Base Metals Archives - Page 14 of 97

We recently compiled a list of the 10 Best Coal Stocks to Invest in Right Now. In this article, we are going to take a look at where Teck Resources Limited (NYSE:TECK) stands against the other coal stocks.

Research by The Business Research Company estimates the coal market to grow by 2.6% in 2025, reaching a market value of $669.84 billion. The continued dependency on coal for developing countries should sustain a growth rate of 2% until 2029. The APAC region is the region with the largest share of the market with China being the largest player. Slow economic growth in the region is the reason for the lackluster performance of the commodity in 2024.

Rising energy demand is the primary driver for the growth in the coal industry but a transition to renewable forms of energy forms a major headwind. The steel industry along with other manufacturing sectors provides a sustained demand for coal. These industries have not fared well in 2024, leading to unfavorable pricing for coal companies.

The production in the US is expected to remain flat in 2025 after registering a 12% drop in 2024. The demand from utility firms is expected to be met by the accumulation of inventory. India continues to be the destination where a majority of the exports of metallurgical and thermal coal take place. While the trend is expected to continue, a strengthening dollar is expected to lower the volumes in the near future.

The recent performance of coal companies has not been particularly good due to the overall macroeconomic environment. Companies are looking to diversify their assets and are exploring opportunities in other commodities like mining. Nonetheless, most of these companies have a healthy balance sheet that has enabled them to tide over this period. With a better year around the corner, there should be a revival in business for these companies.

Coal ETFs have generated returns of -4.34%, -17.86% and -20.86% for 1-month, 6-month and 1-year tenors. While big tech players pose a threat, there is immense potential to tap a constantly growing advertising pie that would benefit traditional players.

For this article we picked 10 coal stocks trending on latest news. With each stock we have mentioned the number of hedge fund investors. 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 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A close up of an automated machine processing other Industrial Metals & Mining resources.

Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Investors: 68

Teck Resources Limited (NYSE:TECK) operates through Steelmaking Coal, Copper, Zinc, and Energy segments with principal products that include principal products include copper, zinc, steelmaking coal, and blended bitumen. It sold its steelmaking coal business, EVR in 2024 to focus on copper, zinc and other metals business. The sale of its coal business has allowed TECK to buy back shares and pay back debt worth $2.75 billion.

EPS for Q3 was $0.44, down from $0.57 a year ago but provided a positive surprise of 22%. The guidance for the next quarter is positive with copper production higher by 50% due to higher throughput. Analysts at Raymond James and JP Morgan have revised their EPS estimates downwards but continue to have a favorable outlook on TECK with “Outperform” and “Overweight” ratings. The decision to offload the coal business may hurt the total earnings but it allows TECK to focus on the metals business which is set to have a better growth rate than the coal industry.

Overall TECK ranks 1st on our list of the best coal stocks to buy. While we acknowledge the potential of TECK as an investment, our conviction lies in the belief that 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 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) ended the recent trading session at $91.37, demonstrating a +0.94% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.47%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.51%.

Heading into today, shares of the miner had lost 0.67% over the past month, lagging the Basic Materials sector's gain of 1.28% and the S&P 500's gain of 1.67% in that time.

The investment community will be paying close attention to the earnings performance of Southern Copper in its upcoming release. The company is forecasted to report an EPS of $1.02, showcasing a 78.95% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.78 billion, indicating a 21.1% increase compared to the same quarter of the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has shifted 0.46% upward. Southern Copper presently features a Zacks Rank of #3 (Hold).

Digging into valuation, Southern Copper currently has a Forward P/E ratio of 19.57. For comparison, its industry has an average Forward P/E of 19.57, which means Southern Copper is trading at no noticeable deviation to the group.

It is also worth noting that SCCO currently has a PEG ratio of 1.77. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Mining – Non Ferrous industry had an average PEG ratio of 0.85.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% echelons 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.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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

To read this article on Zacks.com click here.

Zacks Investment Research

Written by Amy Legate-Wolfe at The Motley Fool Canada

When analysts set out to identify valuable materials stocks for Canadian investors in 2025, they embark on a multifaceted evaluation process. First and foremost, they delve into a company’s financial health, scrutinizing metrics such as profit margins, return on equity, and debt levels. A robust balance sheet often signals a company’s resilience and its capacity to weather economic fluctuations. But what else should investors take note of? Let’s dive in.

What to watch

Beyond the numbers, analysts assess a company’s position within the industry. They consider market share, competitive advantages, and the diversity of operations. A company with a significant market presence and diversified operations is typically better equipped to capitalize on market opportunities and mitigate risks.

Commodity price trends play a pivotal role in this analysis as well. Analysts monitor the prices of key materials like copper, silver, and gold, understanding that these fluctuations can significantly impact a company’s revenue and profitability. For instance, a surge in copper prices could bode well for companies heavily invested in copper production.

Geopolitical factors are also on the radar. Analysts evaluate the political stability of the regions where a company operates as well as trade policies and regulations that could affect operations. A favourable geopolitical climate can enhance operational efficiency, while instability might pose challenges. So, which stocks check all the boxes?

The stocks

Now, turning our attention to specific companies, Teck Resources (TSX:TECK.B) stands out as a compelling option. In the third quarter of 2024, Teck reported an adjusted profit of $0.60 per share, surpassing analysts’ expectations of $0.37 per share. This impressive performance was largely driven by a 60% year-over-year increase in copper production at their Quebrada Blanca mine. Looking ahead, Teck is focusing on energy transition metals, positioning itself strategically for future demand.

Pan American Silver (TSX:PAAS) is another noteworthy contender. In the third quarter of 2024, the company achieved a record revenue of $716.1 million, producing 5.47 million ounces of silver and 225.0 thousand ounces of gold. This robust performance underscores Pan American’s operational efficiency and its ability to capitalize on favourable market conditions.

Wheaton Precious Metals (TSX:WPM) also merits attention. In the same quarter, Wheaton reported revenue of $308 million and operating cash flow of $254 million, marking a significant increase from previous periods. With a cash balance of $694 million and no debt as of September 30, 2024, the company is well-positioned for future growth.

Foolish takeaway

Looking ahead, the outlook for these companies looks promising. Teck’s strategic shift towards energy transition metals aligns with global trends favouring sustainable resources. Pan American Silver’s strong production metrics position it well to benefit from anticipated increases in silver demand, particularly in industrial applications. Wheaton Precious Metals’s robust financial position provides a solid foundation for future investments and potential expansion opportunities.

In conclusion, analysts employ a comprehensive approach when evaluating materials stocks, considering financial health, market position, commodity trends, and geopolitical factors. Companies like Teck Resources, Pan American Silver, and Wheaton Precious Metals exemplify strong investment opportunities. Each demonstrates solid performance and strategic initiatives that align with favourable market trends.

The post 3 Top Materials Sector Stocks for Canadian Investors in 2025 appeared first on The Motley Fool Canada.

Should you invest $1,000 in Pan American Silver Corp. right now?

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Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

2025

As Australian markets brace for a cautious opening, reflecting the skittish mood of global indices after the Federal Reserve’s recent announcements, investors are seeking opportunities that balance risk and reward. Penny stocks, though often considered a niche investment area, continue to offer potential growth opportunities in smaller or newer companies. When these stocks are supported by strong financials and solid fundamentals, they can provide an attractive avenue for those looking to uncover hidden gems in the market.

Top 10 Penny Stocks In Australia

Name	Share Price	Market Cap	Financial Health Rating
Embark Early Education (ASX:EVO)	A$0.77	A$141.28M	★★★★☆☆
LaserBond (ASX:LBL)	A$0.575	A$67.4M	★★★★★★
Austin Engineering (ASX:ANG)	A$0.50	A$310.07M	★★★★★☆
MaxiPARTS (ASX:MXI)	A$1.92	A$106.21M	★★★★★★
GTN (ASX:GTN)	A$0.52	A$102.12M	★★★★★★
Helloworld Travel (ASX:HLO)	A$1.97	A$320.75M	★★★★★★
SHAPE Australia (ASX:SHA)	A$2.99	A$247.9M	★★★★★★
IVE Group (ASX:IGL)	A$2.18	A$337.66M	★★★★☆☆
SKS Technologies Group (ASX:SKS)	A$1.59	A$229.74M	★★★★★★
Nickel Industries (ASX:NIC)	A$0.80	A$3.43B	★★★★★☆

Click here to see the full list of 1,027 stocks from our ASX Penny Stocks screener.

Here’s a peek at a few of the choices from the screener.

Aurelia Metals

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Aurelia Metals Limited is an Australian company involved in the exploration and production of mineral properties, with a market capitalization of approximately A$312.94 million.

Operations: The company’s revenue is derived from its operations at the Peak Mine generating A$207.34 million, the Dargues Mine contributing A$102.36 million, and the Hera Mine with A$0.20 million.

Market Cap: A$312.94M

Aurelia Metals Limited, with a market cap of A$312.94 million, derives significant revenue from its Peak and Dargues Mines. Despite being unprofitable with increasing losses over the past five years, the company maintains a strong cash runway exceeding three years and positive free cash flow. Analysts forecast earnings growth at 47.19% annually, indicating potential for future profitability. The stock is trading significantly below estimated fair value, suggesting possible upside according to analysts’ consensus price targets. However, both the management team and board are relatively inexperienced, which may impact strategic execution moving forward.

ASX:AMI Financial Position Analysis as at Jan 2025Perenti

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Perenti Limited is a global mining services company with a market capitalization of A$1.24 billion.

Operations: The company’s revenue is primarily derived from its Contract Mining Services segment, which generated A$2.54 billion, followed by Drilling Services with A$598.10 million and Mining Services and Idoba contributing A$239.06 million.

Market Cap: A$1.24B

Perenti Limited, with a market cap of A$1.24 billion, primarily generates revenue from its Contract Mining Services segment. The company has demonstrated high-quality earnings and stable weekly volatility. Its short-term assets exceed both short- and long-term liabilities, indicating solid liquidity management. Perenti’s net debt to equity ratio is satisfactory at 23.6%, with interest payments well covered by EBIT (3.1x coverage). Despite negative earnings growth over the past year and low return on equity at 6%, forecasts suggest a robust annual earnings growth of 22.07%. The stock trades significantly below estimated fair value, suggesting potential undervaluation opportunities.

ASX:PRN Financial Position Analysis as at Jan 2025Star Entertainment Group

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: The Star Entertainment Group Limited operates and manages integrated resorts in Australia, with a market cap of A$372.65 million.

Operations: The company’s revenue is derived from its operations in Sydney (A$877.5 million), Brisbane (A$344.2 million), and the Gold Coast (A$456.1 million).

