Has commenced drilling at its Martiniere gold project located approximately 30 km west of the Company’s flagship Fenelon gold project in northwestern Quebec. Wallbridge Mining Company Limited shares T.WM are trading up $0.01 at $0.06.
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Wallbridge Mining Company Limited
TORONTO, March 14, 2025 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has commenced drilling at its Martiniere gold project (“Martiniere”) located approximately 30 km west of the Company’s flagship Fenelon gold project in northwestern Quebec.
The Company is continuing to explore the broader mineralized gold system at Martiniere. Exploration is focused along the Bug Lake deformation corridor where drilling in 2024 returned multiple high grade intercepts from three satellite targets located within 100 to 500 metres of the currently defined mineral resource (see Wallbridge news releases dated July 31, 2024 and November 6, 2024). The first hole of the 2025 program is targeting the down-plunge extension of the newly identified Dragonfly zone which has so far been delineated approximately 500 metres along strike and to a vertical depth ranging from 75 to 200 metres below surface. Drilling is also planned to follow up on positive results returned from the Horsefly and Martiniere North target areas.
During 2025 the Company plans to complete a total of 10,000 to 15,000 metres of drilling at Martiniere. The first phase of drilling is planned to be completed in May 2025. Based on the results of the first drilling phase, which are expected to be reported by the end of the second quarter, a second phase is planned to commence during the latter half of July.
Additionally, generative exploration to identify earlier stage greenfields targets within the Company’s 830 km2 regional property position along the Detour-Fenelon gold trend continues.
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Northern Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 830 km2 that extends approximately 97 km along the Detour-Fenelon gold trend. The property is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project.
For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:
Brian Penny, CPA, CMACEOEmail: bpenny@wallbridgemining.comM: +1 416 716 8346 |
Tania Barreto, CPIRDirector Investor RelationsEmail: tbarreto@wallbridgemining.com M: +1 289 819 3012 |
Cautionary Note Regarding Forward-Looking Information
The information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document.
All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”
FLI in this document may include, but is not limited to; the Company’s exploration plans; the future prospects of Wallbridge; statements regarding the results of the PEA; future drill results; the Company’s ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the mineral resource estimates (“MRE”) at the Fenelon and Martiniere properties (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.
FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; and failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company’s ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedarplus.ca.
Cautionary Notes to United States Investors
Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.
Wallbridge Mining Company Limited
TORONTO, March 13, 2025 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has received final assay results from the 2024 exploration drilling program carried out by Agnico Eagle Mines (“Agnico”) on the Detour East property located approximately 55 kilometres west of its 100% owned Fenelon Gold Project (“Fenelon”) and 25 kilometres east of Agnico’s Detour Lake gold mine. Agnico holds an option to earn a 75% interest in the Detour East Property, which is currently 100% owned by Wallbridge.
Assay highlights include:
9.95 g/t Au over 0.5 metres in hole DTE-24-55, which drilled a previously untested target located along the Sunday Lake Deformation Zone (“SLDZ”) within a few hundred metres of Wallbridge’s neighboring Casault property
1.34 g/t Au over 3.0 metres in hole DTE-24-64 plus 1.27 g/t Au over 3.7 metres and 2.57 g/t Au over 2.1 metres in hole DTE-24-65, drilled on a previously identified target located along an accessory structure 2 kilometres north of the SLDZ near the boundary with the Casault property
1.43 g/t Au over 5.0 metres, 5.79 g/t Au over 1.0 metre and 7.02 g/t Au over 3.5 metres in hole DTE-24-66 and 2.2 g/t Au over 2.4 metres in hole DTE-24-68, drilled on the historic Lynx target located along the Massicotte Deformation Zone (“MDZ”)
“We believe these positive drill results, in combination with the completion of the airborne geophysical survey, represent another significant step forward toward a new gold discovery in the northern Abitibi region,” commented Brian Penny, Wallbridge CEO. “Since entering into the Detour East option agreement in late 2020, Agnico has invested approximately $5.5 million into exploring the property, with approximately $2.0 million of qualified expenditures remaining in order to acquire an initial 50% interest in the property. We look forward to continued positive exploration results at Detour East during 2025,” concluded Mr. Penny.
The 2024 exploration program at Detour East was conducted in two phases. The first involved the completion of a property-wide airborne Mobile Magnetotellurics (MT) geophysical survey totaling 1,923 line-kilometres to map bedrock lithology, structure and possible alteration and mineralization concealed beneath the extensive surficial overburden cover characteristic of the region. The results of the MT survey were used to identify prospective geologic and geophysical targets in proximity to the regional scale SLDZ, MDZ, and interpreted accessory fault structures as they extend across the northern and southern portions of the property.
The second phase involved the completion of a 14-hole diamond drilling program totaling 6,475 metres. Significant brittle-ductile style structural deformation hosting localized gold mineralization was intersected at multiple targets, confirming the locations of the main SLDZ and MDZ structures and accessory fault structures. Of the 14 holes drilled, 9 intercepted gold mineralization that may warrant further drilling. Gold mineralization occurs in association with quartz-sulfide and quartz-carbonate veining and breccia fillings. Additional details from the 2024 drilling program are provided in the summary table below:
Detour East Gold Project: 2024 Drill Assay Highlights |
|||||
Drill Hole |
From(m) |
To(m) |
Length(m) |
Au(g/t) |
Targeted Zone |
DTE-24-55 |
198.0 |
198.5 |
0.5 |
9.95 |
SLDZ |
DTE-24-56 |
234.0 |
236.0 |
2.0 |
0.53 |
SLDZ |
DTE-24-57 |
No significant assays reported |
MDZ |
|||
DTE-24-58 |
No significant assays reported |
MDZ |
|||
DTE-24-59 |
No significant assays reported |
MDZ |
|||
DTE-24-60 |
231.0 |
233.0 |
2.0 |
0.50 |
MDZ |
DTE-24-61 |
No significant assays reported |
MDZ |
|||
DTE-24-62 |
102.6 |
103.6 |
1.0 |
2.26 |
MDZ |
|
299.0 |
300.0 |
1.0 |
1.29 |
|
DTE-24-63 |
118.0 |
118.9 |
0.9 |
1.85 |
MDZ |
DTE-24-64 |
97.0 |
98.0 |
1.0 |
1.18 |
SLDZ |
|
188.0 |
194.3 |
6.3 |
0.72 |
|
|
223.0 |
226.5 |
3.5 |
0.45 |
|
|
251.0 |
253.0 |
2.0 |
0.75 |
|
|
267.0 |
270.5 |
3.5 |
0.87 |
|
|
431.0 |
434.0 |
3.0 |
1.34 |
|
DTE-24-65 |
183.3 |
187.0 |
3.7 |
1.27 |
SLDZ |
|
209.8 |
211.9 |
2.1 |
2.57 |
|
DTE-24-66 |
87.0 |
92.0 |
5.0 |
1.43 |
MDZ |
|
115.0 |
116.0 |
1.0 |
5.79 |
|
|
123.0 |
126.5 |
3.5 |
7.02 |
|
|
129.2 |
130.1 |
0.9 |
1.58 |
|
DTE-24-67 |
No significant assays reported |
MDZ |
|||
DTE-24-68 |
88.0 |
89.0 |
1.0 |
1.25 |
MDZ |
|
93.5 |
96.3 |
2.8 |
0.70 |
|
|
124.5 |
126.9 |
2.4 |
2.20 |
|
|
132.3 |
137.7 |
5.4 |
0.57 |
|
Notes |
|||||
1 Assay results are presented in summary format as reported by Agnico to Wallbridge. |
|||||
2 As these are exploration results, accurate estimation of true interval widths have not been determined. |
|||||
|
Links to a drill hole location map and an example cross-section for drill holes reported in this news release are provided here: Detour East Project: 2024 Drill Hole Location Map & Cross-Sections
The Detour East property is a 231 km2 claim block that comprises part of the Company’s 830 km2 Detour-Fenelon Gold Project land package. It covers approximately 20 km of the SLDZ and approximately 15 km of the MDZ as they extend east from the Québec-Ontario border. Under terms of the Detour East option agreement, Agnico has the option to acquire an initial 50% ownership interest in the property by funding expenditures of $7.5 million by November 23, 2025.
Upon Agnico exercising its option to earn the initial 50% interest, a joint venture will be formed and Agnico will have a second option to earn an additional 25% interest in the property by completing an additional $27.5 million in qualified work expenditures within 5 years of entering into the joint venture agreement, for a total undivided 75% interest in the property. Agnico is the project operator during the full term of the option period. There is a NSR royalty of 2%, relating to the entirety of the property, payable to a former owner, which may be repurchased at any time for $1.0 million for the first 50% of the NSR interest and $2.0 million for the remainder.
Quality Assurance / Quality Control
Agnico Eagle Mines Limited maintains a Quality Assurance/Quality Control ("QA/QC") program for all its exploration projects using industry best practices. Key elements of the QA/QC program include verifiable chain of custody for samples, regular insertion of blanks and certified reference materials, and completion of secondary check analyses performed at a separate independent accredited laboratory.
Drill core is halved and shipped in sealed bags to ALS Minerals in Timmins, Ontario for sample preparation. Samples are logged in the tracking system, weighed, dried, and finely crushed to better than 70% passing a 2 mm screen per preparation code CRU-31. A split of up to 500 g is taken using a Boyd rotary splitter and pulverized to better than 85% passing a 75 µm screen per code PUL-32m.
A 200g split is sent to ALS Minerals in Vancouver for analysis. Samples are assayed for gold using fire assay techniques on a 50 g sample with atomic absorption spectroscopy finish (Au-AA24). Samples with >10 g/t Au are reanalyzed with a gravimetric finish (Au-GRA22). Samples containing visible gold are analyzed using a screen metallics procedure and followed with a silica wash of equipment per request by Exploration personnel. A high-grade standard is placed before the sample with visible gold within the previous 10 samples and a blank sample is inserted immediately after the sample with visible gold.
ALS Minerals operates under a Quality Management System that conforms to the requirements of ISO/IEC 17025.
Qualified Person
The Qualified Person responsible for the technical content of this news release is Mr. Mark A. Petersen, M.Sc., P.Geo. (OGQ AS-10796: PGO 3069), Senior Exploration Consultant for Wallbridge.
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Québec’s Northern Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 830 km2 that extends approximately 97 kilometers along the Detour-Fenelon gold trend. The property is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project.
For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:
Brian Penny, CPA, CMACEOEmail: bpenny@wallbridgemining.comM: +1 416 716 8346 |
|
Tania Barreto, CPIRDirector Investor RelationsEmail: tbarreto@wallbridgemining.comM: +1 289 819 3012 |
|
|
|
Cautionary Note Regarding Forward-Looking Information
The information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document.
