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ASX Market Open: House votes, trader hopes keep eyes on US shutdown’s tipped end | Nov 13
The Market Online· 2025-11-12 21:29
Market Overview - The U.S. government shutdown continues to be a significant topic, impacting market sentiment and leading to rising shares globally [1][3] - Australian shares are expected to open higher, with a potential increase of up to 0.2% [2] Economic Data - Anticipation builds for a release of U.S. economic data, including retail sales and housing statistics, which have been delayed due to the shutdown [3] - The October labor force report for Australia is expected to show a drop in unemployment to 4.4% [4] Company Focus - Gold stocks are gaining attention as bullion prices rise, with Newmont (ASX:NEM) seeing a 3.6% increase to US$93.13 per share, and Evolution (ASX:EVN) up 11% since Monday [5] - The lithium sector is also highlighted, with Mineral Resources (ASX:MIN) and IGO Ltd (ASX:IGO) experiencing price increases [6] - Several companies are holding annual general meetings (AGMs) today, including Arena, AUB Group, and Computershare [6] Commodity Prices - The Australian dollar is trading at 65.3 U.S. cents [8] - Iron Ore prices increased by 1.1% to $102.65 per tonne, while Brent Crude oil decreased by 4% to $62.60 per barrel [8] - Gold prices continue to rise, currently at $4,196 per ounce [8]
Orezone Gold Reports Third Quarter 2025 Results
Globenewswire· 2025-11-12 21:07
All dollar amounts are in USD unless otherwise indicated and abbreviation “M” means million. VANCOUVER, British Columbia, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (“Orezone” or “Company”) is pleased to report its operational and financial results for the three and nine months ended September 30, 2025. The Company will host a conference call and webcast today at 2:00pm PT / 5:00pm ET (November 13, 9:00am AEDT) to discuss the results. Details to join the ...
Gold Check-In Before Government Funding Vote: NEM, HMY
Schaeffers Investment Research· 2025-11-12 20:03
Core Viewpoint - Safe-haven traders are focusing on a bill vote that could fund the U.S. government through January, leading to an increase in December-dated gold futures, which are up 2.3% at $4,213.10 [1] Company Summaries Newmont Corporation (NEM) - NEM shares are up 3.8% at $93.44, marking a sixth consecutive daily gain and approaching the record high of $98.58 reached on October 16 [2] - The stock has been on a long-term uptrend, supported by the ascending 80-day moving average [2] Harmony Gold Mining Company Ltd (HMY) - HMY shares have increased by 6.1%, trading at $18.97, and are set for a fourth consecutive rise [4] - The stock has shown a remarkable 131% year-to-date gain and is in recovery after a decline from the October 16 record peak of $22.25, having bounced off the 180-day trendline earlier this month [4]
Silver Price Squeeze Is On, As Gold, Copper Rally Too; Watch These Stocks
Investors· 2025-11-12 19:23
BREAKING: Futures Rise After Growth-Led Market Sell-Off Silver prices soared on Wednesday, nearing October's all-time high, while the gold price also rallied, as both precious and industrial metals shined on a flattish session for the S&P 500. Gold miner Newmont (NEM) was among the top S&P 500 performers in midday trade. Royal Gold (RGLD) flashed a buying opportunity as it reclaimed a key technical level. Hudbay Minerals… Related news Market Leader Nvidia Among 21 Stocks Just Added To Best Stock Lists 11:02 ...
Why AngloGold Ashanti Stock Is Climbing Higher Today
Yahoo Finance· 2025-11-12 19:08
Core Viewpoint - AngloGold Ashanti's strong third-quarter 2025 financial results have led to a positive response from investors, with shares rising 6.5% following the announcement [1][3]. Financial Performance - AngloGold Ashanti reported earnings per share (EPS) of $1.32, reflecting a 136% year-over-year increase, meeting analysts' estimates [4]. - The company achieved a quarterly record for free cash flow of $920 million, significantly improving its balance sheet from an adjusted net debt position of $92 million at the end of Q2 2025 to an adjusted net cash position of $450 million at the end of Q3 2025 [5]. Analyst Ratings - Scotiabank raised its price target for AngloGold Ashanti stock from $90 to $92, maintaining an outperform rating, which suggests a potential upside of about 14% from the closing price of $79.35 [3][4]. - The bullish stance from analysts is contributing to investor interest in the stock [3]. Investment Considerations - The stock offers a 2% forward dividend yield, making it an attractive option for investors seeking gold exposure and passive income [7][8].
