire Target Complex for potential Carlin-type gold mineralization [1][2] Drilling Campaign Details - The drilling will cover approximately 5,000 metres (~16,500 feet) across a 61 square-kilometre area, focusing on the Campfire Anticline where favorable carbonate stratigraphy is present [1] - The drilling contractor, National EWP, Inc., has upgraded the rig to an EDM95K model, enhancing depth capability and maneuverability [1] Strategic Importance - The initial drilling targets are strategically chosen to provide insights into ground conditions and optimize future drilling processes [4][6] - The Campfire Anticline is identified as a significant feature for gold exploration due to its potential to trap hydrothermal fluids and concentrate metals [2] Geological Insights - The area exhibits key geological features such as high-angle structures, igneous dikes, and hydrothermal alteration, which are indicative of fertile gold environments [2] - Geochemical analysis shows a large Carlin-suite plume, particularly arsenic, which is associated with major gold deposits in Nevada [2] Exploration Strategy - The company plans to adapt its drilling strategy based on real-time feedback and assay results to maximize the effectiveness of the 5,000-metre drilling program [7] - Multiple styles of potential gold mineralization have been identified, including stratigraphic, structural, karst breccias, mineralized dikes, and breccia pipes [9] Corporate Update - Westward Gold has engaged Hillside Consulting and Media Inc. to enhance its marketing and investor relations efforts, aiming to improve public presence and investor engagement [7][10] - The company is committed to exploring all avenues for growth and executing its long-term exploration strategies [10]
Taseko Mines Commences Environmental Assessment Process for Yellowhead Copper Project
Globenewswire· 2025-07-08 12:30
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) (“Taseko” or the "Company") today announced that the Initial Project Description (“IPD”) for its 100% owned Yellowhead Copper Project (“Yellowhead Project” or the “Project”) has been filed and accepted by the British Columbia Environmental Assessment Office (“EAO”) and Impact Assessment Agency of Canada (“IAAC”). The acceptance formally commences the Environmental Assessment (“EA”) pr ...
Best Momentum Stock to Buy for July 8th
ZACKS· 2025-07-08 12:26
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 8th:Dundee Precious Metals (DPMLF) : This mining company which is engaged in the acquisition of mineral properties, exploration, development, mining and processing of precious metals, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.7% over the last 60 days.Dundee Precious Metals’ shares gained 32.5% over the last three month com ...