Key Takeaways Royal Gold will acquire Sandstorm Gold in an all-stock deal valued at $3.5 billion. RGLD will buy Horizon Copper for $196 million in cash, pending Sandstorm deal completion. Sandstorm Gold deal expands RGLD's portfolio with producing, development, and exploration-stage assets.Royal Gold, Inc. (RGLD) announced that it inked agreements to acquire Sandstorm Gold Ltd. (SAND) and Horizon Copper Corp. These transactions will reinforce Royal Gold’s position as a leading North American precious meta ...

Group 1: Dundee Precious Metals - Dundee Precious Metals is engaged in the acquisition, exploration, development, mining, and processing of precious metals, holding a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Dundee Precious Metals' current year earnings has increased by 24.7% over the last 60 days [1] - The company's shares gained 32.5% over the last three months, outperforming the S&P 500's gain of 25.1%, and it possesses a Momentum Score of A [2] Group 2: Booking Holdings - Booking Holdings is one of the largest online travel companies globally, also holding a Zacks Rank 1 [3] - The Zacks Consensus Estimate for Booking Holdings' current year earnings has increased by 0.9% over the last 60 days [3] - The company's shares gained 39.9% over the last three months, significantly outperforming the S&P 500's gain of 25.1%, and it possesses a Momentum Score of A [4] Group 3: Lloyds Banking Group - Lloyds Banking Group is a UK-based financial services company providing a range of banking and financial services, also holding a Zacks Rank 1 [4] - The Zacks Consensus Estimate for Lloyds Banking Group's current year earnings has increased by 2.6% over the last 60 days [4] - The company's shares gained 27% over the last three months, slightly outperforming the S&P 500's gain of 25.1%, and it possesses a Momentum Score of A [4]

VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) reports second quarter 2025 production of 1,483,736 silver ounces (oz), 7,755 gold oz, and in combination with base metal production a silver equivalent(1) (“AgEq”) total production of 2.5 million oz. All dollar amounts are in US dollars ($). "We delivered strong and consistent production in the second quarter,” said Dan Dickson, Chief Executive Officer of Endeavour Silv ...

Core Viewpoint - Goldstorm Metals Corp. has initiated a 2025 exploration program targeting the Copernicus Zone on its 100%-owned Crown Property, located in British Columbia's Golden Triangle, following recent copper-gold-silver discoveries [1][13]. Exploration Program - The exploration will include geological and geophysical programs to advance exploration on the Copernicus Zone, which covers approximately 16,000 hectares adjacent to significant projects by Seabridge Gold Inc. and Newmont [1][13]. - The Copernicus Zone is identified as a high-grade copper target with associated gold and silver mineralization [3]. Geological Insights - The company is analyzing assay results from previous sampling programs to define potential drill-hole locations for an inaugural diamond drilling program [3]. - A detailed geophysical study will be conducted over the Orion 'Spine', a six-kilometer-long ridgeline, to identify anomalies associated with mineralization [3][6]. Sampling Results - In 2024, extensive mapping and sampling programs included 627 surface rock samples, revealing multiple mineralized trends within volcaniclastic rocks at the Copernicus Zone [7]. - Notable sampling highlights include a grab sample returning 30.9 g/t gold and 42.39 g/t silver, and 16 samples within the Copernicus Zone returning greater than 1% copper [9][8]. Future Drilling Plans - The company has completed the construction of several drill pads targeting shear-hosted massive chalcopyrite lenses, which may represent mobilized metals from a deeper source [4][5]. - The initiation of a drill program is contingent upon favorable results from the upcoming geophysical study [3][6]. Company Background - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a strategic land position in the Golden Triangle of British Columbia, which is known for hosting some of the largest and highest-grade gold deposits globally [13].

Vancouver, British Columbia--(Newsfile Corp. - July 8, 2025) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") announces its intention to spin out its exploration interests in various permit and permit applications in a highly prospective region of Cote d'Ivoire, West Africa. Through its wholly-owned subsidiary, Starcore currently has interests over land holdings covering an aggregate area of 1,393 km2 which includes the exploration permit granted to its Kimoukro Gold Project.Sta ...

