Base Metals Archives - Page 38 of 97

In this article, we discuss the top 10 dividend stock picks of billionaire Ken Fisher. If you want to skip our detailed analysis of these stocks, go directly to Billionaire Ken Fisher’s Top 5 Dividend Stock Picks.

Ken Fisher is one of the most well-known hedge fund managers on Wall Street. The portfolio of his hedge fund, Fisher Asset Management, was more than $159 billion at the end of June 2021 with the top holdings concentrated in the technology, healthcare, and financial sectors. The top ten holdings comprise over 31% of the entire portfolio. According to the latest filings, the portfolio value of the fund jumped over 18% billion between March and June this year. Fisher has a personal net worth of more than $6 billion.

During the second quarter, the billionaire, through his hedge fund, made new purchases in 86 stocks, bought additional stakes in 376, sold out of 76, and reduced holdings in 417 stocks. Over the years, Fisher has championed an investment strategy that compares the share price against expectations of growth, making handsome returns in the process. His dividend stocks picks have especially outshone the market, making him a legend in the value investing universe even though his portfolio is growth heavy.

Some of the top dividend stock picks in the Fisher Asset Management portfolio at the end of the second quarter of 2021 included The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT), among others discussed in detail below. The returns of the hedge fund led by Fisher have consistently beat market benchmarks like the S&P 500 over the past few years, earning Fisher cult-like status on Wall Street and indeed around the world.

Billionaire Ken Fisher’s Top 10 High Dividend Stock Picks

Our Methodology

With this context in mind, here is our list of the top 10 dividend stock picks of billionaire Ken Fisher. These were picked from the investment portfolio of Fisher Asset Management at the end of the second quarter of 2021.

The list is compiled according to the value of each holding in the portfolio of Fisher Asset Management. The hedge fund sentiment around each stock was gauged using the data of 873 hedge funds tracked by Insider Monkey.

Why pay attention to hedge fund holdings? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Billionaire Ken Fisher’s Top Dividend Stock Picks

10. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 42

Forward Dividend Yield: 3.25%

Analysts have been bullish on 3M Company (NYSE:MMM) stock since the company posted strong earnings for the second quarter in late July. Advisory Langenberg recently upgraded the stock to Buy from Hold with a price target of $210. Wells Fargo had initiated the stock at Equal Weight with a $179 target on October 7. The company smashed market expectations on earnings per share and revenue in the second quarter by $0.31 and $360 million respectively.

According to 13F filings, Fisher Asset Management owned 5.3 million shares in 3M Company (NYSE:MMM) worth over $1 billion at the end of the second quarter of 2021, representing 0.67% of the portfolio of the fund.

Out of the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm AQR Capital Management is a leading shareholder in 3M Company (NYSE:MMM) with 1.1 million shares worth more than $235 million.

Just like The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT), 3M Company (NYSE:MMM) is one of the dividend stocks attracting the attention of elite investors.

9. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 108

Forward Dividend Yield: 2.40%

JPMorgan Chase & Co. (NYSE:JPM) is one of the most trusted names in the banking sector and many elite investors have bullish views on the stock. The company has strong fundamentals and recently had stock price targets raised at advisors like BMO Capital, Credit Suisse, Jefferies and Barclays. The company beat market expectations on revenue in the third quarter by $0.74.

According to the latest data, Fisher Asset Management owned 6.9 million shares in JPMorgan Chase & Co. (NYSE:JPM) at the end of June 2021 worth more than $1 billion, representing 0.67% of the portfolio of the fund.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in JPMorgan Chase & Co. (NYSE:JPM) with 6.9 million shares worth more than $1 billion.

In addition to The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT), JPMorgan Chase & Co. (NYSE:JPM) is one of the dividend stocks that hedge funds are buying.

In its Q4 2020 investor letter, Bretton Fund, an asset management firm, highlighted a few stocks and JPMorgan Chase & Co. (NYSE:JPM) was one of them. Here is what the fund said:

“After a strong performance in 2019, we wrote this about our bank stocks in last year’s report: “There will be another recession sooner than later, and our banks will see larger loans losses, but we think this is more than priced into the stock, and our banks are well reserved for that eventuality.” Little did we know “sooner” really meant “a few weeks from now.” Despite the economic shock, the banks still have huge capital cushions that can absorb large loan losses. Our remaining bank investments, JPMorgan and Bank of America, increased their reserves significantly at the beginning of the Covid-19 crisis in anticipation of imminent loan defaults, but with the government stimulus and perhaps a more resilient economy than many would have guessed, actual loan losses are up only slightly. They might happen later in 2021, but with an additional stimulus package and the vaccine rolling out, the large-scale losses may not be as bad as most people predicted. The bigger drag on the banks’ earnings power is lower rates, which in our opinion will persist for a long time. Despite this drag, we estimate both JPMorgan and Bank of America will continue to grow revenue and earnings over the next few years, while we believe their stocks remain bargains in a somewhat expensive market. JPMorgan’s earnings per share declined 17% last year, and its stock returned -5.5%. Bank of America’s earnings, which are more sensitive to interest rates, were down 32%, and its stock returned -11.6%.”

8. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 21

Forward Dividend Yield: 9.73%

Mining stocks have soared as iron ore prices skyrocket amid a crackdown against the mining industry in China and increased demand for the metal in the post-pandemic economy. Rio Tinto Group (NYSE:RIO), a mining firm based in the United Kingdom, has benefited from this environment. Exane BNP Paribas analyst Sylvain Brunet recently upgraded the stock to Outperform from Neutral with a price target of GBP5,630.

Securities filings reveal that Fisher Asset Management owned 12.9 million shares in Rio Tinto Group (NYSE:RIO) at the end of the second quarter of 2021 worth over $1 billion, representing 0.68% of the portfolio of the fund.

Out of the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in Rio Tinto Group (NYSE: RIO) with 1.8 million shares worth more than $156 million.

Along with The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT), Rio Tinto Group (NYSE:RIO) is one of the dividend stocks on the radar of institutional investors.

7. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 105

Forward Dividend Yield: 1.35%

Although most biotech stocks operate in the high-growth domain, UnitedHealth Group Incorporated (NYSE:UNH) is one healthcare firm that has made a name for itself in the value investing universe. The company recently smashed market predictions on earning per share and revenue in the third quarter, raising guidance numbers and prompting price target raises from Evercore ISI and Credit Suisse.

Regulatory filings show that Fisher Asset Management owned more than 2.8 million in UnitedHealth Group Incorporated (NYSE:UNH) at the end of June 2021 worth $1.1 billion, representing 0.71% of the portfolio of the fund.

At the end of the second quarter of 2021, 105 hedge funds in the database of Insider Monkey held stakes worth $13 billion in UnitedHealth Group Incorporated (NYSE:UNH), up from 89 in the preceding quarter worth $12 billion.

The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT) are some of the top dividend stocks to buy now, just like UnitedHealth Group Incorporated (NYSE:UNH).

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and UnitedHealth Group Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

“A good way to conceptualize how we think about portfolio construction is to picture a pyramid. At the bottom of the pyramid are the durable compounding growth companies that form the strong foundation, resilience and consistency for the Strategy. We think these companies should comprise just under half of portfolio assets and feature annual revenue growth rates ranging from two times GDP up to 20% as well as healthy free cash flow generation.

UnitedHealth Group, a name we have owned in the Strategy since 1992, is a good example of a long-term compounder, having grown its revenue base from approximately $600 million to north of $260 billion over that time frame. It remains constantly focused on investing in new growth drivers such as telemedicine and health care analytics. Broadcom and Comcast have delivered similar long-term appreciation through a combination of organic growth, capital deployment into new and adjacent opportunities through merger and acquisition activity as well as returning capital to shareholders through buybacks and dividends.”

6. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 55

Forward Dividend Yield: 1.34%

Oracle Corporation (NYSE:ORCL) is another stock in the growth stock domain that features high on the dividend stock list of Ken Fisher, primarily because of the solid user base of the firm and the reputation of steady earnings growth it has developed over the years. Earlier this month, the company announced that it would be opening 14 cloud regions across the world to support demand for the Oracle Cloud in regions like the Middle East and Latin America.

Fisher Asset Management owned more than 14.8 million shares in Oracle Corporation (NYSE:ORCL) at the end of the second quarter of 2021 worth over $1.1 billion, representing 0.72% of the portfolio of the fund.

At the end of the second quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $2.8 billion in Oracle Corporation (NYSE:ORCL), up from 52 in the preceding quarter worth $2.8 billion.

The Home Depot, Inc. (NYSE:HD), Caterpillar Inc. (NYSE:CAT), and Walmart Inc. (NYSE:WMT) are some of the elite dividend stocks to buy now, just like Oracle Corporation (NYSE:ORCL).

Here is what Ariel Investments has to say about Oracle Corporation (NYSE:ORCL) in its Q1 2021 investor letter:

“A temporary factor might be a downturn in the high-yield bond market driving up LBO financing costs for the decline in 2021 GAAP revenue for Oracle Corporation (ORCL) due to a change in accounting methods. In all these examples, stock prices were driven well-below our calculations of intrinsic value. We invested in each company with good outcomes. Later, we will offer instances when this strategy is not successful.”

Click to continue reading and see Billionaire Ken Fisher’s Top 5 Dividend Stock Picks.

Understanding Return On Capital Employed (ROCE)

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for First Quantum Minerals:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.08 = US$1.8b ÷ (US$25b – US$2.3b) (Based on the trailing twelve months to June 2021).

Thus, First Quantum Minerals has an ROCE of 8.0%. On its own that's a low return, but compared to the average of 3.8% generated by the Metals and Mining industry, it's much better.

Check out our latest analysis for First Quantum Minerals

Above you can see how the current ROCE for First Quantum Minerals compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering First Quantum Minerals here for free.

How Are Returns Trending?

Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last five years to 8.0%. The amount of capital employed has increased too, by 29%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.

What We Can Learn From First Quantum Minerals' ROCE

In summary, it's great to see that First Quantum Minerals can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue.

One final note, you should learn about the 3 warning signs we've spotted with First Quantum Minerals (including 1 which is significant) .

While First Quantum Minerals may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.

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.

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

MELBOURNE, Australia, October 17, 2021–(BUSINESS WIRE)–Rio Tinto has announced a new three-year partnership with Telethon aimed at improving the health and wellbeing of children in Western Australia.

The partnership, which follows a $4 million donation in 2020, starts with a new $4 million donation delivered over this Telethon weekend and continues with $4 million each year to 2023,to support further research into mental health and juvenile diabetes.

This year, Rio Tinto’s $4 million donation will be distributed between three important health initiatives, The Rio Tinto Diabetes Global Research Centre, Embrace @ Telethon Kids Institute, and The Telethon Trust.

The donation to The Rio Tinto Diabetes Global Research Centre will support critical research into Type One diabetes to improve the lives of those living with the condition, the effects of which last long beyond childhood.

Funding delivered to Embrace @ Telethon Kids Institute over the next three years will enable Embrace to grow ‘big ideas’ and provide seed funding to build the state’s first research centre devoted to the mental health of children and young people.

The partnership will also deliver vital funds to the Telethon Trust, which distributes grants annually to a range of not for profit organisations that help transform the lives of WA children.

Rio Tinto Iron Ore Chief Executive, Simon Trott said, "Rio Tinto is delighted to be partnering with Telethon to help deliver critical research and initiatives that will improve the wellbeing of kids all across the state.

"Telethon is an iconic Western Australian charity event and Rio Tinto and its entire workforce is really proud to support this wonderful cause.

"We’re proud that this donation will help important children’s charities and amazing medical research into diabetes and mental health for our young people."

View source version on businesswire.com: https://www.businesswire.com/news/home/20211017005038/en/

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Jamie Macdonald
M +61 467 725 517

Kate Barcham
M +61 438 990 238

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: Pilbara

Company Executives share vision and answer questions live at VirtualInvestorConferences.com

NEW YORK, Oct. 15, 2021 /PRNewswire/ — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Uranium, Strategic and Precious Metals Investor Conference on October 19^th, 20^th, 21^st. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals and mining companies discuss their property positions, development schedules, market opportunity, and investment highlights.

(PRNewsfoto/VirtualInvestorConferences.com)

REGISTER NOW AT: https://bit.ly/3mTfIO2

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations or ask questions.

"OTC Markets is excited to host the three-day Uranium, Strategic and Precious Metals Investor Conference," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We appreciate the collaboration with our co-sponsor, Viriathus, and look forward to hearing from today's industry leaders."

