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Endeavour Announces Total Voting Rights
Globenewswire· 2025-12-03 10:19
Core Viewpoint - Endeavour Mining Plc has announced its total voting rights as of November 30, 2025, which stands at 241,331,005 ordinary shares, reflecting the company's transparency in compliance with UK regulations [2][3][4]. Company Information - Endeavour Mining is recognized as one of the world's senior gold producers and the largest in West Africa, with operational assets in Senegal, Côte d'Ivoire, and Burkina Faso [5][6]. - The company is a member of the World Gold Council and is committed to responsible mining practices, aiming to deliver sustainable value to its employees, stakeholders, and local communities [6]. Financial Disclosure - As of the close of business on November 30, 2025, the issued ordinary share capital of Endeavour Mining was 241,331,005 ordinary shares, with no shares held in treasury pending cancellation [3]. - The total number of voting rights can be utilized by shareholders to determine their notification requirements regarding interests in the company under FCA regulations [4].
Endeavour Announces Total Voting Rights
Globenewswire· 2025-12-03 10:19
Core Points - Endeavour Mining Plc has announced its total voting rights as of November 30, 2025, which stands at 241,331,005 ordinary shares [3][4] - The issued ordinary share capital of the company is comprised of shares valued at US$0.01 each, with no shares held in treasury [3] - This total number of voting rights is essential for shareholders to determine their notification requirements under the FCA's Disclosure Guidance and Transparency Rules [4] Company Overview - Endeavour Mining is recognized as one of the world's senior gold producers and the largest in West Africa, with operational assets in Senegal, Côte d'Ivoire, and Burkina Faso [5][6] - The company is a member of the World Gold Council and is committed to responsible mining practices and sustainable value creation for its stakeholders [6] - Endeavour Mining is listed on both the London Stock Exchange and the Toronto Stock Exchange under the symbol EDV [6]
ASX remains positive, continues to see gains for the second consecutive day: Boss Energy emerges as top performer, Megaport Limited drops; check top gainers and losers
The Economic Times· 2025-12-03 07:27
Market Performance - The Australian Stock Market showed a positive trend on December 3, 2025, closing with a gain of 15.50 points or 0.18% to 8,595.20 [6] - The S&P/ASX 200 index gained 5.34% year-to-date, despite being virtually unchanged over the last five days [6] - On December 2, 2025, the S&P/ASX 200 closed with a gain of 14.50 points or 0.17% to 8,579.70, following a decline of 48.90 points or 0.57% on December 1, 2025 [6] Major Indices Performance - As of December 3, 2025, major ASX indices recorded modest gains: - S&P/ASX 20 rose 0.3% from 4668.10 to 4684.10 - S&P/ASX 50 increased 0.3% from 8183.40 to 8204.60 - S&P/ASX 100 saw a 0.2% rise from 7129.60 to 7143.20 - S&P/ASX 300 also rose 0.2% from 8538.30 to 8554.50 [2][6] Top Gainers in S&P/ASX 200 - The top five gainers in the S&P/ASX 200 included: - Boss Energy Ltd (BOE) closed at 1.690, up 0.110 (6.962%) - Bellevue Gold Limited (BGL) closed at 1.425, gaining 0.085 (6.343%) - Paladin Energy Ltd (PDN) finished at 8.480, increasing by 0.420 (5.210%) - Deep Yellow Limited (DYL) ended at 1.680, up 0.075 (4.672%) - Wisetech Global Limited (WTC) rose to 72.580, increasing by 3.130 (4.506%) [4][6] Top Decliners in S&P/ASX 200 - The top five decliners in the S&P/ASX 200 included: - Megaport Limited (MP1) closed at 12.980, down 0.870 (-6.282%) - Block, Inc. (XYZ) at 92.700, with a drop of 5.870 (-5.956%) - HMC Capital Limited (HMC) ended at 3.400, declining by 0.200 (-5.556%) - West African Resources Limited (WAF) closed at 2.820, down 0.150 (-5.051%) - Light & Wonder Inc. (LNW) finished at 147.260, decreasing by 6.010 (-3.922%) [5][6]
Perseus Mining Makes $1.3 Billion Offer to Buy Predictive Discovery
WSJ· 2025-12-03 00:16
Core Viewpoint - Gold producer Perseus Mining has made a binding offer to acquire Predictive Discovery, valuing the explorer at approximately $1.3 billion [1] Company Summary - Perseus Mining is actively pursuing growth through acquisitions, as evidenced by its offer for Predictive Discovery [1] - The acquisition reflects Perseus Mining's strategy to enhance its portfolio and expand its operational capabilities in the gold sector [1] Industry Summary - The gold mining industry is witnessing consolidation, with major players like Perseus Mining seeking to acquire promising exploration companies to bolster their market position [1] - The valuation of $1.3 billion for Predictive Discovery indicates a competitive landscape in the gold exploration sector, highlighting investor interest and potential growth opportunities [1]
X @Bloomberg
Bloomberg· 2025-12-02 23:30
Australia-listed gold producer Perseus has offered to buy BlackRock-backed junior Predictive Discovery in an offer implying a fully diluted valuation of $1.4 billion https://t.co/jAibqVhjlH ...
