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Earnings Estimates Moving Higher for Royal Gold (RGLD): Time to Buy?
ZACKS· 2025-04-22 17:20
Core Viewpoint - Royal Gold (RGLD) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts are optimistic about Royal Gold's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - The consensus earnings estimate for the current quarter is $1.37 per share, reflecting a year-over-year increase of +50.55% [5]. - For the full year, the earnings estimate stands at $6.68 per share, indicating a +27% change from the previous year [6]. Estimate Revisions - Over the past 30 days, the Zacks Consensus Estimate for Royal Gold has increased by 8.11% for the current quarter, with two estimates raised and no negative revisions [5]. - For the current year, the consensus estimate has risen by 8.23%, supported by three upward revisions and no negative changes [7]. Zacks Rank - Royal Gold currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on the positive estimate revisions [8]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - The stock has gained 18.3% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9].
Prosper Gold Refines Target at Cyprus
Globenewswire· 2025-04-22 12:00
Following the maiden drill program, a deep-penetrating IP survey was designed to outline the distribution of disseminated sulphides within the hydrothermal system. IP results, along with alteration, lithology and pyrite mineralization observed in drill core, suggest the northeastern margin of the system was drilled. The survey results indicated the vast majority of disseminated sulphides occur 1.2 kilometres to the southwest of the nearest drill hole (DD25CYP002, Figure 2). The three holes intersected varia ...
Fortuna to release first quarter 2025 financial results on May 7, 2025; Conference call at 12 p.m. Eastern time on May 8, 2025
GlobeNewswire News Room· 2025-04-22 09:00
VANCOUVER, British Columbia, April 22, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its financial statements and MD&A for the first quarter on Wednesday, May 7, 2025, after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, May 8, 2025, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief Financial Officer, Cesa ...
Endeavour Silver Corp. Announces Full Exercise and Closing of Over-Allotment Option
Globenewswire· 2025-04-16 12:24
Core Viewpoint - Endeavour Silver Corp. successfully closed a prospectus offering, raising approximately US$50 million, which will be used to fund the acquisition of Compañia Minera Kolpa S.A. and its Huachocolpa Uno Mine [1][3]. Group 1: Offering Details - The offering closed on April 8, 2025, and included an over-allotment option exercised in full, resulting in the purchase of an additional 1,285,000 common shares at US$3.88 each, generating additional gross proceeds of US$4,985,800 [1]. - The total gross proceeds from the offering amount to approximately US$50 million [1]. Group 2: Acquisition Plans - The net proceeds from the offering will primarily fund the acquisition of all outstanding shares of Compañia Minera Kolpa S.A. for a total consideration of US$145 million [3]. - The closing of the acquisition is subject to regulatory approvals from the Toronto Stock Exchange and New York Stock Exchange, and is expected to occur within 60 days [4]. Group 3: Company Overview - Endeavour Silver Corp. is a mid-tier precious metals company focused on sustainable and responsible mining practices, with operations in Mexico and a new mine development in Jalisco State [5]. - The company also has a portfolio of exploration projects in Mexico, Chile, and the United States, aiming to become a premier senior silver producer [5].
GFG Announces C$2.5 Million Flow-Through Private Placement
Newsfilter· 2025-04-03 10:30
Core Viewpoint - GFG Resources Inc. is conducting a private placement to raise up to C$2.5 million, with Alamos Gold Inc. committing to maintain a 10.8% interest in the company through this offering [1][2]. Group 1: Offering Details - The offering will consist of up to 9,201,325 Premium Units priced at C$0.2717 each, with each unit comprising one common share and one-half of a share purchase warrant [2]. - Each whole warrant allows the holder to acquire an additional common share at an exercise price of C$0.28 for 24 months from issuance [2]. - The offering is expected to close around May 2, 2025, pending necessary approvals [4]. Group 2: Financial Implications - The financing will enhance GFG's exploration efforts and improve its financial position, enabling the company to capitalize on opportunities and create shareholder value [2]. - The company may pay finder's fees of up to 6% on a portion of the offering [4]. Group 3: Regulatory and Compliance Aspects - The Premium Units will be offered to accredited investors and other qualifying jurisdictions under National Instrument 45-106, with no hold period for the securities issued [5]. - Certain insiders are expected to participate in the offering, which will be treated as a related party transaction under Multilateral Instrument 61-101 [6].
