Gold Mining

Search documents
Equinox Gold vs. Eldorado Gold: Which Gold Miner is Shining Brighter?
ZACKS· 2025-06-26 13:16
Core Viewpoint - Equinox Gold Corp. (EQX) and Eldorado Gold Corporation (EGO) are mid-tier diversified gold producers in Canada, with favorable gold prices currently above $3,300 per ounce despite a decline from April 2025 highs, making them relevant for investors in the precious metals sector [1][2]. Equinox Gold (EQX) - EQX has evolved into a diversified, growth-focused gold producer with a target of over one million ounces of annual production through expansions [4]. - The company operates five mines and has three expansion projects expected to add approximately 300,000 ounces of annual production in the coming years [4]. - The Greenstone mine is ramping up production, targeting 196,000 tons per day and expected to produce around 390,000 ounces annually at full capacity [5]. - EQX's recent business combination with Calibre Mining Corp. positions it as the second-largest gold producer in Canada, with a combined annual production of over 1.2 million ounces [6][7]. - The company ended Q1 with $173 million in unrestricted cash and $65 million in an undrawn credit facility, generating $73.3 million in cash flow from operations [8]. - However, EQX's all-in-sustaining costs (AISC) increased to $2,065 per ounce, reflecting operational cost inflation and challenges at the Greenstone mine [10][11]. - EQX expects $35 million in mine suspension costs from the Los Filos mine in Q2 but anticipates cost reductions with rising production in late 2025 [11]. Eldorado Gold (EGO) - EGO operates four mines across Turkey, Canada, and Greece, with a strong asset portfolio supporting long-term demand [12][13]. - The Skouries project in Greece is expected to be a key growth driver, with first production anticipated in Q1 2026 and an average output of 140,000 ounces of gold and 67 million pounds of copper annually over 20 years [14]. - EGO aims to increase annual gold production to 660,000-720,000 ounces by 2027, representing a 33% growth from 2024 [16]. - As of March 31, 2025, EGO had $978 million in cash and $241 million in available credit, with a long-term debt-to-capitalization ratio of around 19% [17]. - EGO's stock has gained 37.7% year-to-date, outperforming EQX's 17.1% increase [18]. Price Performance and Valuation - EQX is trading at a forward 12-month earnings multiple of 7.83, which is a 40.6% discount to the industry average of 13.19 [20]. - EGO's stock is trading at a forward earnings multiple of 9.86, below the industry average [21]. - The Zacks Consensus Estimate for EQX's 2025 sales and EPS implies a year-over-year rise of 53.2% and 135%, respectively, while EGO's estimates suggest growth of 19.3% and 10.8% [25][26]. Investment Outlook - Both EQX and EGO are positioned to benefit from the bullish gold market, but EQX's higher operational costs may pose risks [27]. - EGO's rising earnings estimates and lower leverage suggest it may offer better investment prospects in the current market environment [27].
Emperor Defines Plunge of High-Grade Gold Zones on Optioned Duquesne West Gold Project
Globenewswire· 2025-06-26 13:00
ROUYN-NORANDA, Quebec, June 26, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Emperor Metals Inc. (AUOZ-CSE, EMAUF-OTCQB, 9NH-FSE) has provided an update on their drilling and resulting geological interpretation of certain structural controls at ...
GoldHaven Resources Provides Auger Drill Program Update at Copeçal Gold Project in Mato Grosso, Brazil
Globenewswire· 2025-06-26 13:00
VANCOUVER, British Columbia, June 26, 2025 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. (“GoldHaven” or the “Company”) (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to provide an update on its systematic auger drill program over the east and west anomalies initiated on June 9th, 2025. The Company’s geological team has successfully drilled past the half-way mark and the first round of assays have been shipped to ALS Global Laboratory, with sample preparation being completed in Cuiaba, and sample analysis ...
