Freeport-McMoRan (FCX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this mining company have returned +6.7% over the past month versus the Zacks S&P 500 composite's +7.4% change. The Zacks Mining – Non Ferrous industry, to which Freeport-McMoRan belongs, has gained 3.1% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate Revisions

Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Freeport-McMoRan is expected to post earnings of $0.47 per share, indicating a change of +2.2% from the year-ago quarter. The Zacks Consensus Estimate has changed -4.2% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $1.67 points to a change of +12.8% from the prior year. Over the last 30 days, this estimate has changed +3.3%.

For the next fiscal year, the consensus earnings estimate of $2.22 indicates a change of +33% from what Freeport-McMoRan is expected to report a year ago. Over the past month, the estimate has changed +0.3%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Freeport-McMoRan is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS12-month consensus EPS estimate for FCX _12MonthEPSChartUrlRevenue Growth Forecast

Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Freeport-McMoRan, the consensus sales estimate for the current quarter of $6.93 billion indicates a year-over-year change of +4.7%. For the current and next fiscal years, $26.91 billion and $29.2 billion estimates indicate +5.7% and +8.5% changes, respectively.

Last Reported Results and Surprise History

Freeport-McMoRan reported revenues of $5.73 billion in the last reported quarter, representing a year-over-year change of -9.4%. EPS of $0.24 for the same period compares with $0.32 a year ago.

Compared to the Zacks Consensus Estimate of $5.31 billion, the reported revenues represent a surprise of +7.92%. The EPS surprise was 0%.

Over the last four quarters, Freeport-McMoRan surpassed consensus EPS estimates two times. The company topped consensus revenue estimates three times over this period.

Valuation

No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Freeport-McMoRan is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom Line

The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Freeport-McMoRan. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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

Zacks Investment Research

In the latest market close, Freeport-McMoRan (FCX) reached $38.89, with a -1.89% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.56% for the day. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq depreciated by 0.51%.

Coming into today, shares of the mining company had gained 6.65% in the past month. In that same time, the Basic Materials sector gained 3.81%, while the S&P 500 gained 7.37%.

The investment community will be closely monitoring the performance of Freeport-McMoRan in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 2.17% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.93 billion, reflecting a 4.69% rise from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $1.67 per share and a revenue of $26.91 billion, demonstrating changes of +12.84% and +5.71%, respectively, from the preceding year.

Any recent changes to analyst estimates for Freeport-McMoRan should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.34% higher. Freeport-McMoRan is currently a Zacks Rank #3 (Hold).

In terms of valuation, Freeport-McMoRan is currently trading at a Forward P/E ratio of 23.8. This denotes a premium relative to the industry's average Forward P/E of 21.62.

We can additionally observe that FCX currently boasts a PEG ratio of 0.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Mining – Non Ferrous stocks are, on average, holding a PEG ratio of 0.8 based on yesterday's closing prices.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 20% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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

Zacks Investment Research

Antofagasta's (LON:ANTO) stock is up by a considerable 5.8% over the past month. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to Antofagasta's ROE today.

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

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How Do You Calculate Return On Equity?

ROE can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Antofagasta is:

10% = US$1.3b ÷ US$13b (Based on the trailing twelve months to December 2024).

The 'return' is the amount earned after tax over the last twelve months. So, this means that for every £1 of its shareholder's investments, the company generates a profit of £0.10.

View our latest analysis for Antofagasta

What Has ROE Got To Do With Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Antofagasta's Earnings Growth And 10% ROE

On the face of it, Antofagasta's ROE is not much to talk about. However, given that the company's ROE is similar to the average industry ROE of 12%, we may spare it some thought. Even so, Antofagasta has shown a fairly decent growth in its net income which grew at a rate of 11%. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this growth. Such as – high earnings retention or an efficient management in place.

Next, on comparing Antofagasta's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 10% over the last few years.

LSE:ANTO Past Earnings Growth May 28th 2025

Earnings growth is an important metric to consider when valuing a stock. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Antofagasta's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

Is Antofagasta Efficiently Re-investing Its Profits?

Antofagasta has a three-year median payout ratio of 42%, which implies that it retains the remaining 58% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently.

Besides, Antofagasta has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 38%. Accordingly, forecasts suggest that Antofagasta's future ROE will be 11% which is again, similar to the current ROE.

Portfolio Valuation calculation on simply wall stSummary

In total, it does look like Antofagasta has some positive aspects to its business. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

The most recent trading session ended with Southern Copper (SCCO) standing at $93.16, reflecting a +0.89% shift from the previouse trading day's closing. This change lagged the S&P 500's 2.05% gain on the day. Elsewhere, the Dow saw an upswing of 1.78%, while the tech-heavy Nasdaq appreciated by 2.47%.

The the stock of miner has fallen by 1.58% in the past month, lagging the Basic Materials sector's gain of 2.82% and the S&P 500's gain of 5.21%.

Market participants will be closely following the financial results of Southern Copper in its upcoming release. On that day, Southern Copper is projected to report earnings of $1.05 per share, which would represent a year-over-year decline of 13.93%. Meanwhile, our latest consensus estimate is calling for revenue of $2.9 billion, down 6.86% from the prior-year quarter.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.38 per share and a revenue of $11.88 billion, signifying shifts of +1.15% and +3.86%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.92% decrease. Currently, Southern Copper is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 21.07. This valuation marks a premium compared to its industry's average Forward P/E of 21.02.

Meanwhile, SCCO's PEG ratio is currently 2.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Mining – Non Ferrous industry was having an average PEG ratio of 0.77.

The Mining – Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 32, placing it within the top 13% of over 250 industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

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

Zacks Investment Research

Key Insights

• Significantly high institutional ownership implies Freeport-McMoRan's stock price is sensitive to their trading actions

• A total of 17 investors have a majority stake in the company with 50% ownership

• Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business

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A look at the shareholders of Freeport-McMoRan Inc. (NYSE:FCX) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 86% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.

Let's delve deeper into each type of owner of Freeport-McMoRan, beginning with the chart below.

Check out our latest analysis for Freeport-McMoRan

NYSE:FCX Ownership Breakdown May 25th 2025What Does The Institutional Ownership Tell Us About Freeport-McMoRan?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

As you can see, institutional investors have a fair amount of stake in Freeport-McMoRan. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Freeport-McMoRan's earnings history below. Of course, the future is what really matters.

NYSE:FCX Earnings and Revenue Growth May 25th 2025

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don't have a meaningful investment in Freeport-McMoRan. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 8.7% of shares outstanding. In comparison, the second and third largest shareholders hold about 7.6% and 6.7% of the stock.

Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 17 shareholders, meaning that no single shareholder has a majority interest in the ownership.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Freeport-McMoRan

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our data suggests that insiders own under 1% of Freeport-McMoRan Inc. in their own names. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own US$280m worth of shares (at current prices). In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.

General Public Ownership

With a 13% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Freeport-McMoRan. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Freeport-McMoRan better, we need to consider many other factors.

I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.

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

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

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Virtual Investor Conferences

Company Executives Share Vision and Answer Questions Live at VirtualInvestorConferences.com

NEW YORK, May 23, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from Precious Metals & Critical Minerals Hybrid Virtual Investor Conference held May 22nd are now available for online viewing.

VIEW PRESENTATIONS HERE

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may downloadinvestor materials from the company’s resource section.

May 22nd

Presentation	Ticker(s)
Keynote Presentation: “What’s next for precious metals?”-Jeff Christian, Managing Partner of CPM Group
Viva Gold Corp.	(OTCQB: VAUCF | TSXV: VAU)
StrikePoint Gold, Inc.	(OTCQB: STKXF | TSXV: SKP)
Honey Badger Silver Inc.	(OTCQB: HBEIF | TSXV: TUF)
Relevant Gold Corp.	(OTCQB: RGCCF | TSXV: RGC)
Keynote Presentation: “Surveying the Critical Metals Landscape,”–Jack Lifton, Senior Advisor, Energy Fuels, Inc.
Azimut Exploration Inc.	(OTCQX: AZMTF | TSXV: AZM)
Energy Fuels Inc.	(NYSE American: UUUU | TSX: EFR)
Lion Copper & Gold Corp.	(OTCQB: LCGMF | CSE: LEO)
Alaska Silver Corp.	(Pink: WAMFF |TSXV: WAM)
Cygnus Metals Ltd.	(OTCQB: CYGGF |TSXV: CYG |ASX: CY5)
Power Metallic Mines, Inc.	(OTCQB: PNPNF |TSXV: PNPN)

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

About Virtual Investor Conferences®

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

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

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

Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@otcmarkets.com

Teck Resources Ltd

VANCOUVER, British Columbia, May 23, 2025 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (“TRC”) to purchase up to 2.0 million Class B subordinate voting shares of Teck, representing approximately 0.41 percent of Teck’s outstanding Class B subordinate voting shares as of May 23, 2025.

The offer price of $47.80 represents a 4.46% discount to the closing price of Teck’s Class B subordinate voting shares on the Toronto Stock Exchange on May 20, 2025, the day prior to the date of the offer.

Teck recommends that shareholders NOT tender their Class B subordinate voting shares in response to TRC's below-market price mini-tender offer. TRC’s mini-tender offer is subject to many conditions, including conditions based on TRC’s subjective opinion, a financing condition, and a condition that there shall not have occurred since May 20, 2025, a decrease in the price of Teck’s Class B subordinate voting shares, the Dow Jones Industrial Average, the S&P 500 Average or a number of other stock market indices.

Teck does not endorse TRC's unsolicited mini-tender offer and is not associated with TRC, the mini-tender offer or the offer documentation. TRC has made many similar unsolicited mini-tender offers for shares of other companies. Mini-tender offers are designed to seek less than 5% of a company's outstanding shares, thereby avoiding many investor protections such as disclosure and procedural requirements applicable to most takeover bids and tender offers under applicable Canadian and U.S. securities laws. Shareholders who are considering tendering their shares to TRC's mini-tender offer are strongly urged to exercise caution with respect to TRC's offer, obtain current market quotations for their Teck Class B subordinate voting shares, consult with their financial advisors and carefully examine TRC's mini-tender offer.

The Canadian Securities Administrators ("CSA") have expressed serious concerns about mini-tender offers such as the possibility that investors might tender to a mini-tender offer based upon a misunderstanding of the terms of the offer, including the per security price available under the offer relative to the market price of such securities. The CSA’s long-standing guidance on mini-tenders can be found at: https://www.osc.ca/en/securities-law/instruments-rules-policies/6/61-301/csa-staff-notice-61-301-staff-guidance-practice-mini-tenders. The U.S. Securities and Exchange Commission has published investor tips regarding mini-tender offers on its website at: https://www.sec.gov/about/reports-publications/investorpubsminitend.

Brokers, dealers and other market participants are encouraged to exercise caution and review the letter regarding broker-dealer mini-tender offer dissemination and disclosures on the SEC website at https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

According to TRC's current offer documents, Teck shareholders who have already tendered their shares may withdraw their shares at any time before 11:59 a.m. (Toronto time) on June 18, 2025, by following the procedures described in the offer documents.

Teck requests that TRC include a copy of this news release with all distributions of materials relating to TRC’s mini-tender offer related to Teck shares.

Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements and information can be identified by statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or achieved. Forward-looking statements include the success of TRC’s mini-tender, the expected outcome of TRC’s mini-tender including satisfaction of the applicable conditions, the level of shareholder participation in the mini-tender, and the CSA’s and SEC’s guidance on and continued concerns with mini-tenders.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general business and economic conditions, interest rates, commodity and power prices, the level of shareholder participation in and the terms and conditions of the mini-tender, and other matters. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to vary materially.

Factors that may cause actual results to vary include, but are not limited to, changes in the mini-tender, including the applicable conditions, shareholder participation in the mini-tender, changes in CSA and SEC recommendations, the dissemination of this press release with future TRC mini-tender offer materials or communications, public filings with the Canadian securities administrators and the U.S. Securities and Exchange Commission surrounding TRC’s mini-tender, Teck shareholders’ ability to withdraw their tendered shares, and changes or deterioration in general economic conditions. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document, except as may be required under applicable securities laws.

About TeckTeck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:Emma ChapmanVice President, Investor Relations +44.207.509.6576emma.chapman@teck.com

Media Contact:Dale SteevesDirector, External Communications236.987.7405 dale.steeves@teck.com

Over the last 7 days, the United States market has dropped by 1.4%, but over the longer term, it has risen by 11% in the past year with earnings forecast to grow by 14% annually. In this fluctuating environment, reliable dividend stocks can offer a steady income stream and potential for growth, making them an attractive option for investors seeking stability and returns.

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Name	Dividend Yield	Dividend Rating
Columbia Banking System (NasdaqGS:COLB)	6.09%	★★★★★★
First Interstate BancSystem (NasdaqGS:FIBK)	7.10%	★★★★★★
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Let’s take a closer look at a couple of our picks from the screened companies.

