Workflow
Gold Mining
icon
Search documents
Galantas Gold Announces Acquisition of RDL Mining Corp. with Option to Develop Indiana Gold-Copper Project in Chile and Brokered Private Placement to Raise up to $7 million
Globenewswire· 2025-11-13 21:53
Core Viewpoint - Galantas Gold Corporation has entered into a share purchase agreement to acquire RDL Mining Corp, aiming to advance the Indiana gold-copper project in Chile, which RDL holds an option to acquire 100% interest from Minería Activa SpA [1][2] Company Overview - Galantas Gold Corporation trades on the TSX Venture Exchange and the London Stock Exchange AIM market under the symbol GAL, and on the OTCQB Exchange as GALKF [36] - The company's strategy focuses on expanding gold production and resources at the Omagh Project in Northern Ireland and exploring the Gairloch Project in Scotland [36] Transaction Details - The acquisition will involve Galantas issuing approximately 132 million shares to RDL shareholders, representing 49.99% of the outstanding shares post-transaction [8][10] - RDL shareholders will also receive a 0.66% net smelter returns royalty, totaling approximately 2% for the Indiana Project [8] - The transaction is subject to approval from the TSX Venture Exchange and other customary closing conditions [9][28] Indiana Project Insights - The Indiana Project is located in a prolific mining district in Chile, with a historical inferred mineral resource estimate of 607,000 ounces of gold equivalent, consisting of 3.09 million tonnes at an average grade of 2.8 g/t gold and 1.6% copper [4][6] - The project has significant exploration potential, with over 20 veins remaining untested and a commitment from RDL to spend a minimum of US$1 million annually on exploration during the option period [11][12] Management and Board Changes - Following the transaction, Lawrence Roulston will join the Galantas Board as a non-executive director, and Robert Sedgemore will become Senior Vice President, Operations [17][18] - Both Roulston and Sedgemore bring extensive mining experience, particularly in major Chilean mines [18][19] Concurrent Financing - Galantas plans to raise up to $7 million through a brokered private placement to fund exploration and option payments related to the Indiana Project [20][24] - Each unit in the financing will consist of one Galantas share and one purchase warrant, with the financing expected to close around December 4, 2025 [21][25] Shareholder Support - The Galantas Board has unanimously approved the transaction, and shareholders holding approximately 57% of the outstanding shares have expressed support for the transaction [29][30]
Trade Tracker: Bill Baruch buys Coeur Mining, Gold Royalty, and buys more Agnico Eagle and Kinross
Youtube· 2025-11-13 18:57
Core Mining and Acquisitions - Core Mining has recently entered the main portfolio, acquiring New Gold, which is expected to enhance their free cash flow to $2 billion by 2026 [1][2] - The merger is anticipated to improve efficiency, increase margins, and boost productivity, positioning Core Mining among the best in the industry [3] Gold Market Trends - Gold prices are approaching a new all-time high, currently above $4,200, which is expected to positively impact mining companies [1] - The valuation of royalty companies in the gold sector is considered undervalued, with potential increases of up to 150% as gold prices stabilize [3][4] Investment Strategy - The company is actively managing a mining portfolio and reallocating cash to capitalize on market pullbacks, indicating a long-term bullish trend in the gold market [5]
Loncor Gold Announces Calling of Shareholders' Meeting
Newsfile· 2025-11-13 18:48
Core Viewpoint - Loncor Gold Inc. is proposing an arrangement with Chengtun Mining Group Co., Ltd. to acquire all issued and outstanding common shares for Cdn$1.38 per share in cash, representing a significant premium over recent trading prices [1][6][11]. Company Overview - Loncor Gold Inc. is a Canadian gold exploration company focused on the Ngayu Greenstone Gold Belt in the Democratic Republic of the Congo, with a resource base that includes an indicated mineral resource of 1.88 million ounces of gold and an inferred mineral resource of 2.09 million ounces of gold [12]. Transaction Details - The arrangement requires shareholder approval at a special meeting scheduled for December 11, 2025, with a minimum of 66 2/3% of votes needed for approval [3][11]. - The proposed cash consideration of Cdn$1.38 per share represents a premium of approximately 48% to the 60-day volume weighted average trading price, 33% to the 30-day VWAP, and 16% to the closing price as of October 10, 2025 [6][7]. - Approximately 37% of currently issued shares have signed voting support agreements in favor of the arrangement [5]. Approval Process - The arrangement must also receive approval from the Ontario Superior Court of Justice, which will assess the fairness and reasonableness of the transaction [4][11]. - Following the completion of the arrangement, Loncor's shares will be delisted from the Toronto Stock Exchange and other exchanges, and the company will cease to be a reporting issuer in Canada and the United States [11]. Strategic Rationale - The all-cash offer provides certainty of value and immediate liquidity to shareholders, while eliminating future dilution and execution risks [15].
