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Why Barrick Mining Corporation Plunged Today
Yahoo Finance· 2026-01-30 19:13
Shares of miner Barrick Mining Corporation (NYSE: B), previously known as Barrick Gold, fell 9.8% on Friday as of 12:30 p.m. EDT. Barrick reports earnings next week, and there wasn't any company-specific news today. That means the stock's decline was likely due to the 9% drop in gold prices today as of that time. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Gold tends to be viewed ...
Abcourt Closes US$ 30M Senior Debt Financing and Offtake Agreement with Glencore
Globenewswire· 2026-01-30 18:14
ROUYN-NORANDA, Canada, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it has closed today (the “Closing Date”) its previously announced transaction with Glencore AG (“Glencore”) comprising a senior secured debenture in the principal amount of up to US$ 30 million (the “Debenture”) and various accompanying agreements, including an offtake agreement on all products from the Corporation’s Sleeping Giant mine (c ...
Why SSR Mining Stock Just Dropped
Yahoo Finance· 2026-01-30 17:14
Core Viewpoint - SSR Mining's stock experienced a significant drop of 9.5% after reaching a 15-year high of $28 per share, which may be linked to fluctuations in gold prices [1][2]. Group 1: Stock Performance - SSR Mining's stock price surged due to the rise in gold prices, which recently hit an all-time high of $5,615 before dropping to $5,033, a decrease of 6% from its peak [2][3]. - Despite the recent decline, SSR Mining's stock has more than tripled in price over the past year, currently trading at 26 times earnings [5]. Group 2: Analyst Insights - Analyst Levi Spry from UBS raised the price target for SSR Mining stock by over 11% to $38.50 per share, maintaining a buy rating [4]. - Analysts expect SSR Mining to more than double its earnings annually for the next five years, resulting in a PEG ratio of just 0.22, indicating potential for further growth [5]. Group 3: Valuation Metrics - The stock is valued at approximately 14 times trailing cash flow but only 5.6 times next year's forecast cash flow, suggesting it may still have room for appreciation [6].
Why Newmont Corporation Stock Just Dropped
Yahoo Finance· 2026-01-30 16:38
Group 1 - Newmont Corporation's stock experienced a significant drop of 7.2% after reaching an all-time high of over $134 per share [1][2] - The decline in Newmont's stock price is correlated with fluctuations in gold prices, which recently peaked at $5,615 before falling to $5,080, a decrease of 5.2% [2][3] - UBS raised its price target for Newmont stock by 28% to $160 per share while maintaining a buy rating, indicating confidence in the company's future performance [4] Group 2 - Despite a tripling in stock price over the past year, Newmont's stock is still considered undervalued with a price-to-earnings ratio of less than 20 and a projected earnings growth of 58% annually over the next five years [4][5] - The PEG ratio for Newmont stock stands at 0.34, suggesting it is a cheap investment opportunity [5] - Newmont was not included in the Motley Fool Stock Advisor's list of the 10 best stocks to buy, which may indicate alternative investment opportunities [6]
ARMN vs. AAUC: Which Gold Mining Stock is the Better Pick Now?
ZACKS· 2026-01-30 16:21
Core Viewpoint - Aris Mining Corporation (ARMN) and Allied Gold Corporation (AAUC) are emerging gold producers in the Zacks Mining - Gold industry, both expanding production through operating mines and development projects across the Americas and Africa [2][3]. Aris Mining (ARMN) - Aris Mining produced 69,852 ounces of gold in Q4 2025, totaling 256,503 ounces for the year, a 22% increase year over year, exceeding the guidance range of 230,000-275,000 ounces [4][11]. - The Segovia mine is the primary driver of production growth, with an expected output of 265,000-300,000 ounces in 2026, up from 227,762 ounces in 2025 [5]. - The acquisition of the remaining 49% stake in the Soto Norte project positions Aris Mining as the sole owner, reaffirming it as a top undeveloped gold asset in the Americas [6]. - The Marmato operation is also a long-term growth engine, with expected production of 35,000-50,000 ounces in 2026, up from 28,741 ounces in 2025 [7]. - Aris Mining has a strong cash balance of $390 million at the end of Q4 2025, supporting ongoing investment in expansion projects [8]. - However, ARMN faces rising cost pressures, with all-in-sustaining costs (AISC) increasing 6.6% year over year to approximately $1,641 per ounce [9][11]. Allied Gold (AAUC) - Allied Gold produced 262,077 ounces of gold in the first nine months of 2025, slightly above the previous year's output, and anticipates production exceeding 375,000 ounces for the full year [12]. - The company is enhancing performance through drilling high-grade zones and improving mine models, with new equipment introduced at Sadiola to increase fleet availability [13]. - The Kurmuk mine in Ethiopia is a significant development project, targeting an average production of about 290,000 ounces per year, with plans to grow total resources to 5 million ounces over five years [14]. - AAUC is experiencing cost inflation, with total cost of sales increasing 20.7% year over year to $2,087 per gold ounce sold [15]. - The company has recorded weaker cash flow generation due to high capital expenditures, impacting profitability as margins are constrained by rising costs [16]. Financial Performance and Valuation - The Zacks Consensus Estimate for ARMN's 2025 earnings per share (EPS) indicates a growth of 311.8%, with estimates trending 3.7% upward over the past 60 days [17]. - For AAUC, the 2025 EPS estimate implies a year-over-year growth of 928.6%, with estimates increasing by 17.1% over the same period [18]. - In the past six months, ARMN's shares surged 194.5%, while AAUC stock gained 148.3% [20]. - ARMN is trading at a forward price-to-earnings ratio of 6.17X, below its median of 6.91X, while AAUC's forward earnings multiple is at 5.46X, higher than its median of 4.71X [22]. Conclusion - Aris Mining is well-positioned for long-term growth with a strong pipeline of projects and a solid cash position, while Allied Gold faces near-term challenges due to elevated costs and weaker cash flow [24][26].