All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”
FLI in this document may include, but is not limited to: exploration by Agnico or the Company on the Detour East property; the Company’s exploration plans; the future prospects of Wallbridge; statements regarding the results of the PEA; future drill results; the Company’s ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the mineral resource estimates (“MRE”) at the Fenelon and Martiniere properties (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.
FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; and failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company’s ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedarplus.ca.
Cautionary Notes to United States Investors
Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.
Wallbridge Mining Detour – Fenelon Gold Trend Properties
Wallbridge Mining Detour – Fenelon Gold Trend Properties
Detour East Property – 2024 Drill Hole Locations |
|||||||||||||
Hole ID |
NorthingUTM_N |
EastingUTM_E |
Elevation(masl) |
Depth(m) |
Azimuth(Degrees) |
Dip(Degrees) |
Hole ID |
NorthingUTM_N |
EastingUTM_E |
Elevation(masl) |
Depth(m) |
Azimuth(Degrees) |
Dip(Degrees) |
DTE-24-55 |
5536321 |
624700 |
252 |
564 |
320 |
52 |
DTE-24-62 |
5533178 |
616235 |
244 |
510 |
200 |
52 |
DTE-24-56 |
5537731 |
621743 |
252 |
409 |
220 |
52 |
DTE-24-63 |
5533306 |
615975 |
259 |
450 |
220 |
52 |
DTE-24-57 |
5532842 |
618184 |
255 |
447 |
190 |
52 |
DTE-24-64 |
5540603 |
626990 |
261 |
510 |
172 |
52 |
DTE-24-58 |
5532553 |
619418 |
254 |
540 |
20 |
52 |
DTE-24-65 |
5540422 |
627011 |
261 |
402 |
172 |
52 |
DTE-24-59 |
5533335 |
620237 |
255 |
600 |
205 |
52 |
DTE-24-66 |
5532861 |
617812 |
255 |
402 |
0 |
58 |
DTE-24-60 |
5533069 |
620580 |
255 |
489 |
180 |
52 |
DTE-24-67 |
5532861 |
617812 |
255 |
300 |
0 |
76 |
DTE-24-61 |
5532923 |
621202 |
256 |
552 |
200 |
52 |
DTE-24-68 |
5532861 |
617812 |
255 |
300 |
340 |
58 |
Note: Coordinate system UTM NAD 83, Zone 17 |
|||||||||||||
|
Wallbridge Mining – Detour East Property – Agnico Eagle Mines Option 2024 Drill Hole Locations
Wallbridge Mining – Detour East Property – Agnico Eagle Mines Option2024 Drill Hole Locations
Wallbridge Mining – Detour East Property – Agnico Eagle Mines Option Cross Section – Drill Holes DTE-24-64 & 65, DTE-18-42A
Wallbridge Mining – Detour East Property – Agnico Eagle Mines OptionCross Section – Drill Holes DTE-24-64 & 65, DTE-18-42A
Wallbridge Mining – Detour East Property – Agnico Eagle Mines Option Cross Section – Drill Holes DTE-24-66, 67 & 68
Wallbridge Mining – Detour East Property – Agnico Eagle Mines OptionCross Section – Drill Holes DTE-24-66, 67 & 68
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/45ce6add-f526-4343-b615-802ca9456d4b
https://www.globenewswire.com/NewsRoom/AttachmentNg/a2799adf-1f00-4cd2-ba64-bb11174131d1
https://www.globenewswire.com/NewsRoom/AttachmentNg/93087d87-f31b-4bb7-aab9-cb153539ebf1
https://www.globenewswire.com/NewsRoom/AttachmentNg/2c67a194-d2c2-450f-bc2d-db36a9f441da
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EZZ Life Science Holdings (ASX:EZZ) |
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Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Aurelia Metals Limited is an Australian company focused on the exploration and production of mineral properties, with a market cap of A$363.69 million.
Operations: The company’s revenue is derived from its operations at the Peak Mine (A$245.13 million), Dargues Mine (A$73.90 million), and Hera Mine (A$5.98 million).
Market Cap: A$363.69M
Aurelia Metals has shown a turnaround by becoming profitable in the past year, with net income of A$17.95 million for the half year ended December 31, 2024, compared to a net loss previously. The company’s short-term assets significantly exceed both its short and long-term liabilities, indicating strong financial health. Despite having more cash than total debt and operating cash flow covering debt well over expectations, the board and management are relatively inexperienced with average tenures under three years. While trading below estimated fair value, interest coverage remains slightly below optimal levels at 2.6 times EBIT.
ASX:AMI Revenue & Expenses Breakdown as at Mar 2025Fleetwood
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Fleetwood Limited, with a market cap of A$222.78 million, operates in Australia and New Zealand by designing, manufacturing, selling, and installing modular accommodation and buildings.
Operations: The company’s revenue is derived from three main segments: Building Solutions (A$340.12 million), RV Solutions (A$71.51 million), and Community Solutions (A$50.02 million).
Market Cap: A$222.78M
Fleetwood Limited, with a market cap of A$222.78 million, has demonstrated mixed performance as a penny stock. The company’s recent half-year earnings showed an increase in sales to A$271.94 million and net income of A$4.66 million, indicating some growth despite lower profit margins than the previous year. Fleetwood’s dividend yield of 9.62% is not well covered by earnings, raising sustainability concerns despite the recent dividend increase announcement. The company remains debt-free with short-term assets exceeding liabilities, yet its return on equity is low at 2.7%. Earnings are forecast to grow significantly at 37.41% annually according to consensus estimates.
ASX:FWD Financial Position Analysis as at Mar 2025Kingsgate Consolidated
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Kingsgate Consolidated Limited is involved in the exploration, development, and mining of gold and silver mineral properties, with a market capitalization of A$353.12 million.
Operations: Kingsgate Consolidated Limited generates revenue primarily from its Chatree segment, amounting to A$210.69 million.
Market Cap: A$353.12M
Kingsgate Consolidated Limited, with a market cap of A$353.12 million, has shown significant earnings growth of 1203% over the past year, driven by its Chatree segment revenue of A$210.69 million. The company’s short-term assets cover its liabilities and it maintains a satisfactory net debt to equity ratio of 17.9%. Despite recent executive changes with the departure of CFO Dan O’Connell, Kingsgate’s financial leadership remains stable during this transition period. Trading at good value compared to peers and industry, Kingsgate’s return on equity is outstanding at 74.4%, though earnings are forecast to decline by an average of 14.3% annually over the next three years according to consensus estimates.
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In the latest market close, Southern Copper (SCCO) reached $90.82, with a +0.36% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 1.78% for the day. Meanwhile, the Dow lost 0.99%, and the Nasdaq, a tech-heavy index, lost 2.61%.
Coming into today, shares of the miner had lost 3.15% in the past month. In that same time, the Basic Materials sector lost 0.13%, while the S&P 500 lost 3.48%.
The investment community will be closely monitoring the performance of Southern Copper in its forthcoming earnings report. On that day, Southern Copper is projected to report earnings of $1.26 per share, which would represent year-over-year growth of 34.04%. At the same time, our most recent consensus estimate is projecting a revenue of $2.68 billion, reflecting a 3.22% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.66 per share and a revenue of $11.55 billion, demonstrating changes of +7.62% and +1.03%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Southern Copper. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.78% upward. Southern Copper presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Southern Copper is presently trading at a Forward P/E ratio of 19.41. For comparison, its industry has an average Forward P/E of 16, which means Southern Copper is trading at a premium to the group.
It's also important to note that SCCO currently trades at a PEG ratio of 1.76. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Mining – Non Ferrous was holding an average PEG ratio of 0.81 at yesterday's closing price.
The Mining – Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 192, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Southern Copper (SCCO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this miner have returned -3.2% over the past month versus the Zacks S&P 500 composite's -4.1% change. The Zacks Mining – Non Ferrous industry, to which Southern Copper belongs, has lost 0.7% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Southern Copper is expected to post earnings of $1.26 per share for the current quarter, representing a year-over-year change of +34%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $4.66 for the current fiscal year indicates a year-over-year change of +7.6%. This estimate has changed +0.8% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $4.57 indicates a change of -2% from what Southern Copper is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Southern Copper is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPSRevenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Southern Copper, the consensus sales estimate for the current quarter of $2.68 billion indicates a year-over-year change of +3.2%. For the current and next fiscal years, $11.55 billion and $11.39 billion estimates indicate +1% and -1.4% changes, respectively.
Last Reported Results and Surprise History
Southern Copper reported revenues of $2.78 billion in the last reported quarter, representing a year-over-year change of +21.3%. EPS of $1.01 for the same period compares with $0.57 a year ago.
Compared to the Zacks Consensus Estimate of $2.78 billion, the reported revenues represent a surprise of +0.16%. The EPS surprise was -0.98%.
Over the last four quarters, Southern Copper surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Southern Copper is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Teck Resources (TECK-B.TO) said Thursday it agreed to invest US$40 million in Bunker Hill Mining (BN
Teck Resources Ltd
VANCOUVER, British Columbia, March 06, 2025 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced an agreement with Bunker Hill Mining Corp. (“Bunker Hill”) for a US$40-million equity investment intended to enhance the North American critical minerals supply chain by securing high-quality, cost-competitive zinc and lead concentrate from Idaho’s Silver Valley to feed Teck’s Trail Operations (“Trail”). The investment is subject to various closing conditions, including completion of certain restructuring transactions and a marketed private placement by Bunker Hill and receipt of all necessary stockholder, regulatory and stock exchange approvals.
Highlights:
Investment will support the completion of development of the nearby Bunker Hill Mine, located 60 kilometres southeast of Coeur d’Alene, Idaho.
High-quality, cost-competitive feed from Bunker Hill will provide additional optionality and is expected to enhance Trail’s annual EBITDA.
Zinc and lead concentrate produced by the mine will go to Trail under an existing offtake agreement and supplement existing feed from Teck’s Red Dog Operations and from other sources.
Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements and information can be identified by statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or achieved. Forward-looking statements include anticipated enhancements to Trail’s annual EBITDA and the expected delivery of zinc and lead under the offtake.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
Factors that may cause actual results to vary include, but are not limited to, timing for construction and ramp up of the Bunker Hill Mine by Bunker Hill, changes to assumed logistics costs or routes, and other risk factors impacting Teck’s business as detailed in Teck’s annual information form and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document, except as may be required under applicable securities laws.
About TeckTeck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
Investor Contact:Emma ChapmanVice President, Investor Relations +44.207.509.6576emma.chapman@teck.com
Media Contact:Dale SteevesDirector, External Communications236.987.7405 dale.steeves@teck.com
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Southern Copper (SCCO)
Phoenix, AZ-based Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals. The company conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.
SCCO sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 7.6% and 1% year-over-year, respectively.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.05 to $4.66 per share. SCCO also boasts an average earnings surprise of 7.9%.
