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Monument Announces Declaration of Special Dividend
Globenewswire· 2025-12-11 21:21
VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce that its Board of Directors has declared a special cash dividend of two cents ($0.02) per common share on all issued and outstanding common shares. The dividend will be payable on January 19, 2026, to shareholders of record as at the close of business on January 5, 2026. Ms. Zhai, CEO and President commented: “We are pleased with the Board’s app ...
Dow Jumps To New Record Closing High But Nasdaq Closes Modestly Lower
RTTNews· 2025-12-11 21:12
Market Performance - The major U.S. stock indexes exhibited contrasting movements, with the Dow rising sharply by 646 points or 1.3 percent to a record closing high of 48,704.01, while the Nasdaq fell by 60 points or 0.3 percent to 23,594 [1][2] - The S&P 500 also saw a modest increase, rising by 14 points or 0.2 percent to 6,901 [1] Company-Specific Developments - Visa's shares surged by 6.1 percent following an upgrade from Bank of America, contributing significantly to the Dow's increase [2] - Other companies like Nike, UnitedHealth, and American Express also posted strong gains, bolstering the Dow [2] - Conversely, Oracle's shares plummeted by 10.8 percent after reporting fiscal second quarter earnings that exceeded analyst estimates but fell short on revenue expectations [2][3] Economic Indicators - The Labor Department reported a rebound in first-time claims for U.S. unemployment benefits, rising to 236,000, an increase of 44,000 from the previous week's revised level of 192,000 [4][5] Sector Performance - Gold stocks experienced a significant rise, with the NYSE Arca Gold Bugs Index increasing by 4.3 percent to a new record closing high [5] - The NYSE Arca Steel Index also saw a 2.2 percent surge, reaching its best closing level in over seventeen years [5] - Banking and networking stocks showed notable strength, while oil producer stocks declined due to a drop in crude oil prices [6] International Markets - In overseas trading, stock markets in the Asia-Pacific region mostly declined, with Japan's Nikkei 225 Index down by 0.9 percent and China's Shanghai Composite Index down by 0.7 percent [6] - European markets, however, moved upward, with the French CAC 40 Index up by 0.8 percent, the German DAX Index up by 0.7 percent, and the U.K.'s FTSE 100 Index up by 0.3 percent [7] Bond Market - In the bond market, treasury yields fell, with the yield on the benchmark ten-year note decreasing by 2.3 basis points to 4.141 percent [7]
Newmont, Barrick Mining Jump To Record Highs: Gold Miners Are Up 155% This Year - Barrick Mining (NYSE:B)
Benzinga· 2025-12-11 20:58
Core Insights - Major North American gold miners have reached record highs due to the Federal Reserve's third consecutive interest-rate cut, fueling a significant rally in precious metals [1][6] - Newmont Corp. and Barrick Mining Corp. have seen substantial year-to-date gains of 168% and 180%, respectively, with the VanEck Gold Miners ETF rising 155% [1][2] - Gold and silver prices have surged, with gold reaching $2,230 per ounce (up 62% year-to-date) and silver at $64 (up 119% year-to-date), marking their strongest annual performance since the late 1970s [3] Company Performance - Newmont Corp. experienced a 6.1% increase in stock price, achieving all-time highs and its strongest single-day performance since July [1] - Barrick Mining Corp. rose by 4%, marking its third consecutive session of gains and also reaching new records [2] Industry Trends - The broader precious metals market is experiencing a powerful rally, with the VanEck Gold Miners ETF setting new records [2] - The Federal Reserve's recent rate cuts and plans for technical purchases of Treasury bills indicate a supportive macroeconomic environment for precious metals [6][7] Expert Opinions - Analysts suggest that the current rally in gold prices is part of long-term cycles driven by macroeconomic imbalances, indicating that the cycle may still be in its early stages [8][9] - Continued central bank demand and the adoption of gold in portfolio allocations are reinforcing the recovery in gold prices [10]
Loncor Gold Announces Shareholder Approval of Acquisition by Chengtun Mining
Newsfile· 2025-12-11 20:43