Market Cap: A$372.65M

Star Entertainment Group, with a market cap of A$372.65 million, faces challenges as it remains unprofitable and has seen increasing losses over the past five years. Despite having more cash than total debt and a sufficient cash runway for over three years, its short-term liabilities exceed short-term assets by A$263.8 million, raising liquidity concerns. Recent executive changes include the appointment of Steve McCann as CEO and Frank Krile as CFO, potentially signaling strategic shifts. The stock is considered to be trading at a good value compared to peers but exhibits high volatility relative to most Australian stocks.

ASX:SGR Revenue & Expenses Breakdown as at Jan 2025Turning Ideas Into Actions

Get an in-depth perspective on all 1,027 ASX Penny Stocks by using our screener here.
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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 ASX:AMI ASX:PRN and ASX:SGR.

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

Investing.com — Bernstein downgraded Anglo American PLC (LON:AAL) to “Market-Perform” citing a more balanced risk-reward profile after BHP Group (NYSE:BHP) withdrew its interest in acquiring the miner.

The “BHP Put,” called a safety net by brokerage for Anglo’s shareholders, is no longer in play, reducing the margin of safety underpinning its prior “Outperform” rating.

BHP’s decision was attributed to valuation divergences according to media reports. BHP shares have underperformed Anglo by over 30% since April 2024, making an all-share deal expensive. Alternative financing options, including raising debt or equity, would either stretch BHP’s balance sheet or signal a desperate need for acquisitions, analysts said.

“The BHP Put was part of our belts and braces Outperform thesis as it gives Anglo’s shareholders a safety net, in case the current management disappoint,” analyst said.

While Bernstein praised Anglo’s 2024 progress, including its met coal demerger and cost-saving efforts, the lack of the BHP backstop shifts focus to management’s ability to deliver sustainable improvements. The brokerage maintained its price target for Anglo at GBP26 per share.

Bernstein downgrades Anglo American after BHP exit

Elon Musk clashes with Norway wealth fund CEO; 'friends are as friends do'

Why DeepSeek is a wake up call for everyone, not just the markets

(Updates shares.) Lundin Mining (LUN.TO) late on Monday said it expects a pre-tax cut to fourth-q

Lundin Mining (LUN.TO) late on Monday said it expects a pre-tax negative impact of $46 million on it

Written by Amy Legate-Wolfe at The Motley Fool Canada

When it comes to choosing between Teck Resources (TSX:TECK.B) and First Quantum Minerals (TSX:FM) on the TSX, it’s essential to consider recent performances, financial health, and future prospects. So today that’s just what we’ll do. Let’s delve into each to help you make an informed decision.

Into earnings

Teck Resources reported its third-quarter 2024 results on October 24, 2024, showcasing an adjusted profit of C$0.60 per share, surpassing analysts’ expectations of C$0.37 per share. This impressive performance was primarily driven by a significant increase in copper production at their Quebrada Blanca (QB) mine, which saw a 60% year-over-year rise to 115,000 metric tons. Additionally, the Canadian stock completed the sale of a 77% stake in its steelmaking coal unit to Glencore Plc, marking a strategic shift towards focusing on energy transition metals.

On the other hand, First Quantum Minerals reported its third-quarter 2024 results on October 22, 2024, with net earnings attributable to shareholders of $108 million, translating to $0.13 per share. This was a notable improvement compared to previous quarters, indicating a positive trend in their financial performance. However, it’s worth noting that the Canadian stock faced operational challenges, including a temporary suspension at its Kansanshi copper mine in Zambia due to a fatal accident.

Finances

Teck Resources boasts a robust financial position, with a market capitalization of approximately $31.5 billion as of September 30, 2024. The Canadian miner reported total cash holdings of $7.2 billion and a total debt of C$9.4 billion, resulting in a debt-to-equity ratio of 36.3%. Its current ratio stands at 2.9, indicating strong liquidity. Furthermore, Teck has been proactive in returning value to shareholders, distributing $720 million through dividends and share buybacks in the third quarter alone.

First Quantum Minerals, with a market capitalization of $15.6 billion as of September 30, 2024, reported total cash holdings of $783 million and a total debt of $7.9 billion, leading to a higher debt-to-equity ratio of 67.4%. The Canadian stock’s current ratio is 1.8, suggesting adequate liquidity but less cushion compared to Teck. Furthermore, First Quantum has been exploring strategic partnerships, including advanced talks with Saudi Arabia’s Manara Minerals to sell a minority stake in its Zambian copper and nickel assets, potentially bolstering its financial position.

Future outlook

Teck Resources is strategically positioning itself as a leader in energy transition metals, capitalizing on the growing demand for copper and other essential materials in renewable energy technologies. The successful divestment of its coal assets allows Teck to focus on expanding its copper production capabilities, aligning with global sustainability trends.

First Quantum Minerals is also poised to benefit from the increasing demand for copper, with significant operations in Zambia and ongoing projects aimed at boosting production. However, the company faces challenges, including operational disruptions and a higher debt load.

Bottom line

Both Teck Resources and First Quantum Minerals present compelling investment opportunities in the mining sector, particularly with the rising demand for copper driven by global energy transition initiatives. Teck’s strong financial health, strategic focus on energy transition metals, and consistent shareholder returns position it favourably. First Quantum’s growth potential is evident, but it faces higher leverage and operational challenges that warrant careful consideration.

As always, it’s advisable to conduct thorough research and consider your investment objectives and risk tolerance before making a decision. Consulting with a financial advisor can provide personalized insights tailored to your financial goals.

The post Best Stock to Buy Right Now: Teck Resources vs First Quantum? appeared first on The Motley Fool Canada.

Should you invest $1,000 in First Quantum Minerals Ltd. right now?

Before you buy stock in First Quantum Minerals Ltd., consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and First Quantum Minerals Ltd. wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $18,750.10!*

See the Top Stocks * Returns as of 1/22/25

More reading

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

2025

We recently compiled a list of the 10 Best Australian Stocks to Buy Now. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against other best Australian stocks to buy now.

According to a report by Vanguard published on January 24, Australia’s economy is expected to experience a gradual recovery in 2025, following its slowest growth in 32 years in 2024. The report forecasts an economic growth of 2% year over year by the end of 2025, with trimmed mean inflation, a core measure that excludes items at the extremes, expected to reach 2.5% year over year. However, the report notes that low productivity growth and higher unit labor costs will keep core inflation from falling sustainably to the midpoint of the Reserve Bank of Australia’s (RBA) 2%–3% target range until later in 2025.

The RBA has left its policy rate target unchanged at 4.35% since December 10, but has softened its language around future policy decisions, noting that it is “gaining some confidence that inflation is moving sustainably toward the target.” Despite this, Vanguard expects the RBA to remain patient and not initiate rate cuts until the second quarter of 2025, due to a tight labor market.

In an interview on January 19, Lochlan Halloway, Market Strategist at Morningstar Australia, pointed out that the premium to fair value of large-cap stocks in the Australian market is abnormally high, trading at around 20% above fair value. According to Halloway, this is a concern as 20 companies account for about 60% of the ASX 100.

In terms of value opportunities, Halloway identified the energy sector, particularly companies that are trading at significant discounts to their fair value. He also noted that small-cap companies, which were largely left behind in the market rally may offer value, although investors need to be judicious in selecting quality companies. Additionally, sectors such as consumer defensives appear close to fair value or even cheap.

As the Australian economy gradually recovers in 2025, opportunities lie in undervalued sectors such as energy and consumer defensives, as well as among small-cap companies that have yet to catch up with the broader market rally.

Is BHP Group Limited (BHP) the Best Australian Stock to Buy Now?

An aerial view of a mining operation in action, with large trucks and yellow diggers.

Our Methodology

To compile our list of the 10 best Australian stocks to buy now, we used Finviz and Yahoo stock screeners to identify Australian companies. We then used Insider Monkey’s Hedge Fund database to rank 10 stocks according to the largest number of hedge fund holders, as of Q3 2024. The list is sorted in ascending order of hedge fund sentiment.

Why do we care about what hedge funds do? 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 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Holdings: 22

BHP Group Limited (NYSE:BHP) is a global resources company that extracts and processes commodities such as iron ore, copper, and coal. The company has a strong portfolio of assets and supplies raw materials essential for global infrastructure and energy needs to industrial manufacturers and governments.

BHP Group Limited (NYSE:BHP) is actively pursuing growth opportunities in the copper market, which is expected to experience significant demand growth over the coming decades. In South Australia, BHP Group Limited (NYSE:BHP) is expanding its Olympic Dam operation, with plans to increase production to over 500,000 tons per year by the early 2030s. The company is also progressing a number of other copper projects in Chile, including the Escondida mine, where it is planning to invest in new leaching technology to increase production and extend the life of the mine. Additionally, BHP Group Limited (NYSE:BHP) has recently announced a joint venture with Lundin Mining to develop the Filo del Sol and Josemaria copper projects in Argentina and Chile, which have the potential to become major new copper producers.

Another key area of growth for BHP Group Limited (NYSE:BHP) is its potash business, where the company is investing in the Jansen project in Canada. The Jansen project is a world-class potash asset that is expected to become one of the largest potash producers in the world. BHP Group Limited (NYSE:BHP) is currently constructing the first stage of the project, which is expected to produce around 4.3 million tons of potash per year. The company is also planning to expand the project in future stages, with the potential to increase production to over 16 million tons per year.

Overall BHP ranks 2nd on our list of the best Australian stocks to buy now. While we acknowledge the potential of BHP as an investment, our conviction lies in the belief that 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 BHP 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.

VANCOUVER, BC, Jan. 27, 2025 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pre-announcing certain items impacting the Company's quarterly earnings, earnings per share, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA")1, adjusted earnings1 and adjusted earnings per share1.

Revenue and Provisional Pricing Adjustments

Revenue in the fourth quarter 2024 is expected to be negatively impacted by unaudited provisional pricing adjustments on prior period concentrate sales of approximately $46 million on a pre-tax basis. These adjustments primarily include downward adjustments in relation to copper sales, partially offset by upward adjustments on nickel sales.

Revenue in the fourth quarter 2024 is also expected to be negatively impacted by a timing difference between the production and shipment date of approximately 20,000 tonnes of copper concentrate. Two shipments of copper concentrate from Caserones scheduled for December 2024 were delayed to early January due to certain operational and weather related issues. Payments of approximately $45 million relating to these shipments were received in December, however the revenue will only be recognized in the first quarter of 2025.