First Horizon

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

Overview: First Horizon Corporation, with a market cap of $9.86 billion, operates as the bank holding company for First Horizon Bank, offering a range of financial services.

Operations: First Horizon Corporation’s revenue segments include Wholesale generating $430 million and Commercial, Consumer, and Wealth contributing $2.85 billion.

Dividend Yield: 3%

First Horizon’s dividend yield of 3.04% is reliable, with a stable payout history over the past decade. The company’s dividends are well covered by earnings, with a current payout ratio of 41.5%, projected to decrease to 32.5% in three years, indicating sustainability. Recent activities include share buybacks totaling $488.87 million and amendments to company bylaws affecting board composition. Additionally, First Horizon has declared cash dividends on various preferred stock series payable in mid-2025.

• Unlock comprehensive insights into our analysis of First Horizon stock in this dividend report.

• The analysis detailed in our First Horizon valuation report hints at an deflated share price compared to its estimated value.

NYSE:FHN Dividend History as at May 2025GeoPark

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

Overview: GeoPark Limited is an oil and natural gas exploration and production company operating in several Latin American countries, with a market cap of $346.91 million.

Operations: GeoPark Limited generates revenue primarily from its oil and gas exploration and production segment, amounting to $630.77 million.

Dividend Yield: 8.7%

GeoPark’s dividend yield is among the top 25% in the U.S. market, supported by a low payout ratio of 38.5%, indicating sustainability despite a volatile six-year payment history. The company declared a quarterly dividend of $0.147 per share, approximately $7.5 million, payable June 2025. Although recent earnings showed declines with net income at $13.07 million for Q1 2025, new leadership under Felipe Bayon could influence future performance and strategy execution in core assets like Vaca Muerta and Llanos 34 Block.

• Take a closer look at GeoPark’s potential here in our dividend report.

• In light of our recent valuation report, it seems possible that GeoPark is trading behind its estimated value.

NYSE:GPRK Dividend History as at May 2025Southern Copper

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

Overview: Southern Copper Corporation is involved in mining, exploring, smelting, and refining copper and other minerals across Peru, Mexico, Argentina, Ecuador, and Chile with a market cap of $73.11 billion.

Operations: Southern Copper Corporation’s revenue segments include $6.60 billion from Mexican Open-Pit operations, $4.84 billion from Peruvian Operations, and $713.10 million from the Mexican Industrial Minera Mexico and Subsidiaries (IMMSA) Unit.

Dividend Yield: 3%

Southern Copper’s dividend payments are supported by a reasonable payout ratio of 43.6%, covered by both earnings and cash flows, but have been historically volatile over the past decade. Despite this instability, dividends have grown in the same period. Recent financial results show strong performance with Q1 2025 sales at US$3.12 billion and net income at US$945.9 million, reflecting a significant year-over-year increase, though its dividend yield remains below the top U.S. payers at 3.03%.

• Navigate through the intricacies of Southern Copper with our comprehensive dividend report here.

• According our valuation report, there’s an indication that Southern Copper’s share price might be on the expensive side.

NYSE:SCCO Dividend History as at May 2025Make It Happen

• Navigate through the entire inventory of 146 Top US Dividend Stocks here.

• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.

• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

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• Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NYSE:FHN NYSE:GPRK and NYSE:SCCO.

This article was originally published by Simply Wall St.

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

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

Freeport-McMoRan (FCX)

Based in Phoenix, AZ, Freeport-McMoRan Inc., formerly Freeport-McMoRan Copper & Gold Inc., is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; as well as the smelting and refining of copper concentrates. The company conducts its operations primarily through its principal operating subsidiaries, PT Freeport Indonesia (PT-FI), Freeport Minerals Corporation and Atlantic Copper. PT Freeport Indonesia’s principal asset is Papua, Indonesia-based Grasberg mine, which contains the world’s largest copper and gold reserves.

FCX sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of A. Compared to the Mining – Non Ferrous industry's P/E of 20.4X, shares of Freeport-McMoRan are trading at a forward P/E of 22.8X. FCX also has a PEG Ratio of 0.7, a Price/Cash Flow ratio of 12.5X, and a Price/Sales ratio of 2.2X.

Many value investors pay close attention to a company's earnings as well. For FCX, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $1.67 per share for 2025. Per share FCX boasts an average earnings surprise of 10.5%.

With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding FCX to their portfolios.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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

Zacks Investment Research

(This story has been refiled to expand the company name of Rio Tinto in the headline)

By Melanie Burton, Clara Denina

MELBOURNE/LONDON (Reuters) -As Rio Tinto searches for a new CEO, the miner will cast a wide net due to a very short list of possible internal candidates, sources said, in contrast with laser-focused succession planning at its main rival BHP.

Rio, the world's largest iron ore miner, took investors by surprise on Thursday when the company announced CEO Jakob Stausholm will step down later this year once a successor is appointed. It gave no reason for the move.

One source familiar with the matter said the board had held meetings on the succession in recent months with the help of executive recruitment firm MWM Consulting, vetting internal candidates including Bold Baatar, Simon Trott and Jerome Pecresse, while looking for external leaders too.

"The next generation of big mining leaders will have to be more aggressive than the last. There's less copper around and they will have to take bigger risks to get it," said one person who consults for top executive appointments in the industry.

Both mining giants are in the midst of changing CEO at a critical juncture as the hunt for copper is crucial due to demand for use in multiple technologies including artificial intelligence and the clean energy transition.

A febrile atmosphere characterised 2024 as diversified miners failed in pulling off big ticket M&A – something both companies might hope to succeed in with new leadership. Among Rio's internal suite of candidates, Singapore-based Baatar, Rio's chief commercial officer, has found some strong support.

"We believe Baatar's communication, portfolio knowledge and problem-solving skills (as showcased during his role at Oyu Tolgoi mine in Mongolia and Simandou mine in Guinea) would prove key in leading Rio," RBC analysts said in a note.

The Mongolian has worked in leadership positions in Rio's marine, iron ore sales and marketing divisions. He joined the Executive Committee in 2016, running the Energy & Minerals product group, before heading its copper division.

Head of iron ore Trott, a more than 20-year veteran at Rio, has brought to market its biggest new iron ore mine in more than a decade, in Australia, and is building out a huge programme of replacement tonnes.

But he has faced pushback from investors because the quality of ore in Rio's exports has dropped during his tenure and has also fallen short of production targets.

OUTSIDE CONTENDERS

Pecresse was appointed head of the aluminium division in October 2023, joining the company from General Electric (GE) Renewable Energy. He worked at Alstom and Imerys prior to that, and is seen internally as a very sharp, but understated leader. His wife is French politician Valerie Pecresse.

Outside contenders include Newmont CEO Tom Palmer, who had also been considered in 2020, and previous OZ Minerals CEO Andrew Cole, both former Rio veterans.

That compares with a very strong internal cadre at BHP, the world's biggest listed miner, where CEO Mike Henry is expected to leave in the next year and a new CEO announced at the same time.

BHP regularly rotates top talent through key roles so it has a depth and breadth of experience to choose from. Internal CEO candidates are mentored for years by the chair and some members of the board, as a sort of pre-screening exercise, a source familiar with the company said.

The company pledged in 2016 to have 40% female staff by 2025, which it is on track to achieve, and its top two contenders are women.

BHP's Australia president Geraldine Slattery is well liked by investors for her operational nous, having previously led the company's petroleum business out of Texas. She has been at BHP for three decades. One investor described her as "steely".

CFO Vandita Pant is seen as a cool head in uncertain geopolitical times, having helped to steer ABN Amro and RBS though the thick of the global financial crisis, the latter where she worked with BHP's new chairman and former RBS CEO Ross McEwan. Pant joined BHP in 2016. A weakness could be her financial, not operational, background, some investors have said.

(Reporting by Melanie Burton and Clara Denina; Editing by Veronica Brown and Susan Fenton)

Freeport-McMoRan Inc. FCX and BHP Group Limited BHP are two heavyweights in the copper mining industry. Both are navigating challenges such as fluctuating copper prices and global economic uncertainties. Given the current uncertainties surrounding the trade tensions and their potential impact on copper prices, analyzing these companies' fundamentals is timely and pertinent.Copper prices surged to a new record high of $5.24 per pound in late March as buyers stocked up the commodity amid concerns that President Donald Trump could impose tariffs on copper, leading to a disruption in the global supply chain. However, prices nosedived to around $4.1 per pound in early April amid demand worries due to tariffs, which threatened to cause a broader slowdown globally. Prices of the red metal moved up in late April to roughly $4.9 per pound amid a weakening U.S. dollar on heightened concerns about the prospect of a downturn in the U.S. economy. Lately, prices have again retreated to around $4.7 per pound on weak global demand and increased supply. The trade conflict continues to pose risks to copper demand, as the metal is essential in various industries, including electronics and construction. Let’s dive deep and closely compare the fundamentals of these two copper miners to determine which one is a better investment option now.

The Case for Freeport

Freeport is well-placed with high-quality copper assets and remains focused on strong execution and advancing its organic growth opportunities. At its Cerro Verde operation in Peru, a large-scale concentrator expansion provided incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum. It is evaluating a large-scale expansion at El Abra in Chile to define a large sulfide resource that could potentially support a major mill project similar to the large-scale concentrator at Cerro Verde. FCX is also conducting pre-feasibility studies (expected to be completed in 2026) in the Safford/Lone Star operations in Arizona to define a significant sulfide expansion opportunity. It also has expansion opportunities at Bagdad in Arizona to more than double the concentrator capacity of the operation. Also, PT Freeport Indonesia (PT-FI) substantially completed the construction of the new greenfield smelter in Eastern Java during 2024, with an expected start-up in second-quarter 2025, followed by a full ramp-up by the end of 2025. PT-FI is also developing the Kucing Liar ore body within the Grasberg district with a targeted commencement of production by 2030. Gold production also commenced at the new precious metals refinery in late 2024. Plans are in place to transition PT-FI’s existing energy source from coal to natural gas, which is expected to significantly reduce greenhouse gas emissions at Grasberg.FCX has a strong liquidity position and generates substantial cash flows, which allow it to finance its growth projects, pay down debt and drive shareholder value. It generated operating cash flows of around $1.1 billion in the first quarter of 2025. It has distributed $5 billion to its shareholders through dividends and share purchases since June 30, 2021. Freeport ended the first quarter with strong liquidity, including $4.4 billion in cash and cash equivalents, $3 billion in availability under the FCX revolving credit facility and $1.5 billion in availability under the PT-FI credit facility.FCX offers a dividend yield of roughly 0.8% at the current stock price. Its payout ratio is 22% (a ratio below 60% is a good indicator that the dividend will be sustainable), with a five-year annualized dividend growth rate of 21.8%. Backed by strong financial health, the company's dividend is perceived to be safe and reliable.Despite these positives, weak copper volumes may hurt FCX’s performance. Its copper production declined around 20% year over year to 868 million pounds in the first quarter. Copper sales fell 21% year over year in the quarter, adversely impacted by a major maintenance project in Indonesia. Freeport has provided a tepid consolidated copper volume outlook for 2025, which suggests flat to modestly lower volumes on a year-over-year basis. The lack of growth in copper volumes may affect the company’s performance in 2025. Retreating copper prices are also a concern for FCX. Weaker global manufacturing activities pose risks to copper demand. Copper demand is also likely to remain under pressure at least through the first half under the weight of tariffs.

