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Perpetua Resources Announces $70 Million Offering of Common Shares
Prnewswire· 2025-10-28 20:10
Core Viewpoint - Perpetua Resources Corp. has announced a public offering of $70 million in common shares to fund the Stibnite Gold Project and other corporate activities [1][2]. Group 1: Offering Details - The public offering consists of $70 million in common shares, with Agnico Eagle Mines Limited indicating its intention to participate in a concurrent private placement [1]. - The net proceeds from the offering will be used for the construction and development of the Stibnite Gold Project, working capital, exploration activities, and general corporate purposes [2]. - The offering will be managed by BMO Capital Markets, National Bank of Canada Capital Markets, and RBC Capital Markets as joint book-running managers [3]. Group 2: Regulatory and Legal Aspects - The offering is being conducted under the Company's effective shelf registration statement on Form S-3, and will comply with the Securities Act of 1933 [4]. - The concurrent private placement is subject to customary closing conditions but is not contingent upon the public offering [5]. Group 3: Company and Project Overview - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of Idaho, with the Stibnite Gold Project being a high-grade open pit gold deposit [6]. - The project aims to restore an abandoned mine site and produce gold and antimony, which is critical for U.S. defense needs [6].
Xali Gold Outlines Plans for Pico Machay Gold Project in Peru
Globenewswire· 2025-10-28 20:10
VANCOUVER, British Columbia, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold” or the “Company”) is pleased to announce plans to advance the Pico Machay Gold Project (“Pico Machay” or the “Project”) in Central Peru. The Project is under acquisition through a Share Purchase Agreement (“SPA”) with Pan American Silver Corp. (TSX:PAAS) (NYSE:PAAS) (“Pan American”) and its subsidiary, Aquiline Resources Inc. (“Aquiline”) as per the October 24th, 2025 news release. The Pico Machay transact ...
Linde Gears Up to Report Q3 Earnings: What's in the Offing?
ZACKS· 2025-10-28 20:05
Core Insights - Linde plc (LIN) is scheduled to report its third-quarter 2025 results on October 31, before the market opens [1][9] - The Zacks Consensus Estimate for third-quarter earnings per share is $4.18, reflecting a 6.09% increase year-over-year, while revenue is estimated at $8.6 billion, indicating a 2.93% year-over-year improvement [2][3][9] Q2 Earnings Highlights - In the previous quarter, Linde reported earnings of $4.09 per share, surpassing the Zacks Consensus Estimate of $4.03, driven by higher pricing and increased volumes from the Americas and EMEA segments [2] - Linde has consistently beaten earnings estimates over the past four quarters, with an average surprise of 1.08% [2] Performance Factors - Linde is a leader in industrial gas production, serving various end markets including healthcare, manufacturing, and chemicals [4] - The company is expected to maintain stable performance due to long-term contracts with major on-site clients and operations in resilient markets like healthcare and food and beverages [5] - However, macroeconomic challenges, particularly in Europe, may have weakened demand, affecting performance in cyclical markets such as metals, manufacturing, and energy [6] Segment Performance Estimates - The Zacks Consensus Estimate for operating profit in the Americas segment is $1.22 billion, an increase from $1.15 billion in Q3 2024 [7] - The Engineering business unit's operating profit estimate is $91 million, down from $108 million a year ago, which may impact demand and pricing dynamics [7] Earnings Prediction Insights - Linde's Earnings ESP is -1.30%, indicating that the model does not predict an earnings beat for this quarter [10]
X @Bloomberg
Bloomberg· 2025-10-28 18:55
Colombia’s government plans to start purchasing gold directly from small-scale producers in a bid to curb illegal activity and formalize an unregulated mining boom fueled by surging prices https://t.co/LHoSduDqCE ...
Gold And GDX: Here's The Price Level Where I'd Buy Again
Seeking Alpha· 2025-10-28 16:26
Core Viewpoint - The article expresses a bullish outlook on the VanEck Gold Miners ETF (NYSEARCA: GDX), driven by concerns regarding the U.S. National debt and the potential for significant upside in the gold sector [1]. Group 1: Investment Strategy - The investment strategy focuses on strategic buying opportunities, particularly in dividend and value stocks, which has led to a near 5-star rating on Tipranks.com and a following of over 9,000 on Seeking Alpha [1]. Group 2: Analyst's Position - The analyst discloses that there are no current stock, option, or similar derivative positions in any of the companies mentioned, nor plans to initiate such positions within the next 72 hours [1].
