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Here's Why Momentum in McEwen (MUX) Should Keep going
ZACKS· 2025-07-25 13:51
Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires strong fundamentals to maintain that momentum. Group 1: Stock Price Movement - The direction of a stock's price can reverse quickly, leading to potential short-term capital losses for investors [2] - A predefined "Recent Price Strength" screen can help identify stocks that are on an uptrend, supported by strong fundamentals and trading near their 52-week high [3] Group 2: McEwen Mining (MUX) Analysis - McEwen Mining (MUX) has shown a solid price increase of 52.9% over the past 12 weeks, indicating investor confidence in its potential upside [4] - MUX has also experienced an 18.3% price increase over the last four weeks, suggesting that the upward trend is still intact [5] - Currently, MUX is trading at 94.5% of its 52-week high-low range, indicating a potential breakout [5] Group 3: Fundamental Strength - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging a +25% annual return since 1988 [7] Group 4: Investment Strategy - The article suggests that MUX may continue its price trend, and encourages investors to explore other stocks that meet the "Recent Price Strength" criteria [8] - It highlights the importance of backtesting stock-picking strategies to ensure past profitability, which can be facilitated by tools like the Zacks Research Wizard [9]
ESGold Strengthens Broken Hill Analogue Theory with Peer-Reviewed University of Studies
Newsfile· 2025-07-24 14:22
Core Viewpoint - ESGold Corp. has validated its Broken Hill-type geological analogue theory for the Montauban Gold-Silver Project through recent seismic imaging results from an Ambient Noise Tomography (ANT) survey, reinforcing the project's exploration potential [1][3][4]. Group 1: Geological Validation - The ANT survey results support the idea that Montauban shares significant genetic and structural similarities with the Broken Hill deposit in New South Wales, Australia [1][5]. - Independent peer-reviewed studies from the University of Calgary and the University of British Columbia confirm that Montauban exhibits structural and geochemical traits akin to Broken Hill, one of the world's largest polymetallic deposits [5][6][13]. - The studies highlight key processes such as sulphide melting and remobilization that enriched and vertically redistributed precious metals, which are critical for deeper discovery [5][14]. Group 2: Exploration Potential - The data shifts Montauban from a historic producer to a high-impact exploration opportunity, indicating a structurally complex, vertically continuous mineral system [3][4]. - ESGold's exploration plan aims to unlock greater potential than previously envisioned, combining academic research with advanced imaging and historical data [4][6]. - The ANT survey has imaged mineralized zones down to 1,200 metres, validating the depth potential of Montauban and supporting the vertical stacking model predicted by academic studies [5][8]. Group 3: Technical Insights - The geological study by Dr. Andrew G. Tomkins at the University of Calgary provides a foundation for understanding Montauban as a complex, metamorphosed VMS system enriched in gold and silver [6][14]. - Key technical parallels between Montauban and Broken Hill include metamorphic grade and sulphide remobilization, confirming the vertical continuity of mineralization [7][10]. - The discovery of rhodonite, a mineral associated with Broken Hill-type systems, adds further weight to the analogue model [12]. Group 4: Next Steps in Development - ESGold is advancing a multi-track strategy for both development and exploration at Montauban, including a low-capex, high-margin tailings recovery strategy to generate near-term cash flow [18][19]. - A refined 3D geological model is being developed to guide upcoming drill targeting, integrating ANT survey data, historical drilling, and structural overlays [19]. - The expansion of the Montauban processing facility and site infrastructure is underway to support the company's near-term production goals [19].
Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico
Newsfile· 2025-07-24 08:00
Core Viewpoint - Questcorp Mining Inc. is advancing its exploration efforts at the La Union Gold-Silver Project in Sonora, Mexico, in preparation for a drilling program scheduled for mid-August 2025 [1][2][3]. Group 1: Project Overview - The La Union Project spans 2,520 hectares and is characterized as a carbonate replacement deposit (CRD) hosted by Neoproterozoic sedimentary rocks overlying crystalline Paleoproterozoic rocks [5]. - The project features high-grade mineralization with notable grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, and 2.2% copper, indicating significant potential for large gold discoveries [5]. Group 2: Exploration Activities - Surface exploration is ongoing, with the identification of multiple stacked thrust faults in the mineralized area, which may enhance the potential for mineralization [2][3]. - Rock and soil sampling is being conducted, with numerous samples sent for laboratory analysis, and results are expected in the coming weeks [4]. Group 3: Drilling Preparations - A 1,500-meter maiden drill program is set to commence in mid-August 2025, with drilling contractors touring the site and road maintenance underway [2][4]. - The management is focused on prudent financial management of exploration expenditures to de-risk the upcoming drilling program [2].
