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Stocks Are Falling as Bank Earnings Roll In
Barrons· 2026-01-14 14:32
Stocks fell again Wednesday as Wall Street reacted to the latest bank earnings and updates on wholesale price inflation and retail sales.The Dow Jones Industrial Average was down 14 points, or pretty much flat. The S&P 500 was down 0.4%. The Nasdaq Composite was down 0.7%.WTI crude oil futures rose 0.9% to $61.71 as Wall Street continued to pay close attention to the geopolitical situation in Iran. The price of gold was up 1%, while silver jumped 6.5% amid another wave of speculative enthusiasm. ...
McEwen Inc. (NYSE:MUX) Plans to Begin Construction at El Gallo Mine in Mid-2026
Yahoo Finance· 2026-01-14 14:12
Group 1 - McEwen Inc. has received approval from the Mexican government to extend the Environmental Impact Assessment for the El Gallo Mine, allowing the company to begin Phase 1 Mill construction in mid-2026, with the first gold pour expected by mid-2027, producing approximately 20,000 gold Equivalent Ounces annually once commercial production starts [1][2] - The company has purchased a ball mill for the El Gallo site and is already working on Phase 2, which focuses on in-situ silver deposits, potentially extending the mine's life beyond the initial 10 years planned for Phase 1 [2] - McEwen is also expanding its Gold Bar Mine complex in Nevada, aiming to enhance resources and increase mine life, which could lead to higher annual gold production from the Lookout Mountain, Windfall, and Unity Ridge areas [3] Group 2 - McEwen Inc. operates as a development-stage gold and silver mining company with activities in the U.S., Canada, Mexico, and Argentina, focusing on the exploration, development, and production of gold, silver, and copper deposits [4]
Analysts Remain Bullish on Coeur Mining as CDE Shares Spiked Over 215% During Last Six Months
Yahoo Finance· 2026-01-14 14:12
Coeur Mining, Inc. (NYSE:CDE) is one of the 10 Best Precious Metal Stocks to Buy After the U.S. Venezuela Mission. In the last year, Coeur Mining, Inc. (NYSE:CDE) shares have spiked over 215% as of January 9. Six out of eight analysts still remain bullish on CDE shares with a consensus Buy rating. The stock has a median price target of $22.50, representing an upside potential of over 14%. On December 15, TheFly reported that Roth Capital raised the price target on Coeur Mining, Inc. (NYSE:CDE) from $20 ...
Tocvan Strengthens Board with Appointment of Anna Ladd-Kruger
Accessnewswire· 2026-01-14 07:05
Core Viewpoint - Tocvan Ventures Corp. has appointed Anna Ladd-Kruger as an independent director to its Board of Directors, bringing extensive experience in the mining industry and a strong focus on governance and ESG [1][4]. Company Overview - Tocvan Ventures Corp. is an exploration and near-term producer focused on advancing gold and silver projects in Sonora, Mexico, holding a 100% interest in over 21 km² of prospective ground [13]. - The company is advancing its flagship Gran Pilar Gold-Silver Project, which has shown significant exploration success, including near-surface drilling results of 3.1 meters at 19.4 g/t Au [13]. Leadership Appointment - Anna Ladd-Kruger has over 25 years of executive leadership experience in the mining sector, having held key roles at various prominent mining companies [2][3]. - Her previous positions include Chair of the Board and Audit Chair at Integra Resources Corp., and Independent Director and Audit Chair at SilverCrest Metals Inc., where she was involved in a US$1.7 billion acquisition [2]. Stock Options Grant - Tocvan's Board of Directors has approved a grant of 300,000 stock options to Anna Ladd-Kruger at an exercise price of $1.18 per share, with 150,000 options vesting immediately and the remaining 150,000 vesting in twelve months [4]. Exploration Highlights - Recent drilling highlights from the Gran Pilar project include: - 83.5 meters at 1.3 g/t Au, including 9.7 meters at 10.3 g/t Au [10]. - 106.8 meters at 0.6 g/t Au, including 3.1 meters at 19.4 g/t Au [10]. - The project has shown robust metallurgical results, with gold recovery rates up to 99% and silver recovery rates up to 97% [13]. Market Position - Tocvan Ventures is positioned for growth in a favorable market environment, buoyed by record-high gold prices and a strategic capital plan to enhance its exploration and development initiatives [13].
