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South Star Announces Q3 2025 Financial and Operating Results
Globenewswire· 2025-11-27 23:21
Core Viewpoint - South Star Battery Metals Corp. has made significant progress in addressing operational issues at its Santa Cruz Graphite Mine, with a successful funding round of US$4.8 million to support plant upgrades and plans to restart production in 2026, indicating a new phase of growth for the company [1][9]. Corporate Highlights During the Quarter - The company appointed Tiago Cunha as Interim CEO, Darren Prins as CFO, and Rogerio Barcellos as General Manager [9]. - A successful private placement raised US$4.8 million, providing sufficient cash to sustain operations through 2026 [9]. - A non-binding term sheet for a US$4 million loan facility with Sprott Streaming was announced, aimed at supporting the strategic plan for the Santa Cruz Graphite Mine [9]. Operations Update - Two critical pieces of equipment for the plant restart have been purchased, with improved delivery timelines; the scrubber's lead time was reduced from 180 days to 90 days at no additional cost [3]. - The company completed additional initiatives under the restructuring plan at no cost, showcasing a cultural transformation and improved productivity [3]. - Installation and commissioning of new equipment are expected to be completed in 2026, allowing for stable production and an anticipated annual output of 5,000 tonnes by mid-2026, with plans to expand capacity to 10,000 tonnes by year-end 2026 [6]. Financial Performance - For the three months ended September 30, 2025, the company reported a loss of $823,278, an improvement from a loss of $1,289,812 in the same period of 2024 [8]. - Loss per share decreased from $0.03 in 2024 to $0.02 in 2025 for the three-month period [8]. - Cash and cash equivalents (excluding the recent raise) stood at $16,010, while total assets increased to $21,128,878 from $20,205,794 in December 2024 [10]. Cost Structure Review - A comprehensive review of the cost structure led to significant savings through contract renegotiations and process optimization, with expected reductions of approximately 60-65% compared to historical costs [4].
Rio2 Announces Participation in Royal Road's Private Placement
Globenewswire· 2025-11-27 23:00
Core Viewpoint - Rio2 Limited has participated in a private placement of Royal Road Minerals Limited, acquiring 4,166,667 shares at $0.18 per share, totaling $750,000, which increases its ownership stake in Royal Road to approximately 15% [1][3]. Group 1: Investment Details - The private placement closed on November 27, 2025, with Rio2 purchasing shares to maintain its pro rata ownership in Royal Road [1][2]. - Following the placement, Rio2's total beneficial ownership in Royal Road is now 44,021,667 shares, representing about 15% of the issued shares on a non-diluted basis [3]. - Prior to this transaction, Rio2 held 39,855,000 shares, also representing approximately 15% of Royal Road's issued shares [3]. Group 2: Future Intentions - Rio2 acquired these shares for investment purposes and may acquire additional shares or dispose of its holdings in Royal Road in the future, subject to the Investor Rights Agreement [4]. Group 3: Company Overview - Rio2 Limited is focused on mining operations and development, particularly the Fenix Gold Project in Chile, emphasizing environmental responsibility and sustainable practices [6].
X @The Economist
The Economist· 2025-11-27 21:30
Historians of the gold rush and modern miners argue that the real money is made by selling equipment to gullible prospectors https://t.co/GOgMSoydzX ...
Giant Mining Corp. Appoints John Percival as Non-Executive Chairman
Thenewswire· 2025-11-27 21:05
Core Viewpoint - Giant Mining Corp. has appointed Mr. John Percival as Non-Executive Chairman of the Board, aiming to enhance the company's visibility and investor reach in the mining sector [1][3]. Company Overview - Giant Mining focuses on identifying, acquiring, and advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals, driven by initiatives like the Green New Deal [8]. - The company's flagship asset is the Majuba Hill Copper, Silver, and Gold District, located 156 miles (251 km) from Reno, Nevada, which has the potential to become a major copper deposit [9]. Leadership and Experience - Mr. Percival brings over five decades of global capital markets experience and has raised over $1 billion for public companies, particularly in the Australian mining sector [2][6]. - His previous role as General Manager of Investments with Barclays Bank New Zealand Ltd. involved managing over $450 million, showcasing his expertise in investment strategies [4][5]. - Currently, he serves as a Senior Consultant with Novus Capital Limited, enhancing Giant Mining's access to established Australian capital markets networks [5]. Market Context - The Australian mining markets have seen significant inflows in 2024 and 2025, driven by demand for copper, uranium, critical metals, and gold, making Australia a leading jurisdiction for junior and mid-tier mining financing [2]. - Mr. Percival's leadership is expected to support Giant Mining's strategy and outreach to the Australian mining investment community [7].
