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Alamos Gold Provides Notice of Second Quarter 2025 Results and Conference Call
Globenewswire· 2025-06-27 19:00
Company Overview - Alamos Gold Inc. is a Canadian-based intermediate gold producer with diversified production from three operations in North America, including the Island Gold District and Young-Davidson mine in Ontario, Canada, and the Mulatos District in Sonora State, Mexico [2] - The company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba, Canada [2] - Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development [2] Upcoming Financial Results - Alamos plans to release its second quarter 2025 financial results after market close on July 30, 2025 [1] - Senior management will host a conference call on July 31, 2025, at 10:00 am ET to discuss the results [1] - Participants can join the conference call via webcast or through specific dial-in numbers provided [1]
ValOre Announces Termination of Amalgamation Agreement with South Atlantic
Globenewswire· 2025-06-27 18:33
Core Viewpoint - ValOre Metals Corp. and its partners have mutually terminated the amalgamation agreement with South Atlantic Gold Inc. due to the failure of South Atlantic shareholders to approve the proposed amalgamation [1] Group 1: Company Overview - ValOre Metals Corp. is a Canadian company focused on deploying capital and expertise in projects that have seen substantial prior investment, possess high-value mineralization, and offer opportunities for value addition through exploration and innovation [2] Group 2: Amalgamation Details - The amalgamation agreement was intended for ValOre to indirectly acquire all issued and outstanding shares of South Atlantic [1] - The termination of the agreement was effective as of June 27, 2025, following the annual general and special meeting of South Atlantic [1]
3 Stocks With Upgraded Broker Ratings to Consider for Solid Returns
ZACKS· 2025-06-27 13:51
Core Insights - Stock markets are currently facing significant volatility due to geopolitical tensions and an ongoing trade war, leading to expectations of economic slowdown and rising inflation [1] Group 1: Broker Recommendations - Following brokers' recommendations can simplify stock selection, with Exelixis, Inc. (EXEL), Lyft, Inc. (LYFT), and Kinross Gold Corporation (KGC) highlighted as potential investment opportunities [2] - Brokers have direct communication with top management, providing them with insights into company performance and sector dynamics, which aids in assessing stock potential [3] Group 2: Stock Selection Strategy - A screening strategy for identifying potential winning stocks includes: - Broker rating upgrades of 1% or more over the last four weeks [5] - Current stock price greater than $5 [5] - Average 20-day trading volume greater than 100,000 [5] - Stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) have historically shown success, especially when combined with a VGM Score of A or B [6] Group 3: Company-Specific Insights - Exelixis, Inc. (EXEL) focuses on oncology and has four approved drugs, with a projected 32% earnings growth in 2025 and a 5% recent broker rating upgrade [7][9] - Lyft, Inc. (LYFT) operates multimodal transportation networks, expecting a 15.8% earnings growth in 2025, with a 2.5% recent broker rating upgrade [8][9] - Kinross Gold Corporation (KGC) is a top gold mining company, with a projected 69.1% earnings growth in 2025 and an 8.3% recent broker rating upgrade [10][9]
North Bay Resources Announces Physical Gold + Shares Unit Financing
Globenewswire· 2025-06-27 13:08
Group 1 - North Bay Resources, Inc. is conducting a private placement offering for accredited investors, aiming to raise up to $1,000,000 USD through the sale of Units consisting of 60% Common Shares and 40% physical gold [1][2] - Each Unit is priced at $0.001 USD, equating to 10,000,000 shares and 1.3 ounces of gold per $10,000 investment, with a post-closing valuation of approximately $5,500,000 USD if fully subscribed [2] - The offering is expected to close on or before July 31, 2025, with no commissions or agent fees involved [3] Group 2 - The Company operates the Bishop Gold Mill and several mining projects, including the Fran Gold Project, which has a recently discovered bulk tonnage deposit [6] - The Fran Gold Project has a current resource estimate of 20,035,146 tonnes at an average grade of 0.50 g/t, totaling 323,170 troy ounces of gold [8] - Additional exploration has identified a larger resource estimate of 43,797,234 tonnes at an average grade of 0.34 g/t, totaling 474,001 troy ounces of gold [10]
Wesdome Gold Mines Completes Acquisition of Angus Gold
Globenewswire· 2025-06-27 13:02
All amounts are expressed in Canadian dollars unless otherwise indicated TORONTO, June 27, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) and Angus Gold Inc. (TSX-V: GUS, OTC: ANGVF) (“Angus”) are pleased to announce the successful acquisition by Wesdome of all of the issued and outstanding common shares of Angus not already owned by Wesdome pursuant to a plan of arrangement (the “Arrangement”). The Arrangement became effective as of today’s date, resu ...
