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All You Need to Know About SSR Mining (SSRM) Rating Upgrade to Strong Buy
ZACKS· 2025-06-03 17:01
Core Viewpoint - SSR Mining (SSRM) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors often adjust their valuations based on earnings estimates, leading to significant stock price movements when they buy or sell large amounts of shares [3]. Company Performance Indicators - SSR Mining is projected to earn $1.09 per share for the fiscal year ending December 2025, reflecting a year-over-year increase of 289.3% [7]. - Over the past three months, the Zacks Consensus Estimate for SSR Mining has risen by 10.7%, indicating a positive trend in earnings estimates [7]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting SSR Mining's strong position in terms of earnings estimate revisions [8][9].
Endeavour Silver Continues to Confirm High-Grade Structures During its 2024/2025 Drill Program at Pitarrilla
GlobeNewswire News Room· 2025-06-03 10:50
Core Insights - Endeavour Silver Corp. reported positive drill results from its Pitarrilla project in Durango, Mexico, indicating high-grade silver, zinc, and lead mineralization, which enhances confidence in upgrading existing mineral resources [1][22]. Drill Results - Significant drill results from the Danna vein include a wide mineralized interval of 7.4 meters with grades of up to 1,127 grams per tonne (gpt) silver, 1.40% lead, and 4.36% zinc, translating to 1,319 gpt silver equivalent (AgEq) over 2.08 meters estimated true width (ETW) [7]. - Drill hole BPU-022 intersected 247 meters of apparent width with 254 gpt AgEq, with true width estimated at approximately 400 meters wide and up to 100 meters high in some areas [10][15]. - The Manto Pitarrilla structure showed high-grade intervals, including 2,680 gpt silver, 24.03% lead, and 18.90% zinc for 3,987 gpt AgEq over 0.60 meters in hole BPU-022 [4][15]. Geological Context - The Pitarrilla deposit consists of three mineralized domains and at least four identified sulphide mineralized veins, with structures extending from below marine sediments through Manto Pitarrilla into upper volcanics [5][6]. - The geological re-logging of historical drill core has improved understanding of the deposit's geology and mineralization controls, focusing on high-grade feeder structures believed to be the main conduits for mineralization [22][23]. Project Overview - The Pitarrilla project is a large undeveloped silver, lead, and zinc project located 160 kilometers north of Durango City, covering 4,752 hectares across five concessions, with significant infrastructure and key permits already in place for underground mining and development [24].
Endeavour Silver Continues to Confirm High-Grade Structures During its 2024/2025 Drill Program at Pitarrilla
Globenewswire· 2025-06-03 10:50
Core Viewpoint - Endeavour Silver Corp. reported positive drill results from its Pitarrilla project in Durango, Mexico, indicating high-grade silver, zinc, and lead mineralization, which enhances confidence in upgrading existing mineral resources [1][21][22]. Drill Results Summary - Significant drill results from the Pitarrilla project include: - Hole BPU-022: 129 gpt Ag, 0.84% Pb, and 2.55% Zn for 242 gpt AgEq over 247 m, with high-grade intervals of 716 gpt Ag, 4.19% Pb, and 6.61% Zn for 1,062 gpt AgEq over 1.00 m [4][14]. - Hole BPD-505: 1,127 gpt Ag, 1.40% Pb, and 4.36% Zn for 1,319 gpt AgEq over 2.08 m ETW, including 4,630 gpt Ag, 2.26% Pb, and 3.49% Zn for 4,814 gpt AgEq over 0.20 m ETW [7][12]. - Hole BPD-506: 893 gpt Ag, 2.06% Pb, and 2.56% Zn for 1,038 gpt AgEq over 3.97 m ETW, with a notable interval of 5,090 gpt Ag, 9.22% Pb, and 0.84% Zn for 5,363 gpt AgEq over 0.23 m ETW [7][12]. Geological Context - The Pitarrilla deposit features three mineralized domains and at least four identified sulphide mineralized veins (Casas Blancas, Victoria, Danna, and Palmito) [5][6]. - The mineralized structures extend from below marine sediments through Manto Pitarrilla into the upper volcanics, remaining open at depth [6][21]. Project Overview - The Pitarrilla project is a large undeveloped silver, lead, and zinc project located 160 kilometers north of Durango City, covering 4,752 hectares across five concessions [23]. - The project has significant infrastructure and key permits in place for underground mining and development, including water use and discharge, explosives use, and soil change [23]. Company Background - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [24].
