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Is the CC&V Acquisition the Springboard for SSRM's Next Growth Phase?
ZACKS· 2025-07-02 16:26
Core Insights - SSR Mining Inc. (SSRM) has become the third-largest gold producer in the U.S. following the acquisition of the Cripple Creek & Victor Gold Mine (CC&V) from Newmont Corporation (NEM) [1][5] - The CC&V mine is projected to contribute approximately 170,000 ounces of gold annually, with an expected output of 90,000-110,000 ounces for the period from March 1 to December 31, 2025 [2] - SSRM's total gold production for 2025 is anticipated to be between 320,000-380,000 ounces, including contributions from Seabee, Marigold, and CC&V [2] Company Expansion and Financial Metrics - The CC&V mine, located in Colorado, has over 1.3 million ounces of proven gold reserves and has produced more than 2.5 million ounces since Newmont's acquisition in 2015 [3] - The acquisition is expected to enhance SSRM's key per-share metrics, including NAV, gold production, mineral reserves, and free cash flow, thereby improving its investment profile [4] - SSRM now ranks behind Newmont and Barrick Mining Corporation in U.S. gold production, with Newmont projected to produce approximately 5.9 million ounces in 2025 and Barrick expecting 3.15-3.5 million ounces [5][6] Stock Performance and Valuation - Year-to-date, SSRM shares have increased by 82.4%, significantly outperforming the industry growth of 12.3% and the Basic Materials sector's rise of 11.5% [7] - SSRM is currently trading at a forward 12-month price-to-earnings multiple of 7.76X, compared to the industry average of 14.20X [9] - The consensus estimate for SSRM's earnings in 2025 is $1.25 per share, reflecting a year-over-year increase of 346%, with an estimate of $2.02 for 2026 indicating a 62% rise [10]
Kibali, Africa's Largest and Greenest Gold Mine, Continues to Deliver Growth
GlobeNewswire News Room· 2025-07-02 15:30
Core Viewpoint - Barrick Mining Corporation's ongoing drilling results from the ARK-KCD corridor at Kibali mine indicate significant potential for additional ore bodies and an extended mine life, reinforcing confidence in the mine's scale and continuity [1][2]. Company Developments - The ARK-KCD system is revealing a coherent geological structure with expanding mineralization, which could enhance Kibali's reserve base within its current footprint [2]. - Since Kibali began production in 2013, the company has successfully replaced every ounce of gold mined, indicating a strong track record in reserve growth [3]. - Kibali has contributed over $6.3 billion to the Congolese economy, including $3.1 billion in payments to local contractors and partners, making it the largest economic contributor in northeastern DRC [4]. - The mine is committed to local content development, with contracts for satellite pits awarded to local businesses and support provided to over 700 Congolese companies [5]. - Barrick emphasizes that Kibali is a partnership that supports the regional economy, being Congolese-led and built for sustainability [6]. Operational Improvements - Ongoing operational enhancements in the underground mine are expected to yield significant productivity gains starting in the third quarter, focusing on long-term cost efficiency [7]. - The commissioning of a 16MW solar plant with an integrated Battery Energy Storage System has been completed, increasing renewable energy usage to 85% and allowing the site to operate on 100% renewable energy for six months each year [7][8]. Sustainability Initiatives - Biodiversity conservation is a key aspect of Barrick's sustainability strategy, with plans to introduce 64 white rhinos into Garamba National Park as part of a long-term partnership for biodiversity restoration [9]. - The Barrick Academy has facilitated training for 170 Kibali employees, contributing to the professional development of Congolese mining professionals [10]. - Community development projects funded through a 0.3% community development fund have seen 41 out of 44 projects completed, enhancing infrastructure, education, and healthcare support [11]. Future Outlook - Barrick views Kibali as a model for sustainable growth in the DRC, with plans to expand its portfolio to include not only gold but also copper projects [12].
Kibali, Africa’s Largest and Greenest Gold Mine, Continues to Deliver Growth
Globenewswire· 2025-07-02 15:30
All amounts expressed in US dollars KINSHASA, Democratic Republic of Congo, July 02, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) – Drilling results from the ARK-KCD corridor continue to strengthen confidence in its scale and continuity, demonstrating the potential to host significant additional orebodies and further extend the life of mine at Kibali, Africa’s biggest and greenest gold mine. Speaking at a media briefing in Kinshasa today, Barrick president and chief executive Mark B ...
Here's Why Barrick Mining (B) is a Strong Growth Stock
ZACKS· 2025-07-02 14:50
Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - The service includes Zacks Style Scores, which are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Group 2: Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, with ratings ranging from A to F, where A indicates the highest potential for outperformance [3] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Cash Flow [4] - The Growth Score emphasizes a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [5] - The Momentum Score assesses trends in stock prices and earnings estimates to identify favorable investment opportunities [6] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking attractive value, growth, and momentum [6] Group 3: Zacks Rank and Stock Selection - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to assist investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential success [9] - The direction of earnings estimate revisions is crucial in stock selection, as stocks with lower ranks may still have favorable Style Scores but are likely to decline in value [10] Group 4: Company Spotlight - Barrick Mining - Barrick Mining Corporation, based in Toronto, is one of the largest gold mining companies globally, with a diverse portfolio of gold and copper assets across 18 countries [11] - The company holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating solid performance potential [11] - Barrick Mining is projected to experience year-over-year earnings growth of 48.4% for the current fiscal year, supported by upward revisions from analysts [12] - The Zacks Consensus Estimate for Barrick Mining's earnings has increased by $0.21 to $1.87 per share, with an average earnings surprise of 12.5% [12]
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-In
Newsfile· 2025-07-02 11:30
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-InJuly 02, 2025 7:30 AM EDT | Source: Auranova Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") and Auranova Resources Inc. ("Auranova") are pleased to announce complete assay results from the 2025 Winter drill program at the South Uchi Project ...