Foreign Exchange and Derivatives

Items of significant impact in the fourth quarter 2024 are expected to include unaudited realized foreign exchange gains of $15 million on a pre-tax basis. Gains were primarily due to significant weakening of the Brazilian real ("BRL") and Chilean peso ("CLP") against the US dollar during the quarter.

In the fourth quarter 2024 the Company is also expected to recognize certain non-cash items that will impact the Company's earnings but not adjusted EBITDA, adjusted earnings or adjusted earnings per share. These include unaudited unrealized foreign exchange gains of approximately $11 million on a pre-tax basis and an unaudited unrealized loss of approximately $74 million on a pre-tax basis related to the mark-to-market valuation of the Company's foreign exchange and commodity derivative contracts, primarily due to weakening of the CLP, BRL, and Canadian dollar against the US dollar during the quarter. Additionally, the Company is expected to recognize an unaudited unrealized loss of approximately $12 million on a pre-tax basis related to the mark-to-market valuation of the Company's foreign exchange contracts due to weakening of the Swedish krona and Euro against the US dollar during the quarter.

Other Items

During the fourth quarter, throughput at Eagle increased as ramp rehabilitation progressed. An unaudited amount of approximately $11 million, related to overhead costs from the partial suspension of underground operations, is expected to impact the Company's earnings for the quarter. This amount will be excluded from adjusted EBITDA, adjusted earnings, and adjusted earnings per share. Normal throughput rates are expected to resume during the first quarter of 2025.

Production costs in the fourth quarter 2024 are expected to include an unaudited write down of inventory items amounting to $22 million.

_____________________________

1 These measures are non-GAAP measures. These performance measures have no standardized meaning within generally accepted accounting principles under International Financial Reporting Standards and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. For additional details please refer to the Company's discussion of non-GAAP and other performance measures in its Management's Discussion and Analysis for the three and nine months ended September 30, 2024 which is available on SEDAR+ at www.sedarplus.com.

Fourth Quarter 2024 Results Conference Call and Webcast Details

The Company will release its fourth quarter 2024 operations and financial results after market close on Wednesday, February 19, 2025, and will hold a webcast and conference call on Thursday, February 20, 2025 to present the results. Webcast and conference call details are provided below.

Webcast / Conference Call Details:

Date: Thursday, February 20, 2025

Time: 7:00 AM PT | 10:00 AM ET

Listen Only Webcast: WEBCAST LINK

Dial In for Investor & Analyst Q&A: DIAL IN LINK

To participate in the call click on the dial in LINK above and complete the online registration form. Once registered you will receive the dial-in information and a unique PIN to join the call and ask questions.

A replay of the webcast will be available by clicking on the webcast LINK above and will be archived on the Company's website for a limited period of time.

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 was submitted for publication, through the agency of the contact persons set out below on January 27, 2025 at 15:00 Pacific Time.

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 strategies; expected items of significant impact in the fourth quarter and annual results, and the anticipated impact on the Company's revenue, earnings, adjusted EBITDA, adjusted earnings and adjusted earnings per share; the completion of the sale of the Company's European assets and the timing thereof; the conditions to close the sale of the Company's European assets; the Company's guidance on the timing and amount of future production and its expectations regarding the results of operations; expected costs; permitting requirements and timelines; the results and timing of any Preliminary Economic Assessment, Pre-Feasibility Study, Feasibility Study, or Mineral Resource and Mineral Reserve estimations, life of mine estimates, and mine and mine closure plans; anticipated market prices of metals, currency exchange rates, and interest rates; the Company's integration of acquisitions and expansions and any 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 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 can access financing, appropriate equipment and sufficient labour; assumed and future price of copper, zinc, nickel, gold and other metals; anticipated costs; that the conditions to close the sale of the Company's European assets will be satisfied; the ability to achieve goals and identify and realize opportunities; the prompt and effective integration of acquisitions; that the political environment in which the Company operates will continue to support the development and operation of mining projects; 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 to obtain required approvals for the sale of the Company's European assets; 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; project financing risks, liquidity risks and limited financial resources; volatility and fluctuations in metal and commodity demand and prices; delays or the inability to obtain, retain or comply with permits; significant reliance on assets in Chile; reputation risks related to negative publicity with respect to the Company or the mining industry in general; health and safety risks; risks relating to the development of the Filo del Sol project and the Josemaria project; inability to attract and retain highly skilled employees; risks associated with climate change; compliance with environmental, health and safety laws and regulations; unavailable or inaccessible infrastructure, infrastructure failures, and risks related to ageing infrastructure; risks inherent in and/or associated with operating in foreign countries and emerging markets, including with respect to foreign exchange and capital controls; economic, political and social instability and mining regime changes in the Company's operating jurisdictions, 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; risks relating to indebtedness; the inability to effectively compete in the industry; risks associated with acquisitions and related integration efforts, including the ability to achieve anticipated benefits, unanticipated difficulties or expenditures relating to integration and diversion of management time on integration; changing taxation regimes; 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 in foreign jurisdictions; 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; financial projections, including estimates of future expenditures and cash costs, and estimates of future production may not be reliable; enforcing legal rights in foreign jurisdictions; environmental and regulatory risks associated with the structural stability of waste rock dumps or tailings storage facilities; activist shareholders and proxy solicitation matters; risks relating to dilution; regulatory investigations, enforcement, sanctions and/or related or other litigation; risks relating to payment of dividends; counterparty and customer concentration risks; the estimation of asset carrying values; risks associated with the use of derivatives; risks relating to joint ventures, joint arrangements and operations; relationships with employees and contractors, and the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; conflicts of interest; existence of a significant shareholder; exchange rate fluctuations; challenges or defects in title; internal controls; compliance with foreign 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; the threat associated with outbreaks of viruses and infectious diseases; risks relating to minor elements contained in concentrate products; and other risks and uncertainties, including but not limited to those described in the "Risk and Uncertainties" section of the Company's MD&A for the year three and nine months ended September 30, 2024 and the "Risk and Uncertainties" section of the Company's Annual Information Form for the year ended December 31, 2023, which are 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 Pre-Announces Items Impacting the Fourth Quarter and Full Year 2024 Results (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/27/c7086.html

(Updates shares.) Wallbridge Mining (WM.TO) on Wednesday provided details of its 2025 exploration

Wallbridge Mining (WM.TO) provided Wednesday details of its 2025 exploration programs for the Fenelo

Wallbridge Mining Company Limited

TORONTO, Jan. 22, 2025 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX: WM, OTCQX: WLBMF) (“Wallbridge” or the “Company”) today announced its fully-funded 2025 technical studies and exploration programs at its flagship Fenelon Gold (“Fenelon”) and Martiniere Gold (“Martiniere”) projects, as well as regional gold targets located within the Wallbridge land package in northwestern Quebec.

Key elements of the 2025 program include the expected completion of an updated Preliminary Economic Assessment (“PEA”) for the Fenelon project, continued exploration step-out drilling along known and potential extensions to the Bug Lake gold deposit at its Martiniere project, and generative exploration to test prospective greenfields targets within its 830 km2 property position along the Detour-Fenelon gold trend.

Updated Fenelon PEA

In Q1 2025 the Company plans to continue the advancement of its Fenelon project with the completion of an updated PEA which will build upon the results of the previously completed PEA (completed in June 2023). Wallbridge is currently evaluating a phased development approach involving a lower initial production rate to reduce up front capital and operating costs and then eventually transitioning to a larger scale operation.

The Company’s technical team and Consultants are completing a range of trade-off studies that are focused on optimizing the underground mining, processing, and surface infrastructure plans based on updated capital and operating costs, and an updated mineral resource estimate for the Fenelon deposit. The results of these studies are being incorporated into the updated PEA which will be presented in an NI 43-101 Technical Report scheduled for completion before the end of the first quarter of 2025. Wallbridge’s 2025 exploration program and the technical studies currently underway are fully funded. The Company’s cash balance as at December 31, 2024 was $21.2 million.

“We believe that 2025 will be an important and transformational year for Wallbridge. By leveraging off of the results of the 2023 PEA for Fenelon and our 2024 exploration program at Martiniere, our technical studies and exploration teams continue to identify opportunities to unlock significant value at Fenelon, Martiniere and our broader portfolio of greenfields exploration targets. In 2025, approximately 65% to 80% of our planned drilling program will be directed at exploring the Martiniere gold system, with the remaining 20% to 35% to be allocated toward new discovery opportunities within the Company’s broader regional land position,” commented Brian W. Penny, Wallbridge’s Chief Executive Officer. “We look forward to increased engagement with the market, and our stakeholders and shareholders while ensuring our strategy and milestones are effectively communicated in a timely, and transparent manner,” concluded Mr. Penny.

2025 Exploration Program

Martiniere Exploration & Resource Growth

Results returned from the 2024 drilling program at Martiniere included multiple high grade gold intercepts from three satellite exploration targets along the Bug Lake structural deformation corridor within 100 to 500 metres on the currently defined mineral resource (see Wallbridge news releases dated July 31, 2024 and November 6, 2024).

During 2025 the Company plans to follow up on these positive results by completing an additional 10,000 to 15,000 m of drilling to further explore the Martiniere gold system and potentially expand the mineral resource. A first phase of drilling is planned to be completed from early March until May when exploration activities will pause for two months in observance of the annual Caribou calving season. Based on the results of the first drilling phase, a second phase is planned to commence during the latter half of July.

Fenelon, Martiniere & Regional Greenfields Exploration

Regionally, approximately 3,000 to 5,000 metres of drilling and related field mapping is planned with the objective of discovering new zones of prospective gold mineralization from the Company’s growing pipeline of exploration targets along the Detour-Fenelon gold trend.

Wallbridge Detour-Fenelon Gold Trend Land Package

Figure 1. Wallbridge Detour-Fenelon Gold Trend Land Package (Highlighting the currently planned 2025 exploration target areas)

Qualified Persons

The Qualified Persons responsible for the technical content of this news release are Mark A. Petersen, M.Sc., P.Geo. (OGQ AS-10796; PGO 3069), Senior Exploration Consultant for Wallbridge and Francois Chabot, M. Sc., Eng. (OIQ 43977), Manager of Technical Studies for Wallbridge.

About Wallbridge Mining

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon gold trend in Québec’s Northern Abitibi region while respecting the environment and communities where it operates.

Wallbridge’s most advanced projects, Fenelon Gold (“Fenelon”) and Martiniere Gold (“Martiniere”) incorporate a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere are located within an 830 km2 exploration land package in the Northern Abitibi region of Quebec.

Wallbridge has reported a positive Preliminary Economic Assessment (“PEA”) at Fenelon that estimates average annual gold production of 212,000 ounces over 12 years.