Core Viewpoint - Loncor Gold Inc. shareholders have overwhelmingly approved the acquisition by Chengtun Mining Group, with 99.70% of votes in favor at the special meeting [1][3]. Group 1: Acquisition Details - The acquisition requires at least 66 2/3% approval from shareholders present at the meeting, along with a simple majority excluding certain votes as per Multilateral Instrument 61-101 [2]. - The voting results showed 128,180,130 shares (99.70%) approved the acquisition, while 390,031 shares (0.30%) were against it [3]. - Excluding votes that needed to be excluded for minority approval, 98,012,721 shares (99.60%) were in favor [3]. Group 2: Next Steps - The transaction's closing is contingent upon receiving a final order from the Ontario Superior Court of Justice and meeting other conditions outlined in the arrangement agreement dated October 14, 2025 [3]. Group 3: Company Background - Loncor Gold Inc. is focused on gold exploration in the Ngayu Greenstone Gold Belt in the Democratic Republic of the Congo, with significant resources at the Imbo Project [5][6]. - The Adumbi deposit has an indicated mineral resource of 1.88 million ounces of gold, with an inferred resource of 2.09 million ounces [6]. Group 4: Chengtun Mining Overview - Chengtun Mining specializes in developing new energy metal resources, including mining and refining operations focused on copper, cobalt, and nickel, and has identified gold as a strategic area for future development [8].
3 Reasons Growth Investors Will Love Equinox Gold (EQX)
ZACKS· 2025-12-11 18:46
Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill this potential is challenging [1] Group 1: Company Overview - Equinox Gold (EQX) is highlighted as a promising growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 25.9%, with projected EPS growth of 168.3% this year, significantly surpassing the industry average of 63.5% [5] Group 2: Financial Metrics - Equinox Gold's year-over-year cash flow growth stands at 34.3%, well above the industry average of 8.6% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 32.8%, compared to the industry average of 15.4% [7] Group 3: Earnings Estimates - The current-year earnings estimates for Equinox Gold have increased by 11% over the past month, indicating a positive trend in earnings estimate revisions [8] - The combination of upward earnings estimate revisions and a Growth Score of A positions Equinox Gold favorably for potential outperformance [10]
FEAM Progresses With LCD Glass Tank Trial Commencement by Customer
ZACKS· 2025-12-11 17:01
Key Takeaways 5E's boric acid enters final glass furnace testing with positive initial results.Earlier lab and supply-chain trials met strict purity and performance standards for LCD glass.The final tank trial positions 5E to advance multi-year supply deals in a tightly held market.5E Advanced Materials, Inc. (FEAM) , popularly known as 5E, recently announced that its customer, a major U.S.-based LCD glass manufacturer, has begun glass furnace testing using the first batch of its boric acid. The company had ...
Why Newmont Stock Sizzled to a 52-Week High Today
The Motley Fool· 2025-12-11 17:00
Core Insights - Analysts expect Newmont's stock to rise significantly, with predictions of over 25% increase from current levels [1][6] - The Federal Reserve's interest rate cuts have positively impacted gold prices, making gold a more attractive investment [3][4] Company Performance - Newmont generated a record free cash flow of $1.6 billion in the latest quarter, marking its fourth consecutive quarter with over $1 billion in free cash flow [4] - The company has successfully implemented cost-cutting initiatives, enhancing its margins and cash flows [4][7] Market Position - Newmont's shares have surged 160% in 2025, reflecting strong market performance despite concerns about high valuations [7] - The company boasts significant gold reserves, steady production, and declining costs, positioning it as one of the best gold stocks available [7] Analyst Ratings - Analyst Fahad Tariq from Jefferies set a price target of $120 per share for Newmont, while Daniel Major from UBS raised the target from $105.5 to $125 per share [6] - Both analysts are optimistic about gold miners' ability to generate larger margins and cash flows due to strong demand and rising gold prices [6]
Gold Royalty Corp. (GROY) Discusses Acquisition of Pedra Branca Royalty and Related Equity Financing Transcript
Seeking Alpha· 2025-12-11 16:42
Core Viewpoint - The acquisition of the Pedra Branca Copper and Gold Royalty is expected to significantly enhance the company's revenue and is a strategic addition to its existing portfolio [3]. Group 1: Acquisition Details - The company acquired the royalty from BlackRock World Mining Trust plc for USD 70 million in cash [3]. - The royalty consists of a 25% gold net smelter return (NSR) and a 2% copper NSR on BHP's Pedra Branca mine, which has been operational since 2020 [3]. - This acquisition is projected to be approximately 10% accretive to the company's net asset value per share [4]. Group 2: Strategic Fit - The Pedra Branca acquisition complements the company's gold-focused portfolio while also enhancing its exposure to copper in low-risk jurisdictions [3].
