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Emerita Announces Upsize to C$25M Brokered Private Placement Financing
GlobeNewswire News Room· 2025-08-13 19:31
Group 1 - Emerita Resources Corp. has increased the size of its previously announced private placement from $15,000,090 to up to $24,999,975 due to strong investor demand [1][2] - The Offering will consist of up to 23,809,500 units priced at $1.05 per unit, with each unit including one common share and one-half of a common share purchase warrant [2] - Each warrant will allow the holder to purchase one common share at an exercise price of $1.30 for 24 months following the Offering's completion [2] Group 2 - The net proceeds from the Offering will be utilized for exploration and development of the Company's Spanish mineral properties, as well as for general corporate and working capital purposes [3] - The Offering will be conducted under the Listed Issuer Financing Exemption, meaning the securities will not be subject to a statutory hold period under Canadian securities laws [4] - The Offering is expected to close on or about August 26, 2025, pending necessary approvals including that of the TSX Venture Exchange [5] Group 3 - Emerita Resources Corp. is focused on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office in Sevilla and an administrative office in Toronto [8]
Should PAAS Stock be a Part of Your Portfolio Post Solid Q2 Results?
ZACKS· 2025-08-13 18:16
Core Insights - Pan American Silver (PAAS) reported strong second-quarter 2025 results, with a 10% stock gain following the announcement, and achieved record free cash flow of $233 million, resulting in a cash balance of $1.1 billion [1][10]. Financial Performance - Q2 revenues increased by 18% year-over-year to $811.9 million, driven by higher gold and silver prices, despite an $80.5 million decrease in metal quantities sold [9]. - Mine operating earnings surged 134% to $273 million, with adjusted earnings per share rising 291% to 43 cents [10]. - The company raised its dividend by 20% to 12 cents per share [10]. Year-to-Date Performance - Year-to-date, PAAS shares have increased by 58.3%, outperforming the industry growth of 52.1% and the Basic Materials sector's rise of 14.5% [2][4]. Production and Guidance - In Q2, PAAS produced 5.1 million ounces of silver and 178.7 thousand ounces of gold, remaining on track to meet its 2025 guidance of 20-21 million ounces of silver and 735,000-800,000 ounces of gold [13]. Strategic Acquisitions - The acquisition of MAG Silver for $2.1 billion is expected to enhance PAAS's production capabilities, particularly through the Juanicipio mine, which is projected to increase silver output by approximately 35% [14][15]. Market Sentiment and Valuation - PAAS stock is trading above its 50-day and 200-day moving averages, indicating positive market sentiment and confidence in the company's financial health [7]. - The stock is currently valued at a forward price-to-earnings multiple of 14.44X, which is below the industry average of 17.49X [23]. Earnings Estimates - The Zacks Consensus Estimate for PAAS's earnings has increased by 22.98% and 25.93% for 2025 and 2026, respectively, with projected earnings of $1.98 per share for 2025, reflecting a 150.6% year-over-year increase [16][18]. Long-Term Growth Potential - PAAS is positioned for long-term growth with a diversified asset base and ongoing investments in production optimization and environmental performance improvements [19][20][21].
X @Forbes
Forbes· 2025-08-13 17:59
Hedge fund trader James Litinsky turned a $20 million distressed bonds bet into a billion-dollar mining fortune—with a little help from Uncle Sam and the Chinese.Read more: https://t.co/ZJ7EuKxS3A https://t.co/yYuPM8cch6 ...
X @The Economist
The Economist· 2025-08-13 17:10
Confronted with a ban on the vital resources, other countries will find ways around shortages. We explain why China’s grip on rare earths might not be as strong as you think https://t.co/9jrdfMOJML ...
Hudbay Minerals surges on $600M Mitsubishi investment in Copper World project
Proactiveinvestors NA· 2025-08-13 15:44
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Here's Why Aris Mining Corporation (ARMN) Is a Great 'Buy the Bottom' Stock Now
ZACKS· 2025-08-13 14:55
Core Viewpoint - Aris Mining Corporation (ARMN) has experienced a 9.2% decline in share price over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Group 1: Technical Analysis - The hammer chart pattern indicates a possible bottoming out of the stock, with reduced selling pressure and a potential shift in control from bears to bulls [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that despite a downtrend, buying interest has emerged to push the stock price up towards the opening price [4][5]. - The effectiveness of the hammer pattern as a bullish indicator is enhanced when used alongside other bullish indicators, as its strength is dependent on its placement on the chart [6]. Group 2: Fundamental Analysis - Recent upward revisions in earnings estimates for ARMN, with a 6.3% increase in the consensus EPS estimate over the last 30 days, suggest that analysts expect better earnings than previously predicted [7][8]. - ARMN holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for outperformance in the market [9][10]. - The Zacks Rank serves as a reliable timing indicator for investors, suggesting that ARMN's prospects are beginning to improve, further supporting the case for a trend reversal [10].
