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Westhaven Closes CDN$3 Million Private Placement with Dundee Corporation
Globenewswire· 2026-01-03 02:07
Core Viewpoint - Westhaven Gold Corp. has successfully closed a private placement with Dundee Corporation, raising CDN$3 million through the issuance of 12 million common shares at CDN$0.25 per share [1][2]. Group 1: Financing Details - The financing will allocate up to CDN$2 million for exploration activities, primarily for drilling, with CDN$500,000 designated for property maintenance and the remainder for general working capital [2]. - The common shares issued are subject to resale restrictions in accordance with Canadian securities legislation and TSX Venture Exchange policies [2]. Group 2: Company Overview - Westhaven Gold Corp. is focused on gold exploration and development, targeting high-grade epithermal gold mineralization in the Spences Bridge Gold Belt, British Columbia, controlling approximately 61,512 hectares across four properties [3]. Group 3: Project Highlights - The Shovelnose Gold project is the most advanced, featuring a 2025 Preliminary Economic Assessment that indicates an 11-year underground mining opportunity with an average annual production of 56,000 ounces of gold and 313,000 ounces of silver [4]. - The project has an after-tax net present value of CDN$454 million at a 6% discount rate and an internal rate of return (IRR) of 43.2%, based on base case parameters of US$2,400 per ounce of gold and US$28 per ounce of silver [4].
Raymond James Boosts Newmont (NEM) Target, Keeps Outperform Rating
Yahoo Finance· 2026-01-03 00:39
Newmont Corporation (NYSE:NEM) is included among the 20 Best Performing Dividend Stocks in 2025. Raymond James Boosts Newmont (NEM) Target, Keeps Outperform Rating Photo by nathan dumlao on Unsplash On December 29, Raymond James raised its price target on Newmont Corporation (NYSE:NEM) to $111 from $99 and kept an Outperform rating. The move followed updated forecasts for fourth-quarter gold prices. Newmont’s stock has climbed 167% year to date, driven largely by the sharp rise in gold. As uncertainty ...
Canadian Gold Resources (CAN) Announces Sale of Flow Through Units under LIFE Offering and Non-Brokered Private Placement
TMX Newsfile· 2026-01-03 00:15
Core Viewpoint - Canadian Gold Resources Ltd. has successfully raised a total of $2,016,297.90 through two offerings, enhancing its financial position for future exploration and development activities [1][2]. Group 1: Offering Details - The company sold 4,083,383 flow-through units at a price of $0.18 per unit under the LIFE Offering, generating gross proceeds of $735,008.94 [1]. - Additionally, 7,118,272 flow-through units were sold at the same price under a non-brokered private placement, resulting in gross proceeds of $1,281,288.96 [1]. - The total amount raised from both offerings is $2,016,297.90 [1]. Group 2: Finder's Fees and Warrants - In connection with the LIFE Offering, the company paid cash finder's fees of $58,800.72 and issued 326,671 Finder's Warrants [2]. - For the FT Placement Offering, cash finder's fees amounted to $102,503.11, with 569,461 Finder's Warrants issued [2]. - Each Finder's Warrant allows the holder to purchase one Common Share at a price of $0.18 for a period of 36 months, with specific conditions for acceleration of the term [3]. Group 3: Company Overview - Canadian Gold Resources Ltd. is a junior exploration company focused on advancing three high-grade gold properties totaling approximately 16,000 hectares in Québec's Gaspé Peninsula [6]. - The company's strategy aims to unlock the potential of historically explored assets through modern exploration and development, supported by a management team with a proven track record [6].
Gold's Best Year Since 1979, And Why I'm Upgrading GDX To A Buy Now (Rating Upgrade)
Seeking Alpha· 2026-01-03 00:14
Group 1 - Gold had its best year since 1979 in 2025, indicating a significant recovery and strong performance in the precious metals market [1] - The VanEck Gold Miners ETF (GDX) returned 155% in 2025, which is more than double the gain of gold itself, showcasing the outperformance of gold mining stocks relative to the underlying commodity [1] - The article emphasizes the importance of thematic investing and macro drivers of asset classes, suggesting a focus on broader market conditions and sector analysis [1]
RAB Capital Discloses Additional Investment In Viva Gold Corp.