The Case for BHP

BHP Group continues to strengthen its portfolio to focus on commodities, including copper, that will help it ride on growing global trends such as decarbonization and electrification. It is also making operations more efficient on the back of smart technology adoption across the entire value chain. BHP’s copper output climbed 10% year over year to 1,500 kilotons (kt) for the first nine-month period of fiscal 2025 (ended March 31, 2025). Production at Escondida, the world’s largest copper mine, was up 20% year over year to around 978 kt in the period. BHP expects copper production to be within the range of 1,845-2,045 kt in fiscal 2025, following a 15-year high production of 1,865 kt in fiscal 2024. The guidance indicates 4% growth at the midpoint. At Escondida, the integration of the Full SaL leaching project continues, with the project remaining on track for first production later in fiscal 2025. In Chile, the company has several key projects, which can grow copper production to average roughly 1.4 million tons per annum (Mtpa) through the 2030s. BHP is investing in its 100% owned Copper South Australia asset, focusing on all three operations. The company has announced smelter and refinery expansion at Olympic Dam, which is expected to take BHP’s copper production in South Australia from 322,000 tons in fiscal 2024 to more than 500,000 tons by early 2030s and 650,000 tons by mid-2030s. BHP and Lundin Mining, earlier this year, completed the acquisition of Filo Corp and formed a joint venture, Vicuña Corp., to hold the Filo del Sol and Josemaria copper projects. This will help advance one of the most significant copper discoveries globally in recent decades.BHP also has a 45% interest in the Resolution Copper Project in the United States, one of the largest undeveloped copper projects in the world. BHP expects these projects to deliver more than 2 Mtpa of attributable copper production by the mid-2030s.  In fiscal 2024, BHP’s net operating cash flow increased 11% year over year to $20.7 billion as a result of the higher underlying EBITDA. Net operating cash flow was $8.3 billion in the first half of fiscal 2025 (ended Dec. 31, 2024). BHP’s focus on lowering debt is also commendable. Aided by its strong cash flow, the company has reduced its long-term debt level considerably over the past few years. BHP’s net debt was $11.8 billion as of the end of the first half of fiscal 2025, within its target of $5-$15 billion. Its long-term debt-to-capitalization is 26.7% compared with FCX’s 23.4%. BHP also offers a dividend yield of roughly 4% at the current stock price. It has a five-year annualized dividend growth rate of -6.8%.On the flip side, BHP remains hamstrung by higher costs, including higher labor costs. BHP witnessed an effective inflation rate of around 10% in fiscal 2023 and 4% in fiscal 2024, predominantly due to higher labor costs. The continued tightness in the labor market remains a concern. Along with labor costs, some raw material costs, such as ammonia and natural rubber, went up in the first half of fiscal 2025 due to supply issues. Higher overall cost of mining production is expected to weigh on the company’s bottom line.

Price Performance and Valuation of FCX & BHP

The FCX stock is down 25.8% over the past year, while BHP has lost 16% compared with the Zacks Mining – Non Ferrous industry’s decline of 27.2%.

Zacks Investment Research

Image Source: Zacks Investment Research

FCX is currently trading at a forward 12-month earnings multiple of 20.65. This represents a roughly 4.9% premium when stacked up with the industry average of 19.68X.BHP is currently trading at a forward 12-month earnings multiple of 12.19, below FCX and the industry.

Zacks Investment Research

Image Source: Zacks Investment Research

How the Zacks Consensus Estimate Compares for FCX & BHP

The Zacks Consensus Estimate for FCX’s 2025 sales and EPS implies a year-over-year rise of 4.4% and 8.8%, respectively. The EPS estimates for 2025 have been trending lower over the past 60 days.

Zacks Investment Research

Image Source: Zacks Investment Research

The consensus estimate for BHP’s fiscal 2025 sales implies a year-over-year decline of 5.6%. The same for EPS suggests a 2.6% year-over-year increase. The EPS estimates for fiscal 2025 have been trending southward over the past 60 days.

Zacks Investment Research

Image Source: Zacks Investment Research

(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)

FCX or BHP: Which is a Better Pick?

Both FCX and BHP currently have a Zacks Rank #3 (Hold), so picking one stock is not easy. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Both Freeport and BHP present compelling investment cases. FCX is poised to gain from progress in expansion activities that will boost production capacity. Robust financial health allows FCX to invest in growth projects and drive shareholder value.  Strong cash generation, investment in growth projects and higher operational efficacy, aided by the adoption of technology, bode well for BHP Group amid headwinds from higher costs. FCX's higher earnings growth projections and healthy dividend growth rate suggest that it may offer better investment prospects in the current market environment. In addition, Freeport’s lower leverage suggests lesser financial risks. Investors seeking exposure to the copper mining space might consider FCX to be the more favorable option at this time.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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

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

Zacks Investment Research

The Australian market is facing a cautious start today, with the ASX 200 expected to open down by 0.89% amid concerns stemming from U.S. trade issues and recent volatility in global markets. In such uncertain times, investors might find opportunities in penny stocks—smaller or newer companies that can offer unique value propositions despite being an older term for investment areas. This article explores three penny stocks on the ASX that stand out for their financial resilience and potential growth, making them intriguing options for those looking to diversify beyond established names.

Top 10 Penny Stocks In Australia

Name	Share Price	Market Cap	Financial Health Rating
Lindsay Australia (ASX:LAU)	A$0.69	A$218.85M	★★★★☆☆
CTI Logistics (ASX:CLX)	A$1.80	A$144.98M	★★★★☆☆
Accent Group (ASX:AX1)	A$1.905	A$1.15B	★★★★☆☆
EZZ Life Science Holdings (ASX:EZZ)	A$1.56	A$73.59M	★★★★★★
IVE Group (ASX:IGL)	A$2.57	A$396.25M	★★★★★☆
GTN (ASX:GTN)	A$0.605	A$115.6M	★★★★★★
Bisalloy Steel Group (ASX:BIS)	A$3.57	A$169.4M	★★★★★★
Regal Partners (ASX:RPL)	A$2.16	A$726.11M	★★★★★★
Navigator Global Investments (ASX:NGI)	A$1.725	A$845.39M	★★★★★☆
Tasmea (ASX:TEA)	A$2.90	A$673.74M	★★★★★☆

Click here to see the full list of 999 stocks from our ASX Penny Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Aurelia Metals

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

Overview: Aurelia Metals Limited is involved in the exploration and production of mineral properties in Australia, with a market cap of A$524.70 million.

Operations: The company’s revenue is primarily derived from its mining operations, with A$5.98 million from the Hera Mine, A$245.13 million from the Peak Mine, and A$73.90 million from the Dargues Mine.

Market Cap: A$524.7M

Aurelia Metals has shown a significant turnaround by becoming profitable recently, with net income of A$17.95 million for the half year ending December 2024, compared to a prior net loss. The company’s operating cash flow covers its debt well, highlighting strong financial management. However, its Return on Equity remains low at 4.3%, and interest payments are not fully covered by EBIT. Despite these challenges, Aurelia’s stock is trading significantly below estimated fair value and has not seen meaningful shareholder dilution recently. Recent presentations at industry events may also enhance investor visibility and confidence in future prospects.

• Unlock comprehensive insights into our analysis of Aurelia Metals stock in this financial health report.

• Gain insights into Aurelia Metals’ outlook and expected performance with our report on the company’s earnings estimates.

ASX:AMI Financial Position Analysis as at May 2025Bravura Solutions

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

Overview: Bravura Solutions Limited develops, licenses, and maintains software applications for the wealth management and funds administration sectors across Australia, the United Kingdom, New Zealand, and internationally, with a market cap of A$959.36 million.

Operations: Bravura Solutions generates revenue from its software applications for wealth management and funds administration, with significant contributions from Australia, the United Kingdom, New Zealand, and other international markets.

Market Cap: A$959.36M

Bravura Solutions has recently become profitable, supported by a strong balance sheet with no debt and short-term assets exceeding liabilities. The company is trading at a favorable value compared to peers, with a Price-to-Earnings ratio of 13.4x versus the broader Australian market’s 17.9x. Despite this, earnings are forecast to decline over the next three years by an average of 18.3% annually. The board’s inexperience may pose challenges as it adapts to leadership changes following the appointment of an interim CEO in April 2025 after being dropped from the S&P/ASX Emerging Companies Index in March.

• Take a closer look at Bravura Solutions’ potential here in our financial health report.

• Learn about Bravura Solutions’ future growth trajectory here.

ASX:BVS Financial Position Analysis as at May 2025Dimerix

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

Overview: Dimerix Limited is an Australian biopharmaceutical company focused on developing and commercializing pharmaceutical products for unmet medical needs, with a market cap of A$339.37 million.

Operations: Dimerix generates revenue primarily from its biotechnology segment, amounting to A$0.74 million.

Market Cap: A$339.37M

Dimerix is a pre-revenue biopharmaceutical company with a market cap of A$339.37 million, focusing on unmet medical needs. Despite its unprofitability and increased losses over the past five years, Dimerix’s recent developments include an exclusive U.S. licensing agreement with Amicus Therapeutics for DMX-200, a Phase 3 drug candidate for FSGS kidney disease. The company’s short-term assets cover both short and long-term liabilities, providing some financial stability despite less than one year of cash runway if free cash flow continues to decline at historical rates. The board and management are considered experienced, which may aid in navigating future challenges.

• Get an in-depth perspective on Dimerix’s performance by reading our balance sheet health report here.

• Review our historical performance report to gain insights into Dimerix’s track record.

ASX:DXB Financial Position Analysis as at May 2025Make It Happen

• Click here to access our complete index of 999 ASX Penny Stocks.

• Curious About Other Options? Explore 22 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:AMI ASX:BVS and ASX:DXB.

This article was originally published by Simply Wall St.

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

With the business potentially at an important milestone, we thought we'd take a closer look at Andromeda Metals Limited's (ASX:ADN) future prospects. Andromeda Metals Limited operates as a mineral exploration company in Australia. With the latest financial year loss of AU$7.3m and a trailing-twelve-month loss of AU$5.4m, the AU$38m market-cap company alleviated its loss by moving closer towards its target of breakeven. As path to profitability is the topic on Andromeda Metals' investors mind, we've decided to gauge market sentiment. In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

According to some industry analysts covering Andromeda Metals, breakeven is near. They anticipate the company to incur a final loss in 2026, before generating positive profits of AU$34m in 2027. The company is therefore projected to breakeven around 2 years from today. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 104%, which is extremely buoyant. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict.

ASX:ADN Earnings Per Share Growth May 21st 2025

Given this is a high-level overview, we won’t go into details of Andromeda Metals' upcoming projects, but, bear in mind that by and large a metal and mining business has lumpy cash flows which are contingent on the natural resource mined and stage at which the company is operating. This means, large upcoming growth rates are not abnormal as the company is beginning to reap the benefits of earlier investments.

See our latest analysis for Andromeda Metals

Before we wrap up, there’s one aspect worth mentioning. Andromeda Metals currently has no debt on its balance sheet, which is rare for a loss-making metals and mining company, which typically has high debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company.

Next Steps:

This article is not intended to be a comprehensive analysis on Andromeda Metals, so if you are interested in understanding the company at a deeper level, take a look at Andromeda Metals' company page on Simply Wall St. We've also compiled a list of essential aspects you should look at:

Historical Track Record: What has Andromeda Metals' performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Andromeda Metals' board and the CEO’s background.

Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

• UK (UKEF) and Finish (FINNVERA) export credit agencies have expressed their interest to support the Guben Lithium Converter project with up to EUR 150 million in credit guarantees.

• In addition to the proposed senior debt tranche from the European Investment Bank (EIB), Export Credit Agency (ECA) support represents a vital component of the debt financing structure for large-scale infrastructure projects like the Guben Converter.

• Amidst market turmoil and Lithium price uncertainty Rock Tech's Guben Converter – a strategic project under the EU's Critical Raw Materials Act – remains the largest committed stand-alone Lithium refinery project in Europe.

TORONTO, May 21, 2025 /PRNewswire/ – Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce it has received up to EUR 150m in government-backed support from export credit agencies via conditional, non-binding expressions of interest. Specifically, UK Export Finance (UKEF) and the Finnish export credit agency (Finnvera) have expressed their interest to support the Guben Converter. In addition, discussions with further export credit agencies from Europe, Australia and China are ongoing to support the procurement of key equipment items from these countries. ECA support will be additional to the proposed European Investment Banks's (EIB) senior debt tranche of EUR 150 million (as announced by the Company in a previous press release).

RCK announces ECA support. (CNW Group/Rock Tech Lithium Inc.)

"We welcome the strong backing from Export Credit Agencies in supporting the Guben Converter project. Their engagement reflects confidence in our vision, the business case and the strategic importance of this facility for Europe's green energy transition," says Chris Wright, Rock Tech's CFO.

In detail, the debt financing will benefit from the project's European sourcing scheme, making the project eligible for credit guarantees from major European export credit agencies. Large packages for supplies and services are to be contracted with business & procurement partners based in United Kingdom and Finland, and other EU countries. Subject to the due diligence being completed concurrently in accordance with their policies and applicable OECD consensus guidelines by the lending consortium and the ECAs, UKEF and Finnvera have expressed their initial interest in supporting the project via guarantees towards the lenders.

About the Guben Converter

The Guben Lithium Converter is a pioneering facility in Guben, Brandenburg, Germany, by the German-Canadian company Rock Tech Lithium Inc. This plant is set to become Europe's first commercial lithium hydroxide refinery, aiming to produce 24,000 tonnes of battery-grade lithium hydroxide annually—enough to supply over 500,000 electric vehicles per year.

Strategically located near major automotive and battery manufacturing hubs the Guben Converter is designed to strengthen Europe's battery supply chain by processing spodumene concentrate secured via leading trading partner C&D Logistics (Qingdao) Co., Ltd. The Converter will utilize advanced crystallization technologies, supplied by GEA Group AG, to ensure high-purity lithium production with minimal environmental impact. The leading international engineering firm Worley Ltd. has been selected as construction partner (EPCM) for the plant.

