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North Bay Resources Announces Continuous Operations at Bishop Gold Mill, California; Exploration and Development at Fran Gold Project
Globenewswire· 2025-06-25 13:30
BISHOP, Calif., June 25, 2025 (GLOBE NEWSWIRE) -- North Bay Resources, Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce continuous operation at the Company’s Bishop California Gold Mill has been achieved. Upon significant upgrades in April and May the Company has successfully operated the Mill continuously up to 9 hours per day and completed processing of all remaining stockpiles of gold ore. This has resulted in a shipment to the Company’s refinery partner of 543 lbs. of gold concentr ...
Ascot Announces Strategic Review Process
Globenewswire· 2025-06-25 13:00
Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) provides a further update related to the restart of operations at the Premier Gold Project ("PGP" or the "Project"), located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. As discussed in the Company’s May 12th news release, Ascot has been ...
Globex Receives Cash Payments
Globenewswire· 2025-06-25 13:00
Core Insights - Globex Mining Enterprises Inc. has received a final payment of $3 million from Agnico Eagle Mines Limited for the purchase of the Francoeur/Arntfield/Lac Fortune Gold Mines Property in Quebec, retaining a 2% Gross Metal Royalty on all production from the property [1] - The company also received a $50,000 annual advance royalty payment from Renforth Resources Inc. related to the Parbec Gold Property, which has a Measured and Indicated Resource of 9.61 million tonnes grading 0.86 g/t Au and an Inferred Resource of 2.55 million tonnes grading 1.18 g/t Au, with Globex retaining a 3% Gross Metal Royalty [2] - Manganese X Energy Corp. delivered an annual $20,000 advance royalty payment for the Battery Hill Manganese deposit, which has a Measured and Indicated Resource of 34.86 million tonnes grading 6.42% Mn, and Globex retains a 1% Gross Metal Royalty on this property [3]
ARMN vs. BTG: Which Gold Mining Stock is the Better Pick Now?
ZACKS· 2025-06-25 12:51
Core Insights - Aris Mining Corporation (ARMN) and B2Gold Corp. (BTG) are both international gold mining companies with operations in the Americas, focusing on emerging markets [1] - Gold prices have increased approximately 26% this year, reaching a peak of $3,500 per ounce in April 2025, driven by geopolitical tensions and central bank purchases [2] - Both companies are positioned to benefit from the favorable gold price environment, but they face challenges from rising costs [24] Aris Mining Highlights - Aris Mining has shown an 8% year-over-year increase in gold production for Q1, aiming for a full-year production guidance of 230,000 to 275,000 ounces [4][8] - The Segovia Operations in Colombia are crucial for production growth, with expansion projects expected to increase production rates significantly in the second half of 2025 [5] - The company has a strong balance sheet with a cash balance of $240 million and generated $40 million in cash flow in Q1, supporting its growth initiatives [7] - However, Aris Mining's all-in-sustaining costs (AISC) increased to $1,570 per ounce, indicating a decline in cost efficiency [8][9] B2Gold Highlights - B2Gold is on track to produce between 970,000 and 1,075,000 ounces of gold in 2025, benefiting from new projects like the Goose Project and the Gramalote Project [12][13] - The company has a solid financial position with cash and cash equivalents of $330 million and a low long-term debt-to-capitalization ratio of 11.4% [14] - B2Gold offers a dividend yield of 2.2% and has a payout ratio of 44%, indicating a commitment to returning value to shareholders [14] - The company's AISC rose to $1,533 per ounce, reflecting cost inflation pressures across its operations [15] Stock Performance and Valuation - Year-to-date, Aris Mining's stock has increased by 89.1%, while B2Gold's stock has risen by 45.9%, compared to the Zacks Mining – Gold industry's increase of 56.6% [16] - Aris Mining is trading at a forward 12-month earnings multiple of 4.44, which is a 67.2% discount to the industry average of 13.52X [19] - B2Gold is trading at a forward earnings multiple of 7.15, which is below the industry average but at a premium to Aris Mining [20] Earnings Growth Estimates - The Zacks Consensus Estimate for Aris Mining's 2025 sales and EPS indicates a year-over-year growth of 55.7% and 226.5%, respectively [21] - B2Gold's 2025 sales and EPS estimates imply year-over-year growth of 56.2% and 231.3%, respectively [22]
EQX's Gold Production Jumps: Will the Momentum Continue Into H2?
