ROUYN-NORANDA, Quebec, June 22, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the USA) is pleased to inform shareholders that it has completed its previously-announced sale to Yamana Gold Inc. (TSX:YRI; NYSE:AUY; LSE:AUY) of the Francoeur/Arntfield/Lac Fortune gold property in Abitibi, Québec as well as 30 claims in Beauchastel township and three claims in Malartic township, Québec. The Francoeur/Arntfield/Lac Fortune property adjoins Yamana’s Wasamac Gold Mine project.

At closing, Globex received an initial payment of $4,000,000 from Yamana, satisfied by Yamana issuing 706,714 shares to Globex at a deemed price of $5.66 per share. As previously announced, the Purchase Agreement provides that Yamana will make the following additional cash payments to Globex, which Globex may elect to receive in Yamana shares:

Globex retained a 2% Gross Metal Royalty on all mineral production from the properties, of which 0.5% may be purchased by Yamana for $1,500,000.

The 706,714 Yamana shares issued to Globex at closing are subject to restrictions on resale for a period of four months.

This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

Forward Looking Statements: Except for historical information, this news release may contain certain “forward looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including closing of the transaction with Yamana Gold Inc., or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.

55,059,817 shares issued and outstanding

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company value investors might notice is Rio Tinto (RIO). RIO is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 5.90 right now. For comparison, its industry sports an average P/E of 7.38. Over the past year, RIO's Forward P/E has been as high as 11.65 and as low as 5.78, with a median of 8.47.

Another valuation metric that we should highlight is RIO's P/B ratio of 1.95. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. RIO's current P/B looks attractive when compared to its industry's average P/B of 3.05. RIO's P/B has been as high as 2.28 and as low as 1.52, with a median of 1.88, over the past year.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Rio Tinto is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, RIO feels like a great value stock at the moment.

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Rio Tinto PLC (RIO) : Free Stock Analysis Report
 
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Taking the next significant step toward mining automation, Rio Tinto plc Plc RIO in partnership with Caterpillar Inc. CAT will deploy the world’s first fully autonomous water truck at its $2.6 billion Gudai-Darri iron ore mine in Western Australia’s Pilbara region. Water spraying is a vital part of mining operations and this new technology will enhance productivity by enabling digital tracking of water consumption, while cutting down water wastage. This marks a significant step in Rio Tinto’s mine automation and digitalization program, and Caterpillar’s efforts in developing autonomous solutions for customers.

The water trucks with 160,000-litre tank capacity have intelligent on-board system, which on detecting dry and dusty conditions on site will trigger the application of water. When a refill is required, the trucks are programed to self-drive to the water stand, park and top-up, and return to the field. Caterpillar’s three water trucks will join Gudai-Darri’s fleet of Caterpillar heavy mobile equipment including autonomous haul trucks and production drills. Rio Tinto intends to make Gudai-Darri one of the world’s most technologically advanced mines. Construction at Gudai-Darri continues to progress with production ramp-up on track for early 2022. Once completed, the mine will have an annual capacity of 43 million tons.

Notably, Rio Tinto’s existing Autonomous Haulage System has improved safety by reducing the risks associated with operators working around heavy machinery. Rio Tinto and other miners are increasingly relying on autonomous systems for haulage and drilling. With the help of technology and automation, miners are bringing radical changes to mining operations to increase productivity, reduce cost and improve frontline safety. The companies are investing in digital initiatives like AI, cloud computing and advanced analytics.

Brazilian miner, Vale S.A VALE has been increasingly embracing the use of robotics and automation. For instance, at its Brucutu Mine, the entire fleet is autonomous, and recently it reached a record of physical use of that fleet. The autonomous operation test for trucks at the Carajás mine in Pará has already begun and implementation is planned for the second quarter of 2021. The company has expanded the use of 25 to 40 autonomous trucks at major underground mines in Sudbury. It is also preparing the infrastructure to enable autonomous underground operation in the Voisey’s Bay and Thompson expansion. Vale recently announced that it will be able to resume operations at its Timbopeba iron ore dry processing plant in the coming months thanks to the use of an unmanned train.

BHP Group BHP has been operating a fully-autonomous truck fleet at its Western Australian Jimblebar mine since 2017. The site is now one of the safest operations in its portfolio, with significant events involving trucks at Jimblebar having dropped by more than 90% since the introduction of autonomous haulage. Following its success, BHP announced it would implement an autonomous fleet at its Goonyella Riverside coal mine in Queensland in late 2019. The transition to an autonomous fleet of up to 86 trucks over the next two years is underway and will involve more than 40,000 hours of training delivered to the Goonyella team to develop the competencies required for autonomous operations. Separately, BHP has announced that it will introduce 20 autonomous trucks at its Newman East (Eastern Ridge) mine in Western Australia by the end of this year.

Capitalizing on this increasing demand, the largest global manufacturer of construction and mining equipment, Caterpillar is enhancing its autonomous capabilities and bringing innovative products into markets that provide it with a competitive edge in mining. Recently speaking at Bernstein 37th Annual Strategic Decisions Conference, Caterpillar’s CEO Jim Umpleby pointed toward a “long healthy cycle” in mining and strong commodity prices. Umpleby also highlighted that the energy transition has immense potential for Caterpillar in the long haul. The intensifying global focus on shifting from fossil fuels to zero emissions will require huge amount of commodities. This is a win-win situation for both miners and mining equipment makers.

BHP currently sports a Zacks Rank #1 (Strong Buy), while VALE, Rio Tinto and Caterpillar carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for BHP’s fiscal 2021 earnings suggests year-over-year growth of 84%. The stock has gained 43% in the past year.

The Zacks Consensus Estimate for Rio Tinto’s fiscal 2021 earnings indicates year-over-year improvement of 41%. The stock has surged 46% in the past year.

The Zacks Consensus Estimate for Vale’s fiscal 2021 earnings suggests year-over-year growth of 138%. The stock has soared 110% in the past year.

The Zacks Consensus Estimate for Caterpillar’s fiscal 2021 earnings indicates year-over-year growth of 46%. The stock has appreciated 69.5% in the past year.

Image Source: Zacks Investment Research

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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Caterpillar Inc. (CAT) : Free Stock Analysis Report

Rio Tinto PLC (RIO) : Free Stock Analysis Report

BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report

VALE S.A. (VALE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

How far off is EROAD Limited (NZSE:ERD) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. There's really not all that much to it, even though it might appear quite complex.

We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

See our latest analysis for EROAD

Is EROAD fairly valued?

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:

10-year free cash flow (FCF) estimate

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = NZ$86m

After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.1%. We discount the terminal cash flows to today's value at a cost of equity of 7.8%.

Terminal Value (TV)= FCF₂₀₃₀ × (1 + g) ÷ (r – g) = NZ$46m× (1 + 2.1%) ÷ (7.8%– 2.1%) = NZ$826m

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= NZ$826m÷ ( 1 + 7.8%)¹⁰= NZ$390m

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is NZ$476m. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of NZ$6.1, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

Important assumptions

We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at EROAD as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.8%, which is based on a levered beta of 1.197. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Looking Ahead:

Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For EROAD, there are three additional factors you should assess:

1. Risks: As an example, we've found 3 warning signs for EROAD that you need to consider before investing here.

2. Future Earnings: How does ERD's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

3. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!

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

This article by Simply Wall St is general in nature. 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.

Decarbonization plan leverages technology to address operational emissions, customer emissions, and carbon-negative actions

HOUSTON, Jun 22, 2021–(BUSINESS WIRE)–Regulatory News:

Schlumberger announced today its commitment to achieve net-zero greenhouse gas (GHG) emissions by 2050. Guided by climate science, Schlumberger has spent 18 months conducting extensive analysis and working with experts to produce a decarbonization plan. With minimal reliance on offsets, the plan is focused on reducing Scope 1, 2 and 3 emissions across the oil and gas value chain—including the introduction of its Transition Technologies portfolio to assist its customers and the wider industry in their decarbonization commitments.

Schlumberger is committed to getting to net zero, using 2019 as a baseline year, supported by a comprehensive near-term emission reduction roadmap and interim targets:

• By 2025, a 30% reduction in Scopes 1 and 2

• By 2030, a 50% reduction in Scopes 1 and 2; 30% reduction in Scope 3

• By 2050, Net Zero, with minimal reliance on offsets

Along this journey to net zero, Schlumberger will ensure transparency in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) and Sustainability Accounting Boards (SASB) frameworks. In this context, Schlumberger is working with the Science-Based Target initiative for formal external validation of its 2030 target.

"There is a new industry imperative to address climate change while meeting the demand for energy both today and in the long term, sustainably. We have a 2050 net-zero carbon emissions ambition which I believe is unique in our industry due to our capabilities as a technology company and our culture grounded in science. This reinforces our commitment to unlocking access to energy, for the benefit of all," said Olivier Le Peuch, chief executive officer, Schlumberger. "Our net-zero target is inclusive of total Scope 3 emissions; this is a first in the energy services industry."

"Our decarbonization plans are based upon climate science and focused on three key areas: operational emissions; customer emissions; and carbon-negative actions," said Katharina Beumelburg, chief strategy and sustainability officer, Schlumberger. "75% of Schlumberger’s baseline GHG footprint comes from the technologies our customers use. To address this, Schlumberger has introduced our Transition Technologies portfolio, which is designed to help customers reduce their Scope 1 and 2 emissions, while simultaneously enabling us to meet our Scope 3 emissions target."

The Transition Technologies portfolio will address fugitive emissions, flaring reduction, electrification, well construction emissions, and full field development solutions. Comprised of proprietary technologies and solutions, these will help to reduce direct and indirect emissions along with other environmental attributes, while simultaneously driving efficiency, reliability, and performance. To quantify the impact of these technologies, Schlumberger has developed a robust framework that enables standardization of measurement, benchmarking through net-footprint comparisons, and ultimately better-informed technology selection during planning.

Schlumberger’s decarbonization plan is aligned with the Paris Agreement to limit global warming to 1.5 degrees Celsius, achieving a climate neutral world by mid-century. Schlumberger is on track to achieve its previously set near-term emissions reduction target of 30% by 2025 for Scope 1 and 2, ahead of schedule.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the federal securities laws — that is, any statements that are not historical facts. Such statements often contain words such as "expect," "may," "can," "believe," "forecast," "estimate," "goal," "target," "will," and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, certain technologies; the business strategies of Schlumberger and its customers, including their respective decarbonization strategies; and other forecasts or expectations regarding the energy transition and global climate change. These statements are subject to risks and uncertainties, including legislative and regulatory initiatives addressing environmental concerns; and other risks and uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. The forward-looking statements speak only as of the date of this press release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210622005614/en/

Contacts

Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
communication@slb.com

Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
investor-relations@slb.com

By Rod Nickel

WINNIPEG, Manitoba, June 22 (Reuters) – Canadian potash producer Nutrien is not focused on any potential collaboration with miner BHP Group, a senior Nutrien executive said on Tuesday in the company's first public comments about reports of possible cooperation.