On a historic basis, Southern Copper has generated cash flow growth of 8%, and is expected to report cash flow expansion of 29.6% this year.
SCCO should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
VANCOUVER, BC, March 5, 2025 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce today that it has entered into exclusivity to negotiate an earn-in agreement (the "Option Agreement") with Talon Metals Corp. ("Talon") for the right to acquire up to a 70% ownership interest in the Boulderdash exploration properties ("Boulderdash") which are adjacent to the Company's Eagle Mine. Concurrently with the execution of the exclusivity agreement, Lunding Mining has advanced Talon US$5 million to, among other things, commence drilling at Boulderdash. If the parties do not execute the Option Agreement, Talon will either repay such advance or issue shares to the Company with an aggregate subscription price equal to such advance based on the 5-day volume weighted average price of Talon shares on the TSX at the time of issuance. View PDF
It is anticipated that pursuant to the terms of the Option Agreement, Lundin Mining will agree to fund up to 30,000 metres (m) of Talon's drilling campaign at Boulderdash in exchange for a 44.625% interest in Boulderdash. Such drill campaign will be completed in 10,000 m tranches at the election of Lundin Mining. Following the completion of 30,000 m of drilling, the Company may fund a feasibility study in respect of the Boulderdash property in exchange for an additional 25.375% interest in Boulderdash, for a total ownership of 70%, as well as the potential for a 90% interest in certain properties adjacent to Boulderdash.
Boulderdash Properties
The Boulderdash target is located approximately 12 kilometres northwest of Lundin Mining's Eagle Mine in Michigan, the only operating nickel mine in the U.S. The maiden drill hole at Boulderdash announced last year on October 24, 2024 (see Talon release "Talon Metals Makes New Copper-Nickel Discovery in Michigan") intercepted 99.92 m grading 0.41% nickel and 0.35% copper starting at 9.14 m depth, more recent drilling has intercepted 2.35 m of nickel-copper massive sulphide mineralization assaying 2.33% nickel and 2.95% copper (press release dated February 27, 2025 "Talon Metals Reports More Drilling Success and Assays From its Michigan Boulderdash Discovery"). As part of the option agreement Lundin Mining will fund an initial 10,000 m drill program to follow up on recent drill results.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. In December 2024 the Company announced the sale of its European assets to Boliden. The transaction is expected to close in mid-2025 subject to customary conditions and regulatory approvals.
The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on March 5, 2025 at 14:30 Pacific Time.
Technical Information
The scientific and technical information in this press release has been prepared in accordance with the disclosure standards of National Instrument 43-101 ("NI 43-101") and has been reviewed by Cole Moody, PGeo., Director, Resource Geology, a "Qualified Person" under NI 43-101. Mr. Moody has verified the data disclosed in this release and no limitations were imposed on his verification process.
Cautionary Statement on Forward-Looking Information
Certain of the statements made and information contained herein are "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding: the Company's plans, prospects and business strategy; the earn-in arrangement in respect of the Boulderdash property, including the entering into of an Option Agreement in respect thereof and the terms of such Option Agreement; future actions taken by Talon and Lundin Mining in relation to the Boulderdash property and the outcomes and anticipated benefits thereof; and expectations for other economic, business, and/or competitive factors. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions are often, but not always, used identify forward-looking information.
Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company and Talon can successfully negotiate and enter into an Option Agreement, as well as the terms of such Option Agreement and the anticipated benefits of such arrangement; that the results of exploration activities at Boulderdash will be consistent with management expectations in relation thereto; the ability of Talon and Lundin to identify opportunities at Boulderdash and achieve related goals; assumed and future price of copper, zinc, nickel, gold and other metals; anticipated costs; that the political environment in which the Company operates will continue to support the development and operation of mining projects, including at Boulderdash; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information and undue reliance should not be placed on such information. Such factors include, but are not limited to: the failure of the Company and Lundin to successfully negotiate the terms of an Option Agreement in a timely manner, or at all; the failure of the Company to realize the anticipated benefits of an Option Agreement; global financial conditions, market volatility and inflation, including pricing and availability of key supplies and services; risks inherent in mining including but not limited to risks to the environment, industrial accidents, catastrophic equipment failures, unusual or unexpected geological formations or unstable ground conditions, and natural phenomena such as earthquakes, flooding or unusually severe weather; uninsurable risks; volatility and fluctuations in metal and commodity demand and prices; reputation risks related to negative publicity with respect to the Company, Talon or the mining industry in general; delays or the inability to obtain, retain or comply with permits; risks relating to the development of the Boulderdash property and the Company's projects; health and safety laws and regulations; risks associated with climate change; risks relating to indebtedness; economic, political and social instability and mining regime changes, including but not limited to those related to permitting and approvals, nationalization or expropriation without fair compensation, environmental and tailings management, labour, trade relations, and transportation; an inability to attract and retain highly skilled employees; project financing risks; liquidity risks and limited financial resources; health and safety risks; compliance with environmental and other laws and regulations; unavailable or inaccessible infrastructure; infrastructure failures, and risks related to ageing infrastructure; changing taxation or tariff regimes; an inability of the Company to effectively compete in the industry; risks associated with any earn-in right in respect of the Boulderdash property, including with respect to ability to achieve anticipated benefits thereof and unanticipated difficulties or expenditures relating to the exploration and development of the Boulderdash property; risks related to mine closure activities, reclamation obligations, environmental liabilities and closed and historical sites; reliance on key personnel and reporting and oversight systems, as well as third parties and consultants; information technology and cybersecurity risks; risks associated with the estimation of Mineral Resources and Mineral Reserves and the geology, grade and continuity of mineral deposits including but not limited to models relating thereto; actual ore mined and/or metal recoveries varying from Mineral Resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and other characteristics; ore processing efficiency; community and stakeholder opposition; regulatory investigations, enforcement, sanctions and/or related or other litigation; financial projections, including estimates of future expenditures and cash costs, and estimates of future production may not be reliable; risks associated with the use of derivatives; environmental and regulatory risks associated with the structural stability of waste rock dumps or tailings storage facilities; exchange rate fluctuations; compliance with laws; potential for the allegation of fraud and corruption involving the Company, its customers, suppliers or employees, or the allegation of improper or discriminatory employment practices, or human rights violations; risks relating to dilution; risks relating to payment of dividends; counterparty and customer concentration risks; activist shareholders and proxy solicitation matters; estimation of asset carrying values; existence of significant shareholders; challenges or defects in title; internal controls; risks relating to minor elements contained in concentrate products; the threat associated with outbreaks of viruses and infectious diseases; mining rates and rehabilitation projects; mill shut downs; and other risks and uncertainties, including but not limited to those described in the "Risks and Uncertainties" section of the Company's Annual Information Form for the year ended December 31, 2024, which is available on SEDAR+ at www.sedarplus.com under the Company's profile.
All of the forward-looking information in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecasted or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
Lundin Mining to Option Ni-Cu-PGM Exploration Properties from Talon Metals Corp. (CNW Group/Lundin Mining Corporation)
SOURCE Lundin Mining Corporation
Cision
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/05/c3345.html
Written by Amy Legate-Wolfe at The Motley Fool Canada
Investing $20,000 in two TSX mid-cap stocks can feel a bit overwhelming. But when it comes to TSX stocks like Northland Power (TSX:NPI) and Lundin Mining (TSX:LUN), it can be a savvy strategy to generate passive income. Let’s explore how these companies have been performing and what the future might hold for investors.
Northland Power
Northland Power, a prominent player in the renewable energy sector, has been making waves with its recent financial performance. In the fourth quarter (Q$) of 2024, the TSX stock reported revenue from energy sales of $572 million — a slight decrease from $626 million in the same period the previous year. However, on a full-year basis, revenue increased to $2,346 million from $2,233 million in 2023. Net income also saw a positive shift, rising to $150 million in Q4 2024 from a net loss of $268 million in Q4 2023.
Looking ahead, Northland Power has issued its 2025 financial guidance. It expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to be in the range of $1.3 to $1.4 billion. This optimistic outlook is bolstered by ongoing projects in Poland, Taiwan, and Canada, which are anticipated to start contributing to earnings in 2025, with full realization by 2027.
For dividend enthusiasts, Northland Power offers a forward annual dividend rate of $1.20 per share, translating to a yield of approximately 6.18% at writing. This robust dividend yield is higher than the average of the bottom 25% of dividend payers in the Canadian market, making it an attractive option for income-focused investors.
Lundin Mining
Lundin Mining, a diversified base metals mining company, has also shown noteworthy performance. In Q4 2024, the TSX stock achieved revenue of $1.024 billion, with net earnings attributable to shareholders amounting to $101.2 million. This reflects a significant turnaround from a net loss in the same quarter of the previous year.
The TSX stock’s full-year results for 2024 are equally impressive, with revenue reaching $4.117 billion and record copper production of 369,067 tonnes. These figures underscore Lundin Mining’s operational efficiency and strong market position.
For investors eyeing dividends, Lundin Mining offers a forward annual dividend rate of $0.36 per share, yielding approximately 3.11%. While this yield is modest compared to Northland Power, it still provides a steady income stream for shareholders.
Earning income
By allocating $10,000 to Northland Power and $10,000 to Lundin Mining, investors can diversify their portfolios across the renewable energy and mining sectors. Based on the current dividend yields, this investment could generate significant income, as you can see below.
COMPANY |
RECENT PRICE |
NUMBER OF SHARES |
DIVIDEND |
TOTAL PAYOUT |
FREQUENCY |
TOTAL INVESTMENT |
NPI |
$19.10 |
524 |
$1.20 |
$628.80 |
monthly |
$10,000 |
LUN |
$11.35 |
881 |
$0.36 |
$317.16 |
quarterly |
$10,000 |
You would be earning $945.96 annually! Of course, it’s essential to consider that dividend yields are subject to change based on company performance and market conditions. However, both Northland Power and Lundin Mining have demonstrated resilience and growth potential, making them viable options for investors seeking passive income.
Foolish takeaway
Northland Power’s strategic projects in renewable energy are expected to enhance its earnings in the coming years. The TSX stock’s focus on sustainable energy solutions aligns with global trends toward cleaner energy sources, potentially leading to increased profitability and, consequently, higher dividends.
Similarly, Lundin Mining’s robust production figures and financial health position it well for future growth. As demand for base metals continues to rise, the company is poised to capitalize on market opportunities. This could translate into enhanced shareholder value.
Investing in Northland Power and Lundin Mining offers a balanced approach to generating passive income through dividends. Both TSX stocks showcased strong financial performances and have promising outlooks, making these worthy considerations for investors aiming to build a resilient and income-generating portfolio.
The post Invest $20,000 in 2 TSX Stocks for $945.96 in Passive Income appeared first on The Motley Fool Canada.