October 19^th Agenda – Uranium:

Eastern Time (ET)	Presentation	Ticker(s)
9:30 AM	Keynote Presentation Guy Keller, Commodities Analyst at Tribeca Investment Partners Moderator: David Batista, Senior Managing Director at Viriathus
10:00 AM	Boss Energy Ltd.	(OTCQB: BQSSF \| ASX: BOE)
10:30 AM	Elevate Uranium Ltd.	(Pink: ELVUF \| ASX: EL8)
11:00 AM	Lotus Resources Ltd.	(OTCQB: LTSRF \| ASX: LOT)
11:30 AM	Bannerman Energy Ltd.	(OTCQB: BNNLF \| ASX: BMN)
12:00 PM	Consolidated Uranium Inc.	(OTCQB: CURUF \| TSX-V: CUR)
12:30 PM	UEX Corp.	(OTCQB: UEXCF \| TSX: UEX)
1:00 PM	Blue Sky Uranium Corp.	(OTCQB: BKUCF \| TSX-V: BSK)
1:30 PM	Peninsula Energy Ltd.	(OTCQB: PENMF \| ASX: PEN)
2:00 PM	Global Atomic Corp.	(OTCQX: GLATF \| TSX: GLO)
2:30 PM	Baselode Energy Corp.	(OTCQB: BSENF \| TSX-V: FIND)
3:00 PM	enCore Energy Corp.	(OTCQB: ENCUF \| TSX-V: EU)
3:30 PM	Paladin Energy Ltd.	(OTCQX: PALAF \| ASX: PDN)

October 20th Agenda – Strategic and Precious Metals:

Eastern Time (ET)	Presentation	Ticker(s)
9:30 AM	Adriatic Metals plc	(OTCQX: ADMLF \| ASX: ADT)
10:00 AM	Heliostar Metals Ltd.	(OTCQX: HSTXF \| TSX-V: HSTR)
10:30 AM	Steppe Gold Ltd.	(OTCQX: STPGF \| TSX: STGO)
11:00 AM	Newcore Gold Ltd.	(OTCQX: NCAUF \| TSX-V: NCAU)
11:30 AM	Giga Metals Corp.	(OTCQX: HNCKF \| TSX-V: GIGA)
12:00 PM	Barksdale Resources Corp.	(OTCQX: BRKCF \| TSX-V: BRO)
12:30 PM	Liberty Gold Corp.	(OTCQX: LGDTF \| TSX: LGD)
1:00 PM	TriStar Gold, Inc.	(OTCQX: TSGZF \| TSX-V: TSG)
1:30 PM	Nevgold Corp.	(OTCQB: NAUFF \| TSX-V: NAU)
2:00 PM	Adyton Resources Corp.	(OTCQB: ADYRF \| TSX-V: ADY)
2:30 PM	Pacific Ridge Exploration Ltd.	(OTCQB: PEXZF \| TSX-V: PEX)
3:00 PM	First Mining Gold Corp.	(OTCQX: FFMGF \| TSX: FF)
3:30 PM	Blue Thunder Mining Inc.	(OTCQB: BLTMF \| TSX-V: BLUE)
4:00 PM	Pampa Metals Corp.	(OTCQX: PMMCF \| CSE: PM)

October 21^st Agenda – Strategic and Precious Metals:

Eastern Time (ET)	Presentation	Ticker(s)
9:30 AM	Blackstone Minerals Ltd.	(OTCQX: BLSTF \| ASX: BSX)
10:00 AM	Frontier Lithium Inc.	(OTCQB: LITOF \| TSX-V: FL)
10:30 AM	Tinka Resources Ltd.	(OTCQB: TKRFF \| TSX-V: TK)
11:00 AM	Bear Creek Mining Corp.	(OTCQX: BCEKF \| TSX-V: BCM)
11:30 AM	C2C Gold Corp.	(OTCQB: CTCGF \| CSE: CTOC)
12:00 PM	Salazar Resources Ltd.	(OTCQX: SRLZF \| TSX-V: SRL)
12:30 PM	Troilus Gold Corp.	(OTCQX: CHXMF \| TSX: TLG)
1:00 PM	Cypress Development Corp.	(OTCQB: CYDVF \| TSX-V: CYP)
1:30 PM	Galantas Gold Corp.	(OTCQX GALKF \| TSX-V: GAL)
2:00 PM	Nova Royalty Corp.	(OTCQB: NOVRF \| TSX-V: NOVR)
2:30 PM	O3 Mining Inc.	(OTCQX: OIIIF \| TSX.V: OIII)
3:00 PM	White Gold Corp.	(OTCQX: WHGOF \| TSX-V: WGO)
3:30 PM	Nighthawk Gold Corp.	(OTCQX: MIMZF \| TSX: NHK)
4:00 PM	Labrador Gold Corp.	(OTCQX: NKOSF \| TSX-V: LAB)

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit

www.virtualinvestorconferences.com.

About Virtual Investor Conferences^®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/uranium-strategic-and-precious-metals-live-virtual-investor-conference-october-19th-20th-and-21st-301401219.html

SOURCE VirtualInvestorConferences.com

Rio Tinto said iron production from the Pilbara region of Australia will be lower than previously expected (Newscast/PA) (PA Media)

Mining giant Rio Tinto is being hit by labour shortages in Australia and has been forced to downgrade its production expectations.

The company said that it expects to ship between 320 million and 325 million tonnes of iron ore from its Pilbara operations.

Rio Tinto has 16 iron mines and employs 13,600 people in the area, in Western Australia north of Perth.

These sites were previously expected to ship “at the low end” of 325 million to 340 million tonnes.

The company said that it had been delayed finishing a new mine and doing up an old one because of a lack of staff in the region because Australian state borders are closed.

It has been another difficult quarter operationally and despite improving versus the prior quarter, we recognise the opportunity to raise our performance

Jakob Stausholm, chief executive

“The tight labour market in Western Australia continues to limit our access to labour and we have also experienced delays due to a tight global supply chain,” it said.

Costs at Pilbara are also rising due to freight, diesel and labour rates, as well as the added costs of ensuring staff get vaccinated.

Production in Canada was also hit due to problems getting hold of enough staff and equipment, while labour shortages are also hitting Mongolia

“It has been another difficult quarter operationally and despite improving versus the prior quarter, we recognise the opportunity to raise our performance. We have consequently modestly adjusted our guidance,” said chief executive Jakob Stausholm.

He added: “We are progressing against our four pillars and striving to make Rio Tinto even stronger, notably to become the best operator.

“This will ensure we continue to deliver attractive returns to shareholders, invest in sustaining and growing our portfolio, and make a broader contribution to society, particularly in relation to the drive to net-zero carbon emissions.”

Labour and supply chain shortages have impacted many businesses around the world in recent months, as the economy sprung back into action following Covid.

In the UK, shortages of lorry drivers and a rise in gas prices due to booming international demand have been some of the most obvious impacts.

Shares in Rio Tinto had dipped by 1.9% early on Friday morning, making it the second worst performer on London’s FTSE 100.

Val-d'Or, Québec–(Newsfile Corp. – October 15, 2021) – Golden Valley Mines and Royalties Inc. (TSXV: GZZ) ("Golden Valley" or the "Corporation"), announces that it has entered into an option agreement (the "Option Agreement") with Eldorado Gold (Québec) Inc. ("Eldorado"), a wholly owned subsidiary of Eldorado Gold Corporation, enabling Eldorado to earn up to an additional 50% interest in the Claw Lake Gold Prospect, the Cook Lake Prospect, the Murdock Creek Prospect, all located in Ontario and the Perestroika Prospect, located in Québec (the "Properties").

Golden Valley and Eldorado are currently parties to a Joint Venture Agreement (the "Existing JV") pertaining originally to an aggregate of nine properties (the "Existing Properties") in which Golden Valley has a 70% undivided beneficial interest, and Eldorado has a 30% undivided beneficial interest. Under the new Option Agreement, the Existing JV will be terminated upon the satisfaction of certain conditions precedent (including the amendment of certain historical royalty agreements pertaining to the Properties), which were satisfied concurrently with the execution of the Option Agreement. Further, Golden Valley has the option to be assigned, from Eldorado for nominal consideration, all of the right, title and interest of Eldorado in and to five of the remaining Existing Properties (Munro Prospect, Recession Larder Prospect, Matachewan Prospect all in Ontario, and the Bogside Prospect in Quebec; Denovo Prospect in Ontario was previously dealt with in a transaction with Highgold Mining Inc.), other than the Properties.

Eldorado may earn an additional 40% in the Properties (the "40% Option") by funding expenditures on the Properties for a minimum of $10,500,000 over a period of 5 years from the termination of the Existing JV and making annual payments to $50,000 per annum to the Corporation ("Annual Payment") with the first Annual Payment being made on termination of the Existing JV and each subsequent Annual Payment being made on the anniversary thereof until Eldorado exercises the 40% Option. Upon exercise of the 40% Option by Eldorado, the parties will be deemed to have formed a joint venture in accordance with the terms set out in the Option Agreement and will use commercially reasonable efforts to enter into a formal joint venture agreement within 60 business days of the exercise of the 40% Option.

In order to earn and acquire an additional 10% undivided interest in the Properties (the "Additional Option"), Eldorado will contribute all joint venture expenditures on behalf of the parties, and deliver to Golden Valley, a preliminary economic assessment (PEA) report in respect of the Properties.

Upon the exercise of the Additional Option by Eldorado, Golden Valley will have a 20% undivided beneficial interest in the Properties and Eldorado will have an 80% undivided beneficial interest in the Properties.

Description of the Properties:

Claw Lake Prospect

The Claw Lake Prospect is located within Cabot Township of the Larder Lake Mining Division of Ontario. The property itself consists of 55 contiguous claims that total 1195 hectares on NTS Map Sheet 41P/11. The Claw Lake Prospect is located approximately 18 kilometres northwest of the town of Shining Tree.

The principal geological feature covered by the property is the Claw Lake Stock. The Claw Lake Stock is described by M.W. Carter in OGS Report 240, Geology of the Shining Tree Area 1987, as an irregular lens-shaped body, elongated in the direction of the regional trend of the volcanic rocks into which it intrudes. It is 3.6 kilometres long by 1.2 kilometres wide at its widest (central) part and consists of massive and porphyritic facies. The predominant massive facies comprises quartz diorite and trondhjemite. The quartz diorite is a medium-grained, greenish grey rock consisting of quartz, altered plagioclase and interstitial micro pegmatite with accessory pyrite and ilmenite. The trondhjemite forms minor facies of the stock and is pink and medium-grained. It consists of quartz, plagioclase, potassic feldspar, and quartz-orthoclase micro pegmatite, with muscovite, biotite, and accessory calcite, apatite, and pyrite. The porphyritic facies form a phase of the stock and also occurs as dykes. This facies consists of either a dark green quartz diorite or a pale buff trondhjemite.

There are numerous historic mineral showings within the Claw Lake Stock:

The Rapids Vein has been reported to carry 0.58 opt Au across 0.46 m from an unknown type of sample, 0.16 opt Au over 0.6 m from a DDH sample (Carter, 1986; OGS GR 240) as well as 0.33 opt Au, 0.207 opt Au and 0.211 opt Au from grab samples (Mullan, 1992; AFRO ID: 2.14863) and 2434 ppb Au over 0.82 from DDH JCL 93-04 (Mullan, 1994; AFRO ID: W9480-00072).

The Draw Vein has been reported to carry 0.13 opt Au over a surface sample length of 18.0 m (Carter, 1986; OGS GR 240).

The Big Vein is documented as carrying 0.05 opt Au from an unknown type of sample (Carter, 1986; OGS GR 240).

The West Vein has been reported to carry 1.39% MoS2 from a grab sample as well as 1.21% MoS2 over 0.55 m from a chip sample (Carter, 1986; OGS GR 240).

There are also numerous historical showings within the volcanic rock surrounding the intrusion.

The Molybdenite Vein has been reported to carry 0.74% MoS2 from a grab sample (Laird, 1934; OGS ARV43, part 3), 0.96% MoS2 with 0.07 opt Au from a grab sample (Carter, 1986; OGS GR 240) as well as 0.27% MoS2 with 0.05 opt Au over 0.55m from a chip sample (Mullan, 1992; AFRO ID: 2.14863) and 0.36 % MoS2 over 1.37m from DDH 16 (Carter, 1986; OGS GR 240).

The Galena Vein is reported to carry assayed values of up to 0.45 opt Au from the selective sampling of veins. A grab sample of 0.57 opt Au with 0.95 opt Ag and one with 0.21% MoS2 are reported from this area (Carter, 1986; OGS GR 240). A sample from DDH #9 carried 0.05 opt Au from this showing (Longley, 1946; Claw Lake Gold Mines).

The Hillside Vein is documented as yielding a best assay of 0.79 opt Au with 15.9 opt Ag over 0.76m. A sample from DDH #16 carried 0.01 opt Au over 1.37m (Carter, 1986; OGS GR 240).

The Beaver Zone was established by a grab sample that carried 0.214 opt Au (Carter, 1986; OGS GR 240). This was followed up by DDH GCW-07-03 that intersected 0.12 g/t Au over 2.0 m. 0.306 g/t Au over 4.28 m that included 1.005 g/t Au over 0.65m. This same DDH also cut 0.133 g/t over 1.0m and 2.110 g/t Au over 1.00m (2007 Golden Valley Drill report; AFRO ID: 2.36537).