For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:

Wallbridge Mining Company Limited

Brian Penny, CPA, CMACEOTel: (416) 716-8346Email: bpenny@wallbridgemining.comM: +1 416 716 8346

Tania Barreto, CPIRDirector, Investor RelationsEmail: tbarreto@wallbridgemining.comM: +1 289 819 3012

Cautionary Note Regarding Forward-Looking Information

The information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections and interpretations as at the date of this document.

All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”

FLI in this document may include, but is not limited to: statements regarding the results of the PEA or updated PEA; the potential future performance of the Common Shares; 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’s”) at Fenelon and Martiniere (collectively the “Deposits”); the prospects, if any, of the Deposits; future exploration and drilling at the Deposits and elsewhere; 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; 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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae981d65-cb83-42cf-9c8e-2b1ef6e50461

Wallbridge Mining Company Limited

TORONTO, Jan. 16, 2025 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX:WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has entered into an option agreement (the “Option Agreement”) with Formation Metals Inc. (CSE:FOMO) (“Formation”) granting Formation an option to acquire a one hundred percent (100%) ownership interest in and to the Company’s N2 property (the “Property”).

Terms of the Option Agreement

Pursuant to the Option Agreement, and subject to the approval of the Canadian Securities Exchange, Formation may acquire a 100% interest in the Property by making payments totaling $550,000 in cash, issuing an aggregate of 4,000,000 common shares in the capital of the Formation to Wallbridge, and completing $5,000,000 of work expenditures as indicated in the table below:

Payment	Shares	Cash	Work Commitment
Signing	1,000,000	$50,000	–
1st Anniversary	1,000,000	$50,000	$400,000
2nd Anniversary	1,000,000	$50,000	$600,000
3rd Anniversary	–	$100,000	$1,200,000
4th Anniversary	–	$100,000	–
5th Anniversary	–	$100,000	–
6th Anniversary	1,000,000	$100,000	$2,800,000
Total	4,000,000	$550,000	$5,000,000

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 along the Detour-Fenelon Gold Trend in Québec’s Northern Abitibi region while respecting the environment and communities where it operates.

Wallbridge’s most advanced projects, Fenelon Gold (“Fenelon”) and Martiniere Gold (“Martiniere”) incorporate a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere are located within an 830 square km exploration land package in the Northern Abitibi region of Quebec.

Wallbridge has reported a positive Preliminary Economic Assessment (“PEA”) at Fenelon that estimates average annual gold production of 212,000 ounces over 12 years.

For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:

Wallbridge Mining Company Limited

Brian Penny, CPA, CMACEOTel: (416) 716-8346Email: bpenny@wallbridgemining.com M: +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.

FLI in this document may include, but is not limited to: statements regarding the terms of the Option Agreement; 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 MREs 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.

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

Teck Resources Ltd

VANCOUVER, British Columbia, Jan. 13, 2025 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Colin Hamilton as Vice President, Market Research and Economic Analysis, effective February 17, 2025.

“We are very pleased to welcome Colin to Teck,” said President and CEO Jonathan Price. “With vast market experience in the mining and metals sector and a globally renowned reputation for thought leadership and innovation in commodity analysis, Colin is ideally suited to lead our strategic insight function as we build Teck into one of the world's leading providers of responsibly produced energy transition metals.”

Mr. Hamilton joins Teck from BMO Capital Markets, where he was Managing Director and Commodities Analyst. Before joining BMO, he led the commodities research team at global financial services group Macquarie.

Mr. Hamilton holds a Master of Engineering (distinction) in Materials Science and Engineering from the University of Strathclyde, Glasgow.

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

Written by Amy Legate-Wolfe at The Motley Fool Canada

Imagine receiving an unexpected $18,000. What an amazing surprise! But instead of splurging on fleeting pleasures, consider investing this sum to generate passive income through dividends and returns. By carefully selecting robust dividend stocks, your windfall can become a steady income stream, potentially growing over time.

What to consider

Investing in dividend-paying stocks allows you to earn a portion of a company’s profits regularly. This approach not only provides income but also offers the potential for capital appreciation as the company’s stock value increases. Reinvesting dividends can further enhance your returns through the power of compounding.

Two Canadian dividend stocks, Teck Resources (TSX:TECK.B) and GFL Environmental (TSX:GFL), present promising opportunities for such investments. Let’s delve into their recent performances and future prospects to understand why they might be suitable additions to your investment portfolio.

Teck stock

Teck Resources, a major player in the mining sector, has been focusing on energy transition metals, particularly copper. In the third quarter of 2024, Teck reported an adjusted profit of $0.60 per share, surpassing analysts’ expectations of $0.37 per share. This achievement is largely attributed to increased copper production at their Quebrada Blanca mine, which saw a 60% year-over-year rise to 115,000 metric tons.

Looking ahead, Teck’s strategic shift towards energy transition metals positions it favourably in the evolving market. The growing demand for copper, essential in renewable energy and electric vehicles, suggests a positive trajectory for the dividend stock. Analysts forecast earnings growth at 17.6% per year, with revenue expected to decline by 10.1% per annum, indicating a focus on profitability and efficient operations.

GFL stock

GFL Environmental, operating in the waste management sector, has demonstrated consistent growth. As of September 30, 2024, GFL reported a market capitalization of $25.29 billion and a revenue of $7.76 billion over the trailing 12 months, reflecting a 6.6% year-over-year quarterly revenue growth. The dividend stock’s operating margin stands at 9.08%, indicating efficient management and profitability.

GFL’s forward price-to-earnings (P/E) ratio of 44.44 suggests that investors anticipate future earnings growth. The waste management industry is known for its stability and resilience, providing essential services regardless of economic cycles. GFL’s expansive operations and commitment to sustainability position it well for continued success in this sector.

Calculated cash

By allocating your $18,000 windfall into shares of companies like TECK and GFL, you can potentially benefit from regular dividend payments and capital appreciation. Diversifying your investments across different sectors of mining and waste management also helps mitigate risks associated with market volatility. In fact, here is what you could earn from both in returns and dividends should shares rise by the same amount in the last year, splitting the cash between the two.

COMPANY	RECENT PRICE	NUMBER OF SHARES	DIVIDEND	TOTAL PAYOUT	FREQUENCY	TOTAL INVESTMENT
TECK – now	$61.25	147	$0.50	$73.50	quarterly	$9,000
TECK – 16%	$71.05	147	$0.50	$73.50	quarterly	$10,444.35
GFL – now	$63.75	141	$0.08	$11.28	quarterly	$9,000
GFL – 47%	$93.71	141	$0.08	$11.28	quarterly	$13,213.11

As you can see, now you’re earning $5,657.46 in returns and $84.78 in dividends. That’s total passive income of $5,742.24! So, transforming an $18,000 windfall into a source of passive income is a prudent strategy. By investing in dividend stocks like Teck Resources and GFL Environmental, you position yourself to receive dividends and potential returns. Contributing to your financial well-being over the long term. Remember, the key to successful investing lies in informed decisions and a diversified portfolio.

The post Invest $18,000 in These 2 Dividend Stocks for $5,742.24 in Passive Income appeared first on The Motley Fool Canada.

Should you invest $1,000 in Gfl Environmental right now?

Before you buy stock in Gfl Environmental, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Gfl Environmental wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $18,391.46!*

See the Top Stocks * Returns as of 1/7/25

More reading

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

2025

We recently compiled a list of the 11 Best Potash Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against other best potash stocks to buy according to hedge funds.

Potash is a group of minerals and chemicals that contain potassium, a vital nutrient for plants and animals. The term refers to compounds including potassium sulfate, potassium-magnesium sulfate, potassium nitrate, potassium carbonate, potassium oxide, and potassium chloride. Among these, potassium chloride (KCl), also known as muriate of potash (MOP), is the most commonly produced and used form of potash.

Potash is primarily used to produce fertilizers, which are essential for plant growth and development. Fertilizers containing potash help to support plant growth, increase crop yield, and enhance disease resistance. Additionally, potash helps to improve water preservation, making it an indispensable supplement to the natural nutrient content of soils. Soils often lack these essential nutrients, or growing crops have depleted them, making potash a necessary addition to maintain soil fertility. With approximately 95% of potash being used in fertilizers, its role in agriculture cannot be emphasized enough. The remaining 5% is used in the production of potassium-bearing chemicals, such as detergents, ceramics, pharmaceuticals, water conditioners, and alternatives to de-icing salt.

Potash is mined from underground deposits, either through conventional underground ore mining or by injecting water into the underground ore body and extracting the resulting brine. According to a report by the Canadian Government, potash production was estimated at 67.5 million tonnes globally in 2023, with Canada contributing 32.4% of the global supply. Canada, Russia, and Belarus dominate global potash production and accounted for 65.9% of the total in 2023. Canada is the world’s largest producer and exporter of potash, with 11 active mines in Saskatchewan, producing 21.9 million tonnes and exporting 22.8 million tonnes in 2023, which accounts for over 41% of global exports.

Potash prices have fluctuated over the years, declining from 2013 to 2016 and remaining relatively low until 2020. However, in 2021, prices rose sharply due to strong demand, and the surge continued into 2022, peaking at $1,202 per tonne in April, driven by geopolitical tensions and the Russian invasion of Ukraine. By June 2023, prices had fallen to $328 per tonne as global supply concerns subsided.

Potash is a vital nutrient for plants and animals, and its importance in fertilizers cannot be overstated. As the world’s population continues to grow, the demand for potash is likely to increase.

Is BHP Group (BHP) the Best Potash Stocks to Buy According to Hedge Funds?

An aerial view of a mining operation in action, with large trucks and yellow diggers.

Our Methodology

To compile our list of the 11 best potash stocks to buy according to hedge funds, we sifted through financial media reports and potash-related ETFs to find companies that are involved in the production and processing of potash. We then used Insider Monkey’s hedge fund database to rank 11 stocks with the largest number of hedge fund holders, as of Q3 2024. The list is sorted in ascending order of hedge fund sentiment.

BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Holders: 22

BHP Group Limited (NYSE:BHP) is one of the largest mining companies in the world, producing a diverse range of resources, including potash. The company is developing the Jansen Potash Project in Canada, which is expected to become one of the world’s largest potash mines upon completion. BHP Group’s (NYSE:BHP) potash operations focus on meeting the growing demand for fertilizers to support global food security.