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2025
Equities in Canada’s largest centre fell to their lowest levels in nearly two months, as investors assessed President Donald Trump's imposition of new tariffs on the United States' three biggest trading partners.
The TSX Composite Index plummeted 429,57 points, or 1.7%, to close Tuesday at 24,572.
The Canadian dollar regained 0.08 cents to 69.08 cents U.S.
Trump's 25% tariff on imports from Mexico and Canada took effect at 12:01 a.m. EST, along with a doubling of duties on Chinese goods to 20%.
China responded with additional tariffs of 10%-15% on certain U.S. imports from March 10. Canada and Mexico, which have enjoyed a near tariff-free trade relationship with the U.S. for the past three decades, were poised to swiftly retaliate against their long-standing ally.
Prime Minister Justin Trudeau announced that Ottawa would impose immediate 25% tariffs on $30 billion worth of U.S. imports. Furthermore, should Trump's tariffs persist for 21 days, an additional $125 billion in tariffs would be enacted.
In company news, the Yomiuri newspaper reported that Seven & i plans to reject the $47-billion takeover offer from Canada's Alimentation Couche-Tard and instead seek to enhance corporate value on its own. Couche-Tard shares dropped 17 cents or 1.4%, to $70.64.
Magna International fell $1.83. or 3.6%, to $49.45. after BofA Global Research downgraded its rating to "neutral".
Teck Resources lost $1.47, or 2.6%, to $55.90, after the miner's CEO said it was looking to sell zinc to Asia instead of the U.S. to contend with new tariffs.
Financial stocks took a pounding, with Brookfield Asset Management stung $4.18, or 5.2%, to $76.72, while Brookfield Corporation was tagged $4.28, or 5.2%, to $77.71.
Techs were also roughed up, with Sangoma sinking 62 cents, or 8%, to $7.16, while Coveo Solutions plummeted 49 cents, or 7.5%, to $6.08.
Health-care issues tried to balance things out, with Sienna Senior Living forging ahead 29 cents, or 1.8%, to $16.08, while Chartwell Retirement Residences picking up 24 cents, or 1.4%, to $17.50.
ON BAYSTREET
The TSX Venture Exchange lost 1.17 points, recovering from its severe lows of the day, to 594.07.
All but two of the 12 TSX subgroups lost ground, with financials poorer by 2.6%, information technology sagging 1.5%, and industrials weaker by 1.3%.
Health-care dipped 0.8%, while real-estate fell 0.4%.
ON WALLSTREET
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The Dow Jones Industrial Average tumbled for a second day as President Donald Trump’s tariffs left investors fearful of potential shockwaves for the economy.
The blue chips withered 670.25 points, or 1.6%, to close Tuesday at 42,520.99, building on Monday’s plunge of nearly 650 points.
The S&P 500 index declined 71.57 points, or 1.2%, to 5,778.16.
With Tuesday’s losses, the much-broader now trades below where it finished on Election Day in November, when voters headed to the polls to return Trump to office. Traders will closely monitor Trump’s address to Congress on Tuesday night for statements about the tariffs, which were a core pillar of his campaign.
Also, this week’s selloff pushed the S&P 500 into the red for 2025 and the Dow near flat on the year. The tariffs prompted a broad selloff on Tuesday. About four out of every five S&P 500 stocks traded down.
The NASDAQ Composite stumbled 65.03 points to 18,285.16, putting the tech-heavy index on track to close in correction territory, which is when it falls 10% from a recent high.
Tuesday’s nosedive comes after the U.S. instituted 25% duties on Canada and Mexico that took effect at midnight. Trump also slapped an additional 10% tariff on Chinese goods.
China retaliated with additional tariffs of up to 15% on some U.S. products. Canadian Prime Minister Justin Trudeau said his country would also put a 25% levy on U.S. goods. Mexican President Claudia Sheinbaum said the U.S.' southern neighbor would respond with tariffs and other tools that would be announced this weekend.
Shares of GM ditched 4% and Ford was lower by 3%, building on declines seen this year amid concerns that tariffs would raise costs. Chipotle, which sources about half of its avocados from Mexico, slipped more than 2%. Target shed 2.5% with its CEO saying prices for some produce would be going higher in the next few days because of the tariffs.
Tech names felt the brunt of investors’ recent shift away from U.S. stocks, underscoring the NASDAQ’s recent fall. Notably, artificial intelligence darling Nvidia pulled back nearly 1% in the session With Tuesday’s losses, the S&P 500 now trades below where it finished on Election Day in November, when Trump won his second term in office. Traders will closely monitor Trump’s address to Congress on Tuesday night for statements about the tariffs, which were a core pillar of his campaign.
Prices for the 10-year Treasury edged lower, lifting yields 4.20% from Monday’s 4.16%. Treasury prices and yields move in opposite directions.
Oil prices slid five cents to $68.32 U.S. a barrel.
Prices for gold strengthened $24.80 an ounce to $2,920.40 U.S.
(Updates with comments from Teck spokesperson throughout.) Teck Resources (TECK) is expecting “mi
We recently published a list of 7 Best Zinc Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Teck Resources Limited (NYSE:TECK) stands against other best zinc stocks to buy according to hedge funds.
Zinc is a vital part of modern industry and plays a major role in galvanizing steel to produce alloys and promote sustainable energy storage. Construction, automotive, healthcare, and even dietary supplements are among its many uses.
Zinc’s importance is on the rise with a renewed focus on sustainable manufacturing, an increasing number of electric vehicles (EVs), and the growth of infrastructure projects. The Business Research Company has reported that the global zinc market will develop significantly. It is expected to rise from $28.82 billion in 2024 to $41.76 billion by 2029, with an annual growth rate of 7.6%.
The market trend further highlights zinc’s upward surge. Over the previous year, zinc futures have risen by 19.63%, increasing from $2,405 per metric ton on February 18, 2024, to $2,877 on February 19, 2025. Refined market fundamentals and investor trust have driven this expansion. In 2024, zinc production stood at 20 million tons, while its consumption stayed consistent at 19 million tons. China, Peru, and India continue to be the lead producers of the metal. However, global trade patterns have shifted, leading to an 11% drop in zinc imports, bringing it down to 4.2 million tons. After continuous growth of two years, exports also showed a decline of 8.5%, down to 4.6 million tons. This decline was mainly caused by a deceleration in the EV market, as vehicle manufacturers started experimenting with other materials. Furthermore, the shift to green energy momentarily disrupted conventional supply chains, leading to variations in zinc trade.
Regardless, zinc demand remains steady in the main industrial sectors. The U.S. and China held their position as the lead importers of the metal during the year. In 2024, it was reported that the USA imported almost 589,000 tons of zinc, making up 14% of total imports, while China imported 441,000 tons, contributing to 11% of total imports. This shows how zinc still plays a key role in infrastructure, the automotive sector, and technology advancements.
As the globe transitions to a low-carbon economy, zinc is becoming a vital facilitator of decarbonization with coatings alone, accounting for 60% of global zinc consumption. The International Zinc Association (IZA) forecasts a 22% increase in zinc demand from the automotive sector, which amounts to an additional 140,000 tons by 2030. This expansion is fueled by the increasing automobile sales in China and India, the surging preference for larger vehicles, and the increased utilization of galvanized steel in electric vehicle manufacturing.
Beyond the automotive industry, zinc’s demand is also increasing in renewable energy. According to Zinc.org, by 2030, solar power infrastructure will require approximately 568,000 tons of zinc, as zinc-coated steel becomes essential in solar arrays and wind turbines. Meanwhile, zinc is increasingly influential in agriculture due to the Zinc Nutrient Initiative (a program with the aim to add zinc fertilizer to soils to significantly increase crop yield, and boost nutritional value in humans), which has created an annual need of 400,000 tons for fertilizers. Moreover, the increasing popularity of zinc-based dietary supplements is boosting market demand.
In parallel, technological progress in zinc recovery and recycling is moving the industry toward sustainability. Innovations in direct leaching and submerged lance technology are improving extraction efficiency while minimizing environmental impact. A significant advancement, named Kobe Steel’s FASTMET process, has achieved a remarkable 95% recovery rate of zinc from steel mill waste and industrial by-products. These innovations are transforming waste into recyclable resources, fostering a circular economy that encourages zinc’s sustainability in the long run.
As the industry progressively emphasizes sustainability, zinc’s significance in infrastructure, energy, and agriculture continues to grow, offering profitable prospects for investors.
Methodology
To compile our list of the 7 Best Zinc Stocks to Buy According to Hedge Funds, we first conducted extensive research to identify companies with significant exposure to the zinc industry. We define exposure in terms of zinc mining, refining, or the production of zinc-based products.
We then extracted the number of hedge fund holders having a stake in the respective companies, as of Q4 2024, using data from Insider Monkey’s hedge fund database. The finalists are stocks with the highest hedge fund interest.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Teck Resources Limited (TECK) the Best Zinc Stock to Buy According to Hedge Funds?
A close up of an automated machine processing other Industrial Metals & Mining resources.
Teck Resources Limited (NYSE:TECK)
Number of Hedge Fund Holders: 66
Teck Resources Limited (NYSE:TECK) is a multinational mining company that operates in North America, Asia, and Europe and is primarily focused on the production of copper and zinc.
In the fourth quarter ended 31 December 2024, the company reported an adjusted EBITDA of $835 million, driven by record copper production and favorable base metal prices. Due to lower ore grades at the Red Dog and Antamina mines and scheduled maintenance at Red Dog, the company faced a major setback. Although zinc sales increased by 24%, there was a 19% year-over-year decrease in zinc-in-concentrate output. Despite this, a 112% increase was recorded in gross profit before depreciation and amortization for the zinc segment, amounting to $320 million.
Furthermore, Teck Resources Limited (NYSE:TECK) maintained strong liquidity with $11.3 billion, which included $7.1 billion in cash. The company also distributed $1.8 billion to shareholders via dividends and share repurchases in 2024.
Also, Teck Resources Limited (NYSE:TECK) reaffirmed its 2025 zinc production forecast of 525,000 to 575,000 tons, ensuring consistent output despite earlier operational obstacles. In the future, the company aims to shift its focus to energy transition metals, robust copper production, and consistent zinc operations. Through this, the company aims for long-term expansion and is ranked among the Best Zinc Stocks to Buy According to Hedge Funds.
Overall, TECK ranks 2nd on our list of best zinc stocks to buy according to hedge funds. While we acknowledge the potential of TECK, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TECK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
(Bloomberg) — The top executive of Teck Resources Ltd., one of Canada’s biggest mining companies, blasted the US for imposing inflation-fueling tariffs on metals markets in some of the industry’s most scathing comments against the Trump administration.
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The US is making economic decisions “without adults in the room,” Chief Executive Officer Jonathan Price said Tuesday at an industry event in Toronto. “There is little upside.”