INTEGRA ANNOUNCES SUBMISSION OF REVISED DELAMAR MINE PLAN OF OPERATIONS AND APPOINTS U.S. AIR FORCE LIEUTENANT GENERAL (RET.) LEONARD KOSINSKI AS BOARD ADVISOR
Prnewswire· 2025-04-02 10:30
Core Viewpoint - Integra Resources Corp. has submitted an updated Mine Plan of Operations (MPO) for the DeLamar Project to the U.S. Bureau of Land Management, marking a significant step in the federal permitting process under the National Environmental Policy Act (NEPA) [1][5] Group 1: Updated Mine Plan of Operations - The submission of the updated MPO initiates the pathway to the issuance of a Notice of Intent (NOI), which will lead to the preparation of an Environmental Impact Statement (EIS) to evaluate potential environmental effects [5] - The MPO reflects a significantly optimized and environmentally enhanced mine plan, including a more compact project footprint and design modifications aimed at reducing projected carbon emissions and water usage [6] Group 2: Strategic Appointments - The company has appointed U.S. Air Force Lieutenant General (Ret.) Leonard "Leo" Kosinski as a strategic Board Advisor to enhance federal engagement during the permitting process [2][8] - General Kosinski brings over 31 years of military and international leadership experience, which will be beneficial as the company navigates the permitting landscape [9][10] Group 3: Government Support and Executive Order - The company acknowledges the Executive Order published on March 20, 2025, titled "Immediate Measures to Increase American Mineral Production," which aims to streamline permitting timelines and enhance federal coordination [3][11] - The Executive Order addresses permitting bottlenecks for upstream resource projects, emphasizing the importance of domestic mineral supply chains for national security and economic stability [11]
Americas Gold and Silver(USAS) - 2024 Q4 - Earnings Call Transcript
2025-03-28 19:16
Financial Data and Key Metrics Changes - For the full year 2024, revenue increased to $100.2 million, up 5% from $95.2 million in 2023, driven by higher realized metal prices with silver averaging $28.13 per ounce and zinc at $1.26 per pound [26] - Consolidated attributable silver production was 1.7 million ounces, with approximately 3.7 million ounces of silver equivalent, including 31.5 million pounds of zinc and 15.8 million pounds of lead [26] - The company reported a net loss of $48.9 million for 2024, compared to a net loss of $38.2 million in 2023, primarily due to higher cost of sales and increased exploration costs [27] Business Line Data and Key Metrics Changes - The Galena Complex produced about 300 tonnes per day in 2024, significantly below its peak production of 600 tonnes per day in 2002, with a target to ramp up to 1,200 tonnes per day [18][19] - Cosalá operations delivered production of 2.4 million silver equivalent ounces, approximately 900,000 ounces of silver at a cash cost of $11 per ounce and an all-in sustaining cost of $21.48 per ounce [20] Market Data and Key Metrics Changes - The company expects to realize approximately 80% of its revenues from silver as production increases from higher-grade zones at both Galena and Cosalá [23] - The company has institutionalized over 50% of its shareholder register, a significant achievement compared to previous efforts [31] Company Strategy and Development Direction - The company is focused on unlocking the full potential of the Galena Complex through operational improvements and new equipment [10][11] - A substantial debt financial facility is being pursued to strengthen the balance sheet and provide financial flexibility [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the silver market, describing it as a strong bull market with significant growth potential [5][37] - The company is confident in increasing silver production steadily as it progresses with the EC120 project at Cosalá, which has already contributed $3.7 million to revenue in 2024 [28] Other Important Information - The company has ordered five new pieces of equipment to enhance safety and productivity [11] - An internal trade-off study is being conducted to establish the optimal path to ramp up mining operations [12] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session [39]
Americas Gold and Silver FY04 Earnings Miss Estimates, Revenues Up Y/Y
ZACKS· 2025-03-28 17:36
Core Viewpoint - Americas Gold and Silver (USAS) reported a wider adjusted net loss in 2024 compared to the previous year, primarily due to increased costs despite higher revenues from silver and zinc prices [1][2]. Financial Performance - The adjusted net loss for 2024 was $33.7 million, compared to a loss of $28.4 million in 2023 [1]. - The net loss for 2024 was $48.9 million, up from $38.2 million in 2023, influenced by higher foreign exchange losses and increased tax expenses [2]. - Adjusted loss per share was 13 cents, wider than the Zacks Consensus Estimate of 11 cents [1]. - The company posted a loss per share of 17 cents in 2024, compared to a loss of 16 cents per share in 2023 [3]. Revenue and Production - Revenues were approximately $100 million in 2024, a 5% increase from the prior year, driven by a 20% rise in silver prices and a 7% increase in zinc prices [4]. - The company’s attributable silver production was 1.7 million ounces in 2024, down 15% from 2023, with zinc and lead production also declining [6]. - Silver equivalent production was 3.7 million ounces, 19% higher than the previous year, mainly due to higher prices [6]. Operational Insights - The Galena Complex produced around 1.5 million ounces of silver in 2024, a decrease from 1.6 million ounces in 2023 [7]. - The Cosalá Operations saw a 25% year-over-year decline in silver production to 0.825 million ounces [8]. - The company expects an increase in silver production in 2025 as it progresses with the EC120 Project [10]. Cost Structure - Attributable cash costs were $17.41 per ounce of silver produced in 2024, up from $13.21 per ounce in 2023 [11]. - All-in-sustaining costs rose to $28.13 per ounce of silver produced compared to $20.44 per ounce in the prior year [11]. - Adjusted EBITDA was a loss of $1.5 million in 2024, slightly worse than the loss of $1.4 million in 2023 [12]. Cash Position - The company ended 2024 with cash and cash equivalents of $20 million and a working capital deficit of $28.7 million [13]. - Operating activities consumed $5.9 million in cash during the year [13]. Stock Performance - Shares of USAS surged 150% over the past year, contrasting with a 9.5% decline in the industry [14].