BHP has for years been constructing a potash mine at Jansen, Saskatchewan, near Nutrien's six mines in the Canadian province. BHP expects to present its board with a decision in a few months on whether to complete the project.

Canada's Globe and Mail newspaper reported in May that BHP and Nutrien were negotiating a joint venture that would see Nutrien take control of the Jansen mine, while Bloomberg reported the companies discussed various partnership options. Both cited unnamed sources.

"Today it's not our focus," said Nutrien Executive Vice-President of Potash Ken Seitz, in an interview, asked about potential for cooperation with BHP.

"I'll just say that everything you've seen is speculative and inaccurate."

BHP, the world's biggest miner, has estimated Jansen would cost up to $5.7 billion in its first phase. Potash offers BHP diversification from copper and iron ore into agricultural markets. Farmers spread the crop nutrient to boost yields.

Potash prices are surging, due to rising demand and recent European Union (EU) sanctions on Belarus, a major producer. Nutrien on Monday said it would boost potash output this year to take advantage.

Seitz said sanctions could hamper seaborne exports by Belaruskali, Belarus' state-owned potash company, as it depends on the Klapeida port in EU member Lithuania.

"That would be the big one, waiting to see whether as part of the sanctions, that trade route would be closed off," he said.

Nutrien could also benefit if sales by Russian potash producer Uralkali replace Belaruskali shipments to some markets and short others, like Brazil, Seitz said. (Reporting by Rod Nickel in Winnipeg Editing by Marguerita Choy)

These are the materials stocks with the best value, fastest growth, and most momentum for July 2021.

A visual chronicle of the 19th and 20th centuries, capturing over 800,000 iconic visuals across fashion and entertainment, politics, space and sports, is exclusively available in the The Vault

NEW YORK, June 22, 2021 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies, today announced an exclusive editorial partnership with leading media company Meredith Corporation (NYSE: MDP) to exclusively represent the iconic LIFE Picture Collection, one of the most significant photographic archives in the world, featuring over 800,000 of the most recognizable photos, magazine covers and historical moments chronicling the 20^th century.

The collection will form part of Shutterstock Editorial's archive, The Vault, which has over 60 million assets across photo and video, making it one of the largest photo and video archives in the world. As part of the partnership, Shutterstock and LIFE Picture Collection will work together to bring new, never before available images from the archive to market, making them available to Shutterstock's global customer base. As one of the world's most prestigious brands, LIFE Picture Collection is an incomparable library of stunning visuals that provide a glimpse into significant events, from Neil Armstrong's moon walk, to Martin Luther King Jr. marching for equality, as well as distinctive LIFE magazine covers featuring Diana, Princess of Wales, Winston Churchill, and Marilyn Monroe. These prolific moments were captured by some of the greatest photographers, including Alfred Eisenstaedt, Margaret Bourke-White, Andreas Feininger, John Dominis, Nina Leen, and Gjon Mili.

"Compelling exclusive editorial content is core to Shutterstock Editorial, and we are delighted to bring LIFE Picture Collection, one of the most remarkable archives in existence, to our customers around the world," said Candice Murray, VP of Editorial at Shutterstock. "Documenting history's most memorable moments from 1936 to 2000 across politics, culture, celebrities and sports, the collection is an unparalleled offering of some of the most important images ever captured."

"The LIFE Picture Collection—created by one of the world's most illustrious brands—is an exceptional photographic archive of monumental events and intimate moments from the 19th and 20th centuries," said Jill Golden, Director, LIFE Picture Collection and Vice-President, Picture Collection, Inc. "We are thrilled to bring this significant collection exclusively to Shutterstock as a trusted partner, and one of the most innovative creative content companies in the world."

Open The Vault to access The LIFE Picture Collection.

ABOUT SHUTTERSTOCK

Shutterstock, Inc. (NYSE: SSTK), is a leading global creative platform offering full-service solutions, high-quality content, and tools for brands, businesses and media companies. Directly and through its group subsidiaries, Shutterstock's comprehensive collection includes high-quality licensed photographs, vectors, illustrations, videos and music. Working with its growing community of over 1.7 million contributors, Shutterstock adds hundreds of thousands of images each week, and currently has more than 370 million images and more than 21 million video clips available.

Headquartered in New York City, Shutterstock has offices around the world and customers in more than 150 countries. The Company also owns Bigstock, a value-oriented stock media offering; Shutterstock Studios, an end-to-end custom creative shop; Offset, a high-end image collection; PremiumBeat, a curated royalty-free music library; Shutterstock Editorial, a premier source of editorial images and videos for the world's media; Amper Music, an AI-driven music platform; and TurboSquid, a leading 3D content marketplace.

For more information, please visit www.shutterstock.com and follow Shutterstock on Twitter and on Facebook.

ABOUT THE LIFE PICTURE COLLECTION

The LIFE Picture Collection is the visual chronicle of the 20th century and the most prestigious private photographic archive in the U.S. From 1936 to 2000, LIFE commissioned more than 10 million photographs across 120,000 stories. At its height, LIFE magazine's incomparable images and essays reached 1 of 3 American readers. The original pictures and articles remain in Meredith's LIFE Picture Collection, an unprecedented cultural asset with millions of untold stories and unseen images. The LIFE Picture Collection offers research, gallery, licensing and merchandising opportunities.

ABOUT MEREDITH CORPORATION

Meredith Corporation (NYSE: MDP), a leading media company for nearly 120 years, produces service journalism that engages audiences with essential, inspiring, and trusted content. Meredith reaches consumers where they are across multiple platforms including digital, video, magazine, and broadcast television. Meredith's National Media Group reaches nearly 95 percent of all U.S. women and more than 190 million unduplicated American consumers every month through such iconic brands as PEOPLE, Better Homes & Gardens, Allrecipes, Southern Living, and REAL SIMPLE. Meredith's premium digital network reaches more than 150 million consumers each month. The Company is the No. 1 U.S. magazine operator with 36 million subscribers and the No. 2 global licensor with robust brand licensing activities that include a Better Homes & Gardens partnership with Walmart. Meredith's Local Media Group portfolio includes 17 television stations reaching 11 percent of U.S. households and 30 million viewers. Meredith's portfolio is concentrated in large, fast-growing markets, with seven stations in the nation's Top 25 markets, including Atlanta, Phoenix, St. Louis, and Portland, and 13 stations in the Top 50.

SOURCE Shutterstock, Inc.

Val-d'Or, Québec–(Newsfile Corp. – June 21, 2021) – Golden Valley Mines Ltd. (TSXV: GZZ) ("Golden Valley" or the "Company") provides a reminder that the Company's annual and special general meeting (the "Meeting") is scheduled for June 25, 2021 at 1:30 p.m. (Eastern time). Given the continuing public health impact of the COVID-19 pandemic, considerations regarding the health and safety of our employees, shareholders and other stakeholders, as well as public health guidelines to limit gatherings of people, shareholders are strongly encouraged to vote in advance by one of the methods described in the 2021 management information circular ("2021 MIC"). We also encourage shareholders to attend the Meeting via teleconference by following the registration instructions, as outlined in the 2021 MIC. We request that shareholders return their completed proxies or voting instructions by the proxy cut-off date, Tuesday, June 22, 2021 at 1:30 p.m. (Eastern time).

About Golden Valley Mines Ltd.: Golden Valley Mines is focused on project generation and continues to evaluate opportunities to enhance its mining exploration property portfolio. The Company 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 Ltd.
Glenn J. Mullan
President and CEO
2864 chemin Sullivan
Val-d'Or, Québec
J9P 0B9
Telephone: 819.824.2808 ext. 204
Email : glenn.mullan@goldenvalleymines.com

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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88181

Wall Street suffered a bloody blow last week after the Fed acknowledged that the U.S. economy is suffering from inflationary pressure and a rate hike may come sooner than expected.

On Jun 16, Fed Chairman Jerome Powell, in his post FOMC statement, indicated that a rate hike may come in late 2023 in contrast to the previous expectation of 2024. Moreover, the tapering of the Fed's $120 billion per month bond-buying program is likely to initiate either in late 2021 or early 2022, though no time-line has been given by the central bank.

Nevertheless, we find a handful of large-cap (market capital > $10 billion) stocks with a favorable Zacks Rank that are currently trading at a stiff discount from their 52-week highs attained this year. At this stage, investment in these stocks may be fruitful as they have strong potential for the rest of 2021 despite Fed's rate hike signal.

Recent Meltdown

Markets reacted immediately to Powell's statement. The yield curve of U.S. government bonds flattened on Jun 18. The yield on short-term 2-Year U.S. Treasury Note rose 0.256% on Jun 18 from 0.149% on Jun 11. On the other hand, the yield on the benchmark 10-Year U.S. Treasury Note that started last week at around 1.45%, jumped to 1.59% on Jun 16 after Powell's statement and reverted to around 1.44% on Jun 18 afternoon.

The narrowing of the spread between the short-term ( 2 or 5 years) and long-term (10 or 30 years) Treasury Notes is often considered as a signal of an impending inflation. Several economists believe that short-term yields moved up in anticipation of a rate hike while long-term yields declined since higher inflation will be detrimental to economic growth.

Moreover, taking a cue from Fed's rate hike signal, mortgage rates climbed. Per the Mortgage News Daily, the average rate on the 30-year fixed mortgage touched 3.25% on Jun 17, its highest since mid-April.

Finally, the ICE U.S. Dollar Index that measures the U.S. Dollar against a basket of six major currencies, surged nearly 2% from Jun 15 to Jun 18. A higher interest rate in the United States will compel investors to hold U.S. dollar-denominated assets.

Consequently, U.S. stocks melted last week. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — tumbled 3.5%, 1.9% and 0.3%, respectively.

The Dow suffered its worst weekly decline since October 2020 while the S&P 500 posted the sharpest weekly decline since February 2021. The tech-heavy Nasdaq Composite dropped marginally as the technology sector itself gained 0.1% last week, much to the surprise of market participants.

U.S. Economic Fundamentals Remain Solid

Supported by the nationwide COVID-19 vaccination drive, a sharp reduction in new coronavirus cases and faster-than-expected reopening, the U.S. economy is witnessing a robust recovery from the pandemic-led disturbances.

U.S. manufacturing is firing on all cylinders, and of late, the services sector is also thriving. Consumer spending, the largest driver of the GDP remains strong buoyed by around $2.3 trillion of forced savings. The labor market is settling down gradually. In fact, Fed officials' informal discussions about a possible deviation from the existing easy-money policy are solely due to an impressive recovery of the U.S. economy, beyond the central bank's own expectations.

The University of Michigan reported that the preliminary data for its consumer sentiment index came in at 86.4% in June compared with 82.9% in May. The sub-index for current economic conditions rose to 90.6% in June from 89.4% in May. Importantly, the sub-index for economic conditions for the next six months increased to 83.8% in June from 78.8% in May.