Goliath Resources Discloses Observations In Holes From This Years Exploration Campaign On The Surebet Discovery, Golden Triangle, B.C.
Globenewswire· 2025-11-13 17:54
Infographic 1 Infographic 1 Infographic 2 Infographic 2 Infographic 3 Infographic 3 Infographic 4 Infographic 4 Infographic 5 Infographic 5 Infographics accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ec2df2de-dfb1-4a07-8407-651fd33a4858 https://www.globenewswire.com/NewsRoom/AttachmentNg/9eb0fcd5-0106-4902-987f-4d7ff49ce32a https://www.globenewswire.com/NewsRoom/AttachmentNg/3aee281a-bd31-48c9-aae4-8122c1e3b6b1 https://www.globenewswi ...
Goliath Resources Discloses Observations In Holes From This Years Exploration Campaign On The Surebet Discovery, Golden Triangle, B.C.
Globenewswire· 2025-11-13 17:54
Infographics accompanying this announcement are available at  https://www.globenewswire.com/NewsRoom/AttachmentNg/ec2df2de-dfb1-4a07-8407-651fd33a4858 https://www.globenewswire.com/NewsRoom/AttachmentNg/9eb0fcd5-0106-4902-987f-4d7ff49ce32a https://www.globenewswire.com/NewsRoom/AttachmentNg/3aee281a-bd31-48c9-aae4-8122c1e3b6b1 https://www.globenewswire.com/NewsRoom/AttachmentNg/b74c8b60-de44-4c9d-8e1d-27451a40500a 100% of the drill holes completed to date on Surebet have intersected substantial quartz-sulph ...
B vs. AGI: Which Stock Is the Better Value Option?
ZACKS· 2025-11-13 17:41
Core Insights - Barrick Mining (B) is currently rated 2 (Buy) by Zacks, while Alamos Gold (AGI) is rated 3 (Hold), indicating a stronger earnings outlook for B compared to AGI [3] - Value investors focus on various valuation metrics to determine if a stock is undervalued, including P/E ratio, P/S ratio, earnings yield, and cash flow per share [4] Valuation Metrics - Barrick Mining has a forward P/E ratio of 16.76, while Alamos Gold has a forward P/E of 22.93, suggesting B is more attractively priced [5] - The PEG ratio for Barrick Mining is 0.44, compared to AGI's PEG ratio of 0.52, indicating B's expected earnings growth is more favorable [5] - Barrick Mining's P/B ratio is 1.86, significantly lower than AGI's P/B of 3.51, further supporting B's superior valuation [6] - Overall, Barrick Mining has a Value grade of B, while Alamos Gold has a Value grade of C, highlighting B as the better value option at present [6]
Paradigm Gold Closes First Tranche and Extends Closing of Non-Brokered Private Placement
Newsfile· 2025-11-13 17:31
Paradigm Gold Closes First Tranche and Extends Closing of Non-Brokered Private PlacementNovember 13, 2025 12:31 PM EST | Source: Paradigm Gold CorporationVancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - Paradigm Gold Corporation (TSXV: PDQ) ("Paradigm" or the "Company") has received Exchange approval to extend the closing of its previously announced non-brokered private placement for a period of 30 days. The Company plans to issue up to 9,000,000 units for total gross procee ...