Xali Gold Developing Drill Targets at Sarape Project Near Las Chispas Mine in Mexico
Globenewswire· 2025-07-23 11:00
"We are very pleased that our exploration team has been able to recognize key vectors to precious metals bearing boiling zones occurring below and lateral to previous drilling. We optioned the project having recognized that key aspects of two known veins on Sarape indicate excellent potential to host high grades of silver and gold mineralization similar to Las Chispas and many other low-sulphidation systems in deposits and mines both in Mexico and elsewhere. Now we have several key vectors, including geoche ...
Volcanic Gold Closes Upsized Private Placement, Raising $1.66 Million
Thenewswire· 2025-07-17 17:00
Group 1 - Volcanic Gold Mines Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $1,664,200 by issuing 13,868,332 units at a price of $0.12 per unit [1] - Each unit consists of one common share and one warrant, allowing the holder to purchase an additional common share at $0.16 for two years after closing [1] - The company plans to use the proceeds to fund exploration activities on the Holly Property in Guatemala and for general working capital [2] Group 2 - Finder's fees for the financing included cash payments of $23,712 and 197,599 warrants with the same terms as the unit warrants [3] - Securities issued in the placement are subject to a resale restriction until November 16, 2025, and the private placement is pending final approval by the TSX Venture Exchange [3] Group 3 - Volcanic Gold Mines Inc. aims to build multi-million-ounce gold and silver resources in underexplored countries through strategic acquisitions and effective exploration programs [4]
Bear Creek Mining Announces Q2 2025 Mercedes Production Results and Drawdown of Funds
Newsfile· 2025-07-16 12:00
Core Viewpoint - Bear Creek Mining Corporation reported production results for Q2 2025, indicating a total of 7,973 ounces of gold and 33,932 ounces of silver from the Mercedes Mine, reflecting challenges in production efficiency due to contractor performance issues [1][2]. Production Results - The company mined 91,941 tonnes of ore in Q2 2025, down from 102,886 tonnes in Q1 2025 - Ore processed decreased to 89,488 tonnes in Q2 2025 from 105,611 tonnes in Q1 2025 - Gold grade processed improved to 2.88 grams per tonne (gpt) from 2.56 gpt in the previous quarter - Gold recovery rate increased to 96% from 95% in Q1 2025 - Gold ounces produced decreased from 8,262 in Q1 2025 to 7,973 in Q2 2025 - Silver ounces produced also decreased from 36,466 in Q1 2025 to 33,932 in Q2 2025 - Development meters fell to 1,828 from 2,469 in Q1 2025 [2][3]. Contractor Performance and Recovery Plan - The underperformance of a mining contractor engaged in late 2024 led to production challenges, prompting the company to terminate the mining services agreement in May 2025 - A comprehensive recovery plan is being implemented to enhance production efficiency, with a transition to a new contractor for the Marianas deposit, which is expected to be a major contributor to production in 2025 [2][3]. Strategic Review - The ongoing Strategic Review, initiated on March 4, 2025, is exploring various options including recapitalization, asset sales, mergers, and joint ventures, although no guarantees exist regarding the outcome [4]. Financial Drawdown - The company drew down US$2.4 million from the 2025 Sandstorm Note on July 14, 2025, with a total of US$3.6 million drawn to date - The remaining amount available for drawdown is up to US$2.9 million, subject to approval by Sandstorm - The note has a principal amount of US$6.5 million, an interest rate of 7% per annum, and matures on September 22, 2028 [5][6]. Working Capital Deficiency - As of December 31, 2024, the company reported a working capital deficiency of US$93.2 million, raising concerns about its ability to continue operations without additional financing [9].