The Federal Reserve raised the U.S. GDP growth rate for 2021 to 7% in June from 6.5% in March. Several globally recognized economic and financial agencies like the World Bank, the IMF, OECD and oxford Economics also projected U.S. economic growth within the range of 6.5% to 7% for 2021, the highest in 38 years.

Our Top Picks

We have narrowed down our search to five large-cap stocks that have attained a 52-week high this year but are currently trading at a sharp discount. These stocks have strong growth potential for the rest of 2021 and have witnessed solid earnings estimate revisions within the last 60 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks in the past three months.

Image Source: Zacks Investment Research

Darling Ingredients Inc. DAR develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. It operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients.

The company has an expected earnings growth rate of 45.4% for the current year. The Zacks Consensus Estimate for the current year has improved 5.2% over the last 30 days. This Zacks Rank #1 stock is currently trading at a 17.7% discount from its 52-week high attained on Mar 15.

Southern Copper Corp. SCCO engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile.

The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 2.3% over the last 30 days. This Zacks Rank #1 stock is currently trading at a 28.6% discount from its 52-week high attained on May 10.

The Boston Beer Co. Inc. SAM produces and sells alcohol beverages primarily in the United States. Apart from its flagship Samuel Adams Boston Lager beer, it offers various beers, hard ciders and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider and Truly Hard Seltzer brands.

The company has an expected earnings growth rate of 45.4% for the current year. The Zacks Consensus Estimate for the current year has improved 5.2% over the last 30 days. This Zacks Rank #2 stock is currently trading at a 28.1% discount from its 52-week high attained on Apr 23.

Chewy Inc. CHWY operates as an online pet retailer. It offers pet products which include dry and wet food, toys, mats, biscuits, vitamins and supplements.

The company has an expected earnings growth rate of 11.1% for the current year (ending January 2022). The Zacks Consensus Estimate for the current year has improved more than 100% over the last 30 days. This Zacks Rank #2 stock is currently trading at a 34.6% discount from its 52-week high attained on Feb 16.

Mohawk Industries Inc. MHK designs, manufactures, sources, distributes, and markets flooring products for remodeling and construction of residential and commercial spaces in the United States, Europe, Russia and internationally. It operates through three segments: Global Ceramic, Flooring North America and Flooring Rest of the World.

The company has an expected earnings growth rate of 55.5% for the current year. The Zacks Consensus Estimate for the current year has improved 13.7% over the last 60 days. This Zacks Rank #2 stock is currently trading at a 21.1% discount from its 52-week high attained on May 10.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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Darling Ingredients Inc. (DAR) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

Mohawk Industries, Inc. (MHK) : Free Stock Analysis Report

The Boston Beer Company, Inc. (SAM) : Free Stock Analysis Report

Chewy Inc. (CHWY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Copper futures for July delivery fell 0.5% on Jun 18, touching $4.16 per pound — levels last seen in April. The metal has been under pressure of late and ended up losing 8% of its value in the past week following China’s announcement to sell reserves to rein in the commodity price rally. Further, copper prices were impacted by a firm dollar buoyed by the prospect of U.S. interest rate hikes. This is the worst decline seen so far since March 2020 when the COVID-19 pandemic affected demand due to the disruption of industrial activity.

Notwithstanding the current dip, copper prices are up around 18% year to date. Copper prices have been on an uptrend owing to accelerating demand on account of pick up in manufacturing activity, particularly in China. Meanwhile, inventories were low due to the pandemic induced slowdown in production. Notably, copper reached an all-time high of $4.90 per pound in May.

Last week, China announced plans to sell its reserves of copper, aluminium, and zinc in batches in the near future to boost supply, in a bid to bring commodity prices back to normal. China is the world’s top metals consumer and a major release of reserves could significantly change global supply and demand balances. Also, last week, the Fed indicated it may have to hike rates earlier than anticipated, which led to investors scurrying to the greenback. This, in turn, dealt a blow to metal prices.

However, growing demand for the metal, which has varied industrial uses amid supply constraints suggest that run-up isn’t over yet. Sustained growth in copper demand is expected to continue as the metal is essential to economic activity. Infrastructure development in major countries such as China and India, and the increasing global trend toward cleaner energy and electric cars will continue to support copper demand in the long term. Per the International Energy Agency, clean energy technologies will account for around 45% of copper demand in 2040, higher than 24% in 2020.

Meanwhile, grade decline, rising input costs, water constraints and scarcity of high-quality future development opportunities continue to weigh on the industry’s supply. Notably, miners are now committed to cost-reduction strategies and digital innovation to drive operating efficiencies, which will aid margins in the long haul.

Copper miners fall under the Zacks Mining – Non Ferrous industry, which has gained 116.9% in a year compared with the S&P 500’s rally of 35.7%. The industry falls under the broader Basic Materials sector, which surged 42.4%. The industry currently carries a Zacks Industry Rank #89, which places it at the top 35% of 256 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Image Source: Zacks Investment Research

4 Copper Stocks to Watch

We suggest investors to keep an eye on these four copper-mining stocks that have been handpicked by us. Each of these stocks have a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), and a VGM Score of A or B. We believe this combination offer the best investment opportunities. These stocks have also outperformed the S&P in the past year. This is shown in the chart below. These stocks are anticipated to carry the momentum forward backed by their earnings growth projections.

Image Source: Zacks Investment Research

Southern Copper Corporation SCCO: This company based in Phoenix, AZ engages in mining, exploring, smelting, and refining copper and other minerals.

The company has the largest copper reserves in the industry and operates high-quality, world-class assets in investment grade countries, such as Mexico and Peru. Its constant focus on increasing low-cost production is commendable. It has growth projects on track that will help achieve its target of producing 1.9 million tons of copper production by 2028.

The Zacks Consensus Estimate for the company’s earnings in 2021 suggests year-over-year growth of 117%. The estimate has moved north by 47% in 90 days’ time. It has a long-term estimated earnings growth rate of 18.7%. The company’s shares have surged 58.9% in the past year. It currently has a Zacks Rank #1 and a VGM Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.

BHP Group BHP: Headquartered in Melbourne, Australia, BHP Group engages in exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

In 2020, BHP produced around 1.7 million tons of copper in 2020. The company is expanding its mine at Spence in Chile, extending its life for another 50 years. It has also boosted exploration spending for more copper from all over the world. The company has four major projects under development in petroleum, copper, iron ore and potash with a combined budget of $8.5 billion over the life of the projects, which will drive growth in the long run. Efforts to make operations more efficient through smart technology adoption across the entire value chain will continue to aid in reducing costs, thereby bolstering the company’s margins. Its focus on lowering debt will also contribute to growth.

The company has a long-term estimated earnings growth rate of 4%. The Zacks Consensus Estimate for the company’s fiscal 2021 earnings suggests year-over-year growth of 84%. The estimate has been revised upward by 4% over the past 90 days. The stock has a Zacks Rank #3 and a VGM Score of B. Its shares have appreciated 39.6% in the past year.

Rio Tinto plc RIO: Headquartered in London, the U.K., Rio Tinto engages in mining of aluminum, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium.

The company’s world-class portfolio of high-quality assets and strong balance sheet positions it well to navigate through these turbulent times. Rio Tinto’s disciplined capital allocation supports its ability to sustain production and increase investment in development projects (in high-return iron ore and copper), while delivering superior returns to shareholders. Notably, its copper projects at Resolution (Arizona) and Winu (Western Australia) offer significant growth prospects.

The Zacks Consensus Estimate for fiscal 2021 earnings indicates year-over-year growth of 41%. The estimate has been revised upward by 11% over the past 90 days. In a year’s time, the company’s shares have gained 44.4%. The company has a Zacks Rank #3 and a VGM Score of A.

Freeport-McMoRan Inc. FCX: This Phoenix, AZ-based company is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; and smelting and refining of copper concentrates.

Freeport is conducting exploration activities near existing mines with focus on opportunities to expand reserves. The company will benefit from ongoing large-scale concentrator expansion project at Cerro Verde that will provide incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum. It recently completed the Lone Star copper leach project and is on track to produce around 200 million pounds of copper annually. Efforts to cut costs and debt levels appear encouraging.

The Zacks Consensus Estimate for earnings for fiscal 2021 suggests year-over-year improvement of 480%. The estimate has been revised upward by 22% over the past 90 days. Shares of the company have soared 224% over the past year. It has a Zacks Rank #3 and a VGM Score of A. It has a long-term estimated earnings growth rate of 28.7%.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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

BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report

FreeportMcMoRan Inc. (FCX) : Free Stock Analysis Report

Rio Tinto PLC (RIO) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

In this article, we discuss the 10 best copper stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Copper Stocks to Buy Now.

Copper is on track to become the new gold as the gap between supply and demand widens. According to a prediction by Bank of America, the price of copper could climb to $20,000 per metric ton within the next three years. However, the copper industry has been hit in recent weeks as the US prepares to lift interest rates, sending the price of the dollar surging and reducing the demand for the metal. In a double blow to the industry, China has announced that it will release the metal from national reserves in a bid to control commodity prices.

These developments have hit the copper industry that was on a bull run following the rise in demand for the metal as the economy reopened following the pandemic lockdowns. Copper is used in many electrical products like wires, motors, mobile devices, and others. It is also used in consumer ware and interior components of housing. Lately, as the demand for electric vehicles rises, copper is rapidly being consumed as it offers durability, high conductivity and efficiency, and is used in EV vehicles, charging stations, and other EV-related products.

Some of the companies that are at the forefront of copper production and could cash in on the expected boom for the metal in the long-term include Freeport-McMoRan Inc. (NYSE: FCX), Rio Tinto Group (NYSE: RIO), and Newmont Corporation (NYSE: NEM). In February, Freeport-McMoRan Inc. (NYSE: FCX) CEO Richard Adkerson announced that the firm was seeking to approve expansions at US-based copper mines to keep up with the surging demand, especially as copper was a central product for the new climate projects of the US government.

Meanwhile, Rio Tinto Group (NYSE: RIO), the United Kingdom-based mining firm, posted its biggest annual profit since 2011 in February as rising metals prices boosted revenue. It also declared the biggest dividend in its almost 15-decade-long history, totaling over $9 billion in payments to shareholders for 2020. Although this rise in earnings is largely attributed to the soaring price of iron, which accounts for more than 90% of the total earnings, the surge in copper prices also gave a firm push as it delivered a record quarter at the end of 2020.

Newmont Corporation (NYSE: NEM), the largest gold mining firm in the world, has also benefited from the copper business over the past few months. In April, the firm was named among the highest convictions picks for the second quarter by Bank of America. The company beat market expectations on earnings per share for the fourth quarter of 2020 even as gold production fell because of rising prices. In February, the firm hiked the quarterly dividend payment by a whopping 38%.

It remains to be seen how these companies weather the bear tailwinds in the coming months. Stock volatility in the past few years has pummeled entire investment portfolios in the past few years. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, 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 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. 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.