Here's What Key Metrics Tell Us About HudBay Minerals (HBM) Q2 Earnings
ZACKS· 2025-08-13 14:31
Core Insights - HudBay Minerals reported a revenue of $536.4 million for the quarter ended June 2025, marking a 26.1% increase year-over-year and exceeding the Zacks Consensus Estimate of $495.34 million by 8.29% [1] - The company's earnings per share (EPS) was $0.19, a significant improvement from $0 in the same quarter last year, resulting in an EPS surprise of 72.73% compared to the consensus estimate of $0.11 [1] Financial Performance Metrics - The company produced 29,956 tons of copper, slightly below the average estimate of 30,853.63 tons by 14 analysts [4] - Silver production was reported at 814,989 ounces, which was lower than the estimated 915,769.30 ounces by 13 analysts [4] - Molybdenum production exceeded expectations with 427 tons produced, compared to the average estimate of 311.59 tons by 13 analysts [4] - Gold production was in line with estimates at 56,271 ounces, slightly above the average estimate of 56,126.27 ounces [4] Revenue Breakdown - Revenue from external customers in Peru was $259.6 million, surpassing the estimate of $253.38 million by 12 analysts [4] - British Columbia generated $83.8 million in revenue, exceeding the estimated $81.55 million by 11 analysts [4] - Manitoba's revenue reached $193 million, significantly higher than the estimated $162.5 million by 11 analysts [4] - Revenue from contracts for copper was $297.1 million, a 14.6% increase year-over-year, and above the estimate of $291.57 million by 11 analysts [4] - Zinc revenue was reported at $7.1 million, below the average estimate of $10.78 million, reflecting a 54.2% decline year-over-year [4] - Total revenue from contracts was $526.4 million, exceeding the average estimate of $488.43 million by 11 analysts [4] - Silver revenue from contracts was $13.9 million, lower than the estimated $22.42 million, but showed a 27.5% increase year-over-year [4] - Molybdenum revenue from contracts was $19.1 million, surpassing the average estimate of $12.95 million, with a year-over-year increase of 19.4% [4] Stock Performance - HudBay Minerals' shares have returned -4.7% over the past month, contrasting with the Zacks S&P 500 composite's +3.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]
EDM Resources closes silver royalty sale to Silver Crown Royalties
Proactiveinvestors NA· 2025-08-13 13:31
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
X @Cointelegraph
Cointelegraph· 2025-08-13 13:13
Bitcoin Miners and the Hidden War With AI (feat. GoMining) #CHAINREACTION https://t.co/zLYMxLKZfR ...
Canada One Provides Review of Exploration at Friday Creek Zone, Copper Dome Project
Newsfile· 2025-08-13 12:38
Core Insights - Canada One Mining Corp. is advancing exploration at the Friday Creek Zone of its Copper Dome Project, leveraging a newly acquired five-year drill permit to enhance mineralization assessment and drill-target definition [3][4][24]. Exploration Highlights - The Friday Creek Zone is characterized as a high-grade copper, gold, platinum, and palladium area, with significant mineralization identified through rock and mobile metal ion (MMI) sampling [6][11]. - Two multi-element features were identified: the first measures approximately 450m by 400m, showing anomalous levels of copper, gold, silver, lead, zinc, and cobalt; the second is smaller at 250m by 110m, with anomalies in copper, gold, molybdenum, and cobalt [7][8][11]. Sampling Results - Rock sampling at the Friday Creek Prospect returned notable values, including a best sample with 10.65% copper, 4.89 g/t gold, and 10.4 g/t palladium; additional samples showed gold values ranging from 0.66 to 4.89 g/t, palladium from 4.6 to 10.5 g/t, and copper from 0.8 to 10.07% [9][11][18]. - The Ilk Showing, located 800 meters south-southeast of the Friday Creek Prospect, has shown promising mineralization with historical samples indicating up to 28.06% copper and 18.5 g/t gold [12][14]. Project Overview - The Copper Dome Project is strategically located adjacent to the producing Copper Mountain Mine, with historical drilling confirming high-grade copper presence [4][24]. - The project benefits from excellent infrastructure, allowing for year-round access and low-cost exploration, which is crucial for resource development [24][25]. Future Plans - Canada One plans to conduct further infill sampling and geophysical work to connect the Friday Creek Prospect with the Norma Showing, potentially creating a strike length of over 1200m [16][17].