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Is Newmont Stock Still a Buy After a 26% Rally in 3 Months? (Revised)
ZACKS· 2026-01-15 08:51
Core Viewpoint - Newmont Corporation's shares have increased by 26.2% over the past three months, driven by record-high gold prices and strong earnings performance [1][7]. Group 1: Stock Performance - NEM stock has outperformed the Zacks Mining – Gold industry's 17.5% rise and the S&P 500's increase of 6% [2]. - Among gold mining peers, Barrick Mining Corporation, Agnico Eagle Mines Limited, and Kinross Gold Corporation have gained 46.7%, 12.9%, and 29.1%, respectively, over the same period [2]. Group 2: Technical Indicators - NEM has been trading above its 200-day simple moving average (SMA) since April 9, 2025, indicating a long-term uptrend [5]. - The 50-day SMA is higher than the 200-day SMA, following a golden crossover on April 16, 2025, suggesting a bullish trend [5]. Group 3: Growth Projects and Divestitures - Newmont is investing in growth projects, including the Ahafo North expansion in Ghana and the Cadia Panel Caves and Tanami Expansion 2 in Australia, aimed at expanding production capacity [10]. - Ahafo North is expected to produce between 275,000 and 325,000 ounces of gold annually over an estimated mine life of 13 years, with production ramping up to full capacity in 2026 [11]. - The company completed its non-core divestiture program in April 2025, generating around $470 million from the sale of non-core assets [12]. - Newmont anticipates generating $3 billion in after-tax cash proceeds from its 2025 divestiture program to support its capital allocation strategy [13]. Group 4: Financial Health - Newmont has a strong liquidity position of $9.6 billion, including cash and cash equivalents of around $5.6 billion [14]. - Free cash flow more than doubled year over year to a record $1.6 billion, with net cash from operating activities increasing by 40% to $2.3 billion [14]. - The company has distributed over $5.7 billion to shareholders through dividends and share repurchases over the past two years [15]. Group 5: Gold Price Dynamics - Gold prices surged about 65% last year, currently trading above $4,600 per ounce, supported by central bank buying and expectations of rate cuts [18][19]. - Increased geopolitical tensions and macroeconomic uncertainty are expected to sustain favorable conditions for gold prices [19]. Group 6: Production Outlook - Newmont reported a 15% year-over-year and 4% sequential decline in gold production for Q3 2025, reaching 1.42 million ounces [21]. - The company expects fourth-quarter production of 1.415 million ounces, indicating a roughly 25% year-over-year decline [22]. Group 7: Earnings Estimates - Newmont's earnings estimates for 2025 have been revised higher, with the Zacks Consensus Estimate currently pegged at $6.32, suggesting year-over-year growth of 81.6% [23]. Group 8: Valuation - Newmont is currently trading at a forward price/earnings of 15.42X, a premium to the industry's average of 14.66X [25]. Group 9: Investment Recommendation - Newmont presents an attractive investment case backed by a robust portfolio of growth projects and solid financial health, despite challenges from lower production [26].
Trident Resources Commences 10,000 Metre Winter Drilling Program at the Contact Lake Gold Project in the La Ronge Gold Belt of Saskatchewan
Globenewswire· 2026-01-15 08:30
Core Viewpoint - Trident Resources Corp. has initiated a 10,000-metre winter diamond drilling program at the Contact Lake Gold Project, aiming to confirm historical gold mineralization, expand known zones, and explore new targets based on updated geological interpretations [1][3]. Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange, focusing on the acquisition, exploration, and development of advanced-stage gold and copper projects in Saskatchewan, Canada [10]. Drill Program Details - The 2026 winter drill program follows a successful 2025 drill program that intersected high-grade gold and broad zones of alteration and mineralization [3]. - The current drill program will consist of approximately 10,000 metres across up to 40 drill holes targeting high-priority zones identified through structural mapping, geophysical surveys, and historical data reviews [7]. - Drilling will occur on both land and ice-based locations at the Contact Lake target area, as well as at the adjacent Preview SW deposit [7]. Financial Position - The winter drill program is fully funded, with the company holding over $12 million in cash and marketable securities, ensuring a strong financial position to execute its exploration plans [5]. Historical Context - The Contact Lake site had not been explored for nearly 30 years prior to the 2025 drill program, indicating significant potential for new discoveries in the region [3].