Photo by Ricardo Gomez Angel on Unsplash

With this context in mind, here is our list of the 10 best copper stocks to buy now. These were selected keeping in mind annual copper production, hedge fund sentiment, and the business fundamentals underlying each company.

Best Copper Stocks to Buy Now

10. Barrick Gold Corporation (NYSE: GOLD)

Number of Hedge Fund Holders: 49

Barrick Gold Corporation (NYSE: GOLD) is a mining firm that focuses on the extraction and development of gold and copper. It has operations in more than 10 countries around the world. It is placed tenth on our list of 10 best copper stocks to buy now. The stock has offered investors returns exceeding 2.8% over the past three months. In the first quarter of 2021, a surge in prices helped the firm with a 31% quarter-to-quarter increase in revenue from copper mines in Chile, Saudi Arabia and Zambia.

On June 4, Barrick Gold Corporation (NYSE: GOLD) Mark Bristow told the media that the company hoped to restart a mining operation in Papua New Guinea (PNG) under a new deal that would exploit the resources in the operation under a joint venture with PNG stakeholders.

At the end of the first quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Barrick Gold Corporation (NYSE: GOLD), down from 53 the preceding quarter worth $1.7 billion.

Just like Freeport-McMoRan Inc. (NYSE: FCX), Rio Tinto Group (NYSE: RIO), and Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD) is one of the best copper stocks to buy now.

In its Q4 2020 investor letter, GoodHaven Capital Management, an asset management firm, highlighted a few stocks and Barrick Gold Corporation (NYSE: GOLD) was one of them. Here is what the fund said:

9. Teck Resources Limited (NYSE: TECK)

Number of Hedge Fund Holders: 30

Teck Resources Limited (NYSE:TECK) is a natural resources firm that engages in the mining of copper, zinc, and other metals. It is ranked ninth on our list of 10 best copper stocks to buy now. The stock has returned more than 102% to investors in the past twelve months. The firm has mining interests in many countries, including Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States, among others. The firm is one of the biggest copper producers in the world with copper mines in Canada and South America.

On May 26, investment advisory Deutsche Bank upgraded Teck Resources Limited (NYSE:TECK) stock to Buy from Hold with a price target of $30 on the back of growth potential with regards to the QB2 copper project and the returns it promised in the medium term.

Out of the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in Teck Resources Limited (NYSE:TECK) with 9.3 million shares worth more than $179 million.

Just like Freeport-McMoRan Inc. (NYSE: FCX), Rio Tinto Group (NYSE: RIO), and Newmont Corporation (NYSE: NEM), Teck Resources Limited (NYSE:TECK) is one of the best copper stocks to buy now.

8. Vale S.A. (NYSE: VALE)

Number of Hedge Fund Holders: 31

Vale S.A. (NYSE: VALE) is a metals mining company that concentrates on the production of iron ore, nickel, and other metals. The firm is one of the largest ones in Brazil and markets logistical services related to these metals in addition to mining and development. It is placed eighth on our list of 10 best copper stocks to buy now. The company’s shares have returned more than 109% to investors over the past twelve months. Last year, the firm produced almost 360,000 metric tons of copper.

On June 4, Vale S.A. (NYSE: VALE) halted production at two mines in the Minas Gerais region of Brazil after local officials evacuated people from nearby the site of Xingu dam. Brazilian officials have said that the dam is close to collapsing but Vale disputes this.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Vale S.A. (NYSE: VALE) with 38 million shares worth more than $661 million.

Just like Freeport-McMoRan Inc. (NYSE: FCX), Rio Tinto Group (NYSE: RIO), and Newmont Corporation (NYSE: NEM), Vale S.A. (NYSE: VALE) is one of the best copper stocks to buy now.

7. BHP Group (NYSE: BHP)

Number of Hedge Fund Holders: 18

BHP Group (NYSE: BHP) is an Australian natural resources firm with interests in petroleum, copper, iron, and coal. The firm owns a copper mine in Chile, as well as other copper-related assets elsewhere. It produced more than 1.3 million tons of copper in 2020. The firm owns a copper mine in South Australia. It is ranked seventh on our list of 10 best copper stocks to buy now. The stock has returned more than 43% to investors over the past year.

On June 11, BHP Group (NYSE: BHP) shares jumped close to 1% as the firm announced that workers at a copper mine in Chile had accepted work contracts, putting an end to rumors about a strike that could have hit the mine and global copper production.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in BHP Group (NYSE: BHP) with 7.9 million shares worth more than $553 million.

Just like Freeport-McMoRan Inc. (NYSE: FCX), Rio Tinto Group (NYSE: RIO), and Newmont Corporation (NYSE: NEM), BHP Group (NYSE: BHP) is one of the best copper stocks to buy now.

6. Turquoise Hill Resources Ltd. (NYSE: TRQ)

Number of Hedge Fund Holders: 13

Turquoise Hill Resources Ltd. (NYSE: TRQ) is a mineral exploration and development company. It is placed sixth on our list of 10 best copper stocks to buy now. The stock has returned more than 142% to investors in the past twelve months. The company concentrates on operations related to copper, gold, and silver. In 2020, the firm produced 149,631 tons of copper, beating guidance of 140,000 tons.

On May 12, Turquoise Hill Resources Ltd. (NYSE: TRQ) posted earnings results for the first quarter of 2021, reporting earnings per share of $1.18, beating market expectations by $0.63. The revenue over the period was more than $520 million, up 302% year-on-year.

At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $575 million in Turquoise Hill Resources Ltd. (NYSE: TRQ), up from 12 in the previous quarter worth $374 million.

Just like Freeport-McMoRan Inc. (NYSE: FCX), Rio Tinto Group (NYSE: RIO), and Newmont Corporation (NYSE: NEM), Turquoise Hill Resources Ltd. (NYSE: TRQ) is one of the best copper stocks to buy now.

Click to continue reading and see 5 Best Copper Stocks to Buy Now.

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Disclose. None. 10 Best Copper Stocks to Buy Now is originally published on Insider Monkey.

Val-d'Or, Québec–(Newsfile Corp. – June 21, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) ("Abitibi Royalties" or the "Company") provides a reminder that the Company's annual general meeting (the "Meeting") is scheduled for June 25, 2021 at 3:00 p.m. (Eastern time). Given the continuing public health impact of the COVID-19 pandemic, considerations regarding the health and safety of our employees, shareholders and other stakeholders, as well as public health guidelines to limit gatherings of people, shareholders are strongly encouraged to vote in advance by one of the methods described in the 2021 management information circular ("2021 MIC"). We also encourage shareholders to attend the Meeting via teleconference by following the registration instructions, as outlined in the 2021 MIC. We request that shareholders return their completed proxies or voting instructions by the proxy cut-off date, Tuesday, June 22, 2021 at 3:00 p.m. (Eastern time).

About Abitibi Royalties

Abitibi Royalties owns various royalties at the Canadian Malartic Mine near Val-d'Or Québec. In addition, the Company is building a portfolio of royalties on early stage properties near producing mines. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and limited number of shares.

For additional information, please contact:

Shanda Kilborn – Director, Corporate Development
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 1-888-392-3857
Email: info@abitibiroyalties.com

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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88180

Val-d'Or, Québec–(Newsfile Corp. – June 21, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) ("Abitibi Royalties" or the "Company") provides a reminder that the Company's annual general meeting (the "Meeting") is scheduled for June 25, 2021 at 3:00 p.m. (Eastern time). Given the continuing public health impact of the COVID-19 pandemic, considerations regarding the health and safety of our employees, shareholders and other stakeholders, as well as public health guidelines to limit gatherings of people, shareholders are strongly encouraged to vote in advance by one of the methods described in the 2021 management information circular ("2021 MIC"). We also encourage shareholders to attend the Meeting via teleconference by following the registration instructions, as outlined in the 2021 MIC. We request that shareholders return their completed proxies or voting instructions by the proxy cut-off date, Tuesday, June 22, 2021 at 3:00 p.m. (Eastern time).

About Abitibi Royalties

Abitibi Royalties owns various royalties at the Canadian Malartic Mine near Val-d'Or Québec. In addition, the Company is building a portfolio of royalties on early stage properties near producing mines. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and limited number of shares.

For additional information, please contact:

Shanda Kilborn – Director, Corporate Development
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 1-888-392-3857
Email: info@abitibiroyalties.com

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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88180

VANCOUVER, British Columbia, June 21, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Brianne Metzger-Doran as Vice President, Health and Safety, effective June 14, 2021.

“Brianne’s extensive experience in health and safety, continuous improvement, and risk management and compliance make her ideally suited to lead Teck’s health and safety program,” said Don Lindsay, President and CEO. “Her background and expertise will help advance our health and safety journey and achieve our vision of everyone going home safe and healthy every day.”

Ms. Metzger-Doran holds a Bachelor of Science in Engineering in Environmental Engineering from Tulane University, as well as a Master of Science in Management and a Master of Science in Civil and Environmental Engineering, both from the Massachusetts Institute of Technology.

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. Green metals 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.

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

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

VANCOUVER, British Columbia, June 21, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Brianne Metzger-Doran as Vice President, Health and Safety, effective June 14, 2021.

“Brianne’s extensive experience in health and safety, continuous improvement, and risk management and compliance make her ideally suited to lead Teck’s health and safety program,” said Don Lindsay, President and CEO. “Her background and expertise will help advance our health and safety journey and achieve our vision of everyone going home safe and healthy every day.”

Ms. Metzger-Doran holds a Bachelor of Science in Engineering in Environmental Engineering from Tulane University, as well as a Master of Science in Management and a Master of Science in Civil and Environmental Engineering, both from the Massachusetts Institute of Technology.

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. Green metals 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.

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

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

Assays include 84m at 0.8g/t gold and 0.11% copper; 216m at 0.61g/t gold and 0.11% copper; Follow-up hole hits visible mineralized veined porphyry

OTTAWA, June 21, 2021 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP; OTC:CTNXF; FWB:GWN1) is pleased to provide an update on its Bramaderos gold and copper joint venture in southern Ecuador (see Figures 1 and 2) in which it has a 12.5% interest carried by JV partner and project operator Sunstone Metals Inc. (ASX: STM) through to the start of commercial production (see “About Bramaderos”, below).

Figures related to this news release can be seen in PDF format by accessing the version of this release on the Company’s website (www.cornerstoneresources.com) or by clicking on the link below:

https://cornerstoneresources.com/site/assets/files/5821/21-14figures.pdf.