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-in
Newsfile· 2025-07-02 11:30
Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-inJuly 02, 2025 7:30 AM EDT | Source: Kenorland Minerals Ltd.Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") and Auranova Resources Inc. ("Auranova") are pleased to announce complete assay results from the 2025 Winter drill program at the South Uchi Project ...
Wallbridge Exploration Drilling Continues to Intercept High-Grade Gold Mineralization at Martiniere
Globenewswire· 2025-07-02 11:00
Core Viewpoint - Wallbridge Mining Company Limited announced positive results from the first phase of drilling at its Martiniere gold project, highlighting high-grade gold intercepts and the potential for further resource expansion [1][4][15]. Drilling Results - The first phase of the 2025 drilling program included 16 diamond drill holes totaling 7,225 meters, with results indicating significant gold mineralization across multiple zones [4][15]. - Notable intercepts include: - MR-25-123: 16.30 g/t Au over 1.5 m and 10.60 g/t Au over 2.1 m [3][12]. - MR-25-125: 23.38 g/t Au over 2.0 m, including 45.70 g/t Au over 1.0 m [3][12]. - MR-25-124: 6.83 g/t Au over 1.9 m, including 16.60 g/t Au over 0.7 m [3][12]. - True widths of the reported intervals are estimated to be 60-90% of the core length [2][20]. Exploration Potential - The exploration team is planning the next phase of drilling based on encouraging results and insights from the 2024 exploration program, with Phase II scheduled to begin later in July 2025 [1][4]. - The Martiniere gold system is believed to extend beyond the currently defined mineral resource, with ongoing exploration aimed at expanding this resource [1][5]. Project Location and Context - The Martiniere project is part of the larger 830 square kilometer Detour-Fenelon Trend property package in Northern Abitibi, Quebec, located near significant gold mining operations [15][18]. - The project has identified gold mineralization over an area of approximately 1,500 by 700 meters, with potential extending to depths of 800 to 900 meters [10][15]. Quality Assurance - Wallbridge maintains a robust Quality Assurance/Quality Control program for its exploration projects, ensuring the integrity of sampling and analysis processes [16].
Inventus Signs Milling Agreement With McEwen Mining
Globenewswire· 2025-07-02 11:00
TORONTO, July 02, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to announce that it has signed a milling agreement with McEwen Mining for the processing of bulk sample material from its 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario. Highlights Milling agreement signed with McEwen MiningBulk Sample extraction from 007 North site progressing on schedule with milling expected in late JulyGrade-control drilling resumes to define ...
金价小幅回落,黄金股ETF(159562)逆势走强,年内涨幅近42%
2 1 Shi Ji Jing Ji Bao Dao· 2025-07-02 03:18
Group 1 - COMEX gold prices experienced a rise and subsequent decline, while SGE gold showed a slight correction, indicating market volatility [1] - The performance of gold-related ETFs varied, with Huaxia ETF (518850) rising nearly 25% year-to-date and reaching a record high of 4.92 billion yuan in product scale as of July 1 [1] - The gold stock ETF (159562) increased by 1.1%, with a year-to-date gain of approximately 42%, significantly outperforming the gold price increase [1] Group 2 - London spot gold prices saw a cumulative increase of 25.7% in the first half of 2025, marking the largest half-year gain since the second half of 2007 [1] - Experts suggest that factors such as geopolitical conflicts, a weakening dollar, and central bank gold purchases continue to support gold prices, with expectations of a continued upward trend in the second half of the year [1] - Recent U.S. economic data showed better-than-expected results, contributing to a rebound in precious metals after a period of decline, while the dollar index remains on a downward trend [2]
GoldMining Options Up to 80% of the Boa Vista Project to Australian Mines Limited for Total Consideration of Up to $7 million
Prnewswire· 2025-07-02 00:08
Core Viewpoint - GoldMining Inc. has entered into a binding Earn-In Agreement with Australian Mines Limited, allowing AUZ to acquire up to an 80% interest in the Boa Vista Project in Brazil for up to $7 million in cash and equity payments, while GoldMining retains a 20% interest if the option is fully exercised [1][2][5]. Group 1: Earn-In Agreement Details - AUZ can earn a 51% interest in the Boa Vista Project within three years by meeting specific conditions [3]. - A further 19% interest can be earned, bringing AUZ's total to 70%, within three years after completing the first option [3]. - AUZ has an additional option to earn a further 10% interest (totaling 80%) within 90 days after the second option is completed [3][4]. Group 2: Financial Considerations - The initial consideration includes a non-refundable cash payment of $55,000 and the issuance of AUZ Shares valued at AUD$1 million (approximately $884,000) [4]. - AUZ must incur minimum exploration expenditures of AUD$4.5 million (approximately $3,978,000), including completing at least 6,000 meters of diamond core drilling and making three annual cash payments of $250,000 [4]. - A JORC-compliant mineral resource estimate of at least 500,000 gold ounces must be announced, with at least 250,000 ounces in the measured and indicated categories [4]. Group 3: Project Overview - The Boa Vista Project is located in the Tapajós Gold District, covering approximately 9,201 hectares (92 km²) [6]. - GoldMining currently holds an 84.05% interest in the project, with Majestic D&M Holdings, LLC owning the remaining 15.95% [6]. - The project area is characterized by granites, granodiorites, and mafic volcanics, with mineralization considered to be mesothermal in nature [7][8]. Group 4: Company Background - GoldMining Inc. is focused on acquiring and developing gold assets in the Americas, controlling a diversified portfolio of resource-stage gold and gold-copper projects across several countries [10]. - The company also holds shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp., enhancing its investment portfolio [10].