Cook Lake Prospect

The Cook Lake Prospect is located within Grenfell and Teck Townships. The property itself consists of 52 claims totalling 1,000 hectares on NTS Map Sheet 42A/1. The centre of the Cook Lake Prospect is located approximately 10 kilometres west of the centre of the town of Kirkland Lake Ontario. The property is readily accessible by road from Kirkland Lake.

The Cook Lake Prospect is situated in the central part of the Abitibi Greenstone Belt within the Kinojevis South Assemblage of volcanic and intrusive rocks. The main structural feature in the area of the Cook Lake Prospect is the roughly east-west trending Cadillac-Larder Lake Fault Zone that lies just south of the Kinojevis South assemblage.

Historical gold production from the Kirkland Lake Mining District is the second highest in Canada following the Timmins area of Ontario. Historic Gold Production (oz) between the period of 1891-2020 47,214,690 ounces of gold from 189,936,097 tons milled at an average grade of 0.249g/t gold (MENDM statistics).

Mapping of the Cook Lake Prospect allowed for the recognition of several volcanic units intruded by a large gabbroic mass. This sequence is in turn crosscut by dykes of syenite porphyry and of diabase.

The rocks of the property are generally unaltered except for a large halo of alteration of probable hydrothermal origin located south of Davis Lake. This alteration is intimately associated with a breccia (possibly phreatic) volcanic facies and is locally associated with stringers of pyrite and pyrrhotite.

In 1929, on the northwest side of Cook Lake, Scott-Kirkland Gold Mines Limited sank shaft #1 to a depth of 32 feet. At this depth, a 22-foot drift encountered a parallel vein, three feet of which gave a gold content of $54.35 (2.63 opt Au) per ton. The average price of gold in 1929 was $20.63 per ounce (Reid, A.; 1929).

On the northwest shore of Davis Lake approximately 1.25 miles north of Shaft No. 1 a second shaft was sunk to a depth of 58 feet. This shaft encountered a dike at a depth of 54 feet. Channel assays at this footage are reported as $13.40 (0.649 opt Au), $34.00 (1.648 opt Au) and $2.60 (0.0012 opt Au). At a depth of 56 feet a vein with an average width of 22 feet, gave gold values of $75.20 (3.645 opt Au) and $133.20 (6.456 opt Au) across 3 feet (Reid, A.; 1929).

Murdoch Creek Fault Prospect

The Murdoch Creek Fault Creek Prospect is located within Lebel, Morrisette and Arnold Townships. The property itself consists of 68 contiguous claims that form an irregular block totalling 1,245 hectares on NTS Map Sheet 32D/04. Access to the western part of the property is via gravel and bush roads that extend north from the village of King Kirkland. The eastern and central portions of the property can be accessed by boat from McTavish and Victoria Lakes at the north end of the Bidgood Mine Road located approximately 1 kilometre east of the village of King Kirkland.

The north and north-western parts of the property are underlain by the volcanic rocks of the lower unit of the Blake River Group. Volcanic rocks of the Upper Unit of the Tisdale Group underlie the south-east part of the property under Victoria Lake. Timiskaming Group sedimentary rocks are found in the extreme south-west portion of the property.

The main structural feature on the property is the Murdoch Creek Fault which strikes across the property in a north-easterly direction. This regional fault structure appears to be a splay of the Kirkland Lake Main Break (Duess, 1995). A subsidiary fault structure, the Misema-Mist Lake Fault, strikes across the southern portion of the property in an east north-easterly direction.

Several alteration zones and mineralized showings are present on the property. More than twenty rock blast sites as well as three small exploration shafts are present at many of these zones and showings. Two surface samples from the Murdoch Creek Fault in the area of the Ronal Red Lake Gold Mines Limited exploration shaft have reported metal values of more than one ounce of gold per ton (Rupert and Lovell, 1970).

The seven historic mines on the Kirkland Lake Main Break produced in excess of 24 million ounces of gold and over 4 million ounces of silver from an area stretching for about 7 km of strike (MENDM statistics).

Perestroika Prospect

The Perestroika Prospect is located within Courville Township, Quebec, approximately 10 kilometres southwest of the town of Barraute. The property itself consists of 8 contiguous CDCs covering a total area of 325.43 hectares on NTS map sheet 32C/05 and 32C/06.

Previous reported exploration work on the property dating back to 1937-38 established the presence of gold mineralization associated with a corridor of intense deformation and alteration within the WNW-trending Uniacke Deformation Corridor (inferred as the eastern extension of the prolific Destor-Porcupine Deformation Zone). Two mineralized outcrops were located, prospected, stripped, sampled and drill tested over the period from 1937 to 1997 prior to Golden Valley Mines acquisition of the property. The showings are referred to as the Central Stripped Area – "Uniacke Shear" and the West Stripped Area – "Glasnost Zone."

Drilling in 1996-97 (96PER-03) on the "Uniacke Shear" identified two separate shear zone systems (North and South Shear respectively), with the southern shear associated with two low-grade mineralized zones intersecting 5.79 metres averaging 1.48 g/t Au and 4.86 metres averaging 2.13 g/t Au with higher grade, quartz vein hosted gold mineralization assaying up to 11.05 g/t Au. Drilling at the "Glasnost Showing" located approximately 250 metres west, verified previous high-grade assay results and returned an intersection of 0.46 metres grading 33.56 g/t Au from a hematized and quartz fractured felsic porphyry dike hosting 5% pyrite (GM 54860).

The most recent drilling activity on the property was completed in 2009 by Golden Valley Mines and Royalties. The objective of the two (2) hole, 495-metre diamond drilling program was to test for the depth extension of the mineralization within the "Uniacke Shear" (GPS-09-01) as well as to test for the southeast strike extension of the "Glasnost Showing" (GPS-09-02) under an overburden covered area of the property on section 800W (see attached figure for details). Also, special consideration was given to detailed logging and sampling to establish a better control of the system of mineralization related to lithological units (i.e., felsic porphyritic rocks), shearing, alteration (i.e. hematite) assemblages, sulphide types and percentages (i.e. pyrite), and quartz veining (i.e. orientation, morphology, timing). Often the complex, erratic, and localized nature of gold is a common feature of many vein-style gold deposits. This style of mineralization is often referred to as being nuggety or possessing a high-nugget effect. Accordingly, diamond drilling in this program utilized large diameter coring technologies.

The drilling conducted on section 800W has confirmed and expanded the historical gold mineralization. Both GPS-09-01 and GPS-09-02 intersected the projected "Uniacke Shear" zone mineralization, up and downdip to include an intersection of 2.40 metres averaging 3.48g/t Au (GPS-09-02). The downdip strike extent of this shear-zone related mineralization and the historical mineralized zones intersected in 96PER-03 appears to may have been truncated and possible offset by a felsic to intermediate intrusion (granodiorite to diorite) at depth on this section 800W drilled. A possible parallel mineralized zone in GPS-09-02 was intersected within porphyritic quartz-diorite unit from 75.4 to 82.5 metres that was not tested by 96PER-03. A visible gold occurrence at 78.75 to 79.15 metres is hosted by late quartz-ankerite veins with up to 7% pyrite and traces of chalcopyrite. This 0.40 metre interval graded 9.94 g/t Au within a wider intersection of 1.30 metres averaging 4.09 g/t Au from 77.85 to 79.15 metres (GM 64981).

The "Glasnost Showing" intersected in both the drillholes GPS-09-01 and GPS-09-02 occurs in highly deformed, sheared and mylonitized, quartz-diorite to granodiorite penetrated by quartz-ankerite veins mineralized with visible gold, 2% to 8% pyrite and 0.1% to 0.5% chalcopyrite in the hostrock. In hole GPS-09-01, an intersection of 1.15 metres grading 59.52 g/t Au, including 0.30 metres grading 217g/t Au was intersected from 261.65 to 262.80 metres. In drillhole GPS-09-02, (part of or another parallel zone to the south of the "Glasnost Showing") is hosted in a sequence of variable sheared quartz diorite intrusions penetrated by several feldspar porphyry dykes (quartz-syenite composition) from 140.4 to 143.90 metres. Quartz-ankerite veins cut the intrusive rocks. They host 3% to 4% pyrite. Visible gold occurrences at 143.3m graded 20.69 g/t Au over 3.05 metres within a wider intersection averaging 3.50 metres grading 18.08 g/t Au (GM 64981).

Gold mineralization appears to occur in a highly deformed environment consisting of sheared and mylonitized quartz diorite and granodiorite intrusives, penetrated by a late intrusive phase of altered (hematized and sericitized) feldspar porphyry dikes (quartz syenite composition). The intrusive rocks are x-cut by a stockwork of quartz-ankerite veining (3% to 8%) hosting 2% to 5% pyrite, traces of chalcopyrite and visible gold occurrences. The feldspar porphyries may have created a favourable hydrothermal remobilizing environment as well as the movement of fluids up along deformed sections.

Drilling successfully intersected multiple zones of significant high-grade gold mineralization on the property that is now inferred to occur within a distinctive mineralized trend striking NW-SW for approximately 700 metres.

Qualified Person

Michael P. Rosatelli, P.Geo. (OGQ Special Authorization Permit; PGO #0855), the Vice President of Exploration of Golden Valley is the Qualified Person (as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) who approved the technical disclosures included in this news release.

About Golden Valley Mines and Royalties Ltd.

Golden Valley Mines and Royalties Ltd. is focused on project and royalty generation and continues to evaluate opportunities to enhance its mining exploration property portfolio. Golden Valley is able to grow its current assets by way of partner-funded option/joint ventures and through its shareholdings in related-entities.

For additional information, please contact:

Golden Valley Mines and Royalties Ltd.

Glenn Mullan, President & CEO
Tel.: 1-819-824-2808 ext.204
Email: glenn.mullan@gvmroyalties.com

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Corporation's management on the date the statements are made. Except as required by law, the Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99571

NEW YORK, Oct. 15, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced the third quarter 2021 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was down 2.0% in the third quarter. Seventy-one new companies were added to the index, including: Blackbird PLC (OTCQX: BBRDF); Cansortium Inc. (OTCQX: CNTMF); Giga Metals Corp (OTCQX: HNCKF); Nobility Homes, Inc. (OTCQX: NOBH); Solvay S.A. (OTCQX: SLVYY); Tidewater Inc. (OTCQX: TDGMW), and White Gold Corp. (OTCQX: WHGOF). Fifty-two were removed from the index including: Standard Lithium Ltd. (SLI) which graduated to NYSE MKT and Nomad Royalty Company Ltd. (NSR) which graduated to the NYSE. Vicinity Motor Corp. (VEV), Field Trip Health Ltd. (FTRP), CPI Card Group Inc. (PMTS), Orange County Bancorp, Inc. (OBT), Cardiol Therapeutics Inc. (CRDL), VIQ Solutions Inc., Sono-Tek Corp. (SOTK), Bragg Gaming Group Inc. (BRAG), Lightwave Logic, Inc. (LWLG), Destination XL Group, Inc. (DXLG), and Peak Fintech Group Inc. (TNT) graduated to NASDAQ.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was down 1.7% for the quarter. Six companies were added to the index including: Ascend Wellness Holdings, Inc. (OTCQX: AAWH); Bitwise 10 Crypto Index Fund (OTCQX: BITW); NOVONIX LTD. (OTCQX: NVNXF); Paladin Energy Ltd. (OTCQX: PALAF); Voyager Digital Ltd. (OTCQX: VYGVF) and Wesdome Gold Mines Ltd. (OTCQX: WDOFF). Eleven were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was down 1.4% in the quarter. Nineteen new companies were added to the index including: Abitibi Royalties, Inc. (OTCQX: ATBYF); Dimeco, Inc. (OTCQX: DIMC); InsCorp, Inc. (OTCQX: IBTN) and Nobility Homes, Inc. (OTCQX: NOBH). Seventeen companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, increased 2.0% in the third quarter. Ten banks were added to the index in the quarter and thirteen companies were removed. The ten banks added were: CNB Bank Shares, Inc. (OTCQX: CNBN); Dacotah Banks, Inc.; (OTCQX: DBIN): Dimeco, Inc. (OTCQX: DIMC); BAYFIRST FINL CORP. (OTCQX: FHBI); 1st Capital Bancorp (OTCQX: FISB); Grand River Commerce Inc. (OTCQX: GNRV); High Country Bancorp, Inc. (OTCQX: HCBC); US Metro Bancorp (OTCQX: USMT); Valley Republic Bancorp (OTCQX: VLLX) and Westbury Bancorp, Inc. (OTCQX: WBBW).

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down 2.2% for the quarter. One hundred fifty-one companies were added to the index including: Aldebaran Resources Inc. (OTCQX: ADBRF); Barksdale Resources Corp. (OTCQX: BRKCF); Eve and Co Incorporated (OTCQX: EEVVF); Laramide Resources Ltd. (OTCQX: LMRXF); Orogen Royalties Inc. (OTCQX: OGNRF); Petrus Resources Ltd. (OTCQX: PTRUF) and Star Royalties Ltd. (OTCQX: STRFF). Twenty companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was down 12.7% in the third quarter. Thirty-nine companies were added to the index and twenty-five companies were removed.

OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 1.7% in the third quarter. Eighteen companies were added to the index and twenty-five companies were removed.

OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was down 21.2% in the third quarter. Fifteen new companies joined the index. The fifteen companies added were: Avant Brands Inc. (OTCQX: AVTBF); Delta 9 Cannabis Inc. (OTCQX: DLTNF); Harborside Inc. (OTCQX: HBORF); Mountain Valley MD Holdings Inc. (OTCQX: MVMDF); THC BioMed Intl Ltd. (OTCQX: THCBF) and Unrivaled Brands, Inc. (OTCQX: UNRV). Sixty-six companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 13.1% in the third quarter. One hundred thirty-eight companies were added to the index including: Acme Lithium Inc. (OTCQB: ACLHF); Bionexus Gene Lab Corp. (OTCQB: BGLC); Emmaus Life Sciences, Inc. (OTCQB: EMMAW); GABY INC. (OTCQB: GABY); Intellinetics, Inc. (OTCQB: INLX); LFTD Partners Inc. (OTCQB: LSFP); PHX Energy Services Corp. (OTCQB: PHXHF); Tokens.com Corp. (OTCQB: SMURF) and ZEPHYR ENERGY PLC. (OTCQB: ZPHRF). One hundred sixteen companies were removed.

For a list of all index additions and deletions, visit
https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

All indexes are market capitalization-weighted and adjusted on a quarterly basis for additions and share changes over 5% during the months of March, June, September and December. In the case of ADRs, the DR ratio is considered. Dividends are re-invested as of the close of business the day before the ex-dividend date.

The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index, OTCQX Cannabis Index, and OTCQB Venture Index have minimum liquidity screens to ensure tradability.

All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com.

Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.

OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/otc-markets-group-announces-quarterly-index-performance-and-rebalancing-301401493.html

SOURCE OTC Markets Group Inc.

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We note that Tasman Resources Ltd (ASX:TAS) does have debt on its balance sheet. But the real question is whether this debt is making the company risky.

Why Does Debt Bring Risk?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.

Check out our latest analysis for Tasman Resources

How Much Debt Does Tasman Resources Carry?

You can click the graphic below for the historical numbers, but it shows that Tasman Resources had AU$5.26m of debt in June 2021, down from AU$6.03m, one year before. But it also has AU$6.01m in cash to offset that, meaning it has AU$754.9k net cash.

How Strong Is Tasman Resources' Balance Sheet?

We can see from the most recent balance sheet that Tasman Resources had liabilities of AU$5.92m falling due within a year, and liabilities of AU$504.5k due beyond that. On the other hand, it had cash of AU$6.01m and AU$599.7k worth of receivables due within a year. So it can boast AU$188.1k more liquid assets than total liabilities.

Having regard to Tasman Resources' size, it seems that its liquid assets are well balanced with its total liabilities. So while it's hard to imagine that the AU$18.8m company is struggling for cash, we still think it's worth monitoring its balance sheet. Succinctly put, Tasman Resources boasts net cash, so it's fair to say it does not have a heavy debt load! There's no doubt that we learn most about debt from the balance sheet. But you can't view debt in total isolation; since Tasman Resources will need earnings to service that debt. So when considering debt, it's definitely worth looking at the earnings trend. Click here for an interactive snapshot.

Over 12 months, Tasman Resources reported revenue of AU$3.3m, which is a gain of 35%, although it did not report any earnings before interest and tax. With any luck the company will be able to grow its way to profitability.

So How Risky Is Tasman Resources?

We have no doubt that loss making companies are, in general, riskier than profitable ones. And in the last year Tasman Resources had an earnings before interest and tax (EBIT) loss, truth be told. And over the same period it saw negative free cash outflow of AU$9.3m and booked a AU$2.7m accounting loss. Given it only has net cash of AU$754.9k, the company may need to raise more capital if it doesn't reach break-even soon. Tasman Resources's revenue growth shone bright over the last year, so it may well be in a position to turn a profit in due course. Pre-profit companies are often risky, but they can also offer great rewards. When analysing debt levels, the balance sheet is the obvious place to start. However, not all investment risk resides within the balance sheet – far from it. To that end, you should learn about the 5 warning signs we've spotted with Tasman Resources (including 1 which doesn't sit too well with us) .

If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out our list of net cash growth stocks without delay.

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

LONDON/MELBOURNE, Oct 14 (Reuters) – BHP Group investors look set to offer a lukewarm assessment of the miner's climate change roadmap on Thursday, due to concerns that its long-term plans to tackle its customers' greenhouse gas emissions do not go far enough.

BHP has said it is pursuing the goal of net zero emissions by 2050 for its customers, including the heavily polluting steel industry. But it has stopped short of setting a target largely due to uncertainties over how technology would develop.

The miner wants investors to endorse its climate action plan at its shareholder meeting in London on Thursday, but the response has been mixed.

Advisors Glass Lewis and the Local Authority Pension Fund Forum (LAPFF) recommended that investors vote against the plan while ISS offered qualified support.

LAPFF said it was not aligned with the global treaty on climate change adopted in Paris in 2015 "and appears to rely too heavily on carbon capture and offsetting as a means of carbon reduction". It did however commend BHP's steps to cut carbon emissions.

Glass Lewis said it "did not appear that (BHP's) emissions targets were science-based" and that the company was not specific enough around disclosures of customer emissions.

ISS recommended investors vote for the "reasonable" plan and continue to engage with the company as its targets evolve.

"Investors have been clear that they want an opportunity to have a say on our approach to climate, and we know they are seeking more information and transparency," a BHP spokesman said.

BHP said it has found support from shareholders including Climate Action 100+, the world's largest investor engagement initiative on climate change, which said it looked forward to ongoing dialogue over a plan it called "a realistic statement of the challenges faced."

BHP's Australian peer Fortescue Metals Group raised the stakes on iron ore producers this month by setting a 2040 target to achieve net zero customer emissions.

Factbox of major miner plans to cut emissions.

BHP's Australian shareholder meeting is on Nov. 11. (Reporting by Clara Denina in London and Melanie Burton in Melbourne; editing by John Stonestreet)

MELBOURNE, Australia, October 14, 2021–(BUSINESS WIRE)–Rio Tinto Iron Ore Chief Executive, Simon Trott and Rio Tinto Managing Director of Port, Rail and Core Services, Richard Cohen, joined community members, local businesses and representatives from local government to celebrate the official opening of its new community ‘Hub’ in Karratha.

Located on Ngarluma country in the heart of Karratha’s CBD, the new Rio Tinto Karratha Hub will make it easier for local people to connect with our busines.

The modern space constructed by lead contractor GBSC Yurra in conjunction with other local businesses, features a meeting room named by Ngarluma elders in recognition of its location on Ngarluma country, work stations, kitchen facilities and local artwork.

Rio Tinto hopes the "Marunharri" room, which means "big mob" in Ngarluma language, will become a place of listening, learning and collarboration between Rio Tinto and the Karratha community.

The Hub will be open to the public on weekdays from 9am to 4pm and visitors are encouraged to get to know their local Rio Tinto team. People can visit the Hub to ask questions about employment and training opportunities, local procurement including the ‘Buy Local’ initiative, opportunities for Pilbara Aboriginal businesses and community grant funding.

Rio Tinto Iron Ore chief executive, Simon Trott said "Karratha is home to many of our employees, local suppliers, as well as government, community and Traditional Owner partners and is critical to our operations.

"The new hub builds on the work we have been doing with the City of Karratha to enhance community life through new and improved services throughout the region."

Rio Tinto Iron Ore managing director of Port, Rail and Core Services, Richard Cohen said "It is great to see the Rio Tinto sign in the main street of town. Rio Tinto is proud of its long connection to the Karratha community and I expect the new hub will further strenghten our ties with local business, community groups and any locals who want to connect with our team.

"The opening of this new hub, a place designed specifically for local people to feel welcome and connected to our company, is part of our commitment to being a good local and to help to build thriving communities."

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005440/en/

Contacts

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: Pilbara

(Bloomberg) — BHP Group’s London investors voted to support the biggest mining company’s climate change plan, despite some opponents of the strategy saying it doesn’t go far enough.

Most Read from Bloomberg Businessweek

CRANBROOK, BC / ACCESSWIRE / October 14, 2021 / Eagle Plains Resources (TSXV:EPL) is pleased to announce that option partner Rockridge Resources Ltd. (ROCK)(RRRLF)(RR0) ("Rockridge") has completed its geophysical program at the Knife Lake Copper Project located in Saskatchewan, Canada (the "Knife Lake Project" or "Property"). The Knife Lake Project, consisting of 81 claims totaling 55,471 hectares (137,069 acres), is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan host to the Knife Lake Deposit. Additional field work is planned to commence shortly in preparation for a diamond drill program.

Rockridge holds the exclusive option from Eagle Plains to acquire a 100% interest in the Property that covers the Knife Lake Cu-Zn-Ag-Co VMS deposit (details following). The contiguous claims are located approximately 50 km northwest of Sandy Bay, Saskatchewan. A 357kV powerline runs within 16 km of the Knife Lake Deposit area.

See Knife Lake VMS Project Location Map here

Field crews have completed a helicopter-borne electromagnetic (EM) and horizontal magnetic gradiometer geophysical survey utilizing Geotech Ltd.'s VTEM Plus System. The 610-line kilometer survey covered highly prospective VMS stratigraphy in the Gilbert Lake target area, never before surveyed using modern time-domain geophysics. Data from the survey is currently being interpreted and any potential conductors will be prioritized for geophysical modelling. Mineralized drill intersections at the Gilbert Lake target area have proven that VTEM plus is a valuable exploration tool for identifying VMS-style mineralization within prospective stratigraphy on the Property, increasing discovery potential in regional target areas.

See Knife Lake Project VTEM Coverage Map here

Knife Lake Geology and History

The Knife Lake Deposit is interpreted to be a remobilized VMS deposit. The stratabound mineralized zone is approximately 15m thick and contains copper, silver, zinc, gold and cobalt mineralization which dips 30° to 50° eastward over a known strike-length within Rockridge's claim area of 3,700 metres, and a known average down-dip extension of approximately 300 metres.

See Knife Lake Deposit Map here

The deposit is hosted by felsic to intermediate volcanic and volcaniclastic rocks which have been metamorphosed to upper amphibolite facies. The deposit contains VMS mineralogy which has been significantly modified and partially remobilized during the emplacement of granitic rocks. The mineralization straddles the boundary between two rock units and occurs on both limbs of an interpreted overturned fold.

Rockridge has completed twenty-four holes consisting of 3096 metres of diamond drilling in the 2019 and 2021 winter drilling programs. This represented the first drilling on the property since 2001. Both programs have given Rockridge's technical team valuable insights into the property geology, alteration, and mineralization that will be applied to future regional exploration on the highly prospective and underexplored land package.

Highlights from the drill programs include previously reported hole KF19003 which intersected net-textured to semi-massive sulphide mineralization from 11.2m to 48.8m downhole. This 37.6 metre interval returned 2.03% Cu, 0.19 g/t Au, 9.88 g/t Ag, 0.36% Zn, and 0.01% Co for an estimated 2.42% CuEq. Additionally, previously reported drill hole KF19001 intersected net-textured to fracture-controlled sulphide mineralization from 7.5 metres to 40.6 metres downhole. This 33.1 metre interval returned 1.28% Cu, 0.12 g/t Au, 4.80 g/t Ag, 0.13% Zn, and 0.01% Co for an estimated 1.49% CuEq.

In August 2019, Rockridge announced a maiden NI 43-101 resource estimate for the Knife Lake deposit which consisted of a pit-constrained indicated resource of 3.8 million tonnes at 1.02% CuEq and an inferred resource of 7.9 million tonnes at 0.67% CuEq using a 0.4% CuEq cut-off. For more information please refer to the News Release dated August 14^th, 2019 or the NI 43-101 Technical Report on the Mineral Resource Estimate for the Knife Lake Property, Saskatchewan dated September 27, 2019, filed on Sedar.

Knife Lake Option Agreement Details

To earn a 100% interest in the Knife Lake Project, Rockridge has agreed to make a cash payment to Eagle Plains of $150,000 (complete), issue up to 5,550,000 common shares of Rockridge (2,750,000 shares issued to date) and complete $3,250,000 in exploration expenditures ($1,195,000 to date) over four years. Eagle Plains will retain a 2% net smelter royalty ("NSR") on certain claims which comprise the project area. Under the terms of the agreement Rockridge is designated as the Operator of the project.

Qualified Person

Kerry Bates, P. Geo., a "qualified person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and a Geologist employed by TerraLogic Exploration Inc., has reviewed and approved the scientific and technical disclosure in this news release relating to the Knife Lake Project.