3 Reasons Why Growth Investors Shouldn't Overlook Orla Mining (ORLA)
ZACKS· 2025-11-27 18:46
Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Orla Mining Ltd. identified as a promising candidate due to its strong growth metrics and favorable rankings [1][2]. Group 1: Earnings Growth - Orla Mining has a historical EPS growth rate of 83.4%, with projected EPS growth of 212% this year, significantly surpassing the industry average of 65.4% [5]. - Double-digit earnings growth is preferred by growth investors as it indicates strong future prospects and potential stock price gains [4]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 58.9%, well above the industry average of 6%, highlighting its strong financial health [6]. - Over the past 3-5 years, Orla Mining's annualized cash flow growth rate has been 49.7%, compared to the industry average of 15.4% [7]. Group 3: Earnings Estimate Revisions - The current-year earnings estimates for Orla Mining have been revised upward, with the Zacks Consensus Estimate increasing by 20.5% over the past month, indicating positive momentum [8]. Group 4: Overall Assessment - Orla Mining has achieved a Growth Score of A and a Zacks Rank of 2, reflecting its strong growth potential and positive earnings estimate revisions, making it a solid choice for growth investors [10].
WPM Expands Long-Term Reserves With Closing of Hemlo Mine Financing
ZACKS· 2025-11-27 17:51
Core Insights - Wheaton Precious Metals Corp. has successfully closed a financing deal with Carcetti Capital Corporation for the acquisition of the Hemlo Mine from Barrick Mining Corporation, which will enhance production and cash flow for Wheaton [1][8] Group 1: Deal Details - Carcetti Capital has rebranded as Hemlo Mining Corp. following the acquisition deal with Barrick Mining, with Wheaton providing $300 million in upfront cash out of a total commitment of up to $400 million [2] - The Hemlo Mine is expected to add 0.19 million ounces to Wheaton's total proven and probable mineral gold reserves, diversifying its reserve base [3] Group 2: Production and Financial Impact - Wheaton will acquire 10.13% of the payable gold until Hemlo delivers 135,750 ounces, followed by 6.75% until an additional 117,998 ounces are delivered, and then 4.50% for the remaining life of the mine [4] - The Hemlo Mine is projected to operate for 14 years, with an average attributable gold stream production of around 15,000 ounces per year during the first decade and over 13,000 ounces per year throughout its life [5] Group 3: Stock Performance - Wheaton Precious Metals' shares have increased by 74.2% over the past year, significantly outperforming the industry average growth of 18.5% [6][8]
Proxy firms endorse proposed Teck Resources-Anglo American merger
Proactiveinvestors NA· 2025-11-27 16:19
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Trilogy Balances Project Progress With Cautious Development Spending
ZACKS· 2025-11-27 16:16
Core Insights - Trilogy Metals Inc. (TMQ) is maintaining financial discipline while advancing the Upper Kobuk Mineral Projects through its joint venture, Ambler Metals LLC, with expenditures of approximately $3.8 million for the first nine months of fiscal 2025 [1] - The company's financial exposure remains controlled, recording only $2.2 million as its share of Ambler Metals' loss, reflecting a disciplined capital approach [2] - Ambler Metals' spending was slightly under the planned budget of $4.0 million due to delayed hiring and lower administrative costs, allowing for continued community engagement and core project activities [3][2] Financial Performance - Trilogy's shares have surged 228.1% over the past year, significantly outperforming the industry's growth of 12.2% [6] - The company is trading at a forward price-to-earnings ratio of negative 197.28X, compared to the industry's average of 14.72X, indicating a lower valuation score [9] Peer Comparison - NioCorp Developments Ltd. is advancing its Elk Creek Project, completing its first drilling program on schedule and within budget, and is launching a second phase to improve resource quality [4] - Barrick Mining Corporation is making high-return investments in the Americas, with several growth projects progressing on schedule and within budget [5]
X @Documenting ₿itcoin 📄
A bitcoin mine in Mongolia during the freezing winter kept overheating and shutting down until engineers installed cameras and found the reason was stray cats sleeping on the warm machines, blocking ventilation and forcing the mining rigs into automatic shutdown. https://t.co/ZV2hhTcHNG ...
Wall Street Analysts Believe Aris Mining Corporation (ARMN) Could Rally 28.39%: Here's is How to Trade
ZACKS· 2025-11-27 15:55
Core Viewpoint - Aris Mining Corporation (ARMN) has seen a significant stock price increase of 50.1% over the past four weeks, closing at $14.02, with analysts suggesting a potential upside of 28.4% based on a mean price target of $18 [1]. Price Targets - The average price target for ARMN ranges from a low of $15.48 to a high of $22.32, with a standard deviation of $3.01, indicating variability in analyst estimates [2]. - The lowest estimate suggests a 10.4% increase from the current price, while the highest estimate indicates a potential upside of 59.2% [2]. Analyst Sentiment - Analysts have shown increasing optimism regarding ARMN's earnings prospects, with a strong consensus on higher EPS estimates, which historically correlates with stock price movements [4][11]. - The Zacks Consensus Estimate for the current year has risen by 16.1% over the past month, with no negative revisions reported [12]. Zacks Rank - ARMN holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside in the near term [13]. Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the exact price movement, it does provide a directional guide for potential stock performance [14].