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New Gold (NGD) Upgraded to Buy: Here's Why
ZACKS· 2025-06-24 17:01
Core Viewpoint - New Gold (NGD) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, particularly influenced by institutional investors [4]. - Rising earnings estimates for New Gold suggest an improvement in the company's underlying business, which could lead to higher stock prices as investors respond positively [5]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - New Gold's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10]. Earnings Estimate Revisions for New Gold - For the fiscal year ending December 2025, New Gold is expected to earn $0.42 per share, consistent with the previous year's figure [8]. - Over the past three months, the Zacks Consensus Estimate for New Gold has increased by 83.7%, reflecting a significant upward revision in earnings expectations [8].
All You Need to Know About Gold Fields (GFI) Rating Upgrade to Strong Buy
ZACKS· 2025-06-24 17:01
Core Viewpoint - Gold Fields (GFI) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3][10] Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6] - Institutional investors often adjust their valuations based on changes in earnings estimates, leading to significant buying or selling actions that affect stock prices [4] Recent Performance of Gold Fields - For the fiscal year ending December 2025, Gold Fields is expected to earn $2.57 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 47.7% over the past three months [8] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7] - Gold Fields' upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10]
Kinross Gold (KGC) Upgraded to Buy: Here's Why
ZACKS· 2025-06-24 17:01
Core Viewpoint - Kinross Gold (KGC) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][2][4]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][3][5]. - Kinross Gold's earnings estimates have seen a substantial increase, with a 48.5% rise in the Zacks Consensus Estimate over the past three months for the fiscal year ending December 2025, projected at $1.15 per share [7]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks averaging a +25% annual return since 1988 [6]. - Kinross Gold's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [9].
Great Pacific Gold Announces Upsized $16.9 Million Private Placement Financing led by Canaccord Genuity Corp.
GlobeNewswire News Room· 2025-06-24 14:14
Core Viewpoint - Great Pacific Gold Corp. has increased its private placement offering to raise gross proceeds of $16,944,840 due to strong investor demand [1] Group 1: Offering Details - The offering consists of 37,655,200 units priced at $0.45 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each whole warrant is exercisable to purchase one additional common share at a price of $0.70 for three years following the closing of the offering [2] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for drilling at the Wild Dog Project, exploration activities in Papua New Guinea, and general administrative expenses [5] Group 3: Regulatory and Advisory Information - The offering will be conducted under specific exemptions from prospectus requirements, and the securities will not be registered under U.S. securities laws [3][7] - Eventus Capital Corp. has been appointed as a special advisor to the company [6] Group 4: Company Overview - Great Pacific Gold holds a portfolio of exploration-stage projects in Papua New Guinea, focusing on developing gold-copper resources [8] - Key projects include the Kesar Project, Wild Dog Project, and Arau Project, each with significant exploration potential [12]
Miata Metals Begins Drilling at Puma Target Following High Grade Surface Results on Sela Creek Gold Project
Globenewswire· 2025-06-24 12:20
VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB:MMETF) (“Miata” or the “Company”) is pleased to announce that it has begun its planned drill test of the Puma Target. This follows the successful completion of the latest five holes drilled at the Golden Hand Target, for which assays are pending (see Miata news release dated June 19, 2025). Featuring a high-quality data set that showcases evidence of a potentially rich gold system, the Puma Targe ...
Labrador Gold Appoints Ryan Weston Vice President of Exploration
Globenewswire· 2025-06-24 11:30
Company Overview - Labrador Gold Corp. is a Canadian mineral exploration company focused on acquiring and exploring gold projects in Eastern Canada [4] - The company currently has approximately CAD $18.1 million in cash [4] - Labrador Gold has 170,009,979 common shares issued and outstanding, trading on the TSX Venture Exchange under the symbol LAB [7] Leadership Appointment - Ryan Weston has been appointed as Vice President Exploration, bringing over 20 years of global experience in base and precious metals exploration [2] - Weston previously played key roles in the successful sales of Carlisle Goldfields for CAD $28 million in 2016 and Noront Resources for CAD $686 million in 2022 [2] - He has served as Vice President Exploration at Wyloo, leading initiatives in Ontario's Ring of Fire region [2] Strategic Vision - Weston expressed confidence in Labrador Gold's strong position to pursue major gold discoveries without the immediate need for additional financing [3] - The company aims to leverage Weston's extensive experience in leading technical teams for new gold projects [3] Exploration Projects - The Hopedale property covers a significant portion of the Florence Lake greenstone belt, which is underexplored compared to similar global belts [5] - Labrador Gold has identified gold anomalies over a 3-kilometer section of the northern part of the Florence Lake greenstone belt, with five gold occurrences discovered [5] - The Borden Lake project near Chapleau, Ontario, has shown promising results with up to 48 gold grains identified in till samples [6]
Rocky Shore Initiates Summer Program at Gold Anchor Project, Newfoundland
Globenewswire· 2025-06-24 11:00
TORONTO, June 24, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (the “Company”) (CSE: RSG) is pleased to announce that a fully permitted summer exploration program has begun at its 100% owned Gold Anchor Project in central Newfoundland, Canada. The program will focus on its recently discovered 6,000-metre-long Lane Pond Gold Target, which is strategically located along the prolific, gold-bearing Appleton Fault. The Appleton Fault is a major gold-bearing fault zone trending for greater than 150 kilometres i ...