About Eagle Plains Resources

Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian projects covering a broad spectrum of commodities. Management's focus is to advance its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, most of which was funded by third-party partners. This exploration work resulted in approximately 37,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

On behalf of the Board of Directors

"Tim J. Termuende"
President and CEO

For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.eagleplains.com

Cautionary Note Regarding Forward-Looking Statements

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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE: Eagle Plains Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/668013/Eagle-Plains-Partner-Rockridge-Resources-Completes-VTEM-Geophysical-Program-at-the-Knife-Lake-Copper-Project-Saskatchewan

(In United States dollars, except where noted otherwise)

TORONTO, Oct. 14, 2021 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“FQM” or the “Company”) (TSX: FM) today announced that it has signed a new $2.925 billion Term Loan and Revolving Credit Facility (the "Facility"). This new Facility replaces the existing $2.7 billion Term Loan and Revolving Credit Facility due to mature December 2022. The new $2.925 billion Facility comprises a $1.625 billion Term Loan Facility and a $1.3 billion Revolving Credit Facility, maturing in September 2025. The Facility is syndicated to a group of long-standing relationship banks of First Quantum.

The refinancing extends the debt maturity profile of the business and removes all material debt maturities through to April 2023. In addition, the refinancing provides additional liquidity headroom and continues management's practice of proactively addressing debt maturities, and further demonstrates the Company's access to a diverse range of funding sources. The refinancing includes improved financial terms and reduced financial covenants, an extended amortization schedule for the Term Loan Facility beginning in December 2022 and improves the financial flexibility of the Company through the added liquidity.

The Facility will be used to fully prepay and cancel amounts outstanding on the existing facility ($1.66 billion as at September 30, 2021), to fully prepay and cancel a bilateral bank facility for $175 million and for general corporate purposes.

For further information, visit our website at www.first-quantum.com or contact:

Bonita To, Director, Investor Relations
(416) 361-3400 Toll-free: 1 (888) 688-6577
E-Mail: info@fqml.com

ST. JOHN’S, Newfoundland and Labrador, October 14, 2021–(BUSINESS WIRE)–Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") expects to report attributable quarterly royalty revenue^† of approximately $20.7 million ($0.50 per share) for the third quarter ended September 30, 2021. This compares to quarterly revenue of $16.2 million ($0.39 per share) in the comparable prior year quarter and $21.9 million ($0.53 per share) in Q2 2021.

Summary of attributable royalty revenue (in thousands of Canadian dollars)	Three months ended September 30, 2021	Three months ended June 30, 2021	Three months ended September 30, 2020
Base metals	$8,216	$9,394	$8,677
Iron ore ⁽¹⁾	$6,035	$5,029	$1,293
Potash	$3,788	$4,516	$3,158
Thermal (electrical) coal	$2,562	$2,140	$2,668
Metallurgical coal	$0	$0	$291
Other royalties and interest	$135	$827	$142
Attributable royalty revenue	$20,736	$21,906	$16,229
See non-IFRS measures section of our MD&A for definition and reconciliation of attributable royalty revenue
⁽¹⁾Labrador Iron Ore Royalty Corporation dividends received

Base metal (primarily copper) revenue of $8.2 million (40% of total) is down from $9.4 million in Q2 2021 as higher production volumes and revenues at Chapada were offset by lower revenues from 777 and Voisey’s Bay.

Iron ore revenue in the form of dividends received from Labrador Iron Ore Royalty Corporation ("LIORC"), which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of Iron Ore Company of Canada (IOC), was $6.0 million (29% of total) and compares to $5.0 million recorded in Q2 2021. The increase reflected strong market prices for IOC’s premium quality products during the quarter.

Potash revenue of $3.8 million (18% of total) compares to Q2 2021 potash revenue of $4.5 million. Revenue in the third quarter was impacted by annual maintenance shutdowns at the Rocanville, Cory, Allan and Esterhazy mines, which have since been completed. Realized prices in the quarter were broadly reflective of prior quarter market prices due to lag effects. Potash spot market prices increased by an average of more than 80% during the quarter and these impacts are expected to be reflected in realized prices for royalty revenue calculation purposes in coming quarters.

Thermal (electrical) coal revenue of $2.6 million (12% of total) compared to Q2 revenue of $2.1 million.

Altius Renewable Royalties (ARR: TSX) ("ARR"), of which the Corporation is a controlling shareholder, reported first royalty investments relating to production stage wind and solar operations. In August, ARR announced a US$35 million investment in Longroad Energy’s Prospero 2 solar project in Texas. In September, ARR announced a US$52.5 million investment in Northleaf Capital Partners’ Cotton Plains portfolio which comprises three projects (two wind and one solar), also in Texas, all of which have been operating since 2017. With these new investments and continuing strong royalty creation through its developer funding agreements, ARR ended the quarter with approximately 3,210 MW of wind and solar projects subject to royalty.

Third Quarter 2021 Financial Results Conference Call and Webcast Details

Additional details relating to individual royalty performances and asset level developments will be provided with the release of full financial results, which will occur on November 10, 2021 after the close of market, with a conference call to follow on November 11, 2021.

Date: November 11, 2021
Time: 9:00 AM ET
Toll Free Dial-In Number: +1(866) 521-4909
International Dial-In Number: +1(647) 427-2311
Conference Call Title and ID: Altius Q3 2021 Results, ID 2240919
Webcast Link: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=1D41BECE-7AC1-4E49-B823-8D0CA6EE0F17

^†Attributable royalty revenue is a non-IFRS measure and does not have any standardized meaning prescribed under IFRS. For a detailed description and examples of the reconciliation of this measure, please see the Corporation’s MD&A disclosures for prior quarterly and annual reporting periods, which are available at https://www.altiusminerals.com

About Altius

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. Altius has 41,410,175 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.

Forward-Looking Information

This news release contains forward-looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Altius believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005681/en/

Contacts

Flora Wood
Email: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: +1(416)346.9020

Ben Lewis
Email: Blewis@altiusminerals.com
Tel: 1.877.576.2209

MELBOURNE (Reuters) -Rio Tinto Group on Friday reduced its 2021 iron ore shipments forecast, as a tighter labour market in Western Australia delayed the completion of a new greenfield mine at Gudai-Darri.

"It has been another difficult quarter operationally and … we recognise the opportunity to raise our performance," said chief executive officer Jakob Stausholm.

The miner now expects 2021 Pilbara iron ore shipments at between 320 million tonnes (mt) and 325 mt, down from a previous range of 325 mt to 340 mt.

The downgrade puts Rio on course to lose its spot as the world's biggest iron ore producer to Brazilian rival Vale S.A..

"Another disappointing quarter for Rio Tinto as the company struggles to regain operational momentum," broker RBC said in a research note.

Rio said a tight global supply chain added to its difficulties, while headwinds from China's regulatory tightening could spark further volatility.

Iron ore prices have nearly halved since hitting a record peak in mid-May, with demand hurt by China's steel output curbs and a sharp slowdown in the country's property activity due to a regulatory crackdown. [IRONORE/]

Still, Rio shipped 83.4 mt of the steel-making commodity in the three months ended Sept. 30, 2% higher than the 82.1 mt shipped last year.

However, Pilbara iron ore production was 4% lower, hurt by heritage management, brownfield mine replacement tie-ins and project completion delays.

Rio's destruction of the 46,000 year-old Juukan Gorge rock shelters last year had led to a leadership overhaul of the company and a national inquiry.

Rio also delayed first production for the Oyu Tolgoi copper mine in Mongolia by three months to January 2023. Joint venture partner, Canada's Turquoise Hill Resources, on Thursday estimated additional funding required for the project had ballooned to $3.6 billion.

Delays to development of what will be one of the world's largest copper mines has antagonised the Mongolian government, which owns a 34% stake, and fuelled a funding spat between Rio and Turquoise Hill.

Rio Tinto shares were down 1% in morning trade in a slightly firmer broader market.

(Reporting by Indranil Sarkar and Sameer Manekar in Bengaluru and Melanie Burton in Melbourne; Editing by Devika Syamnath, Karishma Singh and Richard Pullin)

MELBOURNE, Australia, October 14, 2021–(BUSINESS WIRE)–Rio Tinto Chief Executive Jakob Stausholm, said: "The third quarter has demonstrated the resilience of our people in dealing with ongoing COVID-19 challenges. It has been another difficult quarter operationally and despite improving versus the prior quarter, we recognise the opportunity to raise our performance. We have consequently modestly adjusted our guidance.

"We are progressing against our four pillars and striving to make Rio Tinto even stronger, notably to become the best operator. This will ensure we continue to deliver attractive returns to shareholders, invest in sustaining and growing our portfolio, and make a broader contribution to society, particularly in relation to the drive to net-zero carbon emissions."

Production*	Quarter 3 2021	vs Q3 2020	vs Q2 2021	9 months 2021	vs 9 mths 2020
Pilbara iron ore shipments (100% basis) (Mt)	83.4	+2%	+9%	237.5	-2%
Pilbara iron ore production (100% basis) (Mt)	83.3	-4%	+10%	235.6	-5%
Bauxite (Mt)	14.0	-3%	+2%	41.2	-4%
Aluminium (kt)	774	-3%	-5%	2,393	+1%
Mined copper (kt)	125.2	-3%	+8%	361.2	-9%
Titanium dioxide slag (kt)	209	-29%	-30%	787	-7%
IOC iron ore pellets & concentrate (Mt)	2.2	-8%	-20%	7.2	-6%
*Rio Tinto share unless otherwise stated

Q3 operational highlights and other key announcements

We continue to prioritise the safety of our people and communities as we learn to live with COVID-19. Our all injury frequency rate (AIFR) of 0.37 has seen an increase versus the third quarter of 2020 (0.35), but an improvement against the prior quarter (0.39).

We now expect Pilbara shipments to be 320 to 325 million tonnes (previously at the low end of 325 to 340 million tonnes) following modest delays to completion of the new greenfield mine at Gudai-Darri and the Robe Valley brownfield mine replacement project due to the tight labour market in Western Australia. Iron Ore Company of Canada (IOC) pellets and concentrate full year guidance has been reduced to 9.5 to 10.5 million tonnes (previously 10.5 to 12.0 million tonnes). Refined copper guidance has been reduced to 190 to 210 thousand tonnes (previously 210 to 250 thousand tonnes) due to an incident at the Kennecott smelter in September. We made small adjustments to bauxite and mined copper, and reintroduced guidance for titanium dioxide following resumption of operations at Richards Bay Minerals (RBM) in South Africa.

Pilbara shipments in the third quarter were 83.4 million tonnes (100% basis), 9% higher than the prior quarter and 2% higher than the third quarter of 2020. Pilbara iron ore production of 83.3 million tonnes (100% basis) was 4% lower than the third quarter of 2020 due to heritage management, brownfield mine replacement tie-ins and project completion delays. This also resulted in an increase of SP10 production in the third quarter that will continue into the fourth quarter.

Bauxite production of 14.0 million tonnes was 3% lower than the third quarter of 2020 due to equipment reliability issues and overruns on planned shutdowns at our Pacific operations.

Aluminium production of 0.8 million tonnes was 3% lower than the third quarter of 2020, due to strike action at the Kitimat smelter. On 2 October, we reached a new Collective Labour Agreement for our British Columbia operations, which includes the Kitimat smelter and the Kemano hydropower facility. The smelter will steadily ramp up following a period of reduced production due to industrial activity.

Mined copper production of 125.2 thousand tonnes was 3% lower than the third quarter of 2020 due to lower recoveries and throughput at Escondida as a result of the prolonged impact of COVID-19, partly offset by higher recovery and grade at Kennecott in Utah and improved performance and increased mill feed at Oyu Tolgoi.

On 22 July, we announced the approval of a $108 million investment to investigate the feasibility of an underground mine below the existing open pit at Kennecott. Infrastructure from previous underground projects will be extended to access the North Rim Skarn orebody, allowing for the development of crosscuts and further drilling of the resource. Potential underground mining would occur concurrently with open pit operations and result in increased copper output.

Titanium dioxide slag production of 209 thousand tonnes was 29% lower than the third quarter of 2020. On 24 August, RBM in South Africa resumed operations following stabilisation of the security situation, supported by the national and provincial government, as well as substantive engagement with host communities and their traditional authorities.

Production of pellets and concentrate at IOC was 8% lower than the third quarter of 2020 due to labour and equipment availability issues impacting product feed. The annual planned concentrator shutdown was completed in September.

At the Oyu Tolgoi underground project in Mongolia, as a result of COVID-19 impacts and outstanding non-technical undercut criteria, first sustainable production will be no earlier than January 2023 (previously October 2022), subject to the timing of commencement of the undercut. The full impact on the cost of the integrated project is subject to further analysis once we have clarity on the timeline around the completion of the undercut criteria and ongoing COVID-19 restrictions.

On 27 July, we committed funding of $2.4 billion to the Jadar lithium-borates project in Serbia, subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society.