Perseus Mining Delivers Superior Proposal for Predictive Discovery
Globenewswire· 2025-12-02 23:02
PERSEUS DELIVERS SUPERIOR PROPOSAL TO ACQUIRE PREDICTIVE DISCOVERY PERTH, Western Australia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Perseus Mining Limited (ASX/TSX: PRU) (Perseus or the Company) is pleased to announce that it has delivered a definitive binding offer (Perseus Binding Offer) to acquire all of the issued shares in Predictive Discovery Limited (ASX: PDI) (Predictive) that it does not already own (Predictive Shares) via an Australian scheme of arrangement (Proposed Transaction or Scheme). Perseus cur ...
Bullion Gold Presents the Historical Overview of Its Terragold Gold Project
Newsfile· 2025-12-02 21:49
Core Viewpoint - Bullion Gold Resources Corp. is preparing to file an ATI permit application for a stripping and drilling program on its Terragold project, aiming to validate historical data and enhance exploration efforts in the Abitibi region [1][2]. Project Overview - The Terragold project encompasses 36 mineral claims over approximately 2,060 hectares, located about 12 km south-southeast of Senneterre, Quebec, and is accessible year-round [6]. - Historical work on the project dates back to the 1960s, with significant drilling and surface sampling conducted by previous operators, indicating a substantial gold presence [7][8]. Exploration Strategy - Initial fieldwork will focus on verifying historical data in the main zone, where previous drilling identified promising gold-bearing structures [2]. - The company plans to compile historical work, perform 3D modeling, and conduct geophysical surveys to enhance understanding of the geological framework [3]. - Upcoming activities include cleaning old trenches, mechanical stripping, and systematic channel sampling, followed by a drilling campaign to validate historical results [4]. Economic Context - With gold prices around US$4,000 per ounce, the economic viability of low-grade deposits has improved significantly, making the Terragold project more attractive for potential open-pit operations [5][15]. - Historical drilling has outlined a low-grade gold corridor over more than 1.2 km, with several significant intersections reported, although modern technologies have not been systematically applied to follow up on these results [8][9]. Historical Data Insights - Historical drilling results indicate significant grade variability, likely due to the nugget effect, which has led to fluctuations in assay results [16]. - Previous drilling by various companies has confirmed the continuity of mineralized zones, with notable gold grades reported, although some areas remain under-tested [11][12][13]. Analytical Methods - The company will adopt modern analytical methods tailored for free-gold systems to reduce variability and provide a clearer picture of the project's economic potential [18][20].