Trident Resources Commences 10,000 Metre Winter Drilling Program at the Contact Lake Gold Project in the La Ronge Gold Belt of Saskatchewan
Globenewswire· 2026-01-15 08:30
Core Viewpoint - Trident Resources Corp. has initiated a 10,000-metre winter diamond drilling program at the Contact Lake Gold Project to confirm historical gold mineralization, expand known zones, and explore new targets based on updated geological interpretations [1][3]. Group 1: Drill Program Details - The 2026 winter drill program follows a successful 2025 drill program that intersected high-grade gold and broad zones of alteration [3]. - The drill program will consist of approximately 10,000 metres across up to 40 drill holes targeting high-priority zones identified through structural mapping and geophysical surveys [8]. - Drilling will occur on both land and ice-based locations at the Contact Lake target area, as well as at the adjacent Preview SW deposit [8]. Group 2: Financial Position - The winter drill program is fully funded, with the company holding over $12 million in cash and marketable securities, ensuring a strong financial position for executing exploration plans [5]. Group 3: Historical Context and Potential - The Contact Lake site had not been explored for nearly 30 years prior to the 2025 drill program, indicating significant untapped potential [3]. - The CEO of Trident Resources expressed confidence that the Contact Lake project could become one of the more significant new gold projects in the La Ronge Gold Belt [5].
Reports Q4-2025 Production, Record Annual Production, Production Guidance Achieved & Operational Highlights
Globenewswire· 2026-01-15 06:30
Core Viewpoint - Serabi Gold plc reported a record annual gold production of 44,169 ounces for FY2025, achieving an 18% increase compared to FY2024, driven by the ramp-up of the Coringa Mine and successful operational strategies [3][4][7]. Production Highlights - The company achieved quarterly gold production of 11,534 ounces in Q4-2025, marking a 15% increase from Q4-2024 [7]. - Total mined ore for Q4-2025 was 55,899 tonnes at an average grade of 6.65 g/t Au, compared to 51,625 tonnes at 7.24 g/t Au in Q3-2025 [9]. - The Palito Complex processed 55,607 tonnes at 6.63 g/t Au in Q4-2025, reflecting operational efficiency [9][10]. Financial Performance - Cash balance at the end of December 2025 was $49.2 million, up from $22.2 million at the end of December 2024, with a net cash balance of $42.1 million after liabilities [12]. - The company anticipates further growth in cash balance and production in 2026, with guidance set at 53,000 to 57,000 ounces of gold [8][13]. Exploration and Growth Strategy - An aggressive 30,000 metre brownfield exploration programme was completed, with encouraging drilling results leading to the discovery of new zones [6]. - The company aims to increase its mineral resource inventory to between 1.5 million ounces and 2.0 million ounces of gold as part of its Phase II growth strategy [6]. Operational Developments - The Coringa Mine's ramp-up continues, with successful mechanized mining operations contributing to production growth [4][5]. - The ore sorter technology has been pivotal in processing low-grade ore, enhancing overall production efficiency [5].
Reports Q4-2025 Production, Record Annual Production, Production Guidance Achieved & Operational Highlights
Globenewswire· 2026-01-15 06:30
Core Viewpoint - Serabi Gold plc reported a record annual gold production of 44,169 ounces for FY2025, achieving an 18% increase compared to FY2024, driven by the ramp-up of the Coringa Mine and successful operational strategies [3][4][7]. Production Highlights - The company achieved quarterly gold production of 11,534 ounces in Q4-2025, marking a 15% increase from Q4-2024 [7]. - Total mined ore for Q4-2025 was 55,899 tonnes at an average grade of 6.65 g/t Au, compared to 51,625 tonnes at 7.24 g/t Au in Q3-2025 [10][11]. - The Palito Complex processed 55,607 tonnes at 6.63 g/t Au in Q4-2025, reflecting operational efficiency [10]. Financial Performance - Cash balance at the end of December 2025 was $49.2 million, up from $22.2 million at the end of December 2024, with a net cash balance of $42.1 million after liabilities [15]. - The company anticipates further growth in cash balance and production in 2026, with guidance set at 53,000 to 57,000 ounces of gold [9][16]. Exploration and Growth Strategy - An aggressive 30,000 metre brownfield exploration programme was completed, with encouraging drilling results leading to the discovery of new zones [6]. - The company aims to increase its mineral resource inventory to between 1.5 million ounces and 2.0 million ounces of gold as part of its Phase II growth strategy [6]. Operational Developments - The Coringa Mine's ramp-up continues, with successful mechanized mining operations contributing to production growth [4][5]. - The ore sorter technology has been pivotal in processing low-grade ore, enhancing overall production efficiency [5].