On 16 September, we made a statement regarding the Australian Taxation Office (ATO) issuing Rio Tinto Limited with penalty assessments in respect of the amended assessments issued on 2 March 2021 related to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. We are confident of our position and have disputed the primary tax and penalty assessments. In accordance with the usual practice, we have paid 50% of the primary tax up-front as part of the objections process.

In the third quarter, we entered into three partnerships to progress our work to decarbonise our value chain. These include one with Komatsu to fast-track the development and implementation of zero-emission mining haulage solutions, one with Sumitomo Corporation to study the construction of a hydrogen pilot plant at our Yarwun alumina refinery in Gladstone, Queensland, and one with Caterpillar for the development of zero-emissions autonomous haul trucks for use at one of our Western Australian mining operations.

The full third quarter production results are available here

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014006120/en/

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, UK

Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas

Matthew Klar
T +1 514 608 4429

Media Relations, Australia

Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, UK

Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Investor Relations, Australia

Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc

6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited

Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

This announcement is authorised for release to the market by Steve Allen, Rio Tinto’s Group Company Secretary.

LEI: 213800YOEO5OQ72G2R82
Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State

Category: General

The WisdomTree Global exU.S. Quality Dividend Growth ETF (DNL) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the World ETFs category of the market.

What Are Smart Beta ETFs?

Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.

Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.

If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.

Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.

Even though this space provides many choices to investors–think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting–not all have been able to deliver first-rate results.

Fund Sponsor & Index

Managed by Wisdomtree, DNL has amassed assets over $417.98 million, making it one of the larger ETFs in the World ETFs. DNL seeks to match the performance of the WisdomTree Global ex-U.S. Quality Dividend Growth Index before fees and expenses.

The WisdomTree Global ex-U.S. Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend paying stocks with growth characteristics in the developed and emerging markets outside of the United States.

Cost & Other Expenses

Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.

Operating expenses on an annual basis are 0.58% for DNL, making it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 1.89%.

Sector Exposure and Top Holdings

While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

Looking at individual holdings, Rio Tinto Ltd (RIO) accounts for about 4.59% of total assets, followed by Taiwan Semiconductor Manufacturing Co Ltd and Unilever Plc (ULVR).

The top 10 holdings account for about 36.72% of total assets under management.

Performance and Risk

So far this year, DNL has added about 7.15%, and is up roughly 17.72% in the last one year (as of 10/13/2021). During this past 52-week period, the fund has traded between $32.44 and $43.87.

DNL has a beta of 0.82 and standard deviation of 22.27% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 276 holdings, it effectively diversifies company-specific risk.

Alternatives

WisdomTree Global exU.S. Quality Dividend Growth ETF is a reasonable option for investors seeking to outperform the World ETFs segment of the market. However, there are other ETFs in the space which investors could consider.

IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. IShares Core Dividend Growth ETF has $20.03 billion in assets, Vanguard Dividend Appreciation ETF has $61.19 billion. DGRO has an expense ratio of 0.08% and VIG charges 0.06%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the World ETFs.

Bottom Line

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

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

WisdomTree Global exU.S. Quality Dividend Growth ETF (DNL): ETF Research Reports

Rio Tinto PLC (RIO) : Free Stock Analysis Report

Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports

iShares Core Dividend Growth ETF (DGRO): ETF Research Reports

To read this article on Zacks.com click here.

Multiple Gold Veins Drilled. Visible Gold Reported.

MIRAMICHI, New Brunswick, Oct. 13, 2021 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has completed a diamond drilling program at its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick, Canada. A total of 21 holes were drilled for a total program of 1222 m. The first 10 holes were reported September 19, 2021. Since then, SLAM has drilled an additional 503 m in 11 holes numbered BG21-19 to BG21-28.

A total of 10 holes BG21-09-BG21-12 and holes BG21-23 to BG21-28 were drilled to test vein No. 18 where the Company reported visible gold with assay results grading up to 3,955 g/t gold over 0.10 m thick from trench samples as reported by the Company on December 03, 2020. Hole BG21-19 tested part of the vein swarm associated with the No. 22 vein. Holes BG21-20 to BG21-22 tested the No. 2 vein. All 10 of the holes on vein No. 18 intersected quartz veins with visible gold noted in 3 holes.

Logging and sampling are in progress. To date 231 samples sawn from holes BG21-09 to BG21-17 have been submitted to the lab. Core logging and sampling continues on holes BG21-18 to BB21-28. For additional information and maps visit Menneval Gold Project or call Mike Taylor 506-623-8960.

The Menneval Project: The Menneval Gold project is SLAM’s flagship project, the Company intends to focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.

About SLAM Exploration Ltd:

SLAM is a project-generating resource company focused on is its flagship Menneval Gold project where the 2021 trenching program is underway. The Company intends to conduct preliminary prospecting and geochemistry on the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of the Puma Exploration Ltd. gold discovery at Williams Brook on the Millstream Break. SLAM also expects to conduct preliminary programs on the Jake Lee, Mount Victor and other gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in the vicinity of Galway’s Clarence stream gold deposit. SLAM owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement. SLAM holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in the BMC.

The Company has generated cash from the sale of securities received from mineral property option agreements with other companies and has sufficient funds for the work currently in progress. The Company has applied for funding assistance up to $100,000 under the New Brunswick Junior Mining Assistance Program in support of a proposed 2021 drilling program. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.

$20,000 NBJMAP Grant: The Menneval drilling program was supported in part by a grant of $20,000 under the New Brunswick Junior Mining Assistance Program (“NBJMAP”). The Company wishes to thank the Province for this recognition of the Menneval project and its importance to the emerging gold industry in New Brunswick.

QA-QC Procedures: Core was picked up at the core at the drill site and delivered to a secure facility for logging by SLAM’s professional team. Selected core was marked for sampling and for sawing. The company inserted blanks and standards into the sample series. A total of 231 samples have been delivered to the ALS Geochemistry lab in Moncton New Brunswick for analysis. SLAM requested gold analysis using ALS analytical code Au-AA23.

Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960 mike@slamexploration.com

Eugene Beukman, CFO
Contact: 604-687-2038 ebeukman@pendergroup.ca

SEDAR: 00012459E

Toronto, Ontario–(Newsfile Corp. – October 13, 2021) – GPM Metals Inc. (TSXV: GPM) ("GPM" or the "Company") announces a non-brokered private placement (the "Offering") pursuant to which it will issue up to 3,000,000 units ("Units") at a price of $0.10 each to raise aggregate gross proceeds of up to $300,000.00.

Each Unit will consist of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant"), with each Warrant entitling the holder thereof to acquire one additional Share at an exercise price of $0.15 for a period of 36 months.

All proceeds from the sale of Units pursuant to the Offering shall be immediately available to the Company.

Insiders of the Company may subscribe for up to 3,000,000 Units in the Offering.

The insider participation will be considered to be related party transactions within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.

The Offering is currently scheduled to close on or about October 29, 2021, and remains subject to the receipt of all applicable regulatory approvals.

For further information please contact:

Dan Noone, Executive Chairman
GPM Metals Inc.
Suite 1101- 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone: + 416 628 5904
Email: info@gpmmetals.ca

Neither 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.

Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, the anticipated size and completion the Offering and the receipt of applicable regulatory approvals, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99410

TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) senior management will host a conference call on Thursday, November 4, 2021 at 8:30 a.m. ET to discuss the company’s third quarter 2021 results.

Third Quarter 2021 Results Conference Call and Webcast

Date:	Thursday, November 4, 2021
Time:	8:30 a.m. ET
Webcast:	www.hudbay.com
Dial in:	1-416-915-3239 or 1-800-319-4610

Hudbay plans to issue a news release containing the third quarter 2021 results on Wednesday, November 3, 2021 and post it on the company’s website. An archived audio webcast of the call also will be available on Hudbay’s website.

About Hudbay

Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on www.hudbay.com.

For further information, please contact:

Candace Brûlé
Director, Investor Relations
(416) 814-4387
candace.brule@hudbay.com

MELBOURNE, Australia, October 13, 2021–(BUSINESS WIRE)–Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions.

Over the past decade, Rio Tinto has developed a laboratory-proven process that combines the use of raw, sustainable biomass with microwave technology to convert iron ore to metallic iron during the steelmaking process. The patent-pending process, one of a number of avenues the company is pursuing to try to lower emissions in the steel value chain, is now being further tested in a small-scale pilot plant.

If this and larger-scale tests are successful, there is the potential over time for this technology to be scaled commercially to process Rio Tinto’s iron ore fines.

Rio Tinto Iron Ore Chief Executive Simon Trott said, "We are encouraged by early testing results of this new process, which could provide a cost-efficient way to produce low-carbon steel from our Pilbara iron ore.

"More than 70 per cent of Rio Tinto’s Scope 3 emissions are generated as customers process our iron ore into steel, which is critical for urbanisation and infrastructure development as the world’s economies decarbonise. So, while it’s still early days and there is a lot more research and other work to do, we are keen to explore further development of this technology."

Rio Tinto’s process uses plant matter known as lignocellulosic biomass, instead of coal, primarily as a chemical reductant. The biomass is blended with iron ore and heated by a combination of gas released by the biomass and high efficiency microwaves that can be powered by renewable energy.

Rio Tinto researchers are working with the multi-disciplinary team in the University of Nottingham’s Microwave Process Engineering Group to further develop the process.

The University’s Head of Department, Chemical and Environmental Engineering, Professor Chris Dodds, said, "It is really exciting to have the opportunity to be part of a great team working on a technology that, if developed to commercial scale, has the potential to have a global impact through decarbonising key parts of the steel production process."

The use of raw biomass in Rio Tinto’s process could also avoid the inefficiencies and associated costs of other biomass-based technologies that first convert the biomass into charcoal or biogas.

Lignocellulosic biomass includes agriculture by-products (i.e. wheat straw, corn stover, barley straw, sugar cane bagasse) and purpose-grown crops, which would be sustainable sources for the process.

Importantly, the process cannot use foods such as sugar or corn, and Rio Tinto would not use biomass sources that support logging of old-growth forests.

Simon Trott said, "We know there are complex issues related to biomass sourcing and use and there is a lot more work to do for this to be a genuinely sustainable solution for steelmaking. We will continue working with others to understand more about these concerns and the availability of sustainable biomass."

If developed further, the technology would be accompanied by a robust and independently accredited certification process for sustainable sources of biomass.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211013005391/en/

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: General

VANCOUVER, British Columbia, October 13, 2021–(BUSINESS WIRE)–Capstone Mining Corp. ("Capstone" or the "Company") (TSX:CS) will release its 2021 third quarter ("Q3 2021") results on Tuesday, October 26, 2021 after market close. Management will discuss the results during an investor conference call on Wednesday, October 27, 2021 at 1:00 pm Eastern Time / 10:00 am Pacific Time.

Q3 2021 RESULTS CONFERENCE CALL AND WEBCAST DETAILS

Link to join the live webcast and audio:
https://produceredition.webcasts.com/starthere.jsp?ei=1505322&tp_key=98d4b26da7

Dial-in numbers for the audio-only portion of the conference call:

Toronto:		(+1) 416-764-8650
Vancouver:		(+1) 778-383-7413
North America toll free:		888-664-6383
Confirmation number:		06479965

Due to an increase in call volume, participants are asked to dial-in at least five minutes prior to the call start to ensure placement into the conference line on time.

A replay of the conference call will be available until November 3, 2021. To listen to the replay, please dial:

Toronto:	(+1) 416-764-8677, or
North American toll free:	888-390-0541
Replay code:	479965#
Following the replay, an audio file will be available on Capstone’s website at:
https://capstonemining.com/investors/events-and-presentations/default.aspx.

ABOUT CAPSTONE MINING CORP.

Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the responsible development of our assets and the environments in which we operate. Our two producing mines are the Pinto Valley copper mine located in Arizona, US and the Cozamin copper-silver mine in Zacatecas State, Mexico. In addition, Capstone owns 100% of Santo Domingo, a large scale, fully permitted, copper-iron-gold project in Region III, Chile, as well as a portfolio of exploration properties. Capstone's strategy is to focus on the optimization of operations and assets in politically stable, mining-friendly regions, centred in the Americas. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211013006130/en/

Contacts

Jerrold Annett, SVP, Strategy and Capital Markets
647-273-7351
jannett@capstonemining.com

Kettina Cordero, Director Investor Relations & Communications
604-262-9794
kcordero@capstonemining.com

In this article we will check out the progression of hedge fund sentiment towards Teck Resources Ltd (NYSE:TECK) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also employ numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

Teck Resources Ltd (NYSE:TECK) investors should pay attention to an increase in support from the world's most elite money managers in recent months. Teck Resources Ltd (NYSE:TECK) was in 40 hedge funds' portfolios at the end of June. The all time high for this statistic is 41. Our calculations also showed that TECK isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by 79 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.

Harold Levy of Iridian Asset Management

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, we like undervalued, EBITDA-positive growth stocks, so we are checking out stock pitches like this emerging biotech stock. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind we're going to take a glance at the new hedge fund action surrounding Teck Resources Ltd (NYSE:TECK).