Recognized as a strategic project under the EU's Critical Raw Materials Act, the Guben Converter underscores Europe's commitment to securing essential materials for the energy transition. The project is expected to create approximately 200 jobs and represents a significant step toward regionalizing and decarbonizing the lithium supply chain in Europe.

On behalf of the Management

Mirco WojnarowiczCEO, Rock Tech Lithium Inc.

ABOUT ROCK TECH

Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION

Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information pertaining to: the intended use of proceeds from the Offering and allocation thereof; listing of the Unit Shares on the TSX-V, including obtaining the final acceptance of the TSX-V; the results of the due diligence and decision of the ECA and EIB; discussions with strategic and financial investors to explore potential opportunities for investments directly at the project level, including the Company's converter projects in Germany and Canada and the Georgia Lake Project; and Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects, and plans and objectives of management for the Company's operations and properties. Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. Forward-looking information is derived utilizing numerous assumptions regarding, among other things: the satisfaction of the conditions to obtain final acceptance of the TSX-V approval for the listing of the Unit Shares on the TSX-V; the supply and demand for, deliveries of, and the level and volatility of prices of, feedstock and intermediate and final lithium products; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; expected growth, performance and business operations; future commodity prices and exchange rates; prospects, growth opportunities and financing available to the Company; general business and economic conditions; the costs and results of exploration, development and operating activities; Rock Tech's ability to procure supplies and other equipment necessary for its business; and the accuracy and reliability of technical data, forecasts, estimates and studies. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect and should not be read as a guarantee of future performance or results. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.

NEITHER THE 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 RELEASE.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-receives-eur-150-million-in-letters-of-support-for-guben-converter-302461759.html

SOURCE Rock Tech Lithium Inc.

Written by Amy Legate-Wolfe at The Motley Fool Canada

Sometimes, it’s not about having thousands to invest; it’s about making the most of what you’ve got. And right now, if you’re sitting on $200 and wondering where to put it, Teck Resources (TSX:TECK.B) stands out as one of the smartest picks on the TSX. This stock isn’t just about mining; it’s about the future of global infrastructure, clean energy, and resilient Canadian industry.

About Teck

Teck is one of Canada’s largest diversified resource companies. Its focus is on copper, zinc, steelmaking coal, and energy. But it’s copper that has the market’s attention. With the global shift toward electrification, copper is in high demand. It’s a key component in electric vehicles (EVs), renewable energy systems, and just about every infrastructure project that aims to be more sustainable. Teck is well positioned in this space, and that gives it a unique advantage over more traditional mining stocks.

As of writing, Teck’s had a decent rebound from the lows earlier this year, but it’s still down more than 25% from its 52-week high of $74.15. This gap between its current price and historical peak is where the opportunity lies. Analysts currently have a 12-month average price target of $71.94. That would mean a potential upside of nearly 36%. With $200, you could pick up almost four shares and still have some change left over. That’s a small but meaningful stake in a company with big potential.

Into earnings

Looking at the most recent earnings, Teck had a strong start to 2025. In the first quarter, it reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $927 million, which was more than double what it posted during the same period last year. Adjusted profit came in at $303 million, or $0.60 per share. This growth was largely driven by stronger commodity prices, especially copper and zinc, as well as higher production volumes.

Teck’s copper output was particularly strong, increasing 7% year over year to 106,100 tonnes. Its Quebrada Blanca mine in Chile was a big contributor to that, producing 42,300 tonnes despite dealing with a national power outage and some rough weather. The ability to meet or exceed production targets under difficult conditions speaks volumes about Teck’s operations and management.

More to come

But the story doesn’t end with production. Teck has been returning capital to shareholders aggressively. Between January and April 2025, it bought back $505 million worth of shares. That’s part of a broader $3.25 billion buyback plan, of which $1.75 billion has now been completed. In an uncertain market, share buybacks can signal that management believes the stock is undervalued and wants to reward long-term holders.

Teck’s future looks even more promising when you consider its strategic direction. The Canadian stock continues to divest from its steelmaking coal business, moving to become more focused on metals that are critical to a low-carbon economy. This shift isn’t just good for optics; it aligns Teck with some of the most powerful investment themes of the decade. Copper and zinc are already seeing surging demand, and that demand is expected to continue climbing. By focusing on these areas, Teck is putting itself in the right place at the right time.

Bottom line

So, what does all this mean for a $200 investment? It means you’re not just buying a mining stock; you’re buying a piece of the global energy transition. You’re getting exposure to some of the most important materials of the next decade. You’re also getting a Canadian stock that has proven its ability to grow earnings, return value to shareholders, and adapt to changing markets.

And let’s be honest: part of smart investing is knowing when something good is trading at a discount. Teck may not stay this cheap for long. The market has already started to catch on, but there’s still time to buy in before it pushes higher. For those looking to start small but think big, Teck Resources might just be the smartest Canadian stock to pick up with $200 right now.

The post The Smartest Canadian Stock to Buy Right Now With $200 appeared first on The Motley Fool Canada.

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2025

Brisbane, Queensland, Australia–(Newsfile Corp. – May 21, 2025) – Graphene Manufacturing Group Limited (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that the board of directors of GMG have approved the investment of AU$900k for the early works of an expected 10 tonne per annum Gen 2.0 Graphene Manufacturing Technology plant (the "Gen 2.0 Plant") for an estimated AU$2.3 million total capital cost. This expenditure was largely included in the proposed use of proceeds for the March 2025 Bought Deal Financing of C$5,796,000.

The Gen 2.0 Plant will be built at the existing natural gas to graphene production plant at its manufacturing facility in Richlands, Queensland, Australia. The early works include the procurement of long lead items and commencement of engineering and design works.

The Gen 2.0 Plant is expected to be online by end of June 2026, with production limited to 1 tonne per annum until further work is completed on upgrading packaging systems expected shortly thereafter. The final project is expected to be largely self-powered from standalone energy generation from renewable sources, energy storage system and hydrogen enriched natural gas tail gas power generation. The final project is also expected to include a semi-autonomous bulk graphene packaging system.

Figure 1: GMG Headquarters Layout 

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252902_graphene1en.jpg

The Gen 2.0 Plant is based on the GMG plasma technology, Figure 2, with which the Company has been making graphene for over seven years. However, the Gen 2.0 Plant will utilize newly iterated technology which is expected to produce up to 20 times more production per unit than the previous technology. This new technology is expected to deliver:

• a substantial reduction in capital cost per tonne of production capacity

• a substantial reduction in cost of goods per kilogram produced

• an increase in quality of the graphene materials produced

Figure 2: Artistic Image of Natural Gas to Graphene Plasma

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252902_f96ceb0e94ebf96d_017full.jpg

The details of the proposed Gen 2.0 Plant are as follows:

• Technology is based on ongoing development of GMG's plasma technology which splits natural gas into graphene and hydrogen gas and captures the graphene nanoplatelets.

• Automation is expected to allow for repeatable graphene quality, high plant reliability and lower requirement for operator activities.

• The graphene production technology is expected to be able to make the different graphene required for GMG's end products – including THERMAL-XR®, G® LUBRICANT, SUPA G® and the Graphene Aluminium Ion Battery.

• This type of new technology production plant can be built in various locations around the world, for example in North America where natural gas cost is low and abundantly available, significantly reducing the cost of the graphene. At scale the GMG graphene production process will produce large amounts of hydrogen as well.

GMG's Managing Director and CEO, Craig Nicol, commented: "We are very excited to move ahead with our next generation technology for graphene production – it is a significant milestone for the company. We expect to see better quality graphene at even lower costs and much higher production rates."

GMG's Chairman and Director, Jack Perkowski, commented: "This is the next exciting step before we look to expand to likely North American based expansion plants – where "cookie-cutter" projects can be rolled out with only minor changes for production expansion with lower cost gas and other benefits being in the North American market."

About GMG:

GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.

GMG's 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes

Build Revenue from Energy Savings Products

Develop Next-Generation Battery

Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

• Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223

• Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, expectations for the graphene production capacity and timing of construction of the Gen 2.0 Plant, temporary production volumes pending upgrading packaging systems, the use and benefits of the new technology to be deployed at the Gen 2.0 Plant, including on production efficiency and end products, largely self-powered from standalone energy generation, the implications of automation at the Gen 2.0 Plant, the semi-autonomous bulk graphene packaging system, the mobility of this type of production plant and the ability to benefit from geographic natural gas price variability and expectations for better quality graphene, lower costs and higher production at the Gen 2.0 Plant.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation that G Lubricant has the potential to optimize efficiency and power for stationary or mobile engines, that G Lubricant has the potential to reshape the future of the global liquid fuels industry, that GMG will commercialize and market G Lubricant, that the Company's patent applications will progress as anticipated, and that the potential market and revenue available for G Lubricant will be as currently forecasted. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that G Lubricant will not offer an innovative solution that optimizes efficiency and power for stationary or mobile engines, that G Lubricant will not reshape the future of the global liquid fuels industry, that GMG will commercialize and market G Lubricant as anticipated, that the Company's patent applications will not progress as currently anticipated, that the potential market and revenue available for the G Lubricant product is not as currently calculated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252902

In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. We regret to report that long term BHP Group Limited (ASX:BHP) shareholders have had that experience, with the share price dropping 19% in three years, versus a market return of about 27%.

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

Our free stock report includes 2 warning signs investors should be aware of before investing in BHP Group. Read for free now.

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

During the three years that the share price fell, BHP Group's earnings per share (EPS) dropped by 11% each year. In comparison the 7% compound annual share price decline isn't as bad as the EPS drop-off. So the market may not be too worried about the EPS figure, at the moment — or it may have previously priced some of the drop in.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

ASX:BHP Earnings Per Share Growth May 20th 2025

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. This free interactive report on BHP Group's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for BHP Group the TSR over the last 3 years was 10%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

While the broader market gained around 8.2% in the last year, BHP Group shareholders lost 12% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 12%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand BHP Group better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for BHP Group (of which 1 is potentially serious!) you should know about.

BHP Group is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Brisbane, Queensland, Australia–(Newsfile Corp. – May 20, 2025) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the launch of website www.g-lubricant.com to facilitate direct sale of its energy saving graphene liquid concentrate G® Lubricant, that enhances the performance of diesel and gasoline (petrol) engines. The launch of the website is with a new animation video promoting the ease and benefits of G-Lubricant (Figure 1).

Figure 1: www.G-Lubricant.com launch animation videoTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_gmg4!.jpg

Unleashing the Power of Graphene

G® Lubricant is a graphene liquid concentrate that can be added to any mineral or synthetic oil used in an internal combustion engine. The amount of graphene in the final lubricant once G® Lubricant is added in is only ~ 1:10,000, with the balance of the concentrate consisting of lubricating base oil. As a result, G® Lubricant can be used safely in any internal combustion engine. Over the past four years, GMG has conducted environmentally controlled testing of G® Lubricant in internal combustion engines monitored and verified by The University of Queensland. In those tests, G® Lubricant has been shown to increase fuel efficiency by up to 8.4% in those diesel engines tested. GMG's test results have been corroborated by similar savings realized by customers over a number of years of field testing in diesel and gasoline/petrol engines.

G® Lubricant is currently sold by GMG in different pack sizes on the direct marketing website including a 500 ml litre pack and 8 x 50 ml packs, which can be used to dose 50 litres of engine oil and 8 x 5 liters of engine oil, respectively, to provide improved engine performance. GMG intends to direct market the product to its targeted markets through various pack sizes for direct and bulk use to create awareness of the product and its benefits.

In addition, the Company is discussing global sales with potential distributors in different geographic areas and different original equipment manufacturers.

Further G® Lubricant Performance Tests

GMG carried out further G® Lubricant testing in mid May 2025 – this time in its Company van which was recently professionally serviced – a Mercedes Vito on a third party dyno testing facility (Figure 4) with diesel engine exhaust emissions testing as well (Figure 5).

The performance testing showed demonstrated that the diesel engine van running at approximately 2500 rpm, 100 km/hr with approximately 400 Nm torque, the G® Lubricant provided approximately 13% of fuel savings (Figure 2) and a reduction of harmful NOx exhaust emissions of 27% (Figure 3) compared to testing under similar conditions without the use of any G® Lubricant.

A second dose of G® Lubricant was added to achieve these results due to the age and condition of the engine which has over 360,000 km of use – hence the total amount of graphene per engine oil was 0.02% (2 in 10,000) by weight – there was a total of 160 ml (2 x 80 ml) of G Lubricant added to the 8 litres of engine oil.

Figure 2: Fuel Efficiency Performance Increase from G-LubricantTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_gmg1!.jpg

Figure 3: NOx Emissions Performance Increase from G-LubricantTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_gmg2.jpg

Figure 4: GMG Company Van in Performance Testing with G-LubricantTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_b0364e8ec47ab84d_011full.jpg

Figure 5: Dyno Testing Equipment with Emissions TestingTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_gmg3.jpg

About GMG:

GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.