The CEO’s comments come after US President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import tariffs early Tuesday. Price said the tariffs will “drive inflation up” throughout the mining industry and encourage companies to find customers in other countries — a move the Canadian miner has started to pursue.
Teck shares fell as much as 4.6% to C$54.73 in Toronto, its lowest intraday price in almost a year, joining the broad decline of other Canadian metals producers after the tariffs were imposed.
Teck is looking to sell zinc to customers in Asia instead of the US, Price said during a panel discussion at the Prospectors & Developers Association of Canada gathering. About half of Teck’s zinc output last year went to the US. Its zinc is mined in Alaska, refined at the company’s Canadian smelter and then sold into the US.
“We have been reserving warehousing capacity, looking to reserve space in ports to export the metals to Asia,” Price said. “We will find buyers and prices will adjust.”
Teck mainly produces copper, though most of that metal is shipped to Asian markets. The US accounted for 14% of the Vancouver-based company’s revenue last year, according to data compiled by Bloomberg.
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Teck Resources (TECK) is ready to find buyers in Asia for its zinc and other metals after US Preside
We recently published a list of 7 Best Metal Stocks to Buy According to Analysts. In this article, we are going to take a look at where Teck Resources Limited (NYSE:TECK) stands against other best metal stocks to buy according to analysts.
The metals industry, which supplies vital materials for manufacturing, renewable energy, and construction, is a major contributor to the expansion of the world economy. This market has grown remarkably in the last several years. The Business Research Company projects that the worldwide metals market will increase by 5.9%, from $4,392.33 billion in 2024 to $4,651.03 billion in 2025. Growing demand for industrial and precious metals, particularly in the construction, automotive, and renewable energy industries, is driving this growth.
Since copper is still one of the most sought-after metals, the growing demand for the metal is a major factor in this development. The copper market is projected to increase by 7.8% during the period 2024-2025, reaching $190.72 billion, according to The Business Research Company. This increase is mostly attributable to the growth of infrastructure worldwide and the extensive use of copper in electrification projects.
At the same time, there is a high demand for metals like copper, aluminum, and steel, especially from the expanding construction sector. According to the U.S. Census Bureau, the value of monthly construction activities in the United States increased by 4.3% on a YoY basis in December 2024. Thus, the global acceleration of infrastructure projects is anticipated to support the metals market for the foreseeable future due to this increasing demand.
Along with industrial metals, precious metals have done noticeably better than the overall market, driven by investor demand for safe-haven assets and inflationary fears. For example, gold ETFs had their greatest gain since 2010 in 2024, rising a whopping 26%. It is anticipated that this trend will continue into 2025 if inflationary pressures continue to drive demand for gold as a protective investment. Similarly, as of February 26, 2025, silver futures experienced a 40.34% year-over-year rise while gold futures produced an impressive 43.64% return, as reported by S&P Global. These figures highlight the rising demand for gold and silver as investments against an unstable economic landscape.
Simultaneously, the metals sector is undergoing a surge in sustainability efforts and technological breakthroughs. Metal production is being revolutionized by innovations such as generative AI in additive manufacturing, which is making it more sustainable and efficient. On the other hand, the global market for recycled scrap metal is expected to rise at a robust 6.4% annual growth rate from $70.5 billion in 2024 to $75.5 billion in 2025. By 2035, the recycling industry is predicted to account for 72.5% of the market value as environmental restrictions and sustainability drive companies to use recycled metals, especially ferrous metals.
Beyond technological innovations, metals like lithium, copper, and zinc are at the center of industry transformation as a result of the move toward cleaner energy and electrification. Lithium is becoming more affordable and widely available because of new extraction techniques, which are enhancing its use in energy storage applications. For instance, the lithium market is expected to expand by 16.3%, from $7.75 billion in 2024 to $9.01 billion in 2025. Meanwhile, as reported by Zinc.org, the demand for zinc in solar power is predicted to reach 568,000 tons by 2030, demonstrating the rising significance of zinc in renewable energy.
Therefore, the overall metal market is experiencing strong demand, technological breakthroughs, and increased focus on sustainability and clean energy initiatives. Therefore, experts are enticed to pick the best metal stocks with the potential for rapid growth to capitalize on bright future prospects of the market.
Our Methodology
To curate our list of the 7 Best Metal Stocks to Buy According to Analysts, we picked the top companies having a substantial exposure to extraction, processing, and manufacturing of metals. Furthermore, we made sure that we pick companies with strong market capitalization. Finally, we ranked the stocks based on the upside potential predicted by a healthy number of analysts, as of writing this article.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Teck Resources Limited (TECK) the Best Metal Stock to Buy According to Analysts?
A close up of an automated machine processing other Industrial Metals & Mining resources.
Teck Resources Limited (NYSE:TECK)
Average Upside Potential: 21.43%
Number of Hedge Fund Holders: 66
Teck Resources Limited (NYSE:TECK), an industry leader in diversified mining, operates in Chile, Peru, and Canada. Although coal, copper, and zinc are among its primary products, the company is undergoing a major transition. In an effort to slowly lessen its need for coal used in steel production and satisfy the rising demand brought on by the global energy transition, Teck is shifting its focus to copper.
This shift in strategy is already beginning to provide encouraging outcomes. Teck Resources Limited (NYSE:TECK) reported a 40% increase in its sales during the year ended December 31, 2024. A 50% increase in copper output, which reached 446,000 tons, drove this growth. Additionally, stable operations at the Red Dog mine also contributed to a strong increase in zinc output, sales of which rose 24% during Q4 on a YoY basis. The company’s Adjusted EBITDA increased by 104.3% to $2 billion due to strong base metal prices, and its balance sheet was further strengthened by operational cash flow of $1.9 billion.
Furthermore, Teck Resources Limited (NYSE:TECK) is speeding its transition to a pure-play copper producer to capitalize on this momentum. The company was able to concentrate more on its copper portfolio after recently finishing the spin-off of Elk Valley Resources. Additionally, it has planned $1.0-1.2 billion in capital expenditures for 2025, for the early stages of the San Nicolás copper-zinc project in Mexico and the expansion of its QB2 project in order to facilitate this shift. Keeping up with its capital allocation strategy, Teck also paid $1.25 billion through share repurchases and dividends.
Looking ahead, the company is still dedicated to its expansion goals. It plans to invest in its resource growth and exploration in 2025, with an emphasis on increasing the output of zinc and copper. Teck Resources Limited (NYSE:TECK) is in a good position to keep generating wealth for shareholders in the years to come because of its solid asset base and obvious shift towards base metals, which are in high demand.
Overall, TECK ranks 6th on our list of best metal stocks to buy according to analysts. While we acknowledge the potential of TECK, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TECK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
Readers hoping to buy BHP Group Limited (ASX:BHP) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date generally occurs two days before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade can take two business days or more to settle. Accordingly, BHP Group investors that purchase the stock on or after the 6th of March will not receive the dividend, which will be paid on the 27th of March.
The company's next dividend payment will be US$0.50 per share, and in the last 12 months, the company paid a total of US$1.00 per share. Looking at the last 12 months of distributions, BHP Group has a trailing yield of approximately 4.1% on its current stock price of AU$39.60. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether BHP Group has been able to grow its dividends, or if the dividend might be cut.
Check out our latest analysis for BHP Group
If a company pays out more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. BHP Group paid out 55% of its earnings to investors last year, a normal payout level for most businesses. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. Over the last year it paid out 72% of its free cash flow as dividends, within the usual range for most companies.
It's positive to see that BHP Group's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
ASX:BHP Historic Dividend March 3rd 2025Have Earnings And Dividends Been Growing?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're encouraged by the steady growth at BHP Group, with earnings per share up 6.1% on average over the last five years. While earnings have been growing at a credible rate, the company is paying out a majority of its earnings to shareholders. If management lifts the payout ratio further, we'd take this as a tacit signal that the company's growth prospects are slowing.
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. BHP Group has seen its dividend decline 1.5% per annum on average over the past 10 years, which is not great to see.
The Bottom Line
Should investors buy BHP Group for the upcoming dividend? Earnings per share have been growing modestly and BHP Group paid out a bit over half of its earnings and free cash flow last year. All things considered, we are not particularly enthused about BHP Group from a dividend perspective.
If you want to look further into BHP Group, it's worth knowing the risks this business faces. To help with this, we've discovered 2 warning signs for BHP Group (1 doesn't sit too well with us!) that you ought to be aware of before buying the shares.
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
We recently published a list of 7 Best Zinc Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Southern Copper Corporation (NYSE:SCCO) stands against other best zinc stocks to buy according to hedge funds.
Zinc is a vital part of modern industry and plays a major role in galvanizing steel to produce alloys and promote sustainable energy storage. Construction, automotive, healthcare, and even dietary supplements are among its many uses.
Zinc’s importance is on the rise with a renewed focus on sustainable manufacturing, an increasing number of electric vehicles (EVs), and the growth of infrastructure projects. The Business Research Company has reported that the global zinc market will develop significantly. It is expected to rise from $28.82 billion in 2024 to $41.76 billion by 2029, with an annual growth rate of 7.6%.
The market trend further highlights zinc’s upward surge. Over the previous year, zinc futures have risen by 19.63%, increasing from $2,405 per metric ton on February 18, 2024, to $2,877 on February 19, 2025. Refined market fundamentals and investor trust have driven this expansion. In 2024, zinc production stood at 20 million tons, while its consumption stayed consistent at 19 million tons. China, Peru, and India continue to be the lead producers of the metal. However, global trade patterns have shifted, leading to an 11% drop in zinc imports, bringing it down to 4.2 million tons. After continuous growth of two years, exports also showed a decline of 8.5%, down to 4.6 million tons. This decline was mainly caused by a deceleration in the EV market, as vehicle manufacturers started experimenting with other materials. Furthermore, the shift to green energy momentarily disrupted conventional supply chains, leading to variations in zinc trade.
Regardless, zinc demand remains steady in the main industrial sectors. The U.S. and China held their position as the lead importers of the metal during the year. In 2024, it was reported that the USA imported almost 589,000 tons of zinc, making up 14% of total imports, while China imported 441,000 tons, contributing to 11% of total imports. This shows how zinc still plays a key role in infrastructure, the automotive sector, and technology advancements.
As the globe transitions to a low-carbon economy, zinc is becoming a vital facilitator of decarbonization with coatings alone, accounting for 60% of global zinc consumption. The International Zinc Association (IZA) forecasts a 22% increase in zinc demand from the automotive sector, which amounts to an additional 140,000 tons by 2030. This expansion is fueled by the increasing automobile sales in China and India, the surging preference for larger vehicles, and the increased utilization of galvanized steel in electric vehicle manufacturing.
