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 ...

行业 贵金属日评 日期 2025 年 7 月 4 日 研究员：何卓乔(宏观贵金属) 021-60635739 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号：F3008762 研究员：黄雯昕(国债集运) 021-60635739 huangwenxin@ccb.ccbfutures.com 期货从业资格号：F3051589 研究员：聂嘉怡(股指) 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 请阅读正文后的声明 宏观金融团队 每日报告 一、贵金属行情及展望 日内行情： 美国 6 月份 ADP 私营部门就业环比萎缩，令市场增强对 6 月份非农就业疲软 和美联储加快降息的预期，美国财政扩张法案在众议院遇阻进一步提振了贵金属 的避险需求，隔夜伦敦黄金反弹至 3360 美元/盎司附近，中美贸易形势边际缓和 以及中国股市持续偏强运行使得工业属性更强的白银表现优于黄金。特朗普 2.0 新政推动全球政经格局重组进入乱纪元模式，黄金的避险需求得到极大提振；目 前看黄金波动性上升但中线上涨趋势保持良好，建议投资者继续持多头思维以 ...

Core Viewpoint - Wheaton Precious Metals Corp. is launching its Future of Mining Challenge for 2025/26, inviting global ventures to propose solutions that enhance operational efficiencies and reduce environmental impacts in the mining industry [1][2]. Group 1: Challenge Overview - The Future of Mining Challenge aims to foster innovation in the mining sector, focusing on sustainable practices to meet the increasing global demand for minerals and metals [2][3]. - A total of US$1 million will be awarded to a cleantech venture that presents innovative technology for sustainable water management in mining [2]. Group 2: Participation and Timeline - Wheaton is accepting expressions of interest from cleantech innovators until August 29, 2025, after which selected ventures will be invited to submit full applications in September 2025 [3]. - The winner of the challenge will be announced in March 2026 during the PDAC Convention in Toronto, which is recognized as the largest mining conference globally [4]. Group 3: Collaboration and Support - This year, Wheaton is collaborating with the University of British Columbia's Sauder School of Business to leverage expertise in venture building and early-stage innovation support [4]. Group 4: Company Background - Wheaton Precious Metals is a leading precious metals streaming company, providing shareholders access to a portfolio of low-cost, long-life mines globally [6]. - The company is committed to responsible mining practices and employs rigorous due diligence to unlock long-term value for shareholders while supporting the mining industry [6].

Core Viewpoint - ValOre Metals Corp. is advancing its Pedra Branca Platinum Group Elements (PGE) Project in Brazil, focusing on high-quality gold exploration and development opportunities while achieving significant exploration results from recent drilling activities [1][2][4]. Exploration Highlights - The recent Trado auger drilling program at the Esbarro deposit involved 87 holes, with over 560 meters of PGE-bearing rock intercepted, confirming high-grade mineralization [5][6]. - Notable assay results include a standout from hole AD25ES99, which reported 10.0 meters grading 12.95 g/t 2PGE+Au, including 4.0 meters at 29.57 g/t 2PGE+Au [2][11]. - A total of 74 out of 87 holes returned PGE mineralization, with 28 holes exceeding 10 gram-metres in grade-thickness values [5][6]. Regulatory Advancements - Brazil's National Mining Agency (ANM) has approved the Final Exploration Reports for key mineral claims within the Pedra Branca Project, allowing the claims to enter the Mining Concession application phase [12][13]. - This regulatory milestone enhances the project's development readiness and enables intensified technical de-risking and project development work [13]. Metallurgical and Engineering Developments - Ongoing metallurgical testwork is being conducted in collaboration with the University of Cape Town, focusing on optimizing PGE recoveries from various rock domains, with preliminary results expected by the end of July [6][12]. - Preliminary water supply studies are set to begin in the second half of 2025 as part of preparations for a future Preliminary Economic Assessment (PEA) [6]. Resource Potential - The Pedra Branca project hosts a total inferred resource of approximately 2.2 million ounces (Moz) of 2PGE+Au, with significant exploration and resource expansion potential identified [21][12].

本文基于以下微博话题的智搜结果生成 以下是关于"金饰克价涨至1000元"事件的综合分析及市场解读： 一、最新金价动态 品牌报价（7月1日数据） 周生生：1000元/克（单日涨15元） 周大福：998元/克（单日涨9元） 老庙黄金：995元/克（单日涨11元） 技术性反弹：金价此前跌破3300美元后触发程序化买盘，快速拉升。 反弹触发点：美联储降息预期升温、美元疲软，叠加地缘避险情绪回温。 二、涨价核心原因 政策与货币因素 美联储降息预期：特朗普施压美联储降息，美元指数跌至2022年3月以来低位，提升黄金吸引力。 全球央行购金：95%央行计划增持黄金储备（如中国Q1增购244吨），长期支撑金价。 市场情绪与技术面 避险需求回温：中东局势反复、关税冲突不确定性，资金回流黄金。 老凤祥：999元/克（单日涨12元）对比6月30日低位：周生生985元/克、老庙984元/克，半月内跌幅达50 元后快速反弹。 国际金价联动 现货黄金报3321.53美元/盎司（+0.57%），COMEX黄金期货报3333.3美元/盎司（+0.77%）。 杠杆风险：纸黄金市场30日年化波动率达18%，杠杆操作易爆仓。 五、实用建议 三、消费 ...

In Colombia and Peru gangs are now thought to make more money from gold than from the sale of narcotics. We explain why it is difficult, yet important, to regulate the sector https://t.co/Q4g5Zypw5x https://t.co/IEQ2W6VELJ ...

Group 1 - Vox Royalty (NASDAQ: VOXR) is identified as a small-cap precious-metals royalty company with shares trading at approximately $3.13 and a market capitalization of around $162 million, which is perceived to be undervalued relative to its growth prospects [1] - The company has a diversified portfolio consisting of over 60 royalties, indicating a broad exposure to the precious metals sector [1] - The management team is described as shareholder-aligned, suggesting a focus on maximizing shareholder value [1]

Group 1 - The core viewpoint of the articles highlights the development and growth of the precious metals materials industry in China, particularly focusing on the leading company, Guoyan Platinum Industry, and its strategic initiatives for high-quality development [1][3][5] - Guoyan Platinum Industry was established in 2000 and listed in 2003, evolving into a comprehensive entity in precious metals research and development, with a focus on manufacturing, resource recycling, and supply services [1][3] - In 2023, Guoyan Platinum Industry achieved a production volume of 3,433 tons of precious metal materials, with 1,535 tons coming from recycled resources, indicating a significant increase in production capacity [3] Group 2 - The financing scale for precious metals materials companies is relatively small, but the amount of single financing events has been increasing, with total financing reaching 320 million yuan by March 31, 2025 [5] - The investment landscape in the precious metals materials industry is primarily dominated by domestic investment firms, while foreign investors are more active in trading platforms [6] - Notable domestic investment entities include Taihe Capital and Huatai Zijin, while international firms like Bertelsmann and Multicoin Capital are also involved in the sector [6]