NetworkNewsAudio Announces Audio Press Release (APR) on New Gold Player Emerging in One of Canada's Premier Mining Districts
Globenewswire· 2025-06-27 12:30
Company Overview - LaFleur Minerals Inc. is focused on developing gold projects in the Abitibi Gold Belt, Québec, with a significant emphasis on the Swanson Gold Project and the Beacon Gold Mill [4] - The Swanson Gold Project spans approximately 16,600 hectares and includes several gold-rich prospects previously held by other mining companies [4] - The Beacon Gold Mill has been fully refurbished and is capable of processing over 750 tonnes per day, supporting both internal ore processing and custom milling for nearby projects [4] Industry Context - Gold prices have surged to over US$3,300 per ounce in early 2025, with projections reaching US$4,000 within 12 to 18 months, driven by declining confidence in U.S. fiscal policy and rising inflation [2] - This price increase has heightened interest in Canadian gold producers, known for their stability and operational reliability [2] Strategic Positioning - LaFleur Minerals is advancing towards near-term production, with plans for bulk sample permitting and a targeted mill restart by the end of 2025 [2][3] - The company has a compliant resource of over 187,000 ounces of gold and aims to transition from explorer to producer, with full-scale production expected to reach up to 30,000 ounces annually by early 2026 [3] - LaFleur's vertical integration model is designed to create early revenue streams and scalable growth opportunities in a favorable gold market [1][3]
现货黄金失守3290美元/盎司关口,机构建议聚焦美国PCE数据
Xin Lang Cai Jing· 2025-06-27 07:13
Core Viewpoint - The upcoming release of the US PCE inflation data is expected to significantly impact market dynamics, particularly affecting the dollar and gold prices [2][3]. Economic Indicators - The US PCE price index for May is anticipated to rise by 2.3% year-on-year, up from 2.1% in April, while the core PCE is expected to increase by 2.6%, compared to 2.5% in April [2][3]. - Analysts suggest that if the PCE data, especially the core index, falls short of expectations, it could weaken the dollar and boost other major non-USD currencies [2][3]. Gold Market Analysis - The gold market is currently influenced by a complex macroeconomic environment, with ongoing geopolitical tensions and economic uncertainties driving demand for gold as a safe-haven asset [4][5]. - Factors supporting potential gold price increases include sustained demand for safe-haven assets due to geopolitical issues, expectations of interest rate cuts by the Federal Reserve, and ongoing high levels of US debt and deficits [4][5]. - The gold ETF fund (159937) offers a low-cost investment option that closely tracks domestic gold prices, supporting T+0 trading and providing a long-term hedge against economic downturns [5]. Market Sentiment - Recent economic data from the US indicates weakening consumer confidence and spending, which may put short-term pressure on the economy, although the Federal Reserve remains cautious regarding inflation uncertainties [5]. - Despite a generally weak dollar index trend, the Fed's maintenance of high interest rates has temporarily mitigated the dollar's decline, while gold remains supported by increasing international trade risks [5].
NexGold Announces Voting Results from its Annual and Special Meeting of Shareholders
Globenewswire· 2025-06-26 21:00
TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to announce results from its 2025 Annual General and Special Meeting of Shareholders (the “Meeting”) held earlier today. A total of 50,604,879 common shares (“Shares”) were voted in person or represented by proxy at the Meeting, representing approximately 32.11% of the votes attached to all the outstanding Shares as at the record date of the Meeting. Election of DirectorsAt the ...