BHP Group’s (NYSE:BHP) growth strategy in potash is centered around the Jansen project, which is expected to enter the market at the low end of the global cost curve. The Jansen potash project is a significant investment for the company, with Stage 1 of the project ahead of schedule and expected to commence production in late 2026. The project has the potential to create value for many decades and will position BHP Group (NYSE:BHP) as a major player in the global potash market. The company has already signed non-binding sales agreements for all potash production from its Jansen potash project and plans to convert these agreements into binding contracts within 12–18 months.

BHP Group Limited (NYSE:BHP) also plans to expand the project in future stages, which could potentially lead to significant increases in production and revenue. The company’s focus on potash is driven by the attractive long-term fundamentals of the market, with global demand expected to grow by around 70% by 2050. In addition to the Jansen project, BHP Group Limited (NYSE:BHP) is also exploring other opportunities to grow its potash business. The company’s investment in potash is a key part of its strategy to diversify its portfolio and reduce its reliance on commodities such as iron ore and coal.

Overall BHP ranks 6th on our list of the best potash stocks to buy according to hedge funds. While we acknowledge the potential of BHP as an investment, our conviction lies in the belief that 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 BHP 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.

TORONTO, Jan. 10, 2025 /CNW/ – The shareholders of Lundin Mining Corporation (TSX: LUN) together with BHP Group Limited and Filo Corp. (TSX: FIL) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Filo Corp. will be exchanged for 2.3578 shares of Lundin Mining or C$33.00 cash subject to proration of a max cash of C$2,767 million and maximum share consideration of 92.1 million Lundin Mining shares.

In expectation of the arrangement closing, Filo Corp. will be removed from the S&P/TSX Composite Index prior to the open of trading on January 15, 2025. The shares outstanding of Lundin Mining will be increased at the same time to reflect the issuance of shares.

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

SOURCE S&P Dow Jones Indices LLC.

Cision

View original content: http://www.newswire.ca/en/releases/archive/January2025/10/c3529.html

Equity markets in Canada ended higher on Thursday, led by gains for metal mining shares, but the move was limited as investors awaited employment data both sides of the border and braced for a potentially more volatile year for financial markets.

The TSX regained 21.68 points to close Thursday at 25,073.36.

The Canadian dollar dipped 0.06 cents at 69.49 cents U.S.

All eyes will be on U.S. non-farm payrolls data, due Friday, as it is a key indicator for markets to gauge the inflation direction and policy rate path of the Federal Reserve.

The Fed signaled a more cautious pace of rate cuts at its last monetary policy meeting, and traders now expect the first trim this year in either May or June,

Back home, domestic employment figures, also due on Friday, will set the tone for policy easing by the Bank of Canada.

Economists forecast that Canada's economy added 25,000 jobs in December and the unemployment rate edged up to 6.9% from 6.8% in November.

In corporate news, Canadian Natural Resources projected increased production for 2025, as it bets on higher demand amid tight oil supplies. Natural Resources dished off eight cents to $46.91.

Elsewhere, K92 Mining shares rose 26 cents, or 2.6%, to $10.29.

Capstone Mining weighed most by materials stocks, down 43 cents, or 4.9%, to $9.23, while Lundin Mining lost 33 cents, or 2.6%, to $12.94.

In gold stocks, Lundin Gold hiked $1.83, or 5.9%, to $32.87, while Equinox Gold captured 35 cents, or 4.2%, to $8.70.

Among health-care concerns, Bausch Health Companies galloped 34 cents, or 3%, to $11.61, while Sienna Senior Living took on a dime to $8.70.

Read:

Communications did not fare so well, as Rogers fell 43 cents, or 1%, to $43.48, while BCE slipped 30 cents to $33.69.

In the industrial sector, Bombardier faltered $2.45, or 2.6%, to $93.03, while GFL Environmental lost 61 cents, or 1%, to $63.69.

The utility sector was in the red, with Innergex trailing Wednesday by 15 cents, or 1.9%, to $7.76, while Boralex fell 40 cents, or 1.5%, to $27.00.

ON BAYSTREET

The TSX Venture Exchange gained 4.95 points to 615.68.

Seven of the 12 TSX subgroups were higher on the day, led my materials, up 1.9%, while health-care prospered 1%, and gold shone 0.9%.

The five laggards were weighed most by communications, down 0.7%, industrials, settling 0.6%, and utilities, off 0.5%.

ON WALLSTREET

U.S. markets were closed Thursday in memory of former President Jimmy Carter.

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Southern Copper (SCCO). This company, which is in the Zacks Mining – Non Ferrous industry, shows potential for another earnings beat.

When looking at the last two reports, this miner has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 5.32%, on average, in the last two quarters.

For the most recent quarter, Southern Copper was expected to post earnings of $1.12 per share, but it reported $1.15 per share instead, representing a surprise of 2.68%. For the previous quarter, the consensus estimate was $1.13 per share, while it actually produced $1.22 per share, a surprise of 7.96%.

Thanks in part to this history, there has been a favorable change in earnings estimates for Southern Copper lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Southern Copper currently has an Earnings ESP of +8.49%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

We recently compiled a list of the 10 Best Uranium Stocks to Invest in Now. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against the other uranium stocks.

The global demand for uranium is accelerating, driven by advancements in artificial intelligence (AI) and the electrification of industries. According to research from Goldman Sachs, data center energy consumption is expected to surge by 160% by 2030. Nuclear power, with its ability to deliver consistent and low-carbon electricity, is emerging as the preferred solution to meet these energy demands. Tech giants have publicly recognized the role of nuclear energy in supporting their operational energy needs.

In November 2024, the Biden administration unveiled a plan to triple U.S. nuclear energy capacity by 2050. This plan includes the deployment of 200 GW of new nuclear capacity through new reactor construction, plant restarts, and facility upgrades. In the short term, the administration aims to bring 35 GW of new capacity online by 2035.

Following the domestic nuclear energy deployment targets by the Biden administration, Russia announced restrictions on the export of enriched uranium to the United States. According to the Russian Government, these temporary restrictions are a response to the U.S. ban on Russian uranium imports, which was signed into law earlier in 2024. However, the U.S. ban includes waivers that allow shipments to continue until 2027 to address supply concerns. According to Reuters, Russia is a major player in the global uranium market and produces about 44% of the world's uranium enrichment capacity. In 2023, 27% of the enriched uranium used by U.S. commercial nuclear reactors was imported from Russia.

In an interview with CNBC on December 12, 2024, John Ciampaglia, CEO at Sprott Asset Management, discussed the current state and future prospects of the uranium market. Ciampaglia acknowledged that despite high demand, there has been no major increase in the production of uranium. He explained that this is a strategic decision rooted in supply discipline, a lesson learned when the industry was struggling to survive for nearly 10 years after the accident in 2011 at the Fukushima Daiichi Nuclear Power Plant in Japan. Ciampaglia noted that producers are now cautious about balancing future production with future demand, ensuring that they have built their contract books with utilities before ramping up production. This approach is aimed at maximizing value and revenue in the current market cycle.

Ciampaglia identified three major drivers: growing electricity consumption in emerging markets such as China and India, the pivot of Western countries toward energy security and decarbonization, and the development of small modular reactors (SMRs). He noted that big tech companies are investing in SMR technology, which is crucial for validating and advancing this technology. This investment is expected to boost the demand for uranium.

Ciampaglia also mentioned the gradual recovery of uranium prices, which had been stagnant in 2019 and 2020. The price is now slowly moving up, both in the spot market and the term market, reflecting the building demand. Higher prices are necessary to incentivize miners to expand production and develop new mines, which is essential for meeting the growing demand for uranium in the coming years.

As the world leans heavily on nuclear energy to power the next phase of technological and industrial advancements, uranium will remain a critical resource.

Our Methodology

For this article, we used Finviz and Yahoo stock screeners to find companies that are involved in the mining, trading, or processing of uranium. We then used Insider Monkey’s Hedge Fund database to rank 10 stocks with the largest number of hedge fund holders, as of Q3 2024. The list is sorted in ascending order of hedge fund sentiment.

An aerial view of a mining operation in action, with large trucks and yellow diggers.

BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Holders: 22

BHP Group Limited (NYSE:BHP) is a global leader in the mining sector and owns a diverse portfolio of high-quality assets across various commodities. The company has a significant presence in uranium exploration and resource development, particularly in Australia, which is home to some of the world's largest uranium deposits.

BHP Group Limited (NYSE:BHP) is actively evaluating potential uranium projects and partnerships to enhance its position in the uranium market. The company's strategic approach involves leveraging its existing infrastructure and operational capabilities to ensure that any new uranium projects are both economically viable and environmentally sustainable. BHP Group Limited (NYSE:BHP) has been involved in the exploration of the Olympic Dam deposit in South Australia, which is one of the world's largest known uranium resources. While the primary focus at Olympic Dam is copper, gold, and silver, the potential for uranium extraction also presents a significant long-term opportunity.

BHP Group Limited (NYSE:BHP) is committed to sustainable and responsible mining practices, which is particularly important in the uranium sector due to the environmental and safety concerns associated with uranium mining and processing. The company has implemented rigorous safety protocols and environmental management systems to ensure that its operations are conducted in a manner that minimizes environmental impact and maximizes social benefits.

Overall BHP ranks 4th on our list of the best uranium stocks to invest in. While we acknowledge the potential of BHP as an investment, our conviction lies in the belief that 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 BHP 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.

Written by Amy Legate-Wolfe at The Motley Fool Canada

Investing $30,000 in two strong TSX stocks is a smart way to create reliable passive income, especially when alongside other diversified assets. When done with a balanced approach, it combines the power of capital appreciation, dividends, and market stability. Here’s why this strategy is worth your attention and two stocks to go with it.

The stocks

Lundin Mining (TSX:LUN) is a standout in the mining sector, with a strong focus on copper, nickel, and zinc. Copper, in particular, is essential for the renewable energy transition, making Lundin’s position even more promising. The company’s recent earnings show impressive revenue growth of 8.1% year over year for the third quarter (Q3) of 2024, with operating cash flow hitting $1.2 billion over the last 12 months. Its trailing annual dividend yield of 2.18%, coupled with a forward yield of 2.87%, ensures a steady income for investors while benefiting from rising commodity prices.

TFI International (TSX:TFII) is a leader in the logistics and transportation sector and is known for its resilience and innovation. TFII’s revenue grew by 14.3% year over year in Q3 2024, reflecting strong demand for its services across North America. While earnings dipped slightly by 4% due to higher operating costs, the company’s profitability remains robust, with a forward price-to-earnings ratio of just 17.15, indicating value for long-term investors. Its dividend yield of 1.34% may seem modest but is complemented by consistent dividend growth and a low payout ratio of 29.14%, leaving room for future increases.