Positive Updates on Select Development Assets Outside of Current 5-Year Outlook & Acquisition of Silver Stream on South Railroad Project
Globenewswire· 2025-06-02 20:30
Core Viewpoint - OR Royalties Inc. is expanding its asset portfolio with significant updates, including the acquisition of a 100% silver stream from Orla Mining's South Railroad project, which enhances its exposure to Tier-1 mining jurisdictions [2][3][4]. Asset Updates South Railroad Project - OR Royalties acquired a 100% silver stream from Orla Mining's South Railroad project, with first production expected as early as 2027 [3][4]. - The project is anticipated to have a pre-production construction timeline of approximately 12 months following final permits expected by mid-2026 [3]. Spring Valley Project - The U.S. Bureau of Land Management is set to release a Final Environmental Impact Statement for Solidus Resources' Spring Valley gold project by July 11, 2025, with construction expected to start in Q3 2025 [6]. - Solidus received a Letter of Interest from the Export-Import Bank of the United States for potential financing of up to $835 million for the Spring Valley Project [7]. - The Spring Valley Feasibility Study outlines a +10-year life-of-mine averaging over 300,000 ounces of gold per year, with 348,000 ounces expected in the first five years [8]. Cariboo Project - Osisko Development's Optimized Feasibility Study for the Cariboo gold project indicates a 10-year life-of-mine averaging approximately 190,000 ounces of gold per year, with first production possible in the second half of 2027 [10][12]. - OR Royalties holds a 5.0% net smelter return royalty on the Cariboo property [12]. Amulsar Project - OR Royalties sold its interest in the Amulsar mine to United Gold and entered into a new Stream Agreement for gold and silver production [13][14]. - The Amulsar mine is expected to produce approximately 168,000 ounces of gold and 140,000 ounces of silver annually over an initial 16-year mine life [15]. Upper Beaver Project - Agnico Eagle Mines provided an update on its Upper Beaver project, which has the potential to produce an average of approximately 210,000 ounces of gold and 3,600 tonnes of copper annually over a 13-year life-of-mine starting in 2031 [17]. - OR Royalties owns a 2.0% net smelter return royalty on the Upper Beaver project [20]. Ermitaño Project - First Majestic Silver Corp. announced significant mineralization discoveries at the Navidad vein system adjacent to its Ermitaño mine, with ongoing drilling planned for 2025 [21][22]. - OR Royalties holds a 2.0% net smelter return royalty on the Ermitaño project, which includes the Navidad property [25]. Wharekirauponga Project - OceanaGold lodged an application for fast-track approvals for the Waihi North Project, which includes the Wharekirauponga Underground mine, expected to be fully permitted by the end of 2025 [26][27]. - OR Royalties owns a 2.0% net smelter return royalty on the Waihi West and Wharekirauponga projects [27].
EMX Sells Generative Enterprise in Nordics for Cash and Future Royalty Interests
Newsfile· 2025-06-02 11:30
Core Viewpoint - EMX Royalty Corporation has announced the sale of its Nordic operational platform to First Nordic Metals Corporation, which is expected to streamline operations and reduce costs while maintaining royalty exposure in the region [1][2]. Strategic Rationale and Long-Term Benefits - The transaction aims to streamline EMX's global operations and reduce administrative costs while retaining upside royalty exposure from partner-funded exploration efforts [2]. - EMX has over 15 years of generative exploration experience in the Nordic countries and will retain a broad portfolio of royalties in the region [2]. - Future royalty interests will be granted to EMX on projects generated by FNM for five years, aligning with EMX's strategic objectives [2]. Commercial Terms - EMX will receive staged payments totaling 3.25 million SEK (approximately US$335,000) over two years, with payments made in equal parts of cash and shares of FNM [3]. - EMX will also receive a 1% net smelter return (NSR) royalty on any new projects generated in Sweden and Finland over the next five years [3]. Company Background - EMX is a precious and base metals royalty company, providing investors with discovery, development, and commodity price optionality while limiting exposure to operational risks [5]. - First Nordic Metals Corp. is a Canadian-based gold exploration company with assets in Sweden and Finland, including the Barsele gold project and the Oijärvi greenstone belt [6].