GMG's 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes

Build Revenue from Energy Savings Products

Develop Next-Generation Battery

Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

• Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223

• Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the ability of G® Lubricant to enhance the performance of diesel and gasoline engines, the amount of G® Lubricant necessary to achieve performance improvements, the safety of G® Lubricant and GMG's intentions to direct market and use new distributors for global sales of G® Lubricant.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation that G® Lubricant has the potential to optimize efficiency and power for stationary or mobile engines, that G® Lubricant has the potential to reshape the future of the global liquid fuels industry, that GMG will commercialize and market G® Lubricant, that the Company's patent applications will progress as anticipated, and that the potential market and revenue available for G® Lubricant will be as currently forecasted. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that G® Lubricant will not offer an innovative solution that optimizes efficiency and power for stationary or mobile engines, that G® Lubricant will not reshape the future of the global liquid fuels industry, that GMG will commercialize and market G® Lubricant as anticipated, that the Company's patent applications will not progress as currently anticipated, that the potential market and revenue available for the G® Lubricant product is not as currently calculated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252715

The Australian market is poised for a positive start, with the ASX200 expected to rise over one percent, reflecting a broader trend of cautious optimism amid mixed signals from Wall Street. In this environment, growth companies with high insider ownership can be particularly appealing as they often signal strong internal confidence and alignment with shareholder interests, making them noteworthy contenders in any investment strategy focused on potential earnings expansion.

Top 10 Growth Companies With High Insider Ownership In Australia

Name	Insider Ownership	Earnings Growth
Alfabs Australia (ASX:AAL)	10.8%	41.3%
Acrux (ASX:ACR)	15.5%	106.9%
Cyclopharm (ASX:CYC)	11.3%	97.8%
Fenix Resources (ASX:FEX)	21.1%	53.4%
Brightstar Resources (ASX:BTR)	11.6%	98.8%
Newfield Resources (ASX:NWF)	31.5%	72.1%
Echo IQ (ASX:EIQ)	19.8%	65.9%
Plenti Group (ASX:PLT)	12.7%	89.6%
Image Resources (ASX:IMA)	20.6%	79.9%
BETR Entertainment (ASX:BBT)	38.6%	121.8%

Click here to see the full list of 99 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

We’re going to check out a few of the best picks from our screener tool.

Aurelia Metals

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Aurelia Metals Limited is involved in the exploration and production of mineral properties in Australia, with a market capitalization of A$533.16 million.

Operations: The company’s revenue is primarily derived from its operations at the Peak Mine (A$245.13 million), followed by the Dargues Mine (A$73.90 million) and the Hera Mine (A$5.98 million).

Insider Ownership: 23.9%

Earnings Growth Forecast: 45.3% p.a.

Aurelia Metals’ earnings are forecast to grow significantly at 45.3% annually, outpacing the Australian market’s 11.7%. The company’s revenue is expected to increase by 14.6% per year, surpassing the market average of 5.5%. Trading at a substantial discount to its estimated fair value, Aurelia recently became profitable and reported A$17.95 million in net income for H1 2024-25, reversing a prior loss. Insider buying has been substantial with no significant selling recently noted.

• Click to explore a detailed breakdown of our findings in Aurelia Metals’ earnings growth report.

• Our comprehensive valuation report raises the possibility that Aurelia Metals is priced higher than what may be justified by its financials.

ASX:AMI Earnings and Revenue Growth as at May 2025IperionX

Simply Wall St Growth Rating: ★★★★★★

Overview: IperionX Limited focuses on the exploration and development of mineral properties in the United States, with a market capitalization of A$1.02 billion.

Operations: IperionX Limited does not currently report any revenue segments.

Insider Ownership: 19.3%

Earnings Growth Forecast: 78.1% p.a.

IperionX is poised for significant growth with a forecasted revenue increase of 86.2% annually, surpassing the Australian market’s average. Despite currently generating less than US$1 million in revenue, insider buying has been substantial without notable selling. Recent U.S. government funding supports its Titan Project and titanium production expansion, enhancing its strategic position in critical minerals supply chains. Although shareholders experienced dilution last year, IperionX trades significantly below estimated fair value and aims for profitability within three years.

• Navigate through the intricacies of IperionX with our comprehensive analyst estimates report here.

• According our valuation report, there’s an indication that IperionX’s share price might be on the expensive side.

ASX:IPX Ownership Breakdown as at May 2025Titomic

Simply Wall St Growth Rating: ★★★★★★

Overview: Titomic Limited provides manufacturing and technology solutions for high-performance metal additive manufacturing across Australia, the United States, and Europe, with a market cap of A$410.99 million.

Operations: The company’s revenue segment is primarily from the development and sale of additive manufacturing technology, amounting to A$7.44 million.

Insider Ownership: 11.2%

Earnings Growth Forecast: 77.2% p.a.

Titomic is set for substantial growth, with revenue forecasted to increase by 52.3% annually, outpacing the Australian market. Despite a volatile share price and past shareholder dilution, Titomic’s insider ownership remains stable without significant recent trading activity. Recent strategic appointments in the U.S., particularly Kirk Pysher as SVP of Manufacturing, aim to bolster its capabilities in key sectors like aerospace and defense. The company anticipates profitability within three years, driven by advanced manufacturing technologies.

• Click here to discover the nuances of Titomic with our detailed analytical future growth report.

• The analysis detailed in our Titomic valuation report hints at an inflated share price compared to its estimated value.

ASX:TTT Ownership Breakdown as at May 2025Taking Advantage

• Take a closer look at our Fast Growing ASX Companies With High Insider Ownership list of 99 companies by clicking here.

• Interested In Other Possibilities? Outshine the giants: these 28 early-stage AI stocks could fund your retirement.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

Companies discussed in this article include ASX:AMI ASX:IPX and ASX:TTT.

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

 /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

OTTAWA, ON, May 16, 2025 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that it has closed its previously announced (April 23, 2025) non-brokered, private placement of 7,500,000 units for total proceeds of $300,000 (the "Offering").

The Offering was comprised of 7,500,000 units ("Units") at $0.04 per Unit, with each Unit consisting of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant") for aggregate gross proceeds of $300,000. Each Warrant is exercisable for one Common Share at a price of $0.10 per share within 24 months of closing.

Proceeds from the Offering, together with the $500,500 in proceeds from the Company's previously completed offering of flow-through and non-flow through units that closed on April 22, 2025, will be used for exploration expenses at the Root & Cellar Property focussed on a diamond drill program at the Conquest Zone to commence on or around June 10, 2025. A drill contract has been signed with MCL Drilling of Deer Lake, Newfoundland.

We are excited to be starting this, pivotal, 3,000m drill program, on the Conquest Zone at Root & Cellar. This drilling program follows up on the 2023 program that identified the sinter and outflow zone, marking the top of an epithermal gold / silver system. It is unusual to see significant gold mineralization at the sinter level, and the visible gold found in the 2023 drilling and trenching programs, bodes well for what may exist at greater depth in the boiling zone where higher grades that are characteristic of low sulphidation systems, are expected. 3D modelling of the magnetic low underlying the Conquest Zone shows a compelling visualization of the epithermal system, with the sinter coinciding with the top of a "branch" that extends to approximately 800m depth"

"Epithermal gold systems are renowned for their high grades of gold and silver grades but a select few of them are also very large. Grab samples with values up to 111 g/t Au, 1,385 g/t Ag, 700 ppm Te and 10.5% Cu, (see Company news release, May 21, 2019, and September 7, 2022) show the high-grade potential at Root & Cellar, however the multiple datasets generated are also suggestive of a very large system."

What makes the Root & Cellar property even more attractive is its location on the Burin Peninsula, 10-minute drive from a paved highway and deep-water port and accessible by car. When geologists think of large-scale epithermal gold and porphyry copper systems, Newfoundland is not top of mind; however, "out of the box" thinking and innovation have led us to a significant Au-Ag-Te discovery at Root & Cellar. When it comes to greenfield exploration for large, blind, epithermal systems, we don't believe the evidence or location gets better than this."

– Ian Bliss, President and CEO, Northern Shield

Closing of the Offering is subject to certain customary conditions, including, without limitation, final approval of the TSX Venture Exchange ("TSXV"), and all of the securities issued under the Offering will be subject to a four-month and one-day statutory hold period.

Technical information in this news release was reviewed and approved by Christine Vaillancourt, P.Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101.

None of the securities sold in connection with the Offering have or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any applicable state securities laws and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

About Northern Shield ResourcesNorthern Shield Resources Inc. is a Canadian-based company known as a leader in generating high-quality exploration targets that views greenfield exploration as an opportunity to find a mineable deposit, near surface, and at relatively low cost. We implement a model driven exploration approach to reduce the risk associated with early-stage projects for ourselves, our shareholders, and the environment. This approach led us to option the Root & Cellar Property from a Newfoundland prospector, who discovered the mineralization, and then its advancement to a large gold-silver-tellurium system.

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 Statement Regarding Forward-Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the Offering, the expectations of management regarding the closing of additional tranches, the use of proceeds of the Offering, closing conditions for the Offering, and TSXV final approval of the Offering. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the TSXV may not provide final approval of the Offering; the proceeds of the Offering may not be used as stated in this news release; the Company may be unable to satisfy all of the conditions to the closing required by the TSXV. The forward-looking information contained herein is given as of the date hereof, and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

3D image of the magnetic low that underlies the Conquest Zone, Root & Cellar Property (CNW Group/Northern Shield Resources Inc.)

SOURCE Northern Shield Resources Inc.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/16/c8706.html

Virtual Investor Conferences

NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Precious Metals & Critical Minerals Hybrid Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to attend.

This in-person and virtual event will showcase live company presentations and interactive discussions featuring Precious Metals and Critical Minerals including Gold, Silver, Antimony, Copper, Lithium, Nickel, PGM, Rare Earth Elements, Uranium and Vanadium.   Company executives and industry experts will present live from the OTC Markets Group headquarters at 300 Vesey Street in New York City. All presentations will be broadcast to the Virtual Investor Conferences community. For those who are interested in attending, there are two ways to register:

Register for IN-PERSON attendance: register here        Register for ONLINE attendance: register here

For individuals joining online, it is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to attend and schedule 1×1 meetings with management.

“OTC Markets is proud to host the Precious Metals & Critical Minerals Hybrid Investor Conference, presented in collaboration with Murdock Capital, TAA Advisory LLC, The Prospector, and Resource World,” said John Viglotti, SVP of Corporate Services, Investor Access at OTC Markets Group. “We are especially honored to welcome our distinguished keynote speakers, Jeff Christian, Managing Partner at CPM Group, and Jack Lifton, Senior Advisor at Energy Fuels, Inc., whose insights will be invaluable to this premier industry event.”

May 22nd

EasternTime (ET)	Presentation	Ticker(s)
9:00 AM	Keynote Presentation: “What’s next for precious metals?”-Jeff Christian, Managing Partner of CPM Group
9:30 AM	Viva Gold Corp.	(OTCQB: VAUCF | TSXV: VAU)
10:00 AM	StrikePoint Gold, Inc.	(OTCQB: STKXF | TSXV: SKP)
10:45 AM	Honey Badger Silver Inc.	(OTCQB: HBEIF | TSXV: TUF)
11:15 AM	Relevant Gold Corp.	(OTCQB: RGCCF | TSXV: RGC)
12:30 PM	Keynote Presentation: “Surveying the Critical Minerals Landscape,”–Jack Lifton, Senior Advisor, Energy Fuels, Inc.
1:00 PM	Azimut Exploration Inc.	(OTCQX: AZMTF | TSXV: AZM)
1:30 PM	Energy Fuels Inc.	(NYSE American: UUUU | TSX: EFR)
2:00 PM	Lion & Copper Gold Corp.	(OTCQB: LCGMF | CSE: LEO)
2:45 PM	Alaska Silver Corp.	(Pink: WAMFF |TSXV: WAM)
3:15 PM	Cygnus Metals Ltd.	(OTCQB: CYGGF |TSXV: CYG)
3:45 PM	Power Metallic Mines Inc.	(OTCQB: PNPNF |TSXV: PNPN)

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

About Virtual Investor Conferences®

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

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

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

Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@otcmarkets.com

Bunker Hill Mining (BNKR.V) said Friday afternoon that it has secured US$10.3 million in funding to

As trade tensions ease and central banks maintain cautious stances on interest rates, the Canadian market is navigating a period of economic uncertainty with mixed signals from key sectors. In this environment, identifying undervalued stocks can be an effective strategy for investors seeking opportunities that may benefit from improved trade relations and stable monetary policies.