Thenewswire· 2026-01-02 19:20
Investment Activity - RAB Capital Jersey Limited purchased 1,250,000 units of Viva Gold Corp. at a price of C$0.16 per unit for a total of C$200,000 on December 30, 2025 [1] - Each unit consists of one common share and one-half non-transferable common share purchase warrant, with each warrant exercisable at C$0.24 per share until December 29, 2028 [1] Ownership Structure - Mr. Philip Richards now beneficially owns and controls 22,220,000 common shares and 5,775,000 warrants, representing approximately 12.94% of the outstanding shares on a non-diluted basis and approximately 16.31% on a partially-diluted basis [2] - Prior to this acquisition, Mr. Richards owned 20,971,500 common shares and 4,150,000 warrants [2] Investment Strategy - The units were acquired for investment purposes, with a long-term view, and RAB Capital may consider acquiring additional securities of Viva Gold or selling existing securities based on market conditions [3] - RAB Capital focuses on investments in small companies and real estate development opportunities based on fundamental analysis [4] Company Information - Viva Gold is a British Columbia company with its registered office located in Vancouver, Canada [5]
Why Investors Shouldn't Bail on Gold ETFs in the Long Term
ZACKS· 2026-01-02 17:11
Core Insights - Gold experienced a significant rally in 2025, increasing by 32.22% in six months and 67.42% over the year, driven by factors such as rising central bank buying, economic uncertainty, Fed rate cuts, increased ETF inflows, and a weaker dollar [1][11] Group 1: Market Dynamics - Investor appetite for gold and precious metals funds remained strong, with $2.03 billion inflows in the final week of 2025, although gold prices saw a slight pullback due to profit booking and raised futures margins [2] - Analysts project gold prices could reach $4,000-$5,000 per troy ounce in 2026, supported by robust central bank demand, with 95% of central banks planning to increase reserves [3][4] - Goldman Sachs targets $4,900 for gold, while State Street estimates a range of $4,000-$4,500, with geopolitical factors potentially pushing prices to $5,000 [4] Group 2: Economic Influences - Anticipation of further Fed rate cuts in 2026 is expected to support gold prices, with forecasts suggesting three-quarter-point cuts before mid-year due to weak labor markets and inflation uncertainty [6] - A weaker U.S. dollar, resulting from Fed rate cuts, is likely to increase demand for gold, making it more affordable for foreign buyers [7] Group 3: Investment Strategies - Gold serves as a diversification tool for tech-heavy portfolios, with ongoing concerns about elevated valuations in the tech sector prompting investors to seek alternatives like gold [8] - Gold's safe-haven appeal remains strong amid rising macroeconomic and geopolitical risks, as indicated by a 9.7% increase in the CBOE Volatility Index since December 2025 [9] - A long-term passive investment approach is recommended to navigate short-term volatility, with fundamentals supporting further gains in gold [12] Group 4: Gold ETFs - Investors are encouraged to consider gold ETFs such as SPDR Gold Shares (GLD), iShares Gold Trust (IAU), and others to increase exposure to gold [14] - GLD is noted for its liquidity with an asset base of $149.43 billion, while GLDM and IAUM are highlighted as cost-effective options for long-term investing [15] - Gold miners ETFs like VanEck Gold Miners ETF (GDX) and others provide access to the gold mining industry, which can amplify gains and losses [16][17]
Can IAMGOLD's Dual Chibougamau Buyouts Fulfill its Growth Ambition?
ZACKS· 2026-01-02 17:00
Core Insights - IAMGOLD Corp. has completed two significant acquisitions that enhance its land position and resource base in the Chibougamau-Chapais mining district of Quebec, Canada, positioning it as a key player in North America's gold exploration and development sector [2]. Group 1: Acquisitions - On December 19, 2025, IAMGOLD finalized the acquisition of Northern Superior Resources Inc., consolidating key deposits Philibert, Chevrier, and Croteau with its Nelligan and Monster Lake projects, valuing the deal at approximately C$267.4 million [3]. - The combined assets, now known as the Nelligan Mining Complex, are estimated to contain around 3.75 million ounces of Measured & Indicated gold resources and 8.65 million ounces of Inferred resources, supporting IAMGOLD's strategy for a centralized processing hub [4]. - On December 22, 2025, IAMGOLD completed the acquisition of Mines d'Or Orbec Inc., adding the Muus Project to its portfolio for approximately C$17.2 million, enhancing its exploration potential in the Chibougamau district [5]. Group 2: Market Position and Performance - IAMGOLD's shares have increased by 120.4% over the past six months, outperforming its industry's rise of 59.2% [8]. - The company is currently trading at a forward 12-month price-to-sales ratio of 3.76X, aligning with the industry's average, and holds a Value Score of B [11]. - The Zacks Consensus Estimate for IAMGOLD's earnings indicates year-over-year growth of 62% for 2025 and 85.4% for 2026, with EPS estimates trending higher over the past 60 days [13][14].
