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SolGold rejects Jiangxi takeover bid amid copper deals frenzy
MINING.COM· 2025-11-28 17:03
Core Viewpoint - SolGold has rejected a preliminary takeover offer from Jiangxi Copper Co, which has led to a significant increase in its share price, indicating strong confidence in its standalone prospects [1][2]. Company Summary - SolGold is focused on the Cascabel copper-gold project in northern Ecuador and has received two takeover offers from Jiangxi Copper in less than a week [1][2]. - Jiangxi Copper, which holds a 12% stake in SolGold, proposed a price of 26 pence per share, but the board of SolGold unanimously rejected this offer [2]. - The board of SolGold has advised shareholders to take no action while it considers its next steps regarding the takeover proposals [2]. Industry Context - SolGold has been viewed as a potential acquisition target for major Western miners like BHP and Newmont, which hold stakes of 10.4% and 10.3% respectively [3]. - Interest from these major miners has diminished due to disputes over funding the Cascabel project and changes to its scope [3]. - The renewed interest from Jiangxi Copper coincides with increasing attention on copper assets, driven by forecasts of a supply crunch related to global electrification [4].
$1.6M raise fuels Askari's gold-copper push
Proactiveinvestors NA· 2025-11-28 07:16
Core Insights - Askari Metals Ltd has acquired full ownership of Hong Kong Xingxu Mining International Investment, gaining complete rights to the Nejo Gold and Copper Project in Ethiopia [1][9] - The project consists of three licenses valid until March 2028, providing a multi-year window for exploration and feasibility work [2][9] - A recent AUD 1.6 million capital raise through a rights issue demonstrates shareholder alignment with the company's exploration strategy, with most funds directed towards Nejo [3][11] Project Development - The acquisition allows Askari Metals unencumbered access to explore and conduct activities in Ethiopia, supporting its broader African exploration strategy [10][9] - Initial exploration activities commenced approximately two and a half weeks ago, focusing on community engagement and preparation for the maiden drilling campaign [5][14] - The company is digitizing historical exploration data to enhance drill targeting and inform program design, with plans extending into 2026 [6][15] Funding and Exploration Plans - The capital raise enables the company to run multiple workstreams simultaneously, including an initial diamond drilling campaign, infill and extensional trenching, and aerial geophysical surveys [4][12] - In addition to Nejo, Askari plans to recommence exploration at the Oelsner Project, targeting tin, tantalum, and rubidium, which will support ongoing news flow [7][13] - The company emphasizes the importance of community support and historical data access in preparing for the exploration campaign [5][15]
Barrick Mining (B) Upgraded to Buy: Here's Why
ZACKS· 2025-11-27 18:01
Core Viewpoint - Barrick Mining has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive earnings outlook that may lead to increased stock price [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is a significant factor influencing stock prices [2][4]. - A strong correlation exists between earnings estimate revisions and near-term stock movements, with institutional investors playing a role in this relationship [4][6]. Barrick Mining's Earnings Outlook - For the fiscal year ending December 2025, Barrick Mining is expected to earn $2.25 per share, which remains unchanged from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Barrick Mining has increased by 13.8%, reflecting a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - Barrick Mining's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].
Adyton Resources Announces Filing of Financial Statements and MD&A for the Three & Nine Months Ended September 30, 2025
Newsfile· 2025-11-26 23:12
Core Viewpoint - Adyton Resources Corporation has filed its financial statements and Management Discussion and Analysis for the three and nine months ended September 30, 2025, highlighting its ongoing exploration efforts in Papua New Guinea's gold and copper resources [1][2]. Company Overview - Adyton Resources Corporation is focused on developing gold and copper resources in mineral-rich jurisdictions, particularly in Papua New Guinea, where it has a portfolio of mineral exploration projects [2]. - The company aims to expand its identified gold Inferred and Indicated Mineral Resources and significant copper drill intercepts at its 100% owned Feni Island project [2]. Mineral Resource Estimates - The total Mineral Resource Estimate for Adyton's projects in Papua New Guinea includes indicated resources of 173,000 ounces of gold and inferred resources of 2,000,000 ounces of gold [3]. - The Feni Island Project has an initial inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, equating to 1,460,000 ounces of contained gold [4]. - The Fergusson Island Project has an indicated mineral resource of 4.0 million tonnes at an average grade of 1.33 g/t Au for 173,000 ounces of contained gold, and an inferred mineral resource of 16.3 million tonnes at an average grade of 1.02 g/t Au for 540,000 ounces of contained gold [5].
OTC Markets Group Welcomes GoldQuest Mining Corp. to OTCQX
Globenewswire· 2025-11-26 12:00
Core Insights - GoldQuest Mining Corp. has qualified to trade on the OTCQX Best Market, upgrading from the Pink Limited Market, which is expected to enhance visibility and access for U.S. investors [1][4]. Company Overview - GoldQuest Mining Corp. is a Canadian exploration and development company focused on advancing its gold and copper assets in the Dominican Republic, with significant participation from Dominican investors [4][5]. - The company is well-funded to carry out exploration programs and advance the development of its Romero gold/copper discovery located in the Tireo Formation of the Dominican Republic [5]. Market Context - The OTCQX Market provides a platform for companies to offer transparent trading for U.S. investors, requiring adherence to high financial standards and best practice corporate governance [3]. - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, facilitating efficient access to the U.S. financial markets [6].
