Base Metals Archives - Page 12 of 97

WHITE ROCK, BC / ACCESS Newswire / March 25, 2025 / Honey Badger Silver Inc. (TSXV:TUF)(OTCQB:HBEIF) ("Honey Badger" or the "Company") announces an update on its 100%-owned Nanisivik project, located on Baffin Island, Nunavut. The Nanisivik mine produced over 20 million ounces of silver between 1976 and 2002(3). Over 100 million tonnes of massive sulphide (principally pyrite) (3), were left unmined when the mine closed to depressed zinc and silver prices. Since Nanisivik's closure in 2002, silver and zinc prices are up over 600% and 200% respectively. In addition, since the mine's closure, a deep-water port has been constructed within only kilometres of Nanisivik, as a result of renewed interest from the governments of both Canada and the United States in developing the Arctic.

The company is continuing a comprehensive review of historical exploration and development data from the Nanisivik Project. To date, three priority targets have been identified, including the Deb, Ocean View North, and Area 14. A review of historical exploration drilling at the former mine site identified a number of significant drill intersections located outside mined areas. These discoveries were not followed up at the time due to the focus on production. Thus, each of these represents a priority target, and has the potential with step-out drilling to be the basis of a new economic resource. A selection of significant silver and/or zinc mineralized intercepts from these priority target areas is provided in the table below and the locations of drillholes with significant intersections are illustrated in the figures below.

Honey Badger's CEO, Dorian L. (Dusty) Nicol, commented, "The identification of these targets further reinforces our belief that Nanisivik has great potential to host significant unmined silver-zinc resources within the over 100 million tonnes of massive sulphide that occur on the property. Indeed, mine reports indicate that approximately 5 million tonnes of zinc-silver mineralization were left unmined in the main workings due to low metals prices at the time. We are particularly encouraged to uncover high-grade, shallow intersections from within just 20 metres of surface in unmined target areas, such as the Ocean View North Target, where historic drilling returned 97.6 g/t Ag and 22.8% Zn over 5.3 metres. Nanisivik was profitable at the much lower silver and zinc prices of 1976-2002. One can imagine how profitable it would be today with much higher commodity prices and better infrastructure access, particularly the construction of a deep-water port within only kilometres of the deposit, completed since the mine was shut down. There also remains the potential for significant germanium and gallium mineralization, which was not evaluated by previous operators. It is worth noting that Fireweed Metals Corp. recently attracted up to $34.5 million in funding for critical metals development at its Macmillan Pass deposit from the Canadian and U.S governments (Fireweed Metals Corp. news release dated December 13, 2024). Nanisivik and Macmillan Pass share some aspects of geologic setting and contain a similar mix of metals. In addition, the massive pyrite body itself is a potentially economic resource as an industrial source of sulphuric acid. The construction of a deep-water port within only kilometres of the deposit makes this huge deposit of massive pyrite potentially economic in itself, in light of the foreseen global shortage of sulphuric acid. The Company will be commissioning a desk study to evaluate this possibility. There remains a great deal of available data that the Company is working its way through. Some of this may be appropriate for more advanced evaluation techniques, including AI tools. The Company will continue to issue updates on the results of these investigations."

Deb TargetThe Deb target area is located approximately 3 km southwest of the main orebody at Nanisivik. The Company has examined data from 15 drillholes completed in this area in the 1980's and 1990's. Significant silver (Ag) and zinc (Zn) intersections include; hole 90-51 which intersected 1.3m of 54.9 grams of silver per tonne (g/t Ag) and 5.74% Zn, hole 90-59 which intersected 0.7m of 263 g/t Ag and 34.6% Zn, and hole 91-19 which intersected 0.6m of 290 g/t Ag and 43.0% Zn.