ZACKS· 2025-06-25 12:51
Core Insights - Equinox Gold Corp. (EQX) achieved a record gold production of 145,290 ounces in Q1, marking a 30% increase from 111,725 ounces in the same quarter last year, driven by the ramp-up at Greenstone [1][6] - For the full year 2025, EQX expects consolidated gold production between 785,000 and 915,000 ounces, excluding the suspended Los Filos mine and the Valentine mine, which is set to start production in Q3 2025 [2][6] - The company anticipates improved production in the second half of 2025 despite current milling grades and throughput at Greenstone being below expectations [2] Company Performance - EQX's year-to-date stock performance has increased by 16.1%, while the Zacks Mining – Gold industry has risen by 56.6% [5] - The forward 12-month earnings multiple for EQX is 7.78, which is approximately 42.5% lower than the industry average of 13.52 [7] - The Zacks Consensus Estimate indicates a significant year-over-year earnings rise of 135% for 2025 and 123.4% for 2026, although EPS estimates have been trending lower over the past 60 days [8]
Contango Announces $21.0 Million Cash Distribution from the Peak Gold JV for Production from Campaign #2-2025
Prnewswire· 2025-06-25 12:30
FAIRBANKS, Alaska, June 25, 2025 /PRNewswire/ - Contango ORE, Inc. ("Contango" or the "Company") (NYSE American: CTGO) is pleased to announce that the Peak Gold JV made a cash distribution in the amount of $21 million ("M") to Contango on June 25, 2025, totaling $54 M to Contango's account received year-to-date. The Peak JV has completed the second of four campaigns in 2025, producing approximately 36,000 ounces of gold for Contango's account year to date, with the third campaign scheduled to commence in Au ...
Best Income Stocks to Buy for June 25th
ZACKS· 2025-06-25 12:20
Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 25th:Agnico Eagle Mines (AEM) : This company which is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.1% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 1.3%, compared with t ...
NOVAGOLD Files Second Quarter 2025 Report
Globenewswire· 2025-06-25 12:05
Announced a pivotal transaction with Paulson Advisers – NOVAGOLD acquired an additional 10% economic interest increasing its stake to 60% in Donlin Gold LLC to advance the project to the next phase of an updated Feasibility Study.Strengthened the Company’s treasury by completing a public equity offering and a private placement of 65 million shares, resulting in approximately $234 million in net proceeds.Advanced the Donlin Gold 15,000-meter drill program now focused on converting and expanding reserves and ...
Sanchez: Inflation remains a concern, though it hasn’t priced in fully yet
CNBC Television· 2025-06-25 11:24
Let's start with your word of the day. And again, let's keep in mind the S&P very close to a new all-time high. Yeah, it's intermission.It feels like uh we just basically rode the roller coaster straight down and then straight back up with a whole lot of events in between. Um but if you went to sleep on, you know, January 1 and you woke up today, you wouldn't have known anything happened. Um and I think that we're sort of in the middle right now evaluating what happened um after the Iran strikes and figurin ...
IAMGOLD Completes Final Delivery and Conclusion of Gold Prepay Arrangements
Newsfile· 2025-06-25 11:00
Core Viewpoint - IAMGOLD Corporation has successfully completed the final delivery of gold ounces under its gold prepay arrangements, concluding a total of 150,000 ounces as part of a financing package for the Côté Gold construction [1][2]. Company Overview - IAMGOLD is an intermediate gold producer based in Canada, operating mines in North America and West Africa, including Côté Gold, Westwood, and Essakane [3]. - The company commenced production at Côté Gold on March 31, 2024, in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to be one of the largest gold mines in Canada [3]. - IAMGOLD employs approximately 3,700 people and is committed to high standards of Environmental, Social, and Governance practices [3]. Financial Impact - The conclusion of the gold prepay arrangements is seen as a significant cash flow inflection point for IAMGOLD, with an estimated cash flow of approximately $200 to $225 million that the company would have received in the first half of 2025 if the arrangements were not in place [2]. - The company delivered the remaining 75,000 ounces of gold under the arrangements, with only a portion exposed to gold price fluctuations [2]. Strategic Timing - The conclusion of the arrangements coincides with the Côté Gold Mine reaching nameplate throughput, and expectations of improved operating results across all assets in the second half of the year [2]. - The current favorable gold price environment positions the company to generate stronger free cash flows and initiate a disciplined deleveraging strategy [2].