Top 10 Undervalued Stocks Based On Cash Flows In Canada

Name	Current Price	Fair Value (Est)	Discount (Est)
Whitecap Resources (TSX:WCP)	CA$8.52	CA$14.65	41.9%
Docebo (TSX:DCBO)	CA$36.92	CA$58.91	37.3%
Badger Infrastructure Solutions (TSX:BDGI)	CA$45.46	CA$77.01	41%
Aris Mining (TSX:ARIS)	CA$7.91	CA$13.10	39.6%
Groupe Dynamite (TSX:GRGD)	CA$14.57	CA$27.98	47.9%
VersaBank (TSX:VBNK)	CA$15.47	CA$30.59	49.4%
TerraVest Industries (TSX:TVK)	CA$165.27	CA$291.41	43.3%
Laurentian Bank of Canada (TSX:LB)	CA$27.63	CA$43.76	36.9%
Journey Energy (TSX:JOY)	CA$1.55	CA$3.04	49%
Aya Gold & Silver (TSX:AYA)	CA$10.59	CA$20.35	48%

Click here to see the full list of 24 stocks from our Undervalued TSX Stocks Based On Cash Flows screener.

We’re going to check out a few of the best picks from our screener tool.

Aya Gold & Silver

Overview: Aya Gold & Silver Inc. is involved in the exploration, evaluation, and development of precious metals projects in Morocco and has a market cap of CA$1.36 billion.

Operations: The company’s revenue is primarily derived from the production at the Zgounder Silver Mine in Morocco, amounting to $67.87 million.

Estimated Discount To Fair Value: 48%

Aya Gold & Silver appears undervalued, trading at CA$10.59, significantly below its estimated fair value of CA$20.35. Recent financial results show robust growth, with Q1 2025 sales reaching US$33.83 million compared to US$5.08 million a year earlier and a net income turnaround to US$6.93 million from a loss of US$2.54 million the previous year. Additionally, Aya secured a US$25 million credit facility for its Boumadine project, enhancing financial flexibility and supporting future growth initiatives in Morocco.

• Our earnings growth report unveils the potential for significant increases in Aya Gold & Silver’s future results.

• Click here to discover the nuances of Aya Gold & Silver with our detailed financial health report.

TSX:AYA Discounted Cash Flow as at May 2025Teck Resources

Overview: Teck Resources Limited is involved in the research, exploration, development, processing, smelting, refining, and reclamation of mineral properties across Asia, the Americas, and Europe with a market cap of CA$25.83 billion.

Operations: Teck Resources generates revenue primarily from its zinc segment, amounting to CA$3.76 billion, and copper segment, totaling CA$5.97 billion.

Estimated Discount To Fair Value: 27.6%

Teck Resources is trading at CA$50.97, significantly below its estimated fair value of CA$70.42, suggesting undervaluation based on cash flows. The company’s earnings are forecast to grow by 31.81% annually, with revenue expected to outpace the Canadian market at 4.7% per year. Recent Q1 2025 results showed sales of CA$2.29 billion and net income of CA$370 million, reflecting solid financial performance despite a low forecasted return on equity of 4.1%.

• Our expertly prepared growth report on Teck Resources implies its future financial outlook may be stronger than recent results.

• Unlock comprehensive insights into our analysis of Teck Resources stock in this financial health report.

TSX:TECK.B Discounted Cash Flow as at May 2025Whitecap Resources

Overview: Whitecap Resources Inc. is involved in the acquisition, development, and production of petroleum and natural gas properties in Western Canada, with a market cap of CA$10.82 billion.

Operations: The company’s revenue primarily comes from its oil and gas exploration and production segment, generating CA$3.41 billion.

Estimated Discount To Fair Value: 41.9%

Whitecap Resources, trading at CA$8.52, is significantly undervalued with an estimated fair value of CA$14.65, suggesting potential based on cash flows. Earnings are forecast to grow 19% annually, outpacing the Canadian market’s 12%. Despite high dividend yields not fully covered by free cash flows and recent shareholder dilution, the company announced a substantial share buyback program and strategic merger with Veren Inc., enhancing its production capabilities and shareholder value prospects.

• The analysis detailed in our Whitecap Resources growth report hints at robust future financial performance.

• Click here and access our complete balance sheet health report to understand the dynamics of Whitecap Resources.

TSX:WCP Discounted Cash Flow as at May 2025Taking Advantage

• Click through to start exploring the rest of the 21 Undervalued TSX Stocks Based On Cash Flows now.

• Shareholder in one or more of these companies? Ensure you’re never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.

• Streamline your investment strategy with Simply Wall St’s app for free and benefit from extensive research on stocks across all corners of the world.

Seeking Other Investments?

• Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.

• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:AYA TSX:TECK.B and TSX:WCP.

This article was originally published by Simply Wall St.

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

Key Insights

• Freeport-McMoRan's estimated fair value is US$55.63 based on 2 Stage Free Cash Flow to Equity

• Freeport-McMoRan's US$38.47 share price signals that it might be 31% undervalued

• Analyst price target for FCX is US$44.07 which is 21% below our fair value estimate

Today we will run through one way of estimating the intrinsic value of Freeport-McMoRan Inc. (NYSE:FCX) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.

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. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

What's The Estimated Valuation?

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. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:

10-year free cash flow (FCF) forecast

	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Levered FCF ($, Millions)	US$2.47b	US$4.39b	US$6.20b	US$5.98b	US$5.10b	US$4.62b	US$4.35b	US$4.21b	US$4.15b	US$4.14b
Growth Rate Estimate Source	Analyst x8	Analyst x7	Analyst x6	Analyst x2	Analyst x2	Est @ -9.41%	Est @ -5.76%	Est @ -3.21%	Est @ -1.42%	Est @ -0.17%
Present Value ($, Millions) Discounted @ 7.2%	US$2.3k	US$3.8k	US$5.0k	US$4.5k	US$3.6k	US$3.0k	US$2.7k	US$2.4k	US$2.2k	US$2.1k

("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$32b

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 2.8%. We discount the terminal cash flows to today's value at a cost of equity of 7.2%.

Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$4.1b× (1 + 2.8%) ÷ (7.2%– 2.8%) = US$96b

Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$96b÷ ( 1 + 7.2%)10= US$48b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$80b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$38.5, the company appears quite undervalued at a 31% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.

NYSE:FCX Discounted Cash Flow May 16th 2025The Assumptions

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own 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 Freeport-McMoRan 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 1.022. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

See our latest analysis for Freeport-McMoRan

SWOT Analysis for Freeport-McMoRan

Strength

• Earnings growth over the past year exceeded the industry.

• Debt is not viewed as a risk.

• Dividends are covered by earnings and cash flows.

Weakness

• Earnings growth over the past year is below its 5-year average.

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

Opportunity

• Annual earnings are forecast to grow faster than the American market.

• Trading below our estimate of fair value by more than 20%.

Threat

• Annual revenue is forecast to grow slower than the American market.

Next Steps:

Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. 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. 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. Can we work out why the company is trading at a discount to intrinsic value? For Freeport-McMoRan, we've compiled three fundamental items you should assess:

Risks: Take risks, for example – Freeport-McMoRan has 1 warning sign we think you should be aware of.

Future Earnings: How does FCX'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.

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

PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Introduction

Freeport-McMoRan (NYSE:FCX) announced its first-quarter 2025 results on April 24, 2025. This article updates my GuruFocus article from December 20, 2024, in which I analyzed the third quarter of 2024.Freeport-McMoran Inc. is a prominent company in the global copper industry, consistently ranking among the top copper producers in the world. The company operates major mining operations in both North and South America. It is known for its flagship Grasberg mine in Indonesia, one of the largest global copper and gold deposits. Freeport plays a crucial role in satisfying the global demand for copper.Freeport-McMoran is one of the four leading companies in the copper mining industry. Among these four, Freeport-McMoran and Southern Copper (NYSE:SCCO) are the most focused on copper production. Freeport leverages top-tier assets like Grasberg and is expanding its production in the United States, while Southern Copper benefits from exceptionally low-cost operations in Peru and Mexico. FCX and SCCO held the highest copper reserves in 2023.

Freeport McMoRan: An uncertain future

Though a major player in copper through its stake in Escondido, BHP (NYSE:BHP) remains diversified with a broader portfolio that includes iron ore and coal. Glencore (GLEN.L), while producing substantial copper, distinguishes itself with its integration of mining and trading and its growing involvement in copper recycling and African operations.

A large institutional investor's ownership.

Freeport-McMoran (NYSE:FCX) stands out as a compelling investment for large institutional investors seeking long-term exposure to the materials and energy sectors. As one of the world's leading copper producers and a constituent of major stock indices like the S&P 500, FCX is a natural holding for firms such as Vanguard, BlackRock, and State Street, which manage vast index funds and exchange-traded funds (ETFs). Its inclusion in these indices creates a structural incentive for ownership by passive investment strategies.

Institutional investors are increasingly focused on long-term macroeconomic trends, such as the global shift toward renewable energy, electric vehicles, infrastructure development, and industrial growth.

FCX offers direct exposure to these themes with a scale, diversification, and stability that smaller mining companies often lack. As a result, institutional ownership in FCX is notably high, with approximately 83.8% of shares held by institutions. Vanguard Group alone holds 8.7%, while BlackRock Advisors LLC owns 5.4%.

What do the near- and mid-term outlooks look like for copper and copper companies?

These four companies are highly sensitive to global economic conditions because the demand for copper is closely linked to industrial activity and infrastructure development. The trade tensions and tariff policies initiated by the Trump administration created significant uncertainty that temporarily affected copper prices and the valuations of mining companies. While these policies posed short-term challenges for the copper industry, broader factors such as global stimulus efforts, supply dynamics, and the accelerating energy transition have become more influential in shaping long-term demand and pricing for copper. However, this is only true to a certain extent.The recent liberation day held in the Rose Garden by Donald Trump had a chilling effect on copper and copper companies, as the chart below illustrates:

Freeport McMoRan: An uncertain future

Although the copper price has increased by 3.6% year over year, the four companies have experienced a significant decline during the same period. Even FCX, which produces gold, is down by 22% year-over-year.As we can see above, the simple announcement of drastic tariffs threw the market off by about 25-30% in two days. As explained in my recent article, it was clearly a grey swan event.

The market has rebounded, partly due to temporary relief measures such as the Trump administration's 90-day tariff exemption, which did not apply to China, by the way. However, the ongoing risk of unresolved trade tensions remains significant. This uncertainty could negatively impact copper demand and investor sentiment without a comprehensive resolution, particularly given the industry's sensitivity to global economic stability.

Despite the recent surge in market confidence, the recovery appears to be driven more by sentiment than by substance. While officials in the Trump administration have offered reassuring public statements, there is no verifiable evidence that formal negotiations with China are actually underway. In fact, Chinese authorities have explicitly denied that any talks have taken place, casting further doubt on the narrative of progress.

Elsewhere, discussions with other nations impacted by the latest round of U.S. tariffs are ongoing but remain inconclusive. The reality is that forging comprehensive trade agreements, particularly in today's complex geopolitical climate, takes time. The unilateral imposition of tariffs by the United States, often without consultation or warning, has eroded trust among key allies and partners. For many, the willingness of the U.S. to "renegotiate" longstanding agreements, as seen with Canada and Mexico, raises fundamental questions about the reliability of any future deal. Confidence is essential in business.

This pattern disrupts global markets and undermines the credibility of U.S. commitments. In international trade, trust and predictability are just as important as economic power. Without them, even the strongest economies risk isolating themselves and weakening the alliances that are essential for global stability.

China is likely to maintain a firm stance in this trade war, shaped in part by its historical experiences with foreign intervention and its longstanding emphasis on national sovereignty. While the immediate economic pressures it faces may appear more severe, China's political structure and cultural resilience position it to withstand prolonged strain.

By contrast, the U.S. economy is already showing signs of significant disruption, and the broader effects of the tariffs are expected to ripple through all sectors in the coming weeks. These measures could result in serious economic consequences if not addressed swiftly.

Although China will not be immune to hardship, its capacity for strategic endurance may outpace that of the United States.The American response, on the other hand, risks being hampered by political volatility and a lack of cohesive strategy.

As the effects of the trade war start to become more evident, President Trump is likely to face increasing pressure, both economically and, more importantly, politically. This may compel him to quickly reverse his policies in order to prevent deeper fallout during his administration.

What will the copper industry look like in 2025-2026?

In conclusion, while Donald Trump successfully applied economic pressure on China in 2016, his attempt to replicate that strategy in 2025 appears far less effective. In the intervening years, China has taken substantial steps to reduce its economic dependence on the United States, making it far less vulnerable to the same tactics.

This time, China seems determined not to allow a repeat of past concessions. It now possesses a broader arsenal of economic tools capable of inflicting real damage on the U.S. economy. Trump's critical miscalculation may lie in underestimating both China's resilience and its strategic capacity to adapt. This could ultimately undermine the U.S. position in the current standoff.

