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Gold Mining Stock Looks Ready for Next Breakout
Schaeffers Investment Research· 2025-12-05 17:20
Group 1 - Agnico Eagle Mines Ltd stock has broken above its November closing highs and a downtrend line after a period of pullback and consolidation following all-time highs [1] - The stock has reclaimed its +100% year-to-date and year-over-year levels, indicating a favorable time for potential upward movement [1] - A recommended February call has a leverage ratio of 6.46, which will double on a 16.04% rise in the underlying equity [1] Group 2 - Despite the stock being near its record peak, short interest has increased by 27.7% in the last two weeks [2] - There are calls stacked above at the 190- and 200-strikes, which could act as magnets for the stock price [2]
Canadian Gold Corp. Announces Shareholders Approve Arrangement with McEwen
Newsfile· 2025-12-05 17:01
Core Viewpoint - Canadian Gold Corp. has received overwhelming shareholder approval for its business combination with McEwen Inc., which is set to be completed through a statutory plan of arrangement under the Business Corporations Act of British Columbia [1][2]. Shareholder Approval - The Arrangement was approved by 99.998% of the votes cast by shareholders present in person or represented by proxy at the Meeting [2] - Additionally, 99.996% of disinterested shareholders voted in favor of the Arrangement, excluding 79,681,855 votes held by interested parties [2] - The total votes in favor represented approximately 64.79% of Canadian Gold's total issued and outstanding common shares [2] Arrangement Details - Under the terms of the arrangement agreement dated October 10, 2025, each holder of a common share of Canadian Gold will receive 0.0225 common shares of McEwen for each Canadian Gold Share held [3] - Canadian Gold has obtained conditional approval from the TSX Venture Exchange for the Arrangement, pending customary conditions [4] Timeline and Conditions - The final order from the British Columbia Supreme Court is anticipated around December 10, 2025, with the Arrangement expected to close on or about January 5, 2026, if all necessary approvals are obtained [5] - Completion of the Arrangement is subject to customary conditions, including court and stock exchange approvals [5] Company Background - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the Tartan Mine in Flin Flon, Manitoba, which has a 2017 indicated mineral resource estimate of 240,000 oz gold [6] - The company also holds a 100% interest in exploration properties in Ontario and Quebec, adjacent to major gold mines [6] - McEwen holds a 5.6% interest in Canadian Gold, with Robert McEwen holding a 32.5% interest [6]
X @Bloomberg
Bloomberg· 2025-12-05 16:08
Peru’s Congress approved a one-year extension for a controversial permit used by informal gold and copper miners to operate with looser requirements than the formal industry https://t.co/r0ZkjZgdZ6 ...
Climbing Higher: This Gold Stock Owned By Top Funds Eyes Entry Amid 73% Run
Investors· 2025-12-05 15:09
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Buy 5 Growth Stocks for December to Strengthen Your Portfolio
ZACKS· 2025-12-05 14:36
Market Overview - U.S. stock markets are experiencing a continued upward trend in 2025, supported by expectations of further Federal Reserve rate cuts, strong third-quarter earnings, and optimism surrounding artificial intelligence [1] Recommended Growth Stocks - Five growth stocks are recommended for portfolio strengthening in December: Micron Technology Inc. (MU), Comfort Systems USA Inc. (FIX), Kinross Gold Corp. (KGC), On Holding AG (ONON), and MongoDB Inc. (MDB). Each stock has a Zacks Rank 1 (Strong Buy) and a Growth Score of A [2] Micron Technology Inc. (MU) - Micron Technology is a leader in the AI infrastructure boom, driven by strong demand for high-bandwidth memory (HBM) solutions, with record sales in the data center market [6][10] - The growing adoption of AI servers is reshaping the DRAM market, increasing demand for high-capacity DIMMs and low-power server DRAM, which MU is well-positioned to capitalize on [7] - Micron's diversification strategy has created a more stable revenue base by shifting focus from consumer electronics to resilient sectors like automotive and enterprise IT [8] - Expected revenue and earnings growth rates for Micron are 62% and over 100%, respectively, for the current year ending August 2026 [10] Comfort Systems USA Inc. (FIX) - Comfort Systems USA operates in the commercial and industrial HVAC markets, with a focus on manufacturing plants, office buildings, and healthcare facilities [11] - The data center boom, driven by AI and cloud computing, is increasing demand for specialized HVAC solutions, presenting high-margin opportunities for FIX [12][13] - Expected revenue and earnings growth rates for Comfort Systems are 14.7% and 16.4%, respectively, for the next year [13] Kinross Gold Corp. (KGC) - Kinross Gold has a strong production profile and a promising pipeline of exploration projects, focusing on organic growth through its Tasiast mine [14] - The company expects higher output and cash flow from expansions at Tasiast, Manh Choh, and Great Bear, benefiting from rising gold prices [15][16] - Expected revenue and earnings growth rates for Kinross are 9.9% and 32.6%, respectively, for the next year [16] On Holding AG (ONON) - On Holding provides footwear and sports apparel products, with expected revenue and earnings growth rates of 21.1% and 79.3%, respectively, for the next year [17] MongoDB Inc. (MDB) - MongoDB has expanded its Atlas platform into analytics, focusing on developer-friendly interfaces and distributed architectures, targeting modern workloads [18] - The company has benefited from platform adoption across enterprises and startups, with a focus on larger enterprises supporting deal sizes and sales efficiency [19] - Expected revenue and earnings growth rates for MongoDB are 12.8% and 16.6%, respectively, for the next year ending January 2027 [21]
Exploits Completes Sale of Newfoundland Claims to New Found Gold
Newsfile· 2025-12-05 14:21
Core Viewpoint - Exploits Discovery Corp. has completed the sale of its mineral claims in Newfoundland to New Found Gold Corp., allowing the company to focus on its gold projects in Québec and Ontario, which host approximately 680,000 ounces of historical gold resources [1][2]. Transaction Details - The sale involved a 100% interest in substantially all mineral claims in central Newfoundland, with the transaction initially announced on September 8, 2025 [1]. - As part of the consideration, Exploits received 2,821,556 common shares of New Found Gold, valued at approximately $11.8 million based on a closing price of $4.18 per share on December 4, 2025 [6]. - Additionally, contingent consideration includes 725,543 shares of New Found Gold, potentially worth around $3.0 million, subject to a positive court determination regarding certain disputed mineral claims [3]. Strategic Focus - The company is now positioned as a gold growth entity, emphasizing its portfolio in Québec and Ontario, which includes four cornerstone projects: Fenton, Wilson, Benoist, and Hawkins [9][10]. - The historical gold resources in these projects are estimated at approximately 680,000 ounces, with significant potential for expansion and multiple drill-ready targets [9][10]. Financial Position - Following the transaction, Exploits has a treasury of approximately $13 million in cash and New Found Gold shares, enhancing its ability to advance its gold projects [7]. Royalty Agreement - Exploits has been granted a 1.0% net smelter returns royalty on certain mineral claims as part of the Royalty Agreement with New Found Gold [6][4].