Here's Why You Should Retain Carpenter Technology Stock for Now
ZACKS· 2026-01-02 16:45
Core Insights - Carpenter Technology Corporation (CRS) is experiencing strong booking growth driven by robust demand, particularly in the Aerospace and Defense sectors, with shares increasing by 74.8% over the past year compared to the industry's 59.9% rise [1] Company Overview - CRS specializes in premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, serving critical applications across various end-use markets such as Aerospace and Defense, Energy, Transportation, Medical, Industrial, and Consumer and Distribution [2] Financial Estimates - The Zacks Consensus Estimate for CRS' fiscal 2026 earnings is $10.07 per share, reflecting a 34.63% year-over-year increase, with projected revenues of $3.07 billion [3][6] - CRS has consistently beaten earnings estimates in the past four quarters and anticipates an operating income of $660-$700 million for fiscal 2026, indicating approximately 30% year-over-year growth [8] Growth Drivers - The stock price momentum is supported by strong demand in Aerospace and Defense, with significant booking growth and a favorable outlook for end-use markets [4][6] - Positive macroeconomic trends in aerospace production and demand for specialty materials have enhanced earnings, with CRS improving profitability through a focus on higher-value alloys and operational efficiencies [8] Strategic Developments - CRS is enhancing growth prospects through its Carpenter Electrification brands in soft magnetics solutions and has expanded its additive manufacturing capabilities by constructing a technology center in Athens, AL, and acquiring CalRam and Puris [9] Challenges - Labor constraints and supply chain interruptions are ongoing challenges, affecting production schedules and lead times, particularly in the oil and gas submarket due to decreased drilling activity and geopolitical unrest [11] - CRS trades at a forward price-to-sales ratio of 4.86X, significantly above the industry average of 1.48X, indicating potential valuation concerns [12]
What's Behind Ingevity's 27% Rally in the Past 6 Months?
ZACKS· 2026-01-02 16:15
Core Insights - Ingevity Corporation (NGVT) shares have increased by 26.6% over the past six months, outperforming the Zacks Chemical - Specialty industry's decline of 7.3% and the S&P 500's increase of 11.8% during the same period [1][7] Group 1: Strategic Acquisitions - Ingevity is enhancing its portfolio through strategic acquisitions, including Georgia-Pacific's pine chemicals business, which has optimized production and reduced costs, leading to margin expansion [2] - The acquisition of Capa caprolactone has introduced a differentiated technology platform with applications in coatings, adhesives, and specialty polymers, contributing to a sustainable revenue stream [2] - The acquisition of Ozark Materials strengthens Ingevity's position in the construction market, allowing the company to capitalize on infrastructure demand [2] Group 2: Long-Term Growth Initiatives - Ingevity is implementing initiatives to ensure long-term growth, including repositioning its Performance Chemicals business by exiting lower-margin markets, which has improved working capital and increased free cash flow and EBITDA [3] - The potential divestiture of Advanced Polymer Technologies is expected to further enhance margins [4] - Growth is supported by the first commercial sales of Tall Oil Fatty Acid in European biofuels and expanded production capacity for soy-based fatty acids [4] - Capacity additions in caprolactone monomers and polyols, opportunities in the methane value chain, and the globalization of the Pavement Technology business are also expected to drive growth [4]
Best Momentum Stock to Buy for January 2nd
ZACKS· 2026-01-02 16:01
Group 1: Pan American Silver (PAAS) - The company is focused exclusively on silver mining and has a Zacks Rank of 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings increased by 2.3% over the last 60 days [1] - Shares gained 33.1% over the last three months compared to the S&P 500's gain of 1.9% [1] - The company possesses a Momentum Score of A [1] Group 2: USCB Financial (USCB) - This community bank offers a range of banking services including personal, business, and electronic banking [2] - The bank has a Zacks Rank of 1 and the Zacks Consensus Estimate for its current year earnings increased by 2.4% over the last 60 days [2] - Shares gained 8.1% over the last three months compared to the S&P 500's gain of 1.9% [2] - The company possesses a Momentum Score of A [2] Group 3: Allied Gold Corporation (AAUC) - The company is a gold producer with assets and development projects primarily in Cote d'Ivoire, Mali, and Ethiopia [3] - It has a Zacks Rank of 1 and the Zacks Consensus Estimate for its current year earnings increased by 7% over the last 60 days [3] - Shares gained 25.6% over the last three months compared to the S&P 500's gain of 1.9% [3] - The company possesses a Momentum Score of A [3]