Can Aris Mining's Solid Financial Health Power Its Growth Actions?
ZACKS· 2025-06-26 13:16
Core Insights - Aris Mining Corporation (ARMN) has a robust balance sheet with a cash balance of approximately $240 million at the end of Q1, enabling it to finance development projects effectively [1][7] - The company generated $40 million in cash flow during Q1 after accounting for sustaining capital and taxes, allowing it to fund key projects internally and reduce financing risk [2][7] - ARMN shares have increased by 96.9% year-to-date, outperforming the Zacks Mining – Gold industry, which rose by 52.9% [5][7] Financial Performance - ARMN's cash flow generation and cash reserves support ongoing projects such as Segovia mill expansion and Marmato Lower Mine construction [2][7] - The company is trading at a forward 12-month earnings multiple of 4.61, which is about 65% lower than the industry average of 13.19 [8] - The Zacks Consensus Estimate indicates a significant year-over-year earnings increase of 226.5% for 2025 and 80.6% for 2026, with EPS estimates trending higher over the past 60 days [10]
Equinox Gold vs. Eldorado Gold: Which Gold Miner is Shining Brighter?
ZACKS· 2025-06-26 13:16
Core Viewpoint - Equinox Gold Corp. (EQX) and Eldorado Gold Corporation (EGO) are mid-tier diversified gold producers in Canada, with favorable gold prices currently above $3,300 per ounce despite a decline from April 2025 highs, making them relevant for investors in the precious metals sector [1][2]. Equinox Gold (EQX) - EQX has evolved into a diversified, growth-focused gold producer with a target of over one million ounces of annual production through expansions [4]. - The company operates five mines and has three expansion projects expected to add approximately 300,000 ounces of annual production in the coming years [4]. - The Greenstone mine is ramping up production, targeting 196,000 tons per day and expected to produce around 390,000 ounces annually at full capacity [5]. - EQX's recent business combination with Calibre Mining Corp. positions it as the second-largest gold producer in Canada, with a combined annual production of over 1.2 million ounces [6][7]. - The company ended Q1 with $173 million in unrestricted cash and $65 million in an undrawn credit facility, generating $73.3 million in cash flow from operations [8]. - However, EQX's all-in-sustaining costs (AISC) increased to $2,065 per ounce, reflecting operational cost inflation and challenges at the Greenstone mine [10][11]. - EQX expects $35 million in mine suspension costs from the Los Filos mine in Q2 but anticipates cost reductions with rising production in late 2025 [11]. Eldorado Gold (EGO) - EGO operates four mines across Turkey, Canada, and Greece, with a strong asset portfolio supporting long-term demand [12][13]. - The Skouries project in Greece is expected to be a key growth driver, with first production anticipated in Q1 2026 and an average output of 140,000 ounces of gold and 67 million pounds of copper annually over 20 years [14]. - EGO aims to increase annual gold production to 660,000-720,000 ounces by 2027, representing a 33% growth from 2024 [16]. - As of March 31, 2025, EGO had $978 million in cash and $241 million in available credit, with a long-term debt-to-capitalization ratio of around 19% [17]. - EGO's stock has gained 37.7% year-to-date, outperforming EQX's 17.1% increase [18]. Price Performance and Valuation - EQX is trading at a forward 12-month earnings multiple of 7.83, which is a 40.6% discount to the industry average of 13.19 [20]. - EGO's stock is trading at a forward earnings multiple of 9.86, below the industry average [21]. - The Zacks Consensus Estimate for EQX's 2025 sales and EPS implies a year-over-year rise of 53.2% and 135%, respectively, while EGO's estimates suggest growth of 19.3% and 10.8% [25][26]. Investment Outlook - Both EQX and EGO are positioned to benefit from the bullish gold market, but EQX's higher operational costs may pose risks [27]. - EGO's rising earnings estimates and lower leverage suggest it may offer better investment prospects in the current market environment [27].