VIDEO - CEO Clips Cabral Gold: Advancing a High-Grade District in Brazil Through Near-Term Production
Newsfile· 2025-10-28 16:00
Core Insights - Cabral Gold has secured funding and made a construction decision for its Cuiu Cuiu project in northern Brazil, focusing on a low-capex starter operation targeting near-surface gold-in-oxide material [2] - The project boasts a global resource of 1.2 million ounces and an impressive post-tax internal rate of return (IRR) of 78% at a gold price of $2500 [2] - The initiative is expected to generate early cash flow to support further exploration of the larger district, highlighting the potential of one of South America's most promising gold districts [2] Company Overview - Cabral Gold is listed on TSXV under the ticker CBR and on OTCQB as CBGZF [2] - The company is led by experienced leadership and is backed by notable drill intercepts, indicating strong potential for resource development [2] Industry Context - The Cuiu Cuiu project is positioned within a high-grade gold district in Brazil, which is gaining attention for its exploration and production potential [2]
Providence Gold Mines Inc. Acquires Additional Land Position at the La Dama de Oro Gold
Thenewswire· 2025-10-28 15:00
Core Insights - Providence Gold Mines Inc. has staked an additional 100 acres of BLM land adjacent to the La Dama de Oro Gold trend, enhancing potential exploration targets [1][3] Company Overview - The La Dama de Oro gold property is a historical high-grade gold producer with all necessary permits for water, road, environmental, plan of operations, and mill site, including bulk sampling [2] - The property has not undergone any drilling or modern scientific exploration, resulting in no identified NI 43-101 compliant resources [2] Geological Context - The La Dama de Oro Property is located in the Silver Mountain Mining District, characterized by complex geology including Mesozoic quartz monzonite and Jurassic Sidewinder Volcanics [4] - The mineralization is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system, primarily hosted by the La Dama de Oro Fault [4] - The largest known vein measures 4.5 feet at its widest point and is open for exploration over a strike length of more than 6,000 feet [4]
Newmont Stock To $100 Again?
Forbes· 2025-10-28 13:50
Core Insights - Newmont (NEM) stock is positioned as a strong candidate to benefit from current market trends due to its strong margins, low-debt capital structure, and positive momentum [2][3] Financial Performance - Newmont reported a revenue growth of 26.6% for the last twelve months (LTM) and an average growth of 23.9% over the past three years [7] - The company has an operating cash flow margin of approximately 32.6% and an average operating margin of 23.9% over the last three years, indicating long-term profitability [7] Market Position - Newmont is currently in the top 10 percentile of stocks based on a proprietary momentum measurement, reflecting strong market momentum [7] - Despite its positive momentum, NEM stock is trading 20% below its 52-week high, suggesting potential for further growth [7] Industry Context - Newmont is engaged in gold production and exploration, with additional interests in copper, silver, zinc, and lead, supported by substantial proven gold reserves and extensive land assets [3]
Globex Reports That Emperor to Resume Drilling at the Duquesne West Gold Property
Globenewswire· 2025-10-28 13:26
TORONTO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Emperor Metals Inc. (CSE: AUOZ) have announced the resumption of drilling on the Duquesne West Property in Duparquet Township, Quebec, which is under option from 50% Globex owned Du ...
Nucor's Q3 Earnings and Revenues Top Estimates on Higher Volumes
ZACKS· 2025-10-28 13:11
Core Insights - Nucor Corporation (NUE) reported earnings of $2.63 per share for Q3 2025, significantly up from $1.05 in the same quarter last year, surpassing the Zacks Consensus Estimate of $2.15 [1][7] - The company achieved net sales of $8,521 million, reflecting a year-over-year increase of approximately 14.5%, also exceeding the Zacks Consensus Estimate of $8,162.8 million [1][7] Operating Performance - Total sales tons to outside customers for steel mills in Q3 were 4,976,000 tons, an 8% increase year over year, although this figure fell short of the estimate of 5,095,000 tons [2] - Overall operating rates at Nucor's steel mills reached 85% in Q3 2025, unchanged sequentially but up from 75% in Q3 2024 [2] Segment Performance - The Steel Mills segment reported earnings of $793 million, a decline from the previous quarter due to lower shipment volumes and margin compression [3] - The Steel Products segment earned $319 million, lower sequentially due to increased costs and stable realized prices [3] - The Raw Materials segment generated $43 million, down from the prior quarter, impacted by lower pricing for direct reduced iron (DRI) and scrap processing operations [3] Financial Position - Cash and cash equivalents stood at $2,221 million at the end of the quarter, a decrease of approximately 47.9% year over year [4] - Long-term debt increased to $6,686 million, up 17.6% [4] - Nucor repurchased around 0.7 million shares of its common stock during the quarter [4][7] Future Outlook - The company expects Q4 2025 earnings to decline compared to Q3, with the Steel Mills segment anticipated to face reduced volumes and lower average selling prices [5] - The Steel Products segment is projected to experience lower earnings primarily due to decreased volumes, while the Raw Materials segment may be negatively affected by weaker realized pricing and planned maintenance outages at DRI facilities [5] Stock Performance - Nucor's shares have decreased by 2.1% over the past year, contrasting with an 8.6% rise in the industry [6]