OTC Markets Group Welcomes GoldQuest Mining Corp. to OTCQX - GoldQuest Mining (OTC:GDQMF), OTC Markets Gr (OTC:OTCM)
Benzinga· 2025-11-26 12:00
Core Insights - GoldQuest Mining Corp. has qualified to trade on the OTCQX Best Market, upgrading from the Pink Limited Market, which is expected to enhance visibility and access for U.S. investors [1][4]. Company Overview - GoldQuest Mining Corp. is a Canadian exploration and development company focused on advancing its gold and copper assets in the Dominican Republic [1][4]. - The company has strong participation from Dominican investors and a management team with experience in developing operational mines in the country [4]. Trading and Market Information - GoldQuest Mining Corp. begins trading on OTCQX under the symbol "GDQMF," with financial disclosures and real-time quotes available on the OTC Markets website [2]. - The upgrade to OTCQX signifies adherence to high financial standards and best practice corporate governance, allowing the company to utilize its home market reporting for U.S. investors [3]. Strategic Goals - The CEO of GoldQuest, Luis Santana, stated that joining the OTCQX platform supports the company's goal of attracting a broader pool of institutional and retail capital as they advance the Romero project to a feasibility study [4]. - The company is well-funded to carry out exploration programs and develop its Romero gold/copper discovery located in the Tireo Formation of the Dominican Republic [5].
Barrick Announces Board Changes
Globenewswire· 2025-11-26 12:00
Group 1 - Barrick Mining Corporation announced the resignation of Ben van Beurden as a Director and Lead Independent Director, with Loreto Silva appointed as his successor [1] - John Thornton, Chairman of the Board, expressed gratitude for Ben's contributions and emphasized the Board's commitment to delivering long-term value for shareholders [2] - Barrick is recognized as a leading global mining company with a significant portfolio of gold and copper assets, including six Tier One gold mines, operating in 18 countries across five continents [2]
GoldQuest Commences Trading on the OTCQX Under Symbol GDQMF
Newsfile· 2025-11-26 12:00
Core Points - GoldQuest Mining Corp. has qualified for trading on the OTCQX Best Market, effective November 26, 2025, under the symbol "GDQMF" while continuing to trade on the TSX Venture Exchange under "GQC" [1][2] - The listing on OTCQX is expected to enhance visibility and access to U.S. investors, supporting the company's goal of attracting institutional and retail capital for advancing the Romero project to a feasibility study [2] - GoldQuest is a Canadian exploration and development company focused on gold and copper assets in the Dominican Republic, with strong local investor participation [4] Company Overview - GoldQuest Mining Corp. is well-funded to carry out exploration programs and advance the development of its Romero gold/copper discovery located in the Tireo Formation of the Dominican Republic [5] - The company has a management team with prior experience in developing a mine that is still operational in the Dominican Republic [4]
Paradigm Gold Receives 5 Year Drill Permit for Swift Katie Gold-Copper Property, BC
Newsfile· 2025-11-25 14:00
Core Viewpoint - Paradigm Gold Corporation has received a 5-year drilling permit for the Swift Katie Gold-Copper Property in British Columbia, allowing for exploration until December 31, 2030 [1]. Drilling Plans - Preparation for drilling is set to begin in early 2026, focusing on expanding gold mineralization identified in a 2017 drill program at the Swift Target, with an initial plan of 2,000 meters of drilling [2]. - The drilling will target areas around the TR19 zone and SK17-019, which previously assayed 8.6 meters of 3.1 grams per tonne (g/t) Au [2]. Mineralization Insights - The Katie Copper-Gold Porphyry target has also been permitted for drilling, with semi-continuous, strongly anomalous Cu-Au mineralization outlined over a cumulative strike length of 1.8 kilometers [3]. - Highlights from previous drilling at the Katie Target include 101.5 meters of 0.19% Cu and 0.12 g/t Au, including 12.8 meters of 0.43% Cu and 0.15 g/t Au from hole VKT08-069 [3]. Property Overview - The Swift Katie Project consists of 19 contiguous MTO mineral claims covering 83 square kilometers in a geologically favorable area of British Columbia, historically known for significant mining camps [4]. - Drilling to date has identified three accumulations of semi-continuous Cu-Au mineralization over a cumulative strike length of 1,800 meters, with plans for eight infill holes totaling 2,600 meters to enhance mineralization size and continuity [5]. Exploration Potential - The Au-Ag zones at the Swift target show promise for further exploration based on encouraging results from drilling in 2016 and 2017, with mineralization hosted in altered volcaniclastic rocks of the Elise Formation [6]. - The geological environment may indicate a transition from a porphyry to an epithermal system, similar to mineralization styles found in the historic Rossland Mining Camp, located 25 kilometers west of the property [6]. Company Background - Paradigm Gold has an experienced management and exploration team with a successful track record in North America, focusing on quality projects to enhance shareholder value [7]. - The company's flagship property is the 100% owned Swift-Katie Cu/Au project, which benefits from year-round access and excellent infrastructure [7].
3 Reasons Growth Investors Will Love Newmont (NEM)
ZACKS· 2025-11-24 18:46
Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, particularly in the financial sector, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing a company's real growth prospects beyond traditional metrics [2] - Newmont Corporation (NEM) is highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly attractive [3] - Newmont's projected EPS growth for the current year is 71.2%, significantly surpassing the industry average of 65.6% [4] Group 3: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, allowing them to fund new projects without relying on external financing [5] - Newmont's year-over-year cash flow growth stands at 89.5%, well above the industry average of 6% [5] - The company's historical annualized cash flow growth rate over the past 3-5 years is 17.5%, compared to the industry average of 15.4% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions are correlated with stock price movements, making them an important consideration for investors [7] - Newmont has experienced a 5.4% increase in current-year earnings estimates over the past month, indicating positive momentum [7] Group 5: Overall Positioning - Newmont has achieved a Growth Score of B and a Zacks Rank of 2 due to favorable earnings estimate revisions, positioning it well for potential outperformance [9]