Sandstorm Gold Royalties Announces Voting Results from 2025 Annual Shareholder Meeting
Prnewswire· 2025-05-30 20:20
Core Points - Sandstorm Gold Ltd. held its Annual General and Special Meeting of Shareholders on May 30, 2025, with 70% of issued common shares represented [1] - Shareholders voted in favor of all resolutions, including the re-election of all director nominees [1] Election of Directors - Nolan Watson received 174,714,604 votes (99.26% for) and 1,297,328 votes withheld (0.74% withheld) [2] - David Awram received 173,247,072 votes (98.43% for) and 2,764,861 votes withheld (1.57% withheld) [2] - David E. De Witt received 168,801,580 votes (95.90% for) and 7,210,352 votes withheld (4.10% withheld) [2] - Andrew T. Swarthout received 168,949,013 votes (95.99% for) and 7,062,919 votes withheld (4.01% withheld) [2] - John P.A. Budreski received 154,624,590 votes (87.85% for) and 21,387,342 votes withheld (12.15% withheld) [2] - Mary L. Little received 139,978,560 votes (79.53% for) and 36,033,373 votes withheld (20.47% withheld) [2] - Vera Kobalia received 172,613,405 votes (98.07% for) and 3,398,528 votes withheld (1.93% withheld) [2] - Elif Levesque received 145,709,384 votes (82.78% for) and 30,302,549 votes withheld (17.22% withheld) [2] Company Overview - Sandstorm Gold is a precious metals-focused royalty company that provides upfront financing to mining companies and receives a percentage of production from mines for their lifespan [4] - The company holds a portfolio of approximately 230 royalties, with 40 of the underlying mines currently producing [4] - Sandstorm aims to grow and diversify its low-cost production profile through the acquisition of additional gold royalties [4]
Pinnacle Silver and Gold Corp. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025
Newsfile· 2025-05-29 21:00
Pinnacle Silver and Gold Corp. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025May 29, 2025 5:00 PM EDT | Source: VID MediaVancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Pinnacle Silver and Gold Corp. (TSXV: PINN) (OTC: NRGOF), an Americas-focused silver-gold exploration and development company, is pleased to announce that it will be participating in THE Mining Investment Event, Canada’s Only Tier 1 Global Mining Investment Conference©, taking ...
Adriatic Metals is hitting its milestones as Vares continues to advance
Proactiveinvestors NA· 2025-05-21 15:41
Group 1 - Adriatic Metals PLC is in discussions with Dundee Precious Metals Inc regarding a potential full takeover [1] - Adriatic has provided Dundee with access to certain confidential documents to facilitate due diligence [2] - The company has advised shareholders that there is no certainty of a formal bid or its terms, urging them to take no action [3] Group 2 - Dundee has a deadline until 5pm London time on June 17 to either make a formal bid or withdraw from discussions [3] - The 28-day period for Dundee to act is known as a "put up or shut up" period, which can only be extended with mutual consent [3]
Fortuna publishes its 2024 Sustainability Report
GlobeNewswire News Room· 2025-05-21 09:00
VANCOUVER, British Columbia, May 21, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce the publication of its seventh annual Sustainability Report, highlighting key developments in 2024 related to governance, corporate strategy, risk management, and performance. The report also outlines Fortuna’s commitments and progress on the environmental, social, and governance (ESG) factors most material to our business and stakeholders. Jorge A. Ganoza, President, and CEO, sta ...
Sandstorm Gold Royalties Reports Favourable Voting Recommendations from ISS and Glass Lewis Regarding 2025 Shareholder Meeting
Prnewswire· 2025-05-16 12:20
VANCOUVER, BC, May 16, 2025 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) today announced that, further to the Company's press release dated May 12, 2025, Institutional Shareholder Services Inc. ("ISS") has updated its voting recommendations regarding proposals relating to amendments to the Company's share-based compensation program to be voted on at the Company's upcoming Annual General and Special Meeting of Shareholders scheduled for ...