Ocean View North TargetSimilar to the Deb target (above), there are no indications of any mining having been completed at the Ocean View North target area, which is located approximately 1.7km east northeast from the main Nanisivik orebody and some 400m north of the historically mined main Ocean View zone (see Figure below). At the Ocean View North area, data from some 72 historical exploration drillholes was examined and a cluster of significant Ag-Zn intersections were identified at the northern extent of the drilling. Significant silver (Ag) and zinc (Zn) intersections at the Ocean View North target area include hole 87-63 intersected 5.3m of 97.6 g/t Ag and 22.79% Zn, hole 90-28 which intersected 1.3m of 116 g/t Ag and 20.3% Zn.

Area 14The Area 14 target is located approximately ~1.8km southeast of the main Nanisivik orebody (see Figure below). Historical data indicates that a small stope was previously mined at Area 14. However, Honey Badger has examined the data from a cluster of 27 historical drillholes located immediately east and northeast of the historically mined area where a number of significant Ag-Zn intersections have been identified, including; hole A14_85-08 which intersected 2.3m of 280.0 g/t Ag and 27.43% Zn, hole A14_85-10 which intersected 2.3m of 239.3 g/t Ag and 6.10% Zn, and hole 86-191 which intersected 3.0m of 143.3 g/t Ag and 26.16% Zn.

Massive PyriteThe massive pyrite bodies, within which the mined mineralization and the new target areas occur, comprise over 100 million tonnes of massive sulphide, in addition to the almost 18 million tonnes that were mined between 1976 and 2002. They occur as linear, lenticular bodies of massive sulphide, at least 9 of which outcrop at surface. The map below shows the locations of the massive pyrite bodies.

Locations of Historical Drillholes with Significant Ag-Zn Intersections in Unmined Areas at the Nanisivik Project

Table of Historical Drillholes with Significant Ag-Zn Intersections at Unmined Areas at the Nanisivik Project

Locations of Massive Sulphide Bodies at the Nanisivik Project (3)

Nanisivik PropertyThe Company has recently increased the size of its mineral tenure around the past producing Nanisivik Mine on Baffin Island, Nunavut, which now comprises a total of 14 mineral claims covering some 13,373.2 hectares (ha). The Company's original Nanisivik Property comprised 4 claims totaling 5,722.8 ha that cover the former mine site. The company has staked an additional 10 claims totaling 7650.4 ha at and around the Nanisivik area. These claims cover geophysical anomalies identified during the Company's review of the historic data base (see news release dated September 16, 2024). The new claims comprise a further 3 claims that have added 1174.2 ha to the original Nanisivik claim block, 2 claims (1710.4 ha) covering the Chris Creek target located approximately 19 km southeast of Nanisivik, and further 5 claims (4765.8 ha) covering historical geophysical anomalies (conductors) in and around the Adams Sound and Adams River target areas approximately 40 km and 55 km, respectively, southeast of Nanisivik.

About NanisivikThe Nanisivik Mine (near Arctic Bay, Nunavut) produced over 20 million ounces of silver between 1976 and 2002, from 17.9 million tons of ore, grading 9% zinc, 0.72% lead, and 35 grams per tonne silver (3). In addition to the polymetallic orebody, previous exploration identified massive sulphide bodies (principally pyrite) still in place, totaling about 100 million tonnes (3), containing locally anomalous base metal and silver values.

Qualified PersonTechnical information in this news release has been approved by Dorian L. (Dusty) Nicol, the Company's CEO (PG, FAusIMM), who is a Qualified Person (QP) for the purpose of National Instrument 43-101.

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 BOARDDorian 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 InformationThis 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

We recently published a list of 12 Best Global ETFs to Buy. In this article, we are going to take a look at where Global X Copper Miners ETF (NYSE:COPX) stands against other best global ETFs.

The ETF industry experienced remarkable growth in 2024, with global assets under management (AUM) reaching $14.8 trillion by the fourth quarter. While strong equity market performance contributed to this increase, record-breaking net inflows of $1.88 trillion were the primary driver. This growth was fueled by innovation from ETF and ETP providers, along with increasing investor adoption across different markets, investment styles, and investor types. The factors that have supported the industry’s expansion over the past 30 years, such as transparency, competitive fees, liquidity, and tax benefits in regions like the US, Ireland, and Luxembourg, continue to attract capital.