Adamera Commences November Field Program at South Hedley Gold-Copper Project, British Columbia
Thenewswire· 2025-11-12 18:35
Core Insights - Adamera Minerals Corp. is conducting a field program on its 100% owned South Hedley Gold-Copper Project in southern British Columbia, utilizing geochemistry and geophysics to enhance the Max and Glix prospects [1][3] - The South Hedley property spans 18,714 hectares and is located within a mineral-rich belt, which includes significant historical mines such as the Nickel Plate gold mine and the Copper Mountain mine [2] Exploration Highlights - At the Max Prospect, a strong gold-in-soil anomaly has been identified, with gold values exceeding 1.0 g/t in multiple samples, including a notable sample of 1,340 ppb (1.34 g/t) [4] - The Max Prospect is associated with quartz-rhodonite veining and alteration, and the anomaly is partially coincident with a deep magnetic feature [4] - At the Glix Prospect, assays have shown gold values ranging from 24 to 4,283 ppb (4.3 g/t), along with significant zinc and arsenic [6][9] - The November program will include extending the soil grid and conducting detailed ground magnetic and VLF-EM surveys to refine drill targets [8][9] Company Overview - Adamera Minerals Corp. is focused on exploring high-grade gold and base metal deposits in Canada and the USA, with projects that have near-term discovery and development potential [10]
Pound hits two-year low against euro as Starmer under fire
Yahoo Finance· 2025-11-12 18:18
Other winners included luxury goods manufacturer Burberry and insurer Aviva, while Experian fell 4.5pc despite raising its guidance for financial 2026 revenue growth and margin improvement.Meanwhile, gains for gold provided a boost to Endeavour Mining and Fresnillo, which were up 3.5pc and 1.8pc respectively.Scottish electricity generator SSE led the way, jumping 11pc after it unveiled plans to raise £2bn in new equity to help fund a £33bn five-year investment plan.The blue-chip index closed 0.1pc higher at ...
Orla Mining(ORLA) - 2025 Q3 - Earnings Call Transcript
2025-11-12 16:02
Financial Data and Key Metrics Changes - The company generated record free cash flow supported by record gold production and price, with net income for the quarter at $49.3 million or $0.15 per share, and adjusted earnings at $73 million or $0.22 per share [14][32] - The average realized price for gold sold was $3,417 per ounce, with a total revenue of approximately $270 million for the quarter [13][14] - Cash flow from operating activities before changes in non-cash working capital was $113 million or $0.13 per share [14] Business Line Data and Key Metrics Changes - At Musselwhite, 326,000 tons of ore were mined with a production of nearly 58,000 ounces of gold at a mill head grade of 5.87 grams per ton [6][8] - Camino Rojo produced 22,059 ounces of gold during the quarter, with a total of 2.8 million tons of ore placed on the heap leach pad at an average grade of 0.4 grams per ton [8][10] - South Railroad is moving towards final permits and construction start, with project updates expected soon [4][10] Market Data and Key Metrics Changes - The company reported a strong cash position of $327 million, with total liquidity of $357 million, positioning it well for future growth [15] - The gold price hovered around $4,100, influencing capital allocation strategies [60] Company Strategy and Development Direction - The company is focused on a "growth-for-longer" vision, emphasizing resource growth, expanded production, and mine life extension at Musselwhite [3][16] - The South Railroad project aims to establish an operating presence in Nevada, targeting annual production closer to 500,000 ounces at competitive costs [4][10] - The exploration strategy includes aggressive growth of the resource base to unlock opportunities for increased annual production and extended mine life [20][24] Management Comments on Operating Environment and Future Outlook - Management highlighted operational resilience and significant advancements in the growth pipeline, with optimism regarding the permitting process for South Railroad and Camino Rojo [32] - The company remains committed to responsible mining practices and community engagement, with strong support