Easy picks

Pairing these two stocks creates a balanced mix. Lundin Mining thrives in a cyclical, resource-heavy industry, offering the potential for capital appreciation during commodity booms. Meanwhile, TFI International is a stable, service-oriented stock benefiting from e-commerce growth and economic recovery trends, providing resilience during market downturns.

Lundin Mining’s current valuation is attractive, trading at just 1.34 times book value, which is lower than many peers. The company has effectively managed its debt with a current ratio of 1.4, ensuring financial stability. Plus, with increasing global infrastructure projects and electrification, Lundin’s long-term outlook is bright.

TFI International, priced at $195.60 as of writing, remains a growth stock with consistent performance. Its strong institutional ownership at 74.74% reflects confidence in its strategic acquisitions and cost-efficient operations. With a history of leveraging its assets to generate free cash flow ($481.91 million in the last 12 months), TFII has room to reward shareholders while funding growth.

How much you can get

Investing in these stocks aligns with a smart diversification strategy. Commodities like those mined by Lundin offer inflation hedges, while logistics stocks like TFI benefit from long-term e-commerce trends. Together, these reduce portfolio risk and provide stability in a volatile market.

Another key benefit of these stocks is their capacity for dividend reinvestment. Both companies offer consistent payouts that can be reinvested to buy more shares over time, compounding your investment without additional contributions. With Lundin and TFI’s growth trajectory, this reinvestment could accelerate wealth creation. In fact, here is what investors could earn from half that $30,000 investment in each.

COMPANY	RECENT PRICE	NUMBER OF SHARES	DIVIDEND	TOTAL PAYOUT	FREQUENCY	TOTAL INVESTMENT
LUN	$13	1,154	$0.36	$415.44	quarterly	$15,000
TFII	$197	76	$2.58	$196.08	quarterly	$15,000

Bottom line

Ultimately, putting $30,000 into LUN and TFII is a calculated way to grow wealth while enjoying the perks of passive income. These stocks offer stability, growth, and dividends, making them a winning duo in your diversified investment portfolio. And this investment could bring in $611.52 in dividend income alone each year!

The post Invest $30,000 in 2 TSX Stocks and Create $611.52 in Dividend Income appeared first on The Motley Fool Canada.

Should you invest $1,000 in Lundin Mining Corporation right now?

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The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Lundin Mining Corporation wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

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More reading

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

2025

VANCOUVER. BC, Jan. 6, 2025 /CNW/ – Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce that the deadline for registered shareholders (the "Registered Shareholders") of the issued and outstanding common shares of Filo (the "Filo Shares") and for holders of stock options of Filo (the "Optionholders") to make elections in respect of the consideration receivable pursuant to the Arrangement (as defined below) is 5:00 P.M. (Toronto Time) on January 9, 2025 (the "Election Deadline"). PDF Version

The letter of transmittal and election form (the "Letter of Transmittal") outlines the necessary documentation and information required to be sent to the depositary for the Arrangement, Computershare Investor Services Inc. (the "Depositary"), by each Registered Shareholder and Optionholder in order to receive the consideration to which they are entitled under the Arrangement, and make an election with respect to the form of consideration they wish to receive. For complete instructions, please refer to the Letter of Transmittal previously mailed to Registered Shareholders and Optionholders on December 12, 2024 and also available under Filo's profile on SEDAR+ at www.sedarplus.ca and on the Company's corporate website at http://filocorp.com/investors/corporate-filings/.

All elections and deposits made under a Letter of Transmittal are irrevocable and may not be withdrawn. However, an election made under a Letter of Transmittal on or prior to the Election Deadline may be changed by depositing a new Letter of Transmittal with the Depositary on or prior to the Election Deadline. Should the Arrangement not proceed for any reason, the deposited certificates and/or DRS advices representing Filo Shares (if applicable) and other relevant documents shall be returned.

The Letter of Transmittal is for use by Registered Shareholders and Optionholders only. Beneficial (nonregistered) shareholders whose Filo Shares are registered in the name of a broker, investment bank, bank, trust company, custodian, nominee or other intermediary (each, an "Intermediary") should contact that Intermediary for instructions and assistance in making an election.

Shareholders who hold Filo Shares directly or indirectly through the central securities depository in Sweden run by Euroclear Sweden AB ("Euroclear Holders") do not need to submit a Letter of Transmittal. For complete instructions for Euroclear Holders, please refer to the press release of the Company dated December 11, 2024.

Filo is also pleased to announce that it has obtained all key regulatory approvals required to complete the previously announced arrangement involving, among others, the Company, BHP Investments Canada Inc. ("BHP"), a wholly-owned subsidiary of BHP Group Limited, and Lundin Mining Corporation (TSX: LUN) (OMX: LUMI) ("Lundin Mining", and together with BHP, the "Purchaser Parties"), pursuant to which the Purchaser Parties will, among other things, acquire all of the Filo Shares not already owned by the Purchaser Parties and their respective affiliates (the "Arrangement").

Subject to the satisfaction or waiver of the remaining conditions to implementing the Arrangement, it is expected that the Arrangement will close on or about January 15, 2025.

Following completion of the Arrangement, the Filo Shares will be delisted from the Toronto Stock Exchange and the Nasdaq First North Growth Market. An application will also be made for the Company to cease to be a reporting issuer in the applicable jurisdictions following completion of the Arrangement.

About Filo Corp.

Filo is a Canadian exploration and development company focused on advancing its 100% owned Filo del Sol copper-gold-silver deposit located in San Juan Province, Argentina and adjacent Region III, Chile. The Company's shares are listed on the Toronto Stock Exchange and Nasdaq First North Growth Market under the trading symbol "FIL", and on the OTCQX under the symbol "FLMMF".

Additional Information

The Company's certified adviser on the Nasdaq First North Growth Market is Bergs Securities AB, +46 8 506 51703, rutger.ahlerup@bergssecurities.se.

The information contained in this news release was accurate at the time of dissemination, but may be superseded by subsequent news release(s).

The information was submitted for publication by the contact persons below on January 6, 2025 at 1:00 am EST.

Twitter: https://twitter.com/filo_corpLinkedIn: https://www.linkedin.com/company/filocorp/Instagram: https://www.instagram.com/filo_corp/Facebook: https://www.facebook.com/FiloCorpOfficial

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This press release may contain certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking information") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, including, without limitation, the consummation and timing of the Arrangement; the satisfaction of the conditions precedent to the Arrangement; the expected timing of closing of the Arrangement; and the expected timing of delisting from stock exchanges, may be forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved.

Forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Important factors that could cause actual results to differ materially from the Company's expectations include failure to satisfy or waive the closing conditions to the Arrangement; changes in laws, regulations and government practices; government regulation of mining operations; environmental risks; and other risks and uncertainties disclosed in the Company's periodic filings with Canadian securities regulators and in other Company reports and documents filed with applicable securities regulatory authorities from time to time, including the Company's Annual Information Form available under the Company's profile at www.sedarplus.ca. The Company's forward-looking information reflects the beliefs, opinions, and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking information or beliefs, opinions, projections, or other factors, should they change, except as required by law.

Filo Sets Election Deadline and Announces Anticipated Closing Date in Connection with the Acquisition by BHP and Lundin Mining (CNW Group/Filo Corp.)

SOURCE Filo Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/06/c6976.html

Honey Badger Silver Inc. (TSXV:TUF) ("Honey Badger" or the "Company") is pleased to announce that is has closed the second and final tranche on Friday, January 3, 2025, of the non-brokered private placement previously announced on November 21, 2024, December 16, 2024 and December 31, 2024 (the "Offering"), through the issuance of 1,619,231 non-flow-through units (the "NFT Units") at a purchase price of $0.13 per NFT Unit (the "NFT Offering Price") and 465,000 flow-through shares ("FT Shares") at a purchase price of $0.16 per FT Share (the "FT Offering Price"), for total aggregate proceeds of $284,900 (the "Second Tranche"). All dollar amounts in this news release are in Canadian funds.

The Company raised aggregate gross proceeds of $1,000,400, from the first tranche closed on December 16, 2024, and the Second Tranche, through the sale of:

6,276,923 NFT Units for gross proceeds of $816,000; and
1,152,500 FT Shares for gross proceeds of $184,400.

Each NFT Unit will consist of one non-flow-through common share of the Company and one non-flow-through common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share of the Company for an exercise price of $0.18 per share for a period of 36 months from its date of issuance.

Each FT Share will consist of one flow-through common share of the Company.

The Company will use the proceeds of the sale of FT Shares in the Offering to fund programs to advance one or more of the Company's properties located in the Yukon, Northwest Territories, and Nunavut that will qualify, once renounced, as "flow-through mining expenditures", as that term is defined in the Income Tax Act (Canada). The Company intends to use the net proceeds of the sale of the NFT Units to fund programs to advance one or more of the Company's properties and for general and administrative purposes.

In connection with the Second Tranche, the Company paid aggregate cash finder's fees of $5,514 and issued 27,900 non-transferable finder's warrants to certain arm's length finders.

In total of the first and Second Tranche of the Offering, the Company paid an aggregate total of $12,764 and issued 79,775 non-transferrable finder warrants ("Finder Warrants") in satisfaction of finder's fees on the Offering. The Finder Warrants entitle the holders thereof to purchase one common share (a "Warrant Share") of the Company at a price of C$0.18 per share for a period of thirty-six (36) months from its date of issuance.

The securities issued in connection with the Offering will be subject to a four-month and a day hold period. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

Insider Participation

Dorian L. (Dusty) Nicol, Chief Executive Officer and Director of the Company and Chad Williams, Non-Executive Chairman and Director of the Company, participated in the Second Tranche of the Offering with Mr. Nicol subscribing for 384,615 NFT Units, and Mr. Williams subscribing for 600,000 NFT Units which constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of Messer's Nicol and Williams in the Offering in reliance of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the insider participation does not exceed 25% of the Company's market capitalization as determined in accordance with MI 61-101. The Company obtained approval by the board of directors of the Company to the Offering, with Messer's Nicol and Williams declaring and abstaining from voting on the resolutions approving the Offering with respect to their participation in the Offering. No materially contrary view or abstention was expressed or made by any director of the Company in relation thereto.

Mr. Williams' aggregate participation in the Offering is 2,907,692 NFT Units. Mr. Nicol's aggregate participation in the Offering is 384,615 NFT Units.

Mr. Williams is anticipated to become a new Control Person of the Company as a result of his participation in the Offering. The Company will be seeking disinterested shareholder approval for the creation of a new Control Person, at the Annual General and Special Meeting of shareholders to be held on February 14, 2025.