Aris Mining Surges 123.3% in Six Months: Should Investors Ride the Rally?
ZACKS· 2025-12-11 16:26
Core Viewpoint - Aris Mining Corporation (ARMN) has demonstrated significant stock performance, with a 123.3% increase over the past six months, outperforming both the industry and the S&P 500 [1][2]. Stock Performance - ARMN shares closed at $14.72, nearing a 52-week high of $14.83 and significantly above a 52-week low of $3.29, indicating strong upward momentum [3]. - The stock is trading above its 50-day and 200-day moving averages, reflecting confidence in the company's long-term prospects [3]. Production and Growth - In Q3 2025, ARMN produced 73,236 ounces of gold, a 25% increase from the previous quarter and a 36.6% year-over-year increase, positioning the company to meet its full-year production guidance of 230,000-275,000 ounces [9]. - The Segovia mine's second mill has significantly boosted production capacity, processing 219,550 tonnes of gold ore in Q3, up 31.6% year-over-year [10]. - The Marmato operation is expected to be a long-term growth driver, with first gold exploration in the Bulk Mining Zone anticipated in the second half of 2026 [11]. Future Projects - ARMN holds a 51% interest in the Soto Norte Project, which has been reaffirmed as a highly attractive undeveloped gold asset in the Americas [12]. - The Toroparu Project in Guyana has over 6.5 million ounces of gold resources and is projected to be a low-cost, long-lasting mine [12]. Financial Health - The company reported a cash balance of $417.9 million at the end of Q3, up from $310.2 million in Q2, and generated $90.8 million in cash flow after sustaining capital and taxes [13]. - ARMN's growing cash position supports ongoing investments in its projects, including Segovia and Marmato [13]. Cost Pressures - ARMN reported an increase in all-in-sustaining costs (AISC) per ounce to $1,641, up from $1,540 year-over-year, primarily due to higher sustaining capital expenditures [14]. - The increase in costs was attributed to higher volumes of purchased mill feed and increased royalty and social contribution expenses [15]. Valuation - ARMN is trading at a trailing price-to-earnings ratio of 6.71X, significantly lower than the industry average of 13.11X and compared to peers Newmont and Agnico Eagle Mines at 13.27X and 17.81X, respectively [20]. Conclusion - The advancements in Segovia and Marmato operations, along with a solid cash position and healthy cash flows, suggest that ARMN is well-positioned for long-term growth despite facing near-term challenges [21].
Providence Gold Mines Inc. La Dama de Oro Gold, Bulk Sample and Financing Update
Thenewswire· 2025-12-11 15:55
Core Insights - Providence Gold Mines Inc. has entered into an underground mining lease agreement with Easy Mining Company Ltd. to advance the La Dama de Oro gold-silver project [1][2][4] Company Developments - Easy Mining is recognized as an experienced underground mining contractor with operations in Canada and the U.S., and will manage mining, exploration, and processing activities at the La Dama de Oro property [2][4] - The lease allows Easy Mining to explore and mine within existing underground workings, with authorization to extract a 1,000-ton bulk sample over a twelve-month period [3][4] - Providence has closed a private placement, issuing 1,604,800 units for gross proceeds of $80,240, which will be used for general administration and sampling activities at the La Dama de Oro project [5][6] - A new non-brokered private placement of up to 2,000,000 units at a price of $0.05 per unit is also announced, aiming for gross proceeds of up to $100,000 [7] Financial Arrangements - Easy Mining will pay a 2% Net Smelter Royalty to Mohave Gold Mining and Exploration Inc., the property optionor [8] - Any gross proceeds from bulk sample mining will be shared equally between Easy Mining and Providence [8]