Europe played a significant role in ETF growth, with AUM nearing $2.3 trillion by the end of 2024, boosted by the rise of online retail savings accounts, as reported by Ernst & Young. European ETFs expanded at a faster pace than the US market, reflecting their smaller share of registered funds at around 12% compared to approximately 25% in the US. The United States remained a major force in global ETF growth, surpassing $10 trillion in AUM by year-end. Other key markets, including Canada, Japan, Australia, Korea, and Taiwan, also saw steady expansion. Active ETFs were largely popular, accounting for a growing share of the European ETF market and representing 8% of US ETF AUM. In the US, active ETFs drove nearly half of all net inflows in 2024.

Institutions heavily sold equities toward the end of 2024, while capital continued to flow into index funds, ETFs, and passive investment strategies. In December, institutional investors sold a net $50.2 billion in equities, a nearly 50% increase from November, making it the highest monthly sell-off of the year, according to S&P Global Market Intelligence. Thomas McNamara, director of issuer solutions at S&P Global Market Intelligence, commented:

“This selling activity intensified toward the year's end, highlighting 2024 as a pivotal year for index investing. As stock pickers continued to reduce their allocations to individual securities, the post-election market rally provided further motivation for broad-based investment strategies.”

At the same time, index funds and ETFs remained net buyers, purchasing $25.89 billion in stocks in December 2024. Though lower than November’s $43.21 billion, the figure remained close to the 12-month average of $24.44 billion. Going into 2025, institutional selling is expected to persist, while index funds and ETFs are likely to continue buying. A shift back to active institutional management appears unlikely unless market conditions change.

Noel Archard, Global Head of ETFs and Portfolio Solutions at AllianceBernstein, highlighted key trends shaping the ETF market in 2025. Growth is accelerating worldwide, with the US active ETF market expected to surpass $3 trillion in the next three years. Investors are increasingly using ETFs for both strategic and tactical portfolio adjustments, particularly in response to market shifts. Active ETFs are a major driver of this growth, expanding beyond fixed-income products into equities, enhanced income strategies, and alternative investments. Regulatory changes in markets are also facilitating their adoption. Meanwhile, passive ETFs continue to grow steadily, having long been a dominant force in the industry. The removal of barriers in certain markets is expected to unlock further demand for active ETFs. Additionally, the rising adoption of model portfolios reinforces ETFs, both active and passive, as efficient investment tools, because investors recognize their advantages over mutual funds and separately managed accounts.

Global X Copper Miners ETF (COPX): Among The Best Global ETFs To Buy

A large open-pit mining site, its machinery providing a long-term supply of copper.

Our Methodology

We curated our list of the best global ETFs by choosing consensus picks from multiple credible websites. These funds offer exposure to a basket of global/international stocks. We have mentioned the 5-year share price performance of each ETF as of March 21, 2025, ranking the list in ascending order of the share price performance. Additionally, we discuss the top holdings of these ETFs to give investors deeper insights. Hedge fund sentiment from Insider Monkey’s Q4 2024 database for each holding is also included.

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).

Global X Copper Miners ETF (NYSE:COPX)

5-Year Share Price Performance as of March 21: 307.93%

Global X Copper Miners ETF (NYSE:COPX) gives investors exposure to a diverse range of copper mining firms. It aims to deliver investment results that follow the performance of the Solactive Global Copper Miners Total Return Index. Established on April 19, 2010, the fund has net assets of $2.9 billion as of March 19, 2025, and its portfolio includes 39 stocks. Global X Copper Miners ETF (NYSE:COPX) offers an expense ratio of 0.65%.

Southern Copper Corporation (NYSE:SCCO) is among the top holdings of the Global X Copper Miners ETF (NYSE:COPX). The company is involved in the mining, exploration, smelting, and refining of copper and other minerals across Peru, Argentina, Chile Mexico, and Ecuador. On March 13, UBS analyst Myles Allsop raised Southern Copper Corporation (NYSE:SCCO)’s rating from Neutral to Buy, while setting a price target of $120. His positive outlook is based on expectations of a copper market deficit driving prices higher and projected volume growth from the SCCO’s Tia Maria project, which could contribute around 10% growth over the next few years.