Beyond the automotive industry, zinc’s demand is also increasing in renewable energy. According to Zinc.org, by 2030, solar power infrastructure will require approximately 568,000 tons of zinc, as zinc-coated steel becomes essential in solar arrays and wind turbines. Meanwhile, zinc is increasingly influential in agriculture due to the Zinc Nutrient Initiative (a program with the aim to add zinc fertilizer to soils to significantly increase crop yield, and boost nutritional value in humans), which has created an annual need of 400,000 tons for fertilizers. Moreover, the increasing popularity of zinc-based dietary supplements is boosting market demand.
In parallel, technological progress in zinc recovery and recycling is moving the industry toward sustainability. Innovations in direct leaching and submerged lance technology are improving extraction efficiency while minimizing environmental impact. A significant advancement, named Kobe Steel’s FASTMET process, has achieved a remarkable 95% recovery rate of zinc from steel mill waste and industrial by-products. These innovations are transforming waste into recyclable resources, fostering a circular economy that encourages zinc’s sustainability in the long run.
As the industry progressively emphasizes sustainability, zinc’s significance in infrastructure, energy, and agriculture continues to grow, offering profitable prospects for investors.
Methodology
To compile our list of the 7 Best Zinc Stocks to Buy According to Hedge Funds, we first conducted extensive research to identify companies with significant exposure to the zinc industry. We define exposure in terms of zinc mining, refining, or the production of zinc-based products.
We then extracted the number of hedge fund holders having a stake in the respective companies, as of Q4 2024, using data from Insider Monkey’s hedge fund database. The finalists are stocks with the highest hedge fund interest.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Southern Copper Corporation (SCCO) the Best Zinc Stock to Buy According to Hedge Funds?
A large open-pit mining site, its machinery providing a long-term supply of copper.
Southern Copper Corporation (NYSE:SCCO)
Number of Hedge Fund Holders: 33
Southern Copper Corporation (NYSE:SCCO) is a world-renowned mining company, and its major zinc-producing assets include the Charcas, San Martín, and Santa Bárbara mines in Mexico. Additionally, Southern Copper runs a zinc refinery, strengthening its role in the global zinc supply chain through combined mining, smelting, refining, and production activities.
In the year ended December 31, 2024, Southern Copper Corporation (NYSE:SCCO)’s stellar performance led to record net sales of $11.43 billion, a 15.5% increase from the previous year. This was influenced by higher sales volumes and stronger metal prices. Zinc production increased 98.5% year-over-year to 130,011 tons due to the full ramp-up of the Buenavista Zinc concentrator. Zinc sales also increased by 44.6% to 144,139 tons, contributing to a 39.2% increase in net income to $3.38 billion, while adjusted EBITDA rose 27.4% to $6.41 billion, maintaining a strong 56% margin.
Going forward, Southern Copper Corporation (NYSE:SCCO) is proceeding with a $15 billion investment plan. This will include the El Pilar copper project in Mexico, which will produce 36,000 tons annually using the solvent extraction and electrowinning (SX-EW) technique. Modernization initiatives at Minera Mexico further aim to improve efficiency and sustainability, guaranteeing sustained production growth over the long term.
Southern Copper Corporation (NYSE:SCCO) projects a 32% increase in zinc output in 2025, with ongoing improvements, reaching 171,700 tons. The expansion of its resource base and enhanced cost efficiencies position Southern Copper Corporation as a premier investment option in the zinc industry.
Overall, SCCO ranks 5th on our list of best zinc stocks to buy according to hedge funds. While we acknowledge the potential of SCCO as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SCCO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
We recently published a list of 7 Best Natural Resources Stocks to Invest in According to Hedge Funds. In this article, we are going to take a look at where Teck Resources Limited (NYSE:TECK) stands against other best natural resources stocks to invest in according to hedge funds.
Natural resource stocks are an important part of the global economy, representing mining, energy, and agricultural companies. These industries are the foundation of numerous sectors, providing necessary materials for infrastructure, technology, and transportation. Despite the growing emphasis on renewable energy, fossil fuels, metals, and agricultural resources remain essential for modern economies. According to The Business Research Company, the global mineral market is expected to grow at a compound annual growth rate (CAGR) of 6.2%. This growth emphasizes the long-term importance of natural resources.
The top 40 global mining companies generated a record $943 billion in revenue in 2022, but this figure declined to approximately $792 billion in 2024, owing primarily to fluctuating commodity prices. Despite this, Deloitte reported that between January and mid-November 2024, the oil and gas industry paid out $213 billion in dividends and $136 billion in buybacks, demonstrating the sector’s strong cash returns.
However, the natural resource sector has been experiencing a surge in market activity, driven mainly by commodity price movements and global demand. Precious metals, in particular, have proven to be strong assets. Over the past year, the market’s Gold Index returned 44.59%, while the Silver Index returned 42.01%. These gains have resulted from rising investor interest in safe-haven assets due to inflationary pressures and escalating global trade tensions. As inflation erodes the value of fiat currencies, investors are increasingly turning to gold and silver as safe-haven assets during times of uncertainty.
Moreover, technological advancements such as Floating Liquefied Natural Gas (FLNG) platforms are increasing the efficiency of offshore gas production while reducing reliance on onshore infrastructure. According to Business Wire, global liquefied natural gas (LNG) liquefaction capacity is expected to double by 2028 from 473 million tons per annum (MTPA) in 2023 to 968 MTPA as expansion projects continue. This projected increase indicates that even as the world strives for cleaner energy sources, natural gas will continue to play an important role in the global energy mix.
While efforts to reduce global carbon emissions continue, natural resource companies are adjusting by balancing traditional operations with sustainability initiatives. For example, the UAE has pledged $30 billion to a global finance fund while its banking sector aims to invest $270 billion in green finance by 2030 to support renewable energy growth. Simultaneously, Middle Eastern sovereign wealth funds, which manage $3.8 trillion in assets, are increasingly allocating capital to green investments. This shift has not only reduced fiscal breakeven burdens for energy companies but has also increased regional economic stability.
The chemicals industry is also shifting to sustainability, with renewable production of key chemicals such as ammonia, methanol, and olefins expected to cost between $440 billion and $1 trillion by 2040. According to PwC, this figure could rise to between $1.5 trillion and $3.3 trillion by 2050.
Similarly, innovative zinc recycling techniques have produced a 95% recovery rate from steel mill waste, converting industrial waste into useful recyclable components. Nanotechnology breakthroughs are increasing recovery efficiency in gold mining while reducing environmental impact. These technological advancements demonstrate the growing significance of technology in maximizing resource use and cutting waste, which propels the natural resource industry forward.
Methodology
To compile our list of the 7 Best Natural Resources Stocks to Invest in According to Hedge Funds, we first conducted extensive research to identify companies with significant exposure to the natural resource sector. We defined exposure in terms of mining, energy production, agriculture, or the extraction and processing of key commodities. We then analyzed these companies based on their hedge fund holdings and ranked them based on the number of hedge fund investors who held stakes in these companies, as per the Q4 2024 data from Insider Monkey’s database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Teck Resources Limited (TECK) the Best Natural Resources Stock to Invest in According to Hedge Funds?
A close up of an automated machine processing other Industrial Metals & Mining resources.
Teck Resources Limited (NYSE:TECK)
Number of Hedge Fund Holders: 66
Teck Resources Limited (NYSE:TECK) is a global mining company with operations in North America, Asia, and Europe. The company has established itself as a copper and zinc production leader while also pursuing a strategic shift toward energy transition metals. This shift is part of Teck’s larger strategy to reallocate capital from its steelmaking coal sector to concentrate on metals critical to a clean energy future.
Teck Resources Limited (NYSE:TECK)’s continued success in this transition is demonstrated by its financial performance in the fourth quarter ended December 31, 2024. Favorable base metal prices and record copper production drove the company’s reported adjusted EBITDA of $835 million. Copper sales increased by 24% year-over-year, reaching 124,900 tons, while zinc-in-concentrate sales increased by 24% to 204,000 tons.
With a $385 million profit from continuing operations, Teck’s recovery from a loss in Q4 2023 is especially noteworthy. This recovery was significantly fueled by increased production and improved cost efficiencies. Teck Resources Limited (NYSE:TECK) has been able to provide outstanding returns to its shareholders due to its strong financial performance. In 2024, the company distributed $1.8 billion in dividends and share buybacks.
Moving forward, Teck Resources Limited (NYSE:TECK) anticipates that copper production will continue to increase, with estimates for 2025 ranging from 490,000 to 565,000 tons. However, the company’s zinc division presents difficulties, as zinc-in-concentrate production is expected to drop from 615,900 tons in 2024 to between 525,000 and 575,000 tons in 2025. The Red Dog mine’s deteriorating grades are the main cause of this decline, which will be compounded by the Qanaiyaq pit’s depletion by mid-2025 and impact the annual zinc production. Despite this anticipated drop, Teck is well-positioned to withstand any volatility in base metal prices due to its solid operational performance and ongoing focus on growing its copper portfolio, which further solidifies its position as one of the best natural resource stocks to invest in.
Overall, TECK ranks 6th on our list of best natural resources stocks to invest in according to hedge funds. While we acknowledge the potential of TECK as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TECK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
Written by Amy Legate-Wolfe at The Motley Fool Canada
Teck Resources (TSX:TECK.B) and First Quantum Minerals (TSX:FM) are two of the biggest names in Canadian mining, both listed on the TSX and heavily involved in copper production. While these stocks share similarities, the approaches, financial health, and future prospects differ significantly. For investors eyeing the mining sector, the question remains: which one looks like the better buy today?
Teck stock
Teck Resources has been making strategic moves to focus on copper, a metal increasingly critical for the global energy transition. In 2024, the mining stock sold its steelmaking coal business for US$9 billion, freeing up capital to invest in its copper projects. This shift appears to be paying off. In its latest earnings report, Teck posted adjusted earnings per share of $0.45 for the fourth quarter of 2024, a significant jump from $0.04 the year before. Revenue reached $2.79 billion, reflecting strong copper production and favourable pricing. The mining stock’s quarterly revenue growth of 51.2% year over year highlights the strength of its repositioning strategy.
The future looks even brighter for Teck as it ramps up its copper production. The Quebrada Blanca Phase 2 project in Chile is a cornerstone of this growth. Once fully operational, it could push Teck’s annual copper production to between 490,000 and 565,000 tonnes by the end of 2025. The mining stock is also advancing other projects, including the Zafranal copper-gold project in Peru and the San Nicolás project in Mexico. Both projects are slated for sanction decisions in the latter half of 2025 and, if approved, could further cement Teck’s leadership in copper production.
Financially, Teck appears stable and well-positioned. The mining stock’s balance sheet shows $7.59 billion in cash and a manageable debt load of $9.96 billion, resulting in a debt-to-equity ratio of 36.78%. With a current ratio of 2.88, Teck has ample liquidity to fund its growth projects without compromising financial health. The mining stock also pays a modest dividend, yielding 0.86% annually, with a conservative payout ratio of 17.18%, suggesting room for future increases as earnings grow.