HIGHLIGHTS:

• Final assays from holes BMDD008 and BMDD008W1 (wedge hole off BMDD008 from 347.1m) at the Brama prospect within Bramaderos

• Both holes have intersected gold-copper mineralized porphyry from surface to a depth of ~500m and remains open at depth

• Assays from the upper part of BMDD008 to 347m and then BMDD008W1 returned:

  • 505.1m¹ at 0.43g/t gold, 0.1% copper, (0.57g/t AuEq² or 0.42% CuEq³2) and 25.8ppm molybdenum in BMDD008+BMDD008W1 from surface, including:

    • 113.4m at 0.37g/t gold, 0.15% copper, (0.58g/t AuEq or 0.43% CuEq) and 23.9ppm molybdenum, from 347.1m

  • The previously reported parent hole (BMDD008) returned 450m at 0.47g/t gold, 0.10% copper, and 27ppm molybdenum from surface, including:

    • 216.9m at 0.61g/t gold, 0.11% copper, (0.77g/t AuEq or 0.56% CuEq) and 32ppm molybdenum, from 135.1m, including: 84.3m at 0.80g/t gold, 0.11% copper, (0.96g/t AuEq or 0.7% CuEq) and 42ppm molybdenum, from 179.7m

• Drill hole BMDD009 has been completed and BMDD010 has commenced

• Visual inspection of drill core from BMDD009 indicates it intersected a strongly and continuously veined porphyry system hosted by diorite in its upper 515m, assays expected by mid July

FURTHER INFORMATION:

The results, which come from hole BMDD008W1 that was drilled as a wedge off hole BMDD008 commencing at 347.1m downhole, further highlight the potential for Brama to host a substantial gold-copper porphyry system (Figure 3).

Cornerstone VP Exploration, Yvan Crepeau, said:

“These latest assays and visuals provide more strong evidence that Brama has the potential to be a large mineralized porphyry.

“We are now confident we have a 500m vertical extent of good gold and copper grade. The porphyry plus intrusive breccia zones, at this stage, cover a surface footprint of 350m x 150m, which we expect can be expanded with more drilling.”

Holes BMDD008W1 and parent hole BMDD008 are located on the north-west side of the main Brama system (Figure 4). BMDD008 had intersected a strongly mineralized high-level intrusive breccia body located above the north-west edge of the main Brama system (see Cornerstone news release 21-09 dated April 22, 2021:https://cornerstoneresources.com/news-releases/cornerstone-and-sunstone-drill-84.3m-of-0.8g-t-gold-from-180m-depth/). The BMDD008W1 wedge hole has extended that intersection by 50m to intersect a 505m-long intersection from surface. This intersection very likely extends deeper, but still remains to be further tested in the area south and east of BMDD008W1 in similarly magnetic domains (Figures 3 – 6).

Table 1: Summary of intervals in drill hole BMDD008, and BMDD008W1.

Both drill holes BMDD008 and BMDD008W1 extended towards a deeper magnetic anomaly but failed to intersect that target.

Drill hole BMDD009 was drilled in the east and central parts of the main Brama porphyry system (Figure 4). It was drilled from the east and towards a modelled deep magnetic anomaly that lies central to the 0.1% Cu contour depicted in Figures 4 and 5. Visual inspection of drill core from BMDD009 reveals it intersected a strongly and continuously veined porphyry system hosted by diorite in its upper 515m, with visual chalcopyrite associated with intense stockwork veining. The drill hole continued to test the deeper magnetic domain and encountered peripheral stockwork magnetite veinlets that likely explain the magnetic anomaly in the wall rocks south of the main mineralized intrusive body.

The long and well-mineralized sections of holes BMDD001, BMDD002 and BMDD009 indicate that the main porphyry target on the eastern sector of Brama is defined by strongly veined diorite with moderate magnetic character.

The relationship between the main Brama porphyry stockwork style mineralization and the intrusive breccia is still to be established, and hole BMDD010 will go some way to exploring that relationship (Figure 4).

Drill hole BMDD010 has just commenced and is testing several targets that include:

• A magnetic anomaly around the eastern rim of the system, with a magnetic character similar to the mineralized intrusive breccia to the west

• The potential southwest extension of the high-grade pod intersected in holes BMDD001, BMDD02 and CURI-03, in the strongly veined diorite

• The potential continuity of high-grade mineralization between BMDD001 and BMDD005/BMDD008/CURI13, i.e. the relationship between the stockwork mineralization and the intrusive breccia mineralization.

The aim of the ongoing drilling is to further demonstrate continuity of the higher-grade zones within the extensive outer envelope of lower-grade gold-copper mineralization at Brama.

About Bramaderos

Measuring 4,948 hectares, the Bramaderos project is located approximately 130km from the Loja provincial capital in southern Ecuador. The project is easily accessible via the Pan American Highway that crosses the property.

The Bramaderos concession is owned by La Plata Minerales S.A. (“PLAMIN”), which in turn is owned 87.5% by Sunstone (the project operator) and 12.5% by Cornerstone. Cornerstone’s 12.5% interest is carried by Sunstone through to the start of commercial production and repayable at Libor plus 2% out of 90% of Cornerstone’s share of earnings or dividends from the Bramaderos project (see news release 20-01 dated January 7, 2020).

More information about the property can be found at www.cornerstoneresources.com.

Qualified Person:

Yvan Crepeau, MBA, P.Geo., Cornerstone’s Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Bramaderos project for Cornerstone and has reviewed and approved the information contained in this news release.

Sampling and assaying

Surface and drill core samples from Brama were sent to the LAC y Asociados Cia. Ltda. Sample Preparation Facility in Cuenca, Ecuador for sample preparation. The standard sample preparation for drill core samples (Code PRP-910) is: Drying the sample, crushing to size fraction 70% <2mm and splitting the sample to a 250g portion by riffle or Boyd rotary splitter. The 250g sample is then pulverised to >85% passing 75 microns and then split into two 50g pulp samples. Then one of the pulp samples was sent to the MS Analytical Laboratory in Vancouver (Unit 1, 20120 102nd Avenue, Langley, BC V1M 4B4, Canada) for gold and base metal analysis.

PLAMIN uses a fire assay gold technique for Au assays (FAS-111) and a four acid multi element technique (IMS-230) for a suite of 48 elements. FAS-111 involves Au by Fire Assay on a 30-gram aliquot, fusion and atomic absorption spectroscopy (AAS) at trace levels. IMS-20 is considered a near total 4 acid technique using a 20g aliquot followed by multi-element analysis by ICP-AES/MS at ultra-trace levels. This analysis technique is considered suitable for this style of mineralization.

Standards, blanks and duplicates are inserted ~1/28 samples. The values of the standards range from low to high grade and are considered appropriate to monitor performance of values near cut-off and near the mean grade of the deposit. The check sampling results are monitored and performance issues are communicated to the laboratory if necessary.

Sample security was managed through sealed individual samples and sealed bags of multiple samples for secure delivery to the laboratory by permanent staff of the joint venture. MS Analytical is an internationally accredited laboratory that has all its internal procedures heavily scrutinized in order to maintain their accreditation. MS Analytical is accredited to ISO/IEC 17025 2005 Accredited Methods.

PLAMIN’s sampling techniques and data have been audited multiple times by independent mining consultants during various project assessments. These audits have concluded that the sampling techniques and data management are to industry standards. All historical data has been validated to the best degree possible and migrated into a database.

Rock samples are collected by PLAMIN’s personnel, placed in plastic bags, labeled and sealed, and stored in a secure place until delivery by PLAMIN employees to the LAC y Asociados ISO 9001-2008 certified sample preparation facility in Cuenca, Ecuador.

Rock samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (MSA code PRP-910). Prepared samples are then shipped to MS Analytical Services (MSA), an ISO 9001-2008 laboratory in Langley, BC, Canada, where samples are assayed for a multi-element suite (MSA code IMS-136, 15.0 g split, Aqua Regia digestion, ICP-AES/MS finish) and gold by Fire Assay (MSA code FAS-111, 30 g fusion, AAS finish). Over limit results for Cu (>1%) are systematically re-assayed (MSA code ICF-6Cu, 0.2 g, 4-acid digestion, ICP-AES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AAS finish (MSA code FAS 111). Over limit results for Au (>10 g/t) are systematically re-assayed (MSA code FAS-415, FA, 30g., gravimetric finish).

Soil samples are dried at low temperature, screened to 80 mesh (MSA code PRP-757); a 15 grams portion is then assayed for a multi-elements suite (MSA code IMS-136, Aqua Regia digestion, ICP-AES/MS finish).

Quality assurance / Quality control (QA/QC)

The MSA Analytical Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 20-25 samples) as part of PLAMIN’s QA/QC program. Rejects, a 100 g pulp for each rock sample, are stored for future use and controls.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 21% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 6.9% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.

Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’ Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

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.

¹ The true width of downhole intersections cannot be determined at this time due to insufficient drilling.

² AuEq is calculated on a gold+copper basis only using metals prices as at 16^th June 2021, being US$1,823/oz gold, US$4.32/lb copper using the formula: (gold grade in g/t) + 1.36 * (Cu grade in %). CuEq is calculated on a copper+gold basis only using metal prices as at 16^th June 2021, being US$1,823/oz gold, US$4.32/lb copper using the formula: (Cu grade in %) + 0.73 * (gold grade in g/t). No metallurgical recoveries have been applied to exploration results.

MELBOURNE, Australia, Jun 21, 2021–(BUSINESS WIRE)–Rio Tinto will deploy the world’s first fully autonomous water trucks at its $2.6 billion Gudai-Darri iron ore mine in Western Australia’s Pilbara region. The new vehicles, primarily used for dust suppression on site, will enhance productivity by enabling mine operations to digitally track water consumption and reduce waste.

Developed through a successful collaboration with leading equipment manufacturer, Caterpillar, three water trucks will join Gudai-Darri’s fleet of Caterpillar heavy mobile equipment including autonomous haul trucks and production drills. The vehicle’s intelligent on-board system detects dry and dusty conditions on site, triggering the application of water to roads to keep them in good condition.

The refilling process is also completely automated with the water trucks recognising when it is time to refill, prompting them to self-drive to the water stand, park and top-up before returning to the field. They boast a 160,000-litre tank capacity, a 33 per cent increase on Rio Tinto’s largest water truck which has a tank capacity of 120,000-litres.

Once deployed, the water trucks will be integrated into Rio Tinto’s existing Autonomous Haulage System which has been shown to significantly improve safety by reducing the risks associated with operators working around heavy machinery.

Rio Tinto Iron Ore chief executive Simon Trott said "We have worked closely with Caterpillar to safely and successfully deploy the world’s first fully autonomous water truck. Water spraying is a vital part of mining operations and this new technology will improve productivity and reduce water usage across our operations.

"The continued expansion of our autonomous fleet helps improve safety and continues Rio Tinto’s efforts to adopt world-leading technology to enhance our operations and realise our vision of making Gudai-Darri one of the world’s most technologically advanced mines."

Caterpillar Resource Industries Group President Denise Johnson added "We are pleased to work with Rio Tinto to introduce the next innovation in mining automation. Rio continues to pioneer technology advancements and the water truck, working in conjunction with the autonomous hauling trucks and drills, will further accelerate Rio Tinto’s site performance. This is another important step in our continual journey in autonomous solutions for our customers."