ESGold's (ESAU) (ESAUF) Gold-Silver Project - Risk-Off in a Risky Industry
Newsfile· 2025-07-16 11:00
Core Viewpoint - ESGold Corp. is positioned as a fully permitted, pre-production gold and silver miner with a focus on minimizing risks for shareholders through strategic management and operational decisions [1][4]. Company Strategy - The company was founded with a philosophy of protecting shareholders, emphasizing fast-tracking production and minimizing dilution through careful property selection and management [3][4]. - New CEO Gordon Robb brings over ten years of experience in investment banking and capital markets, aligning with the company's shareholder-first philosophy [5][7]. - ESGold aims to generate cash flow quickly by processing tailings from the Montauban Project, allowing for reinvestment into further exploration [10][21]. Project Development - The Montauban Project, located 80 km west of Quebec City, is seen as a model for redeveloping legacy sites into cash-flow-generating projects [9]. - Recent Ambient Noise Tomography (ANT) surveys revealed geological structures extending to depths of 1,200 meters, suggesting a potential district-scale mineral system rather than a singular deposit [12][13]. - The company is expanding its mine building from 2,000 square feet to 4,000 square feet to support increased operational needs [10]. Exploration Potential - The ANT survey results indicate that Montauban may host multiple mineralized lenses, enhancing its exploration potential and positioning it alongside world-class deposits [14][17]. - The integration of historical data and new seismic imaging is expected to identify next-generation discovery zones [16]. Environmental and Social Governance (ESG) - ESGold's approach includes converting legacy tailings into valuable resources, promoting environmental restoration while addressing modern mining challenges [18][19]. - The company emphasizes the importance of being socially responsible and compliant with government regulations in its operations [19]. Financial Outlook - ESGold is fully permitted and close to production, with a mill on-site and tailings ready for processing, which is expected to lead to positive cash flow [21].
IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Kimberly Ann, CEO of Lahontan Gold Corp.
GlobeNewswire News Room· 2025-07-15 12:00
Core Insights - The latest episode of The MiningNewsWire Podcast features Kimberly Ann, CEO of Lahontan Gold Corp, discussing the company's strategic approach and potential in Nevada's Walker Lane, a prominent mining region [2][4][6] Company Overview - Lahontan Gold Corp is a Canadian mine development and exploration company focused on gold and silver assets in Nevada [2][8] - The company's flagship property, the Santa Fe Mine, has a history of production and significant mineral resources [8] Strategic Focus - Kimberly Ann emphasized a business-first mindset, focusing on profitability and successful outcomes rather than emotional attachment to projects [6] - The Santa Fe Mine has a reported 2 million ounces of gold, with plans to fast-track its development [5][9] Historical Context - The Santa Fe Mine operated from 1988 to 1994, producing 359,202 ounces of gold and 702,067 ounces of silver using open-pit heap leach methods [8] - The mine was closed due to economic factors when gold prices were at $340, leaving substantial resources untapped [5] Resource Estimates - The Santa Fe Mine has an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent [8][10] - The resources are reported based on a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources [10] Future Plans - Lahontan Gold Corp plans to advance the Santa Fe Mine project towards production and update its Preliminary Economic Assessment in 2025 [9]
Hycroft Announces Exercise and Closing of Underwriters' Option
Prnewswire· 2025-07-14 13:00
WINNEMUCCA, Nev., July 14, 2025 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or the "Company") announces the exercise and closing of the underwriters' over- allotment option to purchase: (i) an additional 1,324,117 of our Class A Common Stock at the public offering price of $3.49 per share and (ii) an additional 937,500 warrants at the public offering price of $0.02 per warrant. The exercise of the underwriters' option for the purchase of the additional Class A Common Stock c ...
ESGold Unlocks District-Scale Discovery Potential at Montauban with Geological Structures Extending to 1,200m
Newsfile· 2025-07-11 12:30
Core Insights - ESGold Corp. has announced significant findings from its Ambient Noise Tomography (ANT) survey at the Montauban Gold-Silver Project, revealing a vertically continuous mineral system extending to 1,200 meters, which redefines the exploration model for the site [1][2][8] - The survey suggests that Montauban may represent a district-scale Volcanogenic Massive Sulphide (VMS) environment, indicating potential for multiple mineralized lenses rather than a singular deposit [2][5][11] Geological Findings - The ANT survey, originally intended to map structures to 400 meters, successfully imaged to depths of 1,200 meters, uncovering a complex geological system [2][5] - The results indicate a strong contrast between high-velocity basement rocks in the north and structurally complex southern domains, presenting multiple potential discovery targets [5][10] - The survey integrated over 950 historic drill holes and 2015 VTEM survey data, contributing to an advanced 3D geological model [5][8] Historical Context - Montauban has a history of shallow, high-grade production with over 2.6 million short tons mined, but its deeper potential has remained largely unexplored until now [6][15] - The region has seen minimal modern exploration, with most geological data derived from tailings and shallow boreholes, limiting understanding of the mineralization extent [13][20] Strategic Implications - ESGold is positioned to capitalize on both operational and geological momentum, with permits secured and infrastructure installation underway [18][24] - The dual-track strategy of cash flow from tailings reprocessing alongside modern exploration efforts is expected to drive long-term growth for the company [11][18]