METALLA REPORTS FINANCIAL RESULTS FOR THE 2024 FISCAL YEAR AND PROVIDES ASSET UPDATES
Prnewswire· 2025-03-27 20:30
Core Viewpoint - Metalla Royalty & Streaming Ltd. reported positive operational and financial results for the year ended December 31, 2024, with expectations for continued growth in 2025 driven by new production milestones and cash flow generation from various projects [3][4][5]. Company Highlights - For the year ended December 31, 2024, Metalla received or accrued payments on 2,481 attributable Gold Equivalent Ounces (GEOs) at an average realized price of $2,411 and an average cash cost of $19 per attributable GEO [4][49]. - The company recognized revenue from royalty and stream interests of $5.9 million, with a net loss of $5.5 million and Adjusted EBITDA of $1.4 million for the same period [4][54]. - Operating cash margin was reported at $2,401 per attributable GEO from various royalty interests [4][54]. Outlook - In 2025, Metalla expects to receive or accrue payments on 3,500 to 4,500 attributable GEOs, with primary cash flow sources anticipated from Tocantinzinho, Wharf, Endeavor, Aranzazu, La Encantada, and La Guitarra [5][6]. Asset Updates - **Tocantinzinho**: As of year-end 2024, Proven Mineral Reserves totaled 1.06 million ounces at 1.23 g/t gold, with plans for near-mine exploration budgeted at $2 million for 2025 [7][8]. - **Wharf**: Coeur Mining reported production guidance for 2025 at Wharf of 90,000 to 100,000 ounces of gold, with exploration investment expected to be $7-10 million [11][12][13]. - **Aranzazu**: Aura Minerals announced fourth quarter 2024 production at Aranzazu totaled 23.4 K GEOs, with 2025 production guidance between 88,000 to 97,000 GEOs [14][15][16]. - **La Guitarra**: Sierra Madre announced full commercial production commenced on January 1, 2025, with Metalla accruing 25 GEOs for Q4 2024 [17]. - **Endeavor**: Polymetals Resources announced plans to commence production in Q2 2025, with Metalla holding a 4.0% NSR royalty on lead, zinc, and silver produced [20][21]. - **Côté-Gosselin**: IAMGOLD plans to spend approximately $18.6 million on exploration in 2025, including 45,000 meters of drilling [22][23][24]. - **Copper World**: Hudbay received the final major permit for the project, with a definitive feasibility study expected to be completed in the first half of 2026 [29][30]. Financial Information - Adjusted working capital as of December 31, 2024, was reported at $11.8 million, reflecting the exclusion of the Convertible Loan Facility [56].
INTEGRA APPOINTS CLIFFORD LAFLEUR AS CHIEF OPERATING OFFICER, ADDING SIGNIFICANT MINE OPERATIONAL EXPERTISE AND TECHNICAL CAPABILITIES TO EXECUTIVE LEADERSHIP TEAM
Prnewswire· 2025-03-25 20:05
Core Viewpoint - Integra Resources Corp. has appointed Clifford Lafleur as Chief Operating Officer, marking a significant step in the company's transformation into a growth-focused precious metals producer in the Great Basin of the U.S. [1][3] Company Overview - Integra Resources is a growing precious metals producer focused on operational excellence at its Florida Canyon Mine in Nevada and advancing its development-stage projects, DeLamar and Nevada North [6]. Appointment of COO - Clifford Lafleur brings over 25 years of operational and executive experience in mining, having previously contributed to the success of SilverCrest Metals, which was sold for $1.7 billion [2]. - Mr. Lafleur's role will be pivotal in optimizing operations at Florida Canyon and advancing development projects [3][4]. Strategic Focus Areas - The company aims to enhance operational execution at Florida Canyon through strategic mine optimization and cost discipline [4]. - There is a focus on maximizing the value of the development portfolio, particularly through advanced technical studies and construction efforts at DeLamar and Nevada North [4]. - Strategic capital allocation will ensure that cash flow from Florida Canyon is effectively reinvested to maximize shareholder value [4]. Future Guidance - Integra plans to release its formal 2025 operating and cost guidance in mid-2025, allowing Mr. Lafleur to assess operations and onboard effectively [4].