Stock news for investors: Barrick leads earnings gains as major Canadian companies report mixed Q3 results
MoneySense· 2025-11-13 17:16
Company Performance - Barrick's revenue totaled US$4.15 billion, an increase from US$3.37 billion year-over-year [1] - Barrick's adjusted earnings per share rose to 58 cents, compared to 30 cents per share a year ago [1] - MEG Energy reported net earnings of $159 million, down from $167 million in the same period last year [5][7] - Loblaw's profit attributable to common shareholders was $794 million, up from $777 million a year ago [9][13] - Manulife's net income attributed to shareholders was $1.8 billion, slightly down from $1.84 billion year-over-year [15] Production and Pricing - Barrick's gold production decreased to 829,000 ounces from 943,000 ounces a year ago, while the realized gold price increased to US$3,457 per ounce from US$2,494 per ounce [2] - Copper production for Barrick rose to 55,000 tonnes from 48,000 tonnes, with a realized copper price of US$4.39 per pound, up from US$4.27 per pound [2] - MEG Energy's production reached a record of 108,166 barrels per day, compared to 103,298 barrels per day in the prior-year quarter [6] Dividends and Corporate Changes - Barrick increased its quarterly base dividend to 12.5 cents per share from 10 cents, with an additional performance dividend of five cents per share, totaling 17.5 cents per share [3] - Barrick appointed Mark Hill as interim president and CEO following the departure of Mark Bristow, and is seeking a permanent replacement [3] Market Trends - Loblaw's food retail same-store sales increased by 2%, while drug retail same-store sales rose by 4%, with pharmacy and health-care same-store sales growth of 5.9% [11] - Manulife's core earnings in Asia and Canada reached record levels, with US$550 million in Asia and US$428 million in Canada [16]
Integra Resources(ITRG) - 2025 Q3 - Earnings Call Transcript
2025-11-13 17:00
Financial Data and Key Metrics Changes - In Q3 2025, the company reported record revenue of $70.7 million, with operating cash flow of $35.6 million generated from Florida Canyon [9][36] - Adjusted earnings for the quarter were $16.3 million, or $0.10 per share, marking a total year-to-date adjusted earnings of $32.5 million, or $0.19 per share [10][36] - The cash balance at the end of the quarter was $81.2 million, the strongest financial position in the company's history [10][36] Business Line Data and Key Metrics Changes - Florida Canyon produced 20,653 ounces of gold in Q3 2025, with a cash cost of $1,876 per ounce and all-in sustaining cost (AISC) of $2,647 per ounce [9][14] - Year-to-date production from Florida Canyon reached 58,063 ounces, aligning with the annual guidance of 70,000-75,000 ounces [14] - The average realized gold price during the quarter was $3,464 per ounce, demonstrating significant cash flow leverage [9][36] Market Data and Key Metrics Changes - The company noted that elevated gold prices are adding cost pressure, with a $100 per ounce change in gold price resulting in an estimated $7 change to both cash costs and mine site AISC [15] - The average gold price realized year-to-date was $3,228 per ounce [36] Company Strategy and Development Direction - The acquisition of Florida Canyon has transformed the company from a gold developer to a gold producer, providing a reliable cash flow source to advance other projects [5][7] - Major investments are underway at Florida Canyon, including heap leach pad expansion and process optimization, aimed at sustaining and growing the operation [6][17] - The company aims to become a U.S.-focused intermediate gold producer, with ongoing work at Florida Canyon supporting the advancement of the Delamar and Nevada North projects [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Florida Canyon's ability to generate cash flow, which supports the development of other projects [5][10] - The company expects to publish an updated life of mine plan for Florida Canyon in the first half of 2026, highlighting its future potential [6][10] - The permitting process for the Delamar Project is progressing, with clarity expected in early 2026 [28][29] Other Important Information - A historic relationship agreement was signed with the Shoshone-Paiute Tribe for the development of the Delamar Project, emphasizing collaboration and sustainable economic development [31][32] - The company is focused on disciplined capital allocation and evaluating strategic M&A opportunities to support its growth objectives [41] Q&A Session Summary Question: How should we think about residual ounces boosting production going forward? - Management indicated that roughly half of the production is from residual ounces, which is expected to continue for some time but will taper off gradually [44][47] Question: Has the U.S. government shutdown affected permitting? - Management confirmed that there was no delay in permitting timelines due to the government shutdown, as they had a cost recovery program in place with the Bureau of Land Management [48] Question: What gold price will be used for future studies? - The company is monitoring consensus prices and has not finalized a price yet, but it is expected to be in the range of $2,500 to $3,000 [50][51] Question: When will major capital investments at Florida Canyon be behind? - Management indicated that capital expenditures are expected to taper off by the end of 2026, but future expansions may require additional capital [56][58] Question: Is all drilling material within permitted areas? - Management confirmed that all drilling for the north dumps and interpit areas is within the mine plan of operations, requiring no new permitting [77]
i-80 Gold (IAUX) - 2025 Q3 - Earnings Call Transcript
2025-11-13 16:02
i-80 Gold (NYSEAM:IAUX) Q3 2025 Earnings Call November 13, 2025 10:00 AM ET Company ParticipantsRichard Young - CEORyan Snow - CFOPaul Chawrun - COOConference Call ParticipantsDon DeMarco - Equity Research AnalystOmeet Singh - AnalystOperatorHello, and thank you for joining us for i-80 Gold's 2025 third quarter conference call and webcast. Today's company presenters include Richard Young, President and Chief Executive Officer of i-80 Gold, Paul Chawrun, COO, and Ryan Snow, CFO. Before we continue, please no ...