Surge Announces Entering into Joint Venture with Evolution Mining Limited
Newsfile· 2025-12-02 18:22
Core Viewpoint - Surge Battery Metals Inc. has established a joint venture with Evolution Mining Limited to advance the Nevada North Lithium Project, marking a significant step in lithium asset development in the U.S. [10] Group 1: Joint Venture Agreement - Surge Battery Metals USA Inc. and Evolution Mining Limited have entered into a joint venture agreement to develop the Nevada North Lithium Project [1] - The joint venture will be implemented through Nevada North Lithium, LLC, focusing on completing a Preliminary Feasibility Study (PFS) [2] Group 2: Contributions and Ownership - Surge US has contributed all its mining claims and mineral rights for the NNLP, while Evolution has contributed its 75% mineral interest in an 880-acre private land portion and additional mineral rights in over 21,000 acres [3] - Surge US will initially hold a 77% ownership interest in the joint venture, with Evolution holding 23% [5] - Evolution is obligated to fund up to CAD$10,000,000 for the PFS, with an initial CAD$3,000,000 expected by December 5, 2025 [5] Group 3: Governance and Management - The joint venture will be governed by an Operating Committee, consisting of five appointees, with Surge US appointing three and Evolution appointing two [6] - Surge US will act as the general manager of the NNLP as long as it holds more than a 50% ownership interest [7] Group 4: Strategic Importance - The partnership aims to accelerate the development of one of the most promising lithium assets in the U.S., addressing the growing demand for critical battery metals [10] - Surge Battery Metals is positioned as a key player in securing domestic lithium supply through its engagement in the Nevada North Lithium Project [15]
GM and 4 Stocks With Relative Price Strength to Buy Now
ZACKS· 2025-12-02 18:10
Core Insights - U.S. stocks are demonstrating strong performance, with major indexes rising and investor sentiment improving due to solid economic data and expectations for further monetary easing [1][2] - The market is entering a historically strong period, supported by positive earnings reports and improving growth forecasts, making it favorable for risk assets [2] - Investors are encouraged to focus on stocks with relative price strength, which indicates potential for significant returns [3][5] Company Highlights - **Agnico Eagle Mines Limited (AEM)**: A gold producer with a market cap of $87.5 billion, AEM has seen its earnings estimates rise by 8.8% over the past 60 days and its shares have doubled in a year [12][13] - **General Motors Company (GM)**: Holding a 16.5% share of the U.S. auto market, GM has a market cap of nearly $70 billion, with earnings estimates increasing by 9.9% over the last 60 days and shares gaining 36% in a year [13][14] - **Great Lakes Dredge & Dock (GLDD)**: As the top dredging contractor in the U.S., GLDD has a market cap of $868.4 million and is projected to have 31% earnings growth for 2025, with a 7.8% increase in earnings estimates over the past 60 days [15][16] - **BrightSpring Health Services (BTSG)**: This company focuses on home and community-based care, with a projected EPS growth rate of 53.3% over three to five years. Its earnings estimates have increased from $0.90 to $1.12, and shares have risen by 89.1% in a year [17][18] - **Everus Construction Group (ECG)**: With a market cap of $4.7 billion, ECG has seen a 23% increase in earnings estimates over the past 60 days and shares have increased by 38.7% in a year [19][20] Investment Strategy - A relative price strength strategy is recommended, focusing on stocks that outperform their sectors and have solid fundamentals, as these are more likely to yield considerable returns [5][6][7] - Stocks that have shown better performance than the S&P 500 over the last 1 to 3 months and have positive earnings revisions are considered optimal for investment [7][8] - Screening parameters include positive relative price changes over various time frames and upward revisions in earnings estimates for the current quarter [9][10]
Barrick Considers IPO of Subsidiary, Receives Board Authorization
ZACKS· 2025-12-02 16:51
Core Insights - Barrick Mining Corporation has authorized the exploration of an initial public offering (IPO) for its subsidiary, NewCo, which will hold its North American gold assets, aiming to unlock asset value through a focused publicly traded equity [1][8] - NewCo is expected to be listed through an IPO of a small minority interest, while Barrick will maintain a significant controlling majority interest, supported by its joint ventures in Nevada Gold Mines and Pueblo Viejo, along with the fully-owned Fourmile gold discovery [2][8] - The company’s operations in Nevada and the Dominican Republic are positioned in top gold mining jurisdictions, with the Fourmile project recognized as one of the most significant gold discoveries of the century [3] Timeline and Future Plans - The IPO initiative may be explored until early 2026, with updates to be provided during the release of the company’s full-year 2025 results in February 2026; the exact details and timing are subject to various approvals [4] - The company is focused on enhancing performance and shareholder value, with the IPO potentially providing new and existing shareholders with more options in a pure gold company with growth potential [4] Performance Metrics - Barrick's shares have increased by 145.4% over the past year, outperforming the industry growth of 119.7% [5]