Notes for editors

Gudai-Darri is 100 per cent owned by Rio Tinto, is located approximately 35 kilometres north-west of Rio Tinto’s Yandicoogina mine site, and about 110 kilometres from the town of Newman in the Pilbara region of Western Australia.

Construction continues to progress with production ramp-up on track for early 2022. Once complete, the mine will have an annual capacity of 43 million tonnes, underpinning production of the Pilbara Blend, Rio Tinto’s flagship iron ore product.

Rio Tinto’s relationship with Caterpillar extends over 50 years. Caterpillar was founded in 1925 and is an industry leading manufacturer of construction and mining equipment, diesel and natural gas engines as well as gas turbines and diesel-electric locomotives.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210621005358/en/

Contacts

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Rio Tinto plc
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Category: general

TORONTO, June 20, 2021 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that a fatality occurred at its Lalor mine, located in Snow Lake, Manitoba. The incident occurred during underground mining operations on the evening of June 19, 2021, when a worker employed by a service provider was fatally injured from a fall while working at height. No other personnel were injured and the scene has been secured. All underground mining operations at the Lalor mine have been suspended while an investigation is completed.

“This is a tragic situation and we are profoundly saddened by this unfortunate incident. Our hearts go out to the individual’s family, friends and colleagues during this difficult time,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer. “The safety and health of our workforce remains our utmost priority. We will continue to provide support to all those who were affected, and we remain more committed than ever to our objective of zero harm.”

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

Rio Tinto and other mining giants dragged stocks in London lower on Monday, amid fears that commodity prices were near the top of a cycle and weakness in both iron ore and copper.

June 20 (Reuters) – Canada-based diversified mining company Hudbay Minerals Inc said a fatality occurred at its Lalor mine, located in the town of Snow Lake in Manitoba, Canada, and that all underground mining operations at the mine were suspended.

"The incident occurred during underground mining operations on the evening of June 19, 2021, when a worker employed by a service provider was fatally injured from a fall while working at height. No other personnel were injured and the scene has been secured," the company said in a statement on Sunday, adding an investigation was being conducted.

No further details were provided in the statement. (Reporting by Kanishka Singh in Bengaluru; Editing by Muralikumar Anantharaman)

TORONTO, June 21, 2021 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") today reported that 2021 production guidance for its Candelaria Copper Mining Complex ("Candelaria") in Chile is reduced to 150,000–155,000 t of copper and 85,000–90,000 oz of gold on a 100% basis.

Candelaria has operated in line with forecasts to-date during the second quarter of 2021, however, the Company will be adjusting the near-term mining sequence in Phase 10 of the Candelaria open pit for the second half of the year, which will impact the amount of direct ore mined and available for processing. The open pit contains known fault zones and the Company continuously monitors these areas in the normal course of operations. The Company is implementing measures needed to manage the production risks in a localized area of Phase 10 that, while nominal in volume, has the potential to impact activities on lower levels and the main ramp. To reduce these risks, the Company has determined that various precautionary steps are appropriate, including a wider step out in the area, mining smaller benches, with smaller blasts and delaying mining immediately below the fault zones to later phases. This additional caution while mining in the Phase 10 fault zone areas will remove ore from this phase of mining, impact productivity and result in less ore production from the area over the remainder of this year.

Average copper mill feed grades for the Candelaria Copper Mining Complex in the second half of 2021, incorporating a greater portion of feed to be sourced from low-grade stockpiled ores, is expected to average 0.64% copper, resulting in the expected feed grade for the year to average 0.59% copper. This compares to the 2018 Technical Report forecast grade of 0.65% copper in 2021. Mill throughput for the complex is expected to average approximately 76,800 tpd this year incorporating the expected mix in ore types and remaining planned maintenance stops on the Candelaria mill in July and September.

The Company is reviewing the impacts of the change in mine sequence on the life-of-mine plan and will update the outlook for future years, if needed, pending the outcome of that review. C1 cash cost guidance for Candelaria for 2021 should not be relied upon. The production outlook for the Company's other operations, as well as C1 cash-cost guidance, will be provided in July with the release of the second quarter operating results.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below on June 21, 2021 at 02:00 Eastern Time.

Other Information

The Technical Information in this release has been prepared in accordance with NI 43-101 and has been reviewed and approved by Stephen Gatley, BSc (Eng), CENG MIMMM, Vice President – Technical Services of the Company, a "Qualified Person" under NI 43-101. Mr. Gatley has verified the data disclosed in this release and no limitations were imposed on his verification process.

Cautionary Statement on Forward-Looking Information

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's plans, prospects and business strategies; the Company's guidance on the timing and amount of future production and its expectations regarding the results of operations; expected costs; permitting requirements and timelines; timing and possible outcome of pending litigation; the results of any Preliminary Economic Assessment, Feasibility Study, or Mineral Resource and Mineral Reserve estimations, life of mine estimates, and mine and mine closure plans; anticipated market prices of metals, currency exchange rates, and interest rates; the development and implementation of the Company's Responsible Mining Management System; the Company's ability to comply with contractual and permitting or other regulatory requirements; anticipated exploration and development activities at the Company's projects; and the Company's integration of acquisitions and any anticipated benefits thereof. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking statements.

Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labor; assumed and future price of copper, nickel, zinc, gold and other metals; anticipated costs; ability to achieve goals; the prompt and effective integration of acquisitions; that the political environment in which the Company operates will continue to support the development and operation of mining projects; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: risks inherent in mining including but not limited to risks to the environment, industrial accidents, catastrophic equipment failures, unusual or unexpected geological formations or unstable ground conditions, and natural phenomena such as earthquakes, flooding or unusually severe weather; uninsurable risks; global financial conditions and inflation; changes in the Company's share price, and volatility in the equity markets in general; volatility and fluctuations in metal and commodity prices; the threat associated with outbreaks of viruses and infectious diseases, including the COVID-19 virus; changing taxation regimes; reliance on a single asset; delays or the inability to obtain, retain or comply with permits; risks related to negative publicity with respect to the Company or the mining industry in general; health and safety risks; exploration, development or mining results not being consistent with the Company's expectations; unavailable or inaccessible infrastructure and risks related to ageing infrastructure; actual ore mined and/or metal recoveries varying from Mineral Resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and other characteristics; risks associated with the estimation of Mineral Resources and Mineral Reserves and the geology, grade and continuity of mineral deposits including but not limited to models relating thereto; ore processing efficiency; community and stakeholder opposition; information technology and cybersecurity risks; potential for the allegation of fraud and corruption involving the Company, its customers, suppliers or employees, or the allegation of improper or discriminatory employment practices, or human rights violations; regulatory investigations, enforcement, sanctions and/or related or other litigation; uncertain political and economic environments, including in Brazil and Chile; risks associated with the structural stability of waste rock dumps or tailings storage facilities; estimates of future production and operations; estimates of operating, cash and all-in sustaining cost estimates; civil disruption in Chile; the potential for and effects of labor disputes or other unanticipated difficulties with or shortages of labor or interruptions in production; risks related to the environmental regulation and environmental impact of the Company's operations and products and management thereof; exchange rate fluctuations; reliance on third parties and consultants in foreign jurisdictions; climate change; risks relating to attracting and retaining of highly skilled employees; compliance with environmental, health and safety laws; counterparty and credit risks and customer concentration; litigation; risks inherent in and/or associated with operating in foreign countries and emerging markets; risks related to mine closure activities and closed and historical sites; changes in laws, regulations or policies including but not limited to those related to mining regimes, permitting and approvals, environmental and tailings management, labor, trade relations, and transportation; internal controls; challenges or defects in title; the estimation of asset carrying values; historical environmental liabilities and ongoing reclamation obligations; the price and availability of key operating supplies or services; competition; indebtedness; compliance with foreign laws; existence of significant shareholders; liquidity risks and limited financial resources; funding requirements and availability of financing; enforcing legal rights in foreign jurisdictions; dilution; risks relating to dividends; risks associated with acquisitions and related integration efforts, including the ability to achieve anticipated benefits, unanticipated difficulties or expenditures relating to integration and diversion of management time on integration; activist shareholders and proxy solicitation matters; and other risks and uncertainties, including but not limited to those described in the "Risk and Uncertainties" section of the Annual Information Form and the "Managing Risks" section of the Company's MD&A for the year ended December 31, 2020, which are available on SEDAR at www.sedar.com under the Company's profile. All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

SOURCE Lundin Mining Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/21/c3345.html

VANCOUVER, BC, June 21, 2021 /CNW/ – FPX Nickel Corp. (TSXV: FPX) ("FPX" or the "Company") is pleased to announce the appointment of Andrew Osterloh, P. Eng., as Vice-President, Projects. Mr. Osterloh, formerly Project Director and Manager of Studies for Fluor Canada, will assume technical leadership for the continued exploration and development of FPX's Baptiste Nickel Project at its Decar Nickel District in central British Columbia, Canada.

"We are very fortunate to have added an experienced mining professional of Andrew's calibre to our team," commented Martin Turenne, FPX Nickel's President and CEO. "Andrew has a wide-ranging background in managing technical and economic studies for a number of high-profile, high-throughput projects for major mining companies including Glencore, Teck, Barrick and Freeport-McMoRan. He also has deep experience in both operating and study-oriented roles on mines in British Columbia, including Teck's Highland Valley Copper Mine and Imperial Metals' Huckleberry Mine. As we move our flagship Baptiste Nickel Project toward a preliminary feasibility study, Andrew will play a critical role in guiding all project activities to a high technical standard."

Mr. Osterloh has over 20 years' mining industry experience in process engineering, plant metallurgy and project management. In his project management roles for Fluor Canada, he led feasibility study work for several large base metal assets in the Americas, including Glencore's NorthMet copper-nickel project in Minnesota, Freeport-McMoRan's Lone Star copper project in Arizona, and the NuevaUnión copper-gold joint venture in Chile by Teck and Newmont. Mr. Osterloh's project development successes are founded on rigorous capital efficiency, risk mitigation, and execution certainty. Prior to joining Fluor, Mr. Osterloh acted as Plant Metallurgist and Mill General Foreman at Barrick Gold's Eskay Creek Mine in northwest British Columbia, and as Plant Metallurgist for Imperial Metals' Huckleberry Mine in central B.C. Mr. Osterloh is a Member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Applied Science in Mineral Process Engineering from the University of British Columbia.

FPX has granted 600,000 stock options to Mr. Osterloh. The stock options have an exercise price of $0.60 per share and will expire on June 21, 2026.

About the Decar Nickel District

The Company's Decar Nickel District claims cover 245 km² of the Mount Sidney Williams ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia. The District is a two-hour drive from Fort St. James on a high-speed logging road.

Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni₃Fe), which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, and the B, Sid and Van targets, as confirmed by drilling in the first three plus petrographic examination, electron probe analyses and outcrop sampling on all four. Since 2010, approximately US $24 million has been spent on the exploration and development of Decar.

Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most accessible and had the biggest known surface footprint, has been the focus of diamond drilling since 2010, with a total of 82 holes and over 31,000 metres of drilling completed. The Sid target was tested with two holes in 2010 and the B target had a single hole drilled in 2011; all three holes intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste Deposit. The Van target was not drill-tested at that time as rock exposure was very poor prior to more recent logging activity.

As reported in the current NI 43-101 resource estimate, having an effective date of September 9, 2020, the Baptiste Deposit contains 1.996 billion tonnes of indicated resources at an average grade of 0.122% DTR nickel, containing 2.4 million tonnes of nickel, plus 593 million tonnes of inferred resources with an average grade of 0.114% DTR nickel, containing 0.7 million tonnes of nickel, both reported at a cut-off grade of 0.06% DTR nickel. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681-8600 or ceo@fpxnickel.com.

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne, President, CEO and Director

Forward-Looking Statements
Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/21/c4093.html

NEW YORK, NY / ACCESSWIRE / June 21, 2021 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Constellation Pharmaceuticals, Inc. (NASDAQ:CNST) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to MorphoSys AG for $34.00 per share in cash. If you are a Constellation shareholder, click here to learn more about your rights and options.

Meredith Corporation (NYSE:MDP)concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its spin-off of its National Media Group portfolio and simultaneous sale of its Local Media Group assets to Gray Television for approximately $2.825 billion in cash. Under the terms of the transaction, Meredith's National Media Group portfolio will be spun out to shareholders as a standalone publicly traded company, with shareholders receiving $16.99 in cash per share and 1-for-1 equity share in post-close Meredith. If you are a Meredith shareholder, click here to learn more about your rights and options.

First Midwest Bancorp, Inc. (NASDAQ:FMBI)concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Old National Bancorp. Under the terms of the merger agreement, First Midwest stockholders will receive 1.1336 shares of Old National common stock for each share of First Midwest common stock they own. Following completion of the transaction, former First Midwest stockholders are expected to own approximately 44% of the combined company.If you are a First Midwest shareholder, click here to learn more about your rights and options.

Avalon GloboCare Corp. (NASDAQ:AVCO)concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Hebei Senlang Biotechnology Co. Ltd. In connection with the transaction, Avalon will reportedly issue 81 million shares of its common stock to acquire SenlangBio. If you are an Avalon shareholder, click here to learn more about your rights and options.

Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.

Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060

sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com

SOURCE: Halper Sadeh LLP

View source version on accesswire.com:
https://www.accesswire.com/652416/SHAREHOLDER-INVESTIGATION-Halper-Sadeh-LLP-Investigates-CNST-MDP-FMBI-AVCO-Shareholders-are-Encouraged-to-Contact-the-Firm

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of BHP Group (ASX:BHP) as an investment opportunity by taking the forecast future cash flows of the company and discounting them back to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

See our latest analysis for BHP Group

Crunching the numbers

We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) estimate

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$88b

The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.9%. We discount the terminal cash flows to today's value at a cost of equity of 7.2%.

Terminal Value (TV)= FCF₂₀₃₀ × (1 + g) ÷ (r – g) = US$9.4b× (1 + 1.9%) ÷ (7.2%– 1.9%) = US$182b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$182b÷ ( 1 + 7.2%)¹⁰= US$91b

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$179b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of AU$46.5, the company appears about fair value at a 1.7% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

The assumptions

We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at BHP Group as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.2%, which is based on a levered beta of 1.109. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Moving On:

Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For BHP Group, we've compiled three fundamental factors you should consider:

1. Risks: Be aware that BHP Group is showing 2 warning signs in our investment analysis , and 1 of those can't be ignored…

2. Future Earnings: How does BHP's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

3. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!

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

This article by Simply Wall St is general in nature. 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.

ISS Recommends Fancamp Shareholders Vote FOR Management Slate

VANCOUVER, British Columbia, Jun 19, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) today announced that the Special Committee of Directors (the "Special Committee") has postponed the Corporation’s annual general meeting ("AGM") and will advise shareholders of a specific new meeting date in due course. The AGM was originally scheduled for Tuesday, June 29, 2021.

The postponement was made necessary by a last-minute petition filed by Mr. Peter H. Smith’s counsel. Mr. Smith’s counsel, weeks ago, had requested a number of changes in the conduct of the meeting that Fancamp had rejected. Mr. Smith waited for a month, until less than two weeks before the AGM, to bring the petition, making a fair hearing of the petition impossible. The only way to ensure a fair court hearing after this ambush was to postpone the meeting and the Special Committee has done so.

In spite of Mr. Smith’s unfair tactics, the Corporation is committed to holding the AGM as soon as possible.

Fancamp thanks shareholders for their ongoing and overwhelming support. Further information regarding the new AGM date will be provided to the market in due course.

ISS Recommends Fancamp Shareholders Vote FOR Management Slate

Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm, recommended in its June 17, 2021 report that Fancamp shareholders vote FOR all six of Fancamp’s exceptionally qualified and experienced director nominees. In the report, ISS also stated:

"The dissident has failed to make a compelling case … Moreover, the cumulative [Total Shareholder Return] of the company during the dissident's lengthy tenure as CEO and on the board does not seem to suggest that the company was following a … successful strategy…"

Advisors

Lavery, de Billy, L.L.P. and Goodmans LLP are serving as legal advisor to Fancamp. Harris & Company LLP is serving as litigation counsel to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp. Koffman Kalef LLP is serving as legal advisor to the Special Committee.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements

This news release includes certain statements which are not comprised of historical facts and that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include estimates and statements that describe Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "foresees" or "plan". Since forward-looking statements are based on multiple factors, assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, information and statements relating to the Corporation’s annual general meeting, and objectives, goals or future plans. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled "Risks and Uncertainties" in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended January 31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Fancamp considers its assumptions to be reasonable based on information currently available, but there can be no assurance that such 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.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210619005124/en/

Contacts

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

TSXV: NOVR
OTCQB: NOVRF

VANCOUVER, BC, June 18, 2021 /CNW Telbec/ – Nova Royalty Corp. ("Nova" or the "Company") (TSXV: NOVR) (OTCQB: NOVRF) is pleased to announce that it has completed a royalty purchase agreement (the "Agreement") with Sociedad Minera Auromín Limitada ("Auromín") pursuant to which Nova acquired the rights to be granted a 1.0% net proceeds royalty (the "Royalty") on the West Wall copper-gold-molybdenum project ("West Wall" or the "Project") for US$4.2 million in cash. West Wall is owned by a 50/50 joint venture between Anglo American plc (LSE: AAL) ("Anglo American") and Glencore plc (LSE: GLEN) ("Glencore").

Alex Tsukernik, Nova's President and CEO, commented, "West Wall is one of the world's premier greenfield copper projects. Together with the 0.98% NSR that we already own on the neighboring Vizcachitas project, through this transaction, Nova now owns royalties on two of the largest and most advanced development projects in one of Chile's most strategic copper producing regions. West Wall is owned by two leading mining companies in Anglo American and Glencore and is a natural extension of Nova's strategy of securing royalties on the most advanced and strategic copper and nickel assets in core mining jurisdictions."

West Wall

West Wall is a copper-gold-molybdenum porphyry deposit located in the Valparaiso Region of Chile, approximately 100km to the northeast of Santiago and 70km north of the Rio Blanco-Los Bronces mineralized district. The Project has two distinct mineralized zones: Lagunillas and West Wall Norte. The mineralization zones are part of an extensive north-northeast striking hydrothermal alteration zone of approximately 9km by 4km. The Royalty covers the Lagunillas and West Wall Norte zones, which comprise the existing resource on West Wall.

As of December 31, 2020, the mineral resource estimate for West Wall was:^(1),(2)

Mineral Resource Statement as at December 31, 2020

Anglo American reported a maiden inferred resource at West Wall, focused exclusively on the Lagunillas zone, on October 19, 2010. The stated inferred resource at that time was 750Mt at 0.54% Cu, 0.05 g/t Au, and 0.01% Mo. Since then, Anglo American and Glencore have completed various exploration activities, which have resulted in the identification of a new mineralized zone, West Wall Norte, and a significant increase in total mineral resources.

The West Wall project is located in the same geological belt as some of South America's largest copper deposits, including Andina, Los Bronces, Los Pelambres, El Pachon, and El Teniente. The Vizcachitas copper-molybdenum development project, on which Nova has an existing 0.98% royalty and is owned by Los Andes Copper (TSXV: LA), is approximately 20km away from West Wall.

A map of the region is shown below.

A map of the West Wall Project area is shown below.

Transaction Details

Under the terms of the Agreement, Auromín assigned Nova all of the rights granted to Auromín (the "Participation"), as defined in a Participation Agreement between Auromín and a subsidiary of Anglo American, concerning West Wall and any other mining tenements established as designated areas in the surrounding region (the "Participation Agreement").

The Participation Agreement provides that, upon the fulfillment of certain conditions, including Anglo American making a production decision at West Wall, a sociedad contractual minera ("SCM") will be incorporated, and into which the mining tenements corresponding to the Project will be transferred. The owner of the Participation will be issued shares in the SCM, which will give such owner an 8.0% interest in the SCM. Subsequently, if one or more mines is brought into production for West Wall or another designated area‎, Anglo American will repurchase from the owner of the Participation the shares in the SCM that correspond to a 7.0% interest in the SCM for a predetermined price, leaving the owner of the Participation with a 1.0% interest in the SCM, which entitles the owner to a 1.0% net proceeds of production royalty from West Wall. A SCM will be similarly established for any other designated area within the scope of the Participation Agreement, giving the owner of the Participation the same rights as stated above with respect to such designated areas.

All payments resulting from the repurchase by Anglo American of the 7.0% interest in the SCM will be reimbursed in full to Auromín. Nova will retain sole ownership of 1.0% of the shares in the SCM, which entitle the owner of such shares to the 1.0% net proceeds of production royalty from the Project or such other designated area, as the case may be, which will not be subject to repurchase by Anglo American.

Nova has agreed to pay a finder's fee to an arm's length person totaling two percent (2%) of the Transaction value based on a volume weighted average trading price of the common shares of the Company prior to the date of closing which will represent an issuance of 30,748 common shares of the Company (the satisfaction of the finder's fee in shares is subject to the acceptance of the TSX Venture Exchange).

At-the-Market Equity Program

The Company is also pleased to provide an update on its At-the-Market Equity Program ("ATM Program"). As of the date of this news release, Nova has sold 1,593,700 common shares at an average price of C$3.60/share ‎under its ATM Program for gross proceeds of C$5.73 million. As a result of these proceeds ‎and cash held on the balance sheet, the Company was fully funded to close the ‎royalty acquisition on West Wall.‎

Qualified Person

Technical information contained in this news release originates in the public disclosure set out above and has been reviewed and approved by Christian Rios, AIPG Certified Professional Geologist, Advisor to Nova and a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Nova

Nova is a royalty company focused on providing investors with exposure to the key building blocks of clean energy – copper and nickel. The Company is headquartered in Vancouver, British Columbia and is listed on the TSXV under the trading symbol "NOVR" and on the US OTCQB under the ticker "NOVRF".