4 Popular Dividends For The Geopolitical Conflicts Unfolding Now
Forbes· 2025-06-26 12:50
Group 1: Oil Industry Insights - Crude oil prices have rallied to one-year highs, but futures indicate lower prices are likely ahead, suggesting temporary disruptions at worst [3] - Kinder Morgan (KMI) offers a 4.2% yield, funding its dividend through tolls on its extensive pipeline network, which transports crude oil and natural gas [6][7] - Kinder Morgan controls 40% of US natural gas flows, allowing for regular price increases and dividend boosts [7] Group 2: Investment Opportunities in Energy Dividends - Alerian MLP ETF (AMLP) provides an 8% dividend yield by consolidating MLPs into a single fund, simplifying tax reporting for investors [9] - The fund has raised its dividend for three consecutive quarters, indicating strong performance [10] Group 3: Gold Market Dynamics - The US dollar has depreciated 28% against gold year-to-date, signaling a shift towards assets that are less affected by central bank policies [11] - VanEck Gold Miners ETF (GDX) serves as a straightforward investment in gold, benefiting from lower energy costs as a primary input for gold miners [12] - GAMCO Global Gold, Natural Resources & Income Trust (GGN) trades at a 2% discount to its net asset value and offers an 8% annualized dividend, providing income stability with potential upside [13]
RUA GOLD Closes C$13.8 Million Brokered Offering Including the Full Exercise of Over-Allotment Option
Newsfile· 2025-06-26 12:45
Core Viewpoint - Rua Gold Inc. has successfully closed a brokered public offering and private placement, raising C$13.8 million to fund exploration projects in New Zealand and general corporate purposes [2][3][4]. Financing Details - The offering consisted of 19,714,450 common shares priced at C$0.70 each, including the full exercise of the over-allotment option, resulting in aggregate gross proceeds of C$13,800,115 [2][6]. - The company paid approximately C$446,651 in cash fees to agents and issued 638,073 broker warrants, each exercisable at C$0.70 for 24 months [5][6]. Use of Proceeds - Net proceeds from the offering will be allocated to continuing exploration programs on New Zealand properties and for general working capital [3][4]. Strategic Plans - The CEO stated that the company is now fully funded to execute exploration plans over the next 12 to 18 months, focusing on the Reefton and Glamorgan projects [4][6]. - An aggressive drill campaign is planned for the Reefton Project, with drilling at the Glamorgan Project set to commence in Q4 2025 [4][6]. Insider Participation - Insiders subscribed for a total of 1,529,800 common shares, which is considered a related party transaction under applicable regulations [9]. Additional Grants - The company granted 2,250,000 stock options to directors and consultants, with an exercise price of C$0.66 and a three-year vesting period [11]. - An aggregate of 200,000 deferred share units (DSUs) was also granted to certain directors, subject to a similar vesting schedule [12]. Company Overview - Rua Gold is focused on high-grade gold exploration in New Zealand, controlling significant land in the Reefton Gold District and the Glamorgan Project, which is adjacent to a major mining operation [14][15][16].
LaFleur Minerals Inc. (CSE:LFLR) (OTCQB:LFLRF) Location, Mill Creates Strategic Advantage in Ongoing Gold Rally
Globenewswire· 2025-06-26 12:30
NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) -- via InvestorWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 70+ brands within the Dynamic Brand Portfolio @ IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. To view the full publication, “Near-Term Production Assets Gain ...