Why This Gold Mining Stock Was Up Close to 1,000% Last Year
The Motley Fool· 2026-01-11 15:52
Core Viewpoint - Hycroft Mining is experiencing significant stock price appreciation due to rising gold and silver prices, despite not currently having an operational mine [1][2]. Group 1: Stock Performance - Hycroft Mining's shares increased by 976% in 2025, driven by rising metals prices, even though the company does not have an operational mine [1]. - The stock is still down 72% from its all-time highs, indicating volatility and potential risks for investors [2]. Group 2: Market Conditions - The current market capitalization of Hycroft Mining is approximately $2.3 billion, with a 52-week price range of $2.00 to $30.33 [3]. - Gold prices have risen by 68% and silver prices by 163% over the past year, creating a favorable environment for mining companies [3]. Group 3: Mining Operations - Hycroft Mining is working on a mine in Northern Nevada, which is not operational and currently generates no revenue [3]. - Feasibility studies suggest the presence of dense silver deposits that could be profitable once mining operations commence [3][4]. Group 4: Financial Considerations - Analysts estimate that the mine could contain tens of billions of dollars worth of gold and silver, which would significantly benefit shareholders compared to the current market cap [4]. - The company will not begin mining operations until at least 2029 or 2030, requiring substantial upfront investment and outside financing [5]. Group 5: Future Outlook - The cyclical nature of metal prices poses a risk, as they could decline when Hycroft Mining eventually brings its product to market [6]. - Investors are advised to be cautious unless they are confident that gold and silver prices will remain high over the next decade [7].
Arizona Gold & Silver CEO discusses latest high-grade drill results from Philadelphia project - ICYMI
Proactiveinvestors NA· 2026-01-10 16:06
Core Insights - Arizona Gold & Silver Inc has reported encouraging drill results from its Philadelphia project in Arizona, highlighting exceptional continuity of mineralization over a 110-metre spread from previous drill holes [1][3] Company Developments - The company is currently drilling hole 159, which targets the same mineralization zone as previous holes [1][3] - Only 3.5% of the company's 3,100-acre land package has been explored, indicating significant potential for further discoveries [4] - The permitting process for further exploration is progressing well, with expectations for news to shareholders soon [4] Financial Position - The company has seen strong support from long-term shareholders, with all warrants from a December offering exercised and additional early exercises from April warrants, positively impacting the treasury [5] - The company is well-positioned for future exploration activities, with a solid financial runway [5] Exploration Insights - Recent drilling has revealed high-grade mineralization, including 60 to 70 metres of mineralization at four grams, and a high-grade vein at 19 grams over four metres [6] - Future drilling plans include turning the rig for hole 160 to explore southwest of hole 156 [6] Future Outlook - The company has outlined plans for the next six months, indicating a busy year ahead in 2026 with more developments expected [7]
Hycroft Insider Sells $318K in Stock As Gold and Silver Prices Buoy 1,200% Share Surge
Yahoo Finance· 2026-01-09 17:44
Company Overview - Hycroft Mining is a U.S.-based gold and silver development company with over 10 million ounces of gold and 361 million ounces of silver at its flagship Hycroft mine in Nevada [1] Recent Trading Activity - Recent trading activity indicates a decline in direct holdings by 32.93% since May, reflecting reduced available share base rather than a deliberate shift in trading pace [2] - A senior vice president, Thomas David Brian, executed a sale of 15,000 shares for a transaction value of $318,150, which accounted for 15.61% of his direct holdings prior to the transaction [3][4] Insider Trading Context - The 15,000-share sale is significantly larger than the historical median direct sale of 1,876 shares and above the recent median of 9,194.5 shares since May of last year [4] - All shares sold were held directly by the insider, with no indirect holdings or derivative transactions involved [5] Market Performance - Hycroft Mining's stock has surged 1,217% over the past year, significantly outperforming the S&P 500's 17% gain, driven by a reset of the company's balance