Onyx Gold Continues to Consolidate Key Ground at Munro-Croesus with Strategic Acquisitions
Newsfile· 2025-06-24 11:00
Core Viewpoint - Onyx Gold Corp. is expanding its land holdings in the Munro-Croesus Project through strategic acquisitions, enhancing its position as a leading gold explorer in the Timmins Camp [1][2][3]. Group 1: Strategic Acquisitions - The company has signed purchase agreements to acquire a 100% interest in the Munro Property (227 hectares) and the Hewitt Property, increasing the total project land holdings to 10,921 hectares (109 km²) [1][2][4]. - The Munro Property is strategically located within the Munro-Croesus Project and covers the northwestern extension of the Croesus Flow, which is known for hosting the historic high-grade Croesus Mine [4][5]. - The acquisition of the Hewitt Property includes gold-bearing mineralization with grab samples yielding up to 15.7 g/t Au [6][7]. Group 2: Financial Terms - The total consideration for the Munro Property is $300,000, payable in two staged cash payments over 12 months, subject to satisfactory due diligence [5]. - For the Hewitt Property, the company will pay $20,000 and issue 75,000 common shares, along with a 1.0% net smelter returns royalty to the vendor [7]. Group 3: Future Exploration Plans - The acquisitions are expected to unlock additional high-impact drill targets for future exploration, particularly along the Croesus Flow [3][4]. - The Munro-Croesus Project is located in a highly prospective geological area, with significant nearby bulk-tonnage gold deposits [16]. Group 4: Company Overview - Onyx Gold is focused on exploration in well-established Canadian mining jurisdictions, with a portfolio that includes the Munro-Croesus Gold property and other exploration properties in Timmins and Yukon Territory [17][18].
Alamos Gold Intersects Additional High-Grade Mineralization Across the Island Gold Deposit and Adjacent to Multiple Nearby Past-Producing Mines
Globenewswire· 2025-06-24 10:55
Core Viewpoint - Alamos Gold Inc. continues to report significant exploration success at the Island Gold Mine, with high-grade gold mineralization being extended both underground and at surface levels, indicating strong potential for future growth in Mineral Reserves and Resources [1][2][19]. Exploration Results - The Island Gold Mine has seen an increase in its Mineral Reserve base for 12 consecutive years, with ongoing exploration supporting expectations for continued growth [2][19]. - High-grade mineralization has been extended outside of existing Mineral Reserves and Resources in various zones, including the E1E and C-Zones, with notable drill results such as 15.87 g/t Au over 2.72 m in the E1E-Zone and 37.26 g/t Au over 2.86 m in the B Zone [3][4][6][28]. Regional Exploration - The regional exploration program has successfully intersected high-grade gold mineralization at the past-producing Cline-Pick and Edwards mines, located seven kilometers from the Magino Mill, which may serve as additional sources of higher-grade ore [1][15][44]. - Significant drill results from the Cline-Pick Mines include 8.22 g/t Au over 21.13 m and 19.22 g/t Au over 4.65 m, while the Edwards Mine reported 55.95 g/t Au over 2.12 m [15][48][53]. Future Plans - A budget of $27 million has been allocated for exploration at the Island Gold District in 2025, an increase from $20 million in 2024, with plans for 41,500 m of underground drilling and 18,000 m of surface exploration [19][21][22]. - The focus will be on defining new Mineral Reserves and Resources near existing production horizons and infrastructure, as well as expanding mineralization at the Magino site [21][22][23]. High-Grade Mineralization - Ongoing drilling has confirmed the continuity and extension of high-grade gold mineralization in various zones, with over 1,500 intersections above 3 g/t Au reported outside of existing Mineral Reserves and Resources [9][39][40]. - New highlights from the Island East Footwall zones include 21.42 g/t Au over 4.00 m and 31.44 g/t Au over 8.27 m, showcasing the potential for further high-grade additions [32][35].
Belo Sun Shareholders Approve New Board and Governance Structure to Lead Strategic Transformation
Globenewswire· 2025-06-23 23:00
TORONTO, June 23, 2025 (GLOBE NEWSWIRE) -- Belo Sun Mining Corp. (“Belo Sun” or “Company”) (TSX: BSX, OTCQX: BSXGF) is pleased to announce that its shareholders approved a major renewal of the Company’s governance structure during today’s Annual General Meeting (“AGM”). Belo Sun has also appointed a Brazil-based President to lead the Company’s operations in the country. This transformation heralds a new chapter aimed at strategic discipline, in-country leadership, and focused execution as the Company seeks ...