Resource Highlights - Total Measured and Indicated (M&I) Gold Resources are 106 million ounces [11] - Total Inferred Gold Resources are 34 million ounces [11] - Total M&I Silver Resources are 361 million ounces [11] - Total Inferred Silver Resources are 96 million ounces [11] - Total M&I Gold Equivalent Resources are 152 million ounces [14] - Total Inferred Gold Equivalent Resources are 46 million ounces [14] - The resource area comprises less than 10% of the company's land package [22, 40, 44, 85] Financial Position - Cash position was approximately $397 million as of March 31, 2025 [9, 24] - An additional $277 million was held as restricted cash [24] Exploration and Development - The company has made a new high-grade silver discovery [9, 22, 33] - Average flotation recoveries are 10% higher than previously modeled, with 89% gold and 93% silver recovery [33]

Core Viewpoint - Almaden Minerals Ltd. is engaged in international arbitration against the Mexican government under the CPTPP, claiming damages of US$1.06 billion due to the unlawful expropriation and termination of its mineral concessions related to the Ixtaca precious metals project [1][15]. Group 1: Arbitration Proceedings - A public copy of the Memorial document filed by Almaden regarding its arbitration claim is now available on the ICSID website [1]. - Almaden and Almadex Minerals Ltd. are pursuing the claim on behalf of themselves and their Mexican subsidiaries, asserting that Mexico's actions led to the complete loss of their investment in the Ixtaca project [2]. - The Memorial outlines Mexico's breach of obligations under the CPTPP, including unlawful expropriation without compensation, failure to provide fair treatment, and discrimination against the Claimants [3]. Group 2: Mexico's Response - Mexico has requested the arbitration panel to establish a separate phase to consider jurisdictional objections, arguing that the Claimants lack standing due to specific bylaws of their Mexican subsidiaries [4]. - Almaden considers Mexico's bifurcation request to be flawed and an attempt to delay the proceedings [5]. Group 3: Background of the Claim - The claim is rooted in a lawsuit filed by an ejido community against Mexico, challenging the constitutionality of the mineral title system due to lack of Indigenous consultation [6]. - The ejido community is located outside the Project's area of influence, and Almaden attempted to address their concerns by relinquishing part of its mineral title [7][8]. - The AMLO regime, which came to power in 2018, is noted for its hostility towards foreign mining companies [9]. Group 4: Legal Developments - In 2022, Mexico's Supreme Court ruled that the mineral titles issued to the Claimants were improperly granted without Indigenous consultation, leading to the suspension of these titles [10][11]. - Despite efforts to comply with the court's ruling, the Company faced further obstacles, including a denial of access to the relevant authorities [12][13]. - Ultimately, the mineral rights were cancelled, and Indigenous consultation did not occur, resulting in significant harm to the Claimants [14][15]. Group 5: Damages and Legal Representation - The Claimants are seeking damages of US$1.06 billion, which may be updated based on future market conditions [15]. - Legal counsel for the arbitration includes Boies, Schiller, Flexner, LLP, and RíosFerrer + Gutiérrez, S.C. [16].

Core Insights - OR Royalties Inc. reported a record preliminary revenue of $60.4 million for Q2 2025, with a cash margin of approximately $57.8 million, representing 95.8% of revenues [2][12]. - The company earned 19,700 attributable gold equivalent ounces (GEOs) during the same quarter [2]. - As of June 30, 2025, OR Royalties had a cash position of approximately $49.6 million and a drawn balance of $35.7 million on its revolving credit facility [3][4]. Financial Performance - Q2 2025 revenues reached $60.4 million, up from $47.4 million in Q2 2024, marking a significant increase [12]. - The cost of sales (excluding depletion) for Q2 2025 was $2.6 million, compared to $1.6 million in Q2 2024 [12]. - The cash margin in dollars for Q2 2025 was $57.8 million, an increase from $45.8 million in Q2 2024, while the cash margin percentage slightly decreased from 96.6% to 95.8% [12]. Debt and Cash Position - The company repaid $40.0 million on its revolving credit facility during Q2 2025, reducing the outstanding balance to $25.7 million post-quarter [3][4]. - OR Royalties has an additional $614.3 million available to be drawn from its revolving credit facility, along with an uncommitted accordion of $200.0 million [3]. Upcoming Events - OR Royalties will release its detailed Q2 2025 results on August 5, 2025, after market close, followed by a conference call on August 6, 2025 [5][6].

The parties will host a joint conference call on July 7, 2025 at 7:00 a.m. PDT to discuss the Transactions, the details of which are included at the end of this release. All dollar figures are expressed in U.S. currency unless otherwise indicated. VANCOUVER, BC, July 7, 2025 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm", or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that the Company has entered into a definitive arrangement agreement with Royal Gold Inc. ("Ro ...

Global Commodities Research 01 July 2025 J P M O R G A N Global Commodities The Week in Commodities This is a summary note that consolidates the latest views of our global commodity strategists published over the week; to read detailed reports, refer to the hyperlinks. It also contains hyperlinks to other related research/podcasts on the global commodities market. Oil Markets Weekly: Major supply disruption risk at 21%, but deterrent lines are now well-defined Global Commodities Webinar: US Enters War with ...