According to Insider Monkey’s Q4 database, 33 hedge funds were bullish on Southern Copper Corporation (NYSE:SCCO), an increase from 25 funds in the preceding quarter. Fisher Asset Management held the biggest position in the company, with 2.9 million shares worth over $268.2 million.

Overall, COPX ranks 1st on our list of the best global ETFs. While we acknowledge the potential of COPX to grow, 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 COPX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

Disclosure: None. This article is originally published at Insider Monkey.

Key Insights

The projected fair value for BHP Group is AU$54.45 based on 2 Stage Free Cash Flow to Equity
BHP Group is estimated to be 27% undervalued based on current share price of AU$39.54
Analyst price target for BHP is US$44.32 which is 19% below our fair value estimate

In this article we are going to estimate the intrinsic value of BHP Group Limited (ASX:BHP) by estimating the company's future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.

Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

The Model

We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars:

10-year free cash flow (FCF) forecast

	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Levered FCF ($, Millions)	US$7.82b	US$8.09b	US$7.28b	US$9.58b	US$9.80b	US$10.0b	US$10.3b	US$10.5b	US$10.8b	US$11.1b
Growth Rate Estimate Source	Analyst x9	Analyst x9	Analyst x8	Analyst x2	Analyst x1	Est @ 2.30%	Est @ 2.43%	Est @ 2.52%	Est @ 2.59%	Est @ 2.63%
Present Value ($, Millions) Discounted @ 7.7%	US$7.3k	US$7.0k	US$5.8k	US$7.1k	US$6.8k	US$6.4k	US$6.1k	US$5.8k	US$5.6k	US$5.3k

("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$63b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.7%. We discount the terminal cash flows to today's value at a cost of equity of 7.7%.

Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$11b× (1 + 2.7%) ÷ (7.7%– 2.7%) = US$231b

Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$231b÷ ( 1 + 7.7%)10= US$110b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$173b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of AU$39.5, the company appears a touch undervalued at a 27% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

ASX:BHP Discounted Cash Flow March 24th 2025Important Assumptions

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at BHP Group as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.7%, which is based on a levered beta of 1.140. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

See our latest analysis for BHP Group

SWOT Analysis for BHP Group

Strength

Earnings growth over the past year exceeded the industry.

Debt is not viewed as a risk.

Dividends are covered by earnings and cash flows.

Weakness

Dividend is low compared to the top 25% of dividend payers in the Metals and Mining market.

Opportunity

Good value based on P/E ratio and estimated fair value.

Threat

Annual earnings are forecast to decline for the next 3 years.

Moving On:

Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price sitting below the intrinsic value? For BHP Group, there are three essential items you should assess:

Risks: Be aware that BHP Group is showing 2 warning signs in our investment analysis , and 1 of those is significant…

Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for BHP's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors.

Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the ASX every day. If you want to find the calculation for other stocks just search here.

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.

Written by Amy Legate-Wolfe at The Motley Fool Canada

Canada’s energy sector has been under pressure recently, and investors are feeling the impact. The industry has been dealing with a series of challenges, including market volatility, shifting government policies, and now, potential trade disruptions. One of the biggest concerns comes from the recent threat of U.S. tariffs on Canadian crude oil imports. If these tariffs go through, Canadian oil producers could face higher costs, reduced exports, and lower demand from the country’s largest trading partner. This uncertainty has slowed investment decisions and put additional strain on an already challenged sector.

A drop in energy

This situation has already had a significant effect on Canada’s stock market. The energy sector has seen a sharp 5.4% decline in recent weeks, dragging down the TSX from its previous all-time highs. While energy stocks have had a strong run over the past year, this recent pullback has investors wondering whether it’s time to adjust their portfolios. The reality is that energy stocks are inherently volatile, influenced not only by global supply and demand but also by geopolitical risks and trade policies.