ON BEHALF OF NOVA ROYALTY CORP.,
(signed) "Alex Tsukernik"

President and Chief Executive Officer
Phone: (604) 696-4241
Email: info@novaroyalty.com
Website: www.novaroyalty.com

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

TECHNICAL AND THIRD-PARTY INFORMATION

Except where otherwise stated, the disclosure in this press release relating to the West Wall project is based on information publicly disclosed by the owners or operators of this property and information/data available in the public domain as at the date hereof and none of this information has been independently verified by Nova. Specifically, as a royalty holder, Nova has limited, if any, access to the property subject to the Royalty. Although Nova does not have any knowledge that such information may not be accurate, there can be no assurance that such third party information is complete or accurate. Some information publicly reported by the operator may relate to a larger property than the area covered by the Royalty. Nova's royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, exploration and expansion potential, production, recoveries and other anticipated or possible future developments on the West Wall project, current and potential future estimates of mineral reserves and resources; future commercial production from the West Wall project or other designated areas; and the attainment of required regulatory approval to the acquisitions of the Royalty. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final non-offering long form prospectus dated August 14, 2020 available for review on the Company's profile at www.sedar.com . Such forward-looking information represents management's best judgment based on information currently available. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE Nova Royalty Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/18/c7532.html

Photo by Dominik Vanyi on Unsplash

As the U.S. economy grows at its fastest rate since the 1980s, mining companies are benefiting from a price surge in metals like copper, nickel and aluminum. Behind that price surge is the anticipation of renewed investment in infrastructure and manufacturing, two sectors where mined resources are key components of building and developing new technology.

American Pacific Mining (OTCQB: USGDF), the Canadian-based company focused on copper, gold and silver exploration in the western United States, is one of the rising companies in the space that’s been attracting new investors interested in adding mining stocks to their portfolio. Key acquisitions and a joint venture agreement with the major mining company, Rio Tinto (OTCMKTS: RTNTF) are among the main factors driving investor interest in the high-growth potential stock.

Rio Tinto Began Drilling at the Madison Copper Gold Project

Kennecott Exploration, a division of Rio Tinto, is funding the exploration of the past-producing Madison Copper Gold Project in Montana this year after results from previous drilling campaigns demonstrated high-grade copper and gold potential at the project. The Madison project has a rich history of high grade production, churning out 2.7B pounds of copper with grades ranging from 20% to over 35% and 7,570 ounces of gold at 16.1 grams per tonne between 2008 and 2012. Industry insiders know that high grades like these are phenomenal. American Pacific inherited the earn-in agreement and option to joint venture with Rio Tinto on Madison when it acquired the Madison project last year.

This partnership with a major mining company like Rio Tinto is one of the key signals investors look for in evaluating smaller cap mining stocks. Founded in 1873, Rio Tinto is one of the world’s largest mining companies and owns and operates mines, mills and other facilities around the world. A company as established as Rio Tinto is known for doing significant due diligence before agreeing to be involved in a project. That it’s chosen to invest so much time and capital into the Madison project is a strong testament to the potential at American Pacific Mining’s flagship asset.

Not only does it signal the project’s potential, but it also mitigates much of the risks typically associated with exploration projects. As the operator, Rio Tinto is not only covering the cost of drilling, but it is drilling the project as well, lending its extensive operational expertise, both of which free the junior exploration company from the burden of the financing risk and operation risk for this project.

Investors who buy shares of American Pacific Mining see this as an opportunity to benefit from the added reassurance of a major mining company partnership while paying junior mining stock prices.

Michael Gentile Becomes Strategic Investor in American Pacific Mining

One investor of note is Michael Gentile, CFA. The former portfolio manager for the $2 billion Montreal-based Formula Growth Fund bought a near 20% stake in the company earlier this year, becoming a strategic investor.

During his 15-year tenure at the Formula Growth Fund, Gentile focused on finding promising junior mining and natural resource companies to add to the fund. Since retiring, Gentile has become an active strategic investor, owning a top 5 stake in more than 15 small cap mining companies.

The latest small cap mining company to be added to his portfolio is American Pacific Mining, but the strategic investor with his decades of mining investing expertise is also a strategic advisor to Arizona Metals (OTCMKTS: AZMCF). Headquartered in Toronto, Arizona Metals is a mineral exploration company whose stock has skyrocketed in the past 6 months from $0.76 at the close of 2020 to over $4 in June amid news of new gold-zinc discoveries and the close of a $21,000,000 bought deal offering.

With the combined track record of due diligence in identifying small cap mining stocks for the Formula Growth Fund and the success of the exploration companies currently in his portfolio, Michael Gentile’s investment in American Pacific Mining is seen by many investors as another strong signal of the junior exploration company’s growth potential.

For investors who are new to mining stocks, finding the right ones for your portfolio can be a daunting task as mining company business models are drastically different from other businesses and the mining industry can be hard to evaluate without extensive expertise in the industry. Tracking the investing activities of major mining companies like Rio Tinto that do extensive due diligence before investing in a project and aligning with strategic investors possessing insider knowledge of the industry are two of the best ways to work around those challenges.

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NEW YORK, NY / ACCESSWIRE / June 18, 2021 / Lifshitz Law Firm, P.C.

Diamond S Shipping Inc. (NYSE:DSSI)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the merger of DSSI and INSW. Each DSSI shareholder will receive 0.55375 shares of INSW per share of DSSI owned.

If you are investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@jlclasslaw.com.

Meredith Corporation (NYSE:MDP)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the merger of MDP with Gray Television for $14.50 in cash for each MDP share owned.

If you are an investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@jlclasslaw.com.

Meridian Bancorp, Inc. (NASDAQ:EBSB)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the merger of INDB to EBSB.

If you are an investor, and would like information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@jlclasslaw.com.

TGR Financial, Inc. (OTCQX:TGRF)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the merger of FFWM and TGRF.

If you are an investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@jlclasslaw.com.

ATTORNEY ADVERTISING.© 2021 Lifshitz Law Firm, P.C. The law firm responsible for this advertisement is Lifshitz Law Firm, P.C. LLP, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:
Joshua M. Lifshitz, Esq.
Lifshitz Law Firm, P.C.
Phone: 516-493-9780
Facsimile: 516-280-7376
Email: jml@jlclasslaw.com

SOURCE: Lifshitz Law Firm, P.C.

View source version on accesswire.com:
https://www.accesswire.com/652345/Lifshitz-Law-Firm-PC-Announces-Investigation-of-DSSI-MDP-EBSB-and-TGRF

TORONTO, ON / ACCESSWIRE / June 18, 2021 / Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") wishes to announce that it has closed its non-brokered private placement offering referred to in its press release dated May 31, 2021. The Company raised gross proceeds of $204,000.

Traxxin Gold Project

In January of this year the Company completed 4 diamond drill holes (BV-21-01 to 04) totalling 745 m (see Bold press release dated April 12, 2021).

Highlights included:

The targeted gold bearing structure was intersected in all four holes.

Hole BV-21-04 intersected a prominent 12 m long shear zone (Traxxin Shear Zone) hosting brecciated quartz vein material, intense chlorite-sericite alteration and silicification. Assay results within this zone ranged from 0.61 g/t Au to 15.0 g/t Au.

Hole BV-21-01 intersected multiple shear zones with intervals ranging from <0.5 m up to 10 m consisting of intense chlorite-sericite alteration and quartz-carbonate breccia. Assay values from this hole ranged from <0.002 g/t Au to 9.87 g/t Au.

The Traxxin Shear Zone was intersected in holes BV-21-02 and BV-21-03, with intervals ranging from 3 m to 8.7 m, respectively. The zone is characterized by strongly to intensely sheared and boudined diorite and quartz veining, exhibiting moderate to strong chlorite-sericite alteration. Gold assay results for these two holes varied from <0.002 g/t Au to 0.92 g/t Au.

The Company has concluded its review of the January 2021 drilling results and is currently finalizing a surface exploration program to detail the 2 km long conductive trend that extends from the Main Zone south. The acquisition of additional diamond drill targets located along the 2 km long conductive trend will be combined with the next phase of drilling at the Traxxin Main Zone (see Traxxin Gold Project – Geophysical and Drill Hole Compilation Map).

Traxxin Extension Joint Venture

In April 2017, Lac des Mille Lacs First Nation (LDMLFN) and Bold entered into a joint venture to explore the northeastern extension of the Traxxin Gold discovery. Pursuant to the Traxxin Extension Joint Venture Agreement, LDMLFN has the right to earn a 50% interest in the Traxxin Gold Property from Bold by paying to Bold 50% of the cash option payments, 50% of the expenditure requirements and reimbursing Bold for 50% of the value of the shares issued pursuant to the Option. If the Option is earned and both parties maintain their interest in the Traxxin Gold Property, Bold and LDMLFN will form a joint venture for the further exploration and development of the Traxxin Gold Property.

Farwell Gold-Copper Project

Bold's technical team has compiled the historical work performed on the Farwell property and carried out prospecting and sampling in and around the three key areas of the Farwell Gold-Copper property.

Geophysical interpretation of the historical (1988) Dighem Airborne Electromagnetic and Magnetic survey that covers the known gold and copper showings was carried out in order to assist in the identification of an optimum, modern, geophysical approach to exploring the numerous showings that occur within the claims. It is evident that the gold mineralization in the Koala Gold area (Captain-Koala Gold Occurrence diamond drill intersection of 12.8 g/t Au over 1.52 m in 1986) is associated with appreciable sulphide mineralization.

The Farwell Sulphide zone (Bibis Prospect drill intersection 1.47% Cu over 5.2 m in 1966) is associated with massive sulphide mineralization.

As a result, a modern airborne electromagnetic survey has been recommended in order to penetrate well below the approximately 70 m of depth that the Dighem Electromagnetic and Magnetic survey, carried out by the Government of Ontario in 1988, could accomplish. Modern electromagnetic surveys can penetrate to depths 4 times that range. Budgeting and program proposals are being considered and a schedule will be determined for the next phase of work.

The technical information found within this news release has been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) for the purposes of NI 43-101.

As a result of the current COVID-19 virus concerns, the Company's management and contractors are following public guidelines and taking recommended steps to protect the health and safety of all personnel while carrying out field operations. As a result of the Covid-19 pandemic giving rise to local and national anti-virus measures, the scheduling of activities are subject to change.

Please visit the Bold website at www.boldventuresinc.com and see our recent news and project information.

For additional information contact 416-864-1456 or email: info@boldventuresinc.com.

About Bold Ventures Inc.

The Company explores for Gold and Base Metals in Canada. Bold is exploring properties located within active gold camps of Northern Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit www.boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

"David B Graham"
David Graham
President and CEO

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.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

SOURCE: Bold Ventures Inc.

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