Caution to US Investors

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Honey Badger Silver Inc.

Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (2,3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources and the Company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral resources.

(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper, and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51 grams/tonne gold.

(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.

(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, CEO

For more information please visit our website www.honeybadgersilver.com or contact Mrs. Sonya Pekar for Investor Relations | spekar@honeybadgersilver.com | +1 (647) 498-8244.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, risks relating to the anticipated completion of the Offering, 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.

As the U.S. stock market begins 2025 on a challenging note, with major indices extending recent declines, investors are increasingly seeking stability and income through dividend stocks. In a market environment marked by volatility and uncertainty, selecting dividend-paying stocks can provide a reliable source of income while potentially enhancing portfolio resilience.

Top 10 Dividend Stocks In The United States

Name	Dividend Yield	Dividend Rating
WesBanco (NasdaqGS:WSBC)	4.64%	★★★★★★
Columbia Banking System (NasdaqGS:COLB)	5.36%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	5.12%	★★★★★★
Interpublic Group of Companies (NYSE:IPG)	4.69%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.71%	★★★★★★
Dillard’s (NYSE:DDS)	5.77%	★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK)	5.88%	★★★★★★
Ennis (NYSE:EBF)	4.77%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	6.13%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.93%	★★★★★★

Click here to see the full list of 162 stocks from our Top US Dividend Stocks screener.

Let’s take a closer look at a couple of our picks from the screened companies.

EOG Resources

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: EOG Resources, Inc. is involved in the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas primarily in the United States and Trinidad and Tobago with a market cap of $68.95 billion.

Operations: EOG Resources generates revenue of $23.86 billion from its crude oil and natural gas exploration and production activities.

Dividend Yield: 3.1%

EOG Resources trades at a significant discount to its estimated fair value, offering potential value for investors. Its dividend yield of 3.13% is lower than the top 25% of US dividend payers, but its payout ratio of 29.2% suggests dividends are well-covered by earnings and cash flows (36.8%). However, EOG’s dividend history is volatile and unreliable over the past decade. Recent financial activities include a $994 million fixed-income offering and share buybacks totaling $3.21 billion since 2021.

NYSE:EOG Dividend History as at Jan 2025Bank of N.T. Butterfield & Son

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: The Bank of N.T. Butterfield & Son Limited offers community, commercial, and private banking services to individuals and small to medium-sized businesses, with a market cap of approximately $1.61 billion.

Operations: The Bank of N.T. Butterfield & Son Limited generates its revenue primarily from its banking segment, which amounts to $573.10 million.

Dividend Yield: 4.8%

Bank of N.T. Butterfield & Son offers a compelling dividend yield of 4.84%, placing it in the top 25% of US dividend payers, supported by a low payout ratio of 38.5%. Despite having only an eight-year history, dividends have been stable and reliable. Recent strategic moves include a $100 million share buyback program and plans for acquisitions, indicating robust capital management while maintaining focus on shareholder returns through consistent quarterly dividends.

NYSE:NTB Dividend History as at Jan 2025Southern Copper

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Southern Copper Corporation is involved in the mining, exploration, smelting, and refining of copper and other minerals across Peru, Mexico, Argentina, Ecuador, and Chile with a market cap of $72.03 billion.

Operations: Southern Copper Corporation generates revenue primarily from its Mexican Open-Pit operations ($5.97 billion), Peruvian Operations ($4.47 billion), and the Mexican Industrial Minera Mexico and Subsidiaries (IMMSA) Unit ($673 million).

Dividend Yield: 3%

Southern Copper’s dividend payments are covered by earnings with a payout ratio of 61.4% and cash flows at 86.1%, though the yield of 3.02% is below top-tier US payers. Despite past volatility, dividends have grown over the last decade, highlighted by a recent increase to $0.70 per share in October 2024. The company reported strong Q3 results with net income rising to US$896.7 million, reflecting robust operational performance amid board changes and no recent buyback activity.

NYSE:SCCO Dividend History as at Jan 2025Summing It All Up

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Companies discussed in this article include NYSE:EOG NYSE:NTB and NYSE:SCCO.

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

Written by Amy Legate-Wolfe at The Motley Fool Canada

OpenText (TSX:OTEX) and Lundin Mining (TSX:LUN) have both taken a bit of a tumble lately. In fact, both stocks are down 33% as of writing from 52-week highs. Yet that doesn’t mean they’ve lost their charm. In fact, if you look closely, these two TSX-listed stocks might be an opportunity long-term investors dream about. So let’s get into it.

OpenText

OpenText, a heavyweight in enterprise information management, has seen its stock slip recently. Despite this pullback, OpenText’s fundamentals remain solid. The dividend stock offers a forward price/earnings (P/E) ratio of just 8.1. Yet it’s now trading at an attractive valuation relative to its earnings potential. Profit margins are holding steady at 8.4%. Plus operating margins of nearly 20% signal the company’s ability to run a tight, efficient operation. Even during uncertain economic times. For those who appreciate consistent dividends, OpenText doesn’t disappoint. Its forward annual dividend yield of 3.5% at writing provides steady passive income.

Digging into its most recent quarterly performance, OpenText’s revenue over the trailing 12 months came in at $5.6 billion. While there was an 11% year-over-year dip in quarterly revenue, earnings growth stood out, rising 4.3% during the same period. This highlights the company’s ability to control costs and deliver value to shareholders even as top-line revenue faces some headwinds.

Add in robust operating cash flow of $842.8 million and levered free cash flow of $928 million, and OpenText’s financial health looks strong enough to weather short-term volatility. The tech sector has had its share of ups and downs. Yet OpenText’s consistent dividend payments and improving earnings outlook suggest the market may be underestimating its potential. For investors with a long-term view, this could be the ideal moment to scoop up shares at a relative discount.

Lundin

Lundin Mining, on the other hand, offers a very different kind of opportunity but one that’s equally compelling. The dividend stock is currently trading at $12.34, down about 1.5% recently. As a diversified base metals producer, Lundin operates in the ever-cyclical mining industry. The company’s market cap sits at $9.7 billion. And with a forward P/E ratio of 12.9, it’s reasonably valued given its growth potential. Lundin’s operating margin of 24% and profit margin of 6.6% demonstrate the company’s ability to operate profitably despite fluctuating commodity prices. Investors looking for income will also appreciate the company’s forward annual dividend yield of 2.9% at writing – a respectable payout that adds stability to an otherwise volatile sector.

Lundin’s recent earnings report for Q3 2024 painted a positive picture. Revenue came in at $1.1 billion, supported by the sale of 90,069 tonnes of copper at a solid realized price of $4.29 per pound. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) hit $457.7 million, while net earnings attributable to shareholders reached $101.2 million, or $0.13 per share. These numbers reflect Lundin’s ability to capitalize on strong copper prices, which remain a major driver for the company’s bottom line. Lundin’s diversified operations, spanning Canada, Sweden, Chile, and Brazil, give it exposure to a variety of markets while reducing its dependency on any single jurisdiction.

What’s particularly exciting about Lundin right now is its strategic realignment. The recent sale of the Neves-Corvo and Zinkgruvan mines for up to $1.5 billion represents a shift toward optimizing its portfolio. By offloading these assets, Lundin will free up capital to focus on core projects and explore new growth opportunities in its pipeline. This kind of strategic maneuvering often signals a company preparing for its next phase of expansion. And investors willing to hold for the long haul may reap the benefits. With total cash on hand at $349.6 million and operating cash flow at $1.2 billion, Lundin also has the liquidity needed to execute its plans without overstretching its balance sheet.

Bottom line

Both OpenText and Lundin Mining stand out as solid dividend stocks for investors looking for value in a market where many stocks remain fully priced. While recent price dips might cause short-term concern, for those willing to hold, these companies appear to be setting the stage for future gains. Whether you’re a fan of tech stability or mining momentum, both dividend stocks offer a chance to buy now and reap the rewards later.

The post 2 Magnificent TSX Dividend Stocks Down 33% to Buy and Hold Forever appeared first on The Motley Fool Canada.

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2024

Honey Badger Silver Inc. (TSXV:TUF) ("Honey Badger" or the "Company") provides further information respecting its non-brokered placement which was the subject of its news releases of November 21 and December 16, 2024 (the "Offering").

The Company intends to close on aggregate gross proceeds of $1,000,400, from the sale of:

6,276,923 non-flow through units ("NFT Units") at a purchase price of $0.13 per NFT Unit (the "NFT Offering Price") for gross proceeds of $816,000; and
1,152,500 flow-through shares ("FT Shares") at a price of $0.16 per FT Share (the "FT Offering Price") for gross proceeds of $184,400.

As previously described, the Company anticipates that, upon the closing of additional tranches, the Offering will consist of a combination of NFT Units at the NFT Offering Price, and FT Shares at the FT Offering Price.

Each FT Share will consist of one flow-through common share of the Company.

Caution to US Investors

About Honey Badger Silver Inc.

(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, CEO

For more information please visit our website www.honeybadgersilver.com or contact Mrs. Sonya Pekar for Investor Relations | spekar@honeybadgersilver.com | +1 (647) 498-8244.

Cautionary Note Regarding Forward-Looking Information

SOURCE: Honey Badger Silver Inc.

While recent shifts in bond yields have impacted prices, they also suggest potential for stronger fixed-income returns as the Bank of Canada continues to adjust rates. In this context, understanding what makes a good stock is crucial—particularly when considering penny stocks, which can still offer valuable opportunities despite being considered somewhat outdated. These smaller or newer companies may provide investors with hidden value and growth potential when backed by strong financials.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Findev (TSXV:FDI)	CA$0.445	CA$12.75M	★★★★★★
Mandalay Resources (TSX:MND)	CA$3.97	CA$372.82M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.31	CA$117.44M	★★★★★★
Silvercorp Metals (TSX:SVM)	CA$4.32	CA$939.87M	★★★★★★
PetroTal (TSX:TAL)	CA$0.56	CA$510.73M	★★★★★★
Foraco International (TSX:FAR)	CA$2.28	CA$224.43M	★★★★★☆
East West Petroleum (TSXV:EW)	CA$0.04	CA$3.62M	★★★★★★
NamSys (TSXV:CTZ)	CA$1.25	CA$33.58M	★★★★★★
Hemisphere Energy (TSXV:HME)	CA$1.79	CA$174.58M	★★★★★☆
Enterprise Group (TSX:E)	CA$1.89	CA$116.34M	★★★★☆☆

Click here to see the full list of 959 stocks from our TSX Penny Stocks screener.