If you’re an investor who holds a large portion of your portfolio in Canadian energy stocks, this downturn might be concerning. However, there are ways to manage the risk and protect your investments from further declines. The best strategy is diversification – allocating your funds across different industries that are less affected by these sector-specific issues. One sector that has shown resilience amid these uncertainties is materials, particularly mining and metals. Companies in this space produce essential resources that are always in demand, and some have even benefited from recent market trends.

Mining and metals

A prime example is Teck Resources Limited (TSX: TECK.B), one of Canada’s largest mining companies. It has exposure to multiple commodities, including copper, zinc, and steelmaking coal. While the energy sector has struggled, Teck has managed to perform well due to the growing demand for metals, particularly copper. The transition toward green energy, electric vehicles, and infrastructure development has increased global copper consumption, giving Teck an edge in the current market.

Teck’s most recent earnings report for Q4 2024 showed that it exceeded profit expectations, largely driven by higher copper production. The TSX stock produced 122,100 tonnes of copper in the quarter, marking a 19% increase from the previous year. A key contributor to this growth was the Quebrada Blanca mine in Chile, which accounted for 60,700 tonnes of production.

Looking ahead, Teck has ambitious plans for further expansion. The TSX stock is investing in a de-bottlenecking project at Quebrada Blanca, aiming to increase throughput by 10–15% over the next few years. It expects total copper production for 2025 to range between 490,000 and 565,000 tonnes. This would further solidify its position as a top player in the industry.

Consumer staples

Another way to hedge against energy sector volatility is by considering consumer staples. Alimentation Couche-Tard (TSX: ATD), a global convenience store operator, is an example of a stable TSX stock that can provide steady returns even when other sectors struggle. The company has a strong track record of profitability and expansion, making it a good defensive play during uncertain times.

Similarly, Loblaw Companies (TSX: L), Canada’s largest grocery retailer, has historically performed well in both bull and bear markets. The demand for food and household essentials remains steady, providing stability in a portfolio. While these types of TSX stocks won’t deliver the high-growth potential of energy or mining, they help create a well-rounded investment strategy that can weather market turbulence.

Bottom line

The energy sector’s struggles highlight the importance of not putting all your eggs in one basket. While oil and gas stocks have had strong performance over the years, they come with risks that can sometimes be unpredictable. By diversifying into materials, consumer staples, and other less-volatile industries, you can protect your portfolio from sudden downturns. Market downturns can be nerve-wracking, but they also create opportunities. By adjusting your investment strategy and focusing on well-positioned companies, you can navigate the challenges ahead while still positioning yourself for long-term success.

The post Why This Canadian Sector Is Plummeting and How to Protect Your Portfolio appeared first on The Motley Fool Canada.

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2025

In the latest market close, Southern Copper (SCCO) reached $100.41, with a +1.2% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw an increase of 0.52%.

Heading into today, shares of the miner had gained 1.43% over the past month, outpacing the Basic Materials sector's loss of 1.45% and the S&P 500's loss of 7.33% in that time.

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 $1.05 per share, which would represent year-over-year growth of 11.7%. Alongside, our most recent consensus estimate is anticipating revenue of $2.79 billion, indicating a 7.48% upward movement from the same quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.65 per share and a revenue of $11.7 billion, representing changes of +7.39% and +2.31%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Southern Copper. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.79% higher. At present, Southern Copper boasts a Zacks Rank of #3 (Hold).

Investors should also note Southern Copper's current valuation metrics, including its Forward P/E ratio of 21.32. This represents a premium compared to its industry's average Forward P/E of 18.96.

It's also important to note that SCCO currently trades at a PEG ratio of 1.93. 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 0.89 at yesterday's closing price.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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Teck Resources Ltd

VANCOUVER, British Columbia, March 21, 2025 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has released its 24th annual Sustainability Report, highlighting the company’s 2024 performance in key areas, including support for communities, Indigenous Peoples, health and safety, diversity and climate.

“This report details our environmental and social performance as we focus on responsibly delivering the critical minerals the world needs for economic growth and energy security,” said Jonathan Price, President and CEO.