First Quantum
First Quantum Minerals, on the other hand, has faced more challenges. The mining stock hit a major roadblock when it suspended operations at its flagship Cobre Panamá mine in early 2024. Despite this setback, First Quantum demonstrated resilience in its fourth-quarter results. The mining stock reported a gross profit of $405 million and net earnings attributable to shareholders of $99 million, or $0.12 per share. While that represents a slight dip from the previous quarter, it’s impressive considering the operational hurdles the company faced.
Looking ahead, First Quantum is banking on its Kansanshi S3 Expansion project in Zambia. This is now 62% complete and on track for a mid-2025 finish. Once operational, it will significantly boost the mining stock’s copper production and cash flow. The company is also exploring partnerships to support its Zambian assets, a move that could further stabilize its operations. However, First Quantum’s higher debt load remains a concern. With a total debt of $7.78 billion and a debt-to-equity ratio of 65.37%, the company has less financial flexibility compared to Teck.
Foolish takeaway
Dividend investors might lean toward Teck. The company offers a stable payout, while First Quantum currently pays no dividend. Given the challenges at Cobre Panamá and the ongoing need for capital investment, First Quantum is unlikely to reinstate its dividend anytime soon. Furthermore, choosing between the two ultimately depends on an investor’s risk tolerance and outlook for the copper market. Teck offers stability, strong cash flow, and a clear growth path, making it a solid choice for conservative investors. First Quantum, while riskier due to its operational challenges and higher debt, offers significant upside if it can successfully complete its expansion projects and secure long-term partnerships.
For those seeking a lower-risk play with steady growth and dividends, Teck seems like the better bet. Investors willing to take on more risk for potentially higher returns might find First Quantum appealing, especially if copper prices continue to rise. Both mining stocks remain key players in the copper space, yet Teck’s strategic focus and financial stability give it a slight edge in the current market environment.
The post Better Mining Stock: First Quantum vs Teck Resources? appeared first on The Motley Fool Canada.
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2025
Southern Copper (SCCO) closed the most recent trading day at $88.93, moving -1.72% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.59%. Meanwhile, the Dow experienced a rise of 1.39%, and the technology-dominated Nasdaq saw an increase of 1.63%.
Shares of the miner have depreciated by 2.33% over the course of the past month, underperforming the Basic Materials sector's loss of 0.27% and outperforming the S&P 500's loss of 2.42%.
Market participants will be closely following the financial results of Southern Copper in its upcoming release. The company is predicted to post an EPS of $1.26, indicating a 34.04% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.68 billion, indicating a 3.22% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.66 per share and revenue of $11.55 billion, which would represent changes of +7.62% and +1.03%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Southern Copper. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.78% higher within the past month. Southern Copper is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Southern Copper is at present trading with a Forward P/E ratio of 19.41. This expresses a premium compared to the average Forward P/E of 15.66 of its industry.
One should further note that SCCO currently holds a PEG ratio of 1.76. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Mining – Non Ferrous industry held an average PEG ratio of 0.79.
The Mining – Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 35% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).
VANCOUVER, BC, Feb. 28, 2025 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:
The number of issued and outstanding shares of the Company decreased by 1,910,500 to 865,866,926 common shares with voting rights as of February 28, 2025. The decrease in the number of issued and outstanding shares from February 1, 2025 to date is the result of share buybacks completed under the normal course issuer bid, offset by the exercise of employee stock options or the vesting of employee share units.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. In December 2024 the Company announced the sale of its European assets to Boliden. The transaction is expected to close in mid-2025 subject to customary conditions and regulatory approvals.
The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on February 28, 2025 at 15:00 Pacific Time.
Lundin Mining Announces Updated Share Capital and Provides Update on Share Buybacks (CNW Group/Lundin Mining Corporation)
SOURCE Lundin Mining Corporation
Cision
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/28/c1382.html
Soft earnings didn't appear to concern Lundin Mining Corporation's (TSE:LUN) shareholders over the last week. Our analysis suggests that while the profits are soft, the foundations of the business are strong.
View our latest analysis for Lundin Mining
TSX:LUN Earnings and Revenue History February 27th 2025
To understand the value of a company's earnings growth, it is imperative to consider any dilution of shareholders' interests. As it happens, Lundin Mining issued 12% more new shares over the last year. As a result, its net income is now split between a greater number of shares. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. Check out Lundin Mining's historical EPS growth by clicking on this link.
How Is Dilution Impacting Lundin Mining's Earnings Per Share (EPS)?
Unfortunately, Lundin Mining's profit is down 99% per year over three years. Even looking at the last year, profit was still down 95%. Like a sack of potatoes thrown from a delivery truck, EPS fell harder, down 95% in the same period. Therefore, the dilution is having a noteworthy influence on shareholder returns.
If Lundin Mining's EPS can grow over time then that drastically improves the chances of the share price moving in the same direction. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit.
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
How Do Unusual Items Influence Profit?
Alongside that dilution, it's also important to note that Lundin Mining's profit suffered from unusual items, which reduced profit by US$276m in the last twelve months. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If Lundin Mining doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.
Our Take On Lundin Mining's Profit Performance
Lundin Mining suffered from unusual items which depressed its profit in its last report; if that is not repeated then profit should be higher, all else being equal. But unfortunately the dilution means that shareholders now own a smaller proportion of the company (assuming they maintained the same number of shares). That will weigh on earnings per share, even if it is not reflected in net income. Considering the aforementioned, we think that Lundin Mining's profits are probably a reasonable reflection of its underlying profitability; although we'd be confident in that conclusion if we saw a cleaner set of results. If you want to do dive deeper into Lundin Mining, you'd also look into what risks it is currently facing. Case in point: We've spotted 3 warning signs for Lundin Mining you should be aware of.
Our examination of Lundin Mining has focussed on certain factors that can make its earnings look better than they are. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
FCX stock rose on an executive order late Tuesday that could lead to Trump tariffs on copper, but it won’t happen soon.
Release Date: February 25, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Aurelia Metals Ltd (AUMTF) reported a 34% reduction in total reportable injuries, highlighting improved safety performance.
The company achieved stronger operational performance with the assistance of higher gold prices, contributing to profitability.
Aurelia Metals Ltd (AUMTF) reported a healthy cash balance of 96.7%, indicating strong financial health.
The Federation project is on track and within budget, with commercial production expected in the second half of FY25.
The company has successfully managed to lower group operating costs compared to the previous fiscal year, enhancing cost efficiency.
Negative Points
Gold production of 215,000 ounces was slightly behind the planned target due to the sequence of high-grade gold stoke.
The company is facing challenges with inflationary pressures affecting wages and mining construction materials.
There is a need for significant work in terms of productivity improvement and reducing relative costs.
The CapEx for the Great Cobar project may be impacted by the current higher inflationary environment.
The company is still managing the transition to commercial production at Federation, with some uncertainties around timing.
Q & A Highlights
Q: When is Aurelia Metals anticipating to hit commercial production for the Federation project? A: Martin Cummings, CFO, stated that commercial production is expected in the fourth quarter of the current fiscal year, with a possibility of achieving it by July 1st.
Q: How is Aurelia Metals addressing inflationary pressures on the Great Cobar project? A: Brian Quinn, CEO, mentioned that while inflationary pressures are present, the team is optimizing capital costs and the mining sequence remains similar, with efforts to mitigate these impacts ongoing.
Q: Can you explain the financing cost of $8.3 million? A: Martin Cummings, CFO, explained that this includes the performance bond margin and amortization costs related to the refinancing done in 2023.
Q: What is the expected timeline for capital expenditure on the Great Cobar and plant expansion projects? A: Brian Quinn, CEO, indicated that capital expenditure is likely to commence in FY26, with costs spread over a two-year period as the declines and shafts are developed.
Q: How does the capital requirement for Great Cobar compare to Federation? A: Brian Quinn, CEO, noted that Great Cobar benefits from existing infrastructure, which reduces capital costs compared to Federation, which was developed from scratch.
Q: Has the processing of ore from Federation continued through January and February? A: Brian Quinn, CEO, confirmed that processing is ongoing, with bulk campaigns planned for March and April to optimize ore blending and processing.
Q: Is infill drilling a normal part of mine design as resources are updated? A: Brian Quinn, CEO, explained that infill drilling is standard practice to refine resource models and optimize mine design for productivity and cost efficiency.
Q: What are the plans for the Hera processing plant? A: Brian Quinn, CEO, stated that the Hera plant is being considered for future options, including potential toll processing for third parties, as the company focuses on optimizing existing projects.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.
Lundin Mining (TSE:LUN) Full Year 2024 ResultsKey Financial Results
Revenue: US$3.42b (up 25% from FY 2023).
Net income: US$11.1m (down 95% from FY 2023).
Profit margin: 0.3% (down from 7.4% in FY 2023).
EPS: US$0.014 (down from US$0.26 in FY 2023).
LUN Production and Reserves
Copper
Production: 0.25 Mt (0.22 Mt in FY 2023)
Proved and probable reserves (ore): 3,391 Mt (3,179 Mt in FY 2023)
Number of mines: 4 (6 in FY 2023)
Zinc
Production: 0.192 Mt (0.185 Mt in FY 2023)
Proved and probable reserves (ore): 50.07 Mt (53.82 Mt in FY 2023)
Number of mines: 2 (2 in FY 2023)
Gold
Production: 139.4 troy koz (131 troy koz in FY 2023)
Proved and probable reserves (ore): 2,466 Mt (2,269 Mt in FY 2023)
Number of mines: 2 (2 in FY 2023)
TSX:LUN Revenue and Expenses Breakdown February 25th 2025
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lundin Mining Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 161%.
The primary driver behind last 12 months revenue was the Candelaria – Chile segment contributing a total revenue of US$1.62b (47% of total revenue). Notably, cost of sales worth US$1.91b amounted to 56% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$769.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how LUN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are down 2.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Lundin Mining, and understanding them should be part of your investment process.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Teck Resources Limited TECK reported fourth-quarter 2024 adjusted earnings per share (EPS) of 33 cents, beating the Zacks Consensus Estimate of 22 cents. The bottom line marked a substantial improvement from the earnings per share of 3 cents in the year-ago quarter. The last year’s quarter’s earnings has been adjusted by Teck Resources to reflect the sale of the steelmaking coal business or Elk Valley Resources (“EVR”) in the third quarter of 2024. Including the business, earnings in the fourth quarter of 2023 was previously at $1.02.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The increase was primarily led by higher base metal prices and increased copper and zinc in concentrate sales volumes.Including one-time items, the company reported EPS of 56 cents in the fourth quarter of 2024 compared with the year-ago quarter’s EPS of 68 cents.