Fortitude Gold Stock Percolates As Two New Mines Begin Production (OTCMKTS:FTCO)
Seeking Alpha· 2026-01-15 04:30
Fortitude gold ( FTCO ) exhibits promising turnaround potential after enjoying a strong run at the Isabella Pearl mine only to be stalled by permit delays that curtailed significant production last year. Investors should focus on the significant potential margins on goldI developed my acumen as a keen stock researcher, analyst and investor for 27 years, after having read the fabulous books written by Peter Lynch and Warren Buffett. I favor small-cap stocks since these are more likely to become doubles and t ...
Fortitude Gold Flashing Turnaround Signals
Seeking Alpha· 2026-01-15 04:30
Group 1 - Fortitude Gold (FTCO) shows potential for a turnaround after experiencing strong performance at the Isabella Pearl mine, which was hindered by permit delays that limited production last year [1] - The company has significant potential margins on gold, making it an attractive investment opportunity [1] - The focus on small-cap stocks is emphasized, as they are more likely to yield substantial returns, particularly those backed by hard assets like gold [1] Group 2 - The Federal Reserve's inflationary policies are seen as devaluing the fiat dollar, positioning gold as a stable asset that retains value [1] - Companies with strong balance sheets and minimal long-term debt are better positioned to weather economic downturns, presenting opportunities for investors in undervalued stocks [1] - The article suggests that investing in micro-cap stocks, which are often overlooked by Wall Street, can lead to lucrative gains if done with patience [1]
A股午评:沪指跌0.6%险守4100点,超3600股下跌!AI应用板块大幅回调
Ge Long Hui· 2026-01-15 03:35
A股三大指数集体下跌,沪指跌0.6%报4101.52点,深证成指跌0.44%,创业板指跌1.02%,北证50跌 2.31%。全市场成交额18952亿元,较上日成交额缩量3506亿元,超3600股下跌。盘面上,黄金、锂矿 及其他有色金属板块逆势大涨,酒店及旅游股普涨;AI应用、军工电子、商业航天、医疗服务板块集 体回调。 ...
Valkea Raises C$2.5M in Private Placement Financing
TMX Newsfile· 2026-01-15 00:35
Core Viewpoint - Valkea Resources Corp. has successfully closed a non-brokered private placement financing, raising gross proceeds of C$2.5 million, which will support its exploration efforts in Central Lapland, Finland [1][3]. Financing Details - The financing involved the issuance of 10,000,000 units at a price of C$0.25 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of C$0.35 for a period of 36 months following the closing date [2]. - The company paid finders fees of C$49,500 and issued 198,000 finders warrants, which also have an exercise price of C$0.35 [3]. Use of Proceeds - Proceeds from the financing will be allocated to the exploration of the flagship Paana project and for working capital purposes [6]. Insider Participation - Directors and officers of the company subscribed for a total of 220,500 units, contributing gross proceeds of C$55,000, which is classified as a related-party transaction [5]. Company Overview - Valkea Resources is focused on gold exploration in Finland's Central Lapland Greenstone Belt, with a commitment to advancing significant gold deposits [9].
Belo Sun Receives Ruling From Federal Court of Altamira, Para
Globenewswire· 2026-01-14 23:00
TORONTO, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Belo Sun Mining Corp. (“Belo Sun” or the “Company”) (TSX: BSX; OTCQB:BSXGF) announces that the Federal Court of Altamira, Pará, Brazil, denied the Company’s request for recognition of provisional compliance with a prior judgment of the Federal Court of Appeals. That appellate judgment conditioned the effectiveness of the Construction License (Licença de Instalação – LI) for the Volta Grande Gold Project on (i) completion of the Indigenous Component Study based on p ...