The key question now is not whether there will be consequences but how long the administration will persist before reassessing its approach and how much damage will be done to the global economy in the interim. Given the current trajectory and the entrenched political dynamics, a near-term resolution appears unlikely.

As a result, I remain pessimistic about the outlook for 20252026, particularly in the copper market. Unless diplomatic breakthroughs occur soon, which seems doubtful, major mining companies, including Freeport, may face considerable pressure and valuation declines in the months ahead. Therefore, be careful and wait for a significant retreat of the market to accumulate again. Meanwhile, trading short-term LIFO using technical analysis should be considered the best approach.

A succinct look at Freeport McMoran's recent fundamentals with historical charts.

Freeport-McMoRan's Q1 2025 results show a mixed but cautiously optimistic outlook. The company reported revenue of $5,728 million and earnings of $0.24 per diluted share, slightly exceeding expectations despite challenges in production. Notably, the output at Grasberg has been consistently underperforming, contributing to the disappointing production results.

Freeport McMoRan: An uncertain future

While copper and gold sales were down sharply, higher commodity prices helped cushion the impact. Copper price reached $4.44 per pound in 1Q25, which is above average, as the chart below illustrates.

Freeport McMoRan: An uncertain future

In April 2025, copper prices fell by 8.4%, marking the steepest monthly decline since June 2022. The outlook for the remainder of 2025 is uncertain, largely due to China's significant role in the copper market. I do not anticipate that China will maintain strong demand for copper this year, especially in light of the ongoing tariff war. While long-term growth in copper demand is still expected due to the green transition and infrastructure investments, the immediate future appears to hinge heavily on the resolution of trade tensions and China's economic recovery. We have reached a zero-sum phase.

I am not optimistic that a quick de-escalation is possible to facilitate a swift recovery. In fact, I believe China is determined to make the US suffer to demonstrate its power, even if it comes at the cost of a painful economic slowdown. I would not be surprised if the copper price falls below $3 at some point in 2025.

The gold price reached a record high of $3,072 per ounce in 1Q25 and is on track to set another record in 2Q25.

Freeport McMoRan: An uncertain future

JPMorgan and Goldman Sachs project prices will rise to between $3,600 and $3,700 by the end of 2025. However, I am somewhat less optimistic and expect a retracement in 4Q25 to around $3,100 per ounce.In 1Q25, Freeport-McMoRan experienced an increase in unit production costs, including higher expenses for fuel, explosives, labor, and energy, particularly across its Latin American and Indonesian operations.

These increases were compounded by operational challenges such as weather-related disruptions and lower ore grades, which led to greater inefficiencies and higher cost-per-pound, with copper unit net cash costs rising to $1.66 per pound, up from $1.54 per pound in 4Q24.

The company also faced ongoing pressure from logistics and maintenance costs. Together, these factors significantly impacted margins, especially in the context of declining copper prices during the same period. Copper, gold and molybdenum production were significantly down.

Freeport McMoRan: An uncertain future

In 1Q25, Freeport-McMoRan's free cash flow (FCF) faced pressure due to higher unit costs. Cash from operations totaled $1,058 million, while CapEx was $1,172 million. The free cash flow for the quarter amounted to negative $114 million, which is disappointing, especially compared to the $642 million made in 1Q24. Unfortunately, the limited FCF in 1Q25 constrains flexibility for shareholder returns or discretionary investments.

Freeport McMoRan: An uncertain future

The company maintains a quarterly dividend distribution, with the most recent payment of $0.15 per share, comprising a $0.075 base dividend and a $0.075 variable component, made on May 1, 2025. Given the current challenges, including rising production costs, declining copper prices, and escalating U.S.-China trade tensions, there is growing potential for Freeport-McMoran to adjust its variable dividend component in the coming quarters. Freeport-McMoRan's total debt in 1Q25 stood at $9.404 billion, with a debt-to-equity ratio of 32.2%. The company had $4.385 billion in cash and short-term investments and a net debt of $5.02 billion. FCX wants to reduce its debt by $1 billion in 2025, but it may not be able to do so.

Technical Analysis: Descending Channel Pattern.Freeport McMoRan: An uncertain future

Note: The chart has been adjusted for dividends.

Freeport McMoRan (NYSE:FCX) is currently forming a descending channel pattern, with resistance at $40.75 and support at $31.4. The Relative Strength Index (RSI) stands at 57 and is trending upwards, signaling a weak bullish trend that could potentially indicate an overbought condition. While a descending channel is typically seen as a bearish formation, suggesting the price could break lower, it also presents the possibility of a bullish breakout once the pattern concludes.

An intermediate level of support/resistance appears around $36.70, coinciding with the 50-day moving average (50MA). This level warrants attention for potential trading opportunities. However, as I previously noted, FCX may have established a new support zone at $36.50, contingent on the global geopolitical landscape not deteriorating further. It's crucial to wait a few trading sessions to confirm that the rebound from the $32 support is solid and not just a false signal.

The overall market sentiment remains uncertain, driven by speculative optimism rather than fundamental changes. If negotiations spearheaded by the Trump administration don't produce significant results, this rally could quickly lose steam.

In the coming weeks, the situation will become more critical at the five major West Coast portsLos Angeles, Long Beach, Oakland, Seattle, and San Diegowhere the final shipments exempt from the new tariffs are being received. Similarly, within a few weeks, ports on the East Coast, including New York, Baltimore, and Norfolk, will face the same pressure.

Given these dynamics, I suggest trimming 10-15% of your FCX position if the stock price rises above $36.50. It will allow you to set aside cash to potentially buy back shares below $32.

If FCX rallies on positive news, consider selling an additional portion of your position in the $38.50 to $41.25 range.

In my previous analysis, I highlighted the value of taking partial short-term profits using the Last In, First Out (LIFO) method, particularly for stocks like FCX. For balanced risk management, I recommend allocating about 70% of your FCX position to short-term trading, while maintaining a core long-term investment with the expectation of future dividend increases.

Warning: The technical analysis chart should be updated regularly.

This article first appeared on GuruFocus.

Southern Copper (SCCO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this miner have returned +8.4%, compared to the Zacks S&P 500 composite's +9% change. During this period, the Zacks Mining – Non Ferrous industry, which Southern Copper falls in, has gained 10.8%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate Revisions

Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Southern Copper is expected to post earnings of $1.05 per share for the current quarter, representing a year-over-year change of -13.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -7.5%.

For the current fiscal year, the consensus earnings estimate of $4.38 points to a change of +1.2% from the prior year. Over the last 30 days, this estimate has changed -1.9%.

For the next fiscal year, the consensus earnings estimate of $4.62 indicates a change of +5.4% from what Southern Copper is expected to report a year ago. Over the past month, the estimate has changed -1.3%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Southern Copper is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS12-month consensus EPS estimate for SCCO _12MonthEPSChartUrlProjected Revenue Growth

Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Southern Copper, the consensus sales estimate for the current quarter of $2.9 billion indicates a year-over-year change of -6.9%. For the current and next fiscal years, $11.88 billion and $11.49 billion estimates indicate +3.9% and -3.3% changes, respectively.

Last Reported Results and Surprise History

Southern Copper reported revenues of $3.12 billion in the last reported quarter, representing a year-over-year change of +20.1%. EPS of $1.19 for the same period compares with $0.94 a year ago.

Compared to the Zacks Consensus Estimate of $2.98 billion, the reported revenues represent a surprise of +4.67%. The EPS surprise was +5.31%.

Over the last four quarters, Southern Copper surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.

Valuation

Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Southern Copper is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom Line

The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

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

Zacks Investment Research

Freeport-McMoRan (FCX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this mining company have returned +17.2%, compared to the Zacks S&P 500 composite's +9% change. During this period, the Zacks Mining – Non Ferrous industry, which Freeport-McMoRan falls in, has gained 10.8%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate Revisions

Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Freeport-McMoRan is expected to post earnings of $0.47 per share for the current quarter, representing a year-over-year change of +2.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -8.3%.

For the current fiscal year, the consensus earnings estimate of $1.61 points to a change of +8.8% from the prior year. Over the last 30 days, this estimate has changed -0.7%.

For the next fiscal year, the consensus earnings estimate of $2.21 indicates a change of +37.3% from what Freeport-McMoRan is expected to report a year ago. Over the past month, the estimate has changed -0.5%.

With an impressive externally audited track record, our proprietary stock rating tool — the Zacks Rank — is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Freeport-McMoRan.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS12-month consensus EPS estimate for FCX _12MonthEPSChartUrlRevenue Growth Forecast

Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Freeport-McMoRan, the consensus sales estimate for the current quarter of $6.86 billion indicates a year-over-year change of +3.6%. For the current and next fiscal years, $26.58 billion and $29.17 billion estimates indicate +4.4% and +9.8% changes, respectively.

Last Reported Results and Surprise History

Freeport-McMoRan reported revenues of $5.73 billion in the last reported quarter, representing a year-over-year change of -9.4%. EPS of $0.24 for the same period compares with $0.32 a year ago.

Compared to the Zacks Consensus Estimate of $5.31 billion, the reported revenues represent a surprise of +7.92%. The EPS surprise was 0%.

Over the last four quarters, Freeport-McMoRan surpassed consensus EPS estimates two times. The company topped consensus revenue estimates three times over this period.

Valuation

Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Freeport-McMoRan is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Conclusion

The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Freeport-McMoRan. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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

Zacks Investment Research

VANCOUVER, BC, May 14, 2025 /CNW/ – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its condensed interim consolidated financial statements for the three months ended March 31, 2025 and the corresponding management's discussion and analysis ("MD&A"). Below is a summary of the Company's financial results for the first quarter of 2025 ("Q1 2025") in comparison to the same respective period in 2024 ("Q1 2024") (all amounts in USD unless specified):

• Revenue for Q1 2025 decreased to $14.8 million (Q1 2024 – $15.7 million), representing a $0.9 million or -5.7% decrease.

• Mine operating loss increased by $10.0 million to $4.7 million in Q1 2025 (Q1 2024 – mine operating income of $5.3 million) while gross margin decreased from 33.7% in Q1 2024 to -31.6% in Q1 2025.

• Operating loss was $8.1 million in Q1 2025 compared to $0.03 million in Q1 2024.

• Net loss attributable to equity shareholders was $6.9 million ($0.03 loss per share) in Q1 2025 versus net loss attributable to equity shareholders of $0.9 million ($0.00 loss per share) in Q1 2024. The increase in Q1 2025 net loss was largely attributable due to the restart of underground operations, resulting in increased production costs and site services costs incurred at the Crocodile River Mine ("CRM") in South Africa.

• The Company had a working capital deficit (current assets less current liabilities) of $47.4 million as at March 31, 2025 (December 31, 2024 – working capital deficit of $38.7 million) and short-term cash resources of $4.7 million (consisting of cash and cash equivalents) (December 31, 2024 – $3.1 million)

Wanjin Yang, Chief Executive Officer and President of Eastplats commented, "We had a challenging first quarter as we ramp up underground run-of-mine tonnages at the Crocodile River Mine. Our focus is on increasing underground production feed to the PGM and chrome circuits, which will improve production results in future quarters."

Operations

The Company derived revenue from the processing of platinum-group-metal ("PGM") and chrome concentrates during Q1 2025 and Q1 2024. Eastplats' majority of revenue (72% for Q1 2025; 93% in Q1 2024) is from chrome concentrate sales to third parties.

Summary of chrome production from the Retreatment Project at the CRM for the three months ended March 31, 2025 and 2024:

	Q1 2025	Q1 2024
Total Tailings Feed (tons)	109,919	385,299
Average grade Cr concentrate	36.54 %	38.57 %
Tons of Cr concentrate	14,690	79,882

The Retreatment Project was completed during the first quarter of 2025. The Company continues the tailings storage facility wall building program, utilizing waste rock and paddocking, to raise the wall to facilitate continued depositing of reprocessed tailings.

The Company started processing run-of-mine ("ROM") UG2 ore from the Zandfontein underground section at the CRM during the third quarter of 2024, at higher grades of chrome and PGM recovery, respectively.

Summary of chrome production from underground operations for the three months ended March 31, 2025:

	Q1 2025
Total ROM Feed (tons)	44,947
Average grade Cr concentrate	40.63 %
Tons of Cr concentrate	9,761

Summary of PGM production for the three months ended March 31, 2025 and 2024:

	Q1 2025	Q1 2024
Average 6E grade (grams per ton)*	147	49
Tons of PGM concentrate	671	945
PGM ounces produced (6E)*	3,175	1,488

*PGM 6E grades and ounces are estimates until final exchanges and umpire results have been concluded, which can take up to three months.

The Company has filed the following documents, under the Company's profile on SEDAR+ at www.sedarplus.ca:

• Condensed interim consolidated financial statements for the three months ended March 31, 2025; and

• Management's discussion and analysis for the three months ended March 31, 2025.