from stakeholders for projects [26][30] Other Important Information - The transition and integration activities at Musselwhite are nearly complete, moving towards a more decentralized model [12] - The company is actively engaging with local, state, and federal stakeholders to sustain momentum in the permitting process in the U.S. [10][30] Q&A Session Summary Question: Confirmation on Musselwhite's new scope in the Red Wings area - Management confirmed that the new scope is in the higher portions of the ore body, which will help increase throughput at the mill [34][36] Question: Significance of being a FAST-41 covered project for South Railroad - Management explained that being a covered project provides access to different departments and accelerates the permitting process, potentially allowing for earlier production [45][46] Question: Update on permitting at Camino Rojo - Management expressed confidence in the near future granting of permits due to positive engagement with Mexican authorities and the importance of the permit for expansion and underground exploration [49][50] Question: Guidance on all-in sustaining costs at Camino Rojo - Management indicated that while some cost pressures may continue into Q4, there will be relief from the Newmont systems and TSA payments by the end of the month [56][58] Question: Capital allocation strategy in light of strong free cash flow - Management noted that the strong gold price has led to considerations for accelerated debt repayment and potential returns to investors through dividends [60][61]
Blue Gold Limited Appoints Market Leader Hype Partners to Support Launch of its Standard Gold Coin
Globenewswire· 2025-11-12 15:47
Core Insights - The appointment of Hype Partners is aimed at accelerating the pre-registration and official launch of Standard Gold Coin (SGC), a digital token backed by physical gold [1][2] - The partnership will support the global launch of SGC and help build the BlueGoldOne Community [2] Company Overview - Blue Gold Limited (Nasdaq: BGL) is a next-generation gold development and technology company focused on acquiring high-potential mining assets globally [6] - The company's mission is to unlock untapped value in the gold sector through disciplined resource acquisition and innovative monetization models, including asset-backed digital instruments [6] - Blue Gold emphasizes responsible development, operational transparency, and leveraging modern financial technologies to redefine gold production and ownership in the 21st century [6][7] Leadership Comments - Andrew Cavaghan, CEO of Blue Gold, stated that Hype will help amplify awareness of SGC, targeting both the established crypto community and those new to digital assets [3] - Danny Gazit, CEO of Hype Partners, expressed excitement about launching the world's first gold-backed global currency, emphasizing the importance of widespread awareness of its benefits [4] Community Engagement - Interested users can pre-register for early access to SGC and the One App by submitting their email on the company's website [4][5] - Approved registrants will receive exclusive updates and launch details ahead of public availability, highlighting the company's commitment to community engagement [5]
Orla Mining(ORLA) - 2025 Q3 - Earnings Call Presentation
2025-11-12 15:00
Q3 2025 Performance - Total gold production reached 79,645 ounces, and total gold sold was 78,857 ounces[24] - The average realized gold price was $3,417 per ounce[32] - Operating cash flow was $113 million, or $0.34 per share[31] - The company reported a net income of $49.3 million, or $0.15 per share[31] - Adjusted earnings were $73.0 million, or $0.22 per share[31] - All-in sustaining costs (AISC) were $1,641 per ounce[30] Operations - Musselwhite milled 329,634 tonnes of ore with a gold grade of 5.87 g/t, producing 57,586 ounces of gold[24] - Camino Rojo stacked 2,793,951 tonnes of ore with a gold head grade of 0.40 g/t, producing 22,059 ounces of gold[24] South Railroad Project - An updated Feasibility Study is expected in Q4 2025[26] - Construction is expected to begin in mid-2026, with first gold production targeted for 2028[28] Guidance - The company updated its 2025 gold production guidance to 265,000 - 285,000 ounces[69]