Deep-pocketed investors have adopted a bearish approach towards Newmont (NYSE:NEM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEM usually suggests something big is about to happen.We gleaned this information from our observations today when Benzinga's options scanner highlighted 25 extraordinary options activities for Newmont. This ...

Earlier this year, gold reaching $3,000 represented a moonshot target. Back in October 2024, Bank of America's commodity analyst Michael Widmer caused a stir, noting that the precious metal could reach the aforementioned price due to rising concerns over U.S. fiscal policies and their potential impact on Treasury yields.What made the bullish call conspicuous at the time was that gold had just hit a new record, landing at $2,696 per ounce. However, Widmer's forecast represented a more than 11% swing from wha ...

I think the gold run still has more legs in 2026. I think Agnico Eagle Mines ( AEM ) ( AEM:CA ) is a good way to play this theme:I aim to provide alpha-generating investment ideas. I am an independent investor managing my family's portfolio, primarily via a Self Managed Super Fund. You can expect my articles to deliver a clearly structured, evidence-based thesis. But first and foremost, I encourage readers to judge me on my performance.I have a generalist approach as I explore, analyze and invest in any sec ...

Group 1 - The article suggests that the gold market will continue to perform well into 2026, with Agnico Eagle Mines (AEM) being highlighted as a favorable investment opportunity in this sector [1] - The author emphasizes a generalist investment approach, focusing on sectors with perceived alpha potential compared to the S&P 500, with typical holding periods ranging from a few quarters to multiple years [1] - A comprehensive research methodology is employed, including maintaining spreadsheets with historical financial data, key metrics, guidance trends, and industry news, while avoiding long-term DCF projections [1] Group 2 - The article indicates that the author holds a beneficial long position in AEM shares, either through stock ownership or derivatives, and expresses personal opinions without receiving compensation from the company [1]

格隆汇12月26日｜黄金创下新高后，美国上市金矿股盘前上涨。Kinross Gold上涨1.2%，Gold Fields股 价上涨1.2%，Agnico Eagle上涨1.2%， Barrick Mining上涨1.2%，Sibanye Stillwater上涨3.6%，Anglogold Ashanti上涨1.2%，Newmont Corp上涨1.4%。 ...

Core Viewpoint - Pierre Lassonde, co-founder of Franco-Nevada, predicts that gold prices will reach $17,250 per ounce within three years, significantly higher than current levels [1][2]. Gold Market Dynamics - Investors are increasingly buying gold as an alternative to the U.S. dollar due to budget deficits in major developed countries [2]. - Gold's finite supply is a key attraction, with only 216,265 tonnes mined historically, while demand continues to rise, particularly from central banks [3]. - Lassonde emphasizes that if just 1% of funds from other asset classes were redirected to gold, prices would surge, as only 3,600 tonnes are produced annually, with a third going to central banks [4]. Global Reserve Trends - Gold is being remonetized in global reserves, with central banks and sovereign wealth funds diversifying their investments amid geopolitical uncertainties [5]. - The U.S. dollar's share of global official foreign reserves has decreased from 72% in 2001 to 58% in 2024, indicating a shift towards gold as a store of value [4]. Franco-Nevada's Business Model - Franco-Nevada operates on a royalty model, which was initially met with skepticism but has proven successful, yielding a 36% annualized return from its founding until its acquisition by Newmont in 2002 [13][14]. - The company currently has a market value of approximately $36 billion, reflecting its growth and the competitive landscape in the mining sector [13]. Philanthropic Efforts - Lassonde has made significant contributions to mining education and research, establishing endowed chairs and supporting scholarships, demonstrating a commitment to giving back to the community [16]. - His current project, Fuerte Metals, is seen as a promising venture in the Yukon, reminiscent of earlier successful investments [17].

Market Overview - The international gold price surged from $2,600 per ounce at the beginning of the year to $4,500 per ounce by late December, marking an increase of over 70% throughout the year [3][5] - Domestic gold jewelry prices also rose significantly, with the price per gram reaching around 1,400 yuan, and some high-end ancient gold pieces exceeding 2,000 yuan per gram [3][5] Consumer Behavior - The rise in gold prices has led to a shift in consumer purchasing behavior, with many consumers adopting a "buy high" mentality, resulting in long queues at gold stores [3][5] - New investment strategies, termed "new three golds," have emerged among younger consumers, who are now treating gold purchases similarly to stock trading, focusing on technical indicators and market timing [6][7] Industry Dynamics - The gold market is experiencing significant changes, with upstream mining companies benefiting from rising prices, as evidenced by substantial profit increases among major A-share gold mining firms [9] - Conversely, downstream retail gold businesses are facing challenges such as high inventory levels and increased operational pressures, leading to a contraction in franchise stores [10] Financial Adjustments - Banks are adjusting their gold investment thresholds in response to market risks, with several banks raising the minimum investment amounts for gold accumulation plans [11] Risks and Speculation - The surge in gold prices has led to risky behaviors among investors, including using loans to purchase gold, which poses significant financial risks [12] - The popularity of judicial auctions for gold bars has created a speculative environment, with some investors experiencing both significant gains and losses [12]