The condensed interim consolidated financial statements for the three months ended March 31, 2025 are available for download at https://www.eastplats.com/investors/quarterly-reports/F2025/  and are also available on the JSE's website at:

https://senspdf.jse.co.za/documents/2025/JSE/ISSE/EPS/Q125.pdf.

The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore.

Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates, respectively.

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation.  Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company.  Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will," "plan," "intends," "may," "could," "expects," "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedarplus.ca.

In particular, this press release contains, without limitation, forward-looking statements pertaining to: increasing underground production feed to the PGM and chrome circuits and improvement of PGM and chrome production results. These forward-looking statements are based on assumptions made by and information currently available to the Company.  Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.  By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedarplus.ca. The forward-looking statements in this news release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/14/c8552.html

TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, May 14, 2025 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report on recent activities and results that underscore the potential for new discoveries, particularly with a focus on gold, at the San Pietro Copper-Gold-Iron oxide-Cobalt Project ("IOCG"), Chile ("San Pietro" or the "Project").  This includes the first sampling results from two exciting new targets (Noemi and Lolita Norte) and the addition of new concession package (Cerro Sur) with highly prospective gold-copper results from historic drilling (see Figure 1).

Golden Arrow Resources Corporation logo (CNW Group/Golden Arrow Resources Corporation)

• The Noemi target (Figure 2) demonstrates the hallmarks of IOCG deposits like the Rincones & Colla deposits, 7km to the southeast along a structural trend, including,

  • High magnetic anomalies coincident with specularite, quartz, carbonate and copper oxides in potassic-altered breccias and veins up to 3 metres wide with multiple anomalous rock chip samples including 1.4 m averaging 3.41% Cu and 0.26 g/t Au.

• Prominent north-south breccia veins offer large gold targets at both Noemi and Lolita Norte:

  • 800 metres of strike returned 4 significant gold-copper values in rock chip channel samples, such as 3.0 m averaging 4.19 g/t Au and 2.08 % Cu at the Florencia structure, Noemi target.

  • A similar structure at Lolita Norte target (Figure 3) is believed to be the continuation of an historically mined vein system; new sampling confirmed gold and copper along 1.9km of strike.

• The newly acquired 1,500-hectare Cerro Sur concession package expands the discovery potential at San Pietro. There is diamond-drilled core remaining on site from historic targets, and summary assay results for over 4,600m of drilling for gold and copper that include:

  • Intercepts from 0.1 g/t Au to as high as 27.9 g/t Au, with a best reported interval of 6 metres averaging 4 g/t Au

  • Single intercepts from 0.1% Cu to as much as 62 metres averaging 0.25% Cu.

Brian McEwen, Golden Arrow VP Exploration and Development stated, "Results from our 2024 exploration program continue to demonstrate that San Pietro has a huge amount of remaining discovery potential. The results from Noemi and Lolita Norte are very promising, and the amount of gold is particularly encouraging. The Cerro Sur acquisition adds a big opportunity as there has been a lot of work done by some major companies in the past and our preliminary review of the information supports the potential for more gold and copper discoveries. We are continuing our systematic exploration in these areas and throughout the more than 50% of the property that remains untested. We are refining targets for a Phase 3 drill program which will be designed to expand resources at our Rincones and Colla deposits and identify new deposits at San Pietro."

Additional detailed mapping and sampling is on-going at Noemi and Lolita Norte to delineate targets for future drilling.  At Cerro Sur, the Company plans to relog and retest any viable remaining drill core to create a modern database for the area.  Additional field work is also being planned.

Exploration Program Details

In 2024 the Golden Arrow team continued surface exploration throughout the large San Pietro property, concurrent with the resource delineation drilling program at the Rincones and Colla targets. The first detailed geological mapping was completed in the south and southwestern parts of San Pietro as well as a 1500-hectare ground magnetics survey and the new Noemi and Lolita Norte target areas were delineated (see Figure 1 project map including Figure 2 and 3 detail map locations).

Noemi

Noemi covers an area of approximately 2 by 3 kilometres located approximately 7 kilometers south of the Rincones resource area. The main geological units mapped are fine andesites, tuffs and volcaniclastic rocks intruded by a microdiorite, and in some areas there is gravel cover. There is an early stage of alteration of scapolite-actinolite-magnetite crosscut by NW to N-S trending shear zones. These zones include breccias and veins up to 3 metres wide, with specularite, quartz, carbonate and copper oxides and a potassic feldspar-chlorite-epidote alteration. These structures are anomalous in gold and copper with values in rock chip channel samples of up to 1.4 m with 3.41% Cu and 0.26 g/t Au (see Figure 2). Several of these areas are coincident with strong magnetic anomalies. The coincidence of the appropriate lithologies with good alteration, copper-gold structures and high magnetic anomalies indicates potential for new IOCG deposit discoveries similar to the Rincones deposit.

Also of particular interest within the Noemi target is a prominent north-south breccia vein of quartz-tourmaline-specularite-carbonate-jarosite.   This structure ("Florencia") outcrops in 2 sections (north and south). In the south section the vein has a width of 1 to 3 metres but reaches up to 8 metres with the adjacent veinlets. Four rock chip channel samples collected across the structure, along 800 metres of strike, returned significant gold-copper values such as 3.0 m with 4.19 g/t Au and 2.08% Cu (Figure 2).

Lolita Norte

Three kilometres west of the Noemi the team identified a second high-priority target, called Lolita Norte.

A similar structure to Florencia was identified and mapped for more than 1.9 kilometres with the possibility that it continues to the north under the gravel cover. It is believed to be the northern extension of the Lolita-Madura gold vein system which was exploited as part of a private underground gold mining operation in the 1980´s, the remains of which are situated approximately 2.5 kilometres to the south, off the San Pietro concessions.  [Proximity to a mineral resource, deposit, or mine does not indicate that mineralization will occur on Golden Arrow's property, and if mineralization does occur, that it will occur in sufficient quantity or grade that would result in an economic extraction scenario.]

The mineralization at Lolita Norte is similar to Florencia with gold and copper in a quartz-tourmaline-carbonate vein and breccia structure with a width of 1 to 8 metres.  In this case the host rock is granodiorite that is part of the Sierra Mercedita Pluton. The team completed the first stage of reconnaissance of this target, collecting 61 rock chip samples from the veins and old small miner workings (Figure 3). Well-mineralized samples occurred throughout the entire length of the structure, and in some cases the host granite carried similar mineralization to the veins.  For instance, rock chip samples from an "underground breccia" (taken from old workings approximately 15 m deep) included a vein sample assayed at 0.75 m averaging 0.35 g/t Au with sampling of the adjacent granite returning 1.5 m averaging 0.20 g/t Au and 1.0 m averaging 0.64 g/t Au.

Cerro Sur Acquisition

Cerro Sur is comprised of 1,500 hectares of mining exploration concessions adjacent to the western border of the San Pietro Project (Figure 1). The Cerro Sur concessions recently became publicly available and Golden Arrow's Chilean subsidiary, New Golden Explorations Inc. ("NGE"), secured a 100% interest via the Chilean government application process.  Verbal accounts suggest that as much as 10,000 metres of drilling has been completed at the project in the past.   The third-party historic summary report currently available (the "Summary") provides information from several exploration programs prior to 2018 with work completed by major companies that included geological mapping, surface sampling, trenching and geophysical surveys (magnetometry and TEM) and testing for copper and gold by diamond drilling of 4,695 metres in 17 holes.  Golden Arrow's Qualified Person has not verified the information in the Summary and no details on methodology or QA/QC were included, therefore this information is considered "anecdotal" at this stage and only indicative of the potential of the project.  Drill core from the project is available and an initial review indicates that it is mostly intact, although it has not been confirmed that it all, and only, coincides with the holes reported in the Summary.  NGE plans to relog, resample and re-assay the core as much as possible to validate the historic data and create a robust database.

The Cerro Sur project is located within the Atacama Fault System ("AFS"). The north-south lying AFS includes a wide zone of deformation that controls the mineralization and alteration at San Pietro and other nearby IOCG deposits. This includes the Mantoverde IOCG deposit and mine complex which is located less than 10km to the southwest of Cerro Sur, and is one of several deposit models used for exploration at San Pietro (see NI 43-101 Technical Report filed on SEDAR+).  The Summary for Cerro Sur suggests that the underlying volcanic basement rocks are the Jurassic aged La Negra Formation, which is the same group at least partly assigned to the rocks that underly at Manto Verde. Locally these are overlain by granitic rocks from the Upper Cretaceous aged Sierra Merceditas Pluton, which is also mapped at the Lolita target area (see above). Along a six kilometre north-south section of the Merceditas Fault and its related structures (a subsidiary of the AFS), several veins and stockworks with gold and copper have been identified. The copper is associated with shear zones containing magnetite that can be associated with an IOCG model, while the gold mineralization might be related to an epithermal episode associated with the intrusive.

The Summary indicates that five targets were tested by diamond drilling of across several of the steeply dipping mineralized structures. Twelve holes reported anomalous copper and/or gold intervals. Anomalous intervals occurred from 0 to as much as 335 metres downhole and many holes reported multiple intervals. For copper, notable intervals ranged from single (1 metre or less) intercepts of >0.1% Cu to as much as 62 metres averaging 0.25% Cu. For gold, notable single intercepts ranged from 0.1 g/t Au to as high as 27.9 g/t Au, with the longest reported interval of 6 metres averaging 4 g/t Au.

Methodology & QA/QC

Rock chip samples at Noemi and Lolita Norte targets were collected by the NGE technical team. Samples were shipped to ALS Laboratory in Copiapo, Chile by a contract truck service. Sample preparation and gold analysis by Fire Assay and reading by atomic absorption on 30 gm sample by method Au-AA23 was completed at the ALS facility in Santiago de Chile. Multi-element package by ICP-OES reading following a four-acid digestion by method ME-ICP61 was performed at ALS facilities in Lima, Peru. Samples with over limits in copper (+ 10,000 ppm) were re-assayed by ore grade method Cu-OG62 that includes four acid digestion and ICP-OES reading. The Company follows industry standard procedures for the work carried out on the San Pietro Project, with a quality assurance/quality control ("QA/QC") program. Blank and standard samples were inserted in each batch of samples sent to the laboratory for analysis. Golden Arrow detected no significant QA/QC issues with material effect on the data.

Qualified Persons

The exploration programs are designed by the Company's geological staff and results are reviewed, verified (including sampling, analytical and test data) and compiled under the supervision of Brian McEwen, P.Geol., VP Exploration and Development to the Company. Mr. McEwen is a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the contents of the news release.

About the San Pietro Project

The San Pietro Project targets the discovery of multiple copper-gold-iron oxide ("IOCG") plus cobalt deposits on over 21,000 hectares located approximately 100 kilometres north of Copiapó in the Atacama Region of Chile. To date, Golden Arrow has completed an initial Mineral Resource Estimate for the Rincones and Colla deposits that includes 2,470 Mlbs of contained Cu and 770,000 oz contained Au (492 Mt with an average grade of 0.23% Cu, 0.05 g/t Au, 99 g/t Co and 14.43% Fe; NI 43-101 Technical Report filed on SEDAR+).

Situated between and adjacent to Capstone Copper's Manto Verde Mine property and Santo Domingo Project, San Pietro is in the centre of a new copper-iron-cobalt district within an active, well-developed mining region that is home to all the major IOCG deposits in Chile.

Golden Arrow operates San Pietro through its 75%-owned Chilean subsidiary, New Golden Explorations Inc. ("NGE").

About Golden Arrow:

Golden Arrow is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.

Golden Arrow is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-cobalt project in Chile, and a portfolio that includes nearly 125,000 hectares of prospective properties in Argentina.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

         "Joseph Grosso" _______________________________

Mr. Joseph Grosso, Executive Chairman, President and CEO

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

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the terms of the Amending Agreement, the exercise of the Amended Option and the timing thereof, the TSXV's approval of the Transaction; the gross proceeds under the Private Placement, the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with obtaining necessary regulatory approvals (including the TSXV's approval); risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

Cision

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SOURCE Golden Arrow Resources Corporation

We recently published a list of Top 10 Buzzing Stocks in May. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against other top buzzing stocks in May.

The latest quarterly results from a couple of major technology companies have soothed concerns about AI demand that prevailed in the market following the launch of DeepSeek. Storm Uru, Manager at Liontrust Global Dividend Fund, said while talking to CNBC that the Satya Nadella-led tech giant’s results were “extraordinary.”

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David Grain, Founder & CEO of Grain Management, also believes AI demand could be strong amid a variety of factors.

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READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.

For this article, we picked 10 stocks making moves these days. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

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Number of Hedge Fund Investors: 22

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