Nations Royalty Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$15 Million
TMX Newsfile· 2026-01-30 15:29
Core Viewpoint - Nations Royalty Corp. has successfully closed a private placement offering, raising gross proceeds of C$15,000,000 through the sale of 9,375,000 units at a price of C$1.60 per unit, including the full exercise of the over-allotment option [1] Group 1: Offering Details - The offering consisted of units, each comprising one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$2.25 until January 30, 2029 [1] - Red Cloud Securities Inc. and Canaccord Genuity Corp. acted as underwriters, receiving cash fees of C$873,600 and 546,000 non-transferable common share purchase warrants as compensation [2] Group 2: Regulatory Compliance - The units were issued to Canadian purchasers under the listed issuer financing exemption, making them immediately freely tradeable in accordance with Canadian securities legislation [3] - The closing of the offering is subject to final approval from the TSX Venture Exchange [4] Group 3: Company Vision and Mission - Nations Royalty aims to unite First Nations and Indigenous groups across Canada, inviting external investors to participate as shareholders, thereby combining royalties and income from resource projects [6] - The company focuses on economic reconciliation and capacity building for Indigenous Peoples in public companies and capital markets [6] Group 4: Properties and Benefits - Nations Royalty has established five annual benefit payment entitlements related to various properties in Canada, including the Brucejack gold mine and the KSM Copper-Gold-Silver-Molybdenum deposit [7]
Asante Gold Closes Previously Announced Non-Brokered Private Placement
Globenewswire· 2026-01-30 15:00
Not for distribution to United States news wire services or for dissemination in the United States VANCOUVER, British Columbia, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Asante Gold Corporation (TSX-V: ASE | GSE: ASG | OTCQX: ASGOF) ("Asante" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement of common shares of the Company ("Common Shares") pursuant to which the Company issued 8,625,000 Common Shares at a price of C$1.60 per Common Share for aggregat ...
A2 GOLD ANNOUNCES COMPLETION OF WARRANT EXERCISE INCENTIVE PROGRAM
Prnewswire· 2026-01-30 14:15
Core Viewpoint - A2Gold Corp. has successfully completed its warrant exercise incentive program, raising $5,800,480 through the exercise of 8,286,400 common share purchase warrants, which were originally issued in September 2025 at an exercise price of $0.70 per share [1][2]. Group 1: Incentive Program Details - The Incentive Program allowed each holder who exercised an Eligible Warrant to receive one third of an additional common share purchase warrant, termed as Incentive Warrants, which can be exercised at $1.00 per share for 12 months [2]. - A total of 2,762,137 Incentive Warrants were issued upon completion of the Incentive Program [2]. - The Incentive Warrants and the common shares issued upon their exercise are subject to a statutory hold period expiring on May 29, 2026 [3]. Group 2: Financial Utilization - Proceeds from the Incentive Program will be allocated for increased drilling at the Eastside project and for general corporate purposes [4]. Group 3: Insider Participation - Certain insiders of A2Gold exercised their Eligible Warrants, resulting in an aggregate of 11,217 Incentive Warrants being issued, which is classified as a related party transaction [5]. Group 4: Company Overview - A2Gold Corp. owns three gold projects in Nevada, with the Eastside Gold-Silver Project being the flagship, known for its large and expanding resource and favorable infrastructure [7].
GDXJ: Gold Miners Are Making Massive Profits, With Prospects Of Strong Returns In 2026
Seeking Alpha· 2026-01-30 13:45
Core Viewpoint - The article emphasizes the importance of unbiased analysis in finance and stock market forecasting, highlighting the need for both fundamental and technical approaches to identify investment strategies that can outperform the market. Group 1: Analyst's Approach - The analyst is focused on forecasting future market trends with a dual approach that includes both fundamental and technical analysis [1]. - The analysis aims to assist investors in selecting optimal investment strategies for both short- and long-term horizons [1]. Group 2: Analyst's Position - The analyst has no current stock, option, or derivative positions in any of the companies mentioned, nor plans to initiate any within the next 72 hours [2]. - The article reflects the analyst's personal opinions and is not influenced by compensation from any company mentioned [2].
Centerra Gold Reports Explosion at Langeloth; No Fatalities or Significant Environmental Releases
Globenewswire· 2026-01-30 12:45
Core Viewpoint - Centerra Gold Inc. has suspended operations at its Langeloth Metallurgical Facility due to an explosion caused by an uncontrolled chemical reaction, with no fatalities reported but several injuries [1] Group 1: Incident Details - The explosion occurred on January 29, 2026, at approximately 6:15 p.m. Eastern Time [1] - Two contractors were hospitalized with injuries, and two employees were taken to the hospital for precautionary reasons [1] - There is currently no indication of a significant environmental release, and relevant regulatory agencies have been notified [1] Group 2: Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide [2] - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye [2] - Centerra also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates a Molybdenum Business Unit in the United States and Canada [2]