Teck’s 2024 Sustainability Report is prepared in accordance with the Global Reporting Initiative (GRI) Standards for the period January 1–December 31, 2024. The report has also been prepared in accordance with the Sector Standard GRI 14: Mining and Metals Sector 2023 and is aligned with the Sustainability Accounting Standards Board (SASB) Standards.

Our report is in conformance with the member requirements of the International Council on Mining and Metals (ICMM), including the implementation of the ICMM Mining Principles, and any mandatory requirements and corporate-level aspects set out in the Position Statements and the Performance Expectations (PE). Disclosure related to our validation of the ICMM PE can be found here. Teck is also in conformance with the Mining Association of Canada’s Towards Sustainable Mining (MAC TSM) Protocols. Disclosure related to our self-assessments and verification on the TSM Protocols can be found on the MAC TSM website.

For the full report, please click here. Other reports, including the 2024 Annual Report are also available on our Disclosure Portal.

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

Key Insights

Given the large stake in the stock by institutions, Lundin Mining's stock price might be vulnerable to their trading decisions
The top 5 shareholders own 52% of the company
Insiders have bought recently

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Every investor in Lundin Mining Corporation (TSE:LUN) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 53% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

And last week, institutional investors ended up benefitting the most after the company hit CA$11b in market cap. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 3.0%.

In the chart below, we zoom in on the different ownership groups of Lundin Mining.

View our latest analysis for Lundin Mining

TSX:LUN Ownership Breakdown March 19th 2025What Does The Institutional Ownership Tell Us About Lundin Mining?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

As you can see, institutional investors have a fair amount of stake in Lundin Mining. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Lundin Mining's historic earnings and revenue below, but keep in mind there's always more to the story.

TSX:LUN Earnings and Revenue Growth March 19th 2025

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Lundin Mining. Nemesia S.À R.L. is currently the company's largest shareholder with 20% of shares outstanding. With 19% and 4.8% of the shares outstanding respectively, Capital Research and Management Company and Goldman Sachs Group, Investment Banking and Securities Investments are the second and third largest shareholders.

Our research also brought to light the fact that roughly 52% of the company is controlled by the top 5 shareholders suggesting that these owners wield significant influence on the business.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of Lundin Mining

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our data suggests that insiders own under 1% of Lundin Mining Corporation in their own names. However, it's possible that insiders might have an indirect interest through a more complex structure. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own CA$73m worth of shares. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.

General Public Ownership

With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Lundin Mining. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

We can see that Private Companies own 20%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 3 warning signs for Lundin Mining that you should be aware of before investing here.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Southern Copper (SCCO) closed the most recent trading day at $98.80, moving +0.94% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.07%. Elsewhere, the Dow saw a downswing of 0.62%, while the tech-heavy Nasdaq depreciated by 1.71%.

The the stock of miner has risen by 0.63% in the past month, leading the Basic Materials sector's loss of 0.56% and the S&P 500's loss of 7.03%.

The investment community will be paying close attention to the earnings performance of Southern Copper in its upcoming release. The company is predicted to post an EPS of $1.05, indicating a 11.7% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $2.79 billion, up 7.48% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.74 per share and a revenue of $11.8 billion, signifying shifts of +9.47% and +3.22%, respectively, from the last year.

Investors might also notice recent changes to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.76% higher. Southern Copper is holding a Zacks Rank of #3 (Hold) right now.

Looking at valuation, Southern Copper is presently trading at a Forward P/E ratio of 20.63. For comparison, its industry has an average Forward P/E of 18.56, which means Southern Copper is trading at a premium to the group.

We can also see that SCCO currently has a PEG ratio of 1.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Mining – Non Ferrous stocks are, on average, holding a PEG ratio of 0.86 based on yesterday's closing prices.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 28% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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).

