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Wesdome Gold Mines Appoints Faheem Tejani as an Independent Director and Audit Committee Chair
Globenewswire· 2025-12-30 22:00
Core Viewpoint - Wesdome Gold Mines Ltd. has appointed Mr. Faheem Tejani to its Board of Directors, effective December 31, 2025, increasing the board to eight members, including seven independent directors [1][2]. Group 1: Appointment Details - Mr. Faheem Tejani will serve as an independent director and Chair of the Audit Committee [2]. - He has over 25 years of experience in finance and capital markets, with expertise in strategic financial planning, investment management, and capital allocation [2]. - Tejani has been President of Capital Asset Lending Inc. since 2018 and previously held significant roles at BMO Capital Markets from 2000 to 2018 [2]. Group 2: Company Overview - Wesdome is a Canadian-focused gold producer with two high-grade underground assets: Eagle River in Northern Ontario and Kiena in Val-d'Or, Québec [3]. - The company's primary goal is to leverage its operating platform and exploration pipeline to build a value-driven mid-tier gold producer [3].
Viva Gold Closes Oversubscribed Private Placement
Thenewswire· 2025-12-30 22:00
Core Viewpoint - Viva Gold Corp. has successfully completed a non-brokered private placement, raising gross proceeds of CDN$4,183,273 through the issuance of 26,145,456 units, which will be utilized for advancing the Tonopah Gold Project [1][2]. Group 1: Offering Details - The Offering consisted of 26,145,456 units priced at CDN$0.16 each, with each unit comprising one common share and one-half of a non-transferable common share purchase warrant [1]. - Each whole warrant is exercisable at CDN$0.24 per share until December 29, 2028, which is 36 months from issuance [1]. - Insiders acquired 6,490,956 units, qualifying as a "related party transaction" but exempt from formal valuation and minority shareholder approval due to the transaction's size relative to the company's market capitalization [3]. Group 2: Use of Proceeds - The proceeds from the Offering will primarily fund pre-feasibility and feasibility studies at the Tonopah Gold Project, including necessary technical and environmental studies [4]. - Additional allocations include geophysical surveys, geological work, and general working capital [4]. Group 3: Finder's Fees - The Company will pay finder’s fees totaling CDN$84,154 and issue 525,962 Finder's Warrants, each exercisable at CDN$0.24 per share until December 29, 2028 [5]. Group 4: Regulatory Approval - The Offering is subject to final approval from the TSX Venture Exchange, and the securities issued will be under a statutory hold period of four months and one day from the issuance date [6]. Group 5: Company Overview - Viva Gold's Tonopah Gold Project is strategically located in a prominent mining area in Nevada, with a developed high-confidence gold mineral resource and potential for an economically viable open pit project [10]. - The Company is led by experienced professionals, including CEO James Hesketh, who has extensive experience in mining development and construction [10].
Blue Gold CEO Andrew Cavaghan Highlights Recent Milestones and Gold-Backed Stable Coin Market Opportunities in Newly Released Interview
Globenewswire· 2025-12-30 20:30
Core Insights - Blue Gold Limited is advancing its platform to support a gold-backed stable coin, a consumer-facing digital wallet, and a proprietary gold production and trading platform, as discussed by CEO Andrew Cavaghan in a recent interview [1] - The company emphasizes its commitment to transparency and aims to enhance shareholder value through strategic initiatives and innovation in 2025 [1] - Blue Gold Limited focuses on responsible mining practices to create shareholder value while minimizing environmental impact [3] Company Overview - Blue Gold Limited (Nasdaq: BGL) is a next-generation gold development company that aims to acquire and aggregate high-potential mining assets globally [2] - The company's mission is to unlock untapped value in the gold sector by combining disciplined resource acquisition with innovative monetization models, including asset-backed digital instruments [2] - Blue Gold is dedicated to redefining how gold is produced, accessed, and owned in the 21st century through modern financial technologies [2]
Blue Gold CEO Andrew Cavaghan Highlights Recent Milestones and Gold-Backed Stable Coin Market Opportunities in Newly Released Interview
Globenewswire· 2025-12-30 20:30
Group 1 - The core focus of Blue Gold Limited is on developing a gold-backed stablecoin, a consumer-facing digital wallet, and a proprietary gold production and trading platform, as highlighted by CEO Andrew Cavaghan in a recent interview [1] - The company aims to enhance shareholder value through strategic initiatives and innovation, demonstrating a commitment to transparency and a vertically integrated gold fintech model [1][3] - Blue Gold Limited is dedicated to responsible mining practices, which it believes will create shareholder value while minimizing environmental impact [3] Group 2 - Blue Gold Limited is positioned as a next-generation gold development company, focusing on acquiring high-potential mining assets globally and leveraging modern financial technologies [2] - The company's mission includes unlocking untapped value in the gold sector through innovative monetization models, including asset-backed digital instruments [2] - The company emphasizes sustainable development and operational transparency in its business practices [3]
These 10 Stocks Are All Up More Than 99% in 2025. 3 of Them Look Likely to Keep Going Higher.
Yahoo Finance· 2025-12-30 20:12
When the 10th best performer is “only” up about 100% year to date, you know you are looking at a list of the very best. That’s what you see below. Through last Wednesday, these were the 10 best stocks by year-to-date performance within the S&P 500 Index ($SPX). They range from 99% to 301%, with the average stock in the group returning… a lot of profits… to those who held throughout the year. More News from Barchart Sexy returns, eh? But is it a trap? Or, are some on this list bound to continue higher d ...