Teck Resources Ltd Price, Consensus and EPS Surprise
Teck Resources Ltd price-consensus-eps-surprise-chart | Teck Resources Ltd Quote
TECK’s Q4 Sales Rise Y/Y, Margins Improve
Net sales amounted to $1.99 billion, indicating a 47% year-over-year improvement. The top line surpassed the consensus estimate of $1.86 billion.The gross profit was CAD$542 million ($387 million), skyrocketing 256.6% from the year-ago quarter. The gross margin was 19.5% compared with the year-ago quarter’s 8.2%.The adjusted EBITDA was CAD$835 million ($596 million), which soared 160% from the year-earlier period. The EBITDA margin was 30% in the quarter under review compared with the year-ago quarter’s 17.4%.
Teck Resources’ Q4 Segmental Performances
The Copper segment’s net sales improved 46.6% year over year to CAD1.67 billion ($1.19 billion), attributed to higher production and copper prices.Total copper production was a record 122,100 tons, 18.4% higher than the fourth quarter of 2024. Copper in concentrate production from QB was 60,700 tons in the fourth quarter, reflecting an ongoing ramp-up from 52,500 tons in the third quarter of 2024.The segment’s gross profit skyrocketed 269% year over year to CAD$299 million ($214 million), attributed to higher copper prices and sales volume, offset by the depreciation of QB assets.The Zinc segment’s net sales jumped 58.6% year over year to CAD$1.11 billion ($0.79 billion) on improved zinc prices and sales volumes. The segment’s gross profit marked a year-over-year surge of 242% to CAD$243 million ($176 million). This was attributed to higher zinc prices, lower zinc treatment charges, and substantially advanced silver and lead by-product revenues.
TECK’s Cash Flow & Balance Sheet
Teck Resources generated a cash flow of CAD$1.29 billion ($0.92 billion) from operating activities in the fourth quarter of 2024, up 14.4% year over year. The company had cash and cash equivalents of CAD$7.59 billion ($5.12 billion) at the end of 2024 compared with CAD$0.7 billion at the end of 2023. The upside was driven by the sale of EVR in 2024.
Teck Resources’ Guidance
The company’s copper production is anticipated to be 490,000-565,000 tons. The zinc production is projected between 525,000 tons and 575,000 tons. Refined zinc is estimated between 190,000 tons and 230,000 tons.
TECK’s FY24 Results
Teck Resources reported an adjusted EPS of $1.91 in 2024, beating the Zacks Consensus Estimate of $1.63. The company provided restated adjusted earnings per share of 41 cents for 2023.Including one-time items, the company reported an EPS of 57 cents in 2024 compared with $3.40 in 2023.Net sales amounted to $6.48 billion in 2024, indicating a 40% year-over-year increase. The top line beat the Zacks Consensus Estimate of $6.31 billion.
Teck Resources Stock’s Price Performance
The company’s shares have gained 7.5% in the past year against the industry’s 1.5% decline.
Zacks Investment Research
Image Source: Zacks Investment Research
TECK’s Zacks Rank
Teck Resources currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Teck Resources’ Peer Performances
Reliance, Inc. RS recorded earnings of $2.22 per share, down from $4.73 a year ago. It lagged the Zacks Consensus Estimate of $2.74.The company recorded net sales of $3.13 billion, down 6.3% year over year. The top line beat the Zacks Consensus Estimate of $3,079 million. RS benefited from higher shipments amid headwinds from weaker metals pricing in the quarter.Nexa Resources S.A. NEXA reported a fourth-quarter 2024 adjusted loss per share of $1.00, missing the Zacks Consensus Estimate of earnings of 35 cents. NEXA incurred a loss of 1 cent in the year-ago quarter. Nexa Resources posted sales of $740.9 million, beating the Zacks Consensus Estimate of $700 million. It reported sales of $630 million in the year-ago quarter.Cameco Corporation CCJ posted fourth-quarter 2024 adjusted earnings per share of 26 cents, beating the Zacks Consensus Estimate of earnings of 23 cents. CCJ reported an EPS of 15 cents in the year-ago quarter.CCJ posted sales of $846 million, beating the Zacks Consensus Estimate of $753 million. It reported sales of $620 million in the year-ago quarter.
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This article originally published on Zacks Investment Research (zacks.com).
WHITE ROCK, BC / ACCESS Newswire / February 24, 2025 / Honey Badger Silver Inc. (TSXV:TUF)(OTCQB:HBEIF) ("Honey Badger" or the "Company") is pleased to announce that based on geological and geophysical criteria, six (6) high priority exploration targets have been identified, comprising two (2) high priority conductors (R-6 and R-9), and 11 lower priority conductors located on the current Raptor claim block (see Figure 1) and an additional four (4) high priority conductors (M-1, M-2, M-3 and M-6) and 10 lower priority conductors located on the current main Yava claim (and lease) block (see Figure 2). These targets have not yet been drill-tested.
Conductor M-3, located 1.25km northwest of the Yava Main Zone, has a 500m strike length and is associated at surface with mineralization in outcrop where a grab sample assay in 2007, returned values of 1.2 ppm gold (Au), 4,960 ppm silver (Ag), 3.5% lead (Pb) and 1.5% zinc (Zn)* (see Figure 3).
Another sample, collected in 2004, located 650 m north of the M-3 target/conductor, comprised sulphide-rich mineralization that was later named the Yava North Zone and returned analytical values of 0.17 ppm Au and 3,452 ppm Ag* (see Figure 3). Geological evidence suggests that the silver-rich sulphide mineralization at the M-3 and Yava North zones represent part of a significant volcanogenic massive sulphide (VMS) footwall stringer zone that appears to be a northwestern projection of the Yava Main Zone mineralized horizon. This second mineralized system on the main Yava claim/lease block, along with the remainder of the strike extent of the Yava Main Zone mineralized horizon, represents an additional priority for future exploration at the property.
The identification of these targets enhances the discovery potential of the Yava Project, where the Company tripled its land position by staking claims over favorable ground shortly after acquiring the property in October 2024.
The Company's CEO, Dorian L. (Dusty) Nicol, commented, "The identification of these targets confirms our belief that Yava has tremendous discovery potential above and beyond the currently identified historical resource. The project's location only 45 kilometres from Glencore's Hackett River project, one of the largest undeveloped silver resources in the world (113 million ounces Indicated plus 232 million ounces Inferred) and on the same belt of volcanic rocks, testifies to the favorable geology and discovery potential of Yava. We are continuing data review and planning a field program to field check these new targets and continue advancing Yava toward a new discovery."
Figure 1. High and low priority geophysical targets on the Raptor Zone claim block.
Figure 2. High and low priority geophysical targets on the Yava Main Zone claim/lease block.
Figure 3. Yava Main Zone compilation with priority exploration targets.
*Grab rock samples, by their nature, are selective samples and may not represent underlying mineralization.
About Honey Badger Silver Inc.
Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (2,3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources and the Company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral resources.
(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper, and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51 grams/tonne gold.
(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.
(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO
For more information please visit our website www.honeybadgersilver.com or contact Mrs. Sonya Pekar for Investor Relations | spekar@honeybadgersilver.com | +1 (647) 498-8244.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Such factors include, but are not limited to, risks relating to capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Honey Badger Silver Inc.
View the original press release on ACCESS Newswire
Written by Amy Legate-Wolfe at The Motley Fool Canada
If you’re looking to kick off 2025 with a smart investment, putting $500 into a couple of strong Canadian stocks could be a great way to start the year. While tech stocks and artificial intelligence (AI) plays often get the spotlight, the real opportunities might be in the commodities sector. Two Canadian stocks that stand out are Teck Resources (TSX:TECK.B) and Lundin Mining (TSX:LUN). Both are well-established players in the mining industry, and with the global demand for metals expected to rise, could be solid picks for investors looking for long-term growth.
Teck
Teck Resources is one of Canada’s largest diversified mining companies, producing copper, zinc, and energy products. Teck’s stock price reflects steady growth as the Canadian stock continues to expand operations, particularly in copper production, which is crucial for everything from electric vehicles to renewable energy projects. The company’s most recent earnings report showed earnings per share of $0.42, which exceeded analyst estimates of $0.27. This strong performance highlights Teck’s ability to navigate volatile commodity markets while maintaining profitability.
Looking ahead, Teck has ambitious plans for 2025. The Canadian stock is increasing its copper production, expecting higher ore grades and improved efficiencies to drive growth. With global demand for copper surging due to the energy transition, Teck is in a strong position to capitalize on these trends. Moreover, the Canadian stock has a healthy balance sheet, with $7.2 billion in cash and a current ratio of 2.9, meaning it has plenty of liquidity to weather any short-term economic fluctuations.
Lundin
Lundin Mining is another standout choice for investors looking to get exposure to the mining sector. The Canadian stock focuses on base metals like copper, zinc, and nickel, all of which are essential for the modern economy. While Lundin operates on a smaller scale compared to Teck, its production levels have been impressive. The Canadian stock recently announced record-breaking production numbers, hitting 369,067 tonnes of copper and 191,704 tonnes of zinc for 2024, aligning with their previous guidance.
Looking forward to 2025, Lundin has projected copper production between 303,000 and 330,000 tonnes. The Canadian stock expects its consolidated cash costs to range from $2.05 to $2.30 per pound, indicating that it is maintaining efficiency even as production levels fluctuate. With demand for base metals expected to remain high, particularly in sectors like electric vehicles, construction, and electronics, Lundin is well-positioned to deliver steady growth.
A winning pair
Both Teck and Lundin benefit from strong commodity prices and global demand for metals. Copper, in particular, is expected to see sustained growth as governments and industries invest heavily in clean energy infrastructure. While commodity stocks can be volatile, these two Canadian stocks have solid financials and clear growth plans. Making them compelling options for investors looking to start the year with a strong position in the market.
For investors with $500 to invest, splitting it between these two stocks could be a smart move. Teck offers the stability and scale of a large-cap mining company, while Lundin provides exposure to a more focused base metals operation with significant growth potential. Together, these offer a balanced way to gain exposure to the ongoing demand for essential resources.
Bottom line
Of course, all investments come with risks, and commodity stocks can be sensitive to fluctuations in global economic conditions, trade policies, and supply chain disruptions. However, both Teck and Lundin have shown resilience in past downturns. And long-term growth prospects remain strong. For those willing to ride out short-term volatility, these Canadian stocks could deliver strong returns in the years to come.
The post Got $500? Buy These Canadian Stocks to Supercharge 2025 appeared first on The Motley Fool Canada.
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More reading
It’s Time to Buy: 1 Canadian Stock That Hasn’t Been This Cheap in Years
5 Years From Now, You’ll Probably Wish You Grabbed These Stocks
Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
2025
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