Core Viewpoint - Xali Gold Corp. has successfully closed the acquisition of the Pico Machay Gold Project in Peru, which is at an advanced exploration stage and aims for near-term production [1][2]. Acquisition Details - The acquisition involved purchasing Minera Calipuy S.A.C., the owner of Pico Machay, from Pan American Silver Corp. and Aquiline Resources Inc. [1] - An initial cash payment of US$500,000 was made to finalize the acquisition, with total cash payments amounting to US$17 million over the next five years [2][4]. - The payment schedule includes deferred payments of US$1.5 million in the first and second years, US$4 million in the third year, US$3 million in the fourth year, and US$4.5 million upon the commencement of commercial production [2][4]. Financial Arrangements - Payments are secured by Promissory Notes and a first-priority Share Pledge Agreement over Calipuy's shares, along with a Mortgage Agreement over both Pico Machay and the Las Brujas II property [3]. - The Promissory Notes do not bear interest before maturity and are guaranteed by Calipuy and Candente Gold Peru S.A.C. [3]. Project Potential - The historical resource estimate for Pico Machay was based on a long-term gold price of US$700 per ounce, indicating significant upside potential in the current gold price environment [2]. - The company plans to update the historical resource estimate and optimize previous engineering studies to advance the project towards production [2]. Mining Rights and Regulations - Calipuy holds 100% interest in 17 mining rights associated with the Pico Machay Project, which are in good standing and valid until 2039 if production has not commenced by then [5]. - There is a 1% Net Smelter Return royalty on the El Alcatraz 4 concession, which is perpetual and covers all metals [6]. Community Engagement - Xali Gold aims to engage with the local Santa Ana community to advance the Pico Machay Project under a mutually beneficial framework [10].

Core Viewpoint - Xali Gold Corp. has successfully closed the acquisition of the Pico Machay Gold Project in Peru, which is at an advanced exploration stage and aims for near-term production [1][2]. Acquisition Details - The acquisition involved purchasing Minera Calipuy S.A.C., the owner of Pico Machay, from Pan American Silver Corp. and its subsidiary Aquiline Resources Inc. [1] - An initial cash payment of US$500,000 was made to finalize the acquisition, with total cash payments potentially reaching US$17 million over the next five years [2][4]. Payment Structure - The payment schedule includes: - US$1.5 million due on December 24, 2026 - US$1.5 million due on December 24, 2027 - US$4 million due on December 24, 2028 - US$3 million due on December 24, 2029 - US$4.5 million due upon the earlier of December 24, 2030, or the commencement of commercial production - An additional US$2.5 million contingent payment if mineral reserves exceed 1.25 million ounces [2][3][4]. Security and Guarantees - Payments are secured by Promissory Notes, a Share Pledge Agreement over Calipuy's shares, and a Mortgage Agreement over both Pico Machay and the Las Brujas II property [3]. - The Promissory Notes are guaranteed by Calipuy and Candente Gold Peru S.A.C., and do not accrue interest before maturity [3]. Project Potential - The historical resource estimate for Pico Machay was based on a long-term gold price of US$700 per ounce, indicating significant upside potential in the current gold price environment [2]. - The company plans to update the historical resource estimate and optimize previous engineering studies to advance the project towards production [2]. Mining Rights and Regulations - Calipuy holds 100% interest in 17 mining rights associated with the Pico Machay Project, all of which are in good standing and valid until 2039 if production has not commenced [5]. - There is a 1% Net Smelter Return royalty on the El Alcatraz 4 concession, which is perpetual and covers all metals [6]. Community Engagement - Xali Gold aims to engage with the local Santa Ana community to advance the Pico Machay Project under a mutually beneficial framework [10].

Core Viewpoint - MAX Resource Corp. has announced a share consolidation initiative aimed at attracting institutional and high net worth investors, which is part of its broader capital markets strategy [1][2]. Group 1: Share Consolidation Details - The consolidation will occur on a basis of four pre-consolidated common shares for one new post-consolidated common share [1]. - Following the consolidation, the company anticipates approximately 55,507,331 issued and outstanding common shares, down from 222,029,325 [7]. - The effective date of the consolidation will be announced in a future news release, pending approval from the TSX Venture Exchange [8]. Group 2: Rationale and Benefits - The consolidation is expected to attract greater investor interest by potentially increasing the share price due to the consolidation ratio [3]. - A smaller float post-consolidation may stabilize the company's share price, appealing to a broader range of institutional investors [4]. - The consolidation is believed to provide greater flexibility in business opportunities, making shares more attractive for potential counterparties [5]. Group 3: Financial Position and Projects - The company recently closed an oversubscribed private placement of $3.4 million, positioning it to accelerate exploration programs on its projects [6]. - The Mora Gold Silver Project, located in Colombia, has exclusive rights to a mining concession and is adjacent to significant gold operations [9]. - The Sierra Azul Copper Silver Project is fully funded by Freeport-McMoRan, with a cumulative expenditure of C$50 million to acquire up to an 80% interest [14]. Group 4: Exploration and Development - The Mora Property encompasses over 40 historic workings and is adjacent to major gold deposits, with surface samples showing high grades of gold and silver [11]. - The Florália Iron Property in Brazil has expanded its geological target significantly, with estimates ranging from 50-70 million tons at 55%-61% Fe [16]. - The company plans to conduct an airborne LiDAR survey to assist in building a 3D model for its exploration programs [18].