Zacks Investment Research

Southern Copper recently announced a pause in its stock buyback program after not repurchasing any shares in the latest tranche despite having completed nearly 14% of its total buyback target since its launch in 2008. This development could have contributed to the company's 11% price increase over the past week. This rise is notable, especially when compared to the broader market decline, where major indices such as the Dow Jones and S&P 500 experienced declines due to uncertainties about tariffs and economic recession concerns. While tech stocks saw widespread selling, resulting in sharp declines for companies like Nvidia and Tesla, Southern Copper's performance indicates resilience amid these broader market headwinds. This specific divergence from the general market's downward trend, combined with halted buybacks, may showcase investor belief in Southern Copper's inherent value or stability in the current market conditions.

Analyze the downside risks for Southern Copper and understand their potential impact—click to learn more.

NYSE:SCCO Revenue & Expenses Breakdown as at Mar 2025

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The last five years have seen Southern Copper's total return, inclusive of both share price appreciation and dividends, achieve a very large 431.62%. This standout performance, compared to broader market trends, reflects a combination of factors. Notably, the company's earnings have consistently grown, averaging 12.5% annually over this timeframe, and recent reports revealed a significant 39.2% earnings growth last year, outpacing the broader Metals and Mining industry's decline. This robust financial performance is underlined by high net profit margins that increased from 24.5% to 29.5%, showcasing operational efficiency.

Other relevant developments include consistent dividend increases, which likely supported the stock's attractiveness to income-focused investors. In late 2024, the company authorized a quarterly cash dividend increase to US$0.70 per share, further enhancing shareholder returns. These strategic financial moves, alongside strong operating results—such as full-year 2024 net income reaching $3.38 billion—demonstrate Southern Copper's resilience and growth. However, the company's recent trading price suggests it is above the estimations of fair value, indicating market optimism in its future prospects.

Got skin in the game with Southern Copper? Elevate the management of your position by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.

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.

Companies discussed in this article include NYSE:SCCO.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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

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.

Cautionary Notes to United States Investors

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

The Australian market has been experiencing turbulence, with the ASX 200 futures indicating a further downturn and concerns over stalled household spending. Despite these challenges, opportunities can still be found in certain investment areas, such as penny stocks. While the term “penny stocks” may seem outdated, it remains relevant for identifying smaller or newer companies that could offer potential growth when backed by strong financial health.

Top 10 Penny Stocks In Australia

Name	Share Price	Market Cap	Financial Health Rating
EZZ Life Science Holdings (ASX:EZZ)	A$1.68	A$79.25M	★★★★★★
GTN (ASX:GTN)	A$0.52	A$102.12M	★★★★★★
IVE Group (ASX:IGL)	A$2.38	A$368.64M	★★★★★☆
Regal Partners (ASX:RPL)	A$3.10	A$1.04B	★★★★★★
Bisalloy Steel Group (ASX:BIS)	A$3.27	A$156.64M	★★★★★★
West African Resources (ASX:WAF)	A$2.11	A$2.4B	★★★★★★
GR Engineering Services (ASX:GNG)	A$2.86	A$478.16M	★★★★★★
MotorCycle Holdings (ASX:MTO)	A$1.99	A$146.87M	★★★★★★
CTI Logistics (ASX:CLX)	A$1.76	A$137.3M	★★★★☆☆
Accent Group (ASX:AX1)	A$1.875	A$1.06B	★★★★☆☆

Click here to see the full list of 1,012 stocks from our ASX Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Aurelia Metals

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.

ASX:KCN Financial Position Analysis as at Mar 2025Taking Advantage

Dive into all 1,012 of the ASX Penny Stocks we have identified here.
Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St’s portfolio to get a 360-degree view on how they’re shaping up.
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Companies discussed in this article include ASX:AMI ASX:FWD and ASX:KCN.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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.

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.

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).

Zacks Investment Research

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.

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

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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Most Read from Bloomberg Businessweek

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.

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.

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.

As the industry progressively emphasizes sustainability, zinc’s significance in infrastructure, energy, and agriculture continues to grow, offering profitable prospects for investors.

Methodology

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.

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.

Disclosure: None. This article is originally published at Insider Monkey.

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.

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).

Zacks Investment Research

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.

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

Warning! GuruFocus has detected 5 Warning Signs with AUMTF.

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.

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