New Found Gold Completes Queensway Gold Project Expansion; Grants Restricted Share Units
Newsfile· 2025-12-05 14:20
Core Viewpoint - New Found Gold Corp. has successfully completed the acquisition of a 100% interest in mineral claims in Newfoundland and Labrador, expanding its Queensway Gold Project by up to 31% to a total of 230,225 hectares [1][2]. Group 1: Acquisition Details - The acquisition includes mineral claims previously held by Exploits Discovery Corp., which adjoin New Found Gold's existing Queensway Gold Project [1]. - As part of the acquisition, New Found Gold issued 2,821,556 common shares to Exploits and granted a 1% net smelter returns royalty on certain mineral claims [2][3]. - The company will issue an additional 725,543 shares to Exploits following a positive final determination by the Supreme Court of Newfoundland and Labrador regarding disputed mineral claims [2]. Group 2: Project Expansion and Exploration Plans - The expansion consolidates a district-scale land package of over 110 kilometers along two major fault zones, the Appleton and the JBP [2]. - New Found Gold has outlined a significant initial mineral resource with robust preliminary economics at the AFZ Core and plans to commence exploration on the new landholdings [2][7]. - Recent drilling has yielded new discoveries, indicating the camp-scale potential at Queensway [2][7]. Group 3: Company Overview - New Found Gold is an emerging Canadian gold producer with a focus on advancing the Queensway project and bringing the Hammerdown Operation into steady-state gold production [6]. - The company has a new board of directors and management team, with a solid shareholder base including cornerstone investor Eric Sprott [8].
This Gold Leader Has Catapulted 100% Higher, Near A Buy Point
Investors· 2025-12-05 13:00
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Rights Offering Update
Globenewswire· 2025-12-05 13:00
Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSXV: AOT.H; OTCID: AOTVF) (“Ascot” or the “Company”) advises shareholders that further to its news release of November 7, 2025, that the rights offering to raise gross proceeds of up to C$14,871,517 (the “Rights Offering”) described therein is set to expire at 5:00 pm (Toronto time) on Friday December 12, 2025 and subscriptions and subsc ...
Resolution expands Horse Heaven gold discovery - ICYMI
Proactiveinvestors NA· 2025-12-05 07:31
Core Insights - Resolution Minerals Ltd has released promising assay results from its initial drilling program at the Horse Heaven project in Idaho, confirming extensive gold mineralization and planning for an expanded drilling campaign in 2026 [1][6] Drilling Results - The latest results are from six diamond drill holes totaling 1,600 meters at the Golden Gate target, which spans approximately 3 kilometers, with only 20% of its strike length tested [1][12] - Drilling has identified 600 meters of strike, 200 meters in width, and 300 meters in vertical extent, all mineralized, indicating an intrusive-related gold system [2][12] Project Comparison - The Golden Gate structure is geologically similar to the nearby Stibnite gold project, which is being developed by Perpetua Resources and is expected to become a major U.S. gold producer [2][3] Infrastructure and Location - The Horse Heaven project benefits from infrastructure upgrades related to the Stibnite project, including a new access road and power transmission line that cross its tenements [3][16] - Resolution Minerals has a 100% interest in the Horse Heaven project, which spans 15,000 acres and is strategically located next to the Stibnite project [8][9] Future Plans - The company has completed 10 core holes in 2025, with results from four holes pending, and plans to drill an additional 45 holes in 2026, with funding secured from recent capital raises [4][14] - The Antimony Ridge target, a past-producing mine, is also being advanced, with samples sent to a Canadian laboratory for military-grade antimony trisulfide production [4][15] Government Support and Strategic Position - Resolution is in discussions with the U.S. Department of Defense regarding potential funding to meet strategic stockpile targets, with reported antimony grades up to 50% [5][18] - The current market conditions for gold and antimony are favorable, positioning the company well for future developments [19]