Do Hedge Funds Think TECK Is A Good Stock To Buy Now?

At the end of the second quarter, a total of 40 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 33% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards TECK over the last 24 quarters. So, let's review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

The largest stake in Teck Resources Ltd (NYSE:TECK) was held by Contrarius Investment Management, which reported holding $170.1 million worth of stock at the end of June. It was followed by Iridian Asset Management with a $168.3 million position. Other investors bullish on the company included Antipodes Partners, Castle Hook Partners, and Citadel Investment Group. In terms of the portfolio weights assigned to each position Castle Hook Partners allocated the biggest weight to Teck Resources Ltd (NYSE:TECK), around 8.49% of its 13F portfolio. Contrarius Investment Management is also relatively very bullish on the stock, earmarking 8.27 percent of its 13F equity portfolio to TECK.

As aggregate interest increased, specific money managers were leading the bulls' herd. Southpoint Capital Advisors, managed by John Smith Clark, assembled the most outsized position in Teck Resources Ltd (NYSE:TECK). Southpoint Capital Advisors had $23 million invested in the company at the end of the quarter. Mark Kingdon's Kingdon Capital also made a $16.9 million investment in the stock during the quarter. The other funds with new positions in the stock are Todd J. Kantor's Encompass Capital Advisors, Brandon Haley's Holocene Advisors, and Joe DiMenna's ZWEIG DIMENNA PARTNERS.

Let's check out hedge fund activity in other stocks – not necessarily in the same industry as Teck Resources Ltd (NYSE:TECK) but similarly valued. These stocks are Iron Mountain Incorporated (NYSE:IRM), InterContinental Hotels Group PLC (NYSE:IHG), Black Knight, Inc. (NYSE:BKI), Ozon Holdings PLC (NASDAQ:OZON), Dr. Reddy's Laboratories Limited (NYSE:RDY), Jack Henry & Associates, Inc. (NASDAQ:JKHY), and Tapestry, Inc. (NYSE:TPR). This group of stocks' market valuations resemble TECK's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position IRM,25,81927,9 IHG,6,10475,-2 BKI,33,995228,-7 OZON,19,190660,2 RDY,11,188216,-1 JKHY,22,180204,2 TPR,41,1128944,-9 Average,22.4,396522,-0.9 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 22.4 hedge funds with bullish positions and the average amount invested in these stocks was $397 million. That figure was $1277 million in TECK's case. Tapestry, Inc. (NYSE:TPR) is the most popular stock in this table. On the other hand InterContinental Hotels Group PLC (NYSE:IHG) is the least popular one with only 6 bullish hedge fund positions. Teck Resources Ltd (NYSE:TECK) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for TECK is 87.8. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 21.8% in 2021 through October 11th and still beat the market by 4.4 percentage points. Hedge funds were also right about betting on TECK as the stock returned 20% since the end of Q2 (through 10/11) and outperformed the market. Hedge funds were rewarded for their relative bullishness.

Get real-time email alerts: Follow Teck Resources Ltd (NYSE:TCK)

Suggested Articles:

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

VANCOUVER, British Columbia, Oct. 11, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports the highlights of the Red Chris Block Cave Pre-Feasibility Study (PFS) which confirms the potential to develop a world class, low cost, long life mine. Newcrest’s recently completed PFS indicates the project has an estimated 17% IRR and CAD$2.3 billion NPV over an initial 31 year mine life at prices of US$3.30 per pound copper and US$1500 per troy ounce gold. Some key results from the PFS are noted below:

Production projected to average 80 thousand tonnes of copper and 316,000 ounces of gold per annum for 6 years starting July 2028
Impressive Block Cave Life-of-Mine All-In Sustaining Cost of negative US$144 per ounce of gold
Initial Mineral Reserve estimate of 8.1 million ounces gold and 2.2 million tonnes copper
Payback of 3.2 years
Block Cave First Ore first half of 2026
Further optimization underway to assess opportunities proximate to the mining area, incl. East Ridge
Studies are underway to consider “early mining” of high-grade pods to enhance cashflows prior to development of a block cave

With the completion of the PFS, Newcrest has approved preparation of a Feasibility Study which is expected to be completed in the first half 2023. Newcrest intends to release a National Instrument 43-101 (NI 43-101) technical report on Red Chris within 45 days of this release.

Imperial President, Brian Kynoch, said “The Red Chris Block Cave Pre-Feasibility Study confirms Imperial’s long held view that Red Chris has the potential to be a long life, low cost mine capable of producing both copper and gold at low unit costs. Additionally, with British Columbia’s hydro-generated grid powering the project and the efficient block cave mining to be utilized at Red Chris, we believe the project’s carbon footprint will be low.

The exploration results being obtained in the East Ridge and the multiple high-grade pods being defined by additional drilling in the East Zone provide further project upside beyond the scope of this Study. ‘Early mining’ of the high grade pods in the East Zone prior the initiation of a block cave is being evaluated and could help fund the block cave development.”

The findings contained in this release with respect to the Red Chris PFS are in 100% terms, Imperial is a 30% Joint venture partner in the project. Further details with the respect to the PFS are available on each the Newcrest and Imperial website (www.imperialmetals.com).

Mineral Resources and Mineral Reserves

The Red Chris Mineral Resource has been updated for mining depletion to 30 June 2021 from that reported in the release titled ‘Newcrest announces its initial Mineral Resource estimate for Red Chris’ dated 31 March 2021. All other assumptions remain unchanged. Mineral Resources are reported inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Data is reported to two significant figures to reflect appropriate precision in the estimates and this may cause some apparent discrepancies in totals. Data represents 100% of the Mineral Resources and Mineral Reserves for Red Chris. Imperial’s joint venture interest in the Mineral Resources and Mineral Reserves is 30%.

Red Chris Gold (100%)	Measured Resource			Indicated Resource			Measured and Indicated Mineral Resource
Gold Measured and Indicated Mineral Resources	Dry Tonnes (million)	Gold Grade (g/t Au)	Insitu Gold (million ounces)	Dry Tonnes (million)	Gold Grade (g/t Au)	Insitu Gold (million ounces)	Dry Tonnes (million)	Gold Grade (g/t Au)	Insitu Gold (million ounces)
Red Chris Open Pit (incl.stockpiles)	11	0.17	0.062	290	0.28	2.6	300	0.28	2.7
Red Chris Underground	–	–	–	670	0.46	10	670	0.46	10
Total Red Chris Province	11	0.17	0.062	960	0.41	13	980	0.41	13

Red Chris Gold (100%)	Inferred Mineral Resource
Gold Inferred Mineral Resources	Dry Tonnes (million)	Gold Grade (g/t Au)	Insitu Gold (million ounces)
Red Chris Open Pit (incl.stockpiles)	11	0.23	0.083
Red Chris Underground	180	0.32	1.8
Total Red Chris Province	190	0.31	1.9

Red Chris Copper (100%)	Measured Resource			Indicated Resource			Measured and Indicated Mineral Resource
Copper Measured and Indicated Mineral Resources	Dry Tonnes (million)	Copper Grade (% Cu)	Insitu Copper (million tonnes)	Dry Tonnes (million)	Copper Grade (% Cu)	Insitu Copper (million tonnes)	Dry Tonnes (million)	Copper Grade (% Cu)	Insitu Copper (million tonnes)
Red Chris Open Pit (incl.stockpiles)	11	0.24	0.028	290	0.34	1.0	300	0.33	1.0
Red Chris Underground	–	–	–	670	0.40	2.7	670	0.40	2.7
Total Red Chris Province	11	0.24	0.028	960	0.38	3.7	980	0.38	3.7

Red Chris Copper (100%)	Inferred Mineral Resource
Copper Inferred Mineral Resources	Dry Tonnes (million)	Copper Grade (% Cu)	Insitu Copper (million tonnes)
Red Chris Open Pit (incl.stockpiles)	11	0.27	0.030
Red Chris Underground	180	0.30	0.54
Total Red Chris Province	190	0.30	0.57

Red Chris Gold (100%)	Proven Reserve			Probable Reserve			Proven and Probable Mineral Reserve
Gold Proven and Probable Mineral Reserve	Dry Tonnes (million)	Gold Grade (g/t Au)	Insitu Gold (million ounces)	Dry Tonnes (million)	Gold Grade (g/t Au)	Insitu Gold (million ounces)	Dry Tonnes (million)	Gold Grade (g/t Au)	Insitu Gold (million ounces)
Red Chris Open Pit (incl.stockpiles)	–	–	–	75	0.36	0.86	75	0.36	0.86
Red Chris Underground	–	–	–	410	0.55	7.2	410	0.55	7.2
Total Red Chris Province	–	–	–	480	0.52	8.1	480	0.52	8.1

Red Chris Copper (100%)	Proven Reserve			Probable Reserve			Proven and Probable Mineral Reserve
Copper Proven and Probable Mineral Reserve	Dry Tonnes (million)	Copper Grade (% Cu)	Insitu Copper (million tonnes)	Dry Tonnes (million)	Copper Grade (% Cu)	Insitu Copper (million tonnes)	Dry Tonnes (million)	Copper Grade (% Cu)	Insitu Copper (million tonnes)
Red Chris Open Pit (incl.stockpiles)	–	–	–	75	0.42	0.31	75	0.42	0.31
Red Chris Underground	–	–	–	410	0.45	1.8	410	0.45	1.8
Total Red Chris Province	–	–	–	480	0.45	2.2	480	0.45	2.2

Material Assumptions for Mineral Reserves

Red Chris is an operating open pit mining both the East and Main Zone resources. The underground Mineral Reserves are based on transitioning from open pit to underground mining of the East Zone resource at depth. The Mineral Reserves are supported by the PFS. The Project is progressing to the Feasibility Stage. If required any adjustments to the Mineral Reserves statements will be made at the completion of the Feasibility Study.

Mineral Reserve Classification

The Probable Mineral Reserve is based on Indicated Mineral Resources and diluting material. Diluting material is either low grade Indicated Mineral Resource or material carrying no grade. No Measured Mineral Resources are stated for this deposit. The resource classification is based on an assessment of geological confidence as a function of geological and mineralisation continuity.

Mining Method

Various mining methods have been considered for the extraction of the East Zone resources. Based on the depth, size, grade and existing site production rate block caving has been deemed the most appropriate mining method by the PFS and supported via independent reviews. On-going data collection and geotechnical and mining studies will provide ongoing design parameters for the Project.

Mineral Processing

Processing of the Red Chris Underground ore stream will be through the Red Chris Concentrator, which will be upgraded to accommodate a combination of larger throughput, increased hardness and higher gold and copper head grades. The upgraded plant will utilise grinding and flotation to produce a copper-gold concentrate using similar unit operations to the current plant. A parallel single-stage SAG (SSAG) grinding circuit will be installed, with a dedicated coarse ore stockpile. Underground ore will be divided between the existing grinding circuit and the new SSAG circuit at a ratio of approximately 60:40. The combined throughput of the upgraded plant will be 13.6 Mtpa. Additional rougher and cleaner flotation capacity, a new regrind circuit, and expanded concentrate dewatering equipment and concentrate load-out facility are also included in the plant upgrade. The application of coarse particle flotation has also been considered for moderate future throughput expansion, and the selection of a SSAG enables further expansion through addition of a ball mill in the future.

Metallurgical testwork, plant design and capital and operating cost estimation were completed to Pre-Feasibility level of accuracy. Metallurgical testing on a range of underground samples provided data to size the single-stage SAG mill and estimate copper and gold recoveries attributable to underground ore. The anticipated recoveries for underground ore are 81 to 86% for copper and 60 to 75% for gold across the life of the project. Test samples focused mostly on the first 15 years of underground production but included some material from the remainder of the anticipated mine life. The mineralogy of underground samples was found to be more favourable for gold recovery than for current Red Chris open pit operations. Underground ore mineralogy was shown to have some upside for producing high copper concentrate grades due to the presence of enriched copper minerals such as bornite in certain zones in the orebody. The overall metallurgical recoveries for open pit ore varies by pit location and is based on historic production data and laboratory test samples and have been estimated as 79% for copper and 51% for gold.

Cut-Off Grade

The Red Chris Mineral Reserve employs a value-based cut-off determined from the Net Smelter Return (NSR) value equal to the site operating cost derived from the PFS. The NSR calculation takes into account Mineral Reserve revenue factors, metallurgical recovery assumptions, transport costs, refining charges, and royalty charges. The site operating costs include mining cost, processing cost, relevant site general & administration costs and relevant sustaining capital costs. The cut-off value for reporting within the open pit mining area is based on an NSR value above C$16.50/tonne milled, whilst the shut off values for each underground macro block is as follows: MB1 = C$22.00/t Milled, MB2 and MB3 C$22.80/t Milled. The Mineral Reserve revenue factors are consistent with Newcrest metal price guideline reporting with a gold price of US$1300/oz, copper price of US$3.00/lb, and a CAD:USD exchange rate of 0.75.