Let’s uncover some gems from our specialized screener.

Cabral Gold

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Cabral Gold Inc. is a mineral exploration and development company primarily focused on gold properties in Brazil, with a market cap of CA$46.69 million.

Operations: Currently, there are no reported revenue segments for this mineral exploration and development company.

Market Cap: CA$46.69M

Cabral Gold Inc., a pre-revenue mineral exploration company, recently closed a private placement raising CA$2.1 million, indicating ongoing efforts to secure capital amidst its unprofitable status. The company’s recent exploration results at the Jerimum Cima target within the Cuiú Cuiú Gold District highlight promising gold-in-oxide mineralization, potentially expanding resource estimates. However, challenges persist with shareholder dilution and limited cash runway despite recent fundraising efforts. The board and management are relatively inexperienced with short tenures, suggesting potential for strategic shifts as Cabral continues its exploration activities in Brazil without significant revenue streams.

TSXV:CBR Debt to Equity History and Analysis as at Dec 2024Palisades Goldcorp

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Palisades Goldcorp Ltd. is a resource investment company and merchant bank that invests in junior companies within the resource and mining sector, with a market cap of CA$69.46 million.

Operations: The company generates revenue from its Metals & Mining segment, specifically in Gold & Other Precious Metals, amounting to CA$1.44 million.

Market Cap: CA$69.46M

Palisades Goldcorp Ltd., a resource investment company, reported CA$1.26 million in revenue for Q3 2024, marking an improvement from negative figures the previous year. Despite this, the company remains pre-revenue with substantial losses and a negative return on equity of -46.95%. The recent resignation of board member Bill Hayden and its removal from the S&P/TSX Venture Composite Index could signal strategic shifts. While debt-free with a stable cash runway exceeding three years, Palisades faces challenges covering long-term liabilities with short-term assets and has not experienced shareholder dilution recently.

TSXV:PALI Debt to Equity History and Analysis as at Dec 2024Wallbridge Mining

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Wallbridge Mining Company Limited focuses on the acquisition, exploration, discovery, development, and production of gold properties with a market cap of CA$71.28 million.

Operations: Wallbridge Mining Company Limited does not report any specific revenue segments.

Market Cap: CA$71.28M

Wallbridge Mining Company Limited, with a market cap of CA$71.28 million, is pre-revenue and currently unprofitable. The company has experienced shareholder dilution over the past year and faces challenges covering long-term liabilities with its short-term assets. Despite these financial hurdles, Wallbridge recently reported promising metallurgical test results from its Martiniere Gold Project, achieving gold recoveries up to 84.8%. Additionally, recent drilling at the Fenelon Gold Project returned significant high-grade gold intercepts, indicating potential resource expansion. Wallbridge remains debt-free but has a limited cash runway of nine months based on current estimates.

TSX:WM Debt to Equity History and Analysis as at Dec 2024Where To Now?

Unlock more gems! Our TSX Penny Stocks screener has unearthed 956 more companies for you to explore.Click here to unveil our expertly curated list of 959 TSX Penny Stocks.
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Companies discussed in this article include TSXV:CBR TSXV:PALI and TSX:WM.

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, Dec. 19, 2024 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX:WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) today reports the results of its 2024 metallurgical testing program for its Martiniere Gold Project (“Martiniere”). Test work completed by SGS Lakefield Research Ltd. (“SGS Lakefield”) indicates gold recoveries of up to 84.8% can be achieved using conventional and proven technologies.

The 2024 metallurgical testing program was done as an initial test to evaluate potential gold recoveries for various grind sizes and processing technologies applied to a representative sample composite collected from five holes drilled along the Bug Lake zone at Martiniere (see map below). Material collected was tested for its amenability to gravity separation, flotation, and cyanidation under varying grind sizes and conditions. Testing shows gold recoveries up to 84.8% can be achieved using a combination of gravity, flotation, regrind and cyanidation of sulfide concentrate and flotation tailings (see table below).

“These initial metallurgical test results are positive and achieve two important objectives,” stated Brian Penny, Wallbridge Chief Executive Officer. “First, they demonstrate that good gold recoveries can be attained from Bug Lake mineralization. Second, they indicate these recoveries can be achieved using well-established time-tested mineral processing technologies. Moreover, the information generated by this year’s metallurgical testing program at Martiniere provides a solid foundation for the design of future metallurgical and related technical studies as we continue to explore the deposit and advance the project.”

Metallurgical test work results:

The grade of the composite sample averaged 3.21 g/t Au. A gold recovery of 18.5% was achieved by gravity separation for material with a P80 grind size of 150 microns (“μm”). Flotation testing conducted on material with a P80 grind size of 83 μm achieved a gold recovery of 89.5%. Cyanidation (‘CN’) testing done on flotation tailings material yielded a maximum gold recovery of 68.2%. Cyanidation of sulfide concentrate re-ground to P80 at 29 μm and 16 μm returned gold recoveries of 62.0% and 82.9% respectively.

Overall, an average gold recovery of 84.8% was achieved after a 48 hour processing cycle involving a combination of gravity recovery, sulfide flotation, regrind of sulfide concentrate to P80 at 16 μm, and cyanidation of sulfide concentrate and residual flotation tailings.

Wallbridge Martiniere Gold Project: 2024 Metallurgical Test Summary
Tests	Gold Recovery %
Tests	GravitySeparation	Cyanidation of Sulfide Flotation Concentrate and Flotation Tails
Time (hours)	t = 0	6 Hr	24 Hr	36 Hr	48 Hr
Combined Tail – Concentrate @ 29 μm	18.5%	71.0	73.2	73.0	73.6
Combined Tail – Concentrate @ 16μm	18.5%	84.4	84.4	85.3	84.8
CN Flotation Concentrate @ 29 μm	18.5%	66.4	67.3	67.2	67.8
CN Flotation Concentrate @ 16 μm	18.5%	79.7	78.6	79.5	79.0
CN Flotation Tails @ 83 μm	18.5%	23.1	24.3	24.3	24.3

2024 Metallurgical Composite Sample Locations

Quality Assurance / Quality Control

Wallbridge 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 SGS in Val d’Or, Quebec where they are re-distributed to other SGS laboratory facilities according to the analytical method being requested by Walbridge. Gold analyses are routinely performed via fire assay with ICP-OES finish methods. For greater precision and accuracy, samples assaying 10 g/t Au or greater are re-assayed via metallic screen fire assay method or fire assay/gravimetric finish, depending on the amount of sample material remaining available. Samples containing visible gold are submitted directly for analysis by metallic screen fire assay method.

Material collected for metallurgical testing was selected by Wallbridge geologists from individual drill core samples based on their analyzed gold grades and style of mineralization consistent with the broader Bug Lake zone. A total of 180 kilograms of mineralized drill core was collected and submitted to SGS Lakefield Research facility, a division of SGS Canada. SGS Lakefield is the only commercial laboratory that is accredited to ISO Guide 25, supplemented by CAN-P-1579 for mineral analysis.

SGS Natural Resources analytical laboratories operate under a Quality Management System that conforms to the requirements of ISO/IEC 17025. All of SGS’ Canadian analytical sites are accredited by the Standards Council of Canada (SCC) for specific mineral tests listed on the scope of accreditation to the ISO/IEC 17025 standard. ISO/IEC 17025 addresses both the quality management system and the technical aspects of operating a testing laboratory. Physical sample preparation involving accredited test methods as listed on the scope of accreditation may be performed at other sites listed on the SGS Canada Inc – Natural Resources – Minerals group accreditation or at offsite sample preparation laboratories that are monitored regularly for quality control and quality assurance practices, including SGS Canada Inc, Garson, SGS Canada Inc, Val d’Or and SGS Canada Inc, Grand Falls-Windsor.

Qualified Person

The Qualified Person responsible for the technical content of this news release is Francois Chabot, Eng., M.Sc., Manager Technical Studies for Wallbridge.

About Wallbridge Mining

Wallbridge’s most advanced projects, Fenelon Gold (“Fenelon”) and Martiniere Gold (“Martiniere”) incorporate a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere are located within an 830 square kilometre exploration land package in the Northern Abitibi region of Quebec.

Wallbridge has reported a positive Preliminary Economic Assessment (“PEA”) at Fenelon that estimates average annual gold production of 212,000 ounces over 12 years.

For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:

Wallbridge Mining Company LimitedBrian Penny, CPA, CMACEOTel: (416) 716-8346Email: bpenny@wallbridgemining.com M: +1 416 716 8346

Tania Barreto, CPIRDirector, Investor RelationsEmail: tbarreto@wallbridgemining.com M: +1 289 819 3012

Cautionary Note Regarding Forward-Looking Information

FLI in this document may include, but is not limited to: statements regarding the results of the PEA; the potential future performance of the Common Shares; 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 MRE’s at Fenelon and Martiniere (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.

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 and metallurgical testing; 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; 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 InvestorsWallbridge 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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1619fa3-1fb1-46df-ae99-142e7f53cce6

Southern Copper (SCCO) closed the most recent trading day at $96.74, moving -0.67% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.39%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 0.32%.

Shares of the miner witnessed a loss of 4.36% over the previous month, trailing the performance of the Basic Materials sector with its loss of 2.52% and the S&P 500's gain of 3.6%.

Investors will be eagerly watching for the performance of Southern Copper in its upcoming earnings disclosure. On that day, Southern Copper is projected to report earnings of $1.06 per share, which would represent year-over-year growth of 85.96%. Meanwhile, the latest consensus estimate predicts the revenue to be $2.85 billion, indicating a 24.24% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates project earnings of $4.45 per share and a revenue of $11.79 billion, demonstrating changes of +43.09% and +19.11%, respectively, from the preceding year.

Investors should also note any recent changes to analyst estimates for Southern Copper. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 1.71% lower. Southern Copper is currently a Zacks Rank #3 (Hold).

Looking at valuation, Southern Copper is presently trading at a Forward P/E ratio of 21.9. This signifies no noticeable deviation in comparison to the average Forward P/E of 21.9 for its industry.

It's also important to note that SCCO currently trades at a PEG ratio of 1.52. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Mining – Non Ferrous industry stood at 0.96 at the close of the market yesterday.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 137, which puts it in the bottom 46% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

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CATL Commits US$4.4 Billion to Expand Mining Business

Mark Morabito’s Intrepid Metals Secures Key Land Position at Corral Copper Project in Arizona

India Expands Access to Critical Minerals With Mining Rule Changes

Glomar and Cobalt Blue Target US Refinery for Seabed Mineral Processing

Ontario Funds 68 Early-Stage Mining Projects Through Exploration Program