sheet and rising gold and silver prices, which increased by approximately 67% and 150% respectively [6] Operational Progress - In Q3, Hycroft raised $235 million through equity offerings and warrant exercises, eliminating roughly $136 million of debt, resulting in a debt-free status and a strengthened capital position [7] - The company plans to expand its exploration program across high-grade silver zones at its Nevada flagship asset, with additional drill rigs planned as assays continue to come in [7] Implications for Investors - The insider's decision to sell shares after a significant price increase suggests a disciplined approach rather than a negative outlook, with the long-term case for Hycroft hinging on exploration success, metallurgical studies, and capital allocation justifying the current valuation [8]
Norsemont Provides 2025 Year-End Update and Appoints New CFO
Thenewswire· 2026-01-09 14:00
Core Viewpoint - Norsemont Mining Inc. has successfully raised $15 million to advance its Choquelimpie project in northern Chile, which has significant gold-silver-copper resources and is positioned for rapid advancement toward production [1][3]. Project Overview - The Choquelimpie project is a past-producing gold-silver mine with a historical heap leach production. The initial mineral resource estimate published on April 14, 2025, includes 2,184,000 indicated gold-equivalent ounces and 557,000 inferred gold-equivalent ounces [2]. - The project benefits from extensive infrastructure, including a 3,000 tonne-per-day mill, power, water, and road access, facilitating its advancement toward production [2]. Development Strategy - Norsemont has a two-pronged development plan focusing on oxide processing and deeper sulfide resource drilling [4]. - The company aims to finalize plans for processing stockpiles and systematically drill to expand both oxide and sulfide resources while exploring copper porphyry potential [5]. Key Achievements in 2025 - The company raised over $22 million from strategic investors to fund drilling, permitting, environmental studies, and metallurgical programs [8]. - An initial mineral resource estimate was published, indicating 1,730,000 gold ounces and 33,233,000 silver ounces in indicated resources, along with 446,000 gold ounces and 7,219,000 silver ounces in inferred resources [8]. - The company expanded its advisory, technical, and management team with key appointments, including David Flint as Chief Geologist and Susan Liddle as General Manager CFO [8]. Upcoming Initiatives - The company plans to commence the 2026 Phase 4 drill program in Q2, focusing on refining and prioritizing drill targets [13]. - Metallurgical samples will be tested, and results are expected to be announced in Q1 [13]. - An updated 43-101 resource estimate and a Preliminary Economic Assessment (PEA) on existing oxide production plans are scheduled for publication in Q4 [13]. Marketing and Investor Relations - Norsemont has entered into service agreements with Native Ads Inc., Street Scope Media LLC, and Goldinvest Consulting GmbH for marketing and promotional services, with budgets of up to $200,000 each [10][14][15]. - These campaigns aim to increase awareness and understanding of the company and its projects through digital media and content distribution [11][14].
Xali Gold Commences Work on Pico Machay Gold Project in Peru
Globenewswire· 2026-01-08 12:00
VANCOUVER, British Columbia, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) (“Xali Gold” or the “Company”) is pleased to announce that work has commenced on the recently acquired Pico Machay Gold Project (“Pico Machay” or the “Project”). Xali Gold has commenced field work with the initiation of community engagement in anticipation of starting technical field work and environmental studies for drilling permits this month. “With the acquisition of Pico Machay successfully closed on December 24th ...
McEwen Completes the Acquisition of Canadian Gold Corp. Under a Statutory Plan of Arrangement
Yahoo Finance· 2026-01-08 10:01
McEwen Inc. (NYSE:MUX) is one of the 9 Best Junior Gold Mining Stocks to Buy Now. On January 6, McEwen Inc. (NYSE:MUX) completed its acquisition of Canadian Gold Corp. (CGC) under a statutory plan of arrangement, as previously announced. Under the agreed terms, each Canadian Gold share will convert into 0.0225 MUX common shares, consolidating CGC holders into MUX books. Whereas, Canadian Gold will be delisted from the TSX Venture on January 7, 2026. Following the closing of the arrangement agreement on ...