Estimation Methodology

Capital cost estimation for the project has been based on a blend of material take-offs and factored quantities with semi-detailed unit costs targeting a Class 4 Capital Cost per Association for the Advancement of Cost Engineering International (AACEI) guidelines and an accuracy range ± 25%. The Operating Cost estimate has been compiled to an accuracy of +/-25%. Contingency has been calculated and applied to the Capital Cost estimate. No contingency has been applied to the Operating Cost estimate. All inputs are in June 2021 Canadian Dollars.

Material Modifying Factors

All development has mining factors for dilution and mining recovery applied to accurately represent the expected mined tonnes. PCBC™ software is used for cave production scheduling and estimation of grade for material drawn from the block caves. The resource estimate includes internal dilution, and external dilution is included as part of the draw model, with no mining recovery factors applied to the Mineral Reserve estimate. Red Chris has no block cave operational data supporting the assumptions within the PCBC™. The parameters are based on deposits and operations of similar properties providing confidence in the applicability. These parameters have been independently reviewed and found to be suitable to support the Mineral Reserves.

Other Modifying Factors

Red Chris Operations and the Red Chris Open pit are in material compliance with all legal and regulatory requirements. Management of water resources was a primary focus of the PFS and involved the creation of a water balance model for PFS decision-making and to support environmental studies. The results of the water balance indicate that the demands for water for the Block Cave Project, which result from the increase in production rates over current practice, can be achieved by applying water management processes, largely aimed at improving reclaim and recycling of water.

The permitting plan proposes a staged approach to permitting, appropriate to the long-term nature of the Project. The Energy, Mines & Low Carbon Innovation, Environmental Assessment Office and Tahltan Central Government through its representatives have been consulted by Red Chris¹ on the permit applications submitted by Red Chris to date. Red Chris¹ will continue to engage and consult with the Tahltan Central Government and government agencies on the development of the permitting plan and applications for the Project. The timing of obtaining the authorisations remains a risk to the Project and is being actively managed through engagement with the relevant parties. The permitting process has been informed by engagement of independent experts in British Columbian permitting. Obtaining permits to extract the reserves using the block cave mining method has sufficient confidence to support the reserves statement.

The technical and scientific information contained in this document relating to Red Chris was reviewed and approved by Philip Stephenson, Newcrest’s Chief Operating Officer Australia and Americas, FAusIMM and a Qualified Person as defined in NI 43-101.

1. In these contexts, Red Chris equates to Newcrest Red Chris Mining Limited as operator of the Red Chris Joint Venture

About Imperial

Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry copper mines in British Columbia.

Company Contacts

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations with respect to Red Chris, including its mineral resources and reserves, proposed mining methodologies, proposed mineral processing, capital cost estimates and underlying assumptions, cost and length of life mine, Newcrest’s expected progression to and timing for completion of the Feasibility Stage, the release of the PFS on Red Chris, the potential upside provided by exploration results and additional drilling in the East Zone, the expected carbon footprint of the project, the early mining of high grade pods and its potential to fund block cave development, water management and the permitting process.

In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements 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 the forward-looking statements.

In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements. Such information is given only as of the date of this news release. The Company does not assume any obligation to update its forward-looking information to reflect new information, subsequent events or otherwise, except as required by law.

Vancouver, British Columbia–(Newsfile Corp. – October 12, 2021) – Mountain Boy Minerals Ltd (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9UA) ("Mountain Boy" or the "Company") is pleased to announce that Dorian L. (Dusty) Nicol has joined the Board of Directors.

Mr. Nicol is an experienced professional geologist with an excellent track record in the mining industry. Mr. Nicol has a B.Sc. degree in Earth Science from M.I.T. and an M.A. degree in geology from Indiana University. Dusty has over 45 years of world-wide experience in gold exploration and mining. He has designed and managed successful gold exploration programs throughout North and South America, Africa, Russia and the Former Soviet Union, and Papua New Guinea. He has also designed and managed generative gold exploration programs in Africa and Europe. At Jerritt Canyon, Nevada, he designed and managed the exploration program which discovered over 1.5 million ounces of gold at a discovery cost of about $18 / ounce over a 5-year period. His exploration program at the Tulkubash oxide deposit, Kyrgyzstan, added over 600,000 ounces of gold to M&I Resource in the first year, at a discovery cost of $11.40 / ounce.

His experience spans the spectrum of virtually every type of gold deposit in a variety of geologic settings. Dusty has also efficiently managed due diligence of gold projects at every stage of exploration, development, and production for investment funds and corporate acquisitions. In addition to his exploration experience, he has managed the construction, development, and operation of open pit and underground gold mines in Nevada and Mexico.

Dusty has held senior corporate positions on several publicly listed companies (TSX, TSX-V, ASX, AIM, and ASE), having served as a CEO / President, VP-Exploration, Technical Director, and Independent Director. Dusty speaks six languages fluently.

Lawrence Roulston, President and CEO, stated, "We are delighted to welcome Dusty as a Director of Mountain Boy. His exceptional breadth of hands-on exploration experience will be a huge help in advancing our diverse portfolio of projects. Equally importantly, his corporate and management experience will augment the team as we advance multiple projects."

Mr. Nicol commented: "I see enormous potential in the exceptional property portfolio that Mountain Boy has assembled and am excited to work with this talented geological team to advance those projects toward discovery."

Mr. Nicol has been granted 450,000 stock options exercisable at 21 cents per share for a period of five years, subject to the policies of the TSX Venture Exchange and the company's stock option plan.

About Mountain Boy Minerals

Mountain Boy has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.

The flagship American Creek project is centered on the historic Mountain Boy silver mine and is just north of the past producing Red Cliff gold and copper mine (in which the Company holds an interest). The American Creek project is road accessible and 20 km from the deep-water port of Stewart.
On the BA property, 178 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Work this year, including drilling, has extended that zone both north and south.
Surprise Creek is interpreted to be hosted by the same prospective stratigraphy as the BA property and hosts multiple occurrences of silver, gold and base metals.
On the Theia project, work by Mountain Boy and previous explorers has outlined a silver bearing mineralized trend 500 meters long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton).
Southmore is located in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s, and largely overlooked until Mountain Boy consolidated the property and confirmed the presence of multiple occurrences of gold, copper, lead and zinc. A property wide airborne geophysical survey is aiding the geological interpretation.
The Telegraph project, acquired in May 2021, has a similar geological setting to major gold and copper-gold deposits in the Golden Triangle. Exploration this season ground truthed results from numerous previous explorers, found new mineralized zones and prepared the project for drilling next season.

On behalf of the Board of Directors:

Lawrence Roulston
President & CEO

For further information, contact:

Lawrence Roulston
President & CEO
(604) 618-4756

Fraser Ruth
Manager of Investor Relations
(416) 274-3195

Kirsti Mattson
Corporate Communications/Media Relations
(778) 434-2241

NEITHER 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.

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that 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 the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99305

VANCOUVER, British Columbia, Oct. 12, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Don Lindsay and members of Teck’s senior management team will be presenting on Monday, November 1, 2021 from 1:00 p.m. to 2:00 p.m. Eastern / 10:00 a.m. to 11:00 a.m. Pacific time at Teck’s virtual QB2 Site Visit.

The live webcast will be available on Teck's website at www.teck.com.

Participants will be able to ask questions through the conference call facilities, and materials to accompany the event will be available online. The conference call dial-in is 416.406.0743 or toll free 800.898.3989, quote 4082377 if requested. Media are invited to attend on a listen-only basis.

The recording of the live webcast will be available from 3:00 p.m. Pacific time, November 1, 2021 on Teck’s website at www.teck.com.

About Teck
As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. 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:
Ellen Lai
Coordinator, Investor Relations
604.699.4257
ellen.lai@teck.com

Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

VANCOUVER, British Columbia, Oct. 12, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) has been named to the Forbes list of the World’s Best Employers 2021, an employee-driven ranking of multinational companies and institutions from 58 countries. This is the second year in a row that Teck has been named one of the World’s Best Employers by Forbes.

“Teck is privileged to have an exceptional workforce of skilled, dedicated and passionate people committed to responsibly providing the metals and minerals needed to build a better quality of life and making positive contributions to local communities,” said Don Lindsay, President and CEO. “We are committed to supporting the growth and development of our people and fostering a workplace where everyone is included and valued.”

Forbes and market research firm Statista selected the World’s Best Employers 2021 through an independent survey applied to a vast sample of approximately 150,000 employees from 58 countries working full or part time. The evaluation was based on direct and indirect recommendations from employees that were asked to rate their willingness to recommend their own employers to friends and family. Employee evaluations also included other employers in their respective industries that stood out either positively or negatively.

Teck has also been named as one of Canada’s Top 100 Employers by Mediacorp Canada’s Top Employers program for the past four years and one of Canada's Top Employers for Young People 2021.

Investor Contact
Fraser Phillips
Senior Vice President, Investor Relations & Strategic Analysis
604.699.4621
fraser.phillips@teck.com

Media Contact
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

MELBOURNE, Australia, October 11, 2021–(BUSINESS WIRE)–Rio Tinto’s vaccination hub at Perth Airport has opened today, enabling fly-in fly-out (FIFO) workers in the mining industry to easily access COVID-19 vaccination when they touch down in Perth.

Rio Tinto and Western Australia’s Department of Health partnered to establish the new hub, which will operate at Perth Airport T2 and T3 and is specifically designed to be accessible for FIFO workers from the resources sector travelling through Perth Airport.

The hubs are part of Rio Tinto’s commitment to help boost vaccination rates across the State. Rio Tinto has made the facility available to vaccinate workers in the mining FIFO community, regardless of the company they work for.

The opening of the clinic follows the WA Government’s announcement that vaccination would be mandatory for FIFO and other resources sector employees.

In addition, Rio Tinto announced that vaccination will be a requirement for its entire WA workforce, including those who work in offices and other facilities in Perth.

The Perth Airport vaccination clinics will operate on weekdays from 10am to 8pm with appointment times aligned to flight arrival times. Bookings are essential to avoid delays. Walk-in opportunities are limited based on daily vaccine availability.

In September, Rio Tinto opened vaccination clinics in Tom Price and Paraburdoo and is working with the WA Government to establish similar clinics in Pannawonica, Cape Lambert and Dampier to assist with the vaccination rollout.

Rio Tinto Iron Ore Chief Executive, Simon Trott, urged all eligible FIFO workers from across the sector returning to Perth book an appointment as soon as possible.

"We encourage workers in our sector to take advantage of the Perth Airport clinics, which are open to all FIFO workers. We know how critically important it is to boost vaccination rates in WA and are pleased to be able to welcome workers to the clinic.

"Following the WA Government’s announcement that vaccination will be mandatory for FIFO and other workers in WA’s resources sector, it’s important that workers in the sector book an appointment as soon as possible, and the Perth Airport clinic makes the process easy.

"Rio Tinto is proud to work with the WA Government to deliver these clinics and will continue to assist with boosting vaccination rates across WA."

Further information and bookings can be made via rollup.wa.gov.au.

Category: Pilbara

View source version on businesswire.com: https://www.businesswire.com/news/home/20211010005077/en/

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, UK

Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas

Matthew Klar
T +1 514 608 4429

Investor Relations, UK

Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Media Relations, Australia

Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia

Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc

6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited

Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

CONNECT WITH US

Tweets

Tweet with hash tag #miningfeeds or @miningfeeds and your tweets will be displayed across this site.

Tweets by MiningFeeds

MOST ACTIVE MINING STOCKS

Daily Gainers


CMC Metals Ltd.	CMB.V	+900.00%
Eden Energy Ltd	EDE.AX	+200.00%
GoviEx Uranium Inc.	GXU.V	+42.86%
Eagle Nickel Ltd.	ENL.AX	+41.67%
Citigold Corp. Limited	CTO.AX	+33.33%
Mount Burgess Mining NL	MTB.AX	+33.33%
Exalt Resources Limited	ERD.AX	+31.94%
Casa Minerals Inc.	CASA.V	+30.00%
Cariboo Rose Resources Ltd	CRB.V	+28.57%
Belmont Resources Inc.	BEA.V	+28.57%

Billionaire Ken Fisher’s Top Dividend Stock Picks

10. 3M Company (NYSE:MMM)

9. JPMorgan Chase & Co. (NYSE:JPM)

8. Rio Tinto Group (NYSE:RIO)

7. UnitedHealth Group Incorporated (NYSE:UNH)

6. Oracle Corporation (NYSE:ORCL)

Understanding Return On Capital Employed (ROCE)

How Are Returns Trending?

What We Can Learn From First Quantum Minerals' ROCE

Why Does Debt Bring Risk?

How Much Debt Does Tasman Resources Carry?

How Strong Is Tasman Resources' Balance Sheet?

So How Risky Is Tasman Resources?

Do Hedge Funds Think TECK Is A Good Stock To Buy Now?

CONNECT WITH US

Tweets

MOST ACTIVE MINING STOCKS

Daily Gainers

Articles

FOUND POSTS

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