Newmont: Average On The Cost Curve, But Above Average Upside Potential
Seeking Alpha· 2025-12-30 17:53
Core Insights - Newmont Corporation (NEM) is primarily a gold miner but has some exposure to copper, which is a point of discussion among analysts [1] Company Analysis - The company is analyzed through a comprehensive approach that includes maintaining spreadsheets with historical financial data, key metrics, guidance trends, and performance indicators [1] - The focus is on assessing the company's delivery and outlook on five key drivers of DCF valuation: revenues, costs and margins, cash flow conversion, capex and investments, and interest rates [1] Investment Strategy - The investment strategy involves a generalist approach, exploring sectors with perceived alpha potential compared to the S&P 500, with typical holding periods ranging from a few quarters to multiple years [1] - The analyst emphasizes the importance of historical performance over long-term financial projections, suggesting that this approach may provide more actionable insights [1]
Ascot Announces Closing of the First Tranche of Private Placement, Changes to Leadership and Creditor Restructuring
Globenewswire· 2025-12-30 17:27
Core Viewpoint - Ascot Resources Ltd. has successfully closed the first tranche of a brokered private placement, raising approximately C$80.1 million to further develop its Premier Gold Mine and Red Mountain project, while also undergoing significant leadership changes and financial restructuring [1][7][4]. Financing and Offerings - The first tranche of the offering consisted of 133,588,478 hard dollar units priced at C$0.60 per unit, generating gross proceeds of approximately C$80.1 million [7]. - The proceeds from the offering will be utilized for the development of the Premier Gold Mine and Red Mountain project, as well as for general corporate purposes [11]. - The offering is being conducted by a syndicate of agents co-led by Canaccord Genuity Corp. and Raymond James Ltd. [8]. Leadership Changes - Jim Currie will step down as President, CEO, and Director, with Robert McLeod taking over the role [4]. - Alex Morrison will join the Board of Directors as Lead Director, and Ryan Wemark will become Executive Vice-President [4]. Project Development Plans - The company plans to announce detailed development plans for its projects, including a corporate rebrand and proposed name change [6]. - The Red Mountain Project is highlighted as a key asset for the successful commissioning of a centralized mill to process materials from multiple deposits in the Golden Triangle [6]. Financial Restructuring - The company has entered into amended agreements with Nebari and Sprott, extending loan maturity dates and restructuring payment terms [2][13][15]. - The company has settled existing lien claims related to the Premier Gold Mine using proceeds from a recent rights offering [2][17]. Shareholder Participation - Ccori Apu acquired 50,416,667 HD Units for approximately C$30.25 million, increasing its ownership stake in the company [30]. - Following the transactions, Ccori Apu now controls 35.6% of the issued and outstanding Common Shares on a non-diluted basis [30].
The Dow Jones To Gold Ratio Just Triggered A Major 2008-Style Stock Market Warning
Seeking Alpha· 2025-12-30 17:19
Core Viewpoint - Precious metals such as gold, silver, and platinum have been experiencing significant price increases, indicating a bullish trend in the market for these commodities [1]. Group 1: Investment Strategy - The article suggests a strong investment opportunity in gold mining stocks, with a recommendation to "back up the truck" on these assets as of March 2025 [1]. - The author has a successful track record in stock market investing, focusing on strategic buying opportunities, particularly in dividend and value stocks [1]. Group 2: Analyst Background - The author has achieved a near 5-star rating on Tipranks.com and has garnered over 9,000 followers on Seeking Alpha, indicating a reputable presence in the investment community [1]. - The article emphasizes that the author's opinions are independent and not influenced by any business relationships with the companies mentioned [1].
Gold Fields or Agnico Eagle: Which Gold Mining Stock is the Better Buy?
ZACKS· 2025-12-30 16:30
Key Takeaways Gold Fields lifted Q3 gold equivalent output about 22% year over year to roughly 621,000 ounces. GFI cut all-in sustaining costs about 10% quarter over quarter to nearly $1,557 per ounce. AEM generated over $1.1B in Q3 free cash flow on production of about 867,000 ounces and cost control. Gold Fields Limited (GFI)  and Agnico Eagle Mines Limited (AEM)  are two leading names in the global gold mining industry, each benefiting from elevated bullion prices and shifting investor demand for defensi ...
ATI Stock Rises 43% in 3 Months on Demand-Driven Momentum
ZACKS· 2025-12-30 16:25
Core Insights - ATI Inc.'s shares have increased by 43.4% over the past three months, outperforming the Zacks Aerospace-Defense Equipment's 1.5% rise and the S&P 500's approximately 4.7% increase during the same period [1][7]. Group 1: Company Performance - ATI is experiencing strong momentum in the aerospace and defense markets, with increased production rates on major commercial aerospace platforms and rising demand for isothermal forgings leading to higher shipment volumes [3][7]. - The robust aftermarket environment, expanding MRO demand, and increased customer diversification are contributing to higher jet engine revenues, particularly through the GTF engine overhaul program and improving OEM build rates [3][7]. Group 2: Cost Management and Efficiency - The company is focused on reducing costs to maintain long-term profitability, implementing structural transformation initiatives to enhance returns [4]. - Investments in equipment reliability and AI technology are enabling ATI to predict potential issues and proactively address them before they occur [4]. Group 3: Return on Investment - ATI boasts a return on investment (ROI) that significantly exceeds industry levels, indicating efficient capital utilization [5]. - Current capital projects are operational and generating value, with additional plans expected to create a growth opportunity of 15-20% in Hot-Rolling and Processing Facility utilization [5].