Osisko Development (ODV) Earnings Call Presentation
2025-06-26 11:45
Cariboo Gold Project Highlights - Cariboo Gold Project has probable reserves of 2071 koz Au (17815 kt grading 362 g/t Au)[25, 44] - Cariboo Gold Project has measured resources of 8 koz Au (47 kt grading 506 g/t Au), indicated resources of 1604 koz Au (17332 kt grading 288 g/t Au), and inferred resources of 1864 koz Au (18774 kt grading 309 g/t Au)[25, 44] - The optimized feasibility study envisions a 10-year mine life with a base case after-tax NPV5% of $943 million and IRR of 221%[45] - The Cariboo Gold Project is expected to produce an average of 190 koz of gold per year over the life of mine, with 202 koz per year in the first 5 years[47] - The all-in sustaining cost (AISC) for the Cariboo Gold Project is estimated at US$1157/oz, and total cash cost is US$947/oz[47] - The initial capital expenditure for the Cariboo Gold Project is estimated at $881 million[47] Tintic Project Highlights - Tintic Project's Trixie deposit has measured resources of 105 koz Au (120 kt grading 2736 g/t Au) and 238 koz Ag (120 kt grading 6173 g/t Ag)[24, 139] - Tintic Project's Trixie deposit has indicated resources of 45 koz Au (125 kt grading 1117 g/t Au) and 240 koz Ag (125 kt grading 5989 g/t Ag)[24, 139] - Tintic Project's Trixie deposit has inferred resources of 51 koz Au (202 kt grading 780 g/t Au) and 315 koz Ag (202 kt grading 4855 g/t Ag)[24, 139] Capital Structure - Osisko Development Corp has a basic market capitalization of C$4178 million, with C$776 million in cash and cash equivalents[30]
AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF SECOND QUARTER 2025 RESULTS AND CONFERENCE CALL
Prnewswire· 2025-06-26 11:30
Core Viewpoint - Agnico Eagle Mines Limited will release its second quarter 2025 results on July 30, 2025, followed by a conference call on July 31, 2025, to discuss the financial and operational outcomes [1][2]. Company Overview - Agnico Eagle is a Canadian-based senior gold mining company and the third largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [4]. - The company has a strong pipeline of high-quality exploration and development projects and is recognized for its leading sustainability practices [4]. - Agnico Eagle has consistently created value for its shareholders, declaring a cash dividend every year since 1983 [4].
NexGold Infill Drilling Continues to Intersect High Grade Gold Mineralization at the Goldboro Gold Project; 3.58 g/t Gold Over 18.3 Metres, 2.79 g/t gold over 19.7 Metres and 103.50 g/t Gold Over 0.7 Metres
Globenewswire· 2025-06-26 11:00
TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to provide a further update on its ongoing 25,000-metre diamond drill program initially announced on January 22, 2025 at the Company’s Goldboro Gold Project (“Goldboro”) in Nova Scotia. The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of In ...
INTEGRA PROVIDES 2025 GUIDANCE; FOCUSED ON CONSISTENT OPERATIONS AND CAPITAL INVESTMENT AT FLORIDA CANYON AND SIGNIFICANT ADVANCEMENT OF DEVELOPMENT PROJECTS
Prnewswire· 2025-06-26 10:30
Core Viewpoint - Integra Resources Corp. has provided its 2025 guidance, outlining expectations for production, operating costs, capital expenditures, and development spending across its portfolio, particularly focusing on the Florida Canyon Mine and its development-stage projects, DeLamar and Nevada North [1][2][4]. Production and Cost Outlook - Gold production from the Florida Canyon Mine is projected to be between 70,000 and 75,000 ounces in 2025 [2][7]. - Total cash costs at Florida Canyon are expected to range from $1,800 to $1,900 per ounce sold [2][8]. - Mine-site all-in sustaining costs (AISC) are anticipated to be between $2,450 and $2,550 per ounce sold, reflecting a capital-intensive period [2][10]. - Sustaining capital expenditures are estimated at $48.0 million to $53.0 million, with a significant portion allocated to the third quarter of 2025 [2][9]. Capital Expenditures and Growth Initiatives - Growth capital expenditures at Florida Canyon are projected to be between $8.0 million and $10.0 million, focusing on expansion projects and studies [2][11]. - Approximately $1.5 million is allocated for a growth drilling program, which includes around 10,000 meters of reverse circulation drilling [2][11]. Development Projects - Total expected project development spending for the DeLamar and Nevada North projects in 2025 is estimated at $14.5 million to $15.5 million [2][12]. - At DeLamar, $12.0 million to $12.5 million is allocated for feasibility study completion and permitting advancement, with significant budget portions directed towards engineering studies and permitting activities [2][13]. - For Nevada North, approximately $2.5 million to $3.0 million is designated for metallurgical testing and geochemical sampling to support future development [2][14]. Strategic Goals - The acquisition of the Florida Canyon Mine aims to secure a reliable cash flow source to advance development projects and reduce reliance on annual equity financing [4]. - The company is focused on enhancing operational efficiency and extending the mine life of Florida Canyon through significant reinvestment and improvement initiatives [5][6].